## **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.**| 1 ## **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.**| 2 ## **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.**| 3 |**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.**| 4 ## **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**
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20|**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**||| 6 ## **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** 7 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| ## ## ## ##