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