**REGISTERED COMPANY NUMBER: 08379552 (England and Wales) REGISTERED CHARITY NUMBER: 1151117**
**Report of the Trustees and Financial Statements for the Year Ended 31 December 2022**
**for**
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Contents of the Financial Statements for the Year Ended 31 December 2022**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 11|
|**Report of the Independent Auditors**|12 to 13|
|**Statement of Financial Activities**|14|
|**Balance Sheet**|15|
|**Notes to the Financial Statements**|16 to 27|
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Report of the Trustees for the Year Ended 31 December 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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).
## **BACKGROUND TO THE CHARITY**
Peter Le Marchant died very young in the early '70s. His sister Clare searched for some time to find the best way to commemorate his life. On a trip on a friend's canal boat in 1973, she hit on the idea of building a boat for the disabled. That friend was a founder Trustee and, having resigned as a Trustee, took over the running of the Trust in 2002.
The first boat was a 40' narrowboat called "Matilda"; she carried her first 12 passengers in 1976.
As a result of the success of that first year, the Trust was formed in early 1977.
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The principal objects of the Charitable Company, as outlined in the memorandum of association, are:
- To aid in the relief of children and young adults under the age of 21 who are in conditions of need, hardship or distress and of the poor, the physically and mentally disabled.
- To provide facilities for recreation or other leisure-time occupation in the interests of social welfare, in order to improve the conditions in life of the classes of persons mentioned above.
- To offer financial support to such Charitable bodies or other exclusively charitable purposes as the Trustees see fit.
The Charitable Company has the general aim of contributing to the quality of life of the physically and mentally disabled and seriously-ill people of all ages from all over the country by the provision of boating day trips and holidays. It is believed that the therapeutic effects of a day or a holiday on the water on a mentally or physically disabled person are immeasurable.
## **Our activities and our boats**
The charity operated two boats in the period with Jubilee, our new boat, becoming operational in 2023:
## **SYMPHONY**
Symphony is our day boat which is equipped to take groups of up to 26 people including up to 10 standard wheelchairs. There is a wheelchair friendly hydraulic lift and specially designed toilets onboard.
The low level windows allow for easy viewing of the surroundings as we drift along the river. The boat is equipped with life jackets and crewed by an experienced Skipper with a Boatmasters Licence and our staff who will provide with information and assistance throughout the trip.
## **SERENADE**
Serenade is our holiday boat which can take up to 10 passengers for four night holidays. Serenade is designed and equipped to accommodate groups of disabled and/or seriously ill people. It is specially designed to accommodate wheelchair users and has an experienced Skipper with a Boatmasters Licence. There are hydraulic lifts fitted, special designed showers and toilet facilities and central heating throughout. The boat has 10 standard sized beds with four top bunks with bedding provided allowing for comfort and privacy on your trips. The boat is equipped with life jackets and there are low level windows so that all can enjoy the surroundings.
Page 1
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Report of the Trustees for the Year Ended 31 December 2022**
## **Public benefit**
In deciding what activities to undertake the Trustees have had regard to the guidance of the Charity Commission. Our main activities and whom we try to help are described within the charitable activities below along with the achievements of delivering public benefit. All our charitable activities focus on improving the quality of life of our passengers and their families by providing the opportunity to enjoy a distinctly different day out or holiday.
## **OBJECTIVES AND ACTIVITIES**
## **Investment Powers**
In furtherance of the objects of the Charitable Company, the Trustees have the following investment powers:
- To purchase suitable boats as may be considered necessary.
- To purchase any land or premises and to build facilities for storing the boats.
- To maintain and equip such land, premises and boats, including the provision of suitably qualified crews for the boats.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
We had a strong return to service over 2022 since the covid pandemic. Our season was shorter as we really began to take mainstream trip bookings from June, and we have reduced the number allowed on our trips from 26 to 20.
The makeup of our passengers and the groups that use our services still show a very high trend to people living with physical, mental, special needs and the elderly - totalling 57% of boat trips.
Our Wellbeing trips pilot for small groups and people not part of a group has proved very popular and were fully booked, we have gained finding to run more of these trips over 2023.
Our seasonal programme is proving very popular both being fully booked well before the date they are run. We are also fully booked for our Christmas trips. These trips made up 39% of our booking in 2022.
The charity operated two boats within the period, Serenade and Symphony, whilst the new boat Jubilee, which was purchased in the year, was prepared to take passengers in 2023.
## **Boat Bookings 2022**
## **Serenade:**
|**Month**||**Total Passengers**||**Number of Boat Trips**||
|---|---|---|---|---|---|
|April||236||14||
|May||124||8||
|June||217||13||
|July||284||19||
|August||562||31||
|September||309||18||
|October||274||17||
|November||-||-||
|December||780||43||
|**Total**||**2,786**||**163**||
Page 2
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Report of the Trustees for the Year Ended 31 December 2022**
## **Symphony:**
|**Month**||**Total Passengers**||**Number of Boat Trips**||
|---|---|---|---|---|---|
|April||104||8||
|May||412||24||
|June||359||22||
|July||419||24||
|August||486||27||
|September||349||22||
|October||239||13||
|November||-||-||
|December||-||-||
|**Total**||**2,368**||**140**||
## **Types of Passenger Trips/Groups:**
|**Type**||**Serenade**||**Symphony**||**Total**||
|---|---|---|---|---|---|---|---|
|Physically disabled / special needs/learning difficulty||18||51||69||
|Older People & Disabled||32||70||102||
|Family/ Social/ Seasonal||101||18||119||
|Young people||2||1||3||
|Wellbeing||10||-||10||
|**Total**||**163**||**140**||**303**||
## **Totals, Values and Averages**
- Total number of passengers in 2022 - 5,154
- Total number of trips in 2022 - 303
- Total number of hours on the water - 1,052 (590 Symphony, 462 Serenade)
- Trip volunteer hours - X 6 crew per trip - 6,312
- Value of volunteer hours based on Living Wage (£10.90) - £68,800
- Average number of passengers on a single boat trip - 17
Page 3
## **Peter Le Marchant Trust (Registered number: 08379552)**
**Report of the Trustees for the Year Ended 31 December 2022**
## **Young Peoples Project.**
Over 2022 our Young Peoples Project continues to develop and expand, working with key partnerships to deliver our programme, as well as doing our own bespoke projects. We have greatly increased the amount of young people engaged in our activities and using our local waterways
National Citizen Service - Further to the three weeks already hosted this year, we finished our placements with the NCS group w/c 22nd August who will be helped create some fantastic new garden areas at the trust which have inspired the gardening team volunteering at the trust to further work on the gardens. This has led to 80 young people active at our base from this organisation over the summer.
Page 4
**Peter Le Marchant Trust (Registered number: 08379552) Report of the Trustees for the Year Ended 31 December 2022**
The Prince's Trust - Completed a two weeks with the princes trust, including the renovation of two donated pedalos for their Get Started programme, where they were active on the base for a week working hard on these two rather dilapidated boats!
They have also completed a further week of crew training with the Coalville 12 week Team programme, of which we helped with their transport costs. Each successfully passed their training and will be issued with certificates for their achievements later this month. We have passed 26 young people aged 16-25 in crew training through this channel. We now have a firm working relationship with the Princes Trust and have already dates booked in the diary for next year for two crew training sessions and a further project week.
PLMT Young People's Crew training - Our crew training week was a great and several of these young people are now regularly crewing with us, after completing their training and mentoring sessions
Page 5
## **Peter Le Marchant Trust (Registered number: 08379552)**
**Report of the Trustees for the Year Ended 31 December 2022**
Young Peoples Saturday Sessions - These sessions are held once a month and we have successfully completed 7 of these over 2022, some of these have been in conjunction with the Canal and River Trust.
Over 150 young people and their families have attended and completed these sessions finishing off the season with narrow boat Lego building on Serenade.
Further Saturdays are, of course, being planned for 2023, and we are working closely with other organisations such as the Canal and River Trust and the Go Fishing! team to bring further events next year.
Sense College - We are hosting Sense college with a regular placement and are part of the Leicester and Leicestershire Enterprise Partnership and Speakers for these Schools. We have been working with these two organisations to bring a new project together in Leicestershire called ‘Unbox Your Future’ and involves producing a box of items relevant to the trust which are discussed in class. We then discuss roles and responsibilities within the organisation. Our project will involve the students learning hospitality skills, then bringing a class of younger students out for a trip on the boats, with these newly trained young people hosting (we will still be crewing of course). This is a 4 week programme, which we hope to further develop over the coming year.
Page 6
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Report of the Trustees for the Year Ended 31 December 2022**
**Grants and Fundraising** Over 2022 we:
- Continued to target our generous funders and backers as well as increased the number of foundations and trusts we approached.
- Targeted funding and grants to support our burgeoning Health and Wellbeing/Mental programme this has included devising a new strategic paper/approach geared up specifically to the priorities of the "five ways of better health" as prescribed by the NHS. This approach saw our charity gain innovative funding from the Neighbourhood Mental Health Prevention Grant, National Lottery - Awards For All, Intelligent Energy and Getting Help in Neighbourhoods - Mental Health Fund.
## **Volunteers & Staff**
Over 2022 we have:
- We have interviewed over 30 new potential volunteers, mainly interested in crewing.
- Our new gardening team successfully retained and achieved "Outstanding "status as part of the local Loughborough In Bloom programme. Our gardening team continue to work on their "Mood Plan" of improvements to the base and gardens.
- We trained a new skipper who passed his MCA skipper test and joins our skipper team.
- We have drafted up a new Code of Practice/Conduct Policy for volunteers in line with good practice.
- In terms of staffing we recruited for a new Administrator. The post has been taken up by Elizabeth Lynn. Liz has been a crew volunteer for the trust and has lots of office and administration experiences.
Page 7
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Report of the Trustees for the Year Ended 31 December 2022**
## **Partnerships**
We are continuing to work on a number of productive partnerships including:
- Defence Medical Rehabilitation Centre, we have successfully completed our first trip with the DMRC and are working with both the Benevolent Fund Charity Development and Occupational Therapist Team to set up trips over 2023.
- Sense College and have renewed our opportunities for young people with special education needs at our base
- - Our tripartite partnership between PLMT, Menphys and Leicestershire Holidays - we have completed over 12-day trip this season.
- Loughborough new "Loughborough Disabled Hub" - we have run a very successful trip with the new Hub and we are planning to work closely with them when they have launched the new Hub local in early 2023.
- Homefield College - visited the base over November, are working with us on developing a number of projects for people living with disability and Special Needs - initially including working with our Gardening Team to develop an educational and curriculum-based Fairy Garden.
- The Mighty Creatives - We hosted a young person work experience project. The organisation often deal with young people that have come through the care system, and they are given our trust training on helping these young people get the best out of their time with us.
- Learn By Design - We started three new young people on the gardening team who are on a 12 week placement with this organisation.
Page 8
## **Peter Le Marchant Trust (Registered number: 08379552)**
**Report of the Trustees for the Year Ended 31 December 2022**
## **FINANCIAL REVIEW Reserves policy**
At the year end the Charity had unrestricted reserves of £469,130 (2021: £472,901) and restricted reserves of £209,816 (2021: £277,846) amounting to a total of £678,946 (2021: £750,747). Of the reserves held by the charity, £382,029 (2021: £270,618) relates to the tangible fixed assets of the charity used to carry out its charitable objectives. Therefore the unrestricted 'free reserves' available to the charity to spend on its charitable activities are £87,101 (2021: £202,283).
The Charity's policy remains to retain sufficient reserves to ensure the continuation of its activities for the foreseeable future whilst the Trustees also recognise the need to maintain sufficient reserves to safeguard against the operational risk faced by the charity relating to the replacement and maintenance of the boats.
In delivering the Charity's activities and achieving it's objectives, the Charity relies on the boats that carry the passengers. These boats are subject to regular maintenance and repair but should a boat require a major repair or replacement this would be a large cost to the charity. The boats are all comprehensively insured up to their market value but the market value of the current boats is significantly below the cost of a new boat. Due to the integral part that the boats have in delivering the objectives and benefit to the public, the Trustees feel that it is prudent to maintain reserves in order to bridge the gap between the current market value and the replacement cost.
The Trustees aim to hold sufficient reserves to cover 12 months of the charity's expenditure within unrestricted reserves and to increase the capital replacement fund in order to safeguard the operations of the charity. 12 months of expenditure (after accounting for transfers to cover costs from restricted funds) represents £124,828. Therefore the free reserves of the charity represent just over 8 months of unrestricted expenditure.
During the period ended 31 December 2022 the Company had a deficit of £71,801 (2021: £4,435). Without the grant income and donations in the period the charity would have generated a deficit of £148,403 (2021: £111,416) which highlights the importance of the ongoing support of its donors and funders.
In order to continue the charity's continued existence and success annual fund raising needs to cover the operational costs £219,002 (2021: £183,003) less the charges for boat hire £44,873 (2021: £15,207).In the current economic climate this is a daunting task and the trustees are grateful for the encouragement of all those involved in the workings of the Trust which include opening and strengthening relationships with users and supporters, fund raising to meet our operating costs, and the general enhancement of the purposes of the Charity.
## **FUTURE PLANS**
Our plans over 2022/3 include:
- To seek and secure funding and grants;
- To widen our base of passengers and customers that use our services;
- Continuation of our new Young People's Project;
- Implementation of the Wellbeing trips
- Enhancing our base and gardens to increase our profile and footfall ;
- Expanding the number and range of partner organisations we work with;
- Develop and increase our volunteer base;
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The Limited Company Charity is controlled by its governing document, a memorandum of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Organisation**
The Board of Trustees, as set out above, governs the charity. The Board is required to hold at least two meetings in each calendar year. The Trustees have appointed a Management Committee to oversee the day-to-day administration of the charity, within the terms of reference laid down by the Trustees.
## **Recruitment and appointment of new trustees**
The appointment of any new Trustee is at the discretion of the existing Trustees and is subject to their unanimous approval. New Trustees are chosen for the skills and enthusiasm that they bring to the Company.
Page 9
## **Peter Le Marchant Trust (Registered number: 08379552)**
**Report of the Trustees for the Year Ended 31 December 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The Board of Trustees delegates the day-to-day running of the Company to the Chief Executive Officer who reports to the Management Committee, which consists of three Trustees, via telephone or email if urgent decisions are required. All Management Committee decisions are ratified at the next meeting of the full Board of Trustees.
## **Induction and training of new trustees**
New Trustees are encouraged to take days out on the day-boat, as well as spending time in the office. This gives them the opportunity to see for themselves how the organisation operates and to be able to speak to the staff, Volunteers and our passengers.
## **Key management remuneration**
The Trustees consider the role and responsibilities of key management personnel and review the remuneration package in line with similar entities. Annual appraisals and pay reviews on key management personnel are undertaken based on the individual's performance of their duties and fulfilment of the objectives of the charity in the period.
## **Risk Assessment**
As will be seen from the following paragraphs, the major risks to which the Company might be exposed are reviewed regularly by the Trustees. Systems and procedures are in place to manage such risks.
General: The safety and well-being of our passengers has always been the first priority of the Company, long before present legislation was introduced. The Charity is regulated by the Maritime & Coastguard Agency as well as the Health & Safety Executive and Canal & River Trust. With these regulatory bodies and our insurers in mind, the Company has developed a rigorous, comprehensive and well-documented Risk Assessment Policy, which is constantly under review. This includes guidance and mandatory training under the MCA Regulations for Volunteer Skippers and crews as well as for the permanent staff. A Trustees' Indemnity Policy is also in force.
## **Financial risk:**
It is the objective of the Trustees to maintain prudent reserves are maintained in order to balance out the inevitable fluctuations in donated income from year to year (see Reserves policy).
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
08379552 (England and Wales)
## **Registered Charity number**
1151117
## **Registered office**
15 Newland Lincoln Lincolnshire LN1 1XG
## **Trustees**
Rev P C Le Marchant-Connell P Donert (resigned 14.2.23) Mrs V Francklin C S D Moore T S Hanmer Mrs E J Martin DL R N J S Price Mrs C C Phillips
Page 10
## **Peter Le Marchant Trust (Registered number: 08379552)**
**Report of the Trustees for the Year Ended 31 December 2022**
## **Auditors**
Wright Vigar Limited Statutory Auditors Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG
## **Bankers**
HSBC PLC PO Box 13 41 Market Place Loughborough LE11 3EJ
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Key management**
T Marren- Chief Executive Officer
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Peter Le Marchant Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Approved by order of the board of trustees on 10 July 2023 and signed on its behalf by:
........................................................................ Rev P C Le Marchant-Connell - Trustee
Page 11
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Report of the Independent Auditors to the Members of Peter Le Marchant Trust (Registered number: 08379552)**
## **Opinion**
We have audited the financial statements of Peter Le Marchant Trust (the 'charitable company') for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 December 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Page 12
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Report of the Independent Auditors to the Members of Peter Le Marchant Trust (Registered number: 08379552)**
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our work is performed to include an assessment of the susceptibility of the entity's financial statements to material misstatement, including the risk of fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).
In identifying and assessing risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
- We plan our work to gain an understanding of the significant laws and regulations that are of significance to the entity and the sector in which they operate. We perform our work to ensure that the entity is complying with its legal and regulatory framework.
- We obtained an understanding of how the company is complying with those legal and regulatory frameworks by making inquiries to the management and people charged with governance.
We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included:
- Substantive procedures performed in accordance with the ISAs (UK).
- Challenging assumptions and judgments made by management in its significant accounting estimates.
- Identifying and testing journal entries, in particular material journal entries and an assessment of year end journals.
- Assessing the extent of compliance with the relevant laws and regulations.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
## Paul Colcomb
Paul Colcomb (Jul 12, 2023 08:22 GMT+1)
Paul Colcomb FCCA - Senior Statutory Auditor for and on behalf of Wright Vigar Limited Statutory Auditors Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG
Date: 12 July 2023
Page 13
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Statement of Financial Activities**
## **for the Year Ended 31 December 2022**
|Unrestricted
Unrestricted
Capital
funds
Fund
Notes
£
£
**INCOME AND ENDOWMENTS**
**FROM**
Donations and legacies
3
48,353
-
**Charitable activities**
6
Boat hire
44,873
-
Young Peoples Project
16,854
-
Other trading activities
4
7,958
-
Investment income
5
238
-
Other income
7
676
-
**Total**
118,952
-
**EXPENDITURE ON**
Raising funds
27,621
-
**Charitable activities**
8
Boat hire
124,558
-
Young Peoples Project
7,767
-
**Total**
159,946
-
**NET INCOME/(EXPENDITURE)**
(40,994)
-
**Transfers between funds**
20
137,223
(100,000)
**Net movement in funds**
96,229
(100,000)
**RECONCILIATION OF FUNDS**
Total funds brought forward
372,901
100,000
**TOTAL FUNDS CARRIED**
**FORWARD**
469,130
-|Restricted
funds
£
28,249
-
-
-
-
-
28,249
-
8,215
50,841
59,056
(30,807)
(37,223)
(68,030)
277,846
209,816|2022
Total
funds
£
76,602
44,873
16,854
7,958
238
676
147,201
27,621
132,773
58,608
219,002
(71,801)
-
(71,801)
750,747
678,946|2021
Total
funds
£
106,981
15,207
8,919
6,544
11
40,906
178,568
18,820
109,219
54,964
183,003
(4,435)
-
(4,435)
755,182
750,747|
|---|---|---|---|
The notes form part of these financial statements
Page 14
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Balance Sheet**
## **31 December 2022**
|Notes
**FIXED ASSETS**
Intangible assets
15
Tangible assets
16
**CURRENT ASSETS**
Stocks
17
Debtors
18
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one
year
19
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
20
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
14,100
367,929
382,029
1,935
16,314
77,349
95,598
(8,497)
87,101
469,130
469,130|Unrestricted
Capital
Fund
£
-
-
-
-
-
-
-
-
-
-
-|Restricted
funds
£
-
-
-
-
83,446
126,370
209,816
-
209,816
209,816
209,816|2022
Total
funds
£
14,100
367,929
382,029
1,935
99,760
203,719
305,414
(8,497)
296,917
678,946
678,946
469,130
209,816
678,946|2021
Total
funds
£
13,200
257,418
270,618
3,058
178,598
306,641
488,297
(8,168)
480,129
750,747
750,747
472,901
277,846
750,747|
|---|---|---|---|---|---|
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 10 July 2023 and were signed on its behalf by:
Caroline Phillips (Jul 10, 2023 15:12 GMT+1)
............................................. C C Phillips - Trustee
............................................. P C Le Marchant-Connell - Trustee
The notes form part of these financial statements
Page 15
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## **1. STATUTORY INFORMATION**
Peter Le Marchant Trust is a private company, registered in England and Wales. The company's registered number and registered office address can be found on the reference and administrative details, which is within the report of the trustees.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
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.
## **Expenditure**
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.
## **Allocation and apportionment of costs**
Expenditure is included on an accruals basis. Where costs cannot be directly attributed to a particular category, they are allocated on an estimates of staff time spent on the relevant role.
Fund raising costs include direct fundraising expenditure and 30% (2021: 30%) of the administrative salaries.
The costs of charitable activities include boat expenses, skippers' salaries, 50% (2021: 50%) of administrative salaries, boat and office equipment depreciation and general overheads.This also includes governance costs which includes further 20% (2021: 20%) of administrative salaries.
The costs are allocated against the relevant charitable activities on the basis of staff time spent between activities as follows:
|||**Young**|
|---|---|---|
|||**People's**|
||**Boat Hire**|**Project**|
|Overheads and office salaries|90%|10%|
## **Intangible fixed assets**
Intangible fixed assets are amortised over 5 years.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Freehold mooring land|- not provided|
|---|---|
|Improvements|- 2% on cost|
|Boats|- 5% on reducing balance|
|Boat equipment|- 5% on reducing balance|
|Other equipment|- 10% on reducing balance|
|Computer equipment|- 25% on cost|
Page 16
continued...
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 December 2022**
## **2. ACCOUNTING POLICIES - continued**
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **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.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Government grants**
Grants relating to the Coronavirus Job Retention Scheme are recognised in full in the period in which the associated salary, national insurance and pension costs were incurred.
## **3. DONATIONS AND LEGACIES**
|Donations
Legacies
Grants and donations
Grants received, included in the above, are as follows:
National Lottery
Charnwood Council
The Mark Benevolent Fund
Hedley Foundation
Provincial Grand Lodge Masons Leicestershire & Rutland
East Midlands Airport Community Fund
Sir Andrew Martin Trust
Lady Hind Trust
Grey Court Trust
The Dunn Family Trust
The Bruce Wake Foundation
D P Corah Trust
Sir John Eastwood Trust
Intelligent Energy
John Salmon
Mary Potter Convent
Haramead Trust
1961 Charitable Trust
The ALA Green Charitable Trust
Thomas Farr Nottinghamshire Community Foundation
Other grants||2022
£
14,677
-
61,925
76,602
2022
£
10,000
2,500
-
-
-
-
-
2,500
-
3,000
-
2,000
-
9,350
2,900
2,000
5,000
3,000
3,000
3,000
13,675
61,925|2021
£
9,680
22,501
74,800
106,981
2021
£
-
1,450
25,000
3,000
7,000
1,500
1,000
5,000
5,000
3,000
2,500
2,000
2,000
-
-
-
-
-
-
16,350
74,800|
|---|---|---|---|
|||||
|||||
Page 17
continued...
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **4. OTHER TRADING ACTIVITIES**
|Fundraising events
Shop income
Canopy income
**5.**
**INVESTMENT INCOME**
Deposit account interest
**6.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Boat hire contributions
Boat hire
Seasonal trips
Young Peoples Project
**7.**
**OTHER INCOME**
Other income
Government grants|2022
£
286
3,762
3,910
7,958
2022
£
238
2022
£
44,873
16,854
61,727
2022
£
676
-
676|2021
£
335
1,049
5,160
6,544
2021
£
11
2021
£
15,207
8,919
24,126
2021
£
1,005
39,901
40,906|
|---|---|---|
During the year, the charity received Coronavirus Job Retention Support grants amounting to £nil (2021: £22,471). The charity also received a small business grants and discretionary support grants amounting to £nil (2021: £17,340).
## **8. CHARITABLE ACTIVITIES COSTS**
|Boat hire
Young Peoples Project|Direct
Costs (see
note 9)
£
50,862
37,201
88,063|Support
costs (see
note 10)
£
81,911
21,407
103,318|Totals
£
132,773
58,608
191,381|
|---|---|---|---|
Page 18
continued...
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **9. DIRECT COSTS OF CHARITABLE ACTIVITIES**
||||2022|2021|
|---|---|---|---|---|
||||£|£|
||Staff costs||31,748|47,063|
||Repairs and upkeep of boats||36,261|20,121|
||Boat insurance||97|1,779|
||Co-ordinator costs||16,510|12,767|
||Project supplies||2,187|950|
||Depreciation||1,260|2,973|
||Loss on sale of assets||-|(8,533)|
||||88,063|77,120|
|**10.**|**SUPPORT COSTS**||||
||||Governance||
|||Management|costs|Totals|
|||£|£|£|
||Boat hire|59,869|22,042|81,911|
||Young Peoples Project|18,958|2,449|21,407|
|||78,827|24,491|103,318|
|**11.**|**NET INCOME/(EXPENDITURE)**||||
||Net income/(expenditure) is stated after charging/(crediting):||||
||||2022|2021|
||||£|£|
||Depreciation - owned assets||4,968|5,782|
||Surplus on disposal of fixed assets||-|(8,533)|
||Website costs amortisation||3,600|3,600|
|**12.**|**AUDITORS' REMUNERATION**||||
||||**Year ended**|**Year ended**|
||||**31.12.22**|**31.12.21**|
||Auditors' remuneration||3,120|3,000|
||Auditors' remuneration for non-audit work||5,233|4,668|
## **13. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **14. STAFF COSTS**
Total employee costs are analysed between the following:
|Wages/salaries
Social security
Pension|Year Ended
31.12.22
108,562
5,277
1,104
114,942|Year ended
31.12.21
103,449
5,456
1,894
114,280|
|---|---|---|
Page 19
continued...
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **14. STAFF COSTS - continued**
The average number of employees for the period was 5 (2021: 4) and none were paid more than £60,000 within the period.
The total remuneration paid to key management personnel in the year totalled £54,854 (2021: £52,530).
## **15. INTANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2022
Additions
At 31 December 2022
**AMORTISATION**
At 1 January 2022
Charge for year
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021|Website
costs
£
18,000
4,500
22,500
4,800
3,600
8,400
14,100
13,200|
|---|---|
## **16. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2022
Additions
At 31 December 2022
**DEPRECIATION**
At 1 January 2022
Charge for year
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021|Freehold
mooring
land
Improvements
£
£
155,524
63,272
-
-
155,524
63,272
-
11,053
-
1,266
-
12,319
155,524
50,953
155,524
52,219|Boats
£
47,904
113,374
161,278
17,321
1,529
18,850
142,428
30,583|
|---|---|---|
Page 20
continued...
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **16. TANGIBLE FIXED ASSETS - continued**
|Boat
equipment
£
**COST**
At 1 January 2022
11,406
Additions
-
At 31 December 2022
11,406
**DEPRECIATION**
At 1 January 2022
3,787
Charge for year
381
At 31 December 2022
4,168
**NET BOOK VALUE**
At 31 December 2022
7,238
At 31 December 2021
7,619
**17.**
**STOCKS**
Stocks
**18.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Asset under construction
Prepayments and accrued income
**19.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Social security and other taxes
Other creditors
Accrued expenses|Other
equipment
£
17,078
-
17,078
8,288
879
9,167
7,911
8,790|Computer
equipment
£
5,118
2,105
7,223
2,435
913
3,348
3,875
2,683
2022
£
1,935
2022
£
958
11
5,692
93,099
99,760
2022
£
2,279
338
5,880
8,497|Totals
£
300,302
115,479
415,781
42,884
4,968
47,852
367,929
257,418
2021
£
3,058
2021
£
430
11
31,632
146,525
178,598
2021
£
2,112
318
5,738
8,168|
|---|---|---|---|
|||||
Page 21
continued...
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **20. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General Fund
Unrestricted Capital Fund
Naval Architects Reserve
**Restricted funds**
St James's Place Foundation
The Jones 1986 Charitable Trust
Charnwood Council
Loughborough Univeristy Young people
project
Hedley Foundation
Boshier-Hinton
H D H Wills
Rank Foundation
Groundwork UK
Charlottle Bonham-Carter Charitable Trust
Sir Andrew Martin Trust
Baron Davenport
The Mark Benevolent Fund
National Lottery Grant
Leicestershire Shire Grant
Hedley Foundation- Mental Health
Mark Masons Hall- Melody
Charnwood Mental Health
Provincial Grand Lodge Masons
Leicestershire and Rutland- Melody Grant
Other
Thomas Farr- Mental Health
Intelligent Energy- Mental Health
John Salmon Mental Health
Mighty Creatives- Youth Placement
National Lottery- Wellbeing Project
**TOTAL FUNDS**|At 1.1.22
£
362,901
100,000
10,000
472,901
1,000
3,068
665
446
2,000
2,000
29,308
1,000
1,500
1,800
1,000
400
5,223
192,672
16
1,548
25,000
1,200
7,000
1,000
-
-
-
-
-
277,846
750,747|Net
movement
in funds
£
(40,994)
-
-
(40,994)
-
-
-
-
-
-
-
-
-
-
-
-
-
(50,841)
-
(1,548)
-
(1,200)
-
-
32
9,350
2,900
500
10,000
(30,807)
(71,801)|Transfers
between
funds
£
147,223
(100,000)
(10,000)
37,223
-
-
-
-
-
-
-
-
-
-
-
-
(5,223)
-
-
-
(25,000)
-
(7,000)
-
-
-
-
-
-
(37,223)
-|At
31.12.22
£
469,130
-
-
469,130
1,000
3,068
665
446
2,000
2,000
29,308
1,000
1,500
1,800
1,000
400
-
141,831
16
-
-
-
-
1,000
32
9,350
2,900
500
10,000
209,816
678,946|
|---|---|---|---|---|
Page 22
continued...
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **20. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General Fund
**Restricted funds**
National Lottery Grant
Hedley Foundation- Mental Health
Charnwood Mental Health
Thomas Farr- Mental Health
Intelligent Energy- Mental Health
John Salmon Mental Health
Mighty Creatives- Youth Placement
National Lottery- Wellbeing Project
**TOTAL FUNDS**|Incoming
resources
£
118,952
-
-
2,500
2,999
9,350
2,900
500
10,000
28,249
147,201|Resources
Movement
expended
in funds
£
£
(159,946)
(40,994)
(50,841)
(50,841)
(1,548)
(1,548)
(3,700)
(1,200)
(2,967)
32
-
9,350
-
2,900
-
500
-
10,000
(59,056)
(30,807)
(219,002)
(71,801)|
|---|---|---|
Page 23
continued...
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **20. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General Fund
Unrestricted Capital Fund
Naval Architects Reserve
**Restricted funds**
St James's Place Foundation
The Jones 1986 Charitable Trust
Charnwood Council
Loughborough Univeristy Young people
project
Hedley Foundation
Boshier-Hinton
RYA Foundation
H D H Wills
Rank Foundation
Groundwork UK
Charlottle Bonham-Carter Charitable Trust
Sir Andrew Martin Trust
Baron Davenport
The Mark Benevolent Fund
Leicester Communities
The Calton Hayes Mental Health Charity
Didymus Trust
National Lottery Grant
Leicestershire Shire Grant
Hedley Foundation- Mental Health
East Midlands Airport Community Fund
Mark Masons Hall- Melody
Charnwood Mental Health
Provincial Grand Lodge Masons
Leicestershire and Rutland- Melody Grant
Sir Andrew Martin Trust
Other
**TOTAL FUNDS**|At 1.1.21
£
310,968
100,000
10,000
420,968
1,000
5,000
4,175
446
2,000
2,000
1,682
35,000
1,000
1,500
1,800
1,000
400
35,250
4,000
3,000
5,000
223,261
6,700
-
-
-
-
-
-
-
334,214
755,182|Net
movement
in funds
£
17,830
-
-
17,830
-
(1,932)
(3,510)
-
-
-
-
-
-
-
-
-
-
(7,947)
(4,642)
(3,000)
(2,535)
(30,589)
(6,684)
2,880
1,500
25,000
1,200
7,000
(6)
1,000
(22,265)
(4,435)|Transfers
between
funds
£
34,103
-
-
34,103
-
-
-
-
-
-
(1,682)
(5,692)
-
-
-
-
-
(22,080)
642
-
(2,465)
-
-
(1,332)
(1,500)
-
-
-
6
-
(34,103)
-|At
31.12.21
£
362,901
100,000
10,000
472,901
1,000
3,068
665
446
2,000
2,000
-
29,308
1,000
1,500
1,800
1,000
400
5,223
-
-
-
192,672
16
1,548
-
25,000
1,200
7,000
-
1,000
277,846
750,747|
|---|---|---|---|---|
Page 24
continued...
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **20.**
## **MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General Fund
**Restricted funds**
The Jones 1986 Charitable Trust
Charnwood Council
The Mark Benevolent Fund
Leicester Communities
The Calton Hayes Mental Health Charity
Didymus Trust
National Lottery Grant
Leicestershire Shire Grant
Hedley Foundation- Mental Health
East Midlands Airport Community Fund
Mark Masons Hall- Melody
Charnwood Mental Health
Provincial Grand Lodge Masons
Leicestershire and Rutland- Melody Grant
Sir Andrew Martin Trust
Other
**TOTAL FUNDS**
**Restricted Funds:**
**Young People's Project:**|Incoming
resources
£
138,868
-
-
-
-
-
-
-
-
3,000
1,500
25,000
1,200
7,000
1,000
1,000
39,700
178,568|Resources
Movement
expended
in funds
£
£
(121,038)
17,830
(1,932)
(1,932)
(3,510)
(3,510)
(7,947)
(7,947)
(4,642)
(4,642)
(3,000)
(3,000)
(2,535)
(2,535)
(30,589)
(30,589)
(6,684)
(6,684)
(120)
2,880
-
1,500
-
25,000
-
1,200
-
7,000
(1,006)
(6)
-
1,000
(61,965)
(22,265)
(183,003)
(4,435)|
|---|---|---|
The following funding was received for the Young People's Project:
**St James' Place Foundation Charnwood Council Loughborough University Hedley Foundation Boshier-Hinton Rank Foundation Groundwork UK Charlotte Bonham Carter Charitable Trust Sir Andrew Martin Trust Baron Davenport Leicestershire Shire Grant National Lottery Grant Mighty Creatives The Jones 1986 Charitable Trust- For use in Nottinghamshire only**
## **Melody Refurbishment Project**
The following funds were received for the refurbishment of Melody:
**The Mark Benevolent Fund Mark Masonic Hall Provincial Grand Lodge Masons of Leicestershire and Rutland**
Page 25
continued...
## **Peter Le Marchant Trust (Registered number: 08379552)**
## **Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **20. MOVEMENT IN FUNDS - continued**
## **Other Restricted Funds:**
## **Royal Yachting Association (RYA)**
This was a donation for the costs incurred on boat toilets.
## **HDH Wells**
This fund arose from a donation towards a new boat.
## **Hedley Foundation- Mental Health**
This fund arose from a donation towards mental health trips.
## **Charnwood Borough Council- Mental Health**
This fund arose from a donation towards mental health trips.
## **Thomas Farr- Mental Health**
This fund arose from a donation towards mental health trips.
## **Intelligent Energy- Mental Health**
This fund arose from a donation towards mental health trips.
## **John Salmon- Mental Health**
This fund arose from a donation towards mental health trips.
## **National Lottery- Wellbeing**
This fund arose from a donation towards wellbeing trips.
## **Unrestricted Funds**
## **Unrestricted Capital Fund**
The Trustees' have designated £100,000 to this fund to cover all large repairs and replacements of boats in the future in order to safeguard the operations of the charity's activities and delivery of its objectives.
## **Naval Architects Fund**
The Trustees' designated monies to cover the estimated costs of the architects in relation to the new boat acquisition.
## **Transfers between funds**
## **Unrestricted Capital Fund**
A transfer of £100,00 was made back to the general fund to cover the costs on the purchase of Jubilee.
## **Naval Architects Reserve**
A transfer of £10,000 was made from the Naval Architects Reserve to general funds to un-designate amounts as the expenditure is not imminent.
## **The Mark Benevolent Fund**
A transfer of £5,223 was made from the Mark Benevolent Fund to general funds for costs relating to the Melody refurbishment/ Jubilee costs paid out of unrestricted funds.
## **The Mark Masons Hall Fund**
A transfer of £25,000 was made from the Mark Masons Hall Fund to general funds for costs relating to the Melody refurbishment/ Jubilee paid out of unrestricted funds.
## **Provincial Grand Lodge Masons Leicestershire and Rutland Fund**
A transfer of £7,000 was made from the Provincial Grand Lodge Masons Leicestershire and Rutland Fund to general funds for costs relating to the Melody refurbishment/ Jubilee paid out of unrestricted funds.
Page 26
continued...
## **Peter Le Marchant Trust (Registered number: 08379552)**
**Notes to the Financial Statements - continued for the Year Ended 31 December 2022**
## **21. RELATED PARTY DISCLOSURES**
During the year trustee Clare Le Marchant purchased goods totalling £58 from the charity. As at 31 December £58 was due from Clare Le Marchant.
Page 27