## **Trustees’ Annual Report for the period** **From 1 January, 2021 To 31 December, 2021** ## **Charity name: The Magenta Project** ## **Charity registration number: 1180719** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The Magenta Project promotes equality
and diversity in sailing. We upskill and
connect female sailors by providing on
water training, learning and development
opportunities and through building networks
and relationships that connect people;
inspire female sailors through raising
awareness and the visibility of women in
sailing and work across the sailing industry
to deliver change.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|During the period in question the Charity
continued to operate to promote its
activities and charitable aims at sailing
events. Discussions were held with
potential partners and events to promote
the Charity’s aims and objectives as above.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Confirmed| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|TMP continued to adapt to the effects of
coronavirus with particular effect within our
mentoring programme with the continued
online group seminars. The mentoring
programme continues to expand with a
new programme started in September, with
an increased number of participants.
Mentees of the programme
TMP continued to collaborate with events
as they re-started following COVID in order
to progress strategic development in
gender equality in our sport.| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Cash at bank at 31/12/20 was £1,413, with
£2,248 also held in a Paypal account.
These funds are held in order to provide
financial assistance to individuals or
projects promoting equality and diversity in
sailing, as well as for the general running
costs of the charity which for the period in
question are largely website hosting,
mentoring matching software and web
conferencingcosts.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The reserves held are unrestricted as no
restricted donations were received during
the period.| |Amount of reserves held|Para 1.22|£3,661| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|None| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|The charity remains in it’s initial phases of
operation and has sufficient reserves to
continue operating until further momentum
isgained.| ## **Structure, Governance and Management** |Type of governing document
(trust deed,royal charter)|Para 1.25|Constitution adopted 15 November, 2018| |---|---|---| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Unincorporated association| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of|Para 1.25|Trustees are appointed or reappointed
annually at the Annual General Meeting.| any person or body entitled to appoint one or more trustees ## **Reference and Administrative details** |Charityname|The Magenta Project| |---|---| |Other name the charityuses|None| |Registered charity number|1180719| |Charity’s principal address|29 Verdon Avenue,
Hamble,
Southampton,
SO31 4HW| ||| **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**
**Name of person (or**
**body) entitled to**
**appoint trustee (if**
**any)**| |---|---|---|---| ||Victoria Low|Trustee|Appointed 10 June,2019| ||Elaine Penhaul|Chair|Appointed 1 March,2019| ||Mrs V Ellis|Trustee|| ||Abby Ehler|Trustee|Appointed 27 March,
2019| ||Ms E Greenhalgh|Trustee|| ||Tiphaine Turluche|Trustee|Appointed 1 March, 2019| ||George Andrew
Pindar|Trustee|Appointed 17 March
2020| Corporate trustees – names of the directors at the date the report was approved **Director name** None Name of trustees holding title to property belonging to the charity |**Trustee name**
None|**Dates acted if not for whole year**|| |---|---|---| |||| **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|None| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|N/A| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets|N/A| ## **Declarations** ## **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** ## **Signature(s)** **Full name(s)** Ms Elizabeth Greenhalgh Position {eg Secretary, Chair, etc) Trustee Date ## **Statement of Income** For financial year ended December 31st _(GBP, rounded to nearest £)_ ## **For the year ended 31 December, 2021** ## **Donations** General donations (unrestricted funds) Other revenue General donations (unrestricted funds) £3,565 Other revenue £0 £3,565 **Charitable expenditure** Bank charges £0 Forex gains/losses £0 Web domain (£42) Web conferencing (£187) Mentorloop Software (£1,722) (£1,951) **NET SURPLUS/(DEFICIT) FOR THE YEAR £1,614** ## **Balance Sheet** For financial year ended December 31st _(GBP, rounded to nearest £)_ ## ~~**As at 31 December, 2021**~~ ## **Assets** Cash at bank Chuffed Donation account Paypal accounts Accrued income ## **Liabilities** [none] ## **Net assets** ## **Equity** Unrestricted funds bf Deficit for year ## **Total equity** _Difference_ £1,413 £0 £2,248 £0 £3,661 £0 £0 £3,661 £1,929 £1,614 £3,543 _(£118)_ ||||||||**BALANCE SHEET**||||||||||||||||||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**TRANSACTIONS AS PER MONTHLY BANK STATEMENTS**
**CHUFFED**
**DONATION**
**ACCOUNT**|||||**BANK ACCOUNT**
**(LLOYDS)**|**PAYPAL ACCOUNT**
**GBP**|
**PAYPAL ACCOUNT**
**AUD**||
**PAYPAL ACCOUNT**
**EUR**|
**PAYPAL ACCOUNT**
**USD**|

**PREPAYMENTS/**
**DEPOSITS/**
**ACCRUED INCOME**
**RETAINED**
**EARNINGS**|**DONATIONS**|
**OTHER REVENUE**|||**GENERAL & RECURRING EXPENSES**|||||||||||||||||||||||||||| |Check
**TOTALS 2017**
**TOTALS 2018**
**TOTALS 2019**
**TOTALS 2020**
**TOTALS 2021**
$-0.00
$-0.00
$-
$-
$-
$-|Date
(0)
(0)
(0)
**625**
**(409)**

09/29/2017

09/29/2017

11/03/2017

01/01/2018

04/08/2018
|Descriptions|

|Deposit
£ -
£ 2,390.74
£ 2,815.75
**£ 1,449.75**
**£ 1,413.23**|Withdrawal|Remarks
£ -
£ - £ -
£ - £ 30.00
**£ 30.00**
Unknown Paypal currency- AUD123.47,USD31.49,EUR14.14
Convert currencyto GBP
123-regLimited - website domain
123-regLimited - website domain
Libbycredit cardpayment|£ -
£ -
£ -
**£ -**|£ -
£ -
£ 108.44
**£ 1,073.87**
**£ 2,247.53**
38.38
-38.38
(86.11)
86.11|£
£
£
**-£**
**£**

|31.92
31.92
31.92
**0.00**
**-**
71.39
(39.47)|£ 12.55
£ 12.55
£ 12.55
**£ 0.00**
**£ -**
12.55|£ 23.28
£ 23.28
£ 23.28
**-£ 0.00**
**£ -**
23.28|**WOKC 2019**
£ - £ - £ -
£ - -£ 67.75 £ -
£ 1,000.00 -£ 2,458.49 -£ 1,000.00
**£ - -£ 4,021.94 £ -**
**£ - -£ 1,928.80 £ -**|**Donation paid**
£ -
£ -
£ -
**£ 1,000.00**
**-£ 1,235.23**|Bank interest
[Other]
£ - £ - -£ 107.22
-£ 2,390.74 £ - £ -
-£ 696.00 £ - -£ 0.01
**-£ 1,000.00 £ - £ -**
**-£ 3,564.93 £ - £ -**
$-107.22
**GENERAL**
**DONATIONS**|Write of
£ -
£ -
£ 25.00
**£ 1,000.00**
**£ -**|**£ 15.00**
**£ -**
Bank charges|Branding
**£ 707.75**
**£ 707.75**
|£ 1.09
£ -
£ -
**£ 1.59**
**£ -**
$1.09
Foreign
exchange
gain/loss|Zoom
£ -
£ -
£ -
**£ 287.80**
**£ 187.07**|£ 38.38
£ -
£ 57.56
**£ 81.00**
**£ 42.00**
$38.38
86.11
$-86.11
Website
domain/email
hosting|**£ 1,722.00**
Mentorloop
software|£ -
£ -
£ 50.00
**£ -**
**£ -**
Travel
expenses||||||||||||||||||||||| |$-
$-
$-
$-
$-
$-
**REGISTRATION**
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-
$-|
09/01/2018

09/13/2018 FPI

09/24/2018 FPI

10/09/2018 FPI

11/03/2018

11/03/2018
**AS A CHARITY, 15/11/2018**

01/20/2019

04/05/2019 FPO
Unknown

06/30/2019

09/09/2019

10/08/2019

10/21/2019

10/30/2019

05/05/2020

05/31/2020

07/01/2020

07/31/2020

08/31/2020

09/28/2020

10/01/2020

10/21/2020

10/22/2020

10/22/2020

10/30/2020

10/31/2020

12/01/2020

12/31/2020

01/01/2021

01/02/2021

01/03/2021
31/3/2021
31/03/2021
FPO

10/03/2021

1/4/2021

1/5/2021
29/6/2021
30/6/2021
28/7/2021
31/7/2021
26/08/2021
26/08/2021
FPO
31/8/2021
27/09/2021
FPO
29/09/2021
30/09/2021
20/10/21
FPO
20/10/21
20/10/2021
FPI

20/10/21
FPO
25/10/21
FPO
26/10/2021
31/10/2021
20/11/21
F/FLOW 1/THESE
30/11/2021
21/12/2021

|||340.74
1,000.00
1,000.00
50.00
500.00
0.01
1,200.00
1,235.23|(25.00)
(50.00)
(39.00)
(79.98)
(920.02)
(15.00)
(270.00)
(42.00)
(574.00)
(419.75)
(18.00)
(574.00)
(574.00)|Mystery payment not on August bank statements
UK Firefghters SA CharityDonation
Preston V + C E DonPreston
Victoria Taylor MagentJosie
123-regLimited - website domain?
Libbycredit cardpayment
James Roscoe
RAFYC TradingLimited
Chufed donation
30.00
Payment for WOKC2019
Stripe payments
Paypal check
Payment to Helena Lucas,travel
123-regLimited - website domain
Christopher Ryan - T - website hostingand email(Hostcat)
Payment to Zoom
Payment to Zoom
Payment to Zoom
Payment to Zoom
Convert all Paypal currencies to GBP
Payment to Zoom
FORGN PYT EUR - Donationpaid to Magenta Ireland World Record Attempt
Bank charge
Paypal GivingFund - donation from Andrew Pindar
Payment to Zoom
Payment to Zoom
Write of WOKC 2019 amount never received
Payment to Zoom
Payment to Zoom
Payment to Zoom
Payment to Zoom
Printing CrazyLtd 30000000073912 212757
Christopher Ryan T- Hostcat website/email hosting
Payment toZoom
Payment to Zoom
PayPal GivingFund UK
Payment to Zoom
PayPal GivingFund UK- crowd fund for mentorloop
Payment to Zoom
PayPal GivingFund UK- crowd fund for mentorloop
MentorloopLTD - softaware for mentoing programme
Payment to Zoom
PrintingcCrazyLTD 200000000815940955 213239
PayPal GivingFund UK- crowd fund for mentorloop
Payment to Zoom
PrintingCrazyLTD 400000000836763198 213338
Withdrawal;transfer to LLoyds bank acc
Transfer of PayPal GivingFund
MentorloopLTD - softaware for mentoing programme inv 0071
MentorloopLTD - softaware for mentoing programme
PayPal GivingFund UK- crowd fund for mentorloop
Payment to Zoom
Leyton Donation
Payment to Zoom
Payment to Zoom
300000000668727582 INV36459-||(129.17)
129.17
166.00
(57.56)
(14.39)
(14.39)
(14.39)
(14.39)
66.16
(14.39)
1,000.00
(14.39)
(14.39)
(14.39)
(14.39)
(14.39)
(14.39)
(14.39)
(14.39)
50.00
(14.39)
587.88
(14.39)
1,658.78
(14.39)
68.27
(14.39)
(1,200.00)
195.80
(14.39)
(14.39)
(14.39)||(31.92)|(12.55)|(23.28)|1,000.00
(1,000.00)
(1,000.00)|1,000.00
(1,235.23)|(340.74)
(1,000.00)
(1,000.00)
(50.00)
(166.00)
(30.00)
(500.00)
(0.01)
(1,000.00)
(50.00)
(587.88)
(1,658.78)
(68.27)
(1,200.00)|25.00
1,000.00|15.00|79.98
(79.98)
270.00
419.75
18.00|1.59|14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39
14.39|129.17
(129.17)
57.56
39.00
42.00|574.00
574.00
574.00||50.00|||||||||||||||||||||| |$-|||||||||||||||||||||||||||||||||||||||||||||| $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ## **Exchange rates per HMRC** https://www.gov.uk/government/publications/exchange-rates-for-customs-and-vat-yearly **EUR AUD USD** 12/31/2017 1.1266 1.7295 1.3528 12/31/2018 1.1141 1.8091 1.2736 12/31/2019 1.1705 1.8743 1.3114 ### 1.159233 1.826717 1.377525