| Academic Awards | Academic Awards | Academic Awards | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sarah Claydon | continues to provide extensive |
and patient assistance | to | the Academic | |||||||
| Awards Committee. | jointly led by Carrie de Silva | and Kate irving. | |||||||||
| The date ofthe | acceptance ofScholarship applications is early |
March. | The applications | ||||||||
| are reviewed |
by | two/three academics to assign |
subject specialist |
assessors. The |
|||||||
| management | of this stage continues to be demanding | as assessors are not always willing | |||||||||
| or available. | and | further subject specialists need to |
be sourced. | Following | specialist | ||||||
| assessment, an | extended shortlist isreviewed bya |
small | team. A | maximum | of 18are called | ||||||
| to interview over two days which will take place | at Head Office in Battersea Park | Road on | |||||||||
| 19'h-20'" July 2022. | |||||||||||
| Table 1.The BFWGAcademic Award winners for | 2021 | ||||||||||
| Winner, Insfftuffon, Discipffne |
Tiffe | Name ofAward | Value | ||||||||
| Susanna Freer | Teraherlz Evanescent Field |
Margaret K BDay |
|||||||||
| Birmingham | Imaging and Sensing for | ||||||||||
| Physics | Biological Applications | ||||||||||
| Anya Perse | The Moralising World on aSheet: |
Helen Rosenau | |||||||||
| Oxford | The Invention, Rise, and |
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| Art A Design | Dissemination ofthe Venetian |
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| Moralising Print in the second |
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| half ofthe Sixteenth Century | |||||||||||
| Ance Rujan | Israel's Unwanted: The |
Johnslone | B,Florence | Stoney | |||||||
| UCL | Experiences and Mutual | ||||||||||
| Area Sturtes | Interactions of Ethiopian Jews |
||||||||||
| and African Asylum Seekers in | |||||||||||
| Contemporary Israel |
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| Sofya Anisimova | Russian Military Strategy and |
the | JBarbara Northend | ||||||||
| StAndrews | Entente in the First World War, |
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| History | 1914-17 | ||||||||||
| Jennifer McDerra | Finding Gladys Lindo: The | Caroline Spurgeon | |||||||||
| UEA | Problem with Pioneering Women |
||||||||||
| En lish |
|||||||||||
| Marlbel Schonewolff | Studying Ubiquitin Regulation |
of | Ida Smedley MacLean | E1,000 | |||||||
| Oxford | Inflammatory Signalling using |
an | |||||||||
| Biological Sciences | integrated structural |
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| biochemical, and biophysical |
|||||||||||
| a roach |
|||||||||||
| Niamh McNamara | Investigating the role of |
Winifred Culffs |
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| Edinburgh | microglia in central nervous |
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| Biological Sciences | system white matter health and | ||||||||||
| injury | |||||||||||
| Emily Hull | Irving Kristol: Cold War Liberal |
CaroffneCoignou | |||||||||
| UCL | and Conservative | ||||||||||
| Histo |
| RUSTEES' REPOR | T FORTHEYEARENDING 3 | 1stDECE | MBER2 |
|---|---|---|---|
| Eoe Melvin | The impact ofhuman | Kathleen | Hall |
| Bangor | disturbance on the African red |
||
| Biological Sciences | colobus monkeys: a multi-scale | ||
| and multi-species approach |
|||
| Amy Beddows | Women's Experience of Victim | Beanor | Rathbone |
| London Metropolitan | Blame from Agencies | ||
| Sociolo |
| 2021 | 2021 | 2021 | 2020 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Restricted | Expendable | Restricted | Expendable | ||||||
| Funds | Endowment | Funds | Endowmeat | Total | |||||
| Note | nf | ||||||||
| 2 | 360 | 360 | 5,966 | ||||||
| 2 | 3,949 | 3,949 | |||||||
| 3 | 28,453 | 28,453 | 27+55 | 27+55 | |||||
| Total income | 28,813 | 37,470 | 37,470 | ||||||
| 4 | stt,177 | 40,177 | 57,431 | 57,431 | |||||
| Tonal expendinue | 40,177 | 57,431 | 57,431 | ||||||
| Net income / (expenditute) | before net | ||||||||
| gains / (tosses) on investmenm | (11,364) | %364) | (19,961) | (19,961) | |||||
| Net gains / 0osses) | on investments | 43,150 | 43,150 | 42,645 | 42,645 | ||||
| Net income / (expenditure) | forthe | ||||||||
| year | (ll+64) | 43,150 | 31,786 | (19,961) | 42,645 | 22,684 | |||
| Transfers betwem | funds | 5,956 | (5,956) | (11714) | 11314 | ||||
| Net income / (expenditure) | before | ||||||||
| other aecognised gains and | losses | (5,408) | 37,194 | 31,786 | (31,175) | 53,859 | 22,684 | ||
| Net movement in |
funds | (5,408) | 37,194 | 31,786 | (31,175) | 53,859 | 22,684 | ||
| ReconctTtation offunds: | |||||||||
| Total funds bmught | forward | 46,633 | 847,034 | 893,667 | 77,808 | 793,175 | 870,983 | ||
| Total funds canied fotwmd | 41+25 | 884ittg | 925,453 | 46,633 | 847,034 | 893,667 |
| Fo | rthe yeat ended 31December 2021 | |||||
|---|---|---|---|---|---|---|
| 1 | Acoounnng pohcies (conrinued) |
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| g) | ExpenrHtme and irrecoverable VAT Expemfiture is uxoguised once theta is a legal or~obligation to make a paymeut iu |
a | third party, | it is pmbsble that |
||
| settlement will be reqmmd aod the amount ofthe obligation can be measured reliably. Expeuihture scrisdty~ |
is | dassified | under the following | |||
| Coax ofuusing funds comprise of trscfiug mats and the costs iu«mxed by the cbsrity in inducing third pames to make volunuuy conmbutions to it, as wefi as the costofauy actividcs with a fundrsising purpose. Expenditore on cbaritable activities indudes the costs ofdefivering services,~to further the pntposes ofthe charity |
||||||
| aud their associated support costs. | ||||||
| ~ Other expenditore reptesents those items not 6dliug into sny other heading. |
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| Irtecovemble VAT isrouged as acost against the acrivity for which the expendiuue was mcurred |
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| h) | llocation ofsupport costs | |||||
| Support costs ate those funcrions dmt assist the work of the charity but do not direcdy undemlm |
cbaritable activities. Suppiut costs | |||||
| include back office costs, fiuanm, personnel, paymg and governance costs which support the Tmsts |
pmguuumes | snd activides. These | ||||
| costs have been agocasrd to the expenditure on chantable activities. The bases on which support costs |
have been | allocated ate set out | ||||
| in note A | ||||||
| i) | Tangiqile fixed assets | |||||
| Items ofequipment sre capitaliscd where the pmchsse price exceeds LS00.Depredation is provided |
at | maes calculaud to write down | ||||
| die cistofeach asset to its estimsuri residual value over its expected useful Bfe. |
||||||
| i) | listed tnestmtmts | |||||
| Investments sre afoun ofbasic financial iustnunent aud are iuiriagy recognised at their trsosaction |
value sod subsequendy measumd |
|||||
| at their 6ur value as at the balance sheet date using the dosiog quoted market price. Any change in 6dr | value will | be mcoguised in the | ||||
| stamnent of6nancial activities. | ||||||
| k) | Debtors | |||||
| Trade and other debtors sre recogmscxl at the setdement amount due after sny ttsde discount o(fared. |
Prepaynen | is ate valued at the | ||||
| srsount puqmd net ofany tnule discounts due. |
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| Cash atbank and in hand | ||||||
| Cash at bank and cash in hand includes cash. | ||||||
| m) | Ctuditom and pmvlsions |
|||||
| Creditors snd provisions are recognised where the charity hss apresent obligation resulting &om a past |
event that | wiii probably result | ||||
| in tbe transfer of funds to a third patty and the amount due to settle the obhgsnon can be measured |
or catenated | reiubly. Creditors | ||||
| snd provisions are nonnagy recognised at thrir sctdcment amount after sfiowing for any tmde discounts |
due. | |||||
| n) | Financial iustrtunents | |||||
| The charity only has financial assets snd 6nsncial habiTities of a kind that qualify ss basic finsnosl |
instruments. Basic financial |
|||||
| msinuneu ts are iuitisfiy recognised at transaction value snd subsequently measured at thar settlement |
value with the exception ofbank | |||||
| loans which src subsequently measured at amoriised cost using the effecnve mterest method. |
| Income &om donations and legacies |
|||
|---|---|---|---|
| 2021 | 2021 | 2020 | |
| Restricted | Total | Total | |
| Asvards admin fees |
3,949 | ||
| Donations Memorial book |
350 10 |
350 10 |
5,870 96 |
| 360 | 360 | 9,915 |
| 2021 | 2021 | 2020 |
|---|---|---|
| Restncted | Total | Total |
| 1 | 1 | 10 |
| 28,452 | 28,452 | 27,545 |
| 28,453 | 28,453 | 27,555 |
| Analysis ofexpen | di | nue | |||
|---|---|---|---|---|---|
| Charitable | |||||
| activities | 2021Total | 2020Total | |||
| Direct costs | |||||
| Gmnt awards | made | 1&,000 | 18,000 | 34,500 | |
| 18,000 | |||||
| Support costs | |||||
| OfEce admin | fees | 506 | |||
| Brokerage costs | 12,458 | 12,458 | 12,055 | ||
| Portfolio fees | 150 | 150 | 735 | ||
| Prize regauhng | RPD day | 120 | 120 | ||
| Subcontracted | awards admin fees | 1,790 | 1,790 | 1,975 | |
| Subscription | fees | 760 | 760 | ||
| Rates | 516 | 516 | 550 | ||
| Telephone and |
internet | 695 | 695 | 342 | |
| Dropbox | 1,080 | 1,080 | 648 | ||
| Sundry | 26 | ||||
| Trustees' travd | 52 | ||||
| Utilities | 210 | 210 | 331 | ||
| Website hosting | 58 | 58 | 231 | ||
| Printing, Postage and stationery | 65 | 65 | 80 | ||
| Accountancy | fees | 900 | 900 | 900 | |
| 18,802 | 18,802 | 18,431 | |||
| Governance costs |
|||||
| Auditors' remuneration |
3/75 | 3,375 | 4,500 | ||
| 3,375 | 3,375 | 4,500 | |||
| Total expenditure | 40,17? | 40,177 | 57,431 |
| 2020 | ||
|---|---|---|
| ABinvestments ate held on arecogoised Stock Exchange |
||
| Market value at the start ofthe yeat | 846,182 | 791,827 |
| Additions at cost |
4,$50 | 23,765 |
| Disposals atcsnyiog value | (12,458) | (12,055) |
| Net gain/0oss) on revaluation |
43,150 | 42,645 |
| Market value atthe end ofthc year | 8$1,724 | 846,182 |
| Historical cost | 800,067 | 749&825 |
| Holding | ||
|---|---|---|
| (Umts) | ||
| Baillie Giliotd Global Income Gmwth BInc | 5,037 | 52,386 |
| Fidebty Short Dtd Corp BdWInc | 5,521 | 50~3 |
| Ninety One Divcrsiged Income JInc-2 GBP | 51,764 | 51,319 |
| Schuxler US Equity Income Maimisrx LInc | 85,289 | 59,916 |
| Vanguard FISEDeveloped World ex-UK Equity Index IncGBP | 115 | 50,792 |
| 8 | Debtom | |||
|---|---|---|---|---|
| 2020 | ||||
| Other debtors | 852 | |||
| Accrued | income | |||
| M&4 | 852 | |||
| 9 | ~t amounts Sdsng due within one year | |||
| 2020 | ||||
| Amount | owed to BFWO | 4S03 | 1,535 | |
| Accruals | 3375 | 4,725 | ||
| 4,&78 | 6~0 | |||
| 10 | Analysis | ofnet assets between funds |
| Analysis ofnet assets between funds | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Restdcted | Endowment | Tonal | Total | |
| Funds | Funda | Funds | Funds | |
| Fixed Assets | ||||
| Tangible Gxed assets | ||||
| Investments | 8&1,724 | 846,182 | ||
| 881,724 | 881,724 | 846,182 | ||
| Cunent Assets Other debtors |
~4 | 852 | ||
| Cash atbank and in hand | 46,103 | 46,103 | 52,893 | |
| 46,103 | 2,504 | 48,607 | 53,745 | |
| (4,878) | (4,878) | (6~0) | ||
| Net cunent assets | 41~5 | 2,504 | 43,729 | 47,485 |
| Total net assets | 41rt25 | 8&4t22& | 925,453 | 893,667 |
| 11 | Movements | in funds | Incoming | Outgoing | |||||
|---|---|---|---|---|---|---|---|---|---|
| At | the start | resources & | resources & | At the end of | |||||
| ofthe year | losses | Tmusfers | the year | ||||||
| Restricted | funds: | ||||||||
| International | Fellowship | fund | 9,865 | 886 | (309) | 257 | 10,699 | ||
| BFWGScholarship fund |
36,768 | 27,927 | (39,868) | 5,699 | 30,526 | ||||
| Total testricted funds | 46,633 | 28,813 | (40,177) | 5,956 | 41/25 | ||||
| Endowment | funds: | ||||||||
| International | Fellowship | Fund | 26,402 | 1.331 | (257) | 27,476 | |||
| BFWGScholarship Fund | 820,632 | 41,819 | (5,699) | 856,752 | |||||
| 847,034 | 43,150 | (5,956) | 884~ | ||||||
| Total funds | 893,667 | 71,963 | (40,177) | 925,453 |
| Statement ofFinancial Activities | Statement ofFinancial Activities | International | ||
|---|---|---|---|---|
| BFWG | Total | |||
| Fellowship | Scholarship | Restricted | ||
| Fund | Fund | Funds | ||
| Incoming xesources | ||||
| Donations snd legacies | ||||
| Awanls admin fees Interest, exr~and dividends |
886 | 27,567 | 28,453 | |
| 886 | 27,927 | 28,813 | ||
| Resources expended | ||||
| Awauls Pxize~RPD day |
18,000 120 |
18,000 120 |
||
| Brokerage costs | 12,149 | 12,458 | ||
| Ponfolio fees | 150 | 150 | ||
| Pdnting, postage and | stationery | 65 | 65 | |
| Subcontracted awards |
adxnin fees | 1,790 | 1,790 | |
| Subscxiption fees |
760 | 760 | ||
| Rates | 516 | 516 | ||
| Telephone and internet |
695 | 695 | ||
| Dmpbox | 1,080 | 1080 | ||
| Website hosting | 58 | 58 | ||
| UtiTities | 210 | 210 | ||
| Accountancy fees |
900 | 900 | ||
| Auditors' remuneration |
3,375 | 3,375 | ||
| 309 | 39,868 | 40,177 | ||
| Net incoming resources | 577 | (11,941) | (11,364) | |
| Transfer between funds |
257 | 5,699 | 5,956 | |
| Bmught forward | 9,865 | 36,768 | 46,633 | |
| Carried forward | 10,699 | 30,526 | 41,225 | |
| Balance Sheet | ||||
| Fixed assets | ||||
| Investments at market |
value | |||
| Bank lmlances —Held |
byBFWG | 10,699 | 35,404 | 46,103 |
| Debtors Other debtoxs |
||||
| BFWG-Inter-fund | ||||
| Cteditors Amounts |
owed by the Federation | (1,503) | (1.503) | |
| Accruals | (3,375) | (3,375) | ||
| 10,699 | 30,526 |
| International | BFWG | Total |
|---|---|---|
| Fellowship | Scholarship | Endowment |
| Fund | Fund | Funds |
| Incoming resoutces | |||
|---|---|---|---|
| Donations and legacies |
|||
| Interest and dividends | |||
| Resources expended | |||
| Grants | |||
| Administration expenses |
|||
| Net incoming resoutces | |||
| Other recognised gains and losses | |||
| Gains/(losses) on investment |
1331 | 41,819 | 43,150 |
| 1,331 | 41,819 | 43,150 | |
| Transfer between funds |
(257) | (5,699) | (5,956) |
| Bmught forward | 26,402 | 820,632 | 847,034 |
| Carried forward | 27,476 | 856,752 | 884~ |
| Balance Sheet | |||
| Investments at market value |
27,398 | 854,326 | 881,724 |
| Other debtors | 78 | 2,426 | 2,504 |
| 27,476 | 856,752 | 884,228 |