2025-03-31-accounts - Felixstowe Lifeboat

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FELIXSTOWE LIFEBOAT

(FORMERLY, FELIXSTOWE VOLUNTEER COAST PATROL RESCUE SERVICE)

FINACIAL STATEMENTS

For The Year Ended 31 March 2025

FELIXSTOWE LIFEBOAT

INDEX

PAGE

3 to 5 TRUSTEES ANNUAL REPORT
6 INDEPENDENT EXAMINERS REPORT 7 STATEMENT OF FINANCIAL ACTIVITIES 8 BALANCE SHEET 9 & 10 NOTES TO FINANCIAL ACTIVITIES

FELIXSTOWE LIFEBOAT

TRUSTEES ANNUAL REPORT

For the year Ended 31 March 2025

The Trustees have pleasure in presenting their Report and the unaudited Financial Statements for the year ended 31 March 2025.

LEGAL STATUS.

The Felixstowe Lifeboat was registered as a charity (number 1082443) on 16 September 2000

Principal address	-	9 Constable Road Felixstowe, IP11 7HL
Bankers	-	Barclays Bank, Princes Street, Ipswich.
Solicitors	-	Fairstep, 18 Hamilton Road, Felixstowe.
Accountants	-	BWM, Castle Street, Liverpool.

The Trustees who served during the year were as follows;

John Brett

Simon Comber

Clive Garnham

Lee Calver

Marie Worley

Isabel Lelijveld

Christopher Pell

FELIXSTOWE LIFEBOAT

TRUSTEES ANNUAL REPORT

For the year Ended 31 March 2025

(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-today 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.

FELIXSTOWE LIFEBOAT

TRUSTEES ANNUAL REPORT

For the year Ended 31 March 2025

(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] Aug 2025

Independent Examiner’s Report to the Trustees of Felixstowe Lifeboat

We report on the Financial Statements of the Charity for the year ended 31 March 2025 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:

(1) which gives us reasonable cause to believe that, in any material respect, the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and

• 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. 30[th] Aug 2025

FELIXSTOWE LIFEBOAT

STATEMENT OF FINANCIAL ACTIVITIES

For the year Ended 31 March 2025

NOTE INCOMING RESOURCES Donations etc. Fundraising Grants Sale of “Volunteer” 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	2025 £ 26,282 1,775 6,000 19,000 53,057 0 35,980 6,179 42,159 10,898 18,099 20,795	2024 £ 6,524 1,556 10,000 0 18,080 0 33,343 680 34,023 (15,943) 29,644 18,099

FELIXSTOWE LIFEBOAT

BALANCE SHEET

For the year Ended 31 March 2025

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	2025 £ 10,012 732 683 11,427 20,795 32,222 32,222	2024 £ 13,349 977 910 15,836 18,099 33,935 33,935

S Comber

30[th] Aug 2025

FELIXSTOWE LIFEBOAT

NOTES TO THE FINACIAL STATEMENTS

For the year Ended 31 March 2025

1) ACCOUNTING POLICIES

Basis of Preparation

(a) The Financial Statements have been prepared under the historical cost convention and in line with standard accounting practice for charities.
(b) Income is recognised on a receipt’s basis.
(c) Expenditure is recognised in the year in which it is paid.
(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 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for the year Net Book Value At 31 March 2025	Motor Vessel And Fittings £ 13,349 0 13,349 4,650 3,337 10,012	Motor Vehicle £ 977 0 977 325 245 732	Equipment £ 910 0 910 303 227 683	Total £ 15,236 0 15,236 5,278 3,809 11,427

FELIXSTOWE LIFEBOAT

NOTES TO THE FINACIAL STATEMENTS

NOTES TO THE FINACIAL STATEMENTS
For the year Ended 31 March 2025 (Continued) 3) DIRECT CHARITABLE EXPENDITURE Service and Repairs Marina Berthing PPE Insurance (3c) Fuel (3b) Medicals Fund raising expenditure Web site & IT Out Source Training Depreciation TOTAL 3c) A local company paid for our main insurances. 4) MANAGEMENT AND ADMINISTRATION Postage and Stationery Telephone / broadband Professional fees Rent Business rates Eleectricity Cleaning DBS checks Subscriptions / membership Sundry Expenses Bank Fees TOTAL	2025 12,916 2,650 750 2,098 3,275 500 646 669 8,667 3,809 35,980 241 0 0 600 135 82 1,235 386 422 3,078 0 6,179	2024 17,234 0 2,350 2,100 3,503 0 1,631 197 1,050 5,278 33,343 0 0 0 0 130 0 0 0 100 448 0 678
3) 3c) 4)