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 ho5￿ng 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. V*Jklo Fu•1
312.01
7310.
307.98
7330. VehhS•
I,1￿.c￿l
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 COn￿rnS 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