CITY OF LONDON SEA CADET CORPS
SCC is a voluntary youth organisation which aims to:a. Help young people towards responsible adulthood.b. Encourage valuable personal attributes and high standards of conduct, using a nautical theme based upon the traditions and customs of the Royal Navy.The Unit is very fortunate to meet on HMS Belfast. We strive to build and maintain relationships with various bodies within the City.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves amounted to 16 and 17 months of revenue payments, which meets the trustees' policy aim to safeguard ongoing activities. The unit reported a surplus for the year, increasing its cash balance from £80,808.55 to £89,913.03. No material uncertainties or going concern issues were disclosed.
What the accounts disclose
“The charity trustees’ policy aims to maintain unrestricted reserves at a level equating to revenue payments in order to safeguard the Unit’s ongoing activities from any unexpected fluctuations in income” — page 5
Trustees
- Daniel Mark Wellschair
- Alexander Constantine Jonesco
- Benjamin Arron Charlton McDonald
- Chloe Andrews-Jones
- JONATHAN STEER
- Louise Ann Thompson
- Thomas Daniel Still
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £36k | £28k |
| 31/03/2024 | £24k | £19k |
| 31/03/2023 | £22k | £15k |
| 31/03/2022 | £12k | £11k |
| 31/03/2021 | £8k | £7k |
Common questions
Is CITY OF LONDON SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves amounted to 16 and 17 months of revenue payments, which meets the trustees' policy aim to safeguard ongoing activities. The unit reported a surplus for the year, increasing its cash balance from £80,808.55 to £89,913.03. No material uncertainties or going concern issues were disclosed. Its FY2025 accounts were independently examined.