Registered Charity Number: 1151117 Registered Company Number: 08379552 Summary of audited accounts Year Ended 31[st] December 2023
SUMMARY FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 REGISTERED CHARITY NUMBER: 1151117
2023 was a very successful year for the charity. As well as expanding the number of both our mainstream trips and popular seasonal trips we also significantly enhanced our innovative Health and Wellbeing programme and Young Peoples Project.
In terms of meeting needs and positive outcomes we served over 6,500 passengers and ran over 370 trips. Direct feedback was overwhelmingly positive with 96% of our passengers giving our charity a five-star rating.
Registered Charity Number: 1151117 Registered Company Number: 08379552
Summary of audited accounts Year Ended 31[st] December 2023
Details of the Peter Le Marchant Trust
For over forty-five years our Trust has provided day trips and holidays on our local waterways for people of all ages with any kind of physical or mental disability. We offer proven positive and stimulating experiences for all age groups and disabilities. Our holidays and day trips on our three disability friendly boats provide everyone with a unique experience of peace and tranquillity.
Our season typically runs from March to October inclusive, every day except Bank Holidays and includes weekends. Symphony and Serenade primarily operate as day trip boats which can accommodate up to 26 passengers, Jubilee is available for self-hire sleeping up to six people which can be hired by families or groups.
Achievements in the year:
Over 2023, we ran 378 canal boat trips and served 6,562 passengers, made up of:
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135 trips for people living with physical disability, special needs and individuals with learning difficulties.
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101 trips for older people and older people living with disabilities.
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112 family, social, and seasonal trip.
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30 young people trips.
Overview
As well as 2023 seeing recording breaking bookings, we also:
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Significantly developed our Health and Wellbeing programme. We ran 40 Health and Wellbeing trips and welcomed over 830 passengers to our charity, the majority for the first time. We also received very positive feedback from these tripos, 96% of passengers rating our service five star. This project clearly demonstrates the positive work we deliver and the meaningful outcomes we achieve for people living with physical and mental disability.
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Ran 30 young people’s project activities on our canal boats over 2023 involving 531 young people constituting around 7% of our canal boat activity for the year. On top of this we had a significant number of young people activity involved in our trust over 2023 not directly on our canal boats including well over 500 participating in our Young People Health and Wellbeing Week and Open Day.
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Enhanced our popular and colourful Seasonal trip programme for families and children, including Easter, Summer Pirates and Christmas. Over 2023 we ran 105 Seasonal trips for 1.163 passengers a record number since we started this project five years ago.
Registered Charity Number: 1151117 Registered Company Number: 08379552
Summary of audited accounts Year Ended 31[st] December 2023
Financial Review:
- Although the balance sheet shows funds of £599,648, a large proportion of these funds are the fixed assets of the charity. The Charity’s ‘free reserves’ available for the operations and charitable objectives is considerably lower as detailed below:
| £ | |
|---|---|
| Total Funds of the Charity | 599,648 |
| Less: | |
| Funds within fixed assets | (367,342) |
| Restricted funds | (131,238) |
| Free Reserves of the Charity | 101,068 |
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The free reserves amount to almost nine months of core running costs which highlights the importance of the ongoing support of the donors and funders of the charity. The Trustees aim to hold sufficient reserves to cover twelve months of unrestricted expenditure of the charity which is approximately £139,000.
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The abridged accounts are shown on the next page.
Registered Charity Number: 1151117 Registered Company Number: 08379552
– Abridged Statement of Financial Activities Year ending 31 December 2023
| Year Ended 31/12/23 £ |
Year Ended 31/12/22 £ |
|
|---|---|---|
| Income and Endowments from: | ||
| Fund-raisingactivities and donations | 99,362 | 76,602 |
| Charitable activities | 80,573 | 61,727 |
| Merchandisingincome | 7,276 | 7,958 |
| Investment income | 1,573 | 238 |
| Other Income(including governmentgrants) | 726 | 676 |
| Total Incoming Resources | 189,510 | 147,201 |
| Expenditure on: | ||
| Raisingfunds | 22,331 | 27,621 |
| Charitable activities | 246,477 | 191,381 |
| Total Resources Expended | 268,808 | 219,002 |
| Net Income/ (Expenditure) | ~~(~~ (79,298) |
(71,801) |
| Abridged Balance Sheet as 31 December 2022 | Year Ended 31/12/22 £ 14,100 206,477 142,428 19,024 382,029 101,695 203,719 (8,497) 678,946 469,130 209,816 678,946 |
|
| Year Ended 31/12/23 £ |
Year Ended 31/12/22 £ |
|
| Fixed Assets | ||
| Website | 10,350 | 14,100 |
| Land and improvements | 205,423 | 206,477 |
| Boats | 136,494 | 142,428 |
| Other equipment | 15,075 | 19,024 |
| 367,342 | 382,029 | |
| Current Assets | ||
| Debtors and stock@ | 46,985 | 101,695 |
| Cash at bank and in hand | 194,456 | 203,719 |
| Less: Current liabilities | (9,135) | (8,497) |
| Net Assets | 599,648 | 678,946 |
| Funds: | ||
| General funds | 468,410 | 469,130 |
| Restricted funds | 131,238 | 209,816 |
| Total Funds** | 599,648 | 678,946 |
** - Please see the previous page for available funds to the charity. The free reserves of the charity are £101,068
@- Debtors include restricted grant funding of £29,668 (2022: £83,446) which will be received over the next year.
Registered Charity Number: 1151117 Registered Company Number: 08379552
Summary of audited accounts Year Ended 31[st] December 2023
Independent Auditor’s Statement to the trustees of The Peter Le Marchant Trust Limited
We have examined the summarised financial statements for the year ended 31 December 2023 set out above.
Respective responsibilities of the trustees and the auditor
The trustees are responsible for preparing the summarised financial statements in accordance with applicable United Kingdom law and the recommendations of the Charities SORP.
Our responsibility is to report to you our opinion on the consistency of the summarised financial statements with the full annual financial statements and the Trustees’ Annual Report.
We also read other information contained in the summarised annual report and consider the implications for our report if we become aware of any apparent misstatements or material inconsistencies with the summarised financial statements.
We conducted our work in accordance with Bulletin 2008/3 issued by the Auditing Practices Board.
Opinion
In our opinion the summarised financial statements are consistent, following the consideration of the additional explanations, with the full annual financial statements and the Trustees’ Annual Report of The Peter Le Marchant Trust Limited for the year ended 31 December 2023.
Wright Vigar Limited Statutory Auditors Morton House 12 Appletongate Newark Notts NG24 1JY
Date: 13 May 2024