## **Southport Offshore Rescue Trust – Details of Activities and Achievements for the Year 2024/25**
## **Search and Rescue Service**
As in all previous years, we remained fully available for all emergency call-outs, with crew available for all eventualities.
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 period and in ensuring that the service remained on 24 hour emergency call-out throughout the year. We would also like to extend these thanks to our Charity Shop staff, who have kept the shop fully staffed and stocked throughout this period, ensuring that the much needed funds were brought in to maintain our service delivery.
## **Lifeboat Station**
Since the opening of our new Lifeboat Station in January 2022, 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.
Throughout this reporting period, the Trust have welcomed many of our Emergency Services colleagues to our Lifeboat Station during emergency callouts, as a central reporting base. We have also hosted a number of joint emergency services meetings, which have proved invaluable for the recognition of the services provided by our organisation.
## **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.
During this reporting period, the Trust have recognised that our main offshore lifeboat “Heather White” will need to be replaced within the next few years. Although the lifeboat continues to provide excellent and reliable service, it is taking more time to keep on top of the required maintenance. The Trust have therefore commenced on a feasibility study on all the potential replacement craft that are currently in production throughout North West Europe. The study will include a list of minimum requirements in order to create a shortlist of suitable candidates. At the end of the reporting period, this shortlist had been completed and visits to trial all the various craft had also been undertaken. It is the Trust’s intention to announce the successful manufacturer and sign the new-build contract in Summer 2025.
In January 2024, we replaced our three ATV quads, which had come to the end of their operational service life with us. They were very well maintained
and were able to command a very good trade-in value against their replacements. The Trust decided to continue with the same make and model (CanAm Outlander) as previous due to their ability to cope with our local terrain. The ATV quads continue the service of providing an excellent search and rescue (SAR) capability for the Trust. The quads have proven to be the workhorse of our organisation, All three quads are
also equipped with an extra seat. This enables us to transport additional personnel to and from an incident when required. We are also able to transport additional equipment if required, through the use of an ATV trailer attached to one of the quads.
During the summer of 2024, the new and recently converted Challenger E85 launch vehicle was delivered from Habbeke Shipyard in Holland and was immediately put into service as our primary launch vehicle. Our other Challenger E95 has been moved into a A SOUTH ORT an, Merce # reserve function. The j Trust also has a third 7 | ‘ : ! launch vehicle, a modified New Holland TD5 tractor, which is ZU gee | d primarily to launch our smaller inshore lifeboat.
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.
After an intensive training period during this reporting period, culminating in a final practical and theory based exam, the Trust have increased their SAR UAS Pilot roster from 2 to 5. We currently operate 2 state of the art drones, both with HD and thermal imaging cameras, following the retirement from service of our original assets that no longer receive the required software support from the manufacturer.
## **Emergency Call-Outs**
Full details for the 2024/25 reporting period are as follows:
|**Date**|**Incident**|**Asset**
**Used**|**Action**|**Casualties**|
|---|---|---|---|---|
|**2025**|||||
|23/02/25|Assisted in search for a missing male in the vicinity
of Southport Pier. Nothing found.|Quads &
UAS|Stood
down||
|16/02/25|Assisted Police in the recovery of a body at Formby
Beach. Brought ashore and handed over to the
Coroner and NWAS.|Quads|Lives lost|1|
|13/02/25|Continued to assist in a large-scale multi agency
search for a missing male at Formby Beach and
surrounding area.|Quads &
UAS|Stood
down||
|12/02/25|Continued to assist in a large-scale multi agency
search for a missing male at Formby Beach and
surrounding area.|Quads,
Foot Team
& UAS|Stood
down||
|11/02/25|Assist in a large-scale multi agency search for a
missing male at Formby Beach and surrounding
area.|OLB,
Quads,
Foot Team
& UAS|Stood
down||
|01/02/25
~~es~~|Search for a missing driver of a car that had
crashed into the Southport Marine Lake. Found by
Police inland later in the day.
~~es~~|ILB, Quads
& UAS
~~es~~|Stood
down
~~es~~|~~es~~|
|---|---|---|---|---|
|20/01/25
~~es~~
~~a~~|Assist in a large-scale multi agency search for a
missing teenager at Ainsdale. Found, brought to
safety and handed to NWAS.
~~es~~
~~eeeee~~|OLB,
Quads,
Foot Team
& UAS
~~es~~
~~eeeee~~|Lives
saved
~~es~~
~~eeeee~~|1
~~es~~
~~eeeee~~|
|18/01/25
~~a~~|Search and recovery of a vulnerable female in the
tideline at Southport Beach. Brought to safety and
handed to NWAS.
~~eeeee~~|Quads &
ILB
~~eeeee~~|Lives
saved
~~eeeee~~|1
~~eeeee~~|
|**2024**
~~a~~
~~eeeee~~
~~Pe~~|||||
|25/12/24
~~Pe~~
~~a~~|Search and extraction of a male experiencing a
medical emergency within Birkdale Dunes. Brought
to safety and assessed as not requiring NWAS
assistance.
~~Pe~~
|Quads &
UAS
~~Pe~~
|Lives
saved
~~Pe~~
~~**ee**~~
|1
~~Pe~~
~~**ee**~~
|
|24/11/24
~~a es~~
~~a~~|Search for vulnerable female near Southport Pier.
Found by Police inland.
~~es~~
|Quads &
UAS
~~es~~
|Stood
down
~~es~~
~~**ee**~~
~~e~~|~~es~~
~~**ee**~~
|
|22/11/24
~~a es~~
~~a ee~~|Recovery ashore of 2 people stuck in mud on
Southport Beach, near Weld Road.
~~es~~
~~ee~~|Quads
~~es~~
~~ee~~|Assisted
~~es~~
~~**ee**~~
~~ee~~
~~e~~|2
~~es~~
~~**ee**~~
~~ee~~|
|13/09/24
~~a ee~~
~~eee~~
~~a~~|Search for 2 people attempting to walk to
Blackpool. Located 2.5 miles north of Rainfords
Track and brought back to safety.
~~ee~~
~~eee~~
|ILB, Quads
& UAS
~~ee~~
~~eee~~
|Lives
saved
~~**ee**~~
~~ee~~
~~e~~
~~eee~~
~~eee~~
|2
~~**ee**~~
~~ee~~
~~eee~~
~~eee~~
|
|31/08/24
~~eee~~
~~a ee~~
~~a~~
~~PF~~|Search for missing child at Ainsdale Beach. Stood
down en route.
~~eee~~
~~ee~~
|Quads
~~eee~~
~~ee~~
~~ee~~
|Stood
down
~~eee~~
~~ee~~
~~eee~~
~~eee~~
|~~eee~~
~~ee~~
~~eee~~
~~eee~~
|
|31/08/24
~~a~~
~~PF~~|Recovery of a broken-down fishing boat with 4
POB. Boat towed to Ainsdale for recovery.
~~ee~~
|OLB
~~ee~~
~~ee~~
|Assisted
~~eee~~
~~ee~~
~~eee~~
|4
~~eee~~
~~ee~~
~~eee~~
|
|18/08/24
~~PF|~~|Search for a vulnerable female in the dunes near
Victoria Rd, Formby. Found, given first aid and
brought to safety then handed to NWAS.
~~|~~|OLB,
Quads &
UAS
~~ee~~
~~|~~
~~ee~~|Lives
saved
~~eee~~
~~|~~
~~eee~~|1
~~eee~~
~~|~~
~~eee~~|
|11/08/24
~~PF~~
~~a~~|Search for missing person at Ainsdale Beach.
Stood down en route.
~~a~~
~~ee~~|OLB &
Quads
~~ee ~~
~~a~~
~~ee~~
~~ee~~|Stood
down
~~eee~~
~~a~~
~~ee~~
~~eee~~|~~eee~~
~~a~~
~~ee~~
~~eee~~|
|02/08/24
~~PL~~
~~ae~~|Search for male reported to be in difficulty near
Southport Pier. Found and assessed as not in any
danger.
~~PL~~|Quads &
UAS
~~ee ~~
~~PL~~
~~ee~~|Assisted
~~eee~~
~~PL~~
~~ee~~|1
~~eee~~
~~PL~~
~~ee~~|
|29/07/24
~~a ee~~
~~ae~~
~~ee~~|Search for 2 missing children at Ainsdale Beach.
Stood down en route.
~~ee~~
~~es~~|Quads
~~ee~~
~~ee~~
~~es~~|Stood
down
~~ee~~
~~ee~~|~~ee~~
~~ee~~|
|28/06/24
~~ae~~
~~ee~~|Search for a person walking out to sea at Southport
Beach. Found but assessed to be not in danger.
~~es~~|Quads
~~ee~~
~~es~~|Assisted
~~ee~~|1
~~ee~~|
|28/06/24
~~ae~~
~~ee~~
~~a~~|Search for a missing person at Ainsdale Beach.
Found by Police.
~~es~~
|Quads
~~ee~~
~~es~~
~~**ee**~~
|Stood
down
~~ee~~
~~**ee**~~
|~~ee~~
~~**ee**~~
|
|19/06/24
~~ee~~
~~a ee~~
~~a~~|Search for despondent male near Southport Pier.
Found by Police and brought to safety.
~~es ~~
~~ee~~
|Quads
~~es~~
~~ee~~
~~**ee**~~
|Stood
down
~~ee~~
~~**ee**~~
|~~ee~~
~~**ee**~~
|
|07/06/24
~~a ee~~|Search for a missing male along the Southport
Beach coastline. Found by Police inland
~~ee~~|Quads &
UAS
~~**ee** ~~
~~ee~~|Stood
down
~~**ee**~~
~~ee~~|~~**ee**~~
~~ee~~
~~ee~~|
|24/05/24
~~ee~~
~~a~~|Search for male reported to be in difficulty near
Southport Pier. Found and assessed as not in any
danger.
~~ee~~
|Quads
~~ee~~
|Assisted
~~ee~~
|1
~~ee~~
~~ee~~
~~**ee**~~
|
|18/05/24
~~ee~~
~~a~~|Search for 8 people in difficulty in the water at
Ainsdale Beach. All self-rescued but first aid given
and handed to NWAS
~~ee~~
|OLB &
Quads
~~ee~~
|Assisted
~~ee~~
|8
~~ee~~
~~ee~~~~**ee**~~
|
|05/05/24
~~a eee~~|Rescue of 4 people stranded on an island in the
Southport Marine Lake. Found and brought to
safety
~~eee~~|ILB & UAS
~~eee~~|Assisted
~~eee~~|4
~~**ee**~~
~~eee~~|
|29/04/24|Search for a missing elderly male at Southport
Beach. Found by Police inland.|OLB &
Quads|Stood
down||
|---|---|---|---|---|
|22/04/24|Search for despondent male north of Southport
Pier. Found and brought to safety|OLB &
Quads|Lives
saved|1|
|17/04/24|Search for a missing person at Southport. Found
by Police inland.|OLB &
Quads|Stood
down||
|05/04/24|Search for a missing person at Hightown. Found by
HMCG.|Quads &
UAS|Assisted|1|
## **Charity Shop**
As in previous years, the shop has continued to perform above expectations and continues to increase its income levels to support the overall fundraising activities of the Trust.
The Trust currently has 4 leases at the Charity Shop complex, 69c, 71 and 69b and 69a (Unit 1) Everton Road.
## **Southport Lifeboat Lottery**
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.
Our lottery canvassing company continue their normal door to door activities in signing up new members. However, due to the lasting effects of the cost of living crisis, there continues to be a reduction in existing members. This reduction has resulted in a slight decrease in the monthly income provided.
## **Donations and Bequests**
The number of fundraising activities both by ourselves and by our supporters, local organisations, clubs and societies returned during this reporting year has seen a marked increase in donations received. As mentioned previously, the talks and Open Days at our Lifeboat Station has proved to be a very successful income generator.
Unfortunately, our collection tins, continues to struggle with very little collected in these in all the various shops and public houses in our area.
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. The Trust have now received four annual donations, which have been used to help with the initial Lifeboat Station fitting-out and also the launch vehicle purchase and conversion.
During this reporting period, we were also bequeathed a sizeable legacy from the estate of the late Mrs Anita Bentley.
SQUTHPORT OFFSHORE RESCUE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Charity registration number 1146805
Company registration number 08011925 (England and Wales)
SOUTHPORT OFFSHORE RESCUE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr A S D'Arcy-Maslers
Mrs N D Goldup
MrA J Porter
Mr KA Porter
Mr N D Porter
Mr J Shawcfoft
MrAWTopping
Mrs K Wilson
Mrs E Almond
Mr J J Felice
Mr M D Parkas
Secretary
Mrs EAlmond
Charity number
1146805
Company number
08011925
Reglstered offlce
7-9 Station Road
Heskelh Bank
Preston
Lancashire
PR4 6SN
Independent examlner
Champion TLL Limited
7-9 Slalion Road
Hesketh Bank
Preslon
Lancashire
PR4 6SN
SOUTHPORT OFFSHORE RESCUE TRUST
CONTENTS
Page
Trustees reporl
Independent examinerfs report
Slalement of financial activities
Balance sheet
Notes to the financial slatemenls
9-17
SOUTHPORT OFFSHORE RESCUE TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial slalemenls for the year ended 31 March 2025.
The financial slalements have been prepared in accordance wilh the accounling policies set out in note 1 to the
financial slalements and comply with the Charitable CoMpanS governing document, the Companies Act 2006 and
"Accounling and Reporting by Charities.. Statement of Recommended Praclice applicable to charities preparing their
accounls in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS
102)" (effeclive 1 January 2019).
Objectives and actlvltles
The objects of the Charity are slated as follows, in the Governing Document=
Any charitable purpose for the public benefit for the Preservation and saving of life at sea and to equip, mainlain and
operate an offshore rescue service at Soulhport.
To carry oul beach, mud and marshland searches and rescues at Soulhport and the surrounding area bètween the
rivers Mersey and Ribble and lo assist in improving the standards of coastline safely there.
Publlc benefit
The Trustees have considered the Charity Commission guidance reg8rding publlc benefit and are satisfied Ihat the
aclivilies of the Charily, as described above. meet the necessary criteria.
Achlevements and performance
Search and Rescue Servlce
As in all previous years. we remained fully available for all emergency call-outs. wilh crew available for all
evenlualilies.
The Board of Truslee Oireclors would like lo take this opportunily to thank our Search and Rescue Crews for their
dedication and commitment during this period and in ensuring Ihal the service remained on 24 hour emergency call-
oul throughout Ihe year. We would also like lo exlend Ihese Ihanks lo our Charity Shop staff, who have kept the
shop fully staffed and stocked throughout this period, ensuring that Ihe much needed lunds were brought irs lo
maintain our service delivery.
SOUTHPORT OFFSHORE RESCUE TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Llfeboat Station
Since the opening of our new Lifeboat Station in January 2022. 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 811 under one roof.
Throughout this reporting period, the Trust have welcomed many of our Emergency Setvices colleagues lo our
Lifeboat Station during emergency callouts, as a central reporting base. We have also hosled a number of joint
emergency services meetings, which have proved invaluable for Ihe recognilion of Ihe services provided by our
organisalion.
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.
During this reporting period. the Trust have recognised that our main offshore lifeboat °Healher While" will need to
be replaced within the next few years. Allhough the lifeboat continues to provide excellent and reliable service, il is
taking more lime lo keep on lop of the required maintenance. The Trust have therefore commenced on a feasibilily
study on all the potential replacement craft that are currently in production Ihroughoul North Wesl Europe. The
study will include a list of minimum requirements in order to create a shortlist of suitable candidates. At the end of
the reporting period, this shorilisl had been completed and visils lo trial all Ihe various craft had also been
undertaken. It is the Trust's intention lo announce the successful manufacturer and sign the new-build contract In
Summer 2025.
In January 2024. we replaced our three ATV quads, which had come lo the end of their operalional service life wilh
us. They were very well maintained and were able to command a very good Irade-in value against Ihelr
replacements. The Trust decided to continue with the same make and model (CanAm Outlander) as previous due to
Ihèlr ability lo cope with our local lerrain. The ATV quads continue the service of providing an excellent search and
rescue (SAR) capability for the Trust. The quads have proven to be the workhorse of our organisalion, All three
quads are also equipped with an extra seat. This enables us to Iransport additional personnel to and from an
incident when required. We are also able to transport additional equipment if required, through the use of an ATV
trailer attached to one of the quads.
During the summer of 2024, the new and recenlly converted Challenger E85 launch vehicle was delivered from
H8bbeke Shipyard in Holland and was immedialely pul inlo service as our primary launch vehicle. Our other
Challenger E95 has been moved into a reserve function. The Trusl also has a third launch vehicle, a modified New
Holland TD5 Iraclor, which is primarily lo launch our smaller inshore lifeboat.
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 operalional area but also frequently to the vast marshland area to Ihe
north.
All our UAS operations are carried out with the specific permission given by Nalural England to fly within Sites of
Special Scientific Inleresl (SSSI).
Also a major benefit of our UAS assets is lo fly above areas where people are in danger of being cul off by the tide.
They are able to relay information to our ground and waterborne assets direcling them to Ihe safest passage to
safely.
After an intensive Iraining period during this reporling period. culminating in a final practical and theory based exam,
the Trust have increased their SAR UAS Pilot roster from 2 10 5. We currently operate 2 state of the art drones, bolh
with HD and thermal imagin9 cameras, following the retirement from service of our original assets that no longer
receive Ihe required sofiware support from the manufacturer.
SOUTHPORT OFFSHORE RESCUE TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Emergency Call-outs
Full details for the reporting period are detailed in an appendix at Ihe back of the accounts.
Charity Shop
As in previous years. the shop has continued to perform above expeclalions and continues to increase its income
levels lo support the overall fundraising activities of Ihe Trust.
The Trust currently has 4 leases al the Charily Shop complex, 69c. 71 and 69b and 69a (Unit 1) Everton Road.
Southport LSfeboat Lottery
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.
Our lollery canvassing company continue their normal door to door aclivilies in signing up new members. However,
due lo the lasting effects of the cosl of living crisis. there continues lo be a reduction in existing members. This
reduction has resulted in a slight decrease in Ihe monthly income provided.
Donatlons and Bequests
The number of fundraising activities both by ourselves and by our supporters. local OTganisalions, clubs and
societies returned during this reporting year has seen a marked increase in donalions received. As mentioned
previously, the talks and Opèn Days at our Lifeboat Slalion has proved to be a very successful income generator.
Unforlunately, our colleclion lins, continues to struggle wilh very little Collected in these in all the various shops and
public houses in our area.
We have benefitled from a number of significant legacies which have been bequealhed lo the Trust. Most namely
the Margarel Robertson Charitable Trust. which was formed shortly after Mrs Robertson's dealh in April 2020 10
help support three named charilies, of which we were named as one. This trust will PTovide upon application, funds
for specific projects on a year lo year basis for at least the next five lo ten years. The Trust have now received four
annual donations, which have been used to help wilh Ihe initial Lifeboal Station filting-oul and also Ihe launch
vehicle purchase and conversion.
Ouring this reporting period, we were also bequealhed a sizeable legacy from the eslale of Ihe late Mrs Anlta
Bentley.
SOUTHPORT OFFSHORE RESCUE TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Flnancial review
Reserves Policy
The Trustees aim lo maintain a level of reserves that would enable the Charity to continue and be financially viable
fora
period of twelve months, if income streams were to diminish., This equates lo approximately £150,000.
Due lo the drive to raise funds for the building of a new boathouse. cash and investment holdings at the year end
are well in excess of the above amounl. Much of Ihese reseNes will be spent in the medium term however, and
most of the balance is designated as fixed assels where monies have already been spent . The Trustees will
monitor this project closely to ensure sufficient reserves are retained upon completion.
Investment pollcy and obJectSves
The Trustees are responsible for the inveslmenl of any surplus funds of the Charity. As such funds may be requlred
for immediate use or use in Ihe near fulure, the Trustees conlinue lo review various interest bearing, instant access
and term deposit accounts in which to place such monies.
Rlsk management
The trustees have assessed the major risks to which the Charitable Company is exposed,
and are satisfied thal syslems are in place lo miligale exposure to the malor risks.
Structure, governance and management
The charily is controlled by ils Memorandum and Articles of Association and conslitules a limiled company, limited
by guaranlee, as defined by Ihe Companies Acl 2006.
The Iruslees, who are also the directors for the purpose of company law, and who served during the year and up to
the dale of signature of Ihe financial statements were..
Mr A S D'Arcy-Masters
Mrs N D Goldup
MrAJ Porter
Mr K A Porter
Mr N D Porter
Mr J Shawcroft
MrA WTopping
Mrs K Wilson
Mrs E Almond
Mr J J Felice
Mr M D Parkes
The Trustees for the year in question are detailed in the accompanying documents.
New Truslees can be appointed by a resolution of the existing Trustees.
Induction and tralnlng of new trustees
Training and induclion is provided verbally by exisling Trustees.
The trustees report was approved by the Board of Trustees.
MrA S D'Arcy-Mas
Trustee
Date: ...
SOUTHPORT OFFSHORE RESCUE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SOUTHPORT OFFSHORE RESCUE TRUST
report to the Ifuslees on my examination of the financial statements of Soulhport Offshore Rescue Trust (Ihe
Charitable Company) for the year ended 31 March 2025.
Responslbllltles and basis of report
As the Iruslees of the Charilable Company (and also its directors for the purposes of company law), you are
responsible for the preparation of the financial slalements in accordan wilh the fequiremenls of the Companies
Act 2006.
Having satisfied myself that the financial slalements of the Charitable Company are not required to be audited
under Part 16 of Ihe Companies Act 2006 and are eligible for independent examination. I report in respect of my
examination of the Charitable Company's financial slalemenls carried out under section 145 of the Charities Acl
2011. In carrying out my examination I have followed the Directions given by the Charily Commission under section
145(5)(b) of the Charities Act 2011.
Independent examlner's ststement
Since Ihe Charitable Company's gross income exceeded £250.0(K), the independent examiner must be a member
of a body listed in section 145 of the Charities Act 2011. I confirm thal l am qualified lo undertake the examination
because l am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection wlth the
examination giving me cause lo believe thal in any material respecl..
accounling records were not kept in Tespecl ol the Charitable Company as Tequired by section 386 of Ihe
Companies Act 2006.
th6 financial slalemenls do not accord wilh those recoids; or
the financial slalements do not comply with the accounling requirements of section 396 of the Companles Act
2006 olher than any requirement that the financial slatemenls give a true and fair view, which is not a matter
considered as part of an independent examination- or
the financial statements have nol been prepared in accordance wilh the melhods and principles of th6
Slalement of Recommended Practi for accounting and reporting by charities applicable lo charities
preparing their financial slatemenls in accordance with the Financial Reporting Standard applicable in Ihe UK
and Republic of Ireland (FRS 102).
I have no concerns and have come across no other mallers in conneclion with the examination lo which allenlion
should be drawn in Ihis report in order to enable a proper understanding of the financial slatements to be reached.
Champlon TLL Llmlted
P Buck FCA,DChA
7-9 Station Road
Heskelh Bank
Preston
Lancashire
PR4 6SN
Date..
SOUTHPORT OFFSHORE RESCUE TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current flnancial year
Unrestricted Designated
funds
funds
general
2025
Total
Total
2025
2025
2024
Notes
Income and endowments from:
Donations and legacies
Other trading activities
Investments
Other income
320,752
354,564
25,424
13.500
320.752
354,564
25,424
13,500
279,632
310,514
11,328
Total Income
714.240
714,240
601,474
enditure on..
Raising funds
42,501
42,501
32,623
Offshore rescue
141.516
130,095
271.611
208,152
Total expendlturè
184,017
130,095
314,112
240,775
Nél gainsl(losses) or) inveslmenls
13
(28)
(28)
Not Incomlng resources before transfers
530,195
(130,095)
400.100
360,699
Gloss transfers belween funds
(130.359)
130,359
Net income for the yearl
Net movement in funds
399.836
264
400.100
360,699
Fund balances at 1 April 2024
1.033,405 2,786,327
3,819,732
3,459,033
Fund balances at 31 March 2025
1,433.241
2.786.591
4,219,832 3.819,732
The statement of financial aclivities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in Ihe year. All income and expenditure
derive from conlinuing aclivilies.
The slalement of financial aclivities also complies with the requirements for an income and expenditure account
under the Companies AGt 2006.
SOUTHPORT OFFSHORE RESCUE TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Prlor flnanclal year
Unrestricted Designated
funds
funds
general
2024
Total
2024
2024
Notes
Income and endowments from:
Donations and legacie5
Other trading aclivilies
Investments
279,632
310,514
11,328
279,632
310,514
11,328
Total Income
601,474
601,474
Ex
endlture on:
Raising funds
32.623
32,623
Offshore rescue
89,681
118,471
208,152
Total èxpondlture
122.304
118.471
240,775
Nel gainsl(losses) on inveslmenls
13
Net Incomlng resources before transfers
479.170
(118.471)
360,699
Gross transfers belween funds
(217.569)
217,569
Net Income for the yearl
Not movement In funds
261.601
99,098
360,699
Fund balances at 1 April 2023
771,804
2,687,229 3.459,033
Fund balances at 31 March 2024
1.033,405
2,786,327
3,819,732
SOUTHPORT OFFSHORE RESCUE TRUST
BALANCE SHEET
AS AT31 MARCH 2025
2025
2024
Notes
Flxed assets
Tangible assets
15
2.536.591
2,536,327
Current assets
stocks
Debtors
Cash at bank and in hand
16
17
886
21,842
1,674,256
886
19,961
1.264,524
1,696,984
1,285,371
Credltors: amounts falllng due wlthln
one year
18
(13,743)
(1,966)
Net current assets
1,683,241
1,283,405
Total assets less current Ilabllltles
4,219.832
3,819,732
The funds of the Charltable Company
Unreslricled funds - general
Unreslricled funds - deslgnaled
20
19
1,433,241
2.786.591
1,033,405
2,786,327
4,219.832
3,819.732
The company is enlilled lo the exemption from the audit requiremenl contained In section 477 of the Companies Act
2006. for the year ended 31 March 2025.
The directors acknowledge Iheir responsibilities for complying with the requiremenls of the Companies Act 2006
wilh respect to accounling iecords and the preparalion of financial statements.
The mèmbers have nol required Ihe company to obtain an audit of ils financial statements for Ihe year In question in
accordance with section 476.
These financial slatemenls have been prepared in accordance wilh the provisions applicablo to companies subject
lo the small companies regime.
The financial statements were approved by the trustees on .
Mr A J Porter
Trustee
Company regislralion number 08011925 (England and Wales)
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcies
Charlty Information
Soulhport Offshore Rescue Trust is a private company limited by guarantee incoiporaled in England and
Wales. The registered office is 7-9 Station Road. Heskelh Bank. Preston, Lancashire, PR4 6SN.
1.1 Basis of preparatlon
The financial slalements have been prepared in accordance with the Charitable Company's governing
document, the Companies Acl 2006, FRS 102 "The Financial Reporting Slandard applicable in the UK and
Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Slalement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporling Slandard applicable in Ihe UK and Republic of Ireland {FRS 102)" The Charitable Company 15
Public Benefit Entity as defined by FRS 102.
The Charitable Company has taken advantage of the provlsions in the SORP for charities not to prepare a
slalement of cash flows.
The financial slalemenls are prepared in sterling. which is the funclional currency of the Charitable Company.
Monelary amounts in these financial stalemenls are rounded lo the nearest £.
The financlal statements have been prepared under the hislorical cost ttinvenlion The principal accounling
policies adopted are set out below.
1.2 Golng concern
Al the lime of approving the financial slalements. the trustees have a reasonable expec181ion Ihal the
Charitable Company has adequate resources to continue in operational existence for the foreseeable future.
Thus the trustees conlinue lo adopl the going concern basis of accounling in preparing Ihe financlal
slalemenls.
1.3 Charitable funds
Unreslficled funds are available for use al the discretion of the trustees in furthefance of Iheir Charilable
objeclives.
Reslricled funds are subject to specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of Ihe reslricled funds are sel out in the noles lo the financial statements.
1.4 Income
Income is recognised when Ihe Charilable Company is legally enlilled lo il after any performance condilions
have been met, the amounts can be measured reliably. and il is probable that income will be received.
Cash donations are recognised on rer£ipi. Olher donations are recognised once Ihe Charitable Company has
been notified of the donation, unless performance conditions require deferral of the 8mount. Income tax
recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of
Ihe donation.
Legacies are recognised on receipt or 01heIse if Ihe Charitable Company has been nolified of an impendlng
distribution, the amount is known, and receipt is expecled. If the amount is not known, the legacy is Ireated as
a conlingent asset.
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
(Continued)
1.5 Expendlture
Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit lo a
Ihird party, it is probable Ihal a transfer of eo)nomic benefils will be required in selllement. and the amount of
the obligation can be measured reliably.
Expendilure is classified by aclivity. The cosls of each aclivily are made up of Ihe total of direct costs and
shared costs, including support costs involved in undertaking each aclivily. Direct costs atlributable lo a single
activily are allocated directly to Ihat aclivity. Shared costs which conliibute to more than one activity and
support costs which are not allribulable to a single aclivily are apportioned belween those activilies on a basis
consistent with the use of resources. Central slaff costs are allocated on the basis of lime spent. and
deprecialion Gharges are allocated on the portion of the assel's use.
1.6 Tanglble flxed assets
Depreciation is recognised so as to write off the cost or valuation of assets less Iheir residual values over their
useful lives on the following bases:
Leasehold improvements
Life boals
Fixlures and fillings
Boathouse contents
Vehicles
2Yo
10%
10%
10%
10%
The gain or loss arising on the disposal of an asset is delermined as th8 difference belween the sale proceeds
and the carrying value of the asset. and is recognised in Ihe slalement of financial activities.
1,7 stocks
stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and
slow moving items.
Net realisable value is the estimated selling price less all estimated cosls of Completion and costs to bè
incurred in marketing, sellin9 and dislribulion.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, olher short-term liquid
Investments wilh original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in currenl liabilities.
1.9 Flnanclal Instruments
The Charitable Company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '01her Financial Inslruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in Ihe Charitable CoMpanS baSance sheet when the Charilable
Company becomes party lo Ihe contractual provisions of the inslrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial stalemenls, when
there is a legally enforceable right lo set off the recognised amounts and there is an intention lo settle on a net
basis or lo realise the asset and settle the liability simultaneously.
10-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policles
(Continued)
Basic financlal assets
Basic financial assets, which include debtors and cash and bank balances. are initially measured al
transaction price including transaction costs and are subsequently carried at amortised cost using the effeclive
interest method unless the arrangemenl conslilutes a financing Iransaclion, where the transaction is
measured al the present value of Ihe future receipts discounted at a market rale of interest. Financial assels
classified as receivable within one year are not amortised.
Baslc flnanclal Ilabillties
Basic financial liabililies, including creditors and bank loans are inilially recognised al transaction price unless
the arrangement conslilutes a financing Iransaclion. where the debt inslfument is measured at the presenl
value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable
wilhln one year are nol amortised.
Debt instruments are subsequently carried al amortised cost, uslng the effeclive interest rate method.
Trade creditors are obligalions to pay for goods or services that have been acquired in the ordinary course of
operalions from suppliers. Amounls payable are classified as currenl liabilities if payment is due wilhin one
year or less. If nol, they are presented as non-currenl liabilities. Trade creditors are recognised initially al
Iransaclion price and subsequenlly measured at amortised cost using the effective interest method.
D&r8cognltlon of flnanclal liabllitles
Financial liabililies are derecognised when the Charitable Company's conlraclual oblig81ions expire or are
discharged or cancelled.
Crltlcal a¢countlng estlmates and Judgements
In the applicalion of Ihe Charitable Company's accounling policies. the Iruslees are required lo make
ludgements, eslimales and assumptions aboul the carrying amount of assets and liabililies that are not readily
apparent from other sources. The eslimales and associated assumplions are based on historical experience
and other factors that are considered lo be relevanl. Adual results may differ from these eslimales.
The eslimales and underlying assumplions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the eslimale is revised where the revision affects only that
period, or In Ihe period of the revision and future periods where Ihe revision affecls both current and future
periods.
Donatlons and legacles
Unrestrlcted Unrestricted
fund$
funds
general
general
2025
2024
Donations and gifts
Legacies receivable
130,695
190,057
41,513
238,119
320,752
279.632
11
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from other tradlng activities
Unrestricted Unrestrlcted
funds
funds
2025
2024
Shop income
Sponsorships and social lotteries
295,149
59,415
248,108
62,406
Other trading activities
354,564
310,514
Income from Investments
Unrestrlcted Unrestricted
funds
fund8
2025
2024
Income from unlisled inveslmenls
Interest receivable
36
11,292
25,415
25,424
11,328
other Income
Unrestrlcted Unrestricted
funds
funds
2025
2024
Nel gain on disposal of langible fixed assets
13.500
Expendlture on raising funds
Unrestricted Unrestrlcted
funds
funds
2025
2024
Trading costs
Operaling charity shops
42,501
32,623
12-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expendlture on charitable actlvlties
Offshore
rescue
Offshore
rescue
2024
2025
Direct costs
Depreciation and impairment
Rates and water
Insurance
Light and heat
Telephone and pagers
Postage and slalionery
Sundry
Repairs and equipment
Fuel
Training
130.095
2,914
22.877
5,859
6,144
294
5,809
67,358
2,064
22,071
118,471
6,179
19,602
5,032
5,239
696
4,693
32,085
1.454
5,405
265,485
198,856
Share of support and governance Costs (see note 9)
Governance
6.126
9,296
271,611
208,152
Analysls by fund
Unreslricled funds - general
Unrestricled funds - designated
141,516
130.095
89.681
118,471
271,611
208,152
Support costs
Support Governance
costs
costs
2025Support costs Governance
cosls
2024
Accountancy fees
Legal and professional
1,260
4.866
1,260
4,866
1,260
8.036
1,260
8,036
6.126
6.126
9,296
9.296
Analysed between
Charilable aclivilies
6.126
6.126
9,296
9,296
13-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Net movement in funds
2025
2024
The net movement in funds is slated aftor chargingl(crediting)'.
Fees payable for the independent examination of Ihe charItS financial
statements
Depreciation of owned tangible fixed assels
Profit on disposal of langible fixed assels
1,260
130,095
(13,500)
1,260
118,471
11 Trustees
None of the Irustees (or any persons connected wilh them) received any remuneralion or benefils from the
Charitable Company during Ihe year.
There were no employees whose annual remuneralion was more than £60.000.
13 Galns and 1088e8 on Investments
Unre8trl¢ted Unrestricted
funds
funds
2025
2024
Gainsl(losses) arising on..
Sale of inveslments
(28)
14 Taxatlon
The charity is exempt from laxalion on ils aclivilies because all its income is applied for charilable purposes.
14-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Tangible flxed assets
Le•$ohold
Improvomonts
Llfe boats Flxeures and
flttlngs
Boathtsus&
contontB
Vehlcles
Total
Cost
At 1 April 2024
Addilions
2,214,686
477,611
73.489
16.566
4.000
85.392
33.370
388,770 3,183,025
19.500
130.359
At 31 March 2025
2.214,686
551.100
20,566
118,762
408,270 3.313.384
Depreciation and
Impairment
Al 1 April 2024
Depreciation charged in Ihe
year
44,000
280.266
13.622
64.522
244,288
646,698
44,000
40.778
1.057
6,488
37.772
130.095
At 31 March 2025
88,000
321.044
14,679
71,010
282,060
776,793
Carrylng amount
Al 31 March 2025
2,126.686
230,056
5.887
47.752
126,210 2,536,591
At 31 March 2024
2,170,686
197.345
2.944
20.870
144,482 2,536,327
16 Stocks
2025
2024
Raw materials and consumables
886
886
17 Debtors
2025
2024
Amounts falllng duo wlthln one year:
Olher debtOTS
21,842
19,961
18 Credltors: amounts falllng due wlthln one year
2025
2024
Trade creditors
Accruals and deferred income
12,483
1,260
456
1,510
13,743
1,966
15-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Unrestricted funds- designated
These are unrestricted funds which are material lo Ihe Charitable Company's aclivities.
At 1 Aprll
2024
Resources
oxpended
Transfers At 31 March
2025
Design8led - existing fixed assels
Designated - equipment
2,536,327
250,000
(130,095)
130.359
2,536,591
250,000
2.786,327
(130,095)
130,359
2,786,591
Prèvlous year:
At 1 Aprll
2023
Resources
expended
Transfer8 At 31 March
2024
Deslgnaled - existing fixed assets
Dè51gnaled - equipment
2,437,229
250,000
(118.471)
217,569
2,536,327
250,000
2.687,229
(118,471)
217.569
2,786,327
20 Unrestrlctèd funds
The unrestricted funds of the charily comprise Ihe unexpended balances of donations and grants which are
not subject lo specific condilions by donors and grantors as to how Ihey may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2024
Incomlng
resource8
Resource8
expended
Transfers
Galns and At 31 March
losses
2025
General funds
1.033,405
714.240
(184,017)
(130,359)
(281
1,433.241
Prèvlous year:
At 1 Aprll
2023
Incomlng
resources
Resources
expended
Transfers
Galns and At 31 March
105ses
2024
Unrestricted
771,804
601.474
{122.304)
(217,569)
1,033,405
771.804
601.474
(122.304)
{217,569)
1,033,405
16-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Unrestricted funds
{Continued)
Transfers between funds and fund balances
The transfer from the general fund recognises the movemenl in designated balances noted below.
The fixed assels designated fund represents monles already spent on fixed assels and equipment which are
shown on the balance sheet but don'l reflect liquid resources.
The equipmenl replacement designaled fund represenls the necessity to upgrade and replace equipment and
vehicles to keep up with required standards and codes of conduct
21 Analysis of net as8èt8 between funds
Unrestrlcted Unre8trlcted
funds
funds
general deslgnated
2025
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsl{liabililies)
2,536,591
250,000
2,536,591
1,683,241
1.433,241
1.433,241
2,786,591
4,219,832
Unrestricted Unrestrlctèd
funds
funds
general deslgnated
2024
2024
Total
2024
At 31 March 2024:
Tangible assels
Current asselsl(liabililies)
2,536.327
250,000
2.536,327
1,283.405
1.033.405
1,033.405
2,786,327
3,819,732
22 Related party transactions
There were no disclosable related party transaclions during the year (2024- none).
17-
SQUTHPORT OFFSHORE RESCUE TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Charity registration number 1146805
Company registration number 08011925 (England and Wales)
SOUTHPORT OFFSHORE RESCUE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr A S D'Arcy-Maslers
Mrs N D Goldup
MrA J Porter
Mr KA Porter
Mr N D Porter
Mr J Shawcfoft
MrAWTopping
Mrs K Wilson
Mrs E Almond
Mr J J Felice
Mr M D Parkas
Secretary
Mrs EAlmond
Charity number
1146805
Company number
08011925
Reglstered offlce
7-9 Station Road
Heskelh Bank
Preston
Lancashire
PR4 6SN
Independent examlner
Champion TLL Limited
7-9 Slalion Road
Hesketh Bank
Preslon
Lancashire
PR4 6SN
SOUTHPORT OFFSHORE RESCUE TRUST
CONTENTS
Page
Trustees reporl
Independent examinerfs report
Slalement of financial activities
Balance sheet
Notes to the financial slatemenls
9-17
SOUTHPORT OFFSHORE RESCUE TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial slalemenls for the year ended 31 March 2025.
The financial slalements have been prepared in accordance wilh the accounling policies set out in note 1 to the
financial slalements and comply with the Charitable CoMpanS governing document, the Companies Act 2006 and
"Accounling and Reporting by Charities.. Statement of Recommended Praclice applicable to charities preparing their
accounls in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS
102)" (effeclive 1 January 2019).
Objectives and actlvltles
The objects of the Charity are slated as follows, in the Governing Document=
Any charitable purpose for the public benefit for the Preservation and saving of life at sea and to equip, mainlain and
operate an offshore rescue service at Soulhport.
To carry oul beach, mud and marshland searches and rescues at Soulhport and the surrounding area bètween the
rivers Mersey and Ribble and lo assist in improving the standards of coastline safely there.
Publlc benefit
The Trustees have considered the Charity Commission guidance reg8rding publlc benefit and are satisfied Ihat the
aclivilies of the Charily, as described above. meet the necessary criteria.
Achlevements and performance
Search and Rescue Servlce
As in all previous years. we remained fully available for all emergency call-outs. wilh crew available for all
evenlualilies.
The Board of Truslee Oireclors would like lo take this opportunily to thank our Search and Rescue Crews for their
dedication and commitment during this period and in ensuring Ihal the service remained on 24 hour emergency call-
oul throughout Ihe year. We would also like lo exlend Ihese Ihanks lo our Charity Shop staff, who have kept the
shop fully staffed and stocked throughout this period, ensuring that Ihe much needed lunds were brought irs lo
maintain our service delivery.
SOUTHPORT OFFSHORE RESCUE TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Llfeboat Station
Since the opening of our new Lifeboat Station in January 2022. 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 811 under one roof.
Throughout this reporting period, the Trust have welcomed many of our Emergency Setvices colleagues lo our
Lifeboat Station during emergency callouts, as a central reporting base. We have also hosled a number of joint
emergency services meetings, which have proved invaluable for Ihe recognilion of Ihe services provided by our
organisalion.
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.
During this reporting period. the Trust have recognised that our main offshore lifeboat °Healher While" will need to
be replaced within the next few years. Allhough the lifeboat continues to provide excellent and reliable service, il is
taking more lime lo keep on lop of the required maintenance. The Trust have therefore commenced on a feasibilily
study on all the potential replacement craft that are currently in production Ihroughoul North Wesl Europe. The
study will include a list of minimum requirements in order to create a shortlist of suitable candidates. At the end of
the reporting period, this shorilisl had been completed and visils lo trial all Ihe various craft had also been
undertaken. It is the Trust's intention lo announce the successful manufacturer and sign the new-build contract In
Summer 2025.
In January 2024. we replaced our three ATV quads, which had come lo the end of their operalional service life wilh
us. They were very well maintained and were able to command a very good Irade-in value against Ihelr
replacements. The Trust decided to continue with the same make and model (CanAm Outlander) as previous due to
Ihèlr ability lo cope with our local lerrain. The ATV quads continue the service of providing an excellent search and
rescue (SAR) capability for the Trust. The quads have proven to be the workhorse of our organisalion, All three
quads are also equipped with an extra seat. This enables us to Iransport additional personnel to and from an
incident when required. We are also able to transport additional equipment if required, through the use of an ATV
trailer attached to one of the quads.
During the summer of 2024, the new and recenlly converted Challenger E85 launch vehicle was delivered from
H8bbeke Shipyard in Holland and was immedialely pul inlo service as our primary launch vehicle. Our other
Challenger E95 has been moved into a reserve function. The Trusl also has a third launch vehicle, a modified New
Holland TD5 Iraclor, which is primarily lo launch our smaller inshore lifeboat.
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 operalional area but also frequently to the vast marshland area to Ihe
north.
All our UAS operations are carried out with the specific permission given by Nalural England to fly within Sites of
Special Scientific Inleresl (SSSI).
Also a major benefit of our UAS assets is lo fly above areas where people are in danger of being cul off by the tide.
They are able to relay information to our ground and waterborne assets direcling them to Ihe safest passage to
safely.
After an intensive Iraining period during this reporling period. culminating in a final practical and theory based exam,
the Trust have increased their SAR UAS Pilot roster from 2 10 5. We currently operate 2 state of the art drones, bolh
with HD and thermal imagin9 cameras, following the retirement from service of our original assets that no longer
receive Ihe required sofiware support from the manufacturer.
SOUTHPORT OFFSHORE RESCUE TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Emergency Call-outs
Full details for the reporting period are detailed in an appendix at Ihe back of the accounts.
Charity Shop
As in previous years. the shop has continued to perform above expeclalions and continues to increase its income
levels lo support the overall fundraising activities of Ihe Trust.
The Trust currently has 4 leases al the Charily Shop complex, 69c. 71 and 69b and 69a (Unit 1) Everton Road.
Southport LSfeboat Lottery
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.
Our lollery canvassing company continue their normal door to door aclivilies in signing up new members. However,
due lo the lasting effects of the cosl of living crisis. there continues lo be a reduction in existing members. This
reduction has resulted in a slight decrease in Ihe monthly income provided.
Donatlons and Bequests
The number of fundraising activities both by ourselves and by our supporters. local OTganisalions, clubs and
societies returned during this reporting year has seen a marked increase in donalions received. As mentioned
previously, the talks and Opèn Days at our Lifeboat Slalion has proved to be a very successful income generator.
Unforlunately, our colleclion lins, continues to struggle wilh very little Collected in these in all the various shops and
public houses in our area.
We have benefitled from a number of significant legacies which have been bequealhed lo the Trust. Most namely
the Margarel Robertson Charitable Trust. which was formed shortly after Mrs Robertson's dealh in April 2020 10
help support three named charilies, of which we were named as one. This trust will PTovide upon application, funds
for specific projects on a year lo year basis for at least the next five lo ten years. The Trust have now received four
annual donations, which have been used to help wilh Ihe initial Lifeboal Station filting-oul and also Ihe launch
vehicle purchase and conversion.
Ouring this reporting period, we were also bequealhed a sizeable legacy from the eslale of Ihe late Mrs Anlta
Bentley.
SOUTHPORT OFFSHORE RESCUE TRUST
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Flnancial review
Reserves Policy
The Trustees aim lo maintain a level of reserves that would enable the Charity to continue and be financially viable
fora
period of twelve months, if income streams were to diminish., This equates lo approximately £150,000.
Due lo the drive to raise funds for the building of a new boathouse. cash and investment holdings at the year end
are well in excess of the above amounl. Much of Ihese reseNes will be spent in the medium term however, and
most of the balance is designated as fixed assels where monies have already been spent . The Trustees will
monitor this project closely to ensure sufficient reserves are retained upon completion.
Investment pollcy and obJectSves
The Trustees are responsible for the inveslmenl of any surplus funds of the Charity. As such funds may be requlred
for immediate use or use in Ihe near fulure, the Trustees conlinue lo review various interest bearing, instant access
and term deposit accounts in which to place such monies.
Rlsk management
The trustees have assessed the major risks to which the Charitable Company is exposed,
and are satisfied thal syslems are in place lo miligale exposure to the malor risks.
Structure, governance and management
The charily is controlled by ils Memorandum and Articles of Association and conslitules a limiled company, limited
by guaranlee, as defined by Ihe Companies Acl 2006.
The Iruslees, who are also the directors for the purpose of company law, and who served during the year and up to
the dale of signature of Ihe financial statements were..
Mr A S D'Arcy-Masters
Mrs N D Goldup
MrAJ Porter
Mr K A Porter
Mr N D Porter
Mr J Shawcroft
MrA WTopping
Mrs K Wilson
Mrs E Almond
Mr J J Felice
Mr M D Parkes
The Trustees for the year in question are detailed in the accompanying documents.
New Truslees can be appointed by a resolution of the existing Trustees.
Induction and tralnlng of new trustees
Training and induclion is provided verbally by exisling Trustees.
The trustees report was approved by the Board of Trustees.
MrA S D'Arcy-Mas
Trustee
Date: ...
SOUTHPORT OFFSHORE RESCUE TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SOUTHPORT OFFSHORE RESCUE TRUST
report to the Ifuslees on my examination of the financial statements of Soulhport Offshore Rescue Trust (Ihe
Charitable Company) for the year ended 31 March 2025.
Responslbllltles and basis of report
As the Iruslees of the Charilable Company (and also its directors for the purposes of company law), you are
responsible for the preparation of the financial slalements in accordan wilh the fequiremenls of the Companies
Act 2006.
Having satisfied myself that the financial slalements of the Charitable Company are not required to be audited
under Part 16 of Ihe Companies Act 2006 and are eligible for independent examination. I report in respect of my
examination of the Charitable Company's financial slalemenls carried out under section 145 of the Charities Acl
2011. In carrying out my examination I have followed the Directions given by the Charily Commission under section
145(5)(b) of the Charities Act 2011.
Independent examlner's ststement
Since Ihe Charitable Company's gross income exceeded £250.0(K), the independent examiner must be a member
of a body listed in section 145 of the Charities Act 2011. I confirm thal l am qualified lo undertake the examination
because l am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection wlth the
examination giving me cause lo believe thal in any material respecl..
accounling records were not kept in Tespecl ol the Charitable Company as Tequired by section 386 of Ihe
Companies Act 2006.
th6 financial slalemenls do not accord wilh those recoids; or
the financial slalements do not comply with the accounling requirements of section 396 of the Companles Act
2006 olher than any requirement that the financial slatemenls give a true and fair view, which is not a matter
considered as part of an independent examination- or
the financial statements have nol been prepared in accordance wilh the melhods and principles of th6
Slalement of Recommended Practi for accounting and reporting by charities applicable lo charities
preparing their financial slatemenls in accordance with the Financial Reporting Standard applicable in Ihe UK
and Republic of Ireland (FRS 102).
I have no concerns and have come across no other mallers in conneclion with the examination lo which allenlion
should be drawn in Ihis report in order to enable a proper understanding of the financial slatements to be reached.
Champlon TLL Llmlted
P Buck FCA,DChA
7-9 Station Road
Heskelh Bank
Preston
Lancashire
PR4 6SN
Date..
SOUTHPORT OFFSHORE RESCUE TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current flnancial year
Unrestricted Designated
funds
funds
general
2025
Total
Total
2025
2025
2024
Notes
Income and endowments from:
Donations and legacies
Other trading activities
Investments
Other income
320,752
354,564
25,424
13.500
320.752
354,564
25,424
13,500
279,632
310,514
11,328
Total Income
714.240
714,240
601,474
enditure on..
Raising funds
42,501
42,501
32,623
Offshore rescue
141.516
130,095
271.611
208,152
Total expendlturè
184,017
130,095
314,112
240,775
Nél gainsl(losses) or) inveslmenls
13
(28)
(28)
Not Incomlng resources before transfers
530,195
(130,095)
400.100
360,699
Gloss transfers belween funds
(130.359)
130,359
Net income for the yearl
Net movement in funds
399.836
264
400.100
360,699
Fund balances at 1 April 2024
1.033,405 2,786,327
3,819,732
3,459,033
Fund balances at 31 March 2025
1,433.241
2.786.591
4,219,832 3.819,732
The statement of financial aclivities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in Ihe year. All income and expenditure
derive from conlinuing aclivilies.
The slalement of financial aclivities also complies with the requirements for an income and expenditure account
under the Companies AGt 2006.
SOUTHPORT OFFSHORE RESCUE TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Prlor flnanclal year
Unrestricted Designated
funds
funds
general
2024
Total
2024
2024
Notes
Income and endowments from:
Donations and legacie5
Other trading aclivilies
Investments
279,632
310,514
11,328
279,632
310,514
11,328
Total Income
601,474
601,474
Ex
endlture on:
Raising funds
32.623
32,623
Offshore rescue
89,681
118,471
208,152
Total èxpondlture
122.304
118.471
240,775
Nel gainsl(losses) on inveslmenls
13
Net Incomlng resources before transfers
479.170
(118.471)
360,699
Gross transfers belween funds
(217.569)
217,569
Net Income for the yearl
Not movement In funds
261.601
99,098
360,699
Fund balances at 1 April 2023
771,804
2,687,229 3.459,033
Fund balances at 31 March 2024
1.033,405
2,786,327
3,819,732
SOUTHPORT OFFSHORE RESCUE TRUST
BALANCE SHEET
AS AT31 MARCH 2025
2025
2024
Notes
Flxed assets
Tangible assets
15
2.536.591
2,536,327
Current assets
stocks
Debtors
Cash at bank and in hand
16
17
886
21,842
1,674,256
886
19,961
1.264,524
1,696,984
1,285,371
Credltors: amounts falllng due wlthln
one year
18
(13,743)
(1,966)
Net current assets
1,683,241
1,283,405
Total assets less current Ilabllltles
4,219.832
3,819,732
The funds of the Charltable Company
Unreslricled funds - general
Unreslricled funds - deslgnaled
20
19
1,433,241
2.786.591
1,033,405
2,786,327
4,219.832
3,819.732
The company is enlilled lo the exemption from the audit requiremenl contained In section 477 of the Companies Act
2006. for the year ended 31 March 2025.
The directors acknowledge Iheir responsibilities for complying with the requiremenls of the Companies Act 2006
wilh respect to accounling iecords and the preparalion of financial statements.
The mèmbers have nol required Ihe company to obtain an audit of ils financial statements for Ihe year In question in
accordance with section 476.
These financial slatemenls have been prepared in accordance wilh the provisions applicablo to companies subject
lo the small companies regime.
The financial statements were approved by the trustees on .
Mr A J Porter
Trustee
Company regislralion number 08011925 (England and Wales)
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcies
Charlty Information
Soulhport Offshore Rescue Trust is a private company limited by guarantee incoiporaled in England and
Wales. The registered office is 7-9 Station Road. Heskelh Bank. Preston, Lancashire, PR4 6SN.
1.1 Basis of preparatlon
The financial slalements have been prepared in accordance with the Charitable Company's governing
document, the Companies Acl 2006, FRS 102 "The Financial Reporting Slandard applicable in the UK and
Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Slalement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporling Slandard applicable in Ihe UK and Republic of Ireland {FRS 102)" The Charitable Company 15
Public Benefit Entity as defined by FRS 102.
The Charitable Company has taken advantage of the provlsions in the SORP for charities not to prepare a
slalement of cash flows.
The financial slalemenls are prepared in sterling. which is the funclional currency of the Charitable Company.
Monelary amounts in these financial stalemenls are rounded lo the nearest £.
The financlal statements have been prepared under the hislorical cost ttinvenlion The principal accounling
policies adopted are set out below.
1.2 Golng concern
Al the lime of approving the financial slalements. the trustees have a reasonable expec181ion Ihal the
Charitable Company has adequate resources to continue in operational existence for the foreseeable future.
Thus the trustees conlinue lo adopl the going concern basis of accounling in preparing Ihe financlal
slalemenls.
1.3 Charitable funds
Unreslficled funds are available for use al the discretion of the trustees in furthefance of Iheir Charilable
objeclives.
Reslricled funds are subject to specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of Ihe reslricled funds are sel out in the noles lo the financial statements.
1.4 Income
Income is recognised when Ihe Charilable Company is legally enlilled lo il after any performance condilions
have been met, the amounts can be measured reliably. and il is probable that income will be received.
Cash donations are recognised on rer£ipi. Olher donations are recognised once Ihe Charitable Company has
been notified of the donation, unless performance conditions require deferral of the 8mount. Income tax
recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the lime of
Ihe donation.
Legacies are recognised on receipt or 01heIse if Ihe Charitable Company has been nolified of an impendlng
distribution, the amount is known, and receipt is expecled. If the amount is not known, the legacy is Ireated as
a conlingent asset.
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
(Continued)
1.5 Expendlture
Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit lo a
Ihird party, it is probable Ihal a transfer of eo)nomic benefils will be required in selllement. and the amount of
the obligation can be measured reliably.
Expendilure is classified by aclivity. The cosls of each aclivily are made up of Ihe total of direct costs and
shared costs, including support costs involved in undertaking each aclivily. Direct costs atlributable lo a single
activily are allocated directly to Ihat aclivity. Shared costs which conliibute to more than one activity and
support costs which are not allribulable to a single aclivily are apportioned belween those activilies on a basis
consistent with the use of resources. Central slaff costs are allocated on the basis of lime spent. and
deprecialion Gharges are allocated on the portion of the assel's use.
1.6 Tanglble flxed assets
Depreciation is recognised so as to write off the cost or valuation of assets less Iheir residual values over their
useful lives on the following bases:
Leasehold improvements
Life boals
Fixlures and fillings
Boathouse contents
Vehicles
2Yo
10%
10%
10%
10%
The gain or loss arising on the disposal of an asset is delermined as th8 difference belween the sale proceeds
and the carrying value of the asset. and is recognised in Ihe slalement of financial activities.
1,7 stocks
stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and
slow moving items.
Net realisable value is the estimated selling price less all estimated cosls of Completion and costs to bè
incurred in marketing, sellin9 and dislribulion.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, olher short-term liquid
Investments wilh original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown
within borrowings in currenl liabilities.
1.9 Flnanclal Instruments
The Charitable Company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '01her Financial Inslruments Issues, of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in Ihe Charitable CoMpanS baSance sheet when the Charilable
Company becomes party lo Ihe contractual provisions of the inslrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial stalemenls, when
there is a legally enforceable right lo set off the recognised amounts and there is an intention lo settle on a net
basis or lo realise the asset and settle the liability simultaneously.
10-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policles
(Continued)
Basic financlal assets
Basic financial assets, which include debtors and cash and bank balances. are initially measured al
transaction price including transaction costs and are subsequently carried at amortised cost using the effeclive
interest method unless the arrangemenl conslilutes a financing Iransaclion, where the transaction is
measured al the present value of Ihe future receipts discounted at a market rale of interest. Financial assels
classified as receivable within one year are not amortised.
Baslc flnanclal Ilabillties
Basic financial liabililies, including creditors and bank loans are inilially recognised al transaction price unless
the arrangement conslilutes a financing Iransaclion. where the debt inslfument is measured at the presenl
value of the future payments discounted at a market rale of interest. Financial liabilities classified as payable
wilhln one year are nol amortised.
Debt instruments are subsequently carried al amortised cost, uslng the effeclive interest rate method.
Trade creditors are obligalions to pay for goods or services that have been acquired in the ordinary course of
operalions from suppliers. Amounls payable are classified as currenl liabilities if payment is due wilhin one
year or less. If nol, they are presented as non-currenl liabilities. Trade creditors are recognised initially al
Iransaclion price and subsequenlly measured at amortised cost using the effective interest method.
D&r8cognltlon of flnanclal liabllitles
Financial liabililies are derecognised when the Charitable Company's conlraclual oblig81ions expire or are
discharged or cancelled.
Crltlcal a¢countlng estlmates and Judgements
In the applicalion of Ihe Charitable Company's accounling policies. the Iruslees are required lo make
ludgements, eslimales and assumptions aboul the carrying amount of assets and liabililies that are not readily
apparent from other sources. The eslimales and associated assumplions are based on historical experience
and other factors that are considered lo be relevanl. Adual results may differ from these eslimales.
The eslimales and underlying assumplions are reviewed on an ongoing basis. Revisions to accounting
eslimales are recognised in the period in which the eslimale is revised where the revision affects only that
period, or In Ihe period of the revision and future periods where Ihe revision affecls both current and future
periods.
Donatlons and legacles
Unrestrlcted Unrestricted
fund$
funds
general
general
2025
2024
Donations and gifts
Legacies receivable
130,695
190,057
41,513
238,119
320,752
279.632
11
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from other tradlng activities
Unrestricted Unrestrlcted
funds
funds
2025
2024
Shop income
Sponsorships and social lotteries
295,149
59,415
248,108
62,406
Other trading activities
354,564
310,514
Income from Investments
Unrestrlcted Unrestricted
funds
fund8
2025
2024
Income from unlisled inveslmenls
Interest receivable
36
11,292
25,415
25,424
11,328
other Income
Unrestrlcted Unrestricted
funds
funds
2025
2024
Nel gain on disposal of langible fixed assets
13.500
Expendlture on raising funds
Unrestricted Unrestrlcted
funds
funds
2025
2024
Trading costs
Operaling charity shops
42,501
32,623
12-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Expendlture on charitable actlvlties
Offshore
rescue
Offshore
rescue
2024
2025
Direct costs
Depreciation and impairment
Rates and water
Insurance
Light and heat
Telephone and pagers
Postage and slalionery
Sundry
Repairs and equipment
Fuel
Training
130.095
2,914
22.877
5,859
6,144
294
5,809
67,358
2,064
22,071
118,471
6,179
19,602
5,032
5,239
696
4,693
32,085
1.454
5,405
265,485
198,856
Share of support and governance Costs (see note 9)
Governance
6.126
9,296
271,611
208,152
Analysls by fund
Unreslricled funds - general
Unrestricled funds - designated
141,516
130.095
89.681
118,471
271,611
208,152
Support costs
Support Governance
costs
costs
2025Support costs Governance
cosls
2024
Accountancy fees
Legal and professional
1,260
4.866
1,260
4,866
1,260
8.036
1,260
8,036
6.126
6.126
9,296
9.296
Analysed between
Charilable aclivilies
6.126
6.126
9,296
9,296
13-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Net movement in funds
2025
2024
The net movement in funds is slated aftor chargingl(crediting)'.
Fees payable for the independent examination of Ihe charItS financial
statements
Depreciation of owned tangible fixed assels
Profit on disposal of langible fixed assels
1,260
130,095
(13,500)
1,260
118,471
11 Trustees
None of the Irustees (or any persons connected wilh them) received any remuneralion or benefils from the
Charitable Company during Ihe year.
There were no employees whose annual remuneralion was more than £60.000.
13 Galns and 1088e8 on Investments
Unre8trl¢ted Unrestricted
funds
funds
2025
2024
Gainsl(losses) arising on..
Sale of inveslments
(28)
14 Taxatlon
The charity is exempt from laxalion on ils aclivilies because all its income is applied for charilable purposes.
14-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
15 Tangible flxed assets
Le•$ohold
Improvomonts
Llfe boats Flxeures and
flttlngs
Boathtsus&
contontB
Vehlcles
Total
Cost
At 1 April 2024
Addilions
2,214,686
477,611
73.489
16.566
4.000
85.392
33.370
388,770 3,183,025
19.500
130.359
At 31 March 2025
2.214,686
551.100
20,566
118,762
408,270 3.313.384
Depreciation and
Impairment
Al 1 April 2024
Depreciation charged in Ihe
year
44,000
280.266
13.622
64.522
244,288
646,698
44,000
40.778
1.057
6,488
37.772
130.095
At 31 March 2025
88,000
321.044
14,679
71,010
282,060
776,793
Carrylng amount
Al 31 March 2025
2,126.686
230,056
5.887
47.752
126,210 2,536,591
At 31 March 2024
2,170,686
197.345
2.944
20.870
144,482 2,536,327
16 Stocks
2025
2024
Raw materials and consumables
886
886
17 Debtors
2025
2024
Amounts falllng duo wlthln one year:
Olher debtOTS
21,842
19,961
18 Credltors: amounts falllng due wlthln one year
2025
2024
Trade creditors
Accruals and deferred income
12,483
1,260
456
1,510
13,743
1,966
15-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19 Unrestricted funds- designated
These are unrestricted funds which are material lo Ihe Charitable Company's aclivities.
At 1 Aprll
2024
Resources
oxpended
Transfers At 31 March
2025
Design8led - existing fixed assels
Designated - equipment
2,536,327
250,000
(130,095)
130.359
2,536,591
250,000
2.786,327
(130,095)
130,359
2,786,591
Prèvlous year:
At 1 Aprll
2023
Resources
expended
Transfer8 At 31 March
2024
Deslgnaled - existing fixed assets
Dè51gnaled - equipment
2,437,229
250,000
(118.471)
217,569
2,536,327
250,000
2.687,229
(118,471)
217.569
2,786,327
20 Unrestrlctèd funds
The unrestricted funds of the charily comprise Ihe unexpended balances of donations and grants which are
not subject lo specific condilions by donors and grantors as to how Ihey may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 April
2024
Incomlng
resource8
Resource8
expended
Transfers
Galns and At 31 March
losses
2025
General funds
1.033,405
714.240
(184,017)
(130,359)
(281
1,433.241
Prèvlous year:
At 1 Aprll
2023
Incomlng
resources
Resources
expended
Transfers
Galns and At 31 March
105ses
2024
Unrestricted
771,804
601.474
{122.304)
(217,569)
1,033,405
771.804
601.474
(122.304)
{217,569)
1,033,405
16-
SOUTHPORT OFFSHORE RESCUE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Unrestricted funds
{Continued)
Transfers between funds and fund balances
The transfer from the general fund recognises the movemenl in designated balances noted below.
The fixed assels designated fund represents monles already spent on fixed assels and equipment which are
shown on the balance sheet but don'l reflect liquid resources.
The equipmenl replacement designaled fund represenls the necessity to upgrade and replace equipment and
vehicles to keep up with required standards and codes of conduct
21 Analysis of net as8èt8 between funds
Unrestrlcted Unre8trlcted
funds
funds
general deslgnated
2025
2025
Total
2025
At 31 March 2025:
Tangible assets
Current assetsl{liabililies)
2,536,591
250,000
2,536,591
1,683,241
1.433,241
1.433,241
2,786,591
4,219,832
Unrestricted Unrestrlctèd
funds
funds
general deslgnated
2024
2024
Total
2024
At 31 March 2024:
Tangible assels
Current asselsl(liabililies)
2,536.327
250,000
2.536,327
1,283.405
1.033.405
1,033.405
2,786,327
3,819,732
22 Related party transactions
There were no disclosable related party transaclions during the year (2024- none).
17-