REGISTERED COMPANY NUMBER: (England and Wales) CE013594 REGISTERED CHARITY NUMBER: 1177643 Report of the Trustees and Unaudited Financial Statements For the year ended 31[st] December 2023 For Thriving Through Venture Hazel Harvey Financial Services Paddock Gate Poulton Crescent MARLBOROUGH SN8 1BH Thriving Through Venture ## Contents of the Financial Statements For the Year ended 31[st] December 2023 ||Page| |---|---| |Report of the Trustees|1 - 2| |Independent Examiner’s Report|3| |Statement of Financial actvites|4| |Balance sheet|5| |Notes to the Financial Statements|6| |Detailed Statement of Financial actvites|7| Thriving Through Venture ## **Report of the Trustees** For the Period Ended 31[st] December 2023 Thriving Through Venture was established as a Charitable Incorporated Organisation (CIO), Charity Registration number 1177643, on 20 March 2018. Trustees are Josephine Del Mar (chair), Dania Pegna, Bridget Goldsmith. The address of the principal office is ~~O~~ ld Fox House, High St, Netheravon, Wiltshire, SP4 9PQ The trustees of the charity present their report with the financial statements of the charity for the year ended 31st December 2023.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 2015) The constitutional objects are to advance in life and help young people through the provision of activities to better prepare them for life; designed to develop their resilience, 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 young 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. 2023 saw the implementation of TTV’s third successful programme called Identity and Communities delivered to a cohort of 7 young people from 2 state schools and 1 independent school: Ridgeway School, New College Swindon and Marlborough College. Over a six month period: 3 weekends, a number of evening workshops and an 8 day trip to Gunjur in The Gambia, the young people realised a huge transformation in self -confidence. Resilience training activities included: photography workshops using a digital SLR camera for documenting trips and to explore identity of self; hosting a lunch for The Harbour Project refugees to hear their stories; opportunity to discuss and understand the local environment and history with visit to Greenham Common with Nicola Chester (Environmentalist and writer); Gambian lunch with the Kombo Sila Community in Bristol to meet Gambians prior to the trip to Gunjur. The aim of the trip to Gunjur was to complete the programme and to introduce both the UK and Gambian young people to a new community by connecting each young person to a Gambian partner. The Gambian partners learnt English speaking skills, photography and computer skills; the UK partners learnt about a Gambian Muslim culture and life in The Gambia. The friendships formed facilitated a sharing of personal concerns and aspirations. The impact of the partnerships was recorded in a short film. A written evaluation for 2023 was completed by Jane Muir Brooks (specialist teacher and researcher) and Eli Brooks (Clinical Psychologist). ## **Public benefit** The trustees have considered the Charity Commission guidance on public benefit **Page 1** Thriving Through Venture ## **FINANCIAL REVIEW** ## **Financial Position** During the year ended 31[st] December 2023 outgoing resources exceeded incoming resources. This was funded by brought forward surpluses from previous years which we were authorised by our donors to carry forward to use in future years. There is a small surplus to carry forward to 2024 but this has been significantly reduced. There is therefore a need to seek further funding to secure the future of our work with young people. ## **Principal funding sources** The Charity receives significant donations from charitable trusts and private individuals. ## **Reserves policy** The trustees aim to hold at any one time cash reserves equivalent to six months running costs. This aim was not achieved at 31st December 2023. There is therefore a need to seek further funding to secure the future of our work with young people. ## **REFERENCE AND ADMINISTRATION DETAILS** ## **Registered Charity Number** 1177643 ## **Independent Examiner** Hazel Harvey Financial Services Paddock Gate Poulton Crescent MARLBOROUGH SN8 1BH 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 JM Del Mar J M Del Mar – trustee Page 2 Thriving Through Venture ## **Independent Examiner's Report to the Trustees of Thriving Through Venture** ## **Independent examiner's report to the trustees of Thriving Through Venture ('the Charity')** I report to the charity trustees on my examination of the accounts of the charity for the period ended 31st December 2023. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the accounts in accordance with the (“the Act”). 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 Trust’s 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 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm 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 section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of - accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. H A Harvey Hazel Harvey Financial Services Paddock Gate Poulton Crescent MARLBOROUGH SN8 1BH Page 3 Statement of Financial Activities Thriving Through Venture For the Period ended 31[st] December 2023 |INCOME AND ENDOWMENTS FROM
Donatons and legacies
Charitable actvites
Other

TOTAL
EXPENDITURE ON
Charitable Actvites

NET INCOME

RECONCILIATION OF FUNDS
Total funds brought forward

TOTAL FUNDS CARRIED FORWARD
|2023
37,289
______4
37,293
46,071
_______
-8,778
12,712
_______
3,935|2022
15,025
_______
15,025
43,971
_______
-28,946
41,658
_______
12,712| |---|---|---| Page 4 Balance Sheet Thriving Through Venture |
CURRENT ASSETS
Cash at bank

CREDITORS
Amounts falling due within one year


NET CURRENT ASSETS


NET ASSETS

FUNDS
Unrestricted funds


TOTAL FUNDS
|At 31stDecember
2023
£

3.935
0
______
3,935
______
3,935
3,935
______
3,935|2022
£
12,712
0
______
12,712
______
12,712
12,712
______
12,712| |---|---|---| These financial statements have been prepared in accordance with requirements of the Charities Act 2011. The financial statements were approved by the trustees and were signed on their behalf by: Name Date of approval JM Del Mar 30.9.24 Page 5 Thriving Through Venture NOTES TO THE FINANCIAL STATEMENTS For the Period Ended 31[st] December 2023 ## 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 note(s) to these accounts. The accounts have been prepared in 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 (FRS 102) issued on 16 July 2014, and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.* ## **Income** All income is recognised in the Statement of Financial Activities (SoFA) 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 BENEFITS** ## **Trustees’ Expenses** Trustees are reimbursed for goods and services bought from time to time on behalf of the charity. Page 6 Thriving Through Venture ## Detailed Statement of financial Activities For the Period ended 31[st] December |INCOME AND ENDOWMENTS
**Donatons and legacies**
Donatons / Grants
Fundraising
Other
Gif aid
**Total incoming resources**
**EXPENDITURE**
**Charitable actvites**
Actvites

Consultants / Workshops
Admin

Books/Other
**Total resources expended**
Net Income
Transferred to/(from) Reserves|2023
35,240

0

22
2,031

37,293

**37,293**

23,733

11,600

10,738

0

46,071

**46.071**

-8,778

-8,778
|2022
15,025
0
0
0
15,025
15,025
10,260
15,849
17,862
0
43,971
**43,971**
-28,946
-28.946| |---|---|---| This page does not form part of the statutory financial statements Page 7