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SWANSEA UNIT 331 OF THE SEA CADET CORPS

Registered charity 524248 · accounts filings on the Charity Commission register · also known as SWANSEA SEA CADETS, T.S AJAX, UNIT 331, 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.

Causes: Education/training · Amateur Sport · Get email alerts

Latest income
£31k
Latest spending
£22k
Registered
1964
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity maintained a sound financial position with unrestricted cash reserves of £30,085 at the end of the year, significantly exceeding the trustees' stated policy target of £15,000. Net income for the year was positive at £9,331, driven by rental income and fundraising, despite a decrease in total incoming resources compared to the previous year.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Rental of Unit (26% of income)
“Rental of Unit £7,920.00”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: £15 k (held: £30k)
“reserves which are not invested in tangible fixed assets held by the Unit, should be held at £15 k which is equivalent to circa 18 months of the charity’s overhead costs.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: City Of Swansea

Income and spending

Financial year endIncomeSpending
31/03/2025£31k£22k
31/03/2024£51k£54k
31/03/2023£24k£19k
31/03/2022£8k£14k
31/03/2021£33k£20k

Common questions

Is SWANSEA UNIT 331 OF THE SEA CADET CORPS financially healthy?

Per its FY2025 accounts: The accounts state that the charity maintained a sound financial position with unrestricted cash reserves of £30,085 at the end of the year, significantly exceeding the trustees' stated policy target of £15,000. Net income for the year was positive at £9,331, driven by rental income and fundraising, despite a decrease in total incoming resources compared to the previous year. Its FY2025 accounts were independently examined.