OCEANS OF HOPE UK
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Bright Brown Limited Chartered Accountants Exchange House, St Cross Lane, Newport, Isle of Wight, PO30 5BZ
OCEANS OF HOPE UK
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2021
| Page | |
|---|---|
| Charity information | 1 |
| Trustees' report | 2 - 3 |
| Independent examiner's report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
OCEANS OF HOPE UK
CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2021
| Address: | Front & Rear Basement Flat | |
|---|---|---|
| 20 Brunswick Square | ||
| HOVE | ||
| BN3 1EH | ||
| Trustees: | Robert Munns | MD/CEO |
| Nicola Claire Elizabeth Kaufman | Trustee & secretary | |
| Mikkel Anthonisen | Chair | |
| David Allsop | Trustee | |
| Jens Als Anderson | Trustee | |
| Charity number: | 1180234 | |
| Independent examiner: | Gavin Kelly FCCA, ACA | |
| Bright Brown Ltd | ||
| Exchange House | ||
| St Cross Lane | ||
| Newport | ||
| Isle of Wight | ||
| PO30 5BZ | ||
| Bankers: | Barclays Bank UK PLC |
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OCEANS OF HOPE UK
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021
The trustees present their report together with the financial statements of the charity for the period ended 31 March 2021. The financial statements comply with the charity’s governing document, Charity Commission guidance on receipts and payments accounts, and applicable law.
The legal and administrative information set out on page 1 forms part of this report.
Constitution, objects and aims
This report is to be read in conjunction with our first annual return for the UK charities commission.
To provide or assist in the provision of recreation or other leisure time occupation in particular sailing for individuals who have need of such activities by reason of serious disease or ill health in particular, but not exclusively, as a result of a Multiple Sclerosis diagnosis, in the interests of social welfare and with the object of improving their conditions of life.
Summary of the main activities We are a charity based in the UK which organises sailing events for people with Multiple Sclerosis (MS).
We are the home of the award-winning Oceans of Hope Challenges, offering people from all over the world the opportunity to sail alongside others with MS. MS is a chronic condition where the body attacks the brain and nervous system, leading to physical, cognitive, and emotional challenge.
In planning our activities for the year, the trustees complied with their duty to have due regard to the commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant. The main activity is the organising of sailing events for people with Multiple Sclerosis (MS). These activities benefit disabled people with MS by uniting them to work cooperatively in a sailing environment to overcome significant challenges. The events have helped participants to find strength and confidence, reigniting their desire to once again live their lives to the full, rather than feeling limited by their disease.
Our events benefit people with MS by developing their self-confidence and sailing skills and developing social networks. We welcome all people living with MS, regardless of personal background, faith, gender, nationality, or personal circumstances.
Contributions made by volunteers Oceans of Hope UK is a volunteer run organisation and so we recognise and give thanks for the valuable contributions of all volunteers who enable the charity to operate.
Future events
As with all charities, COVID 19 has had a large impact on our ability to operate in 2020. We have had to cancel all our events. This has led to work that our participants and followers do not see.
We have had to liaise with suppliers and partners to rearrange yacht charters, flights, and venues on four events this year. We have continued to engage with our participants using social media and hope to start UK based events again in Spring 2021.
During the UK lock down period and into the summer, we concentrated on continuing the charity’s narrative on social media. During this time, input from participants and Captains allowed us to continue our narrative.
We shared memories, tips and advice, informal sailing lessons, knot tying and hopes for the future together. This improved engagement with our followers during this time. I passionately believed that this also improved loyalty to our brand.
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OCEANS OF HOPE UK FOR THE PERIOD ENDED JI MAIICI 2021 f4ndal review Durin8 the period the dwirty recei¥ed inccthe of just under £IO.(JXI1202Tr. £7LQJJI, and paid expense5 of lust under £l.(W12020: £55,(thl. giving to a surplus of underjust £9.((O12020: just ower £16,{Kl. At 31 March 2021 the tharity holds £25,253 {2020: £16,389) In Unrestr1 free reserves. Re5eNes are hekl for the ongoing benefit of the chaTity to allow for the charity to fneet expenses as they fall due, and to provide Support for the chanty to meet the unantripated costs ordrcunl5tats that au OrgantIO must oxrtend wfth from timeto time. Prlndple sources ot luhdraisin8 During the period the chaiity received intome of donatlorts of £7,5L)frorn The SutEryathts Charity and £3,(IXI from Hilarfs Dream Trust. These wtll be (arried forward for future events The charity is a Charttable Incorporate(l Organisation governed direttty by Charity Law and regulated by the Charity Commission of England and Wales. tt operates underits consttiutw. In selectlng indiwduals for appolntment as appolnted charltytrustees. thetharity trustees have re8ard to the skills. kngwledgè and experiente needed forthe effective a(Iministraii¢)n ofthe ao. Oceans of Hope UK a an affiliate memberof the RYA Sailabiltty progwam. The trustees are resFK>nsible for keeping proper (Dunting record5 wfiith disd wtth rea50nablÈ accuracy at any time the financial pos6tton of the charity and to enable them to ensure th the finanual statements comply with Statements of Recommended practi and the regulations made underthe Charitses Act 2011. They are aLs0 ponsible for safeguarding the assets of the chafity and heno for taking reasonable step5 for the prevention and detection of fraud and other Érregularities. Approved by the trustees and sr8ned on thwr behalfby." Kaufman.Trustee 11/6/ /-
OCEANS OF HOPE UK
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021
I report on the accounts of the charity for the period ended 31 March 2020, set out on pages 5 to 7.
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
• to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and • to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's qualified statement
In connection with my examination, no matter has come to my attention other than that disclosed below:
-
which gives me reasonable cause to believe that in any material respect the requirements:
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(a) to keep accounting records in accordance with section 130 of the 2011 Act; and
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(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
The matter that has come to my attention is that in review of supporting documentation it was noted that supporting documentation, such as invoices or receipts is not available for a number of expenses items recorded in the period. Accounting records do agree to bank statements, and where documents have been retained these support the accounting records prepared, so I do not believe the accounts to be mistated, but I was unable to positively confirm the details around many of these transactions with reference to source documents. The charity trustees are aware of the importance of retaining such documentation going forward.
Gavin Kelly, FCCA, ACA Bright Brown Ltd Exchange House St Cross Lane Newport Isle of Wight PO30 5BZ
Date: 28 January 2022
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OCEANS OF HOPE UK RECEIPTSAND PAYMEPItS Accouiir FOR THE YEAR END8) 31 MAROI 2021 RECEIPTS Event income Donatn5 Merchandise 43.933 lo14 1.270 978 9.878 71,147 PAYMENTS Travel and SUbStente Merchandtse tosts Web5rte and social Equlpment (boat) hirE Fuel and M(1n85 18791 18791 8233 64 39 39 35.667 2.679 26 Other Prizes and gifts Venue costs and telephone Sundry Finan and aCUnng Govemance expenses 133 133 42 3.7LP3 670 130 146 519 519 236 236 li) TOTAL PAYMEPI15 1.0 1,015 54,758 IIEf IP4CREASEIItREA5E) IPI FUNIX5 8A63 8A63 16.389 Transfers between fuThJs Cash fuTMls broughtfow4rd 16.389 16.389 CASH FUNDS CARRIED 25,252 25,252 16.389 Approved bythe tntstees and ¢)n 1r kthlf by. Kaufman- Trustee 2*z/oi /?z Dated.. .....................................-.......
OCEANS OF HOPE UK
STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted funds £ 1 CASH FUNDS Current account 19,153 Euro account 6,099 25,252 2 OTHER MONETARY ASSETS None 3 ASSETS RETAINED FOR THE CHARITY'S OWN USE None 4 LIABILITIES None |
Restricted fund £ - - - |
Total 2021 £ 19,153 6,099 25,252 Current value £ - Current value £ - Amount Due £ - |
Total 2020 £ 9,261 7,128 |
|---|---|---|---|
| 16,389 | |||
| Current value £ - |
|||
| Current value £ - |
|||
| Amount Due £ - |
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