SHEPPEY UNIT 301 OF THE SEA CADET CORPS
"The Sea Cadets" teach children & young adults a variety of skills modeled on the Navy . Pipe and drill, marksmanship, cook stewardship, handling all manner of boats. Cadets learn to work as a team, building confidence & healthy competitiveness against other units.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves amounted to £90,268.51, which the trustees report equates to 18 months of revenue payments against a policy target of 6 months. The charity reported a net decrease in cash balance of £10,675.60 for the year, with total receipts of £48,674.05 and total payments of £59,349.65.
What the accounts disclose
“ANNUAL FUND/DIRECT GRANT 11,023.46” — page 4
“The charity trustees’ policy aims to maintain unrestricted reserves at a level equating to 6 months revenue payments in order to safeguard the Unit’s ongoing activities from any unexpected fluctuations in income” — page 8
Trustees
- ALBERT WICKENDENchair
- ANDREW WILLMORE
- Andrea Faulkner
- Cathy Nash
- David Brown
- Elliott Jayes
- John Gurton
- Leisse Clare Gambell
- MARGARET BRETT
- Paul Fagg
- Paul Kite
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £49k | £59k |
| 31/03/2024 | £210k | £190k |
| 31/03/2023 | £31k | £34k |
| 31/03/2022 | £68k | £42k |
| 31/03/2021 | £47k | £11k |
Common questions
Is SHEPPEY UNIT 301 OF THE SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves amounted to £90,268.51, which the trustees report equates to 18 months of revenue payments against a policy target of 6 months. The charity reported a net decrease in cash balance of £10,675.60 for the year, with total receipts of £48,674.05 and total payments of £59,349.65. Its FY2025 accounts were independently examined.
Who funds SHEPPEY UNIT 301 OF THE SEA CADET CORPS?
Funders whose own accounts filings name SHEPPEY UNIT 301 OF THE SEA CADET CORPS as a grant recipient include THE ASDA FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE ASDA FOUNDATION | FY2023 | £16k | Investing in Spaces and Places |
| THE ASDA FOUNDATION | FY2024 | £15k | Investing in Spaces and Places |