REGISTERED COMPANY NUMBER: (England and Wales) CE013594 REGISTERED CHARtrY NUMBER.. 1177643 Rert of the Trustees and Unaudited Financial Statements For the year ended 31 December 2021 For Thriving Through Venture Hazel Harvey Financial Services Paddock Gate Poulton Crescent MARLBOROUGH SN8 IBH
Thriving Through Venture Contents of the Financial Statements For the Year ended 31 December 2021 Page Report of the Trustees Independent Examinerfs Report Statement of Financial artivities Balance sheet Notes to the Financial Ststements Detailed Statement of Financial artivities
Thriving Through Venture Report of the Trustees For the Period Ended 31 December 2021 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 is Old Fox House, High St, Netheravon. Wiltshire, SP4 9PQ. The trustees of the charity present their report with the financial statements of the charty for the year ended 31st December 2021. 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 (effective l January 20151 The constitutional objects are to advance in life and help young people throuBh'. 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 capabilrties to enable them to participate in society as mature and responsible individuals. This is done by giving young people an opportunity to rise to a challenge that can connect them to their local community and to a different international community thereby gain a broader perspertive 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. TheTrustwas unable to run any programmesduringthe COVID 19 pandemic period. Whilst we were able to offer various programmes to schools and college. they did not feel that they were in a position to take up these offers due to the ongoing Covid situation, their reticence to expose their pupils to unnecessary risk and the likelihood compromise social distancing Euidelines etc. However the charity was able to work on internal administration and develop its plans for 2022. Our supporters happy for us to use their funds in this way given the extraordinary circumstances. Public benefft The trustees have considered the Chartty Commission guidan on public benefit Page I
ThrivÈng Through Venture FINANCIAL REVIEW Financial Position A surplus of incoming resources over outgoing resoLFrces was recorded in the period ended 31" December 2021. We have been authorised by our donors to carry forward this surplus and add to the broLEght forward balance. The increased 5urplu5 will be carried forward into 2022 to continue to fund our work with YOLbng people. Principal funding sources The Charity receives signtficant donations from charitable trusts and private individuals. Reseries pollcy The trustees aim to hold at any one time cash reserves equivalent to six months running costs. This aim was achieved at 31st December 2021 as it was not possible to run any of attivities during the year. It is proFK)sed to contart our funders to carry forward their donations into 2022 when we plan to restart our activities, albeit on a more restrirted bas15. REFERENCE AND ADMINISTRATION DETAILS Règistered Chaiity Numb 1177643 Independent Examiner Hazel Harvey Financial Services Paddock Gate Poulton Crescent MARLBOROUGH SN8 IBH This report has been prepared in accordance wtth the requirements of the Charities Act 2011. Approved by the order of the board of trustees on 14 September 2022 J M Del Mar- trustee Page 2
Thriving Through Ventyre Independent Examiner's Report to the Trustees of Thriving Through Venture Independent examiner's reptyt to the tnL5tees ol Thriving Through Venture {'the Chariw) I report to the chèrtty trustees on my examination of the accounts of the charity for the pertod ended 31st Dember 2021. Responsibilities and basis of report As the charity's trustees you are responsible forthe preparation of the accounts in accordance with the l-the ACV'I. Having 5at15fied myself that the accounts of the Charity are not required to be audited 3nd 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 carrying out my examination. I have followed all the applicable directions w-ven by the Charity Commission under secbon 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connertion with the examination which gives me (Juse to believe that in. any material respert.. the accounting records were not kept in accordance with section 130 of the Chartties Act- or the accounts did not accord with the accounting records: or the accounts did not compty with the applicable requirements concerning the form and content of accounts Set oijt in the Charities IAccounts and Reports) Regulation5 2008 other than any requIrnet that the accounts give a 'true and fairf wew 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. H A Harvey Hazel Harvey Financial Services Paddock Gate Poulton Crescent MARLBOROUGH SN8 IBH Page 3
Thriving Through Venture Statement of Financial Activtties For the Period ended 31" December 2021 2021 2020 INCOME AND ENDOWMEMfs FROM Donations and legacies Charitable actNities Other 14,103 37.81X) 35 TOTAL 14.103 37.835 EXPENDITURE ON Charitable Activities 13.230 14.217 NET INCOME 874 23.619 RECONCILIATION OF FUNDS Total funds brought forward 40.784 17.166 TOTAL FUNDS CARRIED FORWARD Page 4
Thfivkng Through Venture Balance Sheet At 31° December 2021 2021 2020 CURRENT ET5 Cash at bank 44.658 41.784 CREDITORS Amounts falling due within one year NEtCURRENT ASSETS 42.658 40.784 NE[ AssErs FUNDS Unrestricted funds 42,658 40,784 TOTAL FUNDS 42 These financial statements have been prepad in accordance with requirements of the Chèrities Art 2011. The finantÈal statements were approved by the trustees and were signed on their behalf by= Name Date of approwal dosykn I/ Page 5
Thriving Through Venture NOTES TO THE FINANCIAL STATEMENTS For the Period Ended 31 December 2020 ACCOUNTING POLICIES Basls of preparing the financial ststements These accounts have been prepared under the historical cost convention with items recognised at cost or transattion value unless otherwise stated in the relevant notelsl to these accounts. The accounts have been prepared accordance with 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 102}, and with the Charities Act 2011. The charity constitutes a public benefft entty as defined by FRS 102.. Income All income is recognised in the Statement of Financial Acttvities 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 recognised 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 BENEHTS Trustees, Expenses Trustees are reimbursed for goods and services bought from time to time on behalf of the charity. Page 6
Thriving Through Venture Detsiled Statement of financial Artivities For the Period ended 31 Decernr 2021 INCOME AND ENDOWMENT5 2021 2020 Donation5 and legaaes Donations / Grants Fundraising Books Giftaid 13.332 29.947 35 771 14,103 37.835 Total incoming resources EXPENDITURE Charitsble activities Activities Exhibitions Workshops Admin Books/Other 2,103 11,057 990 66 14,217 13,230 13,230 Totsl resources expended 13 Net Income Transferred to Reserves Thi5 page does not forni part of the statutory financial statements Page 7