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2023-04-05-accounts

Trustees' Summary Report and Accounts

for the year 6th April 2022 to 5th April 2023

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:

A number of grants were applied for during the year 2022/23 with funding coming from Brilliant Basics, the Canoe Foundation and Transforming Towns. Application has been made to Swansea City Council for planning permission to refurbish the Clydach Canal Centre and the hidden lock site.

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 been 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.

Our Community Canoe and Kayak Hire Project entered its 9th season at Easter 2022. However, even without our roof, we were open every Sunday throughout the months of the season, until Late August when it closed due to constant rain and the equipment remaining wet. Youth Group hires (Brownies/Beavers etc) went ahead on a number of occasions. The team continued to use a variety of Covid precautions, including sanitising all equipment after use, prior to re-hiring, following DEFRA guidelines.

The diverted towpath around the canoe store was tarmacked ready for use once the slipway has been constructed, and a new garden bed created.

There was a WRG camp at the Lower Trebanos Lock, where the lock was rebuilt.

We were excited to receive the Green Flag Community Award for the seventh 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.

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.

The cornerstone of the Society’s endeavours continued to be the hours worked every Tuesday. When work was allowed, it continued come rain or shine. The work ranging from litter picking, through bank repairs to continuing to build the wall for the garden in the Hidden Lock site.

 “Happy to Chat” benches, made from recycled plastic were purchased with a grant from NPTCBC Members Community Fund. These have been placed along the canal in Trebanos. The Society is indebted to Councillor Rebeca Phillips for instigating, facilitating and encouraging the project.

• 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 35-mile navigation waterway. The Swansea Bay Inland Waterway Partnership, of which we are a very active member, met online at intervals throughout 2021-22 to pursue this aim. Every project on the Swansea Canal helps to bring this vision a little closer to reality.

SWANSEA CANAL SOCIETY SWANSEA CANAL SOCIETY SWANSEA CANAL SOCIETY
Summary accounts for the Year Ending 5th April 2023
UNRESTRICTED
FUNDS		 RESTRICTED
INCOME FUNDS		 ENDOWMENT
FUNDS		 TOTAL 2023 TOTAL 2022
INCOMING RESOURCES(NOTE 3) - 0
IncomingResources from Generated Funds - 0
VoluntaryIncome 9,092 97,874 106,966 183,000
Activities for GeneratingFunds 2,204 2,204 701
Investment Income 195 195 2
Incomingresources from Charitable Activities 2,012 2,012 4,707
Capitalisation of Assets - -
Other IncomingResources - -
TOTAL INCOMING RESOURCES 13,503 97,874 - 111,377 188,410
RESOURCES EXPENDED(NOTES 4-8)
Cost of GeneratingFunds 65 65 -
Costs of GeneratingVoluntaryIncome - - 40
FundraisingTradingCosts - -
Investment Management Costs - -
Charitable Activities 5,485 167,840 173,325 34,710
Governance Costs 3,466 3,466 3,769
Other Resources Expended 1,398 1,398 938
TOTAL RESOURCES EXPENDED 10,414 167,840 - 178,254 39,457
NET INCOMING/(OUTGOING) RESOURCES
BEFORE TRANSFERS 3,089 69,966
-		 - 66,877
-		 148,953
Adjustments 467
-		 5 463 419
GROSS TRANSFERS BETWEEN FUNDS - -
- 0
NET INCOMING/(OUTGOING) RESOURCES - 0
BEFORE OTHER RECOGNISED GAINS/(LOSSES) 2,622 69,961
-		 - 66,414
-		 149,372
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 2,622 69,961
-		 - 67,339
-		 149,372
-
TOTAL FUNDS BROUGHT FORWARD 25,170 257,597 - 282,767 133,395
TOTAL FUNDS CARRIED FORWARD 27,792 187,636 - 215,428 282,767

SWANSEA CANAL SOCIETY

Summary accounts for the Year Ending 5th April 2023

INCOMING RESOURCES (NOTE 3)

Incoming Resources from Generated Funds Voluntary Income Activities for Generating Funds Investment Income Incoming resources from Charitable Activities Capitalisation of Assets Other Incoming Resources TOTAL INCOMING RESOURCES

RESOURCES EXPENDED (NOTES 4-8)

Cost of Generating Funds Costs of Generating Voluntary Income Fundraising Trading Costs Investment Management Costs Charitable Activities Governance Costs Other Resources Expended TOTAL RESOURCES EXPENDED

NET INCOMING/(OUTGOING) RESOURCES BEFORE TRANSFERS Adjustments GROSS TRANSFERS BETWEEN FUNDS

NET INCOMING/(OUTGOING) RESOURCES BEFORE OTHER RECOGNISED GAINS/(LOSSES)

SEA CANAL SOCIETY
for the Year Ending 5th April 2023		 SEA CANAL SOCIETY
for the Year Ending 5th April 2023		 SEA CANAL SOCIETY
for the Year Ending 5th April 2023		 SEA CANAL SOCIETY
for the Year Ending 5th April 2023
TOTAL 2023
UNRESTRICTE
D FUNDS
RESTRICTED
INCOME
FUNDS
ENDOWMENT
FUNDS
-
-
9,092 97,874 106,966
2,204 2,204
195 195
2,012 2,012
-
-
13,503 97,874 - 111,377
65 65
- -
-
-
5,485 167,840 173,325
3,466 3,466
1,398 1,398
10,414 167,840 - 178,254
3,089 - 69,966 - - 66,877
- 467 5 463
-
-
-
2,622 - 69,961 - - 66,414

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

TOTAL FUNDS BROUGHT FORWARD

TOTAL FUNDS CARRIED FORWARD

0 0 183,000 701 2 4,707 - - 188,410

148,953 419 - 0 0 149,372

Charity No: 1168894

SWANSEA CANAL SOCIETY Unaudited Financial Statements For the year ended 5th April 2023

Cambrian & Co Ltd 13A Victoria Gardens Neath SA11 3AY

SWANSEA CANAL SOCIETY (Charity No: 1168894)

Contents of the Financial Statements
For the year ended 5th April 2023
Page
Society Information 1
Independent Examiners Report 2
Profit and Loss Account 3
Balance Sheet 4
Notes to the Financial Statements 5 to 18

Charity No: 1168894

SWANSEA CANAL SOCIETY For the year ended 5th April 2023 Society Information

Chairman Gordon Walker Treasurer John Gwalter Trustees Gordon Walker John Gwalter Michael Fuller Gill Thomas John Davies Alan Tremlett Veronica Fuller Sharon Blackford (co-opted 10th January 2023) John Gravelle (co-opted 7th March 2023) Address Westlyn New Road Llanmorlais SA4 3TJ Charity Number 1168894 Accountants Cambrian & Co Ltd 13A Victoria Gardens Neath SA11 3AY

1

Charity No: 1168894

SWANSEA CANAL SOCIETY

Independent Examiner's Report

Report to the trustees/members of Swansea Cancel Society on the accounts for the year ended 5th April 2023, Charity number 1105624 set out on pages 3 - 18.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The chairty's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an Independent examination is needed.

It is my responsibility to:

Basis of Independent Examiner's statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent Examiner's statement

In connection with my examination, no matter has come to my attention:

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

………………………………………………… Signed ……………………………………………………

Date

Dylan Jones A.C.A.

Cambrian & Co. Ltd 13A Victoria Gardens Neath SA11 3AY

Charity No: 1168894

SWANSEA CANAL SOCIETY

Profit and Loss Account

For the Year Ended 5th April 2023

INCOMING RESOURCES (NOTE 3)

Incoming Resources from Generated Funds Voluntary Income Activities for Generating Funds Investment Income Incoming resources from Charitable Activities Capitalisation of Assets Other Incoming Resources

TOTAL INCOMING RESOURCES

RESOURCES EXPENDED (NOTES 4-8)

Cost of Generating Funds Costs of Generating Voluntary Income Fundraising Trading Costs Investment Management Costs Charitable Activities Governance Costs Other Resources Expended TOTAL RESOURCES EXPENDED

UNRESTRICTED
FUNDS
RESTRICTED
INCOME FUNDS
ENDOWMENT
FUNDS
TOTAL 2023
TOTAL 2022		 UNRESTRICTED
FUNDS
RESTRICTED
INCOME FUNDS
ENDOWMENT
FUNDS
TOTAL 2023
TOTAL 2022		 UNRESTRICTED
FUNDS
RESTRICTED
INCOME FUNDS
ENDOWMENT
FUNDS
TOTAL 2023
TOTAL 2022		 UNRESTRICTED
FUNDS
RESTRICTED
INCOME FUNDS
ENDOWMENT
FUNDS
TOTAL 2023
TOTAL 2022		 UNRESTRICTED
FUNDS
RESTRICTED
INCOME FUNDS
ENDOWMENT
FUNDS
TOTAL 2023
TOTAL 2022
- 0
- 0
9,092 97,874 106,966 183,000
2,204 2,204 701
195 195 2
2,012 2,012 4,707
- -
- -
13,503 97,874 - 111,377 188,410
- -
65 65 40
- -
- -
5,485 167,840 173,325 34,710
3,466 3,466 3,769
1,398 1,398 938
10,414 167,840 - 178,254 39,457

NET INCOMING/(OUTGOING) RESOURCES BEFORE TRANSFERS Adjustments (Note 15) GROSS TRANSFERS BETWEEN FUNDS

NET INCOMING/(OUTGOING) RESOURCES BEFORE OTHER RECOGNISED GAINS/(LOSSES)

3,089 69,966
-		 - 66,877
-		 148,953
467
-		 5 463 419
- -
- 0
- 0
2,622 69,961
-		 - 66,414
-		 149,372

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

TOTAL FUNDS BROUGHT FORWARD

TOTAL FUNDS CARRIED FORWARD

- - - - -
- - - - -
-
2,622 69,961
-		 - 67,339
-		 149,372
-
25,170 257,597 - 282,767 133,395
27,792 187,636 - 215,428 282,767
-
-
-
-
-

3

Charity No: 1168894

SWANSEA CANAL SOCIETY

Balance Sheet

For the Year Ended 5th April 2023

Fixed Assets
Tangible assets
(Note9)
Investments
(Note 10)
Total fixed assets
Current assets
Stock and work in progress
Debtors
(Note 11)
Adjustments
Cash at bank and in hand
Total Current assets
Creditors: amounts falling due within
one year
(Note 12)
Net current assets/(liabilities)
Total assets less current labilities
Creditors: amounts falling due after
one year
(Note 12)
Provisions for liabilities and charges
Net Assets
Funds of the Charity
Unrestricted funds
Accumulated depreciation
Allocated funds
Restricted income funds
(Note 13)
Endowment funds (Note 13)
Total funds		 UNRESTRI
CTED
FUNDS		 RESTRICTE
D INCOME
FUNDS
ENDOWM
ENT
FUNDS		 RESTRICTE
D INCOME
FUNDS
ENDOWM
ENT
FUNDS		 TOTAL
2023
TOTAL
2022		 TOTAL
2023
TOTAL
2022
6,054 39,381 - 45,435 45,863
- - - - -
- - - - -
6,054 39,381 45,435 45,863
- -
119,743 119,743 155,512
- -
22,460 50,181 72,641 82,046
22,460 169,924 - 192,384 237,558
722 21,669 22,391 654
21,738 148,255 - 169,993 236,904
27,792 187,636 - 215,428 282,767
- - - - -
- - - - -
27,792 187,636 - 215,428 282,767
2,087 187,636 2,087 2,172
18,765 18,765 18,158
6,940 6,940 4,840
187,636 187,636 257,597
- -
27,792 187,636 - 215,428 282,767

Signed by one or two trustees on behalf of all

Signature Print Name Date of approval

4

Charity No: 1168894

SWANSEA CANAL SOCIETY

Notes to the Financial Statements

For the year ended 5th April 2023

Note 1

Basis of preparation

This section should be completed by all charities.

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years.

However, several entries have been made to this year's acounts correcting posting errors made in previous years.

The trustees do not consider these changes to be material.

5

Charity No: 1168894

SWANSEA CANAL SOCIETY Notes to the Financial Statements

For the year ended 5th April 2023

Note 2 Accounting policies

This standard list of accounting policies has been applied by the Charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming These are included in the Statement of Financial Activities (SOFA) when:
resources ●
The charity becomes entitled to the resources;
●
the trustees are virtually certain they will receive the resources; and
●
the monetary value can be measured with sufficient reliability.
Incoming resources Where incoming resources have related expenditure (as with fundraising or contract
with related expenses income) the incoming resources and related expenditure are reported gross.
Grants & Donations Grants and donations are only included in the SOFA when the charity has
unconditional entitlement to the resources.
Tax reclaims on donations Incoming resources from tax reclaims are included in the SOFA at the date of
and gifts receipt of the reclaim.
Contractual income and This is only included in the SOFA once the related goods or services have
performance related grants been delivered.
Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or
the amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only
when sold or distributed by the charity.
Gifts in kind for use by the charity are included in the SOFA as incoming resources
when receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in
facilities resources expended) where the benefit to the charity is reasonably quantifiable,
measureable and material. The value placed on these resources is the estimated
value to the charity of the service or facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is
described in the trustees annual report.
Investment income This is included in the accounts when receivable.
Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss
resulting from revaluing investments to market value at the end of the year.

6

Charity No: 1168894

Notes to the Financial Statements For the year ended 5th April 2023

SWANSEA CANAL SOCIETY

EXPENDITURE AND LIABILITIES

Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation
committing the charity to pay our resources.
Governance costs Include costs of the preparation and examination of statutory accounts, the
costs of trustee meetings and cost of any legal advice to trustees on governance or
constitutional matters.
Grants with performance Where the charity gives a grant with conditions for its payment being a specific level
conditions of service or output to be provided, such grants are only recognised in the SOFA
once the recipient of the grant has provided the specified service or output.
Grants payable without These are only recognised in the accounts when a commitment has been made and
performance conditions there are no conditions to be met relating to the grant which remain in the control
of the charity.
Support costs Support costs include central functions and have been allocated to activity costs
categories on a basis consistent with the use of resources, eg. Allocating property
costs by floor areas, or per capita, staff costs by the time spent and other costs by
their usage.
ASSETS
Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least
use by charity £500.00. They are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at
the year end. Other investment assets are included at trustees best estimate of
market value.
Stocks and work in These are valued at the lower of cost or market value.

Stocks and work in progress

POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM THOSE
ABOVE		 None

7

Charity No: 1168894

SWANSEA CANAL SOCIETY

Notes to the Financial Statements

For the year ended 5th April 2023

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Voluntary income
Activities for generating
funds
Investment income
Income resources from
charitable activities
Other Income		 Analysis This year
Last year
£
£		 This year
Last year
£
£
Membershipsubscriptions 800.00 747.00
Donations 8,292.00 3,168.00
Grants 97,874.00 179,085.00
- -
Other -
-
Total 106,966.00
183,000.00
Sales 2,204.00 701.00
Events - -
Canoe Hire Refreshment - -
- -
- -
Total 2,204.00 701.00
Interest on deposits 195.00 2.00
-
- -
- -
- -
Total 195.00 2.00
Canoe hireproject 2,012.00 4,707.00
- -
- -
- -
- -
Total 2,012.00 4,707.00
Capitalisation of Assets -
- -
- -
- -
- -
Total - -

8

Charity No: 1168894

SWANSEA CANAL SOCIETY

Notes to the Financial Statements

For the year ended 5th April 2023

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts

Costs of generating
voluntary income
Fundraising trading costs
Investment
management costs
Charitable activities
Governance costs		 Analysis This year
Last year
£
£		 This year
Last year
£
£
Membershipsubscriptions 65.00 40.00
Fundraisingcosts - -
Canoe hire -
Publicity - -
Events - -
Total 65.00
40.00
Event Costs - -
-
- -
- -
- -
Total - -
- -
-
- -
- -
- -
Total - -
Clydach Yard & Other Canal Restoration 141,491.00 22,580.00
Canoeproject 3,929.00 1,314.00
Waterwayrecovery group 4,273.00 -
Work, partyequipment and expenses 4,837.00 203.00
Clydach Canal Centre 18,795.00 10,613.00
Total 173,325.00 34,710.00
Accountants fees 450.00 450.00
Depreciation 429.00 1,219.00
Other costs 3,984.00 3,038.00
Total 4,863.00 4,707.00

9

Charity No: 1168894

SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2023

Note 5 Support costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

Support cost type Fundraising
activity
£		 Charitable
activity
£		 Governance
activity
£		 Total cost
£
Total

Note 6 Details of certain items of expenditure 6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees.

Number of trustees who were paid expenses
Nature of expenses
Total amount paid		 Thisyear
Lastyear		 Thisyear
Lastyear
4 3
Reimbursement of costs of purchases
and teavelling on behalf of the society
3,410.00 831.00

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor.

Independent examiners or auditors fees for reporting on the accounts Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor.

Thisyear £
Lastyear £
450 450
None None

10

Charity No: 1168894

SWANSEA CANAL SOCIETY

Notes to the Financial Statements For the year ended 5th April 2023

Note 7 Paid employees Please complete this note if the charity has any employees.

7.1 Staff costs

7.1
Staff costs
Gross wages. Salaries and benefits in kind
Employers National Insurance costs
Pension costs
Total staff costs
7.2
Average number of full-time equivalent employees
in the year
The parts of the charity in which the
employees work
Total		 This year
Last year
£
£
None None
This year
Number		 Last year
Number
None None

7.3 Defined contribution pension scheme

Please complete if a defined contribution pension scheme is operated. Brief details of scheme.

Not Operated

The cost of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end

This year
£		 Last year
£
None None

11

Charity No: 1168894

SWANSEA CANAL SOCIETY Notes to the Financial Statements

For the year ended 5th April 2023

Note 8 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

8.1
Total value ofgrants
Purpose for which grants made Institutions
Individuals
Total amount
Total amount
£
£
Total NIL
Nil

8.1 Grantmaking costs

If the charity's accounts are prepared on the "activity" basis please give details of any support cost associated with grantmaking. Please enter "NIL" if the charity does not identify and/or allocate support costs.

Support costs of grantmaking

£ N/A

8.3 Grants made to institutions

If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.

Names of institutions
Purpose		 Total amount of
grants paid
£
Total grants to institutions NIL

12

Charity No: 1168894

SWANSEA CANAL SOCIETY Notes to the Financial Statements

For the year ended 5th April 2023

Note 9 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

9.1
Cost or Valuation
Freehold
Other land
Plant
Fixtures
Payments on
land &
& buildings
Machinery &
& fittings
account &
Buildings
Motor Vehicles
assets under
construction
£
£
£
£
Balance brought
forward
45005
19,016.00
Additions
Revaluations
Disposals
Transfers
Balance carried
forward
45,005.00
19,016.00		 9.1
Cost or Valuation
Freehold
Other land
Plant
Fixtures
Payments on
land &
& buildings
Machinery &
& fittings
account &
Buildings
Motor Vehicles
assets under
construction
£
£
£
£
Balance brought
forward
45005
19,016.00
Additions
Revaluations
Disposals
Transfers
Balance carried
forward
45,005.00
19,016.00		 9.1
Cost or Valuation
Freehold
Other land
Plant
Fixtures
Payments on
land &
& buildings
Machinery &
& fittings
account &
Buildings
Motor Vehicles
assets under
construction
£
£
£
£
Balance brought
forward
45005
19,016.00
Additions
Revaluations
Disposals
Transfers
Balance carried
forward
45,005.00
19,016.00		 9.1
Cost or Valuation
Freehold
Other land
Plant
Fixtures
Payments on
land &
& buildings
Machinery &
& fittings
account &
Buildings
Motor Vehicles
assets under
construction
£
£
£
£
Balance brought
forward
45005
19,016.00
Additions
Revaluations
Disposals
Transfers
Balance carried
forward
45,005.00
19,016.00		 9.1
Cost or Valuation
Freehold
Other land
Plant
Fixtures
Payments on
land &
& buildings
Machinery &
& fittings
account &
Buildings
Motor Vehicles
assets under
construction
£
£
£
£
Balance brought
forward
45005
19,016.00
Additions
Revaluations
Disposals
Transfers
Balance carried
forward
45,005.00
19,016.00		 9.1
Cost or Valuation
Freehold
Other land
Plant
Fixtures
Payments on
land &
& buildings
Machinery &
& fittings
account &
Buildings
Motor Vehicles
assets under
construction
£
£
£
£
Balance brought
forward
45005
19,016.00
Additions
Revaluations
Disposals
Transfers
Balance carried
forward
45,005.00
19,016.00
Freehold
land &
Buildings
£		 Other land
& buildings
£		 Plant
Machinery &
Motor Vehicles
£		 Fixtures
& fittings
£		 Payments on
account &
assets under
construction		 Total
£
45005 19,016.00 64,021.00
-
-
-
-
-
45,005.00
19,016.00		 64,021.00

9.2 Accumulated depreciation and impairment provisions

Balance brought
forward
Depreciation charge
for year
Impairment
provisions
Revaluations
Disposals
Transfers*
Balance carried
forward		 **basis RB RB RB RB RB
**rate N/A 20.00% N/A V/A
18,157.00
18,157.00
429.00
429.00
18,586.00 18,586.00

9.3 Net book value

Brought forward
45005
859.00
45,864.00
Carried forward
45005
430.00
45,435.00
9.4
Revaluation		 45005 859.00 45,864.00
45005 430.00 45,435.00

If any fixed assets have been revalued please give details of the value and method of valuation.

None

13

Charity No: 1168894

SWANSEA CANAL SOCIETY

Notes to the Financial Statements

For the year ended 5th April 2023

Note 10 Investments assets

Please complete this note if the charity has any investment assets.

10.1 Fixed asset investments

Carrying (market) value at beginning of year Add: Additions to investments at cost Less: Disposals at carrying value Add/(deduct): Net gain (loss) on revaluation Carrying (market) value at end of year

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£
NONE
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Please provide below:

10.2 A breakdown of the market values of investments shown above with the balance sheet 10.3 A Breakdown of the income from investments agreeing with SOFA.

Analysis of investments

Investment properties Investments listed on a recognised stock exchange or held in common investment funds, open ended investment companies, unit trusts or other collective investment schemes. Investments in subsidiary or connected undertakings and companies Securities not listed on a recognised stock exchange Cash held as part of the investment portfolio Other investments

Total 10.2
Market
Value at
year end
£		 10.2
Income from
investments for
the year
£
NONE NONE

10.4 Material investment holdings

If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity's total investments) please provide details.

Investments held Market value

14

Charity No: 1168894

SWANSEA CANAL SOCIETY

Notes to the Financial Statements

For the year ended 5th April 2023

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors
Trade debtors
Amounts due from subsidiary and
associated undertakings
Other Debtors
Payments and accrued income
Total		 Amounts falling due
within one year
This year
Last year
£
£		 Amounts falling due
within one year
This year
Last year
£
£		 Amounts falling due
within one year
This year
Last year
£
£		 Amounts falling
due after more than one year
This year
Last year
£
£		 Amounts falling
due after more than one year
This year
Last year
£
£		 Amounts falling
due after more than one year
This year
Last year
£
£
119,743.00 155,512.00 -
119,743.00 155,512.00 - -

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals

12.1 Analysis of creditors

Loans and overdrafts
trade creditors
Amounts due to subsidiary and
associated undertakings
Other Creditors
Accruals and deferred income
Total		 Amounts falling due
within one year
This year
Last year
£
£		 Amounts falling due
within one year
This year
Last year
£
£		 Amounts falling due
within one year
This year
Last year
£
£		 Amounts falling
due after more than one year
This year
Last year
£
£		 Amounts falling
due after more than one year
This year
Last year
£
£		 Amounts falling
due after more than one year
This year
Last year
£
£
21,954.00 -
435.00 654.00
- -
22,389.00 654.00

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over nay assets of the charity please provide details.

The grant agreement with the City and County of Swansea for purchase of 24 Hebron Road obliges us to repay the deficit if the property value drops below 125% of the grant.

15

Charity No: 1168894

SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2023

Note 13 Endownment and restricted income funds

Please complete this section if the charity has any endownment or restricted income funds.

13.1 Funds held

Fund Name Type PE, EE Purpose and restrictions or R

13.2 Movements of major funds

Please give details of the movements of the major funds summarised in the restricted and endownment columns of the Statement of Financial Activities.

Fund names Fund
balances
brought
forward
£		 Incoming
Resources
£		 Outgoing
resources
£		 Transfers
£		 Gains and
losses
£		 Fund
balances
carried
forward
£
Clydach Lock Restoration
133,231
£		 78,999
£		 139,327
-£		 72,903
£
Clydach Canal Centre 44,795
£		 18,736
-£		 26,059
£
Canal Book 19,194
£		 19,194
£
Restricted Funds 60,909
£		 4,375
£		 6,085
-£		 59,199
£
Unrestricted Funds 1,994
£		 13,503
£		 10,876
-£		 4,621
£
Slipway 22,644
£		 14,500
£		 3,692
-£		 33,452
£
-
£
Total 282,767
£		 111,377
£		 178,716
-£		 -
£		 215,428
£
13.3
Transfers between funds
Please give details of anytransfers between funds.
From Fund(Name)
To Fund(Name)
Reason
Amount		 13.3
Transfers between funds
Please give details of anytransfers between funds.
From Fund(Name)
To Fund(Name)
Reason
Amount		 13.3
Transfers between funds
Please give details of anytransfers between funds.
From Fund(Name)
To Fund(Name)
Reason
Amount		 13.3
Transfers between funds
Please give details of anytransfers between funds.
From Fund(Name)
To Fund(Name)
Reason
Amount		 13.3
Transfers between funds
Please give details of anytransfers between funds.
From Fund(Name)
To Fund(Name)
Reason
Amount
From Fund(Name) To Fund(Name) Reason Amount

16

Charity No: 1168894

SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2023

Note 14 Transactions with related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter "None" in the relevant boxes.

14.1 Remuneration and benefits

Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other related parties by the charity or any institution or company connected with it.

Name of trustee
Name of trustee or
Connectedparty		 Legal authority
(eg order,
governing document)		 Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value
This year
£		 Last year
£
None None

14.2 Loans

Please give details of and amounts owing to or from the charity's trustees or other related parties by the charity at the year end.

Due to trustees and related Parties Due from trustees and related Parties

Name of trustee
or connected party		 Legal authority Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value
This year
£		 Last year
£

14.3 Other transaction(s) with trustees or related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party has a material interest.

Name of the
trustee or
relatedparty		 Relationship
to charity		 Description of the
transaction(s)		 This year
£		 Last Year
£

17

Charity No: 1168894

SWANSEA CANAL SOCIETY

Notes to the Financial Statements

For the year ended 5th April 2023

Note 15 Additional disclosures

The following are significant matter which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

Restricted Debtors are grants which have been agreed by the funders. The analysis between this year and later is based on our best estimares of when the grant will be receivable.

18