## ||||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| ## ## ## ## ## ## ##