## 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 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 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. 



- Canoes and Kayaks: 

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. 



- Waterway Recovery Group: 

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

- Green Flag Community Award: 

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. 

- 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. 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**<br>**FUNDS**|**RESTRICTED**<br>**INCOME FUNDS**|**ENDOWMENT**<br>**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<br>-|-|66,877<br>-|148,953||
|**Adjustments**||||||467<br>-|5||463|419||
|**GROSS TRANSFERS BETWEEN FUNDS**|||||||||-|-||
||||||||||-|0||
|**NET INCOMING/(OUTGOING) RESOURCES**|||||||||-|0||
|**BEFORE OTHER RECOGNISED GAINS/(LOSSES)**||||||2,622|69,961<br>-|-|66,414<br>-|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<br>-|-|67,339<br>-|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**<br>**for the Year Ending 5th April 2023**|**SEA CANAL SOCIETY**<br>**for the Year Ending 5th April 2023**|**SEA CANAL SOCIETY**<br>**for the Year Ending 5th April 2023**|**SEA CANAL SOCIETY**<br>**for the Year Ending 5th April 2023**|
|---|---|---|---|
|**TOTAL 2023**<br>**UNRESTRICTE**<br>**D FUNDS**<br>**RESTRICTED**<br>**INCOME**<br>**FUNDS**<br>**ENDOWMENT**<br>**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** 

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



## 

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

- 40 - - 34,710 3,769 938 39,457 

148,953 419 - 0 0 149,372 

- - 149,372 133,395 282,767 



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: 

- examine the accounts under section 145 of the Charities Act, 

- to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and 

- to state whether particular matters have come to my attention 

## **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: 

- 1) Which give me reasonable cause to believe that in, any material respect, the requirements: 

- to keep accounting records in accordance with section 130 of the Charities Act; 

- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 

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**<br>**FUNDS**<br>**RESTRICTED**<br>**INCOME FUNDS**<br>**ENDOWMENT**<br>**FUNDS**<br>**TOTAL 2023**<br>**TOTAL 2022**|**UNRESTRICTED**<br>**FUNDS**<br>**RESTRICTED**<br>**INCOME FUNDS**<br>**ENDOWMENT**<br>**FUNDS**<br>**TOTAL 2023**<br>**TOTAL 2022**|**UNRESTRICTED**<br>**FUNDS**<br>**RESTRICTED**<br>**INCOME FUNDS**<br>**ENDOWMENT**<br>**FUNDS**<br>**TOTAL 2023**<br>**TOTAL 2022**|**UNRESTRICTED**<br>**FUNDS**<br>**RESTRICTED**<br>**INCOME FUNDS**<br>**ENDOWMENT**<br>**FUNDS**<br>**TOTAL 2023**<br>**TOTAL 2022**|**UNRESTRICTED**<br>**FUNDS**<br>**RESTRICTED**<br>**INCOME FUNDS**<br>**ENDOWMENT**<br>**FUNDS**<br>**TOTAL 2023**<br>**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<br>-|-|66,877<br>-|148,953|
|---|---|---|---|---|
|467<br>-|5||463|419|
||||-|-|
||||-|0|
||||-|0|
|2,622|69,961<br>-|-|66,414<br>-|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<br>-|-|67,339<br>-|149,372|
||||-||
|25,170|257,597|-|282,767|133,395|
||||||
|27,792|187,636|-|215,428|282,767|
|-<br>-<br>-<br>-<br>-|||||



**3** 



Charity No: 1168894 

## **SWANSEA CANAL SOCIETY** 

## **Balance Sheet** 

## **For the Year Ended 5th April 2023** 

|**Fixed Assets**<br>Tangible assets<br>(Note9)<br>Investments<br>(Note 10)<br>**Total fixed assets**<br>**Current assets**<br>Stock and work in progress<br>Debtors<br>(Note 11)<br>Adjustments<br>Cash at bank and in hand<br>**Total Current assets**<br>**Creditors: amounts falling due within**<br>**one year**<br>(Note 12)<br>**Net current assets/(liabilities)**<br>**Total assets less current labilities**<br>**Creditors: amounts falling due after**<br>**one year**<br>(Note 12)<br>Provisions for liabilities and charges<br>**Net Assets**<br>**Funds of the Charity**<br>Unrestricted funds<br>Accumulated depreciation<br>Allocated funds<br>Restricted income funds<br>(Note 13)<br>Endowment funds (Note 13)<br>**Total funds**|**UNRESTRI**<br>**CTED**<br>**FUNDS**|**RESTRICTE**<br>**D INCOME**<br>**FUNDS**<br>**ENDOWM**<br>**ENT**<br>**FUNDS**|**RESTRICTE**<br>**D INCOME**<br>**FUNDS**<br>**ENDOWM**<br>**ENT**<br>**FUNDS**|**TOTAL**<br>**2023**<br>**TOTAL**<br>**2022**|**TOTAL**<br>**2023**<br>**TOTAL**<br>**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: 

- Financial Reporting Standards for Smaller Enterprises (FRSSE); and with the Charities Act. 

## **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**|●<br>The charity becomes entitled to the resources;|
||●<br>the trustees are virtually certain they will receive the resources; and|
||●<br>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**<br>**ADDITIONAL TO OR**<br>**DIFFERENT FROM THOSE**<br>**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**<br>**Activities for generating**<br>**funds**<br>**Investment income**<br>**Income resources from**<br>**charitable activities**<br>**Other Income**|**Analysis**|**This year**<br>**Last year**<br>**£**<br>**£**|**This year**<br>**Last year**<br>**£**<br>**£**|
|---|---|---|---|
||Membershipsubscriptions|800.00|747.00|
||Donations|8,292.00|3,168.00|
||Grants|97,874.00|179,085.00|
|||-|-|
||Other|-<br>-||
||**Total**|**106,966.00**<br>**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**<br>**voluntary income**<br>**Fundraising trading costs**<br>**Investment**<br>**management costs**<br>**Charitable activities**<br>**Governance costs**|**Analysis**|**This year**<br>**Last year**<br>**£**<br>**£**|**This year**<br>**Last year**<br>**£**<br>**£**|
|---|---|---|---|
||Membershipsubscriptions|65.00|40.00|
||Fundraisingcosts|-|-|
||Canoe hire||-|
||Publicity|-|-|
||Events|-|-|
||**Total**|**65.00**<br>**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**<br>**activity**<br>**£**|**Charitable**<br>**activity**<br>**£**|**Governance**<br>**activity**<br>**£**||**Total cost**<br>**£**|
|---|---|---|---|---|---|
|||||||
|||||||
|||||||
|||||||
|||||||
|**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**<br>**Nature of expenses**<br>**Total amount paid**|**Thisyear**<br>**Lastyear**|**Thisyear**<br>**Lastyear**|
|---|---|---|
||4|3|
||Reimbursement of costs of purchases<br>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 £**<br>**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**<br>**Staff costs**||||
|---|---|---|---|
|**Gross wages. Salaries and benefits in kind**<br>**Employers National Insurance costs**<br>**Pension costs**<br>**Total staff costs**<br>**7.2**<br>**Average number of full-time equivalent employees**<br>**in the year**<br>The parts of the charity in which the<br>employees work<br>**Total**|**This year**<br>**Last year**<br>**£**<br>**£**|||
|||||
|||||
|||||
|||||
|||None|None|
|||||
||**This year**<br>**Number**||**Last year**<br>**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**<br>**£**|**Last year**<br>**£**|
|---|---|---|
||||
||||
||||
||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**<br>**Total value ofgrants**||
|---|---|
|**Purpose for which grants made**|**Institutions**<br>**Individuals**<br>**Total amount**<br>**Total amount**<br>**£**<br>**£**|
|||
|||
|||
|||
|||
|||
|**Total**|NIL<br>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**<br>**Purpose**|**Total amount of**<br>**grants paid**<br>**£**|
|---|---|
|||
|||
|||
|||
|||
|||
|||
|**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**<br>**Cost or Valuation**<br>**Freehold**<br>**Other land**<br>**Plant**<br>**Fixtures**<br>**Payments on**<br>**land &**<br>**& buildings**<br>**Machinery &**<br>**& fittings**<br>**account &**<br>**Buildings**<br>**Motor Vehicles**<br>**assets under**<br>**construction**<br>**£**<br>**£**<br>**£**<br>**£**<br>Balance brought<br>forward<br>45005<br>19,016.00<br>Additions<br>Revaluations<br>Disposals<br>Transfers<br>Balance carried<br>forward<br>**45,005.00**<br>**19,016.00**|**9.1**<br>**Cost or Valuation**<br>**Freehold**<br>**Other land**<br>**Plant**<br>**Fixtures**<br>**Payments on**<br>**land &**<br>**& buildings**<br>**Machinery &**<br>**& fittings**<br>**account &**<br>**Buildings**<br>**Motor Vehicles**<br>**assets under**<br>**construction**<br>**£**<br>**£**<br>**£**<br>**£**<br>Balance brought<br>forward<br>45005<br>19,016.00<br>Additions<br>Revaluations<br>Disposals<br>Transfers<br>Balance carried<br>forward<br>**45,005.00**<br>**19,016.00**|**9.1**<br>**Cost or Valuation**<br>**Freehold**<br>**Other land**<br>**Plant**<br>**Fixtures**<br>**Payments on**<br>**land &**<br>**& buildings**<br>**Machinery &**<br>**& fittings**<br>**account &**<br>**Buildings**<br>**Motor Vehicles**<br>**assets under**<br>**construction**<br>**£**<br>**£**<br>**£**<br>**£**<br>Balance brought<br>forward<br>45005<br>19,016.00<br>Additions<br>Revaluations<br>Disposals<br>Transfers<br>Balance carried<br>forward<br>**45,005.00**<br>**19,016.00**|**9.1**<br>**Cost or Valuation**<br>**Freehold**<br>**Other land**<br>**Plant**<br>**Fixtures**<br>**Payments on**<br>**land &**<br>**& buildings**<br>**Machinery &**<br>**& fittings**<br>**account &**<br>**Buildings**<br>**Motor Vehicles**<br>**assets under**<br>**construction**<br>**£**<br>**£**<br>**£**<br>**£**<br>Balance brought<br>forward<br>45005<br>19,016.00<br>Additions<br>Revaluations<br>Disposals<br>Transfers<br>Balance carried<br>forward<br>**45,005.00**<br>**19,016.00**|**9.1**<br>**Cost or Valuation**<br>**Freehold**<br>**Other land**<br>**Plant**<br>**Fixtures**<br>**Payments on**<br>**land &**<br>**& buildings**<br>**Machinery &**<br>**& fittings**<br>**account &**<br>**Buildings**<br>**Motor Vehicles**<br>**assets under**<br>**construction**<br>**£**<br>**£**<br>**£**<br>**£**<br>Balance brought<br>forward<br>45005<br>19,016.00<br>Additions<br>Revaluations<br>Disposals<br>Transfers<br>Balance carried<br>forward<br>**45,005.00**<br>**19,016.00**|**9.1**<br>**Cost or Valuation**<br>**Freehold**<br>**Other land**<br>**Plant**<br>**Fixtures**<br>**Payments on**<br>**land &**<br>**& buildings**<br>**Machinery &**<br>**& fittings**<br>**account &**<br>**Buildings**<br>**Motor Vehicles**<br>**assets under**<br>**construction**<br>**£**<br>**£**<br>**£**<br>**£**<br>Balance brought<br>forward<br>45005<br>19,016.00<br>Additions<br>Revaluations<br>Disposals<br>Transfers<br>Balance carried<br>forward<br>**45,005.00**<br>**19,016.00**||
|---|---|---|---|---|---|---|
||**Freehold**<br>**land &**<br>**Buildings**<br>**£**|**Other land**<br>**& buildings**<br>**£**|**Plant**<br>**Machinery &**<br>**Motor Vehicles**<br>**£**|**Fixtures**<br>**& fittings**<br>**£**|**Payments on**<br>**account &**<br>**assets under**<br>**construction**|**Total**<br>**£**|
||45005||19,016.00|||64,021.00|
|||||||-|
|||||||-|
|||||||-|
|||||||-|
|||||||-|
||**45,005.00**<br>**19,016.00**|||||64,021.00|



## **9.2 Accumulated depreciation and impairment provisions** 

|Balance brought<br>forward<br>Depreciation charge<br>for year<br>Impairment<br>provisions<br>Revaluations<br>Disposals<br>Transfers*<br>Balance carried<br>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<br>45005<br>859.00<br>45,864.00<br>Carried forward<br>45005<br>430.00<br>45,435.00<br>**9.4**<br>**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 

* The "transfers" row is for movements between fixed asset categories. 

**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 


**----- Start of picture text -----**<br>
£<br>NONE<br>**----- End of picture text -----**<br>


## **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<br>Market<br>Value at<br>year end<br>£|10.2<br>Income from<br>investments for<br>the year<br>£|
|---|---|---|
||||
||||
||||
||||
||||
||||
||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**<br>Trade debtors<br>Amounts due from subsidiary and<br>associated undertakings<br>Other Debtors<br>Payments and accrued income<br>**Total**|**Amounts falling due**<br>**within one year**<br>**This year**<br>**Last year**<br>**£**<br>£|**Amounts falling due**<br>**within one year**<br>**This year**<br>**Last year**<br>**£**<br>£|**Amounts falling due**<br>**within one year**<br>**This year**<br>**Last year**<br>**£**<br>£|**Amounts falling**<br>**due after more than one year**<br>**This year**<br>**Last year**<br>£<br>£|**Amounts falling**<br>**due after more than one year**<br>**This year**<br>**Last year**<br>£<br>£|**Amounts falling**<br>**due after more than one year**<br>**This year**<br>**Last year**<br>£<br>£|
|---|---|---|---|---|---|---|
||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<br>trade creditors<br>Amounts due to subsidiary and<br>associated undertakings<br>Other Creditors<br>Accruals and deferred income<br>**Total**|**Amounts falling due**<br>**within one year**<br>**This year**<br>**Last year**<br>**£**<br>£|**Amounts falling due**<br>**within one year**<br>**This year**<br>**Last year**<br>**£**<br>£|**Amounts falling due**<br>**within one year**<br>**This year**<br>**Last year**<br>**£**<br>£|**Amounts falling**<br>**due after more than one year**<br>**This year**<br>**Last year**<br>£<br>£|**Amounts falling**<br>**due after more than one year**<br>**This year**<br>**Last year**<br>£<br>£|**Amounts falling**<br>**due after more than one year**<br>**This year**<br>**Last year**<br>£<br>£|
|---|---|---|---|---|---|---|
||||||||
||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** 

- Please give a brief description of any of the following type of funds held by the charity. ● permanent endownment funds (PE); 

   - expendable endownment funds )EE); 

   - restricted income funds, including special trusts, of the charity ®. 

**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**<br>**balances**<br>**brought**<br>**forward**<br>**£**|**Incoming**<br>**Resources**<br>£|**Outgoing**<br>**resources**<br>£|**Transfers**<br>£|**Gains and**<br>**losses**<br>£|**Fund**<br>**balances**<br>**carried**<br>**forward**<br>**£**|
|---|---|---|---|---|---|---|
|Clydach Lock Restoration|<br>133,231<br>£|78,999<br>£|139,327<br>-£|||72,903<br>£|
|Clydach Canal Centre|44,795<br>£||18,736<br>-£|||26,059<br>£|
|Canal Book|19,194<br>£|||||19,194<br>£|
|Restricted Funds|60,909<br>£|4,375<br>£|6,085<br>-£|||59,199<br>£|
|Unrestricted Funds|1,994<br>£|13,503<br>£|10,876<br>-£|||4,621<br>£|
|Slipway|22,644<br>£|14,500<br>£|3,692<br>-£|||33,452<br>£|
|||||||-<br>£|
|**Total**|282,767<br>£|111,377<br>£|178,716<br>-£|-<br>£||215,428<br>£|



|**13.3**<br>**Transfers between funds**<br>Please give details of anytransfers between funds.<br>From Fund(Name)<br>To Fund(Name)<br>Reason<br>Amount|**13.3**<br>**Transfers between funds**<br>Please give details of anytransfers between funds.<br>From Fund(Name)<br>To Fund(Name)<br>Reason<br>Amount|**13.3**<br>**Transfers between funds**<br>Please give details of anytransfers between funds.<br>From Fund(Name)<br>To Fund(Name)<br>Reason<br>Amount|**13.3**<br>**Transfers between funds**<br>Please give details of anytransfers between funds.<br>From Fund(Name)<br>To Fund(Name)<br>Reason<br>Amount|**13.3**<br>**Transfers between funds**<br>Please give details of anytransfers between funds.<br>From Fund(Name)<br>To Fund(Name)<br>Reason<br>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**<br>**Name of trustee or**<br>**Connectedparty**|**Legal authority**<br>**(eg order,**<br>**governing document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|
|---|---|---|---|---|
|||**This year**<br>£|**Last year**<br>£||
|||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**<br>**or connected party**|**Legal authority**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|
|---|---|---|---|---|
|||**This year**<br>£|**Last year**<br>£||
||||||
||||||



## **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**<br>**trustee or**<br>**relatedparty**|**Relationship**<br>**to charity**|**Description of the**<br>**transaction(s)**|**This year**<br>**£**|**Last Year**<br>**£**|
|---|---|---|---|---|
||||||
||||||
||||||



**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**