BASILDON UNIT 551 OF THE SEA CADET CORPS
the aim of the sea cadets corps is 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.
Objects
The charitable purpose of the Unit (the Purpose) 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).
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves amounted to a level equating to months' revenue payments, though the specific number of months is redacted in the text. The unit reported a net increase in cash balance of £16,957.54 for the year, resulting in year-end cash holdings of £24,828.42.
What the accounts disclose
“The charity trustees’ policy aims to maintain unrestricted reserves at a level equating months revenue payments in order to safeguard the Unit's ongoing activities from any unexpected fluctuations in income” — page 6
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Conflicting interests
- Internal charity financial controls policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Volunteer management
Trustees
- Mark Wellschair
- Goerge King
- Janet Upton
- Tony Flack
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £37k | £21k |
| 31/03/2024 | £9k | £7k |
| 31/03/2023 | £4k | £8k |
| 31/03/2022 | £10k | £8k |
| 31/03/2021 | £11k | £5k |
Common questions
Is BASILDON UNIT 551 OF THE SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves amounted to a level equating to months' revenue payments, though the specific number of months is redacted in the text. The unit reported a net increase in cash balance of £16,957.54 for the year, resulting in year-end cash holdings of £24,828.42. Its FY2025 accounts were independently examined.