## **Scarborough Sea Cadets AGM** ## **9 October 2025** ## **Treasurers Report** Please find attached the Treasurer's Report for the Annual General Meeting on October 6, 2025. For the year ending 2025, we are reporting a profit of -£11,735.00. While this is a negative figure, it represents a very good scenario considering that £22,500.00 was spent on one-off building costs this year. I believe this bodes well for the unit's future income once the building works are complete. Following a significant increase in expenses for the 2023-2024 financial year, the cost of travel and accommodation this year has decreased by approximately £500. I speculate this is due to the stabilisation of fuel prices. Fixed utility costs have risen by approximately £300 for the year. We continue to seek the best deals to help manage these costs, but prices are still increasing, and we can anticipate larger bills this winter. Donations made to ringfenced funds, such as for the barge trips on Thalatta and the Pelican, are comfortably covering the costs for our cadets to attend these voyages. Donations to the band are also ensuring our musicians have instruments, and the band continues to thrive! Overall, we are doing incredibly well in maintaining momentum to raise funds for both the building and, importantly, to continue providing our cadets with valuable skills, qualifications, and life experiences. If anyone would like to speak with me about specific pots of money, funding grants, or a full breakdown of the cadet accounts, please feel free to contact me. Thank you for your continued hard work! ## Scarborough Sea Cadets ## Financial Activities ## April 2024 - March 2025 ||TOTAL| |---|---| |Income|| |2-0000 Cadet Donations (Subs)|12,986.40| |2-0000 Cadet donations Camp|2,262.46| |**Total 2-0000 Cadet Donations (Subs)**|**15,248.86**| |2-3000 Charitable activites|17.56| |2-3001 Local Giving|542.69| |2-3002 - Christmas Raffle|10.00| |2-3002 Easter Raffle|645.00| |2-3002 Pancake Day|250.00| |2-3003 Donations|3,938.07| |2-3007 TRAFALGAR|2,033.50| |2-3008 P&F Fundraising|1,564.00| |**Total 2-3000 Charitable activites**|**9,000.82**| |2-4000 Sales|17.51| |2-7000 Uniform Income|1,450.50| |2-7001 - logbook income|59.79| |**Total 2-7000 Uniform Income**|**1,510.29**| |2-9000 Parking Fees|6,666.00| |Contra|0.50| |MSSC Income account|400.00| |Restricted funds|| |2-3005 - D of E donations|500.00| |Donations (restricted funds) building works|10,920.96| |Kayak (Restricted)|-0.01| |Restricted funds - barges, voyages, trips|28,258.75| |Safety Boat (restricted)|445.25| |Sea Cadet Band inc (restricted)|1,345.00| |**Total Restricted funds**|**41,469.95**| |**Total Income**|**£74,313.93**| |GROSS PROFIT|**£74,313.93**| |Expenses|| |1-1000 Travel and Accommodation|3,635.82| |1-1001 Beerhouse Hire car/Van|3,102.67| |1-1002 Fuel|5,720.15| |**Total 1-1000 Travel and Accommodation**|**12,458.64**| |1-1100 Maintenance and Equip|7,852.22| |1-1100 Cleaning|497.77| |Building Repairs & Maintenance|2,327.35| |**Total 1-1100 Maintenance and Equip**|**10,677.34**| |1-2000 Utilities|2,646.97| |1-2002 EON / N Power / Electric|3,789.85| |1-2003 Utilities Opus Power|2,629.98| |Council Tax|1,001.42| |**Total 1-2000 Utilities**|**10,068.22**| **1/2** **Accrual Basis Monday, 29 September 2025 02:57 pm GMT+01:00** ## Scarborough Sea Cadets ## Financial Activities ## April 2024 - March 2025 ||TOTAL| |---|---| |1-3000 Computer Costs|42.34| |1-4000 Insurances|6,284.99| |1-5000 Office/General Administrative Expenses|20.00| |1-6000 Phone Costs|547.92| |1-7000 Other Professional Services|1,814.72| |1-8000 Printing, Postage and Stationery|1,126.50| |1-9100 MSSC Courses|-2,207.79| |1-9101 Training Other|-200.00| |Marines Gib Cup|-200.00| |**Total 1-9101 Training Other**|**-400.00**| |1-9102 Computer Zoom Training|506.42| |1-9200 Uniform Costs|5,908.85| |1-9300 Equipment Costs|462.86| |1-9400 - provisions (food etc)|1,539.90| |Bank Charges|135.74| |Restricted Funds Expenses|| |1-9101 D of E training|-30.50| |Band (Restricted) expenses|2,261.34| |Expenditure (restricted funds) Barge Trips|15,500.56| |Expenditure (restricted funds) building works|22,581.25| |**Total Restricted Funds Expenses**|**40,312.65**| |**Total Expenses**|**£89,299.30**| |NET OPERATING INCOME|**£ -14,985.37**| |Other Income|| |2-7000 Grant Income|1,250.00| |Grants (restricted funds) Building Works|2,000.00| |**Total 2-7000 Grant Income**|**3,250.00**| |**Total Other Income**|**£3,250.00**| |NET OTHER INCOME|**£3,250.00**| |NET INCOME|**£ -11,735.37**| **2/2** **Accrual Basis Monday, 29 September 2025 02:57 pm GMT+01:00** Inde ndent Examination Re rt for Scarborou Year ended 31 March 2025 h Sea Cadets I have examined the attached accounts for the year ended 31 March 2025 as shown in the financial activities reporL I certify that the accounts are consistent with the currentsea Cadet Regulations and that the conduct of the audit fulfilled the requirements set out by the Charity Commission in its guidance on the content of an independent examination. In my opinion, these accounts are in accordance with the unit books and show a true and fairview of the results forthe yearandthestste of affairsat31 March 2025. Signature: Independent Examiner Date: