# COOMBESWOOD CANAL TRUST (A (A COMPANY COMPANY LTD LTD[BY] BY GUARANTEE) GUARANTEE) 

# ANNUAL[REPORT] AND ACCOUNTS 

# FOR FOR THE THE YEAR YEAR ENDED ENDED 31ST 31ST JULY JULY 2025 2025 

## Legal Legal Information Information 

> Directors/Trustees Directors/Trustees 

> during during the the year year 

> Bob Bob Fox Fox - - Chair Chair (Appointed (Appointed 9th 9th December December 2023) 2023) 

> Gavin Gavin Hawkins Hawkins - - Treasurer Treasurer (Appointed (Appointed 3rd 3rd May May 2024) 2024) 

> Judy Judy Hanchet Hanchet - - Secretary Secretary (Appointed (Appointed 9th 9th December December 2023) 2023) Roy Roy Burgess Burgess (Appointed (Appointed 9th 9th December December 2023) 2023) 

> Anthony Anthony Friar Friar (Appointed (Appointed 14th 14th December December 2005) 2005) 

> Darren Darren McKenzie McKenzie (Appointed (Appointed 9th 9th December December 2023) 2023) 

> Gillian Gillian Reynolds Reynolds (Appointed (Appointed 10th 10th December December 2022) 2022) 

> Ivor Ivor Chambers Chambers (Resigned (Resigned ISt ist February February 2025) 2025) 

> Charity Charity Number: Number: 1088978 1088978 

> Company Company Number Number 04181961 04181961 

> Registered Registered Office Office Hawne Hawne Basin Basin 

> Hereward Hereward Rise Rise 

> Halesowen Halesowen 

> West West Midlands Midlands 

> B62 B62 8AW BAW 

> Telephone Telephone 

> 0121550 0121 550 1355 1355 

> Email Email 

> coombeswood@btconnect.com coombeswood@btconnect.com 

Website Website 

> www.hawnebasin.org.uk www.hawnebasin.org.uk 

Accountant Accountant 

> Groundbreakers Groundbreakers Ltd Ltd Shop Shop 1 1[at] at 83 83 High High Street Street 

> Kinver Kinver 

> Stourbridge Stourbridge 

> West West Midlands Midlands 

> DY7 DY7 6HD 6HD 

> Page Page 1 1 

## COOMBESWOOD CANAL TRUST Trustees’ Trustees' Annual Annual Report Report for for the the Year Year ended ended 31st 31st July July 2025 2025 

> The The trustees trustees present present their their annual annual report report and and accounts accounts of of the the charity charity for for the the year year ended ended 31st 31st July July 2025. 2025. The The Trustees Trustees 

> have have followed followed the the Statement Statement of of Recommended Recommended Practice Practice (SORP) (SORP) "Accounting "Accounting and and Reporting Reporting by by Charities" Charities" (FRS (FRS 102) 102) 

> in in preparing preparing the the annual annual report report and and accounts. accounts. 

## Trustees Trustees 

The The trustees trustees as as named[named] on on page page 3 3 have have served served throughout throughout the the year year to to 31st 31st July July 2025 2025 except except where where stated. stated. The The trustees trustees are are also[also] the the directors directors of of the the Limited Limited Company. Company. All All trustees[trustees] that that served served during during the the year year are are listed. listed. Trustees Trustees are are appointed as[appointed] as governed[governed] by by the the Articles Articles of of Association Association of of the the charity. charity. Only Only members members of of the the charity charity can can be be appointed appointed as as trustees.[trustees.] New New trustees trustees are are appointed[appointed] who who can can bring relevant bring relevant experience experience and and skills skills to to the the governing governing body. body. The The induction induction of of new new trustees trustees involves involves being being made made aware aware of of a a trustee's trustee's responsibilities, responsibilities, the the governing governing documents documents and and the the history history and and ethos ethos of of the the charity. charity. 

## Constitution, Constitution, Objects Objects and and Management Management 

Coombeswood Coombeswood Canal Canal Trust Trust (charity (charity number number 513054) 513054) was was constituted constituted as as a a[charity] charity of of the the same same name name by by a a Deed Deed of of Trust Trust from from 1st 1st September September 1982 1982 to to 8th 8th September September 2003, 2003, when when it it became became a a new new charity[charity] (number (number 1088978) 1088978) operating operating as as a a company company limited limited by by guarantee. guarantee. 

## The The objects objects of of the the charity charity are: are: 

> For For the the use use and and benefit benefit of of the the public public to to stimulate stimulate public public interest interest in in and and appreciation appreciation of of the the history, history, 

> structure structure and and beauty beauty of of the the Dudley Dudley number number 2 2 canal, canal, and and with with the the aim aim of of improving improving the the conditions conditions of of life life for for the the persons persons for for whom whom such such facilities facilities are are[primarily] primarily intended. intended. 

> To To provide provide or or assist[assist] in in the the provision provision of of facilities facilities for for recreation recreation or or other[other] leisure leisure activities activities at at or or near near to to the the 

> Dudley Dudley number number 2 2 canal canal including including Hawne Hawne Basin Basin including including the the restoration, restoration, improvement, improvement, enhancement, enhancement, 

> development, development, maintenance, maintenance, conservation conservation of of and and making making fully fully navigable navigable the the canal canal and and the the promotion promotion of of 

> its its use use by by all all appropriate appropriate forms forms of of waterborne waterborne traffic traffic and and the the promotion promotion of of a a public public footpath footpath and and right right of of 

> way way along along the the length length of of the the Dudley Dudley number number 2 2 canal. canal. 

> The The charity charity is is organised organised so so that[that] the the governing governing council council of of trustees trustees meets meets monthly monthly to to manage manage its its affairs affairs and and 

> formulate formulate the the charity's charity's policies. policies. The The Charity Charity Commission's Commission's guidance guidance on on public[public] benefit benefit is is kept kept in in mind mind when when 

> decisions decisions are are made. made. 

> The The running running of of the the charity charity is is undertaken undertaken by by the the Chair, Chair, the the Secretary, Secretary, the the other other trustees trustees and and other other members, members, with with 

> the the help help of of the the paid paid caretaking caretaking staff. staff. 

> The The charity charity is is very very grateful grateful to to all all its its volunteers, volunteers, without without whom whom the the charity charity would would not not exist. exist. In In the the unlikely unlikely event event of of 

> winding winding up, up, each[each] member member of of the the Trust Trust undertakes undertakes to to contribute contribute to to the assets the assets of of the the company company up up to[to] a a maximum[maximum] 

> of of El. £1. 

> Membership Membership of of the the charity charity is is required required for for long long term term mooring mooring and and use use of of the the social social club. club. 

Page Page 2 2 

## COOMBESWOOD CANAL TRUST Trustees’ Trustees' Annual Annual Report Report for for the the Year Year ended ended 31st 31st July[July] 2025 2025 (cont'd) (cont'd) 

## Financial Financial Review Review 

> The The majority majority of of the the charity's charity's funds funds come come from from the[the] provision provision of of mooring mooring to to members members and and from from providing providing 

> slipway slipway and and other other services services for for boats. boats. Coombeswood Coombeswood Canal Canal Company Company Ltd, Ltd, a a separate[separate] company company limited limited by by 

> guarantee, guarantee, covenants covenants its its profits profits to to the the Trust. Trust. Other Other funding funding is is from from membership membership fees fees and and donations, donations, as as well[well] as as 

> profits profits from from fundraising, fundraising, public public open open days days and and Social Social Club Club activities. activities. 

> The The Statement Statement of of Financial Financial Activities Activities shows shows total total incoming incoming resources resources of of £115,178 El[15,178] and and resources resources expended expended of of £136,157 E136,157 resulting resulting in in a a net net decrease decrease in in funds funds carried carried forward forward of of £20,979. 220,979. 

> The The total total assets assets carried carried forward forward to to the the next next financial financial year year are are £1,222,677. 

## Development, Development, activities activities and and achievements achievements this this year year 

One One of of our long our long serving serving trustees trustees (directors) (directors) resigned resigned in in February February 2025, 2025, but the but the other other directors directors have have continued continued to bring their expertise and experience to the monthly meetings to ensure that the Trust works towards meeting to bring their expertise and experience to the monthly meetings to ensure that the Trust works towards meeting its its charitable charitable objectives. objectives. Two Two additional additional trustees trustees have have been been co-opted co-opted on on[to] to the[the] committee, committee, whose whose full full appointment appointment will will be be put put to to the the members members at at the the AGM. AGM. 

> The The charity charity continued continued to to maintain maintain its its core core services, services, providing providing leisure leisure mooring mooring for for around around 78 78 boats boats and and 

> undertook undertook projects projects promoting promoting and and maintaining maintaining Hawne Hawne Basin, Basin, the the Dudley Dudley No No 2 2 Canal Canal and and footpath. footpath. Slipway Slipway services previously provided by Coombeswood Canal Company Ltd were provided weekly by a volunteer team. services previously provided by Coombeswood Canal Company Ltd were provided weekly by a volunteer team. 

> Being Being so so popular,[popular,] this this service service booked booked up up[months] months in in advance. advance. 

Part-time Part-time caretaking caretaking staff staff kept kept the the site site running running and and provided provided support support to to moorers moorers and and visitors, visitors, 7 7 days days a a week.[week.] Volunteers Volunteers supplied supplied in in excess excess of of 1980 1980 registered registered hours hours to to the the Trust, Trust, helping with helping with site site maintenance, maintenance, the the open open weekend, weekend, public public outreach, outreach, the the slipway slipway and and running running the the Social Social Club Club bar, bar, Sunday Sunday lunches lunches and and events. events. 

Coombeswood Coombeswood Canal Canal Company Company Ltd Ltd continued continued to to provide provide diesel diesel and and chandlery chandlery at at competitive competitive prices prices from from the the onsite onsite shop, shop, to to attract attract boaters boaters and and local local customers. customers. It It also also provided provided 12 12 residential residential moorings. moorings. 

> Work Work parties parties were were held[held] on on the[the] first[first] Sunday[Sunday] of of each each month month along along the the Dudley Dudley No2 N02 canal canal and and around[around] the the basin basin 

> using using the the work work boats, boats, Hawne Hawne and and Stratford, Stratford, clearing clearing trees, trees, logs, logs, tyres tyres and and other other rubbish rubbish from from the the canal. canal. 

> The social club continued to thrive with the help of an enthusiastic new[volunteer] team. It provided a[weekend] The social club continued to thrive with the help of an enthusiastic new volunteer team. It provided a weekend 

> bar, bar, Sunday Sunday lunches lunches during during the the winter winter and and event event nights nights including including fundraisers. fundraisers. Music Music nights nights with with live live singers singers 

> proved proved especially especially popular. popular. 

> The The operation operation of of the the heritage heritage boats, boats, Atlas Atlas and and Malus, Malus, in in partnership partnership with with the the BCNS, BCNS, continued continued with with some some 

> maintenance maintenance work work being being undertaken. undertaken. They They attended attended a a[number] number of local of local canal canal rallies rallies during during which which members members of of 

> the the public public were were encouraged[encouraged] to to look look around around them them and and were were informed informed about about the the ways ways of of life life of of boaters boaters in in their their heyday. heyday. A Community ACommunity Grant Grant application application was was made made to to Dudley Dudley MBC MBC to to encourage encourage new new volunteers volunteers to to work work 

> alongside alongside mentors mentors from from the the Trust Trust in in restoring, restoring, maintaining maintaining and and operating operating these these boats. boats. 

> Page Page 3 3 

COOMBESWOOD CANAL TRUST Trustees' Trustees' Annual Annual Report Report for for the the Year Year ended ended 31st 31st July[July] 2025 2025 (conttd) (cont'd) Development, Development, activities activities and and achievements achievements this this year year (cont'd) (cont'd) Maintenance, Maintenance, funded funded from from our our reserves, reserves, was was carried[carried] out out on on site site including including more more work[work] on on the[the] PA[PA] and[and] Ethernet[Ethernet] systems systems and and retarmacing retarmacing of of a a large large section section of of the the the the basin basin frontage frontage and and area area between between the the main main buildings. buildings. An An induction induction loop loop system system was was installed installed in in the the Clubhouse Clubhouse for for those those with with hearing hearing impairment. impairment. The The Trust Trust continued continued to to host host several several local local community community music music groups groups by by offering offering the the use use of of the the facilities facilities for for meetings meetings and and practices. practices. Members Members of of the the Trust Trust also also maintained maintained communication communication with with local local councillors. councillors. 

> The The IWA IWA Waterways Waterways Recovery Recovery group group[had] had a a camp camp at at Coombeswood Coombeswood in in October October 2024, 2024, during during which which they they 

> cleared cleared shrubs shrubs and and trees trees from from the the Dudley Dudley No2 N02 canal canal extension. extension. The The IWA IWA local local branch branch continues continues to to hold hold its its branch branch committee committee meetings meetings and and winter winter socials socials at at the the Basin. Basin. 

> In In the the autumn autumn of of 2024, 2024, Coombes Coombes Bridge Bridge was was[finally] finally repainted, repainted, funded funded jointly jointly with with Dudley Dudley MBC. MBC. The The Trust Trust was was instrumental instrumental in in getting getting this this achieved. achieved. It It was was opened opened by by Hilary Hilary Bills, Bills, Mayor Mayor of of Dudley Dudley on on[5th] Sth November. November. Patrick Moss of Moss Naylor Young provided a[helpful] presentation at the AGM in February 2025 about their Patrick Moss of Moss Naylor Young provided a helpful presentation at the AGM in February 2025 about their 

> interim interim report report on on the[the] feasibility[feasibility] study study for for the the further further extension extension of of the the Dudley Dudley No No 2 2 canal. canal. Due Due to to his his ill ill health, health, 

> there there has has been been a a[delay] delay in in producing producingthe the full full report. report. The The Trust's Trust's response response to to the the draft draft report report has has yet yet to to be be 

> finalised. finalised. 

An An open open weekend weekend was was[held] held on on[the] the[7th] 7th & &[8th] 8th June June 2025, 2025, which which was was very very well well attended attended by by the the public. public. Boat Boat trips trips along along the the canal canal on on Malus[Malus] and and Phoenix Phoenix (provided (provided by by BCNS BCNS for for the the weekend) weekend) were were quickly[quickly] booked booked up. up. Hot Hot food, food, cakes, cakes, real real ale, ale, other other bar bar and and hot hot drinks drinks were were provided,[provided,] with with entertainment entertainment by by local local bands bands and and musical musical groups. groups. There There was was[also] also a a[model] model boat boat display, display, children's Children's activities, activities, trade trade and and craft craft stalls stalls and and a a[visit] visit from from the the miniature miniature ponies. ponies. It It was was such such a a success success in in fundraising fundraising and and in in public public engagement engagement that that more more frequent[frequent] open open events events were were[proposed,] proposed, including including a a[Winter] Winter event event later later in in the the year. year. 

> The The Trust Trust also also supported supported Halesowen Halesowen in in[Bloom,] Bloom, with with our our two[two] planters planters in in the the shape shape of of narrowboats narrowboats on on road[road] islands islands in in the the town. town. Halesowen Halesowen was was[again] again successful successful in in obtaining obtaining a a[Gold] Gold Award Award in in the the Heart Heart of of England England Britain Britain in in Bloom Bloom awards awards in in 2025. 2025. 

## Future Future Plans Plans 

The The main main activities activities of of the the Trust Trust are are[expected] expected to to continue continue in in[2025/26.The] 2025/26.The Social Social Club Club continues continues to to offer offer its its bar, bar, Sunday Sunday lunches lunches and and events. events. An An Open Open day day titled titled "Winterfest" "Winterfest" was was[held] held on on 29th[29th] December December 2025 2025 and and another another Open Open event event is is planned planned in in Spring Spring 2026. 2026. Additional Additional Gardening Gardening and and Maintenance Maintenance weekends weekends for for[volunteers] volunteers[will] will be be held held to to get get the the site site in in good good condition condition for for the the visitors. visitors. 

> Page Page 4 4 

## COOMBESWOOD CANAL TRUST Trustees' Trustees’ Annual Annual Report Report for for the the Year Year ended[ended] 31st 31st July July 2025 2025 (cont'd) (cont'd) 

## Future Future Plans Plans (cont'd) (cont'd) 

The The Community Community Grant Grant for for new new Atlas Atlas and and Malus Malus volunteers volunteers was was successful successful and and[the] the Trust Trust was was awarded[awarded] E14,250 £14,250 for for the the 6 6 months months to to the the end end of of March March 2026. 2026. A A project project manager manager was was appointed, appointed, starting starting in in October October 2025. 2025. Mentors Mentors came came forward forward and and a a[number] number of of young young people people are are already[already] involved. involved. As As a a consequence consequence of of this this project project the the Trust Trust has has made made links links to to several several useful useful community community organisations, organisations, which which may may lead lead to to joint joint working. working. The The Trustees Trustees have have identified identified that that significant significant infrastructure infrastructure maintenance maintenance of of the[the] Basin Basin and and its its facilities facilities is is required, required, which which is is likely likely to to necessitate necessitate further further use use of of reserves reserves in in the the next next few few years. years. 

## Risk Risk Management Management 

> The The trustees trustees regularly regularly review review the the major major risks risks the the charity charity faces faces and and believe believe that that sufficient sufficient resources resources are are 

> held held[to] to keep keep the the charity charity running running through through unforeseen unforeseen adverse adverse events. events. Systems Systems have have been been put put in in place, place, whenever whenever operational operational and and business business risks risks have have been been identified, identified, to to mitigate mitigate those those risks. risks. 

> The The management management committee committee continues continues to to keep keep risk risk management management under under review. review. 

## Reserves Reserves Policy Policy 

> The The Governing Governing Council Council commits commits to to retain retain sufficient sufficient reserves reserves to to cover cover winding-up winding-up Costs, costs, if if necessary, necessary, 

> including including provisions provisions for for statutory statutory redundancy redundancy payments payments and and contract contract cancellation cancellation charges. charges. The The current current reserves reserves[are] are[also] also being being held held for for urgent urgent site site maintenance maintenance and and the the improvement improvement of of facilities facilities 

> at at Hawne Hawne basin, basin, as as well[well] as as supporting supporting Dudley Dudley No No 2 2 canal canal projects. projects. 

## Statement Statement of of Director's Director's (Trustee's) (Trustee's) Responsibilities Responsibilities 

> The The directors directors are are[required] required under under Company Company Law Law to to prepare prepare financial financial statements statements for for each each financial financial year year which which give give a a true[true] and and fair fair view view of of the the state state of of affairs affairs of of the the company company and and of of its its results results for for that that period. period. 

> In In preparing preparing those those financial financial statements statements the the directors directors are are[required] required to: to: 

> (a) (a) select select suitable suitable accounting accounting policies policies and and apply apply them them consistently. consistently. (b) (b) make make judgments judgments and and estimates estimates that that are are[reasonable] reasonable and and prudent. prudent. (c) (c) prepare prepare the the financial financial statements statements on on an an ongoing[ongoing] concern concern basis basis unless unless it it is is inappropriate inappropriate to to assume assume that that the the company company will will continue continue in in business. business. 

> The The directors directors are are responsible responsible for for the the keeping keeping of of proper proper accounting accounting records records which which disclose disclose with with reasonable reasonable accuracy accuracy at at any any time time the the financial financial position position of of the the charity. charity. They They are are also[also] responsible responsible for for the the safeguarding safeguarding of of the the assets assets of of the the company company and and hence hence for for taking taking reasonable reasonable steps steps for for the the prevention prevention and and 

> detection detection of of fraud fraud and and other other irregularities. irregularities. 

Approval Approval This report w s p by the directors on[16th] January 2026. Signed on[the] 0b Fox -Trustee This reportSigned on theiribe(\ p byBobthe Foxdirectors -Trustee on 16th January2026. 

> Page Page 5 5 

## COOMBESWOOD CANAL TRUST 

## Independent Independent examiner's examiner's report report to to the the trustees trustees of of the the charitable charitable company company 

I | report report to to the the trustees trustees on on my my examination examination of of the the accounts accounts of of the the above above charity charity for for the the year year ended ended 31st 31st July July 2025. 2025. 

## Respective Respective responsibilities responsibilities of of trustees trustees and and examiner examiner 

> As As the the charity's charity's trustees, trustees, you you are are[responsible] responsible for for the the preparation preparation of of the the accounts accounts in in accordance accordance with with the the requirements requirements of of the the Charities Charities Act Act 2011 2011 ("the (“the Act”). Act"). report I report in in respect respect of of my my examination examination of of the the Trust’s Trust's accounts accounts carried carried out out under under section section 145 145 of of the the Act Act 

> and and in in carrying carrying out out my my examination, examination, I | have have followed followed all all the the applicable applicable Directions Directions given given by by the the Charity Charity 

> Commission Commission under under section section 145(5)(b) 145(5)(b) of of the the Act. Act. 

> Basis Basis of of independent examiners independent examiners report report I | have have completed completed my my examination. examination. I | confirm confirm that that no no[material] material matters matters have have come come to to my my attention attention in in connection connection with with the the examination examination which which gives gives me me cause cause to to believe believe that that in, in, any any material material respect: respect: 

> • * the the accounting accounting records records were were not not kept kept in in accordance accordance with with section section 130 130 of of the the Charities Charities Act; Act; or or 

> • * the the accounts accounts did did not not accord accord with with the the accounting accounting records; records; or or 

> • * the the accounts accounts did did not not comply comply with with the the applicable applicable requirements requirements concerning concerning the the form form and and content content of of 

> accounts accounts set set out out in in the the Charities Charities (Accounts (Accounts and and Reports) Reports) Regulations Regulations 2008 2008 other other than than any any requirement requirement 

> that that the the accounts accounts give give a a['true] ‘true and and fair' fair’ view view which which is is not not a a[matter] matter considered considered as as part part of of an an independent independent 

> examination. examination. 

| I have have no no concerns concerns and and have have come come across across no no[other] other matters matters in in connection connection with with the the examination examination to to which which attention attention should should be be drawn drawn in in this this report report in in order order to to enable enable a a[proper] proper understanding understanding of of the the accounts accounts to to be be reached. reached. 

> Name Name: : 

Graeme Graeme Underhill Underhill 

Groundbreakers Groundbreakers Ltd Ltd Shop Shop 1 1[at] at 83 83 High High Street Street Kinver Kinver Stourbridge Stourbridge DY7 DY7 6HD 6HD 

> Date Date: : 16th[16th] January January 2026 2026 

> Page Page 6 6 

## COOMBESWOOD CANAL TRUST 

## Statement Statement of of Financial Financial Activities Activities Year Year ended ended 31st 31st July July 2025 2025 


**----- Start of picture text -----**<br>
|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes|Notes|Unrestricted|Unrestricted|Total|Total|Total|Total|
|Funds|Funds|Funds|Funds|Funds|Funds|
|2025|2025|2025|2025|2024|2024|
|£|£|£|
|Income|Income|
|Donations|Donations|2a|2a|24,784|24,784|24,784|24,784|23,459|23,459|
|Charitable|Charitable|activities|activities|2b|2b|87,459|87,459|87.459|87,459|57,836|57,836|
|Bank|Bank|Interest|Interest|Receivable|Receivable|2,920|2,920|2,920|2,920|498|498|
|Dividends|received|
|Dividends|received|15|15|15|15|11|11|
|Total|Total|115,178|115,178|115,178|115,178|81,804|81,804|
|Expenditure|Expenditure|
|Charitable|Charitable|Activities|Activities|3|3|134,998|134,998|134,998|134,998|100,280|100,280|
|Governance|Governance Costs|Costs|4|4|1,|1,159|159|1,159|1,159|750|750|
|Total|Total|136,157|136,157|136,157|136,157|101,030|101,030|
|Net|Net|(Expenditure)/Income|(Expenditure)/lncome|(20,979)|(20,979)|(20,979)|(20,979)|(19,226)|(19,226)|
|Total|Total|funds|funds|brought|brought|forward|forward|1,243,656|1,243,656|1,243,656|1,243,656|661,882|661,882|
|Gains|Gains|and|and|losses|losses on|on|[revaluation]|revaluation|of|of fixed|fixed|7|7|-|-|601,000|601,000|
|assets|assets|for|for the|the|charity's|charity's|own|own|use|use|
|Total|Total funds|funds|carried|carried forward|forward|1,222,677|1,222,677|1,222,677|1,222,677|1,243,656|

**----- End of picture text -----**<br>


> Page Page 7 7 

## COOMBESWOOD CANAL TRUST 

## Balance Balance Sheet Sheet As As at at 31st 31st July July 2025 2025 

|||Notes<br>Notes||2025<br>2025||2024<br>2024|
|---|---|---|---|---|---|---|
||||£|z|£|£|
|Fixed<br>Assets<br>FixedAssets||7<br>7||985,982<br>985,982||985,000<br>985,000|
|Current<br>Assets<br>CurrentAssets|||||||
|Stocks<br>Stocks|||1,177<br>1,177||338<br>338||
|Sundry<br>Debtors/prepayments<br>SundryDebtors/prepayments||8<br>8|38,998<br>38,998||58,252<br>58,252||
|Cash<br>at<br>Bank<br>and<br>Cash at Bankand|in Hand<br> in Hand|9<br>9|219,552<br>219,552||210,247<br>210,247||
|Investments<br>Investments||10<br>10|326<br>326||326<br>326||
||||260,053<br>260,053||269,163<br>269,163||
|Current<br>Liabilities<br>Current Liabilities|||||||
|Creditors<br>due<br>within<br>one year<br>Creditorsduewithinoneyear||11<br>11|23.358<br>23,358||10,507<br>10,507||
|Net<br>Current<br>Assets<br>Net CurrentAssets||||236,695<br>236,695||258,656<br>258,656|
|Net<br>Assets<br>Net Assets||||1,222,677<br>1,222,677||1,243,656<br>1,243,656|
|Represented<br>by:<br>Represented by:|||||||
|Unrestricted<br>Funds<br>Unrestricted Funds||12<br>12|||||
|Income<br>& Expenditure<br>Income & Expenditure|account<br> account|||328,313<br>328,313||347,539<br>347,539|
|Surplus/<br>Deficit<br>for the <br>Surplus/ Deficitfortheyear|year<br>year|||(20,979)<br>(20,979)||(19,226)<br>(19,226)|
|||||307,334<br>307,334||328,313<br>328,313|
|Designated<br>Funds<br>DesignatedFunds||12<br>12||915,343<br>915,343||915,343<br>915,343|
|||||1,222,677||1,243,656<br>1,243,656|
|||||ey||—————F|



The The company company was was entitled entitled to to exemption exemption from from audit audit under under $477 s477 of of the[the] Companies Companies Act Act 2006 2006 relating relating to to small small companies. companies.The The members members have have not not required the required the company company to to obtain obtain an an audit audit in in accordance accordance with with section section 476 476 of of the the Companies Companies Act Act 2006. 2006. The The directors directors acknowledge acknowledge their their responsibilities responsibilities for for complying complying with with the the requirements requirements of of the the Companies Companies Act Act with with respect respect to to accounting accounting records records and and the the preparation preparation of of accounts. accounts. The The accounts accounts have have been been prepared prepared in in accordance accordance with with the the provisions provisions applicable applicable to to small small companies companies subject subject to to the the small small companies companies regime regime and and in in accordance accordance with with FRS102 FRS102 SORP. SORP. 

> Approved Approved by by the the Directors Directors and and signed signed on on their[their] behalf behalf on on[16th] 16th January 2026. January 2026. \ 7 y ..Bob Fox, Director (>[ Fox,][ Director] __WA&s 

> Page Page 8 8 

## COOMBESWOOD CANAL TRUST Notes Notes to to the the Accounts Accounts for for year year ended ended 31st 31st July July 2025 2025 

## 1. 1. Accounting Accounting Policies Policies 

These These accounts accounts have have been been prepared prepared under under the the historical historical cost cost convention convention with with items items recognised recognised at at cost cost or or[transaction] transaction value value unless unless otherwise otherwise stated stated in in the the relevant relevant note(s) note(s) to to these accounts. these accounts. The The accounts accounts have have been been prepared prepared in in accordance accordance with with the the Statement Statement of of Recommended Recommended Practice: Practice: Accounting Accounting and and Reporting Reporting by by Charities, Charities, with with the the Financial Financial Reporting Reporting Standard Standard (FRS102) (FRS102) issued issued 16th 16th July July 2014 2014 and and with with the the Charities Charities Act Act 2011. 2011. The The charity[charity] constitutes constitutes a a[public] public benefit benefit entity entity as as defined[defined] by by FRS102. FRS102. No No changes changes have have been been made made to to the the accounts accounts for for previous previous years. years. The The accounts[accounts] present present a a true[true] and and fair fair view view and no and no changes changes have have been been made made to to the the accounting accounting policies. policies. 

Going Going Concern Concern The The directors directors consider consider that that the the charity charity remains remains viable viable for for the the year year ahead ahead and and the the accounts accounts are are therefore[therefore] prepared prepared on on a a going[going] concern concern basis. basis. 

## Income Income Recognition Recognition 

> Donations Donations are are recognised recognised when when received. received. Other Other income income is is recognised recognised when when the the charity charity becomes becomes entitled entitled to to the the resources, resources, it it is is more more likely likely than than not not that that the the resources resources will will be be received received and and the the monetary monetary value value can can 

> be be measured measured with with sufficient sufficient reliability. reliability. All All incoming incoming resources resources are are[accounted] accounted for for gross. gross. There There is is no no 

> offsetting Offsetting of of assets assets and and liabilities liabilities unless unless required required or or permitted[permitted] by by FRS102 FRS102 SORP. SORP. 

## Expenditure Expenditure Recognition Recognition 

Liabilities are[recognised] where it is more likely than not there is a legal or[constructive] obligation Liabilities are recognised where it is more likely than not there is a legal or constructive obligation committing committing the the charity charity to to pay pay out out resources resources and and the the amount amount of of the the obligation obligation can can be be measured measured with with reasonable reasonable certainty. certainty. 

> Volunteer Volunteer Help Help 

> The The value value of of any any voluntary voluntary help help received received is is not not included included in in the the accounts accounts but but is is described described in in the the trustees trustees report. report. 

## Governance Governance costs costs 

> Governance Governance costs costs comprise comprise all all costs costs involving involving public public accountability accountability of of the the charity charity and and its its compliance compliance 

> with with regulation regulation and and good good practice. practice. 

Tangible Tangible fixed fixed assets assets for for use use by by charity charity Freehold Freehold property property and and Plant Plant and and Machinery Machinery are are valued[valued] at at reasonable reasonable valuation valuation by by the the trustees. trustees. Other Other equipment equipment is is initially initially valued valued at at cost cost and and depreciated depreciated over over[it's] it's expected expected lifetime. lifetime. 

> Stocks Stocks 

> Stocks Stocks are are[stated] stated at at the the lower lower of of cost cost and and net net realisable realisable value. value. 

> Page Page 9 9 

## COOMBESWOOD CANAL TRUST 

> Notes Notes to to the the Accounts Accounts for for year year ended ended 31st 31st July July 2025 2025 (cont'd) (cont'd) 

## 2. 2. Analysis Analysis of of Income Income Received Received 

||||2025<br>2025|2025<br>2025|2025<br>2025|2024<br>2024|
|---|---|---|---|---|---|---|
||||Unrestricted<br>Unrestricted||Total<br>Total|Total<br>Total|
||||£||£|£|
|2a<br>Donations<br>2a Donations|||||||
|Charitable<br>covenants<br>from<br>Charitable covenantsfrom||||21,911<br>21,911|21,911<br>21,911|21,792<br>21,792|
|Coombeswood<br>Coombeswood|Canal<br>Company<br> CanalCompany|Ltd<br> Ltd|||||
|Other<br>Donations<br>Other Donations||||2,873<br>2,873|2,873<br>2,873|1,667<br>1,667|
|||||24,784<br>24,784|24,784<br>24,784|23,459<br>23,459|
|2b.Charitable<br>Activities<br>2b.Charitable Activities|||||||
|Mooring<br>Fees<br>Mooring Fees||||49,946<br>49,946|49,946<br>49,946|46,759<br>46,759|
|Social<br>Club<br>SocialClub||||13,331<br>13;331|13,331<br>13,331|1,042<br>1,042|
|Electricity<br>Electricity||||6,293<br>6,293|6,293<br>6,293|4,351<br>4,351|
|Open<br>Weekend<br>OpenWeekend||||6,294<br>6,294|6,294<br>6,294|4,255<br>4,255|
|Slipway<br>fees<br>Slipwayfees||||5,990<br>5,990|5,990<br>5,990|-|
|Membership<br>subscriptions<br>Membership subscriptions||||1,756<br>1,756|1,756<br>1,756|1,402<br>1,402|
|Laundry<br>tokens<br>Laundrytokens||||1,525<br>1,525|1,525<br>1,525|-|
|Hardstanding<br>Fees<br>Hardstanding Fees||||1,222<br>1,222|1,222<br>1,222|27<br>27|
|Other<br>Fundraising<br>income<br>Other Fundraising income||||1,062<br>1,062|1,062<br>1,062|2|
|Other<br>fees<br>Otherfees||||40<br>40|40<br>40|-|
|||||87,459<br>87,459|87,459<br>87,459|57,836<br>57,836|



> Page Page 10 10 

## COOMBESWOOD COOMBESWOOD CANAL CANAL TRUST TRUST 

## Notes Notes to to the the Accounts Accounts for for year year ended ended 31st 31st July July 2025 2025 (cont'd) (cont'd) 

## 3. 3. Analysis Analysis of of Resources Resources Expended Expended 

|Charitable<br>activities<br>Charitable activities||2025<br>2025|2024<br>2024|
|---|---|---|---|
|||£|£|
|Wages,Nl<br>and Pensions<br>Wages,NIand Pensions||27,551<br>27,551|24,399<br>24,399|
|Electricity<br>Electricity||15,389<br>15,389|16,310<br>16,310|
|Gas<br>Gas||3,223<br>3,223|7,044<br>7,044|
|Rent<br>and<br>Rates<br>Rentand Rates||14,964<br>14,964|10,209<br>10,209|
|Site<br>services<br>and<br>Cleaning<br>Site services and Cleaning||5,652<br>5,652|6,536<br>6,536|
|Telephone<br>& Internet<br>Telephone& Internet||972<br>972|932<br>932|
|Licences<br>and<br>Insurances<br>Licences and Insurances||4,241<br>4,241|2,533<br>2,533|
|Office<br>running<br>costs<br>Office runningcosts||1,563<br>1,563|2,853<br>2,853|
|Sundry<br>expenses<br>Sundry expenses||779<br>779|314<br>314|
|Bookkeeping<br>Bookkeeping||8,418<br>8,418|11.103<br>11,103|
|Legal & Professional<br>fees<br>Legal& Professionalfees||-|2,693<br>2,693|
|Social<br>Club<br>SocialClub||8,466<br>8,466|615<br>615|
|Other<br>fundraising<br>income<br>Otherfundraising income||635<br>635|:|
|Open<br>Weekend<br>OpenWeekend||2,804<br>2,804|1,751<br>1,751|
|Youth<br>Projects<br>Youth Projects||239<br>239|364<br>364|
|Site<br>Maintenance<br>Site Maintenance||8,095<br>8,095|8,088<br>8,088|
|Tarmac<br>drive<br>repairs<br>Tarmac drive repairs||18,180<br>18,180|2|
|Canal<br>gate<br>posts<br>& panels<br>Canalgate posts&panels||-|1,700<br>1,700|
|Heritage<br>Boat<br>expenses<br>Heritage Boatexpenses||410<br>410|1,326<br>1,326|
|Workboat<br>expenses<br>Workboatexpenses||1,033<br>1,033|561<br>561|
|Bridge<br>repainting<br>Bridge repainting||5,850<br>5,850|=|
|Report<br>on extending<br>canal<br>to Leasowes<br>Report on extendingcanalto Leasowes|park<br> park|5,760<br>5,760|-|
|Bank<br>and card<br>charges<br>Bankand card charges||528<br>528|949<br>949|
|Depreciation<br>Depreciation||246<br>246|-|
|||134,998<br>134,998|100,280<br>100,280|



Page Page 11 11 

## COOMBESWOOD CANAL TRUST 

## Notes Notes to to the the Accounts Accounts for for year year ended ended 31st 31st July July 2025 2025 (cont'd) (cont'd) 


**----- Start of picture text -----**<br>
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|4.|4.|Governance|Governance|costs|costs|
|2025|2025|2024|2024|
|£|£|
|Accountancy|Accountancy costs|costs|850|850|750|750|
|Legal|Legal and|and|professional|professional|fees|fees|309|309|-|
|1,159|1,159|750|750|
|5.|5.|Paid|Paid|Employees|Employees|
|Caretakers|Caretakers|Costs|Costs|2025|2025|2024|2024|
|£|£|
|Gross|Gross|Salaries|Salaries &|&|Employers|Employers|Nl|NI|27,334|27,334|24,098|24,098|
|Pension|Pension|Costs|Costs|217|217|301|301|
|Total|Total|Staff|Staff|Costs|Costs|27,551|27,551|24,399|24,399|
|6.|Trustee's|remuneration|and|
|6. Trustee's|remuneration and expenses|expenses|

**----- End of picture text -----**<br>


No No trustees trustees received received any any remuneration remuneration during during the the year. year. 

## 7. 7. Fixed Fixed Assets Assets 


**----- Start of picture text -----**<br>
|||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Freehold|Freehold|Plant|Plant &|&|Other|Other|2025|2025|2024|2024|
|Property|Property|Machinery|Machinery|Equipment|Equipment|Total|Total|Total|Total|
|£|£|£|£|£|
|Valuation|Valuation|
|Balance|Balance as|as|at|at start|start|of|of year|year|950.000|950,000|35,000|35,000|-|985,000|985,000|384.897|384,897|
|Revaluation|Revaluation|-|-|-|-|601,000|601,000|
|Additions|Additions|-|-|1,228|1,228|1,228|1,228|
|Depreciation|Depreciation|:|-|246|246|246|246|=|
|Disposals|Disposals|:|-|-|-|897|897|
|Balance as|Balance|as|at|at|end|end|of|of year|year|950,000|950,000|35,000|35,000|982|982|985,982|985,982|985,000|985,000|

**----- End of picture text -----**<br>


Fixed Fixed assets assets of of £170,000 E170,000 were were introduced[introduced] in in to to the the new new charity, charity, Coombeswood Coombeswood Canal Canal Trust, Trust, in in 2003. 2003. The The freehold freehold of of the[the] site site was was purchased purchased in in 2007/8. 2007/8. Ithas It has been been decided decided to to revalue revalue the the freehold freehold property property on on a a[periodic] periodic basis basis at at a a reasonable reasonable valuation valuation provided provided by by members members of of the the Trust. Trust. Plant Plant and and machinery machinery will will be be valued valued at at net net realisable realisable vaiue. value. Other Other equipment equipment will will be be depreciated depreciated over over its its expected expected lifetime. lifetime. 

> Page Page 12 12 

## COOMBESWOOD CANAL[TRUST] 

## Notes Notes to to the the Accounts Accounts for for year year ended ended 31st 31st July July 2025 2025 (cont'd) (conttd) 

|8. Debtors<br>8. Debtors|||||||
|---|---|---|---|---|---|---|
||||||2025<br>2025|2024<br>2024|
||||||£|£|
|Prepayments<br>Trade<br>Debtors<br>Prepayments<br>Trade Debtors|||||4,968<br>2,403<br>4,968<br>2,403|4,215<br>3,122<br>4,215<br>3,122|
|Owed<br>by<br>Coombeswood<br>Owed byCoombeswood|||Canal<br>Company<br>Ltd<br> CanalCompanyLtd||31,047<br>31,047|50,295<br>50,295|
|Accrued<br>income<br>Accrued income|||||580<br>580|620<br>620|
||||||38,998<br>38,998|58,252<br>58,252|
|9. Cash<br>at bank<br>and<br>9.Cash at bank and||in <br> in|hand<br> hand||||
||||||2025<br>2025|2024<br>2024|
||||||£|£|
|Current<br>accounts<br>Currentaccounts|||||115,652<br>115,652|125,718<br>125,718|
|Deposit<br>account<br>Depositaccount|||||16,047<br>16,047|30,391<br>30,391|
|Building<br>Society<br>Account<br>BuildingSocietyAccount|||||82,732<br>82,732|50,000<br>50,000|
|Cash<br>in hand<br>Cash in hand|||||2,205<br>2,205|500<br>500|
|Funds<br>in transit<br>Funds in transit|||||2,111<br>2,111|3,638<br>3,638|
|Volopa<br>payment<br>card<br>Volopa paymentcard|account<br> account||||805<br>805|-|
||||||219,552<br>219,552|210,247<br>210,247|
|IO.<br>Listed<br>Investments<br>10. Listed Investments|||||||
||||||2025<br>2025|2024<br>2024|
||||||£|£|
|Shares<br>Shares|||||326<br>326|326<br>326|
|11. Creditors<br>due<br>within<br>11. Creditorsduewithin||||one year<br> oneyear|||
||||||2025<br>2025|2024<br>2024|
||||||£|£|
|Accrued<br>expenses<br>Accrued expenses|||||3,697<br>3,697|3,489<br>3,489|
|Trade<br>creditors<br>Trade creditors|||||6,209<br>6,209|5,259<br>5,259|
|Deposits<br>held<br>Deposits held|||||1,625<br>1,625|1,450<br>1,450|
|Tax<br>due<br>Taxdue|||||214<br>214|309<br>309|
|Prepaid<br>fees<br>Prepaid fees|||||11,613<br>11,613|-|
||||||23,358<br>23,358|10,507<br>10,507|



> Page Page 13 13 

## COOMBESWOOD CANAL TRUST 

## Notes Notes to to the the Accounts Accounts for for year year ended ended 31st 31st July[July] 2025 2025 (cont'd) (cont'd) 

## 12. 12. Fund Fund Movements Movements 


**----- Start of picture text -----**<br>
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|Net|
|Fund|Fund balances|balances|movement|movement|in|in|Fund|Fund|balances|balances|
|brought|brought forward|forward|funds|funds|carried|carried forward|forward|
|£|£|£|
|Restricted|Restricted|Funds|Funds|-|-|-|
|Designated|Designated|Funds|Funds|
|Membership|Membership|Reserve|Reserve|278,637|278,637|-|278,637|278,637|
|Revaluation|Revaluation|Reserve|Reserve|(Note|(Note 7)|7)|636,706|636,706|-|636,706|636,706|
|915,343|915,343|-|915,343|915,343|
|Unrestricted|Unrestricted|Funds|Funds|
|Income|Income|&|& Expenditure|Expenditure|account|account|328,313|328,313|(20,979)|(20,979)|307,334|307,334|
|Total|Total|Funds|Funds|1,243,656|1,243,656|(20,979)|(20,979)|1,222,677|1,222,677|

**----- End of picture text -----**<br>


> Page Page 14 14