**Registered number: 05194105 Charity number: 1108393**
## **THE KINGFISHER MEDWAY TRUST**
**(A company limited by guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 OCTOBER 2023**
## **THE KINGFISHER MEDWAY TRUST**
## **(A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Company, its Trustees and advisers**|1|
|**Trustees' report**|2 - 6|
|**Independent examiner's report**|7|
|**Statement of financial activities**|8|
|**Balance sheet**|9 - 10|
|**Notes to the financial statements**|11 - 20|
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2023**
|**Trustees**|Stephen Wood, Chairman|
|---|---|
||Michael Subert|
||Jane Rogers|
||Patricia Cadman|
||Christopher Callow|
||Debbie Reeve,|
|**Company registered**||
|**number**|05194105|
|**Charity registered**||
|**number**|1108393|
|**Registered office**|20 Berwyn Grove|
||Maidstone|
||Kent|
||ME15 9RD|
|**Bankers**|HSBC|
||38 High Street|
||Dartford|
||Kent|
||DA1 1DG|
Page 1
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2023**
The Trustees present their annual report together with the financial statements of The Kingfisher Medway Trust for the year 1 November 2022 to 31 October 2023. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
## **Objectives and activities**
## **a. Policies and objectives**
The Charity's objects are to relieve young persons under the age of 25, adults and the elderly, any of whom suffer from mental or physical disabilities or long term illnesses, by the provision of facilities for recreation or other leisure time occupation and in particular by the provision of pleasure boat trips on the River Medway for such persons and their carers.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Activities undertaken to achieve objectives**
The provision of facilities for recreation has continued throughout the year.
## **c. Volunteers**
The charity is grateful for the unstinting efforts of its volunteers who are involved in provision of the facilities. We wish to thank our friends for their loyal support.
Page 2
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023**
## **Achievements and performance**
## **a. Review of activities**
The ‘’Kingfisher Mark’’ operates every weekday from the end of April to the beginning of October. Each day usually consists of two trips, a 4 hour trip from 10am to 2 PM then a 2 hour trip from 2.30 PM to 4.30 PM. In the 2023 season we managed to operate trips on over 100 days. We look forward to another full season in 2024.
The “Kingfisher Mark” underwent some modifications during the close season of 2022/23 designed to improve crew safety and the passenger experience. Issues with the electrical power system were resolved satisfactorily at no cost to the Trust, apart from some loss of income when non-operational. It then operated normally for the majority of the season and has been laid up for the winter 2023/24 in good condition.
We anticipate that we will have a compliment of 53 volunteers of which 12 will be licenced skippers. The Trustees gratefully acknowledge the contribution of all the volunteers and their dedication to the Kingfisher project and its clients. We would like to thank our crews who, in addition to all the normal duties, have spent a lot of time between trips cleaning and sanitising the boat.
## **b. Fundraising activities and income generation**
The income of the charity is normally generated mainly from trip fees. A morning trip for 12 people costs a total of £55 and an afternoon trip, £35. The balance of income comes mainly from supporters who come forward with generous donations.
The charity does not actively engage in fundraising activities nor employ any third party fundraisers.
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
At 31 October 2023 there were free reserves of £34,015 (2022 £49,580) in the Company. The Trustees will review the use of those reserves and use them to further the charitable objects of the Trust.
## **c. Principal risks and uncertainties**
The Trustees remain conscious of the need for a continuous review of operating policies and procedures to maintain high safety standards. Detailed policies, operating procedures and risk assessments and documented within the Trust's "Policies, Procedures and Risk Assessment" manual which is reviewed prior to the commencement of each season.
Page 3
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023**
## **d. Financial risk management objectives and policies**
The Trustees have a risk management strategy which comprises the annual review of the principal risk and uncertainties that the charity faces and the establishment of policies, systems and procedures to mitigate those risks.
## **e. Principal funding**
Costs exceeded income for the year by £24,677 (2022 – deficit £11,249).
The trust is in a satisfactory position, having cash funds of £34,215 which are allocated as follows:
Emergency repairs fund £5,500 Working capital £28,715 £34,215
Kingfisher Mark is booked out every weekday for over 5 months each year. It is therefore essential that funds are set aside to carry out major repairs immediately and so minimise the cancellation of bookings and the disappointment that would cause.
We would also like to thank those clients who had paid trip fees in advance and, when the trips were cancelled, donated those trips fees to us.
Our thanks also for the generosity and unstinting help from Medway Wharf Marina where the Kingfisher Mark is moored.
## **Structure, governance and management**
## **a. Constitution**
The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 30 July 2004. The company's registered office is 20 Berwyn Grove, Maidstone, Kent, ME15 9RD.
The company is constituted under a Memorandum of Association dated 30 July 2004 and is a registered charity number 1108393. The company's registration number is 05194105.
## **b. Methods of appointment or election of Trustees**
The management of the Company is the responsibility of the Trustees, who are also the directors of the charity for the purposes of the Companies Act 2006, who are elected and co-opted under the terms of the Articles of Association.
Page 4
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023**
## **Structure, governance and management (continued)**
## **c. Organisational structure and decision-making policies**
The organisation is governed by a Board of Trustees. The Trustees, who are also directors, who served in the year were:-
Stephen Wood, Chairman Michael Subert Jane Rogers Patricia Cadman Christopher Callow Debbie Reeve
The Board of Trustees met 6 times in the year ended 31 October 2023.
## **d. Policies adopted for the induction and training of Trustees**
The charity relies on the guidance issued by the Charities Commission in relation to the induction and training of Trustees.
## **Plans for future periods**
## **Future Developments**
The Trustees continue to ensure that the future governance of the Trust and the project's operation in years to come is safeguarded with plans in place to address succession requirements and the ongoing recruitment of younger Trustees and volunteers.
## **Public benefit**
The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit.
Page 5
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023**
## **Statement of Trustees' responsibilities**
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees on 8 January 2024 and signed on their behalf by:
## **Patricia Cadman**
Page 6
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2023**
## **Independent Examiner's Report to the Trustees of The Kingfisher Medway Trust ('the Company')**
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 October 2023.
## **Responsibilities and Basis of Report**
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
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.
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
Peter Farres
24 January 2024
Page 7
## **THE KINGFISHER MEDWAY TRUST**
## **(A company limited by guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2023**
|**Note**
**Income from:**
Donations and other income
4
Operational Income: Trip fees
5
Investments: Interest received
6
Gain: Sale of Kingfisher
7
**Total income**
**Expenditure on:**
Operational expenses:
8
Repairs, maintenance and
sundry replacements
Mooring costs
Electricity, fuel and gas
Depreciation
Other expenses
**Total expenditure**
**Net (expenditure) / income**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2023**
**£**
**-**
**-**
**-**
**-**||**Unrestricted**
**funds**
**2023**
**£**
**800**
**7,985**
**47**
**-**|**Total**
**funds**
**2023**
**£**
**800**
**7,985**
**47**
**-**|_Total_
_funds_
_2022_
_£_
_512_
_9,256_
_37_
_4285_
_14,090_
_6,010_
_1,364_
_1,269_
_9,112_
_7,584_
_25,339_
_(11,249)_
_(11,249)_
_223,309_
_(11,249)_
_212,060_|
|---|---|---|---|---|---|
||**-**
**-**
**-**
**-**
**-**
**-**||**8,832**
**15,138**
**1,364**
**1,260**
**9,112**
**6,635**
**33,509**
**(24,677)**
**(24,677)**
**212,060**
**(24,677)**
**187,383**|**8,832**
**15,138**
**1,364**
**1,260**
**9,112**
**6,635**
**33,509**
**(24,677)**
**(24,677)**
**212,060**
**(24,677)**
**187,383**||
|||||||
||**-**|||||
||**-**
**-**
**-**
**-**|||||
|||||||
|||||||
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 20 form part of these financial statements.
Page 8
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee) REGISTERED NUMBER: 05194105**
## **BALANCE SHEET AS AT 31 OCTOBER 2023**
|**Fixed assets**
**Note**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within one
year
13
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Total net assets**
**Charity funds**
Restricted funds
15
Unrestricted funds
15
**Total funds**|**-**
**34,215**
**34,215**
**(200)**|**2023**
**£**
**153,368**
**153,368**
**34,015**
**187,383**
**187,383**
**187,383**
**-**
**187,383**
**187,383**||_-_
_50,010_|_2022_
_£_
_162,480_
_162,480_
_49,580_
_212,060_
_212,060_
_212,060_
_-_
_212,060_
_212,060_|
|---|---|---|---|---|---|
|||||_50,010_
_(430)_||
|||||||
Page 9
# **THE KINGFISHER MEDWAY TRUST**
**(A company limited by guarantee) REGISTERED NUMBER: 05194105**
# **BALANCE SHEET (CONTINUED) AS AT 31 OCTOBER 2023**
The Company is entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 8 January 2024 and signed on their behalf by:
## **Stephen Wood**
## **Patricia Cadman**
The notes on pages 11 to 20 form part of these financial statements.
Page 10
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
## **1. General information**
The company is a company limited by guarantee. The Trustees listed on page 1 are members of the company. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
The company is a company limited by guarantee (company number 05194105). The company is also a registered charity (number 1108393).
The company's registered office is:
20 Berwyn Grove Maidstone Kent ME15 9RD
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Kingfisher Medway Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The Kingfisher Medway Trust constitutes a public benefit entity as defined by FRS 102.
## **2.2 Income**
All income is recognised once the Company has entitlement to the income and it is probable that the income will be received and the amount of income receivable can be measured reliably.
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Charitable activities and Governance costs are costs incurred on the company's operations, including support costs and costs relating to the governance of the company apportioned to charitable activities.
Page 11
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
## **2. Accounting policies (continued)**
## **2.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company; this is normally upon notification of the interest paid or payable by the bank.
## **2.5 Cash flow**
The financial statements do not include a statement of cash flows because the charitable company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2015).
## **2.6 Tangible fixed assets and depreciation**
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Boat and equipment - 20 years straight line Boat batteries - 10 years straight line
There is no depreciation charged in the year of acquisition.
## **2.7 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.8 Cash at bank and in hand**
Cash at bank and in hand includes cash, short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account, and any long-term deposits held.
## **2.9 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.
Page 12
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
## **2. Accounting policies (continued)**
## **2.10 Financial instruments**
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.11 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
## **3. Critical accounting estimates and areas of judgment**
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
Tangible fixed assets: the Trustees annually assess both the residual value of assets and their expected useful life.
## **4. Income from donations and other income**
|Donations
Donations
|**Restricted**
**funds**
**2023**
**Unrestricted**
**funds**
**2023**
**Total**
**funds**
**2023**
**£**
**£**
**£**
- 800 800
_Restricted_
_funds_
_2022_
_Unrestricted_
_funds_
_2022_
_Total_
_funds_
_2022_
_£_
_£_
_£_
_-_
_512_
_512_|
|---|---|
Page 13
## **THE KINGFISHER MEDWAY TRUST**
## **(A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
## **5. Income from operations**
|**Unrestricted**
**funds**
**2023**
**£**
Trip fees
7,985
**6.**
**Investment income**
Interest received
Interest received
**7.**
**Gain - 2022**
The original “Kingfisher” was sold for £25,000 which after sales costs of
£860 gave a profit over its depreciated value of £4,285.|**Total**
**funds**
**2023**
**£**
**7,985**
**Unrestricted**
**funds**
**2023**
**£**
47
_Unrestricted_
_funds_
_2022_
_£_
_37_|_Total_
_funds_
_2022_
_£_
_9,256_|
|---|---|---|
|||**Total**
**funds**
**2023**
**£**
**47**|
|||_Total_
_funds_
_2022_
_£_
_37_|
||||
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
||**Unrestricted**|**Total**|
|---|---|---|
||**funds**|**funds**|
||**2023**|**2023**|
||**£**
|**£**|
|Operational expenses|33,509|**33,509**|
Page 14
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
## **8. Analysis of expenditure on charitable activities (continued)**
## **Summary by fund type (continued)**
||_Unrestricted_|_Total_|
|---|---|---|
||_funds_|_funds_|
||_2022_|_2022_|
||_£_|_£_|
|Operational expenses|_25,339_|_25,339_|
## **9. Analysis of expenditure by activities**
|Operational expenses
Operational expenses|**Activities**
**undertaken**
**directly**
**2023**
**£**
26,874
_Activities_
_undertaken_
_directly_
_2022_
_£_
_17,755_|**Support**
**costs**
**2023**
**£**
6,635
_Support_
_costs_
_2022_
_£_
_7,584_|**Total**
**funds**
**2023**
**£**
**33,509**|
|---|---|---|---|
||||_Total_
_funds_
_2022_
_£_
_25,339_|
Page 15
**THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Insurance
Licence and memberships
Skipper licence costs and training
First aid training, administration expenses and other costs
Kit for volunteers
Insurance
Licence and memberships
Skipper licence costs and training
First aid training, administration expenses, new boat trialling costs
Kit for volunteers|**Operational**
**expenses**
**2023**
**£**
2,935
577
520
2,413
190
6,635
_Operational_
_expenses_
_2022_
_£_
_2,532_
_337_
_1,812_
_2,127_
_776_
_7,584_|**Total**
**funds**
**2023**
**£**
**2,935**
**577**
**520**
**2,413**
**190**|
|---|---|---|
|||**6,635**|
|||_Total_
_funds_
_2022_
_£_
_2,532_
_337_
_1,812_
_2,127_
_776_|
|||_7,584_|
## **10. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2022 - £NIL)_ .
During the year ended 31 October 2023 expenses totalling £4,088 were reimbursed to 5 Trustees _(2022 - £6,294 to 4 Trustees)._ The expenses were reimbursements for expenditure on administration and boat running costs paid by the Trustees.
Page 16
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
## **11. Tangible fixed assets**
|**Cost or valuation**
At 1 November 2022
Additions
Disposals
At 31 October 2023
**Depreciation**
At 1 November 2022
Disposals
Charge for year
At 31 October 2023
**Net book value**
At 31 October 2023
_At 31 October 2022_
**12.**
**Debtors**
**Due within one year**
Other debtors|**Boat and**
**equipment**
**£**
160,984
-
-
160,984
8,044
8,044
16,088
144,896
_152,940_|**Batteries**
**£**
10,608
-
-
10,608
1,068
-
1,068
2,136
8,472
_9,540_
**2023**
**£**
**-**
**-**|**Total**
**£**
**171,592**
**-**
**-**
**171,592**
**9,112**
**9,112**
**18,224**
**153,368**
_162,480_
_2022_
_£_
_-_
_-_|
|---|---|---|---|
Page 17
## **THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
## **13. Creditors: Amounts falling due within one year**
|Other creditors - Trip fees paid in advance
**14. Financial instruments**
**Financial assets**
Cash and cash equivalents|**2023**
**£**
**200**
**2023**
**£**
**34,215**|_2022_
_£_
430
_2022_
_£_
50,010|
|---|---|---|
Page 18
**THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
## **15. Statement of funds**
## **Statement of funds - current year**
|**Balance at 1**
**November**
**2022**
**Unrestricted funds**
**£**
General Funds - all funds
**212,060**
**Restricted funds**
Restricted Funds - all
funds
**-**
**Total of funds**
**212,060**
**Statement of funds - prior year**
_Balance at 1_
_November_
_2021_
**Unrestricted funds**
_£_
General Funds - all funds_223,309_
**Restricted funds**
Restricted Funds - all
funds
_-_
**Total of funds**
_223,309_|**Income**
**£**
**8,832 **
**-**
**8,832**
_Income_
_£_
_14,090_
_-_
_14,090_|**Transfers**
**Expenditure**
**in/out**
**£**
**£**
**(33,509)**
**- **
**-**
**-**
**(33,509)**
**-**
_Transfers_
_Expenditure_
_in/out_
_£_
_£_
_(25,339)_
_-_
_-_
_-_
_(25,339)_
_-_|**Balance at**
**31 October**
**2023**
**£**
**187,383**|
|---|---|---|---|
||||**-**|
||||**187,383**|
||||_Balance at_
_31 October_
_2022_
_£_
_212,060_|
||||_-_|
||||_212,060_|
Page 19
**THE KINGFISHER MEDWAY TRUST (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023**
## **16. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**
**Analysis of net assets between funds - prior year**
Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**Funds**
**2023**
**£**
153,368
34,215
(200)
187,383
_Unrestricted_
_funds_
_2022_
_£_
_162,480_
_50,010_
_(430)_
_212,060_|**Total**
**funds**
**2023**
**£**
**153,368**
**34,215**
**(200)**|
|---|---|---|
|||**187,383**|
|||_Total_
_funds_
_2022_
_£_
_162,480_
_50,010_
_(430)_|
|||_212,060_|
17. There are no capital commitments (2022 Nil).
Page 20