COWES UNIT 118 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 unit recorded a deficit of £21,840.07 for the year ended 31 March 2025, resulting in a decrease in unrestricted reserves from £37,452.47 to £15,612.40. The trustees' report indicates that the reserves policy aims to maintain unrestricted reserves at a level equating to revenue payments to safeguard ongoing activities, though the specific target amount is not explicitly stated in the provided text.
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 46
Funders the charity credits
- Royal Yacht Squadron
- Cowes Yacht Haven
- Herapath Shenton Trust
- RLYC Youth Trust
- Cowes Rotary
- Delphie Lakeman Trust
Trustees
- Richard Tomblesonchair
- Christine Tombleson
- Emma Davison
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £27k | £49k |
| 31/03/2024 | £31k | £27k |
| 31/03/2023 | £21k | £19k |
| 31/03/2022 | £34k | £32k |
| 31/03/2021 | £29k | £13k |
Common questions
Is COWES UNIT 118 OF THE SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that the unit recorded a deficit of £21,840.07 for the year ended 31 March 2025, resulting in a decrease in unrestricted reserves from £37,452.47 to £15,612.40. The trustees' report indicates that the reserves policy aims to maintain unrestricted reserves at a level equating to revenue payments to safeguard ongoing activities, though the specific target amount is not explicitly stated in the provided text. Its FY2025 accounts were independently examined.
Who funds COWES UNIT 118 OF THE SEA CADET CORPS?
Funders whose own accounts filings name COWES UNIT 118 OF THE SEA CADET CORPS as a grant recipient include THE CONNAUGHT TRUST, THE WIGHT AID FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE CONNAUGHT TRUST | FY2021 | £31k | |
| THE CONNAUGHT TRUST | FY2024 | £5k | |
| THE CONNAUGHT TRUST | FY2022 | £3k | Cadets |
| THE WIGHT AID FOUNDATION | FY2024 | £1k | |
| THE WIGHT AID FOUNDATION | FY2023 | £0 |