GLASTONBURY & STREET UNIT NO 628 OF THE SEA CADET CORPS
TRUSTEES’ ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2024
Glastonbury & Street Unit No 628 of the Sea Cadet Corps is a charity registered in England: 1095079
Page. 1
REPORT OF THE TRUSTEES OF GLASTONBURY & STREET (UNIT 628) OF THE SEA CADET CORPS
The Charity Trustees present their report together with the financial statements of the charity for the year ended 31st March 2024. The financial statements comply with both the Charity’s Constitution and the Charities Act 2011.
Aim of the Sea Cadet Corps
The aim of the Sea Cadets Corps is to give young people the best possible head start in life, through nautical adventure and fun.
Charitable Purpose
The charitable purpose of Glastonbury & Street Sea Cadet Unit is to promote the development of young people in achieving their physical, intellectual, and social potential as individuals and as responsible citizens. This is achieved by the provision of education and leisure time activities using a nautical theme, based on the traditions of the Royal Navy and in accordance with the principles, ethos and practices of the Marine Society & Sea Cadets (MSSC).
In furtherance of the Purpose, the Unit offers young people a structured environment in which to develop; provides access to education and training including sailing, rowing, windsurfing, paddle sports, power boating, seamanship, navigation, marine engineering, cooking, music, first aid, drill, piping, and public services; it provides opportunities for young people to obtain a range of qualifications and a wide range of opportunities for community involvement.
Public Benefit
The trustees continue to give regard to the Charity Commission’s general guidance on public benefit ‘Charities and Public Benefit’ provided by the Unit in relation to the charitable purpose of the Sea Cadets movement as set out in the activities and achievements as outlined in this report.
To achieve its aim, Glastonbury & Street Sea Cadet Unit encourages recruitment of young people from all backgrounds and abilities including where possible, and within the realms of Health and Safety, those with disabilities and develops their skills and abilities by:
-
Regular structured activities with a nautical theme
-
Enabling young people to take part in activities connected with the wider Sea Cadet Corps
-
Movement such as waterborne activities, events and competitions at district, area, and national levels
-
Availability of formal achievements whilst completing courses to earn badges and promotions.
Page. 2
Organisational Achievements and Performance
Trustees Report Glastonbury & Street Sea Cadet Unit (628) of the Sea Cadet Corps
Structure, Governance and Management
Units of the SCC are formed solely by volunteers in local communities. Each Unit is a selfsupporting youth organisation and an independent charity with a central support management and training structure provided primarily by the Marine Society and Sea Cadets (MSSC). The unit becomes a part of the SCC by virtue of its’ affiliation to the MSSC, the parent body of the SCC. In accepting this affiliation, the unit undertakes to comply with all regulations issued by, or on behalf of, the MSSC Council.
Glastonbury & Street Sea Cadet Unit was registered as an unincorporated charity on 17[th] December 2002 and is governed by a constitution approved by the Charity Commission of England and Wales. A revised constitution issued by the Marine Society and Sea Cadets was ratified by the Board of Trustees between meetings in December 2017 in order to meet the deadline of 31[st] December 2017.
Recruitment and Appointment of the Trustees
Trustees serve and are re-elected on an annual basis. A minimum of 3 office holders are elected Chairperson, Secretary & Treasurer, plus where applicable Vice Chairperson and Chairperson of a Parents Friends & Supporters Association (PFSA). UMT office holders are elected at the first meeting following the Annual General Meeting (AGM). UMT members are elected from the membership of the Sea Cadets Unit which is drawn loosely as being those with an interest in the unit. The constitution lays down specific controls for UMT membership and will be observed for all future recruitment.
In the event of a vacancy arising during the year (known as a casual vacancy), the trustees have the power to appoint new trustees. A trustee will serve until the date of the next AGM, after which the post will be filled by election.
The trustees are represented by a wide range of individuals from various aspects of the community. Trustees have the power to appoint additional trustees to act jointly with them for all purposes. A trustee whose term of office has expired can be appointed for a further term of office.
Responsibilities of the Trustees
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charity (Accounts Reports) Regulations 2008.They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on its behalf on 26/9/24 (AGM)
Signed: J Hodson Treasurer
Page. 3
Legal and Administrative Information
Charity Details:
Charity Name: Glastonbury & Street (Unit 628) of the Sea Cadets Corps Charity Status: Unincorporated Registered Charity No: 1095079 Registered Office and The Old Pavilion Operational Address: Benedict Street Glastonbury Somerset BA6 9NQ Telephone Number 01458 832562 Email: office@excaliburscc.co.uk Website www.sea-cadets.org/glastonburystreet
Trustees:
Chair: Mrs Elaine Dearling Treasurer: Mrs Janet Hodson Secretary: Mrs Helen Keast Vice Chair: Mrs Louisa Stockley Premises Trustee Mr Jon Dearling PFSA Chair Mrs Jess Silman
Independent Examiner: Mrs Cecile Hunt FMAAT
Bank:
Nat West Bank, Street Branch, Somerset.
Page. 4
Acknowledgements
No final report would be complete without acknowledging the efforts and dedicated service of the adult volunteers who make Glastonbury & Street Unit a success. For any Sea Cadet Unit to succeed it is fully reliant on its teams to work together. Our uniformed and civilian instructors, management team and unit assistants all have one common aim, that of delivering the best experience for our young people.
In this modern age, time is a precious commodity and like with all teachers and trainers there is a lot goes on behind the scenes, outside of parade times and over weekends that is not observed but makes the difference.
Thank you for your commitment and continued support.
Page. 5
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
GLASTONBURY& STREET UNIT (628) OF THE SEA CADET CORPS.
I report on the financial statements of Glastonbury & Street (Unit 628) of the Sea Cadets Corps for the year ended 31[st] March 2024 which are set out below.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”)
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
Independent examiner’s statement
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
C Hunt Date: 7/09/2024
On Behalf of Cecile Hunt FMAAT
Address:45 Allaston Road, Lydney, Gloucestershire GL15 5SS
Page. 6
Glastonbury & Street Sea Cadets Annual Accounts Reporting Period 1st April 2023 to 31st March 2024
Overview
This report covers the overall consolidated financial results of Glastonbury & Street Sea Cadets for the 12month period to 31st March 2024. These consolidated results include the charity of Glastonbury & Street Sea Cadets (“G&S Sea Cadets”) and its subsidiaries of Parent, Friends & Supporters Association (“PFSA”) and of Sea Cadets Cheddar HUB (“Cheddar HUB”). At the AGM, we will invite the members to approve the statutory financial statements of the charity only for filing with the Charity Commission.
| Financial Performance | |
|---|---|
| Income | £ |
| Deposit Account Interest | 491.13 |
| Cadet Equipment & Resources | 25.21 |
| Cadet Joining Fees | 260.00 |
| Cadet Monthly Membership Payments | 5,410.00 |
| Cadet Unit Courses & Events | 839.50 |
| Fundraising Christmas | 526.97 |
| Fundraising Community | 1,000.00 |
| Fundraising Easter | 325.00 |
| Fundraising Misc | 160.30 |
| Fundraising Amazon Smile | 18.41 |
| Fundraising Easyfundraising.com | 93.07 |
| Fundraising Shape Mendip Lottery | 130.00 |
| Gift Aid Payments from HMRC | 2,662.78 |
| Grant Funding | 16,000.00 |
| Legacy (Axbridge) Income | 30,052.93 |
| MSSC Remittances Fuel | 55.80 |
| Unit Maintenance & Equipment | 204.84 |
| Card used / paid in error | 150.13 |
| 50/50 Club paid in error | 18.00 |
| Total Income | 58424.07 |
| Expenditure | £ |
| BCYA Membership | 342.94 |
| Cadet Clothing/Badges/Equipment | 835.91 |
| Cadet Unit Courses/Events Pyts or Refunds | 2,087.94 |
| Fundraising Christmas | 47.26 |
| Fundraising Easter | 143.13 |
| Fundraising Misc | 104.98 |
| Kitchen/Catering Events Costs | 195.83 |
| Liability Insurance | 1,338.90 |
| Minibus Running Costs | 1,961.71 |
| MSSC Payments/Cost and/or Refunds | 100.00 |
| Office Costs | 1,068.59 |
| PF&SA Fundraising Transferred/50;50 Club | 261.89 |
| Staff Clothing/Badges | 48.24 |
| Unit Legal Fees | 15,210.11 |
| Unit Maintenance & Equipment | 2,157.11 |
| Utility Broadband (Daisy Comms) | 359.87 |
| Utility Electric (EDF/British Gas) | 1,139.04 |
| Utility Water (Water2Business) | 168.00 |
| Card used / paid in error refund | 150.13 |
| Total Expenditure | 27721.58 |
*Profit for year end 31/3/24
£30702.49
G&S Sea Cadet Nat West bank balance 31/3/24 £44642.82 PFSA Lloyds bank balance 31/3/24 £881.24 Cheddar HUB Nat West bank balance 31/3/24 £4426.15
Page. 7
Legacy (Axbridge) Income
The legacy from the closure of Axbridge Sea Cadet Unit of £30,052.93 is a restricted reserve. This legacy is gifted to Glastonbury & Street Unit to provide more young people the opportunity to join Glastonbury & Street Unit from the Axbridge and surrounding areas. The funds will support the ongoing Lease expenses and pay for the legal fees and architect building plans to provide our youngsters with a larger building and footprint to enable Glastonbury & Street Unit to accommodate the wider catchment area.
*The profit of £30702.49 includes this legacy and is a one-off windfall that shows our income is unusually, vastly inflated on this one-off occasion.
Review of Accounts
The accounts for the Glastonbury and Sea Cadets Nat West have been examined by an AAT Licensed Accountant who is an independent examiner, and their report is attached. The accounts are available for inspection at any time.
Page. 8