Company registration number: 08104554 Charity registration number: 1148201
**WAVENEY STARDUST TRUST LIMITED TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026**
## **Waveney Stardust Trust Limited Contents**
||**Page**|
|---|---|
|Trustees' Report|1—3|
|Independent Examiner's Report|4|
|Statement of Financial Activities (including Income and Expenditure Account)|5|
|Balance Sheet|6—7|
|Notes to the Financial Statements|8—13|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities (including Income and Expenditure
Account)|14—15|
**Waveney Stardust Trust Limited Company No. 08104554 Trustees' Report For The Year Ended 31 January 2026**
The trustees present their report and the financial statements for the year ended 31 January 2026.
## **Objectives and Activities**
## **Aims and Objectives**
The charity is established for the relief of disabled and/or elderly people by the provision of facilities for recreation; in particular the provision of boat trips by day on the Suffolk and Norfolk Broads with the object of improving the condition of life of such persons.
## **Public Benefit**
Despite best efforts to recover from Covid-19 repercussions, Waveney Stardust Trust Limited operations were still depleted for the 2025 season. The charity fortunately continued to operate a number of cruises aboard WSII from Beccles and Brundall. Trips were available for passengers to book from April to December 2025, however, the number of bookings were again reduced.
Operational staff for the cruiser consisted of skippers, deck and cabin crew members, supported by onshore administration from the Bookings Officer, Shore Support Officer, IT Officer and Information Support Officer. Again, crew volunteers registered for active crewing for the charity during the 2025 season were reduced. Skippers and crew continue to undergo appropriate training and examinations to qualify them to carry out their roles . Active recruitment for new volunteers for crewing and administrative support is ongoing. Safety of all persons aboard is the highest priority, the cruiser and all aspects associated with the cruises, the hydraulic platform lift and ramps are maintained and certified to operate within the legal requirements. All safety items have been checked tested, passed and certificated by health and safety engineers to comply with the Broads Authority's Passenger Boat licence. The high maintenance programme on the operational cruiser is continual.
To summarise, one cruiser has been operational for the season in Beccles and Brundall during 2025.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## **Financial Review**
## **Financial Position**
Retained reserves at the year end amounted to £215,446. This included the written down values of the Waveney Stardust Cruisers. Expenditure exceeded income for the year by £11,671. Detailed information can be found in the attached accounts.
## **Reserves Policy**
The Trust holds a separate Business Premium account with Barclays Bank, which holds funds at the year end of £47,230.86 specifically for emergency use.
## **Structure, Governance and Management**
Page 1
**Waveney Stardust Trust Limited Trustees' Report (continued) For The Year Ended 31 January 2026**
## **Governing Document**
The company is established under its memorandum and articles of association dated 13 June 2012 and is limited by guarantee.
## **Trustee Selection Methods**
New trustees are recruited and appointed by existing trustees.
## **Reference and Administrative Details**
## **Trustees**
Ms G A Lovegrove Mr N A Foreman Mr R A Cowie Mr D A Stone
## **Charity Number**
1148201
## **Company Number**
08104554
## **Registered Office**
Georgian House 34 Thoroughfare Halesworth Suffolk IP19 8AP
## **Independent Examiner**
Pieter Nicholas van Dijk FMAAT Van Dijk Accountants Georgian House 34 Thoroughfare Halesworth Suffolk IP19 8AP
Page 2
**Waveney Stardust Trust Limited Trustees' Report (continued) For The Year Ended 31 January 2026**
## **Small Company Rules**
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:
Ms G A Lovegrove
Trustee 01/07/2026
Page 3
## **Waveney Stardust Trust Limited Independent Examiner's Report to the Trustees of Waveney Stardust Trust Limited For The Year Ended 31 January 2026**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2026.
## **Responsibilities and Basis of Report**
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and 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.
Pieter Nicholas van Dijk FMAAT
01/07/2026 Georgian House 34 Thoroughfare Halesworth Suffolk IP19 8AP
Page 4
## **Waveney Stardust Trust Limited Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 January 2026**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Other trading activities
**4**
Investments
**5**
**EXPENDITURE ON:**
Charitable activities:
**7**
Charitable activities
**NET EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**14**|**2026**
**Unrestricted**
**funds**
**£**
17,578
12,315
734|**2025**
**Unrestricted**
**funds**
**£**
21,495
13,600
746|
|---|---|---|
||30,627|35,841|
||(42,298)|(46,935)|
||(11,671)|(11,094)|
||(11,671)
227,107|(11,094)
238,201|
||215,436|227,107|
The notes on pages 8 to 13 form part of these financial statements.
Page 5
## **Waveney Stardust Trust Limited Balance Sheet As At 31 January 2026**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**11**
**CURRENT ASSETS**
Debtors
**12**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**13**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**14**|**2026**
**Unrestricted**
**funds**
**£**
138,045|**2025**
**Total**
**funds**
**£**
153,481|
|---|---|---|
||138,045
2,210
77,079|153,481
2,713
72,968|
||79,289
(1,898)|75,681
(2,055)|
||77,391|73,626|
||215,436|227,107|
||215,436|227,107|
||215,436|227,107|
||215,436|227,107|
Page 6
## **Waveney Stardust Trust Limited Balance Sheet (continued) As At 31 January 2026**
For the year ending 31 January 2026 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Ms G A Lovegrove
Trustee 01/07/2026
The notes on pages 8 to 13 form part of these financial statements.
Page 7
**Waveney Stardust Trust Limited Notes to the Financial Statements For The Year Ended 31 January 2026**
## 1. **General Information**
Waveney Stardust Trust Limited is a company limited by guarantee, incorporated in England & Wales, registered number 08104554 and registered charity number 1148201. The registered office is Georgian House, 34 Thoroughfare, Halesworth, Suffolk, IP19 8AP.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of 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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## 2.3. **Incoming Resources**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## 2.4. **Resources Expended**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## 2.5. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% and 20% reducing balance
Page 8
**Waveney Stardust Trust Limited Notes to the Financial Statements (continued) For The Year Ended 31 January 2026**
## 2.6. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 2.7. **Taxation**
The charity is exempt from tax as all its income is charitable and applied for charitable purposes.
## 3. **Income from Donations and Legacies**
|3.
**Income from Donations and Legacies**|||
|---|---|---|
|Donations and gifts
4.
**Income from Other Trading Activities**
Boat hire fees
Membership fees|**2026**
**Unrestricted **
**funds**
**£**
17,578|**2025**
**Unrestricted**
**funds**
**£**
21,495|
||**2026**
**Unrestricted**
**funds**
**£**
12,250
65|**2025**
**Unrestricted**
**funds**
**£**
13,535
65|
||12,315|13,600|
## 5. **Investment Income**
|Bank interest receivable
.
**Net Income/(Expenditure)**
he net expenditure is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned|**2026**
**Unrestricted **
**funds**
**£**
734|**2025**
**Unrestricted**
**funds**
**£**
746|
|---|---|---|
## 6. **Net Income/(Expenditure)**
The net expenditure is stated after charging/(crediting):
Page 9
## **Waveney Stardust Trust Limited Notes to the Financial Statements (continued) For The Year Ended 31 January 2026**
## 7. **Analysis of Expenditure**
|7.
**Analysis of Expenditure**||||
|---|---|---|---|
|Charitable activities
Charitable activities
8.
**Support Costs**
Employee costs
Premises expenses
General administration
Depreciation
Employee costs
Premises expenses
General administration
Depreciation|**Activities**
**undertaken**
**directly**
**£**
5,760|**Support**
**costs**
(see note
8)
**£**
36,538|**2026**
**Total**
**£**
42,298|
||**Activities**
**undertaken**
**directly**
**£**
5,760|**Support**
**costs**
(see note
8)
**£**
41,175|**2025**
**Total**
**£**
46,935|
||||**2026**
**Charitable**
**activities**
**£**
922
2,757
17,423
15,436|
||||36,538|
||||**2025**
**Charitable**
**activities**
**£**
784
2,715
20,501
17,175|
||||41,175|
Page 10
## **Waveney Stardust Trust Limited Notes to the Financial Statements (continued) For The Year Ended 31 January 2026**
|9.
**Independent Examiner's Remuneration**
Other financial services
10.
**Average Number of Employees**
Average number of employees during the year was: NIL (2025: NIL)
11.
**Tangible Assets**
**Cost**
As at 1 February 2025
As at 31 January 2026
**Depreciation**
As at 1 February 2025
Provided during the period
As at 31 January 2026
**Net Book Value**
As at 31 January 2026
As at 1 February 2025
12.
**Debtors**
**Due within one year**
Prepayments and accrued income
VAT|**2026**
**£**
780
**2026**
**£**
2,139
71
2,210|**2025**
**£**
750|
|---|---|---|
|||**Plant &**
**Machinery**
**£**
376,808|
|||376,808|
|||223,327
15,436|
|||238,763|
|||138,045|
|||153,481|
|||**2025**
**£**
2,650
63|
|||2,713|
Page 11
## **Waveney Stardust Trust Limited Notes to the Financial Statements (continued) For The Year Ended 31 January 2026**
## 13. **Creditors: Amounts Falling Due Within One Year**
|Trade creditors
Other creditors
Accruals
14.
**Movement in Funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1**
**February**
**2025**
**£**
227,107|**Income**
**£**
30,627|**2026**
**£**
982
136
780
1,898
**Expenditure**
**£**
(42,298)|**2025**
**£**
1,441
614
-|
|---|---|---|---|---|
|||||2,055|
|||||**As at 31**
**January**
**2026**
**£**
215,436|
||227,107|30,627|(42,298)|215,436|
||**As at 1**
**February**
**2024**
**£**
238,201|**Income**
**£**
35,841|**Expenditure**
**£**
(46,935)|**As at 31**
**January**
**2025**
**£**
227,107|
||238,201|35,841|(46,935)|227,107|
## 15. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
Page 12
## **Waveney Stardust Trust Limited Notes to the Financial Statements (continued) For The Year Ended 31 January 2026**
|Travel
Other Expenses|**2026**
**£**
642
1,829|**2025**
**£**
693
2,163|
|---|---|---|
||2,471|2,856|
Number of trustees reimbursed for expenses during the year was 3 (2025: 3)
## 16. **Related Party Disclosures**
There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note.
## 17. **Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 13
## **Waveney Stardust Trust Limited Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 January 2026**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Donations and fund raising
**Other trading activities**
Boat hire fees
Membership fees
**Investments**
Bank interest receivable
**EXPENDITURE ON:**
**Charitable Activities:**
**Charitable activities**
Fundraising fees
Protective clothing
Travel expenses
Rent and mooring fees
Light and heat
Boat fuel and pumpouts
Galley
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Training and testing of machines
Telephone
Website and software
Independent examiner's fees
Bank charges|**2026**
**Total**
**funds**
**£**
17,578|
|---|---|
||17,578
12,250
65|
||12,315
734|
||734|
Page 14
**Waveney Stardust Trust Limited Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued) For The Year Ended 31 January 2026**
|Gift aid recovery
Sundry expenses
Depreciation of plant and machinery
**NET EXPENDITURE**|-
(179)
(15,436)|(116)
(200)
(17,175)|
|---|---|---|
||(42,298)|(46,935)|
||(42,298)|(46,935)|
||(11,671)|(11,094)|
Page 15