REGISTERED COMPANY NUMBER: 06666537 (England and Wales) REGISTERED CHARITY NUMBER: 1125680
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
FOR
KENDAL MOUNTAIN SEARCH & RESCUE TEAM (A COMPANY LIMITED BY GUARANTEE)
Mitchinsons Accountants 22 Market Place Kendal Cumbria LA9 4TN
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
||Page|
|---|---|
|Report of the Trustees|1 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 15|
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
## REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Thetrusteeswho arealsodirectorsof thecharityfor thepurposesof theCompaniesAct 2006,presenttheir report with thefinancialstatementsof thecharityfor theyearended31 August2024.The trusteeshaveadoptedtheprovisions of Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charitiespreparing their accountsin accordancewith theFinancialReportingStandardapplicablein theUK andRepublicof Ireland(FRS 102) (effective 1 January 2019).
## OBJECTIVES AND ACTIVITIES
## Objectives and aims
The charity'sobjectsareto recruit,train, maintain,equipandkeepin a stateof readinessa teamof volunteerswho are willing andableto searchfor andrescueany persons(or animals)in distressprimarily in the Lakelandand Cumbria Fellsbutalsoin otherareasasrequiredandto respondto anyrequestfor assistancefrom thepoliceandother emergency services.
## Public benefit
The trustees confirm that they have paid due regard to the public benefit guidance published by the Charity Commission.
Page 1
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
## STRATEGIC REPORT
## Achievement and performance
In 2024,theTeamdemonstratedexceptionalcommitmentandoperationaleffectivenessby respondingto 82 incidents, a significant54%increasecomparedto the53 incidentsin thepreviousyear.Thisupwardtrendis notablewhen compared to the team'sfive-yearaverageof 46 calloutsin 2023,indicatinga sustainedandincreasingdemandfor our services. While theprecisereasonsfor this substantialrisearestill beinganalysed,it significantlyoutpacesthenational average increaseof 24% reportedby MountainRescueEnglandand Wales(MREW) between2019 and 2024. This surge in demandplaced considerablepressureon our volunteer resources,which was effectively managed.However, we recognise that this rate of increase is not sustainable without continued strengthening of our operational capacity.
The Team'soperationalremit covers a diverse range of challengingenvironmentsand incident types, frequently involving collaborativesupportto statutoryEmergencyServices,underscoringour vital role within thecommunity and broader emergency response framework.
Given the inherentrisks associatedwith mountainrescueoperations,maintaininga high level of preparedness through rigoroustrainingis paramount.In 2024,our dedicatedvolunteerscontributedover 1400hoursto essentialtraining and exercises.Thiscomprehensivetrainingprogrammeencompassedtechnicalroperescue,casualtycare,swift water rescue, helicopteroperations,winterhill-skills, andsearchmanagement.TheseactivitiesensuretheTeamconsistentlymeets an adequate"rescuestandard"and effectively mitigatesrisks to our members.To maintainfull operationalstatus, each team memberis expectedto attenda minimum of 4 Wednesdayand 4 Sundaytraining sessionswithin a rolling 12-month period, demonstrating our commitment to continuous professional-quality development.
A keystrategicachievementin 2024wasthesuccessfulstabilisationof ouroperatingcapabilitythroughthe development andintegrationof aspirantleadersto supportthe TeamLeaderandLeaderGroup.This initiative hasstrengthened our leadershipstructure,enhancedteam sustainability,reinforced our operationalculture, and improved overall team performance,asassessedby the Directors.We believethis strengthenedfoundationpositionsthe Teameffectively to fulfil our ongoing mission.
TheDirectorsmaintaina proactiveapproachto risk management,regularlyreviewingandassessingpotential challenges acrossall aspectsof the Team'swork and operationalplanning.Significant progresswas madein the past year in addressinga key risk concerningthe long-termsustainabilityof our current base.Theseefforts have demonstrably reduced the likelihood of this risk materialising and impacting our operations.
TheTeamexperienceda degreeof personnelturnoverin 2024,with thedepartureof valuedlong-standingmembers due to changingpersonalcircumstances.While we recognisetheir significantcontributions,the Teambenefitsfrom strong interestfrom individuals wishing to join. This hasresultedin the recruitmentof a cohort of highly experienced and talentedprovisional members,ensuringthe stability of our membershipnumbersand operationalcapability moving forward. This influx of new talent demonstratesthe continuedappealand reputationof our organisationwithin the community.
Strategicinvestmentin equipmentcontinuedthroughout2024,including an upgradeto satelliteinternetfor enhanced communicationwithin our mobilecommandvehicleandimprovementsto medicalequipment.This targetedapproach to upgradingour resourcesensuresthat our skilled teammembershaveaccessto the mosteffectiveandup-to-date tools, maintaining the highest operational standards.
The Teamremainsin a healthyfinancialposition,which is consideredcrucial for sustainingour operationsand future development.We anticipatesignificant costs in the coming years related to mitigating risks and capitalising on opportunitiesassociatedwith our currentbase.A key strategicpriority for 2025 will be to exploreopportunities to securethe long-termfuture of our base,potentially including capability improvementson adjacentland, which may necessitate significant fundraising efforts.
In conclusion,the dedicationandtirelessefforts of our volunteerteammembersin 2024haveensureda high level of operationalreadiness.We areconfidentthat the Teamis well-positionedto continuefulfilling its vital missionin the coming year, providing an essential service to the community and supporting the statutory emergency services.
Page 2
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
## REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
## STRATEGIC REPORT Financial review Financial position
The increase in income during the year is mainly due to large legacies received totalling £68,322.
TheTeamcontinuesto receivea tremendouslevel of financialsupportfrom thelocal community. TheTeamis grateful to the peopleof Kendalandthe surroundingareasandmanyvisitors to SouthLakeland,who continueto support us financiallyin whatremaindifficult financialeconomictimes. DuringtheyearTeamfundraisingincomewas£20,921 an increase from £9,663 in 2023.
DonationsandLegaciesamountedto £124,893,includingGift Aid. Onceagainthe LakeDistrict Search& Mountain Rescue Association (LDSAMRA) showed great support with £13,000 donation.
## Reserves policy
## Operational Reserve
The TeamhasincreasedtheOperationalReserve,beingthreeyears'estimatedessentialrunningcosts,amounting from £150,000 to £270,000 to reflect increased costs.
## Emergency Reserve
Theemergencyreservehasbeenincreasedfrom £50,000to £85,000to reflectincreasedcosts. Thereserveis available should a vehicle be written off or for any other unforeseeable major expense.
## Restricted and Unrestricted Reserves
Detailsof designatedunrestrictedreservesareshownin Note18 to theaccounts.Therewerenorestrictedreservesin the current or previous year.
## Investments
During the year the the Team increasedthe investmentlevel on the Flagstoneon-line platform, the total including interestis approximately£573,000(2023- £375,000).TheUnitedTrustBankdeposithasbeenclosedwith the balance transferredto theFlagstoneinvestments.The remainderof theTeam'sfundsareheld in a currentaccountwith Virgin Money (Yorkshire Bank).
## Future plans
TheTeamplansto continueto providethebestmountainsearchandrescueservicethatit is ableto do,andto assist and supportothermountainrescueteamsandemergencyserviceswhenrequested.The Teamhasresolvedto try to build financial reservesto a level wherethe running costsof the Team are coveredby the interestof our reserves and dividendsof anyinvestments.This would guaranteetheTeam'sability to be ableto assistpeoplein distressacross the area the Team covers in the South Lakes, Kentmere and Howgills.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
## Governing document
Kendal Mountain Search& RescueTeamis a companylimited by guaranteeand doesnot havesharecapital; each member'scontributionnot exceeding£10on dissolution.It is governedby its MemorandumandArticles of Association dated6 August 2008, as amendedby the specialresolutiondated2 November2016 which restrictsthe maximum numberof directorsto seven.It was registeredas a charity with effect from 1 September2008 and commenced its activities on 1 December 2008.
## Recruitment and appointment of new trustees
The trusteesare responsiblefor the overall managementand control of the charity. The trusteesare electedby the charity'smembersat theAnnualGeneralMeeting;onethird of thetrusteesshallretirefrom office by rotation, however they shall eligible for re-election.
Page 3
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06666537 (England and Wales)
Registered Charity number 1125680
Registered office Kendal MSRT Base Busher Walk Kendal Cumbria LA9 4RH
Trustees J P Burgess Ms J N W Funnell D Winchester A Womack (resigned 1/11/23) D W Baynham-Hughes (resigned 12/11/24) S Ohly (resigned 24/1/24) N A Davies (appointed 1/11/23) Ms J C Young (appointed 31/1/24) Ms K L Jackson J Dunbavin (appointed 12/11/24)
Company Secretary D Howarth
Independent Examiner Jennifer Marshall Mitchinsons Accountants 22 Market Place Kendal Cumbria LA9 4TN
Reportof the trustees,incorporatinga strategicreport, approvedby order of the board of trustees,as the company directors, on 14 May 2025 and signed on the board's behalf by:
Ms K L Jackson - Trustee
Page 4
## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KENDAL MOUNTAIN SEARCH & RESCUE TEAM
Independent examiner's report to the trustees of Kendal Mountain Search & Rescue Team ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
## Responsibilities and basis of report
As thecharity'strusteesof theCompany(andalsoits directorsfor thepurposesof companylaw) youareresponsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Havingsatisfiedmyselfthattheaccountsof theCompanyarenot requiredto beauditedunderPart16 of the2006 Act andareeligible for independentexamination,I reportin respectof my examinationof your charity'saccountsas carried out underSection145 of the CharitiesAct 2011('the2011Act'). In carryingout my examinationI havefollowed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## Independent examiner's statement
I have completedmy examination.I confirm that no mattershave come to my attention in connectionwith 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
3. the accountsdo not comply with the accountingrequirementsof Section396 of the 2006 Act other than any requiremen **t** hattheaccountsgiveatrueandfair view whichis notamatterconsideredaspartof an independent examination; or
4. the accountshave not been preparedin accordancewith the methodsand principles of the Statement of RecommendedPracticefor accountingandreportingby charities(applicableto charitiespreparingtheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I haveno concernsandhavecomeacrossno othermattersin connectionwith theexaminationto whichattention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jennifer Marshall
The Association of Chartered Certified Accountants
Mitchinsons Accountants 22 Market Place Kendal Cumbria LA9 4TN
15 May 2025
Page 5
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024
|2024
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
124,893
Other trading activities
4
20,921
Investment income
5
20,083
Other income
-
Total
165,897
EXPENDITURE ON
Raising funds
6
4,786
Charitable activities
7
Provision of Mountain Search & Rescue
96,606
Total
101,392
NET INCOME
64,505
RECONCILIATION OF FUNDS
Total funds brought forward
752,374
TOTAL FUNDS CARRIED FORWARD
816,879|2023
Total
funds
£
189,996
9,663
12,502
33,022
245,183
1,827
80,812
82,639
162,544
589,830
752,374|
|---|---|
The notes form part of these financial statements
Page 6
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
## BALANCE SHEET
31 AUGUST 2024
|2024
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
14
90,557
CURRENT ASSETS
Debtors
15
63,093
Investments
16
573,308
Cash at bank and in hand
93,274
729,675
CREDITORS
Amounts falling due within one year
17
(3,353)
NET CURRENT ASSETS
726,322
TOTAL ASSETS LESS CURRENT
LIABILITIES
816,879
NET ASSETS
816,879
FUNDS
18
Unrestricted funds
816,879
TOTAL FUNDS
816,879|2023
Total
funds
£
106,048
163,519
375,611
110,879
650,009
(3,683)
646,326
752,374
752,374
752,374
752,374|
|---|---|
Thecharitablecompanyis entitledto exemptionfrom auditunderSection477 of theCompaniesAct 2006for the year ended 31 August 2024.
The membershave not required the companyto obtain an audit of its financial statementsfor the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuringthat the charitablecompanykeepsaccountingrecordsthat comply with Sections386 and387 of the Companies Act 2006 and
- (b) preparingfinancialstatementswhichgive a trueandfair view of thestateof affairsof thecharitablecompany as at the end of eachfinancial year and of its surplusor deficit for eachfinancial year in accordancewith the requirementsof Sections394and395andwhichotherwisecomplywith therequirementsof theCompanies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statementswereapprovedby the Boardof Trusteesandauthorisedfor issueon 14 May 2025and were signed on its behalf by:
N A Davies - Trustee
The notes form part of these financial statements
Page 7
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
## 1. ACCOUNTING POLICIES
## Basis of preparing the financial statements
The financialstatementsof the charitablecompany,which is a public benefitentity underFRS102, have been preparedin accordancewith theCharitiesSORP(FRS102) 'AccountingandReportingby Charities: Statement of RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordancewith the Financial Reporting Standardapplicablein the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', FinancialReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republic of Ireland' and the CompaniesAct 2006. The financial statementshavebeenpreparedunderthe historical cost convention.
## Income
All incomingresourcesareincludedin thefinancialstatementswhenentitlementhaspassedto thecharity,it is probablethattheeconomicbenefitsassociatedwith thetransactionwill flow to thecharityandtheamountcan be reliably measured. The following specific policies are applied to particular categories of income:
- incomefrom donationsor grantsis recognisedwhenthereis evidenceof entitlementto the gift, receipt is probable and it can be measured;
- legacy income is recognised when receipt is probable and entitlement is established;
- incomefrom donatedgoodsis measuredat the fair valueof the goodsunlessthis is impracticalto measure reliably, in which casethe valueis derivedfrom the cost to the donor or the estimatedresalevalue. Donated facilities andservicesarerecognisedin the accountswhenreceivedif the valuecanbe reliably measured. No amounts are included for the contribution of general volunteers;
- incomefrom contractsfor thesupplyof servicesis recognisedwith thedeliveryof thecontractedservice. This is classifiedas unrestrictedfunds unlessthereis a contractualrequirementfor it to be spenton a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## Expenditure
Expenditureis recognisedon anaccrualsbasisasa a liability is incurred.ExpenditureincludesanyVAT which cannotbe fully recovered,and is classifiedunderheadingsof the statementof financial activities to which it relates:
- expenditureon raising funds includesthe costsof all fundraisingactivities, events,non-charitable trading activities, and the sale of donated goods;
- expenditureon charitableactivitiesincludesall costsincurredby a charityin undertakingactivitiesthat further its charitableaimsfor thebenefitof its beneficiaries,includingthosesupportcostsrelatingto thegovernance of the charity apportioned to charitable activities;
- otherexpenditureincludesall expenditurethatis neitherrelatedto raisingfundsfor thecharitynor part of its expenditure on charitable activities.
All costsareallocatedto expenditurecategoriesreflectingtheuseof theresource.Direct costsattributableto a single activity are allocateddirectly to that activity. Sharedcosts are apportionedbetweenactivities they contribute to on a reasonable, justifiable and consistent basis.
## Operating leases
Lease payments are recognised as an expense over the term of the lease on a straight-line basis.
## Tangible fixed assets
Depreciationis providedat the following annualratesin orderto write off eachassetover its estimated useful life.
Equipment
- 40% on reducing balance
Page 8
continued...
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
## 1. ACCOUNTING POLICIES - continued
## Tangible fixed assets
Motor vehicles - 25% on reducing balance
All tangiblefixed assetsareinitially recordedat cost.Itemsunder£500arenot capitalisedandarewrittenoff to expenditure in the statement of financial activities when the asset is required.
## Taxation
The charity is exempt from corporation tax on its charitable activities.
## 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 a particular future project or commitment.
Restrictedfundsaresubjectedto restrictionson their expendituredeclaredby thedonoror throughtheterms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## 2.
## CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
Thepreparationof thefinancialstatementsrequiresmanagementto makejudgements,estimatesand assumptions that affect the amountsreported.Theseestimatesand judgementsare continuallyreviewedand are based on experienceof otherfactors,includingexpectationsof futureeventsthatarebelievedto be reasonableunder the circumstances.
Thekeypolicy thatmayhaveasignificantrisk of causingamaterialadjustmen **t** o thecarryingamountsof assets within the next financial year is depreciation of tangible of tangible fixed assets.
## 3. DONATIONS AND LEGACIES
|DONATIONS AND LEGACIES|||
|---|---|---|
|Donations from Patrons
Donations from LDSAMRA
Donations from LAMRT
Other donations
Gift aid tax
Legacies|2024
£
3,008
13,000
10,000
26,761
3,802
68,322
124,893|2023
£
1,877
15,000
10,000
25,187
1,982
135,950|
|||189,996|
## 4. OTHER TRADING ACTIVITIES
|OTHER TRADING ACTIVITIES|||
|---|---|---|
|Fundraising - collection boxes
Fundraising - sponsorship
Fundraising - flag days
Fundraising - talks
Fundraising - KMF
Fundraising - other|2024
£
5,877
10,269
199
567
2,704
1,305
20,921|2023
£
5,656
2,840
249
56
-
862|
|||9,663|
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continued...
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
|5.
INVESTMENT INCOME
2024
£
Rental of aerial
1
Bank bond interest
2,782
Investment income
17,300
20,083
6.
RAISING FUNDS
Raising donations and legacies
2024
£
Professional fees
380
Other trading activities
2024
£
Team fundraising costs
3,695
Investment management costs
2024
£
Management fees
711
Aggregate amounts
4,786
7.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs (see
costs (see
note 8)
note 9)
£
£
Provision of Mountain Search & Rescue
94,572
2,034|2023
£
1
1,502
10,999
12,502
2023
£
380
2023
£
518
2023
£
929
1,827
Totals
£
96,606|
|---|---|
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continued...
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
## 8. DIRECT COSTS OF CHARITABLE ACTIVITIES
|8.|DIRECT COSTS OF CHARITABLE ACTIVITIES|||
|---|---|---|---|
|||2024|2023|
|||£|£|
||Base|11,886|11,816|
||Communications|2,970|2,575|
||Vehicles|25,531|3,654|
||Medical|2,775|2,702|
||Equipment|4,953|7,023|
||Training|9,211|8,988|
||Administration|571|1,021|
||Legal and professional fees|240|240|
||Information technology|600|1,474|
||Depreciation|35,835|39,306|
|||94,572|78,799|
|9.|SUPPORT COSTS|||
||||Governance|
||||costs|
||||£|
||Provision of Mountain Search & Rescue||2,034|
||Support costs, included in the above, are as follows:|||
|||2024|2023|
|||Provision||
|||of||
|||Mountain||
|||Search &|Total|
|||Rescue|activities|
|||£|£|
||Accountancy and independent examination|2,000|2,000|
||Other governance costs|34|13|
|||2,034|2,013|
|10.|NET INCOME/(EXPENDITURE)|||
||Net income/(expenditure) is stated after charging/(crediting):|||
|||2024|2023|
|||£|£|
||Depreciation - owned assets|35,835|39,305|
||Surplus on disposal of fixed assets|-|(33,022)|
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continued...
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
## 11. TRUSTEES' REMUNERATION AND BENEFITS
Therewereno trustees'remunerationor otherbenefitsfor theyearended31 August2024nor for theyear ended 31 August 2023.
## Trustees' expenses
There were no trustees'expensespaid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
## 12. STAFF COSTS
There were no staff costs in the current year or previous year.
## 13. INDEPENDENT EXAMINER'S FEES
|INDEPENDENT EXAMINER'S FEES|||
|---|---|---|
||2024|2023|
||£|£|
|Accountancy and independent examination|2,000|2,000|
|Other financial services|620|620|
||||
||2,620|2,620|
||||
## 14. TANGIBLE FIXED ASSETS
|COST
At 1 September 2023
Additions
At 31 August 2024
DEPRECIATION
At 1 September 2023
Charge for year
At 31 August 2024
NET BOOK VALUE
At 31 August 2024
At 31 August 2023|Long
leasehold
£
141,240
-
141,240
141,240
-
141,240
-
-|Equipment
£
155,621
16,375
171,996
143,752
11,298
155,050
16,946
11,869|Motor
vehicles
£
286,554
3,969
290,523
192,375
24,537
216,912
73,611
94,179|Totals
£
583,415
20,344
603,759
477,367
35,835
513,202
90,557
106,048|
|---|---|---|---|---|
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continued...
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|---|---|---|---|---|
|Other debtors
Gift Aid tax recoverable
VAT
Accrued interest receivable
Prepayments
16.
CURRENT ASSET INVESTMENTS
Flagstone on-line platform
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses
18.
MOVEMENT IN FUNDS
Net
movement
At 1.9.23
in funds
£
£
Unrestricted funds
General fund
552,374
64,505
Designated Operational Reserve
150,000
-
Designated Emergency Reserve
50,000
-
752,374
64,505
TOTAL FUNDS
752,374
64,505||2024
£
40,000
2,293
12,491
5,165
3,144
63,093
2024
£
573,308
2024
£
-
3,353
3,353
Transfers
between
funds
£
(155,000)
120,000
35,000
-
-||2023
£
124,950
1,931
24,960
7,198
4,480
163,519
2023
£
375,611
2023
£
1,063
2,620
3,683
At
31.8.24
£
461,879
270,000
85,000
816,879
816,879|
||||||
Net movement in funds, included in the above are as follows:
|Unrestricted funds
General fund
TOTAL FUNDS|Incoming
resources
£
165,897
165,897|Resources
Movement
expended
in funds
£
£
(101,392)
64,505
(101,392)
64,505|
|---|---|---|
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continued...
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
## 18. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
|Unrestricted funds
General fund
Designated Operational Reserve
Designated Emergency Reserve
TOTAL FUNDS|At 1.9.22
£
389,830
150,000
50,000
589,830
589,830|Net
movement
in funds
£
162,544
-
-
162,544
162,544|At
31.8.23
£
552,374
150,000
50,000
752,374
752,374|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|Unrestricted funds
General fund
TOTAL FUNDS|Incoming
resources
£
245,183
245,183|Resources
Movement
expended
in funds
£
£
(82,639)
162,544
(82,639)
162,544|
|---|---|---|
The DesignatedOperationalReserveis equivalentto threeyearsessentialoperatingcostsassumingno external income and no capital expenditure.
The DesignatedEmergencyReserveis availableshoulda vehiclebe written off or for anyother unforeseeable major expense.
## 19. OTHER FINANCIAL COMMITMENTS
## Operating lease
Thecharity'sleasewith CumbriaCountyCouncilexpiredon 31 December2018.At thetime of preparing these accounts,WestmorlandandFurnessCouncil (formerly CumbriaCountyCouncil) havenot offereda new lease contract. However, rent of £1,100 has been paid/accrued for each of the calendar years 2019 to 2024 inclusive.
## 20. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
Page 14
continued...
KENDAL MOUNTAIN SEARCH & RESCUE TEAM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024
21. OTHER INCOME
Included in other income Nil (2023- £33,022) related to an insurance claim for mobile vehicle 3.
Page 15