OCEAN CRUISING CLUB CHARITABLE TRUST
SUPPLEMENTAL FINANCIAL ACCOUNTING OF TRUSTEES
This accounting is for the period January 1, 2021 to December 31, 2021:
This is the first year for this charity. A checking account was established with Unity Trust Bank in May, 2021. The charity has no paid employees and all Trustees are volunteers in order to minimize costs. The financial activities of the trust are as follows:
Income Resources:
Donations: £1,000.00 800.00 TOTAL: £1,800.00
Expenses:
Bank Charges £54.00 Web Charges 36.00 TOTAL: £90.00
Net (Income less expenses):
TOTAL NET £1710.00
Accounting Policies:
a. This financial statement has been prepared in accordance with the requirements of the Charity Commission of England and Wales.
b. All income is received from donations made by the public. No central government or local authority funds were received. No income was received from outside of the U.K.
c. All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received, and their monetary value of incoming resources can be measured with sufficient reliability.
d. All expenditure is accounted for on an accruals basis.
e. There are no employees of the trust. There have been no costs incurred for generation of funds other than the cost of the web services stated in the accounting. There have been no costs incurred for charitable activities.
f. The charity undertakes its charitable activities through grant making to individuals and institutions in furtherance of its charitable goals, however, due to this being a newly formed charity there were no grants made during the accounting period.
g. There are no contingent liabilities known to the Trustees.
h. Due to the small amount of funds received by the trust, none of the funds were invested.
i. The charity does not work with any professional fund raisers.
j. The charity had only one volunteer who helped create our website, and set up our email system.
DECLARATION:
The trustees declare that they have approved the above Supplemental Financial Accounting.
Signed on behalf of the charity’s trustees:
David P Ball, Chairperson Dated: October 4, 2022