SWANSEA UNIT 331 OF THE SEA CADET CORPS
In accordance with Sea Cadet regulation, our aim is to help young people towards responsible adulthood by encouraging valuable personal attributes and high standards of conduct using a nautical theme based on the customs of the Royal Navy, also providing adventure training under the Duke of Edinburgh award scheme.
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 FY2026 accounts
The accounts state that the charity achieved a sound financial position with total incoming resources of £91,612.46 and resources expended of £94,760.35, resulting in a net deficit for the year. While the charity holds £31,957.77 in current assets, its total liabilities stand at £49,522.00, primarily due to costs associated with galley and heads refurbishment. The trustees' reserves policy targets £15,000, but actual unrestricted reserves were reported at £2,000 at the end of the financial year.
What the accounts disclose
“Grants - Galley & Heads Refurb 35,000.00”
“However, at the end of March 2026, due to the extraordinary costs of the galley and heads refurbishment, the total of the charity’s cash reserves reduced to £2.0 k after our liabilities and arranged grant are taken into consideration.” — page 6
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2026
- Volunteers: 25
- Government income: £7,295 — grants £7,295 (3); 8% of the £91,612 total gross income on the same return
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 20
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 30
- Government income: £2,230 — grants £2,230 (1); 4% of the £51,312 total gross income on the same return
Trustees
- Andrew Davieschair
- Caron Lee Flynn
- Helen Short
- James Springle
- Robert Denley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £92k | £95k |
| 31/03/2025 | £31k | £22k |
| 31/03/2024 | £51k | £54k |
| 31/03/2023 | £24k | £19k |
| 31/03/2022 | £8k | £14k |
Common questions
Is SWANSEA UNIT 331 OF THE SEA CADET CORPS financially healthy?
Per its FY2026 accounts: The accounts state that the charity achieved a sound financial position with total incoming resources of £91,612.46 and resources expended of £94,760.35, resulting in a net deficit for the year. While the charity holds £31,957.77 in current assets, its total liabilities stand at £49,522.00, primarily due to costs associated with galley and heads refurbishment. The trustees' reserves policy targets £15,000, but actual unrestricted reserves were reported at £2,000 at the end of the financial year. Its FY2026 accounts were independently examined.
Who funds SWANSEA UNIT 331 OF THE SEA CADET CORPS?
Funders whose own accounts filings name SWANSEA UNIT 331 OF THE SEA CADET CORPS as a grant recipient include CHARTERED ACCOUNTANTS' LIVERY CHARITY.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| CHARTERED ACCOUNTANTS' LIVERY CHARITY | FY2022 | £2k | Other grants |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ASDA FOUNDATION | 1 | £31k |
Charities like this
- CAMBERLEY UNIT 477 OF THE SEA CADET CORPS
- FILEY UNIT OF THE SEA CADET CORPS
- TWICKENHAM UNIT 341 OF THE SEA CADET CORPS
- TWICKENHAM UNIT 341 OF THE SEA CADET CORPS CIO
- BASILDON UNIT 551 OF THE SEA CADET CORPS
- SHEPPEY UNIT 301 OF THE SEA CADET CORPS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SWANSEA UNIT 331 OF THE SEA CADET CORPS | £92k | — | — | below | — | no doubt |
| CAMBERLEY UNIT 477 OF THE SEA CADET CORPS | £32k | — | 0 | above | 104.4% | no doubt |
| FILEY UNIT OF THE SEA CADET CORPS | £86k | — | — | unclear | — | no doubt |
| TWICKENHAM UNIT 341 OF THE SEA CADET CORPS | £39k | — | 0 | above | — | no doubt |
| TWICKENHAM UNIT 341 OF THE SEA CADET CORPS CIO | £55k | — | — | unclear | — | no doubt |
| BASILDON UNIT 551 OF THE SEA CADET CORPS | £37k | — | 0 | unclear | — | no doubt |