2022-12-31-accounts - The Eric Wright Charitable Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Trustees report		2 to 7
Trustees responsibilities statement
Independent	auditors report	9to 11
Introduction	tothe financial statements	12
Consolidated	statement offinancial activities	13
Consolidated	balance sheet	14
Trust balance	sheet
Consolidated	cash flow statement	16
Notes to the	consolidated cash flow statement	17
Notes to the	fmancial statements	IBto49

prior to the consolidation ofthe subsidiary companies (Henm	ead Limited and Water Park Limite	d).
	2022	2021
	5000	f000
INCOME AND ENDOWMENTS FROhI:
Donations and legacies	3,520	2,996
Investment income	143	122
	3,663	3,118
EXPENDITURE ON;
Raising funds	95	90
Charitable activities:
Financial assistance to Water Park Ltd	841	743
Grant to institutions other than Water Park Ltd	2)137	1,266
	3,073	2,107
Operating surplus	590	1,011
Net gains on investments	11,661	10,061
NET MOVEMENT IN FUNDS	14251	11,072

		for tbe Year Ea	ded 31December	2022
				2022	202)
				Total funds	Total funds
		Notes		8000	E000
INCOME AND ENDOWMENTS		FROM
Donations and legacies				I	1
Commercial trade operation				186,599	176,498
Charitable activities
Third party fee income paid	to Water Park			371	200
Other income					46
Investment income					42
Total incoming resources				187,034	176,787
RESOURCES EXPENDED
Costs ofgenerating funds
Raising funds				42
Commeicial trade operation				17M63	171,285
Charitable activities
Grants to other Charitable bodies				2,137	1,266
Costs ofoperating Water Park snd governance
actlvl'ties				~1185	985
Total resources expended				179,727	173,558
(Loss)/Gain on revaluation	ofinvestmeut
property Net (losses)/gains on investments				(4,800) ~500	4,965 327
NET INCOME				2&007	8,521
Other recognised gairu/fosses)
Re-measurement ofthe net	defined	benefit liability		985	296
Share ofcomprehensive income/(loss) ofjoint ventures			tk	4,207	(1,377)
associates
Effective portion ofchanges in fair Deferred tsx on other comprehensive		value ofcash flow hedge income		7,0$$ ~036	3,713 ~81
				10,244	2,551
Total income for the year				12,251	11,072
RECONCILIATION OF FUNDS
Total funds brought forward				92,834	81,762
TOTAL FUNDS CARRIED FORWARD				1~05085	~92 834

				At 31December 202	2
						2022	2021
						Total funds	Total funds
				Notes		5'000	FQQQ
FIXEDASSETS
Goodwill				15		1,499	1,406
Tangible assets				16		4,191	4,081
Investments
Investments				17		17,247	9,473
Invesnnent pmperty				18		~92656	~86335
						115r593	101,293
CURRENT ASSETS
Stocks				19		20,324	25,048
Debtors				20		82,446	84,040
Cash atbank						~21 692	~23 270
						124,462	132,338
CREDITORS
Amounts falling	due within one year			21		(69,196)	(63,490)
NET CURRENT		ASSETS				~55266	~68868
TOTAL ASSETSLESSCURRENT
LIABILITIES						170,859	170,163
CREDITORS
Amounts falling	due afier more than one		year	22		(57,586)	(67,236)
PROVISIONS	FOR LIABILITIES
Deferred tax liabfiity				26		(5,610)	(6,407)
Pensions and similar obligations				27		(2,482)	(3,594)
Other provisions				28		(96)	(72)
NET ASSETS						105,085	~92 834
FUNDS				29
Unrestricted funds						~105085	92,834
TOTAL FUNDS The financial statements were approved andw esi onitsbehalfby			by the	Board ofTrustees on	Q~t	1~05085 Q~3	~92 834
		Sf)(IQ

THK	ERIC WRIGHT CHARITABLE TRU	ERIC WRIGHT CHARITABLE TRU	ST
	TRUST BALANCE SHEET
		31December 2022
			2022	2021
			Total funds	Total funds
		Notes	5'000	6'000
FIXEDASSETS
Tangible assets		16	19	21
Investments
Investments		17	98+94	86,351
Investment pmpcrty		18	~250	2 250
			100r563	88,622
CURRENT ASSETS
Debtors		20	272	294
Cash at bank			~481	~4107
			4,653	4,401
CREDITORS
Amounts falling due within onc year		21	(131)	(189)
NET CURRENT ASSETS			~4522	4312
TOTAL ASSETSLESSCURRENT
LIABILITIES			105)085	92,834
CREDITORS
Amounts falling due after more than one	year	22
NKT ASSETS			1~05 085	~92 834
FUNDS		29
Unreshicted funds			1~05085	~92 834
TOTALFUNDS			1~050$5	~92 834

		for tbe Ye	ar Ended 31Decemb	er 2022
				2022	2021
			Notes	8'008	D000
Cash flows from operating	activities:
Cash generated from operations				12,843	6,334
Other comprehensive incoiue (non-cssh)				(10/44)	(2,551)
Movement in provisions Tax paid				(349) ~85	(478) ~555)
Net cash received by operating activities				I)392	2,750
Cash flows from investing	activities:
Purchase ofintangible fixed	assets			(252)	(371)
Purchase oftangible fixed assets				(447)	(227)
Purchase offixed asset investments				(4,227)	(21)
Purchase ofinvestment property				(101)	(3838)
Saleoftangible fixed assets				4,013	66
payment ofloans				2,845	407
New loans				(31406)	(1,480)
Interest received				9
Dividends received				294	41
Net cash used in investing	activities			~1272	4 823
Cash flows from llnanciag	activities:
Loan repayments in year Decrease in directors' loan				(2451) 653	(2,095) ~190
Net cash used in finessing	activities			(1,698)	(2,285)
Change in cash and sash equivalents		in the
reporting period				(1,578)	(4,358)
Cash and cash equivalents	atthe beginniag of
the reportiag period			2	~23 270	27,628
Cash and cash equivalents	at the ead	ofthe
reporting period				~21 692	2~3270

						2022	2021
						5'000	F000
	Net income forthe	reporting		period (as per the statement offinancial		12/51	11,072
	acfivities)
	Adjustments for:
	Depreciation charges					433	437
	Gain on investments					495	(320)
	Interest received					(9)
	Dividends received					(54)	(41)
	Revaluation ofinvestment		pmperties			45805	(4,972)
	Operating profit ofjoint ventures				gt associates	(3/25)	(1,550)
	Taxation					(527)	3,011
	gncreasc) in stocks					(6497)	(601)
	Decrease/(increase) Increase in creditors	in debtors				599 ~472	(3,150) ~2448
	Net cash provided	by operating			activities		~6334
2.	ANALYSIS OF CASH		AND CASH EQUIVALENTS
						2022	2021
						5'000	f,'000
	Cash &cash equivalents					~21 692	~23 270
	Total cash and cash equivaleats					~21692	23,270

-	Freehold buildings	4%on cost
-	Leasehold land and buildings	4%on cost
-	Plant, machinery and scaffolding	15%on reducing	balance
-	Fixtures and fittings	15%on reducing	balance
-	Motor vehicles	25% on reducing	balance
-	Computer equipment	33%on cost

COMMERCIA	L TRADE OPERATIONAL INCOME
		2022	2021
		8'000	F000
Group turnover		168,027	163,853
Other operating	income —rental income	5,405	6,105
Other operating	income —CJRSincome		501
Share ofprofit	in Joint Ventures	39224	1,548
Share ofprofit	in Associates	1	2
Income fiom investment Interest receivable and similar income		5,787 ~4155	~4489
		~186 99	~176498

	INCOME FROM CHARITA	BLE ACTIVITIES
			2022	2021
		Activity	8'000	F000
	Water Park fees received	Third party fee income paid to Water Park	371	200
5.	OTHER INCOME
			2022	2021
			f'000	F000
	CJRS grant income received-	Water Park		46
6.	INVESTMENT INCOME
			2022	2021
			8'000	F000
	Other fixed asset investment		54	42
	Deposit account interest		9
			63	42

Other trading activities
	2022	2021
	5'000	E000
Purchases	42	22

COMMERCIAL T	RAD	E OPERATION EXPENDITURE
			2022	2021
			5'000	E000
Cost ofsales			148@15	143,377
Administrative expenses			23,502	21,979
Interest payable and	similar expenses		3,109	2,912
Cost related to investtnent			I)958
Tax on profit on ordinary		activities	(527)	3,011
Dividend to minority	interest		6	6
			~176363	~171285

					Grant funding
				Direct costs	ofactivities	Supporl costs	Totals
					(See note 10)	(Seenote 11}
				E000	f,'000	Z000	E000
Costs ofoperating		Water	Park	1,090			1,090
Governance	costs					95	95
Grants to other Charitable			bodies		~2137		~2137
				~1090	~137	95	3322

				2022	2021
				5'000	E000
Grants to other Charitable			bodies
				~2137	~166
				2022	2021
				5'000	5'000
Grants paid to institutions			other than Water Park Limited are categorised into the
following	sectors;
Health				411	272
Mental Health				377	112
Youth				310	196
				295	200
Child and	Family Support			289	154
Elderly				270	180
Community	Voluntary	Services		125	74
Education	dc 'Anteing			50	61
Other				10	17
				2r137	1,266

Support costs, included in the above,	Support costs, included in the above,	are as follows:
Governance costs
				2022	2021
				6'000	F000
Recharge ofadministrative	resources			49	52
Auditors' remuneration				15	16
Accountancy and legal fees				30	30
Trustees and sundry expenses				I
				96	98
Audit fees across the gmup	are disclosed as:
				2022	2021
				g'000	8000
Trust auditor (Fairhurst):
Audit ofTrust and Water Park subsidiary				15	16
Henmead Limited auditor:
Audit ofHenmead Limited	financial	statements		7	6
Audit offinancial statements	ofsubsidiaries ofHenmead		Limited	160	129
Taxation advisory services				29	23
				211	174

			2022	2021
			0'000	F000
Directors'	remuneration		2,244	1,958
Benefits in kind			10	2
Company	contributions	to mosey purchase pension plans	35	31
			~2289	1991
Information	regarding	the highest paid director isas follows:
			2022	2021
			0'000	E000
Remuneration			1,276	1.114

category, was	as follows	:
			2022	2021
			No.	No.
Direct labour			371	321
Administration			432	389
			803	710
The aggregate	payroll costs ofthese persons were as follows:
			2022	2021
			f'000	f,'000
Wages and salaries			36,389	29,911
Social security Contributions	costs to defined	contributi on plans	3,654 3943	3,040 ~2925
			43.386	~35 876

INTANGIBLE ASSETS
Group	Software
	f'000
COST
At 1 January 2022	1,569
Additions	252
At 31December 2022	~1821
AMORTISATION
At I Januaty 2022	163
Amortisation charge for year	159
At 31December 2022	322
NET BOOKVALUE
At 31December 2022	~199
At 31December 2021	~1406

TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
		Freehold	Loag	Plant and
Group		property	leasehold	machinery
		0'000	8'000	8'000
COST
At 1 January 2022		3,586	515	2,430
Additions				281
Disposals				~IQQ)
At 31December 2022		~3586	515	~2611
DEPRECIATION
At 1 January 2022		337	319	2,074
Charge for year		33	22	108
Himinated on disposal
At 31December 2022		370	341	~2137
NET BOOKVALUE
At31December' 2022		~3216	174	474
At 31 December 2021		~3249	196	356
		Fixtures and	Metor
		fittings	vehicles	Totals
		F000	8'000	8'000
COST
At 1 January 2022
Additions		2,195	388	9,114
Transfers to intangible Disposals	assets	110 ~3	56 ~46	447 ~183)
At 31 December 2022		2,268	398	~9378
DEPRECIATION
At 1 January 2022		2,020	283	5,033
Charge foryear Eliminated on disposal		74 ~33)	29 ~34	266 ~112
At 31December 2022		~2061	278	~5187
NET BOOKVALUE
At 31December 2022		207	120	~4191
At 31December 2021		175	105	4081

						2022	2021
						8'000	F000
						65,674	57,072
						30&198	32,512
						174	196
						~96046	89780
Trust						Fixtures and
							fittings
							F000
COST
At 1 January 2022 and 31December 2022
DEPRECIATION
At 1 January 2022							183
Charge for year							2
At 31 December 2022							185
NET BOOKVALUE
At 31 December 2022							19
At 31 December 2021							21
FIXEDASSETINVESTMENTS
Group	Loans to	Iaterests				Cash snd
	Joint	inJoist	Investment	ia	Share	settlements
	Ventures	Ventures	associates		portfolio	pending	Total
	8'000	f'000	8&000		8&000	8&000	f'000
COST ORMARKET VALUE
At 1 January 2022	15,711	(145)	362		3,371	119	19,418
Additions			3,074		2,071	2&157	7302
Disposals					(1,853)	(2,092)	(3,945)
New loans provided	332						332
Repayment ofloans	(2,845)						(2,845)
Revaluation Share ofprofit		~2267			(500)		(500) ~268
At 31December 2022	~13 198	~2 122	~3437		3,089	184	22,030
PROVISIONS
At 1 January 2022 Movement in provision	(9,945) ~5162						(9,945) ~5162
At 31December 2022	~4783)						4783
NET BOOKVALUE
AT31DECEMBER 2022	~8415	~2122	~337		~3089	184	~17 247
At 31December 2021	5766	145	362		~3371	119	~9473

							Cash aud
					Share	Unlisted	settlements
					portfolio	investments	pending		Totals
					89000	6'000	8'000		8'000
	FAIR VALUE
	At I January 2022				3,341	82,892	118		86,351
	Additions				2,070		2,157		4,227
	Disposals Revaluations			(1,854) ~495)		12 156	(2,091)		(3,945) 11 661
	At 31December 2022				3.062	95048	184		98.294
	NET BOOKVALUE
	At 31December 2022				3062	95040	184		98294
	At 31December 2021				3341	~0002	118		86351
	There were no investment assets outside the UK.
	The Trust's investments	in unlisted	companies	at	the balance	sheet date were.
						Percentage	Country of	Nommal	value
	Company					holding	incorporation		f.
	Henmead Limited					100	England		100
	Water Park Limited					100	England		I
18.	INVESTMENT PROPERTY
							2022		2022
							86000		83000
							Group		Trust
	FAIR VALUE
	At 1 January 2022 Additions						869335 101		2250
	Transfers Net gain from fair value	adjustments					11,020 ~480
	At 31December 2022						922656		~2250
	NET BOOKVALUE
	At 31December 2022						~92 656		21250
	At 31December 2021						~86 335		~2250

			Group	Group	Trust	Trust
			2022	2021	202Z	2021
			8000	5000	f000	f000
Work	ia	progress	20324	25,048
			20&324	25,048

DEBTORS
	Group	Gmup	Trust	Trust
	2022	2021	2022	2021
	f.000	5000	8000	f000
&1mounts falling due within oneyear
Finance lease debtor receivable	2,001	1,746
Trade debtors	18,899	20,515
Amounts recoverable on long term contracts	16,833	14,909
Amounts due from subsidiaries				279
Corporation tax	176
VAT			13	15
Prepayments	5,2S9	4,421	24
Deferred tax	894	2,617
Financial Instruments	719	165
Other debtors	2,503	3,237
	47&314	47,610	272	294
Due after more than one year
Finance lease debtor receivable	33,037	35,126
Trade debtors	2,095	1,304
	$2,446	84,040	272	294

CREDIT	ORS: AMOUNTS FALLING	DUE WITHIN ONE YE	AR
		Group	Group	Trust	Trust
		2022	2021	2022	2021
		f000	f000	f000	f000
Bank loans and overdratt		29507	2,351
Payments	on account	7499	6,689
Trade creditors		23,979	21,230
Amounts	due to subsidiaries			96	72
Taxation	and social security	5,606	4,846
Other creditors		16@15	14,725
Accruals	and deferred income	7,505	8,616	35	117
Director's	loan accounts	5,685	5,033
		69,196	63,490	131	189

CREDIT	ORS: AMOUNTS FALLI	NG DUE AFTER MORE	THAN ONE YEA	R
		Group	Group	Trust	Tflist
		2022	2021	2022	2021
		f000	f000	f000	f000
Bank loans		52,050	54,557
Deferred	Income	4,708	5,337
Financial	instruments	82$	7,362
		57,586	67,256

which are measured at amortised cost.
	2022	2021
	f'000	EOOO
Loans and ovtsdraOs can be analysed as falling due:
In one year orless	2407	2,351
Between one and two years	14,610	17,107
Between two and five years In five years or more	19,611 ~17829	17,953 19,497
	~54 557	56.908
Secured creditors can be analysed as follows:
	2022	2021
	f'000	f'000
Creditors falling due in less than one year
Secured bank loans and overdraft	2507

INTERE	ST-BEARING LOANS AND BORROWINGS -c	ontinued
		2022	2021
		f,'000	B000
Creditors Secured	falling due in more than one year bank loans	~52 050	~54 557

Group		Currency	Nomiaal	iatercst	Year ef	Repayment	3023	2021
				rais	maturtty	schedule	5000	fOOO
Term loan	I	f.GBP	Sonia	+2.7%	2024	Amoriisiug	12,81st	13200
Revolving Credit Facility Debenture loans Term loan 2		fGBP fGBP fGBP	Sonis Sonic Souia	+2a4 + 2% + lad	2025 2024	Revolving Credit Facility Subordinated debt Amortising	15,000 67 1423	15,000 67 1,979
Term loan Term loan	3 4	f,GBP fGBP	Sonia Bonis	+0.97%a + 2.1%	2030 2037	Amortising Amortisins	4,450 20,917	4,907 21,755
							54457	56,908

										Group	Gmup	Trust	Trust
										2022	202]	2022	2021
										f000	6000	8000	6000
Liabilities
Amounts		falling due after				more	than one year
Other	financial		liabilities		designated			as fair value
through		other	comprehensive			income				828	7462
										828	7@62
										Group	Group	Tet!st	Trust
										2022	2021	2022	2021
Assets										6000	6000	6000	$000
Amounts		recoverable after				more	than one year
Other	fmaucial		assets designated				as	fair value	through
other comprehensive				income						719	165
										719	165

			Notional			Fair value	Fair value
			amount	Maturity	Fixed rate	2022	2021
			6'000	year	'/o	8'000	i'000
Liabilities measured at amortised cost
Interest rate swap	1		1,329	2024	5.865	(26)	(168)
Interest rate swap	2		4,406	2030	5.400	(204)	(979)
Interest rate swap	3		20,918	2037	4.400	(598)	(6,215)
						~82$	~7362)
						Fair value asset
			Notional		Fixed
			amount	Maturity	Rate	2022	2021
			XOOO	Year	~/s	fOOD	f000
Assets measured	at amortised	cost
Interest rate swap	4		9,000	2024	0.545	719	165

	ar	e expected	to occur as	required	by FRS 10	2.29(a)for	the cash f	low hedge	accounting	models	:
					1022						3021
		Carrying	Expected cash	l year	l io	2 to	5years ond	Cerryioa	nxpecexl cesh	i year	1 to	2lo	Syeers and
		Amount f600	Rows face	or less f)NO	&2yeors face	csyeors 6ass	over fsss	enlolnlt BOO	Rows face	orhss face	&2years fcco	&Syears fOOO	over fOOO
lntereslrste	swaps:
Liabilities			lsdNS	1,175	1637	4,O70	6825	37,605	15,714	1,901	1,775	4,453	1,579
		35,6S3	133N7	t)77S	tdt37	4,070	6425	37,605	15,714	1,907	t,775	4,453	7579

DEFERRED TA	XASSETSAND LIABILITI	XASSETSAND LIABILITI	ES
Deferred tax assets	and liabilities are attributable		to the following:
			Group	Group	Tlslet	Trust
Held inprovisions	for liahitincs and c/largos		2022	2021	2022	2021
			8000	f000	f000	f000
At 1 January			6,407	3,786
profit and loss account (credit)/charge			(1,182)	2,482
Amount recognised	in other comprehensive	income	385	139
At 31December			5&610	6,407

					Group	Group	Trust	Trust
Jfcld in debtors					2022	2021	2022	2021
					f000	fooo	f000	f000
At 1 January					(2,617)	(2,577)
Profit and loss accounts charge					72	18
Amount recognised	in other comprehensive			income	1,651	(511)
At 31December					(894)	(2,617)
					Group	Gmup	Tllist	Tlllst
Deferred tax liability					2022	2021	2022	2021
					5000	f000	5000	f000
Accelerated capital	allowances				3,517	3,489
Other timing difFerences					39	105
Short turn timmg difference		financial	insuuments		86	(299)
Other short term timing differences					1,968	3,112
					5,610	6,407
Deferred fax asset					2022	2021	2022	2021
					f000	f000	5000	f000
Accelerated capital	allowances				28	35
Other timing differences					96	129
Short term timing differences		relating	to passion
provision					620	899
Shortterm timing differences		-financial
instrumeats					150	1,554
					894	2,617

		2022	2021
ense reco nised in the	SOFA	8'000	E'000
Net interest on net defined	benefit liability	162,	82
Total expense recognised	in the SOI'A	162	82

		2022	2021
			~/e
Discount	rate	4.50

		2022	2021	2020	2019	2018
		f000	f000	XOOQ	%000	OOOO
Present value ofscheme	liabilities	(2,482)	(3,594)	(4,104)	(3,993)	(3,902)
Experience adjustments	on scheme
liabilities		(985)	(296)	(367)	(319)	(97)

The assu	mptions are e	quivalent to expending a 75year ol	d to live for anumber ofyears as follows:
			2022	2021
			Years	Years
Female			14	14
Male			12	12
Defined	contribution	plans

				Net movement	Transfer
			At 1/1/22	in funds	between funds	At 31/12/22
			FQQQ	FQQQ	FQQQ	FQQQ
Unrestricted		funds
General fund			90,556	12,251	11	102,818
Designated	fund		2,267			2,267
Designated	(Stoves)		2		(2)
Wright Lodge		fit out costs	9		(9)
			92,834	12,251	-	105,085
TOTAL FUNDS			~92 834	~12 251		105085

			Incoming	Resources	Gains and	Movement in
			resources	expended	losses	funds
			FQQQ	FQQQ	e000	f.'000
Unrestricted	funds
General fund			187,034	(179,727)	4,944	12,251
Wright Lodge	fit out costs
			~187034	~179727)	~4944	12251
TOTAL FUNDS			~187034	~179,727)	~4944	12451
Comparatives	for movement	in funds
					Net movement
				At 1/1/21	in funds	At 31/12/21
				F000	gUQQ	f,'000
Unrestricted	Funds
General fund				79,481	11,075	90,556
Designated fund				2,267		2,267
Designated (Stoves) Wright Lodge fit out costs				2 12	~3)	2 9
				81,762	11,072	92,834
TOTALFUNDS				81,762	1~1072	9~2834

		Incoming	Resources	Gains and	Movement in
		resources	expended	losses	funds
		E000	E000	E000	E000
Unrestricted	funds
General fund Wright Lodge	fit out costs	176&787	(173,555) ~3	7,843	11,075~)
		176,787	(173,558)	7,843	11,072
TOTALFUNDS		~176787	173558	~7843	1~1072

Nonwanceilable operating lease rentals	are payable as follows:
	Group	Group	Trust	Tnisi
	2022	2021	2022	2021
	8000	8000	8000	f000
Less than one year	1,552	1,283
Between one and five years	2,907	2,630
Moiu than five years	19390	19,595
	23,849	23,508

Leases as lesso	Leases as lesso	r
The investment		properties	held by Henmead	Limited	are let under	operating leases. 1be future ininimum	lease
payments	receivable under		non-cancegable	leases are	as follows:
					Group	Gmup
					2022	2021
					8000	6000
Less than	oae year				4,927	5,571
Between one sod		tive years			14,466	15,022
More than	five years				55 &t78	54,025
					75Q71	74,618

receiva	ble a	t the	end of	the reporting p	eriod are as fol	lows:
				Miaimma			Minimum
				lease			lease
				receivable	Interest	pttuctpst	mceivsblc	Interest	Principal
				2022	2022	2022	2021	2021	2021
				0000	Oilul	8000	f000	5000	f000
Within	one year				2,745	2&001	4,630	2,884	1,746
Greater	than	one	year
aud less than		two years		43t61	2,572		4,769	2,737	2,032
Greater	than	two	years
and less than		five years		14rt67	6,474	7,993	14,909	7,080	7,829
Greater	than	five years		31&880	9,225	22,655	36,385	11,120	25,265
				56,054	21,016	35,038	60,693	23,821

The following isthe ident	ity	ofrelate	d parties oft	he Group.
Company/entity				Periiou efordinary	shares held
Subsi tyary undertakings
Heomead Limitedv					100%
Eric Wright Gmup Limited					100%
Eric Wright Cousnuction	Limited				100%
Eric Wright Partnerships	Limited				100%
Eric Wright Civil Engineering		Limited			100%
Maple Grove Developments		Limited			100s/o
Eric Wright Investments	Limited				100%	Dormant
Maple Grove investments	Limited				Ip(P/o
Stonccmss Enterprises Limited					100%
Elltecb Linuted					95%
Sceptre Nursery Limited					10(P/o
Eric Wright Commercial	Limited				100/o
Skemtech Limited					95%
Ftectwood PPP Limited					100%
Cohen 494Limited					100%
Cobco 450Limited					100%
Eric Wright FM Limited					10Q%
Eric Wright Homes Limited					100%
Maple Grove Residential	Limited				100%
Applethwaite Liinited					100%
Eric Wright Developments					100%	Dormant
Eric Wright Water Limited					100%
EWGN Blackpool PSPLimited					80%	Dormant
Blackpool LEP Limited					64%
Highfield PFIHoldco Limited					72%	Dormant
Highfield PFISPVLimited					72%
Samlesbuxy Developments	Limited				]PP%	Dormant
Wrightcare Holdings Limited					100%
Wrightcare Developments	Limited				100%
Joint ventures
Foundation forLife Limited					6Q%
Leigh Holdco Limited					6Q'/	Dormant
Leigh Fundco Limited					60%
Pacific Shelf 888 Limited					60%
Pemberton Care Limited					60%
Pinco 2033Limited					6P%
Pinco 2206 Limited					60%
Pimco 2401 Limited					60%
FFLCapital Projects Limited					60%	Dormant
East Lancashire Building	Partnership		Limited		60%
Blackbum Holden Limited					6Q%	Dormant
Blackbum Fundco Limited					60%
Rossendale LIFTLimited					6P%
Pinco 2223 Limited					6Q/
Pimco 2297Limited					60%
lnhoco 2952Limited					6Q%
Pimco 2451 Limited					6Q%
East Lancashire Capital Projects Limited					60%
Brahm LIFTLimited					60%

Company/entity			shares held
Subsidiary uutferrugfngs
Brahm Intermediate Holdco	1 Limited		6P%	Doun ant
Brahm Fundco 1 Limited			60'/
Brahm Intermediate Holdco	2Limited		60%	Dormant
Brahm Fundco 2Limited			60%
Bolton Holdco 1 Limited			60s/s	Dormant
Bolton Fundco 1 Limited			60%
Brahm Capital Projects Limited			6Q%	Dormant
Booths Parinership Limited			50%
Regional and Local Education Partnership		Limited	26%	Dormant
Tri link 140Holdings 1LLP			50%
Tri Link 140Holdings 2LLP			50%
Winsford Holdings 1LLP			50%
Winsford Holdings 2 LLP			50%
Holbeck Homes (Cartmel) Limited			50%
Glenholme Wrightcare Limited			50%
Glenholme Senior Living (Bispham Gardens)
Limited			50%
Associates
Deeside Regeneration Limited			24.9%

	transocti
					Henmead			Goods and	services		Balance eutstanding
				sharebolding				supplied			at	the end ofthe year
								2022 f000's		2021 5000's	2022 8000's		2021 $000's
During	the year subsidiaries	ofHemnead		Limited		supplied		construction	services to the following				companies	in
which	the Group has an interest. These		services		were		provided by Eric Wright			Construction		Limited.
Blackpool Local Education		Partnership	Limited				64%	2,908		1,090			149
During	the year subsidiaries	of Henmead		Limited			supplied	hard FM	services to the following companies					in
which	Eric Wright Group Lhuited has		an interest. These services were provided by Eric Wright FM										Limited.
Blackpool Local Education		Partnership	Limited				64%
Blackbum Fundco Limited							6Q%	448		422
Bolton	Fundco 1 Limited						60%	378		340
Brahm	Fundco 1 Limited						6P%	745		667
Brabm	Fundco 2Limited						60%	585		528		86
Highfield PFISPYLimited							72%	736		512
lnhoco	2952Limited						6Q'/	920		911
Leigh	Fundco Limited						60%	291		273
Pacigc	Shelf 888Limited						6Q%	38		36		40		15
Pemberton Care Limited							60%	118		111			22
Pimco	2297Limited						60%	73		80
Pimco	2401 Limited						60%	157		148
					Page		I 48

Related nsactions
						Henmead	Goods and services			Balance outstanding
						shareholding	supplied			at the end ofthe year
							2022	2021		2022	2021
							8000's	6000's		8000's	$000's
Pimco 2451 Limited						60%	684	479
Pinco 2033Limited						6P%	515	483
Pinco 2206 Limited						60%	308	289
Pinco 2223 Limited						60/	625	634
Rossendale Lift Limited						60%	438	411		10
During the year subsidiaries	ofHenmead				Limited provided		management	services to the following			companies	in
which Eric Wright Group	Limited			has	an interest. These		services were	pmvided	by Eric Wright		Partnerships
Limited.
Blackbum Fundco Limited						60%	22	20
Blackpool Local Education	Partn		ership
Limited						64%
Bolton Fundco 1Limited						60'/	126	118
Brabm Fundco I Limited						60%	263	195
Brahm Fundco 2 Limited						6Q%	172	162
Brahm Lift Limited						60%	174	111
Inhoco 2952Limited						6Q/	309	290
Leigh Fundco Limited						60%	53	50
Pacific Shelf Limited						60%	10	9
Pemberton Care Limited						60%	33	31
Pimco 2297Limited						60%	11	10
Pimco 2401 Limited						60%o	77	72
Pimco 2451 Limited						60%o	91	85
Pinco 2033Limited						60%	238	224
Pinco 2206 Limited						60%	122	115
Pinco 2223 Limited						60%	91	86
Rossendale Lift Limited						6P%	30	28
East Lancashire Building Partn		ership		Limited		60%o	74	77
Foundation for Life Limited						6P%	46	90
Glenbome Wrightcare Ltd						50%		16