## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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| ## ## ## ## ## ## ## ## ## ## ## ## |2|~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| |17|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|