TS Drax Poole Sea Cadets Ortober 2025 I'm delighted to present the T￿aSUrer'S Report for 2024-2025. This past year h35 been another busy and rew3rding one for our unit. and I'm pleased to share how we've managed our finances to support everything our cadets do. Every pound we receive, whether through subs. grants. or fundraising, is used carefully and wtth purpose. Thanks to your ongoin8 SUPPOrt, we've conrinued to provlde hi8h-quality experiences and opportunities for our cadets while keeping our flnances stable and forward-looking. Annual Accounts 2024-2025 Copies of the accounts h￿e been clrculated this evenln8 and cover the period from I" Aprll 2024 to 31" March 2025. Intome Thi5 year we saw an increase in totsl revenue of ar¢)und £12.4￿). Thi5 rise came from a mix of higher subs and the sale of some of our older dinghies. Notable one-off income sources include: £1.600-The Ulysses Trust (Grant) £7,(MJO- Sale of assets £1,337- Scottlsh Power Isolar income) £I,100- Hall & Woodhouse (Grant) A spetial thank you goes to CO Reece Oliver and XO Alex Walsh, whose effort In researching and applyin8 for grants has once again paid off. Their hard work has helped tss secure much-needed funds for new equipment and keep unlt amp costs affordable, a real benefit for all our cadets. Rtvenue Pa meftts endhuve Our total expenditure lor 2024-2025 rose by just over £33, 150 compared with the previous year. While that may sound Ilke a sharp Increase, most of it relates to our investrnent in ihe new purpose-built unit, an exclting step forward for our future. Of that total, £26,500 was directly tled to the new unit and its plannlng process. Wlth only one remalnin8 blll to settle this year, we don't expect to see such a lar8e Increase a8aln next financial year. Other one-off expenditure highlight5 include: £2,740.98- Rent and Rates. {Thls covered two yè3ts' payments due to a chan8e in BCP Council's fee schedule.) £3.659.40- Buildlng & Estate, Includin8 £2,5CK) for ihe armoury Inspectlon. Teimbur5ed by MS-SC. Balance Sheet Throu8hout the year, we've kept a close eye on our finances to make sure we're mana8in8 funds responsibly. Our 8001 in incfftasinB subs last year was not to make a profit, but rather to avoid endin8 the year with a deficit, aimin8 slmply to balance our books. With that in mind. and excludin8 the new build costs, we ended the year with a small deficit of aroLtnd £1,500. However, we applied for Gift Aid on the donations made through subs. and had that been processed within the financial year, we would have ￿(orded a surplus instead ! The posltive news is that our reserves remaln healthy. Should we everlose all sources of income (including subs), we would still be able to cover @very contractual expense for J full ye3r. ensuring the unit could toniinue operatt'ng wlthout disruption. Fundralsln and Commun Fundraising remains at the heart of keeping our unit thriving. We rely on the enthusiasm of parents, volunteers. and the wider community to help us meet our goals. If you know ol any grhnt opportunitie5, or if your employer offers match funding for charitable donation5 or volunteer hours. please do let U5 know. every little bit truly help5. We're also looking to grow a small fundralslng team. If you have a back8rourKI in f￿r￿rdi$ln¥, or simply a general interest and can Spare a few hours a month, please speak to any of the Trustees. Reece, or Alex. And if you know someone outside the unit who mi8ht be willing to lend a hand, even if they don't have chlldren here, wed love thelr support too. We're happyto welcome help from anyone who wants to make a difference. Your ¢ontinued generosity and involvement are what keep the T5 Drax spirit alive. Together, we're not just balancing books, we're buildinB Opportunities. supporting youn8 people, and ensurin8 our unil continue5 to grow stronger each vear. Report Autor.- Mkhelle Harririgton Trustee ITreaSUFerl THE SEA CADETS Form ANNUAL STATEMENT OF ACCOUNf FOR THE UNIT SCC A3 IR&PI RECEIPTS & PAYMENTS ACCOUNT lor yoar endod 31 IAar¢h 2026 Jan-20 runtts in Thii StsteTr*nrs fttm *%J ¢**eArf and i1$5• R￿allr*i8- SSI 2LW2181 Ccpy to ￿ uploknd onto Wesbninsier Vc4unlew& Swyt MwJwatArpp oifKeto t¢ noffied ty 1 P*jVemt￿ 2025 Unlt N•m•: Fund*nam Poole Se8 Cadets Unrt 272 Chartty No 301170 e lil noi helQ lor th8 unl1"6 14#ty)W}.'. THIS YEAR LAST YEAR REVENUE RECEIPTS- ANNUAL FUNDIDIRECT GRANT - (restrthd) OTHER GRANTS - lynr•stnct•dl SCAVA (Sea Cadet Victualling Alow•nctl CADET CONTRIBUTIONS OTHER DONATIONS I LEGACIES FUNDRAISING & SPECIAL EVENTS PROCEEL)S £7,222.80 £155.00 £0.00 £12.367 95 £1,532 23 £12,381.04 £6,722.31 £200 00 £0.00 £7,14688 £1.573.97 £2,148.88 TH COMPETITION RECEiwrs COURSE FEES SUNDRY SALES RECEIPTS BANK DEPOSIT INTEREST PROPERTY RENTS lindudes any oc￿¥1¢nal OTHER REVENUE RECEIPTS £000 £30 50 £493.28 £266 $7 £1,915.00 £0.00 £000 £1,93641 £68.81 £1,098 69 £1,480.00 £1,682.61 TOTAL REVENUE RECEIPTS £36.364.37 £24.058.36 NON41EVENUE REC PROCEEDS FROM SALES OF OTHER FIXED ASSETS £1,￿7.86 £17808 TOTAL NON.REVENUE RECEIPTS £7.007.86 £176.00 eAttaeh that Fund's ￿MIlar Ac¢cAJnt of Reeapls a# paoè AC1A. 4Th1 ￿ onl TOTAL RECEIPTS = A+ 8 £43,372.23 £24,234.44 Reconclllatlon.". NET CHANGE FOR YEAR IN CASHIBANK BALANCE:. - REVENUE ITEMS (- A- D fffjm page AC2) - NON41EVENUE ITEMS I= B- E fTcKn page AC2) -COM8INED l=G+PII CASHIBANK BALANCE FROAI LAST YEAR*140 £2.844.80 -+2'2Jl 6 44 £35,610 7D £7.169.62 £75,167.01 £35.610.70 CASHIBANK BALANCE AT THIS YEAR*ND 2025 AC1 THE SEA CADErs Forrn AW4UAL STATEMENT OF ACCOUNP FOR THE UNIT SCC A3 (R&P) RECEIPTS & PAYMENTS ACCOUNT for yax ond•d 31 March 2025 runrts Sn Scdjand. Slai8mthrt'8fonn and c£thit 8(¥￿ny •e by R8gulaivMs- SSI 2C(6r2181 Jan-20 Cw lo te U¢￿*d onto WeStrn￿5Ier VohJnteer& BusThss surp￿ h*er alArea offi￿ kn te I ￿ter 2025 Unlt Nam•". F￿nd-n￿OIPYrP9w irf lortho UThY5 purpos￿).. Poole Sea Cadets Unil 272 Charlty No. 301170 YEAR YEAR DIRECT CHARITA8LE ACTIVITY COSTS". FUNDRAISING & SPECIAL EVENTS COSTS COMPETITION COSTS FUEL & TRAVEL COSTS CATERING COSTS TRAINING DELIVERY COSTS ARTICLES PURCHASED FOR RESALE £6,047.63 tooo £2.299 50 £2.038 31 £885.48 £o.ci) £4,470.67 £000 £2,717 80 £1,31351 E1,117.20 £70.00 RENT ICOUNCIL TAX HEAT, LIGHT a WATER TELEPHONE & BROADBAND RUNNING COST In¢ POSTAGE. PRINTING & OTHER £2,740.98 £1,477.33 £1,105 £207.19 £12 00 £1,338 80 £690 71 £625.97 TENA CEC STSF BUILDINGS & ESTATE BOATS VEHICLES OTHER MISC EQUIPMENT INSURANCE COSTS BANK INTEREST & CHARGES £3,659.40 £2.147 87 £688.04 £000 £4.298.64 £0.00 £898 94 £1.18586 £1,09844 £1.259 51 £3.696 15 £0.00 ITh GOVERNANCE COSTS: FOR ACCOUNTSIAUDIT OR INDEPENDENT EXAMINATrON FOR OTHER PROFESSIONAL FEES FOR LEGAL ADVICE (for eonstitubon or trustees) OTHER REVENUE COSTS TOTAL REVENUE PAYMENTS 4nn £318.00 £000 £000 £21,213.56 £5.392.C £0.00 £21 534.40 £54.971.77 ON.RE¥EN ASSETS £16,841.54 £5,329.33 TOTAL NON-REVENUE PAYMENTS TOTAL PAYMENTS l%D+E) £16.841.54 £T1813.31 £5,329.33 £26 $42.89 ffAMaththat Fund's ￿mI￿rAOx￿1* of P•ftwd&aS p•ACZA, and tO+)Dl A¢2 THE SEA CADETS Ftrfm ANNUAL STATEMEKf OF ACCOUNP FOR ThE V14 SCC A3 {R&PI RECEIPTS & PAYMENTS Accol￿ for yw •nd•d 31 March 2026 J•Tr20 {"Uslrt8 In S¥Al•nd" Thk* W•T*rf$ fryrn •*1 rt• saubny Rtyu¥￿- SS 2rAY92181 Copy lo be Uppt￿ Orto w8atyy￿￿%tsran0 Voknri88r & Su4pM M•n•Jer* A￿￿fiL¥10 be nobw ty I N()bw￿l￿d5 Un Nam•'. Poole Sea Cadets Unit 272 Ch•rlty No". 301170 N*me of Fund THIS YEAR In E&W: STATEMENT OF ASSETS & L￿￿MEs YEAR CASHIBANK BALANCEISI AT YEAR-END {frorn page AC11 8ANK DEPOSITS Ill any) rKJt induded at LOANS RECOVERABLE OTHER DEBTS (total r•c¥)¥wthe- •xdude ￿Y-￿tI￿al8.l 'STQCKS OF ITEMS FOR RESALE Itoial ts)sii INVESTMENTS Iwes•nl ¥alue of $•C￿t￿ &cl INVESTMENTS leitte- t*l¢ygry 10 a R•strd•d Fu￿. Ir £7.169.82 £35,010.70 £21972.66 £27.￿2.93 - L4ND & BUILDINGS - BOATS . VEHICLES . COMPUTERS & OTHER EQUIPMENT 'For all Ihew Item5 (including any gifts at 0stwnated giv•ni $lat• th￿r lolal h•r• If Ih* as atThe £8.127.38 E19.4?8 59 £10,091.97 E3,334.31 £13,404.50 £41.351.24 £9.358.41 É6.923.45 TIE LOANS REPAYABLE OTHER CREDITORS Itotsl pay*•- •xdLwJ• any"K¢yu*'l CONTIMGENT LIABILITIES It￿￿MIt•d tow In￿￿nI) tScottl•h] ACCOUNT8 NOTe84 Ilf notwlts"n Annual ReFrfyti For any R•wpt$ & Paym•nls A¢couni induded in this Slaternenl of A￿gUnL the n0fv￿ and ol ach Fund accounied for and thè *al ffj6trthon8 on ils Tolal numbor •nd amount ol any 9rant8 paid to li} Indivlduals and lill InsiltuOon$. anawed by tyw of •cfy¥ty Amount oftrustee romunerabon {inc. Ici c￿neCted rwn¥l pa￿ and ihe 18984 aulhonty lor rt Amount of arry Iru5t•e exF•nses ￿1mbur￿ and for ￿)W many irust8e$ Amount and nature of any ¢)th¢r tru*•trtrOnsa¢ti lin¢luding wlh connected per•ons. stating the relabonthipl together with any amwnt awng at th9 ￿ar-O￿l {say sf ounts P•rtkul•rn I￿0*Y Alr￿•) Fv m•w'. N*tur•. Any fiJrth8r Infomi*on that'may reasonabty aMisY roader's und8rstsThJing (k*pry• nrf•l -wMyifno ("SIK•wdetarfson an exts •tt•¢h8d Signed os aulhonsed by the Unrt's Man•Jemert CLNnmitt08. Date.. -S£Pf- ZS -unit Tr6a$urer . Unrt Chaimian A¢3 •J•IIUAL #TATEII4IITOFACCOU¥PFOA M uMFr SC£A31￿P> ¢eipT¥4PAYWIEiffs•zcouNTkn 31 )11 TSO eHI5 3EII L•4 SodW& Sw C￿¥ Iklssci THE SEA CADETS Form ANNUAL STATEMENT OF ACCOUNf FOR THE UNIT SCC A3 (R&PI RECEIPTS & PAYME1￿8 ACCOUNT for y•ar •nd•d 31 March 2025 SLrthnd. This Statthnrfs ftym it5 ststhny ¥e Rewww)ns- SSI 2rw2161 Jan-2D Copyto be Ukloaded (¥rto We51MiDs￿8nd VLlwie4r & PAMK*SS SuKtht Marw *NJta Offi¢¢ ￿ t* rnb'fied ￿ 1 No￿￿er 2025 Unlt Namo.. POO￿ Sea Cadets Unrt 272 Ch*lty No. 301170 R￿•￿•8 Poll¢y The charty trustees, poliGy aims lo Mainla￿ unrestricted ￿erveS al a level equatsng to months revenue payments in order to safeguard the Unrfs CYVIKNJ acW$ from any unexpected ftlthationg in income Year-end reserves amounted lo months, on that basis. The Unit in d88hJn8led fimds repre￿￿￿￿ fixoda&set8 neod8d forluture aGtNities and for ptycts lo bè oul iiy s currgntly During the fin•nry81 year th• Unil r￿1Ved the lolknving don4l•J facilit￿r¥I¢85 Inot.. Enoli$h, Webh or Nl Unitsl.- Th8 Unrt andlor its trustees he5d the lollowing as*ts lor the chantyl*s named bel¢)w, vthosè charitsblo purposes are a8 Sel out hereunder SFw'al 4rran9ements for the safe custody of thosa assets and thoir Segregation frorn the Unil'8 own a$s•ts are as set out below IEn91ish. Welsh & Nl Units.. De￿Ie Ject￿n rf not applicab￿., Units in Scotland.. This diKlosure 1$ not mandaknyl."- Date S￿ne¢ as aLthori8ed by the Un￿S Management C(rfnmittee'. zs- sepi Unit Treasurer Unil Ch•imi8n Independent Examiner Not•.. The statutory aithi cf 8X8rnNJalA￿ TWt¢￿ fftis Statwnonl OffAL￿)unt must b• attached. AC5 Independent examlnefs report on the accounts Section A Sea Cad8ts Unli 272 31st Marth 2025 Chwmy n• 301110 R•¥[•￿ The chintys IDJslaes ara l¢Yt￿ prwarabon oftho r••pon•lbllltkn• ￿ aecthJn￿. Thg th8nlls lw51￿ that an autht 19 nol tN•tw• and rewired f￿1￿$ urvjer %(Jui 144 ofthe Charits"es kn Xll J lthe Charitits Act) #nd that an ￿th￿dent •xaminatsw t• tweded. M my tw￿¥1￿￿tylo". Ix￿￿19 the Ari4JrrtS WKler sec*M 145 ChoTibos Ad. fdliw the wcudure8 lad In b)e gerval DirBLai￿5 by ChHnty Carnmissr(￿ lurth sect￿ 145(51(bl of B••l• ol Ind•p•nd•nt P4ty•y2m￿lltsc￿ aC¢c￿￿Tr¢• 9¢n￿l •x•mln*• thl•m•nt gvgn Chwtycornmi￿￿. Am •xaffwft•tion i1￿￿deS 8 fowlewof the accjjvnbng recuds kepl by Iha thority ond • tompor15￿ dlh• 8cwJnts pros￿led *ilh rwords. tt algo IncbJd•8 of gny UrMjsu￿ Items ordi&doÈur•s ￿￿ lh• C¢￿￿￿. Séeking ÉXK4an•t￿S from the InJstee8 CThlCO1Th119 any Jrth m81ttrn. The wocedures undertaken ngt provi%lB all Ihg e%￿n¢• th41 *r#Ad be wuirod in èn audit. and conw￿nIY no oprwn is givw 8S to ty85enl a'tfU8 a￿1 fair and Ihe v