## Trustees' Summary Report and Accounts
## for the year 6th April 2020 to 5th April 2021
The Society continues to maintain a close relationship with the Canal and River Trust, (CRT) who are the owners of the extant portion of the canal. We are also a member of the Inland Waterways Association (IWA), and
liaise with a large number of other local and national bodies over the canal and its restoration including local councils, Swansea Bay Inland Waterway Partnership, the Neath and Tennant Canals Trust and Sustrans.
The Society is currently financially sound. The main current risks to the society are associated with accidents both during our maintenance and restoration work and relative to our canoe operation. These are mitigated by a close attention to safe practices combined with the proper levels of insurance, measures which have resulted in no significant problems.
The Society continues to advance its work to revitalise the canal -
## • Funding:
The society has purchased derelict retail premises in Clydach town centre for conversion as a base for water sports and as a community hub. Funding came from the Welsh Government “Transforming Towns” programme administered by Swansea Council. Match funding was generously provided by Vale Europe Limited, plus Clydach Community Council and Welsh Water. A further grant has been approved by Transforming Towns towards the refurbishment and fitting out costs. Application will be made for match funding and for additional finance as soon as all the necessary consents, surveys, etc. are in place.
## • The Hidden Lock, Clydach, Phase two:
The Swansea Canal upstream of the buried Clydach Lock will be reopened to create a mooring basin for a trip boat, together with a lock by-wash and portage ramps for canoeists.
A substantial grant has recently bee approved by the Welsh Government Visit Wales “Brilliant Basics Fund”. Part of the match funding has been offered by Swansea Council and we are awaiting the outcome of further applications.
- Canoes and Kayaks:
Our Community Canoe and Kayak Hire Project would have entered its 7th season at Easter 2020, but due to Covid restrictions and lock down it didn’t reopen until August. We were open every Sunday throughout the months of August and September, utilising a variety of Covid precautions, including sanitising all equipment after use, prior to re-hiring. The usual Youth Group hire couldn’t go ahead due to Covid restrictions but the society did manage a Canoe Wales “She Paddles” event in August.
- Waterway Recovery Group:
Due to Covid restrictions the proposed WRG camp was cancelled.
- Green Flag Community Award:
We were excited to receive the Green Flag Community Award for the fifth consecutive year. This award was given in recognition of the value of the canal as a green space and of the outstanding work done by our volunteers.
- Birds and Bats:
Several bird and bat boxes, constructed by our volunteers, were installed in various locations along the canal. It is pleasing to note the number of birds that moved in during the breeding season.
## • Volunteer Activities:
The cornerstone of the Society’s endeavours continued to be the hours worked every Tuesday. However, during the year 2020/2021 the world was hit by a pandemic that meant that work was curtailed for large periods during the year. When work was allowed, it continued come rain or shine. The work ranging from litter picking, through bank repairs to building a wall for a garden in the Hidden Lock site. The team of local, regular volunteers was at times split during the year, due to Covid restrictions, where the groups worked within their own counties.
“Happy to Chat” benches, made from recycled plastic were purchased with a grant from NPTCBC Members Community Fund. These will be placed along the canal in Trebanos, when covid restrictions allow. The Society is indebted to Councillor Rebeca Phillips for instigating, facilitating and encouraging the project.
In December of 2019 the society was nominated for the Queens Award for Voluntary Service. Winners of the award are to be announced in June 2020. This award is the highest award that can be achieved by volunteers, equivalent to an MBE. The society was informed in June 2020 that they had won the award.
• Our long-term aim continues to be the joining up of the Swansea, Neath and Tennant canals together with the Tawe River navigation to form a 35mile navigation waterway. The Swansea Bay Inland Waterway Partnership, of which we are a very active member, met online at intervals throughout 2020-21 to pursue this aim. Every project on the Swansea Canal helps to bring this vision little closer to reality.
**SWANSEA CANAL SOCIETY**
## **Summary Accounts for the Year Ended 5th April 2021**
|**INCOMING**|||**UNRESTRICTED**
**FUNDS**
**RESTRICTED**|**INCOME FUNDS**|**ENDOWMENT**
**FUNDS**|**TOTAL 2021**
**TOTAL 2020**|
|---|---|---|---|---|---|---|
|**RESOURCES**|||||-||
|Incoming Resources|||||||
|from Generated Funds|||||-||
|Voluntary|||95,00||96,27
40,8||
|Income|1,272||0||2|
94|
|Activities for|||||||
|Generating Funds
||348|||348
819||
|Investme|||||||
|nt Income||81|||81
190||
|Incoming resources|||||||
|from Charitable||||||3,33|
|Activities|1,253||||1,253
7||
|Other Incoming||||||2,14|
|Resources|||||-|5|
|**TOTAL**|||||||
|**INCOMING**|||95,00||97,95
47,3||
|**RESOURCES**|2,954||0|-|
4|
85|
|**RESOURCES**||
|---|---|
|**EXPENDED (NOTES**||
|**4-8)**||
|Cost of||
|Generating||
|Funds|-
-
-|
|Costs of Generating
-||
|Voluntary Income
- 26
26
-||
|Fundraising||
|Trading Costs|-
-|
|Investment||
|Management Costs
-
-||
|Charitable|38,0|
|Activities|928
2,095
3,023
96|
|Governan|5,45|
|ce Costs|2,540
2,540
1|
|Other||
|Resources||
|Expended|752
752
261|
|**TOTAL**||
|**RESOURCES**|43,8|
|**EXPENDED**|4,194
2,095
-
6,289
08|
**----- Start of picture text -----**
SWANSEA CANAL SOCIETY
Summary Accounts for the Year Ended 5th April 2021
-
INCOMING RESOURCES (NOTE 3)
-
Incoming Resources from Generated Funds
Voluntary Income 1,272 95,000 96,272 40,894
Activities for Generating Funds 348 348 819
Investment Income 81 81 190
Incoming resources from Charitable Activ 1,253 1,253 3,337
Capitalisation of Assets 45,000 45,000
-
Other Incoming Resources 2,145
TOTAL INCOMING RESOURCES 2,954 140,000 - 142,954 47,385
RESOURCES EXPENDED (NOTES 4-8)
- - -
Cost of Generating Funds
Costs of Generating Voluntary Income - 26 - 26 -
- -
Fundraising Trading Costs
- -
Investment Management Costs
Charitable Activities 928 2,095 3,023 38,096
Governance Costs 2,540 2,540 5,451
Other Resources Expended 752 45,000 45,752 261
TOTAL RESOURCES EXPENDED 4,194 47,095 - 51,289 43,808
NET INCOMING/(OUTGOING) RESOURCES
BEFORE TRANSFERS - 1,240 92,905 - 91,665 3,577
- -
Adjustments
GROSS TRANSFERS BETWEEN FUNDS - 473 473 - -
-
-
NET INCOMING/(OUTGOING) RESOURCES
- -
BEFORE OTHER RECOGNISED GAINS/(LOS 1,713 93,378 91,665 3,577
OTHER RECOGNISED GAINS/(LOSSES)
Gains and Losses on Revaluation of Fixed
Assets for the Charity's Own Use - - - - -
Gains and Losses on Investment Assets - - - - -
-
NET MOVEMENT IN FUNDS - 1,713 93,378 - 91,665 3,577
-
TOTAL FUNDS BROUGHT FORWARD 11,040 30,690 - 41,730 38,153
TOTAL FUNDS CARRIED FORWARD 9,327 124,068 - 133,395 41,730
RE UST NRRI ESCT TRED ENICNDTECOOD MWFUE MNFUENDSNT TODSFUTA NL DS20TO21TA L 20
**----- End of picture text -----**
Charity Plo.. 1168894
swAf45EA CANAL S(KIETY
rudited Finanrial Siaiement5
ft)r the
r ended 5th A
ri12021
Cambrian & Co Ltd
13A VKtorii Garden5
Ntath SAII 3AY
SWANSEA CANAL50CIETY
(harit No." 1168894
Contents ofthe financial Statements
Forttrle
r ended Sth A
Society Information
Independent Examiners Repo
ProfiL and Loss Actount
8alènce Sheet
Note$ 10 IhE Financ471 StaiemeThts
5t018
Chaiilv No.. 1168894
SWANSEA CANAL SCKIETY
For the year ended 5th A ril ZOZI
SDciet Informat•DTh
Chairfflan
Gold Walk
Treasur
John Gwaller
Trustees
Gordon walkLY
John G¥4altei
MhlE1 FUlr
Gill Thomas
Michelle Oavidso
John Da¥5
an Tremlett
Verowa Fu
Address
WesiTryn
New Road
LlanfftDrS
W3TI
Charity Number
Il68894
Accountants
Cambrhln & Co Lid
I3Av10rk7 Ga¥den5
NÈaih
SAII 3AY
O¥niy No." 1168894
SWA145EA CANAL socIErY
!ndep.endent Examiner's Re
Repori to the i
47.082.lYJ
3.301.00
Current assets
5totk and work In prtsgre5S
Dobtors
INote 111
AdjuStfflen15
Cash ai bank 3nd in hand
Total Current a55ets
40.
40.(X)
16.685.00
3.201.(K)
44.055.
47.2560)
5.08100
8.322.)
35.013.1
79.[8.
40.W (M)
87.300
21.837.(M)
38.562.(KJ
Creditor5.' 8mounts falliTrz due wlthi
one year
(Note 12
1.077 00
1.077.
ia3.(M)
7.245.(M)
79.LM.
86.3L3.(¥J
38.429 (NJ
Total assets less cUrnt labilities
9,327.(M)
l24.068.
133.395.LL)
41.730.(
Creditors.. amttunts lallingdue after
One year
(Noiè 121
Net Assets
9.327.(X)
I24.0)
133,395.(
41,730.00
Fund5 of the Charity
13.430.Cil
16.939.(X)
5.818
13,430
16.939
S.818 (X)
124.OS8.
4.858.(X>
15.898 00
Aciumulated depTeciation
Allo¢)ted funds
esiricied In¢orne funds
Endowment lund5 INote 131
Total iunds
(Note 131
124.(K)8.ts)
30.691.rJ)
9.327.LK)
124.LM.
133.395.00
41.730.
Si8ned by one ortwo trustees on behalf of all
Piiilt N3tne
Da ol approval
LT
z?_iO-
Charrty No.. 1168894
SWANSEA CANAL SOQETY
Notes to ihe Financial statemen
For the Year Et)ded Sth A
ril 1021
Note I
8a5is Of preparabon
This sectiort shoukl be ¢omplelEd by all Charli
1.1 Ba$55 of atin8
There has been no thèn8e to the •¢tounliTr8 poIK*51valu•ll rusand rneihods of acco18> 5ce
Lèst ¥£ar.
1.3 Chanies to previous accounts
No chan8es have been made io accounis lor prewous year>
Charity No.. 1168894
SWANSEA CAIIAI SOCIETY
Notes to rhe FilnCIal Statemethts
For the YeaT Ended Sth April 2021
Note 2
A¢¢ovntiNE ptslities
This siandard lisi of accouniing policS h351 app5ied by 1charItV excepi lor ihoseddeied.
Where a dillereni or 3ddiiional policy hbsbÈen adop*d ¢hen Ihis i5deiailed In ihe box bekiw.
INCOMING RESOURCES
Reco£ni¢ion of in(ominE
resouKes
These are included in ihe Stalement ol FinaThtialA¢lTrvilEs ISOFAI when."
• rhe¢haffl¥ bec{4r*5entrt ioiheiesoufnal entitterneni to
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i towhKh rdate
Tax rèclaims ondonations
nd gifts
Contractual iniome and
performance related grants
This is onty in¢Mthd irt th*son[t relaled &5 or5er5h3ve
been dÈliYEred.
Gilt5 in ndaa(C¢UnIed Forfai a least¥*e$llatetrI ih*rvatyJÈitrihÈthèTitytsT
Ihe èrnount tUallY real*
Grfts in kind IDF saloordtritsutrt>n are irKlthd th iheacuwnts Jswitstyity
hen sold or disifiTrwied tylhecharity.
Gilts in tyThEclwityarewKkxkdin the SOFA a5 intornir% re50urce5
when iecLYvable.
Donwted ser¥i