AVON NAVIGATION TRUST A COMPANY LIMITED BY C.UARANTEE AND NOT HAVING A SHARE CAPITAL FINANCIAL sTATF.1F.NT FOR THE I'EAR ENDED 31 DECEMIIER 2024
AVON NAI'ICATION TRLIST
'HAIRMA's REPORT 2024
OncL again, it is plLasing io rerM)rt that mi l¢lloM Truskes and I can look. back on ?024 as another successful one tor the Trust.
Our aspiration and moiii'aiion remain io focus our efforts io ensure lie haie a SUStsinablL plaitorni for the coniinuation ot'our
Trust kn a l(ILally fo¢u55¢(l inde¢1 nJN'igaiion auihorii!"_
When one ot-our loyal and sUPPOrtive Pairons. Timoih). West CBE. recorded a commentar). for us on April 2024 to be plaved on
our trip boai, COlr. lirtlc did we knoll Ihai hi I4'0uld s(K>n atiLr. i'en. sadl!. pass a"al. in NovembL"r 2024. On bchalt'of past
and prl'seni trtistLes and MLM.rs. l iyould likLS io iribuQ io Tim for his uthwav¢ring support for th¢ Trust love ofihe
Rii'¥r Ai'i)n and 1)n i)ur Li)nd(Il¢nL¢s t() Pru ih¢ farnili..
We are delighted ihat Toi'ah Wilcox has agreed io become a Pairon and ourm'arniesi of w'elcomes go out to her. ToN'ah lives
'SIdL ihL Alon and dLri.S IhL fivLY as otlL ofihL thrL' g1 loves in hLr lili- Ihe others 'ing music and hLr husband.
On tht Stuffing 5id¢. there have been chang¢5 in 2024 lir inio 2025. Dai4. has left the Trust for fu. milN rewn¥ and we w'ish her
Ivell in hcr nLII' POSI. IlaitiL has replaiLd l)uisi' ar has hii ihe ground running w'iih expert eIcienc1.. Il'ill l.'ish, a long-ILrm
supporiLr ofr'ihL-frust, joinLd IhL sthl'l-in ?0?4 and has continued 10 dLvelop and build on his skills and knOILdgL. WL also sai
AdriJn ¢c)mi bJ¢k 10 lull SP¥¥d all¢r his illn¥ss. Our C hi¥f l--.KLYUiiv¥ has olso rt'OTgartis¥ ih¢ front-lin¥ siall'to ¥nsur¥ Ihai ihL>'
arL' rLaLlive Ili¥ibl¢ 10 the workli)ad (l¢and5 of the organisaiion.
l.'indnLial sustainabilii>', both short and long nn. is nev¢r for from our minds. M¢ ¢oniinu¢ see our ¢oll¢)gu¢s in boih small
and largLr inlJnd nawi¥iaiic>n duihciriii¢s haIng 10 jugglL with N¥Y?- signi11¢1 i5su¢s and i¥¢ ¢nsurc Ihai mc)niic)r iiidlr
aiLrwil} Tlliltlip
AVON NAI'ICATION TRLIST
fEx
utiv
Offi
ort 2024 A
OVeie
In the tir5t live month5 Ot-lhe N'ear. w'e tne¢¢d oi'er filleen ii.ttks of on ar otT flIM)ding wilh the Tiver only properly back in
the amber and green b. the end ol-ma!.. This follow.ed Ihe tnd ot-2023 iihere sail e1ve "eekS of nooding up io Christmas
2023. This mLdni thai thL ?023120?4 tli)od SL'&SOn lasiLd an unprLYLmdeniLsd Lighi mortths i¥hich included tour major tlood
e¢1%. Th¢n in Ihe.4ututnn tsf 2024, the Tivei ()n ?ird S¢pl¢mher Mhi¢h the 20?4J2025 fl1)()d tn ih)i ccinlinued
until M(wLh 21125. a toial of 5¢v¢n monihs."lkni5 flooding mellnl thai the 2024 iK}lg season "aS reduced only four month5,
i¥hich is the shortest in modem times..
l am plLagL'd 10 r¢port thai our rivLr wCh. fl1 OIL and ¢mail alert S!Sl¢ms orkl1 ¢11, wld our ()n-Lall ILams work¢d
aliingsiLl¢ Ihe ()Ih¢r ii¢r IHC) ii¥¢nLi¢5 11) 4111 th¢ inLi(knLN Ihth i)5¢ fr()m Ih¢se events.. In thi% p¢rii)Ll ANT w(Irk¢(l P
AVON NAI'ICATION TRLIST
Administration of th Trus
Tiwo tLsiii'als wcre sthged in 2024. These iiere Eiesham and Pershore. ANT supp)rted boih lth our'Ri%'er Al'on Welcome
Centre, IiiA WCI providing an ANT presence and lie opeTated iiio thp boats monned b!. I'olunieers ai both tesiivals.
The TTUSt Lvnlinued lo engage LIne PoH'ell of Crurial PR. iilltes our press Telea5es and helps "1th the publicaiion of
the 'Bullelin' and -Avon Boater5 Gaiewa!. This professional sUPPOrt signilL&qnili' improes the lei'el of publicity, the Trust
achici'cs and rdises thL Trusi's profile.
W¢ LL)nlinu¢d i(1 build upon uur vvlunl¢ering aLliViti¢5 in 21)24. furtheT de¥'el(wing our vOlunr Iraining managemenl
5}Sltm Lalled Iklter Impaci. l.his sjsiem help5 us bdier harness the incredible enihusiasm and hard IOrk of our supporter5.
Through the )'ear i%e were joined bi S'traI new volunieers. so our i'oluner numbers coniinued 10 increase. ANI. Squad. I'ouih
voluntLLring basLd in ELshaM using NLPIUnL as ihL loiiih continued groi4' in its third K'Lar. II'L had 14 squad mLmbLrs
Ihilt ML'I iv¢r% ThUrjaI through ihe %etI its tsk¢ parl in Tii"er lI1'i1]eS ii)lunieerirtg. Thl!" were alsi) heai'ill lnili)Iclj jii
SUPP(irting ANT ill IhL ftslil'als. Th¢5e pe(Iple
AVON NAI'ICATION TRLIST
Riv
r Maint
and
.ontrn t Work
Folloiving the flooding because (his I4'&S so late in the i"ear. li'e had 10 engage conirdctors 10 do mosi of the lock siie firsi grdss
cuis. ContraLtors also undertook a signifjcani aonI oftree sllrget!. iiorks to make safe sei eral ot'our lock siies. Then the siatr
artd VL)luni¢¢p ullLl¢rti)ok Ll¢arJn¢¥, dr¢dgin¥ and pair ii"i)rk, g¢tling th¢ river ttTr ih¢ poinl h¢r¢ naiii¥iltion w)$
P05sibl¢.
OnLL ihc tloods had subsidcd. H'L undLrtook thL major reir on the bouom 8(L Harn'ingion i¥hich uiilisLd an above-
IaItr %LLond_%irdp %olulion. This meani thai did not n¢e4110 dLthtr th¢ l(Kk. the larg¢si on ihe river. ¥ving hunLlr¢ds of
Ih(iUWnLl% lif tK)unds. Whil%t Ih¢Te, 11¢ alM) L(InduLi¢d a full refuTbi%htn¢nt (If the g11¢$ P
AVON NAI'ICATION TRLIST In summar!, li was another l'eo iough )ear. made eien harder with unpceden1td amounts of flooding and major damage caused by barEe impaLts. Hoivever. hard Nork and deietmination preiailed. and lie aclu1% delivered another iern SULcessful y¢¢W. W¢ mana¥¢d lh¥ r¢s(IUTL¢ n¢¢d¢d li) SUPTX)rt lh¢ (lilT¢T¢ni pr()j¢¢L% li?¥¢th¢T M'ith ()p¢ning )n(I mainiaining the nai'ig(Ition. W¢ sULCtssfullJ achiei'ed thi5 difticuli balancing aci and w.eni on to compldt some importsnr mainienance project5 well a5 maintaining our reseThes, Ihus ensuring ihe iuiure success ol-the w'atrTh4aK". The ouicome M'e achieN'ed shoii.ed Ihai we 14ere rnore than up io Ihc challLnge, and we dLIivLYed ano¢her success1 )'&gr. W¢ (tr¢ all P<lrt of the vnguing histors. of th¢ nill'igalion. foll(IMing in the footsicps ()f the gi{t5. i¥h(I rest(IT¢(I the river i1(1 'hO Ivent tK'fore u5. We are rn¢reli cuslodian5 of our lo&el!' river ensurirbg lh li is here for the future generations to enjoy and naiigate. and i¥hai a prii'ilege li is 10 be a small part ot the River Aion's his[}.. l M'ould likL io record mi. sincLre thanks 10 mi. ststT. Ihe volunieeTS, and OUT directors for all iheir hard Hork. and support ensuring Ihai e surviv¢d anoih¢r iough i'¢ar, all ol-Ih¢m A¢pping up 10 ih¢ plai¢. As som¢ sa),. .hen th¢ going gcts iough. the ci,ii'*.' fvi..i i iiifr.'M's fEx 16 JunL. 2025
REPOR I. OTr"'I'HE'J"RI S"I'ELS for th¢ vear ¢nd¢d JI D¢cemh¢r 2024 The Trustee& who are also direclorsof the Charih. for the pur]M)- of the Comp3]Jies Aci 21K)6 and Chatitv. La.. present Ih¢ir r¢EK>n 1Th Ihe linancial al¢tlS of Ih¢Charip. for the 1¢arenj 31 Ikc¢mkr 211?4. The finaneial sthiements omply with IIK" Charil>'s 8OWiming dUMenL Charilits Aci 2011. Ihc FinanLial Rew>fling Sthndard applicablt in (hi UK and RepubliL ul'lreland IbKsio?l and Accouniing Jnd Kep)ninE . Charities." SieMent of Kecomtnended I'raclice applicablt to chariii¢% prtparing Ih¢ir a¢counis in accorda %i¢ih 1¢ finwicial Rerx)rt¢ng Sts¢)dard applicable Iht IIK and RLpiiblie of Iriland publishul in OLYoiKY ?019. Thc Dirtciors, RLwrt. rLNULred Lmpart. law. is included within the IMx4v of the Kep)rt of 1k.1nl¢¢5. Reference thd.4dmithi$trtiTre Dti&il$ R¢gisred No.00857695 Ir.ngland and Il'alesl Regitred Chants. No. 244951 t4¢gist¢r¢d oific¢ and Principal Offic¢.' Mill Wharf. Mill Wi'r¢ Pi(kll¢. V¢rshor. l1..¢rsh1r¢. WRIO 2JTr' 'J'rustc¢i 'I'hL dirLLiors ol'ihL' chaTithhlL Lompan% iihL Lhthrill'l arL' ils Trnsw for tIK' pu4w of¢h8ril> law. Th4. Trus.$ ofihi Lumpanj during th¢ )'¢ar and ¥inc¢ th¢ i'¢aMd as rdh)ws: J IILbidrli (Chairmth R A tli)rlLy R C'latr (i M A L'r4vK' l) (' CYrr M J Ili)dbL'S I'l'rL'asurerl l. K Yiiun8 'I'hu' Lhiel'l.'.XLUliVL' ()lli¢er 1$ L Mail I'ompAny *crctary A Main Independent ¥lurJitor$ Djll Audit l.imited C'hur¥h Coun 811)urbrid8L' Ruad Wisi Midlands B03 3.rr Soli¢iton Thomson & BancL4 1.l.P 37 High SINXI l>eTshLTr 'orcestershir¢ WRIO IAH
Al"()N ..1.7(.,1Tj() TRI"ST REPORT OF THE TRI'STEES fnr th ndtd l Dec mh r 2024 CQDtinu Reference and.4dministrgtiie Details B&nker¥ arclaJ% Bank plc ndun F.14511P CCLA Inve&Int mbrItI)I Limit P() Iloy l ?¥l)? CM6 91)1. 'tru¢turt IvoTrernan¢¢ and IIAna tmeni CIO l)u 'I'hL C'hdril) IS LonirollLd in dLLorddnLe wilh its eMIrb8 d(K'unkmi& the M&mrdm and A71icl¢s of Ass)2110. and IS il limiiid Lompun%'. limil¥d bi (k.fin¥Mi b) Ihl c'ompani AL1 tr(Mk6. 'I'hi' C'i)IinLiI cil'MJnagLmLni. conblllUIL tTnI$llR are aprA)inied bj ihe memlKYsof IIK. aimpan% in gcnLrol m4¢lin¥. mLmk'r ma) ncMnin4LI¥ iLns' uilKY m¢mlKY. is ii.illin¥ iu k. fur ¥l¥xiiun lu lh¢ ('i)un¢il. 'I'hi and (Iihlr LonsliiuiiLinal maii&Ys arl oui in Ik COMF% s MLynixandum al Arli¢ll urAssoci1On. 11 IS gii%L'mLYI h) LhL' L'i?IinLiI Ill'N(andllL'ty1 .h1(h is rL%wn%ibli for tIng i. %irdligiiL dirt11(1n ol'ihL iirgaiii%dlii?n dnd flir ¥%luhlishing Tr?li¢y. "lkn¥ C'(iuniil ol'Mdnag¥m¥nl 8vIrI%. armj (k.k'8ai¥> Ik. otKr4tiL)n ofih¥ NaNi¥41ii)n 10 Ihi C'hiLI' I.'XiiUllVL ()17iiLY and l1n•traiwn sialr. Th¢ Tr¢Hsur¢r and Ih¢ Chairman onnuajls. to wisiikr of Ih¢Chi¢rE¥Ul1vt orri¢¢r. In ord¢r to do Ihis. Ihi> Nlir 10 d rLy)rt prPth dnnuallj by an exiemal In((nI exEkn. which l.hmalkS Nmungraiion and IrLnds li)r gimilar rolL% acri>s5 IhL 1[. Ril4llLxI Pdfti1S ConniilLxJ chtieS Thi I.0.r A()ll Naii8aiion TTu$I l.Imllixl 11.ANT). R¢giSKT¢d ChgriTh"NumkY ?01856. is a connwi¢d Charits" bi. virtue ofall ofihi DirLLiors Tnib1ees DIlor5 thd TrueeOrJih Lhthiies. ThL wniaci fvr Ihi5 Lhdrii) ib Mill 11.'hart'. Mill l.anL. Wi'rL PiddlL. PerslMK Worcesler. 11-KIO 2JF. Noneof the Truses [wele remurLa21ion or oikT bun¥til Irvtn Ih¢ir work %4'iih ihi Charl.. It ib Iht reswnsibililj vf the lu tsk¢ dll re&4Trtidbl¥ 5I¢p5 lu ¢nsUtY th¢ rti. vfuscrs. emp101tt5 11 Volun Ns'nrkers 1 all IIKkk weirk overnight mtK)rings and oihu Install10% oFKrated b!" the comtKn.N'. Thv ti8 ofih¥ ChlY held fur thvuthninisirdlioth. mainknwnce. improvL4nthi atml (klupmeni ofthe naviBaiion or the River ATron. Clvse iVrlI7n LmmuniCatiOn is mainiait*d 'Ith the TnLd's rt¢ighixpuring thavigaiiun auilMTrtilivi. c] Ri>er "rrust and the Eni'iri>ntnent Agenc!. at all ti[[s. Thv miijuf Tisks. lu which th¢ Chdrih is ed. i(kniifiLYl bi" the Cuurtcil ofMtuwmenL hdve Teviewed und sy8t¢ms have be¢n ¢stsblished to miliBate theEe risks.
Al"()N ..1.7(.,1Tj() TRI"ST REPORT OF THE TRI'STEES fnr th ndtd l Dec mh r 2024 CQDtinu Ob'ective5 .4ctivitie5 nd Public Benefii Stalcmtnt The eompanv is principally engaged in th¢ mainitnaneL improkemeni and regul10m of the enti Al'on NalgatiOn. The in activities undertdk.en UTe pruiided in thechief EiLruriie Olre¢S page5 2 lo 5. ThL TrusiLYs have complitd wilh Ikir du.. in SLYiion 4 of the Chariiies Aci ?01 l. 10 have due regard iheguidance on public knetil piiblished bv the Chdriti Com[ni10Th in erCisIng their tx)wersor dthies. D¢lail% are provided in ihe Lhairn?an'% RqK>rt and Chief f¥¢¢1ve olf¢$ R¢ry)rts on paw. I to 5. FinMnci¥l lieiie ThL financial highlights for thL year s. a% follows.. 'loial incom¢ Unted 10 El.058.()(Kb12023- £¥65.717l and exrrtndiiure amountrd w £891.463 17023- £739.0281. rL's111iinby in inLonK' of £167.437 1?023- E l?0.6841. AfiLY ittk'irtg &cthJrti of IIK. mui'LYnLni un IhL ineStMent tsnd mui'LmLnls in lh¥ lili m¢mix'rs subsLripiiun fwid. wial funds . £167.68? (2U2i. £126.1531 iu £2.5112.364 1?11?1. 17 414.6771. '1The'l'rus 05•d ikne rL%ults 10 k ¢¥eelleiii. Thl unrLyIriL.d lunds al 31 D¢c¢mtr¢r 2024. ¥¥cludinB IIK lif¢ mtmtKrf ¥ut>scripiion fund. 11 £2.485.556 12117l- L?.3311.1891. Alk'r¢Jiduciing fixed of £7 067.6461?023- EI.940.7691 this ietl £422.91012073. £389.6?01 I,urihLr dLiitsils cil. lunding %iurce% and how ¢¥j11uTe h&% Tn1.$ objL1eS are 8ifven in ihl C'hief '.x¥iuIIwL I)17ii¥r'% RLPi)rt 2 11> 5. In iurlv ?025. u rLyi¥w was Un&akin ofilK"Trnsi's currnmi otKYaiionsand IIK" wlic& mainiainid in Ihi lighi or thi) I ru%1 IIKrlI1(ln& with r¢'lLrL'ncL' L'hariiiLS C'ommi%ii?n. docum¢ml C'C'19- C'harill kL''L5 Iluildinb RL'siliLncL purt i)I'ihK ¥m¥r84¢ ilraKw. TIK. F4xrV w>li¢Th is lh >kWS 4nd hn is rKxl 4Ju¥ 10 in L,11. 7028. Th¢ Tru$1¢¢5 considw Ihgl fflinimum T¢5¢rv¢s n¢¢d lo b¢ h¢ld lo wi'er oTKofihrtt ¢v¢ntualiti¢sor ¢m¢rg¢nci¢5'. I In the el'eni the companfv h&5 lo be Wound up trccJseofuE)avoidablec%iemttl chun8e& Ihe'lnjslees eslimllle IhL5 M'ould tak¢ Ihr¥¥ IV SI¥ I015 Jnd hi¢< thr io six monihsof wsls including r¢dundam' costs nea to be h¢ld. Thi5 dmounis 10 eslinUK'd £235.(KID 2 To a rnajur br<down such 8 Ik wllapx. failurror major failur¢ such as P¢rSho J4ull No4¥ and Island, RIslY¥'i IkVLild k. rL4uired for rebulld 10515 arn110 lover ntI¥l iemi incthne lesiimdliyl 2 tnunihsl i¥hilL Ivorks were undertllken."lkne"fnLStee3 e5time that the rr¥e5 required in the WOTSt would be £215.0M. 3 Tv Lyler d r¥diiiiion in iniome due 10 reduiLxI num. of Jnnual athd -1mi littntts in lhe}r5 fullLTrM"in¥ bcvere Ili)oding such in 211117. FolloM"in8 the ?IK)7 AKf S1. an incotne reduction ofappTOXitnalel> IIW/•{£57.5kl hich Ild Ihrnx )'Lars kfor¢ volum¢s r¢coi¢r¢d. This amouni(aJ 10 aroroximali' £172.51K). The Tru%tee8 therefoTe c0Th5ider R tninimum of £235.¢th i$quate to coveroneof the thc eventualities. Thlv albo noK' Ihat ANT has fIxL a15 ofoi'¢r £? million includlng seieral WOnI¢S lh o)uld be mortgag&J if nK>T¢ ¥M¥r¥eni funds lye quird th?ve the mirtimum I[ w lo tcpluLY C1]ded emeTbYrtL funds. Bcd on curn1 si¢adi' st¢ gap anali'sis as th)cum¢ni¢d ¢n thc bi-monihli. EnginLrring Retffi. ro achie¢ stea(fv state rv4llis Mvtks ul-£820.(KIO. Th1[< the TTusIc¢s Lilrt5id¢r Ihdl the uptxr litnil un T[5.¢5 should be £235.(Mlll plu.5 £11211.OOD= £I.D55.Wll in thldition to TtriCted r"th Hence the 11Th for 20)5 is to hold in ullrtsiriiied KsLrnLs in the rangl E235.000 10 £1.055.(KKJ. In addiiion 10 Ihe Tesiricied res¢Tr¢& bui eiclud1ng f1xed assets. At J l DeceTnber 21124 the"Iru£t'% unr&stricted funds at {2.4.906120)j- f2JJl3191 of h1£h £2.062.646 12023- £1.940.7691 was lit41 up in proFth.. equi1. ats aNJ i"¢h¢cks. This left £4?4.26012023. £391.0501 of avdildble Tes¢tV¢5. This is in lin¢ with th¢ r¢seTV¢S pTrIlL".
Al"()N ..1.7(.,1Tj() TRI"ST REPORT OF THE TRI'STEES fnr th ndtd l Dec mh r 2024 CQDtinu Irjveytmeni Pulic It was noknl ihat invesiments could k required io k eessed ai short notice in ikeveniof an eveniualiry as dtsCriE in the Teserves pK)IiL%' and agrLrd that fund should reflect thi5 ffttiaj r. ThL Trus8 s£Lk keep £5.(KJO in the M & G shwe aceouni. a minimum of £180.(KKb in Iht COTF accouni d £55.000 in the bank" cu¢1 dewsit aLcOUn a of £J60.(K)O in line M'ith the reY¥C5 tx)lici'. A secund COIF account is availabl¢ lo hold rtsiria¢d lunds. Fund-r¥iyin 5tand¥rds information ThL Trus1 dl noi 10 r411Si I'units from the public in Ihe fomi of donations 8nd &$ Sh. no profL%sional fund-raiser ur LummLfiiuI wartiLipaiur hds. en Ked iviih this. NLirtv ANT nor ani khalf of ANT been subjKI an undurtaking ID k bwnd bv arry VoluntsTh'.1 tiy regukning fun&Msing. nt u11 informxtion ThL TrugtL'g. IhL' dirLiors conf)mi Ihai IhL ttiidiiors arL' Th)1 unawart of ans tL'ithani tsudil infomiaiion and all ppr(ipriuii sILys hili¢ lJk"¥n lo ¢siJblish Ihis. A5 sulh. no wmptsints tr. ¥ar(ling suLII ULIIIIIIL4. I'hL'I'riiNI an> rgn aciit)g Ibn its khaifhai'e rK)i subje¢1 10 an% undertak'ing 10 be knund by any volunLLtI YLlk'nk' li)r Teguldlin¥ fun&raisin8. Iu%%' K4uiK5 Ihi'l rus) Iu PTiPUTi finanLiuI siai&ynLy)1s finanlial FLYI0 M'hicli ¥ik¥ a Irui und lair i'iL i)I'ihL' %lali' i)I'ihL I'riist thnd Ill'l, surplus or (k,li¢ii of thL I.rU for th y1j. In prLyaring th0sL' lintsn¢ial 51UILiinimis. Ih¢'l'ru¥l¥L.¥ r¥NuifLxI 10 selLLI suiiablL' xLouniing sxTrlicI wld thL'n appli. them conSiSILnil)': muk"¥ und ¥¥liml¥$ ihal wr¥ r47MabI¥ [xu[kl.. Ihi lin&nLial %lalimLnis ijn IIK. guin8 ba5.is unk¥s it is lnappwr1a. 10 Ihai th 'I'ru%t will L()niinuL in business. Thi Trusllxs Nswnsibll for kttyinB prwKY aLxxwniing rnyords which dis¢lox '11h Tonabl £Ur). ai un>. iimL IhL' linanLidl ?5111(7 cil.1.-1.rtl5¢ and L'nablL Ilkyn toensurc Ihlli thL fina11 SlHIL'nkmi& compli wilh IhL C'c)mpllniLg Aci )o(hs, "rh¢ ori #Isi) ri4wniihl¥ for 5af¥guar(lin8 g$5¢1s of Trus1 h¥nr¢ fortsking ri)81¥ sliT% flir Ili¢ prLVLniion '¢i10n orrr8j arwj Ixher irrtyulariiies. JiirG. IRTI. '.hairm 16 June 2025
REP()RT I)F THE INDEPE)DE)T..II'DIT()iL5 TI) THE TRI-STEE% OF..II'ON N.11-IG,ITIOj TRI"ST
FOR THE I"E.4R ENDED31 DECEIIBER 2024
10
inion
WL havt aUdId the financial sraitmtnis of,4I'on Naiigaiion Trusi Iihe'charirabk compan!,) for (he peTiod eThJed
31 tkLeTnLYi ?024 1shiLh LOTnpriye the Smtetnent uf FinatKial Actis"itits the BalanLe ShLYL the Cash Flo Sialemenl
and noies It> th¢ linancial al¢et}is. including a swnmm. of signifKgnt a¢£nuThtiThg tx)lici¢s. Th¢ fin8n¢ial rerM)rting
frajnCork. Ihai has kxn app11L in ihtir preparaiion is applicabl¢ la%4 and Lniltd Kingdom Acwuniing Sugndards
(United Kin¥dutn Generdll) ALcepl¢d Accounting Prddicel.
In our opinion IhL finanLial SLqments'.
- le d true and fair I'ie%v uf the 5knte uf the charilable cumpam.'s dffaits al JI 2024 and ofits incoming resouTce5
and applicaiinn nt'res()urce& including its income and eyrtndiiure. tor th¢ ri1 ended:
- ha%'L bLxn prop-r1% prLyarLxI in aLconIan 7¢h UniL Kingth)m GthKYall% .4cLyd AcLx)uniing Pra1¢¢. and
- hiiwe been prewarl in Lrdance with the requiremenrs ufihe Cumpanies Au 20(16.
B$i$ of o
WL Ll)ndiiitLd our audit in ¥¢ordan¢¢ '1[h ITht¢rndtjon Strdd% Audiiing IUkTr IlSAs ILIKII Jnd akylicabl¢ lum..
Ilur rL.4pon%ihiliiiL¥ undl'r tho.4j.%dard% funher dr1mI In IhL..ludiiorf rtsrrt)n%ibiliiic4 Ii>T the aj11 ot'ilic fiiiancial
SthILmLnig SLlion ot'our rLwrt. M'i ari In,ndLnl of IhL
RF.PnR'f QF TJIE INDEPF.NDF.NT ALIDITORS TO THE TRVSTEBS OFAVO. NAVIGATEON TRUST FOR THE ENDED3K J)FcKNlliER2O24 on aleme Ivc have bcen appofflied Bs alidiriller Stclion 144 oftheCh3ri1i¥ AO 2011 (1 tTh BCCOTdaDcewYththeA¢t ODrobjttiiv¢5 4r¢looirtainJEasoDabl¢ a55urance Bbout whethttth¢fiD4u¢ial 51atem2nisas awknleat¢ from LnalNial DllgSlthttmEllt.iYhether due to frwd OI ertor. atsd to 155Ufo RcpDrt ofthe IdeI Auditor$ that ill¢ludG% oiir opinion. Ressollibl¢ a5SWQUCti5ahi8b Icvel Of&Esl3c¢ blll wt a gu3r3JJ¢ thai oudit cottdu£ttd arcotdantt wiih ISAs(UKI 11 ai¥v0ysdei athaEeria1missiarjkn1 il Lxists missiAIttr1 Wi5c from fraud orerior 8Dd Jc calde[clI aleriOr if. thdjvidujy thBaF8r¢gai¢,thes'¢ould MswabJylVKpeaedloillduellcethe¢conojC dec1510nsofsers iaktnon bJ5i50fth¢5c fanalSletrrt iè¢xietsl loiv]uthour PredUreS Dre cDpoble ofd¢t¢¢iin8 frau(L i%dCtBiO bejow. IVÈ lthlify ?d a55ess 1isksofmoiui missw¢tycntofth¢ fjnIrK1 sla1cme. wth¥b¢tdo¢io frtudoreuor. and thE do%iyi aiid pcrftsrni audit proC£dleS rewrtsiyt toibose risk4 iDC]uduyde&linitsB ¢vidTh¢ethalisSutfjeE ppiopri21e 10 prowde [blS fOrw0pi0D ]n idcniifyingnnd rL%sCSSiiign8k8ofj1ICrlll rwsithmI inr¢sTd ofitr¢Wiii04 wduduJ8 froUdwODw.Wrfjplmc¢ ithlaw$ alid vr8ylalioTLS, wc consithI¢ddie foUoivin8'. . tli¢D4nw¢ofth¢ 0$, conlrol eDvwonrnetti thdbysuw4sperftrrc¢'. - r¢5u115 0foiweniDiuie5 •bwi th¢wO1 idenhfiui10nad o5%¢5sDKDI ofibEri5k3 ofuTwlathios,' - gny uiotter5 w¢ hAve identified bAvittAr¢v¢thtdtht company¥ forwmpjy8 ryth lawT aThdiepJlalio 8nd 1¥hher they were LWAreofthy ws¢•nre8ofnon.collWi&xe.Th¢k¢y laws ADd r¢sula£iDD5 iYecoDsidtted in thIB rtext thcludedth¢CoMpe&A2ODo. A5 Ai¢suII ufth&s¢ pior¢durcs wc coDsidcrtd theopp0th11IejthiY¢xl5lW1thL theorganI1(th ftr fiwd r118 LIL fjtrlifjl misstaienienl inthc fjllancl #ten¢ts. Wr wusi¢Jtrtd that y9J0prtVl¢MuVIcd by the fid that i¢wNipuny 15 under th¢¢1051 ¢¢otrol of lts¢Jtre¢rJ. OurprocedurG¥lo Irri at thiswD¢lwioty in¢luthdth¢followiD&' .revi¢wio8 b¢•$he ¢outrd Eccovlllslo en¥weprop¢dyT¢Mn¢ll,. ' [romi18ti¢ol pro¢eduTe410 idED1ifyY Oruoexptatdl1ir'PSl&lI miy 1¢1[15S )IJiSSITh1¢Dntdm¢ lo fraud: -tnfjuirin8with rnani8cmentcollcerningthd fjrxl PO¢¢llti& liliWiffjdau A hruitt dcscripiion r¢sFM)DsibJili¢S f¢rth¢ iudil oflbe rjD(l is i0¢&j on the FiDancial ReportthÉ Council's MYbsileAI www.frC.¢rKuklaudiiotST¢SpDMib1ritI. Thild¢sp¢Tr fornu p0[T RetKffl ofthe tndepenthni Aydiloys. Thii POlI IJ rdlldBsolrly lo th¢cbble1Trs ibDdy. ul x¢othWithF?rt4 Dfth¢QKiii IAocoiin15 EJJd Rert5)RegulaI1Dll1 2008. our1¢ kts bttD so th41 w¢Jw8bl SI¢ io Ihedjuilablc ppl5 trusieG% tbos¢mbtters We¢t¢4ed tO$1•10 thew ID QDJudiliMI ond olbcr To the 11<51 &Ylenl penDiNed bylttw. wedo or •tyoorothuth8D th¢ WLd thccbuiiable eotwys tntsirt4*abodY. forour forth$ywL OT forlbcopiniMs ivthA¥t fonnrd. DJH AvditLiwiied Slaiulory Audiiors BliAiblelo RCI ao fillditorib t£or S¢rlton 1212 oftheCompaDiL%A¢r1006 Chuicb Cowt SlourbridgeR¢ad HOlow<D IV¢51 Midands 63 3rr
Al"()N ..1.7(.,1Tj() TRI"ST ST.4TEIENT OF FINAYC'IAL.4CTII'ITIES (including Income EApenditure.4ccountl for th ndtd mh r 2024 2024 TotAI 202J Total I'nre5tricted Rt5tricted ds Income Donaiions. IL8aciL and subscfipiiotls Invesltnenl IllLOtne 48.?84 14.958 15.(KM) 63.184 14,958 60.092 8.415 MilllltL'nanLL. iTllpTuvemeni re8uiation of t Avon Navigation 939.721 939.721 755.792 'eivabl und ul 40.937 40.937 41.413 ToiAI lthtvme I.IM3.91M> 15.IM)0 1.058.9(K) 865.712 enditurt MiiiniLmdnLL'. imprOtMent reBthlaiion ofih¢ %'i)n NuviBuiiun blJ.372 2.400 615.772 487.841 Suppurl und WVLmJn¢L ¢iJsI$ ?75.691 ?75.691 884.1kn3 ?.400 Il¢)1.4(11 739.1128 134.837 12.000 167.437 12h.0114 IlnrL'ali%i'd Bainllloss) ot) inVes¢nl 330 330 1 MovLmLnil in lifL Mlyn'r5 >ubSiTiPtion fund 801 410 1 155.087 12.000 167.fy87 116.151 Tiiial liinJ hulanix% hriiughi forward al l Januars. 2024 ?331.819 82.858 ? 414.677 ) 288.5)4 I'otal fund balanctA carritd f.rd at 31 Dtccmhtr 21124 ?.486.9U6 95.458 ? 58? 364 2.414.677 All incomL and LPLndi¢1lrc (k"rivL Ir()m continuing actis"ilie5. Thi biaiimllli ol. financial livI11¥S incluth's all wains and loss¢s r¢cogni9¢4J in th¢ )rar.
AI'ON NA'IGA TION TRI-ST IRtgislered No: 00857695 B.4L.4NC'E SHEET r 21124 21124 2023 Fixed.455etS Iniangiblt ass¢ T&n¥ible ae15 Inv¢sim¢nis 2.925 1,981.294 7.007 114? 143 7.6311 2.149.781 ,991,276 rrtnt.Iq% SILKk l)¢hiaT£ li1¢(Ments- short Itmi dekN)SiIS CHsh ul bunk in hond 10.832 Tr6.143 390.?40 ?18.549 Y.516 176.327 449.683 645.764 648.141 LrL'dili)r%'. JilM)uni falling iiliin une Jtar 189.181 197.6 456.583 2.441.677 lob •4.IKIO I ? 58? 364 ?.414.fi77 unrLali4L'd cin In¥L1mLY71s l.il¢ m¥mh¥r% Iuhiriplion lund RislrlllL funds ?.485.556 ..350 95.458 7 330.189 82.858 ? 53? 304 ?.414.077 Th¢s¢ linancial slai¢m¢nls ha¢ IMI pr¢parwJ in ¥danc¢ w.ith th¢ srKri81 pmvisiOn5 r¢lating to small wmp4ni¢5 Ivlthin Pari 15 0l.ihL Compdniis Ail 2(XJ6. Th¢ linancial slat¢m¢nts wrr¢ approva b) Ik Fk)ard orTnl¢ on 10 Jun¢ 20?5 and W¢r¢sIgr on its b¢half by.. Jll¢gJrfJ fvl,-Q_l J. .. Trusiees Mllodges
AI'ON NA'IGA TION TRI-ST IRtgislered No: 00857695 ST.4TEIENT OF C'ASH FLOM'S for th mher 2024 21124 2023 sh fl(bW frnm vi 14 2(K)J53 253.1¢28 Ilow fTh)m inveytin aclivitits PaN'iii¢nt% Iii a¥quirL taiigibll till assets RLL*IPli from sali5 of tsn8ibli fixed asse Pavtnenls iu llL4uire inve51tnents InlL'rLsi rLctii'¢d Dividinds rL'LX'iVLMI 232.231 1 222.645 1 7.3 366 1 8.04Y 366 301 1 14.657 301 217.574 1 207.796 1 t now fTh)m finAn£in detrex
Jh t#yh t
UiIAlem 17.221 46.532 626.010 579.478 rnb r202 008.789 026.OlU C'&s1i Ji bdiik iii iutid hcirt l¥rm d¥Trisil ?18.549 3YO.?40 449.6¥3 17h.127 24 608.789 62(>.010
Al"()N ..1.7(.,1Tj() TRI"ST OTES TO THE FIN.4NC'IAL ST.4TEIIENTS for th mher 2024 ntiThu l Accounlin Policies The principal accouniing w)lics Joptrd in Iht preparat of Iht financial statrments are as follows-. The finLIa1 &ldlemenls knve ien prepared in ac£urdance ii.iih Acwunling and Retx)rting . ChJTilI". Stsfrmenl uf R¢comm¢nded Praciic¢ applicabl¢ 10 chariiies preparing their accounLS in KcordarK¢ i1.ith the Financial Reni17 %iandard appliL4?bli in IhL IIK and RLyublie of Ireland issued in 1019 Icharilies SORP IFRS1021X Ik. Financial RLkK)rting Siiinddrd appliLable in the Uk kepubliL ufireknd {FR51021. the Clkviiies Aa 2011. Ihe Companies ALI 2006 and IIK Cienerall Acc¢pied Accounting Practice. Th¢ Tru51 th¢ d¢finiliun ora publir LrTh¢fii ¢ntiN' und¢r FRS102. fi¢11 stsr¢m¢nts ar¢ prepar¢d un lh¢ going conctm basis under the histori1 cosi conweniion unlw 14.1$¢ swed in th¢ levant accouniing wlici. rnte. Th¢ iumpan}' Is a prival¥' cDJnpanN limi¢¢d bi. ¥uarn. Th¢ wJnp4W)'$ tw¢niaiion ar fwi¢lional curr¢no' is Pound ILrling.'I'hL accounL4 arL' rodXI 10 IhL' nvdrtsi )und. 'rh¢ Lumpan} s f¥¥is1¥d numk'r. 'Bisra oJfic¢ and W¢1paI oific¢ wJdr¢55 li¥id on paBe S. 'I'hi' linJnLial.%lalimLnib k'Ln prL'parLyl a 8OIt)8 cOr¢M b&%i$ 85 1hL'I'ru¢ 11¢¢ Ihai ni) malLri81 uncLytsiniiL's L'¥igl.'I'hL I'ruylLL% hd¥L' LIXIl(kTh I. ILILI of fund hLld IhL eirThttYl I.1 ofinwnk. und l'x11urE li)r l ? mi)nih I'rum iiuihi)ri%in¥ Ihi%L linuniial 51411L'min15."1"hi incoTh and ¥¥dI1r is 5ufficiini wilh ihi lii'il of i)I'ihi' l ¥us1 to k, ubl¥ 11> ntIl), a Boin¥ c1)nc¥. All in¥i)In¥ is r¥%()BniKd gr11. %viih(iul n¥lling off T¥lai¥xl l%)nwiuns. and ini'lslinini inUlTn¥ Jr¥ i(i¥nibL ilhin (lyJ. 'I"wx rlfunds rLK¥iv¢)J undLr Bilk-aiJ ar& ihi inluming 111 whi¥h IhL? .lalL' is fLL'IVLxI. l.L%dllLS arL' fLKOBni%¢'d .hLn IhL'I'rusl tLwmes uniondiiiiinall! LniiilLTrd li? rLXi'iIL IhL'm. lirynl% lir¥ r¥%(l¥nli¥xl Ih¢"fTUSI ha% 11¢1¥I tsi lund¥. ani. jllx.lK OrmarK¥ dIllon ha¥ li is pri>b4ibli thai thi in¢omL will . Ihl anKwni Lan h. nKasurcd rLliJbl%. su.riptions repr¢nI arnounts rcI¥0bk r¢tsting to Ih¢ wcwuniing Frfrd. Tolls 4r¢ rwis¢d wh¢n r¢c¢iv¢d. Mix)rin¥ fLKs. ¢i>nir4KI work. and 0ihLr similar inu>nK arL rLxwixyJ wk'n ihi Trus1 KOmL5 ioniTdiiudllN LniiilLThd lo IhL inLomL'. RLaliscd gains Qt Io55C5 are [Lo8]rLd ii.hen inNcstnnis are 501d and unre41isLThd 8ains or Ioss¢b on inv¢$im¢nts ar¢ r¢co8ni5¢d ihrw8h ih¢ Siaiwn¢ni ofFiDala1 Aai%iti¢5. Expenditure is r&oBnisYd 4Ce there is a le8al OT LX)nsiruthi¥e obli8aiion kn make a pa%meni io a Ihird parti.. li is probJble that 'iilLinLnl i%'ill IK. rLNuired and the anMunl of the obliBatiDn can Ix t%rEd reliabli". l--NFKndilure is clLssified under hLadings Ihal aggr¥gali all c0515 Kla1 10 ihi cw¢w.%. Th. ¢¥clu& iim¢iK maiiYia15 bN' M¥iny5. F.XPLndiiiirL vn lhnbI¥ dliiviiies in¢lude5 all reled 10 mainten impTu%¥meni and regulthion ofihe eniire Avon Navi8ation. Suppurt Lusls ar< Ihub¥ Ihdl 11 th¥ uvrk ufih¥ ihdrih" bul du nul di[11. tePTl £htably LI1111¥S dnd inilude office casts. govemance ci>sls and administratile p. Toll co%t%."The)" are incurred di[111. in suptxirt ot'exFndilure on th¢ objects of lh¢ charity. R¢5varch gxpendilure Is l*ritt¥n off the Sithcmeni uf Findncial Aclilillth irt the ith which it 15 iniurted. Idenlifriahle development exnditre is capitslised kn the extent that the thnical. comJneTciai and financi feisihility can iK" dLYnonsiraied. Iniangibl¢ fix¢d assets amortIs on a straighi line basis oieriheir exrttted useful lii'es and pruvisiun is made fuT art)" imtyaitmerti. The tseful liie5 of inLthyblc &%sets at¥ fulJow5". Wtbsiie 5 l'ears
Al"()N ..1.7(.,1Tj() TRI"ST
16
OTES TO THE FIN.4NC'IAL ST.4TEIIENTS
for th
mher 2024
ntiThu
l Accounlin
Policies
continutd
Tan
iblc fixcd assets
Tangihl¢ fix¢d ar¢ stated ai c1 (Jr valuwinn accumulad ¢k[la110Th aThl accumula impairn)ent
Cos1 InclU(k Cfjsls dirLxilN attribuiablL 10 mak'ing i. aSiLI eapabli of opKYaiing as iniLndL41. tkpreciaiion is pro%'idth on
all I¥7ble lixed dssets. at raies ralculdd to wrile otTEhe cost. Icss esi]ma residu valu< ofeach on a systemdlic
b&sis Otr ils ¢¥ed u£¢tul lil¢ as follo5..
Majur infrtrUL1Ure iJnPTUI¢ttll1S and major planl
MachinLrn' l..quipm¢DI
Workknais Til&
Moiur VLhiLIL
C.'ompLIILr l.'quipm¢ni
? 5(A strai8hE line b&%is
I/0 wwghi lin¢ b&%is
? 5ty/o Slrai8hi linc b&sis
sshI linL bas'is
?5•/0 wwghi line b&%is
50/0 sirnighi linL basis
dotia
1X¥u¥ iinJ duTIUlid 8r¢ r¢cogTri5¢d on ih¢ balanc¢ shc¢r Ind iTrili811i' measw¢d ai puhStxl or if di)nul.d.
IhLir vuluaiiiin. A.4%il% ure bu4U¢nll%. siad ai CO or %.alu100 le% accumulaied derffttiiiin and ac
Al"()N ..1.7(.,1Tj() TRI"ST
OTES TO THE FIN.4NC'IAL ST.4TEIIENTS
for th
mher 2024
ntiThu
l Accounlin
Policies
continutd
IneStments
Th¢ inTre4tmenl% held &f fiK•J have b¢¢n 1¢d at mi&tnarket value at halanc¢ %h¢£t date and ihe g8in or I5
Ln io IhL siaiimLni ot financial aeii% iliLs. Currini assLI inii51minis arl inclitskd in ihi finanLial siaiemenis ai Iheir matk
value dt the Bdlance Sh
Al"()N ..1.7(.,1Tj() TRI"ST OTES TO THE FIN.4NC'IAL ST.4TEIIENTS for th mher 2024 ntiThu 3 Trusleey rcmunertn The ehariry's Trutts w'ere Th)1 paid Th)r eled an). otherknkfiis frm emplo)Thenr wiihin iht Tn1120?3-£nIII. Diiring the Ve £nil reimbursed trus1. 1?02J-£nil}. Derails of pa)Thents made lu reled pthi¢s foT prof¢%siDnal s¢Thic¢q during th¢ i'¢ar 8r¢ shniiTJ in 15 to th¢ financial 4 Atnount id to.4uditor 202&1nde tndcnt Ex4miner 21124 2023 Audiior's fLX IndetK'ndenl Exuminers f¢ 4.500 ?.300 4.500 S Int ibl Fiitd.4 H'¢h%ite Total Lust.. l .lanLlUry ?0?4 Additions 14.625 14.6?5 -1 I Ik,th'mk,r ?024 14.625 14.6?5 AmLinisuiion'. 11.7(K) ('hiir¥¥ liir th¥ yr 31 I,,M.r ?024 14.625 14.675 Nil Bwk ValuL'. 31 Ik.thm'r 2024 31 D¥'¥¥mk'r 2023 ?.9!5 Il•¢hin¢Th W'orkbo•ts rtehukl IrrsITrIre ()tri¢e nd Cost.. l Janiiary ?1124 Addition DISPL)15 316.812 1.I#Y.435 17&129 56¥.Yl I 524.122 34.991 43.352 7.64?.637 232.?31 31 DL'c&mb¢r 2024 310.812 IJ67.564 588.02 559.113 43.352 ? 874.863 l)eprecialian'. l JanLiarJ 20!3 Chdr¥¢ Ivr th¢ l.'liiMintsed di%51 160.055 32.110 3(K).023 23.734 190.530 11.tA7 10.730 3.885 661.338 71.382 31 [kLYMr 2024 192.171 323.757 202.177 14.615 732.720 Nvl BLN)k ValuE". 31 DeLErnbei 2024 316.812 1.175.J93 356.9J6 ?8.737 2.147 143 31 [k.nr 2023 316.81? 1.0?9.380 268.888 333.59? 32.622 1.981.294 No depr¢ciaiion has ken prolded in reskY¢I orrreeh)Id as (he Tt¢S considttihe curreni markei value SubLti1V in ex¢ of cusL The TTUSI hud nvcapilal cuttllnilnMJ15 di 31 202412023.. £NILI.
Al"()N ..1.7(.,1Tj() TRI"ST OTES TO THE FIN.4NC'IAL ST.4TEIIENTS for th mher 2024 ntiThu 2024 202J 7 1]Jveytments Th¢ F.quIt1 Invt4im¢nl Futjd forLhariii¢s123.358 AUmulon Unityi Cosl.. £b.7891?023 £6.4881 Mark¢t valu¢ at l Januar% ?024 DividLmds rLinL8mI unlised ¥41itvilus¥1 inveslJ]nl 7.IM)7 301 6.762 366 Markd value at.31 December 2024 7.6.18 7.007 Trddi dibiors PrL'pJ&IllLTJls und IrrU¢d 22.891 3.?$2 6.048 3.468 ?6.143 9.51 Y I'urrenl.lssti In¥esimenrs hcirt.'ILrm l)LlX)bll 390.?40 176.7.37 'I'rthL' LfL¥dilurs SL)Lltil yilurii) and oth¥r AILruults an(1 dLliYrL%J inconx. Pu%mL'ni% un dLLuunl ()Ih¥r Lr¢diwiTi 21.633 J6.173 29.800 92.940 8.035 45.090 38.375 85.1.10 1.795 197.hg11 ?4.IKIII 'I'rud¥ Crlrb inLlu&' uBgTiBIIIL amounls of£12.(KK)120Y3- E15.(Wl which fall duL aftir fi¥ and arb pavahli b%. uiinual inslalmi'ni%. N() inii'rLl is pavable Iheye amounts. Ai Ilnre%trlcled b'unili 520 2.329.869 1.043.qXb 1 889.063 1 ? 33U.3¥9 I.¢)43.9 l 88g.tKi3 1 1.430 80 330 850 ?.484.706 ?.4115.5Sfy 1.350 Life members SuhscriptiDn bur (Note 121 ?331.8ly l.U43.Y(Kl 1 889.143 K 330 ?.4116.906 Rc5tri¢ted l)avid Iliilching% M<tnorial Fund SWII'T Cilinsion Projixl Nvpiun I..ehar LockhDufe Wh¢¢ly Boat 8.477 7.J84 31.9?2 14.975 20.(XMJ %.477 7.484 31.027 2N.748 19.7?2 895 1 ??7 1 ?78 1 15.0(Ml I 82.8511 I5.0 2.4¢K) I 95,45% ?414.677 I.05& I 891.543 1 330 2,582.364
Al"()N ..1.7(.,1Tj() TRI"ST
20
OTES TO THE FIN.4NC'IAL ST.4TEIIENTS
for th
mher 2024
ntiThu
es uf Ik Reyiricled Funds
David Hulchings M¢tnorial Fund..
This donwM)n is to pro%id¢a m¢ttwia] David Hutcliings.
While Water Proj
Al"()N ..1.7(.,1Tj() TRI"ST OTES TO THE FIN.4NC'IAL ST.4TEIIENTS for th mher 2024 ntiThu l i Related Pa DiscI(Yaure5 The Trusi has a close working relationship Miih The tAN'er Al'on Navi Tft Limitr411'LANfi. The balanc£ owing by LANT al 31 tkcetnLYr 2024 was £nil1202J- £nill. Lynne Young (also k'no &8 LJnn¢ Powtlll is a dirttthr has faiihfulls setied ihe Trust for many %ears. Li'nne also wri, designs pruduLe5 bulletin5 other PubliLl0nS fur the TTUSI. ITIng ccial PR. Durin¥ the r)L1 she direLiUr. .Eh¢ suppli¢d £uch setvic£s io Ih¢"I"rusi amowiting io £Y.04? {l(J? j-£7.Ylll l. Th¢ ii'¢re aL or beller than nDrmal mark valuL and no monits wereowing kn)crClaI PR ai Ihe balantt d8. The of cha5 by Crucial PR relt ts) piibliLil%' tnateTidls. 16 C'om ritiit Amouthi$ for tht StiemebTri of Fith*nti#l.4tlll'iiit$ 'I'hL Illtal lundts %hown lor ?023 in Iht Ststrmeni ot"l.'inanc1 Aaiiiiies ar¢ splii unrestyicknj ar rL'sifiLILxl fiinds tollows.. I nresiri¢ied ReJtri¢ted nds Total bunds l)unutiuns. l¥gaLiis und subsL'riplion5 In651mLni inconK' 25.092 8.415 35.(>(K) 60.092 8.415 MdinKindnLL'. impri)WL'nk'ni and rL'gulaiion of1 Alon Navigation 755.79? 755.792 41.413 41.413 830.712 33.0 805.712 Maini¢nJn¥i. impri)lnI anil rKgulHlioo ofih¢ Alon Navi8g1ion 486.921 920 487.841 upp(>rt ond Bovernrtnce costs 251.187 251.1#7 TutAI tx ndiiurt 738.108 920 739.028 92.6U4 34.D8U 126.6#4 UnlISed(lO55I on invesimeni Mov¢m¢nl in life m¢mb¢rs sub5cripiion fuThJ 410 1 410 1 nt in fundy for th 92.073 34.D8U 126.153 Rcroncilimtivth (Trf fund5 "lolal lund balance% hrou£ht ton?ard at i Januari" 2023 ?.239.746 48.778 2.211X.524 Tutal fund buluthres c#rried forv4ird at 31 Dt(cmbtr 2023 2.331.819 82.858 2.414.677 All illLLTrme expenditure d¢TiV¢ frum cunlinuin¥ 1]i"llIes. "I'he 8tat¢m¢nt ot'finClal actil'ities includes all wns 3nd10sses reci>Bnised in the)rar.
AI'ON YAI'IGATION TRI'ST 22 OILS JO I Tr"IN.4NCIAL T.4T£ItE.%TS 20 C'hrilablt ChAiitsbl¢ Incom tknMtb)n5. l¢¥acKs. 4781 15.¢MX) Tolls (Registra0 ftcsl m(ring rrt 58l.NS $8lJ15 17470 496.?4 17.370 CaNI and RwcrTI 4(KJ ?34.776 }.539 330.539 234.776 Incorn¢ ETreiham Ilidio Rent le¢¢1vat SalrofiiuJl d5A 14.958 8.415 9%7 •8.058 1?.8 8.058 ?5.96b 988.$ 70.89$ 1ffj58. 815ts84 49.8?8 upport C-h4rllAbltr (pii%rrrttht¢ 236.1?4 168.469 401.5 215hJ6 57.783 361.86h 37.783 3.hsh 3.056 15.768 PnTrpertv Illullsi¥em&ntAYxl 3th.934 ?9ffi31 V¢hiil< IinJ 1¢penI¢S 30.750 74.307 74.307 14.$4• (JlTrNL[iifinc¢c1 A¢CnUnWKv4Th1If Rentvfl "r¢1¢phE Prinlin¥. Ilaliontry awj Bunk ¢h#r¥ LiTrnipul¢r ekpetLye WRlcrAnd WA51¢¢dl¢<tion Siiiklr) ex[$ Chai¥cs#nd5ub5¢1iI(rtl H¢4111i S1¢1Y 14.387 7.44M) ?.4 15.4b7 9.2.10 13.880 12.fg)3 14 894 4.5)7 9.45• 3.?55 4.545 404 3.807 Bad ilrbts (2.lY41) ¢X¢S{l1 rnow¢fjl 61S.7V. 275.091 891.463 487.1 7J9.Tr8
AI'ON YAI'IGATION TRI'ST 23 OILS JO I ACCOI'%T l ThrtstrKted Re5trKttd 2013 .4- Ih)n Gordon Giay Tyusi AHths Brinaid Slin. Ch&nLibk FoUnth The %a¢kL¢rTiusl ComTnuniN. Lc¥arvGr3llt- LLKkhL 10.¢Mx) 10.th) 15.rKM) 10.1 15.( 10.ikn) 15.W) 15.( ?.6 D Mansficl While Water- w)¢v DistrKt¢owil 10.(w) 15.[ 10.(wJ (iartield Wesinn Pcltr Hainson Foundati M15cellAIl¢OiisdoilaliOnSAtyJ Siib*npity) 4.594 4.594 15JArf 60.? 71.4 457.0th) 48.769 3.496 IriY4t¢ Crpfi 1256 Wini¢r Iic¢nces t15n8 1cl<s 2.767 3.035 1111Ere51 ¢1vEd (Xhu Iniutment Imime X.P49 366 14958 -%tietLiknm I.k 110e 15.058 25. Major w4)rk5 IIThr l(Kk5 th naTri¥all wotksl Ih.3E6 0.979 30.78? I'iaikrs and rnower5 M1nvl Wurks Iiem