GRIMSBY AND CLEETHORPES UNIT 162 OFTHE SEA CADET CORPS FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2025 GRIMSBY & CLEETHORPES SEA CADETS I ROYAL DOCK GRIMSBY DN313TN GRIMSBY AND CLEEfHORPES UNIT 162 OF THE SEA CADET CORPS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2025 Page Accountants Report Client approval Certificate Profit and Loss Account GRIMSBY AND CLEEfHORPES UNIT 162 OF THE SEA CADET CORPS ACCOUNTANTS REPORT & CLIENT APPROVAL CERTIFICATE FOR THE YEAR ENDING 31 MARCH 2025 Accountants Report on the financial statements of GRIMSBY AND CLEETHORPES UNIT 162 OF THE SEA CADET CORPS In accordance with instructions given to us we have prepared these accounts based on information and explanations supplied to us from the records of GRIMSBY AND CLE￿HORPEs UNIT 164and from Jackson Stapleton Accountants Grimsby DN312DL 0810712025 Date:............................... Client Approval Certificate l approve this Profit and Loss Account and confirm that I have made available all relevant records and information for this preparation. GRIMSBY AND CLEETHORPES UNIT 16: Date:............................-...-... GRIMSBY AND CLEETHORPES UNIT 162 OF THE SEA CADET CORPS CHARITY NUMBER: 521935 PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDING 31 MARCH 2025 INCOMEGRANTS MSCC FUNDRAISING/DONATIONS Trips & Events SUBS/NUTrY 3,225 11.106 2,281 9,414 26,488 OPENING STOCKS PURCHASES 5511 5511.35 LESS CLOSING STOCKS COST OF SALES GROSS PROFIT C/F 5511.35 20,976 Overheads Cost of Goods bought for Resale or Goods Used Car, van and Travel expenses after private use proportion: Wages, salaries and other staff costs Rent. Rates, power. and insurance Costs Repairs and renewals, equipment and property Accountancy. Legal and Other Professional fees Interest, bank and Credit card, financial charges Telephone. Fax, stationary and other office Costs Other allowable business expenses. Depreciation Advertising (Profit)ILoss on sale of fixed assets 7,996 8,725 6,500 60 2.167 2.628 Total expenses Profit for the year 28,075 -7.099 20,976 20,976 20,976 GRIMSBY AND CLEETHORPES UNIT 162 OF THE SEA CADET CORPS CHARITY NUMBER: 521935 BALANCE SHEET FOR THE YEAR ENDING 31 MARCH 2025 Fixed Assets Tangible Assets Intangible (Goodwill) Land & Buildings 12427 12426.882 Current Assets Stock Debtors Pre-payments Cash/Bank Reserves 2691.96 23151.13 25843.09 Current Liabilities Creditors Loans Accruals VAT Bank Net Current Assets 25843.09 Total Net Assets/Liabilities 38269.97 Capital Account Balance B/F Corrections/Balancing figures Profit Drawings 44851.49 517.54 -7,099 38269.97 GRIMSBY AND CLEETHORPES UNIT 162 OF THE SEA CADET CORPS CHARITY NUMBER: 521935 INCOME AND EXPENDITURE FOR THE YEAR ENDING 31 MARCH 2025 l Accounting Polices 1.1 Accounting convention The financial statements are prepared under the historical cost convention 1.2 Compliance with accounting standards The financial statements are prepared in accordance with applicable accounting standards 1.3 Turnover Turnover represents amounts receivable forgoods and services supplied net of vat 1.4 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected life Plant and machinery 20% on a reducing balance bases per annum on cost Cost of Goods bought for Resale or Goods Used I cost of goods bought for re-sale 2 nutty stock 3 uniform 4 Fuel for boats in progress 5 training 6 awards 0.00 1873.44 884.51 0.00 1951.26 802.14 0.00 5511.35 Car, van and travel expenses after private use proportion- 7 car and van insurance 8 repairs 9 servicing 10 fuel 11 Parking & Tolls 12 hire charges 13 vehicle licence fees 14 AA/RAC membership 15 train & flights 16 Road Tax 17 Subsistence 18 hotel room costs and meals on overnight business trips after deducting the private use proportion. 0.00 780.01 0.00 6192.35 0.00 809.00 0.00 0.00 49.50 165.00 0.00 0.00 7995.86 Wages, salaries, and other staff costs: 19 salaries 20 wages 21 bonuses 22 pensions 23 benefits for staff or employees 24 agency fees 25 subcontratt labour costs and employer's NICS etc Rent. rates, power, and insurance costs: 26 rent for business premises 27 business and water rates 28 light. heat. power costs 29 insurances 30 IOSH membership 31 use of home as office (business proportion only), payments that have been made 1379.83 492.09 6101.68 751.20 0.00 0.00 0.00 8724.80 Repairs and renewals of property and equipment: 32 payments made towards repairs and maintenance of business premises and equipment renewals of small tools and items 6500.16 0.00 6500.16 Accountancy. legal and other professional fees: 33 Include accountants. solicitors. surveyors. architects and other professional fees and professional indemnity insurance premiums of equipment 0.00 0.00 Interest and bank and credit card etc. financial charges: 34 Telephone, fax. stationary and other office costs: 35 telephone and fax running costs 36 postage 37 stationery 38 printing and small office equipment costs 39 computer software costs 1869.26 0.00 297.45 0.00 0.00 2166.71 Advertising General advertizing 0.00 Other allowable business expenses (client entertaining costs are not an allowable expense): 40 Include any trade or professional journals and subscriptions and other sundry business running expenses not included elsewhere. 0.00 Depreciation 2627.88