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¢h￿VeMentS 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 Cons￿er 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
cOn￿M 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 0ctotr￿r 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 el*d and co-opted under the
terms of the Trust deed.
. Organisational structure and decislon4naking policies
All of the Trustees named on the fronkn'$piece seNed throughout the year unless otherwi* stated. The Board has
power to apF)Oint additional Trustees as ti considers fft to do so.
d. Policies adopted for the induction and trainlng of Trustees
New Trustees undergo an orientation day lo brief them on their legal obligations under charity law, the contents
of the trust deed, the committee and decision making processes. the business plan and recent financial
performance of the charity. During the induction day they meet key employees and other Trustees. Trustees are
encour8ged to attend approprtate exlemal training events where these wll facilitate the undertaking of theif role.
e. Flnanclal rlsk management
The Trustees have assessed the major risks to whth the CharFty is exposed. in Pa￿cUlar those related lo the
operations and finances of the Charity. and are satisfie(l that systems and pr(Kedures are in place to miligale
exposure to the major risks.
Plan$ for future periods
The trust will continue to further its charilable objectNes by provKling grants to y￿rthY 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 resour￿5. 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 pA￿entr.
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 examIna￿n of the a￿UnIS 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 foll0v￿d 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 PraCt￿e apF￿l¢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 t￿1 has been wthdrawn.
l understand that this has been done in order for the acc￿nts 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 SeCt￿n 130 of the 2011 Act,. or
the accounts do not accord those records.. or
the accounts do not comply wlh the applicable requi￿rnents 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 M￿h1 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 f￿ndS
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 indU￿Ve 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 aquisit￿n or o￿nIng 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 Se￿iceS 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 d￿cOUnt 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 examine￿9 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 t￿nd 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 Euro￿an 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

ft' I ' 

## **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<br>Current assets<br>Creditors due within one year<br> <br>_Restricted_<br>_funds_<br>_2022_<br>**£**<br>_128,612_<br>_5,952_<br>_134,564_|_Unrestricted_<br>_funds_<br>_2022_<br>£<br>_146,018_<br>_36,882_<br>_(30,829)_<br>_152,071_<br>_Ttal_<br>_funds_<br>_2022_<br>£<br>_274,630_<br>_42,834_<br>_(30,829)_<br>_286,635_|
|---|---|



## **Total** 

Page 19