ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2023 SEA RANGERASSOCIATION (A COMPANY LIMITED BY GUARANTEE) CHARITY REGISTRATION No: 269659 COMPANY No: 1211248 THE SEA RANGER ASSOCIATION CONTENTS Page 3 Legal and AdministratNe Infomiation Page4-6 Trustees. Report Page 7 SRA Appointments Page 8 Independent Examinerfs Report to the Trustees Page 9 statement of Financial Actwtlies Page 10 Balan￿ Sheet Pages 11 15 Notes to the FinanGial Statements THE SEA RANGERASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31st DECEMBER 2023 CHARITY NUMBER: 269659 START OF FINANCIAL YEAR: 1 January 2023 END OF FINANCIAL YEAR: 31 De￿mber 2023 TRUSTEES AT 31 DECEMBER 2023: The goveming body is the Council of Management. which is elected from the members. The Council ha5 powers to Co-opt members. A Chair is elected for each Council Meeting. Council members.. Mrs Tessa Bullimore (FCCA) Hon Finance Officer Mrs Julie Johnson Elected Miss Heather Watson Elected Mrs Lucy Jones Elected Mrs Sue Cotterill Elected Mrs Anne Jeffn"es Elected Non Council Mrs Helen Clarke Mrs Ai Lourens Hon. Secretary nol elected Treasurer not elected LEGAL STATUS: Company Limited by Guarantee Registered Charity GOVERNING INSTRUMENT: Memorandum and Articles of Association Incorporated 6 May 1975 REGISTERED OFFICE: H.Q.T.S. -Lord Amory. 631 Manchester Road Dollar Bay London E14 3NU PRIMARY BANKERS: National Westminster Bank 130 High Street Tonbridge Kent TN9 1DE INDEPENDENT EXAMINER: Peter Nicholls MBE. MAAT Independent Examiner 5 Nursery Road, Havant. Hampshire P09 3BG THE SEA RANGER ASSOCIATION IA Company limited by guarantee) TRUSTEES, REPORT FOR THEYEAR ENDED 31 DECEMBER 2023 Trustees, Responsibilities: The Charities Act 2011 and Companies Act 2006 require the Trustees to prepare financial slatements for each financial year which give a true and fair view of the stste of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to.. Select suitable accounling policies and apply them consistently. Make judgements and estimates that are reasonable and prudent. Prepare financial statements on the going con￿rn basis unless Éi is inappropriate to presume that the trust wll continue in existen￿. The Trustees are responsible for keeping proper acwunting records, whith disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The rnembers have not required the charitable wmpany to obtain an audr( of its accounts for the year in accordan￿ with section 476 of the Companies Act 2006 - however in accordan￿ with seclion 144{2) of the CharTties Act 2011 the accounts have been examined by an independent examiner whose report appears on page 7. Objectives: The Association ads as a parent body to Cadet Sea Ranger and Sea Ranger Crewts. who fulfil the charity objectives of promoting the instruction and training of girls of all races, colour and creed, encouraging girts to develop into responsible citizens and offering recre*'on and training. with a particular emphasis on matters nautical. in many OLrtdoor activities. Activities and achievements: The Trustees acknowledge that the Association's Suc￿sS is wholly dependent on the dedication and ommttment of its volunteers. The Trustees would like to thank all its Volunteers, our Officers, Trainee Officers and Adult Helpers for their unstinting work with each of their Crews in order to continue to provide their Cadet Sea Rangers and Sea Rangers wtth a varied programme of activities on and off the water. Al Crews are self-SUPPOrting. In 2023 Crews continued to overcome the lasting effects from the pandemic, through supporting their youngsters with their mental well-being through a variety of activities and residentials_ Through supporting their local community wilh acts of volunteering and supporting where needed. However many still have the continuing financial pressures from the pandemic and this year, from the current downtum in the UK economy cost of living crisis. The SRA'S AGM held on 22Th1 April 2023 was a virtual meeting, which the Council of Management felt was the best use of our members time and financial implications allowing members not to travel vast distances to a suitable venue for the AGM. As a ￿SuIt, we had good attendance from Crews and members of the SRA. We were provided with an informative talk from Graham Vagg, Assistant Director for Safeguarding at Catch 22. Who gave a talk and ideas on how to 'build resilience through activity, within our Crews. The Association, working together via virtual meetings and face to face throughoLrt the year, continued to support Crews and Offi￿rS throughout the year. holding our National Regatta with the Scout Association on the River Thames ai Kingston again in early July, our thanks go to the Sea Scouts for their support and smooth running of this event. Officers gatherings were held at Rose Cottage where refresher training was held and then during our now regular Friends days at the Rose Cottage the sharing of ideas and memories with friends from our Association was held. The AssoGiation has continued to Tun its Rose Cottage boating base on the river Thames, ably supported by the Rose Cottage Commrtiee (through virtual meetings) and face to face through ils working parties with a wonderful team of volunteers. The Rose Cottage Committee are still awaiting talks with the National Trust about its future lease and have just had recent contact regarding progression of Heads of Tenns following a period of staff absence at Clivedon. Following a great deal of work in researching the providen￿ of the Morgan Giles rowing gig 'Watetwitch' kept at the SRS Boating base Rose Cottage, a team led by SRS Memaid's Senior Offi￿r. In the latter part of the year (September 3 ) followng discussions with the Morgan Giles family and a huge fundraising effort, 'Waterwitch° was taken down to Portsmouth Historic Docks where she started her joumey of restoration by the team at Ship to Shore. The SRA are etemally grateful to the many donors who have and still are supporting this amazing restoration project. Financial Review: The property at 1 Riland Road, Sutton Coldfield is still being used by the current tenant and is now earning an income. The building is valued at £135,000 as at 2018, and is included in the fixed assets on the Balance Sheet. The Trustees would like to thank Alison Lourens for her large efforts in getting the property updated and ready for extemal rental. Our Budget for 2023 has now reinstated wrth the lost income whilst this was vacant. We have received in 2023 two legacies for which the Association is extremely grateful and notified af a substantial legacy expected to be received in 2024. Our annual accounts have returned to a surplus for 2023 with a SUC￿ssful 'Waterwrtch- restoration funding Gampaign" raising in the region of £27k. Expenditure for the restoration is expected to come wrthin this figu￿ and events planned for her use in 2024. £15k has been SFEnt of this in 2023 with the remainder due in early 2024. The Association retains the services of Barley Marketing to provide marketing services through our website and social media sites, as well as leafiets, merchandise and publicity materials for Crews to use and for the SRA as a whole. Investment Policy: The Trustees hold reserves in a charity deposit account to benefit from interest without the risk of equities. This is now being carried out on an online platform (Flagstone) since the closure of one CAF account by CAF. This is operated by the Treasurer with a dear approval mandate mechanism before material changes in investment policy are made. Financial Reserves Policy: It is the policy of the trustees to maintain free reserves to a level sufficient to meet the anticipated demands and a minimum of 1 yearfs operating costs. Risk Assessment". The major risks to which the Charity is exposed, as identified by the trustees, are reviewed on an ongoing basis and systems established to mitigate those risks. Public Benefit Statement: The fund provides public benefit by acting as a parent body to Cadet Sea Rangers and Sea Ranger Crews and by instruction and training of gids of all races. colour and creed. This encourages girls to develop into responsible citizens. Volunteers: The charity has no paid staff and is grateful for the unstinting efforts of its volunteers who are involved in service provision and fundraising. Slgned on behalf of the Trustees Julie Johnson 20 April 2024 Chair SRA Council of Management SEA RANGER ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) S.R.A. Appointsnents Hon Secretary Helen Clarke Hon Finance Officer Tessa Bullimore Hon Trèasurer Aison Lourens Rose Cottage- Holding Tntstees Janet Kingston Michael Nadin MBE Rose Cottage- Committee Anne Baker- Chairman Rosalind Barnes Helen Clarke Julie John50n Sarah Br8me- B￿kingS Alison Lourells- RC ffinance Mernbership Secretary Margaret Bafter Insurance Jo-Ann Green Badges Pam rrtchmarsh Unifomi Julia Iskett Frlends of Sea Rangers and Archive Secretary Bethany Dredge Sea Ranger Laura Barioli WE ARE GRATEFUL TO THOSE WHO HAVE MADE DONATtONS DURING 2023 "Friends of Sea Rangers. AnonY￿U5 donofs & legatees and members of the S.R.A. who have made donations and conkn"bL¢ts"ons towards expenses. INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the Trustees of The Sea Ranger Association on the accounts for the year ended 31 December 2023 set out on pages 9 to 15 My work has been undertaken so that I might state to the charity's trustees those matters which l am required to state to them as an independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibilty to anyone other than the charity and the charity's trustees for my examination v￿rk. for this report. or for the opinions I have fomied. Respective responsibilities of trustees and examiner The organisation's Trustees are responsible for the preparation of the accounts. The organisation's Trustees consider that an audit is not required for this year under section 14412) of the Charities Act 2011 (the 2011 Act} and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Act.. follow the procedures laid down in the General Directions given by the Charity Commissioners under section 14515){b) of the 2011 Acl and-. slate whether particular matters have Gome to my attention Basis of independent examinerfs statement My examination was carried out in accordance wtth the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees con￿MIng any such matters. The prO￿dureS undertaken do nol provide all the eviden￿ that would be required in an audit, and consequently no opinion is given as to whether the accounls present a 'true and fair vie and the report is limited to those matters set out in the statement below Independent examinerfs statement In connection with my examination, no matter has come to my attention- {1) which gives me reasonable cause to believe that in any material respect the requirements-. . to keep accounting records in accordance with section 130 of the 2011 Act,. and . to prepare accounts which accord wrth the accounling records and comply with the accounting requirements of the 2011 Act have not been met., or to which, in my opinion, attention should be dravm in order to enable a proper understanding of the accounts to be reached. (2) Peter Nicholls, MBE MAAT PN Independent Examinations. 5 Nursery Road, HAVANT, Hampshire P09 3BG Dated: 20th Apnl 2024 SEA RANGER ASSOCIATION STATEAIENT OF FINANCIAL ACTMTIES For year ended 31 Dec 23 2023 2022 Incorne from: FUTh FutK1 Donations & Grants Charitsble Activiles Other Trading Activities Investment £ 2,884 £ 27.905 £ 11.564 £ 9.600 £ 5,490 £ 1.374 £ 30,770 £ 11.564 9.600 £ 6,864 1,360 17,920 800 3.514 Total Income £ 29.519 £ 29.279 £ 58.798 23.593 Expenditure on Raising Funds Charitsble Activities 1,166 £ 21,557 £ 15.000 1,166 £ 36,557 15.975 28,225 Total Expendrture £ 22.724 £ 15,IXIO £ 37,724 44.140 Net Gain or Loss £ 6,795 £ 14,279 £ 21.074 (20.5471 Investments Unrealised Gain {or Loss}- 634 634 Net Movement in Funds £ 6.795 £ 14,27g £ 634 £ 21,708 {27.729) Total Funds Brought Forward £326.442 £ 28.150 £43,150 £ 397,742 425,477 Total Funds Carried Forward £333.237 £ 42,429 £43.784 £ 419,450 397,742 Movement on all reserves and all recognised gains and losse5 are shown above. All of the organisation's operakn.ons are dassed as continuing. $FlAD￿23 BSWD350FAWA4 SEA RANGER ASSOCIATION Charity Registrntion Number 269659 Company Number 1211248 BALANCE SHEET 31-De¢-23 31.Dec-22 ASSETS TOTAL FUNDS FUNDS FUNDS FUNDS Fixed Assets Property Investments Total Fixed Assets £ 135,000 £ 135,000 £ 135.oc £ 33.927 £ 168,927 £ 135.000 £ 135,000 Current Assets Stocks Debtors and prepayments Bank Accounts Flagstone Deposit NS&I Account NS&I Account- Rose Cottage Charities Deposrt Account Total Cutrent Assets 3.323 4,059 16,103 £ 12.905 £ 167,201 £ 25.256 47,209 3,323 4,059 £ 29,008 £ 192,458 £ 2.690 £ 49.899 £ 4.131 £ 6.534 £ 10,665 334 334 £ 238,229 £ 42,293 £ 9.224 £ 289,745 3,805 3,742 4.548 £ 156. 706 £ 48.822 13,273 320 £ 23t.217 LIABILITIES Current Liabilib"es Creditors Total Current Liabilibe5 12 295 £ 5.000 295 £ 5,000 5,295 5,295 2.4￿2 2.402 Net Current Assets £ 237.934 £ 37,293 £ 9,224 £ 284,450 £ 228.815 Net Assets £ 372.934 £ 37.293 £ 9.224 £ 419.450 £ 397,742 For the year ended 2023 the company was enljtled to exemption under section 477{21 of the Companies Act 20C6. No members have required the company to obtain an audti of its accounts for the year in questson in accordance with Section 476 of the Companies Act 2006. The Trustees acknowledge their responsibility for. li) Ensuring the company keeps accounbng records which compty with Section 386 and lil) Preparing accounts which give 2 true and fair view of the state of affairs of the company as at the end of its profil and loss for the financial year in accordance with Section 393. and which othewse comply with the requirements of the Companies Act relating to the accounts, so far as applicable to the Company. Approved by the Trustees on 4th April 2024 and Signed on their behalf by Tessa Bullimore FCCA. Hon Finance Officer SRrt￿25 8$ND3￿￿1cE￿EEr 10 SEA RANGER ASSOCIATION Notes to the A￿oUnts dotsd 31 December 2023 Note 1- Accounting policies Basis of Preparalion The financial statements are prepared under the historic cost convention {as modffied by the revaluation of fixed asset investmenlsl and in accordance wtth applicable accounting standards-. Charities Statement of Recommended Practice 2019 and the CharitFes Acts. The charity has adapted the Companies Act fomiats to re￿t the special nature of the nature of the chariiy's activities. b. Company Status The charity is a company limited by guarantee. The members of the council are the twstees named on page 3. In the event of the charity being wound up. the liabilrty iri respect of the guarantee is limited lo £1 per member of the charity. c. Fund Accounting General funds are unrestrlcted funds which are availab￿ for use at the discretion of the truSt￿S in furtherance of the general objeth'ves of the chanty. Restncted funds are funds which are to be used in afxordance with specffic instructions imposed by donors or which have been raised by the charity for particular puryx)ses. The costs of raising and administering such funds are charged against the speufic fund. The aim and use of each restricted fund is set out in the notes to the financial statements_ Endowment funds represent those assels that are hehd pennanayy by the chanty, principally investments. Income arising on the endowment funds is restricted. Investment income and gains are alkjcated to the appropriate fund. d. Income i) Donations are included in the Statement of Financial ActivitEs (SOFA) when the chartty becomes entitled lo the donation or grant and it is reasonabty ￿rtain that it will ￿ receNgJ and the value can be measured with sufficient reliability. ill Income from fund raising is reported gross in the SOFA iiil Grants and donations are only included in the SOFA when the chanty has unCOnd￿"0nal entitlement to the resources. For legacies, entrtlement is the eadier of the charity being nob.fied of an impending distribution or the legacy being received. Income from grants, including capitsl grants, is included in incorne when these are weivable except as follows". al when donors specify that grants given to the charity must be used in ftttuie ac£ounting periods, the income is deferred until those pericxjs. bl when donots impose condrtions which have to be fuffilled before the charity becomes entitled to use such income. it is deferred and not included in income until the preconditions for use have been met. When donors specffiy that grants. including caprtal grants, are for particular restricted purposes, which do not amount to PTe-conditions regarding enkn"ttement. this income is induded in the income of restricted funds when r￿1vable. Iv) Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in Kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the chanty. Gifts in Kind for use by the chanty are included in the SOFA as income vthen receivable. No amounts are included in the financial statements for services donated by volunteers. vl Donated services and faciltr.es are onty included in income (V￿ an equNalent amo¥Jnt in expenditure) where the benefit to the charty is reasonabty quantifiable, measurable and material. The value placed on these resources is the esb"mated value to the chaTÉty of the seNice or facility received. 11 e. Expenditure and Liabilities Liabilities are recognised as soon as there is a legal 01 Constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has ￿en cL3ssified under headings that aggregate all costs to the category. The charities operaltng o)sts include premises and other related costs. Management and administration costs are those incurred in connedion adminiStrat￿n of the charity and complaince constitutional and statutory requirements f. Boats and Equipmgnt The Associab"on owns various boats and ￿UIpMent and the contents of Rose Cottage, which have either been gifted or purchased from grants made to the ASsociat￿n. These items are not included in the fixed assets in the accounts. For Insuran￿ purposes they are valued at £3C600 (£38206 in 20221 g. Stock stock consists of purchased gocKls or resale. Stctks are valued at the lower of cost and nel realisable value. Items donated for resale or disth"buiion are not induded in the financial statements unb'l they are sold or distributed. h. Investments Investments on a recognised stock exchange are Val￿ed at market value al the date of these accounts. The SOFA includes net gains and loses ansing from revaluats"on5 and disposals throughout the year. Changes to Accounting Policies and Previous Year Accounhts There has been no change in the accounb.ng policies last year and no changes to the previous year accounts. j. Property The property at 1 Riland Road, SLrtton Coldr￿d B75 7AQ (formerty Valiant HQ) was brought onlo the accounts in 2009. This proFerty is let to eam income for the fund. It wa5 professionally revalued at £135.000 in March 2018. 2. Donations and gifts During the year donations, including Gift Aid refunds. amounts.ng to £3077012022 - £13601 were reTrived from various supporters of the Associat￿￿. 3. Invostment and Deposit Income Dwidends and Interest receivable.. £6864 (Previous Year £3514) 4. Trustees. Remunèration No payments were made to trustees in the year ended 31 December 2023, athough exFenses incurred by trustees were reimbursed. 5. Staff Costs The Associats"on does not have any paid employ 6. Taxation There is no liabilTty for corp)ration tax as rt is a registergj charity (No 2695691. 7. Control Relationships The Charity is controlled by the TnJstees. 12 Note 8 - lTrcome 2023 2022 Donations Waterwitch Donations Other Donations including Gift Aid All Fun £ 26,905 £ 2.864 £ 1,000 1,360 Charitable Activibes- Subscri Subscriptions Chantable Activths- Ttsinin Rose Cottage Tyvac11 ChaiTlable Acttvities - Events Events Charitable ActiVit￿S- Su Sale of Badges Sale of Unrform Other Sales Charitable Acb"vities- Other Insurance Contributions MIS￿lIaneouS Income tK)ns £ 4,503 £ 2,100 £ 285 £ 6.248 £ 365 161 £ 1,729 160 652 27 449 £ 1.9 £ 1,681 £ 2.066 19 £11.564 £ 17.920 other TradNn Activth8S Riland Road Rent Investment Income Interest £ 9,600 £ 5.490 1.374 3.514 Total Income £29.519 £ 29,279 £ 23,593 Note 9 - Expenditure 2023 Charttable Activities- General Administration and Sundries DBS Checks & Annual Fees Insurance - PAJPUAII risks Insurance- Boats & HQ Publicity and PR Website Waterwilch Charitable Acts.v￿es- Traini Rose Cottage Officer Training Tyvac Charitable Actiwties- Events Events Gharilable ACtiVrf￿s- Su Badges Unrtorm Stock Charitable Activities- Govemance Independent Examination £ 1,422 201 £ 5.723 £ 908 £ 5.641 £ 1,181 447 £ 4.304 £ 1.961 £ 6,6ff 1,032 £ 15,0 £ 4.329 £ 1,427 £ 7,174 120 310 149 £ 4.447 £ 303 521 103 28 265 £21,557 £ 15,000 £ 28.225 Fundraisin Ri12nd Road Costs £ 1.166 £ 7&915 Total Expenditure £ 22,724 £ 15,000 £ 44, 140 13 Note 10 - Statement of Funds. At 1 Jan 23 Income Expenditure Investmert Unrealised Gain or At 31 Dec 23 General Reserve Training Faciltties Crew Loan & Gfants Legacy £ 169,630 £ 9,028 £ 12.846 £ 427 £ 19,931 £ 690 £ 124,034 £ 4,292 17,1481 15761 171.511 12,697 20.621 128,326 Tiotal Unrestricted Funds £ 326A42 £ 14A37 17.724) 333,155 Endowment Funds Presidenfs Award Capital £ 33,927 Rose Cottage Permanent 6,534 Endowment 634 34,561 6,534 Rose Cottage Expendable Endowment 2,690 2,690 Total Endowment Funds £ 43.151 634 43,785 Restricted Funds Presidenys Award Interest £ 24.101 Rose Cottage Endowment £ 4.049 Interest Rose Cottage RT Legacy Walerwitch Project £ 1,374 82 25,475 4,131 £ 1.000 £ 26,905 £ 115,0001 1.000 11,905 Total Restricted Funds £ 28,150 £29,361 £ (15.0001 42,511 Total Funds £ 397,743 £43,797 £ 122.724) £ 634 419,450 The General Reserve represents ihe free funds of Ihe chaTty. which are not desi9nated for part¢cular purposes. The Presidenvs Award is a hjnd to enable members of the Asswation to parbcipate in challenging activities which are agreed annualty by the Council. The Rose Cottage reserve represents funds available for improvements and rna1ntenan￿ of Rose Cottage and its contents. The Training Faciltbes ReseNe is a fund used to provide for Association training and training equipment. The Crew Loan and Grant Fund represents funds used to enable the Association to make grants to crews and members for in house and extemal approved athrt]"es. It is atso to make interest free loans lo crews. The Legacy Reserve accounts for legacies according to donors wishes or as agreed by the Council. 14 Note 10A- Anatysis of Net Assets Betrmn Funds Final Balances 31 Dec 23 Endowment Restricted are represented by.. Unreslricled (incl Designated) Total Fixed Assets Current Assets Current Liabilib"es 135,(K)0 £ 135,000 238,229 £ 289,745 12951 £ 15,2951 9,224 £ 42,292 £ 15,CXJO) Total Net Assets 9,224 £ 37,292 372,934 £ 419,450 Note 11- Miscellaneous Debtors and Prepayments Rent- Riland Road Rent- Rose Cottahe Iwakefvll SRS Mermaid Rose Cottage Rent Prepaid Insurance - Prepaid 1,408 105 550 1TT 1,819 4,059 Note 12 - Accruals and Credito Walerwilch Work Rose Cottage Deposit PNIE 5,000 265 5.295 Note 13 - Other InfoThation The fund does not have any material commitments not provided for in the accounts The fund has not given any guarantees to any third paty that could be ￿lled on al the year end. The fund has not granted any loans. The fund did not make any ex gratia payments during the year. Declarations The Trustees have not changed Ihe year elld date nor the length of the fund's finanaal year. All the fund's operations are continuing ottrat.ons and no 0￿ra￿"on$ have b*n discontinued No funds are in deficit. The fund has no marketable intangibte assets None of the funds funcb.onal assets have been revalued during the year and the fund does not have a policy of revaluation of these assets. The fund has no material fixed assets which have not been raprtalised and included in the Balance Sheet.