2024-03-31-accounts - The Commodore Trust

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Trustees’ Annual Report for the period

From 1 Apr 2023 Period start date To 31 Mar 2024 Period end date

Charity name: The Commodore Trust

Charity registration number: 1178576

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	1) THE PRESERVATION, IMPROVEMENT AND MAINTENANCE FOR THE PUBLIC BENEFIT OF THE FORMER COMMODORE HOTEL IN PEMBROKE DOCK, A LANDMARK BUILDING OF HISTORICAL, CULTURAL AND SOCIAL SIGNIFICANCE, AS A HERITAGE AND COMMUNITY BUILDING IN A WAY THAT CELEBRATES THE WELSH CULTURE. 2) THE ADVANCEMENT OF EDUCATION FOR THE PUBLIC BENEFIT BUT NOT EXCLUSIVELY BY THE PROVISION AND MANAGEMENT OF A HERITAGE AND COMMUNITY BUILDING THAT WILL FACILITATE LEARNING IN THE HISTORY, GEOGRAPHY, CULTURE, ARTS, AND ENVIRONMENT OF LIFE IN PEMBROKE DOCK AND SURROUNDING AREAS.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The CIO has been largely dormant over the reporting period due to uncertainties regarding the future of the Commodore building and the project to develop its surrounding for off shore energy activity.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Due to the uncertainty mentioned above, the CIO believes that awaiting confident and positive news about the project envisioned for the surrounding land would be the best policy.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making

Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The viability study and project development work carried out with support from the Architectural Heritage Fund and The Pilgrim Trust was valuable in establishing possible future uses for the building (The Commodore) that would fulfil the aims of the charity. The further funding for development work on the project was very useful in producing a consultant’s brief, a funding plan and a project director’s brief.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41

Investment performance Para 1.41 against objectives Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The charity’s financial position at the end of the period is stable.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	No reserves are held at present
Amount of reserves held	Para 1.22	£0
Reasons for holding zero reserves	Para 1.22	Apart form a few minor donations, the charity’s activities have been covered by grant funding.
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The charity’s future is dependent upon the future development of The Port of Pembroke and the development of the Irish Sea ferry traffic and Offshore renewable energy projects. The Charity is keen to work with local partners but support form local government and Milford Haven Port Authority is funding critical.

Additional information (optional) You may choose to include further statements where relevant about: A few minor donations. The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	CONSTITUTION OF A CHARITABLE INCORPORATED ORGANISATION WHOSE ONLY VOTING MEMBERS ARE ITS CHARITY TRUSTEES.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees selected at startup by common interest.

Additional information (optional) You may choose to include further statements where relevant about:


Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	The Commodore Trust
Other name the charity uses	Save the Commodore!
Registered charity number	1178576
Charity’s principal address	17 Ridge View Close Pennar Pembroke Dock SA72 6RB

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
	Adrian Thomas Albert James	Chair
	John Gibbs	Secretary
	HayleyWood
	Derek Howells	Treasurer

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Adrian James Position (eg Secretary, Chair Chair, etc) Date 27 January 2025

	The Commodore Trust	The Commodore Trust	The Commodore Trust	1178576	1178576	CC16a
				1178576
	For the period from	Period start date 01-Apr-23	To		Period end date 31-Mar-24

Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ £72.00 - - - - - - - 72 - - - 72 60 94 - - - - - - 154 - - - 154 - 82 - 228 146	Restricted funds to the nearest £ - - - - - - - - - - - - - - 9,000 - - - - - - 9,000 - - - 9,000 - 9,000 - 9,900 900	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -		Total funds to the nearest £ 72 - - - - - - - 72 - - - 72 60 94 9,000 - - - - - - 9,154 - - - 9,154 - 9,082	Last year to the nearest £
Donations	£72.00					48
	-					-
	-					-
	-					-
	-					-
	-					-
	-					-
	-					-
*Sub total*(Gross income for AR)	72					48

A2 Asset and investment sales, (see table).
	-
	-					-
*Sub total*	-					-
*Total receipts* A3 Payments
						48

HSBC Fees	60					60
Modern Print for Business cards	94					-
Piece Regen for Development Grant work						-
	-					-
	-					-
	-					-
	-					-
	-					-
	-					-
**Sub total **	154					60

A4 Asset and investment purchases, (see table)
	-
	-
**Sub total **	-					-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
						60

	- 82	- 9,000	-		- 9,082	- 12
	-	-	-		-	-
	228	9,900	-		10,128	10,128
	146	900	-		1,046	10,116

CCXX R1 accounts (SS)

29/01/2025

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Details Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details Remainder of AHF Grant . To be spent ~~onWork pertaining to the aims of the~~ Donations Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - 900 146 - - - 146 900 OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Adrian James Derek Howells	Endowment funds to nearest £
			-
			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
			26-Jan-25
			29/01/2025

CCXX R2 accounts (SS)

29/01/2025