**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: 

- Provided over 30 cadets with inclusive activities 

- Provided support to cadets to attain individual training goals 

- Provided a safe environment for young people to get involved in activities that they would not otherwise have access to. 

- Helped young people gain confidence in their abilities and ambitions. 

## **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