ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31" DECEMBER 2024 SEA RANGERASSOCIATION (A COMPANY LIMITED BY GUARANTEE) CHARITY REGISTRATION No.. 269659 COMPANY No: 1211248
THE SEA RANGER ASSOCIATION CONTENTS Page 3 Legal and Administrative Infomiation Page4-6 Trustees, Report Page 7 SRA Appointments Page 8 Independent Examiner's Report to the Ttustees Page 9 Statement of Financial Activities Page 10 Balance Sheet Pages 11 15 Notes to the Financial Statements
THE SEA RANGERASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31st DECEMBER 2024 CHARITY NUMBER: 269659 START OF FINANCIAL YEAR: 1 January 2024 END OF FINANCIAL YEAR: 31 Dember 2024 TRUSTEES AT 31 DECEMBER 2024: The governing body is the Council of Management. which is eleded from the members. The Council has powers to co-opt members. A Chair is elected for each Council Meeting. Counril members" Mrs Tessa Bullimore (FCCA) Hon Finance Officer Mrs Julie Johnson Elected Miss Heather Watson Elected Mrs Lucy Jones Elected Mrs Sue Cottenll Elected Mrs Anne Jeffries Elected Non Council Mrs Helen Clarke Mrs A]1 Lourens Hon. Secretary not elected Treasurer not elected LEGAL STATUS: Company Limf(ed by Guarantee Registered Charty 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 (A Company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees, Responsibilities: The Charities Act 2011 and Companies Act 2006 require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state 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 accounting policies and apply them consistently_ Make judgements and estimates that are reasonable and prudent. Prepare financial statements on the going Con[ basis unless it is inappropriate to presume that the trust will Gontinue in existence. The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial posrtion 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 members have not required the charitable company to obtain an audit of its accounts for the year in accordance with section 476 of the Companies Act 2006 - however in accordance with section 144(2} of the Chariiies Acl 2011 the accounts have been examined by an independent examiner whose report appears on page 7. Objects: The Association acts as a parent body to Cadet Sea Ranger and Sea Ranger Crews, who fulfil the charity objedives of promoting the instruction and training of gids of all races, colour and creed, encouraging girts to develop into responsible cittzens and offering recreation and training, with a particular emphasis on matters nautical, in many OLrtdoor ath"vities. Activities and achievements: The Trustees acknowledge that the Association's success is wholly dependent on the dedication and commitment of its volunteers. The Trustees would like to thank all its Volunteers. our Officers, Trainee OffirS and Adult Helpers for their unstinting work wtlh each of their Crews in order to continue lo provide their Cadet Sea Rangers and Sea Rangers with a varied programme of activities on and off the water. All Crews a self-supporting. In 2024 Crews continued to build Ltp their nelworks within their local communtlies and offer a variety of activities within their programme. From supporting their youngsters with their mental well-being, working with their local communtties by volunteering and supporting where needed. However, many still have the continuing financial pressures from the current downtum in the UK economy and cost of living difficulties. The SRA'S AGM held on 20th April 2024 and was a face-tcFface meeting with the facility for virtual attendan to Ihe meeting as well. The use of virtual a meeting is still proving to be of vaSue far those long-distance Crews and members and the Council of Management felt was the best use of our members time and financial implications. Our speaker during the Officer's training session in the moming. was Richard Hunt on Recruitment, membership and retention ideas, who gave some very valhd points for everyone to take away.
During the AGM Anne Baker Officer5 from SRS Mermaid, gave an UJale on the wateitch Gig project. Showing 8 historic photo log of the work that Ship to Shore had been doing and what tasks there were in the pipeline. In Juty 2024 Waterwitch was taken to the Traditional Boat Festival at Henley on Thames, where some historic ards and information about Waterwitch's providence and work was put on display. Peter Collins from Ship to Shore also attended and was able to give an in-depth account of the type of work that he and his team had undertaken_ During this event Anne was in discussion with Lady MeAlpine and was encouraged to apply for a grant from the Nation81 Transw)rt Trust Later in the year we hear that the Waterwitch project had been granted an award of £750 from the Trust and both knne Baker and Tessa Bullimore attended where they were presented by HRH Princess Anne, who added that she likes to row. The SRA would like lo thank those invofved with the National Transport Trust for their generosity along with the other donors and the major donor Kerth Knowles OBE. The SRA would also like to extend our heartfett thanks to everyone at Ship to Shore for their endless amounts of dedication and love for traditional skills on this project. It is a testsmenl of a true craftsper50n. Members of the SRA attended the 30th Anniversary of thanks giving Servi for the Maritime Volunteer Setvice at All Hallows by the Tower. The Association, working together via virlual meetings, use of social media apps for offirS and face to face gatherings throughout the year, continued to SLJPPOrt Crevts and Officers. Due to unfortunate weather and river conditions this year, the National Regatta with the Scout Association on the River Thames was postponed. The SRA held their Officers gatherings at Rose Collage where refresher training was held and we also held our Friends days at the Rose Cottage where OffirS and Friends shared their ideas and memories. The Associalion has continued to run its Rose Cottage boating centre on the River Thames, ably supported by the Rose Cottage Cornmitt, and its working party with a wonderful team of volunteers. The Rose Cottage Committee are still awaiting talks wtlh the National Trust about its future lease. We would also like to congratulate Chloe Balwick who was awarded the Founder Presidents Awards towards her Irip to Zambia and to Amelia t)ee of SRS Bamhurst who was awarded funding for a kayaking training course at Lee Valley white water training centre. The SRA awarded SRS Urchin wrth a grant for their OffirS to undertake minibus training to enable them to bring their Crew to events. Financial Review: The property at 1 Riland Road. Sutton Coldfield is still being used by the current tenant and continues to earn an annual income. The building is valued at £135.000 as at 2018, and is included in the fixed assets on the Balan Sheet. In 2024 we have been fortunate to re¢ve a large legacy from a past Sea Ranger Offi[ for which the Association is extremely grateful. The estate has largely been distributed and subject to estate costs there may be a small final distribLrtion. The work on Waterwrtch continued and funds raised amounted to approximately £28k as at the year end. She will leave the historic docks in 2025 to retum to Rose Cottage. For the year end 2024 the Net Surplus was £66k. The negative £25k for restricted funds shown was largely due to the income received for Waterwitch in the previous year and the expenditure incurred in 2024. Due to relatively good interest rates our Investment income produced 10k Income which does help support our charitable activities.
Reserves for the Founders President Bursary award have been opened up to offer to more candidates following the pandemic where it was not awarded or used. it was agreed by Council of Management to encourage the use of the fund. All crews were also funded for the first time to help with recruitment of leaders and marketing at local level. Investment Policy: The Trustees hold reserves in a charrty deposrt a¢xount to benefit from interest wtthout the risk of equities. This is now being carried out on an online platform {Flagstone} Sin 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 Chartty is exposed, as identified by the trustees. are reviewed on an ongoing basis and systems established to mrtigate those risks. Publlc Benefrt Statement: The fund provides public benefit by acting as a parent body to Cadet Sea Rangers and Sea Ranger Crews and by instruction and Iraining of girls of all ras. 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 Servi provision and fundratsing. Signed on behalf of the Trustees Julie Jo nson 26° April 2025 Chair SRA Council of Management
SEA RANGER ASSOCIATION (A COMPANY LIMITED BY GUARANTEE) S.R.A. Appointments Hon Secretsry Helen Clarke Hon Finance Offl¢er Tessa Bullimore Hon Treasurer Alison Lourens Rose Cottage- Holding Tmstees Janet Kingston Michael Nadin MBE Rose Cottage- Committee Anne Baker- Chairman Rosalind Barnes Helen Clarke Julie Johnson Sarah Brame- Bookings Alison Lourens- RC finance Membership Secretsry Margaret Barber Insurance J(FAnn Green Badges Pam Titchmarsh Unrforni Julia Iskett Friends of Sea Rangets and Archive SKretsry Angela Bevan Sea Ranger News Laura Barioli WE ARE GRATEFUL TO THOSE WHO HAVE MADE DONATIONS DURING 2024 "Friends of Sea Rangers" Anonymous donors & legatees and members of the S.R.K who have made donations ar¢d contributions towards expenses.
SEA RANGER ASSOCIATION - INDEPENDENT EXAAIINER'S REPORT ON THE ACCOUNTS Report to the Trustees of The Sea Ranger Association on the accounts for the year ended 31 December 2024 set OLrt on pages 9 to 15 My work has been undertaken so that I might state to the chartty's trustees those rnatters which l arn required to state to them as an independent examinerfs report and for no other purpose. To the fullest extent pemirtted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's tntstees for my examination WOTK for thts report, or for the opinions I have forThed. Raspective responsibilities of trustees and examlner The organisation's Truste8s are r8sponsible for the preparation of the accounts. The organisation's Trustees consider that an audrt is not required for this year under section 144{2) of the Charitie5 Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibilty to- examine the accounts under sedion 145 of the Act., follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145{5)Ib) of the 2011 Act and". state whether particular matters have come to my attention Basis of independent examlnefs statement My examination was carried out in accordance wrih the General Directions given by the Chatity Cornmissioners. An examination includes a review of the accounting records kept by the organisation and a comparison of the accounts presented with th¢)se records. It also includes consideration of any unusual items or disclosures in the accounts and seeknng explanations from the Trustees conming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a rue and fair vie and the rewjrt is limÉied to those matters set out in the statement below Indapndent examin•rfs statement In connection with my examination, no matter has to my attention: (1) which gives me reasonable cause to believe that in any material resped the requirements.. . to keep accounting records in accordance wth section 130 of the 2011 Act" and . to prepare accounts which accord with the a¢UntIng records and comply with the accounting requirements of the 2011 Act have not been met" or to which, in my opinion, attention should be drawn in order to enable a sxoper understanding of the accounts to be reached. (2) Peter Nicholls, MBE MMT PN Independent Examinations, 5 Nursery Road. HAVANT, Hampshire P09 3BG Dated: 26th April 2025
SEA RANGER ASSOCIATION STATEMEpif OF FINANCIAL ACTIVfflES For year ended 31 Dec 24 2024 2023 Income from- Totsl FufK15 Furds Donations & Grants Charitsble Actsvrtes Other Trading Activities Investment £ 83,307 £ 2.231 £ 13,147 9,600 7,226 £ 2.717 £ 85,537 £ 13,147 9,600 £ 9,943 £ 30.770 £ 11.564 9.600 6.864 Total Income £ 113.279 £ 4.948 £ 118,228 £ 5&, 798 Expendituwe on Raising Funds Charitable Activities 895 £ 21,594 £ 30,225 895 £ 51.819 1, 166 E 36.557 Total Expenditure £ 22,489 £ 30.225 £ 52,714 £ 37.724 Net Gain or Loss £ 90,790 £ {25.277) £ 65.514 £ 21.074 Investments Unrealised Gain {or Lossl. 634 Net Movement in Funds £ 90.790 £ {25,2771 £ 65,514 £ 21.708 Totsl Funds Brought Forward £333.237 £ 42,429 £43.784 £419,450 £ 397.742 Total Funds Carried Forward £424.028 £ 17.152 £43.784 £484.964 £419.450 Movement on all reserves and all renIs& gains and k)sses are shown atVe. All of the organisab"on's operab.ons are classed as conbnuing. SRAD9¢24 BSPW3$0FASiR*
SEA RANGER ASSOCIATION Charity Registration Number 269659 Company Number 1211248 BALANCE SHEET 314Jec-24 l-D@c-23 ASSETS UNRESTrUED REsTTED ENtYMIENT FUNDS FUNDS TOTAL )t8 FUP4DS FUNDS Fixed Assets Property Total Fixed Assets Yj £ 135,000 135,000 £ 135.000 £ 135,000 £ 135.000 £ 135.000 Current Assets Stock5 Debtors and Prepayments Bank Accounts 3.097 7.178 2.277 £ 6,021 £ 3,097 £ 7,178 £ 8,299 3.323 4,Q59 £ 29,008 Flagstone Deposit NS&I Account NS&I Account- Rose Cottage Charities Deposit Account Total Current Assets £ 260.824 £ 27,723 £ 43.785 £332,332 283 283 99 99 352 352 £ 274.110 £ 33.744 £ 43,785 £351,639 £ 192,458 £ 49,899 10.665 334 £ 289.745 LIABILITIES Current Liabilities Creditors Total Currenl LbIlIbeS 12 1,675 1.675 1.675 1.675 5,295 5,295 Nel Current Assets £ 272,435 £ 33,744 £ 43.785 £349, £ 284.450 Net Assets £ 407.435 £ 33.744 £ 43,785 £484,964 419.450 For the year ended 2024 the company was entsued to audit exemption under section 477(21 of the Companies Act 2006. No members have required the company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Cornpanies Act 20(hS_ The Trustees acknowledge their responsibilty for. {il Ensuring the company keeps accounling records which compty wth Section 386 and lill Preparing accounts which give a true and fair view of the state of affairs of the company as al the end of ils profit and Ioss for the financial year in accordance bwlh Section 393. and which otherwise comply with the requirements of the Companies Act relab.ng to the accounts, so far as applicable to the Company. Approved by the Trustees on 26th April 2025 and Signed on kneif behalf by IUOY Tessa Bullimore FCC& Hon Finance Officer 10
SEA RANGER ASSOCIATION Notes to the Aecounts dated 31 December 2024 Note 1- Accounling polieies Basis of Preparation The financial statements are prepared under the historic cost convention (as modtfied by the revaluation of fixed asset investtnentsl and in accordan wtth applicable ac¢ounting standards-. Charrties Statement of Recommended Practs"ce 2019 and the Charities Acts. The charity has adapted the Companies Act fomats to fefiect the Sla1 nature of the nature of the charity's activities. b. Company SLItus The charity is a company lirnited by guarantee. The members of the council are the trustees named on P8ge 3. In the event of the charity being wound up, the Ihability in respect of the guarantee is limited to £1 per member of the charity. c. Fund Accountlng General funds are unrestricted funds which are available for use at the discretion of the Mjslees in furtherance of the general objectives of the charity. Restricted funds are funds which are to be used in accordance with spectfic instructions imposed by donors OT which have been raised by the chartty for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund Is set out in the notes to the financial statements. Endowment funds represent those assets that are held ManadY by the charity. Income arising on the endowment funds is restricted. Investment income and gains are alICated to the appropriate fvnd. d. Income il Donations are included in the Statement of Financial ActThiilEs ISOFAI when the chartty becomes entitled to the donabon or grant and it is reasonabty certain Ihat r( will be receÈved and the value can be measured with sufficient reliabilty- ill Income from fund raising is reported gross in the SOFA iiil Grants and donations are onty included in the SOFA when the charty has unconditional entitlement to the reSoUrs. For legacies. entitlernenl is the eartier of the charity being notified of an impending distribution or the legacy being received. Income from grants, including capitsl grants, is included in income when these are receivable except as follows.. a) when donors specify that grants given to the chanty must be used in future alOub"ng periods, the income is deferred until those periods. bl when donors imwse condrtions which have to be ftjlfilled before the charity becomes entitled to use such income, it is deferred and not included in income until the precondth.ons for use have been met. When donors specifiy that grants, including capital grants. are for patt'cular reStted purposes, which do not amount lo pre-condibons regarding entitlement, this irwme is included in the income of reslricled funds when receivable. ivl 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 charity. Grft5 in Kind for use by the charity are included in the SOFA as income when receivable. No amounts are included in the financial statements for services donated by volunteers. vl Donated services and facilties are onty included in income (with an equivalent amount in expenditure) where the benefit to the chaNty is reasonab quanlthable, Measurab and material. The value placed on these resources is the estimated value to the charity of the servicE or facilrty recetved.
e. Expenditure and Liabilities Liabilities are recognised as soon as there is a legal or constnjctive Oblatr"On committy.ng the charity to the expenditu. All expenditure is accounted for on an accruals basis and has been classified under headings that aggrate all costs to the category. The charities operating costs include premises and other related costs. Management and administration costs are those incUed in connectson vthh administrats.on of the charity and complaince with constitutiorsal and statutory requirements f. Boats and Equipment The Associat'on owns various t*)ats and equipment and the contents of Rose Cottage, which have either been gifted or purchased from grants made to the Association. These items are not included in the fixed assets in the accounts. For insurance purF)oses they are valued at £3WOO (£30600 in 20231 g. Stock Stock consists of purchased gotxjs or resale. Stocks are valued at the kjwer of cost and net realisabFe value. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed. h. Investmgnts Investments were sold in 2023_ i. Changes to Accounting Policies and Previous Year Accounhts There has been no change in the accounting poIleS since last year and changes to the previous year accounts. j. Property The propety at 1 Riland Road, Sutton Coldfield B75 7AQ Ifomierty Valiant HQ) was brought onto the accounts in 2009. This property is let to eam income for the fund. It was professionally revalued at £135,000 in March 2018. 2. Donations and gifts During the year donations. induding Gift "d refund5. amounttng to £85537 {2023 - £30770) were received from various supporters of the Assowtson. 3. Investment and Deposit Incomg Interest receniable.. £9943 (Previous Year £6864} 4. Trustees. Remuneration No payments were made to trustees in the year ended 31 December 2024, atthough expenses incurred by trustees were reimbursed. 5. Slaff Costs The Association does not have any paid employees. 6. Taxation There is no liabilty for corporation tsx as it is a registered chanty {No 2695691. 7. Control Relationships The charity is controlled by the tnjstees. 12
Note 8- Income 2024 2023 Donations Waterwilch Donations Other Donations UnreslFided FurKIs Restrxxed Funds AIIF 1,231 1,000 2.231 £26.905 É 3.864 £30,770 £ 83,307 £ £ 83.307 £ Ch8Iitable AclIv.eS- Subscri Subscriptions Charitable Activities- Trainin Rose Cottage Tyvac11 Charitable Activities- Events Events Charitable Activities - Su Sale of Badges Sale of Unifomi other Sales Charitable Activities- Other Insurance Contributions Miscellaneous Income rions £ 4,000 £4.3 £ 2,251 £ 195 £2,100 £ 285 £ 4.320 £ 161 lies £ 156 £ 199 £ 550 £ 160 £ 652 £ 27 £1,476 £ 7.996 £ 1.681 £ 13.147 £ 11.564 other Tradirp Acb"vities Riland Road Rent Investment Income Interest Total Income £ 9,600 £ 9,600 £ 7,226 £ £ 113.279 2.717 4,948 £ 6.864 £ 58, T98 Note 9 - Expenditure 2024 2023 Chantable Activities- General Administration and Sundries DBS Checks & Annual Fees Insurance - PAJPLIAII risks InSUran- Boats & Ha Publicity and PR Website Walerwitch Founder Presidents Award Crew Grants Charitable ActAvities- TTrinin Rose Cottage Officer Training Tyvac Training Day CharFtable Aclivilies- Events Events Charitable Activities- Su Badges Unifomi Other Stock Charitable Activities- Goveman Independent Examination £ 1.453 £ 321 £ 5,368 £ 1,509 £ 2,584 50 £ 1.422 £ 201 £5,723 £ 908 £5.641 8.015 1,210 21,000 £ 15.000 £ 2.038 £ 1,452 £ 658 £ 851 £4.329 £ 7,427 £ 566 £ 4.797 £ 149 £ 101 £ 139 £ 303 £ 521 £ 103 £ 275 £ 265 £ 21.594 30,225 £ 21.557 Fundraisin Riland Road Costs 895 £ £ 1.166 Total Expenditure £ 22.489 30.225 £ 37.724 13
Note 10 - Statement of Funds. At 1 Jan 24 Income Expenditure At 31 Dec 24 General Reserve Training Facilities Crew Loan & Grants Legacy £ 171,511 £ 2,804 £ £ 12,697 £ 475 20,621 772 £ 121.OCKJI £ 128,326 £ 89.400 {1.4891 172,826 13,173 393 217,726 Total Unrestricted Funds £ 333,155 £93A51 £ 122.489) 404,117 Endowment Funds Presidenys Award Capital Rose Cottage Permanent Endowment Rose Cottage Expendable Endowment £ 34,561 6.534 34,561 6,534 2,690 2,690 Total Endowment Funds £ 43,785 43,785 Restn"cted Funds Presidenys Award Interest £ 25,475 £ 2,248 Rose Cottage 4,131 298 Endowment Interest Rose Cottage R T Leg WateitCh Project (1.210) 26.513 4,429 1,000 11.905 £ 1,231 1.000 5,121 18.015 Totsl Restricted Funds £ 42.S11 £ 3.7T7 19.2251 37.063 Total Funds £ 419.450 £97,228 £ {31.714) 484,964 The General Reserve rEpfesents the free fvnds of the chanty, which are not designated for particular purposes. The President's Award is a fund lo enable Members of the Association to pathipate in challenging activitie5 which are agreed annually by the Council. The Rose Cottage ReseThe represents funds available for improvements maintenance of Rose Cottage and tts contents. The Training Facilib"es Reserve is a fund used to provkJe for Associatton training and training equipment. The Crew Loan and Grant Fund represents funds used lo enable the Association to make grants to crews and merrer$ for in house and extemal approved ath'vibes. It is also to make interest free loans to crews. The Legacy Reserve accounts for legacEs according to donors wishes or as agreed by the Council. 14
Note 10A- Analysis of Net Assets Between Funds Final Balances 31 Dec 24 Endowment ReStted are represented by.. Unrestricted (incl Designated) Total Fixed Assets Current Assets Current Liabiifiies 135,000 £ 135,000 274.110 £ 351,639 11.6751 £ {1,6751 43,785 £ 33.744 Total Net Assets 43,785 £ 33.744 407,435 £ 484.964 Note 11- Miscellaneous Debtors and Prepayments Flagstone Interest Accnjed DBS Credit Riland Road - Tenanys Insuran Riland Road Rent Insurance- Prepaid £ 3,510 140 295 £ 1,404 £ 1.823 £ 7,172 Note 12- Accruals and Creditors SRS Wakefield Urchin Icrewl Insuran Refund PNIE 300 275 £ 1.139 Note 13 - Other Inforniation The fund does not have any material commitments not provided ft)r in the accouTrls The fund has not given any guarantees to any third paty that Uld be called 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 the year end date nor the length of the fijnd's financial year. Al the fund's operations are contsnuing operations and no operations have been discontinued No funds are in deficit. The fund has no marketable intangible assets None of the funds functional assets have been revalued during the year and the fund does not have a policy of revaluab.on of these assets. The fund has no material fixed assets which have not bn caprtalised and included in the Balance Sheet. 15