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2022-12-31-accounts

Strategic Report I to 3
Trustees' Report 4 to 11
Independent
Auditors'		 Report 12to 15
Statement ofFinancial Activities 16to 17
Balance Sheet 18
Statement ofCash Flows 19
Notes to the Financial Statements 20to 30

Charity Registration Charity Registration Charity Registration Number: Number: 1107582
Charity Name: Front Line Emergency Equipment Trust Limited - also known as FLEET
Company Registration Number: 05260864
The charity is incorporated in England and Wales.
Registered Office: Alexander
ttt Co Schooners Business		 Park
BessPark Road
Wadebridge
Comwall
PL27 6HB
Principal Office: 37Tredour Road
Newquay
Comwall
TR72EY
Auditor: Azets Audit Services
Woodlands
Court
Truro Business Park
Intro
Comwall
TR4 9NH
Trustees and a(Beers
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Mr CA Martin
Mr DA Pettigrew
Dr M SStead
Dr RGTaylor
Dr A MacDonald
Mr A GBrown
Ms H A Pitts
Mr CA Brown (resigned 24 January 2023)
Mr KDBignell (resigned 1 February 2023)
Mr CEBuchanan
Chairman: Dr M SStead
Secretary: Mr C A Martin
Senior Management / Leadership Mr N Trebilcock (resigned 31 December 2022)
Tealll: Mr CA Brown (appointed 24 January 2023)

nnd Lo sses)
Unrestricted Restricted Total
funds funds 2022
Note 8
Income and Endowments from:
Donations
and legacies		 64,173 64,173
Charitable
activities		 26,889 1,070,000 1,096,889
Interest income 446 446
Total income 91,508 1,070,000 1,161,508
Expenditure
on:
Charitable
activities		 5 ~4339,405 788,673) (928,07$)
Total expenditure ~339,405 788673 (928,078)
Net (expenditure)/income 47,897 281 327 233 430
Net movement
in funds		 (47,897) 281,327 233,430
Reconciliation
offunds
Total funds brought forward 117,$63 117,863
Total funds carried forward 12 69,966 281,327 351293
Unrestricted Total
funds 2021
Unaudited Unaudited
and
and restated restated
Note
Income and Endowments from:
Donations
and legacies		 122,341 122,341
Charitable
activities		 2,917 2,917
Total income 125,258 125,258
Expenditure
on:
Charitable
activities		 5 ~120674 ~320 6747
Total expenditure 120674 120674
Net income 4584 4584
Net movement
in funds		 4,584 4,584
Reconciliation offunds
Total funds brought forward 113,279 113,279
Total funds carried forward 12 117,863 117863

Balanc e Sheet as at3 i December 20 22
2021
2022 Unaudited
and
restated
Note
Fixed assets
Tangible assets 22,712 34,108
Current
assets
Debtors 10 11,175 7,008
Cash at bank and in hand 347,039 80,020
Creditors: Amounts falling due within one year 358,214
(29,633)		 87,028
~3,273
Net current assets 328,581 83,755
Net assets 351,293 117,863
Funds ofthe charity:
Restricted income funds
Restricted funds 281,327
Unrestricted income funds
Unrestricted funds 69,966 117,863
Total funds 12 351,293 117,863

2021
2022 I/naudited
and
restated
Note
Cash flows from operating activities
Surplus/(deficit)
for the year		 233,430 4,584
Adjustments
to cash flows from non-cash items
Depreciation 11,397 6,965
Interest income (446) (6)
Loss on disposal oftangible fixed assets 602
244,381 12,145
Working capital adjustments
Increase in debtors 10 (4,167) (4,757)
Increase in creditors 11 26,359 556
Net cash flows from operating activities 266,673 7944
Cash flows from investing
activities
Interest received
Acquisitions
oftangible assets
Net cash flows from investing		 activities 446
446		 6
~37696
~36.994
Net increase/(decrease)
in cash		 and cash equivalents 267,019 (9,050)
Cash and cash equivalents
at		 I January 80,020 89„070
Cash and cash equivalents
at		 31 December 347,039 80,020
All ofthe cash flows are derived from continuing operations.

Unrestricted
funds Total
General 2022
g
Donations and legacies;
Donations from individuals 64,059 64,059
GiA aid reclaimed 114 114
64.173 64 173
Unrestricted
funds Total
General 2021
Unaudited
and		 Unaudited and
restated restated
Donations and legacies;
Donations from individuals 116,365 116,365
GiA aid reclaimed 570 570
Grants, including capital grants;
Government grants 5,400 5,400
Other income from donations and legacies 6 6
122,341 122,341
Page 23

Unrestricted
funds Restricted Total
General funds 2022
Charitable activities 26,$$9 26,889
Performance related grants 1,070,000 1,070,000
26,889 1,070,000 1,096,889
Unrestricted
funds Total
General 2021
Unaudited
and		 Unaudited and
restated restated
f
Charitable activities 2,917 2,917

Unrestricted
funds Restricted Total
General funds 2022
8
Equipment
purchases		 37,000 773,917 810,917
Training
courses		 14,571 12,640 27,211
Rent and utilities 6,420 900 7,320
Fundraising
activities		 7,460 7,460
Repairs and maintenance 2,019 2,019
Administration
expenses		 7,492 7,492
Charitable
donations		 25,000 25,000
Sundry expenses 1,321 1,066 2,387
Motor expenses 3,709 3,709
Bank charges 288 150 438
Depreciation 11,397 11,397
Donation
handling		 fees 8$2 882
Governance
costs		 (note 6) 21,846 21,846
139,405 788,673 928,078

Unrestricted
funds Total
General 2021
Unaudited
and		 Unaudited and
restated restated
Equipment
purchases		 87,852 87,852
Training
courses		 5,871 5,871
Rent and utilities 6,370 6,370
Fundraising
activities		 2,262 2,262
Repairs and maintenance 5,202 5,202
Administration
expenses		 1,621 1,621
Sundry
expenses		 549 549
Motor expenses 706 706
Bank charges 281 281
Depreciation 6,964 6,964
Donation
handling		 fees 1,728 1,728
(Profit)/loss
on sale oftangible fixed assets held for charity's		 own use 26 26
Governance
costs (note 6)		 1,242 1,242
120,674 120,674

Unrestricted
funds Total
General 2022
f
Audit fees
Audit ofthe financial statements (Azets) 20,700 20,700
Accounts preparation fee 1,146 1,146
21,846 21,846
Unrestricted
funds Total
General 2021
Unaudited Unaudited
f. f
Accounts preparation fee 1,242 1,242
1,242 1 242

9
Tangible fixed assets
Plant and Computer
machinery
f		 Motor vehicles equipment Totalf
Cost
At
1 January 2022 (Unaudited		 and
restated) 2,436 57,241 80 59,757
At 31December 2022 2,436 57,241 80 59,757
Depreciation
At 1 January 2022 (Unaudited and
restated) 1,633 23,955 61 25,649
Charge for the year 200 11,191 5 11,396
At 31December 2022 1,833 35,146 66 37,045
)tet book value
At 31December 2022 603 22 095 14 22,712
At 31December 2021 (Unaudited and
restated) 803 33 286 19 34,10&

10 Debtors
202]
2022 Unaudited
and
restated
Trade debtors 627 1,077
Prepayments 5,999 1,145
Other debtors 4,549 4,786
11,175 7,008
11Creditors: amounts falling due within one year
2022 2021
Unaudited
f
Accruals 29,633 3,273
12 Funds
Balance at I
January2022 Balance at 31
Unaudited and Incomiug Resources December
restated resources expended 2022
8
Unrestricted funds
General 117,863 91,508 (139,405) 69,966
Restricted funds 1,070,000 (788,673) 281,327
Total funds 117,863 1,161,3II ~928,978 351,293
Balance at 31
Balance at I Incoming Resources December
January2021 resources expended 2021
Unaudited and Unaudited and Unaudited and Unaudited
and
restated restated restated restated
8
Unrestricted funds
General 113,279 125,258 (120,674) 117,863

Unrestricted Total funds at
funds Restricted 31December
General fundsf 2022
Tangible fixed assets 22,712 22,712
Current assets 76,752 281,462 358,214
Current liabilities (29,498) (135) (29,633)
Total net assets 69966 281327 351293
Unrestricted Total funds at
funds 31December
General 2021
Unaudited
and		 Unaudited
and
restated restated
f
Tangible fixed assets 34,108 34,108
Current
Current		 assets
liabilities		 87,028
~3273		 87,028
~3273
Total uet assets 117,863 117863