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**
**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**
1. **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