Accounts for the year to 31 March 2025
Farnham, Fleet and Aldershot Sea Cadets
Charity 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 2025
Accounts for the year to 31 March 2025
Farnham, Fleet and Aldershot Sea Cadets
Trustees’ Annual Report on the Activities for the Year Ended 31 March 2025
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Charity Name: Farnham, Fleet and Aldershot
Sea Cadets
Unit 137 of The Sea Cadet Corps
Charity registration number: 305037
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| Charity Name: Farnham, Fleet and Aldershot Sea Cadets Unit 137 of The Sea Cadet Corps |
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 |
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; overall income has risen significantly. Much of this increase being the obtaining of funds to enable us to proceed with the next phase of improving the fabric of the building. Since the year end the cadet showers and toilet facilities have been completely replaced.
We have again received over £20,000 in rental income as we continue 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 2025
Farnham, Fleet and Aldershot Sea Cadets
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 increased by £21,672 in the year and our net current assets were approximately £48,000. There continues to be sufficient cash and bank balances to cover the ongoing costs and the planned capital expenditure.
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 27 October 2025.
………………………………………………… N A Weston FCA Unit Treasurer
………………………………………………… M Gallop Unit Chairman
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Accounts for the year to 31 March 2025
Farnham, Fleet and Aldershot Sea Cadets
Report of the Chairman of the Trustees
The unit is continuing to build up its community presence and involvement with other local organisations.
There has been an increase in much needed income from more lettings, which will increase further now that the heads (our toilets and showers) have been refurbished. The work on this being completed early in 2025 and includes disabled toilet and shower facilities.
There has been an increase in volunteer staff numbers, and we now need to drive UMT (Unit Management Team) and PSA (Parent and Supporters Association) recruitment.
To assist us with improving cadet numbers we are looking to relaunch the Unit band division in 2026.
Fundraising requirements continue for unit maintenance and upgrade requirements, we have many plans in development including new windows, wall insulation and a disabled lift.
This forthcoming year needs to be a year of cadet recruitment and retention.
Martin Gallop (Chair)
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Accounts for the year to 31 March 2025
Farnham, Fleet and Aldershot Sea Cadets
Report of the Commanding Officer
Introduction
As ever, 2024-25 has been a busy year for Farnham, Fleet & Aldershot Sea Cadets. From ship visits to community events and from competitions to pantomimes, it seems we’ve done it all!
As a result of our Unit performance during 2024, we were awarded a burgee, which is the highest award for unit efficiency. I would like to say a huge BZ (well done) to all the cadets and staff who worked so hard to achieve this.
We now have new head facilities (toilets and showers) and we are all very thankful for the hard work of the UMT, both past and present, that enabled this to happen.
Cadets
Sadly, our cadet numbers have dropped slightly. We are currently working with the Marine Society Sea Cadets (MSSC) Growth and Development Team with a view to increasing the number of cadets on strength. Possible ideas to increase numbers include a dedicated band division.
Competitions
It has become a bit of a struggle to get cadets to engage in competitions. It is hoped that we can get them out of this slump next year.
Courses
Cadets have attended courses of all levels this year from District to National including offshore trips. This is due, in no small way, to the efforts of our new XO and Unit Training Officer.
Community engagement
Community Engagement has been one of our success stories. 13 events – over one a month. The results of this are manyfold. Not only do the cadets have a better understanding of what is involved in civic life, but it has also helped us secure funding and a trip later this year to a Royal Navy ship.
Boating
We managed an average of 27 hours per cadet, slightly down from the target of 30.
This was due to a lack of qualified boating staff and a later than planned start on the water. Plans are already underway to ensure that this situation improves next year.
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Accounts for the year to 31 March 2025
Farnham, Fleet and Aldershot Sea Cadets
Staff
There has been quite a lot of change in staffing this year with 4 members of staff having to step away for various reasons. Some of that gap was filled with 3 former cadets joining staff. Unfortunately for us, 2 of them are now studying at university and the other is leaving to join the Royal Marines.
We have also gained 2 other members of staff so overall we have maintained roughly the same level, but we are still looking for more, especially those who are willing/able to become boating instructors.
Sub Lieutenant (SCC) Sean Kavanagh RNR – (CO Farnham, Fleet and Aldershot Unit)
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Accounts for the year to 31 March 2025
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 2025 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:
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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: 27.10.2025 Name: Donald Faulkner ~~—— ||~~ 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 2025
Farnham, Fleet and Aldershot Sea Cadets
Statement of Financial Activities
| Note | Unrestricted Funds |
Designated Funds |
Restricted Funds |
Total Funds 2025 |
Total Funds 2024 |
|
|---|---|---|---|---|---|---|
| Income | ||||||
| Income from charitable | Income from charitable | |||||
| activities: | ||||||
| Subscriptions | 9,856 | - | - | 9,856 | 10,915 | |
| Gift Aid | 1,600 | - | - | 1,600 | 1,277 | |
| Fund raising | - | - | - | - | 1,065 | |
| Donations | 3 | 24,428 | - | - | 24,428 | 3,737 |
| Grants | 4 | 2,528 | - | - | 2,528 | - |
| Activities | 5 | 582 | - | - | 582 | 520 |
| 38,994 | - | - | 38,994 | 17,514 | ||
| Rent received | 6 | 21,787 | - | - | 21,787 | 20,531 |
| Sundry sales | 106 | - | - | 106 | 63 | |
| Other receipts | - | - | - | - | - | |
| 21,893 | - | - | 21,893 | 20,594 | ||
| Investment income: | ||||||
| Interest received | 87 | - | - | 87 | 248 | |
| Total income | 60,974 | - | - | 60,974 | 38,356 | |
| Expenditure | ||||||
| Costs of raising funds: | ||||||
| Trading operations | 2,799 | - | - | 2,799 | 2,154 | |
| Fundraising | - | - | - | - | - | |
| 2,799 | - | - | 2,799 | 2,154 | ||
| Unit activities and | 7 | 36,503 | - | - | 36,503 | 32,186 |
| operation | ||||||
| Total Expenditure | 39,302 | - | - | 39,302 | 34,340 | |
| Net movement in | 21,672 | - | - | 21,672 | 4,016 | |
| funds for the year | ||||||
| Funds b/fwd | 506,338 | 2,694 | - | 509,032 | 505,016 | |
| Transfer | - | - | - | - | - | |
| Funds c/fwd | 528,010 | 2,694 | - | 530,704 | 509,032 |
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: 27.10.2025
……………………………… M Gallop (Unit Chair) Date: 27.10.2025
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Accounts for the year to 31 March 2025
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 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 10,915 - 1,277 - 1,065 - 3,737 - - - 520 - 17,514 - 20,521 10 63 - - - 20,584 10 248 - 38,346 10 2,154 - - - 2,154 - 32,186 - 34,340 - 4,006 10 502,332 2,684 - - 506,338 2,694 |
Restricted Funds - - - - - - - - - - - - - - - - - - - - - - |
Total Funds 2024 10,915 1,277 1,065 3,737 - 520 |
|---|---|---|---|
| 17,514 | |||
| 20,531 63 - |
|||
| 20,594 | |||
| 248 | |||
| 38,356 | |||
| 2,154 - |
|||
| 2,154 | |||
| 32,186 | |||
| 34,340 | |||
| 4,016 505,016 - 509,032 |
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Accounts for the year to 31 March 2025
Farnham, Fleet and Aldershot Sea Cadets
Balance Sheet as at 31 March 2025
| 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 |
2025 2025 £ £ 482,741 362 3,769 53,984 58,115 (10,152) 47,963 530,704 - 530,704 528,010 2,694 - 2,694 - 530,704 |
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 |
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 |
|---|---|---|---|
| 2,694 - |
2,694 - |
||
| 509,032 - |
|||
| 509,032 | |||
| 506,338 2,694 - 509,032 |
|||
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Accounts for the year to 31 March 2025
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 2025
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 2025
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
| Aldershot Churches Association Hedgehogs MSSC Farnham Angling Hart Council Others |
2025 22,000 - - 675 1,714 39 24,428 |
2024 - 2,500 - 775 - 462 3,737 |
|---|---|---|
4 Income from grants
No business support grants were received in the years ended 31 March 2025 or 31 March 2024. A grant for £2,528 was received from the MSSC in the year.
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Accounts for the year to 31 March 2025
Farnham, Fleet and Aldershot Sea Cadets
5 Charitable activities
| Weekly boating and rowing Mess dinner Courses Pantomime visit Other |
Income £ - 189 195 198 - 582 |
2025 Expenditure £ 1,392 242 - 267 - 1,901 |
Surplus / deficit £ (1,392) (53) 195. (69) -. (1,319) |
|---|---|---|---|
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 Other |
Income £ - 520 - 520 |
2024 Expenditure £ 1,196 255 151 1,602 |
Surplus / deficit £ (1,296) 265. (151) (1,182) |
|---|---|---|---|
6 Income from rent received
| Auction Container Hire Maker Space Tricks and Treats Stagestruck Film Crews Parking Round Table Other |
2025 £ 3,400 720 5,040 180 - 7,905 2,650 600 1,292 21,787 |
2024 £ 3,000 720 4,200 2,205 100 7,975 1,160 550 611 20,521 |
|---|---|---|
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Accounts for the year to 31 March 2025
Farnham, Fleet and Aldershot Sea Cadets
7 Analysis of expenditure on charitable activities
| Note Special events 5 Cadets’ equipment and clothing Training Rates and water rates Light and heat Telephone and internet Postage, printing and stationery Property maintenance 8 Motor expenses Equipment repairs 9 Insurance Legal and professional fees Other costs Depreciation Loss on disposal of fixed assets Governance costs 8 Property repairs Electrical work Sewage system works Heating system service Drain clearing Fire alarm works Cleaning and waste disposal Other items |
2025 £ 1,901 1,677 40 409 8,536 470 - 9,367 831 332 3,605 3,163 738 5,317 73 45 36,504 2025 £ - 1,398 828 330 360 6,633 311 9,860 |
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 |
|---|---|---|
Total cost allocated to charitable activities £9,367 (2024: £8,566), costs of generating funds £493 (2024: £451) and governance costs £ nil (2024: £ nil).
9 Equipment repairs
| Equipment repairs | ||
|---|---|---|
| Boat repairs Extinguisher service Genie servicing Trailer repairs Other items (all <£100.00) |
2025 £ - 246 - - 123 369 |
2024 £ 293 264 686 431 - |
| 1,674 |
Total cost allocated to charitable activities £332 (2024: £1,506), costs of generating funds £18 (2024: £84) and governance costs £18 (2024: £84).
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Accounts for the year to 31 March 2025
Farnham, Fleet and Aldershot Sea Cadets
10 Fixed assets
| Freehold Land & Buildings Cost or valuation: As at 1 April 2024 450,000 Additions - Disposals - As at 31 March 2025 450,000 Depreciation As at 1 April 2024 - Charge for the year - Disposals - As at 31 March 2025 - Net book value As at 31 March 2025 450,000 As at 1 April 2024 450,000 Fixtures & Fittings Cost or valuation: As at 1 April 2024 16,770. Additions -. Disposals (906) As at 31 March 2025 15,864 Depreciation As at 1 April 2024 13,513 Charge for the year 785 Disposals (833) As at 31 March 2025 13,465 Net book value As at 31 March 2025 2,399 As at 1 April 2024 3,257 Additions MTA Learning equipment Gate lock Other items (all <£100.00) |
Leasehold Land & Buildings - - - - - - - - - - Band Equipment 31,943 - - 31,943 14,253 1,596 - 15,849 16,094 17,690 |
Plant & Machinery 2,415. - - 2,415. 2,051. 70. -. 2,121 294 364 Sports & Dive Equipment 5,112 1,734 -.. 6,846 4,719 534 -.. 5,253 1,593 393 2025 1,734 - - 1,734 |
Motor Vehicles & Trailers 13,171 - - 13,171 11,891 320 - 12,211 960 1,280 Total 2025 562,403 1,734 (906) 563,231 76,006 5,317 (833) 80,490 482,741 486,397 2024 |
Boats & Associated Equipment 42,992 - - |
||||
|---|---|---|---|---|---|---|---|---|
| 42,992 | ||||||||
| 29,579 2,012 - |
||||||||
| 31,591 | ||||||||
| 11,401 | ||||||||
| 13,413 | ||||||||
| Total 2024 564,652 326 (2,575) |
||||||||
| 562,403 | ||||||||
| 72,611 5,702 (2,307) |
||||||||
| 76,006 | ||||||||
| 486,397 | ||||||||
| 492,041 | ||||||||
- 326 - 326 |
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 2025
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 |
2025 £ 3,508 - 261 3,769 2025 £ 5,322 - 4,830 10,152 |
2024 £ 1,909 - - |
|---|---|---|
| 1,909 | ||
| 2024 £ 595 - 4,457 |
||
| 5,052 |
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.
Page 17