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|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Trustees' Report|2|to|7|
|Independent
Examiner's Report||||
|Statement ofFinancial Activities||||
|Balance Sheet|10|to|11|
|Notes to the Financial Statements|12|to|20|
|Detailed Statement ofFinancial Activities|21|to|22|
##
|TRUSTEES|Mr M SJCarr-West|||
|---|---|---|---|
||Mr SC Constable|||
||Mr H G Crabtree|||
||Mr KFP Franklin|||
||Mr PFHemingway|||
||Mr GP Higginson|||
||ProfM G Kibblewhite|||
||Mr RJMerrall|||
||Dr M RMoore|||
||Mr A CNewbold|||
||ProfRJRickson|||
|PRESIDENT|Mr PFHemingway|||
|COMPANY SECRETARY|Mr C DNicklin|||
|REGISTERED OFFICE|The Bullock Building||(Bldg 53)|
||University
Way|||
||CRANF IELD|||
||Bedfordshire|||
||MK43 OGH|||
|REGISTERED COMPANY|00648041 (England|and Wales)||
|NUMBER||||
|REGISTERED CHARITY|257303|||
|NUMBER||||
|INDEPENDENT EXAMINER|Landers Accountants||Ltd|
||Church View Chambers|||
||38Market Square|||
||Toddington|||
||Bedfordshire|||
||LU5 6BS|||
|BANKERS|HSBC|||
||12Allhallows|||
||Bedford|||
||Bedford shire|||
||MK40 1LJ|||
|INVESTMENT MANAGER|Investec|||
||30Gresham
Street|||
||London|||
||EC2 7QP|||
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||FORTHE YE|AR ENDED 31DECE|MBER2020||
|---|---|---|---|---|
||||31.12.20|31.12.19|
||||Unrestricted|Total|
|||Notes|funds
f|funds|
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies|||43|175|
|Charitable
activities|||||
|Members'
subscriptions|and fees||138,467|159,345|
|Publications|||194,433|237,274|
|Projects||||14,013|
|Technical accreditation|scheme|||4,176|
|Conferences||||3,196|
|Investment
income
Other income|||22,818
~812|30396
583|
|Total|||364,273|449,058|
|EXPENDITURE ON|||||
|Raising funds
Investment
management|costs||~406|6906|
||||4,506|6,906|
|Charitable
activities|||||
|Members'
subscriptions|and fees||248850|234,586|
|Publications|||80,100|67,715|
|Governance|||28,867|25,941|
|Conferences|||3,885||
|Total|||365,708|335,148|
|Net gains on investments|||20270|10069|
|NET INCOME|||26,840|123,979|
|Other recognised gains/(losses)|||||
|Gains/(losses)
on revaluation offixed assets|||(30,444)|46,308|
|Net movement
in funds|||(39604)|170,287|
|RECONCILIATION|OFFUNDS||||
|Total funds brought forward|||~2229
49|1 0591162|
|TOTAL FUNDS CARRIED FORWARD|||1225 745|1,229,349|
##
|||BALANCE SHEET
31DECEMBER 2020|||
|---|---|---|---|---|
||||31.12.20|31.12.19|
||||Unrestricted|Total|
||||funds|funds|
|||Notes|||
|FIXEDASSETS|||||
|Tangible assets||10|2,990|4,114|
|Investments||11|730294|758,253|
||||741,284|762,367|
|CURRENT ASSETS|||||
|Stocks||12|3,760|3,760|
|Debtors||13|195,606|183,113|
|Investments||14|140,039|158,077|
|Cash at bank and in hand|||192078|170658|
||||532,283|515,608|
|CREDITORS|||||
|Amounts
falling due within one year||15|(47,822)|(48,626)|
|NET CURRENT ASSETS|||404 461|466 982|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||1,225,745|1,229,349|
|NET ASSETS|||~125745|~129349|
|FUNDS||17|||
|Unrestricted
funds:|||||
|General fund|||646,598|558,510|
|Designated
building|fund||440,000|420,000|
|Revaluation
fund|||139,147|250 839|
||||1,225,745|1,229,349|
|TOTAL FUNDS|||1225745|1229349|
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|||||31.12.20|31.12.19|
|---|---|---|---|---|---|
|Income|from|managed|funds|~22 818|~30 296|
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|INVEST|MENT MANAGEMENT
COSTS|||
|---|---|---|---|
|||31.12.20
f|31.12.19|
|Portfolio|management|4,506|6,906|
##
||||31.12.20
f|31.12.19|
|---|---|---|---|---|
|Auditors'|remuneration||2,500|2,370|
|Depreciation - owned||assets|2310|1,806|
|Auditors'|remuneration|for non audit work|~5433|~7228|
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|||||2020|2019|
|---|---|---|---|---|---|
|Wages and salaries
Social security costs
Employer's
contribution
Subcontracted
finance|to defined contribution
pension schemes
and administrative
support|||113,279
7,990
3,997
30050|109,821
7,925
3,555
ill 944|
|||||~155 46|140243|
|||~1|55 46|140243|
|---|---|---|---|---|
|The average monthly|number ofemployees|during the year was as follows:|||
||||31.12.20|31.12.19|
|Senior management|||I|1|
|Administrative|||2|2|
||||3||
##
##
|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Fixtures|||
||and|Coinputer||
||fittings|equipment|Totals|
|COST||||
|At I January 2020|3,110|30,177|33,287|
|Additions||1,186|1,186|
|Disposals
Reclassification|(1,158)
377|(22,953)
~377|(24,111)|
|At 31December 2020|2,329|8,033|~10 62|
|DEPRECIATION||||
|At 1January 2020|3,110|26,063|29,173|
|Charge for year|95|2,215|2@10|
|Eliminated
on disposal
Reclassification/transfer|(1,158)
94|(22,953)
~94)|(24,111)|
|At 31December 2020|~2141|~5231|~7372|
|NET BOOKVALUE||||
|At 31 December 2020|188|2,802|~2990|
|At 31 December 2019||4,114|~4114|
##
|FIXEDASSETINVESTMENTS||
|---|---|
||Unlisted|
||investments|
||I|
|MARKET VALUE||
|At 1 January 2020|758,253|
|Additions|139,792|
|Disposals|(122,191)|
|Revaluations|(30,444)|
|Realised gain, reinvested|28,275|
|Transfer to current asset investment|~35391|
|At 31December 2020|~738294|
|NET BOOKVALUE||
|At 31December 2020|~738 294|
|At 31 December 2019|758,253|
##
##
||Inside UK|Outside UK|2020f|2019|
|---|---|---|---|---|
|Pmperties|232,032||232,032|231,649|
|Unit trusts|179,797|175,716|355,513|352,997|
|Fixed interest securities|86,797||86,797|85,366|
|Cash|20,000||20,000|55,526|
|Other investments|43,925||43 952|32 715|
||||730294|755253|
##
##
|DEBTORS:|AMOUNTS FALLING DUE WITHIN|ONE YEAR||
|---|---|---|---|
|||3L12.20
f|31.12.19|
|Trade debtors||2,858||
|VAT||11,224|1,489|
|Prepayments|and accrued income|~181524|181624|
|||195,606|183,113|
##
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|CURRE|NT ASSETINVESTMENTS|||
|---|---|---|---|
|||31.12.20|31.12.19|
|Unlisted|investments|140,039|158077|
##
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|CREDITORS: AMOUNTS FALLING DUE WIT|HIN ONE YEAR||
|---|---|---|
||31.12.20|31.12.19|
|Trade creditors|10,767|4,538|
|Social security and other taxes|3,590|3377|
|Other creditors|37$|822|
|Accruals and deferred income|~330$7|~39 889|
||~47 $22|~48 626|
##
##
##
|MOVEMEN|T IN|FUNDS|||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.20|in funds|funds|31.12.20|
|Unrestricted|funds||||||
|General fund|||558,510|(3,604)|91,692|646,598|
|Designated
building
Revaluation
fund||fund|420,000
250039||20,000
~tt2 692)|440,000
139147|
||||1,229349|~3604)||1,225,745|
|TOTAL FUNDS|||~)329 49|~3,604)||1225745|
##
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|||Incoming|Resources|Gains aud|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||364,273|(365,708)|(2,169)|(3,604)|
|TOTAL FUNDS||~364 273|~65 708)|~2,169|~3604|
##
||||||Net|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|between|At|
|||||At 1.1.19|in funds|funds|31.12.19|
||||||f.|||
|Unrestricted||funds||||||
|General fund||||453,196|170,287|(64,973)|558,510|
|Designated|building||fund|400,000||20,000|420,000|
|Revaluadon
Designated|fund
memorial||fund|201,368
44911||49,471
~4498)|250,839|
|||||1,059,062|170287||1,229349|
|TOTAL FUNDS||||1059062|~170 87|.|1229349|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||6||||
|Unrestricted|funds|||||
|General fund||449,058|(335,148)|56,377|170,287|
|TOTAL FUNDS||449,058|~335,148|~56 377|~170287|
##
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|THE INSTITUTION OFAGRICULTURAL ENGINEERS|THE INSTITUTION OFAGRICULTURAL ENGINEERS|||
|---|---|---|---|
|DETAILED STATEMENT OFFINANCIAL ACTIVITIES||||
||FORTHEYEARENDED 31DECEMBER2020|||
|||31.12.20|31.12.19|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations||43|175|
|Investment
income||||
|Income from managed
funds||22,818|30,296|
|Charitable
activities||||
|Subscriptions
and fees
Publications
projects
Technician Accreditation
scheme
Conference||138,467
194,433|159,345
237,274
14,013
4,176
~3196|
|||332,900|418,004|
|Other income||||
|Other income||~8512|583|
|Total incoming resources||364&273|449,058|
|EXPENDITURE||||
|Investment
management
costs||||
|Portfolio management||4,506|6,906|
|Charitable
activities||||
|Staffcosts
Accommodation
and premises costs
OAice/stationery
costs
Computer costs and support
Conference costs
Costs associated with publications
Meetings
and travel costs
Project delivery expenses
Public relations
and recruitment
SubscripSons
to other organisations
Services to members
Merchandise||141,477
6,167
5,085
10,455
3,885
126,952
1,264
2,843
23,605
1,120|126,892
11,017
7,107
8,488
101,681
10,849
2,390
2,409
19,938
1,120
15|
|Prizes and awards
Irrecoverable
VAT
Cerned forward||1,968
2,456
327r277|2,238
2,508
296,652|
##
|DETAILED STATEMENT OFFINANCIAL ACTIVITIES|DETAILED STATEMENT OFFINANCIAL ACTIVITIES|||
|---|---|---|---|
||FORTBEYEARENDED 31DECEMBER 2020|||
|||31.12.20|31.12.19|
|Charitable
activities||||
|Brought forward
Depreciation oftangible fixed
Bank charges|assets|327&277
1,847
3&211|296,652
1,445
~4204|
|||332,335|302,301|
|Support costs||||
|Governance
costs||||
|Staffcosts
Auditors'
remuneration
Accommodation
and premises|costs|13,869
2,500
325|10,873
2,370
268|
|Postage and stationery
Computer costs and support
Accountancy
and legal fees
Meetings
and travel costs
Trustee indemnity
insurance||693
2,614
6,388
1,109
360|1,254
7,228
3,312
360|
|Gifts
Depreciation oftangible fixed|assets|547
462|276|
|||~28
67|25,941|
|Total resources
expended||365,708|335,148|
|Net (expenditure)/income
before gains||||
|and losses||(1&435)|113,910|
|Realised recognised gains and|losses|||
|Realised gains/(losses)
on fixed|asset|||
|investments||28,275|10,069|
|Net income||~26 840|123,979|