## 

## 

||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<br>activitiesinrelationtothose|Para1.17and<br>1.19|**The main activity has been raising**<br>**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<br>achievementsof thecharity,|Para1.20|**given to local interest groups via the**<br>**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.**|





## 

|<br>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||



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## 



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## 



## 

## 

|||||**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**|





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