Registered Charity No. 1052343
SOUTH SHIELDS VOLUNTEER LIFE BRIGADE
Report and Accounts
For the Year Ended 31 December 2020
TD Taxation Services 1 Two Ball Lonnen Fenham Newcastle upon Tyne NE4 9RN
SOUTH SHIELDS VOLUNTEER LIFE BRIGADE Year Ended 31 December 2020
| CONTENTS | |
|---|---|
| Page | |
| Officers and Advisers | 2 |
| Officers Report | 3-4 |
| Accountants’ Report | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7-8 |
| Detailed Profit and Loss Account | 9 |
1
SOUTH SHIELDS VOLUNTEER LIFE BRIGADE Year Ended 31 December 2020
Officers
The Officers forming the management committee of the charity are as follows;
President Janis Blower Honorary Secretary Tom Fennelly Honorary Treasurer Martin Robertson Honorary Assistant Treasurer Alan Ward Captain Mark Taylor Captain Martin Robertson Captain Gary Hannah Charity number 1052343 Registered address 78 Picktree Lodge Chester-le-street Co. Durham DH3 4DJ Accountants TD Taxation Services 1 Two Ball Lonnen Fenham Newcastle upon Tyne NE4 9RN
2
SOUTH SHIELDS VOLUNTEER LIFE BRIGADE Year Ended 31 December 2020
Officers Report
The Officers submit their annual report on the affairs of the charity, together with independently prepared financial statements, for the year ended 31 December 2020.
Principal activities
South Shields Volunteer Life Brigade was established in 1866 and is a registered charity (No. 1052343).
The charity performs life-saving activities on & around the South Shields shore-line.
Internal Financial Controls
The Officers have overall responsibility for ensuring that there is in place an appropriate system of controls, financial and otherwise, to provide reasonable confidence and assurances that :
-
The Charity’s administration is operating effectively and efficiently
-
The assets of the Charity are properly safeguarded against unauthorised loss or damages
-
Proper records are maintained and information produced for management control, fiscal and statutory reasons
Investment policy
Funds of the charity are held in a Lloyds Bank Treasurers Account and with Shawbrook Investment.
Risk Management
The Officers have examined the major strategic business and operational risks which the charity faces in conjunction with any similar charity operating locally. Continuing monitoring is undertaken so that the necessary steps can be taken to lessen these risks.
3
SOUTH SHIELDS VOLUNTEER LIFE BRIGADE Year Ended 31 December 2020
Statement of Officers’ Responsibilities
Charity law requires the Officers to arrange the preparation of financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of its financial activities for that period.
In preparing those financial statements the Officers are required to instruct the accountants to:
-
(a) Select suitable accounting policies and then apply them consistently;
-
(b) Make judgements and estimates that are reasonable and prudent;
-
(c) State whether the policies adopted are in accordance with the charities’ SORP disclosing and explain any departure in the financial statements and
-
(d) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The Officers are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity, and enable them to ensure that the financial statements comply with applicable Accounting Standards and Statements of Recommended Practice and the regulations made under Part 8 of the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
This report was approved by the Officers on ………………………
4
ACCOUNTANTS REPORT TO THE OFFICERS OF SOUTH SHIELDS VOLUNTEER LIFE BRIGADE Year ended 31 December 2020
We have prepared the financial statements for the year ended 31 December 2020 set out on pages 6 to 9.
The preparation work has been undertaken so that we might state to the charity’s Officers those matters we are required to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s Officers as a body, for the preparation of financial statements, for this report, or for the opinions we have formed.
Respective responsibilities of the Officers and Accountants
As Officers’ of South Shields Volunteer Life Brigade you are responsible for arranging for the preparation of the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards are set out in the Statement of officers’ Responsibilities.
We have been appointed as Accountants, and report in accordance with regulations made, under Part 8 of the Charities Act 2011. Our responsibility is to prepare the financial statements in accordance with relevant legal and regulatory requirements.
In our opinion, the Annual Report is consistent with the financial statements, the charity has kept proper accounting records, and we have received all the information and explanations we require. The financial statements give a true and fair view of the state of the Charity's affairs as at 31 December 2020 and of its incoming resources and application of resources for the period then ended and have been properly prepared in accordance with the Part 8 of the Charities Act 2011.
TD Taxation Services
1 Two Ball Lonnen Fenham Newcastle upon Tyne NE4 9RN
21 June 2021
5
SOUTH SHIELDS VOLUNTEER LIFE BRIGADE Balance Sheet As At 31 December 2020
| Notes Fixed assets Tangible assets 3 Investments Current assets Cash at bank and in hand Accruals Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Capital and reserves Profit and loss account 5 Trustees’ funds |
2020 £ 14,806 ___-__ 14,806 68,743 420 0 68,323 83,129 83,129 83,129 |
2019 £ 18,371 __-___ 18,371 56,676 420 0 56,256 74,627 74,627 74,627 |
|---|---|---|
Signed on behalf of the board of the trustees
…………………………………..
Mr TP Fennelly Hon. Secretary Approved by the Officers: …………..
6
SOUTH SHIELDS VOLUNTEER LIFE BRIGADE Year ended 31 December 2020 Balance Sheet (notes)
1 Accounting policies
The principal accounting policies are summarised below. They have all been applied consistently throughout the year and the preceding year.
Basis of accounting
The financial statements have been prepared have been properly prepared in accordance with the Charities Act 2011.
| 2 Interest receivable and similar income 2020 £ Investment interest 378 Interest was received from funds invested with Shawbrook Bank. 3 Tangible fixed assets Plant and Machinery Cost At 1 January 2020 Disposals 109,097 - Additions 1,375 At 31 December 2020 110,472 Depreciation At 1 January 2020 Charge for year 90,766 4,937 At 31 December 2019 95,666 Net book value At 1 January 2020 18,371 At 31 December 2020 14,806 |
2019 £ 68 Total 107,564 - 1,533 109,097 84,602 6,124 90,726 22,963 18,371 |
|---|---|
7
4 Leasehold Property
The cost of the property in the 19[th] Century, and later additions are not known by the officers. The open market value at 1 January 2020 is, in their opinion, uncertain or Nil due to the restrictive covenant on the 99 year lease from 1997 by the Port of Tyne Authority. This covenant states that the buildings can only be used as South Shields Volunteer Life Brigade headquarters. The officers consider there is no residual value.
| 5 Capital Account Brought forward Profit/(loss) for the financial year Carried forward |
2020 £ 74,627 8,502 83,129 |
2019 £ 69,817 4,810 74,627 |
|---|---|---|
8
SOUTH SHIELDS VOLUNTEER LIFE BRIGADE Detailed Profit and Loss Account For the Year Ended 31 December 2020
| Operating Income Miscellaneous Grants Fundraising events Donations Collection Boxes Administrative expenses Light and heat Repairs and maintenance Telephone Stationery and printing Sundry Training course fees Software Canteen and cleaning Equipment expenses Combined insurance Accountancy Diesel and oil Motor repairs Clothing Fundraising costs Website Depreciation of tangible fixed assets Operating profit/(loss) Other interest receivable Investment interest received Prior year interest adjustment Profit / (Loss) for the financial year |
2020 £ - 25,260 - 3,654 816 29,730 818 6,524 - - - 165 - 377 302 7,132 420 342 482 60 - 47 4,937 21,606 8,124 378 - 378 8,502 |
2019 £ - 12,580 4,598 4,402 _2,291 23,871 319 289 - 22 - 1,599 - - 309 7,254 420 288 188 922 1,240 69 6,124 19,043 4,828 68 (86) (18) 4,810 |
|---|---|---|
9