2022-03-31-accounts - Rothamsted Research Limited

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LegalandAdministrativeInformation	2
Trustees'Report(incorporatingtheStrategicReport-pages6-16)	3-20
StatementofTrustees'Responsibilities	21
IndependentAuditor'sReport	22-25
ConsolidatedStatementofFinancialActivities	26
CharityStatementofFinancialActivities	27
BalanceSheets	28
ConsolidatedandCharityCashFlowStatements	29-30
AccountingPolicies	31-36
NotestotheFinancialStatements	37-58
IncomeandExpenditureAccounts	59

Portfolio	ISP	NC
Superior	• DesigningFutureWheat(DFW)
Crops	• TailoringPlantMetabolism(TPM)
Securing	• SmartCropProtection(SCP)	• RothamstedInsectSurvey(RIS)
Productivity
FutureAgri-	• SoiltoNutrition(S2N)	• NorthWykeFarmPlatform(NWFP)
FoodSystems	• AchievingSustainableAgriculturalSystems	• Long-TermExperiments(LTE)
	(ASSIST)

Recruitmentandretentionof	Reducedabilitytosecurenew	Openand transparentrecruitmentand
highperformingscientistsor	incomeanddamagetoreputation	promotionprocesses.External
keystaff	andmorale.	scientificreviewsandidentification
		ofnewareasforfundingand
		collaboration.Competitivebenefits
		andbenchmarkingofpayand
		rewards.
Lossofmajorincome	Long-termsustainability&	Strategicreviewsaspartofthe
stream	reputation	Transformationprogrammedelivered
		throughfourworkinggroups;
		Improvedunderstanding,systemsand
		oversightofcompetitivegrants;
		Strengthenedcommercialisation
		capabilityandIPpolicy.
Non-compliancewithlaws	Arobustsystemofcontrolsexists	Health&SafetyStrategyGroup
andstandards	toprotecttheInstitute'speople,	establishedandgovernancestructures
	assets,andreputation	strengthened;
		GreaterFinanceandAudit
		Committeeoversight;
		ManagementCommitteereviewof
		allpoliciesandprocedures.

	2020/21	2021/22	Targetfor
			2022/23
KPI1:Grantsawarded(£'000)	9,488	22,924	15,000
KPI2:Grantsawarded(number)	85	200	200
KPI3:Grantsuccessrate(allfenders)	39%	45%	45%
KPI4:Ratioofsciencetotechnicial/adminstaff(FTE)	2.37	2.53	2.55

InformationRequired	CurrentReportingYearUK	PreviousReportingYear
	andoffshore
Energyconsumptionusedto calculateemissions:/kWh	Gas-17,249,751kWh Propane-562,874kWh	Gas-14,234,460kWh Electricity—6,031,102
	Transport-158,666kWh	kWhTransport-
	Electricity-9,636,271kWh	107,911kWh
	Total-27,607,562kWh	Total-20,373,473kWh
Emissionsfromcombustion	3,501tonnes	2,617.3tonnes
ofgastCO2e(Scope1)
Emissionsfromcombustion	39.8tonnes	Nonereported
ofpropanetCO2e(Scope1)
Emissionsfrombusiness	130.9tonnes	27.5tonnes
travelincompanyowned
vehicles(Scope1)
Emissionsfrompurchased	2,046tonnes	1,406.1tonnes
electricity(Scope2,location-
based)
InformationRequired	CurrentReportingYearUK	PreviousReportingYear
	andoffshore
TotalgrossCO2ebasedon	5,718tonnes	4,050.9tonnes
above
Intensityratio:CO2egross	Metressquaredofoccupied	Metressquaredofoccupied
figurebasedon mandatoryfieldsabove/e.g.	property.Thisisbecausethis figureisalreadyusedfortheir BBSRCKPIcalculation.Thetotal	property.Thisisbecausethis figureisalreadyusedfortheir BBSRCKPIcalculation.The
£100,000revenue	figureforRothamstedResearch	totalfigureforRothamsted
(takenfrom5Results)	Limitedis63,812.5m2.Total	ResearchLimitedis
	emissionswere0.09tonnesCO2eper	59,868.5m2.Totalemissions
	metersquaredofoccupiedproperty.	were0.07tonnesCO2epermeter
		squaredofoccupiedproperty.

	Notes			Total	Total
		Unrestricted	Restricted	funds	funds
		funds	funds	2022	2021
		£'000	£'000	£'000	£'000
INCOME
Incomefrom:
-trading	1	352		352	127
-investments	2	39		39	40
Netinterestinresultsofjointventure	12				128
Incomefromcharitableactivities:
-scientificresearch	3	4,246	23,242	27,488	29,748
-capitalgrants	3	-	7,707	7,707	4,818
-postgraduateeducationandtraining	3	202	490	692	607
		4,448	31,439	35,887	35,173
TOTALINCOME		4,839	31,439	36,278	35,468
EXPENDITUREON:
Raisingfunds	5	11		11	116
Charitableactivities	6a	7,253	25,068	32,321	31,025
Netinterestinresultsofjointventure	12	20		20
TOTALEXPENDITURE		7,284	25,068	32,352	31,141
Netgainsoninvestments	12	18		18	202
NETINCOME/(EXPENDITURE)FOR		(2,427)	6,371	3,944	4,529
THEYEARBEFORETRANSFERS
Transfersbetweenfunds	16
NETMOVEMENTINFUNDSINYEAR		(2,427)	6,371	3,944	4,529
RECONCILIATIONOFFUNDS
Fundbalancesat1April2021(Restated)		17,404	51,362	68,766	64,237
Fundbalancesat31March2022		14,977	57,733	72,710	68,766

				Total	Total
		Unrestricted	Restricted	funds	funds
		funds	funds	2022	2021
	Notes	£'000	£'000	£'000	£'000
INCOME
Incomefrom:
-trading	1	352		352	127
-investments	2	39		39	40
Incomefromcharitableactivities:
-scientificresearch	3	4,246	23,242	27,488	29,748
-capitalgrants	3	-	7,707	7,707	4,818
-postgraduateeducationandtraining	3	202	490	692	607
		4,448	31,439	35,887	35,173
TOTALINCOME		4,839	31,439	36,278	35,340
EXPENDITUREON:
Raisingfunds	5	11		11	15
Charitable activities	6a	7,253	25,068	32,321	31,126
TOTALEXPENDITURE		7,264	25,068	32,332	31,141
Netgainsoninvestments		18	-	18	202
NETINCOME/(EXPENDITURE)FOR		(2,407)	6,371	3,964	4,401
THEYEARBEFORETRANSFERS
Transferbetweenfunds	16
NETMOVEMENTINFUNDSINYEAR		(2,407)	6,371	3,964	4,401
RECONCILIATIONOFFUNDS
Fundbalancesat1April2021(Restated)		17,387	51,362	68,749	64,348
Fundbalancesat31March2022		14,980	57,733	72,713	68,749

				Restated	Restated
	Notes	Group	Charity	Group	Charity
		2022	2022	2021	2021
		£'000	£'000	£'000	£'000
FIXEDASSETS
Tangibleassets	10	53,949	53,949	50,873	50,873
Intangibleassets	11	695	695	956	956
Investments	12	374	374	356	356
SocialInvestments	12	1,120	1,120	840	840
Jointventure	12			20
		56,138	56,138	53,045	53,025
CURRENTASSETS
Stock		887	887	748	748
Debtors	13	6,256	6,256	6,062	6,062
Cashatbankandinhand		15,372	15,372	16,616	16,616
		22,515	22,515	23,426	23,426
CREDITORS:Amountsfallingdue
withinoneyear	14	(5,943)	(5,940)	(7,705)	(7,702)
NETCURRENTASSETS		16,572	16,575	15,721	15,724
TOTALASSETSLESS
CURRENTLIABILITIES		72,710	72,713	68,766	68,749
NETASSETS		72,710	71,713	68,766	68,749
FUNDS
Restrictedfunds	16	57,733	57,733	51,362	51,362
Unrestrictedfunds:
Generalfunds		14,227	14,230	15,064	15,047
Designatedfunds		750	750	2,340	2,340
	16	14,977	14,980	17,404	17,387
TOTALFUNDS		72,710	72,713	68,766	68,749

	Notes	2022	2021
		£'000	£'000
Cashgeneratedfrom/(usedin)operations	18	(2,062)	4,814
CashflowsfromInvestingactivities
Dividends,interestandrentfrominvestments		39	40
Purchaseofproperty,plantandequipment		(6,630)	(4,419)
Capitalgrantsreceived		7,707	4,818
Concessionaryloansgranted		(280)	(840)
(Increase)/Decreaseinmoneymarketdepositsgreaterthan90days		4	(7,504)
NetgainonInvestments		(18)	(202)
Netcash(usedin)/generatedfrominvestingactivities		822	(8,107)
Changeincashandcashequivalentsinreportingperiod		(1,240)	(3,293)
Cashandcashequivalentsatbeginningofreportingperiod		9,112	12,405
Cashandcashequivalentsattheendofthereportingperiod	18	7,872	9,112

	Notes	2022	2021
		£'000	£'000
Cashgeneratedfrom/(usedin)operations	19	(2,062)	4,874
CashflowsfromInvestingactivities
Dividends,interestandrentfrominvestments		39	40
Purchaseofproperty,plantandequipment		(6,630)	(4,419)
Capitalgrantsreceived		7,707	4,818
Concessionaryloansgranted		(280)	(840)
(Increase)/decreaseinmoneymarketdepositsgreaterthan90days		4	(7,504)
Netgainoninvestments		(18)	(202)
Netcash(usedin)/generatedfrominvestingactivities		822	(8,107)
Changeincashandcashequivalentsinreportingperiod		(1,240)	(3,233)
Cashandcashequivalentsatbeginningofreportingperiod		9,112	12,345
Cashandcashequivalentsattheendofthereportingperiod	19	7,872	9,112

	Fairvalueasat	Sales	Purchases	Gain/Loss	Fairvalueasat
	01/04/21			revaluation	31/03/22
	£'000	£'000	£'000	£'000	£'000
Cattle	353	(248)	19	184	307
Sheep	72	(81)	26	58	76
	425	(329)	45	242	383

1	TRADING	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
	INCOME	2022	2021	2022	2021	2022	2021
	GROUP	£'000	£'000	£'000	£'000	£'000	£'000
	Consultancy	42				42
	Royalties	101	-	-		101	-
	RentalIncome	39	29			39	29
	BackOffice	164	94			164	94
	Other	6	4			6	4
		352	127			352	127
	CHARITY	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
		2022	2021	2022	2021	2022	2021
		£'000	£'000	£'000	£'000	£'000	£'000
	Consultancy	42				42
	Royalties	101	-			101
	RentalIncome	39	29			39	29
	BackOffice	164	94			164	94
	Other	6	4			6	4
		352	127			352	127
2	INVESTMENT	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
	INCOME	2022	2021	2022	2021	2022	2021
		£'000	£'000	£'000	£'000	£'000	£'000
	GROUPAND
	CHARITY
	Dividendincome	28	25			28	25
	Interestreceivable	11	15			11	15
		39	40			39	40

		Restated		Restated
GROUPANDCHARITY	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
	2022	2021	2022	2021	2022	2021
	£'000	£'000	£'000	£'000	£'000	£'000
StrategicFunding			10,087	10,087	10,087	10,087
CompetitiveProjectGrant	5	4	4,371	2,987	4,376	2,991
OpenAccessFunding			85	85	85	85
StrategicHires			200	200	200	200
InstituteDevelopmentgrant			201		201	-
CapitalEquipment			5,480	3,583	5,480	3,583
Capitalmaintenance		-	2,227	1,235	2,227	1,235
RedundancyFunding				845		845
ResourceGrantFunding	1,870	5,190	1,730	1,600	3,600	6,790
TOTALBBSRC	1,875	5,194	24,381	20,622	26,256	25,816
DEFRA		10	1,113	317	1,113	327
OtherGovernment
Departments/
PublicSector(seebelow)	58	28	2,178	2,052	2,236	2,080
EuropeanUnion	-		346	797	346	797
Industry	166	139	1,516	1,375	1,682	1,514
Trusts,Foundations,	465	729	250	9	715	738
Charities
SHAKEClimate			919	1,181	919	1,181
IncomefromFarm	689	707			689	707
Operations
ERDF			204	590	204	590
PostgraduateEducationand	202	35	490	572	692	607
TrainingUnion
OpenAccessFunding
(RCUK)	-		40	60	40	60
IncomefromH&CE	307	134			307	134
VAT Recovery	253	324		-	253	324
RechargestoRelatedParties	358	285	-		358	285
Miscellaneousincome	75	13	2		77	13
TOTALINCOME	4,448	7,598	31,439	27,575	35,887	35,173
OtherGovernment
Departments/
PublicSector:
OtherResearchCouncils	14		1,874	1,947	1,888	1,947
Other	44	28	304	105	348	133
	58	28	2,178	2,052	2,236	2,080

4	INCOME
			Restated		Restated
	GROUP	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
	Analysisofincomeby	2022	2021	2022	2021	2022	2021
	geographicalregion:	£'000	£'000	£'000	£'000	£'000	£'000
	DomesticCustomers	4,604	7,893	30,819	26,630	35,423	34,523
	(UK)
	EUCustomers	120		528	931	648	931
	Non-EUCustomers	115		92	14	207	14
		4,839	7,893	31,439	27,575	36,278	35,468
			Restated		Restated
	CHARITY	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
	Analysisofincomeby	2022	2021	2022	2021	2022	2021
	geographicalregion:	£'000	£'000	£'000	£'000	£'000	£'000
	DomesticCustomers	4,604	7,765	30,819	26,630	35,423	34,395
	(UK)
	EUCustomers	120		528	931	648	931
	Non—EUCustomers	115		92	14	207	14
		4,839	7,765	31,439	27,575	36,278	35,340
5	COSTOFRAISING	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
	FUNDS	2022	2021	2022	2021	2022	2021
		£'000	£'000	£'000	£'000	£'000	£'000
	GROUP
	Consultancy	11	15			11	15
	Costofgoodssold		101				101
		11	116	-		11	116
	CHARITY	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
		2022	2021	2022	2021	2022	2021
		£'000	£'000	£'000	£'000	£'000	£'000
	Consultancy	11	15			11	15

	Group	Group	Charity	Charity
	2022	2021	2022	2021
	£'000	£'000	£'000	£'000
Scientificresearch
Direct	20,252	19,437	20,252	19,538
Other	5,114	4,675	5,114	4,675
Support	6,139	5,954	6,139	5,954
	31,505	30,066	31,505	30,167
Postgraduateeducation&training
Direct	631	744	631	744
Other	0	0	0	0
Support	185	215	185	215
	816	959	816	959
Total
Direct	20,883	20,181	20,883	20,282
Other	5,114	4,675	5,114	4,675
Support	6,324	6,169	6,324	6,169
	32,321	31,025	32,321	31,126
Unrestricted
Direct	770	491	770	592
Other	159	443	159	443
Support	6,324	6,169	6,324	6,169
	7,253	7,103	7,253	7,204
Restricted
Direct	20,113	19,690	20,113	19,690
Other	4,955	4,232	4,955	4,232
Support	0	0	0	0
	25,068	23,922	25,068	23,922
Total
Direct	20,883	20,181	20,883	20,282
Other	5,114	4,675	5,114	4,675
Support	6,324	6,169	6,324	6,169
	32,321	31,025	32,321	31,126

GROUPANDCHARITY
		Postgraduate
	Scientific	education	Total	Total
	research	andtraining	2022	2021
	£'000	£'000	£'000	£'000
Commercialand
Finance	974	28	1,002	879
HumanResources	308	9	317	307
ComputingService	571	18	589	574
InstituteManagement	1,918	59	1,977	1,714
Otheradministration	2,279	70	2,349	2,608
Governance	89	1	90	87
	6,139	185	6,324	6,169

GROUPANDCHARITY
		Postgraduate
	Scientific	education	Total
	research	andtraining	2021
	£'000	£'000	£'000
Commercialand	848	31	879
Finance
HumanResources	296	11	307
ComputingService	554	20	574
InstituteManagement	1,654	60	1,714
Otheradministration	2,516	92	2,608
Governance	86	1	87
	5,954	215	6,169

GOVERNANCE	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
COSTS	2022	2021	2022	2021	2022	2021
	£'000	£'000	£'000	£'000	£'000	£'000
GROUPAND
CHARITY
Auditfee	38	38	-		38	38
Technicalsupport	52	49			52	49
	90	87	-		90	87

NETINCOME/(EXPENDITURE)IS	Group	Charity	Group	Charity
STATEDAFTER	2022	2022	2021	2021
CHARGING/(CREDITING)THE	£'000	£'000	£'000	£'000
FOLLOWING:
Interestreceivable	(11)	(11)	(15)	(15)
Auditor'sremuneration—auditservices—parent	38	38	38	38
Auditor'sremuneration—auditservices—subsidiary				-
Auditor'sremuneration—taxationadvisory	-		12	12
Auditor'sremuneration—taxationcompliance	2	2	2	2
Depreciation	3,554	3,554	3,170	3,170
Amortisation	261	261	261	261

STAFFCOSTSAND	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
NUMBERS	2022	2021	2022	2021	2022	2021
	£'000	£'000	£'000	£'000	£'000	£'000
GROUP
Salariesandwages	5,542	5,650	8,197	7,537	13,739	13,187
Socialsecuritycosts	552	497	830	755	1,382	1,252
Otherpensioncosts	824	906	1,308	1,427	2,132	2,333
Redundancycosts	10	17	12	845	22	862
	6,928	7,070	10,347	10,564	17,275	17,634
		Restated		Restated
CHARITY	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
	2022	2021	2022	2021	2022	2021
	£'000	£'000	£'000	£'000	£'000	£'000
Salariesandwages	5,542	5,650	8,197	7,537	13,739	13,187
Socialsecuritycosts	552	497	830	755	1,382	1,252
Otherpensioncosts	824	906	1,308	1,427	2,132	2,333
Redundancycosts	10	17	12	845	22	862
	6,928	7,070	10,347	10,564	17,275	17,634

	Group	Charity	Group	Charity
	Total	Total	Total	Total
	2022	2022	2021	2021
	No.	No.	No.	No.
Sciencestaff	277	277	269	269
Technicalandadministrativestaff	106	106	105	105
	383	383	374	374
Theaveragenumberofpersons(fulltime
equivalent)employedbycategorywas:
Sciencestaff	256	256	239	239
Technicalandadministrativestaff	101	101	101	101
	357	357	340	340

	Group	Charity	Group	Charity
	Total	Total	Total	Total
	2022	2022	2021	2021
£60,000-£69,999	10	10	12	12
£70,000-£79,999	8	8	4	4
£80,000-£89,999	2	2	2	2
£90,000-£99,999	1	1	2	2
£100,000-£109,999	1	1	1	1
£110,000-£119,999	2	2	-
£150,000-£159,999	1	1	1	1
	25	25	22	22

TANGIBLEFIXED			Fixtures,
ASSETS	Land&	Plantand	fittingsand
	Buildings	machinery	vehicles	Total
GROUP	£'000	£'000	£'000	£'000
Cost:
Asat1April2021	70,805	31,620	6,500	108,925
Additions	1,428	4,482	720	6,630
Asat31March2022	72,233	36,102	7,220	115,555
Accumulateddepreciation:
Asat1April2021	30,931	22,975	4,146	58,052
Chargefortheyear	1,512	1,229	813	3,554
Asat31March2022	32,443	24,204	4,959	61,606
Netbookvalue:
Asat31March2022	39,790	11,898	2,261	53,949
Asat31March2021	39,874	8,645	2,354	50,873
			Fixtures,
	Land&	Plantand	fittingsand
CHARITY	Buildings	machinery	vehicles	Total
	£'000	£'000	£'000	£'000
Cost:
Asat1April2021	70,805	31,620	6,500	108,925
Additions	1,428	4,482	720	6,630
Asat31March2022	72,233	36,102	7,220	115,555
Accumulateddepreciation:
Asat1April2021	30,931	22,975	4,146	58,052
Chargefortheyear	1,512	1,229	813	3,554
Asat31March2022	32,443	24,204	4,959	61,606
Netbookvalue:
Asat31March2022	39,790	11,898	2,261	53,949
Asat31March2021	39,874	8,645	2,354	50,873

INTANGIBLEFIXEDASSETS
GROUPANDCHARITY	Software	Total
	£'000	£'000
Cost:
Asat1April2021	1,304	1,304
Accumulatedamortisation:
Asat1April2021	348	348
Chargefortheyear	261	261
Asat31March2022	609	609
Netbookvalue:
Asat31March2022	695	695
Asat31March2021	956	956

INVESTMENTS
	Unlisted	Unlisted
GROUP	investments	investments
	2022	2021
	£'000	£'000
Valuation:
Asat1Apriland31March	374	356
Theunlistedinvestmentsrelatetothefollowingholdings:

		Sharesin
	Unlisted	group
CHARITY	investments	undertakings	Total
	£'000	£'000	£'000
Valuation/cost
Asat1April2021	356		356
Unrealisedgain	18		18
Asat31March2022	374		374
Impairmentasat31March2022
NetBookValue:
Asat31March2022	374		374
Asat31March2021	356		356
Sharesinsubsidiaryundertakings
TheCharityheldthefollowingsharesinsubsidiaryundertakingsat31		March2022:

heCharityheldthefollowingsharesinsubsidia	ryundertakings	at31M	arch2022:
	Sharesheld	%	Capitaland	Countryof
	Class		Reserves	Incorporation
RothamstedResearchHoldingsLimited	Ordinary	100		England&
(dormant)				Wales
RothamstedInternationalConsultingLimited	Ordinary	100	2	England&
(dormant)				Wales
GeneticTechnologiesLimited(dormant)*	Ordinary	100	2	England&
				Wales
RothamstedExperimentalStationLimited	Ordinary	100	1	England&
(dormant)*				Wales
AfSISLtd(dormant)	Ordinary	100	8,000	Tanzania

avealegalorconstructiveobligationtocoverthenetliabil	itiesofthejointventure.
	2022	2021
	£'000	£'000
Turnover	711	654
Administrativeexpenses	(801)	(637)
Retainedprofit/(loss)fortheyear	(90)	17
Recognitionofadditionalprioryearprofit	-	111
Net(liabilities)at1April	20	(108)
Netassets/(liabilities)at31March	(70)	20
	2022	2021
	£'000	£'000
Being:
Fixedassets	3,832	4,039
Netcurrentassets	127	272
	3,959	4,311
Liabilitiesgreaterthanoneyear	(4,029)	(4,291)
Netassets/(liabilities)at31March	(70)	20

	Social
GROUPANDCHARITY	Investments	Total
	£'000	£'000
Cost/valuation:
Asat1April2021	840	840
	280	`280`
Additions
Unrealisedgain
Asat31March2022	`1,120`	`1,120`

Impairmentasat31March2022
NetBookValue:
Asat31March2022	1,120	1,120
Asat31March2021	840	840

DEBTORS	Group	Charity	Group	Charity
	2022	2022	2021	2021
	£'000	£'000	£'000	£'000
Duewithinoneyear
Tradedebtors	755	755	1,210	1,210
Otherdebtors	409	409	1,306	1,306
Prepaymentsandaccruedincome	4,496	4,496	3,000	3,000
VATrecoverable	155	155	80	80
Duefromjointventure—dueinoneyear	60	60
	5,875	5,875	5,596	5,596
Otherdebtorsdueafteroneyear
Duefromjointventure	381	381	466	466
	6,256	6,256	6,062	6,062

CREDITORS:Amountsfallingduewithin	Group	Charity	Group	Charity
oneyear	2022	2022	2021	2021
	£'000	£'000	£'000	£'000
Tradecreditors	2,919	2,919	3,231	3,231
Payrollcreditor	255	255
Othertaxesandsocialsecurity	377	377
Othercreditors	7	4	6	3
Accruals	1,592	1,592	2,168	2,168
Deferredincome(seenote15)	793	793	2,300	2,300
	5,943	5,940	7,705	7,702

15	DEFERREDINCOMErepresentsgrant	DEFERREDINCOMErepresentsgrant	DEFERREDINCOMErepresentsgrant	DEFERREDINCOMErepresentsgrant	Group	Charity	Charity		Group	Charity
	income received	in	advance	of	2022	2022			2021	2021
	expenditure.Themovementcan			be	£'000	£'000			£'000	£'000
	analysedasfollows:
	Openingbalance				2,300	2,300			1,922	1,922
	Amountsdeferredduringtheyear				793		793		2,300	2,300
	Releaseofamountspreviouslydeferred				(2,300)	(2,300)		(1,922)		(1,922)
					793		793		2,300	2,300
16	FUNDS				Restated		Restated
		Unrestricted		Unrestricted Restricted			Restricted		Total	Total
			2022		2021	2022		2021	2022	2021
	GROUP		£'000		£'000	£'000		£'000	£'000	£'000
	Fundsasat31March		14,977		17,404	57,733		51,362	72,710	68,766
	Fundsbalancesare
	representedby:
	Fixedassets		11,651		11,846	44,487		41,199	56,138	53,045
	Currentassets		5,788		13,263	16,727		10,163	22,515	23,426
	Currentliabilities		(2,462)		(7,705)	(3,481)		-	(5,943)	(7,705)
			14,977		17,404	57,733		51,362	72,710	68,766

		Restated		Restated
CHARITY	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
	2022	2021	2022	2021	2022	2021
	£'000	£'000	£'000	£'000	£'000	£'000
Fundsasat31March	14,980	17,387	57,733	51,362	72,713	68,749
Fundsbalancesare
representedby:
Fixedassets	11,651	11,826	44,487	41,199	56,138	53,025
Currentassets	5,788	13,263	16,727	10,163	22,515	23,426
Currentliabilities	(2,459)	(7,702)	(3,481)	-	(5,940)	(7,702)
	14,980	17,387	57,733	51,362	72,713	68,749

		Restated
GROUP—GENERALFUNDS	2022	2021
	£'000	£'000
Balancebroughtforward	15,064	15,399
Net(expenditure)/income	(2,427)	876
Designatedinyear	-	(3,600)
Releasedfromdesignatedfunds	1,590	2,010
Transferfromrestrictedfunds		379
Balancecarriedforward	14,227	15,064
		Restated
CHARITY-GENERALFUNDS	2022	2021
	£'000	£'000
Balancebroughtforward	15,047	15,510
Net(expenditure)/income	(2,407)	748
Designatedinyear	-	(3,600)
Releasedfromdesignatedfunds	1,590	2,010
Transferfromrestrictedfunds		379
Balancecarriedforward	14,230	15,047
	2022	2021
DESIGNATEDESTATEREBUILDFUND	£'000	£'000
GROUPANDCHARITY
Balancebroughtforward	2,340	750
Designatedintheyear		3,600
Releasedintheyear	(1,590)	(2,010)
Balancecarriedforward	750	2,340

	Restated
GROUPAND	1April				31March
CHARITY	2021	Income	Expenditure	Transfers	2022
RESTRICTED	£'000	£'000	£'000	£'000	£'000
Capitalfund	40,359	7,707	(3,088)		44,978
EstateRebuildfund	2,000				2,000
OpenAccess	5	40	(26)		19
fund(RCUK)
ShakeClimateChange	1,285	919	(164)		2,040
BBSRCResourceGrant	671	10,172	(10,609)	(26)	208
RIfellows	136		(56)		80
StrategicHires		200	(200)
IDG Transformationaward	4,483	201 1,730	(5) (1,174)		196 5,039
RestrictedProjects	2,423	10,470	(9,721)	(735)	2,437
Capitalfundedfrom
Competitive Restricted			(25)	735	710
Funding
Capitalfundedfrom				26	26
StrategicRestricted
Funding
	51,362	31,439	(25,068)		57,733

analysisofthecomparative	2020/21restric	tedfundmov	ementsfollows:
	Restated				Restated
GROUPAND	1April	Income	Expenditure	Transfers	31March
CHARITY	2020	£'000	£'000	£'000	2021
RESTRICTED	£'000				£'000
Capitalfund	38,169	4,818	(2,628)		40,359
EstateRebuildfund	2,379			(379)	2,000
OpenAccess		60	(55)		5
fund(RCUK)
ShakeClimateChange	727	1,181	(623)		1,285
GatesFoundation(ISDA)					-
BBSRCResourceGrant	873	10,372	(10,574)		671
RIfellows	147		(11)		136
Redundancy(2019-20)		845	(845)		-
Transformationaward	3,145	1,600	(262)		4,483
RestrictedProjects	2,648	8,699	(8,924)		2,423
	48,088	27,575	(23,922)	(379)	51,362

orrectthispastmistreatmen	t.
GROUP	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
	2021	2020	2021	2020	2021	2020
	£'000	£'000	£'000	£'000	£'000	£'000
Fundsaspreviouslystated	18,666	17,636	50,100	46,601	68,766	64,237
Reclassifications:
Scientificprojectawards	(2,423)	(2,648)	2,423	2,648
Depreciationcorrection	1,161	1,161	(1,161)	(1,161)		-
Totalfundsasrestated	17,404	16,149	51,362	48,088	68,766	64,237
CHARITY	Unrestricted	Unrestricted	Restricted	Restricted	Total	Total
	2021	2020	2021	2020	2021	2020
	£'000	£'000	£'000	£'000	£'000	£'000
Fundsaspreviouslystated	18,649	17,747	50,100	46,601	68,749	64,348
Reclassifications
Scientificprojectawards	(2,423)	(2,648)	2,423	2,648
Depreciationcorrection	1,161	1,161	(1,161)	(1,161)		-
Totalfundsasrestated	17,387	16,260	51,362	48,088	68,749	64,348

eclassificationsinrelation	toincomeandexpend	iturefortheyear	ended31March	2021wereasf
GROUP	Unrestricted	Restricted	Unrestricted	Restricted
	income	income	expenditure	expenditure
	£'000	£'000	£'000	£'000
Aspreviouslystated	16,592	18,876	16,143	14,998
Reclassifications	(8,699)	8,699	(8,924)	8,924
Totalfundsasrestated	7,893	27,575	7,219	23,922

RECONCILIATIONOFGROUPNET
INCOME/(EXPENDITURE)FORTHEYEARTONET	2022	2021
CASHGENERATEDFROM/(USEDIN)OPERATIONS	£'000	£'000
Netincome/(expenditure)fortheyear	3,944	4,529
Adjustmentsfor:
Depreciationoftangiblefixedassets	3,554	3,170
Amortisationofintangiblefixedassets	261	261
Dividends,interestandrentsfrominvestments	(39)	(40)
Shareofjointventureloss/(gain)	20	(128)
CapitalGrants	(7,707)	(4,818)
Operatingcashflowsbeforemovementsinworkingcapital	33	2,974
Decrease/(Increase)instocks	(139)	4
Decrease/(increase)indebtors	(194)	(1,160)
Increase/(decrease)increditors	(1,762)	2,996
	(2,095)	1,840
Cashgeneratedfrom/(usedin)operations	(2,062)	4,814
ANALYSISOFCASHATBANKANDINHAND
	2022	2021
Cashandcashequivalentsrepresent:	£'000	£'000
Bankbalances	7,872	8,112
Shorttermdeposits90daysorless		1,000
Cashandcashequivalents	7,872	9,112
Shorttermdepositsmorethan90days	7,500	7,504
Cashatbankandinhandasperbalancesheet	15,372	16,616

ort	heyearended31March2022
19	RECONCILIATIONOFCHARITYNETINCOME/
	(EXPENDITURE)FORTHEYEARTONETCASH	2022	2021
	GENERATEDFROM/(USEDIN)BY OPERATIONS	£'000	£'000
	Netincome/(expenditure)fortheyear	3,964	4,401
	Adjustmentsfor:
	Depreciationoftangiblefixedassets	3,554	3,170
	Amortisationofintangiblefixedassets	261	261
	Dividends,interestandrentsfrominvestments	(39)	(40)
	Gainondisposaloftangiblefixedassets	-
	Capitalgrants	(7,707)	(4,818)
	Operatingcashflowsbeforemovementsinworkingcapital	33	2,974
	Decrease/(Increase)instocks	(139)	4
	Decrease/(Increase)indebtors	(194)	(1,189)
	(Decrease)/Increaseincreditors	(1,762)	3,085
		(2,095)	1,900
	Cashgeneratedin/(usedin)operations	(2,062)	4,874
	ANALYSISOFCASHATBANKANDINHAND
		2022	2021
	Cashandcashequivalentsrepresent:	£'000	£'000
	Bankbalances	7,872	8,112
	Shorttermdeposits90daysorless		1,000
	Cashandcashequivalents	7,872	9,112
	Shorttermdepositsmorethan90days	7,500	7,504
	Cashatbankandinhandasperbalancesheet	15,372	16,616

Duringtheyearthecompanyenteredintothefollow onanasinvoicedbasis.	ingtransactionswithrelatedpartieswh	icharerepor
	2022	2021
	£'000	£'000
RothamstedEnterprises:
Salestransactions	221	575
Purchasetransactions	142	160
LawesAgriculturalTrust:
Salestransactions	873	710
Purchasetransactions	11	37
UKRI-BBSRC:
Salestransactions	26,048	25,816
Purchasestransactions	125
SugaRox:
Salestransactions	53

Amountsduetorelatedparties
	2022	2021
	£'000	£'000
RothamstedEnterprises	4
	4
Amountsduefromrelatedparties
	2022	2021
	£'000	£'000
RothamstedEnterprises	441	467
LawesAgriculturalTrust	174	228
UKRI-BBSRC	228	1,072
SugaRox	142	-
	985	1,767

FINANCIALINSTRUMENTS
	Group	Charity	Group	Charity
	2022	2022	2021	2021
	£'000	£'000	£'000	£'000
Financialassetsheldatfairvalue	374	374	356	356

	Group	Charity	Group	Charity
	2022	2022	2021	2021
	£'000	£'000	£'000	£'000
Grossincomeofcontinuingoperations	28,571	28,571	30,650	30,522
Totalexpenditureofcontinuingoperations	(29,264)	(29,244)	(28,740)	(28,740)
Netincome/(expenditure)fortheyear	(693)	(673)	1,910	1,782
Net(expenditure)/incomefortheyear	(693)	(673)	1,910	1,782
NetgainonInvestments	18	18	202	202
Capitalgrantsreceived	7,707	7,707	4,818	4,818
Depreciation	(3,088)	(3,088)	(2,401)	(2,401)
Netincome/(expenditure)fortheyear	3,944	3,964	4,529	4,401
perSOFA