Sthniiory"AudilOT .260- 270 Butterfi¢i G"rt4t..MaTlin8s 1111 ACGXYT41* 24111r23 COMPANIES HOUSE .-•It"v[GR# .30109r2023 IPANIES HOLISE A12
173
A23
IYAle&-to.IE*711ianeiAIShtemt•ts.
-.P.Page M.C'Wil.tol "'M$:J'Willi8m i,fobin (appiiiteass-.5..:Jy .'SiaNtoJy..A•ditor. 265i..171¥ffj¥i*rfieid. Gieai Mlrlings. LV2-81YL '.Bar¢iays Bank "2 Marker squ.are I£A8h10n Bii7wd Bedfords Page I
LONDCii4 NAIIROW BOAT PROJE {REGISTFJiED NUMBER: O2718S82)
RIPQRT.OF TRETRVSTEES
for th¢ Y¢ar.£aded Ji DECEMBER2•12'
The tsiiste-es who are 2150 dIreCr$ of the for the pu05¢5 of tbe CompDies Aci 2006. sJres¢nt.their report wilb"
tlie fiDaDci&I ststemenls of the dwity for the )rar ¢ntsJ"31"Decenu 2022.'Th¢ teeS bav¢ adopd the" provision8 of '
Accounting and Reptrting.,by CTrArities.. StstemEnt'of Recomme}ed Prxtice applic4bk.to" charit1..prcparMg 'their.
in accordarte wiib tkne Financi Rwtin8 Sw•Jard 4pp]Mb.l¢ IN the LfK and Rwthli¢.oflrAirid (FRS", 102)
(effective l Jamwy 2019).
Objective5 aljw.
The London 148rrow Bts iyoiecfs Memoi•Nillm'¢f A550c'itition-##tès:
The exclusively clMritsbk"tiiiixtj for".+th the Coftyany is estsblished ar&.""
(i). To promo.te for" the benefit of the. 8eneta] public athd iin puticutar )DUD8 PUSOALS p¢rsgD5 sufvink., from,
dis8blemeiif,'facilitie5 iri colltiection wÉth èwiaj rianow bo8ts Inch& iiistruclkon in be•n#& navigatioo, th¢ hLStory and..
technology of tlie inland wa¢erways,"n8wrnl hiM¢)ry and indtrial d¢velopmL h¢ilitie$ shall be iti thc intuests of:
social welhr¢" (WAth the"'objxt of wiiirowng the condilionsof liftior.the pu¥otts forwhom the same"isprovid¢di.:
(.2) Thè gaieftal iip)sts of the chatiiBbk ljodies orfor pwpos¢"s as sbjll be ¢x¢htsivety¢korithi+k.
The TStee£l]ave',[eId 3Dd
.iQND(lN,NjR_OlY.oO.rPRQjwGT£RXD NUhfBER:'(1171858Z)..
.tfr the't•r. Elld¢d31 tstEMBER 2072
Ch•ntble.atti'?Itie$
.202"2'"was ouv.41st,.yt¥rf.of"fft'liOtt ani.the pTOject¥".j1.ty.,1¥ •".trtht¢,io tik-.fmgina_i lé#.1t..h".t1je 1... to
%t#rt,the"proJect.kf",.¢li¢ siewardsbty'.".offvkn-y."w6sèquen.'t cokn'".wkn"ba.E stttrèa.diEP.r()j¢stTrhIo.y .cbBIi.èDg"es
The" Proje
INDON.NAl1Row BOAT PIiOJECT EP(IRT OF Th£ TRUST . .for ih¢.Yt4r £nded 31 DECEMBER 21122 FThAi¥CW REvW. Based ¢)Ji our es4blislMf aeeovntyg policies expeth.mre ¢x¢e¢4Jed' by'£l'"02712021.. £1.856},:8fter .allocaiin& Tho b91e yll unrestited funds as at th¢ >raretsted 31 De¢¢mbu2022 ts £154..i26 [2021.. £i55.153)., Fol]owing'.a.'Tn¥¢'.r¢vi¢w"of valuaiion.'in 2022.. our bts hve 'com1r to'.be lah0 at £20.000.,eaeh. '"Ewnè: replacenwits th s¢ldled ID 2023.81 furthe¥ comsidentim" be"8iven to ttie bolt W.170.1$. The rising interest rates in 2023 is a cc#x¢ern for aU"busirie55ès'¥od.cTrAn"ry or8ain.sat. kn addrtw.ess4itial of riblltiin8 the boats formcoriDg8'li¢¢ffjsé fe¢s" aNI fiKI will all be effe¢te41 by. W.]nAatiL Th¢ tr$1¢¢$ are rDmdfvl that'ststTi¢ieTit rescrves must bc:"inadé.tOliD#t tiny iiDexiit£ted costs..Our balance brnu8ht fonvhrd is in'¢r&iit and together with tiiir Re5èrye Policy, li ¢DabléJ ils w ensure th¢ fin¢181 stsbilityofthe, Project.. At.31 Decenther2022 the valuè iield iii r¢5¢Ms ivas £154.126 (2021: £155.153). We wiuld like to upress thir,.vèry ith¢ére thiks w ow the marty Clwitabk Tnts15 who by4heir 8enerOus support make possibl¢ thé work of the'Projé¢i in.¢ontuNing..its aims to etsthlt partiujlarly w and disadvaoth8ed 'people io a¢lll'tYe ikir ainbiti0DS,"érJjoynnt of thè epnals arA pmJwJiinB.5elf4evelopmMt. . Wé are espécially èX¢rémely"8rakful"io Th¢ Patrlck & H¢luth.Frost FoTuthtsoo.for theif contlth."pp Trir geTher0 d(iDRlionw'the" siuii of £7JOO ¢oYrthtW to help the PTOjrtL 'The' gèneraj fund5 are speni at tlie d&5creti"on of the inee$ t fi¢T.1C ¢harity$ purywJThe trusk¢s b¢liev¢ the. kv¢l .of general filnds held is Bdequa* if) ¢over opu7tions for the fiJrc5ceabk htwe. The TnJsLe¢s'haYe'su48ined'their re5eryt5 policy of prcscrving Project".FuThis.' The BuThary Fund providès fmaijcial 'Wi5ia))¢e for tIse less. forttute tho may othcrwisc be exclu1 from group fyctivJti¢s aiid is funded, froin the embership Subscnptlo¥ Donlltio and Bank IDtcrt5t."i)iith effect frgm'2017' it agreed th#1 the sum of £20. 11 ]so be traThsfeTred.'frorn cach bire charge lo the BursaryFuThJ ¢0 kniild up the bala¢. Thi5 is I(1 iha"i aiiy xequesis .for FinaDcial A8sisiance will be fidly mei:"This trartsfer can be weived ID atiy givcii ycar ihai the BwtsryFiu)d is thought to be sufficient. The Boat FuTKls arc designaied monies Set a5ide.to inccl &xceptional Diajor expdItie as gIne r¢placeni¢ni. The 'Proje¢i Contlngcncy.FuJ represeI5'mOniCs givcn'to the Prnject to emblè li io ¢oUtini ils should ih¢r¢ b¢ $hortfall of income ID any year. These fijnds arc invethed by tht Trusi¢¢s and the in¢ODiè derived crediied lo.the Bursary Fund. No Invcthes were made in the pujod duc io the very poor iuierem rai¢s availab] This policy ewes ihat th¢ knje¢¢ is b.ased on 8 sound fuClaI fwing Ind tnables it io build for th¢ fvtur¢ and make available facilities lor yo.un8 pwIE"aDd ColluThuuty Boaiin'g. Page 4
LONDON i4ARROW BOAT PRI)JECT (RECISTERED ryUMBER: 02718582) REPORTOFTHE TRusfEES for the Year Ended 31 DZCEMBER 2021 "A5 ? lèading lrty b1 orgaDiStiiion. the Tn)tt$ c¢)ntinu?lty exaJlli Ydys to fwilber deve)oÈ thr'staoding of the Projeci and txpatyJpbb]ie awareness of the ranse offacilities ttfits can offer to not'op!y"!o YoUng.'p1Ee bui other deseivirt8 rnember5 of the Commty. Our 2tten&rte"and t¢cognitsO 85 the tlwity of the Crick Boot SW ha$ 8readyAssisted An fiutlriD8 the slattding of the pr(iie¢i within tht'inland v4t¢rY$i)lIllg commwty aod has worked wrll'.in in¢ffasing public awaTe1 of (w activilies. We bttve agaiti been 45ked to be the. nominated arity Par¢Der at the 2023 Cri¢kBoat"Showand skippu the trip boats. Strin8eDt Risk'Assessmeots and"adIr¢ to Boai Safety Re8ytstioms piw rhabk s¢ryiciog.wduE¢•.'gii)d reliable Prod¢ and ore tt8ularly reviewe"d. We rely heavity on the prof¢ssiooalin"of ow Skippu5 aDd their intel81031 pith Cliéiiis. This ri)k of ?rojKI Skippe withill th¢ chty AS ¢traI to the'suc¢ess of 4)ur Ope1 as they are the fa¢e of the LNBP. Th¢ presen¢e on a gular basis of our B(Mts the with clients obvirqLdy enjoying tIDelveS is Ihe bert fonii of advffjisitiE of our We coniitiue tr ery)loy a Marke¢ing CoDsulthth th has Operd"the p0SbillieS of ¢xp]witig new avenues witbirt 4) pol¢ot] ¢lienl¢.. Our aini is to extend the range of qualifying GrouFi& re-kindle our.asso¢ition with xhty)]s and otlKr ¢du¢aiioDal es&blishTn¢nts arid e5tsbJish a rapyort with Groups til the BTrunsioD area. This will also auevisle 'the th'stances traveugd by GTOUPS WdniiDg slK)ri-tenn bookiDg PErioJs. This. with flexibility with resP¢Ct to start days aThl period5 of hir¢ will 1r prospec more attracuv¢. opèwatlonal roles (Exècutive) from Stra7C dItECtio conyliance and overs&8bt roles (inJs¢e¢5J in der to imJSrc¢ve the '8ffe¢tiv¢ govelnw1 of th¢ woj¢a. COVID-19 {Coronivlrths) Whilst covid 19 J¢strictions have beeD lifted. the project is rnindful of th¢ maintainiDg 8 1[raorn¢t to b?th staff aml customers alike. The projKI will conlinue t(IlJe of lat¢5¢ gov¢rnm¢ni 8uide]Jn¢s. STRUCTURE GOVERNANCE AND MANAGEMENT GovernAng document 'The charitable company is o ¢ompany liniited by"guaraDie¢ and has n(1 sbare Pi&L In th¢ eveffl of the ¢haJiry 'being woynd up, the liabRlJty in w of the 8uaTrntee is limiled ¢0 £1 pew of the ¢harity. To fvrther ettsur¢ the ¢]Jarity pJe¢ts its fijjl obligations the Tn rneet in JaJ)uary w review their person81 and governance responsibiliiies and thai the m8naReDieitt of the bus1rS of LDndon Narrow Boai Project Opera i accordance with the requirements of the Chariiies Conynis5ioD ond Conwi¢s How r¢8ulaiioD& The TnLSt¢¢s will ¢onlinue io ievithv all policies aod plan5 for the ¢nsumg )w. The charity is 8overned by and Articles of Association dated 29 May 1992 and 8meDded by special resolutions on 17 June 1995. 20 NoYthnbEr 2¢J)6, 30 June 21. 6 July 2013 and 13 October 2020. DurinR 2018, the Projed ha$ IncoOrated the Genernl Dath Prneciion Regulations. intyodutxd by the governmeni to t1r¢ thai anyDath h¢ld by o¥gaDisaiions 1$ accurdte 8ThJ used for the rofftci purposes by thai or8atLiS8tion. The Project requires the express tonsenl of the owners of thai Infornuon for thai data to be stored by use and aIso ltI]neS the methods by wbich the Projeci is allowéd to contsci these aLso by¢1 of the New Trnstees recruilllient, Inductknn Dd Afiér an invithtlQD lo tsk¢ a Tole OD our EXuL1ve, th¢ prO4liv¢ Trustee uftdertkn a specific role as set by job description ind is given guidance ond rraTning. At the end of a minirnum penod of six months. the member is eligible for assessment and if the required profftieDCy level hLsbe¢D aitained. the Drnber ¢an be considered for recomtnendation as Tntste¢. Such appoinlmeni is ratified by th¢ MCMknh 81 th¢ knu81 General Meeting. Th¢ chariry is org8nised so thai the bottrd of trSlee$ ve for decisiotL4 to b¢ made. In 2022 Ad hoc ¢xpendilure was auihorised by L2szlo Roszpopa, th¢ ehariiys irea5wer and counteTsigTd by a Trnyee. The board wroves all major expenditure. Page 5
LO:YDON NARROIV BOAT PROJECT REPORTOFTHETrUSTEES Igr Ibr YrtrEndtd 31 DECEMBER 20 bltmbrnhlp Tli< 82 m¢mbtf5 •131 fjttefflbtt 2022 {2021.. 76J: ¢•th mtth is libl¢ in the evcm ofKheiodu¥ up of th¢ for • of£i eAt]L srA TEMEP4T OFTRusfEES' R£SPONSJBILrnES Th¢ thLsiets arr th¢ lif$ Of Bom Troiect for thc p2q>osH of nanY I) ar¢ r¢spoKEiblt far pftparin8 the Ryrt ofthe Tn¥r¢g5 4Dd the firwxial ststYnts ID aCrdn¢t ipplitabte l•w and UDil¢d KinKdom Attow)ti Stsnd•rds IUMid KiD8dom Genalty Accepted AcriwJwPRaic¢). comnY law rtquiyts th¢ pTrte finK•a7 witmCnL% for ¢•th fin•11 y¢ar1¢h gi atsue ana fair view ofihc of4ff4its of the thavi4blE and of tht ihtorrlng resourtts •nd aFvlicotion of rcsouic4 irKludin8 tiusiees rc4¥ired stltcl sui¥ble Fdicios •nd theoapplythrth ¢oty¥t¢Dtty' obs¢rve tht mtthtsth atsd principlu inthe CTh¥irySORP: . m&¢ jud£emcnts and thai arc re¥onabk - prw the fin¢•al ll•lemehts r4JowD lsis wk5S li 15 prtllE lht th¢ ¢hariubAe ¢ompu¢y 11 conliou¢ in busift. The mLste# &rt ttsponsibk for k¢cpTn4 prvptr •rrwiin¢ e0rd$ wknicth di0$¢ wth leb]ca(CN¢Y ai any lime th¢ fyw¢i•J p05i4ioo ofthe £hafitsbl¢ ¢•nyaThy athl w &ubl¢ tnswe that thr 6fftanei•l slaiertrI5 wly the C4)VUC5 Aci 2th)6. Thry rwibl¢ for5•k8wthBthe ofthe chllritsble hcnce for lo so far8$ th¢ lrwtes art ¥wd ther¢ is no T¢l¢vant •udii inf•m#iion ofTthich tht Ch•rik ¢oryprf5 di101$ ¥illia. ar the InJSlr¢s have tskcA all sitps thai OU ts haK kk¢# to thwlKs aTh7r¢ of Iny rcleTnhl udit informaiityb and th ¢5ublish the Judiiwsmr avATrath# inf0fftsKfi. AiIDITORS The auth"wr$. FKCA Limbk4 wiu bt prppos¢d f•rrwpiDIDxaiAI the Alth1 G¢n¢rnl Mtetiy. IILIS rewt llns bten prqw¢41 io with the Sp) pwvisions ofpart JS ofthe ConyAi¢ 2WJ6 ¥tl41ing sftthll compani¢& Approved by ord¢r of the bowd tsf 29 S¢p¢¢rnbEr202J *ndsiyed M ILS bthalf ty. Mr M C Wihoo-TnJ4¢¢ Pagc 6
REPORT OF THE INDEPENDENT AUDITORS TO ThE TRUSTEES OF LKINDON f4ARROW BOAT PROJF Oplnlo We have audiied the fwwKial $emeD of London Naffow BO Pmieu (th¢ thrttable for th¢ yur ended 31 December 2022 tch comprise the of Finaneial Activiti¢S. the Ba]8n¢¢ She¢1 and Dotes to the frn&ncial t¢ments. includiog 8 summary of significaw acco18 policies. The fMwKial reportll)g framework th?¢ been applied in their preparation is applicable Jaw and Uttited KinÈdom Ac¢(Mthtitig Standards (United Kin8dom Getterally Aecepted A¢¢ounting Prn¢tK¢). In ow opin¥)n thB finallc1 5trtCTDen. ive • true and fair vi¢w of the stale of the clwitabk affairs as ai 31 Dnber 2022 and of its iticothinB . bave been properly prepored in accordw with Unit¢d Kiogdom Gen¢raUy Awled Awunti08 PRaict' attd We COndted ow iudxt iti accord•)ce with InteTh81iLMd StaDdar& on Alts8 (UK) USAS (UK)) and #pplieable law. Our respoLsibilLtie$ under those stsDdards 8re fither described ?n th¢ Audiiors. respon111t1e5 for the audit of the financial s¥i¢m¢nts section of our repoTL We are iDdependeni of the charitable company in aceoydanee with the ethtcal requirements tbat are releydnt to our audii fJnaDcial ststemenLS in the UK, jIng th¢ FRC¥ Ethi¢ai Standard. and we have fvlfille44 our oth¢r ethical ponsIbIliti¢$ iry 0rdary th¢5¢ requiremen We believe th¢ adi1 ¢Vide K hv¢ obtsin•l is suffi¢ient and appropri w pmvid¢ a basis fox our opinK lo audiiing the financial sthtements. we have conchded thai the trt¢S use of the 8tiiD8 cA)¢M basis oficecxJnlin8 B95¢d on the we have rfOrnd, bawe identifd anymatewial m¢rtainlies Telatitig events or condili¢)ns thaL individuauy or ¢tslle¢iively. thy cast sigDifMt doubt on tl ¢lJarifable eon4Mnl5 ability tts Contim #s a 80iD8 concern for • period of at I¢ tThElve montb from when the finattwl wiern¢nts a autborised for is5U Our Tw0nsl iliiies and the wibilities octhe truMees with rtsped goitig C4)n¢¢rn destsibed in the relevant seciions of this report. Oilher infonn40ll The tryetS are responsible fix the othcr iDfonDalion. The other iDfornlllion comprAses the UrfOrntiOTr included in the Annual R¢pJrt. other than the financial 5tstemeots and our Report of the Indeptstht Auditors thereon. Oyr opinion ott the fthancial thiements dots ttot cover the other InforntiOll aTrJ. except to the extent othcrwise eXpliciY$tate in our reporL do not expFe5s any forni of wurance corKIu5ion thereon. In conneclion with our audit of th¢ fjnattial swtemerÈts. ow w¢sponsibi]ity is to Tt4d the 4)ther information attd, in doing 50, ¢onsid¢r ether the other i¥Jfomlltion is rnaierially irKoDsisient with the fuclaI Slaternents or out kmwledge obtaiDed in the audit or otherwise appear5 19 be marially misstated. If idenlify such rnaieiial incon$is(enctes or appareni material misslatemtnts, are ]Yquired io deiermine whether "$ gives iise io a tlla¢¢Tio1 misthierlleni in the fmancial statements themselvek If, b¥ed on the WOTk we ha putsrnjcd. we Conclude tbai there i$ a nJat¢rial missthtemeni of this other inforn1atio we are qUired io reF)rt thai tau. We have Tthing to [crt in this re8aTd. Matt¢rs which we #re required io report by excepilo We have nothing to repon in re5peci tsf the followiD8 malia5 th the Charities (Accou5 and Reports) Regulaiion5 2008 require5 us to report io you if, in our opinion: lh¢ infom)aiion given in the Report of the Trttstees is IOnI]l in w m8i¢rio1 respeth with the financial statemrnts. or th¢ djaTIble Company has Th)1 kept adequ•te ac¢ouniing record%. or the fit)amcial $taierneni$ are lloi in agreetDent with the aceouming T¢rdS and retyms. or t have noi received all the infomjaiion aAd explanaiions K require foT our *11. Pa8e 7
R£PORT.OF THE INDEPEYDENT AUDITORS TO niE..TRusfE%S.OF
LONDthi' NARROW BOAT PROJECT
R¢sponNThillii¢s ollru51¢ès
As explaimed mote hdly in th¢ Stst¢uM ofTNy¢es' ResFMsibilitie5, 4i%"tru5es (tho e,41$0 Ihc direc15 of ik"
cha"rithble ¢ompany.for Iht purp052s of EonyJny law} responsible tor iht prtpaTruon of ihe"finanu3I )lemEN5 and
for b¢inE Sallstièd that th¢y give a i¢ and fair,vitw. arwl for siich intrnwl ¢i>ntriil as th¢ VU5E¢¢5 ddermiiic i) nettsry
lo ¢nable th¢ pr¢paralion orriTh#eiol s¢Men¢$ thji art rrtt from mat¢iial inisstatenttt. +¢th¢r due to fr•ud OT ¢ffor.
Iti pr¢pwin8 the lirkYKi•1.#arn¢D the are.re5&wsibk.fu"assessinÉ.Ih¢ Charl¢ compathys ibility to
conlin a5 a 8oing coocenL disclosinB. x.applitabl< rnattèrs re1¢d, 8oin& corKern.•1 usiiig tlie.8oing 'cthiceffl
b15is of?¢rouwiug uttkss thc Irbtsex tiihct int¢nd to liquid¢ th¢ ¢h•ritabl¢ co4)jy w lo c¢)sc~opcralivr¢s. or 'hai'c
tw fcalisiie liemative IAii to
IoF.thr.YttrE•ded3i.DIC£MBEa¢oi¥. e_harifpi>le&sll.vl'tlÈ. Ixritible xttivitie5 dvtrtisingk.eWRtstscouisès aO&hW. ..G0ven58*5¢01ts .RECOFi.CILL4TION.0S FJJND8 Tiital'fuiidsbrquthi'f ..TOTAL" FUND"S.CARRIED"'FORWAkti The iioies lomi p3n of these fin&i¢ial Sle11)ts Pase 9
IRQv..FjYT'.1iECT 14.1 CbanlAl1è)Vi.t1¢$. "Boat.,lur'&, E.I¥DiTukÈ:o ,CAiAr.itabl¢-.•-¢tsvAtte¥ .AOfreriisitt'È.:' 'T(i¢g1 'riET.(o.ME4EVZIlDJTIlBEJ ,(IA5Oy RECON.CILIATION DFFUM>S' y.otal fimdstrouglitTorivard .t55'1'5.3. The noie5 forn] pari of tr¢sefmancial stsm¢n Pa8e 10
LO%DOli NARROW IIQATPB0CT, . BAIAf4CE SHEET 31 DECEfviBER 1022 2Q22 Tothl fiinds 2021 IXED A&S£1 T4n8ible 40.830 40?2$ CURREMT ASSETS DeT$ Cash $1 baftk 102,17Z 26.'411 122.67(1, J.43.J43 CKEDITOSLS Amounts f411in8 dut thIft ott¢ {9.374) 1282.151 NETCURREiif ASSETS 113296 TOTAL ASStTS LLSS CURREh? UABILITIES 154.126 155,1SJ NET ASSETS 155,153.. 154.126 155,153 TOTAL FUNDS 154.126 155.153. "Tbe cbwithblr roinplty is til ¢XallPlbOiI fm" ludit uttdcr St¢tioa" 477 4)f th¢ CwDpl A¢1 2(#)6 fo-r thc .>r4r" ¢nd¢d 31 Ikecmbe¥2022. Tbc nmbers have Twji tkpDsid nwitt. l¥ji 476 orthé.co.mF•n Aci 2006 Y¢quirmzAll •vdii of th¢se Tbe tsusttts athiowle44ge theirfespJnwbiliu¢s f¢1 that th¢ tharitsblc cornpariy kegps rtrryd5 thai c(rtr4>ly Sc¢Do 3S6 4Dd 387.of th"c Cowies Au 1006 and preparin8 fjaao¢ial stsicmtllLS 7AILicts SI a vuc f•iJ vi¢w ofthE stsie Draffai of the thatitsblrctsfftplly as ai the end of¢a¢b fi1le111 year ol its guplus OT defi¢ii for fiMTrcidl yc4r in 0rd•nE¢.W7th th" reqwicrDents of Suuons 394 and 395 Ind which olbenvi5e CThTylyyith the rtqttirtnths of th¢ Cooyoits Aci 2006 latED£ fifjaDcial sutttntnts. w fr ¥ Ippliuble Irtr the th¢&ble¢0p)Thy. Th¢K financial 5taicnKnts btem prtputd in •CCOTduKc Miiii thc pro$105 ipplic&blc to thlble conwi¢$ subj¢ci ts thE srn4lt corwies r¢pnx. 'Thc fsnancial s¢a¢cmcnts wcrc approd by thc Board of TntsTrts *nd Awborisrd for iswe on 29 Srptwb¢"r 2023 and Mr M C wiln. Tru5tcc The no9 forni p•rt oftht5¢ f111 stulenxn P•geJl
LONDON NARROW BQAT PROJECT. NOTES TO. FINANCIAL.ATEMS for th YtAr Ettdtd 31 DECEMBER 2022 "AtCOUNTn¥6 FOLIC1I3 .Tr fancial s&temeDts of the clwitable company. Thieh is a public bepefji ¢ntity U[er FRS i02.'baY¢ .beèn". prepared in a¢cordan¢e.with".the Chlrilies SORP IFRS.10?)'A¢¢ouarLng and Reponitig by Cbalitses: .Staiement. of Recon]mNOed Prdctik opplicabie to ¢lthrities preparing their accounts in acCOrde with,the Fi01a! R¢portin8.' Swdard applicable in"rlie.UK and RejbliCOf Irelsnd" {FRS 102) (effeciiv¢'. i .January' ,2019)'. Fin8acial.Repo.rtitig Siand8rd""102 Tr FinarKjal Jwornn"B Swidard opplicablt.iri the,UK.. •nd R¢publi¢ of.. ITelarid', aTrJ'the Compaw .Aci 20Ckfj. The finaneigi ve be prepared tsndèr the hiriCal rS[, ThE PTueDtstioii c¢llcY of thé fM¥nc"ial slatanuts is thé Poa Sterling (£). .The trusi¢¢s lder"that th¢Ye Bff oo motuial 8boui th¢'Chuithble Couynys ability 10 ¢Olitinue.' •5 A going n¢t In¢ome. All income is rtcoxnised in the.slement of Finan¢ial Actities l¢¢ the claty has ¢tttitlem¢llt to.th¢ it is probable that th¢ iDC(JU will be rxeived tind the amount can be mewred" reliably. .The following policits aleappli topartiAlar categ1¢$ of jfKA)., t)ODati ttsohllt rKeived bY.Y of lio09¢$ ts inclthied iti"fiill in lh¢ oiFwarKMI A¢tivsises Ithnrèteivabit. Lesacies are included wheD thE anwjwits can lie rea50mblyquaniified and'ilK cbaTiry ills ccrtaiptyof re¢eipi. Ciwithbie aciivxii "oine xs slatèd afier tsadè 1houl1 irthèr" sales ai¥t Jiet of VAT. ExréTidliiire Liabiliii¢s,are recii£nised'as expetsjiturè *s"swi as.tsè" is a legal or.cotistsiictsve obl1110n ¢omi)i]ttin8 the haTlty io tha( ¢xp¢ndiwr¢. li 15 probabl¢ thai a trafer of econonii¢ benefits will be rn4uired in settlemerii and ie amouDi of the obligaiion ran be Measu reliably. Expeoditilre is accounted for on an accruals basis and has bcen c1$tfied under headings that 6ggregaie.all cost relaied io thc tategory."Where costs canoot be duectly attributed 19 particular headings they have been alkcated to aciiviiits OD a basis consisteDt with the use of fesouT¢¢5. Ch•ritgbl¢ A¢tivities 'Costs of chariiabk aciiviiies iticlude costs of w)ng the )wrow boais for the ¥se of deprived. p1211y. disabled and disadvaniaged ehilthen atsd Ttl&ted SUPPOTt costs. G)vtrManet costs TAngibl¢ rued 15seis TonBib!e red asseis held for the COMpS own use are" statrd at cosi less accunluiatrd depreci41ion and accumulaitd impainnent10sse5. Deprtciaiion is provided ai li followin8 rtles in"OTder io i¥riie off each wei over its'tslimaied usefu! life. Cornpuler equipmeni . 30% on reducing balance Pa8e 12 coniinued...
Jor tlitTur.E.ilo.>l P.ECEMBEIi:M22: A£CQ.VJNTIN.G PO.UCW."."sw.itlttu¢il T,b##lbl¢.fued assel the;"Darn)wbèats.ate Slattd".at rcvalued.aDwÈ less ac£urnuIai de. latt1 aod.jmpa."iinxn!"w. I'liey".. are reved tin a T¢kuiar.'.bs5i5."and. 5wp-liis.or."i4efi¢ii-is'"tratsietraio'tbe'.i>oa!.fynd th'¢ thteinerit of" fitthnèial actjVAties...Th"tinarroOats ate.'_rfgblarly.thaintaifi¢&l. iof.ndard4thrè aDy"dÈi>"reciatitMI'aiisiitg frgn.t.i16è... ot. ebOaTtIl1d be. cotsKkrtd"iie TTriè charity is eY"¢inpt".frory ..110.t.9ts its F.knvi(4Weic.tiWS. ".Msjéd iii NatEowb99...Tbe desJ#tt#t¢4 fiiDds weleia hffih¢ foJknwiDgyvposU"., Boai-F.und': lo providc fund5"ftr.capira]""b(At txpdithrè 'Mijtir,B"iXt MalnknallF"'. provide.fth for si8nikn¢ fyir or tijaitstefj otboab oij.illi8ellcySimd'. io provide.onds for fi"DaDcia15hortfal"Is.'ioder to.ininiafiii'.tht".G1-.$, aims.4nd"tibittiiv ."biin8t¢d-'gooa$,and'setvi¢eJ statemenls. i4gi ititusffjf ibe ehTrity' 'Tbe-chantabie Com&y.15 a company"'limittii.iiy" 8iiaranie¢ aii&thas" i)rys6•te". Calia1. hi the ¢ven1'p! .¢hality b¢fftn8.wound tip.. til¢ liabili.ty In"resp¢¢t ofthe b*i"IranteC 15 iirri-ilèd io'£l per..nKrrilièr' or"thc.chJty. .ll¥VLsfMENT INCOME. "2021 Depos. it aceoiint iiiteTe INCOMEI(EXPENDITURE) Nei incom&(¢xpendiwr¢) is 51aied after Chargi))(credi!lg).' 2022 AudLiors remuiier•iion Audiiors, remurrtrniion-tor nDn awlii wDrk Dep]110- owned asse Deficii Ojb disposal of.fiied'asseis' 128 45. Pa8e 13 continued...
uSfEES'"'REMiUYEIWTID.ry"'8.LLBFlEErts.. ¢ti.,l Trc¢rnb¢E£oYi .EPBECIATIOW. .A"t.'l.'january?-02"2-. '.charse&for Al4:1 UecemberJ0>2 ET.BO.OI£.,VAiiiE ,Al i.i.DecemlreTr2022.'. t 31 Dtc¢rniJ.#.203j. è'ihtrdèbtb Page 14 niinued...
LO10N NARROW BOAT rRQJÉ. for the Yè*tr.Ended 3_IJIECÈhLBER.29.22 Tride ¢r¢thtors .40,TrXI Flind .Fixed.&%sets cUent 85s¢ts 'Curr¢nt li8bili¢i¢5 122.670,. (9,-374j 143.143 (28..215) (9J74) 155.153 MOVEMENT, FuNbs Nel 31.12.22 Unrestrle¢td funijs 1,567 13,495 40.oc 11.629 26.058 62.944 Boat Funds, Major Boat Mainienaiice F¥nd Coni!ngeix¢y Futid Incom¢ Fund 26.058 (2,594) 155.153 (1.027) ,154'126 TOTAL. FiJP4DS 155,153 (1,027) 134.126 Page 15 continued...
,'NQTES Yo THE ST.ATEhtsNIS.: .T•r I..tT.£jed..II.DÈcEmB-ER"2b2Z f43-6935 -Li oy7.1 TD.T.AL.FIIND3 (45%93.). ebpr•rfv.esJor.1&Vé1urt¢ ih!ottd$ Net }jAI.21 '.Unre5trittwi fit115. Boat Full, '.Major Boat'"Maiii!eziaKe.Fimd ,"¢onti]i8ericy'Funa "bi¢o.ii Fla .(1:856) !J,856j 15S..153 TOTAL.FVNDS .155.153 "Comp3raiiv¢.rKnxJv¢mts)i in tund&'in¢(tsded.in the aknvtare"&% follows".. 'wesour¢ts .Unrestrleted fund¥ Bursary Fund Incomc Fuod 1,489 33.449 (36.794) 13.345) (36.794) 1.856) TOT FUNDS ,(36,794) (1'.8_5fj) Page 16 Coniinued...
LONDONYARRSIW:.BOA.T.P:B.OIECT MQMEMENT W.EIiND>..._ '.Bi)at.'Fund J"54.i261 A".£wrfftn(JroB I24on•I.FrIoF'yetr nK>nt6s ¢gMbintsa..'ffi¢fr.qnbVQtt In ffiinds"":4iK]ud&d."itri. Abbyè . ".¥.lollo*8-.; 'U"nr¢5tri¢t¢d iiwbs. (I2.'4871 (s...39) ' 82,487). [2,883,), '.TO"TAL,Fi3r.4pF. (&2,487)" 12:883J RELATED P.ARTWDISeLDS.U.RES Tre were iio rela1..patIY. irni%aCtiOs £(ir ih¢" >rar.¢Dded 11 Ikceniber'2"022.j2b21. Ni!). 11: 'ULTIMATE COThTBOLLINC PART¥ The charity is controlled by"the.memb¢tsof tli¢ ¢harity. Page 17