| Page | ||
|---|---|---|
| Reference and Administrative | Details ofthe Charity, its Trustees and Advisers | |
| Chair's Statement | ||
| Trustees' Report | 3-7 | |
| Trustees' Responsibilities Statement |
||
| Independent Auditors' Report |
on the Financial Statements | 9-12 |
| Consolidated Statement ofFinancial Activities |
13 | |
| Consolidated Balance Sheet |
14 | |
| Charity Balance Sheet | ||
| Consolidated Statement ofCash Flows |
||
| Notes tothe Financial Statements | 17-32 |
| Trustees | Richard Bacon | |||
|---|---|---|---|---|
| Emma Bedford (stepped | down 12July 2022) | |||
| Maria Crayton (stepped | down 12July 2022) | |||
| Diana Hall (stepped | down 12July 2022) | |||
| Ben Heald, Chair | ||||
| Jenny Hemming, Deputy Stephanie Jay |
Chair (until 12July 2022) | |||
| Chris Ladkin | ||||
| Robert O' Leary | ||||
| Olu Osinoiki (appointed | 30July 20?1) | |||
| Elizabeth Raffle, Deputy |
Chair (from 5 September 2022) | |||
| Company | registered | |||
| number | 2053843 | |||
| Charity registered | ||||
| number | 295178 | |||
| Registered | office | Great George Street | ||
| Off Park Street | ||||
| Bristol | ||||
| BS15RR | ||||
| Company secretary | Lorraine James | |||
| Chief executive | Samir Savant (from September 20?1) | |||
| 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 | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Note | 6000 | 6000 | 6000 | OOOO | ||
| Income from: | ||||||
| Donations and legacies Charitable activities |
431 592 |
202 | 633 592 |
1,289 81 |
||
| Other trading activities |
361 | 361 | 21 | |||
| Total income | 1,384 | 202 | 1,586 | 1,391 | ||
| Expenditure on: |
||||||
| Raising funds | 155 | 155 | 21 | |||
| Charitable activities |
1 132 | 90 | 1,222 | 812 | ||
| Total expenditure | 1,287 | 90 | 1,377 | 833 | ||
| Net income before | taxation | 97 | 112 | 209 | 558 | |
| Taxation | (6) | (6) | ||||
| Net movement in funds |
91 | 112 | 203 | 558 | ||
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 589 | 9,082 | 9,671 | 9,113 | |
| Net movement in funds |
91 | 112 | 203 | 558 | ||
| Total funds carried | forward | 680 | 9,194 | 9,874 | 9,671 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | F000 | OOOO | ||||
| Fixed assets | ||||||
| Tangible assets | 9,747 | 9,740 | ||||
| 9,747 | 9,740 | |||||
| Current assets | ||||||
| Stocks | 13 | 22 | 18 | |||
| Debtors | 14 | 318 | ||||
| Cash at bank and in hand | 1,032 | 631 | ||||
| 1223 | 967 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 15 | (662) | (583) | |||
| Net current assets | 561 | 384 | ||||
| Total assets less current liabilities | 10,308 | 10,124 | ||||
| Creditors: amounts | falling due after more | |||||
| than one year | (434) | (453) | ||||
| Net assets | 9,874 | 9,671 | ||||
| Total net assets | 9,874 | 9,671 | ||||
| Charity funds | ||||||
| Restricted funds | 17 | 9,194 | 9,082 | |||
| Unrestricted funds |
17 | 680 | 589 | |||
| Totalfunds | 9,874 | 9,671 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | 6000 | 6000 | ||||
| Fixed assets | ||||||
| Tangible assets | 9,747 | 9,715 | ||||
| 9,747 | 9,715 | |||||
| Current assets | ||||||
| Debtors | 14 | 337 | 301 | |||
| Cash at bank and | in hand | 782 | 622 | |||
| 1,119 | 923 | |||||
| Creditors: amounts | falling due within one | |||||
| year | (558) | (514) | ||||
| Net current assets | 561 | 409 | ||||
| Total assets less | current liabilities | 10,308 | 10,124 | |||
| Creditors: amounts | falling due after more | |||||
| than one year | 16 | (434) | (453) | |||
| Total net assets | 9,874 | 9,671 | ||||
| Charity funds | ||||||
| Restricted funds | 17 | 9,194 | 9,082 | |||
| Unrestricted funds |
17 | 680 | 559 | |||
| Totalfunds | 9,874 | 9,671 |
| 2022 6000 |
2021 f000 |
||||
|---|---|---|---|---|---|
| Cash flows from operating | activities | ||||
| Net cash used in operating |
activities - note | 19 | 452 | 257 | |
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets Proceeds from disposals |
(68) 36 |
(59) | |||
| Net cash used in investing | activities | (32) | (59) | ||
| Cash flows from financing | activities | ||||
| Repayments of borrowing |
(19) | ||||
| Net cash (used in)/provided | by financing | activities | (19) | ||
| Change in cash and cash |
equivalents in |
the year | 401 | 199 | |
| Cash and cash equivalents | at the beginning | ofthe year | 631 | 432 | |
| Cash and cash equivalents | atthe end of | the year | 1,032 | 531 | |
| The notes on pages 17to 32 form part ofthese financial state/sents |
| Unrestricted | Restncted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| 5000 | f000 | 6000 | f000 | |
| Donations | 165 | 165 | 177 | |
| Legacies | 33 | 33 | 130 | |
| Grants | 233 | 202 | 435 | 982 |
| 431 | 202 | 633 | 1,289 | |
| TOTAL 2021 | 1,205 | 83 | 1,289 |
| Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| 6000 | 6000 | f000 | ||||
| Promotions, | hires and education | 592 | 592 | 81 | ||
| TOTAL 2021 | 81 | 81 | ||||
| 5. | INCOME FROM OTHER TRADING ACTIVITIES | |||||
| Income from | non charitable | trading activities |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| 5000 | F000 | f000 | |
| Sales | 361 | 361 | 21 |
| TOTAL 2021 | 21 | ||
| ANALYSIS OF EXPENDITURE BYACTIVITIES |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total | Total | ||
| dll ectiY | costs | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| 6000 | f000 | 6000 | 5000 | ||
| Promotions, | hires and education | 406 | 816 | 1,222 | 812 |
| TOTAL 2021 | 63 | 749 | 812 |
| Promotions, | ||||||
|---|---|---|---|---|---|---|
| hires and | Total | Total | ||||
| education | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| f000 | f000 | f000 | ||||
| Marketing and box office |
48 | 48 | ||||
| Other costs | 1 | |||||
| Artists' fees, programmes | and related | items | 357 | 357 | 54 | |
| 408 | 406 | 63 | ||||
| TOTAL 2021 | 63 | 63 | ||||
| ANALYSIS OF SUPPORT | COSTS | |||||
| Promotions, | ||||||
| hires and | Total | Total | ||||
| education | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| f000 | f000 | f000 | ||||
| Staff costs | 562 | 562 | 570 | |||
| Depreciation | 36 | 36 | 18 | |||
| Property costs | 109 | 109 | 82 | |||
| Covid-related | costs | 5 | 5 | 3 | ||
| Legal and professional | 44 | 44 | 24 | |||
| Office costs | 30 | 30 | 23 | |||
| Bank charges | 20 | 20 | 20 | |||
| Auditors' remuneration |
10 | 10 | 9 | |||
| 816 | 816 | 749 | ||||
| TOTAL 2021 | 749 | 749 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | |
| 6000 | 6000 | 8000 | 6000 | |
| Wages and salaries | 538 | 517 | 498 | 513 |
| Social security costs | 45 | 37 | 45 | 37 |
| Other pension costs | 19 | 20 | 19 | 20 |
| 602 | 574 | 562 | 570 |
| Group | Group | |
|---|---|---|
| 2022 | 2021 | |
| No. | No. | |
| Employees | 39 | 41 |
| Group | Group |
|---|---|
| 2022 | 2021 |
| No. | No. |
| Long-term | |||
|---|---|---|---|
| leasehold | Fixtures and | ||
| property | fittings | Total | |
| COST OR VALUATION | 6000 | 8000 | 6000 |
| At 1 April 2021 Additions |
9,489 4 |
946 64 |
10,435 68 |
| At 31 March 2022 | 9,493 | 1,010 | 10,503 |
| DEPRECIATION | |||
| At 1 April 2021 Charge for the year |
720 36 |
720 36 |
|
| At 31 March 2022 | 756 | 756 | |
| NET BOOK VALUE | |||
| At 31 March 2022 | 9,493 | 254 | 9,747 |
| At 31 March 2021 | 9,489 | 226 | 9,715 |
| Name | Company number |
Registered office or principal place ofbusiness |
Registered office or principal place ofbusiness |
Registered office or principal place ofbusiness |
Registered office or principal place ofbusiness |
Registered office or principal place ofbusiness |
Holding | |||
|---|---|---|---|---|---|---|---|---|---|---|
| SGB Enterprises | Limited | 04344449 | Great George Street, Off Park | 100% | ||||||
| Street, Bristol, | BS15RR | |||||||||
| The financial | results ofthe subsidiary | for the year were: | ||||||||
| Name | Income 6000 |
Expenditure 8000 |
Profit/(Loss) / Surplus/ |
|||||||
| (Deficit) for | ||||||||||
| the year | ||||||||||
| 6000 | ||||||||||
| SGBEnterprises | Limited | 361 | (158) | 203 | ||||||
| 13. | STOCKS | |||||||||
| Group | Group | |||||||||
| 2022 | 2021 | |||||||||
| 6000 | 6000 | |||||||||
| Food and drink for resale | 22 | 18 | ||||||||
| 14. | DEBTORS | |||||||||
| Group 2022 |
Group 2021 |
Charity 2022 |
Charity 2021 |
|||||||
| 5000 | 6000 | 8000 | 6000 | |||||||
| DUE WITHIN | ONE YEAR | |||||||||
| Trade debtors | 58 | 56 | 19 | 20 | ||||||
| Amounts owed by |
group undertakings | 219 | 22 | |||||||
| Other debtors | 16 | 13 | ||||||||
| Prepayments | and accrued income | 246 | 99 | 246 | ||||||
| 318 | 337 | 301 |
| Group 2022 |
Group 2021 |
Charity 2022 |
Charity 2021 |
|||
|---|---|---|---|---|---|---|
| 5000 | EOOO | 6000 | 5000 | |||
| Bank loans Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
19 116 23 209 295 |
19 72 28 186 298 |
19 85 23 209 222 |
19 73 25 165 232 |
||
| 662 | 583 | 558 | 514 |
| Deferred | income | Group 2022 5000 |
Group 2021 OOOO |
Charity 2022 OOOO |
Charity 2021 5000 |
|
|---|---|---|---|---|---|---|
| Deferred income at 1 Apri1 Resources deferred during the year Amounts released from previous periods |
237 207 (237) |
152 237 (152) |
174 148 (174) |
145 174 (145) |
||
| Deferred | income at 31 March | |||||
| 174 |
| Group 2022 6000 |
Group 2021 5000 |
Charity 2022 EOOO |
Charity 2021 5000 |
||
|---|---|---|---|---|---|
| Bank | loans | 434 | 453 | 434 | 453 |
| G.oup 2022 |
Group 2021 |
Charity 2022 |
Charity 2021 |
|||
|---|---|---|---|---|---|---|
| :EOOO | 5000 | 5000 | f000 | |||
| Repayable | by | instalments | 351 | 373 | 351 | 373 |
| 351 | 373 | 351 | 373 |
| Balance at 1 April 2021 6000 |
Income 5000 |
Expenditure 5000 |
Transfers in/out 6000 |
Balance at 31March 2022 6000 |
|
|---|---|---|---|---|---|
| UNRESTRICTED FUNDS | |||||
| DESIGNATED FUNDS | |||||
| The Development Fund Culture Recovery Fund |
382 47 |
225 (47) |
607 | ||
| 429 | 178 | 607 | |||
| GENERAL FUNDS | |||||
| Charity | 160 | 1,384 | (1,293) | (178) | 73 |
| TOTAL UNRESTRICTED | |||||
| FUNDS | 589 | 1,384 | (1,293) | 880 | |
| RESTRICTED FUNDS | |||||
| Artistic and Learning & |
|||||
| Participation Projects Fund Fixed Assets Fund SGBRevival Project |
86 8,996 |
114 88 |
(69) (21) |
131 8,975 88 |
|
| 9,082 | 202 | (90) | 9,194 | ||
| TOTAL OF FUNDS | 9,671 | 1,586 | (1,383) | 9,874 |
| Balance at 1 April2020 f000 |
Income ;"000 |
Expenditure f000 |
Transfers in/out 8000 |
Balance at 31 March 2021 6000 |
||
|---|---|---|---|---|---|---|
| UNRESTRICTED | FUNDS | |||||
| DESIGNATED FUNDS | ||||||
| The Development Fund Culture Recovery Fund |
100 | 282 47 |
382 47 |
|||
| 100 | 329 | 429 | ||||
| GENERAL FUNDS | ||||||
| Charity | 9 | 1,308 | (828) | (329) | 160 | |
| TOTAL UNRESTRICTED | ||||||
| FUNDS | 109 | 1,308 | (828) | 589 | ||
| RESTRICTED FUNDS | ||||||
| Artistic and Learning | & | |||||
| Participation Projects Fund Fixed Assets Fund |
3 9,001 |
83 | (5) | 86 8,996 |
||
| 9,004 | 83 | (5) | 9,082 | |||
| TOTAL OF FUNDS | 9,113 | 1,391 | (833) | 9,671 |
| ANALY | SIS O | F NET ASSETS BETWEEN FUND | S -CURRENT YEAR | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| f000 | f000 | f000 | |||
| Tangible Current Creditors Creditors |
fixed assets due due |
assets within one year in more than one year |
136 1,187 (643) |
9,611 36 (19) (434) |
9,747 1,223 (662) (434) |
| TOTAL | 680 | 9,194 | 9,874 |
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2021 f000 |
2021 f000 |
2021 f000 |
|||
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year |
151 957 (519) |
9,589 10 (64) (453) |
9,740 967 (583) (453) |
||
| TOTAL | 589 | 9,082 | 9,671 | ||
| 19. | RECONCILIATION ACTIVITIES |
OF NET MOVEMENT | IN FUNDS TO NET CASH FLOW | FROM OPERATING |
| Group | Group | ||
|---|---|---|---|
| 2022 | 2021 | ||
| f000 | f000 | ||
| Net income for the year (as per Statement | of Financial Activities) | 203 | 558 |
| ADJUSTMENTS FOR: | |||
| Depreciation charges |
44 | 18 | |
| Decrease/(increase) in stocks Decrease/(increase) in debtors Increase/(decrease) in creditors |
(4) 149 60 |
4 (203) (120) |
|
| NET CASH PROVIDED BYOPERATING | ACTIVITIES | 452 | 257 |
| Group | Group | |
|---|---|---|
| 2022 | 2021 | |
| f000 | f000 | |
| Cash in hand | 1,032 | 631 |
| TOTAL CASH AND CASH EQUIVALENTS | 1,032 | 631 |
| At 1 April | At 31 liilaroh | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | Cash flows | 2022 | |||||
| f000 | f000 | f000 | |||||
| Cash | at | bank and | in hand | 631 | 401 | 1,032 | |
| Debt | due | within | 1 | year | ('18) | (18) | |
| Debt | due | after 1 | year | (453) | 18 | (434) |