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|||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||||||||
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||||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|||||
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||OOOO|OOOO|f000|
|Promotions,|hires and education||81|747|
|TOTAL 2020||747|747||
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|||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||
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||||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||
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||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.|
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|||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|
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|||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|
##
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|Name|||Company|Registered office or principal|Holding|
|---|---|---|---|---|---|
||||number|place ofbusiness||
|SGB|Enterprises|Limited|04344449|Great George Street, Off Park|100'io|
|||||Street, Bristol, BS15RR||
##
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||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|
##
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||||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|
##
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|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|
##
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|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|
##
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|||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|
##
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|||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|
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