2021-12-31-accounts

Trustees		CA Bennett	CA Bennett
		D M Gaunt
		R I Langford
		WJ Luesley
		PTSmith
		J Deacon
		L Bradshaw			(Appointed	6April 2021j
Charity number		1166460
Company	number	09784120
Principal address		501 Birmingham		New Road
		Dudley
		West Midlands
		DY1 4SB
Independent	examiner	CKAudit
		No 4 Castle	Court 2
		Castlegate	Way
		Dudley
		West Midlands
		DY14RH
Solicitors		Higgs 6Sons
		3Waterfront	Business Park
		Brierley Hill
		West Midlands
		DY5 1LX

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
				2021	2021		2020	2020	2020
			Notes	6	6		6	6	6
In
Donations and legacies			2	408,763	55,916	464,679	367,633	45,000	412,633
Chaditable activities			3	289,038		289,038	104,381		104,381
Other income			4	3,934		3,934	20,925		20,925
Total income				701,735	55,916	757,651	492,939	45,000	537,939
jzgmILtutroon'
Charitable activities			5	527,121	50,259	577,380	366,422	47,821	414,243
Net gains/(losses)		on
investments			9	13		13
Net movement	in	funds		174,627	5,657	180,284	126,517	(2,821)	123,696
Fund balances at 1 January
2021				134,049	2,000	136,049	7,532	4,821	12,353
Fund balances	at	31
December 2021				308,676	7,657	316,333	134,049	2,000	136,049

			2021		2020
		Notes	f
Fixed assets
Tangible assets		10		48,711		44,576
Investments		11		2,014		1
				50,725		44,577
Current assets
Debtors		13	63,728		27,964
Cash at bank and in	hand		213,324		99,128
			277,052		127,092
Creditors: amounts	falling due within
one year		14	(11,444)		(35,620)
Net current assets				265,608		91,472
Total assets less current liabilities				316,333		136,049
Income funds
Restricted funds		15		7,657		2,000
Unrestricted funds				308,676		134,049
				316,333		136,049

their useful lives on the following base	s:
Leasehold buildings	10%straight	line
Boats and equipment	20% reducing	balance and at varying	rates on cost
Office furniture and equipment	20% reducing	balance
Motor vehicles	20% reducing	balance

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021f	2021f	2020	2020 f	2020 6
Donations		and gifts	117,417	7,035	124,452	81,654		81,654
Grants received			291,346	48,881	340,227	285,979	45,000	330,979
			408,763	55,916	464,679	367,633	45,000	412,633
Donations		and gifts
Donations			19,538		19,538	6,019		6,019
Donations	from Dudley
Canal Trust						50,413		50,413
Donation	from Dudley
Canal Trust		(Trips)
Limited				7,035	7,035	659		659
GiR aid			71,322		71,322	23,063		23,063
Gift aid from subsidiary			23,804		23,804	1,500		1,500
Other			2,753		2,753
			117,417	7,035	124,452	81,654		81,654

Donatio	ns and legacies						(Continued)
Grants	receivable for
core activities
Culture	recovery grant	274,593		274,593	154,900		154,900
Furlough	grant	16,753		16,753	130,590		130,590
Heritage	fund
emergency grant						45,000	45,000
Historic	England		48,881	48,881
Other					489		489
		291,346	48,881	340,227	285,979	45,000	330,979

			2021 5	2020f
Boat income ( including		rally)	272,808	97,302
Workshop	income		4,102	3,235
Admissions	and booking	fees	8,643	2,858
Membership	subscriptions			986
Rental income			3,485
			289,038	104,381

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		6	6
Net gain on disposal oftangible	fixed assets		1,618
Other income		3,934	19,300
Bank interest and booking fees			7
		3,934	20,925

				2021	2020
				6	6
Staff costs				209,439	210,959
Depreciation and impairment				11,396	11,733
Electric, gas, telephone		and water		51,707	31,642
Professional fees				17,574	16,215
Maintenance and upkeep				54,909	23,707
Marketing advertising	and		PR	34,156	17,666
Service contracts				19,831	3,991
Heritage activities				22	281
Health and safety				2,012	416
Consumables				1,658	1,191
Volunteer expenses				3,884	405
Activities and events				91	166
Accommodation recharge			to Enterprise	(40,000)	(40,000)
Commission				27,896	10,382
Rent rates and insurance				4,418	14,877
Specific Culture recovery			spend	25,247
Specific Historic England			spend	36,636
				460,876	303,631
Share ofsupport costs (see note 6)				112,170	102,933
Share ofgovernance	costs (see note 6)			4,334	7,679
				577,380	414,243
Analysis by fund
Unrestricted funds				527,121	366,422
Restricted funds				50,259	47,821
				577,380	414,243

Support co	sts
		Support	Governance	2021	Support	Governance	2020
		costs	costs		costs	costs
			6			8
Staff costs		80,804		80,804	67,890		67,890
Depreciation		1,135		1,135	2,056		2,056
Service costs		15,719		15,719	17,836		17,836
Directors expenses		286		286	936		936
Motor travel	and
entertaining		457		457	54		54
Legal and professional
fees		4,516		4,516	8,004		8,004
Bank charges		9,253		9,253	6,157		6,157
Legal and professional			884	884		2,861	2,861
Accountancy	and payroll
services			3,450	3,450		3,568	3,568
Independent
examination	fee					1,250	1,250
		112,170	4,334	116,504	102,933	7,679	110,612
Analysed between
Charitable activities		112,170	4,334	116,504	102,933	7,679	110,612

Employment costs	2021	2020
		6
Wages and salaries	269,884	260,199
Social security costs	13,937	14,007
Other pension costs	6,422	4,643
	290,243	278,849

			Unrestricted	Total
			funds
			2021	2020
			6	6
Revaluation	of	investments	13

10	Tangible fixed assets	Tangible fixed assets
			Leasehold	Boats and	Office	Total
			buildings	equipment	furniture and
					equipment
					6
	Cost
	At 1 January 2021		300	214,776	33,014	248,090
	Additions		2,050	14,617		16,667
	At 31 December 2021		2,350	229,393	33,014	264,757
	Depreciation and impairment
	At 1 January 2021		63	174,629	28,823	203,515
	Depreciation charged	in the year	150	11,529	852	12,531
	At 31 December 2021		213	186,158	29,675	216,046
	Carrying amount
	At 31 December 2021		2,137	43,235	3,339	48,711
	At 31 December 2020		237	40,148	4,191	44,576

					Listed	Listed	Other	Total
					investments		investments
	Cost or valuation
	At 1 January 2021							1
	Additions				2,000			2,000
	Valuation changes					13		13
	At 31 December 2021				2,013			2,014
	Carrying amount
	At 31 December 2021				2,013		1	2,014
	At 31 December 2020
							2021	2020
	Other investments comprise:				Notes		8	8
	Investments in subsidiaries				18
12	Financial instruments						2021	2020
								8
	Canying amount offinancial assets
	Instruments measured	at fair	value through	profit or loss			2,013
13	Debtors
							2021	2020
	Amounts falling due	within	one year:				6	6
	Trade debtors						3,696
	Amounts owed by subsidiary		undertakings				11,180	18,655
	Other debtors						46,952	7,990
	Prepayments and accrued income						1,900	1,319
							63,728	27,964

Creditors:	am	ount	s	falling	due	within	one yea	r
													2021	2020
													6	K
Other taxation		and	social security											3,999
Trade creditors													5,834	5,295
Other creditors													612	19,439
Accruals and		deferred		income									4,998	6,887
													11,444	35,620
Restricted	funds
The income funds			of	the charity		include	restricted	funds		comprising		the following	unexpended	balances of
donations	and	grants		held on	trust for specific purposes:
					Movement		in funds					Movement	in funds
		Balance at			Incoming		Resources			Balance at		Incoming	Resources	Balance at
		1January		2020	resources		expended1		January		2021	resources	expended	31December
														2021
				6		6					f		6
British
museum				1,321			(1,321)
Art connect			1,000				(1,000)
Richardson
foundation			2,500					(500)		2,000				2,000
Heritage
grant						45,000	(45,000)
Harry Payne												31	(31)
Dudley No. 2
Canal Project												7,004	(7,004)
Historic
England												48,881	(43,224)	5,657
			4,821			45,000	(47,821)			2,000		55,916	(50,259)	7,657

16	Analysis ofnet assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
		8	8		E		8
	Fund balances at 31
	December 2021 are
	represented by:
	Tangible assets	45,299	3,412	48,711	44,576		44,576
	Investments	2,014		2,014	1		1
	Current assets/
	(liabilities)	261,363	4,245	265,608	89,472	2,000	91,472
		308,676	7,657	316,333	134,049	2,000	136,049

2021	2020f
52,137	48,719

Sale ofasset
2021	2020
6	8
	5,500

Name of undertaking	Registered	Registered	Nature ofbusiness	Class of	%Held
	office			shares held	Direct Indirect
Dudley Canal Trust	England	and	Preservation and	Ordinary	100.00
Enterprises Limited	Wales		development ofthe Dudley
			Canal Network