Trustees’ Annual Report for the period
From 01/04/2020 Period start date To 31/03/2021 Period end date
Charity name: Reigate Unit 281 of the Sea Cadet Corps
Charity registration number: 305108
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The charitable purpose of the Unit is to promote the development of young people in achieving their physical, intellectual and social potential as individuals and as responsible citizens by the provision of education and leisure time activities using a nautical theme and in accordance with the principles, ethos and practices of the Marine Society & Sea Cadets. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Seamanship, sailing, rowing, drill, band, football, swimming, shooting, Duke of Edinburgh, B Tech Public Services, |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had regard to the guidance issued by the Charity Commission on public benefit. |
Achievements and Performance
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SORP reference
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | We provided a safe and comfortable environment for our children and young people to learn various practical skills based on the traditions of the Royal Navy and develop their social skills through interaction with fellow juniors and cadets. Our volunteer staff are given training and support to provide the juniors and cadets with a high standard of learning. |
Financial Review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | We are in a good financial position. |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | N/A |
| Amount of reserves held | Para 1.22 | None |
| Reasons for holding zero reserves |
Para 1.22 | We currently have no specific projects which would require this. Our available funds are sufficient to cover our normal outgoings and the assets held give us a form of reserve. |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | Rental income from owned and leased properties. |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Sea Cadet Regulations |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Unincorporated |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustee selection is by election at the AGM. |
Reference and Administrative details
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Charity name Reigate Unit 281 of the Sea Cadet Corps
Other name the charity uses Reigate Sea Cadets, TS Arc Royal
Registered charity number 305108
Charity’s principal address 2 Hooley Lane, Redhill, Surrey, RH1 6ET
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Names of the charity trustees who manage the charity
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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Andrea Frost Chair Election by Unit Membership
2 Maurice Potter Vice Chair 01 04 2020 To 14 12 2020 Election by Unit Membership
3 Andrew Kerr Treasurer Election by Unit Membership
4 Peter Bishop Commanding Officer Election by Unit Membership
5 Angela Ballantyne PSA Chair Election by Unit Membership
6 David Cooper Trustee/Vice Chair Election by Unit Membership
7 Brain Robertson 01 04 2020 To 14 12 2020 Election by Unit Membership
8 Richard Smith 01 04 2020 To 14 12 2020 Election by Unit Membership
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– Corporate trustees names of the directors at the date the report was approved
Director name N/A
Name of trustees holding title to property belonging to the charity
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Trustee name Dates acted if not for whole year
Richard Smith
Brian Robertson
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Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
N/A |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
|
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date |
Andrea J Frost |
|---|---|
| Andrea Jane Frost Andrew Kerr |
|
Chair Treasurer |
|
| 06/12/2021 | |
| 06/12/2021 |
Management Report
SEA CADET CORPS REI BORO UNIT 281 For the period ended 31 March 2021
Prepared on 7 October 2021
For management use only
Table of Contents
Financial Activities............................................................................................................................................3 Balance Sheet..................................................................................................................................................4
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Financial Activities
April 2020 - March 2021
| Financial Activities April 2020 - March 2021 |
|
|---|---|
| Total | |
| INCOME | |
| AT01 - Athol House Rent | 9,661.80 |
| CA01 - Cadet Subscriptions | 3,222.50 |
| DO01 - Donation | 22,548.24 |
| GR05 - MSSC | 1,034.08 |
| RE01 - Flat Income | 9,000.00 |
| Sales of Product Income | 10.00 |
| V102 - Flat 2 income | 5,074.93 |
| VI10 - Rent 12 Victoria Road | 6,266.40 |
| Total Income | 56,817.95 |
| TOTAL | 56,817.95 |
| EXPENDITURES | |
| AT02 - Letting Fee | 1,435.73 |
| AT05 - Service Charge | 311.09 |
| BO01 - Boating Expenses | 600.00 |
| EL01 - Electricity | 1,476.74 |
| GA01 - Gas | 4,341.87 |
| GE01 - General Administration | 974.41 |
| GE05 - MSSC | 635.00 |
| IN01 - Insurance | 2,801.66 |
| LE01 - Legal & professional | -293.57 |
| MA01 - Maitenace of unit | 8,777.80 |
| MO02 - Motor Expenses Fuel | 507.18 |
| RA01 - Rates | 746.20 |
| TE01 - Telephone | 3,828.00 |
| UB01 - Uniform, badges etc | 67.45 |
| VI07 & VI15 2 & 12 Victoria road | 4,876.91 |
| WA01 - Water | 207.25 |
| Total Expenditures | 31,293.72 |
| NET OPERATING INCOME | 25,524.23 |
| OTHER EXPENDITURES | |
| Reconciliation Discrepancies | -7.73 |
| Total Other Expenditures | -7.73 |
| NET OTHER INCOME | 7.73 |
| NET INCOME/(EXPENDITURE) | £25,531.96 |
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SEA CADET CORPS REI BORO UNIT 281
Balance Sheet
As of March 31, 2021
| Balance Sheet As of March 31, 2021 |
|
|---|---|
| Total | |
| FIXED ASSET | |
| Total Fixed Asset | |
| CASH AT BANK AND IN HAND | |
| Treasurers Account(5716) | 61,213.22 |
| Total Cash at bank and in hand | 61,213.22 |
| NET CURRENT ASSETS | 61,213.22 |
| NET CURRENT ASSETS(LIABILITIES) | 61,213.22 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 61,213.22 |
| TOTAL NET ASSETS (LIABILITIES) | £61,213.22 |
| CHARITY FUNDS | |
| Opening Balance Equity | 19,906.66 |
| Retained Earnings | 42,480.84 |
| Surplus/(Deficit) | -1,174.28 |
| Total Charity funds | £61,213.22 |
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SEA CADET CORPS REI BORO UNIT 281
Certlficate of Accounts We have examined the accounts for Reigate Sea Cadet Corp unit 281 for the period of 1$t April 2020 to 31st March 2021 as shown on the Management Report, Financial Activities by Month sht and the NET Assets sheet. In our opinion these accounts are in accordance with the Units books and show a true and fair view of the sUlts for the year and of the stste of affairs as on 31 $t March 2021 . Title Signature Name Date ExaminerlAuditor C. Mills Unit Treasurer A. Kerr Chairperson A. Frost i¥//
NET assets for Reigate SCC period 1[st] Apr 2020 to 31[st] March 2021.
Investments Property IV01 Investments - Atholl House £163447.53 IV03 Investments - Flat 2 Victoria Road £139160.40 IVO4 Investments - Flat 2 Victoria Road £146660.40
Total = £449,268.33
Current value of Investment Properties (valuation Mar 2021)
IV03/IV04 2&12 100 Victoria Road = £191,000 each
IV01 7 Atholl House Redhill = £204,000.
Unit Value and Fixed Assets (furniture etc.) = £29,211
Total = £615.211
Title Signature Name Date Unit Treasurer A Kerr Examiner/Auditor C Mills Chairperson A Frost
NET scc 1StA r2020 0 31¥t March 2021. Investments Property IV01 Investments - Atholl House £163447.53 IV03 Investments - Flat 2 Victoria Road £139160.40 IV04 Investments - Flat 2 Victoria Road £146660.40 Total = £449,268.33 Current value of Investment Properties {valuation Mar 2021) IV0311V04 2&12 100 Victoria Road = £191,000 each IV017 Atholl House Redhill = £204,000. Unit Value and Fixed Assets (furnitu etc.) = £29.211 Total= £615.211 Title Signature Nan Date Unit Treasurer A Kerr SII•iLI ExaminerlAuditor C Mills Chairperson A Frost