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REGISTERED NUMBER: 03325864 (England and Wales)















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: J I Besent
O H J Pearcey
C M Pemberton
A P Coates
R Lawes



SECRETARY: I Davies



REGISTERED OFFICE: Column House
London Road
Shrewsbury
Shropshire
SY2 6NN



REGISTERED NUMBER: 03325864 (England and Wales)



AUDITORS: BK Plus Audit Limited (Statutory Auditor)
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL51 9TX



SOLICITORS: Farrer & Co LLP
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 - -

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 14 August 2024 and were signed on its behalf by:





C M Pemberton - Director


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 private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Roger Downes FCA (Senior Statutory Auditor)
for and on behalf of BK Plus Audit Limited (Statutory Auditor)

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.