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2025-03-31-accounts

Charity Trustees’ Annual Report For the year ended 31 March 2025

Charity Name: Finchley Unit of the Sea Cadet Corps

Charity Number: 303351

1. Objectives and Activities

The charity’s purpose is to provide activities and training to young people with a particular focus on activities related to the Navy.

2. Achievements and Performance

In the year to 31[st] March 2025, we:

3. Financial Review

Our total income for the year was £29,640 which came primarily from donations, small grants and cadet subs. We are very grateful to The Goldsmiths Company for their general donations to us which is a huge help in keeping us going. Expenditure was £25,909, with the majority spent on unit maintenance and improvements, motor and utility expenses and cadet activities.

4. Reserves Policy

The trustees aim to maintain reserves equivalent to six months’ operating costs to safeguard against unexpected funding shortfalls.

5. Plans for the Future

We aim to keep up the opportunities for the young people and to keep the costs to the cadets down so that no-one feels they can not afford to join. We also aim to carry on with improvements to the unit building.

6. Structure, Governance and Management

The charity trustees meet monthly and are all volunteers and receive no remuneration.

Signed on behalf of the trustees:

P Lowe – Trustee Date: 30[th] January 2026

Flnchhy S•a Cadets . Income and Expedlture Account to y1• 31st March 2025 Current Year 2025 2024 INCOMING RESOURCES (REVENUE RECEIPTS) HQ4*ants: Capitation Direct Other Grants Cadet Contribution Other Donations Special Event Proceeds MOD: 1.900.00 2,140.00 19.266.18 465.00 3,031.50 Boat Repair Grant Travel Expenses Refunds SCVA Income From Fundraising Competition Receipts Course Fees Sundry Sales Investrnent Income Bank Interest Received Other Revenue Receipts Total Incomlng Recelpts (Revenue Recelpts) 496.56 287.32 5.550.00 29,640.06 40.00 10,289.91 13,826.41 RESOURCES EXPENDED (REVENUE EXPENDrruRE) Fundraising Expenditure Competition Expenses Travel Catering Costs Training Courses Costs Purchases for Resale Overheads: 3,512.55 460.00 Renvcouncil Tax Heat & Light & Water Telephone Postage Printing & Stationery 442.26 2,927.52 497.45 504.66 2,571.99 1,277.73 Maintenance: Buildings Boats Vehicles Computers Other Equipment 11,158.82 4,679.30 5,840.39 2,539.41 Fuel Insurance Bank Interest and Charges Sundries Total Revenue Expenses Before Depreciation 1,529.84 25,908.83 325.14 12,358.23 Net Revenue Surplus before Depreclatlon Total Depreciation Current Year Surplusl(Deficlt) Before Dlsposals Gainsl(Losses) on Disposals of Fixed Assets Gains/(Losses) on Disposals of Investments CURRENT YEAR TOTAL NET SURPLUS 3,731.23 2,113.53 1,617.70 1,468.18 2,818.00 .1,349.82 1,617.70 -1,349.82

Flnchley Sea Cadets . Income and Expedlture Account to yle 31st March 2025 Current Year 2025 2024 MEMORANDUM CAprrAL TRANSACTIONS: Capltal Receipts: Loans Received/Recovered Other Receipts Total Capftal Recelpts 0.00 0.00 Capltal Payments: Loans Issued/Repaid Fixed Assets Purchases Other Payments Total Capltal Payments 0.00 0.00 Net Capltal Surplusl(Deflclt) 0.00 0.00 DEPRECIATION: Buildings Boats Vehicles Computers Other Equlpment 2,088.78 2,785.00 10 23 17.25 Total Depreclatlon 2,113.53 2,818.00 TOTAL CASH SUMMARY: Net Revenue Surplus Before Depreciation Net Capital Surplus/(Deficit) Totsl Net Surplus/Deficit) Openlng Cash & Bank Balances 3,731.23 0.00 3.731.23 18,919.80 1,468.18 0.00 1.468.18 17,451.62 Closlng Cash & Bank Balances 22,651.03 18,919.80

Flnchley Sea Cadets - Income and Expedlture Account to yle 31st March 2025 Current Year 2025 2024 FIXED ASSETS Land & Buildings Boats Vehicles Computers Other Equipment 6,266.34 21.01 48.80 8,355.12 28.51 66.05 Total Fixed Assets 6,336.15 8,449.68 Investments 0.00 0.00 Current Assets & Llabllltles Current Assests Loans Recoverable Debtors Stocks (at cost) Bank and Cash Balances Total Current Assets 22,651.03 22,651.03 18,919.80 18,919.80 Less Current Liabilities Loans Payable Other Creditors Total Current Llabllltles 0.00 0.00 0.00 0.00 Net Current Assestsl(Ilabilltles) 22,651.03 18,919.80 Total Net Assets 28,987.18 27,369.48 Represented By Accumulated fund brought forward from last year Current Year Surplus/(Deficit) Accumulated Fund carried forward 27,369.48 1,617.70 28,987.18 28,719.30 -1,349.82 27,369.48

Fknchhy S•a Cad•ts . kncom• •nd Exp•dllur• Account lo y1• 31st March 2025 Land & Bulldlng• Oth•r Equlpm•nt 8oit• V•hlcl•• Compul•r• Total Cost Cost brDughl forward from prior years Additions duftrvJ Ihe year Dry>opAls durtng th• year Total Cosls to Dale 81,147.00 3,864.78 3,355.57 88.367.35 0.00 0.00 88.367.35 81 147.00 3,355.57 D•pr•cl•th>n Depredallon bfought f¢)M8rd Irom prnr years D•pr•dallon charg•d kn Ihis poriod Depr•d•lion chargod lo date ￿ disposalg Bookprollvooss) on dlsposals Total Depredation lo Dale 72,791.88 2.088.78 3.83627 7.50 3,289.52 17.25 79.917.67 2,113.53 0.00 0.00 82,031.20 0.00 74 880.66 3,306.77 N•1 Book Va￿￿ lo Dale 0.00 6 266.34 21.01 48.80 6,336.15 Net Book Va￿e In Prtor Year 0.00 0.00 8 355.12 28.51 66.05 8.449.68

Finchley Sea Cadets for the year ended 31 March 2025

Independent Examiner’s Report to the Trustees

I have completed my examination of the accounts of Finchley Sea Cadets for the year ended 31 March 2025.

I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect accounting records were not kept in respect of the charity as required or that the financial statements 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 financial statements to be reached.

N H Webb, MA, ACA