REGISTERED COMPANY NUMBER= (England and Wales) CE013594 REGISTERED CHARttY NUMBER: 1177643 Report ofthe Trustees and Unaudited Financial Statements For the year ended 31" December 2020 For Thrivin8 Through Venture Hazel Harvey Financial Servites Paddock Gate Poulton Crescent MARLBOROUGH SN8 IBH
Thriving Through Venture Contents of the Financial Statements Forthe Year ended 31 Dember 2020 Page Report of the Trustees Independent Examinerfs Report Statement of Financial actNities 8alance sheet Notes to the Financial Ststements Detailed Statement of Financial activities
Thriving Through Venture Report of the Trustees For the Period Ended 31" December 2020 Thriving Through Venture was established as a Charitable Incorporated Organisation ICIOI, Charity Registration number 1177643, on 20 March 2018. Trustees are Josephine Del Mar Ichairl. Alexandra Jackson, Rose Barclay. Dr Katie Adolphus. The address of the principal office 15 Mills Farm. Southcott, Pewsey Wiltshire SN9 5JF. The trL¢Stees of the charity present their report with the financial statements of the charity for the year ended 31st December 2020. 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 IFRS 1021 leffective l January 20151 The constitutional objects are to advance in life and help young people through= the provision of activities in the interest of social welfare, designed to improve their conditions of life, providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. This is done by giving youn8 people an opportunity to rise to a challenge that can connect them to their local community and to a different international community and thereby gain a broader perspective on their own world. The programme aims to develop self- awareness and resilience whilst creating an understanding of the young people's own purpose and personal values. The Trust was unable to run any programmes during the COVID 19 pandemic period. Howeverthe charity was able to work on internal administration and develop its plans for 2021 Public benefrt The trustees have considered the Charity Commission guidance on public benefit Page I
Thriving Through Venture FINANCIAL REVIEW Financial Position A surplus of incoming resource5 over outgoing resources was recorded in the period ended 31 December 2020. This surplus will be added to the brought fonvard balance and the increased surplus will be carried fonvard into 2021 to continue to fund our work with young people. Principal funding sources The Charity receives significant donations from charitable trusts and private individuals. Reserves policv The trustees aim to hold at any one time cash reseNes equivalent to six months running costs. This aim was achieved at 31st December 2020 as it was not possible to run any of activities during the year. It is proposed to contart our funders to carry forward their donations into 2021 when we plan to restart our activities, albeit on a more restricted basis. REFERENCE AND ADMINisfRATION DETAILS Registered Charity Number 1177643 Independent Examiner Hazel Harvey Financial Services Paddock Gate Poulton Crescent MARLBOROUGH SN8 IBH This report has been prepared in accordance with the requirements of the Charities Act 2011. Approved by the order of the board of trustees on 12th October 2021 J M Del Mar-trustee Page 2
Thriving Through Venture Independent Examinees Report to the Trustees of ThrfvingThrough Venture Independent examiner's report to the trurtees of Thriving Through Venture I'the Charity,) I report to the charity trustees on my examination of the accounts of the charity for the period ended 31st December 2020. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the I'the AcVI- Having satisfied myself that the accounts of the Charity are not required to be audited and are eligible for independent examination, I report in respect of my examination of the Trusys accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable directions given by the Charity Commission under section 14515llbl of the Act. Independent examlnerfs ststement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any material respect: the accounting records were not kept in accordance with settn 130 of the Charities Act- or the accounts did not accord with the accounting records- or the accounts did not comply wwth the applicable requirements concerning the fom7 and content of accounts set out in the Charities (Accounts and Reports) Regulation5 2(X)8 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connertion 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. ij H A Hatvey Hazel Harvey Financial Services Paddock Gate Poulton Crescent MARLBOROUGH SN8 IBH Page 3
Thriving Through Venture Statement of Financial Artivities Forthe Period ended 31" December 2020 2020 2019 INCOME AND ENDOWMENTS FROM Doriations and legacies Charitable activities Other 37,8(X) 35 52,816 TOTAL 37,835 52,822 EXPENDITURE ON Charitable Activities 14.217 60,901 NET INCOME 23.619 -8.079 RECONCILIATION OF FUNDS Total funds brought forward 17,166 25,244 TOTAL FUNDS CARRIED FORWARD Page 4
Thriving Through Venture Balance Sheet At 31" December 2020 2020 2019 CURRENT ASSETS Cash at bank 41,784 ', 33,160 CREDITORS Amounts falling due within one year 15,944 NET CURRENT ASSETS 40.784 17.166 NET ASSErs FUNDS Unrestricted funds 40.784 17,166 TOTAL FUNDS These financial statements have been prepared in accordance with requirements of the Charities Act 2011. The financial statements were approved by the trustee and were signed on their behalf by.. Name Date of approval ?-10- Page 5
Thriving Through Venture NOTES TO THE FINANCIALSTATEMENTS For the Period Ended 31" December 2020 ACCOUNTING POLICIES Basis of preparing the financial statements These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notels) to these accounts. The accounts have been prepared in accordance wlth the Statement of Recommended Practice= Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014. and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* Income All income 15 recognised in the Statement of Finar)cial Activities ISOFAI when the charity becomes entitled to the resources, it Is more likely than not that the trustees will receive the resources- and the monetary value can be measured with sufficient reliability. Expenditure Liabilities are retogni5ed where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. TRUSTEES, REMUNERATION AND BENEATS Trustees. Expenses Trustees are reimbursed for goods and servi5 bought from tirne to time on behalf of the charity. Page 6
Thriving Through Venture Detailed Statement of financial Activities For the Period ended 31" December 2020 INCOME AND ENDOWMEMrs 2020 2019 Donations and legacies Donations / Grants Fundraising Books Gift aid 29,947 49,430 3,386 35 37,835 52,822 Total incoming resources 37 EXPENDITURE Charitable artivities Activities Exhibitions Workshops Admin Books/Other 2,103 32,443 836 24,852 2.423 347 60,901 11.057 990 14,217 Total resources expended 14 Net Income TransFerred to Reserves This page does not forni part of the statutory financial statements Page 7