FARNHAM FLEET AND ALDERSHOT UNIT 137 OF THE SEA CADET CORPS
The training of young people from the age of 10, to 18. in a nautical basis to encourage them to work in teams and become better and more responsible citizens.
Financial health, per its FY2025 accounts
The accounts state that unrestricted free reserves increased by £21,672 to a total of £528,010, significantly exceeding the trustees' stated policy target of £10,000 to £15,000. Net current assets were reported at approximately £48,000, with the trustees confirming sufficient cash and bank balances to cover ongoing costs and planned capital expenditure. The charity remains in a strong financial position with no material uncertainties disclosed regarding its ability to continue as a going concern.
What the accounts disclose
“The charity trustees’ policy aims to maintain unrestricted free reserves at a level of £10,000 to £15,000.” — page 3
Trustees
- Martin Peter Gallopchair
- NEIL ALEXANDER WESTON FCA
- Paul Abbott
- Sean Peter Kavanagh
- Yvonne Claire Blackburn
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £61k | £39k |
| 31/03/2024 | £38k | £34k |
| 31/03/2023 | £67k | £75k |
| 31/03/2022 | £41k | £72k |
| 31/03/2021 | £42k | £29k |
Common questions
Is FARNHAM FLEET AND ALDERSHOT UNIT 137 OF THE SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted free reserves increased by £21,672 to a total of £528,010, significantly exceeding the trustees' stated policy target of £10,000 to £15,000. Net current assets were reported at approximately £48,000, with the trustees confirming sufficient cash and bank balances to cover ongoing costs and planned capital expenditure. The charity remains in a strong financial position with no material uncertainties disclosed regarding its ability to continue as a going concern. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 24/06/2022 | £9k | Community and IT Room Refurbishment |