OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← The Wooden Canal Boat Society Limited

2024-12-31-accounts

THE WOODEN CANAL BOAT SOCIETY LTD

COMPANY REGISTRATION NO: 03295718 (England) CHARITY REGISTRATION NO: 1069820

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

THE WOODEN CANAL BOAT SOCIETY LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 DECEMBER 2024 INDEX PAGE

CONTENTS Directors' Report

Independent Examiner's Report

Statement of Financial Activities

Balance Sheet

Statement of Cash Flows

Notes to the Accounts

1

THE WOODEN CANAL BOAT SOCIETY LTD

Report of the trustees for the year ended 31[st ] December 2024

The trustees present their annual directors' report and financial statements of the charity for the year ended 31st December 2024 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the

Memorandum and Articles of Association, and the 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).

Reference and administrative information

Charity Name: The Wooden Canal Boat Society Ltd. Charity Number: 1069820 Company Number: 03295718

Directors and trustees

The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows:

Key management personnel: Trustees and Directors

Alistair James Leaman Daniel Manville (resigned 1[st] February 2025) Elizabeth Stanford

Company Secretary

Alistair James Leaman

Marilyn E Smith Voluntary Treasurer (not Trustee)

Registered Office

173 Stamford Street Central Ashton-Under-Lyne OL6 7RU

Independent Examiners

Hilton Jones Ltd. t/a Community Accountancy Service Hollinwood Business Centre Albert Street, Oldham OL8 3QL

Bankers The Co-Operative Bank Plc Lloyds Bank Plc Business Direct 91 Old Street PO Box 250 Ashton-UnderLyne Skelmersdale OL6 7RU

2

THE WOODEN CANAL BOAT SOCIETY LTD

Structure, governance and management

The Wooden Canal Boat Society Ltd is a company limited by guarantee governed by its Memorandum and Articles of Association dated 23[rd ] December 1996. It is registered as a charity with the Charity Commission and is constituted under a trust deed dated 30[th ] May 1998.

Objectives and activities

To preserve, restore and maintain wooden canal boats of various types for the benefit of the publjc. To advance the education of the public in the history, construction and operation of wooden canal boats of various types.

To relieve persons recovering from mental ill-health or stress related illness by the provision of a canal boat holiday.

To use wooden canal boats for any other charitable purpose according to the laws of England and Wales.

The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, in planning future activities, and setting the policies for the year.

A review of our achievements and performance

Early Spring 2024 was taken up with repairs to Hazel, particularly dealing with cabin leaks, further insulation work and improvements to the central heating. A volunteer from the midlands painted and signwrote the back cabin sides. At the same time the steady improvements to Forget Me Not have continued.

Forget me Not and Hazel made a journey in June to the Lymm Historic Transport Festival to make the boats and the charity's activities known by a wider public. A charity stall was also taken on the main field to raise funds and publicise the charity's work.

After the Lymm trip, longer journeys were restricted by water shortages and lock closures, though a well being trip to Bugsworth Basin and back was completed before Marple locks closed. In October an attempt to use the Huddersfield Narrow canal for a longer well being trip resulted in the discovery that the winding holes (turning places) beyond Stalybridge were too silted to use.

The fleet of boats continues to be on display to the public at Portland Basin Museum. Ashton under Lyne.

In October Forget me Not's gearbox failed. This put her out of action for the rest of the year as the parts suppliers in Sweden had run out of the necessary components. Our volunteer chief engineer took the opportunity to thoroughly overhaul and improve the gearbox.

After October Hazel continued in her well being role but as a static boat, or sometimes bowhauled for short trips. Volunteers undertook some removal of bushes growing from the towpath copings.

A chance viewing of an Ebay listing led to the purchase of two BMC 3.8 litre Commodore engines that were being taken out of a vintage motor yacht in Cornwall. The purchase and transport costs of these engines were donated by a trustee. These engines are both with gearboxes and are in running order. One of them is intended to be fitted in Southam and the other kept as a spare. The similar engine previously destined for this boat will be stripped and sold for spares. Work began on repairs to Southam. We look forward to carrying on with this task in 2025.

Takings from the charity shop were down somewhat in 2024. This was probably a result of the decline of footfall in Ashton town centre. We hope that the improvements to Ashton Market will result in a reversal of this trend. Volunteer numbers have increased providing regular purposeful activity for local people. An excellent team has emerged. It should be noted that several nearby charity shops have closed, largely because of a shortage of suitable volunteers.

3

THE WOODEN CANAL BOAT SOCIETY LTD

Financial review

The trustees receive a monthly Treasurer's Report. They review the finances regularly and are satisfied with the results. Total income in the year was E49,980 and expenses E59,948 leaving an operating deficit of €9,968.

Investment powers and policy

The trustees, having regard to the liquidity requirements of operating the charity, have kept available funds in a current account.

Reserves policy and going concern

The balance held in unrestricted reserves at 31[st ] December 2024 was f240,259 of which f96,324 is free reserves, after allowing for funds tied up in tangible fixed assets and heritage assets. The balance held in restricted reserves at 31[st ] December 2024 was Enil (2023: Enil).

The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure, currently E 13,800. The remainder will go towards the ongoing restoration and maintenance of the boats. The trustees consider that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered.

Risk management

The trustees regularly (at least yearly) review the major risks to which the charity/company is exposed and have established systems to mitigate these risks. Risks are managed by insurance review, ensuring accreditation is up to date, reviewing policies and procedures and organising training for staff and volunteers. The latter is designed to minimise or manage any potential impact on the charity should these risks materialise.

Plans for Future Periods

WCBS plans for 2025 include:Continuing to run Well Being trips with Hazel. Further repairs and upgrading of Hazel.

Repairing Forget me Not's gearbox and continuing with upgrading work on this boat.

Dry docking Southam for hull repairs, fitting one of the BMC engines and renovating the cabin conversion.

Continued maintenance of Lilith, Elton and Queen.

Continuing moves to secure the future of the Heritage Boatyard and developing it further for boat restoration and educational purposes.

Appointment of trustees

Trustees are recruited from the general membership and volunteers or invited by the Council of Management if they have particular skills that would be useful. Those who show an interest are invited to attend Council of Management meetings so that they become familiar with the workings of the Society. They can then be nominated at the AGM.

Trustee induction and training

An induction pack is given to all Trustees on appointment. This includes the Wooden Canal Boat Society Constitution and Memorandum and Articles of Association. Over the course of their introductory time on the Council of Management potential trustees are briefed on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, the decision making processes and schedule of meetings. The online filing system is shared. Charity Commission updates and guidance are regularly circulated to the Trustees, as are opportunities for external training events.

4

THE WOODEN CANAL BOAT SOCIETY LTD

Organisation

The board of trustees administers the charity. The board normally meets monthly.

Related parties and co-operation with other organisations

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager with any service providers must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported.

Trustees responsibilities in relation to the financial statements

The charity trustees (who are also the directors of The Wooden Canal Boat Society Ltd for the purposes of company law) are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to:

Select suitable accounting principles and then apply them consistently;

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

By order of the board of trustees

Elizabeth Stanford Trustee

Date: 8[th ] August 2025

5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WOODEN CANAL BOAT SOCIETY LTD

I report on the accounts of the company for the year ended 3 1[st ] December 2024, which are set out on pages 6 to 15.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

Except as disclosed below, 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

James Hilton Jones FCCA Hilton Jones Ltd. t/a Community Accountancy Service Hollinwood Business Park Albert Sfreet, Failsworth Oldham OL8 3QL

Date: 8[th ] August 2025

THEWOODENCANAL BOAT SOCIETY CANAL BOAT SOCIETYLTD CANAL BOAT SOCIETYLTD Year Year
Ended Ended
31.12.24 31.12.23
Notes Unrestricted Restricted Total 6
Total
Funds Funds Funds Funds
Income from:
Donations and Legacies 1 ,452 272 1,724 21 ,520
Charitable Activities 4 286 1,760 2,046 3,753
Other Trading Activities 5 45,150
46,888		 1 ,060
3,092		 46,210
49,980		 511869
77,142
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDING 31 DECEMBER 2024 (23,645) (23,645) (24,407)
(INCORPORATING INCOME AND (31,583) (4, 720) (36,303) (41 ,643)
EXPENDITURE ACCOUNT) (55,228) (4,720) (59,948) (66,050)
Total (8,340) (1 ,628) (9,968) 111092
Expenditure on: (1 ,628) 1 ,628
Raising Funds 6
Charitable Activities 7 7,450 7,450 9,333
Total (1,000)
(3,518)		 (1,000)
(3,518)		 3,000
23,425
Net income/(expenditure) 243,777 243,777 220,352
Transfers between funds 16
240,259 240,259 243,777

Other recognised gains/(losses):

Gains/(losses) on revaluation of fixed assets Gains/(losses) on revaluation of heritage assets Net movement in funds

RECONCILIATION OF FUNDS

Total Funds Brought Forward

TOTAL FUNDS CARRIED FORWARD 16

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The notes on pages 9 to 15 form part of these accounts.

BALANCE SHEET AS AT 31 DECEMBER 2024

Registration Number: 03295718 2024 2023
NOTES
FIXED ASSETS
Tangible Fixed Assets 11 110,935 111 ,597
Heritage Assets 12 33,000 34,000

7

THE WOODEN CANAL BOAT SOCIETY LTD

CURRENT ASSETS
Debtors & Prepayments 13 2,212 1,419
Cash at Bank & in Hand 96,597 98,977
143,935 145,597
98,809 100,396
LIABILITIES:
Amounts falling due within one 14 (2,485) (2,216)
year (2,485) (2,216)
NET CURRENT ASSETS 96,324 98, 180
TOTAL NET ASSETS 240,259 243,777
THE FUNDS OF THE CHARITY
Unrestricted Reserves 16 193,023 202,991
Revaluation Reserve 16 47,236 40,786
Restricted Reserves 16
TOTAL CHARITY FUNDS 240,259 243,777

For the year in question the company was entitled to the exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved on behalf of the Board

==> picture [76 x 21] intentionally omitted <==

----- Start of picture text -----
(Trustee)
Elizabeth Stanford
----- End of picture text -----

Date: 8th August 2025

The notes on pages 9 to 15 form part of these accounts.

STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31 DECEMBER 2024 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH

FLOW FROM OPERATING ACTIVITIES 2024 2023
THEWOODENCANAL BOAT SOCIETYLTD
Net movement in funds
Add back depreciation		 (9,968)
8,112		 11,092
5,014
Add loss on sale of assets 4 , 320
Add back revaulation of heritage assets (6,450) 8
(12,333)
Decrease/(increase) in debtors (793)
(8,830)		 5,380
12,807
Increase/(decrease) in creditors 269 ~~(666)~~
Net cash used in operating activities
(1,495)
Cash flows from investment activities: 810
Purchase of fixed assets 7,450 9,333
Sale of fixed assets (1,000) 3,000
Increase/(decrease) in value of fixed assets (revaluation) 6,450 1
Increase/(decrease) in value of heritage assets 1 ,648
Net cash provided by investing activities (2,380)
24,455
Increase/(decrease) in cash and cash equivalents during the year 98,977
74,522
Cash and cash equivalents brought forward 96,597 98,977

Cash and cash equivalents carried forward

THE WOODEN CANAL BOAT SOCIETY LTD

9

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

(a) Basis of preparation and assessment of going concern

The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 201 1

The charity constitutes a public benefit entity as defined by FRS 102.

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

(b)Funds structure

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. There was 1 restricted fund during the year.

Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion have created a fund for a specific purpose. Further details of each fund are disclosed in note 16.

(c) Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income wili be received and the amount of income receivable can be measured reliably. Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Operating income represents grants, sales, memberships and sundry income receivable.

(d)Expenditure Recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings. For more information on this attribution refer to note (f) below.

(e) Irrecoverable VAT

Irrecoverable VAT is charged against the expenditure heading for which it was incurred.

(f) Allocation of support and governance costs

Support costs have been allocated between governance costs and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to independent examination and legal fees together with an apportionment of overhead and support costs.

Governance costs and support costs relating to charitable activities have been apportioned based on staff time and facilities used in each activity.

The allocation of support and governance costs is analysed in note 8.

(g)Charitable Activities

THE WOODEN CANAL BOAT SOCIETY LTD

10

Costs of charitable activities include governance costs and an apportionment of support costs as shown in Note 7.

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

(h) Tangible fixed assets and depreciation

Fixed assets are included in the accounts at net book value. Additions of a single item or a group of similar assets exceeding €500, are capitalised at cost (valuation for donated assets). Depreciation is provided to write off the cost less the estimated residual value of tangible fixed assets over their estimated useful lives as follows:-

Office Equipment & Fittings 15% on cost Computer Equipment 33.3% on cost Motor Vehicles 33.3% on cost [revaluation Boats - Hazel Over 30 years from date of first use The wooden boats not in operation are treated as heritage assets and re-valued on an annual basis. The boats are revalued annually by an experienced trustee or boatbuilder.

(i) Taxation

The organisation is exempt from income tax by reason of its charitable status. Income tax suffered on investment income is reclaimed in full. The Charity is not currently registered for VAT.

(j) Pensions

The charity has implemented an auto enrolment pension scheme. The charity has no liability beyond making its contributions and paying across the deductions for the employee's contributions. Costs are charged to expenditure in the period incurred.

(k) Operating leases

Rentals payable under operating leases, where substantially all the risks and rewards of ownership remains with the lessor, are charged to the Statement of Financial Activities in the year in which they fall due.

(l) Contingent liabilities

A contingent liability is identified and disclosed for those transactions resulting from a possible obligation which will only be confirmed by the occurrence of one or more uncertain future events not wholly within the trustees' control.

(m)Debtors

Trade and other debtors are recognised at settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(n) Creditors and Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

THE WOODEN CANAL BOAT SOCIETY LTD

11

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (cont...)

3
TAX This is stated after charging: 2024 2023
Depreciation - owned assets 8,112 5,014
Independent Examiners Fees 1,212 1 ,212
Other financial services 347 321
ON SURPLUS ON ORDINARY ACTIVITIES

(See taxation policy note above)

4 INCOME FROM CHARITABLE ACTIVITIES

Unrestricted Restricted Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Grants: 2024 Funds Funds 2023
Membership 286 286 331 331
Hazel & Other Boat Trips 1,760 1,760 400 3,022 3,422
286 1,760 2,046 731 3,022 3,753
2NET INCOME FOR THE YEAR
5
Unrestricted Restricted Total Total
Funds Funds 2024 2023
Online sales 1,781 ~~1,781~~ ~~2,204~~
Other income 2,244 510 2,754 2,916
Shop income 40,954 ~~40,954~~ ~~46,213~~
Tombola ~~171~~ ~~171~~
Sponsorship 550 550 536
Restricted Funds 45, 150 1 ,060 46,210 51 ,869
536
Unrestricted Funds 51,333

INCOME FROM OTHER TRADING ACTIVITIES

51 ,869
6 COST OF RAISING FUNDS 2024
2023
Advertising & Marketing Postage
Payment Platform Fees
Shop Expenses		 674
69
48
22,854		 194
73
241140
23,645 24,407
7 EXPENDITURE Total Total
2023
2024
Charitable Activities
Employment Costs
Training Costs
Boat repairs & maintenance
Boat licences & insurance
Boat Running Costs
Depreciation - boats
Boatyard repairs & maintenance
Heat, Light & Water
Vehicle running costs & insurance
Volunteer Expenses
Newsletter		 7,758
30
4,582
4,723
1 ,601
7,450
61
1 ,826
4, 165
109
342		 7,920
8,857
4,421
1,756
4,333
181
995
4,400
104
103
7,040
2,097 1 ,53
1,559 3
36,303 41,643
4, 720 9,101
311583 32,542
36,303 41,643

THE WOODEN CANAL BOAT SOCIETY LTD

12

Support Costs Governance Costs

Restricted Funds Unrestricted Funds

THE WOODEN CANAL BOAT SOCIETY LTD

13

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (cont...)

Support Costs
Cleaning, Repairs and Maintenance Minor 119 119 125
Equipment 507
Printing, Stationery & Postage 45 45 55
Refreshments 119 119 124
Telephone and Internet 271 271 272
Software, Publications and Subscriptions 686 686 578
Depreciation 662 662 681
Loss on disposal of assets 4 , 320 4 , 320
Bank & Card Charges 14 14 14
Sundries 181 181 364
Accountancy & Payroll 1 ,559 1,559 1,533

9 STAFF NUMBERS AND COSTS

Wages and Salaries Social Security Costs Pension Costs

The charity employed 1 staff during the year, with an average The average number of employees was: Charitable Activities

The charity considers its key management personnel comprises the trustees. The

total employment benefits, including employer pension contributions of the key management personnel was Enil. (previous year: Enil.), No employees has benefits in excess of €60,000 (2023: none).

10 TRUSTEES' REMUNERATION AND EXPENSES

No remuneration was paid or payable directly or indirectly out of the funds of the charity during the year to any trustees or to any persons known to be connected with any of them.

No remuneration was paid or payable directly
or indirectly out of the funds of the charity
during the year to any trustees or to any
persons known to be connected with any of
them.
No reimbursement of expenses has been made or is due
to be made to any of the trustees in respect of the
period. 2,097 11559 3,656 8,573
11 TANGIBLE FIXED ASSETS 2024
Boat 2023
Total
"Hazel"		 7,758 7 ,255
665
Vehicles
Equipment 7,758 7 ,920
1 1
of 1 1 1

14

THE WOODEN CANAL BOAT SOCIETY LTD

==> picture [469 x 617] intentionally omitted <==

----- Start of picture text -----
|||||| |---|---|---|---|---| |NOTES TO THE ACCOUNTS| |COST OR VALUATION| |At 1 January|148,999|I ,495|4,876|155,370| |Revaluation|7,450|7,450| |Additions| |Disposals| |At 31 December 2024|156,449|I ,495|4,876|162,820| |DEPRECIATION| |38,999|498|4,276|, 773| |At 1 January| |7 ,450|498|164|8,1 12| |Charge for Period| |At 31 December 2024|46,449|996|4,440|511885| |1| |NET BOOK VALUE| |At 31 December 2024|110,000|499|436|10,935| |At 31 December 2023|110,000|997|600|1 11,597| |12|HERITAGE ASSETS|Heritage|Total| |Assets| |COST|34,000|34,000| |At 1 January|(1,000)|(1 ,000)| |Revaluation|33,000|33,000| |At 31 December 2024| |NET BOOK VALUE|33,000|33,000| |At 31 December 2024| |34,000|34,000| |At 31 December 2023| |The boats are revalued at year end by C Leah (boatbuilder) and were| |originally donated by the Wooden Canal Craft Trust.| |2,212|1,419| |Prepayments|2,212|1,419| |285| |1 ,927|1,419| |Restricted Funds|2,212|1,419| |Unrestricted Funds| |880|500| |14|LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR| |1 ,605|1,716| |Other Creditors|2,485|2,216| |Accruals| |2,485|2,882| |Restricted Funds|2,485|2,216| |Unrestricted Funds| |2024|2023| |15|CAPITAL COMMITMENTS|E nil|E nil|

----- End of picture text -----

15

THE WOODEN CANAL BOAT SOCIETY LTD

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 (cont...)

Contracted but not provided for

FOR THE YEAR ENDED 31 DECEMBER 2024 (cont...)

16 ANALYSIS OF CHARITABLE FUNDS

RESTRICTED FUNDS Hazel Project

Balance at Balance at 31 January Incoming Transfers Outgoing 31 2024 December E 2024 3,092 11628 (4, 720)

Unrestricted Funds:

General

Revaluation Reserve Total Unrestricted Funds:

TOTAL

Previous Year

RESTRICTED FUNDS

Hazel Project Donated Vehicle

Unrestricted Funds:

General

Revaluation Reserve Total Unrestricted Funds:

3,092 1 ,628 (4,720)
202,991 46,888 (1 ,628) (55,228) 193,023
40,786 6,450 47,236
243,777 46,888 4,822 (55,228) 240,259
243,777 49,980 6,450 (59,948) 240,259
Balance at
1 January
2023		 Incoming Transfers Outgoing
(3,971)		 Balance at
31
December
2023
(5,
5,130 3,971 130)
5,130 3,971 (9,101)
186,769 73,171 (56,949) 202,991
28,453 12,333 40,786
215,222 73,171 12,333 (56,949) 243,777
220,352 77,142 12,333 (66,050) 243,777

16

THE WOODEN CANAL BOAT SOCIETY LTD

NOTES TO THE ACCOUNTS

Purpose of funds:Description, nature & purpose of the fund Hazel project ~ towards the running costs and trips provided of Boat Hazel Donated Vehicle ~ towards the depreciation of donated vehicle

17[ANALYSIS OF NET ASSETS BETWEEN FUNDS]

Net Net
Fixed Current 2024 Fixed Current 2023
Assets Assets Total Assets Assets Total
Restricted Funds
Unrestricted 143,935 96,324 240,259 145,597 98,180 243,
777
TOTAL
143,935 96,324 240,259
145,597 98,180 243,777

THE WOODEN CANAL BOAT SOCIETY LTD

17

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024 (cont...)

18 COMPANY STATUS

The company is limited by guarantee and has no share capital. All members have agreed to contribute a sum not exceeding El in event of winding up.

19 CONTINGENT LIABILITIES

There were no contingent liabilities at 31 st December 2024 (2023 Enil).

20 GOING CONCERN

The company's main source of income is grant funding and shop sales. The Trustees consider that it is appropriate to prepare the accounts on a going concern basis and, consequently the accounts do not include any adjustments that would be necessary if the funding sources should cease.

21 POST BALANCE SHEET EVENTS

The trustees consider that there are no significant post balance sheet events that impact on the financial statements as presented.

22 ULTIMATE CONTROLLING PARTY

The company is under the shared control of the Trustees named on Page 1. There is no one person with significant control.