## **FELIXSTOWE LIFEBOAT** ## (FORMERLY, FELIXSTOWE VOLUNTEER COAST PATROL RESCUE SERVICE) ## FINACIAL STATEMENTS ----- For The Year Ended 31 March 2025 ----- 1 ## 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 2 ## 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 3 ## 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. 4 ## 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 5 ## 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 6 ## 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| |---|---|---| 7 ## 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 8 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| |||||| 9 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)||| |||











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