Registered Company No 9689992 Regl8tered Charity No 1166655 OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMED (A company limlted by guarant88) YEAR ENDED 31 MARCH 2023 CONTENTS PAGE CHAIRMANS REPORT TRUSTEES, REPORT INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES AND MEMBERS OF OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVITIES 12 BALANCE SHEET 13 STATEMENT OF CASH FLOWS 14 NOTES TO THE FINANCIAL STATEMENTS 15 GOMPARABLES FROM PREVIOUS FINANCIAL YEAR 23
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMrrED (A company limited by guarantee) YEAR ENDED 31 MARCH 2023 CHAIRMAN'S REPORT Osprey Quay Management S8rvic88 knmitèd ks a charrty that i% commilted to managing the green space at Osprey Quay lor thg benefit ol communities. InvestmÈnls Ov8r tho p&riod 1st April 20¥2 to 31st March 2023 the value of the investments held by the company inGrgased by S.49°A12021122.' increase 018.63/01 to £1.97m (20212. £1.87rn), mainty due to adTtiOns to investrnents of £0.2m. A favourable incoffle yiofd on our investsnents of 2.8%12021n22'. 2.8%) &nables us to manage our sites sustainably to achi6v6 our chaiikblè outcom&s and to fund lulure improvements. Bonll8 Osprey Quay nine hertares ol open space in Porfand, Dorset, wh includès flood dBlences. open space areas ol the buslnes8 park the promonade b¢lw¢gn Portland CastEe and the Mari Thè srte i% nesued beeen the waterfront and thè Sling ar sed in the 2012 summer OlympKZ and the popular Chesi5 Beach. During the yèar thè rtsuttnè grourKL% maintenance and sit6 dearb5ing programme was completed to a consistentty high standard. Thssé wtsrks inttludé grass culting, v8rg8 StrimmiThJ, raBtrbed and amenty tree maintenance, litter picknng and bin emptysng, Ily tip removal, anti-social darnag¢ repair, graffitl removal and the mantenanco, repair and replac8ment ol rreatIonal Infrastctur0 and svJnage. The site has prowdgd a vduable and safe gen space lorthè communty. Addilonallythls y8arlh8 inlomation boar(Is atthe memorial wewpoint w¢re replaced with new boards containing updatod inlormalion. This was lollowÉd up with prassur8 claaning all ol the surndIng SteWOl to remove algae build up leaving the sile IoDking Ire8h and inviting. or Chalrman 27, Oclobgr 2023
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMrrED IA company Ilmlted by guarantee YEAR ENDED 31 MARCH 2023 TRUSTEES, REPORT: LEGAL AND ADMINISTRATIVE STRUCTURE Osprey Quay Managemant SèNces Cryllpany UTllited is a charity regslered wrfh the ChaNty Commission in England and Walgs No. 1166655, it obtained its charitabla sta1 on 21si April 2016. The Trust's goveming documents afy rt8 ArDcles ol Association. The sole Membèr ol th6 company is The Land RestoralN)n Trust Limfted Land Tntsll. Thè Company opéraiès withln thé same Policies and Procedures ol The Land TrusL The Land Twst oppralos an Au¢JiL Investrnenl, Flemun&ration & HR and Nominations Committ88 that reports to the TrL1eeS ol that coPany. OSPREY QUAY MANAGEMENT SERVICES COMPANY UmED OIRECTORS The Directors ol the company ara its Trustèès forlh8 purpose of Company Law and throughoLrt Ihls report are collectivpty reff rred to as tha Trustees. The Trustees who $èrvèd throughDUt the year were an CartBr, Euan Hall Iresigned 30th Jun& 20221, Jamie lappolnted as Director on 10th May 20221 lan Betleley Iwinted as DitOr on 13 S6PtÈmber 201. PRINCIPAL AND REGISTERED OFFICE 7 Birchwood One Dewhurst Road Birchwood Warrington WA3 7GB PROFESSIONAL ADVISORS The charitles maln admsors are.. EXTERNAL AUDoRs Saffery LLP 71 Queen Vicloria Slreet London EC4V 4BE SOLICITORS The Charity with The Land Twst opères a IrarTrework agr8ement [h various solritors. Firts are tasked from b"m8 to ts.me Cording to their elpeibse. 8ANKERS Barclays PIC 1st Floor 3 Hardman Street Spinningliolds Manchester, M3 3HF INVESTMENT MANAGERS CCLA Investmenl Managernent Ltd 1 Ang81 Lane London EC4A 3AB GOVERNANCE AND MANAGEMENT Trustè8s- rècrultment and emoluments Our Trustees have beèn recruited to providè th8 skill8 and experie required to govem the Charity. The Trustee5, who comprisg the Board ol the Company, did nol receive any remunerntion from thè Charity during the pertod. When recruited, Twstegs are inducted by attending wothshops and other training arranged by th& ExècLrtive. Trav&lling and sub8istenC8 expenses incurred by the Tru51ee5 on BoaTd business amounted to nil. Th8 Truste8s hav8 b8nefit8d from TrLL8tee indemnity insurance throu01 the year. The Board The Board u8ually rtbeets four tim88 a year. additional ad rneetin ol tho Board or TrtJst888 tak8 placè during th8 year. K8y Personnel The charity has no dir8ctly employed staff. The Tnjslees as k8y rnanagement personnel and are not remunerated, any additional 88)vaS provided are the parent charity and so di 8rnpk)y88 PO,.leS aTe sel at Group lovel.
OSPREY QUAY MANAGEMENT SERVICES COklPANY LIMrrED (A company limited by guarantee) YEAR ENDED 31 MARCH 2023 STATEMENT OF TRUSTEES. RESPONSIBILMES Health and Safety The Board considers the heath, safety and wellping ol volunteers, suppltg]s and vEhors to our siles as a govemaJKe priority. The Board is ultimately responsible fr)r compliance with Health and Safety legislation. The day-lTrday responsibility is delegated to the Chief Executwe and the Director ol Group Firbance ol The Larid TrusL who ar8 togèth8r responsible lor compliance, relevant policy development and perfomiarKe. During the course ol the yeaT there were no signifrAnt accidents or irIdents invofviry volunteer8, corrtradors, or visilors lo the site. All staff have completed training sessions outlining heth and safety reSpOr1b1litses ol the orgqnisation and tha Sndividual employees as expressed in Ihe Health and Safety at Wort Act 1974. The Trusl has the systems in place to ensur8 thtrse responsibilities are met. We continue to work closety wrth our managing agent to develop robust and complementary best practice. Flnanclv41 Roporting The Trustees (who are also Directors ol Osprey Quay Management Semces Company Limf(ed lorlh8 PUTPO$èS ol Company Lawl are responsible lor preparing the Trustee5' Annual Report. including the Strategic Report and the financial stat6ments In accordance with applicablo law and United Kingdom Accounling Standards (United King4om Ganerally Accepted Accounting Practical. Company law requires the Twstees to prepare financial statements for eKh financial year which gwe a true and lair view ol tho stat& ol affa1 ol the chartsble company and the group arbd of the incoming resourcgs and application ol resourcas. including the income and expenditure, ol the chpJitable company and group lor that period. In prgparing thès8 financial s14lemenls, the Twsteas are required to.. selecl suitable accounting policies and then apply them consistenty, obsÈN6 the m8thods and prinaples in the Charities Statent ol Recommended Practice {SOF¢PI,' make judgments and estimates that are reasonable and prudent.. state whether applicabl& UK Accounting Standards hav6 been followed, subiect to any matgrial d9Parture8 dlsclosa(J and explaned in Ihe financial statements," and preparè thè financial statèmènts M tha goi conc&m basis UTh1 it is inappr¢¥Jriale to presume that the charitabl8 company will continue in business. The Trvstees arts r¢SnsIble IDr ensuring proper aeeounb"rJ recor(ls are kepl that dkscbse wilh asonable accu¥acy al any lime the financial position ol the charttable cornpany and the group and erbable them to ensure that Ihe financial statements comply with the Ccxnpaniès Act 2006. They are also Y8sponsibl8 lor sa18guarding thè assats of thè eharirablè company and the group and hence IOT talang reasonabl8 steps loi the pr¢vonlion and delection ol traud ar other irwuLqrities. OBJECTIVES AND ACTIVITIES The Charivs obi8cts (kne Obj8cts"l 8r8 spthe#l rèstit1 to th8 lollowng". To promote the conservation. proleclion and improvement of the Physic and natural enmronment anywhere in Osprey Quay and insolar as may be charttab18 accor(fing to the laws of England and Wal6s in other parts ol the Unfced Kinglom. PUBUC BENEFIT A Charity is iequired to meet one or more ol the prescribed charitable puSeS as set out in the Charities Act 2011. In planning the Trust's activities, the Trustees have had regard to the Charity Commk5sion's guidanc8 IRA2 - Promotion ol Urban and Fiurd Regenèration) on plIC benefit The pubTic cons8rvation. n8 e provision an orac e puryxjse e erasapu Ic amenity or In It8 prerva ion Dr
OSPREY QUAY MANAGEMENT SERVICES COMPANY UMITED (A company limited by guaranteo) YEAR ENDED 31 MARCH 21Y23 STRATEGIC REPORT ACHIEVEMENTS AND PERFORMANCE A summary ol thè actlviltas und8rtak8n by the Twst during Ihe year and its achievements and pertomian¢e are sel out In th8 Chdrman'8 R8POrt. FINANCIAL REVIEW Overview and Inromg Thè principal sourca ol ineomè lorlh8 Company in 2022rd3 was invesbment Income. Capital recelpls are Invpsledto g6ner4ts Invèstmént income which k8 usèd to Iv8r th8 CDSt of managng Osprey Quay for public benefit. The TnA8t received £nil ol site funding in year endod 31 MaTch 21Y2312021r22'. £nill. Tho Charities Investrll&nt Income prpvidos the ongoing revenue to fund the Charitable ActNiEies. During the year investment incomè £0.055m120211Z2.' £0.052ml. We have seen volatilty in the invo8tmants markets throughout 2(Y22fd3 due in part to the rising cost ol inflation and polltical uncgrtainlie3. This ha5 resulted in1088es at the end of ihe 2022128 01 £0.067m12021122: gain ol £D.149ml. Modalllng ol thè Invèslm£nt ineom8 indicates that the Charity should not have a Goin9 Concern issue further steps have b8èn lak8n to en8ur8 this i4 thè rn88. Olhor Trading A¢ttvilies I¢m¢ lorthg year ending 31st March 2023 is £nil {2021f22: £2501. Exp9ndilurg Total @xp8nditurè in 2D22123 was £O.C121m (2021/.. £0.015ml. Thi% represenls the expendlture in relailon to the Flood Barrigr 81 Osprey QL¢ay ond the operab'on of the Charity. Thp expenditur¢ in relation to tho Flood Barrier ss periodic. in some years the maintenance and repair costs are higher than other5 dLJe to the nature ot the works required on the barrier. Thè Ch&rity gèngratad a nel incoming resource SUTplus (befo Garks & Losses on Investmentsl ol £0.034m12021122.. £0.037ml. The surplus is taken to Ihe Tru$t'$ roserves and those funds with restiictions are held to be applied in accordancè with the rpstricb'on5. Financlal Investment Poliey and Performance The Charily's Investmènt Policy is in lina with th8 Investrnent ol ils Member Ilhe Land Trustl, this is reviewed by The Land Trust's Inveslmenl Committea whh s&t$ OLrt the long-temi investment objectwes. Those are essentially to generate a lovel ol income lo meet tts relaleij silo expenditure whitsl maintainiw the k)ng tem purchasing power of capitd and incomè against Inflation. The vdue ol the portfrolio was £2.Om as at 31 March 2023131 Marth 2022.. £1.9m). Flnanclal Resérvès The Trustees gnsLEre that an adequat8 level of reseNes is maintained to enable the Charity to manag8 financial risk and ¢nsuTe Iherels suff icienl lun(fjng for the long term linanc4ro ol site maintenan. When th8 Charltytook on Ospr8y Quay, it comrnitted lo keeping the site open tothe publ in perpelufty and it must thereloro plan ovèr th8 long tèm. Howèv8r, as incoming resources a mainly generated Irtsm investtnent retums. the Charty is subj8¢t to the effe¢ts ol short tom volatilty in these retums. The Charrty ensures that, in the lace ol wtentially vtAalil Invesltllgnl relums, adequate liquid r880urces are held to meet short tenn maintenance cost commttmants. Expendtture on Ospiey Quay is funded through a comlxnation of Semce Charges and investment income generated from the inveslm8nt ol sit8 funding received on acquisition. ExpenEliture carefully planned not to exGeEd available funds-, lor 8xampl8, il inv88tm8nt incomé w8r8 to decrease, the level ol eXpend[tU to which the Charty cofflmits would a150 dEcreas0. The Charity monitors ils resaN&$, enabling it to mainlain an adequate level ol reserves to cover any short term short fall in vestm8ntrincom The Charity also reviews its central overheacl commitments both to ensurè thèy arg commen8uYate th the needs ol the organisation and the level of free reserv&s held is adequate lo ffleet these obli9ations. Followng on from the Designation of the Osprey Quay sile General Funds. at the beginning of the 201W19 Financial Year, ths Charity no longer has Free Resetves. The Trustees consider that th&s& designated funds are similar to Free Reserv88 as they have been designated for the sole purpose ol tho management Df the Osprey Quay srte.
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIIAITED (A company limited by guarantee) YEAR ENDED 31 MARCH 2023 The Charity is building up d&signet8d funds in case ol a calastr(yhic event at Osprey Quay, such 88 th8 destruction of the Iloocl barrier following a storm. As At 31st March 2023 the level ol Designated Reserves is £0.25m12021122.. £0.21ml. The Charity has EleaT policios on reserves and ils tssignation ol fun(14. hawng review&J these policies w lighl ol the eftect of Covid-19. The Trust cgnsiéers that these policies refflain appropriate and propoitonate. Should the Charty take onfurtharsitas in the United KingC1, theTrust88s would review this designation of funds. Currently there are no plans lor th8 Charity tts take on any further sites. Thè Charty no long8r has Free Rosprv¢s a5 all the Geneml Fund5were d8g8t8d 8tthe teginning of the proviDUS financial yèar. The TrLL8tees considoT that the designation ol the funds lor the benefit ol the site protects thgse funds and allows the monles to be spent on the Sit8. Th¢ Charity holds reserv&s to b8 8pplie(I to future actsvits8s in a nurnlr ol categorTres: Generdt Funds - these funds can b& used lor any of Ihe Charity's chariiable purposes Deslgnated Funds thasè fun(Lg, whh are otherwise unrestricted. are earmaTked by thè TrLJStees lor the manaprnènt ol Ospr6y Quay. Rastrictad Funds - Ihe80 lunts arg applied lothe vaiious speufr pury)098s intended by the donor Unrèrl¢t8d Fund8 Thesg comprise the Generd Fundq artd Dèsignated Funds. The GanèY81 Funds at 31 March 2023 arnounled to £nS112021r22: £nill. Th6 Designated Funds at 31 March 2023 amtsunt8d to £0.25m12021r22' £0.21ml. Thts presents funding dèsignated lor silo maintenance. Rgstrieted Funds At 31 March 2023 the Restricted Furmts amounted lo £1.78m12021f22- £1.85ml. These funds are investsd in th8 Charity's long term dlsoretionary investrnenl portfolio. Relaled Partles Tb858 the Tnjstaes and Member organisatiS and det&ls of transactions are set out in Note 17 under Hèlat8d Party transactions. PLANS FOR FUTURE PERIODS The Qharity's plans lor future periods ar8 s81 out in the Chaimn'S Report. PRINCIPAL RISKS AND UNCERTAIlEs Th8 Charit5 risk management proc8SS8s ar8 dèsignad to enab the Board, on the advice ol the Audit Committeg which considers reports from the Land Trust's Director ol Grwp Finance. to condude vth8th8r thé major iisks to which the Charity is exposed have been identffied and rew8wed, and system5 and procedures hav8 b88n &st8blk8hed to mitigats these risks. The Charity has CUTrenlly identified the main risks as 'Chang&s in Economic and Politic Conditions,. 'Fall in Long T8m Invsstrnent Rotums, and'compromise in Cyb8r S8curty and failure to adhere to GDPFI Regulats"trns'. Major risks ate those which have a combined high impact and probabilty of ctturrtng and would. il they occuThed. have a severe impact on eith8r oparational performan¢8 or achievement ot purpose and objectives, or etruld damage the charit8 reputation. The Tm$tè6s eoncenlrate their efforts on ensuring that the most seiious risks ar& being tnanaged elleclively. These are reported iggularly to the Board and are also ¢Sider8d in da11 peNodically by the Au(ffi Gommitiee. T.htreharitVs-approachf(res8es1-a-Wid&eotte1trWlth.emph&4iOft-stra1?9Ienr0RrnentaI-and-@Pr&ti0NakrJ6k&I addition to thg morg familiar areas cTrl finala1 iisks, compliance th statutory requirements and intemal control procedures. The Chartty assesses risk in tarms ol its financial and putatIOn impart and its impact on the delivèry ol its key obiectwes. We are confident that our mèthodology enables us to identify and manage the major risks facing the Charity. STATEMEHT AS TO DISCLOSURE OF INFORMAnoN TO AUDoRs Th& Trustees have confirmed that, as far as thèy hre aware. there is no relevant audit information of which thè audltors are unawarg. Each of the Trustees has confirm8d that théy have taken 1 the steps that they ought to have taken as Trustees, in order to make thselveS aware of any rg18vant audit inlonnation and lo establish that il has been communicated to thg auditors.
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMrrED (A company Ilmited by guarantee) YEAR ENDED 31 MARCH 2023 AUDITORS A r8soluUon tr) Y8.8ppoint SaffÈry LLP 711 be proposed at the lorthcoming knnud General Meeing. The TrusleB¥ Report, which iludeS thg DiTecloTr Report ond Stratagic R8POrt, was 8PPiOV8d by Ihtr 8oard on (klober 20 ed on their bohall by= an Chairman
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limiied by guarantee) YEAR ENDED 31 MARCH 2023 INDEPENDENT AUDITORS REPORT TO THE TRUSTEES AND MEMBERS OF OSPREY QUAY MANAGEMENT SERVICES LIMITED Oplnlon We have audited the finala1 statements ol Osprey Quay Managetnont Servtce5 Company Limited Icr the ygar ended 31 March 2023 which comprise Ihe statement of financial activihes, balance shee( statement ol cash flows notes to the financial StatlentS. including signilicanl accounb'ng poliues. The tinanci reporting framework thal has been applied in their preparation is appIale law and Unit8d Kingdom Accounting Standard%. including Financi Reporting Standard 102, the Financial Reporting Standard aFplicable in Ihe UK and Republ ol Ir618nd (Unitsd ngdoM Generally Accepted AccountSng Practice). In our opinlon the financial statements- gsve a true and Ir view of the charitable eompany's stsle ol affairs as 81 31 March 2023 and ol its incomir rewutces and application ol resources, including rt8 incorne and experKrrture. lor the yearthen ended., hav8 bèèn propèrfy prapared in aeeordante with United Kinglom Generally Accepted At¢ounting pract@,. and have been prepared in accordance wth the Companies Act 2. B?818 lor oplnlon We eonducled our audit in accordance wtth IntematiOn Stsnilards on Avdthng IUKI IISAS (UK)) and appluble law. Our r8sponsibiliti8s under those standards arè lutther drid in thé Audttorfs rÈsponsibililiès for thè audit ol the linanci 8tatèm8nts séction ol our report. We are indepèndènt ol thè charitab18 cornpany in accerdanea wilh thè 8thical requirements tlwl aro relav8ntlo our aL1t ol the financial 5tal¢m¢nts in tho UK irKluthng the FAC'S Ethic Stsndard. and we have lullillod our olhor olhical re5ponsibllities In accordance wtth those requirgments. We bdiev9 that th¢ audit ¢vidEncEwe have obtalned is SLrflicient and appropriate to provide a bask% for our opinK)ll. Conclusions r•latlng to goln9 conc•rn In auditing tho financid 5talements, we have concluded that the Iwstoes. u88 011he going ¢orKorn basis ol accountlng in the preparation of the finarla1 statements 15 aFyropriale. Basèd on the workwe have perfonned, we have not identffied any material UncertntI88 r81ating to evènts or conditions thaL individually or collectively, may cast significant doubt on tha charitab company's 8bililV to continue as a going concem lor a p8riod of at least twelve Mth$ from when the finalad statements are authorKsed for issuo. Our responsibilities and the reSponsi1.S ol the Iruslees Wtth r9SPgCt lo going concem ar¢ described In Ihe relèvant sections ol this POrt. Other information Tho trustges are re5pofhsiblE lor the other inlormalTon. The other irformation MPriS8S th¢ itrformab.on included in the annual report, other than the financi slatements and our audrtors reF)Qrt there. Our opinion on the financial slatements does not covor tho othor inlonnalion and, excapt lo the ext8nl otherwise eXplTt stated in our report, we do not oxpress any lom ol assurance conclusion tharn. Our iesponslbillty is lo read the oU)er infom)ath"on and. in (k)ing x, consid8r wheth8T th8 other inlomation is materially incon51Stent with Ihe financial slalgmenls or our knowledge obtained in the course of the audit or otherwhse appears lo be materially misslalod. If we identify such material inconsistencies or apparent material misstaternenls. we are requir9d lo et&rmine whelhor this gives rise to a rnal8rial misstatoment in the financial statemonts thcmsclvgs. If, bas8d on the work we have perfomied, we concl8 that thèré 18 a mat8rial misstatementof this oiher inlom)ation we ar8 r8qUlf8d to rèport that fact. We have nothing to repy)rt in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 the information given in the Tnstees, Annual Report whrh in¢l4xks the Directors, Report and the Strategic Report forthe financial yearfor which the financial statements are prepared is consistentwiih the financial statements., and the Trust888' Annual Rèport whid) i[[Ud88 th8 Directors. Report ar the strateg R8POrt h88 b8&n prèpared in accordarto with appli¢able legal requirements.
OSPREY QUAY IAANAGEMENT SERVICES COMPANY LIMITED (A company limited by guarantee) YEAR ENDED 31 MARCH 2023 Matter8 on whlch we are required to rnport by èxcèpllon In the light of the knowledge and underStanng ol the chanlablo company and rt8 enwronment obtain8d in the course of the audrt, we have not id8nbfied material misslatements in the Trustees. Annu RewTrrt. Ws have nothing to repx)rt In respect ol the foll0yng matters whèr• th8 Companies Act 2006 requires us lo report lo you il, in our opinion.. adequate accounting records have not b88n kapt, or retums adequate for our audit have not been receNed from branches not visited by us- or the finala1 statements arè not in agreement the accounting records and retums.. or certain disclosures ol trustèÈs' ramun8ration specified by law a not made. or we have not reiVed all the inlomiation and explanation8 we rgquiro lor our audit. Rg¥pon¥ibilitles of tru¥tg98 As explwned mor& lulty In the Trustees. Flgsponsibilitw Statement set oul on page 5. the trustees Iwho a also directors ol tha tthaiitablè company for the purposes of company lawl are pOnSIble lor the prwaration ol Iho linan¢iAI statements and lor baing satisftèd thai thèy sqve a true and lair wew, and lor such intemal control as the trte&S detertnine is nSSary t¢ onobl¢ Ihg pr¢parolion ol finan¢k418tatements that are llee from malerid misstatemènt, whèther due to fraud or ermr. In preparing the financial stalernonts, the trustegs are responsible lor assessing Ihè charitablè eomp8ny's Ability to continuè as a going concam, dlsclosing, a8 applicable, maliers related 10 90ing concern and using the going conrn basis ol accounting unlass th8 trustaés althèr int8nd to fjquidate the charrtable company oi to cease operations, or have realistic altemative to do so. Audltorfs respDnsibilities for Ihg audit ol ihe financial 61atemenls We have been appointèd as Audttoys und8rthg Companies Act 2(K6 and report in accordance with fegulatlons made under that Act. Our objectives are to obtain reasonable &8suran¢8 about v+hgth8rthe financi statements as a whole Bra free from mAterial misstatement. whetherdue to fraud orerror. and lo issue an audito¢s report that includes our opinion. Reasonable assurance is a high lavel ol assurance, but is not a guarantee that an audit conducied in accoTdance with ISAS IUKI will always delect a m&16rial misstat&mèntwh8n it èxists. Misstatetnents can arise Irorn fraud orerror and arE considered material il, individually or in the aggregate, they could rèasonaNy b8 to InflUer tho onoMiC deosions ol users taken on the basis of these Ilnancial statomsnts. Irregulariti'as, Including fraud. are instances ol non-c0mp1iare with laws and r6gulations. We design procedures in line with our responslbiliti&s, Outlined above, to detect malorial misstatements in respect ol irregularities, including fraud. The specif procedures lor this engLment 2nd th8 8Xt8nt to whh these are c4)able ol detecting irrEgularities, including fraud ale detailad below. Identifying and as5es5illg risks related lo irregularities.. We assessed th6 susceptibilty ol the charitable companys finanual statements to material misstatement and how fraud might occur, including through discussions with the tteeS and management, disCS1on$ wthin our audit team planning mééting, Ljpdating our rÉeord ol intsmal controLs and ensuring these contro15 operated as intend. We evaluated possiblB Incéntivès and oortUnItia$ lor fraLJdulent man4)uLition ol the finala1 Statents. Wp Identified laws and regulations that are ol SignifanCe in the context ol the charitable company by discLS1OnS tnJste6s and manag6m6nl and updating our und¢rslanding ol the sector in which the charitable company operates. Laws and r8gulalion8 of direct significance in the context o11he charitable company Include The Comp8n10s Act 2CX)6, and guidancè issuèd by th8 Charity Comrnission lor England Wales. Audit response to risks identified.. W8 considerod the extent ol compliance with these laws and regulations as part ol our aud5t procgdures on the related financial slatornonl itoms irKluding a review ol finamial statement disel(k%urès. W8 r8vi8W8d the charitable eompanls records ol breaches of laws anof regulations, minutes ol meeting5 and correspondencg Wsth r81ovant authoiity.es to id8nlify potential material misstatements allsing. We (f15cussed the tharilgble Gompanls pol1&6 and procedure8 lor compliance with laws ancl regulations with members ol management responsiTr)le for compliance. During the planning rneeling v4th th& auctitteam. the éngagement partn8rdr8w attention to the key areaswhich might involve non-compliance wrth laws and regulats.ons tsr fraud. W8 ènquir&Y of management whother they We aware ol any instances ol non-compliance with laws and gulatIorS Qr knowled of any actu, Suspected or alleged fraud. We addressèd the iisk ol fraud through manag&ment ovèrride of corrtrols by testing thg approp1iatersS of joumal entries and identilwng any 10
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMrrED (A company limited by guarantee) YEAR ENDED 31 kqARCH 2023 significant Iransaclions that were unusual or OLrtside the norn1 course ol bna$s. Wè as58&88d wh8thèrludgam6nts m8dè in making accounllng eslitllales gave rise to a po&sible indution ol management bi&4. At complalion Sta ol tha audi( th@ &ngagèmènt partners review included ensuring that the team had approached th&ir work with appropriate professional scepticism and Ihus thè capacity to identify Th)n-comFdiance with la¥ts and rylalions and fraud. Thèr6 are Inhorgnt limilalion8 in the audit procedures describad abov& and Ihè knrther rerTK¢ved non-complianee wlth laws Lnd regulatlons 18 from the events and transactions rellected in the linancia statèm8nts, thé lÈss likèly wa would bacome &ware ol it. Also, tha risk ol not d818etlng a material misstatemenl due to lrnud i% hlgher than th¢ iisk of not delecling orTre rgsulting Imm error. as fraud may Involve Ileliberate concedmenl by. for exarnple, I0ry or intgntiond misrepresenlalions, or through collusion. A further doscriplion of our responskni ilities is available on th8 Financial Reporting CounThl's webstte at ¥vww.Irc.or .uklaudilorsr8s ibilities. This description forms part of our audttofs report. Use of our roport This report is made 5018ly to the charitable Covany,S members, as a I, in accordance with Chapt9r 3 01 Part 16 01 th8 Companiès Act 2006. Qur audit Work has been undertaken so Ihat wè might gtatè to th8 eharit8blè company's m8mbèYs thosa mattèrs w& xr8 r8quir8d to slate Eo Ihem in an auditorfs report and lor no other purpose. To the lullgst gxlenl permitted by law. wa do not ace8pt or assume reSpsibIlIty to anyone otherthan the charitable cotryany andthe rharilabl¢ [nPan8 members as a body, lorour audit worf(, lor this report. or lorthe OFMllK)ns we have formed. Cara Turtlngton (Senior Statutory Auditor) lor and tsn behall ol Saffery LLP Chartered Accountants 71 Queen Wictorfa Street London EC4V 4BE Statutory Auditors Datts: 16 November 2023 Saffery LLP is eligible lo act a5 an auditor in tems of secion 1212 of the Conp8nias Act 2006 11
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A ¢ompany limited by guarantee) YEAR ENDED 31 MARCH 2023 STATEMENT OF FINANCIAL AcnvmES YEAR ENDED 31 MARCH 2023 Noto Unreslrlcted Funds R?strlcted Fund8 Year Ended 3110312023 Year Ended 3110312022 Ineomè from: Other Trading Aclivtligs Inveslrnents Tolal In¢ornè 250 51.635 51,885 55,080 55,080 55,080 55,080 Expenditure on: Charitable ActltieS Total •xponditure 20,610 20.610 20.610 20,610 15,171 15,171 Nel gain8/llossesl on invgslments 3,221 170,4921 167.2711 148,538 Corporation TMX Nèt incom•llèxpèndliurèl 87.691 (70.492} 132,8011 185.252 Transfers Nat Movement in funds 37.691 (70.492) (32.8011 185.252 Reconciliation of Fund8 Total Funds brought forward Total Funds carrlèd ton¥ard 210.480 248,171 1,854.525 1.784,033 2,065,005 2,032,204 1,879,753 2,065.005 12 The Charity has no re¢ognÈs8d gains or lo&ses other than as Stat In the Stat¢ment ol Finanual Aclivities. Historical comparables are shown in Note 19. 12
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMrrED (A company Ilrnited by guarantee) YEAR ENDED 31 IAARCH 2023 BALANCE SHEET AS AT 31 MARCH 2023 Not• 31103r2023 31103r2022 Flxed Asset8 Tangible assets Inveskn&nts 1.972,403 1,869,674 Total Fixed A8¥el8 1,972,404 1,869,675 Current Ass&ts Debtors 14.250 49,432 13.280 Cash in bank and in hand 14 184,572 Total Current As18 63.682 197,852 Liablllties Creclilors: falling du8 whhin on8 year 10 13.8821 12.5221 Net Current Assels 59.800 195,330 Total Net As8et8 2,032,204 2,065,005 The funds of the charity: Resbicted Funds 12 1.784,033 248,171 2.032,204 1,854,525 210,480 2,065,005 UnrestrKi8d Fund8 12 Tolal Charity funds 12 Th& financial statements werè approvèd by the Tnjstees and aLrthoiised lor issue on 27th October 2023 and svJned on its behaK by.. &r Trusteè 13
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMrrED (A company limited by guarantee) YEAR ENDED 31 MARCH 2023 STATEMENT OF CASH FLOWS Year Ended 3110312023 Year Ende¢J 3110312022 Note Net cash provided by (used inl Operating activltl•s 13 12D,2201 119,5601 Cash flows from investing 8Ctivilieg: Dividends, interest and rents from investmer 55,080 51.635 Purchase ol inveslillents 1170,(X)01 Net cash u8ed In InveBtlng aclivitle¥ 1114,9201 51,635 Change In ca8h and cash equlvalent8 In the reportlng prlod 1135,140) 32.075 Cash and ¢ash ¢quivalenls ot the beginning ol the reporting p81iod 184,572 152,497 Cash Bnd cash equivalenis at the end of the rapothng pÈriod 49,432 184,572 Change In ca8h and ca8h equlvalgn18 In the reportin9 period 14 (135,140 32,075 14
OSPREY QUAY MANAGEMeNT SERVICES COMPANY LIMrrED {A company limited by guarantee) YEAR ENDED 31 MARCH 2023 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ACCOUNTING POLICIES: Osprey Quay Management SeNKes Company Limited B a charity registered with th8 Charity Commission in England and Woles No. 1166£55, ivs regist8refJ add¥ess is 7 8irchwcM)d One. Dewhur81 Fload, Birchwood. Warrington. WA3 7GB The principal accounting policies adopled. judments ond key sources ol estimation uncortainty in the praparation ol the lin¢n¢ial statements are as follows.. BASIS OF PREPARATION ANO ASSESSMENT OF GOING CONCERN Th8 financial ststements have been prepared in acCoYde with Ac£ounting and Reporting by Charities: Statement ol R6commended Practice applicable to charities preparin9 twr accounts in accordance wth the Financial Reporting Standard 4ppli¢able in the UKand Republic of Ireland IFRS 1021 (second editionl- (Charities SORP IFRS 10211, th8 Financial Reporting Standard applicabltr in the UK and Republ ol Ireland IFRS 1021 and the Cornpanies Act 2006. Thè tfLL8t coThqtitut&s a public benefft entty as defined by FRS 102. The linancl81 stP4temgnts a psented in st¢rling, round to the nearest pound. The Trust has a clearloeus on managing its costs and. worf(ing wtthin its appetile lor risk, $08k3 to ggnerate mrnM income om its investrnent portfofio. WÈ continuè to raviaw and prepare long t&mi lorecasls and projectiorts to show that.. The pr(>j¢¢led in¢ome from endowment and site fund is suflicient to meet rts expected operating costs and Tho Conlribulion margin earned from the management of these sites. plus the DIsengarn8nt Grant, is sufficient to meet enlral costs such that the Trust generth 11 equate Wo[9 Capttal to remain linancialty sustainabla in the long lemi. Tha Trustéès havè tharèlorg conb'nued to adopt the Going Conc8m basis in preparing thg annu Vinancial Statements. INCOME All income is recognisod once Ihe Tnjst has anlitlement to the Sncom&. rt is PTobabSe that the income wlll be ro¢eived And the arnount ol incom8 r6caivable can be measured rdiably. Intetsst on funds held on deposil is accrued and the amount ¢an be measUd reliably by the charity., this is normalty upon notification ol the interEs1 payable by the bank. ONidend5 are rQgnISed once the dNidend has be8n déclarad and notrfication has been receiv1 of the dividend due. This i% ntsmially UPDn notikabon by our investment advisor ol tha dividend yield ol tho invgstsnent portfolio. DONATED SERVICES AND FACILfTIES Donalod prolgssional semces and donaled facilities are recogni5ed as itlctsme when the Charity has eontsol ovèr tha it&m. any conditions aSslated wlth the dDnaled rtem have been tnel, thp receipt of economic benefit from th8 usè by thè charity ol tho ilcm is Probab and that econom benefit can be rneasured reliably. In accordance with the Charilig5 SOFIP (FAS 1021, the g8n8ral volunta8r knm6 ks not racogni8ad and rèlèr tr) thè trust&es' annu report lor rnore Infoation about their conlribLrtion. On receipt, donated prolessional seTwces and dOrted I8111e$ are recognised on Ihe basis ol the valu8 of the gift lo the charity which is the arnounl the charty would have been wlling to pay to obtain services or tacilities ol equivJent economic benefit on Ihe open market- a corr8sponding amount i8 then r&ColSd in axpenditure in the per)d of recgipl. INVESTMENT INCOME Investment income 18 yecogni89d on a wewable ba818. EXPENDITURE ia that expanditura. £Ypenditure is recognised when. and to Ihe extent that, a liability is inourred or increases Without a commènsurat6 increase in recognised assets or decrease in liabilit$. All expenditure is accounted for on an accmals ba51S and is C1]11ed under appropriate headings thal aggregate all costs relating to the category. Irrecovéiab16 VAT 19 chargèd agpinsl the category ol resources expended for whrh it was incurred. CHARITABLE EXPENDITURE Charitab18 8Xnditur6 ildeS all expen(fmJre Assated wilh thè Trust's charitable activities, incluthng 8UPPQrt co818. Support ¢08ts in¢lt#Y¢ central off ice fun¢tions such as neral managemenl. finance and accounting, tt and hurnan r8sourc88. 15
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMrrED (A company limited by guarantee) YEAR ENDEO 31 MARCH 2023 OTHER EXPENDITURE Other &xp&nditure represents those itetns not Idling into any oth8r heading. TANGIBLE FIXED ASSETS Tanwble fixed assets are Gtsted at historical cts¥t. Freehold land is not depreciated. FIXED Ass INVESTMENTS Investments are stated at ml&price vu9 al th& t)alarto Sheet daio. DEBTORS Trad& and othei debtors are recognised at Ih8 sètdèm8nt amounl due after any trade discount offered, Prepay7nents are valued at the amount prepaid net ol any trade dis¢ount$ due. CASH AT BANKAND IN HAND Cash at bank and cash in hand includès cèsh and short t8rm highty IKiuid investments with a short maturity of three months or less from th& dale ol acquisition or openirtg ol thè depos Dr similar 0UnL CREDrroRS AND PROVISIONS Creditors and provtsions ar8 r8cognisad wh8re th8 charity ha5 a psent LTrligatton resulting Irorn a past eventthat will probably resulL in the trarb61er ol funds to a third party and thé amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions a normalty fectsgniséd at thèir s8tUernent amount aft8r allowing for any trad8 discounts due. FINANCIAL INSTRUMENTS The trust only has financial assets and tinanual liBtMI8s ol a kind that qualty as basic financial instruments. Basic financial instruments are initially r8cognised at transaet#)n vu and subsèquenuy measured at their settlem8nt value wfch the exptIOn ol bank loans which a subsequentty measursd ai arnorb8ed cost using the effective int8r8st melhod. LEASING COMMITMENTS Rentals paid under ratIng leases are chargad to th8 stat8menl ol fina1 activities overthe life ol the lease. GAINS AND LOSSES ON INVESTMENTS All gains and losses are taken to the Statètnent ol Financial Actt as they aris8. Realised gains and losse8 on investments are calculated as the differen betwe6n saS preedS and th8iT opening carying value or Ihgir purcha value il acquired Bubsequent to the first day ol the financial year. unra15&d gains and losses are cakulated as the drfferenca between the lair value at Ihe year end and their canyirKJ VUe. RealKsed and unre8d investrnent gains and losses are combined in the Slatement of Financial Activities. FUNDS STRUCTURE Funds held by the group are.. Unrestricted gene1 funds Thesè are funds which can be (ed in accordan wtth tho charifable obieGts at Ihe discration ol the Trustees. Designaled funds These funds have been eam)arked out of unr8Stricted lund% by the Trustees lor Spear puOseS. Reslrict6d fvnds T.heS8fe.ItjndAhat.eanYbe-used.fQFPartieU1are$tr1eIethpurP0sesl¥lthlthe.8bjtoIle-T.rust-RegtrKln*ans@"Whorn spècilléd by the donor or when lun(Ls are raised lor partular restricled pun)oses. CORPORATION TAX Osprey Quay Managemsnt Sewc88 Company Limited. as a registered charrty is èxempt from Corporation Tax und8r th8 Corporation Tax Act 2010 lohapters 2 and 2 ol part (i, section 466 onwards) or Séction 256 01 thè T8xation lor Charg8abl8 Gains Aet 1992, ID th8 extent that SluseS a applied to rfs chantable purposes. 16
OSPREY QUAY MANAGEMENT SERVICES COMPANY UMrrED IA company limited by guarantee) YEAR ENDED 31 MARCH 2023 OTHER TRADING ACTIVITIES: Unre8lricled Funds R?8tricted Funds YgaT Ended 3110312023 Site Actlvities Mi8cellan8ous Income Total Year Ended 31103122 250 25D Mlsc8llanaoLJS In1m8 represents Service CharyJe income from the management of tho Semce Charge slto. Historul comp8rabJ8s are shown in Note 19. INCOME FROM INVESTMEfrirs: Unre$Cted Funds Restrlctod Funds Year Ended 3110312023 Bank Interast 250 250 Interest & Dividends from Investments 54,830 55,080 55,080 Year Ended 31103122 51.635 51.635 Historical comparables are shown in Note 19. TRUSTEES. REMUNERATION.. Expense8 claimed by the Twstees in 2022123 totslled £nil 12021122= £nil}. The Trust8es r8c8wed no r8rnun8ration in 2022123 12021J22.' £nill. Thg Trustees recetved no paymentIorg or seThtCos in 2022r2312CY21122'. £ nil) and tho Charity had no ernployegs in 202212312021122.. £ nill. 17
OSPREY QUAY MANAGEMENT SERVICES COIAPANY UMrrED (A company limited by guarantee) YEAR ENDED 31 MARCH 2023 ANALYSIS OF EXPENDrruAE.. 8a¥i¥ of AIIoc8tion Rai8ing Fund8 Charitable Activitie¥ her Year End8d 31103120¥J Cogts direcl char ed lo acbvrties Legal & Professional Direct 9,536 Audit & Accountancy leas Dirgcl 2,420 2,420 Managam?nt Fegs Direcl 7,880 Su ort costs allocated to activiti&s General running costs Alknation 774 774 20,610 20,610 Unrestrleted Funds Restrlcted Funds Year End Yoar End*d 31103123 Charitabl8 Activiti88 20,610 20,610 Total Exp8ndltur• 20,610 20,610 Year Ended 31103122 Charrtablè Activities 15.171 15,171 Total Expenditure 15.171 15,171 Basis of Allocation record keeping. Bases lor calculation includg.. Specffic costs have been attributed where possible Overheads have been allocat to siLes on the bas sèt out in th8 inlfjvidu funding Ègr8ém8nts Other costs have been allocatecl based on managemènt astimatèg of g& 05PIEy Quay Management SeNices Company Limited has no dirw employgd staff. Historical eomparables Bre shcswn in Notè 19. 18
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limited by guarantee) YEAR ENDED 31 IMRCH 21)23 CORPORATION TAX The main acliwty of the Charty is to provide charifable activities, therefore no corp)ratvJn tax k8 payable on any surplus from Ihgse activillès. NET INCOMExPENDrruRE.. Year Ended 31103f2023 Year Ended 31103r2022 Thls is *1gd aftorcharging: Audito, Remun6r8tlon Extérnal Auditors Currant Yèar Audit Fees 2,420 2,100 FIXED ASSET INVESTMEKrs: Y&Ar Ended 3110312023 Year Ended 3110312022 Mark&t V8luo as at 1st April Additions 1,869,674 170,000 1,721,136 Disposals Nel inv8slrnenl Realised & unalised GaiJWILo88e81 Market Value as al 31st March 2023 167.2711 1.972,403 148,$38 1,869.674 Year Ended 31103120YJ Y8ar Ended 3110312022 Year Ended 8110312022 Year Endgd 3110312022 UK UK Overse88 Invèstments represented by. Listad Inv8S tll8nls Balared Funds 1.972.403 1,869,674 1.972A03 1,869,674 Inveslmon15 are held prirnarity to PTovide investrnant irume to manage and MaIntn 1he charity's gite$. The lixed a&sel invgstrnenls are held in manageil funds and managed by CCLA. howgver within this Balanced Fund the sharaholding are dive¥sili8d to rllinimise any risks. The hi5tonc Cost ol the investments as at 31si March 2023 w&s £1.5m12021122." £1.3ml, based ¢n a wèigh19d averag8 ¢al¢ulation. 19
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMED (A company limited by guaranteo) YEAR ENDED 31 MARCH 2023 DEBTORS. Year Ended 3110312023 Year Ended 3110312022 Amounts falling duo wlhin one year. Trada Receivables Prepaymonls & Accrued Income 300 12,980 14.250 14,250 13,280 10 CREDITORS: Year Ended 3110312D23 Year Ended 3110312022 Amounts falling due wthin one y8ar. Trada Creditors Amounts owed to Group Undertakings Accnjals & Deferred Income 346 421 3.535 3,882 2,100 2,522 11 ANALYSIS OF NET ASSETS BETWEEN FUNDS: Unrestricted Funds Re8trfcled Funds Total Fund8 3110312023 Tanglble Fixed Assets Investm8nts Ifu8d and ¢unenil Current Assets Current Lialiliti8S 173,221 78,es1 13.882} 248,171 1,799,182 115,1491 1,972.403 63.682 13,8821 2.032,204 1,784,033 Hisloitcat compaiables are shown in Note 19. 20
OSPREY QUAY PJIANAGEMENT SERVICES COMPANY LIMITED (A Company limited by guarantee) YEAR ENDED 31 MARCH 2023 12 ANALYSIS OF CHARITABLE FUNDS.. Balance at 311Q3fd2 Incom? EXndhU[e Tran8ferB Gain8 1 IL088eBI Balanco at 31103r23 Restrlcted Fund¥ Unrèstriet8d FundB 1.854,525 (70,4921 1,784.033 Dgslgnaled Funds G•141 Fund$ 210,480 120.6101 3.221 248,171 2,065.005 55.080 120.610) {67,271} 2,032,204 Restrleted Funds Cartain land agrè&m8nts have restrictions on the expendliuro of any income which is gained Irom the invested caprtal. The income can be us8d only to m8intain th8 Sites noted in the agreements. General Fund$ The genèr lund8 can bg used in accordance with the charitablo OblVe$ al the discl[0n of tho Tte2$. D•slgnat•d lunds Th¢so funds have b8en earrnarked out of unrestricted lun(Lg by thg Trustees lor Speur puOSe$. Historical eompgJab18s ar9 shown in Note 19. 13 NOTES TO THE STATEMENT OF CASH FLOWS.. Yr Ended 3110312023 Year Ended 3110312022 R0clI14t1on of net Income to net cash fftow from OTaling activitie5 Npl income lor the repon9 period las per Ihe Statèmallt of FInarK1 Actiwbesl AduStMenls lor Dividends, interest Ènd rents from invÉstm8nts Gains) I losses on investments D8cr8as8 1 lincreas81 in debtors Ineraasé / Idser8as81 in crethlors Nèt Cash prtsvided by (used inl operating actlvltles 132,801) 185,252 155.0801 67,271 19701 1,360 120,2201 151,6351 1148,5381 15821 14,0571 119,5601 14 ANALYSIS OF CHANGES IN NET DEBT: Balance at 31103122 Gash Flows BAlonc8 ai 31103123 Cash and Cash bquivalènt$ Cash 184.572 1135,1401 49,432 1 B4.572 1135,140) 49,432 21
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company lirnlted by guarante8) YEAR ENDED 31 MARCH 2023 15 GUAFIANTEE COMPANY ANO UABIUTY OF MEMBERS: Osprey Quay Managemtsnl SeJvtces Company Limited is a company limited by guarants8 and thèr8lor8 doès not have any share capttal. Tha liability ol M6mbets is limitèd. In the event of ihe company being wound up during a MeTnberfs poriod ol membership or within onp year afterward8, an amwnl ntrl axceeding thg sum ol £10 may be required from that Membor towards the payment ol the bIS and liablli11¢s DI the cPanY iTred before meMbeh) ceased. As al a1 March 2(Y23, th8 company had one M9mber131 March 2022". on81. 16 CAPITAL COMmITMEr$. Thère wero no capllal commiltngnts at 31st March 202312021f22.' £nill. 17 RELATED PARTY TRANSACTIONS: During the yBar, The Land Twst (Parent Company) recl]arged eypenses 01 £62812021J22: £5,352) and èxp8ndilLJrè Incurred with them amounted to 27,15512(Y21122.. £8,913). Al 31# March 21)23 tho credit balancg Mth The Land Tmst was £34612021122= Crèd 01 £4211. 18 ULTIMATE PARENT COMPANY The ullimale parent company The Land Restoration Tmst (Registered Chartty No.. 11838337), also In¢orptsr&t&d in England and Walss. Tha Land Restoration Trust provid8s land for publ amenty or in its preservation or conservation. Th¢ Land Rosloration Trust Is the smallest and largest group lor which consolKlated accounts are prepared. The consolidated aOuntS lorThe Land Rostoralion Twsl are available lo tho public and can b8 obtained from Companies Hoe or Chanty Commi&%ion.
OSPREY QUAY MANAGEMENT SERVICES COMPANY UMITED (A company limitsd by guarantee) YEAFI ENDED 31 MARCH 2023 19 COMPARABLES FROM PREVIOUS HNANCIAL YEAR: ST ATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2022 Unrg¥tdrt•d Fund¥ Ro¥tri¢tèd Funds Year Endgd 3110312022 Incomo from: Other Trading Activilies Invgstmgnts Total Income 250 51,635 51,885 250 51,635 51,885 Expenditure on: Charitable Activities Total expenditure 15,171 15.171 15,171 15,171 N81 gainslllo8S851 on inv8stmerrts 148,538 148,538 Corporation Tax Nei Incom{expendIiUr¢) 36.714 148,538 185.252 Transfers Net Movgrnent in lunds 36.714 148.538 185.252 Raeonclliation of Funds Total Funds brought forward Total Funds carried forward 173.766 210,4BO 1,705.987 1.854,525 1,879,753 2.065,005 INCOME FROM INvESTMEs Unrèstrictèd Fund¥ Rostrlei•d Fund$ Ytar Endèd 3110312022 Bank Interest 38 Interest & Dividends from Inve51ments 51.597 51,597 51,635 51,635 23
OSPREY QUAY MANAGEMENT SERVICES COPAPANY LIMrrED IA company lirnited by guarantee YEAR ENDED 31 MARCH 21723 ANALYSIS OF EXPENDITURE Ba¥1¥ ol localion Raising Funds Ch8ritable Actlvltl•s Other Year Ended 31103r2022 Costs directl char ed to activities Lègal & Prol8sglonal Audit & Accountancy logs Manag8rnent Fog Dlr8Ct Direci Direct 4,824 2,100 7,670 4,824 2,100 7,670 ortc General Nnning costs Allocation 578 578 15,171 15.171 ANALYSIS OF NEf ASSEfs BEnvEEN FUNOS: Unrestri¢lgd Fund Rg¥trI9d Fund8 Total Funds 3110312022 Tangible Fixed Assets Inv8slrneJts Ilixed and curr?nll cUtrnt Assèts 1,869,674 115,1491 1,869,674 197,852 12,5221 2.065,005 213,Wl 12.5221 210,480 Current Liabilitiés 1.854,525 ANALYSIS OF CHAR ABLE FUNDS.. Bal8neè at 31103121 Income Expendhure Transfers G8ins I (Losses) Balance at 31103122 rs R?¥trlcted Funds 1.705,987 148,538 1.854.525 Unre8trietèd Funds Dé8ignat8d Funds General Funds 173,766 51,885 {15.1711 210,480 1,879.753 51.885 115,171) 148,538 2,055,ODS 24