Registered Company No 9689992 Registered Charity No 1166655 OSPREYQUAYMANAGEMENTSERVICESCOMPANY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED31 MARCH 2021 *MFELty IW10r2021 COMPthIES HOUSE
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OSPREY QUAY MANAGEMEMT SERVICES COIAPANY LIMITED comp•ny limited by guarantee) YEAR ENDED 31 MARCH 2021 CONTENTS PAGE CHARMANS REPORT TRUSTEES. REPORT INDEPENDENT AUDtroRS' REPORT TO THE TRUSTEES ANO MEMBERS OF OSPREY QUAY MANAGEMENT sERVEs COMPANY LIMED STATEMENT OF FNANCIAL ACTWMES 12 BALANCE SHEET 13 STATEMENT OF CASH FLOWS 14 NOTES TO THE FINANCAL STATEMEfvtrs 15 COMPARA8LES FROM PREVPXIS FWAKI4L YEAR
OSPREY QUAY MANAGEMENT SERVICES C(WPANY LIMtTEO (A mpaThy Ilmited by guarantso) YEAR ENDED 31 MARCH 2021 CHAfRMAN'S REP Ospray Cluay SeThtss Llmlknd kn 8 ¢h&ity Ilwt to the 9T spo¢0 at Olproy aY br . ben8fft of rxvnmunl knve•tmonl• (Mrthe pwi¢>J 18tApTI 2020 to 31st Mar¢h 2021 dihelnv85knh8IJ byts(XffjFwyknmsed by20.66% {201W2(k. derypw of3.17%1 to £1.T2m (20t¥20: £1.43ml. A faVoUra0 on our VNesIW of 2.9%.(2Q1W20' &5%) trA8$ us ryWagg. srt8S tts o Cfvarftae outo)mes and to fvTrJ frTe inrv)vements. paik and the promenade Cath a1 Ihe mafkna. is nethj bthwn th& kneter[Trt and the salllTYJ wta Us1 In tho 2012 SuMnr 0pS aTrJ Lho p¥T Ches¥ Be Ljjrfng thp year the fflabtten canglTrJ prr)Jm was ojnrdeted to a c¥)ns[st htrJh stardard. These y)rk8 Inc09 gra&4 trjllkng. ¥affJè bthmlr¥J rais+ 8th1 tre8 nWtrrt9nar. lrfièr pkng ar bin 8mptyng. lly tip removal, n-SL81 damagè repaff. grtffio rnmo¥¥l rnaInten. rwiair and wAacement of ttre&ionai infrastruthrt gnd sknag8. Tha dto ha6pmded a vahjabb and Sa8n6pace lo(a corA7Kth to aX8TfAEe. Wfreshaw arnjstay connethd wl(h Ihdr corM)wlty thwh Iho COVMI AdditiOnty this y•ar the ofth8 ies' fve• MQS was thB seaung rBK4ac4d wkn to math the M8mori81 GaftJeD arnl lorMi mntenanc8 rx5515. Euan Hall Chalrman 27 Auou8t 2021
OSPReY QUAY MANAGEME1 SERVICES COMPIINY LIAIITEO IA company limited by guarantee} YEAR ENDED 31 MARCH 2021 TRUSTEES. REPORT: LEGAL AND ADMINISTRATIVE STRUCTURE Cbprey IluayManagementServiCÈsCompyLIM1led isatharityregi8teredvMththe CharityctsmmissbL in England andWalesNo. 1166655, itobtsined itscharitable stattjs on 21 April 2016. Th8 Trusf5 gov•mingd0uJrnentsalls AeSofASso0ati0n. Th8 soleM8mberofthe companyisThe Land Resknralion Trust Limited (rhe LandTry$tl Th8 Companyoperalgswithin the same Polioesand PrrjcedusOfThe Land TnJsL The LandTrusioperates an Audi( Inveslmert Remuneration &HR and NominationsCommdEeethatrep0 kn the Trustsofthat Company. OSPREY qUAY MMAGEMENT SERVKES COMPANY LVAfTED DRECT(XiS The Directorsolthe companyar¢ its Twstees forlhe PuSe01¢0MPanyLaW8ndth10htsUtth1srePtsrta c0lbectivelyftrrj b as lh Trustees. Thè TnJste¢s who sewd Ihroughoutthe year.were Euan Hau. Paul(*Jerg and Alancarter. PRINCIPAL AND REGL8TEREO OFFICE 7 BiTchwood One Oewhur5tRoad Birch%vood Waryington WA3 7GB PROFESSIONAL IvISoRs The charitiesmainadvisorsarg= EXTERNAL AUDifoRS SafferyChampn&ssLLP 71 I¢nvIOrIa Strget London EC4V 46E soLoRs The Charity wilh The Land Trust operatesa frameworkagreemeniw various solicitor5. Firrns are la5koJ from lime kn tim• according ts th• ¢xpewti5e. BANKERS Barclays PIC 1st Floor 3 Hardman Street Spinningfidds Manchester. M3 3HF VESTIAENT MANAGERS CCLAlnveslmenlMana9emenlLb SenatorHouse 85 een Vicioria Street LondonEC4V4Er GoveRNANce AMD 141ANAGEMEtIT Trlee$- re¢ruitinent and ernolumonts r Tmstees have been Tecruited to providé the skblls awwj exp•fionce requir•d to govem the Chèrity. The TnJstees, ¢omprise tha Board of Ihe Company. did not re1Ve any mUnerab"On Irom Ihe Charityduring the perh)d.When recruitg Trustees are inducted by attendin9 workshops and other Iraining aar9ed by The Land Trust Travelling and sub52 èxpensesincurrod bythe Tiustees on Board businessarnounleij k)nil. The Tnjstees havèbènefiled Ifom Truste• indemnityinwrnnce ilwoug1utlQYeaf. The BoHrd Thè Boardusuallymeetsfourtimesa y•ar, ad00a13dtM+&th"ns0l Ihè Boardor Trusts•s tskè placeduiing the year. Key Personn•l The charity has no diredty employed stsff.TheTwstee5 acaas key rnanagerrentpersonneland an01Mnr3td.Orry 4ddiiional serificesprovided arethèpar•nt tharityand 50 all emplopoli0£sare 5etatGroup l&vel.
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIIAITED {A company limltrd by guarantrel YEAR ENDED 31 AIARCH 2021 STATEMENT OF TRUSTEES. RESPONSIBLMES Health and Safety Thè Board Considers Ihe health, safety and well-being of ¥olunleers. suppliers and visitors to our stes as a govemarKe priority. The Board is ultimat81y responsible for compliance wilh H8alth and Safety le9islabon. The day-to-day r85ponsibslity is delegated tolhe ChiefExecuts"¥e andlheoiredorof Portfolio Managemertof The LandTnJsL who aretoge1hersponwtle forcompliance, lÈVantpOl1CYe¥elopMentartd perfoma)ce. Duringlhe eourseoflhe yearthefe We no significantaeudentsorinadentsinvolvingvolunteers.eontractors, orvisitors to the te. All staff have completed trainin9 Seson$ outtinir9 heath an¢J safety SponsIblties of Ihe or9anisabon aTrJ the individualemdoyeesa5expr&ssed in the Health and Safetyatwork Act 1974.Th8 Trust has the systern5 in placeto 8nsu8 Ihese SPonsIblE1¢sarQ meLWe wilnug c4oselywilh ourrnana9ing agenttode¥elop robusland complen best practi. FanCial Rewtino TheTrustees Iwhoare alsoOire¢#orsof 05pY(JaYManageMeIser¥lC¢Sc0rrawLIm1ted Ithe puSes01CLWry Lawlare respon5ibleforpreparing theTrustees'Annual ReporL induding the Strategic Report and the finanaalsfaternents in accordance with applicable law and United Kingdom Accountsng Standards (United 'ngdorn Generally Accepbj AUnting Praclicel. Company lawqUiSe Trusteesto ppalInanc1aI slalemert5foreachfinantiaTyearwhith9tve a true and fairviewt Ihe slate of affairs of Ihe charitable company and the group and of Ihe inming resources and applicabon of resour including Ihe ino)me and expend1trJ. of the charilable companyand group forlhat period. kn ppann9 these finar£ial ¥fatements.thg Trustees are rèquiredlo.. S8lect5uitsbleaccounling policiesandth8n applythem oJn%stenly', observe Ihe methodsand principlesiftthe Charities StstsmentofRgcommend&J Pr8Clice ISOPPI., makejudgmentsandesbmate$lh2lare reasonable and prudent stste whether applicable UK Accounting Stsndard5 have been followed, subject to aThy material depar)J& disclosed and explained inlhefinancial stslements".and ppare thefinancial slaternts0n thegoing COnM basnIe$S1lIslapPrOpr0lebprt$umeIhatthechataI2 CAirnpanywillconlinue in business. The Tru¥toes are responblefOTensringWor8QUnti[¥Jr?¢ordSarekepEthaldi$dos¢Wi1h reason?bleactUraa1ty time the financial positionofthe charilablecomparyandlhtgroupand ¢nabl¢them bensur•that Ihe linantsal slatemerts complywiththe CornpanitrsAct2006. They ar8 a150 r85ponsble for safeguawding Ihe assets of the charilabje company and the group and hence for takry feasonablestepsforlhe prevenbon and¢etection offraudand other Iglarie5. OBJECTNES AHD ACTivmES The Charity's obj?ctslkn? Cl>j¢cts"larg spKlfI1IYstrdtr? the followin To prornote the nSerVatiOn. proterjion and improvemenlof tre phygcal and nabjral enVironmentane in OSpY ()Jayand insofaras maybetharitstAeattorfingto the lawsof EnglandandWal85 in otherpar15 01 th8 United Kingdom. PUBLIC BENEFIT A Charity is required to meetone Of m¢ye of Ihe pSIbed tharitsbltr purpose5 as sèt out in lh Chaiilies Act 2011. planning the Twsf s activities. Ihe Twstees have had gard to the Charity Commission's guidance IRR2 - Promoihjn Lrf Uftjan and Rural IWenerab"¢)nlon publi¢benefiL The public b•nefit li•s in Ihe provisi¢)n of land foro thaTilabl• wrp*Jsè either as a public amènity or in its presgrvaticn or nservation.
OSPREY QUAY MANAGEME SERVICES COMPAKI UMITED {A company limited by guarantee) YEAR ENDED 31 hlARCH 2021 STRATEGIC REPORT ACHIEVEMENTS AND PERFORMANCE A summary of Iht activitiès und•rlak•n by Ihe Trustduring the year and its achievements and perfomiance are setout Ih8 Chairman's Report. FINW4CIAL REVIEW Ov•r¥i•wand lftcorne The principal source ofincomeforlhecompanyin 202Cf21 wa5lnveslrtinCom.capIt2IreceIPts3rt invtsled logentr investmentincornewhich is used to coverthe cx)st ofmanaging 05prey8Y for publKbenefiL The Trust Ceved £nil cl site funL1ing in yeacended 31 March 202112019r20'.£nill. The Charities Investmentlncorneprovidesthe ong(Nrg rev8nuelolundth?CharilableActiwties. Duringlheyearinvestrn& incomewas£O.050m12019r20".£0.049m). Oue to the mlb"gaOThg adons pul in place by Ihe knvestrnent Committee. we were able lo avoid any Covid-19 impa¢tto investrnentintome. Following the lall in UnalISed lossesatthe en¢J of tre 2019f20FinancsalYeai of £0.047m.the rna (y)ndib'onshaveimprov¢d r¢sulbngin unreali5edgainsalthe end of the 2020121 FinancialYearo1£0295m. Modellingofthe investsnentin¢orne indKasthattheCharityshould ngthave aG)ing Concem iswJe andfurth?r5tep$ h been agreèd to ènsurnthis is Ihe case. OknerTradingActivilJ"es 1nJMefOrthe yearendin9 31st March2021 is £1.10012019r20..£5,6201. Expendbture Total 8xpendibJr8 in 2020121 wa5 £0.013m12019120.. £0.012m).This fypresents the expenditure in felation to Ihe Nood earyi8rat Osprey Quay. The Charity generated a nel inmIng sOUrce gJrplus (WO Gains & Losses on Investments) of £0.038m{2019. £0.043ml.The surplus istskèn ts theTwsfs r8sérv•sandlhose fUn¢Js¥lh restri("onsateheldto beapplied in accorda wilh the restrictions. Flnanclal Investrnent Policy al Performanc• The Charity'slnvestrnentpolicy is in line wilh Ihe knveslment Policyof its Mèmb•rlO)eLand Trusll, Ihis is rèviewed byTho Land Trus¢'$ Investment Cornmitteewhich sets outthe lOng4e inveslmentobjecbve5.These are 855entiallyto generats alèvèl of incometo meetitsrelated teePendItrJleh1stmèlfttain1lg1he long termpurchasiig poweTof capitaland r£rne againstinflation.The valuoof Ihe powffolio was£l.7m asat 31 March 2021131 March 2020.. £1.4rn1. FInala1 R•$•rvg$ The Trustees 8nsure that an adequate le¥el of reserv85 15 mainlained benable the CharKtyto manage linanc01 ri ensure lhe is suffioentfundrfj for1he19 terni linan(ing olsitemaintenanca When Ihe Charitytookon OSpY (Jjay. it commiltsd tokeeping Ihe sile opentolhe publicin perpettjityand ilmusttherg plan over Ihe long term. However. as incoming resourtes a mainly generated from lnvesknenlreM$. tre Charity is subject to the effects of short tem volablity in these ttIM5. The Charity ensures thal in the face of poientially volaI9 investrnentrebJms. adequate liquidfesourc•$ar•held tr) met5hortmi maintenancecosto)mmithrts. Expenditure on 05pr8y Quay 15 funded Ihugha combinationofSeNc8Chargesand invesbnenlincomegeneratJfK the inveslment ol site funding received on acquisitiorL Expendibjre 1$ carefulty plannèd nolto exceed availab18 fund4 example. iflnvestrnentincome Wet0ease,tht1e¥el ofexpenthbjtOhlch Ihe Charitycommitswouldalsodecr The Chafity monitorsits reserves, enabling itto maintain anarjequate le¥elof reser¥eslo cover aThy short terrn short fal n in¥8slmentincome. The Charity also reviews its central overhead commitrnerts both ensu they a commensurak Ihe needs of organisation and Ihe level of free reser¥esheld isadequale b) meetlheseobligal'ons. Followsngonfrom Ihe DesignalJ"on0fthe(*Y ()Jay General Funos. at the beginning oflhe 2018119 Financaal Year, the Charityno longerhas Free Reserves. The Trustees conderatthe5e destgnaled fund$amilar1OFw ReseThes as they havebeendesignaled forlhe s pUos0fthe managementofthè05prey 3Y silt. Th• Charity is byilding upits designaledlunds in case of a calasbophic eventat 0$pY f)Jay, such as the tlestru¢tionof the flood barrie¥followiTrJ a storm.As at 31sl March 2021 the le¥elofDe5ignaled Re5eThesis £0.17m12019r20..£0.14ml.
OSPREY QUAY MANAGEMEKf SERVICES COMPANY LIIAITED (A company limited by guarant••l YEAR ENDED 31 MARCH 2021 The Charityhas d¢arpoliLyeson resewvesandits designa"onoffunds.hawng reviewed thesg polioesin lightof Iha #ffèctof Covid- 19. The Tru51 consdernlhat Ihese poh¢iesremain approal83ndprOrI0rBte. Should the Charity take on further gtes in the United Kingdorn.the Trustees wouldreview Ihis designation olfunds.Curyentythere afe noplansforlh? Charityto lakè on anyfurtheisrtes. The Charity no longerhas Freè Rèsèrves as allthe General Fund$We desvJnatedatthe beginniThJof Ihg pr8viouslinantial year. The Tru51ees considesthal the desrgnabonoflhe fundsforthe benefitof the site protect5 these funds aThJ allows the moniesto be spent on the site. The Charityholdsreserves to be applied tofubJreacvities in a nufflbgrof categorie$: General Funds - these fundSD be usetl loranyof Ihe Chantystharilab purp058S Designated Funds - these funds. are oth¢Thvi5s unTrstricted. are eaaT by Ihe Trusleesfor Iho managernwrtof 05prey Quay. Resknctsd Funds - the58 fundsare appli•d to the variousspe¢ificpurposesinnded bythedonors Unrostrict•d Funds The$8 comprise Ihe G8neral Funds andoesignaled Funds. The Geno¥alFunds at31 March 2021 amounled k)£nil12019120..£nill. The Designated Fund5 at 31 March 20218mountedt £0.17m12019rio".£0.14m).This PsentsIndideSL9naIa4 Slte maintenance. Restrl¢tedFunds At 31 March 2021 the Re5kn'cted Funds arnounled to£1.71m12019r20:£1.41m).7hese fundsar8 invested in the Charitys longlelm discrets.onaryinvestrnentportlolio. R•lat•d Partl•$ These are the Twste8s and Member organi5ations and detsts of these tsnsadions a selout in Nok 17 under Rolatsd Party transactions. PLANS FOR FUTURE PERIODS The Charity'3 plan$lorfUr8p8riosare s•tout in the Chaim)an's Rewyl PRINCIPAL RISKS NO UNCERTAWTES The Charity's risk managemert pmcesses a deSnedl0 enablg Ihe Board, on the advice of the Audit Committoe wlw Jnsiders reports from the Land Trusys Director of Finance. tl condude whether Ihe major risks to which the Chanty is expose¢J have been idenb.fied and Vle(1.8ndsYSleffl$and PrdreShave b8èn estsblished tomitigate these risks. ThÈ Trust has CUrnY idenb.fied Ihe main risks as 'Papid Expansion I(er1rad1ng Failur8 ID deliver contracts for Larnj anagemenv. 'Failur8 to wovide sMce kn SeNice Chawe Custjms, and 'FaIlU to Klgntyly and mana98 a mai environmental issue,. Majof risks are Ihose which have a combined high irnand probablity of occurring and woul¢1 il they Ocojrd. a severe impaclon eith8rop8rational perforrnarteorachievemerfofpurpose andobjectives,orcould damagelhe Charitys reputation. The Trustees c4)ncenlrat8 their ellorts on ensuring that the most serious risks are being Managed effe¢tiKrf. These ar• reported regtslartykn the Board and are alsoCondeTed indelail pwi¢)dicallybytheAuditCornmittee. The Charity'sapproach address85 riskin a wi1J•nt0Xt, wilh emphasison styategic, environrnentalandoperabona risks n addition tothe mOfamIl¢raasQl1in¢Il risk5.CA)rnpliawwilhsfaI0ryreqvlTrntsènf1 intemal control procedure& The Charityasse5sesrisk intemsol its linanual and pu&l"011mpactandltsirnpèCton thedeliveryofits keyobj8clive& We are nfiden(trat0UT methodologyenabl85U5to idenbfyand manage Ihe majoinsksfacingtho Charity. STATEMENT AS TO DISCLOSIJRE OF INFORMAIK)N TO *AIDifoRS The Trustees have eonfimed thaLas faras they are aware. Ihere is no relevanlauditinforrnationofwhich theauditotsaTe unaware. Ea¢h oflhe Trustees has confirned thatthey havelakvn all Ihe steps thatthey oughtto havelaken as Trustees. in ordarto makethemSelvaw3TeofartY le¥antaUdrtlnfOM1alOnandb)es1ablI$hthal It has begn o)mmuntstèdtothe' auditots.
OSPREY QUAY MANAGEMEKf SERVICES COMPANY LNITED {A company Ilmlted by guarantee) YEAR ENDED 31 RCH 2021 AUDITORS A rB8dul)n b) YppOtS81ry (ny$slI w(W8ed attho AnnLMI Gen8ral Me& The Tnjsteas RW. wknith inthdestt Ditckns R•ixttl Str tythe Boardon 27th Awt2021 aTrl Jned on thoir L*half by.. Euan HAII Ch•lrn
OSPREY QUAY MANAGEME1 SERVICES COMPANY UMITED {A company limtted by guaranto•) YEAR ENDED 31 MARCH 2021 INDEPENDENT AUDITORS REPORT TO THE TRUSTEES AND MEMBERS OF OSPREY QUAY MANAGEMENT SERVICES LIMITED Opinion We have audited Ihe finanual statsments of Osprey Qjay Management Services Company Limited forthe year ended 31 Ma 2021 wttich comprise the Statement oi financial adJ"vibes, balance sheeL $12tement of Cash flows and notes to the finan(i statements. inCluding&gnificantaUntin9 poliries. Thefinanaal reporftThJframeworkthathas been apF4ied in Iheirpreparation applicable law and United Kingdom Ac¢ounb"ng Staftdards. including Finanoal Reporbng Standard 102, Ihe Financial Reportir¢J Standardapplicable in ihe UK and Republicof Irdand (United Kingdom G8n8rallYAcpIed Accounting Practice). In ouropinion Ihefinancialstatements.. yive a true and fairviewollhe ¢haritsble mpan15S1atrof aflair5asat31 March 2021 and of its ints)ming fesourcesarnj applicationof r850urcés,including itsincomeandoxpendibJffj.forlheyearihen ended.. have been propèrfyprepa in ac¢xJrdan¢e United lQn9dom cnera1tyAptedACC£)unting Practice. arKI have been prepared in accordancewilh the CompaniesAct2006. 8asisf4Y Wmnion We eondueted OUT audit in accordance with International Stsndards on Audiling (UK} IISAS {UKII and 8pplieable law. Our responsibilitiesunderlhose 5tsndard5 are futherdescribed in the AUdit0S Tesponybllib"l0rthe auditof the financial ststemwts section of oUTpOrt. We are indepenoentofthechantablecomparyin 8ccor(Jancewith theethical reqvirementsthatare relevantto our audit of ihe finanoal slatements in the UK, induding the FRC'S Ethical Stsndard. anL1 we have fulfilled our olher ethical responsibilib.es in accordanr£ with these r8quirtm•nts. Wé bèliev• that lh audit evidènce we have oblained is sufficlent aTrJ appropriate to provide a basis forour opinion. eoneluslons relating t• gomig ¢uK•rn In audib"nglhe finanoal ststernen15.we hav8condudedthallhe1rn51ee5' U5eof Ihe goingconcem ba%sof a¢xounb"ng in Ihe preparaiitin of the finanthal stsiementsisappropriak. Based on Ihe work we have perforned. we have not identified any m8ri81 unc8rtAinties relating lo events or conditions Ihat, individyallyor¢olle¢tiv¢ly. rnaycasl 5ignrficanldoubton the charrtable companlsabibtyloc4)ntinue as a goin9 con¢¢mfor a pericd of at leaslfvlelve monlhsfrom when Ih8finanaal stslementsare aulhIs+d lorissue. ()Jr responsitAlifjesandthe re3ponsibillliesollh8trustètswith resped b) gtsingeoncm arèdèscribed In Ihe le¥antSeCO.on$OI Ihis raport. Oth•r ihtsmation The trustees are responsiblefortheotherinfonnaboThTheolherinfomatson¢omprsesthe inftsmwb"onincludd in the annual report olherth8n the financsalststemertsand OuraudltorfswthereOn. (Jjropinion on Ihefinanual stat8m8rtsdoesnotCOV8Tthe oth infornabonand. eXpt lo Ih exlent otheThvise explioly sialed in ourreport we do not express any form ol assurance concla Ihereon. Our SPonbltyiSto Ihe olher infonTration and.indotng so. Qytsiderwhelherlhe olher infoThation 15 malwiallyineonsisknl with the financial stalemertsorour knowledgeijbtained inthecoutseofthe audit or01he1se appearslo be maieriallymisstated. we tdentifysuth matsrial inconsis18nciesorapparent mat81ial misst2temerts.w8 arè required ks detèm)inewhetherthis gives rise to a material mis5ts18mentin the finanoal slalementsthemselves. K. basedonlhe wolk we have perfomi ed,we conclude thatthe is a matsfial misststeM1ofthis0lh¢r infonnationwe are requir8dlorewJrtthat fa( We have nolhing reportin this regard. Oplnknns on otrr matter$pr¢scrknedby the CThnpankn5 Act 2006 In ouropinion. basedonb)e WO undertaken inthè Ix>ursÈof Ihe audit Ihe inlomab.on givenin the Truslees. Annual Report whichincludes the Directt)r5' Fport and Ihe Strategic Report for Ihe nancal yearforwhi¢h thefinanoal Ststsmentsare Ppad isconsistentwritt) Ihe finantial statemgnts."and the Trustees, Annual Reportwhth indudeslhe Dir*ck)rs' Reportand the Strategic Reporthasbeen Ppad in accord with applicable legalQuIements.
OSPREY QUAY MANAGEIAENT SERVICES COMPANY LIMITED (A company limited by gu¥antse) YEAR ENDED 31 MARCH 2021 att•rsim whkh w• ar• reqwtd to f•pxt ty •x¢epl# In the lightofthe knowledge and understanding oflhetharitsble )Mp•yand its•nronMentobtsin8 inthecourse ollhe audiL w• havè not identified material rni5StaternentsintheTwu5tee5' P4)nual Repo We have nothingkn reportin respertofthe ftsllowing matterswheretheC0mnACl2o06 requiresusk) reportto you if. in ¢wr opinion: dequa18aecounting recofdsha¥e not been kepL or tyrn$ adequatefor0uraud1th8 NOtbèanf8c8¥vedffom branc$ not visiled by us: or the finanrAal slatementsarenotin agreementTthh iheaccoJnb"ng e0rd$andreIrnS.' or ¢ertaindisdosuresoftrustees' remunerab.on speofied bylawarenotmade.'or we have nol ceIVed011 the infornalion andexplanon5werequireforourauditor the truste85 were not enb"lJe¢J lo ppa Ihe financial stskmerts in ac(X)rdan with the small COMpanS regime aThl b take advantsge ofthe small wmpani&8xernplion in preparing theTntses'Annual Reportand the Strategic Report. Rtsponslknlit$ of tru$t¢g9 As explained morè lully in Ihè TnJstees' Responsibilities Ststementset out on page 7. Ihe InJstee8 (who are a150 dirèctors of thè charil3b18 companylorlhe purposes of ujmtony lawl are respon5bleforthe preparation tsf Ihe financial statements and lor bro sabsfied that they giv8 a trua and fairview. and for suth inlemal o)ntrol as the trustees detennine 15 necessary t enabbe b preparats.on of linanual stalementslhatare freefrom maierial mi55tatemertwhetherdueto fraud or error. In preparing the finantaal ststements. ihe trustees a spOnsIble lorassessing the charilable rxsmpany¥ ability to conlinu8 as 8 goin9 concern. disclosing. as appli4, matters related lo going concem and using Ihe going COnM basis ol accourng un& Ihe trustees eithef intend to bquidate thecharitable companyof to ceaseoperabons.or haveno realisticalternab.veto ¢Jo 50. Audttor's responsibltleS for th• audit of the fm•n¢ial ststements We have beenappointed asauditorsunderlheCompanieskA2006and reFOrtin aoordancewith regulalionsmade undwthatAct. ()Jr objectives a to obtsin 8$onable assurance about whether Ihe finaneTal slatements as a whole a free from material rnisslaiernent, whether due to ffaud or error. and to issue an audilorfs reportlhal indude5 our opinion. RBasonabkn assuraTTh s a high level of 8SSLtrance, but 15 not a guarantse that an audit conducied in actordance wilh ISAS IUKI will alway5 d8t8Cta m8irl mis5talement when il e$1$. Misslalements can arise frorn fraud or effor and are considered material if. individually or in th2 aggregale. they ¢oul¢J rsason&bly be expe(xed to influence the ecorKJmK derisicn50f usw5 taken lh8 basis of th&sè finano staiements. Irr•gularitie$. induding fraud. ar8 instAnces of non<ompliwc• with laws and gUlationS. We de9n procedures in line with o responsibilith"es.oulJined abot0detect material misStat8rnertsin re5P8Llof irregulanties.indudinglraudThe specifi ¢procedu lorthis en9agementand the 8xt8nt to whichthese a capableof detecting irregularilies, indudir¥J fraudaredetailedbeEow. Identifying and assessing risksrolat•d to irnegularibes". We assessed the susceptibilityofthe charitablecompanlsfinarKialststementstomaÈrial m$$tsiementand howfraudrnigm occ, including ihrough discussionswilh Ihe trustees and managemertdisojsgonswilhinouraudil team planning rneeljng. updabng wr record of inlemal CntrOlsand ensuring these conlro150perated as inlende¢J.We evaluated possible in¢entivesand opporlunki&%for fraudulenlman1pLlali ol ihe Iinanoal statements. We identified laws and re9ulationsthat are of gnifICance in the context of charitable company by d¢scusgons wilh u5tees and managementand updalj.ng our understsnding of the sector in whith the charilablecompanyopernÈs. Lawsand ffjgvlationsofdirectsignlfir(ejntheconleXI0Ithe charilable•MpanYinCIJd8 TheComFonesAct2006, and gutd issued by Ih8 Ch&comMISSIOn10rEgIand and Wales. Audit responseto iisks identifiéd.. We considered the extent ol Complian with these laws and regulation5 as part ol our audit procedures on the related f inanlial slatementitems induding a reviewoffinanoalslatementdisdosures.we reviewed the antsbr&mp8ny'Sr@rdsol breach850f laws and regulations. minutesof meebngsandcoffespondencewilhrelevanlaulhoriliesto idenb"fypotents"al materi3 I misststema arising.we discussed the charitablecompany'spolitsesandpro¢edusforcomph"an¢e1kn lawsand re9ulationswith memberJ of managementSponSiLef0r¢ornplnCe. During ihe planning meeting Ihe au¢Jit ream. Ihg enga9¢m?rtparkner dr attention ) Ihg key arga5 whith mighlinvolvenon- compliance witt) laws and gUlationS or fraud. W8 &nquired of managemtntwhether theYWe awa of any instances ol non- Ixjrnpliance with lawsand reguktionsorknoylojgeof anyacbJal.suspectedoralleged fraj.We3ddre$$ed Ihe riskof fraud th Management override of controls by tesbn9 the appTopriètene5s of Journal enknes and idenb.fymg any signif¢ant transactions ihat were unusual or outside the nomial course of business.we assessed whetherjudgemwts made in making accounbng ¢$bm gavè ris8 tr) a possbleindicats.0nofmagentb1a$.AtIherXlmpleti0n9go1lhe8udILthe ?ngagemenlpathersreview indLth ensuring that the team had approached theirWO with appropiiale ProfeOnal $PtiCISM and Ihus the capacity to idenbfy non- ompliancewith lawsand re9ulation5and fravd. 10
OSPREY QUAY MAPIAGEMENT SERVICES COMPANY LIMITED IA company limltèd by guaranl•el YEAR ENDED 31 MARCH 2021 There are inherent lirnitations in the audit procèdur8s desuibed above and Ihe lurlher removed non-cgrnplonce with laws aTrJ regulationstsfrom Iheevents and transactionsrefie¢led inlhe financialstaternents.the less liketywe would bec0rneawa of it. Also. the risk of notdetects.ng a matenal misslaternentduekn Iraud ishigherlhanlhe rfsk ol not detectsng one resultingf rom erroi,as fraud may involve deliberateconcealmertby.lore¥ample.forgeryorintents"onalmisrewesertatrons.orthrough collusion. A furtherdescriplson of our r8sponsibilitiesisavailableon the nar141R8porng Coun¢il'$w¢bsilèSt c&t1ieS.Th1sthUip•onfOspartQf0yr auditorfsrgporl Useof our reFXt This reportls made solelytolhechaniablecornpary'sm8rt>ers,asabody. in30rd3ce Chaptef3 olPart16 oflh8Corn t Aci 2006. Our audilwork has been undertakenso thaiwè mightstste to Ihe Chanble company's membwslhosemèttèrs w• are quir8d to state to them in an auditorf5reportand forno other Pu058. To Ihe full8Stextent perrnitttd by law, wè ¢Jo not acceptor assumeresponsbilitytoanyoneother than the tharitsble companyand Ihe¢hanIabCOmpany,$MeMrs85• body. lorour au(J% work. forlhis reporL orforlhe opinionswehave lonned. Cara Turb"ngton ISeniorStattJiory Auditor forand on bèhalfofSaffèryChampntssLLP CharteredA¢¢ounta• 71 lknenVkt*xh Strt•l EC4V48E Statutwi Audttors - 6 CLkU- 2021 SafferyChampnessLLPiseligible to act as an audiknrintewm50f secborb 1212of Ihe CompaniesAd2006
OSPREY QUAY MANAGEME SERVICES COMPANY LIMITED (A ¢ompany limited by guaiantee) YEAR ENDED 31 IIARCH 2021 STATEMENT OF FINW4CL•L ACTlVtrEs YEAR ENDED 31 MARCH 2021 Y•arEnded 31103rd021 Year EThhd 31A)312020 Fd Fw In¢om• from: Olher Tradin9A¢tivities Si¢e Funding Invesknents Tt)tal Income 1,100 1.100 5.620 SO,271 51.371 50.271 51.371 49.286 54.906 Expendltwe Jn: Raising Funds CharitableActivities Totsl expenditure 13,119 13.119 13.119 13.119 12,156 12.156 Netgainlloss•s0n invesb7)ents 294.755 294.755 {46,6421 Corporaty"onTa¥ Net Income4expenthture) 38252 294.755 333,007 130921 Translers Net r¥lov•m•rtin funds 38.2$2 294.7S5 333.007 13M921 ReconclliatM of Fund5 Tol31 Funds broughtlorwarTJ Totsl Fund5 carrled forwaTd 135.514 173,7fj6 1.411,232 1,705.987 1,546,746 1.879.753 1.550,638 1.546.746 12 The Charityhas no r•eognis&dgainsorlossesoihei Ihan as slated inthe Ststementof Financial Aclivities. Hlslorical comparab16sare showninNote 18. 12
OSPREY QUAY MANAGEMEpff SERVICES COMPANY UMITED IA ¢rMnpany Ilmlted by guaranteo) YEAR ENDED 31 MARCH 2021 BALANCE SHEET AS AT 31 MARCH 1021 31102021 3110312020 Flxed As••ts T8nglN& 8888ts In¥e81men18 Total Flx4d Assots i.rL1.136 1.721,137 1.426,381 1,426,382 Curront A888ts 12.898 152,497 185.195 14.583 110,108 14091 Cash In bank and In hwKI Total CunrtAs8•ts u4AiItI•B credito f811ing due orw yaar io {8.579) 14,3271 Not CumtABset• 1616 120.3 Tolal Not A•80ts q.879.753 1,546.746 Tho funds of th• chuw. Restrkled Fund Unrgstridad FuThlg Total Charltyfunds 12 12 1,705 173. 1,879,753 1.411232 135.514 1,548,746 12 Th8 dal 6tatwnenl¥*r• apprOd byth• artl¥JIi fvxls0n 27• Aw5120210Th15MJrtI Ils b8hairty.' Euan Hall Tw$te8 13
OSPREY QUAY MANAGEME1 SERVICES COPAPANY LIMITEO IA ¢ompany limited by guarantee) YEAR ENDED 31 MARCH 2021 STATEMENT OF CASH FLOWS Y8arEndod 31103r2021 Year Ended 31M3121120 Net cashpro¥id•d by (ed Inl oper8tii¥J actr4ii*S 13 17,8821 17.6211 Ca$hflow$ from Inv¢stlng actfvlli•s: Divid8nd5. interestand rents from investsnents Purchase of investrnents 50,271 49,286 Purchase ofTangible Assets Proceedslrom saleof inveslrnents Net ¢ashused in imi•stirvJ #ctl¥Stle$ SO271 49,286 Cash flows from financing activities: Additionsto &'te lunding N•t¢ashprovithd by ffin•n¢trg a¢lr41tlès ChawvJe cash and eash•wNalMts In the rep¢¥liry perKxl 42,389 41,665 Cash and cashequivalènts at Ihe beginningofthe reporhng period Cash and ca$hequivalgnts atthe endof kne ropoffjng period 110.108 152.497 66.443 110.108 ettan In ¢a$h and ¢ash•qulvalents In the r•p¢xtir¥J peTiod 42 J89 41.665 14
OSPREY QUAY 141ANAGEMEt4T SERVICES COPAPANY LIMITED IA company limited by guarante•) YEAR ENDED 31 MARCH 2021 NOTES TO THE CONSOUDATED Flhl>J4CIIL STATEMENTS ACCOUNTING pOL£S. 0$pYau#Y ManagemenlServicesCorrtparyLimited isatharityregisteredwith lh8 CharitycommiC in England and Wales No. 1166655. ifs r8gsstered addressis 7 Birthwc4xlCm•. Dewhurstfvjad, Birthwo¢)d, Warringion,WA3 7GB The principal accounlng policies adopted. Judgomwtsand key sourcès ot esfimation vncertainty in Ih? preparalion of th8 fin8naalst2tementsareasfolh)ws'. BASIS OF PREPARATK)N AND SSESSMENT G(XMG COMCERH The financial ststements have been prepared in aCrdance with Accgunbng and Rèpoiting by Charities.. Ststemenl of RecomrneTrded Practi£eapplicletoeharitiespreparingtheiracmintsin aordan11h the Financial Reporbng sfanda applicable inble UKand Repvblcof Ireland IFRS 102115econd editsth}-IChartesSORP IFFIS 10211.the Financial Repoffjng Standard applicable inthe UK antj Republicol kelan¢Y IFRS 1021 andthe CompaniesAc12006. Thg trust constibjtesa publicbenefitenlity as defined byFPS 102. Tho Trust hasa clearfocu50nmana9ing I&stsand.0rhJng wilhin itsappetiknforrisk,5e•ksto generate max1ThrnIe from its inve51rnentportrdio. We wnlinueto reviewand preparelong temi 10¢8$tsand proiect"onsto showlhat The proj&cled incomefrom each endowmertand sitefund is suffiaenltorn8etits expectedoperating costs and The contribution margineame(J from the Managnt of Ihese siies. plu5 the Disengagemert Gran[ is sufficientto meet central $ts suth that Ihe Trust nerawill equate W0"n9 Capital b) mainl1nan1ty$uS18lnabIe in the long t8m. Th? Tru5t8es hav•therelor•¢ontinuedto adoptlhe fyJingC0nrn bagssn Pparing1heannal Financial Statement5. The Directors of 0$pY Qjay managemertserv1s Limited have assessed the impact of Covid-19 on Ihe comparfs business andresults. INCOME All incomèisre¢ognisedoncelhe Trust has entillernentlo Ihe irKomo. iti$ probablg thaithè incomewill be recivedand Ihe amountol incom8receivablecan bemeasured lIalty. Interest on fund5 held on depositis a(twed anLI Ihe amountcan be MeaSud reliab by the chaiity.. thi5 is norrnalty L4 notilicab"onofthe Inlerestpayablebylhebank.Didents8[reLyJgnIsaS0c8 Ihe dij has been deckndaDd notilra hasbeen received olthe didend due_This is nom)allyupon notsfration by0urlnveslmertadso¥tr1ihedI¥SdÈnYield of 0 investrnentporffolio. DONATED sERVE5 W40 FACILtrEs Oonatsd professionalseryices and donated faoll.res a recognised as inco when Ihe charity ha5 control over th item, any conditionsassociafedwith the donated item havè been meL the receiptol economicbeneh"tfrom Ihe use by the charity 01 Ihe itèm is probable an¢ Ihat economic nefi1¢an be measured reliably. kn accordance wilh Ihe charib.es SORP IFRS 1021. the 9enwal volunteer b.me 15 not recognised and refer In the tru51ees' annual pOrt10r more infom)ats"on about thew conlributson. On receipL donated pressIOnal seNces and donated facilib afg 9)gnISed on the basis of thè value of the gift b) the charity which is the amountthe tharitywould have been willing b pay b oblain seM¢es or facilitiesof equivalenlewmmic benèfiton the open martec a corresponding afflojntis then r¢cTrJnised Inexpendire in the peiiod 01Ctipt. INVESThIENT INCOME vestrnentlncome isfe(wnised on a T1Vable basi& EXPENOtniRE Liabilities8fecO9n1sed as reSouf¢esexpend3ssQon aS1he v4 a legalorconstruetive obligatitineommrtbngtheTrustto Ihal expenditrjre. Expendibjre Is rtwni5ed when. and tr) the ethnt thaL a liability is incurre4J or Inueases wilhoul a (xlrnrnensurate increase in COgnised assets or decreasein liabilibes.AIexpendire 15 ac¢ounl8dforon an acerua Is basis and is clas&fied under apprcpriaie headir¥Js Ihataggregat8 all co515 relating to Ihe tategory. hecoverable VAT is charpj a9ainstthe categoryof resoufcsey4)ent1ed foiwhthilwas inuJry8d. CHARrrA8LE EXPENDrruRE Charitable eXpendIre indudes all expendity assoriate(I with the TnJ5f5 tharitable èctivsties, induding support costs. Supportwsts indudecentral offti furt"onssuch asgeneraIManagn(flnar8ndaccounIIng. ITand human resow 15
OSPREY QUAY MA14AGEMENT SERVICES COMPANY LIIAITED company limited by guarantsel YEAR ENDED 31 MARCH 2021 OThER EXPENDrruRE OtheT eXpendibJrep$entsthQse1Iemsnotf0ll1n9 inbanyolher heading. TANGBLE AXED A&WS Tangiblefixedassets a Sta athist¥ricalcosL Freehold land ts notdeprecaad. FiXED ASSET INVESThIE14TS Inve51rnents are stsle(l almarkel¥alueat Ihe balancesheetdale. DEBTORS Trade and other debtor5 are recognised at the 5elllementamountdue after any trade dis¢ountoffered. Prepayments &B valued at the amountprepald netofany trade discountsdue. CASH AT BANK AMD W HW40 Cash atbankand cash in hand inctudescash and shorttenn highlyliquid invesimentswilh a short matr4rityof l)r•e months or less frorn thedate ofa¢quisits"on oropeningof Ihe depotorsimilaraccovnL CREDoRs AJ4D PROVISIONS C1101$and proS1on$a[eCoi wherethe tharityhasa presentob1vjati¢ resultirYJfrom a pasteventthatwill probabty resultin Ihe tran5ferof lund5toaViird partyand the amountduelo setuetre obligatson can be measurèj orestimatedr8llab. Creditorsand prowslonsare normallyrecognisetl aitheirseiuemeniamountalteralk)w"ngforanylradg dis¢ountsdu¢. FINAI4CL4L INSTRUMENTS The trust only has finanoalassets and finanoal liabillbesofa kn"n¢J thai qualifyas basi¢ finanoal instruments.8asicfi naThl instrumenls are initialty recogntS8d al tran5aclyon value and subsequenoy Measu at Iheir setdement value with the exc8ption olbank thnswhith aTe stjbsequentyrneasuredatamorbsed $tU51ng lh8 effectivtr intèrestmothod. LEASING ¢(MMIeNTs Rentals paid underoperaling1gase$ar8 char98d b Ihe slalern8ntof financialacb"wb"e50v8rth•lifeof Ihe lease. GAWS AJ40 LOSSES ON WVESTIAENTS AJI gainsand lossesar¥laken b Ihe StstementolFffianthalAthilesaslhoyarise. Falised 98Sand losseson investmwts a ealoJlated as the difference bets4een sales proceedsand Iheiropening L¥[rn9valUe ortheir purchasevalue if acquir&J subsequenllo Ihe fir5tdayoflhe linancialyeaf.Unrealisedgains and losses are calculated asth8difference beh¥e8n iheF&"r value at Ihe year end and their value. Realised and unrealtsed invesknent gains and losses are combined in the Sta¢emenlof FinancialAcli¥ili85. FUNDS STRUCTURE Funds held by Ih8 group afe". unSIrICtgen8ra1fUftds These are fund5which can be u¥8d in acwrdancewilhlhg chartiableobjecisat Ihe disuelionof Ihe Trustee5. Designgtedfunds These fd5have been earnarked0utolunrriCled lunds bythe Trustses forspeufic purposes. ReStrictedndS . These arelundslhatcanontybeusedforp8rbcularreslrrdedpufpose5¥Mlhin Iheobj8dsollhe Trust Res¢n"ctions arise w specified bylhe donororwhen fundsar• raisedfor partit>Jlarrestrided puwjses. CORPORATION TAX O$pr¢y Quay Mana9emertSwvices Company Limile4 as a regists¥ed charity is exemptfrom Cowration Tax under the Corporatson TaxAct 2010 lthaptets 2 and 3 of pafl it, sedion 466 onwards) or sects.on 256 of Ihe Taxation lor Chargea4e Gains Act 1992, to the extenllhat surplusesareappliedb) Its Charitab purposes. 16
OSPREY QUAY mANAGEMETr SERVICES COMPANY LIMITED IA ¢ompany limited by guarantse) YEAR ENDEO 31 UARCH 2021 OTHER TRADWG ACTMTIES.. Unrestrlcted Funds Re$tri¢t•d Fund5 YearEnded 3110312021 Sitè Activile Miscellaneous Incorné 1.100 1.100 Tilal 1.100 Ino)mglrorn site 8¢tivilesr8lates to licenceféo$for¢v¢nts hgldatosprey ay. Miseellaneousincome represenlssernce Chae1nmeffrDfflthe managanenloflhe S¢eCharge site. INCCthIE FROM WVESThIENTS: Uw•strl¢t•d Fd5 R•stri¢td Fund5 Year Ended 3110312021 kntsrest IntefeSt& Dimdendsfrom knvestrnents 50271 50271 50.271 50.271 Y•arEnded 31103r20 49286 49.286 Historical compaTable5are shown in Note 18. TRUSTEES, REMUMERATKIN: Expensès daimed by Ihtr Trustees in 2020r21 fotyiied £nil12019r20: £nill. The Tfustees ceiVed remunerabon in 2020r21 12079r20'.£nlll. 17
OSPREY QUAY MANAGEMENT SERVICES COMPANY LllJllTED (A company limited by guarantee) YEAR ENDED 31 MARCH 2021 ANALYSIS OF EXPENDITURE: Basls ol Ralstr FuThts Char•bl Cxher Y•arEnd•d 31K13R021 Costs dire Sile Maintenance Direct 2.123 2.123 Ents Dire¢1 Insurance Legal& Professional Audit & Accountan¢yle Irre¢overableVAT Dited 1.763 1.876 1.763 1.876 Diwd Di Mana98mentFees Dired 7.000 rttosts all es Gtneral njnning costs matheb.ng location 357 35T Allotion 13.119 13.119 Urrestricted F1 Restricted Funds Y•arEndtd Year EwMt•d 31m3ra1 Raising Funds CharitableActivibes 13,119 13.119 13,119 13,119 Total Exnd¢luT• YearEndod 31103r20 Raising Funds ChariiableNxb"vits"es 12.156 12.156 12,156 12,156 Total EXpe•ilur• Basis ol Allocation Cost allocation includes an elerntof judgernent #nd Ihe Tnjst has had kn cot)sdw the o)sl'. benefitof detsiled calculabon5 record keeping.eases forcalrjjlation include.. Spethficcosts have been attfibuted where possiblg Overheadshavebeen allocated b) siteson the basisset outinlh• indi¥idualfundingagrwn•nts Other costs have been allocated based on manageMles1jmales0f usa98 Osprey aY ManageMentSerV$c0mpaLiMIkd hasnodiredlyemployed slaff. Historieale0mpar8blesa shown in Note 18. CORPORATION TAX The mainactivityof the Charityis ts pro¥idedwnlab1eacbAtses.Ihefonorp0ration laxi$ payableonany $urplu$from thes• 18
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A ¢ompany limited by guarantee) YEAR ENDED 31 MARCH 2021 NET INCOMEIEXPENDMJRE: Year EThJ8d 3110312021 YearEnded 31K13f2020 This Is stated aft8rcharging". ' Remuneration ExtemalAudityrs Currentyear AuditFee$ 1.875 1,825 FiXED ASSET INVESTMENTS: YoarEnd•d 31K13r2021 Y•ar End•d 31m3r2020 Mark•IVal as at 1st 1.426.381 1.473,023 Addiiions Disposals Net in¥estrnentRealised & Unrealised G?o$se$l Marketvalue as at 31stMarch 2021 294.755 1.721,136 146,6421 1826,381 YearEThled 31103f4021 Y•arEnded 31103r2021 Yeaiended 3110312020 Y¢arEnded 31103r2020 UK l>•¢rs¢a$ UK Ov•rs•as Investrmentsrepresented by. ted Baland Funds 1.721.136 1.426.381 1.721.136 1.426.381 Investrnentsare held prim8ri1ybJ Pfovideinv•sbn•ntincomebmanageand mairtain th• chorityssrtes. The fixed asselinvestrnenLs are held in rnana3edlunds andmwaW byCCLA, howeverwithinlhi5 Balanced Fund the ShahC1thng a ¢Jiversified tominimiseanyii$ks.The historicst ofthe InStrents8saI 31 * March2021 was £1.3m12019r20..£1.3rn1, ba*1 on a weighted aVerageICula0n. 19
OSPREY QUAY MANAGEMEKf SERVICES COhlPANY LIIAITED IA company limitsd by guafantee) YEAR ENDED 31 MARCH 2021 DE8TORS: Year Ended 31103rd021 YearEnded 31103r2020 Amountsfallin9 duèwithin one year. rrade Rèceivables 1.920 Amountsowed Irom 0p Undertakings Pfepaymeftls&A¢crued Income 12.698 12,663 12.698 14,583 10 CREDITORS: Y•arendÈd 31+Y1312021 YearEnded 31103r2020 Amountslalling duewithinoneyear. Tradg Credito¥s 2.446 $09 Amountsowed to Group Undertaknngs ctsrporab.on Tax Accruals& Deferred In¢xJme 837 3.625 6.579 3.489 4,327 11 ANALYS15 OF MASsETs BETWEEN FUNDS.. Umeslricted Funds Re5trict•d Funds Total Funds 31103r2021 Tangible Fixed Assets Investrn8nts Ifsxed and currènt) CurrentAssets 1.721.138 1.721.136 180.344 16.5791 173,766 115.1481 165.196 CurrentLiabiliti•s 16,5791 1.879.753 1.705987 Historical compavablesare shown in Nole 18. 20
OSPREY QUAY mANAGemEP SERVICES COMPA14Y LIAIITED
(A company limited by guarantee)
YEAR EPXIEO 31 MARCH 2021
12
ANALYSIS OF CHARITABLE FUNOS:
Balanceat
313tO
kn¢•mt Expenthtur• Transfv
Galns I
IL05s•sI
Batanceat
31103nl
Re$trfctedFunds
1.411,232
294.755
1.705,987
UnrestrictedFunds
D•$lgn•ted Fund5
General Funds
135,514
51.371
113.1191
173,766
1.546.746
51.371
294,755
1,879.753
RestrktedFunds
Cerlain land agreemenlshave re51rictionson the ewndTbJofanYIncomeThIchIs 9arnedffom Iheinvestedcapitsl. The in(ryne
can be ud 0y mainlain Ihgsit•s noted inlh8 agreements.
G•n¢ral Funds
The ganèral funflscanbeused in acuydancewith the ¢haritableobjecb"vesatkne disue11Ofthe Twstees.
D•signaled lunds
These fundshave been garmarkedoutof un$trI[fYnsbY Trustees forspe¢ifiCpurpo$.
Historical¢omparabltsare shown in Not• 18.
13
NOTES TO THE STATEMENT OF CASH FLOWS:
YearEnded
31103rd021
Y•ar End¢J
31103r2020
Roconcllhtlon of n•t kn¢
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limited by guarantee) YEAR ENDED 31 MARCH 2021 15 GUARANTEE COMPIIY JID LiIBufY OF MEMBERS: (PreY auay Manag&mentSeNces coMY Limited 15 a company limited by guaranl8è and Iher8f¢ye does not have any sh apitAI. The liabilTrtyol Mtrmbersis limited. In the eventol the companybeingwound upduringa Memberfsp?riod ol membetshiporwit oneyear afteards, an amountnotexceeding the SLtm 01£10 rnaybe requId from thatmemberlowardsthepayrnenlollhe debts and liabilits"èsollhe cornpanyincurredbefore memberslipceased. As al 31 Marth 2021,th8 companyhad onel•lemberl31 Marth 2020:onel. 16 CAPITAL COMMITMENTS: There We Tro capitsl ¢xJmmitrnentsat31sI Marth 2021 12019r20.'£nill. 17 RELATED PARTr TRNSACTK)P4S: The Charity hasconsidered lh8 disc105urerequitemen150flh8 Slalem8ntofRecommended Practic• lorcharitiesand beltev85that the relaled paty transa¢bon$madeonan arm'slength bas15we£nlI(2019I20..£nI1). 18 COMPPJUBLES FROM PREVIOUS MAMCIAL YEAR: STATEMENT OF FWANCL4L ACThIITES YEAR ENDED 31 MARCH 2020 Note Unr•stri¢tthl Fd5 Restrict•d Year Endèd 31A)312020 Year Endgd 31A13r2019 In¢7 frt)m: Olhaf Trading Actili•S S.620 5.620 Slie Funding Investrnents 49286 49286 48,372 Total In¢ome 54.906 54.906 48,372 EXndIt0 on: Fl2isin9 Funds Chari12bleActivites 12,156 12.156 9.074 Total gxpendltwe 12.156 12,156 9.074 NetgainLos$8S)0n Inveslments {46.6421 {46.642} 107.733 CorpofaJonTax Ngt IoM•eXndrtur*I 42.7 (46.6421 I392) 147,031 Transfers Net Ilo¥èm•ntkn lunds 42.750 {46.6421 13,8921 147,031 Reconcillatlon of Funds Total Funds broughtloward To¢al Funds Carrled fryward 92.764 135.514 1,457,874 1,411232 1,550,638 1,$46,T46 1,403.607 1.550.638 12 22
OSPREY QUAY MAMGEMENT SERVICES COMPANY LIMITED {A cgmpany limited by guarantee) YEAR ENDED 31 MARCH 2021 INCOME FROM IMVESTMENTS Umstrkted Fund5 Restrlcted Fund5 YgarEnded 31103r2020 Bank Interest Interest& Divi¢Jendsfrom Invlments 49283 49.283 49286 49.286 NALYSIS OF NET A8SEfs BEIWEEN FUNDS: UstrIcted Funds Restrktfjd Funds Total Fund$ 31103r2020 Tangible FixgdA5sets Investrnonts Ifixedandcurrènti CurrentAssets 1,426,361 {15,1491 1.426.381 124,691 14.3271 1,546.746 139.840 14,327) 135.514 CurrentLiabilities 1811,232 ANALYSIS OF CHARLE FUNDS: Balanceat 31A)3119 Gah i ILoss*$l Balanc•at 31M13r20 R•$trictedFuf 1.457074 {46ffi421 1,411,232 UnrestrretedFunds Designated Funds General Fd$ 92.764 54.906 112,1561 13S,514 1.550.638 54.906 112.1561 146.6421 1.$46,746 23
OSPREY QUAY MANAGEMEMT SERVICES COMPANY LIMITED company limited by guarantee} YEAR ENDED 31 MARCH 2021 ANALYSIS EXPENDITURE Ba$1501 Raisi CharitaL thvi¢ws YearEred 3110312020 Site Maint8nanc8 01ct Events 120 120 Insurance Direct Legal & Professional Audit& Ac¢ountsncyfees IrrecoverableVAT ManagementFe95 DI¢t 1.450 1.825 1.450 1.825 Oirect Direct Diffjct 8.489 8,489 ortcosts allocated knactimlllies G•n•raltwnnlngcosts Mawkebng 273 273 Jlocats"¢)n 12.156 12.156 24