Burdens, Charitable Foundation Trustees, Report and Financial Statements For The Year Ended 30 June 2021 Charity Number 273535 BEEVER AND STRUTHERS Chartered Accountants St. George's House 215- 219 Chester Road Manchester M154JE
Burdens, Charitable Foundation Trustees Report and Flnanclal Statements Year Ended 30 June 2021 Contants Pages Board of Trustees and professional advlsers Trustees Annual Report 2104 Independent Examlner's Report Statement of Flnan¢ial Activities Balance Sheet Notes lo the Flnancial Stal8rnonl8 81013
Burdens Charitable Foundation Board of Trustees and Professional Advlsers Règlstéred Charlty Name Burdens, Charllable Foundation Charlty Number 273535 Prlnclpal Offlce Casllefield Partners Llmiled 111 PIGcadilly Manchester M12HY Trustees Tlmothy James Burden Bsc Hilary Margaret Perklns MCSP SRP Sally Anne Schofield Dip.COT SROT Arthur David Burden Bsc MD FRGP Anthony David Burden, MA, PhD Edmund George Janklns LLB Indepondent Examlner Maria Hallows BA {Econsl, FCA, Dcha Beever and Slruihers Sl. George'% Hous8 215 - 219 Chester Road Manchester M154JE Banke Co-operative Bank PIC Balloon Street Manchèster M60 4EP Solicitors Addleshaw Goddard LLP 1 Sl Peter's Square Manchester M2 3DE Investment advisers Casllefield Investment Partners LLP 111 Piccadilly Manchester M12HY
Burdens, Charitable Foundation Trustees Annual Report Year Ended 30 Jun8 2021 Reference and Administratlvè Dgts11$ Reference and adminislralive details arg shown In the schedule of Board of Trustee$ and profassional advlsers on tho pre¢edlng pag8 of this report. Structure. Governance and Managèmènt Burdens, Charitable Foundation (BCFI is consliluled as a charitable Irusl, which was formed on 6 April 1977 by Mr Wilfred Thomas Burden and Mrs Annie Eli£abelh Mildred Burden. boih of whom were Trustees until their deaths in 1983 and 1992 respectivèly. Th8 present Twstees endeavour to govern and direct the affairs of BCF in a manner which they believe accords wilh the wishes and intents of the s&tllors and within the idealisms that they lypifled. BCF 1$ gov8med by a deed of settlement dated 6 April 1977. The strategic manag8m6nl of BCF 18 carrf8d out by the Board of Trustees with approprlate professional assistsnc8. Day-to-day runrnlng of BCF was carrled out during th8 year ended 30 June 2021 by Sally Schof18 with external support, as required. Other than Edmund Jenkins, all the present Trustees are desndantS of the founder, Mr W T Burden. 2nd historically mel formally al least twice a year bul slnce the start of the COVID pandemic, the Iruslees have met more frequentty. All meetlngs have been done remotely rather than in person. Prospective new Trustees have normally allended one or more of such meellngs before belng invited formally lo become a Iruslée. Their background as to experience, skill, age and Iwalion Is ¢Jlverse and their commitment to BCF is both v8luab16 and valued. BCF owns 100QA ol th8 subsidiary company, BCF Capital Limited. whl¢h holds investments and donates th6 company's profits lo BCF via Gift Aid. In order to further its charllable works, the charlly works ckjsely with Assoclallons Burklnabe pour la Promotion des Aveuglgs el Malvoyanls {'UN- ABPAM')- Butkina Faso's equlvalanl of the National Federation of the Blind in the UK. Objectives and Actlvlties BCF'S main activity is Ihe making of day-to-day payments lo Support charitable organisalions out of thè income ol the trust fund.. there are no formal Teslriclions on the charitable activities that can be supported, bul the Tnjslees. main activities Curn11Y embrace the prevention and relief of acute poverty, substantially through the MluM of education and healthcare and most espe¢lally in countries such as those of sub-saharan Afri¢a. In 2004 funding from BCF financed the origlnal building and establishment of a subslanlk?I primsry school, La Renaissance, in Ouagadougou Ilhe capital city of Burkina Fasol, which is now owned and governed by a local foundation set up for the purpose. The Trustees continue lo ke under acllve Considèration tha best means avallable lo th8m whereby BCF'S still comparallvely modest income can most effectlvely Impact on alleviating some of the condlllon$ of povety whlch ¢ontinue lo be excesslvely prevalent in th8 world al large and in sub- Saharan Afrf¢a most partioularly. Achlevements and Performance UN-ABPAM initiated a project lo build 8 much- needed secondary school In Ouagadougou and in 2021 buildlng work started and has progressed well during the yèar. BCF has agr86d lo make a grant of É150,OIK) towards th8 Cost ofthe project ar7d during the year payments made amounl8d lo 109,000 lapproxlmat$ly £98.000). BCF secur8d via a generous anonymous donation a major part of tha funds required and working in cooperalSon vAlh the TicTac Foundation ABPAM in Belgium, found Ihe remainder of the funds required. In addlllon, funds dor¢ated in memory of AJ Burden, a previous
Burdens, Charltable Foundation Trustees Annual Report Year Ended 30 June 2021 chair of Trustees, who died In sap1amr 2019, wer& ringfenced by the trustees for thls prolect and havè bèèn usèd accordingly. The main gr8nl-making acllvilies are subslanlially as sel out in the Statement of Finanoial AffBlrs on page 6 ar7d in notes 5 and 17. Publlc Benefll Di$¢lo$ure The Trustees confirm they have complled with their duly lo have due regard lo the guKlance on public beneflt, published by the Charity Commission, in exercising Iheir powers and duties. The Foundation's Charllable purpose is enshrined in ils objects and the strategy pursued by the Trustees continues lo support tha Foundatlon's aims and objectives. Plan$ for Future Perlods BCF'S current focus remains upon more broadly promoting and enabllng the education of b15nd 2nd visually impaired young people in Burkina Faso. primarily by funding Ihelr education and whilst onlinuing lo provide financial support for La R8naissance School lo the extent that it is still requlred. BCF operates through ils own office in Ouagadougou working in close co-operation with the UN- ABPAThA. In addillon lo the secondary school. another long-lèrm, signtficanl project is that of selllng up a vocational school in parallal lo the secondary school which BCF'S IrL¢slees view 8s being of considerable value for the young vlsually impaired young people in Burkina Faso, Investment pollcy The investment tx)wers of the Tn¢slees are unlimited. in that they may r8lain or make investments al thelr complete discretion provlded Always that they estlmale that the rglurn Ilkely lo ba achieved is consistent with the risk assumgd. In Ihls régard, investment decislons arè taken after havlng sought and consldered appropriate advlce. The present strategy of the Trust88s is cenlred on securing sufficient 51JStalnable income lo fulfil Ihelr objective of continuing lo support their work In Burkina Faso. Reservès poll¢y The Trustees have ahmays recognised their technical power lo apply virtually thè entire value of their invoslmenls to or for (he benefit of other charilable organisalions. However. il is unllkely that much if any of Ihls capital valua will ba available in the short ltsrm to be applied in Ihls way. AS an AllèrnatSve strategy, the Truste85 ar& seeking to secure a sustainablè income slream from their assets. which Is sufficient to fund Ihelr own InlAndad future ¢harilable aolivities. At the year end dale tha total reserve8 were £1,286,120 12020.. £1.368.3211 of whlch £NIL 12020.. £75.83Ql are restricted reserves. A further £1.065,002 12020.. £1,065,002) are held in investment8, leaving £221,11812020: £227,489) in fr&e reserves. Since the year end and al the dale of signlng, the Foundation has Gonlributed approximalely é30.000 lapproximalely £27,000) lo the seconéary school prole¢l. BCF'S free rèseNes in¢lud& cash of £1 10,690, the Investment in the subsldiary BCF Capital Limitéd and a long-term loan made lo that subsidiary. The Trustees are satisfd that the level of re8erv8S and the planned use ol those re$8rvès is in keeping with the stated policy. Flnanclal revlew Total voluntary Income Is lower than In the pr8vious year bacause In 2019-20 BCF recelv&d a slngle donation of £92.489 veisus £46,410 from the same sourc8 In tha cent year. The donation Is
Burdens, Charltable Foundation Trust¢¢s Annual R•port Year Endgd 30 Juno 2021 rBElrfcled by the dornr. ltt add[lID BCF plan4 gror>ts th• bulklkvJ of a 58condiry schoDI, h8nve the resv118forthèyg016how n81 oxpbndKurB Df£B2,210. Howovar. £75,830 ofthe loid 8nL made lowoTd$ thL8 prded of £IOO,800 carne from re$ld¢led lundg whl¢h wer8 accounted for Irs 2020 and £24,970 cam8 Irtsm 119d re8eN•s and th8 not B¥pendHuro In unr8slrfcted re888 £6,371 whlththe InL4tee¥ bdlovo to tyb suBlqlnabl8. 9tvbn Ihe rgwtYe5 UUII lotal £1,28b,120 mHllon al thB yogr£nd. StslmontolTrus¢••¥' R•ponlblllYo8 The Twstee8 BTe r88ponslblÈ for pr8P815w ITteAVI RepDrt8nd thelnandal 618lemBnts lrt 0raTr¢ th gpplthble And Urft0J Klngthm St8fKJ&rds lunOd Kltydom Genera15y A¢ceptgd ArtounllngPr8d(Yl. Tho law sp1bI& to ch8rftto$ In EnoL4nd Wales re4ulr8s tho TDJ¥IBes to pr8pwp finond•f 8lalem8nls for Èach y88rwN¢h Iwo ond fglr vtowoflhg ala of aif81ts of thè ¢harfty d oflhe InL¥Jmkng IPgOUFC8$ and 8ppilcatlon of re%wJrw of the Chprfty fLYthol pprtod. In preparinu th¢se finfjnclel 8lalemBnts. th8 Tru8teeB Brer•quI I •deGtsullBblg BccouRg 8rrflts¢t opp1ythomconIl•nty,' cè8eTVO Ihè méth¢ds •nd prfndplo5 In tho ChthTIUg9 Sl818ThDt ol Recommendèd P¥arlE¢o mak•lutym¢nl¥ •nd wWrnal•Jthat8r¥r¢worwbl•and pnOntr, Slale Ythelhvr appI[(za accoun9 standards hw8 L4en foNLwd. wbl8Gt to Any malerf8 departurtrs ¢H¥t4osed 8nd hlhefinfind•l tstements,. propwro the fjnpndal ElatoThwnts on Iha golw coKm baslB unth It k InèppMprfatB t preBume IhatlheChgrftyYAII oinUnu¥ knop8raloD. The Twslee5 Bre reSpoble for koBplty pwpor etcounllno r8cuds that dLsdo88 Wlh rea80n8 aC(ra al 8ny tkne Ihg fthBndal poswon of Iho Chlldty MBble to 6ngure that th&ffftBndal slatents Comp wlh Ihts ChthUe$ 2011 Ihtr regul&on5 made purstsAnt to thal Acl. Th Tru51ees d80 r85ponBIIAè IOT 8afeguarthng the ol the Chadty gnd heEt¢o for I8n9 roasonablo 8tepsfwlhè prov8TrlEon and dEteclk>h of Iraud8ndoiherltfB9uhth? In Bddtlk)n, the tw81 de rnqulr88 the Tnth& to meet not lèss tharb om to keep ofthosw m&aU*)ug. d on kholf¢fthèTnJ81888 Burdgn Trttsl80 &. 3.
Independent Examiner's Report to the trustees of Burdens, Charitable Foundation I report on the accounts of the charity for the year ended 30 Jun8 2021 which are set out on pages 6 1013. Respectlve rèsponslbllltles of trustees and examlnor Tha IrtJsl88s 8ra rasponsible for the preparation of the accounts. The trustees ¢onsider that an audit 16 not requlred for Ihls year under section 144121 of the Charitiès Act 2011 {Ihe 2001 Acll and that an indepgndenl examination is n8ed8d. 11 Is rny responsibility to= examine the accounts under s8¢llon 145 ofthe 2011 AGI.. to foilow procedures laid down In thts g8n&ral Direcllons olven by the Charity Commisslon under bectlon 145151{bl of the 2011 Act,. and to slate whether partiCUr m8ller8 have come lo my attention. B4$ls of Indep&nd&nt &xamlnèr's roport My examlnalion was carrled out in a¢cordanoe with the general DireGlions glven by the Char6ly Commission. An examination includes a revtew of the accounting records kept by the ch8Fily and a comparison of the accounts presented with those records. 11 also irs¢ludes consideration of any unusual items or disclosures in the accounts, and seeking èxplanations from you as Iruslees concerning any such mallers. Thè procedures undertaken do not provide all the evSdence that would be required in an audit and consequently no opinion is given as lo whether the accounts present a 'Irue and fair view, and the report Is Ilmilad lo those mallers sel out in the nexl stalefflent. Independent Examln8rfs Statèment In connection with my examlnallon, no matl8r h8s come lo my atlenlion.. (1 } whlch glves me reasonable cause lo belleve that In any m8lèrl81 raspect the requirements.. lo keep accounllng r¢¢ords In acwrdance WEth s8clion 130 of the Charllies Act 2011; and to pr8pare accounts which accord wllh the acwunling records and comply wlth the ac¢ountlng requirements of the 2011 Act have not bean m81., or (21 lo whth, in my opinion, attonlion should be drawrÈ in order to enable a proper undèrstanding of the accounts to be aChed. IM . L4 Marla Hallows BA {Econsl, FCA, Dcha Beever and Struthers St George's House 2151219 Chester Road Man¢hesler M15 4JE Date: IY Apwl
Burdens, Charitable Foundation ststement of Financlal Activities As at 30 June 2021 Total Funds 2021 Total Funds 2020 Unrestrlcted Funds Restrictèd Funds Nota Income and endowments Incomir)g resources from gèneraling funds.. Donations 150484 Total Income Expendlturo Expenditure on raising funds.. Expendlture on charitable activities 135 166 Total expendltura Net lexpenditure)Ilncom8 b8foré other recognised gains and losses 112942 Net lexpenditure)Ilncome and nel movement in fund$ Ro¢onciliation of funds Total funds brought fonmard 16.3711 175,8301 (82,2011 112.942 1292 491 1 368 321 1255 379 Total funds Carried foNiard The Statemant of Financlal Acllvltles inolud8s all galns and losses in tha yèar and therefore a statement of total recognls8d gains and 1088es has not been prepared. All of the above amiwjnts relate lo continuing activltles. Tha note5 on pauos 8 to 13 form part of thesa finanGlal 8tatèm•nls.
Burdan$' ¢h8rftabh Found8llon BJlan¢e Shpot As at 30 Juno 2021 2021 2020 Not• Flx•d 18l•tb Invfjstrnenls OD Curr•nt¥•s•ts D¢btorg C9$h al b8 11 357 111,354 204,833 Cr•dltorn.' AmouTrt$fallhg duo wlthln on•ybar 12 314 N•1 ¢urrnnta•#wl* 109,SI0 202.319 O•btors: Amts fall¥ duo wlthln mor• than on• 11 ¢urr•rtlIablll0 FuAd¥ th¥ Ch4rfty Ileslrfctsd Incomtsfvnd¥ 13 14 76.830 Total ChawSty funds sa fin&ndal tsts18ments w¢t• opwtyad authorfB8d (or i8$ by the Boird of Truth& on 20.03.2022 SI9d on Ih8lrb ¥by'. AD Burfon Tnjsle
Burdens, Charitable Foundation Notes to the Flnanclal Statements As at 30 June 2021 General Informatlon The charily18 e regi8ler8d charlly In England and Wales and is unincorporal&d. The addréss of the prlncipal office is clo Casllefield Partners Llmilad, 111 Piccadilly, Manch8sl8r. M12HY. Statement of Complianc¢ These financial staltsments hav& been prepared in compliance with FRS 102. 'The Financial Reporting Standard applicable In Ihe UK and the Republic of Ir61and', th8 Slalement of Recommended Pracllce applicab18 to Charities preparing their accounts in accordance wllh th6 Flnancial Rtsporting Standard applicablg In the UK and Republic of Ireland IFRS 1021 (Charilles SORP {FRS 102)) and the Charities Act 2011. A¢counllng Policles Basis of Pr8paratlon The financial slalemenls have been prepared on the hlstortcal cost basls, as modifiad by th& revaluation ol rtain financial assels and liabilities and investment properties measured al fair value through in¢ome or expenditure. The financial slalem8n18 are prepared in sterling. which is the functional CL¢rrency of the ènlity- Golng Coneem There are no material unGertainlies aboLtI the charitls ability to continue. Fund accountlng The Charity's funds conslsl of Ihr8é R8strlcl8d Funds and the Unreslricled Fund. The Reslricled Funds ar6 Income funds which can only b6 appll8d for charitable purposes specif18é by Ihe donor. The Unr8Strl¢tod Fund Is avallable for use al th8 dlscr611on of the Trustees in the furtherance of the Charlly's oblecls and funds may be deslgnaled for a sp@fiC purpos8, if deemgd appropriate. Incomlng r¥sourc6s All Incoming r8sources are included in Ihg Slalomonl ol Flnancial Activities when the Charity is enlilled lo the income, Ihc Trustees are virtually certain that Ih8y will r8ceiv@ the res0rGe$ and thè amount can be quantified with reasonable accuracy. The followlng speclfic poli¢las are applied to part¢cular ¢alegories of income. Don8tions Income is rec8ived by way of grants, donallons and glft8 and Is r8cognl$$d whén the Charity becomes unconditionally entitled to It. Expgnditure Expenditure is recognised on an 8ccruals basis, a8 a liability is incurred. VAT is in¢luded with the itam of expense ID which il relates, bocause il Cannot be recovered. Grants are voluntary payments made to charitable Inslilulions. They are accounted for when they have been approved by the Trustees and any conditions allached by them have been sallsfied. Sup8Nisory seNices are provided by tho Charlly's sole direct employee. who belng 8ubslanlially resldent in Burklna Faso, is the FoundAllon's representallve on the management committee of La Renalsgance in Ou8gadougou. Governance c081s are thos6 costs associated wllh Tneeting conslitulional and stalulory requiremenis and include the independent examiner's fees and costs linked lo the strategic managèment of the Charity.
Burdens, Charitable Foundation Notes to the Financlal Statements As at 30 June 2021 Accounting Pollcles Icontlnued) Costs ara allocated lo categories on a basis which is intended lo rtsflect the use of the resource. Staff costs, includlrng staff travel, can usually bè allocated directly, bul other costs are not directly related to any one activity. Support costs are those costs that, whilst necessary lo deliver an aclivily. do not themselves produce or conslllule the output of the activity. Foreign currénclos Monetary assets and liabilities denominated in foreign currencies are Iranslalèd into sterling al rates of exchange ruling 81 the balance sheet dale. Transactions in forgign currencies are translated into sterling al the rats ruling on the date of the Ir8nsaction. Exchange galns and lossés aré recagnised in the SOFA. Investments Inveblmenls are staled al Market Value Inole 101. Fixed Asset5 Tangible fixed ass&ts are capitalised and slated at cosl18ss depreciation. Depr8cialion is provided al rates calculated to write off the cost of the assets on a stralghl line basis over the expected useful life. Computer equipment is depreciated al 33% per annum. Dèbtors Other debtors are recognlsed 81 the settlement amount du£ 8ft8r any trad8 dlscount offered. Cash at bank and In hand Cash at bank and in hand Includes cash and any short term highly liquld Inv8stMenls with a short maturlly of three months or less from th8 date of acqulsltion or opening of the daposll or slmlL4r ac¢ount. Creditors Creditors are recognised wh8re the charity has a present obligation resulting from a past event that will probably result in the Iransfer of fvnds lo a third party and the amount due lo sellle Ihe obligatÉoll can be measured or esllmaléd reliably. Creditors are normally recognised al their settlement smounl after allowing for any trade discount due. FSnonclal Instrument The Charlty only has financlal assets and financial liabilities of any kind that quallfy as basic finandal Instruments. Baslc flnancial Instruments are Inillally racognisad al transaction value and SLtrbsequenlly measured al settlement valu6. Deflnèd Contribulion plans Conlribullons lo defined conlribulSon plans are recognised as an expense in the period in which the related g8Nice Is provided. Prepald Conlributkins are recognised as an asset lo Ihe exltsnl that the prepaymtsnl will lead lo a reduction in future payments or a cash rèfund. Incoming Resources Total Funds 2021 Total Funds 2020 Unrestrlct&d Funds Donations Other donatlons
Burdens, Charltable Foundation Notes to the Flnancial Statements As at 30 June 2021 Charltable Actlvltl8s Unrestrlcted Funds Restrlcted Funds Total Funds Total Funds 2021 2020 A¢livilies in Africa (Note Sal Support costs in thè UK Inole 5bl 56,879 75,830 132,709 36,202 £15.00012020: £12,000) of the lolal grants paid (Note 17) Is paid into a bank account In Burkina Faso to ftjnd activities there and the amounts expended are shown in Note 5b. Any rèmaining balance is cayrled forward as part of BGF'S cash balances in thè Balance Sheet. BCF also funds from the UK the full salary Gosl of ils represenlalive in Burkina Faso and these costs are included in staff costs (note sal. 5a Actlvltlos In Afrlca Unrestrlcted Re$trlcted 2021 2020 Staff costs Repalrs Africa office costs Grants payable Overseas travel 27,067 27.067 25.742 661 8.433 4,842 24,970 4,842 100,800 75,830 Sb Support Costs In thè UK Office Costs Miscellaneous Costs Account8n¢y Bank Charges Unrostrlcted Restricted 2021 2020 130 44 130 44 122 56 1,378 905 1.378 905 369 793 Indapendgnt Examination FÈ8S Unrestricted Total Funds Funds 2021 Total Funds 2020 Fees payable to the independant examiner for.. Indep&nd8nl examlnalion of the financl81 slalements. io-
Burdens, Charitable Foundation Notes to the Flnancial Statements As at 30 June 2021 Trusiees R&muneratlon and Expenses The Trustees did not r&c¢lve any remuneratlon and did not racelve any r&wimbursemant for thelr travel cosls12020= £NIII. Net Incomlng Resources for th8 Yaar The nel Incomlng resources of negatlV8 £82,201 12020.. positive £112,942) are slated aft&r charging.. 2021 2020 Independent Exarniner's Fee Independent Examiner . other seNicos 1,120 1,125 staff Costs Total staff Costs were as follows: 2021 2020 Wmgas and salaries Soclal security costs Ponslon ¢osl 26,S34 25,207 533 535 Partlculars of employees.. The averago number of emp]oyees during the year, calculat8d on the basis of full-llme equivalents, was as follows.. 2021 2020 Number of admini8tralive staff No employe8 received remunaralion of more than £60.000 durlng the year12020.. £NIII. 10. Flxed Asset Investmènts Cost As al 1 July 2020 8nd 30 June 2021 Provlslon for impairment As al 1 July 2020 and 30 June 2021 Used in year As at 30 June 2021 4,683 {4,683} Carrylng amount As al l July 2020 and 30 June 2021 li-
Burdens, Charitable Foundation Notes to the Financial Statements As at 30 Juno 2021 Hlstorical cost As al 1 July 2020 Wrlle off investment in Takeparts Limlled 1,069,685 As at 30 June 2021 BCF Capital Limited1100 /0 of th8 share Gapilal) The Charity owns l OOOA of the share capital of Ils subsidiary undertaking, BCF Capital Llmited, 8 ompany in¢orpomled in the United Kingdom which is an investment company. The shares in this company are h&ld by A D Burden and E G Jenkins (both Irustees}, in trust for BCF. AI 30 Junè 2021 the aggT8gala sharo cepllal and reserves of this company lolalled £2,247,184 {2020'. £1,909,032) and the profll for the year lolall8d £338,15212020.' loss £387,195). During the year BCF wrote off Its investment in Takeparts Limited. Th8 invèstment had been provided for in full in prior years. 11. Debtors 2021 2020 Amounts falling due within one year.. Other debtors Amounts f811ing due In more than one year.. Amounts due from BCF Capital Limited 12. Creditors: Amounts falllng due wlthin one year 2021 2020 Olhar creditors Accruals 195 1,114 13. Restrfcted Incomè Funds Total Restrlcted Funds 2021 Total Restricted Funds 2020 Balance at 1 July 2020 Income Expenditure 75,830 36,745 45,830 Balance at 30 June 2021 Restricted funds comprfse fund$ for thè UN-APBAM building project in Ouagadougou. 12-
Burdens, Charitable Foundation Notes lo the Financlal Statements As at 30 June 2021 14. Unrestrlct8d Income Funds Ganaral Fund Balance at l July 2020 Income Expendliure 1.292.491 52.965 Balance at 30 June 2021 JS. Analysis of Net Assets Between Funds Unrestrlcted Funds Restrlcted Funds Totals Invaslmants Debtors Cash at Bank Creditors 1,065,002 112.274 110,690 1,065,002 112,274 110,690 Included wilhln Unreslrlcled Funds Is £Nil {2020'.£1,289) whlch has been designated by th& Board of Tru8le8s for th6 secondary school. 16. Related Party Transactions Messrs EG Jenkins and AD Burderb, trustees of the Foundation, are dlrectors of BCF Capitsl Limited. There were no related party transactions during Ihe year. 17. Grants Paid All grants were made to Inslllulions and none to Indwiduals, A significant proportlon of the total grant expenditure went to over88as organisalions and grants wèrè made to support La Renaissance School or in furtherance of tha UN-ABPAM building proKect. The following summary endeavours to illustratg the scop8 and emphases of 8CF's gr8nl-making actlvilies in this partiCLÉlar year. Only grants of £5,000 and over are shown separately in the summary. 2021 Total 2020 Tot81 Oversoas Grants - Educatlon La Renaissance- BF UN-ABPAM 1 S,000 100,800 45,000 100,800 12,0 Total Grants 13-