FELIXSTOWE VOLUNTEER COAST PATROL RESCUE SERVICE
FINACIAL STATEMENTS
For The Year Ended 31 March 2021
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FELIXSTOWE VOLUNTEER COAST PATROL RESCUE SERVICE
INDEX
PAGE
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3 to 5 TRUSTEES ANNUAL REPORT
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6 INDEPENDENT EXAMINERS REPORT
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7 STATEMENT OF FINANCIAL ACTIVITIES
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8 BALANCE SHEET
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9 & 10 NOTES TO FINANCIAL ACTIVITIES
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FELIXSTOWE VOLUNTEER COAST PATROL RESCUE SERVICE
TRUSTEES ANNUAL REPORT
For the year Ended 31 March 2021
The Trustees have pleasure in presenting their Report and the unaudited Financial Statements for the year ended 31 March 2021.
LEGAL STATUS.
The Felixstowe Volunteer Coast Patrol Rescue Service was registered as a charity (number 1082443) on 16 September 2000.
| Principal address | - | 2 Darsham Close, Felixstowe, IP11 2YH |
|---|---|---|
| Bankers | - | Barclays Bank, Princes Street, Ipswich. |
| Solicitors | - | Fairstep, 18 Hamilton Road, Felixstowe. |
| Accountants | - | BWM, 43 Castle Street, Liverpool. |
The Trustees who served during the year were as follows;
J Cresswell
S Comber
J Harvey
D Wright
John Brett
P Randle
T Edward
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FELIXSTOWE VOLUNTEER COAST PATROL RESCUE SERVICE
TRUSTEES ANNUAL REPORT
For the year Ended 31 March 2021
(continued)
Objectives
To protect and preserve life at sea by the provision of a volunteer coast patrol rescue service.
Organisational Structure
The trustees are responsible for promoting the image and aims of the service. The day to day operation in terms of conduct, administration, management and control of all affairs is vested in the Executive Committee. This Committee comprises of the Trustees plus no more than six volunteers from the service.
Relationship with Connected Charities.
No connections to other charities.
How the Trustees govern the Charity.
The Trustees govern the Charity by attendance at the quarterly Committee meetings.
Strategy adopted to meet Objectives
Funds are raised by the Charity together with donations from local individuals, Trusts and commercial organisations.
All monies raised and donated for and on behalf of the Service are used only for the purposes as agreed by the committee.
Policy on Reserves
The Charity currently has no policy on reserves.
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FELIXSTOWE VOLUNTEER COAST PATROL RESCUE SERVICE
TRUSTEES ANNUAL REPORT
For the year Ended 31 March 2021
(continued)
Investment Policy
The Charity currently has no policy on investments.
Grant making Policies
No charitable donations are made.
Risk Management
The Trustees have examined the principal areas of the Charity’s operations and considered the major risks found in each of these areas. In the opinion of the Trustees, the Charity has established resources and review systems which under normal conditions should allow these risks to be mitigated to an acceptable level in its day to day operations. A continuing review of Health and Safety procedures has been maintained.
Responsibilities of the Trustees
The Charities Act requires the Trustees to prepare Financial Statements for each financial period which give a true and fair view of the state of affairs of the Charity at the end of the period and of the surplus or deficiency for the period then ended.
In preparing those Financial Statements, the Trustees are required to select suitable accounting policies, as described on page 7 and then apply them on a consistent basis, making judgements and statements that are prudent and reasonable. The Trustees must also prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will not continue.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial Statements comply with the Charities Act 2011. The Trustees are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the Trustees
S Comber
30[th] September 2021
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Independent Examiner’s Report to the Trustees of Felixstowe Volunteer Coast Patrol Rescue Service
We report on the Financial Statements of the Charity for the year ended 31 March 2021 set out on pages 5 to 8.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
• follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with our examination, no matter has come to my attention:
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(1) which gives us reasonable cause to believe that, in any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Anita Mason ICAEW
BWM, 43 Castle Street,
Liverpool.
20 August 2020
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FELIXSTOWE VOLUNTEER COAST PATROL RESCUE SERVICE
STATEMENT OF FINANCIAL ACTIVITIES
For the year Ended 31 March 2021
| NOTE INCOMING RESOURCES Donations etc. Insurance claim Fundraising PPE / uniform purchased by volunteers Legacies TOTAL INCOMING RESOURSES RESOURSES EXPENDED New boat, engines, fittings & trailer Direct Charitable Expenditure 3 Management and Administration Costs 4 TOTAL RESOURSES EXPENDED NET INCOMING RESOURCES FOR THE YEAR TOTAL FUNDS BROUGHT FORWARD AT 1 APRIL TOTAL FUNDS BROUGHT FORWARD AT 31 MARCH |
2021 £ 18,026 0 1,137 0 42,105 61,268 0 23,412 2,170 25,582 35,686 2,824 45,557 |
2020 £ 14,303 7,068 1,723 766 0 23,860 7,298 24,570 1,032 32,900 (9,040) 1,802 2,824 |
|---|---|---|
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FELIXSTOWE VOLUNTEER COAST PATROL RESCUE SERVICE
BALANCE SHEET
For the year Ended 31 March 2021
| NOTE FIXED ASSETS Motor Vessels and fittings 1(d) Motor Vehicle Equipment 2 CURRENT ASSETS Cash in the Bank TOTAL ASSETS REPRESENTED BY UNRISTRICTED FUNDS(Page 5) Approved by the Trustees and signed on their behalf by |
2021 £ 18,599 1,302 1,213 21,114 45,557 66,671 30,975 |
2020 £ 24,798 1,736 1,617 28,151 2,824 30,975 32,038 |
|---|---|---|
S Comber
28[th] January 2022
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FELIXSTOWE VOLUNTEER COAST PATROL RESCUE SERVICE
NOTES TO THE FINACIAL STATEMENTS
For the year Ended 31 March 2020
1) ACCOUNTING POLICIES
Basis of Preparation
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(a) The Financial Statements have been prepared under the historical cost convention and in line with standard accounting practice for charities.
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(b) Income is recognised on a receipt’s basis.
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(c) Expenditure is recognised in the year in which it is paid.
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(d) Fixed assets are stated at cost less depreciation.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of all assets evenly as follows;
Motor Vessels and Fittings 25% on reducing balance basis Motor Vehicle 25% on reducing balance basis Equipment 25% on reducing balance basis
2) FIXED ASSETS
| 2)FIXED ASSETS | ||||
|---|---|---|---|---|
| Cost At 1 April 2020 Additions At 31 March 2021 Depreciation At 1 April 2020 Charge for the year Net Book Value At 31 March 2020 |
Motor Vessel And Fittings £ 24,798 0 24,798 8,266 6,199 18,599 |
Motor Vehicle £ 1,736 0 1,736 578 434 1,302 |
Equipment £ 1,617 0 1,617 539 404 1,213 |
Total £ 28,151 0 28,151 9,383 7,037 21,114 |
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FELIXSTOWE VOLUNTEER COAST PATROL RESCUE SERVICE
NOTES TO THE FINACIAL STATEMENTS
| For the year Ended 31 March 2020 (Continued) 2021 3) DIRECT CHARITABLE EXPENDITURE Service and Repairs 13,718 PPE (helmets) 2,235 Insurance (3c) 0 Fuel (3b) 201 Service Medical Equipment 0 Fund raising expenditure 185 Web site 36 Depreciation 7,037 TOTAL 23,412 3b) East of England Co Op provided most of this year’s fuel free of charge. 3c) A local company paid for our insurances. 4) MANAGEMENT AND ADMINISTRATION Postage and Stationery 89 Mobile Telephone 140 Professional fees 0 Business rates 489 RYA fees 672 Sundry Expenses 748 Bank Fees 32 TOTAL 2,170 |
2020 11,122 0 3,606 256 0 167 36 9,383 24,570 45 120 0 0 299 536 32 1,032 |
|---|---|
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