REGISTERED COMPANY NUMBER: 0239614S (England and Wale8) REGISTERED CHARITY NUMBER: 1010903 R•p•rt of th• Tru•l••• and Unaudltsd Fln#ncl#l Ststom•nt• for th• Year Endod 31 March 2025 lor Th• Th•m•• Explornr Tru•t llllllllN *AE1103NM• 2311212025 COMPANIES HOUSE #13 Freeman Caff Chartered Certrfied Accountants The Galehouse 2 Devonhurgt Ploce Healhfield Terrac Chlswlck London W4 4JD Tho Thame8 Explorgr Tntst Contents of the Financial Statement8 fortho Y*ar End¢d 31 M•rGh 202S Pag• R•f•r•nc• and •dmlnl•tr*tlv• d•lall• R•port ol th• tru•l•e• 2 to 8 Ind•p•ndont •xamln•rf• report St•t•mont of Ilnanclal a¢Uvltl•• Balanc• •hwt Not•s to th? financlal 8t•tem•nts 10 to 18 D•tsll•d 6tat•m•nt of flnanclal a¢Uvltl•• 17 Tho Thama9 explorer Tntst Ref•renco and Admlnl•tradvo Det•ll• for tho Yè•r Endod 31 M•r¢h 2025 Tru8t•e• James Wlsdom (Chairman) Mlchael Brlan Woodmore (Freaaurer) Val8rie 80tt Janel Peok Dave Brown Marfeno Johnson Victoria Bettesworth Jason Sandy Thomas Edwin Wllllams C¢xnpany ••cr•lary Simon L80 Cl8rt(e R•Bl•lornd offlc• Th8 Pier Hou88 Comey Reach Way Chi8wck London W4 2UG R•gl•t•r•d company numbor 02396145 (Englgnd and Wales) R•9i8t•r•d charfty numb•r 1010903 Indopend•nt •x•mln•r Freeman Carr Chartered Certified Ac£¢unl8nts Tha Gal8hou60 2 0•vonhurgt P18ca Heolhfield Terr8¢• Chi5wick London W4 4JD W•b811• ¥hVW.tham•8-explorer.org,uk Em•ll info thameMxplorer.org.uk Page I Tho ThaM88 Explornr TruGt R•port of tho Tru$t••• ft>r the Y•ar Endod 31 March 2025 The tru81•￿ aro also director6 ol Iho charlty for tho purpo6as of tho Compani66 Act 2008, present their rnport wtii thè flnanclal statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charitles.. Stalemenl of Recommended Pra¢tice applicable lo charilies preparing their a¢¢ounts in accordance Mth the Flnancial Reporting Slandard applicable in thè UK and Republic of Iroland {FRS 102) ok al riverside Settlemerrt. envlronmentsl impact, and 8vlden(* of p8$t human •divity Ihrough small-scalo arch8•ology, along8id• further •ludy of water quality via animal Ih. Hands on H18tory - un¢overing the slory ol settlement along the Thames through the 8mall art•fact8 lèft behlnd. wlth focus on four key hl8lorical pertods.. Roman, M¢di¢val, Tudor and Stuart. and Vidorian. examlnlng ACTOSS the year w8 welcomed more than 450 school groups, involving an esllmalad 14.CKIO pupi18. We are proud to faport thal, once a9aln. we oXPorionc•d no malor h•ollh and sofety Incident8. Malntalnlng 6uch a strong •alèty T0￿rd 1$ somethlng we lake extrernely seriously, and It feflects tho care and prolesslonalSsm of our èducatlon and operallonal teoms. Our partner5hlp wlth tho Goldon Salamander tharter boat contlnued to flourl8h. Boat trlp$ remalned very popular. wllh noliceablo increase In uplake from 5th0015 keen lo experience the river from Ihe water. Looking ahead, we intend lo expand our u86 of the partnershlp 8nd explore opportunitles lo WO￿ wlth addlllonal v663¢1$. allowlng U8 to further enhance the wgy8 pupils can an9age with 8nd study the Thames. Adult and F•mlty L•arnlng Vl•lts t• the For••hor• Our In Ihe Footsteps ol Mudlarks PfOgrammerlhrou9h whlch aduhs and famili86 explore lh• hl810ry ol the Th8me8 Vla th• small artefacts ravealad on tha lorashortrconlinued to attract Slrong Int•re8t. Particlpallon remalned 8leady among London ¥esidentJ and 8180 from visitors elwhere In the UK and intemationally. 0￿r tho yoar we conducted a i•ri•s of lor•shora $uNoys to Infomi th• dwlopment ol now learnlng oxperl•ne•¥ wllh additional links to London's hlslory. We 8180 began planning collabor8llve work with the Museum ol London Docklonds In support of their Secrets of the Thames exhlblllon which conlinues untl the sprlng 012026. W• conllnued lo focu• on maintaining clear slandafd$ ol safety. legal complian¢8 and dhical praclic• lo en•uro responslble experionce for partlclpants and to piolect the I0￿$hore'S herllage. As part of Ihl8. we conslBlentty prornoted our nonvremoval policy for arl•fad8 and encouraged all vl8itors lo follow this guldonce. This year we also r•ported several find$ of potential intere511o Ihe Portabl• Antiquitiès Scheme (PAS), uslng our now $lreÉmlin¢d Jy8t•m to moko th• r•eording pro￿58 easier for our leam. Partnor SlteslCla88room$ We are hugely gralefvl lo our parlner s￿e9 for Ihtlr conllnued ¥upport and cweratlon throughout the ye8r, We were pleased lo r•port that we have been suc¢os8ful in our aim lo keep our costs lo parti¢ipanl$ affordable throughout the year. Our partn•r 8itO•'. Chiswick Pier Trust Icpn- thls year we made the derysion to G1058 our aquarium in the Pler House whith has ser¥ed its purpose as an educational rosource for over 20 years. This is preparalbon for planngd change6 to thg accommodats'on and u$¢ ol the spaces in th& Piir Hou9e.- see also CPT fundlng bolow, London Museum of Waler and Sieam is a wel5 used facility by our sthools and romains a valuable teaching location. Page 3 The Tham08 Exploror Trust Report ol th• Tru•t ft)r the Year Ended 31 March 2025 ObJoCtlv•• ind •¢t1v￿•$ Hemiitage Moorings is now oslablist)ed a5 onè of indoor venutss used by schools. Th1$ $6te is located on one of tho most hlsiorically rich areas of the Thames foreshore, overfooklng Tower Bridge and pa$$ing Tiver traffi¢, provldes a fonts$tt¢ backdrop for leamlng. Th¢ Trnfalg•r Rowng Cenlre In Gre8￿Ch conllnues to be o w•lkus¢d and popular batye for our acllvlll•s throughoul the year. At the Old Roy81 Naval College (ORNC Greenwl¢hl. we were pleased lo mak• use of the leaching room5 once agaln. Th• facllltles were generou8ty provlded, allowlng u6 to SU8to4n $trong booklng numbws al what rtmalns our 8econd bu8108181to. Both Linden House and Hogarlh's House in West London have been busy with school bookings this year. We hava been able to offer ochool8 the opportunlty lo brin9 3 class•8 on tho 6ame doy lo Chlswiek by booking both the Pier Houm and Hogarth'8 Hou8•. Th• Gold•n Solamand•r, a chartar vossel with which w8 hav• parlnorod to s•cur• $ubstantially discounted r•lo$, has agaln proven 8 popular addition to our regular dassrooms. Lessons onboard tsko place behveèn Rlchmond and Hammersmlth, and It hgs offered schools a unlquè1è8mlng envlronment on the w8ler. P•rtngr •lt••: Chi8wick Pl¢r Tru•t London Museum of Waler and Steam Hogorth's Hou$• Linden Houje Hermltage Communlty Moorfng• Old Royal Naval College Trafalgar Rowing Centre Ttt8 Gold•n S8lam•ndof Frnelanc• Te•m We continue to benefit from the experlence and 6tabllity of our fr0elan￿ t8a¢hlng leom, Tumo¥er remaln8 low. vllh many leam members having worked vAth us for more Ihan a decade, conlrlbutlng signlflcanily 10 the conslstency and quality of our edu¢91ional dellvery. The 2024-25 year also saw Ihe addrtlon of $￿er81 new freefance teachers, all brlnglng strong 8kills and rol•vanl experience. In re$ponge lo ongolng and growing demand Irom xhoolo, we now recrull new Iréelaneè s18ff annualty each Sèptèmb•r, We are also planning 8 full team trabning day in the autumn letm of 2025, wth a partiGular lo¢u$ on heallh and safety vthen worklng on Ihe for&$hor•. Annual Insurnnce Pollcy #nd Health and Safety Griffith and Armour once again provided us with a competitive insurance quote for the yaar. enabling us to maintain 8ppropriale cover across all areas of our work. We •l$o ¢onlinued our suc￿$$fUl relalionshlp ￿th our Hèalth ond Safety consull8nts. Rhlno, ftow in the second yèar of thelr appoinlmenl. During th8 year Rhino ¢omple10d 8 roviaw of our worklng mtrlhods. offered recommendations lor refinement where needed. and continued to acl as our competent advisor8, en8uring our polic498 ond proGodures romain up to dale and robust. FUNDING FROM EXTERNAL SOURCES AND PARTNERS Kusuma Trust Funding Kusuma's funding enabled us to begin la>ing the foundalions for Salesfotce sollware dovelopment, This will help slfeamline our adminlslratlon proces8eJ and reduce some ol th• operallonal burdens we 18c8. Wo look foThvard to 8•eing Ihl$ prolect come to Iruilion In the near future. Port of London Authorlty Fundln9 Page 4 Tho Tham•8 Exploror Trust Report ol the Tru8tees for the Yur Ended 31 M8rch 2025 Obl•cllvu and 4¢llvltl The Port of Londtyn Authority (PLA) continued to provide funding for our oulr8a¢h programme. which remalns an important rtssour￿ for Schools Ihal are unablo to v1611 the foreshore due lo dlstanco or financlal con8tralni$. The PLA-fund8d outreach offer has become a welkestablished component of our educational provision. and we value the ongoing partnership and Support that onables this Wofk. Our team continued lo promole, s¢hedul• and deliver these sessions thrwhout tha year. en5urlng Ihal partldpatlng schools could make full use of the opportunllles avallable. During th• latt•r part of the y•ar, follo*ing a r•vl•w of fundlng priorities, 51 wa8 •gr••d that onfrlhird of tha PL4 grnnt should bg dlrected towards exploring new projects th* could broaden the scope of our work. Th1$ afiocatlon supported the dev8lopmor*l of 8evoral inluallvas.. - QR code safety plaques.. new ￿8qUeS Inytslled at key forashore access points to highlight polentlal hazar(Is and pmld& cl•or guidan￿ lor publ1¢ u$•rs. - Rovlsion of our oulreach rnaterials.. update810 Indude an expanded focu8 on thè blodlversity of the tidal Thame8. Boai-basad laamln9 devalopmont: initial work in PArtnor8hip wlth Tham•s Clipp•is to design an •dueational programmo dellvored alon9 th• Ildal Tham••. Chl•wlck Pl•r Tru•t (CPT) Fundlng Tho Plor House sile in ChlswlGk remains our mo$1 popular locatlon for l•amlng programmes. It features a spaclous hall. • dlveTSe foreshore that provldes an excellent leaming envlronmenl, and a unSque p5er lor Gonductlng rfv•r experbmenls. CPT has conllnued Its generou8 8UPPOrt with both room hire and offic6 rent $ub8ldios, which have b¢¢n Inslrnmenlal In en$uflng the continued 6uccess and growlh of our organi8ation. eoyond those in.kind Mntr4bul¢ons, CPT al80 provid9d direct funding for Soveral k•y Inltlallves Ihls ye•r= - Sub•ldie8 for schools In lh• London Borough of Hounslow. CPT ho1 been abh to offer up lo SO% funding for schools In this borough to enable Iham to coma lo experience Iha River Thames and ils onvironmenl for themselves. Thls Is extremely valuable •• many of the pupih have Ilttle inlarocllon wlth the river de$plt¢11 belng a ripAlan borough. Summor Progfamm• fof Hounslow Groups., CPT ran a Summer programm• ol actlvlli08 for elgm yothh groups. with Thames Explorer provldlng leaming mat•rlal8, activlty management and •xporionced $18ff to holp ladliiale a much-nfj•ded educ4llonal and recreatlonol eyperlgnce. The initlall¥• was warmly recelvèd by both the ehildren and the adults occomp8nyln9 them, Prlnclpal ri8k8 and uncertalntle• The Iruslees have a$sessod tho malor ri8k• to whlch lh• ch4rtty l• •xpo•ed and ar• sallslled that $y8lem8 ar• In plaGO 10 mlligale exposure lo the major risks. Thts Tru$lees diligenlty monitor the charivs activities to minimise risk by seeking 8peciali8ed adifjce on the management of th? chanV• fund• •om• ol whlch ar• m•n•g•d by CCLA an In¥••tm•nt firni th•1 8P•¢i8118• In th• m•n•g•m•nl of th•rlth8' fund8. Tho Slotement of Recommendo(I Pr8dce (SORP} 2019 requlres Tru818e8 to Qslabllsh a Iramework for Idenlfyln9 and responding to risk$. as well as a melhodology for risk management and repjrting. The risk8 ¢on$idered relate to the opefatlonal perltyfflan￿ of the charlty and the achlevom•nt of ils alms and obledlvo To Idenlify rglavaftl risk$ and ¥ppropri810 controls, th• lollowlng factorn w•ro coniid8rnd.' - The charfvs oblectlves and strategies - The nalur8 Bnd Scale of the ch#rity's a¢tlvhbes Exiemal legislation and regulations - The operating structure and pradlcxs of the charity By proactivety managing these risks, the charity aims to enhance ils resillen¢e. pmtect its aB8ets, and increa88 the likelihood of athieving its mission and objectiv•s. Tru•l•e• We are giatelul to our trusle8s for volunteeTing their tlme and experlise for Ihe 2024125 year. James Wisdom- Chalm)8n Mithael Wo0drno￿- Treasurer Page S Th• Tham•8 Explor•r Tiu•t Report of the Trustsos lor th• Ya8r End•d 31 M•rch 2025 Objoctlveo and a¢tlvltl•8 Val Bott- Honorary Secretary Jan Peek - Tru8t¢a Dave Brown- Tfustee Marton6 John80n- TfU61e• A¢hl•vemerrt8 and performance Each yoar we alm lo ¢onne¢l mofy peopla wtth the rtver through oui aGllvllie$. Wè continua to engage a wldo 8udi¢ft￿. Indudlng chlldren and adulis from London, across the UK, and an incTeaslng number of intemallonal visitors. In 202425, the number of groups visrting us remained broadly Stable. with mod88t Increases in Some areas desp'rte th& Challenging finanaal climate aftectlng many 8th0018 and partl¢lp8nl¥. Particlpallon In both fijlk and half-day prlmary and secondary school sesslons. as well as our adLblt leaming programme. continued at a consistent level. This stability is refleded in our finances. Although income from ¢h8rrtable activitie8 was significantly up on the proviou$ year - from £204,855 in 2024 10 £254.119 in 2025. rt was offgèt by 8n increase In costs and a small reductlon In our Inve$lment fund. Overall, we maint8Sned a solld finandal p05thon. Managing this level ol aclNlty placed addilional demands on our small office le8m. who worked hard lo en8urè smoolh admlni8lralion acr058 all programmes. We w&re 0180 pl•a￿d lo secure funding for thè de¥•lopm•nl ol SalesfoTC•, whith wlll be introduced nex1 year to support booklng managom•nl and fr•• $t•ff capacity for planning and n•w In111811ve$. Health and safety remalns a kgy priorlty, In 2024-25 we Continued to woth with Rhino Safety Lld. who supported us in revle*lng and updatlng proc•dures both In th• offic• and on tha lor•$hore, and In dev8loplng o worklng manual to Strengthen our practlceB lurther. Flnanclal T•vl•w R￿Or¥•0 poll¢y It 15 the policy ol tho eharity that unro$trt¢ted lund8 whlch hav• not b8•n do8lgnatèd lor a specfflc usè Should.￿ maintalned at a lev•1 equSvalont to b•fyYean thr?9 ond 8lx months, 0x￿ndIt￿re. The Irusl•e8 con8ld•r Ih8t fe$erve$ al Ihl$ lèvel VAII ensure Ihal. in the evenl of a Significant drop in fundin9, they wll be able lo continue Ihe charitys cufrenl ac11￿lIeS vthite con$lde¥allon l• gi¥•n to ways in Nthlch addillonal funds may be ral8ed. Thli lovel of r•8er¥e8 h•8 boon malntaln•d Ihroughoul the year. Durlng Ihg peTlod, we receiv•d a lolal Incom• of £264,541 12024.. 235.364). Total ￿pendItUre of th• runnlng ol the progr•mmes and fundralsing acliviti06 amounled lo £258,505 (2024.. £242.3721. The net incomo for the year was £1,169 (2024: £2,230) after n•1 Ilosses)Igaln8 on Investment. Tothl funds lotalled £155,770 at 31 M¥rGh 2025 (2024.. £154,801). Structurn, gOVorn•n¢• •nd manag•m?nt The ¢harlty 18 a company Ilmlted by guar8nl¢e and g¢)vemed.by tho mernor•ndum of 8rticlo8 of 0•8oclJllon. It 1$ o1•0 reglstered wlth the Charlty Commisslon. The IN¥lees are also the dlrector8 lor the purpo$& ol Company Law. Th• INJl••s Ytho 8•rv•d durln9 the y••r •nd up to lh• d•le ol •19n4luro of the flnan¢t418lat•ments •re mentlonod •bov•. Tha TfU8t endeavours lo relaln tt8 Tru8toe$ and ther•by bdng 6lablllly lo the organ1￿140n. New Tru81008 are appolnted by the board as and when the need arlses and are recruited through advert18emenl. The board follows an interyiew and reviaw process where candidates are assessed for useful Skill $el$ and appointod accordlngty.. Non• ol the Tru8lee$ has ony benefldal Inlere$l In th• company. All of th• Tru8ta08 are mernbori of the C￿MpanY and guarantee lo contdbule £1 in the event of a ￿ThndIng UP. The Board of Tru8t•e8 h8$ d•legat•d the day to day funnlng to the Tru￿ Dlredor and h1• 1•om. Approved by order ol the trf)ard ol trustees on 18 December 2025 ond ilgned ￿11¥ beh811 by.. James Wlsdom- Trustee Page 6 Ind•pondent Examln•V$ Report to thè Tru8tse8 of Th• Thamos Explor•r Trust Ind•p•nd•nt •xamln•rf• report lo tho trugt•88 01 Th• Th•m•8 Explor•r Tru•t ('th• CompanVI I report to the charity Iruslees on my examinalion of the accounts of the Company for the year ended 31 March 2025. R￿ponSibl11ti8ts Ar￿ basis of roport As the charivs Iruslees of the Company (and also ils directors for the purposes of company lawl you aw re8ponslble for th• preparallon of Ihe accounts In accordance wllh the Tequlrement$ of the Companles Act 2006 rthe 2006 ACVI. Havlng Satisfied mysell that the accounts of the Company are not required to be audited under Part 16 of the 21i06 Act and are eli9lble for Independenl examlnallon, I rèport in respect of my examinatlon of your ¢hariVs accounts as carried out under So¢lion 145 of the Chori1188 Acl 2011 Cthe 2011 Act'}- In ¢aTrylftg out my oxomlnatlon I ha¥• followed th• Dlro¢llon8 gNen by the Charity Commission under Se¢lion 145{5) Ibl of the 2011 Act. Ind¢pendent •xamin•e8 •tatemènt Since your ¢h•riVs gross income exceeded £250,000 your exomlner must be a member of a Ilsl¢d body. l Can confirm that I am qualified to undertake the examlnatlon b•cau8e l om a m•mbor of the A8￿¢18110n of Ch8rt•r•d C•rtifled Accounlonts, which is one of the listed bodies. I have complèièd my examinatlon. I confflrm that no matters have come to ry attonllon In connectlon wilh the ex8mln811on giving mo ¢aus0 lo b•li•v•-. accoUn￿n9 record9 were not kept In respect of tho Company as requlred by Sedlon 386 of the 2006 Act., or Ihe ae£ounl8 do not accord wlh IhoBe record8; or the accounts do not Comply with the acGounllng r•quiremonts of Seclion 396 of the 2006 Acl other than any requlremenl Ih•t the o¢counl$ glve • true and falr vlew whlch 18 nol • matter ¢onglder•d aB part ol an Independent examlnallon; or the accounts have not b8en prepared in a¢¢ofdan¢e with the m8lhods and prsneiple$ ol th• Slatemenl of Recommended Practlce lor a¢￿untIng and reportlng by charities (applicable to charities prèparing Ihelr accounts In accordance thrfth the Financiol Reportlng Standard appllcabb in tho UK and Ropubllc of Ireland (FRS 1021). I have no COn￿M8 and have com8 acJo88 no othor mattèrs In connectlon wllh the examlnalion lo whlch att8ntlon should bo drawn In th18 report In order to enable a propèl understanding of the accounts lo be reached. H8rde•p Virdeo, FCCA The A$$o¢ialion of Chartered Cortified Accountants Freeman Carr Chartered Cortifi•d Ac¢ounlanl• The Gatehouse 2 Oevonhurst Plac Healhfield Tefface Chlswlck London W4 4JD 18 D•cemb•r 202S Page 7 Tho Thamoo Exploror Trust Ststsment ol Flnanclol Actlvllles for th• Y•af End•d 31 March 2025 2025 Total lunds 2024 Total fvnd8 Unrestricted fvnd Restricted funds Note8 Income and andowm•nts from Donations and legacies 1,157 5.999 7.156 27.873 Charltabla actlvltle¥ Sthool vl8118. foot8leps of mudl•rk$ and prlv418 partle• 230,119 24,000 254,119 204.855 In¥eslment incom• 3,266 3,266 2.636 Total 234.542 29.999 264,641 235,384 ExPendI￿rn on Ch•rltablo actlvltleg &hool vlslts, footsteps of mudlark• and prlvqt• parties 211.329 47.178 258,505 242.372 et galn81(Ios508) on in¥e8tm8nts (4.887) (4,867) 9.238 NET INcoMeiiEXPENDITURE) 18,346 (17,177) 1,169 2,230 R•conGlll•tlon of fvnd• Totsl funds bfought forward 121,034 33,567 154,601 152,371 Total fund• G•rrl•d foThv•rd 139,360 16,390 156,770 154,601 Th? notès fomi part of these flnandal 8tatemenls Paye 8 The Thame8 Exploror Trust Bal•nc• 8he•t 31 March 2025 2025 -Total funds 2024 Total_ funds Unrè$trl¢ted- fund "Ro$lricted-"_"_ lunds Notes Fix•d a8uts Tangible assets 2.131 2,131 2,841 Currnnt 48••ts Debtors Inv8slmenls Cash al bank and In hand 68,129 104.801 60,760 88,129 104.801 75,746 44,170 109,518 67,777 14.986 233,890 14,986 248,676 221,485 C10dltorn Amounts fallng du8 wlthln one y•ar 10 (96,442) 1,405 (95,03n (69,705) N•t curront 48Wt• 137.248 16,391 153,639 151,760 Total a•••t• l••• aurr•nt Il•bllltl•• 139,379 16,391 156,770 154,801 NET ASSETS 139,379 16.391 155,770 154,601 Fund• Unrestricted funds Restricted fund8 12 139.379 18.391 121,034 33,567 Total fund• 1SS,770 154,801 Tho charilable company is enlided to ¢xomplion from audit under Section 477 of the Companies Act 20C6 for tha yaar ended 31 March 2025. Tho mombofs hav• not r•qulr•d lh• comF*Ony to obtaln an audll ol Its flnanclal 6tatomènts for the yo8r anded 31 March 2025 in accord8nce with Section 476 of the Companles Act 2006. Th• Iruol••s acknowledge thelr r•$ponsibilili8B for (a) onsunng that the charilabl• company k••p8 accounllng rgcords Ih•l comply wllh S•cllon8 386 and 387 of th• Componles Act 2006 and prep8ring financial slalemenls vthlch give a Iwe and falr view of th8 8tate of affairs of the charitable company as at the ond of each financial yg8r and of 11$ Surplus or deficil for each financlal year in a¢oxdanc8 with the requirements of Sections 394 and 395 and which otherwise comply wllh the requirements of the Companles Ad 2008 relating lo finan¢lal Jlaloments, ¥0 far as appllcable to Ihg charitable company. (b) These financial slalements hav• been pr•pared In aKordan¢e with the provision$ appllcablfr to charitable companles subject to the small companlfrs reglme. Th• financial statements were apw)v¢d by the Board of Trustees and oulhorised lor Issue on 18 D0￿Mber 2025 and ware Slgned on its bohall by.. QS4M- James Wisdom - Trustee The notes fom part ol Ihese finbnclal stsl¢menls Page 9 Tho Tham88 Explorer Trust Nots8 to tho Flnanclal Staternents for the Year end¢d 31 March 2025 -Accountlng-pollcl88 - B•616 ol pr•parSng the finan¢i418lat•m•nts The financial statement$ of ihe chanlable company, whlch Is a publlc bénoflt ontlty ￿der FRS 102, have been Prepared in accordance with the Char411eg SORP IFRS 102) 'Accounling and Reporting by Chartlies.. Slalement of Recommended Practice applicable lo charitie¥ preparing their accounts in accordance with the Financial Reportlng Standard applicable In Ihe UK and RePU￿1C of Ireland IFRS 102) (effoctlve 1 January 2019),, Financial Reportlng Standard 102 The Financial Reportlng Stsndard appllcable in the UK and Republic of Ireland and the Companies Act 2006. The financial 8tatemenls have been prep9red under the hlslorical cost convention. In¢om• All incom8 IJ r•¢opnised in th• Stalemant ol Financial Adlvllle• onc• th8 Charity has enlltlornonl to th• fund•, It 18 probable that lh• Ineome T￿11 be Tecelved and th• amount can b? measured r•llabty. expfjndl￿r• Liabililies are recognitsed a$ expenditure as soon as there is a legal or con8tructiv8 obligatlon rAmrnitting the charity lo that expenditure. it is probable that a Iron$fer of economic benefits will be required in selllement and the amount of th8 obllgBllon Can be m8a8urid reliably. Expendlliifo 18 accounted for on an awu818 bas16 and has been cla65ified undor headings thal aggregate all cost felaled to the calogory. Wheie costs ¢annot bo direclty attributed to parti¢ul8r headlng$ they havè been allocated lo a¢livifies on a basis consistent with tho us• of resourGe5. Tanglbla flx•d •v•ts D8weciatlon 1$ provided ot the following annual fale8 in order to wrlte off each asiel over 118 0stirnat•d uselul life. Plant and machlnory Fish tank Cornpuloi •qulpm•nt 25% on reducing balanc4 25V• on reduclng balance 25% on r•(iudng b4l•n¢• Tanglble fixed 888el8 are Inltlalfy meajured al ¢08t and 8ubsequenty measured at ¢o$t or valuouon, net of d•pr•¢lalion and any Impalrmenl1088e8. Th• gain or loss arf$lng on the dl8po¥al of an asJ•l 1$ delemin•d as the dlfferenco beh¥e¢n Iho Sale pro¢eeds and Ihe carrylng value ol th• a$•el, And l• r•cognl8•d In th• 8talemont of flnancl81 Acdvltle• . Impalm)•nl ol flx•d ••s•t8 At ••ch reportlng ènd dote, Iha charlty r•vlw8 tho ￿ryIng amount$ 01118 tanglblo aii•l$ ID determine ￿ether there 18 ony indlcalion Ihat those assels have suffered an Impalrmenl 108$. 11 any guch Indicalion exl81$, Ihe re&￿erable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) , Taxatlon The charlty 1$ exfrmpt from COr￿ratIon lax on Iti ¢h•rlt8bl• actlvltles. Pund ¥Gcountlng Unro8trlct•d funds b• used In a¢￿[dance wllh the charftabla oble¢tlve8 at Ihe dIsc[￿lOn of th• Irusloei. Restrlded fundg can only be used lor particular restricted purposes ￿￿thIn the objects of the charlty. Restrictlons arise when specifi￿ by the donor or when funds are ralsed for particular r8slii¢ted purposes. Further explanatlon of the nature and purpos8 of each fvnd is Induded In Ihe notes to the flnanclol slalernents. Penolon co8t8 and other pogt•rntlremont b•nellts Th8 charflable company operates a defined contrtbulion pension scheme. Conlribulions payable lo the charilablfr company'$ pension s¢heme ar• ch8rg¢d to the Statement Of Fln•ncial Adivitl•s in the p•rtod lo which they relate. Going conc•m Al the Ilm8 of approving the finan¢lal Stateme￿3, the trustee$ hove a rea80n8bb expectation that the Charity has adequale resouTces to continu8 in op&r8tlon81 existen￿ for the forèseeable future. Thus the trustees continue to adopt the going concarn baBi8 of accounling in proparing tho flnan¢ial slatsmonl$. Cash and cash oqulvalents Pag? 10 Th• Th•m•# Explor•r Tru•1 Nots8 to the FlnancSal Stst•ments - ¢ontlnuod for theY•ar End•d 31 March 2025 -A¢¢ountlng poll¢leo.- ¢ontinu•d Cash and Cash equivalenls indude cash in hand, deposits held at call with bank and other short-terni liquid Inve$lmenlg wllh origin81 maturltles of Ihree months or le$8 . Flnanclal in8trum¢nt8 Thè charlty has elected lo appty the provislon8 of Saclion 11 '8o•lc Flnandal Inslrumonls, ond Sedlon 12 '01h•r Financial Instruments lsyues, of FRS 102 to all of its financial instruments. Flnanclal inslrumenls are recognised in the charlV8 balanca Sheet vknon th8 charty becom88 paty to tho contiactU81 provisions of the instrument. Flnanclal assets and liabilltle$ are offset, wilh the nel omounts presented in the finandal statements, when Ihere Is a legally onfor¢eable right to sel t)ff Ih? recognised amounts end there is an intention lo sellle on a n¢t basis or lo re811￿ the a8sel and 88tt1• the liability $lmultaneou8ty. 8••lG fln•ncl•l ••Mts Basic financial as58ls. which indudo debtOTS and ca8h and bank balances. we initially m8awred at Iran8aGtlon prlco including Iransa¢tion costs . 8a8lc flnanclkl IlabSlltl8S Ba8lc financial liabilili•$, induding uedlloT• aro initlally r•¢ogni6Od at Ifan88¢tlon pth. Tr8dè cr•dllors are oblSgatloni to pay lor good$ or 8eThl¢eg that have been ocqulred In the ordlnary courna of opgratlons from $uppllar6. ArnounlB payablg are dag&lfifjd 4$ curt•nt llabl1iti￿ 11 payment18 duo vllhln ong year or less. Employ•J• b•nofft• The co$1 ol any unused holiday entillernenl is recognl8¢d In the p¢dod In which the employee's servlcets are reul¥•d. Temilnatlon beneffts ar? recogni$¢d Imm•dlately a$ an ¢xpense vthen the charlty Is demonstrably ¢omm6tt•d lo tormln•lo the employmenl of 8n employ•• or to provld8 lormlnatlon beneffts. Inv•atrn•nt Incom• 2025 2024 Int8r08t and dlvld•nd rocelved 3,288 2.838 of ¢h•rtl•bl• acllvltle• staff co81• Oeprecialion and Imp•lrmenl hool v181t6 Office 8upplit• Insuranca Rent Ml8ceMoneous Freelance projeci 4aff costs Web ¢o$t• Support C0$18 Governancx costs 94,427 710 62,936 9,788 1.858 4,872 18,269 44,815 2,742 13,049 7.041 88,747 69,781 4,503 2.146 4.163 7,985 42.403 10,255 1,903 9.540 258,505 242,372 The Independent ex8miner8 lees were £3.000 (2024.. £3.CQO) Page 11 Tho Tharnes Explornr Trust Noteg to the Flnoncl•l Ststoments- ¢ontlnued lor lh• Y••r Endod 31 March 1025 Not.InCofflellex￿ThdIl￿o) Net in¢omelloxp•nditur•) is statad after charginW(crediting>: 2025 2024 Deweciation- owned a88ets Other oporotlng lea8e8 710 4,872 4,163 Tru8t•08' remun•ration and b•n•ffts Theie were no tNsteès' remuneratim or olh•r bonefii¥ for the year •nded 31 March 2025 nor for the yoar •nded 31 March 2024. Tru8t••g' 6xp•n8 There w•r• no Iruotee•' expen6es pald for th• year endad 31 March 2025 nor lor th8 y•8r •nd•d 31 March 2024. Prfor y•ar eomparatlv•8 for th• st•tem•nt of flnan¢lal o¢tlvltl•• Unrestrlcted fund Re8lrtcted fund$ Totol fvnd6 In¢omo and ￿dOWments from Donallon$ ond legacie$ 3,492 24,381 27,873 Ch•rl¢•bl• •¢tl¥ltl•8 School vlslls. loot8teps of mudlark8 and private partie8 201,280 3,575 204.855 Inv••lmonl Income 2,638 2.638 Tot•1 207,408 27,956 235.364 Exp•ndlturn on Ch•rltable actSvltle• School vi6118. foolsleps of mudlarkl and privats Portles 203.620 38,752 242,372 N¢1 g•ln• on invastmenl8 9.238 9,238 NET INCOMEI(EXPENDITUREI 13,028 (10,798) 2.230 Roconclllatlon of fund• Tol•l fvnds brought forward 108,008 44,363 152,371 Total fund8 ¢•rrfod forniard 121,034 33,567 154.601 Page 12 Th• Thames Explorer Trust Not•8 to th• Flnanclal Statsm•nts - conllnu•d for tho Year Endod 31 March 2025 Tanglblo flxed assets Plant and machinery Cornputer equipm¢nl Fiih tank Totals Cogt At 1 April 2024 and 31 March 2025 7,121 17.602 7,074 31,797 D•pr•clatlon At 1 Aprll 2024 Charge lor year 6,738 17,382 4,836 559 28,956 710 At 31 March 2025 6.834 17,437 5,395 29,886 Net book v•lu• Al 31 March 2025 287 1,679 2.131 Al 31 March 2024 363 220 2.238 2,641 D•btor•: amounts f•llln9 du• wlthln on• y••r 2025 2024 Trad¢ debtors Othèr d•blors Prepayment8 81.397 4,770 1,962 42.208 1,962 68,129 44,170 Cumbnt a•#•t Invutm•nt• 2025 2024 Vnllit•d Inv•ilm•nt• 104,801 109,518 10. Cr•dltorn: amount8 lalling duo wlthSn ono y•ar 2025 2024 Bank loans 8nd overdraft8 (808 nolo 11) Trade credilofs Social securlty and other taxes Other ¢rgdilor8 A¢crua18 and def•rrod Income Ac¢wed expense¥ 1,790 1,521 8,092 77.234 8,400 1,988 1,738 6,549 50.190 8,400 95,037 69,705 11. Loan8 An analy$l• oflho M￿￿rity of loansls 9N•n b•low; 2025 2024 Amoun1$ falling duo within one year on démand.. Bank ov•rdrafl$ 842 Page 13 Th"e Thames Explorer Trust Note• to th• Flnanelal St•t•m•nts - ¢onllnu•d for the Y•ar Ended 31 March 2025 -12. Movement. In.fund8 ... Net movement in funds At 114r24 At 3113r25 Unr••trlct•d fvnds Ggneral fund 121.034 18,340 139.379 R•8trl¢tsd fund8 PLA Extén8lon Chiswick Pier Tru8t 8taff grant Kusuma Trust 11.250 4.700 17.617 (1,589) 2,010 (17.617) 9,681 8.710 33,587 (17,176) 18,391 TOTAL FUNDS 154,801 1,169 155,770 Net mo¥om•nl in fvnd•, Included In lh• abov• ar• a8 follow•; Incomlng ra8ourc•8 Resources expend•d Golns and losses Movement in fvnd8 Unrn8trlct•d fund• General fund 234.542 {211.330) <4,887) 18,345 R••trfcl•d lund• PLA Exlension Chiswlck Pler Trust staff grnnt Kusum8 Tru8t 23,999 (25,568) 2,010 (23,617) {1,569) 2,010 (17,61 n 6,000 29,999 (47,175) (17,178) TOTAL FUND8 264,541 {258,505) {4,867) 1,169 Comparntlv•8 for mov•m•nt In fund• Nel movement in funds Al 114r23 At 31rJr24 Unr••trl¢t•d fund• Goner81 fvnd 108.008 13.026 121,034 Ro•trlcted fund• PLA Exienslon Chlswick Plei TnJ81 staff grant Kusuma Trust 44,363 (33,113) 4,700 17,617 11,250 4,700 17,617 44.383 (10,796) 33,367 TOTAL FUNDS 152,371 2.230 154.601 Page 14. Tho Thames Explorer Trust Nots8 lo the Flnanelal Stllements - contlnutd for the Yoar End•d 31 March 2025 -Movern•nt In-fvnd$...contlnued_..-___-- Comparatlvo net movemonl in fvnd8. included in tho above aro as followa: Incoming rosourc•8 Rosour¢es oxpended Gains and Io88e6 Movement in fund8 Unro•trf¢tsd fund• General lund 207.408 1203,620) 9,238 13,028 R•8trlct•d lundo PLA Ex1ension Chi5wick Plar Tru818taff grant Kusuma TTUSt (33,114) {2,775) (2,863) {33.113) 4,700 17.617 7,475 20.480 27.956 (38,7521 (10,7961 TOTAL FUNDS 235.364 (242.3721 9.238 2,230 A currenl year 12 months and prtor year 12 months comblned po$ttlon 1$ as follow8: N•1 movement In funds Al 114123 At 3113125 Unro8lrt¢tod lund• Goneral fund 108.00 31,371 139,379 R•otrf¢ted lund8 PLA Exlen8ion Chlswi¢k PIOT Tru•l st8ff granl 44,363 (34.682> 6.710 9,881 e,710 44,363 (27,972> 16.391 TOTAL FU14D8 152,371 3,399 155,770 A current yaar 12 monlh8 and prtor year 12 months combined nel movemenl in fund8, includod In Ihè above aro 08 follow8: Incoming resources Rglourc •yp•nd•d Galn8 and 108888 Movom•nt in fund8 Vnr••trl¢t•d fund• Genernl lund 441,930 (414,950) 4.371 31,371 ft••trl¢tod fvnd• PLA Exlension Chi$wick Pler Tvust $t8ff grant Kusumo Tru81 24,000 7,475 26,480 (58,e82) (765) (26,480) (34.882) 6.710 57.955 (85,92n (27.972) TOTAL FUNDS 499.905 1500,877) 4.371 3,399 Pagè 15 Th• Thaffi•• E]tplor•r Thmt Nots& to the Flnanclal Statements- contlnued for the Year ended 31 March 2025 .13. Rglated-paty dl8closuTes There w•re no related party transactlons for the year end¢d 31 March 2025, Page 18