Trustees report for year April 2023-March 2024
This year we have continued to receive monthly payments from the Lincoln Lottery and the rent of car parking spaces. We have only had the Dragon Boat race as a large scale event at the unit as there have been no events held on the Brayford Waterfront post-covid. We also held our first Trafalgar Dinner (not a joint one as last year) at Sobraon Barracks and made a small profit. Gift Aid raised nearly £1450 for the unit. We also sold some of our assets including some kayaks to Grimsby Sea Cadets.
We had our annual membership payment to Girton Sailing Club. We purchased an outboard engine thanks to a generous donation from Siemens. We also purchased a keep hot unit which has proved invaluable, a new laptop for the Commanding Office, a secondhand Jaffa (boat) and a second hand trailer.
CHARITY COMMISSION L .] FOR ENGLAND AND 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 2024 Charity no (if any) 521949 Set out on pages 1of7 I report to the trustees on my examination of the accounts of the above charity ('the Trust") for the year ended 31 March 2024 As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {"the Act"). Responslbllltles and basis of report I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent oxamlner's statement I have completed my examination. I confimi that no material matter8 have come to my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements concerning the fomi 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 fair, view which is not a matter considered as part of an independent examination. I have no concerns 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 d81ete the words in the brackets if they do not apply. Signed.. Date: 0710712024 Name: A J Lilley Relevant professlonal qualification{s) or body (if any): Independent Examiner Address: 63 Harrowby Lane, Grantham ,Lincs. NG319HZ IER
Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to discloso. NONE IER
Lincoln Sea Cadets Proflt and Loss Report 01 Apnl, 2023- 31 M rch. 2024 Sal•• 4000 - Sales- Products 29.00 4011- Sales - Cadet Contributions - Glft Aid AppllG 3,945.00 4012- S8188 - Cadet Contribution$ - Non Gift Aid 6,152,00 4013 - Sales- MSSC- Travel Refund 339.30 4015- Sales- Spedal Ev8nt- Fundralslng 6,713.96 4016- Sales- Cafe and Nutty 2,666.09 4017 - Salcs - CourJc Fees 210.00 4018- Sales- Car Park Fees 3,366.00 4019- Lottery 223.50 4BOO - Olhor Income 1,711.04 4905 - Donations - Gift Aid 1,274.00 4908- DOnaOn= . Non Gift Ald 1,765.10 4915- MSSC hostlng fee payment 5,114.01 7901- HMRC Ch8rftles Glft Aid 1,H8.98 10000 - Cadet Event 785.00 Total Sal•• £35,742.98 Dlr•d Exp•nM$ 5000- Cost of Sales - Good8 254.05 5001- Stsff Reimbersments 1.833.28 5021- Co81 of Sales - Events 220.00 5040- Ccst of Sale= . Labour 125.00 5050- Sub£ontractor8 53.30 5061- Refund of course fees to parents 70.00 01 Jun 2024 22.'16
10001- Cadet Event cost 1,341.24 10002 - MSSC- course fees 48.50 10003- Annual Unit Contribution Fe8 100.00 10004 - Purch8se card 1,322.90 Total Dlr•ct Expens £5.368.25 GROSS PROFrr i LO8S £30,374.73 Ov•th••ds 7100- Rent 604.22 7110- Watsr Rates 765.61 7130- Premlses Insurance 2,740.10 7200 . Electridty 1,447.00 7210-Gas&OII 1,535.30 7300- Vehlcle Fuel 1,642.15 7310 . Vehide Rep81r and Servlclng 372.13 7330 - Vehicle Insurance 630.00 7340- MISlIaneOuS Vehlcle Expenses 74.50 7400- Tr8vélllng 26.99 7410- Car Hiro 625.00 7430 - Entertalnment 5.586.76 7460- Subsistence 2,619.79 7500 . PrlnUng 241.14 7510 - Postage and Carriagé 61,65 7520- offi Statlonery 15.95 7530 - Telephon8 332.48 7550 - Computer & Sothvare 32.97 7610- AG¢ountancy Fees 20Q.00 7820- Consultancy & Professional Fees 35.00 7800 - Repairs and Renewals- PropertylBuilding 2,797.90 7802- Repairs and Renewals - Boats 1,079.02 01 Jun 2024 22-16
7810- Cleanlng 443.47 7900 - Bank Charges and Interest -143.44 8200- General Expenses 434.48 8220- Clothing Costs 708.53 8230 - Tralnlng Costs 985.01 8240 - Refreshments 2,437.55 Totsl Overheads £28,331.26 NET PROFIT I L088 £2,043.47 01 Jun 2024 22'.18
Lincoln Sea Cadets Balance Sheet Report To." 31 March. 2024 ASSETS Flxod A•set• 0010 - Property - Cost 1,027,339.00 0020- Galley Assets - Cost 957.31 0030 - Office equipment and IT- Cost 1.222.20 0040 - Flxtures and fittings - Cost 28,255.91 0050- Motor V•hicl8s - Cost 7,000.00 0052- Boats - Cost 112,083.96 Total Flx•d A••ot• £1,176,858.38 Currnnt Ass•l• 1000 - Stock- Raw Materlals 60.00 1020- Stock - Finl8hed Goo0$ 96.50 1200 - CA- Uncoln Unlt Sea Cadet Corps 3,108.45 1220- DA- Llncoln Unlt Sea Cadet Corps 12,275.13 1230- Lincoln SCC- PFA Fund 418.23 Total Curront As•Ots £1 5,958.31 TOTAL ASSETS £1.192,816.69 LIABILMES CuTh•nt Llabllltles Total Current Llabllltl•8 £0.00 Futurg Llabllltle• 01 Jun 2024 22'.07
Total Future Llabllltles £0.00 TOTAL LIABILITIES £0.00 TOTAL NET ASSETS £1,192.816.69 Eourry Net Profft l Loss 1,192,816.69 3100- Pmflt and Loss Accounl 1,100.035.00 Net Proflt/Loss (prioryearfs)) 90,738.22 Not Profrt/Loss (curr&nt year) 2,043.47 TOTAL EQUITY £1,192,816.69 01 Jun 2024 22.'07