for the Period Ended 31 December 2024
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Community Interest Report |
for the Period Ended
| 2024 | 2023 | |
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£ |
| Turnover: |
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| Cost of sales: |
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| Gross profit(or loss): |
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| Distribution costs: |
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| Administrative expenses: |
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| Other operating income: |
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| Operating profit(or loss): |
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| Interest receivable and similar income: |
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| Interest payable and similar charges: |
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| Profit(or loss) before tax: |
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| Tax: |
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| Profit(or loss) for the financial year: |
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( |
As at
| Notes | 2024 | 2023 | |
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| Fixed assets | |||
| Intangible assets: |
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| Tangible assets: |
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| Investments: |
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| Total fixed assets: |
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| Stocks: |
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| Debtors: |
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| Cash at bank and in hand: |
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| Prepayments and accrued income: |
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| Creditors: amounts falling due within one year: |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Members' funds | |||
| Profit and loss account: |
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| Total members' funds: |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2024
Basis of measurement and preparation
for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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Following suspension of its events programme through 2022/23 due to post global pandemic effects, it was hoped that there would be a recovery in sponsorship support, however that was not to be the case. Therefore, the BWA decided to further extend suspension of its planned 2023/24 programme of events. The BWA continued to operate its INSPIRE Award Scheme on a reduced scope basis relative to the years fund raising capability. Through the INSPIRE Award Scheme supports were proved to the Wales University Royal Navy Unit and a number of Sea Cadet Units. These being the standard Award package donated each year. Faced with the legacy climate of the most extraordinary of circumstances post COVID19 pandemic the BWA Board and its Trustee’s considers it has used its best endeavours to fully meet its intended aims and objectives.
The company holds regular meetings with its key stakeholders, company members S.J.Watts and S.K.Bains, who have key input into the continuous development of the BWA CIC business plans. In addition, in the wider membership context, the BWA operates a Membership Council(MC) which has delegated responsibilities from the executive. The MC holds the primary execution responsibility for the delivery of BWA activities, events and projects. The MC normally would meet three times per year. The BWA is organised by geographical region, which is further focused by the warships affiliated to that region. Each BWA supported ship has a BWA Aux Crew(AC), which is run by a local membership committee who deliver BWA events and projects. Each AC is represented on the BWA Membership Council. Through this structure, the BWA is in continuous contact and engagement with its members, the sailors and their families, and their needs and with the needs of the charities. The structure has proved highly efficient and meets all delivery expectations. It is through this communication structure that decisions were taken to suspend and ultimately cancel all BWA organised 2023 & 2024 events due to the pandemic and legacy effects.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
20 September 2025
And signed on behalf of the board by:
Name: S J Watts
Status: Director