Trustees' Annual Report for the period
Period start date Period end date From 1st January 2022 To 31st December 2022
Section A Reference and administration details
Charity name Upton Watersports Lake Trust Other names charity is known by Registered charity number (if any) 1178253 Charity's principal address 43 Perpetual House Station Road Henley-on-Thames RG9 1AF
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (if any) |
|---|---|---|---|---|
| Peter PhilipBarker | ||||
| Christopher Jeremy Horne |
Upton Rowing Club | |||
| Ronald McNeill Paterson |
Chairman | |||
| Philippa Carey Riddle |
Upton Rowing Club | |||
| Maurice Stanley | Ex officio as Chairman of Upton RowingClub |
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Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
Names and addresses of advisers (Optional information)
| Type of adviser | Name Address |
Name Address |
|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) | ||
Section B Structure, governance and management
Description of the charity’s trusts
Constitution based on the model wording for a CIO. Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted (eg. trust, association, company) (a) Appointed by existing trustees (minimum one, maximum four) Trustee selection methods (b) Nominated by Upton Rowing Club (minimum one, maximum four) (eg. appointed by, elected by) (c) Chairman of Upton Rowing Club, ex officio
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Section C Objectives and activities
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To promote community participation in amateur sport and healthy recreation, in particular (but without limitation) by providing facilities for rowing and other non-powered watersports, primarily but not exclusively Summary of the objects of the for the residents of Upton-upon-Severn and the surrounding area. charity set out in its governing document Upton Watersports Lake Trust was established in May 2018 in order to take a leading role in the development and operation of a new lake that is presently being created alongside the River Severn by the extraction of mineral deposits. This is a long term project, with the mineral excavation scheduled to continue well into the 2020s, and only after that will its use for sport and recreation become possible. In the years leading up to that time, however, the Trust will take part in the planning of the eventual facilities and will seek to raise funds as and when required to meet its costs. This will include working in collaboration with Upton Rowing Club and other potential users of the lake, and engaging with the local community, the planning authorities, the landowners, the mineral Summary of the main extraction company and all other interested parties in order to bring the activities undertaken for the project to a successful conclusion. The trustees will conduct all these public benefit in relation to activities with regard to the Charity Commission’s guidance on public these objects (include within benefit. this section the statutory In the year to 31 December 2022, the Trust received bank interest of £1. declaration that trustees have Apart from bank charges totalling £81, there were no other financial had regard to the guidance transactions in the year. issued by the Charity Commission on public benefit)
Additional details of objectives and activities (Optional information)
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You may choose to include further statements, where relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D Achievements and performance
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Section D Achievements and performance
As noted in the previous section, the development of the lake will take Summary of the main several years and at this stage the Trust has not yet commenced any achievements of the charity operations of its own. In the meantime, however, the Trustees have during the year continued to take part in consultations with other parties involved in the development, in order to ensure that the project is proceeding in a way that will meet the Trust’s objectives in due course. The most significant event in 2022 was that the mineral extraction company obtained planning permission for its site restoration plan that allows the creation of the lake in accordance with its proposed use for water sports. This was essential to the viability of the project and will now allow other work to continue. It is expected that the excavation of the site will continue at least until the middle of the current decade, after which the development and use of the lake will be able to commence. In the meantime, it is hoped that a boathouse will be built before then in order to provide facilities for the users of the lake, and the Trust will work with Upton Rowing Club to raise funds for this first phase of the project.
Section E Financial review
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Brief statement of the charity’s policy on reserves
The Trust has not yet commenced substantive operations and will establish its reserves policy in due course in the future.
Details of any funds materially in deficit
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) R M Paterson Full name(s) Ronald McNeill Paterson Position (eg Secretary, Chair, Chairman etc) Date 02/02/23
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Upton Watersports Lake Trust No. 1178253 Receipts and payments account CC16a For the period Period start date Period end date To from 1st Jan 2022 31[st] Dec 2022
Section A Receipts and payments
| Section A Receipts and payments | Section A Receipts and payments | Section A Receipts and payments | ||||
|---|---|---|---|---|---|---|
| to the nearest £ A1 Receipts Unrestricted funds |
to the nearest £ Restricted funds |
to the nearest £ Endowment funds |
Total funds to the nearest £ |
Last year to the nearest £ |
||
| Donation | - - - - - - - - |
- - - - - - - - |
- - 1 - - - - - |
90 23 - - - - - - |
||
| Gift Aid | ||||||
| Bank interest | 1 | |||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| Sub total(Gross income for AR) | 1 |
- | - | 1 | 113 | |
| - - |
- - |
- - |
- | |||
| - | - | - | - | |||
| 1 | ||||||
| - | - | 113 | ||||
Bank charges |
81 | - - - - - - - - - |
- - - - - - - - - |
81 - - - - - - - - |
96 - - - - - - - - |
|
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| - | ||||||
| Sub total | 81 | - | - | 81 | 96 | |
| - - |
- - |
- - |
||||
| - | - | - | - | |||
| 81 -80 |
||||||
| - | - | 96 | ||||
| -80 | - | - | 17 | |||
| - | - - |
- - |
0 984 |
- 967 |
||
| 984 | ||||||
| 904 | - | - | 904 | 984 |
CCXX R1 accounts (SS)
08/02/2023
1
Section B Statement of assets and liabilities at the end of the period
| Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use Signed by one or two trustees on behalf of all the trustees |
Details Bank current account Details Details Details Details Signature R M Paterson Total cash funds (agree balances with receipts and payments account(s)) |
to nearest £ Unrestricted funds |
to nearest £ Restricted funds |
to nearest £ Restricted funds |
to nearest £ Endowment funds |
|---|---|---|---|---|---|
| 904 - - |
- | - | |||
| - | - | ||||
| - | - | ||||
| 904 | 0 | - | |||
| OK | |||||
| to nearest £ Endowment funds |
|||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| Current value (optional) |
|||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| Current value (optional) |
|||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| - | |||||
| When due (optional) |
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| Date of approval |
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| R M Paterson | Ronald McNeill Paterson | 02/02/23 | |||
CCXX R2 accounts (SS)
08/02/2023
2