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2021-12-31-accounts

				Page
Report ofthe Trustees
Independent Auditor's	Report to the Trustees ofthe British Airways	Welfare and Benevolent	Fund	S
Statement of Financial	Activities
Balance Sheet				10
Statement ofCash Flows
Notes to the Financial	Statements			12

				Total	Total
				Unrestricted	Unrestricted
			Note	Funds 2021	Funds 2020
Income:
Investment Income				68,685	78,690
Donations				30,120	120
Net profit on investments				492,242	223,155
Total Income				591,047	301,965
Expenditure:
Expenditure on charitable activities:
Benevolent	Grants			(15,777)	(69,050)
Other Expenditure				(38,889)	(7,031)
Total Expenditure				(54,666)	(76,081)
Net income and net movement		in funds for the year		536,381	225,884
Reconciliation of Funds:
Funds brought forward	at Ilanuary			3,309,874	3,083,990
Total funds carried forward at		31 December		3,846,255	3,309,874

			T~otal Fun s
		Note	2021	2020
Fixed Assets:
Investments			3,749,898	3,257,656
Total Fixed Assets			3,749,898	3,257,656
Current Assets:
Cash at bank			87,534	44,113
Accrued income			17,386	16,705
Total Current	Assets		104,920	60,818
Current Liabilities:
Amounts owed to BA			2,500	2,500
Other creditors			6,063	6,100
Total Current	Liabilities		8,563	8,600
Net Current Assets			96,357	52,218
Net Assets			3,846,255	3,309,874
The funds ofthe charity:
Accumulated Fund			1,139,235	1,095,095
Revaluation Reserve			2,707,020	2,214,779
TOTAL FUNDS EMPLOYED			3,846,255	3,309,874
Funds:
Unrestricted			3,846,255	3,309,874
			3,846,255	3,309,874

					Total Funds	~To	Funds
				Note	~221		2020
Net cash used in operating	activities				(24,582)		(133,735)
					(24,582)		((33,735)
Cash flows from investing	acti vi	riess
Interest and dividends					68,003		78,690
Net cash provided by investing activities					68,003		78,690
Change in cash and cash equivalents			in the year		43,421		(55,045)
Cash and cash equivalent brought		forward			44,113		99,158
Cash and cash equivalents	carried	forward			87,534		44,113

te 3	Investments
									Shares	Market Value
	Charities investment	income fund:							(number)	E
	At 31December 2020								128,599	2,316,249
	Net gain on revaluation									328,571
	At 31December 2021								128,599	2,644,820
									Shares	Market Value
	Charities investment	accumulation				fund:			(number)	6
	At 31December 2020								4,556	941,407
	Net gain on revaluation									163,671
	At 31December 2021								4,556	1,105,078
	Total investments at 31		December			2020				3,257,656
	Total investments at	3'I December				2021				3,749,898
4	Reconciliation of movement			in total funds employed
							Balance at I			Balance at 31
							January 2020		Income	December 2020
	Revaluation reserve							1,991,624	223,155	2,214,779
	Accumulated fund							1,092,366	2,729	1,095,095
								3,083,990	225,884	3,309,874
							Balance at I			Balance at 31
							January 2021		Income	December 2021
	Revaluation reserve							2,214,779	492,242	2,707,021
	Accumulated fund							1,095,095	44,139	1,139,234
								3,309,874	536,381	3,846,255
5	Reconciliation ofnet	movement			in	funds to net cash flow	from operating	activities
									2021	2020
									E	f
	Net movement in funds								536,381	225,884
	Interest income shown		in investing			activities			(68,003)	(78,690)
	Gains on investments								(492,242)	(223,155)
	(Increase) / decrease	in	debtors						(681)	(12,011)
	increase / (decrease)	in	creditors						(37)	(45,763)
	Net cash used in operating			activities					(24,582)	(133,735)