## **Venturers Norfolk Broads Cruise**
## **Charity number: 1180463**
Receipts and Payments Accounts for the year ended 31 May 2024
## **Contents**
||Page|
|---|---|
|Trustees Report & Responsibilities|1 – 3|
|Statement of Receipts and Payments &|4|
|Statement of Assets and Liabilities||
**Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended 31 May 2024**
## **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 must 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 2024**
## **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 2024, which was attended by 42 young people (25 boys and 17 girls). A training weekend was held in September 2023 for 18 of these (8 boys and 10 girls) we identified as having leadership potential.
## **Financial review**
The cruise incurred a deficit of £146 this year. Whilst the cost of the boat hire for training weekend (£1925) was borne by the cruise, this was offset by increased donations of £1000. With increasing costs for boat hire and catering it is recommended that the fee (which has been set at £330 since 2023) is increased to £345 for 2025. In addition, the deposit has been £40 for many years and recently we have experienced several cancellations prior to payment of the final fee; it was considered that an increase to £100 would discourage this.
## **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 2024 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 (AALA). We were visited by AALA during this year’s cruise and given a licence for a further 3 years.
2
**Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended 31 May 2024**
## **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
October 2024
3
## **Venturers Norfolk Broads Cruise**
## **Trustees Annual Report for the year ended**
## **31 May 2024**
|**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
Sundry
**Surplus/(Deficit)**
Transfers between funds
Bursary fund expended this year
Cash funds as at 1 June 2023
Cash funds as at 31 May 2024
Current account
Deposit account
**Current assets**
**Debtors & prepayments**
Amount held by Herbert Woods
as deposit for 2023 cruise
Gift aid repayment due
**Creditors**|**General fund Designated funds Restricted funds Total 2024 Total 2023**
8,080
-
180
8,260
7,255
13,895
-
-
13,895
13,075
-
-
388
388
162
1,650
-
-
1,650
2,184|
|---|---|
||**23,625**
**-**
**568**
**24,193**
**22,676**|
||17,191
-
-
17,191
13,804
857
-
-
857
852
4,473
-
-
4,473
3,910
341
-
-
341
593
203
-
-
203
227
117
-
-
117
135
32
-
-
32
33
78
-
-
78
75
127
-
-
127
75
875
-
-
875
150
-
-
-
-
94
45
-
-
45
-|
||**24,339**
**-**
**-**
**24,339**
**19,948**|
||(714)
-
568
(146)
2,728
-
-
-
-
-
165
(165)
-
-
6,223
26,573
630
33,426
30,698
5,674
26,573
1,033
33,280
33,426
5,481
-
180
5,661
6,195
208
26,573
838
27,619
27,231|
||**5,689**
**26,573**
**1,018**
**33,280**
**33,426**|
||**2024**
**2023**
216
-
1,426
1,650
**1,642**
**1,650**
80.00
-
80.00
-|
4
**Venturers Norfolk Broads Cruise Trustees Annual Report for the year ended**
## **31 May 2024**
## **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
October 2024
5