IPSWICH UNIT 195 OF THE SEA CADET CORPS
To provide a range of activities, sports and skills that are attractive and adventurous within a caring discipline, based on the high standards of the Royal Navy and to assist in development of self-confidence, self-discipline, leadership and sense of responsibility to the community.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of nearly £30,000 for the year, driven by significant capital expenditures such as a pontoon costing over £50,000. The treasurer notes that outgoings are climbing rapidly, necessitating an increase in cadet subscriptions and new uniform contributions to offset costs. Despite these financial pressures, the unit remains functional and is actively fundraising for future building replacement.
What the accounts disclose
“The majority of ongoing funding comes from subs.” — page 5
“We do not have as much money as we did 5 years ago, that is deliberate. It was felt that we should be spending money on today’s cadets, whilst maintaining a balance for tomorrow’s cadets.” — page 5
Trustees
- William felgatechair
- JOHN PETER DOWNIE
- Richard Wilding
- Shaun Sams
- TRACY SAMS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £30k | £60k |
| 31/03/2024 | £32k | £14k |
| 31/03/2023 | £10k | £13k |
| 31/03/2022 | £16k | £16k |
| 31/03/2021 | £13k | £8k |
Common questions
Is IPSWICH UNIT 195 OF THE SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of nearly £30,000 for the year, driven by significant capital expenditures such as a pontoon costing over £50,000. The treasurer notes that outgoings are climbing rapidly, necessitating an increase in cadet subscriptions and new uniform contributions to offset costs. Despite these financial pressures, the unit remains functional and is actively fundraising for future building replacement.
Who funds IPSWICH UNIT 195 OF THE SEA CADET CORPS?
Funders whose own accounts filings name IPSWICH UNIT 195 OF THE SEA CADET CORPS as a grant recipient include THE GOSLING FOUNDATION LIMITED.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE GOSLING FOUNDATION LIMITED | FY2024 | £5k | General |