| SORP reference | ||
|---|---|---|
| Summaryof thepurposesof | Para1.17 | To restore and preserve the lighter Susan |
| thecharityas set out in its | as the only example of a working wooden | |
| governing document | lighter purpose built for use on the | |
| Chelmer and Blackwater Navigation in | ||
| Essex and to advance the education of | ||
| the public in the history of the Navigation | ||
| by exhibiting and operating the lighter | ||
| Susan. | ||
| Summaryofthemain activitiesinrelationtothose |
Para1.17and 1.19 |
The main activity has been raising sufficient money to enable the |
| purposesfor thepublic | boatbuilders to continue with the | |
| benefit,inparticular,the | restoration work required on the lighter | |
| activities, projectsorservices | Susan. | |
| identifiedin theaccounts. | ||
| Both project managers have visited the | ||
| boatyard regularly to monitor the | ||
| progress and quality of the restoration | ||
| work being carried out | ||
| Talks about the Restoration of Susan and | ||
| the significance of the Navigation in the | ||
| development of Chelmsford have been | ||
| given to local interest groups via the | ||
| internet and Zoom. Recordings of some | ||
| of these talks can be viewed at any time | ||
| by accessing the library on the main IWA | ||
| website. | ||
| Articles and progress reports have been | ||
| published in magazines and newsletters | ||
| produced by local organisations. | ||
| Statementconfirming | Para1.18 | The trustees are aware of the guidance |
| whetherthetrustees have | on public benefit issued by the Charity | |
| hadregardto theguidance | Commission. Full public benefit will be | |
| issuedby theCharity | achieved when Susan has been restored | |
| Commissiononpublic | to working order and is giving trips along | |
| benefit | the Navigation. |
| Additional information (optional) | |
|---|---|
| Youmaychoosetoincludefurther statements | where relevant about: |
| SORP reference | |
| Para1.38 | |
| Policyongrant making | |
| Para1.38 | |
| Policyonsocial investment | |
| including programrelated | |
| investment | |
| Supervision of restoration work by | |
| Para1.38 | Project Managers. |
| Contribution madeby | |
| volunteers | Volunteers have helped to clean and |
| paint some of the ironwork. | |
| Other |
| SORPreference | ||
|---|---|---|
| Talks about the Restoration of Susan and | ||
| the significance of the Navigation in the | ||
| development of Chelmsford have been | ||
| Summaryof themain achievementsof thecharity, |
Para1.20 | given to local interest groups via the internet and Zoom. Recordings of some |
| identifyingthedifferencethe | of these talks can be viewed at any time | |
| charity's workhasmadeto | by accessing the library on the main IWA | |
| thecircumstancesof its | website. | |
| beneficiariesand anywider | ||
| benefitstosocietyas a | Full public benefit will be achieved when | |
| whole. | Susan has been restored to working | |
| order and is giving trips along the | ||
| Navigation. |
relevant about: |
||
|---|---|---|
| The original estimate for the Restoration | ||
| of Susan dated 03 August 2010 was | ||
| Achievementsagainst | Para1.41 | £100000. Since then, a change in |
| objectivesset | government legislation resulted in | |
| registered charities being unable to | ||
| reclaim the VAT that had been paid. This | ||
| increased the cost of restoration by | ||
| £30000. Removal of the outside planking | ||
| revealed that additional timbers needed | ||
| to be replaced. This plus inflation | ||
| increased the final estimate to £240000. | ||
| The total money raised by 05 April 2021 | ||
| was £212657. | ||
| Performanceoffundraising | Fundraising has proved to be more | |
| activities againstobjectives | difficult than expected because of the | |
| set | Para1.41 | recent economic climate of our country. |
| This year it has been made even more | ||
| difficult because of the effects of the | ||
| COVID19 pandemic. Many grant giving | ||
| trusts are now unable to support heritage | ||
| projects because of the increasing needs | ||
| for social welfare work. | ||
| The Susan Trust has no investments. | ||
| Investment performance | Para1.41 | |
| againstobjectives | ||
| Other |
| Review of the charity's | Para 1 .21 | The Susan Trust had raised a total of |
|---|---|---|
| financial position at the end | £212657 by 05 April 2021 but had spent | |
| of the period | £208662 on restoration work. | |
| Statement explaining the | Para 1 .22 | The Susan Trust does not hold reserves. |
| policy for holding reserves | ||
| stating why they are held | ||
| Amount of reserves held | Para 1 .22 | None. |
| Reasons for holding zero | Para 1 .22 | The trustees will only authorise work to |
| reserves | commence on the next stage of the | |
| restoration when sufficient money is | ||
| available to complete that stage. | ||
| Details of fund materially in | Para 1 .24 | None. |
| deficit | ||
| Explanation of any | Para 1.23 | The trustees are confident that the |
| uncertainties about the | Restoration of Susan will be completed | |
| charity continuing as a going | and that The Susan Trust will continue as | |
| concern | a going concern. If sufficient money can | |
| not be raised, volunteers would be able | ||
| to complete any remaining work - eg | ||
| painting. |
| TheSusanTrusthasreceivedgrants | ||
|---|---|---|
| fromChelmsfordBoroughCouncil,Essex | ||
| Thecharity's principal | CountyCouncil,ArtsCouncil(PRISM | |
| sourcesoffunds (including | Para1.47 | Fund),EssexHeritageTrust,Pilgrim |
| anyfundraising) | Trust,NationalHistoricShips,Garfield | |
| WestonFoundation,Associationof | ||
| IndustrialArchaeology,Augustine | ||
| CourtauldTrust,InlandWaterways | ||
| Associationand theCo-operativeBank. | ||
| SubstantialDonationshavebeen | ||
| receivedfromTheInlandWaterways | ||
| Association(ChelmsfordandLondon | ||
| Branches)and TheChelmerCanalTrust | ||
| TheSusanTrusthasraisedover £71068 | ||
| fromdonations,collections,bankinterest | ||
| andGiftAidrepayments. | ||
| Investmentpolicyand | Notapplicable. | |
| objectivesincludingany | ||
| social investment policy | ||
| adopted | Para1.46 |
| Thereis ariskthatsufficientmoneymay | ||
|---|---|---|
| Adescriptionof theprincipal | not beraisedtocompletetheRestoration | |
| risks facingthecharity | Para1.46 | ofSusanbut thetrusteesareconfident |
| thatthiswillnot be thecase.Ifsufficient | ||
| moneycan not be notraised,volunteers | ||
| wouldbeabletocompleteanyremaining | ||
| work-egpainting. | ||
| Other |
| Descriptionofcharity's | ||
|---|---|---|
| trusts: | ||
| Typeofgoverning document | Para 1.25 | Deed of Trust. |
| Howis thecharity | Para 1.25 | Unincorporated association. |
| constituted? | ||
| Trusteeselection methods | Para 1.25 | The trustees are appointed by the |
| including detailsof any | organisations which they represent. | |
| constitutional provisions e.g. | These organisations have all owned | |
| electiontopostornameof | Susan in the past. | |
| anypersonorbody entitled | ||
| toappointone ormore | The chairman is independent and is | |
| trustees | appointed by the other trustees. |
| Policiesandprocedures | ||
|---|---|---|
| adoptedfor theinductionand | Para 1.51 | |
| trainingoftrustees | ||
| Thecharity's organisational | ||
| structureand anywider | Para 1.51 | |
| networkwith whichthe | ||
| charityworks | ||
| Roy Chandler represents The Inland | ||
| Waterways Association. | ||
| Relationshipwithanyrelated | Para1.51 | |
| parties | Freda Mountain represents Chelmsford | |
| City Council. | ||
| David Goodridge represents the Chelmer | ||
| Lighter Preservation Society. | ||
| Duncan Lumley represents the Chelmer | ||
| Canal Trust. |
| Charity name | The Susan Trust |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1112234 |
| Charity's principal address | Sandford Mill |
| Sandford Mill Road | |
| Chelmsford | |
| Essex | |
| CM2 6NY | |
| Address for correspondence. Sandford Mill only has | |
| security staff. | |
| 143 Linnet Drive | |
| Chelmsford | |
| Essex | |
| CM2 8AQ |
| Trustee name | Datesactedif not forwhole year |
|---|---|
| Funds held as custodian trustees on behalf of others | |
| Descriptionof theassets | |
| heldinthiscapacity | |
| Nameandobjectsof the | |
| charityonwhosebehalfthe | |
| assetsareheldand howthis | |
| fallswithinthecustodian | |
| charity'sobjects | |
| Detailsofarrangementsfor | |
| safecustodyand | |
| segregationofsuch assets | |
| fromthecharity'sownassets |
| 2020-21 | 2019-20 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| £ | £ | £ | £ | ||||
| INCOME | |||||||
| From Trading Activities | |||||||
| Hiring Income | 0.00 | 0.00 | 0.00 | ||||
| From Voluntary Sources | |||||||
| Gift Aid | 893.75 | 893.75 | 2651.25 | ||||
| Grants | 25000.00 | 25000.00 | 11000.00 | ||||
| Donations | 4175.22 | 4175.22 | 3737.36 | ||||
| TOTAL RECEIPTS | 5068.97 | 25000.00 | 30068.97 | 17388.61 | |||
| EXPENDITURE | |||||||
| Charitable Activities | |||||||
| Boatyard Storage | 4459.50 | 4459.50 | 3130.68 | ||||
| Electricity | 125.24 | 125.24 | 105.24 | ||||
| Insurance | 1014.61 | 1014.61 | 1014.63 | ||||
| Membership Fees | 54.00 | 54.00 | 54.00 | ||||
| Other Expenditure | |||||||
| Renovation | 29796.37 | 29796.37 | 8909.42 | ||||
| TOTAL PAYMENTS | 5653.35 | 29796.37 | 35449.72 | 13213.97 | |||
| NET SURPLUS | - 584.38 | - 4796.37 | **- ** | 5380.75 | 4174.64 | ||
| Brought Forward | 7521.81 | 2090.58 | 9612.39 | ||||
| Trans Between Funds | - | 2705.79 | 2705.79 | 0.00 | |||
| Carried Forward | 4231.64 | 0.00 | 4231.64 | ||||
| Statement of Assets and Liabilities at | 05 April 2021 | ||||||
| MONETARY ASSETS | 2020-21 | 2019-20 | |||||
| Deposits and Bank Balances | |||||||
| Co-operative Bank | 4231.64 | 9612.39 |