| Page | ||
|---|---|---|
| Reference and Administrative | Details ofthe Charity, its Trustees and Advisers | |
| Chair's Statement | ||
| Trustees' Report |
3-6 | |
| Trustees' Responsibilities Statement |
||
| Independent Auditors' Report |
on the Financial Statements | |
| Consolidated Statement of Financial Activities |
12 | |
| Consolidated Balance Sheet |
13 | |
| Charity Balance Sheet | ||
| Consolidated Statement ofCash Flows |
15 | |
| Notes to the Financial Statements | 16-31 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
REFERENCE AND ADMINISTRATIVE DETAILS |
OF THE | OF THE | OF THE | CHARITY, ITSTRUSTEES AND ADVISERS |
|---|---|---|---|---|---|---|---|---|---|---|
| FOR THE | YEAR ENDED | 31 MARCH 2021 | ||||||||
| Trustees | Richard Bacon | |||||||||
| Emma Champion | ||||||||||
| Maria Crayton | ||||||||||
| Sandie Foxall-Smith | (stepped | down 22 October 2020) | ||||||||
| Marie-Annick Goumet |
(stepped | down 22 October 2020) | ||||||||
| Caroline Hagen | (stepped | down | 22 October 2020) | |||||||
| Diana Hall | ||||||||||
| Ben Heald, Chair | ||||||||||
| Jenny Hemming, | Deputy | Chair | ||||||||
| Stephanie Jay (appointed | 24 March 2021) | |||||||||
| Chris Ladkin | ||||||||||
| Nick Lieven (stepped | down 15 | April 2021) | ||||||||
| Robert O' Leary | ||||||||||
| Olu Osinoiki (appointed 30July | 2021) | |||||||||
| Elizabeth Raffle |
||||||||||
| Company | registered | |||||||||
| number | 2053843 | |||||||||
| Charity registered | ||||||||||
| number | 295178 | |||||||||
| Registered | office | Great George Street | ||||||||
| Off Park Street | ||||||||||
| Bristol | ||||||||||
| BS15RR | ||||||||||
| Company | secretary | Lorraine James | ||||||||
| Chief executive | Suzanne Rolt (to |
April | 2021) | |||||||
| Samir Savant (from September | 2021) | |||||||||
| Independent | auditors | Bishop Fleming | LLP | |||||||
| Chartered Accountants |
||||||||||
| 10Temple Back | ||||||||||
| Bristol | ||||||||||
| BS16FL | ||||||||||
| Bankers | CAF Bank Limited | |||||||||
| King's Hill |
||||||||||
| West Mailing | ||||||||||
| Kent | ||||||||||
| ME194JQ |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Note | OOOO | OOOO | OOOO | f.000 | ||
| Income from: | ||||||
| Donations and legacies |
1,206 | &3 | 1,2&9 | 581 | ||
| Charitable activities |
81 | 81 | 747 | |||
| Other trading activities |
21 | 21 | 517 | |||
| Total income | 1,308 | 83 | 1,391 | 1,845 | ||
| Expenditure on: |
||||||
| Raising funds | 21 | 21 | 383 | |||
| Charitable activities |
807 | 812 | 1,418 | |||
| Total expenditure | 828 | 833 | 1,801 | |||
| Net movement in funds |
480 | 78 | 55& | |||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 109 | 9,004 | 9,113 | 9,069 | |
| Net movement in funds |
480 | 78 | 558 | 44 | ||
| Total funds carried | forward | 589 | 9,082 | 9,671 | 9,113 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | f000 | f000 | ||||||
| Fixed assets | ||||||||
| Tangible assets | 9,740 | 9,699 | ||||||
| 9,740 | 9,699 | |||||||
| Current assets | ||||||||
| Stocks | 18 | 22 | ||||||
| Debtors | 318 | 115 | ||||||
| Cash at bank and | in | hand | 631 | 432 | ||||
| 967 | 569 | |||||||
| Creditors: amounts | falling | due within one | ||||||
| year | 14 | (583) | (574) | |||||
| Net current assets | I liabilites | 384 | (5) | |||||
| Total assets less | current | liabilities | 10,124 | 9,694 | ||||
| Creditors: amounts | falling | due after more | ||||||
| than one year | 15 | (453) | (581) | |||||
| Net assets | 9,671 | 9,113 | ||||||
| Total net assets | 9,671 | 9,113 | ||||||
| Charity funds | ||||||||
| Restricted funds |
16 | 9,082 | 9,004 | |||||
| Unrestricted funds |
16 | 589 | 109 | |||||
| Total funds | 9,671 | 9,113 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | OOOO | f000 | |||||
| Fixed assets | |||||||
| Tangible assets | 9,715 | 9,674 | |||||
| 9,715 | 9,674 | ||||||
| Current assets | |||||||
| Debtors | 13 | 301 | 199 | ||||
| Cash at bank and | in hand | 622 | 313 | ||||
| 923 | 512 | ||||||
| Creditors: amounts | falling | due within one | |||||
| year | 14 | (514) | (492) | ||||
| Net current assets | 409 | 20 | |||||
| Total assets less | current | liabilities | 10,124 | 9,694 | |||
| Creditors: amounts | falling | due after more | |||||
| than one year | 15 | (453) | (561) | ||||
| Net assets excluding | 9,671 | 9,113 | |||||
| Total net assets | 9,671 | 9,113 | |||||
| Charity funds | |||||||
| Restricted funds |
16 | 9,082 | 9,004 | ||||
| Unrestricted funds |
16 | 589 | 109 | ||||
| Total funds | 9,671 | 9,113 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| ROQO | 2000 | |||||
| Cash flows from operating | activities | |||||
| Net cash used in operating |
activities - note | 18 | 257 | |||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed assets | (59) | (59) | ||||
| Net cash used in investing | activities | (59) | (59) | |||
| Cash flows from financing | activities | |||||
| Repayments of borrowing |
(18) | |||||
| Net cash provided by/(used |
in) financing | activities | ||||
| Change in cash and cash |
equivalents | in | the year | |||
| Cash and cash equivalents | at the beginning | ofthe year | 428 | |||
| Cash and cash equivalents | at the end of | the year | 631 | 432 | ||
| The notes on pages 16to 31 | form part ofthese financial statements |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| OOOO | OOOO | f000 | ||
| Promotions, | hires and education | 81 | 747 | |
| TOTAL 2020 | 747 | 747 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| OOOO | f000 | f000 | ||
| Sales | 21 | 21 | 517 | |
| TOTAL | 2020 | 517 | 517 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total | Total | ||
| directly | costs | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| OOOO | f000 | OOOO | f000 | ||
| Promotions, | hires and education | 63 | 749 | 812 | 1,418 |
| TOTAL 2020 | 520 | 898 | 1,418 |
| Promotions, | |||||
|---|---|---|---|---|---|
| hires and | Total | Total | |||
| education | funds | funds | |||
| 2021 | 2021 | 2020 | |||
| OOOO | f000 | f000 | |||
| Marketing | and box office | 52 | |||
| Other costs | 1 | ||||
| Artists' fees, programmes | and related items | 467 | |||
| 63 | 63 | 520 | |||
| TOTAL2 | 20 | 520 | 520 |
| Promotions, | |||
|---|---|---|---|
| hires and | Total | Total | |
| education | funds | funds | |
| 2021 | 2021 | 2020 | |
| f000 | f000 | 6000 | |
| Staff costs | 570 | 570 | 621 |
| Depreciation | 18 | 18 | 28 |
| Property costs | 82 | 82 | 121 |
| Legal and professional | 27 | 27 | 74 |
| Office costs | 23 | 23 | 26 |
| Bank charges | 20 | 20 | 22 |
| Auditors' remuneration |
9 | 9 | 6 |
| 749 | 749 | 898 | |
| TOTAL2020 | 898 | 898 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |
| OOOO | f000 | OOOO | f000 | |
| Wages and salaries | 517 | 730 | 513 | 550 |
| Social security costs | 37 | 49 | 37 | 49 |
| Other pension costs | 20 | 22 | 20 | 22 |
| 574 | 801 | 570 | 621 |
| Group | Group | |||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| No. | No. | |||||||
| Employees | 41 | |||||||
| The number | of employees | whose | employee | benefits | (excluding | employer | pension costs) |
exceeded |
| 860,000was: | ||||||||
| Group | Group | |||||||
| 2021 | 2020 | |||||||
| No. | No. |
| Musical | ||||
|---|---|---|---|---|
| Long-term | instruments, | Building a | ||
| leasehold | equipment | Sound | ||
| property | and fittings | Future | Total | |
| f000 | f000 | OOOO | OOOO | |
| COSTOR VALUATION | ||||
| At 1 April 2020 | 3,325 | 923 | 6,162 | 10,410 |
| Additions | 57 | 2 | 59 | |
| Transfers between classes |
6,164 | (6,164) | ||
| At 31 March 2021 | 9,489 | 980 | 10,469 | |
| DEPRECIATION | ||||
| At 1 April 2020 | 711 | 711 | ||
| Charge for the year | 18 | 18 | ||
| At 31 March 2021 | 729 | 729 | ||
| NET BOOK VALUE | ||||
| At 31 March 2021 | 9,489 | 251 | 9,740 | |
| At 31 March 2020 | 3,325 | 212 | 6,162 | 9,699 |
| Musical | ||||
|---|---|---|---|---|
| Long-term | instruments, | Building a | ||
| leasehold | equipment | Sound | ||
| property f000 |
and fittings f000 |
Future f000 |
Total f000 |
|
| COST OR VALUATION | ||||
| At 1 April 2020 | 3,325 | 889 | 6,162 | 10,376 |
| Additions | 57 | 2 | 59 | |
| Transfers between classes |
6,164 | (6,164) | ||
| At 31 March 2021 | 9,489 | 946 | 10,435 | |
| DEPRECIATION | ||||
| At 1 April 2020 | ?02 | 702 | ||
| Charge for the year | 18 | 18 | ||
| At 31 March 2021 | 720 | 720 | ||
| NET BOOK VALUE | ||||
| At 31 March 2021 | 9,489 | 226 | 9,715 | |
| At 31 March 2020 | 3,325 | 187 | 6,162 | 9,674 |
| Name | Company | Registered office or principal | Holding | ||
|---|---|---|---|---|---|
| number | place ofbusiness | ||||
| SGB | Enterprises | Limited | 04344449 | Great George Street, Off Park | 100'io |
| Street, Bristol, BS15RR |
| The financial | results | results | ofthe | subsidiary | for the year were: | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Income OOOO |
Expenditure OOOO Profit/(Loss) l Surplusl |
Net assets f000 |
|||||||||
| (Deficit) for | |||||||||||
| the year | |||||||||||
| OOOO | |||||||||||
| SGB Enterprises | Limited | 21 | (19) | ||||||||
| 13. | DEBTORS | ||||||||||
| Group | Group | Charity | Charity | ||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||
| f000 | f000 | f000 | f000 | ||||||||
| DUE WITHIN | ONE YEAR | ||||||||||
| Trade debtors | 56 | 73 | 20 | 22 | |||||||
| Amounts owed by |
group undertakings | 22 | 137 | ||||||||
| Other debtors | 16 | 9 | 13 | 7 | |||||||
| Prepayments | and | accrued | income | 246 | 33 | 246 | 33 | ||||
| 318 | 115 | 301 | 199 | ||||||||
| 14. | CREDITORS: | AMOUNTS | FALLING | DUE WITHIN ONE YEAR | |||||||
| Group | Group | Charity | Charity | ||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||
| f000 | f000 | f000 | f000 | ||||||||
| Bank loans | 19 | 18 | 19 | 18 | |||||||
| Trade creditors | 72 | 151 | 73 | 131 | |||||||
| Other taxation | and | social security | 28 | 31 | 25 | 31 | |||||
| Other creditors | 166 | 217 | 165 | 212 | |||||||
| Accruals and deferred | income | 298 | 157 | 232 | 100 | ||||||
| 583 | 574 | 514 | 492 |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||
| f000 | f000 | f000 | OOOO | |||
| Deferred | income | |||||
| Deferred | income at 1 April | 152 | 157 | 118 | ||
| Resources deferred during the year |
23? | 152 | 174 | 145 | ||
| Amounts | released from previous | periods | (152) | (157) | (145) | (118) |
| Deferred | income at 31 March | 237 | 152 | 174 | 145 |
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||
| OOOO | f000 | OOOO | f000 | ||
| Bank loans | 453 | 453 | 453 | 453 | |
| Accruals and deferred | income | 128 | 128 | ||
| 581 | 453 | 581 |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||
| OOOO | f000 | f000 | f000 | |||
| Repayable | by | instalments | 373 | 373 | 373 | 373 |
| 373 | 373 | 373 |
| STATEMENT OF FUNDS - C | URRENT | YEAR | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | Transfers | 31 March | ||||
| April | 2020 | Income | Expenditure | in/out | 2021 | |
| OOOO | OOOO | OOOO | f000 | f000 | ||
| UNRESTRICTED FUNDS | ||||||
| DESIGNATED FUNDS | ||||||
| The Development Fund |
100 | 282 | 382 | |||
| Culture Recovery Fund |
47 | 47 | ||||
| 100 | 329 | 429 | ||||
| GENERAL FUNDS | ||||||
| Charity | 1,308 | (828) | (329) | 160 | ||
| TOTAL UNRESTRICTED | ||||||
| FUNDS | 109 | 1,308 | (828) | 589 | ||
| RESTRICTED FUNDS | ||||||
| Artistic and Learning 8 Participation Projects Fund |
3 | 83 | 86 | |||
| Fixed Assets Fund | 9,001 | (5) | 8,996 | |||
| 9,004 | 83 | (5) | 9,082 | |||
| TOTAL OF FUNDS | 9,113 | 1,391 | (833) | 9,671 |
| STATEMENT OF FUNDS - PR | IOR YEAR | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | Transfers | 31 March | |||
| 1 April 2019 | Income | Expenditure | inlout | 2020 | |
| OOOO | f000 | f000 | f000 | f000 | |
| UNRESTRICTED FUNDS | |||||
| DESIGNATED FUNDS | |||||
| The Development Fund |
160 | (60) | 100 | ||
| GENERAL FUNDS | |||||
| Charity | 1,648 | (1,703) | 60 | ||
| TOTAL UNRESTRICTED | |||||
| FUNDS | 1,648 | (1,703) | 109 | ||
| RESTRICTED FUNDS | |||||
| Artistic and Learning 8 | |||||
| Participation Projects Fund |
1 | 95 | (93) | 3 | |
| Fixed Assets Fund | 8,904 | 102 | (5) | 9,001 | |
| 8,905 | 197 | (98) | 9,004 | ||
| TOTAL OF FUNDS | 9,069 | 1,845 | (1,801) | 9,113 |
| ANALYS | IS O | F NET ASSETS BETWEEN FUND | S - CURRENT YEAR | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2021 | 2021 | 2021 | |||
| OOOO | f000 | f000 | |||
| Tangible | fixed | assets | 151 | 9,589 | 9,740 |
| Current | assets | 957 | 10 | 967 | |
| Creditors | due | within one year | (519) | (64) | (583) |
| Creditors | due | in more than one year | (453) | (453) | |
| TOTAL | 589 | 9,082 | 9,671 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2020 | 2020 | 2020 | ||
| f000 | f000 | f000 | ||
| Tangible | fixed assets | 165 | 9,534 | 9,699 |
| Current | assets | 438 | 131 | 569 |
| Creditors | due within one year | (366) | (208) | (574) |
| Creditors | due in more than one year | (128) | (453) | (581) |
| TOTAL | 109 | 9,004 | 9,113 |
| Group | Group | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| OOOO | f000 | ||||
| Net income | for the year (as per Statement of Financial | Activities) | 558 | ||
| ADJUSTMENTS FOR: | |||||
| Depreciation | charges | 18 | 37 | ||
| Decrease/(increase) | in stocks | 4 | (5) | ||
| Decrease/(increase) | in debtors | (203) | 96 | ||
| Decrease in |
creditors | (120) | (91) | ||
| NET CASH | PROVIDED BYOPERATING ACTIVITIES | 257 | 81 |
| Group | Group | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| f000 | f000 | ||||||
| Cash | in | hand | 631 | 432 | |||
| TOTAL | CASH | AND | CASH | EQUIVALENTS | 631 | 432 |
| At 1 April | At 31 March | |||
|---|---|---|---|---|
| 2020 | Cash flows | 2021 | ||
| OOOO | OOOO | |||
| Cash | at bank and in hand | 432 | 199 | 631 |
| Debt | due within 1 year |
(18) | (1) | ('I9) |
| Debt | due after 1 year | (453) | (453) | |
| (39) | 159 |