2020-12-31-accounts

				Page
Reference and Administrative		Details ofthe Company,	its Trustees and Advisers
Trustees' Report				2-11
Independent Auditor's	Report	on the Financial Statements		12-14
Statement of Financial	Activities			15
Balance Sheet				16
Statement ofCash Flows				17
Notes to the Financial	Statements			18-34

Trustees			SAriaratnam
			J Cullum DL, Chair
			P Medlock
			C Rogers
			D Rogers
			A Singleton
			V Smith
			R Turner
			G Andrews	(Resigned 16February 2021)
			STaylor (Resigned		1 November 2021)
Company	registered
number			02319269
Charity registered
number			801617
Registered		office	1a Forum Buildings
			StJames Parade
			Bath
			BA1 1UG
Chief executive officer			I Stockley
Independent		auditor	Crowe U.K.	LLP
			Fourth Floor
			StJames House
			StJames Square
			Cheltenham
			GL50 3PR
Bankers			National Westminster		Bank Pic
			24-25 Stall Street
			Bath
			BA1 1TG

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2020	2020	2020	2019
		Note
Income from:
Donations and	grants		304,478	42,946	347,424	353,'l98
Charitable activities			239,036	2,250	241,286	901,87'l
Investments			73		73	99
Total income			543,587	45,196	588,783	1,255,'l68
Expenditure on:
Raising funds			47,264		47,264	35,944
Charitable activities			466,894	10,493	477,387	1,419,680
Total expenditure			514,158	10,493	524,651	1,455,624
Net movement	in funds		29,429	34,703	64,132	(200,456)
Reconciliation	offunds:
Total funds brought forward			(458,862)	24,309	(434,553)	(234,097)
Net movement	in funds		29,429	34,703	64,132	(200,456)
Total funds carried forward			(429,433)	59,012	(370,421)	(434,553)

		Note		2020		2019f
Fixed assets
Intangible assets		12		3,951		3,060
Tangible assets		13		2,843		3,904
Investments		15		2		2
				6,796		6,966
Current assets
Debtors		15	56,031		60,592
Cash at bank and in hand			141,236		21,998
			197,267		82,590
Creditors: amounts	falling due within one
year		16	(315,705)		(278,471)
Net current liabilities				(118,438)		(195,881)
Total assets less	current liabilities			(111,642)		(188,915)
Creditors: amounts	falling due after more
than one year		17		(258,779)		(245,638)
Total net liabilities				(370,421)		(434,553)
Charityfunds
Restricted funds		18		59,012		24,309
Unrestricted funds		18		(429,433)		(458,862)
Total funds				(370,421)		(434„553)

					2020	2019
				Note
Cash flows provided by/(used in) operating			activities
Net cash provided by/(used in) operating	activities			20	114,186	(159,20'/)
Cash flows from investing activities
Interest from investments					73
Purchase of intangible assets					(3,339)
Purchase oftangible fixed assets					(1,682)	(2,352)
Net cash used in investing activities					(4,948)	(2,253)
Cash flows from financing activities
Cash inflows from new borrowing					10,000	137,000
Net cash provided by financing activities					10,000	137,000
Change in cash and cash equivalents	in	the	year		119,238	(24,454)
Cash and cash equivalents at the beginning		of	the year		21,998	46,452
Cash and cash equivalents at the end	of	the	year	21	141,236	21,998
The notes on pages 18to 34 form part ofthese			financial statements

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2020	2020 F	2020f	2019
Donations		200,247	42,946	243,193	325,247
Sponsorship		59,552		59,552	27,951
Government	grants	44,679		44,679
Total donations		304,478	42,946	347,424	353,198
Total 2019		353,198		353,198

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2020	2020	2020	20'/9
Income from	charitable	activities - Promotion
of literature	and music	to the wider public	239,036	2,250	241,286	901,871
Total 2019			876,285	25,586	90'I,871

Analysis of income from charitable activities by type	of income
	2020	20'/9
Ticket sales	24,521	596,353
Merchandising/Commission	2,500	19,657
Grant income	125,000	175,000
Income from strategic partners	45,406	77,906
Other	43,859	32,955
	241,286	901,87'l

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2020	2020	2020	20'/9
Promotion	of literature	and music to the wider
public			466,894	10,493	477,387	1,419,680
Total 2019			'/,390,935	28,745	1,4'/9, 680

			Activities
			undertaken	Support	Total	Total
			directly	costs	funds	funds
			2020	2020	2020	20'l9
Promotion	of literature	and music to the wider
public			406,676	70,711	477,387	1,419,680
Total 2019			1,320,242	99,438	1,419,680

					Total	Total
					funds	funds
					2020	2019
	Marketing/PR				10,298	7,467
	Recruitment	&training				20
	Staff expenses				571	3,058
	Insurance/professional		fees		8,571	7,323
	Premises costs				12,080	41,960
	General office costs				7,794	8,533
	IT equipment	&maintenance			11,004	11,084
	Bank charges				635	1,153
	Bad 8 doubtful debts				595	296
	Governance	costs (note 9)			12,000	13,'l 78
	Loan interest				7,163	5,366
					70,711	99,438
9.	Governance	costs
	Governance	costs include the following:
					2020	2019
					F
	Auditor's remuneration				9,250	9,250
	Auditor's remuneration		non-audit	services	2,200	2,230
	Other				550	1,698
	Total				12,000	13,178

Staff costs
				2020	20'/9
Wages and	salaries			244,082	297,276
Social security costs				15,916	23,045
Contribution	to defined	contribution	pension schemes	16,735	17,113
				276,733	337,434

		2020	2019
		No.	No.
Average	headcount	12

12.	Intangible fixed assets
		Website
		Development
	Cost
	At 1 January 2020	7,345
	Additions	3,339
	At 31 December 2020	10,684
	Amortisation
	At 1 January 2020	4,285
	Charge for the year	2,448
	At 31 December 2020	6,733
	Net book value
	At 31 December 2020	3,951
	At 31December 2019	3,060

	Fixtures and	Computer
	fittings	equipment	Total
	F
Cost or valuation
At 1 January 2020	633	6,893	7,526
Additions		1,682	1,682
Disposals		(4,542)	(4,542)
At 31 December 2020	633	4,033	4,666
Depreciation
At 1 January 2020	204	3,418	3,622
Charge for the year	127	2,616	2,743
On disposals		(4,542)	(4,542)
At 31 December 2020	331	1,492	1,823
Net book value
At 31 December 2020	302	2,541	2,843
At 31December 2019	429	3,475	3,904

			2020	20'/9
Trade debtors			3,091	3,149
Prepayments	and accrued income		52,940	57,443
			56,031	60,592
Creditors: Amounts		falling due within one year

						2020	2019
Trade creditors						3,632	41,234
Other taxation and		social security				15,597	17,6'/9
Advance	patron fees					9,388	12,900
Accruals	and deferred		income			287,088	206,718
						315,705	278,471
						2020	2019
						f.
Deferred	income at 1 January 2020					187,560	143,868
Resources deferred		during		the year		149,050	187,560
Amounts	released	from previous			periods	(50,321)	(143,868)
						286,289	187,560

			2020f	20'/9
Unsecured	bonds		240,000	230,000
Advance	patron fees		6,250	15,638
Accruals and deferred		income	12,529
			258,779	245,638

						Balance at
			Balance at 1			31
			January			December
			2020	Income	Expenditure	2020
				F
Unrestricted	funds
Unrestricted	Funds		(458,862)	543,587	(514,158)	(429,433)
Restricted	funds
B8NES Paper Nations			601		(327)	274
Young Producers			22,422	2,250	(9,666)	15,006
Share the Story			1,286			1,286
Routes Through		Music		42,946	(500)	42,446
			24,309	45,196	(10,493)	59,012
Total offunds			(434,553)	588,783	(524,651)	(370,421)

Analysis	of n	et assets between funds - current	period
			Unrestricted	Restricted	Total
			funds	funds	funds
			2020	2020f	2020
Tangible	fixed	assets	2,843		2,843
Intangible	fixed assets		3,951		3,951
Fixed asset investments			2		2
Current assets			138,255	59,012	197,267
Creditors	due	within one year	(315,705)		(315,705)
Creditors	due	in more than one year	(258,779)		(258,779)
Total			(429,433)	59,012	(370,421)

19.	Analysis of net assets between		funds (continued)
	Analysis of net assets between funds - prior period
					Unrestricted	Restricted	Total
					funds	funds	funds
					2019	2019	20'/9
	Tangible fixed assets				3,904		3,904
	Intangible fixed assets				3,060		3,060
	Fixed asset investments				2		2
	Current assets				58,281	24,309	82,590
	Creditors due within one year				(278,471)		(278,471)
	Creditors due in more than one	year			(245,638)		(245,638)
	Total				(458,862)	24,309	(434,553)
20.	Reconciliation of net movement		in funds	to net cash flow	from operating	activities
						2020	20'/9
	Net income/(expenditure) for	the	period	(as per Statement	of Financial
	Activities)					64,132	(200,456)
	Adjustments for:
	Depreciation and amortisation	charges				5,191	4,764
	Interest from investments					(73)	(99)
	Decrease in debtors					4,561	42,123
	Increase/(decrease) in creditors					40,375	(5,533)
	Net cash provided by/(used in) operating			activities		114,186	(159,20'/)
21.	Analysis ofcash and cash equivalents
						2020	2019
	Cash at bank and in hand					141,236	21,998
	Total cash and cash equivalents					141,236	21,998

			At 1		At 31
			January		December
			2020	Cash flows	2020
Cash	at bank and	in hand	21,998	119,238	141,236
Debt	due after 1 year		(230,000)	(10,000)	(240,000)
			(208,002)	109,238	(98,764)

non-cancell	able operating leases as follows:
		2020	2019
Not later than 1 year			25,483
Later than	1 year and not later than 5years		101,930
Later than	5years		70,077
			197,490

			2020	20'/9
Operating	lease	rentals	3,772	25,483