Chairmans Report 2024 /25
2024/25 was a positive year even with cost of living increases and higher utility costs continuing to impact society.
The newly installed heating system and improvements to window secondary glazing have reduced the gas bill by 30%.
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 Asda Places and Spaces Fund and East Lancashire Masonic Charitable Foundation towards a fund to replace failing guttering and refurbish the windows 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 2025
Income and Expenditure Account for the 12 Months ending 31 March 2025
| Expenditure £ Income Auto Fees/Road Tax 825.49 Bank Interest Auto Fuel 508.38 Bolton MBC Maintenance costs 200.00 Bank Service Charge 10.90 Community Groups grants/rent Cadets Equipment 4253.94 Donations Course Hosting Costs 1796.25 Just Giving Insurance 687.10 MSSC Hosting MSCC Training 250.00 Other Income Maintenance costs 4092.98 Jumbles Sailing Club 461.03 Subscriptions Office Expenses 143.88 Sum Up TV Licence 167.75 Trafalgar Night profit Capital Projects 42218.40 Electricity 1516.36 Gas 4517.44 Water 410.12 Virgin Media 580.80 Waste Collection 376.00 Excess of Expenditure over Income 3877.65 Total Expenditure 66894.47 Total Income Balance Sheet as at 31 March 2025 £ £ Capital Account Bank Accounts Treasurer Account 1912.82 Balance Brought Forward 1 April 2024 79393.72 Development Fund 76805.47 Excess of Income over Expenditure 3877.65 Business Call account 4553.08 Total Bank Account 83271.37 Petty Cash Total 83271.37 Total |
£ 686.80 900.00 7600.00 41443.71 60.40 3915.11 553.26 7633.73 3476.26 625.20 66894.47 £ 83271.37 |
|---|---|
Page 1
Sheet1 66894 47 Page 2
Bolton Sea Cadets
Audit Report for the Year Ended 31 March 2025
This report is prepared for the benefit of the Bolton Sea Cadets only and covers the period from 1st April 2024 to the 31st March 2025 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 2025 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.
Councillor Canon Dr John Walsh OBE DUniv(hc) Bolton 29[th] January 2026