| SORP reference | ||
|---|---|---|
| Summaryof thepurposesof | Para1.17 | To restore and preserve the lighter Susan |
| the charity as 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. | ||
| Summaryof themain activitiesinrelationtothose |
Para1.17and 1.19 |
The main activity has been raising sufficient money to enable the |
| purposesforthepublic | 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. | ||
| Statement confirming | Para1.18 | The trustees are aware of the guidance |
| whetherthetrusteeshave | 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. |
| The original estimate for the Restoration | ||
|---|---|---|
| of Susan dated 03 August 2010 was | ||
| Achievements against | 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 £245000. | ||
| The total money raised by 05 April 2022 | ||
| was £238767. | ||
| Performanceoffundraising | Fundraisinghasprovedto bemore | |
| activities against objectives | difficultthanexpectedbecauseof the | |
| set | Para 1.41 | effectsof theCOVID19pandemicand the |
| currenteconomicclimateof ourcountry. | ||
| Manygrantgivingtrustsare nowunable | ||
| tosupportheritageprojectsbecauseof | ||
| theincreasingneedsforsocialwelfare | ||
| work. | ||
| TheSusanTrusthas noinvestments. | ||
| Investmentperformance | Para1.41 | |
| against objectives | ||
| Other |
| Review of the charity's | Para 1 .21 | The Susan Trust has raised a total of |
|---|---|---|
| financial position at the end | £238767 by 05 April 2022 but has spent | |
| of the period | £214551 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. |
| The Susan Trust has received grants | ||
|---|---|---|
| from Chelmsford Borough Council, Essex | ||
| Thecharity's principal | County Council, Arts Council (PRISM | |
| sourcesoffunds(including | Para1.47 | Fund), Essex Heritage Trust, Pilgrim |
| anyfundraising) | Trust, National Historic Ships, Garfield | |
| Weston Foundation, Association of | ||
| Industrial Archaeology, Augustine | ||
| Courtauld Trust, Inland Waterways | ||
| Association and the Co-operative Bank. | ||
| Substantial Donations have been | ||
| received from The Inland Waterways | ||
| Association (Headquarters, Chelmsford | ||
| and London Branches) and The Chelmer | ||
| Canal Trust. | ||
| The Susan Trust has raised £71610 from | ||
| donations, collections, bank interest and | ||
| Gift Aid repayments. | ||
| Investment policyand | Not applicable. | |
| objectives includingany | ||
| social investment policy | ||
| adopted | Para1.46 |
| Thereis ariskthatsufficientmoneymay | ||
|---|---|---|
| Adescriptionof theprincipal | not beraisedtocompletetheRestoration | |
| risksfacingthecharity | 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? | ||
| Trustee selection methods | Para 1.25 | The trustees are appointed by the |
| including detailsof any | organisations which they represent. All | |
| constitutional provisions e.g. | these organisations except the Chelmer | |
| electiontopostornameof | Canal Trust have owned Susan in the | |
| anypersonorbody entitled | past. | |
| toappointone ormore | ||
| trustees | The chairman is independent and is | |
| appointed by the other trustees. |
| Policiesandprocedures | ||
|---|---|---|
| adoptedfortheinductionand | Para1.51 | |
| trainingoftrustees | ||
| Thecharity's organisational | ||
| structureand anywider | Para1.51 | |
| networkwith which the | ||
| charityworks | ||
| Roy Chandler represents The Inland | ||
| Waterways Association. | ||
| Relationship withanyrelated | Para1.51 | |
| parties | Freda Mountain represents Chelmsford | |
| City Council. | ||
| David Goodridge represents the Chelmer | ||
| Lighter Preservation Society. | ||
| Duncan Lumley represents the Chelmer | ||
| Canal Trust. |
| Additional information (optional) | |
|---|---|
| Youmaychoosetoinclude further statements | where relevant about: |
| SORP reference | |
| Para 1.38 | |
| Policyongrant making | |
| Para 1.38 | |
| Policyonsocial investment | |
| includingprogram related | |
| investment | |
| Supervision of restoration work by | |
| Para 1.38 | Project Managers. |
| Contribution madeby | |
| volunteers | Volunteers have helped to clean and |
| paint some of the ironwork. | |
| Volunteers from the Chelmer Canal Trust | |
| have helped caulk and paint the hull. | |
| Other |
| SORP reference | ||
|---|---|---|
| Talks about the Restoration of Susan and | ||
| the significance of the Navigation in the | ||
| development of Chelmsford have been | ||
| Summaryofthemain achievementsof thecharity, |
Para 1.20 | given to local interest groups. Recordings of some of these talks can be |
| identifyingthedifferencethe | viewed at any time by accessing the | |
| charity's workhasmadeto | library on the main IWA website. | |
| thecircumstancesof its | ||
| beneficiariesand anywider | Full public benefit will be achieved when | |
| benefitstosocietyas a | Susan has been restored to working | |
| whole. | order and is giving trips along the | |
| Navigation. |
| 2021-22 | 2020-21 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| £ | £ | £ | £ | |
| INCOME | ||||
| From Trading Activities | ||||
| Hiring Income | 0.00 | 0.00 | 0.00 | |
| From Voluntary Sources | ||||
| Gift Aid | 525.00 | 525.00 | 893.75 | |
| Grants | 23500.00 | 23500.00 | 25000.00 | |
| Donations | 2084.80 | 2084.80 | 4175.22 | |
| TOTAL RECEIPTS | 2609.80 | 23500.00 | 26109.80 | 30068.97 |
| EXPENDITURE | ||||
| Charitable Activities | ||||
| Boatyard Storage | 4389.49 | 4389.49 | 4459.50 | |
| Electricity | 117.97 | 117.97 | 125.24 | |
| Insurance | 1327.20 | 1327.20 | 1014.61 | |
| Membership Fees | 54.00 | 54.00 | 54.00 | |
| Other Expenditure | ||||
| Renovation | 0.00 | 0.00 | 29796.37 | |
| TOTAL PAYMENTS | 5888.66 | 0.00 | 5888.66 | 35449.72 |
| NET SURPLUS | - 3278.86 | 23500.00 | 20221.14 | - 5380.75 |
| Brought Forward | 4231.64 | 0.00 | 4231.64 | 9612.39 |
| Carried Forward | 952.78 | 23500.00 | 24452.78 | 4231.64 |
| Statement of Assets and Liabilities | at 05 April 2021 | |||
| MONETARY ASSETS | 2021-22 | 2020-21 | ||
| Deposits and Bank Balances | ||||
| Co-operative Bank | 24452.78 | 4231.64 |