The BG Campbell Trust Fund
Charity Number: 255369
Trustee's Report and Financial Statements
For the Year Ended
31st March 2022

The BG Campbell Trust Fund
Trustee's Report and Financial Statements
For the year ended 31 March 2022
Contents
Page..
Officers and Professional Advisors
Trustee's Report
IndependentAuditorfs Report
Financial Statements
Statement of Financial Activities
io
Balance Sheet
li
Statement of Cash Flows and Net Debt Analysis
12
Notes to the Financial Statements
13-19

The BG Campbell Trust Fund
Officers and Professional Advisors
For the year ended 31 March 2022
Trustee
Community Foundalion for Leeds - Corporate Trustee, appointed 2nd December 2013 (referred to throughout
as Leeds Community Foundation) Registered Charity Number: 1096892. Company number.. 04443312
Registered Office
Leeds Community Foundation
Isl Floor
51a St Paul'5 Street
Leeds
LSI 2TE
Bankers
Santander
Bootle
Merseyside
L304GB
Investment Managers
Sarasin and Partners LLP
Juxno House
100 St Paul's Churchyard
London. EC4M 8BU
Rathbone Investment Management Limited
Port of Liverpool Building
Pier Head
Liverpool. L3 INW
Abrdn
Bow Bells House
18read Street
EC4M 9HH
CCLA Investment Management Limited
Senator Htsu5e
85 Queen Victoria Street
London, EC4V 4ET
Auditor
Saffery Champness LIP
Mitre HoLJse
North Park Road
Harrogate, North Yorkshire
HGI 5RX
Page I

The BG Campbell Trust Fund
Trustee's Report
For the year ended 31 March 2022
Trustee's Report
The BG Campbell Trust Fund I'the Trust'l is registered as a charity in England and Wales under the Charities Acts
2011, Registration Number 255369. The principal and registered office is Leeds Comtnunity Foundation, 1st
Floor, 51a St Paul's Street, Leeds. LSI 2TE. The TTUStee ha5 administered the Trust during the year in accordance
with the terms and objects of the Trust as laid down in the original deed.
Legal and Administrative details
The Trust was created on 14 February 1968 by èn irrevocable deed between Brian Greaves Campbell, the founder
and a founder mcmber and former director of Allied Colloids Group Limited, and the oriEinal Trustees.
For the purposes of establishing the Trust the founder transferred 10,000 of his ordinary share5 of lop each in
Allied Colloids Group Limited as an endowment to the Trust.
Durin8 1998, Allied Colloids Group plc, the sutcessor to Allied Colloid5 Limited was taken over. Following the take
over the Trustee5 sold their entire shareholding in Allied Colloids Group plc and re-invested the funds through a
diversified range of investment manaEers. During 2013 the former Trustees sought alternalive management for
the Trust and this transfer was affected by Leeds Community Foundation becoming Corporate Trustee of The BG
Campbell Trust Fund on 2 December 2013. Details of governance and management regarding the Trustee Board
and executive officers of Leed5 Community Foundation can be found in the financial statements of the Trustee
which are available on their website www.leedscf.org.uk
Objects and Activities of the Trust
The objects of the Trust are to help poor or necessitous former employees and their dependents of Allied Colloids
Limited. If. in any year, the whole of the income is not paid or applied as above, the Trustee may pay or apply the
income to the Salvation Army or the British Red Cross, and in default of such payment and application they may
apply the income for charitable purposes generally.
The Trust ha5 established its Erant making policy to achieve its objec15. Payments to beneficiaries are determined
by the Trustee based on application forms received from applicant5. The pool to be paid out is established and
the payments to individuals are calculated. During the year, 247 individu31s12021- 2481 benefited from grants
made by the Trust.
The Trustee confirms that they have referred to the guidance conlained in the Charity Commission's general
guidance or) public benefit when reviewing theTrust's aims and objectives and in planning grant making activitie5.
Review of financial activity
The financial statement5 have been prepared under the historical cost convention and in accordance with
Statement of recommended Practice 'Accounting and Reporting by Charities. (issued in December 20151 and
applicable United Kingdom accounting standards includir)g FRS 102 The Financial Reporting St3ndard applic3ble
in the UK and Republic of Ireland.
During the year net outgoing resources of £93,01)012021= £110,000) were deducted from the unrestricted funds,
and £nil wa5 added to the endowment fund5 from operation$12021= £nill which together with realised and
unrealised gains on investments during the year of £906,(X)012021.. £3,767,000 gain) resulted in the nel asset5
of the Trust increasing by £813,00012021= £3.657.000 increase). The Tru5Vs total funds (unrestricted fund5 and
expendable endowment funds) amounted to £21,934,(X)O at 31 March 202212021-. £21,121,000).
PaBe 2

The BG Campbell Trust Fund
Trustee's Report
For the year ended 31 March 2022
Trustee's Report (continued)
Reserves Policy
The polity of the Trust is to maintain sufficient capital to allow the Trustee to carry out the objectives of the
charity. The Trust has accumulated unrestricted reserves of £815,000 12021., £908,000) to provide for an
anticipated increase in the number of benefi.ciaries who will be eligible to be considered forgrants. Further details
are included below in the Trustee's plan for the future.
On 16 April 2009, the Charity Commi55ion approved the Trustee's resolution lo expend capital from endowment
funds should this be required io meet payments to benefitiaries.
Fundraising
The charity cloes not use a professional fundraiser 01 commercial participator to raise funds and does not directly
approach individual members of the public. During the period, no complaint5 have been received about
fundraising activities. The fundraising practices comply with Charitie5 Act 2011, the Charities (Protection and
Social Investment) Act 2016, and the Code of Fundraising Practice.
Risk Factors
The Trustee aclively reviews the major risk5 to which the charity is exposed and is satikfied that Systems are in
place to mitigate exposure to the major risks.
Common Reporting Standard
The Common Reporting Standard is the international tax transparency legislation that aims to prevent tax evasion
and allows the automatic exchange of financial accounts information between participatinE
jurisdictions. During the year the Trust complied with guidance issued by HMRC and obtained and submitted
residency information from those grant beneficiaries who are not based in the UK.
Investment Policy and Performance
The investment objectives are to achieve a balance of capital growth and income. During the year investments
were held in a discretionary portfolio by Rathbones, Abrdn, Sarasin Alpha CIF for Endowment5 Income fund, and
CCLA.
The Trust deed provides power of investment and the 3ssets of the Trust are invested by the invegtment
managers. Investments are monitored on 3 quarterly basis through the Resources and Governance committee of
the Corporale Trustee, Leeds Community Foundation.
The March 2020 Trustee meeting approved the recommendalion that the incumbent investment managers
(Rathbones and Sarasinl be reappointed alongside the ir)vestment managers for Leeds Community Foundation,
CCLA and Aberdeen Standard Capital. This Trustee meeting also approved the recommendation that the
investments for the Trust and those for Leeds Community Foundation be split across these four investment
managers to diversify the portfolios and spread the risk foi each of the charities. The process to transfer fundi
between the four investment manage15 commenced during this year and was completed in June 2021.
The Future
The Trustee's plan for ihe future is to ensure as far as is possible that sufficient funds are available to continue to
pay existing and potential beneficiaries. Currently the level of unreslricted reserves is £815,000. The Trustee
acknowledges that payments io beneficiaries will increase in the future due to the age and profile of the eligible
beneficiaries.
Page 3

The BG Campbell Trust Fund
Trustee's Report
For the year ended 31 March 2022
Trustee's Report (continued)
The Future Icontinuedl
During 2017 the Trustee commissioned an actuarial review of the trust and the results of thi5 review
suggested that there were funds available that could be pul towards grant making in Ihe wider Br3dford District,
whilst Still retaining a focus on beneficiarie5 who are poor, Incapacitated and necessitous in line with the objects
of the Trust. Work was undertaken to identify suitable grants programmes that could be supported by the Trust
and during this year £194,000 has been paid to a number of charstable organisations in the Bradford district.
In June 2020 an update to the actuarial review took place as a result of the forecast reduction in returns from
investments. The results of this review suggest that the funds avaslable for grant making in the wider Bradford
District have decre35ed and that no further such grants should be made other than those Erants which had
already been approved and those grants to beneficiaries who are poor, incapacitated and necessitous in line with
the objects of the Trust.
In June 2022 a further actuarial review was undertaken and the trustee 15 currently considering ihe re5uIt5 before
making further plans.
Trustee Responsibilities Statement
The trustee is responsible for preparing the Trustee's Annual Report and the financial statements in accordance
with applicable law and regulations.
The Charities Act 2011 requires the trustee to prepare financial statement5 for each financial year. The trustee
has to prepare ihe financial Statements in accordance with United Kingdom Generally Accepted Accounting
Practice Iunited Kingdom Accounting standards and applicable lawl, including FRS 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland. The trustee must not approve the financial statements
unle55 they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incomin8
resources and application of resources, includinE the income and expenditure, for that period. In preparing these
financial statements, the trustee is required to=
select suitable accounting policies and then apply them consistently-
observe the methods and principle5 in the Charities SORP IFRS 1021,.
make judEments and accounting estimates that are reasonable and prudent-
state whether applicable UK Accounting Standards have been followed, Subject to any material departures
disclosed and explained in the financial statements-
prepare the financial statements on ihe goinE concern basis unless It is inappropriate to presumè that the
charity will continue in business.
The trustee is responsible for keeping adequate accounting records that are sufficient to show and explain the
charity's transactions and disclose with reasonable accuracy at any time the financial position of the charily and
enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts
and Reports) Regulations 2008 and the provisions of the trust deed. They are also re5pon5ible for safeguardinE
the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Page 4

The BG Campbell Trust Fund
Trustee's Report
For the year ended 31 March 2022
Trustee's Report {continued)
Auditor
SaffÈry Ch3mpness LLP acted as auditor in the year and having expressed their willingness to continue in office
will be deemed reappointed for the next financial year.
This report was approved by the Trustee on 21 September 2022.
Nicholas Lane Fox
On behalf of Leeds Community Foundation
Page 5

The BG Campbell Trust Fund
Independent Auditorfs Report to the Trustee of the BG Campbell Trust Fund
For the year ended 31 March 2022
Independent auditor's report to the trustee of The BG Campbell Trust Fund
Opinion
We have audited the financial Statements of The BG Campbell Trust Fund for the year ended 31 March 2022
which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes
to the financial statements, including a Summary of significant accounting policie5. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards. including Financial Reporting Standard 102. the Financial Reporting Starbdard applicable in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accourbting Practicel.
In our opinion the financial statements=
give a true and fair view of the state of the charity's affairs Bs at 31 March 2022 and of its incoming
resources and application of resources for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in accordance with the requirements of the Charities Art 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applieable
law. Our responsibilities under those standards are further described in the Audito¢s responsibilitie5 for the audit
of the financial statemenls section of our report. We are independentof ihe charity in accordance with the ethical
requirement5 that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethic31
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustee's use of the going concern basis of
accounting in the prepar3tion of the financial statement5 is appropriate.
Based on the work we have performed, we have not identifietl any matèrial uncertairbties relating to events or
conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a
going concern for a period of at least twelve months from when the financial statements 3re authorised for issue.
Our responsibilities and thè responsibilities of the trustee with respect to going concern are described in the
relevant sections of this report.
Page 6

The BG Campbell Trust Fund
Independent Auditorf5 Report to the Trustee of the BG Campbell Trust Fund
For the year ended 31 March 2022
Other information
The trustee is responsible for the other information. The other information comprises the information included
in the annual report, other than the financial statements and our auditorfs report thereon. Our opinion on the
financial statements doe5 not cover the other information an(J, @xcept to the extent otherwise explicitly stated
in our report, we do not express any form of assurance conclusion thereon.
Our Tesponsibility 15 to read the Dther information and, in doing so. consider whether the other information is
malerially inconsistent with the financial statements or our knowledge obtained in the course of the audit or
otherwise appears to be materially mi55t3ted. If we identify such rnaterial inconsistencies or 3PP3rent material
misstatements, we are required to delermine whether this gives rise to a material misstatement in the financial
statements themselves. If, based on the work we have performed. we conclude that there is a material
tn1551atement of this other information- we are reouired to report that fart.
We have nothing to report in thi5 regard_
Matter5 on which we are required to report by excepiion
We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts and
Reports) Regulations 2008 require u5 to report to you if. in our opinion=
the information given in the Trustee's Annual Report is inconsistent in any material respect with the
financial statements.. or
the charity has not kept sufficient accounting records,. or
the financial statements are not in agreement with the accounting records and returns,. or
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Trustee Responsibilities Statemènt set out on page 4, the trustee is responsible for
the preparation of the financial slatements and for being satisfied ihat they give a true and fair view, and for such
internal control as the trustee determines is necessary to enable the preparation of financi31 statements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial statements. the trustee is responsible for assessing the charitls ability to continue as
a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of
accounting unle55 the trustee either intends to liquidate the chaflty or to cease operations, or have no realistic
altemative but to do so.
Page 7

The BG Campbell Trust Fund
Independent Auditor's Report to the Trustee of the BG Campbell Trust Fund
For the year ended 31 March 2022
Auditors. responsibilities for the audit of the financial statements
We have been appDinted as auditors under the Charities Act 2011 and report in accordance with re8ulation5
made under that Act.
Our objective5 are to obtain rea50n3ble assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error. and to issue an auditor5. report that includes our
opinion. Reasonable assurènce is a high level of assurance. but is noi a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements c3n arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basi5 of these financial statements.
Irregularities. including fraud, are instances of non-compliance with laws and regulation5. We design procedure5
in line with our responsibilities. outlined above. to detect material mi55tatements in respect of irregularities,
including fraud. The specific procedures for this engagement and the extent to which these are capable of
detecting irregularities, intluding fraud are detailed below.
Identifying and assessing risks related to irregularities:
We assessed the susceptibility of the Iharity'5 financial slatements to material misstatement and how fraud
mi8ht occur. including through discussions with the trustee. disiussions within our audit team planning meeting,
updaling our record of internal controls and ensuring these contro15 operated as intended. We evaluated possible
incentive5 and opportunities for fraudulent manipulation of the financial statements. We identified laws and
regulations that are of significance in the context of the charity by discussions with the trultee and updating our
understanding of the sector in which the charity operates.
Laws and regulations of direct significance in the context of the charity include the Charities Act 2011, the
Charities IAccounts ond Reports) Regulations 2008 and guidan¢e issued by the Charity Commission for England
and Wales.
Audit response to risks identified=
We considered the extent of compliance with these laws and regulations as part of our audit procedureg on the
related financial statement items incluijing a review of finantial statement disclosures. We reviewed the charity's
records of breaches of laws and regulations, minutes of meetings and correspondence wilh relevant authorities
to identify potential material misstatements arising. We discussed the charitvs policies and procedures for
compliance with laws and regulations with members of management responsible for compliance.
During the planning meeting with the audit team. the engagement partner drew attention to the key areas which
might involve non-compliance with laws and regulations or fraud. We enquired of marbagement whether they
were aware of any instances of non-compliance with laws and regulations or knowledge of any actual, suspected
or alleged fraLJd. We addressed the risk of fraud through management override of controls by testinE the
ppropriateness of journal entries and identifying any significant transactions ihat were unusual or outside the
normal course of b￿siness. We assessed whether judgements made in making accounting estimales Eave rise to
a possible indication of management bias. At the completion stage of the audit, the engagement partner's review
included ensuring that the team had approached their work with appropriate professional skepticism and thus
the capacity to identify non-compliance with laws and regulations and fraud.
There are inherent limitation5 in ihe audit procedures described above and the further removed non-compliance
with laws and regulations is from the events and transactions reflected in the financial statements, Ihe less likely
Page 8

The BG Campbell Trust Fund
Independent Auditorfs Report to the Trustee of the BG Campbell Trust Fund
For the year ended 31 March 2022
we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than
the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example,
forgery or intentional misrepresentations. or through collusior).
A further description of our responsibilities is available on the Financial Reporting Council's web51te at:
www.frc.org.uklauditorsrespon5ibilities. This description forms part of our auditorfs report.
Use of our report
This report is maée solely to the charity's trustee, as a body. in accordance with Part 4 of the Charities (Accotjnts
and Reports) Regulations 2008. Our audit work has been undertaken so ihat we might state to the trustee those
matters we are rèquired to state to them in an audito¢s report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the charity and the trustee as
a body, for OLAr audit work, for this ieporl, or for the opinion5 we have fomied.
LLe
Saffery Chatnpne55 LLP
Chartered Accountants
Statutory Auditors
Mitre House
North Park Road
H3rrogate
North Yorkshire
HG15RX
Date: 25 Octo￿[ 2022
Saffery Champness LLP is eligible to act as an auditor in terms of section 1212 of the Companie5 Act 2006
Page 9

The BG Campbell Trust Fund
Statement of Financial Activities (incorporating statutory income & expenditure account)
For the year ended 31 March 2022
Unrestrlcted Endowment
Funds
Funds
Total
Funds
2022
£'ooo
Total
Funds
2021
£'ooo
Notes
£'ooo
Income and endowmentsfrom:
Inve5tmentS
557
557
532
Total
557
557
532
Expenditure on:
Charitable activities
Other
629
21
629
21
619
23
Total
650
650
642
Net 8airbS on investments
906
906
3,767
Net lexpenditurel/income
(93)
906
813
3.657
Net movement in funds
(931
906
813
3,657
Recontiliation of funds:
Total funds brought forward
908
20,213
21,121
17,464
Total funds carried forward
815
21,119
21.934
21,121
All activities related to continuirb8 operations.
All gains and losses recognised in the year are included above.
Page 10

The BG Campbell Trust Fund
Balance Sheet
As at 31 March 2022
Notes
2022
£'ooo
2021
£'ooo
£'ooo
£'ooo
Fixed assets
Investments
21,595
20.721
Currènt assets
Debtors
Cash at bank and in hand
63
290
415
353
415
Liabilities:
Creditors-. amounts falling due
within one year
1141
1151
Net current assets
339
400
Net a55ets
21,934
21.121
Funds
Expèndable Endowment Funds
Unrestricted funds
21.119
815
20,213
908
Total funds
21.934
21,121
Approved Liy the Trustee on 21 September 2022 and signed on its behalf by=
Nicholas Lane Fox
On beh31f of Leeds Community Foundation
The riotes on pages 13-19 form part of these accounis.
Page 11

The BG Campbell Trust Fund
Statement of Cash Flows and Net Debt Analysis
For the year ended 31 March 2022
2022
2021
É'ooo
Cash flows from operating activities:
Net income for the financial year
Adjustments for..
Dividends and interest from investments
Galns on investments
IDecreasel/lncrease in creditors
Increase in debtors
813
3,657
15571
19061
15321
13.7671
1631
Net cash used in operating aLtivities
17141
1636)
Cash flows from inverting activitie5:
Dividends and interest from investments
589
51)0
Net cash provided by investing activities
589
500
Change in cash and cash equivalents in ihe year
11251
1136}
Cash and cash equivalents at the beginning of year
415
551
Cash and cash equivalents at the end of year
290
415
Net Debt Analysis
At l April
2021
£'ooo
Cash flows At 31 March
2022
£'ooo
£'ooo
Cash
415
112SI
290
415
11251
290
Total
Page 12

The BG Campbell Trust Fund
Note5 to the Financial Statements
For the year ended 31 March 2022
Accounting policies
Basi5 01 Preparation
The financial Statements have been prepared under the historical cost convention and in accordance with
Statement of recommended Prdctrce 'Accounting and Reporting by Charities, (issued in December 20191 and
applicable United Kingdom accounting standards including FRS102 The Financi31 Reporting Standard applicable
in the UK and Reptjblic of Ireland.
The accounting policies remain unchanged from the prior year and are set out below.
Going concern
The financial statements have been prepared on a going concern basis. The major risk for the Trust is seen as
the impact on the value of our investrnentS and the income generated from those investments. Accordingly,
the charity has revised downwards the forecasted return. both in terms of income and total return, on the
investment portfolios held. These revisions have been incorporated into the actuarial review recently
completed and into current year and future financial forecasts. The Trustee has satisfied Itself that the Trust
fund has significant investments and cash assets. which are sufficient to cover the payments to be made to
beneficiaries for the foreseeable future.
Accordingly, they continue to adopt the going concern basis in the preparation of the financial statements and
annual report.
Income
Investments - Investment income and interest are brought into account when receivable.
Expenditure
All expenditure is accounted for on an atcruals basis. No costs need to be apportioned to activities as all costs
carb be directly attributed to specific activities.
Charit3ble activities - Beneficiary payments and grants to charitable organi5ations are included in the period in
which payment Is made or constructive obligation is created.
Other- Governance costs comprise all costs involving the public accountability of the charity and its compliance
with regulation and good prattice. These costs include costs related to statutory audit and legal fees.
Administrative expenses are charged to the Trust by Leeds Community Foundation on the basis of time spent for
services provided. The Trust is not exempt from Value Added Tax and irrecoverable Value Added Tax is included
ift the cost of those item5 to which it relates.
Investments
Investments are included at closing mid-market value at the balance sheet date. Any gain/llossl on revaluation
is takern io the Statement of Financial Activities. Management fees paid to investment managers are reflected in
the unit price of the investments.
Unrestricted funds
These comprise income and capital funds which the Trustee is free to use in actOlLfance with charitable objects.
Page 13

The BG Campbell Trust Fund
Notes to the Financial Statements
For the year ended 31 March 2022
l Accounting policies Icontinuedl
Expendable endowment
The expendable endowment fund represents the investments held by the Trust. Income arising on the
endowmernt fund can be used in accordance with the objects ol the charity and is included as unrestricted income.
The Charity Commission has approved 3 Trustees. resolution to expend capital. This resolution had
legal effect from 16 April 2(KJ9. Any capiial gains and losses arising on investments form part of thè expendable
endowment fund.
2 Investments
2022
2021
£'ooo
Dividends- equities
557
532
3 Expenditure on Charitable activities
2022
2021
£'ooo
Grants to beneficiaries
435
422
435
422
Grants to Charitable organisations=
Inspired Neighbourhoods
Contributions tD programmes through Leeds
Community Foundation..
Bradford Children and Young People's Youth
Fund
Bradford Healihy Holidays
Power to Change.. Keighley Community Health
Grants
50
50
33
33
25
iii
89
194
197
629
619
Page 14

The BG Campbell Trust Fund
Notes to the Financial Statements
For the year ended 31 March 2022
4 Other
2022
2021
£'ooo
Trust adminislration costs
15
17
Auditor's remuneration
21
23
The Trust had no employees in either thi5 or the previous year. Leeds Community Foundation Trustees have not
charged any expenses in relation to the governance of th@ Trust.
Trusl administration costs include Leeds Community Foundation costs in administering The 8G Campbell Trust
Fund, costs for accountancy soltware and lor an investment monitoring report12021 only).
5 Fixed asset5: Investments
2022
2021
É'ooo
16,922
532
3,767
15001
Carrying value of investments brought forward
Investment income
Gain on investment valuation
Less.. investment income transferred to cash
20,721
557
906
15891
Carrying value at 31 March
21.595
20,721
Analy515 of investments..
2022
£.￿0
4.491
10,833
1,660
827
2.645
1,139
2021
£'ooo
5.096
10,014
2.332
353
1,666
1,260
UK equities
Overseas equities
Fixed interest
Property
Alternative
Cash
21,595
20,721
Page 15

The BG Campbell Trust Fund
Notes to the Financial Statements
For the year ended 31 March 2022
6 Debtors
2022
2021
£'ooo
£'ooo
Accrued income
63
7 Creditors: amounts falling due within one year
2022
2021
£'ooo
£'ooo
Accruals
Sundry Creditors
Trust admirhistration costs
14
15
Trust administratron costs relate lo Leeds Community Foundation costs in administerin8 The BG Campbell Trust
Fund.
Page 16

The BG Campbell Trust Fund
Notes to the Financial Statements
For the year ended 31 March 2022
8 Analysis of net assels between funds
Current Year
Unre5trirted
Funds
Endowment
Funds
Year Ended Year Ended
31 March
31 March
2022
2021
£'ooo
20,721
415
1151
£'ooo
476
£'(KJO
21,119
Fixed assets
Current assets
Current liabilities
21,595
353
1141
353
1141
Nel Assets
815
21,119
21,934
21,121
Prlor Year
Unrestrirted
Funds
Year Ended Year Ended
31 Marth
31 March
2021
2020
Endowment
Funds
£'o(
508
£'ooo
20,213
£'ooo
16.922
551
19
Fixed assets
Currènt assets
Curtent liabilities
20,721
415
1151
415
1151
Net Assets
908
20.213
21.121
17.464
Page 17

The BG Campbell Trust Fund
Notes to the Financial Statements
For the year ended 31 March 2022
9 Movement in funds
Current year
At l April
2021
Income Expenditure
Gainsl
Ilosses)
At31
March
2022
£'wo
£'ooo
£'ooo
Income fund5
Unrestricted funds
908
557
16501
815
Capital funcls
Endowment fund5
20.213
906
21,119
Prior year
At l April
2020
Income Expenditure
Galnsl
{lossesl
At31
March
2021
£'ooo
£'ooo
£'ooo
£'ooo
É'ooo
Income funds
Unrestricted funds
1.018
532
16421
908
Capital funds
Endowment funds
16,446
3.767
20.213
10 Related party transactions
The financial statements ané activities of The BG Campbell Trust Fund have not been consolidated within the
financial statements of Leeds Communily Foundation. who are the Corporate Trustee, due to the differing
objectives of the two charilies.
During the year an amount of £14,000 12021.. £16.1)001 was payable to Leed5 Community Foundation for the
administration of the Trust, of which £8,00012021= £9,000) was owed by The 8G Campbell Trust Fund to Leeds
Community Foundation as at 31 March 2022.
During the year an amounl of £144.00012021: £147,000) was made in contributions to the Bradford children and
Young People's Youth Fund Power to ChanEe-. Keighley Community Health Grants through Leeds Community
Foundation.
Page 18

The BG Campbell Trust Fund
Notes to the Financial Statements
For the year ended 31 March 2022
11 Comparative Statement of Financial Activilies (incorporating statutory income & expenditure
atcountl for the year ended 31 March 2021
Unrestricted Endowment
Funds
Funds
Total
Funds
2021
Note5
E'OOO
£'ooo
Income and endowments from:
Investments
532
532
Total
532
532
Expenditure on-
Charitable activities
Other
619
23
619
23
Total
642
642
Net gains on investments
3,767
3,767
Net expenditure
(iio)
3.767
3.657
Net movement in funds
(iio)
3.767
3.657
Reconciliation of funds:
Total funds brought forward
1,018
16.446
17.464
Total funds carried forward
908
20.213
21.121
Page 19