Charity No. 1198949
# **Cotswold Boatmobility CIO Report & Financial Statements 31 December 2024**
## **Cotswold Boatmobility CIO**
## **Contents of the Financial Statements**
|**For the year ended 31 December 2024**||
|---|---|
|**Contents**|**Pages**|
|Reference and administrative details|3|
|Report of the Trustees|4 - 7|
|Independent Examiner's report to the Trustees|8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Statement of Cashflows|11|
|Notes to the Financial Statements|12 - 15|
2
## **Cotswold Boatmobility CIO**
## **Reference & administrative details**
## **For the year ended 31 December 2024**
**Status** The organisation is a charitable incorporated organisation ("CIO"). It was formed on 13 May 2022 and registered by the Charity Commission as a charity on that date.
**Charity number**
**Charity number** 1198949 **Registered address** Bell House Wallbridge Stroud Gloucestershire GL5 3JS **Bankers** Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT Lloyds Bank plc Rowcroft Stroud **Website** www.cotswoldboatmobility.org.uk
3
## **Cotswold Boatmobility CIO**
## **Report of the Trustees**
## **For the year ended 31 December 2024**
The Trustees present their report and the financial statements for the year ended 31 December 2024.
The charity was formed in May 2022 and acquired, by way of donation, the assets and operation of of a former unincorporated charity with the same name and objectives.
## **Structure, governance and management**
## **Organisational structure**
The affairs of the charity are directed by the board of trustees. The trustees meet formally at least six times a year. The charity has no employees and the day to day management of the charity is carried out by the trustees assisted by a number of volunteers.
## **The trustees**
The trustees during the period covered by this report are:
Michael Cartledge (resigned 22 April 2024) Keith Creighton ( appointed 14 March 2024) Yvonne Hobbs (resigned June 2024) Laura MacLennan (appointed 29 November 2024) Mark Merrill (resigned 9 April 2024) Chris Mitford-Slade (appointed 11 January 2024, resigned 31 December 2024) Mattie Ross ( appointed 12 June 2024) Janet Thomas Keith Tibbitts Ian White (appointed 14 March 2024, resigned 16 May 2025)
## **Appointment of trustees**
New trustees are appointed by a resolution of the existing trustees in accordance with the provisions of the constitution of the CIO.
## **Related parties and connected organisations**
The charity works closely with and receives pro bono support from the Cotswold Canals Connected project, a major Lottery funded project aiming to open up a major stretch of the canal network through Gloucestershire. Though this connection the charity worked with Stroud District Council and the companies and charities owning and restoring the Stroudwater Navigation canal.
## **Risk statement**
The trustees have undertaken a full risk assessment and keep this under review at Trustee meetings.There are written procedures for operating the charity's boats and appropriate qualifications are required for those volunteers operating the boats.
4
## **Cotswold Boatmobility CIO**
## **Report of the Trustees**
## **For the year ended 31 December 2024**
## **Objectives and activities**
The charity's objectives as set out in its constitution are to provide or assist in the provision of facilities in the interest of social welfare for recreation or other leisure time occupation in particular accessible boating opportunities on the Cotswold Canals, of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their wellbeing.
The charity does this by organising boating and other activities on the canal on its fleet of boats which currently consist of two motorised boats capable of carrying wheelchairs and several Katakanus, being twin hulled six person canoes.
The service is currently provided by a range of volunteers who have had appropriate training.
## **Public benefit**
In considering how the Charity fulfils its aims and objectives the Trustees have taken account of the Charity Commission guidance on public benefit. The descriptions of the Charity's activities and plans in the remainder of this report are drafted with this guidance in mind. The services and support which the Trust provides are available to a wide range of beneficiaries.
## **Achievements and performance**
The charity provided guest trips to beneficiaries including the learning disabled clients of a number of supported care providers as well as the residents of three local care homes for the elderly who are regular guests. Guests include those with a range of conditions. These include phsysical disabilities as well as those with autism, downs syndrome, visual impairment and learning difficulties For many the activity on the canal in one of the boats is an essential activity to socialise outside their residential environment. The charity is one of the few in the locality which can provide these opportunities for wheelchair users. The charity also participates in a number of the local festivals and events based around the canal and is involved with a range of the local community groups.
The charity took dellivery of its new boat, Symphony, during 2023 and was able to use it to take several wheelchair users and others on trips during 2024. This boat was provided with funding from the NHLF funded Cotswold Canals Connected project. In addition Stonehouse Rotary provided the funding for an additional KataKanu.
A new shelter which protects the pontoon names "Woody's Wharf" in memory of our site manager Colin Wood was constructed in 2024 to give protection from heavy rainfall. This was funded by Cotswold Canals Trust.
The trustees have devoted time to inproving its operational procedures particularly in respect of how the charity manages its volunteers, with a view to increasing its reach in 2025. This has included setting up an online rostering system with help from Cotswold Canal Trust and introducing new e-mail, calendar and data storage facilities transferred from Microsoft to Google Workspace.
5
## **Cotswold Boatmobility CIO**
## **Report of the Trustees**
## **For the year ended 31 December 2024**
## **Plans for future periods**
At present the charity operates on two mornings a week, occassional charters and attends other public events. It plans to increase its routine operations and to do this will need to recruit additional volunteers. Fundraising will enable it to recruit an experienced part-time self-employed consultant in furture, to coordinate the deployment of volunteers and guests and hence widen the access for service users.
Training has been organised for all volunteers in boat saftey and first aid. A new Code of Conduct and related policies ensure that all volunteers are able to welcome the charity's beneficiaries in an appropriate and welcoming manner.
## **Financial review**
The results for the year to 31 December are set out in the Statement of Financial Activities on page 9 and are summarised below:
|Income
Boat operating costs(including depreciation of £9,983)
Net movements in funds
Other costs|**2024**
**£**
**32,261**
**(14,383)**
**(3,777)**
**14,101**|2023
£
43,826
(13,582)
(7,778)|
|---|---|---|
|||22,466|
The income in 2024 included grants totaling £20,540, including a grant from The Lottery Community Fund to cover the costs of a part-time charity consultant. Income from supporters, small donations, bequests and grants for continuing operations amounted to £11,721. Expenditure on the day to day operations including depreciation of the boating assets is shown in note three on page 13.
In June 2025 the charity was awarded a grant of £25,615 for the purchase of six new katakanus and accessories.
## **Reserves policy**
The cash positions is monitored and reviewed regularly by the trustees to ensure that the charity has sufficient accessible assets to enable it to carry on its activities for the benefit of current and future beneficiaries.
The trustees aim to maintain sufficient cash to enable them to continue to provide a service to beneficiaries on at least three days a week for a period of six months.
6
## **Cotswold Boatmobility CIO**
## **Report of the Trustees**
## **For the year ended 31 December 2024**
## **Statement of the trustees’ responsibilities**
The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with the constitution of the CIO, applicable law and regulations.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (United Kingdom Generally Accepted Accounting Practice) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable incorprated organisation's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Report) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 20 October 2025 and signed on their behalf by:
Mattie Ross **Chair**
Keith Tibbitts **Trustee**
7
## **Independent Examiner's Report to the Trustees**
## **Independent Examiner's Report to the Trustees of Cotswold Boatmobility CIO**
I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Trust, you are responsible for the preparartion of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5) (b) of the Act.
## **Independent examiners statement**
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 be believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Act other than any requirement that the accounts give a true and fair view
3. 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 to enable a proper understanding of the accounts to be reached.
Mark Latchford
21 October 2025
68 Park Road Stonehouse Gloucestershire GL10 2DE
8
## **Cotswold Boatmobility CIO**
## **Statement of financial activities (Incorporating an income and expenditure account)**
## **For the year ended 31 December 2024**
|**Unrestricted**
Note
£
**Incoming resources**
_Incoming resources from generated funds_
10,618
103
Grants received
1,000
**Total incoming resources**
2
11,721
**Resources expended**
-
-
_Charitable expenditure_
Boat operating costs
3
5,977
Equipment and safety costs
3
235
Other costs
3
3,002
**Total charitable expenditure**
**9,214**
**9,214**
**2,507**
**-**
**Net movement in funds**
**2,507**
**17,304**
**19,811**
_Costs of generating funds:_
Sale of goods
_Activities for generating funds:_
Voluntary income
Fundraising costs
**Funds at 1 January 2024**
Transfer between funds
**Total resources expended**
**Funds at 31 December 2024**
**Net incoming resources for the period**|**Restricted**
£
-
-
20,540
20,540
-
-
8,406
-
540
**8,946**
**8,946**
**11,594**
**-**
**11,594**
**48,378**
**59,972**|**Total**
**£**
**10,618**
**103**
**21,540**
**32,261**
**-**
**-**
**14,383**
**235**
**3,542**
**18,160**
**18,160**
**14,101**
**-**
**14,101**
**65,682**
**79,783**|2023
Total
£
4,671
72
39,083|
|---|---|---|---|
||||43,826|
||||-|
||||-
13,582
660
7,118|
||||21,360|
||||21,360|
||||22,466|
||||-
22,466
43,216|
||||65,682|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 10 to the financial statements.
9
## **Cotswold Boatmobility CIO**
## **Balance Sheet**
## **As at 31 December 2024**
|Note
**Tangible fixed assets**
Boats and Equipment
7
**Current assets**
Debtors
Cash at bank and in hand
**Creditors: Amounts**
**falling due within one year**
8
**Net current assets**
**Net assets**
9
**Funds**
Restricted funds
10
Unrestricted funds:
General funds
10
**Total funds**|**2024**
**£**
**35,672**
**35,672**
**-**
**44,111**
**44,111**
**-**
**44,111**
**79,783**
**59,972**
**19,811**
**79,783**|2023
£
45,655|
|---|---|---|
|||45,655
-
20,679|
|||20,679
652|
|||20,027|
|||65,682|
|||48,378
17,304|
|||65,682|
Approved by the Trustees on 20 October 2025 and signed on their behalf by:
Mattie Ross Keith Tibbitts Chair Trustee
10
|**Cotswold Boatmobility CIO**
**Statement of Cashflows**
Cashflows from operating activities
Purchase of assets
Cash and cash equivalent at beginning of the period
Cash at bank and in hand|**2024**
£
23,432
-
20,679
**44,111**
44,111|2023
£
32,023
(39,160)
27,816|
|---|---|---|
|||**20,679**|
|||20,679|
## **Reconciliation of net income to net cash flows from operating activities**
|Adjust for Depreciation
(Decrease) / Increase in creditors
Net income for the period (as per Statement of financial
activities)|14,101
22,466
9,983
8,905
(652)
652
**23,432**
**32,023**|
|---|---|
11
## **Cotswold Boatmobility CIO**
## **Notes to the financial statements**
## **For the year ended 31 December 2024**
**1. Accounting policies**
- a) The financial statements have been prepared under the historical cost convention and in preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice "Accounting and Reporting by Charities" (Charities SORP (FRS 102)) and comply with the Charities (Accounts and Reports) Regulations 2019 and the Charities Act 2011.
- b) Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when receivable.
- c) Grants paid are recognised in full in the statement of financial activities in the year in which they are paid.
- d) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
- e) Resources expended are allocated to the particular activity where the cost relates directly to that activity. The cost of overall direction and administration of each activity is apportioned to each activity on the basis of the cost of each activity.
- f) Boats are depreciated over their expected ecconomic life.
- g) Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.
- h) Restricted funds are to be used for specific purposes as laid down by the donor or grantor. Expenditure which meets these criteria is charged to the fund together with a fair allocation of management and support costs.
- j) Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity.
- k) Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
- l) Transfers between funds are made by the Trustees to reflect appropriate charges between funds in the years after the original income has been recognised in the financial statements.
|Grant - Lottery Community Fund
Grant - Jane Lane Trust
Grant - Sonehouse Town Council
Bequests
Sale of goods
Lottery income
**Income**
Donations
Grant - Cotswold Canals Connected
Grant - Stonehouse Rotary Club
Renishaw Group - donation|**Unrestricted**
£
7,988
2,000
630
-
1,000
-
-
-
-
103
11,721|**Restricted**
£
-
-
-
20,000
-
540
-
-
-
-
20,540|**2024**
**Total**
**£**
**7,988**
**2,000**
**630**
**20,000**
**1,000**
**540**
**-**
**-**
**-**
**103**
**32,261**|2023
Total
£
4,015
-
656
-
-
-
35,283
2,800
1,000
72|
|---|---|---|---|---|
|||||43,826|
## **2. Income**
12
## **Cotswold Boatmobility CIO**
## **Notes to the financial statements**
## **For the year ended 31 December 2024**
## **3. Total resources expended**
|Repairs and maintenance
**Total resources expended**
Training
Electricity and fuel
Insurance
New site ground works
Consultancy
Other supplies and services
Depreciation|Boat operating
costs
£
670
375
443
1,478
-
-
1,434
9,983
**14,383**|Equipment and
Safety costs
£
-
-
-
-
-
-
235
-
**235**|Other costs
£
-
-
-
-
724
966
1,852
-
**3,542**|**2024**
**Total**
**£**
**670**
**375**
**443**
**1,478**
**724**
**966**
**3,521**
**9,983**
**18,160**|2023
Total
£
1,406
573
501
1,362
5,000
1,804
1,809
8,905|
|---|---|---|---|---|---|
||||||21,360|
## **4. Net incoming resources for the year**
This is stated after charging / crediting:
||**2024**|2023|
|---|---|---|
||**£**|£|
|Depreciation|**9,983**|8,905|
|Trustees' indemnity insurance|**-**|-|
|Trustees' remuneration|**-**|**-**|
No expenses have been claimed by or reimbursed to Trustees in respect of their service as Trustees or in relation to the cost of meetings.
## **5. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## **6. Commitments**
As at the date of signing these financial statements the Trustees have no committment to future capital expenditure.
13
**Cotswold Boatmobility CIO**
## **Notes to the financial statements**
## **For the year ended 31 December 2024**
## **7. Tangible Fixed Assets**
|**Cost**
Cost at 1 January 2024
Acquistions during the year
At 31 December 2024
Depreciation
Depreciation at 1 January 2024
Charge for the year
**Net book value 31 December 2024**
At 31 December 2024
Net book value 31 December 2023|Boats and
equipment
£
48,959
-
48,959
15,181
5,306
20,487
33,778
**28,472**|Mobiloo
£
18,000
-|Site works
Total
£
£
1,077
**68,036**
-
**-**|2023 Total
£
28,876
39,160|
|---|---|---|---|---|
|||18,000|1,077
**68,036**|68,036|
|||7,200
3,600|-
**22,381**
1,077
**9,983**|13,476
8,905|
|||10,800|1,077
**32,364**|22,381|
|||10,800|1,077
**45,655**|15,400|
|||**7,200**|**-**
**35,672**|45,655|
## **8. Creditors : Amounts falling due within one year**
|Other creditors|**2024**
**£**
**-**
**-**|2023
£
652|
|---|---|---|
|||652|
## **9. Analysis of net assets between funds**
|Tangible fixed assets
Other current assets
**Net assets at 31 December 2024**
Tangible fixed assets
Other current assets
Net assets at 31 December 2023|Unrestricted
Funds
£
-
19,811|Restricted
Funds
£
35,672
24,300
**59,972**
Restricted
Funds
£
45,155
3,223
48,378|**Total funds**
**2024**
**£**
**35,672**
**44,111**|
|---|---|---|---|
||**19,811**||**79,783**|
||Unrestricted
Funds
£
500
16,804||Total funds
2023
£
45,655
20,027|
||17,304||65,682|
14
## **Cotswold Boatmobility CIO**
## **Notes to the financial statements**
## **For the year ended 31 December 2024**
## **10. Movements in funds**
|**General funds**
**Movements in funds previous year**
**General funds**
**Restricted Funds**
Mobiloo Fund - Barnwood Trust
New Site Fund - Stroud Auctions
Electric Boat Fund
Katakanu Replacement Fund
Symphony Fund- Cotswold Canals
Connected
New Site Fund - Stroud Auctions
Electric Boat Fund
Katakanu Replacement Fund
Mobiloo Fund - Barnwood Trust
Katakanu fund - Stonehouse Rotary
Symphony Fund- Cotswold Canals
Lottery Community Fund
Stonehouse Town Council
**Restricted Funds**
Katakanu fund - Stonehouse Rotary|At 1
January
2024
£
10,800
-
3,500
800
2,240
31,038
-
-|Incoming
resources
£
-
-
-
-
-
-
20,000
540|Outgoing
resources
Transfers
£
£
(3,600)
-
-
-
-
-
-
-
(560)
-
(4,246)
-
-
-
(540)|**At 31**
**December**
**2024**
**£**
**7,200**
**-**
**3,500**
**800**
**1,680**
**26,792**
**20,000**
**-**|
|---|---|---|---|---|
||**48,378**
17,304
**65,682**
At 1
January
2023
£
14,400
5,000
3,500
800|**20,540**
11,721|**(8,946)**
**-**
(9,214)
-|**59,972**
**19,811**|
||||||
|||**32,261**|**(18,160)**
**-**|**79,783**|
|||Incoming
resources
£
2,800
35,283|Outgoing
resources
Transfers
£
£
(3,600)
-
(5,000)
-
-
-
(560)
-
(4,245)
-|At 31
December
2023
£
10,800
-
3,500
800
2,240
31,038|
||23,700
19,516
43,216|38,083
5,743|(13,405)
-
(7,955)
-|48,378
17,304|
||||||
|||43,826|(21,360)
-|65,682|
## **11. Related party transactions**
During the year Ian White served as a Trustee. He is the designer and supplier of katakanus to the Charity.
15