Charity reglstration number 245875
Company registration numbgr 01069860 (England and Wales)
SHROPSHIRE UNION CANAL SOCIETY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

SHROPSHIRE UNION CANAL SOCIETY LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr D J Carter (Chair)
Mr l F H Hendley
Mrs S Ball
Mr S G Clews
Mr R D Feeney
Mr T Fulda
Mr C J H8sketh
Mr P G Tolster
Mrs B Cowie
Mr C A Robertson
(Appointed 29 May 2024)
Secretary
Mrs S Ball
Charity number
245875
Company number
01089860
Registered office
Morris Cook
Bryn Estyn
East street
Llangollen
Denbighshire
LL20 8RB
Independent examlner
Andrew Clarke FCA
Morris Cook
6 Salop Road
Oswestry
Shropshire
SY112NU

SHROPSHIRE UNION CANAL SOCIETY LIMITED
CONTENTS
Page
Trustees, Report report
Independent examiner's report
Statement of financial activities
BalanTr sheet
Notes to the financial statements
8-1g

SHROPSHIRE UNION CANAL SOCIETY LIMITED
TRUSTEES. REPORT REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financlal statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's [governing documenti, the Companies Act 2006 and "Accounling
and Reporting by Charities.. Stat8m8nt of Recommended Practice applicable lo charitl8s pr8paring their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102)" (effective l January 2019).
Objectlves and actlvltles
The Society is committed to ensuring that the Shropshire Union Canal neI￿ork, covering th8 Llangollen and
Montgomery Canals as well as the Shropshire Union Canal itself including the Middlewich Branch, is maintained
and enhanced for the benefit of all users and visitors. We seek to influence and encourage the Canal and River
Trust to direct it5 efforts to the benefit of all users through the maintenance and extension of facilities such as
towpaths, visitor moorings, seats and picnic tables throughout the Shropshire Union Canal network. The Society
has continued to b8 involv8d with and to support a numb8r of sister organisations within our geographical area of
activty.
We are actively commilted to the restoration of the Montgomery Canal with particular interest on the 'Shropshire
Gap. rewatering to reconnect the entire system.
Putsl￿ benefit
The trustees have paid due regard to guidance issued by the Charity Commission in d8ciding what activities the
charity should undertake.
Achievements and performance
SignifKant activities and achievements against objectives
SUCS restoration works have been focused on the Crickheath South project, extending the watered C￿nn81 from
Crickheath Bridge to the renewed Schoolhouse Bridge and to restore Crickheath Wh8rf itself. Progress is excellent
despite the weather difficulties. More detail of what restoration has been achieved can be found on our website
shro
shireunion.or
.uklcate
Iworknart
with regular postings published throughout social media.
The programme of wider ranging activities including organising walks and tours of the lengths of the Montgomery
Canal continues whilst the maintenance and enhancement works in the Ellesmere area are being d8V81oped further.
These latter activities, improving the local environment and carried out in conjunction with the Canal and River Trust
suit members who wish to volunteer but seek lighter activity than the heavier restoration work. They also reflect the
growing need for voluntary assistance to support CRT who face an increasing18v81 of d8mand from an aging asset
and increased visitor numbers together falling income. The Society would be delighted to extend its activities farther
to include more of the Shropshire Union system and welcomes approaches from individuals or groups for projects in
their local area.

SHROPSHIRE UNION CANAL SOCIETY LIMITED
TRUSTEES. REPORT REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financial review
Overall, the Society has had a positive year financially. The great majority of funds are deposited in accounts paying
SO￿ plus, although there was a 1.8 /0 decline in the capital value of Charifund.
For 2023124 the funding support both for restoratlon and enhancement works has been obtained from a variety of
sources, intemal, CRT, together with third-paty grants and donations. The Society has been an active participant in
the Restore group of canal centred organisations, whose primary focus with the opening of Schoolhouse Bridge has
now switched to funding work on the canal channel from Crickheath to Llanymynech. The group gave considerable
support to the CRT application for Rural Prosperity Funding, resulting in a grant of £250k, for 375m of restoration.
This grant, held and administered by CRT includes a commitment for 300kn match funding payable in early 2025, of
which £37.5k is from SUCS, continuing our policy of using our reserves to leverage funding from elsewhere.
The Society thanks all contributors to funding our activities throughout the year, wilh grants from Peoples Postcode
Lottery, Association of Industrial Archeology, Tesco and The Co Op together with several considerable donations
and legacies including an on going contribution from Monty's Brewery
This y8ar the Society's accounts show a surplus of £40,380.
However the future funding outlook is more challenging, in an austere climate with funders focusiro on social issues
including deprivation, discrimination and exploitation.
The memorandum gives the trustees pow8rs to invest or deal in th8 funds of the Society, not immediately requir8d
for its purposes, in such manner as in the discretion ofthe Society may be determined.
Reserves
The Operating Reserve created in 2012 to cover 2 years activity has been reviewed to include changes to both the
Society's activities and costs. This designation is in addition to such reserves as they consider necessary to meet
forthcomlng obligations and commitments..
Capitsl Projects
Society Operating Costs
Training
Total Reserve:
£31,000
£ 8,000
£44,000
Inveslments
The charty operates a low risk investment policy to safeguard its cash holdings. Council has decided to exit the M&
G Charifund at an advantageous market point.
Risks
The Trustees have identified the major risks to which the Charity is exposed. A formal Health and Safety Policy
document has been approved. The risks and policy are regularly reviewed and action taken to mitigate exposure
and revise the policy. In addition, the Trustees are careful to provide adequate insurance cover for both public and
employees (volunteers} liabilities.
Grants
Grants are only made towards projects on the Shropshire Union System of Canals as specified in the Articles of
Association. The Trustees generally seek to make grants to generate further funding, whether this is to release
funds available from other agencies or as an incentive to encourage grants from other sources.
Rgs&rves policy
It is the policy of th8 charity Ihat unr8Stricted funds which have not been designated for a specific use should be
maintsined at a level in excess of 12 months expenditure. The trustees consider that reserves at this level will
ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities
while consideration is given to ways in which addits-onal funds may be raised. This level of reserves has been
maintained throughout the year.

SHROPSHIRE UNION CANAL SOCIETY LIMITED
TRUSTEES, REPORT REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure. governance and management
The charity is controlled by its governing document, a memorandum of agreement and articles of association and
constitLrtes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The Society is registered as a Charity no. 245875 and is a company limited by guarantee, registered in England and
Wales number 1069860. The governing document is a memorandum and articles of association., all attribLrtable
activities of the Society are approved by a Council whose members ITrustees}, listed at item 1 above, are identified
by their interest, life and career skills. They are appointed by nomination at the A.G.M., or can be co-opted by
Council during the year and their initial introduction utilises the Charities Commission leaflet CC3. Where
appropriate, specialist training (Skill A￿reditatiOn, Health and Safety, First Aid) is provided for those taking part in
Society activities.
The registered office is located with our Accountants.. Bryn Eslyn, East Street. Llangollen, LL20 8RG.
The Charity's bankers are the National Westminster Bank plc.
The bulk of the society's funds are held with The CCLA Investment Management Limited The COIF Charities
Deposit Fund and M&G's Equities Investment Fund for Charities - Charifund and United Trust Bank Base Rate
tracker.
The trustees. who are also the directors for the purpose of company law, and who served during theyear and up to
the date of signature of the financial statements were-
Mr D J Carter {Chair)
Mr l F H Hendley
Mrs S Ball
Mr S G Clews
Mr R D Feen8y
Mr T Fulda
Mr C J Hesketh
Mr P G Tolster
Mrs B Cowie
Mr C A Robertson
(Appointed 29 May 2024)
ReGwitment and appointment of trustees
The company's current policy concerning the payment of trade creditors is to follow the CBI'S Prorrpt Payers Code
(copies are available frorn the CBI, Centre Point, 103 New Oxford Street, London WC1 A 1 DU).
The company's current policy concerning the payment of trade creditors is to..
settle the terms of payment with suppliers when agreeing the terms of each transaction.,
• ensure that suppliers are made aware of the terms of payment by indusion of the relevant terms in contracts.,
and
pay in accordance with the company's contractual and other legal obligations.
Trade creditors of the company at the year end were equivalent to 13 day's purchases, based on the average daily
amount invoiced by suppliers during the year.
The Trustees, report report was approved by the Board of Trustees.
Mr C A Robertson
30 July 2024

SHROPSHIRE UNION CANAL SOCIETY LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SHROPSHIRE UNION CANAL SOCIETY LIMITED
I report to the trustees on my examination of the financial statements of Shropshire Union Canal Society Limited
(the charity) for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the
preparation of the financial statements in accordance with the requirements of Ihe Companies Act 20C6 (the 2006
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's
financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my
examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b)
of the 2011 Act.
Independent examlnerfs statement
I hav8 completed my examination. I confirm that no matters have come to my attention in connection wlth the
examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 386 of Ihe 2008 Act., or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination., or
the financial statements have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK arKI
Republic of Ireland {FRS 102).
I have no concems and have come across no other matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Andrew Clarke FCA
Morris Cook
6 Salop Road
Oswestry
Shropshi
SY112NU
Dated.. 17 September 2024

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SHROPSHIRE UNION CANAL SOCIETY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
16
17
191
87,356
88,981
87,547
88,981
Current assets
Debtors
Cash at bank and in hand
18
14,690
248,487
1,868
219,279
263,177
221,147
Creditors: amounts falllng due within
one year
19
{2,556)
(2,340)
Net current assets
260,621
218,807
Total assets less current Ilabllltles
348,168
307,788
Creditors: amounts falllng due after
more than one year
20
{11,300)
{11.300)
Net assets
336,868
296.488
The funds of the charlty
Restricted income funds
Unrestricted funds - general
Unrestricted funds- designated
21
23
22
164,370
65,998
106,500
33,870
61,618
201.000
336,868
296,488
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Ad 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial ststements were approved by the trustees on 30 July 2024
Mr C A Robertson
Company registration number 01069860 (England and Wales)

SHROPSHIRE UNION CANAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
Charlty information
Shropshire Union Canal Society Limited is a private company limited by guarantee incorporated in England
and Wales. The registered office is Morris Cook, Bryn Estyn, East Street, Llangollen, Denbighshire, LL20 8RB.
1.1 Accounting conventlon
The financial statements have been prepared in accordance with the charitys Igoverning document], the
Companies Act 20￿, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland" {°FRS 102.) and the Charities SORP "Accounting and Reporting by Charities.. Statement ol
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effectlV8 1 January 2019). The
charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statanent of
Cash Flow8.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existen￿ for the foreseeable futur8. Thus the trLtstees
continue to adopt the going concem basis of accounting in prep8ring the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the r8Stricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any perfomance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribLrtion,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
Grants are accounted for on an accruals basis.
Annual subscriptions are recognised when received.
Life Membership subscriptions received are carried forward and the income is recognised in the staement of
financial activities upon the death of the member.

SHROPSHIRE UNION CANAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued)
1.5 Expendlture
Expenditure is recognised once there is a legal or Gonstructive obligation to transfer economic benefit to a
third paty, it is probable that a transfer of economic benefits will be required in setuement, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of dIr￿t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributab18 to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment
but not accrued as expenditure,
1.6 Tanglble flxed assets
Tangible fixed ass8ts are initially measured at cost and subsequently measured at Cost or valuation, net of
depreciation and any impairment losses.
Depreciation is r8cognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Plant and equipment
200k on cost
The gain or loss arising on the disposal of an asset is detemiined as the difference be￿een the sale proceeds
and the carrying value of th8 asset, and is recognised in the statement of financial activities.
1.7 Flxed asset Investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel{expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impairn*nt of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffer8d an impairment loss. If any such indrAtion
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-temi liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within bO￿owing8 in current liabilities.
1.10 Flnanclal Instruments
The charity has elected to apply the provisions of S8Ction 11 'Basic Financial Instruments. and Section 12
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instwment.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.

SHROPSHIRE UNION CANAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continued)
Baslc financial 8ssets
Basic financial assets, which include debtors and cash and bank balances, are Initially measured at
transaction pri￿ including transaction costs and are subsequently carried at amortised cost using the effective
interest m8thod unless the arrangement constitutes a financing transacb"on, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial Ilabllltles
Basic financi81 liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable
within on8 year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations *rom suppliers. Amounts payable are classified as current liabilities if payment Is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's Contractual obligations expire or are discharged or
cantslled.
1.11 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
Critical accountlng estlmates and Judgem8nts
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where th8 revision affects cnly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
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SHROPSHIRE UNION CANAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable activities
Unrestricted Un restricted
funds
funds
2024
2023
Charitable trading
Sale of goods
52,163
Incorne from other tradlng actlvities
Unrestrlcted Unrestricted
funds
funds
designated designated
2024
2023
Fundraising events
Cuttings-Advertising
Sales of used stamps
Recycling
68
842
225
18
842
791
70
Other trading activities
1,153
1,703
Income from investments
Unrestricted Unrestrfcted
funds
funds
designated designated
2024
2023
Income from listed investments
Interest receivable
5,159
6,317
7,166
11,476
7,166
12-

SHROPSHIRE UNION CANAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expenditure on raising funds
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Fundralslng and publlclty
Advertising
Other fundraising costs
58
104
80
60
182
140
Trading costs
other trading activities
3,982
4,194
Total costs
4,124
4,334
13-

SHROPSHIRE UNION CANAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expendlture on charitable activities
Charitable
trading
2024
CharfLible
tradlng
2023
Dlrect costs
Depreciation and impairm8nt
Construction machine hire
Other machine hire
Construction Materials
Restoration small consumables
Toi181 Hire
Fuel for machines
Enhancement costs
other welfare costs
PPE
Input VAT reclaimed
69
10,647
240
31,588
803
1,430
1,113
271
2,418
301
(2,433)
46,447
Grant funding of activities {see note 9)
75,332
Share of support and governance costs {see note 10)
Support
Govemance
10.722
11,973
2,320
2,340
69,142
79.992
Analysls by fund
Unrestricted funds - general
Restricted funds
69,142
24,311
55,681
69,142
79,992
Grants payable
Charltsble
trading
2023
Grants to institutions..
Crickheath HLF Phase
Travel Expenses
Crickheath South
55,681
8,652
10,999
75,332
14-

SHROPSHIRE UNION CANAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Support costs allocated to activities
2024
2023
Plant maintenance
Bank charges
Insurance
Volunteer training
Post and stationery
Society general expenses
Sage fees
Repairs and renewals
Govemance costs
305
45
2.321
6,132
69
133
234
1,483
11,973
90
60
566
1,570
2,340
22,e95
4,660
Anatysed between:
Charitable trading
22,695
4,660
11 Net movement In funds
2024
2023
The net movement in funds is stated after chargingl(crediting)-
Depreciation of owned tsngible fixed assets
69
12 Trust888
None of the trustees (or any persons connected with Ihem) received any remuneration or beneffts from the
charity during the year.
During the y8ar 6 trustees were reimbursed for travel at a total of £Nil (2023, £4,063) and no trustee was
reimbursed for General Expenses (2023. none).
13 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Total
There were no employees whose annual remuneration was more than £60,000.
15-

SHROPSHIRE UNION CANAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Gains and losses on investments
Unrestrlcted Unrestricted
fund5
funds
designated designated
2024
2023
Galnsl(losses} arising on..
Revaluation of investments
(1,625)
(5.792)
16 Taxation
The charity is exempt from taxation Dn its activities because all its income is applied for charitable purposes.
16 Tangible fixed assets
Plant and
equipment
Cost
At 1 Aprll 2023
Additions
12,427
260
At 31 March 2024
12,687
Depreciation and Impalrment
At 1 April 2023
Depreciation charged in the year
12,427
69
At 31 March 2024
12,496
Carrying amount
At 31 March 2024
191
17 Fixed asset investments
Llsted
investments
Cost or valuatlon
At 1 April 2023
Valuation changes
88,981
{1,625}
At 31 March 2024
87,356
Carrying amount
At 31 March 2024
87,356
At 31 March 2023
88,981
16-

SHROPSHIRE UNION CANAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Fixed asset investments
(Continued
Original cost of investment in the 31 March 2021 year was £80,000.
18 Debtors
2024
2023
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
14,690
710
1,158
14,690
1,868
19 Creditors: amounts falllng due wlthln one year
2024
2023
Other creditors
Accruals and deferred income
56
2,500
2,340
2,556
2,340
20 Creditors: amounts falling due after more than one year
2024
2023
Other creditors
11,300
11,300
21 Restrlcted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 Aprll
2023
Incomlng
resources
Resources
expended
Transfers At 31 March
2024
33,870
13,159
117,341
164,370
Prevlous year.
At 1 Aprfl
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
32.370
57,181
(55,681)
33,870
17-

SHROPSHIRE UNION CANAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
22 Unrestricted funds - designated
These are unrestricted funds which are materi81 to the charlty's activities.
At 1 April
2023
Incoming
resources
Transfers
Gains and At 31 March
losses
2024
201,000
12,629
(105,504}
(1,625)
106,500
Previous year:
At 1 Aprfl
2022
Incoming
resources
Transfers
Galns and At 31 March
losses
2023
176,000
30,792
(5,792)
201,000
23 Unrestrfcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2023
Incomlng
resources
Resources
expended
Transfers At 31 March
2024
General funds
61,618
89,483
(73,266)
(11,837)
65,998
Prevlous year..
At 1 Aprll
2022
Incoming
resources
Resources
expended
Transfers At 31 March
2023
General funds
51,609
38,654
(28,645)
61,618
24 Analysis of net assets between funds
Unrestrlcted Unre8trict8d
funds
funds
general deslgnated
2024
2024
Restrlcted
funds
Total
2024
2024
At 31 March 2024:
Tangible asseis
Investments
Current assetsl(liabilitiesl
Long temi liabilities
191
191
87,356
260,621
(11,300)
87,356
19,144
77,107
(11,300)
164,370
65,998
106,500
164,370
338,868
18-

SHROPSHIRE UNION CANAL SOCIETY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
24 Analysls of net assets between funds
IContinu8dl
Unrestricted Unrestrlcted
funds
funds
general deslgnated
2023
2023
Restrlcted
funds
Total
2023
2023
At 31 March 2023:
Investments
Current assetsl(liabilities)
Long term liabilities
54,996
17,922
(11,300)
33,985
167,015
88,981
218,807
(11,300)
33.870
61,618
201.000
33,870
296,488
25 Capital commitments
Amounts contracted for but not provided in the financial statements..
Designated funds represent funds set aside for the Society's operating reserve, future Montgomery Canal
reserve and other Society expenditure-
2024
2023
Authorised but not contracted for.
Crickh8ath South
Operating Reserve (see Page 2)
Authorised and contraded for:
Crickheath South
Canal & River Trust match funding
132,000
44,000
44,000
25,000
25,000
Totals:
106,500
201,000
Restricted Funds comprise the unexpended elements of grants and donations received for specific
purposes c forward against future expenditur8=
2024
2023
Authorised but not contracted for.
Crickheath South
132,000
Montgomery Slipway (Powys CC)
2,500
J Faulkner Legacy (Montgomery Canal) 29,870
Oswestry Rural Parish Council
(Crickheath Towpath)
Totals:
2.500
29,870
1,500
33,870
164370
26 Related party transactions
There were no disclosable related paty transactions during the year (2023 - none).
19-