REGISTERED COMPANY NUMBER: 10735297 (England aThl W•lg1) FEQISTERED CHARITY NUMBER: 11n521 HA klonahafis Statutory Audit Chartored knouniarts Fortesouo House Court Street TrowbfKJge Wlltshtra 8A14 8FA
Roport of t Tiusey 2 to 4 Roport of Irndont AudltoY StatennI of Flnanclal A¥11198 B•lan Sho•t Cash St4twMnt 10 Moto9 10 th• Fln)¢l•l St•10• 11 IL) 20 Detall•d Slats1nI ol nala1 Actfvlll 21 to 22
mlni TRUSTEES Davld Dur(lan Geoffrey Fairclough (resigned 31.3.211 Angela Lewls Martb) Harman CBE Keziah Truny Jason DY SteFknen Tanner Naornl OelToan¢J Powell laFP)Inred 1.3.211 REQISTERED OFFICE Putt9noy Bath BA2 4DS REGISTERED COMPANY NUM8ER 1073Y297 (Erolaryl and Wales) REGISTEREO CHARITY IKIMBER 1173521 AUDITORS MHA Monahans Stsiutory Authrtor Chartered Accountants Fortoxue House Coull Str99t Wjitshire BA14 8FA BANKERS HSBC 41 Southgate Bath BA1 1TN SOLICITORS Veale Wansbcffough Vlzards Narrow (kjay House Narrow Quay Bristol BS1 4QA Cla6 Wllmott LLP 1 G8orge Squarè Bath Stroet Brlstol BS1 6BA INVESTI1 MANAGER Invesw Weth & Investment Umhe 3 Temple Quay 3 Tery)b Back East Bristol BSI 8DZ Page 1
Tr The trustees also rf10 of the charity lor the purp)ses of the Compan Act 2006, westnt thelr rwrt vAth the flnandal stateff of the chaiity for the year on¢l 31 March 2021. The tnjstees have adcptad thg provlslons ol Ac¢oun(iNJ arKI Rep)rting by CharltK8s.' Statement of Recommendod Practice a47¢•blO to clwilies pr4)aTiNJ thwi a¢Unts in ac¥xsrdanco wlth tho Flnanclal R8P)rtlng standa WAab h) thè UK arn1 Republ ol Iwland IFRS 1021 lelfective 1 January 20191. Th8 Ilnawal statements hav• bean prépAred in ]Ian the a(rouniirvJ p)Ildos sot out In th• )1$$ thg acwunts ard CO1) with the char4tys govemitvj document, the Cbaxities Act 2011 and Ac¢ounling and Rep)rbng by ChltiEs. Stat8mgnt ol Rgcommenijed Pralc8 to chwiti95 prgpwin9 thsir aLxounts in aoxjrdance with Ihe Flnanc4al Rep)rtlnq Standanl awicable In the UK OBJECTIVES AND ACTIVITIES Obj11¥• and •lrn$ The charltabb corr4)any has conJnugd lo its ctyJves * thg R9crgallon Ground and other slles.. tho provIsn, th N wlthout chargtr. ol wop8rty in or near Bath linduth'ng. lt not limitèd to, thè 88th Recreation Groundl lor ustr &4 IrvJLxJi Ilo assist in pVidIng andllary r8creatbn ladlttios suc as charTging ioil&t8 aThJ ¢lutrthou$8s aTrJ the like to SUFWrt oUtdCr r8rntlonal spacgl and outécl rsatla lacillri&s lor th8 beffit of the publ¢. Covkl 19 Th8 charfty n8s beèn fortunate that tt)rè Tovènue, in the lorn 012 f£smmgrdal rents, has been masntained th8 hlatus. Wo dso mand tr) d9fvor on LIKI1 lh8 now LxJilJlng at Glasshouse atsll tt 8lvJhlty later than ofvJinal The PeMIe ard sthjsgqugnt gov8mment restitltons ha had a s¥Jnifi¢anl Strpacl on our tenants and usws. Whar8 8Fvoprfat8 wè have prowded diroct support to our tènants and lieenwy users In th& lom of r9nt holJays. Where actfvity has t•8n able to take pl? Wo have [ff0v addltkjnal $UFfOrt lo ensure thls ean haFn saFely. OUT se101% programm& has 8red to wovldg (lir¥ SUPWJrt In schools with adthtKJnal coaching suwrt to assist those ChIktr tsf key w)rtefS or in nead ol telng at school. Thls is a lomForary rneasure and our $chL% programrne wlll revert to our proFerty as swn as p)ssde. In a<ldition to the a¢twty wa hav8 athjod an out ol School programm& lor ¢hlkYren at th8 row facility at Glasshouse In FArtnership wth St John's FoundatKJn and Medl(tk Gharitabl& Trust. Th8 acfvtbes undertaken ai the AecreatioTr Ground and elsewhere during th8 year are consllered by the Trustees to b8 of ¢JiTect b&nelll lo the put4b al lanJg, and thgy &)nlimi that they have had rogard to the guthnce issuwj by t Gharty CmIsSln on Wb1 b•11t and havo Idlowed thi8 in pLqnntrg and undartthing the The charitatle corroany th)8s fiot act8ty sdk411)natknns Irom and Iws no ne&J to develop lonnal p)licb$ on its lurdNsiro approach. ACHIEVEMEMf AND PERFORMANCE Charftabl• •¢tlvMI•• A team ol d4rectty eTnploy&J staff, led ty the Chief Exewtive, managè thè grounds and del91 actIvo$. With tho TNstg&s Ihoy worl( ¢k)sely hrfth a range of stakehoklers to defivgr the Charitstmo Cigcdv&s. The staff and tru5teos have pded much needed support and to cT clwity and communty network of usgrs whth has helpgj many navyate unprBc8dentod iimgs. Th& pavlllon at Glasshwsa Ptaykng Fldds 15 Thjw lo a wiJ9 range ol sdwol and cC4nmU r$WtI1 and sFKJrtyng activty., som8 ol whkh has taken a¢& vthen restri105 rmitted. In addit*)n, the Br08thl% Ortard stto, Induding a WayFork 8J7d recreatIc space, has b6gn 1151 by th& bcal conwnunity. The Inv8stment porttolhj was severety iwpacted ty the but r0Vered lin line with the markets). Thg valug ol Ihg )rtfollo at 31 Mwch 2021 was £1,135,055. The inv$stmwFt performm Trs shown in noto 13 to the fan¢441 $tatenwts. Pag8 2
Tr FIKANCIAL REVIEW R•servos pollcy tt Is the Fh)Itcy ol th8 Trustees that th9 chrtable o)mpany should hold sufficient unstrICtJ r¢servos to en18 it to meet its ongoiNJ ¢omnthnts and provide sufficient resources lo enthe it to fund any orprtunllies for the charttablg ¢ompanY5 c4)lt to bo lurthergd as tsy may arlsg. D8t8iLg ol the restricted, endowrnent and unrestrrtj funds av8ilats4& 10 tho ¢haritat4e cory8J)y at the balance sh80t dale ar8 gIn in noto 18 to these linanaal slat8mBnts. The Trusteos ¢orsithr th8 reserves postbon ai thbs dale to be salisl&tory. Th8 Tfustees Will D10 lomially sat out Ihsir long-term Fdicy on r059rvo5 oricg thoy have dear viAblity ol Incom& from kjng standirvj tgnants. Thls 16 expected to bg within tsvo years. The Inv8stmgnl Fdty15 lu a medlum to long18 investmwt a balanJ n$tnt C1to. Tho <aritatAe company Is workkng tovArds I1[11ng a rtsserve whith wrfl loW it ro remakn linandajty s6we when thg 1995 Lease lo Bath Rugby COM to an end and th6 Leisur8 C8ntre is demoli5h8d when lits expired. The charity a sulUS lor thg year 01 £373,21812020: £452,09n. Tho Charitab company r8¢8fv98 th• mai)rity ol fts oThJoing incomo from Bath Rugby Bath and Nvjrth East Somrset Councll for the ong)iTrJ use ol ts lacllil¥ès. A wgnifnI proF¢)rtion of this intt)m• rolatos to 198 grantod ty th& charltaUe ccwnpany lIch hav& an end dalè in 2069 and the Trte&S are of lh& that thls wovhyes suffuoni secu tts mitigate any tsk to Its ¢wtB)ued existence. Golng nen The Trusteès have consJ&r&J the in¥Jaci ol the C19 pandemic on the goirMJ C4)ncwn positron ol thg charitJg coryory. After looklng at the impact on the operatts ol ihe ¢harltatAe fJ)mwy and the reseryes posrthjn, the Trustees aro of the oplnlon that th9 concem basls lor the prwatton ol th6 financ1 statements18 4yroprlat8. STRUCTURE, GOVERNANCE AND MANAGEMEKr Govwntng do¢um•nt The charity wrating thTough a coffoany Ilmfjt8d by guarantee thi¢h 1$ solè TntstÈ8 018ath Recreation Ground Tru is govern8d ty a date(J 14 Drntr 2016, a Dlrection gN8n on 3 November 2017 arK1 thg tia5 01 tsscQratlc. Flocrultm•nt appokntment of n•w lrnt•o8 Th& Con¥)any r¢tOd 3 a(kllUond fX)-oyed Trnsteos c¥) 11 Saptthnbar 2019. Th& Tnjstee Ls madg of.. One Trustee nomillat8d ty Fidd8 in Trust, onè Trusleo llominat8d by SoMet Cwnty Hayiro FiehY$ Asse¢iatton and not less than three eoyled In&81988. When appinthg o).opt&J Trust88s. lh8 Trustees must: a. 4lertify the ne8ds ol thè d)arty regarding skills or kn8J• o14ts Trust8gs' and b. congdgr th& extent to whkh OFPC4ntogs demonstrat8 thlls or knowl•.' and ¢. not 8Fwint rrmbgrs ot 88th North East SomeTS8t Ccwncil. 01 tha CO-OPtO0 Trusiees. the I"rusto9s must appo1 at b8st ong wno$0 s116 gna irlIJ9 an aDI1 repl&nt those groy of ben8lici&s that use tho r8cfaRtlon ground. othar than Bath Ru. In appobnting cog)tod TnJst8ès. the Trustees rn1 have regard to the desirabilily of adverti¥ng ¢r uswig trustee Ixok8ragg sorvicos. Candxlales musl bo asked to ¢or6ldgr and ¢JKlgrg ary exL8ling or pjlontid C{t$ of interest lore a[winent. In the case ol nnated Trustees, the lSOn nominatwj shal b& aA)ointgY. In th9 ¢w of co-op¢oJ Trusto&s or In tt18 t that no caThdthe Is nominated by the nominatig within thrae monlhs of its b8#1g notified ol the vacanty, th8 person aFV)inted shall t48 sek%tod ty tho Tws1. At least thr99 01 Ihg TNsie&s musl bg rg6iJgnt vAthln S MU88 0188th ey. Thg Tr109$ are r8$p)nsle lor monlloriw the ongoong rlsks laang lh8 ¢hafftabl& crAwy. Trugos arg satIsl thai major risks ha teen rovw•J and that systems and w(K9r8S aFprcyiately 8slish&J to manJ8 those tishs.
STAUCTURE. GOVEANANCE AND IAANAGEIAEI Koy m•nogemont r•mun•r•tJon Tnjstees aro not remune¥ated by the ch8rfty. Remuneral)n l•vols ol tho ¢haritatrAe ¢cmpanis key managowt arg Set in accor(la)c¥ wrfh rna91 ralos and kq)i und8r raaW by the Tntste8S. Event8 sSnc• IM yeor ond InformatKsn rglating lo events SI 0rn101 th8 year Is gen In th& notes tts the ftrHncbal Statents. STATEklEKf OF TRUSTEEW RESPONSIBILmE8 The twstees (who are also th8 dlrectors of Bath Rron Liftte(l for thg pup)sos of rranY lawl are roSpthe lor preparfng the Report ol ihe Twst8es and the linantial statéments in accordanco Wtth alAat0 law and Uniled Kingdom Accountg Standard5 IUnit8d Kingyom Generalty h£ceptl Accounting PfactThl including FinaKkql Stamtlard 102 Financiab R9P)rting Standard in the UK and ol Ffdand. Company law w4uir8S tho tSta98 to propare linandal staiements Iof each h'nanda year whlch give a tnje and lair wew ol the state ¢f affdfs of tha ¢harilttrfe coryony and of tre Incomlng iesotsr and 8pp11¢40n of r8sourtss, Indudlng tho irwne and oyF4ndtture, of the charl8 company lor that pèrlod. In pr8pariro thc6e financi81 statsThnts, th& trust oro requir to sgla¢t $uitablB acmundng polk48s aThJ thon appty them eonsi8tentty' cl)seNe the Mail and prlnwla$ in the Charity SORP,. makg I99M8nts and esdmatOS that are asonS16 arKI prudent., prepa¥è the linancial statgmenls on the wing concgrn basis unless It Is Inoppft)paatg to presumè that the thwitthle company (tinUe in businass. The trust a reS)nsi8 lor ke8K¥ng proFer aunting f8rdS whktt dis£lose th reasonabLg a¢Xury at any Imtr the linanc4al p0SOn ol the chaTitatle ¢owy to enat4e them to onsure that the linancw stal8mgnts COM tho Companies Aei 2006. Thèy arè a5$0 r&4n81tAe for salthn9 the assets of the Charitab ¢c17)pw and ttèneè lor tthng reasonatle steps loi th& Fmenbon and deltio0 of fraud and other iriegularhkns. In so lar as th& truste8s are awarè". thgrè 18 no relovanl audlt Infornatton olwht the ¢haritable company's auditors aro unaware., 8 the irustoos have takèn all Sto Ihat they oughl to have taken to makè themse&S aware ol r8lwant aud inlom78tkJn Bnd to establish that th9 au(kt(ws awar8 ol that infornadon. AUDtroRS &j11¢[s, MHA Wnahans, wtll bg woy)8&1 lor Tè.aFpolntm•nt at thg torthcoming Annual Genera¢ Mettt¥. TNS r9POrt has been prepefftj In vthh the special provisb)n$ ol Part 15 01 the ComFonies Act 2006 r8lalkng to small o)rry1les. 2DXI ov&J by othr ol the t*Jard ol tnjsiees on ....................... .................... ar sij on Its tehall by.. Mark P¥S11- Trust80 Page 4
Oplnlon We havo auiied thè fina $tst9ments ol Bath Recrgation Lsrt8d Ilhe chathabl& ¢orrpw)11 lor the year entJ 31 March 2021 which ¢wprise Ihg stat91 ol Finafici ActNttl8S, the Balance SheBI, the Cash Flow Statement and notes lo tho financial slaternents. induthng a surmiary ol signsficani untIng w178S. The tinancw rq)ortx fram8work that ttas ba&n aM)Iled In proparatron Is aWIae law and Untt&Y Kkngdom Aount13 Standard5 Iunited lOrn Gengralty PKcepted Actountlng Practicè), ilLtsng Finanual R8wling standa 1tr2 Thg Finana Flepjrtillg StarthTd in ihe UK aThJ Rewblkn ol Irgknd,. In our opin40n thè finallaal slatem&nts'. gwe a twg arKI lair vi8w ol thg state ol thè charttab compgny's affairs as at 31 March 2021 and ol its InMg iesources and apall0 of resources, inctuding its incort and exndItur8, for the year then ended,. have tren FKcperty prspar8d in acOrdCe wilh United Generalty Actepted A¢)Unt1g Praetlce, InclLdng Finartl81 R•p)rting Standard 102 Tho Financlal Rgtthng Standard aFpl¢abfe in Ihe UK aThY ReputAic ol IrolaTrJ'; and hav& prepared in a)rdance Ihg r8quirenl8 ol the Coffpanies Act 2006. 8••l¥ lor eJplnlon We conducted our audit in ada wlih Intèinaliond Slandallls on Aud0 IUKI IISAS IUKII al atWtat48 law. lespLStles under th0 siaftdwds are lurth8I d•s¢rW in the Auditors. rospon61blliles lor tha a111 ol th9 finarnl Statomgnts secdon ol our rwrt. We ar9 iThJeFwdent of th8 tharitat4e coTroany in actordancè thè eth uirèmants that ar8 r818vant to OUT audll ol thg Ilnan¢iql statemants in the UK, Inc4uding the FAC'S Eth Sthndard, and we have fU11j our other ethical reSpOnbIlitS In ordance vhth thes8 r8cwir&mgnts. W9 bg19vg that the audti evthr we have c)n• Is sufflctsni and aFproprlare to provKYe a Ws lor cur ownion. Conclu•lons Y•knllng to golng conrn In alxliting tho finanoal slatomants, w9 havo conduLtsd thai thg Irust88S' V80 01 thè pirrfJ ba8ls ol aCuntIng In the preparation ol thè Nnancial slatom8nts Is epFO)r4atè. Based on thg work we have performgd, we have not hl9nllllI any matgrLg1 uncertalniies relabng to 8V6nis or condltion5 that. or ¢oJlthvety, may cast thjubt on thè charitabl• company'$ aLilty lo nnUe as a goiNJ ¢oncem lor a poritrj tsf at least Iw8fve rwniiKry Irom when statements are authoristrj lor issua. Cxtr rosponskntltres and the resp)nslbtlllies of the trustees wlth r8SF¢d to ryjing eoncom we dert¢d in Ihe relevant $8¢tions of this Tqxln. (Xhor Inlornwtlon The tnjsiees ale I¢$n$Ile for th& other inforrnabon. Thg 0th8r Inlorniallon ¢fYry)ri$es the bnfoMI0n Incl1 In the Annud R8Fth, Othgr than the flnan&al stat8mgnts aThY oui Rawjrt ol thb Indynd8nt Autho¥s th8r80n. Our op6nlfJ) on the financial Stslwnents (k)es not Q)V8f the othor infonnath)n ar, excopt to the 8Xt8nt oth8rviso expllraty stat¢<1 In wr report, do ntst express any fom) ol assurance ndUs1On themn. In cont)n wAth our audit of th9 fina181 8tatements. cwr rnsp)ns4bilfjty Ls to the olh&r infomiatKJn and, in thing so, conser whether the other inlonmath)n is materialty IrLonsEStent the IlnanclJ slaiemonts or our thowl&e in the audli or otherw4se app8afS lo be MaterilY fflisstaled. If we idgnllfy such malerfal irSistenO$ or alt maiorfal misstalemnts, wè are required lo detem%ne whether this gwes lise to a maloriat misslatèm8nt kn thg financial statèm¥nts Ihemselvos. 11. bAse(J on tbe wo¥k wè havè pertomed, ¢ondud6 that there is a material m55StatemgN ol Ih18 Olher inlomalton. requirffl to that l&t. Wtr have rxbthryig to report in this regard. OplTrlon• on other m8ttor¥ pr•xrlb•d by CornpAnlos Aot 2( In our0nIOn. based on the work undertaken in th8 cowse ot the audr(: thè inlormalion givon in the Report ol tho Trtl&S th& financw yw lor whlch the Ilnand81 Slem8n arè preparod nsiStent th th8 financial statomonts.. and thg Repx)rt ol the Twstoes has been prepared in awrdanee with aFPl legal requirements. M•tt•r• on whlch wo •rn Y•qulrgd lo relrt by •x¢optlon In the ligm ol tho knoWI1ge and undgrsianding of t1 chaiitabla MpanY and tts envlronmern ob1 in th& tx)uts& ol the a11. W9 have not identslt•J mat&rial ffisstat•mgnts in ReKKffl ol the Tru8tee5. Wa havg nothiThJ lo r9FQrt in ol th8 Idbwng matters ere th8 Cryies Act 2CK16 rUIreS ug lo report to you in oui Onion.. adffjLOtg a(tountkng recfjrds have not be8n W or r&wms adewate for our audit havè not been TeLeived from branches not vkltad by us,. or the nanCI statem8nts aT6 not Sn 8ore8ment wth the acwuntlng recottls and rotums,. or diloSUr9$ 01 trustees. reMer9D0n sfftfN8d by law are not mado., c we have not r8¢eivgY the inloimation and eypi&nation5 wè rg]uirg for our audll., or thg InJstaeS Were not entilled to tsko thantage of th& gy11 JMPanieS exeFfoion trom the requiremont lo wepara a Strat RoFK)rt or in wgp8ring the Rep)rt ol th8 Trustees. Pagp S
n Llml
Rvpon4lblltllos of trust••
A8 8Wain8d morg luNy In th& St8t8m8nt of Truste8s' ResF4)nsbililies, the trustees Iwbo are s? thè dirt0 ol the
chariiabfe company for tho puSeS ol ¢ompany lawl arg rgsponsde lor the pr9paratic of the lina $emnIS and
lor bdrrtJ satL8flod that they gwe a true and l&r vbw. and lor swh Intom (tro$ as the trustees det8miin& is ngC8SSWy
to enaLlg the preparatKJn ol fln8ndal atemwts that aro Iree Irom Materi msstatgmant. whoihor due to fraud or error.
In Kyeparing the lknancW stai8mgnl$. Iho tfUSt•6s are i8swnO for as8n9 the c8rlrat40 companys abilty to
contirue as a goirvj cofKom, disdosing, as matt5 related to going cyJnwfi and ugng lh9 goSng ecc•M
basi8 01 a¢c4)untiro unloss trustges wlher intend lo IK4ui
Uso of our rwirt Thi$ rer Is made $018ty to the charitat48 o)n¥Atys men&)8rs. as a btkn. In a¢(yJrdanc vthh Clwler 3 of Part 16 01 th& Corypanies N£t 2006, Our audit Tk has teen undertaken so that we mtght state io the charrtablg rnany.$ mwerg Ihckge matters wo ara rw4ulr8d to state to them in an audIto, reFKlrt and lor no other purpy)sè. To th& lullesl extent perfflitt by law, w6 do not acc8Pt or assumg r•sp)nsdIty to anYe othw than tho eharitybla company and the eharitatle coripgnys n*ntss as a ts)dy. lor our autht WO lor thls rgwt ci lor the orlnlons ws have lomwd. ar5 Gare (S10¥ 81otulory Audltor) for and on behalf of MHA Monahans Statutory Auditor Chartered Acuuntants Fortescuo Hous8 Court Sireei TroAtsKlgo Wiltshwo BA14 8FA 11 October 2021 Pago 7
2020 Total funds LknTeStrt tund Reste funds EndOw[nt fund funds Nol95 INCOME AtID Et4DOWIIENTS FAOM Donations and IwK86 39.750 123.216 162.966 471. Pr¢vision ¢1 recreation farylilie5 and SUFV)rtirvJ ev&nls consistent th the charitthe obi 379.768 379,768 400,028 Investrmnt ineoma 199 901 199901 T*)l•l 619.419 1 ¥J.216 742,635 1,076,6$2 EXPENDITURE ON Ch•r11•b •¢tivllie• Provisiofi of recreation lacillti6S and SUFfQrtlng entS eonsist8nt 605,8 605.89) 472,31XJ Net gains11105) on investsnunts MET INCOME 250.002 123,216 373.218 452.097 Tr4Mf•rn lJ•iw•on lund• 18 424 591 Nei m(bvemnl In lun 674,593 1301.3751 373,218 452.097 RECONCILIATIOM OF FUNDS Total fund¥ brought forw•rd 2,231,V29 301,375 4.110,953 6,644.157 6,192,060 TOTAL FUNDS CARRIEO FORWARD 2.906.422 4110.953 7017375 Tho notès Ic¥m part of Ih6se tinandal 81ateThnts Pago 8
FIXED ASSETS Tangltye awts Inv•8tm8nts Investnnts Inv88trrni proporty Notes 2021 2(Y20 12 3,789,776 3,275.831 13 14 1,135,055 884.078 6.624,&31 5,859.9(S Debtors Cash at bank and h hand 15 154,257 402,302 98,007 778.845 556,559 876,852 CREDITORS Amounts lallir¥J du& ithln one yoar 16 1164.0151 192,6041 CURRENT ASSETS TOTAL ASSEfs LESS CURRENT LIAoiunES 7,017.375 6,644.157 NET ASSETS 7017375 FUNDS Unr&strrtod lunds Restred funds Endovm8nt luThJs 18 2.W6,422 2,231,W29 301,375 4110953 4110,953 TOTAL FUMDS 7017375 financial statemonts have been W¢pa M accordancg tlth the provklons apKA1C• to cawitAtts corrpwies subJg¢1 to Ihg S[1 ¢ompaftios regirrB. Tho Ilnandal statem8nts app¥ovgd by thè Board ol Truees and authorised llx rjn Zv31 .. $ign8d on Its b8h8Jf by.. Mark Powell- Trust88 18y- Tws The notss form part ol those linandal staÈgmnts P9
2021 2020 Notes CaBh Ilowj trom owallng altS Cash gon8ralgd from oporatlons NOth by 0rating a¢tNhiss 22 241366 Ca•h IIDYrn Irorn inv•Jung actmt Purchasg ol tangible fix &ets Purchase ol fix asset invgstments Se ol fixed a8sg1 Snv8siments Investment 198s clmrgI Interest is( (P,207} 1276.6071 252,549 9,514 1156,9421 192,6781 63.77B 10,187 Net cash LBed In Investing a¢tNtties 174 157 Chwnp In ¢a8h and eash equlv•l•nts In th• r•portlng porlod C•8h And ¢a8h •quIVarIt& at th• 1)oglTrnlng ol th• roportlng pDrlod C••h and ¢•Jh •qul¥alonl• al ol tlw roportlng pertod 1376.5431 416,291 The notes lorn pan ol thes8 financ1 slatèmonts Page 10
ACCOUNnNG POUCIES a819 of pr¢parlng th• ftnan¢lal gtstsmonts Th& linanty statemants ol the tharitAblo conwy, whic L8 a b8nglit enbly under FAS 102, ha be8n pweparod in 8rzordanc8 with th8 Charftbs SORP IFRS 1021 'Accounling ar RaKK)rtirKJ ty Charits8s.' Staternent ol Recomffndd appJicat48 to charitles preparing thgir acLounts in atr4Jrdance with the Fwiancial Reporti Standard wcabI9 in thè UK and Republ ol Ireland IFRS 102118ffectiva f January 20191., Financ441 Rgpxjrtlng Standard 102 The FInanal R4x)ttrr@ SiaTrJard awlkable in the UK and Reputs1 ol IreLand and th& Companl8s Act 2rA)6. The Iln8nLYd statemènts have bèèn pr8ped under the historlcal ¢osi ujnventlon. th •Xp170 of inY&atmenf5 Yihkl) I[Ju(la at m&kg1 vduè. as nwthli&J ty the rffiluation o118rtain aoS&t& Bath Rw•ation LIMIt a5 & ¢haritabfe Company estoblL¥hoJ in EngLgnd and W68. In the event tsl the char0 (Aryrnpany teing wound up, the Ik2bdity in rosp6cI ol tha guarantee is thmited to £1 por fflembar ol tho cITarrtabb company. Tho athless ol the iwJslered offlce is given in the referee and admInistrate dgtails on page l of thes& financ¥al stabments. Tha natur¥ ol charttatAe c(npany's cperatrons and yinopd activllies are ijoscrbgd In thg ReFQrt ol the T19@S. The financ1 statèments havo lJg9tt Ffepared on a going eoncem basls urMJer the htstorkaf cost ¢X)nvWts, mrJrfi8d to indud9 teln it8m$ * lair value. The lunctt'onal ¢urr8n¢y ol tho charftth o)ryP8ny. the wesentalk)n c#Jrwcy ol th950 flnanci statements Is the F¥Jund slerting ly"). Th& sJnifKan¢ acty)urfng polkyes 8IWi&Y in thè weparation of Ihese ffinanclal #at8mgnts arg sgt oirt bdow. Thesa poltés havg teen nsISten11Y to all y8&s pres8rn•J unless olhgrwise stat&J Golng eoncom The flnancial statewits have begft proparaj on a gng cor¢em basi8 as trustees b8ll&ve Ihat no m8teri uncgrtwnllos exist. The trustees havè consldered Ihg level ol lunds helj and the eXwi level of income ar(1 oxpenditur9 lor 12 monlhs from Ihw linanclal stalgnnts. The b1getj and axpendituro is sUttkl wth the lavd ol resthg8 lorlhe chaiity to bo ablg 10 continue as a ooing Income All incom8 Is rwised in thg Statomt ol Frone1 Activities On the charttat4è Conwany has 9ntlt1t to the funds, It 15 wobablo that th8 income WIH bg and th& amowt ¢an bo mgasur8d roliably. Interosi on funds hekj on tYw)sil is inclujgd wfi8n rl¥ab a1 tho amount can be rnUre r¢fithy by th8 charity.. thi8 is norn1ty ftollljcation of the Int•rest l)3KI or payabkn by Ihe bank. ar rènlal Income r•¢•lv•blg Fe8s and rèntal Incomè ats re¢wls8d in th Statent ol Finandaj Acfvtttes in the refiod to whrch they reLatè. Where 18e or rantd rnrp)me ts rethv&Y or roNable in advance DI the paad to lknich h r8lat8s, its rwith)n is defe8 antt wiclu¢Jed in uedltors as delèrred in&)m&. Tho ¢hathy ta &Yvanwe ol the rellel lor Covld-19 rela18d rant ncesOnS r8wJnisod the varlablB leasg payments arlsing Irom rent holbjays in the perirxj they have en rec91v1 raihor than Sp&1 over the tam)s of the a$8. Don•llons For donations to be rèccgnis8d thè charfty 1[ have b8gn notiffigd ol the amounts and the SetOMent dai8 1 vK¢iin9. IncgJm8 retIj to Ihe settlament agreent with Baih & North East .qtsm•rs&t th¥neil to rosttsra and Improve lh¢ REGreavon fjTouna is raLY)gnis&l vthèn rel8asod ty the Council. Expilllur• Llabil(Il•s ar& rwnlsed ss 8Xkwndllurg as as Ihere Is a 18gat or construct? oblvJalKin committing the charty to that wpgnditur8, rt prthablo that 8 transler ol Wn0m tenelfts wll t wulred In sgtit8m8nt and ltr¢e amount ol thg obligation Can be m8asuied reliabty. Expondilure is awnred l¢y on an rual$ basis and has been dassilled und8r hgadinos that a03rte all eosl idated lo the catthJsry. Where costs cannot te directty attrfbut&J to partkular hoadlngs they ttave been all¢catgJ to athvhies on a basts u)nsistgnt with th& use ol resource5. Tanglblfr fixod •et Dowe(iation provKled at tho f01bn9 annuat rat8$ in ord9r to wrlte ofl each asset ¢Jv8rits eslhnat8d usgftjl life. Larnx and ddingS Glas6housg tNJikJlrv on Str*hl lints basis Pagg 11 ¢ontlnu¢d...
Fln ACCOUNTING POLICIES- Mnllnu•d Tanglblo flx•d •ts ImproveMts to Property Min6Yy and erNJFMnent 1 on r&lucing balance 25% on recIng blanc¢ No dq)r8c4ation Is targed on larxl. Assots cosiwYJ ovor £250 aro witalBe(l. Inv•trnts U61t)d iinfEStrTrFm5 Inuuoea In inè tyan Sheot ai fdr valug (Ihelr mathet vgluel. Ttte reotls•d and Unre15&1 gans on investments artt refle¢t&l In th8 StatBm8nt ol ffftarcid activiti8s as th•y 8rise. Rgalised ga'ns and losses on invesim8nts are Calculatad as ihg thfferoncg balweon sths proc&4s aTh nlng market valuo (wrCI$8 date 11 later). Unrealised gains and losses aré CakUlat as th8 tth'fference the rnarkei va& as the pa0d end and gkwing markgt valu& lor wrch&$8 dat&11 latwl. Redisgd wxl roalsed galn$ are not swaled in th& at8mentol Ilnandal activiltOS. Investment prop8rty Invastment PfOPOty is shovm at fflost nI v8lu•ion. Any r&t0 Su1$ N dk{t atsing from changes In lair yU8 Is in the Stalement ol FInancI ActNtt19S. Taxatlon Th8 charitabk compary Is exempt Irom o)rp)ratwJn lax on its charltab19 a¢twihe5. Fund a¢¢ountlng Unr8S1rl lurKls can used In wlth th8 Charilthe oblecfvos at the dlscretity) ol tt Truststrs. RestrtI1 lunds can only be used lor parttular tsstdctsd rAJfty)805 Within the objects of th8 charitthè thnrAry. Restrtin8 arisa wh8n speclfled by tho thnor or fvnds are rdsad lor particular restrtj wrKtsèS. The chaA(at49 conwany has a siThJle pemian¢nt enthMnent whith rowgsents tho tand and tikthn of the Bath Reugation (knund. As dwibed kn Noi• 23. the recgaiion ground is heka ty a IInk charlty Furth•r OXFAanatron tsf tho naiur• ard puw of lund b indud&J In tho notes to the IlnancAI stat¢ments. LIfik ¢harftl•s Branc arUnling has tsgn lorthe link8d UnIrpOrated charhabL• trusL 509 Note 24. P•Mlon co •ryl olhr poJt-rnllr•m•nt bomflts The charitable company opgraies a def1 ContritrAthc plon sc9mo. Conirlyjtsns payabb to thg eharitable conytys Fensh)n schemg ¥9 chaW to the Ststement of FinancÉl Actiwties in the p8ric&l to Wh they Idalg. Trad& arKI othar dd)tors arg IOgna at the s8ttf¢nt anw)unt dutr after any ir discount oflgr8d. Pr4Mym8nts arg value(J ai thè amnE preod not ol any tr&Yo dsojunts duè. C¥h at b•nk Cash ai Dank incl$ and short temi highty IK¥4KI irw8$tm•nts a short nwurlty ol thre9 rnth8 1$85 Irom th& date of wu$It or oponlro ol th& d8pJslt or simllar account. Credltor •nd provision¥ crlitorS and provislons are recog)is¢d th8re the charity has a present obllgRtlon resulhng Imm a past e¥ent that wlll prel)ably result In tha translei ol lunds to a third party and tho amount due to settle th8 0tion can t moasured or estimat reldJy. Crgthtors aTrJ prowsKJns aT9 nomidly r8>)Jnis8d at their $8d8m8nt amount after allowling for any iiadè thseounts due. Flnanol•l The th81ita& fx)n¥)any onty has linanclal assets and flnancAd liabmlllgs of a kind lh qualty as bask Ilnancial Instrumants. Baslc Ilnanckql instnjmertts ara init1{Y recC¥Jn1 at Iranslilon value and subsgjuenly measur& at their $6tt16Ml VU8. Crltkal a¢¢ourtlry •Jllmat8s and are48 ol ludgem Estimat8s arKI jutymgnts aro conbnualty 8vattrat8d and Are bas&1 on hlstoikal expeiience and hOr f&tors, ludln9 OXF¢Ctath)n8 of futUf8 events that ar8 trelioved to reasonat48 under the ci¥cumstanc88. Pap12 ts)ntlnu&J...
AccouimMG POLICIES- ¢ontlnu•d The charftabk8 comwy makes estFmates and assumFIKJns conceming Ihg luture. The resuSthvJ acwjntftig 8Slimatès and assumptK)ns wil, tjy definibon, seldom 31 the reklgd actual ra%uhs. Tho osumales and assutrptions that have a s¥Jnilwt rmpaty on thg ¢arryiTrJ amounts ol awts and Ilthlities whhift Ihe next nanda yèar arg.. - the us&ftJl econorn Ille of tho conwary's tangibb Iix8d assets.. - the pw)tytion ol the over1 land value that r•Les to buik&rKJs on the tharitAe laTrl. Tho chathable conwy includ8s its land and buikjws at an estimated deem&l c£Jst I vualion of £4.2m. In the 8bs8nce ol an inlenllon to sell And a cc¥nmittsd buyer, thls Iwre is a matter ol lfyment lor the Trustges ¢>)nsvltath)n with th8lr prolessh)nal adv18&ts. DONATIONS Ala) LEGACIES 2021 2tr20 Bath & Nowth East Sonrset Counol thnalh)ns Other th)nations 123.216 Undgf the $8ttbTnarn agre9mt with Bath & Nclth East Sjrnarsei cou1 tlw agr88d to to £2m to rastore and improve the ration oround and lollmng a vartation bj thg Jrnont, tl Glasshousè plafvo 2021 2020 Rgnt Irom Bath & North East Somwset &)undJ DvkleThY Incon Dw$it acetsunt Intmt Other Int8r6st I81¥ab 175,658 23,401 185 657 175.611 28.289 612 INCOME FR1 CHARITABLE AcrvmE8 2021 Bh Ru other inco Grants 250,748 24.844 95,931 R•ntsl Incom? Thè charily has tha follo4 armvnts of rent due to it under cpgratiro lea¥ •Jrsements wrth varlous tgnants al the Rthation Ground slle: Due wlthln and fl¥• R0nlaF Incryne due I# wlthln om y••r 428.$00 In moro than ffv• Y19 8,757,891 9&3,S14 Pauw 13 nllnugd...
Ll In CHARITABLE ACTivmES COSTS SuFWt Costs Ise8 rle 61 Ditsct Costs Total& P¥I$lOn ol recreatlonèl ladlrttes and 8UFwrtiro gvents ¢sIste with th charit81Ye oblects PPORT COSTS Govern Other TotaL8 ProvL8ron ol recrealiond ladthles SUFporUng evènts ojnslstentwtth th8 chlIatO rt$lts NET INCOIIW(EXPENDITURE) Net WTO)mpllgxFendtturel L8 stat after Chwyl(C¥edrtlngl'. J20 D8110n. own1 ass8ts AIIDITO REMUNERATION 2021 2020 Fees payaÈ40 to thg charfty auditors lor ihe autht ol ihe ChIty financ stemgnts Fees payatk to the charltys auditors lor other saNx.' Accounts, VAT and payydl Total fees 8,300 6,0 9,739 TRUSTEES. REMUNERATIOM AND BEMEFITS On812020'. Flvel truste& has a pthi'ng Fewmlt at the Rreall0 GYDund. Th8s8 wrmits 9nablo tho hoklets to park al any tlm&. The iw8tees hokling th& perynits have Indicat that they will only use thosg Whi on tru%t trSInesS. Thor8 ww8 no other twst•6S' Terrwnèralljn or b8ngfits for thg year endgd 31 2021 nor lor the y8af ended 31 March 2020. Page14 ntirad...
TRUSTEES, REMUIERATI(XI AND BENEFITS- ¢onlInl During th& year relnknrsed gxpgns&s totdlng £19412020: £3131 were to Iwo12020: buslges for traver and trankng. 10. 2020 Wages and salarios Soclal seCuty cc6ts Other Fension costs 197.123 15,009 151.212 8.097 5.107 218.$47 In¢thd in wag9s and Sar1e$ ar¥ rethndancy paym8nts amountlng to £14.25612020. 11. Thg avarage monthly number ol dur5ng the ye8rwas 8$ follows". Man&Jemenl and lminls1ratn Sy)rts txa¢hing 2021 2020 Thé nurthr ol •mpW8s whos• onWoyè8 bgneffts {•xduthng ¢M0Ye perSn eo$tsi 9xded £60.0 was.. 2020 £60.rJJ1 - £70,000 £70,001- £80.OCKJ Thg ty mana9oment P9rsonnel ol fv charity cryrise thg tru$tpe5 arKI tho Cthlef Ext9, to whom reSponsilIty lor th& day-to-day acteS of tha charity Is delegaied. The total mOYee ben8ffts leiVed by key manag8wnI P8rsonnel durlng the year werè £74.94612020.' £61,316>. COMPARATIVES FOR THE STATEIAENT RNANCIAL ACTivmES UnreStrt Rtr5triGted Enthjwrn1 lund luTrJs fund 11. Total funds INCOME AND ENDOWMENTS FROM Dona0$ andlggaoes 7.000 471,226 Ch•rlt•tsl•aGll¥l¢l Provision ol recreallonal l&llfti8s and 8UFPJrting events nSistent with the arItab cbjg18 400.028 Investnnt inco Total 612,426 464,226 1.076,852 EXPEI4DrruRE ON Chfrrhable acllvEtIè# Provision ol r8cr8atlOn thilltlas and susworting 8vgnts conslstent wilh the 472,3CKJ 472.3C Netgainsllloss8s1 tsn invostments 1152,2551 1152,2551 Page15 conlSnued..
Im Fl 11. COMPARATIVES FOR THE STATE11 QF F1114NCIAL ACT4vmES. contln4d Unr&sirfcted fund Total lunds lun(Is fund NET114COMMEXPENDITURE) 112,1291 452,097 1628511 Not movgnwN In fund• 150,722 301,375 452.097 RECONCILIATION OF FUNDS Total lundg brought forwwd 2,081,107 4.110.953 6.192,060 TOTAL FUNDS CARAIED FORWARD 12. TAMGI8LE FIXED ASSETS hnprovements Wachinwy lo and pro gfwty)ffnt LarKI and tik1n Glasshouse bulkllng T0S At 1 April 2020 A(klltKns 2,410.953 145.753 &59,013 179,302 3,605,021 At 31 hrtarch 2021 10.953 195 536 4 209 228 DEPRECIATION Al 1 April 2020 Charge for year 237.004 92,186 329.190 At 31 March 2021 3 300 205 NET BOOK VALUE At 31 March 2021 2410953 3 789 776 At 31 March 2020 2410953 3 275 831 L8nd And IxJilthro5 TeFqgsont the Bath Recreation Grounds and the mwn ol thg vartous tbulkI{nl grgcted on tho land tlween 1894 aThJ 1954. Land Is Th)1 d8pre¢iat•Y and the main fabric tsl tho88 Othbuilthng8 18 dB8me(I 10 have an iThJef1 usglul lile and aro tlwofore not dgprgckted other. Impairment is cy)nsKlQrI Feric&lknaly aml commw¢I VationS arè to laolitaio Ihls. Tho Lltèsi valuatk)n was obialnèl Ifom Lang lasa1 dated June 2017. The Lond and Ik11ngy of the Bath Rrat)n Ground arè hold ty a Ikod charity- The Balh Recreation Ground Tru8L Glas8house buildlTha adJ6tl¢)ns are the costs to date r8lating io th8 constndion of the LJJllthng on the Gl8sshous¢ ay¢ng liolds, Bath. One month dgyechtson Iws charg8d In thè year. Impyovement to proFertkns fwosenis th6 convor6#Jn ol an outbulklry tg tome th9 tharftys oltlce, eatIon of changing 18rJlTrti88 and other buSldlng knprov•ments. These improvements have a INnited useful life and are d9w9tyat over io yaars. The freehjkj ol a path off BrOadrr Lan8, Bath ¢urwtly generates rental incorne yet incurs annu81 ma¢rnenan¢è Costs. GIv8n Ihal the land dces not wLThJucg a ySgkJ to Ihg charitthe conyany. nor has any iesa value, thg Trust have d*ed not to Vu9 the land in its finan81 statements. The leagehohJ ol (hg L4asshous8 playing liglds nerate a sm811 Incom8, but the incom8 g8nèrat8d Trtty 09$ not match the annual runnlng c4)sts. Gwen that the land doos not produce a nel ylèw to the chwitablo conwany, nor has any r6sal8 the Iruslegs have docKlgd not to valug lh8 lan¢J In Its linanckql Stataff. Pa16 eontintsed...
Llm Is. FIXED ASSET IMVESTMElnS Investmeni p)rtloJio MARKEf VALI At 1 April 2020 AiklitwJns txsposals RaVU40nS Invgsbment fees charg 884,078 276,607 1252.5491 236.4&9 At 31 March 2021 1.135QSS NET BOOK VALUE At 31 Mar¢h 2021 1,135 055 At 31 March 2020 The wgrg no Invgslftpnl assets cAtsKle the Ulc C4)st orv81uatScn at 31 March 2021 is rwwtl by.. h)v0slwnt )rttollo Vduation in 2021 1 135055 Thtr investment ponfolio of £1,072,686 Ibted investrngnts ar £62,389 ¢8sh bdance 14. INVESTME1 PAOPERTY FAIR VALUE Ai 1 Aprtl 2020 and 31 March 2021 NET BOOK VALUE At 31 Mar¢h 2021 1 700 000 At 31 March 2020 Th& In$tnt WCP6ty buHi on the Bath Rat1 Ground 15 hekl ty a linkwj tharity - th8 Bath Recrèati Gfound Trust. Bath Sporys & Lgisurg &ntr8 bOGwne part of the Trusfs a5sgts IvIrg a of the Charity Tunal in Plarch 2014 whth was rellerxed In aft Oor ol th& TrIbUr in A)ril 2014. Attathed to thg assot is an oblyatKJn to demolish Itt8 bullding when it cS Ihe expired. It was not wssiLqe to rKognkn the vath ol ttie srts aNI Lelsure Centre tully until agreemont was rched wlth Bath and North East Scrn8¥set G)uncS1 on how tho Idsure C8ntra woukl be us&l. The Trust have nagotiatad a lease and oihgr arrargennts Mth Bath and Nonh East SOmet Courril which r$5utted in Bath North East Somorset Council paying substanlld rent to tho Trust from l Aprll 2014 and aswm¥y tho Obl10ft to derTh)Ilsh. The lease ancillary d¢xumants were complei•l on 22 Juty 2016 and the full valuathjn Inc1TrJ the Sports a1 Ldsure Cèrrtre was included (n Itt ygar gnd•J 31 Marth 2018. Tho £I.700,C0 vauaik)n ol th8 land and twiklings 8$ at 31 March 2021 19 basgJ on an iThJgp8ndent rep)rt ad by Jon8s Lang Lasdle dat&J June 2017. Th& Trustees wil tak8 Volassion on carrying amount of the invostsnent wJp8rty wery years. Pag817 condnu&4...
Im In 15. DEBTORS: AIAOUMTS FALLING DUE WITHIN ONE YEAR 2021 2020 TTad6 d)tors VAT Prepayments and aizrued in¢x)mo 47,30) 49,264 57,693 CREDITORS: AMOUNTS FALUNG DUE wmiiN ONE YEAR 2021 2020 Trado or9ditors sce1 SèeAMlty and ollw tax8s Ac4wals and deferr&J Incom8 58,382 4,856 5,280 4.190 164.015 Dof8Th&J wKome at 31 March %121 of £71,62512020'. £74,343) r8present8 Incom Invoked in advan(. 17. ANALYSIS OF NET ASSETS BETWEEN FtINDS 2021 Total lunfjs Unlestrted fund Rostri•d funds Endowment fund Total fvnds Fixed assets Inv8strnenls Cvrrent assets Currant Il&illi 1.378.823 1,135.055 556.559 164,0151 2.410.953 1,700.000 3,789,776 2,&35,055 556,559 3,275,831 2,584,078 876.852 4 110953 7017375 18. MQVEMEMT IN FUNDS Net Transfe At 31.8.21 At 1.4.20 in lun¢J$ lurtl$ Unr•$trl¢tod lunds GeT fund 2.1,829 250.002 424,591 2.906.422 Ao•trl¢t•(I lund$ Bath & North East Stsfttset Council 1.375 1¥6.216 1424,S911 endOnI fuThlg Bh Recrealion Ground 4.110,953 4,110,953 TOTAL FUNDS 373218 7.017 375 Pap 18 corunue(J...
18. IJIOVEMEIIT IN FUNDS. ¢ontIn Nel W¥ement in lunth, clUd6d in the at¥JV9 are as follows.. Incomlng Resourcas 8xpended Gains afKI Movgmont ilnr••trlct•d fvnd GeneT fvnd 6f9.419 1605.8501 2,002 Reslrlcted fvnd¥ Bath & North East SrTh&r$8t COU01 123,216 I,218 TOTAL FUIIDS 373218 Comp•r•tlM for MOVOnI In lun Nel movgm8nt in funds Transfers betsv98n funds At 31.3.20 Al 1.4.19 Unreglrl¢tgd fund• Gen9ral lund 2,081.107 112,1291 162,851 2,231,829 ROstrte fundB Bath & North East SOr89t Counc41 464.228 11 R2.11S11 301.375 Endowment luThl• Bath Raon Ground 4.110,953 4,110,953 TOTAL FUNDS 6 192 060 Compar&ive nKJvem8nl In lunth, induded in the abov& are as fou0.. Incomw resources Resources experK1ed Gains aThJ Movement in lunds UnMslrl¢t•d furrfl• Generd fund 612.¥26 1472,3WI 1152.2551 112,1291 Bath & North Somr88r Councll 464,6 464,226 TOTAL FUNDS h & Norfh East Som1• Coun¢ll This re81ct6d fund iepres8nts the of the f2 mlllron fuTh*ng r8c8lved Iiom 8aih & Nonh East Somerset Cotsnul under settml a9r8err1 to restore wyl Improve the reCrlI1)n ground a1 followln9 a variation to the agreement, tha GLgsshouse thying fiekls. Bath Ro¢reatioTr Ground This 9ndovm)8nt fund represants the vduation ol tha land and tdingS known as The Remtion Grnd lh8 Sports Contrg1)vilt UFon11. The traner represents th8 hAKJing Irom Bath & Norttt East Somersel Coundl Ihat has bggn spent in the ygar matnly Improvaments to t1 Gla8shousa praying liokts. Pa19 contlnugd...
+£ 19. coimMGENT LIABILITIES The charity are party lo a Court of AFP8al hearfng r8garthty histor Fvny Mvenants relating to Its RamatK) Ground. The hearing carrles a lithlty 01 £20,CW)0 - £30,000 for $1$ whh have beèn conth8r8d ané autho Truste8s RELATED PARTY DISCLOSURES Dulg the year w&Jgs 01 £2.8S5 werè paKI to H Hinn, thg son ol th8 ChBI EK8oJtNe Ofttsr J Ffinn. ULTIIIATE CONTROLLING PARTY There L8 no uttllnat9 0)ntrollhYJ party ol Ihe charity. RECONCILIATKIN OF NET IIICOME TO NEf CASH FLOW FFIQM OPERATING ACTIVITIES 2021 a)20 Ngl Income IN r•porttng (•• pw the St•tsmwtt Hnan¢lal Act118} Adlugtmwjts for: Deprecjatbn chaffJos IGainh7osses on investrnonts Inter8$1 reco11 In¢reaso in debtors Increasell(*r8asel In ¢r8dltoffs 373,218 452,097 ,262 {236.4331 18421 156,2501 71,411 99.216 152,255 11,498 133,5611 Nèt provlded by opwaUon• ANALYSIS OF CHANGES IN MET FUMDS Al 1.4.20 Cash Ilt)w Al 31.3.21 Cash at bank and in hand 778,845 Totsl 778,84S CORPORATE sTR{TuRE AND LINKED CHARITY Th8 tharftat48 tr)vanY 1$ an iWForated chan'ty Ilhè now charity). prevlov$ty Its actwrh8s wère administeT9d through the Bath Recroation GrouTrd Trust1th8 old trustl. charity was In(yJrwrated on 21 April 2017, It had no acfvities or Iransactk)nÈ until l Jantsary 2018 whgn it look ovor the old tru¥tb assets arKI op8raIS1s, wllh the exc8ption ol the Bath Recrgation Ground lis&ll. Und&r trust law the laTrJ of the Recr8ation Ground canrnt be hgld by the Chari12kn10 Corrpany. Under a schame agr9ed wilh Ihg Charity Commission, from 1 Jaxuary 2018. the new charity bacame Ihg sole Trustee ol oky trust and thg old trust btsrame a Ilnw chaytty to Bath R8cxeaton Lim11 Illnked chafity number 1173521-11 and th8 assets and aetivit19s aro Ih98e aceounts und8r the rules ol bwch awuntlThJ. Pag8 20