THE MONTGOMERY WATERWAY RESTORATION TRUST
COMPANY NUMBER 1508017
REGISTERED CHAIUTY NUMBER 510448
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31" OCTOBER 2020

THE MONTGOMERY WATERWAY RESTORATION TRUST
INDEX TO THE ACCOUNTS
Company Inforniation
Trusi Committee Report
Consolidated Balance Sheet
Consolidated Stalemeni of Financial Activities
Notes to the Accounts
Montgomery Waterway Restoration Tn￿t".
Balancc Sheet
Statement of Financial Activities
Friends ot. the Montgomery Canal:
Balance Shc
Statement ot'Financial Activities
10
The Montgomery Triathlon..
Balance Sheet
Statement of Financial Activities
12
13
Independent Examiner's Report
14

THE MONTGOMERY WATERWAY RESTORATION TRUST
COMPANY INFORMATION
TRUSTEES
Chaimian
M.S.Limbrey MBE
Vice-chaitrnan
Mrs Y.L Holyoak
Secretary
R.A.Dewey
Treasurer
N.S.G.B05t(Kk DL. FCA
Other Trustecs
D.J.P.Famier
MTS C.E. Palin
C. Bu5hnell
M.A. Handford
REGISTERED OFFICE
Talbut House
11-15 Market Street
Shrewsbury
Shropshire
SYI ILG
BANKERS
HSBC plc
The Cr05S
Oswestry
Shropshire
SYII 2SR

THE MONTGOMERY WATERWAY RESTORATION TRUST
TRUST COMMITTEE REPORT
31# OCTOBER 2020
The Trust Committee preseni their report and financial slalements for the year ended
31" October 2019.
Princi
l Activi
ICh8ritAble Ob ectlves
The principal activity of the Company in the year was promoting th¢ restoration to
good and navigable order and condition of the Monlgomery am) of the Shropshtre
Union Canat running trom We15h Frankton Tn the county of Shropshirc to Newtown
in the county of Powys and any branch¢s ther￿f. for the use and benefit of the public.
Following the launch of an appeal l&st year to ￿nd the reinstalement of Schoolhouse
Bridge, Crickheath. over £300,000 has been raised in donations and promiscs. This is
Ihe last public road bridge blockage in Shropshirc. and work began in 2020 with
completion in 2021. This will continu¢ the reslor&tion of the canal beyond the
National Lottery Heritagc Fund £4 million projccl to rcopcn a fijrther 2 mil¢s of cwial
from Maesbury to Crickhcaih. Planning is in progtyes5 for th¢ restoration of the
remaining 2 mile dry 5ectton in Shropshirc to connecl with the c&nal in wgter on the
Welsh border al LlanJThyneLh. Meanwhile, the Trusi continues lo organise a
¥omprehensive programme of community events and activities. A notable event is the
annual Triathlon along the eniirc canal which is organised by Th¢ Friends of Ihc
Montgomery Canal, an organization of local people atTiliated lo the Trust. though this
was not hcld in 2020 due lo the Covid 19 pandemic.
In dcciding what a¢livities lo undertak¢. the Trustees have paid due regard lo the
Charity Commission guidancc on public benefit. .
Reserves Polic
The reserves in unrestricted funds will ￿ Maintain￿ lo cover a minimum of two
years aclivily. Thi5 designalion is in addition to such rescrves. including those in
restricted fimds, as the Trustees consider n￿Sary to med forthcoming obligations
and commitments.
Safe
uardin
Policies and Procedures
The various policies and statements that apply to membcrship 8nd volunteering with
the Trust are in place and are reviewed annually. Th&￿e encompass health & saf￿Y,
equal opportunities, equality and diversity, the environm¢nL education & trdinin& and
youns persons & vulnerable adult pn)teoion.

Directors
The Dirertors of the Company are defined as the Tn￿teeS (see company infotmation).
None of the Tn￿teeS have any beneficial interest in the Company.
Small Com
an
Exem
tion
This report is prq)ared in ac￿rdanCe with the special provisions relatin8 lo small
companies within Part I S of the companies Aci 2006. The T￿￿teeS consider that an
audit is not rcquired for this year under s￿l0n 43 (2) of the Charities Act 1993, but
that an independent examination is needed.
Approved by the Board of Tn￿tee$ and signed on their behalf:
M S Limbrey
Chairman
l March
2021

THE MOKfGOMERY WATERWAY RESTORATION TRUST
CONSOLIDATED
BALANCE SHEET AS AT 31st OCTOBER 2020
Note
2020
2019
FIX￿ Assets
Tangible Fixed Assets
4.286
2,221
Current Assets:
Stock and work in progress
Debtors and Prepayments
Bank balances
CUr￿n1 Account
Deposit AC￿Unt
Cash in hand
35.884
10,875
23
13,552
52,041
324.847
71,564
154.570
31
239.740
423.686
Current Liabilities..
Creditors..
Amounts falling duè wthin
one year
-11.267
Nel Current Assets
412.419
239,631
Total N•t Asset•
£416.705
£241,852
Repros•nt•d by:
Restricted Funds
Unrestricted Funds
398.778
19,927
£416.705
on unaudlt•d Accounts
222,181
19.671
£241,852
Dlr•ct
Stat•m
In w8parin9 thè$0 F￿nar￿￿ 51atements'.
For the year ènding 31110120 the company was entth to exempt¥)n under section 477 of tho
Companies Acl 2006 relating ¢0 smdl companies.
No members have ￿QuIred the company lo obtain an audrt of its xcaxjnts for the year in
questlon In acc¢x¢ance wllh Se￿lOn 476 of the Compan￿5 Aci 2U￿*.
The direclors acknovAedge their responsibn￿leS for Compj￿ng %wth the requirements of I
Act with res￿¢1 lo accounting records and for the ￿paratiOn of accounts.
Tho Financi81 Slalements ￿re app￿Ved by the Board of Trustees on 1 March 2021.
M.S. Limbrey
Chairrnan
N.s.G.BoSt￿k
Treasurer
The notes on pages 6 10 7 form part of th8se ffinancial ststements.

THE MONTGOMERY WATERWAY RESTORATIOII TRUST
CONSOLIDATED
STATEMENT OF FINANCIAL ACTtVlTIES FOR THE YEAR ENDED 31st OCTOBER 2020
unrestrict￿ Restricted 2020
FundB
Funds
Total
2019
Total
Incoming Resources
Voluntary Income
Membership yubscriptKJns
Donations
Gift AKJ - Inland Revenue
1,871
1.717
512
1.871
1.891
178,992 180,709 1 D8,626
8.550
9,062
13,176
Incoming Resources from Charitable A¢tTVrti8s
and Fundraising
1.512
Other Incorn•
Bank inlefest
276
276
191
Total In¢omlng R￿QUre•S
5,534
187,896 193,430
132,972
Rwourcm Exp•nd•d
Cosi$ of 9?￿ratIng funds
Goods for sale
Charitable 6xpendilure
Publiclly
Support costs
101
101
1.377
2,K11
28
1.405
14.170 17.071
33,240
Total R•8our¢M Expènd•d
4,278
14,299 18,577
36,792
N•t In¢omlng RMourc•s
1,256
173,597 174,853
96,180
Total Funds bought forward
19,671
222,181 241,852 145.672
Trnngf•r to Ro•trb¢t•d Fund•
Total Fund8 carrlod fonY•rd
£19.927 £396,778 £416,705 £241,852

THE MoiYfGOMERY WATERWAY RESTORATION TRUST
Notes forming part of the Consolidated Fingncial Statements for the year ended
31. October 2020
l. Aecountlng Policies
In prcpuring these financial siaiements:
For the year ended 31 October 2020 Ihc company was entitled to exemption
from audit under seclion 477 Companies Act 2006. No member of the
company has deposited a notice, pursuant to section 476, requiring an audit of
Ihese financial 5tat¢menis under ihe requirements of the Companies Act 2006.
The trustees acknowledge thcir responsibilities for ensuring that the company
keeps accounling rccords which comply with section 386 of the Act and for
preparing financial statements which give a true and fair view of the state of
affairs of the ¢ompany as ai the end of the financial year and of its profil or
loss for the financial year in accordance with Ihe requirements of sections 394
and 395 and which otherwise ￿mplY with ihe requirements of the Companies
A¥1 2006 relating to aLcounis, so far as applicable to the Company.
These financial siaiements have been prepareA in acwrdance with pmvi8inns
appIl￿bIC lo companie5 subje¢l lo the small companies regime within Pan 15
uf the Companies Act 2006. with the Financial Rqx)rting Standard for Smaller
Enterprises (effectivc April 2008). and with Thc Accounting and Reporting by
Charities - Sialemeni of Recommended Practice (SORP 2005).
b)
The acLounts incorporate the results of Montgomery Canal Reconstruction Ltd, a
wholly owned subsidiary company fornjed on 30 May 2018, and Th¢ Friends of the
Montgomery Canal, a branch of the company sel up in December 2001 as a
membership sechon.
2. Sh8re Capltal
The company is incorporated as a company limited by guarantee and does not have a
wholly owned Share Capital. The liability ofLa¥li Iiiwiibrr ib fixul a( ￿ amuunt not
to exceed £1.
3. Tallgiblc Fixed Assets
Tangible fixed asscts costing more than £5(K) were capitalised as at l Novernber
2009 and included al Lost Icss d￿r￿latIOn at IOO/o p¢r annurn on cost. Additions since
are treaied on the same basis.

THE MONTGOMERY WATERWAY RESTORATION TRUST
Not•s formlng part of the Consolldat•d Financial Stat•m•nts for the yoar to 31st OCto￿r 2020.
3 Icontl
Cost
At 1st NoveiTib¥r 2019
Addrtions
At 31st October 2020
8.112
2.600
31,312
Doprociatlon
Al 151 November 2019
Charge for year
Al 31 $1 October 2020
6.491
535
7,026
Not Book Valu•
Al 315l October 2020
4,286
Al 31 sl October 2019
2,221
4 Stock and Twork In progr08•
2020
2019
Slo¢k$ of proMot￿nal goods fty ￿$èIe
Work in progress.. Schoolhousè Bridge
72
35,812
35,884
23
23
5 D•btors
2020
2019
Tax ReCOvera￿e
Gift Aid recoverable
A¢¢rued income and prepaymgnls
1,726
8.622
527
1,171
11,869
512
10,875
13,552
2020
2019
6 Crgdltors.. amounts falllng du• within on• year
Other credit¢ys
Accruals
8.030
3,237
97
12
11,267
109
7 R•striCt￿ funds
These represent funds commrtte(I lo restoralin of the Montgomeryshire Canal.

THE MONTGOMERY WATERWAY RESTORATION TRUST
BALANCE SHEEf AS AT 31st OCTOBER 2020
2020
2019
Flxed Atssets:
Equipment
Cost
Depreciation
Net Book Value
Investment
Montgomery Canal Reconstruction Ltd
100 £1 Shares
Loan
257
-257
257
-257
79.400
79.500
34.400
34,500
Curr•nt AMet8
Debtors
Bank balances
8,441
12.178
Current Accounts
Deposit Accounts
25,493
324.847
48,551
154.570
3S8.781
21 of,299
Crodltor•'.
Amount falling vllhin one yeaT.
Montgomery Canal Reconslructk*n Ltd
-122
-1.188
-1,310
357,471
.12
N8t Currant Assets
215.287
Total Net Assets
£436.971
£249,787
R•prn8•nt•d by:
Restricted Funds
Unrestricted Funds
436.094
877
£436.971
249,419
£249,787

MONTGOMERY WATERWAY RESTORATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st OCTOBER 2020
Unrestricted Rostrlcted
Funds
Funds
2020
Total
2019
Total
Incoming Resourc8S
Voiunlary Income
Dortalions
178,992
179,074
108,470
12.799
24
227
Grft Aid
Charitable Aclhiilies and Fundraising
Sales of Merchandise
Sundry Income
117
117
117
117
251
Other Income..
Bank Interest
276
276
188.017
191
121,711
187,659
Re•ourc•s Exp•nd
Charitsblo Expenditure
PublKity
A(iverts'51ng
Promotional Materials
229
1,176
1,405
28
28
28
28
Support Costs
Commission
General Expenses
Insurance
ProfessKJnal fees
Resloralion Expenses
Subscriptions
348
205
172
172
1.092
16
1,200
146
2,810
756
16
2tio
1,gJS
146
1,956
3,674
854
2.838
5,079
N•t Incomlng Ioutgolngl R•sourc
185.675
185.179
176,632
Total fund¥ bought forward
Trnnsfor from Frl•nds of th• Montgom•ry Canal
Triathlon
Other
249.419
249.787
128,155
1,(M)5
1.005
s,000
Total fund• carriod for*4ard
£877
P436.971
£249.787
Note..
The Restricted Funds incixporate the"ReSto￿ The Montgomery Canal" account

FRIENDS OF THE MONTGOMERY CANAL
STATEMENT OF FINANCIAL ACTNMES FOR THE YEAR ENDED 31st OCTOBER 2020
Incomlng Ruources
Unrnstri¢t•d Restricted
Funds
Funds
2020
Total
2019
Total
Membership Subscriptions
Donations
GfftAi
1.871
630
512
1.871
630
S12
1,891
126
377
CharitatAe Activth'es and FurKlraising'.
Canoe hire
Sales ol MercharKlise
SuNlry Income
1.022
1,022
1.425
524
88
2.037
127
1.158
127
1,158
4,171
4,171
4.431
RMour¢e• Expond•d
Co$1 of generating funds..
Goods lor resale
Charitable experKlilure'.
Publicity
N8w8letter
Support Costs
General expenses
Insurance
Subscriptions
Deprecialion
1.179
1.179
1,220
1.019
499
25
474
2,017
1.019
256
472
25
378
1,131
2S
474
2,017
3,196
3,196
2,355
N•t Incomlng RMourc•8
Total funds brought forward
TrAn8f•rred to Montgomery wat•￿aY R••toYatlon
Tru#t
T¢)tal funds carrl¢d fonvard
975
16,055
97S
20,555
2,076
18.479
-1,000
£20,530
£16.030
£4.
£20.555

FRIENDS OF THE MONTGOMERY CANAL
BALANCE SHEET AS AT 31st OCT08ER 2020
2020
2019
Flxed Assets.. Equlpm•n¢
Cost.
Depreciation
8,267
6.651
8,287
6,178
Nel B￿k Value
1,616
2,089
Curr•nt A•••ts:
Stock
Debtors & Prepayments
Bank balance
Current Accwnl
Cash in HaNJ
23
23
210
18,267
39
18.213
31
18.925
18,477
urrent Llabllltl•8:
Credllors.. Amount falling due wlhln one year
Nèl Current Assets
18.914
18,466
Total N•t AJs•ts
£20.530
£20,555
R•pr•Mnt•d by:
Restricted FLJnds
Unrestricted Fund8
4,500
16.055
£20.555
16,030
£20.530
70

THE MONTGOMERY CANAL TRIATHLON
BALANCE SHE￿ AS AT 31st OCTOBER 2020
2020
2019
Flxed ABs•ts'. Equipment
Cost
Dgpreclatlon
N818ook ValLte
-75
113
132
Curr•nt A8Sèt8.'
Bank Balance
Current Account
Curr•nt LlabllitiO8'.
Creditors.. Amounts falling due wnthin year
Nel Current Assets
6.114
3,202
-3,207
2.907
3,116
Total Not A•$ot•
£3,020
£3,248
R•pr•8•nt•d by".
Restricted Funds
unrestri￿0￿ Funds
3.020
£3.020
3.248
£3,248
12

THE MONTGOMERY CANAL TRIATHLON
STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENDED 31st OCT08ER 2020
202ts
2019
Unresirl¢ted Restricted
Funds
Funds
Total
Total
Incomlng R￿oUrceS
Donations
1.005
1,005
Charltablo Actlvltles & Fundralslng
Triathlon entries
Canoe hire
5,700
1,100
6,800
Total Incoming Rfjsouces
1,005
1,005
6,830
R•sourcès Expanded
Charltablè •xp•rtdlture
Publicity-.
Promotional malwials
Medallions
281
923
Support costs
Gènefal expens8S
Hire of equipment
C81ering
Deprecial*)n
375
1,760
351
19
2,505
3,428
19
19
30
228
228
Not Incomlng RMourc•s
777
777
3,402
Total lund¥ bought fofward
Transfer lo Montgomery Waterway Resloralion TnJ5t
Total funds carrf•d forward
3.248
-1,005
£3.020
3.248
.1,005
£3,020
4,846
-5,000
£3.248
13

THE MoKfGOMERY WATERWAY RESTORATION TRUST
Independent Examiner's Report.
s report on the financial statements of The Montgomery Watenvay Restoration
Trust for the year ended 31 October 2020. which are sel oul on pages I lo 12, is in
respect of an examination La￿le￿ out in accordanc¢ with s.43 of the Charities Act
19931'xhe Act"), &s amended by Section 28 of the Clwiiies 2006.
Respectlve Responsibilities of the Trustees 2nd ihe Examiner
As Trustees you responsible for the preparation of financial statements; you
consider that ihe audit requirement of Section 43 (2) of the Act does not apply. li is
my responsibility to issue the re￿rt on those financial slalemcnis in accordance with
the lernis of the Regulations. and to state whdher particular matters havc come to my
attention.
Basls of the Report
My examination was Carried oul in accordance with Genernl Directions given by the
ch￿ltY Commission under section 43 (7)b of the A￿.. Thal examination includes a
review of the accounting records kq)t by th¢ Twsle¢s and a comparis(Trn of the
accounts with those records. It also includes considering any unusual it¢ms or
disclosures in thc financial slalemenls and seeking explanations from you as trustees
conceming any such matters. The procedures undertaken do noi provide all the
evidence that would be required in an audit. and cOnS￿￿entlY I do not expr¢ss 3n
audit opinion on Ihc view gjven by the accounts.
Independeni Ex*miner'% St*fement
In ￿)nnecTiOn with my examinalion, no matter wrne to my 4tt¢nlion'.
Which gives me re&wnable Ca￿8¢ 10 believe thai in any material respect
the requirements
to keep accounting records in accordance with section 41 of the Act".
io pr￿are financial sthtements which accord with the accounting
records and to comply with the requirements of the Act and
Regulations
have not been met; or
lo which, in my opinion. attention should be drawn in order to enable a
prow understanding of the fiDancial staternents to be reach￿].
2)
K. Palm¢r
Roland House,
Tixall Mews,
Tixall,
Stafford.
ST18 OXT
r,b( pl"
2021
14