## 



|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|





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|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)||





## 



## 

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## 

|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.|





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## 

||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|



## 



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## 



## 

## 

|InformationRequired|CurrentReportingYearUK|PreviousReportingYear|
|---|---|---|
||andoffshore||
|Energyconsumptionusedto<br>calculateemissions:/kWh|Gas-17,249,751kWh<br>Propane-562,874kWh|Gas-14,234,460kWh<br>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<br>mandatoryfieldsabove/e.g.|property.Thisisbecausethis<br>figureisalreadyusedfortheir<br>BBSRCKPIcalculation.Thetotal|property.Thisisbecausethis<br>figureisalreadyusedfortheir<br>BBSRCKPIcalculation.The|
|£100,000revenue|figureforRothamstedResearch|totalfigureforRothamsted|
|(takenfrom5Results)|Limitedis63,812.5m2.Total|ResearchLimitedis|
||emissionswere0.09tonnesCO2eper|59,868.5m2.Totalemissions|
||metersquaredofoccupiedproperty.|were0.07tonnesCO2epermeter|
|||squaredofoccupiedproperty.|





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## 



## 

||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|





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## 



||Fairvalueasat|Sales|Purchases|Gain/Loss|on|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|



## 

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## 

|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|





|7|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|



|8|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|





## 

|9|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|





|10|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|



|12|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|





|<br>avealegalorconstructiveobligationtocoverthenetliabil|<br>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|



|13|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|



|14|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<br>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)||<br>(1,922)||(1,922)|
||||||793||793||2,300|2,300|
|16|FUNDS||||Restated||Restated||||
|||Unrestricted||Unrestricted<br>Restricted|||<br>Restricted||<br>Total|Total|
||||2022||2021|2022||2021|<br>2022|2021|
||GROUP||£'000||£'000|£'000||£'000|<br>£'000|£'000|
||Fundsasat31March||14,977||17,404|57,733||51,362|<br>72,710|68,766|
||Fundsbalancesare||||||||||
||representedby:||||||||||
||Fixedassets||11,651||11,846|44,487||41,199|<br>56,138|53,045|
||Currentassets||5,788||13,263|16,727||10,163|<br>22,515|23,426|
||Currentliabilities||(2,462)||(7,705)|(3,481)||-|<br>(5,943)|(7,705)|
||||14,977||17,404|57,733||51,362|<br>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<br>Transformationaward|4,483|201<br>1,730|(5)<br>(1,174)||196<br>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|



## 

|<br>orrectthispastmistreatmen|<br>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|





|18|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<br>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|





## 

|22|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|||||