| Page | |
|---|---|
| CompanyIfiformation | I |
| TrustCommittee Report | 2-3 |
| Consolidated BalanceSheet | 4 |
| ConsolidatedStaternentofFinanci alActivities | 5 |
| NotestotheAccounts | 6-7 |
| Montgomery WaterwayRestoration Trust: | |
| BalanceSheet | 8 |
| Statementof FinancialActivities | 9 |
| FriendsoftheMontgomeryCanal: | |
| BalanceSheet | 10 |
| Statementof FinancialActivities | 11 |
| TheMontgomery Triathlon: | |
| StatementofFinancialActivities | t2 |
| Independent Examiner'sReport | 13 |
| CONSOLIDATED | |||
|---|---|---|---|
| BALANCE | SHEET AS Note |
AT 31stOCTOBER 2023 2023 |
2022 |
| q | E | g | |
| FixedAssets Land and Buildings TangibleFixed Assets |
3 4 |
107 2,878 |
107 3,364 |
| Current Assets: | |||
| Stock andworkinprogress | |||
| Debtors and Prepayments | |||
| BalancesatBank | |||
| Cash inhand | |||
| Current Liabilities: | |||
| Creditors: | |||
| Amounts falling due within | |||
| one year | |||
| Net Current Assets | 1,255,116 | 1,135,315 | |
| Creditors: | |||
| Amounts falling due after oneyear | -339,225 | -343,625 | |
| TotalNetAssets | fe18-3re" | f795,161 | |
| Represented by: | |||
| Restricted Funds | 863,078 | 759,291 | |
| Unrestricted Funds | 55,798 | 35,870 | |
| f918,876 | f795,161 | ||
| Directors Statements on unaudited | Accounts |
| STATEMENTOF FINANCIAL AGTIVITIES FO | R THEYEARENDED31st OCTOBER2 | R THEYEARENDED31st OCTOBER2 | 023 |
|---|---|---|---|
| lncomingResources | UnrestrictedRestricted2023 Funds Funds Total EEgg |
2022 Total |
|
| Voluntary lncome Membership subscriptions |
2,523 | - 2,523 |
2,699 |
| Donations Gift Aid-lnland Revenue |
13,458 2,276 |
126,988140,456281,284 10,74813,02421,332 |
|
| lncomingResourcesfromCharitable Activities andFundraising |
9,898 | - 8,898 |
20,229 |
| Other lncome Bank interest |
7,950 | - 7,950 |
320 |
| Total lncomingResources | 35,105 | 325,864 | |
| ResourcesExpended | |||
| Costs of generatingfunds Goodsforsale |
18 | -18 | 312 |
| Charitable expenditure Publicity Support costs |
1,757 5,839 |
5,8087,565 35,70441,543 |
5,296 45,436 |
| Total ResourcesExpended | 7,614 | $-' 41,51 |
51,044 |
| NetIncomingResources | 27,491 | 96,244123,715 | 274,820 |
| Total Funds boughtfonrard | 35,870 | 759,291795,161 | 520,341 |
| Total Funds carried fonuard | f795,161 |
| sformingpartof the ConsolidatedFinancial Statements | for theyearto31st | October2023. |
|---|---|---|
| 4(cont)q Cost |
||
| € | ||
| At1st November2022 | 11,794 | |
| Additions | ||
| At31st October 2023 | 11,794 | |
| Depreciation | ||
| At1st November 2022 | 8,430 | |
| Charge for the year | 486 | |
| At31st October 2023 | --T,F15- | |
| Net Book Value | ||
| At31st October 2023 | 2,879 | |
| At 31stOclober2022 | 3,364 | |
| 5 Stockandworkin progress | 2023 | 2022 |
| € | € | |
| Stocks of promotional goodsforresale | I | |
| Workin progress: Schoolhouse Bridge | s20,46; | 179,306 |
| 820,460 | 179,315 | |
| 6 Debtors | 2023 f |
2022 € |
| Shropshire Councill Performance Deposit | 123,645 | |
| TaxRecoverable | 46,391 | 27,4A; |
| GiftAidrecoverable | 10,669 | 18,555 |
| Accruedincome and prepayments | 1,394 | 952 |
| 182,098 | 46,909 | |
| 2023 | 2022 | |
| 7 Creditors: amountsfallingduewithinone year | € | € |
| Other creditors and accrued charges | TET66' | 159,963 |
| 2023 | 2422 | |
| € | € | |
| 8 Creditors: amountsfallingdue after oneyear. | ||
| Loan interestfreeand with no repayment date | 339,225 | _u3,6% |
| IRestrictedfunds |
| BALANCESHEET ASAT 31st | OCTOBER 2023 | ||
|---|---|---|---|
| 2023 | 2022 | ||
| FixedAssets: Equipment Cost Depreciation Net Book Value lnvestment Montgomery Canal ReconstructionLtd 100 E1Shares Loan |
€ 960,500 |
€E; |
-zstl t_l.;l |
| CurrentAssets | |||
| Debtors | 11,380 | 18,513 | |
| Bank balances | 390,441 | 725,255 | |
| 401,821 | 743,768 | ||
| Creditors: | |||
| Amount falling within oneyear. | -1011 | -261 | |
| Montgomery Canal ReconstructionLtd | -973 | ||
| -1,011 | -1,234 | ||
| NetGurrentAssets | 810 | 742,534 | |
| Creditors: | |||
| Amount falling due after oneyear | -339,225 | -343,625 | |
| TotalNetAssets | t | Ta.8s-/ot | |
| Represented by: | |||
| Restricted Funds | 983,9'10 | 866,311 | |
| Unrestricted Funds | 38,175 | 19,098 | |
| _t1,022,085 | t885,409 |
| STATEMENTOF FINANCIALACTIVIT | IESFOR THEYEARENDED31 | IESFOR THEYEARENDED31 | st O | CTOBER20 | 23 | ||
|---|---|---|---|---|---|---|---|
| UnrestrictedRestricted Funds Funds |
2023 Total |
2022 Total |
|||||
| lncoming | Resources | €f | € | f, | |||
| Voluntary lncome Donationsa |
13,242 | 126,988 | 140,230 | 280,996 | |||
| Gift Aid | 1871 | 10,748 | 12,619 | 20,904 | |||
| Charitable | ActivitiesandFundraising | ||||||
| Sundry lncome | 152 | 152 | 156 | ||||
| Otherlncome: | |||||||
| Bank lnterest | 6889 wffi |
- |
6,889 142 Tffim--drc- |
||||
| ResourcesExpended | |||||||
| Charitable | Expenditure | ||||||
| Publicity | |||||||
| Promotional Materials | 5,808 | 5,808 | 3,707 | ||||
| Support Costs Bank Charges Commission General Expenses lnsurance Professionalfees Restoration Expenses Subscriptions |
E 25,329 |
164.l-Ltu\ I +rolI so+l I s+zlI 1.22s1 GH 28,406 6,595 |
|||||
| 3,071 | ffi | @ | |||||
| Netlncoming (Outgoing)Resources | 19,077 | 106,599 | 125,676 | 291,896 | |||
| Totalfundsboughtfonrard | 19,098 | 866,31'l | 885,409 | 588,013 | |||
| TransferfromFriends of the MontgomeryCanal | |||||||
| Triathlon | 4,500 | 4,500 | 2,000 | ||||
| Friends | 6,500 | 6,500 | 3,500 | ||||
| Totalfundscarriedfonrard | [38,175 | t983,910 | t | T€85-Zo-5' |
| BALANCESHEET ASAT 31stOCTOBER | 2023 | ||
|---|---|---|---|
| 2023 | 2022 | ||
| f | € | ||
| FixedAssets: Equipment | |||
| Cost: Depreciation |
8,455 -7,585 |
8,455 -7,480 |
|
| Net Book Value | 870 | 975 | |
| CurrentAssets: | |||
| Stock | |||
| Debtors & Prepayments | |||
| Bank balances | |||
| Cash in Hand Current Liabilities: Creditors:Amount |
falling due within oneyear | EH | |
| Net Current Assets | 16,753 | 20,295 | |
| TotalNetAssets | tt | ||
| Represented by: | |||
| Restricted Funds:- Friends | 4,500 | ||
| Triathlon | |||
| Unrestricted Funds:- Friends l-riathlon |
14,366 3,257 |
12,802 3,968 |
|
| _f17,623__f21,2?0 |
| STATEMENTOF FINANCIAL AGTIVITIES FOR THE | YEARENDED31st OCTOBER2023 | YEARENDED31st OCTOBER2023 | YEARENDED31st OCTOBER2023 | YEARENDED31st OCTOBER2023 | YEARENDED31st OCTOBER2023 | |
|---|---|---|---|---|---|---|
| lncomingResources | UnrestrictedRestricted2023 Funds FundsTotal |
2022 Total |
||||
| tt€ | € | |||||
| MembershipSubscriptions+ | 2,523 | - | 2,523 | 2,699 | ||
| Donations | 216 | - | 216 | 288 | ||
| Gift Aid | 405 | - | 405 | 428 | ||
| Charitable Activities and Fundraising: Canoehire Sales of Merchandise Raffle |
ruEET | |||||
| 1,913 | ||||||
| 5,057 | - | 5,0575,121 | ||||
| Resources Expended | ||||||
| Cost ofgeneratingfunds: | ||||||
| Goodsforresale | 18 | 18 | 312 | |||
| Charitable expenditure: Publicity Promotional materials Newsletter |
E;lt]tGG 1,187 1j92 1,187 |
|||||
| Support Costs Bank Charges Commission General expenses lnsurance RepairstoEquipment Subscriptions Depreciation |
t 76.l I ztl I unl t_t I .ol I .ul |
E | ||||
| 288 | 288 | 1,033 | ||||
| = | ||||||
| NetlncomingResources Totalfundsbroughtforuvard |
--7;6w 3,564 12,8024,500 |
3,5642,584 17,30218,218 |
||||
| TransferredtoMontgomery Waterway Restoration ForSchoolhouse Bridge |
Trust | -2,000 | -4,500 | -6,500-1,000 | ||
| Transfer tofundMid-WalesGrowthDeal | ||||||
| Economic lmpacts Study | - | -2,500 | ||||
| Totalfundscarried forward | t14,366 | 814,366__f17,302 |
| STATEMENT OFFINANCIALACTIVITIESFOR THE | YEARENDED31st | OCTOBER | 2023 | |
|---|---|---|---|---|
| 2023 | 2022 | |||
| UnrestrictedRestricted FundsFunds |
Total | Total | ||
| f€f | € | |||
| lncomingResources | ||||
| Donations | ||||
| CharitableActivities&Fundraising | ||||
| Triathlon entries | ||||
| Totallncoming Resouces | 6,833J | 6,833 | 4,506 |
|
| ResourcesExpanded | ||||
| Gharitableexpenditure Publicity: Promotional materials Medallions |
E;IEtGG 570 - 570 397 |
|||
| Support costs | ||||
| Bank Charges | ||||
| Commission General expenses Hire of equipment Catering Depreciation |
ffiEffiG 2,474 2,067 3,044 2,464 |
|||
| NetlncomingResources | 3,789 | - | 3,789 | 2,042 |
| Totalfundsbought forutard TransfertoMontgomery Watenivay RestorationTrust Totalfundscarriedfonrvard |
-4,500 @-@ 3,968 |
- - |
-4,500 3,968 3,926 -2,000 -i,96-E |