Registered number 04168050
Tynemouth Volunteer Life Brigade
Report and Unaudited Accounts
31 March 2021
Tynemouth Volunteer Life Brigade Report and Accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Trustees' report | 2 |
| Chartered Accountants' report | 5 |
| Income and expenditure account | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 |
Tynemouth Volunteer Life Brigade Company Information
Trustees
Mr D V Bell Mr N Peters Mr A G Wallace Mr J D Wright Mr P E J Lilley Mr D L Reed Mr J Peters Mr A H Graham Mr D C Graham Mr L Harrison Mr S Littlewood
Secretary
Mr P E J Lilley
Accountants
Bland & Wood Chartered Accountants 6B Planet Business Centre Planet Place Killingworth Newcastle upon Tyne NE12 6DY
Bankers
National Westminster Bank plc 18 Park View Whitley Bay Tyne & Wear NE26 2TQ
Registered office
The Watch House Spanish Battery Tynemouth Tyne & Wear NE30 4DD
Registered number
04168050
Page 1
Tynemouth Volunteer Life Brigade Trustees' Report
The trustees present their annual report and financial statements for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.
Objects of the charity, principal activities and organization of our work
Tynemouth Volunteer Life Brigade, founded in 1864, has three distinctive objects:
-
To save life and aid persons and vessels in distress on the coast and elsewhere and in the case of shipwreck by any means necessary including, but not limited to, the provision of a declared facility to Her Majesty's Coastguard.
-
To conserve and develop the Watch House, associated properties and artefacts and to record, maintain and disseminate information on the history of the Brigade for the benefit and education of the community.
-
To promote coastal safety and to educate children and other persons of the dangers inherent to the coast in order to safeguard the community.
The Brigade is most commonly associated with our coastal search and rescue team, which principally fulfil the aim of our 1st objective. The team specialise in rope, water, and coastal search and rescue, and also have extensive first aid skills. The team are permanently on call – attending an average of 120-130 incidents per year. The team are a ‘declared facility’ to Her Majesty’s Coastguard, representing them in the North Tyneside area.
As well as a rescue team of around 20, the Brigade has a Committee of Directors who manage the whole of the organisation. There is also a wider support structure of around another 20 members who support the operation and running of our Watch House Museum, and work with the Rescue Team to provide sea and water safety talks.
Development, activities and achievements this year
COVID-19 has presented a very challenging landscape for the Brigade to operate in. Throughout the previous 12 months we have continued to provide our coastal rescue service – with callouts remaining at high levels and showing no sign of abating during the first three months of 2021. The risks posed by COVID have necessitated an adaptability and pragmatism that the team are used to demonstrating, but the challenges of the past 12 months are certainly some of the most memorable in recent years. This has included at times needing to prioritise callout response above training and ensuring that all activities are thoroughly risk assessed and rated against the risks posed by COVID against the risks to the Brigade and public of not carrying out the activity. Our members have risen to the challenges, with the Directors offering support and assistance.
Our Watch House Museum has been closed for almost all of the year, with only limited visitors attending when we were able to open in September & October. However, our Watch House team have used the time to ensure the building is COVID-secure for when we are able to open and have offered a number of remote and virtual options to continue our work on promoting water safety, and educating individuals and groups on our rich and detailed history.
With prudent financial management led by our Treasurer and supported by our Directors, we were very cautious with our expenditure as assessments were made as to the impact COVID would have on fundraising. While several regular income streams from fundraising events have not been available during 2020, we have been very fortunate to receive financial backing from our local council and from numerous local businesses and individuals. This has allowed us to now have confidence in our financial position and carry on with repairs to the Brigade Cottage and a number of other projects that we are in the process of developing.
Page 2
Tynemouth Volunteer Life Brigade Trustees' Report
Future Developments
Over the coming 12-months the Brigade intends to:
-
Complete refresher training with the Rescue Team on certain areas that were delayed during 2020 and recruit several new members to the team.
-
Complete repair and replacement work on the Brigade Cottage and the painting of the outside of the Watch House museum.
-
Seek planning permission to install a new external museum display and a number of other developments to the Watch House garden.
-
Carry out redevelopment work to our CRE building where our rescue vehicle is stored - Maintain the financial security of the Brigade by having a minimum of three years operating costs held within our reserves.
Transactions and financial positions
The Statement of Financial Activities shows net income for the year of £43,110 for the year, and our reserves stand at £143,531. Our fundraising efforts were once again successful this year and we continue to apply for grants whenever possible. We are also most grateful for the donations we have received from supporters, some of which have been extremely generous. During this financial year we have been fortunate to have received grants from the following: R. W. Mann Trust, Tyne & Wear Archives & Museums, and North Tyneside Council. We have continued to receive regular support from The W. A. Handley Trust, who have supported us for many years along with Tynemouth Rotary Club. All monies received have enabled us to purchase necessary equipment and maintain our high standards of service.
Tangible Fixed assets for use by the charity
Details of movements in fixed assets are set out in note 10 to the accounts.
Investment policy and returns
Under the memorandum and articles of association, the charity has the power to make any investment, which the trustees see fit. The current investments are returning the expected percentage.
Reserves
The present level of funding is adequate to support the continuation of the TVLB, but we are always looking for further sources of funding, as replacing and maintaining our rescue equipment is costly and the running costs for the museum are always escalating.
Directors and trustees
All directors of the company are also trustees of the charity, and there are no other trustees. All of the trustees named on page 1 served throughout the year. The Board has the power to appoint additional trustees, as it considers fit to do so.
Page 3
Tynemouth Volunteer Life Brigade Trustees' Report
Risk Management
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faces by the charity and confirm that they have established systems to mitigate the significant risks.
This report was approved by the board on 24 December 2021.
Mr P E J Lilley Trustee
Page 4
Tynemouth Volunteer Life Brigade Chartered Accountants' Report
Chartered Accountants' Report to the Board of Directors on the unaudited accounts of Tynemouth Volunteer Life Brigade
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tynemouth Volunteer Life Brigade for the year ended 31 March 2021 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the trustees of Tynemouth Volunteer Life Brigade, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Tynemouth Volunteer Life Brigade and state those matters that we have agreed to state to the trustees of Tynemouth Volunteer Life Brigade, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tynemouth Volunteer Life Brigade and its trustees, as a body, for our work or for this report.
It is your duty to ensure that Tynemouth Volunteer Life Brigade has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Tynemouth Volunteer Life Brigade. You consider that Tynemouth Volunteer Life Brigade is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of Tynemouth Volunteer Life Brigade. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the accounts.
Bland & Wood Chartered Accountants
6B Planet Business Centre Planet Place Killingworth Newcastle upon Tyne NE12 6DY
24 December 2021
Page 5
Tynemouth Volunteer Life Brigade Statement of Financial Activities for the year ended 31 March 2021
Summary income and expenditure account
| Notes Collection Incoming resources £ Donations and gifts 2 300 Operating activities to further objectives 3 266 Operating activities to generate funds 4 - Grants received 2,500 Interest income 5 - Investment income 5 234 Other income - Total income 3,300 Resources expended Revaluation of fixed assets and investments Tangible fixed assets 6 - Investments - - Cost of generating funds 7 Running costs - Charitable expenditure 8 Management and administration 7,359 7,359 Net income for the year (4,059) Fund Restricted |
Unrestricted Fund £ 16,439 - 14,340 21,683 2 1,098 - 53,562 - - - 6,619 17,713 24,332 29,230 |
Total 2021 £ 16,739 266 14,340 24,183 2 1,332 - 56,862 - - - 6,619 25,072 31,691 25,171 |
2020 £ 22,669 2,914 14,221 7,697 15 1,845 - |
|---|---|---|---|
| 49,361 60,000 - |
|||
| 60,000 8,825 41,807 |
|||
| 50,632 | |||
| 58,729 |
Page 6
Tynemouth Volunteer Life Brigade Balance Sheet as at 31 March 2021
| Notes Fixed assets Tangible assets 10 Investments 11 Current assets Cash at bank and in hand Net current assets Net assets Funds: Unrestricted funds Restricted funds |
137,054 | 2021 £ 79,857 1,695 81,552 137,054 218,606 168,484 50,122 218,606 |
105,264 | 2020 £ 86,476 1,695 |
|---|---|---|---|---|
| 88,171 105,264 |
||||
| 193,435 | ||||
| 139,254 54,181 |
||||
| 193,435 |
For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibility for complying with the requirements of the Companies Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
Mr P E J Lilley Trustee Approved by the board on 24 December 2021
Page 7
Tynemouth Volunteer Life Brigade Notes to the Accounts for the year ended 31 March 2021
1 Accounting policies
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value with the exception of investments which are included at market value. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 20% straight line Motor vehicles 25% reducing balance
In addition to the above assets, the company has the use of a number of historic assets which, due to their age and unique nature, it is not practical to capitalise.
Investments
Investments are stated at market value at the balance sheet date.
| 2 Donations and legacies Coastguard Unrestricted Fund - Donations Collection Fund - Donations Unrestricted Fund - Grants Collection Fund - Grants Honorary members Watch House Visits Sundry credits 3 Activities to further objectives Collection boxes |
2021 £ - 15,129 300 21,683 2,500 1,310 - - 40,922 2021 £ 266 |
2020 £ 500 16,990 2,847 6,500 1,197 1,080 613 639 |
|---|---|---|
| 30,366 | ||
| 2020 £ 2,914 |
Page 8
Tynemouth Volunteer Life Brigade
Notes to the Accounts for the year ended 31 March 2021
| 4 Activities for generating funds Annual supper Call out club Unrestricted Fund - Events 5 Investment income Interest receivable Investment income 6 Revaluation of fixed assets and investments Gain on revaluation of tangible fixed assets 7 Costs of generating funds Depreciation 8 Charitable expenditure Equipment Operating costs Repairs and maintenance Sundry Uniforms Support costs Grant expenditure Rescue training |
2021 £ 5,009 250 9,081 14,340 2021 £ 2 1,332 1,334 2021 £ - - 2021 £ 6,619 6,619 2021 £ 2,215 2,955 6,613 746 749 11,664 - 130 25,072 |
2020 £ 2,555 300 11,366 |
|---|---|---|
| 14,221 | ||
| 2020 £ 15 1,845 |
||
| 1,860 | ||
| 2020 £ 60,000 |
||
| 60,000 | ||
| 2020 £ 8,825 |
||
| 8,825 | ||
| 2020 £ 4,690 5,633 6,463 554 3,316 12,452 5,812 2,887 |
||
| 41,807 |
Page 9
Tynemouth Volunteer Life Brigade
Notes to the Accounts
for the year ended 31 March 2021
| 9 Surplus for the year The surplus of income over expenditure is stated after charging: Depreciation 10 Tangible fixed assets Land and buildings Plant and machinery etc £ £ Cost and revaluation At 1 April 2020 60,000 8,843 Additions - - Surplus on revaluation - - Disposals - - At 31 March 2021 60,000 8,843 Depreciation At 1 April 2020 - 8,843 Charge for the year - - On disposals - - At 31 March 2021 - 8,843 Net book value At 31 March 2021 60,000 - At 31 March 2020 60,000 - 11 Investments Cost At 1 April 2020 At 31 March 2021 Other investments Listed investments Listed investments at market value |
2021 £ 6,619 6,619 Motor vehicles £ 53,553 - - - 53,553 27,077 6,619 - 33,696 19,857 26,476 2021 £ 1,695 19,634 |
2020 £ 8,825 |
|---|---|---|
| 8,825 | ||
| Total £ 122,396 - - - |
||
| 122,396 | ||
| 35,920 6,619 - |
||
| 42,539 | ||
| 79,857 | ||
| 86,476 | ||
| Other investments £ 1,695 |
||
| 1,695 | ||
| 2020 £ 1,695 |
||
| 22,046 |
Page 10
Tynemouth Volunteer Life Brigade Notes to the Accounts for the year ended 31 March 2021
12 Analysis of net assets between the funds
| Analysis of net assets between the funds | |||
|---|---|---|---|
| Tangible fixed assets Investments Net current assets |
Unrestricted Fund £ 79,857 1,695 86,932 168,484 |
Restricted Fund £ - - 50,122 50,122 |
Total £ 79,857 1,695 137,054 |
| 218,606 |
13 Statement of funds
| Statement of funds | |||||
|---|---|---|---|---|---|
| Unrestricted funds Restricted funds |
At 1 April 2020 £ 139,254 54,181 193,435 |
Income £ 53,562 3,300 56,862 |
Expenditure £ 24,332 7,359 31,691 |
Revaluations £ - - - |
March 2021 £ 168,484 50,122 |
| 218,606 |
14 Company status
The Company is Limited by Guarantee without a share capital. It was incorporated on 26 February 2001 and took over the activities of the Charitable Trust operating under the same name on 21 November 2002.
15 Rocket House
The Company is the sole corporate trustee of the Rocket House. This came into place on 29 August 2019 when the Brigade, operating on charity number 1093237, (amalgamated with charity 2386655 on 13 January 2003), passed a written resolution at an extraordinary general meeting.
Page 11