# 



## 

## 

|Reference<br>and Administrative<br>Details|Reference<br>and Administrative<br>Details|Reference<br>and Administrative<br>Details||
|---|---|---|---|
|Trustees' Report|||2to8|
|Statement ofTrustees'||Responsibilities||
|Independent<br>Examiner's||Report|10|
|Statement ofFinancial||Activities||
|Balance Sheet|||12|
|Notes to the Financial|Statements||13to 22|





## 

## 



## 

## 

## 

## 



## 

## 



## 

## 



## 

## 

## 







## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

||||Unrestricted||||
|---|---|---|---|---|---|---|
||||funds||||
|||||Restricted|Total|Total|
||||General|funds|2021|2020|
|||Note|||||
|Income and Endowments||from:|||||
|Donations<br>and legacies||3|405,802|28,515|434,317|90,368|
|Other trading<br>activities||4|32,586||32,586|12,571|
|Investment<br>income||5|27,008|3,140|30,148|31,014|
|Total Income|||465,396|31,655|497,051|133,953|
|Expenditure<br>on:|||||||
|Raising funds|||(26,092)||(26,092)|(15,926)|
|Charitable<br>activities|||(165,022)|(35,985)|(201,007)|(169,048)|
|Total Expenditure|||(191,114)|(35,985)|(227,099)|(184,974)|
|Gains/losses<br>on investment|||||||
|assets|||133,165||133,165|69,370|
|Other recognised|gains and losses||||||
|Net movement<br>in funds|||407,447|(4,330)|403,117|18,349|
|Reconciliation<br>offunds|||||||
|Total funds brought|forward||2„051,180|313,897|2,365,077|2,346,728|
|Total funds carried|forward|17|2,458,627|309,567|2,768,194|2,365,077|





## 

## 

||||Balanc|e Sheet as at 31|December 20|21||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||Note|||
|Fixed assets||||||||
|Tangible assets|||||12|185,376|218,281|
|Investments|||||13|1,980,510|1,554,615|
|||||||2,165,886|1,772,896|
|Current<br>assets||||||||
|Stocks|||||14|10,204|11,304|
|Debtors|||||15|23,377|19,449|
|Cash at bank|and in hand|||||584,673|569,554|
|||||||618,254|600,307|
|Creditors: Amounts||falling|due within|one year||(15,946)|(8,126)|
|Net current|assets|||||602,308|592,181|
|Net assets||||||2,768,194|2,365,077|
|Funds ofthe|charity:|||||||
|Restricted||||||309,567|313,897|
|Unrestricted|and Designated||income funds (note 17)|||2,458,627|2,051,180|
|Total funds|||||17|2,768,194|2„365,077|



## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

|||Unrestricted|||
|---|---|---|---|---|
|||funds|Restricted|Total|
|||General|funds|funds|
|Donations|and legacies;||||
|Donations<br>f'rom individuals||57,892||57,892|
|Legacies||343,293|28,515|371,808|
|Gift aid|reclaimed|4,617||4,617|
|Total for 2021||405,802|28,515|434,317|
|Total for 2020||90,368||90,368|





## 

## 

## 

|4<br>Income from other trading<br>activities|||
|---|---|---|
||Unrestricted||
||funds|Total|
||General|funds|
|Trading income;|||
|Sales ofgoods and services|32,586|32,586|
|Total for 2021|32,586|32,586|
|Total for 2020|12,571|12,571|



|5|Investment<br>|inco|me|||||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|||
||||||funds|Restricted|Total|
||||||General|funds|funds|
|Other investment||income|||27,008|3,140|30,148|
|Total for 2021|||||27,008|3,140|30,148|
|Total for 2020|||||27,152|3,862|31,014|
|6|Expenditure|on|raising|funds||||
||||||||Total|
||||||||costs|
|||||||2021|2020|
||||||||f.|
|Costs ofgenerating|||donations|and legacies||4,491|6,110|
|Costs oftrading||activities||||21,601|9,816|
|||||||26,092|15,926|





## 

## 

## 

|||||||Unrestricted||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Total|Total|
|||||||General|Restricted|2021|2020|
|Boat and crew||equipment||||58,603|(1,904)|56,699|33,459|
|Premises costs||||||6,848||6,848|17,825|
|Bank charges||||||16,423||16,423|12,621|
|Depreciation||||||19,668|37,889|57,557|65,421|
|Governance|and||support costs (note|||||||
|8)||||||30,887||30,887|39,722|
|Lifeguard<br>wages|||and other|costs||32,593||32,593||
|||||||165,022|35,985|201,007|169,048|
|8<br>Analysis|ofgovernance||||and support|costs||||
|Governance|costs|||||||||
||||||||Unrestricted|||
|||||||||Total|Total|
||||||||General|2021|2020|
|Accountancy|and examination||||fees|||||
|Accountancy||fees|||||3,329|3,329|3,055|
|Independent||Examiner's||remuneration|||1,500|1,500|1,500|
|Wages|||||||26,058|26,058|35,167|
||||||||30,887|30,887|39,722|



## 

## 

## 




## 

## 

## 

## 

## 

|12 Tangible<br>fixed assets||||
|---|---|---|---|
||Land and|Furniture<br>and||
||buildings|equipment|Total|
|Cost||||
|At 1 January 2021|145,670|822,469|968,139|
|Additions||28,748|28,748|
|Disposals||(9,709)|(9,709)|
|At 31December 2021|145,670|841,508|987,178|
|Depreciation||||
|At 1 January 2021|100,474|649,384|749,858|
|Charge for the year|7,534|50,023|57,557|
|Eliminated<br>on disposals||(5,613)|(5,613)|
|At 31December 2021|108,008|693,794|801,802|
|Net book value||||
|At 31December 2021|37,662|147,714|185,376|
|At 31December 2020|45,196|173,085|218,281|





## 

## 

## 

## 

## 

||||Investments|Total|
|---|---|---|---|---|
|Cost|||||
|At 1 January|2021||1,334,019|1,334,019|
|Additions|||735,784|735,784|
|Disposals|||(373,593)|(373,593)|
|At 31December 2021|||1,696,210|1,696,210|
|At 1 January|2021||(220,596)|(220,596)|
|Charge for year|||(63,704)|(63,704)|
|At 31December 2021|||(284,300)|(284,300)|
|Market value|||||
|At 31December 2021|||1,980,510|1,980,510|
|At 31December 2020|||1,554,615|1,554,615|
|14 Stock|||||
||||2021|2020|
|Stocks|||10,204|11,304|
|15 Debtors|||||
||||2021|2020|
|Hydrocarbon|tax recoverable||414|464|
|VAT recoverable|||12,720|10,161|
|Other debtors|||10,243|8,824|
||||23,377|19,449|
|16 Creditors:|amounts|falling due within one year|||
||||2021|2020|
|Other creditors|||12,524|5,483|
|Accruals|||3,422|2,643|
||||15,946|8,126|





## 

## 

## 

|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1|||Other|31|
|||January|Incoming|Resources|recognised|December|
|||2021|resources|expended|gains/(losses)|2021|
|Unrestricted|funds||||||
|General||2,051,180|465,396|(191,114)|133,165|2,458,627|
|Restricted funds||313,897|31,655|(35,985)||309,567|
|Total funds||2,365,077|497,051|(227,099)|133,165|2,768,194|
|||||||Balance at|
|||Balance at 1|||Other|31|
|||January|Incoming|Resources|recognised|December|
|||2020|resources|expended|gains/(losses)|2020|
|Unrestricted|funds||||||
|General||1,992,135|130,091|(140,416)|69,370|2,051,180|
|Restricted funds||354,593|3,862|(44,558)||313,897|
|Total funds||2,346,728|133,953|(184,974)|69,370|2,365,077|





## 

## 

|18 Analysis ofnet assets between<br>funds|Unrestricted|||
|---|---|---|---|
||||Total funds|
||||31December|
||General|Restricted|2021|
|Tangible fixed assets|71,708|113,668|185,376|
|Fixed asset investments|1,980,510||1,980,510|
|Current assets|422,355|195,899|618,254|
|Current liabilities|(15,946)||(15,946)|
|Total net assets|2,458,627|309,567|2,768,194|
||Unrestricted||Total funds at|
||funds|Restricted|31December|
||General|funds|2020|
|Tangible fixed assets|84,609|133,672|218,281|
|Fixed asset investments|1,554,615||1,554,615|
|Current assets|420,082|180,225|600,307|
|Current liabilities|(8,126)||(8,126)|
|Total net assets|2,051,180|313,897|2,365,077|





## 

## 

|Detailed Statement|of|Financial|Activities for the|Year Ended 31 Decembe|r 2021|
|---|---|---|---|---|---|
|||||Total|Total|
|||||2021|2020|
|Income and Endowments|from:|||||
|Donations<br>and legacies (analysed||below)||434,317|90,368|
|Other trading activities (analysed||below)||32,586|12,571|
|Investment<br>income (analysed below)||||30,148|31,014|
|Total income||||497,051|133,953|
|Expenditure<br>on:||||||
|Raising funds (analysed below)||||(26,092)|(15,926)|
|Charitable<br>activities (analysed below)||||(201,007)|(169,048)|
|Total expenditure||||(227,099)|(184,974)|
|Gains/losses<br>on investment|assets|(analysed|below)|133,165|69,370|
|Net income||||403,117|18,349|
|Net movement<br>in funds||||403,117|18,349|
|Reconciliation<br>offunds||||||
|Total funds brought<br>forward||||2,365,077|2,346,728|
|Total funds carried forward||||2,768,194|2,365,077|





## 

## 

|Detailed Statem|en|t|ofFinancial Activities for t|he Year Ended 31Decembe|r 2021|
|---|---|---|---|---|---|
|||||Total|Total|
|||||2021|2020|
|Donations and legacies||||||
|Legacies and bequests -|restricted|||28,515||
|Legacies and bequests -|unrestricted|||343,293|34,357|
|Appeals<br>and donations||||57,892|52,932|
|Gift Aid tax reclaimed||||4,617|3,079|
|||||434,317|90,368|
|Other trading activities||||||
|Sales ofpurchased<br>goods||||32,586|12,571|
|||||32,586|12,571|
|Investment income||||||
|Income f'rom other investments|||-restricted|3,140|3,862|
|Income Rom other investments|||-unrestricted|27,008|27,152|
|||||30,148|31,014|
|Raising funds||||||
|Primary purpose trading||||(21,601)|(9,816)|
|Fundraising<br>costs||||(4,491)|(6,110)|
|||||(26,092)|(15,926)|
|Charitable<br>activities||||||
|Premises costs||||(6,848)|(17,825)|
|Boat and crew equipment||-restricted||1,904||
|Boat and crew equipment||-unrestricted||(58,603)|(33,459)|
|Lifeguard wages and other||costs||(32,593)||
|Bank charges||||(16,423)|(12,621)|
|Depreciation ofother tangible|||-restricted|(37,889)|(44,558)|
|Depreciation ofother tangible|||-unrestricted|(19,668)|(20,863)|
|Accountancy<br>fees||||(3,329)|(3,055)|
|Independent<br>examiner's|fee|||(1,500)|(1,500)|
|Management<br>fees||||(26,058)|(35,167)|
|||||(201,007)|(169,048)|
|Gains/losses<br>on investment||assets||||
|(Gain)/loss<br>on programme||related investments||133,165|69,370|





TAo¥aiiJ
SIDMOUTH LIFEBOAT
THE ESPLANADE
SIDMOUTH
DEVON
EXIO 8BE
WWW.SIDMOUTHLIFEBOAT.ORG.UK
All photos provided by Kyle Baker Photography