## **HULL SEA CADETS 118 ARGYLE STREET KINGSTON UPON HULL HU3 1HX** 

## **TREASURER’S REPORT AS AT 31 MARCH 2025** 

Total Income as per the Accountant’s Report as at the end of the Financial Year (31 March 2025) was £34,848 (£46,583) and Total Expenditure £36,484 (£37,274) resulting in £1,636 Expenditure over Income. Depreciation was £5,717. 

**TOTAL IN THE BANK £73,405.45 SAVINGS £16,531.35 * RESERVE ACCOUNT £15,000 REVENGE A/C £97.12 PFA £622.28** 

- **Savings account comprises of £10,000 (Contingency a/c)** – which is earmarked for additional security fencing 

- £1,952 (Radio Project) 

- £4,579.35 (Savings without restriction) 

**RESERVES - £15,000** 

**We continue to retain £15,000 in our Reserves for emergencies. Due to our dependence on Grants and Donations, the Committee feel it is important to have this money available to maintain our day-to-day obligations should this source of funding ease and we are unable to pay our bills.** 

## **SOME EXAMPLES OF HOW WE SPENT AND EARNED OUR MONEY TO 31.3.25** 

**INCOME Donations £9,820.16 (£19,405.60) Fundraising £3,719.49 (£3,159.44) Grants Unrestricted £9,500 (£6,000) Cadet Subs £8,501 (£9,705.10) Badges/Uniform £875 (£1,055) Camps/Courses £8,005.81 (£2,229.57) Sundries £191.90 (£820.59) MSSC Payments £2,088.84 (£1,682.72)** 

**EXPENDITURE Business Rates £338.60 (£318.22) Utilities £4,912.09 (£5,785.77) Insurance £3,961.30 (£3,711.70) Phone/Internet £1,133.74 (£911.78) Travel/Fuel £1,086.13 (£1,307.99)** 



## **Camps/Courses £9,003.12 (£3,227.79) Cadet equipment inc uniform £133.72 (£2,069.63) Major Equipment Purchase £2,332.85 (£600) Building Maintenance £6,902.89 (£13,025.20) Sundries £2,585.87 (£1,950.32)** 

Looking at the figures above you will see that we have been extremely fortunate to be recipients of many personal donations from people/organisations who support our work with the Cadets. Our main supporters are the Sir James Reckitt Charitable Trust: The Dewhirst Charitable Trust: Trinity House: ABP. We acknowledge the generosity of the Masonic Charities and the work of our Cadets who undertake the Stewarding Duties required. We also undertake many bag packing duties during the course of the year to help bring in money. 

Regarding Expenditure: We spent quite a bit on Building Maintenance (cleaning/repairing guttering): Work on the Male Heads: General Maintenance: 

Minibus costs were high due to problems which were finally resolved and Section 19 payments plus Insurance costs. 

Cadet equipment: Purchase of Radio equipment for our project. 

Camps/Courses: Payments re Tall Ships etc. 

Service Contracts: We have to take out these Contracts which are quite expensive. Gas/Electric/Security/Fire – If not, the MSSC could close us down. 

Bag Packing: We do as many bag-packs as we can to support ourselves. It does become more difficult each year as Stores reduce the number of tills. However, we maintain good relationships with Community Champions which is “key”. 

As we enter the new financial year we are going to spend the £10,000 Contingency money on additional Security Fencing and work begins on repairs to the Boatshed/Workshop. 



Registered number
505324
Hull Unit of the Sea Cadet Corps
Report and Financial Statements
31 March 2025

Hull Unit of tho Sea Cadet Corps
Report and accounts
Contsnts
Page
Chaiity Information
Truste88' Report
Independent Examiners Report
Stat8m8nt of Financial Activities
Statam8nt of Flnancial Position
ststement of Changes In Charltable Fund6
St8tarn8nt of Cash Flows
10
11
Notss to the Flnanclal Statements
12
Detailed Statement of Financial Activities
17
Detail￿ Income and Exp8nditure Account
18

Hull Unlt of the Sea Cadet Corps
Charity Inforniation
Trustees
Ms. Susan Coup18nd (Hon. Chalrman)
Hon. Alderman Bryan Bradley, DL (Vice Chaiman)
Ms. Trac8y Tomlinson (Hon. Treasurer)
C8Ptaln Derek Chadbum, Msc
Captain Chrfs Towne
Independent examlners
Jad(sons Chartered Accountants
Flrst Floor. Alblon HcMJ8e
Albion Street
Hull
HU1 3TE
Bankern
Barclays Bank UK plc
1 Churchill Place
London
E14 SHP
Regl8teYed offl¢e
118 Argyle Street
Hull
East Yorkshlre
HU3 1EX
Reglstered number
505324
Governlng document
Constitutlonlmemorandum of Under8tsnding between the MSSC and the Ministry of Defence

Hull Unlt of the Sea Cadet Corps
Reglstered charity number: 505324
Trustees, Report
for tho year ended 31 March 2025
The trustees present their report and financial stat8ments for the Charity for the year ended 31
March 2025.
Tha financial statements hava been prap8red und&r the historical cost conventlon and in
accordance with the Statement of Recommended Practice (SORP).. Accounting and Reporting by
Charltles preparing their accounts in accordance with the Financlal Reporting Stsndard applicable
in Ihe UK and Republic of Ireland (FRS 102) issued on 18 July 2014 and the Financlal Reporting
Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Charitles
Act2011.
Prlnclpal actlvltle8
Tha Charftys prlncipal actlvlty during the year corrtlnu8d to bg offaring a range of water and land-
based activiti68 in line with the tradition and custom8 of the Royal Navy. The nautical focus
shapes th8 behaviour and disclpllne of our young people and Is dlstinct from other youth groups
off6r8d by schools. Our ethos is to encourage high 8t8ndards of behaviour, which can help young
people engag& in education and positively shape thelr future.
Objectlves and aCti￿tleS
The prfnclpal obJectlve31activltles of the Charity are for young peoplè to galn:
Ilfe skllls.. self-confldence, leadership, teamwork. communication, citizenship, Innovation;
valugs., respact, loyalty, self-discipline, commitment, honesly & Integrity.,
quallflcatlons.. BTEC, Duke of Edinburgh, Natlonal Goveming Body.
an incr88se of job prospect8;
nautical ski113.' boating, sailing, off-shora voyages In tr£lnlng ship,. and
n8w frlendshlps as well a3 becoming a valuable m8mb8r of soclety.
We have referred to the Charity Commlsslon's general guidance on publlc bangfit when reviewing
our aims and obj8Ctlves and In planning our future actlvltles. In particular, th& trustees consider
how planned activities will contribute to the aims and objectives we have set. Wa exist to seNe
people In our community wlthout discrfmlnation. We strive to promote soclal welfare through the
provision of facllltles aimed at improving tho soclal and physlcal wellbeing of those in our local
communlty.
The Charity provid88 8 safe worklng environment for visitors, members, workers and volunteers
and any s8Mous Incidences are reported In accordance wlth our 8afeguardlng policy. Thgrè were
no sertous incidènts durlng the year ended 31 March 2025.
Tho Charity raises funds from the public in th8 form of voluntary donatlons from b8nefactor8
(supporters) in the form of personal donations or when cadets undertake Stewarding Dutses and
our Masonlc friends glve a donatlon to the Unit. We do have a few Grants which are awarded to
us annually to help with the running of the Unit. We also undertake Bag Packing events at local
stores.

Hull Unlt of the Sea Cadet Corps
Reglstered Gharlty number: 505324
Tru3tees' Report
for the year endod 31 March 2025
Th8 Charity do88 not use the services of a professional fundraiser or commercial p8rticipator in
the process of raising funds. Also, the Charity (or any person acting on its behalo is not subject to
any voluntary schema for r8gulating fundraising, or voluntary standard for fundraising in respect of
activiti8s on behalf of the Charity.
Th8 Charity (or any person 8Ctlng on it8 b&h81fj has not raceived any complaints in regard to its
fundraising activities.
Actlvities duri
the
ar
Tha followlng aGtlvltles were Ca￿le￿ Out durfng Ihe year..
clvic events throughout the Cily and East Riding of Yorkghira.
stèwarding to raise mon8y for the running of the Uni(
helping other charities (i.e, Roy81 British Legion, Lost Trawlemen of Hull Sgrvice,
Independent Merchant Navy Associatlon, Falkland Veteran8>;
waterborne activltie8 and camplng 8t Welton Waters
training courses for Int8mallylext8mally accredlted quallficatlons (for example. BTEC-level
diplomas and Duke of Edlnburgh awards)
off-shore voyages ¢M Sea Cadet Tralnlng Shlp3'
trainlng weekends at the Unlt.,
drfll competitlons,, and
Bag Packing events.
Flnanclal revlow
rinci
ourc
offu
Tha larg8st contribution to the Charlty Is usually from the Slr James Reckltt Chariiabl8 Trust (for
£8,000). The principal source of funding remalns as donatlons, subscriptions and grants.
The Charity incurred a daficit of £1,636 for the financial year. At 31 March 2025, Ihe Charlty held
total funds of £535,750,. £105,655 of which was cash at the bank and in hand. (The rest is the
valua of fixed assets, £430,511, le88 creditors of £720.) This, In all, is consid6red to be an
appropriate level of funds to enablo th8 Charity to pursue ils objectives.
The trustees have a forecast of the lavèl of fr88 r8SoNas, (that is, those funds not tled up in flxed
assats) that the Charlty will requir8 to sustain its day-ti>day obligations. Whllst our actual fr8e
re8erves may prove sufficlent, It Is the trustees, viaw that it is prudènt to malntaln the forecasted
level of rosarves to allow for financlal flfrxlbilily 8nd stsbllity In light of the Charity'8 dependence on
grants and donatlon8.
Inv8siment olic
The trustees have adopted a strong, soclally responsible investrnent policy for the reserves of the
ChaTily. Thls policy, in tandem with the n8ed to fulfil our statutory obligations, has ihe objectlve of
investiThJ in such a way that the prlnclples of socially responsible investment are promoted. A
further factor is the need to have ready access to our reserves (as lon&tenn fundlng cannot be
guaranteed) so, for the current period, we have placed SUr￿u8 funds In the Charity's bank current
account.

Hull Unlt of the Sea Cadet Corps
Reglstered charfty number: 505324
Trustees, Report
for the year ended 31 March 2026
mana
The trusteas actlvely review, on a regular basis. the major risks that the Charlty faces in
maintaining reserves at the levels detailed above; in addition to an annual reviaw of the controls
over key financlal systems carried out through an intern81 audlt proc&ss.
Int8rnal control risks are minimised by authorisation procedures for 811 financial transaciions.
Pollcies and proceduras are in place to ensure compllance with health and safety regulations by.
and for, staff, volunteers and visitors.
Th• trustees have al80 examinad other operational and bu8ine88 rlsks which w8 face and confimi
that they have taken 8teps to mitigate any 8lgnificant risks.
structUM• govemance and management
ve
in
Hull Unlt of the Sea Cadet Corp8 is a charitable organlsation that has been running In Hull since
1914 and was registered as a chartty in 1978. The Marine Society and Sea Cadets merggd and
Ihe Charlty is governed by a ConstitutionlM8morandum of Understsnding betwaen the MSSC and
tha m11￿&ty of Defencè (MOD). Around 400 Units then becama separate charttle8 (funding
them8elve3) wlth the MSSC as thelr goveming body. Th8 Charlty trades a8 'Hull Sea Cadets,.
E8ch unlt has unlfomed st8ff headed up by the Commanding Officer (CO) The Unit
Management Team (UMT) are °clvilians" and are responsible for Ihe malntenance of Ihe Unlt,
payment of bills, providing equipment. We are a small team headed up by the Chairman who has
ultimate responsibility for th8 Unlt. To be effective, the CommandSng Officer and Chalrman have
to malntsin a good working relationship. We have an Executlve OfflGer who is second to the CO
and an Operatlons Offlcer who organisès events In conjunction wllh lh8 CO and UMT. We also
have a Royal Marines Detsthment headed by a Detachment Cammander.
Voluntee
Volunteers (staff and UMT) do not ggt Pald and willingly glve up their fr68 time - without them the
Unit would not be able to operate.
There wer8 11 volunteers, excludlng truste88. throughout Ihe year who aided in the runnlng of Iho
Charity.
toftr
stee
Cadats can see our Wèbsite, sign up onllne and then visit lh8 Unlt. Staff are very often from a
naval background or volunteers who just want to slgn up as Instructors. Trustees for UMT are
harder to find and usually are approached by the team if we consider them a suitable candidats.
There were no new or additional truste8s r8cruited in the year to 31 March 2025.

Hull Unlt of the Sea Cadot Corps
Reglstsred charlty number: 606324
Trust?es' Report
for the year ended 31 March 2025
Truste
inin
Most Induction and Tr81ning is now done online and monltored by Tr4Q. All the ne￿$sary
Safeguarding traininglDBS has to be completed before staff are allowed near the Cadets.
New trustees are encouraged to famlliarise themsalves wilh charity law. thelr r88pon8ibilities as
trustees and with th8 Charity's rules and practices. These cover..
th8 obllgatlons of Trustee Board.,
the operational framework for the Charity;
the curr8nt financial p08itson and revenu8 generatlon., and
fLrture plan8 and obJectlve8.
Trustegs
followlng pers¢M8 served as trustees during the year..
Ms. Susan Coupland (Hon. Chairman)
Hon. Aldeman Bryan Bradley, DL (Vic8 Chalrman)
Ms. Tracey Tomlinson (Hon. Treasurer)
Captain D6rek Chadbum, Msc
Captaln Chrls Towne
Tru8tee8' re8pon81blllt1è8
The Trustae8 are rèsponsible lor k8eping accounting record8 which disclose wlth reasonabl8
accuracy the flnanclal posltlon of the Charity and enable them to ascertain lo ensure that the
accounts comply with th8 Charltles Act 2011 and the provisions of the trust deed. Th8y are also
responslble for safeguarding the assets of the Charity and hence lor taking reasonable 8teps for
the pr8v8ntion and d6t8Ctlon of fraud and other Irrogularltles.
Tha Trustèos are responslblé for the maintenance and Intsgrlty of th8 Charity and financial
informatlon Included on the Chartty's website as well a8..
8) to prepare financi81 statements which show 8 true and fair view.
b) in preparing financ181 st8t8ments',
(l) to select suitable accounting pollcles 8nd apply them on a con8lstent b8816,' and
(li) to m8ke judg8m8nts and 6stimates that are prudent and reasonable. a6 W811 as
c) to keep proper accounting records.

Hull Unit of the Sea Cadet Corps
Reglstered charity number: 505324
Trustees, Report
for the year ended 31 March 2025
Dlsclosure of Informatlon to Independent examlner6
Each person who was a trustee at the tlme thls report was approved confinns that..
so far as he is aware, there Is no relevant audit infom8tion of which th6 Charity's independent
examlner Is unaware; and
• he has taken all the steps thai he ought to have taken as a trustee in order to mak8 himself
aware of any relevant audlt infomation and to establish that the Charity's indapendent
examlner 16 aware of that information.
Thls r8port was approved by the board on 11 June 2025 and slgned on its behalf.
Ms. Susan Coupland (Hon. Chalman)
Trustee

Hull Unlt of the Sea Cadet Corps
Indepondent Examlnerfs Report
to thè members of Hull Unit of the Sea Cadet Corps
l Feport to the tTUStees on my exarnination of the accounts of the 8bova charlty ('the Charitl) ft)r Ihe year
ended 31 Marth 2C25 whlch ar8 set out in pages 1 to 19.
Re8pon8lbllltles and ba8ls of report
As the Charlty's trusteeg, you are re8ponsibl& for the prep8ratlon of th8 accounts In accordanca with the
requirements of the Charitie8 Act 20111'th8 Act,).
I report in respect of my examlnation of the Charlly's accounts carrled oul under 88Ctlon 145 of tha 2011 Act
and in carrying oul my examination, I hava followed all the applicab￿ Dir8ctlon8 givon by the Charlty
Commission under section 145(5)(b) of the Act.
The Inancial 8tatements have been prepared under the historlcal cost conventlon and in aGcordance with the
Statement of Recommended Practlce (SORP).. Accounting and Reporting by Charities preparing their
aexounts In accordance with the Financlal Reporting Standard appllcablè in the UK and Republlc of Ireland
(FRS 102) i88uod on 18 July 2014 and the Flnancial Reportlng Standard appllcable in the United Kingdom and
Republic of Ireland (FRS 102) 8nd the Charftles Act 2011.
Independent examln¢f8 Statement
I have completed my examlnation. I confirm that no material m8tters have come to my attentlon in connecdon
wlth th8 examlnatlon whlch gives me cause to b8li8Ve that in, any material respect:
thg accountlng records were not kept in accordance wlth section 130 of the Charitles Act., or
th8 accounts did not accord with ttts accounting record8; or
• Ihe accounts dld not comply with the applicable requlrements concemlng th8 form and content of
8coount8 Set out In the Charftles (Accounts and Reports) Regulatlons 2008 other than any requirement
that the accounts give a 'true and falrf view which Is not a matter consldered as part of an independent
examlnation.
I have no concern8 and have come across no other matters In connection with the examinats'on to which
attention should be drawn in this report in order to enable a proper under8t8nding of the accounts to be
reached.
Math Jackson
(Senior Statutory Auditor)
for and on behalf of
Jacksons Chartered Accountants
First Floor. Albion House
Albion Street
Hull
HU1 3TE
11 June2025

Hull Unlt of the Sea Cadet Corps
statement of Flnancial Actlvltles
for the year ended 31 March 2025
Notes
2025
2024
Income from charltable actMtle$
21,954
32,279
Expenditure on charitablè actlvltl88
(1,381)
(3,507)
Net operatlng Income
20,573
28,772
Administratlve expens88
Other operating income
135,103)
12,40e
134.872)
12,059
Opèrntlng (deficlt)Isurplus
(2,124)
5,959
Interesl r8ceiv8ble
488
Movement In fund•: Net lexpendltur¢ylncom•
1,636
Reconclllatlon of lund8
N8t movement in fund8
Totsi funds brought forward
{1,83e)
537,386
5,959
531,427
Total fund8 carrlod forward
537 386

Hull Unlt of the Sea Cadet Corps
Statsment of Financlal Posltlon
as at 31 March 2025
Notes
2026
2024
Flxed assets
Tangible assgts
430,511
436,228
CuTrent assets
Debtors
Cash at bank
304
105,655
105,959
358
101,522
101,878
Cr6dltor8: amounts falllng duè
thln one year
(720)
{720)
Net current a88ets
105,239
101.158
Net assets
Funds of the charlty
Unrestrlcted funds
R8Strlcted funds
518.292
17,458
521,787
15,619
Total charfty funds
535 750
537 386
Ms. Susan Coupland (Hon. Ch8lrman)
Trustse
Approved by th8 board on 11 June 2025

Hull Unlt of thè Sea Cadèt Corps
Statement of Changes In Charltsble Funds
for the year ended 31 March 2025
This SGhedule does not form part of the statutory 8ccounts
Income and
Expenditure
account
Totsl
At 1 Aprll 2023
531.427
531,427
sU￿1￿s for the flnancl81 year
5,959
5,959
At 31 March 2024
537,386
537,386
At 1 Aprll 2024
537,386
537,386
Daflclt for the financial yèar
(1,638)
(1,638)
At 31 March 2026
535,750
535,750
10

Hull Unlt of tho Sea Cadet Corps
Statement of Cash Flows
for the year endod 31 March 2026
Notss
2026
2024
Operatlng aGtlvltle8
(Lossyprofit for the financial year
(1,636)
5,959
Adjuslmants for..
Interest recelvable
Depreclalion
Decreasel(increase) In debtor?
{488)
5.717
52
3,645
3,995
9,918
Interest received
488
Cash generated by operating activities
4.133
9,918
Investlng aetMtle8
Payments to acgulre tangible flxed assets
(eoo)
Cash used in investing activities
600
Not cash generatod
Cash generated by operating actlvltles
Cash used In In￿sting actlvltles
4,133
9,918
(600)
Net cash generated
4.133
9,318
Cash 8nd cash equivalents at 1 Aprfl
Cash and cash equivalents at 31 March
101,522
92,204
101,522
Ca8h and ca8h 8quivalents comprlse:
Cash at bank
11

Hull Unlt of tho Sea Cadet Corps
Notes to the Flnanclal Ststemonts
for the year onded 31 March 2025
I Summary of slgnlflcant aGGountlng pollcles
Basls of preparntlon
The financial statements have been prepared under the historfcal cost convention and in
accordance with the Statement of Rec<)mmended Practice (SORP): Accountlng and RePo￿ng
by Charities preparing their accounts In accordance with the Financial Reporting Standard
applicabl8 in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the
Financial Reporting Standard applicable in th8 United Kingdom and Republic of Ireland (FRS
102) and the Charities Act 2011.
The charlty conslltut68 a public benefit entity as definéd by FRS 102.
Income
All Sncome is recogni88d in the Statement of Financial A¢tiviti88 once the Chan'ty has 8ntitlemenl
to the funds, it is probable that the income ￿11 b8 r8c8lved, and the amount can be measured
reliably.
Donated good8 and 3ervlce8 are recorded at thelr expected COSL
Tanglble fixed assets
Tangible fixed assets are measured at cost less accumulative dgpreclatlon and any
accumulatlve Impalrment Ioss8s. Depreclatlon is provided on all tangible f￿ed assets, other than
freehold land, at rates calculated to write off the cost, less 88tlrnaied re8idual value, of each
888et evenly over it8 expected useful lifè, as ft)Ilows'.
Land and bulldlngs
Plant and machinery
Motor vehicles
at a rate of
at a rate of
at a rate of
10%
10%
ovar 10 years
of the net book value
Dapreciation Is not provlded on freehold buildings because the residual value of tho buildlngs at
the end of thelr useful Ilfe 18 expected to be higher than its cost or valuatlon.
Short term debtor8 are measured at transactlon prf¢e (whiehlg usually the invoice prlce), lass
any Impalmient losses for bad and doubfful debts. Loans and Ottr￿r financial a888ts are Inltlally
recognised at transaction price including any transaction costs and subsequently measur8d at
amortised cost d8termined using thè effective Interest method, less any impaimeni108ses for
bacl and doubtful debts.
Credltors
Short te￿ credltors are measured at transaction pric8 (whlch is usu8lly the Invoice price).
Loans and other financlal Ilabllllles are initially recognls8d at transaction price net of any
transaction costs and subsequently measured at amortised cost determined using the effective
interest method.
Taxatlon
The charity is exempt from taxation under sections 521 to 536 of the Income Tax Act 2007 IITA
2007).
Fund accounting.. restrfcted and unrnstricted funds
Unr6slrict&d funds can be used In accordance with th8 charitable obj8Ctives 8t the di8cretlon of
Ihe trustees.
12

Hull Unlt of tho Soa Cadet Corps
Notes to the Flnanclal Statements
lor the year ended 31 March 2026
Restricted funds can only be used for particular r8Strlcted purposes wlthln the objects of the
Charity. Restrictions ari88 whan specified by th8 donor or when funds ar@ raised for partlcul£r
r8slricted purposes.
Further explanation of th8 nature and purpo88 of each fund IB included in the notes to the
flnancial statemènts.
Golng concern
The accounts have been prepared on the golng concern basls, which 8ssum88 that th8 Charfty
wlll be In operational existence twelve months from the date of approval of these accounts. The
trustee8 are satlslled that thls ba8i818 appropriat8.
There are no materlal urKert8lnties.
Provisions li.e. liabilltles of uncertaln tlmlng or amount) are r8cognl8ed when there is an
obllgatlon at the raportlng date 88 a result of a p88I event, It Is prob8ble thal economic b8neflt
will be transferred to Settle the obligation and the amount of the obligats'on can bo estlmated
Penslons
Contributions to defined contribution plans ar8 expensed in the p￿70d to whlch they relate.
Government grants
The accru81 mod81 (FRS 102 24.5CQ) was applied In producing the88 accounts: therefore
grants wore recognised as either relating to revènue (over the perlod In whlch the Charlty
reccgnises the related costs for whlch the grant wa8 intsnded to compensate) or rèlating to
assets (over th8 expeGt8d useful lrfè of the asset).
2 Analy813 of Income from charltable actlvltle8
2026
2024
Glfts, donatlons and pledges
Cadet subscriptions
Other contrlbutlon8
9,734
8,501
3,719
21,954
19,415
9,705
3,1Sg
By goographical market,.
UK
21.954
32,279
3 Operatlng (dellcltysurplus
2026
2024
This is stated after charging:
Depreciation of owned fixed assets
3.995
13

Hull Unit of the Sea Cadet Corps
Notes to the Flnanclal Statoment8
for the year ended 31 March 2025
4 Role played by genoral volunteers
Volunt8ers play a vital role in the running of the Charity 8nd thair contrlbution help8 the Charity
achieve its objectives.
S Tanglble flxed assets
Land and
bulldlngs
Atcost
Plant and
maehlnory
At cost
Motor
vehlcle8
At Gost
Total
Co8t or valuallon
At 1 Aprll 2024
At 31 March 2025
400,000
400,000
35,170
35,170
22,000
22,000
457,170
457,170
Depreclatlon
At 1 April 2024
Charge for the year
At 31 March 2025
11,933
3.517
15,450
9,009
2,200
11,209
20.942
5,717
26.859
Canylng amount
At 31 March 2025
400,000
430511
At 31 March 2024
12,991
436 228
6 0•btorn
2025
2024
Othèr debtors
304
358
7 Credltoro: amount8 falllng due wlthln one year
2026
2024
Trado craditor8
720
720
8 Fund8
2026
2024
At 1 April
Net {expenditure)Iincome for the flnancial y88r
537,386
{1,636)
531,427
5,959
At 31 March
535,750
14

Hull Unlt of the Sea Cadet Co
Notes to the Flnanclal Statements
for the yèar ended 31 March 2025
Reserves
2023
2024
Re8trlcted and unrestrlcted funds
At 1 April
Unrestrictsd funds
Restrictsd funds
521.767
15.619
517,241
14,186
Net Incom& for thé financial year
Unr8striGÉ8d funds
RestricÉ8d funds
(3,475)
1.839
4,526
1,433
At 31 March
Unwlrfcted funds
RestriGted funds
518,292
17,458
521,767
15,619
Total funds carrt8d fornard
535 750
Unreslricled funds are avallable for use at th8 di8cretion of the trustee8, in order to further the
charlty's objectiV88.
The restrlcted funds as dgtailad above have been set asideldesignated for use in refurbishment
of tho building ( the Unit").
9 Analy818 of net amets between fund•
Unrnstrlcted Restrfcted
funds
funds
2025
2024
Fixed assets
Current assets
Currant liabilitles
430,511
88,S01
(720)
430,511
105,959
{720)
436,228
101,878
(720)
17,458
518292
17,458
535,750
537 386
10 Related party transactlons
No Irustees were pald any remuneratlon (comp8nsatlon) or recelved any other benefits from
employment with the Charity or 8 relaied entity nor dld any Irustae claim expenses or had their
8XP8nse8 mat by th8 Charlly.
11 Presentatlon currency
The financ181 statements are presented in Sterling, rounded to the nearest pound 1£).
15

Hull Unlt of the Sea Cadet Corps
Notes to tho Financlal Statements
for tha year ended 31 March 2025
12 Legal forni of entlty and wunty of Incorporatlon
Hull Unlt of the Sea Cadet Corps is an unincorptxated charity and registared with the Charity
Commission for England and Wales.
13 Prlnclpal place of bu8lne8s
The address of the chartty's princlpal plac6 of business and reg18tsred offlce Is:
118 Argyl8 Str88t
Hull
East Yorkshlre
HU3 1EX
16

Hull Unlt of the Sea Cadet Corps
Detailed Ststsment of Flnanclal Actlvltles
also Income and Expenditure Account
for the year anded 31 March 2025
Nots8
2025
2024
Income from charltable actlvltles
Glfts, donations 8nd pledge8
Cadet subscriptions
Other conlributions
9,734
8,501
3,719
19,415
9,705
3,159
32,279
Expendlture on charltablo actlvltles
Cadet nutty (Tuck shop)
Cad8t8.' Camps and courses
Cadets.. Uniforms and equipmenl
Gifts and donatlons
Catering and Ix)swtallty
(18)
(998)
(2,105)
(136)
250)
(3,507)
(997)
1134)
250
(1,381)
Net operatlng Incom•
20,573
28,772
Administrative expenses
Support costs
Govemance costs
Other oparating income
(34,383)
1720)
12,406
{33,612)
(1,280)
12,059
Operatlng Idellclt)1gurplus
(2,124)
5,959
Interest rec8ivabl8
488
Movement In lundg. (Daficlt)Isurplus
5,959
17

Hull Unlt of the Sea Cadet Corp8
Detalled Income and Expendlturn Account
for tho year •nded 31 March 2026
2026
2024
Income from charltable actlvttles
Gifts, donations and pledges
Cadet subscriptions
Other contributlons
9,734
8,501
3,719
21,954
19.415
9,705
3,159
32,279
Expendlture on charltable actMtle8
Cadet nutty (Tuck shop)
Cadets: Camps and courses
Cadets: Uniforms and equlpment
Gifts and don8tion8
Catering and hospltality
18
998
2,105
997
134
250
250
Admlnlstratlve expenses
Volunteer costs..
Staff tralning and welfare
Travel and subslstenco
Motor expenses
18
1,352
1,914
3,284
1,088
6,062
7,148
Premlses costs..
Storage rental
Rates
Light and heat
350
954
5,788
1,059
4,912
5,971
General admin18trallve 8XP8n8es;
Tel&phone and intemet
Postage
Statlonery and prlnting
Subscrlptions
Inswance
Equlpment expensed
Repairs and maintenance
Depreclatlon
Sundry expenses
1,134
912
30
163
100
3,712
795
13,248
3,995
283
23,238
85
3,961
2,333
7,028
5,717
1,026
21,264
Support costs
34,383
33.612
ve
cè
Lggal and professlonal Gosts".
Independent examinatlon fees
Other legal and professional fees
720
720
540
Governance costs
720
1,260
Administrative 8XP8nses
35,103
34,872
18

Hull Unlt of the Soa Cadet Corps
Detalled Income and Expendlture Account
for the year ended 31 March 2025
2025
2024
Other op•ratlng Income
Grants received
Other income: 8adgeslUnifomis
Other incom8: VoyageslMSSC training
Other operatlng in¢t)me
9.500
875
1,839
192
8,500
1.055
1,883
821
19

Registered number
505324
Hull Unit of the Sea Cadet Corps
Report and Financial Statements
31 March 2025

Hull Unit of tho Sea Cadet Corps
Report and accounts
Contsnts
Page
Chaiity Information
Truste88' Report
Independent Examiners Report
Stat8m8nt of Financial Activities
Statam8nt of Flnancial Position
ststement of Changes In Charltable Fund6
St8tarn8nt of Cash Flows
10
11
Notss to the Flnanclal Statements
12
Detailed Statement of Financial Activities
17
Detail￿ Income and Exp8nditure Account
18

Hull Unlt of the Sea Cadet Corps
Charity Inforniation
Trustees
Ms. Susan Coup18nd (Hon. Chalrman)
Hon. Alderman Bryan Bradley, DL (Vice Chaiman)
Ms. Trac8y Tomlinson (Hon. Treasurer)
C8Ptaln Derek Chadbum, Msc
Captain Chrfs Towne
Independent examlners
Jad(sons Chartered Accountants
Flrst Floor. Alblon HcMJ8e
Albion Street
Hull
HU1 3TE
Bankern
Barclays Bank UK plc
1 Churchill Place
London
E14 SHP
Regl8teYed offl¢e
118 Argyle Street
Hull
East Yorkshlre
HU3 1EX
Reglstered number
505324
Governlng document
Constitutlonlmemorandum of Under8tsnding between the MSSC and the Ministry of Defence

Hull Unlt of the Sea Cadet Corps
Reglstered charity number: 505324
Trustees, Report
for tho year ended 31 March 2025
The trustees present their report and financial stat8ments for the Charity for the year ended 31
March 2025.
Tha financial statements hava been prap8red und&r the historical cost conventlon and in
accordance with the Statement of Recommended Practice (SORP).. Accounting and Reporting by
Charltles preparing their accounts in accordance with the Financlal Reporting Stsndard applicable
in Ihe UK and Republic of Ireland (FRS 102) issued on 18 July 2014 and the Financlal Reporting
Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Charitles
Act2011.
Prlnclpal actlvltle8
Tha Charftys prlncipal actlvlty during the year corrtlnu8d to bg offaring a range of water and land-
based activiti68 in line with the tradition and custom8 of the Royal Navy. The nautical focus
shapes th8 behaviour and disclpllne of our young people and Is dlstinct from other youth groups
off6r8d by schools. Our ethos is to encourage high 8t8ndards of behaviour, which can help young
people engag& in education and positively shape thelr future.
Objectlves and aCti￿tleS
The prfnclpal obJectlve31activltles of the Charity are for young peoplè to galn:
Ilfe skllls.. self-confldence, leadership, teamwork. communication, citizenship, Innovation;
valugs., respact, loyalty, self-discipline, commitment, honesly & Integrity.,
quallflcatlons.. BTEC, Duke of Edinburgh, Natlonal Goveming Body.
an incr88se of job prospect8;
nautical ski113.' boating, sailing, off-shora voyages In tr£lnlng ship,. and
n8w frlendshlps as well a3 becoming a valuable m8mb8r of soclety.
We have referred to the Charity Commlsslon's general guidance on publlc bangfit when reviewing
our aims and obj8Ctlves and In planning our future actlvltles. In particular, th& trustees consider
how planned activities will contribute to the aims and objectives we have set. Wa exist to seNe
people In our community wlthout discrfmlnation. We strive to promote soclal welfare through the
provision of facllltles aimed at improving tho soclal and physlcal wellbeing of those in our local
communlty.
The Charity provid88 8 safe worklng environment for visitors, members, workers and volunteers
and any s8Mous Incidences are reported In accordance wlth our 8afeguardlng policy. Thgrè were
no sertous incidènts durlng the year ended 31 March 2025.
Tho Charity raises funds from the public in th8 form of voluntary donatlons from b8nefactor8
(supporters) in the form of personal donations or when cadets undertake Stewarding Dutses and
our Masonlc friends glve a donatlon to the Unit. We do have a few Grants which are awarded to
us annually to help with the running of the Unit. We also undertake Bag Packing events at local
stores.

Hull Unlt of the Sea Cadet Corps
Reglstered Gharlty number: 505324
Tru3tees' Report
for the year endod 31 March 2025
Th8 Charity do88 not use the services of a professional fundraiser or commercial p8rticipator in
the process of raising funds. Also, the Charity (or any person acting on its behalo is not subject to
any voluntary schema for r8gulating fundraising, or voluntary standard for fundraising in respect of
activiti8s on behalf of the Charity.
Th8 Charity (or any person 8Ctlng on it8 b&h81fj has not raceived any complaints in regard to its
fundraising activities.
Actlvities duri
the
ar
Tha followlng aGtlvltles were Ca￿le￿ Out durfng Ihe year..
clvic events throughout the Cily and East Riding of Yorkghira.
stèwarding to raise mon8y for the running of the Uni(
helping other charities (i.e, Roy81 British Legion, Lost Trawlemen of Hull Sgrvice,
Independent Merchant Navy Associatlon, Falkland Veteran8>;
waterborne activltie8 and camplng 8t Welton Waters
training courses for Int8mallylext8mally accredlted quallficatlons (for example. BTEC-level
diplomas and Duke of Edlnburgh awards)
off-shore voyages ¢M Sea Cadet Tralnlng Shlp3'
trainlng weekends at the Unlt.,
drfll competitlons,, and
Bag Packing events.
Flnanclal revlow
rinci
ourc
offu
Tha larg8st contribution to the Charlty Is usually from the Slr James Reckltt Chariiabl8 Trust (for
£8,000). The principal source of funding remalns as donatlons, subscriptions and grants.
The Charity incurred a daficit of £1,636 for the financial year. At 31 March 2025, Ihe Charlty held
total funds of £535,750,. £105,655 of which was cash at the bank and in hand. (The rest is the
valua of fixed assets, £430,511, le88 creditors of £720.) This, In all, is consid6red to be an
appropriate level of funds to enablo th8 Charity to pursue ils objectives.
The trustees have a forecast of the lavèl of fr88 r8SoNas, (that is, those funds not tled up in flxed
assats) that the Charlty will requir8 to sustain its day-ti>day obligations. Whllst our actual fr8e
re8erves may prove sufficlent, It Is the trustees, viaw that it is prudènt to malntaln the forecasted
level of rosarves to allow for financlal flfrxlbilily 8nd stsbllity In light of the Charity'8 dependence on
grants and donatlon8.
Inv8siment olic
The trustees have adopted a strong, soclally responsible investrnent policy for the reserves of the
ChaTily. Thls policy, in tandem with the n8ed to fulfil our statutory obligations, has ihe objectlve of
investiThJ in such a way that the prlnclples of socially responsible investment are promoted. A
further factor is the need to have ready access to our reserves (as lon&tenn fundlng cannot be
guaranteed) so, for the current period, we have placed SUr￿u8 funds In the Charity's bank current
account.

Hull Unlt of the Sea Cadet Corps
Reglstered charfty number: 505324
Trustees, Report
for the year ended 31 March 2026
mana
The trusteas actlvely review, on a regular basis. the major risks that the Charlty faces in
maintaining reserves at the levels detailed above; in addition to an annual reviaw of the controls
over key financlal systems carried out through an intern81 audlt proc&ss.
Int8rnal control risks are minimised by authorisation procedures for 811 financial transaciions.
Pollcies and proceduras are in place to ensure compllance with health and safety regulations by.
and for, staff, volunteers and visitors.
Th• trustees have al80 examinad other operational and bu8ine88 rlsks which w8 face and confimi
that they have taken 8teps to mitigate any 8lgnificant risks.
structUM• govemance and management
ve
in
Hull Unlt of the Sea Cadet Corp8 is a charitable organlsation that has been running In Hull since
1914 and was registered as a chartty in 1978. The Marine Society and Sea Cadets merggd and
Ihe Charlty is governed by a ConstitutionlM8morandum of Understsnding betwaen the MSSC and
tha m11￿&ty of Defencè (MOD). Around 400 Units then becama separate charttle8 (funding
them8elve3) wlth the MSSC as thelr goveming body. Th8 Charlty trades a8 'Hull Sea Cadets,.
E8ch unlt has unlfomed st8ff headed up by the Commanding Officer (CO) The Unit
Management Team (UMT) are °clvilians" and are responsible for Ihe malntenance of Ihe Unlt,
payment of bills, providing equipment. We are a small team headed up by the Chairman who has
ultimate responsibility for th8 Unlt. To be effective, the CommandSng Officer and Chalrman have
to malntsin a good working relationship. We have an Executlve OfflGer who is second to the CO
and an Operatlons Offlcer who organisès events In conjunction wllh lh8 CO and UMT. We also
have a Royal Marines Detsthment headed by a Detachment Cammander.
Voluntee
Volunteers (staff and UMT) do not ggt Pald and willingly glve up their fr68 time - without them the
Unit would not be able to operate.
There wer8 11 volunteers, excludlng truste88. throughout Ihe year who aided in the runnlng of Iho
Charity.
toftr
stee
Cadats can see our Wèbsite, sign up onllne and then visit lh8 Unlt. Staff are very often from a
naval background or volunteers who just want to slgn up as Instructors. Trustees for UMT are
harder to find and usually are approached by the team if we consider them a suitable candidats.
There were no new or additional truste8s r8cruited in the year to 31 March 2025.

Hull Unlt of the Sea Cadot Corps
Reglstsred charlty number: 606324
Trust?es' Report
for the year ended 31 March 2025
Truste
inin
Most Induction and Tr81ning is now done online and monltored by Tr4Q. All the ne￿$sary
Safeguarding traininglDBS has to be completed before staff are allowed near the Cadets.
New trustees are encouraged to famlliarise themsalves wilh charity law. thelr r88pon8ibilities as
trustees and with th8 Charity's rules and practices. These cover..
th8 obllgatlons of Trustee Board.,
the operational framework for the Charity;
the curr8nt financial p08itson and revenu8 generatlon., and
fLrture plan8 and obJectlve8.
Trustegs
followlng pers¢M8 served as trustees during the year..
Ms. Susan Coupland (Hon. Chairman)
Hon. Aldeman Bryan Bradley, DL (Vic8 Chalrman)
Ms. Tracey Tomlinson (Hon. Treasurer)
Captain D6rek Chadbum, Msc
Captaln Chrls Towne
Tru8tee8' re8pon81blllt1è8
The Trustae8 are rèsponsible lor k8eping accounting record8 which disclose wlth reasonabl8
accuracy the flnanclal posltlon of the Charity and enable them to ascertain lo ensure that the
accounts comply with th8 Charltles Act 2011 and the provisions of the trust deed. Th8y are also
responslble for safeguarding the assets of the Charity and hence lor taking reasonable 8teps for
the pr8v8ntion and d6t8Ctlon of fraud and other Irrogularltles.
Tha Trustèos are responslblé for the maintenance and Intsgrlty of th8 Charity and financial
informatlon Included on the Chartty's website as well a8..
8) to prepare financi81 statements which show 8 true and fair view.
b) in preparing financ181 st8t8ments',
(l) to select suitable accounting pollcles 8nd apply them on a con8lstent b8816,' and
(li) to m8ke judg8m8nts and 6stimates that are prudent and reasonable. a6 W811 as
c) to keep proper accounting records.

Hull Unit of the Sea Cadet Corps
Reglstered charity number: 505324
Trustees, Report
for the year ended 31 March 2025
Dlsclosure of Informatlon to Independent examlner6
Each person who was a trustee at the tlme thls report was approved confinns that..
so far as he is aware, there Is no relevant audit infom8tion of which th6 Charity's independent
examlner Is unaware; and
• he has taken all the steps thai he ought to have taken as a trustee in order to mak8 himself
aware of any relevant audlt infomation and to establish that the Charity's indapendent
examlner 16 aware of that information.
Thls r8port was approved by the board on 11 June 2025 and slgned on its behalf.
Ms. Susan Coupland (Hon. Chalman)
Trustee

Hull Unlt of the Sea Cadet Corps
Indepondent Examlnerfs Report
to thè members of Hull Unit of the Sea Cadet Corps
l Feport to the tTUStees on my exarnination of the accounts of the 8bova charlty ('the Charitl) ft)r Ihe year
ended 31 Marth 2C25 whlch ar8 set out in pages 1 to 19.
Re8pon8lbllltles and ba8ls of report
As the Charlty's trusteeg, you are re8ponsibl& for the prep8ratlon of th8 accounts In accordanca with the
requirements of the Charitie8 Act 20111'th8 Act,).
I report in respect of my examlnation of the Charlly's accounts carrled oul under 88Ctlon 145 of tha 2011 Act
and in carrying oul my examination, I hava followed all the applicab￿ Dir8ctlon8 givon by the Charlty
Commission under section 145(5)(b) of the Act.
The Inancial 8tatements have been prepared under the historlcal cost conventlon and in aGcordance with the
Statement of Recommended Practlce (SORP).. Accounting and Reporting by Charities preparing their
aexounts In accordance with the Financlal Reporting Standard appllcablè in the UK and Republlc of Ireland
(FRS 102) i88uod on 18 July 2014 and the Flnancial Reportlng Standard appllcable in the United Kingdom and
Republic of Ireland (FRS 102) 8nd the Charftles Act 2011.
Independent examln¢f8 Statement
I have completed my examlnation. I confirm that no material m8tters have come to my attentlon in connecdon
wlth th8 examlnatlon whlch gives me cause to b8li8Ve that in, any material respect:
thg accountlng records were not kept in accordance wlth section 130 of the Charitles Act., or
th8 accounts did not accord with ttts accounting record8; or
• Ihe accounts dld not comply with the applicable requlrements concemlng th8 form and content of
8coount8 Set out In the Charftles (Accounts and Reports) Regulatlons 2008 other than any requirement
that the accounts give a 'true and falrf view which Is not a matter consldered as part of an independent
examlnation.
I have no concern8 and have come across no other matters In connection with the examinats'on to which
attention should be drawn in this report in order to enable a proper under8t8nding of the accounts to be
reached.
Math Jackson
(Senior Statutory Auditor)
for and on behalf of
Jacksons Chartered Accountants
First Floor. Albion House
Albion Street
Hull
HU1 3TE
11 June2025

Hull Unlt of the Sea Cadet Corps
statement of Flnancial Actlvltles
for the year ended 31 March 2025
Notes
2025
2024
Income from charltable actMtle$
21,954
32,279
Expenditure on charitablè actlvltl88
(1,381)
(3,507)
Net operatlng Income
20,573
28,772
Administratlve expens88
Other operating income
135,103)
12,40e
134.872)
12,059
Opèrntlng (deficlt)Isurplus
(2,124)
5,959
Interesl r8ceiv8ble
488
Movement In fund•: Net lexpendltur¢ylncom•
1,636
Reconclllatlon of lund8
N8t movement in fund8
Totsi funds brought forward
{1,83e)
537,386
5,959
531,427
Total fund8 carrlod forward
537 386

Hull Unlt of the Sea Cadet Corps
Statsment of Financlal Posltlon
as at 31 March 2025
Notes
2026
2024
Flxed assets
Tangible assgts
430,511
436,228
CuTrent assets
Debtors
Cash at bank
304
105,655
105,959
358
101,522
101,878
Cr6dltor8: amounts falllng duè
thln one year
(720)
{720)
Net current a88ets
105,239
101.158
Net assets
Funds of the charlty
Unrestrlcted funds
R8Strlcted funds
518.292
17,458
521,787
15,619
Total charfty funds
535 750
537 386
Ms. Susan Coupland (Hon. Ch8lrman)
Trustse
Approved by th8 board on 11 June 2025

Hull Unlt of thè Sea Cadèt Corps
Statement of Changes In Charltsble Funds
for the year ended 31 March 2025
This SGhedule does not form part of the statutory 8ccounts
Income and
Expenditure
account
Totsl
At 1 Aprll 2023
531.427
531,427
sU￿1￿s for the flnancl81 year
5,959
5,959
At 31 March 2024
537,386
537,386
At 1 Aprll 2024
537,386
537,386
Daflclt for the financial yèar
(1,638)
(1,638)
At 31 March 2026
535,750
535,750
10

Hull Unlt of tho Sea Cadet Corps
Statement of Cash Flows
for the year endod 31 March 2026
Notss
2026
2024
Operatlng aGtlvltle8
(Lossyprofit for the financial year
(1,636)
5,959
Adjuslmants for..
Interest recelvable
Depreclalion
Decreasel(increase) In debtor?
{488)
5.717
52
3,645
3,995
9,918
Interest received
488
Cash generated by operating activities
4.133
9,918
Investlng aetMtle8
Payments to acgulre tangible flxed assets
(eoo)
Cash used in investing activities
600
Not cash generatod
Cash generated by operating actlvltles
Cash used In In￿sting actlvltles
4,133
9,918
(600)
Net cash generated
4.133
9,318
Cash 8nd cash equivalents at 1 Aprfl
Cash and cash equivalents at 31 March
101,522
92,204
101,522
Ca8h and ca8h 8quivalents comprlse:
Cash at bank
11

Hull Unlt of tho Sea Cadet Corps
Notes to the Flnanclal Ststemonts
for the year onded 31 March 2025
I Summary of slgnlflcant aGGountlng pollcles
Basls of preparntlon
The financial statements have been prepared under the historfcal cost convention and in
accordance with the Statement of Rec<)mmended Practice (SORP): Accountlng and RePo￿ng
by Charities preparing their accounts In accordance with the Financial Reporting Standard
applicabl8 in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the
Financial Reporting Standard applicable in th8 United Kingdom and Republic of Ireland (FRS
102) and the Charities Act 2011.
The charlty conslltut68 a public benefit entity as definéd by FRS 102.
Income
All Sncome is recogni88d in the Statement of Financial A¢tiviti88 once the Chan'ty has 8ntitlemenl
to the funds, it is probable that the income ￿11 b8 r8c8lved, and the amount can be measured
reliably.
Donated good8 and 3ervlce8 are recorded at thelr expected COSL
Tanglble fixed assets
Tangible fixed assets are measured at cost less accumulative dgpreclatlon and any
accumulatlve Impalrment Ioss8s. Depreclatlon is provided on all tangible f￿ed assets, other than
freehold land, at rates calculated to write off the cost, less 88tlrnaied re8idual value, of each
888et evenly over it8 expected useful lifè, as ft)Ilows'.
Land and bulldlngs
Plant and machinery
Motor vehicles
at a rate of
at a rate of
at a rate of
10%
10%
ovar 10 years
of the net book value
Dapreciation Is not provlded on freehold buildings because the residual value of tho buildlngs at
the end of thelr useful Ilfe 18 expected to be higher than its cost or valuatlon.
Short term debtor8 are measured at transactlon prf¢e (whiehlg usually the invoice prlce), lass
any Impalmient losses for bad and doubfful debts. Loans and Ottr￿r financial a888ts are Inltlally
recognised at transaction price including any transaction costs and subsequently measur8d at
amortised cost d8termined using thè effective Interest method, less any impaimeni108ses for
bacl and doubtful debts.
Credltors
Short te￿ credltors are measured at transaction pric8 (whlch is usu8lly the Invoice price).
Loans and other financlal Ilabllllles are initially recognls8d at transaction price net of any
transaction costs and subsequently measured at amortised cost determined using the effective
interest method.
Taxatlon
The charity is exempt from taxation under sections 521 to 536 of the Income Tax Act 2007 IITA
2007).
Fund accounting.. restrfcted and unrnstricted funds
Unr6slrict&d funds can be used In accordance with th8 charitable obj8Ctives 8t the di8cretlon of
Ihe trustees.
12

Hull Unlt of tho Soa Cadet Corps
Notes to the Flnanclal Statements
lor the year ended 31 March 2026
Restricted funds can only be used for particular r8Strlcted purposes wlthln the objects of the
Charity. Restrictions ari88 whan specified by th8 donor or when funds ar@ raised for partlcul£r
r8slricted purposes.
Further explanation of th8 nature and purpo88 of each fund IB included in the notes to the
flnancial statemènts.
Golng concern
The accounts have been prepared on the golng concern basls, which 8ssum88 that th8 Charfty
wlll be In operational existence twelve months from the date of approval of these accounts. The
trustee8 are satlslled that thls ba8i818 appropriat8.
There are no materlal urKert8lnties.
Provisions li.e. liabilltles of uncertaln tlmlng or amount) are r8cognl8ed when there is an
obllgatlon at the raportlng date 88 a result of a p88I event, It Is prob8ble thal economic b8neflt
will be transferred to Settle the obligation and the amount of the obligats'on can bo estlmated
Penslons
Contributions to defined contribution plans ar8 expensed in the p￿70d to whlch they relate.
Government grants
The accru81 mod81 (FRS 102 24.5CQ) was applied In producing the88 accounts: therefore
grants wore recognised as either relating to revènue (over the perlod In whlch the Charlty
reccgnises the related costs for whlch the grant wa8 intsnded to compensate) or rèlating to
assets (over th8 expeGt8d useful lrfè of the asset).
2 Analy813 of Income from charltable actlvltle8
2026
2024
Glfts, donatlons and pledges
Cadet subscriptions
Other contrlbutlon8
9,734
8,501
3,719
21,954
19,415
9,705
3,1Sg
By goographical market,.
UK
21.954
32,279
3 Operatlng (dellcltysurplus
2026
2024
This is stated after charging:
Depreciation of owned fixed assets
3.995
13

Hull Unit of the Sea Cadet Corps
Notes to the Flnanclal Statoment8
for the year ended 31 March 2025
4 Role played by genoral volunteers
Volunt8ers play a vital role in the running of the Charity 8nd thair contrlbution help8 the Charity
achieve its objectives.
S Tanglble flxed assets
Land and
bulldlngs
Atcost
Plant and
maehlnory
At cost
Motor
vehlcle8
At Gost
Total
Co8t or valuallon
At 1 Aprll 2024
At 31 March 2025
400,000
400,000
35,170
35,170
22,000
22,000
457,170
457,170
Depreclatlon
At 1 April 2024
Charge for the year
At 31 March 2025
11,933
3.517
15,450
9,009
2,200
11,209
20.942
5,717
26.859
Canylng amount
At 31 March 2025
400,000
430511
At 31 March 2024
12,991
436 228
6 0•btorn
2025
2024
Othèr debtors
304
358
7 Credltoro: amount8 falllng due wlthln one year
2026
2024
Trado craditor8
720
720
8 Fund8
2026
2024
At 1 April
Net {expenditure)Iincome for the flnancial y88r
537,386
{1,636)
531,427
5,959
At 31 March
535,750
14

Hull Unlt of the Sea Cadet Co
Notes to the Flnanclal Statements
for the yèar ended 31 March 2025
Reserves
2023
2024
Re8trlcted and unrestrlcted funds
At 1 April
Unrestrictsd funds
Restrictsd funds
521.767
15.619
517,241
14,186
Net Incom& for thé financial year
Unr8striGÉ8d funds
RestricÉ8d funds
(3,475)
1.839
4,526
1,433
At 31 March
Unwlrfcted funds
RestriGted funds
518,292
17,458
521,767
15,619
Total funds carrt8d fornard
535 750
Unreslricled funds are avallable for use at th8 di8cretion of the trustee8, in order to further the
charlty's objectiV88.
The restrlcted funds as dgtailad above have been set asideldesignated for use in refurbishment
of tho building ( the Unit").
9 Analy818 of net amets between fund•
Unrnstrlcted Restrfcted
funds
funds
2025
2024
Fixed assets
Current assets
Currant liabilitles
430,511
88,S01
(720)
430,511
105,959
{720)
436,228
101,878
(720)
17,458
518292
17,458
535,750
537 386
10 Related party transactlons
No Irustees were pald any remuneratlon (comp8nsatlon) or recelved any other benefits from
employment with the Charity or 8 relaied entity nor dld any Irustae claim expenses or had their
8XP8nse8 mat by th8 Charlly.
11 Presentatlon currency
The financ181 statements are presented in Sterling, rounded to the nearest pound 1£).
15

Hull Unlt of the Sea Cadet Corps
Notes to tho Financlal Statements
for tha year ended 31 March 2025
12 Legal forni of entlty and wunty of Incorporatlon
Hull Unlt of the Sea Cadet Corps is an unincorptxated charity and registared with the Charity
Commission for England and Wales.
13 Prlnclpal place of bu8lne8s
The address of the chartty's princlpal plac6 of business and reg18tsred offlce Is:
118 Argyl8 Str88t
Hull
East Yorkshlre
HU3 1EX
16

Hull Unlt of the Sea Cadet Corps
Detailed Ststsment of Flnanclal Actlvltles
also Income and Expenditure Account
for the year anded 31 March 2025
Nots8
2025
2024
Income from charltable actlvltles
Glfts, donations 8nd pledge8
Cadet subscriptions
Other conlributions
9,734
8,501
3,719
19,415
9,705
3,159
32,279
Expendlture on charltablo actlvltles
Cadet nutty (Tuck shop)
Cad8t8.' Camps and courses
Cadets.. Uniforms and equipmenl
Gifts and donatlons
Catering and Ix)swtallty
(18)
(998)
(2,105)
(136)
250)
(3,507)
(997)
1134)
250
(1,381)
Net operatlng Incom•
20,573
28,772
Administrative expenses
Support costs
Govemance costs
Other oparating income
(34,383)
1720)
12,406
{33,612)
(1,280)
12,059
Operatlng Idellclt)1gurplus
(2,124)
5,959
Interest rec8ivabl8
488
Movement In lundg. (Daficlt)Isurplus
5,959
17

Hull Unlt of the Sea Cadet Corp8
Detalled Income and Expendlturn Account
for tho year •nded 31 March 2026
2026
2024
Income from charltable actlvttles
Gifts, donations and pledges
Cadet subscriptions
Other contributlons
9,734
8,501
3,719
21,954
19.415
9,705
3,159
32,279
Expendlture on charltable actMtle8
Cadet nutty (Tuck shop)
Cadets: Camps and courses
Cadets: Uniforms and equlpment
Gifts and don8tion8
Catering and hospltality
18
998
2,105
997
134
250
250
Admlnlstratlve expenses
Volunteer costs..
Staff tralning and welfare
Travel and subslstenco
Motor expenses
18
1,352
1,914
3,284
1,088
6,062
7,148
Premlses costs..
Storage rental
Rates
Light and heat
350
954
5,788
1,059
4,912
5,971
General admin18trallve 8XP8n8es;
Tel&phone and intemet
Postage
Statlonery and prlnting
Subscrlptions
Inswance
Equlpment expensed
Repairs and maintenance
Depreclatlon
Sundry expenses
1,134
912
30
163
100
3,712
795
13,248
3,995
283
23,238
85
3,961
2,333
7,028
5,717
1,026
21,264
Support costs
34,383
33.612
ve
cè
Lggal and professlonal Gosts".
Independent examinatlon fees
Other legal and professional fees
720
720
540
Governance costs
720
1,260
Administrative 8XP8nses
35,103
34,872
18

Hull Unlt of the Soa Cadet Corps
Detalled Income and Expendlture Account
for the year ended 31 March 2025
2025
2024
Other op•ratlng Income
Grants received
Other income: 8adgeslUnifomis
Other incom8: VoyageslMSSC training
Other operatlng in¢t)me
9.500
875
1,839
192
8,500
1.055
1,883
821
19