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 Tr￿te8S
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 appI￿able 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 s￿nature 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 eXpendi￿re 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.
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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 Ass￿1$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 m8rn￿r 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&c￿s1on. 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 nUM￿r
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 F￿AAT
Counterculture Pathership LLP
23 St Leonards Road
Bexhill
East Sussex
TN40 1HH
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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
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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￿ ￿$F￿nsIble 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
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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
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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
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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 ex￿ndable 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 resour￿8 expended when ther8 is a legal or constructive Obliga￿On committing th8 Charlty
to the 8xpendiluf6.
Y•xAtlan
As a registerèd charfty, the company is exempt from inccrne and corporation tax to the o￿nt 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
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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
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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.
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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 a￿￿ed 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
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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.
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