2021-03-31-accounts - Biodynamic Agricultural Association

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			Page	Page
List ofTrustees in 2020-21
Reference and Administrative Details
The aims and objectives of the Biodynamic		Association
5-year Strategic Plan 2019	to 2024
Activities in 2020-21
Activity reports
The BDAteam consist of
Association"s general activity			4	to	5
Finances and appreciation	ofsupport			7
Financial overview				8
Trustees				8
Looking to the future
Autonomous associated activities
Links and affiliations
Statement of Trustees' Responsibilities				10
Independent Examiner's Report
Statement ofFinancial Activities				12
Statement ofFinancial Position			13	to	14
Statement ofCash Flows				15
Notes to the Statement of Cash Flows				16
Notes to the Financial Statements			17	to	25
Detailed Statement of Financial Activities			26	to	27

TRUSTEES		lan Stanley Bailey	lan Stanley Bailey
		Elaine Cheong (Elected 10/20)
		Spencer Christy
		Judy Foster (Coopted		02/20 —Elected 10/20)
		Odilia Kirst
		Maria Liis Nukis	(Retired 10/20)
		Hannah Robson	(Elected 10/20)
		Roberto Romano	(Retired 10/20)
		Jennifer Rosenbrock		(Coopted 12/19 —Elected 10/20)
		Hannah Steenbergen
		Chris Stockdale	(Retired 10/20)
		Andre Tranquilini
		Julia Wright
EXECUTIVE TEAM		Gabriel Kaye
		Jessica Standing
		Richard Swann
		Paul Rainger (left May 2021)
		Nina de Winter
		Lynda Brown
		Dan Powell (from Nov 2020)
CERTIFICATION	TEAM	Stuart Cragg
		Margaret McGair
		Jessie Marcham
		Lilly Bellamy
		Richard Swann
REGISTERED	OFFICE	Open House
		Painswick Inn
		Gloucester Street
		Stroud
		Gloucestershire
		GL5 1QG
REGISTERED	COMPANY NUMBER	CE001656(England		and Wales)
REGISTERED	CHARITY NUMBER	1158301
INDEPENDENT	EXAIIINER	Andorran Limited
		6 Manor Park Business Centre
		Mackenzie Way
		Cheltenham
		Gloucestershire
		GL51 9TX
BANKERS		Tridos, Deanery	Road, Bristol, BS15AS
		Lloyds, 134 High	Street, Stourbridge, DY81DS

					31.3.21	31.3.20
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes	E	F		E
INCOME AND ENDOWMENTS	FROII
Donations and legacies			105,317	60	105,377	222,713
Charitable activities
Charitable activities			325,735		325,735	267,447
Investment income			8,493		8,493	10,556
Total			439,545	60	439,605	500,716
EXPENDITURE ON
Charitable activities
Charitable activities			428,779	13,000	441,779	394,170
Net gains/(losses) on investments			25,362	8,964	34,326	~42,679)
NET INCOME/(EXPENDITURE)			36,128	(3,976)	32,152	63,967
Transfers between funds		17	~9,613)	9,613
Net movement in funds			26,515	5,637	32,152	63,967
RECONCILIATION OF FUNDS
Total funds brought forward			238,503	210,822	449,325	385,358
TOTAL FUNDS CARRIED FORWARD			265,018	216,459	481,477	449,325

				31.3.21	31.3.20
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	E	E	E	E
FIXEDASSETS
Investments
Investments Social investments	12 13	45,923 75,000	136,574	182,497 75,000	148,171 75,000
		120,923	136,574	257,497	223,171
CURRENT ASSETS
Stocks Debtors Cash at bank	14 15	10,516 30,334 127,772	79,885	10,516 30,334 207,657	8,748 27,261 204,633
		168,622	79,885	248,507	240,642
CREDITORS
Amounts falling due within one year	16	(24,527)		(24,527)	(14,488)
NET CURRENT ASSETS		144,095	79,885	223,980	226,154
TOTAL ASSETS LESSCURRENT	LIABILITIES	265,018	216,459	481,477	449,325
NET ASSETS		265,018	216,459	481,477	449,325
FUNDS	17
Unrestricted funds Restricted funds				265,018 216,459	238,503 210,822
TOTAL FUNDS				481,477	449,325

			STATEMENT OF	CASH FLOWS
	FOR		THE YEAR ENDED 31 MARCH		2021
				31.3.21		31.3.20
			Notes
Cash flows from operating activities Cash generated from operations			1	~5,469)		92,136
Net cash (used in)/provided	by operating	activities		~5,469)		92,136
Cash flows from investing	activities
Interest received					499	207
Dividends received					7,994	10,349
Net cash provided by investing activities					8,493	10,556
Change in cash and cash	equivalents	in
the reporting period					3,024	102,692
Cash and cash equivalents	at the
beginning ofthe reporting	period			204,633		101,941
Cash and cash equivalents	at the end	of
the reporting period				207,657		204,633

RECONCILIATION	OF NET I	NCOME TO NET CASH FLOW FROM OPE	RATING ACTIVITIES
			31.3.21	31.3.20
			F
Net income for the	reporting	period (as per the Statement of
Financial Activities)			32,152	63,967
Adjustments for:
(Gain)/losses on investments			(34,326)	42,579
Interest received			(499)	(207)
Dividends received			(7,994)	(10,349)
(Increase)/decrease	in stocks		(1,768)	3,510
Increase in debtors Increase/(decrease)	in creditors		(3,073) 10,039	(6,786) ~576)
Net cash (used in)/provided		by operations	~5,469)	92,136

ANALYSIS OF CHANGES IN NET FU	NDS
	At 1.4.20	Cash flow	At 31.3.21
	E	E	F
Net cash
Cash at bank	204,633	3,024	207,657
	204,633	3,024	207,657
Total	204,633	3,024	207,657

DONATIONS AND LEGA	CIES
				31.3.21	31.3.20
				E
Donations and legacies				40,150	166,883
Grants - Defra				24,906	26,796
Subscriptions 8 membership				27,321	27,034
Fundraising income				13,000	2,000
				105,377	222,713
Grants received, included	in the above,		are as follows:
				31.3.21	31.3.20
				F
Defra Grant				24,906	26,796
INVESTMENT INCOINE
				31.3.21	31.3.20
				F
Income from listed investments Deposit account interest				7,994 499	10,349 207
				8,493	10,556
INCOME FROM CHARITABLE		ACTIVITIES
				31.3.21	31.3.20
		Activity		F	E
Educational income - Training Books 8 Preparations Certification activities Advertising income Gardening Club BFDI Recharge		Charitable Charitable Charitable Charitable Charitable Charitable	activities activities activities activities activities activities	45 41,277 239,551 3,135 4,140 37,587	12,150 31,556 217,104 914 3,123 2,600
				325,735	267,447

							Direct	Support
							Costs (see	costs (see
							note 7)	note 8)	Totals
							E	E	E
Charitable		activities					86,460	355,319	441,779
DIRECT COSTS OF CHARITABLE ACTIVITIES
								31.3.21	31.3.20
								E	F
Education,		training		& Bursaries				7,100	12,371
Project costs								13,326	10,333
Participation		&	subscriptions					1,226	953
Books &Preparations								28,338	27,310
Star & Furrow,			newsletter		& leaflets			9,564	16,802
Gardening		Club	(incl salaries)					18,397	8,595
Farm Services			(incl	salaries)				4,902
Genius Loci								3,607
								86,460	76,364
SUPPORT		COSTS
							Certification	Governance
						Management	Activity	costs	Totals
						F	F	E
Charitable	activities					95,856	252,588	6,875	355,319

	N	N	OTES TO THE FINANCIAL STAT FOR THE YEAR ENDED 31	OTES TO THE FINANCIAL STAT FOR THE YEAR ENDED 31	EIIENTS - continued MARCH 2021
11.	COIIPARATIVES FOR		THE STATEMENT OF FINANCIAL		ACTIVITIES
					Unrestricted	Restricted	Total
					funds	funds	funds
					F	E	E
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies				222,593	120	222,713
	Charitable activities
	Charitable activities				267,447		267,447
	Investment income				10,556		10,556
	Total				500,596	120	500,716
	EXPENDITURE ON
	Charitable activities
	Charitable activities				375,682	18,488	394,170
	Net gains/(losses) on	investments			~27,439)	~15,140)	~42,579)
	NET INCOME/(EXPENDITURE)				97,475	(33,508)	63,967
	RECONCILIATION OF FUNDS
	Total funds brought	forward			141,028	244,330	385,358
	TOTAL FUNDS CARRIED FORWARD				238,503	210,822	449,325
12.	FIXEDASSET INVESTMENTS
							Listed
							investments
							F
	MARKET VALUE
	At 1 April 2020						148,171
	Revaluations						34,326
	At 31 March 2021						182,497
	NET BOOK VALUE
	At 31 March 2021						182,497
	At 31 March 2020						148,171
	There were no investment		assets	outside the UK.

			Listed
			investments
Valuation	in	2021	34,326
Valuation	in	2020	(42,579)
Valuation	in	2019	2,329
Cost			188,421
			182,497

SOCIAL INVESTMENTS
	Programme
	related
	investments
	equity
	F
IIARKET VALUE
At 1 April 2020 and 31 March 2021	75,000
NET BOOK VALUE
At 31 March 2021	75,000
At 31 March 2020	75,000

STOCKS
			31.3.21	31.3.20
			P	P
Books 8 preparations			10,516	8,748
DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
			31.3.21	31.3.20
				E
Trade debtors			28,606	25,150
Other debtors			1,201	513
VAT				1,107
Prepayments	and accrued income		527	491
			30,334	27,261

CREDITORS:	AMOU	NTS FALLING DUE WITHIN ONE	YEAR
			31.3.21	31.3.20
			F
Trade creditors Social security VAT Other creditors	and other taxes		12,933 4,482 6,087	10,046 3,322 120
Accruals and deferred		income	1,025	1,000
			24,527	14,488

MOVEMENT IN FUND	S
			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
				E
Unrestricted funds
General fund Seed 8 Plant Breeding Fund Communication of Biodynamics		236,253 250 2,000	35,770 358	(7,613) ~2,000)	264,410 608
Restricted funds		238,503	36,128	(9,613)	265,018
Grange Kirkcaldy Fund Seed Cooperative Generation Income Foundation Hermes Trust Anthroposophical Society GB Communication of Biodynamics		—RMET 127,610 75,000 4,627 700 2,885	8,964 (12,940)	8,313 (700) 2,000	136,574 75,000 2,885 2,000
		210,822	~3,976)	9,613	216,459
TOTAL FUNDS		449,325	32,152		481,477
Net movement in funds,	included	in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted funds		E	F		E
General fund Seed 8 Plant Breeding	Fund	439,187 358	(428,779)	25,362	35,770 358
Restricted funds		439,545	(428,779)	25,362	36,128
Grange Kirkcaldy Fund Generation Income Foundation		60	~13,DOD)	8,964	8,964 ~12,940)
		60	~13,000)	8,964	~3,976)
TOTAL FUNDS		439,605	L441,779)	34,326	32,152

				Net	Transfers
				movement	between	At
			At 1.4.19	in funds	funds	31.3.20
				E	F	F
Unrestricted funds
General fund Seed 8, Plant Breeding		Fund	136,053 475	103,172 (225)	(2,972)	236,253 250
Gardening Club			2,500	(5,472)	2,972
Communication	of Biodynamics		2,000			2,000
Restricted funds			141,028	97,475		238,503
Grange Kirkcaldy Fund Seed Cooperative			142,750 75,000	(15,140)		127,610 75,000
Generation Income Foundation			20,605	(15,978)		4,627
Hermes Trust Anthroposophical	Society GB		1,000 4,975	(300) ~2,090)		700 2,885
			244,330	~33,508)		210,822
TOTAL FUNDS			385,358	63,967		449,325

Comparative net	ment in funds, inc	luded in the above are	as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
			E	F	F
Unrestricted funds
General fund Seed 8 Plant Breeding Gardening Club	Fund	497,223 250 3,123	(366,612) (475) ~8,595)	(27,439)	103,172 (225) ~5,472)
Restricted funds		500,596	(375,682)	(27,439)	97,475
Grange Kirkcaldy Fund Generation Income Foundation Hermes Trust Anthroposophical Society GB		60 60	(16,038) (300) ~2,150)	(15,140)	(15,140) (15,978) (300) ~2,090)
		120	~18,488)	~15,140)	~33,508)
TOTAL FUNDS		500,716	~394,170)	~42,579)	63,967

BIODYNAMIC AGRICULTURAL ASSOCIATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2021
	31.3.21	31.3.20
INCOME AND ENDOWMENTS
Donations and legacies
Donations and legacies	40,150	166,883
Grants —Defra Subscriptions 8 membership	24,906 27,321	26,796 27,034
Fundraising income	13,000	2,000
	105,377	222,713
Investment income
Income from listed investments Deposit account interest	7,994 499	10,349 207
	8,493	10,556
Charitable activities
Educational income - Training Books & Preparations Certification activities Advertising income Gardening Club BFDI Recharge	45 41,277 239,551 3,135 4,140 37,587	12,150 31,556 217,104 914 3,123 2,600
	325,735	267,447
Total incoming resources	439,605	500,716
EXPENDITURE
Charitable activities
Education, training &Bursaries Project costs Participation 8 subscriptions Books & Preparations Star 8 Furrow, newsletter & leaflets Gardening Club (incl salaries) Farm Services (incl salaries) Genius Loci	7,100 13,326 1,226 28,338 9,564 18,397 4,902 3,607	12,371 10,333 953 27,310 16,802 8,595
	86,460	76,364
Support costs
Management
Staff costs Office costs	85,942 9,914	83,022 8,259
	95,856	91,281

					BIODYNAMIC AGRICULTURAL ASSOCIATION
					DETAILED STATEMENT OF FINANCIAL ACTIVITIES
					FOR THE YEAR ENDED 31 IIARCH 2021
						31.3.21	31.3.20
Management
Certification	Activity
Staff costs						113,318	99,784
Accreditation						12,961	10,464
Office costs						7,624	7,396
Promotion						5,695	2,464
Management	and	certification			workshops	2,159	8,933
International representation Inspectors' fees Inspectors' expenses						3,971 52,345 12,861	7,226 50,193 25,990
Other costs						41,654	4,209
						252,588	216,659
Governance	costs
Accountancy and Costs oftrustees' Bank charges		bookkeeping meetings				5,802 108 467	7,202 2,072 313
Other costs						498	279
						6,875	9,866
Total resources	expended					441,779	394,170
Net (expenditure)/income losses				before gains and		(2,174)	106,546
Realised recognised			gains	and losses
Realised gains/(losses)			on fixed		asset
investments						34,326	~42,579)
Net income						32,152	63,967