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2021-12-31-accounts

Contents
Company
Information
Directors'
Report
Accountants'
Report
Profit and Loss Account and Statement ofRetained Earnings
Balance Sheet
Notes to the Financial Statements 6to 10
Detailed
Profit and Loss Account		 11to 13
Front Line Emergency Front Line Emergency Equipment Trust Limited
Company Information
Directors Mr C E Buchanan
Dr R G Taylor
Mr A G Brown
Mr D A Pettigrew
Mr K D Bignell
Ms H A Pitts
Dr A MacDonald
Mr C A Brown
Dr M SStead
Mr CA Martin
Company secretary Mr C A Martin
Registered office Alexander
&Co Schooners Business Park
Bess Park Road
Wadebridge
Cornwall
PL27 6HB
Registered number 05260864 (England &Wales)
Accountants Alexander
& Co
AAT Licenced Accountant
Schooners Business Park
Bess Park Road
Wadebridge
Cornwall
PL27 6HB

2021 2020
Note f f
Turnover 119,852 155,060
Administrative expenses (134,020) (135,785)
Other operating income 5,400 10,000
Operating
(deficit)/surplus		 (8,768) 29,275
Other interest receivable and similar income
(Deficit)/surplus before tax (8,762) 29,275
(Deficit)/surplus for the financial year (8,762) 29,275
Retained
earnings
brought		 forward 52,093 22,818
Retained
earnings
carried		 forward 43,331 52,093

1
General information
The company
is a company
limited		 by guarantee, incorporated in England ik Wales, and consequently does not have share
capital.
The address of its registered
office		 is:
Alexander
g. Co Schooners Business		 Park
Bess Park Road
Wad ebridge
Corn wall
PL27 6HB
United
Kingdom
These financial statements
were authorised
for issue by		 C
the Board on ...........		 .'~~
2
Accounting
policies
Summary ofsignificant
accounting		 policies and key accounting estimates
The principal
accounting
policies applied		 in the preparation of these financial statements are set out below. These policies
have been consistently
applied to all the		 years presented, unless otherwise stated.
Statement ofcompliance
These financial
statements
have been		 prepared in accordance
with		 Financial Reporting Standard 102 Section 1A - 'The
Financial
Reporting
Standard
applicable		 in the UK and Republic of Ireland' and the Companies
Act 2006.
Basis ofpreparation
These
financial
statements
have		 been prepared using the historical cost convention except that as disclosed in the
accounting
policies certain items are shown at fair value.
Revenue recognition
Income represents
all income
received		 from donations, Legacies, gift aid repayments and events held and arising in the
year. Income relating to events not held as deferred
and		 recognised as and when the event takes place.
Tangible assets
Tangible
assets are stated
in the balance		 sheet at cost, less any subsequent accumulated
depreciation		 and subsequent
accumulated
impairment
losses.
The cost oftangible assets includes directly attributable incremental costs incurred
in their		 acquisition and installation.
Depreciation
Depreciation
is charged
so as to write offthe cost of assets, other		 than land and properties
under		 construction over their
estimated
useful lives, as follows:
Asset class Depreciation method and rate
Plant &machinery 25% Reducing balance
Computer
equipment		 259o Reducing balance
Public benefit
Front Line Emergency
Equipment
Trust Limited
is		 a public benefit entity (PBE).
Cash and cash equivalents
Cash and cash equivalents
comprise cash		 on hand and call deposits, and other short-term highly liquid investments that are
readily convertible to a known amount of cash and are subject to an insignificant risk ofchange in value.

Land and Plant and Office
buildings
f		 machineryf equipment
f		 Total
f
Cost or valuation
At 1January 2021 2,883 2,436 6,151 11,470
Disposals (2,883) (6,071) (8,954)
At 31December 2021 2,436 80 2,516
Depreciation
At 1January 2021 2,307 1,365 6,100 9,772
Charge for the year 268 6 274
Eliminated
on disposal		 (2,307) (6,045) (8,352)
At 31December 2021 1,633 61 1,694
Carrying amount
At 31December 2021 803 19 822
At 31December 2020 576 1,071 51 1,698
7
Debtors
2021 2020
f f
Trade debtors 1,077 2,251
Prepayments 1,144
Other debtors 1,750
3,971 2,251
8
Creditors
Creditors: amounts falling due within one year
2021 2020
f f
Due within one year
Trade creditors 1,655
Accruals and deferred income 3,273 1,063
Other creditors (1)
3,273 2,717

2021 2020
f f
Turnover
(analysed
below)		 119,852 155,060
Other operating
income (analysed		 below) 5,400 10,000
Depreciation
and amortisation		 expense (analysed below) (275) (953)
Other expenses
(analysed
below)		 (133,719) (134,832)
Other losses (analysed
below)		 (26)
Operating
(deficit)/surplus		 (8,768) 29,275
Other interest receivable
and		 similar income (analysed below) 6
(Deficit)/surplus
before tax		 (8,762) 29,275

2021 2020
E E
Turnover
Gift aid 570 624
Donations
and legacies		 68,773 88,997
Cycle rides 3,550
London marathon 24,959 2,000
Equipment
sales		 22,000 63,439
119,852 155,060
Other operating
income
Government
grants receivable		 5,400 10,000
Depreciation
and		 amortisation expense
Depreciation
offreehold		 property (576)
Plant &Machinery Depn (268) (358)
Computer
Equipment		 Depn (7) (19)
(275) (953)
Other expenses
Workshop
rent		 5,100 5,775
Rates and water 169
Light &heat 232 723
Insurance 869 907
Ambulance
&medical		 equipment 104,853 100,674
Repairs &renewals 1,753 669
Cycle rides 547
London marathon expenses 1,715 11,628
Telephone 125
Administration expenses 1,282 120
Computer
costs		 82
PPS 21 628
Fleet equipment 3,449
Training courses 8,907 5,530
Sundry 548 88
Donation
handling		 fees 1,729 368
Motor expenses 706 4,783
Royal Cornwall Showground 276
Advertising 282
Promotional
items		 317 647
Accountancy 1,242 1,070
Professional
Fees		 240
Bank charges 280 217
133,719 134,832

mber 2021
2021 2020
f