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.
Objects
The charitable purpose of the Unit (the Purpose) is to promote the development of young people in achieving their physical, intellectual and social potential as individuals and as responsible citizens by the provision of education and leisure time activities using a nautical theme and in accordance with the principles, ethos and practices of the Marine Society & Sea Cadets (MSSC).
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
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
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 |