## **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