REGJSfERED COfvIPAfiY YUMBER.. 010698611 (FttglaTrd and Wales) REGisfERED CHARITY NLMBER: 245875 REPORT OF THE TR . UNAIIDITED Fll%AliCIAL sfATEMENTS R ThE YEAR ENDED 31 . FOR SHROPSUIRE UNION CAN 41 ch1[¢ S¢reg¢ TF9 IPH
SHROPSHIRE UNION CANAL SOCIETY LIMITED co.YrENTS OV THE FITh Af4CIAL SfATIIMEPYS FOR T Pg¢ Report ofthtTruste¢y I to 3 Independent knminer's Report ststthent of FIDm¢ll Atllvltk8 Balanee Shttt 6 to 7 Notrj to the Slxtwllmts 8 to 14 Detalied Ststement of FINaDcial Acknit 15 tt> 16
REPORT OF THE TRusfEFS R THE YEAR ICFMED 31 MARCH 2022 11)¢ truytees who aye also dirtorS of the chlty for the purym of the clES Act 2Q)6. their report with the fmhncia] stateentS of the cknrty for thc Y ended 31 March 2(122. The tsustees have adopted the provision8 of Accoutttin8 and Reporting by Charilics: Slaf¢tDcllt of Rttommended PtBctice applicable w clwities wepwing their aecounts in accordance with the FiJJatt¢ial Rwting Stslldtrd applicable ill the UK and R¢pubii¢ of Irelaud (FRS 102) {¢tTe1ve l Jaowry 2019). SlgnifKant #ctfvltleg The kniety is ¢ommitt¢d ¢0 that th¢ UDiOn C4J)al n¢iwrt ¢OVttll)g the Llangollen and M¢mtgomery Cattals &8 w611 as thv Shrop5bir¢ UDion Card itself includg the Mi&llewicb BraDch, 15 maintaiti¢d and eithancod for the b$fil of all users And visitofs. We scek to iufiu¢nrK atKI CUGOthe Colla] and Rivff Trtt0 dtrect its efforts to the benefit of all wers through the matlltenatv and exts1On of fwililies such a5 Visitor mooritigs, seats alld pi¢ui¢ table5 throughout the s10p5hire Union ca network Thc &Kiety h&8 CODtillued to involv¢d with and to support a numbcr of sister organis&ions within ow geogrnphical area of aGtivtty. whe planning our activiti for th¢ year. wc rotisider the Charity comm10.98ida[t on tb]icbeefil W¢ are acthv¢ly ¢ommitt¢d to the r¢storation of the Mowmoy Canal 8nd w¢ Tnain fo¢used on the l¢llgth of the canal between PryceB Brid8e and Crickneath Bridg& The present known the Crickheath HLF Phase, been undeThvdy for 4 ycars with testored attd ¢omplded 5¢¢tio at IM)th ¢nds of thc lffjth. Aitbough pled to be complet by th¢ end of 2021. the CONryd-19 palldemic h&% forced att &xtension of projrft to the ¢nd of 2022 and ow PaGti¢al contnThlltion in thc shape of * restoration wwk parti to rcstorc the chauncl cO]JtknS. More d¢tsil of whot restordtion has bccn achiEVra0 be f{jE)d wcb5it&Thi¥wJhrop5hir¢wEion.or&uklc4tegoryAworkparty with regular suippets also ttow published thr8 gla1 media. We look frn¥aTd kn the eXte0son of the oavigabl¢ Mon¢gotn C8tJal beyond GrOnWe to Cri¢kheath. PlaDning and initial w to restore the ¢aDal south of Crickheath Bridge ultimly far &8 School HDU8¢ Bridge have progressed in pll¢l with the CtKkheath HLF ProjecL A survey #nd wd evalu&tion work have b¢¢n undtttaken and aD approach th the resti)ratiott of Cri¢kheath Ivharf •le to ix)th Canal and River TNst heritage and engineerlljg Sla]iSts b¢ agree4J. A lic¢llc¢ coVlg m05t of thc Sitc IS beell grdllted by Natt&1 Bngla]Ml for Grethr cled Newts a]tIKugh sotoe rfologi¢ai wotk ren1a1. This has allowed iti1ti ¢05t ¢stitnat¢s to be pr¢par¢d Iiith a vi¢w to starting restoration work in the first qu8rter of 2023. This move away from a Canal and River Thmallag projcd highlights a growing TKd for major fiDMkning activity ia the kn terlll to &void illyactin8 th¢ tEmpo of 5ttIOn on the Mont8omery. For this yearthe knis forthe Soci$ *)mot fuj)g tyG]o I rethi{ desLTibod for th¢1&# 4 Ye.. with t start of thr Critkheath HLF Ph&Ye for the Montgomery CAnal, restoraÉi(x) £4)5ts are met by the project thrnugh Cwwl and River Trust SO OUT work partics virtually >s[ neutral. Agwnst this Society granted £60.IMM) to the Canal ond River Trust as parf of the fiIng forthe proje¢L Neverth¢l¢ss donttiow from membets andthe genera] public rcmain an llnporlant ¢omponmt of th¢ ov¢Yail fimding of th¢ So¢i¢ty togethv with oth¢r activities and we thatlk all who have contributed ovcrthc w fi[11 ye4r. This y¢Ar th¢ Soci¢ty$ cOLEnts 88alli slK)wa healthy of £24,919 which illclud&5 a 8ratefithy r¢¢¢iv¢d grt fro]n th¢ Lcul Postuth Whenthe revaluation of inv&stment is incl the surplus ri to £31,356 Page I
SHROPSHtRE UNION CANAL SOCIETY LtMtrLfD REPORT OFTIIE T IfOR THK YEAR KNDED 31 MARCH 22 FINANCIAL REVIEW Ittvestment policy and obje¢titr'eg The enrandu gives th¢ trust rrt)WC to illvtst ordeal in the fi]nd8 of the knicty, immediately required for its purpiises, ih) such maDLer &s ill the discreSiM of the Society Jray d¢(taty1. Re5ervcs Th¢ OpeTaling Reserve creatrd Tll 2012 10 0)w 2 y¢4[3 aLivity ha8 ir•] rrvi¢wd to tDclude chattgth to iKJth the Socictys activiti¢3 and costs. This desi8nation is ID litIon to Swh erVeS they ¢onsidtt neswy to tlleet fOrthcolg obligations and comrniljncnts: Capital pmjeGts £ 31,IJKI SoGiety Dperatllig costs £ 8.IMXJ TtxiThing £ 5,000 Total Reserv¢: £ 44.IXXI Investments Th6 charity oFvatBs a low ri8k investmeDt 11¢Y to saf¢gutrd its ¢h holdi Risks The Truste h&v¢ id¢niified thc major risks to Which Ihe Cjwity is A fornjal Health and Safety Policy documettt has been approvd. The risk5 policy are regul8Ay r¢vi¢wed aJKI aclion taken to rnitigate eX}sure and revise th¢ policy. additi the Th]stees are rar¢ful to w)vid¢ quate i]Jsuw¢¢ ¢over for both public and tnploy¢¢s {volunteers} liabiliti. Grnnts are onty Dde towards pYoj¢¢ts oll the Shryhire unlo SM of Canals . &s Sified iu th¢ knicles of A880ciation. Th¢ Trust¢¢s germlly seek to mak¢ gtants to 8te fisrthw fiuKltug, whether this is to release funds srRucfuRQ GOVKRNANCE Afl) MANACEMENT GoYernTDg doeumeht The charity is controlled by its govming deed of trusL and o)nstitsJta¥ a limited ci)ttJP8Dy, limiteii by 8uarante4 as defi11 by th¢ compa Act 2LKI6. Org4ntsalloDo1 itruetllre Th¢ Soci¢ty is regist a Ciwity t. 245875 and 18 a compny limit1 by 8ugrante4 re in EDglaDd and Walcs numb¢r 1069860. The governing dLunKttt 1$ atld llrti¢les of aw¢latio all attributable activitt6S of th¢ Society are appm¥¢d by a Cw¢il mctnbet5 (Trus*w}, listed at it l abov¢, are id¢ntifi¢d by their intorest, life care¢r skills. They are appointed by UOllLitiatiOll at the A.G.M.. or Gan b¢ COt¢d by CthLDcii duting the Y and their initial intriNknoll utiiisss Cbarities Con13510 leafjet CC3. Where appropriate. SpLa]ist trall)ing (Skill ACCIltatiO Health and Safety, First Aid) is PTovid¢d for those tsking rArt ill Society a¢tiYiti¥. ThE registernl offi¢¢ is I{atr4 with our Acrwjlwts: B3io 41 ¢Shi StreeE M8rtet Drayton Swtre TF9 IPH. Th¢ ChaTity$ baDkers are the NatioNI W¢stinintr BaDk pk HSBC. The bulk of the societys fimd8 ate held with Tr CCiA Inv¢slment Limited. Th¢ COIF ChaTitie5 Deposit Fund alld M&G8 Equitie5 Inv¢slln¢nt Fund for Cktitie5. cPri. Ri8k m8llaEemeDt The Iru5tr¢$ haye a thity fo idenfify ad retri¢w the risks to vALith the charity is exposed and to ensure appropriate ¢olltrL)is are in place to provid¢ r¢wn8bl¢ wurdnce against fixud and ¢rror. REFERENCF. AND ADhf[NJSllTllVE DETAIIS Registcrcd CompAny number 010698d> IEn8lalld alld Waks)
24587$ 41 ¢he8bir¢ IYJC4tter R T AIIBW(k%8lRtyl. 9,322) (wDtht16322} THuB(¢s11]5,l22l) P ARl¢hards P Gfol&t¢r RDFeelle¥ TFW. &t2z) S QC]eN¥{WA)iZLl22j sMPRknw(nIth13t.II2j AllLtrrwvfi1814wtstrA" 41 (¥vhiÈ MIPH
qDKPE DEYL r F,XAMLYER'S K#PORT TO THE TRUSTE SE[RoPSHll UNIO NAL SOCIETY LIMrrED OF rodeptndeDt exmlh¢r's report to tbe tr•$ ofshrnp5hire Canl Society e¢hc ConLpany') I r¢port to the ¢harity tnL8fLu on my eXaIllit of the a¢¢0ts of th Cowy for the ycar Mded 31 tnh 2022. Reswbnslbilitleq and lJasLsvf r¢port A$ the charills trte£S of th¢ Compglly (atyl also its dir10[5 forthe purposes of compauy law) you are responsible for the prepatationofthe ?lnts in ac¢wdw with the requir¢4neDts of the Cowies A¢t (Ibe 2006 Art?. Havijjg tisfied myself that th¢ accounts of the ComlY are not requird trj audid urder Part 16 of th 2006 Act and are eligibl¢ for ind¢rKndellt exam1llthio I tEp)rt in resped of Y ¢xamiDthon of your charitys &¢¢ounts carried ollt undcr s¢¢tion 145 of the Charities A¢t 2011 ethe 2011 Acf). In WyiDg out my ewnittatiun J haye followd the Dire¢tioJJs giveu by the Charity Cwmi¢)ll uth settion 145{5) (b) of th¢20II Act. Indepelldent ¢xaminer'5 5tateoe&t I baye completed my exalnitoll. I confirtu that no mattus hav¢ come to my attelltion ilk ¢omx¢Aiott with tho examilI)n giving m¢ believ¢: acGountingrec4)td5 not kqrt tll respt 0ftheC4NP 88 reqvrd by 5rftion 386 ofth¢ 2006 Ac( or the accountsdo llot acc¢)rdwith th056 r. or the accounts do not cowly with th¢ ac)tiO8 Tquxrthllwts of %(4ion 396 of tTr¢e 2006 Act otEw thall ony requirement th8tth¢ aollDts a true Atsd f8irviEwwhwh is not a ¢4>n8idued a5 of$D itide1dent the %counts bave llot be¢n tryared ID wilh the 8nd priAciples of the Statsment of Recommended Praetirx aOllting aad Y¢wtsD8 by dwitic6 (applicabl6 to charities prcptring their a¢unts In acran¢t with the Reporting Standard appliLzbl¢ in the UK aodRepublic of Ir¢l&nd (FRS 102)). Andr¢w Wi]sb&w FCA cfA Bartingtolls Limited 41 Cheshu¢ Stre Shropshi TF9 IPH 2210712022
SHROPSlItRE uf410N CAN srATEMETrIT OF FINANCIAL AcrivrtIES CORPORATLYG AN INCOIIE AND EXPENDITURE ACCOU FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 fid$ fjJnLts INCOME AND ENDOWMEIYTS FROM Donativn$ and legacies 23274 53.769 77.043 64,399 ChArltable 8Ctfvlties Grnnts paid 13.335 13.335 Other traditig È¢tiviti¢y Invatsnent incom¢ 3.081 3.081 1.952 1.033 Tot81 44236 $3.769 98,005 67,384 EXPENDITURE ON liaisiDg fimds 4,784 4.784 3,783 Ch*rtt8ble activitles Grants paid Cri¢kheath HLF Ph Crickheath South 11375 44,146 11227 1,324 53.769 64.996 1,324 1,982 1,896 Total 19317 53.769 73.086 622lX) NET INCOME 24.919 24.919 5,184 Other reeognnwj gaillsl(Its) Gains oll maiuation of awts 6.437 6,437 8.336 Ne¢ movement in fun 31,356 31.356 13.520 RECX)NCILIATION OF FUNDS Totsl funds brougbt forward 196253 32J70 228.623 215.103 227,009 32,370 259,979 228,623
SHROPSHIRE LNION C CIETY LItIED BALryCE SHEEr 31 MARCH 2022 2022 2021 Totsl fid& No¢¢s FIXED ASSETS 94,773 88,336 CURRYNT A&SETS Debtors C&th at knk 5,498 142,015 5,498 174J85 2,622 149.576 32,370 147.513 32.370 179,883 152,198 CREDITORS Amounts falling du¢ within one y 10 (5.137) (5.137) (2.571) NET CLRIIENf A&gErs 141376 32.370 174,746 149.627 LtABILrtIES 237,149 32.370 269J19 237,963 CRKDITORS (9.540) (9540) (9,340) NET A&SETS 227.009 32.370 259,979 228,623 l2 General fimd D&siwta Fuj 51,609 176,OlJO 70.253 126,000 227.609 196253 R&%tricted fimds 31370 32.370 TOTAL FUNDS 259,979 228,623 The charitable co]npany is wtitl&l to exeffjption from audit uDd¢r 477 of the Cowies Act 2006 for the year ended 31 Mar¢h2022. 31 March 2022 in ordanCe with Se£¢i<n 476 of th¢COMpa Art 2Crf)6. The ttvstee5 acknowl* th¢r r¢4IbIlItis for (a) twing the charitabk ¢OEUWy keeps accoullti records ¢hat Comply with Sections 386 alld 387 of the Compallies Art 20 ajkl (b) preparing finauchal statemtllts wbEch gi a tNe and fairview of th¢ 5tstE of affairs of the Charitable compgny as at the &)d of Ch fillaD¢ial y¢ar and of its surplus or deficit for each fmancial year ill a¢¢ordan¢¢ with the requirements of S¢rtioD$ 394 and 395 and othmvis¢ comply with the rryuiremetjts of the Comp1¢5 Act relating to tcial statemeJrt4 far as appli¢4ble the chari¢abk compaDy. Pag¢ 6
OrsHll tMON CAN NOTLS TO T FINANCIAL sfATEMKNrs FOR YEAR KNDED 31 CH2022 ACCOUNTING POLICIES Ba9b ofprytyng tb¢ fjnatsdal 5ts¢¢ments The fmaTL¢ial 5tatm¢nts of the cbaritabl¢ CfrfDpany, is a public FKfit under FRS 102, have been prepatrd in a¢¢ordance with the Chariti65 SOHP (fRS Iir2) Accw)tiD8 ond B£portDig by Chariti&%.' Statement of Eie¢omm¢nded Practice applicabk to chdri¢iLS p1tparll th6ir accounts in e0r&all¢£ with the fiiD8nci Reportmg Stsadard wli4Able in th¢ UK glld Republi¢ of lrt18nd (FRS l(r21 (effertiyè l Jajuary 2019),. Financial Reportiug Staudard 102 Thc FiD&llCi81 Rew)iting app]ic4ble the UK and Rq)ubli¢ of Iretalld, a1 the CoD]Fallies A¢t 211)6. The fiDanGiAJ 8tatell hftve EXll wepara der the historical cost COVentIOn. with the ex¢eOion of inT8¢ents wbicb are includ atmgthr valuc. as modified by th¢ revaluatiL of c¢rtgin &83¢L%. Incomkng resour¢ All 1Coming r&8ources illGhthd oll the Statemt of FInCIal Activtiies th¢ is lety eDtitled to the Incon and the aLOll1 can b¢ qualltified with rea50D2ble a¢cuta¢y. Rov¢nue Re<01110- Life Memb¢tsbtp Sulis¢riptions.' SukniptioDs re£¢ived r¢st*d of lif¢ mthbip art Cale f0Th and Grants Re¢¢ivabl¢.' GThts we acc{X[ed for on an aTUal b1 Il¢sollrceJ e4>eDded related to the catwy. Wh¢re ¢0rt8 ¢aDllrt dirrftly attri to headiDgs they have b¢erL allocatC41 Allo¢atlon oppTrrllonmeM¢ ofv)sts T#Dgible tlxed Dewrfiation is pmvid¢d at the followti18 rnt¢s in to write off ¢a¢h &8set over Ats e8tiThted useful life. Platlt and Dwbinery T&tiO The tharity is exetttprt from GortK)r&iontsX on itsclwithle activkti Fwid UDre8tricttyl finds callbe used in accordznLY Witbthe th&itabl¢ objgXi7rt5 at the disortiollof the trust. Rtricted fil5 w ordy b6 ysed for p&rti¢ular restriCtpU[pOsry$ withill the objects of the charity. iiestrictioiis arise wh¢rL spccified by th¢ donor fi]tNls at¢ raisd forparticu]aT r¢striGted pwp0S. Further expiwttonofthe Datsf¢ 8lldpWN¢ of ea¢b fUd is included irtthe trjotrs to thc finwcial stffttsmetsts. P¢8 contiDued...
NOTFSTO THE Fll4LYCIAL STATEMENIS- contiDMed FOR THE YEAR ENDED 31 MARCH 21122 2022 2021 Fundraising ¢Yents Sale of stamr6 CuttiDg3. advrrti5ing R¢-¢y¢littg 175 1254 148 85 1.014 28 3,081 1,952 2022 2021 Interest rtcefvabie. traditig 4,546 1,033 RAISING IIJNDS Ratslng donatlon$ amd i¢g•¢k• 20T2 2021 FwJdrai$illg CuttiDgs. printllw & pJstagE Support cl5 35 3.748 4.026 758 4.784 3.783 TRUSTEES, REMUNERATiof4 BENKms 31 March 2W21. Trust¢es' expenses During th¢ year 5 Inthes w&$ reimFAused fw travel at a total of £4,423 (2021. £3,745) and M trusle¢ w r¢imburs&l forGeneral ExpeLses12021. r). COMPARATIVFS FOR THE STATEhfENT OF FINANCIAL ACmqTIES u[estricted Restricted fimds Total INCOME AND ENtx>WKErS FROM Dothations and legaci 26,955 37.444 64,399 Other trading a¢tiviti¢s Inv¢stsn¢nt incom¢ 1,952 ,033 1.952 l.033 37.444 67.384 ExPENDURE ON Rai8iDg futML8 3,783 3.783 Cknrit4ble •¢tlvltleJ Grdnts paid Crickheath HLF Plth 11375 37.444 12,375 44,146 6,702
SHROPSHIRE UNtor4 CANAL SOCIETY LIMITED NOTES TO TIIB FIPIANC VOR THE YEAR ENDED31 MARCH 21ll2 COMPARATIVFS FOR THE sfATEMENfoF FLNANCLIL Acfivi'i'iics. COe Untestricted Restricted fijnd Totsl 1,896 Total 12,381 49,819 62,200 NET INCOMEI(EXPEf4DITURE) 17,559 (12,375) 5,184 Other rtt•gDi4ed gF4in510(wes) Gaitts on revdluation of fixed &wts 8336 8J36 Net movement ID funds 25.895 (12375) 13520 REcof4CILIATION OFFIJNDS Total fuDds brought forw*rd 170,358 44.745 215.103 TOTAL FUNIK8 CARlitF.D FORWARD 196W3 3U70 228,623 TANGIBLK FIXED A&8ETS Plaut and COST At l April 21Y21 ard 31 Marth2022 12,427 DEPRECIATION A¢ l April 2021 atml 31 March 2tr22 12,427 NKT VALUE At 31 Marth 2022 At 31 March 2021 U19t¢d iIIV¢8ttnents MARKET VALUE At l April 2021 Revaluatio 88,336 6,437 At 31 March 2022 94,773 NET BOOK VALUE At 31 March 21J22 94,773 At3l ma2021 88,336 Poge 10 coDtittued...
ANCIAL sfATEMwrs. FOR THE YEAR FNDKD 31 MAR FIXED INVLSTMKNYS. eiiDliTrued Cost orvaluation at 31 March 2022 is rewes¢ntsJ ty. UD]isted Valuation ID 2022 94.773 If fixed &%set illvesttnents Dot been r¢v8lw4J th¢ywouidl¥v¢ in¢lu&JJat the followinghistori¢al cost.. 2022 2021 Cost 80,000 80,000 FvKed ai*t illyE8tmts Valu on an Dwk¢¢ basi$4)th 3I March 2022 by Inves1m. Orinal c05t of investrwit inthe 31 March 21r21 year £80.000 DEFfoRS: AMOUNfs FALLING DUK wrrHIN ONE YEAR 2022 2021 Othcr debtors PrnpaymEAts alld aCCrd inc4)me 2,539 254 5.498 2,622 Ith CREDITORS.. AMouf4TS FAILING DUE wifHIli O.YE YEAR 2022 2021 3,037 2.1(M) 1,071 1,500 AccnllL8 and (kferted InwrnE 5.137 2,571 CREDTfoRS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2022 2021 9,340 ntlnued...
SHROPSHIRE UNION CANAL)ctTy LIMtTED NOTES TO THE FINANCIAL sfATEM FOR AR ENDED 31 MARCH2022 -coDtiDued 11 MOVEMETrrr IN FUNJXS Net movenient At 31.3.22 At 1.421 Unrtstrleted fmnds General fid 70253 (18,644) 50,IM)O 51.609 176,(MlO 196253 31 J56 227,609 Restrlthd Restricted Fund 32J70 32,370 TOTAL VUNDS 228.623 31.356 259,979 Net moYeJn¢ntiD inclth ID the abov¢ xe follows: GaiDs atyj Moyetllent ill filllds Unr¢strlcted f•nd¥ GM¢ral fjJDd 673 43.563 (19,3171 (18,644) 50,000 6,437 44236 (19Jl7) 6,437 31,356 Re5trided funds R¢8tricted Fund 53,769 {53.769) T(YTAL FUNDS 98.LKJ5 (73.086) 6.437 31.356 C¢)mparative8 for movement Ill funds Net mOvt At 31.321 At 1.4.20 Uttrestricted Gen¢rni fill DJgted Fund 46J58 124,OCM) 23.895 70253 126,000 170.358 25,895 196,253 RtrIcted funds Re%tricted Fund 44,745 (12,375) 32.370 TOTAL FUNDS 215,103 13,520 228.623 Page 12 eontiuued...
SHROPSHtRK U.YION CANALSOCIETY LIMED NOTES TO THE F FOR THE YEAR E L StATEMENTS. ¢ontlD FJI 31 MARCH 2 11 MOVEMEPIT IN FUNDS- k>&Yes ID funds Unrestrleted funds General fund De5igDal&l Fuud (11381) 8336 23,895 2.000 29.940 (12,381) 8J36 25,895 Rw¢rictsd funds 37.444 (49.819) (12,375) 67J84 {622(K)) 8,336 13,520 A cumntyear 12 and priory¢ 12 MODCOmbinlItlo is frTriknvs'. N¢t At 31.3.22 At 1.4.20 in fw)ds UDTestricted G¢y]ernl thttd 46358 124,OOD 5251 52,IXM) 51,609 176,000 170,358 57251 227,609 Rtstrk¢¢d 44.745 (12J75) 32.370 215.103 44,876 259.979 A CUTrent year 12 mojth alld prilx year 12 MbIned movan¢nt in iKtuded in above aTe as follows: Gal and Movettient Unr¢strirt¢d funds GcDcrai fi]nd Ik5igtiated Fund 28.613 45.563 (31.698) &336 6.437 5251 52,0(KJ 74.176 (31.698) 14.773 57,251 Restricte41 fulld$ R65trICt FUT 91213 {103588) {12,37S) TOTAL FUNDS 165.389 {135286) 14.773 44,876 Pwlj
SHROPSHIRE UNION CANAL sociyry LIMITED .NOTES TO THE FINAIYCIALSTATKMEY FOR TH NDED 31 MARCH 21U2 Dtinued The Designated Trund r¢pro8ents finhjs set &side for the So¢i¢ty$ owatillg res¢rve, the Montgonwy C4Dal R¢sratiOn and otherapproved So¢i¢ty co[Drrits: 2022 2021 Authorised but not contt tr. CriGkh¢ath Futur¢ R&%toTatio Crickheath South OF¢rating K¢serye (see Page 3) 82,IHM) 118,000 Authoriscd & Contr8¢11 f(r. CTickh¢ath South I4,(MMI Totals.. 176,¢MMI 126,000 R¢stri¢ted blmds comprise the elem1 of graots a1 donlltls wived for specific proje¢ts caled 2022 2021 Athoris&l but not eontract¢d for. Montgomery Slipway {Po*ys <V J Fau]kThr Lega¢y IMont8Otnery c School How Bridge Furwj 2,500 29,870 1511) 29.870 32J70 32,370 14 RELATED PARTY DISCLOSURES There were no reiat¢d pary forth¢y¢ar¢nded 31 m¢b 2022. IS LITIMATE coKfROLLtNG PARTY The Cornpany is wlled by the Cowwil Mantr. NoiThlivith]al ptyc4)ntro15 the £ompaDy. P88¢ 14
SHROPSHIRE UNIOY CANAL Soc[y IT TEP*1T oir FINNCIAL AcfiviTILS R THR YF.AR F.NDED 31 MAR 2022 2021 INCOME ENDOWMEiirs Donations And Iy¢l¢s 13283 4.076 5.915 53.769 16231 4,929 5.795 37,444 Gtft aid Subscriptions Donations- Crickheath HtF 77.043 64,399 Other trndiTrgattfvitlt Fw)drni$ing ev¢llts Sale of used stsmps Cuttings- adv¢rtAsing 1504 175 1,254 148 825 85 1.014 28 3,081 1.952 InVestmet incom¢ Int¢r¢5t rtiVabl¢- 1,033 Charitsbie attfvltl 13.355 Totsl Ineoming rr•)urctJ 98,005 67.384 K#lslng doTratlODS gnd iegacle8 F0raIsing Cut(ings. prithting & postag¢ 35 3,748 4.026 3.783 Charitable activi15&5 Platst maint¢n¢ Grdnts paid Crickhcath HLF Phsse T]uv¢l ¢xpv]s¢s Crickheath south 490 298 12J75 37,444 6,4( 53.889 10,617 .324 66.320 56,521 Sllpport toyts CovernaRce eosts l67 71 19 257 165 Volunteer tsining Postathd ststionery 165 Thi5 p4g¢ dorf )wt forn) part of the 5tstutory fman¢ial stste4llents Pw15
OPSHIR& UNION CkNAL SOCIETY LllTED DETAILED ATElENT OF F NCIAL AcrtvIitFs THE YEAR K ED 31 MARCH 2022 2022 2021 Governance coyts Brought fon¥ard Advertisillg So¢i¢ty gcncal ¢xpen AccoLtrY chwg¢s 257 758 210 1S(M) 15 165 231 1,500 2,740 1,896 Total resourS ¢xp¢nd 73.086 62.2(K) N¢t incom¢ 24,919 5,184 Page l6