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
Report of the Trustees
Chairman’s Report on behalf of the Members
Statement of Financial Activities
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)
D S Hodgson
D J Bluff
Mrs S Woodgate
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.
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
STOCKPORT CANAL BOAT TRUST FOR DISABLED PEOPLE (LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES (including Income and Expenditure Account)
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
Costs of generating funds: 1,176
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)
Exors of Mavis Shelly
Nationwide Building Society
Marple Carnival Committee
Blemain Finance Ltd
Marple Locks Heritage Society
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