The Annual Report of the Trustees.

STOCKPORT CANAL BOAT TRUST FOR DISABLED PEOPLE (LIMITED BY GUARANTEE) Registered No. 3748419 (Registered Charity No. 1075844)

REPORTS AND FINANCIAL STATEMENTS 31 DECEMBER 2015 STOCKPORT CANAL BOAT TRUST C/O 57 WHALEY LANE WHALEY BRIDGE HIGH PEAK DERBYSHIRE SK23 7BA

STOCKPORT CANAL BOAT TRUST FOR DISABLED PEOPLE (LIMITED BY GUARANTEE) REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2015

CONTENTS 

Report of the Trustees  

Chairman’s Report on behalf of the Members

Statement of Financial Activities 

Balance Sheet 

Statement of Accounting Policies 

Notes to the Financial Statements 

List of Donors 

Independent Examiner’s Report 

STOCKPORT CANAL BOAT TRUST FOR DISABLED PEOPLE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES

The trustees are pleased to present their annual directors' report together with the financial statements of the st charity  for  the  year  ending  31  December  2015  which  are  also  prepared  to  meet  the  requirements  for  a directors' report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and  Articles  of  Association,  and  Accounting  and  Reporting  by  Charities:  Statement  of  Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities.  REFERENCE AND ADMINISTRATIVE DETAILS The Members who served during the financial year were:

 J S Dunlop (Chair)

K Jones

D S Hodgson

D J Bluff

Mrs S Woodgate

W Ardern

Mrs J Sheridan

Ms L Smart        

The  above  members,  none  of  whom  are  incorporated,  were  also  in  office  on  the  date  of  approval  of  the Reports and Financial Statements. The Charity’s bankers are The Royal Bank of Scotland plc, 27 Great Underbank, Stockport. The Auditors are Royles (Heaton Moor) Ltd., of 18 Heaton Gardens, 25 Heaton Moor Road, Heaton Moor, Stockport.

STRUCTURE, GOVERNANCE AND MANAGEMENT The Trust is a company limited by guarantee and not having a share capital.  The Memorandum and Articles of Association are its governing document. The charitable company was incorporated on 8 April 1999. The Trust is a registered charity. In  accordance  with  the  Articles  of  Association  there  shall  be  no  maximum  number  of  members  but  the minimum number shall be three. The Charity trustees are appointed by the existing trustees.

OBJECTIVES AND ACTIVITIES The Company’s main object as per the Memorandum of Association is:- ‘The relief of disabled persons by the provision of facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving their conditions of life’.

PUBLIC BENEFIT The  Trustees confirm  that they have complied with  the duty  in  section  17(5)  of  the  Charities Act  and the Charities (Accounts and Reports) Regulations 2006 to have due regard to public benefit guidance published by the Charity Commission.                                   During  the  financial  year  under  review,  in  order  to fulfil this  objective,  the  Trust  has  provided  short excursions in its  specially  adapted  narrow  boat  along  the Macclesfield  and  Peak  Forest  Canals  for  both mentally and physically challenged persons.

ACHIEVEMENTS AND PERFORMANCE                                                                                                                               During  the  financial  year  under  review  the  boat carried  more  passengers  than  any  other  year  in  the past decade, in addition we attended more fundraising events than at any time in our history. All of this activity contributed to a record year for income generation and a special mention must therefore be made to all the volunteers and the skipper without who's efforts this would not have been possible.      

 FINANCIAL REVIEW

Reserves policy It is the intention of the Members to utilise any reserves to ensure that the Charity can continue to operate in the foreseeable future. Sufficient reserves are maintained to fund the day to day running of the Charity and to ensure that funds are available to repair and renovate the boat when necessary. Restricted Funds There were no restricted funds received during the financial year & no funds carried over from the previous year.  

STATEMENT OF MEMBERS’ RESPONSIBILITIES

Company law requires the Members (who are also directors of the Charity for the purposes of company law) to prepare financial statements for each financial year. Under company law the Members must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of the excess of income over expenditure for that period. In preparing those financial statements, the members are required to:

select suitable accounting policies and then apply them consistently;

make judgements and estimates that are reasonable and prudent;

state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The Members are responsible for keeping adequate accounting records, which are sufficient to show & explain the Charity’s transactions & disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities.                                  

Annual Report of the Chairman to the Trustees

It gives me great pleasure to report on another very successful year for the Charity's canal boat, 'New Horizons'. As noted elsewhere in this report income,activity, and passenger numbers were increased in the current year. The continuing generosity of our regular supporters (list attached) especially the Jean Rich Foundation is very much appreciated as is those Companies whose employees find methods of supporting us and a special mention should also be made to Sue Slater who raised funds for us through running two marathons. The Charity would be nothing without the time given by a number of Volunteers (approximately 3,000 hours in the year) who willingly give up their leisure time to help run New Horizons in a variety of ways, be it crewing the boat or helping at fundraising events or making knitted toys for sale to name but a few. The Skipper, Peter Sharp, carries out a great deal of work to make the boat both safe and comfortable for the passengers and keeps it in extremely good order. He makes every effort to ensure the passengers enjoy their trip. The Trustees are grateful for both his efforts, always delivered with good humour, and those of the volunteers. The fund raising activity was extremely successful during the year at all regular festivals and for the first time at Buxworth Community Gala. The Trustees recognise and are grateful for the amount of effort that has to be expanded to raise funds, especially to Sue and Bob Woodgate who organise the tombola and shop. Everything sold on board or at boat festivals is made by hand including jams, jellies and woollen goods. The Skipper also plays a major role in this fund-raising activity. The planning around the development of the Marple Wharf moved forward slowly during the year and it is estimated that the planning permission for the housing development by CRT will be applied for in 2016. The current plan to locate New Horizons in a mooring in front of the new housing development is probably as good as could be expected but the storage situation is now giving some cause foe concern. However the Trust is grateful both to Marple Civic Society for their support over the years and to the canal and River trust for their understanding of the situation. In conclusion as Chairman I would like to express to all Honorary Officers and Trustees, especially Stuart Hodgson and Marion Eyres, who carry out their roles with little recognition of the work involved. I look forward to an interesting and challenging 2016 where the major effort will be to continue the growth of income and passenger numbers and cope with the building development of the houses which will present some logistical issues.                                                                                                                    

James Dunlop Chairman

April 2016  

 

STOCKPORT CANAL BOAT TRUST FOR DISABLED PEOPLE                                                      (LIMITED BY GUARANTEE)

      STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account)

CONTINUING OPERATIONS

Year to 31 December 2016

 INCOME AND EXPENDITURE INCOMING RESOURCES Incoming resources from generated funds:

Voluntary income – donations 11,188 

Activities for generating funds 5,060 

Investment income  69 

Incoming resources from charitable activities:

Boat hire 16,810 

TOTAL INCOMING RESOURCES 33,127 

RESOURCES EXPENDED

Costs of generating funds: 1,176 

Fundraising costs

Charitable activities 24,442

Other resources expended 757

TOTAL RESOURCES EXPENDED 26,375

NET INCOME FOR THE YEAR 6,752

Fund balances brought forward 37,202

Fund balances carried forward 43,954

 The accounting policies and notes  form part of these accounts. All income and resources are derived from continuing operations. All funds are unrestricted income funds.

STOCKPORT CANAL BOAT TRUST FOR DISABLED PEOPLE (LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 DECEMBER 2015

FIXED ASSETS Tangible fixed assets        211      

CURRENT ASSETS    Cash at bank and in hand  43,743 CURRENT LIABILITES 0

 UNRESTRICTED FUND - ACCUMULATED FUND 43,954

  The accounting policies & notes  form part of these accounts.

For the year-ended 31.12.15 the financial statements have been prepared in accordance with the accounting policies  set  out  in  the  notes  to  the  accounts  and  comply  with  the  charity's  governing  document,  the Companies  Act  2006,  the  Charities  Act  2011  and  Accounting  and  Reporting  by  Charities:  Statement  of Recommended  Practice  applicable  to  charities  preparing  their  accounts  in  accordance  with  the  Financial Reporting Standard for Smaller Entities.

The accounts were approved by the Members on       April 2016  and were signed on its behalf by J S Dunlop                                                                        D S Hodgson

                       STOCKPORT CANAL BOAT TRUST FOR DISABLED PEOPLE (LIMITED BY GUARANTEE) STATEMENT OF ACCOUNTING POLICIES

PRINCIPAL ACCOUNTING POLICIES

The  financial  statements  have  been  prepared  under  the  historical  cost  convention  and  in  accordance  with applicable accounting standards and follow the recommendations in Accounting and Reporting by Charities – Statement of Recommended Practice.  A summary  of  the  more  important  accounting  policies,  which  have  been  applied  consistently,  is  set  out below.

EXPENDITURE Expenditure is charged on an accruals basis, inclusive of irrecoverable VAT.  Direct charitable expenditure comprises those costs directly incurred in pursuance of the Charity’s charitable activities.

CASH FLOW The charity has opted to prepare the accounts under the FRSSE  and so a Statement of Cash Flows is not required.

TAXATION As  the  Charity  is  a  registered  charity  and  a  non-profit  making  organisation,  no  tax  liability  exists  on  its activities.

TANGIBLE FIXED ASSETS Depreciation is provided on the reducing balance basis to write off the cost of fixed assets over their anticipated useful lives at the following annual rates: 15% Plant and machinery

INVESTMENT INCOME Investment income on cash deposits is recognised in the period in which it is earned.                   INVESTMENT INCOME Interest received on cash deposits 69.

EMPLOYEES AND TRUSTEES Year to  31 December 31  2015 Wages & Salaries including Social Security Costs     17,274    Average No. of employees. Full time 1  

During the year, none of the Members received emoluments in respect of their services to the company. TANGIBLE FIXED ASSETS Plant and machinery £ COST At

1 January and 31 December 2015     3,000

DEPRECIATION At 1 January 2015 2,752

Charge for the year           37

At 31 December 2015 2,789

NET BOOK VALUE At 31 December 2015    211  

At 31 December 2014   248

 CAPITAL The Charity is limited by guarantee.  The liability of the Members is limited to £1 each.  The Members are not entitled to a distribution of assets in the event of a winding up or dissolution of the Charity.

 LIST OF DONORS

Furness Vale Boat Club

Jean Rich Foundation

R. B. Phillips Lyme 41 Club New Mills,

 Marple & District Rotary Club

Exors of Phemie Shotton (Deceased)

Sue Slater

Exors of Mavis Shelly

Nationwide Building Society

Marple Carnival Committee

Monton Lodge

Blemain Finance Ltd

Marple Locks Heritage Society

Asda            

 

Independent Examiner’s Report to the Trustees of Stockport Canal Boat Trust Limited This report on the accounts of Stockport Canal Boat Trust Limited for the year ended 31 December 2015, which are set out in the pages attached hereto. Respective responsibilities of the Trustees and Examiner The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (The Charities Act) and that an independent examination is needed. It is our responsibility to:

examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5)(b) of the Charities Act, and

 to state whether particular matters have come to our attention. Basis of this Report Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records, it also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ’true and fair’ view and the  report is limited to those matters set out in the statement below. Independent Examiners Statement In connection with our examination, no matter has come to our attention: 1. Which gives us reasonable cause to believe that in, any material respect, the requirements:

To keep accounting records in accordance with section 130 of the Charities Act; and To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or 2    To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Royles (Heaton Moor) Ltd                                                 date Chartered Accountants 18 Heaton Gardens 25 Heaton Moor Road Heaton Moor Stockport SK4 4LT 13

Queens Award for Voluntary Services

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