## **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
1
**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.
2
**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:
- 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
November 2023
3
## **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**|
||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|
||**19,948**
**-**
**-**
**19,948**
**18,387**|
||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|
||**6,223**
**26,573**
**630**
**33,426**
**30,698**|
||**2023**
**2022**
-
450
1,650
2,123
**1,650**
**2,573**|
4
**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
5