| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe company, | its Trustees and advisers | ||
| Trustees' report |
2-8 | |||
| Independent auditors' |
report | on the financial statements | 9-12 | |
| Statement offinancial | activities | 13 | ||
| Balance sheet | 14 | |||
| Notes to the financial | statements | 15-28 |
| Trustees | Professor Hugh |
Gordon | Gordon | Gordon | Dickinson, | Dickinson, | Principal | Principal | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Professor Roderick Hunt | |||||||||||||
| Doctor Michael | Barson Jackson (resigned | 10October | 2021) | ||||||||||
| Professor Philip |
Mark | Gilmartin | (appointed | 15December 2021) | |||||||||
| Company | registered | ||||||||||||
| number | 00078001 | ||||||||||||
| Charity registered | |||||||||||||
| number | 237771 | ||||||||||||
| Registered | office | 1 Emperor Way | |||||||||||
| Exeter Business | Park | ||||||||||||
| Exeter | |||||||||||||
| EX1 3QS | |||||||||||||
| Company | secretary | Professor Roderick Hunt | |||||||||||
| Chief executive officer | The Company most ofthe day |
Secretary and Treasurer is delegated to day affairs ofthe Company. |
by the trustees | to conduct | |||||||||
| Independent | auditors | Bishop Fleming | LLP | ||||||||||
| Chartered Accountants |
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| 2nd Floor Stratus | House | ||||||||||||
| Emperor Way | |||||||||||||
| Exeter Business | Park | ||||||||||||
| Exeter | |||||||||||||
| EX1 3QS | |||||||||||||
| Bankers | National Westminster |
Bank pic | |||||||||||
| Exeter Business | Centre | ||||||||||||
| Vantage Point |
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| Pynes Hill |
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| Exeter | |||||||||||||
| EX2 5FD | |||||||||||||
| Bank of Scotland | pic | ||||||||||||
| 8 Lochside Avenue | |||||||||||||
| Edinburgh | |||||||||||||
| EH12 9DJ | |||||||||||||
| Santander UK pic |
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| Bridle Road | |||||||||||||
| Bootle | |||||||||||||
| GIR OAA | |||||||||||||
| Solicitors | Ashfords LLP |
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| Ashfords House |
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| Grenadier Road |
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| Exeter | |||||||||||||
| EX1 3LH |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| Note | 2021f | 2021 | 2020 | |||
| Income from: | ||||||
| Charitable activities |
512,109 | 512,109 | 508,664 | |||
| Investments | 26,800 | 26,800 | 31,323 | |||
| Total income | 538,909 | 538,909 | 539,987 | |||
| Expenditure on: |
||||||
| Raising funds | 31,362 | 31,362 | 28,155 | |||
| Charitable activities |
356,338 | 356,338 | 403,145 | |||
| Total expenditure | 387,700 | 387,700 | 431,300 | |||
| Net income before net gains/(losses) | on | |||||
| investments | 151,209 | 151,209 | 108,687 | |||
| Net gainsl(losses) on investments |
71,329 | 71,329 | (15,388) | |||
| Net movement in funds before other |
recognised | |||||
| gains | 222,538 | 222,538 | 93,299 | |||
| Other recognised gains: |
||||||
| Gains on revaluation | offixed asset investments | 239,593 | 239,593 | 119,670 | ||
| Net movement in funds |
462,131 | 462,131 | 212,969 | |||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 3,441,006 | 3,441,006 | 3,228,037 | ||
| Net movement in funds |
462,131 | 462,131 | 212,969 | |||
| Total funds carried | forward | 3,903,137 | 3,903,137 | 3,441,006 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021f | 2020 | ||
| Dividend | income | 23,722 | 23,722 | 24,970 |
| Bank and | other interest | 3,078 | 3,078 | 6,353 |
| 26,800 | 26,800 | 31,323 | ||
| TOTAL 2020 | 31,323 | 31,323 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| Portfolio management | fee | 31,362 | 31,362 | 28,155 |
| TOTAL 2020 | 28,155 | 28,155 |
| Grants to | Total | Total | |
|---|---|---|---|
| Individuals | funds | funds | |
| 2021 | 2021 | 2020 | |
| F | E | ||
| Grants, AoBjournal | 2,639 | 2,639 | |
| Grants„ISPjournal | 1,922 | ||
| 2,639 | 2,639 | 1,922 | |
| TOTAL 2020 | 1,922 | 1,922 |
| Activities | Grant | ||||
|---|---|---|---|---|---|
| undertaken | funding of |
Support | Total | Total | |
| directly | activities | costs | funds | funds | |
| 2021 | 2021 | 2021 | 2021 | 2020 | |
| E | E | ||||
| AoBjournal | 166,501 | 2,639 | 17,464 | 186,604 | 212,432 |
| AoB Plants journal | 24,691 | 3,574 | 28,265 | 40,101 | |
| AoB Blog | 48,010 | 5,261 | 53,271 | 60,470 | |
| ISPjournal | 66,000 | 6,922 | 72,922 | 75,709 | |
| Goverance costs | 15,276 | 15,276 | 14,433 | ||
| 305,202 | 2,639 | 48,497 | 356,338 | 403,145 | |
| TOTAL 2020 | 348,872 | 1,922 | 52,351 | 403,145 |
| AoB | ||||||
|---|---|---|---|---|---|---|
| PLANTS | Total | Total | ||||
| AoBjournal | journal | AoB Blog | ISPjournal | funds | funds | |
| 2021f | 2021f | 2021 f |
2021 f |
2021f | 2020 F |
|
| Chief and | ||||||
| additional | ||||||
| Editorial | ||||||
| wages and | ||||||
| salaries | 25,149 | |||||
| Chief Editor fees | 16,696 | 36,799 | 53,495 | 64,657 | ||
| Editorial Office | ||||||
| fees &salaries | 91,355 | 50,000 | 141,355 | 129,540 | ||
| Editorial Office | 1,457 | 1,457 | 1,318 | |||
| Editorial Board | ||||||
| fees | 39,903 | 22,440 | 9,754 | 16,000 | 88,097 | 89,992 |
| Manuscript | ||||||
| handling | 7,575 | 2,251 | 9,826 | 19,330 | ||
| Editorial | ||||||
| services | 10,852 | 10,852 | 17,289 | |||
| Payroll fees | 120 | 120 | 1,196 | |||
| Sundry | ||||||
| expenses | 401 | |||||
| 166,501 | 24,691 | 48,010 | 66,000 | 305,202 | 348,872 | |
| TOTAL 2020 | 191,651 | 36,777 | 54,444 | 66,000 | 348,872 |
| AoB | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| PLANTS | |||||||||
| AoBjournal | journal | AoB Blog | ISPjournal | ||||||
| 2021 | 2021 | 2021 | 2021 | ||||||
| F | |||||||||
| External | travel and meeting costs | 984 | |||||||
| Company office costs |
17,464 | 2,590 | 5,036 | 6,922 | |||||
| Internal | travel | and meeting costs | 225 | ||||||
| Journal | promotion | ||||||||
| Accountancy | and other finance | related | |||||||
| costs | |||||||||
| 17,464 | 3,574 | 5,261 | 6,922 | ||||||
| TOTAL 2020 | 20,781 | 3,324 | 6,026 | 7,787 | |||||
| Goverance | Total | Total | |||||||
| costs | funds | funds | |||||||
| 2021f | 2021 E |
2020 | |||||||
| External | travel and meeting costs | 984 | |||||||
| Company office costs |
32,012 | 22,920 | |||||||
| Internal | travel | and meeting costs | 225 | 2,797 | |||||
| Journal | promotion | 12,201 | |||||||
| Accountancy | and other finance | related | costs | 15,276 | 15,276 | 14,433 | |||
| 15,276 | 48,497 | 52,351 | |||||||
| TOTAL 2020 | 14,433 | 52,351 | |||||||
| 9. | Auditors' | remuneration | |||||||
| 2021 | 2020 | ||||||||
| Fees payable | to the company's | auditor | for the audit ofthe | company's | |||||
| annual | accounts | 5,150 | 4,800 | ||||||
| Fees payable | to the company's | auditor | in respect of: | ||||||
| All non-audit | services not included | above | 7,644 | 8,600 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| F | ||||
| Wages and | salaries | 23,917 | ||
| Social security costs | 887 | |||
| Contribution | to defined contribution | pension schemes | 345 | |
| 25,149 |
| 2021 | 2020 |
|---|---|
| No. | No. |
| Cash | |||
|---|---|---|---|
| Listed | dealing | ||
| investmentsf | account | Totalf | |
| COST OR VALUATION | |||
| At 1 January 2021 |
2,070,757 | 29,339 | 2,100,096 |
| Additions | 230,128 | 230,128 | |
| Disposals | (152,368) | (1,957) | (154,325) |
| Revaluations | 239,593 | 239,593 | |
| At 31December 2021 | 2,388,110 | 27,382 | 2,415,492 |
| NET BOOK VALUE | |||
| At 31 December 2021 | 2,388,110 | 27,3&2 | 2,415,492 |
| AT 31 DECEMBER 2020 | 2,070,757 | 29,339 | 2,100,096 |
| HISTORICAL COST |
| 2021f | 2020f | ||
|---|---|---|---|
| DUE WITHIN | ONE YEAR | ||
| Trade debtors | 516,264 | 507,906 | |
| Other debtors | 23,684 | 22,693 | |
| Prepayments | and accrued income | 5,284 | 4,811 |
| 545,232 | 535,410 |
| 2021f | 2020f | |
|---|---|---|
| Trade creditors | 2,929 | 5,221 |
| Other taxation and social security | 1,489 | |
| Pension contribution | 68 | 68 |
| Accruals and deferred income | 79,207 | 75,765 |
| 82,204 | 82,543 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | Gains/ | December | |||
| 2021 | Income | Expenditure | in/out | (Losses) | 2021 | |
| UNREST'D | ||||||
| FUNDS | ||||||
| DESIGNAT'D | ||||||
| FUNDS | ||||||
| Production | ||||||
| Reserve | 477,000 | (59,000) | 418,000 | |||
| Promotions | ||||||
| Fund for | ||||||
| Botanical | ||||||
| Science | 2,623,269 | 253,672 | 310,922 | 3,187,863 | ||
| 3,100,269 | 194,672 | 310,922 | 3,605,863 | |||
| GENERAL | ||||||
| FUNDS | ||||||
| General Funds | 340,737 | 53&,909 | (387,700) | (194,672) | 297,274 | |
| TOTAL | ||||||
| UNREST'D | ||||||
| FUNDS | 3„441,006 | 538,909 | (387,700) | 310,922 | 3,903,137 |
| Statement offun | ds - prior year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | 31 | |||||
| 1 January | Transfers | Gains/ | December | |||
| 2020 | Income | Expenditure | in/out | (Losses) | 2020 | |
| F | F | F | F | F | ||
| UNREST'D | ||||||
| FUNDS | ||||||
| DESIGNAT'D | ||||||
| FUNDS | ||||||
| Production | ||||||
| Reserve | 432,000 | 45,000 | 477,000 | |||
| Promotions | ||||||
| Fund for | ||||||
| Botanical | ||||||
| Science | 2,525,877 | (6,890) | 104,282 | 2,623,269 | ||
| 2,957,877 | 38,110 | 104,282 | 3,100,269 | |||
| GENERAL | ||||||
| FUNDS | ||||||
| General Funds | 270,160 | 539,987 | (431,300) | (38,110) | 340,737 | |
| TOTAL | ||||||
| UNREST'D | ||||||
| FUNDS | 3,228,037 | 539,987 | (431,300) | 104,282 | 3,441,006 |
| Summary offun |
ds - current year | |||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 31 | |||||
| January | Transfers | Gains/ | December | |||
| 2021f | Income f |
Expenditure | in/out F |
(Losses) | 2021 E |
|
| Designated | ||||||
| funds | 3,100,269 | 194,672 | 310,922 | 3,605,863 | ||
| General funds | 340,737 | 538,909 | (387,700) | (194,672) | 297,274 | |
| 3,441,006 | 538,909 | (387,700) | 310,922 | 3,903,137 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | 31 | |||||
| 1 January | Transfers | Gains/ | December | |||
| 2020 | Income | Expenditure | in/out | (Losses) | 2020 | |
| E | F | F | ||||
| Designated | ||||||
| funds | 2,957,877 | 38,110 | 104,282 | 3,100,269 | ||
| General funds | 270,160 | 539,987 | (431,300) | (38,110) | 340,737 | |
| 3,228,037 | 539,987 | (431,300) | 104,282 | 3,441,006 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2021 | 2021 | |
| Fixed asset investments | 2,415,492 | 2,415,492 |
| Current assets | 1,569,849 | 1,569,849 |
| Creditors due within one year | (82,204) | (82,204) |
| TOTAL | 3,903,137 | 3,903,137 |
| Analysis of net assets between funds -prior year |
||
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2020 | 2020 | |
| F | ||
| Fixed asset investments | 2,100,096 | 2,100,096 |
| Current assets | 1,423,453 | 1,423,453 |
| Creditors due within one year | (82,543) | (82,543) |
| TOTAL | 3,441,006 | 3,441,006 |
| non-cancell | able operating leases as follows: |
||
|---|---|---|---|
| 2021 | 2020 | ||
| Not later than 1 year | 24,168 | 19,476 | |
| Later than | 1 year and not later than 5years | 1,623 | |
| 24,168 | 21,099 |
| Grants and donations | |||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| ISP, Plant Molecular Biology Gordon | Research | Conference | 478 | ||||
| Virtual participant registration |
scholarship | 1,088 | |||||
| American Society of Plant |
Biologists | participant | registration | ||||
| scholarship | 1,082 | ||||||
| AoB Lecturer, Arizona | 386 | ||||||
| AoB Lecture sponsorship | and | registration | support | 469 | |||
| ISP, Botany Virtual Conference | 672 | ||||||
| ISP, Contribution to AgMIP |
Advances | Part | 1:Modelling | 386 | |||
| 2,639 | 1,922 |