Registered number 04168050
Tynemouth Volunteer Life Brigade
Report and Unaudited Accounts
31 March 2022
Tynemouth Volunteer Life Brigade Report and Accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Trustees' report | 2 |
| Chartered Accountants' report | 4 |
| Income and expenditure account | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 |
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 2022. 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:
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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.
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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.
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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
During 2021-2022, as the Brigade adapted to the challenges and risks of COVID-19, we were able to achieve the majority of targets we had aimed to achieve.
Our Rescue Team remains operational, and, from the start of 2022, we have been able to welcome in a new cohort of trainees.
Our Watch House Team have been successful in gaining planning permission for a new external display, and also to make a number of alterations to our Museum grounds. Furthermore, they have completed renovations to the interior of our CRE. The restoration of the exterior of the Brigade cottage is well underway, but due to shortages in certain building materials, we have not yet been able to complete this project but anticipate doing so by the end of the 3rd quarter of 2022 at the latest.
Future Developments
Over the coming 12-months the Brigade intends to:
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Support Rescue Team members as they complete training, and re-fresher training, to achieve: trainer/instructor status in the HM Coastguard technical skill competencies of Rope & Water rescue; and also train members to deliver and assess advanced first aid qualifications.
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Complete repair work on the exterior of, and instigate an electrical rewire of the interior of, the Brigade Cottage.
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Complete a tender process to appoint a contractor to carry out the installation of a new external display and alterations to the entrance to the Watch House Museum.
-Continue to develop our fundraising revenue streams, especially those from the Great North Run
& Honorary Membership subscriptions to help grow the financial reserves of the Brigade.
Page 2
Tynemouth Volunteer Life Brigade Trustees' Report
Medium to long term targets:
The Directors of the Brigade commit to:
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Maintaining the financial security of the Brigade by having a minimum of £90,000, the equivalen of three year’s operating costs, held within our reserves
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Continuing to maintain and manage our Watch House Museum in compliance with guidance from Arts Council England, and the maintenance schedule identified as part of our 2014 restoration, to ensure future restoration projects are kept to a manageable level.
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Work through the redevelopment of the interior of the Brigade Cottage including upgrading the bathroom, kitchen, and internal decoration.
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Seeking external funding and local area support to establish a 2nd operational base for the rescue team in the Cullercoats/Whitley Bay area, equipped with a 2nd vehicle for the Rescue Team.
Transactions and financial positions
The Statement of Financial Activities shows net income for the year of £62,977 for the year, and our reserves stand at £216,697. 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.
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 31 January 2023.
Mr P E J Lilley Trustee
Page 3
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 2022 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
31 January 2023
Page 4
Tynemouth Volunteer Life Brigade Statement of Financial Activities for the year ended 31 March 2022
Summary income and expenditure account
| Notes Collection Incoming resources £ Donations and gifts 2 780 Operating activities to further objectives 3 2,105 Operating activities to generate funds 4 - Grants received 25,187 Interest income 5 - Investment income 5 - Other income - Total income 28,072 Resources expended Cost of generating funds 6 Running costs - Charitable expenditure 7 Management and administration 37,972 37,972 Net income for the year (9,900) Fund Restricted |
Unrestricted Fund £ 10,254 - 14,513 9,283 8 847 - 34,905 4,964 21,950 26,914 7,991 |
Total 2022 £ 11,034 2,105 14,513 34,470 8 847 - 62,977 4,964 59,922 64,886 (1,909) |
2021 £ 16,739 266 14,340 24,183 2 1,332 - 56,862 6,619 25,072 31,691 25,171 |
|---|---|---|---|
Page 5
Tynemouth Volunteer Life Brigade
Balance Sheet as at 31 March 2022
| Notes Fixed assets Tangible assets 9 Investments 10 Current assets Cash at bank and in hand Net current assets Net assets Funds: Unrestricted funds Restricted funds |
140,109 | 2022 £ 74,893 1,695 76,588 140,109 216,697 176,475 40,222 216,697 |
137,054 | 2021 £ 79,857 1,695 81,552 137,054 218,606 168,484 50,122 218,606 |
|---|---|---|---|---|
For the year ended 31 March 2022 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.
The company has opted not to file a copy of their income and expenditure account at Companies House in accordance with section 444 of the Companies Act 2006.
Mr P E J Lilley Trustee Approved by the board on 31 January 2023
Page 6
Tynemouth Volunteer Life Brigade Notes to the Accounts for the year ended 31 March 2022
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 Covid Grants Sundry credits 3 Activities to further objectives Collection boxes |
2022 £ 500 8,544 780 9,283 2,519 1,210 22,668 - 45,504 2022 £ 2,105 |
2021 £ - 15,129 300 21,683 2,500 1,310 - - 40,922 2021 £ 266 |
|---|---|---|
Page 7
Tynemouth Volunteer Life Brigade
Notes to the Accounts
for the year ended 31 March 2022
| 4 Activities for generating funds Annual supper Call out club Unrestricted Fund - Events Rescue Vehicle Fund - Events Will Hogg Wedding 5 Investment income Interest receivable Investment income Revaluation of fixed assets and investments Gain on revaluation of tangible fixed assets 6 Costs of generating funds Depreciation 7 Charitable expenditure Equipment Operating costs Repairs and maintenance Sundry Uniforms Support costs Grant expenditure Rescue training |
2022 £ 2,572 300 9,798 - 1,843 14,513 2022 £ 8 847 855 2022 £ - - 2022 £ 4,964 4,964 2022 £ 338 2,707 12,422 25,550 2,259 12,582 4,014 50 59,922 |
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 |
|---|---|---|
Page 8
Tynemouth Volunteer Life Brigade Notes to the Accounts
for the year ended 31 March 2022
| 8 Surplus for the year The surplus of income over expenditure is stated after charging: Depreciation 9 Tangible fixed assets Land and buildings Plant and machinery etc £ £ Cost and revaluation At 1 April 2021 60,000 8,843 Additions - - Surplus on revaluation - - Disposals - - At 31 March 2022 60,000 8,843 Depreciation At 1 April 2021 - 8,843 Charge for the year - - On disposals - - At 31 March 2022 - 8,843 Net book value At 31 March 2022 60,000 - At 31 March 2021 60,000 - 10 Investments Cost At 1 April 2021 At 31 March 2022 Other investments Listed investments Listed investments at market value |
2022 £ 4,964 4,964 Motor vehicles £ 53,553 - - - 53,553 33,696 4,964 - 38,660 14,893 19,857 2022 £ 1,695 20,059 |
2021 £ 6,619 6,619 Total £ 122,396 - - - 122,396 42,539 4,964 - 47,503 74,893 79,857 Other investments £ 1,695 1,695 2021 £ 1,695 19,634 |
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Page 9
Tynemouth Volunteer Life Brigade Notes to the Accounts for the year ended 31 March 2022
11 Analysis of net assets between the funds
| Tangible fixed assets Investments Net current assets |
Unrestricted Fund £ 74,893 1,695 99,887 176,475 |
Restricted Fund £ - - 40,222 40,222 |
Total £ 74,893 1,695 140,109 216,697 |
|---|---|---|---|
12 Statement of funds
| Unrestricted funds Restricted funds |
At 1 April 2021 £ 168,484 50,122 218,606 |
Income £ 34,905 28,072 62,977 |
Expenditure £ 26,914 37,972 64,886 |
Revaluations £ - - - |
March 2022 £ 176,475 40,222 216,697 |
|---|---|---|---|---|---|
13 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.
14 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 10