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.
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
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.