## 

## 

||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<br>activitiesinrelationtothose|Para1.17and<br>1.19|**The main activity has been raising**<br>**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<br>achievementsof thecharity,|**Para 1.20**|**given to local interest groups.**<br>**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**|





## 

## 

##