LUTON UNIT 226 OF THE SEA CADET CORPS
The sea cadets provides educational and recreational activities to youngsters between 10-18 yrs. They are taught life skills such as catering, communications, computer skills, mechanical engineering and all aspects of boating skills.
Financial health, per its FY2025 accounts
The accounts state that the unit recorded a deficit of £3,793.29 for the year ended 31 March 2025, reducing unrestricted reserves from £6,843.71 to £3,050.42. The independent examiner's report confirms that no matters have come to their attention regarding the compliance of the accounts with accounting records or the Charities Act. The unit's reserves policy aims to maintain unrestricted reserves at a level equating to three months of revenue payments, and the year-end reserves of £3,050.42 are stated to be equivalent to three months' expenditure on that basis.
What the accounts disclose
“MS-SC Restricted Grant £14,200.00”
“Year-end reserves amounted to £19.00 months’ on that basis. [Delete this section if not applicable] The Unit £0.00 holds £0.00”
Trustees
- Alistair Rigg
- Dr Victoria Chalker
- Monika Kowalczuk
- RACHEL RIGG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £27k | £31k |
| 31/03/2024 | £51k | £54k |
| 31/03/2023 | £40k | £33k |
| 31/03/2022 | £7k | £10k |
| 31/03/2021 | £21k | £8k |
Common questions
Is LUTON UNIT 226 OF THE SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that the unit recorded a deficit of £3,793.29 for the year ended 31 March 2025, reducing unrestricted reserves from £6,843.71 to £3,050.42. The independent examiner's report confirms that no matters have come to their attention regarding the compliance of the accounts with accounting records or the Charities Act. The unit's reserves policy aims to maintain unrestricted reserves at a level equating to three months of revenue payments, and the year-end reserves of £3,050.42 are stated to be equivalent to three months' expenditure on that basis. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 22/11/2012 | £10k | New IT-Based Training Rooms |
| The National Lottery Community Fund | 14/12/2005 | £5k | Removal of Asbestos |