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 A￿j 2025 15..4t
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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
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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
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10001- Cadet Event cost
3.706.14
10003 - Annual Unit Conlftbulion Fe
250.00
10005 - Exlemal Fundraising
559.52
Total Dlrnct EX￿n$95
£6.159.12
GROSS PROFIT I LOSS
£31.859.59
iorh•ods
7100- Rent
538.32
7110 - Water Rates
831.00
7130 - Premises Insurance
2,859.10
7200 - Electricity
3.107.48
7210- Gas &Oil
1.090.50
7300 - Vehicle Fuel
1,403.28
7310 - Vehl¢le Repaii and Seryicing
165.00
7330 - Vehicle Insurance
884.49
7340 - Miscellaneous Vehide Expense8
29.50
7400 - Travelling
85.10
7410- Car Hlre
984.00
7430 - Entertainment
307.10
7460 - Subsistence
1,579.23
7500 - Printing
102.00
7510 - Postage and Carriag
1.55
7520 - Office Stslionery
424.75
7530 - Telephone
305.83
7610 - Accountsncy Fees
210.00
7620 - Consultancy & Professional Fees
540.00
7800- Repairs and Renewal$- 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
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