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|Reference and Administrative<br>Details|||
|---|---|---|
|Trustees'<br>Report||2 to 10|
|Independent<br>Auditors'<br>Report||11to 13|
|Consolidated<br>Statement<br>of Financial|Activities|14|
|Consolidated<br>Balance Sheet||15|
|Balance Sheet||16|
|Consolidated<br>Statement ofCash Flows||17|
|Notes to the Financial Statements||18to 32|





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||||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<br>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|||||||





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|(Incl|uding|Conso|lidated<br>Incom|e and Expendi|ture<br>Account)||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2022|2021|
|||Note|||f.||
|Income and Endowments||from:|||||
|Donations<br>and legacies||3|4,806||4,806|93,895|
|Charitable<br>activities||4|232,294||232,294|203,700|
|investment<br>income||6|100||100|2|
|Other trading<br>income|||311,394||311,394|97,741|
|Total income|||548,594||548,594|395,338|
|Expenditure<br>on:|||||||
|Raising funds|||(241,981)||(241,981)|(92,764)|
|Charitable<br>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<br>in funds|||45,365|(81,941)|(36,576)|(5,922)|
|Reconciliation<br>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|





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|||||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<br>income funds||||||
|Restricted funds||||3,207,464|3,289,405|
|Unrestricted<br>income funds||||||
|Unrestricted<br>funds||||228,426|183,061|
|Total funds|||15|3,435,890|3,472,466|





## 

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|||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<br>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<br>to cash flows||from noncash|items||||
|Depreciation|||||81,941|91,517|
|Investment<br>income|||||100|2|
||||||45,265|85,593|
|Working capital adjustments|||||||
|Increase<br>in debtors||||12|(7,544)|(13,907)|
|Increase<br>in creditors||||13|25,375|8,081|
|Net cash flows from operating||activities|||63,096|79,767|
|Cash flows from investing||activities|||||
|Interest receivable<br>and similar income|||||100||
|Net increase<br>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|





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|3<br>Inco|m|e|from|donations<br>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|





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|Income from charitable<br>acti|vities||||
|---|---|---|---|---|
|||Unrestricted|||
|||funds|Total|Total|
|||General<br>f|2022<br>F|2021<br>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<br>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||





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## 

||||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<br>and internet costs||||1,691|1,691|786|
|Office expenses||||3,771|3,771|11,509|
|Printing,<br>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<br>expenses||||4,063|4,063||
|Accountancy<br>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<br>Auditors'<br>remuneration|8<br>Auditors'<br>remuneration|8<br>Auditors'<br>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|



## 



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|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|





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## 

||||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<br>Boatyard,<br>Cumberland|||Wales|Ordinary|100%|100%|beverage<br>retailer||
|Road, Bristol,||United|||||||
|Kingdom,|BS16XG||||||||





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|12Debtors||||||
|---|---|---|---|---|---|
|||Group||Charity||
||2022||2021|2022|2021|
||E||E|||
|Trade debtors|22,144||17,184|20,20<br>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<br>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|



## 

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|Group||||||
|---|---|---|---|---|---|
|||Balance at 1|Incoming|Resources|Balance at 31|
|||April 2021|resources|expended|INarch 2022|
||||F|||
|Unrestricted<br>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<br>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|||





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## 

|Charity||||||
|---|---|---|---|---|---|
|||Balance at 1|Incoming|Resources|Balance at 31|
|||April 2021|resources|expended|March 2022|
||||E||f.|
|Unrestricted<br>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<br>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|





## 

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## 

|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|





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## 

|Group|||||
|---|---|---|---|---|
|||At 1 April|Financing|At 31 March|
|||2021f|cash flows<br>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|



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