2021-03-31-accounts

			Page
Report ofthe Trustees		1	lo	3
Report ofthe Independent	Auditors	4	Io	5
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements		8	tc	14

						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	8	E	8	8
INCOME AND ENDOWMENTS		FROM
Donations and legacies			3	123,733		123,733	30,260
Investment income			4	22,332		22,332	22,777
Total				146,065		146,065	53,037
EXPENDITURE ON
Investment management costs				9,716		9,716	10,113
Charitable activities
Grants payable and research	expenditure			22,430		22,430	38,209
Other charitable expenditure				13,500		13,500
Total				45,646		45,646	48,322
Net gains/(losses) on investments				187,123		187,123	(63,653)
NET INCOME/(EXPENDITURE)				287,542		287,542	(58,938)
RECONCILIATION OF FUNDS
Total funds brought forward				1,297,793		1,297,793	1,356,731
TOTAL FUNDS CARRIED FORWARD				1,585,335		1,585,335	1,297,793

			Bardhan Re ohrh	search and R I ea	search and R I ea	search and R I ea	Education Trust of n r 022	Education Trust of n r 022
				Balance			Sheet
				31March			0
				Notes				2021f	2020 f
FIXEDASSETS
Inveskrients				14				1,350,177	1,033,598
CURRENT ASSETS
Debtors				15				25
Cash at bank								266,172	321,589
								266,197	321,589
CREDITORS
Amounts falling	due within one year			16				(31,039)	(51,335)
NET CURRENT ASSETS								235,158	270,254
TOTAL ASSETSLESSCURRENT			LIABILITIES					1,585,335	1,303,852
CREDITORS
Amounts falling	due afier	more than	one year	17					(6,059)
NET ASSETS								1,585,335	1,297,793
FUNDS
Unrestricted funds:
General fund								1,443,988	1,364,574
Fair Value reserve								141,347	(66,781)
								1,585,335	1,297,793
TOTAL FUNDS								1,585,335	1,297,793
The charitable	company	Is entitled	to exemption	from	audit	under		Section 477 of the Companies Act 2006	for the year
ended 31 March	2021.

							2021	2020
							E
Donated research		income					123,733	30,260
INVESTMENT	INCOME
							2021f	2020 E
Income from listed		investments		and investment	deposits		22,123	21,782
Deposit account interest							209	995
							22,332	22,777
INVESTMENT	MANAGEMENT			COSTS
Investment management			costs
							2021	2020
							E	E
Portfolio management							9,716	10,113
CHARITABLE	ACTIVITIES		COSTS
						Direct	Support
						Costs (see	costs (see
						note 7) f	note 9) E	Totals E
Grants payable	and	research
expenditure						12,750	9,680	22,430
Other charitable	expenditure					13,500		13,500
						26,250	9,680	35,930
DIRECT COSTS OF CHARITABLE ACTIVITIES
							2021f	2020f
Research expenditure							12,750	13,584
Other costs							13,500
							26,250	13,584

GRANTS PAYABLE	GRANTS PAYABLE
								2021	2020f
Grants payable and research			expenditure						12,552
The total	grants paid to institutions			during	the year was as follows:
								2021	2020
							f		f
University	ofSheffield								51,180
Grants provided no longer required									(38,628)
SUPPORT COSTS
							Governance
						Management f		costs f	Totals f
Grants payable and research			expenditure			5,900		3,780	9,680
Support costs, included		in the	above, are		as follows:
							2021		2020
							Grants
							payable
								and
							research		Total
							expenditure f		activities f
Wages								4,629	5,332
Other office costs								1,271	2,767
Loss on scrapped assets									152
Auditors'	remuneration							775	750
Auditors'	remuneration	for non	audit	work				3,005	3,072
								9,680	12,073
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
							2021f		2020f
Auditors'	remuneration							775	750
Auditors'	remuneration	for non	audit	work				3,005	3,072
Deficit on	disposal offixed assets								152

STAFF COS	TS
						2021	2020
						8
Wages and	salaries					4,629	5,332
						4,629	5,332
The average	monthly	number	ofemployees	during	the year was as follows:
						2021	2020
Administration						1	1

			Unrestricted	Restricted	Total
			funds	funds	funds
				8
INCOME AND ENDOWMENTS		FROM
Donations and legacies			30,260		30,260
Investment income			22,777		22,777
Total			53,037		53,037
EXPENDITURE ON
Investment management	costs		10,113		10,113
Charitable activities
Grants payable and research expenditure			38,209		38,209
Total			48,322		48,322
Net gains/(losses) on investments			(63,653)		(63,653)
NET INCOME/(EXPENDITURE)			(58,938)		(58,938)
RECONCILIATION OF	FUNDS
Total funds brought forward			1,356,731		1,356,731
TOTAL FUNDS CARRIED FORWARD			1,297,793		1,297,793

FIXEDASSET INVESTMENTS
	Listed
	investments
	8
MARKET VALUE
At 1 April 2020	1,033,598
Additions	1,237,037
Disposals	(1,062,296)
Revaluations	141,838
At 31 March 2021	1,350,177
NET BOOK VALUE
At 31 March 2021	1,350,177
At 31 March 2020	1,033,598

					Listed
					investments
					8
Valuation in 2021					1,350,177
DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2021	2020
				8	f
Other debtors				25
CREDITORS:	AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2021	2020
				f	8
Trade creditors				2,569	2,416
Social security	and other		taxes		30
Other creditors				3,780	3,767
Grants payable				24,690	45,122
				31,039	51,335

17.	CRED	ITORS	:	AMOUNT	S FA	LLI	NG D	UE AFTER	MORE THAN	ONE YEAR
											2021 f	2020 f
	Grants	payable										6,059
18.	ANALYSIS OF NET ASSETS					BETWEEN FUNDS
											2021	2020
									Unrestricted	Restricted	Total	Total
									funds	funds	funds	funds
									f	f	f	f
	Investments								1,350,177		1,350,177	1,033,598
	Current	assets							266,197		266,197	321,589
	Current	liabilities							(31,039)		(31,039)	(51,335)
	Long term liabilities											(6,059)
									1,585,335		1,585,335	1,297,793
	All ofthe funds			in 2021	are unrestricted			funds.
19,	MOVEMENT		IN FUNDS
										Net	Transfers
										movement	between	At
									At 1.4.20	in funds	funds f	31.3.21
	Unrestricted		funds
	General	fund							1,364,574	287,542	(208,128)	1,443,988
	Fair Value reserve								(66,781)		208,128	141,347
									1,297,793	287,542		1,585,335
	TOTAL	FUNDS							1,297,793	287,542		1,585,335
	Net movement			in funds,	included		in the	above are	as follows;
									Incoming	Resources	Gains and	Movement
									resources f	expended	losses f	in funds f
	Unrestricted		funds
	General	fund							146,065	(45,646)	187,123	287,542
	TOTAL	FUNDS							146,065	(45,646)	187,123	287,542
	Comparatives			for movement		in	funds
										Net	Transfers
										movement	between	At
									At 1.4.19 f	in funds f	funds f	31.3.20 f
	Unrestricted		funds
	General	fund						1,343,216		(58,938)	80,296	1,364,574
	Fair Value reserve								13,515		(80,296)	(66,781)
								1,356,731		(58,938)		1,297,793
	TOTAL	FUNDS						1,356,731		(58,938)		1,297,793

Compar	ative	net movement in fund	s, included in the above are	as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			6	6	5	5
Unrestricted		funds
General	fund		53,037	(48,322)	(63,653)	(58,938)
TOTAL	FUNDS		53,037	(48,322)	(63,653)	(58,938)