2023-03-31-accounts

arity re8iStrntson nuDJber 1010903 Compw regi&lrationnumber02396145 {EngI￿d *Jd W¢s) THE THAMES EXPLORER TRUST ANNUALREPORT AND UNAUDTTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

THE THAMES EXPLORER TRUST LEGALA1￿ ADThItNISTRATIVE INFORMATION Vateri¢Bolt Dave Bmwn (3rl¢ne Joimson JanetPeek James Wisdom Midjacl Woodmore Secretsry Slln¢m Clarke Chaity xumbtr 1010903 Comp*tty number 02396145 Emall iThfo@thaMes4ploTer.o￿uk W•bsite Téltpho 020 8742 (X)57 Rtgtstered offl¢• The PitrHou5C Corn¢y R￿h W&y Chiswick London W4 2UG Jndèp￿dtnt£XIIII1Der PKAvdit LLP I Parbhot Ridjmond TW9 2RD Banktrs CAF Bank￿d 25 Kin8sHIIIAv¢¥Jue K2nB$ hill We8t Mallin Ketjt ME194JQ

THE THAMES EXPLORER TRUST CONTENTS P*g¢ Trust¢& report Itthpendem examin¢V5 TeFQrt Ststemettt offjn8llCtat ac¢ivittes B￿all¢¢ shcet Notes to th¢ fittatJciaJ thtrments 8-18

THE THAMES EXPLORER TRUST TRUSTEES, REPORT (INCLi]DING DIB£CTORS' REPORT} FOR THE YEAJt ENDED 31 h£4RCH2023 Thc trusw prts¢Trtthew8tW￿ wrtand fit￿[￿]91818teMents forth¢ ycarended 31 March 2023. The fitwicial statunthts httve been in urKorkn¢e with tht aceounting p)li¢ic3 to the fjnaft¢iO15tateD￿ntr alld ¢orupty with th¢ Comp￿1cS Act 2006 and"Ace￿nting and Reyting by Charitie5.' Ststement of RetotDm¢nded Pracrict applicybl¢ to charities preparitkg thEir accourtts in ￿￿rdance with the Fin)¢1￿ R¢portin8 Standard appJicabl¢ in the UK #Dd Republic of Ireland (FRS 102) leffecttve l Jonuary 2019).. The Thajlles Explor¢r is sn innovat2v¢ Education￿ ¢i￿lty. its work is ovetseBn by Six ttiJses WIK), Hi¢)ng with our Director and Mawu, ensure thBtth¢ aims of the charity are fiJlfille& Over a 34-yw pEriod the charlty h85 ta￿t a div r05Mectiort of thlts and young Nple, deliverwg lessons and ¢vents about the rivcr's history. aT¢haeolo&vi geography artd biology. Our leaming pmgrgmm¢5 are Illta￿ed to promo an und¢rstslldllJ8 of th¢ i55uts and th￿1¢￿&¢5 theThamu f2¢es ar eDgend¢rasttLqeofowtktship gdrngwllsibilty 8knutthefiJture ofth¢ river. The trijstees hAv¢ paid due reA￿d to 8uidantt lssueAI by the ChaTlty Commi&8ion bx d¢cidin8 what &tiviti¢s the charity shou]d Wc OF¢rate our pro8Tammes at nin¢ different weuues along the Thamc5 bth¥eeth Greemyith and Kew. Thcy are opm to 811, Tegardless of ethni¢ origi￿ reliwon. gcnder or (lisability. With the sid of spotuo]¥hip we hav¢ been able to rwi sn outreach prO￿llne helping u5 lo work with people who would not othen¥ise b¢ able to afford to visit us or would find it hBtd to tsavel to us. Our website and its resouTCCS are opttj to 811 mcmbtt5 of th¢ public as a fret service. In additio[4 we work with v•ri¢ty olotherriver-r¢Jatcd or8anitstton5. Forthe pRbllc b¢tfiL Thames ExplDrer offtr8.' * river edu(a(ion programmes ftrr school4 adults and family groups training in rlverstudies forte&cheT4 sci￿oIS. te4¢h¢rtrainingstudents thd otheJ3 project worK sometim&8 ill pgrtncrship withoth¢r tr)dies . ta]ks arrf conferell￿. sorneof which we Or￿1￿ oujselvtts COtx%ultsrw and advi¢eoTh riv¢Trrelated mattcr5 ande4LvÈronmen¢al ¢d￿￿10n 2022123 was the Ftrst financial yearfree from Covid r&8trictions, which for an organisation predOmi[￿￿lY based on f8ce-tO-face acttvities, had ts]￿lfiC￿nt Impact on our or8onisatiorL Sc]K)ts15 plan their ctirriculum a year in advanc4 80 we had aDti¢ip8ted asiow start with advertisin8 our presence a priority. We had made ￿lOW4￿CeS for thus in our budget bllt we were sutpris¢d to ste a healthy interest in taking part irl our 8w2vities. Interest continued to gTOW throughoui the year. which not olljy ￿lOwed us to fvjfjl our aims of en88WE people with the Thamtt% bul 8av¢ 5¢hools a m￿￿-needed opEx)rtunityto rtrenKtge with Ihc outdoors. a5 w¢ll a3 stsb1lis￿S ourffinances. Ftsxdiug Thank5 to the fjlnding w¢ received over th¢ pandemi¢ period wc w¢re irt a 8ood position to rttume our ￿tiVitie& Grart8 had lowed usto securethe ch￿ty,$ position through atsumberof meat%8.' Main￿ining0W reserv&s Dev¢lopmetLt of new PTO8rwnmes Development of nBW P8rtn¢rships Development of new fore$ho￿S to deliverouT Outdoorteaching De¥elopment pnd production of ncwt¢a¢knn8 equipro¢nt as well as refr¢shing outda*d equlpment An advertisin8 bud8elto reAch ourt3r8et audience Rdenlton ofskilled office steff ls well as rnany of otsr3killed free￿￿telS Recruibnettt 8t￿ training of new sta£r Providing grant subsidies for schoots iyho were sttll $￿g￿lng￿n1rtGl8l]Y

THE THAMES EXPLORER TRUST TRUSTEES, REPORT aNCLUDtNG DIRECTORS, REPORJ) (CONTINUED) FOR fFrE YEAR ENDED 31 MARCH2023 Staff ThroughLlUt the p8rtd¢mi¢ pwiod we had M￿aged lo rets2n our three office 5tsff, esseDti81 for promotin& administ¢ring and in som¢ ¢ayes delivering our leami[￿ PJY)8rammek Addition8ilyJ lye tnatw to retsin most of otsr frc¢laftce tea]n with the excepiion of a t¢ach¢rs who had mTrv¢d out of knndDn. As the year pro8ressed, we ivere able to offer our t¢￿h￿S more work However. sevcrai of thc otganisalion5 who fortn part of our fr￿l￿ce teAthers' networi were forted to close. Consequenr]y. some mellLkr5 of staff l¢ft to seek b￿l-ll￿¢ employJncnL In ￿$poOSe we launthed a Fe¢Mittll¢ni drive. and Inanag￿ th seu]re Six new. skilled 8nd cnthusi&sti¢ teathcr5. These twv iea¢heES not only fi21fi11ed our exi5titLg needs bu¢ op¢ned up new pDssibiliiies for delLv¢rin8 leamin8 progrJmme$ for us. Itl light of the finallci￿ ¢limate, we anticip8te tha¢ re￿￿Ort will b¢ chailen8iD8 forthe next few y¢ars and aitn to have a regular I¢￿lUnertt revi¢w atthe b¢gitUJiD8 ofth¢ yur. in$urgn¢e poll Griffith ar￿ Arniour once Bgain supplied us with a cothp¢titiv¢ quote for the year ￿lOWing u$ ty wntitiue worknng norm￿lY whBrevertheepportunity arose. rr support FuDding covered th¢ daily matntÈD#nc¢ cost of our ￿Mputer and data backup sy5tan. This i5 ongoln8 unavoidable cosi which És vitaj to k¢¢pouro8anisation rynnin Partner5itss Thames Explorer reliES on Sever￿ parthers to PTovid2 teaching r¢y)m$ across the ti¢Jai Thame5 in London. The has off¢¢ted almost 311 orggjjisatiots which we WOTk with, althots8h some proved more resilient than oth¢rs. The MwEum of London. a long-standing partner with superb leathing rooms, hxd t8ken the decision to reJo¢ate. This cJ05urc had the kno¢k-on ¢ffeci of prohibiting us from using rooms & th¢ MusethJ] of London Docklands. a]so a long-standing Partn￿. The London Mu8eum of Wat¢r and Stesm IBTenrford) with its hiS￿riC settin& was unable to open for rnorc than a few days a this year which has preveE)icd us from gelling backto norn)ai £apacity. W¢ arehowever very grateful for the limited use we were offered. Happily. other sites remin¢d rejarivejy un8ffe¢lcd by the pandemi4 including.. The Pser Hou8< Fu]hHm Pda¢4 Old Roya] Nav8J Coll¢gc. TrafalEar Rowing Club, and Hennitage Moorlngs.Additior￿I]y. th8nk5 to fvndinE we w¢rc able to d¢ve]op new parth¢rship4 including Linden Hotsse {HaMme￿￿1th) with a possKble strong parthership in the toming year With Hogtrth's H(y55¢ Ichiswick). This coming year will see us search for prospective pathers in central attd Fast London. Ple&se Je¢ b¢low for a full list of our part[￿hips. AcTIv￿lEs DURING THE YEARAPRIL1022 TO MRCH 2023 SehooL%> programm AS the yw wo8ressed, w¢ were able 10 s¢¢ th¢ conti1￿ WKi in some e¥e5 incrwed intu¢st itt le4min8 about the Ri Thatn¢5 and its relatiothip with the ¢nvironmcnt through (w Rivets and EnviroJJmentaJ Issues la key stsgt 21 pmgTgmm¢. Thi$ eith¢r be h&lf or fjjll day a[￿ wa5 hisioricaily P>p￿9￿ but bun¢ mort w thiq ye4r. We 8r¢ unsure why¥ but il mèy b¢ that people wpnted to experienc¢ the natll￿ environment after such a long Period of disconnertio￿ There ￿s0 a steRty 8tre4m of ¥chools exprt%$irJg an irtcrest in our for¢shor¢ archaeolo&v prowTnes, however. rnost of the interest in this ar¢a came from adults and f8milie5. Afier th¢ pandemic we were able Lo trgoslate another kcy pro8Tamme, JnvesiigatiD8 th¢ Thajnes (kndiilon￿lY run in London). to west IAJnthn. Thi5 has ￿TeadY proved wjwior, 8nd we tre looking kn exp4nd Éi 10 other sittts. All in all. this hL% been a vtty taithy startto a tent81iveyeBr. PLAfundinE PLA g¢n¢rously fimd#l our Fopul4r outreach prornme for amother year. This partncthp has been ru[￿Ing su¢ce5sfiJJly for a nvmb¢r of years. Th¢ prO￿8M1￿C itself tcach¢$ key sta8e tt¥o pupils a￿ul world Irth, the mle the Th8m¢s has played in ]ntkiDg London a major city, rivers in genBraJ1&s well as theTh8me81. 2nd aknu¢ th¢ work of the PLA in keeping t￿ Thames t￿lIng. D¢mand for this progrdmme irt pr¢vious years h¥ outstrspped supply. and lye ore looking forword to resumiThgffiJJl capxity ddivery witbinthey¢aT. Ku5llma futsdiDg KusLuna hL8 agreed to fiujd us for n¢xt yur, 8eLr•￿lY svbsidisittK k¢y stsge 2 trips for 8ehDoJs ¢XperIL￿¢L[l￿ fm4ncial hardsiip. FIn2ncl￿ hardship can happen through l¥k of available fi¥Jds cither in the school OT through the PÈTeDts of the attending pupil& A5 thts h&8 pn)v¢d to ￿ a ]noK common Occurren￿ in today's financial ¢limate this 15 P8Jticularly ys¢fi¥l. Kuswna have 88r¢¢d to tund not only the trip but also cot¢h hi￿ which Gon k a majoT ¢xpcnsc for any 5ch0ol CEtditiOJL We l¢)ok forwaTd to w¢lcoming a new audience who may ry¢V￿ have had the Cha￿ to have visit or have eve ecn thtThameo b¢for

THE THAMES EXPLORER TRUST TRUSTEES, REPORT (INCLUDING DJIlE￿ORs, iiEPORD (CONfINUED) FOR THE YE4R ENDED 31 h£4RCH2023 Aduh Il•mlly L*rniDg Vjsits to the Fore5howt Scheduled adult and fEmily Icarnin8 PTogr&mmes dlcd the F(￿￿tstepS of Mudlatks" have be￿me incre&%lngly p)puiar ilk the last ¢i8hi ye4Js. Participants come frotn aIl wrners of the 8lobE, gnd from m8rty backBround4 to leam alx)ut the Thames, th¢ history oltondo￿ th¢ si￿l£¢an¢t of th¢ art¢facts thty the moTrl and legal 3spxts of those artefvGts Bnd sofety on the foreshore. We havc striven hard to wrt ￿rosS our etlutai polioj of non-remtsv4J of artefacts from the for¢5hore and during the year met with the Thames I)iwv¢ry Project with the jim of encour&gin8 thcm to adopt t1￿$ p)li¢y. We plants) fijrthtr deve]op thi$ policy by ¢ttatitLg our own r¢eoTrliTr8 procE55, enabling w 5iguificant fmd8 to bE Tcwrdtd by us, and reported by thc finthrto the PortableAnttquities Sch¢m& Wethsnk ail our pHrtiG2Fqnts for 8dhetittgto thi5 policy. Surplus frotrj thEs¢ Wtiviti go&8 inio the day-t4)4ay runtting of the chartty. FINANCIALREVIEW During the peri(Kl. we rt¢eived a totsl inwmc of £229.945 120U.. £185.808I Totsl cxpemditure of the th PTO8Tgmmes atLd fillKi wsing activities amounted lo £188268 12022.. £168,010. The net incortte f¢r the was £39,025 (2022: £20.837) thr net gains inv¢5tmu￿ Ttst￿ filljds totall¢d £151371 at 31 ma￿tI2023 (2022: £113 J46). RtteryesPollry It is th¢ wlicy of the Gtwity that uttrestricted fi]nd5 which have not bE¢n designwed for aspeclfic use should be mgint&ined at level equivalejjt 10 betw¢¢n three- and six-rnonlh's expendittste. Th¢ trustees ¢onsiderthat rc5erve5 at this level will ensuretha¢ in the event of a siDific4nt drop in funditw they will be able to ¢ontinue the ¢baTity's ¢¥r￿nt ￿tIVIti&l while consid¥r8tion is given to i¥ay$ in whi¢J) additional fut￿ may be ￿iSed nus level of reserves Iw b¢cn M￿￿te1ned thrpughout th¢ y￿. The twstetts have asge55ed the mèior risk5 to which the thority is exposed 8nd art Satk4fied that systems are in plact to mÉts8ate exp)sure to th¢maiorrisk& srRUCTURX, GOVERNANCEAND MANAGEME￿￿ The thllrity is a company limited by guarantee a[￿ govtmed by the mernorandum of 8rti¢lts of Lssociatton. It is 8]so Te8ister with thechwity Commi83iofL The mtstees. who are 8150the directots for the puryose of comr￿nY LHW. The truste4 who ar¢ ￿s0 the diYector5 for the puyrrf15r of company law. d wly) S￿￿ed duritig the year up to th¢ (late of ssgnabJTeofthefinanciai statetyxettts w Valerie Bott Duv¢ Brown M8rlene John>)n Jwjet Peek Jame5 Wisdom Michael Woodmore Th¢ Trust endeavouTS to reiaitt Its Trustees amd Ihereby bring Stability to the organi¥ation. N¢w T￿￿te¢S are aPPDillted by thB t()ard &% when the L￿d arises and are recrt3iled through adv¢rti5ement. The IK)ard follow5 an interriew and review PTooe¥ where e4ndidaies ￿¢ assessed for usthl skill sets and appD)nt￿ accordingty. None Of th¢TNste¢s ht¥ any benefJ¢igJ interest in the wmpany. All of the Trustets aT¢ members of the wmpoDy and guara to Contri￿1¢ £1 in the evertt of a winding up.

THE THAMES EXPLORER TRUST

TRUSTEES' REPORT (INCLUDING DmECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

The Board ofTn.,stees has delegated the day to day running to the Trust Director and his team.

Staff Simon Clarke, Trust Director Heather Hyams, Trust Administrator/ Acting Manager Sam Mills, Project Managerffrust Officer Freelance Teachers Alice Dawes Andy Hawkins Brenna Boyle Christine Webb Elaine Standish Gemma Hindi Jess Rosenfield Jo-Anne Sunderland Bowe Kate Ca,seley Klementyna Pomazanska Laura Shawyer Louisa Roscoe Marilyn Greene Monica Steinharter Navindh Baburam Neil Clarke Vanessa Bunton

The trustees' report was approved by the Board of Trustees.

James Wisdom Chairman Date: 12.12.23

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E THAMES EXPLORER TRUST INDEPENDE￿ EXAMINER'S REPOI TO THE TRUSTEES OFTHE THAMES EXPLORER TRusr Rospoll¥ibilities A•d buil of Teport As the tnwes of the charity (attd 8J$D Its dweetors for the Of compw law) you &e RyJnNbLe frf the pr¢por8tionof the fitthn¢id stst￿n¢￿ts itl with the tequir¢ments of thr Compui¢sArt2￿6{the2((fjAUN Act attd are eliKtble fv i)yJe￿ exniMiifrt4 I reNJrt itt rewa of my examinion of the chwity's finvj

tsteLttertts tarri￿ seLXion 145 of th¢ Clwili<8 Aa 2011 (tht 2011 Ad). In c8nyitig out my exaMin￿n I hav¢

folb)w￿ all th¢ Nppli¢hDirtdion5 wffjby th¢ awity c￿n￿lS510n g¢¢¢ion 1451SXi)) ofthe 2011 ACL IbdeptndeDt eLqmlDtr'# It•temeDt I hNve completed my ¢xuminotiorL l onfLrnI no rnatt¢rs hav¢ ¢om¢ to my w¢ntlon In cont￿li￿ti with the giving m¢ c•uJ¢to Wievethat in qny Mllthri￿ reJpecL' xcountiJ)B rttords wue rhji kept in respect ofthech¥ity asTe4wuedby sxlionJ86oftkX&SK' ot the fin4nBial r¥)la￿rd with tt¥M¢ re¢tyd&' or the fi￿￿18] atemtt)ts r¥)L compty with the rti4llirwnents of #ttaion 396 of thc 2C#J6 A¢t oth¢r y T4uir¢m¢nt th•t th¢ ¥tOUDts giv¢ 4 tsue $￿1 fair view which Is Mt a matter co￿ldered u wl of an the fuw¢iai sty¢ments have rtot beth prep8red In aceordartce wsth the metkndB and principles of ¢he Stst¢m¢n¢ of R￿Tr￿¢￿ded Pra#ic¢ for accounting and reporting by charitie5 applicHble to GILaritie$ przpaTillg their aceounts ID rdanc¢ with thi FIrW￿l11 RepDrting sI￿d1rd ippli¢abk intheUK •nd Republl¢of Jth (FRS 102 I hAv¢ no w[￿¢m5 and h&ve come aeross no ether motters in Cor￿teti0rt with the examinuion to which *rfion sknuld b¢ Lts8wn in thi5 W its ord¥ to ethle the fits&￿1&i swemeats tobe rexhuL knie leFCA ICAEW PKA￿All LLP I Parklhot Rl¢hmoTrJ rw9 2BD

THE THAMES EXPLORER TRUST STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITifRE AccouNr FOR THE FEAR ENDED 31 h£4RCH2023 T•tsi Uort4tridd Restritttd fMlld¥ futsdi 1022 2021 f¥Ddi 2023 tMnd5 2023 2023 2022 Not Voluntsry inco0¢ CharitabJex¢ivili¢s Inv¥trThents 130 170,896 919 51.1 58,130 170,896 919 3.654 108.208 1.049 72,897 7A551 108.208 1.049 Totsl im¢om¢ 171.945 Sloc 229,945 71897 185,808 Costof thitsbl¢ xtiviti¢5 156J75 31.893 181268 85321 81795 168.016 Nei gaitul{ios8eal on (1652) 652) 3N5 3.045 Gr058transf¢rn betsvttn fiJn& Not movement l# knds 42J)7 73242 (425OT) (52.405) 12.918 26.107 39.￿5 20.837 bfiJane¢s #t l April 2022 95,090 18.256 113,346 21.848 70,661 92.509 2023 IO8.rJ 44J63 152J71 95.IMI 18256 113,346 Th¢ stst¢[n￿I offio8ry¢id ¥ttvities ittclles all Rains aTrJ 1058es recfjgni￿ iThtsyev. The 518lement of firwwiaj ￿lIVIti<l •Jw e•mpJies with the requir¢m•)ts for all Iti￿e •rd urth the ¢L￿panIeSA￿ 2006.

THE THAMES EXPLORER TRUST

T BALANCE SHE AS AT 31 MARCH 2023

		2023		2022
	Note	£	£	£	£
Fixed assets
Tagible assets	11		3,788		4,404
Current assets
Debtors	'	71,017		22,745
Investents	13	75,280		56,742
Cash at bank and in hand		60,144		59,188
		206,441		138,675
Creditor: amounts flling due within one
year	14	(57,858)		(29,733)
Net current assets			148,583		108,942
Total assets less current liabilities			152,371		113,346
			---		---
Income funds
Restricted fnds	16		44,363		18,256
Unresticted fnds			108,008		95,090
			152,371		l l3,346
			---		---

The company is entitled to the exemption from the audit requirement contained in section 477 of the.Companies Act 2006, for the year ended 31 March'2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the-Trustees on 12.12.23

~~James W~~ isdom Trustee

Company registration number 02396145

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THE THAMES EXPLORER TRUST NOTES TO THE FINANCIAL STATEMEY4TS FOR THE YE4R EIYDED 31 h14RCH2023 A¢coLDtiai polltks Ch#rlty Th¢Thames ExploTerTru5L a private wmpany limited by Eugnntce incorporntcd in En8latsA ayjd Wai￿. Thg ￿e￿stered cfJce is The Pier Hou$4 ConKy Reach Way. Chisivick, LondoJL W4 2UG. The ¢h8rity me¢ts th¢ definitsonof apubli¢ bcn¢frt entity uEyJer FRS 102. The financi￿ staiuKents have been pr¢paTed in a¢cord8rtee with the Companies Act 2006 and A¢cout%ting ènd Reporting by Charities: Smement of R¢Gomfftend¢d PMctiED4ial Activities (SOFA) when ￿e1Vabl Th¢ vzjue of $ervices provided by volut)teeLY has ftot been inclu&& Lt) Jno)MLrtgT￿0urcCS from schoJl visits and 5alcof materi8] Thes¢ aT¢ incjuded in SOFAwh¢n retttvabl& iii) Investment incom¢ Thtse are in¢lUd￿ in SOFAwhen receivoblc. LV) Gr¥J)t Ineome Grant income 1$ TXO￿listd when the ¢haTity 15 Icgaily entltled 10 it aftcr any t*rfotwatLce condith)tis hav¢ tttrf th¢ amouttts tatL be m¢asuredreiiably. And it l5 pmbablethat ittti)n¢will be receiv¢

THE THAMES EXPLORER TRUST NOTES TO THK FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 hlARCH2023 (C••tIM￿) IJ Eypeudit￿t EXp￿dI￿J[e isYeeo8nis•l McetPtte 18 & le8al ortc￿1r￿¢iVÈ0b[I8titIrjn to ttwJsfrr¢¢wmiB bcn¢fiLto athird rArty, It 1$ probable that a transfer of ethnomlc bt￿Nts will be in settlem¢nL th¢ arnouDt of th¢ obliytion can rneawr￿ re]iably. Bxp¢nditUT¢ is ¢la55ifLed by activity. The t05ts of each a￿lyity &re made up of the totsl of direct costs and $haTed eo including suptM)rt costs involvd in undertaklng each activity. Direct o)sts a¢trlbu¢abl¢ ￿ 4 sirtEl¢ •divity or¢ 3lioed directly lo th& activity. ShAred costs which t1)ntri￿re to more thDTh one activty and Juppjrt costs which are Trjt •llrlbu¢8bl¢ to a 5ingic ￿tIvIty aw¢ apportioned ktween th08t xtivities on a b￿lS consistent with of rwutt Ccnty415taff w5ts are ￿lOCated on the of tlme sp￿¢ 8t¥J dep￿IllIon all(￿￿ed on the PXtiLM ofthe ¢tivity. IA Tiibl¢ r￿ed as8 T•n8ible frKed Initi￿lY mesurtd •t WSt •hd 5uiwutAiy me&%utrA at cmt or Valuatio￿ net of depTecithon tkpreciaiion i reco￿￿1 to WTlt¢off the ¢oJt or vthw¢ionof aJs¢ts lesJtheiT ruidu•S vdu¢s OV￿￿￿1T liv¢s on th¢ following ba5f5'. Plarbt and equipmeni FSsh t•)k 25%wJuthn8 b8Jance IAsis 25% r¢du¢ing ￿anC tq5iS 1.7 ITh￿1r￿t of sKts At eAth rEFKITting a d< thr ¢hwity mitw$ the carrying amounf5 of its tHnKible tssets to ¢ktemJin¢ whether there is ithJitAtK)rt that •$5ets hlve suffertd an impBitrncnt10s& If any suth indictttioth exSsts. the rtcoverable amount of 1$ ¢stithated inord¢r ￿ d¢t¢miin¢ tho ¢xt¢n¢ of the lmpirnientlo￿ Of w). IA CA$h And u8h equlvghnts C&*h and ttth equivajents include e•sh Ih W. de￿Ilt$ held * tall with b liwd iJMstments wlthorigln8] matijrities of thrte mond or leu. IJ FIMath¢ll Thr thvffity h•s eled￿ to ¥ply the proYi¥ioThs of Scdion il 'B&¥ic F1nffj¢l￿ InMrw¢th' Stttkn 12 '(thr Fin￿¢1￿1 InU￿ Issjts. of FRS 102 lo of ity ftnanCI￿ inDJ Dviwn3ofth¢ Fi[w￿l•l #nd liabilitiu NTC offs< with nrt Nmounts w¢s￿t¢d in th¢ finNn¢1￿ styitmthts. whett there i8 a I￿lY ¢nfor¢thl¢ rsghtto s¢t off th¢ re<*8niKd •Jnounts and th¢r¢ 15 an ittsntion to arttl•on all￿ btsslsor ￿ real￿the •SSrt #to $ett]a the lid)ility Sim￿1¢1)￿0V5Iy. Basi¢ finanG2ai a55cts, whi¢h I￿]￿de d¢btDTS Ind rath bHnk bJl8DC4 41¢ initiw me•Mttd price i￿ludIng1r0t1$aC¢1On eost&

THE THAMES EXPLORER TRUST NOTES TO THE FINANCIAL STATEMEIYTS (CONTINUED) FOR THE YE4R EIVDED 31 h£4RCH2023 AecountitiE policiis {Continuedl Btsic financial liabiliiies. uJ¢ludin8 cr¢diroTS ar¢ llJitia]ly reCogni￿d at lyans2etiOD price. Trwje creditors are obligations to pay for 8￿&5 OT scrviccs that have ￿[1 acquired i* thr ordinwy cours¢ of oper21iofts from suppJiers.Arnounts payable ate ejwified as cwrent liabiliti¢S if payment i¥ du¢ within ojjeyearor I￿5. 1.10 Employee benefits The COSLof any unused holiday entitlcment 1$ Tec¥)8Di5ed in the perlod in which the ¢mployte's services received. Tennination benefits w¢ reco￿ls¢d llnmedi4trIy as exptnse when th¢ chaTity 15 d¢mo￿trablY rommitted to tenninat¢ the employment of an employee orto provide ierminètlon b¢ncfi 1.11 Retir¢meDt btttofits PaY￿Kn[SI0 dcfined Contribution rrfiruLent benefit$th¢m¢8 as expe]]$F as tly fail dtjtt.

TUE THAMES EXPLORER TRUST NOTESTOThE FllNANCIALStATrtMENTS ICOIfflNVED) FOR THE TrEAA ENJJED31MAROJ2023 fvn r¥nth hqds 2011 JJ 3.651 *654 n89? Ji.th) 197 J30 siotyj siJ30 3.6M 197 7CSSI

THE THAMES EXPLORER TRUST NOTES TO THE FINANCIAL STATEMEY4TS {cONTIr￿D) FOR THE YEAR ENDED 31 MARCH2023 Ch&ritllblt activities 1023 2022 S¢hty)I y￿lts, footsteps ot mutharks andprivak parties 170,896 101208 lllYLstmeDts UDftstrÉC￿a UDrnStrlthd d$ runds 2023 2022 Intcre5¢ and diVida￿ rttcived 892 27 1,049 In￿reSt receivable 919 1.049 12-

THE THAMES EXPLORER TRUST NOTES TO THE FINANCIAL STATEMENTS (coiYfINUED) FOR THE YE4R ENDED 31 MARCH2023 C•st of thritabl¢ •etiwitltB 202J 21U2 S18ff costs Depreciation arv] impairment S¢hrKJl visits Otrjce suppliE5 InsuTancc Rent m1sce118ll￿ts5 Freela￿¢ project stsff eo¥ts Bad debt Web Costs Advertjsing 87.129 .262 38.922 3,918 1.862 3.200 5.457 27.267 71.153 1,467 18.582 5.187 1,392 3,394 3.652 19,481 220 io.no 676 5,542 461 175.020 135,924 Shar¢of support cr&sts {5e¢note61 Shoreof 8ov¢rrwLce costs Istt 61 2.196 11.052 24,472 7.620 188268 168,016 Aknatysis by Tund 156,375 31.893 85,221 82,795 Ke5trictcd ftmds 188,268 168.016 Support<osts Svpport ¢•$ts G•vernuce ¢osts 2023 Support ¢05ts Govtr#iiDt 202Z Bank charges Consultancy fee5 FrttlBnce workers Ac¢ountan¢y fees 1.899 1,899 1,133 92 20.499 2.748 1,133 92 20,499 10.368 297 297 11,052 11,052 7,620 2.196 11,052 13.248 24,472 7.620 32,OY2 An81ysed IxLwe¢D Charitsblc activities 2,196 11,052 13,248 24,472 7,620 32.092 (Iovcrnw w5rs includ&8 payments to th¢ independertt exBminET of £3.00012022. £3.(X)O} ftsT th¢iT fee5. 13_

THE THAMES EXPLORER TRUST NOTES TO TIIE FINANCIAL STATETrtEIYfS {CONTINUED) FOR THE YEAR E]VDED 31 JURCH2023 Tru¥t¢e5 Non¢ of the trustees (OT amy penoJJ$ ronn￿red with thettL) ￿¢t1Ved arty r¢muneTrtioJJ or bEnefits from the chartty during theycar. Emplr+yees The average monthty Trumber ofcmp10ye￿ duringth¢ yvr was: 2023 Nurnbtr 2022 Numbtr Adnyni5traTion EmployTh¢nt ¢oBts 2023 2022 Wages and saiati&8 Social security ￿sts Other pension costs K2,242 3,000 1,887 67.815 1.616 ,129 No sraff weT¢ muneratsj ov¢r£60.000. Net yinsl(kn5545) 011 Itswtslmtllts UDMtricted Unreslricied fullds fjJrtd$ 2023 2022 Movcrn¢¥st in the vaiuationof investsnet 12.652) 3,045 10 TtsxAtio The ch8rity 15 ¢xcmpt from tsx on income and 83ins ￿11118 within sectiou 505 of the TAK¢5 Act 1988 or Jcctiots 252 of theT&xatiODtsf Chargeable GaillsAa 1992 to the ¢xt¢nt that thK¢ are appjied to its ¢haritsbl¢ objeeL 14-

THE THAMES EXPLORER TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 HL4RCH2023 Pl#nt and ¢quipm¢Dt $b taDk Comp¥t•r¥ Totsl Cost At l April 2022 Addition5 6.474 647 7,602 7,074 31,150 647 At31 March 2023 7,121 17,602 7.074 31.797 D¢pretlAtlo& And tmpilrmtnt At l April 2022 Depretiaiion dJar8ed irttheyeaT A440 170 17,212 97 3,095 995 26.747 1,262 A¢ 31 M￿h 2023 6.610 17J09 4.090 28,009 Carrying arnount At 31 March 2023 293 2,984 3.788 At 31 M8rch 2022 35 390 3.979 4,404 11 Debtors 2023 2022 Amounts f*lllng dut wlthlN one yur. Trad¢ dcbtors Other debtors Prepayments and aetn￿ inwme 33.525 3&(K)O 1.492 14,510 3.670 4.565 71.017 22.745 13 CTArrtnt 488et Investments 2023 2022 Unlisted investments 75.280 56,742 14 Crnlitor5: afAoiiAts falling due wlthim y¢4r 2023 2022 N•t¢ Othtr tsxalion social 3¢¢urity Deferred incortte TAde creditors O¢hvT ¢reditQTa AccT51￿S 1,602 38.850 3,454 5,552 8,400 Is l&ll5 4,234 8.400 57,85B 29.733 15-

THE THAMES EXPLORER TRUST NOTES TO THE FINANCIAL STATEMENTS (Co￿[iNUED} FOR rirE IE4R ENDED 31 K4RCH2023 15 Dtferred 2023 2022 Arising fiDm school visits grants T¢ttived in advance 38.850 18-

THE THAMES EXPLORER Txusr NOTLSTOTHE FINAP4aALSTATKMÉpifs (CONTINUED) FOR THE YE4R ENIIED3Jh£4RCH2023 16 MovEnontlnlur 1Awll20 PLAFxttt￿￿ N2 57.1 44J63 (21 1339) (Jmyi {J.4541 ety I1414 lJ2P (I,c*)J) Hcritsv ¢R¢wF 1.68¢ 16lQlS1 (411061 (51.19Jl ¥J

THE THAMES EXPLORER TRUST NOTES TO THE FINANCIAL STATEMEFITS (coiYfiNUED) FOR THE YEAR EJVDED 31 A£4RCH2023 17 Analysii of net#s$tts betw¢¢n funds U￿reStrICted d5 2023 Rtstrletsd fuud5 2023 Total UDr¢stricted Restricted fuud$ f4llds 2022 2022 Total 21R3 2022 Fund b4Jances at31 March 2023 represetjted by: Tgn8ibl¢ asset$ CurT¢tLi assctsl{liabs1itie¥l 3.788 104220 3,788 148,583 4.404 90,686 44.363 18.256 108.942 108,008 44,363 152.371 95.090 18.256 113.346 18 Re]8ttd pgrty tr9D￿dIOns Ther¢ wereno dlsclo$#bl¢ T¢]ated p3rty tratis￿ons dwithgthey¢Jr(2022- t￿￿¢1. 18_

12.12.23

PK Audit LLP

1 Parkshot Richmond Surrey TW9 2RD

Dear Sirs,

The following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience such as we consider necessary in connection with your independent examination of the charitable company’s financial statements for the year ended 31 March 2023. These enquiries have included inspection of supporting documentation where appropriate and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief. General

1. We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK) and that you do not express an audit opinion.

2. We confirm that the charitable company qualifies as small in accordance with the conditions set out in chapter 1 of part 15 of the Companies Act 2006.

3. We confirm that the charitable company was entitled to exemption under section 144 of the Charities Act 2011 the requirement to have its financial statements for the financial year ended 31 March 2023 audited. We also confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476 of the Companies Act 2006.

4. We have fulfilled our responsibilities as directors / trustees as set out in the terms of your engagement letter, under the Companies Act 2006 for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.

5. All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records.

6. All the accounting records have been made available to you for the purpose of your independent examination. We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.

7. The financial statements are free of material misstatements, including omissions.

Assets and liabilities

1. The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the charitable company’s assets, except for those that are disclosed in the notes to the financial statements.

2. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.

3. Registered Charity No 1010903 Company Limited by Guarantee No 2396145.

Registered Office: The Pier House, Corney Reach Way, Chiswick, London W4 2UG Tel: [phone] www.thames-explorer.org.uk

1. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements.

Accounting estimates

1. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.

Loans and arrangements

1. The charitable company has not granted any advances or credits to, or made guarantees on behalf of, directors other than those disclosed in the financial statements.

Legal claims

1. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.

Laws and regulations

1. We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements.

Related parties

1. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with legislative and accounting standards requirements.

Subsequent events

1. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.

Going concern

1. We believe that the charitable company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company’s needs. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the charitable company’s ability to continue as a going concern need to be made in the financial statements.

Grants and donations

1. All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

Yours faithfully,

James Wisdom

Signed on behalf of the board of directors