52
WWT Report and Financial Statements 2012/13
31. Trading subsidiaries
The charity has three wholly owned trading subsidiaries, which are registered in England and Wales. Wildfowl &
Wetlands Trust (Trading) Ltd carries out commercial activities, mainly retail and catering. WWT (Consulting) Ltd provides
environmental consultancy. Wetlands Advisory Service Ltd is dormant. All the companies donate their taxable profits
to WWT and, in years where there are differences between accounting profit and taxable profit, this can result in a small
retained loss or gain. A summary of the trading results for WWT (Trading) Ltd and WWT (Consulting) Ltd is shown
below. Audited accounts for all companies are filed with the Registrar of Companies at Companies House each year.
Profit and Loss Accounts
WWT (Trading) Ltd
WWT (Consulting) Ltd
Year ended
31 Mar 2013
£’000
Year ended
31 Mar 2012
£’000
Year ended
31 Mar 2013
£’000
Year ended
31 Mar 2012
£’000
Turnover - third party
3,891
4,212
768
981
- group
47
50
59
11
Cost of sales - third party
(2,548)
(2,663)
(282)
(594)
- group
(47)
(50)
(59)
(11)
Gross profit
1,343
1,549
486
387
Administration costs
(1,315)
(1,243)
(469)
(482)
Interest received
-
-
-
-
Profit before taxation and Gift Aid donation & group relief
28
306
17
(95)
Group relief
-
(92)
-
92
Gift Aid donation to WWT
(33)
(198)
(21)
-
Profit/(loss) before taxation
(5)
16
(4)
(3)
Tax on profit/(loss) on ordinary activities
-
-
-
-
Net profit/(loss)
(5)
16
(4)
(3)
Profit brought forward
90
74
3
6
Profit carried forward
85
90
(1)
3
Share capital – £1 ordinary shares
350
350
85
85
The above subsidiary accounts are before consolidation adjustments.
