FELIXSTOWE UNIT 478 OF THE SEA CADET CORPS
TO HELP YOUNG PEOPLE TOWARDS RESPONSIBLE ADULTHOOD BY ENCOURAGING VALUABLE PERSONAL ATTRIBUTES AND HIGH STANDARDS OF CONDUCT, USING A NAUTICAL THEME BASED ON THE CUSTOMS OF THE ROYAL NAVY
Financial health, per its FY2025 accounts
The accounts state that the charity held total reserves of £283,814.60 at the end of the period, comprising £2,100.40 in unrestricted funds and £262,610 in restricted funds. The trustees report that there were no liabilities at the year end and that the unit operates as a self-supporting youth organisation reliant on volunteers.
What the accounts disclose
“The trustees have established a policy whereby the reserves in total that are not invested in tangible fixed assets held by the Unit, should be up to the equivalent to 3 months overhead costs of the charity.” — page 6
Trustees
- Clive Peter Bury
- Graham Frederick Waylett
- Louisa Deakin
- Malcolm George Beer
- Nicholas Williams
- Sharon Waylett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £29k | £15k |
| 31/03/2024 | £15k | £22k |
| 31/03/2023 | £20k | £12k |
| 31/03/2022 | £22k | £12k |
| 31/03/2021 | £23k | £8k |
Common questions
Is FELIXSTOWE UNIT 478 OF THE SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that the charity held total reserves of £283,814.60 at the end of the period, comprising £2,100.40 in unrestricted funds and £262,610 in restricted funds. The trustees report that there were no liabilities at the year end and that the unit operates as a self-supporting youth organisation reliant on volunteers. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 10/01/2025 | £5k | Millionaire Street 2025 01w3 |