REGISTERED NUMBÈR: 294517 (England and Wales) REPORT OF THE TRUSTEES AND ACCOUNTS FOR THE YEAR ENDING 31 MARCH 2025 FOR TRAINING SHIP BROADSWORD SEA TRAINING CORPS BROADSWORD Tralnlng Shlp Broadsword Sea Tralnlng Corp8 178 Woodfield Park Cool Oak Lane West Hendon London NW9 7ND TRAINING SHIP BROADSWORD SEA TrAINING CORPS ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025 INDEX TO THE ACCOUNTS Index Page 2 Charity Infomiation Page 3 Report of the Trustees Pages 4 and 5 Chainnans, Report Page 6 General Account R￿ipts and Pay￿￿nts Page 7 Project Account Re￿Ipts and Payments Page 8 Accountants, Report to the Trustees Page 9 Statement of Assets and Liabilities Page 10 Trustees, R6spon&bilities Page 11 Notes to the Financial Statements Page 12 Page 2 ThAINING SHIP BROADSWORD SEA TIIAINING CORPS ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025 CHARITY INFORMATION CHARITY NAME: Training Ship Broadsword Sea Training cO￿S PRINCIPAL OFFICE: Cool Oak Lane West Hendon London NW9 7ND MAILING ADDRESS: Cmdr G F Beck M.B.E. - B.Ed. 3 Glenwood Avenue Kingsbury London 7PL TRUSTEES: Cmdr. G F Beck M.B.E.- B.Ed. Lt. Cmdr. J A Bed( Lt. P Turton Lt. A Mason Mr Mark Jacob8 Mr Pearse Fitzpatrick Mr Padraig Fitzpatrick Mr Arran Heerasing REGISTERED CHARITY NUMBER: 294517 BANKERS.. Lloyds Bank PIC Hampstead LorKlon INDEPENDENT EXAMINERS.. Cedar Accountancy Limited Registered Company Number 8555020 Santa Rosa Broughton Road Storey Stanton Leicester LE9 4JA The Trustees wish to thank the following for their donations: National Lottery (Community Fund) Rose Foundation Page 3 TRAINFNG SHIP BROADSWORD SEA TrAINING CORPS ACCOUNfs FOR THE YEAR ENDED 31st MARCH 2025 REPORT OF THE TRUSTEES Meeting Held on Friday 14th April 2025 Training Ship Broadsword Sea Training Corps, TS Broadsword STC, is an unincorporated organisation and is registered as a charity, number 294517, in accordance with the CharitFes Act 2011. It is governed by a Gonstitution dated 06 May 1986, amended 16 February 20￿ to remove the requirement of an audit to be perfomed on the accounts. The primary objective of the charty is to encourage the mental, physical and spiritual development of young people. the cadets, in order that Ihey might develop into responsible adult members of society, through the medium of Royal Naval routines, tradrtions ar￿ ott￿r studies. The Trustees are appointed by resolution of the existing trustee b(yJy and the management committee. All material items are discussed and agreed by the management commrttee. All olher items such as the day to day running of the charity are responsibihty of the Trustees. Projects and acUvltle8 The charity organised several outings during the year for the cadets to participate, such as attending civil and military events. orienteering, abseilirg, camping trips, saillng trips, canoeing, athletic competitions, football matches and taking part in fundraisi￿￿ activities. These activrties take place off 8lt8, such as shopping centres, school fetes and carnNals. There are also a number of events that are held at TS Broadsword HQ such as rock climbing, abseiling, football. camping, open days, band days and many fundraising events which all the cadets tske part in. All staff and volunteers are unpaid and provide their services and b'me freely. Without this support the charity would find it extremely dIff￿ul1 to continue to Nn and provide the activitie8 described above. Our plans for next year are to continue trying to obtain further funding to enable continuation of t charty's objectives although the Truslees appreciate this will be difficult due to the current ongoing economic climate. It is anticipaied that funding will be even harder to obtain, therefo￿ the Trustees intend to increase collections, fete stalls and to hold car boot sales every six weeks, lo try to maintain and increase income. It is also planned to try to woth dosei with Cadet Corps and other local clubs. Reserves pollcy The Trustees of the charity intend to keep on reserve, sufficient amounts to ensure that the day to day running of the unrt can continue for between six to twelve months. It is hoped this would enable adequate time to find replacement funding. However, funding is always being searched for so that the charity can continue. At present there are no unallocated reserves and the Trustees do not have any large building OT maintenance wofks or capital asset additions planned, which would require additional reserves. It is hoped to be able to build up ￿serveS in the future. These reserves will be required to cover the running costs of the charity and to fijnd building works neces8ary for the continuation of the unit. Invesknent policy The Trustses havo considered the policy for investsnents. Page 4 TRAINING SHIP BIiOAD5WORD SEA IRAINING CORPS ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025 REPORT OF TrIE TRUSTEES (COKnNUED) Internal and External Works The Trustees are pleased to report that during 2024 - 2025 the intemal works conts'nued apace. The suspended ￿llIngS for insulatson. along with energy efficEnl lighting panels, have been fitted almost eve￿here together with the new washable nonslip knf tiles. The grounds and the surrounding areas landscaped and maintained by our own self help. Rlsk review The Trustees have Fwforw£d a risk review, and this has resulted in ensuring the Public Liabilty Insurance provides adequale cover and the possibility of a Health and Safety Review. Also, the Trustees realise that the continuation of the charity is dependent on the 5UPPOrt of volunteers and to ensure this exists a good relationship is maintained with the volunteers. Record of thanks The Trustees would like to take this opportunity to thank all member5. volunteers and the public who have contributed their time and ServI￿S to the charty over the last year and hope to repeat the success in the future. The Trustees would also like to Tecognise and thank the donors for their help and assistance during the year, hcmever large Of small, towards projects and running costs, which is imperative. Without this support the vitally important work that the voluntsry staff and helpers perfonn to continue the chariVs objectives in offering the younger generation stability, security, a sense of belonging and respect for other persons and property. W[￿ld be even more diffKult to achieve. We would like to welcome Mrs Boston to our managemenl committee. The Trustee$ further mentloned that they were pleased to note that the charity's numbers are slowly increasing. It Is ￿th great sadness that we note passing of another two of our members during the last year. Sadly, we shoukl also remember three of our Senior Citizen Lunch Club members who also passed last year. Page S TRAINING SHIP BROADSWORD SEA TRAINING CORPS ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025 CHAIRMANS, REPORT The Chaimian gave a waming that there is still work to be done on the headquarters. He ststed that one project alone. the restoration of the unit cess pool would be in excess of £26,000. the thity year old roof also needs costly attention. He went on to say that the old carpet liles, previously laid throughout were a disgrace and needed replacing with maintenance free, rubbef, intedocking tiles which would cost some £10,000 due lo the area to be covered,. however, this cost should not increase due to seff-help and was pleased to say a lot of this has been completed in 2024r2025. We are pleased to report the tiles for the next phase have been purchased, are on site and have sirTr been fftted throughout. ON BEHALF OF THE BOARD OF TRUSTEES: Signed.. Soned: Lt, Cmdr, J A Beck - Trustee Cmdr. G F Beck M.8.E. - B.Ed. Trustee Date.. Date.. Page 6 TrAINING SHIP BROADSWORD SEA TRAINING CORPS AccouKfs FOR THE YEAR ENDED 31st MARCH 2025 GENERAL ACCOUNT RECEIPTS AND PAYMENTS Lloydx Bank Account Number 01777666 Sort Codè 30-9340 Detal Recelpts £3,312.40 Payment$ Balanco ning Balance Bank Refunds Movement of funds Sale of equpi rnent £230'.00 £6.51X).00 £6 500 00 £1,121.64 £1.180.00 £120'.IX) £604.42 £512.00 Subscripti¢)ns Unrform deposts and returns Galley Stores Purchase of equi Maintenance of equi ment Vehicle insurance. tax. MOT and maintenance Postage Stationery and printin Headquarters maintenance Buildin work. refurbishment and 88s0(aated fees Fundraisin . donat￿n$ and Fyoiessional fees Presentation. open even s and cerernonials Camps and cwrses Affiliation fees and DBS checks Bank charges and interest Cess it empties Utilsties.. Gas, elertric arml w8ter Buildi , contents and personnel In3urance Phones and interr*t Business rates Ground ront Alann s stem Donations Bar licence £60.00 £314.44 £289.81 £931.'23 £20.00 £282.20 £288.88 £1,832 30 £3,417.43 £12,991.14 £1.726.'37 £143.'24 £254 19 £11246 £750.00 £1.558.00 £498.29 £589.47 £739.29 £1.550 00 £505.'99 £20.984.25 £929'.(M) £1,212.'20 £189.89 £222.'50 £180.00 Runnin Totals and closlng balance £37.323:10 £35,795.83 £1.S57:47 AGREES wrrH BANK STATEMENTS Page 7 TRAINING SHIP BROAOSWORO SEA TRAINING CORPS Accouiifs FOR THE YEAR ENDED 31st MARCH 2025 HOLDING AND PROJECT ACCOUNT RECEIPTS AND PAYMENTS Lloyds Bank Account NuM￿r 01777550 Sort Codo 30-9340 Detalls Roceipts Payments Balance Openi Balance £42,422.'83 Bank refund Donations usi _>ment Fundraisin Bank cha es and interest Stores urchases Buildin insurance VehicFe insurance and lax Movement of funds SolLrtions (Climbi Gartec rts and lift re Mepani Electrical upgrade aN Buildin s Electrics £105.83 £140'.00 rchases £2.962.26 £1.495'.00 £51.71 £570.00 £4,241 48 £2.626 39 £6.500.00 £3.162.00 £1.849'.28 £6.500:00 Wall £5,496.00 £20,214.54 The balan￿ of account number 01777550 is committed for the purposes of maintaining Broadsword's centre, development of voluntary staff to enable income generation. AGREES I￿rH BANK STATEMENTS Page 8 TRAINING SHIP BROADSWORD SEA TRAINING CORPS ACCOUNT5 FOR THE YEAR ENDED 31st MARCH 2025 ACCOUNTANTS, REPORT Accountants, report to the trustees on the preparation of the unaudited accounts of TRAINING SHIP BROADSWORD SEA TRAINING CORPS for the year ended 31 March 2025 As described on the statement of assets and liabilities, the trustees of the charity are responsible for the preparation of the financial slatements for the year ended 31 March 2025 which comprise the receipts and payments accounts. statement of assets arKI liabilities and related notes. You consider that the charity is exempt from an audit under Ihe Charities Act 2011. In accordance with your instructions, we have prepared the unaudited accounts in order to assist you to fuffil your ststutory responsibilFties, from accounting re￿)rdS and from infomiation and explanations supplied to us. Signed.. Date: 37. L¥ 3£ Cedar Accountsncy Limrted Santa Rosa BroughtDn Road Stoney Stanton Leicester LE9 4JA Pa8e 9 TRAINING SHIP BROADSWORD SEA TRAINING CORPS ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025 STATEmE￿r OF ASSEfs AND UABIUTIES ASSEfs REtAINED FOR THE CHARITY> OWN USE: Land and buildings OCCUp￿d for the 801e use of the tharity £2,863.304.00 Vehicles and number plates Trainin aidslactivit equipment Two Galley kitchen, bar equipmenl a￿1 stores Miscellanew8 bedding and racking Unrfonn store8 Com ers arKI nters. Cam 8qUi ment Band stores and associated ment Offirk fvmiture Boats and associated e Fumrture Ceremonlal equipment and associated acce380ries Tools, lawnmower and associated equipment BanLuetin ui ment Entertainment equipment (Slage htin arKI Mixer Boards £11.000.00 £12,000'.00 £12.000'.00 £6.(Y)O:00 £15.(￿.00 £5,000.tXI £8,000'.LK) £9,000.'00 £20,000.00 £20,000: £10.000:00 £10,000.00 £10,500.00 £3,023.804:00 TOTAL Unrestricted assets are shown at valuation a5 oi*ained by the Trustees of the charity. The Trustee6 con8ider the valuations to be r8a80nable. based on second hand market valuations. Inveslment•: £15.844.C#) Llabllltl••: Unrfomi deposits £ 1,200.CKJ Page 10 T1141NING SHIP BROADSWORD SEA TIIAINING CORPS ACCOUNTS FOR THE YEAR ENDED 31st MAKH 202S TRUSTEES. RESPONSIBILITIES For year ending 31 Marth 2025. the chartty was entlded lo exemption from audit under the Charities Acl 2011. Trustees, responsibilities: The members have not required the charity to obtain an audit of rts financial statements for the year r8POrted in accordance with the Act. The trustees ackn￿edge their responsibilities for comFAying wrth the requirements of the Act with respect to accountlng records and the weparation of financial ststements. These fi'nancial statements have been prepared in accordanc£ wrth the provisions of The Charities Act subieGI to the small chariti6s' regime and in accord8ncA with The Financial Reporting St8nd8rd applicable in the UK and Republic of Irelar)d'. SIGNED ON BEHALF OF THE BOARD OF TRUSTEES: Cmdr. G F Beck fvl.B.E. - B.Ed. -Tru8tee. AFproved by the Board of Trustees on ...... Page 11 TRAINING SHSP BROADSWORD SEA TrAINING CORPS ACCOUNTS FOR THE YEAR ENDED 31st MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS BASIS OF PREPARATION These financial statements comply with the Charities Act. TRUSTEES EXPENSES There were no 6xpenses paid to any of the charty TrL*tees for the year ended 31 March 2024 or for the year ended 31 March 2025. STAFF COSTS There are no employees of the chanty, all work is contributed volunt8ri1y. LAND AND BUILDINGS Restricted The r8Stricted elemént of the land and buiklings relates to Improvements. Unrn•trlcted Land and buildings are held under a lease between L.B.B. and the Trustees of Sea Training Corp8. The lea88 oxpires on 27 February 2057 and has an annua rert of £1.550. DESIGNATED FUNDS Designated fund8 comprise of unrestricted funds that can and have been set asid8 by the Tru8t8e8 lor particular purposes. Income from donations, grants and from benefactors have been used in respect of the assistance in the running of the charity and as such a financial value cannot be easily attributed. Such beneffts are excIL￿ded frMI the statement of financial activitse8 EXPENDITURE All expenditure by TS Broadsword is a¢counted for and has been dassified under relevant headings that aggregate all costs related to and Incurred by that category. Expenditure Involving more than one category and wthin the parameters of the administration of the charity have been apportioned by the Trustees on a reasonable. Justffiable and consistent basis. Page 12