Trustees' Summary Report and Accounts
for the year 6th April 2023 to 5th April 2024
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 2023/24 with funding coming from the Shared Prosperity Fund for work on the Hidden Lock Site, and the Hebron Road, Swansea Canal Centre. The Monmouth Building Society provided a grant to purchase gardening
Equipment, including forks, spades, a lawn mower and a strimmer.
Hebron Road site before and after work commenced
- The Hidden Lock, Clydach, Phase two:
The Swansea Canal upstream of the buried Clydach Lock was reopened in October 2023 to create a mooring basin for a trip boat, together with the lock by-wash and portage ramps for canoeists.
- Canoes and Kayaks:
Our Community Canoe and Kayak Hire Project entered its 10th season at Easter 2023. Youth Group hires (Brownies/Beavers/schools etc) went ahead on a number of occasions. There were a number of events run by the canoe team, these included Bunnies on Easter Sunday the Opening day of the season, Pirates at Augst Bank Holiday and Spooky at Halloween. All were well attended. We were fortunate that Pirates was Funded by a grant from Swansea Council’s, Coast scheme. The diverted towpath around the canoe store was tarmacked ready for use once the slipway has been constructed, and a new garden bed created.
• 225 Anniversary
This year saw the 225[th] anniversary of the canal. A number of events were planned, including an Exhibition at the Waterfront Museum, a Party in the Park at Coed Gwilym Park, Clydach, a lantern parade was held along the tow path, a Tapestry was created and 225 Certificates were presented to all who paddled the canal. The Swansea Canal Book was also launched in December 2023.
Pi• oDtryl Sundry 2W May lQarn-6p Cood Park X JO YEts 'p,$wAN8 The Swansea Canal and sis Ear ly Ra,I'•iayS
• Green Flag Community Award:
We were excited to receive the Green Flag Community Award for the eighth consecutive year. This award was given in recognition of the value of the canal as a green space and of the outstanding work done by our volunteers.
• Birds and Bats:
Several bird and bat boxes, constructed by our volunteers, were installed in various locations along the canal. It is pleasing to note the number of birds that moved in during the breeding season.
• Volunteer Activities:
The cornerstone of the Society’s endeavours continued to be the hours worked every Tuesday. When work was allowed, it continued come rain or shine. The work ranging from litter picking, through bank repairs to continuing to build the wall for the garden in the Hidden Lock site.
• Our long-term aim continues to be the joining up of the Swansea, Neath and Tennant canals together with the Tawe River navigation to form a 35-mile navigation waterway. The Swansea Bay Inland Waterway Partnership, of which we are a very active member, met online at intervals throughout 2023-24 to pursue this aim. Every project on the Swansea Canal helps to bring this vision a little closer to reality.
•th110.' 1168 INMMIIK RESOURCESIIIOTE31 Incomin8Rtsources Iron)GÈnratrdFur Voluntsryinwm• ktfvk1esforfjeneratFWMIs I$entIn(Ome 111r6resoUr£esfrQffi Owliablelxtml Captr4UWkin oihssets Other Incomkng Resour 3291 iC.S6 195 17341 17541 102 ortofGE¢rnfjn8Fund5 Costs ofGenertk¥VonthtyIn FundTrWn8Tradhg¢g5ts Ch•rfI4bbeActrrfes 6N7 $391 AOJLtytmw INL* 151 AssetslrythECharfys Use Galnsand Losseson IrNtsrntA5Sets rKTMOVEMEMfiM FUNDS 67.339 27.792 I¥Tfi36 281767
Charity No: 1168894
i
SWANSEA CANAL SOCIETY Unaudited Financial Statements For the year ended 5th April 2024
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 2024
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Page
Society Information 1
Independent Examiners Report 2
Profit and Loss Account 3
Balance Sheet 4
Notes to the Financial Statements 5to18
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Charity No: 1168894 SWANSEA CANAL SOCIETY For the year ended 5th April 2024 . Society Information
Chairman Gordon Walker Treasurer John Gravelle 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 12 Bryntawe Hall Close Ynystawe SA6 5AW Charity Number 1168894 Accountants Cambrian & Co Ltd 13A Victoria Gardens Neath SA11 3AY
,
1
Charity No: 1168894
SWANSEACANAL SOCIETY Independent Examiner's Report
Report to the trustees/members of Swansea Cancel Society on the accounts for the year ended Sth April 2024, 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 whichfin my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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a Signed ee Date
Dylan Jones ACA.
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Cambrian & Co. Ltd
13A Victoria Gardens
Neath
SA11 3AY
Charity No: 1168894
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SWANSEA CANAL SOCIETY
Profit and Loss Account
For the Year Ended 5th April 2024
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a 2w &
= a 2 a x BS
nnSs Guze «( yn g= gut
w Qa EO oa z gq
z25 23 SS ° o
> x= ik ke Load
INCOMINGIncoming ResourcesRESOURCES from (NOTEGenerated3) Funds eei eeeee
Voluntary Income | 3,291] 635,180] | 638,471] 106,966 |
Activities for Generating Funds | s49sf CT CT aos | 2,204 |
Investment Income a ee)
Incoming resources from Charitable Activities eee
Capitalisation of Assets || 8,000] | 80,000]
Other Incoming Resources Elee
TOTAL INCOMING RESOURCES eS eC ee eee
RESOURCES EXPENDED (NOTES 4-8)
Cost of Generating Funds Ce |
Costs of Generating Voluntary Income | 3700[ [| | 3700[ 65]
Fundraising Trading Costs po
CharitableInvestment Management Costs poCi‘CL
Activities | 6,647 | 332,136] | 338,783| 173,325 |
Governance Costs re ee
TOTALOther Resources Expended | a 3ezf [382]] 1,398 |
RESOURCES EXPENDED la eS ee eee
NET INCOMING/(OUTGOING) RESOURCES
BEFORE TRANSFERS [2996] 383,044] | 396,040 ]- 66,877 |
Adjustments (Note 15) a ee ee ee
GROSS TRANSFERS BETWEEN FUNDS eerr eee
NET INCOMING/(OUTGOING) RESOURCES a Oee e e )ee)
BEFORE OTHER RECOGNISED GAINS/(LOSSES) | 12,996[ 383,044[ -| 396,040 [- 66,414 |
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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
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ee
fp - | - f - fT -
neee
| 12,996 | —383,044[ =| 396,040| 267,339 |
rE ee eee
| _27,792| 187,636] =| 215,428 | 282,767 |
ee
| 40,728] s7osso] =| Gttaep | 215,428 |
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3
Charity No: 1168894
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SWANSEACANAL SOCIETY
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Balance Sheet For the Year Ended 5th April 2024
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wn=4B yn ot5szonod =s n = =
E a $ 5 2 $ 8 Lz e aq e a
S562 eor £E2 a a
Fixed Assets a ee ee es
Tangible assets (Note9) 5,630 119,375] | 125,005 45,435
Investments (Note 10) rE ee eee eee eee
Total fixed assets 5,630 119375] 125,005 45,435
Current assets
Stock and work in progress 10.325] =| 10,325{ =|
Debtors (Note 11) 427,647| 428,367 119,743
Adjustments a ee ee ee
Cash at bank and in hand 24,120 23,658] | 47,778 72,641
Total Current assets 35,165 451,305| -_—i| 486,470 192,384
Creditors: amounts falling due within a
one year (Note 12) Po 22,391
Net current assets/(liabilities) 35,158 451,305| -| 486,463 169,993
Total assets less current labilities 40,788 570,680 611,468 215,428
Creditors: amounts falling due after
one year (Note 12) a ee ee ee ee
Provisions for liabilities and charges nes eee ee eee ee
Net Assets 40,788 570,680| - | 611,468 215,428
Funds of the Charity
Unrestricted funds 26,403 26,403 2,087
Accumulated depreciation 6,060 6,060 18,765
Allocated funds 8,325 8,325 6,940
Restricted income funds (Note 13) 570,680 570,680 187,636
Endowment funds (Note 13) a
Total funds 40,788 570,680| - | 611,468 215,428
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Signed by one or two trustees on behalf of all
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Signature 4 Print Name Date of approval
7 -"a_2
4
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Charity No: 1168894
SWANSEA CANAL SOCIETY
Notes to the Financial Statements
For the year ended 5th April 2024
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
. SWANSEACANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 2 Accounting policies
This standard list of accounting policies has been applied by the Charity except for those deleted. Wherea different or additional policy has been adopted then this is detailed in the box below.
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|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|INCOMING|RESOURCES|
|Recognition|of|incoming|These|are|included|in|the|Statement|of|Financial|Activities|(SOFA)|when:|
|resources|e|The|charity|becomes|entitled|to the|resources;|
|e|the|trustees|are|virtually|certain|they|will|receive|the|resources;|and|
|e|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.|
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6
Charity No: 1168894
SWANSEA CANAL SOCIETY
Notes to the Financial Statements For the year ended 5th April 2024
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 ofthe preparation and examination of statutory accounts, the |
| costs oftrustee meetingsand cost ofany legal advicetotrustees on governance or | |
| constitutional matters. | |
| Grants with performance | Where the charity gives a grant with conditions for its payment being a specific level |
| conditions | ofservice oroutputto be provided, such grants are only recognised in theSOFA |
| once the recipient ofthe grant has provided the specified service or output. | |
| Grants payable without | These are only recognised in the accountswhen a commitment has been made and |
| performance conditions | there are no conditions to be met relating to the grant which remain in the control |
| ofthe charity. | |
| Support costs | Support costs include central functions and have been allocated to activity costs |
| categorieson 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 ifthey 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 stockexchange 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. |
| progress | |
| POLICIES ADOPTED | |
| ADDITIONALTO OR | |
| DIFFERENT FROM THOSE | |
| ABOVE |
7
Charity No: 1168894
SWANSEACANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 3 Analysis of incoming resources
Incoming resources may be further analysed if this would help the reader of the accounts.
,
| This year | Lastyear | Lastyear | ||
|---|---|---|---|---|
| Analysis | £ | £ | ||
| Voluntary income | Membership subscriptions | 673.00 | 800.00 | |
| 2,618.00[ 635,180.00 |
||||
| : | : | |||
| Total | 638,471.00 | 106,966.00 | ||
| Activities forgenerating | 8,498.00 | |||
| funds | events | |||
| Canoe Hire Refreshment | i | |||
| Total | 8,498.00 | 2,204.00 | ||
| Investment income | 686.00 | 195.00 | ||
| Total | 686.00 | 195.00 | ||
| Income resources from | Canoe hire project | 17,541.00 | 2,012.00 | |
| charitable activities | ee | |||
| Total | 17,541.00 | 2,012.00 | ||
| Other income | 80,000.00 | =_— | ||
| Total | 80,000.00 | - |
8
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;
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Charity No: 1168894
SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 4 Analysis of resources expended
Resources expended may be further analysed if this would help the reader of the accounts
| Thisyear Last year |
||||
|---|---|---|---|---|
| Analysis | £ £ |
|||
| Costsofgenerating voluntaryincome |
Membership subscriptions Fundraisingcosts CostofBookSales |
[lf 65.00 506.00; ed 3,125.00 ; 69.00]= |
||
| Total | 3,700.00 65.00 |
|||
| Fundraising tradingcosts | lEventCosts | |||
| Total | Pe | |||
| Investment managementcosts |
eee eee eee a ee |
|||
| Total | ||||
| Charitable activities | Clydach Yard &OtherCanal Restoration | 76,171.00 | ||
| 1,329.00] 3,929.00 |
||||
| Waterway recovery | group | 73.00 4,273.00 |
||
| Work, partyequipment and expenses | 645.00 4,837.00 |
|||
| Canal Book Publication Clydach Canal Centre |
19,296.00[si 5610.00; - 235,658.00 18,795.00 |
|||
| Total | 338,782.00 | |||
| Governance costs | 1,350.00 450.00 |
|||
| 429.00 429.00 |
||||
| Other costs | 3,512.00 3,984.00 |
|||
| Total | 5,291.00 4,863.00 |
|||
| Other Resources Expended | 1,382.00] 1,398.00 |
|||
| Total | 1,382.00 1,398.00 |
9
SWANSEA CANAL SOCIETY
Charity No: 1168894
Notes to the Financial Statements For the year ended 5th April 2024
Note 5 Support costs
Please complete this note if the charity has analysed its expenses using activity categories and has support costs.
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||||||||
|---|---|---|---|---|---|---|
|Fundraising|Charitable|Governance|
|Support|cost type|activity|activity|activity|Total|cost|
|£|£|£|£|
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Potala
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
This year Last year Reimbursement of costs of purchases and travelling| on behalff of the societyi 3,410.00
Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor.
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||||||||
|---|---|---|---|---|---|---|
|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.|
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This year £ Last year £
le
a eee
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10
Charity No: 1168894
SWANSEACANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 7 Paid employees Please complete this note if the charity has any employees.
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7.1 Staff costs
Gross wages. Salaries and benefits in kind
Employers National Insurance costs
Pension costs
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This year Last year
£ £
ee ee ee
ee
a ee eee
po iNoneNone
This year Last year
Number Number
i i
a ee ee
Total [NoneNene
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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
7.3 Defined contribution pension scheme
Please complete if a defined contribution pension scheme is operated. Brief details of scheme.
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Not Operated
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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
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This year Last year
£ £
i i
rn
i ee
Ps eee
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11
Charity No: 1168894
SWANSEACANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
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.
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8.1 Total value of grants
Institutions Individuals
Purpose for which grants made Total amount Total amount
£ £
Total NIL Nil
8.1 Grantmaking costs
If the 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 the charity does not identify and/or allocate support
costs.
Support costs of grantmaking
£N/A
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8.1 Grantmaking costs If the 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 the charity does not identify and/or allocate support costs.
8.3 Grants made to institutions
lf 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.
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Total amount of
Names of institutions Purpose grants paid
£
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Total grants to institutions
12
Charity No: 1168894
SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 9 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
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||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|9.1|Cost|or Valuation|
|Freehold|Other|land|Plant|Fixtures|Payments|on|Total|
|land|&|&|buildings|Machinery &|&|fittings|[account|&|
|Buildings|Motor Vehicles|assets|under|
|construction|
|£|£|£|£|£|
|Balance|brought|
|forward|45,005.00|19,016.00|64,021.00|
|Additions|PT|sezoo0f$ 5,630.00|
|DisposalsRevaluations||CT|8000.00CC|80,000.00|
|Transfers|ee|eee|eee|eee|
|Balance|carried|rr|ee|eee|eee|eeeeee|
|forward|45,005.00|85,630.00|19,016.00|149,651.00|
|9.2|Accumulated|depreciation|and|impairment|provisions|
|[basis|||kB|||BT|[BRB]|
|Balance|brought|ee|
|forward|18,586.00|18,586.00|
|Depreciation|charge|
|for year|6,060.00|6,060.00|
|Impairment|
|provisions|
|Revaluations|rs a|es|ee|ee|ee|
|Disposals|es|ee|ee|ee|ee|ee|
|Transfers*|rs|ee|ee|ee|ee|
|Balance|carried|
|forward|24,646.00|24,646.00|
|9.3|Net|book|value|
|Brought forward|Ce ee|eS|a|ee|ee|
|Carried|forward|ER ee|aEe|
|9.4|Revaluation|
|If|any fixed|assets|have|been|revalued|please|give|details|of the|value|and|method|of|valuation.|
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Property Revaluation
- 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 2024
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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£
fd
;
| sd
YY
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
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investment properties
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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
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10.2 10.2
Market Income from
Value at investments for
year end the year
£ £
a
PT
PP
Pf
Total [NONE _ [NONE
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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 2024
Note 11 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments.
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Analysis of debtors Amounts falling due Amounts falling
within one year due after more than one year
This year Last year This year Last year
£ £ £ £
Trade debtors |_428,367.00{ 119,743.00| = =| = - {| == t
associated undertakings
Other Debtors a ee es
Payments and accrued income a ee ee ee ee
Total], Az6367,00 | 110 7ee00fee
Note 12 Creditors and accruals
Please complete this note if the charity has any creditors or accruals
12.1 Analysis of creditors
Amounts falling due Amounts falling
within one year due after more than one year
This year Last year This year Last year
£ £ £ £
Loans and overdrafts a eeee
trade creditors | | aaosaoof |
associated undertakings
Other Creditors | 00] azo |
Accruals and deferred income es ee ee ee ee ee
Totall 00) ease 0e
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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
SWANSEACANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 13. Endownment and restricted income funds Please complete this section if the charity has any endownment or restricted income funds.
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.
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| 13.1 | Funds held | ||
|---|---|---|---|
| Please | give | a brief description ofany ofthe following type offunds held bythe charity. | |
| e | permanent endownmentfunds (PE); | ||
| ° | expendableendownment funds )EE); | ||
| e | restricted income funds, including special trusts, ofthe charity °®. | ||
| FundName TypePE,EE —Purposeand restrictions |
|||
| orR |
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.
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Fund Fund
balances balances
brought Incoming Outgoing Gains and carried
forward Resources resources Transfers losses forward
£ £ £ £ £ £
Clydach Lock Restoration £72,903] £ 479,439 |-¢ 76171[ | [£476,171
Clydach Canal Centre [£€ 26,059] £ 152,586|-€ 236527/ #|— [¢ 57,882
Canal Book EC a ee ee
Restricted Funds £ 59,199 | £ s2400[ || «[é 144,599
UnrestrictedFunds |£ 4,621] £ 30,771 |-« 17,263[ #| |é 18,129
Slipway _ 33452fTT 88,452
ee eee eee eee eee eee
Total|£ 215,428|€ 745196 |-< 349i55[e - | |e 611,469
13.3 Transfers between funds
Please give details of any transfers between funds.
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16
Charity No: 1168894
Notes to the Financial Statements For the year ended 5th April 2024
SWANSEA CANAL SOCIETY
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.
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Name|of trustee|Legal|authority|
|Name|of trustee|or|(eg|order,|This|year|Last|year|
|Connected|party|governing|document)|£|£|
|Po|None|Nome|||
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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.
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|||||||
|---|---|---|---|---|---|
|Name|of|trustee|
|or|connected|party|This|year|Last year|
|Legal|authority|£|£|
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||||||
|---|---|---|---|---|
|Due|to|trustees|and|related|
|Parties|
|Due|from|trustees|and|related|
|Parties|
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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.
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|||||||||
|---|---|---|---|---|---|---|---|
|Name|of the|Relationship|Description|of the|This|year|Last Year|
|trustee|or|to charity|transaction(s)|£|£|
|related|party|
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17
Charity No: 1168894
SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
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 estimates of when the grant will be receivable.
18
Charity No: 1168894
i
SWANSEA CANAL SOCIETY Unaudited Financial Statements For the year ended 5th April 2024
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 2024
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Page
Society Information 1
Independent Examiners Report 2
Profit and Loss Account 3
Balance Sheet 4
Notes to the Financial Statements 5to18
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Charity No: 1168894 SWANSEA CANAL SOCIETY For the year ended 5th April 2024 . Society Information
Chairman Gordon Walker Treasurer John Gravelle 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 12 Bryntawe Hall Close Ynystawe SA6 5AW Charity Number 1168894 Accountants Cambrian & Co Ltd 13A Victoria Gardens Neath SA11 3AY
,
1
Charity No: 1168894
SWANSEACANAL SOCIETY Independent Examiner's Report
Report to the trustees/members of Swansea Cancel Society on the accounts for the year ended Sth April 2024, 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 whichfin my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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a Signed ee Date
Dylan Jones ACA.
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Cambrian & Co. Ltd
13A Victoria Gardens
Neath
SA11 3AY
Charity No: 1168894
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SWANSEA CANAL SOCIETY
Profit and Loss Account
For the Year Ended 5th April 2024
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a 2w &
= a 2 a x BS
nnSs Guze «( yn g= gut
w Qa EO oa z gq
z25 23 SS ° o
> x= ik ke Load
INCOMINGIncoming ResourcesRESOURCES from (NOTEGenerated3) Funds eei eeeee
Voluntary Income | 3,291] 635,180] | 638,471] 106,966 |
Activities for Generating Funds | s49sf CT CT aos | 2,204 |
Investment Income a ee)
Incoming resources from Charitable Activities eee
Capitalisation of Assets || 8,000] | 80,000]
Other Incoming Resources Elee
TOTAL INCOMING RESOURCES eS eC ee eee
RESOURCES EXPENDED (NOTES 4-8)
Cost of Generating Funds Ce |
Costs of Generating Voluntary Income | 3700[ [| | 3700[ 65]
Fundraising Trading Costs po
CharitableInvestment Management Costs poCi‘CL
Activities | 6,647 | 332,136] | 338,783| 173,325 |
Governance Costs re ee
TOTALOther Resources Expended | a 3ezf [382]] 1,398 |
RESOURCES EXPENDED la eS ee eee
NET INCOMING/(OUTGOING) RESOURCES
BEFORE TRANSFERS [2996] 383,044] | 396,040 ]- 66,877 |
Adjustments (Note 15) a ee ee ee
GROSS TRANSFERS BETWEEN FUNDS eerr eee
NET INCOMING/(OUTGOING) RESOURCES a Oee e e )ee)
BEFORE OTHER RECOGNISED GAINS/(LOSSES) | 12,996[ 383,044[ -| 396,040 [- 66,414 |
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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
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ee
fp - | - f - fT -
neee
| 12,996 | —383,044[ =| 396,040| 267,339 |
rE ee eee
| _27,792| 187,636] =| 215,428 | 282,767 |
ee
| 40,728] s7osso] =| Gttaep | 215,428 |
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3
Charity No: 1168894
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SWANSEACANAL SOCIETY
----- End of picture text -----
Balance Sheet For the Year Ended 5th April 2024
----- Start of picture text -----
wn=4B yn ot5szonod =s n = =
E a $ 5 2 $ 8 Lz e aq e a
S562 eor £E2 a a
Fixed Assets a ee ee es
Tangible assets (Note9) 5,630 119,375] | 125,005 45,435
Investments (Note 10) rE ee eee eee eee
Total fixed assets 5,630 119375] 125,005 45,435
Current assets
Stock and work in progress 10.325] =| 10,325{ =|
Debtors (Note 11) 427,647| 428,367 119,743
Adjustments a ee ee ee
Cash at bank and in hand 24,120 23,658] | 47,778 72,641
Total Current assets 35,165 451,305| -_—i| 486,470 192,384
Creditors: amounts falling due within a
one year (Note 12) Po 22,391
Net current assets/(liabilities) 35,158 451,305| -| 486,463 169,993
Total assets less current labilities 40,788 570,680 611,468 215,428
Creditors: amounts falling due after
one year (Note 12) a ee ee ee ee
Provisions for liabilities and charges nes eee ee eee ee
Net Assets 40,788 570,680| - | 611,468 215,428
Funds of the Charity
Unrestricted funds 26,403 26,403 2,087
Accumulated depreciation 6,060 6,060 18,765
Allocated funds 8,325 8,325 6,940
Restricted income funds (Note 13) 570,680 570,680 187,636
Endowment funds (Note 13) a
Total funds 40,788 570,680| - | 611,468 215,428
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Signed by one or two trustees on behalf of all
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Signature 4 Print Name Date of approval
7 -"a_2
4
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Charity No: 1168894
SWANSEA CANAL SOCIETY
Notes to the Financial Statements
For the year ended 5th April 2024
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
. SWANSEACANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 2 Accounting policies
This standard list of accounting policies has been applied by the Charity except for those deleted. Wherea different or additional policy has been adopted then this is detailed in the box below.
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|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|INCOMING|RESOURCES|
|Recognition|of|incoming|These|are|included|in|the|Statement|of|Financial|Activities|(SOFA)|when:|
|resources|e|The|charity|becomes|entitled|to the|resources;|
|e|the|trustees|are|virtually|certain|they|will|receive|the|resources;|and|
|e|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.|
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6
Charity No: 1168894
SWANSEA CANAL SOCIETY
Notes to the Financial Statements For the year ended 5th April 2024
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 ofthe preparation and examination of statutory accounts, the |
| costs oftrustee meetingsand cost ofany legal advicetotrustees on governance or | |
| constitutional matters. | |
| Grants with performance | Where the charity gives a grant with conditions for its payment being a specific level |
| conditions | ofservice oroutputto be provided, such grants are only recognised in theSOFA |
| once the recipient ofthe grant has provided the specified service or output. | |
| Grants payable without | These are only recognised in the accountswhen a commitment has been made and |
| performance conditions | there are no conditions to be met relating to the grant which remain in the control |
| ofthe charity. | |
| Support costs | Support costs include central functions and have been allocated to activity costs |
| categorieson 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 ifthey 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 stockexchange 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. |
| progress | |
| POLICIES ADOPTED | |
| ADDITIONALTO OR | |
| DIFFERENT FROM THOSE | |
| ABOVE |
7
Charity No: 1168894
SWANSEACANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 3 Analysis of incoming resources
Incoming resources may be further analysed if this would help the reader of the accounts.
,
| This year | Lastyear | Lastyear | ||
|---|---|---|---|---|
| Analysis | £ | £ | ||
| Voluntary income | Membership subscriptions | 673.00 | 800.00 | |
| 2,618.00[ 635,180.00 |
||||
| : | : | |||
| Total | 638,471.00 | 106,966.00 | ||
| Activities forgenerating | 8,498.00 | |||
| funds | events | |||
| Canoe Hire Refreshment | i | |||
| Total | 8,498.00 | 2,204.00 | ||
| Investment income | 686.00 | 195.00 | ||
| Total | 686.00 | 195.00 | ||
| Income resources from | Canoe hire project | 17,541.00 | 2,012.00 | |
| charitable activities | ee | |||
| Total | 17,541.00 | 2,012.00 | ||
| Other income | 80,000.00 | =_— | ||
| Total | 80,000.00 | - |
8
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;
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Charity No: 1168894
SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 4 Analysis of resources expended
Resources expended may be further analysed if this would help the reader of the accounts
| Thisyear Last year |
||||
|---|---|---|---|---|
| Analysis | £ £ |
|||
| Costsofgenerating voluntaryincome |
Membership subscriptions Fundraisingcosts CostofBookSales |
[lf 65.00 506.00; ed 3,125.00 ; 69.00]= |
||
| Total | 3,700.00 65.00 |
|||
| Fundraising tradingcosts | lEventCosts | |||
| Total | Pe | |||
| Investment managementcosts |
eee eee eee a ee |
|||
| Total | ||||
| Charitable activities | Clydach Yard &OtherCanal Restoration | 76,171.00 | ||
| 1,329.00] 3,929.00 |
||||
| Waterway recovery | group | 73.00 4,273.00 |
||
| Work, partyequipment and expenses | 645.00 4,837.00 |
|||
| Canal Book Publication Clydach Canal Centre |
19,296.00[si 5610.00; - 235,658.00 18,795.00 |
|||
| Total | 338,782.00 | |||
| Governance costs | 1,350.00 450.00 |
|||
| 429.00 429.00 |
||||
| Other costs | 3,512.00 3,984.00 |
|||
| Total | 5,291.00 4,863.00 |
|||
| Other Resources Expended | 1,382.00] 1,398.00 |
|||
| Total | 1,382.00 1,398.00 |
9
SWANSEA CANAL SOCIETY
Charity No: 1168894
Notes to the Financial Statements For the year ended 5th April 2024
Note 5 Support costs
Please complete this note if the charity has analysed its expenses using activity categories and has support costs.
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||||||||
|---|---|---|---|---|---|---|
|Fundraising|Charitable|Governance|
|Support|cost type|activity|activity|activity|Total|cost|
|£|£|£|£|
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Potala
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
This year Last year Reimbursement of costs of purchases and travelling| on behalff of the societyi 3,410.00
Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor.
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||||||||
|---|---|---|---|---|---|---|
|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.|
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This year £ Last year £
le
a eee
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10
Charity No: 1168894
SWANSEACANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 7 Paid employees Please complete this note if the charity has any employees.
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7.1 Staff costs
Gross wages. Salaries and benefits in kind
Employers National Insurance costs
Pension costs
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This year Last year
£ £
ee ee ee
ee
a ee eee
po iNoneNone
This year Last year
Number Number
i i
a ee ee
Total [NoneNene
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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
7.3 Defined contribution pension scheme
Please complete if a defined contribution pension scheme is operated. Brief details of scheme.
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Not Operated
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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
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This year Last year
£ £
i i
rn
i ee
Ps eee
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11
Charity No: 1168894
SWANSEACANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
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.
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8.1 Total value of grants
Institutions Individuals
Purpose for which grants made Total amount Total amount
£ £
Total NIL Nil
8.1 Grantmaking costs
If the 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 the charity does not identify and/or allocate support
costs.
Support costs of grantmaking
£N/A
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8.1 Grantmaking costs If the 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 the charity does not identify and/or allocate support costs.
8.3 Grants made to institutions
lf 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.
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Total amount of
Names of institutions Purpose grants paid
£
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Total grants to institutions
12
Charity No: 1168894
SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 9 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
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||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|9.1|Cost|or Valuation|
|Freehold|Other|land|Plant|Fixtures|Payments|on|Total|
|land|&|&|buildings|Machinery &|&|fittings|[account|&|
|Buildings|Motor Vehicles|assets|under|
|construction|
|£|£|£|£|£|
|Balance|brought|
|forward|45,005.00|19,016.00|64,021.00|
|Additions|PT|sezoo0f$ 5,630.00|
|DisposalsRevaluations||CT|8000.00CC|80,000.00|
|Transfers|ee|eee|eee|eee|
|Balance|carried|rr|ee|eee|eee|eeeeee|
|forward|45,005.00|85,630.00|19,016.00|149,651.00|
|9.2|Accumulated|depreciation|and|impairment|provisions|
|[basis|||kB|||BT|[BRB]|
|Balance|brought|ee|
|forward|18,586.00|18,586.00|
|Depreciation|charge|
|for year|6,060.00|6,060.00|
|Impairment|
|provisions|
|Revaluations|rs a|es|ee|ee|ee|
|Disposals|es|ee|ee|ee|ee|ee|
|Transfers*|rs|ee|ee|ee|ee|
|Balance|carried|
|forward|24,646.00|24,646.00|
|9.3|Net|book|value|
|Brought forward|Ce ee|eS|a|ee|ee|
|Carried|forward|ER ee|aEe|
|9.4|Revaluation|
|If|any fixed|assets|have|been|revalued|please|give|details|of the|value|and|method|of|valuation.|
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Property Revaluation
- 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 2024
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 -----
£
fd
;
| sd
YY
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
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investment properties
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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
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10.2 10.2
Market Income from
Value at investments for
year end the year
£ £
a
PT
PP
Pf
Total [NONE _ [NONE
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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 2024
Note 11 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments.
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Analysis of debtors Amounts falling due Amounts falling
within one year due after more than one year
This year Last year This year Last year
£ £ £ £
Trade debtors |_428,367.00{ 119,743.00| = =| = - {| == t
associated undertakings
Other Debtors a ee es
Payments and accrued income a ee ee ee ee
Total], Az6367,00 | 110 7ee00fee
Note 12 Creditors and accruals
Please complete this note if the charity has any creditors or accruals
12.1 Analysis of creditors
Amounts falling due Amounts falling
within one year due after more than one year
This year Last year This year Last year
£ £ £ £
Loans and overdrafts a eeee
trade creditors | | aaosaoof |
associated undertakings
Other Creditors | 00] azo |
Accruals and deferred income es ee ee ee ee ee
Totall 00) ease 0e
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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.
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Charity No: 1168894
SWANSEACANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
Note 13. Endownment and restricted income funds Please complete this section if the charity has any endownment or restricted income funds.
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.
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| 13.1 | Funds held | ||
|---|---|---|---|
| Please | give | a brief description ofany ofthe following type offunds held bythe charity. | |
| e | permanent endownmentfunds (PE); | ||
| ° | expendableendownment funds )EE); | ||
| e | restricted income funds, including special trusts, ofthe charity °®. | ||
| FundName TypePE,EE —Purposeand restrictions |
|||
| orR |
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.
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Fund Fund
balances balances
brought Incoming Outgoing Gains and carried
forward Resources resources Transfers losses forward
£ £ £ £ £ £
Clydach Lock Restoration £72,903] £ 479,439 |-¢ 76171[ | [£476,171
Clydach Canal Centre [£€ 26,059] £ 152,586|-€ 236527/ #|— [¢ 57,882
Canal Book EC a ee ee
Restricted Funds £ 59,199 | £ s2400[ || «[é 144,599
UnrestrictedFunds |£ 4,621] £ 30,771 |-« 17,263[ #| |é 18,129
Slipway _ 33452fTT 88,452
ee eee eee eee eee eee
Total|£ 215,428|€ 745196 |-< 349i55[e - | |e 611,469
13.3 Transfers between funds
Please give details of any transfers between funds.
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Charity No: 1168894
Notes to the Financial Statements For the year ended 5th April 2024
SWANSEA CANAL SOCIETY
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.
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|---|---|---|---|---|---|---|---|---|
|Name|of trustee|Legal|authority|
|Name|of trustee|or|(eg|order,|This|year|Last|year|
|Connected|party|governing|document)|£|£|
|Po|None|Nome|||
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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.
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|---|---|---|---|---|---|
|Name|of|trustee|
|or|connected|party|This|year|Last year|
|Legal|authority|£|£|
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||||||
|---|---|---|---|---|
|Due|to|trustees|and|related|
|Parties|
|Due|from|trustees|and|related|
|Parties|
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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.
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|---|---|---|---|---|---|---|---|
|Name|of the|Relationship|Description|of the|This|year|Last Year|
|trustee|or|to charity|transaction(s)|£|£|
|related|party|
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Charity No: 1168894
SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2024
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 estimates of when the grant will be receivable.
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