SEA CADETS ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 WORKSOP UNIT 422 OF THE SEA CADET CORPS Worksop Sea Cadets TS BENTINCK Gateford Road Worksop Nottinghamshire S80 1TY Worksop Unit 422 of the Sea Cadet Corps is a charity registered in England 522331 SEA CADETS CONTENTS Trustees Annual Report Achievements and Performance: Chairman's Report Commanding Officer's Report Treasurer's Report Independent examiner's Report Financial Statements Statement of receipts and payments Statement of assets and liabilities Notes SEA CADETS Trustees, Annual Report for the period From 1 April 2024 to 31 March 2025 Trustees Lesley Holmes {Chairman) Paul Benton Sam Bloomfield David Bacon {resigned 30 June 2025) Charity Constitution The charity is an unincorporated charitable organisation operating under the 2017 edition of the Sea Cadet Standard Constitution approved by the Marine Society & Sea Cadets {MSSC} Council, which was adopted by the charity on 13 November 2017. Objectives and Activities The charitable purpose of the Unit (the Purpose) is to promote the development of young people in achieving their physical, intellectual and social potential as individuals and as responsible citizens by the provision of education and leisure time activities using a nautical theme and in accordance with the principles, ethos and practices of the Marine Society & Sea Cadets (MSSC). In furtherance of the Purpose, the Unit offers young people a structured environment in which to develop, provides access to education and training including {but not restricted to): sailing (inshore and offshore), paddle sports, power boating, seamanship, navigation, marine engineering, cooking, music, first aid, drill, piping, and public service The unit provides opportunities for young people to obtain a range of qualifications and provides opportunities for community involvement. When making decisions regarding the delivery of the charities objectives the Trustees have had due regard to the commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant. Additional Informatlon The Trustees would like to thank all the volunteers who have devoted their personal time and not insignificant effort into making the Unit a success and for providing such valuable education and support to local young people and helping shape their live5 for the better. SEA CADETS Achievements and Performance Chainnan's Report Over the last twelve months we have stayed steady with a small but proactive Unit Management Team {UMT) which we are looking to expand over the coming year to enable us to deliver more opportunities to the Cadets. During the year we managed to secure some funding which allowed us to make some critical roof repair5 which has allowed the UMT and other uniformed volunteers to begin work on other internal cosmetic repairs and upgrades to classrooms and to the main deck area creating a bright and vibrant learning environment. The UMT are working towards an updated building action plan to enable future upgrades to be prioritised appropriately. Whilst the building maintenance and repairs a￿ a safety priority for the UMT, we are also committed to investing in assets to be able to widen the activities available at our unit for the benefit of the cadets. During this year we specifically added to our camping and outdoor equipment and improved the safety of our sailing vessels with the addition of mast floats. As a UMT, and certainly as Chairman, we are encouraged that so many cadets are taking advantage of so many different opportunities. We have had continued success in the drill and rowing competitions where our cadets made a really positive impact regionally and nationally in their performances and behaviour. I, along with the rest of the UMT are looking fonvard to the next 12 months. As a UMT we are continually seeking opportunities to apply forgrants and funding to be able to carry out further maintenance and refurbishment on the building and further improve and expand upon the equipment available to our cadets. We are looking fonNard to celebrating our 80th year in 2025 and showcasing Worksop as a strong Sea Cadet unit and an asset to the local community. My final thoughts to close out a fantastic year of achievements are to thank all the volunteer5 throughout the unit for their unwavering support and enthusiasm who have all contributed to the successes that we have achieved. SEA CADETS Commanding Officerfs Report The past 12 months have marked an extraordinary period in the history of Worksop Sea Cadet Unit, as we th celebrated our 80 anniversary, an incredible milestone reflecting eight decades of service, development, and dedication to our local community and the Sea Cadet Corps. We have proudly upheld our reputation for high standards across all areas of cadet training and conduct. Our commitment to excellence was most clearly demonstrated at the District Regatta, where we achieved a clean sweep in the rowing racin& winning every category and being named Overall Winning Unit. The Junior Girls team went on to win 1st place at the Area Regatta. At the Area Sailing Regatta, our cadets also achieved a strong 3rd place in the RS Quest Open, underscoring our capability on the water. Our ceremonial and national representation this year has been exceptional. We achieved 4th place in the Colour Party at the National Drill and Piping Competition, while cadets represented Eastern Area with pride and professionalism at the reinterment of Captain Matthew Flinders. Closer to home, we supported the Cancer Research UK Race for Life, demonstrating our ongoing commitment to community service. As part of our 80th anniversary celebrations, we were deeply honoured to be nominated by the Royal British Legion for the Freedom of the Borough of Bassetlaw, an extraordinary recognition of our long-standing contribution to the district. If granted, it is proposed that this honour will be marked with a fomial parade and ceremony, in conjunction with our hosting of the District Trafalgar Parade this October, a truly significant event that will bring together cadets, veterans, civic leaders, and the wider community. Cadet development remains at the heart of what we do. One cadet was promoted to Cadet Sergeant and another to Leading Cadet, highlighting our emphasis on leadership and progression. Eight cadets took part in offshore voyages this year, gaining life-changing experience and confidence. The unit ha5 a150 welcomed four new CFAVS, two transitioning from cadet roles and two transferring from Thorne Unit, further strengthening our adult volunteer team. Our frequent and successful training weekends continue to build cadet capability in core areas. Looking ahead, we are excited to be acquiring a mountain biking pod. With three fully qualified MTB instructor5 in the unit, we now have the capacity to deliver adventurous training and expedition preparation more 5elf- sufficiently and extend opportunities to others in the district. As we reflect on 80 years of service, Worksop remains a vibrant, forward looking unit. We are immensely proud of our Cadets, grateful to our dedicated volunteers, and excited about the year ahead, a yearthat promises to combine celebration, recognition, and continued achievement. SEA CADETS Treasurevs Report During the year to 31 March 2025 income of the Unit increased by £14,845. This increase in charitable income was generated as a result of an increase in Cadet numbers to 59 {2024: 531, an increase in funding from events and course fees and increased grants for specific projects over the course of the year. Cadet subscriptions remained frozen at the 2024 subscription rate to aid parents and carers who are already suffering high costs of living and inflation pressures in order to ensure that the Unit could continue to provide reach even the most vulnerable in society. The Trustees have invested a large amount of resenies in the upkeep and improvement of the Unit facilities again this year and it is with great thanks to the East Midlands Reserve Forces & Cadets A550ciation, The Freemasons of Bassetlaw and The Marine Society & Sea Cadets for their generous donations that assisted us in making these vital improvements. Durin8 the year we received donations from Robert Fox and Nottinghamshire County Council as th contributions towards our 80 anniversary celebrations. These funds have been invested for use during the upcoming celebratory events; preparations for which are well underway. We are delighted to have continued our hire agreement with the Aspire and Achieve Foundation for their delivery of youth programmes from our Unit. Not only does this provide us with a welcome additional source of finance but also helps us to forge fantastic connections with other organisations supporting young people and the local community as a whole. Following our registration as a Gift Aid qualifying charity we have begun to receive donations from Gift Aid qualifying donors. This is being more widely advertised to donors in the hope that uptake is increased. The financial year to 31 March 2025 reports a financial deficit of £1,720. Although the Trustees are striving to ensure that the Charity at least breaks even each year, this deficit can be explained by the large investment into the Unit maintenance and equipment during the year, and a freeze on cadet subscriptions. Looking ahead to the next 12 months there will be ongoing financial challenges in ensuring that all ongoing property maintenance can be adequately funded through charitable activities and the fundraising efforts of the Unit Management Team. The Trustees are of the opinion that the forthcoming year will see the Unit go from strength to strength and continue to increase Cadet numbers and widen our influence on the local community. The trustees declare that they have approved the trustees. report above. Si nedb on behalf of all the trustees: Si nature Lesley Holmes {Chairman> Date of Approval ........ SEA CADETS Independent examiner's report Responslbilities and basis of report I report to the trustees on my examination of the financial statements of Worksop Unit 422 of The Sea Cadet Corps for the year ended 31 March 2025. As the charity trustees, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ( the ACV). I report in respect of my examination of the accounts carried out under section 145 of the Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(51{bl of the Act. Independent examlnerfs statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: accounting records were not kept in accordance with section 130 of the Act or the financial statements do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Signed Date Name Relevant Professional Qualifications Address: l JTh)v DRI SEA CADETS Financial Ststements Statement of receipts and payments - Year to 31 March 2025 Unrestrirted Restricted Total funds Last ear funds funds 2025 2024 Member Subscriptions Donations and Grants Hire of premises Other charitable activities 13,534 749 13,534 10,549 7,500 11,664 336 914 8,516 6,225 6,150 8,626 135 9.800 7,500 11,664 336 914 Interest Gift Aid Sub total (Gross income) 34.697 9,800 44A97 29,652 Asset and investment sales Sub total Total receipts 34,697 9,800 44,497 29,652 Pa ments Premises overheads Motoring costs Repairs and maintenance Other charitable overheads Sub total 9,314 3,896 10,636 11,708 35,554 9,314 3,896 18,936 11,708 43,854 6,797 3,351 10,811 8,953 29,912 8,300 8,300 Asset and investment purchases Equipment Sub total 2,363 2.363 2,363 2,363 2,￿3 2,￿3 Total payments 37.917 8.300 46.217 31.915 Net of recelpts/(payments) Transfers between funds Cash funds last year end Cash fvnds thls year end 13,220) 1.500 (1.720) 12,263) 36,572 33.352 36,572 34,852 38,835 36,572 1,5CM) SEA CADETS Statement of assets and liabilities Cate ories Detsils Unrestrirted funds Restricted funds Cash funds Bank and cash 33,352 1,500 Total cashfunds 33,352 1,5 Other monetsry assets Totsl Other monetsry assets Details Fund to which asset belon Cost Estimated Investment assets Total Investment assets Assets retained for the charitys own use Premises (Freehold) Unrestricted 90,000 Boating equipment Unrestricted 68,450 Minibus Unrestricted 18,000 Fixtures, fittings and other equipment Unrestricted 9,913 Total Assets retalned for the chariWs own use £186,363 Details Fund to which Amount due lonal relates Liabilities Total Ilabillties ned b on behalf of all the trustees: Sl nature Lesley Holmes {Chairman) Paul Benton (Treasurer) Date of Approval ...... SEA CADETS Notes Reserves Polic Cash reseNes equal to at least 12 months operating expenditure is retained within a designated reserve for use in the event of unit closure or national emergency to ensure that the charity can continue to maintain the property and equipment. The freehold premises owned by the charity are in need of ongoing maintenance, and designated funds have been set aside to finance these costs which will be conducted as soon as possible. The trustees consider on an ongoing basis the sufficiency of designated reserves in order to ensure that expected large expenditure can be met from existing funds or to ensure that fundraising activities are focussed in a timely manner. During the year to 31 March 2025 a significant roof repair was undertaken which allowed for a reduction in designated funds for Unit repairs moving forward. Desi nated Unrestricted funds as at 31 March 2025: 2025 9,000 12,000 2024 12,000 12,CMJO Unit repairs Operating expenditure Balance of unrestricted funds Total Unrestricted cash funds Restricted funds: 2025 2024 80th Anniversary event grants Totsl Restricted cash funds £1 Valuation of Assets retained for the charit s own use Insufficient information is available on the historic cost of all assets held by the charity for its own use and the Trustees have used their best endeavours to estimate these historic costs; otherwise assets are reflected at Cost.