Chaiily registration numbcr.. 3(N)538 Falmouth and Penryn Unit of The Sea Cadet Corps An Linincorporaled ¢hai'iiy. AnnLial Report aiid Unaudited biit Independently Exaniined A¢coiints for Ihc ycai- cndcd 31 March 10?5 Comw'all Community Accountancy Scrvicc Thc F.111I5. 61 Cri'ccn Lanc Rcitruth Clini￿811 TR15 ILS Falmouih and Penryn Unit of The Sea Cadet Curps Content Rcference and Adininistrativc Details... -I'rustccs' R¢port.....,.... IndcpcndcnLExamitLcVsrcport....................................................... Statement ol'Receiprsand Paynients............................... BdlaiiLtSlieet............. Notes to thc financial statemei)tb.... 8 to 10 Falmouth and Penryn Unit of The Sea Cadet Corps Reference and Administrative Details Charity name Chai'lty i'Lgistratlon number Falmouth and Penryn Unit ol The Sea Cadet Corps 30053¥ Regi8Lered in Lngland & Wal& RekFiStered offiLe 20 c.ommercial Rnad PcnryrL Comwall TRIO 8AQ 'I'rustces l Brook P Clay P Glover ITreasurerl L Child (nee Inch) (Appointed 2 Nov 20241 R Mcsorlev M Nixon Ichairl Isecretarvl (Appointed 25 Jul 20241 S Payne M Weetch Independent Examiner Andreiv Hany ICGMA) CornwRII CoD)munity Accountancy Scrvicc The Elms 61 Grccn Lanc Rednith TRIS ILS Pug¥ I Falmouth and Penrvn Unit of The Sea Cadet Corps Tru?•tees' Report The tniilees prEseiit Ihtir repott and the linaiicial slateinents tor the year ended 31 March 2075 Objectives aThd aclivities To givc Joung pioplc Ihc bcst possible hcic d 8iail in lilc Ihrough niiuIIClc l advetLILire and fiLrn, bascd on Ihc Cusloms, ethos c1nd values ol'ilLe Royic l NaNy. Mle are passioijale aboul Iiivesiing in all voullg people. Ive ol'ler a uiiique mix ot aciiviiL¥5 a￿d experiences, deliverrd locally, IE8ioJially, iiationally ii unit tiTr tIiL IX)int wliLft It Laii %iJiid up (>ii its owll a nLV4' Lhai'iry. Structure* goi'ernance and m4nugement Recruitment and induttion of tl'115tees ThL friislL¥% oiri ulLLILd l)5 IhL mLmhLI-% ()f thL Lhurity &t it% Aiinii&l CILI1￿ld1 Mi¥tiiig. All Trii.4lknLS niu%t %tsnd ror rc-ilccLion cach yeat. Ne￿. fru%icc% arc Ilrovided M iih ai)propri&ic tratJ)ing and induLlcd iDiO thc ivorknng ol. Ihe charity. Pa8r 2 F&lmouth and Penryn Unil of The Sea Cadet Corps Trnstees, Report Organisatlon TS Robert Hichens. Falmouth & P¢nr)m Su Cadet Unit Ithe'unil"), is a m¢mb¢r of the Marine Society and Sea Cadet As%Ki#ti¢)n {the"Associ8tton"k under whose constitution it operates. The Association is a re8iSt¢red charity in England gnd Walts. registration nwnber 313013. The Unit is a registered charity in England and W81¢s registration numbcr ]¢￿5]8. The Unit is athninistered by the Unit M￿agem¢nI Team {UMTI and there shall be no less than 3 members. The UMT me¢ts bi-monthly". the meetin8s require one quaner of members to be present in order for thert to be a quorum. All decisions are tak￿ on a majority vote, with the Chairman ￿VIng the ¢&8tkng vote. The uKr ha5 daY-t{￿Y involvonenl in the running of the Unit. In the event th4t rhe Unli op¢rot¢s outside the Association's Tule5, the District Executive on behalf of the A&8ociation has the ri8ht ￿ &8SiSt with ihe Tunning of the Unit. Principal Powers of the Trnstees fiJrtheTance ofthe objects. but not otherwise, the UMI. may exercise the following p¢)wers when working towards the Charitys objectives: - To borrow and raise money- - To inve51 money not immediately required by the chartty: - To purcha8e. alter, improve and d￿r￿>se of the charity's assets: - To adrninistrr and mgna¥e the charity: - To undertake a trnd¢ or busine￿. Trustee Responsibilities Thc Trnsttts are responsible for keeping proper a¢countEng records that disclose with rewDable accuracy at any time the financial w)5ition of the charity and to enable ihem to ensure that the financial ststement4 comply with the cl￿ritieS Act 2011. the Companies Act 2006 and th¢ appli¢abl¢ Ststement of Recotnmended Pra¢ti¢e. The Trustees are also responsible for safeguarding the assets of the ¢h#rity and hence taking rtasonable steps for the prevention and detection of frdud other i￿C8￿]arities. there is no relevant infonnation of which the charttable cornpary's independent ex8rniner is unaware. and the trysi¢es h4v¢ taken all steps tha( they ou8ht lo have taken as trustees to m8ke then7selves aware of any relevant inf0m￿tion md ￿ establish that the tnd¢p¢nd¢nt examiner 15 aware of that information. Approved by the Board on 21st October 2025 and signed on its behalf by." Nixon Trustee Falmouth and Penryn Unit of The Sea Cadet Corps Independent Examiner's Report I repoit on Ilie aLLounts ul.tlie Loinpany for the ycar rn(led 31 MarLh 20?5 whicli urc sct out un page% 5 10 1 O. Respective responsibilities of. trustee8 and examiner The trustees (who are also the directors ot-the company foi. the purposes of company law) ￿'C I'esponsible foi. tlie preparatiot) of tlie a¢coiii)ts in accoi'dance with the requireiiients ot the Cliarilies Ac(2011 I'thc 201 l Acl"). Thc (TU4tccs con.£idcr tl)al an audii is not rcquircd for Ihis ycar undcr &ection 144(?) ul. tile 20I l Act and t])al an inclepenclenl CX¢llnination is nccdcd. Having qaii%fied myself Lhal Lhe charily is nol $uhjecl t￿ audil under charily laii, and is eligible for indepeIident examination, it is my responsibiliry lo.. examine Ihe accniin18 under 8eclion 145 of ihe 2() I l Acl.. rolloiv the procedures laid down Ihc General Direclionb given by the Charity Comillission under 5eLtiun 145151 Ibl uf Ilie 2011 ALt' anil state whether P¢lrtlLular Iiiattci's have Loinc to Iiiy r Irehi¢le$ Boats BoAtg Tolil Cost A% al l April 2D24 171)n4 13,50 29,559 43,514 257,777 t)isp05als As at il Marcli 2025 171,204 13,51)0 32.314 47,009 264,027 Dtpretiailon As ar i ,IpLiI:Q24 Charge for tlie )ear 5,400 1,350 39,430 1.144 136,657 10,4,%8 788 As ut I l March 2112$ 74,4XI 2£,1411 4D,$74 147,14. N¢t Ilook l-alue A% 211 l March 2025 A% al 31 MarLh 71124 6,974 6.435 4.IIX4 116,8S2 4 Credilor$'. 4mJDnt5 fallinx rtue iilthln one year 21I2.S Accrual> ￿ld dEfcnrd ill¢oft $60 325 560 32$ 5 Analy515 ollund5 Inl￿MIn# R¢suurie¥ Ilprll 2024 Ilesaurccs xptllLltd c.ash -4$ at 31 2025 R¢stricted Funds tluildin&¥ tl¢pJir 4¥.797 8.100 777 5.92(1 46.684 6.75U (L,i50) 1363) 16581 Boat Purc￿￿¢5 Fujid Galle)-RefurbishmenE 14701 4.798 2.Ih% ij 17.067 636 6,748 H(EL￿ & Shoivci 14,8451 14521 -,2111 Aviva Itojeci .leity Wi?rk. OthLr 6.748 2.2x6 2.2If ,847 92,193 7,OS(I 17,9971 9D.t)84 Cencr21 Ullre%kicled fimd% ¥9.li6 24.902 121.OLIII D¢slgnAtcd fuNd5 6.000 6.000 I'oial Lnrcbtrieicd fuuds 95,136 14,902 ?I,001) 14.7?6) 96.31L 187.329 22.199 1 ¥6.)95 Prt￿9 Faltni)uth and Penryn Unit (if The Sea Cadet Curps Notes to the Accounts 6 Nlt assct9 by futtd Uuregldcled fvnds Resiritltd Pritsi. Year Tot%1 TJngibl¥ In%eiltnenL CuJTenr assets Lri due wiiliui trne year c￿Li110r￿.. Ainoiiiits fdllin¥ due afLer mÉ)re Ihan year NL't A.SSL't% 116,XX2 116,XX? 91Tr,V84 7U.073 66.534 {560) (5601 90,IIX4 186,39.) IX7.-329 Pigt 10