REGISTERED COMPANY NUMBER: 02615065 (England and Wales)
REGISTERED CHARITY NUMBER: 1029007
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Hillingdon Narrowboats Association
Lee Accounting Services 2018 Limited
Trading as Lee & Co
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER
Hillingdon Narrowboats Association
Contents of the Financial Statements
for the Year Ended 31 March 2022
|
Page |
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 |
Statement of Financial Activities |
4 |
Balance Sheet |
5 to 6 |
Notes to the Financial Statements |
7 to 14 |
Detailed Statement of Financial Activities |
15 to 16 |
Hillingdon Narrowboats Association
for the Year Ended 31 March 2022
Report of the Trustees
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31March2022.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives for which the Association is established are:
-Toprovideeducationalopportunitiesforyoungpeople,schoolsandcommunitygroupsinthe London
Borough of Hillingdon and the surrounding areas on the narrowboats;
-ToprovideorassistintheprovisionoffacilitiestoinhabitantsoftheLondonBoroughofHillingdon and
elsewhere so that their conditions of life may be improved.
ACHIEVEMENT AND PERFORMANCE
HNAhascontinuedtoofferaffordablenarrowboatingtoyouth&communitygroupswithinthe borough
andsurroundingareas.Weheldtrainingcourses,givingindividualsanopportunitytoobtain their
Certificatein CommunityBoat Management(CBBM)or Boat Handlingcertificates.This has given us a larger
poolofsteerers,allowingus toprovidemoremidweektripsduringthesummermonths,mainlyto groups
of elderly and disadvantaged people.
Weholdvolunteerdays,weeklyonaTuesdayandonthefirstSundayofeachmonth.OntheSunday we
providelunchandaboattripintheafternoon.Peoplehelpwithvariousjobs,suchaspaintingand other
maintenanceofournarrowboats,woodwork,cleaningandothertasksaroundourfleet,premisesand the
canalside area we have adopted.
FINANCIAL REVIEW
TheAssociation'sstatementoffinancialactivitiesshowedadeficitof£15,030(2021:£27,065).Asat 31
March2022theunrestrictedfundsstoodat£51,196(2021:£66,226)andtherestrictedfundsstood at
£5,795 (2021: £5,795).
FUTURE PLANS
Weareworkingtoexpandourclientbasebothbywordofmouthandbycontactingmorespecial needs
groupsvia the localcouncil.We nowhavea MarketingManagerand a new marketingstrategyto increase
our advertisingand abilityto reach out to other communitygroups.Our disablednarrowboatSpirit is about
to begin a refurbishment to offer better facilities and experience to disabled and disadvantaged people.
Wewillcontinuewithoutpresenceatalllocalfestivalsprovidingboattripsandtoursofour historic
narrowboat,Pisces.WeintendtocontinueworkingwiththeDukeofEdinburgh'sGoldAward candidates,
after a long break due to the pandemic.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
ThecharitywasestablishedundertheMemorandumandcontrolledbyitsArticlesofAssociation, and
constitutesalimitedcompany,limitedbyguarantee,incorporatedon28May1991asamendedby a
special resolution on 12 October 1993.
Page 1
Hillingdon Narrowboats Association
Report of the Trustees
for the Year Ended 31 March 2022
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02615065 (England and Wales)
Registered Charity number
1029007
Registered office
The Boat House
Summerhouse Lane
Harefield
Uxbridge
Middlesex
UB9 6HX
Trustees
Mrs A Daniels
P C Huntley
Mrs E Griffiths (resigned 18.8.22)
Mrs L A Griffiths (resigned 13.7.21)
Mrs K Robinson
D Wright
Mrs M Walsh Treasurer
R J Banks Paulden (appointed 30.5.22)
A D Martin (appointed 30.5.22)
Company Secretary
P C Huntley
Independent Examiner
John D Lee FCA
Lee Accounting Services 2018 Limited
Trading as Lee & Co
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER
Website
https://hillingdon-narrowboats.org.uk/
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................
Mrs M Walsh - Trustee
Page 2
Independent Examiner's Report to the Trustees of Hillingdon Narrowboats Association
Independent examiner's report to the trustees of Hillingdon Narrowboats Association ('the Company')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2022.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsiblefor the preparationof the accountsin accordancewith the requirementsof the Companies Act
2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobe auditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationI havefollowedtheDirectionsgivenbytheCharityCommissionunderSection 145(5)
(b) of the 2011 Act.
Independent examiner's statement
I have completedmy examination.I confirmthat no mattershave come to my attentionin connection with
the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
John D Lee FCA
Lee Accounting Services 2018 Limited
Trading as Lee & Co
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER
Date: .............................................
Page 3
Hillingdon Narrowboats Association
Statement of Financial Activities
for the Year Ended 31 March 2022
Unrestricted
Restricted
fund
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
14,398
-
Other trading activities
3
56,157
-
Investment income
4
3
-
Total
70,558
-
EXPENDITURE ON
Raising funds
5
85,588
-
NET INCOME/(EXPENDITURE)
(15,030)
-
RECONCILIATION OF FUNDS
Total funds brought forward
66,226
5,795
TOTAL FUNDS CARRIED FORWARD
51,196
5,795 |
31.3.22
31.3.21
Total
Total
funds
funds
£
£
14,398
24,955
56,157
14,288
3
8
70,558
39,251
85,588
66,316
(15,030)
(27,065)
72,021
99,086
56,991
72,021 |
|
|
The notes form part of these financial statements
Page 4
Hillingdon Narrowboats Association
Balance Sheet
31 March 2022
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
23,953
CURRENT ASSETS
Stocks
12
2,110
Debtors
13
35,306
Cash at bank and in hand
14,301
51,717
CREDITORS
Amounts falling due within one year
14
(24,474)
NET CURRENT ASSETS
27,243
TOTAL ASSETS LESS CURRENT LIABILITIES
51,196
NET ASSETS
51,196
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Restricted
funds
£
-
-
-
5,795
5,795
-
5,795
5,795
5,795 |
31.3.22
Total
funds
£
23,953
2,110
35,306
20,096
57,512
(24,474)
33,038
56,991
56,991
51,196
5,795
56,991 |
31.3.21
Total
funds
£
34,643
2,110
18,788
31,464
52,362
(14,984)
37,378
72,021
72,021
66,226
5,795
72,021 |
|
|
|
|
The charitablecompanyis entitledto exemptionfromauditunderSection477of the CompaniesAct 2006
for the year ended 31 March 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
Hillingdon Narrowboats Association
Balance Sheet - continued
31 March 2022
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
M Walsh - Trustee
The notes form part of these financial statements
Page 6
Hillingdon Narrowboats Association
Notes to the Financial Statements
for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102)(effective1 January2019)',FinancialReportingStandard102'The FinancialReporting Standard
applicablein theUK andRepublicofIreland'andtheCompaniesAct2006.Thefinancial statements
have been prepared under the historical cost convention.
Income
Allincomeis recognisedin theStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthe charityto that expenditure,it is probablethat a transferof economicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
Plant and machinery- 25% on cost and 10% on cost
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowance for
obsolete and slow moving items.
Stocks include fuel held in storage tank and on board narrowboats.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the
trustees.
Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.
continued...
Page 7
Hillingdon Narrowboats Association
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES - continued
Government grants
Government grants are accounted for under the accruals basis.
Financial instruments
Debtors
Shorttermdebtorsaremeasuredattransactionprice,lessanyimpairment.Loansreceivable are
measuredinitiallyatfairvalue,netoftransactioncosts,andaremeasuredsubsequently at
amortised cost using the effective interest method, less any impairment.
Creditors
Shorttermtradecreditorsare measuredat the transactionprice.Otherfinancialliabilities, including
bankloans,aremeasuredinitiallyatfairvalue,netoftransactioncosts,andare measured
subsequently at amortised cost using the effective interest method.
2.
DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
Other grants |
31.3.22
£
5,264
9,134
14,398
31.3.22
£
9,134 |
31.3.21
£
1,109
23,846 |
|
|
24,955 |
|
|
31.3.21
£
23,846 |
Included within grants received are £9,134 (2021: £12,096) of local authority coronavirus grants.
3. OTHER TRADING ACTIVITIES
Reg
Pisces
Star
Spirit
Merlin
Courses
Other income |
31.3.22
£
16,315
9,415
2,790
9,135
12,595
2,490
3,417
56,157 |
31.3.21
£
2,110
120
-
1,800
960
-
9,298 |
|
|
14,288 |
continued...
Page 8
Hillingdon Narrowboats Association
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
4.
INVESTMENT INCOME
Deposit account interest
5.
RAISING FUNDS
Raising donations and legacies
Running costs
Narrowboat maintenance
Fundraising fees
Labour costs: contractors
Support costs
6.
SUPPORT COSTS
Management
Finance
£
£
Raising donations and
legacies
16,354
352
7.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets |
31.3.22
£
3
31.3.22
£
35,460
2,617
2,933
15,502
29,076
85,588
Governance
Other
costs
£
£
10,690
1,680
31.3.22
£
10,690 |
31.3.21
£
8
31.3.21
£
7,377
20,276
-
16,473
22,190 |
|
|
66,316 |
|
|
Totals
£
29,076 |
|
|
31.3.21
£
10,704 |
Depreciation - owned assets
continued...
Page 9
Hillingdon Narrowboats Association
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022nor for
the year ended 31 March 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2022norfortheyear ended
31 March 2021.
9. STAFF COSTS
The average monthly number of employees during the year was NIL (2021 - NIL).
No employees received emoluments in excess of £60,000.
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
13,705
11,250
Other trading activities
14,288
-
Investment income
8
-
Total
28,001
11,250
EXPENDITURE ON
Raising funds
47,535
18,781
NET INCOME/(EXPENDITURE)
(19,534)
(7,531)
RECONCILIATION OF FUNDS
Total funds brought forward
85,760
13,326
TOTAL FUNDS CARRIED FORWARD
66,226
5,795 |
Total
funds
£
24,955
14,288
8
39,251
66,316
(27,065)
99,086
72,021 |
|
|
continued...
Page 10
Hillingdon Narrowboats Association
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
11.
TANGIBLE FIXED ASSETS
COST
At 1 April 2021 and 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
12.
STOCKS
Stocks
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Inter fund balances
Prepayments and accrued income |
Plant and
machinery
Narrowboats
£
£
21,885
106,500
21,725
72,017
40
10,650
21,765
82,667
120
23,833
160
34,483
31.3.22
£
2,110
31.3.22
£
31,165
2,569
-
1,572
35,306 |
Totals
£
128,385 |
Totals
£
128,385 |
|
|
93,742
10,690 |
|
|
|
104,432 |
|
|
|
|
23,953 |
|
|
|
34,643 |
|
|
|
31.3.21
£
2,110
31.3.21
£
11,685
1,307
1,445
4,351 |
|
|
|
18,788 |
continued...
Page 11
Hillingdon Narrowboats Association
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Inter fund balances
Accrued expenses
Deferred income
15.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Eddy Warburton Memorial Fund
Theo Refurb Project
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
31.3.22
31.3.21
£
£
2,247
3,662
-
1,445
1,897
1,897
20,330
7,980
24,474
14,984
Net
movement
At
At 1.4.21
in funds
31.3.22
£
£
£
66,226
(15,030)
51,196
1,445
-
1,445
4,350
-
4,350
5,795
-
5,795
72,021
(15,030)
56,991
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
70,558
(85,588)
(15,030)
70,558
(85,588)
(15,030) |
|
|
continued...
Page 12
Hillingdon Narrowboats Association
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Eddy Warburton Memorial Fund
Theo Refurb Project
TOTAL FUNDS |
Net
movement
At 1.4.20
in funds
£
£
85,760
(19,534)
1,445
-
11,881
(7,531)
13,326
(7,531)
99,086
(27,065) |
At
31.3.21
£
66,226
1,445
4,350 |
|
|
5,795 |
|
|
72,021 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Theo Refurb Project
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
28,001
(47,535)
(19,534)
11,250
(18,781)
(7,531)
39,251
(66,316)
(27,065) |
|
|
16. RELATED PARTY DISCLOSURES
Trustees' remuneration and benefits for the year ended 31 March 2022 were £139 (2021: £4,265).
Trustees' expenses paid for the year ended 31 March 2022 were £2,830 (2021: £303).
continued...
Page 13
Hillingdon Narrowboats Association
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
17. ULTIMATE CONTROLLING PARTY
The trustee's do not believe there is an ultimate controlling party.
Page 14
Hillingdon Narrowboats Association
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
Detailed Statement of Financial Activities
for the Year Ended 31 March 2022 |
|
|
|
31.3.22 |
31.3.21 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Donations and legacies |
|
|
Donations |
5,264 |
1,109 |
Grants |
9,134 |
23,846 |
|
14,398 |
24,955 |
Other trading activities |
|
|
Reg |
16,315 |
2,110 |
Pisces |
9,415 |
120 |
Star |
2,790 |
- |
Spirit |
9,135 |
1,800 |
Merlin |
12,595 |
960 |
Courses |
2,490 |
- |
Other income |
3,417 |
9,298 |
|
56,157 |
14,288 |
Investment income |
|
|
Deposit account interest |
3 |
8 |
Total incoming resources |
70,558 |
39,251 |
EXPENDITURE |
|
|
Raising donations and legacies |
|
|
Running costs |
35,460 |
7,377 |
Narrowboat maintenance |
2,617 |
20,276 |
Fundraising fees |
2,933 |
- |
Labour costs: contractors |
15,502 |
16,473 |
|
56,512 |
44,126 |
Support costs |
|
|
Management |
|
|
Insurance |
2,327 |
2,864 |
Light and heat |
3,189 |
3,398 |
Telephone |
914 |
1,388 |
Advertising |
499 |
- |
Carried forward |
6,929 |
7,650 |
This page does not form part of the statutory financial statements
Page 15
Hillingdon Narrowboats Association
Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
Detailed Statement of Financial Activities
for the Year Ended 31 March 2022 |
|
|
|
31.3.22 |
31.3.21 |
|
£ |
£ |
Management |
|
|
Brought forward |
6,929 |
7,650 |
Sundries |
643 |
141 |
Administration costs |
6,686 |
1,278 |
Repairs and renewals |
2,096 |
673 |
|
16,354 |
9,742 |
Finance |
|
|
Bank charges |
352 |
64 |
Other |
|
|
Plant and machinery |
40 |
54 |
Motor vehicles |
10,650 |
10,650 |
|
10,690 |
10,704 |
Governance costs |
|
|
Accountancy fees |
1,680 |
1,680 |
Total resources expended |
85,588 |
66,316 |
Net expenditure |
(15,030) |
(27,065) |
This page does not form part of the statutory financial statements
Page 16