REGISTERED COMPANY NUMBLR: 01832794 (England and Wales) RECISTERED CHARrrY NUMBER: 516376 COVENTRY CANAL BASIN TRUST LIMITED UNAUDITED FINAN IAL STATEMENTS YEAR FNDED EP BER2 Arnlstrongs Chartered Accountants and Tax Advisers 1 & 2 Mercia Village Torwood Clo8¢ Westwood Business Park Coventy West Midlands CV4 8HX
OVENTRY CAI¥AL BASIIY TRUST IMITED CONTEIYTS OF THE FLYANCIAL STATEMENTS HE YEAR END 27 SEYTEMBER 24 Page Report of the Trustees Independent ExamlDer's Report Statement of Flnanelal A¢llvities Bslance Sheet Notes to the Financlal Statements 8 10 15 Detalled Statement of Flnanclal A¢tivilfe8 16
COVENTRY CANAL BASIN TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YFAR EIYDED 27 SEPTEMBER 2024 The trnstees who are also directors of the charity for the purp)ses of the Companies Act 2006. present their rq)ort with the fmancial slatements of the charlty for the year ended 27 September 2024. The trustees have adoptcd the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to cbarAtic4 preparing their accounts tn accordance with the Financial Reporting Standard applicable in the UK and Republic of trcland (FRS 102) (effective l January 2015). RFFFRENCE AND ADMINISTRATIVE DETAILS Registered Company number 01832794 (England and Wales) Registered Charity number 516376 Reglstered office Unit 2 Canal Warehouse Leicesier Row Coveniry CVI 4LH Trustee8 A Dyer F A Morion Ms M Havers D G Howell A Blundell J Yeadon Mt> S Goodfellow B C Barter A Trarr Chairnian & Trea8urer DArector Dxrector Director Director Director Dircctor Director Director Company Secretary MsMHav Independent Examlner Arni8trongs Chartered A¢countant8 and T&x Advisers 1 & 2 Mercia Village Torwood Close Westwood Business Park Covenlry Wesi Midlands CV4 8HX Page I
COVENTRY CANAL BASIN TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR EIYDED Z7 SEPTEMBER 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing do¢ument, a deed of tSt, and conStite$ a limited company, limited by guarantee, as def¢d by the Companies A¢t 26. Reerultment and appolntment of new trustees New trustees are recruited from persons who are famih'ar with Coventy8 canal basin and ils historic buildings and herilage and who have cattied out voluntary work for the trust over an extendd period. They will be people who have dernonstrated a concern for the con>erVatIon of Cov¢nty's canal b&8in as an area of special historic. environmental and archilecthral value. They will be familiar with the maintenance of the original historic warehouse building.9 in thc b&8in. They will also have detnonstratcd an understanding of the aims and objectives of the Canal Basin Trust and its responsibilities in respect of the con%ervation of Coventy's Canal Basin and its historic architecture, Induetlon aDd traAning of new trustees IK)ng tcnn 8UPPOrtive activity on behalf of thc trusl and the canal basin generally will have provided volunteer workers and pro8pe¢tive trustees with an understsnding of the aims and responsibilities of the trnst. A new trnstee will be invited lo a board meeting and through question and answer and general discussion will undergo a thorough briefmg, The Iwst will also provide new trustees with a written inforniation pack describing the hi4tory of the canal basin and its environmental importance. Detailed infornwtion will be provided about the original warehouse building in th¢ basin together with its history and unique architectural fealures. The inforniation pack will also describe the iSt'S ongoitig rnanagem¢nt of the warehouse building with ils provision of workspaces for Covcntry-bascd clubs, cr¢alive pra¢titioners, public visitors and comjnunity activities. Organlsatffional structure Apart fron] ihe roles of 8ecretary and treasurer the trust has no fornial managerial strncture. Individu Ini8tees have responsibility for carryin8 out de8ignated maintenance and conservation task8 or have specific responsibilities for general works on behalf of the trust. Examples of these are 'fwe prevenlion,. 'health and safety,, 'in8UTance', 'environment & garden,, 'timber inspection and maintenance,, 'sdi0 & workshop mana8ement', 'public liaison for visits & lours,, 'liaison with other local Conservation and educational organisations, including Coventry City Council, Coventy Canal Society and the Coventy History Society, etc,. All trustees work in close liaison with cach other in the execution of Ihese re&p<)nyibilities and all works are carried oul by trtee5 on a strictly voluntary basis. Sorne rooms and workshops in the warehouse are specifically used for ongoing Laie and maintenance work relaling to the Conservation of the building. Works, which cannot be carried out voluniarily by the trustees are carried out by local spcctalist businesses and individual8 whu are familiar with the ¢anal basin, the warehOUe building and the charitable aim8 of the trust. Rlsk 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 lo provide reasonablc assurance against fraud and error. Risks relating to thc material assels of the trust are managed by a nominated tru8tse who has responsibility for insLwance. health & Safety, and fire proleclion. Riyks relating to the fmancial welfare of thc tru¥t are the responsibility ol ihe Tr¢ayurer and are covered by several specifically targeted reserves. General building insurance is in the hands of the owncrs of the property (the Canal & River Trust), public liability insurancc is in the hands of a Coventy-ba8ed agency who are familiar with the propety and the aims of the trust. Fire detection, alarn) systems, extinguisher maintenance and 24-hour monitoring is in the hands of a local speLiali4t company (FLIfe Ltd) who have had responsibility for inspection and safely of the warehouse since the trust was e.stabli%hcd and the warehouse was restored in the 19808. 0ECTIVEs AND ACTIVTTIES Objectlves and alms Coventy Canal Basin Trust was incoryorated in 1985 to preserve the hi8tOry> architectLe and herilage of Coventy's canal basin. The cornpany was reEiStered as a charity on thc 13th of June 1985. The principal objectives and aims of the charity are enshrined in the company's mcjllorandum and Artic1&4 of Association.. To preserve for the benefit of the cilllens of Coventry in the County of We,sl Midlands and of ihe nation at large, whatever of the English industrial. hisloyical. architetthral and consln4Ctional heritage may exisl in and around the C(Jvenlry Canal Basin ai Leice31er Row. Covenlry in the fomi of the buildings of particular beauty or indu3tfk71. historical, architectural or constniciional inleresl. Page 2
COVEI¥4TRY CANAL BASIN TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 27 SEPTEMBER 2024 Significant activltles The original warehousillg (the WarehOse,) in the canal basin was fully r&8tored by the trnst between 1985 and 1987. The trust has a full repairs and maintenance lease on the warehouse building and since it's restordtion therc has been some general exterior deteriorntion and interior deterioration, including fixtures and tittings in sthdios and workshops due to wear and tear. Also, there ha8 bcen ongoing restoration work needed which wasn't covered by thc origiinal restoration grant. Dunng each year substantial improvements are made to electri1 and plutnbing fixtLW¢S and to those. parts of the Warehouse that have needed to be upgraded. ACHIEVEMENT AIW4D PERFORMANCE Charltable activltle8 The trustees have continued to participate in publiL events in and around Coventry's canal basin - fairs, environmental improvernents. wildlife and heritage days, variou8 Gultural events, etc. Parties of visitors have been provided with lours of the warehouse building together with talks on the history and unique architectural features of the property. Lal schools and colleges have been given edu¢alional tours of studios and workshops and young artists, designers and crafispeople have been provided with space and facililies to develop and exhibit their work. In recent years an area of the canal basin, adjoining the original bridge and curtain wall, has been renovated and made into a public garden area to encourage local communtty events and leisure activities. All general management and promotional work relating lo these aciivities has continued to be Carried out unpaid by groupty of local volunteers- maitily the trustees. Fundralslng actIeS The Intee8 have continued to provide ttl0 and workshop spaces in the Warehouse for a wide range of local creative practitioner8 artists, Craftspeople, young designers. Meeting rooms, storage spaces and recreational facilities have been provided for a variety of local clubs and societies. Quayside sloragc and access continues to be provided for canoc-related youth groups and ¢lubs and many young people enjoy these facilities on a regular basis. In line with its requirement to maintain and pre8erYe thc warehouse building the tswt ha8 continucd to mainlain paramount occupancy of the premises and has continucd its System of charging a fee for use of Sthdios, workshops, club meeting rooms and recreational facilities on an acce88 only ba818. This income has enabled the charity to meet all its building preservation, maintenance and environmental co%t4 and general management overhead¥ without having to seek funding from public or external sources. Investment performanee The trnstees mainiain a bank account for day to day building and management costs. A bullding society acLount 18 al80 maintsined which holds several approvcd and itemised reserves. These arc restricted funds specAfically designed to deal with special projects relating to the general operations and conservation cosL¥ of the trnsl, Spreading the financial assets in this way ensures ready access to funds to mect the various building maintenance and improvement nth4s and also ensures that the funds are not at risk resulting from all eLg8 being in one basket. FINANCIAL REVIEW Rcserve8 poliey The canal basin warehousing and environmental works were originally carried out between 1985 and 1987 with the aid of an Urban Programmc gralll. Thc warehouse building mainly dates from the 18th and early 19th centuries and is particularly vulnerable to wear and tear. The trust has a full repaxrs and maintenance lease with the propety owners (Canal & River Twst) which means that. besides general Maintenance work there is a need for periodic major renovation and improvements works io be c8rricd out. Also, much of the restoration work completed in 1987 will nced to be repeated at various times in the future. The Canal Basin Trust has 85 years remaining on its lease. The tntee8 are sensitive to the fact that the trust must remain self-supporting well into the futhre if its long tern) aim8 and objectives are to be continued beyond the current generation of trustee$. Under the currenl regime on-going management and ainlenance costs Gan be met together with specific future improvement and restoration work on the historic buildings in the canal basin. On-going and future maintenance and improvements will continue to be funded from reserves that the trustees have created specifically for this work 'special building projects,, 'cnvironmental projects., 'timber preservation,, 'contingen¢y' and various 'de8ign and promotion. projecls which maintain the tsst.$ profile as a historic buildinbF conyervation charity. The extensive external timberwork which overhang8 the canal and quayside, and which ¢onstitutC8 thc fi)ur loading bays, has to be treated periodically with wood preservativG along with other iMproveent and maintenance work. In recent years serious leakages of canal water have seyd inlo basemcnt units which has added to th¢ ov¢rall maint¢nanGc costs of the prop¢ty and has dra significantly on reserves. Page 3
COVENTRY CANAL BASIN TRUST LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 27 SEPTEMBER 2024 Principal funding sources The trustees do not raise fund¥ frorn public sourc¢s or private donations. All income is generated through renting studios and workshop space$ on a temporary fee-payinE b&8is in the warehouse to aTtists, design¢r& ¢rdfL8pcople and recreational and community faciliti&s for a variety of local clubs and societies. To meel ils maintcnance and preservation requir¢m¢nts and to maintain its cbaritsble status the Canal Basin Trust remains in baramount occupation, of the warehouse building. No user of the workshops, studios or meeting rooms has a fornial lease or licence and they can only use rooms and facilities on a tcmporary fee-paying basis. This aThngement allows the twst to raise all the funds needed to meet its chariiable aims but at the same lime remain in overall control of every part of the hi8toric propety. A small ongoing income oc¢a%ionally arises from the sale of promotional material relating to the hislory and development of the canal basin and the warchouse and the artistic and general creative activities that take place within it. Over a period of 40 years the trust ha% CUred that the warehouse building, through its range of studios and workshops, generates sutTi¢ienl fijnds for it8 own conservation and mainlenance. It has been a self-8UPPOrting and successfully sustainable consttvation programme. Investment pollcy and obJeetlve$ Owing to the age and vulnerability of the warehouse buildings the Investment of the company's reserves is dictated by the nc¢d to have ready access to funds for specific building maintenance and improv¢m¢nt projects as they arise. The r¢serves are divided between a building society account and a bank account to ensure the fundy attract the best return considering thai they mu8t not be at risk and must be readily available for u8e. Where possible the trust taket• Out a short terni bond ihrough the building society account. This provides additional interest without risking the re8¢rve¥. FUTURE PLANS The trustees, long-terni aim 18 to continue to make the Warehouse and the historical environment al Coventy'N canal ba¥in entirely sustainable through self-funding. Maintenance and preservation of the hiSriCal heritage of Coventry's Canal basin and its architectural heritage (the charitable aims of the trust) continues to be mainiained without relying on extcrnal fundAng, temporary grants or unprediGtablc bources of income. This report h&8 bccn prepared in aeeordance with the special proviyion8 of Part 15 of the Companie8 Act 2006 relatin8 to small companie8. 2L 2>1>- Approved by order of the board of tTU8tees on .....,....................................... and signed on its behalf by: A Dycr- Trustee Page 4
INDEPENDENT EXAMINERIS REPORT TO I'HE TRUSTEES OF COVENTRY CANAL BASIN TR Independent examiner's report to the trustees of Coventry Canal Basin Trust Limited ('the Company I rq)ort to the charity tnlee8 on my examination of the accounts of the Company for the year ended 27 September 2024. Responsibilitles and basls of report As the charily's trustees of the Company (and also it4 directors for the pury)oses of company law) you are reSponble for the preparation ofthe accounts in accordance.wiih 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 re8pcct of my examination of your charity8 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 Conmnission under Section 145(5) Ib) of the 2011 Act. Independent examlner's stAtement I have compleied my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe: accountin8 records were not kept in T&gpect of the Company as required by Section 386 of the 2006 Act. or the accounls do nol accord with tho¥e records; or the accounts do not comply with the accounting requirenjents of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is Dot a matter con8idered as part of an independettt examination. or the accounts have noi been prepared in accordan¢e with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in aordanCe wilh the financial Rcporting Standard applicable in the UK and Republic of lttland (FRS 102)). I have no concern¥ and have come across no other matters in conncction with the examination to which attention ¥hould be drawn in this report in order to enable a proper understanding of the accounts io be reached. Muhammed Shabbir FCA, FCCA Amistrongs Chartered Accountants and Advisers 1 & 2 Mercia Village Torwood Close Wegtwood Business Park C'oventy West Midlands CV4 8HX Date: ............................................. Page 5
COVENTRY CANAL BASIN TRUST LLIIITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 27 SEPTEMBER 2024 2024 Total funds 2023 Totsl fun&8 Unrestricted fund Restricted funds Noles INCOME AND ENDOWMENTS FROM Donations and legacies 1,300 1.300 561 Investment income Total EXPENDITURE O Charitable activilles Building maintenance & tnanagement NET INCOMEI(EXPENDITURE) 13,671 (12,007) 1,664 4,836 RECONCILIATION OF FUNDS Total funds brought forward 13,922 113,387 127.309 122.473 TOTAL FUNDS CARRIED FORWARD 101380 128 973 127 309 The notes forni part of th&8e financial statements Page 6
OVENTRY CAI¥AL N TRUSTL TED BALANCE SHEET 27 SEPTEMB R 2024 2024 2023 Notes FIXED ASSETS Tangible assets io CURRErYr ASSETS Cash at bank and in hand 133,810 132,026 CREDITORS Amounts falling due within one year (4,837) (4,717) NET CURRENT ASSETS 128 973 127,309 TOTAL ASSETS LESS CURRENT LIABILITIES 1211,973 127,309 IYET ASSETS 128 973 127 309 FUNDS Unrestricted funds Restricted funds 13 27,593 101380 13,922 113.387 TOTAL FUNDS 128 973 127 309 The charitable company is entitled to exemption from audit under Section 477 of the Companie8 Act 2006 for th¢ year ended 27 Sepiember 2024. The members have not required the Company io obtain an audAt of its financial Ntatements for the year ended 27 September 2024 in accordance with S¢¢tion 476 of the C'ompanies Act 2006, The trustees acknowledge their respon¥ibilities for {a) ensuring that the charitable company keeps accounting recor&y that comply with Sections 386 and 387 of the Companles Act 2006 and prq)aring fmancial statements which give a trne and fair view of the ¥lale of affairs of the charitable company as at the end of each financial year and of its surplus or deficil for cach financial year in accordance with the Tequirement¥ of Sections 394 and 395 and which otherwise comply wilh thc requirements of the Companies Act 2006 relatin8 to financial slatements, so far a8 applicable to the charitable company. (b) These fllwirial statement8 have been prepared in accordance with the provisions applicable to charitable Companies subject to the small companies rcgime. The financial statements were approved by the Board of Trnstees and authorised for i&8ue on were signed on its behalf by". A Dyer- TEUStee The noles forni part of these fmancial statements Page 7
COVENTRY CANAL BASIN TRUST LIMITED NOTES TO THE FINAI¥4CIAL STATEMENTS FOR THE YEAR ENDED 27 SEPTEMBER 2024 ACCOUNTING POLICIES Basls of preparlng the fmancial statements The financial statements of the chaTitsble company, which is a publiti bcnefit entity und¢r FRS 102, have be prcpared in accordance with the Charities SORP (FRS 102) 'Accountin¥ and Reporting by chwit1. Statement of Recomm¢nd¢d Practice applicable to charities preparing their accounts in acwrdance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) {effective l January 2019),. Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republic of treland, and the Companies Act 2¢X)6. The fllwicial statements have been prepared und¢r the historical c08t convention. Income All income is recognised in the Statement of Financial Activities once the charity hat> entitlement to the nds, it is probable that thc income will be received and the amount can be measured reliably. Expendlture Liabililies are recogni.¥cd atri expend1the as soon as there is a legal or conslruciive obligaiion committing the charity to that expenditurc, it is probable that a transfer of economic ben¢fits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrual¥ basis and has been ¢las8ified under headings that aggregate all cost related to the category. Where costs Gannot be directly attributed to particular hcadin8S they have been allOted io aotivities on a basis consistent with the u8e or resources. Tanglble flxed assets Depreciation is provided at the following annual rates in order to WTite off each asset over its estimated uyeful life. Equipment 330/0 on cost Taxatlon The charity is exempt from corporation tax on its ¢haritable activities. Fund accountlng Unrestricted ndS can be used in accordance with the charAtable objectives at the discrelion of the trusteey. Restricted funds can only be used for particular reslricted purp08eN within the objects of the charity. Restrictions arise when splfied by the donor or when funds Bre raised for particular restricted purposes. Further explanation of the nature and pUse of each fund is included in the notes to the financial statemenis. Hlre purchase and leasing commltments Rentals paid under operating l¢ases are charged lo the Statement of Financial Activities on a Straight line basi8 over the p¢riod of the leas¢. Page 8 ntinued...
COVENTRY CANAL BASIN TRUST LIMITED TES TO THE FINANCIAL STATEMEPITS - eontinued HE YEAR F.NDED SEPTEMBER 2 24 DONATIONS AND LEGACIES 2024 2023 Sundry rec¢ipts 1,300 561 INVESTMEIYT INCOME 2024 2023 Rents received Deposil account interest 71,177 70,040 947 CHARII'ABLE ACTIVITIES COSTS Direcl Costs (see note 5) Support cosL¥ (see note 6) Totals Building maintenance & management DIRECT COSTS OF CHARITABI,E ACTIVITIES 2024 2023 RL1 - other operating leases Rales and water Insurance Light and heal Cleaning and 8anitation Office equipment Building & environmentsl works Security systems Special building project 9,000 5,099 6,712 1,861 8,451 409 15,947 3,409 9,000 3,967 6,370 1,022 8,586 1,395 17,433 2,943 SUPPORT COSTS Governance costs Management Total$ Building maintenance & management Page 9 ontinued...
COVENTRY CANAL BASIN TRUST LIMITED NOTES TO THE FINANCIAL STATEI¥IENTS - contfinued FOR THE YEAR SEPTEMBLR 2024 13. MOVEMEYr tN FUNDS Net movernent in funds Transfers between funds At 28.9.23 At 27.9.24 Unrestrlcted funds G¢neral reserve 13,922 13.671 27.593 Restrfeled fund8 Capiial equipment reserve Promotional exhibition reserve Environmental reserve Special building projects reserve Timber protection reserve Contingency reserve Rent reserve Insurance reserve 9,794 10,256 10.018 27,051 7.133 28,227 15,000 5,908 9,794 8.356 10.018 23,665 7,133 19,506 15,000 (2,900) I,ocK) (10,386) 7,000 1,279 (10,000) 113387 12.(K)71 101380 TOTAL FLryDS 127 309 128973 Nct movement in fvnds. included in the above are as follows.. Incoming resources Re.40ur¢e ¢xp¢nd¢d Movement in fun&y Unrestrieted fund$ General reserve 75,980 (62,309) 13,671 Restrieted fund$ Promotional exhibition reserve Special building projects reserve Contingency reSee {2,900) (10,386) {2,900) (10.386) TOTAL FiiNDS 75 595) Page 12 ontinued...
COVENTRY CANAL BASIN TRUST LllVAITED NOTES TO THE FINANCIAL STATEMENTS - eontinued R THE YEAR D 27 SFPTEMB 2024 SUPPORT COSTS - contlnlled Support costs, included in the above, are as follows.. 2024 Building maintenancc & management 2023 Totsl activities Office costs Advertising & promotion Bank charges Accountancy and legal fees 8,611 3,082 9,744 3,742 NET INCOMEI(EXPENDITURE) Net in¢om¢/{¢xpenditure) is stated aftcr chargin(CreditIO8). 2024 2023 Other operatin8 leeS TRUSTEES, REMUNERATION AND BENEFI'TS There were no lrnstees, remuneration or other benefils for the year ended 27 September 2024 nor for the year ended 27 September 2023. Trustees, expense$ Thcrc were no tru$tee8' expenses paid for the year ended 27 Septcmber2024 nor for the year ended 27 September 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricied fLmd Restricted runds Total funds INCOME ND ENDOWMENTS FROM Donations and legacies 561 561 Illvc8lment income 948 Total 948 EXPENDITURE Oly Charltable gctlvitles Butldtng maititenance & management T INCOMEI(EXPENDITURE) Transfers between funds 7,128 18,000 (2.292) 18,000 4.836 Net movement ID funds (10,872} 15,708 4,836 Page 10 continued...
COVENTRY CANAL BASIN TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR LNDED 27 SEPTEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted fid funds Total funds RECONCILIATION OF FUNDS Total funds brought forward . 24,794 97.679 122,473 TOTAL FUNDS CARRIED FORWARD 113387 127,309 io. TANGIBLE FIXED ASSETS Equipment COST At 28 September 2023 and 27 September 2024 DEPRECTATtON Al 28 September 2023 and 27 September 2024 NET BOOK VALUE At 27 September 2024 At 27 September 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accruals and dcferred income 12. ANALYSIS OF IYET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Totsj fimds Unrestricted fund Restricted fid8 Fixed assets Cwrent assets Current liabilities 253 32,177 (253) 101,633 133,810 132,026 101380 128 973 127 309 Pagell continueiL..
COVENTRY CANAL BASIN TRUST LIMITED OTES TO THE FINANCIAL STATEMENTS - contlnued THE YEAR FI¥4DED 2 BER 2024 13. MOVEMENT IN FUNDS . conthiued Comparatlves for movement in funds Net movement in funds Transfers between funds At 28.9.22 At 27.9.23 Unrestrlcted funds General T&serve 24.794 7,128 (18,000) 13,922 Restrieled funds Capital equipment reserve Promolional exhibition reserve Environmenlal re8crve Special buildAng projccts reserve Timber proleciion re8crvc Contingency reserve Renl reserve In$ut7nce reserve 9,794 9,496 8,018 26,051 7,133 16,279 15.000 9,794 10256 10,018 27,051 7,133 28,227 15,000 (3,240) 4,Crf)O 2,000 1,000 948 11,000 113387 TOTAL FiJNDS 122.473 127 309 C'omparative net movement in funds, included in the Above are a8 follows: Incoming resources Resources expended Movemcnl in funds Unrestrlcted funds General reserve 70,600 {63,472) 7,128 Re8trlcted fund$ Promotional exhibition reserve Contingency reserve (3.240) (3,240) 948 948 948 'I'OTAL FUNDS 66712) Page 13 continued...
COVENTRY CANAL BASIN TRUST LIMITED OTES TO THE FINANCJAL STATEMENTS - e OR THE YEAR F.NDF.D 27 SEPTE 13. MOVEMENT IN FUNDS- continued A current year 12 months and Prior ycar 12 months combined position AS as follows: Net movement in filnds Transfers between funds At 28.9.22 At 27.9.24 Unrestrlcted funds Gen¢ral res¢rve 24,794 20,799 (18,000) 27,593 Re8trlcted funds Capitsl equipment reserve Promotional exhibition reserve Envir()nmental reserve Special building projects Teserve Timbcr protcction reserve Contingency reyerve Rent re8erve Insurance reserve 9,794 9,496 8,018 26,051 7,133 16,279 15,000 9,794 8,356 10,018 23,665 7,133 19,506 IS.0 (6,140) 5.000 2.000 8.000 {10,386) 2,227 1,000 ioi TOTAL FUNDS 122 473 128 973 A cuffent year 12 months and prior year 12 montlL8 combined net movement in funds, included in the abovc ar¢ as follows: Incoming re8ourccs Resources expended Movement in funds Ullrestrleted funds General reserve 146,580 (125,781) 20,799 Restrleted funds Promotional exhibition reserve Special building project8 reserve Contingency reserve (6,140) (10,386) (6,140) (10,386) TOTAL FUYDS 148 807 (142 307) Page 14 continued...
COVENTRY CANAL BASIN TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continue FOR THE YE NDED 27 SEPTEMBER 14. RELATED PARTY DISCLOSURES There were no related party transactions for the y¢ar ¢nd¢d 27 September 2024. Page 15
COVENTRY CANAL BASIN TRUST LIMITED DETAILED STATEMENT OF FINAIYCIAL ACTIvrriES FOR THE YEAR ENDED 2 EVfEMBER 2024 2024 2023 INCOME AND ENDOWMENTS Donatlon5 and legacies Sundry receipts 1,300 561 Investment Income Rents received Deposit account interest 71,177 70,040 947 Total Ineoming resources 77,259 71,548 EXPENDITURE Charltable activitles Rent - other operating leases Rates and water Insurance Li&iht and heal Clcanin&y and sanitation Office equipment Building & environmenlal works Security Sy8tem4 Special building projecl 9,000 5,099 6,712 1,861 8,451 409 15,947 3,409 9,000 3.967 6,370 1,022 8,586 I,395 17,433 2,943 61,274 50,716 Support co$ts Manag¢m¢nt Office Costs Advertising & promotion 8,611 9.744 11,693 13,486 FIDaDee Bank charges Governftnce costs Accountancy and legal fees Total resources expended Net Ineome Thi8 page does not forni part of the statulory financial statements Page 16