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