Chairmans Report 2023 /24
2023/24 was a positive year even with cost of living increases and higher utility costs continuing to impact society.
We are due to have the capital works replacing the boilers and heating systems commence in Spring 2024 which should drastically reduce the gas bill.
We continue to seek increasing involvement with community groups and organisations to provide income to support further capital investment in the fabric of the building. The continuation of Sea Cadet relationships with related organisations such as the Royal Naval Association and the Mayoralty of Bolton continue the important ties between the town of Bolton and the Sea Cadets.
Successfully attracting funding from the National Lottery and Bolton University has buoyed our confidence to further attract significant funding to help deliver our much needed building improvements
I am confident of continuing to provide an excellent cadet experience to the young people of Bolton and to carry on the improvements required to the building to preserve an important part of Bolton’s heritage.
Terry Kakoullis
Sheet1
Bolton Sea Cadets Year End Accounts for the 12 Months Ended 31[st] March 2024
Income and Expenditure Account for the 12 Months ending 31 March 2024
| Expenditure Auto Fees/Road Tax Auto Fuel Maintenance costs Training Cadets Equipment Community Group Insurance MOD Uniforms MSCC Training Maintenance costs Jumbles Sailing Club Office Expenses TV Licence Capital Projects Electricity Gas Water Virgin Media Waste Collection Cleaning Supplies Excess of Expenditure over Income Total Expenditure |
£ Income 795.00 Bank Interest 481.48 Bolton MBC 2056.98 290.19 Community Groups grants/rent 5675.45 Donations Just Giving 682.80 MSSC 91.66 421.33 Other Income 194.00 Room Hire Bolton MBC 450.00 Subscriptions 121.88 Sum Up 159.00 Trafalgar Night profit 5257.00 1244.97 6524.69 127.20 633.60 370.00 93.25 50487.46 76157.94 Total Income |
£ 362.93 8350.00 54608.38 2056.62 582.80 40.00 400.00 5798.90 3108.45 * 849.86 * |
|---|---|---|
| 76157.94 |
Balance Sheet as at 31 March 2024
| Capital Account Balance Brought Forward 1 April 2023 Excess of Income over Expenditure Total |
£ £ Bank Accounts Treasurer Account 2721.97 28906.26 Development Fund 62189.17 50487.46 Business Call account 14482.58 Total Bank Account 79393.72 Petty Cash 79393.72 Total |
£ |
|---|---|---|
| 79393.72 |
Audited and found correct
R E Beedham FCMA CGMA
31 Jan 2025
Page 1
Sheeti 76157.94 Page 2
Bolton Sea Cadets
Audit Report for the Year Ended 30 March 2024
This report is prepared for the benefit of the Bolton Sea Cadets only and covers the period from 1st April 2023 to the 30th March 2024 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 30 March 2024 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 2025