2024-10-31-accounts - Thames Sailing Barge Trust

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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Charil Thames Sailing Barge Trust On accounts for th• year ended 31 October 2024 Charity no {If any) 1102840 Set out on pages 1to5 I report to the trustees on my examination of the accounts of the above charity (e Trusf) for year ended 3111012024. Responsibilities and basis of report As the chariVs trustees, you are responsible for the preparation of the accounts in accordance with the requiremenls of the Charities Act 2011 (Ihe Acf,). I reporl in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act. Independent examiner's ststement I have compleled my examination. I confinn Ihat no material matters have come to my attentlon in connectlon with the examination (other than that disclosed below ") which gNes me cause to believe that in, any material respect: the accounting records were not kept in accordance with sectM)n 130 of the Charities Ad," or the accounts did not accord with the accountlng records; or the accounts did not comply with the applicable requirements onceming the form and content of accounls set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have me across no other matters in connecti( with the examinatio Ich attention should be drawn in this report in order to ena proper understanding of the accounts to be reached. elete the words in the brackets rfthey do not apply. Ple Signed: Date: 24 February 2025 Name: Alan Cowperthwaite FCCA Relevant professional qualificatlon{s) or body (If any): Association of Chartered Certified Accountants Addr8ss: Xeinadin Soulh Easl Llmltsd, 2 High Street IER Oct 2018

Burnham on Crouch, Essex CMO 8A4 Section B Disclosure Only complete if the examiner needs to highlight material matters of concem (see CC32, Independent examination of charity accounts: dir8Ctions and guidance for examiners). Glve here brlef details of any items that the examlnerwishes to disclose. IER Oct 2018

Unaudited Financial Statements for the Year Ended 30 October 2024

for

Thames Sailing Barge Trust

Contents of the Financial Statements for the Year Ended 30 October 2024

Page Balance Sheet 1

Thames Sailing Barge Trust (Registered number: 04726591)

Balance Sheet 30 October 2024

FIXED ASSETS CURRENT ASSETS CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES	30.10.24 £ 326,365 (13,490)	£ 450,000 312,875 762,875 762,875	30.10.23 £ 73,633 (12,763)	£ 450,000 60,870
				510,870
				510,870

NOTES TO THE FINANCIAL STATEMENTS

STATUTORY INFORMATION

Thames Sailing Barge Trust is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04726591 Registered office: 2 High Street Burnham on Crouch Essex CM0 8AA

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was NIL (2023 - NIL).

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

continued...

Page 1

Thames Sailing Barge Trust (Registered number: 04726591)

Balance Sheet - continued 30 October 2024

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:

G C Moore - Director

Page 2

REGISTERED COMPANY NUMBER: 07550326 REGISTERED CHARITY NUMBER: 1102840

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 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 2024

	Page
Statement of Financial Activities	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

THAMES SAILING BARGE TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 OCTOBER 2024

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 Transfer of reserves Revaluation of assets TOTAL FUNDS CARRIED FORWARD	2024 2023 Unrestricted Resticted Total Total Fund Fund Funds Funds £ £ £ £ 271,676 977 272,653 30,492 2,500 - 2,500 64,150 53,468 - 53,468 48,181
	327,644 977 328,621 142,823 35,531 - 35,531 119,238 33,690 7,395 41,085 40,377
	69,221 7,395 76,616 159,615 258,423 (6,418) 252,005 (16,792) 497,853 13,017 510,870 437,662 4,441 (4,441) - - - - - 90,000
	760,717 2,158 762,875 510,870

Page 1

THAMES SAILING BARGE TRUST LIMITED BALANCE SHEET FOR THE YEAR ENDED 31 OCTOBER 2024

Note FIXED ASSETS 1 CURRENT ASSETS Prepayments and accrued income 3 Debtors 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	2024 2023 Unrestricted Resticted Total Total Fund Fund Funds Funds £ £ £ £ 450,000 450,000 450,000 4,381 - 4,381 2,095 - - - - 319,826 2,158 321,984 71,538
	324,207 2,158 326,365 73,633 (13,490) - (13,490) (12,763)
	(13,490) 0 (13,490) (12,763)
	310,717 2,158 312,875 60,870

	760,717 2,158 762,875 510,870
	760,717 - 760,717 497,852 - 2,158 2,158 13,018
	760,717 2,158 762,875 510,870

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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 24 February 2025 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 2024

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 forseeable 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 2024

2 TRUSTEES REMUNERATION AND BENEFITS

There were no trustees remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.

3 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024 £ Debtors - Prepayments and accrued income 4,381 4,381 4 CREDITORS: AMOUNTS FALLING DUE WITHING ONE YEAR 2024 £ Other creditors 13,490 13,490 5 CASH AT BANK AND IN HAND 2024 £ Cash at bank 321,984 321,984	2023 £ - 2,095
	2,095
	2023 £ 12,763
	12,763
	2023 £ 71,538
	71,538

Page 4

THAMES SAILING BARGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

6 RELATED PARTY DISCLOSURES

There were no related party transactions of the year ended 31 October 2024 nor for the year ended 31 October 2023.

7 COMPARATIVES FOR THE STATEMENT OF FINANCAL ACTIVITIES

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 Transfer of reserves Revaluation of assets TOTAL FUNDS CARRIED FORWARD	2023 2023 2023 Unrestricted Resticted Total Fund Fund Funds £ £ £ 19,345 11,147 30,492 28,100 36,050 64,150 48,153 28 48,181
	95,598 47,225 142,823 43,355 75,883 119,238 27,325 13,052 40,377
	70,680 88,935 159,615 24,918 (41,710) (16,792) 433,973 3,689 437,662 (51,038) 51,038 - 90,000 90,000
	497,853 13,017 510,870

Page 5