Registered number 04168050
## **Tynemouth Volunteer Life Brigade**
## **Report and Unaudited Accounts**
## **31 March 2023**
## **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 J Peters Mr A H Graham Mr D C Graham Mr L Harrison Mr S Littlewood Dr R Day Mr D Steven
## **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 2023. 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**
Across the 2022-2023 financial year, the Brigade had a very successful period during which a great deal of development and improvement took place.
Our Rescue Team has continued to thrive, with members completing external qualifications as trainers in rope and water rescue, as well as a group of six completing an advanced first aid qualification. The team was also inspected by HM Coastguard as part of the three-yearly accreditation process for Declared Facility Status, and received an excellent report.
In addition, we received the unexpected bonus of receiving full grant funding for a 2nd vehicle. While this has meant we have had to bring forward our plans for the 2nd vehicle, this has been a very welcome challenge to engage with.
Boosted by numerous successful fundraising activities, our Watch House Team have been able to complete the painting of the exterior of our cottage, and our new external display and alterations to the entrance of the museum are due for completion in mid spring.
## **Future Developments**
Over the coming 12 months the Brigade intends to:
- Support the Rescue Team as it prepares to operate with a 2nd rescue vehicle for the first time in its history. This will include securing additional funding for the new equipment required to kit out the vehicle, and finding a secure and accessible base for the vehicle to be based in.
- Review the condition of the interior of the Brigade Cottage and carry out repair, replacement and restoration work as appropriate and in line with the organisation’s financial capabilities.
- Start the planning and preparation work for celebrating the Brigade’s 160th anniversary in 2024.
Page 2
## **Tynemouth Volunteer Life Brigade Trustees' Report**
Medium to long term targets:
The Directors of the Brigade commit to:
- Maintaining the financial security of the Brigade by having a minimum of £90,000, the equivalent of three year’s operating costs, held within our reserves.
- 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.
## **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 28 December 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 2023 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
28 December 2023
Page 4
## **Tynemouth Volunteer Life Brigade Statement of Financial Activities for the year ended 31 March 2023**
## **Summary income and expenditure account**
|**Notes**
Rescue
Collection
Vehicle
Incoming resources
**£**
Donations and gifts
2
1,679
-
Operating activities to further objectives
3
2,878
-
Operating activities to generate funds
4
-
-
Grants received
9,450
55,751
Interest income
5
-
-
Investment income
5
-
-
Other income
-
-
**Total income**
14,007
55,751
Resources expended
**Cost of generating funds**
6
Running costs
-
-
**Charitable expenditure**
7
Management and administration
47,738
-
47,738
-
**Net income for the year**
(33,731)
55,751
**Fund**
**Restricted**|**Unrestricted**
**Fund**
**£**
7,612
-
20,548
20,180
29
1,040
-
49,409
11,008
33,086
44,094
5,315|**Total**
**2023**
**£**
9,291
2,878
20,548
85,381
29
1,040
-
119,167
11,008
80,824
91,832
27,335|**2022**
**£**
11,034
2,105
14,513
34,470
8
847
-|
|---|---|---|---|
||||62,977
4,964
59,922|
||||64,886|
||||(1,909)|
Page 5
## **Tynemouth Volunteer Life Brigade Balance Sheet as at 31 March 2023**
|**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|149,313|**2023**
**£**
93,024
1,695
94,719
149,313
244,032
181,790
62,242
244,032|140,109|**2022**
**£**
74,893
1,695|
|---|---|---|---|---|
|||||76,588
140,109|
||||||
|||||216,697|
|||||176,475
40,222|
|||||216,697|
For the year ended 31 March 2023 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 28 December 2023
Page 6
## **Tynemouth Volunteer Life Brigade Notes to the Accounts for the year ended 31 March 2023**
## **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
Rescue Vehicle Fund - Grants
Honorary members
Covid Grants
**3**
**Activities to further objectives**
Collection boxes|**2023**
**£**
-
5,962
1,679
20,180
-
55,751
1,650
9,450
94,672
**2023**
**£**
2,878|**2022**
**£**
500
8,544
780
9,283
2,519
-
1,210
22,668|
|---|---|---|
|||45,504|
|||**2022**
**£**
2,105|
Page 7
## **Tynemouth Volunteer Life Brigade**
## **Notes to the Accounts**
## **for the year ended 31 March 2023**
|**4**
**Activities for generating funds**
Annual supper
Call out club
Unrestricted Fund - Events
Will Hogg Wedding
**5**
**Investment income**
Interest receivable
Investment income
**6**
**Costs of generating funds**
Depreciation
**7**
**Charitable expenditure**
Equipment
Operating costs
Repairs and maintenance
Sundry
Uniforms
Support costs
Grant expenditure
Rescue training|**2023**
**£**
3,462
-
17,086
-
20,548
**2023**
**£**
29
1,040
1,069
**2023**
**£**
11,008
11,008
**2023**
**£**
5,522
2,925
7,899
39,839
1,898
15,413
-
7,328
80,824|**2022**
**£**
2,572
300
9,798
1,843|
|---|---|---|
|||14,513|
|||**2022**
**£**
8
847|
|||855|
|||**2022**
**£**
4,964|
|||4,964|
|||**2022**
**£**
338
2,707
12,422
25,550
2,259
12,582
4,014
50|
|||59,922|
Page 8
## **Tynemouth Volunteer Life Brigade Notes to the Accounts**
## **for the year ended 31 March 2023**
|**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 2022
60,000
8,843
Additions
-
-
Surplus on revaluation
-
-
Disposals
-
-
At 31 March 2023
60,000
8,843
**Depreciation**
At 1 April 2022
-
8,843
Charge for the year
-
-
On disposals
-
-
At 31 March 2023
-
8,843
**Net book value**
At 31 March 2023
60,000
-
At 31 March 2022
60,000
-
**10 Investments**
**Cost**
At 1 April 2022
At 31 March 2023
**Other investments**
Listed investments
Listed investments at market value|**2023**
**£**
11,008
11,008
**Motor**
**vehicles**
**£**
53,553
29,139
-
-
82,692
38,660
11,008
-
49,668
33,024
14,893
**2023**
**£**
1,695
16,846|**2022**
**£**
4,964|
|---|---|---|
|||4,964|
|||**Total**
**£**
122,396
29,139
-
-|
|||151,535|
|||47,503
11,008
-|
|||58,511|
|||93,024|
|||74,893|
|||**Other**
**investments**
**£**
1,695|
|||1,695|
|||**2022**
**£**
1,695|
|||20,059|
Page 9
## **Tynemouth Volunteer Life Brigade Notes to the Accounts for the year ended 31 March 2023**
## **11 Analysis of net assets between the funds**
|**Analysis of net assets between the funds**||||
|---|---|---|---|
|Tangible fixed assets
Investments
Net current assets|**Unrestricted**
**Fund**
**£**
93,024
1,695
87,071
181,790|**Restricted**
**Fund**
**£**
-
-
62,242
62,242|**Total**
**£**
93,024
1,695
149,313|
||||244,032|
## **12 Statement of funds**
|**Statement of funds**||||||
|---|---|---|---|---|---|
|Unrestricted funds
Restricted funds|**At 1 April**
**2022**
**£**
176,475
40,222
216,697|**Income**
**£**
49,409
69,758
119,167|**Expenditure**
**£**
44,094
47,738
91,832|**Revaluations**
**£**
-
-
-|**March**
**2023**
**£**
181,790
62,242|
||||||244,032|
## **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