TRUMAN ENTERPRISE NARROWBOAT TRUST
TRUSTEES ANNUAL REPORT
For Year Ending 31s* March 2025
Registered Number 1037914
Address: 145 Stafford Road, Bloxwich, Walsall. WS3 3PG
Trustees:
Mr Christopher Rogers
Mr Adrian Jordan
Mr Michael Clark - (Appointed 10/08/25)
Mr David Leaper - (Appointed 10/08/25)
Mr David Dunham - (Appointed 10/08/25)
Mr Robin Gray - (Deceased 01/10/25)
Structure and Management.
The Trust is managed by a committee of Trustees, who are appointed at the Annual General
Meeting. Each Trust member is elected for three years but may offer themselves for re-election
at the AGM. The Trustees have delegated the day to day running of the Trust to a Management
Committee. The Trustees recruit Trustees by invitation, having regard to the skills, knowledge
and experience needed for the effective management of the Trust.
All Trustees and Management Committee members are volunteers and the total number of
active volunteers during the year totalled 21.
Activities and objectives.
The primary aim of the Trust is to provide disabled, elderly, unwell or disadvantaged people in
community groups, affordable boat trips on the Staffs and Worcs. canal in the West Midlands in
order to improve the quality of their lives, health and well-being.
Achievements and Performance
111 trips were made in the year. Many of these were made by previous groups but the Trust was
pleased that many new groups enjoyed trips for the first time.
We recruited 2 new volunteers in the year, both of whom became fully NCBA qualified crew
members. Additionally, 1 volunteer completed the NCBA skippers' course prior to the season
commencing and subsequently skippered many trips during the year. The Trust now has 8
qualified skippers, 2 qualified NCBA boat handlers and 8 crew members. 3 crew members have
started the Boat Handling at the end of the season.
All skippers and crew members attended the pre-season training sessions in March, and the
Trust arranged two end of season trips for volunteers, in order to cut back overgrown vegetation
on the offside of the canal.
In October, a trip was arranged for retired Trust volunteers, and a free trip was arranged for the
owners of the Fish and chip shop who have provided excellent service and delivery of fish and
trips during the season.
The season was not without problems, the engine having suffered intermittent starting troubles,
and overheating problems, a broken toilet flush and a significant leak in the kitchen area.

Fortunately, all these faults were rectified over the winter months, ready for the new season in
2025.
Financial Review
As of 31st March 2025, the Trust was in a healthy financial position.
At the beginning of 2024, a new volunteer joined the Trust with the sole job to raise funds to
acquire a new boat to replace the existing boat, which is now 46 years old. During the year he
successfully raised £24,600 through grants and donations. This has contributed greatly to the
overall income for the year, as follows:
Bookings
Sundry Donations
Gift Aid
Grants & Donations
Bank Interest
£11,795
€ 1,608
381
€ 4,600
€ 1,270
Sub Total
£19,654
Major Grants
£20,000
TOTAL
£39,654
Expenditure
£14,630
Surplus
£25,024
On 31s March 2025, the Trust had funds totalling £75,409. The Trust maintains a general deposit
account and a new boat fund account. The new boat fund had £10,929 at 31/03/25 and a further
£55,000 held in an 18-month fixed rate bond at 4.55% interest, maturing in May 2026 to generate
£3,745 interest. All donations received are transferred to the new boat fund.
The Accounts were examined and approved by:
Mr Robert Williams, 29 Hall Lane, Burntwood WS70JP
Signed
C Rogers
Chair - Truman Enterprise Narrowboat Trust
Date 22/11/2025

Receipts
Bookings
Donations and sundry income
HMRC Gift Aid
Grants & Major Donations
Interest on deposit account
TOTAL RECEIPTS
Payments
CRT Licence
Insurance
Moorings
Gas, Fuel & Oil
Cleaning & Turn-around
Repairs & maintenance
Replacements & new equipment
Training
DBS Checks
Crew volunteer expenses
Accounts Fee
Sundry items
Bank Interest & Charges
NCBA, IWA membership fees
Fund Raising Costs
TOTAL PAYMENTS
NET ORDINARY OPERATIONS
EXCEPTIONAL ITEMS
National Lottery Grant for new windows etc
National Lottery Grant for Blacking
Squire Foundation Donation
TRUMAN ENTERPRISE NARROWBOAT TRUST
FINANCIAL STATEMENT FOR THE 12 MONTHS ENDING 31ST MARCH 2025
" ENTERPRISE" NARROWBOAT
31st March 2025
Enterprise
Total
E.p
11,795.00
1,608.39
380.73
24,600.00
1,270.61
£.
11,795.00
1,608.39
380.73
4,600.00
1,270.61
£39,654.73
944.70
1,791.79
2,227.68
715.41
38.09
1,181.89
2,816.52
120.00
52.56
2,055.00
100.00
497.40
71.40
0.00
2,017.69
£14,630.13
£25,024.60
2023-24
£19,654.73
944.70
1,791.79
2,227.68
715.41
38.09
1,181.89
2,816.52
120.00
52.56
2,055.00
100.00
497.40
71.40
0.00
2,017.69
£14,630.13
€5,024.60
Total
£.
12,250.00
1,083.96
660.88
0.00
1,213.86
£15,208.70
868.38
1760.45
2162.16
849.20
22.56
5776.83
461.52
0.00
0.00
2225.00
100.00
261.59
72.00
264.00
0.00
£14,823.69
£385.01
2,879.00
2022-23
Total
£.
6,835.00
4,172.43
767.122
0.00
462.13
0.00
£12,236.68
796.68
1536.10
2052.96
607.18
33.30
282.83
1782.70
410.00
131.34
1410.00
100.00
214.47
72.00
214.00
0.00
£9,643.56
£2,593.12
2023-24
Total
f.
12,250.00
1,083.96
660.88
0.00
1,213.86
£15,208.70
868.38
1760.45
2162.16
849.20
22.56
5776.83
461.52
0.00
0.00
2225.00
100.00
261.59
72.00
264.00
0.00
£14,823.69
£385.01
sub-total
Aggregated bank accounts as at 31 March 2024
Aggregated bank accounts as at 31st March 2025
20,000.00
25,024.60
50,384.38
£75,408.98
3,264.01
47,120.00
£50,384.38
5,424.00
8,017.12
385.01
39,103.25
£47,120.37
40,146.09
£40,531.10

TRUMAN ENTERPRISE NARROWBOAT TRUST
STATEMENT OF ASSETS AND LIABILITIES YEAR ENDING 31st March 2025
Monetary assets
Unity Trust Current a/c
Unity Trust Deposit a/c
Deposit a/c New Boat Fund
18 Month Fixed Rate Deposit
Petty Cash A/c
TOTAL
31/03/2025
f.p
423.44
9,027.15
10,928.88
55,000.00
29.51
75,408.98
31/03/24
£.
31/03/23
£.
31/03/22
£.
740.69
10,787.02
38,806.67
0.00
50.00
€50,384.38
500.30
12,869.54
25,721.30
0.00
12.11
£39,103.25
263.42
16,266.67
23,615.77
0.00
0.23
£40,146.09
Registered Charity No. 1037914
NOTES TO THE ACCOUNTS
Add payments for trips prior 1/04/24
Less payments for trips post 01/04/25
Add National Lottery Grant for new windows
£1,160.00
-1,970.00
£1,020.00 (E2879.00 received last financial year. - 50% paid 24-25, bal. paid in 25-26)
Representative result 12 months to 31/03/25
£25,234.60
TRUST ASSETS
The operating narrowboats and all related fixtures, fittings, tools, equipment and any other such assets are held in trust by the Trustees
jointly for the benefit of the Truman Enterprise Narrowboat Trust under the control of Members of its Management Committee so
appointed by the Trustees from time to time in accordance with the current Trust Deed.
RESERVES POLICY
The Trustees have considered the nature of income and expenditure streams and what funds should be held in reserve to meet
commitments on both ongoing and planned basis.
To allow the charity to be managed efficiently and to ensure that sufficient resources are available to provide uninterrupted services, a
general reserve fund equivalent to at least 30% of the charity's operating costs should be maintained. Out of this general fund, amounts
are to be set aside for specific expenditure which is envisaged in the next financial year.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records; and
- to prepare financial statements which accord with the accounting records or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Accounts presented by Chris Rogers
Chairman and Treasurer
Date:
Gon May 2025
Accounts examined & signed by Mr R.O.Williams,
29 Hall Lane, Hammerwich WS7 OJP
Ruinis
Date:
28th May 2025

Receipts
Bookings
Donations and sundry income
HMRC Gift Aid
Grants & Major Donations
Interest on deposit account
TOTAL RECEIPTS
Payments
CRT Licence
Insurance
Moorings
Gas, Fuel & Oil
Cleaning & Turn-around
Repairs & maintenance
Replacements & new equipment
Training
DBS Checks
Crew volunteer expenses
Accounts Fee
Sundry items
Bank Interest & Charges
NCBA, IWA membership fees
Fund Raising Costs
TOTAL PAYMENTS
NET ORDINARY OPERATIONS
EXCEPTIONAL ITEMS
National Lottery Grant for new windows etc
National Lottery Grant for Blacking
Squire Foundation Donation
TRUMAN ENTERPRISE NARROWBOAT TRUST
FINANCIAL STATEMENT FOR THE 12 MONTHS ENDING 31ST MARCH 2025
" ENTERPRISE" NARROWBOAT
31st March 2025
Enterprise
Total
E.p
11,795.00
1,608.39
380.73
24,600.00
1,270.61
£.
11,795.00
1,608.39
380.73
4,600.00
1,270.61
£39,654.73
944.70
1,791.79
2,227.68
715.41
38.09
1,181.89
2,816.52
120.00
52.56
2,055.00
100.00
497.40
71.40
0.00
2,017.69
£14,630.13
£25,024.60
2023-24
£19,654.73
944.70
1,791.79
2,227.68
715.41
38.09
1,181.89
2,816.52
120.00
52.56
2,055.00
100.00
497.40
71.40
0.00
2,017.69
£14,630.13
€5,024.60
Total
£.
12,250.00
1,083.96
660.88
0.00
1,213.86
£15,208.70
868.38
1760.45
2162.16
849.20
22.56
5776.83
461.52
0.00
0.00
2225.00
100.00
261.59
72.00
264.00
0.00
£14,823.69
£385.01
2,879.00
2022-23
Total
£.
6,835.00
4,172.43
767.122
0.00
462.13
0.00
£12,236.68
796.68
1536.10
2052.96
607.18
33.30
282.83
1782.70
410.00
131.34
1410.00
100.00
214.47
72.00
214.00
0.00
£9,643.56
£2,593.12
2023-24
Total
f.
12,250.00
1,083.96
660.88
0.00
1,213.86
£15,208.70
868.38
1760.45
2162.16
849.20
22.56
5776.83
461.52
0.00
0.00
2225.00
100.00
261.59
72.00
264.00
0.00
£14,823.69
£385.01
sub-total
Aggregated bank accounts as at 31 March 2024
Aggregated bank accounts as at 31st March 2025
20,000.00
25,024.60
50,384.38
£75,408.98
3,264.01
47,120.00
£50,384.38
5,424.00
8,017.12
385.01
39,103.25
£47,120.37
40,146.09
£40,531.10

TRUMAN ENTERPRISE NARROWBOAT TRUST
STATEMENT OF ASSETS AND LIABILITIES YEAR ENDING 31st March 2025
Monetary assets
Unity Trust Current a/c
Unity Trust Deposit a/c
Deposit a/c New Boat Fund
18 Month Fixed Rate Deposit
Petty Cash A/c
TOTAL
31/03/2025
f.p
423.44
9,027.15
10,928.88
55,000.00
29.51
75,408.98
31/03/24
£.
31/03/23
£.
31/03/22
£.
740.69
10,787.02
38,806.67
0.00
50.00
€50,384.38
500.30
12,869.54
25,721.30
0.00
12.11
£39,103.25
263.42
16,266.67
23,615.77
0.00
0.23
£40,146.09
Registered Charity No. 1037914
NOTES TO THE ACCOUNTS
Add payments for trips prior 1/04/24
Less payments for trips post 01/04/25
Add National Lottery Grant for new windows
£1,160.00
-1,970.00
£1,020.00 (E2879.00 received last financial year. - 50% paid 24-25, bal. paid in 25-26)
Representative result 12 months to 31/03/25
£25,234.60
TRUST ASSETS
The operating narrowboats and all related fixtures, fittings, tools, equipment and any other such assets are held in trust by the Trustees
jointly for the benefit of the Truman Enterprise Narrowboat Trust under the control of Members of its Management Committee so
appointed by the Trustees from time to time in accordance with the current Trust Deed.
RESERVES POLICY
The Trustees have considered the nature of income and expenditure streams and what funds should be held in reserve to meet
commitments on both ongoing and planned basis.
To allow the charity to be managed efficiently and to ensure that sufficient resources are available to provide uninterrupted services, a
general reserve fund equivalent to at least 30% of the charity's operating costs should be maintained. Out of this general fund, amounts
are to be set aside for specific expenditure which is envisaged in the next financial year.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records; and
- to prepare financial statements which accord with the accounting records or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Accounts presented by Chris Rogers
Chairman and Treasurer
Date:
Gon May 2025
Accounts examined & signed by Mr R.O.Williams,
29 Hall Lane, Hammerwich WS7 OJP
Ruinis
Date:
28th May 2025