Charlty numbar: 1072335 Company nurnb8r: 03472165 (England and Wal08) Canals In Hackn•y Users l>oup Report of the Trustee8 and Unaudltod Flnancial Slatements For th• y•ar •nd•d 30 NoV•Mr 2023
Canals in Hackney Users Group Contsnts Page For th8 year ended 30 Novèmber 2023 Report of Trust8•8 1103 Independ8nt Examknerfs ReFKJrt tr) th& Tntstees St*•mont ol FInan0 hthitig¥ Slatempnt ol Fln8rK4d PrAM Not•8 10 ts Fwwncial Statenwnts 7t0 11
Canals in Hackw User5 Group Roport of tho Trustsos For the year ended 30 November 2023 Tho TnJsto9s, arg aLw dir5 ftjr Il purr#)ses of wnkWy 18, F4gaBure in PTes8nUTrJ tNr rgport and th& flnancl81 staternents for the thwtst49 company for thg y eThJ1 30November YJ23. The Truste6s hav8 adopted th8 provisions of Accounts'ng R8porbng by Char[1.. Statement ol R8comm8ndad PracJK applLable to charftios prgparing thèir 8eeounts In a(an(% wilh ts Fina181 Repcthg Standwd in the UK and the RepU1C of Ir¢18 IFRS 1021 leffective 1 January 20191. OBJECTIVES AND AcTrvmES To educate Ihfr public thul inland walern5 8rMI kn wtKxd8r lo •Koursgo and WDfTb)ts the use of the canal for the b8nefil ofthe people ol Hackney anij the surrtyJndw)g eommunjks. To provlde In th8 Intar8sts for r8tsB8tsn and (knr Im8 OPP)rtunths lor tha peoplè of H4ckn8y and surrounéing eommuni1Tr88,' beThJ fa11188 of wCh 11Tho por5 ha¥0 by roag)n ol thoir youth. 890, infirmily or dIsabnnI, Foverty or soaal and L¥K)MiC ¢MSTances.. to lryro¥e thg wxlil¢ons of IKe for Such persons by prornobng their physical. m8DtsI and spirknal Obl•ctlv•• •nd •lm• pu1¢ Benefit Th8 tnJJtee¥ that tw hav• r•f•rr•J to lh• curtalMJ In th• Charfty ComrTIs8Jn'8 98naral 9uklanco c public benefit and tho supF4ementary putlk benefft guhJ8nce for ¢hpribp¥ alms indud8 advandrKJ relSgkJn who reviewng the chAntys almi #nd objtichv85 and In r4anning firtwe acfvitles. ACHIEVEMENTS AND PERFORMANCE Slgnlfl¢8nt o¢tlvlll A¢ttIeS cArrI out H) th ffinarKK81 perkrfj IndL¥le tho Ic4kthTrJ.' Labumum 8oat Club A6 well as regular donatlons to thbs choFIty. 8labyn wecod in KiWTrJ Basln xl that thay could run Bn Inter dub kayak event at May hawlorm 2023. Cttildran wlth Volcos We prOed goggles hbts ond •An1rj etsJturn•s frjr Midgy ¥vAmmffw le88 th Chlklm Vole44 a ¢hlldrnn CharY, In July 2023 Day long muslcal ev•nt This 8venl was h•kl In Aprl 2023 and was offJÈni8•J in ¢olpborob wth SbJnattJr• br Hag38rston. It rais•d mongy for a surnm8r paddllng and swlmmlThJ camp org8nlsJ by Labumum 808t Cb and also Children Wlth Vokeg. DefibrSator fr81nlng W8 provioled Irw dofib tralilng lty IsId• eaneé e•ntr• 8th M&rth 2023 fijr #tsff and ni8r8. CK88r up da. to remove rubbwh from Ilhry 808kn •r•J tho 8uryrJJndirKJ tow FINANCIAL REVIEW slgnlllunt •v•nl• Fn6 for Futur8 Porfod8 We wlll continuè wth our orwlng projects and wil alBo pwUdFth In the gatUbYJ up of a Comuntty Garden on the towpa as parl of a Sky W8y funding initisbv& Rerf$ C81. R•••rv•• The reserve8 kM)loy is Ihot at le851 6 rrnnths eXFenditwv to be retd 89 reswves at al tKn•s. In this financsal perfod Ihe res8rw88 were rortablY ot*)va 1Ns lovel. Golng COnM The trusle8s ar8 $8IBfied that the ¢hwty Conlin to b• 8 wno ts)r tor th? hJre. Risk AS$&Ment The trustees have kts)kod at thè rW WKI ¥attsfth I1¢ sle[6 been takw) to male them. 1 of11
Canals In Hackney Users Group Report of tho Trustees Continued For the year ended 30 November 2023 STRUCTURE, GOVERNANCE AND MANAGEIIENr G0mIng documont Constllulbn Th8 Chafity's gov8ming (knwm8nts arè its m8rn0ranCAl and Artk of ABscthllon. Thera are fiv8 tnJ8t888 as Ksted on P898 2. Ch8rity$ is bas1 on pfirorkn.. Cojlecb'v8 decis maki. There is no leader. al affecti th8 b8sin we m•Je collectively 8t rn99ting8. Wè 8im for Ix>r6ensu$ In our derasKffi rnaking tart rely on mAkffji de¢TwaJc vot88 rf th8r8 Is no (x)nsensu5. Thk8 forrn of d8C151on making be skw and curnbersorre lyjt it upk4ds the values ol tho cornrnunity Ihot •v•ryMo h•s On èqual say. This sy¥tgm wuire¥ that 411 rn8mbw¥ ro¥Jgd drfywt ming aThl tha decffjlons that are mado wh8th8r thèy ar8 In 8gr88m•ni noL Tasks. roles and respM)nsitslllie8 are shared cwl In to suain Ihe ojnrnunty. mernber5 of the CLynmunity ora r8qulr•d to contrfbLrt• Ih•lr aThJ 8rgY fr•8 ofdwg• to 5Uslain th8 t%xnmLH)Ity. G0v8mBre and rron8ggrnent Decisions arg made colleclivdy aTrJ ty rnajmty Diary dates for m8el'r4Js are made tx4W' at eath AGM in J8nuory for thè ensuiNJ y•af. mamr5 are required to attend al 1088t 4modlng8 per year. In addth.on lo t moèlinos aty m•mber can 8n extraLYdinary m8e¢iw 8t any me. 11 a rnernber wlshe8 to Cal an gxtraL¥dln8ry ma0j, 8t loast we8ks notlce is requed. Members can pul forward any ayenda itwn thoy wish for a ntsYJ. Th• agenda ts uroJIa weeks before the Mee9. Any mgrnbor ¢an add an agenda tt8rn at the start ol a mtt•lNJ. dllwh scm• Aemi wulre at least tsvo rnlke e.g. new pet. gdev8nce, sub let rtsquo8L Qu(wum 18v81 i& 6pwJplo. If no fAywrKqu8 i& reac•l maJNty voljng 18 used to rojch a dedaon. Vote8 8re only counted from th08e pre88nl et Ihe rrwlr8. Thw• 4r9 pmy vot•8 elthw by man or 8mall. Mlnulo6 of the mgeung arg CIrcaled to rnembers wSlNn wg8k¥ of th8 dats of th8 mèèlkng. REFERENCE AND ADMINIsTRATr INFORAIATION Nam• of Chfyrffy Ch•rlty r•BS•tr•¢lon numb•r Comyny r•gl•tr•tlon Nmber Prln¢lpol a(klrn Can In Uaws G(oup 1072335 03472185 11 All Rc•d N16&88 Tru•t• Thg truste gnd offlcws 88Mng ¢Jurkng yr and 8lnc• tho end 88 fclcmg.. Marfa Gandy J•mos HlOn Damrdn Hal Ind•p•nd¢nl •xamlner knJr*AT 11 W8ls T Countwuthir& Partnership LLP Unit 115 Duoe M12JW 2of 11
Canals In Hackney Users Group Report of the Trustees Continued For tho year ended 30 Nov8mb•r 2023 Appmved by thè 0fTruSt 8TrJ stgned its bth*F by 29 July 2024 Marla Gandy 3of11
Canals in Hackney Users Group Indepèndent Examlners Report to the Trustses For the year ended 30 Novamb•r 2023 I rèport to the trustws on my exarnlnath)n ofthe tOJnts ofthè dwirablè o>)rnPBny forthe year ended 30 Novemb 2023. Rwpon$lblllll•¥ and b1 ol As the chartty Twstees. who a alg) direclors lor the wrp)ses of company , arn fesFY)n&e for the PTtsparab'tsn ol thè aceounts In ac)rdar wfth the rgqulrernents ofthe Companies A(a 2C(hS fthe 20( AIl. Having sat55fEd rryseir that the accounts of the Compary are Thjl required lo be audlw under Part 16 of the 2006Acl and ellgible for independent exaffln8tic. I report in of my exarninan of your rtharity's aC)unts carried out under secllon 145of th6 Chae5 Act 2011 2011 Arfl. In cgrry1 my WmiltIon I hgv• folknvgd DIrecon$ glven by tha Charity Comrnlsslon underseclkn 1445Xb} ofthe 2011 ACL Ind•pend¥nt ox&mlner4 statfjrn•nt I h8v8 complgtsd my ¢xomin8tK>n. l nrnI Ihat mattw8 hm txmtr my #ttont irt cfjnnocb wth the ex8rninatv)n ng m8 cAus• to bdlwè that kn 8ty mat8rf81 r 1. accountlng r8cords were not bpt in re¥F ofthe Cwppry as lBguiI by xon 386 of Ihg 2C¥)6 &. OT 2. tho accA)unts do not acwrd with thos8 r8oJrtls: or 3. th& accounts do nol compty rewlrannts crf 396 dtho 2fJJs knt otherlhan ony requlrnment that th accounts gfvo a Yruo and latr vw/ which os rKJl a matlef consiJ8rod as part dan in¢Jepondoni •xaninatiM". or 4. the accounts h8ve not been prgp8red in ¥wanCe with thg and pmrirAes ofthe Stalernenl of Recommendgd Pr8CtIc8 for arLountlng and r8rKrt'ro by (knrlties apr4cabl8 to car(tk88 preparing arthunts In AtrLordanr wth Ihe Fingncial R$pn9 Sland8rd 8ppl*•bkn in the UK RewL4k of Ireknnd IFRS 1021. I hovg no conc8m8 and havg ¢ome acr no other mgmofs in %Mth lh¢ 8xaminath?n to attention SIUld be dr8wn In thL4 report In olderto •n8Uè 8 prtpr u1r$I#ndkYj thts Snts to be Andrew M WalL8 FMAAT Countarculture p3rtrhIp LLP Unit 115 Ducle House Qu¢io Sire¢l M8nchè¥t•r M12JW 29 July 2024 4of11
Canals in Ha¢krny Users Group Slalemont of Financial Activities {includlng Income and Expenditurn Account} For the year endod 30 Novembar 2023 Unr••trldod 2022 Income and •ndowmJgnl¥ from.. Donatlons and legacles Othar trading aCtIteS Investments Other Sncome 50,825 1.755 428 14,000 30,439 12 Total 67.008 30.451 Exp•ndllkbro on: Raising ftjnds Ch8ri18bk8 a¢tivftles (78} 128.2031 {28,2811 129,4911 12è,4911 Tot•1 N•¢ Incor 38.727 960 R•conclllatk*n of fund• Total funds brough¢ forward Total fund¥ carri•d forward 66,746 105An 65,786 66.746 Sof11
istèred Numl)èr'. 03472165 Canals In Hackney Users Group Statement of Flnanclal Position A5 at 30 Novemb8r 2023 Not08 2023 2022 Currènt a88et8 Dtsblots 497 108,029 108,526 13,0531 465 68.701 87,166 14201 Cash 81 bank and in hand Cr•ditOWs.' 4mountg falllno du• withln ona yoar 12 Not current a889ts 105.473 105,473 66,746 66,748 Total u4oets lo•• ¢uffBnt Ilabllhlea Net a¥8Ot8 105,473 88,748 The fund8 of lh• ¢horfty Unr8$tricled Inci)m8 fundB 13 105,473 66,748 To¢•1 lund• 105,473 66.748 For th8 y8gr ended 3ONoVb&r 2023thè company wa8 8ntll8d to 8xamptlon from audlt under sectlon 477of the Cornpanl•s Act 2006 r8latlng to 8mall compan. rhe rnembers h8vè not wqulred the CLJmpany to obtsln an audll of accounts for th8 ar In quesllon In 8ccordance with 8eclion 476. Th• trustèos 8¢knowledge thelr raswJn8ibillUè8 fu comptying wlth lh• wuir8m•nt# tsf the Act wllh r68P8Ct to aeeounting records and Ihe pr8paraUon of accounts. Thosè acwunls hav? been prepared In 8cwrdgncg lh8 provlslons apFAicabl& to companN8s subject ¢0 the 8mall Mpani•s. ro05rn8. The flnan&81 statements were gpproved and authodsed Ic*198uo by tho B08rd Ènd algned on ts b8haif by. Maria G8ridy Truste9 29 July 2024 8of11
Canals in Ha¢kney UseryJ Group Notes to the Financlal Stalements For th• yèar ended 30 November 2023 1. AOuntIng Polkl• BaJis of a¢eountln4 Th6 financkil slat8m8nts have b88n FKBP8r8d urKlèrtho hisio(Ka (£6t cKThention, o¥¢eptlrA investrn8nts whith ar8 inthded at T[rket V81u& and Ih8 rev81uation of certain fixe¢J assets aw1 Yth the Chairti88 SORP IFRS 1021'Accounty"ng and Reporting by Chari'¢8'. Statement of Recommende4J Practhx appb'(able to ¢h8rib88 preparing thalr accounts in accord8nce with the Financk81 R8portirwJ sr)d8rf apr4cable in the UK and Republic ol Ireland IFRS 1021 (effective 1 January 20191.. Financaal Repcrfl¥ig Slandard 102 th8 Finaiwial Rtwrtjng StAndard aF)IKabl8 in tho UK ar RepU1c of Ireland {FRS 1021. and the CA)mpanigs Act 2(. Cano18 In HeneY U88r8 Group meets Ihe definIth of o pui tywfft under FRS 102. As88ts and li)illI6 are Inltkqlty recogn18 81 hBtorlral o)st or Un cthp•th 8tatsd In th8 relevant rAlcy nots(sl. Q•ltJg eon¢•rn The flnancial ststenwnts are rwared. on a 1rrfj tsJncAm th)derth8 hkntort1 ¢))8t ojnveth. Fundi The charfty malntsins a erra1 uNestrlded fr11 thIch reprgsents funds whth aT& eXndth èt the dlstftrtSon of lh• truste8S sn furtherance oflh• ofthts th•nty. Suc frjnds nw In order to fffjance both wortjng captsl and c8th¢81 Investm8nt. D¢gnated lun(ts cornprfse cl unr8str1ld furthjs that have been 8etaskle by the TnJBtegs for partJ1&r wrposej. Re81rfcted funds have been wovhded to the ¢hority tr pCUlAr purpo8è8, and rt Lg tha ofthè bod of tru8t8e6 to carefully monltor the applKatk)n of thoBe fundB in acrthancs the rtth'ctbjns placèd them. There no forrnal pollcy of transler betten fuTrJs or the albxsoon cl fuThJ$ to funds. olher than that d88crib8d atx)v InmIn9 r••ourc•• All incoming r•sourc•s ar8 indudod in the $18tement ol finend81 athtl•¥ whn th¢ ¢ty 1$ •nllW to th? Income and the amount tan bè quan1ffi reasonat4ts a¢. R•sourcf¥ gxynd•d Liabilitie8 8r8 r1¥&d 8$ rnsour eyTrJad Ih8rn19 8 18gd (Y CLW1¥0 obligMb LX¥7)mrtbng thè Charity to thg ¢xp¢nditure. T•x•llon As 4 r8gistgr8d charity, th8 cornpany Is oxempt frcm inccme and lax io Ihe ext1 that 118 inccwne and galnB ar• applkabla to chadlable puws 0y. Vakn IAd8d Tax Is not reo)verntle by the cunpany, and k8 therefore inthded in relovant costs in th• Stat•ment of Fnancial Acbwb80. 2. Income from doTratlon* and leg•GIo5 2023 2022 Unre5tr1¢t•d lund6 Donabons receNed 50,825 30,439 50M25 30.439 7of11
Canals In Hackney Users Group Nole8 to the Flnancial Statements C¢mtlnued For tho y•ar and 30 Novombor 2023 3. Investm•nt Incom¢ 3022 Unre8tdcted fund8 88rkk Interest recwaLI• 428 12 12 4. Oth•r Incomg 2023 2022 Unr•8trf¢t•d fun Other Incom 14,CX) 14000 6. ¢0•ts ol Gh•rtt•bl• •GtlvlilM by fund t*p• 2023 2022 Vnr••trl¢t•d fvnd• Encouwing of can SuppK)rt costs 1.750 26,453 150 29,341 28,203 29,491 6. Colts 91 ¢h•rltabkn actMIIM by a¢tMty typ SuppDrt 2023 2022 SuppDrt co•ts Encouraging uso of eanal 1.750 20,453 28.203 29,491 7. Analyrsl• of Support co•ts 2022 Encouraging u8• of canal Managonwnt Govemanco (x)sts 23.584 2.869 26.136 3.205 2Q453 29.341 80111
Canals in Hackney Users Group Notss to the Financial Statements Continued For tha yèar ended 30 November 2023 . Net Incom1•xpedI1ur) forth• y Thls Is stated after charghty{credlngl'. 2023 2022 AcLX)untsncy fges 720 420 9. Trust¥ r•mUn•rn¢jn and rnld p•ity trM¢lkn The charfty tru8te•s wam not pekl focfv8d any ¢thwbenefft8 from eMF1)0Thf wNh the thanty In thè ytw12022.'£nill. No ch8rlly trustee reeeNed paymenl lor profosslonal or rAher WJkWl&l to the tharty12022..Ènlll. Th8 tru8teeg all give freely Ihelr tim$ 8Th4 expwtyse vthmut èny lorrn of remuner8tw oroth•r th•fit in cash ty kind12022.£nll. Trusle6s' oxp8nw r•pr•sen18 th• paynI ty rwfflburnomwrt ol Iravd and co9 totslln9 £nl12022:£nll. There ar• no r•lgtod porty tran8actKJn8 to 202312lY22.TrJ. 10. Cornpar4tlv• fortP• St•t•m•nt of Fln•n¢l•l A¢iMtI•• The coryar8tfv8 ya8rvaluo8 on stst•m•nt of Finono4 AcM•s ar• tr ur•thctod fvnd8. 11. D•btor• 2023 2022 Amoun1• du• fAthlt) on• y•w: Prepayrn•nts and acrxLd inccY• 497 405 12. ¢r•dllor¥.' amounts falllng ¢ue wrthin one y•ar 2023 2022 Other ¢dItOrS 2,333 720 Acwals a1 deferr8d IrMe 420 3.053 420 9of11
Canals in Hackney Users Group Notss to tho Flnanclal Slatements Continued For tho yèar énded 30 Novombèr 2023 13. Mov•m•nt In ftFnd8 Unresldcted Fun Incornino 0111212022 wBsour¢o• Outgolng r•sourco0 Bo1on¢e at 3011112023 Genèr•1 Gener81 66.746 128,2811 105,473 16.746 87,008 128,2811 105.473 Unrastrlct•d Fund•- Pr•v10 yr B•l#n at 0111212021 In¢omln9 Outyolng rosourG•s B•knnc• at 3011112022 General General 65.786 30,451 129,4911 6e.748 30h51 129,4911 18,746 14. An•ty8Lry of n•t ••••ts b•lwM•n lund• +kt eyry•nt N•tA•••ts Unr•trl¢t•d Gene1 General 105.473 105,473 105,473 105,473 Pr•¥lou8 year Nt¢rI N•tAs•ts Unr••trlctod fund• Gener&1 Genèral 66,746 66.746 66,746 86,746 10of11
Canals in Hackney Users Group Notes to the Flnancial Stst8ments Contlnu For the year ended 30 Novamr 2023 1& Cornpany limit•d by 9uarnnt•• Canals in Ha¢ney U88r8 Grwp 18 a Irjmray Imrttsj by gwalte8 aThY doe8 r¥)t havg 8 (pW. 11 cl11