## 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**|
|---|---|
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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