The financial year 4.20-3.21 was a difficult one for the unit as for everyone else due to Covid.
We did not insist that parents continue to pay subs during lockdown but gratefully received any that were paid.
All events on the Brayford were cancelled and this meant a huge drop in our income.
Thanks to the City of Lincoln council we received grants of nearly £20000 under the Hospitality and Leisure closure grant scheme and these have kept us afloat.
We purchased a second minibus and received a 50% grant from MSSC towards this.
Any monies paid to the MSSC for courses were eventually refunded to the unit and the monies were then returned to parents with one or two exceptions who insisted we keep the refunds as donations.
We also received £2600 in Gift Aid for the tax year of 2019-2020.
Lincoln Sea Cadets Proflt and Lo89 Report 01 Aprfl. 20¥J- 31 L4arch, 2021 8al•s 4011- Sal8s- Cadet Contributions- Grft Appllcable 3,388.00 4012- Sales- Cadet Contributions- Non Gift Ah 1,781.00 4016- Sales- Cafe and Nuty 135A7 4017- S8le5- Course Fees 126.19 4018- Sales- Car Park Fees 1,110.67 4019- Lottery 336.00 4900- Other ino)me 10.00 49J3- Capital Vehicle Grants. MSSC 11,073.00 4904- Gen8ral Grants- Non MSSC 12,096.C 4905- Donalons- GM Ald 340.00 4906- Don8tKJns- Non Gift Aid 313.00 4911 . MSSC r9fund of course fees 3,400.21 4912. MSSC general gr8nt 200.00 4914_ Bursari8s 170.00 4915- MSSC ho5ng fee payment 200.00 7901 - HMRC Chorftyes Gfft Aid 2,827.04 Totsl Salo8 £37,306.58 Dlr•ct Expgniè• 5000- Cost of Sales- Goods 1,815.41 5001 - Staff Rtrfund8 1.166.11 5061 _ Refund of COU fa8S to parents 161.25 Total Dlr•d Exponses £3,142.77 GROSS PROFIT I LOSS £34,163.81 02 JUD 2021 13'.10 Pog81d2
71fy). 1.24 7110.W•ler R#t•o 1.822. 7130. Fknnws knwJr8nc• 1.968.20 1,32U.OD 7210- G•8 & Cll 1.f75.Q) 7300. VJklo Fu•1 312.01 7310. 307.98 7330. VehhS• I,1.cl 273.14 275.ID 7800- Rot45rn •nd R•n**. Propwtyffjuibjkng 2299.49 705AO T¢)t•l ¢knrh••d• £12,311. IIET PROFIT I LOSS £11.1.21 Approved Unlt Trwurer Date _ 01 2021 13'.10 P4•2d2
Lincoln Sea Cadets Balance Sh??t Report To.. 31 MarGh, 2021 ASSETS Fixed Assets 0010- Property- Cost 971,935.00 CQ40- Fixtur85 and fittings- Cost 26,500.(K) 0050- Motor V8hicles- Cost 7,000.00 0052- Boats- Cost 101,330.00 Totsl Flxed Ass•ts £1,106,765.00 Current Assets 1200- CA- Llncoln Unit Sea Cadet Corps 1,055.63 1220- DA- Lincoln UnK Sea Cadet Corp5 26.199.39 1230- Lincdn SCC- PFA Fund 631.59 Totsl Current Assets £2Y.886.61 TOTAL ASSETS £1,134.851.61 LIABILITIES Current LIabIl•S Total Curr•nt Llabllltl85 £0.00 Futur• Llabllltles Totsl Future Llabllltles £0.00 TOTAL LIABILMES £0.00 02 JuTh 2021 13..08 P8llE1 LI2
TOTAL NET ASSETS £1,134,651.61 Eourry Net Proffit l L05S 1,134,651.61 3100- Profit and Loss AcGount 1,100.035.00 Net Profft/Loss {p170rye8rf5)J 12,965.40 Net Profrt/Loss Icutrentye8r) 21,651.21 TOTAL Eourry £1,134,651.61 02 Jun 2021 13'.Q8 Pallv2of2
Approved Unit Treasurer Date
(HARITY COMMISSION FOR ENGLAND ANO WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Lincoln Unit 214 of the Sea Cadet Corps On accounts for the year ended 31 March 2021 Charity no {If any) 521949 Set out on pages 1 of6 I report to the trustees on my examination of the accounts of the above charity {'the Trust'l for the year ended 31 March 2021 As the Gharity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act") Responsibilities and basis of report I report in respect of my examination of the Trust's accounts carried out under seclion 145 of the 2011 Art and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under seGlion 145{5)Ibl of the A¢t. Independent examiner's statement I have completed my examination. I confim that no material matters have come to my attention in connection with the examination (other than that disclosed below ') which giv8s me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Acl., or the accounts did not accord with the accounling records., or the accounts did nol comply with the applicable requirements concerning the fonn and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and faiff view which is not a matter considered as part of an independent examination. I have no COnrnS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in tho brackets if they do not apply. Slgned: Date: 0310612021 Name: A J Lilley FCCA Relevant profosslonal qualificationls) or body lif any): Chartered Association of Certffjied Accountants Address: 63 Harrowby Lane, Grantham ,Lincs. NG319HZ IER Oct 2018
Se¢tion B Disclosure Only complete if the examiner needs to highlight material matters of concern {see CC32, Independenl examination of charrty accounts: directions and guidancè for examiners). Give here brlef detalls of any items that the examiner wishes to disclose. NONE IER Oct 2018