| 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 of Financial | Activities | 13 | ||
| Balance Sheet | 14 | |||
| Notes to the Financial | Statements | 15-26 |
| Trustees | Professor | Hugh | Gordon | Gordon | Dickinson, | Principal | Principal | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Professor | Roderick Hunt | ||||||||||
| Professor | Philip | Mark | Gilmartin | ||||||||
| Company | registered | ||||||||||
| number | 00078001 | ||||||||||
| Charity registered | |||||||||||
| number | 237771 | ||||||||||
| Registered | office | 1 Emperor | Way | ||||||||
| Exeter Business | Park | ||||||||||
| Exeter | |||||||||||
| EX13QS | |||||||||||
| 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 | ||||||||||
| 2nd Floor | Stratus House | ||||||||||
| Emperor Way | |||||||||||
| Exeter Business | Park | ||||||||||
| Exeter | |||||||||||
| EX13QS | |||||||||||
| Bankers | National Westminster |
Bank pic | |||||||||
| Exeter Business | Centre | ||||||||||
| Vantage Point |
|||||||||||
| Pynes Hill |
|||||||||||
| Exeter | |||||||||||
| EX2 5FD | |||||||||||
| Bank of Scotland pic | |||||||||||
| 8 Lochside | Avenue | ||||||||||
| Edinburgh | |||||||||||
| EH12 9DJ | |||||||||||
| Santander | UK pic | ||||||||||
| Bridle Road | |||||||||||
| Bootle | |||||||||||
| GIR OAA | |||||||||||
| Solicitors | Ashfords LLP |
||||||||||
| Ashfords House |
|||||||||||
| Grenadier | Road | ||||||||||
| Exeter | |||||||||||
| EX1 3LH |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| Note | E | |||||
| Income from: | ||||||
| Charitable activities |
473,328 | 473,328 | 512,109 | |||
| Investments | 31,569 | 31,569 | 26,800 | |||
| Total income | 504,897 | 504,897 | 538,909 | |||
| Expenditure on: |
||||||
| Raising funds | 32,577 | 32,5T7 | 31,362 | |||
| Charitable activities |
423,442 | 423,442 | 356,338 | |||
| Total expenditure | 456,019 | 456,019 | 387,700 | |||
| Net income before | net gains | on investments | 48,878 | 48,878 | 151,209 | |
| Net gains on investments | 65,082 | 65,082 | 71,329 | |||
| Net movement in funds before other recognised |
||||||
| gains/(losses) | 113,960 | 113,960 | 222,538 | |||
| Other recognised gains/(losses): |
||||||
| Gains/(losses) on revaluation |
offixed asset | |||||
| investments | (414,128) | (414,128) | 239,593 | |||
| Net movement in funds |
(300,168) | (300,168) | 462,131 | |||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 3,903,137 | 3,903,137 | 3,441,006 | ||
| Net movement in funds |
(300,168) | (300,168) | 462,131 | |||
| Total funds carried | forward | 3,602,969 | 3,602,969 | 3,903,137 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| E | E | ||
| AoBjournal | 450,600 | 450,600 | 473,725 |
| AoB Plants journal | 22,728 | 22,728 | 38,384 |
| TOTAL 2022 | 473,328 | 473,328 | 512,109 |
| TOTAL 2021 | 512,109 | 512,109 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| E | ||||
| Dividend | income | 25,114 | 25,114 | 23,722 |
| Bank and | other interest | 6,455 | 6,455 | 3,078 |
| 31,569 | 31,569 | 26,800 | ||
| TOTAL 2021 | 26,800 | 26,800 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| E | ||||
| Portfolio management | fee | 32,577 | 32,577 | 31,362 |
| TOTAL 2021 | 31,362 | 31,362 |
| Grants to | Total | Total | ||
|---|---|---|---|---|
| Individuals | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| E | E | |||
| Grants, | AoBjournal | 13,671 | 13,671 | 2,639 |
| TOTAL | 2021 | 2,639 | 2,639 |
| Activities | Grant | ||||
|---|---|---|---|---|---|
| undertaken | funding of | Support | Total | Total | |
| directly | activities | costs | funds | funds | |
| 2022 | 2022 | 2022 | 2022 | 2021 | |
| F | f: | E | |||
| AoBjournal | 192,747 | 13,671 | 18,886 | 225,304 | 186,604 |
| AoB Plants journal | 27,120 | 10,737 | 37,857 | 28,265 | |
| AoB Slog | 48,224 | 22,538 | 70,762 | 53,271 | |
| ISPjournal | 66,860 | 6,551 | 73,411 | 72,922 | |
| Goverance costs | 16,108 | 16,108 | 15,276 | ||
| 334,951 | 13,671 | 74,820 | 423,442 | 356,338 | |
| TOTAL 2021 | 305,202 | 2,639 | 48,497 | 356,338 |
| AoB | ||||||
|---|---|---|---|---|---|---|
| PLANTS | Total | Total | ||||
| AoBjournal | journal | AoB Blog | ISPjournal | funds | funds | |
| 2022 E |
2022 | 2022 E |
2022 f |
2022 E |
2021 F |
|
| Chief Editor fees | 17,746 | 5,360 | 47,280 | 70,386 | 53,495 | |
| Editorial Office | ||||||
| fees &salaries | 115,713 | 1,565 | 50,000 | 167,278 | 141,355 | |
| Editorial Office | 2,635 | 370 | 944 | 3,949 | 1,457 | |
| Editorial Board | ||||||
| fees | 34,441 | 16,588 | 16,860 | 67,889 | 88,097 | |
| Manuscript | ||||||
| handling | 13,165 | 3,237 | 16,402 | 9,826 | ||
| Editorial | ||||||
| services | 8,825 | 8,825 | 10,852 | |||
| Payroll fees | 222 | 222 | 120 | |||
| 192,747 | 27,120 | 48,224 | 66,860 | 334,951 | 305,202 | |
| TOTAL 2021 | 166,501 | 24,691 | 48,010 | 66,000 | 305,202 |
| AoB | ||||||
|---|---|---|---|---|---|---|
| PLANTS | ||||||
| AoBjournal | journal | AoB Blog | ISPjournal | |||
| 2022 F |
2022f | 2022 E |
2022 | |||
| External | travel | and meeting costs | 8,080 | |||
| Company | office costs | 18,886 | 2,657 | 4,725 | 6,551 | |
| Internal travel | and meeting costs | 17,813 | ||||
| Accountancy | and other finance related | |||||
| costs | ||||||
| 18,886 | 10,737 | 22,538 | 6,551 | |||
| TOTAL 2021 | 17,464 | 3,574 | 5,261 | 6,922 |
| Goverance | Total | Total | |||||
|---|---|---|---|---|---|---|---|
| costs | funds | funds | |||||
| 2022f | 2022 f. |
2021 | |||||
| External travel and meeting costs | 8,080 | 984 | |||||
| Company office costs |
32,819 | 32,012 | |||||
| Internal travel | and meeting costs | 17,813 | 225 | ||||
| Accountancy | and other finance | related | costs | 16,108 | 16,108 | 15,276 | |
| 16,108 | 74,820 | 48,497 | |||||
| TOTAL 2021 | 15,276 | 48,497 | |||||
| Auditors' remuneration |
|||||||
| 2022f | 2021 | ||||||
| Fees payable | to the company's | auditor | for the audit ofthe company's | ||||
| annual accounts | 5,870 | 5,150 | |||||
| Fees payable | to the company's | auditor | in respect of: | ||||
| All non-audit | services not included | above | 7,524 | 7,644 |
| Cash | |||
|---|---|---|---|
| Listed | dealing | ||
| investments | account | Total | |
| f. | |||
| COST OR VALUATION | |||
| At 1 January 2022 |
2,388,110 | 27,382 | 2,415,492 |
| Additions | 187,804 | 187,804 | |
| Disposals | (125,068) | (4,749) | (129,817) |
| Revaluations | (414,126) | (414,126) | |
| At 31 December 2022 | 2,036,720 | 22,633 | 2,059,353 |
| NET BOOK VALUE | |||
| At 31 December 2022 | 2,036,720 | 22,633 | 2,059,353 |
| AT 31 DECEMBER 2021 | 2,388,110 | 27,382 | 2,415,492 |
| HISTORICAL COST |
| 2022 | 2021 | ||
|---|---|---|---|
| F | |||
| DUE WITHIN | ONE YEAR | ||
| Trade debtors | 473,331 | 516,264 | |
| VAT debtor | 17,288 | 23,684 | |
| Prepayments | and accrued income | 3,320 | 5,284 |
| 493,939 | 545,232 |
| 2022 | 2021 | |
|---|---|---|
| Trade creditors | 29,103 | 2,929 |
| Pension contribution | 68 | |
| Accruals and deferred income | 98,163 | 79,207 |
| 127,266 | 82,204 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | Gains/ | December | |||
| 2022f | Income | Expenditure | in/out F |
(Losses)f | 2022 f. |
|
| UNREST'D | ||||||
| FUNDS | ||||||
| DESIGNAT'D | ||||||
| FUNDS | ||||||
| Production | ||||||
| Reserve | 418,000 | 40,000 | 458,000 | |||
| Promotions | ||||||
| Fund for | ||||||
| Botanical | ||||||
| Science | 3,187,863 | (28,799) | (349,046) | 2,810,018 | ||
| 3,605,863 | 11,201 | (349,046) | 3,268,018 | |||
| GENERAL | ||||||
| FUNDS | ||||||
| General Funds | 297,274 | 504,897 | (456,019) | (11,201) | 334,951 | |
| TOTAL | ||||||
| UNREST'D | ||||||
| FUNDS | 3,903,137 | 504,897 | (456,019) | (349,046) | 3,602,969 |
| Statement offunds | (continued) | |||||
|---|---|---|---|---|---|---|
| Statement offunds | - prior year | |||||
| Balance at | ||||||
| Balance at | 31 | |||||
| 1 January | Transfers | Gains/ | December | |||
| 2021 | income | Expenditure | in/out | (Losses) | 2021 | |
| F | E | E | f. | |||
| 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 | 538,909 | (387,700) | (194,672) | 297,274 | |
| TOTAL | ||||||
| UNREST'D | ||||||
| FUNDS | 3,441,006 | 538,909 | (387,700) | 310,922 | 3,903,137 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | 31 | |||||
| January | Transfers | Gains/ | December | |||
| 2022 | Income | Expenditure | in/out | (Losses) | 2022 | |
| E | E. | E | ||||
| Designated | ||||||
| funds | 3,605,863 | 11,201 | (349,046) | 3,268,018 | ||
| General funds | 297,274 | 504,897 | (456,019) | (11,201) | 334,951 | |
| 3,903,137 | 504,897 | (456,019) | (349,046) | 3,602,969 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | 31 | |||||
| 1 January | Transfers | Gains/ | December | |||
| 2021 | Income | Expenditure F |
in/out E |
(Losses) | 2021f | |
| 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 |
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2022f | 2022f | |
| Fixed asset investments | 2,059,353 | 2,059,353 |
| Current assets | 1,670,882 | 1,670,882 |
| Creditors due within one year | (127,266) | (127,266) |
| TOTAL | 3,602,969 | 3,602,969 |
| Analysis of net assets between funds - prior year | ||
|---|---|---|
| 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 |
| non- | cance | llable | operating leases as follows: |
|||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| E | ||||||
| Not | later | than | 1 | year | 30,526 | 24,168 |
| 2022f | 2021 | |||||
|---|---|---|---|---|---|---|
| Virtual participant registration |
scholarship | 1,088 | ||||
| American Society of Plant Biologists participant |
registration | |||||
| scholarship | 1,082 | |||||
| AoB Lecture sponsorship and |
registration | support | 1,645 | 469 | ||
| AOB ComBio sponsorship | 2,200 | |||||
| ISP, Interdrout Vll International |
Conference | 3,384 | ||||
| ISP, Gordon Research Conference sponsorship | 841 | |||||
| ISP, Converia 7th International | Plant Pheonotyping | Symposium | 469 | |||
| ISP,Zollpackhof sponsorship | 5,132 | |||||
| 13,671 | 2,639 |