Charity number: 1072335 Company number: 03472165 (England and Wales) Canals In Hackney Users Group Report of the Trustses and Unaudlted Financlal Statements For the year endéd 30 November 2024
Canals In Hackney Users Group Contents Page For the year ended 30 November 2024 Rep)rt of the Trte8S 1to3 Independent Examinerfs Report to the Tnjstees ststement of Financial Activities Statement of Finanoa Position Notes to the Financia Ststements 7t011
Canals In Hackney Users Group Report of the Trustees For the year ended 30 November 2024 The Trustees, who are also directcffs for th8 purposes of mPa law. have pleasure in presenting their report and the financial statements for the charitable company for the year erKled 30November 2024. Th8 Trustees have adopted the provisions of Accounting arKJ Reporting by Charities: Statement of RecommerKled Practice appIable to charilies preparing their a¢nts in acrDrdance wlth the Financial Reportlng Stsndard applicabte in the UK and the Republic of Ireland {FRS 102) (8ffective 1 January 2019). OBJECTIVES AND ACTivrriES To educate the public about inland wateTways and in particular to encourage and promote the use of the canal for the benefit of the people of Hackn8y and the surrounding communlties. To provide in th8 Intsrests of sod81 welfare fadltbes for recreation and other leisure time opportuniti85 for the people of H8ckney and surroundlng communities" being facllities of which those par50ns have need by reas¢)n of their youth, age. Infimiity or d188blement, poverty or social and economlc circumstanc8S,' to improve the corKlitions of life for such persons by promoting Ih8lr physic81, mental and spiniual welH)eing. ObJoctlve8 and alm• Public Beneffit The trustees conflm that they have referred to the guidanc8 contslned In the Charfty Commlsslon's g8neral guidanc8 on public beneflt and the supplementsry public l)en6fit gutyJan¢è for charitigs whose aims indude advancing religion when r8vi8wing the charity's alms and objectives and in planning fvture actrvitses. ACHIEVEMENTS AND PERFORMANCE Slgnlficant actlvltl85 Activi1188 carried out In this finan¢i81 p8rfod Indude the following: Labumum Boat Club As well as regular donations lo this thaiity, slak)m pol88 were er8thd in Kingsland Basin 80 that they could run an inter club kayak event at May half temi 2023. Chlldren with Volces We provlded goggles hats 8nd swimmlng costumes for holiday swimmlng lessons vAth Chlldren With Volces, a chlldren'8 h8rity, in July 2023 Day long musical event This event was held in April 2023and was organised in llabOratIOn wtlh snature brew H8ggerston. It raised money for a $umm8r paddling and swimming camp organised by Laburnum Boal Club and also Children With Volces. Defibrfator Training We provided free deflb traSning for1è8sld8 canoe ¢entre 8th Marth 2023 for staff and volunteers. Clear up days - to remove rubblsh from the B8sin and the surrounding towpath. FINA14CIAL REVIEW Slgnlfl¢anl ovents Plans for Future Pertods We wll continue with our ongoing projeds and wlll also partidpate in the settin9 up of a Community Garden on the towpath as part of a Sky Way funding initiative for the Regenvs Canal. Reservos The rès8rv8s policy is that at least 6 months eXpendire to be retsined as resep4es at all times. In this financial period the reserves were comfortably above this level. Golng concern Tho trustees are satisfied that lh8 charity wsll wntinue to be a wing nc£M for Ihe foreseeable future. Risk Ass8ssmenl The trustees have looked at the risks and are satisfied that steps hav8 been taken to mitigate them. 1of11
Canals in Hackney Users Group Report of the Trustees Contlnued For the year ended 30 November 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng documont Constitution The Charity's goveming documents are its Memorancdum and Artides of Ass1$8ti0n. There ar8 five trustees as listsd on page 2. The Charity's o)nstitution is based on the followin9 principles.. Collective decision making. There Is no leader. air decisions affecting the basin are made colledively at meetings. We aim for consensus in our decision making but rely on majority democratic votes rf there is no consensus. This fomi of decision making can be slow and cumbersome but it upholds the values of the communlty that ev8ryone has an equal say. This system requires that all members arn to respect the decision making process and the decisK)ns that 8rg made wh9ther they are in agreement or not. Tasks, roles and responsiblllllès are shared out in order to sustsin the communlty. All memb8rs of the community ar8 requir8d lo contribute their timè and energy free of tharg8 to sustain the ¢ommunlty. Govemance and management Oecisions are made collectlv8ly and ty majority at me8tings. Diary dates for meetings are made o)Ilectivdy at each AGM In January for the ensulng year. M8mbar8 arè r8quired to attend at least 4 meetings per year. In addltlon to th8 schéduled meétings any member can call an èxtraordinary meetlng 8t any time. If a m8rnr wish8S to call an extraordinary meeling. 8t least weeks notlo is required, All members can put fopNard any agenda item they wish for a meetlng. The agenda is ctrculated Iwo weeks befo the meeting, Any member can add an ag8nda item at the stsrt of a meeting, alihough some items require at 18ast two weeks notic8 e.g. new p8t, griavance, 8ub lel requesL Quorum lev81 Is 6 peopl8. If no consensus Is reached maJortty voting Is used to rè8Gh a d&cs1on. Vot8s arg only counted from those present at the meeting. There are proxy vot8s either by m811 or emall. Minutes of the meetlng are clrculated to members wrthin two weeks of the date of the meeting. REFERENCE AND AOMINISTRATIVE INFORMATION Nam0 of Charlty Charlty rogl8tratlon nUMr Company roglstratlon numbor Prlnclpal addrn88 Canals in HaG%n8y Users Group 1072335 03472165 11 Allen Road London N16 8S8 Trusts•8 The trustses 8nd officers serving during the year and since the year erKI were as folbws.. Mari8 Gan(ty James Hewson Darren Coulson Damian Hall Rlchard Metson Indep•nd•nt oxamlnèr Andrew M Wells FAAT Counterculture Pathership LLP 23 St Leonards Road Bexhill East Sussex TN40 1HH 2of11
Canals in Hackney Users Group Report of the Trustees Contlnued For the year ended 30 November 2024 Approved by the Board of Trustees and sign8d on its b8half by 27 May 2025 Marla Gandy 3of11
Canals In Hackney Users Group Independent Examiners Report to the Trustees For the year ended 30 November 2024 I report to the trustees on my examination of the accounts of the charitable company for the year ended 30 November 2024. Responsibilities and bas1$ of report As the charity Trustees, vA)o are also directors for the purposes of company law, a $FnsIble for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (e 2006 Aci'}. Having satisfied mys8lf that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examinab"on. I report in respect of my examination of your charity's accounts carried aut undér section 145 of the Charities Act 2011 (Ihe 2011 ACVI. In carying out my examination I have followed the Directions given by the Charity Commission under section 145(5Xb) of the 2011 ACL Ind•pendont examlners statement I have completed my examination. I confim that rn matters have come to my attention in connection wtth the examination giving me cause to believe that in any material respect: 1. accounting reojrds were not kept in r8spect of th8 Company as required by section 386 of the 2006 Art or 2. the accounts do not accord with those records: or 3. the ac(xJunts do nol compty wth the requirements of section 396 of the 2006 Act other than any requirement that thg accounts give a Irue and fair view which is not a matter ca)nsidered as part of an independent examination; or 4. the accounts have not been prepared in acwdance wtlh the methods and principles of the Statement of Recommended Practice for aceL)unting and r8POrting by charities applicabie to charities preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK arKI Republic of Ireland (FRS 102). I have no ¢oncems and have come across no other mattws in (wineotion wth th8 examinatlon to which attention should be drawn in this report in order to enable a proper understandirKJ of the aGcounts to bo reathed. Andrew M Wells FM4AT Counterculture Partnership LLP 23 St Leonards Road Bexhill East SusS8X TN40 1HH 27 May 2025 4of11
Canals in Hackney Users Group Statement of Financial Activities (including Income and Expenditure Account) For the year ended 30 November 2024 Not08 Unrastricted funds 2023 In¢oma and endowments from: Donations and legacies Other trading activites Investments 61,829 50.825 1.755 428 14,000 920 350 Other income Total 63,099 67.008 Expondltur? on: Raising funds Chadtable activitl8S Total (6241 {46,926} (47,550) 178) (28,203) 128,2811 718 Net Incom• Reconclllatlon of funds Total funds brought forward Totsl funds carrled forward 15,549 38,727 105,473 121,022 66,746 105,473 sof 11
Registered Number . 03472165 Canals in Hackney Users Group Statement of Financial Position As at 30 November 2024 2024 2023 Current assets Debtors.. amounts falling due within one year Debtors: amounts falling due after rrmye than one year Cash at bank and in hand 14 14 3,750 4,473 117,992 126,215 (5,1931 497 108,029 108,526 (3,053) Crfrdltors: amounts falllng due wlthln one year 15 Not current ass•ts 121,022 121,022 105,473 105,473 Totsl ag80ts1oss curr•nt Ilabllltlo• Not 8880ts 121,022 105,473 Tho lund8 of the chaflty Unrestrlcted income funds 16 121,022 121,022 105,473 Totsl fund8 105,473 For the year ended 30November 2024the company was enlltled to exempfjon from audft undèr 5oCtion 477of the Companigs Act 2006 relating trj small o)mp8nies. The members have not required the company to obtsln an audit of Its accounts for th8 year in quesllon Sn accordance with section 476. The trustee8 acknowledg8 their r88pon8lbllltles for u)mplying wtth thè raqulrements of th8 Act wth respect to accounllng racords and thg preparatlon of accounts. Thwae aco)unts have been prepared In accordance wlth the provi81ons appllcable to companies subject io the sm811 companie8. reglme. Th8 financlal ststements w8r8 approved and authori88d for Issue by the Board and sgn8d on bts behalf by: M8ri8 Gandy Trustse 27 May 2025 6of11
Canals In Hackney Users Group Notes to the Financlal Statements For the year ended 30 November 2024 1. Accountlng Pollclos Basls of accountln9 The financial statements have been prepared under the historical (x)st convenkn'on. except for inveslments whith are included at market value and the revaluation of certain fixed assets and in accordance wth the Charities SORP (FRS 1021 'AGcounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)., Financial Repjrting Stsndard 102 the Financlal R8porting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Canals in Hackney Usets Group meets th8 definition of a public benefit entity under FRS 102. Assets and liabilities are initially re¢ognis8d at hlstorical tt)st or transaction valu8 unl8ss olheThvise stated In the relevant accounting FK)liGy nots(s). Golng coneorn The financial ststements aré prepared, on 8 going concem basis. under the hlstorlcal cost conventlon. Fund$ The charlty maintains a general unresthcted fund which repr8sents funds which ar8 exndable al the discretion of the trustees in furtherance of the objects of the chartty. Such funds may be held in order to finance both working capital and capital Investment. D8slgnat8d funds comprfse of unrestricted funds that have be8n set asid8 by the Trnstees for particular purposes. Restricted funds have b8en provided to the Charity for parb¢ular pury)oses, and rt is the policy of the board of trusteès to carefully monltor the application of those funds in accordance wilh the restrictions placed upon them. Ther8 Is no formal pollcy of transfer between funds or on the allocation of fvnds to designated funds. oth8r than that described above Incomlng r•sources All in¢oming resources are included in the ststemenl of finan¢lal a¢Ovlties vthen the Charlty18 entitled to the Incomé and th8 amount can be quantlfie(I with r8asonable accuracy. Resourc08 expendod Liabillties are recognlsed as resour8 expended when ther8 is a legal or constructive ObligaOn committing th8 Charlty to the 8xpendiluf6. Y•xAtlan As a registerèd charfty, the company is exempt from inccrne and corporation tax to the ont that Its income and galns are applicable to Charitable purposes only. Value Addèd Tax is not recovèrable by the company, and is ther8fore induded in the relevant costs In the Ststemenl of Financial Adivrties. 2. Income from donatlon8 and lagaclos 2024 2023 Unrestrlctsd funds Oonations received 61,829 50,825 61.829 50,825 7of11
Canals in Hackney Users Group Notss to tha Financial Statements Contlnued For the year ended 30 November 2024 3. Incomg earned from other actlvltlos 2024 2023 Fund raising events 1,755 1,755 4. Investsnenl Income 2024 2023 Unrestrl¢tsd funds Bank interest rec6iv8bl8 920 428 920 428 5. Othor In¢omo 2024 2023 Unro•trlct•d fund• Other Income 350 14,000 350 14,000 6. Expondhum on oth•r tradlng actlvlt108 2024 2023 Unrestrlcted funds Fund raising events 624 78 624 78 7. Costs of charltabl• actlvltlos by fund typ• 2024 2023 Unrestrl¢tsd funds Encouraging use of canal Support costs 12,500 34,426 1,750 26,453 46,926 28,203 8of11
Canals in Hackney Users Group Notes to the Financial Statements Continued For the year ended 30 Novomber 2024 . Costs of Charltablo actlvltlos by actlvlty typo Actlvltio$ undertaken dlrectly Support 2024 2023 Support costs Encouraging use of n81 12.51X) 34.426 46.926 28,203 9. Analy818 of •upport 2024 2023 Encouraglng uso of canal Manag8mant Goveman¢8 Costs 27,574 6,852 23,584 2,869 34,426 26,453 10. Not Incomolloxpondlturo) for tho yoar This Is ststed after chargingl(¢r8diting): 2024 2023 720 720 Accountancy fees 11. Partl¢ularn ol omploye•8 2024 2023 Staff 13. Comparntlve for the Statement of Flnanclal Actmtles The comparative year values on the Statsment of Financial Activites are for unrestric*ed funds. 9of11
Canals In Hackney Users Group Notes to the Financial Statements Continued For the year ended 30 November 2024 14. Debtors 2024 2023 Amounts duo Twlthln ono year. Prepayments and aed income 3,750 497 3,750 497 Amounts due aftgr more than ong year: Trad8 debtors 4.473 4,473 15. Credttors: amounts falllng due wlthln one y•ar 2024 2023 Other creditors Accruals and def8rred Income 4,473 720 2,333 720 5,193 3,053 16. Movfrment In funds Unre8tr1et•d Fund8 Balanc• at 0111212023 In¢omlng r•sourco8 Outgolng r•8our¢os Balance al 3011112024 G8neral General 105.473 63,099 (47,550) 121,022 105.4n 63.099 {47,550) 121,022 Unr88trl¢t•d Funds - Prevlous year Balanc• at 0111212022 Incomlng rnsourGe8 Outgolng resources Balanca at 3011112023 General General 66.746 67.008 (28.281) 105,473 66.746 67.008 (28.281} 105.473 10of11
Canals in Hackney Users Group Notes to the Financial Statements Continued For the year ended 30 November 2024 17. Analys18 of not assets belwegn fund5 Not curront Net Ass•t8 assets I Illablllties) Unrestrlctsd fund• G8neral General 121,022 121,022 121,022 121,022 Pr•vlou• y•af Net current N•t AM•ts IllabllStle•) Unro8trlct•d lund• Gener81 General 105,473 105,473 105,473 105,473 18. Company Ilmltsd by guarantso Canals In Hackney Users Group Is 8 company Ilmited by guarantse and accordlngly does not have a Share capltal. 11 of 11