**Registered Charity No. 1052343**
## **SOUTH SHIELDS VOLUNTEER LIFE BRIGADE**
## **Report and Accounts**
**For the Year Ended 31 December 2024**
TD Taxation Services 1 Two Ball Lonnen Fenham Newcastle upon Tyne NE4 9RN
## **SOUTH SHIELDS VOLUNTEER LIFE BRIGADE Year Ended 31 December 2024**
|**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 2024**
## **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 **Senior Captain** Mark Taylor **Captain** David Ratcliffe **Captain** Steven West **Honorary Assistant Secretary** Norman Jenson **Historian** David Robertson **Committee Member Operational** Siobhan Ashley-Cleary **Committee Member Operational** Jade Sutherland
**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 2024**
## **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 2024.
## **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, Lloyds Bank Deposit 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 2024**
## **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 2024**
We have prepared the financial statements for the year ended 31 December 2024 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 2024 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
## _**20 March 2025**_
5
## **SOUTH SHIELDS VOLUNTEER LIFE BRIGADE Balance Sheet As at 31 December 2024**
|**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**|**2024**
**£**
26,361
**___-__**
26,361
108,976
420
0
108,556
134,917
134,917
134,917|**2023**
**£**
12,905
**__-___**
12,905
86,851
420
0
86,431
99,336
99,336
99,336|
|---|---|---|
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 2024 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**
**2024**
**£**
Investment interest
2,477
Interest was received from funds invested with Shawbrook Bank and
Bank
**3**
**Tangible fixed assets Plant and**
**Machinery**
**Cost**
At 1 January 2024
Disposals
123,875
-
Additions
22,243
At 31 December 2024
146,118
**Depreciation**
At 1 January 2024
Charge for year
110,970
8,787
At 31 December 2024
119,757
**Net book value**
At 1 January 2024
12,905
At 31 December 2024
26,361
|**2023**
**£**
806
Lloyds
**Total**
123,875
-
22,243
146,118
110,970
8,787
119,757
12,905
26,361|
|---|---|
||
|
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 2024 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
|**2024**
**£**
99,336
35,581
134,917
|
|**2023**
**£**
90,191
9,145
99,336|
|---|---|---|---|
|||
||
8
## **SOUTH SHIELDS VOLUNTEER LIFE BRIGADE Detailed Profit and Loss Account For the Year Ended 31 December 2024**
|**Operating Income**
Miscellaneous
Grants
Fundraising events
Donations
Collection Boxes
**Administrative expenses**
Light and heat
Repairs and maintenance
Equipment hire
Postage, Stationery and printing
Sundry
Training
Travel
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
**Profit / (Loss) for the financial year**
|**2024**
**£**
-
42,451
1,367
9,875
3,753
57,446
56
4,773
870
84
113
549
127
187
1,435
4,973
420
623
740
306
243
56
8,787
24,342
**33,104**
2,477
**35,581**
|
|**2023**
**£**
-
11,215
1,028
8,198
2,749
23,190
599
1,467
-
8
-
(135)
-
-
707
5,928
420
620
629
175
60
71
4,302
14,851
**8,339**
806
**9,145**|
|---|---|---|---|
|||
||
9