Signed copy Charlty number: 264856 THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST CONTENTS Page Referencg and Administrative Details of the Charity, its Twslees and Advlse Trnstees. Report Independent Examinerfs Report Statement of Financial Activities Balan¢e Sheet Notes to the Financial Statements 8-19
THE BRrrisH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARiff. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2023 Trustees F J Phillips MPLevy Charlty registered number 264856 Prlnclpal offlce 21 John Street London WC1N 2BF Accountants Milton Avis LLP House 120 Baker Street London W1U6TU Page 1
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2023 The TnJstees present their annual rewxt together wth the financial statements of the The Brrtish Ants'que Dealers, Association Cuhural & Educakn"onal Trust for the year ended 30 June 21f23. Objectlves and actlvltles a. Pollcies and objecttveg The chanty was fonned under a trust deed dated 5 Ortober 1972 for the advancemerst and promotion for the publ benefit of the history and design of ants'ques and other works of art and to advance public education in, and devek)pmenl of, the skills and technKiues required in restollng and conserving antiques and other works of art. The charity is organised so that the Trus$ meet reguLqrly to manage rts affairs. There are part time administrators wtho manage the day to day administrab.on of the charity and assist in organising fund raising actsvities. A¢hVeMentS and perforniance a. Revlew of actlvltleg During the peric*J under review a total of £36,31% (2022.. £31,714) was raised wrth the main income being derived from subscriptions of £10,95512022. £11.8611 and event income of £12.94812022'. £8,088). Direct expendiiure on charitable activrtie$ during the perir>J amounted lo £38,883 {2022.' £35,903). At the year end the chanty's investments were valued at £267.005 and total fvnds were £279,877 {2022'. £286,635). The trust continues to be in a heahhy financial position. b. Fundraising activtlies and incorne gonoration The charity eams income from sub5cripb.ons and organising events wlh the aim of raising funds for the charity. It also receives income from investments managed by a fimi of fund managers. c. Development, a¢tivittes #nd achievgments The trustees Conser that the rforrnance of the charity over the year lo be satisfactory. Subscription levels fdl but the income from lecture and Tours show&J an increase compared the previous year. This together with the charity's investment income meant that the annual scholarship to a West Dean College Slujent could LE increased this year to conb'nue the W•Drk of antique preseNation. Flnancial revlew . Golng concem After making appropriate enquiries, the Trustees have a reasonable expectats'on Ihal the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial staternenls. Further details regarding the adoption of the going cOnM basis can be found in the accounting polrE$. Page 2
THE BRITISH ANTIQUE DEALERS. ASSOCIATIOM CULTURAL & EDUCATIONAL TRUST TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 30 JUNE 2023 b. Resenies policy 11 is the policy of the charity to maintain unrestricted funds, are free resetves of the charity at a level whic equates to approximately six months unrestricted expendilure. This provides sufficient funds to cover management and administration and support costs and lo resFX)nd to emergency applications for grants which arise from lime lo lime. Unrestricted funds were maintained at least at this level throughout the peri. t. Materlal investments pollcy The charity invests its Surplus funds in quoted shares aThJ fixed interest securities and this portfolio is managed by Brewin Dolphin. The Trustees review the Investrnent perforniance on a regular basis. Structure, governance and management a. Constltullon The Charity is constituted under a trust dated 5 0ctotrr 1972. and is a regi%terd charity, number 264856. b. Methods of appDintmenl or electlon of Trustees The management of the Charity 1$ the reswnsl'Ity of the Truslees 0 are eld and co-opted under the terms of the Trust deed. . Organisational structure and decislon4naking policies All of the Trustees named on the fronkn'$piece seNed throughout the year unless otherwi stated. The Board has power to apF)Oint additional Trustees as ti considers fft to do so. d. Policies adopted for the induction and trainlng of Trustees New Trustees undergo an orientation day lo brief them on their legal obligations under charity law, the contents of the trust deed, the committee and decision making processes. the business plan and recent financial performance of the charity. During the induction day they meet key employees and other Trustees. Trustees are encour8ged to attend approprtate exlemal training events where these wll facilitate the undertaking of theif role. e. Flnanclal rlsk management The Trustees have assessed the major risks to whth the CharFty is exposed. in PacUlar those related lo the operations and finances of the Charity. and are satisfie(l that systems and pr(Kedures are in place to miligale exposure to the major risks. Plan$ for future periods The trust will continue to further its charilable objectNes by provKling grants to yrthY causes. Page 3
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2023 Statement of Trnstees. responslbllltles The Trustees are responsible for preparing the Trustees. Rep[ and the financial statements in accordance with applicable law and United lfjngdom Accounung Standards (United Kingdom Generally Accepted Accounting Practre). The law apFlicable to charities in England 8 Wath requires the Trustees to prepare financial statements for each financial which give a true and fair vbew of the state of affairs of the Charity and of its incoming resources and applicab'on of resour5. including its income and expenditure, for that period. In preparing these financial ststemenls. the Trustees are requiied to" select surtable accounting policies and then apFAy them consistenty, observe the methods and principles of the charib.es SORP IFRS 102)". make judgments and accounting esb"mates that are reasonable and pAentr. state whether applicable UK Accounb"ng Standards {FRS 102) have been followed. subject to any material departures disclosed and explained in the financial ststements.. prepare the financial statements on the going cx)ncem basis unless it is inappropnate to presume that the Charity will continue in busines$. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose reasona accuracy al any lime the financial position of the Charity and enable them to ensure that the financial statements comply wlh the Charities Act 2011. the Charity (Accounts and ReFK>rtsl Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approve rder of the memters of the toard of Trustees and sKJned on their behalf by: Trustee: Date." 8 November 2024 Page 4
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2023 Independent Examlnetrs Report to the Trustees of The British Antique Dealers. Assoclatlon Culturdl & Educational Trust (Yhe Chariw) I report lo the charity Trustees on my examInan of the aUnIS of the Charity for the year ended 30 June 2023. Responsibilities and Basis of Report As the Trustees ol the Charity you are responsible for the preparation of the accounts in accordan with the requirernents of the Charities Acl 2011 Ilhe 2011 Acri. I report in respect of my examination of the Charitys a¢Ints eanied out under section 145 of the 2011 Act and in carrying out my examination I have foll0vd the applicab Directions given by the Charity Commission under section 145151(bl ol the 2011 Act. Independgllt Examingrfs Statement Your attention is drawn lo the fact Ihal the Charity has prepared the a(th¥Jnis in accordance with Accounting and Reporting by Charities.. Statement of Recommended PraCte apFl¢8b1e to charities preparing their accounts in accordance with the Financial Resy)rting Standard applicable in Ihe UK and Republi¢ of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charibes.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations t1 has been wthdrawn. l understand that this has been done in order for the accnts lo prowde a true and fair view in accordance with the Generalty Accepted Accounts'ng Practi effective for reFKM1ing periods beginning on or after 1 January 2015. I have completed my examination. I confimi Ihal no mallefs have come to my attention in connection with the examination giving me Cause to believe that in any material respecl.. accounting records were not kept in respect of the Chanty a$ required by SeCtn 130 of the 2011 Act,. or the accounts do not accord those records.. or the accounts do not comply wlh the applicable requirnents conceming the fomi and content of accounts set out in the Charities {Accounts and ReF)Orts} Regulations 2008 other than any requirement that the accounts gNe a 'true and fairf view which is not a matter considered a$ part of an independent examination. I have no concerns and have come across no other matters in connecb.on wth the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely lo the Chantys Tnjstees, as a trxxly. in accordance bwth Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I Mh1 state to the Charitys Trustees those matters l am required to state to them in an IndeFendent Examinevs Report and for no other purpose. To the fullest extent permrtled by law. I do not accept or assume responsibility to anyone other than the Chanty and the Charity's Trustees as a t#)dy. for my work or for this reporL Siqned.. Stephen Sampson Dated.. 8 November 2024 Mllton Avis LLP Pitt House 120 Baker Street London W1U6TU Page 5
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023 Restricted Unrestrleted funds funds 2023 2023 Totsl funds 2023 Total funds 2022 Incomg from: Charitable activf(ies 4.017 32289 36,306 31,714 Total income 4,017 32289 36,306 31,714 Expenditure on: Charitable acbvrties 6.01)0 32,883 38.883 35,903 Totsl expenditure 6,000 32,883 38,883 35,903 Net expenditure before net gainslllossesl on investments Net gainslllossesl on investments (1.9831 192 (594) (4,373) 12,5771 14,1811 (4, 189) (24, 795) Net movement in funds (1.7911 14,967) 16.7581 (28,984) Reconciliation of tunds: Total funds brought forward Net movement in funds 134.564 152,071 14,967) 286.635 16,7581 315,619 (28,984) Total funds carried forward 132.773 147.104 279.877 286,635 The Statement of Financial Activities indudes all gains and losses recojnised in the year. The notes on pages 8 to 19 fom part of these financial statements. Page 6
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL a EDUCATIONAL TRUST BALANCE SHEET AS AT 30 JUNE 2023 2023 2022 Note Fixed assets Investments 267,OOS 274,630 267.005 274,630 Current assets Debtors.. amounts falling due wlhin one year Cash at bank and in han(J 55 42,779 40,961 42,951 42,834 Creditors.. amounts falling due wthin one year 10 {30,079) (30.829) Net current assets 12,872 12.005 Total assets less eurrent Ilabilities 279,877 286,635 Net assets excluding pension asset 279.877 286.635 Total net asgets 279.877 286.635 Charltyfunts Restricted funds Unreslricled funds 132,773 147,104 134,564 152,071 T¢tal fndS 279.877 286.635 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Trustee: F Lov Oate.. 8 Novernter 2024 The notes on pages 8 to 19 fom part of these financial statements. Page 7
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Ggneral infonnation The Chatity is forned under a Trust Deed dated on 5th Octotw 1972 and its principal place of operations is 21 John Street London. WC1N 2BF. Aecountlng pollcles 2.1 Basis of preparation of financial statements The financial statements have b*n prepared in accor(lance with the Charities SORP {FRS 102) - Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordanee wth the Financial Rew)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2015), the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102) and the Charities Act 2011. The financial statements have teen prepared to gNe a 'true an(J fai eW and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the exlenl required lo provide a 'lrue and fairf v¢ew. This departure has involved folk)wing the chanb.es SORP IFRS 102} published on 16 July 2014 rather than the Accounting and Reporting by Chanties.. Statement of Recommended practi effective from 1 April 2005 which has since teen withdrawn. The British Antique Dealers. Asswiation Cullural & Educalional Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initialty recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 2.2 Income Al income is recognised once the Charity has entitlement to the income. il is probable that the income will be received and the amount of income receivable can I measured reliably. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of eeonomic benefits wll be required in Settlement and the amount of the obligation can be measured reliabty- Expendi(ure is classified by activity. The costs of each actwity are made up of the total of ijirect costs and shared costs. including support costs involved in undertaking each acb'vity. Direct costs attributable to a single activity are allocated directly to that activity. Shared eosts which contribute lo more than one activity and support Costs which a not attributable to a single aclivity are apporb.oned belween those activities on a basis consislenl with the use of resources. Central staff cosis are alk)cated on the basis of lime spent, and depreciation charges allctated on the portion of the assefs use. Expenditure on charilatAe activibes is incurred on directy undertakin9 the activitr.es which further the Chanty's objectives, as well as any as)CIated suppK)rt costs. Al extendtlure is indUVe of irrecoverable VAT. Page 8
THE BRITISH APfflQUE DEALERS. ASSOCIATION CULTURAL a EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Accountlng policies (continued) 2A Inveslments Fixed asset investments are a form of financial instrument and are inilialty recognised at their transaction cost and subsequenuy measured at fair value at the Balance Sheet date, unless the value cannot be measured reliabty in which case it is measured al cost less impairment. Investment gains and losses, whether realised or unrealised. afe combined and presented as 'GainsllLossesl on investments, in the Statement of Financial Activities. 2.5 Debtors Trade and other debtor5 are re¢ognised ai the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any traye discounts due. 2.6 Cash at bank and in hand Cash at bank and in hand indudes cash arKI short-term high liquid investments vith a short maturity of three months or less from the date of aquisitn or onIng of the deposit or similar account. 2.7 Liabilltles and provisSons Liabilities are recognised vthen there is an obligation at the Balance Sheet dale as a result of a past event, it is probable that a transfer of econom benefit wll te required in seWemen( and the amount of the 5etdement can be esb'mated reliably. Liabilities are recognised al the amount that the Charity anticipates il will pay to settle the debt or the amount it has received as advanced payments for the goods or SeiceS it musl provide. Provisions are measured at the best eslimate of the amounts required to setue the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts. discounted al the pr&tax discount rate that retlects the risks SFecific to the liability. The unwinding of the dcOUnt is reccKJnised in the Statement of Financial Activities as a finance cost. 2.8 Flnancial instwments The Chanty onty has financial assets and financial IHbilities of a kind that qualify as basic financial instruments. Basic financial instruments are initialty recognised at transaction value and SLTrbsequently measured at their setdemenl value with the exceplion of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.9 Fund accounting General funds are unrestricted fvnds vthich are available for use al the discretion of the Tfustees in furtheran of the general objectwes of the Charity and which have not been designated for other purposes. Restricted funds are fvnds are to be used in 8xordance wilh speryfic restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are chaiged against the specific fund. The aim and use of each restricted fund is sel out in the notes to the financial statsments. Page 9
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Income from Charitsblg kntivities Restrfcted Unrestricted funds funds 2023 2023 Total funds 2023 Total funds 2022 C&E Trust Dwidends Annual Subscription Sundry Donations 4.017 3.571 150 7.588 150 7.134 300 578 578 998 C&E Trust - Total Income BADA Friends Annual Subscripkn'on Sundry Donakn"ons Diwdends 4.017 4.299 8.316 8,432 10,805 1.035 1,199 1.935 12.948 10.805 1,035 1,199 1,935 12.948 68 11,561 565 1. 139 1,897 8,088 32 Income Tax Lectures and Tours Bank Interest Totsl 2023 4.017 32.289 36.306 31,T14 Page 10
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Dlrect and governance costs Restricted Unrestricted funds funds 2023 2023 Totsl funds 2023 Total funds 2022 C&E Trust West Oean Student Scholarship Harold Davis Prize to Student Geoffrey Moss Prize Independent Examination BADA Art Prize 6,000 400 5,OL 4Lk) 400 400 400 2,640 1.000 400 2,640 1,000 2,880 2,000 6,000 10,440 10.680 BADA Frignd$ Salaries Postage. printing and stationary Advertising and PR Travel Event Expenses Bank Charges Sundry Expenses Charitable Donations 18,277 1,384 463 18,277 1,384 463 224 7,394 115 17.905 2,188 946 223 3.824 64 73 224 7,394 115 500 51x1 Total 2023 6.OCKI 32.883 38.883 35,903 Tot812022 30.903 35,903 Independert examine9 remuneralion In 2023 the accounts were subject to an independent review fee due to the independent reviewers. Page 11
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Staff costs 2023 2022 Wages and salaries 18,276 17,905 18,276 17,905 The average number of persons employed ty the Charity during the year was as follows.. 2023 No. Employees No employee received remuneration amounting to mcKe than £60,000 in either year. Trustees. remuneration and expenses During the year. no Trustees recerved any remuneration or other benefrts (2022- £NILJ. During the year ended 30 June 2023, no Trustee expenses have been incurred {2022- £NIL). Fixed asset Investments Trade Investments Cost or valuation At 30 June 2023 267,005 Net book Value At 30 June 2023 267,005 At 30 June 2022 274.630 Valuation The Market Values of Investments have been delemiined from the reptyt of the Fund Managers. Page 12
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Flxed asset investments - contlnued 2023 2022 Investments Narrow Range lianz UK & Eur- Str*egic Bond Bio Phamia Credit Colhesler Multi-str Global Fil Inv svc GAM Star Fnd Credrt GCP Infrastructure Ord GBPO.01 Insight Inv Discrfy UK Gov iShares111 PIC Markit Iboxx GBP Corp tnd Ex Janus HendersorsFd Mgmt Fxd Int Jupiter UT MNGRS Bond Man Fxd IntGLG Ccwp Mulli Units Luxemb UK Govt Bd Twentyfour Income Ord GBPO.01 Vanguard INV SER US Gov Bond Wide Rango Abertorth Smaller Companies Twst Artemi5 INV FDS IC Artemis US Apax Global Apha Ord NPV Baillie Gifford OSEAS BG Japanese Baillie Gifford American W1 BB Healthcare Trust Blackrock Con Eurp Inc Fnd Blackrock FM Ltd Blackrock ISHS En¥ & Lo Carb BNY Mellon US Eqty Inc CF Miton UK Mulli Cap Cordiant Digital 1 ord C SHS NPV Threadneedle Inves UK Equity Fidelty UCITS ICA First Sentier Invr Stewart HG Capital Trust PLC Hicl Infrastructure Co Ltd Hipgnosis Songs Impax Enviro Mkls Inl Publie Partner Ord GBPO.0001 Ishare Physul M ISHS Ishares Core FTSE100 UCITS ETF 3,958 1,780 2,142 2,079 2.169 4.548 3.318 3,048 2. 778 5,142 4,209 2,156 2,114 6.060 3,351 2.338 3,965 4,403 2, T71 1.864 2, T61 2.339 3,012 2,933 2,884 2,886 1.928 6,002 6,321 1,949 5.221 6.820 2,344 4,T18 13,182 5.132 1,925 14.250 5,330 2,779 2,583 2,366 2,000 2, 733 2,322 1,720 2,050 2,173 2,353 5.727 Page 13
THE BRrrisH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 8. Fixed asset Investments - contlnued Ishares Msci Wld Energy Seclor ETF Euro Ois JP Morgan GBL Ernerg Ord G8PO.01 JP Morgan Fund ICVC JPM US EQ INC C2 JP Morgan Euro IT Income Shares JP Morgan Global Macro Opps'c" Net Jupiter JPN INC FD Franklin Templeton F Clrbgd LF Gresham House UK Mulb" Cap Income Fund Marlb)rough FD MGR UK Micro Cap Growlh Mayfair Capital In Prop Inc Trust For Chartbe M&G Investment Man Charifvnd Inc Mercantile Investment Ord GBPO.25 Middlefield Can IT Red Ptg Prfshs GBP NPV MSIM Fund Milon Trust Milon Income Instl Inc Perpetual Growth Neuberger BER INV US Ninety One FD Mgrs UK Eqty North American Income Ord GBPO.25 Ninety one FD MGRS Pantheon Intem'l PLC Personal Assets TR ORD Pictel Asset Mgmt Robotics Hiscox Ins P'folio R Inc NA Princess Private Eq Ord EurO.001 Residential Secure Ord GBPO.01 Schroder Inv Fund Co Euroan Recovery Schroder Oriental Ord Schroder Asian Ill Fnd Inc Syncona Ltd Ord NPV The renewables Vanguard Fund$ PLC Tritax JOAN EYLES Fund COIF Charities Investment Fund 2,032 2,858 7.604 2,801 7. 718 4.051 2,217 4,690 2,385 2.220 4,299 2.674 6.626 4,931 10,099 5,364 4. 720 2,676 9,963 4.085 2.163 1,875 4.530 2,318 2,490 10.080 4,110 2,354 5,029 2,566 2,981 2,754 2.097 2.427 3.308 7,810 3.011 3,364 1,886 2. 769 4,916 2,171 3,927 6.388 5,366 1.727 1,986 10,941 2,342 7. 758 2,169 68.099 66,032 267.OOS 274,630 Debtors Page 14
THE BRITISH APrnQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Debtors {continued) 2023 2022 Due within one year Oiher debtors 1,990 Page 15
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL a EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 10. Creditows: Amounts fallin9 due within one year 2023 2022 Other creditors Accruals and deferred income 24,799 5,280 25,549 5,280 30,079 30.829 Page 16
THE 8RrrisH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 11. Statement of funds ststement of funds- current year Balance at 30 June 2023 Balance at 1 Juty 2022 Galnsl (Losses) Income Expenditure Unrestricted Funds Unrestricted Funds Investment Reserves 80,255 71.816 32,289 (32,883) 79,661 67,443 14,3731 152,071 32.289 132,883 14,3731 147.104 Rqstrictod funds Restricted Investment Fund 134,564 4.017 (6,000) 192 132.773 Total of funds 286.635 36,306 138.883) 14,1811 279,877 Page 17
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 11. Statement of funds (continued stalemont of funds - prior year Balance 81 30 June 2022 Ba18nce at l July 2021 Gains/ (Loss8s) Incon7e Expenditu Unrestricted funds Unreslllcted Funds Investment Reserves 83,288 86.619 27.870 (30,903) 80,255 77,816 (14.803) 169.907 27,870 (30,903) (14,803) 152,071 Restricted Funds Reslrict&J Investment Fund 145,712 3.844 (5,OOOJ (9,992) 134.564 Totsl of funds 315.619 31,714 (35.903) (24, 795) 286, 635 12. Analysis of net assets between funds Analysis of net assets between funds- current year Restricted Unrestrlcted funds funds 2023 2023 Total funds 2023 Trade investments Current assets Creditors due within one year 127.770 5.003 139,235 37.948 {30.0791 267,005 42,951 {30,0791 Total 132.773 147,104 279,877 Page 18
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THE BRITISH ANTIQUE DEALERS' ASSOCIATION CULTURAL & EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023
12. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Trade investments Current assets Creditors due within one year Restricted funds 2022 £ 128,612 5,952 134,564 |
Unrestricted funds 2022 £ 146,018 36,882 (30,829) 152,071 Ttal funds 2022 £ 274,630 42,834 (30,829) 286,635 |
|---|---|
Total
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