| Page | ||||
|---|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, | its Directors ofTrustee company | 1 | |
| and Advisers | ||||
| Directors' Report | 2-8 | |||
| Directors' Responsibilities Statement |
||||
| Independent Auditors' |
Report | on the Financial Statements | 10-13 | |
| Statement of Financial |
Activities | 14 | ||
| Balance Sheet | 15 | |||
| Notes to the Financial | Statements | 16-32 |
| Directors of | Trustee | Dr Daniela De Angeli | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Company | Mr Tim Beale (resigned | 7 July | 2020) | ||||||
| Cllr Sarah Bevan (resigned | 1 September | 2020) | |||||||
| Mr Stephen Bird |
|||||||||
| Mr Michael Davis | |||||||||
| Professor Jonathan Dawes |
|||||||||
| Dr Henry Ford | |||||||||
| Professor lan Gadd | |||||||||
| Mr Christopher Garcia |
|||||||||
| Dr Adalgisa Giorgio (resigned |
31 | July 2020) | |||||||
| Mr David Hall (appointed |
4 | September 2020) | |||||||
| Dr David J Haywood | (resigned | 10December 2020) | |||||||
| Ms Geraldine Kontos |
|||||||||
| Dr Penelope Law |
|||||||||
| Cllr Bharat Pankhania | (appointed | 8 September 2020) | |||||||
| Mrs Elizabeth Suchar | |||||||||
| Dr Joe Willson | |||||||||
| Trustee | Bath Royal Literary & |
Scientific institution | Trustees | Ltd | |||||
| Charity registered | |||||||||
| number | 304477 | ||||||||
| Principal office | 16-18Queen Square | ||||||||
| Bath | |||||||||
| BA1 2HN | |||||||||
| Independent | auditors | Bishop Fleming LLP |
|||||||
| Chartered Accountants |
|||||||||
| 10Temple Back | |||||||||
| Bristol | |||||||||
| BS16FL |
| llowing were Director |
s on the date | the report was | approved. | approved. | approved. | ||
|---|---|---|---|---|---|---|---|
| Mr Stephen Bird |
Appointed | (South West Federation | of Museums | and Art Galleries) | |||
| Mr Michael Davis (Vice Chair) | Elected | ||||||
| Professor Jonathan | Dawes | Appointed | (The University | of | Bath) | ||
| Dr Daniela De Angeli | Appointed | (The University | of | Bath) | |||
| Dr Henry Ford | Elected | ||||||
| Mr Chris Garcia | Elected | ||||||
| Professor lan Gadd | Appointed | (Bath Spa University) | |||||
| Mr David Hall |
Appointed | (Bath Preservation | Trust) | ||||
| Ms Gerry Kontos | Elected | ||||||
| Dr Penelope Law |
Elected | ||||||
| Cllr Bharat Pankhania | Appointed | (BBNES Council) | |||||
| Mrs Elizabeth Suchar (Chair) | Elected | ||||||
| Dr Joe Willson | Elected |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| Note | 2021 | 2021f | 2021f | 2021 | 2020 | ||
| INCOME AND | |||||||
| ENDOWMENTS | |||||||
| FROM: | |||||||
| Donations and legacies |
3 | 84,116 | 54,070 | 138,186 | 90,984 | ||
| Charitable activities |
15,876 | 15,876 | 84,267 | ||||
| Activities for |
|||||||
| Generating Funds |
4 | 174,591 | 174,591 | 186,451 | |||
| Investments | 5 | 22,852 | 22,852 | 14,861 | |||
| TOTAL INCOME ENDOWNIENTS |
AND | 297,435 | 54,070 | 351,505 | 376,563 | ||
| EXPENDITURE ON: | |||||||
| Raising funds | 150 | 150 | 3,551 | ||||
| Charitable activities |
287,830 | 42,316 | 330,146 | 458,862 | |||
| TOTAL EXPENDITURE |
287,980 | 42,316 | 330,296 | 462,413 | |||
| NET | |||||||
| INCOME/(EXPENDIT | |||||||
| URE) BEFORE NET | |||||||
| GAINS/(LOSSES) | |||||||
| ON INVESTMENTS | 9,455 | 11,754 | 21,209 | (85,850) | |||
| Net gains/(losses) investments |
on | 46,460 | (200,000) | (153,540) | (19,996) | ||
| NET MOVEMENT FUNDS |
IN | 55,915 | 11,754 | (200,000) | (132,331) | (105,846) | |
| RECONCILIATION | OF | ||||||
| FUNDS: | |||||||
| Total funds brought forward |
530,232 | 'I5,171 | 3,531,369 | 4,076,772 | 4,182,618 | ||
| Net movement in funds |
55,915 | 11,754 | (200,000) | (132,331) | (105,846) | ||
| TOTAL FUNDS | |||||||
| CARRIED FORWARD |
586,147 | 26,925 | 3,331,369 | 3,944,441 | 4,076,772 |
| Note | 2021f | 2020 | ||||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Tangible assets | 9 | 1)098(603 | 1,116,001 | |||
| Investments | 11 | 663,637 | 504,087 | |||
| Investment property |
10 | Z,250,000 | 2,450,000 | |||
| 3,902,140 | 4,070,088 | |||||
| CURRENT ASSETS | ||||||
| Debtol s | 12 | 87,184 | 95,718 | |||
| Cash at bank and in hand | 155,754 | 38,954 | ||||
| 242,938 | 134,672 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 13 | (166,637) | (127,988) | |||
| NET CURRENT ASSETS | 87,301 | 6,684 | ||||
| Creditors: amounts | falling due after more | |||||
| than one year | 14 | (45,000) | ||||
| NET ASSETS EXCLUDING PENSION | ||||||
| ASSET | 3,944,441 | 4,076,772 | ||||
| TOTAL NET ASSETS | 3,944,441 | 4,076,772 | ||||
| CHARITYFUNDS | ||||||
| Endowment funds |
15 | 3,331,369 | 3,531,369 | |||
| Restricted funds | 15 | 26,925 | 15,171 | |||
| Unrestricted funds |
15 | 586,147 | 530,232 | |||
| TOTAL FUNDS | 3,944,441 | 4,076,772 |
| Unrestricted | Restricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | ||
| 2021f | 2021 f |
2021 | 2021f | 2020 E |
||
| Donations | 42,525 | 235 | 42,760 | 90,399 | ||
| Grants | 53,835 | 53,835 | ||||
| Coronavirus | Job Retention | |||||
| Scheme | 41,591 | 41,591 | 585 | |||
| 84,116 | 54,070 | 138,186 | 90,984 | |||
| TOTAL 2020 | 54,151 | 36,633 | 200 | 90,984 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| f. | E | |||
| Rents Received | 174,591 | 174,591 | 186,451 | |
| TOTAL 2020 | 186,451 | 186,451 | ||
| 5. | INVESTMENT INCOME |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| E | ||||
| Income from listed investments | 22,747 | 22,747 | 14,411 | |
| Investment | income - cash | 105 | 105 | 450 |
| 22,852 | 22,852 | 14,861 | ||
| TOTAL 2020 | 14,861 | 14,861 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total | Total | ||
| directly | costs | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| E | E | E | |||
| Charitable | activities | 48,887 | 281,259 | 330,146 | 458,862 |
| TOTAL 2020 | 124,938 | 333,924 | 458,862 |
| Total | Total | |
|---|---|---|
| funds | funds | |
| 2021 | 2020 | |
| Staff costs | 33,809 | 33,420 |
| Other costs | 3,887 | 79,136 |
| Premises costs | 11,191 | 12,382 |
| 48,887 | 124,938 |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2020 | ||
| F | |||
| Staff costs | 99,983 | 104,345 | |
| Other costs | 58,271 | 67,045 | |
| Premises costs | 91,646 | 130,929 | |
| Accountancy | costs | 10,000 | 6,450 |
| Resilience project expenditure | 21,359 | 25,155 | |
| 281,259 | 333,924 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| F | E | |||
| Depreciation of owned tangible |
fixed assets | 17,398 | 19,842 | |
| Auditors | remuneration | 6,500 | 6,500 | |
| Operating | lease rentals | 1,960 | 1,960 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | |||||
| Wages and | salaries | 118,576 | 116,215 | ||
| Social security costs | 6,583 | 8,931 | |||
| Contribution | to defined | contribution | pension schemes | 8,633 | 12,619 |
| 133,792 | 137,765 |
| 2021 | 2020 |
|---|---|
| No. | No. |
| 2021 | 2020 | |
|---|---|---|
| No. | No. | |
| Collection | ||
| Support |
| No employee receive |
d remun | eration amounting to m |
eration amounting to m |
ore than f60,000 in eit | her year. | |
|---|---|---|---|---|---|---|
| During the year the |
charity | received F41,591 under | the Coronavirus Job |
Retention Scheme |
(CJRS) in | |
| respect of furloughed | staff as disclosed | in note 3. | ||||
| TANGIBLE FIXEDASSETS | ||||||
| Freehold | Fixtures and | |||||
| property F |
fittings | Totalf | ||||
| COST OR VALUATION | ||||||
| At 1 April 2020 | 1,081,114 | 130,719 | 1,211,833 | |||
| At 31 March 2021 | 1,081,114 | 130,719 | 1,211,833 | |||
| DEPRECIATION | ||||||
| At 1 April 2020 | 95,832 | 95,832 | ||||
| Charge for the year | 17,398 | 17„398 | ||||
| At 31 March 2021 | 113,230 | 113,230 | ||||
| NET BOOK VALUE | ||||||
| At 31 March 2021 | 1,081,114 | 17,489 | 1,098,603 | |||
| At 31 March 2020 | 1,081,114 | 34,887 | 1,116,001 |
| Freehold | |
|---|---|
| investment | |
| propertyf | |
| VALUATION | |
| At 1 April 2020 | 2,450,000 |
| Deficit on revaluation | (200,000) |
| At 31 March 2021 | 2,250,000 |
| Listed | Listed | Other | |||
|---|---|---|---|---|---|
| investments | f | investments f |
Totalf | ||
| COST OR VALUATION | |||||
| At 1 April 2020 | 448,605 | 55,482 | 504,087 | ||
| Additions | 2,990 | 2,990 | |||
| Revaluations | 46,460 | 46,460 | |||
| AT 31 MARCH 2021 | 495,065 | 58,472 | 553,537 | ||
| NET BOOK VALUE | |||||
| AT 31 MARCH 2021 | 495,065 | 58,472 | 553,537 | ||
| AT 31 MARCH 2020 | 448,605 | 55,482 | 504,087 | ||
| DEBTORS | |||||
| 2021f | 2020f | ||||
| DUE WITHIN | ONE YEAR | ||||
| Trade debtors | 6,267 | 5,090 | |||
| Other debtors | 77,527 | 82,695 | |||
| Prepayments | and accrued income | 3,390 | 7,933 | ||
| 87,184 | 95,718 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| F | E | |||||
| Bank loans | 5,000 | |||||
| Trade creditors | 13,286 | 10,569 | ||||
| Other taxation and | social | security | 1,610 | |||
| Other creditors | 50,708 | 35,017 | ||||
| Accruals and deferred | income | 86,643 | 80,792 | |||
| 155,637 | 127,988 | |||||
| 2021 | 2020 | |||||
| Deferred income at 1 April | 2020 | 52,207 | 23,374 | |||
| Resources deferred | during | the year | 25,238 | 52,207 | ||
| Amounts released |
from previous | periods | (52,207) | (23,374) | ||
| 25,238 | 52,207 |
| 2021 | 2020 | ||
|---|---|---|---|
| E | |||
| Bank loans | 45,000 | ||
| Included within the above are amounts |
falling due as follows: | ||
| 2021 | 2020 | ||
| BETWEEN ONE AND TWO YEARS | |||
| Bank loans | 5,000 | ||
| BETWEEN TWO AND FIVE YEARS | |||
| Bank loans | 15,000 | ||
| OVER FIVE YEARS | |||
| Bank loans | 25,000 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | Gains/ | 31 Ilarch | ||||
| April 2020f | Income f |
Expenditure | f | in/out f |
(Losses) f |
2021 f |
|
| UNRESTRICTE | |||||||
| D FUNDS | |||||||
| General Fund |
50,000 | 287,435 | (260,582) | (73,313) | 46,460 | 50,000 | |
| Contingency | |||||||
| Fund | 200,000 | 200,000 | |||||
| Fixtures and | |||||||
| Fittings Fund |
34,887 | (17,398) | 17,489 | ||||
| Designated | |||||||
| Valentine Fund |
10,744 | 10,744 | |||||
| Designated | |||||||
| Cassidy Fund | 30,811 | (10,000) | 20,811 | ||||
| Designated | |||||||
| Youth Activities | |||||||
| Fund | 1,666 | 1,666 | |||||
| Designated Bath |
|||||||
| Society Fund | 29,508 | 29,508 | |||||
| Income | |||||||
| Generating | |||||||
| Fund | 172,616 | 10,000 | 73313 | 255,929 | |||
| 530,232 | 297,435 | (287,980) | 46,460 | 586,147 | |||
| ENDOWMENT | |||||||
| FUNDS | |||||||
| Freehold | |||||||
| Property Fund |
3,531,114 | (200,000) | 3,331,114 | ||||
| 1824 Fund | 255 | 255 | |||||
| 3,531,369 | (200,000) | 3,331,369 | |||||
| RESTRICTED | |||||||
| FUNDS | |||||||
| Adopt a Book | (20) | 235 | (231) | (16) | |||
| Collections | |||||||
| Preservation | |||||||
| Fund | 95 | 95 | |||||
| Restricted Youth |
|||||||
| Activities Fund |
2,841 | 2,841 | |||||
| Adelard | |||||||
| Memorial Fund |
1,050 | 1,050 |
| STATEM | ENT OF | FUN | DS - CURR | ENT YEAR | (continued) | |||
|---|---|---|---|---|---|---|---|---|
| Balance at | ||||||||
| Balance at 1 | Transfers | Gains/ | 31 March | |||||
| April 2020f | Income | Expenditure | in/out | (Losses) | 2021 | |||
| BRLSI | ||||||||
| Resilience | ||||||||
| Project | (NHLF) | 10,845 | (10,845) | |||||
| llminster | ||||||||
| Excavation | ||||||||
| Project | 326 | 326 | ||||||
| Virtual BRLSI | ||||||||
| Project | 34 | (34) | ||||||
| Forward | to the | |||||||
| Future | 51,000 | (28,371) | 22,629 | |||||
| Recovery | ||||||||
| Funding | SW | |||||||
| Museum | s | 2,835 | (2,835) | |||||
| 15,171 | 54,070 | (42,316) | 26,925 | |||||
| TOTAL OF | ||||||||
| FUNDS | 4,076,772 | 351,505 | (330,296) | (153,540) | 3,944,441 |
| STATEM | ENT OF | FUNDS - PRIOR | YEAR | ||||
|---|---|---|---|---|---|---|---|
| Balance at | |||||||
| Balance at | Transfers | Gains/ | 31 March | ||||
| 1 April 2019 | Income | Expenditure | in/out | (Losses) | 2020 | ||
| E | E | ||||||
| UNRESTRICTE | |||||||
| D FUNDS | |||||||
| General Fund |
50,000 | 336,075 | (413,621) | 97,542 | (19,996) | 50,000 | |
| Contingency | |||||||
| Fund | 200,000 | 200,000 | |||||
| Fixtures and | |||||||
| Fittings Fund | 54,729 | (19,842) | 34,887 | ||||
| Designated | |||||||
| Valentine | Fund | 10,744 | 10,744 | ||||
| Designated | |||||||
| Cassidy | Fund | 30,811 | 30,811 | ||||
| Designated | |||||||
| Youth Activities | |||||||
| Fund | 1,666 | 1,666 | |||||
| Designated | Bath | ||||||
| Society Fund | 29,508 | 29,508 | |||||
| Income | |||||||
| Generating | |||||||
| Fund | 270,158 | (97,542) | 172,616 | ||||
| 647,616 | 336,075 | (433,463) | (19,996) | 530,232 | |||
| ENDOWMENT | |||||||
| FUNDS | |||||||
| Freehold | |||||||
| Property | Fund | 3,531,114 | 3,531,114 | ||||
| 1824 Fund | 55 | 200 | 255 | ||||
| 3,531,169 | 200 | 3,531,369 | |||||
| RESTRICTED | |||||||
| FUNDS | |||||||
| Adopt a Book | (153) | 388 | (255) | (20) | |||
| Collections | |||||||
| Preservation | |||||||
| Fund | 95 | 95 | |||||
| Restricted | Youth | ||||||
| Activities | Fund | 2,841 | 2,841 | ||||
| Adelard | |||||||
| Memorial | Fund | 1,050 | 1,050 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | 31 March | |||
| 1 April 2019 | Income | Expenditure | in/out | (Losses) | 2020 | |
| E | E | E | E | F | ||
| BRLSI | ||||||
| Resilience | ||||||
| Project (NHLF) | 36,000 | (25,155) | 10,845 | |||
| Ilminster | ||||||
| Excavation | ||||||
| Project | 2,950 | (2,624) | 326 | |||
| Virtual BRLSI | ||||||
| Project | 950 | (916) | 34 | |||
| 3,833 | 40,288 | (28,950) | 15,171 | |||
| TOTAL OF | ||||||
| FUNDS | 4,182,618 | 376,563 | (462,413) | (19,996) | 4,076,772 |
| Unrestricted | Restricted | Endowment | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2020 | 2020 | 2020 | 2020 | ||
| E | |||||
| Tangible | fixed assets | 34,887 | 1,081,114 | 1,116,001 | |
| Fixed asset investments | 504,087 | 504,087 | |||
| Investment property |
2,450,000 | 2,450,000 | |||
| Current | assets | 119,246 | 15,171 | 255 | 134,672 |
| Creditors | due within one year | (127,988) | (127,988) | ||
| TOTAL | 530,232 | 15,171 | 3,531,369 | 4,076,772 |
| cancellable | o | perating leases as follows: |
||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | E | |||
| Not later than | 1 year | 1,960 | 1,960 | |
| Later than | 1 year and not later than 5years | 980 | 2,940 | |
| 2,940 | 4,900 |