Charlty number: 1072335 Company number: 03472165 (England and Wa106) Canals in Hacknay U80rs Group Report of the Tru8t••s and Unaudlted Flnanclal Ststoments For the year endod 30 November 2022 Canals In Hackney Us•r6 Group Conterrts Pag8 For tho year'ended 30 Nov•mber 2022 R8fA)rt of the Tn 1to3 Indyndent Exarninerfs R•wLto tho Tru6tO0S ststernant of FlnwKi&lktivr Statomont of Flngndal po￿11 Notm kn the Sl8t•m•nt• 71011 Canals In Hackney UseryJ Group Rèport of the Trustees For tho year onded 30 November 2022 Thè tftJ$tsès pre3tsTht th￿r rewrt aNJ thè ffin8rKi81 3tsbments for the year 8rthd 30Novemb8r 2022. Thls 1$ 8 dir8¢tors' report requlred by s417of th• COM￿n￿8 20(6aThJ al tsust8•s are (lir8Ctrys. The financial staterngnts ccrnply with rrent statutory r8qulr8n*nts aTrJ the Tewtrem8nts ofths meM￿n￿￿ & NJbrJes (rf Assc*Jakn. OBJECTIVES AND ACTIVMES ObJeGtive8 and alms To eduGqte Ihe public abwt In￿1￿j waterway? In partrAts to afKI womte the u8e of Ihé ¢0￿1 for the benefit of the ￿pie ol Ha¢kney and the surrounding communMi88. To provldè In the HrteT6818 of ￿la1 waWBrè fvc4Nw for re¢XeaI￿ and olhw hL¥Jr• time OPFthun¢Je8 for tho F4JopI8 of Hackney and $urroundlng commun4tss". b8kng 18dlrflas of pw8(￿8 ha￿ n8wJ by r888on of youth, 898, infirmity or djsablornenl, poverty or sc¢fjal and Konomie t*¢um*arKe8: to imkyove the condith)n$ of for 8uch person6 by p￿rnOt￿n￿ thetr phys(￿1. mental arKI wribjal w8&boing. Public Benofft The trustees confirm Ihat 11w ho￿ refmd to Ihe (>J*#ln*l Chwrty Cc171nthiM'$ general gu*Jance on publlc benèfit and tho supp18m￿tsry put41G benefft gukjaT￿ ts tharlw who8e ￿rn8 Indud• 4dv8ndn9 religlon whon r•vi8wing the tharlV8 alms and obW'¥ès a￿1 in plannlng fulwo acalvlU86. ons for Future Periods We wlll conllnug wlth our ￿CIng proi8ct8 and VAII also in tho MtIlNJ up of a Cornrnunity Garden on Ihe tovoath as part of8 Sky Way fundlTh3 initiative tr the Regorfs A¢HievEMEPffS AND PERFORIAANCE 81gnlfft￿nt •ctlvltl•¥ Activili Actfvib"88 Carr￿d oul In 1hi8 p8rba Irthdo lh• fthArywy.' Dug lo the contlnued Imffj of th• Covld-19 pandomk wo hav• not I)0￿ ablo to rArt our fvl range of acUvltl88 18 they 011 involve public partlcip8Uon. axcept ts fOl￿r￿a look plac4'. Communlty ¢ellKlh.' May 2022- A ffjmiunal ¢debrakn wlth danc4 mu81dans p￿dIng an OppO￿nty for th8 I￿81 eommuntty to connect wlth thelr nefvJhb￿rn. Clear up day8. to rU￿1￿h ITcrfn the B89kn tho ￿rr￿MIal￿ lrylffjath. FINANCIAL REVIEW Re8erves Th• raservé5 p￿1¢Y Is that at leagt 6 mMth8 to b• r•laln•J as ro8er¥e8 at aK 1kn8s. In th1¥ flnaTrcaal pariod Ihè r8serves war8 eomfortably above Ihls Tl* tN¥t¢os aro saU8fied that dwrlty conurth to b8 a trthe fore8•￿￿8 fiJtyre. Rlsk Assossmgnl The trustees hava looked atthe and ar• 8abBfr•J lh* sty tak•n to rnrfagats Ihem. 1c111 Canals In Hackn•y Usern Group Report of th• Trusteos Contlnued For the year •FKlod 30 November 2022 STruCTu￿ ÈOVERNANCE AND IAANAGEMEIIT Gov•rnthg docum•nt Constitution The Ch8rity8 goveming doc#Jments are 118 MwrW￿um hrtKae8 of A•s(Klsakn. Thero are five InJste85 as listsd on paga 1. The charlty￿ ¢))n8tith ￿ bsBed on thè fDltr**)g . Cdl8ctNe d8rAsN)n nmking. There Is no le*Jer. dl deca'sioro 8ffeth"rvJ Ihe bas￿ are mgd8 ￿ll&ct￿•￿ 8t me8lngs. Wg alrn for cons9￿u8 in our d8d5kJn ma￿¥¥j m8hirty ￿8￿￿j¢￿￿¢ vote8 rf Ihorfj conson5us. Thts form of de¢ision rnaking can b& rjow and cumbersome txjt r( Up￿ th8 v8bJès of the (ts)Ynuntty that OV9Tr￿8 has an w4ual say. Thls ¥yslem rwuires that #l mèrnb￿ are k) ye¥￿tI M￿r￿d w(LesJ and dKiskn$ that arfr made whether they arg in agrasmarrt or not. Task$, wlès and responsibAili8s are shared cxrt in Lythr to sustain thg gyrnnunity. hjl memb8r8 of tho ￿MmUnIty ar rgqulr•d to coniributs time ond erw frts of ¢harge to •Jth* the Govemance and rnanagernont Declslons ar8 made cd18ctiv8ty and by mafv)ity at rn••lln Diary dat85 lor m•olirngs are made coHerANety * each AGM kn January tr lh$ 8Th￿n9 ￿r. Mamb8rs arg rsqulrèd to attend 8t laast 4 Me0￿r￿S per year. In addlbon to th6 6che￿I￿ any m8rnb8r can c811 an extraordlnary rn88tlng 8t any bmè. If a mernber wlshos to #n •xlrnordlnary meellr¥J. at least waeks notice is requir￿. All memb8r8 Can put Iorward any 898nd8 tt8m thty wsh for a nwllng. Th9 ur¢)JLgtsd tsvo week8 bofore th• m8•tiro. Any memb8r ¢an odd an aggnda item at th8 stsrt of a lomè it8ms rnquire at kni **•k8 notko e.g. new peL grfavanca, sub let request. Quorum l•vel Jg 6 people. If Th) consenslts 19 reacknd maj¢Nty volu)g 1$ usad to r•8ch a decision. Votes are only counted from thos• yo88nt 8t the arn votos ether by mau ￿ •mall. Mlnu¢•s of tha ma6Ung are cA￿lated to rnembgrs wllhin two ￿sk8 cltho dale ol ts Ma￿1ng. REFERENCE AND ADM1141STRAThE WFORMATIOII N•m• ol Charlty Charlty rogl8tr4tlon numb•r Comp•ny r•gl•tratlon nurnb•r Prlnclpal iddr• Mbs In H•ckrvy UBw¥ Group 107Y335 03472165 11 AAen R(*1 L￿d N18 8SB Tru•t• Th8 tru$ta•$ and officer8 8eMrv4 dwlrrfJ th• ￿ and SI￿? thg •nd w•r• as lollry￿'. Mo11• Gan&y Darnign Hall Ind•pend•nt exBmkn•r Andw M we￿ FIAV4T BN7 1RS 2of 11 Canals in Ha¢kney Uwr5 Group Report of the Trusteès Continued For the year ended 30 November 2022 Approved by Board of Trustees and &gned on its bewby MArf8 Gondy 3of11 Canals In Hackney Users Group Ind•pandont Examiners R•port to the Trustso$ For the year ondod 30 November 2022 I rapc¥l to th8 tr￿1886 on my &￿￿lAs1￿ of act￿rts rfth8 d)atitabbe compwry tr the year eNJed ￿ Novembgr 2022. R•sp0Mlbllll￿ and ba•ls of r•p(*t A$ the charity Truste88. who are 8160 thr8(aor8 for Ihe purFwxe8 of rxjrnpany knv. responssble for the pr8parali¢M of the aco)unts in 8(wrdanL¥ wfth th6 rffjUirw￿nts ofthe Cthyynies Ad 2C4)6 (the 2￿6 ACVI. Having Satisf￿ mysell thai th8 8ccounls of the Cwry arè rw)t rwuhd to ￿ aurt￿ under Part 18 of thè 2008Ad and are 81igVol& for Independent 8xamin8tiLty). I r8POrt of my examinabon of your cha¢*y's actX)unt5 carried out under 88Ctlon 145 of the Ch8rfti85 Act 2011 Ilho 2011 A(*l. In 4Y)t rny ￿M[na￿ I have frIkv￿￿ th• D*oclon8 glven by Ihe CharSty Comrntswon u￿r 1495Xbl ol ts 2011 A¢L Ind•p•nd•nt •x•mln•rn statem•nt I h8va completed my examination. l ¢onkni that ￿ mattws habp (¥rT* lo my attentw Mi 0yTh¢ti￿ wllh the examinDtion glvlng me cau66 to bell8v8 Ihat in any matwtsl iespe£t 1. accounting recgyrl¥ wt¥è not k8Pt kn rOSFrfI ofts CtynF4ny a8 by s•rkn 388 2OJ8 or 2. the acwunts do ￿t accord wlth Ihose rwxjrds.. or 3. the Bccounts do not 0)m￿Y wlh th8 rtquir8m8nts of 396 2Cth Artollw Ihgn f•quir•ment Ih8t tho acrtsunts giva 8'true and tsir Vk8W' whlth Is not a matler 46 part of ￿ Ind8p￿d￿l oxamlnatk)n.' or 4. the Accounts have not been p￿pared In aetord8Thx the malhods and pri￿FI95 01 thè St8t8rnenl of R¢¢ommènded Pr8diea for 8cc4unbrg and rep)rtin9 by charilbs apptic8t4e to ehantk* weparir¥J I￿1r act*yJnt8 in actNd•n¢s wlth the FInAnc￿ R8porUrvJ Stsndard 8pplleaLlo In the UK Rowb￿ of I￿nd IFRS 1021. I hava ￿ con(ems and hav• com• au063 rK) Othor m8ttar8 Sn conn8clSon w6th I1￿ &x8ftln8kn to whkh att•ntlon should b? drawn In tN8 roport In ordar to enfib￿ a woper ofth• accounts lo be reachgd. Andrew M W¥ll$ FMAAT CosJnlercullur8 Partn￿l￿p LLP 99 Westem Road Lew88 East su$￿X BN7 1RS 4of11 Canab in Hackney Users Group ststemont of Financlal Actlvltles (Incltsdlng Income and Expenditure Account) For the year ended 30 Novembor 2022 Unr•8trfct•d fund8 2021 In¢omg and •b)(h>wmnts Irom: Donatk)ns and leg8CVaS Invèsthionts Total 30.439 12 29.359 30,451 29.361 Expendttur• on: Ch8dlable 8CtivW•8 129,4911 129,491 136,5421 136.5421 Total N•1 1n¢om•l•xp￿d1IUr• Ro¢on¢lllatlon of lund# Tot81 fuThJ8 brought Icrfward Total funds Ufrt•d for￿rd 17.1811 65,786 66,746 72.967 05.786 5of11 Charlty number: 1072335 Company numbor: 03472165 {England and Walgs) Canals In Hackney Us•r8 Group Report of the Truslw8 and Unaudltsd Flnanclal Stal•ments For tho year •nd•d 30 November 2022 Canals In Ha¢knay Usèrs Group Contents Page For the year'ended 30 November 2022 R•FQrt of Ihe TrLthg8 1to3 Independenl Examln•fs Raport lo thg Tru5t•85 Ststem￿￿Q1 Fiwwl Notss to th• FInar¥￿ Statsnwnts 7t011 Canals in Hackney UseT5 Group Report ol the Trustees For the year ended 30 November 2022 Tha trustw pre8ent ther iepc¥t and the fina￿la1 Stste￿ lh& ￿ar 30NovembeT 2022. Thls is a dir6etors' t requlr8d by $417of the Companbs Act 2(￿al¥j all trust0￿ arB dir8CtU5. The )In8ndal stst8ments comply with cUrr￿l $tstutw rwulrernents and th8 TwI￿rr￿nts oftha M*mNlum & ofA88octh. OBJECTIVES AND ACTMTies Obi8d¥g¥ and ￿m% To aducat8 the putrAi¢ Wal￿WayS aTrJ In pwb"uJlw to •tK(xNag& arKI F*txnots Ihe use ol the c8n81 for the benèfit of the people of Hackney Ihe surrounding ￿nN11¥hO8. To provkje In tho int0rn8ts of w8llar¥ f8dlll•s fr* tkn& foi the poop￿ ol Hackn¢y and 5¥rroundlng comnwJnltias,' t•lng fac41W of ￿ It￿ have need by roa80n ol th61r youth, 898, Inflmifty or dlsablornènt, poverty or Sod￿ and 0(￿￿M* d￿mS￿nces", lo th• ¢Ond￿¢￿S of Ilfe for such persons by promoljng thalr phyw¢81. mentg18rvJ Spri￿181 Public Benefft The trust88s confimi th•t Ihoy hm re1wr￿1 to the gu*la￿• tho Ch*lty CtsnrTthK)n'8 general guldance on public be￿fit and th8 suppl#rnonlary put41c be￿fft qukjanco ts dwrtUo8 InduOD 8dv8nclng roligion w￿n r•vl8wlng th• charftys aims and oblactivos aThJ ￿ plannirva ackn. Plans for FutUTe Peri)d8 We wlll contlnue wlth our ongc4ng kYLig¢ts •rKI Y￿1 ￿¥0 p*tscwto K) the 8etbTrJ ￿ ol a Commw)rfy G•r(1on on the towpath 8$ P8rt of 8 Sty Way fund￿ 1niliati.ve ￿ th8 R•g8nfs C8n81. AGHIEVEMENYS AND PERFORIAANCE 8lgn1ffl￿nt i¢tlvltl•8 Aetivllies Activ￿leS carried out in th18 financi81 FWK*J h)ckwJ• tho ft41tr*lng'. Due to th& continuad Impact ol Ihe CO￿d.19 pandenkn ￿ havg ncl b•w •blo to c•ry rArt ow ful rangg of a8 th all invc4vè pubuc P8rfiopaUon, excepl tha lollowlro wh*h took pbgC*'. Communty colll¢Jh'. May 2022- A ¢orTmunal c•fobralkn wlth darKe mu*dan$ an cwortttrnlty for thè b¢•1 cy)mmunlty to ¢oMect wlth thelr n•kJhtthrn. Clear up day8. to rnrnovg frrmn the Bwln and th• try•. FINANCIAL REVIEW Reser Th8 r85erves pcAlcy Is that et ￿8$1 8 nbJrth¥ eXpW￿re tr) be rela*￿d 88 at In thls finandal pBriod Ihg feserves were coMfc￿bfy abov8 thi$1o¥81. Qoln9 conGern Tho trust888 ar• 8ab8fr8d that chai6ty t￿nI￿r￿e to t* a gohvJ fcYe8ee*40 fijbn. Rl8k A$sessmonl The tru8te•s hava look•J attho rf8k8 and are 8aU8ne•J th•t 8ty hav• 1*on lo them. Canals In Hxkney Usern Group Report of the Trustees Conttnuad For the year endod 30 N0vom￿r 2022 STRUCTURE. GOVERNAIKE AND IAANAGEMEirr Gov•rnlng docwnenl Constltuts'on The Charivs govemirrfj th)wm8nts we ity and fvJddes of A$8(Kisth. ar8 ftve twst8es a8 Ilsted on page l. The ChariV8 cx)n8titrtk)n ]81)a*d on Colleclwe decision making. Th￿e is no leader. dl ¥ffecllNJ the baskn are m&Je ￿￿19Ct￿81Y #t meets"ngs. We alm for consonsus our ded8kn m8knrg bul r8ty on m8jorlty d#r¥vx¥aOc votes Ir th8r8 IE rK> consensus. Thls fomi of dgcldon making can te and wmt*rsrffig Ixrt it upkld5 valuas ofthe CCmn￿nfy IhatebPryC￿e ha5 an oqual say. Thls Systgm rgquir8s that all MOM￿ to res￿ ts decawn nwkirwJ pr(*xs and dwA81￿8 thal tt￿ mod8 whathgr Ihey Bro in 8gregm$nt or Mt. Tasks, rdos and reSpo￿bilit￿ are shrnl out in ¢yder to s￿l80n Ihe AN nw*•rs of the community are r8qulr•d to eontrf&rte thelr bme and lrn• cl ¢hwyt¢ th• ctrfnnwr￿. Govemance and manag8m8nt D8¢idon8 are made collectiv8ty and by Ma￿ at r*. Di3ry datsa for meètings are rnade colecaivety al each AGM in January ts the ensul￿a ￿or. M6mb8rs 8re requlred Its attend al la&8t 4 me6kng8 ￿1. In 8thJ1bC￿ lo Ihg sch*lU￿1 m8eJrvJs any mgmb•r can call an •xtr80rdinary meeung at any If a member w18hes lo call an extmrdinary rneeung. * bast weèks Tr)t*e Is required. All m8mbèrs ean PLIt forward any agenda item llw wi$h ts a meeting. The ageNJ8 * c4roJl#tad tefore the rroetlng. Any mambor c8n add an agenda item al the start of # maèllng, 8(wr* ttorn rtqulr8 at 1888t weeks notice 9.9. naw pèt, grfovance, sub let reque31. Qu(xum 18 6rwle. If no COr￿en5￿ maprfty voJng is u6•J to re•th a Iledslon. Votes are only counted Irorn th088 w•8•nl at th8 Th￿1thg. no proxy ¥ot86 Other by mail or #mall. Mlnut•8 ol th6 Mee￿nI are circul*gd to rnernb8rs within w8eks oftho tjats cl thg REFERENCE AND ADMINISTRATNE INFORIAATION Nam• ot Chwlty Chlrfty r•glitratlon numb•r Company r•glstr•llon nyfflbgr PrlncJp•l ￿dr• 1072335 0347216S 11 Amen Rced N168SB Tru•tM• Th8 tNstÉès and officers Se￿r$ dwlrrfJ thtr ￿ and sh)c6 tho ye3r end ￿r* as lolhJw8'. M8rtg Ggnty Damion Hall Indep•nd•nt •x•rnln¢r drnw M Wells FMAAT C￿n￿r￿[￿re P8rbwsNp LLP BN7 1RS 2of11 Canals in Hackney Users Group Rep(Mt of tho Trustees Contlnued For the year onded 30 November 2022 Aw)rovad by Ihg Board ofTrustees aNI sig1￿d on ts behdfby Marf& G8ndy 3of11 Canab In Hackney Users Group Independent EXaMi￿r$ R•port to the Trustses For the year ondod 30 November 2022 I rep¢Jrt to the Mjstegs on my éxamhwlk)n ofth• acc4)￿8 of ts rtharilable l¥mnp￿ tsthe yeargThJwl 30 No¥*mber 2022. R•8poMlbUI￿•S b••l• of r•port AS the ch8rity T￿Slee$, atso dlrerlors for the purpKw of company knv. arg rasp￿Sible for the wepar8tlon of th 8ccounts H) aCLt)rrlance wth tho requiremgnts olth* Qxnpani&s Act2LIX (th¢ 2CIJ6 Arf). Having satlsfjed myself that th8 acajunts ol th& Cc¥mpany are wuirad to be audtted under Part 16 of tho 2W6 Act and @re oli9ib18 for independent examlnaUon. I f8f*Xt h res￿ of my ￿￿na￿on of y(MJr thariws ac(y)unts carried out under secwon 145 01 th8 Cha￿10s kt SJ11 fthe 2011 Adl. In my ex8minalion I have foMtrA*d the Diroctions gI￿n by the Charity Commisskjn [￿mIer sectic¥) 14515Mbl of ts 2011 Prt lndop•nd￿t exomln•Y• Jt8twn•rrt I hav• completed my examinab'on. l (xthm that Th) mattws have to my 8tt•rdth In t￿nectiOn Vhh the gxomlnatbon glthg m8 causo to b8lleve that in *)y mal•tsl vwec 1. o¢eountlng r8cords k8pt kn res￿ ofts a8 rnqulrod by 80c*yt 386 of Iha 2(Th A¢ + 2. thè aecountg thj not 8c%ord whh th08e record5'. or 3. the acctyjnls do not ¢xJrnpty wlth Iho rnquir8m8nts Lrf8e(*on 396 ofth? 21Th otMrth8n any reoLMrgmgnt that th• accounts glve a Irua and fair vithv whKh l¥ I￿1 a matter as Part ol an InLlopenden¢ examlTradc￿", L¥ 4. the accoun18 have not been In ac¢old8r￿ wilh ￿ mglhods and winwes ofthg Sta*&m8nt ol Recornmendgd Practice for 8ccy)unt'ro and rèportT'ng by chadtw to tharilies pr8panr¥J thw'r 4ecou¢*a in aly￿rdance vAth thè Fln8ndo1 Rop)r￿0 Stsndard 8FW*4t40 In Ihe UK and RepuUk cl Irdand IFRS 1021. I h8ve Th) cont•ms 8*d havè rm)8 8UO88 Th) other rnattafs In (winKtkn Iho •xamlnatlon to att￿MOtt shtsukl b• drawn In th18 r¢ptyt In order to oneble a woper und8r51andw)g of tho a￿oUnts to b• rthxhed. M Wells FMAAT Counlorculturn Partnw8hlp LLP 99 W*s¢ern Road Lew$8 Ea8t Su6S8X 8N7 1RS 4of11 anal$ In Hackney Users Group Stat•mant of Financial Activities (Includlng Income and Expondlture Account) For the year ended 30 November 2022 Unrostrlctod funds 2021 Incorne and ondowm¢nls from: Donations and legacios Investrnènts 30.439 12 29,359 Total 30,451 29,361 Exp•ndltur• on: CharbtabK8 activ￿ Total (29,4971 129,491) 136,5421 (36.5421 N•¢ Sn¢+)mol•xp•ndltur• R•conclll•tSon ollund• Tolal lund6 brou*1 fr¥wafd Totsl lund• ¢arrt•d forward 17,1811 65,786 86,746 72,987 85,786 5of11 Registered Number.. 0347216S Canals In Hackney U$eYs Group Ststsment of Financial Positlon As at 30 Novembgr 2022 2022 2021 Debtor8 11 465 68,701 67,166 14201 4.710 61,496 86.206 14201 Cash al bank #NI In har CY•dltor•'. •moynt• falling du• ¥Athln •)n• y•w 12 N•t curr•nt ••••t• 86,74fj 88,740 65.786 6S,786 Totsl aM•ts 1•85 cuwrnnt IlabUItI•• 86.74fj 65.786 T￿ Iuhd* ofih• t￿rfty unrestr￿t￿ b)ccmo fvnds 13 66.746 65.786 Yotal lund• 68,746 85,786 For Ihe ygar ond•d 30Nov•rnbor c4wny w88 wthled lo frThn audtt S￿￿on 47701 the Comp8nS88 A¢t 2006 raFaUng lo smal comp8rUg& The m8rnbers ha¥• not reqthd lh8 curyary to an wjdtt of for tho yw kn qugsuon In oceord8nce with 8ecti¢M 478. The tru8tees •tkntAedg• th￿1 Mspry￿￿1IIllQ8 for eempMryJ vAth rwuW•m8nts of ts A(1 rtbp•et to accounllng records and th• pr8par8Uon of acc¢Junts. Thèsé aX￿￿ts havg bo•n prepar•a In wlth th8 provl$iong #ppllcobb to eompanl06 8ublec* to Il* Imam cthmpanth. f•JNn•. Th nnancld •tat•mwts ￿[& apwoved aFKI Mull￿ for IBoug by lh8 Bo¥d atwj on rtj by.. Marl8 Gani151 Tru8tO0 6rA11 Canals in Hackney Users Group Noles to the Financial Statements For the yoar onded 30 November 2022 l. Ac¢ounOng Polld•JJ Basls of accoun￿n9 The fu)anci815tst8ments have beon preFOred underthe hlstorical crffjt rA)rNentkn. except lor investrnenls wh￿h 8r¢ I￿￿ded at m8rket vdue and the revaluation of cwtain ftwp meets tha of8 wbk b￿efft •ntity LMd8r FRS 102. Asset5 8TrJ Ikqbi1111o$ are itsalty recognised at hISto￿al fX)s¢ or transac*cffi valu8 unle86 olherw.se st8t8d In tho Tdevant alr￿UntIng poliw notelsl. Golny ¢on¢•m Fund• The cha￿ty malntsirn a 9enorn1 unr•sththd fu￿ ¥hkh reixeswts luThJs are exp￿d￿tI• at the tha tru¥tses In fvrther8nc• of thg objects of th• c*arlty. Suth fvnds may be hdd on c￿dertO fin8rKe both working ￿prtaI and eawtsl invoBlmgnL D08Ignat8d funds o)mprkn of ￿r•strIC￿ fuTrJ8 Ihat 8•t os•J• by Ihe TnJ8tO88 for Purpo￿8. Restricted funds havt been provld8d lo ¢ho1ity for p￿o￿L91 i8 the of Ihe tr*)ard oftrusttss to carofvlty monitor th• 8WKabon of ItrKA• fiJrKl¥ kn acoyd￿ Ihè r•8tricth FdaL*d them. There18 no formal pcllcy oltran8f•r fuTrJs or on th• alkncalkn of to d￿Ign•t*j fiJnd$, othw than t￿1 de6crlbed ats) In¢omlng f••ourc•• 1 SncornlThJ reBource8 Af• Indudod In IIKry 8tatement ol finano•l vthan Iha Ch•rty IB enl#8d to th• in¢¢)m8 and tho gmount can be wNh roa8onth a(ancy. R••oure•8 •xp•nded Ll8bllltKgS are recogn1￿ 8t resowces there Is 8 IW obWtiM {K￿rnttUng thè Charlty to th8 aXFendlture. Expend￿Ur• 1$ cl88$ffi•J und8r lh• acfft h•8dwos.' Coats of ral8ln9 rylale to the LVBIS IrKurrwJ by rhe cnari¢8t* ¢(*Ywny kn IwKludro thtr(I p8rN•8 to make voluntsry contributs'ons to tt, as wèll 0$ the cr￿1 ofany ac*wtsos wllh a f￿￿Ta&S*r￿j purp089 Expendlture on c*orltAb￿ sctNitse8 tho uNlerleken to further the purposes oftha thailty and th81r assocdal8d supwt Costs Other gxponditure r8preBents I)￿$0 6t•m falrvj Into any thr Allo¢atlon thnd *ppolntm•nt ol ¢o¥ts Support Costs are those fUnCtK>￿ thal aB818t the *Drk oflhg (*artty but do Th)t dlroclty U￿￿rt#ke dwri18b￿ JctMt18S. Support costs may indude any offic• costs financ•, pewMe( pByrdl 8nd gov8m8nc* o)sts which SLSPPOrt tho thaMl8s programrnes aThJ athvilies. Th8se t￿$ have ba8n akntgd beh¥o•n east ￿ Trising funds and 8xpenditure on tharltable acllv1118$ whgre applSc8blB. The tr*ses ￿ t•hlth ojsts have bty￿ aucKat￿ are 6et wt ￿ th8 notss to th8 accounts. T•xa¢lon As 8 rogist&r8d tharlty. the c4)Thyny is exempt from irKome tax to th8 exlent Ihat its In(￿)me and gah)g 8r8 appll¢able lo ch8r5tabl8 pwses only. Value A(kled Tax ks rK)t re(x)Verab￿ by the company, and 15 therafore inclu¢Jad in 1he relevant costs in thè Statem8￿ of FinaF**I Pany Ilrnltod by 9U•rnnt Can￿S in Users Group ￿ a o)nwny I￿l•j by gugr8nto• * •C