Trustees Annual Report April 2024-March 2025 This last year has been a fairly quiet one, account-wise. We received donations from various sources including Welton Imp Walking Football Club £150 and Duncan & Toplis Foundation £250 which we put towards a new dishwasher which will be invaluable once we start hosting courses at the unit again. We entered the Lincoln Santa Fun Run which raised nearly £1300 via Easy Fundraising. We increased our monthly parking fees. We sold some assets which inclu&d two double kayaks and a RIB, both to other Sea Cadet units. We claimed Gift Aid to the tune of £1700 and helped support the Dragon Boats race which brought some funds in. We also had a refund of £1000 from OVO (gas) as we were in credit. Expenses included the annual fees for Girton Sailing Club (£679) and all our boat engines and outboards were serviced by Priory Marine. We swapped electricity suppliers from SSE to EDF. There had been a number of problems with SSE and sadly the switch over was not as easy as promised but all appears to be fine now. We also tried to hold a Trafalgar Dinner but during to the size of the venue and the few tickets sold. it was decided to cancel the event. There would have been a loss due to deposits paid but fortunately a donor came forward to cover these.
Independent examiner's report to the trustees of Lincoln Unit 214 Of The Sea Cadet Corps We report on the accounts of thc trust for the year ended 3151 March 2025, which comprise the Receipts and Payments Account and the Statement of Assets and Liabillties. Respective responsibilities of trustees and examiner The charity's trustees responsible for the prepardtion of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144(2) of ihe Charities Aci 2011 (the 2011 ALI) and ihat an independenl examination is needed. It is our responsibility to: Examine the accounts under section 145 of the 201 l Act, Follow the procedures laid down in the general directions given by the commission under section 145 (5) 0)) of the 2011 Acl. To state whether particular matters have come to our attention. Basls of independent examlner's report Our examination was carried out in accordance with the general d irections given by the Charity Commission. An examination includes a review of the accounting rccords kcpt by the charity and a comparison of the accounts presented with those records. It also includes considcration of any iinusual itcms or disclosurcs in thc accounts, and sccking cxplanations from you as trustees concerning any such mattets. The procedures undertaken do not provide all the eviden¢¢ that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view, and the repon is limited to those matters set out in the next 8tatement. Independent examiner's Statement In connection with our examination, no matter h&8 come to our attention which gives us reasonable cause to believe that in any material respect the requiremenls a. to keep accounting records in accordance with section 130 of the 2011 Act, and b. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 201 l Acl, have not been met, or 2. to which: in our opinion, attention should be drawn in order to enable a propcr understanding of the accounts to be reached.
Makk Mark JacksDn-Stdpletun IAug 20, 2025 15..49 8GMT+ll Jackson Stapleton Accountants Limited Brunswick House 86-88 Carholme Road Lincoln LNI ISP Dated 2110812025
Lincoln Sea Cadets Balance Sheet Report To." 31 March, 2025 ASSETS Flxed Assets 0010 - Prop8rty- Cost 1,027.339.00 0020 - Galley Assets- Cost 1.400.60 0030 - Offi¢8 equipment and IT- Cost 1.401.63 0040 - Fixtures and fittings- Cost 28.779.31 0050 - Motor Vehicles - Cost 7.000.00 0052- 8oat5 - Cool 109,253.96 Total Flxad A8set8 £1,175,174.50 Curr•nt A88•t8 1000- Stock - Raw Materials 60.00 1020- Stock - Finished Goods 96.50 1200 - CA - Lincoln Unil Sea Cadet Corps 3.894.82 1220- DA- Lincoln Unit Sea Cadet Corps 16,864.57 1230 - Lin¢oln SCC - PFA Fund 1,022.58 Total Current Assets £21,938.47 TOTAL ASSETS £1,197.112.97 LIABILITIES Current Llabllltses Total Current Llabllltles £0.00 Future Llabllltles 20 Aj 2025 15..4t Page1 of2
Totsl Future Llabilltles £0.00 TOTAL LIABILITIES £0.00 TOTAL NET ASSETS £1,197,112.97 EQUITY Net Profit l Loss 1,197.112.97 3100- Proflt and Loss Account 1.100,035.00 Net Profil / Loss (prior ye8r(s)) 92.781.69 Nat Profft/ Loss (cuffent y88r) 4.296.28 TOTAL EQUITY £1,197,112.97 20 Aug 2025 15-41 Page2of2
Lincoln Sea Cadets Profit and Loss Report 01 Awl. 2024- 31 Mar¢h. 2OZ5 Sa103 4000 - Sales - Products 479.35 4011- Sales - Cadet Contributions- Gift Applicalje 4,366.00 4012 - Sales - Cadet Contrlbutions- Non Gift Aid 5.710.50 4013- Sales - MSSC - Travel Relund 1.801.87 4015- Sales - Special Event - Fundraising 2,305.54 4016- Sales- Cafe and Nutty 2,486.83 4017- Sales - Course Fe&8 730.10 4018 - Sales - Car Park Fees 3.935.77 4019- Lottery 130.00 4900- Other in¢ome 2.391.20 4905- Donations- Gift 1,149.00 4906 - Donation8- Non Grft Aid 6,343.82 4909 - Donations- Fundraising - Non Gift Aid 82.38 4915 - MSSC hosting fee payment 2,031.32 7901 HMRC Charities Gift Aid 1,755.33 8221 Uniform ()onallon 75.00 10000 - Cadet Event 2.244.70 Total Sales £38,018.71 Dlr•¢t Exponsas 5001- Staff R8imber5ments 332.28 5021- Cost of Sales - Events 71.93 5060- Other Direct Expenses 437.25 5061- Refund of course fees to pargnts 802.cwj 20 Aug 2025 15..42 PAge1of3
10001- Cadet Event cost 3.706.14 10003 - Annual Unit Conlftbulion Fe 250.00 10005 - Exlemal Fundraising 559.52 Total Dlrnct EXn$95 £6.159.12 GROSS PROFIT I LOSS £31.859.59 iorh•ods 7100- Rent 538.32 7110 - Water Rates 831.00 7130 - Premises Insurance 2,859.10 7200 - Electricity 3.107.48 7210- Gas &Oil 1.090.50 7300 - Vehicle Fuel 1,403.28 7310 - Vehl¢le Repaii and Seryicing 165.00 7330 - Vehicle Insurance 884.49 7340 - Miscellaneous Vehide Expense8 29.50 7400 - Travelling 85.10 7410- Car Hlre 984.00 7430 - Entertainment 307.10 7460 - Subsistence 1,579.23 7500 - Printing 102.00 7510 - Postage and Carriag 1.55 7520 - Office Stslionery 424.75 7530 - Telephone 305.83 7610 - Accountsncy Fees 210.00 7620 - Consultancy & Professional Fees 540.00 7800- Repairs and Renewal$- PropertylBuilding 3,005.28 7802 - Repairs and Renewals- Boats 1,626.22 7810- Cleaning 701.96 7900- Bank Charges and Interest -189.44 20 Aug 2025 15..42 Paye2of3
8100- Bad Debts 2.65 8200- General Expenses 831.77 8210- Subs¢riptions 726.00 8220 - Clothing Costs 2,483.60 8230 - Training Costs 935.28 8240 - Refreshments 1,991.76 Total Overhoads £27,563.31 NET PROFIT I LOSS £4,296.28 20 Awd 2025 15..42 Page3of3