Annual Report & Accounts 2001

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					Annual Report & Accounts 2001

Contents

Foreword by the Chief Executive 1 2 3 4 5 6 7 Background Waterways Ireland’s Organisation Managing and Maintaining Our Waterways Development and Restoration of the Waterways Protecting Our Waterways Heritage Marketing and Promoting Our Waterways Accounts 2002 - 2003

2 5 9 13 19 23 27 31

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Annual Report & Accounts 2001

FOREWORD BY THE CHIEF EXECUTIVE
The world in which the inland waterway network was originally created has changed beyond all recognition and the value of this resource is being increasingly appreciated. Waterways Ireland has many customers, with over two million visitors annually enjoying our waterways for boating, recreation, walking and angling. As the organisation with responsibility for the navigable inland waterways on the island, Waterways Ireland has made a significant contribution during the year to their enhanced management, maintenance, development and restoration, to support and build increased recreational and tourism use. As an organisation we place a high priority on maintaining our network of navigable waterways currently in our care in a useable condition. Waterways Ireland as a new Body, took significant steps during the year in discharging its waterways functions and in building a functioning corporate organisation. I am convinced that the foundation stones for its successful future development have been laid. I wish to acknowledge the encouragement and commitment given to Waterways Ireland by the Minister for Culture, Arts and Leisure and the Minister for Arts, Heritage, Gaeltacht and the Islands and their officials, as well as the support provided by the North/South Ministerial Council Joint Secretariat and the two Departments of Finance. I would also like to thank all the staff for their contribution to the work of Waterways Ireland, including seconded staff, most of whom have now returned to their parent departments. Waterways Ireland aims to be at the forefront of a new age in the restoration and development of the inland navigable waterway system, unlocking the potential of new opportunities and promoting the widest possible range of recreational uses for the benefit of all, with a purpose to become a premier brand centred on the waterways.

John Martin Chief Executive

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RÉAMHRÁ ÓN BPRÍOMHFHEIDHMEANNACH
Tá an saol inar cruthaíodh an gréasán uiscebhealach intíre den chéad uair athraithe as cuimse agus tá leathnú ag teacht ar an tuiscint ar a luach mar acmhainn. Is iomaí custaiméir ag Uiscebhealaí Éireann agus os cionn dhá mhilliún cuairteoir sa bhliain ag baint taithnimh as na huiscebhealaí le haghaidh bádóireachta, caitheamh aimsire, siúlóide agus iascaireacht slaite. Tá obair shuntasach déanta i rith na bliana ag Uiscebhealaí Éireann, an eagraíocht ar a bhfuil cúram na n-uiscebhealaí intíre inseolta ar fud an oileáin, ar mhaithe le bainistiú feabhsaithe, cothabháil, forbairt agus athchóiriú orthu d’fhonn tacú agus cur leis an úsáid chaitheamh aimsire agus turasóireachta astu. Tugaimid, mar eagraíocht, tús áite do chothabháil an ghréasáin d’uiscebhealaí inseolta atá faoinár gcúram faoi láthair i gcaoi shábháilte, inúsáidte. Rinne Uiscebhealaí Éireann, ar Comhlacht nua atá ann, dul chun cinn suntasach i rith na bliana ag cur dó a chuid cúraimí maidir leis na huiscebhealaí agus ag cur eagraíochta corparáidigh feidhmiúla le chéile. Tá mé lánchinnte go bhfuil bunchlocha curtha síos ar a dtógfar go forbheartach san am atá romhainn. Ba mhaith liom spreagadh agus dúthracht an Aire Cultúir, Ealaíon agus Fóillíochta agus an Aire Ealaíon, Oidhreachta, Gaeltachta agus Oileán agus a gcuid oifigeach a admháil, chomh maith leis an tacaíocht ó ChomhRúnaíocht na Comhairle Aireachta Thuaidh/Theas agus ón dá Roinn Airgeadais. Ba mhaith liom chomh maith buíochas a ghabháíl le foireann iomlán Uiscebhealaí Éireann, an fhoireann ar iasacht a bhfuil a bhformhór anois ar ais ina gcuid ranna féin, san áireamh. Tá d’aidhm ag Uiscebhealaí Éireann bheith chun tosaigh i ré nua athchóirithe agus forbartha ar an gcóras uiscebhealaí intíre inseolta, ag cothú deiseanna nua agus ag cur an réimse is leithne is féidir d’úsáid chaitheamh aimsire chun cinn ar mhaithe le cách d’fhonn a bheith inár mbranda den scoth bunaithe ar na huiscebhealaí.

John Martin Príomhfheidhmeannach

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Annual Report & Accounts 2001

FOREWIRD FRAE THE HEID EXECUTIVE
The warld the inlaund watterwey netwark wis first sat up in is chynged ayont aa kennin an the vailyie o this resource bes cuman aye mair appreciate. Watterweys Airlann haes a wheen customars, wi mair nor twa million visitants ilka yeir enjyean our watterweys for boatin, recreation, waakin an anglin. Bean the organisation wi responsibilitie for the navigable inlaund watterweys on the islan, Watterweys Airlann haes haen a muckle inpit in the yeir tae thair enhanced management, uphauld, oncum an restoration, for tae hauld up an big mair recreational an tourism uiss. As an organisation we pit a heich prioritie tae uphauldan our netwark navigable watterweys in our tent thenou in a uiseable condition. Watterweys Airlann, bean a new Curn, taen muckle steps in the yeir, wi cairriean out its watterweys functions, an wi biggan a wirkan corporate organisation. A am sicar at the founs for its successfu futur oncum is efter apittan doun. A am for giean ken tae the encouragement an commitment gien Watterweys Airlann frae the Minister for Cultur, the Airts an Bytyme an the Minister for the Airts, Heirship, the Gaeltacht an the Islans an thair officials, forby the uphauld gien frae the North/South Ministerial Council Jynt Secretariat an the baith Depairtments o Finance. A am gye thankrif tae aa the wirkars for thair inpit tae the wark o Watterweys Airlann, comprehendan secondit wirkars, the maist fek nou awa bak tae thair parent depairtments. Watterweys Airlann is ettlet at bean tae the fore o a new age in the restoration an oncum o the inlaund navigable watterwey seistem, uisean the abilitie o new inlets an forderan the braidest reinge o recreational uisses aible for the benefit o aa, wi an ettle at cumin a premier brand centret on the watterweys.

John Martin Heid Executive

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Annual Report & Accounts 2001

Background

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Background

Waterways Ireland, the largest of the North/South Implementation Bodies, is responsible for the management, maintenance, development and restoration of the inland navigable waterway system throughout the island, principally for recreational purposes. It is currently responsible for the following waterways: Barrow Navigation; Erne System; Grand Canal; Lower Bann Navigation; Royal Canal; Shannon-Erne Waterway; and Shannon Navigation. Waterways Ireland was also charged with: Taking forward appropriate studies and appraisals in relation to the possible restoration of the Ulster Canal; and Taking over the control of Shannon-Erne Waterway Promotions Ltd. Waterways Ireland covers an area of activity where enhanced impact and greater benefits can be achieved through an all island approach. The organisation’s focus during the year has been to bring the best ideas and work practices from both North and South to start building an organisation that will be a positive new force for development of the navigable waterways on the island.

Funding
Waterways Ireland is funded jointly by Dáil and Seannad Éireann and the Northern Ireland Assembly, with 85% of current funding by Dáil and Seannad Éireann and 15% by the Northern Ireland Assembly, reflecting the present distribution of the navigable waterways South and North. The Body’s expenditure during the year of this report was IR£17.7 million, £14.1 million Sterling. This was an increase of 50% on the previous year reflecting a full year of operation and the increased number of staff in the Body. In addition, Waterways Ireland is responsible for IR£47.5 million of expenditure allocated by Dáil Éireann as part of the National Development Plan for inland waterways development in the South over the seven year period from 2000 to 2006.

Accountability
Waterways Ireland is accountable to the North/South Ministerial Council (NSMC) which approves its funding; and in turn is accountable to the Northern Ireland Assembly and Oireachtas na hÉireann for the organisation’s performance and effectiveness. Departmental responsibility for Waterways Ireland rested during 2001 with the Department of Arts, Heritage, Gaeltacht and the Islands (DAHGI) in the South and the Department of Culture, Arts and Leisure (DCAL) in Northern Ireland.

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Waterways Ireland’s Organisation

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Annual Report & Accounts 2001

2.1 Staffing and Structure
Waterways Ireland will have 381 personnel when its full staff complement is recruited: 124 professional, technical and administrative staff; and 257 operations staff. This will include a Chief Executive, supported by five Directors covering Operations, Finance and Personnel, Marketing and Communications, Corporate Services and Technical Services. The organisation’s Headquarters is in Enniskillen, Co Fermanagh. The navigable waterway system on the island is divided into three Regions, each with a Regional Manager. Regional Offices are located in Carrick-on-Shannon, Co Leitrim, for the Northern Region; Scarriff, Co Clare, for the Western Region and Dublin for the Eastern Region with operating depots at Tullamore, Co Offaly; Ballyconnell, Co Cavan; Athlone, Co Westmeath; Kilclare, Co Leitrim; and Portumna, Co Galway. For the first half of the year Waterways Ireland was staffed through secondments North and South. As the year progressed staff numbers declined, as seconded staff returned to their parent departments. The organisation does not expect to reach its full staff complement until 2003. A number of significant steps were taken during the year to put the new organisational structure in place: The appointment of the Chief Executive was approved at the North/South Ministerial Council on 29 January 2001. 221 staff from the Department of Arts, Heritage, Gaeltacht and the Islands in the South, were formally transferred to Waterways Ireland in May. Three Regional Managers were appointed in July. A Director of Operations and Director of Finance and Personnel were appointed towards the end of the year. A major recruitment drive for managerial and administrative staff commenced in November 2001. To enable Waterways Ireland to fulfil its responsibility for the development and maintenance of the navigation on the Erne System and the Lower Bann Navigation, the temporary Service Level Agreement with the Rivers Agency in Northern Ireland was extended, until staff can be formally transferred to Waterways Ireland, and personnel recruitment completed. This arrangement also covered the Warden Service on the Erne which has responsibility for enforcement of the Lough Erne (Navigation) Bye-laws.

2.2 Accommodation
Enniskillen Headquarters During 2001 Waterways Ireland moved from temporary offices at Paget Lane in Enniskillen, Co Fermanagh into two larger temporary offices at Darling Street (5,000 sq ft) and Belmore Street (10,000 sq ft).

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Waterways Ireland’s Organisation

Work has continued to progress the procurement of new waterfront headquarters, with final proposals being received from three shortlisted developers who were selected in response to a Public Tender Notice issued in November 2000. Regional Offices Waterways Ireland also progressed arrangements during the year to provide interim and permanent accommodation for each of its regional staff teams. Western Region Based in Scarriff, Co Clare, the Regional Office continued to operate from temporary premises at Market Square and arrangements were made during the year to lease a further 2,500 sq ft on the Mountshannon Road. A one acre site adjacent to Scarriff Harbour was purchased during the year for the purposes of extending the existing Harbour and providing the site for a new 10,000 sq ft Regional Office. Planning permission for the development was granted in November and detailed design work commenced in December. Northern Region In the last quarter of the year, Waterways Ireland secured a lease on 6,000 sq ft of office accommodation located on the Old Dublin Road in Carrick-on-Shannon, Co Leitrim. The Office of Public Works, on behalf of Waterways Ireland, conducted an assessment of possible sites for a permanent regional office in the Carrick-on-Shannon area and concluded that an acre of land already owned by Waterways Ireland would provide the most suitable location for the Body’s purposes. The next step involves carrying out a detailed site survey and initial design work. Eastern Region To provide accommodation for the Eastern Region 5,500 sq ft of office space at Ashtown on the Navan Road, Dublin was leased.

2.3 Finance and Accounting
The Department of Arts, Heritage, Gaeltacht and the Islands continued to provide the accounting function for Waterways Ireland throughout 2001 for all accounts payable, salaries/wages and travel payments in Irish Pounds. Waterways Ireland undertook all Sterling payments. Waterways Ireland established a Finance Section and a new invoice payment and tracking system to streamline and speed up the payments process and improve customer contact arrangements for supplier and internal queries. Budgetary and internal approval and control procedures were implemented to enable Waterways Ireland to meet its obligations under the Financial Memorandum.

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The accounts have been audited by the Comptroller and Auditor General Offices from both the South and the North and a copy of the audited accounts is included in this report.

2.4 Information Technology Developments
Work continued with the detailed specification of an IT system to support Waterways Ireland’s organisational development and a public procurement process was commenced. The receipt of bids was followed by site visits to observe the systems in operation and to further assess the proposals. A prime contractor, G C McKeown & Co Ltd was selected. Following approval in September 2001, a Steering Group with representation from Waterways Ireland, the Sponsoring Departments, and with professional support from PricewaterhouseCoopers, was formed to take forward the detailed negotiations to agree the contract and oversee the project.

2.5 Equality and Targeting Social Need
Waterways Ireland’s draft Equality Scheme, which addresses policies, procedures and practices in relation to Northern Ireland, was approved by the North/South Ministerial Council during the year and submitted to the Equality Commission in Northern Ireland. To enable Waterways Ireland to contribute to addressing social inclusion in Northern Ireland a New Targeting Social Need Action Plan was developed and submitted to the North/South Ministerial Council for approval. The organisation also contributes to delivery of the Programme for Prosperity and Fairness in the South through its work on the waterways supported by the National Development Plan. Sections of the waterways under Waterways Ireland’s management traverse some of the most excluded and disadvantaged areas North and South. In its future strategic planning Waterways Ireland is committed to addressing social need and creating opportunities for economic development, prosperity and social inclusion in these areas.

2.6 Departmental Liaison and North/South Ministerial Council (NSMC)
Waterways Ireland developed close working arrangements with its Sponsoring Departments (the Department of Arts, Heritage, Gaeltacht and the Islands in the South and the Department of Culture, Arts and Leisure in the North); the Departments of Finance, North and South; the North/South Ministerial Council and its Joint Secretariat. During 2001, Waterways Ireland participated in three NSMC meetings held in Scarriff, Enniskillen and Carrick-on-Shannon.

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Managing and Maintaining Our Waterways

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Due to the Foot and Mouth crisis in the early part of the year, Waterways Ireland closed the navigations to help prevent spread of the disease. Some works were inevitably delayed as a consequence of these measures.

3.1 Eastern Region
The programme of works undertaken in the Eastern Region in 2001 included:

Barrow Navigation
Dredging works were undertaken, to improve the navigable depth in the river navigation channel, at Aughnabinna Island, south of Milford, Co Carlow for approximately 1,100 m. Timber landing jetties, each 18 m long, were installed above and below the lock chambers at Borris, Ballingrane, Ballytiglea and Bestfield. A Swing Bridge at Milford, Co Carlow was installed and a replacement reinforced concrete retaining wall, clad in masonry, was constructed below Bagenalstown Lock.

Royal Canal
John Graham (Dromore) Ltd was appointed as Civil Engineering Contractors for the construction of the new Pake Bridge, Ballymahon, Co Longford and work commenced in December 2001. Work on strengthening, raising and widening a 1,500 m section of Cloonbreany Bog recommenced in March 2001 and was completed in July 2001. Bog reconstruction works were also completed where the Longford Branch meets the Main Line at Killashee, Co Longford over a 700 m length of channel. Timber landing jetties were installed below the 4th and 5th Locks in Dublin. In addition, an amenity jetty was provided at the Royal Canal Amenity Group Boat House, Confey, Co Kildare and timber landing jetties at Locks 21, 23, 24, 25 on the Killucan Flight. New lock gates were installed at Locks 42 and 43. Work on the Dublin Corporation/Waterways Ireland Joint Pilot Project to enhance the towpath between Newcomen Bridge, North Strand and Clarke’s Bridge, Summerhill was substantially completed in December 2001. A new Jacking Assembly was installed at Newcomen Junction Lifting Bridge to facilitate the passage of Royal Canal Boats from Mullingar, Co Westmeath to Dublin. This installation was completed to coincide with the World Canals Conference. Boats made their way down onto the River Liffey, up through Grand Canal Dock, arriving at Mespil Road; where the crews met with boats and barges that had travelled up the Grand Canal from the River Shannon and from Graiguenamanagh on the River Barrow.

Grand Canal
Dredging works were undertaken on a 600 m stretch of the Grand Canal, to improve the navigable depth, between Locks 1 and 2 on the Main Line at Kilmainham, Co Dublin.

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Timber landing jetties were installed at Lesson Street lock chamber, 12th Lock and at Locks 30, 31, 32 and 33, as well as a new Floating Jetty below the 36th Lock at Shannon Harbour on the Main Line and at Lock 26 on the Barrow Line. Work commenced in August 2001 on the Dublin Corporation/Waterways Ireland Joint Pilot Project (Phase 1) to upgrade the towpath between Portobello and Harold’s Cross. Phases 2 and 3 of this project were progressed by the design team to tender stage. Remedial works were carried out to Macartney Aqueduct, Ferbane, Co Offaly to seal the structure. Embankment strengthening was carried out to the remaining 2,300 m of canal bank between Blundell Aqueduct and Downshire Bridge, Edenderry. Embankment strengthening to 300 m of the north bank at Turraun and a 400 m section on the south bank east of Trimblestown Bridge was also commenced.

3.2 Western Region
The programme of works undertaken in the Western Region in 2001 included:

Shannon Navigation
An extension of the navigation into Limerick city was provided. The main components of the scheme were the construction of a 260 m long weir, lock gates at Sarsfield Lock were restored and three sets of floating moorings at George's Quay, Custom House Quay and Arthur's Quay were provided. The scheme greatly increases the window for navigation and for the first time, allows mooring in the heart of the city. This scheme was carried out in conjunction with Limerick City Council’s main drainage scheme. At Boyle, Co Roscommon, an extension to the navigation was opened. This allows boat traffic to come within easy reach of the town via a new 1,250 m canal coming off the Boyle river, passing under the recently opened Curlews by-pass road. The canal terminates at a harbour which can accommodate 27 vessels and comes complete with pump out station, fully equipped service block, car park and refuse disposal facility. The Ballinasloe, Co Galway scheme which terminates at a harbour close to the town facilitates navigation along the River Suck for 16 km. This extensive scheme involved the removal of two weirs, construction of a new lock at Pollboy, deepening of the River Suck and construction of a new harbour and fishery rehabilitation work. The new harbour consists of floating moorings, caters for 24 vessels and is fully equipped with a service block, water and lighting. The new lock is similar to other locks on the system, and is operated by a lockkeeper. This scheme was opened to boat traffic on 25 May 2001. The proposed scheme for a harbour and floating moorings at Ballyleague, Co Roscommon, was granted planning permission. This was appealed to An Bord Pleanála by a third party. Planning permission for the proposed extension to the quay in Scarriff, Co Clare, was granted but was appealed to An Bord Pleanála by a third party. Following the consent of the NSMC meeting in Scarriff to proceed with the Compulsory Purchase of three parcels of land, to facilitate the development of additional floating

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moorings at Shannonbridge, Co Offaly, an order was signed vesting the land in Waterways Ireland in September. Work on this scheme will begin next Spring when flood waters recede.

3.3 Northern Region
The programme of works undertaken in the Northern Region in 2001 included:

Lower Bann Navigation
On the Lower Bann Navigation work during the year included fabrication and installation of new deep lock gates at Movanagher, Co Antrim. The swing bridge at this location was also assessed for repair and maintenance work.

Erne System
On the Erne a programme to refurbish public jetties continued with works completed at Devenish (East & West), Trory, and Tirraroe, Co Fermanagh.

Shannon Erne Waterway
At Ballyconnell, Co Cavan, an 18 berth extension to the public moorings was completed. Waterways Ireland was delighted to welcome Minister Síle de Valera on 9 June, to see the development at first hand. A new bank-side walking route between Carrickmakeegan and Lisnatullagh, Co Leitrim was developed with the bridging of 52 drainage channels. De-silting operations were carried out on the Woodford River at the Aghalane public moorings and at the Senator George Mitchell Peace Bridge and also at Lock 1. An assessment into the provision of new dredging plant and barges to support the maintenance function was carried out, with a view to equipping the region for ongoing maintenance work.

3.4 Development of Relationships and Community Interface
Throughout the year Waterways Ireland continued to build new partnerships and working relationships with local authorities, private developers, special interest and user organisations together with community groups in areas through which the waterways pass. Waterways Ireland, in a joint project with Dublin Corporation carried out enhancement works on two pilot areas along the Royal and Grand Canals.

3.5 Bye-Laws
Scoping of work needed to review the existing bye-laws commenced during the year. Byelaws currently exist for the Shannon Navigation, the Erne System, the Shannon-Erne Waterway, the Grand and Royal Canals, and the Barrow Navigation and many date back to the eighteenth century.

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3.6 Health and Safety
In 2001, a Health and Safety Committee was established to assess current Safety Health and Welfare policy and practice within Waterways Ireland, and develop and implement a Waterways Ireland Safety policy and Safety Statement to reflect the dual legal framework within which Waterways Ireland operates. The main focus of the Committee during 2001 was: to develop a revised Safety Statement to reflect the requirements and legal obligations in each jurisdiction; to develop a safety management system; to review and commence the development of safe operating procedures and practice which encompass the main work areas within Waterways Ireland; to review, develop and initiate appropriate Health and Safety courses and training; to liaise with Health and Safety Authority/Health and Safety Executive as required; and to provide, through the Mechanical and Safety Services Section, expertise, advice, assistance and safety audits on individual aspects and items of safety management and at work sites, offices and depots.

3.7 Managing Our Capital Assets
The creation of Waterways Ireland as a cross-border Body involved the transfer of a considerable property asset portfolio from the Department of Arts, Heritage, Gaeltacht and the Islands and to a lesser extent the Department of Culture, Art, and Leisure. The Body has the task of managing this portfolio, which includes both the navigation infrastructure of locks, jetties, towpaths etc, together with land and property along the waterways. Waterways Ireland has begun building a property section within the organisation, to manage the property portfolio. It will also be developing policies to manage these assets for the benefit of the waterways, in a balanced and sustainable manner.

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Development and Restoration of the Waterways

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These are important functions linked to a new vision for the inland waterway navigations on the island.

4.1 The National Development Plan (NDP)
Waterways Ireland has responsibility for delivery of IR£47.5 million of expenditure as part of the National Development Plan. This funding is intended for the restoration and development of waterways in the South, in a programme running from 2000 to 2006. After extensive consultation with representatives of the Irish Boat Rental Association, the Inland Waterways Association of Ireland, the Heritage Council and Waterways Ireland’s staff, the following elements were included in the Plan: Completion of restoration work to link the Royal Canal to the Shannon; Improved navigation and facilities including jetties, moorings, and landscaping along the Grand Canal; Additional moorings at upgraded harbours, new extensions to navigations, and point moorings at new locations on the Shannon Navigation; and Improved navigation on the Barrow, including dredging and the installation of landing jetties and the repair of other structures.

4.2 North Capital Works Programme
Consultations were held with a wide range of interest groups to determine priorities for a programme of capital works on the Erne System and the Lower Bann Navigation over the coming years. A programme involving upgrading of facilities at existing popular destinations, a baseline assessment of usage of facilities to aid future planning and the provision of new facilities at additional destinations is being formulated. The programme will seek to improve navigation and facilities along the waterways, with the provision of landing jetties and public moorings and the dredging and marking of navigation channels.

4.3 Ulster Canal Feasibility Study
Completed in 1841, the Ulster Canal linked the Erne System to the Lough Neagh basin. Ninety years later in 1931 it was closed officially. In many places the course of the canal has been entirely erased with locks and bridges removed. The current state of the canal conceals the fact that the Ulster Canal was once a vital link in the waterways network on the island. If opened it would be possible to travel by waterway from Coleraine on the North coast to Limerick in the West, Waterford in the South and Dublin in the East. Waterways Ireland is charged with taking forward studies and an appraisal for consideration in relation to restoration of the Ulster Canal.

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Development and Restoration of the Waterways

Waterways Ireland completed an update of a feasibility study commissioned in 1997 into reopening the canal, which was presented to the two Sponsoring Departments in June 2001. This study recommended as the preferred option complete restoration of the canal with 6 m wide locks to allow integration with the adjoining waterways, taking a route incorporating greater river usage and opportunities for preservation of the waterways’ heritage value. It indicated that it would cost in the region of STG£89 million in 2000 terms over a seven year project period to re-establish the link. Waterways Ireland is continuing to provide support to the two Sponsoring Departments as they consider the findings of the feasibility study.

4.4 Design Support Services
The Engineering Design Section of Waterways Ireland provides expert civil, structural and environmental engineering design support for the programme of capital and maintenance work on the inland waterways. The Section supported ongoing works as well as managing surveys, assessments, detailed design, planning, costing/tendering, construction and commissioning for future works. In order to increase design support capacity when needed, applications were invited and a panel of suitably qualified Consulting Engineers formed. Among the design projects undertaken in 2001 were: Clonahenogue Canal – both the Kilscragh and Allens Bridge were structurally assessed and designs completed for the replacement and widening of both bridges. Athy Dry Dock – a new pump house chamber and submersible pump and associated civil works. Ballinasloe – a flood relief design and back channel pumping system was provided for the harbour. Bagenalstown – a design was prepared for the reconstruction of a stone faced retaining wall on the approach to Bagenalstown Lock. Floating Moorings – tender documents prepared for the supply and delivery of floating moorings to Tarmonbarry, Rooskey and Albert Lock.

4.5 Mechanical Services
Through the year, the programme of updating and expanding the current range of on and off road vehicles, excavation and dredging equipment, grass and weed cutting/harvesting machinery, workboats, survey and inspection vessels and construction plant continued. The design and development of a new model of weed cutting/harvesting boat was commenced.

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During 2001 major investment was made in a "Watermaster" – a multipurpose floating dredger/excavator. This unit is the only one of its kind on the island. It is capable of operation on canals, rivers, lakes and estuarial waterways and will provide Waterways Ireland with the most up-to-date specialist equipment currently available to assist the civil engineering development and maintenance of the waterways network. A program of mechanisation/automation of locks and sluices on the waterways continued, with the locks at Ballinasloe and Roosky being automated during 2001.

4.6 Major Initiatives
In the past year we have worked on two major initiatives which will seek to enhance the future development of the waterways. The first involves a significant site in Waterways Ireland’s ownership at the Grand Canal Docks in the South Dublin Docklands Area. Waterways Ireland has commissioned consultants to look at the options for development. The second project involves the use of canal towpaths in the greater Dublin area for ducting to carry a fibre optic highway. Waterways Ireland is exploring options that would both upgrade the tow paths for recreational use and provide benefits to the waterways.

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Protecting Our Waterways Heritage

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Protecting Our Waterways Heritage

The ecological systems on our inland waterways, offer a unique refuge that supports a huge diversity of flora and fauna. The waterways are teeming with plants and animals which were common less than 25 years ago throughout our countryside, but are now in decline as a result of modern farming methods. Careful environmental management is needed to preserve the balance between conservation of habitat, wildlife and the needs of other users. Waterways Ireland operates under the appropriate European and national environmental legislation. Fisheries interests are also a focus for particular attention in work undertaken by Waterways Ireland. The Body will continue to include appropriate measures in planned works to protect and encourage fish populations. The Central Fisheries Board has continued to undertake extensive fish stocking projects on behalf of Waterways Ireland and a myriad of breeds including pike, roach, beam and hybrids have been stocked in various stretches of both the Grand and Royal Canals. Waterways Ireland has continued to contract and work closely with the Central Fisheries Board to carry out baseline studies that will inform and guide our work with regard to water quality management, weed control and ecological issues. The current rapid rate of change to development of environmental legislation will continue to impact on Waterways Ireland work; for example the new EU Water Framework Directive requiring water to be managed on a holistic catchment basis. Waterways Ireland recognises the important role it has to play in protection and development of the built heritage of the waterways. The Body plans to develop policies to guide its work in this respect and also allow Waterways Ireland to play an important role in contributing to development of the National Heritage Plan in the South. Waterways Ireland will also be seeking to develop a close working relationship with the Environment and Heritage Service in Northern Ireland and contribute to their work.

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Marketing and Promoting Our Waterways

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6.1 Marketing Function
Under the legislation establishing Waterways Ireland, the Body is charged with engaging in marketing and promotion of the inland waterways for which it is responsible. In addition, the organisation took over the functions of Shannon-Erne Waterway Promotions Ltd (SEWP Ltd), a company which was formed in 1993 to provide a strategic focus to promote this particular waterway. After consideration and with approval of the North/South Ministerial Council it was decided to wind up the company on a voluntary basis. Its activities were subsumed into a Marketing and Communications Division which was formed within Waterways Ireland during 2001 to undertake marketing and promotion for all of the inland waterways within Waterways Ireland’s remit.

6.2 Formulation of Marketing Strategy
The process of formulating a Marketing and Promotional Strategy for Waterways Ireland began in 2001 with the invitation to a number of consultancy companies to forward proposals for a Marketing Strategy Report and recommendations covering the navigations under the remit of Waterways Ireland. The company selected was required to clearly identify how an effective marketing and promotion strategy could be delivered, having regard for the following issues: definition of the marketing and promotion objectives of Waterways Ireland; addressing the most effective method of delivering the strategy; recommendation of a budget for the strategy having regard for the limited funding available; indication of how key deliverables and longer term marketing objectives can be achieved and measured using appropriate performance indicators; and potential for linkage with other agencies, business and community groups and other niche tourism markets and heritage sites. Consultation will be carried out with waterway interest groups as to the objectives and mix of proposals they would wish to see incorporated into a waterways marketing and promotion strategy. In addition, Waterways Ireland will be establishing a Waterways Marketing Advisory Group representing various interests from users of the waterways, which will provide the Body with on-going advice and feed-back on its marketing and promotion policy and delivery.

6.3 Formulation of Corporate Identity
Tenders for the creation of a corporate identity for Waterways Ireland were invited in July 2001 from six consultancy companies. Five companies submitted portfolios before the closing deadline of 30 August 2001 and after assessment the contract was awarded on 13 October 2001. A Steering Group comprising representatives of Waterways Ireland staff was established by the Chief Executive Officer to oversee the process of design and selection of the corporate identity. A number of meetings were held at which the role and functions of Waterways

28

Marketing and Promoting Our Waterways

Ireland were considered and various themes for an identity were explored. The inspiration behind the creation of a new corporate image for Waterways Ireland was sourced from tales of Celtic mythology and folklore. The research led to stories and myths about how the Celts considered rivers, wells, springs and lakes as power sources and that water had therapeutic powers. Following the necessary approvals, Waterways Ireland proposes to implement its introduction on all materials, publications and fleet over the coming years.

6.4 Promotional Work Undertaken in 2001
Waterways Ireland attended a number of travel, trade and tourism events in 2001, including the Irish Marine Federation Boat Show and the Angling Ireland Exhibition. A number of promotional aids were produced including, information panels, flyers and brochures. Advertising was taken in a range of targeted print media to promote knowledge of Waterways Ireland and its work. A number of waterway events were sponsored by Waterways Ireland, including Youthcruise 2001 – organised by the Irish Peace Institute and Co-operation North. To promote increased recreational use of the waterways various prizes were sponsored for events on the waterways including the all-Ireland Junior Angling Championships and the National Angling Championships.

6.5 World Canals Conference
Waterways Ireland with its co-hosts the Inland Waterways Association of Ireland, the Department of Arts, Heritage, Gaeltacht and the Islands and the Department of Culture Arts and Leisure, organised the World Canals Conference in Dublin, Belfast and Lisburn in May 2001. The Conference theme of "Living Heritage" explored the contrasts between authentic restoration work and modern reconstruction; exploring the challenges in preserving the past heritage of our canals, whilst also developing them for future use as valuable recourses for recreation. Ireland’s wealth of varied examples, from the state of the art automation on the ShannonErne Waterway to the traditional splendour and restoration work taking place on the Royal and Grand Canals, offered delegates a source of inspiration. Minister de Valera opened the programme in Dublin Castle on 16 May 2001. The event attracted a large number of delegates, with over 200 people from North America, Canada, Europe, Ireland and the British Isles being given the opportunity to learn about canal developments throughout Europe and America.

29

Annual Report & Accounts 2001

The conference moved to the Waterfront Hall in Belfast on its second day where Minister McGimpsey opened the programme. The second day explored canal heritage in an urban setting, delegates having a presentation on the Laganside redevelopment followed by a walking tour in the afternoon. Participants were guests of Lisburn Borough Council that evening, which provided an opportunity to explore the new stretch of navigation on the Lagan, opened by the Council in developing their headquarters on the Lagan Canal. Returning to Dublin for the third day, the programme explored the use of modern technology in preserving and enhancing canals. Irish hospitality was extended by the Dublin Boat Rally Committee on the third evening, with optional tours available to delegates the following day to explore Ireland’s Canals.

30

Annual Report & Accounts 2001

Accounts

7

Annual Report & Accounts 2001

Foreword to the Accounts
Background Information
Waterways Ireland was established by means of an international treaty made on 8 March 1999 between the British and Irish Governments. This treaty was given domestic effect, North and South, by means of the North/South Co-operation (Implementation Bodies) (Northern Ireland) Order, 1999 and the British-Irish Agreement Act, 1999 respectively. Its functions are the management, maintenance, development and restoration of the island’s inland navigable waterway system, principally for recreational purposes. The accounts contained in this document refer to the year ended 31st December 2001. Waterways Ireland assumed responsibility for the Shannon Erne Waterway from 2nd December 1999 and on 1st April 2000 responsibility for the Grand Canal, the Royal Canal, the Erne, the Shannon, the Lower Bann and the Barrow Navigation was transferred to the Body. These accounts have been prepared in accordance with The financial arrangements of Part 7 of the British-Irish Agreement establishing Implementation Bodies; In a form directed by and approved by the Department of Community, Rural and Gaeltacht Affairs (DCRGA) and the Department of Culture, Arts and Leisure (DCAL), as provided for in the Body’s Financial Memorandum; and The Annual Report and Accounts Guidance provided by the Department of Finance and the Department of Finance and Personnel.

Business Review
A full review of Waterways Ireland’s activities is given in the Annual Report.

Results for the Period
The results of Waterways Ireland are set out in detail on page 8. The deficit for the period was IR£76,366 (STG£61,091).

Reporting Currency
Results are reported in both Sterling and Irish Pounds. Appendix 1 sets out the results for the period in Euro.

Fixed Assets
Details of the movements in fixed assets are set out in note 7 to the accounts. Waterways Ireland took over from DCRGA an asset portfolio comprised mainly of infrastructure assets such as waterways, canals, tow-paths, lock-houses and associated navigational features (locks, weirs, etc). Under guidance provided by the Department of Finance and the Department of Finance and Personnel definable major assets or components within an infrastructure system or network with determinable finite lives

2

Accounts

should be treated separately and depreciated over their useful economic lives. Waterways Ireland has not valued assets in this category. Waterways Ireland took over assets from the Rivers Agency in 2003. Certain assets including land, buildings and work in progress have not been valued in the accounts but a review of how these assets might be valued in the future is currently being carried out. See Note 1.3.

Research and Development
The Body has not participated in any research and development activities over the financial period.

Future Developments
Up to the end of 2006 there will be substantial capital developments in the provision of harbours and extension of navigable channels under the National Development Plan in the South and on a capital expenditure programme being developed for Northern Ireland. In both jurisdictions there will be substantial investment in the provision of new offices to serve as headquarters in Enniskillen and regional offices in Scarriff, Carrick-on-Shannon and Dublin.

Important Events occurring after the Year End
There have been no significant events outside the year-end, which affect these accounts.

Charitable Donations
Waterways Ireland made no charitable donations during the period.

Equality Policy
Waterways Ireland has prepared an Equality Scheme in compliance with the requirements of Section 75 of the Northern Ireland Act 1998 and is fully committed to meeting the equality requirements of both jurisdictions.

Employee Involvement
Negotiations took place throughout the period between parent departments, Waterways Ireland and the representatives of staff to be designated and transferred to the Body. During this period, all staff working for Waterways Ireland were on secondment to the Body and were subject to the terms, conditions and consultations arrangements of their own departments.

3

Annual Report & Accounts 2001

Practice on Prompt Payment.
Waterways Ireland is committed to the prompt payment of bills for goods and services received in accordance with the UK Late Payment Of Commercial Debts (Interest) Act 1998, and the Irish Prompt Payment of Accounts Act, 1997. Unless otherwise stated in the contract, payment is due within 30 or 45 days, as appropriate, of the receipt of the goods or services, or presentation of a valid invoice or similar demand, whichever is later. Waterways Ireland relies on the Department of Community, Rural and Gaeltacht Affairs to pay the majority of its bills and is subject to the prompt payment procedures operated by the department. Waterways Ireland will implement its own prompt payment procedures when it takes over the accounts payable function in the future.

Health and Safety
A Health and Safety Statement was prepared during the period for all the operations in which Waterways Ireland was involved.

Statement of Responsibilities
Waterways Ireland Responsibilities
The Department of Community, Rural and Gaeltacht Affairs and the Department of Culture, Arts and Leisure have directed Waterways Ireland to prepare a statement of accounts for each financial year in the form and on the basis set out in the accounts direction at Appendix 2 to these accounts. The accounts are prepared on an accruals basis and must give a true and fair view of the Body’s state of affairs at the year end and of its income and expenditure, recognised gains and losses, and cash flows for the financial year. In preparing the accounts Waterways Ireland is required to: Observe the accounts direction issued by the Department of Community, Rural and Gaeltacht Affairs and the Department of Culture, Arts and Leisure, including the relevant accounting and disclosure requirements, and apply suitable accounting policies on a consistent basis; Make judgements and estimates on a reasonable basis; State whether applicable accounting standards have been followed and disclose and explain any material departures in the accounts; and Prepare the accounts on the going concern basis, unless it is inappropriate to presume that Waterways Ireland will continue in operation.

4

Accounts

Chief Executive’s Responsibilities
The Chief Executive’s responsibilities, as the Accountable Person for Waterways Ireland, include responsibility for the propriety and regularity of the public finances and for the keeping of proper records as set out in the Financial Memorandum of the Body.

Statement on the System of Internal Financial Control
As Accountable Person, I acknowledge my responsibility for ensuring that an effective system of internal financial control is maintained and operated by Waterways Ireland. The system can provide only reasonable and not absolute assurance that assets are safeguarded, transactions authorised and properly recorded, and that material errors or irregularities are either prevented or would be detected within a timely period. The system of internal financial control is based on a framework of regular management information, administrative procedures including the segregation of duties, and a system of delegation and accountability. In particular, it includes: Comprehensive budgeting systems with an annual budget which is reviewed and agreed by the senior management; Regular reviews by the management of periodic and annual financial reports which indicate financial performance against the forecasts; Setting targets to measure financial and other performance; clearly defined capital investment control guidelines; and As appropriate, formal project management disciplines. Waterways Ireland does not yet have an internal audit service but it is intended to address this matter in 2003. My review of the effectiveness of the system of internal financial control is informed by the work of the executive managers within the body who have responsibility for the development and maintenance of the financial control framework. In future periods it will also be informed by the results of the internal audit reviews and also comments made by the external auditors through their management letter and other reports.

Chief Executive Date:

5

Annual Report & Accounts 2001

WATERWAYS IRELAND
The Certificate of the Comptrollers and Auditors General to the Houses of the Oireachtas and the Houses of Parliament
We have audited the accounts on pages 8 to 20. Our audit has been carried out pursuant to the provisions of the British-Irish Agreement Act 1999 and the North/South Cooperation (Implementation Bodies) (Northern Ireland) Order 1999 which require us to audit and certify, in co-operation, the accounts presented to us by the Body.

Respective Responsibilities of the Chief Executive and the Auditors
The responsibilities of the Chief Executive, including those pertaining to the preparation of the accounts and the regularity of financial transactions are set out in the Statement of Responsibilities on page 4. It is our responsibility to audit the accounts. As a result of our audit we express an opinion on the accounts. We review whether the statement on page 5 reflects the Body's compliance with applicable guidance on corporate governance and report any material instance where it does not do so, or if the statement is misleading or inconsistent with other information we are aware of from our audit of the accounts. We also report if, in our opinion, the Foreword to the Accounts is not consistent with the accounts.

Basis of Audit Opinion
We conducted our audit in accordance with Auditing Standards issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts, disclosures and regularity of financial transactions included in the accounts. It also includes an assessment of the significant estimates and judgments made by the Chief Executive in the preparation of the accounts, and of whether the accounting policies are appropriate to the Body's circumstances, consistently applied and adequately disclosed. We planned and performed our audit to provide us with sufficient evidence to give reasonable assurance that the accounts are free from material misstatement, whether caused by error, or fraud or other irregularity and that, in all material respects, the expenditure and income have been applied for the purposes intended by Dail Eireann and the Northern Ireland Assembly and the financial transactions conform to the authorities which govern them. In forming our opinion we have also evaluated the overall adequacy of the presentation of information in the accounts. The Body is required to comply with the Annual Report and Accounts Guidance issued by the Department of Finance and the Department of Finance and Personnel. Under this guidance all fixed assets should be capitalised and depreciated over their useful economic lives. Certain categories of assets have not been so treated and these are disclosed in note 1.3 to the accounts. Since the Body has not yet conducted the necessary valuation procedures it is not possible to quantify the extent of the understatement of assets and reserves at the Balance Sheet date. Consequently, the evidence available to us was

6

Accounts

limited and there were no other satisfactory audit procedures that we could adopt to confirm the valuation of these assets. In addition, the Body did not maintain a register of its fixed assets which militates against control over such assets. Otherwise, we have obtained all the information and explanations which were necessary for the purposes of our audit.

Qualified opinion arising from a limitation in audit scope
Except for the adjustments to the accounts that would have been made had sufficient evidence been available concerning the valuation of fixed assets, in our opinion; proper accounting records have been kept by the Body and the accounts, which are in agreement with them, give a true and fair view of the state of affairs of the Body at 31 December 2001 and of its transactions, total recognised gains and losses and cash flows for the year then ended and have been properly prepared in accordance with the accounts direction issued under governing legislation in all material respects the expenditure and income have been applied for the purposes intended by Dail Eireann and the Northern Ireland Assembly and the financial transactions conform to the authorities which govern them. See also our report on page 24.

John Purcell Irish Comptroller and Auditor General Dublin Castle Dublin 2 Ireland

J M Dowdall Comptroller and Auditor General for Northern Ireland 106 University Street Belfast BT7 1EU 28 October 2003

28 October 2003

7

Annual Report & Accounts 2001

Income and Expenditure Account for the year ended 31 December 2001.

Notes

IR£ 2001

STG£ 2001

IR£ 2000

STG£ 2000

INCOME Revenue Grants from Departments Release from Capital Grant Reserve Other Operating Income TOTAL INCOME 2 16,727,568 13,382,055 11,142,228 11 3 684,785 51,269 547,828 41,015 479,957 205,025 8,555,003 368,511 157,418 9,080,932

17,463,622 13,970,898 11,827,210

EXPENDITURE Staff Costs Programme Costs Other Operating Costs Depreciation 4 5 6 7 7,069,367 8,103,736 1,682,100 684,785 5,655,493 6,482,989 1,345,679 547,828 4,697,410 6,233,568 986,299 461,841 3,606,671 4,786,134 757,280 354,602

TOTAL EXPENDITURE Operating Surplus/(Deficit) for the Year Loss on Disposal of Fixed Assets Surplus/(Deficit) for the Year Balance transferred from DAHGI Amount Transferred to Revenue Reserve

17,539,988 14,031,989 12,379,118 (76,366) (76,366) (76,366) (61,091) (61,091) (61,091) (551,908) (18,116) (570,024) 414,898 (155,126)

9,504,687 (423,755) (13,909) (437,664) 318,558 (119,106)

The Body has no recognised gains or losses other than the results for the year as set out above. The net cost of operations arises wholly from continuing operations. The notes on pages 11 to 22 form part of these accounts.

8

Accounts

Balance Sheet as at 31 December 2001.

Notes

IR£ 2001

STG£ 2001

IR£ 2000

STG£ 2000

Fixed Assets Tangible Assets 7 3,256,179 2,604,943 2,688,002 2,063,848

Current Assets Cash at bank and in hand Stocks Debtors and Prepayments 128,907 635,914 733,132 1,497,953 103,126 508,731 586,506 1,198,363 40,252 523,200 67,616 631,068 30,905 401,713 51,916 484,534

8 9

Current Liabilities Deferred Income 10 796,955 932,490 (231,492) 3,024,687 637,564 745,992 (185,193) 2,419,750 67,616 718,578 (155,126) 2,532,876 51,916 551,724 (119,106) 1,944,742

Creditors - amounts due within one year 10 Net Current Assets/(Current Liabilities) Total Assets Less Current Liabilities

Financed by: Capital and Reserves Revenue Reserve Capital Grant Reserve 12 11 (231,492) 3,256,179 (185,193) 2,604,943 (155,126) 2,688,002 (119,106) 2,063,848

3,024,687

2,419,750

2,532,876

1,944,742

Chief Executive The notes on pages 11 to 22 form part of these accounts.

9

Annual Report & Accounts 2001

Cash Flow Statement for the year ended 31 December 2001.

Notes

IR£ 2001

STG£ 2001

IR£ 2000

STG£ 2000

Net cash inflow from operating activities

13.1

88,655

72,221

40,252

30,905

Capital expenditure and financial investment Payments to acquire tangible fixed assets 7 (1,252,962) Net cash inflow before financing (1,164,307) (1,002,370) (930,149) (643,675) (603,423) (494,214) (463,309)

Financing Capital funding received Increase in cash 11 13.2 1,252,962 88,655 1,002,370 72,221 643,675 40,252 494,214 30,905

The notes on pages 11 to 22 form part of these accounts.

10

Accounts

Notes to the Accounts for the period ended 31 December 2001 1. ACCOUNTING POLICIES
1.1. Accounting Convention The accounts have been prepared in accordance with the historical cost convention. Certain assets taken over from DCRGA and DCAL have not been included in the Balance Sheet (See Note 1.3 (ii) below). Without limiting the information given, the accounts are prepared on an accruals basis and comply with the accounting and disclosure requirements of the Companies (Northern Ireland) Order 1986, the Republic of Ireland Companies’ Acts 1963 to 2001, the accounting standards issued or adopted by the Accounting Standards Board and accounting and disclosure requirements issued by the Department of Finance and the Department of Finance and Personnel except for the matters included in Note 1.3(ii). 1.2. Income Income includes those grants receivable from the DCRGA and DCAL which were applied for activities in the current period. With effect from late 2001 permit and other navigation income is retained by the Body. Such income was previously surrendered to DCRGA. 1.3. Fixed Assets

Valuation
Tangible Assets reported include only boats, plant and machinery, vehicles, computer equipment and office equipment. Items with a useful economic life of over one year and with a value in excess of IR£1,000 are capitalised. There is no policy yet in relation to the impairment of fixed assets. The cost of plant and machinery and vehicles transferred from DCRGA at 2 December 1999 cannot be verified as no fixed asset register existed in DCRGA. The net book value of these assets at 31 December 2000 will be written off over five years commencing in 2001. A fixed asset register does not exist. A fixed assets register will be maintained for all assets purchased from 2 December 1999. Implementation of the register has not yet occurred but is planned for 2003. Until the register is implemented the figures in the accounts are estimates. Details of disposals are not included in the accounts.

11

Annual Report & Accounts 2001

Certain assets have not been capitalised in the accounts: i. Pending the determination of the value of land and buildings owned by Waterways Ireland such assets have not been capitalised. The transfer of land and buildings from the Department of Agriculture in the North have not yet been agreed but discussions are on-going. Details of the land and buildings in the South are being compiled but were not ready for the 2001 accounts. STG£4m (IR£5m) of capital expenditure included in Programme Expenditure has not been capitalised. It is expected that both parent Departments will issue guidance on this area in 2003. Waterways Ireland took over an asset portfolio in the South comprised mainly of infrastructure assets such as waterways, canals, tow-paths, lock-houses and associated navigational features (locks, weirs, etc). Under guidance provided by the Department of Finance and the Department of Finance and Personnel definable major assets or components within an infrastructure system or network with determinable finite lives should be treated separately and depreciated over their useful economic lives. Waterways Ireland has not valued assets in this category. Waterways Ireland are currently in discussions with the Finance Departments and expect to agree an accounting policy in 2003. In Northern Ireland, the composition of the asset portfolio being transferred is the subject of ongoing discussion. The cost of barges and dinghies has yet to be determined. Certain software licenses are not included as intangible assets.

ii.

iii.

iv. v.

Depreciation
Depreciation methods adopted and rates used per annum are as follows: Asset Category Excavators & Boats Plant & Machinery purchased up to 31 December 2000 Plant & Machinery purchased after 1 January 2001 Vehicles purchased up to 31 December 2000 Vehicles purchased after 1 January 2001 IT Equipment Furniture and Fittings Dinghies Barges Method 5% of cost per annum. 20% of NBV at 31 December 2000 per annum. 10% of cost per annum. 25% of NBV at 31 December 2000 per annum. 25% of cost per annum. 20% of cost per annum. 10% of cost per annum. 20% of cost per annum. 2.5% of cost per annum.

12

Accounts

1.4. Pension Costs. During the period all staff employed by the Body were on secondment. The seconded staff all remained members of their respective pension schemes. The Department of Finance, the Department of Finance and Personnel and the Government Actuaries Department have been preparing a new pension scheme specifically for North/South implementation bodies. The Pension will be funded directly by both Governments to an independent administrator with no direct cost to Waterways Ireland. Although work on the new pension scheme is advanced it is unlikely to be available to new recruits until later in 2003. 1.5. Value Added Tax Waterways Ireland does not reclaim VAT. VAT is included as expenditure or, where appropriate, capitalised in the value of fixed assets. 1.6. Stock Stock figures in the accounts are valued at the lower of cost and net realisable value.

13

Annual Report & Accounts 2001

2. Grant From the Departments 2.1 Financial Period 1 January 2001 - 31 December 2001
DCRGA IR£ Revenue Grant 14,628,722 DCRGA STG£ 11,702,978 DCAL IR£ 2,098,846 DCAL STG£ 1,679,077 TOTAL IR£ 16,727,568 TOTAL STG£ 13,382,055

Capital Grant

899,071 15,527,793

719,257 12,422,235

353,891 2,452,737

283,113 1,962,190

1,252,962 17,980,530

1,002,370 14,384,425

2.2 Financial Period 2 December 1999 - 31 December 2000
DCRGA IR£ Revenue Grant 10,104,189 DCRGA STG£ 7,757,992 DCAL IR£ 1,038,039 DCAL STG£ 797,011 TOTAL IR£ 11,142,228 TOTAL STG£ 8,555,003

Capital Grant

643,675 10,747,864

494,214 8,252,206

0 1,038,039

0 797,011

643,675 11,785,903

494,214 9,049,217

The Body was paid grants from money voted by the Northern Ireland Assembly and Dáil Éireann. NSMC, with the approval of the Finance Ministers, recommended that the grants should be split on a 85:15 basis for current work- DCRGA (85) and DCAL (15). Capital works will be 100% funded in the jurisdiction in which they take place. The grants were paid from money appropriated by the Appropriation (Northern Ireland) Order 1999 and from money voted by Dáil Éireann.

3. Other Operating Income
IR£ 2001 Charges to ESB for Water Level Measurement Property Related Income Other Income Total 38,463 12,806 51,269 STG£ 2001 30,770 10,245 41,015 10,304 205,025 7,911 157,418 IR£ 2000 194,721 STG£ 2000 149,507

14

Accounts

4. Staff Costs
2001 (a) The average weekly number of employees (full time equivalent) was: (b) The costs incurred in respect of these employees were: IR£ 2001 STG£ 2001 IR£ 2000 STG£ 2000 256 2000 250

Seconded Staff - Northern

462,517

370,014

210,382

161,531

Seconded Staff - Southern

6,606,850

5,285,479

4,487,028

3,445,140

Total

7,069,367

5,655,493

4,697,410

3,606,671

(c) Number of employees at the end of the year whose emoluments(including pension contributions) fell within the following bands:

IR£ £70,000 - £79,999

STG£ STG£55,000 - STG£64,999

2001 1

2000 -

(d) The Chief Executive's emoluments were as follows: £IR76,671 (STG£61,337) comprised only of salary. No performance related bonus and no taxable benefits were paid.

15

Annual Report & Accounts 2001

5 Programme Costs.
IR£ 2001 Contracted in Services Civil Construction Materials Plant Hire Supply Contract Costs Mechanical Spares and Equipment Rivers Agency Charges Fuel & Light Miscellaneous Total 2,915,317 1,860,140 913,277 871,611 652,539 626,683 188,133 76,036 8,103,736 STG£ 2001 2,332,254 1,488,112 730,622 697,289 522,031 501,346 150,506 60,829 6,482,989 IR£ 2000 1,933,104 1,603,143 781,355 677,907 558,381 304,314 183,264 192,100 6,233,568 STG£ 2000 1,484,237 1,230,893 599,924 520,497 428,725 233,652 140,710 147,496 4,786,134

Analysis of Programme Costs by Project Shannon Navigation Royal Canal Grand Canal General Canal Expenditure Barrow Navigation Erne System and Lower Bann Shannon Erne Waterway Total 2,405,493 1,319,358 2,600,902 228,491 392,500 626,683 530,309 8,103,736 1,924,394 1,055,486 2,080,722 182,793 314,000 501,346 424,248 6,482,989 2,965,491 1,146,988 727,976 525,790 351,221 304,314 211,788 6,233,568 2,276,906 880,657 558,940 403,701 269,667 233,652 162,611 4,786,134

16

Accounts

6. Other Operating Costs
IR£ 2001 Travel Contracted in Services Compensation Premises Running Costs Health & Safety Postage & Phone Rent Audit Fee General Expenditure Total 431,477 572,178 169,705 70,531 63,116 148,539 164,343 15,000 47,211 1,682,100 STG£ 2001 345,181 457,742 135,764 56,425 50,493 118,831 131,474 12,000 37,769 1,345,679 IR£ 2000 273,518 225,294 205,957 92,407 41,648 28,142 18,810 15,000 85,523 986,299 STG£ 2000 210,007 172,981 158,134 70,950 31,977 21,607 14,442 11,517 65,665 757,280

17

Annual Report & Accounts 2001

7. Fixed Assets
Plant & Machinery IR£ Cost or Valuation At 1st January 2001 Additions Disposals 3,073,234 563,628 2,164,099 335,443 136,031 279,508 18,777 74,383 5,392,141 1,252,962 Vehicles Computer Equipment IR£ Furniture & Fittings IR£ Total

IR£

IR£

At 31st December 2001

3,636,862

2,499,542

415,539

93,160

6,645,103

Depreciation At 1st January 2001 Provision for year Disposals 1,339,031 321,093 1,282,677 278,524 72,705 75,852 9,726 9,316 2,704,139 684,785 -

At 31st December 2001

1,660,124

1,561,201

148,557

19,042

3,388,924

Net Book Value At 31st December 2001 At 31st December 2000 1,976,738 1,734,203 938,341 881,422 266,982 63,326 74,118 9,051 3,256,179 2,688,002

Net Book Value STG£ At 31st December 2001 At 31st December 2000 1,581,390 1,331,520 750,673 676,756 213,586 48,624 59,294 6,948 2,604,943 2,063,848

18

Accounts

8. Stocks
IR£ 2001 Hardware Building Materials Timber Fuel & Lubricants Protective Clothing Spare Parts & Filters Miscellaneous 305,412 9,983 190,096 11,035 45,175 7,304 66,909 STG£ 2001 244,330 7,987 152,077 8,828 36,140 5,843 53,526 IR£ 2000 193,500 41,000 190,200 53,000 17,500 15,000 13,000 STG£ 2000 148,569 31,480 146,036 40,693 13,436 11,517 9,982

Total

635,914

508,731

523,200

401,713

9. Debtors and Prepayments
IR£ 2001 Amounts falling due within one year: Grants Receivable Prepayments Total 713,555 19,577 733,132 570,844 15,662 586,506 67,616 67,616 51,916 51,916 STG£ 2001 IR£ 2000 STG£ 2000

19

Annual Report & Accounts 2001

10. Creditors and Accruals
IR£ 2001 Amounts falling due within one year: Deferred Income Accruals Total STG£ 2001 IR£ 2000 STG£ 2000

796,955 932,490 1,729,445

637,564 745,992 1,383,556

67,616 718,578 786,194

51,916 551,724 603,640

11. Capital Grant Reserve
IR£ 2001 At 1st January 2001 Capital Grants Received Less:Amortisation of Capital Grants Less:Write-off of funding on disposal of fixed assets Difference on foreign exchange translation Note 7 Note 2 2,688,002 1,252,962 (684,785) STG£ 2001 2,063,848 1,002,370 (547,828) 86,553 IR£ 2000 STG£ 2000

2,524,284 1,938,145 643,675 (461,841) (18,116) 494,214 (354,602) (13,909) -

At 31st December 2001

3,256,179

2,604,943

2,688,002 2,063,848

12. Revenue Reserve
IR£ 2001 At 1st January 2001 Transferred from DAHGI Surplus/(Deficit) in the year Difference on foreign exchange translation (155,126) (76,366) STG£ 2001 (119,106) (61,091) (4,996) IR£ 2000 414,898 (570,024) STG£ 2000 318,558 (437,664) -

At 31st December 2001

(231,492)

(185,193)

(155,126)

(119,106)

20

Accounts

13.1 Reconciliation of result for the period to net cash inflow from operating activities
2001 IR£ 2001 STG£ 2000 IR£ 2000 STG£

Result for the period Adjustment for non cash transactions Depreciation Transfer from Capital Grant Reserve

(76,366)

(61,091)

(570,024)

(437,664)

684,785 (684,785)

547,828 (547,828)

461,841 (461,841)

354,602 (354,602)

Adjustments for movements in working capital Decrease/(Increase) in Stock Decrease/(Increase) in Debtors (Decrease)/Increase in Creditors Difference on Foreign Exchange Translation Net cash inflow from operating activities (112,714) (665,516) 943,251 88,655 (107,018) (534,590) 779,916 (4,996) 72,221 (108,302) (67,616) 786,194 40,252 (83,155) (51,916) 603,640 30,905

13.2 Reconciliation of net cash inflow to movement in net debt

2001 IR£ Cash in bank at 1 January Net Cash Inflow Cash in bank at 31 December 2001 40,252 88,655 128,907

2001 STG£ 30,905 72,221 103,126

2000 IR£ 40,252 40,252

2000 STG£ 30,905 30,905

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Annual Report & Accounts 2001

14. Capital Commitments
Capital commitments at 31st December 2001 for which no provision has been made:

IR£ 2001 Contracted Authorised but not contracted 1,743,362 -

STG£ 2001 1,394,690 -

IR£ 2000 477,000 -

STG£ 2000 366,235 -

15.

CONTINGENT LIABILITIES

There were no contingent liabilities at 31st December 2001.

16.

SHANNON-ERNE WATERWAY PROMOTIONS LIMITED

Waterways Ireland took over responsibility for Shannon-Erne Waterway Promotions Limited from 2 December 1999. The company was incorporated on 30 May 1994 as a company limited by guarantee and not having a share capital. The company brief is to market the Shannon-Erne Waterway corridor and the Irish Waterways as a tourism destination in its own right with financial support from Co-operation Ireland, IFI, Bord Failte and the Northern Ireland Tourist Board. Waterways Ireland formally acquired ownership of the company on 16 June 2000. The unaudited accounts to 31 December 2002 show the company have no assets or liabilities and the operation is discontinued.

17.

PERFORMANCE AGAINST KEY FINANCIAL TARGETS

Annual action plans are presented to North South Ministerial Council and approved.

18.

RELATED PARTY TRANSACTIONS

None of the members of the key management staff had any material transactions with Waterways Ireland during the financial year 1 January 2001 – 31 December 2001.

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Accounts

Income and Expenditure Account for the year ended 31 December 2001. Appendix 1 € 2001 INCOME € 2000

Revenue Grants from Departments Release from Capital Grant Reserve Other Operating Income TOTAL INCOME

21,239,630 869,498 65,098 22,174,226

14,147,711 609,420 260,328 15,017,459

EXPENDITURE

Staff Costs Programme Costs Other Operating Costs Depreciation

8,976,245 10,289,622 2,135,826 869,498

5,964,481 7,914,999 1,252,341 586,417

TOTAL EXPENDITURE Operating Deficit for the Period Loss on Disposal of Fixed Assets Deficit for the Period Balance transferred from DAHGI Balance carried forward

22,271,191 (96,965) (96,965) (96,965)

15,718,238 (700,779) (23,003) (723,782) 526,813 (196,969)

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Annual Report & Accounts 2001

Balance Sheet as at 31 December 2001.

Appendix 1 cont’d. € 2001 Fixed Assets Tangible Assets 4,134,494 3,413,058 € 2000

Current Assets Cash at bank and in hand Stocks Debtors and Prepayments 163,678 807,444 930,886 1,902,008 51,109 664,327 85,855 801,291

Current Liabilities Deferred Income Creditors - amounts due within one year Net Current Assets/(Liabilities) Total Assets Less Liabilities 1,011,924 1,184,018 (293,934) 3,840,560 998,260 (196,969) 3,216,089

Financed by: Capital and Reserves Revenue Reserve Capital Grant Reserve (293,934) 4,134,494 3,840,560 (196,969) 3,413,058 3,216,089

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Accounts

ACCOUNTS DIRECTION WATERWAYS IRELAND

Appendix 2

ACCOUNTS DIRECTION GIVEN BY THE NORTHERN IRELAND DEPARTMENT OF CULTURE, ARTS AND LEISURE, THE IRISH DEPARTMENT OF ARTS, HERITAGE, GAELTACHT AND THE ISLANDS WITH THE APPROVAL OF THE FINANCE DEPARTMENTS, IN ACCORDANCE WITH THE NORTH/SOUTH CO-OPERATION (IMPLEMENTATION BODIES) (NORTHERN IRELAND) ORDER 1999 AND THE BRITISH-IRISH AGREEMENT ACT 1999. The annual accounts shall give a true and fair view of the income and expenditure and cash flows for the financial year, and the state of affairs as at the year end. Subject to this requirement, the Body shall prepare accounts for the financial period 2 December 1999 to 31 December 2000 and subsequent financial years in accordance with: a. b. the North/South Implementation Bodies Annual Reports and Accounts Guidance; other guidance which Finance Departments may issue from time to time in respect of accounts which are required to give a true and fair view; any other specific disclosures required by sponsoring Departments;

c.

except where agreed otherwise with Finance Departments, in which case the exception shall be described in the notes to the accounts.

Signed by authority of the Department of Culture, Arts and Leisure

Department of Arts, Heritage Gaeltacht and the Islands

Dated:

Dated:

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Annual Report & Accounts 2001

Report of the Comptrollers and Auditors General Introduction As reported in our audit certificate the evidence available to us was limited in certain respects and it was not possible to quantify the extent of understatement of both the assets and reserves of Waterways Ireland. Cause of the Limitation of Audit Evidence Certain assets have not been recorded in the Balance Sheet as at 31 December 2001: • • • • • Land and buildings owned by the Body. Land, buildings and infrastructure to be transferred from the Department of Agriculture and Rural Development. Infrastructure assets such as waterways, tow-paths, lock-houses and associated navigational features. Certain expenditure included under programme expenditure is of a capital nature and should be recorded as assets. Barges and dinghies have not yet been capitalised.

These are explained more fully in note 1.3 to the Accounts. Action being taken by Waterways Ireland Waterways Ireland in consultation with the sponsoring Departments, the Department of Community, Rural and Gaeltacht Affairs and the Department of Culture, Arts and Leisure, is taking the following action: • Compiling details of land and buildings owned by the Body and located in the South and continuing to negotiate the details of the transfers of land, buildings and infrastructure in the North. Finalising the identification of infrastructure elements already transferred to it and the arrangements for their valuation. Agreeing guidance on the detailed accounting treatment of capital expenditure incurred as part of its programmes. Determining the valuation and future accounting treatment of barges and dinghies.

• • •

John Purcell Irish Comptroller and Auditor General Dublin Castle Dublin 2 Ireland

J M Dowdall Comptroller and Auditor General for Northern Ireland 106 University Street Belfast BT7 1EU 28 October 2003

28 October 2003

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Waterways Ireland 20 Darling Street Enniskillen BT74 7EW Tel: +44 (0) 28 6632 3004 info@waterwaysireland.org
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