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REGISTERED NUMBER: 03918281 (England and Wales)















Group Strategic Report, Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 March 2023

for

Temple Group Management Limited

Temple Group Management Limited (Registered number: 03918281)






Contents of the Consolidated Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 7

Report of the Independent Auditors 9

Consolidated Income Statement 13

Consolidated Other Comprehensive Income 14

Consolidated Balance Sheet 15

Company Balance Sheet 17

Consolidated Statement of Changes in Equity 19

Company Statement of Changes in Equity 20

Consolidated Cash Flow Statement 21

Notes to the Consolidated Cash Flow Statement 22

Notes to the Consolidated Financial Statements 24


Temple Group Management Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: R M L Southwood
M C Southwood
P L W Green





REGISTERED OFFICE: 3rd Floor, The Clove Building
4 Maguire Street
London
SE1 2NQ





REGISTERED NUMBER: 03918281 (England and Wales)





AUDITORS: Parkers
Chartered Accountants and Statutory Auditors
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

Temple Group Management Limited (Registered number: 03918281)

Group Strategic Report
for the Year Ended 31 March 2023

Temple Group Management is the holding company of Temple - one of the UK's leading independent infrastructure and property consultancies, specialising in environment, planning and sustainability services.

Having completed the first phase of our investment into an ambitious one business transformation programme the whole team now operate under our new and unified Temple brand. Our new website effectively communicates our vision as a purpose driven business. We are also extremely proud to be one of only two UK top 30 environmental consultancies to achieve B-Corp status, joining a network of like-minded businesses, striving for the same environmental, social, and sustainable goals.

In 2022 we celebrated 25 years of trading, creating a digital booklet that highlighted the range of projects and sectors we have worked on as well as looking to the future, when we expect to continue to grow, refining and renewing partner relationships, as well as expanding the sectors and geographical locations within which we operate and the services we offer.

REVIEW OF BUSINESS
We are pleased to report a good operating performance of the consolidated group of companies for the year ending 31 March 2023, delivering growth in profits following the transformation programme.

The reported revenue for the year ended 31 March 2023 was £12.2m with a PBT of £709k compared to revenue of £12.1m and a PBT of £239k for the previous 12-month period.The increased profits flow from the investment we have been making in bringing the business together, combined with having a financial year without significant market disruptions and project delays.

We continue to commit significantly more than 1% of Profit before Tax to charitable and good causes. Some is given as direct donations to a variety of registered charities, e.g., Aspire, Cambridge Youth Opera, Plantlife and The Southwood Foundation (a Registered Charity). In 2022-3 our volunteering committee has continued to work hard to expand opportunities for our employees and to increased participation. Throughout the year our teams have undertaken a broad range of activities with Thames21, IEMA Northwest, Elderflower Fields Festival with Sussex Wildlife Trust, ICanBe, The Wellies Project and the Southwood Foundation. We are also developing an ongoing relationship with The Conservation Volunteers to work on a site close to our London office. In December, our offices held collections and made donations to a number of local foodbanks including Southwark Foodbank, The Trussel Trust and Mustard Tree.


Temple Group Management Limited (Registered number: 03918281)

Group Strategic Report
for the Year Ended 31 March 2023

PRINCIPAL RISKS AND UNCERTAINTIES
As a Group, we actively identify, monitor and mitigate the financial and operational risks and uncertainties to which we are exposed.

Financial Risk

Our financial risk principally relates to macro-economic, inflation, liquidity and credit risk.

Large infrastructure projects and government contracts remain a significant proportion of our revenue and any material variation from either of these sources has a commensurate impact on turnover and profits. Our 2027 Strategy helps mitigate this risk by continuing to: invest in further diversification activities; work in partnership on larger programmes to share the risk; supplement our core team with associates and sub-consultants, allowing us to respond promptly to significant and/or unexpected fluctuations in revenue, without having to restructure the business in the short term.

We also continue to operate in a highly competitive industry which has the potential to impact our ability to win new work at appropriate margins. We mitigate these risks by effective cost management, differentiating ourselves in the marketplace as a valued and trusted market leader, being selective about what work we compete for, and by close scrutiny of our bid tendering process and project delivery to ensure forecast bid and actual delivery margins remain satisfactory.

Ongoing impacts from Brexit and Covid-19, along with global economic instability, means that greater focus has been given to the credit risk of all our clients. We manage credit risk by obtaining external credit checks on potential new clients, setting, and working within defined credit limits and monitoring and reporting on credit risk on an ongoing basis. Debtor and WIP days are reviewed regularly. We maintain a strong focus on cash management and maintained reasonable cash balance over this period. Our cash flow profile is ordinarily steady and predictable. Monthly cash flow forecasts are prepared to take into account seasonality, particularly relevant to ecology.

We are satisfied as a Group that we have adequate and available cash resources to meet our financial requirements over the next trading period, and we remain committed to our ambitious growth plans as part of our 2027 Strategy.



Operational Risk

Our principal operation risks, as for many of our competitors, relate to project delivery and contract risk; the recruitment and retention of key staff; reputational risk from operations; and cyber security.

As a Group, we review and discuss these matters on a regular basis and believe that through our business strategy, our business model, our certified integrated management system and our stakeholder relationships we have the right approaches, systems and processes in place to appropriately identify, quantify mitigate and ultimately manage these risks.


Temple Group Management Limited (Registered number: 03918281)

Group Strategic Report
for the Year Ended 31 March 2023

The Government has been inconsistent in its commitment to infrastructure projects in the past twelve months, with a number of strategic transport programmes paused or receiving limited in funding. Conversely, there has been an increase in funding and prospects for infrastructure related to energy and water security, and climate adaptation and resilience in the context of a growing mainstream aspiration from governments, businesses and society for a greener, fairer and more inclusive world. The issues of staff retention, recruitment and resourcing are particularly acute across all the areas we operate. These issues have intensified in the last 12 months, with limited availability of individuals with the right skills and capabilities intensifying competition and driving salary inflation for staff at all levels across all environmental, planning and sustainability disciplines. This limited availability of individuals is seemingly being driven not only by an increase in demand but also a reduction in the number of new individuals coming into the industry and gaining the right experience (particularly over the last two years), an increasing cohort of senior individuals choosing to retire early from the industry and a growing desire for staff at all levels to reduce their working hours and or increase their amount of annual leave as part of their new post-Covid work patterns.

We expect the aforementioned issues to persist as both a risk and an opportunity for the foreseeable. As we pursue our 2027 Strategy, we will be unlocking new opportunities for cross-sector and skill development and career progression for all. This provides an incentive for staff to remain with us over the long-term and for new staff to join the team. Embedded learning and development programmes, in addition to formal performance review processes underpin our company values and support career development for all members of the team. Finally, our agile business model affords staff greater protection as well as opportunities to take more responsibility, access a wider variety of work than would typically be the case with larger organisations, and benefit from close working with clients and our highly experienced associates and partners.

OUR STAFF
Temple's employees are at the heart of everything we do, and their passion, professionalism, commitment, and creativity continue to drive our success and growth. The environmental sector is going through a highly competitive period with regard to recruitment and retention and we are working hard to attract, develop and retain the best talent to enhance our team. Our graduate programme is now in its second year and by giving young consultants the opportunity to work in a variety of areas throughout the business we aim to develop a well-rounded future workforce. During the last year we launched a share option scheme for senior staff and long service awards, with one employee celebrating 20 years with the company. We are working towards providing other enhanced benefits for 2023-24.

We would express our sincere thanks to our staff for the extraordinary commitment and efforts they made over the recent period as we adjust to new ways of working, rapid changes to society, the economy and technology and to thank them all for their loyalty, ongoing hard work and continued support.


Temple Group Management Limited (Registered number: 03918281)

Group Strategic Report
for the Year Ended 31 March 2023

OUTLOOK
Our 2027 business strategy, covering the period 2023-2027, is being further reviewed to take account of the seismic global change driven by significant political, macro-economic, societal, and environmental uncertainty, as well as digital and technological advances.

Core to this strategy is our vision to create sustainable futures, a commitment to a new business structure that is fit for future markets, and a business strategy and investment programme that will differentiate us from our competitors, including a number of digital innovations, services aligned to natural asset management, a new advisory service and enhanced community engagement services. We also continue to work closely with a number of our trusted and strategic partners (with a shared vision and aligned values), which see us working on the UK's most exciting, complex, challenging and globally relevant issues for a range of high-profile projects and programmes.

With environmental considerations moving into the mainstream of everyone's lives, notably social value, inclusivity and engagement, and sustainability more generally, we see huge opportunity for organisations such as Temple. Our 2027 Strategy responds to these growing needs and the needs of our clients, society and nature. It recognises that we must continue to find new ways of delivering our existing services as well as developing new areas of expertise. We need to ensure that the natural environment, societal needs and sustainable business models and consumption are at the heart of our service offer and encourage our clients and partners to harness the power of collective cooperation, collaboration and action to drive this forward.

We intend to continue to recruit and develop an inclusive and diverse team of highly qualified professionals to provide the best advice, motivated by our unique culture and the interesting, varied and professionally challenging nature of our clients and our work.

Our transformation over the last few years into one business has brought numerous benefits, not least allowing us to provide a greater breadth of skills and experience to our clients. It has been the catalyst behind our commitment to being purpose driven, and implementing a comprehensive Sustainability Strategy which has helped us to achieve B-Corp status. We continue to maintain strong relationships with long standing clients and are working with them to understand their business needs and create opportunities and services that will help them to achieve their business and sustainability goals.

We continue to invest our people, enhancing the resilience of our business; and proactively driving internal efficiencies, including information technology and data analytics, simplifying processes whilst maintaining our commitments under ISO9001, ISO14001 and ISO45001, and building an ethical and sustainable business that enables us to invest in our business future alongside the future of our people, our clients and our planet.

Therefore, the outlook for the Group as a UK-owned business is challenging but positive.

ON BEHALF OF THE BOARD:





R M L Southwood - Director



Temple Group Management Limited (Registered number: 03918281)

Group Strategic Report
for the Year Ended 31 March 2023

9 August 2023

Temple Group Management Limited (Registered number: 03918281)

Report of the Directors
for the Year Ended 31 March 2023

The directors present their report with the financial statements of the company and the group for the year ended 31 March 2023.

DIVIDENDS
Dividends totalling £176,000 were paid in the period.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

R M L Southwood
M C Southwood
P L W Green

POLITICAL DONATIONS AND EXPENDITURE
Donations of £20,901 (2022- £40,687) were made to local and national charities during the year, in addition staff time was donated to charitable activities.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

Temple Group Management Limited (Registered number: 03918281)

Report of the Directors
for the Year Ended 31 March 2023


AUDITORS
The auditors, Parkers, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





R M L Southwood - Director


9 August 2023

Report of the Independent Auditors to the Members of
Temple Group Management Limited

Opinion
We have audited the financial statements of Temple Group Management Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2023 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Report of the Independent Auditors to the Members of
Temple Group Management Limited


Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page seven, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Temple Group Management Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and industry, we identified that the principal risks of
non-compliance with laws and regulations related to UK pensions legislation and UK tax legislation, as well as UK Health & Safety legislation and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to revenue recognition where there may be incentive for manipulation of profits. Audit procedures performed by the engagement team included:

- Discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulation and fraud;
- Challenging assumptions and judgements made by management in their significant accounting estimates; and
- Identifying and testing journal entries, in particular any journal entries posted with unusual account
combinations including journal entries which inflated the Company's results for the period with unusual
offset entries and journal entries impacting revenue recognition.

There are inherent limitations in the audit procedures described above and the further removed
non-compliance with laws and regulations is from the events and transactions reflected in the financial
statements, the less likely we would become aware of it. Also, the risk of not detecting a material
misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may
involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through
collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Temple Group Management Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Annette Watson PhD BSc FCA (Senior Statutory Auditor)
for and on behalf of Parkers
Chartered Accountants and Statutory Auditors
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

9 August 2023

Temple Group Management Limited (Registered number: 03918281)

Consolidated Income Statement
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 12,208,014 12,121,542

Cost of sales 7,676,860 7,872,511
GROSS PROFIT 4,531,154 4,249,031

Administrative expenses 3,714,883 3,960,322
816,271 288,709

Other operating income - 17,609
OPERATING PROFIT 4 816,271 306,318


Interest payable and similar expenses 5 107,679 67,346
PROFIT BEFORE TAXATION 708,592 238,972

Tax on profit 6 148,621 90,688
PROFIT FOR THE FINANCIAL YEAR 559,971 148,284
Profit attributable to:
Owners of the parent 559,971 148,284

Temple Group Management Limited (Registered number: 03918281)

Consolidated Other Comprehensive Income
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   

PROFIT FOR THE YEAR 559,971 148,284


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

559,971

148,284

Total comprehensive income attributable to:
Owners of the parent 559,971 148,284

Temple Group Management Limited (Registered number: 03918281)

Consolidated Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 202,607 248,497
Tangible assets 10 226,873 309,801
Investments 11 - -
429,480 558,298

CURRENT ASSETS
Debtors 12 2,687,834 1,516,125
Prepayments and accrued income 2,632,933 1,810,893
Cash at bank 151,997 1,187,786
5,472,764 4,514,804
CREDITORS
Amounts falling due within one year 13 2,866,693 2,014,308
NET CURRENT ASSETS 2,606,071 2,500,496
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,035,551

3,058,794

CREDITORS
Amounts falling due after more than one
year

14

(966,667

)

(1,366,667

)

PROVISIONS FOR LIABILITIES 18 (37,262 ) (44,476 )
NET ASSETS 2,031,622 1,647,651

Temple Group Management Limited (Registered number: 03918281)

Consolidated Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 19 5,850 5,850
Capital redemption reserve 20 7,725 7,725
Retained earnings 20 2,018,047 1,634,076
SHAREHOLDERS' FUNDS 2,031,622 1,647,651


The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2023 and were signed on its behalf by:





R M L Southwood - Director


Temple Group Management Limited (Registered number: 03918281)

Company Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 - -
Tangible assets 10 38,980 48,898
Investments 11 1,274,049 1,274,049
1,313,029 1,322,947

CURRENT ASSETS
Debtors 12 250,000 -
Prepayments and accrued income 5,784 7,428
Cash at bank 9,429 709,083
265,213 716,511
CREDITORS
Amounts falling due within one year 13 462,507 561,382
NET CURRENT (LIABILITIES)/ASSETS (197,294 ) 155,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,115,735

1,478,076

CREDITORS
Amounts falling due after more than one
year

14

(966,667

)

(1,366,667

)

PROVISIONS FOR LIABILITIES 18 (7,406 ) (3,763 )
NET ASSETS 141,662 107,646

Temple Group Management Limited (Registered number: 03918281)

Company Balance Sheet - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 19 5,850 5,850
Retained earnings 20 135,812 101,796
SHAREHOLDERS' FUNDS 141,662 107,646

Company's profit for the financial year 210,016 44,332


The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2023 and were signed on its behalf by:





R M L Southwood - Director


Temple Group Management Limited (Registered number: 03918281)

Consolidated Statement of Changes in Equity
for the Year Ended 31 March 2023

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2021 5,850 1,661,792 7,725 1,675,367

Changes in equity
Dividends - (176,000 ) - (176,000 )
Total comprehensive income - 148,284 - 148,284
Balance at 31 March 2022 5,850 1,634,076 7,725 1,647,651

Changes in equity
Dividends - (176,000 ) - (176,000 )
Total comprehensive income - 559,971 - 559,971
Balance at 31 March 2023 5,850 2,018,047 7,725 2,031,622

Temple Group Management Limited (Registered number: 03918281)

Company Statement of Changes in Equity
for the Year Ended 31 March 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2021 5,850 233,464 239,314

Changes in equity
Dividends - (176,000 ) (176,000 )
Total comprehensive income - 44,332 44,332
Balance at 31 March 2022 5,850 101,796 107,646

Changes in equity
Dividends - (176,000 ) (176,000 )
Total comprehensive income - 210,016 210,016
Balance at 31 March 2023 5,850 135,812 141,662

Temple Group Management Limited (Registered number: 03918281)

Consolidated Cash Flow Statement
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (224,407 ) (291,040 )
Interest paid (79,129 ) (41,301 )
Interest element of finance lease
payments paid

801

(3,691

)
Finance costs paid (29,351 ) (22,354 )
Tax paid (62,019 ) (60,180 )
Government Grants Received - 17,609
Net cash from operating activities (394,105 ) (400,957 )

Cash flows from investing activities
Purchase of intangible fixed assets - (35,000 )
Purchase of tangible fixed assets (64,482 ) (278,273 )
Sale of tangible fixed assets 1,417 110,123
Net cash from investing activities (63,065 ) (203,150 )

Cash flows from financing activities
Loan repayments in year (399,998 ) (267,841 )
Capital repayments in year (2,621 ) (60,771 )
Equity dividends paid (176,000 ) (176,000 )
Net cash from financing activities (578,619 ) (504,612 )

Decrease in cash and cash equivalents (1,035,789 ) (1,108,719 )
Cash and cash equivalents at beginning
of year

2

1,187,786

2,296,505

Cash and cash equivalents at end of
year

2

151,997

1,187,786

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 March 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
31.3.23 31.3.22
£    £   
Profit before taxation 708,592 238,972
Depreciation charges 193,262 235,057
Profit on disposal of fixed assets (1,381 ) -
Government grants - (17,609 )
Finance costs 107,679 67,346
1,008,152 523,766
Increase in trade and other debtors (1,993,399 ) (198,375 )
Increase/(decrease) in trade and other creditors 760,840 (616,431 )
Cash generated from operations (224,407 ) (291,040 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 151,997 1,187,786
Year ended 31 March 2022
31.3.22 1.4.21
£    £   
Cash and cash equivalents 1,187,786 2,296,505


Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Cash Flow Statement
for the Year Ended 31 March 2023

3. ANALYSIS OF CHANGES IN NET DEBT

At 1.4.22 Cash flow At 31.3.23
£    £    £   
Net cash
Cash at bank 1,187,786 (1,035,789 ) 151,997
1,187,786 (1,035,789 ) 151,997
Debt
Finance leases (2,621 ) 2,621 -
Debts falling due within 1 year (400,000 ) - (400,000 )
Debts falling due after 1 year (1,366,667 ) 400,000 (966,667 )
(1,769,288 ) 402,621 (1,366,667 )
Total (581,502 ) (633,168 ) (1,214,670 )

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Temple Group Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Where the services are supplied under long-term contracts, turnover represents the value of work done in the year, including amounts not invoiced and is recognised by reference to stage of completion.

Goodwill
Goodwill on the acquisition of subsidiaries is being written off over over their estimated useful lives.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, or if held under a finance lease, over the lease term, whichever is shorter.

Leasehold Improvements - in accordance with the property
Fixtures & Fittings - 5 years
Equipment on Jobs - 3 Years
Computer Equipment - 3 Years
Vehicles - 5 Years
Office Equipment - 3-5 Years

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that any asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS
31.3.23 31.3.22
£    £   
Wages and salaries 6,678,731 6,516,997
Social security costs 683,118 652,515
Other pension costs 306,250 305,948
7,668,099 7,475,460

The average number of employees during the year was as follows:
31.3.23 31.3.22

Technical Staff 123 138
Support Staff 33 35
156 173

31.3.23 31.3.22
£    £   
Directors' remuneration 141,737 158,425
Directors' pension contributions to money purchase schemes 69,502 71,422

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31.3.23 31.3.22
£    £   
Other operating leases - (320 )
Depreciation - owned assets 147,372 164,982
Depreciation - assets on finance leases - 26,515
Profit on disposal of fixed assets (1,381 ) -
Goodwill amortisation 45,890 43,556
Auditors' remuneration 12,018 13,009

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.3.23 31.3.22
£    £   
Bank interest 1,682 287
Bank loan interest 77,447 41,014
Leasing (801 ) 3,691
Other Finance Charges 29,351 19,994
Late payment interest - 2,360
107,679 67,346

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.23 31.3.22
£    £   
Current tax:
UK corporation tax 155,835 61,969
Tax Prior Year - 21,525
Total current tax 155,835 83,494

Deferred tax (7,214 ) 7,194
Tax on profit 148,621 90,688

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

8. DIVIDENDS
31.3.23 31.3.22
£    £   
Ordinary 0.001p shares of 0.1p each
Interim 3,520 3,520
Ordinary A 0.001p shares of 0.1p each
Interim 142,560 142,560
Ordinary B 0.001p shares of 0.1p each
Interim 29,920 29,920
176,000 176,000

9. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 755,806
AMORTISATION
At 1 April 2022 507,309
Amortisation for year 45,890
At 31 March 2023 553,199
NET BOOK VALUE
At 31 March 2023 202,607
At 31 March 2022 248,497

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

10. TANGIBLE FIXED ASSETS

Group
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 53,874 18,367 19,919 534,082 626,242
Additions 3,024 1,177 - 60,279 64,480
Disposals (5,675 ) (13,193 ) (4,493 ) (288 ) (23,649 )
At 31 March 2023 51,223 6,351 15,426 594,073 667,073
DEPRECIATION
At 1 April 2022 16,993 18,370 (24,266 ) 305,344 316,441
Charge for year 16,404 170 12,778 118,020 147,372
Eliminated on disposal (5,674 ) (13,193 ) (4,493 ) (253 ) (23,613 )
At 31 March 2023 27,723 5,347 (15,981 ) 423,111 440,200
NET BOOK VALUE
At 31 March 2023 23,500 1,004 31,407 170,962 226,873
At 31 March 2022 36,881 (3 ) 44,185 228,738 309,801

Fixed assets, included in the above, which are held under finance leases are as follows:
Computer
equipment
£   
COST
At 1 April 2022 19,106
Transfer to ownership (19,106 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 14,874
Transfer to ownership (14,874 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 4,232

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

10. TANGIBLE FIXED ASSETS - continued

Company
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 7,573 49,590 57,163
DEPRECIATION
At 1 April 2022 - 8,265 8,265
Charge for year - 9,918 9,918
At 31 March 2023 - 18,183 18,183
NET BOOK VALUE
At 31 March 2023 7,573 31,407 38,980
At 31 March 2022 7,573 41,325 48,898

11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 1,274,049
NET BOOK VALUE
At 31 March 2023 1,274,049
At 31 March 2022 1,274,049

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries


Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

11. FIXED ASSET INVESTMENTS - continued

Temple Group Limited
Registered office: 3rd Floor, The Clove Building, 4 Maguire Street, London, England, SE1 2NQ.
Nature of business: Environmental Consultancy
%
Class of shares: holding
Ordinary 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 2,878,087 2,389,243
Profit for the year 488,844 196,580

Ecology Consultancy Limited
Registered office: 3rd Floor, The Clove Building, 4 Maguire Street, London, England, SE1 2NQ.
Nature of business: Consultancy on ecological matters
%
Class of shares: holding
Ordinary 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 106,551 206,551
Loss for the year - (13,976 )

Arbeco Limited
Registered office: 3rd Floor, The Clove Building, 4 Maguire Street, London, England, SE1 2NQ.
Nature of business: Tree Surgery, Ecology, Habitat & Arboriculture
%
Class of shares: holding
Ordinary 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 100 100
Loss for the year - (1,329 )

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

11. FIXED ASSET INVESTMENTS - continued

Temple Australia Pty Ltd.
Registered office: Vincents Chartered Accountants, Level 34, 32 Turbot Street, Brisbane City, Queensland 4000, Australia.
Nature of business: Environmental planning and sustainability
%
Class of shares: holding
Ordinary Shares 100.00
31.3.23 31.3.22
£    £   
Aggregate capital and reserves 1 1


Prior to the previous year end most of the trade and assets of Ecology Consultancy Limited and Arbeco Limited were hived up to Temple Group Management Limited and then gifted to Temple Group Limited. Some trade remains in Ecology Consultancy Limited and Arbeco Limited as certain projects could not be novated due to contractual obligations.

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.3.23 31.3.22 31.3.23 31.3.22
£    £    £    £   
Trade debtors 2,566,163 1,262,284 - -
Amounts owed by group undertakings - - 250,000 -
Other debtors 19,767 138,499 - -
Social security and other tax 101,554 115,342 - -
Tax 350 - - -
2,687,834 1,516,125 250,000 -

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.3.23 31.3.22 31.3.23 31.3.22
£    £    £    £   
Bank loans and overdrafts (see note 15) 400,000 400,000 400,000 400,000
Finance leases (see note 16) - 2,621 - -
Trade creditors 490,597 306,222 883 8,100
Amounts owed to group undertakings - - 100 100
Tax 155,835 61,669 28,988 -
Social security and other taxes 173,047 170,033 1,758 5,422
VAT 527,466 354,084 16,054 18,641
Other creditors 123,474 26,625 260 -
Accruals and deferred income 268,065 160,022 - -
Accrued expenses 728,209 533,032 14,464 129,119
2,866,693 2,014,308 462,507 561,382

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

Group Company
31.3.23 31.3.22 31.3.23 31.3.22
£    £    £    £   
Bank loans (see note 15) 966,667 1,366,667 966,667 1,366,667

15. LOANS

An analysis of the maturity of loans is given below:

Group Company
31.3.23 31.3.22 31.3.23 31.3.22
£    £    £    £   
Amounts falling due within one year or on demand:
Bank loans 400,000 400,000 400,000 400,000
Amounts falling due between one and two years:
Bank loans - 1-2 years 400,000 400,000 400,000 400,000
Amounts falling due between two and five years:
Bank loans - 2-5 years 566,667 966,667 566,667 966,667

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Finance leases
31.3.23 31.3.22
£    £   
Net obligations repayable:
Within one year - 2,621

17. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
31.3.23 31.3.22 31.3.23 31.3.22
£    £    £    £   
Bank loans 1,366,667 1,766,667 1,366,667 1,766,667
Finance leases - 2,621 - -
1,366,667 1,769,288 1,366,667 1,766,667

These balances are secured by a charge over the group companies assets.

18. PROVISIONS FOR LIABILITIES

Group Company
31.3.23 31.3.22 31.3.23 31.3.22
£    £    £    £   
Deferred tax
Accelerated capital allowances 37,262 44,476 7,406 3,763

Group
Deferred
tax
£   
Balance at 1 April 2022 44,476
Provided during year (7,214 )
Accelerated Capital Allowances
Balance at 31 March 2023 37,262

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

18. PROVISIONS FOR LIABILITIES - continued

Company
Deferred
tax
£   
Balance at 1 April 2022 3,763
Accelerated Capital Allowances 3,643
Balance at 31 March 2023 7,406

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100,000 Ordinary 0.001p 0.1p 100 100
4,750,000 Ordinary A 0.001p 0.1p 4,750 4,750
1,000,000 Ordinary B 0.001p 0.1p 1,000 1,000
5,850 5,850

20. RESERVES

Group
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2022 1,634,076 7,725 1,641,801
Profit for the year 559,971 559,971
Dividends (176,000 ) (176,000 )
At 31 March 2023 2,018,047 7,725 2,025,772

Temple Group Management Limited (Registered number: 03918281)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2023

20. RESERVES - continued

Company
Retained
earnings
£   

At 1 April 2022 101,796
Profit for the year 210,016
Dividends (176,000 )
At 31 March 2023 135,812


21. ULTIMATE CONTROLLING PARTY

Mr R.M.L Southwood and Mrs M.C. Southwood are the ultimate controlling parties by way of their 100% shareholding in Temple Group Management Limited.

22. SHARE-BASED PAYMENT TRANSACTIONS

As at 31st March 2023 the company had granted options over 2,300,293 shares at an exercise price of £0.08p. None of the options have been vested and they are exercisable only on a material disposal of shares in the company. The Vesting quantity is linked to the value of the company at sale of the shares.