SOUTHPORT OFFSHORE RESCUE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Charity registration number 1146805 Company registration numb8r 08011925 (England 8nd Wale81 PAGES FOR FILING WITH REGISTRAR SOUTHPORT OFFSHORE RESCUE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrAS D'Arcy-Maslers Mr R M Forshaw Mis N D Goldup rtr P M Hesketh Mr A J Porter Mr K A PorleF Mr N D Por16r Mr J Shawcrofl MrA WTopping Mrs Kwilson Mr8 EAlmond (Appointed 22 September 20211 Secretary Mrs E Almond Charlty number 1148805 Company numbor Registered office 7-9 Slaltron Road Hesketh Bank Preston Lancashire PR4 6SN Indepondont exomlner Champion TLL Limited 7-9 Slalion Road Heskelh Bank Pr8slon Lancashire PR4 6SN SOUTHPORT OFFSHORE RESCUE TRUST CONTENTS Page Trustees repori Indep8nd8nl &xamineVs repofl stal¢monl ol financial aclsvilies Balance sheet Notes to th6 financial slalements 10-20 SOUTHPORT OFFSHORE RESCUE TRUST TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT} FOR THE YEAR ENDED 31 MARCH 2022 The trustees present their annual report and financial slalemen15 for the year ended 31 March 2022. The financial slalemenls have been prepared in accordance wilh the accounting policies sel gul in note 110 the financial slalemenls and comply with the Charitablè Company'8 governing document, the Companie8 Act 2006 and "Accounting and Reporting by Charities.. Slalem8nt of Recommended Praclice applicable lo charities preparing their accounts in accordan￿ with the Financlal Reporting Standard applicable in lh8 UK and Republic of Ireland IFRS 1021" (affective l January 20191. Oble¢tlv&$ and actlvities The objects of the Charity are slated as follows. in the Governing Document.. Any charitablè purpose for the publi¢ banefil for the preservalion and saving of lire al sea and lo equip, maintain and opera18 an offshore rescue service al Soulhport. To carry out beach, mud and marshland searches and rosGu85 al Soulhporl and the surrounding area between the rivers Mersey and Ribble and lo assist in Improvlng the standards of ¢oastlinè safely there. Publlc bgnefit Th8 Truslees have considered the Chafily Commission guidance regarding public benefit and are satisfied that the activities of the Charity, as described above, meel thè necessary criteria. Achlevom&nt$ and porforman¢e S8arch and Rescue Service The slarl of the reporting period marked the SIDW return lo norm81 life following the devaslaling &ffects of the previous year due lo the Covid-19 pandemic. Following Government guidance we re-opened our charity shop, we r8-sl8rled our lifebo81 crew training sessions and recommenced work on our new Lifeboat Slalion project. As in the P￿vIOuS year, we r6mained fully available for all emergency call-outs. Our set of Emergency Opefaling Procedures were adapted Ihroughtsul the year as Government guidanc& changèd and reslriclions relaxed. The BoaTd of Trustee Direclors would like lo lake Ihis OPPDrlunily lo Ih2nk our Search and Rescue crews for Iheii dedication and commitment during this very dlfficull ptsriod and in ensuring that the service remained on 24 hour emergency call-oul throughout the year, wilhoul any "off-slalion. periods. We would also like lo extend thes& thanks lo our Charity Shop slaff, wlio have gonE far boyond Ihg exp&cled. in order lo keep the shop fully staffed and 81ocked throughout this very difficull period. The end of 2021 ended on a very posilive note, wSlh the completion of our long-running New Lifeboat Station project. SOUTHPORT OFFSHORE RESCUE TRUST TRUSTEES REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 New Lifeboat statlon Prolect In August 2015, thè Trust weie grarbled planning approval for the construction of 8 new Lifeboat Station. The sila located next lo the Esplanade Park and Rida car park was secured following 8greemenl with S8flon Council and in March 2018 the final Heads of Terms agre6ment for the lease of the land was signed by the Trust and the Council. Work started on the conslru¢lion of Ihe new Soulhport Lifeboat Slalion following a competitive tendering process in July 2018. Throughout the construction period we suffered many delays. Initially due lo a quality issue with the corfosion coalit)g ol the elected steel frame. Following the resolution of this issue, the steel frame and new coaling wère completed and work continued well until the slarl of the CDvid 19 pandemic. Work was immediately halted al the construction silo and remained closed unb'l Government reslriclions were eased and work recomm$ncèd under new guidelines. In early Spring 2021, il became apparent that there at80 had lo be a change of Pfime Contractor and th8 Tru81 wènt into n8golialions with a new Prime Contractor to lake Ihe construction lo a ¢onclusion. In May 2021, we completed our negolialions and signed a ¢Dnlracl with our new prime conlraclor, Senate Group Ltd. Work immedialety slailed and this continued throughout (he rest ol the year culminating in the signing of the practical completion certificate on the 22nd Dec8mber 2021. Immediatèly, plans were put in motion lo liansler all our as8&18 from our old boathouse into tha new facillly over the next few weeks and across Christmas. Finally, we completed the transfer and the new Lrfeboal Station became operational on 1st January 2022. Since then, we have held a number of Open Days and held numerous tslks lo Interested organlsations, where we have been able lo Showcas8 all our assets and the new facilities all under one roof. A8s&t8 Both our offshore and inshore lifeboats are regularly mainlalned in order lo ensure that they are ready for Imm&diale call-out al all limes. OurATV quads continue the service of providing an excollenl search and rescue (SARI capability for the Trust. In February 2021, the Trust's look delivery of their new quads following the three years of service provided by our previous machines. For the first lime in the Trust's hi810ry, a third quad was added lo our118el. As the quads have proven lo be the workhoise of our organisalion, il made sense lo add the third v&hicl8. This additional quad will provide an ability lo rDlale Ihe usage of the quads and lo ensure that iwo quads are available lor call-oijls al all Ilmes. The third quad can also bè used lo transport additional equipment using our ATV trailer if raquired. All three quads are also equipped with an extra seal. This enables us lo transporl additional personnel to and from an incident when required. The Trust have three launch vehicles in our fl8@1, 8 fully CDnv8r16d calerpi118r Challenger, a modified New Holland T05 tractor and also a Muir Hill 121. Currently the Challenger is our primary launch vehicle, wllh the New Holland belng utllised for inshorè Ilfèboal launching duties. Following the introduction of our UAS (Unmanned Aerial Sysleml assets IDron8sI lo our Search and Rescue setvice. They have been task8d lo many of our emergency call-outs. This is especially so in the search for missing casualties within the dunes lo the soulh of our operational area bul also frequently lo the vast marshland area lo th8 north. All our UAS operaliohs are cairied out with the sp8cif1c permission giv8n by Natural England lo fly within Sites ol Special Scientific Interest ISSSil. Also a major bgnelil of our UAS assets Is lo Ily above areas where people are In dangef of being cul off by the tide. They are able to relay information to Olir ground and waterborne assels directing them lo the safest passage lo safely. The Trust currently have three qualified SAR UAS Pilols and we operate 2 slate of the art drones, bolh with HD and thermal imaging cameras. SOUTHPORT OFFSHORE RESCUE TRUST TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Emergency Call-outs As in the previous year, the effeGls ol the Covld 19 pandemic and the Government enforcgd reslriclions the numb8r of Staycations ftsmainvd high. This gave the knock-on effect of a continued high number of emergency call-outs. Unlorlunalely, w8 continué lo have many ca114)uls to casualties suffering from Mental Health issues. Full dolails for the reporting Period are detailed in an appendix al the back of the 8ccounls. Charity Shop Following the reopening of th6 shop on 12th April 2021, when lockdown re8lriclions were lilled, we have not had lo close the shop due lo the Covid-19 p8ndemic. Government gtjidance conlinued lo be followed regarding soci81 distancing and mask wearing. Following all Ihe enforced cbsures in the previous yoar and the knock-on effect in the overall laklngs, this reporting year showed a signifieAnl lev81 of r￿0very. We also look the q)portunity lo add cashless payment option at the shop with the purchase of two conlaclle88 caid readeis. This has reduced the amount of cash that we carry and also having lo bank. The Trust currently ha5 4 leases al the Charity Shop complex, 69¢, 71 and 69b (Uni18 1 & 31 Everton Road. Southport Llfeboat Lottery Following Ihè lifting of Covid-19 Government reslriclions, Dur lollery canvassing company look the d&cision not lo resume Ih@ir normal door lo door aclivilies with signlng up new playeis. So lar, the number of aclwe players has onlinued lo remain steady wlh onty a small per¢enlage drop in active players and in turn we have only seen a small decrease in the monthly income provided. The Lollery ha8 proven lo be a very reliable source ol income which allows the Trust lo invest for the future in new equipment and premises, Donatlon8 and Bequests A number of fundraising activities both by ourselves and by our supporters, local organisations, clubs and soci81ies returned durÈng this reporting year which saw an increase in donations received. Unfortunately. our collection tins, Continues lo struggle with very little collected in these in all the variou8 shops and public hous65 in our area. However, we have benèfi116d from a number of significant legacies which have been bequeathed lo th8 Trust. Most namgly the Margaret Robertson Charitable Trust. which was formed shortly afltrr Mrs Robertson's d8alh in April 2020 to help suppoil three named charities, ol which we were named as one. This trust will provide upon application, funds for specific proj8cls on a year lo year basis for al least the next five lo ten years. April 2021 saw the firsl significanl payment made from the Charitable Trust lo our organisalion, which as specifically used lo help to complete the fin81 litling out of our new Lilebual Slalion. Dedicatlon Flnally, the Trust have the unfortunate duly lo reporl the sad news that one of our foundlng committee members died during this reporting period. The Trust would like lo express our Ihoughls and oondolences lo tra family and fiiends of Lord Ronnie Fearn OBE who sadly passed away on 24th January 2022. SOUTHPORT OFFSHORE RESCUE TRUST TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Flnanclal rèvlew The Trugtees alm lo malnlaln a lev81 of r88ervg8 that would enab18 Ihg Charlly to continu8 and b8 finBncially able for a perlod of knlve months, if income slfeams were lo dlmlnlsh,. Thls e¢wates lo approxlmatèly £150,000. Due lo th& drSve to raise funds for the bulldlng of a new boathou88. cash and Investment holding8 al the year end gre w$ll in oxcess ol the abc)ve amDunl. Much of Ih98e re8erves wlll bg spent In the medlum torm however, and most of the balance Is deslgnaled as fixed assèts wh8ra monies have already been spanl . The Trustees will monllor Ihls project closely to ensure sufflclenl re8eNe8 are relalned upon comple11￿. Investment pollcy and objoctlves The Trustees arg responsible for the Investment of any surplus funds of the Gharily. As such fund5 may be required for immedlata U88 or u8e In Ihe n8aT ftjlure, the Trustees conllnue to review varlous inlere8t bearing, instant access and term Ll&posll accounts in whlch lo place such monle3. stru¢ture* govornance and management The cha￿tY Is controlled by ils Memorandum and Articles of Association and conslilules a Ilrniled company, Ilmit8d by guorantee, as defined by the CompaniesAd 2006, The Irusloes, who are also the directors for the purposè of company law, and who seN8d durlng the year and up lo the dale of signatur8 of the financial statements were.. Mi T J Ableti (Reslgned 7 March 2022) Mr8 J Brldg8 MrA S D'Arcy-Masters Mr R M Forshaw Mrs N D Goldup Mr P M Hèskolh MrAJ Porter Mr KA Portèr Mr N D Porter Mr J Shawcroft MrA WTopping Mrs K Wilsot) Mr8 EAlmond IAppolnl8d 22 September 2021) Th8 Trustees for the year In quesllon ara detsll8d In tho accompanying documents. NewTru$tee$ can be appointed by a re8olullDn of Ihe exisllng Tru8lee8. Inductlon and tralnlng of new trustees Tralnlng and Inductlon Is provlded vort)ally by exlsilng Trustees. The trustees report was approved by the Board ofTtustea$. ¢¢ MrAS D'A Trust88 D418.' SOUTHPORT OFFSHORE RESCUE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTHPORT OFFSHORE RESCUE TRUST I report lo the trustees on my éxamlnallon of the f4nanclal slalemenls of Soulhport Offshore Resc￿ TTUSI Ilhe Charitable Company) for the yegr ended 31 March 2022. Responslbllllles and basls of report As the trustees of Ihe Charitable Company (and also Ks dlreclor8 for thg purposes of company law) you arè iesponslble for the preparatlon of Ihe financlal 8latemenls In accordance with the requirements of thè Companles Act 20C6 (tho 2006 Act). Havlng salisftÉd myself that tho financtal slalemen18 of the Char￿ablE Compony are not r8quirad to b8 audiled undor Part 16 of the 21106 Act and ar8 81igib18 for independent oxamination, I report in respect of my examination of the Charitable Company's financial statements carried out under sedion 145 of the Charlti68 Act 2011 Ilhe 2011 AGtI. In earrylng out my examinatlon I have followed all the appllcable Dlrect6ong glyen by the Chartly Commission under secllon 145{5){bl of Ihp 2011 Act. Ind&p8ndent examlrtèr's statem&nt Since Ihe Charllable Companls gr088 income exceoded £250,000 YOLW examlner must ba a m8mbeT of a body listed in secllon 145 of the 2011 Act. I confimi thgt l am qualified to undertake the examination because l am a m$mber of , whlch Is ono of the li31eLI bodles. I have completed My examination. I confirm that no mallers have Come to my attonlion in connecllon with the examinallon glvlng me cause to believe that In any material respèct.. a¢¢ounling records were not kept In regpecl of the Charitable Company a8 requlred by seclign 386 of the 2￿6 Act,. or the financlal statements do not accord wlth those records.. or the financial statements clo not comply with the accounting requiremen18 018ection 39e of the 2006 Act other than any requlremènt that the accoun18 glve a true arKI falr vlew whlch18 not a maltfjr consid8r8d as part ol an indepèndent examlnalion., o the firbanclal slalements have not t*en prepared in accordance with Ihe methods and prlnclple8 of th8 Slalement of Recommended Practice for accoLtnllng and reporting by ¢h8rilles applicable to charttles preparing their accounts In accordance with the Flnandal Reportlng Standard appllcable In the UK aNI Republlc of Ireland IFRS 1021. I have no Concerns and have come across no other matters In connectiL)n wlth the examinalior) to which attention Should be drawn In th18 veport In order to enable a proper understanding of the finandal 8talements lo be reached. Champlon TLL Llmlted P Buck FCA.DChA 7-9 Slalion Road Heskelh Bank Preston Lancashire PR4 SSN Datgd.. SOUTHPORT OFFSHORE RESCUE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Currènt flnanclal year Unrestrlcted D681gnatèd Restricted funds fund8 funds Total Total 2022 2022 2022 2022 2021 Not@S Donations and legacies Othèr trading activities Invesimenls Other income 47,195 290,047 932 65,000 112,195 290,047 932 238,669 186.287 2,652 1,974 Total Income 338,174 65,000 403,174 427,582 Raising funds 28.923 28,923 25,61 S Offshore rescue 246.729 246,729 137,427 Other 13 3,573 3,573 Total gxpendlture 279,225 279,225 163,043 Not Incoming resources before transfer8 58,949 65,000 123,949 264,539 Gross transfers beiween funds 72,713 107,287 1180.000> Net IncomellexpgndSturo} for the yearl Net movement In fund8 131,662 107,287 1115,000) 123,949 264.539 Fund balences al l April 2021 408,352 2.588.882 115.000 3,112,234 2,847,695 Fund balan¢08 at 31 Mar¢h 2022 540,014 2,696,169 3,236,183 3.112.234 The slalemenl of linanclal 8cllville8 Includes all gain8 and1088es recognised in the year. All income and oxpendilure derive from continuing aGlivilies. The slalemenl of financial 8clivilies also complies with the requirements for an income and expenditure account u￿ler the Companies Act 2006, SOUTHPORT OFFSHORE RESCUE TRUST STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Prior financlal year Unrestrictpd Designated Restrlcted funds funds fund8 Total 2021 2021 2021 2021 Notes Donations and legacies Olhar trading activities Investrnenls Other income 121,669 186.287 2,662 1,974 115,000 236,669 186,287 2,652 1,974 Total Income 312,582 115,000 427,582 Raising funds 25,618 25,616 Offshore rescue 137,427 137.427 Total expendlture 163,043 163,043 N9t Incomlng resour¢eB before transfers 149,539 115,000 264,539 Gros8 transfers between funds 1426,3041 426,304 Net Incomellexpendlturel for the yearl Net mov8ment In funds 1276,7651 426,304 115,000 264,539 Fund balances al l April 2020 685,117 2,162,578 2,847.695 Fund balances at 31 March 2021 408.352 2,588.882 115,000 3,112,234 SOUTHPORT OFFSHORE RESCUE TRUST BALANCE SHEET AS AT 31 AIARCH 2022 2022 2021 Notes Fixed assets Tangible assets 14 2,435,681 1,842,882 Current a889ts Stocks Deblors Investments Cash al bank and in hanrj 16 17 18 1,097 13.997 409,120 380,184 1.118 19,751 448,301 812.715 804.398 1,281.885 Creditors., amounts falling due within one year 19 13.8961 112.5331 Nel current assets 800,502 1,269,352 Total assets less current liabilities 3,236,183 3,112.234 Income fund8 Reslrlcled funds nreslricled funds Designated funds General unreslricled funds 20 115,000 21 2,885,681 S50.502 2,588,882 408,352 3,236,183 2.997.234 3,236,183 3,112,234 SOUTHPORT OFFSHORE RESCUE TRUST BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022 The company 18 enlitlod to Ihg exemplion fiom th8 8udlt requwement contained Sn s8clSon 477 of the Companies Act 2006, for the year ended 31 March 2022. The directors acknowledge Ih8ir respDnsibllilies for complying with the requlrements of the Compariies Act 2008 with respect to accounting re¢ord5 and th8 prèpar?Ilon of financlal statements. The members have not required thè company lo oblaln an audit of Ils flnanclal slalemen18 for the year In questlon in accordance section 478. These financlal statements have been prepared In accordance wth the provislons applicable lo Gompanies subject lo the small Gompanle8 regime. Tha ffnanclal slalements were approved by the Trustees on .. .4/o..?/2o22 MrA J Porter Trustse Company règlstratlon numb8r 0801192J SOUTHPORT OFFSHORE RESCUE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accountlng pollcle8 Charlty Informatlon Soulhport Offshore Rescue Trust is a private company Ilmiled by guafftnlee incorporated in England and Wales. The registered office is 7-9 Slalion Road, H8skelh Bank, Preston, Lancashir8, PR4 6SN. 1.1 Accountlng convgntlon The financial slal8menls have been prepared in accordance with the Charitable Company's Igoverning documenll, the Companies Act 2006, FRS 102 The Financi31 Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102,1 and the Charities SORP Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing Ihgir a¢counls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeclive 1 January 2019). The Charitable Company Is a Public Benefit Entily as defined by FRS 102. The Charitable Company has taken advantage of thè provlslons in the SORP for charlli&s not lo prepare 8 Slalemenl of Cash Flows. The financial 51alemenls are prepared in sterling, which 18 the funcllonal currency of the Charitable Company. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The flnancial slalemenls have been pr&pared under the historical oost convention accounting policies adopted are sel out below. The principal 1.2 Golng concern Al the lime of approving the financial slalemenls, the Iruslees have a reasonable expectation that the Charitab16 Company has adequate resources lo ctsnlinue in operational èxistence for the foreseeable fulvre. Thus the Iruslees continue lo adopt the going concern basis of accounting in preparing the financial stalemenls. 1.3 Charltable fund8 Unreslriclod funds are available for use at the discretion of the trustees in furtherance of Ihèlr charitable objectives. Reslricled funds are subject to specific wndilions by donors as lo how they may be used. The puiposes and uses of the reslricled funds are sel out in the noles lo the financial slatemenl8. 1,4 Inoomè Income is recognised when the Charitable Company is legally enlilled lo il after any performance conditions have bèen met, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charitabl& Company has been notified of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relalion lo donations received under Gift Aid gr deeds of covenant is recognised al the limo of the donation. LÈgacies are recognised on rfjceipl or otherwise if the Charitable Company has been nolilied of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known, ltr legacy is Irealed as a conlingonl asset. 10- SOUTHPORT OFFSHORE RESCUE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Aeeourttlng policlos IContinu8dl 1.5 Expendlture Exwnditure is recognised once there 18 a legal or conslruclive obligation lo transfer economic benefit to a third party. il is probable that a Iransfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expendllure is cla85ified by aclmly. The costs of each activity are m8dg up of the lolal of direct costs and shared Gosls, including support costs involved in undeilaking oach aclivily. DiTecl costs allributalJ8 lo a single activity are allocated directly lo Ihal aclivily. Shared costs which contribute lo more than one activity and support costs which are not allribulable lo a 8ingle activity are apportioned between those activities on a basis eonsislenl with the use of resources. Central staff cosls aro all￿ated on the basis ol lime swnl, and depreciation charges are allocated on the portion of the ass&l's use. 1.6 Tanglble flxèd asset8 Depreciation 18 recognised so as to write off the co&1 or valuation of assels less their residual values over their useful lives on the following bases- Leasehold improvements Life boa18 Flxlures and filllngs Boathouse contents Vehicles 0% 10Vo fjo% 10Vo Freehold land and a8sels in the cour8e of construction are nol dèpreciated. The gain or Ioss arising on the disposal of an asset is determined as the difference bets￿e￿n tha sale proceeds and the carrying value of the asset, and is recognised in the slalemenl of financial aclivilies. 1.7 Stocks Slocks afe valLEed at the lower of cost and nel iealisable value, afier making due allowance ft)r obsolgle and slow moving items. Nel realisable value is tho eslimaled sglling prico less all eslimaled costs of completion and costs lo be incurred in marketing, selling and distribution, 1.8 Cash and cosh oquEvalgnts Cash and cash equivalents include cash in hand, deposits h&ld al call with banks. other shorl-lerm Ilquid Investments with original rllalurilies of Ihiee months or less, and bank ovfirdrafls. Bank ov&rdrafls are shown within borrowings in current liabilities. 1.9 Financlal Instruments The Charitable Company has elected lo apply the provisions ol S8clion 11 'Basic Financial Inslrumenls, and Section 12 '01her Financial Instruments Issues, of FRS 702 to all of ils financk?l inslrumenls. Financial in8trumenls are recogni8ed in the Charitable Company's balance sheet when the Charitable Company becomes party to the conlraolual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the ftnancial slalemenls, when there is a legalty enforceable rlght lo sel off the recognised amounts and there is an intention to $01118 on n81 basis or lo realise th& asset and sellle Ihe liability simultaneou81y. SOUTHPORT OFFSHORE RESCUE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accountlng poll¢le8 {C¢ntlnuedl Baslc financlal assets Bas¢c financial assets, which include debtors and cash ancl bank balances, are initially measur8d at transaction price including transaction costs and are subsequently carried al amorlised cost using Ihe effective interest method unless the afrangement conslilules a financing Iransaclion, where the transaction is measured al the present value of the future receipts discounted al a markel rale of inleresl. Financial assets classified as receivable within onej year are not amorlis6d. Basle flnanelal Ilablllties Basic financial liabililies, including creditors and bank loans are initially recognised al transaction price unless Ihe arrangement conslilulès a financing Iransaclion, where tha debt instrument is measured at the presenl value of tho future payment8 discounted al a market rale of interest. Financial liabilities classified as payable within on8 y88r 8re not amorlised. Debt inslrumènls are subsequently car¥ied al arnortised Gosl, using the offsclive Intere81 rale m8lhod. Trade c￿d}lor8 are obligations lo pay for goods or services that have been acquire(l in the ordinary course of operalions from suppliers. Amounts payabl8 are classified as curienl liabilities if payment is due within one year or188s. 11 not, they are presented as non-curienl liabilities. Trade creditors are iecDgnised initially al transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of flnanclal IITabilities Financial liabilities are derecognised when the Chafilable Company's conlraclual obligations expire or are discharged or can¢ell¢d. Crltloal a¢Gountlng estlmate$ and Judgements In the applicalion of the Charitable Company's accounling pollcles, the Iruslees are requirèd lo make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sourcos, The eslima16s and associated a88umpliDns are based on hislorical experience and other faclors that are considered lo be relevant. Actual r8sulls may differ from these eslimales. The eslimalès and underlylng a8sumplion8 are revlewed on an ongoing basis, Revisions lo accounting estimates are recognised iii the period in which the eslimalè is revised where the r8vision affects only that Period, or in the period of the fevision and future periods where the revision affects both current and futur8 pèriods. Donatlon8 and legacle8 Unre8trlcted Re8trlcted fund8 funds Total Unr6slricled Reslricled funds funds Totsl 2022 2022 2022 2021 2021 2021 Donations and gifts Grant received 47,195 65.000 112.195 102,238 1S,431 115,000 217,238 19.431 47.195 65,000 112,195 121.669 115,000 236,6e9 12- SOUTHPORT OFFSHORE RESCUE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Donatlons and l•gacle8 (Continued) Grants reoeivablo for core actlvltle8 Government Grant JRS Grant 10,000 9,431 10,OQO 9,431 19,431 19,431 other tradlng actlvltle8 Unrestrlcted Unreslricled funds funds 2022 2021 Shop income Spon80rships and socl81 lolleries 222,005 68.042 117.205 e9,082 Other trading activities 290,047 186,287 Invfystment8 Unre8trlctod Unreslricled fundB funds 2022 2021 Income from unlisted investments Interest receivable 36 896 45 2,607 932 2,652 Othèr Income Total Unreslricled funds 2022 2021 Nel gain on disposal of langlble Ilxed asset8 1.974 13- SOUTHPORT OFFSHORE RESCUE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Ralslng fund8 Unrestrlcted Unreslricled funds funds 2022 2021 0￿ratIng charity shops 28,923 25.616 28,923 25,616 Offshore rescue Offshore rescue 2022 Offshore rescue 2021 Depreciation and impairmenl Rates and waler Insurance 75,482 3,408 20,146 75,483 735 12,504 E li Light and heat Tèlephone and pagers Postage and slalionery Sundri98 Repairs and equipment Fuel Training Sile and security cos18 Bank charges 2.403 3,573 196 2,561 61,762 1.357 7,088 63,491 80 492 3,453 129 1,S99 24,453 1,302 1,668 11,167 92 241.527 133,077 Share ol govemance costs18ee note 101 5.202 4,350 246,729 137,427 De8crlptlon of charltablo actlvitles Sales within charilablè aclivilies 14- SOUTHPORT OFFSHORE RESCUE TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 10 Support eost8 Support Governanog C08ts costs 2022 Support Governance osls costs 2021 Accountancy fees Legal and professional 935 4,267 935 4,287 850 3,500 850 3.500 5,202 5,202 4,350 4,350 Analysed balw88n Charitable aclivilies 5,202 5,202 4,350 4,350 41 Trustees None of the Iiuslee8 loi any persons connecled with them) recelved any remuneration or benefits from the Charitable Company during the yoar. There were no employees whose annual remuneration was more than £60,000. 13 Other Unrfjstrlcted funds Total 2022 2021 Nel1088 on dlsposal of18mglble fixed as8818 3,573 3,573 15- c) o) co (o u) eo ts) to Lyi ) w) u) 5¥ SOUTHPORT OFFSHORE RESCUE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 15 Financial instruments 2022 2021 Carrylng amount of flnanclal assets Instruments measurèd al lair value through profil OT Ioss 409,120 448,301 16 Stocks 2022 2021 Raw materials and con8umable8 1,097 1,118 17 Debtors 2022 2021 Amounts falllng due wlthln ono year: Other debtors 13,997 19,751 18 Current assèt InveBtmont8 2022 2021 Unlisted inveslmenls 409,120 448,301 19 Credltors: amounts falllng due wlthln one year 2022 2021 Trade creditors Accruals and deferred income 2,451 1,445 11,683 850 3,896 12,533 20 R?strl¢tgd funds The income funds of Ihe charity include restricted funds comprising Ihe following unexpended balances of donations and grants held on trust for specific purposes.. Movement In funds Incomlng resou￿88 Movement in funds Balanco at l Aprll 2021 In¢omlnu rèsour¢e$ Tran8f8r8 Balance at 31 ma￿11 2022 Reslricled fund 115,000 115,000 65,000 1180.0001 17- SOUTHPORT OFFSHORE RESCUE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 21 Doslgnatgd funds The income funds of the charily include the following designated funds which have been sel aside out of unreslricled funds by the Iruslee8 for specific purposes.. alance at l Apwll 2020 Tran$fer5 Balanco at I ApTII 2021 Tran&fers Balanc¢ at 31 M#rGh 2022 Destgnaled - existing fixed assets D6s¢gnaled - boathouse Destgnaled - equipment 1,416,578 566,000 180,000 426.304 1,842,882 566,000 180,000 592,799 2,435,681 1566,0001 70,QOO 250,000 2,162,578 428,304 2,588,882 96,799 2.685.681 Tran8fer8 betwaen funds and fund balance8 The transfer from the general fund recognises the movement in de81unaled balances noted below. The fixed assets destqnaled fund repres8nls monies already spént on fixed assets and equipment whlch are shown on the balance sheet bul don't reflect liquid resources. The boathouse designated fund represented capital commitments which have been ear-m8rked for th& remaining bulldlng and running Gosls of a new boalhoLSSe. The equipmenl replacemenl designated fund roprèsenls the necessily lo upgrade and r&placs equipment and vehicle8 to keep up with required standards and code8 of conduct 18- 7J ￿ rtsl SOUTHPORT OFFSHORE RESCUE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 23 Related party transactlons There were no disciosable related party transactions during the year12021- none). -20- # **Southport Offshore Rescue Trust – Details of Activities and Achievements for the Year 2021/22** ## **Search and Rescue Service** The start of the reporting period marked the slow return to normal life following the devastating effects of the previous year due to the Covid-19 pandemic. Following Government guidance we re-opened our charity shop, we re-started our lifeboat crew training sessions and recommenced work on our new Lifeboat Station project. As in the previous year, we remained fully available for all emergency call-outs. Our set of Emergency Operating Procedures were adapted throughout the year as Government guidance changed and restrictions relaxed. The Board of Trustee Directors would like to take this opportunity to thank our Search and Rescue crews for their dedication and commitment during this very difficult period and in ensuring that the service remained on 24 hour emergency call-out throughout the year, without any “off-station” periods. We would also like to extend these thanks to our Charity Shop staff, who have gone far beyond the expected, in order to keep the shop fully staffed and stocked throughout this very difficult period. The end of 2021 ended on a very positive note, with the completion of our long-running New Lifeboat Station project. ## **New Lifeboat Station Project** In August 2015, the Trust were granted planning approval for the construction of a new Lifeboat Station. The site located next to the Esplanade Park and Ride car park was secured following agreement with Sefton Council and in March 2018 the final Heads of Terms agreement for the lease of the land was signed by the Trust and the Council. Work started on the construction of the new Southport Lifeboat Station following a competitive tendering process in July 2018. Throughout the construction period we suffered many delays. Initially due to a quality issue with the corrosion coating of the erected steel frame. Following the resolution of this issue, the steel frame and new coating were completed and work continued well until the start of the Covid 19 pandemic. Work was immediately halted at the construction site and remained closed until Government restrictions were eased and work recommenced under new guidelines. In early Spring 2021, it became apparent that there also had to be a change of Prime Contractor and the Trust went into negotiations with a new Prime Contractor to take the construction to a conclusion. In May 2021, we completed our negotiations and signed a contract with our new prime contractor, Senate Group Ltd. Work immediately started and this continued throughout the rest of the year culminating in the signing of the practical completion certificate on the 22[nd] December 2021. Immediately, plans were put in motion to transfer all our assets from our old boathouse into the new facility over the next few weeks and across Christmas. Finally, we completed the transfer and the new Lifeboat Station became operational on 1[st] January 2022. Since then, we have held a number of Open Days and held numerous talks to interested organisations, where we have been able to showcase all our assets and the new facilities all under one roof. ## **Assets** Both our offshore and inshore lifeboats are regularly maintained in order to ensure that they are ready for immediate call-out at all times. Our ATV quads continue the service of providing an excellent search and rescue (SAR) capability for the Trust. In February 2021, the Trust’s took delivery of their new quads following the three years of service provided by our previous machines. For the first time in the Trust’s history, a third quad was added to our fleet. As the quads have proven to be the workhorse of our organisation, it made sense to add the third vehicle. This additional quad will provide an ability to rotate the usage of the quads and to ensure that two quads are available for call-outs at all times. The third quad can also be used to transport additional equipment using our ATV trailer if required. All three quads are also equipped with an extra seat. This enables us to transport additional personnel to and from an incident when required. The Trust have three launch vehicles in our fleet, a fully converted Caterpillar Challenger, a modified New Holland TD5 tractor and also a Muir Hill 121. Currently the Challenger is our primary launch vehicle, with the New Holland being utilised for inshore lifeboat launching duties. Following the introduction of our UAS (Unmanned Aerial System) assets (Drones) to our Search and Rescue service. They have been tasked to many of our emergency call-outs. This is especially so in the search for missing casualties within the dunes to the south of our operational area but also frequently to the vast marshland area to the north. All our UAS operations are carried out with the specific permission given by Natural England to fly within Sites of Special Scientific Interest (SSSi). Also a major benefit of our UAS assets is to fly above areas where people are in danger of being cut off by the tide. They are able to relay information to our ground and waterborne assets directing them to the safest passage to safety. The Trust currently have three qualified SAR UAS Pilots and we operate 2 state of the art drones, both with HD and thermal imaging cameras. ## **Emergency Call-Outs** As in the previous year, the effects of the Covid 19 pandemic and the Government enforced restrictions the number of Staycations remained high. This gave the knock-on effect of a continued high number of emergency call-outs. Unfortunately, we continue to have many call-outs to casualties suffering from Mental Health issues. ## Full details for the reporting period are as follows: **----- Start of picture text -----**
Date Incident Asset Used Action Casualties
2022
Quads & UAS
01/04/21 Search for missing male at Ainsdale beach Team Stood down
03/02/21 Search for despondent female in the water at Southport beach. ILB & Quads Lives saved 1
Found and brought ashore to safety
Quads & UAS
02/01/22 Search for despondent female at Formby beach. Stood down
Team
2021
07/12/21 Search for despondent female at Southport beach. Found and Quads Lives saved 1
brought to safety.
28/11/21 Search for female in the water at Southport Marine Lake. ILB & Quads Stood down
27/11/21 Search for despondent male at Ainsdale beach. Found and Quads Assisted 1
brought to safety
27/09/21 Search for despondent female at Southport beach. Quads Stood down
11/09/21 Search for despondent male at Southport beach. Quads Stood down
Yacht with 3 POB in difficulty with engine failure off Southport
18/08/21 OLB Lives saved 3
beach. Found and towed to safety.
13/08/21 Search for 5 missing children at Formby beach Quads Stood down
08/08/21 Search for despondent male at Birkdale beach. Found and OLB & Quads Assisted 1
brought to safety
07/08/21 Pregnant woman with suspected broken ankle at Formby beach. Quads Assisted 1
Brought to safety.
01/08/21 Search for 2 walkers attempting to cross to Blackpool. Nothing ILB, Quads & Stood down
found – suspect local wild fowlers UAS Team
Vessel with 3 POB in difficulty with engine failure off Ainsdale.
22/07/21 OLB Lives saved 3 & vessel
Found and towed to safety
21/07/21 Search for despondent male at Southport beach. Found and ILB & Quads Assisted 1
brought to safety
18/07/21 Vessel with 1 POB in difficulty in River Ribble. Assisted Lytham ILB Assisted 1 person &
ILB with tow. vessel
17/07/21 Search for 2 walkers attempting to cross to Blackpool. Found Quads & UAS Lives saved 2
and brought to safety. Team
17/07/21 Search for missing child at Ainsdale beach Quads Stood down
17/07/21 Search for missing child at Formby beach Quads Stood down
**----- End of picture text -----**
**----- Start of picture text -----**
26/06/21 Fallen horse rider at Ainsdale beach. OLB & Quads Stood down
22/06/21 Search for missing despondent female at Ainsdale beach. OLB & Quads Stood down
15/06/21 Search for despondent male in the water at Southport beach. OLB & Quads Lives saved 1
Found and brought ashore.
06/06/21 Search for 2 missing children at Southport beach. Found and Quads & UAS Lives saved 2
brought to safety Team
05/06/21 Search for missing male at Ainsdale beach Quads Stood down
Search for 2 despondent females at Southport beach. Both Quads & Foot
02/06/21 Assisted 2
found and brought to safety Team
OLB, Quads &
01/06/21 Search for missing child at Formby beach UAS Team Stood down
Vehicle and occupants stuck on sandbank at Birkdale beach. 4 people & 1
30/05/21 Tractor Assisted
Towed to safety vehicle
28/05/21 Search for a vulnerable male at Ainsdale beach All units Stood down
19/05/21 Search for despondent male in Ainsdale dunes. Quads Stood down
23/04/21 Search for 2 missing females in wetlands south of Pontins, Quads & UAS Assisted 2
Ainsdale. Found and brought to safety Team
19/04/21 Search for missing despondent female north of Southport Pier. Quads & UAS Lives saved 1
Found at brought to safety Team
Quads & UAS
11/04/21 Search for missing despondent male at Formby beach. Team Stood down
**----- End of picture text -----**
## **Charity Shop** Following the reopening of the shop on 12[th] April 2021, when lockdown restrictions were lifted, we have not had to close the shop due to the Covid-19 pandemic. Government guidance continued to be followed regarding social distancing and mask wearing. Following all the enforced closures in the previous year and the knock-on effect in the overall takings, this reporting year showed a significant level of recovery. We also took the opportunity to add a cashless payment option at the shop with the purchase of two contactless card readers. This has reduced the amount of cash that we carry and also having to bank. The Trust currently has 4 leases at the Charity Shop complex, 69c, 71 and 69b (Units 1 & 3) Everton Road. ## **Southport Lifeboat Lottery** Following the lifting of Covid-19 Government restrictions, our lottery canvassing company took the decision not to resume their normal door to door activities with signing up new players. So far, the number of active players has continued to remain steady with only a small percentage drop in active players and in turn we have only seen a small decrease in the monthly income provided. The Lottery has proven to be a very reliable source of income which allows the Trust to invest for the future in new equipment and premises. ## **Donations and Bequests** A number of fundraising activities both by ourselves and by our supporters, local organisations, clubs and societies returned during this reporting year which saw an increase in donations received. Unfortunately, our collection tins, continues to struggle with very little collected in these in all the various shops and public houses in our area. However, we have benefitted from a number of significant legacies which have been bequeathed to the Trust. Most namely the Margaret Robertson Charitable Trust, which was formed shortly after Mrs Robertson’s death in April 2020 to help support three named charities, of which we were named as one. This trust will provide upon application, funds for specific projects on a year to year basis for at least the next five to ten years. April 2021 saw the first significant payment made from the Charitable Trust to our organisation, which as specifically used to help to complete the final fitting out of our new Lifeboat Station. ## **Dedication** Finally, the Trust have the unfortunate duty to report the sad news that one of our founding committee members died during this reporting period. The Trust would like to express our thoughts and condolences to the family and friends of Lord Ronnie Fearn OBE who sadly passed away on 24th January 2022.