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|Reference and Administrative|Details||||
|---|---|---|---|---|
|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||||||||||
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|||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|
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|||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|
##
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##
|||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|
##
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|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|
##
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##
|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|
##
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|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|
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