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||||Page|Page||
|---|---|---|---|---|---|
|List ofTrustees<br>in 2020-21||||||
|Reference and Administrative<br>Details||||||
|The aims and objectives of the Biodynamic||Association||||
|5-year Strategic Plan 2019|to 2024|||||
|Activities<br>in 2020-21||||||
|Activity reports||||||
|The BDAteam consist of||||||
|Association"s<br>general activity|||4|to|5|
|Finances and appreciation|ofsupport|||7||
|Financial overview||||8||
|Trustees||||8||
|Looking to the future||||||
|Autonomous<br>associated<br>activities||||||
|Links and affiliations||||||
|Statement of Trustees'<br>Responsibilities||||10||
|Independent<br>Examiner's<br>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<br>Bailey|lan Stanley<br>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<br>Robson|(Elected 10/20)||
|||Roberto Romano|(Retired 10/20)||
|||Jennifer Rosenbrock||(Coopted 12/19 —Elected 10/20)|
|||Hannah<br>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<br>McGair|||
|||Jessie Marcham|||
|||Lilly Bellamy|||
|||Richard Swann|||
|REGISTERED|OFFICE|Open House|||
|||Painswick<br>Inn|||
|||Gloucester Street|||
|||Stroud|||
|||Gloucestershire|||
|||GL5 1QG|||
|REGISTERED|COMPANY NUMBER|CE001656(England||and Wales)|
|REGISTERED|CHARITY NUMBER|1158301|||
|INDEPENDENT|EXAIIINER|Andorran<br>Limited|||
|||6 Manor Park Business Centre|||
|||Mackenzie<br>Way|||
|||Cheltenham|||
|||Gloucestershire|||
|||GL51 9TX|||
|BANKERS||Tridos, Deanery|Road, Bristol, BS15AS||
|||Lloyds, 134 High|Street, Stourbridge,<br>DY81DS||





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||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|E|F||E|
|INCOME AND ENDOWMENTS|FROII||||||
|Donations<br>and legacies|||105,317|60|105,377|222,713|
|Charitable<br>activities|||||||
|Charitable<br>activities|||325,735||325,735|267,447|
|Investment<br>income|||8,493||8,493|10,556|
|Total|||439,545|60|439,605|500,716|
|EXPENDITURE ON|||||||
|Charitable<br>activities|||||||
|Charitable<br>activities|||428,779|13,000|441,779|394,170|
|Net gains/(losses)<br>on investments|||25,362|8,964|34,326|~42,679)|
|NET INCOME/(EXPENDITURE)|||36,128|(3,976)|32,152|63,967|
|Transfers<br>between funds||17|~9,613)|9,613|||
|Net movement<br>in funds|||26,515|5,637|32,152|63,967|
|RECONCILIATION<br>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|





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|||||31.3.21|31.3.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|E|E|E|E|
|FIXEDASSETS||||||
|Investments||||||
|Investments<br>Social investments|12<br>13|45,923<br>75,000|136,574|182,497<br>75,000|148,171<br>75,000|
|||120,923|136,574|257,497|223,171|
|CURRENT ASSETS||||||
|Stocks<br>Debtors<br>Cash at bank|14<br>15|10,516<br>30,334<br>127,772|79,885|10,516<br>30,334<br>207,657|8,748<br>27,261<br>204,633|
|||168,622|79,885|248,507|240,642|
|CREDITORS||||||
|Amounts<br>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<br>funds<br>Restricted funds||||265,018<br>216,459|238,503<br>210,822|
|TOTAL FUNDS||||481,477|449,325|





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||||STATEMENT OF|CASH FLOWS|||
|---|---|---|---|---|---|---|
||FOR||THE YEAR ENDED 31 MARCH||2021||
|||||31.3.21||31.3.20|
||||Notes||||
|Cash flows from operating<br>activities<br>Cash generated<br>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<br>received|||||7,994|10,349|
|Net cash provided<br>by investing<br>activities|||||8,493|10,556|
|Change<br>in cash and cash|equivalents|in|||||
|the reporting<br>period|||||3,024|102,692|
|Cash and cash equivalents|at the||||||
|beginning<br>ofthe reporting|period|||204,633||101,941|
|Cash and cash equivalents|at the end|of|||||
|the reporting<br>period||||207,657||204,633|





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|RECONCILIATION<br>|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<br>for:|||||
|(Gain)/losses<br>on investments|||(34,326)|42,579|
|Interest received|||(499)|(207)|
|Dividends<br>received|||(7,994)|(10,349)|
|(Increase)/decrease|in stocks||(1,768)|3,510|
|Increase<br>in debtors<br>Increase/(decrease)|in creditors||(3,073)<br>10,039|(6,786)<br>~576)|
|Net cash (used in)/provided||by operations|~5,469)|92,136|



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## 

|ANALYSIS OF CHANGES<br>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|





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





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||||||||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|



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||N|N|OTES TO THE FINANCIAL STAT<br>FOR THE YEAR ENDED 31|OTES TO THE FINANCIAL STAT<br>FOR THE YEAR ENDED 31|EIIENTS - continued<br> MARCH 2021|||
|---|---|---|---|---|---|---|---|
|11.|COIIPARATIVES FOR||THE STATEMENT OF FINANCIAL||ACTIVITIES|||
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
||||||F|E|E|
||INCOME AND ENDOWMENTS|||FROM||||
||Donations<br>and legacies||||222,593|120|222,713|
||Charitable<br>activities|||||||
||Charitable<br>activities||||267,447||267,447|
||Investment<br>income||||10,556||10,556|
||Total||||500,596|120|500,716|
||EXPENDITURE ON|||||||
||Charitable<br>activities|||||||
||Charitable<br>activities||||375,682|18,488|394,170|
||Net gains/(losses)<br>on|investments|||~27,439)|~15,140)|~42,579)|
||NET INCOME/(EXPENDITURE)||||97,475|(33,508)|63,967|
||RECONCILIATION<br>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.||||



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



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|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|



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|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|





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



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





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



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





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





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||||||BIODYNAMIC AGRICULTURAL<br>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<br>representation<br>Inspectors' fees<br>Inspectors' expenses||||||3,971<br>52,345<br>12,861|7,226<br>50,193<br>25,990|
|Other costs||||||41,654|4,209|
|||||||252,588|216,659|
|Governance|costs|||||||
|Accountancy<br>and <br>Costs oftrustees'<br>Bank charges||bookkeeping<br>meetings||||5,802<br>108<br>467|7,202<br>2,072<br>313|
|Other costs||||||498|279|
|||||||6,875|9,866|
|Total resources|expended|||||441,779|394,170|
|Net (expenditure)/income<br>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|