2023 was a challenging year with cost of living increases and higher utility costs. 

We have continued to focus on the unit building this year, having fully repaired the female toilets and made improvements to the ‘main deck’ and other Cadet areas. 

Going forward, we have secured grants from both private and public institutions to replace our aged boiler system. This will secure the future of Sea Cadets in Bolton for years to come. 

We continue to seek increasing involvement with community groups and organisations to provide income. I am pleased to see the reestablishment of Sea Cadet relationships with related organisations such as the Royal Naval Association further deepening the important ties between the town of Bolton and the Sea Cadets. 

Despite significant headwinds, mainly energy and supplier costs, I am confident of our progress in 2024. 

Terry Kakoullis 



Sheet1 

## **Bolton Sea Cadets Year End Accounts for the 12 Months Ended 31[st] March 2023** 

## **Income and Expenditure Account for the 12 Months ending 31 March 2023** 

|**Expenditure**<br>**£**<br>**Income**<br>Auto Fees/Road Tax<br>165.00<br>Bank Interest<br>Auto Fuel<br>194.03<br>Bolton MBC<br>Auto Repairs/MOT<br>266.00<br>Boating Membership<br>410.00<br>Community Groups<br>Cadets Equipment<br>7158.43<br>Donations<br>Community Group<br>992.84<br>Just Giving<br>Insurance<br>1252.00<br>MSSC<br>MOD Uniforms<br>153.88<br>MSCC Training<br>760.58<br>Other Income/Trafalgar Night<br>Maintenance costs<br>14876.47<br>Room Hire<br>Jumbles Sailing Club<br>410.00<br>Subscriptions<br>Office Expenses<br>170.88<br>Sum Up<br>TV Licence<br>159.12<br>Architect fees<br>2160.00<br>Electricity<br>3794.57<br>Gas<br>4222.17<br>Water<br>107.61<br>Virgin Media<br>575.20<br>Waste Collection<br>340.00<br>Excess of Expenditure over Income<br>**Total Expenditure**<br>**38168.78**<br>**Total Income**<br>**Balance Sheet as at 31 March 2023**<br>**£**<br>**£**<br>**Capital Account**<br>**Bank Accounts**<br>Treasurer Account<br>6375.44<br>Balance Brought Forward 1 April 2022<br>35565.20<br>Development Fund<br>5581.60<br>Excess of Expenditure over Income<br>-6658.94<br>Business Call account<br>16949.22<br>Total Bank Account<br>28906.26<br>Petty Cash<br>**Total**<br>**28906.26**<br>**Total**|**£**<br>46.34<br>350.00<br>12315.00<br>5880.05<br>317.01<br>881.52<br>361.00<br>240.00<br>8806.65<br>2312.27<br>6658.94|
|---|---|
||**38168.78**|
||**£**<br><br><br><br>|
||**28906.26**|



**Audited and found correct** 

**R E Beedham FCMA CGMA** 

Jan 16, 2024 

Page 1 



## **Bolton Sea Cadets** 

## **Audit Report for the Year Ended 31 March 2023** 

This report is prepared for the benefit of the Bolton Sea Cadets only and covers the period from 1st April 2022 to the 31st March 2023 and should not be used for any other purposes. 

I have can confirm that these accounts give a true and fair view of the state of affairs of the Charity and of the income resources and applications of the resources of the Charity for that period. 

I can confirm that the Trustees have kept proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity. 

I can confirm that in my opinion the financial statement: 

Give a true and fair view of the Charity's affairs at 31 March 2023 and of its incoming resources and applications for the year then ended. 

Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice. 

Based on the work I have performed I have not identified any material uncertainties relating to events or conditions that individually or collectively may cast doubt on the Charity's ability to continue as a going concern for a period of at least 12 months. 

R E Beedham FCMA CGMA 

January 2024