Reports and Financial Statements The Journal of Horticultural Science and Biotechnology Year Ended 31 December 2025
THE JOURNAL OF HORTICULTURAL SCIENCE AND BIOTECHNOLOGY COf4TEf4TS Page Year Ended 31 December 2025 Board of Trustees etc. Trustees, Report Independent Examiner's Report Balance Sheet Income and Expenditure Statement Statement of Financial Activities Notes to the Financial Statements 7-10
THE JOURNAL OF HORTICULTURAL SCIENCE AND BIOTECHNOLOGY CHARITY REGISTRATION IYUMBER 211855 GOVERNING DOCUMENT The charity is governed by its Constitution adopted in October 199J and ainended in Scpt¢inb¢r 1997, May 2004 , May 2008 and May 2021. BOARD OF TRUSTEES R H Collier OBE PhD ( Chair) W J Davies CBE PhD P Hadley Bsc PhD P R Mills, Bsc PhD MBA J R Pitt, LLB T Lawsoii Bsc PhD CBiol FRSB S Pearson. MBE Bsc PhD FRSB FIAgE HonFIL4gS R Wells, PhD INVF.STMF.NT MANAGF.RS Rathbones Investment Management 30 Gresham Street London EC2V 7QN EDITOR J Haminond 90 Lower Henley Road Caversham Reading RG4 SLE INDEPENDENT EXAMINER T Lamley CIMA 112 Leicester Road Bedivorth Warks DEPUTY EDITOR TBA BANKERS Llo}'ds Bank PIC 41143 South Str¢¢t, Worthing West Sussex BNII JAU PUBLISHERS Taylor & Francis 4 Park Sqiiare Milton Park AbinLdon OX14 4RN REGISTERED OFFICE 21 Mantilla Drive Styvechale Grange Coventry CVJ 6NJ SECRETARYrfREASURER R Preedy
THE JOIIRN.4L OF HORTICI"LTURAL SCIENCE AND BIOTECHNOLOG TRUSTEES, REPORT FOR THE I'EAR ENDED 31 DECEMBER 2025 BOARD OF TRIISTEES The Iluard inel on Thur5dav 8111 Ma) 2025. al Raihbones Inl'eslinent Managetnent. 30 (yr¢sham 51. l.ondon r.L2V 7QN CHARITABLE OBJECTII'ES AND PIIBLIC BEiNEFIT To advl* res¢arLh inio Ihe science prabliLe vfagriLuliiire iyiih parIlLul referenLe 10 horliLuliure and assisi in IhL dissLminil1ion of thi rLsulis ofihL ld rL%carch work b> Ihc publicaiion of a Joumal. Journal io k. LallLd 'Thk Joumal ofHorliculiurdl SLicnLc and Bioicchnologi. MhiLh shall bc aN&ilablc to mcmbcrs of thc gLmcfi?I piiblic. ThL IIIISILYS hai'c li?kLn accouni of IhL charli Commission's gcncral gL]idance Dn public tll£fit ivhen setting ours aims and Dbjectives and in planning Dur future aclil'ities PIIIII.ICATIO Vulume 100 published on sLhedule. Il cuniairted 61 original articl, irt¥liiding 17 rgviews and Ihreg Editorials. Volum¢ 100 includ¢d a sp¢cial issue IIssLJ¢ 51 coniaining a eoll¢etion of min1-r¢bieiS from th¢ -ITonicultural Sci¢n¢¢'. from t)IsCotr! to Application, cont¢r¢n¢¢ joinllTr hosl¢d b), the Joumal ot. Horticultural Science and Binlechiiology ld the.4s£(Kialion of Applied Iliologists at the lJniN'ersity of Readin¥ in MLifLh 2024. The ioial numbeio(gubmi55ions was 781 noi inLliiding revisions and r¢sLJbmissions. Volumt l O l is also PLJblishing on schedule. Issuts one and tw'o have betn published, M'hich included an Edithrial la Inark the change in Senior Editor. Ther¢ are currenllv 211 accepted papers in the backlog aiid uiind 2? papers in vl(lU5 stages of assessment ivithin the s'te[. whiLh will be sutTiLieiil lo fill the fuur rcmaining issuts of Volumc 101. With efftcl from the I, S¢pt¢mb¢r ?025. Prof. 11gmmond Il)tputy. r.ditorl a4sum¢d a joint Senior r.ditor le with Prof. Se}'mDuT lo facilitate the handoNer of Illi% role. with Prof. Hammond handliiig all new subnii55iuns frutn the I September 2025. FILTrm Ilie I, Jul. 2026, Pr()f. Hond tuok oN'eT sole Scnior Editor and AE Dr. BLII, Iwk 0¢r as DLWUIV Editor. Tr'JNANC.'IAL JiLSIIL'I"S Publicaiion income is based on a ro}'alty agrttd b¢ti4'#n th¢ Journal and ihe publishers Ta>'lor and Francis. Royiiliv Inc4)mL for ?025 is £ 85.275 12024 £ 87.8301 'irtg slighilv doi4'n on 2024. Whcn Ihl Taylor and Francis coniribuiion 10 thc cdiiorial Losis of £ 6.055 arL iakcn in considcration along 'Ith in¢SiM¢nI inLomL. bank dwVOSiI intcrlst IhL ioial inLomc for thc },r is £ 111.337 12024 £ 115.7231. r¢sLJlting in a small r¢duciion of £4.386 in ihe Journals ioial iniomt for 2025. How¢tr, wh¢n a reduLiion in adminisiraiion eosis for 2025 thken into eonsideration th¢ n¢1 incoming rtsourc¢s are verj. similar 2024. RESERTrES In i'itw. ot"th¢ currtnt ro}'altv arrangements with Taylor and Francis the Board has awttd it i¥ill monitor the p)sition on an annual ls. INI'ESTIIENTS Ini'esltnenls are made at the Budrd's disLr¢lion. Thev reviewed annudlly with ddviLY frurn th¥ Invesltnent Miinagvrs, who monilor Ihg porifulio Ihrvugliuul Ili¥ Near. Thc 1nd¢nd¢nIl}, Lxamincd &c¢ounis (or IhL ycar lorm part of this rcpori. Prof R 11 C'ollier Chair of Tru$tc¢$ qr R Prted). S¢cr¢tarn'rrr¢a$ur¢r
Independent Examiner's Report to the Trustees of the Journal of Horticultural Science and Biotechnology I report to the tn]stees on my examination of the accounts of the Trust for the year ended 31 December 2025, which are set out on pages 4 to l O. Responsibilities and basis of report As the charity's Irustees of the Trusl you are responsible for the preparation of the accounts in accordance i¥ith the requirements of the Charities Act 2011 ("the Act "). report in respect of my exatnination of the Trust's account carried out under section 145 of the 201 l Act and iii carrying out my exatllination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of th¢ Act. Independent examiner's statement I have completed tny examination. I confirm that no Inaterial matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. th¢ ac¢ounts do not a¢cord with those r¢¢ords' or 3. the accounts do not comply with the applicable requirements concerning the forn) and content of accounts set out in the Charities (Accounts and Reports) Regulation 2008 other than any requirement that the accounts give a'true and fair view which is not a matter considered as part of an independent examination. have no concerns and have come acTOSS no tnatter5 in connection with the exatnination to which attention should be drawn in this report in ordcr to enable a propcr undcrstanding of th¢ accounts to be rcachcd. Name: T Lamley CIMA Address: 112 Leicester Road Bedworth Date.. May 2026
THE JOURIYAL OF HORTICULTURAL SCIEIYCE AND BIOTECHNOLOGY BALANCE SHEET AS AT 31 DECEMBER 2025 Iyote 2025 2024 Fixed assets Investments 878,842 836,177 Current assets Debtors Cash at bank D¢posit account 54,330 6,770 101,219 57,396 4.522 80,360 162.319 142.278 Creditors: amounts falling due within one year (10.676) {14,110) Net current assets 151,643 128,168 Total assets less current liabilities 1.030,485 964,345 Unrestricted Funds: Reserves 857,136 814,514 Investment Revaluation Reserve 173,349 149,831 1,030.485 964,345 Approved by the Board of Trllstees Prof R H Collier Chair R Preedy Seeretaryrfregsurer
THE JOURNAL OF HORTICULTURAL SCIENCE AND BIOTECHNOLOGY INCOME AND EXPENDITURE STATEMENT FOR THE YEAR F.NDF.D 31 DF.CF,MBF.R 2025 Note 2025 2024 Royalties receivable Volume l 00-99 85,275 87,830 Editorial contribution 6,055 6,055 Total surplus on Journal 91,330 93,885 Other expenses (68,715) (72,852) Operating Profitl {55) 22.615 21,033 Investment income 19,147 20.932 Deposit interest (gross) 860 906 Surplus l(D¢fi¢it) carried to Reserves 42,622 42,871 The Income and Expenditure Statement is derived from the Statement of Financial Activities on page 6 together with the notes to the accounts on pages 7 to 10.
THE JOURNAL OF HORTICULTURAL SCIENCE AND BIOTECHNOLOGY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Note 2025 2024 Incoming Resources Royalties receivable Volume l 00-99 Editorial Contribution 85,275 6,055 87,830 6,055 91,330 93,885 Investment income (gross) Invcstmcnt income Deposit interest Totsl Incoming Resources Resources Expended Direct charitable expenses-. Editor's r¢muneration and Nl Statioiierv lsuiidry items I IT equipt 19,147 860 111,337 20,932 906 115,723 31,848 1.947 26,996 33,795 27,717 Manag¢m¢nr and adminislrarioii.. Sccrctaryl Treasurerfs retnuneTation and Nl Postsge, telephone etc Prinring & stationary Audit and accountancy Insurance Trav¢l grants l T softw.are and consumables Travel and meetings Inveslmenl Manag¢r fee Nuffield Scholarship Reading Conference Mark¢tinOSo¢ial Media 17.758 16,897 14 875 492 515 192 3,301 1.407 8.000 (470) 2,850 850 498 943 5,381 1,748 16,076 2,728 34,920 68,715 42,622 45,135 Total Resources Expended Net Incoming Re$ourees For The Year Other Recognised Gains and Losses Gain1{ Diminution) on investments Net Moi'ement In Funds 42,871 23,518 66,140 964,345 1,030,485 52.477 95,348 868,997 964,345 Funds Balances Brought Forward at l January 2025 Funds Balances Carried Fonvard at 31 December 2025 There Ivere no other g*ins or losses in the year other than those reported above.
THE JOURNAL OF HORTICULTURAL SCIENCE AND BIOTECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2025 ACCOUNTING POLICIES AND TRUSTEES RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS Trustees Responsibilities The Charities Act requires the trustees to prepare financial statements for eacli financial year which give a true and fair view of the charity's activities during th¢ year Year Ended 31 December 2025 In preparing the accounts the trustees have: selected suitable accounting policies and applied them consislently. made judgements and estimates that are reasonable and prudent; followed applicable accounling standards; prepared the accounts on a going concern basis. Tlie trustees are responsible for keeping proper accounting records wliich disclose with reasonable accuracy the financial position of the charity and Th,hicli enable them to ensure that the financial statements comply '1th the Charities Act 2011. They are also responsible for safeguarding the charity's assets, and hence for taking reasonable steps for tli¢ prevention and detection of error, fraud, and other irregularities. Basis of Accounting -I'lie financial slateinents are prepared linder the historical cost convention as modified by the inclusion of inv¢stments at market value, and in accordan¢¢ with applicable accounting standards. In preparing the financial statements the charity t"ollow's best practice as laid down in the Statement of Recommended Praclice Accounling and Reporting by Charities (SORP FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice. Publication Income Publication income is based on royalties paid by Taylor & Francis (the Joiirnals publisher's) as s¢t out in th¢ publishing agreement dated 4th July 2022. Production Costs The production costs of each volume are charged fully in the year to which the volume relates. Investments Investments are included at market value. Investment Income Investment income is transfered direct to the Journals Investment Portfolio on a quarterly basis, by Rathbones.
THE JOURNAL OF HORTICULTURAL SCIENCE AND BIOTECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 2 OTHER EXPENSES 2025 2024 Editor's r¢muncration and Nl 31,848 26,996 Secretary/Treasurer's remuneration and Nl 17,758 16,897 Ststionery. printing and photocopying {inc diaries) 1.003 721 Postage, telephone etc 14 Travel grants 515 Audit and accountancy 875 850 IT consumables 1.136 943 Insuran¢e 492 498 Travel and meetings 3,301 5,381 Investment Manager fee 1,407 1,748 Reading Confcr¢n¢¢ (470) 16,076 Nuffield Scolarship 8,000 Marketingsocial Media 2.850 2,728 68,715 72,852 Other expenses can be split between direct charitable expenditure of £ 33.795 and management and administration of £J4,920 (2024 £27,717 and £45,135). Employee information The Charity employed five eniplo)'ees during the year to deal M.'ith all the administrative and editorial duties of tl)e Charity. There '¢re no inembers of straff paid more thai) £60,000 witliin the y¢ar. Trustee remuneration and expenses Trustee remuneration paid during the year was nil. Included w'ithin travel and meeting expenses is the sum of £2,108 for expenses incurred by all of the trustees, including all business meetings by trustees (2024 £2. 107). Related party tr#nsa¢tion4 There M'ere no related party transactions in 2025
THE JOURNAL OF HORTICULTURAL SCIENCE AND BIOTECHNOLOGY NOTES TO THE FIIYAIYCIAL STATEMENTS 31 DECEMBF.R 2025 INVESTMENTS Listed at Market value 2025 2024 Year Ended 31 December 2025 878,842 836.177 878,84? 836,177 DEBTORS ATr4D PREPAYMENTS 2025 2024 Sundry debtors 54,330 57,396 54,330 57.396 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Sundry ¢reditors and a¢¢ruals 10,676 14,110 10,676 14.110
THE JOURNAL OF HORTICULTURAL SCIENCE AND BIOTECHNOLOGY NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 RESERVES 2025 2024 Balance I sl January 814,514 771,643 Surplus l (Deficit ) for the year 42,622 42,871 Balance at 31 December 857,136 814,514 INVESTMENT REVALUATION RESERVE 2025 2024 Balance ai l January 149,831 97,354 GairdDiminution in Valuation 23,518 52,477 Balance at 31 December 173,349 149,831 STATUS Tlie Journal of Horti¢uliural S¢ien¢e and Biotechnology is a registered ¢harity (No. 211855). TAXATION The Joumal of Horticultural Science and Biotechnology is exempt from Income Tax. Capital Gains Tax aiid Corporation Tax but is r¢quir¢d to bc r¢gist¢r¢d for Value Add¢d Tax (No. 203 9712 80).