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## 

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





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|prior to the consolidation ofthe subsidiary<br>companies<br>(Henm|ead<br>Limited and Water Park Limite|d).|
|---|---|---|
||2022|2021|
||5000|f000|
|INCOME AND ENDOWMENTS FROhI:|||
|Donations<br>and legacies|3,520|2,996|
|Investment<br>income|143|122|
||3,663|3,118|
|EXPENDITURE ON;|||
|Raising funds|95|90|
|Charitable<br>activities:|||
|Financial assistance to Water Park Ltd|841|743|
|Grant to institutions<br>other than Water Park Ltd|2)137|1,266|
||3,073|2,107|
|Operating<br>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<br>and legacies||||I|1|
|Commercial<br>trade operation||||186,599|176,498|
|Charitable<br>activities||||||
|Third party fee income paid|to Water Park|||371|200|
|Other income|||||46|
|Investment<br>income|||||42|
|Total incoming resources||||187,034|176,787|
|RESOURCES EXPENDED||||||
|Costs ofgenerating<br>funds||||||
|Raising funds||||42||
|Commeicial<br>trade operation||||17M63|171,285|
|Charitable<br>activities||||||
|Grants to other Charitable<br>bodies||||2,137|1,266|
|Costs ofoperating<br>Water Park snd governance||||||
|actlvl'ties||||~1185|985|
|Total resources expended||||179,727|173,558|
|(Loss)/Gain<br>on revaluation|ofinvestmeut|||||
|property<br>Net (losses)/gains<br>on investments||||(4,800)<br>~500|4,965<br>327|
|NET INCOME||||2&007|8,521|
|Other recognised<br>gairu/fosses)||||||
|Re-measurement<br>ofthe net|defined|benefit liability||985|296|
|Share ofcomprehensive<br>income/(loss) ofjoint ventures|||tk|4,207|(1,377)|
|associates||||||
|Effective portion ofchanges<br>in fair <br>Deferred tsx on other comprehensive||value ofcash flow hedge<br>income||7,0$$ ~036|3,713<br>~81|
|||||10,244|2,551|
|Total income for the year||||12,251|11,072|
|RECONCILIATION<br>OF FUNDS||||||
|Total funds brought<br>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<br>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<br>falling|due within one year||||21||(69,196)|(63,490)|
|NET CURRENT||ASSETS|||||~55266|~68868|
|TOTAL ASSETSLESSCURRENT|||||||||
|LIABILITIES|||||||170,859|170,163|
|CREDITORS|||||||||
|Amounts<br>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<br>funds|||||||~105085|92,834|
|TOTAL FUNDS<br>The financial<br>statements<br>were approved<br>andw<br>esi<br>onitsbehalfby||||by the|Board ofTrustees on|Q~t|1~05085<br>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<br>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<br>falling due within onc year||21|(131)|(189)|
|NET CURRENT ASSETS|||~4522|4312|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||105)085|92,834|
|CREDITORS|||||
|Amounts<br>falling due after more than one|year|22|||
|NKT ASSETS|||1~05 085|~92 834|
|FUNDS||29|||
|Unreshicted<br>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<br>from operations||||12,843|6,334|
|Other comprehensive<br>incoiue (non-cssh)||||(10/44)|(2,551)|
|Movement<br>in provisions<br>Tax paid||||(349)<br>~85|(478)<br>~555)|
|Net cash received by operating<br>activities||||I)392|2,750|
|Cash flows from investing|activities:|||||
|Purchase ofintangible<br>fixed|assets|||(252)|(371)|
|Purchase oftangible fixed assets||||(447)|(227)|
|Purchase offixed asset investments||||(4,227)|(21)|
|Purchase ofinvestment<br>property||||(101)|(3838)|
|Saleoftangible fixed assets||||4,013|66|
|payment ofloans||||2,845|407|
|New loans||||(31406)|(1,480)|
|Interest received||||9||
|Dividends<br>received||||294|41|
|Net cash used in investing|activities|||~1272|4 823|
|Cash flows from llnanciag|activities:|||||
|Loan repayments<br>in year<br>Decrease in directors'<br>loan||||(2451)<br>653|(2,095)<br>~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<br>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<br>for:|||||||
||Depreciation<br>charges|||||433|437|
||Gain on investments|||||495|(320)|
||Interest received|||||(9)||
||Dividends<br>received|||||(54)|(41)|
||Revaluation ofinvestment||pmperties|||45805|(4,972)|
||Operating<br>profit ofjoint ventures||||gt associates|(3/25)|(1,550)|
||Taxation|||||(527)|3,011|
||gncreasc) in stocks|||||(6497)|(601)|
||Decrease/(increase)<br>Increase in creditors|in debtors||||599<br>~472|(3,150)<br>~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|





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## 

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





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## 

|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<br>Interest receivable and similar income||5,787<br>~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<br>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<br>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<br>in the above,|Support costs, included<br>in the above,|are as follows:||||
|---|---|---|---|---|---|
|Governance<br>costs||||||
|||||2022|2021|
|||||6'000|F000|
|Recharge ofadministrative|resources|||49|52|
|Auditors'<br>remuneration||||15|16|
|Accountancy<br>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<br>Limited auditor:||||||
|Audit ofHenmead<br>Limited|financial|statements||7|6|
|Audit offinancial<br>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 <br>Contributions|costs<br>to defined|contributi on plans|3,654<br>3943|3,040<br>~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<br>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<br>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<br>to intangible<br>Disposals|assets|110<br>~3|56<br>~46|447<br>~183)|
|At 31 December 2022||2,268|398|~9378|
|DEPRECIATION|||||
|At 1 January 2022||2,020|283|5,033|
|Charge foryear<br>Eliminated<br>on disposal||74<br>~33)|29<br>~34|266<br>~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<br>Share ofprofit||~2267|||(500)||(500)<br>~268|
|At 31December 2022|~13 198|~2 122|~3437||3,089|184|22,030|
|PROVISIONS||||||||
|At 1 January 2022<br>Movement<br>in provision|(9,945)<br>~5162||||||(9,945)<br>~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<br>Revaluations|||(1,854)<br>~495)||12 156|(2,091)||(3,945)<br>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<br>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<br>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<br>Additions||||||869335<br>101||2250|
||Transfers<br>Net gain from fair value|adjustments|||||11,020<br>~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<br>recoverable on long term contracts|16,833|14,909|||
|Amounts<br>due from subsidiaries||||279|
|Corporation<br>tax|176||||
|VAT|||13|15|
|Prepayments|5,2S9|4,421|24||
|Deferred tax|894|2,617|||
|Financial<br>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<br>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<br>In five years or more|19,611<br>~17829|17,953<br>19,497|
||~54 557|56.908|
|Secured creditors can be analysed as follows:|||
||2022|2021|
||f'000|f'000|
|Creditors<br>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<br>Secured|falling due in more than one year<br> 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<br>Credit Facility<br>Debenture<br>loans<br>Term loan 2||fGBP<br>fGBP<br>fGBP|Sonis<br>Sonic<br>Souia|+2a4<br>+ 2%<br>+ lad|2025<br>2024|Revolving<br>Credit<br>Facility<br>Subordinated<br>debt<br>Amortising|||15,000<br>67<br>1423|15,000<br>67<br>1,979|
|Term loan <br>Term loan|3<br> 4|f,GBP<br>fGBP|Sonia <br>Bonis|+0.97%a<br> + 2.1%|2030<br>2037|Amortising<br>Amortisins|||4,450<br>20,917|4,907<br>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<br>cash|l year|l io|2 to|5years<br>ond|Cerryioa|nxpecexl<br>cesh|i year|1 to|2lo|Syeers<br>and|
|||Amount<br>f600|Rows<br>face|or less<br>f)NO|&2yeors<br>face|csyeors<br>6ass|over<br>fsss|enlolnlt<br>BOO|Rows<br>face|orhss<br>face|&2years<br>fcco|&Syears<br>fOOO|over<br>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<br>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<br>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<br>are e|quivalent<br>to expending<br>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<br>in|
|---|---|---|---|---|---|---|
||||resources|expended|losses|funds|
||||FQQQ|FQQQ|e000|f.'000|
|Unrestricted|funds||||||
|General<br>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<br>fund||||2,267||2,267|
|Designated (Stoves)<br>Wright Lodge fit out costs||||2<br>12|~3)|2<br>9|
|||||81,762|11,072|92,834|
|TOTALFUNDS||||81,762|1~1072|9~2834|





## 

## 

## 

## 

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



## 

|Nonwanceilable<br>operating<br>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<br>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<br>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<br>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<br>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<br>Developments|Limited||||]PP%|Dormant|
|Wrightcare<br>Holdings Limited|||||100%||
|Wrightcare<br>Developments|Limited||||100%||
|Joint ventures|||||||
|Foundation<br>forLife Limited|||||6Q%||
|Leigh Holdco Limited|||||6Q'/|Dormant|
|Leigh Fundco Limited|||||60%||
|Pacific Shelf 888 Limited|||||60%||
|Pemberton<br>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<br>Capital Projects Limited|||||60%||
|Brahm LIFTLimited|||||60%||





## 

## 

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



## 

||transocti||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Henmead|||Goods and|services||Balance eutstanding||||
|||||sharebolding||||supplied|||at|the end ofthe year|||
|||||||||2022<br>f000's||2021<br>5000's|2022<br>8000's||2021<br>$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<br>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<br>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<br>Care Limited|||||||60%|118||111|||22||
|Pimco|2297Limited||||||60%|73||80|||||
|Pimco|2401 Limited||||||60%|157||148|||||
||||||Page||I 48||||||||





## 

## 

## 

## 

|Related<br>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<br>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<br>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<br>Building Partn||ership||Limited||60%o|74|77|||||
|Foundation<br>for Life Limited||||||6P%|46|90|||||
|Glenbome<br>Wrightcare Ltd||||||50%||16|||||



##