2020-12-31-accounts

Contents	Page
Trustees'Report	3
StatementofTrustees'Responsibilities	12
IndependentAuditorsReport	14
StatementofFinancialActivitiesincludingincomeandexpenditureaccount	18
BalanceSheet	19
StatementofCashFlows	20
NotestotheFinancialStatements	21

Post	Postholder	FTE
ChiefExecutiveOfficer	SandyHore-Ruthven	Fulltime
ChiefFinancialOfficer	MarkCoates	Parttime
ChiefOperatingOfficer	JackBeech	Parttime
HeadofFinance& Operations	DeborahGee	Parttime
CreativeProducer	EmilyBull	Fulltime
CreativeDirector	NicholasYoung	Parttime
HeadofYouthServices(Bristol)	KateGough	Parttime
HeadofYouthServices(SouthGloucestershire)	HannahPanes	Fulltime
HeadofFundraising& Communications	MelissaHenry	Parttime

13/09/2021

28 September 2021

									Endowment Total	Endowment Total	funds 2019 £ £	- 15,059 - 4,488,343	- 7,772	- 2,181	- 4,513,355		(35,980) (4,290,864)	(35,980) (4,290,864)	(35,980) (4,290,864)	(35,980) (4,290,864)	(35,980) 222,491 770,452 &		3,929,124	734,472 4,151,615		6,447,378 9,255,099	7,181,850 13,406,714
									Restricted		funds £	- 1,228,590	-	-	1,228,590		(1,336,514)		(1,336,514)		(107,924) (11,329)		-	(119,253)		294,689	175,436
									Unrestricted		funds £	15,059 3,259,753	7,772	2,181	3,284,765		(2,918,370)		(2,918,370)		366,395 (759,123)		3,929,124	3,536,396		2,513,032	6,049,428
									Total		2020 £	13,987 4,326,608	912	2,644	4,344,151		(4,232,335)		(4,232,335)		111,816 =		-	111,816		13,406,714	13,518,530
									Endowment	funds £		- -	-	-	-		(35,980)		(35,980)		(35,980) -		-	(35,980)		7,181,850	7,145,870
									Unrestricted fundsRestrictedfunds £ £			13,987 - 3,372,179 954,429	912 -	2,644 -	3,389,722 954,429		(3,203,429) (992,926)		(3,203,429) (992,926)		186,293 (38,497) - -		a =	186,293 (38,497)		6,049,428 175,436	6,235,721 136,939
											Note	3					4				15		10
StatementofFinancialActivities				YearEnded31December2020							IncomeandEndowmentsfrom:	Donationsandlegacies Charitableactivities Othertradingactivities Investmentincome			TotalIncome	Expenditureon:	Charitableactivities	TotalExpenditure		Netincome/(expenditure) Transfersbetweenfunds		Otherrecognisedgains/(losses):	Gainonrevaluationoffixedassets	Netmovementinfunds	Reconciliationoffunds	Totalfundsbrought forward	Totalfundscarriedforward

13/09/2021

YearEnded31December2020
			2020	2019
		Note	£	£
Cashflowsfromoperatingactivities
Netincome			111,816	222,491
Adjustmentstocashflowsfromnon-cash	items
Depreciation			78,374	106,945
Amortisation			10,956	10,955
Investmentincome			(2,644)	(2,181)
Interestpayable			1,792	1,757
			200,294	339,967
Workingcapitaladjustments
(Increase)/decreaseinstocks			(597)	275
(Increase)/decreaseindebtors		11	166,999	(164,760)
Increase/(decrease)increditors		12	396,272	47,245
Netcashflowsfromoperatingactivities			562,674	222,727
Cashflowsfrominvestingactivities
Interestreceivableandsimilarincome			2,644	2,181
Purchaseoftangiblefixedassets		10	(7,610)	(56,923)
Saleoftangiblefixedassets			-	-
Netcashflowsfrominvestingactivities			(4,966)	(54,742)
Cashflowsfromfinancingactivities
Interestpayableandsimilarcharges			(1,792)	(1,757)
Netincreaseincashandcashequivalents			756,210	166,228
Cashandcashequivalentsat1 January			1,689,538	1,523,310
Cashandcashequivalentsat31December			2,445,748	1,689,538
Allofthecashflowsarederivedfromcontinuingoperationsduringtheabovetwoperiods.
At	1January		Othernon- At31	December
Analysisofnetdebt	2020	Cashflowscashchanges		2020
Cash	1,689,538	756,210	®	2,445,748
Loansfallingduewithinoneyear	(91,877)	-	(1,792)	(93,669)
Total	1,597,661	756,210	(1,792)	2,352,079

Such	instruments	are initially	measured	attransaction price,	including	transaction	costs,	and are
subsequentlycarried		attheundiscountedamountofthecashorotherconsiderationexpectedto						bepaidor
received,aftertakingaccountof			impairmentadjustments.
3.	Incomefromcharitable		activities
				Unrestricted	Restricted	Total		Total
				funds	funds	2020		2019
				£	£	£		£
Estates	andtheStation			815,262	444,167	1,259,429		1,185,096
CreativeDepartment				97,436	144,832	242,268		123,400
Youth	Services			2,459,481	365,430	2,824,911	3,179,847
				3,372,179	954,429	4,326,608	4,488,343

	Activity
	undertaken	Activity	Total	Total
	directly	supportcosts	2020	2019
	£	£	£	£
EstatesandtheStation	647,183	(1,112)	646,071	958,892
CreativeDepartment	175,425	75,190	250,615	175,485
YouthServices	2,650,487	685,162	3,335,649	3,156,487
	3,473,095	759,240	4,232,335	4,290,864

				Premisescosts
	Governance		Human	including	Total	Total
	costs	Office/IT	Resources	depreciation	2020	2019
	£	£	£	£	£	£
EstatesandtheStation CreativeDepartment	3,873 1,354	121,646 42,526	32,571 11,386	(159,202) 19,924	(1,112) 75,190	(23,059) 43,942
YouthServices	13,373	420,043	112,468	139,278	685,162	593,891
	18,600	584,215	156,425	-	759,240	614,774

	2020	2019
	£	£
Operatingleaseexpense	17,581	18,367
Auditors'remuneration- audit	9,650	5,090
Auditors'remuneration- other	2,000	7,458
Depreciationoftangiblefixedassets	78,374	106,945
Amortisationofintangiblefixedassets	10,956	10,955

	2020	2019
	£	£
Wagesandsalaries	2,274,140	2,173,756
Socialsecuritycosts	183,951	171,265
Pensioncosts	68,114	67,173
Terminationpayments	443	4,000
	2,526,648	2,416,194

duringtheyearwasasfollows:
	2020	2019
	No	No
Averagenumberofemployees	122	128

duringtheyearexpressedasfull-timeequivalentswasas	follows:
	2020		2019
	No		No
Fundraising	3		3
Estates	13		15
Creative	4		5
Finance,HR,ITandMarketing	13		12
YouthServices	53		51
	86	B	86

			2020	2019
			No	No
£80,001	-	£90,000	1		-
£90,001	-	£100,000	-		1

Thetotalemployeebenefitsofthekeymanagementpersonnelofthecharitywere£422,012(2019	Thetotalemployeebenefitsofthekeymanagementpersonnelofthecharitywere£422,012(2019	Thetotalemployeebenefitsofthekeymanagementpersonnelofthecharitywere£422,012(2019	-
£439,519).KeymanagementpersonnelareconsideredtobetheninemembersoftheSeniorManagement
Teamaslistedonpage11(2019:tenmembersofstaffwereconsideredkeymanagementpersonnel).
9. Intangiblefixedassets
	Softwareassets	Total
	£	£
Cost
At1 January2020	43,822	43,822
At31December2020	43,822	43,822
Amortisation
At1 January2020	32,866	32,866
Chargefortheyear	10,956	10,956
At31December2020	43,822	43,822
Netbookvalue
At31December2020	-	-
At31December2019	10,956	10,956

10. Tangiblefixedassets
		Leasehold	Fixtures,
		property	fittingsand
	Freeholdproperty	improvements	equipment	Total
	£	£	£	£
Costorvaluation
At1 January2020	11,805,000	190,993	639,682	12,635,675
Additions	-	-	7,610	7,610
Disposals
Revaluation
At31December2020	11,805,000	190,993	647,292	12,643,285
Depreciation
At1 January2020	-	79,496	527,227	606,723
Chargefortheyear	-	7,640	70,734	78,374
Eliminatedondisposals
At31December2020	-	87,136	597,961	685,097
Netbookvalue
At31December2020	11,805,000	103,857	49,331	11,958,188
At31December2019	11,805,000	111,497	112,455	12,028,952

	2020	2019
	£	£
Tradedebtors	9,839	8,371
Otherdebtors	16,078	1,848
Prepayments	43,675	22,121
Accruedincome	-	204,251
	69,592	236,591
12. Creditors:amountsfallingduewithinoneyear
	2020	2019
	£	£
Tradecreditors	247,902	212,598
Othertaxationandsocialsecurity	225,799	153,363
Othercreditors	111,994	113,388
Accruals	59,760	42,992
Deferredincome	310,711	37,553
	956,166	559,894

	2020	2019
	£	£
Withinoneyear	20,785	30,396
Betweenoneandfiveyears	59,166	40,632
	79,951	71,028

buildingsduetothecharitywere:
	2020	2019
	f	£
Duewithinoneyear	390,196	402,395
Duebetweenoneandfiveyears	509,792	405,071
Dueafterfiveyears	-	51,724
	899,988	859,190

	Balanceat	1	Incoming	Resources	Balanceat
	January2020		resources	expended	TranstersilDecaitiber 2020
		£	£	£	£
Endowmentfunds
Expendableendowment	6,010,628		-	(35,980)	5,974,648
Revaluationreserve— theStation	1,171,222		-	-	1,171,222
Totalendowmentfunds	7,181,850		-	(35,980)	7,145,870
Unrestrictedfunds
Designatedcapitalfund- Kingswood	2,411,497		-	(7,640)	2,403,857
Revaluationreserve- Bridewell	2,458,674		-	-	2,458,674
Fixedassetdesignatedfund	98,384		-	(34,754)	63,630
	4,968,555		-	(42,394)	4,926,161
Generalunrestrictedfund	1,080,873		3,389,722	(3,161,035)	1,309,560
Totalunrestrictedfunds	6,049,428		3,389,722	(3,203,429)	6,235,721

		Balanceat1 January2020	Balanceat1 January2020	Incoming resources	Resources expended	Transfers31	Balanceat December 2020
Restrictedfunds
Estates
BristolCityCouncil- Retail,Leisure&				20,000	(20,000)
Hospitality
DameVioletWillsTrust			-	1,500	(1,500)
HonorableCompany	ofGloucestershire		-	1,000		-	1,000
NationalLotteryHeritageFund			-	4,814	(4,814)
McGreevyNo5			-	5,000	(5,000)
OldhamFoundation		1,000		1,000	(1,000)	-	1,000
PercyBilton			-	3,008	(3,008)
SouthGlosCouncilAccess				8,000	(5,000)	-	3,000
West/KingswoodCommTransport
SouthGlosCouncilRetail,Leisure&				65,000	(65,000)
Hospitality
SouthGlosCouncilMAF			-	710		-	710
StJamesPlace			-	22,958	(22,791)	-	167
VanNesteFoundation		1,667		10,000	(10,000)	-	1,667
J& M Britton		2,000			(2,000)
LeonardLaityStoate	Foundation	1,000				-	1,000
Youthservices
WestofEnglandWorks		39,138			(39,138)
SouthGloucestershire	Council+ Big
Lottery
	SGlosCouncil	41,500		124,500	(166,000)
	BigLottery	24,789		104,788	(103,380)	.	26,197
NEET- Nisbets		30,000			(30,000)
BigLotteryYouthInvestmentFund		(2,702)			2,702
BBCChildreninNeed		3,004		30,100	(20,221)	-	12,883
UniversityofExeter		2,000		48,000	(39,000)	-	11,000
Hanham/HanhamAbbotsParish			i	8,064	(8,063)
Councils
Quartet			-	7,500	(7,500)
SouthernBrooks			-	10,000	(10,000)
SGlosCouncil			-	3,000	(3,000)
SGlosCouncilYEF			=	1,200	(1,200)

SGlosCouncilWellbeing	.	6,140		.	.	6,140
StokeGiffordParishCouncil	.	18,000	(18,000)		-	.
WesportScootfit	-	3,238	(3,238)		-	.
Wesport	967	900	(1,867)		.	.
CreativeDepartment
ArtsCouncilEngland	.	39,655	(39,655)		-	-
Austin& HopePikington	.	1,000	(1,000)		.	-
BristolCityCouncil- CIP	4,250	4,250	(8,500)			-
ComicRelief	4,823	11,116	(13,691)			2,248
NationalFoundationforYouthMusic	.	14,698	.		.	14,698
JohnThawFoundation	.	1,000	.		.	1,000
JoyceFletcherCharitableTrust	2,000	2,000	-		-	4,000
Solon	.	5,000	.		.	5,000
UnityTheatre	-	300	.		.	300
UWE/WECA	.	65,813	(65,813)		.	.
DerekHillFoundation	5,000	.	.		.	5,000
Core
ComicRelief	-	32,000	(32,000)		.	-
HMRCFurloughGrant	-	56,787	(56,787)		.	.
JohnJamesFoundation	.	13,000	(13,000)		.	-
Julia &HansRausing	.	25,000	(12,500)		-	12,500
NationalLottery	-	74,569	(62,141)		-	12,428
PaulHamlynEmergencyFunding	.	20,000	(20,000)		.	.
PaulHamlyn	15,000	30,000	(30,000)		.	15,000
Quartet	.	4,702	(4,702)		-	-
SpielmanCharitableTrust	-	15,000	(15,000)		-	-
YEFCapacityBuilding	-	30,119	(30,119)		-	-
Totalrestrictedfunds	175,436	954,429	(992,926)		-	136,939
Totalfunds	13,406,714	4,344,151	(4,232,335)		-	13,518,530

	Balanceat1 January 2019	Balanceat1 January 2019	. Incoming reSouroes	Resources exoendad p	Transfers	Balanceat31 December 2019
		£	£	£	£	£
Endowmentfunds
Expendableendowment	6,046,608		-	(35,980)	-	6,010,628
Revaluationreserve	400,770		-	-	770,452	1,171,222
Totalendowmentfunds	6,447,378		-	(35,980)	770,452	7,181,850
Unrestrictedfunds
Designatedcapitalfund- Kingswood	1,719,137		-	(7,640)	700,000	2,411,497
Revaluationreserve- Bridewell		-	-	-	2,458,674	2,458,674
Fixed assetdesignatedfund	104,786		-	(61,973)	55,571	98,384
	1,823,923		-	(69,613)	3,214,245	4,968,555
Generalunrestrictedfund	689,109		7,213,889	(2,848,757)	(3,973,368)	1,080,873
Totalunrestrictedfunds	2,513,032		7,213,889	(2,918,370)	(759,123)	6,049,428

				Balanceat1 January2019	Balanceat1 January2019	Incoming resources	Resources expended	Transfers31	Balanceat December 2019
Restrictedfunds					£		f		£
Estates
BristolMagistratesCourtGrant				9,077		296,136	(305,213)
JohnJamesBristolFoundation				12,000			(12,000)
BigLottery(HanhamCapital)						18,960	(18,960)
CommissionersCommunity	Action		Fund			3,000	(3,000)
StJamesPlace						22,289	(22,289)
VanNesteFoundation						10,000	(8,333)		1,667
J& M Britton						2,000			2,000
LeonardLaityStoateFoundation						1,000			1,000
OldhamFoundation						1,000			1,000
Youthservices
WestofEnglandworks				61,704		219,413	(199,201)	(42,778)	39,138
South Gloucestershire Council Lottery		+	Big	38,758		265,155	(237,624)		66,289
NEET				42,535		30,000	(39,202)	(3,333)	30,000
BigLotteryYouthInvestmentFund				97,015		191,356	(291,073)		(2,702)
HEEUniversityofExeter				6,000		24,000	(28,000)		2,000
BBCChildrenInNeed				12,013		14,102	(23,111)		3,004
BristolCityCouncil— CIP						4,250			4,250
HanhamAbbotsParishCouncils						7,500	(7,500)
StokeGiffordParishCouncil						19,444	(19,444)
TheDulvertonTrust							(3,333)
Wesport						7,567	(6,600)
CreativeDepartment
ArtisticExcellence
ArtsCouncilEngland				29,605		7,401	(48,260)	11,254
ArtisticinResidence
ComicRelief				6,177		20,016	(21,370)		4,823
Performances
1625IndependentPeople Me	-Future		For			12,000	(12,000)
AndrewFletcher						2,500	(2,500)
ArtsCouncilEngland				(20,195)		12,501	(12,501)	20,195

Derek	HillFoundation		-	5,000		-		-	5,000
Core
Joyce	FletcherCharitableTrust		-	2,000		-		-	2,000
Paul	Hamlyn		-	30,000	(15,000)			-	15,000
Total	restrictedfunds	294,689		1,228,590	(1,336,514)		(11,329)		175,436
Total	funds	9,255,099		8,442,479	(4,290,864)			-	13,406,714

				Endowment
	Unrestricted	Unrestricted		funds-	Expendable
	general	designated	Restricted	revaluation	endowment
	funds	funds	funds	reserve	funds	Totalfunds
2020	£	£	£	£	£	£
Intangiblefixedassets	~	.	-	-	-	-
Fixedassets	-	4,926,161	-	1,171,222	5,860,805	11,958,188
Currentassets	2,265,726	-	136,939	-	113,843	2,516,508
Currentliabilities	(956,166)	-	-	-	-	(956,166)
Totalnetassets	1,309,560	4,926,161	136,939	1,171,222	5,974,648	13,518,530
	Unrestricted general funds	Unrestricted ; designated funds	. Restricted funds	Engawment funds- .__ revaluation reserve	Expendable endowment funds	Totalfunds
2019	£	£	£	£	£	£
Intangiblefixedassets	}	10,956	}	i	i	10,956
Fixedassets	(785)	4,957,599	-	1,171,222	5,900,916	12,028,952
Currentassets	1,641,552	-	175,436	-	109,712	1,926,700
Currentliabilities	(559,894)	-	-	”	-	(559,894)
Vota)iatassets	1,080,873	4,968,555	175436	1,171,222	6,010,628	13,406,714

18.	Financialinstruments
Categorisationoffinancialinstruments
		2020	2019
		£	£
Financial	assetsthataredebtinstrumentsmeasuredatamortisedcost	2,471,665	1,904,008
Financial	liabilitiesmeasuredatamortisedcost	730,367	406,531