# Ipswich Unit 195 of the Sea Cadet Corps
# Financial Report for 2023/24
Prepared by Shaun Sams, Unit Treasurer
4 Nov 24
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TS ORWELL’s main financial push for FY 23/24 was to commence fundraising to replace our aging Pontoon.
Much of our existing pontoon (which we obtained second hand over 15 years ago) was becoming unsafe and unusable. A fundraising campaign was started in June 2023 by the Cadets thinking of, planning and participating in a sponsored 24-hour row around Ipswich Marina. The weather that night was diabolical. It turned out to be the coldest, wettest June night for many years. But, undeterred, the Cadets carried on, maintaining a strong sense of humour and demonstrating a level of resilience beyond what could be expected. In those 24 hours they covered almost 68 miles. Donations and sponsorship continued to come in as a direct result for many weeks. Altogether the Cadets sponsored row raised over £5000.
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A group of parents, guardians and supporters came together and set up an excellent and highly efficient ‘Pontoon Group’. Demonstrating hard work and determination, they had two aims: to raise funds, and to get our old pontoon removed and safely and responsibly dismantled (ideally for free).
Following various local and national quotes, the Unit settled for a Pontoon provided by Walcon Pontoons. A target was set at £51,000. The Unit Management Team agreed to ringfence up to £5,000 of Unit Funds towards the cost.
By the end of FY 23/24, the following grants had been received:
Peter Harrison Foundation £13,000 Foyle Foundation £ 5,000
Funds in the bank, ringfenced for the Pontoon at the end of the FY totalled £28,661
## Grants were also pledged by:
The Gosling Foundation £12,500
Bluebell Foundation £ 5,000 SE Area Committee £ 2,050 Suffolk Community Trust £ 2,000 Cllr Area Fund £ 1,000
## INCOME (£32,337)
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MSSC travel etc
Standeasy 1%Donations
1% 1%
Summer Interest EDF a oa
Legacy Donations camp ) X 1% 1% Oo
3% 2% " s Fundraising
Subscriptions isaN. 76%
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As expected, our biggest source of income for the year was from fundraising. The legacy donation (£1000) was a single bequeathment to the Unit. The EDF (£155) income relates to a refund of credit after we changed our supplier.
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## EXPENSES (£13,824)
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Competitions Trafalgar Boats/Equip
2% 1% y 0%
Phone \ Courses /“ Admin
2 iglalies: Uniform aa a ___ Cleaning
rs + 1% se 0%
Bus.Rates3% ,\ ij Boats21%
Misc Exp — \ & i
Travel fuel etc \
5% \G
(eS \iy|
oD
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Our largest outgoing category this year was for boating (£3043) included the purchase of a Dory displacement boat for £1000. This was from a previously ringfenced ‘restart grant’ from Ipswich Borough Council which was awarded in order to promote the Unit following Covid-19 pandemic. It also includes £800 for servicing of boats and engines, and £900 for the purchase of replacement oars and replacement parts for the Trinity boats. Our energy bill for this year totalled £1940 (although £155 credit was refunded). The cost of Minibus hire was high this year (£1850). This does include £507 for hires at the end of FY 22/23 for which we were not invoiced until 14 Apr 23. Other arrangements are now made where possible to reduce this annual cost.
## Detailed Breakdown of income and expenditure
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Income & Expenditure Account 01/04/2023 - 31/03/2024
||2023/24|2023/24|2022/23|2022/23|2021/22|2021/22|2020/21||2019/20|2019/20|2018/19|2018/19|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|FixedAssets
HQ Buildings (yr 10 of 10)|||5d|-|&|-|£|-|£|-|£|-|
|Computers (0 NBV)|||||£|-|£|-|£|-|£|-|
|Current Assets|||||||||||||
|P&SA Account including Standeasy|£|-|£|-|£|-|£|855.94|£|855.88|£|671.54|
|Standeasy cash in hand|£|23.45|£|23.45|£|23.45|£|23.45|£|23.45|£|23.45|
|General Accounts|£|46,487.46|£|27,974.90|£|30,485.54|£|30,227.68|£|25,074.45|£25,781.44||
|Unit Petty Cash|gE|236.64|£|236.64|£|23664|£|150.00|£|150.00|£|200.00|
|Total Assets|£|46,747.55|“£|28,234.99|£|30,74563|£|31,257.07|£|26,103.78|£26676.43||
|Current Liabilities|||||||||||||
|Standeasy|£|-|£|-|£|-|£|-|£|-|£|-|
|P&SA(Uncashed cheques)|£|-|=|-|£|-|£|-|g|-|£|-|
|General Accounts(Uncashed Cheques)|£|-|£|-|£|-|£|-|£|158.41|£|-|
|Total Liabilities|£|-|£|-|=|-|£|158.41|£|158.41|£|-|
|Net Assets|£|46,747.55|£|2823499|£|30,745.63|£|31,415.48|£|25,945.37|£23,534.56||
|Represented by:-|||||||||||||
|Accumulated funds B/F|£|28,234.99|£|30,745.61|£|31,257.07|£|25,945.37|£|26,676.43|£23,534.56||
|Depreciation ofHQ Buildings
income(expenditure)|£
£|-
18,512.56|£|-
(£2,510.64)||£0.00
(£511.46)||£0.00
£5,311.70||£0.00
£731.06||£0.00
£3,141.87|
|Depreciation ofComputers
Correction|£|-
£
0.£||-
0.02||£0.00
is}||£0.00
0||£0.00
0||£0.00|
|Accumulated Funds C/F|£ 46,747.55
£
a|||2823499|£|30,745.61|£|31,257.07|£|25,945.37|£26676.43||
## Certificate
We have examined the foregoing accounts and statements as at 31 March 2024 with the books and vouchers, and have obtained all the information and explanations required.
In our opinion the statement of balances and accounts are properly drawn up to exhibit a true and correct view of the financial position as shown by the books of the Ipswich Sea Cadet Unit.
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Chair Mr William Felgate Signed
Date
Treasurer Mr Shaun Sams Signed
Date
Unit CO. PO Adrian Chambers Signed
Date
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## Signed on Original
areata nm
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ae
z CHARITY tawny Memes . ive Gi many ti
oH) [FOR][ ENGLAND] COMMISSION [ AND][ SION] [om] [Lait] 8 of te See Leet ee : pi
ii Receipts and payments accounts CC16a |
For the period | (omdstat die | fad oral chek |
from | O1Apr23) To 31-Mar-24 |
Section A Receipts and payments
Unrestricted Restricted | Endowment Last
funds funds funds eee ae ib
fothenearest — tothencarast® tothenesrestt tothenewrestf —_tothenearest
a
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[Fundraising[Donations geT_T1,190) eei SS- bey-| (Soa1190| |Sa [|]
=‘Summer Camp kee ———705 TIT - -= 400705 51025|
[MSC(SupplierRefands aha. _ r a155 | ray -=|I SES ics= 297cs =i
|StandeasySeies 462| | 462 ai
cae Ssehe...3 | fei cee |
ese te
|A2 Asset and investment
sales, (see table)
‘Sub =| =
Tota receiptstotal [SE ) CT se
ASPayments RS Seg Ea diame lees L
[Sde maintenance papasamt [|] fo ee 1,625‘ait 4,163138
issrmes“ESS |
[Summer Campna SFost | | EERE 41852 464 [|]
|Standeasysiock 71 aie Ea
== palin sat ES 1 oe | Ec!
[Competitions[Business Rates rophies a52030)| i [364enorEm|
Fuel Costs 744 | |_|
[Ramin Costs ea 192)| | Se ie[as eae
Unitorm a
(Siait Training 6=| eneoo Oa 30
Sub fotal
[A4 Asset and investment—
\Displacement Boat 408 | -| | Z 4,000
i fo a) pens pu esac |
‘Sub total
Net rottemments| sal
AS Transfers of receipbe t s/(paymeween fu n td s ) =. ees 4
Aas func test yearend —| |e
Cash fundsthisyearend| 46,741 Ls ae
Section B Statement of assets and liabilities at the end of the period
Cale gente Defalits Unrestricted Restricted == Endowment
tonearest £ tonearest £ tonearest [£]
Bi Cash funds Bank | mss|{ - [|]
aa |
Gas(agree neon es wanTolalrecepcashannaccount(s)) fundspayers | Zea ineeas|
Unrestricted Restricted Endowment
funds funds funds
De tadies tonearest £ tonesrest £ tonearest£
B2 Other monetary assets % i = = =
CSAae ne ne Sf find Felt andes ae!
Details contention onal
B3 investmentassets =
Hetaiiis seein ‘Cost (aptional) lotic
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Paddleboards / Kyacks Unresticed
Bandinstuments ‘Unrestrided ois >
Office & Classroom equipment | (Uwestided | [ 3 =
ff Equipmenmt 2 [Unresticed ? te =
B5 Liabiifies Fund to which Aanourit diss When due
behalfSignedofbyailoneorthe trustees two trustees on e ae paedt
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Signed on Original
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i
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Income & Expenditure Account 01/04/2023 - 31/03/2024
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2023/24 2022/23 2021/22 2020/21 2019/20 2018/19
Fixed Assets
HQ Buildings (yr 10 of 10) £ - £ - £ - £ - £ -
Computers (0 NBV) £ - £ - £ - £ -
Current Assets
P&SA Account including Standeasy £ - £ - £ - £ 855.94 £ 855.88 £ 671.54
Standeasy cash in hand £ 23.45 £ 23.45 £ 23.45 £ 23.45 £ 23.45 £ 23.45
General Accounts £ 46,487.46 £ 27,974.90 £ 30,485.54 £ 30,227.68 £ 25,074.45 £25,781.44
Unit Petty Cash 2 236.64 £ 236.64 £ 236.64 £ 150.00 £ 150.00 £ 200.00
Total Assets £ 46,747.55 "£ 2823499 £ 3074563 £ 31,257.07 £ 26,103.78 £26,676.43
Current Liabilities
Standeasy : £ - £ - £ - £ - a - £ -
P&SA(Uncashed cheques) £ - £ - £ - £ - £ - £ -
General Accounts(Uncashed Cheques) £ - £ - £ - £ - £ 158.41 £ -
Total Liabilities £ - £ - £ - £ 158.41 £ 158.41 £ -
Net Assets £ 46,747.55 £ 2823499 £ 30,745.63 £ 31,415.48 £ 25,945.37 £23,534.56
Represented by:-
Accumulated funds B/F £ 28,234.99 £ 30,745.61 £ 31,257.07 £ 25,945.37 £ 26,676.43 £23,53456
Depreciation of HQ Buildings £ - £ - £0.00 £0.00 £0.00 £0.00
Income(expenditure) £ 18,512.56 (£2,510.64) (£511.46) £5,311.70 £731.06 £3, 141.87
Depreciation of Computers & - = - £0.00 £0.00 £0.00 £0.00
Correction o£ 0.02 is} is) 4]
Accumulated Funds C/F £ 46,747.55 £ 28,234.99 £ 30,745.61 £ 31,257.07 £ 25,945.37 £26.676.43
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## Certificate
We have examined the foregoing accounts and statements as at 31 March 2024 with the books and vouchers, and have obtained all the information and explanations required.
In our opinion the statement of balances and accounts are properly drawn up to exhibit a true and correct view of the financial position as shown by the books of the Ipswich Sea Cadet Unit.
Chair Mr William Felgate Signed Date Treasurer Mr Shaun Sams Signed Date Unit CO PO Adrian Chambers Signed Date
## Signed on Original
## IPSWICH UNIT 195 OF THE SEA CADETS UNIT REPORT
## Introduction
This year has been quieter than 2023, marked largely by transition and change. We welcomed a new Officer in Charge (OiC) and a new Chair, navigated changes in cadet numbers, commissioned a new pontoon and power boats, and implemented a revised Sea Cadet training program that, notably, saw the retirement of several longstanding specializations.
Despite these changes, we are seeing progress in many areas. Our Junior Cadet numbers have grown from just one over Christmas 2023 to a strong group today, though Blue Jacket Cadet numbers have declined slightly due to various reasons, including aging out and career shifts. Staff numbers remain steady, with ongoing professional development in various areas.
## Cadet and Staff Overview
Our current contingent includes 24 cadets:
- ° 24 Cadets who regularly attend. ° 8 Cadet Facing Volunteers. e 6 Trustee Unit Management Team Volunteers e 2 Non-Trustee Unit Management Team Volunteers
Staffing efforts include an urgent need for an Admin Officer and support with social media outreach.
## Training and Activities
Boating hours this year were affected by weather conditions, the pontoon transition, and fewer weekend activities. Public visibility was high, with appearances at events like the Suffolk Show, HMS Trumpeter event, and Ipswich Towns Portman Road Football Ground.
## Facility Updates
Interior decoration has refreshed much of the unit building, creating a welcoming atmosphere. However, our administrative building is showing signs of aging, with concerns around the main entrance floor, the fascia, and the exterior gloss work. A series of repairs were completed through work parties this year, though exterior maintenance remains an area of focus.
## Boat Fleet and Maintenance
Currently, our boats remain in the water for continued training and activities, though plans are underway to begin winter maintenance.
## Staff and Cadet Training
Our staff continue to work toward essential qualifications, with new roles in boating, stores, and administration progressing well. Cadet training has included qualification achievements and rate advancements, though boating hours were lower than usual.
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Staffing constraints, especially from civilian work demands, limited summer camp offerings.
Key efforts this year included the OiC’s Unit Regeneration Plan, developed with the new Chair, which outlines a path forward for training enhancements and is set to be reviewed and implemented annually.
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_ | CHARITY COMMISSION : j
| FOR ENGLAND AND WALES|!pswich Unit 195 of the Sea Cadet Corps
Receipts and payments accounts CC16a
For the period To
from 01-Apr-23 31-Mar-24
Section A Receipts and payments
Unrestricted Restricted Endowment Total funds Last year
funds funds funds
totheFsROrESE to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
es ee 2 >
lVolSubscriptions TS TPee See 8
interest,COOPa 00]| [89
| |
EE OE——E | [iC] eid”
sti
Re |ee {|
[COVIDLARestatGrant | 2,500CizC
Sub |
total (Gross income for 32,337 32,337
AR)
A2 Asset and investment sales,
(see table).
A3 Payments
[88
|
[BusinessRates |S | open Ore
pee OG
eee e100|
[Stafftraming——SSSCSC~—“~‘“~*~‘~*~‘dSC‘“*;‘;‘;*~*‘SS‘*S _
Hatoween —SSSSCSCS~—S SSS ro| _28|
Sub total|__12,825 ror ee
A4 Asset and investment
purchases, (see table)
eeDisplacement Boat [||
Sub es Rs es
total|___1,000 . [Sere,] |
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CCXX R1 accounts (SS)
1
03/11/2024
## Net of receipts/(payments)
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og os es ee
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Section B Statement of assets and liabilities at the end of the period
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Unrestricted Restricted Endowment to nearest £ to nearest £ to nearest £ es |es | (agree balances with receipts and payments account(s)) Unrestricted Restricted Endowment funds funds funds to nearest £ to nearest £ to nearest £ —— ——a -——-— -—— Fund to which Cost (optional) Current value — —————
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ren pane Cost (optional) Current ve
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charity’s own use
B5 Liabilities
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ee
FF (
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a
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es ee
DS |ee
et
Fund to which Amount due When due
liability relates optional) optional
secrecy eatin!
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Signed by one or two trustees on behalf of all the trustees
Signature Print Name Dale ot . approval Pe“Al = = tee pe yA Se emfale snTECey
CCXX R2 accounts (SS)
2
03/11/2024
## THE SEA CADETS
## EXAMINATION CERTIFICATE FOR UNIT ACCOUNTS
Unit Name: IPSWICH (Unit 195)
## Charity No: 304775
## 2023/24
| have examined the accounts comprising the Unit accounts together with all the relevant supporting documents and have obtained all the necessary information and explanation relating to these accounts.
| certify that the final)accounts present an accurate picture of the activities and transe tions undertaken on behalf of the Unit.
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SIZMOT: [AA Loic cerssccsecsscesseecsecesessseessesessesceecesseseeesenseseees
Independent / iV " “i ' —
Examiner - Cuve Bey (mar )
Date - afte te2 con
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