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2023-12-31-accounts

Trustees’ Annual Report for the year 2023

From: 01 Jan 2023

To: 31 Dec 2023

Charity name: Sussex Ouse Restoration Trust

Charity registration number: 1198840

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 •
The restoration and preservation of
appropriate structures on the Sussex
River Ouse Navigation.
•
Providing information and education
to the general public using the
navigation and adjacent footpaths.
•
Maintaining and improving the bio-
diversity of the navigation.
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		 •
Maintenance work on Isfield Lock
and its immediate surrounding area.
•
Informing walkers on the Sussex
Ouse Valley Way about the
navigation, restoration work and
canals in general.
•
Removing invasive plant species
from the lock’s area.
•
Sale of redundant assets
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 We did.

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

SORP reference
Policy on grant making Para 1.38 Not applicable.
Policy on social investment
including program related
investment		 Para 1.38 Not applicable.
Contribution made by
volunteers		 Para 1.38 Over 520 hours were worked by
volunteers (including trustees) on
restoration and administration duties.
Other Not applicable.

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 The continued upkeep of the restored
Isfield Lock and its adjacent area to
provide the passing general public with
information on the industrial history,
archaeology and importance of the
Sussex Ouse Navigation; especially in
the 19th Century when its commercial
significance was at its height.
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
Achievements against
objectives set		 Para 1.41 Not applicable.
Performance of fundraising
activities against objectives
set		 Para 1.41 Not applicable.
Investment performance
against objectives		 Para 1.41 Not applicable.
Other
Financial Review
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
Achievements against
objectives set		 Para 1.41 Not applicable.
Performance of fundraising
activities against objectives
set		 Para 1.41 Not applicable.
Investment performance
against objectives		 Para 1.41 Not applicable.
Other
Financial Review
Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 Operating income exceeded expense
largely due to the sale of redundant
assets
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 We hold cash reserves to fund future
projects. Due to a shortfall in suitable
projects, these reserves continue to be
high in comparison with our current
expenditure levels.
We hold additional reserves in an
investment fund to provide us with
income for our current expenses. These
are derived from life membership
subscriptions and a single unrestricted
bequest.
Amount of reserves held Para 1.22 Cash in the bank = £14,099
Unrestricted Investment’s current value
= £10,083
Reasons for holding zero
reserves		 Para 1.22 Not applicable.
Details of fund materially in
deficit		 Para 1.24 Not applicable.
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 1) Lack of alternative worksites
meeting SORT's charitable
objectives.
2) Loss of our skilled but ageing
volunteer workforce have caused the
Trustees to plan to wind up the
Charity in an orderly way.
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 SORT is entirely funded from members’
subscriptions and donations.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 We invest in a reputable Charity Specific
Investment Fund to provide income to
fulfil restoration activities.
A description of the principal
risks facing the charity		 Para 1.46 Lack of volunteers.
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 CIO (Association)
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 Not applicable in the year. The current
trustees were directors of the trust as a
limited company prior to its becoming a
CIO.
Future trustees will be appointed by a
resolution passed at a properly
convened meeting of the
charity trustees.

Additional information (optional) You may choose to include further statements where relevant about: Policies and procedures Para 1.51 adopted for the induction and training of trustees The charity’s organisational Para 1.51 structure and any wider network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name Sussex Ouse Restoration Trust
Other name the charity uses SORT
Registered charity number 1198840
Charity’s principal address c/o 4 The Square, High Street, Leigh, Tonbridge, TN11 8RJ.

Names of the charity trustees who manage the charity

1
2
3
4		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
David Evans Chair
David Beveridge Treasurer
RoySutton
Brain Newbury Until 03 Oct 2023

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

Director name Not applicable.

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year
Not applicable.

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 Not applicable.
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
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)
David Evans		 David Beveridge
David Alexander Evans David R Beveridge

Position Chair Treasurer (eg Secretary, Chair, etc) Date 02 October 2024

Charity Name No (if any) Sussex Ouse Restoration Trust 1198840 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01/01/2023 31/12/2023

Section A Receipts and payments Section A Receipts and payments Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£
234
425
-
2,202
98
601
-
-
3,560
-
-
-
3,560
1,776
630
133
69
-
-
-
2,608		 Restricted
funds
to the nearest £
-
-
-
1,136
-
1,136
-
-
-
1,136
-
-
-
-
-
-
-
-
-
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
234
425
-
2,202
98
1,737
-
-
4,696
-
-
-
4,696
1,776
630
133
69
-
-
-
-
-
2,608		 Last year
to the nearest £
Donations 234 120
Subscriptions Received 425 568
Gift Aid - 3,003
Sundry income 2,202 321
Bank interest received 98 17
Dividends received 601 -
Profit/Loss on Investments - -
- -
Sub total(Gross income for
AR)		 3,560 4,029
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
4,029
Restoration expenses 1,776 355
Insurance 630 367
Computer running costs 133 140
Subscriptions 69 54
Accountancy -
Postage and stationery - 14
Printing - -
Event expenses -
Sundry expenses - 13
**Sub total ** 2,608 943
A4 Asset and investment
purchases, (see table)
Long Term Fund - 10,021 - 10,021
Restoration Fund - 10,017 - 10,017
Life Members 3,200 - - 3,200
Special Donations 7,395 - - 7,395
**Sub total ** 10,595 20,038 - 30,633 -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
943
- 28,545 3,086
- -
42,644 -
14,099 14,099 42,464

CCXX R1 accounts (SS)

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
M&G Charifund
M&G Charifund
M&G Charifund
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Cash at Bank
Details
M&G Charifund
Details
Details
D Evans
Signature
D Beveridge		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
14,099
-
-
-
-
14,099
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
Long Term Fund
10,021
Investment Fund
10,017
Life Members
3,200
Special Donations
7,395
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
David Beveridge
David Evans		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
9,536
9,532
3,045
7,038
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
D Beveridge David Beveridge 26-Sep-24
D Evans David Evans 26-Sep-24

CCXX R2 accounts (SS)

2