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2022-09-28-accounts

REGISTERED COMPANY NUMBER: 01832794 (England and Wales) REGISTERED CHARITY NUMBER: 516376

COVENTRY CANAL BASIN TRUST LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 SEPTEMBER 2022

Armstrongs Chartered Accountants and Tax Advisers 1 & 2 Mercia Village Torwood Close Westwood Business Park Coventry West Midlands CV4 8HX

COVENTRY CANAL BASIN TRUST LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 SEPTEMBER 2022

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 15
Detailed Statement of Financial Activities 16

COVENTRY CANAL BASIN TRUST LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 27 SEPTEMBER 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 27 September 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Coventry Canal Basin Trust was incorporated in 1985 to preserve the history, architecture and heritage of Coventry's canal basin. The company was registered as a charity on the 13th of June 1985. The principal objectives and aims of the charity are enshrined in the company's memorandum and Articles of Association:

"To preserve for the benefit of the citizens of Coventry in the County of West Midlands and of the nation at large, whatever of the English industrial, historical, architectural and constructional heritage may exist in and around the Coventry Canal Basin at Leicester Row, Coventry in the form of the buildings of particular beauty or industrial, historical, architectural or constructional interest"

Significant activities

The original warehousing (the 'Warehouse') in the canal basin was fully restored by the trust in 1985. Since that time there has been some deterioration of fixtures and fittings in studios and workshops due to wear and tear. Also, there is ongoing restoration work needed which wasn't covered by the original restoration grant. During the year substantial improvements have been made to electrical and plumbing fixtures specifically to those parts of the Warehouse that needed to be upgraded.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The trustees have continued to participate in public events in and around Coventry's canal basin - fairs, environmental improvements, wildlife and heritage days, various cultural events, etc. Parties of visitors have been provided with tours of the warehouse building together with talks on the history and unique architectural features of the property. Local schools and colleges have been given educational tours of studios and workshops and young artists, designers and craftspeople have been provided with space and facilities to develop and exhibit their work. All general management and promotional work relating to these activities has continued to be carried out unpaid by groups of local volunteers - mainly the trustees.

Fundraising activities

The trustees have continued to provide studio and workshop spaces in the Warehouse for a wide range of local creative practitioners. Meeting rooms, storage spaces and recreational facilities have been provided for a variety of local clubs and societies. Quayside storage and access continues to be provided for canoe-related youth groups and clubs and many young people enjoy these facilities on a regular basis.

In line with its requirement to maintain and preserve the Warehouse the trust has continued to maintain paramount occupancy of the premises and has continued its system of charging a fee for use of studios, workshops, club rooms and recreational facilities on an access only basis. This income has enabled the charity to meet all its building preservation, maintenance and environmental costs and general management overheads without having to seek funding from public or external sources.

Investment performance

The trustees maintain a building society account and an annual bank bond for itemised reserves besides a day-to-day trading account at the bank. Spreading the financial assets in this way ensures ready access to funds to meet the various building maintenance and improvement needs and also ensures that the funds are not at risk resulting from all eggs being in one basket.

Page 1

COVENTRY CANAL BASIN TRUST LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 27 SEPTEMBER 2022

FINANCIAL REVIEW

Principal funding sources

The trustees do not raise funds from public sources or private donations. All income is generated through renting studios and workshop spaces on a temporary fee-paying basis in the warehouse to artists, designers, craftspeople and recreational facilities for a variety of local clubs and societies. In order to meet its maintenance and preservation requirements the Canal Basin Trust remains in 'paramount occupation' of the warehouse building. No user of the workshops, studios or meeting rooms has a formal lease or licence and they can only use rooms and facilities on a temporary fee-paying basis. This arrangement allows the trust to raise all the funds needed to meet its charitable aims but at the same time remain in overall control of every part of the property. A small income occasionally arises from the sale of promotional material relating to the history and development of the canal basin and the warehouse and the artistic and general creative activities that take place within it.

Investment policy and objectives

Owing to the age and vulnerability of the warehouse buildings the investment of the company's reserves is dictated by the need to have ready access to funds for specific building maintenance and improvement projects as they arise. The reserves are divided between a building society account and a bank account to ensure the funds attract the best return considering that they must not be at risk and must be readily available for use.

Reserves policy

The canal basin warehousing and environmental works were originally carried out with the aid of an Urban Programme grant in 1984. The building mainly dates from the 18th and early 19th centuries and is particularly vulnerable to wear and tear. The trust has a full repairs and maintenance lease with the property owners (Canal & River Trust) which means that, besides general maintenance work there is a need for periodic major renovation works to be carried out. Also, much of the restoration work completed in 1985 will need to be repeated at various times in the future. The Canal Basin Trust has 89 years remaining on its lease. The trustees are sensitive to the fact that the trust must remain self-supporting well into the future if its long term aims and objectives are to be continued beyond the current generation of trustees. Under the current regime on-going management and maintenance costs can be met together with specific future improvement and restoration work on the historic buildings in the canal basin. On-going and future maintenance and improvements will continue to be funded from reserves that the trustees have created specifically for this work - 'special building projects', 'environmental projects', 'timber preservation', 'contingency', upgraded electrical and plumbing works, etc. The extensive external timberwork which overhangs the canal and quayside, and which constitutes the four loading bays, is treated periodically with wood preservative along with other improvement and maintenance work.

FUTURE PLANS

The trustees' long term aim is to make the Warehouse and the historical environment at Coventry's canal basin entirely self-supporting. Maintenance and preservation of the historical heritage continues to be maintained without relying on external funding or grants.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

New trustees are recruited from persons who are familiar with Coventry's canal basin and its history and heritage and who have carried out voluntary work for the trust over an extended period. They will be people who have demonstrated a concern for the wellbeing and maintenance of the Coventry canal basin as an area of special environmental and architectural value. They will also have demonstrated an understanding of the aims and objectives of the Canal Basin Trust and will be familiar with the original historic warehousing and the environmental features of Coventry's Canal Basin.

Page 2

COVENTRY CANAL BASIN TRUST LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 27 SEPTEMBER 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

Apart from the roles of secretary and treasurer the trust has no formal managerial structure. Individual trustees have responsibility for carrying out specific tasks or have specific responsibilities for works on behalf of the trust. Examples of these are 'fire prevention', 'health and safety', 'insurance', 'environment & garden', 'timber inspection and maintenance', 'studio & workshop management', 'public liaison for visits & tours', 'liaison with other local conservation and educational organisations, including Coventry City Council', etc. All trustees work in close liaison with each other in the execution of these responsibilities and all works are carried out on a strictly voluntary basis. Works which cannot be carried out by the trustees are done by local businesses who are familiar with the canal basin, the warehouse and the charitable aims of the trust. There is no trading relationship between trustees and those businesses.

Induction and training of new trustees

Long term voluntary work on behalf of the trust and the canal basin generally will have provided an understanding of the aims and responsibilities of the trust. A new trustee will be invited to a board meeting and through question and answer and general discussion will be provided with a thorough briefing. There will also be a written information pack describing the history of the canal basin and its environmental value, the warehouse and its unique architectural features. It will also describe the history of the trust's restoration and on-going conservation work at the canal basin together with the current management of the premises for Coventry-based clubs, creative practitioners and public visitors.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Risks relating to the material assets of the trust are managed by a nominated trustee who has responsibility for insurance, health & Safety, and fire protection. Risks relating to the financial welfare of the trust are the responsibility of the Treasurer and are covered by a number of specifically targeted reserves. General building insurance is in the hands of the owners of the property (the Canal & River Trust), public liability insurance is in the hands of a Coventry-based agency who are familiar with the property and the aims of the trust. Fire detection, alarm systems, extinguisher maintenance and 24 hour monitoring is in the hands of a local specialist company (Fixfire Ltd) who have had responsibility for inspection and safety of the warehouse since the trust was established and the warehouse was restored.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 01832794 (England and Wales)

Registered Charity number

516376

Registered office

Unit 2 Canal Warehouse Leicester Row Coventry CV1 4LH

Trustees

A Dyer Chairman & Treasurer W F Eve Planning Manager (resigned 23.3.2022) Ms M Havers Director D G Howell Director P McCarthy Director (resigned 10.1.2023) A Blundell Director J Yeadon Director Ms S Goodfellow Trustee

Company Secretary

Ms M Havers

Page 3

COVENTRY CANAL BASIN TRUST LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 27 SEPTEMBER 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Armstrongs Chartered Accountants and Tax Advisers 1 & 2 Mercia Village Torwood Close Westwood Business Park Coventry West Midlands CV4 8HX

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

........................................................................

A Dyer - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COVENTRY CANAL BASIN TRUST LIMITED

Independent examiner's report to the trustees of Coventry Canal Basin Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 27 September 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Muhammed Shabbir FCA, FCCA Armstrongs Chartered Accountants and Tax Advisers 1 & 2 Mercia Village Torwood Close Westwood Business Park Coventry West Midlands CV4 8HX

Date: .............................................

Page 5

COVENTRY CANAL BASIN TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 27 SEPTEMBER 2022

----- Start of picture text -----
2022 2021
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 9,525 - 9,525 241
Investment income 3 72,179 104 72,283 71,834
Total 81,704 104 81,808 72,075
EXPENDITURE ON
Charitable activities 4
Building maintenance & management 68,193 12,234 80,427 68,757
NET INCOME/(EXPENDITURE) 13,511 (12,130) 1,381 3,318
Transfers between funds 13 (11,000) 11,000 - -
Net movement in funds 2,511 (1,130) 1,381 3,318
RECONCILIATION OF FUNDS
Total funds brought forward 22,283 98,809 121,092 117,774
TOTAL FUNDS CARRIED FORWARD 24,794 97,679 122,473 121,092
----- End of picture text -----

The notes form part of these financial statements

Page 6

COVENTRY CANAL BASIN TRUST LIMITED

BALANCE SHEET 27 SEPTEMBER 2022

----- Start of picture text -----
2022 2021
Notes £ £
FIXED ASSETS
Tangible assets 10 - 540
CURRENT ASSETS
Cash at bank and in hand 126,956 124,831
CREDITORS
Amounts falling due within one year 11 (4,483) (4,279)
NET CURRENT ASSETS 122,473 120,552
TOTAL ASSETS LESS CURRENT
LIABILITIES 122,473 121,092
NET ASSETS 122,473 121,092
FUNDS 13
Unrestricted funds 24,794 22,283
Restricted funds 97,679 98,809
TOTAL FUNDS 122,473 121,092
----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 September 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. A Dyer - Trustee

The notes form part of these financial statements

Page 7

COVENTRY CANAL BASIN TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 27 SEPTEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

continued...

Page 8

COVENTRY CANAL BASIN TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 27 SEPTEMBER 2022

----- Start of picture text -----
2. DONATIONS AND LEGACIES
2022 2021
£ £
Sundry receipts 9,525 241
3. INVESTMENT INCOME
2022 2021
£ £
Rents received 72,179 71,415
Deposit account interest 104 419
72,283 71,834
4. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 5) note 6) Totals
£ £ £
Building maintenance & management 68,871 11,556 80,427
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
2022 2021
£ £
Rent - other operating leases 9,000 9,000
Rates and water 3,867 3,910
Insurance 6,564 1,817
Light and heat 1,157 1,345
Cleaning and sanitation 7,535 6,940
Office equipment 335 487
Building & environmental works 26,559 27,015
Security systems 2,160 2,674
-
Timber protection 4,956
-
Special building project 11,694
68,871 58,144
6. SUPPORT COSTS
Governance
Management costs Totals
£ £ £
Building maintenance & management 9,282 2,274 11,556
----- End of picture text -----

continued...

Page 9

COVENTRY CANAL BASIN TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 27 SEPTEMBER 2022

6. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Support costs, included in the above, are as follows:
2022 2021
Building
maintenance Total
& management activities
£ £
Office costs 8,259 7,556
Advertising & promotion 483 385
Depreciation of tangible and heritage assets 540 635
Accountancy and legal fees 2,274 2,037
11,556 10,613
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases		 2022
£
540
9,000		 2021
£
635
9,000

7. NET INCOME/(EXPENDITURE)

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 27 September 2022 nor for the year ended 27 September 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 27 September 2022 nor for the year ended 27 September 2021.

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
241
Investment income
71,799
Total
72,040
EXPENDITURE ON
Charitable activities
Building maintenance & management
63,166
NET INCOME/(EXPENDITURE)
8,874
RECONCILIATION OF FUNDS
Total funds brought forward
13,409		 Restricted
funds
£
-
35
35
5,591
(5,556)
104,365		 Total
funds
£
241
71,834
72,075
68,757
3,318
117,774

continued...

Page 10

COVENTRY CANAL BASIN TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 27 SEPTEMBER 2022

----- Start of picture text -----
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
TOTAL FUNDS CARRIED FORWARD 22,283 98,809 121,092
10. TANGIBLE FIXED ASSETS
Equipment
£
COST
At 28 September 2021 and
27 September 2022 36,642
DEPRECIATION
At 28 September 2021 36,102
Charge for year 540
At 27 September 2022 36,642
NET BOOK VALUE
-
At 27 September 2022
At 27 September 2021 540
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Accruals and deferred income 4,483 4,279
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2022 2021
Unrestricted Restricted Total Total
fund funds funds funds
£ £ £ £
Fixed assets 793 (793) - 540
Current assets 28,484 98,472 126,956 124,831
Current liabilities (4,483) - (4,483) (4,279)
24,794 97,679 122,473 121,092
----- End of picture text -----

continued...

Page 11

COVENTRY CANAL BASIN TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 27 SEPTEMBER 2022

13. MOVEMENT IN FUNDS

Unrestricted funds
General reserve
Restricted funds
Capital equipment reserve
Promotional exhibition reserve
Environmental reserve
Special building projects reserve
Timber protection reserve
Contingency reserve
Rent reserve
Insurance reserve
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General reserve
Restricted funds
Special building projects reserve
Contingency reserve
TOTAL FUNDS		 At
28.9.21
£
22,283
9,794
9,496
8,018
27,744
2,133
20,716
15,000
5,908
98,809
121,092
s follows:		 Net
movement
in funds
£
13,511
-
-
-
(11,693)
-
(437)
-
-
(12,130)
1,381
Incoming
resources
£
81,704
1
103
104
81,808		 Transfers
between
At
funds
27.9.22
£
£
(11,000)
24,794
-
9,794
-
9,496
-
8,018
10,000
26,051
5,000
7,133
(4,000)
16,279
-
15,000
-
5,908
11,000
97,679
-
122,473
Resources
Movement
expended
in funds
£
£
(68,193)
13,511
(11,694)
(11,693)
(540)
(437)
(12,234)
(12,130)
(80,427)
1,381

continued...

Page 12

COVENTRY CANAL BASIN TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 27 SEPTEMBER 2022

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At
movement
28.9.20
in funds
£
£
Unrestricted funds
General reserve
13,409
8,874
Restricted funds
Capital equipment reserve
9,794
-
Promotional exhibition reserve
9,496
-
Environmental reserve
8,018
-
Special building projects reserve
27,744
-
Timber protection reserve
7,133
-
Contingency reserve
21,272
(5,556)
Rent reserve
15,000
-
Insurance reserve
5,908
-
104,365
(5,556)
TOTAL FUNDS
117,774
3,318
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General reserve
72,040
Restricted funds
Contingency reserve
35
TOTAL FUNDS
72,075		 Transfers
between
At
funds
27.9.21
£
£
-
22,283
-
9,794
-
9,496
-
8,018
-
27,744
(5,000)
2,133
5,000
20,716
-
15,000
-
5,908
-
98,809
-
121,092
Resources
Movement
expended
in funds
£
£
(63,166)
8,874
(5,591)
(5,556)
(68,757)
3,318

continued...

Page 13

COVENTRY CANAL BASIN TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 27 SEPTEMBER 2022

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General reserve
Restricted funds
Capital equipment reserve
Promotional exhibition reserve
Environmental reserve
Special building projects reserve
Timber protection reserve
Contingency reserve
Rent reserve
Insurance reserve
TOTAL FUNDS		 At
28.9.20
£
13,409
9,794
9,496
8,018
27,744
7,133
21,272
15,000
5,908
104,365
117,774		 Net
movement
in funds
£
22,385
-
-
-
(11,693)
-
(5,993)
-
-
(17,686)
4,699		 Transfers
between
funds
£
(11,000)
-
-
-
10,000
-
1,000
-
-
11,000
-		 At
27.9.22
£
24,794
9,794
9,496
8,018
26,051
7,133
16,279
15,000
5,908
97,679
122,473

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General reserve
Restricted funds
Special building projects reserve
Contingency reserve		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
153,744
(131,359)
22,385
1
(11,694)
(11,693)
138
(6,131)
(5,993)
139
(17,825)
(17,686)
TOTAL FUNDS 153,883
(149,184)
4,699

continued...

Page 14

COVENTRY CANAL BASIN TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 27 SEPTEMBER 2022

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 27 September 2022.

Page 15

COVENTRY CANAL BASIN TRUST LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 27 SEPTEMBER 2022

----- Start of picture text -----
2022 2021
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Sundry receipts 9,525 241
Investment income
Rents received 72,179 71,415
Deposit account interest 104 419
72,283 71,834
Total incoming resources 81,808 72,075
EXPENDITURE
Charitable activities
Rent - other operating leases 9,000 9,000
Rates and water 3,867 3,910
Insurance 6,564 1,817
Light and heat 1,157 1,345
Cleaning and sanitation 7,535 6,940
Office equipment 335 487
Building & environmental works 26,559 27,015
Security systems 2,160 2,674
-
Timber protection 4,956
-
Special building project 11,694
68,871 58,144
Support costs
Management
Office costs 8,259 7,556
Advertising & promotion 483 385
Depreciation of tangible and heritage assets 540 635
9,282 8,576
Governance costs
Accountancy and legal fees 2,274 2,037
Total resources expended 80,427 68,757
Net income 1,381 3,318
----- End of picture text -----

This page does not form part of the statutory financial statements

Page 16