YORK UNIT NO 381 OF THE SEA CADET CORPS
Canoeing, Sailing, Band Practice, Swimming, Parades, Learning Seacraft Techniques,
Financial health, per its FY2025 accounts
The accounts state that the charity operated at a deficit for the year, with outgoings of £39,089 against incomings of £28,185, resulting in a reduction of bank balances from £46,331 to £35,321. The trustees attribute this deficit to intentional investments in building maintenance and cadet resources, noting that reserves remain significantly above their policy target of 12 months' running costs. The charity holds substantial fixed assets, primarily land and buildings valued at £472,685, while maintaining unrestricted reserves of £35,321.
What the accounts disclose
“The charity trustees’ policy aims to maintain unrestricted reserves at a level equating to 12 months revenue payments” — page 7
Trustees
- Joseph Gordon Andersonchair
- Amy Ashton
- Captain John Cleaver
- JACQUELINE MARY GORMAN
- John Michael George Dineen OBE
- Juliette Delta Gwendline Pegram
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £27k | £38k |
| 31/03/2024 | £20k | £11k |
| 31/03/2023 | £12k | £21k |
| 31/03/2022 | £28k | £19k |
| 31/03/2021 | £27k | £10k |
Common questions
Is YORK UNIT NO 381 OF THE SEA CADET CORPS financially healthy?
Per its FY2025 accounts: The accounts state that the charity operated at a deficit for the year, with outgoings of £39,089 against incomings of £28,185, resulting in a reduction of bank balances from £46,331 to £35,321. The trustees attribute this deficit to intentional investments in building maintenance and cadet resources, noting that reserves remain significantly above their policy target of 12 months' running costs. The charity holds substantial fixed assets, primarily land and buildings valued at £472,685, while maintaining unrestricted reserves of £35,321. Its FY2025 accounts were independently examined.