Venturers Norfolk Broads Cruise
Charity number: 1180463
Receipts and Payments Accounts for the year ended 31 May 2023
Contents
| Page | |
|---|---|
| Trustees Report & Responsibilities | 1 - 3 |
| Statement of Receipts and Payments | 4 |
| Statement of Assets and Liabilities | 5 |
Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended 31 May 2023
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 Mr A M Charles Mr J R Spradbery Miss H M Glover Miss A Carrick
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
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Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended 31 May 2023
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.
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
During the year we were, once again, able to meet these objectives and ran not only a cruise for young people at Easter 2023, which was attended by 39 young people (21 boys and 18 girls). A training weekend is planned for those young people we identify as having leadership potential in September 2023.
Financial review
The cruise made a surplus of £2728 this year. This was in most due to the outstanding payment by HMRC due on gift aid. It is recommended that the fee of £330 remains for 2024.
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 on 31 May 2023 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.
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Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended 31 May 2023
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:
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a) select suitable accounting policies and apply them consistently
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b) make judgements and estimates that are reasonable and prudent
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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
November 2023
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Venturers Norfolk Broads Cruise
Trustees Annual Report for the year ended
31 May 2023
| Income Donations Fees from charitable activities Interest received Tax reclaimed on Gift Aid Expenditure Cost of running the cruise Boat hire Insurance Catering Moorings & hall fees CCPAS services Equipment Postage & stationery Cost of awards Training for volunteers Subscriptions (RYA/ALAA) Internet 75th Merchandice Surplus/(Deficit) Transfers between funds Bursary fund expended this year Cash funds as at 1 June 2022 Cash funds as at 31 May 2023 Current account Deposit account Current assets Debtors & prepayments Amount held by Herbert Woods as deposit for 2023 cruise Gift aid repayment due |
General fund Designated funds Restricted funds Total 2023 Total 2022 7,075 - 180 7,255 2,788 13,075 - - 13,075 11,013 - - 162 162 7 2,184 - - 2,184 - |
|---|---|
| 22,334 - 342 22,676 13,808 |
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| 13,804 - - 13,804 8,354 852 - - 852 935 3,910 - - 3,910 4,420 593 - - 593 560 227 - - 227 439 135 - - 135 1,111 33 - - 33 70 75 - - 75 - 75 - - 75 1,052 150 - - 150 855 94 - - 94 112 - - - - 478 |
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| 19,948 - - 19,948 18,387 |
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| 2,386 - 342 2,728 (638) - - - - - 165 (165) - - 3,672 26,573 453 30,698 35,277 6,223 26,573 630 33,426 30,698 6,015 - 180 6,195 3,629 208 26,573 450 27,231 27,069 |
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| 6,223 26,573 630 33,426 30,698 |
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| 2023 2022 - 450 1,650 2,123 1,650 2,573 |
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Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended
31 May 2023
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
November 2023
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