Docusign Envelope ID: 2979D1AF-897C-4A4C-9AD5-EC061876FB3C
CHARITY REGISTRATION NUMBER: 1196872
THE EXPLORERS CLUB, GREAT BRITAIN AND IRELAND CHAPTER
Unaudited Financial Statements 6 April 2023 – 5 April 2024
1
Docusign Envelope ID: 2979D1AF-897C-4A4C-9AD5-EC061876FB3C
The Explorers Club, Great Britain and Ireland Chapter
Financial Statements
Year Ended 5 April 2024
| Trustees’ Annual Report | 3 |
|---|---|
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
2
Docusign Envelope ID: 2979D1AF-897C-4A4C-9AD5-EC061876FB3C
The Explorers Club, Great Britain and Ireland Chapter
Trustees’ Annual Report
Year Ended 5 April 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 5 April 2024.
Reference and administrative details
Registered charity name: The Explorers Club, Great Britain and Ireland Chapter
Charity registration number: 1196872 Charity’s principal address: 11 Banbury Road Ettington Stratford-Upon-Avon CV37 7SN United Kingdom
The trustees: Mark Wood, Chairman Rory Golden, Vice Chairman Hamish Magoffin, Treasurer
Structure, governance and management
The Explorers Club, Great Britain and Ireland Chapter (the “Club”) is a voluntary organisation that was officially registered with the Charity Commission on 1 December 2021 as a CIO and is governed by its Constitution. Trustees are elected and are responsible for the overall governance of the Club. The Club has 3 trustees who form the management committee and review the Club’s areas of activity. There are no staff employed, but the Club is supported by 8 volunteers.
Objectives and activities
The objects of the Club are to advance the education of the public in the subjects of science and the environment through hosting events, the provision of grants, and financial and nonfinancial support to scientific field research, and by promoting research and disseminating the useful results of that research.
Achievements and performance
The first talk of the year, titled “First Ascent” was held at the Frontline Club on 29 June to celebrate the 70[th] anniversary of the first ascent of Mt. Everest. Guest speakers scheduled at this event were mountaineers Krishna Thapa, Neville Shulman, and Sue Leyden, with prerecorded messages from relatives of Sir Edmund Hillary and Sir Ranulph Fiennes.
3
Docusign Envelope ID: 2979D1AF-897C-4A4C-9AD5-EC061876FB3C
The second event of the year was hosted at Dynamic Earth in Edinburgh. This was held on 26 November and titled “Inspiring Endeavours” with talks by Hari Budha Magar and Krishna Thapa, along with The Polar Academy Graduates Daniel Millar and Piper McBay, covering mountaineering and arctic-based expeditions.
The final event of the financial year was titled “Oceans” and held back at The Frontline Club on 21 March. Presenters included Rod Macdonald, Jo Ruxton MBE, John Kendal, and Club Chair Rory Golden. Topics covered everything from shipwrecks through to conservation and photogrammetry.
These events would not have been possible without support and donations from attendees and corporate sponsors, The Polar Academy, Exodus Travels, Tiso, and PrintWorks Coventry – all of whom the Club would like to thank.
Financial review
The Club depends on donations and grants and for the period receipts totalled £6,100 from a combination of proceeds from events and direct donations. Expenses for the period were £8,504, netting a loss of £2,404. Taking into account the surplus from previous years at the end of the financial year net current assets were £6,294.
Plans for future periods
The trustees and volunteers will continue to play a role in the continuing search for funds to cover expenses associated with the Club’s activities. The Club will continue to advance its objectives and host events to raise knowledge of science and the environment and will consider other avenues to further these objectives using its limited resources.
Reserves Policy
The club has in place a reserves policy to meet unexpected demands on its finances and to provide for unforeseen opportunities. The level of reserves is reviewed and monitored during the year. The level of reserves is based on history and forecasts of future income and expenditure. £500 was allocated as reserves for the financial year based on 2-3 months expected running costs. The reserves are unrestricted funds held in its Lloyds bank account.
The trustees' annual report was approved on 15 December 2024 and signed on behalf of the board of trustees by:
Mark Wood Chair of the Trustees
Rory Golden Vice Chair of the Trustees
4
Docusign Envelope ID: 2979D1AF-897C-4A4C-9AD5-EC061876FB3C
The Explorers Club, Great Britain and Ireland Chapter
Statement of Financial Activities
Year Ended 5 April 2024
| 6 April 2023 – 5 April 2024 | 6 April 2023 – 5 April 2024 | 6 April 2023 – 5 April 2024 | |
|---|---|---|---|
| Unrestricted Funds £ |
Restricted Funds £ |
Total Funds £ |
|
| INCOMING RESOURCES | |||
| VoluntaryIncome | 549 | 0 | 549 |
| Activities for GeneratingFunds | 5,551 | 0 | 5,551 |
| Total Income | 6,100 | 0 | 6,100 |
| Expenditure | |||
| Grants | 500 | 0 | 500 |
| Expenditure on Charitable Activities |
7,448 | 0 | 7,448 |
| OperatingCosts | 556 | 0 | 556 |
| Total Expenditure | 8,504 | 0 | 8,504 |
| Net (Expenditure)/Income and Net Movement in Funds |
(2,404) | 0 | (2,404) |
| Reconciliation of Funds | |||
| Total Funds Brought Forward | 8,698 | 0 | 8,698 |
| Total Funds Carried Forward | 6,294 | 0 | 6,294 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
5
Docusign Envelope ID: 2979D1AF-897C-4A4C-9AD5-EC061876FB3C
The Explorers Club, Great Britain and Ireland Chapter
Statement of Financial Position
Year Ended 5 April 2024
| 6 April 2023 – 5 April 2024 £ |
|
|---|---|
| Current Assets | |
| Cash at Bank and in Hand | 6,294 |
| Creditors: Amounts Falling Due within One Year |
0 |
| Net Current Assets | 6,294 |
| Funds of the Charity | |
| Restricted Funds | 0 |
| Unrestricted Funds | 6,294 |
| Total Charity Funds | 6,294 |
These financial statements were approved by the board of trustees and authorised for issue on 15 December 2024, and are signed on behalf of the board by:
Mark Wood Chair of the Trustees
6