Waveney Stardust Trust Limited

	Page
Trustees' Report	1—3
Independent Examiner's Report	4
Statement of Financial Activities (including Income and Expenditure Account)	5
Balance Sheet	6—7
Notes to the Financial Statements	8—15

The trustees present their report and the financial statements for the year ended 31 January 2026.

Objectives and Activities

Aims and Objectives

The charity is established for the relief of disabled and/or elderly people by the provision of facilities for recreation; in particular the provision of boat trips by day on the Suffolk and Norfolk Broads with the object of improving the condition of life of such persons.

Public Benefit

Despite best efforts to recover from Covid-19 repercussions, Waveney Stardust Trust Limited operations were still depleted for the 2025 season. The charity fortunately continued to operate a number of cruises aboard WSII from Beccles and Brundall. Trips were available for passengers to book from April to December 2025, however, the number of bookings were again reduced.

Operational staff for the cruiser consisted of skippers, deck and cabin crew members, supported by onshore administration from the Bookings Officer, Shore Support Officer, IT Officer and Information Support Officer. Again, crew volunteers registered for active crewing for the charity during the 2025 season were reduced. Skippers and crew continue to undergo appropriate training and examinations to qualify them to carry out their roles . Active recruitment for new volunteers for crewing and administrative support is ongoing. Safety of all persons aboard is the highest priority, the cruiser and all aspects associated with the cruises, the hydraulic platform lift and ramps are maintained and certified to operate within the legal requirements. All safety items have been checked tested, passed and certificated by health and safety engineers to comply with the Broads Authority's Passenger Boat licence. The high maintenance programme on the operational cruiser is continual.

To summarise, one cruiser has been operational for the season in Beccles and Brundall during 2025.

The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.

Financial Review

Financial Position

Retained reserves at the year end amounted to £215,446. This included the written down values of the Waveney Stardust Cruisers. Expenditure exceeded income for the year by £11,671. Detailed information can be found in the attached accounts.

Reserves Policy

The Trust holds a separate Business Premium account with Barclays Bank, which holds funds at the year end of £47,230.86 specifically for emergency use.

Structure, Governance and Management

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Waveney Stardust Trust Limited

Trustees' Report (continued)

For The Year Ended 31 January 2026

Governing Document

The company is established under its memorandum and articles of association dated 13 June 2012 and is limited by guarantee.

Trustee Selection Methods

New trustees are recruited and appointed by existing trustees.

Reference and Administrative Details

Trustees

Ms G A Lovegrove

Mr N A Foreman

Mr R A Cowie

Mr D A Stone

Charity Number

1148201

Company Number

08104554

Registered Office

Georgian House

34 Thoroughfare

Halesworth

Suffolk

IP19 8AP

Independent Examiner

Pieter Nicholas van Dijk FMAAT

Van Dijk Accountants

Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP

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Waveney Stardust Trust Limited

Trustees' Report (continued)

For The Year Ended 31 January 2026

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Ms G A Lovegrove

Trustee

01/07/2026

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Waveney Stardust Trust Limited

Independent Examiner's Report to the Trustees of Waveney Stardust Trust Limited

For The Year Ended 31 January 2026

Independent Examiner's Report to the Trustees of Waveney Stardust Trust Limited

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2026.

Responsibilities and Basis of Report

As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Pieter Nicholas van Dijk FMAAT

01/07/2026

Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP

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Waveney Stardust Trust Limited

Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 January 2026

Statement of Financial Activities (including Income and Expenditure Account)

		2026	2025
		Unrestricted funds	Unrestricted funds
	Notes	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies	3	17,578	21,495
Other trading activities	4	12,315	13,600
Investments	5	734	746

		30,627	35,841

EXPENDITURE ON:
Charitable activities:	7
Charitable activities		(42,298 )	(46,935 )

NET EXPENDITURE		(11,671 )	(11,094 )


NET MOVEMENT IN FUNDS		(11,671 )	(11,094 )
RECONCILIATION OF FUNDS:
Total funds brought forward		227,107	238,201

TOTAL FUNDS CARRIED FORWARD	14	215,436	227,107

The notes on pages 8 to 13 form part of these financial statements.

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Waveney Stardust Trust Limited

Balance Sheet

As At 31 January 2026

Balance Sheet

		2026	2025
		Unrestricted funds	Total funds
	Notes	£	£
FIXED ASSETS
Tangible Assets	11	138,045	153,481

		138,045	153,481
CURRENT ASSETS
Debtors	12	2,210	2,713
Cash at bank and in hand		77,079	72,968

		79,289	75,681
Creditors: Amounts Falling Due Within One Year	13	(1,898 )	(2,055 )

NET CURRENT ASSETS (LIABILITIES)		77,391	73,626

TOTAL ASSETS LESS CURRENT LIABILITIES		215,436	227,107

NET ASSETS		215,436	227,107

FUNDS OF THE CHARITY
Unrestricted Funds		215,436	227,107

TOTAL FUNDS	14	215,436	227,107

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Waveney Stardust Trust Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Ms G A Lovegrove

Trustee

01/07/2026

The notes on pages 8 to 13 form part of these financial statements.

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Waveney Stardust Trust Limited

Notes to the Financial Statements

For The Year Ended 31 January 2026

Notes to the Financial Statements

1. General Information

Waveney Stardust Trust Limited is a company limited by guarantee, incorporated in England & Wales, registered number 08104554 and registered charity number 1148201 . The registered office is Georgian House, 34 Thoroughfare, Halesworth, Suffolk, IP19 8AP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.3. Incoming Resources

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

2.4. Resources Expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

10% and 20% reducing balance

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Waveney Stardust Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.6. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.7. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

3. Income from Donations and Legacies

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Donations and gifts	17,578	21,495

4. Income from Other Trading Activities

	2026	2025
	Unrestricted funds	Unrestricted funds
	£	£
Boat hire fees	12,250	13,535
Membership fees	65	65

	12,315	13,600

5. Investment Income

	2026	2025
	Unrestricted	Unrestricted
	funds	funds
	£	£
Bank interest receivable	734	746

6. Net Income/(Expenditure)

The net expenditure is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible fixed assets - owned	15,436	17,175

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Waveney Stardust Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Analysis of Expenditure

			2026
	Activities undertaken directly	Support costs (see note 8 )	Total
	£	£	£
Charitable activities	5,760	36,538	42,298

			2025
	Activities undertaken directly	Support costs (see note 8 )	Total
	£	£	£
Charitable activities	5,760	41,175	46,935

8. Support Costs

	2026
	Charitable activities
	£
Employee costs	922
Premises expenses	2,757
General administration	17,423
Depreciation	15,436

	36,538

	2025
	Charitable activities
	£
Employee costs	784
Premises expenses	2,715
General administration	20,501
Depreciation	17,175

	41,175

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Waveney Stardust Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Independent Examiner's Remuneration

	2026	2025
	£	£
Other financial services	780	750

10. Average Number of Employees

Average number of employees during the year was: NIL (2025: NIL)

11. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 February 2025	376,808

As at 31 January 2026	376,808

Depreciation
As at 1 February 2025	223,327
Provided during the period	15,436

As at 31 January 2026	238,763

Net Book Value
As at 31 January 2026	138,045

As at 1 February 2025	153,481

12. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	2,139	2,650
VAT	71	63

	2,210	2,713

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Waveney Stardust Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

13. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	982	1,441
Other creditors	136	614
Accruals	780	-

	1,898	2,055

14. Movement in Funds

	As at 1 February 2025	Income	Expenditure	As at 31 January 2026
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	227,107	30,627	(42,298 )	215,436


Total funds	227,107	30,627	(42,298 )	215,436

	As at 1 February 2024	Income	Expenditure	As at 31 January 2025
	£	£	£	£
Unrestricted funds
General:
General unrestricted fund	238,201	35,841	(46,935 )	227,107


Total funds	238,201	35,841	(46,935 )	227,107

15. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:

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Waveney Stardust Trust Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

	2026	2025
	£	£
Travel	642	693
Other Expenses	1,829	2,163

	2,471	2,856

Number of trustees reimbursed for expenses during the year was 3 (2025: 3)

16. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note.

17. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

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Waveney Stardust Trust Limited

Detailed Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 January 2026

Detailed Statement of Financial Activities (including Income and Expenditure Account)

	2026	2025
	Total funds	Total funds
	£	£
INCOME AND ENDOWMENTS FROM:
Donations and legacies

Donations and fund raising	17,578	21,495

	17,578	21,495

Other trading activities

Boat hire fees	12,250	13,535
Membership fees	65	65

	12,315	13,600

Investments

Bank interest receivable	734	746

	734	746


	30,627	35,841
EXPENDITURE ON:
Charitable Activities:
Charitable activities
Fundraising fees	(5,760)	(5,760)
Protective clothing	(280)	-
Travel expenses	(642)	(784)
Rent and mooring fees	(2,613)	(2,574)
Light and heat	(144)	(141)
Boat fuel and pumpouts	(807)	(1,175)
Galley	(371)	(398)
Repairs, renewals and maintenance	(7,215)	(10,133)
Insurance	(4,112)	(4,242)
Printing, postage and stationery	(883)	(269)
Training and testing of machines	(216)	(192)
Telephone	(1,099)	(1,442)
Website and software	(1,571)	(1,367)
Independent examiner's fees	(780)	(750)
Bank charges	(190)	(217)

...CONTINUED

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Waveney Stardust Trust Limited

Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued)

For The Year Ended 31 January 2026

NET EXPENDITURE	(11,671)	(11,094)
Gift aid recovery	-	(116)
Sundry expenses	(179)	(200)
Depreciation of plant and machinery	(15,436)	(17,175)

	(42,298)	(46,935)

	(42,298)	(46,935)

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