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2024-03-31-accounts

CHAIRMAN’s REPORT

to ACCRINGTON SEA CADETS ANNUAL GENERAL MEETING 14[th] October 2024 FOR THE YEAR 31[st ] March 2023 to 1[st] April 2024

FOREWORD: Despite the Covid pandemic being put to one side now the unit hasn’t fully recovered in terms of recruitment, however despite this we continue to work hard at recruiting both cadets, staff, and trustees.

COMMAND: Our Commanding Officer Petty Officer James Smith-Porter continues to run the unit in a more than satisfactory matter despite staffing issues and his own shift working pattern. Appointed roles under that command are under constant review due to people’s changing work patterns making training scheduling extremely difficult for him. However with the backing of the team of staff we are able to continue with a good Sea Cadet experience for all of our cadets.

PREMISES: Our unit Headquarters building, which has been an enormous undertaking, is now around 100% complete and feeling much more like home to everyone. The are now further development plans in place for making secure storage space at the rear and energy saving measures to be looked at over the next 12 months requiring planning permissions and financial investment. Much of the future plans require a considerable amount of expenditure and support grants will need to be sought.

UMT MEMBERSHIP As per last year this has continued to be difficult as people, though well intentioned, have joined us and left us again in very quick succession due to having very busy lives in other groups which they were connected to, something which we are going to have to work even harder at in the future

My other major concern as in previous years is that rules from HQ are constantly growing making everyone’s ‘jobs’ much more difficult, with more to comply with in the same number of voluntary hours – there is a limit for what we can be expected to do at all positions and at all levels, but sadly I can only see this continuing to increase year-on-year, much of it I would consider to be a paperwork or Westminster exercises with no other outcome for the unit except that of increased workload to senior volunteers.

To conclude , My sincerest thanks to all staff and UMT members who have been able to support the unit throughout the year, not as difficult as last but the results are now beginning to show a return with the green shoots of recovery albeit very small ones with regards to numbers. The year 23-24 awarded us once again to a Burgee standard unit. We have also applied to The King’s Award for Voluntary Service for the unit as a whole organisation and we eagerly await the outcome expected in October 2024 – well done to everyone concerned and long may our success continue.

Personal: After 25 years in uniform with 12 of those years as Commanding Officer, plus a further 25 years as unit Trustee, Chairman, and Treasurer I have reached the point where having recognised the need to stand aside for someone else to take-up the positions above I am standing down on 21[st] January 2025 and hope to appoint successors in the months ahead. After so many years heading-up our unit’s continuation and development It hasn’t been an easy decision to reach, but it is right that I do so and remain as a trustee to provide a level of continuity for the next generation behind me.

Lt (SCC) Stephen Hutchinson BEM RNR Ret’d, Unit Chairman

ACCRINGTON SEA CADETS – AGM

TREASURERS REPORT & NOTES TO ACCOUNTS 2023-2024

  1. As expected, we have once again had an expensive year as we complete our refurbishment of our new HQ at Oswaldtwistle. Despite this high expenditure we continue to enjoy a good level of finance by maximising our income and keeping a good control over our spending and I am pleased therefore to report that we closed at 31[st] March 2024 with £54,636.32. This is an increase of £16,491.90 on the previous year of which £30,000 is in a 12 month investment account.

  2. Total income from Grants, fund-raising activities, premises hire, Gift-Aid, and cadet donations have resulted in a total of £69,939, much of which we expect to spend in the year ahead.

  3. We started to rent our premises to Oswaldtwistle School in September 2022 for an annual income of £15,000, however in late March 2024 we received notice from them to discontinue due to further classroom space being available to them in their existing premises. This was expected at some point soon but we have appreciated and benefitted from their stay with us despite some difficult times with pupil behaviour. We also now have several other smaller groups hiring the premises and this also contributes to our overall income. We do need however to continue to replace this income with other group users.

  4. Our expenditure continues to be relatively high at £53,447 but will settle in the next 12 months but increase gain with our new planned projects.

  5. Forecast for next year: As at 4 above our expenditure for development of the storage area at the rear of upto £10k, PV roof panels upto £10k and roof insulation of upto £1.2k we will continue to require a high amount of fundraising throughout 2024 &25. The only amount which we remain uncertain about if the unit drill-hub which we still have the opportunity to drop out of if it becomes too expensive.

  6. The Independent examiner’s report on our accounts have now been all but signed off by our qualified accountant Macmahon Leggate and await their final certification.

  7. All-in-all another outstanding financial year despite the current financial climate, and my thanks particularly to Barbara Gerken and to all of those involved in fund raising and financial control for which I commend the attached 2023-2024 accounts.

_ ~~______~~ _

Lt.(SCC) S.Hutchinson BEM I.Eng MIET MCMI RNR Ret’d Treasurer

THE SEA CADErs FrAm ANNUAL STATEMEpif OF ACCOUIW FOR THE UNIT SGC ￿ {R8P) RECEIPTS & PAYMENTS ACCOUNT for yèar •nd•d 31 march 2024 _19 Copy to b8 uplotsJ onto Westrnirtstw Voluntsw & 8us1n￿ SuptNt M8rAger at Am Offic8 to be ￿)tIts￿ ty 1 Tr&)vwntJer Unit Name: Fund.namelpurpose irf not held for tr Urs ￿ FxWFK￿):. Chartty No: 521003 ACCRINGTON UNIT THIS YEAR LAST YEAR REVENUE RECEIPTS - ANNUAL FUNDIDIRECT GRA￿r - (restrithd) OTHER GRANTS - (unrestricted) SCAVA (Sea Cadet Victualling AlkMance) CADET CONTRIBUMONS OTHER DONATIONS I LEGACIES FUNDRAISING & SPECIAL EVETrrrs PROCEEDS £25.582.00 £11.600.00 £0.00 £5,570.00 £1,280.00 £6,490.11 £5.100.00 £0.00 £0.00 £6,968.50 £689.98 £7,766.19 OTHER CHARITABLE ACTMTIE . COMpEfiTION RECEIPTS COURSE FEES SUNDRY SALES RECEIPTS BANK DEPOSIT INTEREST PROPERTY REbtrs (includes any occasi(Thl OTHER REVENUE RECEIPTS £0.00 £815.00 £1,498.56 £0.00 £15.960.00 £0.00 £20.00 £739.04 £1.646.38 £0.00 £12.665.00 £0.00 TOTAL REVENUE RECEIPTS £68.795.67 £35,595.09 NON41EVENUE RECEIPTS - PROCEEDS FROM SALES OF OTHER FIXED ASSErs £1,143.94 TOTAL NON41EVENUE RECEIPTS £1.143.94 £0.00 eAttach that Fund's simllar Acc(xJnt of Receipts as page AC1A and so on) TOTAL RECEIPTS z A + £69,939.61 £35.595.09 Reconclllatlon... NET CHANGE FOR YEAR IN CASHIBANK BALANCE:. - REVENUE ITEMS (= A- D from page AQ2) - NON-REVENUE ITEMS (~ B- E fr(xn page A￿2) - COMBINED (=G+H) CASHIBANK BALANCE FROM LAST YEAR4ND CASHIBANK BALANCE AT THIS YEAR4ND £16,256.12 £35.595.09 £278.22 £0.00 £18,534.34 £35,595.09 £38,144.42 f£38,232.911 £4678.76 £38.144.42 v1 AC1

THE SEA CADErs ANNUAL STATEMEKf OF ACCOUPIP FOR THE UNrr RECEIPTS & PAYMENTS AccouKf for yMr •nded 31 March 2024 SCC ha {R8P) -19 Copy to be upk)aded orrto Westrrdnster Vduntaar & Businoss Sw¥MIrt Managw at Area Off￿ to ￿ r¥)tifi&d by 1 NMmber Unit Name: Fun&namglpurposa (W htha for thtr U￿5 ￿ purpo￿):. ACCRINGTON UNrr Charfty No: 521003 This YEAR LAST YEAR REVENUE PAYMENTS- DIRECT CHARITABLE ACTMTY COSTS: FUNDRAISING & SPECIAL EVENTS COSTS COMPETITION COSTS FUEL & TRAVEL COSTS CATERING COSTS TRAINING COURSES COSTS ARTICLES PURCHASED FOR RESALE £7,610.48 £0.00 £26.09 £357.43 £64.40 £1.756.40 £3,201.12 £60.00 £321.74 £324.65 £459.80 £1,000.85 OVERHEAD COSTS FOR: REl4rr I COUNCIL TAX HEAT, LIGHT &WATER TELEPHONE & BROADBAND OFFICE SUPPLIES. POSTAGE & PRIPMNG £0.00 £1,792.31 £726.99 £550.12 £4.830.74 £785.93 £5.464.04 MAIKfENANCE COSTS FOL. BUILDINGS & ESTATE BOATS VEHICLES OTHER MISC EQuIPME￿r INSURANCE COSTS BANK INTEREST & CHARGES £24,197.93 £3,648.14 £0.00 £484.15 £1.290.72 £0.00 £13.834.29 £799.05 £0.00 £685.40 £1,138.02 £0.00 CHARITY GOVERNANCE COSTS: FOR ACCOUbifsiAUDIT OR INDEPENDEKf EXAMINATIC*4 FOR OTHER PROFESSIONAL FEES FOR LEGAL ADVICE (for consti￿On or Irustees) OTHER REVENUE COSTS TOTAL REVENUE PAYMEKrs £660.00 £678.05 £230.00 £455.OS £52,539.55 £1.200.00 £1.003.75 £0.00 £100.00 £27,198.09 NON- ASSETS UE PAY ENTS- £865.72 £397.35 TOTAL NON41EVENUE TOTAL PAYMENTS {zD+E) £865.72 £53AOS.27 £397.35 £27,595A4 eAttaGh t￿ Furrf$ swnlarAc£w# of as rAge on) vl

THE SEACADErs ANNUAL STATEMEKf OF ACCOUMV FOR THE UNrr RECEIPTS & PAYMEPtrs ACCOUNT for >•ar ènd•d 31 March 2024 SCC A3 IR8P) Ay-19 Unlt Namo: 521003 ACCRINGTON UNIT Charlty No: Namo of Fund WT In E&W: STATEMENT OF ￿SEr8 & (Engtsshmldsh UThis: No vabJ8tfvJnslts)st8 r ASSETS: CASHIBANK BALANCE(S) AT YEAR.END (from p48 AC1) BANK DEPOSITS {rf any) not irKauded abovè LOANS RECOIERABLE OTHER DEBTS (lolal reCOv￿able- exdude any'accnth "STOCKS OF ITEMS FOR RESALE (1014 cost) INVESTMENTS Ikyesent vaue of securibes &c) INVESTMENTS (diib- bdowrwJ to 8 Raslrthj FuTrJ. rf THER FIXED ASSETS: - LAND & BUILDINGS - BOATS - VEHICLES - COMPIThERS & OTHER EQUIPMEMr "For all Ose ilems (irKaudirvJ anygtts at eSliM￿ ve given) stale their iotal value here rf Ichvw than as atrx)ve £54,678.76 £38,144.42 LIABILMES LOANS REPAYABLE OTHER CREDITORS payth- exdude any"acAyuals cor4ifiNGEKf LL4BILITIES (￿tiMated tol4 an￿nt) tScottl8h] ACCOUNTS NOTE (rf rx)t wilkyn knual ReF#yi) arate R￿ipts & PayThents kAx)unt induded in this Statem￿t of Aco)unL' the nabJre arrfl purpw of each Fund aC0)un￿ for and the IwJal restrirkn ffl ils Totsl number and amount of any grants paid to (i) Indlviduals and {ii) Insbtutions. anawd by typ8 of a(vity Amount of trusta9 remuneration (inc. to c￿nected petsons) paid and the legal authThity for it Amount of any trustee expenses r￿nbur￿l and hc many trustees Amount and nature of any other tr￿te￿I￿￿aCl￿ (induding with (1)nn￿d pw8orts. ststirKJ lh8 topther with any arrnunt (MirvJ at year-￿d (say ff Partl¢ularn cff sayKrthi (<r¥•ylFrw*) rK(sl 'w¥ayllrrt roaderfs under5tandlrYJ Slgned as authorised by Ihe Unifs Management Committee- Date Unit Treasurer .. Untt Chainnan v1 AC3

19 Untt AcCRI￿￿oN UNrr 521LTr)3 BB11 SIX oth•r KI I LOL4 )& of any 1$ {wwa& in ts frn¢Jal )wl a 13wW. l.•.. 4X n FO5S•$3 Publlc kn•fft

THE SEA CADErs ANNUAL STATEMEpif OF ACCOUNP FOR THE UNIT RECEIPTS & PAYMENTS Accoumf for year •nded 31 IAarch 2024 SCC A3 {R&P) Aw-19 Copy to be upbad8d onto Weslminster arwj Volunteer & 8￿1r￿ Support Manager at Arna Office to be rnI1fi￿ by 1 Nov8mber Unit Name: Ch¥hy No: 521003 ACCRINGTON UNIT Rts•rves Pollcy The charity trust￿, policy aims to rnalntain unrestrirted rewves at a level equating to 12 revenue payments in order to safeguard the Uniys ongoing ac11vili￿ from any unexpected fluctuathxs In income Year-end reserves amounted to 12 morrths. on that basis. ID818te thls sectbn Mnot applic8bleJ The Unil futur8 wqects to be ￿led (xrtin as cuffenty IDelete thls sectlon unless the Untt has a Restrici8d Fu￿1 in A restricted fund held for the Purpose of was in deficit to the extent of and the steps baing tsken to rethfy It w8: During the finandal year the Unit r8¢errfed folkAYlng donated facilltlegservices [not: Engllsh. Welsh or Nl Units]: The Unlt andlor its In￿ held the follow assets lor the charltylles named below. whose charllable purFK)ses are as set ￿t hereundor. Special arrarwJThnts for the safe 1X￿10dY of those assets and their sagregation from the Unit's own assets are as set OLrt below [E￿lish, Welsh & Nl Units: Ddgte thls sectk)n If not applth. Units In Scotland: Thls disck>sure Is not mandatory]:. Date signed as authorised by the UnlV$ managem￿tt Commrttee: j¥Yw OLYo£6R 201+ Unit Treasurer Unit Chaimian &1 ￿S0￿1 I C frc A F7 2-I&QKI' _ . Independent Examiner v1

CHARITY COMMISSION , Independent examinerfs FOR ENGLAND AND WALES report on the accounts Section A Indeper,d-nt Fx2miner e Roport members 01 On accounts for th• year 31. Zow Charlty no (if any) loo3 Sot out on pages dwrtyctsTr￿)￿fj￿aKled 3 1 /03/ L•¥d- 2011 Cthe Acr). under section 145(5)(b) of the A accountirg records were not kept in accordan￿ with section 130 of theAd with the examination to ￿lch attention should be drawn in order to enable a s￿ned. ZgLj li c+¥w24 Izotsidsohj qualfflcatlon(s) or body (If any): I￿Lj 1SurnfvJLcY, P)Gl? l tr. IER October 2018

Section B Disclosure exam1r￿s). dlsclose. IER October 2018