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2022-03-31-accounts

Registered Charity Number: 700297

HEBBURN UNIT 176 OF THE SEA CADETS CORPS

Unaudited Financial Statements for the Year Ended 31 March 2022

M Bengston BSc FCA 27 Partridge Close Ayton Washington Tyne and Wear NE38 0ES

HEBBURN UNIT 176 OF THE SEA CADETS CORPS Report and accounts Contents

Page
Report of the Trustees 1 - 2
Independent Examiner's report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 - 7
Detailed Statement of Financial Activities 8

HEBBURN UNIT 176 OF THE SEA CADETS CORPS Report of the Trustees for the Year Ended 31 March 2022

The Trustees present their report with the financial statements of the charity for the year ended 31 March 2022.

The Trustees have adopted the provisions for the preparation of the accounts in accordance with the Charities Act 2011.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

700297

Registered office

Mountbatten Memorial Building Prince Consort Industrial Estate Hebburn NE31 1EH

Trustees

Malcolm J Bone MBE Adam Ellison Gillian Hanson Martin Lightfoot Richard Porthouse Fiona Raine Rev David Raine Clare Towns Margaret White

Independent Examiner

M Bengston BSc FCA 27 Partridge Close Ayton Washington

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk Management

The Trustees 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 error.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charitable purpose of the Unit 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).

1

HEBBURN UNIT 176 OF THE SEA CADETS CORPS Report of the Trustees for the Year Ended 31 March 2022

OBJECTIVES AND ACTIVITIES

Significant activities

The Trustees are once again pleased to announce that this financial year has been a very successful year at Hebburn Sea Cadets. Our Management Team, Staff and Cadets are once again able to meet face to face to meet the curriculum in order to provide our cadets with the true Sea Cadet Experience. Boating, which is one of our principal activities has been elevated during this financial year by the addition of a Boating Pontoon, which allows us to carry out this activity, irrespective of tidal situations. Hebburn Sea Cadets continues to excel at National and Northern Area Level, once again receiving the Sea Cadets highest award of a Burgee.

Public Benefit

Our connection with the people of Hebburn and surrounding area has continued to flourish with the lifting of Covid Restrictions. Our Cadets are extremely keen to attend as many local events as possible, enabling the name of Hebburn Sea Cadets to live on throughout the local community.

Approved by order of the board of Trustees on 26 October 2022 and signed on its behalf by:

Malcolm J Bone - Chair

Margaret White - Treasurer

2

HEBBURN UNIT 176 OF THE SEA CADETS CORPS

Independent Examiner's report to the board of Trustees on the preparation of the accounts of Hebburn Unit 176 of the Sea Cadets Corps for the year ended 31 March 2022

I report to the Trustees on my examination of the accounts for the year ended 31 March 2022.

Respective responsibilities of Trustees and examiner

The charity's Trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the Independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view.

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 which gives me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn, in order to enable a proper understanding of the accounts, to be reached.

Malcolm Bengston M Bengston BSc FCA 27 Partridge Close Ayton Washington Tyne and Wear NE38 0ES

26 October 2022

3

HEBBURN UNIT 176 OF THE SEA CADETS CORPS Statement of Financial Activities for the year ended 31 March 2022

HEBBURN UNIT 176 OF THE SEA CADETS CORPS
Statement of Financial Activities
for theyear ended 31 March 2022
Notes
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
2
RESOURCES EXPENDED
Charitable activities
Charitable activities
Finance cost
Governance costs
Total resources expended
NET INCOMING (OUTGOING) RESOURCES
RECONCILIATION OF FUNDS
Transfer of funds to/(from) unrestricted funds
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
56,607
47,507
-
-		 Restricted
funds
£
-
-
-
-
-
-
-
-
-		 2022
Total
funds
£
56,607
47,507
-
-
47,507
9,100
-
32,252
41,352		 2021
Total
funds
£
48,365
25,796
-
-
47,507 25,796
9,100
-
32,252		 22,569
-
9,683
41,352 32,252

The notes on pages 6 to 7 form part of these financial statements

4

HEBBURN UNIT 176 OF THE SEA CADETS CORPS Balance Sheet as at 31 March 2022

Balance Sheet
as at 31 March 2022
Notes
CURRENT ASSETS
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
4
NET CURRENT ASSETS/(LIABILITIES)
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS/(LIABILITIES)
FUNDS
5
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
41,352
-
41,352
41,352
41,352		 Restricted
funds
£
-
-
-
-
-		 2022
Total
funds
£
41,352
-
41,352
41,352
41,352
41,352
-
41,352		 2021
Total
funds
£
32,252
32,252
32,252
32,252
32,252
-
32,252

The financial statements were approved by the Board of Trustees on 26 October 2022 and were signed on its behalf by:

Malcolm J Bone - Trustee

Margaret White - Trustee

The notes on pages 6 to 7 form part of these financial statements

5

HEBBURN UNIT 176 OF THE SEA CADETS CORPS Notes to the Financial Statements for the year ended 31 March 2022

1 ACCOUNTING POLICIES

Accounting Convention

The financial statements have been prepared under the historical cost convention.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2 VOLUNTARY INCOME
Donations & Legacies		 2022
£
56,607		 2021
£
48,365

There were no Trustees' remuneration or other benefits for the year ended 31 March 2022. (£Nil - 2021).

TRUSTEES' EXPENSES

There were no Trustees' expenses paid during the year to 31 March 2022. (£Nil - 2021).

6

HEBBURN UNIT 176 OF THE SEA CADETS CORPS Notes to the Financial Statements for the year ended 31 March 2022

4 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accrued expenses
5
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted income
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted income
TOTAL FUNDS		 As at
01-Apr-21
£
32,252
-
32,252
Incoming
resources
£
56,607
-
56,607		 2022
£
-
Net movement
in funds
£
9,100
-
9,100
Resources
expended
£
(47,507)
-
(47,507)		 2021
£
-
As at
31-Mar-22
£
41,352
-
41,352
Movement
in funds
£
9,100
-
9,100

7

HEBBURN UNIT 176 OF THE SEA CADETS CORPS Detailed Statement of Financial Activities for the year ended 31 March 2022

INCOMING RESOURCES
Voluntary income
Donation and Legacies
Total incoming resources
RESOURCES EXPENDED
Charitable activities
Goods
Council tax
Utilities
Transport
Insurance
Servicing
Training
Maintenance
Governance costs
Accountancy
Support costs
Finance
Bank charges
Total resources expended
Net income / (deficit)		 2022
£
56,607
56,607
10,863
562
4,481
1,222
2,663
1,514
-
26,202
47,507
-
-
47,507
9,100		 2021
£
48,365
48,365
2,076
-
2,656
8,826
2,762
1,071
-
8,405
25,796
-
-
25,796
22,569

8