REGISTERED COMPANY NUMBER: 00648041 (England and Wales)

REGISTERED CHARITY NUMBER: 257303

TRUSTEES' REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE INSTITUTION OF AGRICULTURAL

ENGINEERS

Page

Reference and Administrative Details

1

to

2

Trustees' Report

3

to

17

Independent Examiner's Report

18

to

19

Statement of Financial Activities

20

Balance Sheet

21

to

22

Notes to the Financial Statements

23

to

31

TRUSTEES

M S J Carr-West

S C Constable

K F P Franklin

P F Hemingway

G P Higginson

R J Rickson

R W Simmons (resigned 7/5/25)

B D Grieve (resigned 7/5/25)

M Whiting (resigned 30/4/25)

M C Butler-Ellis

M R Moore (President)

R D King

A G Court (appointed 7/5/25)

S J Parsons (appointed 7/5/25)

P F Pinn (appointed 7/5/25)

COMPANY SECRETARY

C D Nicklin

REGISTERED OFFICE

The Bullock Building

University Way

Cranfield

Bedfordshire

MK43 0GH

REGISTERED COMPANY NUMBER

00648041 (England and Wales)

REGISTERED CHARITY NUMBER

257303

INDEPENDENT EXAMINER

Landers Accountants Ltd

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

BANKERS

HSBC

12 Allhallows

Bedford

Bedfordshire

MK40 1LJ

INVESTMENT MANAGER

Rathbones Investment Management

30 Graham Street

London

EC2V 7QN

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The remit of the Institution of Agricultural Engineers (IAgrE) was reviewed and the associated Memorandum and Articles of Association (updated in 2017) remain valid. Established in 1938 (as the Institution of British Agricultural Engineers), the overall aims of IAgrE was then, as it is now, to:

- Promote agricultural engineering as a profession.

- Direct and apply the sources of energy in Nature for the sustainable use and convenience of man in the adaptation and application of materials and mechanical methods for the best development of land use for agriculture, forestry and other purposes and

- Promote good practice in all applications of technology across the land-based sector.

Prime objectives are all for the public benefit and, as ever, to continue with the drive to increase and broaden the membership base and raise the profile of IAgrE. Further information on the aims of the Institution are detailed in the Memorandum and Articles of Association which are published at www.iagre.org.

Significant activities

Overview

IAgrE continues to place emphasis on the five-year development plan and continues to make progress in delivering the business objectives which, whilst maintaining the need to operate within Charities rules and best practice have been set against the following business development themes:

- Promoting the value and benefits of IAgrE membership, and thus increasing its members.

- Promoting the value and benefits of professional registration.

- Ensuring that the Engineering Council and Society for the Environment licences are maintained (5 year audits for both successfully completed during 2025).

- Continuing to develop new business activities and income streams.

- Increasing the IAgrE profile with other institutions and stakeholders so that IAgrE is viewed as being influential, with good quality intelligence and intellectual capital.

Volunteers

Volunteers form the backbone of the IAgrE and are closely involved with the Executive Committee, Advisory Council, Branches, Specialist Groups, Membership, Professional Development, Publications Management and Awards Committees. These work well with Secretariat staff who work hard to secure more involvement from a wider group of membership volunteers. The IAgrE remains indebted to its volunteers and would like to thank them for their contribution and commitment.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Strategic Developments

2025 continued to build on the strategy laid out in the previous year. The priorities forming the strategic development plan remain and include:

- Ensuring that the membership, other stakeholders and more general audiences have improved sector understanding.

- Developing simpler, clearer messaging to enable easier engagement with target audiences.

- Demonstrating the value of IAgrE to retain existing members, attract new ones and gain employers' backing.

- Progressing sponsored student members to Associate or Technician grade following successful course completion.

- Investing funds and resources to promote IAgrE further and both retain and increase membership.

- Using technology to communicate with members, engage them with IAgrE activities and promoting the Institution more widely.

- Ensuring full use is made of digital content from on-line activity.

- Continuing to promote professionalism and high standards at all levels within industry and education.

- Broadening engagement with wider industry stakeholders with the aspiration that there could be mutual endorsement where appropriate.

- More events; both generic and specialist, and a revival of special interest groups with live streaming of branch meetings to increase the breadth of engagement.

- Continually improve the IAgrE website to give members access to activities, events, industry information, vacancies, etc.

- Ensuring the institution is welcoming to all, supporting a diverse profession, inspiring, attracting and retaining people from different backgrounds, reflecting our increasingly diverse society.

The Secretariat continued to progress these developments during 2025.

In 2025 the sampling of IAgrE members Continuing Professional Development (CPD) records continued in accordance with the Regulations. Those members who failed to engage with the CPD requirements were contacted to encourage their full cooperation. If they still failed to engage with the sampling process they were added to the following year's cohort of members to be sampled. Successful use has been made of the Engineering Council "Mycareerpath" platform for recording and sampling members CPD. Those members chosen for the CPD sampling exercise have benefited from good quality feedback which has been well received. IAgrE engages with a CPD forum to share best practice with other organisations and also contributes to an Engineering Council working group for this activity. Use of the institutions smart phone app supports regular logging of CPD activity.

The Membership Committee continued to work effectively with good feedback from the Engineering Council Liaison Officer. All IAgrE procedures, forms and guidance notes, were reviewed and updated as required, with necessary training completed. EngTech registration continues to be focused on to engage more proactively with undergraduates and graduates with regard to their first step in professional development.

IAgrE continues to be actively involved with committee work for both licensing bodies for professional engineers and environmentalist registration.

In order to promote inclusivity, every second year the annual conference is held online, thus removing geographical boundaries. This approach also allows the use of overseas speakers without incurring excessive travel costs. The 2025 conference was held on the 22nd October and picked up on two key themes featuring in the Government's strategy; Artificial Intelligence (AI) and Agri-Tech. The institution invited a mix of speakers from academia and industry to offer answers to the question and title of the conference "Will AI Revolutionise Agriculture?". The academic speakers gave the audience an insight into current research themes and areas being focused on such as image processing and data handling, plus their thoughts for the future of agricultural systems. Speakers from industry gave examples of where AI is being used within machinery and livestock systems to further enhance efficiency and productivity of the agricultural process. Following the presentations, the conference culminated in a panel discussion comprising the speakers with questions from the audience. All the presentations, including the panel discussion were made available to view through the digital channels.

IAgrE continues with a productive working relationship with the Royal Academy of Engineering (RAEng) and is actively involved with a number of Academy initiatives. IAgrE is actively engaged in the RAEng National Engineering Policy Centre (NEPC) which was set up in 2018. This has been effective in raising the profile of engineering for sustainable food production and global food security with policy influencers. Policy work on subjects such as energy, data, communications, autonomous vehicles and drones, are all benefiting from IAgrE input.

Partnership and collaborations continue to be an important part of the IAgrE remit. The institution engaged with a number of organisations on a variety of topics throughout the year in areas such as food security, net zero carbon challenges, sustainability and education and training.

The Institution continues engagement with other Professional Engineering Institution's (PEIs), industry bodies, universities, colleges and companies covering a range of topics such from apprenticeships to engineering for food production. The IAgrE continues to look to accredit courses and programmes in the land- based and environmental education sector.

Services to Technicians, Engineers and Environmentalists

IAgrE continues to promote professionalism through the marketing of professional qualifications at all levels from Engineering Technician through to Chartered Engineer, along with Environmentalist registration.

IAgrE places a strong emphasis on supporting Engineering UK and the Engineering Council.

IAgrE receives many requests for contributions to a range of consultations led by the RAEng and other national bodies. Where possible and relevant, IAgrE will commit resources to support these initiatives on behalf of the wider membership.

The Institution's interests continue to be represented at the Engineering Council and Royal Academy of Engineering at numerous Committees and Working Groups including:

- The Programme Recognition Forum (PRF)

- The Engineering and Skills Advisory Panel (ESAP)

- The Engineering Apprenticeship and Technician Qualifications Forum (EATQ)

- The Heads of Membership Committee

- The Heads of Governance Forum

-The PEIs Group B & C Panels

-The NEPC partners Group

- The Professional Engineering Committee (PEC)

- The Early Career Engineer PEC (ECE-PEC)

All of these ensure that the IAgrE maintains a high profile within the Engineering Council and Royal Academy of Engineering and is kept up-to-date with policy and standards.

Malcolm Carr-West sits on the Engineering Council Quality Assurance Committee and is also the Liaison Officer for the Institute of Applied Acoustics. Denis Cartmel has volunteered as the Engineering Council Liaison Officer for the Chartered Institution of Civil Engineering Surveyors. Additionally, Mr Carr-West acts as an alternate to the IAgrE CEO on important Engineering Apprenticeship and Technician Qualification matters.

Land-based Engineering Training and Education Committee

IAgrE continues to work closely with the Agricultural Engineers Association (AEA) and the British Agricultural and Garden Machinery Association (BAGMA) through the Land-based Engineering Training and Education Committee (LE-TEC) to support apprenticeship development, training courses and careers promotion. LE-TEC is a limited company with IAgrE as an equal partner alongside AEA and BAGMA. LE-TEC undertake promotional activity via its We are land-based initiative targeting 14 to 16 year-olds to advocate careers in the sector.

Focus continues to be placed on membership and Engineering Technician (EngTech) registration with the Engineering Council for technicians with discussions ongoing with major equipment manufacturers and dealerships. EngTech registration should be seen as a clear indication of professional competence, which is a key career milestone.

The Milking Equipment Association (MEA) operates the Milking System Technician Accreditation (MSTA) scheme for milking equipment which is now well established. There are currently three categories of competence in the scheme, with the top two levels recognised and approved by IAgrE for EngTech registration.

Education

IAgrE's focus has continued on building relationships with colleges and universities, and provides talks and seminars as required. IAgrE's student membership is subsidised by the Douglas Bomford Trust (DBT) and is afforded to UK students and apprentices following recognised qualifications in agricultural engineering and associated subjects. Working with industry through LE-TEC, IAgrE continues to support the development of apprenticeship programmes in Land-based Service Engineering at foundation and advanced levels. The advanced level continues to meet the requirements for EngTech registration with the Engineering Council.

IAgrE has previously supported the content development of the Technical Level (T-Level) qualification in Land-based Engineering, which has continued to be adopted by further education providers during 2025. In due course it is IAgrE's desire that the T-Level, equivalent to 3 A-Levels, will be recognised as fulfilling the academic requirement for EngTech registration with the Engineering Council.

Along with the AEA, IAgrE are on the "Employer Directory" for Skills England, this allows both bodies to provide industry experts to be called upon by the Office of Qualifications and Examinations Regulation (Ofqual) for auditing tasks. The IAgrE is also part of the City & Guilds industry board for technical input into course content.

In higher and post graduate education IAgrE continues its involvement in course validation and also sits on the AgriFoRwArdS Centre for Doctoral Training Board reviewing projects for research degrees.

Society for the Environment

IAgrE continues to maintain a productive working relationship with the Society for the Environment. IAgrE offer two grades for Environmental Registration, Registered Environmental Practitioner (REnvP) and Chartered Environmentalist (CEnv). Environmental focus continues to be a strong theme for IAgrE and is intrinsically linked to agriculture and food production. Awareness of the Society for the Environment professional registration continues to increase, however further focus is needed in the agricultural sector. IAgrE continues to promote registration with agricultural and associated businesses. IAgrE Honorary Fellow Alastair Taylor remains closely involved with the Society for the Environment and holds the role of Chief Licence Reviewer. IAgrE Fellow Graham Higginson is a board member of the society and also sits on their Registration Authority.

Publications

The Publications Management Committee meets regularly to facilitate and monitor the development of all IAgrE publication activities.

Biosystems Engineering, IAgrE's scientific journal, continues to increase both its "impact factor" and "citation", both key measures' for peer review journals. The Editorial team works hard to maintain the high quality of published papers. The number of papers submitted to Biosystems Engineering continues to grow and exceeded 2300 during 2025. Increased paper submissions have meant a reduction in the acceptance rate; therefore, a number of special editions are being produced, continuing into 2026.

The editorial team during 2025 comprises as follows:

- Dr Peter Demeyer (Editor-in-Chief)

- Dr Nikolaos Katsoulas (Senior Editor)

- Dr James Taylor (Senior Editor)

- Dr André Aarnink (Associate Editor)

- Dr Fernando Auat Cheein (Associate Editor)

- Dr Thomas Bartzanus (Associate Editor)

- Dr Konstantinos Ferentinos (Associate Editor)

- Mr John Gowing (Associate Editor)

- Dr Fuji Jian (Associate Editor)

- Dr Raphael Linker (Associate Editor)

- Dr Meir Teitel (Associate Editor)

- Dr Stavros Vougioukas (Associate Editor)

- Dr Dvoralai Wulfsohn (Associate Editor)

- Dr Bill Day (Editor Emeritus)

- Dr Jacek Koziel (Editor Emeritus)

- Dr Steve Parkin (Editor Emeritus)

Biosystems Engineering remains an important component of IAgrE's portfolio. A substantially reduced on-line subscription to Biosystems Engineering is available to IAgrE members. Income remains stable, but due to the significant rise in submissions the editorial costs continue to increase. Various actions have been taken to meet the increased submissions rate and also make better use of available papers by publishing special issues focused on key subject areas. Biosystems Engineering is a "hybrid" journal in that it supports open access papers. The amount of open access papers continues to increase and pose concern to the current publishing model of a subscription journal. Regular meetings are held with the publisher in order to monitor the situation and support discussion on the strategic direction of the journal.

Landwards, IAgrE's membership journal, continues to receive positive comment. The editor's role is to present the Institution, its members, its views and activities in a positive light. The journal needs to strike a fine balance to satisfy the requirements of a diverse membership the sector brings. There is a desire to include increased technical content, but not so much that it becomes an academic journal. Institutional, branch and member activities continue to provide a range of content for publication. Regular pre-production meetings are held with the IAgrE Secretariat team prior to its publication. The journal remains a "window into the world of agricultural and land-based engineering".

Landwards eXtra is a means for members to publish articles in an electronic-only format for membership use. eXtra accepts papers that do not meet the academic requirements for Biosystems engineering and are too detailed and lengthy for inclusion in Landwards. Acceptance of eXtra papers are decided on by the Landwards editor and CEO.

Branches

Regional branches are active around the country although some of these do have difficulties maintaining a viable programme and rely totally on the commitment of volunteers. These branches offer a useful range of events and meetings which are well received by members. A few areas continue to run without an effective branch but every effort is made to accommodate members in these areas, by both including such members in adjacent groupings of "special" events at or close to their geographical location. The use of video conferencing platforms has been made good use of for many branches. These on-line platforms have removed geographical barriers for attendance for people outside the regions, leading to a significant increase in participation.

Awards

IAgrE held its annual AGM and Awards ceremony in person at the AGCO UK Headquarters, Stoneleigh on the 30th April 2025. After the receiving of the awards and following lunch, the delegates were treated to a variety of presentations and a tour of their training centre operations.

The winners of the various awards were as follows:

IAgrE Honorary Fellowships;

No award made in 2025

IAgrE Award of Merit;

Professor Simon Pearson FIAgrE

IAgrE Award for Contribution to Land-based Sector;

Ruth Bailey MIAgrE

IAgrE Award for Contribution to Land-based Sector;

Jeff Claydon

The President's Award;

Dr Paula Misiewicz AMIAgrE

IAgrE Institution Meritorious Service Award;

Chris Watts CEng CEnv FIAgrE

IAgrE Institution Meritorious Service Award;

David Yates EngTech MIAgrE

Douglas Bomford Paper Award;

Tomas Norton FIAgrE, for his contribution in the paper "Comparison of Transformers with LSTM for classification of the behavioral time budget in horses based on video data".

The paper was published in Biosystems Engineering Volume 242

Douglas Bomford Environmental Engineer Award;

Daniel Mitchell

Douglas Bomford Environmental Engineer Team Award; Holme Fen Regeneration Project

Lead by Martin Parsons CEng CEnv FIAgrE

IAgrE Team Achievement Award;

No award made in 2025

IAgrE Ivel Environmental Innovation Award;

Knight Farm Machinery - Smart inject system

CNH Industrial Undergraduate Award;

David Goodchild, BEng Harper Adams University Final year project - "Developing a standard tine wear evaluation"

CNH Industrial Postgraduate Award;

Luke Waldram, MEng Harper Adams University Final year project - "An Investigation to Determine the Feasibility of Integrating Stop-Start Technology into Off-Highway Vehicles"

IAgrE Student Project Award;

Tom Ablitt, Coleg Sir Gar, for his project - "Silage Bunker Cleaner"

IAgrE Student Project Safety Award;

Hywel Jones TIAgrE, Coleg Sir Gar, for his project - "Trailed implement efficiency monitor"

The IAgrE British Guild of Agricultural Journalist Award, awarded for the best article/broadcast on the application of engineering within the land-based sector from a member of the Guild;

Winner - James Huyton for his feature in the Farmers Guardian

"Is electric power a sustainable alternative for a compact loader on a livestock farm?".

Runner up - James Andrews for his feature in the Farmers Weekly

"Harvester lifts 70K pumpkins a day".

Technical Lectures, Podcasts and Special Interest Groups

The IAgrE continues to host and support a number of Special Interest Groups (SIGs) for not only its membership, but the wider community. The groups cover specialist interest in areas such Robotics and Autonomous Vehicles, Health & Safety and Soil & Water. One such SIG is the Forestry Engineering Group which recommenced its annual symposium in 2025, which has been dormant since the Covid pandemic. Around 75 delegates attended the event on the 3rd September titled "Wood, Water & Innovation: Building Resilience in Rural Environments" and were treated to an array of presentations from the forestry industry.

IAgrE continued with its Lunchtime Lectures series through 2025. 12 one hour lectures and a number of workshops covering a broad range of subjects from across the sector globally were produced. Presentations ranged from climate change risk and regenerative agriculture techniques to farm safety and employment law. Through the year there have been a number of lectures focusing on diversity and inclusion, which have been well attended by members.

During 2025 a number of Podcasts were recorded with various key people from the agricultural engineering sector. The Podcasts cover a variety of topics from people's careers, technology development, exhibition reviews, etc.

All digital material is available for future use via the organisation's media channels.

IAgrE also supported various events, in conjunction with the Farm Safety Partnership, UK Agri-tech Centre, Agri-TechE, etc. Further expansion of SIGs to cover new technologies/subjects will continue to be explored.

Events

IAgrE participates in relevant events, supported by its membership. Activities of note during the year included:

- LAMMA Machinery Exhibition - 15th Jan 2025

- Engineering UK AGM - 3rd February 2025

- Armed Forces Civilian Transition Event - 24th February 2025

- AEA AGM/Conference - 1st April 2025

- IAgrE Awards Celebration - 30th April 2025

- IAgrE AGM - 7th May 2025

- SocEnv AGM - 4th June 2025

- Cereals Exhibition - 11th June 2025

- Milking Equipment Association Conference - 2nd July 2025

- British Farming Awards - 16th October 2025

- IAgrE Landwards Conference - 22nd October 2025

- Land.Technick Conference (Hanover) - 7th November 2025

- Agritechnica Exhibition (Hanover) - 10th November 2025

Equity, Diversity and Inclusion

IAgrE continues to ensure inclusivity in all aspects of its activities. Various lectures were given through 2025 to support members professional development in areas of ED&I. The D&I committee's remit remains to advise the Institution in terms of its practice, approach and development of equity, diversity and inclusion. This committee continues to be operational and feeds into institution activity on a regular basis. The prime objective of the committee is to ensure that the institution remains welcoming to all.

Membership and Registration Numbers

IAgrE exists as an organisation in order to offer professional qualifications, not only because it has licences from the Engineering Council and Society for the Environment to do so, but also as a professional organisation in its own right offering professional status via a suite of membership grades. To maintain this status, IAgrE has to be seen to have fair, rigorous and transparent procedures. These procedures are used by the IAgrE Membership Committee and audited by the IAgrE Internal Audit Panel. The efficient operation of these two groups is essential to the smooth running of IAgrE. The Internal Audit Panel reporting procedures ensure that the Advisory Council and Executive are informed of outcomes.

It is fully recognised that growth is essential and remains a key item for the IAgrE's strategic development. Despite the various activities undertaken during 2025 the year ended up with a deficit of 36 members. The Institution continues to engage with business and education through its contacts and other initiatives to promote commercial and academic membership.

At the year-end, the breakdown of membership was as follows:

2025

2024

Change

Hon Fellow*

15

18

-3

Fellow*

106

109

-3

Member*

551

566

-15

Associate Member*

163

167

-4

Technician

51

42

9

Affiliate

109

129

-20

Commercial & Academic

61

61

-

Total

1056

1092

-36

* Corporate (voting) Members

Continual contact with both colleges and universities, has meant Student membership of IAgrE (not shown above) was consistent from 2024 to 2025. The focus on Technician membership and EngTech registration, especially for both under graduates and graduates, should support longer term membership of the institution.

A significant percentage of the membership are professionally registered with the Engineering Council and/or the Society for the Environment through IAgrE. As with membership, the registered member figures have also declined during 2025. The retiring and passing of senior members, who are more likely to be registered than new members, has meant that these figures are not surprising.

It is a key strategic item to promote and consequently increase registration figures going forward.

The breakdown of registrants is shown below:

2025

2024

Change

Chartered Engineer

160

161

-1

Incorporated Engineer

92

99

-7

Engineering Technician

67

71

-4

Chartered Environmentalist

95

102

-7

Environmental Practitioner

2

2

-

Totals

416

435

-19

The IAgrE continues to work with the Engineering Council, the Society for the Environment and other organisations and does feel it is possible to reverse this decline. EngTech registration is a key strategic activity to support the latter and there are a number of projects being progressed.

FINANCIAL REVIEW

Financial position

The Statement of Financial Activities (SOFA) for the year is set out on page 20 of the financial statements. The overall surplus for the year is £8,346, which represents an increase compared to the 2024 surplus of £308. The surplus includes an unrealised gain on investments of £32,273, compared to an unrealised gain of £26,168 in the prior year. When excluding unrealised gains/losses on investments, the net result for 2025 is a loss of £23,927, compared to a loss of £18,130 in 2024.

Total income decreased from £426,376 in 2024 to £423,164 in 2025. Within this total, members' subscriptions have decreased by £11,137 to £153,900, compared to £165,037 in 2024. The income from publications increased from £220,889 to £228,114 in 2025. There were conference sales of £5,782 in 2024 and this increased to £7,241 in 2025.

Expenditure relating to charitable activities increased from

£464,947 in 2024 to £480,952 in 2025. The main reasons for the increases were as follows:

- Increased costs associated with publications in relation to editorial services during the year.

- Staffing costs have risen to keep abreast with inflation.

- There have been increased costs associated with membership provision.

- There have been increased costs in relation to subscriptions to other organisations in the year.

- The costs in relation to conferences increased from £4,810 in 2024 to £5,353 in 2025, which included both online and in person events

On 31 December 2025, total fixed asset investments stood at £892,291. Unrealised gains on these assets in 2025 are £32,273 compared to an unrealised gain in 2024 of £26,168..

Reserves policy

The Trustees continue to monitor and review IAgrE's need for reserves, and associated investments, in line with the guidance issued by the Charities Commission.

The financial reserves have been set aside over the years to provide financial stability, business continuity, and the means for the development of IAgrE's principal activities as defined in the Memorandum and Articles of Association.

Total reserves are £1,211,340 and are maintained at a level that is at least equivalent to two to three year's budgeted expenditure. Part of the total reserve is held as Designated Funds. A Building Fund for the replacement of the Secretariat building stands at £440,000. The IAgrE lease with Cranfield University runs to 2056 and, whilst there is no plan to move from Cranfield in the foreseeable future, it is considered prudent to continue to allocate reserves, whilst circumstances allow, against possible future building purchases.

Going forward the institution will continue in setting some of its reserves against growth, and so is likely to show a small annual deficit for the short term.

Annual IAgrE budgets are set to break even, with exceptional expenditure authorised from reserves from time to time. Reserves are utilised for the benefit of the whole membership at the Advisory Council's discretion.

Summarised Financial Statements

Summarised financial statements are shown on page 21 and were approved by the Executive Trustees on 21st April 2026. The full financial statements, on which Landers Accountants Ltd gave an unqualified independent examiner's report on 21st April 2026 will be submitted to the Charity Commission and Companies House.

The reporting accountants have confirmed to the Trustees that, in their opinion, the financial statements are consistent with the financial records held by the IAgrE secretariat for the year ended 31 December 2025.

Further Information

The IAgrE Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

These summarised financial statements may not contain sufficient information to gain a complete understanding of the financial affairs of the charity. The full statutory Trustees Report and Financial Statements and reporting accountants report may be obtained from the IAgrE Secretariat:

Institution of Agricultural Engineers

The Bullock Building, University Way, Cranfield, Bedford MK43 0GH

FUTURE PLANS

2025 continued to be a settled year with more stabilised energy costs and interest rates continuing in the steady downward trajectory. Despite this, the cost of goods and services have remained at increased levels.

The UK agricultural sector continues to be under significant pressure, some inflicted by government policy and some due to low commodity pricing, along with the variable effects of weather. For these reasons and others, 2025 continued to see low investment in machinery and infrastructure, the results of which continue to ricochet through the sector. On a positive note the government launched its updated Industrial Strategy and with the Advanced Manufacturing Sector Plan Agri-Tech (Agricultural Technology) was listed as 1 of 6 frontier industries which will be prioritised for future growth.

Despite the financial challenges people are facing, the membership figures have remained relatively stable, albeit lower than 2024 and IAgrE continues to provide value for money content and professional services. Climate action, sustainability of food production and the environment are key themes running through the agricultural and land-based sector. It is engineers, scientists and technologists that will be called upon to resolve the global challenges faced.

The Institution of Agricultural Engineers intends to move forward and meet its key aims by:

- Allocating financial reserves for membership support and growth with a view to, at first, maintaining membership numbers, and in the future increasing this number.

- Building on the previous key strategic development tasks and the continual implementation of new strategies.

- Continuously improving communication arrangements with members and stakeholders in order that they receive more timely and relevant information.

- Continuing to develop the relationship with the Royal Academy of Engineering and contribute to the wider development of the engineering discipline.

- Continuing to offer a diverse range of training and development opportunities for members including physical meetings and on-line access.

- Continuing to sample members CPD and provide feedback on its quality and impact linked to the ongoing promotion of mentoring and registration opportunities.

- Continuing to review procedures and implement further improvements as necessary to the IAgrE membership management system.

- Developing and renewing relationships with new and existing education partners, research organisations and industry, continuing to promote both academic and commercial membership.

- Continuing to work with industry partners and stakeholders to promote careers in the agricultural engineering industry.

- Developing new relationships with original equipment manufacturers and machinery dealerships in order that a greater number of technicians and engineers benefit from being professionally recognised.

- Continuing to establish relationships with the Agri-tech industry to act as a conduit for learning and knowledge as they relate to research and innovation.

- Investigating the digitisation of the IAgrE archive in order that members and stakeholders can access this valuable resource.

- Ensuring equality, diversity and inclusion is embedded in all of IAgrE's activities and the organisation remains welcoming to all.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

IAgrE is overseen by an Executive Committee whose members act as Trustees. These are also directors of the charity for the purposes of the Companies Act, and through this report, submit their annual report and the financial statements for the year ended 31st December 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) (FRS 102) "Accounting and Reporting by Charities" 2nd edition issued in 2019 in preparing the annual report and financial statements of the charity.

IAgrE is a charitable company (charity number 257303) limited by guarantee (company number 00648041) and is governed by a Memorandum and Articles of Association. The principal address and registered office of the charity is The Bullock Building, University Way, Cranfield, Bedford, MK43 0GH.

IAgrE is regulated by both the Charities Commission and by Company Law. An Advisory Council assists in setting the overall direction and policy of the Institution. The Council is elected by the corporate (voting) members of IAgrE. Operationally, the IAgrE is run by its Chief Executive Officer (CEO) supported by the Executive Committee which is appointed annually at the Annual General Meeting (AGM) and is responsible for executive action on all matters within the policy framework approved by Council, including Finance and General Purposes.

Advisory council

Advisory Council meetings take place twice a year and are used to discuss matters of strategic importance to IAgrE. The meeting allows the operational team to update the Advisory Council on key areas of progress and for the Council members to provide input and direction to future strategy. Advisory Council meetings are held online, which allow more inclusivity and better accessibility for the members.

The first meeting of 2025 was held on the 13th March, the second was on the 9th October.

A Summary of the Executive meetings were presented and discussed, including conference, strategy, audits and projects. Advisory Council meetings are also used to update and record the ongoing activities of IAgrE local branches.

Following on from the normal agenda items, the first Council meeting of 2025 included a training session delivered by the Royal Academy of Engineering's Equity, Diversity and Inclusivity Team on Unconscious Bias and Conscious Inclusion. The training session was recorded and made available to all IAgrE volunteers.

The second topic for discussion was around the Governments Industrial Strategy launched earlier in 2025. Within this strategy sits the Advanced Manufacturing Sector Plan which list "Agri-tech" as a Frontier Industry and 1 of 6 priority areas for growth in the UK. The advisory Council explored how IAgrE could increase engagement with agri-tech organisations to expand its membership and also what IAgrE can offer that community.

Risk management

The Trustees are responsible for the management of risks faced by the Institution and seek early identification, evaluation and effective management and mitigation of key risks. Potential risks, impact and mitigation are identified by the IAgrE CEO and are considered by Trustees at all Executive Committee meetings. The principal risks identified are:

- Business interruption as a consequence of loss of key staff, office and records, and/or premises lease amendment.

- Loss of membership and/or loss of income from substantial decrease in membership renewals.

- Information and Communication Technology related issues such as a website crash and/or database failure.

- Loss of income streams such as Biosystems Engineering and return on investments.

Health and Safety

IAgrE provides a Health and Safety Policy document. This is updated regularly. All staff are routinely reminded of its existence.

Staff

Charles Nicklin is employed (full time) in the role of Chief Executive Officer and Company Secretary, as well as being a Chartered Engineer and Fellow of the Institution. In addition, Mr Nicklin is also a Director of the Land-based Engineering Training and Education Committee.

Alison Chapman is employed (full time) as Membership Secretary and is closely involved in the operation of the Membership Committee, as well as all tasks relating to personal membership and registration administration.

Sarah McLeod is employed (9 days/fortnight) as the Business and Events Secretary. She organises the Annual Conference, including other events and supports the members, branches and groups. She also manages the Continual Professional Development audit as well as supporting and coordinating the various panels and committees.

Marion King is contracted as Communications Officer 2 days/week. She completes press releases, marketing material and continues to raise the profile of IAgrE through various media channels.

Jo Martindale is contracted as Bookkeeper for 2 days/week. She works closely with the Secretariat team and accountants, processing relevant financial tasks and information.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Institution of Agricultural Engineers for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

- There is no relevant information of which the charitable company's independent examiner is unaware; and

- The trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the examiner is aware of that information.

The trustees also confirm that they have taken due regard to Charity Commission guidance on public benefit.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.

Approved by order of the board of trustees on 21 April 2026 and signed on its behalf by:

M R Moore (President) - Trustee

Independent examiner's report to the trustees of The Institution of Agricultural Engineers ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Robert Brown

Landers Accountants Ltd

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

21 April 2026

31.12.25

31.12.24

Unrestricted

Total

funds

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

30

26

Charitable activities

4

Members' subscriptions and fees

153,900

165,037

Publications

228,114

220,889

Conferences

7,241

5,782

Investment income

3

23,491

25,736

Other income

10,388

8,906

Total

423,164

426,376

EXPENDITURE ON

Raising funds

Investment management costs

5

8,642

8,199

8,642

8,199

Charitable activities

Members' subscriptions and fees

326,383

326,832

Publications

131,047

110,692

Governance

9,527

14,414

Conferences

5,353

4,810

Total

480,952

464,947

Net gains on investments

33,861

20,441

NET INCOME/(EXPENDITURE)

(23,927

)

(18,130

)

Other recognised gains/(losses)

Gains on revaluation of fixed assets

32,273

26,168

Net movement in funds

8,346

8,038

RECONCILIATION OF FUNDS

Total funds brought forward

1,202,994

1,194,956

TOTAL FUNDS CARRIED FORWARD

1,211,340

1,202,994

31.12.25

31.12.24

Unrestricted

Total

funds

funds

Notes

£

£

FIXED ASSETS

Tangible assets

9

2,668

1,995

Investments

10

892,291

860,018

894,959

862,013

CURRENT ASSETS

Stocks

11

3,500

3,760

Debtors

12

267,960

252,723

Investments

13

18,190

69,836

Cash at bank

72,891

65,107

362,541

391,426

CREDITORS

Amounts falling due within one year

14

(46,160

)

(50,445

)

NET CURRENT ASSETS

316,381

340,981

TOTAL ASSETS LESS CURRENT LIABILITIES

1,211,340

1,202,994

NET ASSETS

1,211,340

1,202,994

FUNDS

16

Unrestricted funds:

General fund

615,724

644,510

Designated building fund

440,000

440,000

Revaluation fund

155,616

118,484

1,211,340

1,202,994

TOTAL FUNDS

1,211,340

1,202,994

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 21 April 2026 and were signed on its behalf by:

M R Moore (President) - Trustee

R J Rickson - Trustee

1.	STATUTORY INFORMATION

The charity is a private company limited by guarantee, registered in England and Wales. The members of the company are the trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. Its registered office and principal place of business is The Bullock Building, University Way, Cranfield, Bedfordshire, MK43 0GH.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The presentation currency is the Pound Sterling.

The accounts are rounded to be the nearest £1.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Members' subscriptions and fees received in advance are deferred to the period to which they relate.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure includes any VAT which cannot be fully recovered, which is reported separately in the total resources expended note.

Costs of raising funds comprise the costs incurred in managing the charity's fixed asset investments.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the independent review fees and costs linked to costs linked to the strategic management of the charity.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on a staff time basis.