MALVERN UNIT 582 OF THE SEA CADET CORPS
To give young people the best possible head start in life through nautical adventure and fun, based on the traditions and customs of the Royal Navy.
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 charity achieved a net operating income of £25,369.60 for the year ended 31 March 2025, a significant improvement from the previous year's net expenditure. Total net assets increased to £277,142.85, with cash reserves rising to £68,578.61, although £26,681.15 is held as restricted funds for a new minibus. The trustees report a continued solid financial position and have agreed on a reserves policy to ensure the unit can weather financial shocks.
What the accounts disclose
“A Reserves Policy has now been agreed that will ensure that the unit will be able to weather any likely financial shocks and to continue to provide a great Sea Cadet experience to our young people.” — page 11
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds 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
- David Hugh Blackchair
- Captain Jonathan Holloway RN
- Keith John Bredin
- Lt Cdr Graham Thomas Charles Rowberry RN
- Lt SCC Alleisha Jean Elizabeth Lewin RNR
- WAI SZE CHAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £51k | £26k |
| 31/03/2024 | £45k | £48k |
| 31/03/2023 | £29k | £19k |
| 31/03/2022 | £29k | £24k |
| 31/03/2021 | £31k | £15k |
Common questions
Is MALVERN UNIT 582 OF THE SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that the charity achieved a net operating income of £25,369.60 for the year ended 31 March 2025, a significant improvement from the previous year's net expenditure. Total net assets increased to £277,142.85, with cash reserves rising to £68,578.61, although £26,681.15 is held as restricted funds for a new minibus. The trustees report a continued solid financial position and have agreed on a reserves policy to ensure the unit can weather financial shocks. Its FY2025 accounts were independently examined.