The Mary Sunley Canal Boat Trust Report of the Trustees for the year 2021
When I sat down to pen this report, I found myself scratching my head for significant events or developments to report on. It may be that I lack imagination, or that my memory is failing me (both reasonable possibilities I admit). My conclusion though is that Covid has taken over all our lives for the last 2 years, and everything else seems to have paled into insignificance. We are very conscious that due to social distancing, and little interface with our customers we have not been able to have number 3s on the boat. We will of course try to get back to normal operation during the coming season, whilst .adhering to government guidelines, and the wishes of our customers
After not starting the season until near the end of May, and then testing our Covid protocols by doing a number of trips for our volunteers, we still managed to have 82 paid trips, and as you have heard from Geoff, due to limited expenditure with no first aid or Skipper training, we were able to report an operating surplus that goes a long way to help our bank balance after such a .disastrous 2020 season
As the Mary Sunley 2 gets older, it is inevitable that our cost for maintenance will increase, and to that end, during this closed season we have had the electrical system checked, and a new control panel has been purchased, and .will be fitted before the start of the coming season
In summary, I am pleased to report that in spite of everything, we had a very satisfactory year in 2021, and the feedback from our customers reiterated the importance of the service we offer, I thank everyone who worked so hard to to .make it so successful
I extend sincere thanks to my fellow Trustees and committee members for their commitment and enthusiastic support. All make a real contribution to the success of the trust. And finally, a big thank you to all our splendid volunteers for your commitment, enthusiasm, and humour
Andy Altree February 2022
MARY SUNLEY CANAL BOAT TRUST
Treasure’s Report for 2021
I am pleased to report that the Mary Sunley Canal Boat Trust had another financially positive performance in 2021. The performance was far better than the Trustees had anticipated early in the year given the lack of certainty in being able to operate the boat as a result of the Governments Covid 19 restrictions.
In summary:
Operating surplus = £5,040.80 Cash in Bank = £46,198.95 I present the accounts with notes for your approval.
Operating Surplus=£5,040.80
An income of £9,622 which is made up of £7,938 in bank account receipts, £2,080 from hire charges brought forward from last year and less £396 that has been carried forward to next year. Bank receipts were payments received for 55 trips paid by Customers and 12 trips paid by Volunteers. 17 trips were taken as credit from the previous year. In total 82 trips were made in 2021.
We received £1,267 in various donations together with £469 from the collecting tins and the box on the boat.
The expenditure of £6,376.23 was well below previous years and down on the budget we set. We did not spend any money on training due the Covid restrictions that restricted meetings. Furthermore, we spent very little on maintenance and repairs in 2021. These items have been included in 2022 budget.
Other fixed cost expenditure was similar to previous years and variable costs less than the budget which is mainly due the less trips and the Government restrictions in force.
Net Cash=£46,198.95
Our cash balance has increased by over £5k compared with reduction of £12k in the previous year. At the commencement of the year, we had to transfer £2k from our reserve account to enable us to make payments prior to trip income being received. Our Reserve Policy states that we should hold a reserve of £10k to cover the cost of major planned or unforeseen repair costs and projects to improve our operation. In addition, we plan to build a New Boat Fund of £100k by 2033. We remain on track to do this and therefore comply with our Reserve Policy
Geoff Spiller, Treasurer.
Draft February 5[th] 2022