OCEAN CRUISING CLUB CHARITABLE TRUST ANNUAL REPORT FOR 2022
REFERENCE AND ADMINISTRATIVE DETAILS:
Charity Name: Ocean Cruising Club Charitable Trust
Registered Charity Number: 1191825 Principal Address: Westbourne House 4 Vicarage Hill Dartmouth TQ6 9EW United Kingdom
NAME OF TRUSTEES WHO MANAGE THE CHARITY:
David P. Ball, Chairperson
Helen V. S, Holden, Secretary
David M. Wilkie, Treasurer
Simon Currin, Ex-Officio Trustee
All trustees are appointed in accordance with the Articles of Incorporation of the trust and serve for a term of three (3) years, with the exception of the Ex-Officio Trustee who serves concurrently as the Commodore of the Ocean Cruising Club.
STRUCTURE, GOVERNANCE AND MANAGEMENT:
Type of Governing Document: Constitution dated 1 July, 2020
How Charity is Constituted: Charitable Incorporated Organisation
Trustee Selection Method: Trustees selection is made by appointment passed at a properly convened meeting of the charity’s trustees. In addition, the then current Commodore of the Ocean Cruising Club, Ltd. (OCC) for the period of time he or she holds the office of Commodore shall automatically be a trustee of the Charity.
OBJECTIVES AND ACTIVITIES:
The objects of the CIO are:
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To advance the education of the public in the knowledge and practice of sailing, seamanship, marine pilotage and navigation with the aim of improving safety at sea; and
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To promote community participation, through financial support, in healthy recreation and provide opportunities for access to and participation in sailing, sail training and instruction with an emphasis on areas where facilities and opportunities may be less developed and/or more restricted (“facilities” means land, buildings, equipment and organising sporting activities); and
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To promote, for the benefit of the public, the conservation, protection, improvement and ecologically sustainable management of the marine environment including associated land, shoreline and structures; and
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To advance the education of the public in the conservation, protection, improvement and ecologically sustainable management of the marine environment including associated land, shoreline and structures.
Summary of main activities:
This is the second year the Charity has been in existence. We had two main goals during 2022. First, we wanted to solicit additional donations, with a focus on members of the Ocean Cruising Club (OCC). We accomplished this by including flyers in Club mailings to the membership and announcements at the Annual General Meeting of the OCC. In addition, we employed social media to request donations. We had reasonable success with donations from the sale of boats, equipment and direct contributions via PayPal on the Charity’s webpage. Our second goal was to seek additional applications for grants. Again we
primarily used the Charity’s website and social media as the medium to request such. Last year, we reported that the trustees were considering making a grant to a project involving navigation at sea using natural methods such as clouds, sea state and birds. This project ultimately did not meet the expectations of the trustees, and the trustees decided to withdraw from the endeavor before any making any grants. We will continue with the two goals stated above into 2023.
FINANCIAL REVIEW:
The treasurer of the Charity has prepared and submitted a statement of our financial condition to the Charities Commission previously. The Charity does
not have a specific policy for financial reserves. However, in practice, the Trustees have maintained a minimum balance of at least £1,000 in financial reserves.
DECLARATION:
The Trustees declare that they have approved the above Trustees´ report.
Signed on behalf of the Charity’s Trustees:
September 13, 2023
_____ ______ David P. Ball, Chairperson Dated
OCEAN CRUISING CLUB CHARITABLE TRUST
FINANCIAL ACCOUNTING OF TRUSTEES, 2022
This accounting is for the period January 1, 2022 to December 31, 2022:
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: £3,825.00
TOTAL: £3,825.00
Expenses:
Misc Expenses £108.00 TOTAL: £108.00
Net (Income less expenses):
TOTAL NET £3,717.00
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 denotations 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 know 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:
September 13, 2023
David P Ball, Chairperson Dated: