REGISTERED COMPANY NUMBER: 02243673 (England and Wales) REGISTERED CHARITY NUMBER: 328452
Bardhan Research and Education Trust of Rotherham
Financial Statements For The Year Ended 31 March 2025
Bardhan Research and Education Trust of Rotherham
Contents of the Financial Statements For The Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Report of the Independent Auditors | 4 | to | 5 |
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 13 |
Bardhan Research and Education Trust of Rotherham (Registered number: 02243673)
Report of the Trustees For The Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's purpose, as set out in the objects contained in the company's Memorandum of Association, is the furtherance of medical science in the field of Gastroenterology. To further its aims the activities of the company have continued to relate to the administration of funds generated by Prof. Karna Dev Bardhan O.B.E and funds generated from investments, and the use of these funds to fund medical and scientific research projects and to pay grants to fund medical research in the field of Gastroenterology. There have been no material changes in policies since the last report.
Details of the main activities undertaken in relation to the charity's purpose are included in further detail in Achievements and Performance below.
The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing aims and objectives and in planning future activities.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Research Projects
BRET has continued to fund Dr Iain Croall (Prof Hoggard's research fellow) with his ground breaking gut-brain axis research. In particular looking at the effect of gluten on cognitive function.
BRET has funded Dr Chew (Consultant Gastroenterologist) with an interest in Inflammatory Bowel Disease (IBD). As a result of BRET's funding Dr Chew has been allowed to learn the technique of intestinal Ultrasound. This novel technique allows IBD patients to have a non-invasive ultrasound test rather than an endoscopy. The service is now being piloted in South Yorkshire and the launch incorporated a visit by the Lord Mayor who praised Dr Chew and the IBD team for their innovation that directly benefits patient care.
FINANCIAL REVIEW
Investment powers
The company's investment powers are set out in its Memorandum of Association. These allow the company to invest monies not immediately required in such investments as may be thought fit, subject to conditions as may be imposed or required by law. The company's investments are managed by Rathbone Investment Management.
Reserves policy
The trustees acknowledge the high level of reserves. The trustees believe that the current level of reserves is justified in order to meet the charity's anticipated future commitments. The financial results for the year are set out in the statement of financial activities.
FUTURE PLANS
The vision for BRET: South Yorkshire Gastroenterology continues to be a global centre of excellence, producing high quality research and delivering superior clinical outcomes in the local community. The influence of BRET has already resulted in a sustained National and International research platform for Gastroenterology in South Yorkshire. This type of platform attracts and builds high calibre Consultants, who in turn have the potential to generate high quality research alongside service delivery. Furthermore, there is a significant body of evidence to suggest that such research initiatives directly impact positively on clinical outcomes for patients and the surrounding community (Downing A et al Gut 2017). BRET wishes to continue and build upon this legacy by:-
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Sponsoring Fellowships - Using funds to support MD or PhD study.
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Freeing up consultant time for research - By creating research dedicated NHS consultant sessions.
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Sponsoring conferences and communities of practice - e.g. Hosting The Sheffield GI symposium.
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Further investment with the University of Sheffield to pump prime academic appointments.
BRET will fund the annual Sheffield GI Symposium which is now the largest UK Gut meeting outside of the British Society of Gastroenterology Annual Meeting.
BRET will also be supporting research sessions for newly appointed research active GI Consultants at Sheffield Teaching Hospitals (STH).
In addition, an academic appointment may require substantial funding. STH are acquiring novel Gut ultrasound technology which will require a GI Consultant to learn this new technique. Again BRET will be funding this development and this will be a UK first.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The company is registered as a company limited by guarantee, without a share capital. Its governing instrument is its Memorandum and Articles of Association.
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Bardhan Research and Education Trust of Rotherham (Registered number: 02243673)
Report of the Trustees For The Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The trustees are appointed by the members of the company. At the next annual general meeting Dr Mark McAlindon and Gehan Sri-Pathmanathan retire by rotation. They will both offer themselves for re-election.
Organisational structure
The company is governed by a Board of Trustees which is responsible for setting the strategic direction of the charity, establishing policy and reviewing and approving applications for grants. An Executive Administrator manages the day to day affairs of the charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02243673 (England and Wales)
Registered Charity number
328452
Registered office
c/o Kingswood Allotts Limited Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU
Trustees
L Vernall Dr M McAlindon S Bardhan D R Cockburn Dr L O'Toole G Sri-Pathmanathan
Auditors
Kingswood Allotts Limited, Statutory Auditor Chartered Accountants Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU
Bankers
Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN11 6WT
Investment Advisers
Rathbone Investment Management Port of Liverpool Building Pier Head Liverpool L3 1NW
Company secretarial services
Kingswood Allotts Limited Chartered Accountants Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU
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Bardhan Research and Education Trust of Rotherham (Registered number: 02243673)
Report of the Trustees For The Year Ended 31 March 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Bardhan Research and Education Trust of Rotherham for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 23 November 2025 and signed on its behalf by:
L Vernall - Trustee
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Report of the Independent Auditors to the Trustees of Bardhan Research and Education Trust of Rotherham
Opinion
We have audited the financial statements of Bardhan Research and Education Trust of Rotherham (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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the charitable company has not kept adequate accounting records; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
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Report of the Independent Auditors to the Trustees of Bardhan Research and Education Trust of Rotherham
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
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Enquiry of management around actual and potential litigation and claims and fraud;
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Reviewing minutes of meetings of those charged with governance;
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Reviewing financial statement disclosures to assess compliance with applicable laws and regulations;
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Performing audit work over the risk of management override of controls, including review of cashbook transactions and other adjustments for appropriateness and evaluating the business rationale of any significant transactions outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Kingswood Allotts Limited, Statutory Auditor Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Sidings Court Lakeside Doncaster South Yorkshire DN4 5NU
25 November 2025
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Bardhan Research and Education Trust of
Rotherham
Statement of Financial Activities
(Incorporating an Income and Expenditure Account) For The Year Ended 31 March 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Investment income 4 Total EXPENDITURE ON Investment management costs 5 Charitable activities 6 Grants payable and other expenditure Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 246 48,935 49,181 11,661 78,973 90,634 (61,567) (103,020) 1,785,281 1,682,261 |
Restricted funds £ 24,643 - 24,643 - - - - 24,643 - 24,643 |
2025 Total funds £ 24,889 48,935 73,824 11,661 78,973 90,634 (61,567) (78,377) 1,785,281 1,706,904 |
2024 Total funds £ 23,538 41,784 65,322 10,415 105,684 116,099 44,652 (6,125) 1,791,406 1,785,281 |
|---|---|---|---|---|
The notes form part of these financial statements
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Bardhan Research and Education Trust of Rotherham (Registered number: 02243673)
Balance Sheet
31 March 2025
| Notes FIXED ASSETS Investments 14 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 15 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 17 Unrestricted funds: General fund Fair Value reserve Restricted funds TOTAL FUNDS |
2025 £ 1,461,880 283,776 (38,752) 245,024 1,706,904 1,706,904 1,694,960 (12,699) 1,682,261 24,643 1,706,904 |
2024 £ 1,464,288 359,064 (38,071) 320,993 1,785,281 1,785,281 1,716,137 69,144 1,785,281 - 1,785,281 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23 November 2025 and were signed on its behalf by:
L Vernall - Trustee
The notes form part of these financial statements
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Bardhan Research and Education Trust of Rotherham
Notes to the Financial Statements For The Year Ended 31 March 2025
1. STATUTORY INFORMATION
Bardhan Research and Education Trust is a private charitable company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found in the Report of the Trustees.
The presentation currency of the financial statements is the Pound Sterling (£).
The charity constitutes a public benefit entity as defined by FRS102.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive the grant and the trustees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside the control of the Trust.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Research expenditure is charged in the year when the expenditure becomes payable
Allocation and apportionment of costs
Support costs are apportioned based on staff time.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments
Fixed asset investments are included in the financial statements at fair value (open market value) and gross investment income is included on a receivable basis. Realised and unrealised gains and losses on investments and fixed assets are disclosed separately in the accounts. Any gains or losses are taken to the statement of financial activities as they arise.
Financial instruments
The charity only holds basic financial instruments as defined by FRS102. The financial assets and financial liabilities of the charity and their measurement basis are as follows:
Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.
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Bardhan Research and Education Trust of Rotherham
Notes to the Financial Statements - continued For The Year Ended 31 March 2025
2. ACCOUNTING POLICIES - continued
Financial instruments
Cash at bank - is classified as a basic financial instrument and is measured at face value.
Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument. Public benefit entity concessionary loans are initially recognised at the amount received and the carrying value is subsequently adjusted to reflect any accrued interest.
3. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | DONATIONS AND LEGACIES | DONATIONS AND LEGACIES |
|---|---|---|
| 2025 2024 £ £ Donated research income 24,889 23,538 INVESTMENT INCOME 2025 2024 £ £ Income from listed investments and investment deposits 47,019 41,783 Deposit account interest 1,916 1 48,935 41,784 INVESTMENT MANAGEMENT COSTS Investment management costs 2025 2024 £ £ Portfolio management 11,661 10,415 CHARITABLE ACTIVITIES COSTS Grant funding of Direct activities Support Costs (see (see note costs (see note 7) 8) note 9) Totals £ £ £ £ Grants payable and other expenditure 23,040 46,981 8,952 78,973 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 £ £ Support for conferences and meetings 23,040 32,151 GRANTS PAYABLE 2025 2024 £ £ Grants payable and other expenditure 46,981 63,596 The total grants made during the year were as follows: |
||
| Team building grant Grants to individuals |
2025 2024 £ £ - 13,596 46,981 50,000 |
4.
5.
6. CHARITABLE ACTIVITIES COSTS
7. DIRECT COSTS OF CHARITABLE ACTIVITIES
8. GRANTS PAYABLE
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Bardhan Research and Education Trust of
Rotherham
Notes to the Financial Statements - continued For The Year Ended 31 March 2025
9. SUPPORT COSTS
10.
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Management | costs | Totals | |
| £ | £ | £ | |
| Grants payable and other expenditure | 3,732 | 5,220 | 8,952 |
| Support costs, included in the above, are as follows: | |||
| Wages | 2025 Grants payable and other expenditure £ 2,252 |
2024 Total activities £ 4,239 |
|
| Other office costs | 1,480 | 1,138 | |
| Auditors' remuneration | 1,000 | 960 | |
| Auditors' remuneration for non audit work | 4,220 | 3,600 | |
| 8,952 | 9,937 | ||
| NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| Auditors' remuneration | 2025 £ 1,000 |
2024 £ 960 |
|
| Auditors' remuneration for non audit work | 4,220 | 3,600 |
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' travel expenses reimbursed or paid directly to any trustee for the year ended 31 March 2025 nor for the year ended 31 March 2024.
12. STAFF COSTS
| STAFF COSTS | |
|---|---|
| Wages and salaries | 2025 2024 £ £ 2,252 4,239 |
| 2,252 4,239 |
|
| The average monthly number of employees during the year was as follows: Administration |
2025 2024 1 1 |
No employees received emoluments in excess of £60,000.
Key Management Remuneration
The key management personnel of the charity comprise the trustees and the executive administrator. The total amount of employee benefits received by key management personnel for their services to the charity was £2,252 (2024:£4,239).
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Bardhan Research and Education Trust of Rotherham
Notes to the Financial Statements - continued For The Year Ended 31 March 2025
13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Investment management costs Charitable activities Grants payable and other expenditure Total Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 14. FIXED ASSET INVESTMENTS MARKET VALUE At 1 April 2024 Additions Disposals Revaluations At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 |
Unrestricted funds £ 23,538 41,784 65,322 10,415 105,684 116,099 44,652 (6,125) 1,791,406 1,785,281 |
Restricted funds £ - - - - - - - - - - |
Total funds £ 23,538 41,784 65,322 10,415 105,684 116,099 44,652 (6,125) 1,791,406 1,785,281 Listed investments £ 1,464,288 177,277 (109,870) (69,815) 1,461,880 1,461,880 1,464,288 |
|---|---|---|---|
The historical cost of the investments at 31 March 2025 was £1,474,579 (2024: £1,395,143).
The investment portfolio is managed on behalf of the company by Rathbone Investment Management. At 31 March 2025, all of the portfolio was invested in listed investments.
The loss on investment assets in the SOFA of £61,567 is made up of a realised gain of £8,248 on investments sold in the year and an unrealised loss of (£69,815) due to an decrease in the value of investments held at the year end.
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Bardhan Research and Education Trust of Rotherham
Notes to the Financial Statements - continued For The Year Ended 31 March 2025
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes Other creditors Grants payable ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds £ Investments 1,461,880 Current assets 259,133 Current liabilities (38,752) 1,682,261 MOVEMENT IN FUNDS At 1.4.24 £ Unrestricted funds General fund 1,716,136 Fair Value reserve 69,145 1,785,281 Restricted funds Restricted Fund - TOTAL FUNDS 1,785,281 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 49,181 Restricted funds Restricted Fund 24,643 TOTAL FUNDS 73,824 |
Restricted funds £ - 24,643 - 24,643 Net movement in funds £ (103,020) - (103,020) 24,643 (78,377) Resources expended £ (90,634) - (90,634) |
2025 £ 2,714 - 5,219 30,819 38,752 2025 Total funds £ 1,461,880 283,776 (38,752) 1,706,904 Transfers between funds £ 81,844 (81,844) - - - Gains and losses £ (61,567) - (61,567) |
2024 £ 2,656 37 4,559 30,819 38,071 2024 Total funds £ 1,464,288 359,064 (38,071) 1,785,281 At 31.3.25 £ 1,694,960 (12,699) 1,682,261 24,643 1,706,904 Movement in funds £ (103,020) 24,643 (78,377) |
|---|---|---|---|
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
17. MOVEMENT IN FUNDS
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Bardhan Research and Education Trust of Rotherham
Notes to the Financial Statements - continued For The Year Ended 31 March 2025
17. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.4.23 in funds £ £ Unrestricted funds General fund 1,775,761 (6,125) Fair Value reserve 15,645 - 1,791,406 (6,125) TOTAL FUNDS 1,791,406 (6,125) Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 65,322 (116,099) TOTAL FUNDS 65,322 (116,099) |
Transfers between funds £ (53,499) 53,499 - - Gains and losses £ 44,652 44,652 |
At 31.3.24 £ 1,716,137 69,144 1,785,281 1,785,281 Movement in funds £ (6,125) (6,125) |
|---|---|---|
The unrestricted funds are available to be spent for any of the purposes of the charity.
The restricted funds are to support research in the field of gluten related disorders and promote scientific findings in the field of the role of gluten in the development of other Autoimmune Diseases.
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025 (2024: None).
19. ULTIMATE CONTROLLING PARTY
The charity is ultimately controlled by its members. No individual member has control.
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