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2025-09-30-accounts

ASHBY CANAL ASSOCIATION

TRUSTEES REPOR T and ANNUAL REVIEW for the YEAR ENDED 30TH SEPTEMBER 2025

Reference and Administrative Details

Ashby Canal Association is a Registered Charity No 1063566, Company No 3396198, limited by guarantee registered in England whose Registered Office is at 40 Holland Crescent, Ashby de la Zouch Leicestershire LE65 1FS.

Trustees: P. Oakden (Chairman), D. Watts, C. Walker, R. Smith, R. Taylor, C Aston, A Jenkins and M Jeffs.

President: Professor O. P. Mulka Secretary: W.G.Hetherington. Treasurer: R. T. Taylor

Advisers: G. Pursglove (Chairman, Ashby Canal Trust), Prof. O. P. Mulka, (President of the Association), S.J.Wain VicePresident of the Association, A. P. Jenkins (web-master) and H. Worth, (IWA Honorary Engineer.)

Bankers: HSBC Bank plc, Market Place, Hinckley, LE10 1NU

Solicitors: M & S Solicitors Ltd, Lion Court, Staunton Harold Hall, Ashby de la Zouch, Leicestershire LE65 1RT

Independent examiner of accounts Penelope Barber of Golden Eagle, Hockley Port Moorings, All Saints Street, Hockley, Birmingham B18 7RL

The Ashby Canal Company Limited, a former Associated Company has been dissolved.

Structure, Governance and Management

Ashby Canal Association (“ACA”) was incorporated on 2nd July 1997 and is governed by Memorandum and Articles of Association dated 10th June 1997. It took over the activities of the former unincorporated organisation of the same name originally founded in February 1966. The trustees are nominated and elected by the members of the Association from within the membership, serve for a period of three years and retire by rotation. Along with co-opted members they form the management committee, undertaking the day to day running of ACA’s affairs and decision-making. There are no outside appointees. No committee members received remuneration for their services other than payment of out-ofpocket expenses, such as postage, travelling expenses, etc., most of which was donated back to ACA.

A Health & Safety policy is in place and safety issues were reviewed at management committee meetings. Public liability and other major risks are covered by appropriate insurance. Major risks are kept under review. For events and work parties, risk assessments are carried out. Appropriate financial policies are in place, and the accounts are subject to independent examination.

Objects and Activities

(1) T he principal objectives of ACA, set out in full in its Memorandum of Association, are to improve the condition of, preserve, and enhance the Ashby de la Zouch Canal for the benefit of the public and to promote and assist the restoration of the derelict northern reaches of the canal.

The Trustees declare that the Association’s objectives are not exclusive to any particular interest group, are for public benefit and that the charity constitutes a public benefit entity under Financial Reporting Standard 102. All of the Association’s activities are continuing operations and the Association is a going concern.

(2) Relationships with other organisations and charities

The Association maintained working relations with The Canal and River Trust (“CRT”), The Inland Waterways Association (“IWA”), The Ashby Canal Trust (“ACT”), Leicestershire County Council (“LCC”), North West Leicestershire District Council (“NWLDC”), Hinckley and Bosworth Borough Council (“HBBC”), Natural England and The Environment Agency and had dialogue with local district and County Councillors and Member of Parliament. The Association is a corporate member of the Inland Waterways Association ("IWA"), a member of the Association of Waterways Cruising Clubs, and is represented on the board of the ACT.

(3) Volunteer contributions

ACA is fortunate to have many volunteers. Volunteer work parties undertook regular maintenance of the Association’s canal-side land and buildings at Snarestone Wharf, work on the line of the canal around the Gilwiskaw Aqueduct and at the Illott Wharf site. With the assistance of a grant from IWA, ACA volunteers have constructed a footpath along the route of the future restored canal between Snarestone Wharf and the new terminus in Measham. Weekly work

parties have been laying hardcore, installing gates and signposts and building steps. Work is ongoing. They also took part in ACT work parties at Moira.

Administrative, membership, secretarial and accountancy work was done voluntarily. The ACA’s regular social events continue and smaller events have been arranged to accommodate visiting groups from time to time. Newsletter editing, database, publicity design and web-site management were also undertaken entirely by volunteers or as gifts in kind. Financial planning for the next phases of canal restoration has been undertaken in consultation with the Leicestershire County Council in anticipation of the Transport and Works Act Order referred to below.

ACA's sales and information kiosk at Snarestone was available for visiting boaters and walkers, thanks to a dedicated group of volunteers and our volunteer site caretakers.

In total, 7,298 hours of voluntary work were contributed to the Association during the year, equivalent in monetary terms to £115,440. The trustees record their thanks to all those involved.

(4) Canal Restoration: Restoration plans are in place for the canal northwards from Bridge 62. LCC transfered the Transport and Works Act Order 2005 (TWAO) to the Association since it decided that LCC no longer wished to continue with its involvement in the canal restoration scheme. The implementation of this transfer is still progressing slowly. Upon completion, ACA will be the landowners and thus in a position to apply for a substantial Heritage Lottery Fund (“ HLF”) Grant. As a precursor to the application, ACA carried out a HLF funded Industrial Archaeological investigation at Illott Wharf which was completed and the formal report issued by Leicester University in April 2019. Rules for Lottery Grant Applications changed significantly early in 2019. Previously a grant for canal restoration could be applied for only when

works are carried out on the original route. This is no longer the case where the emphasis is now more on features including benefits to the public and local community. Once the TWAO transfer is complete ACA may apply for a grant to fund restoration either from Bridge 62 to Measham or from Bridge 62 to Gallows Lane. The timing of the TWAO and the grant application had been slow, but the application for transfer is now with DEFRA.

● Fund Raising: The Restoration Appeal continued, with the Gilwiskaw Aqueduct appeal continuing to attract donations. Income from the operation of ACA including that received from the shop amounting to £105,227. The shop at Snarestone Wharf was open whenever possible but income was affected by reduced footfall and fewer boat visitors during the year.

● Publicity: We provided information for visitors through the ACA website, hotline, leaflets, free maps, notice boards and in person at the information kiosk at Snarestone Wharf.

● Public Events: The popular Moira Canal Festival again took place in May 2025. It was very successful attracting many visitors and helped promote the Ashby Canal and it's future restoration.

● General ACA representatives attended CRT Waterway User Group meetings during the year. Development proposals and planning applications affecting the whole length of the canal and its environment were scrutinized by the management committee and comments made where appropriate to local authorities. ACA continued to manage trail-boaters, canoeists and visiting boaters. The off-line nature reserve on ACA land at Snarestone provides a valuable habitat for thriving wildlife. Maintenance work on the reserve was carried out by ACA volunteers. ACA’s newsletter , ’Spout’, was published quarterly, to communicate with members and the public.

ACA’s web-site (ashbycanal.org.uk) provided news and information, and also facilitated many email enquiries from the public. The Facebook Group “Ashby Canal Association Friends” continued to be popular.

Financial review Major Risks. The major risks to ACA are (a) that ACA ceases to have sufficient funds to carry out its day to day objectives and (b) that volunteer input does not continue at its present level, as all its activities are performed by volunteers. Both these risks are regularly reviewed by the management committee and policies put in place when required to help mitigate them.

Policy on reserves The policy of the management committee is to maintain a general reserve at a prudent level, sufficient in their view to meet anticipated revenue expenditure in the short term (up to one year). ACA also holds designated reserve funds to enable the Association to make substantial financial contributions towards the canal restoration scheme over the next five years; this includes specific funds designated to the supply of bricks for the construction of the Gilwiskaw aqueduct.

Other financial information

Subscriptions and generous donations from members and the public continued to form a large part of ACA's revenue, most of which were gift-aided. Specific donations were received towards the restoration of the canal's northern reaches. ACA raised funds through its sales shop and a bric-a-brac stall. A card payment system is installed. ACA also sold advertising and collected mooring and slipway fees. The Association records its thanks to all who have supported it with cash or in kind and to all the volunteers. Life memberships are recorded in a separate fund and written back into revenue over a period of ten years. The detailed financial results are set out in the statement of accounts showing a net gain of £2,205.37 for the year. In addition to the General fund, the accounts show details of designated funds allocated to the Restoration Scheme and Gilwiskaw Aqueduct, the ACA total funds balance being £187,657.57. No funds were held on behalf of others. All funds are deposited in a UK bank. There were no funds in deficit. The accounts have been independently examined and certified.

Membership At 30th September 2025 there were 581 members, including 194 life members. (2024 total membership was 564).

THE TRUSTEES DECLARE THAT THEY HAVE APPROVED THE ABOVE REPORT

Signed on behalf of the charity’s trustees by PETER OAKDEN Chairman .... Peter Oakden .............

this Eleventh day of June 2026

ASHBY CANAL ASSOCIATION

Registered Charity No 1063566 Company registered in England No 3396198 Registered Office: 40 Holland Crescent, Ashby-de-la-Zouch, LE65 1FS

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2025

Statement of Financial Activities
INCOMING RESOURCES
Donations legacies and subscriptions:
(note 2)
Subscriptions received from members (incl Gift Aid)
(note 2)
Donations, appeals and grants received (incl Gift Aid)
(note 2)
Legacies Received
Grants Received
NWLDC Grant for Measham Aqueduct Investigative work
Income Earned from other activities
Shop Sales (gross)
Quiz Night Ticket Sales
Spout Advertising Revenue
Investment and other income
Interest Received
HMRC VAT Repay Received
TOTAL INCOME
RESOURCES EXPENDED
Expenditure on raising funds
Publicity, Member Meetings and Events
Charitable Activities
Publications
Canal restoration project (TWA Transfer Legal Fees)
Canal enhancement projects
Work parties, site expenses, health & safety, training
Other expenditure
Subscriptions paid
Depreciation of fixed assets
Legal, audit, licences and bank charges
Administration
Insurance
Quiz Night Expenses
Aqueduct Appeal Expense
Shop Stock Purchases
VAT Payments
TOTAL EXPENDITURE
NET INCOME (surplus of income over expenditure for the year)
RECONCILIATION OF FUNDS(Note 4)
Movement on funds for the year
Balances b/f at 1st Oct 2024
(note 4)
(note 5)
Loss on Disposals
surplus of income over expenditure for year
TOTAL FUNDS CARRIED FORWARD		 Restricted
Funds
Unrestricted Funds
Total Funds
4,712.85
4,712.85
18,218.80
18,218.80
0.00
0.00
5,000.00
5,000.00
15,120.68
15,120.68
843.13
843.13
216.00
216.00
994.53
994.53
3,933.82
3,933.82
5,000.00
44,039.81
49,039.81
342.69
342.69
2,740.25
2,740.25
13,852.18
13,852.18
144.95
144.95
10,762.08
10,762.08
115.50
115.50
2,310.58
2,310.58
9,078.74
9,078.74
899.00
899.00
1,052.00
1,052.00
542.50
542.50
622.80
622.80
4,371.17
4,371.17
0.00
0.00
46,834.44
46,834.44
5,000.00
-2,794.63
2,205.37
185,452.21
185,452.21
0.00
0.00
-2,794.63
2,205.37
5,000.00
182,657.57
187,657.57		 Prior year 2024
5,380.68
17,986.67
5,000.00
0.00
17,328.66
439.81
360.00
602.77
0.00
47,098.59
4,408.68
2,856.56
8,851.61
106.20
7,483.66
124.00
3,979.11
235.26
446.38
879.55
468.41
692.40
3,844.11
630.40
35,006.33
12,092.26
173,359.95
0.00
12,092.26
185,452.21

ASHBY CANAL ASSOCIATION

BALANCE SHEET AS AT 30TH SEPTEMBER 2025
Tangible Fixed Assets(note 3)
Freehold land
Portable buildings,swingbridge, tools & equipment, at cost
less accumulated depreciation
Depreciation at cost eliminated in disposals
Additions this year
Current Assets
Bank Balances - deposit account
- current account
Cash in hand (Shop Cash Account)
Current Liabilities
None
Net current assets
TOTAL NET ASSETS
ACCUMULATED FUNDS (note 4)
Unrestricted Funds
General Fund
Life membership Fund
Designated funds:
Restoration scheme (aqueduct)
Restoration scheme (general)
Restricted Funds:
NWLDC Survey Fund		 13,257.00
87,443.25
-10,808.44
0.00
14,580.00
91,214.81
91,214.81
104,471.81
57,591.63
25,318.13
276.00
83,185.76
83,185.76
187,657.57
Restricted
Funds
Unrestricted Funds
Total Funds
62,768.99
62,768.99
10,359.14
10,359.14
105,227.36
105,227.36
4,302.08
4,302.08
5,000.00
5,000.00
182,657.57
187,657.57		 13,257.00
85,350.25
(8,497.85)
(5,707.00)
7,800.00
92,202.40
56,597.10
36,137.28
515.43
93,249.81
93,249.81
185,452.21
Total Funds
70,052.49
10,497.06
100,600.58
4,302.08
185,452.21

ASHBY CANAL ASSOCIATION

NOTES TO THE ACCOUNTS

1 Basis of Preparation The accounts are prepared under the historical coat convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The accounts have been produced in accordance with the Statement of Recommended Practice for Accounting and Reporting by Charities (FRS102) issued 16[th] July 2014 The charity constitutes a public benefit entity as defined by FRS102. The charity is a company limited by guarantee registered in England. It is a going concern.

2 Accounting policies

The accounts present a true and fair view. There have been no changes in accounting policies. The standard list of accounting policies outlined in FRS102 have been applied except for the treatment of life membership fees are treated as outlined below, a policy consistently applied since 2009

Life membership fees are capitalised and written into the accounts over a period of 10 years. Life membership fees received during the year (including Gift Aid) £1013.10 (2024=£875.40)

. Gift Aid reclaimed from HMRC has been credited to the relevant income source.

Donated services and facilities ( gifts in kind )

Donated services used immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading No donated services or facilities were received this year.

3 Assets

The standard list of accounting policies in FRS 102 relating to assets have been applied. The charity has no intangible assets Tangible fixed assets are depreciated on a straight line basis at rates between 5 – 20% over the expected life of the asset. No depreciation is provided on the charity’s freehold land.

----- Start of picture text -----
Tangible fixed assets: at cost brought forward at 1 [st] October 2024 100700.25
additions during year (meeting cabin at cost) 14580.00
disposals - at cost 0.00
Depreciation provision thereon 0.00
Surplus or loss on disposals 0.00 0.00
115280.25
Depreciation provision b/fwd at 1 [st] Oct 2024 8497.85
Depreciation charge for the year 2310.58
Deprectiation eliminated in disposals 0.00
Depreciation provision c/fwd at 30 [th] Sept 2025 10808.43
Written down value of tangible fixed assets at 30 [th] September 2025 104471.82
There have been no revaluations of fixed assets
----- End of picture text -----

The Association owns a heritage asset; an old ice-breaker located at Measham Museum.

This asset was acquired at no cost to the Association, and its value is historical rather than monetary,

4 Funds

The Association has over several years built up funds towards future costs of restoration of the Ashby Canal northwards from its present navigable terminus, a project which is currently on-going. An Aqueduct Appeal Fund and a Restoration Fund are maintained as designated funds This is to demonstrate the commitment of the Association to the restoration scheme, as reflected by the wishes of the charity’s supporters and donors.

5 Funds brought forward

The balances brought forward on 1[st] October 2024 comprise designated funds for Restoration and Aqueduct general funds of £80,549.55 Total b/f:= £185,452.21 (Oct 2023 brought forward balance = £165,559.95)

104902.66 , unrestricted

Audit Exemption

(a) For the year ending 30[th] Sept 2025 the company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies

Signed ……………………………………….. Director and Chairman Signed ……………………………………….. Director Date……………………………..

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees Charity Name ASHBY CANAL ASSOCIATION On accounts for the year 30[th] September 2025 Charity no 1063566 ended (if any) Set out on pages 3,4 and 5. (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/09/2025. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 28[th] June 2026

Signed: Name: Penelope Jane Barber

Relevant professional City of Birmingham Polytechnic, now BCU via UCE (1977 to 1978)

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qualification(s) or body (if any):

Foundation Course in Accountancy passed at Grade B Institute of Chartered Accountants in England and Wales (ICAEW) Professional Examination I (PEI) passed on first attempt 1980 Aston Business School (ABS), Aston University (1998 to 2001, part-time) MBA passed with Distinction.

Address: Golden Eagle, Hockley Port Moorings, All Saints Street, Hockley, Birmingham, B18 7RL.

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

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ASHBY CANAL ASSOCIATION ASHBY CANAL ASSOCIATION ASHBY CANAL ASSOCIATION ASHBY CANAL ASSOCIATION
Registered Charity No 1063566 Company registered in England No 3396198
Registered Office: 40 Holland Crescent, Ashby-de-la-Zouch, LE65 1FS
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2025
Statement of Financial Activities Restricted
Funds		 Unrestricted Funds Total Funds Prior year 2024
INCOMING RESOURCES
Donations legacies and subscriptions:
(note 2) Subscriptions received from members (incl Gift Aid) 4,712.85 4,712.85 5,380.68
(note 2) Donations, appeals and grants received (incl Gift Aid) 18,218.80 18,218.80 17,986.67
(note 2) Legacies Received 0.00 0.00 5,000.00
Grants Received
NWLDC Grant for Measham Aqueduct Investigative work 5,000.00 5,000.00 0.00
Income Earned from other activities
Shop Sales (gross) 15,120.68 15,120.68 17,328.66
Quiz Night Ticket Sales 843.13 843.13 439.81
Spout Advertising Revenue 216.00 216.00 360.00
Investment and other income
Interest Received 994.53 994.53 602.77
HMRC VAT Repay Received 3,933.82 3,933.82 0.00
TOTAL INCOME 5,000.00 44,039.81 49,039.81 47,098.59
RESOURCES EXPENDED
Expenditure on raising funds
Publicity, Member Meetings and Events 342.69 342.69 4,408.68
Charitable Activities
Publications 2,740.25 2,740.25 2,856.56
Canal restoration project (TWA Transfer Legal Fees) 13,852.18 13,852.18 8,851.61
Canal enhancement projects 144.95 144.95 106.20
Work parties, site expenses, health & safety, training 10,762.08 10,762.08 7,483.66
Other expenditure
Subscriptions paid 115.50 115.50 124.00
Depreciation of fixed assets 2,310.58 2,310.58 3,979.11
Legal, audit, licences and bank charges 9,078.74 9,078.74 235.26
Administration 899.00 899.00 446.38
Insurance 1,052.00 1,052.00 879.55
Quiz Night Expenses 542.50 542.50 468.41
Aqueduct Appeal Expense 622.80 622.80 692.40
Shop Stock Purchases 4,371.17 4,371.17 3,844.11
VAT Payments 0.00 0.00 630.40
TOTAL EXPENDITURE 46,834.44 46,834.44 35,006.33
NET INCOME(surplus of income over expenditure for theyear) 5,000.00 -2,794.63 2,205.37 12,092.26
RECONCILIATION OF FUNDS(Note 4)
Movement on funds for theyear
Balances b/f at 1st Oct 2024 (note 4) (note 5) 185,452.21 185,452.21 173,359.95
Fixed Asset Additions 0.00
Loss on Disposals 0.00 0.00 0.00
surplus of income over expenditure for year -2,794.63 2,205.37 12,092.26
TOTAL FUNDS CARRIED FORWARD 5,000.00 182,657.57 187,657.57 185,452.21

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ASHBY CANAL ASSOCIATION ASHBY CANAL ASSOCIATION ASHBY CANAL ASSOCIATION
BALANCE SHEET AS AT 30TH SEPTEMBER 2025
Tangible Fixed Assets(note 3)
Freehold land 13,257.00 13,257.00
Portable buildings,swingbridge, tools & equipment, at cost 87,443.25 85,350.25
less accumulated depreciation -10,808.44 (8,497.85)
Depreciation at cost eliminated in disposals 0.00 (5,707.00)
Additions this year 14,580.00 7,800.00
91,214.81 91,214.81
104,471.81 92,202.40
Current Assets
Bank Balances-deposit account 57,591.63 56,597.10
-current account 25,318.13 36,137.28
Cash in hand (Shop Cash Account) 276.00 515.43
83,185.76 93,249.81
Current Liabilities
None
Net current assets 83,185.76 93,249.81
TOTAL NET ASSETS 187,657.57 185,452.21
ACCUMULATED FUNDS(note 4) Restricted
Funds		 Unrestricted Funds Total Funds Total Funds
Unrestricted Funds
General Fund 62,768.99 62,768.99 70,052.49
Life membership Fund 10,359.14 10,359.14 10,497.06
Designated funds:
Restoration scheme (aqueduct) 105,227.36 105,227.36 100,600.58
Restoration scheme (general) 4,302.08 4,302.08 4,302.08
Restricted Funds:
NWLDC Survey Fund 5,000.00
5,000.00 182,657.57 187,657.57 185,452.21

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NOTES TO THE ACCOUNTS THE ACCOUNTS
1 Basis of Preparation
The accounts areprepared under the historical coat convention with items recognised at cost or transaction value unless otherwise stated
in the relevant notes to these accounts. The accounts have beenproduced in accordance with the Statemen t of Recommended Practice
for Accountingand ReportingbyCharities(FRS102)issued 16thJuly2014
The charityconstitutes apublic benefit entityas defined byFRS102.
The charityis a companylimited by guarantee registered in England. It is agoingconcern.
2 Accounting policies
The accountspresent a true and fair view. There have been no changes in accounting policies. The standar d list of accounting policies
outlined in FRS102 have been applied except for the treatment of life membershipfees are treated as outlin ed below, apolicy
consistentlyapplied since 2009
Life membership feesare capitalised and written into the accounts over a period of 10 years.
Life membershipfees received duringtheyear(includingGift Aid)£1013.10 (2024=£875.40)
. Gift Aid reclaimed from HMRC has been credited to the relevant income source.
Donated services and facilities( gifts in kind)
Donated services used immediatelyare recognised as income with an equivalent amount recognised as an expense under the appropriate heading
No donated services or facilities were received thisyear.
3 Assets
The standard list of accounting policies in FRS 102 relatingto assets have been applied. The charityhas no intangible assets
Tangible fixed assets are depreciated on a straight line basis at rates between 5 – 20% o ver the expected lif e of the asset.
No depreciation isprovided on the charity’s freehold land.
Tangible fixed assets: at cost brought forward at 1stOctober 2024 100700.25
additions during year(meetingcabin at cost) 14580.00
disposals - at cost 0.00
Depreciationprovision thereon 0.00
Surplus or loss on disposals 0.00 0.00
115280.25
Depreciation provision b/fwd at 1stOct 2024 8497.85
Depreciation charge for theyear 2310.58
Deprectiation eliminated in disposals 0.00
Depreciation provision c/fwd at 30thSept 2025 10808.43
Written down value of tangible fixed assets at 30thSeptember 2025 104471.82
There have been no revaluations of fixed assets
The Association owns a heritage asset; an old ice-breaker located at Measham Museum.
This asset was acquired at no cost to the Association, and its value is historical rather tha n monetary,
4 Funds
The Association has over severalyears built upfunds towards future costs of restoration o f the AshbyCanal northwards from its
present navigable terminus, aproject which is currentlyon-going. An Aqueduct Appeal Fu nd and a Restorati on Fund are maintained as designated funds
This is to demonstrate the commitment of the Association to the restoration scheme, as r eflected bythe wis hes of the charity’s supporters and donors.
5 Funds brought forward
The balances brought forward on 1stOctober 2024 comprise designated funds for Restor ation and Aqueduct 104902.66 , unrestricted
general funds of £80,549.55 Total b/f:= £185,452.21
(Oct 2023 brought forward balance = £165,559.95)
Audit Exemption
(a) For theyear ending 30th Sept 2025 the company was entitled to exemption from audit un der s477 of the Companies Act 2006 relating to small companies
(b) The members have not required to companyto obtain an audit of its accounts for theyear inquestion in accordance with S476.
(c) The directors acknowledge their responsibilities for complyingwith the requirements of th e Act with respect to accountingrecords and thepreparation of accounts
(d) The accounts have beenprepared in accordance with theprovisions applicable to companies subject to the small companies regime.
Signed ……………………………………….. Director and Chairman
Signed ……………………………………….. Director Date……………………………..

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