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2021-03-31-accounts

GREENPATH VENTURES

Charity number 1124202

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2021

GREENPATH VENTURES

CONTENTS

FOR THE YEAR ENDED 31 MARCH 2021

Page
Trustee's Annual Report 1-3
Receipts and payments account s
Statement of assets and liabilities 5
Notes to the accounts 6-7
Independentexaminer'sreport 8

GREENPATH VENTURES

TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

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The trustees present their report with the financial statements of the charity for the year ended 31st March 2021.

Full name

Greenpath Ventures

Registered address 22 Vine Drive Wivenhoe Essex CO7 9HB Trustee Board Chair Matt Smith (from 23 September 2020) Vice Chair Nick Elwood (up to 23 September 2020) Treasurer Linda Costello Technical Adviser Martyn Woodland, MBA, DipPFS Trustee Simon Kingdon

Trustee Board

Staff Manager John Wills Minutes Secretary Yvonne Wills

Volunteers

Ben Day Simon Kingdon Helen Price Matt Smith Ralph Spence Graham Weare Harry Wills Ollie Wills Tim Wright

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GREENPATH VENTURES

TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021 Seen

Chair's Report from 23 September 2020

Unfortunately due to Covid 19 regulations, Greenpath Ventures could not operate and had to go into a state of hibernation.

We are very optimistic that we will be up and running in the near future.

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Date: 30/07/2021
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Matt Smith Chairman from 23 September 2020

Manager's Report 2020 - 2021

At the end of last year, | remember writing the Annual Report stating that we faced an uncertain future due to the impending Covid pandemic. | don't think anyone could have envisaged the true scale and impact that would take place and the huge loss of life.

Greenpath Ventures, like all charities, was massively affected as a result.

The past year has really been one of isolation for the whole country and hibernation for us. Our funding has seen an all-time low, as many Funders switched their funding streams to deal with the immediate and very real issues of Covid.

The future is still very uncertain for the charitable sector; and we have already seen a number of small charities disappear. We are hoping that as the vaccine continues to be rolled out and restrictions start to lift we can once again start to see people on our courses and activity days. On a positive note we have once again started to make enquiries and bookings for this summer.

| wish to thank all the trustees, volunteers and our partners who have supported us over the past year. We are as committed as ever provide opportunities to the most disadvantaged people in society and hopeful that this pandemic has raised the importance of being outdoors for people's Mental Health, and as a result will see greater opportunities to extend our work and higher levels of funding.

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JohnManager Wills Tw;
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Date: S907 /o!
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GREENPATH VENTURES

TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021

We would like to thank the following for their support:

Arcaria Financial Solutions CARA

We would also like to extend our thanks for the personal donations, both large and small.

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GREENPATH VENTURES

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

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Unrestricted Restricted 2021 2020
Note Fund Fund Total Total
£ £ £ £
Receipts:
Donations, legacies and other
similar receipts 2 10,516 - 10,516 4,575
Operating activities to further
charity's objects 1,500 - 1,500 2,500
Total receipts 12,016 - 12,016 7,075
Payments:
Charitable payments
Charitable activities 3 9,235 2,403 11,638 14,252
Total payments 9,235 2,403 11,638 14,252
Net of receipts/(payments) 2,780 (2,403) 377 (7,177)
Transfers between funds = ws a #
Net of receipts/(payments) after transfers 2,780 (2,403) 377 (7,177)
Cash funds brought forward 6 116 6,033 6,149 13,326
Cashfundscarriedforward 6 2,896 3,630 6,526 6,149

The notes on page 7 - 8 form part of these accounts

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GREENPATH VENTURES

STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MARCH 2021

EL EL EL EL
2021 2020
Notes £ £
Cash Funds
Current account 6,386 6,012
Deposit account 78 78
Cash in hand 61 60
6,526 6,149
Represented by
Unrestricted funds 6 2,896 116
Restricted funds 6 3,630 6,033
6,526 6,149
Fixed assets
Equipment 4 17,510 18,079
17,510 18,079
Liabilities
Independent examination fee 192 192
Loan from trustee 5 13,636 13,636
13,828 13,828
TotalAssetslessLiabilities 3,682 4,251

These accounts were approved by the Trustees, and signed on their behalf by:

Treasurer: \ ‘

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Name:

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GREENPATH VENTURES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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  1. Accounting policies The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) -(Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
2. Donations, legacies and other Unrestricted Restricted Total Total
similar receipts Fund Fund 2021 2020
£ £ £ £
General donations/grants 10,516 - 10,516 4,575
10,516 - 10,516 4,575
3. Charitable activities Unrestricted Restricted Total Total
Fund Fund 2021 2020
£ £ £ £
Equipment, materials & assoc costs 66 1,816 1,882 4,865
Repayment of grant - - - 4,250
Miscellaneous expenses 915 32 947 -
Printing, postage & stationery 1 440 441 574
Professional fees 192 - 192 192
Rent & rates 1,200 - 1,200 1,875
Subscriptions 20 - 20 20
Telephone - - - 8
Training - 55 55 87
Vehicle expenses 456 59 516 484
Insurance 483 - 483 -
Wages & national insurance 5,901 - 5,901 1,896
9,235 2,403 11,638 14,252
4. Equipment Total Total
2021 2020
£ £
Binoculars & cameras 80 110
Computer equipment 52 71
Digital call and speaker 17 23
First aid equipment 109 150
Tinde, fireboxes, 10 reindeer pelts 583 663
Land Rover (PLO5 DKJ) 15,000 15,000
Tents and camping equipment 550 700
Archery equipment 120 165
Camera 175 223
Potters wheel 824 974
17,510 18,079

4. Equipment

In 2020 the value of the Land Rover was assessed, as they have increased in value over recent years. This valuation was reached based on market research for similar vehicle type based on age and specifications.

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GREENPATH VENTURES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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  1. Loan from Trustee During the year ended 30 June 2010, one of the Charity's Trustees took out a personnel loan on behalf of the Charity so that it could purchase a vehicle.

The total of the loan was £14,999 and the total amount repayable is £18,096 including interest.

There is no personal benefit to the Trustee having taken out the loan.

The Trustees have agreed that the loan will be repaid to the Trustee over 60 months (5 years). The loan is not being repaid and at 31 March 2021 there was £6,635.20 remaining to pay to the trustee.

In 2015, one of the trustees loaned the charity £7,000. There is no paperwork regarding this loan.

6. Funds Analysis Balance Incoming Expended Transfers Balance
at 01/04/20 Funds Funds in/out at 31/03/21
£ £ £ £ £
Unrestricted
General Fund 116 12,016 (9,235) - 2,896
Restricted Funds
Colchester Catalyst 735 - (735) - -
Awards for All Dec 2015 5,278 - (1,648) - 3,630
Unity Enterprises - - - - -
Tesco 14 - (14) - a
CBC 6 - (6) - -
Total restricted funds 6,033 - (2,403) - 3,630
TOTALS 6,149 12,016 (11,638) - 6,526

  1. Trustee Payments During 2021, one of the Charity's Trustees received payments of £Nil (2020 £4,650) in relation to rent of land for the Charities activities and craft sessions held. This trustee resigned in the 2020 financial year, however the payments for the full financial year have been included.

  2. Related party transactions

No person connected with the Directors has received or is due to receive any remuneration for the year directly or indirectly from the company's funds.

9. Going Concern

The charity is operating on a going concern basis.

10. Key Management Personnel

No staff (self employed) have earned more than £60,000 during the year.

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GREENPATH VENTURES

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

| report on the accounts of Greenpath Ventures for the year ended 31 March 2021 which are set out on pages 4 to 7.

Respective responsibilities of trustees and examiner

The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed.

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently | do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

| have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Shelley-Marie Rudling FMAAT AATQB for and on behalf of: Community360 Winsley’s House, High Street, Colchester, Essex

Y] , ain Date S” Meech 202 (

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