| Reference and Administrative Details |
||
|---|---|---|
| Trustees' Report |
2 to 10 | |
| Independent Auditors' Report |
11to 13 | |
| Consolidated Statement of Financial |
Activities | 14 |
| Consolidated Balance Sheet |
15 | |
| Balance Sheet | 16 | |
| Consolidated Statement ofCash Flows |
17 | |
| Notes to the Financial Statements | 18to 32 |
| Reference and | Reference and | Administrative | Administrative | Administrative | Details | Details | Details | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Trustees | J Durie | |||||||||
| R Holden | ||||||||||
| R Orrett | ||||||||||
| N Ringner | ||||||||||
| R Rothwell | ||||||||||
| M Tucker | ||||||||||
| N Watt | ||||||||||
| I Wilkinson | ||||||||||
| Charity Registration | Number | 1041863 | ||||||||
| Company | Registration | Number | 02885156 | |||||||
| The charity | is incorporated | in England | and Wales. | |||||||
| Registered | Office | 2 Temple Back East | ||||||||
| Temple Quay | ||||||||||
| Bristol | ||||||||||
| BS16EG | ||||||||||
| Auditor | Milsted Langdon |
LLP | ||||||||
| Chartered | Accountants | &Statutory | Auditor | |||||||
| Freshford | House | |||||||||
| Redcliffe Way | ||||||||||
| Bristol | ||||||||||
| BS16NL | ||||||||||
| Solicitors | Osborne Clarke LLP | |||||||||
| 2 Temple Back East | ||||||||||
| Temple Quay | ||||||||||
| Bristol | ||||||||||
| BS16EG | ||||||||||
| Bankers | Lloyds Bank PLC | |||||||||
| 284 Wells | Road | |||||||||
| Knowle | ||||||||||
| Bristol | ||||||||||
| BS16FL |
| (Incl | uding | Conso | lidated Incom |
e and Expendi | ture Account) |
|
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | 2022 | 2021 | |||
| Note | f. | |||||
| Income and Endowments | from: | |||||
| Donations and legacies |
3 | 4,806 | 4,806 | 93,895 | ||
| Charitable activities |
4 | 232,294 | 232,294 | 203,700 | ||
| investment income |
6 | 100 | 100 | 2 | ||
| Other trading income |
311,394 | 311,394 | 97,741 | |||
| Total income | 548,594 | 548,594 | 395,338 | |||
| Expenditure on: |
||||||
| Raising funds | (241,981) | (241,981) | (92,764) | |||
| Charitable activities |
(261,248) | (81,941) | (343,189) | (308,496) | ||
| Total expenditure | ~(503,229 | ~(81,941 | 585,170 | (401,260 | ||
| Net income/(expenditure) | 45,365 | (81,941) | (36,576) | (5,922) | ||
| Net movement in funds |
45,365 | (81,941) | (36,576) | (5,922) | ||
| Reconciliation offunds |
||||||
| Total funds brought | forward | 183,061 | 3,289,405 | 3,472,466 | 3,478,388 | |
| Total funds carried | forward | 15 | 228,426 | 3,207,464 | 3,435,890 | 3,472,466 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | E | ||||
| Fixed assets | |||||
| Tangible assets | 10 | 3,140,943 | 3,222,884 | ||
| Current assets | |||||
| Debtors | 12 | 28,404 | 20,860 | ||
| Cash at bank and | in | hand | 340,543 | 277,347 | |
| 368,S47 | 298,207 | ||||
| Creditors: Amounts | falling due within one year | 13 | (74,000) | {48,625) | |
| Net current assets | 294,947 | 249,582 | |||
| Net assets | 3,435,890 | 3,472,466 | |||
| Funds ofthe group: | |||||
| Restricted income funds |
|||||
| Restricted funds | 3,207,464 | 3,289,405 | |||
| Unrestricted income funds |
|||||
| Unrestricted funds |
228,426 | 183,061 | |||
| Total funds | 15 | 3,435,890 | 3,472,466 |
| Balance Sheet as at | 31 March 20 | 22 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | f. | E | |||
| Fixed assets | |||||
| Tangible assets | 10 | 3,140,943 | 3,222,884 | ||
| Investments | 11 | 1 | 1 | ||
| 3,140,944 | 3,222,885 | ||||
| Current assets | |||||
| Debtors | 12 | 87,490 | 20,323 | ||
| Cash at bank and in hand | 270,393 | 269,853 | |||
| 357,883 | 290,176 | ||||
| Creditors: | Amounts | falling due within one year | 13 | (62,937) | (48,599) |
| Net current | assets | 294,946 | 241,577 | ||
| Net assets | 3,435,890 | 3,464,462 | |||
| Funds ofthe charity: | |||||
| Restricted | Income funds | ||||
| Restricted funds |
15 | 3,207,464 | 3,289,405 | ||
| Unrestricted | income | funds | |||
| Unrestricted | funds | 228426 | 175057 | ||
| Total funds | 3,435,890 | 3,464,462 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | E | f. | ||||
| Cash flows from operating | activities | |||||
| Net cash expenditure | (36,576) | (5,922) | ||||
| Adjustments to cash flows |
from noncash | items | ||||
| Depreciation | 81,941 | 91,517 | ||||
| Investment income |
100 | 2 | ||||
| 45,265 | 85,593 | |||||
| Working capital adjustments | ||||||
| Increase in debtors |
12 | (7,544) | (13,907) | |||
| Increase in creditors |
13 | 25,375 | 8,081 | |||
| Net cash flows from operating | activities | 63,096 | 79,767 | |||
| Cash flows from investing | activities | |||||
| Interest receivable and similar income |
100 | |||||
| Net increase in cash and cash equivalents |
63,196 | 79,769 | ||||
| Cash and cash equivalents | at 1 April | 277,347 | 197,578 | |||
| Cash and cash equivalents | at 31 March | 340,543 | 277,347 |
| 3 Inco |
m | e | from | donations and legacies |
|||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| funds | Total | Total | |||||
| General | 2022 | 2021 | |||||
| F | E | ||||||
| Donations | and legacies; | ||||||
| Donations | from | individuals | 4,806 | 4,806 | 2,706 | ||
| Grants, | including | capital grants; | |||||
| Grants | from companies | 91,189 | |||||
| 4,806 | 4,806 | 93,895 |
| Income from charitable acti |
vities | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total | Total | ||
| General f |
2022 F |
2021 E |
||
| Rental income - boats, slipway | and workshop | 217,249 | 217,249 | 198,920 |
| Electricity and other income | 15,045 | 15,045 | 4,780 | |
| 232,294 | 232,294 | 203,700 |
| 5 | Income fro | m | ot | her trading activities |
|||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| funds | Total | Total | |||||
| General | 2022 | 2021 | |||||
| E | |||||||
| Cafe sales | 311,394 | 311,394 | 97,741 | ||||
| 311,394 | 311,394 | 97,741 | |||||
| 6 | Investment | income | |||||
| Unrestricted | |||||||
| funds | Total | Total | |||||
| General | 2022 | 2021 | |||||
| E | |||||||
| Interest receivable | and similar income; | ||||||
| Interest receivable | on bank deposits | 100 | 100 |
| Activity | Activity | |||||
|---|---|---|---|---|---|---|
| undertaken | support | |||||
| directly | costs | 2022 | 2021 | |||
| E | ||||||
| Staff costs | 94,142 | 94,142 | 132,297 | |||
| Slipway services | 65,145 | 65,145 | 3,926 | |||
| Depreciation | 81,941 | 81,941 | 91,517 | |||
| Rates | 8,556 | 8,556 | ||||
| Light, heat and power | 33,917 | 33,917 | 19,861 | |||
| Insurance | 13,282 | 13,282 | 12,984 | |||
| Repairs and maintenance | 10,949 | 10,949 | 11,933 | |||
| Telephone and internet costs |
1,691 | 1,691 | 786 | |||
| Office expenses | 3,771 | 3,771 | 11,509 | |||
| Printing, postage |
and stationery | 2,657 | 2,657 | 1,186 | ||
| Health and safety | 1,288 | 1,288 | 291 | |||
| Sundry expenses | 199 | 199 | ||||
| Yard duties | 7,203 | 7,203 | 5,202 | |||
| Waste disposal | 3,307 | 3,307 | 2,797 | |||
| Travel and subsistence | 46 | 46 | 2 | |||
| Advertising | 1,027 | 1,027 | 1,085 | |||
| Promotional expenses |
4,063 | 4,063 | ||||
| Accountancy fees |
4,485 | 4,485 | 7,107 | |||
| The audit ofthe charity's | annual | |||||
| accounts | 4,075 | 4,075 | 4,750 | |||
| Bad debts written | off | 84 | 84 | 76 | ||
| Bank Charges | 1,361 | 1,361 | 1,187 | |||
| 159,287 | 183,902 | 343,189 | 308,496 |
| 8 Auditors' remuneration |
8 Auditors' remuneration |
8 Auditors' remuneration |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| E | ||||
| Audit ofthe financial statements | 4,075 | 4,750 | ||
| Other fees to | auditors | |||
| All other non-audit | services | 4,485 | 7,107 | |
| 9 Staff costs | ||||
| The aggregate | payroll costs were as follows: | |||
| 2022f | 2021 | |||
| Staffcosts during | the year were: | |||
| Wages and salaries | 188,901 | 159,779 | ||
| Social security | costs | 10,916 | 11,798 | |
| Pension costs | 2,416 | 2,395 | ||
| 202,233 | 173,972 |
| Group | |||||
|---|---|---|---|---|---|
| Long-term | Computer | ||||
| leasehold | and office | Building | Interpretation | ||
| property | equipment | restoration | assets | Total | |
| F | f. | E | F | ||
| Cost | |||||
| At 1 April 2021 | 391,127 | 3,067 | 2,973,915 | 241,416 | 3,609,525 |
| At 31 March 2022 | 391,127 | 3,067 | 2,973,915 | 241,416 | 3,609,525 |
| Depreciation | |||||
| At 1 April 2021 | 46,846 | 3,030 | 178,434 | 158,331 | 386,641 |
| Charge for the | |||||
| year | 7,823 | 26 | 59,478 | 14,614 | 81,941 |
| At 31 March 2022 | 54,669 | 3,056 | 237,912 | 172,945 | 468,582 |
| Net book value | |||||
| At 31 March 2022 | 336,458 | 11 | 2,736,003 | 68,471 | 3,140,943 |
| At 31 March 2021 | 344,281 | 37 | 2,795,481 | 83,085 | 3,222,884 |
| Charity | |||||
| Long-term | Computer | ||||
| leasehold | and office | Building | Interpretation | ||
| property | equipment | restoration | assets | Total | |
| F | F | ||||
| Cost | |||||
| At 1 April 2021 | 391,127 | 3,067 | 2,973,915 | 241,416 | 3,609,525 |
| At 31 March 2022 | 391,127 | 3,067 | 2,973,915 | 241,416 | 3,609,525 |
| Depreciation | |||||
| At 1 April 2021 | 46,846 | 3,030 | 178,434 | 158,331 | 386,641 |
| Charge for the | |||||
| year | 7,823 | 26 | 59,478 | 14,614 | 81,941 |
| At 31 March 2022 | 54,669 | 3,056 | 237,912 | 172,945 | 468,582 |
| Net book value | |||||
| At 31 March 2022 | 336,458 | 11 | 2,736,003 | 68,471 | 3,140,943 |
| At 31 March 2021 | 344,281 | 37 | 2,795,481 | 83,085 | 3,222,884 |
| Country of | Proportion | ofvoting | Principal | |||||
|---|---|---|---|---|---|---|---|---|
| Name | incorporation | Holding | rights and | shares held | activity | |||
| 2022 | 2021 | |||||||
| Underfall | Yard | Trading | ||||||
| Company | Limited | |||||||
| C/0 Underfall | Yard | Food | and | |||||
| Trust, Underfall Boatyard, Cumberland |
Wales | Ordinary | 100% | 100% | beverage retailer |
|||
| Road, Bristol, | United | |||||||
| Kingdom, | BS16XG |
| 12Debtors | |||||
|---|---|---|---|---|---|
| Group | Charity | ||||
| 2022 | 2021 | 2022 | 2021 | ||
| E | E | ||||
| Trade debtors | 22,144 | 17,184 | 20,20 9 |
16,647 | |
| Due from group undertakings | 61,021 | ||||
| P repayments | 2,307 | 3,676 | 2,307 | 3,676 | |
| VAT recoverable | 3,953 | 3,953 | |||
| 28,404 | 20,860 | 87,490 | 20,323 | ||
| 13Creditors: amounts | falling due within | one year | |||
| Group | Charity | ||||
| 2021 | 2022 | 2021 | |||
| f. | |||||
| Trade creditors | 11,365 | 28,142 | 11,365 | ||
| Other taxation and social |
|||||
| security | 16,058 | 10,031 | 9,929 | 10,005 | |
| Other creditors | 21,275 | 22,072 | 21,275 | 22,072 | |
| Accruals | 4,516 | 5,157 | 3,591 | 5,157 | |
| 74,000 | 48,625 | 62,937 | 48,599 |
| Group | |||||
|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at 31 | ||
| April 2021 | resources | expended | INarch 2022 | ||
| F | |||||
| Unrestricted funds |
|||||
| General | |||||
| General Funds | 183,061 | 548,594 | (503,229) | 228,426 | |
| Restricted funds | |||||
| HLF Property | Imporvement | ||||
| Grant | 1,943,160 | (54,349) | 1,888,811 | ||
| HLF Other Funds | 201,976 | (5,649) | 196,327 | ||
| Other Funders | 1,144,269 | 21,943 | 1,122,326 | ||
| Total restricted | funds | 3,289,405 | 81,941 | 3,207,464 | |
| Total funds | 3,472,466 | 548,594 | 585,170 | 3,435,890 | |
| Balance at 1 | Incoming | Resources | Balance at 31 | ||
| April 2020 | resources | expended | March 2021 | ||
| F | |||||
| Unrestricted funds |
|||||
| General | |||||
| General Funds | 97,466 | 395,338 | (309,743) | 183,061 | |
| Restricted funds | |||||
| HLF Property | Imporvement | ||||
| Grant | 1,997,509 | (54,349) | 1,943,160 | ||
| HLF Other Funds | 207,625 | (5,649) | 201,976 | ||
| Other Funders | 1,175,788 | 31,519 | 1,144,269 | ||
| Total restricted | funds | 3,380,922 | 91,517 | 3,289,405 | |
| Total funds | 3,478,388 | 395,338 |
| Charity | |||||
|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | Balance at 31 | ||
| April 2021 | resources | expended | March 2022 | ||
| E | f. | ||||
| Unrestricted funds |
|||||
| General | |||||
| General funds | 175,057 | 314,501 | (261,132) | 228,426 | |
| Restricted funds | |||||
| HLF Property | Improvement | ||||
| Grants | 1,943,160 | (54,349) | 1,888,811 | ||
| HLF Other Funds | 201,976 | (5,649) | 196,327 | ||
| Other Funders | 1,144,269 | (21,943) | 1,122,326 | ||
| Total restricted | funds | 3,289,405 | (81,941) | 3,207,464 | |
| Total funds | 3,464,462 | 314,501 | (343,073 | 3,435,890 | |
| Balance at 1 | Incoming | Resources | Balance at 31 | ||
| April 2020 | resources | expended | March 2021 | ||
| Unrestricted funds |
|||||
| General | |||||
| General funds | 97,466 | 387,334 | (309,743) | 175,057 | |
| Restricted funds | |||||
| HLF Property | Improvement | ||||
| Grants | 1,997,509 | (54,349) | 1,943,160 | ||
| HLF Other Funds | 207,625 | (5,649) | 201,976 | ||
| Other Funders | 1,175,788 | (31,519) | 1,144,269 | ||
| Total restricted | funds | 3,380,922 | (9'i,517) | 3,289,405 | |
| Total funds | 3,478,388 | 387,334 | (401,260) | 3,464,462 |
| Group | |||
|---|---|---|---|
| Unrestricted | Total funds | ||
| funds | at 31 March | ||
| General | 2022 | ||
| E | |||
| Tangible | fixed assets | 3,140,943 | 3,140,943 |
| Current | assets | 368,947 | 368,947 |
| Current | liabilities | (74,000) | (74,000) |
| Total net assets | 3,435,890 | 3,435,890 | |
| Unrestricted | Total funds | ||
| funds | at 31 March | ||
| General | 2021 | ||
| E | E | ||
| Tangible | fixed assets | 3,222,884 | 3,222,884 |
| Current | assets | 298,207 | 298,207 |
| Current | liabilities | (48,625) | (48,625) |
| Total net assets | 3,472,466 | 3,472,466 | |
| Charity | |||
| Unrestricted | Total funds | ||
| funds | at 31 March | ||
| General | 2022 | ||
| Tangible | fixed assets | 3,140,943 | 3,140,943 |
| Fixed asset investments | 1 | 1 | |
| Current | assets | 357,883 | 357,883 |
| Current | liabilities | (62,937) | (62,937) |
| Total net assets | 3,435,890 | 3,435,890 | |
| Unrestricted | Total funds | ||
| funds | at 31 March | ||
| General | 2021 | ||
| Tangible | fixed assets | 3,222,884 | 3,222,884 |
| Fixed asset investments | 1 | 1 | |
| Current | assets | 290,176 | 290,176 |
| Current | liabilities | 48,599 | 48,599 |
| Total net assets | 3,464,462 | 3,464,462 |
| Group | ||||
|---|---|---|---|---|
| At 1 April | Financing | At 31 March | ||
| 2021f | cash flows F |
2022 | ||
| Cash at bank and | in hand | 277,347 | 63,196 | 340,543 |
| Net debt | 277,347 | 63,196 | 340,543 | |
| At 1 April | Financing | At 31 Nlarch | ||
| 2020 | cash flows | 2021 | ||
| E | ||||
| Cash at bank and | in hand | 197,578 | 79,769 | 277,347 |
| Net debt | 197,578 | 79,769 | 277,347 |