2022-01-31-accounts - The Bath Preservation Trust Ltd

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				Page
Reference and administrative details ofthe charity,		its trustees	and advisers
Trustees' report				2-11
Independent	auditors' report			12 - 14
Consolidated	statement offinancial activities			15
Consolidated	and Company balance sheets			16
Consolidated	statement of cash flows			17
Notes tothe	financial statements			18-37

FOR THE	Y	EAR ENDED	31 JANUARY 2022	31 JANUARY 2022	31 JANUARY 2022	31 JANUARY 2022	31 JANUARY 2022
Trustees			Thomas Sheppard, Chair "' Diane Aderyn 4s' Douglas Creed (co-opted 15July 2021, elected 19 Robert Dunton ''					October		2021) '
			Julie Finch
			David Hall sa Peta Haii'" Bruce Haines "' Robert Hellard (resigned 19October Colin Johnston ' Tom Marshall '"' Simon Morray-Jones ' Victoria Thornton ct 4r		2022) '
			denotes members	of the Advocacy	and	Campaigns			Committee
			denotes members	of the Architecture,		Planning		and Place Committee
			denotes members	of the Beckford	Tower		Trust Advisory			Committee
			denotes members	of the Finance	Committee
			denotes members	of the Museums	and	Education		Committee
			denotes members	ofthe Herschel	Museum		Advisory		Committee
			denotes members	of the Recruitment		Committee
Company	registered
number			294789
Charity registered
number			203048
Registered		office	1 Royal Crescent
			Bath
			BA1 2LR
Independent		auditors	Bishop Fleming LLP
			Chartered Accountants
			10Temple Back
			Bristol
			BS1 6FL
Bankers			Lloyds Bank
			47 Milsom Street
			Bath
			BA1 1DN
			CAF Bank Ltd
			25 Kings Hill Avenue
			West MaBing
			Kent
			ME194JQ
Solicitors			Stone King
			13Queen Square
			Bath
			BA1 2HJ

				Restricted	Endowment
			Unrestricted funds	funds	funds	Total funds	Total funds
			2022	2022	2022	2022	2021
		Note	E	E	E	E
INCOME AND ENDOWMENTS	FROM:
Donations, legacies and grants			126,538	1,328,062	-	1,454,600	970,871
Charitable activities			316,188			316,188	153,309
Other trading activities			45,483			45p483	21,210
Investments			95,231			95,231	91,644
TOTAL INCOME			583,440	1,328,062		1,911,502	1,237,034
EXPENDITURE ON:
Raising funds			52,458			52,458	36,473
Charitable activities			120,672	1,449,138		1,569 810	838,486
TOTAL EXPENDITURE			173,130	1,449,138		1,622,268	874,959
NET INCOME
BEFORE INVESTMENT GAINS			410,310	(121,076)		289,234	362,075
Net gains/(losses) on investments		12	47,547		5,224	52,771	6,089
NET INCOME BEFORE
OTHER RECOGNISED
GAINS AND LOSSES			457,857	(121,076)	5,224	342,005	368,164
TRANSFERS BETWEEN FUNDS		16	(41,383)		41,383
NET MOVEMENT IN FUNDS			416,474	(121,076)	46,607	342,005	368,164
RECONCILIATION OF FUNDS:
Total funds brought forward			1,702,222	1,030,338	291,126	3,023,686	2,655,522
TOTAL FUNDS CARRIED FORWARD			2,118,696	909,262	337,733	3,365,691	3,023,686

			GROUP	GROUP	COMPANY	COMPANY
			2022	2021	2022	2021
		Note	E	E	E	f,
FIXEDASSETS
Tangible Assets		11	1,356,058	1,375,273	836,447	852,193
Investments		12	827,215	774,023	537,039	499,435
			2,183,273	2,149,296	1,373,486	1,351,628
CURRENTASSETS
Stocks		13	12,140	13,492
Debtors		14	251,980	33,806	286,484	34,927
Cash at bank and in hand		19	1,140,281	980,520	729,884	740,164
			1,404,401	1,027,818	1,016,368	775,091
CREDITORS: amounts	falling due
within one year		15	(187,816)	(109,261)	(146,207)	(102,650)
NET CURRENT ASSETS			1,216,585	918,557	870,161	672,441
TOTAL ASSETS LESS	CURRENT LIABILITIES		3,399,858	3,067,853	2,243,647	2,024,069
CREDITORS: amounts	faging due in more
than one year		15	(34,167)	(44,167)	(34,167)	(44,167)
NET ASSETS			3,365,691	3,023,686	2,209,480	1,979,902
CHARITY FUNDS
Endowment funds		16	337,733	291,126	231,991	231,991
Restricted funds		16	909,262	1,030,338	316,777	454,336
Unrestricted funds		16	2,118,696	1,702,222	1,660,712	1,293,575
TOTAL FUNDS			3,365,691	3,023,686	2,209,480	1,979,902

						2022	2021
					Note	E	E
Cash flows from operating		activities
Net cash (used in)/provided		by operating	activities		18	76,897	335,597
Cash flows from investing		activities
Dividends, interest and rent		from investments				95,231	91,644
Purchase of tangible fixed	assets						(100,575)
Purchase of investments						(6,534)	(7,945)
Net cash (used in)/provided		by investing		activities		88,697	(16,876)
Cash flows from financing		activities
Cash inflows from new borrowings/(outflows				from repayments)		(5,833)	50,000
Net cash (used in)/provided		by financing		activities		(5,833)	50,000
Change in cash and cash equivalents in the				year		159,761	368,721
Cash and cash equivalents	brought forward					980,520	611,799
Cash and cash equivalents	carried forward					1,140,281	980,520

			Unrestricted	Restricted	Endowment
			funds	funds	funds	Total funds	Totalfunds
			2022	2022	2022	2022	2021
			E	6	E	6	E
Legacies			15,000	2,502		17,502
Donations			4,548	19,262		23,810	30,805
Grants			4,000	256,498		260,498	171,825
Grants	- coronavirus	related	102,990	1,049,800		1,152,790	768,241
			126,538	1,328,062		1,454,600	970,871
Total2021			210,006	760,865		970,871

						Unrestricted	Restricted	Endowment
						funds	funds	funds	Total funds	Total funds
						2022	2022	2022	2022	2021
						E	E	6	E	E
	Museums	admissions			income	292,888			292,888	128,444
	Other museums			income		12,487			12,487	9,052
	Membership		income			10,813			10,813	15,813
						316,188			316,188	153,309
	Total2021					153,309			153,309
4.	TRADING	ACTIVITIES
						Unrestricted	Restricted	Endowment
						funds	funds	funds	Total funds	Total funds
						2022	2022	2022	2022	2021
						5	6		E	E
	TRADING	INCOME
	No. 1 Royal Crescent				(Bath) Limited	38,816			38,816	20,096
	Other					6,667			6,667	1,114
						45,483			45,483	21,210
	FUNDRAISING			TRADING EXPENSES
	No. 1 Royal Crescent				(Bath) Limited	27,424			27,424	16,783
	Other					3,109			3,109	364
						30,533			30,533	17,147
	Net income		from trading activities			14,950			14,950	4,063
5.	INVESTMENT			INCOME
						Unrestricted	Restricted	Endowment
						funds	funds	funds	Tote(funds	Totalfunds
						2022	2022	2022	2022	2021
						E	E	6	6	E
	Investment		income		- rent	82,670			82,670	74,481
	Investment		income		- listed
	investments			and bank interest		12,561			12,561	17,163
						95,231			95,231	91,644
	Total 2021					91,644			91,644

			Unrestricted	Restricted	2022	2021
			E	6	E	E
Wages and salaries			88,129	415,831	503,960	487,444
Premises costs:
Insurances			13,603	16,636	30,239	27,869
Repairs and maintenance			24,794	49,455	74,249	25,003
Major projects				81,196	81,196	4,337
Heat and light			21,815		21,815	21,700
Other premises	costs		39,047	8,865	47,912	23,666
Opening costs:
Interpretation/conservation			4,221	474,009	478,230	5,397
Leaflets and advertising			13,464	39,951	53,415	6,700
Guides and other opening		costs	11,168	56,158	67,326	44,141
Costs of members'	support		2,471	5,796	8,267	2,064
Administration:
Office and other	costs		31,247	93,853	125,100	44,799
Auditors' remuneration			7,471	7,800	15,271	7,909
Professional fees			8,448	11,908	20,356	64,579
Depredation			5,030	14,185	19,215	44,728
Other costs:
Contribution to	WHSEF		5,000		5,000
WHSEF grants				18,259	18,259	28,150
Overheads met from NLHF		grants	(155,236)	155,236
Total			120,672	1,449,138	1,569,810	838,486
ANALYSIS OF EXPENDITURE		BY EXPENDITURE	TYPE
		Staff costs	Depreciation	Other costs	Total	Total
		2022	2022	2022	2022	2021
			E	E	6	E
Expenditure on raising funds
Shops and weddings		4,715		25,818	30,533	17,147
Rental property	costs			15,812	15,812	12,526
Investment management		fees		6,113	6,113	6,800
		4,715		47,743	52,458	36,473
Expenditure on charitable
activities		503,960	19,215	1,031,364	1,554,539	830,577
Expenditure on governance				15,271	15,271	7,909
		508,675	19,215	1,094,378	1,622,268	874,959
Total2021		488,922	44,728	341,309	874,959

This is stated
	2022	2021
	E	6
Depreciation of tangible fixed assets: - owned by the charitable group	19219~44 12

			Freehold	Heritage	Fixtures and	Office
			property	assets	fittings	equipment	Total
TRUST			E	E	E	E	E
COST
At 1 February	2021		774,969	46,433	365,893	89,955	1,277,250
At 31 January	2022		774,969	46,433	365,893	89,955	1,277,250
DEPRECIATION
At 1 February	2021				346,887	78,170	425,057
Charge for the	year				9,646	6,100	15,746
At 31 January	2022				356,533	84,270	440,803
NET BOOK VALUE
At 31 January	2022		774,969	46,433	9,360	5,685	836,447
At 1 February	2021		774,969	46,433	19,006	11,785	852,193
FIXED ASSET INVESTMENTS
							Total
CONSOLIDATED							E
MARKET VALUE
At 1 February	2021						774,023
Withdrawals/additions							6,534
Revaluations							52,771
Fund management		fees					(6,113)
At 31 January	2022						827,215
CONSOLIDATED INVESTMENTS			AT MARKET	VALUE COMPRISE:
						2022	2021
						E	E
Listed investments						827,215	774,023

	units in the Sarasin	Endowmen	t Fund.
					Shares in
				Listed	group
				securities	undertakings	Total
	TRUST			E	E	E
	MARKET VALUE
	At 1 February 2021			499,433	2	499,435
	Withdrawals/additions			6,323		6,323
	Revaluations			35,991		35,991
	Fund management	fees		(4,710)		(4,710)
	At 31 January 2022			537,037	2	537,039
	COMPANY INVESTMENTS AT		MARKET VALUE COMPRISE:
					2022	2021
					E	6
	Listed investments				537,037	499,433
	Group				2	2
	Total				537,039	499,435
	All the fixed asset investments		are held in the UK.
13.	STOCKS
			CONSOLIDATED			TRUST
			2022	2021	2022	2021
			E	E	E	E
	Goods for resale		12,140	13,492

DEBTORS
						CONSOLIDATED			TRUST
						2022	2021	2022	2021
						E	E	K	E
Amounts owed		by group		undertakings				39,140	17,303
Trade debtors						625	7,007	275	1,093
Prepayments	and accrued income					251,355	26,799	247,069	16,531
						251,980	33,806	286,484	34,927
CREDITORS
						CONSOLIDATED			TRUST
						2022	2021	2022	2021
						8	E	E	E
Trade creditors						124,077	69,350	98,824	67,729
Other taxation		and social security				14,955	6,904	10,134	7,142
Other creditors						14,164	14,640	14,132	14,640
Accruals and deferred			income			24,620	12,534	13,117	7,306
Bank loans	- repayments			due within one year		10,000	5,833	10,000	5,833
						187,816	109,261	146,207	102,650
AMOUNTS	FALLING		DUE AFTER MORE THAN ONE YEAR:
						CONSOLIDATED			TRUST
						2022	2021	2022	2021
						E	E	6	E
Bank loans	- repayments			due after more	than
one year						34,167	44,167	34,167	44,167
						34,167	44,167	34,167	44,167
Bank loans	represent		amounts outstanding		under the Bounce		Back Loan Scheme:
Repayments	due within			one year		10,000	5,833	10,000	5,833
Repayments	due within			two to five years		34,167	44,167	34,167	44,167
						44,167	50,000	44,167	50,000

	Balance at
	1 February			Transfers	Gains/	Balance at 31
	2021	Income	Expenditure	in/out	(Losses)	January 2022
	E	E	E	E	E	E
DESIGNATED FUNDS
Invested in proper'ty	542,978					542,978
Future maintenance	529,907			41,252		571,159
Future loss ofincome	263,439			8,085		271,524
Operating costs	25,600					25,600
Cari and Jeannette Mays Fund	114,515		(803)			113,712
	1,476,439		(803)	49,337		1,524,973
GENERAL FUNDS
Bath Preservation Trust	225,680	378,059	(74,546)	28,436	35,991	593,620
Herschel House Trust		103,369	(47,883)	(61,732)	6,246
Beckford Tower Trust		44,278	(20,600)	(28,988)	5,310
No. 1 Royal Crescent Ltd	103	57,734	(29,298)	(28,436)		103
TOTAL FREE RESERVES	225,783	583,440	(172,327)	(90,720)	47,547	593,723
TOTAL UNRESTRICTED FUNDS	1,702,222	583,440	(173,130)	(41,383)	47,547	2,118,696
ENDOWMENT FUNDS
Beckford Tower Trust	59,135			41,383	5,224	105,742
Bath Preservation Trust	231,991					231,991
	291,126			41,383	5,224	337&733

			Balance at
			1 February			Transfers	Gains/	Balance at 31
			2021	Income	Expenditure	in/out	(Losses)	January 2022
			E	E	E	E	E
BPTAssets:
Museum Exhibits			26,160					26,160
The Whole Story			8,294					8,294
MoBA Display cases			11,514		(5,757)			5,757
NLHF grant assets			13,509		(61754)			6,755
BPTFunds:
WHSEF			49,730	30,050	(21,695)			58,085
Donations for Education			1,685					1,685
Costumed Interpretation			3,850		(3,850)
Bath in Time			3,764					3,764
BGS Cayser Charitable		Trust	14,200		(13,412)			788
NLHF CRF grants			297,55'I	1,030,802	(1,148,232)			180,121
Other grants			24,079	8,986	(7,697)			25,368
			454,336	1,069,838	(1,207,397)			316,777
BTTAssets:
Cabinet			64,000					64,000
Coffer			324,000					324,000
Beckford book/letters			3,831					3,831
The Paddocks			80,312					80,312
BTTFunds:
Cemetery costs			2,146			(2,146)
Rimington Legacy			49,916					49,916
Beckford Project Phase		1	25,870	28,065	(20,357)	2,146		35,724
"Our Tower" NLHF Project			(14,865)	172,676	(190,804)			(32,993)
NLHF CRF grants				3,196	(3,196)
Other grants			66	425				491
			535,276	204,362	(214,357)			525,281
HHT Assets:
Museum Exhibits			23,825					23,825
Display cases			2,838		(1,674)			1,164
HHT Funds:
Royal Astronomical	Society		8,974			(20)		8,954
Spark grant			4&359	5,647	(9,908)			98
Other grants			730	2,058		20		2,808
NLHF CRF grants				15,802	(15,802)
NLHF Herschel 200				30,355				30,355
			40,726	53,862	(27,384)			67,204
TOTAL RESTRICTED	FUNDS		1,030,338	1,328,062	(1,449,138)			909,262
TOTAL OF FUNDS			3,023,686	1,911,502	(1,622,268)		52,771	3,365,691

STATEMENT OF FUNDS - PRIOR	YEAR
	Balance at 1
	February			Transfers	Gains/	Balance at 31
	2020 f.	Income E	Expenditure E	In/out E	(Losses) E	January 2022 f
DESIGNATED FUNDS
Invested in property	542,978					542,978
Future maintenance	512,852			17,055		529,907
Future loss of income	268,777			(5,338)		263,439
Operating costs	25,600					25,600
Carland Jeannette Mays Fund	116,535	2,960	(4,980)			114,515
	1,466,742	2,960	(4,980)	11,717		1,476,439
GENERAL FUNDS
Bath Preservation Trust	192,702	356,993	(339,389)	-	15,374	225,680
Herschel House Trust		60,565	(50,366)	5,338	(15,537)
Beckford Tower Trust		35,555	(24,752)	(17,055)	6,252
No. 1 Royal Crescent Ltd	2,493	20,096	(22,486)			103
TOTAL FREE RESERVES	195,195	473,209	(436,993)	(11,717)	6,089	225,783
TOTAL UNRESTRICTED FUNDS	1,661,937	476,169	(441,973)		6,089	1,702,222
ENDOWMENT FUNDS
Beckford Tower Trust	59,135					59,135
Bath Preservation Trust	231,991					231,991
	291,126					291,126

						E	E
BPTAssets:
Museum Exhibits				26,160				26,160
The Whole Story				30,148		(21,854)		8,294
MoBA Display cases				17,271		(5,757)		11,514
NLHF grant assets					20,263	(6,754)		13,509
BPTFunds:
WHSEF				79,809	507	(30,586)		49,730
Donations for Education				1,620	500	(435)		1,685
Costumed Interpretation				4,280		(430)		3,850
Bath in Time				3,764				3,764
Exhibition grants				6,008	2,553	(7,636)		925
BGS Cayser Charitable		Trust		14,200				14,200
Coronavirus donations		(planning)			4,000	(4,000)
NLHF Emergency grant					155,116	(155,116)
NLHF CRF grant					405,154	(107,603)		297,551
Other grants				23,719		(565)		23,154
				206,979	588,093	(340,736)		454,336
BTTAssets:
Cabinet				64,000				64,000
Coffer				324,000				324,000
Beckford book/letters				3,831				3,831
The Paddocks					80,312			80,312
BTTFunds:
Cemetery costs &other		grants		2 212	184	(184)		2,212
Rimington Legacy				49,916				49,916
Beckford Project Phase		1		10,881	20,288	(5,299)		25,870
"Our Tower" NLHF Project					51,986	(66,851)		(14,865)
				454,840	152,770	(72,334)		535,276
HHT Assets:
Museum Exhibits				23,825				23,825
Display cases				4,512				2,838
HHT Funds:
Royal Astronomical	Society			8,974				8,974
Other grants				586	2,301	(79)		2,808
Spark grant				2,743	6,176	(4,560)		4,359
AIM Collection Care					2,058	(4,136)		(2,078)
NLHF CRF and Emergency			grants		9,467	(9,467)
				40,640	20,002	(19,916)		40,726
TOTAL RESTRICTED	FUNDS			702,459	760,865	(432,986)		1,030,338
TOTAL OF FUNDS				2,655,522	1,237,034	(874,959)	6,089	3,023,686

		Balance at
		1 February			Transfers	Gains/	Balance at 31
		2021	Income	Expenditure	in/out	(Losses)	January 2022
		E	E	E	E	E	E
Designated	funds	1,476,439		(803)	49,337	-	1,524,973
General funds		225,783	583,440	(172,327)	(90,720)	47,547	593,723
		1,702,222	583,440	(173,130)	(41,383)	47,547	2,118,696
Endowment	funds	291,126			41,383	5,224	337,733
Restricted	funds	1,030,338	1&328,062	(1,449,138)			909,262
		3,023,686	1,911,502	(1,622,268)	-	52,771	3,365,691

SUMMARY	OF FUNDS	- PRIOR	YEAR
			Balance	at	1
			February					Transfers		Gains/	Balance at 31
				2020		Income Expenditure		in/out		(Losses)	January 2021
					E	E	E		E		E
Designated	funds		1,466,742			2,960	(4,980)				1,476,439
General funds			195,195			473,209	(436,993)	(11,717)		6,089	225,783
			1,661,937			476,169	(441,973)			6,089	1,702,222
Endowment	funds		291,126								291,126
Restricted	funds		702,459			760,865	(432,986)				1,030,338
			2,655,522			1,237,034	(874,959)			6,089	3,023,686
17.ANALYSIS OF NET ASSETS			BETWEEN	FUNDS
ANALYSIS	OF NET ASSETS BETWEEN FUNDS				- CURRENT YEAR
						Unrestricted	Restricted		Endowment
						funds	funds			funds	Totalfunds
						2022		2022		2022	2022
						E		6		E	E
'Tangible fixed assets						579,598	544,469			231,991	1,356,058
Fixed asset investments						721,473				105,742	827,215
Current assets						1,039,608	364,793				1,404,401
Creditors	due within	one year				(187,816)					(187,816)
Creditors	due after more than		one year			(34,167)					(34,167)
						2,118,696	909,262			337,733	3,365,691
ANALYSIS	OF NET ASSETS BETWEEN FUNDS				- PRIOR YEAR
						Unrestricted	Restricted		Endowment
						funds		funds		funds	Totalfunds
						2021		2021		2021	2021
						E		E		E	E
Tangible fixed assets						584,628	558,654			231,991	1,375,273
Fixed asset investments						714,888				59,135	774,023
Current assets						556,134	471,684				1,027,818
Creditors	due within	one year				(109,261)					(109,261)
Creditors	due after more than		one year			(44,167)					(44,167)
						1,702,222	1,030,338			291,126	3,023,686

				2022	2021
				E	E
Net income	for the year (as per Statement		of Financiai Activities)	342,005	368,164
Adjustment	for:
Depreciation	charges			19,215	44,728
Loss/(gain)	on investments			(52,771)	(6,089)
Dividends,	interest	and rents from investments		(95,231)	(91,644)
Investment	management fees			6,113	6,800
Decrease/(increase)		in stocks		1,352	8,525
Decrease/(increase)		in debtors		(218,174)	(11,702)
Increase/(decrease)		in creditors		74,388	16,815
Net cash (used in)/provided by operating			activities	76,897	335,597
19. ANALYSIS OF		CASH AND CASH EQUIVALENTS
				2022	2021
				E	E
Cash at bank and in		hand		1,140,281	980,520
Total				1,140,281	980,520