REGJSTERfD COMPANY NUMBER: 04525876 (EDg14Dd WAl¢s)
REGISTERED CHAIUTY f4uMBER: 1094873
Rt
rt of tbe Trustees and
ent forthe Y Et]ded 31 D
2021
Robert Sadler & Company Ltd
Chthered Accowitants
30B Southgate
Chichester
West Sussex
P019 JDP

Chichester
Canal T
Contents of tbe Fitt
nded31 D
Pa8e
Report of the Trustees
Independent Examinees Rew)rt
Statetnent of Firwneial Activiti&
Balance Sheel
Notes to the Financtal Stat¢m•Jts
7 to 12
D¢tail¢d Stat¢ment of FinaDciai A¢tiviti¢s
13

CaDal TTUSt
Re
rthe Trustees
Year Ended
The trustees are tho directors of ihe charity for the Pu￿oSe& of the Companies Act 2006, PTes¢nt their re[￿ with
the finon¢ial stat¢ments of tbe charity for the year ended 31 Decemb¢r 2021. The trustees have adopted the provisioN of
A￿oUnting and Reporting by Charities.. Ststemeot of Re¢ommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS E02)
(effective I lanllary 2019).
OBJECTIVES AND AcfiviTIES
The principal obiLXtives of the Tnjst are the preservation, mainteDanc¢ and ijnprovement of canals, navigable rivers and
inland waterways for tbe public bellefit. in particular the navigation bettveen Chiehester and the harbour. Chichester Ship
Canal and the Portsn￿￿th al￿ Arullthl CaDal.
The policies 2dopted to ¢nsur¢ the ob3￿lIVeS of the Trnst att met inGlud¢ th¢ manag¢meDt and PT¢s¢rvation of the
Cbichester CaDO1.
The headquarters of the Trust are situated at the Cbich¢st¢T Callal Basin. All corresw)2Jdence should be fO￿arded to the
Chainnan, Chicbester Ship Canal TnLSt, Canal Basi￿ Canal Wharf, Chichester. P019 8DT. The day to day operdtion of
tho Trust is ov¢￿e¢ll by the Trust Board. There is a wholly ovmed trading subsidiary, wbich operates a cafe. shop,
tripboat and other setvices. Its t&xablc profjts are trallsftrred by GiftAid to the Cbichester Ship Callal TTr]sL
The Trust Board Consists of a n)aximum of nin¢ members of the trust. Three m¢mbers of th¢ Tntst Board are elected at
eacb Annual General Meeting aud r¢tire afteT thr￿ yeats by Iotation. The officers aTe elected by the Tn￿t Board from
amongst their number. Members may be ctropted to fill arty C2wal Wd¢an¢ies, but hold otTice only until the next Annual
General Mttting. The El￿d Directoys then elect Directors of our subsidiary Trnding Cornpany.
Michael tambert is the Tr￿llrer.
The TDJSt Board meet r¢gu]arly to review Callal TnLSt and Trnding Activiti¢5, to delitwate on curEent issues alld to
d¢Gide upoll actioDS.
No nwmber of the TNst reeeiyes & galary ftsr tbe services they undertak< but reasonable travellirtg and out of p(tht
expenses, solely forwoth for the incuTredby the Trustees are re2mbursed.
The Risk A&sessmettt and Reserves Policies relating to the Cana] bave beett agreeAI by the Tn￿ Boar
Fun(ts not required foT the cwrettt t￿e&S of the Tw5t may be invested in investtn¢nts of any kind at tbe absolute
discretion of the Tnjst BoaT
The Board of Trusteeg wish to thank a]1 M¢mbers and particulady Voluttteer Mernbers past alld present who enjoy
Participating in the Colltiouityg development of the Tru5L
STRUCTURE, GOVERNANCE AND MANAGEMENT
GoverDIDg document
The charity is incojpornted a5 a limited company and is governed by its articles of a&sociation' it is registered in England
and Wales as a priwdte company linjited by gi]arantee.
REFERENCE ATr4D ADMtr41STRATIVE DETAILS
Registered Compally Mll￿ber
04525876 (England ST￿ Wales)
Registered Ch417ty uwuber
1094873
Pag¢ I

iehester Shi
l December 2
21
Registered 0(r￿e
Canal Headquartet5
Canal Basi
Canal Wh8rf
Chich¢ster
West Sussex
P019 8DT
Trnstees
R M J Ke)ryvorth
Mrs D Cox (appointed 162.21)
Ms C M Cannon
M Ston¢bam
Company Se¢retary
R M J Keyworth
Independent Examiner
Mr Robert Alistait Sadler
Robert Sadltt & Company Ltd
Chthered Accountants
30B Soutbgate
Chschester
West Sussex
P019 IDP
Sollcitors
Wannop Fox Stsffith and Brny
York Road Cballthers
York Road
Bognor Regis
W¢st Sussex
P021 ILT
Apptovedby order of the board of ￿Sle¢S ou...
. and signed on its behalf by:
M Stoneha]n- Truste¢
Page 2

endent Ex
CbÉchest
Independent examlner's report to the trustees of Chlchester Shlp Canal Trust ('the Company
I report to tbe ch￿lty trustees on my exarrtinatÉon of the a¢counts ofthe Company for the year ¢nded 31 DeeeEllbeT2021.
RespoD3ibiliti¢s knd basis of report
AS the charity's tThstees of the Company (and also its directors for the purposes of company law) you are responsible for
the preparation of tbe accouuts iti accoidance the requirements of the Compani¢s Act 2(K)6 ('the 2(X)6 Ace).
Having satisfied myself that the accollnts of the Company ar¢ not required to be audtted und¢r Part 16 of the 2006 A
alld are eligible for independent examinatio￿ l ry)ort in respect of my exon)inatiou of your charity's accotmts as carried
out under section 145 of the Charities Ad 2011 Cthe 2011 Act'l. In ca￿]ng out my examination I have followed the
Directious given by the Ch￿lty cornEn1￿1￿ll u]Mler sectioll L45{5) (b) of tbe 2011 Act.
Independent examiner's statement
I have completed my examiDation. I confirm tI￿t no matters have to my attention in (x)nne¢ti¢)n with the
examination gI￿g me cause to b¢lteve.'
a￿)￿nI]ng re￿dS w¢r¢ not k¢pt in r¢sp¢¢t of the Conhpany as required by section 386 of the 2006 Act. or
thc accounts do not accord with those Te¢ords,' oi
the accounts do not comply with the a￿OUnting requirements of section 396 gf the 2006 Aet other than any
requirement that the accounts give a tsue and fair which 18 not a matter considered as port of an independent
exarnitiation. or
the accounts have not been prepared itt accordance vlith the method& and principles of the Sratement of
Reconllnended Practice for ac¢ounling and reporting by charitios (applicable to charities preparing their aecounts
ill accordance with the FiDancial R¢portiDg Standard appjicable inthe UKand Republic of treland (FRS 102)).
I have no concerns and have c4)me across no other matters irt conT￿tiOn with th¢ ¢xamiDatioll to which att¢ntioD SI￿ll[d
be dravrn in this retth in orderto enable aprop¢rw￿¢rstandlng of the accounts to be Yeache
Mr Rob¢rt Alistair Sadler
Robert Sadler & Company Ltd
C1￿1ered Accountants
30B Southgate
Cbichester
West Suss¢K
P019 IDP
Date..
Page 3

hichester Shi
t of Financial Activities
the Year E
l Decem
31.12.21
Total
31.12.20
Total
Unr¢stTiCted
Re8trieted
Notes
LNCOME AM) ENDOIVMENfs FROM
Doti&Èions al￿ legaci
S9,097
4,863
63.960
18,581
Charitable activlties
Revenuelcosts r¢ activities ill furtberanee of the
charity's objectives
11,018
32,626
43.644
25,278
Othertrading activities
Inve5trnent inc(*me
3,630
20,423
3,630
20.423
3,896
20.456
Total
94,168
37,489
131,657
68.211
EXPEI4DITURE ON
Charitable activities
Rev¢nuelcosts re activities in furttLeMice of the
charity's objectives
31,388
33.052
45.163
F4ET INCOME
62,780
35,825
98,605
23,048
RECONCILIATION OF FUNDS
Total fllnds brnught forward
377,802
124,102
501,gM
478,856
TOTAL FUNDS CAJUUED FORWARD
440.582
159,927
()iX),509
501,904
The notes fomi part of these fit￿¢1￿ statements
Page 4

Chic
Balan
l Decernb¢r 2021
31.12.21
Tots]
31.12.20
Total
UnTestri¢t
fulld
Restricted
FLiTD ASSETS
Tangible &gsets
Investments
292,625
97,534
3g),159
397338
292,627
97.534
39Y).161
397,340
CURRENT ASSETS
Debtors
Cash at battk
10
56,845
96,501
56,845
159,410
6,954
107,730
153,346
62,909
216255
114,684
CREDITORS
Amounts falling due withm one year
{2 J74)
(2,3731
(3J09)
NET CURRENT ASSETS
150.972
62,910
213,882
111,375
TOTAL ASSETS LESS CURRwr
LIABILITIES
443,599
160.444
604,043
508,715
ACCRUALS AND DEFERRED INCOME
12
(3,017)
(517)
(3534)
(6.811)
NET ASSETS
440582
159.927
600,509
501,904
FUNDS
Unrestricted
Restricted fullds
13
440,582
159,Y27
377,802
124,102
TOTAL FtJNDS
600,509
501,904
The charitable company ts ¢ntiiled to eKemptiott from audit under Section 477 of tbe Companies Act 2006 for the year
ellded 31 Deeember2021.
The memb¢rs have not required the cornpany to obtsin an audit of its financial ststements for the yw ¢tthd
31 D¢cemb¢r 2021 irA accordance with Section 476 of th¢ Cottipatti¢s A¢t 2006.
The tNstees acknowledge tbeirresponsibilities for
{a)
ensuring that the charitable eompally keeps accounting re￿rdS that comply with Sections 386 and 387 of the
CO￿paUL&s Act 2006 2nd
pryTing financial statemellts which give a true and fair view of the state of affaiffd of the Charitable eojnpany
at the end of each financial year and of its sU￿lUS or deficit for each fllRtKÉal year ill accordallee with the
reqUireTt￿t5 of Sections 394 and 395 and whickn otheTh¥ise comply with the requirernents of the Cornpallies A
2006 relating to fw8ncÉal ststements so far as applicable to the ¢1￿1table company.
{b)
The notes forni part of these flnancial statement5
Page S
eontinutd...

Chichester S
a]aEce Sheet- contittue
These financial statements have bEeD pf¢paTed in accordallce with the provisions applicable to charitable companies
subject io the small compani¢s regime.
¢nts were approved by the Board of TTUSt¢¢$ alld authori$ed for
. and were signed on its b¢half by..
M Stoneham- Trustee
The notes fornpan of these fina￿la[ ststements

hiches
rshi
Canal T
No
to the Finan¢ia
or
eYearE
31
temen
ACCOUNTJNG POLICIES
of preparing the financial ststements
The financial statements of the charitablt COEllpany, which is a public benefit entity under FRS 102, have bee
prepaTcd ITh accordauce with the Charities SORP IFRS 102) 'Ac¢ountitig alld Reporting by Charities.. Statement
of ReeoTnTnended Practice applicable to chaTiti¢s preparing their a¢coLmts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of trelaJLd (FRS 102) (effective l January 2019),.
Finallcial Reporting Standard 102 The Finaneial Reportillg Sthndard applicabl¢ io the UK and Republic of
Irdand, and the Companies Act 2006. The financial ststejnents have been prepared Und￿ the bistOriC81 cost
nvention, with the exception of invcstments which are included at market va]ue.
Income
All iUCOEne is recognised in Statement of FIna￿la1 A¢tivities once the clMTity has Cutide￿¢nI ￿ the funds. it
is prohbl¢ that the inc(Mne will be reeeivedandthe arno￿t callbe Meas￿ reliably.
Expendlthre
Liabihtses are reCo￿lSed 35 expenditure a5 soon as there is a legal or constructive obligation committing the
charity to expenditure. it is probable that a transfer (Trf economic benefits will be zequired in s¢ttlement and
the a￿OUnt of the obligatiojj can be nKasuTed ffl?ably. Expenditur¢ is accounted for on aTh #cenmis basis alld ha
been classified under headings that aggregate all ¢ost related to the category. Where c05t5 cannot be directly
81tribut¢d to particular headmg5 they bave been allocated to activities on a basis Consistent wiib the use of
Tanglble fixed Assets
DepTeci8ti0tt 1$ Ptt>vided at the followitig annual r*s in order to write off wh &55el ovw its estimated useful
life.
Plant and machinery
Fixtures and fittings
25•A ¢)n cost, on cost and IOYO on cost
IOts/o on Cost
T#￿tion
The chartty 15 exempt from CO￿￿rdti0tt tax on its cl)aritable activities.
Fulld accountin8
UDrestrid¢d canbe used iti accoTdance with the tharitable obj'ectives at tbe discretion of the trustee8.
Restricttd fiuids call only be used for particulat restrided pwposes within tbe obje¢ts of tb¢ charity. Restrictions
arise when specified byth¢ donor or when fimds are raised forp8rticular restrictedputpose&
Further explanation of the Thature and purpose of each fimd is iticluded in the notes to the fllwi¢ial statements.
OTHER TRADING ACTIVTfiES
31.12.21
31.12.20
Subscriptii)ns
3,630
3,896
Page 7

Chichester
Financial Stateme
nded
ts- continued
f(>r the
IVESTMENT INCOME
31.12.21
31.12.20
Rents received
Deposit aec4>unt interest
20,0(X)
423
20,(M)O
456
20,423
20,456
SUPPORT COSTS
Grkv¢rnan¢e
Management
Totals
Revenuel¢osts re activities in furtherdn¢e of
the charity's objectives
4277
2.242
6,519
IYET INCOMEI(EXPENDITUREI
Net in¢omellexpenditur¢) is stated after tharginglcrediting):
31.12.21
31.12.20
Depreciation- owned a￿ets
10.179
12,171
TRUSTEES, REMUNERATION AND BENEFITS
There were no t￿￿tee8, remulleration or other benefits for the year ended 31 D￿e￿)ber 2021 Dor for the year
ended 31 Decernber2020.
Trnstees expenses
There were no trust¢¢s' expenses pald for th¢ year ended 31 D￿¢rnb¢r 2021 nor for the year ertded
31 De¢ernber 2020.
COMPAIL4TIVES FOR THE STATEMENT OF FINATr4CIAL ACTIVITIES
UDrestEiCted
fvnd
Restricted
Total
INCOME AND ENDOWMENTS FROM
Donations and lega¢ies
3,496
15.085
18,581
Charitable aedvfiti¢s
Revenu￿c9Sts re a¢tivities in fi￿t￿erance of
the ¢harity$ obj¢etives
13,019
12.259
25.278
Othertrading a¢tivities
Envestment it)come
3.896
20.456
3,896
20,456
Total
40,867
27.344
68,211
EXPENDITURE ON
Charltable a£tfiTr4tle$
Revenuelcosts re a¢¢iNryties in furtherdnce of
th¢ charity's objectives
44.904
259
45,163
Page 8
CODtillued...

h chester Shi
Canal Tn￿t
otes to the Fi
for tbe Year
al Ststetnents- cottt
coNtPAIL41IVES FOR THE STATEMENT OF FINAI¥CIAL ACTIVITIES. contitill¢d
Unrestricted
Restricted
fund
Totsl
funds
NET INCOMFJ(EXPENDITURE)
(4,037)
27,085
23,048
RECONCILIATION OF FUNDS
Totsi funds brought forw4rd
381,839
97.017
478,856
TOTAL FUNDS CARRIED FORWARD
377,802
124,102
501.904
TANGIBLE FIXED ASSETS
Fixtw
Fr¢¢hold
prop¢ty
Plant and
machinery
fittings
Totals
COST
At l January 2021
Additions
359J92
132,892
3,000
63,066
555J50
At 31 De¢embeF 2021
359,392
135.892
63,066
558,350
DEPRECIATION
At l January 2021
Charge foryear
118.716
4,142
39,296
6,037
158,012
10,179
At 31 Decejllber 2021
121858
45,333
168,191
NET BOOKVALUE
At 31 December 2021
359,392
13,034
17.733
390.159
At 31 D¢c¢2nb¢r 2020
359,392
14.176
23,770
397.338
FIXED ASSET INVESTMENrs
The Chithester Ship Caual Trust bolds of th¢ issued share ¢apitsl {arnounting to two ordinary slwes of £1
each) of ChÉchester Carwl Trading L ￿lited, a conwany incorpornted in England and Wa1¢5. The taxable profits
of Ch5ch¢st¢r Calla] Trading Lirnited ar¢ wd to the Chichester Ship Canal Tntst by Gift Aid after allowing for
any amoullt pemiitt&J to be retained foruse &8 worknng wital.
The subsidiary compatjy pays rent to Chichester Ship Canal TnLSt for thewe of premises and equip]nenL
SullL8 r￿e1Vable by the Trll￿ from the subsidiary in the period were as follows:_
31.12.21
31.1220
GiftAid donatioll
Rent
47,132
20,000
20,0(
67,132
20.0(M)
The results of Chich¢$ter Canal Trading Limit￿ ¢xtra¢ted from its ￿COUnts for tIL¢ y¢ar ¢nded 31st Deeember
2021 are foliows:_
31.12.21
31.12.20
Page 9
Contitiued...

Chichester Sh"
e Financial Statements- continued
End
ecc
r20
for ibe
FIXED ASSET tNVESTMENTS- contillued
Thrnover
Other op¢ratiTrg
Interest recEivable
224,448
26,009
114,374
15,418
250,457
129,796
Totsl Income
Cost of sales
Otheroperatillg costs
119,809
91806
85,948
96,5(M)
Total EAp¢Ds¢s
212,615
182,448
Net profiV{loss) for the yearbefore charges
Amount covenat)t¢d to the Trust under atd
Corporation tax {Wdyablellrq)ayable
(InCreaseYd￿ in provision for deferred taxalion
37,842
(47,132)
(52,652)
6,299
4,239
3227
ProfiV(10ss) rdained forthe y¢ar
16.063)
(42.114)
DEBTORS: AMoiINfs FALLING DUE WITHIN ONE YEAR
31.12.21
31.12.20
Ajnounts owed from CCT Ltd
VAT
56,597
248
6,954
56.845
6.954
ii.
CREDrroRS: AMouNfs FALLING DUE WITHtN ONE YEAR
31.12.21
31.12.20
Trnde creditots
VAT
Accrued expenses
(2)
(2)
511
2,800
2,375
2J73
3,3119
12.
ACCRUALS AND DEFKRRED ￿CoME
31.12.21
31.12.20
DeferTed governn)ent
Deferred grants (non 8ov%)
517
3.017
776
6,035
3.534
6,811
Page 10

Chiche
ter
Canal Trust
e Financ
ar Ended 3
en
nued
13.
MOVEMENf IN FUNDS
REVENUE RESERVE- UNRESTRICTED FUNDS
31.12.21
31.12.20
Balance brought foThvard
Net mov¢m¢nt irA fiu
Transf¢T5 t(Tr R¢stricted Revemie Reserve
Trall$fers tol(from) Capitsl R¢serve- Unr¢sttieted
78,254
98.605
135.825)
6,921
70,379
23,048
(27,085)
11,912
BalaKe carried fotwanl
147,955
78,254
This equals the value of the net CUTrent assets held at the elld being the cash ai baDL debtors and 8tsKk less
outstanding creditors due within one year, accEuals and deferred it￿)Me and excluding the restiicted revenue
reserve balance
REVENUE RESERVE. ￿TluerED
31.12.21
31.12.20
Restricted fitnds held at bank
62,909
27,085
This r¢pr¢s¢nts fi]nding received it] the year for the repair of eanal baDks.
CAPITAL RESERVE- UYRESTRICTED
31.12.21
31.12.20
This ryresents the value of uorestrlcted bJTMls tUV¢Sted in freehold premis
fixtrjres. fittings and plant
292,627
299,548
CAPTTAL RESERVE- RESTRICTED
31.12.21
31.12.20
This rewesents the wolue of reStr1d￿ fi]llds obtsioed via 8rwts that have been
itivested in the freehold pren]ises and a￿cIated fixtures al￿ fittings and maybe
repayable rftbe ptoperty was 501d or the &8sets not us¢d as p¢r th¢ conditions of
the gratrts
97,018
97.017
TOTAL FUNDS
31.12.21
31.12.20
Totsl uttttstri¢ted fijnds
440,S82
377,802
Totsl restricted fimds
159.927
124.102
Pagell
¢ontinued...

bichtsteT Shi
Notes to
rtheye
cial StAternents- coniinlled
ece
I& RELATED PARTYDISCLOSiIRES
There war no related paty traltsactiolls for th¢ y¢ar ended 31 DeCe￿ber 2021.
15. OTHER INFORMATION
Grant income recogmsed alld released to iDcom¢ in the year was as follows:.
31.12.21
31.12.20
WSCC- of this m is r¢ka8¢d io ttLe Ststem¢nt of Financial Activities
in line with the asset's d¢pR¢iation ￿liCy1£2,585 x IOO/0= £259).
Lead¢r- IOQ/¢ of this wt is released to th¢ stat¢￿etti of Finan¢iai A¢tsvities
in line with the assets dep￿cIatiOn p)licy (£3Q,175 x I￿/￿= £5,018).
259
259
3,018
3,018
Totsl grants received
3,277
3,277
io.
RKSTRICTED YUNDS
Restricted fijllds received ¢Juring the year ended 3 1st D&ember 2021 c¢)nsisted of the following..
31.12.21
31.12.20
GI￿ts.. Chichester City Council- ReiuvenatioD of calwl baDks
West Sussex County Council- Rejuvenation of canal banks
Portwioutb Water- E¢ology SuThey
Nineveh TNst- Rejuvenation of &lTLal ba
D Oyly Carter Charitsble Tn￿t- Rejuvenation of canal bgmks
ChapmaD Charitable Tntst- Rejuv¢notion of canal banks
Tbe Swir¢ Chwitsble TnLSt- Rejuvenation of cath￿ bal￿S
DotsatioDs
lo,0￿>
2.000
2,867
4.(￿0
3,500
20.0(M>
4,862
15,085
37229
27.085
P8g¢ 12

Chic
Callal Trust
Det 'led Statement of F"
l.1)gce￿_￿2￿lL
31.12.21
31.12.20
INCOME AND ENDOWMENTS
Donathns and legacies
DO]￿tIOnS attd gtft akd reclai
Cbichester CaT￿l TradI￿g Ltd Profits covenanted
via gift aid
16,828
18,581
47,132
63.960
18.581
Other tradlng a¢dYldes
Subscriptions
3,630
3,896
Jnvestment in¢ome
Rents received
Deposit acCO￿t interest
20.000
423
20.0(X)
456
20,423
20.456
Charitsble aetiiities
GEants received
43,644
25278
Total In£omlDg resources
131,657
68211
EXPENDITURE
Charitable actI￿lRe$
Insurallce ￿ Licences
cal￿ Works
Maintenanrx and Equip repairs
Printin& Postage,Stationery
Depreciation
5,462
8,554
347
1,990
10.180
10,768
9,714
522
12,171
26,533
36235
Support costs
Management
Rates, water & ¢lts￿Illg
Light atsd h¢at
Advertising
Sutthies
1,254
794
90
2,139
1,197
821
1.143
4277
3,161
Governattee costs
A¢counialley
Legal fees
2242
3.100
2,667
2242
5,767
Total resources eApettded
33,052
45.163
Net iM¢ome
98,605
23,048
This ptge does not form part of the statll￿ry fillallcial state￿ents
Page 13