2021-12-31-accounts

	Page
Reference and Administrative Details
Trustees' Report	2 to	7
Independent Examiner's Report	8 to	9
Statement ofFinancial Activities
Balance Sheet	11 to	12
Notes to the Financial Statements	13 to	21
Detailed Statement ofFinancial Activities	22 to	23

TRUSTEES	MSJCarr-West
	SC Constable
	H G Crabtree
	KFPFranklin
	PFHemingway
	G PHigginson
	M GKibblewhite	(resigned				27/4/21)
	RJMerrall
	MRMoore (resigned			27/4/21)
	ACNewbold
	RJRickson
	RW Simmons (appointed					27/4/21)
	BDGrieve (appointed				27/4/21)
	M Whiting (appointed				27/4/21)
PRESIDENT	PFHemingway
COMPANY SECRETARY	CDNicklin
REGISTERED OFFICE	The Bullock Building			(Bldg 53)
	University Way
	CRANFKLD
	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
	HSBC
	12AllhaBows
	Bedford
	Bedfordshire
	MK40 1LJ
INVESTMENT MANAGER	Investec
	30Gresham Street
	London
	EC2 7Q

	FOR THK YEAR ENDED 31DECE	MBER 2021
		31.12.21	31.12.20
		Unrestricted	Total
		funds	funds
	Notes	E	L
INCOME AND ENDOWMENTS FROM
Donations and legacies		404	43
Charitable activities
Members' subscriptions	and fees	149,284	138,467
Publications		257,832	194,433
Investment income		15,762	22,818
Other income		1275	8512
Total		424,557	364,273
EXPENDITURE ON
Raising funds
Invesiment management	costs	13425	4 506
		13,425	4,506
Charitable activities
Members' subscriptions	and fees	280,808	248,350
Publications		79@24	80,100
Governance		25349	28,867
Conferences		683	3,885
Total		399,589	365,708
Net gains on investments		42 325	28 275
NET INCOME		67,296	26,840
Other recognised gains/(losses) Gains/(losses) on revaluation offixed assets		22,735	~30,4447
Net movement in funds		90,031	(3,604)
RECONCILIATION	OF FUNDS
Total funds brought forward		1,225,745	1,229,349
TOTAL FUNDS CARRIED FORWARD		1315776	1,225,745

			31.12.21	31.12.20
			Unrestricted	Total
			funds	funds
		Notes	8
FIXEDASSETS
Tangible assets		10	1,495	2,990
Investments		11	818918	7311294
			820,413	741,284
CURRENT ASSETS
Stocks		12	3,760	3,760
Debtors		13	226+31	195,606
Investments		14	126,815	140,039
Cash at bank and in	hand		177,496	192,878
			534802	532,283
CREDITORS
Amounts falling due	within one year	15	(38,939)	(47,822)
NET CURRENT ASSETS			~495 63	484,461
TOTAL ASSETSLESSCURRENT
LIABILITIES			1815,776	1,225,745
NET ASSETS			1,315,776	1,225,745
FUNDS		17
Unrestricted funds:
General fund			720,140	646,598
Designated building	fund		440,000	440,000
Revaluation fund			155636	139147
			1315776	1 225 745
TOTAL FUNDS			~775776	1 225,745

				31.12.21	31.12.20
				E
Income	from	managed	funds	~15762	22,818

INVKSTMKNT MANAGEMENT	COSTS
		31.12.21	31.12.20
		E
Portfolio management		~13425	4,506

			31.12.21	31.12.20
Auditors'	remuneration		2,562	2,500
Depreciation -owned		assets	1,495	2,310
Auditors'	remuneration	for non audit work	~5694	5,433

						31.12.21	31,12.20
Wages and	salaries					114388	105,285
Social security		costs				9419	10,885
Employer's	contribution		to defined contribution		pension schemes	4,697	4,422
Subcontracted		finance	and administrative	support		14414	20,885
						144114	141,477

	31.12.21	31.12.20
Senior management	1	I
Administrative	2	2

	FORTHE YEARENDE	D 31DECEMBER2021
10.	TANGIBLE FIXEDASSETS
		Fixtures
		and	Computer
		fittings	equipment	Totals
	COST
	At 1 January 2021 and
	31December 2021	2829	8,033	10,362
	DEPRECIATION
	At 1 January 2021	2,141	5,231	7072
	Charge for year	94	1,401	1,495
	At 31December 2021	2,235	~6632	~8867
	NET BOOKVALUE
	At 31December 2021	94	~1401	~1495
	At 31December 2020	188	2,802	2,990
11.	FIXEDASSETINVESTMENTS
				Unlisted
	~TVALUE			investments
	At 1 January 2021			738,294
	Additions			292,336
	Disposals			(271,453)
	Revaluations			22,735
	Realised gain, reinvested			42428
	Collective funds charge			(59322)
	At 31December 2021			818,918
	NET BOOKVALUE
	At 31December 2021			~818918
	At 31December 2020			~738294

	Inside UK	Outside UK	31.12.21	31.12.20
		8		E
Properties	45,510		45,510	232,032
Unit busts	237,396	320,504	557,900	355,513
Fixed interest securities	103,262	19,901	123,163	86,797
Cash	20,000		20,000	20,000
Other investments	72,345		72,345	43,952

12.	STOCKS
			31.12.21	31.12.20
				E
	Postage		200	200
	Stationery		500	500
	Tres		60	60
	Printing		3000	3000
			3 760	3 760
13.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.12.21	31.12.20
	Trade debtors			2,858
	VAT		4,145	11,224
	Prepayments	and accrued income	~222 086	~181524
			~226231	~195606
14.	CURRENT ASSETINVESTMENTS
			31.12.21	31.12.20
	Cash deposits		126,818	140,039

CREDITORS: AMOUNTS FALLING DUE WIT	HIN ONE YEAR
	31.12.21	31.12.20
Trade creditors	6,479	10,767
Social security and other taxes	3,626	3,590
Other creditors	784	378
Accruals and deferred income	~28 050	33,087
	~38939	47,822

Minimum lease payments under non-cancellable op	erating leases fall due as follows:
	31.12.21	31.12.20
	K
Within one year	1,712	1,712
Between one and five years	~2568	4,280
	~4280	5,992

MOVEME	NT IN	FUNDS
				Net	Transfers
				movement	between	At
			At 1.1.21	in funds	funds	31.12.21
Unrestricted	funds
General fund			646,598	90,031	06,489)	720,140
Designated	building	fund	440,000			440,000
Revaluation	fund		139147		16,459	155636
			1 225 745	90,031		1315776
TOTAL FUNDS			1225,745	99,931		~225 776

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
					f
Unrestricted	funds
General fund		424,557	(3999589)	65,063	90,031
TOTAL FUNDS		~424 557	~399589	~65 063	~90 031

						Net	Tmusfers
						movement	between	At
					At 1.1.20	in funds	funds	31.12.20
						g
Unrestricted		funds
General fund					558,510	(3,604)	91,692	646,598
Designated Revaluation	building fund		fund		420,000 259939		20,000 ~ll 1 692)	440,000 139147
				1	229 349	3604		1225 745
TOTAL FUNDS				1 229349		~3,694)		1,225,745

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted	funds
General fund		364,273	(365,708)	(2,169)	(3,604)
TOTAL FUNDS		364,273	~365,708	~2,169)	~3,604

	THE INSTITUTION OF AGRICULTURAL ENGINEERS	THE INSTITUTION OF AGRICULTURAL ENGINEERS	THE INSTITUTION OF AGRICULTURAL ENGINEERS
	DETAILED STATEMENT OFFINANCIAL ACTIVITIES
		FORTHE YEAR ENDED 31DECEMBER 2021
			31.12.21	31.12.20
				6
INCOME AND ENDOWMENTS
Donations and legacies
Donations			404	43
Investment income
Income from managed funds			15,762	22,818
Charitable activities
Subscriptions and fees			149,284	138,467
Publications			~257832	194,433
			407,116	332,900
Other income
Other income			1,275	8,512
Total incoming resources			424,557	364,273
EXPENDITURE
Investment management	costs
Portfolio management			13,425	4,506
Charitable activities
Staffcosts			1449115	141,477
Accommodation and premises		costs	6,979	6,167
Office/stationery costs			6,177	5,085
Computer costs and support			19,401	10,455
Conference costs			683	3,885
Costs associated with publications			138,366	126,952
Meetings and travel costs			1,426	1,264
Public relations and recruitment			1,478	2,843
Subscriptions to other organisations			34,226	23,605
Services to members				1,120
Prizes and awards			2,625	1,968
Irrecoverable VAT				2,456
Depreciation oftangible fixed Bank charges		assets	1,196 ~3799	1,847 3,211
			360,471	332,335
Support costs

	FORTHE YEAR ENDED 31D	ECEMBER 2021
		31.12.21	31.12.20
Support costs
Governance costs
Staffcosts		10,373	13,869
Auditors' remuneration		2,562	2,500
Accommodation and premises costs		367	325
Postage and stationery		842	693
Computer costs and support		4,850	2,614
Accountancy and legal fees		5,815	6,388
Meetings and travel costs		61	1,109
Trustee indemnity insurance		305	360
Gifts		219	547
Depreciation oftangible fixed assets		299	462
		~25 693	~28 867
Total resources expended		~399589	~365708
Net income/(expenditure)	before gains
and losses		24,968	(1,435)
Realised recognised gains	and losses
Realised gains/(losses) on	fixed asset
investments		~42 28	~28 275
Net income		~67 296	~26 840