## **Lancaster Canal Trust Registered Charity no. 1167020 Accounts for Year ending 31 March 2024** 

## **Income and expenditure year ending 31/03/2024** 

|**Income**<br>**Sales**<br>6th Ed Guide Book Sales<br>6th Ed Guide Book Discount<br>7th Ed Guide Book Discount<br>7th Edition Guide Book Adverts<br>7th Ed Guide Book Sales<br>Other Book Sales<br>200 Years of the Lancaster Canal<br>Plaque Sales<br>Post & Packing Sales<br>**Fundraising & Interest on Balances**<br>Buy a Block<br>Fund The Bund Total<br>Other - Gift Aided<br>Interest<br>General Fund<br>Talks<br>**Membership and Donations**<br>Membership Subscriptions<br>100 Club Subscriptions<br>Other Income<br>Donations<br>Donations - Howard Broomby<br>**Trip Boat**<br>Chartered Trips<br>Trip Boat Tickets<br>Boater's Dinner income<br>**Other Comprehensive Income**<br>**Total Income**<br>**Expenditures**<br>**Promotion & Events**<br>Country Fest - Current Year<br>Westmorland Show<br>Web Site<br>**Memberships & Subscriptions**<br>LCRP<br>Subscriptions Paid<br>**Restoration and Working Parties**<br>2018 FF Relining<br>Consumables<br>Contractors<br>FF Materials<br>F2&3<br>Miscelllaneous<br>2020 FF Stop Planks<br>Equipment<br>General<br>WRG Work Camp<br>Working Party Materials<br>**Trip Boat Expenses**<br>Boat Fuel|**Year Ending**<br>**31 March 2024**<br>15.50<br>0.00<br>-645.60<br>0.00<br>2,554.30<br>304.80<br>277.50<br>57.00<br>24.00<br>2,587.50<br>120.00<br>96.00<br>0.00<br>3,388.84<br>0.00<br>310.00<br>3,914.84<br>3,689.00<br>504.00<br>0.00<br>2,628.99<br>175.62<br>6,997.61<br>690.00<br>2,483.00<br>555.00<br>3,728.00<br>15,500.00<br>**32,727.95**<br>194.00<br>1,135.20<br>411.59<br>1,740.79<br>0.00<br>133.00<br>133.00<br>0.00<br>0.00<br>0.00<br>0.00<br>780.74<br>757.98<br>0.00<br>69.00<br>0.00<br>4,636.44<br>304.09<br>6,548.25<br>224.96|**Year Ending**<br>**31 March 2023**<br>13.00<br>0.00<br>-1,150.80<br>0.00<br>4,575.00<br>119.50<br>253.50<br>35.50<br>46.00|
|---|---|---|
|||3,891.70<br>110.00<br>3,538.50<br>0.00<br>1,190.21<br>0.00<br>150.00|
|||4,988.71<br>3,849.00<br>622.00<br>860.00<br>1,555.33<br>520.00|
|||7,406.33<br>458.50<br>2,360.42<br>661.95|
|||3,480.87<br>**19,767.61**<br>0.00<br>282.60<br>2,104.80|
|||2,387.40<br>0.00<br>129.00|
|||129.00<br>0.00<br>0.00<br>0.00<br>0.00<br>0.00<br>400.00<br>0.00<br>33.65<br>0.00<br>0.00<br>47.40|
|||481.05<br>0.00|





|Boat Insurance<br>Boat Licence (C&RT)<br>Boat Other Running Costs<br>Boat Refurbishment<br>Boat Training<br>Boater's Dinner Costs<br>**Waterwitch Magazine**<br>Distribution<br>Printing<br>**Governance Costs**<br>Accountancy<br>AGM<br>Insurance<br>Bank Charges<br>**Running Costs and Costs Of Fundraising**<br>Millness Building & Wharf<br>Utility Costs<br>Repairs and Maintenance<br>Small Tools and Equipment<br>7th Ed Guide Book Costs<br>200 Years of the Lancaster Canal Costs<br>100 Club Prizes & Costs<br>Cost of Sales<br>Postage<br>**Total Expenditure**<br>**Surplus/(deficit) for the year**|1,393.52<br>891.24<br>310.55<br>1,367.44<br>1,939.28<br>555.00<br>6,681.99<br>0.00<br>2,092.00<br>2,092.00<br>355.20<br>443.00<br>1,580.32<br>98.15<br>2,476.67<br>95.86<br>0.00<br>58.90<br>0.00<br>0.00<br>157.08<br>0.00<br>100.00<br>655.83<br>1,287.35<br>2,355.02<br>**22,027.72**<br>**10,700.23**|0.00<br>766.03<br>0.00<br>477.90<br>1,050.34<br>661.95|
|---|---|---|
|||2,956.22<br>348.23<br>1,128.00|
|||1,476.23<br>316.80<br>123.34<br>2,004.96<br>108.51|
|||2,553.61<br>70.11<br>46.35<br>8.99<br>2,005.35<br>1,145.00<br>135.00<br>1,152.97<br>283.97|
|||4,847.74<br>**14,831.25**<br>**4,936.36**|





## **Lancaster Canal Trust Registered Charity no. 1167020 Accounts for Year ending 31 March 2024** 

|**Balance Sheet at 31 March 2024**|||
|---|---|---|
||**31 March 2024**|**31 March 2023**|
|**Fixed Asset**|||
|Total Fixed Asset|**27,500.00**|**12,000.00**|
|**Cash at bank and in hand**|||
|CAF Bank|23,787.52|28,654.88|
|NatWest|628.60|1,629.30|
|PayPal|271.08|456.28|
|Total Petty Cash|0.00|0.00|
|United Trust Bank|89,146.20|85,817.76|
|**Total Cash at bank and in hand**|**113,833.40**|**116,558.22**|
|**Debtors**|||
|Accounts Receivable|150.00|0.00|
|**Total Debtors**|**150.00**|**0.00**|
|**Current Assets**|||
|Stock|4,064.20|4,720.03|
|**Total Current Assets**|**4,064.20**|**4,720.03**|
|**Net current assets**|**118,047.60**|**121,278.25**|
|**Creditors: amounts falling due within one year**|||
|Trade Creditors|||
|Accounts Payable|1,686.13|117.01|
|Total Trade Creditors|1,686.13|117.01|
|**Total Creditors: amounts falling due within one year**|**1,686.13**|**117.01**|
|**Net current assets (liabilities)**|**116,361.47**|**121,161.24**|
|**Total assets less current liabilities**|**143,861.47**|**133,161.24**|
|**Total net assets (liabilities)**|**143,861.47**|**133,161.24**|
|**Charity funds**|||
|Share Capital Account|94,896.75|94,896.75|
|Surplus/(Deficit)|48,964.72|38,264.49|
|**Total Charity funds**|**143,861.47**|**133,161.24**|





## **Lancaster Canal Trust Registered Charity no. 1167020 Accounts for Year ending 31 March 2024** 

## **Treasurer’s Report – Year Ending 31 March 2024** 

Superficially, it looks like the trust had a good year with a surplus of £10,700.23. However, this surplus is due to a revaluation of NB Waterwitch for insurance purposes and as a result the trip boat was been valued at £27,500.00 an increase of £15,500 from the carried value of £12,000. This has generated a ‘paper’ surplus of £15,500 which is only realisable in the event of a sale of the trip boat. 

Ignoring this item would show the trust incurring a deficit for the year of £4,800. The biggest changes from last year are a reduction in the value of sales of the 7th Edition Canal Guide by about £2,000 on last year’s sales of £4,575. There is a related fall in the value of discounts given of £500 offsetting the fall in sales. 

There has been a substantial fall in Fund the Bund donations as last year’s total was inflated by 3 individual donations of £1,000 each and no such donations have been received in year. Following on from last year’s donations in the memory of our benefactor Howard Broomby and additional £175 has been received bring the overall total to £696. The trip boat Bought in £3,524 in the year which is a £705 increase and reflects successful days at the county show and CountryFest and several extra charters. 

As predicted in last year’s report spending on the F2&3 restoration increased following a quiet year and spending was up by about £6,000. About £4,600 of this was on the week-long IWA Work Party and there has been an additional £1,400 on additional materials, tool hire etc for the trust’s own F2&3 work parties. 

Trip Boat costs were £3,725 higher than last year. Part of this was the hire of a crane at £950 to remove the boat from the water for a hull inspection. This was required following the revaluation or insurance purposes, and whilst the boat was out of the water additional costs were incurred on maintenance. With the higher insurance charge (£1,400 against £620 last year) this has now been recorded as boat insurance rather than general insurance. The Boat training costs includes 2 years’ worth as invoices were received earlier than in the prior year. 

Waterwitch Magazine costs fell by £616 to £2,092 most of which was higher postage charges. Governance costs appear to be static but insurance has the boat insurance remove this year and shown in boat costs (and thus on a like for like basis rose £200) masking an increase in AGM costs of £320. 

Running Costs were substantially lower this year following the with large expenditure on Small Tools and Equipment (replacement brush cutter etc) and reduced book sales though there was a substantial increase in postage costs following our previous mailing company ceasing to trade. 

Jim Mayes BSc (Hons) ACMA CGMA 

Treasurer