MARYPORT & SOLWAY UNIT 541 OF THE SEA CADET CORPS
Member of the Sea Cadet Corps
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 the unit recorded a deficit of £42,222.67 for the financial year ended 31 March 2025, with total receipts of £45,673.91 against payments of £87,896.58. Per the trustees' report, unrestricted reserves at year-end amounted to £34,975.55, which the document notes equates to a specific number of months' revenue payments, though the exact figure is left blank in the template.
What the accounts disclose
“The charity trustees’ policy aims to maintain unrestricted reserves at a level equating to months revenue payments in order to safeguard the Unit’s ongoing activities from any unexpected fluctuations in income” — page 35
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Financial reserves policy and procedures
- Paying staff
- 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
- Volunteer management
Trustees
- Mark Dawsonchair
- Charlotte Iredale
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £46k | £88k |
| 31/03/2024 | £108k | £66k |
| 31/03/2023 | £107k | £127k |
| 31/03/2022 | £39k | £22k |
| 31/03/2021 | £52k | £23k |
Common questions
Is MARYPORT & SOLWAY UNIT 541 OF THE SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that the unit recorded a deficit of £42,222.67 for the financial year ended 31 March 2025, with total receipts of £45,673.91 against payments of £87,896.58. Per the trustees' report, unrestricted reserves at year-end amounted to £34,975.55, which the document notes equates to a specific number of months' revenue payments, though the exact figure is left blank in the template. Its FY2025 accounts were independently examined.