Unit 277 Preston Sea Cadet Corps Strand Road Preston Lancashire TS Galloway
Registered Charity No 291290
Unaudited Financial Statements for the Financial Year Ended 31st March 2024
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| Index | Page |
|---|---|
| General information | 2 |
| Trustee report | 3 |
| Statements of financial activities | 5 |
| Balance sheet | 6 |
| Statement Notes | 7 |
| Independent examiner’s report | 8 |
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General Information
President: Trevor Hart Trustees: Chair Ian Loughnane Secretary Keith Sedgewick Treasurer Tara Slinger Kamila Bartosiewicz Officer in Charge Keith Dowd (also a trustee) Changes to Trustees: Kerry Oram retired; Kamila Bartosiewicz joined Changes to OiC / CO: None Independent Examiner: John Croft ACIB 8 Hewitt Close Preston PR4 8BQ Unit Address: Strand Road Preston PR1 8DT Registered Charity No: 521290 Bankers: Barclays Bank PLC
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Trustees Report for the financial year ended 31st March 2024
The trustees present their report with the financial statements of the charity for the financial year ended 31[st] March 2024.
Structure, governance, and management
The charity is a trust. Governance is conducted in accordance with the 2017 Sea Cadet Standard Constitution, which has been adopted by the trustees.
The charity is governed by its trustees who appoint officers responsible for the management of the charitable activities.
The trustees and officers who served during the financial year are detailed on page 2
Objectives and activities
The objectives of the charity, as contained within the Sea Cadet Regulations, are based on the ethos and traditions of the Royal Navy, to give young people the best possible head start in life by participating in the cadet journey.
This journey provides a wide range of fun activities on both land and water designed to help cadets develop team spirit, respect, loyalty, self‐confidence, commitment, self‐discipline, and honesty that will serve them well as they mature into adulthood.
Through various activities and adventures, we learn how to be the best version of ourselves.
Trustees
Trustees are elected annually at the annual general meeting. The trustees are elected from the membership of the Sea Cadet Unit which is drawn loosely as those with an interest in the Unit. The trustees have the power to appoint new trustees who serve until the next annual general meeting following appointment. The overall number of trustees remains as 2023 with K Oram leaving and K Bartosiewicz joining.
Achievements and performance
2023 was a very busy year for Preston Sea Cadets. With 35 -40 cadets across all three sections supported by 14 Cadet Forces Adult volunteers.
L ocal community events Cadets have taken part in.
The Preston City King Charles Coronation events; Preston’s Remembrance Parade. Local school cleaning and gardening.
C ourses Cadets attended.
Offshore Sailing on TS Royalist , Sea Cadets Corp Tall Ship.
Kayaking Rowing ,Paddleboarding and Power Boating.
First Aid, Seamanship, Marine Engineering, Rock Climbing, Mountain Climbing, Weapons Handling, Fieldcraft and Promotion Courses.
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Our Royal Marines Cadet Detachment, Was selected to represent Bravo Company Royal Marines Cadets at the Annual Gibraltar Cup. For the Best Royal Marines Cadets Detachment in The Country . The Competition takes place at the Commando Training Centre Royal Marines Lympstone Devon.
Adults Courses and Qualifications.
We have also had our Adults attend courses and Promotions, All our CFAV’s passed their promotion and become Instructors in various subjects to help our cadets progress .
Receipts
Unit running costs are covered by monthly subs. We also receive a monthly donation from Chorley Nissan in return for informal use of our car park. We are extremely grateful for Chorley Nissan’s continued support.
The Unit received a restricted draw down facility of up to £20,000 for the decommissioning / demolition of the “old unit”. Completion of the project during the financial year has allowed us to drawdown the fully MSSC grant of £20k. This is a one‐off restricted grant and will not feature in future.
Unit fundraising over Christmas provided £1,302 of unrestricted funds. Gift Aid yielded an income of £793.
Payments
The demolition of the Old Unit is complete at a total cost of £31,807 over two years against which we received a £20k restricted grant. Subsequent savings in building insurance and utility standing charges are a further benefit.
Restricted Funds
The Unit holds £1,300 donated from LCC Champions fund specifically for catering equipment.
Public benefit
The trustees confirm they have complied with their duty under section 4 (2) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission and consider that pursuit of the trust’s objectives through the activities described above fulfils this obligation.
Safeguarding of young people
All trustees, officers and volunteers hold valid certificates from the Disclosure and Barring service and undergo mandatory MSSC safeguarding training.
Basis of preparation
The Unit accounts are prepared on a receipts and payments basis. Asset value declarations are based on rebuilding or replacement costs as appropriate.
The accounts are prepared based on a going concern and that the charity will continue to operate for the foreseeable future.
This financial statement has been independently examined and the Examiner’s report is included in this statement.
Approved by order of the board of trustees on 10th September 2024 and signed on its behalf by:
lan Loughnane Tara Slinger Chair Treasurer
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Preston 277
Financial Year 1st April 2023 to 31st March 2024 Detail
Report -- Year to Date as at 1 April 2024
Receipts
| ceipts | Payments | ||||
| Donations | £9,986.28 | Charitable Activity | £1,029.22 | ||
| Bursaries - restricted | £0.00 | Competition Fees - external provider | £0.00 | ||
| Bursaries - unrestricted | £0.00 | Competition Fees - internal provider | £0.00 | ||
| Cadet | £4,103.00 | Course Fees - external provider | £0.00 | ||
| P&SA | £0.00 | Course Fees - internal provider | £35.00 | ||
| Third party - restricted | £20.00 | Training Materials | £0.00 | ||
| Third party - unrestricted | £5,863.28 | Fuel | £314.71 | ||
| Ward Room | £0.00 | 3rd Party travel | £0.00 | ||
| MSSC Travel Refund (enter as credit) | £0.00 | ||||
| Fundraising | £1,099.46 | Catering | £0.00 | ||
| Bag packs | £0.00 | Fundraising Costs | £540.81 | ||
| Flag week | £0.00 | Special Events | £138.70 | ||
| Social events | £0.00 | ||||
| Community events | £375.86 | Operating | £17,104.30 | ||
| Other | £723.60 | Unit Health, Hygiene & Well-being | £164.00 | ||
| Office Equipment <£250.00 | -£47.99 | ||||
| Generated | £0.00 | Office Stationery, Printing & Postage | £64.80 | ||
| Property Rental | £0.00 | IT Consumables | £0.00 | ||
| Sale of Assets | £0.00 | Building maintenance | £15,073.41 | ||
| Sale of Goods | £0.00 | Grounds maintenance | £1,530.00 | ||
| SCAVA | £0.00 | Boat maintenance | £0.00 | ||
| Vehicle maintenance, MOT & RFT | £183.00 | ||||
| Grants | £20,208.45 | Other maintenance | £100.00 | ||
| External - restricted | £0.00 | Goods for resale | £0.00 | ||
| External - unrestricted | £0.00 | PPE & Branded clothing | £37.08 | ||
| MS-SC Restricted Grant | £20,208.45 | Various Unit Assets | £0.00 | ||
| Training | £0.00 | Overheads | £5,830.76 | ||
| Competition Fees - external provider | £0.00 | Rent | £0.00 | ||
| Competition Fees - internal provider | £0.00 | Rates | -£871.52 | ||
| Course Fees - external provider | £0.00 | Lease Fees | £0.00 | ||
| Course Fees - internal provider | £0.00 | Water Rates | £327.11 | ||
| Sewage Rates | £0.00 | ||||
| Unearned | £792.93 | Electricity | £808.79 | ||
| Bank Interest | £0.00 | Gas | £702.28 | ||
| Gift Aid | £792.93 | Broadband | £400.55 | ||
| Investment Income | £0.00 | Telephone | £70.06 | ||
| Alarm Monitoring | £66.99 | ||||
| £32,087.12 | Insurance - MS-SC provided Insurance - Non MS-SC provided |
£4,041.30 £0.00 |
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| Roadside assistance | £0.00 | ||||
| Certification | £285.20 | ||||
| Fees Charges | £0.00 | ||||
| Audit/Accountancy fees | £0.00 | ||||
| Legal fees | £0.00 | ||||
| Other professional fees | £0.00 | ||||
| Other revenue costs | £0.00 | ||||
| Bank charges | £0.00 | ||||
| £23,964.28 |
Surplus / Deficit Financial Year 1st April 2023 to 31st March 2024
£8,122.84
V 3.0
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Preston 277 -- Financial Year 1st April 2023 to 31st March 2024
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Cash Transactions Bank Transactions All Transactions
Opening Balance £148.55 £12,548.78 £12,697.33
Receipts
Donations £0.00 £9,986.28 £9,986.28
Fundraising £723.60 £375.86 £1,099.46
Generated £0.00 £0.00 £0.00
Grants £0.00 £20,208.45 £20,208.45
Training £0.00 £0.00 £0.00
Unearned £0.00 £792.93 £792.93
£723.60 £31,363.52 £32,087.12
£872.15 £43,912.30 £44,784.45
Payments
Charitable Activity £0.00 £1,029.22 £1,029.22
Operating £0.00 £17,104.30 £17,104.30
Overheads £0.00 £5,830.76 £5,830.76
Fees Charges £0.00 £0.00 £0.00
£0.00 £23,964.28 £23,964.28
£872.15 £19,948.02 £20,820.17
Transfers -£765.15 £765.15 £0.00
£107.00 £20,713.17 £20,820.17
Trading Balance for year £8,122.84
Money held in Current Account £20,713.17
Money Held on Deposit £0.00
Cash in Hand £107.00
Year to Date Detail Report as at 1 April 2024
V 3.0 £20,820.17
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Independent examiner's report on the accounts Section A Independent Exarniner's Report Report to the tru8teesl mernbern of Preston 277 On accounts forthe year ended 31st March 2024 Charity no 521290 Set out on pages Respective The charitys trustees are SPOnSible for the preparation of the responsibilities of accounts. The charity's trust consider that an audit is not trustees and examiner required for this year under seth.on 144 of the charib.es Act 2011 (the Charities Act) and thal an independent examinatyon is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act. to follow the procedures laid d¢)wn in the general Directions gtven by the Charity Commission (under section 14515llbl of the Charities Act. and to state whether particular matters have corne to my attention. Basis of independent My examination was carried out in accordan with general examinerfs staternent Directions given by the Charity Commission. An examination indudes a review of the accounting records kept by the charity and a comparison of the accounts psented with those COrdS. It also indudes considerabon of any unusual items or disclosures in the accounts. and seeking explanatsons from the trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audtt, and nseqUent1Y no opinion is given a5 to whether the accovnts present a 'lrue and fairf view and the report Is limited to those matter5 set out in the stslemenl below. Independent In connection ¥wlh my examination, no matter has come to my examiner's statement attention (other than that disdosed below"} 1. which gives me asOnable cause lo believe that in, any material respect, the requifernents.. lo keep accountsng records in accordance with section 130 of the Charities Act." and to prepare accounts which accord vAth the accounting cords arKI cornply with the accounting requirements of the Charitses Act have not been met.. or 2. to which, in my opinion. attentr.on shoukl be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name: Relevant professional qualificationlsl or body lif anyl- Address: CLQSC RL.S i c>*