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2022-03-31-accounts

Page
Reference and Adrnlnlstratlve
Details
Report ofthe Trustees 2 to 5
Report ofthe Independent
Auditors		 6 to 8
Statement ofFlnanctal Actlvltles
Balance Sheet 10
Cash Flow Statement
Notes to the Flnanclal Statements 12 to 21
TRUSTEES David Durdan
Angels
Lewis
Martin Herman CBE
Keziah Trump
Jason Dalley
Stephen Tanner (resigned 19.10.21)
Naomi Defrosnd
Mark Powell
REGISTERED OFFICE Pulteney
Mews
Bath
BA2 4DS
REGISTERED COMPANY NUMBER 10735297(England and Wales)
REGISTERED CHARITY NUMBER 1173521
AUDITORS Monahans
Statutory
Auditor
Chartered
Accountants
Fortescue House
Court Street
Trowbridge
Wlltshlre
BA14BFA
BANKERS HSBC
41 Southgate
Bath
BA1 1TN
SOLICITORS Veale Wansborough Vlzards
Narrow Quay House
Narrow Quay
Bristol
BS14QA
Clarke Wilmott LLP
1 George Square
Bath Street
Bristol
BS16BA
INVESTMENTIIIIANAGER Investec Wealth & Investment Limited
3Temple Quay
3Temple Back East
Bristol
BS16DZ

2022 2021
Unrestricted Restricted Endowment Total Total
INCOME AND ENDOWMENTS Notes fund
f		 funds fund funds
6		 fundsf
FROM
Donations
and legacies		 2 118,600 118,800 162,966
Charitable
activities		 4
Provision ofrecreational facilities
and supporting
events consistent
with the charitable objects
435,006 379,768
Investment
income		 -3 197527 197527 199901
Total 751,133 751,133 742,635
EXPENDITURE ON
Charitable
activities		 5
Provision ofrecreational facfiities
and supporting
events consistent
with the charitable objects
781,076 78'i,076 605,850
Net gains on investments ~43653 1,970000 2013,653 236433
NET INCOME 13,710 1,970,000 1,983,710 373,218
RECONCILIATION
OF FUNDS
Total funds brought
forward		 2,906,422 4110953 7017375 6644157
TOTAL FUNDS CARRIED
FORWARD 2,920 132 - ~6080,953 ~9001 085 7017375

gala~ca
8hiELt
31 March
022
2022 2021
Notes 2
FIXEDASSETS
Tangible assets		 12 3,787,858 3,789,776
Investmsnts
Investments
Investmsnt
property		 13
14		 1,189,412
3,870000		 1,135,055
1,700,000
8,647,270 6,624,831
CURRENT ASSETS
Debtors
Cash at bank		 15 12,495
~19515		 154,257
402 302
532,010 556,559
CREDITORS
Amounts
falling dus within one year		 16 (178,195) (164,015)
NET CURRENT ASSETS 35381~ 392 544
TOTAL ASSETS LESSCURRENT LIABILITIES 9,001,085 7,017,375
NET ASSETS 9001,085 7 017375
FUNDS
Unrestricted
funds
Endowment
funds		 18 2,920,132
8080,953		 2,906,422
4110953
TOTAL FUNDS 9001,085 7017375,
f orths Year Ende d
1 March 2 22
Notes 2022f 2021
Cash flows from operating
activities
Cash generated
from operations		 22 241 970 241 366
Net cash provided
by operating
activities		 241 970 ~241 366
Cash flows from investing
activities
Purchase oftangible
fixed assets
Purchase offixed asset investments
Sale offixed asset Investments
Investment
fees charged
Interest received		 (115,186)
(486,971)
464,863
11,404
~1133		 (604,207)
(276,607)
252,549
9,514
842
Net cash used
in investing
activities		 ~124757) ~617909)
Change
in cash and cash equivalents		 in
the reporting
period
Cash and cash equivalents
at the		 117,213 (376,543)
beginning
ofthe reporting
period		 ~402 302 778 845
Cash and cash equivalents
at the end		 of
the reporting
period		 519,515 402 302

INVESTMENT INCOME
2022f 2021f
Rent from Bath & North East Somerset Council
Dividend
income
Deposit account Interest
Other interest receivable		 175,367
21,027
1,080		 175,658
23,401
185
657
~197 527 199,901
INCOME FROM CHARITABLE ACTIVITIES 2022 2021
Provision
of
recreational
facilities
end
supporfing
events
consistent
with the Total
chantable
f		 activities
f
Beth Rugby
Other Income
Grants		 323,732
75,274
36000		 250,748
24,844
~104 176
~435006 ~379768

Due within two Due within two and five
Due In more than		 and five
Due In more than
Rental income due Due within one year
426,500		 years
983,514		 five years
8,582,891
CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs
f		 note 6)
f		 Totals
Provision
ofrecreational		 facilities and
supporting
events consistent		 with the
charitable
objects		 710235 ~70 841 781 078
SUPPORT COSTS
Governance
Other costs Totals
Provision ofrecreational facilities and 2 8
supporting
events consistent		 with the
charitable
objects		 ~16 889 ~53 952 ~70 841
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2022 2021
2
Depreciation
-owned assets
Deficit on disposal
offixed assets		 117,014
90		 90,262
AUDITORS' REMUNERATION
2022
8		 2021f
Fees payable
to the charity's		 auditors for the audit ofthe charity's financial
statements
Fees payabls to the charity's		 auditors for other services: 9,130 8,300
Accounts,
VAT advice and		 payroll ~3284 ~1439
Total audit fees 12,414 9,739

The average monthly
number ofemployees
dudng
the yea		 r was as follows:
2022 2021
Management and administration 5 5
Sports coaching 1 1

The
key
management
personnel
of the
charity
comprise
the
trustees
responsibility
for the day-to-day
activities ofthe charity is delegated.
The
management
personnel
during the year were 275,809(2021:574,946).		 The
key
management
personnel
of the
charity
comprise
the
trustees
responsibility
for the day-to-day
activities ofthe charity is delegated.
The
management
personnel
during the year were 275,809(2021:574,946).		 The
key
management
personnel
of the
charity
comprise
the
trustees
responsibility
for the day-to-day
activities ofthe charity is delegated.
The
management
personnel
during the year were 275,809(2021:574,946).		 The
key
management
personnel
of the
charity
comprise
the
trustees
responsibility
for the day-to-day
activities ofthe charity is delegated.
The
management
personnel
during the year were 275,809(2021:574,946).		 The
key
management
personnel
of the
charity
comprise
the
trustees
responsibility
for the day-to-day
activities ofthe charity is delegated.
The
management
personnel
during the year were 275,809(2021:574,946).		 The
key
management
personnel
of the
charity
comprise
the
trustees
responsibility
for the day-to-day
activities ofthe charity is delegated.
The
management
personnel
during the year were 275,809(2021:574,946).		 The
key
management
personnel
of the
charity
comprise
the
trustees
responsibility
for the day-to-day
activities ofthe charity is delegated.
The
management
personnel
during the year were 275,809(2021:574,946).		 The
key
management
personnel
of the
charity
comprise
the
trustees
responsibility
for the day-to-day
activities ofthe charity is delegated.
The
management
personnel
during the year were 275,809(2021:574,946).		 The
key
management
personnel
of the
charity
comprise
the
trustees
responsibility
for the day-to-day
activities ofthe charity is delegated.
The
management
personnel
during the year were 275,809(2021:574,946).		 and
the
Chief Executive,
to whom
total employee
benefits received
by key		 and
the
Chief Executive,
to whom
total employee
benefits received
by key		 and
the
Chief Executive,
to whom
total employee
benefits received
by key		 and
the
Chief Executive,
to whom
total employee
benefits received
by key		 and
the
Chief Executive,
to whom
total employee
benefits received
by key		 and
the
Chief Executive,
to whom
total employee
benefits received
by key
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restdcted Endowment Total
fund
f		 funds fund
f		 funds
8
INCOME
Donations		 AND ENDOWMENTS
and legacies		 FROM 39,750 123,216 162,986
Charitable activities
Provision ofrecreational facilities and
supporting
charitable		 events consistent
objects		 with the 379,788 379,768
Investment income 199,901 199,901
Total 619,419 123,216 742,835
EXPENDITURE ON
Charitable activities
Provision ofrecreational facilities and
supporting
charitable		 events consistent
objects		 with the 605,850 805,850
Net gains on Investments ~236 433 ~236433
NET INCOME 250,002 123,216 373,218
Transfers between
funds		 424,591 (424,591)

N
sto
e Fin nclal S
tsments -con nue
for th
Year End
31 March 2022		 N
sto
e Fin nclal S
tsments -con nue
for th
Year End
31 March 2022		 N
sto
e Fin nclal S
tsments -con nue
for th
Year End
31 March 2022		 N
sto
e Fin nclal S
tsments -con nue
for th
Year End
31 March 2022		 N
sto
e Fin nclal S
tsments -con nue
for th
Year End
31 March 2022
CONIPARATIVES FOR THE STATENIENT OF FINANCIAL ACTIVITIES -continued
Unrestricted Restricted Endowment Total
fund
f		 funds
F		 fund funds
f
Net movement
In		 funds 674,593 (301,375) 373,218
RECONCILIATION OF FUNDS
Total funds brought forward 2,231,829 301,375 4,110,953 6,644,157
TOTAL FUNDS CARRIED FORWARD 2 906,422 - 4 110,953 7017,375
TANGIBLE FIXED ASSETS
Land and Glasshouse Improvements
to		 Machinery
and
buildings bufiding
f		 property equipment Totals
COST
At 1 Aprfi 2021
Additions
Disposals		 2,410,953 733,726
11,715		 869,013 195,536
103,471
~285)		 4,209,228
115,186
~285)
At 31 March 2022 2410 953 745441 869013 298 722 4,324,129
DEPRECIATION
At 1 April 2021
Charge for year
Eliminated
on disposal		 1,223
14,909		 300205
56,881		 118024
45,224
~195)		 419,452
117,014
~195)
At 31 March 2022 16132 357086 163 053 536271
NET BOOK VALUE
At 31 March 2022 2410,953 729309 ~51I 927 '~135669 3,787 858
At 31 March 2021 2,410953 732503 568,808 77,512 3,789776

FIXEDASS ETINVESTM ENTS
Shares in
group Investment
undertakings
f		 porffollo Totals
f
MARKET VALUE
At 1 April 2021
Additions
Disposals
Revaluations
Investment
management		 charges 1,135,055
486,970
(464,863)
43,653
~tt 404)		 1,135,055
486,971
(464,863)
43,653
~11,404)
At 31 March 2022 1 ~1189411 ~tt 89,412
NET BOOK
At 31 March		 VALUE
2022		 ~1,189411 ~1189,412
Atilt
March		 2021 ~1135055 ~1135055
There were no investment assets outside the UK.
Cost or valuation
at 31 March 2022 Is represented		 by:
Shares in
group Investment
undertakings
f		 porffolio
f		 Totals
f
Valuation
in		 2022 1 ~1189411 ~tt 89412

Fair value at 31 March 2 022 is represented
by:
Valuation
In 2017
Valuation
in 2022		 f
1,700,000
~1970000
3,670 000
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors		 2022
f
5,134
499		 2021
f
47,300
VAT
Prepayments
and accrued income		 6862 49,264
57693
12495 ~154257
CREDITORS.' AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
Trade creditors
Social security and other taxes
VAT
Accruals and deferred
income		 47,288
6,662
11,022
113,223		 58,382
4,856
100777
178,195 164015

Deferred income at 31 March 2022 off103,075(2021:f71,625) Deferred income at 31 March 2022 off103,075(2021:f71,625) Deferred income at 31 March 2022 off103,075(2021:f71,625) Deferred income at 31 March 2022 off103,075(2021:f71,625) represents income invoiced in advance.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
2022 2021
Unrestricted Restricted Endowment Total Total
Fixed assets
Investments
Current assets
Current
liabilities		 fundf
1,376,905
1,189,412
532,010
~19919		 funds
f		 fundf
2,410,953
3,670,000
funds
f
3,787,858
4,859,412
532,010
~178195)		 funds
f
3,789,776
2,835,055
556,559
~164015)
2 920 132 - ~6080953 9,001085 7,017375
MOVEMENT IN FUNDS
Net
movement At
At 1.4.21
f		 in funds
f		 31.3.22
Unrestricted funds
General
fund		 2,906,422 13,710 2,920,132
Endowment funds
Beth Recreation Ground 4,110,953 1,970,000 6,080,953
TOTALFUNDS 7017,375 1 983,710 9001 085

Net movement
in funds, indu		 ded
in ths above		 are as follows:
Incoming
resources		 Resources
expended		 Gains and
losses		 Movement
In funds
8 E
Unrestricted
funds
General
fund		 751,133 (781,076) 43,653 13,710
Endowment
funds
Bath Recreation
Ground		 1,970,000 1,970,000
TOTAL FUNDS ~751 133 ~81 076) ~2013 653 ~1983710
Comparatlves
for movement
In funds
Net Transfers
movement between At
At 1.4.20
8		 In funds
8		 funds 31.3.21
f
Unrestricted
funds
General
fund		 2,231,829 250,002 424,591 2,906,422
Restricted funds
Bath & North East Somerset		 Council 301,375 123,216 (424,591)
Endowment
funds
Bath Recreation
Ground		 4,110,953 4,110,953
TOTAL FUNDS 6,644,157 373,218 7,017,375
Comparative
net movement		 In funds, induded in the above are as follows:
Incoming
resources
f		 Resources
expended
8		 Gains and
losses
E		 Movement
in funds
8
Unrestricted
funds
General
fund		 619,419 (605,850) 250,002
Restricted funds
Bath 8 North East Somerset		 Council 123,216 123,216
TO'TAL FUNDS ~742 635 605850 ~236 433 ~373 218