SEA CADETS ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024 WORKSOP UNIT 422 OF THE SEA CADET CORPS Worksop Sea Cadets TS BENTINCK Gateford Road Worf(sop Nottinghamshire S80 1TY Worksop Unit 422 of the Sea Cadet Corps is a charlty registered In England 522331 SEA CADETS CONTENTS Pa Trustees Annual Report Achievements and Perfonnance: Chaimian's Report Commanding Officer's Report Treasurer's Report Independent examiner's Report Financlal Statements Statement of receipts and payrnents Statement of assets and liabilities Notes SEA CADETS Trustees, Annual Report for the period From 1 April 2023 to 31 March 2024 Trustees Lesley Holmes (Chairman) Paul Benton Sam Bloomfield Kerry Aspinal Della Shaw (Resigned l November 20231 Charity Constitutlon The charity15 an unincorporated charitable organisation operating under the 2017 edition of the Sea Cadet Standard Constitution approved by the Marine society & Sea Cadets IMSSC) Council, which was adopted by the charity on 13 November 2017. Objectives and Activities The charitable purpose of the Unit (the Purposel is to promote the development of young people in achievin8 their physical, Intellertual and social potentlal as Indlvlduals and as responsible citizens by the provision of educatlon and lelsure tlme actlvitles usln8 a nautlcal theme and in accordance with the princlples, ethos and practices of the Marine Society & Sea Cadets IMSSCI. In furtheranc.e of the Purpose, the Unit offers young people a structured envlronment in which to develop. provides access to education and trainlng Includin8 {but not restrlcted to). sailin8 Ilnshore and offshore), paddle sports, power boating, seamanshlp, navigation. marlne englneerln& cookin& music, flrst aid, drill, piping, and public service The unit provides opportunities ft)r young people to obtain a range of qualifications and provides opportunities for communlty involvement. When making decisions regarding the delivery ofthe charities objectNes the Trustees have had due regard to the commi55ion'5 public benefit guidance when exercising any powers or duties to which the guidance is relevant. Addltional Information The Trustees would like to thank all the volunteers who have devoted their personal time and not insignificant effort Into maklng the Unit a success and for providin8 such valuable educatlon and 5UPPOrt to local young people and helping shape their lives for the better. The year marked the retirement of the Uniys long serving Treasurer and Trustee Della Shaw. The Trustees thank her for her service to the Unit and wish her all the very best for the future. SEA CADETS Achievements and Perfomiance Chaimian's Report I started this financial year as part of the Unlt ManagementTeam {UMTI and took responsibility forthe facilities management withln the unit. Through this role I took the lead in monitoring and orBanisin8 works with regards to the building. Utilising the grant we received from RFCA l assisted in obtaining quotes and agreeing a supplier for the works to be completed in the galley (kitchen areal, which l oversaw from start to finish including getting my hands dirty with a little painting to help out. This work took longer than Originally planned but the wait was worth it, as the transformation was outstanding. In December I was elected to the role of Chairman with Kerry Aspinal stepping down after several years of fulfillingthe role on a temporary basis. My role change was just one of a number of chan8es to the UMT structure. I feel our changes have already had a posltlve Impart- we are all working collaboratively and are workingtowards numerous goals forthe unit. As a UMT, and certainly as Chalrman, we are encouraged that so many cadets are taking advantage of so many dlfferent opportunitles. We have had recent success in the drill ad pipin8 cornpetltion and were really proud that our colour party made it to nationals. They did so well and we are all immensely proud of their achievements so far. L along with the rest of the UMT are looking forward to the next 12 months. As a UMT we are working on obtaining grants and funding to be able to carry out further maintenance and refurbishment on the building. We are also looking to develop the UMT further by recruiting additional team members and build an even stronger team. We are also looking forward to cekbratin8 our 80th year with plans already developing for special events throughout the year. My final thoughts to close out a fantastic year of achievements and mark signrficant chan8es to the UMT team are to thank the volunteer5 throughout the unit for their unwavering support and enthusiasm who have all contributed to the successes that we have achieved, wlth a special thanks to Kerry Aspinal for leading the UMT so competentlyfor a far longertemwrary period than I know She had anticipated. SEA CADETS Commanding Officerfs Report The past 12 months have been marked by signiflcant achlevements and accompllshments forthe unlt. Cadets are enloylng a varied and enjoyable experience through participation in various activities, Showcasing their dedication, resilience, and teamwork. Our Inclusive environment and enga8ing attlvltles have attracted a larger number of cadets, with a diverse range of young individuals joining the unit, fostering a vibrant and dynamic communlty. With a new UTO in post, this year we have prioritised training and skill development across various areas. The unlt regularly hosts successful residential training weekends, often attended by other Units and Districts, offering a broader cadet experience, in additlon to hostin8 Dlstrict and Area trainlng. Cadets showcased their ski115 in several competitions throughout the year, participatin8 in Distritt and Area events, including the Comblned Re8atta, Football and Drlll competltlons, demonstratlng excellence and sportsmanshlp. Notable achlevements include 1st place forthe Colour Party who will move forward to represent the Area at the National event but also the Unarmed Squad who achieved 3rd place at thelr flrst ever Area Drill competitlon. Thelr commendable performance in these events has insplred other cadets. The unit remains actively en8aged wlth the local communlty throu8h varlous outreach Inltlatlves. The unlt currently hosts the Lord Lleutenanvs Cadet for Nottinghamshire and our involvement in annual events such as the Cancer Research UK Race for Llfe, Armed Forces Day and Remembrance Day ceremonles has stren8thened our bond with the community but also instilled a sense of civic responsibility and social awareness among the cadets. Members of the shlp's company received recognition for their outstanding contributions and achievements over the past year.. POC Ella was awarded the Area Advancement Board Trophy, Cdt Cpl Ben was honoured to be the Area nomlnee for the National Indefatigable Shield and our Unit Admin Officer was awarded the Alan Waln Trophy. The Unlt Management Team IUMT}, has undergone a significant transition and have secured funding which wlll mean we can go ahead with the planned repair worktothe main deck roof. The UMT, under the management of our new Unit Chairman, continue to work hard in fundraising for future planned projects. The unit continues to support other charitable causes. including The Inspire and Achleve Foundath)n. who hire the unit to dellver the Prlnce's Trust programme. Looking ahead into our 80th annlversary year, the unit remains commltted to providing opportunltles for personal growth. sklll development and community engagement, empowering cadetsto excel both on and off the water. With a dedicated team of instruttors and volunteers, the unit is polsed for another year of success and achievement. Through a combination of trainingi community engagement, and leadership development initiatives, the cadets have demonstrated their commitment to excellence and service. SEA CADETS Treasurefs Report It is my great pleasure to have taken over the financial manè8ement and reporting role of the Worksop Sea Cadet Unit which does so much good work and provides such fantastic facillties to local young people. Durin8 the year to 31 March 2024 Income generated from the charltable artivities ofthe Unlt Increased by £4,750 representin8 a 25% increase. Thls increase In charitable Income was generated as a dirert result of a 32% increase in Cadet numbers to 5312023.. 401 over the course of the year. Cadet subscription5 remained frozen at the 2022 subscription rate until March 2024 when we applied a 28% increase to subscription prices in order to ensure that the Unit could continue to provide the highest level of training possible and maintain the high standards we have achieved for many years. The Trustees have invested a large amount of reserves in the upkeep and improvement of the Unit facilities during the year and it is with great thanks to the East Midlands Reserve Forces & Cadets Association that we were able to upgrade our Galleythanksto a generous donation. We are dellghted to have renewed our hlre agreement with the Aspire and Achieve Foundation for thelr delivery of the Princes Trust programme from our Unit. Not only does this provide us Wlth a welcome additional source of flnance but also helps us to forge fantastlc connectlons wlth other organisatlons supporting young people and the local community as a whole. We are excited to have received recognition from HM Revenue & Customs of our charitable status and have begun sl8nln8 up parents and carers of to Glft Aid for donatlons to the Unlt and for thelr Cadet subscrlptlons. We expett to see the benefits of thi5 over the coming years which promises to transform those financial benefits into better services and facilities for the local population of youn8 people. The financial year to 31 March 2024 reports a financial deficit of £2,263. Although the Trustees are striving to ensure that they at least break even each year, thi5 deficit can be explained by the large investment into the Unit maintenance during the year and a freeze on cadet fees until the latter part of the year. Looking ahead to the next 12 months there will be ongoing financial challenges in ensuring that all essential property maintenance can be adequately funded through charitable activities and the fundraislng efftirts of the Unit Management Team. but the Trustees are of the oplnion that the forthcoming year will see the Unit go from strength to strength and continue to increase Cadet numbers and bolster reserves. The tiustees dKlare that they have approved the trustees, report above. on behalf of all th 51 ature Lesley Holmes (Chairman) SEA CADETS Independent examiner's report Responslbilities and bas15 of report I report to the trustees on my examinatlon of the financlal statements of Worksop Unlt 422 of The Sea Cadet Corps forthe year ended 31 March 2024. As the charity trustees, you are responslble for the preparation of the financial statements in accordan with the requirements of the Charitles Act 20111.the Act"}. I report in respect of my examinatlon of the accounts carried out under section 145 of the Act and in carrying out my examlnation, I have followed the applicable Directions glven by the Charlty Commlsslon under section 1451Sllbl of the Act. Independent examiner's statement I have completed my examlnatlon. I confirm that no material matters have come trj my attentlon In connertion with the examinatlon whlch glves me cause to believe that In, any material respect,, accountlng records were not kept in accordance with section 139 of the Act or the financial statements do not accord wlth the accountlng records I have no concerns and have come across no other matters In connettlon wlth the examinatlon to whlch attention should be drawn In order to enable a proper understanding of the financial statements to be reached. Signed Date (wol Acch Name Relevant Professional Qualifications Address: rch SEA CADETS Flnancial Statements Statement of receipts and payme47ts funds funds 2024 23 ecel Member Subscriptions Donations and Grant5 Hire of premises Other charitable activitles Interest Sub total (Gros5 Incomej 8.516 1225 6,150 8,626 135 24,652 8,516 6,225 6,150 8,626 135 29,652 5,000 5,704 1,539 5,823 21 20,177 Asset and Investment sales Sub total Totol recelpts 24.652 29.652 20.177 Pa Premises overheads Motoring costs Repairs and maintenance Other charitable overheads Sub totul 6,797 3,351 5,811 8,953 24912 6,797 3,351 10,811 8,953 29.912 9,989 2,015 805 3,908 16,717 s,o)o Asset and investment purchases Equipment Sub total 2,003 2,003 2,003 2,003 5,008 5,008 Totalpoyments 26.915 31.915 21.725 Net of recelpts/(ptiymentsJ Transfers between funds Cash funds last year end Coshfvnds thls yearend (2,263) 12,263) {1,548) 38A35 36,572 38.835 36,572 40,383 38,835 SEA CADETS ststement of assets and Ilabilities Cate Unrestrlcted Restrirted fund ash funds Bank and cash 36,S72 Total cash fvnds 36,572 Other monetary assets Total Other monetary assets Detalls Fund to which as et belon s Cost te Investment assets Total Investment assets Assets retalned for the ¢harit(s own use Premises (Freehold) Unrestrlcted 90,IXKI Boatingequlpment Unrestrirted 68,OIXI Minibus Unrestricted 18,OC Unit fixtures, fittln8s and equlpment Unrestricted 8,000 Total Assets retslned for the charws own use £184,000 Detalls Fund to whlch Amount due liabil. tional relates Llabllttie$ Total Ilablllties on behalf of all the trustees: Sl atur Lesley Holmes {Chairm3nl Paul Benton (Tre35urerl Date of Approval ................................... ..-.. SEA CADETS Notes Reserves Polic Cash reserves equal to at least 12 months operating expenditure Is retained within a deslgnated reserve for use in the event of unit closure or national emergerKy to ensure that the charity can continue to maintsin the property and equlpment. The freehold premise5 owned by the charity are in need of significant roof repair5 and designated funds have been set aside to finance this cost which 15 ex￿rted to be completed in the next financial year. The trustees consider on an ongoing basis the sufficiency of designated reserves in order to ensure that expected lar8e expenditure can be met from existln8 funds or to ensure that fundraisin8 artivitie5 are focussed in a timely manner. Designated reserves as at 31 March 2024- 2024 12.000 12,000 2023 10,000 11,0 Unit roof repair Operating expenditure Balance of unrestricted funds Total Unrestricted funds Valuation of Assets retained for the chari s own use Inwfficient information 1$ available on the historic cost of all assets held by the charity for its own use and the Trustees have used thelr best endeavours to estlmate these hlstoric costs.