Hillingdon Narrowboats Association
Report of the Trustees at the AGM on 25 January 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report to date along with the financial statements of the charity for the year ended 31 March 2024.
The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial 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:
- To provide educational opportunities for young people, schools and community groups in the London Borough of Hillingdon and the surrounding areas on the narrowboats; - To provide or assist in the provision of facilities to inhabitants of the London Borough of Hillingdon and elsewhere so that their conditions of life may be improved.
ACHIEVEMENT AND PERFORMANCE
HNA has continued to offer affordable narrowboating to youth & community groups within the Borough and surrounding areas. We held training courses, giving individuals an opportunity to obtain or retain their Certificate in Community Boat Management (CCBM) or Boat Handling certificates. This has given us a larger pool of steerers, allowing us to provide more midweek trips during the summer months, mainly to groups of elderly and disadvantaged people.
We hold volunteer days during the week (mostly Tuesday to Thursday). In the summer, we add first Sunday of each month. On the Sunday we provide lunch and a boat trip in the afternoon. People help with various jobs, such as painting and other maintenance of our narrowboats, woodwork, cleaning and other tasks around our fleet, premises and the canalside area we have adopted, as well as administrative tasks.
There have been significant challenges in the last year, particularly in relation to leadership, which have largely concluded within the last two months. We are confident that the present structure enables HNA to proceed on an even keel.
FINANCIAL REVIEW
The Association's statement of financial activities showed a balance of £20,233.09 as of 31st March 2024 (2023: £25,398.15). We are pleased to report that we have managed to stem the recent losses and that we are now moving in a positive direction.
FUTURE PLANS
We are working to expand our client base both by word of mouth and by contacting more special needs groups via the local council. We have broadened our marketing strategy to include Social Media championed by one of our trusted volunteers in order to increase our advertising and ability to reach out to other community groups. Our disabled narrowboat Spirit is about to begin a refurbishment to offer better facilities and experience to disabled and disadvantaged people.
We will continue with our presence at all local festivals providing boat trips and tours of our historic narrowboat, Pisces.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document:
The charity was established under the Memorandum and controlled by its Articles of Association, and constitutes a limited company, limited by guarantee, incorporated on 28 May 1991 as amended in 2019.
Many of the policy documents have been updated in line with current regulations and best practices. New policies have also been created to ensure that the Trustees work in a consistent and accountable way, following rules and procedures which best serve the needs of the Charity.
For full transparency, all new and updated polices have been published on our website.
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
Anne Daniels Chris Hall Paul Huntley Pete Mahoney Robert Paulden Mark Simmons John Usher Jez Walsh
The accounts have not been independently examined or audited
Website: https://hillingdon-narrowboats.org.uk/ Approved by trustees on .....................
Profit and Loss
Hillingdon Narrowboats Association
13/10/2024
01/04/2023 - 31/03/2024
| INCOME | |
|---|---|
| Income | |
| DONATION | 3,121.36 |
| Sales | |
| Sales - Items | 236.87 |
| Sales - Services | 43,557.64 |
| Sales - Miscellaneous | 2,250.04 |
| Total Sales | 46,044.55 |
| Other Income | 5,000.00 |
| Interest Income | 67.36 |
| Total Income | 54,233.27 |
| INCOME | 54,233.27 |
| COGS | |
| Cost of Sales | |
| Direct Labor | |
| Direct Labor - Items | -20,826.59 |
| Total Direct Labor | -20,826.59 |
| Total Cost of Sales | -20,826.59 |
| TOTAL COGS | -20,826.59 |
| GROSS PROFIT | 33,406.68 |
| EXPENSES | |
| Expenses | |
| Website | -2,125.00 |
| BOAT LICENCE | -5,148.37 |
| Other | -100.00 |
| Advertising Expense | -2,009.43 |
| Commissions and Fees Expense | -1,014.00 |
| Insurance Expense | -1,554.19 |
| Legal and Professional Expense | -2,100.00 |
| Licenses Expense | -21.00 |
| Meals and Entertainment Expense | -2,213.76 |
| Office Expense | -673.18 |
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Profit and Loss - Hillingdon Narrowboats Association
13/10/2024
| 01/04/2023 - 31/03/2024 | |
|---|---|
| Postage Expense | -8.95 |
| Supplies Expense | -15,629.49 |
| Travel Expense | -185.95 |
| Utilities Expense | -3,194.66 |
| Total Expenses | -35,977.98 |
| TOTAL EXPENSES | -35,977.98 |
| OTHER INCOME AND EXPENSES | |
| Other Income | |
| Other Income Miscellaneous | 468.85 |
| Total Other Income | 468.85 |
| TOTAL OTHER INCOME AND EXPENSES | 468.85 |
| NET INCOME | -2,102.45 |
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Balance Sheet
Hillingdon Narrowboats Association
13/10/2024
| 01/04/2023 - 31/03/2024 | |
|---|---|
| ASSETS | |
| Bank | |
| Bank Account HIL-30971900100691 | -10,979.38 |
| Bank Account HIL-30971907000978 | -4,932.64 |
| Bank Account PETTY CASH | 36.64 |
| Bank Account PAYPAL | 440.99 |
| Bank Account SUM UP | -1,856.87 |
| Bank Account Paypal 2 | -12,484.02 |
| Bank Account HIL-532865**8805 | -2,434.13 |
| Bank Account MET-49824378 | 28,216.01 |
| Bank in Transit | 0.00 |
| Total Bank | -3,993.40 |
| Other Current Assets | |
| Undeposited Funds | 0.00 |
| Total Other Current Assets | 0.00 |
| Fixed Assets | |
| Equipment | 1,890.95 |
| Total Fixed Assets | 1,890.95 |
| TOTAL ASSETS | -2,102.45 |
| LIABILITIES & EQUITY | |
| Equity | |
| Net Income | -2,102.45 |
| Total Equity | -2,102.45 |
| TOTAL LIABILITIES & EQUITY | -2,102.45 |
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