2022-03-31-accounts - The Cotswold Canals Trust

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				Page
Reference and Administrative		Details ofthe Charity, Its Trustees	and Advisem
Trustees' Report				2-10
Independent Auditors'	Report	on the Financial Statements		11-14
Statement of Financial	Activities			15
Balance Sheet				16-17
Notes to the Financial	Statements			18-38

REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE DETAILS OFTHE	ADMINISTRATIVE DETAILS OFTHE	ADMINISTRATIVE DETAILS OFTHE	ADMINISTRATIVE DETAILS OFTHE	ADMINISTRATIVE DETAILS OFTHE	CHARITY, ITSTRUSTEES AND ADVISERS	CHARITY, ITSTRUSTEES AND ADVISERS	CHARITY, ITSTRUSTEES AND ADVISERS
			FOR THE YEAR ENDED				31 MARCH 2022
Trustees			Jim White, Chair 8 Engineering				Director
			John Newton, Vice Chair			&Project		Director
			Alan Jones, Vice-Chair		&Western			Division		Construction
			Matthew Lee, Treasurer
			Kenneth Burgin, Director
			Nicholas Rowson,	Environment			Director
			Reginald Gregory,	Maintenance			Director / Western Depot Manager
			Laurence Bryant,	Health		&Safety
			John Allan, Development			Eastern		Thames		&Severn
			David Higgs, Legal Trustee
			Stephen Pickover,	Procurement
			Sardaruddin Khan,	Director (appointed					2 February 2022)
			Robert Ambury (resigned			2 August		2021)
			Andrew Binstead (resigned 6October 2021)
Company	registered
number			01207787
Charity registered
number			269721
Registered		office	Bell House
			Wallbridge
			Stroud
			Gloucestershire
			GL5 3JS
Company	secretary		Lisa Mant
Independent		auditors	Randall & Payne LLP
			Shurdington Road
			Shurdington
			Cheltenham
			Gloucestershire
			GL51 4GA
Bankers			Barclays Bank
			18Southgate Street
			Gloucester
			Gloucestershire
			GL1 2DH

			Restricted	Unrestricted	Total	Tote/
			funds	funds	funds	funds
			2022	2022	2022	2021
		Note	6	6	6
Income from:
Donations, grants and legacies		2	231,330	751,358	982,688	600,152
Investments		3		110,029	110,029	29,162
Other trading activities		4		109,631	109,631	81,098
Total income			231,330	971,018	1,202,348	710,412
Expenditure on:
Raising funds				19,607	19,607	16,421
Charitable activities			153,891	332,422	486,313	3,120,goe
Total expenditure			163,891	352,029	505,920	3,137,329
Net income/(expenditure)			77,439	618,989	696,428	(2,425,917)
Transfers between	funds	16	(12,337)	12,337
Net movement in	funds		65,102	631,326	696,428	(2,426,917)
Reconciliation of	funds:
Total funds brought	forward		270,834	532,327	803,161	3,230,077
Net movement in funds			65,102	631,326	696,428	(2,426, 917)
Total funds carried forward			335,936	1,163,653	1,499,589	803,150

			BALANCE SHEET	BALANCE SHEET
			AS AT 31 MARCH 2022
					2022		2021
			Note		6
Fixed assets
Tangible assets			11		166,077		178,098
Investments			12		1		1
					166,078		178,097
Current assets
Debtors			13	392,666		95,084
Cash at bank and in hand				972,884		545,OS8
				1,365,560		641,132
Creditors: amounts	falling due within one
year			14	(32,037)		(15,058)
Net current assets					1,333,613		625,064
Total assets less current liabilities					1,499,591		803,151
Net assets excluding		pension asset			1,499,591		803,161
Total net assets					1,499,591		803,181
Charity funds
Restricted funds			16		335,936		270,834
Unrestricted funds			16		1,163,655		532,327
Total funds					1,499,591		803,181

				Restricted	Unrestricted	Total
				funds	funds	funds
				2022	2022	2022
				f	6
	Donations			231,330	121,836	353,166
	Legacies				571,975	571,975
	Memberships				57,547	57,547
				231,330	751,358	982,688
				Restnctec	Unrestricted	Total
				funds	funds	funds
				2021	2021	2021
					5
	Donations				20,000	20,000
	Legacies			51,249	18,922	70,171
	Grants			255,600	176,060	431,660
	Furlough	grants			20,101	20,101
	Subscriptions				58,220	58,220
				306,849	293,303	600,152
3.	Income from charitable		activities
					Unrestricted	Total
					funds	funds
					2022	2022
					6	f
	Dividends				110,000	110,000
	Interest received				29	29
					110,029	110,029

			Unrestricted	Totai
			funds	funds
			2021	2021
			8	f
Dividends			27,959	27,959
Interest received			1,203	1,203
			29,162	29,162
Income from other trading		activities
Income from non charitable		trading activities
			Unrestricted	Total
			funds	funds
			2022	2022
			6
Lottery income			14,054	14,064
Other income			34,603	34,603
Staff recharges			50,635	60,635
Advertising,	talks and events		10,339	10,339
			109,631	109,631
			Unrestricted	Total
			funds	funds
			2021	2021
				f
Lottery income			12,099	12,099
Other income			9,700	9,700
Staff recharges			51,745	51,745
Advertising,	talks and events		7,554	7,554
			81,098	81,098

		Unrestricted	Total
		funds	funds
		2022	2022
		6
Lottery income		14,054	14,064
Other income		34,603	34,603
Staff recharges		50,635	60,635
Advertising,	talks and events	10,339	10,339
		109,631	109,631

		Unrestricted	Total
		funds	funds
		2022	2022
		6
Lottery Prizes		5,160	5,160
Advertising	and promotions	14,447	14,447
		19,607	19,607

		Unrestricted	Total
		funds	funds
		2021	2021
		8	8
Prizes and	costs	4,800	4,800
Other costs		(35)	(35)
Advertising	and promotions	11,656	11,656
		16,421	16,421

		Grants to	Total
		Institutions	funds
		2022f	2022 E
Stroud Valleys Canals Company		36,000	36,000
		Grants to	Total
		Institutions	funds
		2021 6	2021f
Cotswold Canals Connected		200,000	200,000
Gloucestershire	County Council	2,577,196	2,577,196
Stroud Valleys Canals Company		43,550	43,550
		2,820,746	2,820,746

		Activities	Grant
		undertaken	funding of	Support	Total
		directly	activities	costs	funds
		2022	2022	2022	2022
		6	6	6
Phase 1B		150,297			160,297
Restoration	and maintenance	50,338		233,714	284,052
Grants to Stroud Valleys Canals Company			36,000		36,000
Western Depot refurbishment		15,964			16,964
		216,599	36,000	233,714	486,313

		Activities	Grant
		undertaken	funding of	Support	Totai
		directly	activities	costs	funds
		2021f	2021	2021	2021
Phase 1B		8,816	200,000		208,816
Restoration	and maintenance	69,104		222,242	291,346
A38 Project			2,577,196		2,577,196
Grants to Stroud Valleys Canals Company			43,550		43,550
		77,920	2,820, 746	222,242	3,120,908

		Support	Total
		Costs	funds
		2022	2022
		8
Staff costs (Note 9)		97,174	97,174
Office rent and	rates	44,877	44,877
Light and heat		4,887	4,887
Vehicle expenses		10,455	10,455
Insurance		12,210	12,210
Training, health	and safety	13,594	13,594
Travelling		506	506
Office costs		15,392	15,392
Advertising		649	649
50th Anniversary		14,023	14,023
Telephone		135	135
Legal and professional		13	13
Repairs and renewals		11,546	11,546
Bank charges		519	519
Governance costs		7,734	7,734
		233,714	233,714

Analysis ofsupport costs (continued)
	Support	Torsi
	Costs	funds
	2021	2021
	f
Staff costs (Note 9)	136,472	136,472
Office rent and rates	36,027	36,027
Light and heat	5,319	5,319
Vehicle expenses	5,369	5,369
Insurance	11,797	11,797
Training, health and safety	2,468	2,468
Office costs	6,992	6,992
Telephone	349	349
Legal and professional	3,017	3,017
Building maintenance	5,047	5,047
Bank charges	207	207
Governance costs	9,178	9,178
	222 242	222,242

Auditors' remuneration
				2022f	2021
Fees payable to the charity's	auditor	for the audit ofthe charity's	annual
accounts				6,300	6,300
Fees payable to the charity's	auditor	in respect of:
Other services				1,000	2,735
AGM expenses				71	145

Staff costs
			2022 6	2021f
Wages and	salaries		90,807	127,390
Social security costs			3,649	6,558
Contribution	to defined contribution	pension schemes	2,718	2,524
			97,174	136,472

2022	2021
No.	No.

	Freehold	Plant and	Motor	Office
	Lend f.	machineryf	vehicles F.	equipment 6	Boatsf	Total 5
Cost or' vslustlon
At I April 2021	32,6S6	143,980	42,130	24,34$	212,982	468,026
Addlgona		10,668	12,336	2,248		26,242
At 31 March 2022	$2,686	164,638	64,466	26,897	212,882	481,268
De pma tati on
At 1 Aprg 2021	230	131,111	23,949	20,458	102,182	277,930
Charge forthe year		8,886	12,294	2,261	1$,860	37,281
At 31 March 2022	230	139,977	35,243	22,709	116,0$2	316,191
Net book value
At 31 March 2022	32,366	14,861	18,222	3,889	98,960	166,077
AI31 March 2021	32386	12,869	18,181	3,800	110,800	178,096

			NOTES TO THE FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 MARCH 2022
12.	Investments
					Investmenl
					in
					subsidiary
					(Cotswold
					Canals Trust
					(Trading)
					Limited
					f
	Cost or valuation
	At 31 March 2022
	Net book value
	At 31 March 2022
	At 31March 2021
13.	Debtors
				2022f	2021
	Due within one year
	Trade debtors			14,570	21,898
	Amounts owed by group undertakings			21,665	29,374
	Other debtors			342,484	32,105
	Prepayments	and accrued income		13,957	12,687
				392,666	96,064
14.	Creditors: Amounts		falling due within one year
				2022	2021
					f
	Trade creditors			18,267	5,727
	Pension fund	payable		527
	Other creditors			3,283	381
	Accruals and	deferred	income	9,960	9,960

Creditors	: Amounts fallin	g due within one ye	ar (continued)
				2022	2021
				8	f
				32,037	16,068
Financial	instruments
				2022	2021
				8	f
Financial	assets
Financial	assets measured	at fair value through	income and expenditure	972,884	545,068

Statement offunds
Statement offunds		- current	year
							Balance at
			Balance at 1			'Transfers	31 March
			April 2021	Income	Expenditure	in/out	2022
					6	6
Unrestricted funds
Designated funds
Tangible fixed assets			178,096			(12,018)	166,078
General fund reserve			100,000				100,000
Restoration fund			60,525	51,983	(4,705)		107,803
Peter Snelson legacy			13,245		(15,963)	2,718
Golden Trow Appeal				62,337			62,337
Future projects				518,230	(2,881)	(2,718)	512,631
			351,866	632,550	(23,549)	(12,018)	948,848
Generalfunds
General Funds			180,461	338,469	(328,479)	24,355	214,807
			180,461	338,469	(328,479)	24,355	214,807
Total Unrestricted		funds	532,327	971,019	(352,028)	12,337	1,163,655
Restricted funds
Whitminster Lock			71,888				71,888
Bonds Mill			25,000				25,000
Nineveh Trust			4,000				4,000
Inglesham Lock			2,810				2,810
Fencing at Tunnel House			1,719				1,719
RF 1BRestoration	Fund		133,021	31,223	(150,298)		13,946
RF CRM Project			10,460		(2,054)		8,406
RF Trip Boat			5,706		(1,639)		4,167
RF Stacey re Eisey			4,000				4,000
Entrust			12,230	107		(12,337)
Robinson Lock				200,000			200,000

State	ment offunds -c	urrent year (continued)
						Balance at
		Balance at 1			Transfers	31 March
		April 2021	Income	Expenditure	In/out	2022
		8		5	5	f.
		270,834	231,330	(153,891)	(12,337)	335,936
Total	offunds	803,161	1,202,349	(506,919)		1,499,591

Statement offunds (continued)	Statement offunds (continued)
Statement offunds - prior year
						Belence ai
		Balance at			Transfers	31March
		1 April 2020	Income	Expenditure 6	in/out f	2021
Unrestricted funds
Designated funds
Tangible fixed assets		177,753		(33,060)	33,403	178,096
General reserve fund		40,000			60,000	100,000
Restoration		16,972	68,100	(24,547)		60,525
Peter Selson Legacy		50,000	1,500	(27,995)	(10,260)	13,245
		284,725	69,600	(85,602)	83,143	351,866
General funds
General funds		175,521	328,434	(262,803)	(60,691)	180,461
Total Unrestricted	funds	460,246	398,034	(348,405)	22,452	532,327
Restricted funds
Whitminster Lock		71,888				71,888
Bonds Mill		25,000				25,000
Nineveh Trust		4,000				4,000
Inglesham Lock		2,810				2,810
Fencing at Tunnel House		1,719				1,719
RF 1BRestoration	Fund	40,604	296,232	(208,817)	5,002	133,021
RF Trip Boat		4,679	1,146	(119)		5,706
RF Stacey re Eisey		4,000				4,000
Landing stages		1,868			(1,868)
A38		2,577,196		(2,577,196)
Entrust		32,934		(2,764)	(17,940)	12,230
Footpath Signage		3,134			(3,134)
Haddon Donation -	CRM		15,000	(28)	(4,512)	10,460
		2,769,832	312,378	(2,788,924)	(22,452)	270,834

Summary	offunds - cur	rent year
						Balance at
		Balance at 1			Transfers	31 March
		April 2021 6	Income	Expenditure E	In/outf	2022
Designated	funds	351,866	632,550	(23,549)	(12,018)	948,848
General funds		180,461	338,469	(328,479)	24,355	214,807
Restricted	funds	270,834	231,330	(163,891)	(12,337)	335,936
		803,161	1,202,349	(505,919)		1,499,591

Summary	offunds - prio	r year	April
							Balance ai
			Balance at			Transfers	31March
		1	202	Income	Expenditure	in/out	2021
						8
Designated	funds		284,725	69,600	(85,602)	83,143	351,866
General funds			175,521	328,434	(262,803)	(60,691)	180,461
Restricted	funds		2,769,832	312,378	(2,788,924)	(22,452)	270,834
			3,230,078	710,412	(3,137,329)		803,161

Analysis	of net assets between funds -curre	nt year
		Restricted	Unrestricted	Total
		funds	funds	funds
		2022	2022	2022
		f.	6	6
Tangible	fixed assets		166,077	166,077
Trade investments			1	1
Current assets		335,936	1,029,615	1,365,550
Creditors	due within one year		(32,037)	(32,037)
Total		335,936	1,163,655	1,499,591

Analysis of net assets between funds - prior	year
	Restri ctec	Unrestnctad	Total
	funds	funds	funds
	2021	2021	2021
Tangible fixed assets		178,096	178,096
Trade investments		1	1
Current assets	270,834	370,298	641,132
Creditors due within one year		(16,068)	(16,068)
	270,834	532,327	803,161

			2022
			6
Not later than		1 year	13,470
Later than	1 year and not later than 5years		27,966
			41,436