COMPANY REGISTRATION NUMBER: 05711803
CHARITY REGISTRATION NUMBER: 1113807
Maryport Rescue
Company Limited by Guarantee
Unaudited Financial Statements
24 July 2024
SAINT& CO
Chartered accountants
Unit 7B Lakeland Business Park
Cockermouth
Cumbria
CA13 OQT

Maryport Rescue
Company Limited by Guarantee
Financial Statements
Year ended 24 July 2024
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and expenditure
account)
Statement of financial position
Notes to the financial statements

Maryport Rescue
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 24 July 2024
Thetrustees. who are alsothe directors forthe purposes of company law, present their report and the unaudited
financial statements of the charity for the year ended 24 July 2024.
Reference and admlnlstratlve detalls
Reglstered charlty name
Maryport Rescue
Charlty re8lstratlon number
1113807
Company re8lstratlon number
05711803
Prlnclpal offlce and reglstered
offlce
CIO Maryport Inshore Rescue
Marine Road
Maryport
CA15 8AY
Cumbria
The trustees
Mr G Farish
Mr M Gibson
Mr G Hampson
Mr M M Messenger
Mr J M Norman
Mrs T Messenger
Mr M Taylor
Mr O R Brannon
Company secretary
Mrs T Messenger
Independent examlner
Mr lan scott FCA, DChA
Unit 7B Lakeland Business Park
Cockermouth
Cumbria
CA13 OQT

Maryport Rescue
Company Limited by Guarantee
Trustees, Annual Report {Incorporating the Director's Report) (corth￿l
Year ended 24 July 2024
Structurep governance and mana8ement
Governing document
The charity was constituted on 16th February 2CM)6 as a company limited by guarantee. and 15 governed by the
memorandum and articles of association of the same date. The company registered as a charity on 19th April
2(Kl6.
In the event ofthe company being wound up members are required to contribute an amount not exceeding £10.
On the 27th May 2022 the charitable company changed its name from Mary Inshore Rescue Boat to Maryport
Rescue. the change of name was received by Companies House on 23rd September 2022.
Methods adopted for the recruitment and appointment of new trustees
Members of the trustee board are appointed through an open and transparent selection and interview process.
Membership of the trustee board aims to reflect the diversity of the community within which it 15 located. No
funders are currently represented on the board.
Members of the trustee board are inducted and trained in a timely fashion and understand their responsibilities,
in relation to Financial Conduct Authority. Charity Commission and Companies House.
Objectives and actlvlties
The charity's objett and its principal activity is the preservation and saving of life at sea or on the foreshore by
the acquisition, fitting out, maintenance and operation of a patrol boat. operating from Maryport in the county
of Cumbria and such other means as may from time to time be determined subject to the prior written consent
of the charity commissioners for England and Wales. We are an independent lifeboat. flood, swift water search
and rescue service. We work with all other emergency Services and are called out to assist them.
The charity 15 organised so that the trustees are able to meet only as required.
Slgnificant artivities
The trustees have continued to operatethe inshore patrol boat from Maryport, Cumbria. obtainingfunding from
donations and grant providers to enable to provide this se￿iCe for the benefit of the local community in
accordance with the objects of the charity.
Publlc benefft
The tru5tee5 have paid due regard to guidance issued by the Charity Commi55ion in deciding what attivities the
charity should undertake.
Achievements and performarbce
As well as the regular callouts to emergencies, we have updated and renewed our continuing specialist training.

Maryport Rescue
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) Ico•rtthuedl
Year ended 24 July 2024
Flnanclal revlew
The Statement of Financial Activities shows the net surplus for the year of £59.173 {2023.. deficit of £32,499).
with the total funds totalling £540,41412023.. £481,241) at the reporting date. The total funds are made up of
unrestricted funds standing at £464,568, of which £190,CKKI has been earmarked by the trustees for expenditure
on fixed assets and restricted funds standing at £5.CMJ912023- £16.6731
Reserves pollcv
The nature of our role means that we require a significant value of lifesavin8 equipment and assets. Our reserves
need to be sufficient to cover this and to allow an amount to cover ongoing running costs should funding
suddenly cease.
We have met this target this year in unrestricted funds, and excluding the designated new building project fund.
Investment pollcy and oblertlves
Under the memorandum and articles of association the charity has the power to make any investment which the
trustees see fit. The trustees have considered the appropriate policy for investing funds and have found that due
to the need to have funds accessible to meet current commitments, surplus funds are placed in an instant access
deposit account.
Plans for future perlods
The charity is experted to continue to operate the inshore patrol boat. Plans are underway to develop and in-
house training facility that can be used to train Maryport Lifeboat personnel and also individuals and groups from
external bodles.
Small company provlslons
This report has been prepared in accordance with the provisions applicable to companies entitled to the small
companies exemption.
The tru5tee5' annual report was approved on 17 October 2024 and signed on behalf of the board of trustees by..
Mr M M Messenger
Trustee

Maryport Rescue
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Maryport Rescue
Year ended 24 July 2024
I report to the trustees on my examination of the financial statements of Maryport Rescue {'the charity'l for the
year ended 24 July 2024.
Responsibilities and basis of report
A5 the trustees of the company land also its dirertors for the purposes of company lawl you are responsible for
the preparation ofthe financial statements in accordance with the requirement50fthe Companie5Act 20061'the
2￿6 Act'l.
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 the charity'5
accounts as carried out under Section 145 of the Charitie5 Act 2011 I'the 2011 Act'l. Irs carrying Out my
examination I have followed the Oirections 8iven by the Charity Commission under section 145{5)Ibl of the 2011
Act.
Independent examlner'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:
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Art-
or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirement5 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
the financial statements 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 IFRS 1021.

Maryport Rescue
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Maryport Rescue (contthuedj
Year ended 24 July 2024
I have no concerns and have come across no othermatters in connection with the examination towhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr lan Scott FCA. DChA
Independent Examiner
Unit 7B Lakeland Business Park
Cockermouth
Cumbria
CA13 OQT
17 October 2024

Maryport Rescue
Company Limited by Guarantee
Statement of Financial Activities
(Including income and expenditure account)
Year ended 24 July 2024
2024
Restricted
funds
2023
Unrestricted
funds
Total funds
Total funds
Note
Income and endowments
Donations and legacies
Other trading activities
Investment income
Other income
185.032
2.307
5.049
10.832
195.865
2.307
5.356
86.642
3.292
2.876
770
Total income
192,388
11.140
203.528
93.580
Expendlture
Expenditure on raising funds..
Costs of other trading activities
Expenditure on charitable artivitie5
1,743
124,764
1,743
142,612
2,666
123,413
io.ii
17.848
Total expendlture
126.507
17.848
144.355
126.079
Net income/(expenditure)
65,881
16.7081
59.173
132,4991
Transfer5 between funds
4,956
14.9561
Net movement in funds
70,837
(11,6641
59,173
{32,4991
Reconclliation of funds
Total funds brought forward
464.568
16,673
481,241
513,740
Total funds carrled forward
535.405
540,414
481,241
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 9 to 18 forni part of these financlal statements.

Maryport Rescue
Company Limited by Guarantee
Statement of Financial Position
24 July 2024
2024
2023
Note
Flxed assets
Tangible fixed assets
17
274,616
312,621
Current assets
Stocks
Debtors
Cash at bank and in hand
18
19
2,356
46,942
223.801
2,725
11,753
155,808
273.099
170.286
Credltors: amounts fallln8 due wlthln one
year
20
7.301
1,666
Net current assets
265.798
168,620
Total assets less current Ilabllttles
540.414
481,241
Net assets
540.414
481,241
Funds of the charlty
Restricted funds
Unrestrirted fund5
16.673
464,568
535,405
Tot•1 charlty funds
21
540,414
481,241
For the year ending 24 July 2024 the charity was entitled to exemption from audit under section 477 of the
Companles Act 2(JJ6 relatin8 to small companies.
Dlrertors, responsibilities..
The members have not required the company to obtain an audit of its financial statements for the year in
question in accordance with settion 476..
The directors acknowledge their responsibilities for complying with the requirement5 of the Act with
respect to accountln8 records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provision5 applicable to companies
subject to the small companies, regime.
The statement of financial position
continues on the following page.
The n¢)tes on pales 9 to 18 torni part (rf these financial statements.

Maryport Rescue
Company Limited by Guarantee
Statement of Financial Position (cortthuedj
24 July 2024
These financial statements were approved by the board oftrustee5 and authorised for issue on 17 October 2024.
and are signed on behalf of the board bv:
Mr M M MessenEer
Trustee
Company registration number: 05711803
Charity registration number: 1113807
The notes on pages 9 to 18 fom) part of these financlal statements.

Maryport Rescue
Company Limited by Guarantee
Notes to the Financial Statement5
Year ended 24 July 2024
General Information
The charity is a public benefit entity and a private company lirnited by guarantee, registered in England and
Wales and a registered charity in England and Wales. The address of the registered office is CIO Maryport
Inshore Rescue, Marine Road. Maryport. CA15 8AY. Cumbria.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting
Standard applicable in the UK and the Republic of Ireland,, the 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 IFRS 102) (Charities SORP IFRS 1021) and the Companies Art
2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost ba515. as modified by the revaluation of
certain financial assets and liabilities and investment properties measured at fair value through income or
expenditure.
The financial statements are prepared in sterlin& which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key ￿￿ree$ of estlmatlon uncertalnty
The preparation of the financial statements require5 management to make judgement5. estimates and
assumptions that affect the amount5 reported. These estimates and judgements are continually reviewed
and are based on experience and other factors. including expectations of future events that are believed
to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's
purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restriction5 on their expenditure declared by the donor or through the
terms of an appeal. and fall into one of two sub-classes- restricted income funds or endowment funds.

Maryport Rescue
Company Limited by Guarantee
Notes to the Financial Statements icorth¥uedi
Year ended 24 July 2024
Accountlng pollcles (contln¥ed)
Incomlng resources
All incomin8 resources are included in the statement of financial activities when entitlement has passed to
the charity; it is probable that the economic benefits associated with the transaction will flow to the charitv
and the amount can be reliably measured. The following specific policies are applied to particular
cate8ories of income=
Income from donations or grants is recognised when there is evidence of entitlement to the gift,
receipt is probable and its amount can be measured reliably.
legacy income 15 recognised when receipt is probable and entitlement 15 established.
income from donated goods is measured at the fair value of the 8oods unless this is impractical to
measure reliably, in which case the value is derived from the cost to the donor or the estimated resale
value. Donated facilities and senrfices are recogni5ed in the accounts when received if the value can
be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is reco8nised with the delivery of the contracted
service. Thi5 is classified as unrestricted funds unless there is a contractual requirement for it to be
spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expendlture is reco8ni5ed on an accruals ba515 as a liability is incurred. Expendlture includes any VAT which
cannot be fully recovered, and is classified under headings of the statement of financial activities to which
It relates..
expenditure on raisin8 funds includes the costs of all fundraising artivities. events, non-charitable
tradin8 activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities
that further its charitable aims for the benefit of its beneficiaries, including those support costs and
Costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor
part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable
to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities
they contribute to on a reasonable. justifiable and consistent basis.
Tanglble assets
Tangible assets are initially recorded at cost. and subsequently stated at Cost less any accumulated
depreciation and impairment1055es. Any tangible a55ets carried at revalued amount5 are recorded at the
fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent
accumulated impairment losses.
-io-

Maryport Rescue
Company Limited by Guarantee
Notes to the Financial Statements fcortthuedl
Year ended 24 July 2024
A¢countln8 pollcles {¢ondnwdJ
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value, over
the useful economic life of that asset as follows:
Long leasehold property
Fixtures, fittings & equipment
Boat, trailer & vehicles
2% straight line
15% reducing balance
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount
being estimated where such indicators exist. Where the carrying value exceed5 the recoverable amount,
the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each
reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost
includes all costs of purchase. costs of conversion and other costs incurred in bringing the stock to its
present location and condition.
Financlal Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or paable including any related
transaction costs. unless the arrangement constitutes a financing transattion, where it is recognised at the
present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration
experted to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Limited by guarantee
The Company is limited by guarantee and does not have a share capital.
-li-

Maryport Rescue
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedl
Year ended 24 July 2024
Donatlons and legacies
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Donatlons
Donations
Maryport lottery
89,380
24.284
3,342
92.723
24.284
Legacles
Legacies
68.099
68.099
Grants
Grants receivable
3,269
7.490
10.759
185,032
10.832
195.865
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Donatlons
Donations
Maryport lottery
25.109
22.890
25,109
22,890
Legacles
Legacies
7.037
7,037
Grants
Grants receivable
31.606
31.606
55.036
31,606
86,642
Other trading activities
Unrestricted
Funds
Total Funds
2024
Unrestricted
Funds
Total Funds
2023
Gift shop income
2.307
2.307
3.292
3,292
Investment income
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Bank interest receivable
5.049
308
5.356
-12-

Maryport Rescue
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 24 July 2024
Investment Income Icortthwdj
Unrestricted
Funds
Restrirted
Funds
Total Funds
2023
Bank interest receivable
2.876
2.876
Other Income
Unrestritted
Funds
Total Funds
2024
Unrestricted
Funds
Total Fund5
2023
Other income
770
770
Costs of other tradlng actlvltles
Unrestricted Total Funds
Funds
2024
Unrestrirted
Funds
Total Funds
2023
Gift shop
1.743
1.743
2,666
2.666
10. Expendfture on charltable artlvltles by fund type
Unrestricted
Funds
Restricted
Fund5
Total Funds
ZOZ4
Rescue services
Support costs
84.870
39.894
15.347
2,501
100,218
42,394
124.764
17,848
142,612
Unrestricted
Funds
Restricted
Funds
Total Funds
2023
Rescue serrfices
Support costs
88,338
32,075
91,338
32,075
120.413
123,413
-13-

Maryport Rescue
Company Limited by Guarantee
Notes to the Financial Statements Icontkn￿J
Year ended 24 July 2024
11. Expenditure on ¢harltable artlvlties by activity type
Activities
undertaken
direttly Support costs
Total funds
2024
Total fund
2023
Charitable Activities
Staff cost5
Volunteer training
Purcha5e5
Rent
Light and heat
Repairs and maintenance
Insurance
Motor vehicle expenses
Fuel expenses
Safety equipment
Telephone
Other office cost5
General expenses
VAT claimed on prior year costs
Depreciation
10.767
10,767
27,212
955
3,192
3.411
23,469
13,923
10,932
3.624
2.462
3,207
8,570
7.134
114,372)
37.211
7.322
16.968
1,875
2,174
1,988
11,297
12,640
1,039
4,638
6,311
2.417
3.870
7,965
27.212
955
3.192
3,411
21.469
12.357
10.932
3.624
2.462
1,566
3.207
8.570
7.134
114.3721
35.579
1,632
41,055
l(NJ.218
41,479
141.697
121,559
Governance
Accountancy fees
Other le8al and professional fees
915
915
1,014
840
l(M),218
42.394
142,612
123,413
12. Net Incomel{expenditure)
Net income/{expenditurel is stated after charginFJ{crediting)=
2024
2023
Depreciation of tangible fixed assets
37,211
41.055
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Maryport Rescue
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedl
Year ended 24 July 2024
13. Independent examlnation fees
2024
2023
Fees payable to the independent examiner for-
Independent examination of the financial statements
863
822
14. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
Wages and salaries
10,767
7.322
The average head count of ernployees during the year was 212023: 3). The average number of full-time
equivalent employees during the year is analysed as follows..
2024
No.
2023
Administration and supervisory
In addition to the above there were 33 full time equivalent unpaid volunteers.12023: 331.
No employee received employee benefits of more than £60.OCiI durin8 the year12023= Nill.
15. Trustee remuneratlon and expenses
Two trustees have been paid remuneration or received other benefits from employment with the charity
12023.. two). In the year ended 24 July 2024. total remuneration including national insurance contributions
for Mrs T Messenger was £9,853.48 {2023= £4.635.54) and for Mr G Farish was £1.152.8712023'. 1,465.69}.
The remuneration was paid to the trustees in respect of their work done as employees of the charity. not
for services provided to the charity in their capacity as trustee. Such remuneration is permitted under
clause 5 ofthe charity's Memorandum and Articles of Association.
There were no expenses reimbursed to trustees during the year12023.' Nill.
16. Transfers between fund5
£4,990 was transferred from the restritted premise improvements fund to the unrestritted general fund
as the amount was spent on the assigned purpose.
-15-

Maryport Rescue
Company Limited by Guarantee
Notes to the Financial StaternentS (¢ontIR￿}
Year ended 24 July 2024
17. Tan8lble flxed assets
Fixtures,
fittin85 & Boat, trailer &
equipment
vehicles
Long leasehold
property
Total
Cost
At 25 July 2023
Additions
Other movements
93,931
153,851
6,613
359.566
4.868
607.348
11.481
112,2751
112.2751
At 24 July 2024
81.656
160.464
364.434
606.554
Depreclation
At 25July 2023
Charge for the year
3.716
1.632
81.076
11,907
209,935
23,672
294,727
37,211
At 24 July 2024
5,348
92,983
233,607
331,938
Carrying amount
At 24 July 2024
76.308
67.481
130.827
274,616
At 24July 2023
90.215
72.775
149.631
312,621
18. Stocks
2024
2023
Gift shop stock
2,356
2,725
19. Debtors
2024
2023
Prepayments and accrued income
Other debtors
12,263
34,679
11,753
46,942
11.753
20. Credltors: amounts falllng due wlthin one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
6,256
863
182
1.666
7.301
1,666
-16-

Maryport Rescue
Company Limited by Guarantee
Notes to the Financial Statements (cofttthuedi
Year ended 24 July 2024
21. Analysls of Charltable funds
Unrestrlrted funds
At 2S July 2023
Income
Expenditure
Transfers At 24 July ZOZ4
General funds
Designated new trainin8
centre build costs
274,568
192.388
1126.5071
4.956
345.405
190,C
190,000
464,568
192,388
1126,5071
4,956
535,405
At 25 July 2022
Income
Expenditure
Transfers At 24 July 2023
General funds
Designated new training
centre build costs
321,394
61,974
1123,0791
14,279
274,568
190,0
190,000
511,394
61,974
1123.0791
14,279
464,568
New tralnlng centre bulld costs - desl8nated
This represents the amount earmarked by the trustees for future capital expenditure relating to a proposed
new build.
General- unrestrlrted
This represents the residual funds not designated or restricted which will be used for the ongoin8 charitable
activities.
Restrlcted funds
At 25 July 2023
Income
Expenditure
Transfer5 It 24 July 2024
Equipment
SAR training grant5
Premise improvements
Facility runnin8 Costs
16,673
3,650
4.990
2.5(M)
115,3481
34
{4,990)
{2.51YJ)
16.673
11,140
117,8481
14.9561
5.009
At 25 July 2022
Income
Expenditure
Transfers At 24 July 2023
Equipment
SAR training grants
Premise improvements
Facility running costs
14.279
17,327
114,2791
13.OlXII
16,673
2.346
31.606
13.CNXII
114.2791
16,673
-17-

Maryport Rescue
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 24 July 2024
21. Analysls of charltable funds (contlnwdj
Equlpment fund - restrlcted
This represents the funds received for the purpose of the purchase of equipment required to complete the
charitable objettives of the charity.
SAR tralnlng grants- restrlcted
This represents the funds received for the purpose of the on going training of the charitie5 volunteers.
Premlses Impro¥ements- restrlcted
This represents the funds received for the purpose of capital expenditure of the premises used by the
charity.
Faclllty runnlng costs- restrlcted
This represents the funds received for the purpose of covering the day to day costs of running the premises
used by the charity.
22. Analysls of net assets belween funds
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Tangible fixed assets
Current assets
Creditors less than l year
274,616
268,090
17,3011
274,616
273,099
17,3011
5,fX19
Net assets
535,405
5,009
540,414
Unrestrirted
Funds
Restrirted
Funds
Total Funds
2023
Tangible fixed assets
Current assets
Creditors less than l year
312.621
153,613
11.6661
312,621
170,286
11,6661
16,673
Net assets
464.568
16.673
481,241
23. Related partles
The charity spent £54912023= £1.7161 on printing 5epiices from Mike Taylor Printing, a business owned by
trustee Mr M Taylor.
-18-