Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
09Charity number 305037
Farnham, Fleet and Aldershot Sea Cadets
Unit 137 of The Sea Cadet Corps
Accounts and Annual Review for the year to 31 March 2024
Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
Trustees’ Annual Report on the Activities for the Year Ended 31 March 2024
| Charity Name: | Farnham, Fleet and Aldershot Sea Cadets Unit 137 of The Sea Cadet Corps |
|---|---|
| Charity registration number: | 305037 |
| Operational address: | T/S Swiftsure Lower Weybourne Lane Badshot Lea Surrey GU9 9LQ |
| Bankers: | Lloyds TSB 115 Victoria Rad Aldershot Hampshire GU11 1JQ |
Unit Management Team (Trustees)
| Martin Gallop (Chair) Neil Weston FCA (Treasurer) Paul Abbott |
SLt (SCC) Sean Kavanagh Graham Cooke Yvonne Blackburn (appointed 08.06.23) |
|
|---|---|---|
Nature and date of the Unit’s Constitution (governing document):
The unit is governed by the Sea Cadet Regulations.
The methods adopted for recruiting new trustees, and how trustees are elected or otherwise appointed (and by whom).
Unit Management Team (UMT) members are elected annually at the AGM. UMT members are elected from persons having an interest in the unit and its operations. In the event of a vacancy arising during the year (a casual vacancy) the UMT have the power to appoint a new UMT member who will be able to serve until the date of the next AGM, at which point they will need to seek formal election if they wish to remain in post.
The Unit’s Charitable purpose as set out in its constitution 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 Unit’s main activities and achievements in the financial year were: -
The Unit has had another successful year despite the fact that overall income has fallen significantly. This is solely because of the lower level of grants and donations this year. In 2023 we were finishing off the work on the new roof and received significant financial support from several organisations to help us pay for that.
Our “core” income in 2024 has increased from the previous year. In particular we have received over £20,000 in rental income as we seek to make more use of the building and facilities – special thanks must go to Yvonne Balckburn and Brian Blencowe for leading this operation.
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
Costs have obviously fallen as well; last year’s repairs figure included some £40,000 of the balance of the roof and associated works.
The accounts have again been prepared on an accruals basis, recognising all the assets and liabilities of the charity.
The statement of financial activities shows that the level of reserves has decreased by £8,233 in the year but there were still net current assets of approximately £13,000 and there continues to be sufficient cash and bank balances to cover the ongoing costs.
Public Benefit
The UMT continue to give due regard to the public benefit provided by the Unit in relation to the charitable purposes of the Sea Cadet movement as set out in the activities and achievements outlined above. The aim is to promote the development of young people in achieving their physical, intellectual and social potential as individuals and responsible citizens in a safe environment. To achieve this the Unit takes young people from all backgrounds, including where possible those with disabilities and develops their skills and abilities by:
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Regular and structured activities with a nautical theme;
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Allowing young people to take part in activities connected with the wider Sea Cadet movement such as seaborne activities, events and competitions at district, area and national levels;
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Availability of formal educational achievements whilst taking courses to earn badges and promotions.
Contributions are kept low to ensure that as many of those who wish to take part in the activities of the unit may do so.
Reserves Policy
The charity trustees’ policy aims to maintain unrestricted free reserves at a level of £10,000 to £15,000. This level is considered to be appropriate to cover several months of operating costs in the unlikely event that all sources of income cease.
Date signed as authorised by the Unit’s Management Team
………………………………………………… N A Weston FCA Unit Treasurer
………………………………………………… M Gallop Unit Chairman
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
Report of the Chairman of the Trustees
TS Swiftsure has had another successful and interesting year. Continuing to focus on the basics has enabled us to provide the best possible cadet experience for the ship's company. As I mentioned last year, the completion of the maintenance work on the roof, it has enabled the Unit to focus on upgrading and improving the teaching space and make plans to upgrade the “heads” (the showers and toilet facilities).
To make the best possible use of the large site and building that we have at the Unit, we continue to be creative on how the site is used and this has increased both the community engagement and the funds generated from renting out the space that we have. Everything from providing space for the local Round Table to having film crews stay with us.
The unit's Commanding Officer S.Lt (SCC) Kavanagh leads from the front and his enthusiasm is great to see, but more importantly he is building a great team around him who provide the stability that the Unit and cadets need.
Moving forward the Unit needs to continue to onboard new staff and up-skill them, to achieve the cadet focused goals on boating and further cadet promotions. This is all achievable with the current community engagement. Getting cadets afloat and gaining qualifications as they do so is a key part to the Unit sustaining the progress it has made.
As mentioned in the report of the Commanding Officer, this year has seen more participation in competitions, cadets on courses, hours afloat and activities within the community. Alongside this the cadets have gained promotions, been on offshore and overseas trips, maintained their attendance at the Unit and our boating sessions in the summer.
The Unit is now materially in good condition, although the maintenance requirements are significant. Fortunately, the UMT are fully aware of the role and responsibilities and a good maintenance plan is in action.
The ships company of TS Swiftsure should again be proud of what they have achieved this year.
Martin Gallop (Chair)
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
Report of the Commanding Officer
Introduction
2024 has been an exciting year Farnham Sea cadet Unit, with our cadets representing the District at many different competitions. We have seen the unit being used more and more for both District and Area events, due to the difficulty in them securing suitable MOD accommodation.
Changes have been made to the Sea Cadet Offer, which has been met with mixed feelings across the board.
Cadet Numbers
Our overall numbers have stayed strong at 52. I am about to start a new recruitment campaign as I would like to see this number increase.
Although attendance overall has stayed generally high, attendance on Mondays is lower than we would like, and it would be good to understand the reasons for this.
2024 Summary
This year has also been a busy year for TS Swiftsure.
We have had:
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4 cadets achieve BTEC’s.
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2 new members of staff join.
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Been awarded a burgee for 2023! This is the highest rating that can be achieved.
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Our cadets have attended District, Area and National courses.
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We have had Cadets on all the ships of the offshore fleet including trips overseas.
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Cadets parading at the Army v Navy Rugby and Football matches.
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And many, many more.
Farnham Needs You
As you know, Farnham Sea Cadets is entirely run by volunteers. Some of these you see – the instructors and admin team that attend on Mondays and Fridays, but there are also the members of the Unit Management Team (the UMT) – the trustees who, like the governors of a school, take care of the premises and raise and manage funds.
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
But we do need more people to support us. More trustees to join the UMT to help with fundraising and general management and volunteers to form and run the Parents and Supporters Association (P&SA). This is a vital area we are desperately missing.
People who are willing to support with the maintenance, to help us rattle collection tins for good causes and be a point of contact for those good causes, to run stalls with us at fetes and fayres. Much of this is currently taken on by the UMT and instructing staff meaning they have less time to spend of their core duties
Plans for 2025
Cadets have asked for us to do more social activities in 2025 and the first of these is now being planned by the cadets themselves.
SLt (SCC) Sean Kavanagh (CO Farnham, Fleet and Aldershot Unit)
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
Independent Examiner’s Report on the Accounts
Report to the trustees of Farnham, Fleet and Aldershot Sea Cadets [Sea Cadet Unit Number 137] on the accounts for the year ended 31 March 2024 set out on pages 8 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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, 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 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 Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Date: Signed: 10.10.2024 Name: Donald Faulkner ~~Ce~~ Relevant professional qualification(s) or body (if any): Address: Harriers, Frimley Road Ash Vale Surrey, GU12 5NT
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
Statement of Financial Activities
| Note | Unrestricted Funds |
Designated Funds |
Restricted Funds |
Total Funds 2024 |
Total Funds 2023 |
|
|---|---|---|---|---|---|---|
| Income | ||||||
| Income from charitable | Income from charitable | |||||
| activities: | ||||||
| Subscriptions | 10,915 | - | - | 10,915 | 10,818 | |
| Gift Aid | 1,277 | - | - | 1,277 | 2,408 | |
| Fund raising | 1,065 | - | - | 1,065 | - | |
| Donations | 3 | 3,737 | - | - | 3,737 | 33,861 |
| Grants | 4 | - | - | - | - | 9,360 |
| Activities | 5 | 520 | - | - | 520 | 1,296 |
| 17,514 | - | - | 17,514 | 57,743 | ||
| Rent received | 6 | 20,521 | 10 | - | 20,531 | 8,170 |
| Sundry sales | 63 | - | - | 63 | 894 | |
| Other receipts | - | - | - | - | 30 | |
| 20,584 | 10 | - | 20,594 | 9,094 | ||
| Investment income: | ||||||
| Interest received | 248 | - | - | 248 | 18 | |
| Total income | 38,346 | 10 | - | 38,356 | 66,855 | |
| Expenditure | ||||||
| Costs of raising funds: | ||||||
| Trading operations | 2,154 | - | - | 2,154 | 4,280 | |
| Fundraising | - | - | - | - | - | |
| 2,154 | - | - | 2,154 | 4,280 | ||
| Unit activities and | 7 | 32,186 | - | - | 32,186 | 70,808 |
| operation | ||||||
| Total Expenditure | 34,340 | - | - | 34,340 | 75,088 | |
| Net movement in | 4,006 | 10 | - | 4,016 | (8,233) | |
| funds for the year | ||||||
| Funds b/fwd | 502,332 | 2,684 | - | 505,016 | 513,249 | |
| Transfer | - | - | - | - | -. | |
| Funds c/fwd | 506,338 | 2,694 | - | 509,032 | 505,016 |
Designated funds (see page 10):
The cadets’ fund represents the surplus generated through the stand easy operated for the cadets, expenditure of the fund will be agreed in association with the cadets.
Signed as authorised by the Unit’s Management Team
……………………………… N A Weston FCA (Unit Treasurer) Date: 10 October 2024
……………………………… M Gallop (Unit Chair) Date: 10 October 2024
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
Statement of Financial Activities
| Note Income Income from charitable activities: Subscriptions Gift Aid Collections Donations 3 Grants 4 Activities 5 Fund raising Rent received 6 Sundry sales Other receipts Investment income: Interest received Total income Expenditure Costs of raising funds: Trading operations Fundraising Unit activities and operation 7 Total Expenditure Net movement in funds for the year Funds b/fwd Transfer Funds c/fwd |
Comparative Information Unrestricted Funds Designated Funds 10,818 - 2,408 - - - 33,861 - 9,360 - 1,296 - - - 57,743 - 8,170 - 894 - 30 - 9,094 - 18 - 66,855 - 4,280 - - - 4,280 - 70,808 - 75,088 - (8,233) - 513,249 2,684 -. - 505,016 2,684 |
Restricted Funds - - - - - - - - - - - - - - - - - - - - - - - |
Total Funds 2023 10,818 2,408 - 33,861 9,360 1,296 - |
|---|---|---|---|
| 57,743 | |||
| 8,170 894 30 |
|||
| 9,094 | |||
| 18 | |||
| 66,855 | |||
| 4,280 - |
|||
| 4,280 | |||
| 70,808 | |||
| 75,088 | |||
| (8,233) 513,249 -. 505,016 |
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
Balance Sheet as at 31 March 2024
| Notes Fixed assets Tangible fixed assets 10 Current assets Stock Debtors 11 Cash and bank balances Total Current Assets Current liabilities Amounts falling due within one year 12 Net current assets Total assets less current liabilities Long term liabilities Total funds carried forward Represented by: The funds of the charity Unrestricted funds Designated funds Cadets’ Fund Building Fund Restricted funds Capital Fund Total charity funds |
2024 2024 £ £ 486,397 361 1,909 25,417 27,687 (5,052) 22,635 509,032 - 509,032 506,338 2,694 - 2,694 - 509,032 |
2023 2023 £ £ 492,041 361 5,192 18,862 24,415 (11,440) 12,975 505,016 - 505,016 502,332 2,684 - 2,684 - 505,016 |
2023 2023 £ £ 492,041 361 5,192 18,862 24,415 (11,440) 12,975 505,016 - 505,016 502,332 2,684 - 2,684 - 505,016 |
|---|---|---|---|
| 2,694 - |
2,684 - |
||
| 505,016 - |
|||
| 505,016 | |||
| 502,332 2,684 - 505,016 |
|||
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
Notes on the accounts
1 Accounting Policies
The principal accounting policies adopted in the preparation of the financial statements are as follows:
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Farnham Sea Cadets meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Preparation of the accounts on a going concern basis
It is assumed that the charity as a going concern, it has sufficient available resources (financial, volunteers and support) to continue the operations that it carries out at present and those that are planned for the foreseeable future.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.
Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the staff and trustees is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity.
Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work.
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
● ● Costs of raising funds comprise a proportion of the costs of maintain and operating the building (which is rented out to provide additional income for the charity) and the costs of specific fundraising events held.
● ● Expenditure on charitable activities includes the costs of trips, cadet activities and the majority of the costs of running the building.
The charity is not registered for VAT and irrecoverable VAT on expenditure is charged as a cost against the activity for which that expenditure was incurred.
No trustees received any remuneration in the year, nor were any expenses paid by the charity to members of the UMT in respect of their duties as trustees of the charity.
Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs and governance costs which support the Unit’s cadet programmes and activities. Given the fact that these duties are entirely undertaken by volunteers there are no personnel costs and only minimal other expenses incurred. Such costs have been included in expenditure on charitable activities as shown in note 7.
Tangible fixed assets
Individual fixed assets are capitalised at cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:
| Freehold land and buildings | – not depreciated |
|---|---|
| Boats and equipment | – 15% written down value |
| Motor vehicles | – 25% written down value |
| Fixtures, fittings, plant, sports equipment | – 25% written down value |
| Diving gear and band equipment | – 5% to 15% written down value |
| Band instruments | – 5% written down value |
The land is not depreciated. Land and buildings are included at a valuation as agreed by the trustees at 31 March 2017, based upon advice given by a specialist adviser. The building itself does have a finite useful life but the overall value of £450,000 as used in these accounts assumes that the value of the old building is not material.
Debtors
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.
Cash at bank and in hand
Cash at bank and cash in hand includes all bank accounts (including the deposit account) and cash on hand.
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value.
2 Legal status of the charity
The charity is an independent charity, registered at the Charity Commission under Charity Number 305037. The registered contact is the treasurer, Mr N Weston.
3 Income from donations
| Farnham Institute Hedgehogs Farnham Round Table MSSC Farnham Angling Surrey County Council Others |
2024 - 2,500 - - 775 - 462 3,737 |
2023 3,000 - 1,888 25,000 - 3,000 973 33,861 |
|---|---|---|
4 Income from grants
No business support grants were received in the year ended 31 March 2024 (in the year ended 31 March 2023 the corresponding figure was £9,360).
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
5 Charitable activities
| Weekly boating and rowing Mess dinner Other |
Income £ - 520 - 520 |
2024 Expenditure £ 1,196 255 151 1,602 |
Surplus / deficit £ (1,296) 265. (151) (1,182) |
|---|---|---|---|
The “Return to Parading/Boating” costs relate to additional expenditure to make the unit and the activities “Covid Secure” in line with the applicable guidelines in place at the time of that expenditure.
| Weekly boating and rowing Mess dinner Activity weekends Other 6 Income from rent received Auction Container Hire Maker Space Tricks and Treats Stagestruck Hamlet Film Crew Parking Round Table Other |
2023 Income £ Expenditure £ - 1,081 570 573 270 - 456 - 1,296 1,654 2024 £ 3,000 720 4,200 2,205 100 7,975 1,160 550 611 20,521 |
Surplus / deficit £ (1,081) (3) 270. 456. (358) 2023 £ 4,310 720 - 2,265 470 - 405 8,170 |
|
|---|---|---|---|
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
7 Analysis of expenditure on charitable activities
| Note Special events 5 Hall hire Training Rates and water rates Light and heat Telephone and internet Postage, printing and stationery Property maintenance 8 Motor expenses Equipment repairs 9 Insurance Other costs Depreciation Loss / (profit) on disposal of fixed assets Governance costs 8 Property repairs Electrical work Sewage system works Heating system service Roof repair Scaffolding hire Cleaning and waste disposal Other items |
2024 £ 1,602 - 114 214 6,178 168 221 8,566 1,902 1,506 3,355 2,286 5,702 267 105 32,186 2024 £ 963 220 798 - - 6,659 377 9,017 |
2023 £ 1,654 160 - 397 5,830 764 300 49,934 999 529 2,785 792 6,676 (84) 72 70,808 2023 £ 5,800 2,276 726 32,374 4,500 6,083 803 52,562 |
|---|---|---|
Total cost allocated to charitable activities £8,566 (2023: £49,934), costs of generating funds £451 (2023: £2,628) and governance costs £ nil (2023: £ nil).
9 Equipment repairs
| Equipment repairs | ||
|---|---|---|
| Boat repairs Extinguisher service Genie servicing Trailer repairs Other items (all <£100.00) |
2024 £ 293 264 686 431 - 1,674 |
2023 £ - 587 - - - |
| 587 |
Total cost allocated to charitable activities £1,506 (2023: £529), costs of generating funds £84 (2023: £29) and governance costs £84 (2023: £29).
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
10 Fixed assets
| Freehold Land & Buildings Cost or valuation: As at 1 April 2023 450,000 Additions - Disposals - As at 31 March 2024 450,000 Depreciation As at 1 April 2023 - Charge for the year - Disposals - As at 31 March 2024 - Net book value As at 31 March 2024 450,000 As at 1 April 2023 450,000 Fixtures & Fittings Cost or valuation: As at 1 April 2023 17,587. Additions 326. Disposals (1,143) As at 31 March 2024 16,770. Depreciation As at 1 April 2023 13,505 Charge for the year 1,097 Disposals (1,089) As at 31 March 2024 13,513 Net book value As at 31 March 2024 3,257 As at 1 April 2023 4,082 Additions Mattresses Beds Gate lock Other items (all <£100.00) |
Leasehold Land & Buildings - - - - - - - - - - Band Equipment 31,943 - - 31,943 12,657 1,596 - 14,253 17,690 19,286 |
Plant & Machinery 2,535. -. (120) 2,415. 2,070. 86. (105) 2,051. 364. 465. Sports & Dive Equipment 6,424 - (1,312) 5,112 5,702 130 (1,113) 4,719 393 722 2024 - - 326 - 326 |
Motor Vehicles & Trailers Boats & Associated Equipment 13,171 42,992 - - - - 13,171 42,992 11,465 27,212 426 2,367 - - 11,891 29,579 1,280 13,413 1,706 15,780 Total 2024 Total 2023 564,652 563,464. 326 2,742. (2,575) (1,554) 562,403 564,652 72,611 67,183. 5,702 6,676. (2,307) (1,248) 76,006 72,611. 486,397 492,041. 492,041 496,281. 2023 2,385 357 - - 2,742 |
Boats & Associated Equipment 42,992 - - |
||||
|---|---|---|---|---|---|---|---|---|
| 42,992 | ||||||||
| 27,212 2,367 - |
||||||||
| 29,579 | ||||||||
| 13,413 | ||||||||
| 15,780 | ||||||||
| Total 2023 563,464. 2,742. (1,554) |
||||||||
| 564,652 | ||||||||
| 67,183. 6,676. (1,248) |
||||||||
| 72,611. | ||||||||
| 492,041. | ||||||||
| 496,281. | ||||||||
In addition, the Unit has beneficial, ongoing use of 1 further Quest and 1 Rigiflex with an outboard motor (that is used as a safety boat) but does not hold title to them.
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Accounts for the year to 31 March 2024
Farnham, Fleet and Aldershot Sea Cadets
| 11 Debtors Debtors, rents and gift aid receivable Other debtors Prepayments and accrued income 12 Creditors due within one year Trade creditors Short term loan Other creditors and accruals |
2024 £ 1,909 - - 1,909 2024 £ 595 - 4,457 5,052 |
2023 £ 1,090 - 4,102 |
|---|---|---|
| 5,192 | ||
| 2023 £ 1,253 4,500 5,687 |
||
| 11,440 |
13 Taxation
As a charity, Farnham, Fleet and Aldershot Sea Cadets Unit is exempt from tax on income and gains to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
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