Chadty reglstration number.. 1031263 BARB Annual Re[￿ atKI Finanoal Slatemerrts for the Year 31 October 2023 WESTCOTTS CHARTEftEO &CCOUN14ll*TS BU51HESS ADV15ER5 BARB Reference and Administrative Details Prosld•nt Mr Roger FI(F•￿r Chaimian Mr Mark Newman Vico Chairnian Mr Craig Dunbar S•¢rotary Loma Brewer Treasurer Mr Graham Hallsworth Trust••s MT Mike L￿￿, Opetattons manager Mr Adrian Cunningham, Deputy Operations Manager Mr Michael Young Mr David Kemp Mr Rcger Burgess Charity Rogistration Numb•r 1031263 Prin¢ipal oifi¢• Marine Rescue Centre The Esplanade Bumham on Sea SometEet TA81BB Indopondont Examin•r D Wrighi FCA Westcotts Chartered Accountants 80 Oxford Str8et Bumham oll Sea Somerset Bankars Lloyds Bank PIC Cornhill Bridgwaler Somerset Page 1 BARB Trustee. Report The trustee present the annual report tcMJether ¥￿th the finanLxal statements of the (*arfty for the year ended 31 October 2023. Alms and Obje￿1V0$ Savlng Ilves BARB'S Gfew uses its hover¢rats, inshore rescue boats and other eq￿[￿ent to help and rescue people In dlffl(yJlty across Somers8t. DuritYJ major emergencies, such as floodi￿, our 8SS@ts may also be called into use to aS￿st anywhere aGro&% the UK. Edu¢atlnq publk BARB delivers many tslks each year to lo(al groups and organisafions to pro-acuvdy give a p05tbve beach safety mossage. This aims to reduce the number of people getting into dIffi￿lty. In6r•Mlng 8w•r8ness of b•a¢h xfety BARB welcomes vists of groups of schoolchildren arnl other grourts through the year to help promote responsible use of our local beaches. wthout causiThJ unnecessary concem. The Tru51ee5 confimi that they have Com￿1&1 the reqLMrements of seclÈon 4 ofthe Charities AGt 2011 to have due reoard to the public benefit guidance published by the Charity Commissim for England atKI Wales. 8ummary ol main aetivitles 8ARB Search & Rescue, fomied as the Bumham A￿a Rescue Boat in 1992, operates rescue hoveroTrft and insho¥e rescue l)oats to save live& The charity helps aThJ rescues peoFAe in difficulty along Ihe Somerset coastline around Bridgwater Bay and in-land across SomerseL Our hoverGrats 8re called out regularly to help people strdrn1ed in mud along the coastline between Burnharn-on-sea and Weston-super-mare, ¥the￿ va* expanses of mud are exposed at low tide. WAth fast-incoming tides, quck rescues are critical to avoid loss of life. BARB is njn entirely by a team of OV￿ 20 volurteers who receive training on various search and rescue skills to ensure a professional. S￿Iled Grew is 8vailable 24 hours a day. The roles range from hovercraft pmlots and swift-water technicians to rescue boat helms and furKjraise￿. Our team works closely alongside HM Coastguard and other blue light services on call-outs. A busy year for ourvoluntsers During 2023, 8ARBÈ volunteers atteTtded over 20 call-outs. The call-outs ranged from missing pet50n searthes to mud rescue5. Our volunteers gave 2,000+ hours of their time during 2023. showng their dedication and Commitment to 8ARB's work in helF¥ng and rescuing people. FutKlra1sl￿ activities resumed after being paus￿1 during th8 Covid pandemic to comply restiiGtons. Risks Risks are regularfy reviewed durfng the BARB managemerrt committees morthly medngs. These are discussed and mitigating actions are considered. One of the nsks around fundraising was tnitigat&l during the year ￿th a knnd legacy donation towards the chartvs life-sav1￿ work and purchases. Roservos The charfty Is heavily dependeErt on sources of volutrtary income and the level of resetves has been deemed necessary to enable the charity to meet its objeotiV8s in the nexttwenty four months and to provide for the eventual replaoemert ofthe ￿ hovercrafL Page 2 BARB Trustee. Report (continued) The annual rewrt was approved by the trustees of the charity on 12..: 1 J4nd signed on their beh8lf by.. Mr 8rF Mr Mark Chairman awman Page 3 BARB Statement of Trustee, Responsibilities The trustee are responsble for preparing the trustee, report and the financial statements in 8ccordatKe with the United lQngdom Accounting Standards (United Kingdcrfn Gelleral￿ AcceF*ed Accounting Practice) and applieable law and regulations. The law applicable to chadlles requires the trustee to wepare finan(ial statements for each financial year which glve a tru8 and fair view of the state of affai￿ of the charity and of the incoming resources 8nd application of resources of the charity forthat pefiod. In weparing these finan(ial statements. the ttUStee are required to.. select suitable 4cGounttng policies aml then apyy them u)nsistentty: observe the methods and ptlncsFles in the Charifjes SORP., make judgements and estimatssthat are re￿Ona￿e and p￿￿ent. state whelheF appliCa￿e accounting starKlards have been followed, subject to any material departures disclosed and explain&l in the financial statements.. and prepare the fin8naal statements on the g(xng concem bass unless it is inapFKotKiate to presume that the charity wll continue in ￿SIness. The trustee are respollsible for keeping rffoper accounting reCo￿ts that disclose ￿1th reasonable accuracy at any time the financial position of the charity ar￿ enaile them to ensure that the finan(yal statements Gofflply wth the Charities Act 2011, the Charities {Accounts and Reports) Regulations 2008. and the provisions of the conslitulion. The trustee are also reSpOn￿bIe for safeguarthng the assets of the charity and hence for takiThJ reasonable steps for the prevention and detection of fraud arKI other irrvJularities. Page 4 BARB Independent Examiners Report to the trustees of BARB I report to the trustee on my examination of the accounts of BARB forthe year ended 31 October 2023. R•sponsibilitles and basis of report As the cha￿tY trustee of BARB you ale reSFX>nsi￿e for the preparation of the accounts in a¢xord8nce ￿th the r￿Uirements of the Charities Act 2011 (Ihe Act). I report In respect of my examination of the BARB* accounts carried out under 5e(lion 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direclions given by the Charity Commission under section 145{5)(b) of the Act. lnd0p•nd•￿ oxaminor's statsment Slnce BARBS gross income exceeded £250.000 your examiner must be a memb8r of a body Ilsted in 5ertion 145 of the 2011 Act. I confirn that l am qualified to undertake the examination beL%use l am a member of , whlch Is one of the listed bodies. I h8ve completgj my examination. l ¢xnfirn that no Material matters have come to my attention in COnne￿On ￿th the examination giving me cause to believe that in any materia resF*Ct: 1. aocounting reoords were not ke0 in respect of BARB as r￿uIred by s8thon 130 ofthe Act., or 2. the accounts do not accord with those records" or 3. the accounts do not comrAy with the accountlng requiremertts conGeming the fotm and contsnt of accounts set Olrt in the Charities (Accounts and Reports) Regulations 21XJ8 other tIEan any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examin8tion. I have no concems and have come across no other mattets in ¢onneclion with the examination to which attention should be drawn in Ihis report in order to enable a proper understandiThJ of the accounts to b8 r6ached. D Wright FCA Westcotts Chartered Accountants 80 Oxford Street Burnham on Sea Somerset Date.. Iq.7.£4 Page 5 BARB Statement of Financial Activities for the Year Ended 31 October 2023 Urtr¢stri¢tad funds Total 2023 Total 2022 Incomoand Endowmonts from: Donauons and legacie5 Investment incom& 6(￿.540 2,142 606,540 37,306 Total income 608 682 37,371 Expandituro on: Raising funds Govemance costs other expenditure Total expenditure (3,916) P.316) (3,916) (2,316) (924) (1,996) 82,541 82.541 Nel incomel{expenditure} 526.141 28,53 Nel movement in funds 526,141 526,141 (28,537) R•¢onciliation ol funds Total funds brought foThvard 310 131 310,131 338 668 Total funds cathed fopward 836.272 836,272 310,131 All of Ihe charitls activities derfve from continuFrKJ operations during the above tVK) ￿tfodS. The notes on pages 8 to 11 fom an integral part ofthese ffinan(?al st*ements. Page 6 BARB (Registration number: 10312631 Balance Sheet as at 31 October 2023 2023 2022 Fix¢d 2ss6ts Tangible assets 126,474 139,068 Currnnt ass•ts stocks Debtors Cash at bank and in hand 1,728 7,068 163889 7.073 703 685 711418 172,683 Total Assots 837,892 311,751 Curront LIAbilities Greditols and accruals 1.620 1,620 T¢*al assetsloss ¢urrnnt liablllths 836,272 310131 Funds of th• Charlly: T¢)tal funds 836,272 310,131 The finanGial Statements on pages 6 to 11 were approv￿ by the tru5tee5. and authorfsed for Essue on . and signed on their behalf by: Mr Graham Hallsworth Treasurer The notes on pages 8 to 11 fomi an integral part ofthese finanrial slatements. Page 7 BARB Noles to the Financial Statements for the Year Ended 31 October 2023 l A¢¢ounting poli¢ios statement of ¢ompllanc• The finanoal statements have been prepare(l in accordance *ith the second edition of the Charities Statement of Recommended Practice issued in OLlober 2019. the FinanLlld RepM)rtiThJ Standard applicable in Ihe UINted Kingdom and Republic of IrelatNJ (FRS 102) and the Charities Act 2011. Basis of preparation BARB meets the definition of a pubfic benefft entity under FRS 102. The aLxounts (financial statements) have been prepared under the historical cost convention wth it6n￿ recogrysed at Gost or transa¢llon value unless olh6Mse stated in the relwant note(s) to these accounis. Rocoqnition of incomo Income Is Inc1￿￿ed in the Statement of Finanaal Activtlies when the charity becomes 6ntitl&J to the resources. aNI the tnonelary value can be measured with suffiaent reliability. Grants and donation8 Gratts and dollations are only incI￿]ed in the Statement of Finan(aal Activities bthen the general income ¢rileria are met. Legacles Legacies are included in the Statement of Finaniaal Adtvtbes vthen the amourt notlfigj by the 8xeculors has been receiv￿. Offs•ttlng There has been no offsettirwJ of assets and lialil(ttes , or iftcorne and eXper￿s. unless required ￿ permitted by FRS 102. Glftald Incoming resourc8s from tax reclaims are includ￿1 in the Statemerrt of Finanual ALtvities at the same time as the gift to which they relate. InvKtmnt in¢om• Interest is incI￿jed in the aGGourts when a recei0 is probabte and the amount receivat48 can be measured reliably. Llabilty r•¢ognitlon Liabilities are reccgnised where it is more likely than not that there is a legal or ¢onslructive obligation committing the charity to pay out resources and the amount of the obligation Can be measured with reasonable certainly. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definlbon of 8 charitable company for UK cOr￿[a￿On Lqx purposes. Accordingly, the chatity is potentially exempt from taxation in respect of income or capital gains received within categories covereA by Chapter 3 Part 11 of the Corporation Tax Acl 2010 or Section 256 of the Taxation of Chargeable Gain5 AGi 1992. to the extent that such income or gains are applied exclusivety to charitable purpose5. Tangiblg fix•d assats Individual fixed assets costing £O.OQ or more are initially recorded at cost. less any subsequent accumulabj depreoation and subsequent accumulated impairment losses. Pag8 8 BARB Notes to the Financial Statements for the Year Ended 31 October 2023 (continued) Dopro¢iatlon and amortisatlon Desxeclatlon is provided on tangible fix￿ assets so as to wrtte off the cost or valuaticm, less any estimated r￿d￿al value, over their expected useful economic life as follokns. Asset class Buildings Fixtures Equlpment Office equipment Hovercraft & boats Motor vehicle5 Deprnciation m•thod and rnt• 1 % straight line 10% slraight line 20% straight line 25% straight line 10-33% straiglrt line 25% str￿ght line stock Stock is Valu￿ at the lowei of cost and esllmated selling txlce less cots to complete aThJ sell, after due regard for obsolete and slow MOVI￿ stooks. Cost is detem7in￿ using the fitst4n, first-out (FIFO). Dobtors Debtors (Includit¥J trade debtots aThl loans receivable) are measured on initsl recognition at settlement amount after any Ira(fe dI￿unts or arnounl advanced by the charity. Suttsequently, they 8re measurgj at the cash or other consideration expected to be receiv￿. Crodito The charity has creditors which are measured at setuement amounts less any trade discounts. 2 Staff costs No employees re¢elved employee benefrts for the repo￿￿ period. 3 Fees for oxamination of tho accounts 2023 2022 Accountancy fee Independent examinets fee 390 120 380 120 510 500 Page 9 14 ill14 i il"11-'1111 ez BARB Notes to the Financial Statements for the Y&qr Ended 31 October 2023 (continued) Sto¢k 2023 2022 Stocks 660 6 Doblors 2023 2022 Prepayments 7 Cash and cash equivalents 2023 2022 Cash on harKI Gash at bank Short4emi dor4Jsits 28 853,657 50,0 80 113,809 703,685 163,889 8 Crnditors: amounts falling dug within on? yoar 2023 2022 Trade creditors Accruals 120 1.500 120 1.620 7.$20 Page11 BARB Detailed Ststement of Financial Activities for the Year Ended 31 October 2023 Total 2023 Total 2022 Ineom• And EndoNvmonts from: Donations and legacies