2023-03-31-accounts

Registered Company No. 04306537 (England and Wales)

*** Note ****

The BCN Society

(A Company Limited by Guarantee)

Registered charity number 1091760

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31[ST] March 2023

Balance Sheet Notes to the Accounts Trustees Report Profit and Loss Account

The BCN Society

BALANCE SHEET 31[ST ] March 2023

FIXED ASSETS - Note 4 Costs bfwd Additions Less Depreciation Less Loss on Disposals Current Assets Debtors Cash at Bank & in hand CREDITORS - Amounts falling due within 12 months Trade Creditors NET CURRENT ASSETS/(LIABILITIES) CREDITORS - Amounts falling due after more than one Deposits for keys TOTAL NET ASSETS/(LIABILITIES) REPRESENTED BY Restricted fund CRT BCN 250 Accumulated surplus	2023 2022 £ £ 51525 45208 0 11071 (3170) (2377) 0 0 48355 51525 0 0 42582 42083 42582 42083 0 0 0 0 90937 93608 year 110 110 90827 93498 5897 6819 84930 86679 90827 93498	2022

Independent examiner’s report to the trustees of the BCN Society

I report to the trustees on my examination of the accounts of the BCN Society for the year ended 31[st] March 2023

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2. the accounts do not accord with those records.

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

Signed: Phil Clayton 211 Marsh Lane Wolverhampton WV10 6SA 13[th] May 2023

The BCN Society

NOTES TO THE FINANCIAL STATEMENTS

For the period ended 31[st] March 2023

1. Principal accounting policies

2. a) Basis of Accounting

The financial statements have been prepared under the historical cost convention in accordance with applicable accounting standards.

2. Share Capital

The company has no share capital being a company limited by guarantee. Each members liability is restricted to £1.

3. Accumulated Surplus

umulated Surplus
Surplus brought forward Loss for the year Balance carried forward	2023 93498 (2671)
	90827

4. Fixed Assets

The society owns a work boat purchased with the assistance of the Heritage Lottery Fund. The items also include tools for use by work parties and a marquee for use at events.

Depreciation is charged on the straight line basis at 10% and 20% per annum. No depreciation is charged on the work boat.

	Work Boat	Tools and	Marquee	Total
		Equipment
Brought Forward	24601	11143	15781	51525
Additions		0	0	0
Depreciation		(1592)	(1578)	(3170)
Written off				-
Carried Forward	24601	9551	14203	48355

The BCN Society

Report of the Trustees

The trustees are also the directors of the charity for the purposes of the Companies Act 1985 present their report and financial statements for the period ended 31[st] March 2023

.

Review of activities

The Company, a registered charity was formed to promote the use and retention of the waterway known as the Birmingham Canal Navigations (BCN).

The society leases from Canal & Rivers Trust the Titford Pumphouse a Grade II listed former Birmingham Canal Navigations (BCN) Pumphouse which had been restored by the former British Waterways (now CRT) and is used by the society as a headquarters with meeting room, office and storage.

The society carries out work on the BCN and organizes a number of events to promote the use of the canal.

By Order of the Board

Martin O’Keeffe Secretary

The BCN Society

INCOME AND EXPENDITURE ACCOUNT

For the year ended 31[st] March 2023

Restricted Unrestricted Total 2023 Restricted Unrestricted Total 2022 Income £ £ Subscriptions 8508 8508 5787 5787 Other Income 0 0 Donations 1662 1662 0 1091 1091 Events 3565 3565 551 551 Grants 0 0 11071 11071 Pumphouse 251 251 25 25 Rents received 5925 5925 3826 3826 Other charitable income 6106 6106 10325 10325 17509 26889 Total Income 26017 32676 Expenditure Operating Expenses 922 13883 14805 0 9467 9467 Administration expenses Events 1364 1364 0 373 373 Rent & Rates 9425 9425 5311 5311 Depreciation 3170 3170 2377 2377 Other Expenses 0 0 0 11071 0 11071 13959 19132 28764 28599 (Loss) Surplus for the year (2747) 4077 Bank interest 76 3 Surplus for the year carried forward (2671) 4080	Restricted Unrestricted Total 2023 Restricted Unrestricted Total 2022 Income £ £ Subscriptions 8508 8508 5787 5787 Other Income 0 0 Donations 1662 1662 0 1091 1091 Events 3565 3565 551 551 Grants 0 0 11071 11071 Pumphouse 251 251 25 25 Rents received 5925 5925 3826 3826 Other charitable income 6106 6106 10325 10325 17509 26889 Total Income 26017 32676 Expenditure Operating Expenses 922 13883 14805 0 9467 9467 Administration expenses Events 1364 1364 0 373 373 Rent & Rates 9425 9425 5311 5311 Depreciation 3170 3170 2377 2377 Other Expenses 0 0 0 11071 0 11071 13959 19132 28764 28599 (Loss) Surplus for the year (2747) 4077 Bank interest 76 3 Surplus for the year carried forward (2671) 4080	Restricted Unrestricted Total 2023 Restricted Unrestricted Total 2022 Income £ £ Subscriptions 8508 8508 5787 5787 Other Income 0 0 Donations 1662 1662 0 1091 1091 Events 3565 3565 551 551 Grants 0 0 11071 11071 Pumphouse 251 251 25 25 Rents received 5925 5925 3826 3826 Other charitable income 6106 6106 10325 10325 17509 26889 Total Income 26017 32676 Expenditure Operating Expenses 922 13883 14805 0 9467 9467 Administration expenses Events 1364 1364 0 373 373 Rent & Rates 9425 9425 5311 5311 Depreciation 3170 3170 2377 2377 Other Expenses 0 0 0 11071 0 11071 13959 19132 28764 28599 (Loss) Surplus for the year (2747) 4077 Bank interest 76 3 Surplus for the year carried forward (2671) 4080
		4077 3 4080