2022-09-30-accounts

Trustees’ Annual Report for the period

From: 1[st] October 2021 To: 30[th] September 2022

Charity name: Green Planet Ventures Foundation

Charity registration number: 1189171

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	1. To promote sustainable development for the benefit of the public by the preservation, conservation and the protection of the environment and the prudent use and protection of natural resources including fauna, flora, water, soils and air; 2.To advance the education of the public in subjects relating to sustainable development and the protection, enhancement and rehabilitation of the environment, and to promote study and research in such subjects provided that the useful results of such study are disseminated to thepublic at large.
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	The charity was formally set up in early 2020. COVID19 had a significant impact on the work we hoped to do, particularly with students. The current lack of significant funds has restricted the main activities to fund raising and efforts to broaden awareness of the charity. Main activities include: • Identifying and pursuing fundraising opportunities. • Further definition & refinement of policies & governance processes. • Completing work with interns from Keele and Birmingham: o A research piece on technology of electric boats; o A marketing survey of boat owners in the UK and their appreciation of electric boats; o Development of marketing materials and approaches. • Beginning a formalised strategy planning process.

Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have continued to recognise, and pay due regard to the guidance issued by the CC with respect to Public Benefit. Whilst lack of funds has prevented projects being undertaken (zero spending), the projects and initiatives being developed are based firmly in the Charity’s core purposes.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	No grants have been made due to lack of sufficient funds.
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38	The trustees of the charity and the Executive Officer (Loraiza Davies) all donate their time in the activities listed. Additionally, Duncan Williams joined the team, initially as a volunteer, to enhance the range of skills and experience available to the Charity in its formative period.
Other

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	Our activities have again been limited by the limited funds raised so far. Multiple applications for funding grants have been completed and submitted, though currently all funders have responded that they require previous years accounts and demonstration of successful project work/ managing of funds before they will donate funds. This creates a vicious circle that is difficult to break. The efforts of the trustees and the (unpaid) Executive Officer plus the new volunteer, Duncan Williamson have identified a need for a more structured campaigning strategy. Planning for this has commenced. The interns funded and provided by Keele and Birmingham universities completed their small but valuable tasks, marking a start for future projects. A single donation of £300 from the charitable fund of Frazer-Nash Consultancy is the first significant donation to be received by the Charity: all other donations being provided by individuals (for instance through Easy Fundraising).

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	The slow pace of fund growth has been disappointing. However, the lack of any outgoings means the Charity position is slowing improving. Funding, project and investment objectives will be set out once we have a more developed funding stream.
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of theperiod	Para 1.21	The funds at the bank increased by £454 to £791 at the end of the period.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The funds accrued thus far are insufficient to plan and execute any significant activities. They will be required to develop funding streams.
Amount of reserves held	Para 1.22	£791
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	£300 from a corporate donor. Remainder is from activities / donations initiated by individuals (primarily the trustees).
Investment policy and objectives including any social investment policy adopted	Para 1.46	N/A
A description of the principal risks facing the charity	Para 1.46	The principal risks are the continued slow growth of funds. Efforts at raising significant funds have been frustrated by larger donors requiring evidence of successful project delivery, which require funds to initiate.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Charitable Incorporated Organisation (CIO)
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Appointment by Board of Trustees.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51	Green Planet Ventures Foundation was set up with the desire to deliver the charitable objectives that were included in the work undertaken by the company Green Planet Ventures, which worked predominantly with students wishing to undertake short nature- based projects in tropical rainforests. Green Planet Ventures has effectively ceased operating, due to COVID19, but has continued to provide small scale support to the Charity, for example provision / funding of website and social media accounts.
Other

Reference and Administrative details

Charityname	Green Planet Ventures Foundation
Other name the charityuses
Registered charitynumber	1189171

Charity’s principal address	Ash House Breckenwood Road Fulbourn Cambridge CB21 5DQ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole **year **	Name of person (or body) entitled to appoint trustee (ifany)
	Ms Sibley
	Mr Mwangi	Treasurer
	Mr White
	Mr Hamson	Chair

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

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) Position (eg Secretary, Chair, etc) Date
	Kevin Hamson
	Chair
	23rdJuly 2023
	23rdJuly 2023

22/07/2023

Cover Sheet

Green Planet Ventures Foundation

Charity Registration Number: 1189171 Unaudited Financial Statements

30th September 2022

The following pages contain the unaudited financial statements of the charity and a summary of the Annual Report, covering the period 1st October 2021 to 30th Septemeber 2022.

Principal office: Ash House Breckenwood Road Fulboourn Cambridge CB21 5DQ Trustees: Ms Sibley Mr Mwangi Mr White Mr Hamson

Accountants: Reardon & Co Ltd Chartered accountants Ash House Breckenwood Road Fulbourn Cambridge CB21 5DQ

Structure, Governance and Management:

The charity is constituted as a Charitable Incorporated Organisation (CIO) and the governing document of the charity is its Constitution of a Charitable Incorporated Organisation.

The only voting members of the charity are its charity trustees.

The charity must have at least three charity trustees. Ifthe number falls below this minimum, the remaining trustees may act only to call a meeting of the charity trustees, or appoint a new charity trustee. The maximum number of charity trustees is twelve.

Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.

In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

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Annual Report Summary

Green Planet Ventures Foundation

Charity Registration Number: 1189171

Summary of Annual Report

This sheet provides a brief summary of the formal Annual Report, provided seperately.

30th September 2022

Objectives and activities

The objectives of the charity are:

1) To promote sustainable development for the benefit of the public by the preservation, conservation and the protection of the environment and the prudent use and protection of natural resources including fauna, flora, water, soils and air;

2) To advance the education of the public in subjects relating to sustainable development and the protection, enhancement and rehabilitation of the environment, and to promote study and research in such subjects provided that the useful results of such study are disseminated to the public at large.

Achievements and performance

Due to continued slow growth in funds, project activity has been prevented. However, some work has been completed with interns from Keele and Birmingham universities, and the trustees and Executive Officer have continued their fundraising activities and growing the profile of the charity. A new volunteer has joined the team to boost the skills, knowledge and experience, and a formal fundraising and development strategy process has been initiated.

Financial Review

The financial statements cover the charity's second period since incorporation and the trustees aim to increase income going forward.

The charity has received limited services from Green Planet Ventures Ltd during the period which has supported the activities of the charity.

A corporate donation of £300 was received from Frazer-Nash Consultancy Limited: the first corporate donation received.

The trustees' annual report was approved on 23rd July 2023 and signed on behalf of the board of

trustees by:

Kevin Hamson

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Accounting Policies

Green Planet Ventures Foundation

Statement of Financial Activities

Period from 1st October 2021 to 30th September 2022

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Statem't of Financ'l Activities

Green Planet Ventures Foundation

Statement of Financial Activities

Period from 1st October 2021 to 30th September 2022

Income and endowments	1st Oct '21 to 30th	Sep '22
	£ Funds
	Unrestricted	Total
Donations and legacies	454	454
Total income	454	454
Net income and net movement in funds	454	454
Reconcilliation of funds
Total funds brought forward (closing balance at 30th Sep 2021)	337	337
Total funds carried forward	791	791

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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22/07/2023

Statement of Financial Position

Green Planet Ventures Foundation

Statement of Financial Position

As at 30th September 2022

Current assets			30-Sep-22
Cash at bank and in hand	£		£
Opening balance (at 1st October 2021)		337
Net additional funds in year		454
Net current assets			791
Total assets less current liabilities			791
Funds of the charity
Unrestricted funds			791
Total charity funds			791
These financial statements were approved by the board of
trustees and authorised for issue on 23rd July 2023

Mr Kevin Hamson Chair of Board of Trustees

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