THE DANIEL ADAMSON
PRESERVATION SOCIETY
ANNUAL REPORT &
FINANCIAL STATEMENTS
FOR YEAR ENDED
31ST DECEMBER 2023
Company Number: 05088619
Charity Number: 1104681

THE DANIEL ADAMSON PRESERVATION SOCIETY
CONTENTS
Page
Trustees, Annual Report
statements of Trustees, Responsibilities
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Flnanclal Statements
10

THE DANIEL ADAMSON PRESERVATION SOCIETY
ST
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The Trust&s are pleased to presert thetr annual report tsthe year ended 31st December 2023.
The finanaal statements comply wilh the Chaiities Act 2011, Companies Ad 2006, Aco)unting
and Reporting by Chanties; Statement of Recommended Practi￿ (SORP 2019) applicable to
chatitres preparing their accounts in accordan￿ with the Financial Rewrting Slandard
applicable in the UK and Republic of Ireland (FRS102) (as amended for accounting periods
commencing from 1 st January 2019).
OBJECTIVES AND ACTIVITIES
The charity's objectives continue to be:
To secure for public benefit the preservation, restoration. improvement, use and
maintenance of the steam powered tugltender "Daniel Adamson" (formerly called Ralph
Brocklebank") built in 1903 and features and objects of historical and industrial interest
which relate to the vessel including the provision of a museum and or exhibition centre at
such a site or sites in the United Kingdom as may be appropriate and organisation of
meetings, exhibitions, lectures. publications and other forms of instruction, promoting the
public knowledge of the historical and industrial development of the vessel and its use.
In setting out our objectives and planning our activities, the Trustees have complied with the
duty under the Charities Act 2011 to have due regard to the public benefit guidance
published by the Charities Commission.
As our organisatlon continues to evolve, we still maintain our mission to engage our local
communities in the conservation and operation of our unique piece of shipping heritage to
benefit the enjoyment, education and wellbeing of all. We do this by embedding ourselves
n local communities, working in partnership with community groups, museums, education
settings and arts organisations to provide commercial, leisure, social, wellbeing,
volunteering, education, heritage and training opportunities, and to ensure ourvolunteers and
visitors have a sense of belonging, a sense of ownership and a stake in the Danny's future,
this will always remain our mission.
This year we commenced our new project - Maritime Heritage Maritime Futures
and
worked with the Maritime Industries around the Port of Liverpool and Cheshire, glving
young people the opportunity to discover both their maritime heritage and the employment
opportunities within this sector. Partners include Peel Ports, Svitzer Marine, The Maritime
Museum Liverpool, Canal & Rivers Trust, Gammell Laird Shipbuilders, Maersk Line and
various Marine Surveyors
The main activities In the year were."
We had a full schedule of public cruises mainly on the River Weaver, but also visits to
Royal Albert Dock in Liverpool and Mode Wheel Lock in Salford. There were also
several private Static Hires of the Danny and an annual charter by a travel company.
Our additional focus was on our Maritime Heritage, Maritime Futures project, supported by
NLHF.

THE DANIEL ADAMSON PRESERVATION SOCIETY
ST
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENTS AND PERFORMANCE
th
This year {2023) saw us retuming to service on 26 March with a public cruise from
Sandon Dock to Royal Albert Dock where we spent a Couple of weeks before returning to
the River Weaver to carry out some public cruises. We returned to Royal Albert Dock early
in May to be there for both the Eurovision Final and the Battle of The Atlantic
Commemoration events. We returned to the River Weaver in early June, but not long
after encountered serious issues caused by the failure of a swing bridge on the River
Weaver, which resulted in the cancellation of public cruises until it was rectified in early
August.
We celebrated the 120th Birthday of The Daniel Adamson at Sutton Weaver Swing Bridge
with an event for our volunteers, supporters and sponsors, which was a great success and
a lovely day.
In October 2023 we held a unique and spectacular event in Royal Albert Dock when we
had three tugs through the ages
The Danny (1903), Brockelbank (1965) and a modern
Svitzer Tug - Trident. This was part of our Maritime Heritage, Maritime Futures event,
showcasing how tugs have evolved through the ages for our engineering students taking
part in the project. It received a lot of press attention and was a huge success. Following
this event we returned to our winter maintenance base at Sanden.
FINANCIAL REVIEW
Inc£*me for the year was £214,630 (2022: £169,838) of which £64.489 <2022: £15,82D, related
to funding for projects UF)on which restridions are placed.
Expenditure for the year was £233,496 (2022.. £229,295), leaving a deficit for the year of £18,866
{2022: deficit £59,457).
At 31 st December 2023 the chaiitable companVs reseNes stood at £179.937 (2022: £198,803)
of which £43,543 (2022: £nil) represented restrided funds.
RISK MANAGEMENT
The trustees have assessed the major risks to which the charity is exposed and are satisfied
that systems are in place to mitigate exposure to the major risks.
The charity has small, fixed costs, with potential liabilities from accident and vandalism. Any
potential risk of injury to members working on and visitors to the tug are minimised by
means of comprehensive risk assessments and by presenting members with detailed
guidance and careful management of all those on the tug. Any movement of the tug from her
berth is undertaken only by experienced crew assisted by commercially operated tugs where
appropriate. Comprehensive Safety Policies and Manuals have been developed for
application prior to the vessel entering commercial seniice during 2016.
The insurance coverdge is reviewed annually., The insured value of the tug under a Marine
Policy is £2,000,000 - the value has been reduced from £3,250,000 upon completion of the
Funding period and in agreement with the National Heritage Lottery Fund (NHLFJ pursuant
to an amended deed of covenant by which we are bound. We also maintain Employee and
Public Liability and Trustee Management Risks policies which are also subject to annual re-
evaluation to ensure all risk factors have been declared to insurers and that the insured
amounts are adequate.

THE DANIEL ADAMSON PRESERVATION SOCIETY
ST
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
No projects are commenced until sufficient money is available to cover all the placed
contracts. The bulk of the funding required to restore the vessel to steam and commence
revenue-earning operations has been met through grants from the National Lottery Heritage
Fund drawdown.
Sufficient funds are secured from general income such as subscriptions,
donations, sponsorships and Gift Aid to cover the society's normal administrative costs
throughout the subsequent year.
The Trustees believe that the biggest risk is the long-term financial sustainability and
continually updates the business plans to ensure ongoing viability and the Risk Register is
reviewed regularly at Board meetings.
RESERVES POLICY
It is the policy of the charrtable company to maintsin unrestricted funds, which are free reseNes
at a levet to cover redundancy proviston and three months, ruming costs should no further
funding be r￿1ved.
As at the end of the financÉal year the unrestricted funds balan￿ is £136,394. The charitable
company requires £13,198 for redundancy provision and £53,138 for thr￿ months, running
costs, (total £66,336).
The trustees plan for the balan￿ of the unre5tri(Xed reserves is for the maintenance of the
Danny.
PLANS FOR THE FUTURE
The focus for the future as always is to maintain a sustainable plan that ensures that the
Society continues to deliver public benefit through the Danny through its continued
preservation, use and maintenance.
Alongside a rigorous maintenance plan. we intend to use our marketing resources to
continue to:
Maximise income from cruises, caterlng, retail and fundraising.
Increase the corporate hire of the Danny whiSst static and cruising on the river Weaver.
- Encourage both cash and card donations
-continue to grow the membership of our Supporters Scheme (Membership Scheme) who
donate a monthly pledge.
We shall maintain an effective reGrultment and engagement plan for our volunteers, we have
recently undertaken a recruitment drive, and the new recruits are enjoying joining the team
A huge success for 2023 has been securing further Lottery Funding to support our Maritime
Heritage Maritime Futures project as described earlier.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Daniel Adamson Preservation Society is a charitaUe company h'mited by guarantee
(registered in England and Wales, No. 05ck88619) incorporated on 30th March 2004 and
registered as a charity (No. 1104681) on 1st July 20014.

THE DANIEL ADAMSON PRESERVATION SOCIETY
ST
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The thariiable company is govemed by ts Memorandum arvj Artides of Association dated 5th
March 2004, amended by special resolulion dated 7th October 2007, 13th September 2009, 31st
March 2021 and 25th April 2021.
The daY-t￿daY operation is run by the staff of the &Ktety.
Detalls of method of recruitment and appointment of trustees
As set out in the Artides of Association, not less than seven of the Trustees are nominat￿ and
elected by the society's members and not more than five are appointed as representat¢ves of
Charital￿e Compary who are engaged in Education, Heritage Management, Retail and Tourism in
the North West region. One third of the Trustees nwst stand down each year but may sland for re-
election. The Chainnan and principal Offi￿rS are nomlnated by approved by the Trust￿5.
All society members are cirGulated not less than 14 days prior to the AGM advising them of
retiring Trustees and requesting nominalions for new Trustees. The Trustees may co-opt
additional members. Vvhen considering co-opting members to the Board, Trustees have
regard to the requirement for any specialist skills needed at the time not currently available
within the Board.
REFERENCE AND ADMINISTRATIVE DETAILS
Name
The Daniel Adamson Preservation Society
05088619
Company Number
Charity Number
Reglstered office
1104681
54 St James Street
Liverpool, England, L1 OAB
M J Cooksley
J Graves
L Green
R Gwynne
J A Mclintock
M Moran
R P Scott
J Seddon
V Welsh
S Wood- Chair
V Welsh
Trustees
Secretary
Independent
Examiner
Ying Huang ACCA
Clo LCVS
151 Dale Street,
Liverpool, L2 2AH
Barclays Bank UK PLC
Le1￿$ter, LE87 2BB
Board of Trustees
Bankers
Signed
Ifoft
2024.
ood Tr
Date

THE DANIEL ADAMSON PRESERVATION SOCIETY
STATEMENT OF TRUSTEES RESPONSIBILITIES
Company law requires the Trustees to prepare financial statements for each f5nancial year
which give a true and fair view of the state of affairs of the Charitable company as at the balance
sheet date and of its incoming resources and application of resources, including income and
expenditure, for the financial year. In preparing those financial statements, the Trustees should
follow best practice and..
select suitable accounting policies and then apply them consistently.
observe the methods and principle in the Charities SORP (2019 (FRS102)1.
make judgements and estimates that are reasonable and prudent.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the company will continue as a going concern.
state whether applicable accounting standards have been followed, subject to any material
departure disclosed and explained in the financial statements.
The Trustees are responsible for maintaining proper aG¢ounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company and to enable
them to ensure that the financial stalements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the charitable company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordan￿ with the Charities Act 2011. Companies Act 2006,
Accounting and Reporting by Charities., Statement of Recommended Practice ISORP 2019)
applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS102) (as amended for accounting
perlods commencing from 1st January 2019).
By the Order of the board.
ood Trustee
54 St James Street
Liverpool
Merseyside
L1 OAB
Date..

INDEPENDENT EXAMINAER'S REPORT TO THE TRUSTEES OF
THE DANIEL ADAMSON PRESERVATION SOCIETY
I report on the accounts of the charitable company for the year ended
31st December 2023, which are set out on pages 8 to 18.
The trustees (who are also the directors of the company for the
purposes of company law) are responsible for the preparation of the
accounts. The trustees consider that an audit is not required for this
year under seclion 144(2) of the Charities Act 2011 (the 2011 Act)
and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act,
to follow the prO￿dureS laid down In the general Directions
given by the Charity Commission (under section 14515)(b) of
the 2011 Act, and
to state whether particular malters have come to my attention.
My examination was carried out in accordance wlth general
Directions given by the Charity Commission.
An examination
includes a review of the accounting records kept by the charitable
company and a comparison of the accounts presented with those
records. It also includes consideration of any unusual items or
disclosures in the accounts and seeking explanations from the
trustees concerning any such matters. The procedures undertaken
do not provide all the evidence that would be required in an audit,
and consequently no opinion is given as to whether the accounts
present a 'true and fairf view and the report is limited to those matters
set out in the statement below.
Res
ective
res
onsibilities of
trustees and examine
sis of inde
endent
examiner's statement
In connection with my examination, no matter has come to my
Inde
endent examineffs attention:
statement
(1) which gives me reasonable cause to believe that in, any
material respect, the requirements..
to keep accounting records in accordance with section 386
of the Companies Act 2006. and
to prepare accounts which accord with the accounting
records and compSy with the accounting requirements of
section 396 of the Companies Act 2006 and with the
methods and principles of the Statement of Recommended
Practi￿. Accounting and Reporting Charities
have not been met., or
(2) to which, in my opinion, attention should be drawn in order to
enable a proper understanding
of the accounts lo be
reached.
Name:
Ylng Huang
Relevant professional qualification or body.. ACCA
Address.. clo LCVS 151, Dale Street, Llverpool. L2 2AH
Dated..

THE DANIEL ADAMSON PRESERVATION SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE
ST
ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023
Notes Unrestricted Restricted
Fund5
Funds
2023
2023
Total
Funds
2023
Total
Funds
2022
Income and endowments from.
Donations and legacies
Charitable activities
other trading activities
Investments
3a
3b
36,958
95,067
18,115
36,958
15,327
64,489 159,556 132,497
18,115
22,014
3d
Totsl income
150,141
64,489 214,630 169,838
Resources expended
Raising funds
Charitable activities
14,400
198,150
14,400
9,766
20,946 219,096 219,529
Total resources expended
212,550
20,946 233,496 229,295
Net (expendlture)Ilncome, net
movement in funds
(62,409)
43,543 (18,866) (59,457)
Total funds brought forward
13,14
198,803
198,803 258,260
Total fund carried forward
12-14
136,394
43,543 179,937 198.803
The notes on pages 10 to 18 form part of these accounts.
All the above amounts relate to continuing activities of the charitable company.
This Statement includes all gains and losses recognisable in the year.

THE DANIEL ADAMSON PRESERVATION SOCIETY
ST
BALANCE SHEET AS AT 31 DECEMBER 2023
COMPANY NUMBER'.05088619
Notes
319t December 2023
31. Decembèr 2022
Flxed assets
Heritage assets
Current assets
Stock
Debtors
Cash at bank and in hand
2.323
16,700
167,439
4,818
7,638
198,508
186,462
210.984
Current Ilabilities
Creditors= amounts falling
due within one year
(6,526)
(12.162)
Net current assets
179,936
198,802
Totsl assets less Current
Ilabilitles
198,803
179,937
Funds:
Unrestricted funds
Restricted funds
12, 13
12, 14
136,394
43,543
198,803
179,937
198,803
These financial statements have been prepared in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS102).
These accounts have been prepared in accordance with the provisions applicable to small
companies subject to the small companies, regime and in accordance with FRS102 SORP.
For the period covered by these accounts the charitable company was entitled to exemption
under section 477 of the Companies Act 2006 relating to small companies.
No members have required the charitable company to obtsin an audit of its a￿OUnts for the
year in question in accordance with section 476 of the Companies Act 2006.
The Trustees, who are the Directors of the charitable company, acknowledge their responsibility
for complying with the requirements of the Act with respect to accounting records and the
preparation of financial statements.
Approved by the Board on ....
nd signed on their behalf by..
J Graves - Trustee

THE DANIEL ADAMSON PRESERVATION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ST
1. Llmited Liability
The charitable company is a company limited by guarantee. Each member's liability is limited
up to £10.
2. Accountlng Policles
The financial statements have been prepared in accordance with the Statement of
Recommended Practice: Accounting and Reporting by Charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS102) (SORP 2019) (effective 181 January 2019), Charilies Act 2011 and the Companies
Act 2006.
The accounts have been prepared under the historical cost convention with items recognised
at cost or transaction value unless othe￿iSe stated in the relevant note(s) to these accounts.
The accounts are prepared in sterling, which is the functional currency of the charitable
company. Monetsry amounts in these financial statements are rounded to the nearest £.
The Charitable Company has taken advantage of the provisions in the SORP for Charities
applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Going concern
At the time of approving the accounts, the trust88s have a reasonable expectation that the
charitable company has adequate reserves to continue in operational existence for the
foreseeable future. The Trustees are confident that the levels of liquidity and free reseNes will
not affect the charity's operations. Thus, the Trustees continue to adopt the going concem
basis of accounting in preparing the accounts.
Fund accountlng
Unrestricted funds are the Charitable Company's free reseNes available for the Trustees to
apply in accordance with the charitable company's charitable objectives.
Restricted funds are subject to specific restrictive conditions imposed by the donor. All
restricted funds are accounted for as restricted income and expenditure for the purposes is
charged to the fund.
Income recognitlon
All income is recognised once the charitable company has entitlement to the income, there is
suffiGient ￿rtaInty of receipt and so it is probable that the income will be re￿ived, and the
amount of income receivable can be measured reliabty.
Donations and legacies comprise of donations and gift aid which are recognised in the
accounts when received, with the exception of known legacies which are accounted for when
their re￿Ipt is ￿rtaIn.
Income from charitable activities is recognised on an accrLFal's basis except for grants
receivable, which are recognised on the date on which their unconditional payment is
confirmed by the donor.
Income from other trading activities relates to fundraising events, merchandise sales and
catering income and 18 recognised when the amount is certain.
Income from investment relates to bank interest and income from investments received and is
recognised when the amount is certain.
io

THE DANIEL ADAMSON PRESERVATION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
Expenditure recognition
Liabilities are recognised as soon as there is a legal or constructs've obligation committing the
charitable company to that expenditure, it is probable that settlement will be required, and the
amount of the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support costs and
governance costs, are allocated or apportioned to the applicable expenditure headings in the
Statement of Financial Activities. Support and governan￿ costs are applied to unrestricted
funds unless specifically included in the restrictions, as specified by the donor.
Expenditure on charitable activities relates to the operation of the charitable company
comprising of direct charitable expenditure to meet the objectives of the charitable company.
Support and governance costs relate to the management and operation of the organisation
and also compliance with constitutional and statutory requirements in producing the annual
report. These are dealt with in the Statement of Financial Activities when payment has been
approved by the charitable company.
Flxed assets
The only fixed asset is 'The Daniel Adamson, which is treated as a Herltage asset and is
included in the accounts at a nominal £1. There is no exiernal market value but the vessel has
an insurance value of £2 million.
Stock
stocks held are merchandise purchased to sell in the shop on board of the Daniel Adamson
and is accounted for at the lower of cost or net realisable value.
Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-
term liquid investments with original maturities of three months or less, and bank overdrafts.
Flnanclal Snstruments
The charitable company has elected to apply the provisions of Section 11 'Basic Financial
Instruments, and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of its
financial instruments.
Financial instruments are recognised in the charitable company's balance sheet when the
charitable company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounts presented in the financial
statements, when there is a legally enforceabte Tight to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Baslc flnanclal assets
Basic financial assets, which include debtors, cash and bank balances, are initially measured
at transaction price including transaction costs and are subsequently carried at amortised cost
using the effective interest method unless the arrangement constitutes a financing transaction,
where the transaction is measured at the present value of the future receipts discounted at a
market rate of interest. Financial assets classified as receivable within one year are nol
amortised.

THE DANIEL ADAMSON PRESERVATION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ST
Baslc financlal Ilabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the debt
instrument is measured at the present value of the fulure receipts discounted at a market rate
of interest. Financial liabilities classified as payable within one year are not amorlised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate
method.
Derecognitlon of flnanclal liabllltles
Financial liabilities are derecognised when the charitable company's contractual obligations
expire or are discharged or cancelled.
Critical accounting estlmates and Judgements
In the application of the charitable company's accounting policies, the Trustees are required to
make judgements, estimates and assumptions about the carrying amount of assets and
liabilities that are not readily apparent from other sources. The estimates and associated
assumptions are based on historical experience and other factors that are considered to be
relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basls. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.
TaXa￿On
Income and gains are exempt from taxation as they are received and applied for charitable
purposes only. The charitable company benefits from various exemptions from taxation
afforded by tax legislation and are not liable to corporation tax on income or gains falling within
those exemptions.
3. Income and ondowments from:
Unrestricted Restrlcted
Funds
Funds
2023
2023
Total
Funds
2023
Total
Funds
2022
a. Donations and legacles
Donations
Gift aid
34,614
2,344
34.614
2,344
13,148
2,179
36,958
36,958
15,327
Donations and legacies in 2022 relate wholly to unrestricted funds.
12

THE DANIEL ADAMSON PRESERVATION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
Unrestricted Restrictsd
Funds
Funds
2023
2023
Total
Funds
2023
Total
Funds
2022
b. Charftable activlties
Canal River Trust
Charter and ststic hire
Contract Income
Cruise fares
Culture Recovery Fund for Heritage
Cheshlre Community Fund
Maritime Heritage Fund
National Heritage Lottery Fund -
Resilient Funding
Membership subscriptions
5.000
5,000
11,091
4,874
68,267
11,091
4,874
68.267
21,447
83,363
10,000
49,489
10,000
49,489
9,827
6,000
11,860
10,835
10,835
95,067
64,489 159,556 132,497
Charitable activities in 2022 related to £116,670 unrestricted funds and £15,827 restricted
funds.
c. Other tradlng activitles
Fundraising
Merchandise income
Catering income
1,310
1,463
15.342
1,310
1 ,463
15,342
1,912
4,309
15,793
18,116
18,115
22,014
other trading activities in 2022 related wholly to unrestricted funds.
d. Investments
Bank interest
Investments in 2022 related wholly to Un￿StrICted funds.
4. Expenditure on raising funds
2023
2022
Performers and presenters
Merchandise
Catering costs
380
3,770
10,250
659
300
8.807
14,400
9,766
All expenditure on raising funds is unrestricted (2022.. £9,766)
13

THE DANIEL ADAMSON PRESERVATION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ST
5. Expenditure on charitable activlties
Direct
Support &
Charltable Governance
Expenditure
Costs
TOTAL
2023
TOTAL
2022
Preservation restoration, improvements
and maintenance of the steam powered
tugltender Daniel Adamson
110,876
108.220 219,096 219,529
a. Analysed as follows:
2023
2022
Direct charitable expenditure..
Insurance - marine policy
Tug operating costs
Volunteer expenses
Transport hire
Activities and events
Equipment and materials
Training
22,587
66,295
105
7,540
13,218
1,101
30
32,347
65.370
694
8,920
11,518
42
110,876
118,891
Support & Governance costs..
staff salary costs
Pension
Marketing
Insurance
Subscription fees
Bank charges
Uniform
Meeting costs
Travel expenses
Office and administration cost
Professional fees
Sundry expenses
Pension charges
Payroll fees
Accountancy
74,379
2,200
8,110
728
2,916
2,662
690
126
6,147
6,214
1,333
350
396
704
1.265
70,383
2,068
4,531
798
752
2,863
3,026
290
4,205
9,648
396
478
1,200
108,220
100,638
Total expendlture on Gharltable
actlvltles
219.096
219,529
£20,946 (2022: £15,827) of the above expenditure relates to restricted fundlng.
14

THE DANIEL ADAMSON PRESERVATION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ST
b. Staff Costs
2023
2022
Gross wages and salaries
Social seGurity costs
Pension
73,330
1,049
2,200
68,921
1,462
2,068
76,579
72,451
Particulars of Employees:
The average number of employees during the year, calculated on the basls of full-time
equivalents, was as follows:
2023
2.54
2022
Charitable activities
No employee received emoluments of more than £60,000 during the year
The Trustees are not remunerated for their services and are not included in the above number
of employees.
Trustees were reimbursed for travel and training cost in the year of £nil (2022- £nil).
6. Herltage assets
Danlel
Adamson
Total
Carrying value at 18¢ January 2023
and 31st December 2023:
This ts the cost of acquisition of the Daniel Adamson tug boat on 61h April 2004. The insured
value of the tug under a Marine Policy is £2,000,000 being the value of restoration work
and as required by the National Heritage Lottery Fund (NHLF) pursuant to a deed of
covenant.
7. Stock
2023
2022
Merchandise closing stock
2,323
4,818
8. Debtors
2023
2022
Prepayments
Other debtors
11,985
4,715
7,638
16,700
7,638
15

THE DANIEL ADAMSON PRESERVATION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ST
9. Credltors: amounts falllng due wlthin on8 year
2023
2022
Trade creditors
Accruals
Tax and social security
Deferred income (see note 10)
3,895
1,631
1,000
2,779
1,200
8,183
6,526
12,162
10.Deferred Income
2023
2022
Balance at i$1 January 2023
Amount deferred in the year
Amount released to income
8,183
8,458
958
(1,233)
(8,183)
Balance at 31 December 2023
8,183
11.Financial Instruments
2023
2022
Carrying amount of financial assets:
Debt instruments measured at cost
186.462
210,965
Carrying amount of financial liabilities:
Measured at cost
5,526
3,979
12. Analysls of net assets between funds
2023
Heritage Net current
assets
assets
Totsl
Unrestrlcted Funds
General Fund
136.393
136,394
Restricted Funds
Cheshire Community Foundation
Maritime Heritage Fund
1,227
42,316
1,227
42,316
43,543
Totals
179,936
179,937
16

THE DANIEL ADAMSON PRESERVATION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ST
2022
Heritage Net current
assets
assets
Totsl
Unrestrlcted Funds
General Fund
198,802
198,803
Restricted Fund8
Totals
198,802
198,803
13. Unrestrfcted Funds
2023
Movements In the Year
Income Expendlture
Reserves
at Beginnlng
of Year
Reserves
at End
of Year
General Fund
198,803
150,141
{212.550)
136.394
2022
Movements In the Year
Income Expendlture
Reserves
at Beginning
of Year
Reserves
at End
of Year
General Fund
258,260
154,011
(213,468
198,803
General Fund is used to finance the charitable company's general activities as outlined in the
Trustees, Report.
14. Restricted Funds
Movements in the Year
Income Expendltu
Reserves
at Beginning
of Year
Reserves
at End
of Year
2023
Canal River Trusl
Cheshire Community Fund
Maritime Heritage Fund
5,000
10,000
49,489
(5,000)
(8,773)
(7,173)
1,227
42,316
64,489
(20,946)
43,543
17

THE DANIEL ADAMSON PRESERVATION SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
Movements in the Year
Income Expendlture
Reserves
at Beginning
of Year
Reserves
at End
of Year
2022
Cheshire Communty Fund
National Heritage Lottery Fund
Resilient Funding
9.827
6,000
(9,827)
(6,000)
1S,827
(15,827)
Descrlptlon of Funds
These are monies given to the charitable company to be spent at the discretlon of the Board of
Trustees for specific charitable purposes, as follows=
Canal River Trust - Contribution towards activities
Cheshlre Communlty Fund - Contribution towards young person's events
Marltime Heritage Fund - Contribution towards 'Maritime Heritage. project
Natlonal Heritage Lottery Fund - Resllient Funding - Contribution towards to make the
Charitable Company more resilient. It covered costs for consultants in Marketing and
Fundraising, marketing campaign and salary for our Learning & Participation Manager who
leads on external fundraising.
15.Operating Lease Commitments
There were no financial commitments as at 31 St December 2023 (2022.. nil)
16. Related Party Transactions
There were no material related party transactions during the year which require disclosure
(2022.. none).
17.Guarantee8
As at 31st December 2023. 372 members had given a guarantee of £10 each in the event of
the charitable company winding-up, total.. £3,720 (2022,. 276 members £2,760).
18

THE DANIEL ADAMSON PRESERVATION SOCIETY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
(This page does not form part of the statutory financial statements)
81
2023
2022
INCOME
Grant income
Contract Income
Donations
Gift aid
Members subscriptions
Charter and static hire
Crulse fares
Fundraising
Merchandise income
Caterlng income
Bank interest
64,489
4,874
34,614
2,344
10,835
11,091
68,267
1,310
1,463
15,342
15,827
13,148
2,179
11,860
21,447
83,363
1,912
4,309
15.793
Total Income
214,630
169,838
Expenditure
Ralslng funds
Pèrformers and presenters
Merchandise
Catering costg
659
300
8,807
3,770
10,250
14,4
9,766
Charitable Actlvlty
staff salary costs
Pension
Marketing and publicity
Activities and events
Equipment and materials
Volunteer expenses
Insurance- marine policy
Insuran
Tug operating costs
Training
Subscription fees
Travel expenses
Transport hire
Office and administration cost
Professional fees
Bank charges
Uniform
Sundry expense
Meeting costs
Pension Charges
Payroll fees
Accountancy
74,379
2,200
8,110
13,218
1,101
105
22,587
728
66,295
30
2,916
6,147
7,540
6,214
s1,333
2.662
690
350
126
396
704
1,265
70,383
2,068
4.531
11,518
32,347
798
65,370
42
752
4,205
8,920
9,648
2,863
3,026
290
396
478
1,200
Tolal expendlture on charltable actlvlties
219,096
219,529
Tolal expendlture
233,496
229,295
Net {expendlture) for the year
(18,8661
159,467)
19