MARGATE UNIT 235 OF THE SEA CADET CORPS
This is a youth organisation taking in children from the ages of 10-18 and giving them training in the ethos of the Royal Navy and its traditions. The youngsters are encouraged to take part in the local community and to help others - we aim to keep our charges safe and secure and equip them for modern life and responsible adulthood.
Financial health, per its FY2025 accounts
The accounts state that year-end unrestricted reserves amounted to £7,000.00, which the trustees consider sufficient to maintain 6 months of revenue payments. The independent examiner confirmed that accounting records were kept and the accounts agreed with those records, with no matters of material significance identified.
What the accounts disclose
“TOTAL REVENUE PAYMENTS a £141,666.39 | £30,005.24” — page 1
“Year-end reserves amounted £7,000.00 6 months’ on that basis.” — page 5
Trustees
- Paul Holtonchair
- Adrian Pinn
- Denis Hartley
- Felicity Thompson
- Joanna Boulter
- Kate Hart
- Terry Green
- Trevor Goddard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £142k | £142k |
| 31/03/2024 | £25k | £30k |
| 31/03/2023 | £21k | £27k |
| 31/03/2022 | £29k | £14k |
| 31/03/2021 | £13k | £10k |
Common questions
Is MARGATE UNIT 235 OF THE SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that year-end unrestricted reserves amounted to £7,000.00, which the trustees consider sufficient to maintain 6 months of revenue payments. The independent examiner confirmed that accounting records were kept and the accounts agreed with those records, with no matters of material significance identified. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 24/11/2009 | £30k | Training and Safety Boat |