2024-03-31-accounts - Rickmansworth And Watford Unit 351 Of The Sea Cadet Corps

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Trustees’ Annual Report for the period

From 01/04/2023 Period start date To 31/03/2024 Period end date

Charity name: Rickmansworth & Watford Unit 351 of the Sea Cadet Corps

Charity registration number: 282817

Objectives and Activities

Statement	SORP reference	Trustees’ statement
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The charitable purpose of the Charity (also referred to as the “Unit” or “TS Renown”) is to promote the development of young people in achieving their physical, intellectual, and social potential as individuals and as responsible citizens by the provision of education and leisure time activities using a nautical theme and in accordance with the principles, ethos and practices of the Marine Society & Sea Cadets (MSSC).
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	Main activities centre on offering young people a safe and structured environment in which to develop. Provide access to education and training including (but not restricted to): sailing (inshore and offshore), paddle sports, rowing, power boating, seamanship, navigation, cooking, first aid, drill, piping, meteorology, adventurous training, and community service. Provide opportunities to obtain a range of qualifications (internal and third party). Provide opportunities for community involvement.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Additional information (optional)

Statement	SORP reference	Trustees’ statement
Contribution made by volunteers	Para 1.38	No specific financial contribution is made to the Unit by its Volunteers.

Achievements and Performance

Statement	SORP reference	Trustees’ statement
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	We provided a safe and comfortable environment for our children and young people to learn various practical skills, based on the traditions of the Royal Navy and develop their social skills through interaction with our volunteers and fellow cadets (senior and junior). Our volunteer staff are given training and support to provide the juniors and cadets with a high standard of learning. Highlights during the year include: • 2023 Greater London RFCA Lord Lieutenant’s Cadet from the Unit. • 2023 London Area First Sea Lord’s Cadet from the Unit. • Winners of the Killick Trophy for the second year in a row (second best unit in London Area) missing out on first place by a single point. • A total of 1,419.5 nautical hours achieved by young people (516 rowing, 145 powerboating, 124 sailing and 634.5 undertaking paddlesports). • Building improvements, including roof repair, renovation of Seamanship area and repainting of main deck, mezzanine and classrooms.

Financial Review

Statement	SORP reference	Trustees’ statement
Review of the charity’s financial position at the end of the period	Para 1.21	The Unit is in a stable financial position as at 31 March 2024: • Total income was £37,417; • Total expenses were £42,894; • Resulting in a net outgoing of (£5,477) for the year. The largest recurring source of income was cadet subscriptions, though the charity also benefited from a significant grant for the purpose of conducting repair to our roof. Other significant sources are donations (through fundraising events and JustGiving donations), and rental income (which will not be continuing into future periods). Main items of expense were building repair costs (in particular, repairs to the building roof and the foredeck area), and operational overheads (including electricity, insurance and heating oil).
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	A renovation reserve was historically retained to provide funds from which building improvement and unforeseen repairs costs could be covered (“re- equipment project”). That fund stood at £7,307 as at 31 March 2022, and was depleted in the year ended 31 March 2023. No reserves are held as at 31 March 2024; the Trustees are considering how a building improvement reserve can be re-established given anticipated levels of income and expenditure.
Amount of reserves held	Para 1.22	£ nil
Reasons for holding zero reserves	Para 1.22	See above: depleted during the year ended 31 March 2023. The Trustees are considering how a building improvement reserve can be re-established given anticipated levels of income and expenditure.
Details of fund materially in deficit	Para 1.24	n/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The primary contributing factor to the deficit in the financial year ended 31 March 2024 was the amounts spent on building refurbishment and repairs to the roof. These were conducted in mitigate the impact of future repair costs and with full understanding that it would result in significant exceptional outlay. Such spending is not expected to recur in future periods and certainly not within the coming 12 months.

Statement	SORP reference	Trustees’ statement
		The Trustees assess the Going Concern uncertainties and risks to be Low for the next 12-month period as the Unit has sufficient resources to be able to continue to operate in that period. Anticipating rising costs, the Trustees assess the Going Concern uncertainties and risks to be Medium beyond the next 12-month period.

Structure, Governance and Management

Statement	SORP reference	Trustees’ statement
Type of governing document (trust deed, royal charter)	Para 1.25	SEA CADET STANDARD CONSTITUTION (issued by: Director Volunteer & Business Support, Marine Society & Sea Cadets).
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated
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 are elected at the Charity / Unit Annual General Meeting. The AGM / election is open and overseen by a Returning Officer (as set out in the SEA CADET STANDARD CONSTITUTION).

Additional information (optional)

Statement	SORP reference	Trustees’ statement
Policies and procedures adopted for the induction and training of trustees	Para 1.51	Trustees are also Cadet Force Adult Volunteers (CFAVs). Our Unit CFAVs undergo Enhanced DBS vetting prior to appointment and on a regular basis, and must undertake Safeguarding and Data Handling training courses on a regular basis.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	Although a separate and independent Charity, the Unit is affiliated to and governed by procedures and oversight of the Marine Society and Sea Cadets (a charity registered in England and Wales 313013 and in Scotland SC037808).

Reference and Administrative details

Charity name	RICKMANSWORTH AND WATFORD UNIT 351 OF THE SEA CADET CORPS
Other name the charity uses	• Rickmansworth & Watford Sea Cadets • TS Renown
Registered charity number	282817
Charity’s principal address	Cassio Bridge Watford Road Rickmansworth Hertfordshire WD3 3DG

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
Priyankumar Patel	Chair		Elected byUnit Membership
Marlene Rhodes	CommandingOfficer		Elected byUnit Membership
Malarvile Velaigam	Trustee		Elected byUnit Membership
Nitin Makharia	Treasurer		Elected byUnit Membership
David Barton	Trustee	Until 20 March 2024	Elected byUnit Membership
Deborah Tindall	Secretary	Until 12 April 2024	Elected byUnit Membership
Jonathan Hemingway	Trustee	Until 7 May 2024	Elected by Unit Membership
Paul Matarewicz	Trustee	Until 20 June 2024	Elected byUnit Membership

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

Director name n/a

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
n/a

Funds held as custodian trustees on behalf of others

Description of the assets n/a held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets

Exemptions from disclosure

Reason for non-disclosure of key personnel details

n/a

Other optional information

n/a

Declarations The trugtee• declare that th•y h•v• approvgd the trusloe8' r•port alx•ve. Slgned on l)ehalf ol the charlty's Irustee• Signaturels) Full name(g),' PRIYANKUMAR PATEL Position leg Secretary. I CK41R Chair. etc) SILt {SCC) MARLENE RHODES RNR COMMANDING OFFICER Date 17 JANUARY 2025

	As at		Asat
	31 March	2024	31 March2023
Accumulated fund
Balance at 1-Apr-2023		167,432	167,432
Surplus/(deficit)	(5,477.25)
		161,955	167,432
Total Funds	161,955		167,432
Assets
Fixed Assets		143,212	143,212
equipment
Minibus Cost		5,000	5,000
		148,212	148,212
CurrentAssets
Stock Fuel Oil		300	300
MS-SCAnnual Fund
Nutty stock
Cash at Bank		24,370	31,392
Training account		2,486	943
Petty Cash			158
Current Liabilities
Lochan Memorial fund		11,877	11,877
Cadets Fund		897	1,056
Petchy		639	639
Working Capital/ Liquidity		13,743	19,220
Total Assets	161,955		167,432