Leeds Unit 424 of the Sea Cadet Corps
Charity number 523754
Annual Report and Financial Statements
for the year ended 31 March 2022
Leeds Unit 424 of the Sea Cadet Corps
Annual Report and Financial Statements
for the year ended 31 March 2022
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Examiner's report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the accounts | 7 to 8 |
Prepared by West Yorkshire Community Accountancy Service CIO
1
Leeds Unit 424 of the Sea Cadet Corps
Trustees' report for the year ended 31 March 2022
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Simon Dean Chair Sarah Prollins Secretary Resigned 15 December 2021 Paul Wray Treasurer Rev Alexander Buckley Liam Brook Zoe Corner Secretary Appointed 15 December 2021 Brian Haddington Appointed 14 March 2022 523754
Resigned 15 December 2021
Appointed 15 December 2021 Appointed 14 March 2022
Charity number
Registered in England and Wales
Registered and principal address
Leeds Sea Cadets Thwaite Lane Leeds LS10 1RN
Bankers
Lloyds Bank HSBC 15 Blackheath Village 33 Park Row Kidbrooke Leeds London LS1 1LD SE3 9LH
Independent examiner
Stephen Procter
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is governed by the standard Sea Cadet regulations.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
2
Leeds Unit 424 of the Sea Cadet Corps
Trustees' report (continued) for the year ended 31 March 2022
Objectives and activities
The charity's objects
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).
The charity's main activities
A cadet training centre based on the Leeds/Liverpool Canal near Thwaites Mill. One of 400 spread across the UK. We currently have 60 cadets trained by 15 volunteers.
Public benefit statement
The Unit Management Team (UMT) continue to give due regard to the public benefit provided by the Unit in relation to the charitable purposes of the Sea Cadet movement as set out in the activities and achievements outlined in this report. The aim is to promote the development of young people in achieving their physical, intellectual and social potential as individuals and responsible citizens in a safe environment. In order to achieve this the Unit takes young people from all backgrounds, including where possible those with disabilities and develops their skills and abilities by:
Regular and structured activities with a nautical theme.
Allowing young people to take part in activities connected with the wider Sea Cadet movement such as waterborne activities, events and competitions at district, area and national levels.
Availability of formal educational achievements whilst taking courses to earn badges and promotions. Contributions are kept low in order to ensure all those who wish to take part in the activities of the Unit may do so.
Achievements and performance
The unit returned to face-to-face training on the 15 April 2021 and apart from a few short periods of closure due to health and safety procedures to protect the whole unit after members reporting Covid-19 positive.
During the year the unit has continued with its refurbishment program in line with a central corporate image, and this is now nearly complete.
The unit is now an all-electric location after the removal of the LPG cylinder.
At the end of July 2021 CSgt (SCC) Liam Brook was appointed Office In Charge of the unit, additionally this was finalised to Commanding Officer in late January 2022.
The unit has continue to build on the face-to-face training, moving back to weekend events, although currently day run, but continuing to build on the cadet experience where possible.
Financial review
Net payments for the year were £3,610, all relating to unrestricted funds.
Reserves policy
The charity's free reserves at year end were £8,409.
The charity trustees' policy aims to maintain unrestricted reserves at a level equating to 3 months revenue payments in order to safeguard the Unit's ongoing activities from any unexpected fluctuations in income.
Approved by the board of trustees on 19/10/2022
Simon Dean (Trustee)
3
Leeds Unit 424 of the Sea Cadet Corps
Independent examiner's report to the trustees of Leeds Unit 424 of the Sea Cadet Corps
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022, which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2 the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stephen Procter
19/10/2022
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
4
Leeds Unit 424 of the Sea Cadet Corps
Receipts and payments account for the year ended 31 March 2022
| Notes 2022 Unrestricted funds £ Receipts Grants and donations (2) 14,128 Cadet contributions 4,452 Fundraising and special events - Sales receipts 1,284 Course fees 2,920 Rents and room hires 1,959 Other income 1 Total receipts 24,744 Payments Fundraising and special events costs - Catering 346 Training courses 2,285 Items for resale 1,127 Utilities 2,762 Printing, postage and stationery 1,777 Phone and broadband 432 Building maintenance 5,286 Boat maintenance 448 Vehicle maintenance 1,196 Other equipment maintenance - Insurance 3,081 Equipment and resources 7,760 Fuel and travel 532 Independent examination of accounts 396 Other expenses 926 Total payments 28,354 Net income / (expenditure) (3,610) Fund balances brought forward 12,019 Fund balances carried forward (3) 8,409 |
2022 Restricted funds £ 2,100 - - - - - - 2,100 - - - - - - - - - - - - 2,100 - - - 2,100 - - - |
2022 Total funds £ 16,228 4,452 - 1,284 2,920 1,959 1 26,844 - 346 2,285 1,127 2,762 1,777 432 5,286 448 1,196 - 3,081 9,860 532 396 926 30,454 (3,610) 12,019 8,409 |
2021 Total funds £ 26,123 1,558 3 19 - - 3 27,706 37 46 - - 2,218 8 564 20,714 - 904 112 2,709 - - 396 26 27,734 (28) 12,047 12,019 |
|---|---|---|---|
5
Leeds Unit 424 of the Sea Cadet Corps
Statement of assets and liabilities
| as at 31 March 2022 2022 Unrestricted £ Cash funds Lloyds Bank current account 2,245 Lloyds Bank savings account 5,916 HSBC current account - Soldo prepaid card 148 Cash in hand 100 Total cash funds 8,409 |
2022 Restricted £ - - - - - - |
2022 Total £ 2,245 5,916 - 148 100 8,409 |
2021 Total £ 1,683 9,775 84 380 97 12,019 |
|---|---|---|---|
Assets retained for the charity's own use
The Unit owns a number of assets which are currently valued approximately as follows:
| Land and buildings | £ 58,749 |
|---|---|
| Boats | 11,123 |
| Computers and other equipment | 7,552 |
| Liabilities Independent examination |
£ 396 396 |
|---|---|
The financial statements were approved by the board of trustees on 19/10/2022
Simon Dean (Trustee)
6
Leeds Unit 424 of the Sea Cadet Corps
Notes to the accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
7
Leeds Unit 424 of the Sea Cadet Corps
Notes to the accounts continued
for the year ended 31 March 2022
| 2 Grants and donations Sport England (Lottery) Leeds City Council Freemasons Other donations 3 Restricted funds Leeds City Council Fund name Leeds City Council |
2022 2022 2022 Unrestricted Restricted Total funds funds funds £ £ £ - - 10,667 2,100 12,767 2,000 - 2,000 1,461 - 1,461 14,128 2,100 16,228 Receipts Payments Transfers £ £ £ 2,100 2,100 - 2,100 2,100 - Purpose of restriction Towards equipment and work in the galley. |
2021 Total funds £ 3,500 19,431 - 3,192 26,123 Balance c/f £ - - |
|---|---|---|
4 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
8