| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe charity, its trustee and advisers | ||
| Trustee's report | 2-7 | ||
| Independent auditors' |
report | 8-10 | |
| Statement offinancial | activities | ||
| Balance sheet | 12 | ||
| Notes to the financial | statements | 13-25 |
| The director | s of The Bath Preservation |
s of The Bath Preservation |
Trust Limi | Trust Limi | Trust Limi | ted during the ye |
|---|---|---|---|---|---|---|
| Trustees | Thomas Sheppard, | Chair ~" | ||||
| Diane Aderyn u | ||||||
| Robert Duntom | ||||||
| Julie Finch"" | ||||||
| David Halls' | ||||||
| Peta Hall '&' Bruce Haines " |
||||||
| Robert Hellard ' |
||||||
| Tom Marshall"' | ||||||
| Rachel Johnston | (resigned | 31"January 2021) 4 | ||||
| Colin Johnston' | ||||||
| Simon Morray-Jones' | ||||||
| Robert Tavernor Victoria Thornton |
(resigned " |
2 July 2020) ' | ||||
| Architecture, | Planning | and | Place Committee | |||
| Beckford Tower | Trust Advisory Committee | |||||
| Finance Committee | ||||||
| Museums and |
Education | Committee | ||||
| Herschel Museum |
Advisory | Committee | ||||
| Charity registered | ||||||
| number | 272986 | |||||
| Registered | office 1 Royal Crescent |
|||||
| Bath | ||||||
| BA1 2LR | ||||||
| Independent | auditors Bishop Fleming |
LLP | ||||
| Chartered | Accountants | |||||
| 10Temple | Back | |||||
| Bristol | ||||||
| BS1 6FL | ||||||
| Bankers | CAF Bank | Ltd | ||||
| 25 Kings Hill | Avenue | |||||
| West MaRing | ||||||
| Kent | ||||||
| ME194JQ | ||||||
| Solicitors | Stone King | |||||
| 13Queen | Square | |||||
| Bath | ||||||
| BA1 2HJ |
| Unrestricted | Restricted | Endowment | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | Total funds | Total funds | ||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||
| Note | K | E | f | E | E | |
| INCOME AND ENDOWMENTS | FROM: | |||||
| Donations, legacies and grants |
16,399 | 152,770 | 169,169 | 14,374 | ||
| Charitable activities |
1,308 | 1,308 | 11,283 | |||
| Other trading activities | 176 | 176 | 1,921 | |||
| Investments | 17,672 | 17,672 | 17,852 | |||
| TOTALINCOME | 35,555 | 152,770 | 188,325 | 45,430 | ||
| EXPENDITURE ON: | ||||||
| Raising funds | 7 | 1,525 | 1,525 | 3,448 | ||
| Charitable activities |
6 | 23,227 | 72,334 | 95,561 | 39,518 | |
| TOTAL EXPENDITURE | 24,752 | 72,334 | 97,086 | 42,966 | ||
| NET INCOME BEFORE | ||||||
| INVESTMENT GAINS | 10,803 | 80,436 | 91,239 | 2,464 | ||
| Net gains on investments | 12 | 6,252 | 6,252 | 16,106 | ||
| NET INCOME BEFORE OTHER | ||||||
| RECOGNISED GAINS AND LOSSES | 17,055 | 80,436 | 97,491 | 18,570 | ||
| NET MOVEMENT IN FUNDS |
17,055 | 80,436 | 97,491 | 18,570 | ||
| RECONCILIATION OF FUNDS: |
||||||
| Total funds brought fonvard |
220,135 | 454,840 | 59,135 | 734,110 | 715,540 | |
| TOTAL FUNDS CARRIED FORWARD | 237,190 | 535,276 | 59,135 | 831,601 | 734,110 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | E | ||||||
| FIXEDASSETS | |||||||
| Tangible Assets | 472,143 | 391,957 | |||||
| Investments | 12 | 179,744 | 175,306 | ||||
| 651,887 | 567,263 | ||||||
| CURRENT ASSETS | |||||||
| Stocks | 13 | 963 | 674 | ||||
| Debtors | 14 | 6,066 | 1,960 | ||||
| Cash at bank and in | hand | 176,261 | 168,489 | ||||
| 183,290 | 171,123 | ||||||
| CREDITORS: amounts year |
falling due within | one | 15 | ~(3,576 | (4,276) | ||
| NET CURRENT ASSETS | 179,714 | 166,847 | |||||
| NET ASSETS | 831,601 | 734,110 | |||||
| CHARITY FUNDS | |||||||
| Endowment funds |
16 | 59,135 | 59,135 | ||||
| Restricted funds |
16 | 535,276 | 454,840 | ||||
| Unrestricted funds |
16 | 237,190 | 220,135 | ||||
| TOTAL FUNDS | 831,601 | 734,110 |
| Unrestricted | Restricted | Endowment | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | Total funds | funds | ||||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||||
| E | 5 | E | 5 | E | ||||
| Donations | 410 | 410 | ||||||
| Grants - coronavirus | related | 15,989 | 15,989 | |||||
| Grants - other | 152,770 | 152,770 | 13,650 | |||||
| Total donations, | legacies and | grants | 16,399 | 152,770 | 169,169 | 14,374 | ||
| Total 2020 | 724 | 13,650 | 14,374 | |||||
| INCOME FROM | CHARITABLE ACTIVITIES | |||||||
| Unrestricted | Restricted | Endowment | Total | |||||
| funds | funds | funds | Totaifunds | funds | ||||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||||
| 6 | 6 | E | E | E | ||||
| Museum admissions |
income | 1,308 | 1,308 | 10,163 | ||||
| Other museum | income | 1,120 | ||||||
| Total income from | charitable | activities | 1,308 | 1,308 | 11,283 | |||
| Total 2020 | 11,283 | 11,283 |
| OTHER TRADING A | CTIVITIES | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||
| E | E | E | E | E | ||
| Shop and weddings | income | 176 | 176 | 1,921 | ||
| Total2020 | 1,921 | 1,921 | ||||
| INVESTMENT INCOME | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||
| E | E | E | E | E | ||
| Investment income |
- rent | 14,723 | 14 723 | 13717 | ||
| Investment income |
- listed | |||||
| investments and bank interest |
2,949 | 2,949 | 4,135 | |||
| 17,672 | 17,672 | 17,852 | ||||
| Total2020 | 17,852 | 17,852 | ||||
| LYSIS OF DIRECT EXPENDITURE ON | CHARITABLE ACTIVITIES | |||||
| Unrestricted | Restricted | 2021 | 2020 | |||
| E | E | E | ||||
| Wages and salaries | 7,958 | 45,311 | 53,269 | 12,793 | ||
| Premises costs: | ||||||
| Insurances | 5,033 | 5,033 | 4,983 | |||
| Repairs and maintenance | 454 | 2,090 | 2,544 | 3,271 | ||
| Major projects | 4,337 | 4,337 | 3,517 | |||
| Heat and light | 2,883 | 2,883 | 2,580 | |||
| Other premises | costs | 2,208 | 2,208 | 2,613 | ||
| Opening costs: | ||||||
| Conservation/enhancements | 207 | 184 | 391 | 2,680 | ||
| Leaflets and advertising | 75 | 1,102 | 1,177 | 602 | ||
| Guides and other opening costs | 971 | 1,357 | 2,328 | 2,'I 24 | ||
| Administration: | ||||||
| Office and other costs | 1,173 | 2,413 | 3,586 | 2,119 | ||
| Accountancy | 1,200 | 1,200 | 1,200 | |||
| Auditors' remuneration |
939 | 939 | 909 | |||
| Professional fees |
15,540 | 15,540 | ||||
| Depreciation | 126 | 126 | 127 | |||
| 23,227 | 72,334 | 95,561 | 39,518 |
| Staff costs | Depreciation | Other costs | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2021 | 2020 | ||||
| E | E | E | E | E | ||||
| Expenditure | on raising funds | |||||||
| Shops and | weddings | (289) | (289) | 1,612 | ||||
| Investment | management | fees | 1,814 | 1,814 | 1,836 | |||
| 1,525 | 'I,525 | 3,448 | ||||||
| Expenditure | on charitable | |||||||
| activities | 53,269 | 126 | 41,227 | 94,622 | 38,609 | |||
| Expenditure | on governance | 939 | 939 | 909 | ||||
| 53,269 | 126 | 43,691 | 97,086 | 42,966 | ||||
| Total 2020 | 12,793 | 127 | 30,046 | 42,966 |
| Freehold | Heritage | Fixtures and | Other fixed | |||
|---|---|---|---|---|---|---|
| property | assets | fittings | assets | Total | ||
| 6 | 6 | E | 6 | 6 | ||
| COST | ||||||
| At 1 February | 2020 | 391,831 | 11,634 | 1,313 | 404,778 | |
| Additions | 80,312 | 80,312 | ||||
| At 31 January | 2021 | 80,312 | 391,831 | 11,634 | 1,313 | 485,090 |
| DEPRECIATION | ||||||
| At I February | 2020 | 11,508 | 1 313 | 12,821 | ||
| Charge for the | year | 126 | 126 | |||
| At 31 January | 2021 | 11,634 | 1,313 | 12,947 | ||
| NET BOOK VALUE | ||||||
| At 31 January | 2021 | 80,312 | 391,831 | 472,143 | ||
| At 1 February | 2020 | 391,831 | 126 | 391,957 | ||
| Freehold land |
and buildings |
| 12. | FIXEDASSET | INV | ES | TME | N | TS | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Listed | |||||||||||
| securities | |||||||||||
| E | |||||||||||
| MARKET VALUE | |||||||||||
| At 1 February | 2020 | 175,306 | |||||||||
| Revaluations | 6,252 | ||||||||||
| Fund management | fees | (1,814) | |||||||||
| At 31 January | 2021 | 179,744 | |||||||||
| The following | investments | account for &5%of the carrying | value ofthe portfolio: | ||||||||
| 31 | January | 31 January | |||||||||
| 2021 | 2020 | ||||||||||
| E | E | ||||||||||
| Pimco Global | Advisors | Global | 9,004 | 14,280 | |||||||
| Majedie Asset Management | UK Equity | 10,303 | 10,961 | ||||||||
| Ishares Core | SftP | 500 | 14,928 | 13,475 | |||||||
| Vulcan Global | Value | Fund | Equity | II inc | 11,442 | 11,009 | |||||
| UK (Government | of)4.75% | Snr Bds | 12,431 | 12,555 | |||||||
| Schroder Inv |
Mgmt | Europe | Large | Cap | 12,418 | 10,847 | |||||
| Blackrock UK | Equity | DI | 12,520 | ||||||||
| Ninety One Fund | Managers | UK Alpha J | 11,864 | ||||||||
| Artemis Fund |
Managers | Income | 8,782 | 9,773 | |||||||
| Investec Fund Managers | UK Alpha Series | 18,419 | |||||||||
| 103,692 | 101,319 | ||||||||||
| 13. | STOCKS | ||||||||||
| 2021 | 2020 | ||||||||||
| E | E | ||||||||||
| Goods for resale | 963 | 674 | |||||||||
| 14. | DEBTORS | ||||||||||
| 2021 | 2020 | ||||||||||
| E | E | ||||||||||
| Trade debtors | 716 | ||||||||||
| Prepayments | and | accrued | income | 5,350 | 1,960 | ||||||
| 6,066 | 1,960 |
| CREDITO | RS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|---|
| 2021 | 2020 | ||
| E | E | ||
| Trade creditors | 1,285 | 62 | |
| Amounts | owed to group undertakings | 30 | 1,788 |
| Accruals | and deferred income | 2,261 | 2,426 |
| 3,576 | 4,276 |
| Balance at | 1 | Balance at | |||||
|---|---|---|---|---|---|---|---|
| February | Transfers | Gains/ | 31 January | ||||
| 2020 | Income | Expenditure | in/out | (Losses) | 2021 | ||
| E | E | E | E | E | 6 | ||
| DESIGNATED FUNDS | |||||||
| Short term maintenance | 30,000 | 30,000 | |||||
| Medium to long term | |||||||
| maintenance | 164,535 | 17,055 | 181,590 | ||||
| Ten months' operating costs |
25,600 | 25,600 | |||||
| 220,135 | 17,055 | 237,190 | |||||
| GENERAL FUNDS | 35,555 | (24,752) | (17,055) | 6,252 | |||
| TOTAL UNRESTRICTED FUNDS | 220,135 | 35,555 | (24,752) | 6,252 | 237,190 | ||
| ENDOWMENT FUNDS |
59,135 | 59,135 | |||||
| RESTRICTED FUNDS | |||||||
| 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 I | 10,881 | 20,288 | (5,299) | 25,870 | |||
| "Our Tower" NLHF Project | 51,986 | (66,851) | (14,865) | ||||
| Other | 66 | 184 | (184) | 66 | |||
| 454,840 | 152,770 | (72,334) | 535,276 | ||||
| TOTAL OF FUNDS | 734,110 | 188,325 | (97,086) | 6,252 | 831,601 |
| Balance at 2 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| February | Transfers | Gains/ | Balance at 31 | ||||||
| 2019 | Income | Expenditure | in/out | (Losses) | january 2020 | ||||
| f. | E | E | E | E | |||||
| DESIGNATED FUNDS | |||||||||
| Short term | maintenance | 30,000 | 30,000 | ||||||
| Medium to long term | |||||||||
| maintenance | 156,811 | (3,517) | 11,241 | 164,535 | |||||
| Ten months' operating | costs | 25,600 | 25,600 | ||||||
| 212,411 | (3,517) | 11,241 | 220,135 | ||||||
| GENERAL | FUNDS | 31,780 | (36,645) | (11,241) | 16,106 | ||||
| TOTAL UNRESTRICTED | FUNDS | 212,411 | 31,780 | (40,162) | 16,106 | 220,135 | |||
| ENDOWMENT FUNDS |
59,135 | 59,135 | |||||||
| BTTAssets: | |||||||||
| Cabinet | 64,000 | 64,000 | |||||||
| Coffer | 324,000 | 324,XO | |||||||
| Beckford | book/letters | 3,831 | 3,831 | ||||||
| BTT Funds: | |||||||||
| Cemetery | costs | 2,146 | 2,146 | ||||||
| Rimington | Legacy | 50,0'l7 | (101) | 49,916 | |||||
| Beckford | Project Phase | 1 | 11,650 | (769) | 10,881 | ||||
| BRNES | 2,000 | (1,934) | 66 | ||||||
| 443,%4 | 13,650 | (2,804) | 454,840 | ||||||
| TOTAL OF | FUNDS | 715,540 | 45,430 | (42,966) | 16,106 | 734,110 |
| Balance at 1 | Balance at | |||||||
|---|---|---|---|---|---|---|---|---|
| February | Transfers | Gains/ | 31 January | |||||
| 2020 E |
Income f |
Expenditure | in/out 6 |
(Losses) E |
2021 E |
|||
| Designated | funds | 220,135 | 17,055 | 237,190 | ||||
| General | funds | 35,555 | (24,752) | (17,055) | 6,252 | |||
| 220,135 | 35,555 | (24,752) | 6,252 | 237,190 | ||||
| Endowment | funds | 59,135 | 59,135 | |||||
| Restricted | funds | 454,840 | 152,770 | (72,334) | 535,276 | |||
| 734,110 | 188,325 | (97,086) | 6,252 | 831,601 | ||||
| SUMMAR | Y | OF FUNDS - PRIOR YEAR | ||||||
| Balance at 1 | ||||||||
| February | Transfers | Gains/ | Balance at 31 | |||||
| 2019 | Income | Expenditure | in/out | (Losses) | January 2020 |
|||
| E | E | E | E | E | ||||
| Designated | funds | 212,411 | (3,517) | 11,241 | 220,135 | |||
| General | funds | 31,780 | (36,645) | (11,241) | 16,106 | |||
| 212,411 | 31,780 | (40,162) | 16,106 | 220,135 | ||||
| Endowment | funds | 59,135 | 59,135 | |||||
| Restricted | funds | 443,994 | 13,650 | 454,840 | ||||
| 715,540 | 45,430 | (42,966) | 16,106 | 734,110 |
| Unrestricted | Restricted | Endowment | |||
|---|---|---|---|---|---|
| funds | funds | funds | Totalfunds | ||
| 2021 | 2021 | 2021 | 2021 | ||
| E | E | E | E | ||
| Tangible fixed assets Fixed asset investments |
120,609 | 472,143 | 59 135 | 472,143 179 744 |
|
| Current assets | 120,157 | 63,133 | 183,290 | ||
| Creditors | due within one year | (3,576) | (3,576) | ||
| 237,190 | 535,276 | 59,135 | 831,601 |
| Unrestricted | Restricted | Endowment | |||
|---|---|---|---|---|---|
| funds | funds | funds | Totalfunds | ||
| 2020 | 2020 | 2020 | 2020 | ||
| f. | E | E | E | ||
| Tangible | fixed assets | 126 | 391,831 | 391,957 | |
| Fixed asset investments | 116,171 | 59,135 | 175,306 | ||
| Current | assets | 108,114 | 63,009 | 171,123 | |
| Creditors | due within one year | (4,276) | (4,276) | ||
| 220,135 | 454,840 | 59,135 | 734,110 |