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- DOna￿On= . 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- MIS￿lIaneOuS 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