2022-12-31-accounts - Sidmouth Lifeboat

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Reference and Administrative Details	Reference and Administrative Details	Reference and Administrative Details
Trustees' Report			2 to 8
Statement ofTrustees'		Responsibilities
Independent Examiner's		Report	10
Statement ofFinancial		Activities
Balance Sheet			12
Notes to the Financial	Statements		13to 23

				Reference and Administrative	Reference and Administrative	Reference and Administrative	Reference and Administrative	Details	Details
Chairman				Mr P Sheppard
Trustees				Mr P Shepperd
				Mrs K C Bishop
				Mrs N Cook
				Mrs C Young
				Mr IFletcher
				Mr A Dean
				Mr RHedger
Secretary				Mrs N Cook
Charity Registration			Number	1105914
Company	Registration		Number	05218116
				The charity is	incorporated		in	England	and Wales.
Registered		Offic		The Lifeboat	Station
				The Esplanade
				Sidmouth
				Devon
				EXI0SBE
Independent		Examiner		Easterbro okEaton Limited
				Cosmopolitan	House
				Old Fore Stroet
				Sidmouth
				Devon
				EXI0 8LS
Solicitors:				Michelmores
				c/o Michelmores		LLP
				Harston
				Church Street
				Sidmouth
				Devon
				EXIO SLT

		Unrestricted
		funds
			Restricted	Total	Total
	Note	General f	funds	2022	2021
Income and Endowments	from:
Donations and legacies	3	382,500	363,099	745,599	434,317
Other trading activities	4	37,061		37,061	32,586
Investment income	5	41,390	5,125	46,515	30,148
Total Income		460,951	368,224	829,175	497,051
Expenditure on:
Raising funds Charitable activities		(29,344) 42205,563	~30,452	(29,344) ~236,035	(26,092) ~203,00
Total Expenditure		~2349071	~30452	~265,359	~227,0997
Gains/losses on investment assets		~244,000	~33,49	~255,496	133 165
Other recognised gains and losses
Net movement in funds		(17,956)	326,276	308,320	403,117
ReconciiHatton offunds
Total funds brought forward		2,458,627	309,567	2,768,194	2,365,077
Total funds carried forward	17	2,440,671	635 843	3,076 514	2,768,194

							2022	2021
						Note
Fixed assets
Tangible assets						12	149,239	185,376
Investments						13	2 015,376	1,980,510
							2,164,615	2,165,886
Current assets
Stocks						14	14,306	10,204
Debtors						15	278,584	23,377
Cash at bank	and	in hand					624,328	584,673
Creditors: Amounts			falling	due within	one year	i 6	917,218 ~i,319	618,254 ~15,94
Net current	assets						911,899	602,308
Net assets							3,076,514	2,768,194
Funds ofthe	charity:
Restricted							635,843	309,567
Unrestricted	and Designated			income funds (note 17)			2,440,671	2,458,627
Total funds						17	3,076,514	2,768,194
For the f'mancial		year	ending	31December 2022 the charity was entitled to exemption fiom audit under section
477ofthe Companies			Act 2006 relating		to small companies.

12 Tangible fixed assets
	Land and	Furniture and
	buildings	equipment	Total
Cost
At I January 2022	145,670	841,507	987,177
Additions Disposals		12,328 ~710,770	12,328 ~170,770
At 31December 2022	145,670	743 065	888,735
Depreciation
At I January 2022	108,008	693,793	801,801
Charge for the year Eliminated on disposals	7,534	40,098 ~709,937	47,632 ~109937
At 31Decembor 2022	115,542	623,954	739,496
Net book value
At 31December 2022	30,128	119,111	149,239
At 31December 2021	37662	147714	185,376

	Unrestricted
			Total funds
			31Deceruber
	General	Restricted	2022
	f
Tangible fixed assets	63,859	85,381	149,240
Fixed asset investments Current assets Current liabilities	1,786,585 595,546 ~5,3)9	228,791 321,671	2,015,376 917,217 ~)5,3)9
Total net assets	2,440,671	635,843	3,076,514
	Unrestricted		Total funds at
	funds	Restricted	31December
	General	funds	2021
Tangible fixed assets	71,708	113,668	185,376
Fixed asset investments	1,980,510		1,980,510
Current assets Current liabilities	422,355 ~)5,946)	195,899	618,254 (15,9463
Total net assets	2 458 627	309567	2,768,194

				Total	Total
				2022	2021
Income and Endowments	from:
Donations and legacies (analysed below)				745,599	434,317
Other trading activities (analysed below)				37,061	32,586
Investment income (analysed below)				46 515	30,148
Total income				829,175	497,051
Expenditure on:
Raising funds (analysed below) Charitable activities (analysed		below)		(29,344) ~236,015	(26,092) ~201,0071
Total expenditure Gains/losses on investment	assets (analysed		below)	(265,359) ~255,496	(227,099) 133,165
Net income				308,320	403,117
Net movement in funds				308,320	403,117
Reconciliation offunds
Total funds brought forward				2,768,194	2,365,077
Total funds carried forward				3,076,514	2,768,194

Detailed Stateme	ttt	ofFinanc	ial	Activities for the	Year Ended 31Dece	mber 2022
					Total	Total
					2022	2021
Donations and legacies
Legacies and bequests -restricted					353,099	28,515
Legacies and bequests -restricted					10,000
Legacies and bequests -unrestricted					309,220	343,293
Appeals and donations					66,815	57,892
Gift Aid tax reclaimed					6,465	4,617
					745,599	434,317
Other trading actlvltles
Sales ofpurchased goods					37,061	32,586
					37,061	32,586
fnvestment income
Income tram other investments		-restricted			5,125	3,140
Income I'rom other investments		- unrestricted			41,390	27,008
					46,515	30,148
Raising funds
Primary purpose trading Fundraising costs					(21,270) ~8,074 29,344	(21,601) ~4,497 ~26,092
Charitable activities
Premises costs					(13,660)	(6,848)
Boat and crew equipment	-restricted					1,904
Boat and crew equipment	-unrestricted				(81,602)	(58,603)
Lifeguard wages and other	costs				(43,880)	(32,593)
Barbara Gates restricted fund		expenditure	-restricted		(1,143)
Bank charges - restricted					(848)
Bank charges - unrestricted					(14,502)	(16,423)
Depreciation ofother tangible		-restricted			(28,461)	(37,889)
Depreciation ofother tangible		-unrestricted			(20,004)	(19,668)
Accountancy fees					(3,058)	(3,329)
Independent examiner's fee Management fees					(1,500) ~27,967	(1,500) ~26,068
					236,015)	201,007
Gains/losses on investment	assets
(Gain)/loss on programme	related investments			-restricted	11,496
(Gain)/loss on programme	related investments			- unrestricted	~6244,000	133,165