Signed copy Charfty number: 264856 THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
THE BRITISH ANTIQUE DEALERS. ASSOCIAnoN CULTURAL & EDUCATIONAL TRUST CONTENTS Page Reference and Administratlve Details of the Charity. its Trustees and Adviser5 Trustees. Report Independent Examinerfs Report Statement of Flnancial Activities 8alan¢e Sheet Notes to the Financlal Statoments 8-18
THE BRITISH APfflQUE DEALERS. ASSOCIATK)N CULTURAL & EDUCATIONAL TRUST REFERENCE AND ADMINISTRATIVE OETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2024 Trust88S F J Phillips P Levy Charity registered number Principal ¢ffice 21 John Street London WC1N 2BF Accountants Mihon Aws LLP Pitt House 120 Baker Street London W1U6TU Page 1
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 The Trustees present their annual report together with the financial stalemenls of the The Bri(ish Antique Dealers. Association Cultucal & Educational Tfust for the year ended 30 June 2024. Objectlves and activities Pollcles and 0.ectiveS The charity was fomied under a trust deed dated 5 Octobw 1972 for the advanment and promotion for the public benefit of Ihe history and design of antiques and other works of art and lo adwdnce public education in, and development of. the skills and techniques required in restoring and conseNTha antiques and other works of art. The ch8rity is organised so that the Trustees meet regularly lo manage its affairs. There are two part time administrators who manage the day tr> day adminislralion of the charity and assist in organising fund raising activitEs. Achievements and perforn)ance a. Review of activities During the peri(#Y under revivN a tota of £37.170 12023.. t36.) was raised with the main income being derived from subptIOnS of £11.30512023: £10.955) and evenl incom of £12.14712023: £12.9481. Direct expenditure on charilable aCtNIt during the period arnounled to £41,35512023.. £38,883). At the year end the chanws investments were valued at £297.102 and total funds were £297,817 12023.. £279,87n. The trusl continues to be in a heaf(ty financtal positK)n. b. Fundraising activitles and income generatlon The charity eams income from svbscriptrons and organising events with the aim of raising funds for the charity. It also recewes income from investments managed by a fimi of fund managers. c. Developmen(4ctlvlties and achievements The trustees conswjer thai Ihe performance of the Charity Drthe aT to be salisfaclory. subscriptm levels rose. but lecture and lour5 income showed a de¢aSe compared wilh the previous year. These. together wth the chariws investment income. meant Ihat the annual scholarship to a West Dean College student could be funded, thus continuing the vital wotk of training the antNJue restorers of the future Flnanclal review a. Golng concem After making appropriate enquiries, the Trustees have a reasonable eXFCtatn that the Charity has adequate resources to continLte in operational existen for the foreseeable ftrture. For this reason. they continue lo adopt the going eoncem basis in preparing the financial statements. Further delaiis regarding the adoption of the goin9 concern basis can be fwnd in the accounting policies. Page 2
THE BRMSH ANnouE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 b. Re5erv&s policy It is the pdiey of the Charity to maintain unrestricted fvnds. which are free reserves of the charity at a level which equaes to approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and lo respond lo emergency applications for grants which arise from lime lo time. Unrestrictefj fullds were maintained al least at this level throughout the period. c. Material irhvesthients policy The chanty invests rts surplus funds in quoted shares and fix Inte$t securities and this portfolio is managed by Brewin Dolphin. The Tfuslees review Ihe Investment performance on a regular basis. Structure. governance and management a. Constitution The Charity is constrtuted under a twst ded 5 October 1972. arKI is a registerd charity. number 264856. b. Methods of appolntment or electlon of Trustees The management of the Charity is the responsibility of the Trustees who are elected arnl c¢x)pted under the lemis of the Trust deed. c. OryanisaOnal strv¢ture and decision4naking poli¢les All of the Trustees named on the ftontispiece Seed throughout the year unless olherwse sted. The Board has pwler to appoint ad¢Jitional Trustees as it considers fft to do so. d. Policies adopted for the Induction and training of Trustees New Trustees undergo an orientation day lo brief them on their legal obligations urfdép charrty law. the contents ol the trust deed, the committee and decisi(yn making prctesses. the business plan and re1 financial perfomance of the charity. During the induction day they meet key empkjyees and other Trustees. Trustees are encouraged to attend appiopriate extemal training events where these wll f8cilitate the undertaking of their role. e. Financlal risk management The Trustees have assessed the maior risks to lch the Charity is exposed. in particular those related lo the operations and finances of the Charity. arKI are salisfied th* sjtslems and prfKedures are in place to mitigate exposure lo the major risks. Plans forfuture perlods The trust will conliwe lo fvrther ils charitable oty"ectives by providing grants to worthy causes. Page 3
THE BRITISH ANTIQUE DEALERS. ASSOCIATM)N CULTURAL & EDUCATIONAL TRUST TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 Stal&ment of Trustees. responsibilltles The Trustees are responsible for preparing the Tru51ees' Report and the finala1 slalemenls in accordance with applicable L7w and United Kingdom Accouniing Standards (United Kingd General Accepted Accounting PTactice). The law 8pplicable lo chafities in England & WaS requires the Trustees to prepare financial statements for each financial which gNe a true and fair view of the of affaiis of Ihe Charity and ol ils incoming resources and application of resources. including rts income and expenditure. for that period. In preparing these financial slaternenls. the Trustees are required lo.. select suitable accounting policies and then appty them Consistent, observe the methods and principles of the Chariiies SORP IFRS 102)., make judgments and accounting estimates that are reasonable and prudent." state whether applicable UK Auntij Standards IFRS 102) have been folk)wed, subject lo any material departure5 disclosed and eyplained in the financial statements". prepare the financial statements on the going txjncem ba515 unless it is inappr(yriae lo presume that the Chartty will continue in business. The Trusts are resporisible for keeping 8(lequate Xenting record5 that are sulficienl lo show and explain the CharWs tr8nsaclions and dI10$e %Mth reasonab accuracy al any tune the financial position of Ihe Charity and enable them to ensure that the financial ststements comply the Charities Act 2011, the Charity (Accounts and Reports) Regulations 28 and the pwsions of the Trust deed. They are also responsible for safeguarding the assets of the Chartty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved b order of the members of the boar(l of Tfustees and signed on their behalf by.. MJli Yi P Lo Dale." 29 Odober 2025 Page 4
THE 8RITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2024 Independent Examinees Report to the Trustees of The Brillsh Antique Dealets, Asso¢iatlon Cultural & Educational Trust {Ihe Charity'l I report lo the charty Tnjstees on my examination of tyjnts of the Charity lor the year ended 30 June 2024. Responsibilities and Basis of Rgport As the Trustees of the Chanty you a responsible for the preparalion of the 0fits accordance with the requirements of the Charrties Ad 2011 (Ihe 2011 Ad). I report in respeel of my examination of the Charitls accounts Caled out undef Section 145 of the 2011 Act and in carrwng out my examinion I have followed the applicable Directions givell by the Charity Commission under section 14515)Ibl of Ihe 2011 Act. Independent Examinerfs Statement Your attention is drawn lo the fact that the Charity has prepare11 the accounts in accordance wth Accounting and Reporting by Charities.. Stslemenl of Recommended Practice appluble lo chanties preparing their accounts in accordance with the Financial Reporting Standard applicab in the UK arKI Republic of Ireland IFRS 1021 in preferen to the Accounting and Reportln9 by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulatk)ns but has been withdrawn. l understand that Ihis has been done in order for the accounts to provide a Iwue and fair view in xcordance with the Generally Accepted Accounting Praclice effective for iep(Kting pericxls beginning on or after 1 January 2015. I have cornpleled my examination. I confirm that no matters have ¢ce to my attention in ¢onneclion wf(h the examination giving me cause lo believe that in any material resp1.. accounting reeords were not kept in respe(a of the Charity as required by s&tion 130 of the 2011 Act.. or the accounts do not &cord with those records.. or the &counts do not compty the apFdicable reqUiren5 conceming the fomi and content of accounts sel out in the Charities (Accounls and ReFOrtsl Regulations 2008 other than any fequiremenl that the accounts give a 'lrue and fairf view 1$ not a matter ccffisidered a$ part of an independent examination. I have no concems have come across no olher matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper urKlerstanding of the accounts lo be reached. This report is made sdety lo the Charitys Trustees. as a LX. in accordants with Part 4 of the Charities (Accounts and Reports> Regulations 2CK)8. My work has been undertaken so that I might stale lo the Challly's Trustees those matters l am required lo state to them in an Inijependent Examine¢s Report and for no other purF)ose. To the fullest extent pemiitted by law. I do not accept or assume SkKInslb1lty lo anyone other than the Charity and the Chantys Trust5 as a bcKly. for my work or for this rep)rL Signed.. Stephen Sampson Milton Avls LLP Pitt House 120 Baker Street London W1U 6TU Daw: 29 October 2025 Page 5
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Tolal funds 2023 Notg Income from: Charitsble a¢tiMtE$ 3,841 33,329 37,170 36.306 Total income 3.841 33.329 37.170 36,306 Expenditure on.. Charitable activities 4.550 36.80S 41.355 38,883 Total expenditur8 4.550 36,805 41.355 38,883 Net expendrture before net gainsl{lossesl on investments Net gainsl(lossesl on investments (7091 10,527 13,476) 11.598 {4,1851 22,125 (2,5T7) (4. 181) Net movement in funds 9.818 8,122 17,940 (6,758) R4conciliation of funds- Total funds brought forward Net movement in funds 132.773 9,818 147.104 8.122 279,877 17,940 286,635 (6. 758) Totsl funds carried forward 142.591 155.226 297,817 279,877 The Statement of Financial Actmiies includes all gains and k)sses rwnised in the year. The notes on pages 8 to 18 form part of these ffinanck41 statements. Pa9e 6
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST BALANCE SHEET AS AT 30JUNE 2024 2024 2023 Note Fixed assots Investments 297.102 267,005 297.102 267,CQ5 Current assets Debtors.. amounts falling due wilhin one Cash at bank and in hand 1.990 40,961 35.424 35.479 42.951 Currenl Irabilities Credtlors.. falling due within fme year 10 {34,764) (30.079) Net Current assets 715 12.872 lotal assets less curr8nt liabilities 297,817 279,8T7 Net assets excluding pen$lon asset 297,817 279.8T7 Total net assets 297.817 279,877 Charity funds Restricted funds UnStrthd fijnds 11 142.591 155,226 132, 773 147. 104 Totsl funds 297.817 279,877 The financial statements were appioved arKI aulMrised issue by the Trustees and signed on their behalf by.. Trustee: L4Y Date". 29 Oct(l)er 2025 The notes on pages 8 to 18 form part ofthese finartial statements. Page 7
THE BRITISH ANTIQUE DEALERS. ASSOCIAnoN CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 General infonnation The Chariiy is fomied under a Trust Deed ded on 5th October 1972 and ils principal place of operations is 21 John Str London. WC1N 2BF. A¢counting pollcles 2.1 Basis of preparntlon of financlal statements The financial slalements have been prepared in 8c£ordance wrth the Charities SORP IFRS 1021- Accounting and Reporting by Charities-. Ststement of Recommended Pfactice applicable lo charities preparing Iheir accounts in rdance with the Financial Reports'ng Standard aPpIable in the UK and Republic of Ireland (FRS 1021 (effective l January 2015}, the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 and the Charities Act 2011. The financial statements been prepared to gNe a Irue and fail and have departed from Ihe Charities (Accounts and Reports) Regulions 2008 to the extent required to provide a 'true and fairf view. This departure has invofved fdlowng the Charrties SORP IFRS 102) published on 16 July 2014 rather than the AccountiThJ and Reporting by cha[rts.. Statement of Recommended Practice effective from 1 April 2005 whh has since bn wthdrawn. The British Antique Dealers, Association Cumural & EducalK)nal Trust meets the definftion of a public benefrt entity under FRS 102. Assets and Ikqbilities are initially recosnised at historical cost or transaction value unless olhelwise slated in the relevant accounting policy. 2.2 Income All in¢orne is recognised once the Charity has entitlement to the income, it 18 probable that the income wll be received and the amount of income receivable can be measured reliably. 2.3 Expenditure Expenditure is recognised once there is a legal or constructive oblKJalion to transfer economic benefft lo a third party, it is probable that a transfer of econornic benefits will be required in selllement and the amount of the obligation can be measured lIablY. Expendi(ure is classified by activity. The costs of each adivity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Dired costs attributsble to a single actiwty are a110¢8ted directly lo that adiviiy. Shared costs whth contribute to more than one aclivrty and support eosls which are not attributable to a single activty are appOrtned between those activities on a basis con51Stenl with Ihe use of resource$. Central stsff costs are allc**&J on the basis of time spent. and depreciation charges alkncat on the portion of the asset's us Expenditure on charitable adNthes is incurred on direclty undertaking the acaivilies wlich further the Chartys objectives. as well as any associated support Costs. All eypeTrJf(ure is indusive of irrecoverable VAT. Page 8
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting policies Icontinuedl 2.4 Investments Fixed asset investments are a fomi of financial instrument arKI are Initial r03n1Sed at their transaction cost and subsequently measured at fair value al the Balance Sheet dale. unles5 the value cannot be measured reliably in which case rt ts rnea5ured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined aiKI presented as 'Gainsl{Lossesl on investments. in the Slalement of Financial Activitses. 2.5 Debto Twle and other debtors are recognised at the settlement am(nI after any trade dismunl offered. Prepayments are valued al the amount pwaKI net of any trade discounls due. 26 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highty liqu investments wlh a short maturty of three monlhs from the date of wuisil#)n or opening of the deposit or similar account. 2.7 Liabilities and provisions Liabilities are recognised when there is an Obliga¢ at Ihe Balance Sh1 dale as a sU11 of a past event. (( is probable that a transfer of econom benefft wll be reyuired in settlement. and the amount of the settlement can be estsmed reliabty. Liabilities are re3niSed at the amount that the Charity anticipates it TrMII pay to settle the debt or the amount r( has weived as advanced payrynenls for the goods or serwces il musl promde. Provisions are measured at Ihe best estimate of the aMnIS required to $8ttle the obligation. Where the effect of the time value of money is material, the promsion is based on the presenl value of those amounts, di$nIed * the pre-tax discount rate that reflects Ihe risks specrfic lo the liability. The unwindin9 of the discount is recognised in the Statement of Financial Activities as a finance cost. 2.8 Flnancial instruments The Charity On has financial assets arKI financi41 Ik8bilities of a kind that qualify as basie financial inslrumenls. Basic financial instruments are inrtialty rnISed * transaction value and subsequently measured at their settlement value wth the exception of bank k)ans which are svbsequenlly measured at amc¥lised cost Lbsing the eff&tive interest meth¢)d. 2.9 Fund accounting General ftjnds are Unrestrted funds which are available for use at the discretion of the Trustees in furtherance of thfr genetal cbjectives of the Chlty and which have not been desi9nated for other purposes. Reslrided funds are funds 1¢h are to be us&J in xcordance specffic reslrictions imposed by donors or whh have been raised by the Charity for particular pUose5. The costs of raising and administering such funds are charged against the specific fvnd. The airn and use of each restricted fund is set crt in the noles to the financial statements. Page 9
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Income from Charitable Activities Restrlcted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 C&E Trust DkvKJends Annual SUbriptIon Sundry Donations & Lega 3.841 3.251 150 7.092 150 3.024 150 3,024 578 C&E Trust- Total Income BADA Friends Annual Subscription Sundry Donations Dvwjends 3,841 6.425 10.266 8.316 11.155 752 1.092 1.678 12.147 80 11.155 752 1,092 1,678 12,147 10,805 1.035 1. 199 1.935 12,948 68 Iorne Tax LerAures and Tours Bank Interest Total 2024 3.841 33,329 37.170 36.306 Page 10
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCAMONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2024 Direct and governance costs Restricted Unrestrlcted funds funds 2024 2024 Total funds 2024 Tolal funds 2023 C&E Trnsl West Oean Student Schdarship Harold Davis Prize lo Sludenl Geofftey Moss PrEe Independent Examination BADA Art Prize 1.450 6.000 400 400 2.640 4CKI 2,640 1.000 2,640 1.000 4,550 5.890 10.440 10.440 8ADA Friends Salaries Poslaje, printing and stationary Advertising and PR Travel Event Expenses Bank Charges Sundry Expenses Charitable Donati¢)n5 19.477 1.558 448 24 19.477 1,558 18,277 1,384 463 224 T,394 115 24 8,728 130 8,728 130 86 SC Total 2024 4.550 36.805 41.355 38,883 Total 2023 32.883 38,883 Independent examinerf$ remunerati( In 2024 the accounts were subj&t to an indepeThlenl wew fee due to the independent reviewers. Page11
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Staff costs 2024 2023 Wages and salaries 19.477 18.278 19.477 18,276 The average nUMr ol perscS employed by Charity during the year was as folk5.. 2024 Employees No employee receiv*J remurberation amounting to more than £60.Tr)O in erther ar. Trustees. remuneratlon and expenses During the year, no Trustees received any remuneration or other bellefits (2023- £NIL). During the year ended 30 June 2024. no Trustee expenses have been incurred {2023- £NILJ. Fixed asset investments Trade Inv8$tments Cost or valuation At 30 June 2024 297,102 Net book value AI 30 June 2024 297,102 AI 30jU 2023 267,005 Valuation The maet Values of Investments have been delemiined from the repLyt ofthe Fund Managers. Page 12
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Flxed asset Investments- continued 2024 2023 Investments Narrow Range Alianz UK & Eur- Strat3 Borbd Cohesler Mumi-str Glthl Fil Inv 5VC GAM Star Fnd Credit Insight Inv Discrfy UK Gov iShares111 PLC UCITS ETF GBP Janus HendetsonF(J Mgml Fxd Int Jupiter UT MNGRS Bond Man Fxd Int GLG Corp Muf(i Units Luxemb UK Govt Bd UK Govt Bds 20314% UK Go)rt Bds 2036 4.25% UK Gov 8ds 2040 4.2511A Vanguard IW SER US Gov Bond Wide Range Artemis INV FDS IC Artemis US Baillie Gfftird OSEAS BG Japanese Baillie Grftord American W1 BB Heatthcare Twst Blackrock Con Eurp Inc Fnd Blackrock ISHS Env & Lo Ca BNY Mdlon US Eqty In Brcwi Adv Fnds US Sust Cordkn7nt Digrtal 1 ord C SHS NPV Evenload Inwne Fund C Dis Felty UCITS ICA First Sentier Invr Stewart GQG Global Units US Equty Fund HG Caprtal Trust PLC Hipgnosis Songs Impax Enviro Mkts Int Public Partner Ord GBPO.0001 Invesco Eq Nasdaq 100 UCITS Ishare Physral M ISHS Ishares Core FTSE11)O UCITS EfF Ishares M1 Wd Energy Sector EfF Euro Dis JP l¥%)rgan GBL Emerg Ord GBPO.01 2.686 4.088 2,188 2.382 3.958 2, 142 2.OT9 2, 169 3,048 2.182 5,269 4,265 2,533 5, 142 4,209 2. 156 2.t14 3,299 3,664 3.173 3.186 3.965 2,933 2,884 2,886 1.928 6,002 1.949 &221 3.482 1.774 6,381 1.967 10.251 5,899 1.721 6.580 19,905 5,833 7,025 2,134 1,925 14,250 5.330 2. 779 1. 720 2.0&) 2.173 1.940 7.689 2.865 6.192 2.313 2,353 5.727 2,032 2.858 Page 13
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 8. Fixed asset Investments- continued JP Morgan Fund ICVC JPM US EQ INC C2 JP Morgan Global Macro Opps'E" Net Jupiler JPN INC FD Franklin Templeton F Clrbgd LF Gresham House UK Mulb. Cap Inccrfne Fund Man UK lCVCan Inc Mayfair Capital In Prop Inc Trust For Charitie M&G 5nvestmenl Man Charifund Inc M&G Investment Man Japan Sterling Mercantile Investment Ord GBPO.25 Middlefield Can IT Red Pig Prf Shs GBP NPV MSIM Fund Milon Trust Mrton Income Insu Inc Perpetual Growth Neuberger BER INV US Ninety One FD Mgrs UK Eqty North American Inctxne Ord CBPO.25 Ninety one FD MGRS Pantheon Intem'l PLC Personal Assets TR ORD Pet Asset Mgmt Robotics Hiscox Ins Pyolio R Inc NAV) Sdircxler Inv Fund Co European Recovery Sd)rc%ler Asian In Fnd Ine Syncona Ltd Ord NPV Ternplelon Emerging Mkls The newable5 Vanguard Funds PLC Tritsx JOAN EYLES Fund COIF Charrties Investment Fund 7.117 7,604 2,217 4.690 2,385 2,220 2,270 2.443 7.873 1.7S2 1,875 7,448 4,663 5,429 4.530 2,318 2,490 10,080 4,110 2,354 5,029 2,566 2,981 2. 754 2,097 2,42T 3,308 3,927 5.366 1, 727 2,603 4,208 2.531 9.240 2.982 3.305 2,233 2.640 4.114 5.874 2.381 2.118 10,312 1,853 1,986 10.941 1.494 73,655 68,099 297.102 267,005 Debtors 2024 2023 Due within one year Other debtors 1,990 Page 14
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 30 JUNE 2024 10. Creditors: Amounts falling due withln one year 2024 2023 Other creditors Acwals arKI deferred income 29,484 5,280 24, 799 5,280 34,764 30.079 Page 15
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 11. SL*ernent ol funds Statement of funds- Current year Balance at 30 June 2024 Balance at 1 July 2023 Gainsl (Losses) Inwne Expenditure Unrestrlcted Funds Unrestricted Funds Investment Reserves 79.661 33.329 136,8051 76,185 79,041 11.598 147.104 33.329 136.805) 11.598 155.226 Restrlcted funds Reslri¢ied Investment FurKI 132.m 3,841 14,550) 10.527 142,591 Totsl of funds 279.877 37,170 141.3551 22.125 297,817 Page 16
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINAMCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 11. Statement of fvnds Icontinuedl Statement of fun(ts - prlor year Balance al 30 June 2023 Balan al l July 2022 GaAnsl (Losses) Im)me Expenditu Unrestricted funds Unrestricted Funds Investment ReseNes ,255 71,816 32.289 (32.883) 79.661 67,443 (4,373) 152.071 32.289 (32,883) (4.373) 147. 104 Restrlcted Fund$ Restricted Investment FuThJ 134.564 4.017 (6,CWJ 192 132, 773 Total of funds 286,635 36.306 (38,883) {4, 181) 279.877 12. Analysis of net assets between funds Analysis of net assets between lunds- current year Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Trade investments Current assets Creditors due within one year 140,689 1.902 156,413 33,577 (34,764} 297.102 35,479 134.7841 Total 142,591 155.226 297,817 Page17
THE BRITISH ANTIQUE DEALERS. ASSOCIATION CULTURAL & EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Analysis of net assets betW8en funds (contlnuedl Anatysis of net assets between funds- prior year Restricted Unrestricted fvnds lunds 2023 2023 Totgl funds 2023 Trade investments Cufrent assets Creditors due within one ar 127, 770 139,235 37,948 {30,079J 267.005 42,951 {30,079J Total 132, 773 147, 104 279,8T7 Page 18