2023-12-31-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES je Trustees. Annual Report for the period From 1 January, 2023 To 31 December, 2023 Charity name: The Magenta Project Charity registration number: 1180719 Objectives and Activities Summary of the purposes of the charity as set out in its goveming d0￿ment Para 1.17 The Magenta Project promotes equality and diversty in sailing. We upskill and c(mnect fetnale sailors by promding on water training. leaming and development opportunities and through building networks and relationships that o)nnect people; insimre female sailor5 through raising awareness and the visibility of W￿en in sailing and work across the sailing industry to deliver cha 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. We enabled Foiling camps.offshore IMOCA camps and supported several women throu h mentorin and sailin forums Confim)ed Summary of the main aclivittes in relab.on to those purposes for the public benefft, in particular, the activilies, projects or seryices identified in the ac(x)unts. Pwa 1.17 arKI 1_79 SL9tement confirming whether the trustees have had ward to the guidance issued by the Charity Commission on publi benefft Para 1.18

Achievements and Perforniance Summary of the main achievements of the charity, identifying the d¥fference the charity's work has made to the circumstsnces of its beneficiarÉes and any wider benefits to society as a Pard 120 In 2023. The Magenta Proieci provided one-on-one mentorship for 26 women from 14 different countries around the world, in support of their career develotxnent in the sailing industry. The charity also hosted networking and panel diwsston events with The Ocean Race at stopover5 in: Alicante. Cape Town, Newtx)rt and Genoa, to drive industry conversations arourKI equity and indusion. In additicm. The Magents Prw hosted 12 intemship experiences as well as several workshop and skill building events wilh STEM partners at METS Tradeshow and The Ocean RacE NewFQrt. As a resuft. The Magenla Project has driven more awareness and support for v￿men in the sailin indus Financial Review Review of the charity's financial posibon at the end of the period 1.21 Cash at bank at 31112123 was £18915.33 and £370.97 held in a Paypal ac(￿unt These funds are held in order to provide financial assistan￿ to individuals or projects promoting equaltty and diversity in sailing, as well as for the general running costs of the chartty which for the period in question are staffing costs, website hostirMJ. and web conferencin costs. The reserves held mainly unreslricted donations. One donations is a restricted to the IMOCA pr ramme £19,286.30 unrestricted NIA Statement explaining the policy for holding reserves ststin are held Amount of reserves held Reasons for hokling zero rese￿eS Details of fund materialty in deficit Explanation of any ￿n￿rtaIntieS about the charity continuing as a going concem Para 1.Y2 P•a 122 Paa 1.22 124 None Pwa 1.rJ The charity remains has been established for 6 years and remains at a limited growth wsition due to funding. It conts.nues to have sufficient funds to rate. Structure, Governance and Management Type of goveming document Para 1.25 ConstFtution adopted 15 November, 2018

How is the d)arity cK>nstituted? Para 125 Unincorporth association Trustee selection methods induding detaHs of any (x)nstitutional provisions e.g. eledion to post or name of any person or entiljed to appjint one or more trustees P¥a 125 Trustees are appointed or reappoinled annually at the Annual General Meeting. Reference and Administrative details Cha name Other name the chari istered tha number Chaiity's principal address Thema enta Pro uses 1180719 29 Verdon Avenue. Hamble, Southamplon. S0314HW

Names of the charity trustees who manage the charity Ollke {If any) Datès a¢tod 11 not for Twhole body) entitled to an Victoria Low Jonquil Hackenberg Ms E Greenhalgh George Andrew Pindar Trustee Chair Trustee Trustee Luca Alessandro Rizzoti Anouschka Christina D'soua Trustee Trustee ate iruslees- names of the directors at the date the re rtwasa roved Dir8c*or name None Name of trustees holding title to property belonging to the charity Trustèè name None Datos act￿ 11 not for WI￿ ar Funds held as custodian trustees on behalf of others Description of the assets None held in this capactty Name and objects of the charity on vthose behalf the assets are held and how this falls wtthin the custodian charitys objects NIA Details of arrangements for safe custcKly and segregation of such assets from the charity's own assets NIA

Declarations The trustees declare that they have approved the trustees, report above. Signèd on bohalf of the charity's trustee5 Signature(s) Full name(s) &/ P￿ItIon {eg Secretary. Chair, etc) Trustee Date Iz

		T		RANSACTIONS AS PER MONTHLY B			~~BALANCE SHEET~~ ANK STATEMENTS	BANK ACCOUNT (LLOYDS)	PAYPAL ACCOUNT GBP	TMP BALANCE	PROGRAMM		ES	DONATIONS		OTHER REVENUE		GENERAL & RECURRING EXPENSES
		Date	Description	s Deposit	Withdrawal	TMP CODE	Remarks				Foiling	IMOCA		Donation paid	GENERAL DONATION S	Bank interest	[Other]	TMP STAFF	Write off	~~Bank~~ charges/P ay Pal f	Branding	Foreign exchange gain/loss	Zoom	~~Website~~ domain/e mail hi	Mentorloo p software	expenses	Event costs
TOTALS 202 TOTALS 202 - $	2 3	#REF! ~~1/5/2023 TFR~~ ~~1/5/2023 TFR~~ ~~20-Jan-23 TFR~~ ~~01/27/01/23FPO~~ ~~6-Mar-23 FPO~~ ~~9-Mar-23 TFR~~		######## ######## ######### ~~493.46~~ DONATIO~~N~~ ~~212.42~~ ~~DONATION~~ ~~534.57~~ ~~DONATION~~ ~~(2,800.00)~~ ~~TMP STAF~~ ~~(2,432.48)~~ ~~TMP STAF~~ ~~30.61~~ ~~DONATION~~			~~F Flow Facebook Donations~~ ~~F Flow Facebook Donations~~ ~~F Flow Facebook Donations~~ ~~FMagaret Reilly TMP006~~ ~~FMagaret Reilly TMP008~~ ~~F Flow Facebook Donations~~	13,544.86 £ 18,915.33 £ ~~493.46~~ ~~212.42~~ ~~534.57~~ ~~(2,800.00)~~ ~~(2,432.48)~~ ~~30.61~~	282.26 £ 13,827.12 £ 370.97 £ 19,286.30 £					ees ostng - £ 7,573.99 £ - £ - £ - £ 15.00 £ - £ - £ 100.73 £ 11.16 £ ####### 297.50 -£ ######## 26,075.99 -£ 4.19 -£ 214.96 -£ 50.00 -£ - £ 297.50 -£ ~~493.46~~ ~~212.42~~ ~~534.57~~ ~~(2,800.00)~~ ~~(2,432.48)~~ ~~30.61~~													#####
		~~21-Mar-23 ~~ ~~22-Mar-23 ~~ ~~24-Apr-23 ~~ ~~24-Apr-23 ~~ ~~2-May-23 ~~ ~~9-May-23 ~~ ~~9-May-23 ~~ ~~22-Jun-23 ~~ 30-Jun-23 ~~13-Jul-23 ~~ ~~24-Jul-23 ~~ ~~31-Jul-23 ~~ ~~7-Aug-23 ~~ ~~14-Aug-23 ~~ ~~23-Aug-23 ~~ ~~4-Sep-23 ~~ ~~6-Sep-23 ~~ ~~12-Jun-23 ~~ ~~3-Nov-23 ~~ ~~8-Dec-23 ~~ ~~8-Dec-23 ~~ ~~18-Aug-23 ~~ ~~14-Jan-23~~	~~FPO~~ ~~TFR~~ ~~FPI~~ ~~FPI~~ ~~DD~~ ~~FPO~~ ~~FPO~~ ~~TFR~~ FPO ~~FPI~~ ~~DEP~~ ~~FPO~~ ~~FPI~~ ~~FP~~ ~~TFR~~ ~~FPI~~ ~~FPI~~ ~~FPO~~ ~~FPI~~ ~~FPO~~ ~~FPO~~ ~~FPO~~ ~~donation~~	~~105.52~~ ~~99.82~~ ~~673.85~~ ~~120.00~~ ~~523.81~~ ~~25,000.00~~ ~~785.14~~ ~~4,075.93~~ ~~185.46~~ ~~1,000.00~~ ~~2,620.43~~ ~~500.00~~ ~~20.00~~	~~(1,400.00)~~ ~~(822.33)~~ ~~(4,200.00)~~ ~~(50.00)~~ (3,135.00) ~~(2,200.00)~~ ~~(2,200.00)~~ ~~(4,400.00)~~ ~~(3,308.51)~~ ~~(297.50)~~	~~TMP STAF~~ ~~DONATION~~ ~~DONATION~~ ~~DONATION~~ ~~TMP EVEN~~ ~~TMP STAF~~ ~~TMP COST~~ ~~DONATION~~ TMP STAF ~~DONATION~~ ~~DONATION~~ ~~TMP STAF~~ ~~DONATION~~ ~~DONATION~~ ~~DONATION~~ ~~DONATION~~ ~~DONATION~~ ~~TMP STAF~~ ~~DONATION~~ ~~TMP STAF~~ ~~TMP STAF~~ ~~TMP COST~~ ~~DONATION~~	~~FMagaret Reilly TMP009~~ ~~F Flow Facebook Donations~~ ~~Stripe Payment-~~ ~~Stripe Payment-~~ ~~Stripe Payment-~~ ~~FMagaret Reilly TMP010~~ ~~Christopher RYN- Website hosting/emails~~ ~~F Flow Facebook Donations~~ FMagaret Reilly TMP012A ~~Stripe Payment-~~ ~~NIGHT SAFE- donation~~ ~~FMagaret Reilly TMP014~~ ~~Stripe Payment- RORC fundraiser~~ ~~Stripe Payment- RORC fundraiser~~ ~~F Flow Facebook Donations~~ ~~L Dillon- Donation~~ ~~Stripe Payment- RORC fundraiser~~ ~~FMagaret Reilly TMP015~~ ~~11th Hour World Sailing donation~~ ~~FMagaret Reilly TMP018~~ ~~FMagaret Reilly TMP017~~ ~~Jonquil Hackenbery- expenses~~ ~~Frances Davison~~	~~(1,400.00)~~ ~~105.52~~ ~~99.82~~ ~~673.85~~ ~~(822.33)~~ ~~(4,200.00)~~ ~~(50.00)~~ ~~120.00~~ (3,135.00) ~~523.81~~ ~~25,000.00~~ ~~(2,200.00)~~ ~~785.14~~ ~~4,075.93~~ ~~185.46~~ ~~1,000.00~~ ~~2,620.43~~ ~~(2,200.00)~~ ~~500.00~~ ~~(4,400.00)~~ ~~(3,308.51)~~ ~~(297.50)~~	~~20.00~~						~~105.52~~ ~~99.82~~ ~~673.85~~ ~~120.00~~ ~~523.81~~ ~~25,000.00~~ ~~785.14~~ ~~4,075.93~~ ~~185.46~~ ~~1,000.00~~ ~~2,620.43~~ ~~20.00~~			~~(1,400.00)~~ ~~(4,200.00)~~ (3,135.00) ~~-2,200.00~~ ~~$~~ ~~-2,200.00~~ ~~$~~ ~~-4,400.00~~ ~~$~~ ~~-3,308.51~~ ~~$~~						~~(50.00)~~		~~#######~~	~~833.33~~
		~~14-Jan-23 ~~ ~~14-Jan-23 ~~ ~~14-Jan-23 ~~ ~~15-Jan-23 ~~ ~~15-Jan-23 ~~ ~~15-Jan-23 ~~ ~~15-Jan-23 ~~ ~~15-Jan-23 ~~ ~~16-Jan-23 ~~ 15-Feb-23 ~~14-Mar-23 ~~ ~~15-Apr-23 ~~ ~~15-Ma-23~~	~~fee~~ ~~donation~~ ~~fee~~ ~~donation~~ ~~fee~~ ~~donation~~ ~~fee~~ ~~donation~~ ~~fee~~ ~~donation~~ ~~fee~~ ~~donation~~ ~~fee~~ ~~Payment~~ Payment ~~Payment~~ ~~Payment~~ ~~Pament~~	~~20.00~~ ~~30.00~~ ~~50.00~~ ~~30.00~~ ~~5.00~~ ~~20.00~~	~~(0.48)~~ ~~(0.48)~~ ~~(0.62)~~ ~~(0.90)~~ ~~(0.62)~~ ~~(0.27)~~ ~~(0.48)~~ ~~(14.39)~~ (14.39) ~~(14.39)~~ ~~(14.39)~~ ~~(1559)~~	~~Paypal cos~~ ~~DONATION~~ ~~Paypal cos~~ ~~DONATION~~ ~~Paypal cos~~ ~~DONATION~~ ~~Paypal cos~~ ~~DONATION~~ ~~Paypal cos~~ ~~DONATION~~ ~~Paypal cos~~ ~~DONATION~~ ~~Paypal cos~~ ~~TMP cost~~ TMP costs ~~TMP cost~~ ~~TMP cost~~ ~~TMP cost~~	~~t~~ ~~jason aldous~~ ~~t~~ ~~Alistair Phillips~~ ~~t~~ ~~Emma McEwan~~ ~~t~~ ~~James McEwan~~ ~~t~~ ~~Rachel Crebbin~~ ~~t~~ ~~t~~ ~~Zoom Video Comms~~ Zoom Video Comms ~~Zoom Video Comms~~ ~~Zoom Video Comms~~ ~~Zoom Video Comms~~		~~(0.48)~~ ~~20.00~~ ~~(0.48)~~ ~~30.00~~ ~~(0.62)~~ ~~50.00~~ ~~(0.90)~~ ~~30.00~~ ~~(0.62)~~ ~~5.00~~ ~~(0.27)~~ ~~20.00~~ ~~(0.48)~~ ~~(14.39)~~ (14.39) ~~(14.39)~~ ~~(14.39)~~ ~~(15.59)~~ ~~10.00~~ ~~(0.34)~~ ~~(15.59)~~ ~~(15.59)~~ ~~(15.59)~~ ~~(15.59)~~ ~~(1.50)~~ ~~(31.18)~~ ~~(15.59)~~ ~~(31.18)~~ ~~122.86~~						~~19.52~~ ~~29.38~~ ~~50.00~~ ~~30.00~~ ~~5.00~~ ~~20.00~~					~~(0.48)~~ ~~(0.48)~~ ~~(0.62)~~ ~~(0.90)~~ ~~(0.62)~~ ~~(0.27)~~ ~~(0.48)~~			~~(14.39)~~ (14.39) ~~(14.39)~~ ~~(14.39)~~ ~~(1559)~~
		~~y ~~ ~~15-Jun-23 ~~ ~~15-Jun-23 ~~ ~~15-Jun-23 ~~ ~~15-Jul-23 ~~ ~~15-Aug-23 ~~ ~~15-Sep-23 ~~ ~~12-Nov-23 ~~ ~~15-Nov-23 ~~ ~~15-Oct-23 ~~ ~~15-Dec-23 ~~ ~~21-Dec-23 ~~	~~y~~ ~~donation~~ ~~Payment~~ ~~Payment~~ ~~Payment~~ ~~Payment~~ ~~Payment~~ ~~Payment~~ ~~Payment~~ ~~Payment~~ ~~Payment~~ ~~Donation~~	~~10.00~~ ~~122.86~~	~~.~~ ~~(0.34)~~ ~~(15.59)~~ ~~(15.59)~~ ~~(15.59)~~ ~~(15.59)~~ ~~(1.50)~~ ~~(31.18)~~ ~~(15.59)~~ ~~(31.18)~~	~~doation~~ ~~Paypal cos~~ ~~TMP cost~~ ~~TMP cost~~ ~~TMP cost~~ ~~TMP cost~~ ~~TMP cost~~ ~~TMP cost~~ ~~TMP cost~~ ~~TMP cost~~ ~~Donation~~	~~Joanne Bruggenwirth~~ ~~t paypal fees~~ ~~Zoom Video Comms~~ ~~Zoom Video Comms~~ ~~Zoom Video Comms~~ ~~Zoom Video Comms~~ ~~Zoom Video Comms~~ ~~Zoom Video Comms~~ ~~Zoom Video Comms~~ ~~Zoom Video Comms~~ ~~PayPal Giving Fund~~		~~.~~ ~~10.00~~ ~~(0.34)~~ ~~(15.59)~~ ~~(15.59)~~ ~~(15.59)~~ ~~(15.59)~~ ~~(1.50)~~ ~~(31.18)~~ ~~(15.59)~~ ~~(31.18)~~ ~~122.86~~						~~10.00~~ ~~122.86~~					~~(0.34)~~			~~.~~ ~~(15.59)~~ ~~(15.59)~~ ~~(15.59)~~ ~~(15.59)~~ ~~(1.50)~~ ~~(31.18)~~ ~~(15.59)~~ ~~(31.18)~~

Independent examAnerfs report on the accounts Section A Independent Examinerfs Report Report to the trusteesl . The Magenta Project members of On accounts for the year ended 31 De￿mber 2023 Charity no Ilf any) , 1180719 Set out on pages , 1-3 Respective The charitys trustees are responsible for the preparation of the accounts. responsibilities of The charity's trustees consider that an audit is not required for this year trust8es and examlner under section 144 of the Charities Act 2011 {the Charities Act> and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5}{b) of the Charities Act, and to state whether parbcular rnatters have Gome to my attention. Basis of independent My examination was carried out in accordance with general Directions given examine￿$ statement by the Charty Commission. An examination includes a review oflhe accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees conceming any such matters. The prO￿dureS undertaken do not provide all the eviden￿ that would be required in an audit, and consequently no opinion is given as to whether the accounts present a Xrue and fairf view and the report is limlted to those matters set out in the statement below. Independent In connection with my examination. no matter has come to my attention examiner's Statement 1. which gives me reasonable Gause to believe that in, any material respect, the requirements-. to keep accounting records in accordance with section 130 of the Charities Act", and to prepare accounts which accord wtth the a¢Gounting records and comply with the accounting requirements of the Charilies Act have not been met., or 2. to which. in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Ple delete the words in the brackets if they do not apply. Signed: Date: Zovp Name: Jonthan Bardolph Relevant professional qualification{sl or body (if any).. FCCA IER March 2012

Address: Accountably Ltd, 1°, Floor, Unit 12 Compass Point, Ensign Way, Hamble, SoLrthampton Hampshire I S031 4RA Section B Disclosure Only complete if the examiner needs to highlight material problems. IER March 2012

Give here brlef details of any items that the examinerwishes to disclose. IER March 2012