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￿ Tius*ey
2 to 4
Roport of Ir*ndont AudltoY*
Staten￿nI of Flnanclal A￿¥11198
B•lan￿ Sho•t
Cash St4twMnt
10
Moto9 10 th• Fln*)¢l•l St•1￿0￿•
11 IL) 20
Detall•d Slats1￿nI ol ￿na￿la1 Actfvlll
21 to 22

mlni
TRUSTEES
Davld Dur(lan
Geoffrey Fairclough (resigned 31.3.211
Angela Lewls
Martb) Harman CBE
Keziah Truny
Jason D￿￿Y
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
Cla￿6 Wllmott LLP
1 G8orge Squarè
Bath Stroet
Brlstol
BS1 6BA
INVESTI￿1￿ MANAGER
Invesw We￿th & Investment Umhe
3 Temple Quay
3 Tery)b Back East
Bristol
BSI 8DZ
Page 1

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The trustees also rf￿10￿ 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 a￿47¢•blO to clwilies pr4)aTiNJ thwi
a¢￿Unts in ac¥xsrdanco wlth tho Flnanclal R8P)rtlng standa￿ WA￿ab￿ h) thè UK arn1 Republ￿ ol Iwland IFRS 1021
lelfective 1 January 20191.
Th8 Ilnawal statements hav• bean prépAred in ￿]I￿an￿ 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
Ch￿ltiEs. Stat8mgnt ol Rgcommenijed Pra￿lc8 to chwiti95 prgpwin9 thsir aLxounts in aoxjrdance with Ihe
Flnanc4al Rep)rtlnq Standanl awicable In the UK
OBJECTIVES AND ACTIVITIES
Obj￿11¥•￿ and •lrn$
The charltabb corr4)any has conJnugd lo its ctyJves * thg R9crgallon Ground and other slles.. tho provIs￿n,
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 p￿VidIng andllary r8creatbn ladlttios suc* as charTging ioil&t8 aThJ ¢lutrthou$8s aTrJ the like to
SUFWrt oUtdC￿r r8rntlonal spacgl and outéc￿l r￿sat￿l￿a lacillri&s lor th8 be￿ffit 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 man￿￿d tr) d9fvor on LIKI￿1 lh8 now LxJilJlng at Glasshouse atsll tt 8lvJhlty later than ofvJinal
The P￿eMIe 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 hol*Jays. Where
actfvity has t•8n able to take pl￿? Wo have [ff0v￿ addltkjnal $UFfOrt lo ensure thls ean haF￿n saFely.
OUT se1￿01% programm& has 8￿red 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 $ch￿L% programrne wlll
revert to our proFerty as swn as p)ssde. In a<ldition to the a¢twty wa hav8 athjod an out ol School programm& lor
¢hlkYren at th8 row facility at Glasshouse In FArtnership wth St John's FoundatKJn and Medl(tk Gharitabl& Trust.
Th8 acfvtbes undertaken ai the AecreatioTr Ground and elsewhere during th8 year are consllered by the Trustees to b8
of ¢JiTect b&nelll lo the put4b al lanJg, and thgy &)nlimi that they have had rogard to the guthnce issuwj by t￿ Gharty
C￿mIsS￿ln on Wb1￿ b￿•11t and havo Idlowed thi8 in pLqnntrg and undartthing the
The charitatle corroany th)8s fiot act￿8ty sdk411*)natknns Irom and Iws no ne&J to develop lonnal p)licb$ 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 del￿91 actIv￿o$. With tho
TNstg&s Ihoy worl( ¢k)sely hrfth a range of stakehoklers to defivgr the Charitstmo C*igcdv&s. The staff and tru5teos
have p￿ded much needed support and to c￿T clwity and communty network of usgrs whth has helpgj many
navyate unprBc8dentod iimgs.
Th& pavlllon at Glasshwsa Ptaykng Fldds 15 Thjw lo a wiJ9 range ol sdwol and cC4nmU￿ r$WtI￿￿1 and
sFKJrtyng activty., som8 ol whkh has taken ￿a¢& vthen restri￿10￿5 ￿rmitted. In addit*)n, the Br08th￿l% Ortard stto,
Induding a WayFork 8J7d recreatIc￿￿ space, has b6gn ￿￿11￿5￿1 by th& bcal conwnunity.
The Inv8stment porttolhj was severety iwpacted ty the but r￿0Vered 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 f￿an¢441 $tatenwts.
Pag8 2

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FIKANCIAL REVIEW
R•servos pollcy
tt Is the Fh)Itcy ol th8 Trustees that th9 ch￿rtable o)mpany should hold sufficient un￿strICt￿J r¢servos to en*18 it to
meet its ongoiNJ ¢omnthnts and provide sufficient resources lo enthe it to fund any orprtunllies for the
charttablg ¢ompanY5 c4)l￿t￿ to bo lurthergd as tsy may arlsg.
D8t8iLg ol the restricted, endowrnent and unrestrrt￿j funds av8ilats4& 10 tho ¢haritat4e cory8J)y at the balance sh80t
dale ar8 gI￿n in noto 18 to these linanaal slat8mBnts. The Trusteos ¢orsithr th8 reserves postbon ai thbs dale to be
salisl&tory.
Th8 Tfustees Will D￿10 lomially sat out Ihsir long-term Fdicy on r059rvo5 oricg thoy have dear vi*Ablity ol Incom& from
kjng standirvj tgnants. Thls 16 expected to bg within tsvo years.
The Inv8stmgnl Fdty15 lu a medlum to long18￿ investmwt a balan*J ￿n￿$t￿nt C*1￿t￿o.
Tho <*aritatAe company Is workkng tovArds I￿1[11ng a rtsserve whith wrfl ￿loW it ro remakn linandajty s6we when thg
1995 Lease lo Bath Rugby COM￿ to an end and th6 Leisur8 C8ntre is demoli5h8d when lits expired.
The charity a su￿lUS lor thg year 01 £373,21812020: £452,09n.
Tho Charitab￿ company r8¢8fv98 th• mai)rity ol fts oThJoing incomo from Bath Rugby Bath and Nvjrth East Somrset
Councll for the ong)iTrJ use ol ts lacllil¥ès. A wgnif￿nI proF¢)rtion of this intt)m• rolatos to 198￿ grantod ty th&
charltaUe ccwnpany ￿lIch hav& an end dalè in 2069 and the Tr￿te&S are of lh& that thls wovhyes suffuoni secu
tts mitigate any tsk to Its ¢wtB)ued existence.
Golng ￿ne￿n
The Trusteès have cons*J&r&J the in¥Jaci ol the C￿￿￿19 pandemic on the goirMJ C4)ncwn positron ol thg charit*Jg
coryory. After looklng at the impact on the operatt￿s ol ihe ¢harltatAe fJ)mwy and the reseryes posrthjn, the Trustees
aro of the oplnlon that th9 concem basls lor the prwatton ol th6 financ1￿ statements18 4yroprlat8.
STRUCTURE, GOVERNANCE AND MANAGEMEKr
Govwntng do¢um•nt
The charity wrating thTough a coffoany Ilmfjt8d by guarantee *thi¢h 1$ solè TntstÈ8 018ath Recreation Ground
Tru* is govern8d ty a date(J 14 D￿rnt￿r 2016, a Dlrection gN8n on 3 November 2017 arK1 thg ￿ti￿a5 01
tsscQratlc￿.
Flocrultm•nt appokntment of n•w lrn*t•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 SoMe￿t 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 kn￿￿8￿J• o14ts Trust8gs' and
b. congdgr th& extent to whkh OFPC4ntogs demonstrat8 thlls or knowl•.' and
¢. not 8Fwint rr*mbgrs ot 88th North East SomeTS8t Ccwncil.
01 tha CO-OPtO0 Trusiees. the I"rusto9s must appo￿1 at b8st ong wno$0 s￿116 gna ir￿lI￿J9 an aDI1￿
repl￿&nt those groy of ben8lici&*s that use tho r8cfaRtlon ground. othar than Bath Ru￿.
In appobnting cog)tod TnJst8ès. the Trustees rn￿1 have regard to the desirabilily of adverti¥ng ¢r uswig trustee
Ixok8ragg sorvicos. Candxlales musl bo asked to ¢or6ldgr and ¢JKlgrg ary exL8ling or pjlontid C{￿￿￿t$ of interest
lore a[win￿ent.
In the case ol n￿￿nated 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 nominat*ig 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 Tr￿109$ are r8$p)ns￿le lor monlloriw the ongoong rlsks laang lh8 ¢hafftabl& crAwy. ￿ Tru*gos arg
satIsl￿ thai major risks ha￿ teen rovw•J and that systems and w(K9￿r8S aFprcyiately 8sl*ish&J to man*J8
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 rna￿91 ralos and kq)i und8r ra￿aW by the Tntste8S.
Event8 sSnc• IM yeor ond
InformatKsn rglating lo events SI￿ 0rn101 th8 year Is g￿en In th& notes tts the ftrHncbal Stat￿ents.
STATEklEKf OF TRUSTEEW RESPONSIBILmE8
The twstees (who are also th8 dlrectors of Bath R￿r￿￿on Lift￿te(l for thg pup)sos of ￿rr￿anY lawl are roSp￿the lor
preparfng the Report ol ihe Twst8es and the linantial statéments in accordanco Wtth a￿lA￿at￿0 law and Uniled Kingdom
Account￿g Standard5 IUnit8d Kingyom Generalty h£cept￿l Accounting PfactThl including FinaKkql Stamtlard
102 Financiab R9P)rting Standard in the UK and ol Ffdand.
Company law w4uir8S tho t￿Sta98 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 charl￿8 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 I￿￿99M8nts and esdmatOS that are ￿asonS1￿6 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￿)nsi￿8 lor ke8K¥ng proFer a￿unting f8￿rdS whktt dis£lose ￿th reasonabLg a¢Xur￿y at any Imtr
the linanc4al p0S￿On ol the chaTitatle ¢owy to enat4e them to onsure that the linancw stal8mgnts COM￿
tho Companies Aei 2006. Thèy arè a5$0 r&4￿n81tAe for sal￿￿thn9 the assets of the Charitab￿ ¢c17)pw and ttèneè lor
tthng reasonatle steps loi th& Fmenbon and del￿tio0 of fraud and other iriegularhkns.
In so lar as th& truste8s are awarè".
thgrè 18 no relovanl audlt Infornatton olwht* the ¢haritable company's auditors aro unaware., 8
the irustoos have takèn all Sto￿ Ihat they oughl to have taken to makè themse￿&S aware ol r8lwant aud
inlom78tkJn Bnd to establish that th9 au(kt(ws awar8 ol that infornadon.
AUDtroRS
&￿j11¢[s, MHA Wnahans, wtll bg woy)8&1 lor Tè.aFpolntm•nt at thg torthcoming Annual Genera¢ Mettt¥￿.
TNS r9POrt has been prepefftj In vthh the special provisb)n$ ol Part 15 01 the ComFonies Act 2006 r8lalkng to
small o)rry1￿les.
2DXI
ov&J by othr ol the t*Jard ol tnjsiees on ....................... .................... ar￿ si￿￿j on Its tehall by..
Mark P￿¥S11- Trust80
Page 4

Oplnlon
We havo aui*ied thè fina￿￿￿ $tst9ments ol Bath Recrgation Lsrt8d Ilhe chathabl& ¢orrpw)11 lor the year ent*J
31 March 2021 which ¢wprise Ihg stat￿9￿1 ol Finafici￿ ActNttl8S, the Balance SheBI, the Cash Flow Statement and
notes lo tho financial slaternents. induthng a surmiary ol signsficani ￿untIng w1￿78S. The tinancw rq)ortx
fram8work that ttas ba&n aM)Iled In proparatron Is aWI￿a￿e law and Untt&Y Kkngdom A￿ount1￿3 Standard5
Iunited ￿l￿Orn Gengralty PKcepted Actountlng Practicè), i￿lL￿tsng 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 In￿M￿g
iesources and ap￿￿all0￿ of resources, inctuding its incort* and ex￿ndItur8, for the year then ended,.
have tr*en FKcperty prspar8d in ac￿Ord￿Ce wilh United Generalty Actepted A¢￿)Unt￿1g 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 r8quire￿nl8 ol the Coffpanies Act 2006.
8••l¥ lor eJplnlon
We conducted our audit in a￿da￿ wlih Intèinaliond Slandallls on Aud￿￿0 IUKI IISAS IUKII al￿ atWtat48 law.
lespL￿S￿￿tles under th0￿ siaftdwds are lurth8I d•s¢rW in the Auditors. rospon61blliles lor tha a￿111 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 fU￿11￿j our other ethical reSpOn￿bIlit*S 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 con￿rn
In alxliting tho finanoal slatomants, w9 havo conduLtsd thai thg Irust88S' V80 01 thè pirrfJ ba8ls ol aC￿untIng In
the preparation ol thè Nnancial slatom8nts Is epF*O)r4atè.
Based on thg work we have performgd, we have not hl9nllll￿I any matgrLg1 uncertalniies relabng to 8V6nis or condltion5
that. or ¢oJlthvety, may cast thjubt on thè charitabl• company'$ aLil*ty lo ￿n￿nUe 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 de*rt¢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 bnfoM￿I0n Incl￿1￿￿ 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 con￿￿t￿)n wAth our audit of th9 fina￿181 8tatements. cwr rnsp)ns4bilfjty Ls to the olh&r infomiatKJn and, in thing
so, cons￿er whether the other inlonmath)n is materialty IrLonsEStent the IlnanclJ slaiemonts or our thowl&*e
in the audli or otherw4se app8afS lo be Materi￿lY fflisstaled. If we idgnllfy such malerfal ir￿Sisten￿O$ or
al￿t 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 our0￿nIOn. based on the work undertaken in th8 cowse ot the audr(:
thè inlormalion givon in the Report ol tho Trt￿l￿&S th& financw yw lor whlch the Ilnand81 S￿lem8n￿ 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 rel￿rt by •x¢optlon
In the ligm ol tho knoWI￿1ge and undgrsianding of t1￿ chaiitabla ￿MpanY and tts envlronmern ob￿￿￿1 in th& tx)uts& ol
the a￿￿11. 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 r￿UIreS 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
di￿loSUr9$ 01 trustees. reM￿er9D0n 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& gy￿11 ￿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 dir￿t0￿ ol the
chariiabfe company for tho pu￿SeS ol ¢ompany lawl arg rgsponsde lor the pr9paratic￿ of the lina￿ $￿em￿nIS and
lor bdrrtJ satL8flod that they gwe a true and l&r vbw. and lor swh Intom￿ (￿￿tro$ 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$. Iho tfUSt•6s are i8swn￿O for as8￿￿n9 the c*8rlrat40 companys abilty to
contirue as a goirvj cofKom, disdosing, as matt￿5 related to going cyJnwfi and ugng lh9 goSng ec￿c•M
basi8 01 a¢c4)untiro unloss trustges wlher intend lo IK4ui<lattr the charilablo cotypary or to cease cperations. or have
no redlstk dtarn8bve txrt to (*) 80.
Our ￿p￿SIbIlItIeS for th& of th• fin•nel•l 8tslW)onl•
Our otigctivgs are to (*)t8in ieasonaL48 assjrance abxt tholhef thtt lirandal statemonts as a whol& are Ire9 Irom
materfal misstatemènt, whether duo to fraud or error, and to issue a Rew)rt ol lh& Indyndgnt Auditors that includes our
cyiThion. Reasonablg assurance i% a h￿h 18vel ol assufanc*, t￿t Is not a guarantee that an audit cKsnductgd
accoldanco with ISAS IUKI will always delocl a matarid mis*at&m8nl ￿an it exists. Misstatements Ca￿ wi50 from Irawj
of and are cons#Jared matgrd il, Indlvi1ualty or In the wwJate. they ¢wtd r&asonably bo exr￿t￿l to influence
thg ￿Onom￿ decisions of users taken on the basls ol theSe1SnBncI￿ statements.
Iryegularttles, Sndudlno Irwd. aro in8tanees ol non-comF4iarK* wth laK arKI regUlat￿n9. Wo yocedures in Iln?
with our reS￿nsIbIlit￿$. outlinwJ at()ve, to detect materfal rnisslai8ments ITr respect ol irregularities. indwsng tra￿.
8xtent lo our procédures arg caF*4e ol dgtecling irregulwities. indtKling Irayd is delwlgd bglow..
Bas&J on ovf undetstan(ling ol tho charitthè o)mp8ny and se¢tor. wg klenrfliod that tho prirwat risks of
non-ccmF4iance with laws an¢J regulaioons r918t￿ coryary and charity legisl8tion. and wo MnsK*8rod the oxt8nl to
whlch nOft-IX)m￿Iance rn￿ht have a material atteci on the IInanc￿ siatamants ol Itt8 tharftablo corywany. We ￿50
¢onsklèred those laws and regukt*)ns that havo a direct impact on the pryaiion ol tho financlaf staiemonts such as
th8 Charttles Statom￿t ol R￿ornmend￿ PracJ¢g ttlg Companies Act 20L￿. We evaluated manag8menfs
Iiicentives and QFP)rtunll*s lor tral￿￿lertt Illanipu￿ti0n ol thfy I￿ar￿1￿ statement6 lindudimg the rtsk ol ovgrr¥J& ol
controls), and dgt&rfflin8d that prirti>al ￿kS were related 10 p)iential lkn ol segrwJaion ol dut19s. bJokk88ping
9Trors and managemtrnt t￿&8 in acctsunong estsmates and I￿19emental weas ol the financial tstat¢monts. Audlt
ocedures F*rform8d by thg audit ¥ngagoment team indLKted..
ENwiry of rnanagemenl and thoso chargad Mth w¥9m￿ce abw¢ any knovm of I￿Star￿88 ol
non-com￿1￿0 with laws and regu￿tIonS and fraud,.
RevlevArrfJ mlnutes ol mèetlngs ol those charpj wlth 9)VeMan￿ and 8ny c£¢rr8spJntsrte whh The Chwfjty
Commission..
ReVIe￿r￿J fina￿181 statement thsclosures t88tlng to girp)rtlng ¢Jcthmentation to assess wlth
laws and r•Julallons.'
P•rformiThJ anatytical Pr￿&1￿reS to Id￿trtY ary or unèxF*tsd rd8tK)r¢h¢* that mlaht Indkate a dsk ol
Malw1￿ m15StateThm du8 lo trau¢J.'
PerformiThJ audit wod( o¥ei tho rtsk of management override ol o)ntrols, ￿Cl￿1￿r@ tostiry ot loum￿ gntr* and
other &ljustmnls Iorapprcqylatèn￿$, ov￿uatIrrfj the I￿sInesS rationJe ol slgnrflcant tran￿¢S1)n$ outswle the
normal txJur5è 01 busingss and revi￿ng accounting e*imales lor bias.
Ther8 are Inhwerrt li￿at{Or6 in the autht procedures d8xribed ab)ve and thè lurther rnmoved non-conwlance w
laws and regulauons 1$ Irom the events and transact4ons r&IteCt￿ in the financiJ statements, thg less lik•ly we wouly
bocome awa￿ ol it. Atso, Ihe risk ol not dDtactiro a m*8rlal mlsstat&mènt du& to traud is higher than the risk of not
￿trt￿t￿g one resulting Irom afror. as Ir8ud m8y invofvo ￿lberat& conwtrnont by, lor èxamp￿. lorgwy or Intantion
mi8represantatK)ns. or through colusion.
A lurthw d￿criptiOn ol Ouf iespons1Ei1￿es foi th& audit ol the finan¢iJ Stater￿nts is k)cat*l fm the Flnanclal ReForting
Cijundl's websts at Y4v*w.trc.org.ukJ&uditorsresponsibllitles. This desiyPlk)n forms part of our Repjrt of the Independent
Auditors.

Uso of our rwirt
Thi$ rer￿ Is made $018ty to the charitat48 o)n¥Atys men&)8rs. as a btkn. In a¢(yJrdanc* vthh Clwler 3 of Part 16 01
th& Corypanies N£t 2006, Our audit ￿Tk has teen undertaken so that we mtght state io the charrtablg r￿n￿any.$
mw*erg 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)ns￿dIty to anY￿e 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.
ar￿5 Gare (S￿10¥ 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
LknTeStr￿t
tund
Rest￿e￿
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
Investn*nts
Inv88trr*ni 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
Restr￿ed funds
Endov*m8nt luThJs
18
2.W6,422
2,231,W29
301,375
4110953
4110,953
TOTAL FUMDS
7017375
financial statemonts have been W¢pa￿ M accordancg t*lth the provklons apKA1C*•￿ to c*awitAtts corrpwies
subJg¢1 to Ihg S[￿￿1 ¢ompaftios regirrB.
Tho Ilnandal statem8nts app¥ovgd by thè Board ol Tru*ees and authorised llx rjn
Zv31
.. $ign8d on Its b8h8Jf by..
Mark Powell- Trust88
18y- Tws
The notss form part ol those linandal staÈgmnts
P￿9

2021
2020
Notes
CaBh Ilowj trom owallng a￿l￿t*S
Cash gon8ralgd from oporatlons
NOt￿h by 0￿rating a¢tNhiss
22
241366
Ca•h IIDYrn Irorn inv•Jung actmt
Purchasg ol tangible fix￿ &￿ets
Purchase ol fix￿ asset invgstments
S￿e ol fixed a8sg1 Snv8siments
Investment 198s clmrg￿I
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 •quIVa￿rIt& 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 Recomff￿nd￿d appJicat48 to charitles preparing thgir acLounts in atr4Jrdance with the Fwiancial
Reporti￿ Standard w￿cabI9 in thè UK and Republ￿ ol Ireland IFRS 102118ffectiva f January 20191., Financ441
Rgpxjrtlng Standard 102 The FInan￿al R4x)ttrr@ SiaTrJard awlkable in the UK and Reputs1￿ ol IreLand and th&
Companl8s Act 2rA)6. The Iln8nLYd statemènts have bèèn pr8p*ed under the historlcal ¢osi ujnventlon. th
•X￿p170￿ of inY&atmenf5 Yihkl) I[￿Ju(l￿a 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 W￿68. In the event tsl the
char￿￿0 (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 refere￿e and admInistrat￿e 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 T￿￿19@S.
The financ1￿ statèments havo lJg9tt Ffepared on a going eoncem basls urMJer the htstorkaf cost ¢X)nvWts￿,
mr*Jrfi8d to indud9 tel￿n 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& s*JnifKan¢ acty)urfng polkyes 8IWi&Y in thè weparation of Ihese ffinanclal #at8mgnts arg sgt oirt bdow.
Thesa pol*tés havg teen ￿nsISten11Y to all y8&s pres8rn•J unless olhgrwise stat&J
Golng eoncom
The flnancial statewits have begft proparaj on a g￿ng 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 stalgn*nts. The b￿1get￿j and axpendituro is
sUttk￿l wth the lavd ol resthg8 lorlhe chaiity to bo ablg 10 continue as a ooing
Income
All incom8 Is rwised in thg Statom￿t ol Frone1￿ Activities On￿ the charttat4è Conwany has 9ntlt1￿￿t 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 r￿l¥ab￿ a￿1 tho amount can be rn￿Ure￿ r¢fithy by th8
charity.. thi8 is norn￿1ty 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* Staten￿￿t ol Finandaj Acfvtttes in the refiod to whrch
they reLatè. Where 18e or rantd rnrp)me ts rethv&Y or r￿oNable in advance DI the pa￿ad to lknich h r8lat8s, its
rwith)n is defe￿8￿ antt wiclu¢Jed in uedltors as delèrred in&)m&.
Tho ¢hathy ta￿ &Yvanwe ol the rellel lor Covld-19 rela18d rant ￿nces￿OnS r8wJnisod the varlablB
leasg payments arlsing Irom rent holbjays in the perirxj they have ￿en rec91v￿1 raihor than Sp￿&￿1￿ over the
tam)s of the ￿a$8.
Don•llons
For donations to be rèccgnis8d thè charfty ￿1[ have b8gn notiffigd ol the amounts and the Set￿OMent dai8 1
vK¢iin9. IncgJm8 re￿tI￿j to Ihe settlament agre￿ent with Baih & North East .qtsm•rs&t th¥neil to rosttsra and
Improve lh¢ REGreavon fjTouna is raLY)gnis&l vthèn rel8asod ty the Council.
Expi*lllur•
Llabil(Il•s ar& rwnlsed ss 8Xkwndllurg as as Ihere Is a 18gat or construct￿? oblvJalKin committing the
charty to that wpgnditur8, rt prthablo that 8 transler ol Wn0m￿ tenelfts wll t* wulred In sgtit8m8nt and
ltr¢e amount ol thg obligation Can be m8asuied reliabty. Expondilure is awnred l¢y on an ￿rual$ basis and
has been dassilled und8r hgadinos that a03r￿te 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 f01b￿n9 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
ImproveM￿ts to Property
M*in6Yy and erNJFMnent
1￿ on r&lucing balance
25% on re￿cIng blanc¢
No dq)r8c4ation Is t*arged on larxl. Assots cosiwYJ ovor £250 aro witalBe(l.
Inv•*tr￿nts
U61t)d iinfE*StrTrFm5 Inuuoea In inè tya￿n￿ Sheot ai fdr valug (Ihelr mathet vgluel.
Ttte reotls•d and Unre￿15&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 pa￿0d 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 Su￿1￿$ N d￿k{t atsing from changes In
lair y￿U8 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
Unr8S1r￿l￿ lurKls can ￿ used In wlth th8 Charilthe oblecfvos at the dlscretity) ol tt
Truststrs.
RestrtI￿1 lunds can only be used lor parttular tsstdctsd rAJfty)805 Within the objects of th8 charitthè thnrAry.
Restrti￿n8 arisa wh8n speclfled by tho thnor or fvnds are rdsad lor particular restr￿t￿j wrKtsèS.
The chaA(at49 conwany has a siThJle pemian¢nt enth*Mnent whith rowgsents tho tand and t￿ikthn￿ of the Bath
Reugation (knund. As dwibed kn Noi• 23. the rec*gaiion 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* ar￿Unling has tsgn lorthe link8d UnI￿rpOrated charhabL• trusL 509 Note 24.
P•Mlon co￿* •ryl olhr poJt-rnllr•m•nt bomflts
The charitable company opgraies a def1￿￿ ContritrAthc￿ p￿lon sc*9mo. 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 I￿Ogn￿￿a at the s8ttf¢￿nt anw)unt dutr after any ir* discount oflgr8d.
Pr4Mym8nts arg value(J ai thè am￿nE 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 rn￿th8 ￿1$85
Irom th& date of wu$It￿ or oponlro ol th& d8pJslt or simllar account.
Credltor* •nd provision¥
cr￿litorS 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 0￿￿tion can t
moasured or estimat￿ reldJy. Crgthtors aTrJ prowsKJns aT9 nomidly r8>)Jnis8d at their $8*d8m8nt 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 $6tt16M￿l V￿U8.
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 over￿1 land value that r•L*es to buik&rKJs on the tharit*Ae laTrl.
Tho chathable conwy includ8s its land and buikjws at an estimated deem&l c£Jst I v*ualion 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 Son*rset Counol thnalh)ns
Other th)nations
123.216
Undgf the $8ttbTnarn agre9m￿t with Bath & Nclth East Sjrnarsei cou￿1 tlw agr88d to to £2m to
rastore and improve the r￿ation oround and lollmng a vartation bj thg ￿J￿rnont, tl* Glasshousè plafvo
2021
2020
Rgnt Irom Bath & North East Somwset &)undJ
DvkleThY Incon
Dw$it acetsunt Intmt
Other Int8r6st I￿81¥ab
175,658
23,401
185
657
175.611
28.289
612
INCOME FR￿1 CHARITABLE AcrvmE8
2021
B*h Ru
other inco
Grants
250,748
24.844
95,931
R•ntsl Incom?
Thè charily has tha follo￿￿4 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• Y￿19
8,757,891
9&3,S14
Pauw 13
nllnugd...

Ll
In
CHARITABLE ACTivmES COSTS
SuFWt
Costs Ise8
r￿le 61
Ditsct
Costs
Total&
P¥￿I$lOn ol recreatlonèl ladlrttes and
8UFwrtiro gvents ¢￿sIste￿ with th
charit81Ye oblects
PPORT COSTS
Govern
Other
TotaL8
ProvL8ron ol recrealiond ladthles
SUFporUng evènts ojnslstentwtth th8
ch￿lIat￿O rt$l￿ts
NET INCOIIW(EXPENDITURE)
Net WTO)mpllgxFendtturel L8 stat￿ after Chwyl￿(C¥edrtlngl'.
J20
D8￿￿1￿10n. own￿1 ass8ts
AIIDITO￿ REMUNERATION
2021
2020
Fees payaÈ40 to thg charfty* auditors lor ihe autht ol ihe Ch*Ity￿ financ
st*emgnts
Fees payatk to the charltys auditors lor other saN*x.'
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 R￿reall0￿ 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
tr￿SInesS.
Thor8 ww8 no other twst•6S' Terrwnèralljn or b8ngfits for thg year endgd 31 2021 nor lor the y8af ended
31 March 2020.
Page14
ntir￿ad...

TRUSTEES, REMUIERATI(XI AND BENEFITS- ¢onlIn￿l
During th& year relnknrsed gxpgns&s totdlng £19412020: £3131 were to Iwo12020: buslges for traver
and trankng.
10.
2020
Wages and salarios
Soclal seCu￿ty cc6ts
Other Fension costs
197.123
15,009
151.212
8.097
5.107
218.$47
In¢*thd in wag9s and S￿ar1e$ ar¥ rethndancy paym8nts amountlng to £14.25612020. ￿11.
Thg avarage monthly number ol dur5ng the ye8rwas 8$ follows".
Man&Jemenl and *lminls1rat￿n
Sy)rts txa¢hing
2021
2020
Thé nurthr ol •mpW8s whos• onWoyè8 bgneffts {•xduthng ¢M￿0Ye￿ perS￿n eo$tsi 9x￿ded £60.￿0 was..
2020
£60.rJJ1 - £70,000
£70,001- £80.OCKJ
Thg ty mana9oment P9rsonnel ol fv charity cryrise thg tru$tpe5 arKI tho Cthlef Ex￿t￿9, to whom
reSponsi￿lIty lor th& day-to-day act￿￿eS of tha charity Is delegaied. The total ￿m￿OYee ben8ffts le￿iVed by
key manag8w￿nI P8rsonnel durlng the year werè £74.94612020.' £61,316>.
COMPARATIVES FOR THE STATEIAENT ￿ RNANCIAL ACTivmES
UnreStr￿t
Rtr5triGted Enthjwrn￿1
lund
luTrJs
fund
11.
Total
funds
INCOME AND ENDOWMENTS FROM
Dona￿0￿$ andlggaoes
7.000
471,226
Ch•rlt•tsl•aGll¥l¢l
Provision ol recreallonal l&llfti8s and
8UFPJrting events ￿nSistent with the
arItab￿ cbjg1*8
400.028
Investn*nt 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. contln4*d
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)ff*nt
LarKI and
t￿ik￿1n
Glasshouse
bulkllng
T0￿S
At 1 April 2020
A(klltK*ns
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 t*lween 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)nsKlQr￿I Feric&lknaly aml commw¢I￿ V￿￿ationS arè to laolitaio Ihls. Tho Lltèsi
valuatk)n was obialnèl Ifom Lang lasa1￿ dated June 2017.
The Lond and ￿Ik11ngy of the Bath R￿r￿at￿)n Ground arè hold ty a I￿kod 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 t￿ome 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 V￿u9 the land in its finan￿81 statements.
The leagehohJ ol (hg L4asshous8 playing liglds ￿nerate a sm811 Incom8, but the incom8 g8nèrat8d ￿Tr￿tty
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￿￿.
Pa￿16
eontintsed...

Llm
Is. FIXED ASSET IMVESTMElnS
Investmeni
p)rtloJio
MARKEf VALI
At 1 April 2020
AiklitwJns
txsposals
RaV￿U4￿0nS
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 rwwt*l by..
h)v0slw￿nt
)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￿$t￿nt WCP6ty buHi on the Bath R￿at1￿ Ground 15 hekl ty a linkwj tharity - th8 Bath Recrèati
Gfound Trust.
Bath Sporys & Lgisurg &ntr8 bOGwne part of the Trusfs a5sgts I￿￿vIrg a of the Charity T￿unal in
Plarch 2014 whth was rellerxed In aft O￿or ol th& TrIbUr￿ in A)ril 2014. Attathed to thg assot is an oblyatKJn to
demolish Itt8 bullding when it ￿c￿*S Ihe expired. It was not wssiLqe to rKognkn the vath ol ttie s￿rts aNI
Lelsure Centre tully until agreemont was r￿ched 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 arrargen*nts Mth Bath and Nonh East
SOme￿t Courril which r$5utted in Bath North East Somorset Council paying substanlld rent to tho Trust
from l Aprll 2014 and aswm¥y tho Obl￿￿10ft to derTh)Ilsh. The lease ancillary d¢xumants were complei•l
on 22 Juty 2016 and the full valuathjn Inc1￿￿TrJ the Sports a￿1 Ldsure Cèrrtre was included (n Itt* ygar gnd•J 31
Marth 2018.
Tho £I.700,C￿0 vauaik)n ol th8 land and twiklings 8$ 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
Unlestr￿ted
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•$trl¢tod lunds
G￿eT￿ fund
2.￿1,829
250.002
424,591
2.906.422
Ao•trl¢t•(I lund$
Bath & North East Stsft*tset Council
1.375
1¥6.216
1424,S911
endO￿nI fuThlg
B*h 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 COU￿01
123,216
I￿,218
TOTAL FUIIDS
373218
Comp•r•tlM for MOV￿OnI 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 SO￿r89t Counc41
464.228
11 R2.11S11
301.375
Endowment luThl•
Bath R￿￿a￿on 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 re8￿1ct6d fund iepres8nts the of the f2 mlllron fuTh*ng r8c8lved Iiom 8aih & Nonh East Somerset
Cotsnul under sett￿m￿l a9r8err￿1 to restore wyl Improve the reCr￿lI1)n ground a￿1 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 t￿￿dingS known as The Remtion Gr￿nd
lh8 Sports Contrg1)vilt UFon11.
The tran￿er represents th8 hAKJing Irom Bath & Norttt East Somersel Coundl Ihat has bggn spent in the ygar
matnly ￿ Improvaments to t1￿ Gla8shousa praying liokts.
Pa￿19
contlnugd...

*+£
19.
coimMGENT LIABILITIES
The charity are party lo a Court of AFP8al hearfng r8garthty histor￿ Fv*ny Mvenants relating to Its RamatK)
Ground. The hearing carrles a lithlty 01 £20,CW)0 - £30,000 for ￿$1$ wh￿h have beèn conth8r8d ané
autho￿ Truste8s
RELATED PARTY DISCLOSURES
Dul￿g 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
Act1￿1￿8}
Adlugtmwjts for:
Deprecjatbn chaffJos
IGainh7osses on investrnonts
Inter8$1 reco1￿1
In¢reaso in debtors
Increasell(*r8asel In ¢r8dltoffs
373,218
452,097
,262
{236.4331
18421
156,2501
71,411
99.216
152,255
11,498
133,5611
Nèt provlded by opwaUon•
ANALYSIS OF CHANGES IN MET FUMDS
Al 1.4.20
Cash Ilt)w
Al 31.3.21
Cash at bank and in hand
778,845
Totsl
778,84S
CORPORATE sTR{￿TuRE AND LINKED CHARITY
Th8 tharftat48 tr)￿vanY 1$ 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, I￿t
had no acfvities or Iransactk)nÈ until l Jantsary 2018 whgn it look ovor the old tru¥tb assets arKI op8raIS￿1s, 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