Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
CHARITY REGISTRATION NUMBER: 1170027
Runcorn Locks Restoration Society Unaudited Financial Statements 31 December 2025
AGP Chartered accountants Sycamore House Sutton Quays Business Park Sutton Weaver Runcorn Cheshire WA7 3EH
Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Financial Statements
Year ended 31 December 2025
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 17 |
Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Trustees' Annual Report
Year ended 31 December 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2025.
Reference and administrative details
Registered charity name Runcorn Locks Restoration Society Charity registration number 1170027 Principal office 119 Oxford Road Runcorn Cheshire WA7 4PA The trustees Mr G Wallace Mr D Steele Mr J D Woodward North (Resigned 1 September 2025) Mrs S Stapleton Mrs A Lewis Mr N Hutchinson Mr O Ferguson Independent examiner Simon McLean FCA AGP Chartered Accountants Sycamore House Sutton Quays Business Park Sutton Weaver Runcorn Cheshire WA7 3EH
Structure, governance and management
Runcorn Locks Restoration Society is registered as a Charitable Incorporated Organisation (CIO) under its constitution.
The trustees are appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. All RLRS trustees on becoming a trustee are provided with a copy of the guidance issued by the charity commission on public benefit and are required to sign an acceptance of regard.
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Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Trustees' Annual Report (continued)
Year ended 31 December 2025
Objectives and activities
The purpose of the charity is to further the preservation conservation, restoration and maintenance of the link between Bridgewater and Manchester Ship canals and to promote and stimulate public interest in, and encourage the fullest appropriate use by the public of, the whole canal and its environs.
The main activity for 2025 has been the work related to the Town Improvement Plan (TIP) Grant. The charity has processed the planning application for the café and has acquired two canal boats with trips commencing in September 2025.
Work at the charity's H.Q. continued through 2025 and the community garden was maintained during this period.
Achievements and performance
The commencement of boat trips on the Bridgewater Canal in 2025 has made the canal and its environs accessible to the public in a way not previously achievable. This will grow over the coming year with the addition of a second boat and an increase in the number and range of trips the charity is able to offer. This will benefit the town and the wider community by creating jobs and promoting tourism, thus helping to regenerate Runcorn town.
A number of new volunteers have joined the charity and, along with existing volunteers, have undertaken training to enable them to work as Skippers and Crew on boat trips. All these volunteers have been trained to National Community Boat Association (NCBA) standards.
RLRS volunteers continue to support the charity with general maintenance of the area. Volunteers also supported aspects of the grant funded work.
Financial review
In the year ended 31 December 2025 the charity's incoming resources exceeded its outgoing resources by £227,000, leaving reserves in surplus by £232,183. Of the year end reserves, £42,667 relates to restricted funds and £189,516 relates to unrestricted funds.
The TIP Grant income was the largest funding source the charity had in 2025.
However, an additional source of income in 2025 has been income from boat trips. The increased interaction with the public has also led to an increase in general donations.
Additionally, the charity received associate members subscriptions and the "Friends" scheme introduced in 2024 has continued to grow. Associate Members can elect to become Bronze, Silver or Gold Friends in exchange for a monthly donation of £3, £6 or £9.
The charity's financial position was much stronger at the end of 2025, almost exclusively due to money raised through the operation of boat trips.
Reserves policy
Our policy going forward is to increase the charity's reserves each year to a point that we hold at least three years operation costs in reserve.
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Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Trustees' Annual Report (continued)
Year ended 31 December 2025
Plans for future periods
RLRS are certain about our future. We have clear aims and objectives to ensure our future as a charity. The trustees' annual report was approved on 27[th] July 2026 and signed on behalf of the board of trustees by:
Mr G Wallace Trustee
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Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Independent Examiner's Report to the Trustees of Runcorn Locks Restoration Society
Year ended 31 December 2025
I report to the trustees on my examination of the financial statements of Runcorn Locks Restoration Society ('the charity') for the year ended 31 December 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon McLean FCA Independent Examiner
Sycamore House Sutton Quays Business Park Sutton Weaver Runcorn Cheshire WA7 3EH
27[th] July 2026
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Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Statement of Financial Activities
Year ended 31 December 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 1,579 | 307,327 | 308,906 | 24,315 |
| Other trading activities | 5 | 9,084 | – | 9,084 | – |
| Investment income | 6 | 155 | – | 155 | 78 |
| ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | ||
| Total income | 10,818 | 307,327 | 318,145 | 24,393 | |
| ============================ | ================================ | ================================ | ============================ | ||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 10,121 | 81,024 | 91,145 | 20,896 |
| ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | ||
| Total expenditure | 10,121 | 81,024 | 91,145 | 20,896 | |
| ============================ | ================================ | ================================ | ============================ | ||
| ---------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | ||
| Net income | 697 | 226,303 | 227,000 | 3,497 | |
| ============================ | ================================ | ================================ | ============================ | ||
| Transfers between funds | 183,636 | (183,636) | – | – | |
| -------------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | ||
| Net movement in funds | 184,333 | 42,667 | 227,000 | 3,497 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 5,183 | – | 5,183 | 1,686 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ---------------------------- | ||
| Total funds carried forward | 189,516 | 42,667 | 232,183 | 5,183 | |
| ================================ | ================================ | ================================ | ============================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 15 form part of these financial statements.
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Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Statement of Financial Position
31 December 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible fixed assets | 14 | 174,077 | – | ||
| Current assets | |||||
| Debtors | 15 | 15,104 | – | ||
| Cash at bank and in hand | 49,180 | 8,017 | |||
| ---------------------------- | ----------------------- | ||||
| 64,284 | 8,017 | ||||
| Creditors: amounts falling due | |||||
| within one year | 16 | 6,178 | 2,834 | ||
| ---------------------------- | ----------------------- | ||||
| Net current assets | 58,106 | 5,183 | |||
| -------------------------------- | ----------------------- | ||||
| Total assets less current liabilities | 232,183 | 5,183 | |||
| -------------------------------- | ----------------------- | ||||
| Net assets | 232,183 | 5,183 | |||
| ================================ | ======================= | ||||
| Funds of the charity | |||||
| Restricted funds | 42,667 | – | |||
| Unrestricted funds | 189,516 | 5,183 | |||
| -------------------------------- | ----------------------- | ||||
| Total charity funds | 19 | 232,183 | 5,183 | ||
| ================================ | ======================= |
These financial statements were approved by the board of trustees and authorised for issue on 27[th] July 2026, and are signed on behalf of the board by:
Mr G Wallace Trustee
The notes on pages 7 to 15 form part of these financial statements.
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Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Notes to the Financial Statements
Year ended 31 December 2025
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 119 Oxford Road, Runcorn, Cheshire, WA7 4PA.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Notes to the Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Notes to the Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25% reducing balance Fixtures and fittings - 25% reducing balance Equipment - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received.
Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
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Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Notes to the Financial Statements (continued)
Year ended 31 December 2025
3. Accounting policies (continued)
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of banks loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 1,147 | – | 1,147 |
| Grants | |||
| Government grant income | – | 307,327 | 307,327 |
| Subscriptions | |||
| Membership fees | 432 | – | 432 |
| ----------------------- | -------------------------------- | -------------------------------- | |
| 1,579 | 307,327 | 308,906 | |
| ======================= | ================================ | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 5,544 | – | 5,544 |
| Grants | |||
| Government grant income | – | 18,153 | 18,153 |
| Subscriptions | |||
| Membership fees | 618 | – | 618 |
| ----------------------- | ---------------------------- | ---------------------------- | |
| 6,162 | 18,153 | 24,315 | |
| ======================= | ============================ | ============================ |
10
Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Notes to the Financial Statements (continued)
Year ended 31 December 2025
5. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Boat trips and catering | 9,084 | 9,084 | – | – |
| ======================= | ======================= | ============== | ============== | |
| Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 155 | 155 | 78 | 78 |
| ============== | ============== | ============== | ============== | |
| Expenditure on charitable activities by fund type | ||||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Direct charitable activities | 8,321 | 81,024 | 89,345 | |
| Support costs | 1,800 | – | 1,800 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ||
| 10,121 | 81,024 | 91,145 | ||
| ============================ | ============================ | ============================ | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Direct charitable activities | 1,843 | 18,153 | 19,996 | |
| Support costs | 900 | – | 900 | |
| ----------------------- | ---------------------------- | ---------------------------- | ||
| 2,743 | 18,153 | 20,896 | ||
| ======================= | ============================ | ============================ | ||
| Expenditure on charitable activities by activity type | ||||
| Activities | ||||
| undertaken | Support | Total funds | Total fund | |
| directly | costs | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Direct charitable activities | 89,345 | – | 89,345 | 19,996 |
| Governance costs | – | 1,800 | 1,800 | 900 |
| ---------------------------- | ----------------------- | ---------------------------- | ---------------------------- | |
| 89,345 | 1,800 | 91,145 | 20,896 | |
| ============================ | ======================= | ============================ | ============================ |
6. Investment income
7. Expenditure on charitable activities by fund type
8. Expenditure on charitable activities by activity type
9. Analysis of support costs
| Analysis of | |||
|---|---|---|---|
| support costs | Total 2025 | Total 2024 | |
| £ | £ | £ | |
| Governance costs | 1,800 | 1,800 | 900 |
| ======================= | ======================= | ============== |
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Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Notes to the Financial Statements (continued)
Year ended 31 December 2025
10. Net income
Net income is stated after charging/(crediting):
| Net income is stated after charging/(crediting): | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Depreciation of tangible fixed assets | 9,559 | – |
| ======================= | ============== | |
| Independent examination fees | ||
| 2025 | 2024 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,800 | 900 |
| ======================= | ============== |
11. Independent examination fees
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 32,509 | 7,627 |
| Social security costs | 595 | 634 |
| Employer contributions to pension plans | 3,433 | 42 |
| ---------------------------- | ----------------------- | |
| 36,537 | 8,303 | |
| ============================ | ======================= |
The average head count of employees during the year was 1 (2024: 1).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
No trustee expenses have been incurred during the year.
12
Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Notes to the Financial Statements (continued)
Year ended 31 December 2025
14. Tangible fixed assets
| Plant and | Fixtures and | |||
|---|---|---|---|---|
| machinery | fittings | Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| At 1 Jan 2025 | – | – | – | – |
| Additions | 166,682 | 5,015 | 11,939 | 183,636 |
| -------------------------------- | ----------------------- | ---------------------------- | -------------------------------- | |
| At 31 Dec 2025 | 166,682 | 5,015 | 11,939 | 183,636 |
| ================================ | ======================= | ============================ | ================================ | |
| Depreciation | ||||
| At 1 Jan 2025 | – | – | – | – |
| Charge for the year | 8,334 | 228 | 997 | 9,559 |
| -------------------------------- | ----------------------- | ---------------------------- | -------------------------------- | |
| At 31 Dec 2025 | 8,334 | 228 | 997 | 9,559 |
| ================================ | ======================= | ============================ | ================================ | |
| Carrying amount | ||||
| At 31 Dec 2025 | 158,348 | 4,787 | 10,942 | 174,077 |
| ================================ | ======================= | ============================ | ================================ | |
| At 31 Dec 2024 | – | – | – | – |
| ================================ | ======================= | ============================ | ================================ | |
| Debtors | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Prepayments and accrued income | 7,304 | – | ||
| Other debtors | 7,800 | – | ||
| ---------------------------- | -------------- | |||
| 15,104 | – | |||
| ============================ | ============== | |||
| Creditors: amounts falling due within | one year | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Trade creditors | 2,486 | – | ||
| Accruals and deferred income | 2,631 | 997 | ||
| Social security and other taxes | 1,026 | 1,837 | ||
| Credit card | 35 | – | ||
| ----------------------- | ----------------------- | |||
| 6,178 | 2,834 | |||
| ======================= | ======================= |
15. Debtors
16. Creditors: amounts falling due within one year
17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £3,433 (2024: £42).
At the balance sheet date there is an amount of £77 (2024: £97) outstanding to be paid. This is included within accruals.
13
Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Notes to the Financial Statements (continued)
Year ended 31 December 2025
18. Government grants
The amounts recognised in the financial statements for government grants are as follows:
2025 2024 £ £ Recognised in income from donations and legacies: Government grants income 307,327 18,153 ================================ ============================
19. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 | Jan 2025 | Income | Expenditure | Transfers | 31 Dec 2025 | |
| £ | £ | £ | £ | £ | ||
| General funds | 5,183 | 10,818 | (10,121) | 183,636 | 189,516 | |
| ======================= | ============================ | ============================ | ================================ | ================================ | ||
| At | At | |||||
| 1 | Jan 2024 | Income | Expenditure | Transfers | 31 Dec 2024 | |
| £ | £ | £ | £ | £ | ||
| General funds | 1,686 | 6,240 | (2,743) | – | 5,183 | |
| ======================= | ======================= | ======================= | ============== | ======================= |
The transfers have arisen due to fixed assets being purchased from restricted income or deposits for fixed assets being paid from restricted income and so the funds have been transferred to unrestricted as the fixed assets are held for general use and not a restricted purpose.
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 1 Jan 2025 | Income | Expenditure | Transfers | 31 Dec 2025 | |
| £ | £ | £ | £ | £ | |
| Halton Borough Council | – | 305,327 | (79,829) | (183,636) | 41,862 |
| Other Restricted Funds | – | 2,000 | (1,195) | – | 805 |
| ---------------- | ------------------------------- | ------------------------------- | --------------------------------- | ------------------------------- | |
| – | 307,327 | (81,024) | (183,636) | 42,667 |
|
| ============== | ================================ | ============================ | ================================ | ============================ | |
| At | At | ||||
| 1 Jan 2024 | Income | Expenditure | Transfers | 31 Dec 2024 | |
| £ | £ | £ | £ | £ | |
| Restricted Funds | – | 18,153 | (18,153) | – | – |
| ============== | ============================ | ============================ | ============== | ============== |
Restricted funds relate to project management support for Runcorn Old Town investment plan.
14
Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Notes to the Financial Statements (continued)
Year ended 31 December 2025
20. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Tangible fixed assets | 174,077 | – | 174,077 |
| Current assets | 21,617 | 42,667 | 64,284 |
| Creditors less than 1 year | (6,178) | – | (6,178) |
| -------------------------------- | ---------------------------- | -------------------------------- | |
| Net assets | 189,516 | 42,667 | 232,183 |
| ================================ | ============================ | ================================ | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | – | – | – |
| Current assets | 8,017 | – | 8,017 |
| Creditors less than 1 year | (2,834) | – | (2,834) |
| ----------------------- | -------------- | ----------------------- | |
| Net assets | 5,183 | – | 5,183 |
| ======================= | ============== | ======================= |
21. Related parties
Any connections between a trustee of the charity must be disclosed to the full board of trustees. No transactions with related parties were undertaken such as are required to be disclosed.
15
Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Management Information
Year ended 31 December 2025
The following pages do not form part of the financial statements.
16
Docusign Envelope ID: 5C4C303B-7390-8D3A-8006-6140EF456294
Runcorn Locks Restoration Society
Detailed Statement of Financial Activities
Year ended 31 December 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 1,147 | 5,544 |
| Government grant income | 307,327 | 18,153 |
| Membership fees | 432 | 618 |
| -------------------------------- | ---------------------------- | |
| 308,906 | 24,315 | |
| -------------------------------- | ---------------------------- | |
| Other trading activities | ||
| Boat trips and catering | 9,084 | – |
| ----------------------- | -------------- | |
| Investment income | ||
| Bank interest receivable | 155 | 78 |
| -------------- | -------------- | |
| -------------------------------- | ---------------------------- | |
| Total income | 318,145 | 24,393 |
| ================================ | ============================ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Direct charitable activities | ||
| Activities undertaken directly | ||
| Fuel and trip costs | 5,889 | – |
| Wages and salaries | 32,509 | 7,627 |
| Employer's NIC | 595 | 634 |
| Pension costs | 3,433 | 42 |
| Staff training | 1,419 | – |
| Equipment, repairs & maintenance | 2,464 | 1,754 |
| Insurance | 1,835 | 517 |
| Other motor/travel costs | 740 | 25 |
| Project development | 13,011 | 7,875 |
| Uniforms and clothing | 3,210 | – |
| Computer & office costs | 10,787 | 905 |
| Depreciation | 9,559 | – |
| Marketing & Webhosting costs | 153 | 361 |
| Bank charges | 60 | 62 |
| Legal and professional fees | 22 | – |
| Membership fees and licences | 2,859 | 73 |
| Payroll fees | 800 | 121 |
| ---------------------------- | ---------------------------- | |
| 89,345 | 19,996 | |
| ---------------------------- | ---------------------------- | |
| Governance costs | ||
| Governance costs - accountancy fees | 1,800 | 900 |
| ----------------------- | -------------- | |
| ---------------------------- | ---------------------------- | |
| Expenditure on charitable activities | 91,145 | 20,896 |
| ============================ | ============================ | |
| ---------------------------- | ---------------------------- | |
| Total expenditure | 91,145 | 20,896 |
| ============================ | ============================ | |
| -------------------------------- | ---------------------------- | |
| Net income | 227,000 | 3,497 |
| ================================ | ============================ |
17