River Thames Boat Project

Making the Thames Accessible

Annual Report and Accounts 2011 - 2012

River Thames Boat Project Annual Report and Accounts 2011 - 2012

Contents

Report of the Directors 1

Review of the Year 2

Clients 12

Donors 13

Accounts for 2011 - 2012 A1

Notes to the Accounts A4

Independent Examiner’s Report on the A8 Accounts

Photographs by David Bell, John Frye and Miranda Jaggers

River Thames Boat Project Registered Office: 66 Hill Street Richmond Surrey TW9 1TW

020 8940 3509 [email protected] www.thamesboatproject.org

Company no. 3953201 Registered charity no. 1080281

Report of the Directors

The Company

The River Thames Boat Project is a not-for-profit company limited by guarantee. It has no share capital and is registered with the Charity Commission.

The objects of the company are principally to provide facilities for boating on the Thames for the purpose of social welfare especially for older people, people with disabilities and young people, and for environmental education and for other charitable purposes.

The company does this by running a converted Dutch barge, the Richmond Venturer, which takes out groups of people within the categories described above for voyages and activities on the Thames between Windsor and Gravesend, and provides environmental education on the boat and ashore.

Patron David Suchet CBE

President Sir Peter Harrop

The Board of Directors

There are ten directors of whom four were elected at the last Annual General Meeting. None received any remuneration from the company during the year.

Richard Robinson Chairman, Re-elected 2011 Paul Barry Hon. Treasurer, Re-elected 2010 David Bell Re-elected November 2009, due for re-election Peter Low Re-elected 2009, due for re-election Dr Hilary Pickles Re-elected 2010 Louise Sibley Re-elected 2010 Byron Turner Re-elected 2011 Keith Knox Re-elected 2011 Jane Newman Elected November 2010 Shaun Williams Elected November 2011

The President may attend meetings of the Board but is not a member of the Board and is not entitled to vote. Sir Peter Harrop continues to be actively involved through his help in running the Friends of the Boat Project and representing the charity at local events.

1

Officers and Staff

The company was well served during the year by: Miranda Jaggers, Project Manager (full-time) Peter Oldham, Skipper (full-time) Judy Cope, Project Administrator (part-time) Sally Woodward, Sessional Teacher, School on the River Katy Sandford, Fundraising Assistant (part-time)

And in a voluntary capacity: Wendy Moss, Company Secretary

Membership

The membership of the company was 109 at 31 March 2012. It is a condition of membership that members must contribute £1 if the company is wound up and has debts which cannot be met out of its assets. The Balance Sheet, which forms part of the accompanying Accounts, shows that at the end of the financial year there was a satisfactory surplus of assets.

In the event of the winding up of the company, any surplus of assets would not be available for distribution to members but under the company’s Memorandum of Association would be distributed to another charitable body with similar objects and rules of distribution.

Review of the Year

2011-12 was again an outstanding year in terms of programs and activities with 124 fee-earning days and evenings (including Venturer Photography bookings) out on the river providing 2,012 clients with the opportunity to discover the Thames during the year from April 2011 to March 2012. We also held 4 open days/events on board: at the Kingston Regatta, Walton on Thames Heritage Day, the and the DBA The Barge Association’s annual Young carers enjoying the view rally, at which Venturer was host boat. We ran six crew training days for our volunteers and made two delivery trips making a total of 136 days and evenings use. Our volunteers provided 470 crew days, plus over 205 hours of maintenance, and 650 volunteer hours assisting at open days, in the office and at fundraising events. Our client groups, who are listed on page 12,

2 came to us from nine Boroughs and four counties outside Greater London. We run five programmes that provide a choice of day and residential cruises for people with physical disabilities, learning disabilities and older people; day trips for people who are isolated and not a member of an organised group; respite trips for young carers; environmental activities for school groups; and Venturer Photography, an enterprise set up to support the River Thames Boat Project, which offers photographic cruises and custom training on the River Thames on board the Venturer on summer evenings and in the off season, so as not to clash with our charitable cruises and educational work.

In April, before the start of our main cruising season, we ran a day of taster trips. These were taken up by representatives of 8 organisations new to our work.

1. Accessing the Thames. This is our main programme, which is designed for people who have a physical and/or learning disability, suffer from a mental illness, or are elderly and/or frail. Without the specially equipped Richmond Venturer and the support of our staff and volunteer crew they would be unable to access the Thames afloat. Although the Venturer is restricted by the terms of its licence to carrying twelve passengers while under way, this has proved to be particularly beneficial for these groups who often find it difficult to cope when in large groups of people.

In 2011/12 we undertook 79 Accessing the Thames trips. The majority of these were one day cruises from our base in Kingston, mostly up river to Walton or Shepperton, affording glorious views of , the river banks and riverside towns alongside the Thames. There was a residential weekend trip up river to Runnymede for a group from Richmond Homes and Lifestyle Trust. It provided a variety of activities including opportunities to enjoy the tranquillity of the river, towpath walks and for visits ashore.

A HANDS group settling down for a day on the Venturer

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2. Living and Learning Afloat. This is a programme for children and young people between the ages of 8 and 25. We offer day trips, as well as residential voyages for a long weekend or during the school holidays. For these bookings the Venturer usually goes up river towards Windsor which provides good opportunities for varied activities ashore, as well as on board. In 2011/12 we received bookings for a total of 9 such days. We worked Mums and children from the Chernobyl Children’s Project in partnership with the Chernobyl Children’s Project running a week’s residential holiday for children suffering from Leukaemia and their mothers from Belarus, and 2 respite day cruises for Young Carers.

We would like to be able to offer Easter holiday and half term breaks to more young carers’ groups from other parts of London and the South East. These trips are particularly beneficial for young carers, providing them new experiences away from their responsibilities at home and giving them the chance to relax with other young people who find themselves in similar circumstances.

3. Linking People Afloat These are for isolated individuals who are not members of a support group. This programme has proved very successful, particularly for older people who live alone. We ran 4 of these trips in 2011/12 and the feedback we received was very positive.

4. School on the River This programme is run at Lock and, because the boat is moored alongside, the Venturer can accommodate a class of thirty children, plus their teacher and helpers. Designed for 8-10 year olds we delivered this carousel of hands on environmental education activities on 26 days, for 889 children, staff and helpers during 2011/12. Basing the course at Teddington enables us to demonstrate the differences between the fresh water river and the tidal estuary. The day includes practical science experiments on the boat, a water safety video and visits to for a demonstration by the lock-keeper of how a lock works (courtesy of the Environment Agency) and to the nearby island for an explanation about the tides given by Peter Oldham. Among other things our course covers the water cycle and the ecology of the Thames. These topics illustrate the dramatic changes that are likely to occur due to the effects of climate change. To market School on the River we contacted all the primary and junior schools in the Royal Borough of Kingston upon Thames and London Borough of Richmond upon Thames at the start of the spring and autumn terms, and our website attracted a number of new bookings.

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In March 2012 we ran a successful pilot course in risk assessment when delivering Learning Outside the Classroom activities for student teachers from St. Mary’s University.

Our aim for School on the River over the next 3 years is to:  update our existing School on the River teaching resources and make them available from our website;  consolidate our Learning Outside the Classroom Safety Awareness training for student teachers,  develop fun new environmental activities for family and non-school parties e.g. Scout groups.

5. Venturer Photography The activities fit with the core values of the charity. Its key principles are to:  extend the use of the boat (beyond core client time)  share and display the professional skills of our volunteers  provide a source of funds

The digital photography workshop cruises were held on board with our team of professional photographers. Funds raised by Venturer Photography are donated to the River Thames Boat Project. For more information please go to www.venturerphotography.com A Venturer Photography evening cruise

We were delighted to welcome 14 new organisations who sent groups to us for the first time in 2011/12. We had our latest trip ever – in mid-November classes from Latchmere School Kingston joined us for 3 days of School on the River.

The large number of groups from clients who use the Venturer on a regular basis is a measure of our success. 54 client groups repeated their earlier bookings in 2011/12 and count among our regulars. It is a pleasure to renew such friendships and their continuing bookings year after year demonstrate the value of our work through the benefits it brings.

Amongst these it was pleasing to have Integrated Neurological Services (which supports people suffering from neurological disorders) aboard again on 4 occasions in 2011/12. Also the Lest We Forget Association arranged 19 visits for groups from various ex-servicemen’s care homes. We are pleased to help organisations such as Combat Stress and the residential care homes for the Navy, Army and Air Force who look after ex-servicemen and women and those who served in the merchant fleet, as we are all conscious of the sacrifices which servicemen and women are currently making. The Venturer ranks very highly in the away-day preferences of the residents who join us on the river and we take pride in contributing to their rehabilitation.

5

Open Days and Events

 April – An appeal for boat jumble was made and we took a stall at the Beaulieu Boat Jumble, which raised nearly £1,000.

 May – We held a concert at Richmond Parish Church in aid of the Chernobyl Children’s Project to assist with funding the holiday on board the Venturer for Chernobyl children. A special thank you to Michael McLaughlin (music director and tenor), Christine Cunnold (soprano), Louisa Lam (piano) and Christian Dawson (piano) who performed a varied repertoire. Christine Cunnold and Michael  June – Kingston Regatta the Venturer was McLaughlin performing at St Mary open to the public, as people thronged the Magdalene Church Richmond riverside to watch the racing.

 August – The Venturer was the host boat at the DBA Barge Association annual rally which took place at the Barge Walk, over the Bank Holiday weekend. A reception, marine safety workshops, a boat jumble and book stall were all held on board the Venturer.

 September – On National Heritage Day DBA Barge Association members the Venturer attended celebrations at pack the Venturer’s saloon for a Walton, during which we held an open day safety workshop and groups of young carers joined the boat for the cruise to and from Walton, thanks to the support of the Walton Society.

The following weekend the Venturer attended the Great River Race, in which traditional fixed seat craft were rowed from Greenwich to Ham. We held a pre-race reception on board for the Friends, following which the Venturer was open to the public. Two boats supported us in this year’s race. A crew of 5 (including 3 Boat Project volunteers) rowed Lillan, coming 3rd in the Ship’s Boat class and a crew The crew of the Lillan represented the from Putney Rowing Club, who River Thames Boat Project in the unfortunately had to withdraw before the Great River Race finish. A severe squall hit the competitors as they cleared Tower Bridge which made the race particularly challenging. A big thank you to both boats’ crews who raised nearly £1,500. As before, we used the Great River Race as an opportunity to host our Friends, who watched the closing stages of the race on the Venturer.

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 November – Our AGM and annual social gathering for Members and supporters was once again held at Tamesis Sailing Club, Teddington.

 December – The annual Crew Christmas Supper, the main event of our winter programme, was well attended and much enjoyed by our volunteers and is the charity’s opportunity to say a big thank you to our hard working and committed staff and volunteer team.

Over Christmas and New Year the word went out to volunteers and supporters to “Phil the Boat” - numerous black bags full of clothing and linen for recycling arrived at the dock, raising £407 for the Boat Project. It proved so successful that this one off idea has continued and become a regular money raiser.

 March – A pantomime, “Harry Splotter Saves Sleeping Beauty”, which was written, produced and directed by Jemma Box, one of our volunteers, was performed at St. Andrew’s Church Surbiton. Congratulations to Peter Oldham for his star role as Wizzo the Wizard. Money raised was donated to local charities, including the River Thames Boat Project.

Wizzo the Wizard

Improvements and Maintenance

As with any boat of its size owned by a charity all refits, improvements and maintenance to the Venturer have to be carefully planned and budgeted. The funds have to be raised and the work planned around our crew training and cruising schedule. This is an on-going process as items suffer normal wear and tear, standards and regulations change, and improvements and upgrades are constantly being made.

The general winter maintenance programme was continued at the Barge Dock masterminded by Peter Oldham and David Bell, a Trustee and volunteer Mate. Under their supervision a dedicated team of Boat Project volunteers worked through the winter and spring carrying out a variety of maintenance works. As part of the winter refit a new galley floor was install in April, ready for the cruising season.

Following a demonstration of safety equipment at the DBA Barge Association rally in August, a review of our man-over-board kit was carried out and the Jason’s Cradle was replaced by a RibMat which is much easier to handle, and provides a higher degree of safety and comfort for the casualty as they are recovered from the water.

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In mid-summer a very generous anonymous benefactor gave us new IT equipment (a server, 2 new pcs and software) for use in the office.

Our website continued to be updated and improved thanks to meticulous work by our Project Administrator Judy Cope.

Peter Oldham demonstrates use of the Rib-Mat, our new man-over-board equipment.

Training

The training of our volunteer mates and crew was organised by Peter Oldham. Before the start of each season he delivers day courses for all our volunteers. These cover: running the boat, deck work, health and safety, emergency drills, and disability awareness. From March to May 2011 we ran an initial training day for our 5 new crew members and 6 refresher training days for our established crew. He has the gift of finding something new and interesting for the volunteers to learn every year. Refresher training for the Venturer’s Mates

Staff, Directors and Volunteers

Special thanks are due to our Project Manager, Miranda Jaggers who, from the start, has provided the inspiration and leadership for so much of what we do and carries a very large share of the responsibility for the success of the Boat Project, which over the years has gone from strength to strength.

We would also particularly like to thank our Project Administrator, Judy Cope, who retired in August 2012, worked so hard to ensure the Project ran smoothly,

8 particularly in organising the bookings and crewing, as well as our administration, bookkeeping and looking after our website.

Very many thanks also go to our Skipper Peter Oldham. He has provided continuity and support for our volunteer crew and staff. He has also contributed greatly to the enjoyment of our clients during their time on the Venturer by helping to look after them, encouraging them to participate in life on board and by making a valuable contribution to School on the River, our education programme. He has also master minded and run “Phil the Boat”, a very useful fundraising scheme, collecting old clothes on board the Venturer for onward sale for the benefit of our funds.

Every year brings fresh opportunities and challenges and all our staff have risen magnificently to these. The charity owes a large part of its success to their dedication and commitment to its work.

In 2011/12 we welcomed 5 new volunteers. It is one of our greatest strengths that we are able to attract new volunteers, and this year we again had to put newcomers wanting to crew on a waiting list. However, there are a number of other ways in which volunteers can support our work.

Massive thanks are also due to all our 70 volunteers, who gave over 5,472 hours of their time in 2011/12 – crewing as well as assisting with maintenance, at open days, fundraising events and in the office – and without whom the Boat Project could not function. They all do such a good job in so many different ways - whatever the weather. The Directors, can only pass on a heartfelt thank you to every one of them for giving so generously of their time and skills.

“After seven trips this year, there is very little I can say. This is undoubtedly the best therapy we can offer the men and women suffering from Post- Traumatic Stress Disorder and we can’t wait to bring the Combat Stress Groups next summer.”

Public Benefit

In considering the charity’s activities, the Directors have had due regard to the published guidance on public benefit, as can be seen by the variety of programmes we run for schools, socially excluded groups and our volunteers.

Statement on Risk

The Directors conduct a periodic assessment of the risks to which the company is exposed. The likelihood and relative seriousness of the identified risks were reviewed in the course of the past year and several minor modifications made. It is the company’s policy to keep up to date its assessment of risks of many kinds and to adopt measures to mitigate or minimise identified risks to the greatest extent practicable.

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Disability Discrimination Policy

The Directors pursue a policy of non-discrimination towards people with physical or learning disabilities or mental illness. People with disabilities are an important part of our clientele. The Richmond Venturer was specially converted to make it possible for wheelchair users to have access to all passenger facilities on board, including the toilets and shower facilities. In addition we provide staff and volunteers with disability awareness training. So far as staff and volunteers are concerned, we readily employ without discrimination anyone who can perform the duties required in a safe and timely manner.

Social inclusion is an important part of our work

Financial Results

The details of our finances can be found in the accompanying Accounts on page A1. There was a deficit of income over expenditure during the year, due to a significant reduction in donations. This highlights the importance of developing other sources of income, which the Directors are addressing. The Balance Sheet shows that our cash position at the end of the financial year remained relatively healthy and we had adequate reserves to maintain the Venturer for the immediate future. Nevertheless, as with all small charities, fundraising requires continuing effort if we are to continue, metaphorically speaking, to stay afloat.

Policy on Reserves

It is the policy of the Directors to maintain an adequate working balance to meet the cost of salaries, routine winter maintenance and other expenses during the winter months due to the seasonal nature of the charity’s work. Consequently a balance of £47,500 was necessary at the end of October to see us through the winter months. This figure has increased slightly since last year by the rate of inflation. We were able to meet these requirements comfortably in October and will keep this figure under review.

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Financial Audit

With a turnover of around £115,000 the company can claim exemption from audit under the special provisions of Section 477(2) of the Companies Act 2006. The statements required to be made by the Directors in such circumstances are attached to the Balance Sheet. The company has however asked Jon Blythe, a registered chartered accountant, to conduct an independent examination of the accounts and a copy of his Report is attached to the accounts.

Richard Robinson 10 September 2012 Chairman

Signed with the approval of the Directors on their behalf

Chairman Richard Robinson, pictured with Sarah Rees, hosted an evening cruise as a thank you for staff from Jones Lang LeSalle who volunteered to help paint the Venturer while in dry dock in November 2010

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Clients 2011 – 2012

46 The Grove, Isleworth 5&7 Birches Close, Mitcham 82 Bear Road, Hanworth Abbeyfield, Chelsea & Fulham Society *Abbeyfield, Lee House Wimbledon Abbeyfield, New Malden Abbeyfield, Palmer House Abbeyfield, Victoria House Kew The Access Project, Whitton Age UK, Barnes Archdeacon Cambridge's CE Primary School, *Ashcombe Court, Carshalton Bedelsford School, Kingston Two of our 2,012 clients Beechwood Court, Sunbury Brinsworth House, Twickenham Lest We Forget Association: *Burlington Junior School, New Malden Combat Stress, Leatherhead Carter House, Raynes Park * Haig Homes, Morden Castelnau Centre Project Merchant Seamen's War Memorial Cecil Court, Kew Society, Cranleigh, Surrey Chase Bridge School, Whitton Queen Alexandra Hospital Home, Worthing, W Sussex Chernobyl Childrens’ Project Royal Air Force Association, Choice Care Group, Ashstead Storrington, W Sussex Choice Care Group, Hylton House Sutton Royal Alfred Seafarers, Banstead, *Collis Primary School, Teddington Surrey *Colville Court, Teddington Mais House, RBL Poppy Home, Bexhill, Crawley Ridge Junior School, Camberley East Sussex Darell Primary School, Richmond *Marlborough Primary School, Isleworth DBA The Barge Association Meadlands Primary School, Ham *Fullerton Court, Teddington Orchid Café Group, Twickenham *Gatton Primary School, Tooting Orione House, Hampton Wick Help A Neighbour in Distress Scheme, Richmond Homes & Lifestyle Trust, (HANDS) Twickenham Hampton Wick Homemead, Teddington Richmond Young Carers Hounslow MS Society Royal Hospital for Neuro Disabilities, Integrated Neurological Service, Putney Twickenham Sacred Heart School, Teddington Kingston Young Carers Surrey Association for Visual Impairment *Latchmere School, Kingston (SAVI) Lindon Bennett School, Hanworth Southside Partnership, Brixton *Look and Plan Club, Teddington Southside Partnership, Roehampton Linking People Afloat, (our cruises for Southside Partnership, Wandsworth individuals)

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*Southwark Anglican Cursillo United Response, Mitcham *St Mary's University College, United Response, Teddington Twickenham United Response, Whitton Stanley Junior School, Teddington Venturer Photography T.R.E.E.S, Surrey Walton Society – Surrey Young Carers *T.R.E.E.S, Rosedene Home, Banstead

* New clients in 2011/2012

Donors 2011 - 2012

Our work is made possible only by the generosity of the Boat Project’s numerous supporters. The Directors extend their grateful thanks to the many individual donors, charitable trusts, companies and other organisations who have contributed through donations, grants and gifts in kind:

29th May 1961 Charitable Trust Sarah Edmonds Abbeyfield - The Palmer House Amenity Duncan Faircloth Fund Peter Finch Barry Adams Bamber Gascoigne Charmian Ali Joyce Gibbins David Anderson Roger Goodier Angus Allnatt Charitable Foundation Hampton Fuel Allotment Charity John Armstrong Peter Harrop Ashtead Friendship Centre Margaret Harrop Paul Barry Yvonne Hewett Simon Beaufoy David Holmes John Bowen Susannah Hughes Paul Boyd Jacqui Humphreys Rosemary Brereton Hurst Park Residents' Association Perry Calwell Anthony Hutchinson CH Dixon Charitable Trust ISIS Electronics (Cheltenham) Limited Geoffrey Chipperfield Graham Jaggers Edward Corbett Kay Williams Charitable Foundation Peter Cowell John Kennett Penny Cowell London Borough of Richmond Peter Crabb Peter Low Bruce Cryer Basil H. Marcuson DBA - The Barge Association Richard Marston Celia Denton Patrick McHugh Rosemary Doidge Clive Mitchell Dyers' Company Charitable Trust Wendy Moss Paul Edelin Nauticalia

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Alison Oliver Justin Staples Barry O'Mahony Anna Stokoe John Ormsby Thames Community Foundation John Palmer Gillian Thorpe Jack Parker Bill Timmis Dorothy Pearman Martha Tressler Hilary Pereira Linda Varney Phil the Bag Jane Vougioukas Derek Plummer Waitrose (Kingston) Alan Powell Vivian Walker Martyn Rattle Malcolm Walker John Ray Walton Society Richmond Parish Lands Charity Waterways Trust Rotary Club of Mary Weber Rotary Club of Twickenham Roderick White Royal Borough of Kingston upon Thames Philip Wilkinson Nancy Safford Shaun Williams Seven Seas Club John Wood Martin Sharman Sally Woodward Louise Sibley Bill Wright Noel Simmons Angus Young Sloane Robinson Investment Services Mark Zytynski Limited

The Venturer entering Molesey Lock

14 Statement of Financial Activities Including Income and Expenditure Account For the Year Ending 31 March 2012

Total Total Unrestricted Restricted Funds Funds Funds Funds 2012 Notes 2011 £ £ £ £ Incoming Resources

Activities to further the charity's objects : Grants 22,575 22,575 1&2 29,284 Fees & Charges 31,881 31,881 28,271 Donations 34,013 3,000 37,013 2&3 62,627

Activities to generate funds : Fundraising Events 7,906 7,906 4 9,165 Sale of Goods 834 834 250 Venturer Photography 920 920 1,560

Investment income and interest : Bank Interest 368 368 427

HMRC Gift Aid Rebate 4,182 4,182 1 3,150

Donations in kind 15,776 15,776 1 11,771

Total Incoming Resources 95,880 25,575 121,455 146,505

Resou rces Expended

Salaries 70,801 19,622 90,423 81,552 Office Rent 1,571 349 1,920 1,890 Boat Running Costs 2,012 488 2,500 2,739 Boat Repairs & Maintenance 1,180 1,795 2,975 3,800 Vessel Equipment 141 304 445 3,963 Insurance 3,896 867 4,763 4,672 Office Services 5,629 671 6,300 4,785 Registration & Licence Fees 950 211 1,161 1,210 Training 52 11 63 170 Publicity 139 31 170 504 Cost of Goods Sold 518 518 173 Bank charges/Interest 35 35 80 Survey Fees 520

Carried Forward 86,924 24,349 111,273 106,058

A 1 Total Total Unrestricted Restricted Funds Funds Funds Funds 2012 Notes 2011 £ £ £ £

Brought Forward 86,924 24,349 111,273 £106,058

Resources Expended

Fundraising expenses 872 872 1,504 Onboard Catering 207 207 698 Legal Fees 240 240 Administration of the Company 396 88 484 414 Venturer Photography Expenses 71 Depreciation 1,976 1,976 1 810

Expenditure in kind Mooring Fees 5,191 5,191 5,040 Office Rent 4,788 4,788 4,649 Computer Equipment & Software 1,226 1,226 720 On Board Equipment 99 Repairs and Maintenance 94 94 On Board Catering 31 31 40 Fuel 325 325 Venturer Photography 120 120 Publicity 923 Administration of the Company 14 14 250

Total Resources Expended 102,404 24,437 126,841 121,276

Restricted/ Total Total Unrestricted Designated Funds Funds Funds Funds 2011 Notes 2010 £ £ £ £

Net Incoming Resources

Net income for year -6,524 1,138 -5,386 25,229 Gains (including revaluation of barge)/ Losses Transfer to Designated Repair/ Replacement Fund 8

Net movement in funds -6,524 1,138 -5,386 25,229

Total Funds 1 April 2011 199,229 39,269 263,727 238,498

Total Funds 31 March 2012 192,705 40,407 258,341 263,727

A 2 Balance Sheet

Directors’ Statements

“For the year ending 2012 the company was entitled to exemption from audit under section 477 (2) of the Companies Act 2006.”

“The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.”

“The directors acknowledge their responsibility for:

i. ensuring the company keeps accounting records which comply with Section 386; and

ii. preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year, and of its profit or loss for the financial year, in accordance with the requirements of Section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.”

Richard Robinson 10 September 2012 Chairman

Paul Barry 10 September 2012 Hon Treasurer

A 3 Notes to Accounts 2011 - 2012

1. Accounting Policies

Basis of Accounting

The accounts are prepared on the historical cost basis of accounting, except for the revaluation of the Dutch Barge, Richmond Venturer, and in accordance with applicable UK Accounting Standards and the Statement of Financial Activities (SOFA), as required by the Charities Commission. a. Tangible Fixed Assets

Having received an independent valuation by a marine surveyor in the Financial Year which ended March 31, 2011, after due consideration the Directors concluded that the barge is worth not less than £175,000. There was no revaluation of Richmond Venturer in the year to March 31, 2012. b. Depreciation

Office, IT and related equipment is depreciated at a rate of 33.3% per annum on a straight-line basis. In 2010/2011 we added £3,987 of equipment with the depreciation being charged to the Profit & Loss Account. c. Capital Expenditure

Capital expenditure on the vessel is written off in the year of expenditure as the Barge is re-valued on a periodic basis. d. Grants

Grants where restrictions on use apply have been identified as restricted income on the SOFA together with the related expenditure. e. Donations in Kind

In order to properly reflect the number of donations given, donations in kind have been included. These items and services have been valued by the Directors at a sum of £15,776 and are recorded separately on the SOFA. Where appropriate, a contra entry has been shown on the expenditure statement. f. HMRC Gift Aid Rebate

Since the value of Gift Aid is now a significant figure it is identified as an individual item of revenue. This shows the value of gift aiding donations. The tax rebate is credited to the Accounts in the year in which it is received.

A 4

2. Incoming Resources

Unrestricted Restricted Total Funds Total Funds Funds Funds 2012 2011 £ £ £ £ Incoming Resources

Donations comprise:

Donations 28,888 3,000 31,888 57,617 Friends Contributions 5,125 5,125 5,010

34,013 3,000 37,013 62,627

Grants comprise:

Angus Allnatt Charitable Foundation 1,000 1,000 Hampton Fuel Allotment 8,000 8,000 8,000 Hedley Foundation 5,000 London Borough of Richmond Disabled People 4,000 4,000 1,862 Older People 2,136 Young People 1,215 National Community Boats Association 40 40 2,739 Youth Leadership Programme Richmond Parish Lands 4,500 4,500 4,330 Royal Borough of Kingston 1,000 1,000 1,000 Thames Community Foundation 1,035 1,035 Waterways Trust 3,000 3,000 Woodlands Trust 3,000

22,575 22,575 29,284

3. Restricted Donations

A donation of £3,000 was received from the family of the late Kate Pearce, (a much missed friend and volunteer), and allocated to provide a much needed canopy over part of the main deck. Work on this started in late March and £2,960 remained unspent by the year end.

A 5 Fundraising Events

Beaulieu Boat Jumble 920 DBA Collection Tins 20 Chernobyl Children’s Concert (Takings) 1,735 Chernobyl Children’s Holiday (Fundraising) 2,949 Great River Race including sponsorship 1,554 Phil the Boat 408 St Andrew’s Church Surbiton Pantomime Collection 121 Sponsored Walk February 2011 (Received 2011/2012) 200

TOTAL 7,906

Of the total amount banked, £1,915 was received from on line (Internet) payments (2011 - £3,529).

4. Stock 2012 2011 T-shirts & sweat shirts etc. at cost 1,622 659

5. Current Liabilities

Amounts falling due within one year 2012 2011

Loan (see below) 1,250 1,500 Creditors 1,767 1,267 Charge Card 392 321 Deferred Income 18,578 7,911

21,987 10,999

Deferred income represents payments received for services to be provided in the next financial year.

7. Loans 2012 2011 Balance at beginning of year 1,500 2,250 Repayments 250 750

Balance 1,250 1,500

The loan was advanced by the London Borough of Richmond upon Thames to facilitate refurbishment of the Richmond Venturer. The loan is interest free and repayable on demand. With the agreement of the Borough, the Directors are repaying the loan by instalments as cash flow permits.

A 6 8. Reserves 2012 2011

General Fund 17,381 23,906 Revaluation reserve 175,000 175,000 Restricted Funds re: Hedley Foundation 0 1,821 Kate Pearce Family 2,960 0 Designated Major Repairs and Replacement Fund 63,000 63,000

258,341 263,727 a. Revaluation Reserve

Starting in the financial year 2002, when Richmond Venturer was re-valued, a Revaluation Reserve was created to record the increased asset value. Periodically the vessel is appraised for insurance purposes and the Revaluation Reserve is adjusted to reflect the changed figure. b. Designated Major Repairs and Replacement Fund

The Directors have authorised the setting aside of funds to meet major repairs, including periodic dry docking operations which are essential to the continuing operation of the Charity’s Dutch Barge, Richmond Venturer and also to provide for a replacement boat when the time comes.

Our Boat Quiz is very popular with children visiting the Venturer at open days.

A 7

A 8

“A very special day, yesterday. It was lovely! We enjoyed it so much and feel refreshed by a day so different; it is easier to take hold of today.”

www.thamesboatproject.org