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 LIM￿ED
(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 (2021￿2. £1.87rn), mainty due to ad￿TtiOns 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.
Bon￿ll8
Osprey Quay ￿ nine hertares ol open space in Porfand, Dorset, w￿h includès flood dBlences. open space areas ol the buslnes8
park the promonade b¢lw¢gn Portland CastEe and the Mari￿ Thè srte i% nesued be￿een the waterfront and thè S￿ling 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 r￿reatIonal Infrast￿ctur0 and
svJnage. The site has prowdgd a vduable and safe g￿en 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 sur￿￿￿ndIng St￿eWOl￿ 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 TrL￿1eeS ol that co￿Pany.
OSPREY QUAY MANAGEMENT SERVICES COMPANY Um￿ED 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 Di￿tOr on 13 S6PtÈmber 20￿1.
PRINCIPAL AND REGISTERED OFFICE
7 Birchwood One
Dewhurst Road
Birchwood
Warrington WA3 7GB
PROFESSIONAL ADVISORS
The charitles maln admsors are..
EXTERNAL AUD￿oRs
Saffery LLP
71 Queen Vicloria Slreet
London
EC4V 4BE
SOLICITORS
The Charity with The Land Twst
opèr*es a IrarTrework agr8ement ￿[h
various solritors. Fi￿rts 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 throu￿0￿1 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)v￿aS 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 well*ping 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 ir￿Idents invofviry volunteer8, corrtradors, or visilors lo
the site. All staff have completed training sessions outlining he￿th and safety reSpOr￿1b1litses 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 Stat￿ent 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¢S￿nsIble IDr ensuring proper aeeounb"r*J 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 sp￿the#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 pu￿SeS 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 p￿lIC benefit
The pubTic
cons8rvation.
n8
e provision
an
orac
e puryxjse e
erasapu
Ic amenity or In It8 pr￿erva
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 I￿v8r 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 wh￿h 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 d8￿g￿8t8d 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 nurnl￿r ol categorTres:
Generdt Funds
- these funds can b& used lor any of Ihe Charity's chariiable purposes
Deslgnated Funds
thasè fun(Lg, wh￿h 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
Unrè￿rl¢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 organisati￿S 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 Chaim￿n'S Report.
PRINCIPAL RISKS AND UNCERTAI￿lEs
Th8 Charit￿5 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 charit￿8
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 da1￿1 peNodically by the Au(ffi Gommitiee.
T.htreharitVs-approachf(*res8e￿￿s*1￿-a-Wid&eo￿tte1trWlth.emph&4i￿Oft-stra1?9I￿en￿r0RrnentaI-and-@P￿r&ti0NakrJ6k&I
addition to thg morg familiar areas cTrl fina￿la1 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 AUD￿oRs
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 th￿selveS 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 i￿ludeS 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 fina￿la1 statements ol Osprey Quay Managetnont Servtce5 Company Limited Ic*r the ygar ended 31
March 2023 which comprise Ihe statement of financial activihes, balance shee( statement ol cash flows notes to the
financial Stat￿lentS. including signilicanl accounb'ng poliues. The tinanci￿ reporting framework thal has been applied in
their preparation is appI￿a￿le 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 I￿r 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 d￿ri￿d 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 aL￿1t 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 finar￿la1 statements 15 aFyropriale.
Basèd on the workwe have perfonned, we have not identffied any material Uncert￿ntI88 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 M￿th$ from when the fina￿lad statements are authorKsed for issuo.
Our responsibilities and the reSponsi￿1￿.￿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 eXpl￿Tt￿ stated in our report, we do not oxpress any lom ol
assurance conclusion tha￿￿rn.
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 concl￿8 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 underStan￿ng 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 foll0y￿ng 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 fina￿la1 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 re￿iVed 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 tr￿￿te&S detertnine is n￿SSary
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 con￿rn 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-c0mp1iar￿e 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 engL￿ment 2nd th8 8Xt8nt to wh￿h 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 t￿￿teeS and management, disC￿S1on$ wthin our audit team planning
mééting, Ljpdating our rÉeord ol intsmal controLs and ensuring these contro15 operated as intend￿. We evaluated possiblB
Incéntivès and o￿ortUnItia$ lor fraLJdulent man4)uLition ol the fina￿la1 Stat￿ents. Wp Identified laws and regulations that
are ol Signif￿anCe in the context ol the charitable company by discL￿S1OnS 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 pol￿1&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 ￿gulatIor￿S Qr knowled￿ of any actu￿, Suspected or alleged fraud. We addressèd the iisk
ol fraud through manag&ment ovèrride of corrtrols by testing thg approp1iater￿sS 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 norn￿1 course ol b￿na$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, I0￿ry 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 Co￿vany,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 reSp￿sibIlIty to anyone otherthan the charitable cotryany andthe rharilabl¢ ￿[nPan￿8
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 Act￿ltieS
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 As￿18
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. jud￿ments 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 acCoYd￿e 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￿ p￿sented 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, $08k3 to ggnerate m￿rn￿M income
om its investrnent portfofio.
WÈ continuè to raviaw and prepare long t&mi lorecasls and projectiorts to show that..
The pr(>j¢¢led in¢ome from endowment and site fund is suflicient to meet rts expected operating costs and
Tho Conlribulion margin earned from the management of these sites. plus the DIsenga￿rn8nt Grant, is sufficient to meet
enlral costs such that the Trust generth ￿11 equate Wo￿[￿9 Capttal to remain linancialty sustainabla in the long lemi.
Tha Trustéès havè tharèlorg conb'nued to adopt the Going Conc8m basis in preparing thg annu￿ Vinancial Statements.
INCOME
All income is recognisod once Ihe Tnjst has anlitlement to the Sncom&. rt is PTobabSe that the income wlll be ro¢eived And the
arnount ol incom8 r6caivable can be measured rdiably.
Intetsst on funds held on deposil is accrued and the amount ¢an be measU￿d reliably by the charity., this is normalty upon
notification ol the interEs1 payable by the bank. ONidend5 are r￿QgnISed once the dNidend has be8n déclarad and notrfication
has been receiv￿1 of the dividend due. This i% ntsmially UPDn notikabon by our investment advisor ol tha dividend yield ol tho
invgstsnent portfolio.
DONATED SERVICES AND FACILfTIES
Donalod prolgssional semces and donaled facilities are recogni5ed as itlctsme when the Charity has eontsol ovèr tha it&m.
any conditions aSs￿lated wlth the dDnaled rtem have been tnel, thp receipt of economic benefit from th8 usè by thè charity
ol tho ilcm is Probab￿ and that econom￿ benefit can be rneasured reliably. In accordance with the Charilig5 SOFIP (FAS
1021, the g8n8ral volunta8r knm6 ks not racogni8ad and rèlèr tr) thè trust&es' annu￿ report lor rnore Info￿ation about their
conlribLrtion.
On receipt, donated prolessional seTwces and dOr￿ted I8￿1￿11e$ 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&Co￿lS￿d 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 8X￿nditur6 i￿l￿deS all expen(fmJre Ass￿ated 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 v￿u9 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 p￿sent L*Trligatton 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 liBtMI￿8s ol a kind that qualty as basic financial instruments. Basic financial
instruments are initially r8cognised at transaet#)n v￿u￿ and subsèquenuy measured at their settlem8nt value wfch the
ex￿ptIOn 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 fina￿1￿ activities overthe life ol the lease.
GAINS AND LOSSES ON INVESTMENTS
All gains and losses are taken to the Statètnent ol Financial Act￿￿t￿ as they aris8. Realised gains and losse8 on investments
are calculated as the differen￿ betwe6n sa￿S pr￿eedS and th8iT opening carying value or Ihgir purcha￿ value il acquired
Bubsequent to the first day ol the financial year. unra￿15&d gains and losses are cakulated as the drfferenca between the lair
value at Ihe year end and their canyirKJ V￿Ue. RealKsed and unre￿￿8d investrnent gains and losses are combined in the
Slatement of Financial Activities.
FUNDS STRUCTURE
Funds held by the group are..
Unrestricted gene￿1 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￿ pu￿OseS.
Reslrict6d fvnds
T.heS8*fe.ItjndAhat.eanY￿￿be-used.fQFPartieU1a￿re$tr1eIethpurP0sesl¥lthl￿the.8bj￿t*oIl￿e-T.rust-Regtr￿Kln*ans@"Whorn
spècilléd by the donor or when lun(Ls are raised lor part￿ular 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 S￿￿luseS 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 In1￿m8 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 INCOME￿xPENDrruRE..
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 & un￿alised GaiJWILo88e81
Market Value as al 31st March 2023
167.2711
1.972,403
148,$38
1,869.674
Year Ended
31103120YJ
Y8ar Ended
3110312022
Year Ended
8110312022
Year Endgd
3110312022
UK
UK
Overse88
Invèstments represented by.
Listad Inv8S
tll8nls
Balar￿ed Funds
1.972.403
1,869,674
1.972A03
1,869,674
Inveslmon15 are held prirnarity to PTovide investrnant irume to manage and MaInt￿n 1he charity's gite$.
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 LIM￿ED
(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? EX￿ndhU[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 Obl￿￿Ve$ al the disc￿l[0n of tho T￿￿te2$.
D•slgnat•d lunds
Th¢so funds have b8en earrnarked out of unrestricted lun(Lg by thg Trustees lor Speur￿ pu￿OSe$.
Historical eompgJab18s ar9 shown in Note 19.
13
NOTES TO THE STATEMENT OF CASH FLOWS..
Y￿r Ended
3110312023
Year Ended
3110312022
R￿0￿clI14t1on of net Income to net cash fftow from O￿Taling activitie5
Npl income lor the repo￿n9 period las per Ihe Statèmallt of FInarK1￿ Actiwbesl
Ad￿uStMenls 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 c￿PanY i￿￿Tred before meMbe￿h￿) ceased.
As al a1 March 2(Y23, th8 company had one M9mber131 March 2022". on81.
16
CAPITAL COMmITME￿r$.
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 a￿OuntS lorThe Land Rostoralion
Twsl are available lo tho public and can b8 obtained from Companies Ho￿e 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 INvESTME￿s
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¥trI￿9d
Fund8
Total Funds
3110312022
Tangible Fixed Assets
Inv8slrneJts Ilixed and curr?nll
cU￿trnt 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