OSPREY QUAY MANAGEMENT SERVICES COMPANY LIDAITED (A company Ilmited by guarantee) YEAR ENDED 31 MARCH 2025 Registared Company No 9689992 Ragistered Charlty No 1166655 OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limited by guarantee) YEAR ENDED 31 MARCH 2025 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 COMPARABLES FROM PREVIOUS FINANCIAL YEAR 23
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company Ilmlted by guarantee) YEAR ENDED 31 NIARCH 2025 CHAIRMAN'S REPORT Ospr8y Quay Management SeNices Limited 58 a charty that Is commltted to managlng Ihe green spaoe at Osprey Quay for the benaffit of communltie8. Investments Over thg period 1 $1 April 2024 to 31st March 2025 the value ofthe Inv8stments held by tha company docreased by 4.860 (2023124.. Increase of 9.050AI to £2.05rn (2023124: £2.15m). A favourable incom8 ylgld on our Inv8stmants of 2.9D/o {2023124: 2.7¢A) enable8 U8 to manage our sites su8tsinably to achleve our charltable outGomes and to fund future Improv8m8nts. Boneflts Ospr8y Quay Is a picturesqu8, nin&-h8ctsre open spac8 Ioc8t8d In PDrUand, Dorset, ne8tled beBen the histD)iG Portland Castle and the marfna, Thls vlbranl spaca, whlch playad a key role duting the 2012 Summgr Olympics as a sailing venue, combines natural beauty with practtcal amenlties, including flood defen¢es, a buslngss park and a promonado leading to the renowned Chesll Baach. 116erve6 a8 a cheri8h8d greon Space forthe local Communlty, offering a serene environment by the wat8rfrDnt. Ourmalntenanc& efforts continued to focus c)n pré88rvlng tha site's beauty and functlonalltythroughouttheyear, This included regular grass cutting. verge trimmlng and the upk88p of ralsed beds and am8nlty trees to 8n8ur8 th8 landscape remained vibrant and welGoming. We also carrled out regular site Gleansing wh5ch Included Ilttle coll8Ctlon, bln emplying and the prompt r8moval of any fly- tiPP8d waste to maintain cleanliness. Th8 ongolng malntenance. repair and replacement of infrastructure continued, ensuring that Osprey Quay continues to be a well- malntained and enjoyable spac8 for all vlsltors. No slgnlficant work8 were und8rtak8n in 2024125, how8ver we did Identify a potential issue with the fiood defences. Investlgatlve works have been completed wlth idantlflgd r8medlal works du8 to take place in the y8ar ahead. Alan Carter Cha5rman 2 Octobèr 2025
OSPREY QUAY MANAGFMENT SERVICES COMPANY LIMITED (A company limitod by guarantee) YEAR ENDED 31 MARCH 2025 TRUSTEES, REPORT.. LEGAL AND ADMINISTRATIVE STRUCTURE Osprey Quay Management seNis Compariy Limited is a charlty reglstered wllh the Charlty Commlssion In England and Wales No. 1166655, it obtained its oharitable status on 21st April 2016. The charfty's governlng documents arg Its Articlas of Association. Tha sole member of the company is The Land Restoratlon Trust Llmlled {The Land Trust). The charity operates wthin the 8ame Polici8S and Procedures of The Land Trust. The Land Trust operates a Financ8 & Audlt, Investment, Reinuneration & HR and Nomlnatlons Committea that reports to the Trustèes of that Company. OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED DIRECTORS Th@ Directors of th& chaiity are ils Trustees for the purpDs8 Df Company Law and Ihroughout this report are ¢ollective)ly ref'orrad to 88 th8 trusts8s. The Iwste8s who $gNed throughout the year were Alan Cartgr, Jamlo Obank and lan Bettoley. PRINCIPAL AND REGISTERED OFFICE 7 Birchwood One D8whurst Road BlrchwDod Warrlnglon WA3 7GB PROFESSIONAI. ADVISORS The charlties main advi80r8 are: EXTERNAL AUDITORS Saffery LLP 71 Queen Victoria Street London EC4V 4BE SOLICITORS The charily with Tlie Land Trust operates a fr8rn8work agregm8nt with various $01lcltors. Flmis ar8 taskad from time to time acrording to thelr expertlse. BANKERS Barclays PIC 1 st Floor 3 Hardman Slrget Spinningfields Manchester M3 3HF INVESTMENT MANAGERS CCLA Invostmgnt Managem8nt Ltd 1 Ang85 Lane London EC4 3AB GOVERNANCE AND MANAGEMENT Trustee$- rècruitment and amoluments Our trustees have been recrulted to provlde the sklllti and experienc6 requirod to govern the charily. The trustoes, who comprise the Board of the charily, did not receive any r@muneralion from the charity during the period. Wh8n recruited, trusl8es are inducted by attending workshops and other training arrang8d by th8 8xecLrtive. Trav811ing and sub818tence gxpensgs Incurred by tho tnjsteos on Board buslnass amounted lo nll. The trustses have benefited from Trustee Indemnity insurance throughout the year. The Board The Board usually meets four times a year, addltlonal ad hoc meeljngs of the Board ortrustees take place during the year. Key Personn61 Tha charity has no dlr8ctly 8mployad stsff. The Irustees act es key managernent personnel and are not remunerated, any addltional services provlded are the parent chartty and so all employee pollcles are set at Group level.
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limited by guarant6e) YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES Hoalth and Safety The Board consldors the health, safety and well-boing of volunteers, suppliers and visitors to our sltes as a govemanca prlorlty. The Board is ultlmately responsible for compllance wlth Hoalth and Safety laglslatlon. Th& day-to-ddy rgsponsibility 18 delegated to the Chief Executive and the Chief Financial Offic8r of The Land Trust. who are togethar rasponslbl@ fDr compllance, rel@vant policy development and perft)rmance. Durfng the course of the y8arth&ro wer8 no significant accldants or Incidents involving volunlgers, contractors, or vlsltors to Ihe site. All 8taff have Gomplgted training sesslons outllnlng h8alth and safety re8ponslbillties of the org8nisation and tho individual employees as expressed In the Health and Saf&ty at Work Act 1974. The chaiity has th8 Systems in place to onsura thas& responsibilities are rnet, We Gonlinue to work closely wlth our managlng agent to develop robust and complemontary best practlca. Financial Roportlng Tha trust&a8 (who are also Dlreclor8 of 08pr8y Quay Man8gemenl Servlce8 Company Limlted fortha purpos6s of Company Law) are rasponsible for pr8paring th@ Truste8s' Annual Report and the financial statements In accordance with appllcabla law and Unitsd Klngdom Accounting Standards (Unltad Klngdom Generally Accepted Accountlng Practice). Company law requires the trustees to prepare flnanclal statements for aach flnanclal yearwhich givg a tnJ8 and fair viow of the 8t8te of affairs of th& charitsble company and of the incomlng resources and appllcallon of resources, including the incom8 and @XP8nditur8, ofthe ch8riiab1e company for that period, In preparing these flnanclal statements. tha trustegs ara required to.. salgGt suitable accounting polici@s and then apply them consistently., observe the methods and princlples1n the Charities Stat8m8nt of Fiacomm8nded Pr8CtiC8 (SORP)., make judgmants and @stlmates that are r888Dnab18 and prudent. state wh8lh8r appllcable UK Accounting Stsndards have been followed, subject to any matarlal departures disclosed and explaln8d in th8 financial stat@ments', and prepare the financial statements on the golng concern basls unl8ss It Is Inappropriale to prgsume that th8 charllab18 Company will continue in business, The trustees are respons5bla for onsurlng proper accounting r8cords ar8 kept that disclose with reasonable accuracy at any time the financlal posltlon of the charitable company and anable them to ensur8 that thg financial Statements comply with the Companies Acl 2006, They arè also r&sponsible for Syafeguarding the assets of the charitable company and the group and hence for taking raasonable steps for thg pr&venllon and datection of fraud and other irregularities, OBJECTIVES AND ACTIVIMES The Charfty'8 objects {Yhe Objects.) are 8P8cifically restricted fio the following., To promote the cons8rvation, protectlDn and Improvement of Ihe physical and natural environment anywhèra In -Qsprey-Quay-and-insofar-as-may-be-oharitable according40-the-laws-of_England_and_Wales In_other_parts_of_tho Unitad Klngdom. PUBLIC BENEFIT A charity is required to meot one or more of the pr88crlbad charitable purpose8 as Set out in the Charities Act 2011. In planning th8 charity's acllvltles, the truslees have had regard to the Charity Commisslon's guidanc8 {RR2 - Promotion of urt)an and Rural Regen8ralion} on public benefit. The publlc banaflt li&s in Ihe provi85on of land for a Charitabl8 purp08e elther as a publ1¢ amenlty or in its preseTvation or consenfatlon.
OSPREY QUAY MANAGEMENT SERVICF.s foMPANY LIMITED (A company Ilmlted by guarantee) YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT ACHIEVEMENTS AND PERFORMANCE A summary of the activit1es undertaken by the charity dudng the ye<ar and its achievemonts and performance are set out in th8 Chairman's R8POrt. FINANCIAL REVIEW Overvlew and Income The principal source of Income for the charity in 2024125 w88 Inv8strnent Income. Capitsl rec@Ipts ar6 invested to gensrato Inv8stmant Income whlch Is usfad to cover tha cost of managing Osprey Quay ft)r public benefit. The charity r8caiv&d £nil of slte fundlng In y&ar ended 31 March 2025 (2023124., £nll). The Gharities investmerit Income provldes Ihe ongoing revenue to fund the pharitable activities. During the year Investment income was £0.059m {2023124'. £0,058m). Volatility in the mark9t conditions has resulted in a fall In th@ valua of tha Investmants at thè 6nd of th8 2024125 flnanclal year of £0.100m (2023124,. gains of£O.179ml. Modelling of the investment income indicates Ihat the charity Should not have a gDing Goncern i88ue and further steps have b@en laken to ensure this is the case. othertrading activitl6s income forthe year 6ndlng 31st March 202b Is £1,070 {2023124: £300), Expenditure Total gXP8nditure in 2024125 wa8 £0 041 m (2023124.. £0.023m). Thls repres8nts tha &xpendllur6 In relation to the flood barrlgr at Ospray Quay and th8 operatlon oftha charity. The expendilure in relallon to the fluod barrier Is perfodio, in some years the malntenance and repair costs are higher than others due to the nature Df the works required on the barrier. The charfty generated a not incomlng resourc6 sutplus (bafore Galns & Lossas on Inv6Stments} of £0.019m 12023124,. £0.035ml. The $ury)lus is tak8n to the Trust's res8rves and those funds with restrictlons are held to be appli8d in aGcordance with the restrfctions. Financial Investment Policy and P8rformance The charfty's Investment PoliGy Is In line with the Investment Pollcy of ils member (the Land TNst}, Ihls is reviewed by The Land Trust's Investment Commlttee whlch sets out the long-lerm investment objectives. These are essentially to generate a level of income to meet its related site expenditure whilst maintaining the long term purchasing pow&r of capital and inccime ag8inst inflalion. The valuo of the portft)lio was £2,1 m as at 31 March 2025 (31 March 2024.. £2.2m). Flnanclal Reservos The trustees ensure that an adequate level of reserves Is malntained to enable the charity lo manage financlal rlsk and -ensure_th8r8_.iS. SLrfficient.funding_for_the.long A8nn_financing.of.slte_maintenanc8..___...... When the charitytook on Osprey Quay, it committed to keeplng th@ slte open to th8 publlc In perpetulty and it mustth0refor8 plan overtho longtemi. How8ver, as Incoming resources are mainlygenerated from investment returns, the charity is subject to the effects of short term volatillly in these returns. The charity ensures thal, in the f8c@ of potentially volatile investment returns, adequate liquid resource8 are held to meet short term maintenance cost commitments. Expendlture on Osprey Quay is funded through a comblnation of sarvlce charg8s and Invastmant Incomo genoratgd from the investment of site fundlng received on acquisltlon. Expendlture Is carefully planned not to exceed available funds,. for example, if investment income We to decrease, the level of expenditure to which the charily cotmmits would also decrease. The charity monitors ils res&Nes, 8nabling il to maintain an adequate level of r6sarvas to CDver any short term Short fall in invgstment income. The charfty also revlews Its central overhead commltments both to ensure they are commensurate wlth the needs of the organisation and the lev81 of free reserves held is adequate to meet these obligations. Followlng on from the designation of th8 08prey Quay site General Funds, at the beginning of th8 2018119 Financial Ygar, the Charity no longer has free raseNes. The trustees consider that these designated fvnds are similar to free reserves as th&y have been designated for the sole purposp ofthg managBm8nt of Ihe Osprey Quay sito.
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limited by guarantee) YEAR ENDED 31 MARCH 2025 The charity is buildlng up Ils deslgnal8d funds In case of a catastrophic 8V8nt at Osprey Quay, Such as the dostrudon of the flood barrierfollowing a storm. As at 31st March 2025 th& leval of d&signated reseNes is £0.31rn (2023124: £0.30m}, The charlly has clear policies an rps8tve8 and its designation of funds, th8 charlty conslders that thase PDllcl8s remain approprlate and proportlonat6. Should the charfty take on further sltes In the United Klngdom, thg trustees would revigw this designatlon of funds, Currently there ar8 no plans for the Charily to take on any further slt2s, Th8 charity holds raseNas to b8 applied to Arture activities in a number of categories., General Funds these funds can be used for any of th8 charity's charitable purposes D&slgnatad Funds these funds, whlch are otheTwlse unr8Strfcted, are 9armarked by Iha trustees for the management of Osprey Quay. Restrlcled Funds th&sa funds ar& applied to tha varfous sp&cific purpo8e8 intended by the donors Unr88trlct8d Funds These compris8 the General Funds and D8slgn8t6d Funds. The General Funds at 31 March 2025 amountrad to £nll (2023124: £nil). The Designated Funds at 31 March 2D25 amounted to £0,31m (2023124: £0.30m). This reprèsants funding d88ignal8d for site maintenanca. Restrlcled Funds At 31 March 2025 the Rostrict&d Funds amounted to £1.86m12023124: £1.95m). These fijnds ara Inv8Sted in th8 charity's long tsrm dlscratlcinary inv8Strn8nt porifolio. Related Parties These are th8 trust88s and member organisatlolls and detalls of thgse Iransactions are set out In Nots 17 under Related Party transactlons. PLANS FOR FUTURE PERIODS The charity's plans for future periods are sel out in the Chalmian's Report. PRINCIPAL RISKS AND UNCERTAINTIES Th8 charity's rlsk management processes are deslgned to enabla tha Board, on the advice of th8 Finance & Audit Committee whlch considers r8POrt8 from the Land Trust's Chief Financial Offlcer, to conclude wh&th8r tha major risks to which the charity is exposed hava been Identified and r8viewed, and systems and procedures hav8 been ostablished to mltlgat8 those risks. The charity has currently Identified the main risks as'com romis8 in Cy_bgr Sacurlty, Internal and ext8mal fraud and failure to adher& to GDPR R8gulations and failure to Implement technologlcal advances, and 'linpacl of adv@rae change8 of---- economic and politi¢al conditions.. Major risks 8re those which have a ¢omblned hlgh impact and probabllity of occurring and would, if they occurred, have severe impact on either operatlonal perFormance or achlevam8nt of purpose and c)bJ8Ctlvas, or could damage Ihe charity's r8PUtatlon. The tNste@s concentrate their offorts on ensurlng that th8 most Sgrfous rfsks are being managad effectively. Th8s8 ar9 r&ported regularly to the Board and are also considered In detall periodically by the Financ8 & Audit Committa6. The charity's approach addresses risk in a wlda context, with &mphasis on strategic, environmental and Dperational rlsks In addition to the more familiar areas of financlal risks. complianca wlth statutory requlrem8nts and inl8rnal control procedures. The charity 88ses8es risk in terms of its financial and reputatlonal impacfi and its impact on tha delivery of it8 k8y objectives. We are confid8nt that our methodology enables US to identify and manage the major rlsks faclng the Gharity. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS The Irustees have confirmed that, as far as they are aware, there Is no relevant audil informadon of which the auditors ar8 unaware, Each of the trusta8s has Gonfirmed that th8y hav8 taken all the steps that they ought to have taken as trustaes. In order to make themselves aware of any relavant audlt information and to establish Ihat il has been communlcated to the auditors.
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limited by guarantee) YEAR ENDED 31 MARCH 2025 AUDITORS A resolution to re.appoint Saff8ry LLP will b8 proposed at thg forthcoming Annual General M8eting. The Trustees Report, which Includes Ihe Dlroctors Report and Strateglc Report, was approv@d by thg Board on 2 O¢tobgr 2025 and sl thelr behalf by., Alan Ca Chalrnian
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limitod by guarantee) YEAR ENDED 31 MARCH 2025 INDEPENDENT AUDITORS REPORT TO THE TRUSTEES AND MEMBERS OF OSPREY QUAY MANAGEMENT SERVICES LIMITED Oplnlon We hava audited tha financlal statements of Osprey Quay Management Servi8 Company Limiled for the yoar ended 31 March 2025 whlch comprlse the statement of financial aclivities, balance she8t, stat8ment of cash flows and notes to th8 financial statements, including significant accounting policies. The financial reporting framework that has bean applied in their preparation is appllcable law 8nd Uni18d Kingdom Accounting Standards, Includlng Financial Reporting Standard 102, th8 Financial Reportlng Standard appllcablg In the UK and Republlc of Iroland (Unlted Kingdom Generally Accepted Accountlng Practlc81. In our opinion the financi81 statements: glve a tru8 and falr vl8w of the charitable company'8 State of affairs as at 31 MarGh 2025 and of its incoming resources and appliGatlon of resources, Including its incomp and expenditure, for the year Ih&n 8ndad,' have been properly prepared In accordanc8 with United Kingdom Generally Accepted Accounting Practlce., and have been prepared in accordanca with th8 Companies Act 2006, Basls for oplnlon We conducted our audit in accordanco with Int8rnational Standards on Audltlng (UK) {ISAs IUKI) and applicable law. Our r8sponsibilitl88 under th088 Standards ar8 further d&scrlb8d In th8 Audltor's responslbllllles for the audit of the financial statem6ntS Section ofour roport. Wg are Indopendent ofthe char1table company in a¢¢ordance with the ethical requirements that are relevantto our audlt of the financlal statements in the UK, Including the FRC'S Ethical Slandard, and w8 have fulfilled our other ethical responsibilities in accordance with these requirements. W8 b81iev8 thatth8 audit evidence we have obtalned is sufficient and appropriate to provid8 a basis for our opinlon. Conclu81on8 r8latlng to golng concern In audltlng the financial staiemgnts, we have concluded that the Iruste8S' US8 of the going Concern basis of accountlng In the preparalion of the financial sL8temenls is appropri8t8. Based on tho wort<w6 hav8 pgrformed, w8 hava not identiled any malerfal uncertainties relating lo events or conditions that, Indlvidualty or collectively, may cast signlflcanl doubt on the charitable company's ability to continue as a going conc8m for a perlod of at least twelve months from when the financial ststemenis are authoris8d for issu8. Our respon8ibilitl88 gnd the r88ponsibilities of th@ tru8te9s wlth respact to golng concem are descrlbed In tho relevant s8ctiDns of this roport. Other Infomiatlon The other infomiation comprises the information includ&d In tha annual report, other than the flnanclal statements 8nd our auditor's port thoraon. The tmsteas are responslble forthe otherinformation. Our opinion on the financial statement8 doe3 not ¢OV8r Ihe other information and, except to the extent otherwise explicitly ststed in our report, we do not express any form of assurance conclusion thereon, Our rgspon8ibility-i8-to-read-thg- 0th8r infomiatlon-and--In dolng-so,-eonsider whether-th8-other-Information-itrmatedally inconslstent wllh tha financlal statements or our knowledge obtalned In the course of the audit or otherwlse appears to be materially mlsstatèd. If w& Identify such material inconsistencies or apparent malerial misstat8m8nts, we are required to detennlne whether this glves rlse to a material misstat@ment in the financlal slatements themsolv8s. If, basèd on the work we havs performed, we concludg thatther8 is a material misstatament Df thls other information we are requlr8d to r8portthafi fact. Wa hava nothing to report in this regard. Opinions on other matters prescrfbed by th8 Compan188 Act 2008 In our oplnlon, based on th8 work undertaken in the course ofthe audlt: tha infonnation glven in th& Trusteos, Annual R8port whlch Includes the Directors, Report and the Strategic Report forth& financial yearforwhich the financlal statemenls a prepared is consistent with the financial slalem8nts,' and th8 Tru8tse8' Annual R8POrt which includes tha Dlr8Ctors' Report and the Strateglc Report has been prepared in accordancg wllh appllcable legal requirements.
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company Ilmlted by guarantee) YEAR ENDED 31 MARCH 2025 Matter8 on which we are required to report by exception In th8 light of the knowledge and und&rstsndlng of lh8 charltabla company and Its envlronment obtslned In tha coursa of the audit, we have not identifled matgrial misstatemgnts In Ihe Trustees, Annual Report. We have nothing to report In respect of the followlng matters where Ihe Companies AGf 2006 requires US to report to you if, in our oplnlon-, adequate accountlng records have not been kept, or retums adequate for our audit have not been reEefved from branches not Vistted by us- or th8 flnanclal stat&m8nts ar8 not In agre9ment wrf(h the accountlng records and returns,. or ¢ertaln d5s¢losura$ of tru$taa$' remuneration specified by law ar8 not mado. or we have not recgived all th& infomiation and explanations we requlr6 for our audit. or th8 tNstees were not entitled to prepare the financial statements In accordance wllh the Srndll companles reglme and totake advantage ofthe small companies exernption in preparing theTrustees' Annual Report and the Strategic Report, Responslbllltles of tru$tees A6 explained more fully in th8 Trustees, Responsibililies Statem@nt s8t out on pag6 5, the trust@es (who are also directors of th8 charitabl8 company for th8 purpos8s of company18w) ar8 r88ponsible for th8 pr8paration of the financial statements and for being 8atisfied that they give a true and falr vlew, and for such Internal control as tha trustaas detgmilno Is nocessary to enablg Ihe preparatlon of financial statements that are free from materfal mlsstalement, whether due to fraud or error. In preparing the financial statements, the tstee8 are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicabl8, mattBrs related to going conc9m and u8ing th8 going concern basis of accounting unlp.ss th& tru8ts88 either Intend to Ilquldatg tho charllabl6 company or to cèase operatlons, or hava no rgallstlc alternativa to do so. Auditor's responsibililies for the audst of the financial statements We hav8 be8n appoint8d 88 audilor8 under th8 Companies Act 2006 and report In accordancg th regulatlons made under that Act. Our oblectlves are to obtaln reasonable assurancp about whether the financial Statements as a whole are free frorn material misstatement, whether due to fraud cir error, and tc) issue an auditor's roport that includ88 our apinion. R8asonabl8 assuranc8 IS 8 high18vg1 of as8uranc8, but is not 8 guarants8 th8t an audit conductgd in accordance with ISAS (UK) will alway8 detect a mat&rial misstatement when it exists. Misstatements can arl8a from fraud or error and are considared matsrlal If, Indlvldually or in the aggregate, they Could reasonably be expeGtsd to influence the economlc declslons of users taken on the basls of these financial statements. Irr8gulariti&s, including fraud, ar8 instanc8s of nonwcompliance with18ws and regulations. We design procedures in line with our responsibiliti&s, outlined above, to detect matorlal mlsstatamants In raspact of Irregulari88, includlng fraud. Tha spaclfl¢ procedures for thls engagement and the extent to whlch these are capable of detectlng irregularltles, Includlng fraud ar8 detailgd below, Identifying and.assessing.rt8ks.relaled.to irregularitie6:_ Wa assessad th8 SUSC8Ptlblllty of th& charitsbl& company's flnancial statements to material misstatemgnt and how fraud mlght occur, including through disGussions wlth tha trustees and management, dls¢ussions within our audlt team plannlng meeting, updatEng our r8Gord of internal controls and ensuring these controls operated as Intended. We evaluated possible incentives and opportunitles for fraudulent manipulation of the financial statemgnts, We identified laws and regu18tions that are of slgnificance in the context of the charitable company by dlscusslons wlth trustaes and manag@m8nt and updatlng our und8r8tanding of tha sactor In which tha charitable company op8rates. Laws and regulations of direct significance in the conlext of the charltable company Include The Companles Act 2006, and guidance issued by the Charity Commission for England and Wales. Audit response to risks id8ntifi8d'. Wg consldared the axtant of compllance wlth these laws and regulations as part of our audit procedures on the relaled flnanclal statement ttems Includlng a revlew of financ181 statement dis¢105ures. We reviewed the charitable company's records of breaches of laws and regulations, minutes of meeting8 and correspondenc& with relevant authorities to identify polgntial material misslaternBnts arising. W8 discuss8d th8 charitable comp8ny'8 pDIici88 and procedur8s for compliance with law8 and regulations with m8mbers of management responsiblg for compllance. During the planning meefjng wlth the auditteam, fihe engagement partner drew attention to Ihe key areaswhich might involve non-complianc8 with laws and regulatiDns orfraud. We enquired ofmanagem8ntwhetherthey were aware of any instances of non-complianc8 Wlth laws and r8gulatiDns or knowlgdge of any 8Ctual, 8U8pect8d or alleged fr8ud. We addr8ssed the risk of fraud through management override Of controls by tasttng tha approprlatanass of journal 8ntrfas and Idantlfylng any slgnificanttransactionsthatwer8 unusual oroutside the nornal course of busSness. We assessed whethBrludgements made
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limited by guarantee) YEAR ENDED 31 MARCH 2025 in making accounting 8Stimates gave rise to a possible Indlcatlon of management bias. At the completlon stage of the aud1( the &ngagement partneV8 rev18w included 8nsuring that the tearn had approach&d th&ir work with appropriate professional SGepticism and thus the capaclty to Idantlfy non-compliance with laws and regulation8 and fraud. There are Inherent Ilmitation8 ill the audit procedures dascrfbed above and the further removed non-compllanca wlth law8 and regulations is from the events and transactlons reflected In the financial statemgnts, thg18ss Ilkely wg would bocome aware of it. Also, the dsk of not detectlng a material mlsstatement dua to fraud Is hlghar than the rlsk of not detecting one resulting from error, a8 fraud may Involve dellberate conc8alment by, for examp18, forggry or intentlonal Mi$preSantaI1Ons, or thmugh collusion, A furth&r description of our rasponsibilltl8s Is avallable on the Financial R8porting Council's w8b8it8 at., www.frc,o .ukla nslbll les. Thls descrfpllon fomis part Df our auditrJf'8 raport. Use of our report This IBPOrt 1$ mad8 solely to the charltable company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has been undertaken 80 that we might stat8 lo th8 charitable company's members those matters we ar8 requifftd to stste to them In an audltor's report and for no other purpose. To th8 fullest 8Xtent P8rmilted by law, we do not accept or assume responslbllity to anyone olher than tha charftable company and the Gharitable compan8 memb9 as a body, for our audit work, forthis report, or forthe opinlons we have fomed, Cara Turtington (Senlor Statutory Auditor) for and Dn bghalf of Saff8ry LLP 71 Qu88n Vlctorla Street London EC4V 4BE Statutory Auditors Date.. IÉ (kbkn-ZO Saffary LLP Is ellglblG to act as an auditor in tsrms of 88ction 1212 of th8 Comp8nies Act 2006
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company Ilmlted by guarantee) YEAR ENDED 31 MARCH 2025 STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2025 Note Unrestricted Funds Reslricted Funds Year Ended 3110312025 Y8ar Ended 3110312024 Income from: Olher Trading Aclivitips Investments Total Income 1,070 59,079 60,149 1,070 59,079 60,149 300 58,313 58,613 Expondlture on: Ralslng Funds Charltabla Actlvlttas Total expenditure 40.697 40,697 40,697 40,697 23,487 23,487 Net (lossesygains on investments (8,814) 191,403) (100,2171 178.538 Corporation Tax Net Incomol{exp8ndltur8) 10,638 (91,403) (80,7651 213,664 Transfers N6t Movemonl in funds 10,638 (91,403) (80,765) 213,664 Reconclllatlon of Funds Total Funds brought foM8rd Total Funds carried forward 299,000 309,638 1,948.868 1,855,465 2,245,868 2,165,103 2,032,204 2.245,888 12 The charity has no recognised gains or losses othar than as ststsd in the Statement of Flnanclal Actlvllles. Historlcal comparables are shown In Note 19. 12
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limited by guarantee) YEAR ENDED 31 MARCH 2025 BALANCE SHEET AS AT 31 MARCH 2025 Note 3110312025 3110312024 Flxed Asse1$ Tanglble ass@ts Investmonts Total Flxad A8s9ts 2,050,724 2,050,725 2,150,941 2,150,942 Current Assets Dgbtors Ca$h In bank and In hand Total Current Assets 20,416 106,653 127,069 14,652 88,773 103,425 14 Llabllltlog Cr8ditors.' falling dua wtthln one yaar 10 {12,691) (8.49g) N8t Current Assets 114,378 94,926 Total Net A880ts 2,165,103 2,245,868 Tho fund8 of th6 charity.. Restricted Funds Unreslrlcted Funds Total Charfty funds 12 12 12 1,855,465 309,638 2,165,103 1.946,868 299,000 2,245.868 The financial statements wore approv&d by th6 truslgas and authorlsod fDr Issue on 2 Octobèr 2025 and slgnad on Its bghalf by.. Alan Truslee 13
OSPREY QUAY MANAGEMENI. SERVICES COMPANY LIMITED {A company limited by guarantee) YEAR ENDED 31 MARCH 2025 STATEMENT OF CASH FLOWS Year Ended 3110312025 Year Ended 3110312024 Note Net cash provided by (used in) operallng actlvltl8s 13 (41,1991 118,972) Cash flows from Inv8Stlng activitlas,, Divid@nds, Interest and rents from investmonts Net cash usod In Investlng actlvltl6s 59,079 59,079 58.313 58,313 Cash fl¢)ws from flnanclng actlvltles: Additions to Slte fundlng Net cash provldad by flnancing activltles Change In cash and cash equivalents in the reportlng p8rlod 17,880 39,341 Cash and cash 6qulvalènts at the beginnlng of the roporting pertod Cash ancl cash 8quivalants at the end of the reporting period 88,773 106,653 49.432 88.773 Chango in ca8h and cash equivalent8 In tho reportlng perlod 14 17,880 39,341 14
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED {A company Ilmlted by guarantee) YEAR ENDED 31 MARCH 2025 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ACCOUNTING POLICIES: Osprey Quay Managem&nt S61ViCgs Company Llmlted Is a charity registered wlth the Charlty Cornmlsslon In England and Wale$ No. 1166655, it's regislered addr8ss Is 7 Blrchwood On8, Dewhurst Road, Blrchwood, Warrlngton, WA3 7GB The principal accounting poll¢le8 adopted, judgements and key 80urces of estim8tion uncertainty in the preparation of th8 fin8nGial ststernents are as follows: BASIS OF PREPARATION AND ASSESSMENT OF GOING CONCERN The financlal 8tstements have been prepared in aG¢ordance with Accounting and Reporting by Charities: Ststement of Recommended Practlcg appllcable to chariti&s preparing their accounts in accordanc6 With th& Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 102) (SgGond editionl- (Charities SORP (FRS 102)), tho FlnanGlal Reporilng Stsndard 8pplicabl8 in the UK and R8publlc of Ireland (FRS 102) and the Companl8s Act 2006. The charty constFtutes a publlc beneflt entlty as deflned by FRS 102, The financlal statements ar6 presentad In starling, round to tha nearest pound. The charlty has a clear focus on managing its cosls and, worklng wlthln Its appettte for rtsk, 8eek8 to generate maximum Income from Ils Investment portfollo. We continue lo review and prepar8 long t8rm for8cast8 and projections to show that.. Th8 proj8Ctad income from the endowment and site fund Ss sufflcl8nt to meat Its expectsd operating costs and Tha contrlbutlon margin eamed from the management of these sltes, Is suffldent to meet ¢entra5 cosls such that the chaiity wlll generate worklng capltal to remain financlally sustainable in the long temi, The truslees have ther@for8 COntinu8d to adopt th8 going conc8m b8818 in preparing thg annual Financial Statsmants. INCOME All inGome is cognis8d onGe the charity has entitlement to the income, it is pbabIe that th8 income will b8 r8C8IV8d and th8 amount of Incom? receivable can b8 measur8d r81iably. Intargst on funds held on deposit Is accrued and the amount can be measured rellably by the charlty,. thls Is normally upon notlficalion of the interest payable by the bank. Dfvldends are recognised once the dividend has been declared and notification has been receiverj of the divldend due. This is normally upon notification by our investment advisor of the divid8nd yi8ld of th8 investm8nt portfolio. DONATED SERVICES AND FACILITIES Donated professional servlces and donated facilities are recognissd as incorne when the charity has control over the item, any condilions associat8d with th8 donated itsm have been m8t. the receipt of economic b6nefft from th6 use by th& Charlty of th& ilem is probable and that economlc benafll can ba maasurad rallably. In accordanGe with the Charities SORP (FRS 102), thé general volunlaer time is not recognised and refer to the trustees, annual pOrt for more information about their contrlbution. On rgC@ipt, donated professional 8eNices and donatsd facilities ar8 recognisad on Iha basls of tha valug of the gift to the charty which is the amount tha charlty would hava been willlng to Pay to obtaln services or facilities of oqulva18nt aconomlc benefit on the open markat; a corrgsponding amount is then r8GOgnised in expenditure In the period of recelpt. INVESTMENT INCOME Investment Income 18 recognised on a recoivabla basls. EXPENDITURE Liabilities ara racogni88d as ra8ourc&8 expended as soon as there is a legal or constructive obllgatlon commttting the charlty ID that expenditur?. Expendttura Is racognlsed when. and to the axtent that, a liabilty is Incued or increases wlthout a commènsurate increase in recognised assets or decrease In Ilabillties. All expenditure is accounted for on an accruals basis and Is classlfled under appropriate headings that aggregate a15 costs relating to the category. Irrecoverable VAT 18 chargod against the category of resources expended forwhich ilwas incurred. CHARITABLE EXPENDITURE Charitable expendTture inGludes all &xpenditure associaled wilh the charily's ch8ritabl8 activitiBS, including support costs. Supportcosts includ8 c8ntral offic8 funclions Such as ggn&Tal managgment, financo and accounting, IT and human resource$. 15
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED {A company Ilmlted by guarantee) YEAR ENDED 31 MARCH 2025 OTHER EXPENDITURE oth@r @XP6nditure represents Ihosg items not falllng into any other head1ng. TANGIBLE FIXED ASSETS Tangible fixod assets are statsd at hS$torfcal cost, Freghold land 18 nofi dapraclated. FIXED ASSET INVESTMENTS 1nv8Stments are slated at mld-price value at the balancg 8heet date. DEBTORS Trade and other debtors are recognlsed at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepald net of any Ir8de discounts due, CASH AT BANK AND IN HAND Cash at bank and cash In hand includes cash and short term hlghly Ilquld Investments wlth a sliort maturity of three monlhs or less from the date of acquisition or Opening of the deposit or similar account. CREDITORS AND PROVISIONS Credltors and provlslons are recognised where the charfty has a present obllgat1on resulling from a past eventthatwill prDbably result in the transfer of fvnds to a third party and the amount due to settle the obligation can be measured or estimated reliably, Creditors and provisions ar& nomially recognised at their setllernenl amount after allowing for any trade discDunls du?. FINANCIAL INSTRUMENT.S The charity only has financial assets and finanr,lal liabilitles of a kind that qualify as basic fin8nGial ints*uments. Baslc flnancial instruments are initially recognised at transaction value and subsequenlly measured at their settlement value with the 8XC8Ption of bank IDans which arB subsBquenlly measur8d at amortised cost usirig the effective inler6st m&thod, LEASING COMMITMENTS Rentals paid under operating leases are chatued to the 8tatemenl of financial activltles over the life of the lease. GAINS AND LOSSES DN INVESTMENTS All gains and losses are taken to the Statemonl of Financlal Acllvltles as they arfse. Reallsed galns and losses on investsments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the fir81 day of the financial year. Unr@alis&d gains and Ioss8S are calculated as th8 difference between the fair value at tha y8ar end and their carrying value. Realised and unrealisod investment gains and losses are combined In the statement of Flnancial Acttvities. - FUNDS.5TRUCT.URE__..___...___....................................__..........__......................._......__...._.._.___.. Funds hald by the group are.. Unrestricted general funds These are funds whl¢h can be used In accordance wllh the charitable objects at the dlscretlon of the trustees. D&slgn8tad funds Thase fvnd$ have been garmarkgd out of unrastrlcted thnds by tha trus190s for spgclflc purposos. Re8tricl@d funds These are funds that can only be used for particular restricted purp08es within the objects of the charity. Restrictions ari88 when specified by the donDr or when fund8 are raised for partloular restricted purpose8 CORPORATION TAX Ospr8y Quay Management Semces Company Limited, as a registered charity, is exempt from Corporation Tax under the CorpDratlon Tax Act 2010 (chapters 2 and 3 of part ii, section 466 OnWat8) or Section 256 of the Taxation fDr Ch8rgeable Gains AGt 1992. to the extent that surplusas ara applled to its charitable purpDse9. 16
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limitèd by guarantee) YEAR ENDED 31 RCH 2025 OTHER TRADING ACTIVITIES: Unrestrl¢tèd Funds R88trlctsd Funds Yoar Ended 3110312025 Sitp Activitles Miscellanaous Incoma 750 750 320 320 Total 1,070 1,070 Yèar End8d 31103124 300 300 Income from 81t& activit188 relate8 to surveyor fees incurred durlng a lease negotiation at Osprey Quay. Mlscallanaous income reprasents seNi¢e chargé Incoma from tha managamant of tha sarvlce charg6 Site. Hlstorlcal comparabl88 ara shown In Nots 19. INCOME FROM INVESTMENTS.. Unrestrfcted Fund8 Restricted Funds Year Ended 3110312025 Bank Interest 233 233 Inl8rest & Dividends from Investments 58,846 59,079 58,846 59,079 Year Ended 31103124 58,313 58,313 Historical Gomparables are shown In Notg 19. TRUSTEES, REMUNERATION.. Expenses clairned by the trustses in 2Q24125 totslled £nll (2023124: £nil). The trustees received no remuneration In 2024125 <2023124,. £nll}. Tho trustees reLeived no paymentforgoods orservices in 2024125 (2023124- £ nil) and the charity had no employe88 In 2024125 (2023124.. none). 17
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED {A company Ilmlted by guarantee) YEAR ENDED 31 MARCH 2025 ANALYSIS OF EXPENDITURE: Basis of Allocation Ral8lng Funds Charitable Activiti8s Other Year Ended 3110312025 Costs dlrectl cha ed to activities Site Maintenance Direct 17,015 17,015 Evgnts Dlroct Insurance Direct Lsgal & Profas$lonal Audlt & Accountsncy fees Irrecov6rab16 VAT Dlract 8,868 2,650 8,668 2,650 Dlrect Direct Management Fees Dlrect 11,371 11,371 Su orl costs allocatgd to activitlgs General running costs Marketlng Allocation 993 993 Allocatlon 40,697 40.697 Unreslrlcted Funds Restrlcted Funds Year Ended Year End8d 31103125 Raising Fund6 Charitable Activilies 40,697 40,697 40,697 40,697 Total Expenditure Year Ended 31103124 Fialslng Funds Charitabl8 Acliviti88 -Total"Expendilurr"""""'"'""____"'""'""""__""'__" ____" "'"" '"''"" """" '"'" 23,487 .28,487-_ 23,487 -23,487 Basis of Allocation Cost allocation includes an element of judgement and the charity has had lo consider the cost: benefit of detai18d calculations and record k&eping. 88ses for calculatlon Includ8: Speclflc costs have been attributed where possible Overheads have been allocated to sites on the basis set out in the individual funding agreements cth8r costs have been allocated based on management 8Stimat8s of usag8 Osprey Quay Managemanl Servlcas Company Llmlted has no directly employed staff. The management fees includes an element in relation to the management of the land that 18 not operated underthe seNice charge. Hlstorlcal comparable8 are Shown in Note 19. 18
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company Ilmited by guarante8) YEAR ENDED 31 MARCH 2025 CORPORATION TAX Th8 main activity of the charity Is to provide charitabl8 activitles, therefore no Corporation tsx is payable on any surplus from these actlvlles. NET INCOMEIEXPENDITURE.. Year Ended 3110312025 Year Ended 3110312024 This 15 statgd after ¢harg1ng'. Audltor8' Remuneration External Auditor8 Current Yaar Audlt F66S 2,e50 2,550 FIXED ASSET INVESTMENTS: Yoar Ended 3110312025 Y8ar Ended 3110312024 Market Value as at 1st ApTII Additions 2,150.941 1,972,403 Disposals Net invastment Reallsod & Unrealised (LossesllGain8 Markot Value as al 31st March 2025 (100,217) 2,050.724 178,538 2,150,941 Year Ended 3110312025 Year Ended 3110312025 Year Endod 3110312024 Year Ended 3110312024 UK Overseas UK Overseas ""Investments represented-by". Llsted Investrne Balanced Funds 2,050,724 2,150,941 2,050,724 2,1 $0,941 Investmants are hold primarily to providé Invastmant Income to manage and maintain the charity's sites. The fixed asset investments are held In managed fijnds and managed by CCLA, howev6rwithin thi8 balanc8d fund th8 shar8holding is diver5ifi&d to minimise any risks. The historic cost of the Investments as at 315t MarGh 2025 was £1.5m (2023124.. £1.5m), based Dn a weighted average calculalion. 19
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company11mlted by guarantee) YEAR ENDED 31 MARCH 2025 DEBTORS.. Y8ar Endod 3110312025 Yaar Ended 31103r2024 Amounts falling due wlthin one year., Arnounts owed from Group Und8rtaking8 Prepayments & A¢crued Income VAT Receivable 2.091 18,325 14.549 103 20,416 14,652 10 CREDITORS.. Year Ended 3110312025 Year Cndod 3110312024 Amounts falling dua within one year.. Trade Credltors Amounts owed to Group Undertaklngs Accrual8 & Deferred Income 845 611 12,690 12,691 7,043 8,499 11 ANALYSIS OF NET ASSETS BETWEEN FUNDS.. Unrostrlctsd Funds Rèstrfcted Funds Total Funds 3110312025 'Tangible-Fixed-Ass818 Investments lflxed and currentl Curr8nt Assels 180.110 142,218 (12,e91) 309,638 1,870,614 {15,149) 2,050,724 127,069 {12,691) 2,165,103 Current Liabilities 1,855,465 Hlstorlcal comparabl&s are shown in Nots 19, 20
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limit6d by guarantee) YEAR ENDED 31 MARCH 2025 12 ANALYSIS OF CHARITABLE FUNDS: Balance at 31103124 Income Expondlture Transfers (Losses) Balance at 31103125 Restricted Funds Unrèstrlcted Funds 1,946,868 (91,403) 1,855.465 Designated Funds Goneral Fund8 299,000 60,149 {40,6971 (8,814) 309,638 2,245,868 80,149 (40,6971 1100,217) 2,165,103 Restrlcted Funds C6rtain land agreements have r8Strictions on the expendlture of any Income which is gained from tha Invoslad capltal. Th8 income can bg used only to mainlain Ihe sites noted in the agreements. General Funds Thg general funds can be used in accordance wth the charftable objectives at th9 dlscretlon of tha trustses. De$lgna16d funds These funds have been eamiarked out of unrestricted funds by the trust&es for specific purpose8. Historical comparab18s ar8 shown in Note 19. 13 NOTES TO I'HE STATEMENT OF CASH FLOWS.. Year Ended 3110312025 Year Endèd 3110312024 Recon¢S1iatlon of n8t Income to net cash flow from operating activiti08 Net income for the reporng perlod las per tho Statement of Financial Acflvltlgs) Adlustrnents for., Dlvldends, interest and rents from investments (Gains) I losses on Investrnents . DB.creas.g_1 (In0rRasB)thLde_&Lo Increasa l (dacr8asa) in creditors Nel cash provlded by {us8d In) oporatlng actlvltles (80,7651 213,664 (59,07g) 100,217 158.313) {178,538) 15,764)- 4,192 4,617 (41,199) (18,972) 14 ANALYSIS OF CHANGES IN NET DEBT Balance at 31103124 Cash Flows Balance at 31103125 Cash and Cash equlvalents Cash 88,773 17,880 106,653 88,773 17.880 106,653 21
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company limited by guarantee) YEAR ENDED 31 MARCH 2025 15 GUARANTEE COMPANY AND LIABILITY OF MEMBERS., Ospr8y Qu8y Man8g8m8nt S8rvic88 Company Limited is a company Ilmltsd by guarants& and thergfore do@s not have any share capltal. The Ilablltty of m8mbers 1$ Ilmlted. In the event ofthe company belng wound up durlng a member's period of membershlp or wlthln Dne year afterwards, an amount nol exceeding the sum of £10 may b9 required from that rnemb8rtowards the payment ofthe debts and li8bilities of the cornpany incurred before memb&rship ceased, As at 31&t March 2D25, th8 company hsd on8 member13181 March 2024.. one). 16 CAPITAL COMMITMENTS: Tharg ware no capltal commltments at 31st March 2D25 (2023124.. £nlll. 17 RELATED PARTY TRANSACTIONS: Durlng the y8ar, Thg Land Tru8t (Parent Company) recharged expenses of £77412023124., £878) and gxpondlture Incurr9d wlth them amounted to £8,209 (2023124.. £7,871). At 3151 March 2025 thg debit balance with The Land Trust was £2,09112023124', Credit of £611). 18 ULTIMATE PARENT COMPANY Th& ulJmats parent company Is Th& Land RestOTation Trust (Reglstered Charfty No.. 11838337}, also IncOOrated In England and Wales. The Land Restoratlon Trust provldgs18nd ft)r public amenity or in its preservation or conservation. The Land Fiestoration Trust is the smallest and largest group for which consolidated acc()unts ar8 prepar8d. The consolidated accounts forThe Land R88toration Trust are available to the public and can b8 obtain8d from Compani88 House or Charity Commission, 22
OSPREY QUAY MANAGEDAENT SERVICES COMPANY LIMITED (A company Ilmlted by guarante8) YEAR ENDED 31 MARCH 2025 COMPARABLES FROM PREVIOUS FINANCIAL YEAR: STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 MARCH 2024 Unrastrlcled Funds Re8trlcted Fund8 Ygar Ended 3110312024 Income from: other Trading Activities Inv6Stmgnts Total Income 300 58,313 58,013 300 58,313 58,613 Expendlture on: Ralslng Funds Charltable ActivlUes Total expendltura 23,487 23,487 23,487 23.487 Net galnsl(losses) on Invastmonts 15,703 162,835 178,538 Corpor8tlon Tax Net Incomel(exp8nditure) 50,829 162,835 213.684 Transfers Net Movement In fund8 50,829 162,835 213,664 Roconcillation of Funds Total Funds brought forward Total Funds carrled forward 248,171 299,000 1,784,033 1,946,868 2.032,204 2,245,868 OTHER TRADING ACTIVITIES Unrestricted Funds Restrlcted Funds Year Ended 3110312024 Site Activities MiscallaneDUS Income 300 300 Total 300 300 23
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company Ilmlted by guarantee) YEAR ENDED 31 MARCH 2025 INCOME FROM INVESTMENTS Unrestrlcted Funds Restrl¢ted Funds Year Ended 3110312024 Bank Intorost 741 741 Interest & Divldends from Investments 57,572 57,572 58,313 58,313 ANALYSIS OF EXPENDITURE Basls of Allocatlon Ralslng Funds Charltabla Actlvltl•s Other Year Ended 3110312024 edto ctivitles sita Malnt8nanc8 Events Direct Direct Insurance Dlrecl Legal & Professlonal Audit & Accountancy fees Irrecoverable VAT Direct 10,802 2.550 10,802 2,550 Direcl Dlrect Management Fees Direct 9.159 9,159 ort osts alloca General runnlng costs Marketing Allocatlon 976 976 Allocation 23,487 23,487 ANALYS15 OF NET AS'SETS"BETWEEN-FUND5: Unrestricted Funds Restricted Funds Total Funds 3110312024 Tanglble Fixed Assets Investrnents (fixed and current) Curr8nt Assets 188,Y24 118,574 18,4g9) 299,000 1,962,017 (15,14g) 2,150,941 103,425 {8,499) 2,245,868 Currgnt LIabilieS 1,946,868 24
OSPREY QUAY MANAGEMENT SERVICES COMPANY LIMITED (A company Ilmlted by guarantee) YEAR FNDED 31 MARCH 2025 ANALYSIS OF CHARITABLE FUNDS: Balanco at 31103123 Incoma Expondlture Transfers Galn8 Balance at 31103124 R8strlcted Funds UnrÈslrlct8d Funds Designated Funds General Funds 1,784,033 162,835 1,946,868 248.171 58,613 123,487} 15,703 299,000 2,032,204 58,613 (23,487) 178,538 2,245,868 25