Sthniiory"AudilOT .260- 270 Butterf*i¢i G"rt4t..MaTlin8s 1111 *ACGXYT41* 24111r2￿3 COMPANIES HOUSE .-•It￿"v[GR# .30109r2023 IPANIES HOLISE A12 #173 A23 IYAle&-to.IE*711ianeiAIShtemt•ts. -.P.Page M.C'Wil.tol "'M$:J'Willi8m i,fobin (appiiiteass-.5..:Jy .'SiaNtoJy..A•ditor. 265i..171¥ffj¥i*rfieid. Gieai Mlrlings. LV2-81YL '.Bar¢iays Bank "2 Marker squ.are I£A8h10n Bii7wd Bedfords Page I LONDCii4 NAIIROW BOAT PROJE￿ {REGISTFJiED NUMBER: O2718S82) RIPQRT.OF TRETRVSTEES for th¢ Y¢ar.£aded Ji DECEMBER2•12' The tsiiste-es who are 2150 dIreC￿r$ of the for the pu￿05¢5 of tbe Comp*Dies Aci 2006. sJres¢nt.their report wilb" tlie fiDaDci&I ststemenls of the dwity for the )rar ¢ntsJ"31"Decen*u 2022.'Th¢ t￿￿eeS bav¢ adop*d 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 ind￿trial 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 ii*p)sts of the chatiiBbk ljodies orfor pwpos¢"s as sbjll be ¢x¢htsivety¢korithi+k. The T￿Stee£l]ave',[eId 3Ddat.iiiaiiitenance, iDsurnKe. Canal and.River Tn]st Licence Fees moorin8 cbar8es attd 'boa! rumwig Gosss.. M¢inbershipF¢es provide" llKome for the BytsaryFyrd. The TIiL5tees hav¢.s¢t the" hire fees ai the low¢si possible level ￿ enswc.thai tbe Projttt is tson-wofii making and availabl¢ io zs iiiany yoiio8 atid disadvaniaged people Ds possible atsd"Ihrough the Bufsary Fund provide subsidis¢d or fre¢ liolidays for inth￿d￿31$ orgrow whefe" need is idenitfièd. The cont]m￿d ¢hall¢iJ8¢ thai fat¢s many voluntsry groups is t￿ ye¢rI]ithK￿ of vohm*er sthff ￿_mamB¢ the day ¢0 ilay runnw of the organKaiio A 5. 10.yearplan Cottiimies io be deve]05*d and refi￿1 by the truste¢s. Pag¢ 2 .iQND(lN,Nj￿R_OlY.oO￿.rPRQj￿wG￿T£RXD NUhfBER:'(1171858Z).. .tf*r the'*t•r. Elld¢d31 tstEMBER 2072 Ch•nt*ble.atti'?Itie$ .202"2'"was ouv.41st,.yt¥rf.of"fft'liOtt ani.the pTOject¥".j￿1.ty.,1¥ •".trtht¢,io tik-.fmgina_i lé#￿.1￿t..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"TÉjoined'iTic"ProJcet as *'tniske and Tri￿ given fresh. 'imPdu$ i(p.fimdTaisin8 xtiiiitie& (JUT, Exe£uiive {7￿)1￿ i￿"l￿des.ffj1OY PmjKI.Sbppers." atid 0￿￿1¢è& sb¢ Pm-Jecl¥ A'F"tiWliesj,ii'av.e..mei:via"th_¢ Zg0.'iiJ . plaiforni Ywilarly. lo" di%Afss'id&s""an'd £¢nrfJ?Il"y k-eèp""the P.ioJttt mo?ivai.ea. Thiè io-thè.'wrydè'Bèogrnphrfal Th%prea.d .of -' __ member:'location%...it bè¢r# dttmed effedive"8o6."éifKiEnt'.Ici"contittue to h61d'Ex"éciitsv¢.'meetiziÈs via:'tli_¢ .'Ziiom' plaifornL Tfijstee ineeiitigs also ￿)ntinUe￿i$.￿è viA.Zoom"witii th¢"uiJ&rsithing.th*.jfa"¢è.jo."iw-. iyill rgawsed..if and when Ile¢m￿ esseniial. Th¢,trihThiWatefivay& System iir(?vidès artFJDwuailed opp0rtw￿ty to le8m4t*Xi-the:'Iny*fw-T¢Jle th.e tthi81s'Filayed in, the'early"pall.Otthe industria! rnoluti￿ a!>o"ut"gèogrdphy. nawre. caiial!Jistory aridhénts8¢ of this.eounty. Wè >re ¢onfi0￿1t that LWBP. is *ie"Il placea..(o c(MifftMié ils. iiiwion. of ."iDtroducttis."iieiyl¢ 8 aad iabove.. iu the tnjowik..nt Of'&e"canal eXpene￿< &5 thin"8$"￿[0£re$si.￿IY wivn.lo riori)wl."Mi Ibe posilovid er4. Pa8e 3 I￿NDON.NAl1Row BOAT PIiOJECT EP(IRT OF Th£ TRUST￿ . .for ih¢.Yt4r £nded 31 DECEMBER 21122 FThAi¥CW REv￿W. Based ¢)Ji our es4blislMf aeeovntyg policies expeth.mre ¢x¢e¢4Jed' ￿ by'£l'"02712021.. £1.856},:8fter .allocaiin& Tho b91*￿e yll unrestited funds as at th¢ >raretsted 31 De¢¢mbu2022 ts £154..i26 [2021.. £i55.153)., Fol]owing'.a.'Tn¥*¢'.r¢vi¢w"of valuaiion.'in 2022.. our b￿ts hve 'com1r￿￿ to'.be lah￿0 at £20.000.,eaeh. '"Ewnè: replacenwits th s¢l￿d￿led ID 2023.8￿1 furthe¥ comsidentim" be"8iven to ttie bolt W￿.170.1￿$. 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.]nAati￿L 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 th*iks 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,"érJjoyn￿nt 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 in￿ee$ t* fi￿¢T.1￿C ¢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 tI￿se less. forttu￿te 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 exp￿dIti￿e as ￿gIne r¢placeni¢ni. The 'Proje¢i Contlngcncy.FuJ￿ represe￿I5'mOniCs givcn'to the Prnject to emblè li io ¢oUtini￿ ils should ih¢r¢ b¢ $hortfall of income ID any year. These fijnds arc invethed by tht Trusi¢¢s and the in¢ODiè derived crediied lo.the Bursary Fund. No Invcthe￿s were made in the pujod duc io the very poor iuierem rai¢s availab] This policy ewes ihat th¢ knje¢¢ is b.ased on 8 sound fu￿ClaI fwing Ind tnables it io build for th¢ fvtur¢ and make available facilities lor yo.un8 pwIE"aDd ColluThuuty Boaiin'g. Page 4 LONDON i4ARROW BOAT PRI)JECT (RECISTERED ryUMBER: 02718582) REPORTOFTHE TRusfEES for the Year Ended 31 DZCEMBER 2021 "A5 ? lèading ￿l￿r￿￿ty b￿1 orgaDiStiiion. the Tn)￿tt$ c¢)ntinu?lty exaJlli￿ Ydys to fwilber deve)oÈ thr'staoding of the Projeci and txpatyJpbb]ie awareness of the ranse offacilities t￿tfits can offer to not'op!y"!o YoUng.'p￿￿1Ee bui other deseivirt8 rnember5 of the Comm￿ty. Our 2tten&rte"and t¢cognitsO￿ 85 the tlwity of the Crick Boot S￿W ha$ 8readyAssisted An fiutl*riD8 the slattding of the pr(iie¢i within tht'inland v4t¢r￿￿Y$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"adI￿r￿¢ to Boai Safety Re8ytstioms piw rhabk s¢ryiciog.wduE¢•.'gii)d reliable Prod￿¢ and ore tt8ularly reviewe"d. We rely heavity on the prof¢ssiooali*n"of ow Skippu5 aDd their intel8￿1031 pith Cliéiiis. This ri)k of ?rojKI Skippe withill th¢ ch￿ty AS ¢￿traI to the'suc¢ess of 4)ur Ope￿1￿ 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 tI*D￿elveS is Ihe bert fonii of advffjisitiE of our We coniitiue tr* ery)loy a Marke¢ing CoDsulthth th has Oper￿d"the p0S￿billi￿eS of ¢xp]witig new avenues witbirt 4) pol¢ot]￿ ¢lien*l¢.. Our aini is to extend the range of qualifying GrouFi& re-kindle our.asso¢i*tion 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 Stra￿7C 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 bus1r￿S 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$ Inco￿Orated the Genernl Dath Prneciion Regulations. intyodutxd by the governmeni to t￿￿1r¢ 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 Inforn￿uon for thai data to be stored by use and aIso l￿tI]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 EX￿uL1ve, th¢ prO4￿liv¢ 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 D￿rnber ¢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 tr￿Slee$ v￿e for decisiotL4 to b¢ made. In 2022 Ad hoc ¢xpendilure was auihorised by L2szlo Roszpopa, th¢ ehariiys irea5wer and counteTsigT*d 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 li*bl¢ in the evcm ofKhe*iodu¥ 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 ￿n￿anY I￿) ar¢ r¢spoKEiblt far pftparin8 the Ryrt ofthe Tn¥r¢g5 4Dd the firwxial sts*tY*nts ID aC￿rd￿n¢t ￿ ipplitabte l•w and UDil¢d KinKdom Attow)ti￿ Stsnd•rds IUMi*d KiD8dom Gen￿alty Accepted AcriwJwPRaic¢). com￿nY law rtquiyts th¢ pTr￿te fin*K•a7 witmCnL% for ¢•th fin￿•11 y¢ar￿1¢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 l*sis wk5S li 15 prt￿llE lht th¢ ¢hariubAe ¢ompu¢y ￿11 conliou¢ in busift￿. The mLste# &rt ttsponsibk for k¢cpTn4 prvptr •rrwiin¢ ￿e0rd$ wknicth di￿0$¢ wth le￿￿￿b]ca(C￿N¢Y ai any lime th¢ fyw¢i•J p05i4ioo ofthe £hafitsbl¢ ¢•nyaThy athl w &ubl¢ tnswe that thr 6fftanei•l slaiertrI5 wly the C4)VUC5 Aci 2th)6. Thry rwibl¢ for5•k8wthBthe ofthe chllritsble hcnce for lo so far8$ th¢ lrwtes art ¥wd ther¢ is no T¢l¢vant •udii inf•m#iion ofT*thich tht Ch•ri￿k ¢oryprf5 ￿di101$ ¥￿illi￿a￿. 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# inf0ffts￿Kfi. AiIDITORS The auth"wr$. FKCA Limbk4 wiu bt prppos¢d f•rrwpiDIDxaiAI the Alth￿1 G¢n¢rnl Mtetiy. IILIS rewt llns bten prqw¢41 io with the Sp￿) pwvisions ofpart JS ofthe Cony*Ai¢ 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 $￿emeD￿ of London Naffow BO￿ Pmieu (th¢ thrttable for th¢ yur ended 31 December 2022 ￿tch comprise the of Finaneial Activiti¢S. the Ba]8n¢¢ She¢1 and Dotes to the frn&ncial t¢ments. includiog 8 summary of significaw acco￿1￿8 policies. The fMwKial reportll)g framework th?¢ been applied in their preparation is applicable Jaw and Uttited KinÈdom Ac¢(Mthtitig Standards (United Kin8dom Getterally Aecepted A¢¢ounting Prn¢tK¢). In ow opin¥)n thB finallc1￿ 5trtCTDen￿. ive • true and fair vi¢w of the stale of the clwitabk affairs as ai 31 D￿nber 2022 and of its iticothinB . bave been properly prepored in accordw with Unit¢d Kiogdom Gen¢raUy Awled Awunti08 PRaict' attd We COnd￿ted ow iudxt iti accord•)ce with InteTh81iLMd StaDdar& on A￿lts8 (UK) USAS (UK)) and #pplieable law. Our respoLsibilLtie$ under those stsDdards 8re fi￿ther described ?n th¢ Audiiors. respon￿￿111t1e5 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, j￿Ing th¢ FRC¥ Ethi¢ai Standard. and we have fvlfille44 our oth¢r ethical ￿ponsIbIliti¢$ iry ￿0rdary￿ th¢5¢ requiremen￿ We believe th¢ a￿di1 ¢Vid￿e 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 tr￿￿t¢S use of the 8tiiD8 cA)￿¢M basis oficecxJnlin8 B95¢d on the ￿ we have ￿rfOrn￿d, bawe identif￿d anymatewial m*¢rtainlies Telatitig ￿ events or condili¢)ns thaL individuauy or ¢tslle¢iively. th*y 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 Tw0ns￿l iliiies and the wibilities octhe truMees with rtsped ￿ goitig C4)n¢¢rn destsibed in the relevant seciions of this report. Oilher infonn4￿0ll The try￿etS are responsible fix the othcr iDfonDalion. The other iDfornlllion comprAses the UrfOrn￿tiOTr 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 Inforn￿tiOll aTrJ. except to the extent othcrwise eXplici￿Y$tate￿ in our reporL do not expFe5s any forni of wurance corKIu5ion thereon. In conneclion with our audit of th¢ fjnattial swtemerÈts. ow w¢sponsibi]ity is to Tt4d the 4)ther information attd, in doing 50, ¢onsid¢r ￿ether the other i¥Jfomlltion is rnaierially irKoDsisient with the fu￿claI Slaternents or out kmwledge obtaiDed in the audit or otherwise appear5 19 be ma*rially misstated. If idenlify such rnaieiial incon$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 T￿thing to [c￿rt 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 (Accou￿5 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 I￿OnI]￿l in w m8i¢rio1 respeth with the financial statemrnts. or th¢ djaTI￿ble 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' ResF*Msibilitie5, 4i%"tru5*es (*tho ￿e,41$0 Ihc direc￿15 of ik" cha"rithble ¢ompany.for Iht purp052s of EonyJny law} responsible tor iht prtpaTruon of ihe"finanu3I ￿)lemEN5 and for b¢inE Sallstièd that th¢y give a i￿¢ and fair,vitw. arwl for siich intrnwl ¢i>ntriil as th¢ VU5E¢¢5 ddermiiic i) netts￿ry lo ¢nable th¢ pr¢paralion orriTh*#eiol s￿￿¢Men¢$ thji art rrtt from mat¢iial inisstaten*ttt. *+¢th¢r due to fr•ud OT ¢ffor. Iti pr¢pwin8 the lirkYKi•1.#a*rn¢D￿ the are.re5&wsibk.fu"assessinÉ.Ih¢ Charl￿￿¢ compathys ibility to conlin￿ a5 a 8oing coocenL disclosinB. x.applitabl< rnattèrs re￿1¢d,￿ 8oin& corKern.•￿1 usiiig tlie.8oing 'cthiceffl b15is of?¢rouwiug uttkss thc Irbts￿ex tiihct int¢nd to liquid￿¢ th¢ ¢h•ritabl¢ co￿4)j￿y w lo c¢)sc~opcralivr¢s. or 'hai'c tw fcalisiie *liemative IAii to S-d￿eth a Itureliol niisSLMeri￿¢ wheii it exisii Mimaiérnents arise fmni fraud i>r cmyr .aDd.aTe cbnsi&rcd ma*riil if, indivtdually or.&n th¢ aw¢.gat¢. th¢y Could ru*￿•blY b¢ upecRd lo inflti¢ncc '￿￿￿ '￿￿n01111¢ décisions (tf i*kuL on the k$is otthese rlhthti￿ >I￿¢￿￿ts. 'The cx*ni lo wbiciL OUT procedyre$ artcapbi¢ ofd¢t¢¢iin8 irywi¥. 111¢S. fTrw]'isd¢uiled below: .Etyuiry of rninag¢m¢ni.'tho""x clw8¢J ivith govtnwKc amwjd aciual we￿1*7 lili8aiiDn athl£laim '.Erw4uiry ofihe boaTd of tsusffts 10 ideMify4ny iD51aKes of DDD4offW.ianre with la￿? •rid rcgulaiLOi Rcvi¢ivtng o(ffle¢nngsof ihosc¢huged with go%tnw.. "'R¢vi¢winB fJridJicial siai¢iixI￿ discloswes al￿ itslin8 10 SIW1n8d￿￿n￿Ltiti to a5ses¥ c￿￿11￿￿¢t with 'appl&cabl¢ La￿ And r¢gulJtlOT￿. Audilin8 Ihc risk 0fmanag￿￿DI ovcrri& of contyol& i￿l￿dI0￿ Ihrou8h i¢siiogiotsrnal epirics and whcr djusimenis for appmwia*ncss. and evalu8knnR th¢ fJiioDJl¢ of siwiificaN tr)Tsaai4)n50utsNk of ihc ¢h3TiIi¢$ i>bjeLlives. A twihcr d¢s¢riptioa of our ￿spOnSibl1111¢g for th¢ awjirof th¢ finaKilll SU￿￿"nI5 is loco*d on tbc FInp￿clo1 liC￿rtIng C¢iun¢il¥ 'w¢b5ite 01 Mi￿¥.[￿.0fg.UkjJ1￿Y1lor5reSVonSIbi1lties. .This l¢s¢ription fonns. part. of ow. R¢pon of the., 'lrtdepertdeni Audi1or& Use •f our ttpo*t This rèporL is,.tbade.solely 10 th¢ ¢hatiiabl¢ Companys ￿sIte￿ as a body.'in arcorth￿C with Part 4 of the Charitie5 "{Ac¢outits and Rtpons) Regul*ions 1008. Our-al￿11¢ work ha$ b¢¢n uniJ¢itsk¢iJ-so that ￿ Dwght swte io lh¢ chariiable. ton1p311￿5 rn￿1¢¢5 ihox m)Irtrs wc ￿t required 10 stste ¢0 them Érl an auditor< repL¥rt and for no other purposè. To the fullést exiétii pemibiied by law. we do noi o¢¢¢pi or ¥sswDc responsibility 10 •r+yonc ￿her rhan the C1￿¢&ble comTr*ny the th¥riiable conip&n)ts irustees as * budy. fw 41ur audit iiwk."for this itport. or for ihe optn*Jns we hai't.forn￿d. FKCA Li￿ted StaTi]tory Auditor Elisible w a¢1 a$ ari aiOiw io Ecrrns of&¢iii)0 1212 ofth¢Conip¥nbCS ACT 2(NM 260 . 270 Grcai Marlings Luio Bcdfordshir¢ LU2 8DL Page 8 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 S￿le11￿)ts Pase 9 I￿￿￿￿RQv..FjY￿T'.1i￿ECT 14.1 CbanlAl*1è)￿Vi.t1¢$. "Boat.,lur'&, E.I¥DiTukÈ:o ,CAiAr.itabl¢-.•-¢tsvAtte¥ .AOfreriisitt'È.:' 'T(i¢g1 'riET.￿(o.ME4￿EVZIlDJTIlBEJ ,(IA5Oy RECON.CILIATION DFFUM>S' y.otal fimdstrouglitTorivard .t55'1'5.3. The noie5 forn] pari of tr¢sefmancial sts*m¢n Pa8e 10 LO%DOli NARROW IIQATPB0￿CT, . BAIAf4CE SHEET 31 DECEfviBER 1022 2Q22 Tothl fiinds 2021 IXED A&S£1 T4n8ible 40.830 40?2$ CURREMT ASSETS De￿￿T$ 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 tkpDsi*d 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 fi1￿le111 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 f*r ¥ Ippliuble Irtr the th￿¢&ble¢0￿p)Thy. Th¢K financial 5taicnKnts btem prtputd in •CCOTduKc Miiii thc pro￿$10￿5 ipplic&blc to th￿l￿ble conwi¢$ subj¢ci ts thE srn4lt corwies r¢pnx. 'Thc fsnancial s¢a¢cmcnts wcrc appro￿d by thc Board of TntsTrts *nd Awborisrd for iswe on 29 Srptwb¢"r 2023 and Mr M C wil￿n. Tru5tcc The no￿9 forni p•rt oftht5¢ f￿￿111 stulenxn P•geJl LONDON NARROW BQAT PROJECT. NOTES TO. FINANCIAL.￿ATEM￿S for th YtAr Ettdtd 31 DECEMBER 2022 "AtCOUNTn¥6 FOLIC1I3 .Tr f￿ancial s&temeDts of the clwitable company. T*hieh 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 acCOrd￿￿e with,the Fi￿￿01a! R¢portin8.' Swdard applicable in"rlie.UK and Rej￿bliC￿Of 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 hi￿riCal r￿S[, ThE PTueDtstioii c￿￿¢llcY of thé fM¥nc"ial slatanuts is thé Po￿a 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.s￿lement of Finan¢ial Acti￿ties l￿¢¢ the cl￿aty 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 categ￿1¢$ 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 1h￿oul1￿ irthèr" sales ai¥t Jiet of VAT. Exr*éTidliiire Liabiliii¢s,are recii£nised'as expetsjiturè *s"swi as.tsè" is a legal or.cotistsiictsve obl1￿110n ¢omi)i]ttin8 the haTlty io tha( ¢xp¢ndiwr¢. li 15 probabl¢ thai a tra￿fer 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￿$tfied under headings that 6ggregaie.all cost relaied io thc tategory."Where costs canoot be duectly attributed 19 particular headings they have been alkcated to aciiviiits OD a basis consisteDt with the use of fesouT¢¢5. Ch•ritgbl¢ A¢tivities 'Costs of chariiabk aciiviiies iticlude costs of w￿)ng the )wrow boais for the ¥se of deprived. p￿1211y. disabled and disadvaniaged ehilthen atsd Ttl&ted SUPPOTt costs. G)vtrManet costs TAngibl¢ rued 15seis TonBib!e r￿ed asseis held for the COMp￿￿S own use are" statrd at cosi less accunluiatrd depreci41ion and accumulaitd impainnent10sse5. Deprtciaiion is provided ai li￿ followin8 rtles in"OTder io i¥riie off each wei over its'tslimaied usefu! life. Cornpuler equipmeni . 30% on reducing balance Pa8e 12 coniinued... Jor tlitTur.E.i￿lo.>l P.ECEMBEIi:M22: A£CQ.VJNTIN.G PO.UCW."."sw.itlttu¢il T,b##lbl¢.fued assel the;"Darn)wbèats.ate Slattd".at rcvalued.aDwÈ less ac£urnuIai￿ de￿￿. latt￿1 aod.jmpa."iinxn!"w. I'liey".. are rev￿￿ed tin a T¢kuiar.'.bs5i5."and*. 5wp-liis.or."i4efi¢ii-is'"tratsietraio'tbe'.i>oa!.fynd ￿ th'¢ thteinerit of" fitthnèial actjVAties...Th"tinarro￿Oats ate.'_rfgblarly.thaintaifi¢&l. iof.**ndard4thrè aDy"dÈi>"reciatitMI'aiisiitg frgn.t.i16è..￿. ot. ebOa￿T￿tIl1d be. cotsKkrtd"iie TTriè charity is eY"¢inpt".frory ￿.￿￿￿.110￿.￿t.9ts its F.knvi(4Weic.tiWS. ".Msjéd iii NatEowb9￿9...Tbe desJ#tt#t¢4 fiiDds weleia hffih¢ foJknwiDgyvposU"., Boai-F.und': lo providc fund5"ftr.capira]""b(At txpdithrè 'Mijtir,B"iXt Malnknall￿F￿"'. ￿ provide.fth for si8nikn¢ fyir or tijaitstefj*￿ otboab oij.illi8ellcySimd'. io provide.*onds for fi"DaDcia15hortfal"Is.'i￿o￿der to.ininiafiii'.tht".G1￿￿-.￿$, aims.4nd"tibittiiv ."biin8t¢d-'gooa$,and'setvi¢eJ statemenls. i4g*i ititusffjf ibe eh*Trity' 'Tbe-chantabie Com￿￿&y.15 a company"'limittii.iiy" 8iiaranie¢ aii&thas" i)rys6•te". Ca￿lia1. hi the ¢ven1'p!￿* .¢hality b¢fftn8.wound tip.. til¢ liabili.ty In"resp¢¢t ofthe b*i"IranteC 15 iirri-ilèd io'£l per..nKrrilièr' or"thc.ch￿Jty. .ll¥VLsfMENT INCOME. "2021 Depos. it aceoiint iiiteTe INCOMEI(EXPENDITURE) Nei incom&(¢xpendiwr¢) is 51aied after Chargi))￿(credi!l￿g).' 2022 AudLiors remuiier•iion Audiiors, remurrtrniion-tor nDn awlii wDrk Dep￿]￿110￿- owned asse Deficii Ojb disposal of.fiied'asseis' 128 45. Pa8e 13 continued... uSfEES'"'REMiUYEIWTID.ry"'8￿.LLB￿FlEErts.. ¢￿ti￿.,￿l Trc¢rnb¢E£oYi .EPBECIATIOW. .A"t.'l.'january?-02"2-. '.charse&for Al4:1 UecemberJ0>2 ET.BO.OI£.,VAiiiE ,Al i.i.DecemlreTr2022.'. t 31 Dtc¢rniJ.#.203j. è'ihtrdèbtb Page 14 niinued... LO￿10N NARROW BOAT rRQJÉ￿. for the Yè*tr.Ended 3_IJIECÈhLBER.29.22 Tride ¢r¢thtors .40,TrXI Flind .Fixed.&%sets cU￿ent 85s¢ts 'Curr¢nt li8bili¢i¢5 122.670,. (9,-374j 143.143 (28..215) (9J74) 155.153 MOVEMENT,￿ FuNbs Nel 31.12.22 Unrestrle¢td funijs 1,567 13,495 40.oc 11.629 26.058 62.944 Boat Funds, Major Boat Mainienaiice F¥nd Coni!ngeix¢y Futid Incom¢ Fund 26.058 (2,594) 155.153 (1.027) ,154'126 TOTAL. FiJP4DS 155,153 (1,027) 134.126 Page 15 continued... ,'NQTES Yo THE ST.ATEhtsNIS.: .T•r I￿.￿.t￿T.£￿*jed..II.DÈcEmB-ER"2b2Z f43-6935 -Li oy7.1 TD.T.AL.FIIND3 (45%93.). e*bp*r•rfv.esJor.1￿&Vé1u*rt¢ ih!ottd$ Net }jAI.21 '.Unre5trittwi fit11￿5. Boat Full￿, '.Major Boat'"Maiii!eziaKe.Fimd ,"¢onti]i8ericy'Funa "bi¢o.ii* F￿la .(1:856) !J,856j 15S..153 TOTAL.FVNDS .155.153 "Comp3raiiv¢.rK*nxJv¢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 I24￿on￿•￿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 T￿re were iio rela1￿..patIY. irni%aCtiO￿s £(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