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2020-10-31-accounts

Thames Sailing Barge Trust

Report for the year ended 31[st] October 2020

Covid 19 has made for a particularly difficult year with the principal risk facing the charitable company’s ability to generate sufficient income to cover expenditure incurred in fulfilling the objectives of the charity.

The trustees have reviewed the cash position of the charitable company and cash forecasts at the date of signing of the accounts and are satisfied that the charitable company will be able to meet all of its financial commitments.

As a consequence the trustees believe that the charitable company is well placed to manage its financial risks successfully and that the charitable company has adequate reserves to continue in operational existence for the foreseeable future.

G C Moore

Director and Treasurer Dated 27 August 2021

REGISTERED COMPANY NUMBER: 07550326 REGISTERED CHARITY NUMBER: 1102840

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020 FOR

THAMES SAILING BARGE TRUST LIMITED (A COMPANY LIMITED BY GUARANTEE)

THAMES SAILING BARGE TRUST LIMITED CONTENTS OF FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

Page
Statement of Financial Activities 1
Balance Sheet 2
Notes to the Financial Statements 3 to 5

THAMES SAILING BARGE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2020

INCOME AND ENDOWMENTS FROM
Donations and legacies
Grants
Charitable activities
Supply of services
EXPENDITURE ON
Charitable activities
Maintenance and repairs
Other
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
Revaluation of assets
TOTAL FUNDS CARRIED FORWARD		 2020
2019
Unrestricted
Resticted
Total
Total
Fund
Fund
Funds
Funds
£
£
£
£
15,340
203,304
218,644
1,000
-
5,000
34,322
-
34,322
25,524
49,662
203,304
252,966
31,524
7,938
-
7,938
15,023
20,278
35,269
55,547
14,481
28,216
35,269
63,485
29,504
21,446
168,035
189,481
2,020
294,880
-
294,880
292,860
100,000
-
100,000
-
416,326
168,035
584,361
294,880

Page 1

THAMES SAILING BARGE TRUST LIMITED BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2020

Note
FIXED ASSETS
1
CURRENT ASSETS
Prepayments & Accrued Income
3
Cash at bank and in hand
5
CREDITORS
Amounts falling due within one year
4
NET CURRENT ASSETS
TOTAL NET ASSETS
FUNDS
Unrestricted funds
Restricted funds		 2020
2019
Unrestricted
Resticted
Total
Total
Fund
Fund
Funds
Funds
£
£
£
£
360,000
360,000
260,000
119,462
119,462
-
57,095
83,842
140,937
34,880
57,095
203,304
260,399
34,880
(769)
(35,269)
(36,038)
0
(769)
(35,269)
(36,038)
0
56,326
168,035
224,361
34,880
416,326
168,035
584,361
294,880
416,326
-
416,326
294,880
-
168,035
168,035
-
416,326
168,035
584,361
294,880

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

The financial statements were approved by the Board of Trustees on 23 July 2021 and were signed on its behalf by:

G Moore - Trustee

Page 2

THAMES SAILING BARGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

1 ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements.

These financial statements have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 105) issued on 16 July 2014 and with the Charities Act 2011.

Going concern

The principal risk facing the charitable company is its ability to generate sufficient income to cover expenditure incurred in fulfilling the objectives of the charitable company. The trustees have reviewed the cash position of the charitable company and cash forecasts at the date of signing of the accounts and are satisfied that the charitable company will be able to meet all of its financial commitments. As a consequence the trustees believe that the charitable company is well placed to manage its financial risks successfully and that the charitable company has adequate reserves to continue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt the going concern basis in preparing the accounts.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commiting the charity to that expenditure, it is possible that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all cost related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fixed assets

Fixed assets are reviewed and revalued on a regular basis by the directors to reflect the current value of those assets.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 3

THAMES SAILING BARGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

2 TRUSTEES REMUNERATION AND BENEFITS

There were no trustees remuneration or other benefits for the year ended 31 October 2020 nor for the year ended 31 October 2019.

3
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020
£
Prepayments and accrued income
119,462
119,462
4
CREDITORS: AMOUNTS FALLING DUE WITHING ONE YEAR
2020
£
Other creditors
36,038
36,038
5
CASH AT BANK AND IN HAND
2020
£
Cash at bank
140,937
140,937		 2019
£
-
-
2019
£
-
-
2019
£
34,880
34,880

Page 4

THAMES SAILING BARGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2020

7 RELATED PARTY DISCLOSURES

There were no related party transactions of the year ended 31 October 2020 nor for the year ended 31 October 2019.

8 COMPARATIVES FOR THE STATEMENT OF FINANCAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Supply of services
EXPENDITURE ON
Charitable activities
Maintenance and repairs
Other
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Resticted
Total
Fund
Fund
Funds
£
£
£
6,000
-
6,000
25,524
-
25,524
31,524
-
31,524
15,023
-
15,023
14,481
-
14,481
29,504
-
29,504
2,020
-
2,020
292,860
-
292,860
294,880
-
294,880

Page 5

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl mémbers of Thames Sailing Barge Twst On accounts for the year ended 31 October 2020 Charlty no (If any) 1102840 Sgt out on pagos 1to5 I report to the trust88s on my examination of the accounts of the abov8 charrty (Ihe Trust") for tha year ended 3111012020. Re8ponsibllltles and bas1$ of report As the charitys trustees, you are responsible for the pr8paration of the accounts in accordance with the requirements of the Charities Acl 2011 nhe Act.). I report in respect of my examination of the Trust's a¢¢ounts carried out under sectlon 145 oflhe 2011 Act and in carying out my examination, I have followed all th8 applicable Directions given by the Charity Commission under s8Ction 145(5)(b) of the Act. Independent The charty's gross income exceeded £250.000 and l am quallfted to examlnorfs Statement undertake the examination by belng a qualified member of Association of Chartered Certified Accountsnts. I have comp18ted my examination. I confirm thal no material mattgrs have come to my attention in connection with the examination (other than that dtsclosed below ') which gives Me Gause to believe that in, any material respect.. the accounting records V￿re not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records., or the accounts did not comply with the applrcable requirements concerning the fom) and content of accounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the a¢¢ounts give a Irue and fair, vlew which is not a matter considered as part of an independent examinatKJn. I have no conc8rns and have come across no other rnatters in connection wtth the examinatKJn to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ' Please d&lete t <in the brackets Irthey do not apply, Date: 27 August 2021 Signod: Name: Alan Cowp8rthwaits FCCA Relevant profosslonal quallficatlon(s) or body Association of Chartered Certified Accountants IER Oct 2018

(If any): Address.. Harvey Smith & Co DVQ Limited, 2 High Str8et Burnham on Crouch. Essex CMO 8A4 Section B DisclosLsre Only complete if the examiner needs to highlight material matters of conGern (see CC32, Independent examination of Charity accounts: directions and guldance for examiners). Glve hero brief dotsll$ of any items that th8 examiner wlshos to dlsclose. IER Oct 2018