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2025-03-31-accounts

John Innes Centre | Annual Report and Accounts | March 2025

JOHN INNES CENTRE

Annual Report and Accounts for the year ended 31 March 2025

Registered charity number: 223852

Registered company number: 00511709

John Innes Centre | Annual Report and Accounts | March 2025

ANNUAL REPORT CONTENTS

ANNUAL REPORT CONTENTS
INTRODUCTION 3
TRUSTEES’ REPORT INCORPORATING THE STRATEGIC REPORT 4
STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES OF JOHN INNES CENTRE IN
RESPECT OF THE TRUSTEES’ ANNUAL REPORT AND THE FINANCIAL STATEMENTS 20
INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE JOHN INNES CENTRE 21
FINANCIAL STATEMENTS 24
NOTES TO THE ACCOUNTS 27
CHARITY INFORMATION 42

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John Innes Centre | Annual Report and Accounts | March 2025

INTRODUCTION

Introduction to the Annual Report

The Board of Trustees, who are directors for the purposes of company law, present their Annual Report and the audited consolidated financial statements for the year ended 31 March 2025.

John Innes Centre ("JIC") is a company limited by guarantee and a registered charity. The Annual Report provides information on the legal purposes of the charity, the activities it undertakes and its main achievements. The Annual Report has been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP), Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), together with the reporting requirements of the Companies Act 2006 and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS102.

Message from the Chair of the Governing Council

It would be remiss of me to start with anything other than a huge thank you to outgoing Director, Professor Graham Moore for his service and dedication to the John Innes Centre as we approach his well-earned retirement.

He has led the Institute through the beginning of a huge change programme across site, as we become futureready with our Next Generation Infrastructure project to create a world-leading hub for plant and microbial science, and his leadership and collaboration have been vital.

I would also like to thank Dr Celia Caulcott for being an exceptionally supportive vice-chair during her time on the Governing Council. As Celia steps down, I am pleased to welcome James McCafferty as our new vice-chair.

Looking to the future, I am also delighted to welcome Professor Cristobal Uauy into the role of Director, who will be building on the excellent work already being done, while bringing his unique expertise and vision to our institute.

And what a time it is for plant and microbial science at the John Innes Centre. Another year has passed, and again I am astounded by the high-quality science and discoveries that our colleagues have been working on.

We continue to focus on increasing our collaboration with the very best scientists in our field nationally and internationally, while building ever stronger links across the brilliant Norwich Research Park.

As part of our fundraising campaign, we have stepped up our engagement by forging strong connections, and engaging others with our vision. Personally, I am always exceptionally proud to talk about our work, promoting the incredible research and discoveries that make us so unique.

Here’s to another year of supporting Healthy Plants, Healthy People, and a Healthy Planet.

Sir Thomas Hughes-Hallett, Chair

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TRUSTEES’ REPORT INCORPORATING THE STRATEGIC REPORT

JOHN INNES CENTRE

The John Innes Centre (JIC) is a world-leading international centre of excellence in plant science and microbiology based at the Norwich Research Park.

For the past 110 years, JIC has been addressing global challenges through research. Our knowledge of plants and microbes combined with our creative, curiositydriven approach answers fundamental questions and significantly impacts industrial biotechnology, society, and global development.

Healthy Plants, Healthy People, Healthy Planet (HP3), our joint strategy with The Sainsbury Laboratory (TSL), outlines our vision for delivering a safer, healthier and more sustainable future through the power of plant and microbial science.

In collaboration with world-leading academic partners, we are uniquely positioned to lead the fundamental scientific advances needed to address three intertwined, era-defining challenges: securing nutritious food for all, global health threats, and climate change.

NEXT GENERATION INFRASTRUCTURE (NGI)

Key to delivering our HP3 strategy, work has started on a new world-class research environment at the heart of the Norwich Research Park, supported by UK Research and Innovation (UKRI) Infrastructure Fund capital investment of £317.7m.

This transformational investment will fund new cuttingedge, world-class facilities for JIC and TSL to deliver a step change in our capability to translate scientific knowledge into bio-based solutions in response to some of society’s most pressing challenges. Our vision to improve collaborative working across the UK and overseas, helping us to provide a safer, healthier and more sustainable future through the power of plant and microbial science.

As well as transforming the existing capabilities of JIC and TSL, both internationally recognised centres of excellence in plant and microbial science, the new hub also aims to deliver a net-zero carbon laboratory. As well as new laboratories, the investment includes a redevelopment of our plant growth facilities, which in conjunction with our existing field station, will improve our ability to study the effects of climate change.

NGI has garnered generous contributions from the Gatsby Charitable Foundation, the University of East Anglia, the John Innes Foundation, the Wolfson Foundation and the Garfield Weston Foundation. JIC and TSL have embarked on an ongoing fundraising campaign, to secure a further £35m to support the full cost of the programme. Construction of the research hub is expected to be completed in 2031.

STRATEGIC RESEARCH PROGRAMMES

JIC receives strategic funding from UKRI-BBSRC (Biotechnology and Biological Sciences Research Countil) for four strategic research programmes, enabling research across plant and microbial science, from the unlocking of the remarkable and underexploited biosynthetic capabilities of plants and microbes, through to the understanding and delivery of sustainable, resilient and robust high-yielding crops.

These five-year strategic research programmes allow us to continue our work to understand how we can support the transition to net-zero agriculture, improve public health and mitigate the effects of climate change on food security with our research into plants and microbes.

Through these programmes JIC, our partners at the Norwich Research Park and from across the UK, can have real-world impact from our world-leading research and innovation.

Our Institute Strategic Programmes are:

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SCIENCE HIGHLIGHTS

A round-up of recent research from the John Innes Centre

Finding hidden genetic treasure: study uncovers untapped diversity in historic wheat collection

A decade-long study led by Dr Simon Griffiths, group leader, and Professor Shifeng Cheng at the Agricultural Genomics Institute at Shenzhen has discovered huge genetic potential that is untapped in modern wheat varieties.

The international study reveals that at least 60% of the genetic diversity found in a historic collection of wheat is unused providing an unprecedented opportunity to improve modern wheat and sustainably feed a growing population.

The remaining diversity represents a goldmine of potential to improve modern wheat, says Dr Simon Griffiths, “This missing 60% discovered in this study is full of beneficial genes that we need to feed people sustainably.”

Fundamental discovery could revolutionise fertiliser use in farming

A new biological mechanism has been found that makes plant roots more welcoming to beneficial soil microbes. The mutation was found in a Medicago truncatula gene that reprogrammes the legume’s signalling capacity, benefitting partnerships with nitrogen-fixing bacteria and the phosphorus supplying arbuscular mycorrhiza fungi (AMF). Our researchers showed that this same gene mutation created in a calcium signalling pathway enhances endosymbiosis in farming conditions, and in wheat in the field.

“Our findings hold great potential for advancing sustainable agriculture. This mutation offers opportunities for sustainable crop production using endosymbionts, alongside reduced inorganic fertiliser use,” said Dr Myriam Charpentier, group leader.

Updated grass pea genome sequence published

An international research collaboration published a chromosome-scale reference genome of the grass pea ( Lathyrus sativus ), enabling further development of this underutilized, climate-resilient legume.

“This genome allows us to unlock the secrets of grass pea’s resilience, to further improve this crop for farmers, and inform development of other crops, such as peas,” explained Dr Peter Emmrich, Norwich Institute for Sustainable Development (NISD) and Visiting group leader at the John Innes Centre.

Improvements in genome accuracy and completeness also allow researchers to study evolutionary links between species, helping identify gene pathways that

could be used to improve the crop or to understand its remarkable drought tolerance.

Barley fine-tunes microbial root communities with sugary secretions

Different types of barley recruit distinct communities of microbes to grow around their roots by releasing a custom mix of sugars and other compounds into the soil.

Dr Jacob Malone, Group Leader, said: “These microbes help some varieties to grow but not others, suggesting that breeding cereals to recruit beneficial, growth promoting microbes may be possible in the future.”

Beneficial microbes that live on or around plant roots can provide nutrition, help the plant withstand stress, and protect it from pathogenic microbes. In return, the plant secretes a portion of the sugars it makes through photosynthesis, along with amino acids and other metabolites, into the surrounding environment.

‘Simple’ mosses and ferns offer new hope for crop protection

Mosses, liverworts, ferns and algae may offer an exciting new research frontier in the global challenge of protecting crops from the threat of disease.

These non-flowering plants, or bryophytes, are often regarded as unsophisticated compared to their flowering relatives. New research from Dr Phil Carella’s group has found that bryophytes and mosses in particular, have sophisticated immune receptors.

Using biotechnological techniques researchers have revealed that nucleotide-binding and leucine-rich repeat receptors (NLR) immune receptor domains which protect plants against pathogens are transferable between flowering and non-flowering plants. This breakthrough offers a route to practical applications for crop protection and a source of new resistance genes against pathogens.

European funding takes cell-to-cell communication research to next level

Professor Christine Faulkner, group leader, received a European Research Council (ERC) Advanced Grant to support their pioneering research into the mysteries of cell-to-cell communication.

Inspired by their investigations into the route amino acids take through plant tissues, and how they trigger responses in the cells that they pass, ACUTE (Apoplastic signalling communicates emergency responses) will allow the team to explore how a variety of molecules travel between cells, acting as information carriers in response to different stresses.

“We have proposed that the transmission of these signalling molecules is dependent on physical and measurable parameters,” said Professor Faulkner. “ACUTE aims to determine these parameters and use

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them to predict which cells and tissues will respond to different stress signals under different conditions. This way we can predict the overall impact of different stresses across the whole plant.”

European funding to investigate bacteria’s biological clocks

An international collaboration investigating the intricacies of biological clocks in bacteria has been awarded European Research Council funding.

Professor Antony Dodd, group leader, working with LMU Munich and Leiden secured an ERC Synergy Grant. The project, called MicroClock, follows discoveries by this collaboration of biological or circadian rhythms in the non-photosynthetic soil bacterium Bacillus subtilis . The knowledge that this bacterium has internal clocks, which synchronises its activities to daily cycles, opens exciting research horizons in the emerging field of ‘chronomicrobiology.’

Professor Dodd, said: “The implications of this research will be fascinating and far-reaching: bacteria make up 12 percent of life on earth, cause devastating human diseases, and are vital to soil health and crop protection. They are also central to biotechnology.”

and USA-based Arbor Biosciences, the John Innes Centre will lead on honing precision breeding techniques to adapt landraces, ancient and wild wheat varieties, to make them accessible and useful for the breeding industry.

PCGIN - the Pulse Crop Genetic Improvement Network - a consortium of four UK research organisations led by the John Innes Centre was awarded £3m over the next five years to provide improved breeding material for the cultivation of peas, beans and other pulses in the UK.

Professor Janneke Balk, group leader and co-lead of PCGIN, said: “Over the last 17 years PCGIN has made critical contributions to pea and faba bean development that are now close to being brought to market. In the new funding phase, we will expand our research to lentil and common bean, which could be grown more widely in the future as we see higher temperatures in the UK.”

PCGIN, led by the John Innes Centre, is in collaboration with the University of Reading, NIAB in Cambridge, the Institute of Biological, Environmental and Rural Sciences (IBERS) at Aberystwyth University, and PGRO, the Processors and Growers Research Organisation, Peterborough.

Major investment for doctoral students on the Norwich Research Park

The Biotechnology and Biological Sciences Research Council (BBSRC) awarded the John Innes Centre a Doctoral Landscape Award, partnered with the University of East Anglia, The Sainsbury Laboratory, the Quadram Institute and the Earlham Institute. These awards support discovery-driven research at universities across the UK to train the next generation of scientists.

Doctoral students will develop their skills and experience across a four-year PhD studentship, with an integrated three-month Professional Internship for PhD Students (PIPS) working on a topic that does not directly relate to their PhD project, to explore future career options.

Defra funding supports two crop improvement networks

Defra has awarded funding to continue the development of climate resilient legume crops and precision bred wheat fit for the future of food.

WGIN - the Wheat Genetic Improvement Network - aims to generate pre-breeding material carrying novel traits for UK wheat breeding companies, delivering accessible technologies to support breeders and growers. The aim is to deliver wheat that is more nutritious, disease resistant, and better able to withstand drought, salinity and slugs in an everchanging climate.

As part of a new five-year project, led by Rothamsted Research, with collaborators Bristol Genomics Facility

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Understanding, valuing and celebrating Neurodiversity

Dr Clare Stevenson and Leah Milner-Campbell led an innovative BBSRC-funded project, cultivating a Neuroinclusive environment for staff and students.

Unlocking Nature’s Diversity is the Institute’s ethos. Neurodiversity adds value to social environments in the same way that biodiversity enriches our ecosystems. The unique insights Neurodivergent individuals can bring to a research environment include innovative problem solving, excellent pattern recognition, and increased spatial thinking.

Dr Stevenson, Head of Science Coordination and Research Culture, highlighted: “We all bring our own strengths to a team. When everyone has the psychological safety and trust to bring their real self to work, it makes us all stronger.”

Neurodivergent profiles include Autism, ADHD, and dyslexia. More than 20% of the population are Neurodivergent, meaning their cognition differs from what is considered ‘Neurotypical’ in society.

Following an Accessibility Advocates group seminar on Neurodiversity in 2022, Dr Stevenson was awarded a BBSRC Connecting Cultures grant with the aim of establishing Neuroinclusive best practice principles for research institutes, and to share learning with other BBSRC institutions.

OUR IMPACT

JIC has made significant contributions to the UK economy and its position as a global leader in science, knowledge, and innovation.

Neuroinclusive building blocks

To foster an inclusive environment, and to value diverse ways of thinking, the project focussed on training, awareness raising, and building networks, Neurodiversity project officer, Leah Milner-Campbell, has created bespoke e-learning modules, an accessible and impactful learning experience that resonates within research environments.

Leah said: “We have a way to go to make the world fair and equitable, but by embedding structural change and shifting perspectives away from a Neurotypical lens, we can create a research environment where Neurodivergent individuals can thrive.”

So far more than 600 people have engaged with the e- learning, from every BBSRC-supported institute as well as colleagues at BBSRC head office, and bespoke training sessions for Neurodivergent individuals, allies, and managers have been delivered in person at seven BBSRC-funded institutes.

Dr Lionel Hill, metabolite service manager said “Taking part in the Neurodiversity e-learning was one of the most emotional and rewarding things I’ve done at the John Innes Centre. It emphasised that we value one another with all our differences. My challenges aren’t half as challenging when I’m among friends.”

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OUR PEOPLE

AWARDS & HONOURS

Professor Graham Moore and Professor Saskia Hogenhout elected as Fellows of the Royal Society

Professor Graham Moore, Director, and Professor Saskia Hogenhout, group leader, have been elected as Fellows to the Royal Society. Fellows are leaders in their field, and election recognises their invaluable scientific contributions.

Professor Moore has made outstanding contributions to wheat research, which have provided insight into the pairing and crossover control between related wheat chromosomes. Professor Hogenhout has pioneered research on the functional characterisation of virulence factors from non-culturable bacteria and interactions of sap-feeding insect vectors with plants.

Professor Diane Saunders awarded an OBE

Professor Diane Saunders, group leader and Head of the Crop Genetics department, was recognised for her outstanding scientific achievements and dedication to women in STEM with the honour of Officer of the Order of the British Empire (OBE) in the King’s Birthday Honours 2024.

Professor Saunders said: “It is a phenomenal honour to be recognised in this way, and really this recognition reflects the remarkable research accomplishments and dedication of each and every person who has worked in the incredible team that I have the privilege to lead at the John Innes Centre.”

Dr Simon Griffiths honoured by the Royal Agricultural Society of England

Dr Simon Griffiths, group leader and lead for the Delivering Sustainable Wheat Institute Strategic Programme (ISP), won the 2024 Royal Agricultural Society of England (RASE) award for Science and Technology.

This award recognised his exceptional support for crop breeders and farmers, and his outstanding contributions to the agricultural industry, including his work on the ancient Watkins wheat seed collection.

Dr Griffiths said: “I was particularly pleased to be nominated for this award by the breeding company Limagrain. We should be proud of the partnerships we have forged with industry and the fact that leading companies are putting their faith and resources into our research.”

Professor Noel Ellis awarded Mendel Memorial Medal

In March 2025, Professor Noel Ellis was awarded the Mendel Memorial Medal – a prestigious annual accolade given by the Mendelianum, part of the Moravian Museum in Brno. The medal is awarded to an individual who has made an outstanding contribution to the scientific and cultural legacy of the ‘Father of Genetics’, Gregor Mendel.

Professor Ellis is a senior affiliated scientist with a 36year association with the John Innes Centre. He said: “I am delighted to receive this prestigious award. The work this award recognises is both biological and historical. The medal celebrates the work of a truly great scientist who is an inspiration for future generations.”

Professor Martin Howard elected to EMBO Membership

Professor Martin Howard, group leader, has been elected as a member of the prestigious European Molecular Biology Organisation (EMBO) in its 60th anniversary year. His group combines predictive mathematical modelling with long-term experimental collaborations, to dissect biological mechanisms too complex to unravel by experiments alone.

Professor Howard said: “It is a great honour and privilege to be elected as a member of EMBO. It is particularly pleasing that the heavily interdisciplinary work of my group, applying theoretical tools from physics and mathematics to basic biology, is being recognised.”

NEW APPOINTMENTS & FELLOWSHIPS

Professor Cristobal Uauy appointed Director of the John Innes Centre

Following an international search, Professor Cristobal Uauy has been appointed as the next Director of the John Innes Centre.

Professor Uauy is internationally recognised for his significant contribution to the development of resources and tools available to the wheat research community which allow for the rapid identification of genes for key traits. His research has identified important genes for improved yield, quality and disease resistance.

The Director-designate of the John Innes Centre said: “I am delighted and deeply honoured to take on the directorship of the John Innes Centre at such an exciting time, as we progress our vision for Healthy Plants, Healthy People, Healthy Planet .

“I’m passionate about the John Innes Centre’s mission which is rooted in its unique blend of interdisciplinary

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science and I am looking forward to working closely with colleagues to continue to build on our strength in discovery-led research, as well as applying our knowledge for the benefit of humanity and the environment.”

Lucia Carter, executive assistant to the Director

Joining the institute in May 2024, Lucia enables the Directorate’s office to run smoothly. Whether it is coordinating Committees, managing projects, organising events such as JIC-all, or supporting highprofile visits, Lucia ensures the Director and the Chair of Governing Council are fully supported.

Royal Society Fellowship – Dr Chris Morgan

Dr Chris Morgan, group leader, was awarded a prestigious eight-year Royal Society University Research Fellowship to carry forward his exciting investigations into the mysteries of meiosis, the cell division process in which sex cells – sperm and eggs in humans, pollen and egg cells in plants – are produced.

KEY PERFORMANCE INDICATORS

JIC’s key performance indicators are:

Details of science achievements and recruitment in the year are provided in the sections above.

Details of grant submissions, success rates, research income and reserves are provided in the Financial Review.

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FUTURE PLANS

The next 12 months will be an exciting period for us, as a new Director takes post, an innovative Scientific Strategy is unveiled and a series of targeted recruitment and building plans help us create the expertise and infrastructure to deliver these ambitious new plans.

Welcoming our new Director

In September 2025 we will welcome our new Director, Professor Cristobal Uauy, an internationally recognised wheat researcher, whose research has identified important genes for improving yield, quality and disease resistance in crops. He takes on the role as we continue to develop ambitious plans to deliver Healthy – Plants, Healthy People, Healthy Planet (HP3) our joint scientific vision with The Sainsbury Laboratory.

Launching an ambitious new Scientific Strategy

refurbishment of existing, horticulture infrastructure will modernise our plant growth facilities, and construction of new state of the art glasshouses and insectary building will begin.

We will build on the progress made in raising over £365m from Government and private sources to date, with a major capital fundraising campaign aiming to raise the final £35m of our infrastructure programme to provide the state-of-the-art facilities planned.

Finally, a major project to refresh how we work with partners to create the best possible environment for plant and microbial science has begun. Bringing people together to strengthen and amplify the impact of UK plant and microbial science is fundamental to our success. We will work to widen the HP3 vision across the Norwich Research Park, creating a shared purpose as we work on new, cross-cutting and collaborative research.

Over the last year, Professor Uauy worked with staff to develop a new Scientific Strategy, which will launch in the coming year. It identifies the major research questions we’ll be tackling in the next ten years, and is focused on how plants and their associated microbes are likely to respond to the challenges posed by a changing climate, and the need for more sustainable farming practices.

This refined strategic direction will feed into the midterm review of our strategic BBSRC strategic funding, guiding our assessment of progress and future plans to ensure we continue delivering world-class, strategically aligned research with clear value and impact.

Recruiting new Group Leaders with the expertise needed to deliver our strategy

To help deliver our new strategy, we will undertake a targeted recruitment drive to bring in new Group Leaders in strategic areas such as discovery plant science, plant-insect interactions, and plant associated microbial interactions. This will build our research capacity and expertise in new areas to deliver our strategy.

Creating a world-leading Plant and Microbial Innovation Hub

As our ambitious plan to deliver a Plant & Microbial Innovation Hub progress, we are set to make several major steps forward in the coming year, alongside our partner The Sainsbury Laboratory.

Currently our Next Generation Infrastructure programme focusses on renewing our plant growth facilities and insectary, with work progressing at pace to the south of our campus. Construction of new, and

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FINANCIAL REVIEW

Income

Total income for the year was £78.8m (2024: £74.4m). The increase in the year was due to additional BBSRC strategic and capital grant funding. Income excluding capital funds was £46.0m (£45.3m).

An analysis of grant income by principal sponsor is included in the notes to the financial statements. JIC’s principal sponsor is the Biotechnology and Biological Sciences Research Council (BBSRC), which contributed 77% of total income (2024: 79%). Other major sources of funding were other UK Government departments, the European Union and charitable organisations.

During the year, JIC researchers submitted grant proposals with a sponsor value of £50.2m (2024: £51.2m) and were awarded grants with a value of £18.3m (2024: £22.7m). The success rate for grant awards in the year was 36% by value (2024: 43%).

Expenditure

Expenditure for the year amounted to £54.0m (2024: £52.8m). Staff costs accounted for £17.9m (33%) (2024: £17.1m; 32%) of expenditure.

Fundraising

JIC did not carry out any significant public fundraising activities in the year.

Net Movement in Reserves

JIC recorded a net increase in unrestricted reserves of £1.8m (2024: decrease of 1.6m). Restricted reserves increased by £22.9m (2024: £23.2m) principally due to £32.7m of capital funding (2024: £30.4m).

Subsidiaries and Associated Parties

Subsidiary companies contributed an operating profit of £151k (2024: £38k), while JIC’s share of associates’ results was a loss of £54k (2024: £127k). The share of associates’ results in the year relates to JIC’s 33% interest in Plant Bioscience Limited.

Capital Expenditure

Capital expenditure in the year was £38.9m (2024: £16.8m). Investment has continued from the previous year in state-of-the-art scientific equipment, energyefficient plant infrastructure and enhanced plant growth facilities.

Cash

Group cash at 31 March 2025 was £44.1m (2024: £48.3m). JIC deposits its cash with UK registered financial institutions that meet its credit rating policy, subject to agreed counter-party limits. Investment income from cash deposits in the year was £2,046k (2024: £1,486k), up on last year due to higher deposit rates.

Reserves Position

Total group reserves increased by £24.7m in the year to £150.8m (2024: £21.6m to £126.1m).

Restricted reserves increased by £22.9m to £125.8m. Reserves of £18.2m relate to restricted designated capital reserves in connection with funding received from BBSRC to be used for future capital projects. The remaining £107.6m of restricted reserves relate to the value of fixed assets funded by grants.

Unrestricted reserves increased by £1.8m in the year to £25.0m (2024: decreased by £1.6m to £23.2m). Reserves of £13.5m relate to unrestricted designated reserves for planned capital and strategic investments. The remaining unrestricted reserves include general reserves of £6.3m and fixed assets reserves of £5.2m.

Reserves Policy

JIC’s reserves are held to support financial solvency, manage uncertainty and fund future activities. The level of reserves required by JIC is therefore determined by reference to:

Unrestricted reserves that have been designated by the Governing Council for specific purposes are shown in separate designated reserves. At March 2025, £13.5m of unrestricted reserves were designated for planned capital and strategic investments (2024: £10.9m).

General unrestricted reserves at March 2025 were £6.3m, above the minimum general reserves target of £6.0m set by the Governing Council.

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Going Concern

The financial statements have been prepared on a going concern basis which the trustees consider to be appropriate for the following reasons:

The trustees have prepared cash flow forecasts for the period to March 2028 which indicate that, taking account of reasonable possible downsides and the potential impact of inflation on the operations and its financial resources, the Institute will have sufficient funds to meet is liabilities as they fall due for that period.

The Institute is reliant on its strategic programme funding from BBSRC, which was £14.6m in the year (2024: £14.6m). BBSRC has confirmed strategic funding of £14.6m for the year to March 2026 and in principle funding at this level for the 2 years to March 2028.

The Institute has prepared income, reserves and cash flow forecasts to March 2028. The forecasts indicate that the Institute will have significant cash headroom over the period.

The assessment has included consideration of the NGI project, and in particular, funding, cash flows and the programmes wider risks.

Consequently, the trustees are confident that the Institute will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

Accelerated Depreciation

The Next Generation Infrastructure (NGI) programme results in the replacement of several buildings. The useful lives of these assets have been reviewed based upon the latest NGI timetable. The depreciation of these assets has been accelerated to depreciate them to nil over their estimated remaining useful lives.

The effect of this to increase the depreciation charge on those assets. The additional depreciation in the current year is £2.0m (2024: £3.5m).

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STAKEHOLDER ENGAGEMENT – SECTION 172 STATEMENT

The Trustee Directors consider that the decisions they have made during the financial year have satisfied the requirements of s172(1) of the Companies Act 2006 and that they have acted in good faith to promote the success of JIC as a whole, and in doing so having regard to the stakeholders and matters outlined in s172(1).

The Governing Council has the ultimate responsibility for the strategy of JIC and delivery of its charitable objectives. The table below sets out JIC’s most significant stakeholders, why they are considered important and how the Institute engages.

Stakeholders Why they are important Why they are important How we engage with them
Our staff and
students		 We are committed to providing a supportive,
inspirational and dynamic environment for our
staff and students to meet future scientific and
During the year, regular communications to
employees have been provided on matters
affecting them, including factors affecting the
societal challenges. Charity’s progress, and have been consulted on
We value the diversity of our staff, and are
committed to the creation of a positive		 decisions that impact them.
In 2024/25 JIC created and rolled out the first
environment which is fair, welcoming and tailored neurodiversity training for the UK
inclusive and where everyone is treated with research environment. In just three months, more
dignity and respect. than 600 people across BBSRC Institutes
We are committed to the development of all
our staff and students and providing equal		 engaged with the e-learning course, with a further
170 staff trained in person at seven institutes.
opportunities that encourage flexible working, All groups of staff and students have
career development and work-life balance. representation on the Inclusivity & Diversity
Committee that meets 4 times a year to ensure
an inclusive research culture.
Students’ progress is monitored on a regular
basis and employees undertake an annual
appraisal where their training needs, work-life
balance and career development are discussed.
Our members JIC’s corporate members are UK Research The Members each nominate one Governing
and Innovation (UKRI); John Innes Foundation
Council member and appoint one “observer” to
(JIF); and the University of East Anglia (UEA).
attend Governing Council meetings, enabling
Our members are key strategic partners that them to participate in key decisions.
oversee our delivery against charitable
objectives.
Norwich
Research Park		 JIC is one of 4 independent, world-class
research institutes based at the Norwich
Research Park. The Institutes work closely
together to create a unique centre of
excellence in plant and microbial sciences, big
data science and genomics, and food and
health.
The Institute Directors of the 4 institutes meet
regularly to discuss common strategic and
operational matters.
JIC, the other Institutes, UKRI, UEA, JIF and the
N&NU Hospital Trust are members of Anglia
Innovation Partnership LLP, an organisation
established to promote collaborative solutions to
global challenges in food and health.
UK Research
and Innovation		 JIC is strategically funded, along with 7 other
institutes, by the Biotechnology and Biological		 UKRI nominates a Governing Council member
and appoints an “observer” to attend Governing
Sciences Research Council (BBSRC), part of Council meetings.
UKRI. BBSRC supports JIC via strategic 5-
year funding programmes, competitively won
project grants and capital funding for
infrastructure and technology investments.		 JIC holds regular meetings with BBSRC to review
and progress of the Institute's mission and
science programmes, including strategic and
financial plans.
Research
partners		 JIC is an international centre of plant and
microbial research. Our success is built on our
collaborations and our international outlook.
An extensive programme of engagement with our
new collaborative vision, Healthy Plants, Healthy
People, Healthy Planet (HP3) is ongoing and
JIC is home to a range of state-of-the-art
facilities and technology platforms to support
scientists across the UK.		 involves discussion, input and views from
stakeholders from industry, government and
research partners, locally, nationally and
internationally. JIC has strategic partnerships
with research and academic institutions in the UK
and worldwide, including Europe, China, Africa,
Brazil and India.

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Industry JIC works closely with industry and the private
JIC maintains a dialogue with industry, with
sector to provide access to our capabilities, regular consultations and knowledge exchange.
and to deliver sophisticated interdisciplinary
research and product development at pace.		 JIC supports industry through collaborative and
sponsored research and access to its facilities
and platform services. JIC is proactive in
identifying and responding to industry need.
JIC protects its innovations and promotes their
commercialisation and adoption by Industry.
JIC actively supports policy development in areas
relevant to industry and researchers, including
recently taking a leading role in shaping the UK
Genetic Technology (Precision Breeding)
Regulations by providing expert advice and
evidence.”.
Community &
the
environment		 Public views are at the heart of our research
strategy and engaging with the public is an
important part of our mission statement.		 JIC staff and students are trained in public
engagement and communications and are
supported to attend events, use digital media and
to discuss and engage the public with our
research.
JIC hosts and attends community events –
online, locally and nationally, to showcase,
debate and discuss the nature of our research.
JIC scientists are engaged in policy discussions
at a national level surrounding the use of genetic
technologies for crop improvement.
JIC is investing heavily in more energy efficient
facilities to reduce utilities consumption and
waste.
Suppliers JIC seeks to maintain and develop strong, JIC holds regular meetings with suppliers about
open, collaborative relationships with our purchasing relationships and ethical behaviours
supply chain. such as adherence to Modern Slavery principles.

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RISK ASSESSMENT AND MANAGEMENT

Governing Council is responsible for ensuring there are effective and adequate risk management and internal control systems in place and confirm that the major risks to which the Institute is exposed have been reviewed and procedures established to manage those risks. The Audit Committee agrees an annual risk-based internal audit plan which covers major risks identified by management and trustees. It receives reports from internal auditors on the effectiveness of internal controls, progress against the internal audit plan and progress on recommendations made in reports. Governing Council reviews a full risk report annually, including a ‘heat map’ tracking major risks. The Science and Impact Advisory Board (SIAB) assess the science quality and vision section of the risk register.

Principal risks and uncertainties

Risk area Description of Risk Management of Risk
BBSRC BBSRC strategic funding is reduced Regular monitoring of scientific performance, including
research
funding		 as a result of poor performance or
public sector spending pressures.		 consideration from the Science and Impact Advisory Board.
Regular engagement with BBSRC to report performance and
JIC is too reliant on BBSRC strategic
and grant funding		 ensure strategic alignment of research programmes.
Monitoring of performance of grant submissions.
Funding opportunities for other research bodies and charities
regularly communicated to Group Leaders.
Philanthropic Fundraising strategy being developed to support
NGI plus strategic research activity.
Science The focus of science programmes, or The Science Impact and Advisory Board, comprising
direction and balance between discovery and independent international experts, regularly reviews the
quality translational science, does not meet development of strategic programmes and JIC impact.
funders' or stakeholders’ expectations. The executive Research Committee reviews scientific areas of
JIC fails to deliver the world-leading excellence and horizon scans to identify strategically
science important scientific areas and opportunities.
Staff JIC is unable to retain or attract Strategy and action plans in place, overseen by JIC People &
retention and
recruitment		 suitably skilled staff to enable it to
sustain its scientific performance.		 Culture Committee.
Career development programmes in place to support high
In addition to scientific impact, this risk potential staff.
area could also have an impact on the
level of funding the institute is able to
attract.		 Recruitment strategy and processes in place, including
attractive support arrangements.
Cost Increased energy prices divert Energy-saving opportunities are actively targeted and
**pressures ** resources from science to investment cases developed, aligned to net zero carbon
infrastructure costs, resulting in a strategic planning.
reduction in research activity and
impact.		 The impact of cost inflation is regularly discussed with funders
with a view to mitigating the impact on research.
High inflation increases research and
support costs, resulting in a reduction
in research activity and impact.
Next Cost pressures mean that the agreed Dedicated programme team recruited, supported by JIC staff
Generation scope cannot be delivered and professional consultants
Infrastructure
Programme
Insufficient additional funding raised
Vision for NGI Hub not sufficiently
defined or communicated		 Governance structure for programme implemented, led by
Programme Board and supported by external assurance
Workstreams established to define Hub vision, engage with
Buildings design do not reflect future
science requirements or Hub vision		 external stakeholders and deliver business change
Building design engagement groups established
Building works significantly disrupt
science activity during construction
Project does not achieve Net Zero		 Strategy developed to deliver Net Zero Carbon ambition
Fundraising plan being developed
Carbon ambition
Technology JIC is unable to keep pace with 5-year investment plan developed.
investment developments in technology
underpinning its science.		 Funding opportunities identified and pursued for technology
investments.
Major site A major incident disrupts scientific Business Continuity and Disaster recovery plans in place and
incident research programmes or tested periodically.
administrative systems. Review of compliance with health & safety and relevant
regulations from government agencies and internal auditors.
Insurance arrangements in place.

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisation and governance

JIC is incorporated in England and Wales and is a company limited by guarantee (registered number 00511709) and a registered charity (number 223852). JIC is governed by its Memorandum and Articles of Association, adopted 27 September 2011.

Governing Council (Board of Trustees)

The Governing Council comprises of at least the Chair, three science and three non-science trustees. The trustees who served during the year and up to the date of signing these financial statements were as follows:

Members

The Members of JIC are:

The Members have the right to nominate one governing council member and appoint one “observer” to attend meetings. Details of member appointments are shown in the table below. The Members are all guarantors of JIC, a company limited by guarantee and a registered charity, of an amount not exceeding £1, and for a year after resignation.

Trustees Appointment status Role Changes during period
At date of Annual Report:
Sir T Hughes-Hallett Independent Chair -
Prof N J Talbot Independent Science -
Prof J P Armitage BBSRC appointment Science -
Mr C Maw Independent Non-Science -
Dr J D McCafferty Independent Non-Science -
Prof J M Hibberd Independent Science -
Mr W B Kendall JIF appointment Non-Science -
Prof J A Langdale Independent Science Appointed 9 May 2024
Ms S Sands Independent Non-Science Appointed 17 October 2024
Prof R A Field UEA Appointment Science Appointed 8 May 2025
Served during the year:
Mr J H Innes Independent Non-science Resigned 9 May 2024
DR C A Caulcott Independent Science Resigned 8 May 2025
Prof M Searcey UEA appointment Science Resigned 8 May 2025

The Governing Council has the ultimate responsibility for the strategy of JIC. Strategy is developed under advice from the Science Impact and Advisory Board (SIAB) and JIC Executive Group.

The Governing Council is supported by an Audit Committee to oversee financial management and risk, and a Remuneration and Nominations Committee to consider senior staff remuneration. The full Governing Council meets five times a year, the Audit Committee four times a year and the Remuneration and Nominations Committee at least once a year and otherwise as required.

The Governing Council is also supported by a Science and Impact Advisory Board which comprises international experts in science and application of science, chaired in the year by Prof Judith Armitage. SIAB is responsible for providing strategic and scientific advice to the Director of JIC and the Governing Council on issues relevant to JIC’s Mission and Science Programme. This includes ensuring that JIC Science Programme maximises JIC’s potential for knowledge

transfer, outreach and engagement with research users, stakeholders and the general public in addition to helping in the identification and development of new scientific funding opportunities to support the development of JIC Science Programmes.

Recruitment, induction and training of Trustees

Governing Council vacancies are advertised as necessary. The Institute will also approach individuals thought to have the right skills.

New Governing Council members are invited to spend time with members of the senior management team. This is a chance to learn about the Institute and identify opportunities to get more involved with JIC’s work.

In addition to the five formal meetings, all trustees receive regular presentations from JIC’s scientists and briefings on key issues facing the organisation.

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Trustee assessment

In keeping with an effective governance framework, in Autumn 2023, we introduced reviews for Trustee Directors and the Chair. The process of selfassessment, feedback and discussion of priorities and any development needs will ensure that we fully utilise each Trustee Director’s skills and successfully deliver as a board.

Trustee remuneration

None of the trustees received any remuneration in the year in respect of their role as trustee directors.

Key Management Personnel

The trustees delegate management of the day to day activities of the charitable company to the Director of the Institute and the Executive Group.

Executive Group

JIC’s Executive Group advises the Director at strategic and operational levels on major issues that affect the Institute with respect to research, appointments, new initiatives, Business Plan and infrastructure, particularly where such issues involve more than one of these areas.

Its membership is as follows:

Executive Group is supported by a number of other executive committees and groups including: Research Committee; Scientific Resources Committee; People & Culture Committee; and Appointments Committee.

Employees

JIC is a dynamic, multinational community of about 400 scientists and post graduate students. JIC’s reputation for scientific excellence is international and it attracts some of the best scientists and brightest students internationally. JIC is committed to the training of the next generation of scientists. Activities include an undergraduate summer school (jointly with TSL and Earlham Institute) that gives students the unique opportunity to spend the summer on site. There are two different routes to a PhD: the prestigious rotation studentships and the NRP Doctoral Training Programme. We host Postdoctoral scientists and independent Fellows from around the world.

Equality and Diversity

It is the Charity’s policy to provide equal opportunities to job applicants and employees of any race, nationality, ethnic origin, marital status, religion or belief, gender, disability, sexual orientation, age or employment status. The Charity does not condone or tolerate any form of discrimination in its recruitment or employment practices. All employees and applicants are treated on merit, fairly, with respect and dignity, recognised as individuals and valued for the contribution they make, provided fair and equal access to training, development, reward and progression opportunities and are accountable for the impact of their own behaviour and actions. All the Charity’s policies follow these principles.

JIC is aware of its statutory duty to support the employment of disabled persons where possible, both in recruitment and by retention of employees who become disabled whilst in the employment of the charitable company, as well as generally through training and career development.

During the year, regular communications to employees have been provided on matters affecting them, including factors affecting the Charity’s progress, and they have been consulted on decisions affecting them.

Culture champions

JIC’s ability to attract the best researchers and students internationally creates a vibrant, dynamic and intellectually nurturing environment for both training and scientific discovery and is a primary driver of our scientific effectiveness.

To support our work embedding a positive research culture at JIC, this year we launched a new trial initiative, the ‘Culture Champions’. This small group of staff support positive behaviours at work, provide an independent point of contact when any concerns arise, can signpost to other initiatives and help and will offer support to help colleagues find a positive way forward.

The Culture Champions help by supporting others, by being active bystanders and role models and by sign posting others to find the support and guidance that they need. They are informal, confidential and independent points of contact for staff.

Connecting cultures - Neurodiversity

At the John Innes Centre we value diversity and are committed to the creation of a positive environment which is fair, welcoming and inclusive: where everyone is treated with dignity and respect. Diversity, including neurodiversity is central to the success of our research and innovation endeavour.

We are leading the UKRI-BBSRC supported project, “Understanding, Valuing, and Celebrating Neurodiversity” which aims to raise the profile of neurodiverse people in research institutes, combining

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training, awareness building and networking activities, as well as sharing experiences of working with – and for – the neurodiverse community.

Athena Swan

In 2017, JIC became the first research institute to be awarded a ‘Gold’ Athena Swan award and this was successfully renewed for a further 5 years in 2023. The Athena SWAN charter recognises and celebrates good practice in recruiting, retaining and promoting women in science, technology, engineering, maths and medicine (STEMM) in higher education.

This award recognises JIC’s culture that embraces the principles of flexibility that provide for family-friendly working practices, while at the same time demonstrating a commitment to career advancement for all employees.

JIC recognises the value of a diverse workforce and, although Athena SWAN is focused on gender equality, we believe that a fair and equitable working environment is key to both a productive workforce and delivery of JIC strategy, and that initiatives put in place to address gender inequality ultimately benefit all staff. JIC is a member of Stonewall Diversity champion programme.

RELATED PARTIES

Subsidiaries

JIC’s subsidiaries in the year were as follows:

Associates

JIC’s associates in the year were as follows:

NBI Partnership Limited

JIC has a 25% interest in NBI Partnership Limited (“NBIP”). NBIP supplies support and administrative services to JIC and the three other research organisations based on the Norwich Research Park (Quadram Bioscience Institute, Earlham Institute and TSL). NBIP fully recharges its costs to the four research organisations and accordingly it generates no profit or loss.

Leaf Expression Systems Limited

JIC owns 45% of the voting share capital and at 31 March 2025 had invested £1,630k in non-voting share capital of Leaf Expression Systems Limited (“Leaf”). Leaf is a commercial research & development company specialising in the expression and production of proteins, metabolites and complex natural products. Since August 2024 Leaf Expression Systems Limited has been in liquidation.

BBSRC

BBSRC is a member of the charitable company. JIC is strategically funded, along with seven other institutes, by BBSRC. BBSRC supports JIC via strategic 5-year funding programmes, competitively won project grants and capital funding for infrastructure and technology investments.

BBSRC is part of UK Research and Innovation (UKRI), an organisation that brings together the UK’s seven research councils.

John Innes Foundation

The John Innes Foundation (“JIF”) is a member of the charitable company. JIC occupies land and buildings which are owned by JIF, with the principal research buildings leased at a peppercorn rent. In addition, JIF also sponsors the training of a number of students. Studentship grants in the year were £633k (2024: £533k). Further details are provided in note 22 to the financial statements.

University of East Anglia

University of East Anglia (“UEA”) is a member of the charitable company. The majority of PhD students at JIC are registered with UEA.

Anglia Innovation Partnership LLP

JIC is a member of Anglia Innovation Partnership LLP through its 100% subsidiary, JIC NRP Capital Limited. Anglia Innovation Partnership LLP is responsible for the management and development of the Norwich Research Park (NRP) estate and for the furtherance of the NRP Enterprise Vision.

JIC is entitled to receive a share of certain profits generated by Anglia Innovation Partnership LLP, however it has no liability for losses or in the event of insolvency. Anglia Innovation Partnership LLP has not yet generated any realised profits.

Plant Bioscience Limited

JIC owns one third of the share capital of Plant Bioscience Limited (“PBL”). PBL manages the intellectual property rights of the charitable company and other organisations.

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ENERGY AND CARBON REPORTING

GHG emissions and energy use data Units
2024/25
2023/24
Emissions from combustion of gas (scope 1) tCO2e
11,933
11,770
tCO2e
123
215
tCO2e
30
26
tCO2e
858
1,159
tCO2e
1,686
2,135
tCO2e
76
100
tCO2e
3.34
4.80
Emissions from other sources i.e. refrigerants (scope 1)
Emissions from combustion of fuel for transport purposes (scope 1)

Emissions from purchase of electricity (scope 2) - Location based grid
factors
Emissions from purchase of electricity (scope 2) – Market based method
(voluntary-not summed)
Emissions from generation of electricity consumed in a transmission and
distribution system which the company does not own or control (scope 3)
Emissions from business travel in rental cars or employee-owned
vehicles, where company is responsible for purchasing fuel (scope 3)
Total gross CO2e based on above tCO2e
13,023
13,275
Energy consumption used to calculate above emissions kWh
69,156,191
70,057,630
Intensity Metric m2
38,065
39,997
tCO2/m2
0.342
0.332
Intensity Ratio

Methodology

JIC have followed the 2019 HM Government Environmental Reporting Guidelines. Emissions factors used are tonnes of CO2 equivalent and data has been calculated using the 2024 UK Government's Conversion Factors for Company Reporting (DEFRA). Scope 1 emissions relate to on-site gas usage and emissions from Company owned vehicles and refrigerant emissions. Scope 2 emissions relate to onsite imported electricity usage. Scope 3 SECR emissions relate to grey fleet, electricity transmissions and distribution losses as required by the regulations. The primary source for calculating energy consumption is supplier invoices. Where energy data is not in line with the financial year, a pro rata calculation has been used to estimate the usage for the remainder of the reporting period. Electricity is supplied to other companies on site, their consumption is monitored using sub meters and deducted from total site usage to provide us with JIC consumption.

JIC operate 3 combined heat and power (CHP) engines. For 2024/25 financial year, all the gas used in the CHP is being reported as this is under JIC’s operational control, power and heat are supplied to other companies on site. JIC has continued the journey to quantify scope 3 emissions. Since 2022 this has grown to include: Category 5 - Waste generated in operations Category 3 - Fuel and energy related activities for ‘well to tank’ data, also third-party tenant energy usage. Category 1 - Purchased goods and services has been included, analysing the top 99% of spend.

Category 6 - Business travel using spend methodology, emissions factors are sourced from the Exiobase EEIO database for GHG emissions in tCO2e per EUR spent. Business travel mainly includes flights, rail, taxis and overnight accommodation. Remaining emission factors have been sourced from the 2024 DEFRA factors.

Energy consumption

CHP engines use gas to generate heat and power on site. In 2024/25 more gas (2.3%) was consumed than the previous year, consequently resulting in more electricity being generated (0.3%). A change in accounting methodology, in line with the GHG Protocol, now treats CHP gas consumption as a Scope 1 emissions source within JIC’s control as the generator, rather than a source from third-party electricity use (Scope 3). This has increased Scope 1 emissions but decreased Scope 3 emissions. Scope 2 emissions have also decreased due to other energy savings across site, namely a reduction in Horticultural Services use.

Energy management

JIC have continued their focus on operational efficiency and improvements during the last year and have continued to be committed to responsible energy consumption.

During the financial year, JIC have continued to focus on improving energy management and have focussed on the following areas:

JIC have also conducted a site wide energy review in collaboration with NBIP, which identified opportunities to improve energy efficiency via procurement, energy reduction, building design and an increase in onsite energy generation.

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STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES OF JOHN INNES CENTRE IN RESPECT OF THE TRUSTEES’ ANNUAL REPORT AND THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law they are required to prepare the group and parent company financial statements in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland .

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and charitable company and of the group’s excess of income over expenditure for that period. In preparing each of the group and charitable company financial statements, the trustees are required to:

Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Insurance disclosure

The Institute maintains liability insurance for its trustees, with an annual aggregate cover limit for all claims against them in that capacity. The trustees have also been granted a qualifying third-party provision under section 233 of Companies Act 2006. Neither the Institute's indemnity nor insurance provides cover in the event of a trustee being proven to have acted fraudulently or dishonestly.

Public benefit

The trustees are satisfied they have complied with their duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charities Commission. Based on this guidance, and as described in this trustees’ report, the trustees believe the activities of JIC to be charitable in nature.

Disclosure of information to auditor

The trustees confirm that:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that its financial statements comply with the Companies Act 2006. They are responsible for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error, and have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the group and to prevent and detect fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website.

Independent auditor

Larking Gowen LLP have been appointed as auditors and a resolution has been passed by the Board, concerning their appointment as auditors.

Approval of the trustees’ report

The trustees’ report and strategic report were approved by Governing Council on 16 October 2025.

Sir Thomas Hughes-Hallett, Chair

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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF JOHN INNES CENTRE

Opinion

We have audited the financial statements of JIC (the ‘parent charitable company’) and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, Consolidated and Charitable Company Balances Sheets, Consolidated Statement of Cash Flows and Notes to the Accounts, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the groups and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are

considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which the audit was considered capable of detecting irregularities including fraud

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

Due to the field in which the group operates, we identified the areas most likely to have a direct material impact on the financial statements as compliance with UK tax legislation, UK accounting standards, UK charity law and the Companies Act 2006. In addition, we considered the provisions of other laws and regulations which whilst not having a direct impact on the financial statements, are fundamental to the group’s ability to operate including health and safety; employment law, and compliance with various other regulations relevant to the conduct of the group’s operations.

Our approach to identifying and assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, included the following:

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Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at:

https://www.frc.org.uk/auditorsresponsibilities

This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Anders Rasmussen FCA (Senior Statutory Auditor)

for and on behalf of Larking Gowen LLP

Chartered Accountants Statutory Auditors

5 November 2025

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FINANCIAL STATEMENTS

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2025

INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT

Unrestricted Restricted
Restricted		 Total Total
funds general funds capital funds 2025 2024
Note £000 £000 £000 £000 £000
Income
Income from charitable activities
Grant income - 35,551 - 35,551 36,608
Capital and maintenance grants - 1,938 32,734 34,672 30,432
Other charitable income 1,017 - - 1,017 1,210
Income from other trading activities
Trading income 827 - - 827 750
Rental income 315 - - 315 268
Investment income 2,062 - - 2,062 1,504
Other income 4,338 - - 4,338 3,640
Total income 2 8,559 37,489 32,734 78,782 74,412
Expenditure
Charitable activities 3 (7,243) (36,980) (8,208) (52,431) (51,278)
Raising funds 3 (478) - - (478) (454)
Trading expenditure 3 (724) - - (724) (685)
Other resources expended 3 (361) - - (361) (252)
Share of operating result of associates 12 (54) - - (54) (127)
Total expenditure (8,860) (36,980) (8,208) (54,048) (52,796)
Net income for the year (301) 509 24,526 24,734 21,616
Transfers and revaluation
Capital transfers 19 159 (207) 48 - -
Other transfers 19 1,939 (262) (1,677)
 - -
Net movement in funds for theyear 1,797 40 22,897 24,734 21,616
Funds brought forward 23,225 -
102,829		 126,054 104,438
Net movement in funds for the year 1,797 40 22,897 24,734 21,616
Funds carried forward 19 25,022 40 125,726 150,788 126,054

The Consolidated Statement of Financial Activities (“SoFA”) includes all gains and losses recognised in the year. All income and expenditure relates to continuing activities.

The notes on pages 27 to 41 form part of these financial statements.

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CONSOLIDATED AND CHARITABLE COMPANY BALANCE SHEETS AS AT 31 MARCH 2025

----- Start of picture text -----
Group Group Company Company
2025 2024 2025 2024
Note £000 £000 £000 £000
Fixed assets
Tangible assets 10 111,324 80,731 111,324 80,731
Intangible assets 11 - - - -
Investments 12 - - 1 1
Investments in associates
Share of total assets 1,581 1,675 - -
Share of total liabilities (155) (195) - -
12 1,426 1,480 - -
Total fixed assets 112,750 82,211 111,325 80,732
Current assets
Stocks 13 250 278 250 278
Debtors 14 15,342 13,059 15,436 12,960
Cash at bank and in hand 15 44,093 48,334 43,690 47,975
59,685 61,671 59,376 61,213
Current liabilities
Creditors: amounts falling due within one year 16 (21,647) (17,828) (21,669) (17,598)
Total net current assets 38,038 43,843 37,707 43,615
Total assets less current liabilities 150,788 126,054 149,032 124,347
Total net assets 18 150,788 126,054 149,032 124,347
The funds of the charity
Unrestricted funds
Fixed assets reserve 19 5,233 5,761 3,807 4,281
Designated reserves 19 13,467 10,915 13,467 10,915
General reserve 19 6,322 6,549 5,991 6,321
Total unrestricted funds 25,022 23,225 23,265 21,517
Restricted funds
General reserve 19 40 - 40 -
Fixed assets reserve 19 107,517 76,450 107,518 76,451
Designated reserves 19 18,209 26,379 18,209 26,379
Total restricted funds 125,766 102,829 125,767 102,830
Total charity funds 150,788 126,054 149,032 124,347
Total funds 19 150,788 126,054 149,032 124,347
----- End of picture text -----

A separate income and expenditure account has not been presented for JIC as this is exempted by Section 408 of the Companies Act 2006. The surplus after tax of JIC was £24,685k (2024: £21,776k).

The financial statements on pages 24 to 41 were approved by the Governing Council on 16 October 2025 and were signed on its behalf by:

Company registration number: 00511709

Sir Thomas Hughes-Hallett, Chair

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John Innes Centre | Annual Report and Accounts | March 2025

CONSOLIDATED STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2025

----- Start of picture text -----
Total Total
2025 2024
£000 £000
Cash flows from operating activities
Net movement in funds for the year 24,734 21,616
Share of operating result of associates 54 127
Net income for the year 24,788 21,743
Interest receivable (2,062) (1,504)
Depreciation and amortisation 8,208 9,827
Capital grants receivable (32,734) (29,104)
Loss/(Profit) on disposal of tangible assets 108 (6)
Decrease in stocks 28 62
(Increase) in debtors (2,283) (858)
Increase/(decrease) in creditors 3,819 (3,365)
Net cash (used in) operating activities (128) (3,205)
Cash flows from investing activities:
Interest received 2,062 1,504
Purchase of tangible assets (38,909) (16,751)
Capital grants received 32,734 29,104
Proceeds from sale of tangible assets - 14
Net cash provided by / (used in) investing activities (4,113) 13,871
Change in cash and cash equivalents in the reporting period (4,241) 10,666
Cash and cash equivalents at the beginnning of the period 48,334 37,668
Total cash and cash equivalents at the end of the year 44,093 48,334
----- End of picture text -----

The movement in net debt for the current and prior year is identical to the movements in cash flow set out above.

The notes on pages 27 to 41 form part of these financial statements.

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John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

a) Basis of preparation The group financial statements have been prepared under the historical cost convention and applicable accounting standards. They have also been prepared in accordance with Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)– (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

The principal accounting policies adopted in these financial statements, which have been consistently applied, are as follows:

b) Basis of consolidation

The consolidated financial statements incorporate the financial statements of JIC and all its subsidiary undertakings in accordance with Financial Reporting Standard (“FRS”) 102 “Accounting for Subsidiary Undertakings”, and associated entities which are accounted for using the equity method. Associates are entities over which JIC has significant influence but not control. Under the equity method, the investment is initially recognised at cost, and the carrying amount is increased or decreased to recognise JIC's share of the profit or loss of the associate after the date of acquisition. JIC's share of post-acquisition operating result is recognised in the statement of financial activities. Determination is made at each balance sheet date whether there is any evidence that the investment in the associate is impaired. If this is the case, the amount of impairment is calculated as the difference between the recoverable amount of the associate and its carrying value, and this amount is recognised adjacent to share of operating result of associates in the statement of financial activities.

JIC is one of four members of NBI Partnership Limited (“NBIP”). The group accounts for NBIP as an associate, although in practice the company makes no profit or loss and has net assets of £nil, therefore has no impact on the Group financial statements.

The financial statements of all group undertakings and associates are made up to 31 March 2025.

A separate income and expenditure account has not been presented for JIC as this is exempted by Section 408 of the Companies Act 2006. The surplus of JIC was £24,685k (2024: £21,776k).

c) Going concern

The trustees have prepared cash flow forecasts for the period to March 2028 which indicate that, taking account of reasonable possible downsides and the potential impact of inflation on the operations and its financial resources, the Institute will have sufficient funds to meet its liabilities as they fall due for that period.

The Institute is reliant on its strategic programme funding from BBSRC, which was £14.6m in the year (2024: £14.6m). BBSRC has confirmed strategic funding of £14.6m for the year to March 2026 and the Institute expects its strategic programme funding to continue at this level for the 2 years to March 2028.

The Institute has prepared income, reserves and cash flow forecasts to March 2028. The forecasts indicate that the Institute will have significant cash headroom over the period..

The assessment has included consideration of the NGI project, and in particular, funding, cash flows and the programmes wider risks.

Consequently, the trustees are confident that the Institute will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.

d) Income

Charitable grant income represents grants received and receivable in the year from outside granting bodies.

Grants that provide core funding are recognised in the year in which entitlement passes. Grant funding received to train students and undertake research, is recognised in the year in which the obligation is fulfilled. Grant funding is released to match expenditure incurred during the year together with any related contributions towards overhead costs.

Other charitable income represents non-grant revenue from providing scientific research services to other academic institutions and other services. Revenue is recognised in the year in which the obligation is fulfilled.

Trading income, which includes rent, other letting income and other income, relates to the non-charitable services undertaken by John Innes Enterprises Limited, subsidiary company of JIC, and is recognised in accordance with the terms of the contracts entered into, reflecting the point at which the obligations of the companies have been satisfied.

Investment income relates to interest receivable from treasury deposits and related party loans. The interest is recognised in the year in which it is earnt.

Other income includes site infrastructure charges, UEA tuition fee income and miscellaneous income. Revenue is recognised in the year in which the obligation is fulfilled.

Capital grants are recognised when entitlement passes, which is typically on receipt. Where capital funding includes terms and conditions that must be met before there is unconditional entitlement, the grant income is recognised as those conditions are met, which usually results in capital funding being recognised to match the capital costs incurred.

e) Expenditure

Charitable activity expenditure represents the full cost of the research performed. It includes the cost of direct staff, consumable stocks and indirect costs apportioned on the basis of use.

Raising funds represents the cost of obtaining funds for research. The cost of obtaining funds includes an estimate of the time/salary cost of project leaders preparing and reviewing grant application forms.

Governance costs represent the necessary cost of compliance with statutory and constitutional requirements and any other costs which are not direct charitable expenditure.

Support costs have been allocated to charitable activity expenditure, costs of generating funds and governance costs based upon activity or headcount as indicated in note 4 to the financial statements.

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John Innes Centre | Annual Report and Accounts | March 2025

Other expenditure relates to expenditure maintaining capital assets that does not meet the capitalisation policy.

Trading expenditure relates to the costs of undertaking the non-charitable services performed by subsidiary companies of JIC and is recognised in the period in which it is incurred.

f) Restricted funds Where research at JIC is funded by grants with conditions attached to them, these are shown as restricted. Capital grants received and receivable together with other restricted funds received and receivable and used to purchase tangible assets are included within restricted funds.

From April 2018 the strategic programme grants from the UK Research and Innovation - Biotechnology and Biological Sciences Research Council (“BBSRC”) are shown as restricted.

A restricted fixed assets reserve has been established representing the net book value of fixed assets purchased from capital grants.

Restricted reserves include a designated capital reserve of £18,209k (2024: £26,379k) in connection with funding received from BBSRC, which is to be used on future capital projects to be agreed with BBSRC.

g) Unrestricted funds Research grants that do not contain conditions for the final receipt of funds have been treated as unrestricted. Funds received for non-specified purposes have also been included as unrestricted.

A fixed assets reserve has been established within unrestricted reserves representing the net book value of fixed assets funded from unrestricted reserves.

Unrestricted reserves that have been designated by the Governing Council for specific purposes are shown in separate designated reserves.

h) Capital transfers A transfer from unrestricted to restricted reserves equal to the depreciation charge for assets purchased from unrestricted reserves is made as a capital transfer.

i) Other Transfers A transfer from restricted to unrestricted reserves is made following the completion of performance conditions in connection with restricted non-capital grant activity.

j) Designated capital transfers A transfer from the unrestricted general reserve to the unrestricted designated reserve is made in relation to the expenditure which had been designated by Governing Council for use in the financial projections to March 2028.

k) Centre funded capital Capital expenditure funded from unrestricted reserves is shown as a transfer from the unrestricted designated capital reserve or general reserve to the unrestricted fixed asset reserve.

l) Tangible assets and depreciation Tangible assets are shown at cost less accumulated depreciation. The cost of tangible assets is their purchase cost, together with any incidental costs of acquisition. Depreciation is calculated using the straight-line method to write off the cost of assets, less any estimated residual value, over their estimated useful lives at the following rates:

Leasehold land and buildings – over lease term or useful life, if shorter;

Freehold land – not depreciated;

Freehold buildings – estimated economic life;

Plant, machinery and equipment – estimated economic life; Scientific equipment - 5 to 15 years straight line; Computer equipment – 3 to 5 years straight line; Motor vehicles – 4 years straight line;

Combined heat and power scheme – 20 years straight line.

The leasehold buildings have been depreciated over their estimated economic life. The trustees have determined that land is not subject to depreciation. Assets in the course of construction are not depreciated until the asset is in full use.

JIC includes in its financial statements leasehold land and buildings owned by third parties, which it occupies and enjoys through extended peppercorn leases. The trustees consider that in substance, the risks and rewards of ownership of the assets have passed to the Institute, and as such follow a policy of recognising the assets on the balance sheet that reflects its continuing occupancy of these assets for the foreseeable future.

As a result of the proposed redevelopment outlined in the NGI programme, the useful lives of associated assets have been reviewed based upon the timetable.

m) Intangible fixed assets and amortisation Computer Software development costs are recognised as intangible fixed assets at cost less amortisation and any provision for impairment. Intangible assets are amortised over the estimated life of the asset acquired less any residual value.

Amortisation is calculated to write off the cost or valuation less the estimated residual value of intangible assets by equal instalments over their estimated useful economic lives as follows:

Computer Software – 3 to 5 years straight line

Intangible assets under construction are not amortised until the asset is in full use.

n) Fixed asset investments The consolidated balance sheet includes the group’s share of each associate’s gross assets and liabilities. The share of each associate’s net income is reported in JIC’s consolidated statement of financial activities.

o) Stocks Stocks are stated at the lower of cost and net realisable value. Provision is made, where necessary, for slow moving or obsolete stock.

p) Debtors

Debtors are non-interest bearing and are stated at their nominal value, as reduced by appropriate allowances for estimated irrecoverable amounts.

q) Cash balances held as grant co-ordinator Cash balances held in the charitable company’s capacity as grant co-ordinator are included within cash on the charitable company’s balance sheet and are disclosed in note 24 to the financial statements.

r) Trade creditors Trade creditors are non-interest bearing and are stated at their nominal value.

s) Loans Loans are stated on the balance sheet at amortised cost.

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John Innes Centre | Annual Report and Accounts | March 2025

t) Provisions A provision is recognised in the financial statements where there is a legal or constructive obligation to transfer economic benefit to a third party.

depreciate them to nil over their estimated remaining useful lives. The amount of depreciation charged and net book value of the assets is included in Note 10.

u) Staff and Pensions

JIC staff that joined before 1 October 2011 were employed by BBSRC up to 1 October 2017, when they transferred employment to the Institute under TUPE.

Transferred employees retain their membership of the Research Councils Pension Scheme (RCPS), where applicable, with JIC becoming an admitted employer in the scheme. The RCPS is a defined benefit scheme funded from annual grant-in-aid on a pay-as-you-go basis. The RCPS Pension Scheme is a multi-employer scheme and JIC is unable to identify its share of the underlying assets and liabilities. JIC therefore accounts for the scheme as if it were a wholly defined contribution scheme. As a result, the amount charged to the income and expenditure account represents the contributions payable to the scheme in respect of the accounting period. Liabilities for the payment of future benefits are the responsibility of the RCPS and accordingly are not included in these Financial Statements.

JIC has recruited all new staff from October 2011 on its own terms and conditions, covering basic pay and allowances, contractual payments, tax, Nl, and liabilities for pension contributions and redundancy. Such staff are eligible to join a defined contribution scheme.

v) Termination benefits Redundancy payments are recognised as a liability and an expense only when the event is demonstrably committed to by either: a. termination of the employment of an employee or group of employees before the normal retirement date, or b. provision of termination benefits as a result of an offer made in order to encourage voluntary redundancy.

w) Operating leases Rental costs are charged to the statement of financial activities on a straight-line basis over the life of the lease.

x) Foreign currency transactions The functional and reporting currency is pounds sterling. Transactions in foreign currencies are recorded at the rate of exchange ruling at the date of the transaction. Assets and liabilities denominated in foreign currencies are translated at year end exchange rates. All gains and losses are taken to the statement of financial activities in the year to which they relate.

y) Financial instruments Financial assets and financial liabilities are recognised upon becoming a party to the contractual provisions of the instrument.

The group only enters into basic financial instrument transactions that result in financial assets and liabilities such as trade and other accounts receivable and payable.

z) Judgements in applying accounting policies and key sources of estimation

Preparation of the financial statements require management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:

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John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

2. ANALYSIS OF INCOMING RESOURCES

Research Student Other Total Research Student Other Total
activities activities activities 2025 activities activities activities 2024
£000 £000 £000 £000 £000 £000 £000 £000
Grant income
BBSRC 23,015 3,186 - 26,201 26,061 2,563 - 28,624
Other government departments 2,824 12 - 2,836 2,086 10 - 2,096
European Union 951 - - 951 1,265 9 - 1,274
Industrial partners 348 - - 348 171
 - - 171
John Innes Foundation 191 633 - 824 207 533 - 740
Other charities 2,555 208 - 2,763 2,354 132 - 2,486
Universities 36 64 - 100 1 22 - 23
Other grants 1,528 - - 1,528 1,161 33 - 1,194
Totalgrant income 31,448 4,103 - 35,551 33,306 3,302 - 36,608
Capital and maintenance grants
BBSRC
Capital expenditure 34,672 - - 34,672 30,432
 - - 30,432
Total capitalgrants 34,672 - - 34,672 30,432
 - - 30,432
Other charitable income
Scientific services - - 853 853 - - 813 813
Miscellaneous income - - 164 164 - - 397 397
Total other charitable income - - 1,017 1,017 - - 1,210 1,210
Trading income
John Innes Enterprises Limited - - 827 827 - - 750 750
Total trading income - - 827 827 - - 750 750
Rental income
Conferencing Facilties - - 230 230 - - 182 182
Hill House - - 85 85 - - 86 86
Total rental income - - 315 315 - - 268 268
Investment income
Interest receivable on cash deposits - - 2,046 2,046 - - 1,486 1,486
Interest receivable on loan to related party - - 16 16 - - 18 18
Total investment income - - 2,062 2,062 - - 1,504 1,504
Other generated income
Site infrastructure recharges - - 1,657 1,657 - - 1,759 1,759
Other - - 2,681 2,681 - - 1,881 1,881
Total othergenerated income - - 4,338 4,338 - - 3,640 3,640
Total income 66,120 4,103 8,559 78,782 63,738 3,302 7,372 74,412

JIC’s activities consist principally of scientific research in the United Kingdom.

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John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

3. ANALYSIS OF RESOURCES EXPENDED

Research Student Other Total Research Student Other Total
activities activities activities 2025 activities activities activities 2024
Note £000 £000 £000 £000 £000 £000 £000 £000
Direct charitable expenditure:
Staff costs 14,298 - - 14,298 13,678
 - - 13,678
Direct costs 16,438 174 - 16,612 10,781 4,303 - 15,084
Depreciation and impairment 8,765 - - 8,765 9,827
 - - 9,827
Governance costs 4
 - - 94 94 - - 80 80
Support costs 4 9,827 2,835
 - 12,662 10,050 2,559 - 12,609
Expenditure on charitable activities 49,328 3,009 94 52,431 44,336 6,862 80 51,278
Raising funds 4
 - - 478 478 - - 454 454
Trading expenditure - - 724 724 - - 685 685
Other resources expended - - 361 361 - - 252 252
Share of operating result of associates - - 54 54 - - 127 127
Total expenditure 49,328 3,009 1,711 54,048 44,336 6,862 1,598
52,796

Included within expenditure is restricted general expenditure of £36,980k (2024: £36,280k) and restricted capital resources expended (depreciation) of £8,208k (2024: £9,827k). All other expenditure is unrestricted.

----- Start of picture text -----
Total Total
Analysis of governance costs 2025 2024
£000 £000
Staff costs 29 29
Travel costs 14 12
Other costs 51 39
Total governance costs 94 80
----- End of picture text -----

4. ALLOCATION OF SUPPORT COSTS, GOVERNANCE AND RAISING FUNDS

----- Start of picture text -----
Research Student Raising Governance Total Basis of
activities activities funds costs 2025 Allocation
£000 £000 £000 £000 £000
Governing Council and SIAB - - - 47 47 Headcount
Lab management 481 139 - - 620 Headcount
Institute management 543 156 - - 699 Headcount
Scientific services 82 24 - - 106 Headcount
Facilities management and utilities 6,429 1,855 - - 8,284 Headcount
Finance and Purchasing 558 161 - - 719 Headcount
Computing and Library 708 204 - - 912 Headcount
Human Resources 289 83 - - 372 Headcount
Contracts services - - 317 - 317 Activity
Other support services 737 213 161 47 1,158 Activity
Total support costs 9,827 2,835 478 94 13,234
Research Student Raising Governance Total Basis of
activities activities funds costs 2024 Allocation
£000 £000 £000 £000 £000
Governing Council and SIAB - - - 42 42 Headcount
Lab management 483 123 - - 606 Headcount
Institute management 577 148 - - 725 Headcount
Scientific services 463 118 - - 581 Headcount
Facilities management and utilities 6,336 1,609 - - 7,945 Headcount
Finance and Purchasing 563 144 - - 707 Headcount
Computing and Library 688 176 - - 864 Headcount
Human Resources 292 75 - - 367 Headcount
Contracts services - - 319 - 319 Activity
Other support services 648 166 135 38 987 Activity
Total support costs 10,050 2,559 454 80 13,143
----- End of picture text -----

31

John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

5. TAXATION

JIC ("JIC") is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

The trading activities of the subsidiary companies are subject to corporation tax; however profits in the year are gifted to the charitable company resulting in a £nil (2024: £nil) tax charge payable.

6. OPERATING SURPLUS

Operating surplus is stated after charging/(crediting):

----- Start of picture text -----
Total Total
2025 2024
£000 £000
Audit services:
Fees payable to the charitable company’s auditors for the audit of charitable company and
consolidated financial statements 33 32
Fees payable for the audit of the charitable company’s subsidiaries pursuant to legislation 2 2
Depreciation and amortisation 8,208 9,827
Loss/(Profit) on disposal of tangible assets 108 (6)
Hire of plant and equipment 91 64
Rent of land and buildings 179 26
Loss on foreign exchange translations 47 89
----- End of picture text -----

7. NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARIES

----- Start of picture text -----
John Innes John Innes
Enterprises Total Enterprises Total
Profit and loss account Limited 2025 Limited 2024
£000 £000 £000 £000
Turnover 1,527 1,527 750 750
Cost of sales (1,376) (1,376) (712) (712)
Gross profit/(loss) 151 151 38 38
Administrative expenses - - - -
Operating profit/(loss) 151 151 38 38
Interest received - - - -
Operating profit/(loss) retained in subsidiary 151 151 38 38
Net assets at 31 March 328 328 225 225
----- End of picture text -----

In addition to the above, £48,544 (2024: £71,091) in Gift Aid was paid to the charitable company in the year.

8. REMUNERATION OF MEMBERS OF THE GOVERNING COUNCIL

None of the members of the Governing Council received any remuneration from the group during the current or prior year for their duties as trustees. During the year, Professor J Armitage, Trustee of JIC, received £5,000 (2024: £5,000) as chair of JIC’s Science Impact Advisory Board (SIAB). Professor J Langdale, Trustee of JIC, received £3,000 (2024: £nil) for JIC’s Science Impact Advisory Board (SIAB).

Attendance expenses incurred by 6 (2024: 6) trustees whilst carrying out their duties amounted to £2,106 during the year (2024: £1,662).

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John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

9. EMPLOYEE INFORMATION

The monthly average number of persons employed by or deployed to the group and charitable company during the year, analysed by category, was as follows:

----- Start of picture text -----
Group and charitable company 2025 2024
Number Number
Scientific 305 307
Office management and services 39 39
Total 344 346
----- End of picture text -----

The aggregate payroll costs of these persons were:

----- Start of picture text -----
Group and charitable company 2025 2024
Note £000 £000
Wages and salaries 13,960 13,630
Redundancy costs 138 84
Social security costs 1,466 1,418
Other pension costs 22 2,326 1,957
Total 17,890 17,089
----- End of picture text -----

An analysis of the number of staff who fall within staff cost bands (excluding pension cost) from £60k upwards is provided below:

----- Start of picture text -----
Group and charitable company 2025 2024
Number Number
£60,000 - £69,999 8 16
£70,000 - £79,999 15 12
£80,000 - £89,999 6 6
£90,000 - £99,999 11 5
£100,000 - £109,999 4 6
£110,000 - £119,999 1 3
£120,000 - £129,999 3 2
£130,000 - £139,999 2 2
£150,000 - £159,999 - 1
£160,000 - £169,999 1 -
£170,000 - £179,999 1 1
£220,000 - £229,999 1 1
Total 53 55
----- End of picture text -----

The number of staff with emoluments greater than £60k who were also members of the Research Councils’ Pension Schemes was eighteen (2024: twenty-one). Thirty-one (2024: twenty-eight) with emoluments greater than £60k are members of a defined contribution pension scheme.

Staff that joined prior to 1 October 2011 were employed by BBSRC up to 1 October 2017, when these employees’ transferred employment to the Institute under TUPE. Transferred employees retain their membership of the Research Councils Pension Scheme, where applicable, with JIC becoming an admitted employer in the scheme. Staff that joined after 1 October 2011 are employed under JIC terms & conditions.

The key management personnel of the parent charity, JIC, comprise of the trustees and members of the Executive Group. In 2024 this also included members of the Strategy Committee.

The key management personnel of the group comprise those of the charity and the key management personnel of the wholly owned subsidiaries, John Innes Enterprises Ltd, Norwich Biosciences Ltd, Norwich Research Ltd and JIC NRP Capital Ltd. All the subsidiaries key management personnel are the same as the parent company. No staff costs were recharged in respect of this. The employee costs (salaries, social security costs and pension costs) of the key management personnel for the group and charitable company were £952,088 (2024: £818,394). The number of key management personnel staff for the group and charitable company was five (2024: four).

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John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

10. TANGIBLE ASSETS

----- Start of picture text -----
Freehold leasehold machinery Assets
land and land and and under
Group & Company Note buildings buildings equipment construction Total
£000 £000 £000 £000 £000
Cost
At 1 April 2024 3,820 69,465 63,216 20,029 156,530
Transfers - 341 1,719 (2,060) -
Additions - 2,997 4,199 31,713 38,909
Disposals - (927) (1,977) (2) (2,906)
At 31 March 2025 3,820 71,876 67,157 49,680 192,533
Accumulated Depreciation
At 1 April 2024 834 37,491 37,474 - 75,799
Charge for the year 5 3,987 4,216 - 8,208
Disposals - (927) (1,871) - (2,798)
At 31 March 2025 839 40,551 39,819 - 81,209
Net book value at 31 March 2025 2,981 31,325 27,338 49,680 111,324
Net book value at 31 March 2024 2,986 31,974 25,742 20,029 80,731
----- End of picture text -----

Assets under construction represent capital items which are not yet in full economic use.

JIC includes in its financial statements land and buildings owned by third parties, which it occupies and enjoys through extended peppercorn leases. The trustees consider that in substance, the risks and rewards of ownership of the assets have passed to the Institute, and as such a policy of recognising the assets on the balance sheet reflects its continuing occupancy of these assets for the foreseeable future.

All of the charitable company’s assets at 31 March 2025 are used for direct charitable purposes.

The depreciation charge for the year includes an additional £2.0m (2024: £3.5m), resulting from the acceleration of depreciation on assets affected by the NGI programme of redevelopment.

11. INTANGIBLE ASSETS

----- Start of picture text -----
Software
Group and Charitable company development Total
£000 £000
Cost
At 1 April 2024 147 147
Additions - -
Disposals (147) (147)
At 31 March 2025 - -
Accumulated Depreciation
At 1 April 2024 147 147
Charge for the year - -
Disposals (147) (147)
At 31 March 2025 - -
Net book value at 31 March 2025 - -
Net book value at 31 March 2024 - -
----- End of picture text -----

34

John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

12. INVESTMENTS

Subsidiaries

The following are the operating subsidiary undertakings in which the charitable company has an interest:

The registered address for all the subsidiaries is JIC, Norwich Research Park, Colney, Norwich, NR4 7UH.

The charitable company’s investment in subsidiary undertakings at cost amounts to £1,248 (2024: £1,248) and accumulated impairment of £244 (2024: £244) has been recognised against cost.

JIC NRP Capital Limited is a member of Anglia Innovation Partnership LLP, which is responsible for the management and development of the Norwich Research Park (NRP) estate and for the furtherance of the NRP Enterprise Vision. The company did not trade during the year.

The net income from trading activities of the subsidiaries during the year is shown in note 7.

Associates

The charitable company has an investment in Plant Bioscience Limited (“PBL”), a company registered in England and Wales, representing 33% (2024: 33%) of the ordinary £1 issued share capital. Plant Bioscience Limited manages the intellectual property rights of the charitable company and other organisations. This company is deemed to be an associate of the group and has therefore been included in the consolidated financial statements on that basis.

The charitable company has a 25% interest in NBI Partnership Limited (“NBIP”). NBIP supplies support and administrative services to JIC and the other Norwich Institutes (Quadram Bioscience Institute, Earlham Institute and The Sainsbury Laboratory) on a not-for-profit basis. NBIP fully recharges its costs to the four research organisations and accordingly it generates no profit or loss.

The charitable company had an investment of 45% voting share capital and £1,630k non-voting share capital in Leaf Expression Systems Limited (“Leaf”). Leaf was a commercial research & development company specialising in the expression and production of proteins, metabolites and complex natural products. The value of JIC’s investment in Leaf has been fully written down at March 2025 and March 2024 to reflect Leaf’s trading position, since August 2024 Leaf has been in liquidation therefore it no longer meets the definition of an associate.

Investments – Company

The movement in the value of investments during the year was as follows:

The movement in the value of investments during the year was as follows:
Total
2025
Total
2024
£000
£000
Valuation
At beginning of year		 1
1
At end of year 1
1

Investments – Group

The Group’s share of the operating results of associates was as follows:

Leaf Leaf
Expression Plant Expression Plant
Systems Bioscience Total Systems Bioscience Total
Group Limited Limited 2025 Limited Limited 2024
£000 £000 £000 £000 £000 £000
Associates, share of:
Turnover -
292		 292 - 407 407
Operating (loss) -
(112)		 (112) - (191) (191)
Movement in openingbalance -
58		 58 - 64 64
Share of result for theyear -
(54)		 (54) - (127) (127)

35

John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

12. INVESTMENTS (CONTINUED)

The Group’s investment in associates is represented as follows:

Leaf Leaf
Expression Plant Expression Plant
Systems Bioscience Total Systems Bioscience Total
Group Limited Limited 2025 Limited Limited 2024
£000 £000 £000 £000 £000 £000
Associates: Share of net assets
At beginning of year -
1,480		 1,480 - 1,607 1,607
Share of result for theyear -
(54)		 (54) - (127) (127)
At end ofyear -
1,426		 1,426 - 1,480 1,480
Represented by:
Share of total assets -
1,581		 1,581 - 1,675 1,675
Share of total liabilities -
(155)		 (155) - (195) (195)
Share of net assets -
1,426		 1,426 - 1,480 1,480

The trustees consider the value of investments included in the financial statements to be supported by their underlying assets. The value of the investment in Leaf Expression Systems Limited has been fully written down, reflecting the net deficit position of the company at 31 March 2024 and 2025. JIC has no liability to contribute to losses in the company.

13. STOCKS

13.STOCKS
Total Total
Group and charitable company 2025 2024
£000 £000
Raw materials and consumables 250 278
Total 250 278

There is no material difference between the valuation of stock and its replacement cost.

14. DEBTORS

----- Start of picture text -----
Group Group Company Company
2025 2024 2025 2024
Note £000 £000 £000 £000
Grants receivable:
from government bodies 22 7,435 1,690 7,435 1,690
from other sources 2,298 3,068 2,298 3,068
Trade debtors 553 2,225 421 2,097
Amounts owed by subsidiary undertakings - - 280 89
Amounts owed by other related parties 22 1,284 1,510 1,283 1,486
Other debtors 1,189 1,085 1,189 1,085
Prepayments and accrued income 2,583 3,481 2,530 3,445
Total amounts falling due within one year 15,342 13,059 15,436 12,960
----- End of picture text -----

Grants receivable from government bodies includes £1,414k in relation to capital funding receivable from BBSRC (2024: £8k).

15. CASH AT BANK AND IN HAND

----- Start of picture text -----
Group Group Company Company
2025 2024 2025 2024
£000 £000 £000 £000
Cash at bank 44,091 48,332 43,688 47,973
Cash in hand 2 2 2 2
Total 44,093 48,334 43,690 47,975
----- End of picture text -----

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John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

----- Start of picture text -----
Group Group Company Company
2025 2024 2025 2024
Note £000 £000 £000 £000
Grants received in advance:
from government bodies 22 6,608 4,786 6,608 4,786
from other sources 2,535 3,043 2,497 3,043
Trade creditors 2,616 834 2,598 807
Amounts owed to subsidiary undertakings - - 134 38
Amounts owed to other related parties 22 965 910 964 910
Other creditors 1,354 732 1,299 690
Taxation and social security 362 352 362 352
Accruals and deferred income 7,207 7,171 7,207 6,972
Total amounts falling due within one year 21,647 17,828 21,669 17,598
----- End of picture text -----

17. RECONCILIATION OF MOVEMENT IN GRANTS RECEIVABLE

Total Total
Group and charitable company 2025 2024
Note £000 £000
Grants receivable 14 9,733 4,758
Grants received in advance 16 (9,143) (7,829)
Netgrants received in advance 590 (3,071)
Net grants received in advance at beginning of year (3,071) (4,469)
Grant monies received during the year (66,562) (65,642)
Grant moneyreleased to SOFA duringtheyear 70,223 67,040
Netgrants received in advance 590 (3,071)

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

----- Start of picture text -----
Fixed Net current Total
assets assets 2025
£000 £000 £000
Group
Unrestricted:
Fixed assets reserve 5,233 - 5,233
Designated capital reserve - 13,467 13,467
General - 6,322 6,322
Restricted:
General reserve - 40 40
Fixed assets reserve 107,517 - 107,517
Designated capital reserve - 18,209 18,209
Net assets 112,750 38,038 150,788
Charitable company
Unrestricted:
Fixed assets reserve 3,807 - 3,807
Designated capital reserve - 13,467 13,467
General - 5,991 5,991
Restricted:
General reserve - 40 40
Fixed assets reserve 107,518 - 107,518
Designated capital reserve - 18,209 18,209
Net assets 111,325 37,707 149,032
----- End of picture text -----

37

John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED)

----- Start of picture text -----
Total
Fixed Net current
2024
assets assets
£000 £000 £000
Group
Unrestricted:
Fixed assets reserve 5,761 - 5,761
Designated capital reserve - 10,915 10,915
General - 6,549 6,549
Restricted:
Fixed assets reserve 76,450 - 76,450
Designated capital reserve - 26,379 26,379
Net assets 82,211 43,843 126,054
Charitable company
Unrestricted:
Fixed assets reserve 4,281 - 4,281
Designated reserves - 10,915 10,915
General - 6,321 6,321
Restricted:
Fixed assets reserve 76,451 - 76,451
Designated reserves - 26,379 26,379
Net assets 80,732 43,615 124,347
----- End of picture text -----

The unrestricted fixed assets reserve relates to the net book value of fixed assets purchased from unrestricted funds. The restricted fixed assets reserve relates to the net book value of fixed assets purchased from capital grants.

The designated capital reserves are not endowment funds. The unrestricted designated capital reserve relates to funds designated by Governing Council for use in relation to planned capital investments in the financial projections to March 2028. The restricted capital reserve relates to funding received from BBSRC to be used in connection with future estates rebuild costs with the agreement of BBSRC.

The restricted general reserve relates to ring fenced strategic funding received from BBSRC. This funding has performance conditions attached and is transferred to the general reserve once the conditions have been met.

19. ANALYSIS OF FUNDS MOVEMENTS

----- Start of picture text -----
Unrestricted Restricted
fixed Unrestricted Unrestricted Restricted fixed Restricted Total
assets designated general general assets designated 2025
£000 £000 £000 £000 £000 £000 £000
Group
At 1 April 2024 5,761 10,915 6,549 - 76,450 26,379 126,054
Total income and expenditure for the year - - (301) 509 24,526 - 24,734
Associates (54) - 54 - - - -
Capital transfers (575) - 527 - 468 (420) -
Designated capital transfers - - - - 6,073 (6,073) -
Centre funded capital 101 - 106 (207) - - -
Other transfers - 2,552 (613) (262) - (1,677) -
At 31 March 2025 5,233 13,467 6,322 40 107,517 18,209 150,788
Charitable company
At 1 April 2024 4,281 10,915 6,321 - 76,451 26,379 124,347
Total income and expenditure for the year - - (350) 509 24,526 - 24,685
Capital transfers (575) - 527 - 468 (420) -
Designated capital transfers - - - - 6,073 (6,073) -
Centre funded capital 101 - 106 (207) - - -
Other transfers - 2,552 (613) (262) - (1,677) -
At 31 March 2025 3,807 13,467 5,991 40 107,518 18,209 149,032
----- End of picture text -----

38

John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

19. ANALYSIS OF FUNDS MOVEMENTS (CONTINUED)

Unrestricted
fixed
assets		 Unrestricted
designated		 Unrestricted
general		 Restricted
general		 Restricted
fixed
assets		 Restricted
designated		 Total
2024
£000 £000 £000 £000 £000 £000 £000
Group
At 1 April 2023 6,770 11,705 6,378 108 68,652 10,825 104,438
Total income and expenditure for the year - - 683 1,656 19,277 - 21,616
Associates (127) - 127 - - -
 -
Capital transfers (882) - 1,432 (1,328) 1,606 (828)
 -
Designated capital transfers - - - - (12,619) 12,619
 -
Centre funded capital - - 466 - (466) -
 -
Other transfers - (790) (2,537) (436)
 - 3,763
 -
At 31 March 2024 5,761 10,915 6,549 - 76,450 26,379 126,054
Charitable company
At 1 April 2023 5,163 11,705 6,117 108 68,653 10,825 102,571
Total income and expenditure for the year - - 843 1,656 19,277 - 21,776
Capital transfers (882) - 1,432 (1,328) 1,606 (828)
 -
Designated capital transfers - - - - (12,619) 12,619
 -
Centre funded capital - - 466 - (466) -
 -
Other transfers - (790) (2,537) (436)
 - 3,763
 -
At 31 March 2024 4,281 10,915 6,321 - 76,451 26,379 124,347

Capital transfers relate to fund movements in connection with fixed assets and depreciation; ensuring assets are appropriately reflected in separate reserves.

Designated capital transfers relate to capital grants recognised in advance of the associated expenditure being incurred.

Centre funded capital transfers relate to capital expenditure funded from the unrestricted designated capital reserve and general reserve.

Where research at JIC is funded by grants with performance conditions attached to them these are shown in the Restricted general fund. When the conditions have been met the remaining contribution to core funding is transferred to general reserves, shown in other transfers above. Other transfers also includes transfers between unrestricted funds to charge expenditure against institute ringfenced funds, set aside for a specific purpose.

20. COMMITMENTS

----- Start of picture text -----
Group Group Company Company
Group and charitable company 2025 2024 2025 2024
£000 £000 £000 £000
Capital commitments at the end of the financial year for which no provision has been made:
Contracted 9,459 22,438 9,459 22,438
Amounts due under other operating leases for plant and machinery:
Expiring in less than one year 54 32 54 32
Expiring between one and two years 45 14 45 14
Expiring between two and five years 92 16 92 16
Expiring over five years 3 - 3 -
Total 194 62 194 62
Amounts due under other operating leases for land and buildings:
Expiring in less than one year 130 - - -
Expiring between one and two years 130 - - -
Expiring between two and five years 390 - - -
Expiring after five years 1,395 - - -
2,045 - - -
----- End of picture text -----

39

John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

21. PENSION SCHEMES

JIC staff that joined before 1 October 2011 were employed by BBSRC up to 1 October 2017, when they transferred employment to the Institute under TUPE.

Transferred employees retain their membership of the Research Councils Pension Scheme (RCPS), where applicable, with JIC becoming an admitted employer in the scheme. The RCPS is a defined benefit scheme funded from annual grant-in-aid on a pay-as-you-go basis. The RCPS Pension Scheme is a multi-employer scheme and JIC is unable to identify its share of the underlying assets and liabilities. JIC therefore accounts for the scheme as if it were a wholly defined contribution scheme. As a result, the amount charged to the income and expenditure account represents the contributions payable to the scheme in respect of the accounting period. Liabilities for the payment of future benefits are the responsibility of the RCPS and accordingly are not included in these Financial Statements. The employer contribution rate during the year was 26% (2024: 26%).

JIC employees that joined after 30 September 2011 are eligible to join a defined contribution scheme.

The total pension charge for the year was £2,326,091 (2024: £1,956,862) with outstanding contributions at the year-end of £217,860 (2024: £nil).

22. RELATED PARTY TRANSACTIONS

BBSRC

JIC is strategically funded by BBSRC. Grants received from BBSRC are detailed in note 2. At 31 March 2025, BBSRC owed JIC £6,959,137 (2024: £1,689,669).

Plant Bioscience Limited

PBL is 33% directly owned by JIC. PBL has been accounted for as an associate within the consolidated financial statements. Services provided to JIC by PBL in the year to 31 March 2025 amounted to £nil (2024: £54,000). During the year, PBL paid JIC £49,994 (2024: £47,932) in rent and £186 (2024: £432) for other costs. At the end of the year £nil was due from PBL (2024: £26) and £nil was due to PBL (2024: £10,800).

Leaf Expression Systems Limited

JIC has invested £1,630,000 in the non-voting share capital of Leaf Expression Systems Limited (“Leaf”). Leaf has been accounted for as an associate within the consolidated financial statements up until the company entered liquidation in August 2024. JIC paid Leaf £nil (2024: £nil) for services in the year ended 31 March 2025. At 31 March 2025, JIC owed Leaf £nil (2024: £nil). During the year, Leaf paid JIC £44,617 (2024: £131,163) for costs incurred by JIC on behalf of Leaf. At 31 March 2025, Leaf owed JIC £nil (2024: £57,047).

NBI Partnership Limited

JIC is one of the four guarantors of NBI Partnership Ltd (“NBIP”), a company limited by guarantee. JIC has provided short-term loans to NBIP to enable NBIP to manage its cash requirements. Interest is payable on the loan at 4.75% and during the year JIC charged £16,150 (2024: £13,090) in respect of interest due. At 31 March 2025, JIC had a loan balance with NBIP of £340,000 (2024: £340,000).

JIC was charged £5,684,053 (2024: £5,360,238) for services by NBIP under a cost sharing agreement. As at 31 March 2025, JIC owed NBIP £693,525 (2024: £509,631). NBIP paid JIC £142,585 (2024: £21,919) for services and, as at 31 March 2025, NBIP owed JIC £8,950 (2024: £6,520).

Anglia Innovation Partnership LLP

JIC is a member of Anglia Innovation Partnership LLP through its 100% subsidiary, JIC NRP Capital Limited. Anglia Innovation Partnership LLP is responsible for the management and development of the Norwich Research Park (NRP) estate and for the furtherance of the NRP Enterprise Vision.

During the year, JIC received services totalling £29,135 (2024: £20,143) and was charged £120,697 (2024: £125,177) for estate costs. As at 31 March 2025, JIC owed AIP LLP £3,616 (2024: £nil). JIC invoiced Anglia Innovation Partnership LLP for services totalling £293,178 (2024: £283,993). As at 31 March 2025 Anglia Innovation Partnership LLP owed JIC £86,274 (2024: £71,781).

40

John Innes Centre | Annual Report and Accounts | March 2025

NOTES TO THE ACCOUNTS

22. RELATED PARTY TRANSACTIONS (CONTINUED)

University of East Anglia

UEA is a member of the charitable company and it nominates one Governor to the Governing Council. The majority of PhD students carrying out research at JIC are registered with UEA. During the year UEA provided student services of £584,514 (2024: £215,960) and other services amounting to £465,591 (2024: £547,339) to JIC. At 31 March 2025, JIC owed UEA £142,312, for student fees and other costs (2024: £223,457) and £18,298 for other services (2024: £22,438). During the year, JIC received £644,729 (2024: £1,100,671) in student payments from UEA and provided £758,682 (2024: £615,471) of other services and JIE received £nil (2024: £nil). At 31 March 2025, UEA owed JIC £839,831 (2024: £927,659) for student fees and other services and owed JIE £nil (2024: £nil).

Board of Trustees

During the year, JIC received £33,334 (2024: £nil) in donations from its trustees.

John Innes Foundation

JIF is a member of the charitable company and it nominates one Governor to the Governing Council of JIC. JIC occupies land and buildings which are owned by JIF, with the principal research buildings leased at a peppercorn rent.

The following transactions took place during the year:

The following transactions took place during the year:
Total
2025
Total
2024
£000
£000
Paid to JIC:
Grants for studentships		 633
533
Grants for research project 77
134
Contribution to salary costs 100
39
Contribution to other costs 14
34
Contribution to capital costs -
-
Total 824
740

During the year, JIF invoiced JIC for services and other costs totalling £16,012 (2024: £15,623). As at 31 March 2025, JIF owed JIC £8,066 (2024: £82,987) and JIC owed JIF £106,717 (2024: £143,701).

John Innes Enterprises Ltd

JIE Ltd is the wholly owned trading subsidiary of JIC. JIE undertakes contract research, research services and consultancy.

During the year, JIC invoiced JIE for services and other costs totalling £859,787 (2024: £715,012) and JIE invoiced JIC for costs totalling £542,065 (2024: £37,854). In addition, JIE made a gift aid payment to JIC of £48,544 (2024: £71,091). As at 31 March 2025, JIE owed JIC £280,481 (2024: £89,296) and JIC owed JIE £134,222 (2024: £37,854).

23. CASH HELD AS GRANT CO-ORDINATOR

JIC holds cash of £870,922 (2024: £485,943) on behalf of various institutes in its capacity as project co-ordinator on a number of projects. JIC acts as an intermediary only and does not control the risks and rewards associated with the cash. An equal balance is held in other creditors.

24. ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

The trustees consider that there is no ultimate parent undertaking and controlling party. JIC is the parent undertaking of the smallest and largest group of undertakings to consolidate these financial statements.

25. CONTINGENT LIABILITY

JIC receives grant income from funding bodies, such as the BBSRC and the European Union, that routinely undertake retrospective financial audits of costs claimed. Such audits may from time to time give rise to adjustments to grant income receivable. No general provision is made for such potential audit adjustments in the financial statements.

41

John Innes Centre | Annual Report and Accounts | March 2025

CHARITY INFORMATION

Directors and Trustees Sir T Hughes-Hallett (Chair - Governing Council) Prof N Talbot Prof J P Armitage (Chair - Science and Impact Advisory Board) Mr C Maw (Chair – Audit Committee) Dr J D McCafferty Prof J M Hibberd Mr W B Kendall Prof J A Langdale Ms Sarah Sands Prof R A Field Company Secretary Mr D Foreman Director of the Institute Prof C Uauy Key Management Personnel Prof C Uauy Prof A Osbourn Mr D Foreman Prof R Morris Ms Angela Bowen Registered charity number 223852 Registered company number 00511709 Registered and principal office Norwich Research Park Colney Norwich NR4 7UH Independent auditor Larking Gowen LLP Chartered Accountants and Statutory Auditors Prospect House Rouen Road Norwich NR1 1RE Bankers Barclays Bank plc 54 Lombard Street London EC3V 9EX Solicitors Mills and Reeve 1 St James Court Whitefriars Norwich NR3 1RU Birketts Kingfisher House 1 Gilders Way St James Place Norwich NR3 1UB

42