Charity Number 303130 KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS ANNUAL REPORT 31 MARCH 2024 Page l of 17
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS TRUSTEES, ANNUAL REPORT for the year ended 31 March 2024 The Trustees present their report and the financial statements of Kingston and District Unit 20 Sea Cadet Corps forthe year ended 31 March 2024. of the REFERENCE AND ADMINISTRATIVE DETAILS The Trustees who have held office since 1 April 2023 are as follows: Conve ancin T stees Mr Tony Anstee Mr Edward Bentall Mr Rowan Cole Mr Alan Skinner Life President Chairman Unit Mana Trustees Mr David Ansell (died 5 February, 2024) Mr David Brock Mr James Duffy Mr Tim Hope-vvynne Mr Kelth Lemon (appointed 2 October. 2023) Mr Peter Mould Chairman Ms Karin Rattray (appointed 2 August 2023) ement Team UM The principal address of the charity is T.S.Steadfast, Thameside, Kingston upon Thames, Surrey Fff1 1 PX. The address of Mr Rowan Cole, the charity coffespondent of the Trustees. is Pyne House,, Ditton Grange Drive, Long Ditton, Surbiton, Surrey Kf6 5HG. The charity is wistered under charity number 303130. The Trustees have made the following professional appointments: Solicitor Moore Barlow, The Oriel. Sydenham Road, Guildford Surrey GU13SR Treasurer. Mr James Duffy, 47 Bazalgette Gardens, New Malden, Surrey l(r3 5HF Accountant . Mr Clive Barger, MAAT, 12 Hartley Way, Purley, Surrey. CR8 4EG Independent Examiner. Mr Raymond Barger, 43 Erpingham Road, Putney. London, SW15 1 BP Bankers: CAF Bank Limited, 25 Kings Hill Avenue, lfjngs Hill. Vvest Malling, Kent ME19 4JQ The day-to-day responsibiltty for the running of the Sea Cadet Unit rests with the elected Unit Management Team CUMTI comprising the following members: Mr Peter Moukl- Chaimian Mr David Ansell - Deputy Chaimian Mr David Brock Mr James Duffy- Treasurer Mr Tim Hope-vvynne Ms Karin Rattray Mr Keith Lemon Page of 17
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS TRUSTEES. ANNUAL REPORT for the year ended 31 March 2024 FINANCIAL REVIEW Review of the results for the year Results overview Income 2024 2023 Misc. income 25,454 22,609 Less:_ Operdting costs Surplus/ (Deficit) for year Gainl(Loss) on COIF Investment Net surplus/(Deficit) for year 15 275 34 892 44511 (9,438) 24 713 121,902) 2385 24 287 The unit made an operating loss in the year of £ 9,438 {2023 £ 21,902) to which the gain on thp COIF investment fvnd of £24,713 (2023 - loss of £2,385) was added making an overall surplus for th'e year of £15,275 (2023 - deficit of£24,287). Overall operating costs during the year fell by £9,619 largely due to savings in cadet direct expenditure as a resutt of the introduction by CO Luke Ball of new and more efficient processe$ and procedures following his appointment in August, 2023. Donated subscription income increased by £1,476 over the previous year as a result of a decision taken by CO Luke Ball to increase the rate of subscription from £13 per month1£156 pa to £18 per month1£216 pa. Ca ital Ex enditure There was no capital expenditu during the year {2023- £1,718) within the definition set out in the notes to the accounts on page 13. Reserves Polic It Ès the policy of the Trustees to maintain sufficient reserves to enable the charity to continue to provide services to young people in accordance wtth the objectives of the charTty and to maintain the fabric, equipment and services of the building to a high standard. For the above reasons, the Trustees t¥elieve that the reserves held by the charity are not excessive and are likely to be required in the future. Investments Policy It is the policy of the Tnjstees to minimise financial risk and to maintain funds either in casb or in investments which can be easity and inexpensively realised. i• Internal Control The Trustees believe th* the continual focus on costs is essential rf the charity is to maintain an adequate level of reserrfes to meet the ever-changing financial challenges presented by dimate change, ever increasing legislation. the educational needs of the cadets and the costs of maintaining t1 unit building to a high standard. Page 7 of17
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS UMT CHAIRMAN'S REPORT for the year ended 31 March 2024 IN MEMORIAM UMT Vice Chairman- David Ansell After a long and protracted illness, our Vice Chairman Dave Ansell died of pancreatic canr i February 24. As a character and working member of Unit Management Team (UMT) Dave is sorely missed. As a Marine Cadet, member of Staff and subsequently a member ofthe ufvff. his 45 years+ seNice to Steadfast was invaluable. Over those years, his skill and dedications saved us thousands o pounds. The Units Staff, Cadets and all UMT Members attended Dave's fvneral. as did representatives from the Corps and our'chummy, Units. Petty Officer- Phil Webb Phil was a big man physically and he had a powerful presence. He was however brflliant with the cadets. Large an(1 imposing as he was, he always had a way of telling cadets what to do and how to do tt, without imposing his stature. I wttnessed the respect he had from the cadets and I saw him control large parties of cadets without formal drill and lots of shoutlng. Phil was a professional driver and body guard but whenever he was available, he volunteered to drive cadets to and from events in hired vehicles. He died in hospital soon after a heart attack in October 2023 and many members of the UMT, unit Staff and several senior cadets attended his funeral. GENERAL UMT Wice Chaimian- David Ansell (in memorium) After a long and protracted illness, our Vice Chairman Dave Ansell died of pancreatic cancer in February 24. As a character and working member of Unit Management Team (UNffj Dave is sorety missed. As a Marine Cadet, member of staff and subsequentty a member ofthe UKff, his 45 yeaT5+ service to Steadfast was invaluable. Over those years, his skill and dedication saved us thousands of pounds. The Units Staff, Cadets and all UMT Member5 attended Dave's fvneral, as did representatives from the Corps and our'chummy, Unts. UMT Responsibilities In addition to Ihe Team's. general and regular communications, each member of the UMT has accepted specific responsibilities. These are- Peter Mould (Chaimian) Day-to-day liaison with the Commanding Officer. AII UMT communications with Sea Cadet HQ arKVor London Area Office. Monitoring of all insurances and maintenance1servl (x)ntracts. Communicating an(Yor discussing all important mattersfssues to the UMT members. Tim Hope-wynne (Secretary) Recording and publishing the Noteslminutes of all UMT meetings David Brock (ex- Chairman) Legal advice Insurance policies Jim Duffy Monitoring of financial dectsions/expenditure Gangway - Staff & Cadets super•4ision Page 8 of 17
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS CHAIRMANS. ANNUAL REPORT for the year ended 31 March 2024 Karln Ra.ttray UMT fund raising planning & support Keith Lemon General maintenance. Clothing Store management, Transport advisor Command Sub Lt N. Short resigned from her role as Commanding Officer in May 2023. Her family memtsrs, who were also Staff member, followed suit. I therefore sougm help from the Area Officer who immediately charged the District Officer (DO Lt. Cdr. Mark Purcell - with the task of co-ordinating District & Area assistance to ensure that Steadfast continued to operate as an effjcient cadet training unit. The DO soon arranged for himself to be appointed Temp Commanding Officer and, having co-opted assistance mainly from Wandsworth Unit, Steadfast immediately began to rebuild. Wrthin two months, Lt. Cdr Purcell had produced a shortlist of candidates volunteering to assume Command of Steadfast, our cadet numbers were retained and the level of organised training had been increased. All that assistance from the Area & District (mainly from Wandsworth & Chiswick Units) proved both vital and successful for Steadfast. During the summer of2023,1 and other members ofthe UMT met with two of the 'volunteer I candidates, for Commanding Officers. After a second interview. we selected PO Luke Ball, who was then the Executive Officer of Chiswick Unit from which he was tranSfed to Kingston to assume Command in August 23. Petty Officer Ball's performance since August 23 has impressed us all. He is continually introducing new ideas and updating the Units 0[rational methods. ACHIEVEMENTS & PERFORMANCE The Commanding offi¢S Report provides detail on specific cadet achievements since Aug23. However. it is clear to the UMT that the excellent work done by the DO and Staff from Wandsworth Unit during May to August 23 plus that subsequently introduced by PO Ball - has stabilised Steadfast's training programme. the cadet's involvement, enjoyment and advancements (promotions). IMPROVEMENTS Water Heater In February 23 our gas-fired hot water heater burst and was effectively obsolete. That unit had provided the hot waterto all the toilets, showers, the Galley and Wardroom. We then had to produce hot water via electric urns and kettles. However. by early April we had selected, installed & commissioned an electrically powered water heating system. In 2025, we plan to seek fund-matching support for the supply, installation & commissioning of efficient solar panels on our flat roof to provide power to the new water heater and possibly some of our lighting. Transport wrth the lack of approved hired minibus drivers avaÉlable and our previous in-house problems with the use of RAKAT (Richmond and Kingston Accessible Transport). we have relied heavily on vehicles loaned from other Units and Parents driving our teams to & from Cadet activities. Responding to this issue, the UMT has recently agreed to source and arrange the purchase of our own minibus. To do so, we have created a sub-committee to search for a suitable vehicle. At the same time, I will seek Sea Cadet HQ advice and assistance with funding the purchase. COSTS & INCOME The Accountant's Financial statements within this Annual Report show that during the financial year 2023124, we operated wtthin our operation tatYJet of spending only our 'eamed income, plus the interest from our investments. We actually achieved a surplus - which rf continued. will help to Page 9 of17
balance the increased expenditure in recent years. This will be an ongoing objective for the UMT to achieve. I must take this opportunity to fornlIy record my appreciation of all the work the Unit Staff, th members and the Conveyancing Trustees do throughout every year. In particular, I thank our President. Edward Bentall for his long-temi support of T.S. Steadfast. This Report was approved by the UMT on 12 October 2024 and was signed on their behalf by the Chalman. UMT rfe . UMT Chairman - 12 0(*ober 2024 Peter Mould INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS I report on the accounts of Kingston and District Unit 203 of The Sea Cadet Corps for the yea 31 March 2024. which are set out on pages 11 to 17. Respective responsibilities of trustees and examiner The charTty's Trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audlt is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. ended It is my responsibility to: examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and to state whether particular matters have come to my attention. Basis of independent examinevs report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination indudes a review of the accounting records kept by the charity, and a comparison of the accounts presented with those reCOS. It also includes consideration of any upusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such rnatte. The proCedUS 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 Yrue and fair view. and the report Is Ilmited to those matters set out In the statement below. Independent examiner's 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 with the accounting records and comply with the accounting requirements of the 2011 Act have not been met: or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached............... ..................... Raymond Barger Putney, London, SW15 1 BQ Date: 12 O¢ober Page 10 of 17
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS INCOME & EXPENDITURE ACCOUNT (Statement of Financial Activities (SOFA) for the year ended 31 March 2024 Unrestricted Restricted Total Funds Funds 2024 Totsl 2023 Notes INCOME Charitable activities Fund raising - Canbury Gardens project Donations, unifomi sales, deposits and Gift Aid Rental income Parking space rental Bank interest 1,050 17.328 5,980 1,125 149 1,050 17.328 5.980 1.125 , 149 1.100 13.572 6,000 1,500 66 25,632 Investment income Gain/(deficit) on sale of investment 25.632 22,238 (178) (178) 371 TOTAL INCOME 25,454 25,45411 22,609 EXPENDITURE Charltable activities Cadet direct costs Unit building repairs, maintenance and safety costs General services Depreciation Bank charges 1,539 1,539 7,717 3,315 26,805 3,173 60 3,315 26,805 3,673 120 2,242 26.549 7.822 181 500 60 TOTAL EXPENDITURE 34,892 560 35,452 11 44,511 NET INCOMEI(EXPENDITURE) BEFORE GAINSI{LOSSES) ON INVESTMENTS Gain/(Loss) on revaluation of investments NET MOVEMENT IN FUNDS FOR YEAR FUND BALANCES BROUGHT FORWARD AT 1 APRIL 2023 (9.438) 24,713 (560) (9,998) (21.902) 24.713 (2,385) (560) 14,715 (24,287) 15,275 221,179 725 221,904 246,191 FUND BALANCES CARRIED FORWARD AT 31 MARCH 2024 236,454 165 236,619 221.904 Page 11 of17 |
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS BALqNCE SHEET 31 March, 2024 Unrestricted Restricted Totsl Funds Funds 2024 Total 2023 Notes FIXED ASSETS Tangible assets Investment 6,097 224,458 6,097 9,770 224,458 209,923 230,555 230,555 219,693 CURRENT ASSETS Debtors and prepayments Cash at bank and in hand 3,381 5,217 3,381 5.382 2.056 8.310 165 8,598 165 8,763 10,366 CURRENT LIABILITIES Creditors: amounts falling due within one Car parking rental received in advance 2,699 2,699 7,030 1,125 8.155 2,699 2.699 NET CURRENT ASSETS 5.899 165 6,064 2,211 TOTAL NET ASSETS 236,454 165 236,619 221,904 THE FUNDS OF THE CHARITY Restricted income funds Parents and supporters fund Galley equipment fund 165 165 225 500 165 165 725 Unrestrlcted income funds General Fund 146.454 90,000 146.454 131.179 90,000: 90,000 Building repairs fund 236.454 236.454, 221.179 TOTAL CHRITy FUNDS 236,454 165 236,6191 221,904 The financial statements on pages 11 to 17 were approved by the Trustees and authorised for issue on 12 October 2024 and are signed on their behalf by . Peter Mould Page 12 of 1
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 Unrestricted RestrictEd Total Funds Funds 2024 Total 2023 1. INCOME Miscellaneous activitles Fund raising event - Canbury Gardens 1.050 1,050 1,100 2. EXPENDITURE Cadet direct costs Unlfomis and badges Unifomi deposits repaid to parents Training courses Training materials and aids Transport Welfare health and safety Boat fuel 95 685 95 1.462 665 109 618 ' 2,508 335 141 496 141 496 10 Boat repairs EquFpment additions and replacements Staff training MSSC affiliation fees Miscellaneous event costs 300 190 160 100 (635) 1,539 300 190 160 100 (635) 1,539 469 720 100 721 TOTAL 7,717 Unit building repalrs, maintenance and safety checks Miscellaneous repairs, renewals and maintenance Equipment additions and replacements Maintenance of: Fire extinguishers Fire alarm and emergency lighting Intruder alarm for amioury Boiler and heating system Maintenance of foreshore 572 94 572 94 500 107 795 234 795 234 ,1,006 466 150 1,620 1.620 13 TOTAL 3.315 3,315 2,242 Page 14 of 17
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 Unrestricted Restricted Total Funds Funds 2024 Total 2023 General Servlces Insurance Telephone Staff travel and subsistence staff car parking costs Cleaning materials Gas supply Electricity supply Rates IT support and maintenance Intemet Zoom subscription Stationery, printing and postage Legal advice Accountancy charges Rakat membership fee Wreaths 5,675 173 5,675 173 4,33¥ 174 1,364 46 12 129 5.471 3,978 1,129 83 144 16 439 4,581 4,320 50 160 12 129 5,471 3,978 1,129 83 144 16 439 4,581 4,320 50 160 5.72 4,45 1,75 29 14 22 76 3,16 3,60 TOTAL 26,805 26,805 26,549 Depreciation Boats IT Equipment - Officelcadet equipment Galley storage facilities 564 487 1,748 374 564 487 1,748 874 1,31 487 1,72 4,29 500 TOTAL 3,173 3.673 7,822 3. TRUSTEE'S REMUNERATION AND EXPENSES None of the Trustees or members of the UMT received any remuneration for their services. ( Mr Clive Barger receives a contribution towards the accountancy service he provides of £4,320 pa (2023 - £3600 pa) . He is not a Trustee.) Page 15 of 17
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 TANGIBLE FIXED ASSETS storage facilities Boats Officelcadet Equipment IT equipment Total COST 1 April 2023 Additions 42.452 19,148 13,695 4,290 79.585 31 March 2024 42,452 19,148 13,695 4,290 79.585 DEPRECIATION 1 April 2023 Charge for the year 41,578 17,748 874 564 8,035 1,748 69,815 3.673 487 31 March 2024 42,452 18,312 9.783 2.941 73,488 NET BOOK VALUE 31 March 2024 836 3,912 1,349 6,097 31 March 2023 874 1.400 5,660 1,836 9,770 5. INVESTMENT COIF investment managed by the CCLA 2024 2023 Investment listed on a recognlsed stock exchange in the UK at market value - 1 April 2023 209,923 221,937 Cost of investment units purchased Sale proceeds from investment units sold (10,000) (10,000) 199,923 211,931 24,713 (2.385) 371 Unrealised gainl(loss) Gainl(loss) on sale of units (178) Valuation - 31 March 2024 224.458 209,923 Page 16 of 17
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2024 2024 2023 6. DEBTORS AND PREPAYMENTS Prepaid insurance Gift Aid- 2021122 809 809 Gift Aid - 2022123 1,080 1,247 245 Potential grant for installation of gallery lockers Miscellaneous debtors ,247 3.381 2,056 7. LIABILITIES Creditors - Amounts falling due wlthin one year Provision for refunds of uniform deposits Miscellaneous accruals 1,200 1,499 1,200 5,830 2,699 t,030 8.THE RESTRICTED FUNDS OF THE CHARITf 1 April 2023 Income Restricted Income Funds Expenditure 31 March, 2024 Parents and Supporters fund (note 1) Galley Equipment fund (note 2) 225 (60) (500) 165 500 725 (560) 1165 Notes 1. This money was raised by parents and supporters in order to finance specific projects for the benefrt of the cadets as determined by the UMT. 2. This fund represents an MSSC donation of £5000 towards the cost of refurbishing the galley which has been released over 10 years in line with the depreciation charge of the underlying assets. 9. RELATED PARTY TRANSACTIONS During the financial year, there were no sea cadets who were the children of Trustees or otherwise related to Trustees . Page 17 of 17