2020-12-31-accounts

		Restricted	Unrestricted	Designated
	Notes	Funds	Funds	Funds	2020	2019
		£	£	£	£	£
Income from:
Investments	3		22,798		22,798	22,848
Charitable activities	4	6,825			6,825	8,050
Total		6,825	22,798		29,623	30,898
Expenditure on:
Charitable activities	5	(7,000)	(6,256)	(1,097)	(14,353)	(18,432)
Net (losses)/gains on investments			(48,295)		(48,295)	133,280
Net (deficit)/income
and net movement in
funds		(175)	(31,753)	(1,097)	(33,025)	145,746
Reconciliation of
funds:
Totalfunds brought forwardat 1 January		10,881	1,003,708	2,304	1,016,893	871,147
Tatalfunds carried forward at 31 December	9	10,706	971,955	1,207	983,868	1,016,893

		Restricted	Unrestricted	Designated
	Notes	Funds	Funds	Funds	2020	2019
		£	£	£	£	£
Fixed assets	8
Investments			921,958		921,958	959,337
Current assets
Accrued income			3,673		3,673	1,003
Cash at bank		10,706	50,735	1,207	62,648	60,753
		10,706	54,408	1,207	66,321	61,756
Current liabilities
Accruals			(4,411)		(4,411)	(4,200)
Net current assets		10,706	49,997	1,207	61,910	57,556
Net assets		10,706	971,955	1,207	983,868	1,016,893
Represented by:
Accumulated fund	9		971,955		971,955	1,003,708
Lecture fund	9			1,207	1,207	2,304
Restricted funds	9	10,706			10,706	10,881
Total funds		10,706	971,955	1,207	983,868	1,016,893

Investment income	**Unrestricted **	Funds
	2020	2019
	£	£
Interest--fixed interest securities	22,798	22,848

4	Charitable activities income	**Restricted **	Funds
		2020	2019
		£	£
	Grants received	6,825	8,050

5	Charitable activities expenditure	Restricted	Unrestricted	Total	Total
		Fund	Funds	2020	2019
		£	£	£	£
	Meetings and education	7,000	3,057	10,057	14,232
	Support costs (Note6)		4,296	4,296	4,200
		7,000	7,353	14,353	18,432

Support costs	**Unrestricted **	Funds
	2020	2019
	£	£
Honorarium-secretarial services	1,800	1,800
Officeexpenses	36	60
Governancecosts (Note7)	2,460	2,340
	4,296	4,200

Governance costs	**Unrestricted **	Funds
	2020	2019
	£	£
Accounts preparation	1,515	1,440
Independent examination	945	900
	2,460	2,340

8	Investments	2020	2019
		£	£
	Market valueas at 1 January	959,337	814,612
	Additions	10,916	11,445
	Net investment (loss)/gain	(48,295)	133,280
	Market valueat 31 December	921,958	959,337
	Historic cost	830,591	822,971

9	Funds
	Current year	At1	Income	Expenditure	Net	At 31
		January			loss on	December
		2020			Investments	2020
		£	£	£	£	£
	Accumulated fund	1,003,708	22,798	(6,256)	(48,295)	971,955
	Designated funds:
	Lecturefund	2,304		(1,097)		1,207
	Restricted funds:
	Foodand Feed Authenticity	8,781				8,781
	DEFRAprojects	2,100	6,825	(7,000)		1,925
	Totalfunds	1,016,893	29,623	(14,353)	(48,295)	983,868

9	Funds (continued)
	Prior year	At1	Income	Expenditure	Net	At 31
		January			gain on	December
		2019			Investments	2019
		£	£	£	£	£
	Accumulated fund	860,062	22,848	(12,482)	133,280	1,003,708
	Designated funds:
	Lecturefund	2,304				2,304
	Restricted funds:
	Foodand Feed Authenticity	8,781				8,781
	DEFRAprojects		8,050	(5,950)		2,100
	Totalfunds	871,147	30,898	(18,432)	133,280	1,016,893