**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:
- examine the accounts under Section 145 of the 2011 Act;
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **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:
- accounting records were not kept in accordance with section 130 of the Charities Act.
- the accounts do not accord with the accounting records.
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|
|---|---|---|
- 3 **TRUSTEES' REMUNERATION AND BENEFITS**
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