REcIsfERED COMPANY NUMBER: 09454235 ngland Wklesl REGisfERED CHARITY NU.MBER: 11631M4 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL ATEMENfS FOR THE YEAR ENDED 31 MARCH 2021 FOR THE ROMAN BAThS FOUNDATION Case ACCOtIng Ltd. C¢pen Pa S(yJth Chipr*nham Wiltshire SN140SY
THE ROMAN BATHS FOUNDATION CONTENTS OF THE FINANCIAL sfATEMEfylS FOR THE I'EAR ENDED 31 MARCH 2021 Page Report of the Trn5tets IR(kpendent EXaMineS Reyort StteJneDt of Acttvitj Balance She Note5 to tht FIRantig1 Staternents 7 to 11 Detaikd Ststemthi offwn¢il Adivities 12
THE ROMAN BATHS FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021 The tn]ses wljo are also directors of the charity for the of the cOmnItS Act 6. presetrt their re]Th with the finonciai statements of the charity for the year ended 31 March 2021. The trustees have adop(¢d the provisions of Accounting and ReFM)rting by Charities: Statem¢nt of Recommended Practice applicable to Charities preparin8 their ac¢ounts in accordance with the Financial Rep)rting St8ndaTd app]ile in thc UK and Republic of Ireland IFRS 10?) (effxtive l January 20191. ORJEcfivES AND AcnviTIES Objedives #nd aims The charity w&5 estsblrshed with the folwIng otye¢ts for the benefit of the pvbli¢'. to pn)moK prE5esve, develop. maimain and man2ge the Roman Baths and Purnp Room o)mpleK Bath, Unit Kingdom and ail buildings. monumenL% wllections, Strudures and archalOgIC rcrnwThs and artefxts ppunenant to or asso¢iatcd Iwh¢ther by ko¢iryL hiswry orothrywisel with th¢ 5am¢ Igether. Ihe Roman Baths'l.. andlor - to adv8nrx th¢ educa¢10 interest arKI ap{¢110n of B¢nernl bIl¢ with resp to the Roman Bath& aD(Vor to advance and support asws of p)pularand adeMiC study th¢ RLNnan Baths fvthe educ10[ and wider benef2t ofthe general public, includin8 (bu¢ not limi tol the d•SVY. investiWiOn and protxtion of archaeological remains and artefaets: andlor to pursue such other charitsble purpos¢s kneficiil the public and con5iSMt with the Objeus abov< as the Trustees shall in their absolute di5crrfion detumin¢. When reviewing the charity's wms and objefflives and planning &tivi¢ie& the Tnw have h&J due re8ar to the public knefii 8uidAnce published by the Chariues CommÉssion. Slgnillcant getlvltles The board of trustee5 met three iames dwing ihe yetr. Due physi1 distancing requirements nttessitstsd by the Covid.19 pandemio the July ?O?O meetin8 and Annual General Meeting were held in the Pump Room, the October 20?0 meeting in ihe Vi¢ff)ria Art Gallery the Februw 2021 meaing by Zoom. Ai the Annual Genernl Meetin& the tenns of office of electeA trustees Pder Denrt Michael Forsyth, Fiona Pollard, Alexandra Steffcn5en and Jane WLW)dward ajl expired. Pew DavenwrL Michael Forsyth and Fiona Pollard St)d for re-el¢ciion and W¢Te appointed nem con with Fiona Pollwd Rturning io the Chair. AlexaThJrn Sieffenwi and Jane Woodward did not stand for reelectÉon and rre thked by Fiona Pollard for their contributions to the Foundation's work.. Bh & North Eh5t Somersd Council wiihdmv CoUnlI0r pe Turner and Manin Shiel(ts a5 its rK)minated trustees 8nd replaced them with Coun¢illor Sue Crni8 David Baker. 4 Roman Baths ixaming Workshop IxJcr. The ix)ard appointed Peter Turner. now no longer a locd &udKSrity coynallor, as an clected tNStee nem eon. Durin8 the year some tnL51ees attended the Roman Baths to wilness the difficulties experienced in retrieving wins from the c.ircular Bath. Some trn5tees also attendd the Pump Room to help sorL count and bag ¢oins and take th¢m for banking. ACHIEVEMENT AND PERFORMANCE FundNi5ing ¢¢tvltles In ?0?0121 ihe focus was on n8gating the fimdrntsing ch&llen8es as a tesuh of COVIl19. Brfore COVID, income souwes heavÈly relied on thnation5 from visitors Lx>min8 to th¢ Roman Baths. Wath the Site Clos this Mnt a renewed focus on digits] income srrtams. For ¢xampl< in 2020121 the income from optional donations on top of tsckets iThcre&sed by +2?Iyo a)mpared to 2019r20. Fundraisin8 actity continLn4 for the The Archway Fwoje¢Y. be known as the Clore t¥mIng Centre and Worid Heritage Ce[rt. Thue was a Si1]fan1 grant from Gwfield Wt0ft of £50,1 #Thj a t8rge donation from an Indidual of £IOO.000 WordS the new Clore Ltaming Centre. The Clore Duffield Foundation also awarded the Roman Baths Fout)dation £25.(K#) from the Clore Cultural Learning Fund. to &ssist ihe Roman Baths Leaming and Participation team wth delivery of Xtivitie5 during the pandemi¢.
THE ROMAN BATHS FOUNDATION REPORT OFTHE TRUSTELS FOR THE YEAR ENDED 31 MARCH 2021 FINANCIAL REVJEW Reserves Wblicy li is the poliry of the Foundation to sel aside unre5rrictrd fimds provide ffserve5 in order to proteLt its tUre operations from th¢ effects of any unforeseert VarEIDn5 in its income strt4ms or ¢xpendilure. In li¢)e with g(d practi¢e and K)und financial managemenL the trustees tlId up the FourKlatton's reserves to enable it to Meet its Objects in suptK>rt of the Roman Bath5 at Bath. srRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its memoruM articles of as51&11 as amend by Speci resolutiot)s ott 16 March ?015 and 19 April ?016. On 24 April 2017 by Special Resolution the ffiL#e¢5 increased the maximum llltmkr of eIred truses from nine eleven. ReernitThent and AN1ntMent of new Trustte5 New Trustee5 are Ircntittd by existin8 Tru51¢¢s. REFERENCE AND ADMINISTRATIVE DETAILS Regi5ter¢d Cornpany numbtr 09454235 IEn8land and Woles) Registered Charlty thvmber 1163044 Reglstered olfiee Pump Ro)m s11 Street Somerset BAI ILZ Trnsie Eletted Trustees A J Bee50n A R Sff¢nsen P A Davenport M G Forsyih F A Pollard J L wClWard S Mac(k)nald R M Ha]ton M England PJMTumer - ffsigned July ?O?O - re4le¢ted July 2020 - reryeIeed July ?OJ - eleCted July 2020 - resigned July 2020 - elected July 2tr20 - elected Ju]y 2020 TTUStees #ppointed by Blth *ttd North East Somer5et Coyndl Councillor P J M Turner - wiknwn July 2020 M Shields - withthawn July •OJ) Councillor S G Crdig - app)inted July ?0 D Baker - apw)inbJ July 2020 Jndependent Eximiner T R Cose FCA IICAEW) Case Accounitng Lid. 20 G(K)dwood Way Cepen Park South Chippenham Wiltshi SN140SY
THE ROMAN BATHS FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 MARCH2021 Approved by ordcrof the tt4rd ofm&ets on...... . ........... ...................... wd on its beha]f by.. F A Pollard- TrU¢t
INDEPENDEiYf EXAMINER'S REPORT TOTHE TRU8 OF THE ROMAN BATHS FOUTrDATION Independent exaMineS report to tbe trustee5 of The Rom•n BAtILs Foundation {'the Compgny,) I retK)rt io the chty WStee5 on my ¢tsrnination of the accounts of the Company fortheyear ended 31 March 2021. Resn5111tleS and bASiS of Yeport As the charity's truste¢s of ihe Company {and s0 its dirrctots for the purFX)w of comp4ny law) you are Tewsible for the preparniion ofthe accounts in rKcord with th wuimnents of the Comp3nies Ad ?6 Cthe 2006 Ace). Having satisfied myself that the accounts of th¢ Com&Y are Mt rtyuiled to be alItl llnd Part 16 of the 2006 A¢1 and are eligible for iThdeFtndent examion, l in reswr of my exsmin1)n of your charity's accounts as Carried out under section 145 of the Charities Act ?01 I I'the ?01 l Act'l. In canying out my examinalion I have folkjwed the Direi0S givet) by the Charity CommissK)n UT¥ler sectioti 14515) Ib) of the I l A¢L Independent ex•miner'# ststem¢nt I have wmpleted my examirtation. I confirni that m¥tters have (¥Tre to my attention in nneCtion wtth the examination giving me cause to believe: accoui)lin8 recorth wtte Mt kept in respect of the COMIY &% Tequwoj by sxtion 386 ofthe ?006 Art" or the accounts do rtot a¢coYd with those or the accounts do eomply with the accounting rtyuirements of sedion 396 of the 2006 Act other th8n any requiremeti¢ that th¢ aOUnts give a tru¢ and fair view whieh ts a matter eornsideT¢d as part of an lodendent examination., or the aecounis have not been prepad in eordanR with the Meth and principlts of the Statement of Recommended Prncti¢¢ for a¢¢ountin8 and reIng by charities (applicable to ¢hartiies preparing their accounts in accord#nL% with the Finartcial Rep)rtin8 Stthjtrd applirAbk in the UK and Republic of Irel8nd IFRS 102)). I have no coneerns and have come &ross no other matters in connection with the examin10ft to which artention should be drawn in this p)rt in order en&ble a p1operunder1Thg0f the ?ounts to bc rtxhed. T R Cose FCA IICAEWI Case Accounting Ltd. 20 GoodwcA)d Way Cepen Pthrk South Chippenham Wiltshire SN140SY Date.. Page 4
THE ROMAN BATHS FOUNDATION srATEMEYI T OF FINANCIAL AcfiviTIES iYCORPORATING AN INCOME AND EXPE]YDrruRE ACCOUND FOR THE YEAR ENDED 31 MARCH 2021 2021 Total nds 2020 Totsl funds UnrE5tricted Restricted funds INCOME AND ENtK)WMEKfs FROM Lk>nations and k8acies 217J41 26,915 EXPENDITURE ON Raising fimds 975 975 Charltable *etivltle5 Grdnts to in$tiilltiODS 395WI 180.420 Cxher TolAI 396072 186,301 NET INCOMEMEXPENDITURE) 106 (18&637) (179J31 } 1159,3861 Transfers between fvnds (5x949) 5&949 Net movement In fund¥ (49J43) (129h88) (179J31) {159,3861 RECONCILIATION OF FUiYDS Tntal fuTrd5 brought forward 317h26 397J07 556.893 TOTAL FUIYDS CARRIED FORWARD 187.938 217.976 397,507 The note5 fomi part of these financial statements
THE ROMAN BATHS FOUNDATION BALANCE SHEET 31 MARCH 2021 2021 CURRENT ASSETS Debto Cash a( bank and in hand 27J60 191.030 320 397,583 218j 397,903 CREDrroRS Amounts f]irtg due within oneyear (414) 1396) Nrf CURRENf A&SETS 217.976 397,507 TOTAL ETs LESS CURRENr LIABILITIES 217976 397J07 NET ASSETS 217976 397.507 FUNDS Unrestricted funds Restyicied fvnds 301138 187.938 79,881 317.626 TOTAL FLJNDS 217.970 397,507 The ¢harirable company is entitled to exemption from aJIt utKler Section 477 of the Companies A¢t 2(KJ6 for th¢ y ¢nded 31 March ?0? l. The members have not ]Yquired the company to olmain an audit of Èts financial stat¢m¢nts for the year ended 31 March 21PI in a¢mrdan¢e with Se¢tion 476 ofthe Compatsies Att ?. The tNstees acknowledge their resTX)n5ibilÈties for (al ensuring that the charitable company kws accounling ]xord5 that ts)mply with kntions 386 and 387 of the Companies Aci 2006 and prepatin¥ financial whith give a aTHI fair vÉew of 5thre of affaiT5 of the charitable company 8$ the end of each fInala[ year and of its wlus or deficit for tb financial year in accordance with the T¢qUiTements of Sections 394 and 395 and which othmvise comply with the requirements of the Companies A¢1 ?006 relating to financial sMem¢nt& so faras applicable th th¢ dwitable ¢(wpMoy. (bl These fi[al statements have bw Evep8r¢d in a¢¢ord¥e with the pn)visions applicable to charitabl¢ COTnp&nie5 subject io the small LX)mpanies regim The financia] ststemthts were approved b). the Bcwd of TnLSte& and authorised for issu¢ on . and We sigmed on its by.. F A Pollard. Trustee The n(Stes forni part of these financial 5thtemts Pase 6
THE ROMAN BATHS FOUNDATION NOTES TO THE FirlNcIAL STATEMENTS FOR THE YEARENDED31 fvIARCH 2021 ACCOUNTING POLICIES Ba$1$ ofpTepAriDg ihe fiDDciI s¢temettts Th¢ financial ststem•Jis of the charitable ¢ompany. which is a public benefit ¢ntiry under FRS 102. have been prepttred in accordance with th¢ Charitie5 SORP (FRS 10?) 'Accounting and Rerrf)rting by Charities.. Stst¢ment of R0MMended Pra¢ti¢e applicable to charities pryiThg their accounts in w)rdAnce with the Financial Rew)rting Stsndard applicable in the UK al Republic of Iland {FRS 1021 l¢ffective l January ?0191', Financial Rep)rting Standard 10? Tr Firwicial ReiM)rting Standard a[flible in the UK and Republic or Ireland and the ComF•nies A¢t 2006. The fitwic1 sfat¢m¢nts have been wepaT¢d under the historic cost conveniion. Ineome All income is recogDised in the Sement of Wmanci8t Actrvitie5 onc¢ the charity h&8 entitlement to the fjJnd8 It is probable that the inc4)me will be rw¢ived and the amount be Meas fEliabty. Expenditu Liabilities are recogntsed as exFnditure as Scn ¥5 thue is a le821 or obligation committing the charity to exjxnditawe. it is probable that a transfer of economic benefits will be tYquir&J irt settlement and the wnount of the obligation can b¢ measured reliably. EXdIlyre is accounted for on an ¢nlS basis and ha5 been classified under headings th&t 888re8ate ajl cosi relad to the catesory. Whe¥e Costs canrK)t be direcdy attributed w particular headitt8s thty have been lOcated to xtiviti¢s on a bASiS consistent with the use of rcsoufL¥S. Grnnts offer¢d subject to conditions which hove not been met at th¢ ye4r dote •$ i commitsnent but rK)t accrued as experKlitur¢. Taxatlon The charity is exempt eorwwBtion t&¥ on its Charitsble activiti¢5. Fuud Aceountln8 Unrestyirfed fvrtd5 be used in accc¥dCe the eh•rithble objeaives the diseretion of the trustees. R¢strithd funds only be used for Wiculv rn$trid pufFs within the 0.ects of th¢ charity. Restrieti0ThS arise when specified by the thnoror when fid$ are ratsed for particular restri¢1 puryoses. Furtherexplartation ofthe tthre and PUIFW of each fund is includeAI iti the tK)tes to the financid sfdements. TRUSTEES, REMUNERATION AND BENEFITS There were rKTr trustees. Rmunerntion tr other Ixnefits kn the year a)ded 31 M8rch 2021 nor for the year ended 31 Mah 2020. Trvtte4' expeues There We tnle¢s. expense$ ld forthe yur ended 31 Marth 2021 forthe yearended 31 Mw¢h 2020. Pa8e 7 i>Jntinued...
THE ROMAN BATHS FOUNDATION IYOTES TO THE FIliAYCIAL STATEMEM5- eontinutd FOR THE YEAR ENDED 31 IblARCH 21J21 COMPARATIVES FOR THE sfAIEMENf OF FINANCIAL A1VITIEs unrestrict Restricted funds Total fimds IIYCOME AND ENDOWMENTS FROM tknnaiions and l¢gacies 8.823 18.092 ?6,915 EXPENDITURE ON Raising fimds 241 4.419 4.660 Charltable #ttfvliltt Grants io insiitutlons 180,420 180.420 Other 1221 Tot•1 1.462 184.839 186.301 NET INCOMEI(EXPENDITURE) 7J61 1166.747) {159.3861 RECONCILIATION OF FUNDS Total fvnds brought forrd 71520 484J73 556.893 TOTAL FUNDS CARRIED FORWARD 79,881 317,626 397J07 DEBTOILS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 payments and aecrud irto)n 27J60 320 CREDITORS: AMouNfs FALLING DUE WITHIN ONE YEAR 21)21 2020 A¢¢nd ex8¢5 414 396 eontinued...
THE ROMAN BATHS FOUNDATION NOTES TO THE FINANCIAL sfATEMENIS- eoDtinued FOR THE YEARENDED31 MARCH 2021 ANALYSIS OF ASSETS BETWEEN FUNDS 2021 20?0 UnrE5trictsJ R¢styi¢trd fimds Curreni assets CuTreni liabiliiies I.93& 218J90 (414) 397,903 {396) (414) 30.038 187.938 217.976 397.507 MOVEMENTIN FUNDS Na movemcnt in funds Transfers Al Ai 1.4.20 Unrestrfeted General fund 79J81 106 {&S.949) 30,038 ReMrleted Archway Project Clo]r lurning Cenire only 317kn26 QIOW7) SS949 102.938 317 {18W7) 5S949 187,938 TOTAL FUNDS 397 (179] ) 217,976 Net mov¢meni in fid% included in the ab)ve are 05 follo. Incomin8 Mov¢m¢nl in fimds Unrestricted Genernl fund (1372) Re5trlctvJ funds Archway Project CIL>Te Learning Centre only 184J63 25.iKKb {395.IW) {210ffi37} 25 209J63 (39S.th)) {18W7) TufAL FUNDS 217J41 (3W72) (179WI ) ¢ontinued...
THE ROMAIY BATHS FOUNDATION NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 MARCH 2021 MOVEMENT IN FUNDS- o)ntinued comratIveS for movement in fuD( Net movemtht At 31.320 Atl.4.19 Unrestricted fund5 General fi]nd 72.520 7J61 79,881 Restricttd Archway Project 484J73 (166.7471 317.6?6 TOTAL FUNDS 556,893 (159J86} 397.507 Comparative net movernellt in fill5, in¢luded in thealMTrve are as follows.. InmIng resouJr¢s expended Movement tn fvod5 Unrestricted tndS Genera] fund 7.361 Restrieted funds Archway Project IS.}2 {184,8391 {166.747) TOTAL FUNDS (186,301) (159.386) A currcnt year 12 month5 and prioryear l? mondLS combined p)sttion is a5 follows: Net Transfas rnovemen¢ in fimds At 31.3.21 Ai 1.4.19 fuT Unrestricted fuDd5 Generdl fund 72,520 13.467 (55.949) 30.038 Restritt*J funds Archway Proje aore Leaming Centre only 484J73 {377.3841 •5,000 55.949 162.938 25,000 484i73 55.949 187.938 TOTAL FUNDS 556,893 {i38.917} 217,976 Page 10 conlinued...
THE ROMAN BATHS FOUNDATION NufES TO THE FINANCIAL STATEMEN75- FOR THE YEAR ENDED31 MARCH 2021 MOVEMENT IN FUNDS- continwd A year 12 monttLS and prior year 12 months combined nd movement in Incl in the alrfTrve are as follows.. InLx>ming Rtsourtts Mov¢meni in fi]nds UDreslrieted fvnds Generdl fvnd 16,801 {3J341 13,467 liestrlcted Archway Project CIorE Learning Centre only 1579.8391 1377J84} ?5.000 25.CrfJO 227.455 (579.839) 1352.384) TOTAL FUNDS 1583.1731 1338.917) Anhw#y Prnjert The Archway proj is the firsi projea the Found&tion is SUPWin8 through fundMsin8 to e5tsblish a ncw Clore Learning Cenire will transforni the Romttn Baths, learnin8 offer #nd Wodd Herita8e Centre for Bath that will t¢ a free facility forthe city. Clore LeArnlng Ctntre only Clore Dufficld Found10 awarded the Roman Baths Foundasion £?5.CKN) from the Clore Culturnl Le4min8 Fun¢L to &S5iSt the Romon Baths Learnin8 and P8ni¢ipAtion team with delivery of xtiviti¢s during the pandemic. Tran$fer3 b¢¢ween fvnd• The tr4fL5f¢r repJrsent$ 4 re¢las5ified restric*d &)rntion m&k in the fi[¢1 year dIng 31 Mah 2016 ¥ards ihe Archway projecL RELATED PARTY DISCLOSURES Th¢re were trb) Mlattd pAny tyansactions for the yearathd 31 Mar¢h 2021. Pagell
THE ROMAN BATHS FOUNDATION DETAILED sfATEMEIYT OF FINANCIAL AcfMTIES FOR THE YEAR EN4DED31 LMARCH 21121 2021 Ir4coME AND ENDOWMENrs Donations and leyeles Donations Gift aid 26,017 898 27J28 217J41 26,915 Toiil In¢omin8 rejourtts 217J41 26.915 EXPENDITURE isini donailons and ieyci Fun4haisin8 costs 975 Charitable artivltles Grants to insiiiutlons 180,4?0 Support e09ts M9nAgemeni Sundries 406 Finance Bank & financ¢ 420 406 Govern*Dce costs Independent examiner Legal fees 396 13 427 409 Tothl resources expended 396Jn 186,301 N¢t txpendltsre {179J31) (139,3861 This ge d( noi forni part of the5 falai sthtemts Pa8e 12