Wessex Waterways Restoration Trust Charity number 1174586 Trustees Report 

Wessex Waterways Restoration Trust 

Report and Accounts 

Year ended 31 March 2022 

1 



Wessex Waterways Restoration Trust Charity number 1174586 Trustees Report 

The Trustees present their report and accounts for the year ended 31 March 2022. 

## **Principal Activities** 

The charity’s principal activities during the year continued to be, working with volunteers, to further necessary maintenance work and to advance construction and restoration for a navigable waterway between the Kennet and Avon Canal and the River Thames and the Cotswold Canals. 

## **Trustees** 

The following persons served as trustees during the year: 

Rachael Banyard (re-elected for a further term of three years on 22 January 2022) Matthew Carpenter  (re-elected for a further term of three years on 22 January 2022) Michael Handford 

Luke Walker (ratified by members at AGM on 22 January following co-option in May 2021) 

## **Chairmans Narrative** 

The charity was formed in 2017 to increase voluntary involvement in the construction, restoration and maintenance of a navigable waterway linking the Kennet and Avon Canal near Melksham with the Thames and Severn at or near Cricklade and the River Thames at or near Abingdon, and to improve the waterway for the use and benefit of the public, and not by way of limitation, that waterway shall include part of the original Wilts & Berks and North Wilts Canals and their branches which form part of the navigable links. 

The primary aim is to complement the work of the Wilts & Berks Canal Trust whose activities focus on other sections of the waterways. 

The Trust is working with two of our supportive landowners in starting the process of designing and rebuilding of an accommodation bridge and the design of a completely new lock at lock 1 of Seven Locks, Tockenham. 

Trust volunteers were able to take a publicity stand to the IWA's Festival of Water being held in Worcester on the Worcester and Birmingham Canal. 

It is hoped that with the further relaxation of the Covid restrictions the Trust will be able to attract more people to join our work parties. 

The Trust continues to enjoy good relationships with our landowners who help with moving materials to site and the loan of machinery. 

2 



Wessex Waterways Restoration Trust Profit and Loss account for the year ended 31 March 2022 

Current Financial Year 

|Unrestricted funds<br>Restricted funds<br>2022<br>2022<br>£<br>£<br>Income from charitable activities<br>2802<br>Expenditure on charitable activities<br>(2761)<br>Net income (expenditure) for the year<br>41<br>Prior Financial Year<br>Unrestricted funds<br>Restricted funds<br>2021<br>2021<br>£<br>£<br>Income from charitable activities<br>1183<br>Expenditure on charitable activities<br>(1003)<br>(1835)<br>Net income (expenditure) for the year<br>180<br>(1835)|Total<br>2022<br>£<br>2802<br>(2761)<br>41<br>Total<br>2021<br>£<br>1183<br>(2838)<br>(1655)|
|---|---|



3 



Wessex Waterways Restoration Trust Balance Sheet as at 31 March 2022 

|Notes<br>**Fixed assets**<br>Tangible assets<br>3<br>**Current assets**<br>Debtors<br>4<br>Cash at bank and in hand<br>Creditors,<br>amounts falling due within one year<br>5<br>Net current assets<br>Net assets<br>Capital and reserves<br>Restricted funds<br>6<br>Unrestricted funds<br>Income funds<br>L Walker<br>Trustee|399<br>8666<br>9065<br>(1075)|2022<br>£<br>3356<br>7990<br>11346<br>8552<br>2794<br>11346|377<br>7927<br>8304<br>(1952)|2021<br>£<br>4712<br>6451<br>11064<br>8552<br>2512<br>11064|
|---|---|---|---|---|



Approved by the Trustees 17 May 2023 

4 



Wessex Waterways Restoration Trust Notes to the accounts for the year ended 31 March 2022 

## 1 Accounting policies 

Tangible fixed assets 

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.  Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life as follows 

|Plant and machinery<br>Fixtures, fittings, tools and equipment<br>2 Employees<br>Average number of persons employed by the company<br>3 Tangible fixed assets<br>At 31stMarch 2021<br>Additions<br>At 31stMarch 2022<br>Depreciation<br>At 31stMarch 2021<br>charge for the year<br>At 31stMarch 2022<br>4 Debtors<br>Other debtors<br>5<br>Creditors: amounts falling due within one year<br>Other creditors|over 5 years<br>over 5 years<br>2022<br>number<br>0<br>2022<br>£<br>399<br>2022<br>£<br>1075|2021<br>number<br>0<br>6780<br>0<br>6780<br>2068<br>1356<br>3424<br>2021<br>£<br>377<br>2021<br>£<br>1952|
|---|---|---|



5 



|Wessex Waterways Restoration Trust<br>Notes to the accounts<br>for the year ended 31 March 2022<br>6 Restricted funds<br>Awards for All<br>7706<br>Other restricted funds<br>846<br>8552<br>Balance 31 April<br>2021|Resources<br>Expended<br>0<br>7706<br>0<br>846<br>0<br>8552<br>Balance 31 March<br>2022|
|---|---|



6 



|Wessex Waterways Restoration Trust<br>Detailed profit and loss account<br>for the year ended 31 March 2022<br>Income<br>Charitable income<br>Foxham Bridge (Oriel Bridge)<br>Other direct costs<br>Administrative expenses<br>Motor expenses<br>General administrative expenses<br>Marketing<br>Staff training and welfare<br>Membership expenses<br>Insurance<br>Equipment expensed<br>Software<br>Depreciation<br>Repairs and renewals<br>Sundry expenses|2022<br>£<br>2802<br>50<br>54<br>532<br>1356<br>1992<br>1992|2021<br>£<br>1182<br>205<br>23<br>23<br>156<br>104<br>54<br>499<br>336<br>57<br>1294<br>2607<br>2632|
|---|---|---|



7