2022-12-31-accounts - Avon Navigation Trust

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I'or h car	ended31	D			r20	2	2
													2022	2021
											Unrestricted	Restricted	Total	Total
											Funds	Pundit	~Ff	Funds
~in e
Donations, legacies and			subscnptions						17		20,796		20,796	32,432
hlvcstolcol hlcoulc									17		1,308		1,308	292
Incom I) m	antable		actlvltl
Mamtenance,	improvement				and regulation ofIhe
Avon Navigatton									17		756,449		756,449	827,864
Rcn I Iv	and other			nlc nl					17		29,479		29,479	16,242
											808,032		808,032	876,830
~xenditure
Ex dltureon Ch ri					Activities
Maintenance,	improvenmnt				and regulation ofthe
Avon Navigation									17		420,647	895	421,542	606,023
Support and	governance		costs						17		169,583		169583	152,976
									17		590,230	895	591,125	758,999
											217,802 (	895 )	216,907	117,831
Unrealised gam/(loss)		on investment							7	(	334 )	-(	334 )	812
Movement in	life members				subscription		fund		12	(	630 )	—(	630)(	80	)
	'
Movem	n			or th		r					216,838 (	895 )	215,943	118,563
Total fund balances brought					fonvard	at	I January	2022			2,022,908	49,673	2,072,581	1,954,018
T und balane				'cd fomrard			31 D	ber 2022			2,239,746	48,778	2,288,524	2,072,581

											2~2f			~021 8
Ne	h m froin o	er	tin	'	' 'es		14				403,900			54,505
	h liow froin inve	tin	activities
	Payments to acquire	tangible		fixed assets				(	308,064	1		156,291	)
	Payinents to acquire	mvestments						(	321)			272	)
	Interest received								987			20
	Dividends received								321			272
iVe	ow from inves		In		cs					(	307,077 )		(	156,271 )
			'
	1 sh linis from Dn n			li	'ti«s
Ne	in as Idecrease	In		h	cash	e uivalent					96,823		(	101,766 )
C	sh n h c uivalents			I D	mber 2021						482,655			584,421
	uiv	len	s	)		er 2022					579,478			482,655
	d cash e ulv	I n		'sts	of
	Cash at bank and in	hand									411,199			315,364
	Short tenn deposits										168,279			167,291
ash and cash uiv		I	tsat31 Decem			r2 22					579,478			482,655

~gruff cost							2lt22	221121
Wages and snlanes							323,639	270,427
Employer's National	Insurance						28,877	22,524
Defined contnbution	pension costs						16,570	14,656
							369,086	307,607
An allocation ofthe	staff costs by the		Trust is as follows:
Infrastnicture improvements/workboat			relurbishments				75,595	31,488
Charitable activities	support						22,073
Admmistration and	customer service						93,047	84,486
Relief lock keepers							7,109
Contract ivorks							46.968	67,997
Ma)or ivorks Miller works							104,902 ~19392	119,405 4,231
							369,086	307,607
The average number	ofinnployees	excludmg		Trustees	during	the year was	No
Administration
Customer service
Operational

		'
4	Amoun	to inde		endentEx	mi	r
	Independent	Examiners		fee							1,600		),500
	Accounts preparation		and AGM attendance								6,000		5,705
											7.600		7,205
												Webslte	Total
													f
	Cost
	Addltiolls											14,625	14,625
	31December	2022										14,625	14,625
	Amortisation:
	I January 2022											5,850	5,850
	Charge for the year											2,925	2,925
	31 December	2022										8,775	8,775
	Net Book Value:
	31 December	2022										5,850	5,850
	31 December2021											8,775	8,775
6	~Tn I )L)dgkt)ukHets									Ma ehIacry	Workboats
							Frcchold		Infrastructure	and Oflice	aud	hlotor
							~pro	crt	inntkSUISJIIs	~Eat m	~TU s	~ries	~Tot I
	Cost
	I January 2022						184,675		906,834	525,731	473,031	41,898	2,132,169
	Additioiis						129,822		151.091	22,540	4.611		308,064
	31 December	2022					314,497		1,057,925	548,271	477,642	41,898	2,440,233
	Depreciation:
	I January 2022								107,003	258,665	169,835	20,213	555,716
	Charge for the year								24,945	20,500	9,938	3,732	59 115
	3 I December	2022							131,948	279,165	179,773	23,945	614,831
	Net Book Value;
	31 December	2022					314,497		925,977	269,106	297,869	17,953	1,825,402
	31 December	2021					184,675		799,831	267,066	303,196	21,685	1,576,453

7	lnvestmeats						2022	2021
	The Equities	Investment		Fund for Chanties (23.358 Accumulation	Umls)
	Cost' f6 121	(2021f5,800)
	Markt) value	at I January 2022					6,775	5,691
	Dividends remvested						321	272
	Unrealised (loss)/gain		on mvestment			(	334 )	812
	Market value	at 31 December 2022					6,762	6,775
8	~Dr
	Trade debtors						7,466	11,726
	Other debtors							11,866
	Prepayments	and scented inconie					4,048	74,867
							11,514	98,459
	Short-Term Deposits						168,279	167,291
10	Creditors:	amounts	falling due imthm one year
	Trade creditors						32,120	5,585
	Social security and other taxes						29,271	8,019
	Accruals and	detbrrmi		income			20,240	19,585
	Payments on	account					57,196	43,537
	Other creditot						13,263	35,315
							152,090	112,041

							Investment
				At			~Gina/	At
				0~1/0	~m ~Ex	enditure	f	31/12/2022
Unrestricted Funds Unrealised gam on mvestment				975		-(	334 )	641
General Fund				2,019,463	808 032 (	590,230 )		2,237,265
				2,020,438	808,032 (	590,230 )(	334 )	2,237,906
Restricted Funds
David Hutchmgs		Memonal	Fmid	8,477				8,477
SWWT Extension Neptune		Pro)act		7.484 33,712	-(	895)		7,484 32,817
				49,673	0 (	895)		48,778
Life members	Subscnption		Fund (Note 12)	2,470	-(	630)		1,840
Total Funds				2,072,581	808,032 (	591,755 )(	334 )	2,288,524

	Neptune			Donations ivere I	br the refurbishment ofIhe v	essel 'Nqitunel
						25)22
12	Llf		bere Subscri	tion Fund
	Balance	at	I January 2022			2,470		2,550
	Subscriptions received							550
	Charge	Ior	Ihe year		(	630)	(	630)
	Balance	at	31 Decctnber	2022		1,840		2,470

An I '	fNet Assets between Fun
			Life Members	Other
		Restricted	Subscription	Dnrestrlcied
		Zggda	Fdtud	~FI
Intangible	fixed assets			5,850	5,850
Tangible fixed assets		32,817		1,792,585	1,825,402
Investments				6,762	6,762
Current assets		15,961	1,840	584,799	602,600
Current liabilities			- (	152,090 )(	152,090 )
tol NeI	A	48,778	1,840	2,237,906	2,288,524

			2022	2021
Net movement m funds			215,943	118,563
Dividends recmvcd			(321)	(272)
Interest received			(987)	(20)
Amortisatmn ofintangiblc tixed assets			2,925	2,925
Depreciation oftangible fixed		assets	59,115	53,999
Loss/(profit) on mvestments			334	(812)
(Increase)/Decrease	in stock		(103)	1,962
Decrease/(increase)	in debtors		86,945	16,332
Increase/(decrease)	in creditors		40,049	(138,172)
Net cash flow from	operating	activities	403,900	54,505

									Unrestricted	Restricted	Total
									Funds	Funds	~F f
Income
Donations, legacies and subscnptions									20,868	11,564	32,432
Investnient income									292		292
'
n ni fromch ble		i	iie
Mamtenance, improvement			and regulation				ofthe Avon Navigation		827,864		827,864
Rent receivable and o I r		i							16,242		16,242
									865,266	11,564	876,830
~Ex enditure
Ex nditure on Chari abl
Maintenance, improvenient			and regulation				ofthe Avon Navigation		593,564	12,459	606,023
Support mid governance	costs								152,976		152,976
~ttkggg~ni r									746,540	12,459	758,999
~Net Inc JggfgLJhbIQK									118,726 (	895 )	117,831
Unreslised (loss)/gam on		investment							812		812
Movement in life members			subscripnon			fund		(	80)	-(	80 )
Net htovement in funds		for		the	ear				119,458 (	895 )	118,563
's
Total fund balances brought			forward at			I	January 2021		1,903,450	50,568	1,954,018
T tal n		ri		f	v r	t31 December 2021			2,022,908	49,673	2,072,581

flgygtglgtkBBN05	flgygtglgtkBBN05										Zggl			~20
										Char(table			Chsrltabl
											fffllgg		Saf(B(ffgg
									~NI		8
Donations, kgacies, grants						and
mbscnptmns									A	20 796		20,796	27,642		32,432
Tolls (Regturatmn			f	s)					B	478,846		478,846	446,392		446,392
Mooriiig fees										18,7113		18,783	19,665		19,6G5
Co pc schon annmly-
('a al and R vcr		Tnist								400		400	400		400
Cont t k										252,681		252,681	355,881		355,881
Investment incem									C		1,308	1,308		292	292
Evesham Hydro										5,739		5,739	5,526		5,526
Rent rccclvabk											19,493	19,493		8,532	8,532
Sale oftnist goods		and			other		in	orna			9986			7.710	7,710
										777,245	30,787	808,032	855,506	21,324	876,830
											Support 41			Support B
										Charkable	Governance		Charltablc	Governance
										sllx(Ba			~A	Cdttfg
											f,		8
IVages and sale	i									200,444	93,047	293,491	191,633	84 486	276,119
Mmntenancecosts			ndmslensls						E	41,946		41,946	158,119		158,119
Cost oftrust goods											2,155	2,155		1,962	1,962
P opcrty magcmcntaadnuuntcnancc											10,248	10,248		3.244	3,244
It cofplant										1,528		1,528	2,297		2,297
Innnmcc										24,564	1,234	25,79S	20,778	1,115	21,891
Electnmly and gm										109M		10,900	11,811		11.811
Vehicle andbod		.	p		scs					14,793		14,793	28,344		28,344
Dcprcmation and	amortisauon									62,040		62,040	56,924		IG,924
G mcc costs		Accountancy						charges			7,600	7,600		7.205	7,205
R tofla 4											215	235		230	230
Telephon nd p		togc									16,564	16,564		16,575	16,575
Priii(ing, statioiicA'			arid		piibli		ily				11,688	11,688		12719	12719
Bank barges											7,947	7,947		7,061	7,061
Coiiipiitci' cxpcsscs										5,919	9,094	15,013		8,855	B,BSS
IVatcr mid ivmtc		ogection								17,627		17,627	19,712		197(2
Sundry cxpenscs P f~ o al cha	gcs snd subscnptioas									4,160	5,741	5,741 4,160	17,473	5,599	5,599 17,473
Heahh and sakly										8497	4,030	12,527	4,108	3,925	8.033
Staff lr g										1,278		1,278			0
Bsd debts										4,025		4,025	93,359		93,359
Volunteers espenses										3 821		3 821	I 465		1,465
										421,542	169,583	591,125	606,023	152,976	758,999

N -D
Gmd Gra	Tnut						10,000
Ich sons P p~ 'IVake Engineenng							1,000 3,000
Aspire Busin	ss								1,000
Ground iork	UK - Tesco		pl						1,000
IVh tc tueler	- IVv havon		Dlslnct Counml						H.564
Iob Rctcntion	Schenie	grants							11,779
Mnccgmcous	donations		and subscnpttons				6,796		5089
							20,796		32,432
Annual -Comm«ml		C	ag				58,180		58896
-Po	m Cratt					1,356	15E466	1,329	338,404
Short Tenn						1,985	54,783	1,826	49,092
knforccnmnt	- recovered						12417
						,341	478,846	3,155	446,392
I tc st cccvcd							987		20
Olhcriavcst	t						21		272
							IGIBB		292
Avcm Lock C tmg									840
Holiday Cottages							11,633
Strcnsham I.ock House							7860		7,692
							19,493		8,532
MNnrivorks(	~ic locksrmdnamgauon			v	k I		22,514		31,013
Costs ofco t	act smvsces						2,386		107,841
Htulrh 8, epsirs and decoration							4,107		3,898
M w M	tc						12,939		15367
							41,946		158,H9