Charity registration number.. 1170038 Dreadnought South West Annual Report and Financial Statements for the Year Ended 31 March 2025 WESTCOTTS CHAR TERED ACCQVNTAI4T5 4 8usItI£SS ADVISERS
Dreadnought South Wost Contents (continued) Referen and Administrative Details Trustees, Repjrt 2to5 Independent Examlnefs Report Statement of Financid Activit*es Balance Sheet Notes to the Financial Statements 9t015
Dreadnought South West Reference and Administrative Dotails Chair L P Miller Trustees B A Bames (resigned 5 February 2025) DrJ E Grove V Mathlen (resigned 29 Octobw 2024) S C2rnpbell L Tacey C A Skinner L P Miller (appointed 5 February 2025) M R Jepson (appointed 5 February 2025) N A J Luke (appjinted 26 October 20241 Charlty Reglstration Number 1170038 Princlpal Offlce 5 Albion Pla Exeter Devon Independent Examln8r Westcotts (SW} LLP Timbedy South Street Axminster Devon EX13 SAD Page 1
Dreadnought South West Trustees. Report The trustees present the annual report together with the financial statements of the charity forthe year ended 31 March 2025. structurei govomance and management Nature of governing document Dreadnought South West is a Charitable Incorwrated Organisation with charitable status and reglstered with the Charity Commission No. 1170038. Recruitment and appointment of trustees The charity is governed by a foundation constitution. New trustees, sought for required skills and experience, are adopted by resolution at property convened meetings of the charity trustees. Officers are elected annually at the AGM. Oryanlsatlonal structure Trustees at least meet every hwJ months, often more. Individuals and pairs now have speciftc roles to share workload and ensure developir¥J knedge and expertise. Operational staff liaise with individual trustees when relevant. Attendance averages 900/0. Summary of Purp9 The Object and Purpose of Dreadnought South West {hereafter DSW) is to advan the education of the public and in particular but noi exclusively, women and girls, in the role of )Men in society from both an historical and mtsjern-day kr$pectiVe, specifically by using the medium of the arts. DSW provides Public Benefit Ihrough this dedication lo the education and emFX)wement of women and girls through VKJmen's history, arts and heritage. It offers inspiration, encouragement and support for women and girfs to leam at(Jut women's known and unknown histories. Engaging through the media of different art forms and practices. individuals and audiences are able to feel and understand its relevance to their live& DSW facilitates arts activities and events in a range of venues as artists, initiators; planners" leamers,. facilitatots" enablers and promoters, demonstrating broad artistic enterprise to offer opportunities to the wdest possible group. Dreadnought S¢)uth West provides a Platfomi for bold, high-quality arts and heritage )rk that inspires, educates, and raises awareness through the telling of often previously unknown stories about courageous t)rnen in the South West and beyond. Through the arts DSW aims to connect women to each other and their shared and individual histories, and experiences, With a sense of 'place' historically, g4)graphically. Slla11y, and interseclionalty. Sumn7ary of Activitlas: The work funded through our Naiional Lottery Heritsge Fund Dynamic Collections grant was completed in March 2025. The grant funded DSW to boost aareneSS, build and increase visibility of the Retellious Sounds Archive (RSA) and to develcp organisational llenGe through a complete rebranding exercise, V•Ebsite overhaul and uFthte. RSA listening bth in residence at Exeter R1M Festival Occupy the Airwaves (OTAI, 2025 took place on International Women's Day (March 8th}. at Phonic FM in the Phoenix, Exeter. This was our tenth occupation of the Iccal community radio station with 16 hours of live and pre-rewrded broadcasts. Monthly programmes vRre broadcast on Phonic FM under the OTA banner throughout the year including conversations about the Exe Tidelines project, the creation of DSW banners 8nd the Reclaim Festival. Page 2
Dreadnought South West Trustees. Report (continued) To mark the 10th annivetsary, we held a tea party in the green room with invibj guests. This brought together many friends and partners of DSW for an afternoon of conneclion and conversation. We are very grateful to the disbanded Exeter Women's Equality Party who donated funds remainirg after their closure. The funds were used to pay for some excellent refreshments. The 'Green ROOMIshOp ran as a drop in space throughout the day w7th all VL)men and girls welcome to come along for conversation and connection. Molly Rooke of Dam Gert Studio provided infom1ati and advi on mending clothes. DSW receival a grant for East Devcn Arts and Culture Team for the Women and the Sea project. We worked with 25 women who live by the sea in East Devcfi to Explore their relationship to it, bringing about a range of stories from an intergeneration81 group of vKmen wlth the youngest in her fMEnties and the eldest in her 80s. 15 women received training in audio recording and editing. Their voices Ere edited to create a 60-minute programme broadcast during Occupy the Airwaves There Wds a listen party at Sideshore in Exmouth, after lch participants travelled to Exeter to join the aftemoon tea party in the green room. Anne Barnes stepped d¢Jwn as ehair and trustee in February 2025 after 7 years. She has made a major contribution to Dreadnought South West, a strong supporter of our directors and a leading craftivist. Her years of work in this important volunteer role bvere warmly acknovAedged by both the trustees and directors. Laurel Miller agreed lo take on the role of DSW chair and was elected in the Februay 2025 tSteeS meeting. 2 new trustees joined this year. This year we also said a huge thank you to Von Mathieson 0 stepped down as trustee in October 2024. Von was the lead trustee for finance and made a major contribution to the organisation in that role_ Grant re1v from Exeter City Council for radio production includirKJ a programme about the Book Bag, IndeFendent Book Shop and the rmen who Set up the Exeter Women's Equality party folloWr its closure. Grant received from D'oyly Carte for a song project to create a new community choir of women from Devon, to lèarn new songs celebrating Men,8 lives in a 8UPF1Ve emFth%ering environment. Statoment re Public Bonefft We confimi due attention has IRen given to the Charity Commission's guidan on publlc beneflt Achtevements and perfomiance There are now 72 Stories in the RSA. New branding for RSA was launched in September 2024. 3 new trustees Elcomed to the board including a new chair, includiThJ younger women. 25 women participated in the Women and the Sea project in East Devon. 15 of Ihem receive training in digital recording and editing. Coming together as a group for this project increased the wellbeing of the participants who had not previously met They reported increased Confiden and connection., shared experiens, COnrnS and learning 1¢h lifted their mDOd, nourished their mentsl health and gave them a voice. 70+ women came together in the greenroom at Exts Phoenix to mark Intemational Women's Day and to celebrate the tenth anniversary of Occupy the Airvrav Page 3
Dreadnought South West Trustees. Report (continued) In Novembw 2024, the Rebellious Sounds ArchNe was in residence at The Barnfiekl Theatre Exeter for the Reclaim Festival seen by 200 people. A festival of the8tre by Kvmen and for women. DSW CTrDirectors spjke at 2 events discussing cultura leadership - audiertce of 15 and produ¢ing new plays WTitten by Men for 10 women in collaboration with Theatre West Increased the diversity and wdened the pool of freelancers we work becoming more intersectional as an organisation. Doubled the numbèr of RSA stories collecting from thDmen of colaur. Plans for the future New chair and trustees to settle into role ReGruitment of new finan lead trustee Implementing DSWS 10-year stegy, p18nning for actlvities in the run up to and during the centenary of all vKJmen getting the vote in 1928 Flnancial Revlew DSW closèj the rIOd V*ith £1,691 (2024.. £3,440) of unrestricted funds and £9,201 (2024- £1,558) of restricted funds. Totsl income from grants. donations and other charities was £67,838 {2024.' £72,808). Expenditure on charitable activities over the Feriod £61,944 (2024.. £75,125). There Wds therefore an overall surplus this year. RerveS Pollcy The trustees of DSW recognise that, although the charity has no employees or premises, and therefore does not hold legal liabilities in respect of these, it is still incumbent upon the Board to ensure that in the event of the charity haviThJ to close, there are sufficient funds to manage this. At the financial year end, total reserves stood at £10.892 (2024.. £4,998). Page 4
Dreadnought South West Trustees. Report (continued) Statement of Tru8te6s' Re8ponslbllltrs The trustees are resFonstble for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United lfj'ngdom Generally Accepted Amnting Practice) and applicable law and regulations. The law applicable to charities requires the trustees to prepare financial statements for each financial year leh gwe a true and fair view of the stale of affairs of the charity and of the incoming resources and application of resources of the charity for that peri(JJ. In preparing these financia statements, the trustees are required to.. select suitable accounting wlicies and then apply them cons£stentI. obSee the methTrJs and principles in the Charities SORP; make judgements and elmates that are reasonable and prudent" slate thether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial stalements on the going concern basis unless it is inappropriate to presume that the charity will Continue in business. The trustees are resF)onsible for keeping proper accounting records that disclose wth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply 4Mth the Charities Act 2011. the Charities (Accourts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also reswnsible for safeguarding the assets of the charity and hence for taking reasonable steps f( the prevention and detection of fraud and other irregularitie& The trustees are responsible for the Maintenan and integrity of the cortK)rate and financial informon included on the charitable company's website. Legislation govemirg the preparation and dissemination of financial ststements may differ from legistation in other jurisdictions. The annual report was approved by the trustees of the charity on behalf by.. and signed on its L P Miller Chair and trustee Page 5
Dreadnought South West Independent Examlnerfs Report to the trustses of Dreadnought South West I report to the trustees on my examination of the accounts of Dreadnought South West for the year erKled 31 March 2025. Respon8ibilltie8 and basis of report As the charity trustees of DreadrUght South West you are sponsible for the preparation of the accounts in aordance wrth the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the eadn0Ught South Wesvs accoLrnts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commissitjn under section 145{5){b) of the Act. Independent examlnerfs Statement I have completed my examinaticn. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material resp*t.' l. accounting records were not kept in respect of Dreadnought South West as required by section 130 of the Act., or 2. the accounts do not aGcord th th0 records. or 3. the accounts do not comply the accounting requirements concerning the fonm and content of accounts set out in the Charities {Ac¢ounts and Reportsl Regulations 2008 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. I have no concems and have come across no other matters in connection wtth the examination to which attention should be drawn in this report in order to enable a proper understanding of the cwnts to be reached. Robyn Gifford-England ACA Weslcotls ISW) LLP Tirnbedy South Stret Axminster EX13 SAD Date..Iq loi Iz£ Page 6
Dreadnought South West Statement of Financial Activities for the Year Ended 31 March 2025 Unrestrfcted funds Restrfcted funds Total 2025 Total 2024 Note Income and Endowmonts from: Donations and legacies Toisl income 67,832 67,838 72.808 67,832 67,838 72,808 Expanditure on: Charitable activities 60,189 75.125 Tolal expenditure 60.189 61,944 Net {expenditureVincome 5,894 2,317 Net movement in funds 11,749) 7.643 5,894 (2,3171 Reconcillatlon of fund8 Total funds brought forw?rd 1,558 4,998 7,215 Total funds carried fowdrd 12 1.691 9,201 All of the charitys activities derive from continuing operations during the ats)ve periods. The funds breakd¢)Mfft for2024 is shown in note 12. The notes cn pages 9 to 15 fom an integral part of these finanGid statements. Page 7
Dreadnought South West (Registration numbar: 1170038) Balance Sheet as at 31 March 2025 2025 2024 Note Flxgd assets Tangible assets Current as80ts Sthks Cash at bank and in hand 601 901 10 329 11.156 4,632 11,485 4,961 Creditor8: Amounts falllng due wlthln one year Net current a880ts 11 10,291 4,097 4,998 Funds of the charity: Restricted Income funds Restricted funds 9.201 1,558 Unrestrlcted income funds Unrestricted funds 1,691 10,892 3,440 Total funds 12 4.998 nci I statements on pages 7 to 15 we approved by the trustees, and authorised for issue on an(1 signed on their behalf by.. L P Miller Chair and trustee The notes ¢)n pages 9 to 15 fom) an integral part of these financial statements. Page 8
Dreadnought South West Nots8 to the Financial Statsments for the Year Ended 31 March 2025 1 Accounting pollci88 Statement of compllance The financia statements have been prepared in accordance with the second edition of the Charities Statement of Recommended PractiQ issu&Y in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) the Charities Act 2011. Ba8is of preparation Dreadnought South West meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the histortcal cost convention with items recognised at cost or transaction value unless otherwse stated in the relevant note8 to the accounts. Going concèrn The trustees consider that there are no materiai uncertainties about the charity's ability to continue as going COnM. Income and endowments Voluntary income including donations, gifts, leg&ies arKI grants that provide core funding or are of a general nature is recognised then the charity has entitlement to the income, it is probable that the income will be re1va and the amount can be measured sufficiwrt reliability. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any condltions linked to the grants have been met Where perfOrrnan conditions are attached to the grant and are yet to be mel the income is recognised as a liability and included on the balano sheet as deferred income to be leased. Gift ald Incoming resources from tax laImS are included in the Statement of Financial Activities at the same time as the gift to which they relate. Expendlturè All expenditure is recognised once there is a legal or constructive obligaticn to that expenditure, it is prob8ble settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that rAtegory. Where costs cannot te directly attributed to particular headings they have LEen allocated on a basis consistent wth the use of resources, wrth ntral staff costs allocated on the basis of lime spent. and deplatIOn charges allocated on the portion of the asset's u. Other support costs are allated based on the spread of staff costs. Charftable activitlas Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and seN1$ for ils beneficiaries. It includes both costs that can be allocated diredy to such *ivities and those costs of an indir&t nature necessary to support them. Page 9
Droadnought South West Notes to the Financial Statements for the Year Ended 31 March 2025 Icontinued) Governanco costs These include the costs attributable to the charity's Complian with constitutional and statutory requirements. including audit, strategic management and trustees meetings and reimbursed expenses. Taxallon The Gharity is considered to pass the tssts set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt frcm taxati¢)n in respect of income or capital gains receiv&J thin categories cover8J by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such in¢ome or gains are applied exclusively to charitable purposes. Tanglble fixed assets Individual fixed assets costing £100.00 or more are initially recorded at cost. Deproclation and amortisatlon Der)reciation is provided on tangible fixed assets so as to write off cost or valuaticJ. less any estimated residual valL4 over their expecte useful econornic lrfe as follo. Asset class Fixtures and fittings Depreciation method and rate 25% straight line Stock Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete slow moving strkS. Cash and cash equlvalents Cash and cash equivalents comprise cash on and call deposits. and other short-tem) highly liquid investments that are readily convertibie to a kn amount ot cash and are subject to an insignificant risk of change in value. Fund structu Unrestricted income funds are general funds that are available for use at the trusts discreti( in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of bthich is restricted to that area or purpose. PaJe 10
Dreadnought South West Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Financial Instruments Recognitlon and measurement A financial asset of a financi21 liability is recognised only en the entity becomes a party io the contractual provistons of the instrument. Basic financiaj instruments are initially recognised at the amount re1vable or payable including any related transaction costs, unless the arrangèment constitLrtes a financing transaction, where it is recognised at the present value of the fututE payments discounted at a market rate of interest for a similar debt instrument Current assets and curr&rt liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 2 Income from donations and legael89 Unrostrf¢tod fund8 Ganeral Restricted funds Total 2025 Total 2024 Grants other income from donations and legacies 67,832 67,832 72,808 67.832 67,838 3 Expenditure on charftable actlvities Unrestricted General Restricted funds Total 2025 Total 2024 Charitable Activlties Support costs Governan costs 318 1,439 60,173 16 60,489 1,455 74,202 473 450 1.755 60,189 61,944 Page11
Dreadnought South West Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 4 Analysls of governance and support ¢08ts Support costs allocated to charltablg activities Other Support costs Govornance Total funds Charitable activty Total for 2024 971 450 473 923 Govemance costs Restricted funds Total funds Total for 2025 Tolal for 2024 450 450 5 Net Incomlngloutgolng resources Net incomingl{outgoingl resour5 for the year include.. 2025 Depreciation ot tixed assets 300 333 6 Tru8tses reMUneratiC and expenses No trustees, nor any persons connected wth them. have recaved remuneration from the charity during the year. No trustees have reiVed Y reimbursed eXen or any other benefits from the charity during the year. 7 Staff costs The monthly average numter of persons (including *nior management I leadership team) employed by the charity during the year expressed as full time equivalents vrds as follows.. 2025 No 2024 No Average head count of employees during the year Page 12
Draadnought South West Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) No employee receivgj emoluments of more than £60,000 during the year (2024.. Nil). 8 Independent examlneV8 remuneratlon 2024 Exjnati¢jn of the financiaf ststements 450 9 Tanglble flxed assets Furniture and equlpment Total Cost At 1 Apr(12024 At 31 March 2025 9,422 9,422 9,422 Depreclation At 1 April 2024 Charge for the year At 31 March 2025 8,521 300 8,521 300 8,821 8,821 Net book value At 31 March 2025 601 601 At 31 March 2024 901 10 Stock 2025 2024 Raw materials 329 329 11 Crodltors: amounts falllng due withln oneyear 2025 2024 Accruals 1,194 Page 13
Dreadnought South West Notes to the Financial Ststements for tha Yaar Ended 31 March 2025 (continued) 12 Funds Balance at 31 March 2025 Balance at 1 April 2024 Incomlng resource8 Resources expended Unrestrlcted funds General General Funds 3,440 (1,755) 1,691 Restrtcted fvnds Occupy The Aip4vaves The National Lottery Heritage Fund (RSA) D'oyly Carte 1,108 4,950 {2,111) 3,947 450 59,882 3,000 (58,0781 2,254 3,000 9.201 1.558 67.832 60,189 Total funds 4,998 61,944 10,892 Balanco at 1 Aprll Incoming R#ources 2023 resource8 expended Balance at 31 March 2024 Transfers Unrestricted funds Genwal General Funds 3,764 {333) 3,440 Restricted funds Occupy The Aitwaves The National Lottery Heritage Fund (RSA) Mothers on Air 3,051 10,700 {12,643) 1,108 62,108 (62.149) 491 5CQ 450 500 3,551 Total funds 7,315 75,125 4,998 Restricted funds and how they have been us&J are described within the annual Trustees report. Page 14
Dreadnought South West Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 13 Analysis of not aso9ts between fund8 Unrestrlcled fund8 General Total funds Restricted at 31 March funds 2025 Tangible fix&1 assets Current assets Current liabilities 601 2,284 601 11,485 9,201 Tota net assets 1,691 9,201 10.892 Totsl funds at 31 March 2024 funds General Restricted fund8 Tangible tixed assets Current assets CUrnt liabilits'es 901 3,403 901 1,558 Total net assets 3,440 1,558 4,998 14 Rolatod party trdnsaetions There vEre no related party transactions in the year (2024.. none). Page 15