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2025-08-31-accounts

REGISTERED COMPANY NUMBER: 06666537 (England and Wales) REGISTERED CHARITY NUMBER: 1125680

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

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 2025

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 14

KENDAL MOUNTAIN SEARCH & RESCUE TEAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

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 August 2025. 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 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objects are to recruit, train, maintain, equip and keep in a state of readiness a team of volunteers who are willing and able to search for and rescue any persons (or animals) in distress primarily in the Lakeland and Cumbria Fells but also in other areas as required and to respond to any request for assistance from the police and other 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 2025

STRATEGIC REPORT

Achievements and performance

The Team's operational remit covers a diverse range of challenging and harsh environments with multifarious incident types, frequently involving collaborative support to statutory Emergency Services, underscoring our vital role within the community and the broader emergency response framework.

In 2025, the Team demonstrated exceptional commitment and operational effectiveness by responding to 70 incidents. Although 15% lower than the last year, it suggests that there remains a sustained increase from the team's previous (2023) five-year average of 46 callouts.

At face value this also looks like a departure from the overall trend which saw Mountain Rescue England Wales figures increase nearly 5% in 2025, however it probably isn't, as the Team was significantly above the national trend in the previous year.

The Team has successfully addressed the sustainability of this growth . We currently maintain a competent team with greater operational capacity through careful recruitment and training, ensuring we remain resilient in the face of high callout volumes.

Strategic risk and base sustainability

The Team continues a proactive approach to risk management both operationally in the mountains but also with a focus on the long term sustainability of our current base.

To safeguard its future operations, the team has continued to engage with Westmorland and Furness Council to assess the opportunities for expanding the current operational base, as well as to secure a long-term lease renewal via a community asset transfer.

Recent developments in these discussions mark a significant milestone, hopefully positioning the team to establish a solid and sustainable foundation for the years ahead. The momentum now achieved reflects the team's commitment to address key operational risks in partnership with the Council and it is hoped that all associated risks will be managed and resolved by the end of 2026.

Personnel, Training, and Well-being

The Team experienced a degree of turnover in the previous year with large and significant personalities moving away, but this has been met with successful recruitment. The Team is humbled by the demand shown to join the team by talented and dedicated individuals and we have managed to integrate a cohort of highly experienced provisional members, ensuring the stability of our membership numbers moving forward.

However, the nature of Mountain Rescue Call Outs remains challenging on individuals and their families, for which the Team remains grateful. In 2025, the team responded to several high-intensity incidents, including five fatalities (7% of our incidents). Recognising the profound impact these events can have on our volunteers, we have lent heavily on our support systems.

We continue to invest in comprehensive well being structures designed to look after our people following traumatic callouts. A culture of honest debriefing allows for highlighting areas for improvement, an opportunity to celebrate successes and immediate opportunities to acknowledge feelings and access help. Additionally there is continued specialised training to support each other within the team. These structures and protocols have been developed and trained in conjunction with professional psychologists and therapists providing our members with the mental fitness tools necessary for long term resilience.

Operational standards

Our volunteers contributed over 1,017 hours to Call Outs with more than this to essential training on top. To maintain full status, members continue to attend a minimum of 4 Wednesday and 4 Sunday sessions annually, but with those that can, dedicating significantly more hours, many days of every week, ensuring technical proficiency alongside mental preparedness.

Financial position and future outlook

The Team remains in a healthy financial position and has crucially anticipated significant costs related to securing our base and developments. Strategic investment in equipment continues, building on previous years with upgrades to rope rescue and medical resources to ensure our team has access to the most effective tools available.

Conclusion

Page 2

KENDAL MOUNTAIN SEARCH & RESCUE TEAM

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

The dedication of our volunteer team members throughout 2025 has ensured a high level of readiness. With a continual focus on risk reduction, increased capability, and a robust professional support system for our team members, we are well positioned to continue to create public value by fulfilling our vital mission to the community in the coming year.

Financial review

Financial position

The Team continues to receive a tremendous level of financial support from the local community. The Team is grateful to the people of Kendal and the surrounding areas and many visitors to South Lakeland, who continue to support us financially in what remain difficult financial economic times. During the year the fundraising team income was £21,425 (2024 - £20,921). Income from Donations and Legacies reduced during the year due to one off large legacies received in 2024.

Reserves policy Operational Reserve

Although the charity aims to fund its ongoing and future activities through anticipated income, it has maintained an operational reserve of £270,000 for the year ended 31/08/25. This amount is calculated to cover three years' operating costs and is intended as a safeguard against any prolonged reduction in donations. By retaining this reserve, the charity can continue its operations uninterrupted, even if income streams diminish for an extended period.

Emergency Reserve

Alongside the Operational Reserve, the charity holds an Emergency Reserve totalling £85,000. This fund serves as a contingency for significant, unforeseen expenses. For instance, should a vehicle need to be replaced due to being written off or other unexpected major costs arise, the Emergency Reserve will provide the necessary financial support, ensuring that such events do not disrupt the charity's activities or financial health.

Restricted and Unrestricted Reserves

Details of designated unrestricted reserves are shown in Note 18 to the accounts. There were no restricted reserves in the current or previous year.

Investments

During the year the the Team increased the investment level on the Flagstone on-line platform, the total including interest is approximately £710,000 (2024 - £573,000). The remainder of the Team's funds are held in a current account with Virgin Money (Yorkshire Bank).

Future plans

The Team plans to continue to provide the best mountain search and rescue service that it is able to do, and to assist and support other mountain rescue teams and emergency services when requested. The Team has resolved to try to build financial reserves to a level where the running costs of the Team are covered by the interest of our reserves and dividends of any investments. This would guarantee the Team's ability to be able to assist people in distress across the area the Team covers in the South Lakes, Kentmere and Howgills.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Kendal Mountain Search & Rescue Team is a company limited by guarantee and does not have share capital; each member's contribution not exceeding £10 on dissolution. It is governed by its Memorandum and Articles of Association dated 6 August 2008, as amended by the special resolution dated 2 November 2016 which restricts the maximum number of directors to seven. It was registered as a charity with effect from 1 September 2008 and commenced its activities on 1 December 2008.

Recruitment and appointment of new trustees

The trustees are responsible for the overall management and control of the charity. The trustees are elected by the charity's members at the Annual General Meeting; one third of the trustees shall retire from 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 2025

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 D W Baynham-Hughes (resigned 12/11/24) N A Davies Ms J C Young Ms K L Jackson J Dunbavin Paramedic (appointed 12/11/24)

Company Secretary

D Howarth

Independent Examiner

Jennifer Marshall Mitchinsons Accountants 22 Market Place Kendal Cumbria LA9 4TN

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 2 May 2026 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 2025.

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

  3. 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

  4. 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.

Jennifer Marshall

The Association of Chartered Certified Accountants

Mitchinsons Accountants 22 Market Place Kendal Cumbria LA9 4TN

5 May 2026

Page 5

KENDAL MOUNTAIN SEARCH & RESCUE TEAM

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025

2025
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
51,156
Other trading activities
4
21,425
Investment income
5
27,195
Total
99,776
EXPENDITURE ON
Raising funds
6
1,500
Charitable activities
7
Provision of Mountain Search & Rescue
66,900
Total
68,400
NET INCOME
31,376
RECONCILIATION OF FUNDS
Total funds brought forward
816,879
TOTAL FUNDS CARRIED FORWARD
848,255
2024
Total
funds
£
124,893
20,921
20,083
165,897
4,786
96,606
101,392
64,505
752,374
816,879

The notes form part of these financial statements

Page 6

KENDAL MOUNTAIN SEARCH & RESCUE TEAM

BALANCE SHEET 31 AUGUST 2025

2025
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
14
71,633
CURRENT ASSETS
Debtors
15
18,001
Investments
16
710,223
Cash at bank
53,413
781,637
CREDITORS
Amounts falling due within one year
17
(5,015)
NET CURRENT ASSETS
776,622
TOTAL ASSETS LESS CURRENT
LIABILITIES
848,255
NET ASSETS
848,255
FUNDS
18
Unrestricted funds
848,255
TOTAL FUNDS
848,255
2024
Total
funds
£
90,557
63,093
573,308
93,274
729,675
(3,353)
726,322
816,879
816,879
816,879
816,879

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on 2 May 2026 and 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 2025

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 incoming resources are included in the financial statements when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Expenditure

Expenditure is recognised on an accruals basis as a a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

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 activities 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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

continued...

Page 8

KENDAL MOUNTAIN SEARCH & RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Motor vehicles - 25% on reducing balance

All tangible fixed assets are initially recorded at cost. Items under £500 are not capitalised and are written off 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.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms 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

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience of other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The key policy that may have a significant risk of causing a material adjustment to the carrying amounts of assets within the next financial year is depreciation of tangible of tangible fixed assets.

3. DONATIONS AND LEGACIES

Donations from Patrons
Donations from LDSAMRA
Donations from LAMRT
Other donations
Gift aid tax
Legacies
2025
£
2,469
-
10,000
23,685
3,481
11,521
51,156
2024
£
3,008
13,000
10,000
26,761
3,802
68,322
124,893

4.

OTHER TRADING ACTIVITIES

Fundraising - collection boxes
Fundraising - sponsorship
Fundraising - flag days
Fundraising - talks
Fundraising - KMF
Fundraising - other
2025
£
5,980
2,850
154
487
11,954
-
21,425
2024
£
5,877
10,269
199
567
2,704
1,305
20,921

continued...

Page 9

KENDAL MOUNTAIN SEARCH & RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

5.
INVESTMENT INCOME
2025
£
Rental of aerial
10
Bank bond interest
-
Investment income
27,185
27,195
6.
RAISING FUNDS
Raising donations and legacies
2025
£
Professional fees
380
Other trading activities
2025
£
Team fundraising costs
1,120
Investment management costs
2025
£
Management fees
-
Aggregate amounts
1,500
7.
CHARITABLE ACTIVITIES COSTS
Direct
Support
Costs (see
costs (see
note 8)
note 9)
£
£
Provision of Mountain Search & Rescue
64,866
2,034
2024
£
1
2,782
17,300
20,083
2024
£
380
2024
£
3,695
2024
£
711
4,786
Totals
£
66,900

continued...

Page 10

KENDAL MOUNTAIN SEARCH & RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

8. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
2025 2024
£ £
Base 12,454 11,886
Communications 2,075 2,970
Vehicles 4,489 25,531
Medical 4,808 2,775
Equipment 2,808 4,953
Training 7,365 9,211
Administration 556 571
Legal and professional fees 250 240
Information technology 708 600
Depreciation 29,353 35,835
64,866 94,572
SUPPORT COSTS
Governance
costs
£
Provision of Mountain Search & Rescue 2,034
Support costs, included in the above, are as follows:
2025 2024
Provision
of
Mountain
Search & Total
Rescue activities
£ £
Accountancy and independent examination 2,000 2,000
Other governance costs 34 34
2,034 2,034

9. SUPPORT COSTS

10. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):
2025 2024
£ £
Depreciation - owned assets 29,353 35,835

continued...

Page 11

KENDAL MOUNTAIN SEARCH & RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

11. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

12. STAFF COSTS

There were no staff costs in the current year or previous year.

13. INDEPENDENT EXAMINER'S FEES

2024 2023
£ £
Accountancy and independent examination 2,000 2,000
Other financial services 620 620
2,620 2,620
TANGIBLE FIXED ASSETS
COST
At 1 September 2024
Additions
At 31 August 2025
DEPRECIATION
At 1 September 2024
Charge for year
At 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 31 August 2024
Long
leasehold
£
141,240
-
141,240
141,240
-
141,240
-
-
Equipment
£
171,996
10,429
182,425
155,050
10,950
166,000
16,425
16,946
Motor
vehicles
£
290,523
-
290,523
216,912
18,403
235,315
55,208
73,611
Totals
£
603,759
10,429
614,188
513,202
29,353
542,555
71,633
90,557

14. TANGIBLE FIXED ASSETS

continued...

Page 12

KENDAL MOUNTAIN SEARCH & RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

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
At 1.9.24
£
Unrestricted funds
General fund
461,879
Designated Operational Reserve
270,000
Designated Emergency Reserve
85,000
816,879
TOTAL FUNDS
816,879
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
99,776
TOTAL FUNDS
99,776
2025
£
3,724
2,096
6,098
4,435
1,648
18,001
2025
£
710,223
2025
£
1,295
3,720
5,015
Net
movement
in funds
£
31,376
-
-
31,376
31,376
Resources
expended
£
(68,400)
(68,400)

continued...

Page 13

KENDAL MOUNTAIN SEARCH & RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Designated Operational Reserve
Designated Emergency Reserve
TOTAL FUNDS
At 1.9.23
£
552,374
150,000
50,000
752,374
752,374
Net
movement
in funds
£
64,505
-
-
64,505
64,505
Transfers
between
funds
£
(155,000)
120,000
35,000
-
-
At
31.8.24
£
461,879
270,000
85,000
816,879
816,879

Comparative 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
Resources
Movement
expended
in funds
£
£
(101,392)
64,505
(101,392)
64,505
64,505

The Designated Operational Reserve is equivalent to three years essential operating costs assuming no external income and no capital expenditure.

The Designated Emergency Reserve is available should a vehicle be written off or for any other unforeseeable major expense.

19. OTHER FINANCIAL COMMITMENTS

Operating lease

The charity's lease with Cumbria County Council expired on 31 December 2018. At the time of preparing these accounts, Westmorland and Furness Council (formerly Cumbria County Council) have not offered a new lease contract. However, rent of £1,100 has been paid/accrued for each of the calendar years 2019 to 2025 inclusive.

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2025.

Page 14