Charity Number: 303130 KINGSTON & DISTRICT UNIT 203 OF THE SEA CADETS CORPS ANNUAL REPORT 31 MARCH 2025 Page 1 of18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS ANNUAL REPORT for the year ended 31 March 2025 TABLE OF CONTENTS Pages Trustees, and UMT Chairman's Annual Reports 3to9 Independent Examiner's Report 10 Financial Statements 11 to17 AppendFX 1 Commanding Officer's report 18 Page 2 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS TRUSTEES, ANNUAL REPORT for the year ended 31 March 2025 The Trustees present their report and the financial statements for Kingston and District Unit 203 of the Sea Cadet Corps {also known as T.S.Steadfast) for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Mr Edward Bentall - Life President The Trustees who have held office since 1 April 2024 are as follows= Conve ancin Trustees Mr Tony Anstee- retired 15.09.25 Mr Edward Bentall - retired 15.09.25 Mr Rowan Cole - retired 15.09.25 Mr Alan Skinner - retired 15.09.25 Unit Mana Trustees Mr David Brock Mr James Duffy Mr Tim Hope-wynne Mr Keith Lemon Mr Peter Mould Ms Karin Rattray ement Team UMT Chairman The principal address of the charity is T.S. Steadfast SCC, Thameside, Kingston upon Thames, Surrey KT1 1 PX. Chari contact The charity contact is Mr Peter Mould, 16 Vincent Road, Selsey, Chichester, P020 gDQ. The charity is registered under chartty number 303130. The Trustees have made the following professional appointments: Treasurer: Mr James Duffy, 47 Bazalgette Gardens, New Malden, Surrey KT3 5HF Accountant . Mr Clive Barger, MAAT, 12 Hartley Way, Purfey, Surrey. CR8 4EG Independent Examiner Mr Raymond Barger, 43 Erpingham Road, Putney, London, SW15 1 BQ Bankers: CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ The day-to-day responsibility for the running of the Sea Cadet Unit rests with the elected Unit Management Team ("UMT") comprising the following members: Mr Peter Mould- Chaimian Mr David Brock Mr James Duffy- TreasurerNice Chairman Mr Tim Hope-wynne Ms Karin Rattray Mr Keith Lemon Page 3 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS TRUSTEES, ANNUAL REPORT for the year ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Status and History Kingston and District Unit 203 of the Sea Cadet Corps (known as "TS Steadfast Sea Cadet Corps") was originally started in 1909 by local Kingston worthies. A Trust Deed dated 5 March 1917 has governed the Trustees ever Sin and created among other things the requirement to appoint three "Conveyancing Trustees" from the existing Trustees, who would perform certain duties on behalf of all the Trustees. In practice, this confers the responsibility when buying and sellÉng land and being responsible for any building in terms of lettings and upkeep. Registration of the charity took place on 1 August 1961. The area of responsibility of the Trustees changed when the organisation became a member of the ,newly formed Sea Cadet Corps in 1942. The Royal Navy created this organisation and instruction manuals were published which all Units were obliged to follow. Support was forthcoming by way of the provision of uniforms, equipment, travel and training. As a result, the role of the Trustees from that time has been to act as guardians of the propety and to be generally supportive of the UMT set up in accordance with the Sea Cadet Corps standing orders. Trustees are elected annually. In 2025, the structure has been changed. The charity's propety interests are no longer held in the name of certain individual trustees. Thameside Trustees Limited, a company limited by guarantee and controlled by the trustees, now holds the property interests permanently on behalf of the charity'and this saves the costs incurred when a trustee retires or dies. In practical terms, this means that Thameside Trustees Limited is now the Corporate Trustee of the charity. The members of the Unit Management Team of the charity are also the Directors of Thameside Trustees Limited which is a dormant non-trading company. Principal Activity The princrpal activÉty of the charity is to help young people towards responsible adulthood by encouraging valuable personal attributes and high standards of conduct, using a nautical theme based on the customs of the Royal Navy. The governing document of the Trustees is the Trust Deed dated 5 March 1917. The registered charity is governed by the Sea Cadet Regulations. Organisational Structure The principal responsibility of the Trustees is the provision of a suitable headquarters and its maintenance. The running costs of the Unit are being met from funds raised from Sea Cadet Unit activities and from existing resources. The Trustees meet three or four times each year and the adequacy of funds is kept under close review. All decisions reserved to the Trustees are taken by the Board of Trustees as a whole. Day to day management lies with the Finance and General Team (FGT) together with the Commanding Officer. The FGT comprises the following Trustees: Mr Peter Mould Mr David Brock Mr Tim Hope-INynne Mr James Duffy All decisions made by the FGT are ratified at the next UMT meeting Page 4 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS TRUSTEES, ANNUAL REPORT for the year ended 31 March 2025 Method of Recruitment, Appointment, Election, Induction and Training of Trustees The Trustees regularly review the mix of skills required to support the activities of the charity and to maintain its headquarters, boats and equipment. New Trustees are sought etther as additional Trustees or replacements when existing Trustees stand down. The Unit's Management Team (UMT) meet with the potential new Trustees to review the skills and suitability of the Trustee candidates to serve as Trustees of the charrty. If the Board assesses the new Trustee candidate as suitable, then, following the receipt of satisfactory references and checks, the person is invited to become a Trustee. Following his or her appointment, the Trustees will ensure that the new Trustee receives adequate training in his or her new role and responsibilities. Risk and Corporate Governance Matters The Trustees regularly assess the major risks to which the charity is exposed. The Commanding Officer, supported by the UMT, is responsible for the safety and welfare of the cadets within their care. The Marine Society & Sea Cadets (MSSC) carries out checks on the suitability and background of afi members of staff. Insurance arrangements are in place to cover the likely cost of any potential claims. Trustees, Responsibilities in the Preparation of Financial Statements The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance wÈth applicable law and regulations. The provisions of charity law require the Trustees to prepare financial statements for each financial year. Under that law, the Trustees have elected to prepare the financial statements in accordance wrth United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity as at the balance sheet date and of the income and expenditure for that period. In preparing those financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the applicable Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue on that basis. The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity, and to enable them to ensure that the financial statements comply with the requirements of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity, and hence for taking reasonable steps for the prevention and detectron of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemFnation of financial statements. Page 5 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS TRUSTEES, ANNUAL REPORT for the year ended 31 March 2025 Independent Examiner Mr Raymond Barger has agreed to act as Independent Examiner for the year ended 31 March, 2025. Statement as to Disclosure of Information to the Independent Examiner The Trustees at the date of approval of this Annual Report confirm that, so far as each of them is aware, there is no relevant accounting information of which the charity's Independent Examiner is unaware, and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant accounting information and to establish that the Independent Examiner is aware of that information. OBJECTIVES, PUBLIC BENEFIT AND ACTIVITIES Charitable Objectives and Public Benefit The charitable objective for which the charity was established is to help young people towards responsible adulthood by encouraging valuable personal attributes and high standards of conduct, using a nautical theme based on the customs and methods of the Royal Navy. The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the guidance published by the Charity Commission regarding public benefit reporting. The Trustees believe that the activities undertaken by the charity as detailed below constitute the proper provision of public benefit to those young people who avail themselves of the opportunities which are offered. The suggested monthly donation of £18 means that the activities and facilities offered by the unit should be within the financial means of virtually all the enrolled cadets. Charitable Activities In order to help it to meet its charitable objectives, the charity provides training in sailing, rowing, seamanship, navÈgation, drlll and related skills to young people in Surrey. It also trains young people to carry out military duties in connection with Remembrance Sunday and similar formal parade occasions. Relationships with Related Parties Trustees with children who are Sea Cadets or Royal Marine Cadets have the same relationship with the charity as parents who are not Trustees. Mr Edward Bentall and Mr. Tony Anstee are Trustees of The Rowan Bentall Charitable Trust and both make donations to the charity. Both Mr Bentall and Mr Anstee resigned as Conveyancing Trustees on 15th September, 2025. Page 6 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS TRUSTEES, ANNUAL REPORT for the year ended 31 March 2025 FINANCIAL REVIEW Review of the results for the year Results overview 2025 2024 Income 36,212 25 454 Misc. income Less:. Operating costs Surplusl (Deficit) for year Gainl(Loss) on COIF Investment Net surplusl{Deficit) for year The unit made an operating loss in the year of £8,266 to which the loss on the COIF investment fund of £4,467 was added making an overall loss for the year of £12,733. 44 478 34 892 (8,266) 4467 (9,438) 24 713 12 733 15 275 Overall operating costs during the year increased by £9,586 due mainly to substantial investment as follows Water heater Replacement pontoon landing stage £3,839 £2,580 ital Ex enditure Capital expenditure on kayaks and office equipment during the year amounted to £1,075 (2024 - nil) Reserves Polic It is the policy of the Trustees to maintain sufficient reserves to enable the charity to continue to provide services to young people in accordance with the objectives of the charity and to maintain the fabric, equipment and services of the building to a high standard. For the above reasons, the Trustees believe that the reserves held by the charity are not excessive and are likely to be required in the future. ,Investments Policy It is the policy of the Trustees to minimise financial risk and to maintain funds either in cash or in investments which can be easily and inexpensively realised. Internal Control The Trustees believe that the continual focus on costs is essential if the charity is to rnaintain an adequate level of reserves to meet the ever-changtng financial challenges presented by climate change, ever increasing legislation, the educational needs of the cadets and the costs of maintaining the unlt building to a high standard. Page 7 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS TRUSTEES, ANNUAL REPORT for the year ended 31 March 2025 UMT CHAIRMAN'S REPORT GENERAL In addition to the Team's" general and regular communications, each member of the UMT continues to accept and manage specific responsibilities. These are - Peter Mould (Chairman) Day-to-day liaison with the Commanding Officer. AII UMT communications with Sea Cadet HQ andlor London Area Office. Monitoring of all insurances and maintenancelservice contracts. Communicating andlor discussing all important matterslissues with the UMT members. Tim Hope-wynne (Secretary) Recording and publishing the Noteslminutes of all UMT meetings David Brock (ex- Chairman) Legal advice Insurance policies Jim Duffy VI Chairman (deputising for the Chairman in his absence and for peer review of issues) Monitoring of financial decisionslexpenditure Gangway - Staff & Cadets supervision Keith Lemon Unit Stores Manager General maintenance Unit transport advisor etc.. Karin Rattray UMT fund raising planning & support COMMAND Throughout 2024-25, our Oic (Officer in Charge) - Pety Officer L. Ball - continued to design and oversee the Units cadets training programme with a limited number of staff during that period. The shortage of reliable, quaIified and experienced staff clearly limited the effecttveness of that programme but the Oic, somehow, managed to retain the cadet numbers, their interest and eagerness. ACHIEVEMENTS & PERFORMANCE The Commanding Officerfs Report provides detail on specific cadet achievements since April 2024. However, it is clear that there is a real need for more capable & qualified staff. Several of our cadets achieved promotion during this period but the target of 'at least one promotion (in rank) per cadet per year, was not achievable because of that shortage. IMPROVEMENTS Pontoons The Oic identified an opportunity to purchase and deliver four second-hand pontoons. Having gained UMT approval; for the purchase, these were launched and moored on the outboard side of our mooring piles. Once the existing low-level, floating plastic walkways were moved and all our Trinity and power vessels were moored on the outside of the new larger pontoons (9m x 1.7m), they created a safe, relatively confined, shallow water training lagoon for our novice cadets. Page 8 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS TRUSTEES, ANNUAL REPORT for the year ended 31 March 2025 TRANSPORT Having last year identified the need to organise and fund the purchase of our own minibus, the UMT subsequently and reluctantly had to give priority to other projects. That included, for example, the Sea Cadet Corps requirement to update our armoury to enable approval for the reintroduction of arms drill with Drill Purpose weapons. The need for our own transport hasn't aSed to be one of our aims but we have been forced to reconsider our priorities particularly because of the likely cost projects such as- Project Arsenal - the requirement to update the Armoury security system plus the installation of and approved Arms Chest. Building maintenance including - replacemenurepair of the roof lights replacement of the wooden framed windows on the front of our HQ (facing the Thames) etc.....--.. COSTS & INCOME The financial statements within this Annual Report show that, during the financial year 2024125, the unit did not operate within the operational target of spending only our 'earned income, plus the interest from our investments. We actually suffered an operational loss of £8,266 (2024 - loss of £9,438). This will 'hopefully' be balanced by an improved performance of our COIF (investment) fund in the forthcoming year. The Trustees continue to monitor this situation. I take this opportunity to formally record my personal appreciation of all the dedication and time our Oic continues to give to the Unit, the Unit's Training Staff for their continued support plus all the ongoing work the UMT members and Conveyancing Trustees. l also thank our Life President, Edward Bentall for his continued support of T.S. Steadfast. This Report was approved by the UMT on 7 October 2025 and was signed on their behalf by the Chaiman. Peter Mould Page 9 of18
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS I report on the accounts of Kingston and DÈstrict Unit 203 of The Sea Cadet Corps for the year ended 31 March 2025, which are set out on pages 11 to 17. Respective responsibilities of trustees and examiner The charity's Trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act. to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audrt, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention. (1) which gives me reasonable cause to believe that in any material respect the requirements= to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Raymond Barger Putney, London, SW15 1BQ Date: 2 October 2025 Page 10 of ly
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS INCOME & EXPENDITURE ACCOUNT (Statement of Financial Activities (SOFA) for the year ended 31 March 2025 Unrestricted Restricted Total Funds Funds 2025 Total 2024 Notes INCOME Charitable activities Grant Fund raising events Donations, uniform sales, deposits and Gift Aid Rental income Parking space rental Bank interest 1,494 2,960 17,366 14,132 1,494 2,960 17.366 14,132 1,050 17,328 5,980 1,125 149 137 137 36,089 36,089 25,632 Investment income Gain/{deficit) on sale of investment 123 123 (178) TOTAL INCOME 36,212 36,212 25,454 EXPENDITURE Charitable activities Cadet direct costs Unit building repairs, maintenance and safety costs General services Depreciation Bank charges 3,144 3,144 1,539 12,573 26,260 2,441 60 12,573 26,260 2,441 120 3,315 26,805 3,673 120 60 TOTAL EXPENDITURE 44,478 60 44,538 35,452 NET INCOMEI(EXPENDITURE) BEFORE GAINSI(LOSSES) ON INVESTMENTS Gainl(Loss) on revaluation of investments (8,266) (4,467) (60) {8,326) (9,998) (4,467) 24,713 NET MOVEMENT IN FUNDS FOR YEAR (12.733) (60) {12,793) 14,715 FUND BALANCES BROUGHT FORWARD AT 1 APRIL 2024 236,454 165 236,619 221,904 FUND BALANCES CARRIED FORWARD AT 31 MARCH 2025 223,721 105 223,826 236,619 Page 11 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS BALANCE SHEET as at 31 March 2025 Un restricted Restricted Funds Funds Total 2025 Total 2024 Notes FIXED ASSETS Tangible assets Investment 4,730 210,114 4,730 6,097 210,114 224,458 214,844 214,844 230,555 CURRENT ASSETS Debtors and prepayments Cash at bank and in hand 4,652 7,342 4,652 7,448 3,381 5,382 106 11,994 106 12,100 8,763 CURRENT LIABILITIES Creditors: amounts falling due within one year Car parking rental received in advance 3,118 3,118 2,699 3,118 3,118 2,699 NET CURRENT ASSETS 8,876 106 8,982 6,064 TOTAL NET ASSETS 223,720 106 223,826 236,619 THE FUNDS OF THE CHARITY Restricted income funds Parents and supporters fund Galley equipment fund 106 106 165 106 106 165 Unrestricted income funds General Fund 133,720 90,000 133,720 146,454 90,000 90,000 Burlding repairs fund 223,720 223,720 236,454 TOTAL CHARiff FUNDS 223,720 106 223.826 236,619 The financial statements on pages 11 to 17 were approved by the Trustees and authorised for issue on 7 October 2025 and are signed on their behalf by . Peter Mo Page 12 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS Financial statements for the year ended 31 March 2025 ACCOUNTING POLICIES BASIS OF PREPARATION The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these financial statements and in accordance with the Statement of Recommended Practice.: Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Charities Act 2011. TANGIBLE FIXED ASSETS The building is owned by Thameside Trustees Limited, a dormant non-trading company incorporated in 2023 to hold the charity's property interests permanently on behalf of the charity. Under the lease, no rent is payable but the charity meets all the costs relating to the building. The charity owns certain assets such as trophies, camping equipment, band instruments and office equipment and some craft. In the past, these assets have been written off. All tangible assets purchased since 2009 (except those that form part of the infrastructure of the building) that have an expected useful economic life that exceeds one year are capitalised and classified as fixed assets. These are stated in the accounts at historical cost less depreciatton. Depreciation is provided on all such tangible assets on a "straight line" basis at rates calculated to write off each asset over its expected useful life as follows: Boats - over 10 years Equipment - over 5 years Storage facilities - over 10 years INCOME Income from fund raisEng, rental income and investment income is accounted for on an accruals basis. General donations and similar types of voluntary income are brought into account when received. Donations for specific purposes are treated as restricted income. EXPENDITURE All expenditure is accounted for on an accruals basis and is allocated to one of five groups of costs: cadet direct costs, unit building and maintenance costs, general services costs, depreciation and bank charges. INVESTMENTS These are included in the BaFance Sheet at market value. Gains or losses on revaluations or on sales are included in the Income and Expenditure Account (SOFA). FUND ACCOUNTING General Fund . this comprises the accumulated annual surpluses ( and deficits ) as set out in the Income and Expenditure Account which are available for use in pursuing the general activities of the charty Designated funds: these are separate funds set up from time to time by the Trustees out of general funds for specific future purposes or projects. Restricted funds :these are funds set up out of donations from donors who have specified conditions as to how they may be used. Page 13 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 Unrestricted Restricted Funds Funds Totsl 2025 Total 2024 1. INCOME Fund raising event Canbury Gardens Hampton Court National Liberal Club Welsh Harp sailing week end Paviours Charity 1,050 1,225 530 1,105 100 2,960 1,225 530 1,105 100 2,960 1,050 2. EXPENDITURE Cadet direct costs Uniforms and badges Uniform deposits repaid to parents Training materials and aids Gifts to leavers Welfare health and safety Boat repairs Equipment additions and replacements Miscellaneous event costs Transport Event refreshments Welsh Harp residential training week end MSSC unit membership fees MSSC unit contribution fee Power Boat training charges Staff training TOTAL 36 36 95 685 141 302 62 48 30 181 31 871 639 302 62 48 30 181 31 871 639 348 300 190 (635) 496 310 250 36 310 250 36 100 160 1,379 3,144 3,144 Unit building repairs, maintenance and safety checks Miscellaneous repairs, renewals and maintenance Equipment additions and replacements Maintenance of: Lift Fire extinguishers Fire alarm and emergency lighting - Gas cooker Boiler and heating system Armoury survey fee Electric water heating boiler Replacement pontoons 158 480 158 480 572 94 510 1,155 506 603 510 1,155 506 603 795 234 1,620 2,742 3,839 2,580 2,742 3,839 2,580 TOTAL 12,573 12,573 3,315 Page 14 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 Unrestricted Restricted Funds Funds Total 2025 Total 2024 General Services Insurance Telephone Staff travel and subsistence Staff car parking costs Cleaning materials Gas supply Electricity supply Rates IT support and maintenance Internet Zoom subscription Stattonery, printing and postage Legal advice Corporate Trustee costs Accountancy charges Rakat membership fee Wreaths 5,970 174 116 110 36 3,792 5,618 874 5,970 174 116 110 36 3,792 5,618 874 5,675 173 445 12 129 5,471 3,978 1,129 83 144 16 439 4,581 144 144 372 4,687 47 4,320 372 4,687 47 4,320 4,320 50 160 TOTAL 26,260 26,260 26,805 Depreciation Boats IT Equipment Office/cadet equipment Galley storage facilitFes 565 487 1,389 565 487 1,389 564 487 1,748 874 TOTAL 2,441 2.441 3,673 3. TRUSTEE'S REMUNERATION AND EXPENSES None of the Trustees or members of the UMT received any remuneration for their services. { Mr Clive Barger receives a contributlon towards the accountancy service he provides of £4,320 pa (2024 - £4,320 pa) . He is not a Trustee.) Page 15 of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 4. TANGIBLE FIXED ASSETS Storage facilities Boats Officelcadet Equipment IT equipment Total COST 1 April 2024 Additions 42,452 19.148 575 13,695 4,290 499 79,585 1,074 31 March 2025 42,452 19,723 13,695 4,789 80,659 DEPRECIATION 1 April 2024 Charge for the year 42,452 18,312 565 9,783 1,389 2,941 487 73,488 2,441 31 March 2025 42,452 18,877 11,172 3,428 75,929 NET BOOK VALUE 31 March 2025 846 2,523 1,361 4,730 31 March 2024 836 3,912 1,349 6,097 5. INVESTMENT COIF investment managed by the CCLA 2025 2024 Investment listed on a recognised stock exchange in the UK at market value - 1 April 202412023 224,458 209,923 Cost of investment units purchased Sale proceeds from investment units sold (10,000) (10,000) 214,458 199,923 (4,467) 24,713 Unrealised gainl(loss) Gainl(loss) on sale of units 123 (178) Valuation - 31 March 202512024 210,114 224,458 Page 16of 18
KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 2025 2024 6. DEBTORS AND PREPAYMENTS Prepaid insurance Gift Atd - 2021122 809 809 Gift Aid - 2022123 1,080 1,080 Gift Aid - 2023124 1,243 Potential grant for installation of gallery lockers Miscellaneous debtors 1,247 245 1,520 4,652 3,381 7. LIABILITIES Creditors - Amounts falling due within one year Provision for refunds of uniform deposits Miscellaneous accruals 1,200 1,918 1,200 1,499 3,118 2,699 8.THE RESTRICTED FUNDS OF THE CHARITY 1 April 2024 Income Expenditure 31 March 2025 Restricted Income Funds Parents and Supporters fund (note 1) 165 (60) 105 Notes 1. This money was raised by parents and supporters in order to finance specific projects for the benefit of the cadets as determined by the UMT. 9. RELATED PARTY TRANSACTIONS During the fjnancial year, there were no sea cadets who were the children of Trustees or otherwise related to Trustees . Page 17 of 18
Appendix 1 KINGSTON AND DISTRICT UNIT 203 OF THE SEA CADET CORPS (Charity 303130) COMMANDING OFFICER'S REPORT May 2025 Overall Perfonnance The unit has been keeping its level above water, with standards consistently improving under the command team. Staffing is still the heart of concern and the oveDNhelming need for more volunteers is evident. ljvhat we don't want is our current team burning out. Cadet recruitment is still on hold so as to maintain standards and ratios in line with policy. Whilst juggling pressures behind closed doors, Steadfast sucSses, continuing with its Budgie rating, are indicating that we meet the cadet experience scoring 76 % overall. Main section Sea Cadets Currently no. 30 - Myself being the main character and adapting to the environment we are still achieving. Our cadets are leaming core knowledge and skills. This being said, we're now back in from the wet season to focus on what's ahead. One of my focus areas is active learning and making sure we're engaged in our training program, showing commitment to achieve promotion and experience. RMC Currently no. 7 - Cl Elsdon continues to operate with precision and accuracy with the RMC achieving two awards this year. The most improved detachment is Lima Company in 2024 Winners of the Zeebrugge Trophy and nominee for the SRMO'S Trophy, a national award. Showcasing themselves with knowledge and skills to a very high level proven at Camp and on promotion boards with unbelievable results. Juniors. Currently no. 6 - Under the new leadership PO Hayward, our junior division became younger, with our application being approved for the inclusion of 9 year olds. This has and will allow us to continue cadet recruitment with longevity in mind. Allowin us to celebrate the followin Multiple sucSseS at Area Level and National Level. We ran 2 very successful unit boat weekends at the Welsh harp at the start of the year. With over 300 hours of sailing achieved. Adding to this experience every cadet gain either a stage 1 and 2 RYA qualifications. We assisted at the Hampton Marathon raising funds for the unit. Promotions -we have 4 cadets currently on their LC board and one on his Lance Corporal. Qualifications - Both Blues and Greens have gained a number of qualifjcations, from waterborne or First aid at work. Staffin Would like to make sure that's it's voiced. And a massive thank you to our unit supporters, Our UMT, Stores offir, Unit Admin and Garfield. These volunteers play a huge role in keeping our Unit operational. Other events Junior weekend residential Remembrance Sunda Car uard x2 Petty Officer (SCC) Luke Ball Commanding Officer- TS Steadfast Page 18 of 18