## **Venturers Norfolk Broads Cruise**
**Charity number: 1180463**
Receipts and Payments Accounts for the year ended 31 May 2021
## **Contents**
||Page|
|---|---|
|Trustees Report & Responsibilities|1 - 3|
|Independent Examiner's Report|4|
|Statement of Receipts and Payments|5|
|Statement of Assets and Liabilities|6|
**Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended 31 May 2021**
## **Charity Standing Information**
The Venturers Norfolk Broads cruise is an incorporated charitable trust and registered with the Charity Commission on 1 October 2018 under number 1180463. The Venturers Norfolk Broads Cruise was originally set up in 1946 and the trust constitution adopted on 30 April 1959. It was registered with the Charity Commission on 4 May 1971 under number 262348. The constitution has been amended a couple of times over that period to reflect changes over the years and in October 2018 transferred to the new ICO.
The registered address of the charity is:
73 Conifer Crest, Newbury. RG14 6RS
Trustees who served in the year are:
Mr K D Smith Chairman Mr S R Elphick Treasurer Mr T J Smith Secretary Mr N J Gray Mr J P Rowlandson Dr K E C Gill Dr C J Spradbery Mr A M Charles Mr J R Spradbery Miss H M Glover
Trustees are recruited when a vacancy needs to be filled. The present Trustees put forward any names they feel would be suitable and after suitable discussion, candidates would be approached by the chairman. Trustees have to be serving volunteers of the cruise to stand in this office.
Bankers:
Nat West Bank Plc – Edgeware branch
Examiner:
Mr Nigel Chapman
## **Activities & Objectives**
The trust exists to provide educational and character training – physical, mental and spiritual – within a religious framework, for young people between the ages of 12 and 18, by giving training and experience in seamanship, navigation and boat handling. During the year we were again unable to meet these objectives and had to cancel a cruise for young people at Easter 2021 due to the Covid-19 pandemic. It was hoped that a training weekend for older crew members could be held in September 2021.
1
**Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended 31 May 2021**
## **Public Benefit**
The trustees are aware of the charity commission guidance on public benefit. The cruise is open to all young people of the required age and all are welcome.
## **Achievements & Performance**
As a result of the Covid-19 pandemic, we were unable to run the annual Easter cruise on the Norfolk Broads. However, we plan to run a training weekend for older children in September 2021.
## **Financial review**
The cruise made a loss of £638 this year. Although the cruise was not liable for boat hire costs this year, a number of ongoing outgoings totalling £966 had to be met. This was offset by a number of kind donations.
## **Reserves policy**
The Trustees hold accumulated reserves to provide working capital for its ongoing activities, and to provide a buffer against possible future deficits and to keep funds to help support participants who are not able to afford full fees. The trustees consider that the level of reserves at 31 May 21 continues to be sufficient to meet those requirements.
## **Risk Management**
The Trustees carry out careful risk management for all activities, carry insurance for commercial risks and work within the requirements of legislation monitored by the Adventure Activities Licensing Authority.
2
**Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended 31 May 2021**
## **Statement of trustees’ responsibilities**
Charity law requires the Trustees to prepare Financial Statements for each financial year, which gives a true and fair view of the state of affairs of the charity and of its financial activities for that period. In preparing those Financial Statements the trustees are required to:
- a) select suitable accounting policies and apply them consistently
- b) make judgements and estimates that are reasonable and prudent
- c) prepare the financial statements on the going concern basis unless it is inappropriate to assume the charity will continue operating.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud or other irregularities.
- K D Smith, Chairman
- 5 February 2022
3
**Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended 31 May 2021**
## **I report on the accounts of the Charity for the year ended 31 May 2021, which are set out on pages 5-6.**
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts.
The trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an Independent Examination is required.
As an examiner it is my responsibility to:
- a) examine the accounts under s145 of the Charities Act
- b) follow the procedures laid down in the General Directions given by the Charity Commissioners (under s145(5)(b) of the Charities Act and
- c) to state whether particular matters have come to my attention.
## **Basis of the examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning 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 Statement, report and opinion**
In connection with my examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that in any material respect the requirements:
- a) to keep accounting records in accordance with section 130 of the Charities Act;
- b) and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met **or**
- 2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Nigel Chapman MBA, ACIB 187 College Road Norwich NR2 3JD
5 February 2022
4
## **Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended 31 May 2021**
|**Income**
Donations
Fees from charitable activities
Interest received
Tax reclaimed on Gift Aid
**Expenditure**
**Cost of running the cruise**
Refund
Boat hire
Insurance
Catering
Moorings & hall fees
CCPAS services
Equipment
Postage & stationery
Cost of awards
Training for volunteers
Subscriptions
**Surplus/(Deficit)**
Transfers between funds
Bursary fund expended this year
Cash funds as at 1 June 2020
Cash funds as at 31 May 2021
Current account
Deposit account
**Current assets**
**Debtors & prepayments**
Amount held by Herbert Woods as
deposit for 2021 cruise
Gift aid repayment due
**Creditors**|**General funds**
**Designated funds Restricted funds**
**Total 2021**
**Total 2020**
160
-
165
325
4,925
-
-
-
285
-
-
3
3
53
-
-
-
-
1,353|
|---|---|
||**160**
**-**
**168**
**328**
**6,616**|
||285
-
-
285
-
-
-
-
-
11,794
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
129
-
-
129
169
-
-
-
-
-
92
-
-
92
-
-
-
-
-
-
330
-
-
330
561
130
-
-
130
130|
||**966**
**-**
**-**
**966**
**12,654**|
||(806)
-
168
(638)
(6,038)
-
-
-
-
-
-
-
-
-
-
8,981
26,573
361
35,915
41,953
8,175
26,573
529
35,277
35,915
8,050
-
165
8,215
8,857
125
26,573
364
27,062
27,059|
||**8,175**
**26,573**
**529**
**35,277**
**35,916**|
||**2021**
**2020**
2,639
2,639
1,515
1,444
**4,154**
**4,083**
-
285.00
-
285.00|
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**Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended**
## **31 May 2021**
## **Treasurers Declaration**
The statement of assets and liabilities represents the true state of the Charity's finances to the best of my knowledge.
Mr S R Elphick
5 February 2022
6