| 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 | 8-11 | |||
| Consolidated Statement |
of Financial Activities | 12 | ||||
| Consolidated Balance |
Sheet | 13 | ||||
| Charity Balance Sheet | 14 | |||||
| Consolidated Statement |
ofCash Flows | 15 | ||||
| Notes to the Financial | Statements | 16-30 |
| Trustees | Richard Bacon (stepped | Richard Bacon (stepped | Richard Bacon (stepped | down 27 | down 27 | June 2023) | June 2023) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Emma Bedford (stepped | down 12 July 2022) | |||||||||||||||
| Douglas Bott (appointed | 30 January 2023) | |||||||||||||||
| Mark Bowers (appointed | 30 January 2023) | |||||||||||||||
| Katherine Branch |
(appointed | 30 January | 2023) | |||||||||||||
| Maria Crayton (stepped |
down | 12 July 2022) | ||||||||||||||
| Christian Cull (appointed |
30 January 2023) | |||||||||||||||
| Anna Farthing (appointed |
30 | January 2023) | ||||||||||||||
| Diana Hall (stepped | down | 12 | July | 2022) | ||||||||||||
| Ben Heald, Chair | ||||||||||||||||
| Jenny Hemming, |
Deputy | Chair (until 12 July 2022) |
(stepped | down | 5 December | |||||||||||
| 2022) | ||||||||||||||||
| Stephanie Jay |
||||||||||||||||
| Paul Kenyon, Deputy |
Chair | (from 27 | September | 2023) (appointed | 30 January | |||||||||||
| 2023) | ||||||||||||||||
| Chris Ladkin | ||||||||||||||||
| Robert O' Leary | ||||||||||||||||
| Olu Osinoiki | ||||||||||||||||
| Elizabeth Raffle, |
Deputy | Chair | (from | 5 September | 2022) | (stepped | down | 27 | ||||||||
| September 2023) | ||||||||||||||||
| Madeline Toy (appointed |
30 January 2023) | |||||||||||||||
| 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 | |||||||||||||||
| 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 | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| Note | f000 | OOOO | f000 | f000 | |||
| Income from: | |||||||
| Donations and legacies |
618 | 125 | 743 | 633 | |||
| Charitable activities |
696 | 696 | 592 | ||||
| Other trading activities |
635 | 635 | 361 | ||||
| Investments | 5 | 5 | |||||
| Total income | 1,954 | 125 | 2,079 | 1,586 | |||
| Expenditure on: |
|||||||
| Raising funds | 329 | 329 | 155 | ||||
| Charitable activities |
1 327 | 163 | 1,490 | 1,222 | |||
| Total expenditure | 1,656 | 163 | 1,819 | 1,377 | |||
| Net income/(expenditure) taxation |
before | 298 | (38) | 260 | 209 | ||
| Taxation | (6) | ||||||
| Net movement in funds |
298 | (38) | 260 | 203 | |||
| Reconciliation offunds: |
|||||||
| Total funds brought | forward | 680 | 9,194 | 9,874 | 9,671 | ||
| Net movement in funds |
298 | (38) | 260 | 203 | |||
| Total funds carried forward | 978 | 9,156 | 10,134 | 9,874 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Note | OOOO | 2000 | |||||
| Fixed assets | |||||||
| Tangible assets | 9,708 | 9,747 | |||||
| 9,708 | 9,747 | ||||||
| Current assets | |||||||
| Stocks | 13 | 29 | 22 | ||||
| Debtors | 14 | 246 | 169 | ||||
| Cash at bank and | in | hand | 1,237 | 1,032 | |||
| 1,512 | 1,223 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 15 | (671) | (662) | ||||
| Net current assets | 841 | 561 | |||||
| Total assets less | current liabilities | 10,549 | 10,308 | ||||
| Creditors: amounts than one year |
falling due after more | 16 | (415) | (434) | |||
| Total net assets | 10,134 | 9,874 | |||||
| Charity funds | |||||||
| Restricted funds |
17 | 9,156 | 9,194 | ||||
| Unrestricted funds |
|||||||
| Designated funds |
17 | 645 | 607 | ||||
| General funds | 17 | 333 | 73 | ||||
| Total unrestricted | funds | 17 | 978 | 680 | |||
| Total funds | 10,134 | 9,874 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | f000 | f000 | ||||||
| Fixed assets | ||||||||
| Tangible assets | 9,708 | 9,747 | ||||||
| 9,708 | 9,747 | |||||||
| Current assets | ||||||||
| Debtors | 14 | 358 | 337 | |||||
| Cash at bank and | in | hand | 1,047 | 782 | ||||
| 1,405 | 1,119 | |||||||
| Creditors: amounts | falling | due within one | ||||||
| year | 15 | (564) | (558) | |||||
| Net current assets | 841 | 561 | ||||||
| Total assets less | current | liabilities | 10,549 | 10,308 | ||||
| Creditors: amounts than one year |
falling | due after more | 16 | (415) | (434) | |||
| Total net assets | 10,134 | 9,874 | ||||||
| Charity funds | ||||||||
| Restricted funds |
17 | 9,156 | 9,194 | |||||
| Unrestricted funds |
||||||||
| Designated funds |
17 | 645 | 607 | |||||
| General funds | 17 | 333 | 73 | |||||
| Total unrestricted | funds | 17 | 978 | 680 | ||||
| Total funds | 10,134 | 9,874 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| f000 | f000 | ||||
| Cash flows from operating | activities | ||||
| Net cash used in operating |
activities - note | 19 | 239 | 452 | |
| Cash flows from investing | activities | ||||
| Purchase oftangible fixed assets |
(15) | (68) | |||
| Proceeds from disposals | 36 | ||||
| Net cash used in investing | activities | (15) | (32) | ||
| Cash flows from financing | activities | ||||
| Repayments of borrowing |
(19) | (19) | |||
| Net cash used in financing | activities | (19) | (19) | ||
| Change in cash and cash |
equivalents | in | the year | 205 | 401 |
| Cash and cash equivalents | at the beginning | ofthe year | 1,032 | 631 | |
| Cash and cash equivalents | at the end ofthe year | 1,237 | 1,032 | ||
| The notes on pages 16to 30 form part ofthese financial statements |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2022 | |||
| f000 | f000 | f000 | |||
| Promotions, | hires and | ||||
| Learning | & | Participation | 696 | 592 | |
| TOTAL 2022 | 592 | 592 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| f000 | OOOO | OOOO | ||
| Sales | 635 | 635 | 361 | |
| TOTAL | 2022 | 361 | 361 |
| Activities | ||||||
|---|---|---|---|---|---|---|
| undertaken | Support | Total | Total | |||
| directly | costs | funds | funds | |||
| 2023 | 2023 | 2023 | 2022 | |||
| OOOO | f000 | OOOO | f000 | |||
| Promotions, | hires and Learning | 8 Participation | 427 | 1,063 | 1,490 | 1,222 |
| TOTAL 2022 | 406 | 816 | 1,222 |
| Prom otions, | ||||||
|---|---|---|---|---|---|---|
| hires and | Total | Total | ||||
| education | funds | funds | ||||
| 2023 | 2023 | 2022 | ||||
| f.000 | OOOO | f.000 | ||||
| Marketing | and box office | 38 | 38 | 48 | ||
| Other costs | 1 | |||||
| Artists' fees, programmes | and related | items | 389 | 389 | 357 | |
| 427 | 427 | 406 | ||||
| TOTAL2 | 22 | 406 | 406 |
| Promotions, | ||||
|---|---|---|---|---|
| hires and | Total | Total | ||
| education | funds | funds | ||
| 2023 | 2023 | 2022 | ||
| f000 | FOOO | F000 | ||
| Staff costs | 765 | 765 | 562 | |
| Depreciation | 54 | 54 | 36 | |
| Property costs | 157 | 157 | 109 | |
| Covid-related | costs | 5 | ||
| Legal and professional | 24 | 24 | 44 | |
| Office costs | 30 | 30 | 30 | |
| Bank charges | 21 | 21 | 20 | |
| Auditors' remuneration |
12 | 12 | 10 | |
| 1,063 | 1,063 | 816 | ||
| TOTAL 2022 | 816 | 816 |
| Group | Group | Charity | Charity | |
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| f000 | OOOO | OOOO | f000 | |
| Wages and salaries | 795 | 538 | 679 | 498 |
| Social security costs | 62 | 45 | 62 | 45 |
| Other pension costs | 24 | 19 | 24 | 19 |
| 881 | 602 | 765 | 562 |
| Group | Group |
|---|---|
| 2023 | 2022 |
| No. | No. |
| Long-term | |||
|---|---|---|---|
| leasehold | Fixtures and | ||
| property FOOO |
fittings OOOO |
Total f000 |
|
| COST OR VALUATION | |||
| At 1 April 2022 | 9,493 | 1,027 | 10,520 |
| Additions | 15 | 15 | |
| At 31 March 2023 | 9,493 | 1,042 | 10,535 |
| DEPRECIATION | |||
| At 1 April 2022 | 773 | 773 | |
| Charge for the year | 54 | 54 | |
| At 31 March 2023 | 827 | 827 | |
| NET BOOK VALUE | |||
| At 31 March 2023 | 9,493 | 215 | 9,708 |
| At 31 March 2022 | 9,493 | 254 | 9,747 |
| Name | Company | Registered | Registered | office or principal | office or principal | office or principal | Holding | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| number | place ofbusiness | ||||||||||
| SGB Enterprises | Limited | 04344449 | Great George Street, Off Park | l00'/0 | |||||||
| Street, Bristol, | BS15RR | ||||||||||
| The financial | results ofthe subsidiary | for the year were: | |||||||||
| Name | Income | Expenditure | Surplus for | ||||||||
| f000 | f000 | the year | |||||||||
| OOOO | |||||||||||
| SGB Enterprises | Limited | 635 | (504) | 131 | |||||||
| 13. | STOCKS | ||||||||||
| Group | Group | ||||||||||
| 2023 | 2022 | ||||||||||
| f000 | OOOO | ||||||||||
| Food and | drink for resale | 29 | 22 | ||||||||
| 14. | DEBTORS | ||||||||||
| Group | Group | Charity | Charity | ||||||||
| 2023 | 2022 | 2023 | 2022 | ||||||||
| f000 | f000 | f000 | f000 | ||||||||
| DUE WITHIN | ONE YEAR | ||||||||||
| Trade debtors | 94 | 58 | 29 | 19 | |||||||
| Amounts | owed by | group undertakings | 178 | 219 | |||||||
| Other debtors | 6 | 5 | |||||||||
| Prepayments | and | accrued income | 146 | 146 | 99 | ||||||
| 246 | 169 | 358 | 337 |
| Group | Group | Charity | Charity | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |||||||
| F.000 | f000 | FOOO | FOOO | |||||||
| Bank loans | 20 | 19 | 20 | 19 | ||||||
| Trade creditors | 91 | 116 | 79 | 85 | ||||||
| Other taxation | and | social security | 41 | 23 | 41 | 23 | ||||
| Other creditors | 200 | 209 | 198 | 209 | ||||||
| Accruals | and deferred | income | 319 | 295 | 226 | 222 | ||||
| 671 | 662 | 564 | 558 | |||||||
| Group | Group | Charity | Charity | |||||||
| 2023 | 2022 | 2023 | 2022 | |||||||
| f000 | FOOO | FOOO | FOOO | |||||||
| Deferred | income | |||||||||
| Deferred | income at 1 | April | 207 | 237 | 148 | 174 | ||||
| Resources deferred | during | the year | 223 | 207 | 154 | 148 | ||||
| Amounts | released | from previous | periods | (207) | (237) | (148) | (174) | |||
| Deferred | income at | 31 March | 223 | 207 | 154 | 148 |
| Group | Group | Charity | Charity | ||
|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | ||
| FOOO | f000 | F000 | FOOO | ||
| Bank | loans | 415 | 434 | 415 | 434 |
| Group | Group | Charity | Charity | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |||
| F000 | FOOO | f000 | FOOO | |||
| Repayable | by | instalments | 327 | 351 | 327 | 351 |
| 327 | 351 | 327 | 351 |
| STATEMENT OF FUNDS - CU | RRENT YEAR | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at 1 | Transfers | 31 March | |||
| April 2022 f000 |
Income f000 |
Expenditure f000 |
in/out f000 |
2023 f000 |
|
| UNRESTRICTED FUNDS | |||||
| DESIGNATED FUNDS | |||||
| The Development Fund |
607 | (2) | (605) | ||
| Remedial Capital Works Fund |
500 | 500 | |||
| Agency Fund | 145 | 145 | |||
| 607 | (2) | 40 | 645 | ||
| GENERAL FUNDS | |||||
| Charity | 73 | 1,953 | (1,653) | (40) | 333 |
| TOTAL UNRESTRICTED | |||||
| FUNDS | 680 | 1,953 | (1,655) | 978 | |
| RESTRICTED FUNDS | |||||
| Artistic and Learning & Participation Projects Fund |
131 | 119 | (128) | 122 | |
| Fixed Assets Fund | 8,975 | (28) | 8,947 | ||
| Remedial Capital Works Fund |
88 | (7) | 81 | ||
| Bursary Fund | 6 | ||||
| 9,194 | 125 | (163) | 9,156 | ||
| TOTAL OF FUNDS | 9,874 | 2,078 | (1,818) | 10,134 |
| STATEMENT OF FUNDS - PRI | OR YEAR | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | Transfers | 31 March | |||
| 1 April 2021 f000 |
Income f000 |
Expenditure f000 |
in/out f000 |
2022 f000 |
|
| UNRESTRICTED FUNDS | |||||
| DESIGNATED FUNDS | |||||
| The Development Fund |
382 | 225 | 607 | ||
| Remedial Capital Works Fund |
47 | (47) | |||
| 429 | 178 | 607 | |||
| GENERAL FUNDS | |||||
| Charity | 160 | 1,384 | (1,293) | (178) | 73 |
| TOTAL UNRESTRICTED | |||||
| FUNDS | 589 | 1,384 | (1,293) | 680 | |
| RESTRICTED FUNDS | |||||
| Artistic and Learning 8 |
|||||
| Participation Projects Fund |
86 | 114 | (69) | 131 | |
| Fixed Assets Fund | 8,996 | (21) | 8,975 | ||
| SGB Revival Project | 88 | 88 | |||
| 9,082 | 202 | (90) | 9,194 | ||
| TOTAL OF FUNDS | 9,671 | 1,586 | (1,383) | 9,874 |
| ANALY | SIS O | F NET ASSETS BETWEEN FUND | S - CURRENT YEAR | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2023 | 2023 | 2023 | |||
| FOOO | f000 | OOOO | |||
| Tangible | fixed | assets | 125 | 9,583 | 9,708 |
| Current | assets | 1,504 | 8 | 1,512 | |
| Creditors | due | within one year | (651) | (20) | (671) |
| Creditors | due | in more than one year | (415) | (415) | |
| TOTAL | 978 | 9,156 | 10,134 |
| ANALY | SIS O | F NET ASSETS BETWEEN FUNDS | - PRIOR YEAR | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2022 | 2022 | 2022 | |||
| f000 | f000 | f000 | |||
| Tangible | fixed | assets | 136 | 9,611 | 9,747 |
| Current | assets | 1,187 | 36 | 1,223 | |
| Creditors | due | within one year | (643) | (19) | (662) |
| Creditors | due | in more than one year | (434) | (434) | |
| 680 | 9,194 | 9,874 |
| Group | Group | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| f000 | f000 | |||||
| Net income | for the year (as per Statement | of Financial | Activities) | 260 | 203 | |
| ADJUSTMENTS FOR: | ||||||
| Depreciation | charges | 44 | ||||
| Increase in |
stocks | (7) | (4) | |||
| Decrease/(increase) | in debtors | (77) | 149 | |||
| Increase in |
creditors | 60 | ||||
| NET CASH | PROVIDED BYOPERATING | ACTIVITIES | 239 | 452 |
| Group | Group | ||||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| FOOO | f000 | ||||||
| Cash | in | hand | 1,237 | 1,032 | |||
| TOTAL | CASH | AND | CASH | EQUIVALENTS | 1 237 | 1,032 |
| At 1 April | At 31 March | ||||
|---|---|---|---|---|---|
| 2022 | Cash flows | 2023 | |||
| f000 | f000 | f.000 | |||
| Cash | at bank and | in hand | 1,032 | 205 | 1 237 |
| Debt | due within 1 |
year | (19) | (1) | (20) |
| Debt | due after 1 year | (434) | 19 | (415) | |
| 579 | 223 | 802 |