2021-03-31-accounts - Bowles Rocks Trust Limited

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			Page
Trustees' annual report			1-12
Notice ofannual general		meeting	13
Independent	auditors'report		14-18
Consolidated	statement	offinancial activities	19
Consolidated	balance sheet		20
Balance sheet			21
Consolidated	statement	ofcash flows
Notes forming	part ofthe financial statements		23-33

Royal Patron	His Royal Highness	The Duke of Edinburgh,	KG KT
President	The Earl De La Warr
Chairman	Martyn Styles
Patrons	Jarvis Astaire, OBE
	Brian Blessed
	Lady Foley
	Derek Strauss
Trustees	Martyn Styles (Chairman)
	Andy Blundell
	Mike Darbyshire
	Alan Gardner
	Helen Ogden
	David Unwin, QC
	Catherine Gallagher
	Mick Bradshaw
	Rosalind Stokeld
	Peter Wilson
Adviser to the Trustees	Stephen Horscroft

Both companies trade under the comm to both:	Both companies trade under the comm to both:	on identity "B	owles". The fo
Principal office and		Bowles
registered	office	Sandhill Lane
		Eridge Green
		Tunbridge	Wells
		TN3 9LW
Independent	auditor	Kreston Reeves LLP
		Statutory	Auditor
		Chartered	Accountants
		Montague	Place
		Quayside
		Chatham	Maritime
		Kent
		ME4 4QU
Bankers		NatWest	Bank
		130High	Street
		Tonbridge
		Kent
		TN9 1DE
In addition,	the charity banks with:	Charities	Aid Foundation
		CAF Bank Ltd
		Kings Hill
		Kent
		ME194TA
		Aldermore	Bank Pic
		1st Floor,	Block B
		Western	House
		Lynch Wood
		Peterborough
		PE2 6FZ

Management development an Total number ofstudent days	Management development an Total number ofstudent days	d team building courses	d team building courses		40 3,726 3726	378 2,513 19636
Due to the COVID-19 pandemic		we were unable to run residential		educational	courses but when
Government restrictions	allowed we provided		family party groups	and holiday	courses to enable	young
people to be able to access the		centre.
included in the above figures are the following:
Student days for disadvantaged		young people				1,004
Student days for young	people	with disabilities				303
Type ofstudent
School children						87Y
Supervisory and management		staff				11%
Other adults						2%
Length ofcourse
Longer than two days						71%
Two days						16%
Non-residential						13%

FOR THE YEAR E	N	DED 31 MARCH 2	021
				Unrestricted	Restricted	Total	Total
			Notes	Funds	Funds	2021	2020
			I		f		F
Income from:
Donations and legacies				187,221	9,225	196,446	22,135
Other trading activities			3	220,764		220,764	387,553
Charitable activities			3	333,112		333,112	1,129,1'19
Investments				696		697	1,541
Other				399,941		399,941	42,597
Total income				1,141,734 .	9,226	1,150,960	1,582,945
Expenditure on
Raisirig funds -,			' 3;5	452,056		452,056	363,753
Charitable activities			5	535,727	25,109	560,836	1,100,379
Total expenditure				987,783	25,109	1,012,892	1,464,132
Net income/(expenditure).		for the year
before transfers				153,952	(15,883)	138,069	118,814
Gross transfers between		funds
Net movement in funds				153,952	(15,883)	138,069	118,814
Fund balances brought	forward at 1 April 2020			1,329,520	740,573	2,070,093	1,951,279
Fund balances carried	forward
at 31 March 2021				1,483,472	724,690	2,208,162 -	2,070,093

		Note		2021f		2020f
Fixed assets
Tangible assets				1,679,787		1,758,052
Current assets
Stocks		11	24,690		33,067
Debtors		12	66,246		94,514
Cash at bank and in	hand		917,484		598,792
			1,008,421		726,374
Creditors: amounts	falling due
within one year		13	~251,375		~414,333
Net current (liabilities)/assets				757,042		312,041
Total assets				2,436,829		2,070,093
Creditors: amounts	falling due
after more than one	year	14		228,667
Net assets				2,208,162		2,070,093
Funds
Unrestricted funds				1,483,472		1,329,520
Restricted funds				724,690		740,573
Total funds		16		2,208,162		2,070,093

AS AT 31	MARCH	2021
			Note		2021		2020
							F
Fixed assets
Tangible assets					1,679,787		1,758,052
Investment	in subsidiary				100		100
					1,679,887		1,758,152
Current assets
Stocks			11	24,690		33,067
Debtors			12	730;615		--431,174-
Cash at bank and in		hand		448,735		223,816
				1,204,040		688,057
Creditors: within one	amounts year	falling due	13	~194,276		~394,713
Net current	(iiabiiities)/assets				1,009,765		293,344
Total assets					2,689,652		2,051,496
Creditors:	amounts	falling due
after more	than one	year	14		228,667
Net assets					2,460,985		2,051,496
Funds
Unrestricted	funds				1,736,295		1,310,923
Restricted funds					724,690		740,573
Total funds					2,460,985		2,051,496

FOR THE YEAR ENDE	D 31	MA	RCH	2021
					Note	2021	2020
						f.
Net cash used in operating	activities				24	78,436	129,261
	'l
Cash flows from investing	activities
Interest and dividends						697	1,541
—Purchase oftangible fixed assets						-(5,442)	(39,324)
Cash provided by (used in) investing			activities			(4,745	(37,783).
Cash flows from financing	activities
Borrowing						245,000	(29,804)
Cash used in financing activities						245,000	29,804)
Increase in cash and cash
equivalents in the year						318,692	61,674
Cash and cash equivalents	at the	beginning		ofthe year		598,792	537,118
Total cash and cash equivalents		at	the end ofthe year			917,484	598,792

movement	in funds - net income for the year	2021	2020
			F
This is stated	after charging:
Depreciation	oftangible fixed assets	83,707	85,427
Auditors' remuneration		3,863	3,274

			Costs of	Costs of	Costs	Costs of	Total	Total
			Generating	Ancillary	Incurred by	Charitable	2021	2020
			Voluntary	Trading	Trading	Activities
			Income		Subsidiary
			F
Training sa!aries					119,726	161,536	281,262	313,513
LBD Salaries					90,376		90,376	109,030
Other training	costs				5,781	7,828	13,609	29,999
Catering and	maintenance
salaries					76,375	101,724	178,099	240,081
Other catering	and
maintenance	costs				22,003	29,687	51,690	203,854
Administration	salaries				86,641	114,509	201,150	223,649
Other administrative		costs			39,790	37,292	77,082	164,842
Irrecoverable	VAT				7,473	9,904	17,377	40,232
Bad debt								23,215
Depreciation						83,707	83,707	85,427
Bursary fees						11,387	11,387	8,820
Barsalaries				1,321			1,321	1,134
Shop/bar/vending		costs		1,970			1,970	17,064
Auditors' remuneration
Audit services					600	3,263	3,863	3,274
				3,291	448,764	560,836	1,012,892	1,464,134

Staff costs					2021f	2020f
Wages and salaries					679,451	801,417
Travelling expenses	included	in salary costs in note 5				223
Travelling expenses	included	in administrative	expenses	in note 5	1,970	1,970
Social security costs					45,827	55,863
Other pension costs					26,929	29,904
					754,177	889,377

			2021	2020
Training		- Full time	6.0	6.6
		-Seasonal	7.1	6.5
		- Part time	3.8	3.6
Administration		- Full time	5.0	4.0
		- Part time	0.5	1.5
Learning	& Development	- Full time	2.0	2.0
		- Part time	1.0	1.0
Bar		- Part time	0.5	0.2
Maintenance		- Full time	1.0	1.0
		- Part time	0.5	0.5
Catering		- Full time	3.0	3.0
		- Part time	5.4	6.9
			35.8	36.8

7	Interest payable	2021 E	2020f
	On bank loans and overdrafts		133

Tangible fixed assets
	Freehold property			Furniture,	fixtures and	fittings		Training	equipment
	Restricted	Unrestricted	Total	Restricted	Unrestricted	Total	Restricted	Unrestricted		Total
	Funds	Funds		Funds			Funds
Cost or valuation
At 1 April 2020	1,000,138	1,407,815	2,407,953	63,090	198,931	262,021	65,875	109,559		175,434
Additions					5,442	5,442
Disposais
At 31 March 2021	1,000,138	1,407,815	2,407,953	63,090	204,373	267,463	65,875	109,559		175,434
Depreciation
At 1 April 2020	271,306	489,090	760,396	63,090	165,596	228,686	58,021		74,322	132,343
Charge for the year	13,722	43,821	57,543		7,494	7,494			8,975	8,975
On disposals
At 31 March 2021	285,028	532,911	817,939	63,090	173,090	236,180	58,021		83,297	141,318
Net BookValue
At 31 March 2021	715,110	874,904	1,590,014		31,283	31,283	7,854		26,262	34,116
At 31 March 2020	728,832	918,725	1,647,557		33,334	33,335	7,854		35,237	43,091

Tangible fixed assets
(Continued)		Motor vehicles		Plant and machinery			Total	tangible fixed	assets
	Restricted	Unrestricted	Total	Restricted	Unrestricted	Total	Restricted	Unrestricted	Total
	Funds	Funds		Funds			Funds
Cost or valuation
At 1 April 2020		78,071	78,071	137,925	164,176	302,101	1,267,028	1,958,552	3,225,580
Additions								5,442	5,442
Disposals
At 31 March 2021		78,071	78,071	137,925	164,176	302,101	1,267,028	1,963,994	3,231,022
Depreciation
At 1 April 2020		72,067	72,067	137,925	136,111	274,036	530,342	937,186	1,467,528
Charge for the year		3,022	3,022		6,673	6,673	13,722	69,985	83,707
On disposais
At 31 March 2021		75,089	75,089	137,925	142,784	280,709	544,064	1,007,171	1,551,235
Net BookValue
At 31 March 2021		2,982	2,982		21,392	21,392	722,964	956,823	1,679,787
At 31 March 2020		6,004	6,004		28,065	28,065	736,686	1,021,366	1,758,052

11	Stocks						2021		2020
							Groupf	Trustf	Group f	Trust f
	Goods for resale						24,690	24,690	33,067	33,067
12	Debtors						2021		2020
							Groupf	Trust	Groupf	Trust
	Amounts due from	subsidiary						666,619		359,830
	Trade debtors						13,193	10,944	90,126	68,637
	Less: Bad Debt Provision								(23,215)	(23,215)
	Prepayments and accrued				income		53,053	53,053	27,603	25,923
							66,246	730,615	94,514	431,174
13	Creditors: amounts			falling due			2021		2020
	within one year						Group f	Trust f	Groupf	Trustf
	Trade creditors						36,026	36,026	25,296	25,296
	Bank loans and overdrafts				(see note 15)		16,333	16,333
	Tax and social security costs						22,545	21,911	45,231	37,446
	Other creditors						7,339	7,339	77,170	71,854
	Accruals and deferred			income			169,135	112,667	266,636	260,118
							251,378	194,276	414,333	394,713
	Deferred income						Groupf	Trustf
	Deferred income at		1	April	2020		259,808	253,890
	Resources deferred		during		the year		160,888	105,622
	Amounts released	from previous				years	(259,808)	(253,890)
	Deferred income at		31 March 2021				160,888	105,622

16 Statement offunds (cont.)
Statement offunds - prior year
	Brought	Incoming	Resources	Transfers	Carried
	forward	resources	expended	in/out	forward
	E			E
Generalfunds
General fund	1,188,165	1,582,945	(1,441,590)		1,329,520
	1,188,165	1,582,945	(1,441,590)		1,329,520
Restricted funds
Fixed asset fund	750,406		(13,722)		736,684
Bursary fund	12,708		(8,820)		3,889
	763,114	1	(22,542)		740,573
	1,951,279	1,582,946	1,464,132)		2,070,093

ysis ofgroup net assets between funds	- current year
	Unrestricted	Restricted
Fund balances at 31 March 2021 are represented by;	Funds F	Funds F	Totalf
Tangible fixed assets	956,823	722,964	1,679,787
Cash at bank and in hand	917,484		917,484
Other current assets	90,936		90,936
Creditors	(470,819)	(9,226)	(480,045)
	1,494,424	713,738	2,208,162

ysis ofgroup net assets between funds	- prior year
	Unrestricted	Restricted
Fund balances at 31 March 2020 are represented by;	Funds E	Fundsf	Totalf
Tangible fixed assets	1,021,366	736,686	1,758,052
Cash at bank and in hand	594,905	3,887	598,792
Other current assets	127,581		127,581
Creditors	(414,333)		(414,333)
	1,329,520	740,573	2,070,093

cash flow from oper	at	ing ac	tivities.
					Total	Total
					funds	funds
					2021	2020
Net movement in funds					138,069	118,814
Add back depreciation		charge			83,707	85,427
Deduct interest income		shown	in investing	activities	(697)	(1,541)
Decrease (increase)	in	stock			8,377	(1,851)
Decrease (increase)	in	debtors			28,268	(32,675)
Increase (decrease)	in	creditors			(179,287)	(38,912)
Net cash used in operating			activities		78,436	129,261