TS Drax Poole Sea Cadets ## **Treasurer’s Annual Report** October 2023 Apologies I cannot be here myself tonight to present this report and thank you to Bob Crisp the Unit Management Committee Vice Chairman for agreeing to present the report on my behalf. ## **Annual Accounts 2022-2023** The accounts presented are for the period 1[st] April 2022 to 31[st] Marh 2023 and have been circulated before the meeting. ## **Revenue Receipts (Income)** This year has seen an increase in revenue overall by £10,000. Notable Income: - £15,500 Community Infrastructure Levy (CIL) - £5,000 Grant from Marine Society & Sea Cadets (MS-SC) - £1,300 Gift Aid - £9,900 Dorset Council Low Carbon Grant - £18,000 Bournemouth, Christchurch & Poole Council Grant CO Reece Oliver has spent a large portion of his time, researching, and applying for grants which have aided the purchase of much needed new / replacement equipment. Thanks are given to CO Reece Oliver for all his hard work. If you work for a company who offer match funding, or know of any significant grant, which may be available please let Reece now. ## **Revenue Payments (Expenditure)** If you look at Revenue payments without considering, the non-revenue payments (Assets) the overall spend for 2022-2023 compared to 2021-2022 is down by just over £1,500. Notable Expenditure: - £1,200 Football Kit - £9,000 AV Equipment - £1,300 Solar Equipment conversion for hot water recovery - £5,500 Rigiflex - £5,800 Trailers - £20,000 Solar Panels - £14,300 RS Zest (x6) - £10,000 RS Quest (x2) - £2,800 Windsurf equipment (x3) ## **Balance Sheet** The deficit of just over £37,000 was expected due to the purchase of the new equipment and is offset by previous years surplus & savings. Overall Bank accounts are in a healthy state. Report: Michelle Harrington – Trustee (Treasurer) THE SEA CADETS ANNUAL STATEMENT OF ACCOUNV FOR THE UNIT RECEIPTS & PAYMENTS ACCOUNT for year ended 31 March 2023 Form SCC A3 IR&PI Jan-20 Iwnils in Scolland." This Slatetnent's form arKJ content and ils 5cruliny are govetned by Regulations- s51201￿1218) Copy lo be uploaded onlo We51minsler and Volunteer & Business Support Manager al Area Office lo be fioiified by l Novemter 2023 Unit Name: Fund-namel Poole Sea Cadets Unit 272 Charity No.. 301170 ur ose eneral ur osesl'.- THIS YEAR LAST YEAR Note5 REVENUE RECEIPTS- ANNUAL FL'NDIDIRECT GRANT - Irestrictedi OTHER GRANT lunreslrictedl SCAVA (Sea Cadet Viclualling Allowance) CADET CONTRIBUTIONS OTHER OONATIONS I LEGACIES FUNDRAISING & SPECIAL EVENTS PROCEEDS £54,314.31 £0.00 £0.00 £7.591 81 £772.92 £6,415.44 £22,590.10 £0.00 £0.00 £6,238 00 £8,447.91 £4,801.51 OTHER CHARITABLE ACTIVITIES.. COMPETITION RECEIPTS COURSE FEES SUNDRY SALES RECEIPTS BANK DEPOSIT INTEREST PROPERTY RENTS (includes any occasional OTHER REVENUE RECEIPTS £0.00 £647 70 £564.11 £31.68 £250.00 £1,31868 £0.00 £1.847 50 £1 75.13 £6.07 £1.290.00 £0.00 TOTAL REVENUE RECEIPTS £71,906.65 £45,996.32 NON-REVENUE RECEIPTS- PROCEEDS FROM SALES OF OTHER FIXED ASSETS £0.00 £15,039.55 TOTAL NON-REVENUE RECEIPTS £0.00 £15,039.55 I'Attach that Fund's similar Account of Receipts as page AC1A, and so onl TOTAL RECEIPTS A + £71.906.65 £61,035.87 Reconciliation... NET CHANGE FOR YEAR IN CASHIBANK BALANCE'.- - REVENUE ITEMS I= A- D from page AC21 - NON-REVENUE ITEMS I= B- E from page AC21 COMBINED l-G+HI CASHIBANK BALANCE FROM LAST YEAR￿ND CASHIBANK BALANCE AT THIS YEAR-END £37.751.76 -£i4,999.62 -f.37 247 86 £9,764.67 -£670 57 £9,094.10 £66,072.91 £75.167.01 £75.167.01 £37,919.15 2023 AC1 v2.1 THE SEA CADETS ANNUAL STATEMENT OF ACCOUNT. FOR THE UNIT RECEIPTS & PAYMENTS ACCOUNT for year ended 31 March 2023 Fomi SCC A3 IR&PI Jan-20 I'Uni15 in SCOt￿n￿". Thi5 Sl8iement's fomi content and Ils scrutiny ar& govemed by Regulaiion8- SSI 2th612181 Copy io be uploaded onlo Westminster Volunteer & Business Support Manager al Area Office lo be notified by 1 Novetnbèr 2023 Unit Name: Fund-namel ur Poole Sea Cadets Unrt 272 Charity No.. 301170 ose nèral oses THIS YEAR LAST YEAR Notes REVENUE PAYMENTS- DIRECT CHARITABLE ACTIVITY COSTS: FUNDRAISING & SPECIAL EVENTS COSTS COMPETITION COSTS FUEL & TRAVEL COSTS CATERING COSTS TRAINING DELIVERY COSTS ARTICLES PURCHASED FOR RESALE £4,213.57 £36.65 £3,047.99 £1.684.43 £2,870 73 £1,293.00 £967.97 £60.00 £1.691 52 £2.807.03 £o.i)o OVERHEAD COSTS FOR: RENT I COUNCIL TAX HEAT. LIGHT & WATER TELEPHONE & BROADBAND RUNNING COST Inc POSTAGE, PRINTING & OTHER £114108 £2,080.82 £676 27 £836.62 £12.00 £1,819.04 £509.44 £1,239.65 MAINTENANCE COSTS FOR: BUILDINGS & ESTATE BOATS VEHICLES OTHER MISC EQUIPMENT INSURANCE COSTS BANK INTEREST & CHARGES £2,378.62 £8,921.30 £1 127.42 £155.34 £3 773.29 £000 £2,840.47 £15,021.78 £850 16 £5,114.53 £3171 81 £0.00 CHARITY GOVERNANCE COSTS.. FOR ACCOUNTSIAUDIT OR INDEPENDENT EXAMINATION FOR OTHER PROFESSIONAL FEES FOR LEGAL ADVICE Ifor eonstilulion or Irusteesl OTHER REVENUE COSTS TOTAL REVENUE PAYMENTS £200.00 £0.00 £0.00 £0.00 £34 437.13 £200.00 £540.00 £0.00 £0.00 £36.231 65 NON-REVENUE PAYMENT ASSETS £74 717.38 £15.710 12 TOTAL NON-REVENUE TOTAL PAYMENTS IxthEI £74,717.38 £15,710.12 £51941.77 fAttach that Fijnd's similarAccount of Payments as page AC2A. and so onl v2.1 AC2 THE SEA CADETS ANNUAL STATEMENT OF ACCOUNT. FOR THE UNIT RECEIPTS & PAYMENTS ACCOUNT for year ended 31 March 2023 FOTM SCC A3 IR&PI Jan-20 I'unfts in Scolland.. This Statement's fomi and conknl and its suuliny are govemed by Regulations- SSI 200612181 Copy lo be uploa(le¢ onio We51tninsier and Volunieer & 8usiness Support Manager al Area Office lo be notif￿d ty 1 November 2023 Unit Name: Poole Sea Cadets Uni(272 Charity No. Name of Fund 301170 THIS YEAR LAST YEAR In E&W'. STATEMENT OF ASSETS & LIABILITIES if reslricled ASSETS.. CASHIBANK BALANCEISI AT YEAR-END (from page AC1) BANK DEPOSITS lif any) not included above LOANS RECOVERABLE OTHER DEBTS (total iecover8ble- exclude any'accruals'l "STOCKS OF ITEMS FOR RESALE Itotal costi INVESTMENTS (present value of securitie5 &cl INVESTMENTS (ditto- belonging 10 a Resliicled Fund, if 'OTHER FIXED ASSETS.. - LAND & BUILDINGS - BOATS - VEHICLES - COMPUTERS & OTHER EQUIPMENT 'For all these iterns linduding any gifts at estimated value when given) state their total ￿L￿lue here if lower than as 8btsve resen LIABILITIES LOANS REPAYABLE OTHER CREDITORS (total payable- exclude any"accruals"I CONTINGENT LIABILITIES leslimated total amounti £37 919.15 £75 167.01 £301 00 £27 002.93 £27 002.93 £20 396 74 £51,244.37 £12,756.62 £10,327.01 £29,062 19 £8,465.07 £12.257.09 IScottish] ACCOUNTS NOTES" lif not within Annual Reporti ar8le Receipts & Payments Account included in this Statement of A¢count'. the nature and purpose of each Fund accounted for and the legal reslriclions on rts Total number and amount of any grants paid to lil individuals and lill Inslilulions, analysed by type of activty Amount of trustee remuneration Iinc. lo connected persons) paid and the legal authorty for it Amount of any trustee expenses reimbursed and for how many trustees Amount and nature ol any other truste&lr8nsaclions (including with connected persons. stating the relalionshipl together with any amounl owng al the year*nd (say If Amounts Particulars Give page wlsl. - oi say If none lorsay if norEI Authority.. lor say If norel For how many". Nature." Any further infomation that 'may reasonably assist, reader's understanding Gwe page no(51 - or say if nore ('Show details on an 8xlrn attached Signed as authorised by the UnEt's Management Committee - Date.. .Unit Treasurer Unit Chairman Note.. Th8 statutory audit orind&pendent examination ￿port on this Stalem8nt of Accounl musl be attached. AC3 v2.1 ThE SEA CADETS APINUAL STATEMENT OF ACCOUNT FOR THE UMIT RECEIPTS & PAYMENTS ACCOUNTfor ytrarathdèd 31 Ma￿h 2023 5CCA3IR&PI Jarp20 I￿￿rts In Scotland Th15S1?1￿￿￿tsfDrth andcDTht￿l its we byRryu*liDnS-Ss12(K￿218> toty￿be ￿e&ded￿l￿ We51Trlinslèi an￿v￿￿nI￿8r& BU51fje¥sSuPk￿ M3naw ￿Ar•￿ 0￿￿èt00* r￿rtIo￿ by 1 NDv8mb81 2023 Poole Sea Cadeis Unil 272 30117D Name.. Unrt address lor 8ddress loi corre5pondencÈl.- Charity No. House name". TS Drax Street and No. 23 Slerte Avenue West Area or Estate". Townlcity.. Poole Counly.. Dorsel Post Code". BH15 3EH Unit Management Committee members lfv'charily ITuslees'l al dale of signing Report'.- Lee Hardy Robert Cripps Reece Oliver Clive Jackson Bru￿ Grant-Braham Michelle Harrington Names of any other pefsons ￿18 charity Iruslees of the Unil al any lime in the financial year.'- Roberto Roc¢a Martine Whitlle Louise Evans Dabble Knight Name of any person Is now lorwas. In the finanrial yearl a'ltu6let for the charity. l.e., holdin9 or in possession of any assets belwing 10 the Unil Iincludes custodians. nominees &cl [nol" sCo￿and}:_ Natuo and datè of thè Unit's ¢onstitution1govomlng documèthtl.. Govemed by Stra Cadot Standard Constitution The methodl$l 8dopted lor wwltlng now trugt¢es, ond how trugto08 are olectsd or oth•twl80 appol¢tt8d land by whoml In aetordanGg with the Unit's constltution. are as follows:. Unil Managernenl Team IUMTI members are elected 8nnu8llF et Ihe Annu81 Gener$1 M8&tin4 IAGMJ. UMTm&mb8rs are elected from the effibeiship olthe Sea Cadet Unit wh￿h Is drawn looselyas b￿n9 those btryth inte￿$¢ In the unrt In rh$ eventofa vècancyafi￿ng t*unng the vearlknown as a casual vacancy). The UMThave thepowerto 8ppoint a ULITmember The UMTmemb8rappointed Mll se￿e until the d8te trf the n&xl AGM. afterwhich thepost willbe filledby *e¢tion. Tho Unit's charitable Pufposolsl as set In It¥ congtitutlon l¥'.- TD promote the development ol young peop￿ In 3chie¥ing Iheir phy$i¢al. ini8llectual and social potential as Indivmluals and 8$ responsib￿ o¥lizens by the provision ol educaiion and leisure time activities using a nautrAI theme and in accordance vllh the prin&ples. ethos and practices of the Marine SO￿&1Y & Sea Cadets IMSSCI. Th• Unlt'g maln actlvltlos athd achitrvgrngnts in the financlal yoar wero'.- Il's been a very busy year for Poole Sea Cadets. We have been 8ble 10 build on a few years of Contin￿ success. This woU￿n't be possib vAlhoul dedicatlon and drive from the uni15 vthunteers We have continued to sae additional volunteers added lo the team which are all illtegraling seamlessly. 3 of tr*sè are ex-cadets which add an addition81 level of exp8dence. OofE has dipped Slightly coming out of COVID-19 hi)we¥er we are expecting a few completions in Iht coming weeks and femains a strong part of the unil. Our national ￿Ve1 training has elevated slightly this v•?r 14N*h *hp iiTh nf iirtit ￿?tIn￿￿1 glimm￿r nnr*•• 14nit% In +hAlr Public Beneflt The UMT contin(￿ to glve due regard to the public benefit providel by the Unil in re18110n io the ch8rit8ble purpose of the Se¥ Cadei movement as sel out In the octiviiies and a¢hlevements as outlined above. The aim is lo promote the development of wng people in achieving Iheif physical, intellectual and soual polerni81 as indiyidusls and responsible crtizens In a safe enviionmew. In order to Schieve this the Unil takes young ￿0p16 froffl all backgrounds, Induding where possIb￿ those with disabilit￿5 and develops their 5kilL4 and abilities by-. Regular and slruclured 8Ctivrfies wNh a nauli¢81 Ihome. Allowing young people lo lake part In activilyds connacted wth the ¥￿der Sea Cadet movement such as walerbotne activitie5. events and compeiiiions ai disidct. area and national levels. Avèilability of formal eduGitional achE¥ements whilst lakirvJ coutses 10 88m badges and promotions Contributions are kept low in order lo ensure all those b%ish 10 takt part in the activit￿S of the Unit may do so. AC4 THE SEA CADETS Fotrn ANNUAL STATEMENT OF ACCOUNT. FOR THE UNIT SCC A3 IR&PI RECEIPTS & PAYMENTS ACCOUNT for year ended 31 March 2023 Iwnits in Scotland.. This Statement'$ fofm and conlenl and ils scrutiny are governed by Regulations- SSI 200612181 Copy to b? uploaded onto We$tminsl8r and Volunteer & Bu$ine$$ Support Manager at Area iyfiff 10 bè notrfk8d by 1 Novemb&r 2023 Unlt Name". Jan-20 Poole Sea Cadets Unit 272 301170 Cha￿ty No.. Reserves Policy The charity Iruslees, policy aims to maintain unrestricted reserves al a level equating to 12 months revenue payments in order to safeguard the Unit's ongoing activities from any unexpected fluctuations in income YeaT*nd reserves amounted to £37,919.00 13 months, on that basis. The Unit holds in deswn&led funds representing fixed assets needed for futu￿ 8Ctwrties and for future proieGts lo be camed out in as Gurrently planned/expecled During the financial year the Unit received the following donated facilitieslservices Inot." English, Welsh or Nl Unitsl.'_ The Unit andlor its trustees held the following assets for the charilylies named below. whose charitable purposes are as sel out hereunder. Special arrangements for the safe custody of those assets and their segregation from the Unit's own assets are as set out below IEnglish. Welsh & Nl Units.. Delete this section if not applicable,. Units in Scotland.. This disclosure is not mandatoryl'.- Date signed as 8Uthorised by the Unit's Management Committee.. 6th July 2023 Unit Treasurer Unit Chaimian Independent Examiner Note.. The statutory audit orindependent examination ￿port on this Statement ofAccounl musl be attached. AC5 ¥2.1 Independent examinerfs report on the accounts Section A ndepen(tent Examiner's Report R•port totho trustO8sI mèmb#r# of Pwle Sea Cadets Unrt 272 On accoun18 forthè yg•r oDdod 31st Marc* 2023 Charfty no 301170 Setouton pfiy8 R88P8cV¥8 The chantys tr￿18eS are respDrwbk fortrE preparalion of th8 r0¥ponsibilikn05 of attwnts. Th8 chanvs trustees consKlerthat an audd is not trustes8 and exami￿r required fwlhts year undersectx)n 144 of trE Charit￿8 Act 2071 Ill￿ Charl￿8 Act) 8TrJ that an iTr*FWK1eniexaminat#)n is rEethd. 11 ￿ my reSponsi￿lty to". examir* the 8(*AKJnlS urxler ¥ectM 145 ofthe Charibes Ad. 10 foN¢)w IhE t￿￿lUreS PaKJ dowTr in general tlirection5 given bythe Chanty Commi%sion lurKler section 14515llbl of the Charibes A(#, arKI to stale ¥rtElher parbwL9r rnatters have come to my 8ttenticfi. Ba80& of ihd0￿nd?￿t Kfy examination was carried out pn 8ccord8nt* ￿1th general gK•minorf9 8t•tom8nt Directions glven bylhe Charty C0mmK￿0n. An examination a revw oflhe ac￿￿n￿r￿j te¢(th kept by th8 charity and 8 t>￿Pati50n of the 8ccouTrts presenied *ith Ihose rEcords. It also Ind￿ (x>n5Kleratw of any un￿tsaI rtems ordi5closures in the accounts, arKI seekw explanatiws fr￿￿ Ihe Irustees o)ncemwMJ anysuch matter5. The prO￿dureS urKJertaken do not provk1e all the evidence that woukj be tequirEd in 8n audit, and (x)n5equentty no opIn￿n vs given 88 to whetherthe accounts present a IAJÈ a farf vipwarxl the rewt is limtted to those tnatters Sel out In slalernent bebow. Indep¢ndent In %*ith rnyexarninakn, no matter ha8 come to my examlneV8 •tat•ment attent" 1. which gwes me reasonab￿ cause to belwe Ih81 in, any material resped, requirements.. lo keep acCoUnt￿g reo)rds In 8wdarKZ ￿lIh sectlon 130 ofthe Charitses A(A," and to prepare a(wurts accord ¥￿th the accounting ojrds 8fK1 comply %Mlh the 8ccountiro wuiremenls oflhe Chari￿8 Aci have not been met.. or 2. to thith. in myopinion, attention shouks be drawn in orderto ena￿e a proper uThYer8laThlk¥J Of￿ accwnts to be reaclEd. Sl9n8d: N•mo: qualmlcatyonlsl or boty (If any): M< FAgrt c" Independent examiner's report on the accounts Section B Disclosure Onfy ¢ompl*te ttthoeA•ni1nètn￿$tty hKJhlightTn&tsrial probkns. Glvg hvro brfof deta115 of any items that the examlnerv￿ShSs to