REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
THE WALTHAM ABBEY ROYAL GUNPOWDER |
MILLS CHARITABLE FOUNDATION LIMITED |
REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
THE WALTHAM ABBEY ROYAL GUNPOWDER |
MILLS CHARITABLE FOUNDATION LIMITED |
THE WALTHAM ABBEY ROYAL GUNPOWDER |
MILLS CHARITABLE FOUNDATION LIMITED (REGISTERED NUMBER: 03325864) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
THE WALTHAM ABBEY ROYAL GUNPOWDER |
MILLS CHARITABLE FOUNDATION LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
6 Manor Park Business Centre |
Mackenzie Way |
Cheltenham |
Gloucestershire |
GL51 9TX |
SOLICITORS: |
66 Lincoln's Inn Fields |
London |
WC2A 3LH |
THE WALTHAM ABBEY ROYAL GUNPOWDER |
MILLS CHARITABLE FOUNDATION LIMITED (REGISTERED NUMBER: 03325864) |
STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
TOTAL ASSETS LESS CURRENT LIABILITIES |
RESERVES | - | - |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
THE WALTHAM ABBEY ROYAL GUNPOWDER |
MILLS CHARITABLE FOUNDATION LIMITED (REGISTERED NUMBER: 03325864) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
The Waltham Abbey Royal Gunpowder Mills Charitable Foundation Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | SECURED DEBTS |
A Legal Charge was created on 22 December 2022 in favour of The Trustees of The National Heritage Memorial Fund ("NHMF") in relation to the freehold property known as building L157, part of the property at the Waltham Abbey site, Powdermill Lane, Waltham Abbey, EN9 1BN. |
The Secured Obligation consists of all monies, obligations and liabilities owing by The Waltham Abbey Royal Gunpowder Mills Charitable Foundation Limited to NHMF under the Grant Contract. |
5. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
6. | POST BALANCE SHEET EVENTS |
At the Board meeting of 4 December 2023 it was decided that there would be a merger between The Waltham Abbey Royal Gunpowder Mills Charitable Foundation Limited and The Waltham Abbey Royal Gunpowder Mills Company Limited. |
Under this model, the Operating Company would be dissolved and its operational responsibilities taken on by The Waltham Abbey Royal Gunpowder Mills Charitable Foundation Limited with the Foundation holding the site and the Permanent Endowment. |
The Waltham Abbey Royal Gunpowder Mills Charitable Foundation Limited would adopt new Articles and be registered as a charity. It would also establish a trading subsidiary to enable it to carry out trading activity in the future. |
7. | SHARE CAPITAL |
The company is limited by guarantee and has no share capital. Under the terms of the Memorandum of Association the liability of each member is limited to £1 in the event of winding up of the company. |