2021-04-05-accounts

	Report and Financial	Report and Financial	Report and Financial	Report and Financial	Statements	Statements	for the	year ended 5	April 2D21	April 2D21
Contents
Page:
	Reference and Administration				details
2-4	Report ofthe Trustees
	Report of the Independent			auditor
	Statement of Financial		Activities
	Balance Sheet
9-15	Notes forming part of	the Financial				Statements
Trustees
	Mr Tim Cadbury
	Mr Mark Cadbury
	Mr Roger VJ Cadbury
	Mrs A Janie Cadbury
	Mr Benedict Cadbury
Principal Office
	BDO LLP, 2 Snowhill,	Birmingham,				84 6GA
Accountants
	BDO LLP, Two Snowhill		Itueensway,			Birmingham,		B4 6GA
Independent	Auditor
	RMacLaren, Michael	Dufty			Partnership		Limited,	61 Charlotte	Street,	The Counting	House,
	Birmingham,
	B3 1PX
Investment	Managers
	Smith and Williamson		Investment			Management,		3rd Floor, 9 Colmore Row, Birmingham,				B32BJ
Bankers
	Lloyds Bank, University			of Birmingham			Branch,	142 Edgbaston	Park Road, Birmingham,			B152TY
	The Charity Bank Limited,				Fosse House, 152 High Street, Tonbridge,					TN9 1BE

						Unrestricted	Unrestricted
						Funds	Funds
						2021	2020
					Notes	E	E
Income and endowments		from
Investments						381,197	442,818
Grants received
Total						381,197	442,818
Expenditure on
Raising funds						59,572	56,452
Charitable activities
Grants						465,250	31'7,050
Support costs						6,918	7,913
Other expenditure						22,136	25,001
Total						553,876	406,416
Net income/(expenditure)		before investment			gains/(losses)	(172,679)	36,402
Net unrealised (losses)/gains		on investment		assets		3,388,796	(3,573,373)
Net income/(expenditure)						3,216,117	(3,536,971)
Other recognised gains/(losses)
Realised gains/(losses)	on investment		assets			839,448	1,851,409
Net movement in funds						4,055,565	(1,685,562)
Total funds at 6 April	2020					14,903,922	16,589,484
Total funds at 5April	2021					18,959,487	14,903,922
Ag activities derive from continuing			operations.
None ofthe income funds are restricted.

	Notes	to	the finan	cial statements for the yea	r ended 5 April 2021
2	Investment income				2021	2020
					E	E
	Dividends (net) and interest		(gross)
	fram quoted investments				381,015	442,582
	Interest on deposits (gross)				182	236
					381,197	442,818
3	Raising Funds				2021	2020
					E	E
	Investment management	fee			59,572	56,452
4	Grants paid or payable
	C5,000or over being 1.07%ofgrants made:
	78 Derngate Narthampton	Trust				25,000
	Age UK Warwickshire					5,000
	Alzheimer's Society					5,000
	ARNI					10,000
	Asthma UK BBritish Lung	Foundation		Partnership		6,000
	Bath Recreation Ltd					5,000
	Blood Bikes					22,000
	Blood Cancer UK					5,000
	Book Trust					5,000
	Breast Cancer Care					10,000
	CJames Cadb'ury Charitable		Trust			5,000
	Cambridge City Faodbank					10,000
	Cancer Research UK					5,000
	Cathedral Music Trust					10,000
	Council for Protection of	Rural England				10,000
	Crisis					5,000
	English Schools Orchestra	&	Choir			10,000
	Fircroft Callege					5,000
	G(oucestershl)e Community		Foundation			5,000
	Hampshire BIDW Air Ambulance					5,000
	Island Conservation Society					5,000
	Macmillan Cancer Support					5,000
	Mary Hare Foundation					5,000
	Medecins Sans Frontieres	UK				5,000
	MNDA					6,000
	National Emergencies Trust					10,000
	National Star Foundation					5,000
	National Trust					5,000
	Carried Forwards					214,000

Brought Forward				214,000
National Youth Orchestra		ofGreat Britain		5,000
NEBT				5,000
Northamptonshire Community			Foundation	20,000
Outward Bound Trust				7,000
Peter Cadbury Charitable		Trust		5,000
R VJ Cadbury Charitable		Trust	(Note)	5,000
RA BVB Reekie Charitable		Trust		5,000
Red Cross Northamptonshire				20,000
RNLI				5,000
Royal Horticultural Society				6,000
StJohn Ambulance				20,000
The Bower Trust				5,000
The Friends ofTewkesbury		Abbey
Treloar's Trust				5,000
UNICEF				'I5,000
UNICEF United Kingdom
Virginia Reekie Charitable		Trust
WFGA				20,000
				362,000
61,000or over being	0.21'Kofgrants made:
Action Aid UK				3,000
Adapt				1,000
Amnesty International	UK			1,250
Avoncroft Arts Society
Avoncrof t Museum				3,000
Avoncroft Museum of Historic Building				2,000
Birmingham Children's Hospital				3,000
Bumblebee Conservation	Trust			2,500
Canine Partners				1,000
Charlie Wailer Memorial	Trust			3,000
Children with Cancer				2,000
Cgent Earth				1,000
Cornwall Community Foundation				2,000
CPRE				2,000
Ooctors ofthe World				2,000
Feedback Madagascar				2,000
Firefly international				2,000
Carried Forwards				32,750

	Notes	Notes	to the financial statements for the year end	to the financial statements for the year end	ed 5 April 2021
4	Grants paid or payable		Icontinued)
	Brought Forward				32,750
	First Days Children's Charity				1,000
	Game RWildlife Conservation			Trust	2,000
	Girlguiding Gloucestershire				2,000
	Gloucester Wildlife Trust				1,000
	Guy's and StThomas's	Charity			3,000
	Home Start				2&000
	Hope Project				3,000
	Leam Achieve Become				2,000
	Llangollen Railway Trust		Ltd		4,500
	Lord Leycester Hospital				1,000
	Marie Curie				1,000
	NSPCC				3,000
	Owl Barn				1,000
	Rainbow Trust				4,000
	RSPCA				1,000
	Sea Life Trust				1,000
	Second Chance				2,500
	Shipwrecked Mariners	Society			1,000
	Show Racism The Red	Card			2,000
	Smile Train				1,000
	Southern Spinal injuries		Trust		2,000
	St Francis Leprosy Guild				4,500
	St John ofJerusalem	Eye Hospital Group			1,000
	St Michaels Hospice				1,000
	Tall Ships Youth Trust				1,000
	The Rifles Benevolent	Trust			1,000
	The Salvation Army				3,000
	The Wiltshire Bobby Van		Trust		2,500
	Tiggywinkles				1,000
	Toy BoxCharity				2,300
	Trussefl Trust				2,000
	War Memorials Trust				2,000
	Warwickshire Wildlife	Trust			1,000
	Winchester Excavations				1,000
	Carried Forwards				97,050

Brought Forward		97,050
Winston's Chance		'l,000
Wood Green Animals	Charity	2,000
Worgan Trust		2,000
		102,050
E999and under		1,200
		465,250
Costs ofgrant making	(note 5)	6,918
		472,168

6	investments			2021	2020
				E	E
	QUOTED INVESTMENTS
	Market Value 6 April 2020			14,594,293	16,335,900
	Additions			2,132,573	4,344,879
	Disposals			(2i780i602)	(4,364,522)
	Realised gains/(lasses)			839,448	1,851,409
	Net unrealised investment		gains/ (losses)	3,388,796	(3,573,373)
	Market value 5 April 2021			18,174,508	14,594,293
	Uninvested	cash		58$,2$4	60,278
				18,762,792	14,654,571
	Historical cost as at 5 April		2021	12,185,111	11,993,692
	At 5 April 2021 the market		value is divided:
	Bands			3,418,071	18.2%
	Alternatives	8 Multi-Asset		4,305,364	22.9%
	UK Equities			4,256,722	22.7%
	USA			836,256	4.5%
	Europe			976,824	5.2%
	Japan			815,735	4.4%
	Pacific 8asin ex Japan			308,546	1.6%
	Emerging Markets			85,140	0.5%
	Rest ofthe	World		3,171,850	16.9%
				18,174,508	96.9%
	Uninvested	cash capital		588,284	3.1%
				18,762,792	100%
	There was	one investment	in the portfolio which exceeded 5%.
				Market
				Value
				E
	Scottish Mortgage Inv Trust		- 95,000	1,105,800	5.9%

	Accrued investment	Accrued investment	Accrued investment	Accrued investment	income	income				42,677	40,226
8	Creditors:		Amounts		falling		due within one year			2021	2020
										E	E
	Management		fee							15,669	12,217
	Auditors fee									2,580	1,200
										18„249	13,417
9	Statement		ofMovement			on	Unrestricted	Funds
							Balance		Expenditure		Balance
							6 April		Gains and		5 Aprg
									(Losses) as at
									to balance 6
									April 2020
									and Balance
							2020	Income	5 April 2021	Transfers	2021
							E	E	E	E	E
	Designated		fund:
	Investment	fund					14,654,571			4,108,221	18,762,792
	Generalfund						249,351	381,197	3,674,368	(4,108,221)	196,695
	Total unrestdcted			funds			14,903,922	381,197	3,674,368		18,959,487