Annual Accounts of the Wirral Community Narrowboat Trust Company Number 3853212 for the year to 31st March 2024 Chalrman.. J.M. Glass Hon. Secretary.. G.J. Le58ge Hon. Treasurer.. M. Branch lof9
2of9 Wirral Community Narrowboat Trust Company NumbEr 3853212- Charity Registration No 1084432 Legal and Administrative Information Status Wirral Community Narrowboat Trust (the Trust) is a ch3rit3ble company limited by 8uarantee, incorporated on 1st October 1999 and registered as a charity no 1084432 on 9th January 2001. rhe company w35 incorporated under a Memorandum of Association which established the objective5 and powers of the ch3rit3ble cornp3ny and is governed under its Articles of Associ3tion. Under those Articles, the rnernbers of Council are elected Bt the AGM to Serve a period ol three years, Subject to ratilic3tlon at each AGM. Council as at 31st March 2024 K. Dodd Ichairrnanl until July 24, G. J. Le5age (Hon. Secretaryl, M. 8ranch (Hon. Treasurer), G.W. Be5twick, R.P. Woodger, N.E. Carpenter, T, Mobbs, G.R. Davies, F.D. Clayton, J.M. Glass, P. Mobb5, M. Boyce, C. Ralston. Company Secretary G.J. Lesage Registered Off ice.. clo Elpiio, 13 Village Road, Hi8her Bebington, Wirral CH63 8PP Independent 5crutineer . s.M.D. Webstpr FCA Bankers . Barclays Bank Plc, 2 Llscard Village, W311asey, Mersey5ide, CH416AU Report of the Council for the Year Ended 31st March 2024 Council presents ils report 3nd independentl¥ scrulinised financial statement for the year ended 315t March 2024. Actlvities The Trust provldes experience of travel by narrowboai on the British canal system to persons who are di53bled, disadvantaged, deprived Or elderly. It seek5 to Improve their quality ol life by th15 experience encompassing recreational, &duc8tlonal and soci81 needs. The Trust has two narrowboats, speclally adapted to meet Our passengers needs, these boats are lully aperatlonal. We recruit, encourage and tr3in volunteers to carry out the actlvitles and rn3intenance ol the Trust to the hlghest HeaSth and S3lety standards. The Trust wa5 awarded the Queen's Award for Voluntary Service in June 2017 in recognition of the hard work and dedlcatlon ol it5 volunteer members. Results The surplu5 lor the year to 31st March 2024 was £10,409 Increaslng the balance ol restricted and vnre5tricted funds to £3L9,070. The increase malnly resulted frorn an increase in Investment performance compared to prlor year, as sailing perlorrnance income was in line with 2023. The Trust ha5 lund5 of £147,185 in various bank 3ccounts which are considered sufficient for the year ahead. Long term investment5 intended for use in longer term Maintenance and eventual replac@ment of our boats, have incre3sed to £136,2191£123,100 in the prior yearl as a result ol increased investment performance.
Wirral Community Narrowboat Trust 3ofg Cornpany Number3853211- CharityRegislfation ND 1084432 Income Resources Income Increasod to £52.3011£31,020 in the previou5 yearl primarily due to higher income from inve5tment5 and bank interest. This year our prirne sources of Income were from donations (to cover sponsored trips and repairs & m31nten3ncel and trip sailings as well a5 investments. Our volunleer5 were again successful this year In both marketing activities and fundraising. Total investment income lincluding investment funds and b3nk interest) w35 3n increase of £16,159 as a result of irnproved performance of our investment portfolio, in line with general market increase during 2023124. Resources Expended Direct expen5e5 were £20.4271£14,793 in the previou5 yearl. an increase on prior year due to Increased boat maintence and repalrs. The charity contlnues to benefit from the hard work ol volunteers wlth a wide range of skills, who are generou5 Wlth thelr tirne 8iven to mannin8 and maintaining the boats and admlnlstratlon of the Trust. Overheads of £21.4661£18,774 in the previous yearl a slight Increase over prior year due to roorn hire, voluntèer expenses, training costs and utilities. We continue to C3rry out National Community Boat Association INCBAI tr3inin8 courses to meei Maritlme nd Coastguard Agency IMCAI requirements and include First Aid training. All sailing volunteers are DBS checked io ensure the safety of our cllents, The trust had no employment liabilitles during rhe financial year to 31 March 2024, as all crewing and adminlstratlve personnel requirements are undertaken voluntarily. Future Strategy The Trust plans to continue present operation5. Activity can occaslonally be Ilmlted by the avallability of volunteer crew5, an issue continually addressed by Council. Reserves Policy Reserves ère considered essentlal to cover sea50n31 flvctuations of Income and outgoings, unforeseen rep8irs and replacements. The annual surplu5 being achieved through fundraisln8 will ensure that the Trust Is also In a posltion to provlde a $18nllicant percentage ol the replacement cost of the boats when considered nece5S8ry. This should assist U5 in obt8lnln8 any balance of funds requlred. Depreclatlon Pollcy Councll agreed in 2002 it would be prudent to depreciate our boats at an annual rate of S% ol historlc cost. Thi5 policy will continue. Investment Policy Reserves designated for replacement of boats ènd Ion8er term maintenance are invested in equity and fixed Interest charity funds with appropriate organisation5. Funds to cover operational expenditure are held in bènk and savlngs accounts with the highest rates of interest sought. cons1stent wlth liquSdity and safety ol
4of9 Wirral Community Narrowboat Trust Company Number 3853211- Charit¥ fteEiStration No 1084432 Responsibilities of Council Company Law rÈouires Council io prep3re financial 5taternents for each financial year which Eive 3 true and lair view of the state o13ffair5 of the Trust 3S at the balance sheet date and of its incoming resource5 and application of resource5, including income and expenditure for the financial year. In preparing thD5e rinancial statements, Council should follow best practice and.. Select suitable accounting pollcies and apply them consistently. Make judgements and estimate5 that are reasonable 3nd prudent. Prepare the financlal statements on the going Concern basis unle55 It is inappropriate ro assume that the company will continue on that basis. Council Is responsible for rnalntaining proper accounting records which dlsc105e with reasonable accuracy St èny time the financi31 position of thè Trust and to enable thern to ensure that the financial statement5 comply with the Companles Act 2006. Council 15 also responsible for saleguardlng tho assets of the Trust and hence lor taking reasonèble steps to prevent and detect fraud and other irre8ularities. Members of Councll Members who 3re directors for the purpose of company law and trustees for the purpose of charity law who sefved durin8 the year and up to the date ol this report are sei out below. Appolnted 01-Mar-19 Re518ned M. Branch N.E. Carpenter G,R. Davies 01-lan-17 01-Jan-19 G.W. Bestwick R.P. Woodger G.J, Le5age C. Ashton T, Mobbs K. Dodd F.D. Clayton J.H. Grice 01-lan-23 01-J3n-14 01-lan-18 13-Mar-18 14-Nov-17 01-Jan-20 01-Jan-20 01-Jan-20 01-Jan-23 31-Dec-23 09-lul.2 31-Dec-23 l.m. Glass M Boyce C Ra15ton 01-Jan-24 01-J3n-24 P. Mobbs 01-Jan-23 On 9th July 2024 Keith Dodd resigned with Immediate effect as Chairm3n and a member of the Trust for per50nal resons. He was repl3ced by the vice-chairrnan Judi Gla5S. Independent Scrutineer This report has been prepared in accordance wlth the 5tatem&nt ol Recomrnended Practice Accountln8 and Reporting by Charities and in accordance with the 5peclal provisions relating to small compani&s. Approved by Council on .oE.IQ. L¥. And signed on its behalf bv. Chairman
5of9 Wirral Community Narrowboat Trust CcTnpany Number3853112 Charity Registration No 1084432 Balance Sheet as at 31st March 2024 2024 2023 Fixed Assets Narrowboats - page 8 Note 3 99.164 112,331 Current Assets Cash at bank and in hand Investments Sundry Debtors and Prepayments 147,185 136,219 124.083 123,100 284,964 248,812 Current Liabilities Sundry Creditors and Accruals Net Current Assets 219 906 196 330 Total Net Asset5 Financed Bv Accumulated Reserves Operational Ideficitl / surplu5 308,661 311,208 cY310 Approved by the Council of Wirral Community Narrowboat Trust on and signed on its behalf bv Glass hairman M. Branch Hon. Treasurer
6of9 Wirral Community Narrowboat Trust Company Numbei 3853212- Chariiy Re8lStrdtion No 1084432 Statement of Financial Activities for the Year Ended 31st March 2024 2024 2023 Incoming Resources Contribution to boat Use Members, Subscriptions Donations Training fees charged Bank Interest Received Investment income Other Income Gift Aid 16,977 17,300 20,451 14,945 1,545 13,119 209 686 12,1801 270 Resources Expended Direct Charitable Expenses Subsistence and refreshments Fuel and Gas Pump-outs Insurance - Boats British Waterways Fees Mobile Phones Repairs, renewa15 and servicing Boat repainting Health and safety Mooring Fees l Other 428 2,651 391 2,696 1,775 20 12,465 313 3,722 264 2,493 1,428 6,202 371 Overheads Office including rates Insurance including volunteers Volunteer expenses Volunteer clothing Printing, Stationery and Telephone Advertlsing and Promotion Sundrv Affiliation Fees Training Depreciation INote 2el DBSIRecruitment expenses Meeting Room Hire 169 1,198 1,876 13 899 402 153 54 415 13,167 208 220 1,324 2,561 1,361 526 13 51 1,177 13,167 Surplus lldeficitl for the Year Restricted and unrestricted funds brought forward Funds as at 31st March 10,409 308 661 12,5471 311 208
Wirral Community Narrowboat Trust 7of9 Cornpany Number 3853212 Charity Registratlon No. 1084432 Notes to the Financial Statements as at 31st March 2024 l. General Information The Company was incorporated as a company limited by guarantee, and not having a share capital, on 1st October 1999 to provide and operate narrowboats lor social, educ3tion313nd therapeutic needs for people who are disadvantaged or deprived. It is a registered charity number 1084432. The company qualifies as a very small company for audit exemption purp05e5 and therefore submits an abbreviated Balance Sheet and the following Statements al For the year ended 31st March 2024 the company was entitled to exemption under section 477121 of the Compènles Act 2006 bl Members have not reouired the company to obtain an audit in occordance with section 4?6 of the Companies Act 2006 cl The Council, as the Board of Directors, acknowledge their responsibility to 11 Ensure that the Company keeps accountin8 records which comply with sectlon 386 of the Companie5 Act 2006. 111 Prepare accounts which give a tru£ and lalr view of the state of affairs ol the Company as at the end of the financial ye3r and ol Its profit or1055 for the financial year, In accordance with the requirernents of section 393 of the Companies Act 2006, and whlch otherwise comply with the requirements of the Companies Act relatin8 to the account5, SO far a5 is applicable to the Company, 2. Accounting Policies al Basls ol preparatlon The Financial siatements have been prepared under the hlstorical cost conventlon and in accordance with applicable accounting standards. bl Resources expended The cost headinES comprlse expenditure, Includlng staff costs, directly attributable to the Trust's actlvlty. Where costs cannot be directly attributed they have been allocated to activities on a b3sls conslstent wlth the use of the resources. cl Fund Atcountln8 General Iunrestrittedl funds are available for use at the discrètion ol Council in furtherance of the objects of the Trust. Restricted fund5 are used lor the purpose 35 specified by the donor. dl Income and ExpendSture All income and expenditure shown in the Statement ol Fin3ncial Actlvitles and is accounted for tsn the el Depreclatlon Depreciation is calculated to write off the cost or valuètion, le55 estimated residu31 values, of tangible fixed assets over thelr useful live5 to the Trust. The annual depreciation rates are'.- Narrovdbo3ts Fixtures and Fittings 5% 01 c05t price. 20% Df cost price.
Wirral Community Narrowboat Trust 8of9 Company Number 3853212 Charity Registration No. 1084432 Pot of Gold Over the Rainbow Total 3. Fixed Assets Cost at 1st April 2023 and 31st March 2024 130,988 131,319 262,307 Depreciation at l April 2023 Depreciation provided during year Total Depreciation at 31 March 2024 84,323 6,601 90,925 65,652 6,566 72,218 149,976 13,167 163.143 Net Book Value at 31 March 2024 40.063 59,101 99,164 Net Book Value at 31 March 2023 46,665 65,667 112,331 4. Contingent Liabilities There are no contingent liabilities out5tandin8 at the end of thls accountln8 period. 5. Restricted and unrestricted funds on the balance sheet The Ivnds of £219,070 aro split into restricted funds or £64,953 and unrestrlcted funds of £254,117, Restricted funds Include donatlons for trips which have not yet taken place, other donations for a specific purpose (boat Maintenance and repalrsl and trlps pald for in advance,
Wirral Community Narrowboat Trust gof9 Company Number 38S3111- Charity Reg15rration No 1084432 Independent Scrutineer's Report to Wirral Community Narrowboat Trust Report on the Accounts of the Trust for the Year ended 31st March 2024 Respectlve r@sponslbllltles of members of Cauncil and Scrutineer. The members of Council are re5pon5ible for the preparation of ihe accounts. They consider th3t audit or independent examination requirements ol the Companies Act 2006 and Charities Act 1993 do not apply. It is the members of Council responsibility to stat&, 35 required by the Acts, whether particu13r matters have corne to their attention. Ba515 of Independent Scrutlneer's Report Scrutiny included a revlew ol the accounting records kept by the charltable company and a comparison ol the accounts presented with those records, It also includes considerètion ol any unusual items or di5c105ures in the accounts, and seekin8 exp13ll3tion Irorn members OF council concerning any such atter5. The Procedures undertaken do not provide all the evidence that would be required In èn audit or eyarnination, and consequently da not expre55 an 3udit opinion on the view given by the accounts, Independent Scrutlneer's Statement In connection with the Scrutiny, no matter has come to my attention to which, in my opinion, attention should be drawn, in order io enable a proper understanding of the accounts to be reached. Signed Date . 3rd October 2024 S.M.D. Webster FCA