## 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