2023-03-31-accounts - The Underfall Yard Trust

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Reference and Administrative
Trustees' Report		2 to 10
Going concern
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		18	to 32

				The Underfall	The Underfall	The Underfall		Yard	Yard	Trust
			Reference and			Administrative					Details
Trustees				J Durie
				R Holden
				R Orrett
				N Ringner
				R Rothwell		(Retired 20th				April 2023)
				M Tucker
				N Watt
				I Wilkinson
				P Insole (Appointed				10th		February		2023)
Charity Registration		Number		1041863
Company	Registration		Number	02885156
				The charity		is incorporated				in England			and Wales.
Registered	Office			Underfall	Boatyard
				Cumberland		Road
				Bristol
				BS16XG
Auditor				Milsted Langdon			LLP
				Chartered	Accountants				8	Statutory		Auditor
				Freshford	House
				Redcliffe Way
				Bristol
				BS16NL
Solicitors				Osborne Clarke
				Halo
				Counterslip
				Bristol
				BS16AJ
Bankers				Lloyds Bank		PLC
				284 Wells	Road
				Knowle
				Bristol
				BS16FL

		Unrestricted	Restricted	Total	Total
		funds	funds	2023	2022
	Note		E		E
Income and Endowments	from:
Donations and legacies Charitable activities Investment income	3 4 6	4,350 234,934 137		4,350 234,934 137	4,806 232,294 100
Other trading income		311,857		311,857	311,394
Total income		551,278		551,278	548,594
Expenditure on:
Raising funds Charitable activities Total expenditure		(266,846) (228,759) ~495,605	(81,926) ~81,926	(266,846) (310,685) 577,531)	(241,981) (343,189) 585,170
Net income/(expenditure)		55,673	(81,926)	(26,253)	(36,576)
Net movement in funds		55,673	(81,926)	(26,253)	(36,576)
Reconciliation offunds
Total funds brought forward		228,426	3,207,464	3,435,890	3,472,466
Total funds carried forward	16	284,099	3,125,538	3,409,637	3,435,890

				2023	2022
			Note
Fixed assets
Tangible assets				3,059,017	3,140,943
Current assets
Debtors Cash at bank and	in	hand	13	34,144 370,357	28,404 340,543
				404,501	368,947
Creditors: Amounts		falling due within one year	14	(53,881)	(74,000)
Net current assets				350,620	294,947
Net assets				3,409,637	3,435,890
Funds ofthe group:
Restricted income funds
Restricted funds				3,125,538	3,207,464
Unrestricted income		funds
Unrestricted funds				284,099	228,426
Total funds			16	3,409,637	3,435,890

			Balance Sheet as at	31 March 20	23
					2023	2022
				Note
Fixed assets
Tangible assets				11	3,059,017	3,140,943
Investments				12	1	1
					3,059,018	3,140,944
Current assets
Debtors Cash at bank and		in hand		13	66,634 327,611	87,490 270,393
					394,245	357,883
Creditors:	Amounts		falling due within one year	14	43,626	62,937
Net current	assets				350,619	294,946
Net assets					3,409,637	3,435,890
Funds ofthe charity:
Restricted	income funds
Restricted funds				16	3,125,538	3,207,464
Unrestricted	income		funds
Unrestricted	funds				284,099	228,426
Total funds					3,409,637	3,435,890

					2023	2022
				Note
Cash flows from operating		activities
Net cash expenditure					(26,253)	(36,576)
Adjustments to cash flows		from non-cash	items
Depreciation					81,926	81,941
Investment income					137	100
					55,536	45,265
Working capital adjustments
Increase in debtors				13	(5,740)	(7,544)
(Decrease)/increase in creditors				14	20,119	25,375
Net cash flows from operating		activities			29,677	63,096
Cash flows from investing	activities
Interest receivable and similar		income			137	100
Net increase in cash and cash equivalents					29,814	63,196
Cash and cash equivalents	at	1 April			340,543	277,347
Cash and cash equivalents	at	31 March			370,357	340,543

		Unrestricted
		funds	Total	Total
		General	2023	2022
Rental income - boats, slipway Electricity and other income	and workshop	222,825 12,109	222,825 12,109	217,249 15,045
		234,934	234,934	232,294

					Unrestricted
					funds	Total	Total
					General	2023	2022
	Cafe sales				311,857	311,857	K 311,394
					311,857	311,857	311,394
6	Investment	income
					Unrestricted
					funds	Total	Total
					General	2023	2022
Interest receivable			and similar income;
	Interest receivable			on bank deposits	137	137	100

		Activity	Activity
		undertaken	support
		directly	costs	2023	2022
Staff costs Slipway services Depreciation Rates		F 108,133 32,785	81,926	F 108,133 32,785 81,926	94,142 65,145 81,941
Light, heat and power insurance Repairs and maintenance Telephone and internet costs Printing, postage and stationery Health and safety Office expenses Yard duties Waste disposal Travel and subsistence			6,066 24,409 22,915 3,033 3,615 3,769 6,487 7,948 3,903	6,066 24,409 22,915 3,033 3,615 3,769 6,487 7,948 3,903	8,556 33,917 13,282 10,949 1,691 2,657 1,288 3,970 7,203 3,307
Advertising Promotional expenses Accountancy fees The audit ofthe charity's	annual		3,145 684 1,923	3,145 684 1,923	46 1,027 4,063 4,485
accounts Bad debts written off			6,268	6,268	4,075
Bank Charges			1,435	1,435	84 1,361
		140,918	177,526	318,444	343,189

9 Auditors' remuneration
	2023	2022
		E
Audit ofthe financial statements	6,268	4,075
Other fees to auditors
All other non-audit services	4,707	4,485

10Staff costs
The aggregate payroll costs were as follows:
	2023	2022
Staff costs during the year were:
Wages and salaries Social security costs Pension costs	212,788 12,609 2,218	188,901 10,916 2,416
	227,615	202,233

leadership ws:	team) empl
2023	2022
No	No

Group
	Long-term	Computer
	leasehold	and office	Building	Interpretation
	property	equipment	restoration	assets	Total
					E
Cost
At 1 April 2022	391,127	3,067	2,973,915	241,416	3,609,525
At 31 March 2023	391,127	3,067	2,973,915	241,416	3,609,525
Depreciation
At 1 April 2022 Charge for the	54,669	3,056	237,912	172,945	468,582
year	7,823		59,478	14,614	81,926
At 31 March 2023	62,492	3,067	297,390	187,559	550,508
Net book value
At 31 March 2023	328,635		2,676,525	53,857	3,059,017
At 31 March 2022	336,458		2,736,003	68,471	3,140,943
Charity
	Long-term	Computer
	leasehold	and office	Building	Interpretation
	property	equipment	restoration	assets	Total
	F
Cost
At 1 April 2022	391,127	3,067	2,973,915	241 416	3609525
At 31 March 2023	391,127	3,067	2,973,915	241,416	3,609,525
Depreciation
At 1 April 2022 Charge for the	54,669	3,056	237,912	172,945	468,582
year	7,823		59,478	14,614	81,926
At 31 March 2023	62,492	3,067	297,390	187,559	550,508
Net book value
At 31 March 2023	328,635		2,676,525	53,857	3,059,017
At 31 March 2022	336,458		2,736,003	68,471	3,140,943

Name	Country of incorporation	Holding	Proportion rights and	ofvoting shares held	Principal activity
			2023	2022
Underfall Yard Trading
Company Limited
C/0 Underfall Yard Trust, Underfall Boatyard, Cumberland Road, Bristol, United	Wales	Ordinary	100%	100%	Food beverage retailer	and
Kingdom, BS16XG

13Debtors
	Group 2023	2022	2023 Charity	2022
Trade debtors Due from group undertakings Prepayments VAT recoverable	12,143 1,355 20,646	2,307 3,953 22,144	20,625 33,866 12,143	F 20,209 61,021 2,307 3,953
	34,144	28,404	66,634	87,490

14Creditors:	amounts falling	due within one year
		2023 Group	2022	2023 Charity	2022
Trade creditors Other taxation	and social	3,342	32,151	1,586	28,142
security Other creditors Accruals		25,175 18,486 6,878	16,058 21,275 4,516	17,696 18,486 5,858	9,929 21,275 3,591
		53,881	74,000	43,626	62,937

Group
		Balance at 1	Incoming	Resources	Balance at 31
		April 2022	resources	expended	March 2023
				E
Unrestricted funds
General
General Funds		228,426	551,278	(495,605)	284,099
Restricted funds
HLF Property	Imporvement
Grant HLF Other Funds Other Funders		1,888,811 196,327 1,122,326		(54,334) (5,649) 21,943	1,834,477 190,678 1,100,383
Total restricted	funds	3,207,464		81,926	3,125,538
Total funds		3,435,890	551,278	577,531)	3,409,637
		Balance at 1	Incoming	Resources	Balance at 31
		April 2021	resources	expended	March 2022
Unrestricted funds
General
General Funds		183,061	548,594	(503,229)	228,426
Restricted funds
HLF Property	Imporvement
Grant HLF Other Funds Other Funders		1,943,160 201,976 1,144,269		(54,349) (5,649) 21,943	1,888,811 196,327 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

Charity
		Balance at 1	Incoming	Resources	Balance at 31
		April 2022	resources	expended	March 2023
		E	E		f:
Unrestricted funds
General
General funds		228,426	293,022	(237,349)	284,099
Restricted funds
HLF Property	Improvement
Grants HLF Other Funds Other Funders		1,888,811 196,327 1,122,326		(54,334) (5,649) (21,943)	1,834,477 190,678 1,100,383
Total restricted	funds	3,207,464		(81,926)	3,125,538
Total funds		3,435,890	293,022	(319,275)	3,409,637
		Balance at 1	Incoming	Resources	Balance at 31
		April 2021	resources	expended	March 2022
Unrestricted funds
General
General funds		175,057	314,501	(261,132)	228,426
Restricted funds
HLF Property	Improvement
Grants HLF Other Funds Other Funders		1,943,160 201,976 1,144,269		(54,349) (5,649) (21,943)	1,888,811 196,327 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

Group
		Unrestricted		Total funds
		funds	Restricted	at 31 March
		General	funds	2023
		F
Tangible	fixed assets		3,059,017	3,059,017
Current	assets	337,980	66,521	404,501
Current	liabilities	(53,881		53,881
Total net assets		284,099	3,125,538	3,409,637
		Unrestricted		Total funds
		funds	Restricted	at 31 March
		General	funds	2022
		E.
Tangible	fixed assets		3,140,943	3,140,943
Current	assets	302,426	66,521	368,947
Current	liabilities	(74,000)		(74,000)
Total net assets		228,426	3,207,464	3,435,890
Charity

Charity
		Unrestricted		Total funds
		funds	Restricted	at 31 March
		General	funds	2023
			E	E
Tangible	fixed assets		3,059,017	3,059,017
Fixed asset investments		1		1
Current	assets	3,277,240	66,521	3,343,761
Current	liabilities	(43,626)		43,626
Total net assets		3,233,615	3,125,538	6,359,153
		Unrestricted		Total funds
		funds	Restricted	at 31 March
		General	funds	2022
				E
Tangible	fixed assets		3,140,943	3,140,943
Fixed asset investments		1		1
Current	assets	291,362	66,521	357,883
Current	liabilities	62,937		62,937
Total net assets		228,426	3,207,464	3,435,890