T.S. PHOEBE UNIT 49 OF THE SEA CADET CORPS CHARITY: 301756
RECEIPTS & PAYMENTS ACCOUNTS FINANCIAL YEAR 2024/25
OCTOBER 2025
Charity Number: 301756
RECEIPT AND PAYMENTS ACCOUNTSFOR THE YEAR ENDED 31 MARCH 2025
Content
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Revenue and Non – Revenue Receipts
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Revenue and Non-Revenue Payments
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Net Change for the Year in Cash / Bank Balance
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Statement of Assets and Liabilities
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Note to the Receipts and Payments Accounts
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Independent Examiner’s Report
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Charity Number: 301756
Receipts and Payment Accounts for the Year Ended 31 03 2025
| Charity Number: 301756 | Charity Number: 301756 | Charity Number: 301756 |
|---|---|---|
| Receipts and Payment Accounts for the Year Ended 31 03 2025 | ||
| Revenue and Non-Revenue Receipts | ||
| 31-Mar-25 | 31-Mar-24 | |
| Revenue Receipts | £ | £ |
| Annual Fund / Direct Grant | 2651 | 2308 |
| Other Grant | 7842 | 1050 |
| Cadet Contribution | 6803 | 6529 |
| Other Donation and Legacies | 5212 | 300 |
| Gift Aids and other Donations | 15 | 67 |
| Other Charitable Activities | ||
| Course Fees from Cadets | 863 | |
| PropertyRent | 5200 | 9528 |
| **Total revenue Receipt ** | 27723 | 20645 |
| Non-Revenue Receipts | ||
| Proceed from Assets disposal | 70 | |
| **Total Receipt ** | 27723 | 20715 |
Charity Number: 301756
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Receipts and Payment Accounts for the Year Ended 31 03 2025
| Receipts and Payment Accounts for the Year Ended 31 03 2025 | Receipts and Payment Accounts for the Year Ended 31 03 2025 | Receipts and Payment Accounts for the Year Ended 31 03 2025 |
|---|---|---|
| Revenue and Non-Revenue Payments | ||
| 31-Mar-25 | 31-Mar-24 | |
| Revenue Payment | £ | £ |
| Direct Charitable Activity: | ||
| TrainingCourses and Activities | 3689 | 3220 |
| Fuel and Travel Costs | 1099.79 | 1214 |
| Small equipment / Protective & SportingClothing/ Badges | 1038 | 396 |
| Overhead Costs: | ||
| BCP Non-Domestics Rates | 4653 | 1205 |
| Heats,Light & Water | 7995 | 3567 |
| Admin,Office Supplies,Printing& Postages | 898 | 678 |
| Hygiene,Health and Wellbeing | 902 | 1378 |
| Maintenance Cost: | ||
| Buildingand Estate | 1452 | 686 |
| Boat Enhancement / Boat Station Development | 2715 | 772 |
| Vehicles | 2887 | 2586 |
| Insurance Costs | 3362 | 2578 |
| Charity Governance Costs | ||
| Account / Independent Examination | 0 | 90 |
| Governance,Legal and Professional Costs | 6562 | 4746 |
| Other Revenue Costs | 418 | |
| Total Revenue Payment | 37254 | 23532 |
| Non-Revenue Payment | ||
| Capital Expenditure | 6677 | 4712 |
| Total Payment | 43931 | 28245 |
Charity Number: 301756
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Receipts and Payment Accounts for the Year Ended 31 03 2025
| Charity Number: 301756 -3- |
Charity Number: 301756 -3- |
Charity Number: 301756 -3- |
|---|---|---|
| Receipts and Payment Accounts for the Year Ended 31 03 2025 | ||
| Net Change for the Year in Cash / Bank Balance | ||
| 31-Mar-25 | 31-Mar-24 | |
| £ | £ | |
| Receipts - Revenue and Non-revenue(A) | 27723 | 20715 |
| Payment - Revenue and Non-revenue(B) | 43931 | 28245 |
| Net Revenue / Payment for the Year(A-B) | -16208 | -7530 |
| Cash / Bank Balance frompreviousyear | 57526 | 65056 |
| Cash / Bank Balance 31 March 2025 | 41318 | 57526 |
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Receipts and Payment Accounts for the Year Ended 31 03 2025
| -4- | -4- | -4- | -4- |
|---|---|---|---|
| Receipts and Payment Accounts for the Year Ended 31 03 2025 | |||
| Statement of Assets and Liabilities | |||
| Notes | 31-Mar-25 | 31-Mar-24 | |
| Current Assets | £ | £ | |
| Bank Balance | 3 | 41318 | 57526 |
| Amount Receivables | 0 | 0 | |
| Total Current Assets | 4 | 41318 | 57526 |
| Current Liabilities | 0 | 0 | |
| Fixed Assets | 5 | 23556 | 21862 |
| Net Assets | 64874 | 79388 |
Charity Number: 301756
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Receipts and Payment Accounts for the year ended 31 March 2025
Note to the receipt and payment accounts.
1. INDEPENDENT EXAMINATION
Although the gross income for the financial year falls below the threshold of between £25000 to £500000 range, the account was subjected to the review of an independent examiner to ensure transparency of the accounts.
The Independent examiner’s opinion on the examination is expected to be carried out in accordance with the general direction given by the charity commission. This statement together with the receipt and payment accounts will be submitted to the Charity Commission.
2. FORMAT OF 2024/2025 FINANCIAL STATEMENT
The receipt and payment option has been adopted as the preferred basis of presentation of financial information and data given the gross income is less than 250,000.
The 2024 / 2025 presentation of financial statements comprised of the following:
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Receipt and Payment Accounts
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Statement of Asset and Liabilities
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Notes to the Receipt and Payment Account
The Liquidity and Funds statement has been included to guide Trustees with additional financial control information.
3. Bank Balances
| 31-Mar-25 | 31-Mar-24 | |
|---|---|---|
| £ | £ | |
| Barclays Account | 40699 | 57000 |
| Equals Credit Card Accounts | 619 | 526 |
| 41318 | 57526 |
Charity Number: 301756
4. LIQUIDITY AND FUND STATEMENT
| 4. LIQUIDITY AND FUND STATEMENT | ||
|---|---|---|
| 31-Mar-25 | 31-Mar-24 | |
| £ | £ | |
| Total Current Assets | 41318 | 57526.12 |
| Funds Availability: | ||
| Restricted and Designated Funds | 23318 | 39526.12 |
| ** Unrestricted Funds | 18000 | 18000 |
| 41318 | 57526 |
*Unrestricted Fund* : £18,000** has been previously approved as in-extremis ringfenced funding to cover one year’s operating expenses.
5. OTHER FIXED ASSETS
| 5. OTHER FIXED | ASSETS | |||||||
|---|---|---|---|---|---|---|---|---|
| Pontoon | Storage Containers |
Trailer | Boats | Fixtures & Fittings |
Mini Vehicle |
Computer Equipment |
Total | |
| £ | £ | £ | £ | £ | £ | £ | £ | |
| NBV 01/04/2024 | 3992 | 8262 | 3082 | 4305 | 0 | 920 | 1301 | 21862 |
| Addition during 24/ 25 FY |
0 | 0 | 0 | 0 | 6677 | 0 | 0 | 6677 |
| 3992 | 8262 | 3082 | 4305 | 6677 | 920 | 1301 | 28539 | |
| Depreciation 24/25 FY |
1317 | 826 | 771 | 1421 | 139 | 184 | 325 | 4983 |
| NBV 31/03/2025 | 2675 | 7436 | 2312 | 2884 | 6538 | 736 | 976 | 23556 |
Depreciation has been calculated based on straight line method to ensure consistency as in previous period. The depreciation on Pontoon was calculated at 33.33% as well as for the newly acquired Boats, while storage container maintained 10% of the historical cost as in previous period. The minivan adopted historical depreciation value at 20% while other asset adopted 25% depreciation value consistent with historical depreciation values.
Charity Number: 301756
6. THE UNIT AS A GOING CONCERN
If the unit continues to maintain its present operational and financial process as guided by the trustee, it is deemed stable and able to continue as a going concern.
Roberto Rocca A.A.Balogun Roberto Rocca (Oct 16, 2025 17:24:23 GMT+1) A.A.Balogun (Oct 16, 2025 17:23:21 GMT+1) ______ _______ Chairman / Trustee Trustee (Finance) Roberto Rocca Azeez Balogun, PhD, MAAT.
Roberto Rocca
Roberto Rocca (Oct 16, 2025 17:24:23 GMT+1)
Chairman / Trustee Roberto Rocca
INDEPENDENT EXAMINER’S REPORT
INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF BOURNEMOUTH UNIT 49 OF THE SEA CADET CORPS
FOR THE YEAR ENDED 31[ST] MARCH 2025
I report to the trustees on my examination of the accounts of Bournemouth Unit 49 of The Sea Cadet Corps (the charity) for the year ended 31[st] March 2025.
Responsibilities and Basis of Report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). The charity’s trustees consider that an audit is not required for this year and that an independent examination is needed.
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act. In carrying out my examination, I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An examination involves reviewing the charity’s accounting records, comparing them with the presented accounts, and considering any unusual items or disclosures, seeking explanations as needed. Unlike an audit, it does not provide enough evidence to give an opinion on whether the accounts show a 'true and fair' view, and the report is limited to the matters in the statement below.
Independent Examiner’s Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Name: Mrs K. Aladesanmi ACCA, ACFE
Address: YOKYOK LTD, 54 Windham Road. BH1 4RD, Bournemouth
Date: 16[TH] October 2025
Kafayat Aladesanmi ACCA, ACFE