## Trustees' Summary Report and Accounts for the year 6th April 2024 to 5th April 2025 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 2024/25 with funding coming from the Shared Prosperity Fund for work on the Hidden Lock Site, and the Hebron Road, Swansea Canal Centre, and boat basin. Boat being craned into the new Boat Basin - The Hidden Lock, Clydach, Phase three: The buried Clydach Lock was unearthed and found to be in quite good condition, and work continued on the area around the lock site to get it ready for re-opening in due course. ##  Canoes and Kayaks: Our Community Canoe and Kayak Hire Project entered its 11th season at Easter 2024. 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, Summer Fun in June, Pirates at August 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. ## • Green Flag Community Award: We were excited to receive the Green Flag Community Award for the ninth 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. Volunteers also assisted at one of the local schools with a bit of gardening and painting. • 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 2024-25 to pursue this aim. Every project on the Swansea Canal helps to bring this vision a little closer to reality. Charity No". 1168894 SWANSEA fANAISOOETY Profit and Loss Account Forthe Year Ended 5th 2025 NCOMIIIG RESOURCES INOTE 31 Incomin£ ReS0￿rCeSfrOrn Generaied Funds Voluntary Income Activilies for Gener3bn8 Funds Investment Incoffle Incoming resource5 from Charirab* AttThfities C3Pitalis3tion of Ayets Other Incomillg Resources TOTAL IPICOMING RESOURCES 7.405 3.921 2.305 7.816 646,996 654.401 3.921 2.305 7.816 80,625 374 749,442 638.471 8.498 788 17,54L 80.625 374 2L821 102 745.196 727.621 RESOURCES EXPENDED IIIOTES ty81 Cost of Generatin8 Fund5 Costs of Geneiatln8 Voluntary Income FundrÈisillgTradin8 Costs Investment Managenier*t Costs CharitableAcrivit1e5 Governance Costs Other Resources Expènded TOTAL RESOURCES EXPENDED 2,421 2,421 3,7￿ 17.436 6.114 5.759 31.730 986.656 I,OY.092 6,114 S.759 1,018.386 338,783 5.291 1.382 349.156 986,656 14ET INCOMINGiioufGOINGI RE50LIRCES 8EFORETIIANSFERS Adjustmenrs INote 151 GROSSTRANSFERS BETWEE14 FUNDS 259.035 268.944 396,040 INCOMINGiioufGOINGI RESOURCE5 BEFORE OTHEII RECOfjNISED GAIN51110SSESI 259.035 268.944 396.(NlO OThER RECOGN15ED GAINSIILOSSESI Gains and Losses on Revaluation of Fixed A55ets lor the Charity's Own Use Gains and L055es on Investrnent Assets NEf MOVEME￿ IN FUNDS 259.03S 268.944 396,040 TOTAL FLINOS BAOUGFtr FORWARD 40.788 570.6A) 61L468 215.428 TOTAL FUPIDS CARRIED FORWARD 30,879 311.645 342.S24 611.468 Charity No: 1168894 SWANSEA CANAL SOCIETY Unaudited Financial Statements For the year ended 5th April 2025 Cambrian & Co Ltd 13A Victoria Gardens Neath SA11 3AY Charity No: 1168894 SWANSEA CANAL SOCIETY For the year ended Sth April 2025 Society Information Chairman Gordon Walker Treasurer John Gravelle Secretary Michael Fuller Trustees Gordon Walker John Gwalter Michael Fuller John Gravelle Sharon Blackford Alan Tremlett Lance Goodenough Moira Hobbs Address 12 Bryntawe Hall Close Ynystawe SA6 SAW 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 Sth April 2025, 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 **----- Start of picture text -----**
reached.2) to whichginff my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be
wlaufhatfemnsaniiiinmenanen ‘Signed AB Ife Date
pyle es A.C.A.
**----- End of picture text -----**
Cambrian & Co. Ltd 13A Victoria Gardens Neath SA11 3AY Charity No: 1168894 SWANSEA CANAL SOCIETY Profit and Loss Account For the Year Ended Sth April 2025 **----- Start of picture text -----**
aab
Feb5aa S Fa= w3 st3
wo EO oa 4 <
25 #88 25 5 5
Du a tu = Ee
INCOMING RESOURCES (NOTE 3) rs ee
Incoming Resources from Generated Funds | | | ££~= 2a, 4]
Voluntary Income | 740s{casos | | 654,01 | 638,471 |
Activities for Generating Funds | 3gzaf | Cdtsti C98 |
IncomingInvestment Income | 230sf [T2305] [788 |
resources from Charitable Activities | 7g] Std] Ss~=éiLSC“‘(‘(‘SCNC#§SG | 7,542 |
CapitalisationOther of Assets | [62s] | 80,65 [80,000 |
TOTALIncoming Resources Pp [a7atParg] 102 |
INCOMING RESOURCES | az] [727,621] 7aa,aaa [745,196 |
RESOURCES EXPENDED (NOTES 4-8)
Costs of Generating Voluntary Income re ee ee es >
Fundraising Trading Costs ee ee ee ee ee
Investment Management Costs es a ee
GovernanceCharitable Activities | __i7a3e| 96656 [ [[4,004,092] [338,783 |
Other Costs peana Pata[5,292]
TOTALResources Expended Pessof | 759 2,382 |
RESOURCES EXPENDED | _31730| sees[1,018,[ 3 49,15686|
NET INCOMING/(OUTGOING) RESOURCES
BEFORE TRANSFERS |} _9,s09| 2sa0as FF 268,984 | 396,040 |
Adjustments (Note 15) EeSS
GROSS TRANSFERS BETWEEN FUNDS i eee
NET ESco
INCOMING/(OUTGOING) RESOURCES i ae ee ee
BEFORE OTHER RECOGNISED GAINS/(LOSSES) 9,909 |- _259,035[ ss -|- 268,944] 396,040 |
**----- End of picture text -----**
## OTHER RECOGNISED GAINS/(LOSSES) Gains and Losses on Revaluation of Fixed AssetsGains for the Charity's Own Use eeee ee and Losses on Investment Assets eee ee eee NET ee EE Ti MOVEMENT IN FUNDS |}a9,909| asaoas[[[268,944] | 396,040 | TOTAL ee se FUNDS BROUGHT FORWARD | 40,78 s7oeg0[ | etaa6a | 215,428 | TOTAL a es ee ee ee FUNDS CARRIED FORWARD |__30,879[ 3az6a5[[[34,524]] 61,468 | 3 SWANSEA CANAL SOCIETY Charity No: 1168894 Balance Sheet For the Year Ended Sth April 2025 |Fixed Assets||om
i=
A
“n
n
oS
S62
a|bit
ku
5s
=
=
zon
4)
£38
8,8
¢o2
g42|—
zy
2s|—
Zs
28| |---|---|---|---|---|---| |Tangible assets
(Note9)||5,630|200,000[|205,630|125,005| |Investments
(Note 10)
Total fixed assets||a
5,630|ee ee
200,000[||ee
205,630|125,005| |Current assets|||||| |Stockandwork in progress
Debtors
(Note 11)
Adjustments
Cash atbankand in hand
Total Current assets||ee
a
25,249|ee
96,064;
ee
15581;|
111,645|e|8,385
96,184
32,325
136,894|10,325
428,367
47,778
486,470| |Creditors:amountsfallingduewithin
oneyear
(Note 12)||PT
Po|||| |Netcurrentassets/(liabilities)||25,249|111,645[=||136,894|486,463| |Total assets lesscurrent labilities||30,879|311,645]
- ||342,524|611,468| |Creditors: amounts falling due after|||||| |oneyear
(Note 12)||ee|ee||| |NetAssets||30,879|311645;
- ||342,524|611,468| |Funds ofthe Charity|||||| |Unrestricted funds
Accumulated depreciation
Allocatedfunds
Restricted incomefunds
Endowmentfunds (Note 13)
Totalfunds|(Note 13)|16,494
6,060
8,325
30,879|311,645
a
311645];
-||16,494
6,060
8,325
311,645
ee
342,524|26,403
6,060
8,325
570,680
ee
611,468| Signed by one or two trustees on behalf of all **----- Start of picture text -----**
Signature, Print Name Date of approval
fpf £0 FORD
WAL ICE fM- ds; 25se
=3
**----- End of picture text -----**
4 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 ## 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 Sth April 2025 ## 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 **----- Start of picture text -----**
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |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.| **----- End of picture text -----**
6 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 EXPENDITURE AND LIABILITIES |Liabilityrecognition|liabilities are recognised assoon as there is a legal or constructive obligation| |---|---| ||committing the charity to pay our resources.| |Governance costs|Include costs ofthe preparation and examination ofstatutory accounts, the| ||costs oftrustee meetings and cost ofany legal advice to trustees on governance or| ||constitutional matters.| |Grants with performance
conditions|Wherethe charity gives a grantwith conditions for itspayment being a specific level
ofservice oroutputto be provided, such grants areonlyrecognised in theSOFA| ||once the recipient ofthe grant has provided the specified service or output.| |Grants payablewithout|These are only recognised in the accountswhen acommitment has been made and| |performance conditions|there are no conditions tobemetrelatingtothe grantwhich remain inthe control
of the charity.| |Support costs|Support costs include central functions and have been allocated to activitycosts| ||categories on a basis consistent with the use of resources, eg. Allocating property| ||costs by floor areas, or per capita, staff costs bythetimespentand 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 bycharity|£500.00. They are valued atcost ora reasonable value on receipt.| |Investments|Investmentsquoted on a recognised stock exchange are valued atmarketvalue 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 ofcost or market value.| |progress|| |POLICIES ADOPTED|| |ADDITIONALTO OR|None| |DIFFERENT FROM THOSE|| |ABOVE|| 7 Charity No: 1168894 ## SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2025 ## Note 3 Analysis of incoming resources Incoming resources may be further analysed if this would help the reader of the accounts. ||.
Analysis||This year
£|Last year
£| |---|---|---|---|---| |Voluntaryincome|Membership subscriptions||875.00|673.00| ||grants||6,530.00|
SS«*SC«i6,996.00 ||2,618.00
685,180.00| |||Total|654,401.00|638,471.00| |Activities forgenerating
funds|sales
events
Canoe Hire Refreshment|SSCSCS™~*~*dSC*éSSGOT
8,498.00
™~—“—tsSOC“‘(CSNSCSUSC‘CNS!‘Cd
ee||| |||Total|3,921.00|8,498.00| |Investmentincome|||2,305.00|686.00| |||Total|2,305.00|686.00| |Income resourcesfrom
charitable activities|Canoe hire project
7,816.00
17,541.00
a|||| |||Total|7,816.00|17,541.00| |OtherIncome|other|™~—“s™SCSCSY|80,625.00 |_80,000.00
372.00[=||| |||Total|80,997.00|80,000.00| 8 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 Note 4 Analysis of resources expended |Resources expendedmay be furtheranalysed ifthiswould helpthe readerofthe accounts|Resources expendedmay be furtheranalysed ifthiswould helpthe readerofthe accounts| |---|---| ||Thisyear
Lastyear
Analysis
£
£| |Costsofgenerating
voluntaryincome|Membership subscriptions
|
hurd
446.00
506.00
Cost ofBookSales
1,891.00
3,125.00
sumup Te
SS™S™~™~—S Ci
|
69.00| ||Total
2,421.00
3,700.00| |Fundraisingtrading costs|eventCosts
COSCO]| ||Total fe| |Investment
managementcosts|a
a| ||Tel
[eae| |Charitable activities|Clydach Yard& OtherCanal Restoration
924,853.00
76,171.00| ||$39.00 |
__1,329.00
Waterway
recoverygroup
fe
73.00
Work, party equipment and expenses
362.00
645.00
Canal Book Publication
|=
_~*[(19,296.00
other
™~—“—SCSCCSSY
131.00]
5,610.00
Clydach Canal Centre
78,207.00 | 235,658.00| ||Total
1,004,092.00 | 338,782.00| |Governancecosts|450.00 |
1,350.00
[Depreciation
SSC*dSSCS™SCSCSSC*dST 9.00
JOthercosts TT
SSS*dYSCS*«iSSHG]
3,512.00| ||Total
6,114.00
5,291.00| |OtherResourcesExpended|[OtherCosts
SSSCS~*«dSCS*~‘“CTSBWOO|,382.00
Total
5,759.00
1,382.00| 9 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 Charity No: 1168894 ## Note 5 Support costs Please complete this note if the charity has analysed its expenses using activity categories and has support costs. **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |Support|Fundraising|Charitable|Governance| |cost type|activity|activity|activity|Total|cost| |£|£|£|£| |__ tol|Eee||e| **----- End of picture text -----**
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. **----- Start of picture text -----**
||||| |---|---|---|---| |Number| |of trustees who|were|paid|expenses| **----- End of picture text -----**
## Nature of expenses **----- Start of picture text -----**
|||||| |---|---|---|---|---| |This year|Last year| |Reimbursement|of costs|of|purchases|and| |travellingMi|on|behalfhalf of|of|the societyi| **----- End of picture text -----**
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 Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor. **----- Start of picture text -----**
||| |---|---| |This year £|Last year £| |a| |a| **----- End of picture text -----**
10 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 ## Note 7 Paid employees Please complete this note if the charity has any employees. 7.1 Staff costs **----- Start of picture text -----**
This year Last year
Gross £ £
wages. Salaries and benefits in kind rs ee
Employers National Insurance costs a ee
Pension costs eeee
Total staff costs Lia None “ei Noners |
7.2 Average number of full-time equivalent employees This year Last year
in the year Number Number
The parts of the charity in which the rs ee
employees work rs
Total [| None [None=
**----- End of picture text -----**
7.3 Defined contribution pension scheme Please complete if a defined contribution pension scheme is operated. Brief details of scheme. **----- Start of picture text -----**
Not Operated
**----- End of picture text -----**
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 **----- Start of picture text -----**
This year Last year
£ £
a ee
re ee
a ee
[ch SeiNone! 2 SF INene= |
**----- End of picture text -----**
11 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 Note 8 Grantmaking Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken. |8.1|Total value ofgrants||| |---|---|---|---| |||Institutions|Individuals| ||Purpose forwhich grantsmade|Totalamount|Totalamount| |||£|£| ||Total|ee
ee
eS|| 8.1 Grantmaking costs If the charity's accounts are prepared on the “activity” basis please give details of any support cost costs.associated with grantmaking. Please enter "NIL" if the charity does not identify and/or allocate support Support costs of grantmaking **----- Start of picture text -----**
EN/A
**----- End of picture text -----**
## 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 Total amount of of institutions Purpose grants paid £ Total grants to institutions 12 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets |9.1
Cost or|Valuation|||||| |---|---|---|---|---|---|---| ||Freehold
land&|Otherland
& buildings|Plant
Machinery&|Fixtures
& fittings|Paymentson
|account&|Total| ||Buildings||MotorVehicles||assets under|| ||||||construction|| ||£|£|£|£||£| |Balance brought||||||| |forward
Additions
Revaluations
Disposals
Transfers
Balance
carried
forward|45,005.00
160,625
24,646.00
230,276.00
pe
ay
ase
a
a
ee
eee
45,005.00
160,625.00
24,646.00
230,276.00|||||| |9.2
Accumulated depreciationand||and impairment|provisions|||| ||[**basis ||kaRBTSRSCYSCCd
20.00%||||| |Balance brought
forward
Depreciation charge|||18,586.00|||ee
18,586.00| |foryear
Impairment|||6,060.00|||6,060.00| |provisions||||||| |Revaluations
Disposals
Transfers*|a
a
a|||||| |Balance carried||||||| |forward|||24,646.00|||24,646.00| |9.3
Net book|value|||||| |Broughtforward
Carried
forward|149,651.00|sd
230,276.00]|||s«24,646.00ee
eee ee
2aeaecof
|SC*dECSSCSS*dY~C205,630.00|||| 9.4 Revaluation If any fixed assets have been revalued please give details of the value and method of valuation. 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 Sth April 2025 Note 10 Investments assets Please complete this note if the charity has any investment assets. **----- Start of picture text -----**
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
**----- End of picture text -----**
**----- Start of picture text -----**
£
fs
|
[sd
|
NONE ~
**----- End of picture text -----**
## 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. **----- Start of picture text -----**
Analysis of investments 10.2 10.2
Market Income from
Value at investments for
year end the year
investment £ £
properties a
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 Ff
Securities not listed on a recognised stock exchange Ft
Cash held as part of the investment portfolio fT
Total NONE NONE
**----- End of picture text -----**
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 Sth April 2025 Note 11 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments. **----- Start of picture text -----**
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 £ £ £ £
associatedAmountsdebtorsdue undertakingsfrom subsidiary and | 9618400[ azase7oo[ [|Ft]dTSCOCSC*~idSC“‘“‘C;*
Other Debtors a
Payments and accrued income a
Totall 396,184.00 |"42936700[ 75 ole San | ne Ee
**----- End of picture text -----**
Note 12 = Creditors and accruals Please complete this note if the charity has any creditors or accruals 12.1 Analysis of creditors **----- Start of picture text -----**
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
trade creditors a
Amounts due to subsidiary and
Other Creditors ee 2) |
Accruals and deferred income SS
Total Se | ee
**----- End of picture text -----**
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 Sth April 2025 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. e permanent endownment funds (PE); ° expendable endownment funds )EE); e restricted income funds, including special trusts, of the charity ®. Fund Name Type PE, EE Purpose and 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, **----- Start of picture text -----**
Fund Fund
balances balances
brought Incoming Outgoing Gains and carried
forward Resources resources Transfers losses forward
Clydach £ £ £ £ £ £
Clydach LockRestoratioy £ 476,171/£ 500,270|-¢ 919,269[ ~+| ide 57,172
Canal Canal Centre |-£ 57,882] £ 33,463 |-€ 78,207{ sd SSE «102,026
Book a FS Cses
UnrestrictedRestrictedFunds___[é 141s99|¢ = [esalS=*dYC~C*tsti‘“‘i SS
Slipway Funds [| £ 18,129/£ 102,444 |-£ 20,856 a ee 99,717
Hebron SE 33,452 a ee YY
Rd Boat Basin £ 113,264/¢ «de a3, 264
Total |£ 611469 /£ | 749,4aile toig3zee[e - | sie 349.504
13.3 Transfers between funds
Please give details of any transfers between funds.
**----- End of picture text -----**
16 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2025 Note 14 Transactions with related parties \f 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 oftrustee|Legal authority|Amounts paid or benefit value| |---|---|---|---| ||Name oftrustee or|(eg order,|This year
Lastyear| ||Connected party
governing document)
£
£
PO
none
nonei||| |14.2|Loans||| |Please
charity|give details ofand amountsowing
attheyearend.|owing to orfrom the charity'strustees|trustees orother related parties bythe| ||Nameof
trustee
orconnected party|Nameof
trustee
orconnected party|Thisyear|Thisyear|Lastyear| |---|---|---|---|---|---| |||Legal authority||£|£| |trustees and related|||||| |trustees and related|||||| |Other transaction(s) with|trustees or related parties||||| |details ofany transaction|undertaken by|(or on behalf of) the charity in which a trustee or|||| |party has a material interest.|||||| |Nameofthe|Relationship|Description ofthe|This|year|Last Year| |trustee or|to charity|transaction(s)||£|£| |relatedparty|||||| Due to trustees and related Parties Due from trustees and related Parties 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. 17 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 ## 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. **----- Start of picture text -----**
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.
**----- End of picture text -----**
18 Charity No: 1168894 SWANSEA CANAL SOCIETY Unaudited Financial Statements For the year ended 5th April 2025 Cambrian & Co Ltd 13A Victoria Gardens Neath SA11 3AY Charity No: 1168894 SWANSEA CANAL SOCIETY For the year ended Sth April 2025 Society Information Chairman Gordon Walker Treasurer John Gravelle Secretary Michael Fuller Trustees Gordon Walker John Gwalter Michael Fuller John Gravelle Sharon Blackford Alan Tremlett Lance Goodenough Moira Hobbs Address 12 Bryntawe Hall Close Ynystawe SA6 SAW 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 Sth April 2025, 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 **----- Start of picture text -----**
reached.2) to whichginff my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be
wlaufhatfemnsaniiiinmenanen ‘Signed AB Ife Date
pyle es A.C.A.
**----- End of picture text -----**
Cambrian & Co. Ltd 13A Victoria Gardens Neath SA11 3AY Charity No: 1168894 SWANSEA CANAL SOCIETY Profit and Loss Account For the Year Ended Sth April 2025 **----- Start of picture text -----**
aab
Feb5aa S Fa= w3 st3
wo EO oa 4 <
25 #88 25 5 5
Du a tu = Ee
INCOMING RESOURCES (NOTE 3) rs ee
Incoming Resources from Generated Funds | | | ££~= 2a, 4]
Voluntary Income | 740s{casos | | 654,01 | 638,471 |
Activities for Generating Funds | 3gzaf | Cdtsti C98 |
IncomingInvestment Income | 230sf [T2305] [788 |
resources from Charitable Activities | 7g] Std] Ss~=éiLSC“‘(‘(‘SCNC#§SG | 7,542 |
CapitalisationOther of Assets | [62s] | 80,65 [80,000 |
TOTALIncoming Resources Pp [a7atParg] 102 |
INCOMING RESOURCES | az] [727,621] 7aa,aaa [745,196 |
RESOURCES EXPENDED (NOTES 4-8)
Costs of Generating Voluntary Income re ee ee es >
Fundraising Trading Costs ee ee ee ee ee
Investment Management Costs es a ee
GovernanceCharitable Activities | __i7a3e| 96656 [ [[4,004,092] [338,783 |
Other Costs peana Pata[5,292]
TOTALResources Expended Pessof | 759 2,382 |
RESOURCES EXPENDED | _31730| sees[1,018,[ 3 49,15686|
NET INCOMING/(OUTGOING) RESOURCES
BEFORE TRANSFERS |} _9,s09| 2sa0as FF 268,984 | 396,040 |
Adjustments (Note 15) EeSS
GROSS TRANSFERS BETWEEN FUNDS i eee
NET ESco
INCOMING/(OUTGOING) RESOURCES i ae ee ee
BEFORE OTHER RECOGNISED GAINS/(LOSSES) 9,909 |- _259,035[ ss -|- 268,944] 396,040 |
**----- End of picture text -----**
## OTHER RECOGNISED GAINS/(LOSSES) Gains and Losses on Revaluation of Fixed AssetsGains for the Charity's Own Use eeee ee and Losses on Investment Assets eee ee eee NET ee EE Ti MOVEMENT IN FUNDS |}a9,909| asaoas[[[268,944] | 396,040 | TOTAL ee se FUNDS BROUGHT FORWARD | 40,78 s7oeg0[ | etaa6a | 215,428 | TOTAL a es ee ee ee FUNDS CARRIED FORWARD |__30,879[ 3az6a5[[[34,524]] 61,468 | 3 SWANSEA CANAL SOCIETY Charity No: 1168894 Balance Sheet For the Year Ended Sth April 2025 |Fixed Assets||om
i=
A
“n
n
oS
S62
a|bit
ku
5s
=
=
zon
4)
£38
8,8
¢o2
g42|—
zy
2s|—
Zs
28| |---|---|---|---|---|---| |Tangible assets
(Note9)||5,630|200,000[|205,630|125,005| |Investments
(Note 10)
Total fixed assets||a
5,630|ee ee
200,000[||ee
205,630|125,005| |Current assets|||||| |Stockandwork in progress
Debtors
(Note 11)
Adjustments
Cash atbankand in hand
Total Current assets||ee
a
25,249|ee
96,064;
ee
15581;|
111,645|e|8,385
96,184
32,325
136,894|10,325
428,367
47,778
486,470| |Creditors:amountsfallingduewithin
oneyear
(Note 12)||PT
Po|||| |Netcurrentassets/(liabilities)||25,249|111,645[=||136,894|486,463| |Total assets lesscurrent labilities||30,879|311,645]
- ||342,524|611,468| |Creditors: amounts falling due after|||||| |oneyear
(Note 12)||ee|ee||| |NetAssets||30,879|311645;
- ||342,524|611,468| |Funds ofthe Charity|||||| |Unrestricted funds
Accumulated depreciation
Allocatedfunds
Restricted incomefunds
Endowmentfunds (Note 13)
Totalfunds|(Note 13)|16,494
6,060
8,325
30,879|311,645
a
311645];
-||16,494
6,060
8,325
311,645
ee
342,524|26,403
6,060
8,325
570,680
ee
611,468| Signed by one or two trustees on behalf of all **----- Start of picture text -----**
Signature, Print Name Date of approval
fpf £0 FORD
WAL ICE fM- ds; 25se
=3
**----- End of picture text -----**
4 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 ## 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 Sth April 2025 ## 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 **----- Start of picture text -----**
||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |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.| **----- End of picture text -----**
6 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 EXPENDITURE AND LIABILITIES |Liabilityrecognition|liabilities are recognised assoon as there is a legal or constructive obligation| |---|---| ||committing the charity to pay our resources.| |Governance costs|Include costs ofthe preparation and examination ofstatutory accounts, the| ||costs oftrustee meetings and cost ofany legal advice to trustees on governance or| ||constitutional matters.| |Grants with performance
conditions|Wherethe charity gives a grantwith conditions for itspayment being a specific level
ofservice oroutputto be provided, such grants areonlyrecognised in theSOFA| ||once the recipient ofthe grant has provided the specified service or output.| |Grants payablewithout|These are only recognised in the accountswhen acommitment has been made and| |performance conditions|there are no conditions tobemetrelatingtothe grantwhich remain inthe control
of the charity.| |Support costs|Support costs include central functions and have been allocated to activitycosts| ||categories on a basis consistent with the use of resources, eg. Allocating property| ||costs by floor areas, or per capita, staff costs bythetimespentand 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 bycharity|£500.00. They are valued atcost ora reasonable value on receipt.| |Investments|Investmentsquoted on a recognised stock exchange are valued atmarketvalue 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 ofcost or market value.| |progress|| |POLICIES ADOPTED|| |ADDITIONALTO OR|None| |DIFFERENT FROM THOSE|| |ABOVE|| 7 Charity No: 1168894 ## SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2025 ## Note 3 Analysis of incoming resources Incoming resources may be further analysed if this would help the reader of the accounts. ||.
Analysis||This year
£|Last year
£| |---|---|---|---|---| |Voluntaryincome|Membership subscriptions||875.00|673.00| ||grants||6,530.00|
SS«*SC«i6,996.00 ||2,618.00
685,180.00| |||Total|654,401.00|638,471.00| |Activities forgenerating
funds|sales
events
Canoe Hire Refreshment|SSCSCS™~*~*dSC*éSSGOT
8,498.00
™~—“—tsSOC“‘(CSNSCSUSC‘CNS!‘Cd
ee||| |||Total|3,921.00|8,498.00| |Investmentincome|||2,305.00|686.00| |||Total|2,305.00|686.00| |Income resourcesfrom
charitable activities|Canoe hire project
7,816.00
17,541.00
a|||| |||Total|7,816.00|17,541.00| |OtherIncome|other|™~—“s™SCSCSY|80,625.00 |_80,000.00
372.00[=||| |||Total|80,997.00|80,000.00| 8 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 Note 4 Analysis of resources expended |Resources expendedmay be furtheranalysed ifthiswould helpthe readerofthe accounts|Resources expendedmay be furtheranalysed ifthiswould helpthe readerofthe accounts| |---|---| ||Thisyear
Lastyear
Analysis
£
£| |Costsofgenerating
voluntaryincome|Membership subscriptions
|
hurd
446.00
506.00
Cost ofBookSales
1,891.00
3,125.00
sumup Te
SS™S™~™~—S Ci
|
69.00| ||Total
2,421.00
3,700.00| |Fundraisingtrading costs|eventCosts
COSCO]| ||Total fe| |Investment
managementcosts|a
a| ||Tel
[eae| |Charitable activities|Clydach Yard& OtherCanal Restoration
924,853.00
76,171.00| ||$39.00 |
__1,329.00
Waterway
recoverygroup
fe
73.00
Work, party equipment and expenses
362.00
645.00
Canal Book Publication
|=
_~*[(19,296.00
other
™~—“—SCSCCSSY
131.00]
5,610.00
Clydach Canal Centre
78,207.00 | 235,658.00| ||Total
1,004,092.00 | 338,782.00| |Governancecosts|450.00 |
1,350.00
[Depreciation
SSC*dSSCS™SCSCSSC*dST 9.00
JOthercosts TT
SSS*dYSCS*«iSSHG]
3,512.00| ||Total
6,114.00
5,291.00| |OtherResourcesExpended|[OtherCosts
SSSCS~*«dSCS*~‘“CTSBWOO|,382.00
Total
5,759.00
1,382.00| 9 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 Charity No: 1168894 ## Note 5 Support costs Please complete this note if the charity has analysed its expenses using activity categories and has support costs. **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |Support|Fundraising|Charitable|Governance| |cost type|activity|activity|activity|Total|cost| |£|£|£|£| |__ tol|Eee||e| **----- End of picture text -----**
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. **----- Start of picture text -----**
||||| |---|---|---|---| |Number| |of trustees who|were|paid|expenses| **----- End of picture text -----**
## Nature of expenses **----- Start of picture text -----**
|||||| |---|---|---|---|---| |This year|Last year| |Reimbursement|of costs|of|purchases|and| |travellingMi|on|behalfhalf of|of|the societyi| **----- End of picture text -----**
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 Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor. **----- Start of picture text -----**
||| |---|---| |This year £|Last year £| |a| |a| **----- End of picture text -----**
10 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 ## Note 7 Paid employees Please complete this note if the charity has any employees. 7.1 Staff costs **----- Start of picture text -----**
This year Last year
Gross £ £
wages. Salaries and benefits in kind rs ee
Employers National Insurance costs a ee
Pension costs eeee
Total staff costs Lia None “ei Noners |
7.2 Average number of full-time equivalent employees This year Last year
in the year Number Number
The parts of the charity in which the rs ee
employees work rs
Total [| None [None=
**----- End of picture text -----**
7.3 Defined contribution pension scheme Please complete if a defined contribution pension scheme is operated. Brief details of scheme. **----- Start of picture text -----**
Not Operated
**----- End of picture text -----**
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 **----- Start of picture text -----**
This year Last year
£ £
a ee
re ee
a ee
[ch SeiNone! 2 SF INene= |
**----- End of picture text -----**
11 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 Note 8 Grantmaking Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken. |8.1|Total value ofgrants||| |---|---|---|---| |||Institutions|Individuals| ||Purpose forwhich grantsmade|Totalamount|Totalamount| |||£|£| ||Total|ee
ee
eS|| 8.1 Grantmaking costs If the charity's accounts are prepared on the “activity” basis please give details of any support cost costs.associated with grantmaking. Please enter "NIL" if the charity does not identify and/or allocate support Support costs of grantmaking **----- Start of picture text -----**
EN/A
**----- End of picture text -----**
## 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 Total amount of of institutions Purpose grants paid £ Total grants to institutions 12 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets |9.1
Cost or|Valuation|||||| |---|---|---|---|---|---|---| ||Freehold
land&|Otherland
& buildings|Plant
Machinery&|Fixtures
& fittings|Paymentson
|account&|Total| ||Buildings||MotorVehicles||assets under|| ||||||construction|| ||£|£|£|£||£| |Balance brought||||||| |forward
Additions
Revaluations
Disposals
Transfers
Balance
carried
forward|45,005.00
160,625
24,646.00
230,276.00
pe
ay
ase
a
a
ee
eee
45,005.00
160,625.00
24,646.00
230,276.00|||||| |9.2
Accumulated depreciationand||and impairment|provisions|||| ||[**basis ||kaRBTSRSCYSCCd
20.00%||||| |Balance brought
forward
Depreciation charge|||18,586.00|||ee
18,586.00| |foryear
Impairment|||6,060.00|||6,060.00| |provisions||||||| |Revaluations
Disposals
Transfers*|a
a
a|||||| |Balance carried||||||| |forward|||24,646.00|||24,646.00| |9.3
Net book|value|||||| |Broughtforward
Carried
forward|149,651.00|sd
230,276.00]|||s«24,646.00ee
eee ee
2aeaecof
|SC*dECSSCSS*dY~C205,630.00|||| 9.4 Revaluation If any fixed assets have been revalued please give details of the value and method of valuation. 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 Sth April 2025 Note 10 Investments assets Please complete this note if the charity has any investment assets. **----- Start of picture text -----**
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
**----- End of picture text -----**
**----- Start of picture text -----**
£
fs
|
[sd
|
NONE ~
**----- End of picture text -----**
## 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. **----- Start of picture text -----**
Analysis of investments 10.2 10.2
Market Income from
Value at investments for
year end the year
investment £ £
properties a
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 Ff
Securities not listed on a recognised stock exchange Ft
Cash held as part of the investment portfolio fT
Total NONE NONE
**----- End of picture text -----**
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 Sth April 2025 Note 11 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments. **----- Start of picture text -----**
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 £ £ £ £
associatedAmountsdebtorsdue undertakingsfrom subsidiary and | 9618400[ azase7oo[ [|Ft]dTSCOCSC*~idSC“‘“‘C;*
Other Debtors a
Payments and accrued income a
Totall 396,184.00 |"42936700[ 75 ole San | ne Ee
**----- End of picture text -----**
Note 12 = Creditors and accruals Please complete this note if the charity has any creditors or accruals 12.1 Analysis of creditors **----- Start of picture text -----**
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
trade creditors a
Amounts due to subsidiary and
Other Creditors ee 2) |
Accruals and deferred income SS
Total Se | ee
**----- End of picture text -----**
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 Sth April 2025 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. e permanent endownment funds (PE); ° expendable endownment funds )EE); e restricted income funds, including special trusts, of the charity ®. Fund Name Type PE, EE Purpose and 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, **----- Start of picture text -----**
Fund Fund
balances balances
brought Incoming Outgoing Gains and carried
forward Resources resources Transfers losses forward
Clydach £ £ £ £ £ £
Clydach LockRestoratioy £ 476,171/£ 500,270|-¢ 919,269[ ~+| ide 57,172
Canal Canal Centre |-£ 57,882] £ 33,463 |-€ 78,207{ sd SSE «102,026
Book a FS Cses
UnrestrictedRestrictedFunds___[é 141s99|¢ = [esalS=*dYC~C*tsti‘“‘i SS
Slipway Funds [| £ 18,129/£ 102,444 |-£ 20,856 a ee 99,717
Hebron SE 33,452 a ee YY
Rd Boat Basin £ 113,264/¢ «de a3, 264
Total |£ 611469 /£ | 749,4aile toig3zee[e - | sie 349.504
13.3 Transfers between funds
Please give details of any transfers between funds.
**----- End of picture text -----**
16 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended 5th April 2025 Note 14 Transactions with related parties \f 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 oftrustee|Legal authority|Amounts paid or benefit value| |---|---|---|---| ||Name oftrustee or|(eg order,|This year
Lastyear| ||Connected party
governing document)
£
£
PO
none
nonei||| |14.2|Loans||| |Please
charity|give details ofand amountsowing
attheyearend.|owing to orfrom the charity'strustees|trustees orother related parties bythe| ||Nameof
trustee
orconnected party|Nameof
trustee
orconnected party|Thisyear|Thisyear|Lastyear| |---|---|---|---|---|---| |||Legal authority||£|£| |trustees and related|||||| |trustees and related|||||| |Other transaction(s) with|trustees or related parties||||| |details ofany transaction|undertaken by|(or on behalf of) the charity in which a trustee or|||| |party has a material interest.|||||| |Nameofthe|Relationship|Description ofthe|This|year|Last Year| |trustee or|to charity|transaction(s)||£|£| |relatedparty|||||| Due to trustees and related Parties Due from trustees and related Parties 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. 17 Charity No: 1168894 SWANSEA CANAL SOCIETY Notes to the Financial Statements For the year ended Sth April 2025 ## 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. **----- Start of picture text -----**
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.
**----- End of picture text -----**
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