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2021-06-30-accounts

Page
Reference and Administrative
Details ofthe Charity, its Trustees and Advisers
Trustees'
Report		 2-4
Independent
Examiner's		 Report
Statement
of Financial		 Activities
Balance Sheet
Notes to the Financial Statements 8-18

Restricted Unrestricted Total Total
funds funds funds funds
Note 2021
6		 2021 2021
6		 2020f
Income from:
Charitable
activities		 3,847 25,896 29,743 34,535
Total income 3,847 25,896 29,743 34,535
Expenditure
on:
Charitable
activities		 and Government
Costs 25,282 25,282 33,598
Total expenditure 25,282 25,282 33,698
Net Income before net gains/(losses)
on Investments		 3,847 614 4,461 837
Net gains/(losses) on investments 20,399 26,376 46,775 (12,215)
Net income/(expenditure) 24,246 26,990 51,236 (11,378)
Transfers
between		 funds (18,966) 18,966
Net movement
In		 funds 5,280 45,956 51,236 (11,378)
Reconciliation
of		 funds:
Total funds brought forward 140,432 123,951 264,383 275,751
Net movement
in funds		 5,280 45,956 51,236 (11,378)
Total funds carried forward 145,712 169,907 315,619 264,383
Note 2021 2020f
Fixed assets
Investments 305,259 257,928
305,259 257,928
Current assets
Debtors: amounts falling due within one year 9 4,007 2,228
Cash at bank and in hand 30,883 28,986
34,890 31,214
Creditors: amounts falling due within one
year (24,530) (24,759)
Net current assets 10,360 6,455
Total assets less current liabilities 315,619 264,383
Net assets excluding pension asset 315,619 264,383
Total net assets 315,619 264,383
Charity funds
Restricted funds 145,712 140,432
Unrestricted
funds		 169,907 123,951
Total funds 315,619 264,383

Restricted Unrestricted Total Total
funds funds funds funds
2021 2021 2021 2020
6
C&ETrust
Dividends 3,847 3,382 7,229 7,644
Annual
Subscription		 350 350 350
Sundry Donations 41 41 149
Bank Interest 20
Sundry Income 78O
C&ETrust - Total Income 3,847 3,773 7,620 8,943
BADA Friends
Annual
Subscription		 12,375 12,375 12,520
Sundry Donations 640 640 784
Dividends 1,171 1,171 1,236
Income Tax 1,779 1,779 1,833
Lectures and Tours 6,158 6,158 9,219
Total 2021 3,847 25,896 29,743 34,535

Unrestricted Total Total
funds funds funds
2021f 2021 2020f
C&ETrust
West Dean Student Scholarship 6,000
Harold Davis Prize to Student 300 300 300
Geoffrey Moss Prize 300 300 300
Audit and Accountancy 2,400 2,400 2,420
3,000 3,000 9,020
BADA Friends
Salaries 17,886 17,886 16,277
Postage,
printing		 and stationary 1,255 1,255 1,198
Advertising
and PR		 475 475 366
Travel 60
Event Expenses 2,061 2,061 3,517
Bank Charges 48 48 34
Sundry Expenses 57 57 206
Charitable
Donations		 500 500 1,000
25,282 25,282 33,698

6. Staff costs
2021f 2020f
Wages and salaries 17,886 18,277
17,886 I8,277
The average number of persons employed by the Charity during the year was as follows:
2021
No.
Employees
No employee received remuneration amounting to more than f60,000 in either year.

Trade
Investmentsf
Cost or valuation
At 1 July 2020 257,927
At 30 June 2021 305,259
Net book value
At 30June 2021 305,259
At 30June 2020 257,927
Valuation
The Market Values of Investments have been determined from the report ofthe Fund Managers.

Fixed asset Investment s
-continued
2021 2020f
Investments
Narrow Range
GCP Infrastructure
Ord		 GBP0.01 3,036 3,356
iShares
III Pic Markit Iboxx GBP Corp bond Ex		 3,362 3,407
NB Global Floating Red C SHS NPV GBP 2,182 2,461
Real Est Credit
IN Ord		 1,500
Fil inv svc 5,449 5,391
Bio Pharma
Credit		 1,608 1,817
Twentyfour
Income Ord		 GBP0.01 3,583 3,351
Volta Finance
Ltd		 2,659
Wide Range
Aberforth
Smaller Companies
Trust		 5,738 3,465
Apax Global Alpha Ord NPV 2,078 1,503
Artemis
FO MNGRS Income Inst. Inc		 12,401
Axa Framlington
Global		 Technology
inc		 4,565 3,367
Bacit (Syncona)
Ltd		 3,266
Baillie Gifford US Ord GBP0.01 2,990 4,558
BNY Mellon FM-Newton Global Inc Inst Inc 2,940
Baillie Gifford American W1 5,305
BBHealthcare
Trust		 3,968 3,240
Blackrock FM Ltd 8,188 5,894
CF Miton UK Multi Cap 7,759 5,953
Charities
Property Fund		 4,237
Coupland
Cardiff		 3,329 3,954
Cordiant
Digital
1 ord CSHS NPV		 2,430
Findlay Park - American Smaller Co's 11,759 9,556
Fidelity UCITS
ICA		 12,520
First State Inv Stewart Inv Asia Paci Ldrs 3,391
Hicl Infrastructure
Co Ltd		 2,487 2,592
First Sentier Invr Stewart 5,496
Hipgnosis
Songs		 2,620 2,500
Impax Enviro Mkts 2,378 3,150
Int Public Partner
Ord GBP0.0001		 2,589 2,604
JP Morgan GBLEmerg Ord GBP0,01 3,375 2,503
JP Morgan Euro IT Income Shares 4,666 3,510
Legg Mason GBL RD Royce US Small Cap 7,007 6,172
Jupiter UT MNGRS Bond 4,675
Legg Mason 2,238 2,198
Majedie Asset Mgt UK Income XInc Nav 4,240

NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30JUNE 2021
8.Fixed asset investments -continued
Marlborough
FD MGR		 UK Micro Cap Growth 9,101 5,594
Mayfair Capital
In Prop		 Inc Trust For Charitie 2,197 2,209
M&G Investment
Man		 Charifund Inc 10,416 8,703
Mercantile
Investment		 Ord GBP0.25 7,740 5,682
Middlefield
Can IT Red		 Ptg Prf Shs GBP NPV 4,420 3,260
Miton Trust Miton Income Instl Inc 10,113 8,909
MSIM Fund 3,839 3,152
North American
Income Ord GBP0.25		 7,700 6,518
Ninety one FD MGRS 3,350
Pantheon
int'I Participations		 Ord GBP0.67 3,888
Perpetual
Growth		 4,277 3,721
Pictet Asset Mgmt Robotics 2,390 1,807
Hiscox Ins P'folio R inc NAV) 2,817 2,500
Princess Private Eq Ord Eur0.001 6,644 5,181
Residential
Secure Ord GBP0.01		 2,290 1,918
Schroder Oriental
Ord		 6,800
Threadneedle
Inves UK Equity		 4,905
Utilico Em Mkt Ltd Ord GBP0.01 3,375 2,670
Sequoia Economics 623
The renewables 2,214 2,187
Vanguard
Funds PLc		 7,661 5,187
Vanguard
INV SER US Gov Bond		 2,622
Tritax 3,327 2,458
JOAN EYLESFund
COIF Charities
Investment		 Fund 69,679 60,585
305,259 257,928
Debtors
2021 2020
6
Due within one year
Other debtors 4,007 2,228

2021 2020f
Other creditors 19,730 22,359
Accruals and deferred income 4,800 2,400
24,530 24,759

Balance at
Balance at 1 Transfers Gains/ 30June
July 2020 Income Expenditure in/out (Losses) 2021
6 K F. 6 6 E
Unrestricted
Funds
Unrestricted
Funds 82,674 25,896 (25,282) 83,288
Investment
Reserves 41,277 18,966 26,376 86,619
123,951 25,896 (25,282) 18,966 26,376 169,907
Restricted
funds
Restricted
Investment Fund 140,432 3,847 (18,966) 20,399 145,712
Total offunds 264,383 29,743 (25,282) 46,775 315,619

Statement of funds - prior year
Balance at
Balance at Gainer' 30June
1 Ju/y 2019f Income
f		 Expenditure f (Losses)f 2020
Unrestricted funds
Unrestricted Funds 81,837 30,570 (29,733) 82,674
Investment Reserves 54r077 (12,800) 41,277
135,914 30,570 (29,733) (12,800) 123,951
Restricted Funds
Restricted Investment
Reserves 139,847 3,955 (3,965) 585 140,432
Total offunds 275,761 34,535 (33,698) (12,215) 264,383

Summary offun ds - current year
Balance at
Balance at 1 Transfers Gains/ 30June
July 2020
6		 Income
f		 Expenditure f In/out
F		 (Losses)f 2021f
Unrestricted
funds 123,951 25,896 (25,282) 16,966 26,376 169,907
Restricted funds 140,432 3,847 (18,966) 20,399 145,712
264,383 29,743 (25,282) 46,775 315,619

Summary offunds - prior year
Balance at
Balance at Gainer 30June
1July 2019f Income
f		 Expenditure
f		 (Losses) 2020
Unrestricted funds 135,914 30,570 (29,733) (12,800) 123,951
Restricted funds 139,847 3,965 (3,965) 585 140,432
275,761 34,535 (33,698) (12,215) 264,383

Analysis of net assets between
Analysis of net assets between		 funds
funds		 -current year
Restricted Unrestricted Total
funds funds funds
2021
F		 2021
F		 2021f
Trade investments 140,353 164,906 305,259
Current assets 5,359 29,531 34,890
Creditors due within one year (24,530) (24,530)
Total 145,712 169,907 315,619
Analysis of net assets between funds - prior year
Restricted Unrestricted Total
funds funds funds
2020
f		 2020
f		 2020f
Trade investments 123,365 134,563 257,928
Current assets 17,067 14,147 31,214
Creditors due within one year (24,759) (24,759)
140,432 123,951 264,383