KENNETH MCEWAN REID Accountancy and Taxation Practitioners kmreid@tiscali.co.uk 9 Berllan Deg Aberaeron Ceredigion SA46 OEH 01545 570977 26th Janwry 2026 Th¢ Charity Commissioners 9th Floor. Ministy of Justirx 102 Petty France London SWI19AJ Aberystwyth Unit 411 of the Se8 Cadet Corps Charity Number: 523851 Independent Examination of the above-Named Charities Accounts for the year ending 31 Mar¢h 2025. st i. Charity is eligible to have an Independent ExaminatiotL 2. There is no confiict of interest. 3. 1 have checked the Accounting Records and have found them to have been kept to the requir¢d sthndard and they re consistent with the A¢counting Records. 4. Th¢ Accounts have not been prepared on an accruals basis. 5. The Accounts has ￿sed no estinthtes or l]as had to make any judgments 6, Th¢ Accounts were seen and agreed by the tn]stees at the ACJM and found ther¢ to b¢ no financial Considerations to pursue. 7. 1 was satisfied with the forni and content of the Accounts and found there to be no items that n¢¢ded further explanations nor any need for follow up. 8. The trustees Annual Report is consistent with the Accounts. Charity Commission Signed: Kenneth McEwan Reid 2 9 JAN 2026 Received Trustees, annual report forthe period Charity name.. Aberystwyth Unit 411 ofthe Sea Cadet Corps Charity No.. 523851 Period start date 1. April 2024 Period end dsle 3151 March 2025 Summary of the purposes of the charity as set out in its governing document The charitable purpose of the Unit (the Purpose) is to promote Ihe 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 ol the Marine Society & Sea Cadets (MSSC). What the charity does: Educationltraining Amateur Sport Recreation Who the charity helps: Childrenlyoung People How the charity helps.. Provides Human Resources Where Ihe charity operates.. Ceredigion Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. The Sea Cadets meet on 2 evenings per week. They partake in various sorting activities particularly rowing, power boating, sailin& canoeing and swimming. They also receive training in first aid, catering, IT skills, drill etc. In addition to the evening meeting5 cadets EO away for weekend training and competitions. Cadets also have the opportunity to partake in longer periods of offshore training Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit.. The trustee5 have regard to the guidance issued by The Charity Commission and all receive the Commission's updates. reference Review of the charitVs financial position at the end of the period. The financial position of Abery5twyth Sea Cadets is very healthy mainly due to a donation of £20,000 from the sale of the assets of Aberystwyth Naval Club following its dissolution. Thi5 more than made up for the disruption to hjnd raising activities caused by the need to prioritise the continuity of the young people's activities. Statement explaining the policy for holding reserve5 Stating why they are held. Our policy is to maintain a reserve which is sufficient to keep the unit ticking over in the event of some major disruption along the lines of covid. Amount of reserves held Under current conditions we consider £8000 to be a reasonable reserve. In addition to the reserve we are hoping to improve and extend our boat storage. Negotiations are at an early stage so what we will be able to achieve 15 uncertain but we want to have sufficient funds if and when an opportunity arises. Reasons for holding zero reseNes. NIA Details of fund materially in deficit None Explanation of any uncertainties about the charity continulng as a going concern No foreseeable uncertainties. Description of charity's trusts: SORP reference Type of governing document Aberystwyth Sea Cadet Corps was founded in 1964. If a governing document was written at this time I do not have it. How is the charity constituted? Aberystwyth Sea Cadet5 is a charity in its own right but it is one unit of the Sea Cadet Corp5 and we operate in accordance with its rules. Our activities are subject to their ongoing overall scrutiny with an annual formal inspection. Trustee selection methods includlng det2ils of any constitutional provisions e.g. election to post and any wider network with which the charity works- The activities of the Sea Cadets is overseen by the Unit Management Team. The UMT comprises the trustees, officers, volunteer representstives and parent representative. Trustees are approved by the UMT. As noted earlier the Aberystwyth unit operates within the umbrella organisation the Sea Cadet Corps. Charity name.. Aberystwyth Unit 411 of the Sea Cadet Corps Other name the charity uses.- TS Cardigan Bay Registered charity number 523851 Summary of the main achievements of the charity, identifying the difference the charivs work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. In addition to the day to day activities listed earlier here is a part of the Officer IC (Goncalo Dias), report to the AGM.. 'Our Unil numbers have also grown, last vear we had 22 Cadets on board and I am happy to report we now have 33 cadets on board and a total of 22 Adult Voliinteers (20 last year) so a giant growtli and with many more eiiquii'iniy we see this number further increasing for next year. We have provided a large number of training activities over the last year and cadels have attended an increasing number of district eekends and area courses. We have run: for the first time in 6 years, a basic catering coiirse. Althoucyli our boating hasn't been strong. we have aim5 and actions in place to increase the delivery and qualiticatioiis this boatini7 season. In total last year we completed 12 hours of boating and we alread), have 9 hours just from the last 3 boating sessions. We have continued our reach within the community. including attending i'ernembi'ance day and the recent VE-Day celebrations as well as othei. community events (as an example, we attended the recent Race for Life and w'ere tasked with handing out water ￿}d medals at the fiiiish line). Sornething thal could be considered smaIl was a big help and support to the event organisers which was also not¢d by members of the public. The next year looks to be an exciting year with new cadets, voIuTLteei's and opportunLties coming up for us.. ##Additional information (optional) During the financial year the unit had the misfortune of suddenly losing its Officer in charge. Maintaining continuity of our activities without impacting the cadets was accordingly the main priority of the trustee5 and other members of the Unit Management Team. Here is part of the Chairman'5 report to the AGM: 'This is my first AGM as Chair having taken over from Peter Norrington-Davies at the last AGM. Yhaiie been in post for just 12 months and I have to say, it's been a pleasure to serve the Unit, ITOM having the most supportive and experienced team ihal, I would say are our unsung heroes fiDm the Vice-chair. John, the Treasurer, Bernard, to the Secretary, Fiona and all the uniformed team, l am happy to say, that from what I've witnessed over the last 12 months, the Unit is not only surviving but moving from strength to strength. The inosl significant i*m this last year was losing Lawrence Biirke as OIC. We wish him well for the future but this left a gap. We would like to take this opportunity to thank Lt Cdr Will Elliot ￿ld his team who immediately stepped in and regularly travelled here to Aberyst￿1h, to ensui-e the Unit could continue uninterrupted. After an application process and a 6-Inonth probation period supported by Lt Cdr Will Elliot, the Unit Management Teani unaniniously voted to recommend Goncalo Dias for the pern]anent promotion lo Oic and subsequent promotion to CO. We have seen him embi'ace the post with passion and commitment. On that note, the Committee has been impressed by the level of activities and individual progress and a¢hiei'ements of oiir cadets over the lasi 12 months, I'm sure we will hear more on this. Charity's principal address-. Aberystwyth Sea Cadet Corps T A Centre Park Avenue Aberystwyth Ceredigion SY23 1 PG Names of the charity trustees who manage the charity l Huw Richard Roberts Chairman Appointed 22 May 2024 2 Evan Johii Davles Vice Chairman Appointed 7 October 2024 3 Gon¢alo Aiala Dias Officer in charge Appointed 7 October 2024 4 Fiona Jones Secretary Appointed prior to l April 2024 5 Bernard Leslie Taylor Treasurer Appointed prior to l April 2024 The following trustees resigned over the course of the year: Peter Norrington Davies Lawrence Burke John Mleczec The trustees declare that they have approved the tru5tees' report above. Signed on behalf of the charivs trustees Signaturelsl Full namelsl Position leg Secretary,Chair, etclDate &oNCcLLo Caramelo Qi&lo Dio Illoi i L6 CofThThiAhJ DINA offiteML TYLvsteL iokJA la i Jzo?6 OHJ Aklics 261.,12.,. CrP•(iMpTrJ . & (Eo5J >A oÉ&+. Charity Commi554Th1 IER 12 FEB 2026 October 2018 Received (i} Carried forward Bank Cash Deposit alc Total plus re￿Ipts 12893.5 410.38 9394.23 22698.11 25871.38 48569.49 10424.21 38145 28 Bank re￿ip1S Cash receipts Dep AIC receipts 21974.81 1316.57 2580 25871.38 Bank payments Cash payments 9224.39 1199.82 10424.21 Less paymente balance 1.4.25 cash current a deposit ac 527.13 25643.92 11974.23 38145.28 Carried forward 1.4.24 Current account Cash Deposit account ments Admin Bank charges Boating Broadband Equipment Events Insurance Misc Rent Sundries Training Travel Uniform Unit fee Victualling 12894 410 9394 22698 25871 48569 10424 38145 71 1188 486 623 415 446 236 804 66 3234 2156 340 250 83 10424 plus receipts Less payments Balanee a131.3.25 Represented by Cash Current account Deposit account 527 25644 11974 38145 Donations RNA Gordon Smith Chip shop Hub 20000 2580 90 Recei Donations Events Interest MSSC grants Parents, donatior¢s Sale of assets 22673 D 323 C 871 1 914 C 900 D 190 C 25871 22673 Donations Charity activities Investrnent5 1