Leeds Unit 424 of the Sea Cadet Corps
Charity number 523754
Annual Report and Financial Statements
for the year ended 31 March 2024
Leeds Unit 424 of the Sea Cadet Corps
Annual Report and Financial Statements for the year ended 31 March 2024
| 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
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Leeds Unit 424 of the Sea Cadet Corps
Trustees' report for the year ended 31 March 2024
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
Lisa Brunton Chair Duncan Summers Treasurer Christian Scheres Donald Beacroft Julie Squires Susan Hartup Secretary Jonathan Crewe Chair
Appointed 15 May 2024 Appointed 3 March 2023 Appointed 1 November 2024 Appointed 1 August 2024 Appointed 15 May 2024 Appointed 27 March 2023 Resigned 22 May 2024 Appointed 27 March 2023 Resigned 24 April 2024
Charity number
523754
Registered in England and Wales
Registered and principal address
Bankers
Leeds Sea Cadets Lloyds Bank Thwaite Lane 15 Blackheath Village Leeds Kidbrooke LS10 1RN London SE3 9LH
Independent examiner
Sarah Coates MAAT
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity was registered on 16 March 1965 and 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.
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Leeds Unit 424 of the Sea Cadet Corps Trustees' report (continued) for the year ended 31 March 2024
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 Thwaite's 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
Cadet numbers were steady, the previous year’s Energy Bills have been brought under control to a manageable monthly sum, a series of community events and fundraisers have been well attended by both Staff and Cadets establishing relationships with our local communities and generating much needed funds. We have secured some restricted funding to assist with the ongoing maintenance of the estate. Cadets have enjoyed a good year of boating and training activities and a the Unit Open Day was well attended affording opportunity to demonstrate our offering to the wider community.
Financial review
The net receipts for the year were £4,544, including net payments of £366 on unrestricted funds and net receipts of £4,910 on restricted funds.
Reserves policy
The charity's free reserves, at the year end were £6,801.
As a Minimum, we aim to hold 3 months liabilities in Reserve, equating currently to £2,500. Further targeted fundraising throughout the coming financial years ought to allow us to increase this to a more stable 6 months Reserve in the sum of £5,000 months (target for 2025 / 2026 financial year).
Approved by the board of trustees on 27/01/2025
Duncan Summers (Trustee)
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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 2024, 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 Charities Act; 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.
Sarah Coates MAAT
27/01/2025
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Leeds Unit 424 of the Sea Cadet Corps
Receipts and payments account for the year ended 31 March 2024
| Notes 2024 Unrestricted funds £ Receipts Grants and donations (2) 12,386 Fundraising and special events 3,326 Sales receipts 1,602 Course fees 1,610 Rents and room hires 480 Other income 69 Total receipts 19,473 Payments Fundraising and special events costs 804 Catering - Training courses 191 Items for resale 1,128 Utilities 10,105 Printing, postage and stationery - Phone and broadband 415 Building maintenance 2,009 Boat maintenance - Vehicle maintenance 173 Other equipment maintenance 793 Insurance 2,558 Equipment and resources 83 Fuel and travel 765 Independent examination of accounts 540 Bank charges - Unit contribution 100 Other expenses 175 Total payments 19,839 Net receipts / (payments) (366) Fund balances brought forward 7,167 Fund balances carried forward (3) 6,801 |
2024 Restricted funds £ 5,970 - - - - - 5,970 250 - - - - - - - - - - - 810 - - - - - 1,060 4,910 - 4,910 |
2024 Total funds £ 18,356 3,326 1,602 1,610 480 69 25,443 1,054 - 191 1,128 10,105 - 415 2,009 - 173 793 2,558 893 765 540 - 100 175 20,899 4,544 7,167 11,711 |
2023 Total funds £ 31,334 214 3,462 3,997 2,999 213 42,219 237 2,443 4,344 1,586 4,115 1,530 469 12,180 303 751 332 2,261 12,205 284 396 25 - - 43,461 (1,242) 8,409 7,167 |
|---|---|---|---|
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Leeds Unit 424 of the Sea Cadet Corps Statement of assets and liabilities
| as at 31 March 2024 2024 Unrestricted £ Cash funds Cash at bank 5,380 Cash in hand 1,421 Total cash funds 6,801 |
2024 Restricted £ 4,910 - 4,910 |
2024 Total £ 10,290 1,421 11,711 |
2023 Total £ 7,167 - 7,167 |
|---|---|---|---|
| Assets retained for the charity's own use Land and buildings Boats Computers and other equipment Liabilities Creditors Accruals |
2024 £ 1,000 567 1,567 |
|---|---|
The financial statements were approved by the board of trustees on 27/01/2025
Duncan Summers (Trustee)
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Leeds Unit 424 of the Sea Cadet Corps
Notes to the accounts
for the year ended 31 March 2024
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.
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Leeds Unit 424 of the Sea Cadet Corps
Notes to the accounts continued
for the year ended 31 March 2024
| 2 Grants and donations Lloyds Grant foundation HMR Ark Royal First Bus Unite the Union Leeds City Council Arnold Clark Marine Society & Sea Cadets The Liz and Terry Bramall Foundation Sir George Martin Trust Cadet donations Other donations 3 Restricted funds Balance b/f £ Lloyds Grant foundation - HMR Ark Royal - Unite the Union - First Bus - - |
2024 Unrestricted funds £ - - - - - - - - - 9,798 2,588 12,386 Incoming £ 5,000 400 250 320 5,970 |
2024 Restricted funds £ 5,000 400 320 250 - - - - - - - 5,970 Outgoing £ 490 - 250 320 1,060 |
2024 Total funds £ 5,000 400 320 250 - - - - - 9,798 2,588 18,356 Transfers £ - - - - - |
2023 Total funds £ - - - - 435 1,000 13,274 3,000 5,000 8,096 529 31,334 Balance c/f £ 4,510 400 - - 4,910 |
|---|---|---|---|---|
Purpose of restriction
| Fund name | Purpose of restriction |
| Lloyds Grant foundation | Towards the costs of equipment and a bench. |
| HMR Ark Royal | Towards the costs of a BBQ and equipment. |
| Unite the Union | Towards the costs of a Christmas meal for the cadets. |
| First Bus | Towards the costs of a Gazeebo |
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.
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