2022-03-31-accounts - Bowles Rocks Trust Limited

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			Page
Trustees' annual report			1-12
Notice ofannual general		meeting	13
Independent auditors' report			14-16
Consolidated	statement	offinancial activities	17
Consolidated	balance sheet		18
Balance sheet			19
Consolidated	statement	ofcash flows	20
Notes forming	part ofthe financial statements		21 - 31

There were n	o residential cour	ses in the	year ending 2021	due to	COVID-19 G	ov	ernment	restriction.
			Number of		Number	of		Number of
			courses		students			student days
Residential courses - over iwo		days	2022	2021	2022		2021	2022	2021
Schools			57		2,492			8,379
Other groups	of young people		2		77			238
Supervisory	and management	staff	18		249			540
Universities
			77		2,818			9,157

						Number	of
						student days
						2022	2021
Non-residential courses
Schools						3381	0
Ski courses open to the public						0	14
Holiday courses open to the public						4282	2295
Private lessons						138	54
Birthday parties &family groups						512	32
Groups (schools, youth groups,			Army etc)			478	1291
Management development	and		team building	courses		111	40
						8,902	3,726
Total number of student days						18059	3726
The centre reopened to residentials in June 2022 as restrictions					were lifted which	ran alongside	family
party groups and holiday courses.
Includedin the above figures	are the following:
Student days for disadvantaged			young people
Student days for young people		with disabilities
Type ofstudent
School children						96%	0%
Supervisory and management		staff				4%	0%
Other adults						0%	0%
Length ofcourse
Longerthan two days						51
Two days
Non-residential						49

FOR THE YEAR EN		DED 31 MARCH 2	022
				Unrestricted	Restricted	Total	Total
			Notes	Funds	Funds	2022	2021
				E	E	E	E
Income from:
Donations and legacies				90,817		90,817	196,446
Other trading activities			3	374,570		374,570	220,764
Charitable activities			3	817,604		817,604	333,112
Investments				434		434	697
Other				88,147		88,147	399,941
Total income				1,371,573		1,371,573	1,150,960
Expenditure on:
Raising funds			3,5	322,059		322,059	452,056
Charitable activities			5	977,797	13,722	991,519	560,836
Total expenditure				1,299,855	13,722	1,313,577	1,012,892
Net income/(expenditure)		for the year
before transfers				71,718	(13,722)	57,996	138,069
Gross transfers between		funds
Net movement in funds				71,718	(13,722)	57,996	138,069
Fund balances brought	forward at 1 April 2021			1,483,472	724,690	2,208,162	2,070,093
Fund balances carried	forward
at 31 March 2022				1,555,190	710,968	2,266,158	2,208,162

				Note		2022		2021
						6		6
Fixed assets
Tangible assets						1,628,622		1,679,787
Current assets
Stocks				11	16,282		24,690
Debtors				12	123,178		66,246
Cash at bank	and	in	hand		1,172,580		917,484
					1,312,040		1,008,421
Creditors: amounts			falling due
within one year				13	~494,837		251,379
Net current	(liabilities)/assets					817,203		757,042
Total assets						2,445,825		2,436,829
Creditors: amounts			falling due
after more than one			year	14		179,667		228,667
Net assets						2,266,158		2,208,162
Funds
Unrestricted	funds					1,555,190		1,483,472
Restricted funds						710,968		724,690
Total funds				16		2,266,158		2,208,162

				Note		2021f	2020f
Fixed assets
Tangible assets						1,628,622	1,679,787
Investment	in subsidiary					100	100
						1,628,722	1,679,887
Current assets
Stocks				11	16,282	24,690
Debtors				12	997,880	730,615
Cash at bank and		in	hand		444,637	448,735
					1,458,799	1,204,040
Creditors:	amounts		falling due
within one	year			12	~475,726)	~794,275)
Net current	(liabilities)/assets					1,043,671	1,009,765
Total assets						2,672,393	2,689,652
Creditors: after more	amounts than one		falling due year	14		~179661,	~226,667
Net assets						2,492,726	2,460,985
Funds
Unrestricted	funds					1,781,732	1,736,295
Restricted funds						710,968	724,690
Total funds				16		2,492,700	2,460,985

					Note	2022	2021
						6	5
Net cash used in operating	activities				24	301,580	78,436
Cash flows from investing	activities
Interest and dividends						434	697
Purchase oftangible fixed assets						(30,582)	(5,442)
Cash provided by (used in) investing			activities			30,148	4,745
Cash flows from financing	activities
Borrowing						(16,333)	245,000
Cash used in financing activities						16,333)	245,000
Increase in cash and cash
equivalents in the year						255,099	318,691
Cash and cash equivalents	at the	beginning		ofthe year		917,483	598,792
Total cash and cash equivalents		at	the end ofthe year			1,172,582	917,483

			Subsidiary	Subsidiary	Charity
			2022	2021	2022	2021
				6	6	6
income from activities
Charitable course fees					817,604	333,112
Corporate course fees			157,210	2,502
Recreational course fees			156,255	196,391
Other income from use	of	famlities	61,105	21,871
Licence fees charged by
Bowles Rocks Trust Limited			(25,000)	(25,000)	25,000	25,000
Apportioned costs recharged	by
Bowles Rocks Trust Limited			(320,643)	(443,594)
Gross profit: subsidiary			28,927	(247,830)
Admimstrative expenses			(2,734)	(5,170)
Other income			63	178	179,336	596,907
Net profit for the year: subsidiary			26,256	(252,823)
Amount donated under corporate		gift aid
to Bowles Rocks Trust Limited
Gross incoming resources:	charity		26,256	(252,823)	1,021,940	955,019
Costs ofgenerating funds					(2,508)	(18,198)
Costs of charitable activities					(991,519) (1,100,379)
Net income/(expenditure)			26,256	(252,823)	27,914	(163,558)

4	Net movement in	funds - net income	funds - net income	for the year	for the year				2022 f	2021 8
	This is stated after charging:
	Depreciation oftangible		fixed assets						81,747	83,707
	Auditors' remuneration								7,050	295
	During the year, no Trustees received any remuneration					(2021 - SNil).
	During the year, no Trustees received any benefits The Trustees were not paid but travel expenses of				in kind (2021 - SNil). SNII (2021:fNIL) in total were			reimbursed to nil	(2021; NIL) Trustees.
5	Resources expended
				Costs of		Costs of	Costs	Costs of	Total	Total
				Generating		Ancillary	Incurred by	Charitable	2022	2021
				Voluntary		Trading	Trading	Activities
				Income			Subsidiary
				f			f
	Training salaries						77,384	275,867	353,251	281,262
	L&D Salaries						SS,SS8		65,658	90,376
	Other training costs						6,865	25,616	32,481	13,609
	Catering and maintenance
	salaries						48,688	173,342	222,030	178,099
	Other catering and
	maintenance costs						39,837	142,991	182,828	51,690
	Administration salaries						43,271	154,257	197,528	201,150
	Other administrative	costs					29,767	111,598	141,365	77,082
	Irrecoverable VAT						7,281	26,247	33,528	17,377
	Bad debt							(6,397)	(6,397)	0
	Depreciation							81,748	81,748	83,706
	Bursary fees									11,387
	Bar saladies					229			229	1,321
	Shop/bar/vending	costs				2,279			2,279	1,970
	Auditors' remuneration
	Audit services						800	6,250	7,050	3,863
						2,508	319,551	991,519	1,313,577	1,012,892

Staff costs	Staff costs							2022				2021
								E				E
Wages and		salaries						754,404			679,451
Travelling	expenses			included	in administrative	expenses	in	note 5				1,970
Social security costs								55,629			45,827
Other pension			costs					28,664			26,929
								838,696			754,177
The average			monthly	number	of employees	was: 38(2021:		35.8)and the average	monthly		number	of
employees		during the year expressed as full				time equivalents		was as follows (including		casual and		part-
time staff):
								2022				2021
Training					- Full time			7.4				6.0
					-Seasonal			4.8				7.1
					-Part time			1.5				3.8
Administration					- Full time			3.4				5.0
					- Part time			1.1				0.5
Learning	8	Development			- Full time			1.2				2.0
					-Part time			0.8				1.0
Bar					-Part time			0.0				0.5
Maintenance					- Full time			1.0				1.0
					-Part time			0.4				0.5
Catering					- Full time			2.1				3.0
					-Part time			5.5				5.4
								29.2				35.8

2022	2021
1	1

7	Interest payable	2022	2021
			E
	On bank loans and overdrafts	3,191	133

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11	Stocks			2022		2021
				Group	Trust	Group	Trust
				6	8	5	5
	Goods for resale			16,282	16,282	24,690	24,690
12	Debtors			2022		2021
				Group	Trust	Group	Trust
				6		5
	Amounts due from subsidiary				937,491		666,619
	Trade debtors			65,316	2,527	13,193	10,944
	Less: Bad Debt Provision
	Prepayments and accrued income			57,862	57,862	53,053	53,053
				123,178	997,880	66,246	730,615
13	Creditors: amounts		falling due	2022		2021
	within one year			Group 6	Trust 8	Group 5	Trustf
	Trade creditors			70,149	70,149	36,026	36,026
	Bank loans and overdrafts (see note 15)			49,000	49,000	16,333	16,333
	Tax and social security costs			39,244	29,333	22,545	21,911
	Other creditors			759	759	7,339	7,339
	Accruals and deferred		income	335,685	265,886	169,135	112,667
				494,837	415,128	251,378	194,276
	Deferred income			Group 5	Trustf
	Deferred income at	1	April 2021	160,888	106,622
	Resources deferred	during the year		320,787	252,542
	Amounts released from previous years			(160,888)	(106,622)
	Deferred income at	31 March 2022		320,787	252,542

ment offun	ds - prior year
		Brought	Incoming	Resources	Transfers	Carried
		forward f	resources f	expended f	in/outf	forwardf
Designated	Funds
Building Projects		450,000			(100,000)	350,000
Replacement	vehicles	30,000			(10,000)	20,000
Depostis in	advance	160,000 640,000	320,786 320,786	160,000 160,000	~770,000	320,786 690,786
General funds
General fund		1,329,520	1,141,734	(987,783)	(640,000)	843,471
		1,969,520	1,462,520	~827,783	~750,000	1,534,257
Restricted funds
Fixed asset fund		736,684		(13,722)		722,962
Bursary fund		3,889	9,226	(11,387)		1,728
		740573	922,8	~25,709		724,690
		2,710,093	1471746	~, 852, ,892		2,258,947

ysis ofgroup net assets between funds	- current year
	Unrestricted	Restricted
Fund balances at 31 March 2022 are represented by;	Fundsf	Funds f	Totalf
Tangible fixed assets	919,380	709,242	1,628,622
Cash at bank and in hand	1,172,580		1,172,580
Other current assets	139,460		139,460
Creditors	(674,504)		(674,504)
	1,556,916	709,242	2,266,158

ysis ofgroup net assets between funds	- prior year
	Unrestricted	Restricted
Fund balances at 31 March 2021 are represented by;	Fundsf	Funds	Total
Tangible fixed assets	956,823	722,984	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)	(48O,O45)
	1,494,424	713,738	2,208,162

cash flow from oper	ati	ng ac	tivities.
					Total	Total
					funds	funds
					2022	2021
Net movement in funds					57,996	138,069
Add back depreciation		charge			81,748	83,706
Deduct interest income		shown	in investing	activities	(434)	(697)
Decrease (increase)	in	stock			8,408	8,377
Decrease (increase)	in	debtors			(56,932)	28,268
Increase (decrease)	in	creditors			210,793	(179,286)
Net cash used in operating			activities		301,580	78436