for the Period Ended 31 March 2021
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 March 2021
Principal activities of the company
Additional information
Small company provisionsThis report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Directors
The directors shown below have held office during the whole of the period from
1 April 2020 to 31 March 2021
The directors shown below have held office during the period of
1 April 2020 to 8 May 2020
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2021 | 2020 | |
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| £ | £ |
Turnover: | | |
Gross profit(or loss): | | |
Administrative expenses: | ( | ( |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | | |
As at
Notes | 2021 | 2020 | |
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| £ | £ | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Creditors: amounts falling due within one year: | 3 | ( | ( |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2021
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
Other accounting policies
for the Period Ended 31 March 2021
2021 | 2020 | |
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Average number of employees during the period | | |
for the Period Ended 31 March 2021
2021 | 2020 | |
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£ | £ | |
Taxation and social security | | |
Other creditors | | |
Total | | |
This was the second year of operation. We continued to develop Fairfield House Bath CIC as a credible and viable legal entity suited to take responsibility for HIM Haile Selassie I’s legacy to Bath, and specifically the building Fairfield House which continues to suffer from neglect. That means working towards sharing responsibility for Fairfield House with B&NES Council, and the long-term plan is to do that via Community Asset Transfer (CAT).We appointed new directors: company director and historian Ras Benjamin Pettit, entrepreneur Blaine Dowdle, and HIH Princess Esther Sellassie Antohin, founder of Heritage Watch Ethiopia and great-granddaughter of the donor.After a competitive process we appointed Stone King as commercial solicitors to deal with a CAT on a fixed fee.Over 2020-2021 we developed and started to deliver core aspects of our business plan- Universities: we renewed the paid partnership with Bath Spa University, now managed with the support of a professional project manager, and reached out to other possible partners- Room rentals: we started a programme of works to refurbish and improve specific rooms to enable them to be let to provide an income stream.Volunteers also cleaned and restored the cast-iron staircase, undertookextensive garden works and created a sacred garden on the site of the family chapel.- Guided tours: we researched public openings and continued to seek B&NES’ permission on licensing.We noted with sadness and concern sectarian unrest in Ethiopia and its effects on our communities. During Black History Month 2020 we developed and undertook a vigorous new programme of schools outreach, offering assemblies and talks. With the help of B&NES Council this offer reached all local schools, and we delivered assemblies and presentations to 30 schools. Most of whom had no knowledge of the local history of HIM and hisgift of Fairfield House. These were extremely well received.We submitted a successful bid to research and plan Fairfield’s journey to energy sustainability.We collaborated with the local National Trust working on a "Colonial Dryham" project, part of its decolonisation programme.Despite the pandemic and lockdown we continue to develop our outreach programme and we welcome both local and national spokespeople and influencers to Fairfield House.
Fairfield House continues to engage with its key various stakeholders, the groups who determine the life of the house. These are1. Elders of Bath, who are looked after by BEMSCA with day care at Fairfield House 2. Ethiopians and others of African descent who celebrate festivals and anniversaries at Fairfield House3. Rastafari who attend Fairfield House regularly for pilgrimage and worship including the monthly Nyabinghi Sabbat4. Local people of Bath who attend Fairfield House out of interest and for cultural and heritage open daysWe encourage and welcome the views of all interested parties. The level of engagement continues to be high. The problem persists that Fairfield House itself (nor licensed occupant the charity BEMSCA, nor the CIC) is resourced to deal with visitors. We continued to manage this as best we can and recognise the need to meet demand for visits on a properly lawful compliant and insured basis without fundamentally disturbing the life of the house. This presents obstacles, but we recognise meetingthis need will be a core part of the viability of a community asset transfer process.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
22 December 2021
And signed on behalf of the board by:
Name: William Heath
Status: Director