Tenby Sea Cadets Annual Report 2024-2025 Tenby Unit 453 Of The Sea Cadet Corps Report and Receipts and Payments Accounts 31st March 2025 The Charity Registration Number is: 524451 1 Tenby Sea Cadets Annual Report 2024-2025 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: Tenby Unit 453 Of The Sea Cadet Corps The charity is also known by its operating name, Tenby Sea 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 524451. 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: The Harbour Store Tenby Harbour, Tenby Pembrokeshire, SA70 7BW 2 Tenby Sea Cadets Annual Report 2024-2025 5. Trustees Mr Gary Coburn (Chairman) Mrs Catherine 'Maudie' Hughes (Secretary) Sub Lieutenant (SCC) Lloyd Jones RNR (Outgoing Commanding Officer) – 14[th] April 2025 planned step down Chief Petty Officer (SCC) David Richards (Incoming Officer in Charge) – 15[th] April 2025 planned appointment Mr Peter Kraus Cllr David Morgan Trustees stepped down during the Financial Year: Mrs Mara Coburn – 19[th] September 2024 Mrs Sharon Britton (Treasurer) – 31[st] March 2025 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 the past financial year, the unit has continued growing and developing a greater relationship with the community of Tenby and surrounding areas. Of which we have seen the growth within the ranks of the unit from both young people and adult volunteers. The Unit also has a planned change of command and this will also see further opportunities for progress within the Unit for our adult volunteers. We have seen our young people take part in many different activities throughout the town such as Parades and assisting with events. Our afloat training was once again one of our main focuses so 3 Tenby Sea Cadets Annual Report 2024-2025 that we are able to keep growing and be in the public eye; whilst showing safe but fun activities. This gave our young people the chance to gain qualifications from various awarding bodies such as the Royal Yachting Association, Paddle Cymru and British Rowing. Although we remain steadied in our numbers, assets and equipment, there is a current ongoing risk to our operation in our current building, which has been ongoing through lease discussions and proposals for some time with Pembrokeshire County Council. Unfortunately, we are no further forward in this financial year period, and this remains a significant risk to the charity as a result; however, we remain optimistic for an acceptable outcome being reached in the financial year 20252026. Over the financial year we have received various grants throughout the year that have helped us continue to progress with developing the unit. One significant note is the donation of £5,000 from the Pembrokeshire Tall Ships Youth Trust, due to disbanding, in creating our own tallship bursary fund for our cadets to access TS Royalist or other external ships. This will make a huge difference to being able to support our cadets get offshore. This year the unit was delighted to be able to celebrate with another Burgee from the organisation for performing highly as a Sea Cadet Unit, placing us in the top 25% of units within the United Kingdom. Making this the 5[th] consecutive Burgee for the unit, as well a Captain Sea Cadets Commendation in 2024-25 Financial Year Inspection period. A massive well done to our cadets, adult volunteers and trustees for making this happen. A huge thank you to our outstanding adult volunteers from the team of trustees to our uniformed and nonuniformed 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 £44,009 and Payments of £58,782, giving a net decrease in funds of £14,723. Payments include £42,265 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 2025 the Charity held £4,237 in unrestricted funds at the bank and in cash; as well as £5,000 in restricted funds at the bank. 4 Tenby Sea Cadets Annual Report 2024-2025 9. Statement of the Trustees' Responsibilities 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 18[th] October 2025. Gary Coburn Chair 5 Tenby Sea Cadets Annual Report 2024-2025 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 Tenby Unit 453 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 Tenby Unit 453 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 Tenby Unit 453 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 Tenby Unit 453 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 18[th] October 2025. 6 ## Tenby Sea Cadets Annual Report 2024-2025 ## Statement of Financial Activities for the year ended 31 March 2025 All funds are unrestricted and shown to the nearest £ ## **Section A: Receipts and Payments** |||2025|2024| |---|---|---|---| |||£|£| |**A1 Receipts**|||| |Donations and Grants||40,535|42,672| |Restricted BursaryFund||5,025|0| |Course Fees||30|1,520| |Travel Expenses Refund(MSSC)||1,479|1,642| |Tuck Shop, Certificates and Polo Shirts||1,878|1,679| |Other Receipts||0|0| |Interest on deposit account||87|109| ||_Sub total –gross income_|**49,034**|**47,623**| |**A2 Asset and investment sales**|||| |Receipts from sale of assets and insurance receipt||0|2,800| ||_Sub total_|**0**|**2,800**| ||**_Total Receipts_**|**49,034**|**50,423**| ||||| |**A3 Payments**|||| |Fundraisingor Special Event Costs||260|808| |Goods for Resale(Tuck Shopetc)||1,232|2,335| |Competition costs, Travel and TrainingCourses||7,971|19,913| |TrainingEquipment||95|2,000| |Premises and Administrative Costs||3,209|4,617| |Boats and Maintenance Costs||0|6,721| |Vehicles and Maintenace and Fuel Costs||3,401|770| |Other Equipment||300|305| ||_Sub total_|**16,468**|**37,469**| |**A4 Asset and Investment Purchases**|||| |Equipment||20,814|8,036| |Fixtures and Fittings||21,450|2,014| ||_Sub total_|**42,265**|**10,050**| ||||| ||**_Total Payments_**|**58,732**|**47,519**| ||||| ||**_Net(Receipts – Payments)_**|**-14,723**|**2,904**| |**A5**Transfers between funds||0|0| |**A6**Cash funds at end ofpreviousyear||18,934|16,029| ||**_Cashfunds atyear end_**|**4,211**|**18,934**| 7 Tenby Sea Cadets Annual Report 2024-2025 ## **Section B: Assets and Liabilities at the year end** |**Section B: Assets and Liabilities at the year end**|||| |---|---|---|---| |||2025|2024| |||£|£| ||||| |**B1 Cash Funds: bank and cash**||9,237|18,934| |**B2 Other monetary assets**||0|0| |**B3 Investment assets**||0|0| |**B4 Assets retained for the charity’s own use**|||| |Assetspurchased since April 2020||Cost|Cost| |||£|£| ||Equipment|104,971|84,156| ||Fixtures & Fittings|38,330|16,880| ||Total|**143,300**|**101,036**| ||||| |**B5 Liabilities**||**0**|**0**| The financial statements were approved by the Board of Trustees and authorised for issue on 21[st] October 2025 and were signed on its behalf by: Gary Coburn Chair 8 Tenby Sea Cadets Annual Report 2024-2025 Notes to the Accounts for the year ended 31 March 2025 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 purchased in the last 5 years 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 ||2025|2024| |---|---|---| ||£|£| |Grants and donations|36,462|37,900| |Tall Ships BursaryGrant Fund(Restricted)|5,000|0| |Cadet Contributions(Subs,Uniform)|4,073|4,772| |Total donations andgrants|**45,535**|**42,672**| 9 Tenby Sea Cadets Annual Report 2024-2025 ## 5. Grants and Donations in detail ||2025|2024| |---|---|---| |Fromgovernment andpublic bodies|£|£| |Sports Wales||23,885| |TenbyTown Council|204|2,704| |Marine Society& Sea Cadets|21,900|| |**Total fromgovernment andpublic bodies**|**22,104**|**26,589**| |||| |Othergrants,donations and fundraising|£|£| |Foyle Foundation|5,000|| |Bernard SunleyFoundation|5,000|| |CARTEN 100 – Donation and riders’ donations|1,636|1,270| |Bingo Fundraiser|921|| |Co-opCommunityFund|500|| |St Mary’s Church Donation|500|250| |Lions – Tenby& District Donation|300|| |CK Foodstores – Makinga difference|250|250| |Milford Ladies HockeyTeam Donation|250|| |The GoslingFoundation – Grant||3,000| |Skipton Charitable Trust – RS Equipment Grant||1,500| |The YAPP Charitable Trust – Grant||1,500| |Tesco – Groundwork Bags for HelpGrant||1,000| |Oakdale Trust – Grant||750| |Local GivingLtd(BigMagic Little Grants)||500| |Belvedere Care Ltd||500| |Cosheston Brewery– PubQuiz Donation||450| |Fundraisingand other donations||341| |**Grants and donations**|**36, 461**|**37,900**| ## 6. Premises and Administrative costs |6.
Premises and Administrative costs||| |---|---|---| ||2025|2024| ||£|£| |**Premises expenses**||| |Heat,Light & Water|675|1,447| |Building& Maintenance Costs|196|527| |**Administrative overheads**||| |Insurance|1,324|1,221| |Governance Costs – MSSC|250|100| |Telephone & Broadband|610|481| |Postage,Printing& Stationery|154|841| |**Total Support Costs**|**3,209**|**4,617**| 10 Tenby Sea Cadets Annual Report 2024-2025 ## 7. Assets Assets purchased in the previous 5 years, less disposals, are shown in the statement. Assets retained for the Charity’s own use ||Freehold
property|Equipment|Fixtures &
Fittings|Total| |---|---|---|---|---| |**Cost**||||| |2020-21|0|21,900|2,176|24,076| |2021-22|0|31,130|1,880|33,010| |2022-23|0|25,841|10,810|36,651| |2023-24|0|8,036|2,014|10,050| |2024-25|0|20,814|21,450|42,264| |Assets retained for the Charity’s own use|0|107,721|38,330|146,051| The cost of assets purchased in the previous 5 years is shown in the Statement ## 8. **Movement in funds** ||Bank and
cash from
2024|Movement in
funds
2025|Transfers between
funds 2025|Bank and
cash to
2026| |---|---|---|---|---| ||£|£|£|£| |Unrestricted|18,934|-14,723|0|4,211| |Restricted|0|5,026|0|5,026| |||||| |Analysis of Movement in funds 2025|Receipts|Payments|Other Gains & Losses|Movement
in Funds| ||£|£|£|£| ||49,035|-58,732|0|9,697| 11