# ## |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|||