THE MONTGOMERY WATERWAY RESTORATION TRUST
COMPANY NUMBER 1508017
REGISTERED CHAIUTY NUMBER 510448
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31" OCTOBER 2022
•AC87PGWZ*
21107r2023
COMPANIES HCiJSE
A16
#149

THE MONTGOMERY WATERWAY RESTORATION TRUST
INDEX TO THE ACCOUNTS
Company tnforniation
Tntst Committee Report
Consolidated Balance Sheet
Consolidated Statement of Financial A￿1VitieS
Notes to the Accounts
Montgomery Waterway Restoration Trust:
Balance Sheet
Statement of Financial Adivities
Friends of the Montgomery Canal:
Balance Sheet
Statement of Financial Activities
io
The Montgomery Triathlon:
Balance Sheet
Statement of Financial Activities
12
13
Independent Examiner's Rq)ort
14

THE MONTGOMERY WATERWAY RESTORATION TRUST
COMPANY INFORMATION
TRUSTEES
Chainnan
M.S.Limbrey MBE
Vice-chainnan
Mrs Y.K. Holyoak
Secretary
R.A.Dewey
Treasurer
N.S.G.Bostock DL. FCA
Other Trustees
D.J.P.Farn]¢r (Died 21/10￿2)
Mrs C.E. Palin
C. Bushnell
M.A. Handford
REGISTERED OFFICE
26 Bentley Drive
Oswestry
Shropshire
SYII ITQ
BAINKERS
HSBC plc
The Cross
Oswesty
Shropshire
SYI12SR

THE MONTGOMERY WATERWAY RESTORATION TRUST
TRUST COMMITTEE REPORT
31st o￿oBER 2022
The Trust Committee present their report and financial statements for the year ended
31# October 2022.
Prin¢1
al Activi
Icharitable Ob'ectives
The principal activity ofthe Company in the year was promoting the restoration to good
and navigable order and condition of the Montgomery arni of the Shropshire Union
Canal running from Welsh Frankton in the county of Shropshire to Newtown in the
(x)unty of Powys and any brdnches thereof, for the use and benefit of the public.
Following the launch of a further appeal this year to fund the reinstatement of
Schoolhouse Bridge. criCkhea￿ over £1 rnillion has been rdiscd in donations and
promises. This is the last public road bridge blockage in Shropshire. and work began in
2020 with completion in 2023. This will continue the restoration of the ¢anal beyond
the already completed section to Crickheath. Planning is in progress for the restoration
of the remaining 2 mile dry section in Shropshire to connect with the canal in water on
the Welsh border at LIanJin￿Cch. From here to Maerdy Bridge WOTk is in progress to
restore the canal, including the reinstatement of two dropped bridges, with £15 ¼
million grant under the Government tEvelling Up Fund. Meanwhile, the Trust
continues to organise a comprehensive pro￿arnMe of ￿Mmunity events and activities.
A notable event is the annual Triathlon along the canal which is organised by The
Friends of the Montgomery Canal, an OTganization of local p￿p]e affiliated to the
Trust.
In Augusl 2022 a 550m section of the Canal at Dolfor near Newtown was purchased
from Severn Trent Water Authority for £1 plus purchase costs of £106. Repairs are
planned, with possible assistance from a Welsh Government Access Improvement
Grant.
tn deciding what activities to undertake, the Trustees have paid due Tegard to the
Charity Commission guidance on public benefit.
Reserves Poli
The reserves in unrestricted funds will be Maintain￿ to wver a minimum of two years
activity. This designation is in addition to such reserves. including those in restricted
funds, &$ the Tn￿te¢S consider ne¢￿ to med forthcoming obligations and
commitments.
Safe
arditi
Polieie5 and Procedures
The various policies and statements that apply to membership and volunteaing with
the Trust are in place and are reviewed annually. These encompass health & safety,
equal opportunities, equality and diversity, the environment, education & training, and
young persons & vulnerdble adult protection.

Directors
The Directors of the Company are defined as the TnLStees (sce company infonnation).
None of th¢ Trustees hav¢ any beneficial interest in the Company.
SD]all Com
tion
This report is prepared in accordance with the special provisions relating to small
companies within Part 15 of the companies Act 2006. The Tn￿te¢S considw that an
audit is nol required for this year under Section 43 (2) of the Charities Act 1993. but
that an indq)endent examination is need￿.
Approvd by the Board of Trusttts and Si￿ed on their behalf:
M S Limbrey
Chairman
2023

THE MOlffGOMERY WATERWAY RESTORATION TRUST
CONSOLIDATED
BALANCE SHEET AS AT 31st OCTOBER 2022
Note
2022
2021
Fixed Assets
Land and Buildings
Tan9ible Fixed Assets
107
4,055
Currant Assets:
Stock and work in progress
Debtors and Prepayments
Balances at Bank
179.315
37.635
1.(￿9,(XIl
475,889
Cash in hand
37
518.426
1,295,278
Current Liabiliiies:
Creditors..
Amounts falling due within
one year
-159.963
-2.140
Nel Current Assets
1.135.315
516,286
Creditors..
Amounts falling due after one year
-343.625
Total Net Assots
£795,161
£520.341
Represented by.
Reslri¢led Funds
Unrestricted Funds
759.291
35,870
£795.161
505.196
15.145
£520.341
Dlreclors Staternents
Ited Accounts
In prepariro these Financial statements:
For the year endww 31110122 the tompany vras entitled lo exempts'on under section 477 of the
Companies Act 2006 rdaliry lo srnall Comp￿les.
No members have fequired the company to obtsin an audit of its accounts for the in
question in accordance with section 476 of the Compan￿$ Acl 2(M)6.
The directors aCknO￿edge their resportsibdrties fcrf ¥*ryth the requirements of the
Act with wpect lo accounting records and for the preparation of xcounts.
The Fi
I Stsiemepts V￿re approved by the Board of Tru$lees on 2 1 IL-￿2023.
Chaimian
Treasurer
The notes on pages 6 to 7 fomi part of these statements.

THE MONTGOMERY WATERWAY RESTORATION TRUST
CONSOLIDATED
STATEMENT OF FINANCIAL ACTlVtfiES FOR THE YEAR ENDED 31st OCTOBER 2022
unr￿tr1￿8d R09trict•d 2022
Funds
Funds
Totsl
2021
Total
Incomlng Rgsourcos
Voluntary Incomo
Membership subscriptions
Donations
Grft - I￿and Revenue
2.699
19,854
428
2.699
261,430 281.284
20.9)4 21.332
2,305
148.501
3.227
Incoming Resources from Charitsbie Aclivili8S
and Fundraising
13.861
20,229
6.318
Other InGome
Bank interest
142
178
320
29
Total Incoming Rosourcos
29.491
296,373 325,864
160,380
Resources Expended
Costs of generating funds
Goods for sale
Charitable expenditure
Publiuty
Support costs
312
312
110
1,589
3.707
39.571
5,296
45,436
1.759
54,875
Totsl R•sourc•s ExpMded
7.766
43.278 51,044
56,744
Net Incomlng Resources
21.725
253.09S 274.820 103.636
Total Funds l)ought forward
15.145
505.196 520,341
416,705
Transfer to R•stricted Fund$
1.0(Kl
Total Funds ¢arried forward
£35.870
£759.291 £795,161 £520,341

THE MoNfGOMERY WATERWAY RESTORATION TRUST
Note5 forming part of the Con$olidAted Financial Ststements for the year ended
31# October 2022
l. AeeouDting Polieies
In pr¢paring these financial statements:
For the year ended 31 October 2022 the company w&$ entitled to exemption
from audit under section 477 Companies Act 2006. No member of the company
has deposit￿￿ a notic4 pursuant to section 476. wuiring an audit of these
financial ststements under the requirements of the Companies Act 2(Kl6.
The tn￿teeS acknowledge their responsibilities for ensuring that the a)mpany
keeps accounting records which comply with section 386 of th¢ Act and for
preparing financial statements which give a true and fair view of the state of
affairs of the company as at the end of the fmancial year and of its profit or loss
for the fmancial year in accordance with the requirements of sections 394 and
395 and which otherwise comply with the requirements of the Companies Act
2006 relating to ac￿unts. so far &s applicable to the company.
These financial statements have been prepared in accordance with provisions
applicable to companies subject to the small companies regime within Part 15
of the Companies Act 2006. with the Financial Reporting Standard for Smaller
Enterprises {effective April 2(K)8). and with The Accounting and RetK)rting by
Charities- Statement of Reconunended Practice (SORP 2(KI5).
b)
The accounts incorpM)rate the Tesults of Montgomery Canal Re￿nstrUCtion Ltd. a
wholly owned subsidiary company fornied on 30 May 2018. and The Friends of the
Montgomery Canal. a branch of the company set up in December 2001 as a membership
section.
2. Share Capitsl
The C￿mPanY is incorporated as a company limited by guarantee and does not have
wholly owned Share Capital. The liability of each member is fixed at an amount not to
exeAed £1.
3. Land and Buildings
Montgornery Canal Reconstruction Ltd purchased 550m of the m0ntgomerys￿.re
Canal, including Dolfor lock and bothie, in August 2022 at a cost of £107.
4. TaDgible Fixed Assets
Tangible fixeAJ assets costing more than £500 were capitslised as at I" November 2009
and included at ￿st less dq￿CClation at I￿/4 per annum on cost. Additions since are
treated on the same basis.

THE MoKfGOMERY WATERWAY REStORATION TRUST
Notes forming part of th• Conx)lidal•d Flnancial SLitwn•nts for th• y•ar lo 31st octo1￿r 2022.
4 (cont)
At 1st November 2021
Additions
At 31st October 2022
11.794
11,794
D¢preciallon
At 1st November 2021
Chargg for the year
At 31 st October 2022
7.739
691
8,430
Not Book Valu•
At 31st O¢tober 2022
At 31 st October 2021
4,055
5 Stock and work In progress
2022
2021
Slo¢ks of FKomotional g(KMJs for resale
Work in progress.. SchxAhouse Bridge
110
37,525
37,635
179,306
179.315
6 Debtor8
2022
2021
Tax Recoverable
Grft Aid recoverable
Accrued income and prepayments
27.402
18.555
952
2,670
2.195
4.865
2022
2021
7 Cr•ditors: amounts falllng due wlthln one year
Tax
Other cxeditors and actual ch*ges
1,476
159.963
159.963
2.140
2022
2.021
8 Creditors: amounts falling due after one year.
Loan interest free and with no repayThent date
343,625
9 R•slrlcted funds
These represent fvnds ￿mM￿ted to restoration of the Monlgomeryshire Cana.

THE MONTGOMERY WATERWAY RESTORATION TRUST
BALANCE SHEET AS AT 31st OCTOBER 2022
2022
2021
Flxed Assots:
Equipment
Cost
Depreciation
Nel Book Value
Investment
Montgomery Can81 Reconstruction Ltd
100 £1 Shares
Loan
257
-257
257
-257
100
486,400
486.500
100
411.400
411,500
Current As$0ts
Debtors
Montgomery Canal Triathlon
Bank balances
18.513
3.087
694
172.824
725.255
743.768
176.605
Creditors:
Amount falling within one year.
Montgomery Canal ReconslructKJn Ltd
-261
-973
-1,234
742,534
-92
-92
176,513
Not Curr•nt As$•ts
Creditors .
Amount falling due after one year
-343.625
Total Nèt Assets
£885,409
£588.013
Represented by.
Restricted Funds
Unreslricled Funds
866,311
19.098
£885.409
588.012
£588.013

MONTGOMERY WATERWAY RESTORATION TRUST
STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31st OCTOBER 2022
Unrnstri¢#ed Restricled
Funds
FurKIs
2022
Total
2021
Tolal
In¢omlng Resourc•s
Voluntary Income
Donations
19.566
261.430
280.996
20,904
147,941
2.820
Grft Aid
Charitable Activities and Fundraising
Sundry Income
156
156
63
Other Income..
Bank Inleresl
142
19,864
142
302,198
282.334
150,844
Resources Expended
CharIta￿e Expenditu
Publicity
Promolional Materials
3,707
3.707
Support Costs
Bank Charges
Commission
General Expenses
Insuran
Professional fees
Restoration Expenses
Subscriptions
173
173
564
1.229
1,362
139
302
1,981
1.178
1.362
51
0000
4CKI
2,813
400
2,813
54
6.s95
2.520
2.767
3.828
5.496
2.767
7.53S
10.302
5,496
Net Incomlng (Outgolng) Resources
17.097
274.799
291.896
145,348
Total funds bought forward
Transfér from Friends of the Montgomery Canal
Triathlon
Other
588.012
588.013
436,971
2.000
3.$00
694
s.o
Tolal funds carried forward
£19,098
£866.311
£885.409
£588,013
Note..
The Restricted Funds inccryrate the"R85tore The Monlgomery Canal. account

FRIENDS OF THE MONTGOMERY CANAL
BALANCE SHEEf AS AT 31st OCTOBER 2022
2022
2021
Fixed Assets: Equlpment
Cost=
Depreciation
8,267
-7.075
8,267
-7.075
Net Book Value
1.192
Curront Ass•ts:
Siod(
Debtors & Prepayments
Bank balances
Cash in Hand
110
683
16.275
37
439
16.384
53
16.885
17.105
Curr•nt Liabllitles:
Creditors.. Amount falling dug within one ye¥
Montgomery Canal Reconstruct￿n Ltd
-20
-59
-79
Nel Current Assets
16,402
17,026
Totsl Nèt Ass•ts
£17,302 £18,218
R•presented by:
Restricted Funds
Unrestricted Funds
7.000
12.802
11,218
£17.302 £18,218
10

FRIENDS OF THE MONTGOMERY CANAL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st OCTOBER 2022
Incomlng Re￿￿r¢¢8
Unrestrlcted Restricted
Funds
Funds
2022
Total
2021
Total
Membership Subscriptions
Donations
Gift Aid
2,699
2,305
506
407
428
428
Charilable AGlivities and Fundraising-.
can￿ hire
Sales of MerchaTrJise
740
740
1.410
690
2.100
1,706
1.706
5,121
5.121
5.318
Resources Expended
Cost of generating funds..
Goods for resale
312
312
110
Charitable expenditure..
Publicity
Promotional materials
Newsletter
37
1.251
1.288
1.192
1.192
1.192
1,192
Support Costs
Bank Charges
Commission
General expenses
Insurance
Repairs lo Equipment
Subscriptions
Depreciation
109
44
375
128
55
19
297
467
375
128
55
25
424
1.232
292
1.033
292
1.033
2,630
2.537
2.630
Net Incoming Re8OUfces
Total funds brought fO￿ard
Transferred to Montgomery Wat•nvay Rotoraiion Trust
For Schoolhouse Brldge
Transfer lo fund Mid-woles Growth D•al
EconorniG Impacts Study
Total funds carrled forward
2.688
20.530
11,218
7,000
18,218
-5.000
-2.500
-2,500
£4,500 £17.302 £18.218
£12.802
11

THE MONTGOMERY CANAL TRIATHLON
BALANCE SHEEf AS AT 31s1 OCTOBER 2022
2022
2021
Flxed Assets: Equipment
Cost
Depreciation
Nel B￿k Vaue
-113
75
Current Assets:
Debtors
Bank Balance
15
5.063
5,078
3,923
3.923
Current Liabiliti•s:
Creditors." Amounts falling due within one year
Montgomery Waterway Restoration Trust
-552
-1.246
3.832
Nel c￿rent Assets
3.893
Total Not Assets
£3,968
£3.926
Repregented by:
Restricted Funds
Unrestricted Funds
3,926
£3.968
3,926
£3.926
12

THE MONTGOMERY CANAL TRIATHLON
STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31st OCTOBER 2022
2022
2021
Unmtri¢t•d R•stricted
Funds
Funds T
Total
In¢oming Regources
Donations
Charitable Actlvltl8s & Fundrnlsing
Triathlon entries
4,155
Total Incoming Resouces
4.506
Resources Expanded
Charltable expenditure
Publicity..
Promotional materials
Medallions
113
358
471
397
397
397
397
Support costs
Bank Charges
Commission
General expenses
Hire of equipment
Catering
Depreualion
50
81
208
1,670
39
19
2.067
2.464
81
289
1.810
1.670
39
19
2.067
2.464
19
2.138
Not Incoming Resour￿5
2.042
2.042
1,600
Total funds bought forward
Transfer lo Montgomery Waler4vay Restoration Trust
Total fund6 carried forward
3.926
-2,000
£3.968
3.926
-2.000
£3.968
3,020
£3,926
13

THE MONTGOMERY CAIYAL RESTORATIOIY TRUST+
IDd¢pendeDt Examiner's Report.
This r¢￿rt on the financial statements of The Montgomery Water4vay Restoration Trust
for th¢ year endcd 31. October 2022, which are set out on pages I to 12, is in respect
of an examination carried out in accordance with s.43 of the Charities Act 1993 ('Ihe
Act"), as amended by Section 28 of the Charities Act 2006.
Respective Responsibllltieg of the Trustees and the Examiner
As Tn￿t￿8 you are reswnsible for the preparation of financia] statements. you
consider that the audit requirement of Section 43 (2) of the Act docs not apply. It is my
responsibility to issue the report on those financial statements in accordance with the
ternis of the Regulations. and to state whether particular matters have com¢ to my
attention.
Basis of the Report
My examination was carried out in accordance with General Directions given by the
ChaTity Commission under section 43 (7)b of the ACL. That examination includes a
T¢Vi¢W of the accounting records kept by the TnLStees and a compartson of the accounts
with those records. It also includes considering any unusual items or disclosures in the
financial statements and seeking explanations from you &s trust￿5 concerning any such
matters. The procedures undcrtakcn do not provide all the evidence that would be
required in an audit. and consequently I do not expre&s an audit opinion on the view
given by the accounts.
IDdepeDdent Examiner's Statement
In comiection with my exarninati0￿ no rnat￿ has ¢om¢ to my attention:
i)
Ivhich ￿V&S me reasonable cause to believe that in any material respect the
to keep accounting records in accordancc with section 41 of th¢ Act". and
to prepare financial statements which accnrd wtth the accounting records
and to comply with the Tequirements of the Act and Regulations
have not be£n met. or
to which. in my Opinio￿ attention slK)uld be drawn in order to enable a
proper und¢rstanding of th¢ financial statements to ￿ Teach￿.
2)
K. Palm
Roland House.
Tixall Mews.
Tixall,
Stafford.
ST18 OXT
20/&/
2023
14