722
THE BENEVOLEKf SOClErY
UNAUDrrED
TRUSTEES. REPORT AND FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 DECEMBER 2021

The Be￿91¢nt
Re18renc8 aTrJ admknlstrauvo dotlL8 01 Ih? ctsrity. Ns trustees aThl thsers
Trustees. report
IrKlependent examin•¢8 ￿Port
Stslonwnt ol ￿na￿al aclthlles
8alar¢e sheet
Nol&s to the Ifnandal slatefforfs
8.15

The Benevoknl Socioty
REFERENCE AND ADMINISThAThIE D￿AlLs OF THE CHARrrY. rrs TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2021
Truslo•5
Ms G Penfold. Chaimmn
Mr D Doyle, Vice ChaI￿nan ar*J TrgasLKW
Mrs M 8r8nnan. Tiu8t8e
Mr T Green, Trusts8
Mr H Skouty, Trus*8
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, BI￿lr￿Jharn, 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 kwe￿nI their anwal rep)rt iogetrer wtth the lina￿4a1 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. wO￿ng, ¢y
Previously ha￿n0 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 a￿j tralnlng ty providing lor bursaries or olhor linancl
support lo we￿Ing or Inte￿14n9 lo woth in the trades. To •xecute this pOI￿y. the Soci8ty is
dop￿dent Lwn Incoff* from subscrptions Irom mentsrs 01 the British Ali8d Tradtrs Federallon,
from donalkJnB, from ovent6 Imm its ln4wlll￿nfy.
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 ber*fft In ex8￿￿61r9 thdr dutth.
hkv•m•nt• and prlorm•n¢•
. R•¥1￿ ol actlvbtl•¥
Th• accounts lor the year erthj 31 2021 shrm fArtgo￿9 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 ge￿rat￿ &n i1￿me 01 £27,510 duriThJ Ihg ygar. Mathel valu8 of
c￿r inveslrnenls is £1,095,762. Thé Trustèès cmtlnued to ￿ dillgerrt in deuding UFXX grants madg 10
Individuals but wére S￿11 the to award Ihe sum of £92.501 to 42 neety b&nefldarfe8.
The Sodety is exlremdy gratèful lor thg ger￿0￿$ d￿at￿n5 m8da by men*ers ol the Brllsh Allgd
Trad88 Federatlon lolJllw £23267.
Th9 2021 Christma6 Ball was successfully he￿ at The GTarMI Hotd. &"milngham. ffla￿ng 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 sutlk*nl lo meet Ihe Med8 of hs benefic￿￿￿8. Thoy
are con5CIOUS that thdr Invest￿nI Policy rwst be dlrecled towards maIn￿1n1￿ Ihg rgal valu8 01
Investmants lo pr¢>Juce IwKorr* lor PfQSF*clI'¥e lulure ixn&llryari8s as wdl as cuThent b8neliciarie8.
Thg Sodety's InveStr￿nt porttollo Is gnlroty IrNB$l8d in a ranp of ConTh)n Inv8stm8nt Fur¥Js,
G0vemn￿l st￿ks and SFec1￿1St Unrf Trusts a￿1 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 a￿1 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 Suff￿1&￿t level tst re8er¥es to cover any payrT￿S v**ich may bscorne du
n8ce85ary to the sodety flex1￿lty 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 grar*s •KI bursarlx to worthy IrKXvkluab.
•. Con*tltutlon
The Be￿V0[￿l Soclety18 Cl￿8￿u￿d by a TnAt Do8d on 18 Junè 2018 Is a rngldwod
chaity.
The charlty IB +>Jntroll•d ty Its govemlng th)￿nN￿nI. a d8th1 of trust. an unlnc¥xporal￿l
charlly.
M•thod ot •ppolntm•nl w •l•¢ilon ol Try•tw•
management ol the chathy is the To6pon$itxlty of aro oknctsd aThJ ¢¢ Omed
uThJer the ot tho TrLtst d••Y.
The Tru8ie68 dld not rary out g lonngl assesS￿nI of the lo **lch ￿ S• Is gubi9Ct du￿n9
year as it was lott that notrmng had ch8nowJ 8ince thefr wevoous nsk 888e¥3m•rt W￿1￿ found
no Blonlllcant risks. A revlew ol the ex*lirwJ rtsk assessmerrt Is rjarred ft¥ May 2022. They rnAfflrrnd
Ildr 6trat•gy rogafd 10 In¥68tm•r*8 kn th& I1￿ of ¢wrrort ￿￿111￿￿.
8pon•or•
The Socknty woubd1Ske lo Ihar44 our lor Ihdr 8UPW land Ththll8t thoso ￿ nwnyl,
prlncipal ones ate, Assay Office BIrT￿ham, Cwgs ¢>een a ￿. Cook80ngold, LNamoThJs Please,
CW Sellors, H￿k1&Y Mlni, JeWel￿ry & Watth, T H March & Co Ltd. H S Walsh & SonB Ltd and
Weston Beaffl￿ Ltd. Th• Trustges *YJuld olso IM(e 10 thgnk the Board of Dlre¢lor5 of the Fgderallon
trade a880datK*¢B of the 8rlll8h Ajlknl Trn(les F￿ra￿on for th8lT surrf￿rt thyouohoul the yoar.
Bur8arl•8
Burnaries to the I7tal value 01 £18,685, w•r• awwdèd to Slud*)t• In 2021. to fjnab￿ thèm to ba￿￿1
from variou$ Couws in the Je￿1￿. ¢knare Surface Engineering irn*JstrièB. Thg bursarles
r• awarnled as a ￿sU11 of a charqg to Otiethi￿ in 2016, lo SUFfQrt iN*wdual$
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•ar*thg 31st D￿thr 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 char￿9$ Act 2011 Yhe 2011 Acl'l.
I report Sn respgcl ol ry examlnatr)n ol the Charf￿s 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 Re￿rti￿ Standard 8OlGablg in UK
aThJ Rgpullio ol Ireland IFRS 1021 in pr91gr9￿ lo the Affo(tntirrfJ ￿ ReportirYJ by Charfl68:
S￿eMen1 ol Rtconwnor*Jed PracbC6 issued on 1 Aprfl 2005 whith18 rela￿8d lo In Ihg extant
regulations but has been w+thdraw
l understaThJ that this has been in ord&r lor the acLounts to pffj￿de a tru8 and lair in
acwjrdar￿e with the Generlly A¢￿UNIng PraclK¢ effectwe ICY reporung portods tr*glnnlrq
on or after l January 2015.
I have c&Mpletsd my exanlnatlon. I confimi that M m&ffets have come to my all￿tr.0n in connection
wlth the exarnlnayon gI￿n9 me cause lo belth that In any matedal resFeCI'.
1. ￿C￿jnIir￿J rec4)￿$ werg kept In r98p￿t of thg Ghailty as rwiirgd by S￿￿1n 130 of tha
2011 Act.. Of
2. lh8 accounts do not acurd with tsso rocords: or
3. Ihe accounis do not corrpty with thè a￿l¢able r￿U1r6MOnts ￿)r￿eM1￿ Ihe lomi
content ol aewunts set out in th• ChaTill8s IAc¢ounts and RgP)rtsl ReguLation$ 2008
other than any r￿Ul￿e￿nI 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 O￿T to a proper urylorstanding of the
accounts to bè reached.
Dat•J.' 20 October 2022
Hblon Drew
FCA
Crow• U.K. LLP
Chartered A￿ountants
Black Country House
Rcwnds Gr8•n Road
Oklbury
Wesl MldLgnds
B69 2DG
Page 5

STATEIAENT OF FIN
NMES
n¢orporntlng Income and Expend￿￿rg
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 ac11￿1608
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• b￿9T• 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 M0￿men1 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 Ir￿￿deS all gans aThJ W¢$ rocognwd in ts ￿riOd.
Thg notes on pages 8 to 15 lorn pan ol Ihese sI￿arnents.
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 C￿lIty
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
p￿ndPA1 actfvty io asslst tIna￿4￿ty person$. or thdr deFe￿ants. W0￿1ng gr pigvlou$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 cr￿1 ￿)v￿tIOn wlth Stems
I￿00r￿S￿l al ¢X)St or transac16M ur￿¥$$ oth8Th￿ slalfyl in the relevant notes to I
accounts. Thg IInw￿l￿ statements havo teen F*epar￿1 In accordarKe wllh the Statement ol
Recommend&J Pra(lice'. Accourrtlrtg and R8￿rkn"r4 by charit￿ prepanrKJ their alxounts In
accordarte vlth the Finartiel Repyting Slathrd arrAicatile In Ihg UK aNI FlOw￿1C 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 bor￿11 endty a8 delIr￿ by FRS 102.
12 Fund o￿o￿lIng
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 ¥•th*h 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¢ fu￿1. 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 ir￿rne Te￿1VatIO 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 a￿1 nolfficallon has twi made by
the èxt￿1011s) 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 w￿n th8
arno￿1 can be measured Tell￿y. a￿1 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 In￿81[￿rt is rwnls￿l al tho thmfj Ihg Inveslmenl
Incomè Is rec8ivatrAe.
Pago 8

Ben￿lent 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 w￿jatIe thal a trar￿leT ol ￿)nOM￿ b8Mlits will be iequlr&J In
Sgttlemwl a￿1 the amouni of Ihe c&ligaiicffi can be measured reliabty. ExFenditure is classlli•Y
by actl￿ty. Th8 costs ol 8ach activty are mado up ol Ihe 10t￿ ol dir￿1 ¢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 In￿81m￿nI•
Flxgd assel inveSt￿￿nIS 8re a form ot Ilnanclgl Inslrumenl s￿1 are Inllk911y recognised at th￿r
tr8nsactSon cost and 8ubsequ8ntly mèasured at lair value at the B3￿n￿ shgel dale. un1068 Idr
value cannot be rr*asured rel1￿Y 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 am￿nI Gan ￿ ThOA6urwJ
reliably ty tho ¢hgrity; thi$ bs u[￿ Thx1f*a￿n of Ihe inlw8s1 paid or pAyabl8 by Ihè
Bank.
1A Dobtor•
Trade and other deb10￿ are rwnisod al thg $8lllemont an￿UnI after any tr&Jè db60wnl
oflered. Pr8payn*nts are valued 41 Ihe 8rTh)unl F¥fjp* rni ol any Iradg dlscounts due.
1.9 Cmh •1 Bank Ind In h•nd
Cash ai bank arKJ in harKJ includ68 ca8h and S￿rt temi highly I*JuKI investments with a short
matuty ot three monihs or less trom the dale ol acqulsftk)n or opening ol ihe dep051t or similar
account
1.10 Uabllllkn• And pro¥lthn•
LIa￿l￿eS aro r￿91￿8￿1 when Itwe is an ofiigation * ihe B￿nce S￿trt dat9 as a result ol a past
8V8nt, Itls probable thal a trans18r of ￿orK]rn￿ ben81it wll ba r8quir8d in settlemant, aTrJ tho afflounl
ol the setdeff*nt can be eslimaled rdiaÈ4y. Luqixlities ar8 I￿OgnISed at tho amount that the charity
anticipato$ il will pay lo settle the dd)l or the aTh￿unI it has recowe(l as advanced payrnents lor t
goods w semces it must promde. Prowsron5 are measured at the best e5￿m￿le ol th& amounts
rquirod to sèllo the (*¥ligaliM. Where ￿ effect ol Y￿￿8 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 ￿$￿3 8Fec4ft to the Ilthlty. The Un¥￿￿￿[r￿a of the dL8count Is recc*Jnl*J within intWo81 payab
arKI ¥lThwlar charggs.
1.11 Nnanclal Irwtrurnents
The chaiity only has linartial assets aThY tinanual liabl￿18$ of a kind 1hat qualffy a6 baslc
Ilnanclal instrumgnts. Bask fina￿la1 inslrumgnts are Inllally recojnlsed * transaction Valug arKI
subsequertty at their Settle￿￿1 value at the balance sheet date.
Page 9

Thè Benevolent Soc
NOTES TO THE FIN*I4CIAL 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￿ CO￿nUallY evaluated a￿1 are based on historical experi8nce a￿1
other factors. Incl￿11￿9 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￿ UFKertaint*s that call into doubt the Chall￿$
abillty to continuo as a g￿ng COr￿M 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 mom￿r6 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
unn￿rI¢l•d
fvnd•
R••trl¢¢
nd•
Totsl
lund•
T￿￿1
fvnds
B811
14
Tolal fUrKlr￿ng Incom•
In 2021, 01 the to￿1 Incryn& frryn other fr￿1￿j 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 uTrJert*8n ty slaff and merthrs of Biitiyh Allted Trade8
F￿eratiOn 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 r￿01¥able I￿10
Totsl InTM•lm•Trt Income ￿10
In 2021. 01 th& iotal Inve*ff*nl Irm. £27.51012020.' t25.1791 to ￿resir￿ed £NIL
12020.. £Nill was lo restricted luTrts.
S. Dlrn¢t ¢o•ts
lund*
2021
tund•
Totsi
Total
r8arl08
Grants w ￿n91￿clar
her
18,885
92.501
18,88S
92.X11
18297
63.147
Total dlrnct ¢o•t•
42 lTrJMduals I￿¢T11￿1 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
lThIe￿n￿onI examinalion fee
eling 9xpo￿O$
1￿14
I￿14
1,814
410
Tol•l gg¥•m•nc• ¢iMt•
8. AnotyJlB ol r•8¢)uM• •xl￿ded by •xp•ndltUM ty
Oth•r co•t•
2021
Total
2Q29
Ex￿ndIture on Snveslfflonl managem8ni
581
Co•t ol ggngrnthw fund•
6,SB1
5,337
Dthre￿ supF*wt 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 Tru￿8e$ recwe(l any bwwlrts in knnd12020'. £NILI.
During th& year 2021. Tmstg9$ roC￿vad £0 In re1rnt￿rsemenl ol experffje812020: rJ91.
10. Audltor•' r•mun•rntlon
The Indopgndgnl Exa￿￿5 re￿￿r￿fathin alT￿nts ￿ £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 0￿91￿[ 2021
In￿•￿￿nI• at ma￿•1 v•lu• comprfM:
UK ¢)w•M•
2020
8ted investn￿lS
1& Debtors: amounts talllw In
Bfltish Alllod Tr￿•& ￿￿ratIon
hèr debtors
PrepaYr￿nts 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 arr￿rti￿ c(Ist
1,095,762
1,075,520
Flnandal Ilablli1188 ffwured at al￿rtISed ¢M¢
FSnandal assets moasured al lali vatue thmugh Irwng and eXpK￿llUre comprlses IlxwJ ass91
InV￿rnents.
FSnanryal assets mea8iifthJ ai am01￿sed cost corw688 cash at bar* otsr sI￿rt lemi deL*ors.
Financial liabililies measured at anK4ts•J ulst c￿￿8$ (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
RO8tr￿r•d fvnd•
Maste￿aCe
8.412
128,412)
Tot•1 lund•
1,120,199
177
Page 14

The Bon￿10Th1 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
unr￿trICtrOd 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 9￿￿￿MY In
Bkn)ingham's Jewellery QLJarter in Co￿r￿on wllh lewellery tralning organlsalions, 8nWoyers and
retailgrs lo grrp)wor. Irain aThJ equlp fv next 9V￿ra￿On ol Master Jewelth. ts tralning Ss ￿lillIa￿V
r*evanl 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 Tr*les Federalkin pffjvides ￿)ur￿anCY adtrwnistralion to The Benovolent Sc¢iety. ￿ring
the year British All1￿￿ Trades Federation donat￿ £4.012 to The Benevo￿nI &o'ety12020'. £4,314), and at
the year end outs1￿1￿j detlors ￿M￿&s9￿ £30,7711&20: £582).
Page 15