BSS Financial Information

BSS financial information

The Scheme aims to be self-financing.  It doesn't plan to make a profit, but nor does it aim to make a loss. Simply put, the Scheme's aim is to cover its costs.

It will continue to invest in improving customer service to all Navigation Authorities and inland waterways boaters as well as risk mitigation initiatives.

The BSS is subject to Canal & River Trust financial controls, reporting requirements and auditing processes.

Year End BSS Financial Accounts

At financial year-end the BSS, in conjunction with the Canal & River Trust financial team produces a set of complete and comprehensive financial accounts for the BSS, including narrative, conclusion and  recommendations before the end of month one (May) of the new financial year. 

Ratification of the BSS Certificate selling price

May 2015 - Members of the executive agreed that the fees to examiners for boat certification is maintained at £34.80 including. VAT for the sixth successive year.

Notes.

It should be noted that costs below are grouped in order to facilitate publication. 

 

Published results for FY 2014/15

The chart below is the agreed format for publication within the BSSMC meeting notes.

Profit and loss accounts

Plan

Actual

External Income

428,575.00-

502,695.87-

Payroll Costs

234,412.43

223,856.91

Staff Related Costs

15,781.72

34,696.27

Premises and Office Costs

50,174.60

33,100.18

Professional Fees

108,200.00

114,411.60

Controllable Costs

408,568.75

406,064.96

Total

20,006.25-

96,630.91-

 

Published results for FY 2013/14

The chart below is the agreed format for publication within the BSSMC meeting notes.

Profit and loss accounts

Plan

Actual

External Income

434,000.00-

484,663.64-

Payroll Costs

214,816.83

213,843.27

Staff Related Costs

28,774.36

14,841.66

Premises and Office Costs

42,800.00

32,255.30

Professional Fees

92,500.00

100,225.27

Finance & Other Costs

5618.56

15032.18

Total controllable costs

384,509.75

376,197.68

Total reserves

49,490.25-

108,465.96-

 

Published results for FY 2012/13

The chart below is the agreed format for publication within the BSSMC meeting notes.

Profit and loss accounts

Plan

Actual

External Income

431,000.00-

435,675.74-

Payroll Costs

209,571.28

209,152.93

Staff Related Costs

16,057.66

18,269.10

Premises and Office Costs

40,680.40

60,613.91

Professional Fees

93,500.00

56,023.72

Finance & Other Costs

16,600.00

4,789.54

Total controllable costs

376,409.34

348,849.20

Total reserves

54,590.66-

86,825.54-

 

Published results for FY 2011/12

The chart below is the agreed format for publication within the BSSMC meeting notes.

Account section

Actual

Plan

External income

469,450.04

430,587.47

Payroll

198,036.76

199,145.7

Staff related costs

26,794.56

29,686.1

Premises and Office costs

49,233.82

54,768.43

Professional Fees

52,975.57

56,489.38

Finance and other charges

14,505.13

18,145.44

Total Controllable Costs

341,545.84

358,235.05

Total Reserves

127,904.20

72,352.42