| The trustees, | who are also the directors for the | who are also the directors for the | purpose ofcompany | purpose ofcompany | law, and who served during the year and up to |
|---|---|---|---|---|---|
| the date ofsignature | ofthe financial statements | were: | |||
| W J Luesley | (Resigned | 1 October 2022) | |||
| CA Bennett | (Appointed | 29 | March 2022) | ||
| L Bradshaw | (Appointed | 4 July 2022) | |||
| Dr M C Clark | (Appointed | 25 | September 2022) | ||
| I Collins | (Appointed | 23 | November 2022) |
||
| JDeacon | (Appointed | 29 | March 2022) | ||
| R I Langford | (Appointed | 29 | March 2022) | ||
| H O'Connor | (Appointed | 1 October 2022) | |||
| PTSmith | |||||
| ATruelove | (Appointed | 21 | September 2022) | ||
| KJWilliams | (Appointed | 20 | February 2023) |
| Current financial year | Current financial year | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Notes | 6 | 6 | 6 | 6 | |||
| Income from: | |||||||
| Charitable activities |
2 | 141,000 | 141,000 | ||||
| E~dit | |||||||
| Charitable activities |
3 | 58,421 | 8,400 | 66,821 | 10,274 | ||
| Net incoming/(outgoing) | resources before | transfers | 82,579 | (8,400) | 74,179 | (10,274) | |
| Gross transfers | between | funds | (73,900) | 73,900 | |||
| Net income/(expenditure) | for the year/ | ||||||
| Net movement | in funds | 8,679 | 65,500 | 74,179 | (10,274) | ||
| Fund balances | at 1 January 2022 | 138,718 | 395,290 | 534,008 | 544,282 | ||
| Fund balances | at 31December 2022 | 147,397 | 460,790 | 608,187 | 534,008 |
| Prior financial | year | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| 2021 | 2021 | 2021 | ||||
| Notes | 6 | 6 | ||||
| ~Edht | ||||||
| Charitable activities |
(5,161) | 15,435 | 10,274 | |||
| Net incoming/(outgoing) | resources before transfers | 5,161 | (15,435) | (10,274) | ||
| Net income/(expenditure) | for the year/ | |||||
| Net movement | in funds | 5,161 | (15,435) | (10,274) | ||
| Fund balances | at 1 January | 2021 | 133,557 | 410,725 | 544,282 | |
| Fund balances | at 31 December 2021 | 138,718 | 395,290 | 534,008 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f | ||||||
| Fixed assets | |||||||
| Tangible assets | 990,683 | 1,005,091 | |||||
| Current assets | |||||||
| Cash at bank and in | hand | 5,389 | |||||
| Creditors: | amounts | falfing due within | |||||
| one year | (44,284) | (10,224) | |||||
| Net current | liabilities | (44,284) | (4,835) | ||||
| Total assets less current liabilities | 946,399 | 1,000,256 | |||||
| Creditors: | amounts | falling due after | |||||
| more than | one year | 10 | (338,212) | (466,248) | |||
| Net assets | 608,187 | 534,008 | |||||
| Income funds | |||||||
| Restricted | funds | 460,790 | 395,290 | ||||
| Unrestricted | funds | 147,397 | 138,718 | ||||
| 608,187 | 534,008 |
| Portal | 2021 | ||
|---|---|---|---|
| 2022 | |||
| 6 | |||
| Rental | income | 141,000 |
| The Portal | The Portal | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 8 | 8 | ||||
| Depreciation | and | impairment | 14,408 | 14,867 | |
| Fund transferred | to | Dudley Canal and Tunnel Trust | 3,375 | 7,035 | |
| Release ofcapital | grant | (742) | (2,350) | ||
| Loan interest | 49,764 | (16,768) | |||
| Loans written | oif | 7,266 | |||
| 66,805 | 10,050 | ||||
| Share ofsupport | costs (see note 4) | 16 | 24 | ||
| Share ofgovernance | costs (see note 4) | 200 | |||
| 66,821 | 10,274 | ||||
| Analysis by |
fund | ||||
| Unrestricted | funds | 58,421 | (5,161) | ||
| Restricted funds | 8,400 | 15,435 | |||
| 66,821 | 10,274 |
| Support | costs | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2022 | Support | Governance | 2021 | ||
| costs | costs | costs | costs | ||||
| 6 | 6 | ||||||
| Bank charges | 16 | 16 | 24 | 24 | |||
| Legal and | professional | 200 | 200 | ||||
| 16 | 24 | 200 | 224 | ||||
| Analysed | between | ||||||
| Charitable | activities | 16 | 16 | 24 | 200 | 224 |
| Tangible fixed assets | ||||||
|---|---|---|---|---|---|---|
| Portal | Leasehold | Tunnel | Booking office | Total | ||
| f | Improvements f |
Improvements f |
and shed f |
|||
| Cost | ||||||
| At 1 January 2022 | 3,599,859 | 97,226 | 42,754 | 50,266 | 3,790,105 | |
| At 31 December 2022 | 3,599,859 | 97,226 | 42,754 | 50,266 | 3,790,105 | |
| Depreciation and impairment |
||||||
| At 1 January 2022 | 2,645,598 | 55,586 | 40,374 | 43,456 | 2,785,014 | |
| Depreciation charged |
in the year | 10,370 | 2,200 | 476 | 1,362 | 14,408 |
| At 31 December 2022 | 2,655,968 | 57,786 | 40,850 | 44,818 | 2,799,422 | |
| Carrying amount |
||||||
| At 31 December 2022 | 943,891 | 39,440 | 1,904 | 5,448 | 990,683 | |
| At 31 December 2021 | 954,261 | 41,640 | 2,380 | 6,810 | 1,005,091 |
| Balance at | Balance at | Resources | Transfers | Balance at | Resources | Transfers | Balance at | |
|---|---|---|---|---|---|---|---|---|
| 1 January | 2021 | expended | 1 | January 2022 | expended | 21 December | ||
| 2022 | ||||||||
| 8 | 8 | 8 | f | |||||
| The Portal | ||||||||
| Fund | 403,690 | (8,400) | 395,290 | (8,400) | 73,900 | 460,790 | ||
| Harry Payne | ||||||||
| Fund | 31 | (31) | ||||||
| Dudley Canal | ||||||||
| Project No 2 | ||||||||
| Project | 7,004 | (7,004) | ||||||
| 410,725 | (8,400) | (7,035) | 395,290 | (8,400) | 73,900 | 460,790 |
| 12 | Analysis | of net assets | between funds | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| funds | funds | funds | funds | |||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
| 6 | 6 | 8 | 6 | 6 | ||||
| Fund balances at 31 | ||||||||
| December 2022 are | ||||||||
| represented by: |
||||||||
| Tangible | assets | 226,133 | 764,550 | 990,683 | 232,141 | 772,950 | 1,005,091 | |
| Current | assets/(liabilities) | (14,476) | (29,808) | (44,284) | (4,835) | - | (4,835) | |
| Long term liabilities | (64,260) | (273,952) | (338,212) | (88,588) | (377,660) | (466,248) | ||
| 147,397 | 460,790 | 608,187 | 138,718 | 395,290 | 534,008 |
| 2022 | 2021 | |
|---|---|---|
| 6 | 8 | |
| Within one year | 2,600 | 2,600 |
| Between two and five years | 10,400 | 10,400 |
| In over five years | 219,267 | 221,867 |
| 232,267 | 234,867 |