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|||||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||||||||
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|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||||||
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||||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|
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|||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|
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||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|
##
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|||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|
##
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|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|
##
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