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2022-03-31-accounts

Objectives andActivities
SORPreference
Summaryofthepurposesof Para7.17 Thecharitable purpose oftheUnit (thePurpose)
thecharityassetoutinits istopromotethedevelopment of young people
governing document in achievingtheirphysical,intellectualand social
potentialasindividuals andasresponsible
citizensbytheprovision of education andleisure
timeactivitiesusing anauticalthemeandin
accordancewith theprinciples, ethosand
practicesoftheMarineSociety&Sea Cadets.
Summaryofthemainactivities Para7.17 and 1.19 Weofferyoung peopleastructured
in relationtothosepurposes environmentinwhichtodevelop
for thepublicbenefit,in
particular,theactivities,
projects orservicesidentifiedin
theaccounts.
We provideaccesstoeducationandtraining
includingbut notrestrictedto:sailing (inshore
andoffshore), paddle sports,powerboating,
seamanship, navigation, marine engineering,
cooking,music,firstaid, piping and public
services.
We provideopportunities foryoungpeopleto
obtaina rangeof qualificationsaswellas
opportu nitiesforcommunityinvolvement.
Statement confirmingwhether Para 1.18 lncarrying outthecharitable purposetheUnit
thetrusteeshave had regardto andTrusteeshave regardto theaimand values
theguidanceissuedbythe oftheSeaCadet Corps andthe guidanceissued
CharityCommissionon public bytheCharityCommissionon public benefit.
benefit
ou may choosetoincludefu rtherstatementswh ererele
SORPreference
Policy ongrantmaking Para 1.38 N/R
Policy on socialinvestment Para1.38 N/R
including program related
investment
Contributionmadeby Para 1.38 Allthecharities functionsarecarriedoutby
volunteers volunteeys. Thereareno salariedstaff.
Other

SORPreference
Summaryofthemain Para7.20 ThemajorityofWSCcadetsare residentin
achievements ofthecharity, Wandsworth and representasocial mixwith two
identifyingthedifferencethe cadetsatpresent undersocial careorders;two
charity'sworkhasmadetothe otherswithaStatement ofSpecial Educational
circumstancesofits Needs and onewitha physicaldisability.Cadets
beneficiariesand anywider learn andcompete in boat handling,canoeing &
benefitstosocietyas awhole. sailing, navigation, meteorology&marine
engineering.TheytakeontheNaval valuesof
respect,self-discipline,integrityand
commitment,and learnlife skillsin motivation,
communication, teamwork andleadership.
Cadetsgaininternalandexternal qualifications.
ln2027,staff and cadetsattendedatotal of232
courses(89and143respectively).Cadets
gaining98 newquatificationsandbadges in
courses rangingfrom meteorology, rowing,RYA
powerboating,paddte sport, sailing, marine
engineering,Morsecode,BTECLevel1&2,First
Aid, and goodconduct

Reviewofthecharity's financial Para7.21 Thecharity showedalossfortheyearof
position attheend ofthe f-L8,795afterthepurchaseofanew mini-vanat
period anetco{off20,8L9.This decreasedour free
reservesto€48,555plusrestrictedreservesof
f10,000.
Statement explainingthepolicy Para7.22 Ourreserves aretheaccumulated net incomeof
forholdingreservesstating why thecharitysinceinception whichhasincluded
theyareheld legaciesandotherdonations.Theyprovidea
financial buffer against bothexpected
unexpectedcosts.
Amountofreserves held Para 1.22 f58,555of whichf10,000are restricted.
Reasonsforholdingzero Para 7.22 N/A
reserves
Detailsoffundmateriallyin Para 1.24 N/A
deficit
Explanationofany Para7.23 The biggestfinancialriskto thecharityisan
uncertainties aboutthecharity unsustainablerentrise byour!andlords
continuingasagoingconcern WandsworthCouncil.

Thecharity's principalsources Para 1.47 Housetohouse andstreetcollections during
of funds (includingany FlagWeek.Sellingsecond-handbooks. Jumble
fundraising) salesandfairs.Cadetsubscriptions. Ad-hoq
donations andlegacies.
lnvestment policyand Para 1.46 Allreservesare held onshort-termdepositswith
objectives includingany socia! major financialinstitutionsandcoveredbythe
investment policy adopted FSCScompensationscheme.
Adescription oftheprincipal Para 7.46 Themainriskto theUnit'sfutureistheremoval
risksfacingthecharity ofsubsidieswe previouslyreceivedfrom
Wandsworth youthservices andthelargerent
risebeing proposedbyWandsworthCouncil.
Other

Description of charity's trusts:
Typeof governing document ParaL.25 Trustdeed.
Howisthecharity constituted? Para1..25 Un-incorporatedassociation
Trustee selection methods Para1.25 Elected/Re-elected atAGM.
including details ofany
constitutionaIprovisionse.g.
electiontopostornameofany
personorbodyentitled to
appoint oneormoretrustees

oum
choosetoincludefurther
statementsw hererelevant about:
Policiesandprocedures Para1.5L Trustees haveto attendanonboardingcourse
adoptedfor theinductionand runbytheMarineSociety on safeguarding
training of trustees withinaset periodofjoining.
Thecharity's organisational Para1.51 Thecharityisaffiliatedto theMarineSociety
structureand anywider andSeaCadets, anational charity.
networkwithwhichthecharity
works
Relationshipwithanyrelated Para1.51
parties
Other

Charityname WandsworthChelseaandFulhamUnit278of theSeaCadetCorps
Othernamethecharityuses WandsworthSeaCadets
Registeredcharitynumber 303283
Charity's principaladdress AshloneBuildings
PutneyEmbankment
London
SW151LB

@F#r,T,ill^fi8Tffi',?l?JI @F#r,T,ill^fi8Tffi',?l?JI Wandsworth,
Recei
Wandsworth,
Recei
Chelseaanf FulhamSeaCadets
303283
andpaymentsaccounts
Chelseaanf FulhamSeaCadets
303283
andpaymentsaccounts
Chelseaanf FulhamSeaCadets
303283
andpaymentsaccounts
Chelseaanf FulhamSeaCadets
303283
andpaymentsaccounts
CC16a
Fortheperiod
from
i'.i;:.1'tt.tta:.,tt,'i/t ar'./.:::
01t04t2021
To i::r';;t,i r..2r;i+r:tt.it.:ii.i't",;r:
31t03t2022
SectionAReceipts andpa ments
Unrestricted
funds
Restricted
funds
Endowment
funds
Totalfunds Lastyear
to the nearest
to the nearestf to the nearest€ to the nearest€ to the nearest€
AlReceipts
Rental income from hire ofhall 1 1,918 11,918 14,170
Fundraising 4,465 4,465 17,735
Livery company grants 7,000 7,000 6,500
Cadet subscriptions 2,054 2,454 2,255
MSSC 8,881 8,881 448
Grants for specific items 3,249 3,249 9,157
lnterest 29 29 53
Other 45 45 1,142
Subtotal 37,640 37,640 51,460
A2Assetand investment sales,(see
table).
None
Subtotal
Totalreceipts 37,640 37,640 51,460
A3P
nts
Rent and Council Tax 14,524 14,524 13,075
Utilities & telephone 4,561 4,561 3,190
New boats
Maintenance - buildings, boats, vehicles 8,847 8,847 2,090
Miscellaneous 1,624 1,624 2,925
lnsurance 1,302 1,302 1,197
Fuel and travel 572 572
Computer and other equipment 4,188 4,199 2,951
New motor vehicles 20,819 20,819
Subtotal 56,436 56,436 25,319

Subtotal
Total payments 56,436 56,436 25,319
Netofreceipts/(payments) 18,795 18,795 26,142
A5 Transfersbetweenfunds
46 Cashfundslastyearend 77,351 77,351 51,209
Cashfundsthis year end 58,555 58,555 77,351
Unrestricted Restricted Endowment
riln?.,.4rz*."r, T)s:ZalVsi, funds
tonearest€
funds
tonearestf
funds
tonearestf
BlCashfunds Cash athand 48,555 10,000
Total cashfunds 48,555 10,000
Unrestricted
funds
Restricted
funds
Endowment
'funds
r:1qe.rt tonearestf tonearest€ tonearest€
82 Other monetary assets None
*wtazl"u Fundtowhich
asset belon
Cost (optional) Current value
83Investment assets None
ffiatazZ' Fund towhich
asset
Cost (optional) Current value
a
84Assetsretainedforthe None
charity's ownuse
Fund towhich Amountdue When due
r**tu22s liabi
relates
na
85 Liabilities None
Signedbyone ortwotrustees on behalf
ofallthe trustees
nature Print Name Dateof
a
Philip Forrester 12t09t2022

Independent Examiner's Report to the Trustees of the Wandsworth Chelsea and Fulham Unit 278 of the Sea Cadet Corps

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022 which are set out in the attached Trustees’ Annual Report and Receipts and Payments Account.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

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:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. 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.

John Howard FCA

Azets Audit Services 2[nd] Floor, Regis House, 45 King William Street, London, EC4R 9AN

Date: 16 November 2022