| Trustees | Nigel Jefferies | |||
|---|---|---|---|---|
| Anthony Sellwood |
||||
| KVWelch | ||||
| Eamonn McGurk |
||||
| Philip Marshall | ||||
| Ralph Barber | ||||
| Edward Helps |
||||
| Deborah Barber |
||||
| Secretary | P Marshall | |||
| Charity number | 1010721 | |||
| Company | number | 02704407 | ||
| Registered | office | Beaumont House |
||
| 172 Southgate | Street | |||
| Gloucester | ||||
| GL1 2EZ | ||||
| Independent | examiner | Griffiths Marshall |
||
| Beaumont House |
||||
| 172 Southgate | Street | |||
| Gloucester | ||||
| GL1 2EZ |
| Page | |||
|---|---|---|---|
| Trustees' report |
1-5 | ||
| Independent examiner's |
report | ||
| Statement offinancial |
activities | ||
| Balance sheet | 8-9 | ||
| Statement ofcash flows |
10 | ||
| Notes to the financial | statements | 11-22 |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | |||||
| Notes | F | |||||||
| Income from: | ||||||||
| Donations and |
legacies | 30,063 | 21,411 | 51,474 | 84,819 | |||
| Other trading activities |
55,286 | 55,286 | 38,449 | |||||
| Investments | 45,376 | 45,376 | 12,665 | |||||
| Total income | 130,725 | 21,411 | 152,136 | 135,933 | ||||
| Ex enditure on: | ||||||||
| Raising funds | 12,199 | 12,199 | 10,666 | |||||
| Charitable activities |
56,278 | 8,667 | 64,945 | 50,770 | ||||
| Total resources expended | 68,477 | 8,667 | 77,144 | 61,436 | ||||
| Net incoming | resources | before transfers | 62,248 | 12,744 | 74,992 | 74,497 | ||
| Gross transfers | between | funds | (788) | 788 | ||||
| Net income for the year/ | ||||||||
| Net movement | in funds | 61,460 | 13,532 | 74,992 | 74,497 | |||
| Fund balances | at 1 March 2020 | 736,585 | 36,830 | 773,415 | 698,918 | |||
| Fund balances | at 28 February | 2021 | 798,045 | 50,362 | 848,407 | 773,415 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | F | ||||||||
| Fixed assets | |||||||||
| Tangible assets | 499,363 | 497,896 | |||||||
| Current assets | |||||||||
| Stocks | 12 | 522 | 595 | ||||||
| Debtors | 13 | 568,496 | 513,537 | ||||||
| Cash at bank and | in | hand | 47,086 | 40,882 | |||||
| 616,104 | 555,014 | ||||||||
| Creditors: | amounts | falling due within | |||||||
| one year | 15 | (120,489) | (93,043) | ||||||
| Net current | assets | 495,615 | 461,971 | ||||||
| Total assets less | current | liabilities | 994,978 | 959,867 | |||||
| Creditors: | amounts | falling due after | |||||||
| more than | one year | 16 | (146,571) | (186,452) | |||||
| Net assets | 848,407 | 773,415 | |||||||
| Income funds | |||||||||
| Restricted | funds | 17 | 50,362 | 36,830 | |||||
| Unrestricted | funds | 798,045 | 736,585 | ||||||
| 848,407 | 773,415 |
| 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | F | F | |||||||
| Cash flows from operating | activities | ||||||||
| Cash absorbed by operations |
21 | (28,891) | (110,009) | ||||||
| Investing | activities | ||||||||
| Purchase | oftangible fixed |
assets | (5,400) | (560) | |||||
| Investment | income received | 45,376 | 12,665 | ||||||
| Net cash generated from |
investing | ||||||||
| activities | 39,976 | 12,105 | |||||||
| Financing | activities | ||||||||
| Proceeds | of new bank loans | 65,000 | |||||||
| Repayment | ofbank loans | (4,881) | (14,417) | ||||||
| Net cash | (used in)/generated | from | |||||||
| financing | activities | (4,881) | 50,583 | ||||||
| Net increase/(decrease) | in | cash and | cash | ||||||
| equivalents | 6,204 | (47,321) | |||||||
| Cash and | cash equivalents | at beginning | ofyear | 40,882 | 88,203 | ||||
| Cash and | cash equivalents | at end of | year | 47,086 | 40,882 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2021 | 2020 | ||
| Membership Subscriptions |
7,663 | 7,663 | 8,445 | ||
| Donations - Cash at Events | 100 | 100 | 337 | ||
| Donations - General | 4,470 | 4,470 | 20,322 | ||
| Tax on Gift Aid Reclaimed | 1,830 | 1,830 | 3,286 | ||
| Oxenhall Covenants |
791 | 791 | 733 | ||
| Dymock Covenants | 1,708 | 1,708 | 1,407 | ||
| Over Covenants | 5,545 | 5,545 | 5,426 | ||
| Hereford Covenants | 5,956 | 5,956 | 7,257 | ||
| Donations - Land Fund | 2,411 | 2,411 | 12,606 | ||
| Radcliffe Trust | 5,000 | 5,000 | |||
| Legacies | 16,000 | 16,000 | 25,000 | ||
| For the year ended 28 February | 2021 | 30,063 | 21,411 | 51,474 | 84,819 |
| For the year ended 29 February | 2020 | 69,073 | 15,746 |
| Other trading activities |
||
|---|---|---|
| 2021 | 2020 | |
| F | ||
| Social events 8 donations | 244 | 578 |
| Rental income (Llanthony) | 27,195 | 15,700 |
| Rental income (Dymock) | 4,250 | 3,150 |
| Rental income (Hereford) | 11,167 | 9,500 |
| Rental income (Newent site) | 4,225 | 2,450 |
| Boat rental | 171 | 191 |
| Advertisement signs |
1,809 | 1,872 |
| Advertising -Wharfinger |
2,502 | 2,277 |
| Sales | 2,453 | 1,297 |
| Draws | 1,270 | 1,434 |
| 55,286 | 38,449 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| F | F | ||||
| Interest receivable | from The Wharf House Co Ltd | 45,376 | 12,665 | ||
| 6 | Raising funds | ||||
| 2021 | 2020 | ||||
| Fundraisin | and | ublici | |||
| Wharfinger | and leaflets | 7,331 | 7,403 | ||
| Stocks for | events | 73 | 1,041 | ||
| Support costs (note 8) | 4,795 | 2,222 | |||
| Fundraising | and publicity | 12,199 | 10,666 | ||
| 12,199 | 10,666 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| F | F | ||||
| Site costs | 27,596 | 18,629 | |||
| Property | Maintenance | costs | 3,542 | 8,498 | |
| Health, Safety &Welfare | 1,870 | 2,839 | |||
| RBS Loan | Interest | 10,562 | 9,991 | ||
| 43,570 | 39,957 | ||||
| Share of | support costs (see note 8) | 19,182 | 8,889 | ||
| Share of | governance | costs (see note 8) | 2,193 | 1,924 | |
| 64,945 | 50,770 | ||||
| Analysis | by fund | ||||
| Unrestricted funds |
56,278 | 50,770 | |||
| Restricted | funds | 8,667 | |||
| 64,945 | 50,770 |
| Support costs | |||||
|---|---|---|---|---|---|
| Support | Governance | 2021 | 2020 | Basis ofallocation | |
| costs | costs | ||||
| Depreciation | 3,933 | 3,933 | 2,806 | 20/80% Fund/CA | |
| Insurance | 5,141 | 5,141 | 3,765 | 20/80% Fund/CA | |
| Administration | 3,128 | 3,128 | 211 | 20/80% Fund/CA | |
| Repairs 8 Maintenance | 4,895 | 4,895 | 1,651 | 20/80% Fund/CA | |
| Travelling | 37 | 20/80% Fund/CA | |||
| Legal 8 Professional | 6,488 | 6,488 | 1,980 | 20/80% Fund/CA | |
| Light 8 Heat | 392 | 392 | 9 | 20/80% Fund/CA | |
| Rates | 652 | 20/80% Fund/CA | |||
| Independent Examiner's |
Governance | ||||
| fees | 1,905 | 1,905 | 1,701 | ||
| Trustees Indemnity |
Usage | ||||
| Insurance | 288 | 288 | 223 | ||
| 23,977 | 2,193 | 26,170 | 13,035 | ||
| Analysed between |
|||||
| Fundraising | 4,795 | 4,795 | 2,222 | ||
| Charitable activities |
19,182 | 2,193 | 21,375 | 10,813 | |
| 23,977 | 2,193 | 26,170 | 13,035 |
| 11 | Tangible fixed assets | |||||
|---|---|---|---|---|---|---|
| Land and | Plant and | Fixtures, | Total | |||
| buildings | machinery | fittings & | ||||
| equipment | ||||||
| Cost | ||||||
| At 1 March 2020 | 492,296 | 55,514 | 7,456 | 555,266 | ||
| Additions | 5,400 | 5,400 | ||||
| At 28 February 2021 | 492,296 | 60,914 | 7,456 | 560,666 | ||
| Depreciation and impairment |
||||||
| At 1 March 2020 | 50,264 | 7,106 | 57,370 | |||
| Depreciation charged |
in the year | 3,829 | 104 | 3,933 | ||
| At 28 February 2021 | 54,093 | 7,210 | 61,303 | |||
| Carrying amount |
||||||
| At 28 February 2021 | 492,296 | 6,821 | 246 | 499,363 | ||
| At 29 February 2020 | 492,296 | 2,242 | 350 | 497,896 |
| 2021 | 2020 |
|---|---|
| 522 | 595 |
| 13 | Debtors | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Amounts falling due within |
one year: | F | F | ||
| Trade debtors | 12,271 | ||||
| Other debtors | 3,286 | ||||
| Prepayments | and accrued income | 4,373 | 2,607 | ||
| 4,373 | 18,164 | ||||
| 2021 | 2020 | ||||
| Amounts falling due after |
more than one year: | F | |||
| Amounts owed by subsidiary |
undertakings | 564,123 | 495,373 | ||
| Total debtors | 568,496 | 513,537 | |||
| 14 | Loans and overdrafts | ||||
| 2021 | 2020 | ||||
| Bank loans | 225,959 | 230,840 | |||
| Payable within |
one year | 79,388 | 79,388 | ||
| Payable after | one year | 146,571 | 151,452 |
| Creditors: amounts f |
alling due within one ye | ar | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Notes | F | |||
| Bank loans | 14 | 79,388 | 79,388 | |
| Trade creditors | 55 | 8,457 | ||
| Other creditors | 35,730 | |||
| Accruals and deferred | income | 5,316 | 5,198 | |
| 120,489 | 93,043 |
| 16 | Creditors: amounts | falling due after more than one year | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Notes | F | F | |||
| Bank loans | 14 | 146,571 | 151,452 | ||
| Other creditors | 35,000 | ||||
| 146,571 | 186,452 |
| Balance at | Incoming | Resources | Funded | by the | Transfers | Balance at | ||
|---|---|---|---|---|---|---|---|---|
| 1 March 2020 | resources | expended | Trust | 28 February | ||||
| 2021 | ||||||||
| F | ||||||||
| Perpetual | Endowment | 2,000 | 5,000 | 7,000 | ||||
| Land Fund | 7,840 | 2,411 | (5,000) | 5,251 | ||||
| Mill Barn | 26,990 | 26,990 | ||||||
| Oxenhall | Covenants | 791 | (990) | 199 | ||||
| Dymock | Covenants | 1,708 | (2,297) | 589 | ||||
| Hereford | Covenants | 5,956 | (2,000) | 3,956 | ||||
| Over Covenants | 5,545 | (3,380) | 2,165 | |||||
| Radcliffe | Trust | 5,000 | 5,000 | |||||
| 36,830 | 21,411 | (8,667) | 788 | 50,362 |
| Analysis of net assets between funds |
||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2021 | 2021 | 2021 | ||
| F | F | F | ||
| Fund balances at 28 February 2021 are represented | by: | |||
| Tangible assets | 499,363 | 499,363 | ||
| Current assets/(liabilities) | 445,253 | 50,362 | 495,615 | |
| Long term liabilities | (146,571) | (146,571) | ||
| 798,045 | 50,362 | 848,407 |
| Name of undertaking | Registered | Nature | of business | Class of | % Held |
|---|---|---|---|---|---|
| office | shares held | Direct Indirect | |||
| The Wharf House Co Ltd | Property | rental | Ordinary f1 | 100.00 |
| The Wharf House Co | Ltd | Ltd | Property rental O |
Property rental O |
Property rental O |
rdinary f1 1 |
00.00 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| The aggregate capital |
and reserves | and | the | result for the year of subsidiaries | excluded from |
consolidation | ||||
| was as follows: | ||||||||||
| Name of undertaking | Profit/(Loss) | Capital and | ||||||||
| Reserves | ||||||||||
| The Wharf House Co | Ltd | (31,847) | (376,144) | |||||||
| 21 | Cash generated from |
operations | 2021 | 2020 | ||||||
| F | F | |||||||||
| Surplus for the year | 74,992 | 74,497 | ||||||||
| Adjustments for: |
||||||||||
| Investment income recognised |
in statement | of | financial | activities | (45,376) | (12,665) | ||||
| Depreciation and impairment |
oftangible | fixed assets | 3,933 | 2,806 | ||||||
| Movements in working |
capital: | |||||||||
| Decrease in stocks |
73 | 14 | ||||||||
| (Increase) in debtors |
(54,959) | (170,178) | ||||||||
| (Decrease) in creditors |
(7,554) | (4,483) | ||||||||
| Cash absorbed by operations |
(28,891) | (110,009) |
| 22 | Analysis ofchanges in net (debt)/funds |
Analysis ofchanges in net (debt)/funds |
||||
|---|---|---|---|---|---|---|
| At | 1 March 2020 | Cash flows | At 28 February | |||
| 2021 | ||||||
| F | F | |||||
| Cash at bank and | in hand | 40,882 | 6,204 | 47,086 | ||
| Loans falling due | within one year | (79,388) | (79,388) | |||
| Loans falling due | after more than one year | (151,452) | 4,881 | (146,571) | ||
| (189,958) | 11,085 | (178,873) |