Milford Haven Sea Cadets & Royal Marines Cadets Annual Report 2024-25
## **Milford Haven Unit 543 Of The Sea Cadet Corps**
**Report and Receipts and Payments Accounts**
**31st March 2025**
The Charity Registration Number is: 524442
1
SEA
CADETS
Milford Haven Sea Cadets
& Royal Marines Cadets
Annual Report
2024-25
4RRIFR
MILFORD HAVEN
Milford Haven Sea Cadets & Royal Marines Cadets Annual Report 2024-25
## **Trustees' Annual Report for the year ended 31 March 2025**
The Trustees present their Report and Accounts for the year ended 31 March 2025
## **Reference and administrative details**
## **1. The charity name**
The legal name of the charity is: Milford Haven Unit 543 Of The Sea Cadet Corps.
The charity is also known by its operating name, Milford Haven Sea Cadets & Royal Marines Cadets.
## **2. The charity's areas of operation and UK charitable registration.**
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 524442.
## **3. Legal structure of the charity**
The charity is constituted as an unincorporated charity, established by a written constitution. The governing document of the charity is the written constitution approved by the members and endorsed by the Charity Commission in England & Wales (CCEW).
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The trustees are all individuals. Trustees are appointed or re-appointed at the Annual General Meeting each year.
## **4. The principal operating address is:**
Milford Haven Sea Cadets & Royal Marines Cadets,
Unit A,
Haven’s Head Business Park,
3
Milford Haven Sea Cadets & Royal Marines Cadets Annual Report 2024-25
Milford Haven,
Pembrokeshire, SA73 3LD.
## **5. Trustees**
Cllr Colin Sharp (Chair)
Lieutenant (SCC) Aled Davies MNI RNR (Commanding Officer) _– Resigned February 2025_ Mr Ian Spice (Vice Chair)
Mrs Dawn Garland (Secretary)
Mrs Victoria Hadlich (Parents and Supporters Association Chairperson)
Chaplain (SCC) Rev. Hannah Karpaty RNR _– Resigned December 2024_ Mr Wayne Jarrett Mrs Bethan Spice Cllr Aiden Brinn JP Mr David Lockwood
_Co-Opted during the FYE:_
Mrs Sharon Jenkins _(May 2024)_
## **Objects and activities of the charity**
## **6. Events and charitable activities for the public benefit**
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),
In planning our activities, we keep in mind the Charity Commission’s guidance on public benefit at our trustee meetings.
## **Achievement and Performance**
## **7. Charitable activities**
Throughout this financial year, the Unit has continued to growth from strength to strength with an increase in both cadet numbers and adult volunteers. This is testament to the invaluable work and
4
Milford Haven Sea Cadets & Royal Marines Cadets Annual Report 2024-25
effort being expended by our dedicated trustees and instructional volunteers into making Milford Haven Sea Cadets & Royal Marines Cadets, a leading youth organisation within our community.
We have seen our young people take part in many different activities throughout our community such as events, services and parades. We also take great pride in our outdoor activities, which give our young people the chance to gain qualifications from various awarding bodies such as the Royal Yachting Association, Paddle UK and British Rowing.
Over the financial year we have received various grants throughout the year that have helped us progress with developing the unit infrastructure, including the development of the STEM/Marine Engineering workshop, although more work is required!
This year the unit achieved a Pennant efficiency award, which sadly means we have decreased in the scale but are working hard to return to a Burgee standard this year. Despite not meeting some of the objectives and aims of the Sea Cadet Experience set by the National Support Centre, the Unit still achieved great results with cadet achievements, including a Mayor’s Cadet and two new Leading Cadets.
A huge thank you to our outstanding adult volunteers from the team of trustees to our uniformed and non-uniformed instructional volunteers, who throughout the year give their time to develop our amazing cadets and charity.
## **8. Financial Review**
The Statement of Financial Activities for the year shows Total Receipts of £118,955 and Payments of £114,574, giving a net increase in funds of £4,381. Payments include £63,773 spent on equipment and fixtures and fittings, which increases the Charity’s assets and will be used over a number of years.
The Charity holds sufficient reserves and has enough funds set aside to ensure that the Unit can run for at least 6 months without any additional monies coming forward. At 31 March 2024 the Charity held £6,938 in unrestricted funds at the bank and in cash.
## **9. Statement of the Trustees' Responsibilities**
5
Milford Haven Sea Cadets & Royal Marines Cadets Annual Report 2024-25
The Trustees are responsible for preparing the trustees' report and the financial statements in accordance with the Charities Act 2011. The Trustees have elected to prepare accounts on a receipts and payments basis under section 133 of the Act. The accounts are a factual report of cash transactions in the reporting period.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees also have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and other irregularities.
## **10. Details of The Independent Examiner**
John Hadfield
Narberth
Pembrokeshire
This report was approved by the board of trustees on DD of MONTH 2025
SIGNATURE
Cllr Colin Sharp
Chair
6
Milford Haven Sea Cadets & Royal Marines Cadets Annual Report 2024-25
## **Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2025**
I report to the charity trustees on my examination of the accounts of the Milford Haven Unit 564 Of the Sea Cadet Corps for the year ended 31 March 2025.
## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**
As the charity's trustees of Milford Haven Unit 564 Of The Sea Cadet Corps 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 Milford Haven Unit 564 Of the Sea Cadet Corps accounts carried out under section 145 of the 2011 Act and 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, Report and Opinion**
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 Milford Haven Unit 564 Of The Sea Corps 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.
Signed:
## Name: John Hadfield
Relevant professional qualification or membership of professional bodies (if any) – AAT Level 3
Address - _Full address available on request_
This report was signed on on DD of MONTH 2025
7
SEA
CADETS
Milford Haven Sea Cadets
& Royal Marines Cadets
Annual Report
2024-25
4RRIFR
MILFORD HAVEN
## Milford Haven Sea Cadets & Royal Marines Cadets Annual Report 2024-25
## **Statement of Financial Activities for the year ended 31 March 2025**
All funds are unrestricted and shown to the nearest £.
|A1
A2
A3
A4
A5|**Section A: Receipts and Payments**
**2025**
**£**
**Receipts**
Donations and Contributions
13,280
Grants
53,616
Fundraising Proceeds & Events
3,102
Course Fees
902
Travel Expenses Refund & Hosting Contributions (MSSC)
13,752
Tuck Shop, Certificates and Polo Shirts (Sundry Sales)
4,164
RYA Publications
447
Interest on deposit account
58
Property Hire
5,158
_Sub total - gross income_
**94,279**
**Asset and investment sales**
Receipts from sale of assets and insurance receipt
**1,300**
_Sub total_
**1,300**
**_Total Receipts_**
**95,779**
**Payments**
Fundraising or Special Events Costs
0.00
Goods for Resale (Tuck Shop etc)
719
RYA Publications
439
Competition costs, Travel and Training Courses
12,505
Training Equipment
1,596
Premises Costs (Utilities)
9,425
Insurance Costs
5,379
Administrative Costs (Printing & Stationery)
55
Boats and Maintenance Costs and Fuel Costs
3,621
Vehicles and Maintenance
2,490
Bank Charges
0
_Sub total_
**36,229**
**Asset and investment purchases**
Equipment
2,680
Fixtures and Fittings (inc. Maintenance)
50,316
_Sub total_
**52,996**
**_Total Payments_**
**89,225**
**_Net (Receipts - Payments)_**
**6,554**
Transfers between funds
0
Cash funds at end of previous year
8,103|**2024**
**£**
9,587
81,967
3,504
3,221
11,397
4,456
0.00
277
4,716|
|---|---|---|
|||**118,855**|
|||**100**|
|||**100**|
|||**118,955**|
|||1,818
4,137
0
13,102
12,825
14,207
4,454
58
7,299
3,069
36|
|||**61,005**|
|||2,620
50,949|
|||**53,569**|
|||**114,574**|
||||
|||**4,381**|
|||0
3,722|
9
Milford Haven Sea Cadets & Royal Marines Cadets Annual Report 2024-25
A6
_**Cash funds at year end**_ **12,484 8,103**
## **Section B: Assets and Liabilities at the year end**
|B1 **Cash funds: bank and cash**
B2 **Other monetary assets**
B3 **Investment assets**
B4 **Assets retained for the charity’s own use**
Assets currently insured:
Equipment & Boats
Fixtures & Fittings (Buildings)
Total
B5 **Liabilities**|**2025**
**£**
**12,484**
**0**
**0**
Cost
**£**
412,495
780,000
**1,192,495**
**0**|**2024**
**£**
**8,103**
**0**
**0**
Cost
**£**
336,394
763,000|
|---|---|---|
|||**1,099,39**
**4**|
|||**0**|
The financial statements were approved by the Board of Trustees and authorised for issue on DD of MONTH 2025 and were signed on its behalf by:
## SIGNATURE
Cllr Colin Sharp
Chair
## **Notes to the Accounts for the year ended 31 March 2025**
10
Milford Haven Sea Cadets & Royal Marines Cadets Annual Report 2024-25
## **1. Accounting policies relating to the production of the accounts.**
## **Basis of preparing the financial statements**
The accounts have been prepared on the receipts and payments basis in accordance with section 133 of the Charities Act 2011. The accounts are a factual report of cash transactions in the year and a statement of assets and liabilities at year end.
## **Assets - Equipment and Fixtures & Fittings**
For simplicity, only the cost of Equipment and Fixtures & Fittings currently insured and retained for the Charity’s own use is shown on the statement. The Unit maintains an inventory of assets for insurance purposes.
## **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 can only be used for particular restricted purposes. The Charity’s funds are all unrestricted.
## **2. Salary costs and emoluments**
There were no employees during the year.
## **3. Remuneration and payments to Trustees and persons connected with them**
No trustees or persons connected with them received any remuneration from the charity, or any related entity
## **4. Donations and Grants**
|Grants
Cadet Contributions (Subs, Uniform)
Donations
**Total donations and grants**|**2025**
**2024**
**£**
**£**
53,616
81,697
10,080
7,852
5,838
1,735|
|---|---|
||**59,534**
**91,284**|
11
## Milford Haven Sea Cadets & Royal Marines Cadets Annual Report 2024-25
|**5.**||**2025**|**2025**|**2024**|**Grants**||
|---|---|---|---|---|---|---|
|||**£**||**£**|||
||**Premises expenses**||||||
||Heat, Light & Water|7,512||12,104|**2025**|**2024**|
||**With thanks to**
Building Upgrades & Maintenance Costs|50,316||50,949|**£**|**£**|
||Sport Wales – Be Active Wales Fund
**Administrative overheads**|||||16,776|
||Milford Haven Town Council – Grant
Insurance|5,379||4,454|5,000|500|
||Milford Haven Town Council – Christmas Grant
Governance Costs||930|1,050|200|125|
||Marine Society & Sea Cadets (Infrastructure Grant)
Telephone & Broadband||983|1,053|24,916|32,000|
||Marine Society & Sea Cadets (Waterborne G~~rant)~~
Postage, Printing & Stationery||55|58||2,000|
||Pembrokeshire County Council (Youth Bank)
**Total support costs**|**65,175**||**69,668**||696|
||Port of Milford Haven Community Grant||||1,000||
||Neyland Carnival Committee|||||100|
||Whirlwind Charitable Trust|||||3,750|
||Rotary Club of Milford Haven|||||750|
||The Gosling Foundation|||||10,000|
||Local Giving Ltd (Big Magic Little Grants)|||||500|
||Ascona Group – Grant||||3,000||
||Bernard Sunley Foundation – Grant||||5,000||
||Tesco – Bags for Help Grant|||||1,000|
||Making a Difference - CK Foodstores Donation|||||250|
||Benevolent Movement Grant|||||1,000|
||Haverfordwest Town Council – Grant||||500||
||Neyland Town Council – Grant|||||500|
||Foyle Foundation|||||10,000|
||Greenwich Hospital – Grant||||5,000||
||The Harrier Association – Grant||||4,000||
||Pembrokeshire Tall Ship – Royalist Bursary Fund Grant||||5,000||
||**Grants and donations**||||**53,616**|**81,697**|
**6. Premises and Administrative costs**
12
Milford Haven Sea Cadets & Royal Marines Cadets Annual Report 2024-25
## **7. Assets**
|ntly insured:
Equipment & Boats
Fixtures & Fittings (Buildings)
Total|**Cost**
**£**
412,495
780,000
**1,192,495**|**Cost**
**£**
336,394
763,000|
|---|---|---|
|||**1,099,394**|
Assets currently insured:
-- Report End--
13