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:
1. 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.
2. 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.
3. 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