THE HARGREAVES NARROWBOAT TRUST
ANNUAL REPORT 2023 - 2024
Trust Organisaton and Development
The trust remained stable throughout the period welcoming new groups to experience a trip on the local canals. Website bookings worked well with the forthcoming 2024 season 95% booked before the end of 2023.
Volunteers
The Trust maintained a constant level of volunteers throughout the season with new recruits gaining valuable experience handling the boat, working with other volunteers and meeting various types of user groups. All trips were crewed satisfactorily.
Hargreaves II
Several problems have been experienced during the year. Bow Thruster gearbox replacement and major failure of Lead Carbon Batteries. Complete replacement was necessary and unfortunately the originals were out of the warranty period. The hull was blacked satisfactorily. Other minor problems were rectified.
Financial
Donations for trips increased slightly however excess expenditure over income resulted in a small loss for the period. Bank balances still remain healthy.
Prepared by M J Parsons
Secretary
THE HARGREAVES NARROWBOAT TRUST
Registered Charity No 1193869
Registered Office 11 Courtney Close, Nuneaton. Warwickshire. CV11 6JB
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024
INCOMING RESOURCES
Donations 14093.96 Grants Received Income Earned from Other Activities Sale of Souvenirs 210.49 Lottery Tickets 43.50 Other Income 1015.70 Interest 108.61 TOTAL INCOME 15472.26 RESOURCES EXPENDED Capital Expenditure 3857.58 New Boat Other Expenditure Mooring Fees 1200.00 Subscriptions Paid 96.96 Licences 651.28 Insurance 1706.26 Power 899.08 Administration 757.30 Website Costs 551.26 Repairs 5813.52 Misc. 1251.73 TOTAL EXPENDITURE 16784.97 Net Loss (Excess Expenditure over Income) (1312.71) RECONCILIATION OF FUNDS Movement on funds for the year Balances B/F at 1[st] February 2023 67135.40 Excess of Expenditure over Income (1312.71) TOTAL FUND CARRIED FORWARD 65822.69
THE HARGREAVES NARROWBOAT TRUST
Registered Charity No 1193869
Registered Office 11 Courtney Close, Nuneaton. Warwickshire. CV11 6JB
BALANCE SHEET AS AT 31[st] JANUARY 2024
Tangible Fixed Assets Hargreaves II Narrowboat Balance B/F 147,600.36 Additions 2023 3857.58 Less depreciation 2023/2024 7572.90 Total Fixed Assets 143885.34 Current Assets Bank Balances Business Instant A/C 11,651.58 Treasurers A/C 54,171.11 65822.69 TOTAL NET ASSETS 209708.03