FEGISTERED CCthIPAKY NUMBER.. 02243673 (England W81e51
REGISTERED CHARITY NUMBER.. 328452
24

arch and Edu
Rotherham
tlo
Cont•nts of the Financial Stal•m•r•ts
20
Report of th• Truste88
1 to 3
Rwrt ofthè Indwdent Audilo
4 to 5
Stat￿￿tof Fin￿cl81 Actiwtle5
Bar￿¢• Sheet
Notes to ts FIn￿￿ Slat
8 to 14

Bardhan Research and Educatlon
Rotherham
8 Trust
For The Year Ended 31 March 2024
The iruslees who a￿ 81so direclors of the r*arity for the pUrF0S￿ of Ihe CompanEs Act 2(X6. present their ￿￿rt the financk?I slatenEnts of
the charity fDI year end￿ 31 March 2024. The trustees have thpt￿ ts provtsDr6 of AcD)untirvJ and Re￿rti￿J by Chatibes.. sialerrtnl of
Recommended PraGlice appI￿ab* to thariE*5 prepanrMJ thew ￿ancI wlh the Fina￿]ej RepytiThJ Standard appI￿atrAe in the UK
and RePUtA￿ ol Ireland IFRS 102lleff￿tl¥@ 1 J￿Uary 2019}.
OBJECnVES AND ACTIVITIES
obl￿tIveS 8nd aims
The charity's purpose, as sel out in the obpds ￿tal[￿l in the c(ffipanls MerTryarylum of A55oQati￿. is the furtheran￿ of medical Scien￿ in
the fieki of G8strIEnlerobJy. To further its ams the actmtses of th& 0￿panY have 0)n1￿Ued lo relate to &lrr¥nLgtr8tion of funds genefatejj by
Prof. Kama Oev Bardhan O.B.E fynds generat&1 from invesbThnts, and the use ol ltrw funds tr) bjnd Med￿ and S￿ntth¢ research kKoiects
and lo pay grants to fiJnd rnedical research in ther￿Id of Gastroenterobjy. There have tEen no rnaterial changes in kK)I￿￿9 the last reFKMi
OetaiLs ofthe main actimtss un¢*rtaken in relation tothe ch￿S purp%e are Irri￿ kn Wthertstall kn A¢We￿nts Perf0tTllan￿ bdyw.
The Iwst￿ have referrd lo guidarTh ajntaind n the Charry Commwis general gU*jar￿ on Publ￿ b9n8frt vthen rewewlng awr6 and
objectives and in planning fubJre &￿'V1he$.
ACHIEVEMENT AND PERFMNCE
Chgrllable *llvllios
ReS￿reh Projects
BRET lids WI￿¥[$ d fil1dl￿1dl bbiiiuluiTr lu Di lain Croall lo supwrt grOuTrjbrea#￿ research in the Gul 8ffi axis and potentia Influ￿ of
in dementia.
BRET funded the Sheffield Gl Symp(6ium ￿lch is now the large51 UK Gul of Ihg. Briti4h Df GaStr￿tero￿Y Annua
Meeb'ro. The n￿ting is entirety free lo ell￿d￿d h&s rTr)re than 350 debJates.
FINANCIAL REVIEW
Investment powers
The companls investmenl pmrs &e sel wt in ts Menv)Mdum crf Awiation. Th8s8 tho coryany to in¥￿1 not imr￿￿5¥tety
required ￿ such inveslrnents as may be Ihwhl fit gjbiecl b) ccfiJrfiJns as rnay be impjsed or by law. The WTnpanl5 InV￿tr￿ents are
managed by Rathbone InvestmenlMan8JellpnL
Reserves poli¢y
The Iruslees 3cknTh￿dge IIE hth levd of resetves. The Itustees that Ihe ￿Tren1 Iwd of reser￿ ks jUstifEd in (Kder lo rneel the tharitys
ants'cipaled futLKe c￿MMrtM8nts. The finanrjal resutts for the year Je *loul in the slatemenlof finanal a￿￿￿'e5.
FUTURE PLANS
The vision for BRET.. South Yotshire GaStrcente￿bjY conknnu& *) L* a gbbal centre of excellen￿, prDJuc4r#J huh qualty re£earth and
delivering ¥upefwJr clin￿81 outGorres in the C￿mUn￿. The irfiuerKe of BRET has alre￿ resuked in a sustsined Natk?ft81 and International
research platfom? for G&str￿nIer0￿gY in Soulh Yoth£hire. Thi8 ljpe of plaffrm attraGts and Iwlds hpJh calibre Consultants, who in turn ha¥t the
lenb'al lo generate h￿Jh qualty ak)ThJshle servre delNery. Futhertwre, there i5 a signi￿an1 Eody of evKlence to SU9gesl that 5u¢h
research initiabves direcuy ifflpact ￿￿￿V￿Y on cIffi￿ outcomes Ici patients and ￿ surrouTrJiTWJ (Dcmniro A el a Gut 201n. 8RET
w￿he$ to wtinue and build upon th￿l?3¥Y by...
SponsoriNJ Fellow$hi￿- Using funds losupp)rl MD orPhD St￿Y.
Freeing up consuttanllirne for research- By creating researth d&licaled NHS consum sessiNts.
Spwsoring GonlerenGes and Gom[nvnrt￿ ol practice- e.g. H05tiry The St￿￿elLI Gl synt*)sium.
Further investrnenl with the Unive* ofSheffiebJ to p￿P pnme aCadern￿ appoinknenl&
BRET wll flnd the annual Sheffield Gl SynwKJm whKh k7rgesl UK Gut m*tmg outside of the Brthsh S(Kiety ol G&stroenterdogy
Annual Meeb'tu.
BR￿ vrill also ￿ SUPFK)W researth sessK)ns for awnted researc* Gl Qwsutsnts al Sheffidd T&•*ing Hc6Pta ISTHI.
In addthc)n, an acadefflic apwntrnenl may require ￿bs￿n￿8l fijnding. STH are wuiriTrJ novel Gul ultrasowtrj tthndcgy will reouire a Gl
Consultsnl to learn this lechnKiue. Again 8RET WVJ fk funditYJ thi4 deveknwl and this will a UK first.
STRUCTURE, GOVERNANCEAND MANAGEMENT
Goveming document
The company is ￿￿tered 85 a rxJrTWWry lThnbJ by gu￿an&, *illKyJl a sh¥e •al. instrurrenl B ts ￿kn￿duM and Artides ol
AsSocial￿n.
Page I

eardlw￿arCfv and.EduoaIlo￿Tt
Roth•rham
Re
ort oflheTrustees
Year Ended 31 March 2024
STRUCTURE, GOVERNANCE ANO mANAc￿ENT
R￿ruItment and appointment of ￿ trustees
The Iruslees are apponled by metnters of the r&¥n￿y. Al tral anthud 9enual n￿ekn9 Smny Bardhan and Da¥rid ￿￿￿1#jrn reti￿ by
rotatv)n, They will both offerthemsths for Nlectson.
Ctganisational structure
The company 15 governed by 8 &Jard of Trustee5 whKh is resp￿6￿ kn sety the Strateg￿ dIrth￿ of tr* ￿arty, eslablBhirg polw and
re￿Ing and approving appI￿a￿on5 forgrants. An Exeujtive mrnirfylrak￿ manajes the day lo day aftaits ofthe charity.
REFERENCE AND ADlIINISTrATI￿ DETAILS
RpJJlslered CoMp￿Y numb
02243673 (Eroland atNJ wa￿S)
istereAJ Chwity number
328452
RèJislered office
Kingswood Allotts Limited
s￿l￿J$ Court
Lak￿de
Donc&lEY
South Yorkshire
DN45NU
Trust885
L Vernall
Dr M MCAll￿On
S Bardhan
D R C[￿kburn
DI L O'TLNA
G S￿Pathrnanathan
Executive Admlnlslrator
E A Green
Qbmpany ￿let￿Y
E A Green
Auditors
roswood Allotts Limited, StatuloryAuditor
"hartered Accountsnts
S￿1￿$ Cowt
-akeside
Jon¢&£ler
)oulh Yorkshire
JN4 5NU
B￿k￿8
o-operative Bank
PO Box 250
Dell H<)use
Soulhway
Skelmersda
WN116wr
knveslrnenl Advlsers
Ralhbone Investment man￿je￿￿T
Port ol Liverwol Building
P￿r He
Liverpcol
L3 1NW
Page 2

STATEMENT OFTRUSTEE5' RESPONSIBIUIIES
Tne ius*es twno Je aso Ine al￿￿5 ReseJth aiy E(Ara*yb t* cryy lJ*l aE rwltle fc
C￿Y the ryep¥e fn￿￿1￿ fu fiwia a trL* ￿.￿r v** sl* d aYJrs ￿ the
ch•rt& cunwy *d ir￿£1￿rg vtsjrw appk*K*) d resrAMc4S. lrtknJifvJ the tNpthrè. d bk ¢h*rt*k ttynwy f
C￿5￿the WrnF4es In t￿ Charty SOPP
Jgnes5,
c1)m￿Y io en*>lp lo VSU￿ tha ￿e fip.JKia s¢aewJ Cur￿ly *itr. t* Cunymes X(E. Ttr aTe aso restwgble I
e trus1￿ havet*en al stec6th¥. b) to male a*¥e d rekw* avJt ab110￿￿*5h th*
Art￿$ ae a*8re cl tha Infc¥m*.
"l j 1112
J44*
..(.￿24*￿ frJ*t
Page 3

BwrtAflb.e Inde
en
ent Aud
Bardhan Research and Education Trust of
Rotherham
Q)Inlon
We have audited financial sblements of Bardhan Resewch aml Educats"on Tru51 of Rotherh￿n Ilhe 'charitable o)rnpanll lor the fftar ended
31 Maith 2024 which o)rnprise the Ststement of Finanaal Acti￿t￿8. Balance Sheet and notes lo ￿ financkql statements, includiro a summary
of sunifKanl accounting policr￿, The financial retothg fralr*W￿k that has been applied in their prq)arats"on app1Kab￿ law and Unrted Kingdcmn
Accounbry Standards Iunited ￿￿dorn Generalty A￿epted Act0untY￿ Pr8cb*).
In our opinKJn the financial slalew*nts'.
gNie a true and fair ￿l¢W of the slate of the tharitatle companys affairs as at 31 Marth 2Q24 aThJ ol ils incornirg resources and aFplicat￿n ol
resources, including ts income and expenditure, for ItE year then ended.,
have been wopedy prepared in accordan￿ with United KirYJJ(xn Generalty A￿pted AcyJ)untir(J Pracire.. and
have Wn prepared in accordance wlth Ihe requ¥ernents ofthe QJmpan*s Act 2(K6.
Basls for oplnSon
We conducted our audit in aC￿[danCe Intern8lK)nal SL*dards on Audrfmg IUKI IISAS IUKII ￿prIcable law. Our wporsiLllrties under
those standards are further descrited in the Auditors. resportsibitties Ihe audfl ol finanaal slatemenls section ol our rep)rt. We are
independent ol the charitabÈ company in 8￿r{jan(l th8 eihical requirements that are rekvanl lo our auclit ol the financial slalem?nts in the
UK, in¢ludiw FRCS Ethical Standard, and have fUlf￿*d )ur other ethKal responsibil￿e5 in x¢ordance these ￿qulre￿ents. We
belie%e Ihal the audit emdence we￿e obIa￿d ￿ sthnl w)d apwopriate lo prtmie a basts our opinion.
Con¢lusion$ relatlng to golng concern
In audits'ro the financial statements. we have conclud&J tral Injslees, use of the gO￿g concwn ba￿ of aLxountitvJ in the preparGtion of the
fin8ncial 51aleFnents B appropriate.
Based on the wvrk we have perfomRd, we have not 1dertif￿ any rnaterfal un￿rtainlieS relatirrfJ to events or Cond￿[1￿5 tha¢ indlvidualty or
colledively, may ca91 wgnrf￿anI doubt on the tharitatle Lyjmpanls abilty lo continue as 8 goiro ￿n(￿n ol al kasl Nvelve t￿nthS from
vthen the finali￿al slaltiiithls ale tsulliv￿ kswJE.
Our ressKJn&b1l￿'￿ and the ￿￿n5￿lIrtIoS ofthe tNsle85 *i1h reyd lo g)nw a￿ in the re￿v￿1 ￿tiOnS of this report.
Other information
The irustees are respO￿l￿e foi other 1r1c￿ab.0rn. The (thr infmbon Lryrtses the inlmatK)n included in Annual Report, other than
the financial ststenknts and our ReFQrt of lh8 IndeFendenl Auditors thereorL
Our opInK￿ on the financial slater[￿ts dces not cover Ihe 0￿r ir1￿81￿￿ and. exw lo extenl olhemise eXpl￿1￿Y staled in our report, we
do not express any form of 8S$uran￿ o)ndw8ion ther￿n.
In connecii)n with our audit ol It￿ fin8ncial ststements. our reskX)nsibilty is lo r&¥J the other ￿1(MatI)n and, in doing so, cornsKler ￿'hether the
other inlormalion i4 materially inconslstenl wilh the f￿ancial statements or our knOw￿￿ge obtsined in the audit or othen4ry5E aptwrs lo ie
materially mLsslated. If we identsfv such makrial In￿nSistenC]eS cr appwbl material rnisstalemenls, ¥* are required lo delernine thether this
gives rise lo a material rnisslalemenl in the financial slatemenls tsmse￿e$. 11, baseAI on wort( we have p&rformed, we Conclude that Ihere ￿ a
rnaterial m￿stater[￿nI of this otherinformatKx4 ¥￿ are wuired lo re￿rtthat18ct WB have nothing t) ￿pOrt in this rg3ard.
Matters on whlch we are r&]ulred to report by exception
We have nothing to ￿port ￿ respect of the f￿th￿ng matte15 where IIE ChJiti'es (Arrnunts ￿ Re￿rts) R￿ulati[)nS 2008 requifes us lo rekKrt to
you if, in our opin￿n.
the infOr￿l￿n gNen kn the Rewrt Trustees 15 Ir￿￿Ls1entITr any material reS￿￿1th thefiwual State￿nts,. LY
Ihe ¢haritatAe ￿MpanY ha5 rK)I kept adequate axountmg te(xKds.'
the financial stalernents are not in a3reemeni wth the ￿rdS and retum& rA
we have not received all the InformatKin and explanatK)nswe requi￿ for our aLhJiL
Re8ponsibilili6s 01 tru51ees
As explained r￿te fully in t1￿ Staiernent of Trustees, ReSp￿sibilit￿$, t1￿ trustees are dso the dweLXors of the charitaNe company for the
purposes of rxjmpany lawl we re4K)nSIb￿ lor the preparats'cfi of the fin￿(1￿ slaternents and frK salBfied that they gNe a true and lair Mew.
and for such intemal control as tke trustees detem11￿ is ne￿$&r1 lo enaNe ts preparati¢M of f￿anC￿ slaternents that are f￿ from materi
mi55late￿tnl, whether due lo frwd or error.
In prepariTrJ the finJ)cial statements, the injslees are responsiNe ￿ asse&s[r￿ L*aiitatle alxlty to LX)ntinue as a going concem,
disdosirwJ, & applicable, matters related lo going concern and usiry the gowig con￿rn basi4 of acLounb'ng unless the Iruslees eithe. intend lo
qU￿ate the Charitab￿ company orlo ￿aSe0peratiOns. or have no realistiG allerrotive but lo do so.
Page 4

th
B rdhan Research and Education Tr
Rotherham
stof
Our responsSbllilles for the audll of tho fin￿¢181 statements
We have been appointed a5 auditors Und￿ ￿K)n 144 Charitw Ad ￿11 th reFryt li w)rdance vrith Act and rebvanl wulatK)ns
made or havTng effeci Ihereuncer.
(Jjr obiectives are lo obtain reasonable assuTan¢e abjjt vthether ts financial slalements as a are from malerial misstateTnen1. whether
due lo ftaud or error, and lo issue a Rew¥1 of the Independent Auditors th31 indudes (xjf Opin￿n. Re&rMable assuran￿ FS e higi IBvd of
assuran￿, bul is not a guarantee that an auLII condwled in ac£ordantr ISAS IUK) wll a￿ayS detect a material misstaternenl when il 8xK%ts.
Misslalernents can atise from fraud or errcf and a￿ considered maerial rf. individualty or li the aggwate, they C￿&3 reasonably be eypeded lo
influewe the economic deci%￿n$ of users taken on the b&8is d Ihese financial ststements.
The exlenl lo wh￿h our prcttdures are capabk of d*cbr¥J irrèJulariles. fra￿j is det&knY ￿(vI..
Enquiry ol rnan￿￿ent around and potenb'al lityation and daims fraMI'.
Reviewng rninute5 of meel'rrfJs cflhc6e chafged ￿1th governano..
Revi￿￿9 financial Stat￿nent dis¢knsures k) assess ￿pIlan¢tWtth aKO'cth l•$ regulath)ns'.
Performing audit work over Ihe risk of man4ement ¢MryKle ol tlntrols. revithvof cashbook transaction5 and other adjustn￿nts
fly appropriateness and eiauatsrrfJ Ihe busirws ratK)naleol ￿s￿jr¥￿n1trartsac1KlnS outside the nlymal course ol business.
Because ol inhttent lirrilab.ons Jl an there i5 a risk IIHI we *ill ml thct all wr83ulanties, induding t￿tse le*Jing lo a material
MISStste￿nI in the finanoal ststements or n￿￿o￿￿ka￿e V￿1h f9jL￿at￿n. ThL% rBk 4Kreases the rmre thal,x>mpliance with a law or r￿lat￿>n is
removed from the events and Iransactv)ns reflect& In the firthcd Ststen￿n1s. a5 less lik* lo become aware of instsnces ol
non-complian￿. The risk is a￿0 greater [￿jard1￿j cxrAJThiThJ due lo fraNi rather th￿ error. a5 fraud inv(Aves intenb.onal corKealmenl,
forgery. ccAlusion, 0￿￿510n or mi8repre5entslMM.
A further description of our responsibilibes the audit ol Ihe fi)aKial stalernenLs is kuted on the Fina)oal Rew)iing CounLllfs ￿bSIte al
www.frc.org.uklaudilorsresF()nsibitsb'es. Thi5 d88CriPtw I¢)M￿ pwtof ourRepyt of the lThlwtthlAuditors.
Use of our report
This report ts made sobly lo the Charitab￿ ￿MpanIS trLEiees, as a b￿ly. in ￿rdan￿ with Part 4 of the Charities IAcwunts and Report51
RgJulaliDns 2008. audit work ha8 been undertaken so t￿1 we mgm state to IIE thatrtatle (ompanys IrLtslees those matters we are required
to slate lo them in an audilorg retort antj for no other puffj￿$e. To ￿ lullesl extent pem)itt&l by law, we do not a￿ept or assume responsibility to
anyone other than the c*arilat4e ¢OKrwany Ch￿ c(ffipa)Is trustees as a tojy. audit th. this ￿port orfor the wions we
have formed.
Kingswood Alk)tts Limited. Staluty Auditor
Chartered Accountants
Eligible to acl as an audrtor in lerffts of S8clhJn 1212 crftheC¢JnwiesAd 2CQ6
s￿1[￿js Court
Lakeside
Doncaster
South Yortshire
ON45NU
ZL
Dale".
2o2Lt
Page 5

Rolherharn
Statement of Flnancial Acltvities
Income a￿d Ex ejLdjL￿4￿
or Tho Yea
Ende
31 MarcL202
2024
Total
funds
2023
Total
funds
Unrestricted
fund5
Restricted
funds
INCOME AND ENCQWMENTS FROM
t)Onal￿nS ￿ legac
23.538
23.538
60,832
Investment inco
41.784
41,784
36,622
Tol81
65.322
65,322
97,454
EXPENDITIJRE ON
Investment management costs
10.415
10,415
10.072
Char11ab18 ￿tIvitIeS
Grants payabKg and other exwdiiL¥e
105,684
105.684
18.697
Tolol
116.099
116,099
28,769
N81 gainsllbssesl on ￿VeStsne￿ts
44,652
44,652
1135,9441
NET INCOMEIIEXPENDITURE)
16,1251
16.1251
167.2591
RECONCILIAMON OF FUNDS
Total funds brought forward
1.791.4C
1,791,406
1,858,665
TOTAL FUNDS CARRIED FCIiWARD
1.785,281
1.785,281
1,791.406
The noles form part of these tinancial slatemenls
Page 6

XQ4
14
1,464J8
13TI.
haibJ*
420,*2
15
.0711
(6,7921
413,
1,785281
1,791,
1.785281
1.791,
17
1,716.137
89.144
FarV¥*
15,645
1.785281
1,791,4L
TOTAL FIWK
1,785281
1,791,4C6
LL.-
nol*5 lorm part ol Ih•s• financial 5tal¢m*nts
Pag• 7

Bardhan Research and Education Trust o
Rotherham
Notes lo the Financlal Statements
For The Year Ended 31 March 2024
STA TUTORY INFORMATIC
Bafdhan Rese¥ch and Educab'on Twsl B a wivate tharilatde COm￿y. I￿lled by guarantee. rejistered in England and Wath. T
Ixny8nls r￿￿ter￿ number and regtstet8J off￿e adthess w be found ￿ Ihe Reix)rt cl the Trustees.
The presentslion currer￿Y Oft￿ fin￿(1￿ slaterrmts is tr* Pourkl s.diry {£1.
The c*arity conslilutes a public beneftentity &s deffined ty FRS102.
AGCOUNMNG P(XICIES
B&sis of preparing thefin8ncl8lstatwnents
The financial statements of the chaiit&4e tompany. wh￿h is a put4K benefit entity under FRS 102. have been preparoj in accordan
wth IIK Charities SORP IFRS 1J21 'A(£ounting and ReFxxtirvJ by Chatthes.. Statement of Rec0mrn2￿ed P￿trce appI￿ab￿ lo charities
preparing their accounts in axordan￿ with Fin￿(>81 Rewrlng star¥Ja￿ app￿1¢ab￿ in Ilk UK and Republ￿ ol I￿￿8nd IFRS 1021
(effective 1 January 20191,. Fin¢ncial Reporb'rg Standard 102 'Ttre Fuwaal Re￿Ji￿ng Standard applicable in the UK and Republ￿ ol
Ireland and the Companies Ad 2(NA. The fInar￿1￿ stater￿ts been prepared under the hi￿0[1￿1 ￿st cDn¥ents"on. with the
exceplK)n ol in￿lMents which are #)clthJ al ￿k8￿et value, a5 MCMJfi￿ by the reval￿￿1￿ of certain assets.
In¢om8
All income rewnised in the Slatemenl of Financial Acbviks tts ¢*arity has enbkmenl lo the knds. it is prcthbÈ Ihal the
Ilico￿ wil be r￿￿e￿ and the can LE tnea5uied [dia￿.
EXp￿diture
Liabilities are rewnrsed as expendikne as scK)n as there a kgal or 0)￿t￿￿Ve Obl￿Jat￿ln committing the tharily lo that expenditure, it
is Pfobable that a transfer of econorn￿ benefils wiu be wired in setVeRwt and #E atnount of 0bl¥Jatr.￿ can be measuod reliably.
Expenditure ￿ accounted for on an a(JJuals bas6 and has teen ￿sSffied undu headiros Ihal ￿regate all cost related lo the cal￿Ory.
Where ￿$ts Cannot be direcdy attributed to pth'cular headiros Ihq ha%e teen all(￿ated lo &tMties on a basis consi8lenl the use of
resour￿.
Grants payable are payments made to Ihird palies in t￿ fiJrfherar￿ ol tre tharitatle objedNes ol Ihe Tnjsl. Sirole nr rnutti-year grants
are ac¢ounled for when eillEr fv recip￿nt has a re￿nable expthts'￿ Ihal they *ill r￿￿e the grant and the ttuste8s have agreed lo
pay the gwl wrthout condit￿n. or r￿￿￿1 has a reasonable ext*tstion that Itty receNe a grant and any t7)NJition att*iw to
the grant ￿ wtswye the control oftr* TnJsL
Grants offer%J sul4eGt lo condilijns ha￿￿ Thjt teen at ts ￿ar eThJ date ￿ notgj as a bLrt not aCc￿￿d as
expenditure.
Research exp8nditure is charged n Ihe Year￿en Ihe exFeryJ((u￿ b￿￿￿5 payal
AlloGatlon apportionrnenl ol costs
Support costs a￿ apport￿)n￿j ￿ ¢J) staf I¥[￿.
T&xatlon
The charty k8 8xemO from corporatTh lax on ts Charitab￿
Fund ￿UllI1ng
Unrestricted fvné5 can bo used in 3rxotdanc* wih Ihethth obpJNes at the dwetion otthe tr￿￿tee$.
R&slricted I￿)d$ Lxn onty used for patti¢ular ￿tr￿ted txJrtKJses tyts Lrftt* charity. Reslricbons arise when SFecrfvJ by
the donor or when hJThJs are rai%ed for partiojlar restricted purtt6es.
FurthereX￿a￿at￿In ol the nabJre aThJ pwp%eofe&h fund inckmkl irn t￿ to the finarrid staterrtnts.
Inveslrnents
Fixed assel investrnents are Incl￿ in ts fffianryal slaternents al lair Val￿ (cpn markel val￿) and gr￿ inveslThThl income k8
included on a receivable basis. Realised *d unrealised gains and losses C￿ investrnenls r￿ed ￿ets are dKlosgJ separ*ly in the
ac¢ounls. Any gar6 or bss85 are iaken lo the statement offi)ar￿jaI a(iMi*a &$ ty aw.
Flnan¢id instruments
The charrty onty holds bas￿ ffnancial ￿￿trUments as ¢kfined by FRs1￿2. Tr finarKaal &sets and fma)Ck4 liabililies of the and
li measurement bask5 are a51011
Page 8
conlinued...

Rolherham
Notes lo the Financial Statements - continued
For The Year Ended 31 March 2024
ACCOUNTING PCiICES- contin￿d
nancid Snslrumemls
Financial assets - trade and cther debiors a￿ fin￿(>￿ instnThents ￿ are nstruments measuray al Jnortsed cost.
Prepayments are not financial in5trurMIs.
Cash al bank- da&sffied as a finaTroal iwlrurnenl and masurgj at kn vabJe.
Financial liat4'1thes - trade ttedrf(45, a￿rU&8 other ueditors we fffian￿ instru￿nts, and are ne&sur&J al ￿￿*Sed WSL Tw811
and social security are not indvc*d in the f￿￿(9a1 inStnJ￿nts disc*6ure definition. Defeffed income is nol deerrEd lo te a financial
liability, &s tlk cash setuemenl has alrety taken KAa￿ and there is an obINjati￿ to delNer services ra1h￿ than cash or anolher financial
Instruff￿nI. Public benefft en(rfy concessionary S)ans are In￿alty rwntsed atTr amount receN& me (￿r￿l¥j Val￿ L8 SUDsequenlly
jU5ted lo reffecl any ￿tUed mkFest
DNTIC￿s AND LE¢￿ClEs
2024
2023
Donated ￿earCh Income
23,538
60.832
INVESTMENT INCCIIE
24
2023
Income from listed investrnents and nvestmenldepjsils
DeFosil Mnl intere51
41.783
36,405
217
41,784
36,622
INVESTMENT KINAGEMENT COSTS
Investment m￿￿j￿8n1 costs
2024
2023
PortfdKs man4emenl
10.415
10,072
CHARrrABLE AGTIVITIES cc6rs
Grant
funding of
activities
(see note
Direct
Costs (see
nole 7)
Support
costs (see
note 9)
8)
Totals
Grants pa￿e and oLherexpenditiJre
32,151
63,5
9,937
105,684
Page 9
continued...

Ba[dba￿￿ar¢h an.d Educatlon Trust of
Rotherham
the Flna
Clal_S_ta_teMe￿lS - contl
ear
ue
DIRECT COSTS OF CIIII￿TABLE ACTIMTIES
2024
2023
ReseJch expenditure
Support forconferences meets￿S
11,222
32.151
32.151
11,222
GPANTS PAYABLE
2024
2023
Grants payaue and other expeniltijrè
63.596
12.6751
The totsl gr*ts made durirg the rfear were as fokyw&"
2024
2023
Team building grant
Grants lo indi￿dUal$
Gr￿ts provided no ILwer requir8J
13,596
50,000
1,945
14,2601
SUPPORT COSTS
Governance
costs
Management
Totals
Grants payable and olher exFathJre
5,377
4,560
9,937
Supwrt u)sts. includ&J in the a￿￿e. we & foknbE.'
2024
Grants
payable
and other
expenditure
2023
Total
activities
W&Jes
Other office costs
Auditors, romuneratkin
Auditors, remunerab'on lorTrJn Jjdit v
4.239
1,138
960
3,600
4,682
1,184
916
3,368
9,937
10,150
10.
NET INc(￿E1(E%pENDlTuREl
Nel ino)melexpenditurel is Stat￿ after cha0￿{¢r&￿tsty1..
2024
2023
Auditors, remunerab.
Auditors, rwnuneraion non audit *￿rk
916
3,388
Page 10
continued...

Rotherham
Notés lo the Financial Statements - continued
For The Year Ended 31 March 2024
11.
TRUSTEES, REMUNERATION AND BE￿s
There hrre no Ir￿teel rernUwatK￿ orotherknefits fcithe Far ended 31 2024 norfci the year end￿ 31 March 2023.
Trust88s' expen
There were rK> tru5t* travèl expgnsgs or Pa￿ diwty to any b￿¢0￿ for tro ygar gnd&J 31 March 2024 for th8 year
ended 31 March 2023.
12.
STAFF COSTS
2024
2023
Wages and sala
4,239
4,682
4,239
4,682
The aw&ae nurnEer ofempbyees durirvJ Iheyear WAS a5 f0lkTh￿.'
2024
023
Adminkstration
No empbyees receNgJ etTrJlumenb in &xcw of£fJJ.CW.
ManwJwnenl Remunerauon
The key man&Jemenl personnel of t￿ thanty ￿MpriSe ihe twstees and executive ￿min￿trdIOr. The total anKJunl of errplcryee
beneffts rtteNed by key man4emenl Fer￿n￿ for theKservw lo the chty was £4.23912023'.£4.6821.
13.
COMPARATIVES FOR THE STATEMENT ac RNANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
Total
fund5
INCOME AND ENDOWMENTS FR
Donations and ￿9aCleS
60.832
60,￿2
Inv&%bnenl incon
36.622
36,622
TDtsI
97,454
97,454
EXPENDITURE ON
Investment managernenl c£6ts
10,072
10,072
Ch¥ltablè &llvltle5
Grants payable and othw exFenditure
18,697
18,697
Tota
28,769
28.769
Nel oainslllossesl on inyesiments
1135,9441
1135,9441
NET INCCIIEIFXPENDITURE)
167.2591
{67,25SI
RECONCILIAMThY OF FUNDS
Total bjnds twhl forward
I.￿8.665
1.858,665
TOTAL FUNDS CAFIRIED FORWARD
1,791,4C6
1.791,406
Page11
continued...

Rotherham
tl
14.
FIXED ASSET INVESTMENTS
Listed
investments
MARKET VALUE
Al1 April 2023
Additions
Disposa15
Revaluakns
1,377,836
181,236
1148,5011
53.717
At31 March 2ff24
1,464,288
NET B¢Xd( VALUE
Al 31 March 2024
1,464,288
Al 31 March 2023
1,377.836
The histc4ical ￿10fth8 inv&tments a131 Marth S)24 was £1.395.14312023.' £1.362.190).
The investsnent pth)IhJ is rnanag￿ behaf of by Rathl￿ I￿ent Managen￿nt, Al 31 2024, al ol Ihe
FQrtfcdK) was in￿ted in investments.
The gain on inve51menl assets in S(%A of £44,653 ks up of a realEaJ k65 of1£9.0651 on investr￿nts sold in the year and an
unrealised gain 01£53.717 to an increase in thev4L* af In￿l￿￿ts hekj alts yeareThJ.
15.
CREDITORS.. AM(xIKrs FALLING DUE WITHW (K YEAR
2024
2023
Trade credit￿S
"￿￿81 seGvrity and rAheTtsxe5
(Jher creditors
Grants payaLle
2,656
37
4.559
30,819
2,526
18
4.248
38,071
6.792
16.
ANALYSIS OF NET ASSETS BEIWEEN FUNDS
)24
Total
funds
2023
Total
funds
Unrestricted Restricted
funds
funds
Inv&%tments
Current assets
Current liab11￿.es
1,464.2&8
359.
138,071)
1.461.288
359.(64
138.0711
7.377.836
420,362
16,7921
1,785,281
1,785.281
1.791,406
Page12
continued...

Rotherham
Notes to th.e FInancial.State_r￿Dts -
ontl
For The Year Ended 31 March 2024
ue
17.
MOVEMENT IN FUNDS
Nel
movement
in funds
Transfers
between
funds
Al
31.3.24
At1.4.23
unrestrict￿ fund8
General fund
Fair Value reserve
1.775,761
15,645
16,1251
153,4991
53,499
.716,137
69,144
1,791,4C6
16,1251
I,7￿.381
TOTAL FUNDS
I.tYl.4L
Ili.1251
1.785,281
Nel movement in funds, hKlud&J Ki the abm &e as
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestricta funds
Genwal luThJ
65,322
1116,Cfj91
44.652
16.1251
TOTAL FLWDS
65.322
1116,0991
44,652
16,1251
Comp8ratrve8 for rnovem￿t In fvnds
Net
movement
in f unds
Transfers
between
funds
At
31.3.23
At 1.4.22
Unr&8lrfcloJ funds
General fund
Fair Value reseNe
1,678,924
179.741
(67,259)
164.C4J6
1164,0961
1,775,761
15,645
1.858.E65
{67259)
1.791,406
TOTAL FUNDS
1,858,e65
167,2S9}
1.791.406
ComparatNe nel Mov￿ent in lund& TrickJd&J wi th8 are as fdlcths:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unreslrlcled lunds
General fund
97.454
128,7691
I1￿,914}
167,2591
TOTAL FUNDS
97.45d
{28,7691
1135,9441
167,2591
Page 13
continued...

Rotherham
NoJe_Ito_Ibe Finanoial_Stat?mgPIs - oo_DIIDllg_d
For The Y•ar Ended 31 March 2024
1&
¥4
RELATED PARTY DISCLOSURES
There were no relthl pwty tra￿l￿a￿￿s forth8 year 31 Marth 202412023: None).
19,
ULTIMATE C(IYTROLLING PARTY
The is ukinN9tdy l￿tr(￿ by ts r￿t￿$. No iTraMdud meth has c£thl.
Page14