722 THE BENEVOLEKf SOClErY UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2021
The Be91¢nt Re18renc8 aTrJ admknlstrauvo dotlL8 01 Ih? ctsrity. Ns trustees aThl thsers Trustees. report IrKlependent examin•¢8 Port Stslonwnt ol naal aclthlles 8alar¢e sheet Nol&s to the Ifnandal slatefforfs 8.15
The Benevoknl Socioty REFERENCE AND ADMINISThAThIE DAlLs OF THE CHARrrY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Truslo•5 Ms G Penfold. Chaimmn Mr D Doyle, Vice ChaInan arJ TrgasLKW Mrs M 8r8nnan. Tiu8t8e Mr T Green, Trusts8 Mr H Skouty, Trus8 Mr G Wro&, Trust Mr S Dawe. Chairman IresvJngd 181h Cktobgr 20211 Chjrlty r•gl•t•r•d number 208722 PTln¢lp•l offlc• Fédération HoLrBe. 10 Vy89 Stroot, BIlrJharn, B18 6LT S•of•tsry lo 1h• Tru•tM• Mrs L 8 8ann Indèpendent Examln•r Ciowe UK LLP Chartgrgd A¢ntants ad( Courrtry House Rounds Gieen Road Oklbury West Mldland8 869 2DG Page 1
TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021 The Trust885 kwenI their anwal rep)rt iogetrer wtth the lina4a1 slatefflents lor tr year 1 January 2021 to 31 December 2021. ObJectl¥ts •nd Actlvllle¥ . Poli¢ie¥ •nd obkctl¥e• The winclpal of the six4ety is to assisl finarKially persons, or Ihdr deFwKlants. wOng, ¢y Previously han0 wotked in the trades e[8¢od by lh8 Brrtish Alll•J Tiades F&J8ration and are In condlbons ol negd. To SUFPJrt edu¢ai"on aj tralnlng ty providing lor bursaries or olhor linancl support lo weIng or Inte14n9 lo woth in the trades. To •xecute this pOIy. the Soci8ty is dopdent Lwn Incoff from subscrptions Irom mentsrs 01 the British Ali8d Tradtrs Federallon, from donalkJnB, from ovent6 Imm its ln4wlllnfy. A¢tlvlll•• for Khl•vlng Ob¢11¥ In s&ttSng Ihe Charilys polty aro plannirvJ Its acllvM¢¥, Thtr Trustees confirm that Ihoy havè eorrollod wlth Ihe duty in Section 1715101 thg Charhles Act 2011 to have dug r•aard to th8 Charlty Commlsslonevs g[al guldanG8 berfft In ex861r9 thdr dutth. hkv•m•nt• and prlorm•n¢• . R•¥1 ol actlvbtl•¥ Th• accounts lor the year erthj 31 2021 shrm fArtgo9 resour$ of £94,688 which Indudes nel oulgoiThJ rgsour¢g5 in unrestrtcted lunds of £74,688. net outgoirKJ resource Sn rostriclgd funds of £20,CQO. Thls Is againsl a kyoithd nel loss 01 £92,102 and net outgoirrfJ resour 01 £26,596 In 2020.The inveslments gerat &n i1me 01 £27,510 duriThJ Ihg ygar. Mathel valu8 of cr inveslrnenls is £1,095,762. Thé Trustèès cmtlnued to dillgerrt in deuding UFXX grants madg 10 Individuals but wére S11 the to award Ihe sum of £92.501 to 42 neety b&nefldarfe8. The Sodety is exlremdy gratèful lor thg ger0$ datn5 m8da by meners ol the Brllsh Allgd Trad88 Federatlon lolJllw £23267. Th9 2021 Christma6 Ball was successfully he at The GTarMI Hotd. &"milngham. fflang an inwme ol £14,477 Plans are uthway for Iho 2022 ball thlch wlll bg hgkl at the samtr venue on 8th Decerrtjer. b.1n¥•8tment pollcy •nd pwlornionee The Truglees alm lo maintain reseryes ai a sutlknl lo meet Ihe Med8 of hs benefic8. Thoy are con5CIOUS that thdr InvestnI Policy rwst be dlrecled towards maIn1n1 Ihg rgal valu8 01 Investmants lo pr¢>Juce IwKorr lor PfQSFclI'¥e lulure ixn&llryari8s as wdl as cuThent b8neliciarie8. Thg Sodety's InveStrnt porttollo Is gnlroty IrNB$l8d in a ranp of ConTh)n Inv8stm8nt Fur¥Js, G0vemnl stks and SFec11St Unrf Trusts a1 is $tructurod to rrtset the Trustees, In lerrn$ ol incom ar¥J risk. The suirabilty wformartt ot the invesbn8nts is review&a regularfy by Iho Trustees a1 by a Wir¥J lirm ol inves1me magers. Pag8 2
Th• B•n•¥ol¢nt Socl•ty TRUSTEE'S REPORT FOR THE YEAA ENDED 31ST DECEMBER 2021 Fkn•ncl•l revlEW . Auerv¥ pollcy The trustees relwn a Suff1&t level tst re8er¥es to cover any payrTS vich may bscorne du n8ce85ary to the sodety flex1lty in canwNd OLrt Its obSefflNes. At yeaf eThJ the soctgty had unrgslrtcted resthves ol £1,152,19912020: £1.100.1991 roslrthl reswes ol £nll12020: b. Fuiur• d•v•lopm•nts Th& lan8 lor tho fulur• aro k) (¥xffjnu8 to grars •KI bursarlx to worthy IrKXvkluab. •. Contltutlon The BeV0[l Soclety18 Cl8ud by a TnAt Do8d on 18 Junè 2018 Is a rngldwod chaity. The charlty IB +>Jntroll•d ty Its govemlng th)nNnI. a d8th1 of trust. an unlnc¥xporall charlly. M•thod ot •ppolntm•nl w •l•¢ilon ol Try•tw• management ol the chathy is the To6pon$itxlty of aro oknctsd aThJ ¢¢ Omed uThJer the ot tho TrLtst d••Y. The Tru8ie68 dld not rary out g lonngl assesSnI of the lo lch S• Is gubi9Ct dun9 year as it was lott that notrmng had ch8nowJ 8ince thefr wevoous nsk 888e¥3m•rt W1 found no Blonlllcant risks. A revlew ol the exlirwJ rtsk assessmerrt Is rjarred ft¥ May 2022. They rnAfflrrnd Ildr 6trat•gy rogafd 10 In¥68tm•r8 kn th& I1 of ¢wrrort 111. 8pon•or• The Socknty woubd1Ske lo Ihar44 our lor Ihdr 8UPW land Ththll8t thoso nwnyl, prlncipal ones ate, Assay Office BIrTham, Cwgs ¢>een a . Cook80ngold, LNamoThJs Please, CW Sellors, Hk1&Y Mlni, JeWelry & Watth, T H March & Co Ltd. H S Walsh & SonB Ltd and Weston Beaffl Ltd. Th• Trustges YJuld olso IM(e 10 thgnk the Board of Dlre¢lor5 of the Fgderallon trade a880datK¢B of the 8rlll8h Ajlknl Trn(les Fraon for th8lT surrfrt thyouohoul the yoar. Bur8arl•8 Burnaries to the I7tal value 01 £18,685, w•r• awwdèd to Slud)t• In 2021. to fjnab thèm to ba1 from variou$ Couws in the Je1. ¢knare Surface Engineering irnJstrièB. Thg bursarles r• awarnled as a sU11 of a charqg to Otiethi in 2016, lo SUFfQrt iNwdual$ twinniry thoir ¢aroer6 as as lollowir¥J their careews within the irKlustiies. Futher bursarw wlll bg avallable for 21122. Page 3
F•J•fath>n. Tho Truql•g6 4pprgcia 8wNtand Ikno by dth? W Cmlti y•arthg 31st Dthr 2021. CAV• U.K. LLP ATrJ S•, Lwra 8ar)erforthrAr •nih¥bo Th18 TyrtT •pwTh•d
INDEPENDEKf EXAMINERE REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021 Indep8nd•nl Ex•mln•r'$ Report lo th• Trust••¥ of Th• B•nevol•ftt Socl•ty I report to the chaiity Trustees on rny examination ol the accounts ol the charity tor th• year 31 DtcembeT 2021. Reapon8lblllllo8 and Bas58 Ot R•port As the TWs1 of Ihe ¢arlty you are r&sp)nslble lor prepafaticm ol the aca>unts in accordance Ih the roqulrornonts ol tho char9$ Act 2011 Yhe 2011 Acl'l. I report Sn respgcl ol ry examlnatr)n ol the Charfs aco)unts carTled wt under 145 of tho 2011 Act arKI in carying out my examinatKJn I have followed the Difedms glven by the Charlty Cwimwlon ur•r s•don 14SlSllbl of th• 2011 ACL Indop•nd•nt Examlnw'g Stst•ment Your attentr'on is drawn lo the lact Ihat fv chartty has prepar8d lh8 xcounts In accothncè Iwlh Accountirw arKI RepJrtiThJ by Chaiities: StsteThnt ol RerLJmmend&J Pracloce aFfJllcable to tharit preparfrYJ Ihelr accwnls In a¢X0T¢1ar ¥ith the Finanual Rerti Standard 8OlGablg in UK aThJ Rgpullio ol Ireland IFRS 1021 in pr91gr9 lo the Affo(tntirrfJ ReportirYJ by Charfl68: SeMen1 ol RtconwnorJed PracbC6 issued on 1 Aprfl 2005 whith18 rela8d lo In Ihg extant regulations but has been w+thdraw l understaThJ that this has been in ord&r lor the acLounts to pffjde a tru8 and lair in acwjrdare with the Generlly A¢UNIng PraclK¢ effectwe ICY reporung portods trglnnlrq on or after l January 2015. I have c&Mpletsd my exanlnatlon. I confimi that M m&ffets have come to my alltr.0n in connection wlth the exarnlnayon gIn9 me cause lo belth that In any matedal resFeCI'. 1. CjnIirJ rec4)$ werg kept In r98pt of thg Ghailty as rwiirgd by S1n 130 of tha 2011 Act.. Of 2. lh8 accounts do not acurd with tsso rocords: or 3. Ihe accounis do not corrpty with thè al¢able rU1r6MOnts )reM1 Ihe lomi content ol aewunts set out in th• ChaTill8s IAc¢ounts and RgP)rtsl ReguLation$ 2008 other than any rUlenI that the accounts glve a aTrJ n matter ¢onsidere(l as part of an irnleperklent examin&b"on. I ha¥a no conc*m6 have come acao8s no ofvr matters In tX)MecUt the exominalon lo whlch attentlon shoukl te dravm In thls In OT to a proper urylorstanding of the accounts to bè reached. Dat•J.' 20 October 2022 Hblon Drew FCA Crow• U.K. LLP Chartered Aountants Black Country House Rcwnds Gr8•n Road Oklbury Wesl MldLgnds B69 2DG Page 5
STATEIAENT OF FIN NMES n¢orporntlng Income and Expendrg FOR THE YEAR ENDED 31ST OECEIIBER 2021 Unroslvlcted Re•trl¢t nd• fund Tot•1 lunds Total 2020 In¢omo Irom". Subsorfplbns and th)nations Other tradiThJ ac111608 Imieslm&nls Tolal Incom• 32204 14,477 8A12 40,016 14.477 47.724 Expendlturn on: RaoirrfJ funds: Investment managamant 6J81 6B1 5.337 Charltable actlvfti8s Tol•l •xsxndllurn 177 Net lom b•lore Inv•itm•nt g•lM Nel gainslllesse81 on investments Nfrt Incom• b9T• othfrr r•co#nl•¢d galn• and lo•• 174.688) (20,0001 (94,688) (26.596) 12 124689 124889 52,IKIO (20,) 22,384 N•t M0men1 In fund• 52,C {20,OM) 22,384 Fl•conclllatk>n of fund#: Total funds brought forward Totsl lund• Nrrl¢d forward 1.100,199 1.120,199 I,a97, 185 1,151199 1,151199 1, 120. 199 All actiwlies wlale lo contr'nuing ¢¥)eratio. Th8 Statement ot finarKiaJ knlr4iles IrdeS all gans aThJ W¢$ rocognwd in ts riOd. Thg notes on pages 8 to 15 lorn pan ol Ihese sIarnents. Pag¢ 6
AS AT31ST DECEM8ERW21 12 1JX762 1.074520 13 &544 C••h al bw In 47,843 C4•dtor¥: Idtlr• du• llhln on• y•w 14 4164 18 16 Told on thdr Papè 7
NOTES TO THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 31ST DECEMBER 2021 1. Accountlng Policte• 1.1 Lty•l sl•tus of the ClIty The B&nevol8nt Scotety i8 a chaiity ¢onstiluled by a D¢ed of Tnth In ENJlarKI, vAKJse prlnGlpaJ otllce is elation 10 Vy5e Strea, 8lmi5wJham, 818 6LT. tt no share c¥lal. tts pndPA1 actfvty io asslst tIna4ty person$. or thdr deFeants. W01ng gr pigvlou$ly havlng worked In thg ert>Wgd by the Br$h All•J Trndo8 F•dor8tlon. The Ilnanc4al stalamnts have t•en wepart¢J ur¥Jer the Nslorfcal cr1 )vtIOn wlth Stems I00rSl al ¢X)St or transac16M ur¥$$ oth8Th slalfyl in the relevant notes to I accounts. Thg IInwl statements havo teen Fepar1 In accordarKe wllh the Statement ol Recommend&J Pra(lice'. Accourrtlrtg and R8rkn"r4 by charit prepanrKJ their alxounts In accordarte vlth the Finartiel Repyting Slathrd arrAicatile In Ihg UK aNI FlOw1C ol Irda$ (FAS 1(r2118sueKI on 16 July 2014 and FIMn¢lal Rèportlno StaThJard appllcabl8 In ts Unrt KINJdom 8Th1 Republk ol IrdaThl IFRS 1021 arKI Charftles Acl 2011. Th6 8en8vol8m Sc4 0)nS a bor11 endty a8 delIr by FRS 102. 12 Fund oolIng General fund$ are unre8trktthl lurnJ8 are 8Yallatlo for use at the (Ixrellon of the TnJst• Iuflheran( of the generai ct4ocJves of the chanty arnl whlch ha rnt been d88ignaleLI lor Reslrfcte(I lurvjs are funds ¥•thh lo b• uwl In accordarrA 7Aith roslrlGlh)nB ImFowJ by th)noffj or YknlGh have been ralstd by charty lor p8tlkwlar purpue6. The costs ol ra181 and admlnlsledry such furKls are clwgBd tyaln81 I1 wh1¢ fu1. The and uso 019och re8lrklod lund18 801 ryjl In lo Iho lInw 61•ton. 1A Irwm• All Incom8 Is r8cognl88d onc8 charlty ha5 enthfemènt to thé lrtom,11 18 probatrAe Ihal tt Income will h rtteived, 8rnJ the amounl ol irrne Te1VatIO can be measur•Y reliably. For IW•#, tnthlomont taken •5 Ihe rIer ol the date IM erther: ts charftyls awar• that probale has been granled, the eslate has been IlnaMs•J a1 nolfficallon has twi made by the èxt1011s) to t1 TfU8t that a dtStr1bUtk wlll bè madè, or wh8n a dlBtrlbutlon Is ree8 from è8tst6. RecelrA ol 816gw. In whole In pArt.18 only o)r6ld&red ryc&abk wn th8 arno1 can be measured Telly. a1 fv tharity has been Th)trf ol Ihe eXWLrtorfs Inlgnllon to makè a dlstrfbut1). Where havo t•èn Mtilied lo th8 tharity, or th& charity 18 awarè ol the grnntirrfJ ol probats, arKJ the crrteiia lor ir¢orr r8coanitYJn have Lwn 11w the gacy 1$ tr•al•d as a cry)tNyrrt 4ss•t (fisc•ed it nth1. Income lax re(verabK8 In relayon lo th)naUoro r•c*wd urxl•r (Jft Akl or deeds DI covffiant re¢cqnE¥ed ot the Ilme ol thnallon. Incomg lax rKOVerab In relaoon to In81[rt is rwnlsl al tho thmfj Ihg Inveslmenl Incomè Is rec8ivatrAe. Pago 8
Benlent Society NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 l. Accountlng P¢llcles (con11n) 1.5 Expendllure ExpeThJiture is recr4nised ortt there is a legaj or cfjnstructNe obligalK)n to transfer economic b8n81ft to 8 third party, it ¢8 wjatIe thal a trarleT ol )nOM b8Mlits will be iequlr&J In Sgttlemwl a1 the amouni of Ihe c&ligaiicffi can be measured reliabty. ExFenditure is classlli•Y by actlty. Th8 costs ol 8ach activty are mado up ol Ihe 10t ol dir1 ¢osis and sharèj costs, IncludirYJ wpport Costs invow in urwJertaklThJ each aLIMty. Direct costs altritrutablg io a slngl8 aclmty are dlocaled diredy lo Ihat xtmty. Grants payatjle are ¢hwged in year th& ¢)tlor is m•Jg. 1.6 In81mnI• Flxgd assel inveStnIS 8re a form ot Ilnanclgl Inslrumenl s1 are Inllk911y recognised at thr tr8nsactSon cost and 8ubsequ8ntly mèasured at lair value at the B3n shgel dale. un1068 Idr value cannot be rrasured rel1Y In which case rt Is masured al cosl less Impalmènt. Investment galns aThJ losses, whether realiseil or unrealisgd. are combined and shown In i headlno 'Gdnslllo8S881 on Investments. ui Ihe Statomont ol finan¢il actyvlb'es. 1.7 Int•r••l r•celv•bl• Interest on lunds hekl on dep)slt 18 recetr¥•blè the amnI Gan ThOA6urwJ reliably ty tho ¢hgrity; thi$ bs u[ Thx1fan of Ihe inlw8s1 paid or pAyabl8 by Ihè Bank. 1A Dobtor• Trade and other deb10 are rwnisod al thg $8lllemont anUnI after any tr&Jè db60wnl oflered. Pr8paynnts are valued 41 Ihe 8rTh)unl F¥fjp rni ol any Iradg dlscounts due. 1.9 Cmh •1 Bank Ind In h•nd Cash ai bank arKJ in harKJ includ68 ca8h and Srt temi highly IJuKI investments with a short matuty ot three monihs or less trom the dale ol acqulsftk)n or opening ol ihe dep051t or similar account 1.10 Uabllllkn• And pro¥lthn• LIaleS aro r9181 when Itwe is an ofiigation * ihe Bnce Strt dat9 as a result ol a past 8V8nt, Itls probable thal a trans18r of orK]rn ben81it wll ba r8quir8d in settlemant, aTrJ tho afflounl ol the setdeffnt can be eslimaled rdiaÈ4y. Luqixlities ar8 IOgnISed at tho amount that the charity anticipato$ il will pay lo settle the dd)l or the aThunI it has recowe(l as advanced payrnents lor t goods w semces it must promde. Prowsron5 are measured at the best e5mle ol th& amounts rquirod to sèllo the (¥ligaliM. Where effect ol Y8 ol money 15 materHI, tho provislon Ss based on the wesent value ol lh anb)unts. dlscounted ai the pre tax discounl rate that reflects e $3 8Fec4ft to the Ilthlty. The Un¥[ra of the dL8count Is reccJnl*J within intWo81 payab arKI ¥lThwlar charggs. 1.11 Nnanclal Irwtrurnents The chaiity only has linartial assets aThY tinanual liabl18$ of a kind 1hat qualffy a6 baslc Ilnanclal instrumgnts. Bask finala1 inslrumgnts are Inllally recojnlsed * transaction Valug arKI subsequertty at their Settle1 value at the balance sheet date. Page 9
Thè Benevolent Soc NOTES TO THE FINI4CIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 Accounllng Pollcles Icontlnuedl 1.12 Crltlcal occouniing 08llmats• and •r••8 of ludgwn Estimat85 and judgements a COnUallY evaluated a1 are based on historical experi8nce a1 other factors. Incl119 exFectstions ol future events that are b8liev•J lo b8 reasonable under the circumstances. The company not any accounlng esllmalgs or assumptio. 1.13 Golng CoK•m The Trustees t4i8Vg that th8re are no rna1erf UFKertaints that call into doubt the Chall$ abillty to continuo as a gng COrM Ihe accounts have Iherolore been preparod on the goirwJ concem basis. Incom• from ¥ub•crlptlon•, donalkm• and l•g•cl•• Tol•l lund• Tor81 ftjnds 2020 fvnd• nd# From momr6 and asswiate m8r 8ri'sh Allied Tradès Fed8iation Tho Giih¥are Assoclallon Varfcus donations 23307 4,012 4,012 4,314 214 12 2021, 01 Ihè total incoTh from (Jonatlons arKI legacw, £32,204 was to uNestittod lut)ds12020: £27,724) and £8,412 was lo iestrided luThts12020.. t20.j0) 3. Fundrnl•lng Incomo unnrI¢l•d fvnd• R••trl¢¢ nd• Totsl lund• T1 fvnds B811 14 Tolal fUrKlrng Incom• In 2021, 01 the to1 Incryn& frryn other fr1j athltbgs. £14.47T was lo urwtrstr1 funds {2020.. £NILI and £NIL was to r¢strfGtgd fund$12020.. tNILI. N¢)te.' the aLx>ve aclmlies are uTrJert8n ty slaff and merthrs of Biitiyh Allted Trade8 FeratiOn lor the specific nalit ot the Socaety. Page 10
NOTES TO THE FIMAPKIAL STATEMEiirs FOA YHE YEAR ENDED 31ST DECEMBER %121 In¥8slrnwt Incom• Toi41 lund Total nds 2021 fund• 2021 2020 and r01¥able I10 Totsl InTM•lm•Trt Income 10 In 2021. 01 th& iotal Inveffnl Irm. £27.51012020.' t25.1791 to resired £NIL 12020.. £Nill was lo restricted luTrts. S. Dlrn¢t ¢o•ts lund 2021 tund• Totsi Total r8arl08 Grants w n91clar her 18,885 92.501 18,88S 92.X11 18297 63.147 Total dlrnct ¢o•t• 42 lTrJMduals I¢T111 IT gTanl$ In a)21 12020: 421 to £92yIi12020: £63.147). 6. Support ¢o•ts UnM•trfe nd¥ nd• 2021 To¢•1 Total 2020 S8¢r•tsrKql le•s Event Organi$ V181tlng lees Insuran¢e Consultancy lee Legal costs Prlnling $talbJnory CommunKatio Trav Iliscellaneous 4.691 1,627 4,1 I,J73 1.166 147 147 215 88 12 Tolal supwt co•ts Page 11
Th• B•n•volent So¢knty NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 Unr•strkted fund¥ R•trl¢ted nd¥ Total fvnds 2020 2021 lThIenonI examinalion fee eling 9xpoO$ 114 I14 1,814 410 Tol•l gg¥•m•nc• ¢iMt• 8. AnotyJlB ol r•8¢)uM• •xlded by •xp•ndltUM ty Oth•r co•t• 2021 Total 2Q29 ExndIture on Snveslfflonl managem8ni 581 Co•t ol ggngrnthw fund• 6,SB1 5,337 Dthre supFwt costs Expèndthre on oov•manc• 168,698 91,938 Total •xp•ndlture 177 g. Not Incomlng r••ourc•W (r••our¢M •xwnd•d During lh9 y99r. no Truslees recwved any remunerat*n12020- £NILI. During the year, no Tru8e$ recwe(l any bwwlrts in knnd12020'. £NILI. During th& year 2021. Tmstg9$ roCvad £0 In re1rntrsemenl ol experffje812020: rJ91. 10. Audltor•' r•mun•rntlon The Indopgndgnl Exa5 rerfathin alTnts £1.51212020: £1,512) 11. Staff co•ts The charfly has no enwoyeos Othgr than thg Trustges. did Thit rocoi4 any rarnun•ration12020 £NILI. Page 12
NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 12. Flxed Assets List•d •ecuiltles Mark•t Valu• Al 1 $1 January 2021 AthSition$ DFsposal8 Net nwvemonls in Nèt galn on Inv•stm•nts 1,075,V20 104.010 1190,6451 119.812) At 31st 091[ 2021 In•nI• at ma•1 v•lu• comprfM: UK ¢)w•M• 2020 8ted investnlS 1& Debtors: amounts talllw In Bfltish Alllod Tr•& ratIon hèr debtors PrepaYrnts and ac¥xugd InLX)
X771 Totsl d•btor• 14. CTrdllw•: Amount¥ 14lllng wllhln 2020 Ott*r creditors 3. 164 Totsl cr•dllor8 Page 13
Th¢ Ben¢Ient Socknty NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 1& Investment Income 2021 2020 nancial assets measured al lair Vall Ihrough and exFeTrJiture nandal 8888ts measured al arrrti c(Ist 1,095,762 1,075,520 Flnandal Ilablli1188 ffwured at alrtISed ¢M¢ FSnandal assets moasured al lali vatue thmugh Irwng and eXpKllUre comprlses IlxwJ ass91 InVrnents. FSnanryal assets mea8iifthJ ai am01sed cost corw688 cash at bar otsr sIrt lemi deLors. Financial liabililies measured at anK4ts•J ulst c8$ (lje lo ber*lldartg8 aNI olhgr Short term credltors. 16. Stat•m•nt of fund• Currnnt Y••r Brought lonv•rd C•rrl•d forward 2021 2021 Unr••trl¢ir•d lund• General funds . all lunds 1,11)0,199 74,191 {146.M)) 126.689 1,151199 RO8trr•d fvnd• MasteaCe 8.412 128,412) Tot•1 lund• 1,120,199 177 Page 14
The Bon10Th1 Soclety NOTES TO TklE FINANCIAL STATEklEpirs FOR THE YEAR ENDED 31ST DECEMBER 2021 16. Stst•mont of fund8 (¢ontlrMxd) Prlor Y¢ar Brought l¢vward 2020 Gainsl (losses) Canr6d lorward 2020 unrtrICtrOd fundA General funds- all 1.097.815 199,499) 48.980 i. YOO,199 Ae•trlctred lundg astgrpea¢g Ac8demy Tol•l lund• 1,097,815 199,499) 1. 120. 199 M88t8rptÈeo Academy ha8 the alm to devekjp a pomwnont. cuhuT81ty reknvaN18wellery 9MY In Bkn)ingham's Jewellery QLJarter in Coron wllh lewellery tralning organlsalions, 8nWoyers and retailgrs lo grrp)wor. Irain aThJ equlp fv next 9VraOn ol Master Jewelth. ts tralning Ss lillIaV revanl but not exclusively 60. 17. Analy•l• ol n•t b•tw••n lund¥ Unr••trlct•d A••trfct•d fund• fund• funds 2021 Tolal 2020 Flxed ass&t Investmnts Current assots Cr•Jitorn due wlthin ont y Im5,762 59,807 {3,3701 1.095,782 1,075,520 47,843 (23. 164) 1.151199 1.152,199 1,100. 199 18. Rel•ted p•rty tr•n••ctkn• Brfbsh Alllgd Trles Federalkin pffjvides )uranCY adtrwnistralion to The Benovolent Sc¢iety. ring the year British All1 Trades Federation donat £4.012 to The BenevonI &o'ety12020'. £4,314), and at the year end outs11j detlors M&s9 £30,7711&20: £582). Page 15