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||||Page|
|---|---|---|---|
|Report ofthe Trustee|||1 to 8|
|Report ofthe Independent|Auditors||9to 11|
|Consolidated<br>Statement|of Financial|Activities|12to 13|
|Trust Statement of Financial Activities|||14|
|Consolidated<br>Balance Sheet|||15to 16|
|Trust Balance Sheet|||17|
|Consolidated<br>Cash Flow|Statement||18|
|Notes to the Consolidated|Cash Flow Statement||19to 20|
|Notes to the Consolklated|Financial|Statements|21 to 51|





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Indepèndent Auditor's Report to tho Twstee of The Katherina Martln
Charitable Trust
To addrgss thè dsk of fraud lhrc￿gh mana9gment blas ancl ovwrt(1g ol c￿1￿19, WÈ.
pwlormed gngtyti(*l to id8ntify any uNsual ￿ unexttcled relallonships",
tastéd ￿Urnal enlr*s lo kjentify unusual Iran5acdons'.
assessed wh8th8r iudgemenls and assumptions m￿e In detemll￿r0 the XCOLmliw esiknates were
indicatrvg of potentS81 blas., and
invesugalfyj the relh)Th8￿ b8hint1 sw3nifi￿nt or unusual trarwti￿s.
In reswnse to the ￿sk of Irregulariiigs ar)d nonwcoryliance wlh Lqws and regulallons. we des*ned
Ccgdures whith indud8d, bul w8r8 not Ilmll8d to-
agwing ffinanclal statement disdosures io underfyhg supr<rtng docUm￿l&l￿)n,.
reading the mlnutes of m991inw of ihose charged wth wvgm8Wè'.
enquiiing gf manag￿ent as lo actual and potential Ilug?tit￿ dalm¥', and
revlemryng correSpoTrJ￿G0 wlth ra￿vant wul8tws and18gal atrisofs.
Due lo the Inherent limilatlons of an audll. Ihere is a risk that we will nol del￿1 811 irrwlaitllès Ineludlng
Ihos8 18)ding lo 8 malerial misst8temenl In the flrbanclal slatements or wllh r￿UlatiOn.
Thig risk incre8ses the morfr Ihal comptsn¢g ￿th or wulalion i8 r8m0¥8d from th8 èv8nls and
lrnnsacll￿s refl*tad in th8 finanual slal8mÉnts. és we I￿11 be less Ilkely lo tecome aware ol Inslanc8s of
non.complianc*. Audlllng stsThJards al￿ limit tho audlt pmcsjdures requir￿ lo idgntify nw-C(vnpliance with
laws and regJL8￿Cffls lo enquiry of the diie(agts and other management and the Insrtion ol re9ulalory
and18981 c(xrgspc¥Klence. 11 any.
is also great8r f¢￿rding Irregularlues occwing due to fraud ralhw than error, •s fr8LvJ Inw0￿88
inlentfional ¢￿¢￿alM￿l, forgery, cc41usiDn. OMI￿￿n, or mis1￿[￿8￿18t1W.
A further de5crfp￿n of wr resporbsSbilllies i¥ availablè on the FIn￿CIal Rep￿ting Coundl'9 website al..
wWw.frG.org.uklC￿r-WDrkJA￿dI￿AUdit•an&15$uran¢e1SI0ThjarJS-and-QuIdancÈIStandarés-an￿-gu1d8ne4-
fcr.8uditorslAudltors-responsibililies-for-audlvD8scrfpllorfé-audttor8-rgsw￿SibIllkneS-fOr-8ud1I.asPx.T￿iS
forms part of our audlloT'$ report
Us• of our r•port
Th18 Tep¢Jrl 18 t[￿& solety lo Ihe Board xong behelt of Tw5tg9, a5 9 Bocty, in ￿￿rdanc• w*h Part
4 of thè Charltles IAc£ounls and Rèporls) Regula11￿& 2008. Our audii work ha9 L*en undertaken $0 Ihat
wg mighl stste lo the Trusie? those fflatte￿ we ￿￿ requlred to stalè to them In an auoitorfs Teport anLI for
no Ol￿r purp¢xe. To thg fullest 8%18nl permitlgd by 18w, we do r¥Jt 8cc8pl oi 8SSumÈ rtsponslblllty to
anyon8 other thar) th8 TrLk8t and the TIus1'8 Ttu$lèÈ as a 8tsJy, our aL*JII wort for Ihls repryl, cf for Ihg
oKxrtiOthS we have I￿rned.
N1th￿￿ ShlrAèy FCA (Senlor SLItMlwy Au¢Jllwl
for and ￿ beh￿1 of Smai1•8 Gokli8 thartw•J Ac¢ounlwls
Staiutcry Auditor
Regelll's Court
Pdncess Str881
Hull
Easl Yc¥l(shlre
HU2 8BA
20 (ktober 2021
li

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## 

|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||Notes|Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
|||||E'ODO|6'000|6'DDD|E'000|
|INCOIIING RESOURCES||||||||
|incoming resources<br>from|generated|||||||
|funds||||||||
|investment<br>Income|||2||49|49|49|
|Commercial<br>trade operation|||3|49,122||49,122|49,761|
|Total incoming resources||||49,122|49|49,171|49,810|
|RESOURCES EXPENDED||||||||
|Costs ofgenerating<br>funds||||||||
|Investment<br>management<br>costs||||||11|12|
|Commerdal<br>trade operations||||44,938||44,938|44,460|
|Dividends<br>paid from commercial||trade||||||
|operations||||||434|568|
|Charitable<br>activities||||||||
|Donations to beneficiaries|||||613|613|551|
|Total resources expended||||45,372|624|45,996|45,581|
|Nat income/(expenditure)||||3,750|(575)|3,175|4,229|
|Transfers between funds|||25|(451)|451|||
|Other recognised<br>galas/ (losses)||||||||
|Gains/(losses)<br>on investment|assets||15||368|368|(168)|
|Shares issued<br>in trading<br>company||||||98|8|
|Actuarial<br>gains /(losses) on delined|||27|(512)||(512)|165|
|beneiit pension schemes||||||||
|Tax on activities||||(651)||(651)|(1,012)|
|Net movement<br>in funds||||2,234|244|2,478|3,222|





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|ontinued||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|fund|fund|funds|funds|
|||||8'000|F,'000|8'OOO|L"000|
|Net movement||In funds||2,234||2,478|3.222|
|RECONCILIAllON<br>OF FUNDS|||25|||||
|Total funds|brought forward|||28,606|1,625|30,231|27,009|
|TOTAL FUNDS||CARRIED FORWARD||30,840|1,869|32,709|30,231|
|Attributable|to|parent||15,472|1,869|17,341|18,210|
|Attributable|to|non-controlling|25|15,368||15,368|14,021|
|Interests||||||||
|TOTAL FUNDS||CARRIED FORWARD||30,840|1,869|32,709|30,231|





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||||||2021|2020|
|---|---|---|---|---|---|---|
|||Notes|Unrestricted|Restricted|Total|Total|
||||fund<br>E'000|fund<br>6'000|funds<br>E'000|funds<br>f'000|
|INCOMING RESOURCES|||||||
|Incoming resources from generated|||||||
|funds|||||||
|Investment<br>income||||500|500|641|
|Total incoming<br>resources||||500|500|641|
|RESOURCES EXPENDED|||||||
|Costs ofgenerating<br>funds|||||||
|Investment<br>management<br>costs||||11|11|12|
|Charitable<br>activities|||||||
|Donations to beneficiaries||||585|585|525|
|Support costs||||28|28|26|
|Total resources expended||||624|624||
|Net Income/(expenditure)||||(124)|(124)|78|
|Transfers<br>between<br>funds|||||||
|Other recognised<br>gains/ (losses)|||||||
|Gains/(losses)<br>on investment|assets|15||368|368|(168)|
|Net movement<br>in funds||||244|244|(90)|
|RECONCILIATION<br>OF FUNDS|||||||
|Total funds brought<br>forward||25||1,632|1,632|1,722|
|TOTAL FUNDS CARRIED FORI/I/ARD||25||1,876|1,876|1,632|





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|or the year ended|31March|2021||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|fund|fund|funds|funds|
|||||E'000|6'000|P. OOO|E'000|
|FIXEDASSETS||||||||
|Intangible assets|||13|630||630|728|
|Tangible assets|||14|37,533||37,533|34,B79|
|Investments|||15||1,749|1,835|1,604|
|||||38,249|1,749|39,998|37,011|
|CURRENTASSETS||||||||
|Stocks|||16|5,037||5,037|4,573|
|Debtors: amounts|falling due within|||||||
|one year|||17|12,890||12,893|13,354|
|Debtors, amounts|falling due after|||||||
|more than one year<br>Cash at bank|||17|2,933<br>834||2,933|2,683<br>303|
|||||21,694|137|21,831|20,913|
|CREDITORS||||||||
|Amounts<br>falling due within||one year|18|(13,277)|(17)|(13&4)|(15,768)|
|NET CURRENT ASSETS||||8,417|120|8,537|5,145|
|TOTAL ASSETS|LESSCURRENT|||||||
|LIABIUTIES|||||1,869|48,535|42,156|
|CREDITORS||||||||
|Amounts<br>falling due after||more than||||||
|one year|||19|(5,965)||(5,965)|(5,168)|
|PROVISIONS FOR LIABILITIES|||23|(8,197)||(8,197)|(5,663)|
|NET ASSETS EXCLUDING PENSION||||||||
|LIABILITY||||32,504|1,869|34,373|31,327|
|PENSION LIABILITY|||27|(1,684)||(1,664)|(1,096)|
|NET ASSETS||||30,840|1,869|32,709|30,231|





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## 

|cr the year ende|d 31March 2|021|||
|---|---|---|---|---|
||||2021||
||||Total|Total|
|||Notes|funds|funds|
||||8'000|8'000|
|FUNDS||25|||
|Unrestricted|||15,472|14,585|
|Restricted|||1,869|1,625|
|Non-controlling|Interest||15,368|14,021|
|TOTAL FUNDS|||32,709|30431|



## 



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|||||2021|2020|
|---|---|---|---|---|---|
|||Restricted|Endowment|Total|Total|
||Notes|fund|fund|funds|funds|
|||E'DDO|E'000|E'ODO|E'DDD|
|FIXED ASSETS||||||
|Investments|15|1,749|7|1,756|1,525|
|CURRENT ASSETS||||||
|Debtors|17|3||3|4|
|Cash at bank||134||134|114|
|||137||137|118|
|CREDITORS||||||
|Amounts<br>falling due within one year|18|(17)||(17)|(11)|
|NET CURRENT ASSETS||120||120|107|
|TOTAL ASSETS LESSCURRENT||||||
|LIABILITIES||1,869|7|1,876|1,632|
|||1,869|7|1,876|1,632|
|FUNDS|25|||||
|Restricted<br>funds||||1,876|1,625|
|Endowment<br>funds||||7|7|
|TOTAL FUNDS||||1,876|1,632|





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|||||||||Note|2021|2D2D|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||8'000|8'000|
|Cash inflow from operating||activities|||||||9,755|9,033|
|Interest and similar charges||paid|||||||(303)|(472)|
|Taxation|paild||||||||(862)|(765)|
|Taxation|refunds|||||||||351|
|Net cash|inflow from operating||activities||||||8,590|8,147|
|Net cash|outflow<br>from<br>investing<br>activities||||and|servicing|of|S|(6,351)|(4,907)|
|finance|||||||||||
|Net cash|inflow/(outfiaw)<br>fram||financing|activities|||||792|(2,079)|
|(Decrease)/Increase<br>in cash and cash equivalents|||||||||3,031|1,181|
|Cash and|cash equivalents|at|beginning|ofthe|pened||||(2,062)|(3,223)|
|Cash and|cash equivalents|at|end ofthe|period|||||969|(2,062)|





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|a)|Reconclfiation<br>of Incoming<br>reso|urces|t|o net|cash inflow from ope|rating<br>activNes||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||E'000|E'000|
||Net incoming resources|||||3,175|4,229|
||Interest and dividends<br>received|||||(141)|(140)|
||Interest and similar charges paid|||||394|713|
||Dividends<br>paid to non-controfiing|interests||||434||
||Depreciadon<br>and ilmpairment<br>oftangible||fixed assets|||4,960|4,745|
||Amortisation<br>and impairment<br>of intangible|||fixed|assets||159|
||Profit on disposal oftangible<br>fixed|assets||||(163)|(38)|
||Share oflosses In joint venture|||||88||
||Benefits paid regarding<br>past directors<br>Landfill/aftercare<br>provision<br>adjustment<br>Carbon emissions<br>provision<br>ad)ustment|||||(89)<br>3<br>1,194|(86)<br>4<br>7|
||(Increase)/decrease<br>in stocks|||||(464)|(561)|
||Decrease/(increase)<br>in Irade and|other|debtors|||545|(1,623)|
||(Decrease)/Increase<br>in trade and|other|creditors|||(279)|1,056|
||Net cash flow from operating<br>activities|||||9,755|9,033|
|b)|Cash flow from investing<br>activities|||||||
|||||||2021|2020|
|||||||E'000|E'000|
||Dividends<br>and interest received|||||141|140|
||Payments<br>to acquire tangible<br>fixed assets|||||(6,899)|(4,648)|
||Receipts from sale oftangible<br>fixed assets|||||271|93|
||Payments<br>to acquire investments|||||(318)|(431)|
||Receipts from sales of investments|||||453|341|
||Deferred consideration<br>payments|||||(1)|(402)|
|||||||(6,351)|(4,907)|
|c)|Cash flow from financing<br>activities|||||||
|||||||2021|2020|
|||||||E'000||
||New loans<br>in year|||||2,500||
||Loan repayments<br>in year|||||(1,106)|(1,155)|
||Hire purchase<br>capital repayments|||||(266)|(364)|
||Receipts from new issue ofshares|in subsidiary|||undertakings||8|
||Equity dividends<br>paid to non-controlling||interests||ofcommercial|(434)|(568)|
||trading operabon|||||||
||||||||(2,079)|





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|equlv|afents<br>are in respect ofthese Balance Sheet am|afents<br>are in respect ofthese Balance Sheet am|ounts||
|---|---|---|---|---|
|Year|ended 31 March 2021||2021|2020|
||||E'000|E'000|
|Cash|at bank and|in hand|969|303|
|Bank|overdrafts|||(2,365)|
|||||(2,062)|
|Year|ended 31 March 2020||2020|2019|
||||E'000|E'DDD|
|Cash|at bank and|ln hand|303|301|
|Bank|overdraRs||(2,365)|(3,524)|
||||(2,062)|(3,223)|



|~)|Analysis ofchanges|Analysis ofchanges|In|net debt|||||
|---|---|---|---|---|---|---|---|---|
||Year ended 31 March|||2D21|||Other||
||||||||Non-cash||
||||||At 01.04.2D|Cash flow|changes|At 31.03.21|
||||||E'OOD|E'000|000|E'000|
||Nsl cash||||||||
||Cash al bank and|in|hand||303|||969|
||Bank overdrafls||||(2,365)|2,365|||
||||||(2,062)|3,031|||
||Debt||||||||
||Finance leases||||(488)|266|(219)|(441)|
||Debts falling due|within||1 year|(1,479)|(522)||(2,001)|
||Debts falling due|aRer 1 year|||(4,874)|(867)||(5,741)|
||||||(6,841)|(1,123)|(219)|(8,183)|
||||||(8,903)|1,908|(219)|(7,214)|





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|Unrestricted|Unrestricted|Unrestricted|Restricted|Restricted|Restricted|Endowment|Endowment|2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|
|||fund|||fund|fund||Total||Total|
||6'000||||6'000|9'000||f.'000||6'000|
|Dividends<br>end interest|||||49|||49||49|
|During<br>the<br>period<br>the<br>Trust|received||dividends||of 6450,971 (2020||k591,900) from||Its|subsidiary|
|undenaking<br>(singleton<br>Birch) that are||elimmated||from the consolidated|||statement|of Financial||Activiries|
|on consolidation.|||||||||||
|INCOME/(EXPENDITURE)<br>FROM COMMERCIAL|||||TRADE OPERATION||||||
|||||||||2021||2020|
|||||||||Total||Total|
|||||||||E'000||6'000|
|TURNOVER||||||||||49,668|
|Cost ofsakts|||||||(35,524)|||(33,943)|
|GROSS PROFIT|||||||13,359|||15,725|
|Administrative<br>expenses|||||||(8,932)|||(9,794)|
|||||||||4,427||5,931|
|Other operating<br>Income/(expenses)||||||||147|||
|OPERATING PROFIT||||||||4,574||5,933|
|Share of operating<br>loss in joint ventures||||||||(88)|||
|Interest race)vable and similar income||||||||||91|
|Interest payable<br>and similar charges||||||||(394)||(713)|
|PROFIT ON ORDINARY ACTIVmES||||||||4,184||5,311|
|BEFORETAXATION|||||||||||
|Dividends<br>paid to non-controlling|Interests|||||||(434)||(568)|
|NET INCOME/(EXPENDITURE)||||||||3,750||4,743|
|FROM COMMERCIAL TRADE|OPERATION||||||||||
|BEFORE TAXATION AND OTHER|||||||||||
|RECOGNISED GAINS/LOSEES|||||||||||



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|||2021|2020|
|---|---|---|---|
|||E'000|E'000|
|Exceptional|items||315|



## 

||||Unrestricted|Restricted|Endowment|2021|202D|
|---|---|---|---|---|---|---|---|
||||fund|fund|fund|Total|Total|
||||E'000|r.'000|E'DOD|E'000|E'000|
||Porlfolio management|||||1'I|12|
|5.|CHARITABLE ACTIVITIES||COSTS|||||
|||||Grant||||
||||Direct|funding|Support|||
||||costs|activitis|costs|2021|2D20|
|||||(see note 6)|(See note 7)|Total|Total|
||||E'ODD|E'000|E'000|E'ODO|E'000|
||Charitable|actwibas|||28|613||





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|6.|GRANTS PAYABL|E||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6'000|6'000|
||Donations to beneficiaries|||585|525|
||The total donations|paid to institubons|during the year was as follows:|||
|||||2021|202D|
|||||6'000|5'000|
||Bamado's|||195|175|
||NSPCC|||195|175|
||RSPCA|||195|175|
||||||525|
|7.|SUPPORT COSTS|||||



|||||Governance|2021|2D20|
|---|---|---|---|---|---|---|
|||Management|Finance|costa|Total|Total|
|||6'000|6'000||6'000|6'DDD|
|Resources expended||||20|28|26|
|NET INCOME/(EXPENDITURE)|||||||
|Net income/(expenditure)||is stated afier charging/(crediting):|||||
||||||2D21|2020|
||||||Total|Total|
||||||6'000|6'000|
|Depreciation<br>—Owned|Assets||||4,787|4,454|
|Depreciation<br>—Leased|Assets||||173|291|
|Profit on disposal of fixed||assets|||(183)|(38)|
|Amortisation<br>of goodwill|||||98|159|
|Release of government|grant||||(5)|(5)|
|Other government<br>grants<br>Other operating<br>leases|||||(145)<br>62|90|
|Operating<br>expense arising||from carbon emission|provisions||1,517|201|
|Auditors'<br>remunerabon|for|the audit ofthese accounts|||6|6|
|Auditors'<br>remuneration|—other services|||||52|
|Dividends<br>paid to external||shareholders|||434|568|
|Foreign exchange ditferences|||||24|(2)|





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|TRUSTE|ES' REMUNERATION<br>AND|BENEFITS||||
|---|---|---|---|---|---|
|||Group||Trust||
|||2021|2020|2021|2020|
|||E'ODD|f.'000|E'000|E'000|
|Trustees'|remuneration|||||
|M J Gardiner||29|29|||
|S R Counsell||78|78|||



|||2021|2020|2021|2020|
|---|---|---|---|---|---|
|Trustees'|expenses|E'000|f'000|E'DOD|E'000|
|Trustees'|expenses|||||



## 

|||Group||Trust||
|---|---|---|---|---|---|
|||2021<br>f'000|2020<br>E'DOD|2021<br>E'000|2D20<br>f'000|
|INeges|and salaries|6,266|6,405|||
|Social|security costs|705|663|||
|Other|pension costs|754|767|||
|||7,725|7,835|||



|The average<br>m|onthly<br>number ofempl|oyees<br>during the year wa|s as follows|||
|---|---|---|---|---|---|
|||Group||Trust||
|||2021|2020|2021|2020|
|||f'000|E.'000|E.'ODD|E'000|
|Executive Directors||4|4|||
|Non-Executive|Directors|2|2|||
|Production||72|79|||
|Administration||66|63|||
||||148|||





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|The number ofemployees<br>whose emplo<br>E60,000was:|yee<br>benefits (excluding|employer<br>p|ension costs) ex|ceeded|
|---|---|---|---|---|
||Group||Trust||
||2021|2020|2021|2D20|
|E60,001 —E70,000|2|2|||
|E70,001 - E80,000|5|4|||
|E80,001 —E90,000||1|||
|E90,001 - E100,000||1|||
|E100,001 - E110,000|||||
|E110,001 - E120,000|||||
|E120,001 - E130,000|||||
|E130,001 - E140,000|||||
|E140,001 - E150,000|||||
|F160,001 —E170,000|||||
|E190,001 - E200,000|||||
|E240,001 —E250,000|||||
|E250,001 - E260,000|||||
|Key management<br>personnel|||||
||Group||True't||
||2021|2020|2021|2D20|
||E'000|E'OOD|E'ODO|E'DOO|
|Remuneration||1,338|||



## 

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|The tax charge|on the profit for the|year was as follows:||||
|---|---|---|---|---|---|
|||Group||Trust||
|||2021|202D|2021|2020|
|||E'000|E'000|E'OOD|E'DOO|
|Current tax:||||||
|UK corporation|tax|472|819|||
|Total current tax||472|819|||
|Deferred tax||179|193|||
|Tax on profit||651|1,012|||





## 

## 

## 

|TAXATION —cont|TAXATION —cont|inued|inued||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Reconciliation<br>of||total||tax charge Included||||in profit and loss|||||
|The tax assessed||for the year||||Is lower than||the standard|rate|of corporation|tax In the|UK. The|
|difference|Is explailned|||below:|||||||||
|||||||||Group|||Trust||
|||||||||2021||2020|2021|2020|
|||||||||E'000||6'000|6'000|E'000|
|Prottt before tax||||||||4,184||5,311|||
|Profit multiplied<br>by||the standard||||rate of|||||||
|UK corporation<br>tax||19%(2020-19%)||||||795||1,009|||
|Effects of:|||||||||||||
|Expenses|not deductible||||for tax|purposes||95||87|||
|Additional|deductions||for qualifying||||R&D|(228)||(180)|||
|expenditure|||||||||||||
|Additional|deductions||in||respect|of share||(27)|||||
|options exercised|||||||||||||
|Consortium|relief|||||||16||(16)|||
|Dirferences|arising||from||change<br>in||tax|||112|||
|rates|||||||||||||
|Total tax charge||||||||651||1,012|||
|Tax elfects relating|||to|effects||ofother comprehensive|||income||||
|Actuarial<br>Movements||||||||Group|||Trust||
|||||||||2021||2020|2021|2020|
|||||||||E'000||y'000|E'000|E'000|
|Gross||||||||(632)||204|||
|Tax||||||||120||(39)|||
|||||||||(512)||165|||





## 

## 

## 

## 

||Goodwill|
|---|---|
||8'000|
|COST||
|At 1 April 2020||
|At 31 March 2021||
|AMORTISATION||
|At 1 April 2020||
|Amortisation<br>for year||
|Eliminated<br>on disposal||
|At 31 March 2021|351|
|NET BOOK VALUE||
|At 31 March 2021||
|At 31 March 2020|728|





## 

## 

|Group||||||
|---|---|---|---|---|---|
||Freehold|Landfill|Long|Plant and||
||property<br>E'000|site<br>E'000|leasehold<br>F'000|machinery<br>8'000|Totals<br>8'000|
|COST||||||
|At 1 Apdl 2020<br>Additions|118|14,230<br>596|5,016|93,896<br>8,523|113,260<br>7,118|
|Disposals<br>Revaluation<br>ad/ustmsnts||1,383||(012)|(O'I2)<br>1,383|
|Al 31 March 2021|118|16408|5,018||120,849|
|DEPRECIATION||||||
|At 1 April 2020||8,080|3,800|66,901|78,581|
|Charge for year||710|147|4,103|4,960|
|Dlsposals||||(799)|(799)|
|Revaluation<br>adjustments||574|||574|
|At 31 March 2021|||3,747|70,205|83,316|
|NET BOOK VALUE||||||
|At 31 March 2021|118|6,844|'t,269|29,302|37,533|
|At 31 March 2020|118|6,150|1,416|26,995|34,879|





## 

## 

## 

|end. Singleton<br>Birch<br>Include the fofiowlng:|'s|investments<br>a|t the balance|sheet date|in the s|har|e<br>capital|of comp|anies|
|---|---|---|---|---|---|---|---|---|---|
|Subsidiaries||||||||||
||||Class of|||||||
|Name of company|||share|% Holding|Nature of|business||||
|Birch Chemicals<br>Limited|||Ordinary|100%|Chemilcal|processing||and distribution||
|Birch SoluUons<br>UK Limited|||Ordinary|100%|Construction||and maintenance||of|
||||||bloges plants|||||
|Minsterport<br>Umited|||Ordinary|10P/o|Sale and|maintenanos||ofelectronic||
||||||weighing|equipment||||
|Birch Energy<br>Limited|||Ordinary|100%|Renewable||Energy|||
|Birch Haulage<br>Limited|||Ordinary|1 QQ'/o|Dormant|||||
|Birch Biolime Limited|||Ordinary|100'Yv|Dormant|||||
|Birch Lime Products|Limited||Ordinary|1Q0%|Dormant|||||
|Birch Minerals<br>Limited|||Ordinary|100%|Dormant|||||
|Birch Solutions (Technical Services)|||Ordinary|100%|Dormant|||||
|Limited||||||||||
|Wokfiime<br>Limited|||Ordinary|100'Yo|Dormant|||||
|Dedicated<br>VMI systems||Limited|Ordinary|100%|Dormant|||||





## 

## 

## 

## 

|Group|||||
|---|---|---|---|---|
||Listed|Cash|Unlisted||
||investments|equivalents|investments|Totals|
||E'000|E'000|E'000|E'000|
|MARKET VALUE|||||
|At 1 April 2020<br>Additions|1,273<br>316|245||1,604<br>316|
|Die pose la<br>Revaluations|(208)<br>368|(245)||(453)<br>368|
|At 31 March 2021|1,749||||
|NET BOOK VALUE|||||
|At 31 March 2021|1,749|||1,835|
|At 31 March 2020|l,273|245||1,604|
|Trust|||||



|Trust|||||
|---|---|---|---|---|
||Listed|Cash|Unbated||
||investments|equivalents|Investments|Totals|
||E'000|E'000|E'000|E'000|
|MARKET VALUE|||||
|At 1 April 2020<br>Additions|1,273<br>316|245||1,525<br>316|
|Disposals|(208)|(245)||(453)|
|Revaluations|368|||368|
|At 31 March 2021|1,749|||1,756|
|NET BOOKVALUE|||||
|At 31 March 2021|1,749|||1,756|
|At 31 March 2020|1,273|245||1,525|





## 

## 



## 

## 

|r the|year ende|d 3|1|hfarch 2021|||||
|---|---|---|---|---|---|---|---|---|
|16.|STOCKS||||||||
||||||Group||True't||
||||||2021|2020|2021|2020|
||||||E'DOO|E'000|'E'DDO|E'000|
||Stocks||||5,037|4,573|||
|17.|DEBTORS||||||||
||||||Group||Trust||
||||||2021|2D20|2021|2D20|
||||||E'ODO|E'DOO|E'DDD|E'000|
||Amounts|falling||due within one yean|||||
||Trade debtors||||11,240|10,905|||
||UK corporation|||tax|18||||
||VAT||||148|121|||
||Prepayments||and accrued ilncome||1,464|2,324|||
||Other debtors||||3|4|||
||||||12,893|13,354|||
||Amounts|falling||due after more than one year:|||||
||Amount-<br>Deferred|owed by )oint ventures<br> tax assels|||1,800<br>316|1,800|||
||Prepayments||and accrued income||817|883|||
||||||2,933|2,683|||
||Aggregate|amounts|||15,826|16,037|||



## 

||||Group||Trust||
|---|---|---|---|---|---|---|
||||2021|2020|2021|2D20|
||||000|E'000|E'ODO|E'DOD|
|Bank loans and overdrafts (see note 20)|||2,001|3,844|||
|Hilre purchase contracts (see note 21)|||271|255|||
|Trade creditors|||6,290|6,769|||
|UK corporation|tax|||372|||
|Social security|and other taxes||1,828|2,258|||
|Other creditors|||603|520|||
|Accruals and deferred||income|2,301|1,750|||
||||13,294|15,768|17||





## 

## 

||||||Group||Trust||
|---|---|---|---|---|---|---|---|---|
||||||2021|2020|2021|2020|
||||||f.'000|f'ODO|E'OM|f.'000|
||Bank bans and overdrafts (see note 20)||||5,741|4,874|||
||Hire purchase|contracts (see note 21)|||170|233|||
||Other creditors||||36|35|||
||Deferred government||grants||19|24|||
||||||5,965|5,186|||
|20.|BANK LOANS|AND|OVERDRAFTS||||||
||||||Group||Trust||
||||||2021|2020|2021|2020|
||||||E'OOD|E'DDD|E'DDD|E'000|
||Amounts<br>felling|due|within one year or on demand:||||||
||Bank overdrafts|||||2,365|||
||Bank loans||||2,001|1,479|||
||||||2,001|3,844|||
||Amounts<br>falling|due|between|one and two years:|||||
||Bank loans||||2,031|1,508|||
||Amounts<br>falling|due|between|two and five years:|||||
||Bank loans||||3,710|3,368|||
||Amounts<br>falling|due|iln more than live years:||||||
||Bankloans||||||||





## 

## 


|LEASING AND|HIRE PURCHASE CONTRACTS|HIRE PURCHASE CONTRACTS|||||
|---|---|---|---|---|---|---|
||||Group||Trust||
||||2021||2021|2020|
|Hire purchase|contracts||E'000||E'000|E'000|
|Gross obligations<br>repayable:|||||||
|Within one year|||300|285|||
|Between one and five years|||181|245|||
||||n81||||
|Finance charges repayable:|||||||
|Within one year|||2g|30|||
|Between one and five years|||11|12|||
||||40||||
|Net obligations|repayable.||||||
|Within one year|||271|255|||
|Between one and five years|||170|233|||
||||Group||Trust||
||||2021|2D20|2021|2D20|
||||E'000|E'000|E'ODO|E'D00|
|Non~ncellable|operating|leases|||||
|Net obligations|payable:||||||
|Within one year|||54||||
|Between one and five years|||218||||
|in more than five years|||54||||
||||324||||



## 

## 




## 

## 

## 

## 

||||Group|Group|Trust|Trust||
|---|---|---|---|---|---|---|---|
||||2021|2020|2021||2020|
||||8'000|5'000|5'000||E'000|
|Deferred tax|||1,523|1,148||||
|Other provisions||||||||
|Site restoration|||5,078|4,215||||
|Aftercare provisions|||135|121||||
|Carbon emlssions|provision||1,373|179||||
|Group share oflosses ki joint venture|||88|||||
||||6,674|4,515||||
|Balance at 31 March 2021|||8,197|5,663||||
||||Group||Trust|||
||||Deferred|Other|Deferred||Other|
||||tax<br>8'000|provisions<br>6000|tax<br>000|provisions<br>6'000||
|Balance at 1 April 2020|||1,148|4,515||||
|Provkled<br>during year|||59|1,520||||
|Amounts<br>recognised as||deferred tax|316|||||
|assets||||||||
|Settled during<br>the year||||(323j||||
|Unwinding<br>ofdiscounted||amount||66||||
|Revaluation<br>adjustment||to NPV||808||||
|Group share of losses|in|joint venture||88||||
|Balance at 31 March 2021|||1,523|6,674||||



## 



## 

## 

## 

## 

## 




## 

## 

|or the|year ended 3|1Aferch 2021|||||
|---|---|---|---|---|---|---|
|25.|MOVEMENT|IN FUNDS|||||
|||||Net|Transfer||
|||||movement|between||
||||At 01.04.20|in funds|funds|At 31.0321|
||||E'000|f'ODO|E'000|E'000|
||Unrestricted|funda|28,606|2,685|(451)|30,840|
||Restricted funds||||||
||Income fund||1,625|(207)|451|1,869|
||Endowment|funds|||||
||Capital fund||||||
||||30,231|2,478||32,709|



|Net movem|ent<br>In funds,|included<br>in Ihe a|bove are ss follo|ws:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movements|
||||resources|expended|losses|in funds|
||||E'DOO|E'000|f'000|E'MO|
|Unrestricted|funds||49,122|(46,023)|(414)|2,685|
|Restricted funds|||||||
|Income fund|||49|(624)|368|(207)|
|Endowment|funds||||||
|Capital fund|||||||
|TOTAL FUNDS|||49,171|(46,647)|(46)|2,478|
|Comparative|information|in respect ofIhe|preceding<br>pened|is as follows:|||
||||||Gains,||
||||Incoming|Resources|losses and||
|||At 01.04.19|resources|expended|transfers|At 31.03.20|
|||E'000|E'DOO|E'000|f'000|E'000|
|Unrestricted|funds|25,294|49,761|(48,030)|(419)|28,606|
|Restricted funds|||||||
|Income fund||1,715|49|(563)|424|1,625|
|Endowment|funds||||||
|Capital fund|||||||
|TOTAL FUNDS||27,009|49,810|(46,593)|5|30,231|





## 

## 

## 

|Net movement|Net movement|in funds|in respect of non-controlling|in respect of non-controlling|Interests are as|follows:|||
|---|---|---|---|---|---|---|---|---|
|||||||Gains,|||
|||||Share of|Dividends|losses|and||
||||At 01.D4.20|net income|paid|transfers||At 31.0321|
||||E'ODO|E'DDD|E'000|E'ODO||E'DOD|
|Unrestricted||funds|14,021|1,483|(434)||298|15,368|
|Restricted funds|||||||||
|Income fund|||||||||
|Endowment|funds||||||||
|Capital fund|||||||||
|TOTALFUNDS|||14,021|1,483|(434)||298|15,368|



## 

## 

## 



## 

## 

## 

## 




## 

## 

## 




## 

## 

|Amounts<br>reco|gnised<br>in the balance sheet were as follow|s:||
|---|---|---|---|
|||2021|2020|
|||E'000|E'000|
|Present value|of funded obligations|(32,573)|(30,079)|
|Present value <br>Fair value of <br>Unrecognised|of unfunded<br>obi)gafions<br> plan assets<br>actuarial gains on plan assets|(1,119)<br>32,028|(1,096)<br>31,466<br>~1307.|
|||~7004|~7,000|



|Changes|ln the|present value of the defi|ned<br>benefit obligations were|as follows:||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E'000|MOO|
|Opening|defined|benefit obligation||31,175|32,129|
|Interest|cost|||734|725|
|Actuarial<br>Benef)ta|(gains)rlosses<br> paid|||2,941<br>(489)<br>~7400)~7790)||
|Closing|defined|benefit obligation||33003|31 175|
|Changes|In the|fair value ofthe pension|plan assets were as follows.|||
|||||2021|2020|
|||||E'000|F000|
|Opening|plan assets|||31,466|30,773|
|Interest|income|||742|695|
|Actuarial|gains|||889|1,101|
|Contributions<br>made by the employer<br>Benefits paid||||~)tN0|~)703|
|Closmg|plan assets|||32,028|31,466|



|plan asset|s was as folkwvs:|||
|---|---|---|---|
|||2021|2020|
|||E'000|E)000|
|Bonds||15,259|16,690|
|Diversaed|growth|18,491|14,598|
|Other||278|178|
|||32,028|31,466|





## 

## 

## 

|The return<br>on plan assets|The return<br>on plan assets|was|was|as|follows:|follows:|follows:||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2021|2020|
||||||||||||E'DDD|E'000|
|Interest income|||||||||||742|695|
|Actual return on|plan assets||||||||||889|1 181|
||||||||||||1 891|1 198|
|The principal<br>actuarial<br>assumptions||||||used were as follows:|||||||
||||||||||||2D21|2020|
|Discount rate|||||||||||2 103'8|2 409%%d|
|Inflation (RPI)|||||||||||3.50y8|2.85V9|
|Allowance<br>for revaluation<br>af||deferred|||pensions|||of RPI|ar|5'%%d p.a, ifless|3,50y9|2.85'%%d|
|Albwance<br>for pension<br>ln payment||||increases ofRPI or|||||5'%%d pa if less||3.30%|2.80'y8|
|Alloww9ce far pension<br>in payment||||increases ofRPI or|||||5% p.a. ifless,||||
|minimum<br>3'Y8 p.a.|||||||||||3.8059|3.55'%%d|
||||||||||||10059of|100%of Post|
|Albwance<br>for commutation|||of|pension|||for|cash at retirement|||Post A Day|A Day|
|The mortality<br>assumptions||adopted|||at|31|March 2021|||Imply the fallowing|life expectancies|at age 60:|
||||||||||||2021|2020|
|Males retiring at|balance sheet|||date|||||||28.0years|26.0years|
|Females retiring|at balance||sheet||date||||||28.0years|27.9years|
|Males retiring<br>in|20 years||||||||||27.5years|27.5years|
|Females retinng|in 20 years||||||||||29.5years|29.5years|



## 

## 



## 

## 

## 

## 

||||||Group||Trust||
|---|---|---|---|---|---|---|---|---|
||||||2021|2020|2021|2020|
||||||f'000<br>f|f'000<br>f|f.'000|f'000f|
|Contracted|fcr but|not|provided|for in|||||
|the financial|statements||||1,024|1,144|||



## 

## 

|Entities over which|the|entity has control, joint cont|rol or significant<br>influence||
|---|---|---|---|---|
||||2021|2020|
||||f'DOD|f'DDD|
||||f|f|
|Sales|||160|139|
|Recharges at cost|||101|230|
|Purchases||||(37)|
|Loan note interest received|||90|90|
|Loan notes due from|related party||1,800|1,800|
|Amount<br>due from related||party|202|155|
|Amount<br>due to related|party||||





## 

## 

##