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← Kirkby Stephen Mountain Rescue

2023-12-31-accounts

REGISTERED COMPANY NUMBER: 04815181 (England and Wales) REGISTERED CHARITY NUMBER: 1107194

Strategic Report, Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

Contents of the Financial Statements for the Year Ended 31 December 2023

Page
Strategic Report 1 to 2
Report of the Trustees 3 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 16

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

Strategic Report for the Year Ended 31 December 2023

The trustees present their strategic report for the year ended 31 December 2023.

REVIEW OF BUSINESS

The Base Resilience project was completed in 2023 and this has represented a significant part (31%) of our 2023 expenditure

Barclays Bank closed the Team's account in 2023 for reasons that remain unclear, but after an investigation and much effort by the previous Treasurer, the account was re-opened, re-credited with the balance at closure and a compensation payment of £500 made to the team. Barclays have acknowledged in writing that the closure was their error. The Team continues to bank with Barclays and HSBC.

As High Street banks continue to close the means of paying in cash collected at events, from pubs and cafes and at Tebay Services will become more difficult. Day to day banking, including paying in cheques is mainly electronic.

During 2023 total income exceeded budgeted income by £23K (56% of the budget) due mainly to two very generous and unexpected donations.

The majority of the Team's income (55%) came from donations, either directly or via the Charities Aid Foundation or through collections at fell races and shows.

The next highest category of income (21%) was in the form of grants from LDSAMRA

The third highest category of income (17%) was from the three cash collections carried out at Tebay Services through the year.

The Team continues to benefit from the tireless support of The Westmorland Family including their permission to collect at Tebay Services, for which we are very grateful.

In 2023 the Team became a beneficiary of a significant legacy, but since there are several beneficiaries and the funds are currently held in various investments, the length of the probate process means that the precise amount and date when the monies will be transferred are currently unclear. Nevertheless, the Team has asked members to consider how much (if any) of the bequest should be spent and how much invested.

At the November committee meeting the Team took a decision to increase the general operational reserve to £120K.

Apart from the conclusion of the Base Resilience project, the most significant spend during 2023 was on rescue equipment, followed by medical supplies then energy, motor vehicles and insurance costs.

The team started 2024 in a healthy financial position with total cash assets of £230K which compares well with £200K at the start of 2023.

The Team expects to increase spend on clothing and equipment in 2024 but spend on maintenance of buildings and vehicles is expected to be normal. Our cash position is expected to improve further in 2024.

The Team's financial position is very secure and we remain in a good position to serve our stakeholders in our part of the country.

Page 1

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

Strategic Report for the Year Ended 31 December 2023

ACHIEVEMENTS AND PERFORMANCE Team Leaders Report 2023

The Team received 23 calls for assistance, an increase on 2022's figures and closer to our long term average. As usual, they were diverse in their nature, although not as many community related as we might typically expect. The Team assisted several LDSAMRA Teams, including Kendal, Penrith and Wasdale, and there continues to be a great deal of work between Teams concerning planning and sharing of information to allow us to operate as safely as possible.

The use of technology to aid communication between the Team and the statutory Emergency Services continues to develop, with SARCALL, Resilience Direct, and other platforms regularly being used. Airwave, the radio system used by the emergency services, continues to give us direct communications across Cumbria with not only the emergency services, but also all other LDSAMRA Teams. This continues to be an invaluable resource in areas of poor VHF radio or mobile phone coverage. Delays in the introduction of a replacement system mean that we are likely to keep using Airwave for some time, and Cumbria Police have assured LDSAMRA Teams that they will fully support us with the provision of the necessary equipment. With the increase in coverage of 3G and 4G networks, the Team have also adopted the use of VOIP as a means of communication.

The Team continues to maintain its water rescue capability, and undertake accredited training in first aid, driving and rope work. The regular replacement and upgrading of essential equipment has continued.

Having acquired the freehold to our base, work has been started to improve the grounds, with the grass area to the front of the building being laid with a grid to allow the area to remain grass but enable it to be used for car parking and training. A new gate was also fitted.

The Team, in common with all others, is funded by voluntary donations and its members continue to work diligently to provide the income necessary to maintain effective round-the-clock readiness. The Team relies heavily on the motorway service station collections we are lucky to have access to and, although the effects of increases in the cost of living are undoubtedly making giving a more difficult choice, the level of donations was similar to previous years. Prudent financial management of the Team over the years has allowed us to accrue reserves held specifically for eventualities such as those we are currently experiencing, and the day to day running of the Team has not been affected. With the prospect of reduced income for the next year or two seeming likely, careful management of expenditure will be high on the committee's agenda.

We gratefully acknowledge the support and assistance of all those who assist us through the provision of grants or by way of individual donations be they financial or in kind. The Team benefits from the support of its 'Friends of the Team' support group.

The Team has maintained a sound level of appropriately skilled members. At the close of the year the Team had 28 Full Team members, 5 Support members and 6 Inductees in training.

It is from the voluntary contribution by way of time, skill, experience, and enthusiasm that individual members commit to the team that Kirkby Stephen Mountain Rescue is able to achieve its aim to provide effective cover, a safety net, for the Upper Eden and Lune valleys that would otherwise be difficult to source quickly from elsewhere.

That commitment by members is acknowledged with thanks, for it continues to be the foundation of all we do.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 12 March 2024 and signed on its behalf by:

J Andrew BSc FCA - Secretary

Page 2

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED (REGISTERED NUMBER: 04815181)

Report of the Trustees for the Year Ended 31 December 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Mountain Rescue.

OBJECTIVES AND ACTIVITIES

The object of the Team is to relieve suffering and distress amongst persons endangered by accidents or natural hazards within the area of benefit (as described in Annex 1 to the memorandum of association) and to provide adequate arrangements for the secure and efficient search and rescue of any persons so endangered.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

FINANCIAL REVIEW

Designated Funds

The Trustees Reserve has been increased to £120,000, reflecting approximately three years' running costs, to provide a safeguard against sustained loss of donations income and unforeseen major items of expenditure.

£26,000 is set aside in the Fixed Asset Reserve to provide for future replacements.

Restricted Funds

As at 31st December 2023 the Resilience Project had a the reserve fund of £22,504.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Team is constituted as a company limited by guarantee and not having a share capital. On 17 March 2005 the company acquired the assets, liabilities, roles and responsibilities of the Charitable Trust, Kirkby Stephen Mountain Rescue Team, registered charity number 506805, this Trust having adopted its original constitution on 16 September 1977. The Team is now governed by its Memorandum and Articles of Association, as last amended by a resolution passed on 25 March 2009.

The Team is also a registered charity, no. 1107194 and submits its annual report and accounts to the Charity Commission following formal approval by the membership at the Annual General Meeting.

Recruitment and appointment of new trustees

The Articles of Association require the election of a Committee from the membership which must not be less than three in number. Committee members, (who are also directors of the company), are elected by the members in General Meeting except where a Committee post (other than Team Leader) becomes vacant other than at an AGM when the remaining members of the Committee may appoint a replacement. The Team Leader may only be appointed by ordinary resolution at a general meeting. Committee members are subject to retirement at the annual general meeting following their appointment and may offer themselves for immediate re-election. The Committee may co-opt up to three additional Committee members who may be but need not be members of the Team. The Committee Members administer the Team in accordance with the governing document.

Organisational structure

The Committee administers the Charity and meets at appropriate intervals during the year. The Committee will usually comprise of Chairman, Team Leader, Treasurer, Secretary, Training Officer, Equipment Officer, Medical Officer, Vehicles Officer, Communications Officer and two other members.

Page 3

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED (REGISTERED NUMBER: 04815181)

Report of the Trustees for the Year Ended 31 December 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Induction and training of new trustees

All new Committee members receive an information pack detailing responsibilities and legal obligations under charity and company law, the Memorandum and Articles of Association, and the financial budget for the year.

Risk management

The Committee continually review operational and financial risks which the charity faces. These are dealt with in Committee meetings and documented in the minutes thereof.

Page 4

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED (REGISTERED NUMBER: 04815181)

Report of the Trustees for the Year Ended 31 December 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 04815181 (England and Wales)

Registered Charity number

1107194

Registered office

Kirkby Stephen Mountain Rescue Team HQ Christian Head Kirkby Stephen Cumbria CA17 4HA

Trustees

A W Littlefair (resigned 11/10/23) K S Dyer D Stewart F Gillespie A Cottrell P Miller P M Davison (resigned 29/3/23) J Wardrope S Harvey (resigned 29/3/23) R C Deane J S Murray A Beckwith A Fox R M Jones (appointed 29/3/23) R M Greenough (appointed 11/10/23) A Ovens (appointed 29/3/23)

Company Secretary

J Andrew BSc FCA

Independent Examiner

Stephen Barnes Stephen Barnes Accountancy Ltd Westwood Garth Brough Sowerby Kirkby Stephen Cumbria CA17 4EG

Approved by order of the board of trustees on 12 March 2024 and signed on its behalf by:

J Andrew BSc FCA - Secretary

Page 5

Independent Examiner's Report to the Trustees of Kirkby Stephen Mountain Rescue Limited

Independent examiner's report to the trustees of Kirkby Stephen Mountain Rescue Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stephen Barnes

Stephen Barnes Accountancy Ltd Westwood Garth Brough Sowerby Kirkby Stephen Cumbria CA17 4EG

22 March 2024

Page 6

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

Statement of Financial Activities for the Year Ended 31 December 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
64,254
Other trading activities
3
1,456
Investment income
4
1,404
Total
67,114
EXPENDITURE ON
Raising funds
Raising donations and legacies
5
-
-
Charitable activities
6
Mountain rescue work
34,262
Total
34,262
NET INCOME/(EXPENDITURE)
32,852
RECONCILIATION OF FUNDS
Total funds brought forward
283,066
TOTAL FUNDS CARRIED FORWARD
315,918		 Restricted
fund
£
-
-
-
-
-
-
7,504
7,504
(7,504)
30,007
22,503		 31/12/23
31/12/22
Total
Total
funds
funds
£
£
64,254
80,694
1,456
733
1,404
241
67,114
81,668
-
740
-
740
41,766
33,728
41,766
34,468
25,348
47,200
313,073
265,873
338,421
313,073		 31/12/23
31/12/22
Total
Total
funds
funds
£
£
64,254
80,694
1,456
733
1,404
241
67,114
81,668
-
740
-
740
41,766
33,728
41,766
34,468
25,348
47,200
313,073
265,873
338,421
313,073
81,668
740
740
33,728
34,468
47,200
265,873
313,073

The notes form part of these financial statements

Page 7

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED (REGISTERED NUMBER: 04815181)

Balance Sheet 31 December 2023

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
11
84,038
CURRENT ASSETS
Debtors
12
4,343
Cash at bank and in hand
229,036
233,379
CREDITORS
Amounts falling due within one year
13
(1,500)
NET CURRENT ASSETS
231,879
TOTAL ASSETS LESS CURRENT
LIABILITIES
315,917
NET ASSETS
315,917
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
22,504
-
-
-
-
-
22,504
22,504		 31/12/23
Total
funds
£
106,542
4,343
229,036
233,379
(1,500)
231,879
338,421
338,421
315,917
22,504
338,421		 31/12/22
Total
funds
£
109,691
2,380
201,002
203,382
-
203,382
313,073
313,073
283,066
30,007
313,073

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 8

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED (REGISTERED NUMBER: 04815181)

Balance Sheet - continued 31 December 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 12 March 2024 and were signed on its behalf by:

R M Greenough - Trustee

P Miller - Trustee

The notes form part of these financial statements

Page 9

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

Notes to the Financial Statements for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Tangible fixed assets for use by the charity are capitalised if they can be used for more than one year. They are valued at cost less depreciation. Depreciation is provided at 25% on reducing balance in order to write off each asset over its estimated useful life.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2.

DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
31/12/23 31/12/22
£ £
Donations 36,131 12,155
Gift aid 2,000 5,435
Grants 14,000 50,750
Collecting boxes 1,136 824
Service station collections 10,987 11,530
64,254 80,694
Grants received, included in the above, are as follows:
31/12/23 31/12/22
£ £
Receipts from LDSAMRA 14,000 50,750

continued...

Page 10

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

3. OTHER TRADING ACTIVITIES
31/12/23 31/12/22
£ £
Events 1,456 733
4. INVESTMENT INCOME
31/12/23 31/12/22
£ £
Deposit account interest 1,404 241
5. RAISING DONATIONS AND LEGACIES
31/12/23 31/12/22
£ £
Support costs - 740
6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£ £ £
Mountain rescue work 20,161 21,605 41,766
7. SUPPORT COSTS
Management Finance Totals
£ £ £
Mountain rescue work 21,527 78 21,605
8. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31/12/23 31/12/22
£ £
Depreciation - owned assets 13,273 7,189
Other operating leases - 150
Deficit on disposal of fixed assets 1,006 -

continued...

Page 11

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

Type of expenses reimbursed in £
This year
Last year
Travel
160.65
703.70
Other
0.00
115.00
Total
160.65
818.70
Number of trustees reimbursed for expenses: 2 (8)
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
Total
funds
fund
funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
80,694
-
80,694
Other trading activities
733
-
733
Investment income
241
-
241
Total
81,668
-
81,668
EXPENDITURE ON
Raising funds
Raising donations and legacies
341
399
740
341
399
740
Charitable activities
Mountain rescue work
26,147
7,581
33,728
Total
26,488
7,980
34,468
NET INCOME/(EXPENDITURE)
55,180
(7,980)
47,200
RECONCILIATION OF FUNDS
Total funds brought forward
227,886
37,987
265,873
TOTAL FUNDS CARRIED FORWARD
283,066
30,007
313,073		 Type of expenses reimbursed in £
This year
Last year
Travel
160.65
703.70
Other
0.00
115.00
Total
160.65
818.70
Number of trustees reimbursed for expenses: 2 (8)
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
Total
funds
fund
funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
80,694
-
80,694
Other trading activities
733
-
733
Investment income
241
-
241
Total
81,668
-
81,668
EXPENDITURE ON
Raising funds
Raising donations and legacies
341
399
740
341
399
740
Charitable activities
Mountain rescue work
26,147
7,581
33,728
Total
26,488
7,980
34,468
NET INCOME/(EXPENDITURE)
55,180
(7,980)
47,200
RECONCILIATION OF FUNDS
Total funds brought forward
227,886
37,987
265,873
TOTAL FUNDS CARRIED FORWARD
283,066
30,007
313,073		 Type of expenses reimbursed in £
This year
Last year
Travel
160.65
703.70
Other
0.00
115.00
Total
160.65
818.70
Number of trustees reimbursed for expenses: 2 (8)
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
Total
funds
fund
funds
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
80,694
-
80,694
Other trading activities
733
-
733
Investment income
241
-
241
Total
81,668
-
81,668
EXPENDITURE ON
Raising funds
Raising donations and legacies
341
399
740
341
399
740
Charitable activities
Mountain rescue work
26,147
7,581
33,728
Total
26,488
7,980
34,468
NET INCOME/(EXPENDITURE)
55,180
(7,980)
47,200
RECONCILIATION OF FUNDS
Total funds brought forward
227,886
37,987
265,873
TOTAL FUNDS CARRIED FORWARD
283,066
30,007
313,073
160.65 703.70
0.00 115.00
160.65 818.70
Restricted
fund
£
-
-
-
-
399
399
7,581
7,980
(7,980)
37,987
30,007		 Total
funds
£
80,694
733
241
81,668
740
740
33,728
34,468
47,200
265,873
313,073

continued...

Page 12

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

11. TANGIBLE FIXED ASSETS

COST
At 1 January 2023
Additions
Disposals
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated on disposal
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
COST
At 1 January 2023
Additions
Disposals
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated on disposal
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022		 Plant &
machinery
£
17,386
-
-
17,386
10,407
1,744
-
12,151
5,235
6,979		 Improvements
Freehold
to
property
property
£
£
66,758
21,367
-
10,931
-
-
66,758
32,298
-
-
-
8,076
-
-
-
8,076
66,758
24,222
66,758
21,367
Motor
Computer
vehicles
equipment
£
£
67,439
4,776
-
200
-
(1,287)
67,439
3,689
62,285
4,264
1,294
167
-
(1,240)
63,579
3,191
3,860
498
5,154
512		 Rescue
equipment
£
60,536
-
(26,159)
34,377
51,615
1,992
(25,199)
28,408
5,969
8,921
Totals
£
238,262
11,131
(27,446)
221,947
128,571
13,273
(26,439)
115,405
106,542
109,691

continued...

Page 13

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

VAT
Prepayments
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenses
14.
MOVEMENT IN FUNDS
Net
movement
At 1/1/23
in funds
£
£
Unrestricted funds
General fund
167,066
32,851
Trustees Reserve
90,000
-
Fixed Asset Reserve
26,000
-
283,066
32,851
Restricted funds
Resilience Project
30,007
(7,503)
TOTAL FUNDS
313,073
25,348
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
67,114
Restricted funds
Resilience Project
-
TOTAL FUNDS
67,114		 31/12/23
31/12/22
£
£
1,345
1,243
2,998
1,137
4,343
2,380
31/12/23
31/12/22
£
£
1,500
-
Transfers
between
At
funds
31/12/23
£
£
(30,000)
169,917
30,000
120,000
-
26,000
-
315,917
-
22,504
-
338,421
Resources
Movement
expended
in funds
£
£
(34,263)
32,851
(7,503)
(7,503)
(41,766)
25,348

continued...

Page 14

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Trustees Reserve
Fixed Asset Reserve
Restricted funds
Resilience Project
TOTAL FUNDS		 At 1/1/22
£
87,886
90,000
50,000
227,886
37,987
265,873		 Net
movement
in funds
£
55,180
-
-
55,180
(7,980)
47,200		 Transfers
between
funds
£
24,000
-
(24,000)
-
-
-		 At
31/12/22
£
167,066
90,000
26,000
283,066
30,007
313,073

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 81,668 (26,488) 55,180
Restricted funds
Resilience Project - (7,980) (7,980)
TOTAL FUNDS 81,668 (34,468) 47,200

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Trustees Reserve
Fixed Asset Reserve
Restricted funds
Resilience Project
TOTAL FUNDS		 At 1/1/22
£
87,886
90,000
50,000
227,886
37,987
265,873		 Net
movement
in funds
£
88,031
-
-
88,031
(15,483)
72,548		 Transfers
between
funds
£
(6,000)
30,000
(24,000)
-
-
-		 At
31/12/23
£
169,917
120,000
26,000
315,917
22,504
338,421

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continued...

KIRKBY STEPHEN MOUNTAIN RESCUE LIMITED

Notes to the Financial Statements - continued for the Year Ended 31 December 2023

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 148,782 (60,751) 88,031
Restricted funds
Resilience Project - (15,483) (15,483)
TOTAL FUNDS 148,782 (76,234) 72,548

Designated Funds

The Trustees Reserve has been increased to £120,000 (2022 £90,000), reflecting approximately three years' running costs, to provide a safeguard against sustained loss of donations income and/or unforeseen major items of expenditure.

£26,000 is set aside in the Fixed Asset Reserve to provide for future replacements.

Restricted Funds

As at 31st December 2023 the Resilience Project had a reserve fund of £22,504 (2022 £30,007).

The net book value of capitalised expenditure amounts to £22,504 (2022 £28,041). Capital expenditure is depreciated over it's useful life.

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

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