The Roman Baths Foundation
Charity No. 1163044
Company No. 09454235
Trustees' Report and Unaudited Accounts
31 March 2025
The Roman Baths Foundation Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 | |
| Independent Examiner's Report | 5 | |
| Statement of Financial Activities | 6 | |
| Summary Income and Expenditure Account | 7 | |
| Balance Sheet | 8 | |
| Notes to the Accounts | 9 |
Page 1
The Roman Baths Foundation Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 09454235
Charity No. 1163044
Registered Office
Pump Room Stall Street Bath Somerset BA1 1LZ
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
D.J. Baker P.A. Davenport M.G. Forsyth Resigned 17 December 2024 R.M. Halton E. Kyd Appointed 22 January 2025 G. Leach Appointed 25 March 2025 F.S. MacDonald R.M. Malloy Appointed 25 March 2025 P.J.M. Turner
Accountants
Case Accounting Ltd. 20 Goodwood Way Cepen Park South Chippenham Wiltshire SN14 0SY
Page 2
The Roman Baths Foundation Trustees Annual Report
OBJECTIVES AND ACTIVITIES
Objectives and aims
-
to promote, preserve, develop, maintain and manage the Roman Baths and Pump Room complex, Bath, United Kingdom and all buildings, monuments, collections, structures and archaeological remains and artefacts appurtenant to or associated (whether by location, history or otherwise) with the same (together, "the Roman Baths"); and/or
-
to advance the education, interest and appreciation of the general public with respect to the Roman Baths, and/or
-
to advance and support all aspects of popular and academic study into the Roman Baths for the educational and wider benefit of the general public, including (but not limited to) the discovery, investigation and protection of archaeological remains and artefacts; and/or
-
to pursue such other charitable purposes beneficial to the public and consistent with the Objects above, as the Trustees shall in their absolute discretion determine.
When reviewing the charity's aims and objectives and planning future activities, the Trustees have had due regard to the public benefit guidance published by the Charities Commission.
Mission
A new Mission has been developed by the Foundation as public articulation of it’s objectives:
The Roman Baths Foundation is a part of an ongoing story. For millennia people have come to Bath, drawn here to the UK's only hot springs. The resulting legacy is a collection of outstanding national significance, an ancient scheduled monument and historic buildings that form part of the UNESCO World Heritage listing for the city of Bath. The Roman Baths Foundation is dedicated to fundraising and advocating for projects that safeguard the buildings, monument, and collections in our care, that promote education and further our understanding of this special place. We aim to:
-
Enable the Roman Baths to connect visitors to the past and support the interpretation of the collection for as wide an audience as possible. The collection includes world-class Roman objects, Mesolithic flint tools found in the hot spring through to Victorian spa equipment.
-
Support curatorial endeavour to reveal new and underrepresented narratives and champion projects that make these accessible through activities and events for all.
-
Contribute to projects that advance knowledge, that continually challenge and question and which use lessons from the past to apply to the future, through research and scientific exploration.
-
Fund projects at the Roman Baths that support lifelong education and learning.
Page 3
The Roman Baths Foundation Trustees Annual Report
ACHIEVEMENTS AND PERFORMANCE
Significant activities
Over the past year, the Roman Baths Foundation has made significant strides in various areas, contributing to our mission and enhancing our impact.
We have seen a notable increase in unrestricted income, largely due to the enhancements made to onsite giving opportunities at the Roman Baths. These improvements have elevated the visitor experience through interventions such as the revamped audio-guide but they have also boosted our financial growth in this area.
Our income derived from the sale of carrier bags by Bath and North East Somerset Council in the Roman Baths shop has also surged, thanks to a strategic change in sales techniques and an increase in the price of bags.
The first phase of our branding initiative has been completed. This effort is aimed at strengthening our brand identity so that people can identity with our mission.
We initiated a recruitment exercise for new trustees which is still ongoing. The unprecedented response of high calibre candidates reflects the opportunity for, and admiration of, the charity.
We have refocused our efforts on sharing charitable and foundation-related content across the official Roman Baths channels. The Foundation's online presence has been strengthened with an improved layout for our webpage. This enhancement has made it easier for visitors to navigate and engage with our content. Our newsletters have been revamped to include social-purpose messaging, effectively demonstrating the impact of our work. This has helped in communicating our achievements and goals, raising awareness and fostering a deeper connection with our audience.
We have developed a legacy product with associated web presence and print leaflet. These resources are designed to inform and encourage supporters to consider leaving a legacy gift, ensuring the long-term sustainability of our work.
We successfully delivered three different supporter events aimed at reigniting relationships with existing supporters and attracting new ones. These events have been instrumental in building a strong community around our cause.
We have committed to the principles of the Fundraising Regulator and have been kite marked. This demonstrates our dedication to ethical fundraising practices and transparency.
FINANCIAL REVIEW
Reserves policy
The Foundation's policy is to prioritise the annual expenditure of unrestricted funds to support activities at the Roman Baths, thereby fulfilling our charitable objectives. In line with best practice, the trustees will maintain an appropriate level of reserves to fulfil its administrative commitments. Trustees have the discretion to designate funds to support major conservation or capital projects at the Roman Baths.
Page 4
The Roman Baths Foundation Trustees Annual Report
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its memorandum and articles of association as amended by special resolutions on 16 March 2015 and 19 April 2016. On 24 April 2017 by Special Resolution the trustees increased the maximum number of elected trustees from nine to eleven.
Governance
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
R.M. Halton Trustee 24 July 2025
Page 5
The Roman Baths Foundation Independent Examiners Report
Independent Examiner's Report to the trustees of The Roman Baths Foundation
I report to the charity trustees on my examination of the financial statements of The Roman Baths Foundation for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
T R Case ICAEW Case Accounting Ltd. 20 Goodwood Way Chippenham SN14 0SY
28 November 2025
Page 6
The Roman Baths Foundation Statement of Financial Activities
for the year ended 31 March 2025
| Notes Income and endowments from: Donations and legacies 4 Investments 5 Total Expenditure on: Charitable activities 6 Other 8 Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2025 £ 31,031 159 |
Restricted funds 2025 £ - - |
Total funds 2025 £ 31,031 159 |
Total funds 2024 £ 16,506 113 |
|---|---|---|---|---|
| 31,190 670 1,975 |
- 5,000 - |
31,190 5,670 1,975 |
16,619 - 926 |
|
| 2,645 - |
5,000 - |
7,645 - |
926 - |
|
| 28,545 - |
(5,000) - |
23,545 - |
15,693 - |
|
| 28,545 | (5,000) | 23,545 | 15,693 | |
| 28,545 56,297 |
(5,000) 5,000 |
23,545 61,297 |
15,693 45,604 |
|
| 84,842 | - | 84,842 | 61,297 |
Page 7
The Roman Baths Foundation Summary Income and Expenditure Account
for the year ended 31 March 2025
| Income Interest and investment income Gross income for the year Expenditure Total expenditure for the year Net income before tax for the year Net income for the year |
2025 £ 31,031 159 31,190 7,645 7,645 23,545 23,545 |
2024 £ 16,506 113 |
|---|---|---|
| 16,619 | ||
| 926 | ||
| 926 | ||
| 15,693 | ||
| 15,693 |
Page 8
The Roman Baths Foundation
Balance Sheet
at 31 March 2025
| Company No. 09454235 Notes Current assets Cash at bank and in hand Creditors:Amount falling due within one year 10 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds Restricted income funds 11 Unrestricted funds 11 General funds Reserves 11 Total funds |
2025 £ 85,340 85,340 (498) 84,842 84,842 84,842 84,842 - - 84,842 84,842 84,842 |
2024 £ 61,772 |
|---|---|---|
| 61,772 (475) |
||
| 61,297 61,297 |
||
| 61,297 | ||
| 61,297 | ||
| 5,000 | ||
| 5,000 56,297 |
||
| 56,297 | ||
| 61,297 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 24[th] July 2025
And signed on its behalf by:
R.M. Halton Trustee
Page 9
The Roman Baths Foundation Notes to the Accounts
for the year ended 31 March 2025
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page
The Roman Baths Foundation Notes to the Accounts
Expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT which Recognition of cannot be fully recovered, and is reported as part of the expenditure to which it expenditure relates.
These comprise the costs associated with attracting voluntary income, fundraising Expenditure on trading costs and investment management costs. raising funds These comprise the costs incurred by the Charity in the delivery of its activities and Expenditure on services in the furtherance of its objects, including the making of grants and charitable activities
These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 11
The Roman Baths Foundation
Notes to the Accounts
3 Statement of Financial Activities - prior year
| 3 Statement of Financial Activities - prior year |
|||
|---|---|---|---|
| Income and endowments from: Donations and legacies Investments Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donations 5 Income from investments Interest |
Unrestricted funds 2024 £ 16,506 113 16,619 926 926 15,693 Unrestricted £ 31,031 31,031 Unrestricted £ 159 159 15,693 15,693 40,604 56,297 |
Restricted funds 2024 £ - - - - - - Total 2025 £ 31,031 31,031 Total 2025 £ 159 159 - - 5,000 5,000 |
Total funds 2024 £ 16,506 113 |
| 16,619 926 |
|||
| 926 | |||
| 15,693 | |||
| 15,693 | |||
| 15,693 45,604 |
|||
| 61,297 | |||
| Total 2024 £ 16,506 |
|||
| 16,506 | |||
| Total 2024 £ 113 |
|||
| 113 |
Page 12
The Roman Baths Foundation Notes to the Accounts
6 Expenditure on charitable activities
| 6 | Expenditure on charitable activities | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| 2025 | 2024 | |||||
| £ | £ | £ | £ | |||
| Expenditure on charitable | ||||||
| activities | ||||||
| Grants made | 670 | 5,000 | 5,670 | - | ||
| Governance costs | 670 | 5,000 | 5,670 | - | ||
| 7 | Analysis of grants | Grants to | ||||
| Individuals | Total | Total | ||||
| Activity or programme | 2025 | 2024 | ||||
| £ | £ | £ | ||||
| Learning & participation | 5,670 | 5,670 | - | |||
| team | 5,670 | 5,670 | - | |||
| Grant | ||||||
| funding of | ||||||
| activities | Total | Total | ||||
| Activity or programme | 2025 | 2024 | ||||
| £ | £ | £ | ||||
| Learning & participation | 5,670 | 5,670 | - | |||
| team | 5,670 | 5,670 | - | |||
| 8 | Other expenditure | Unrestricted | Total | Total | ||
| 2025 | 2024 | |||||
| £ | £ | £ | ||||
| General administrative costs | 687 | 687 | 411 | |||
| Legal and professional costs | 1,288 | 1,288 | 515 | |||
| 1,975 | 1,975 | 926 | ||||
| 9 | Staff costs | |||||
| No employee received emoluments in excess of £60,000. | ||||||
| 10 | Creditors: | |||||
| amounts falling due within one year | 2025 | 2024 | ||||
| £ | £ | |||||
| Accruals | 498 | 475 | ||||
| 498 | 475 |
Page 13
The Roman Baths Foundation Detailed Statement of Financial Activities
for the year ended 31 March 2025
11 Movement in funds
| Restricted funds: Restricted income funds: Clore Learning Centre only Total Unrestricted funds: General funds Total funds |
At 1 April 2024 5,000 5,000 56,297 61,297 |
Incoming resources - - 31,190 31,190 |
Resources expended (5,000) (5,000) (2,645) (7,645) |
At 31 March 2025 - |
|
|---|---|---|---|---|---|
| - | |||||
| 84,842 | |||||
| 84,842 |
Purposes and restrictions in relation to the funds: Restricted funds:
Clore Learning Centre only Clore Duffield Foundation awarded the Roman Baths Foundation £25,000
from the Clore Cultural Learning Fund, to assist the Roman Baths Learning and Participation team with delivery of activities during the pandemic.
Page 14
The Roman Baths Foundation Detailed Statement of Financial Activities
for the year ended 31 March 2025
| Income and endowments from: Donations and legacies Donations Investments Interest Total income and endowments Expenditure on: Charitable activities Grants made Total of expenditure on charitable activities General administrative costs Bank charges General insurances Sundry expenses Legal and professional costs Independent examination fees Other legal and professional Costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds |
526 96 65 687 1,288 1,975 2,645 - 28,545 28,545 - 28,545 Unrestricted funds 2025 £ 31,031 31,031 159 159 31,190 670 670 670 503 785 |
- - - - - - 5,000 - (5,000) (5,000) - (5,000) Restricted funds 2025 £ - - - - - 5,000 5,000 5,000 - - |
526 96 65 687 1,288 1,975 7,645 - 23,545 23,545 - 23,545 Total funds 2025 £ 31,031 31,031 159 159 31,190 5,670 5,670 5,670 503 785 |
Total funds 2024 £ 16,506 |
|---|---|---|---|---|
| 16,506 | ||||
| 113 | ||||
| 113 | ||||
| 16,619 - |
||||
| - | ||||
| 411 - - - |
||||
| 411 | ||||
| 475 40 |
||||
| 515 | ||||
| 926 | ||||
| 926 - |
||||
| 15,693 | ||||
| 15,693 - |
||||
| 15,693 |
Page 15
The Roman Baths Foundation Detailed Statement of Financial Activities
| The Roman Baths Foundation Detailed Statement of Financial Activities |
||||
|---|---|---|---|---|
| Reconciliation of funds: Total funds brought forward Total funds carried forward |
56,297 84,842 |
5,000 - |
61,297 84,842 |
45,604 |
| 61,297 |
Page 16