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





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|||||Total|Total|
|---|---|---|---|---|---|
|||||Unrestricted|Unrestricted|
||||Note|Funds 2021|Funds 2020|
|Income:||||||
|Investment<br>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<br>on charitable<br>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<br>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<br>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<br>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<br>Fund|||1,139,235|1,095,095|
|Revaluation<br>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<br>by investing<br>activities|||||68,003||78,690|
|Change<br>in cash and cash equivalents|||in the year||43,421||(55,045)|
|Cash and cash equivalent<br>brought||forward|||44,113||99,158|
|Cash and cash equivalents|carried|forward|||87,534||44,113|





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|te<br>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<br>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<br>at 31||December|||2020||||3,257,656|
||Total investments<br>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<br>reserve|||||||1,991,624|223,155|2,214,779|
||Accumulated<br>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<br>reserve|||||||2,214,779|492,242|2,707,021|
||Accumulated<br>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<br>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)|