WUKSART LIMITED COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR 31 JULY 2021 CompAny Re8istrAtion Number 08158395 Charity Number IIS2138 DERBY COMMUNITY ACCOUNTANCY SERVICE Babington Lodge 128 Green Lane Derby DEI IRY
WUKSART LIMITED COMPANY LIMITED BY GUARAIYTEE FllYANCIAL STATEMEwrs YEAR ENDED 31 JULY 2021 Contents Page Members of the tK)ard and professional advisers Trustees, annual rep)rt Indepcndent Examiner's Report Ststement of fin8neial activities Balance sheet Notss to the financial statements 8-17
WUKSART LIMrrED COMPANY LIMITED BY GUARANTEE REFERENCE AND ADmsTRATIvE DETAILS The board of trustees Nigel Cobb John Faulwnbridge Registered offlee Redhill Marina Ratcliffe-on-soar Nottingham NGI I OEB Independent Examiner Mark Newey ACMA Derby Community Accountancy Service Babin8ton Lodge 128 Green Lane tkrby DEI IRY
WUKSART LIMrrED COMPANY LIMITED BY GUARANTEE TRUSTEES. ANNUAL REPORT YEAR ENDED 31 JULY 2021 The trnstces, who are also Dir¢¢tors for the purFx)ses of the Companies Ac( havc pleasure in presenting their TCFX)rt and th¢ unaudited financial &atements of the charity for the year ended 31 July 2021. ORJECTI ACTI TI The cornpany's objects and principal tivitieS remain: l. To relieve suffering and distress amon8St Frrsons endangered by flooding or n84tural ha72rds by the provision and maintenance of a trained rescue team to operate pr¢dominantly throughout th¢ East Midlands and the United Kingdom or t operate worldwide if requested. 2. To promote Cowoperation and relationships with other search and rescue teams, police forces. fire authorities, ambulance trusts and any oth¢r interested parties with similar obj¢ctive to those of th¢ charity within operntional area of the charity. 3. To educat¢ the public at larg¢ with all PK)tential water users by giving talks and demonstrations of the pOlbIt dangers and hazards of watcr and water sources with the aim of preventing tragedies OT mishaps. 4. To maintsin and improve the professional standards with the Charity. DERTAKE E PUBLIC B SUMMARY OF TH MAIN A]vIT NEFIT In plannin8 our activities each year our Trustees have 88rd to both the Charity Commissions general gUIdae on public benefit and its supplementary guidance on advancing education. The Trustee$ always ensure that the pro8rnmmes we undertake are in line with our charitable objectives and aims. HIEV AND PERFO Our charitable objectives state we exist for public benefiL to rclicve suffering and distress amongst p¢rson5 endangered by floodin8 or natural hazards. It is increasingly apparent that there is a need for our services, which th¢ public are becoming in¢rwin8ly aware of. Wuksart Limited spccialises in the followin8;" • Respondin8 nationally to flooding under the DEFRA Concept of Operations. * Water rescue incidents within the East Midlands and Nationally. * Local & widespread flLK)din8. Searches for missing and vulnerdblc pwple. * Provide supprt during times of adverse weather conditions. • Provide support at water related incidents when required. * Powerboat rescue operations. * Provide underwater search capability. Flood support to local communities includin8 flood evacuation
WUKSART LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 JULY 2021 With skills in search & rcscuc, water & flood re5¢ue, rope rescu¢ and advanced medical care Wuksart Limit¢d always aims to deliver 8 fasL dynami¢ and professional team. The charity had & successful year in which it rcceived a 8rants from th¢ Screwfix Foundation, Thomas Farr Foundation, The National Ottery Community Fund. the Duke of Devonshire Charitsble Trust. East Midlands Airport Community Trust. Saturday Hospitsl Fund and Tesco Bags of Help. The grnnts were to fund basc maint¢nance. protective clothing, kits for new recruits, equipment and training W¢ have continued io provide voluntary serviS in the water rcs¢ue aren& Providing support to th¢ National Asset Re8iSt¢r, local Agreements with Fire Services gnd Local Police Services for Missing persons. RESERVES The Charity aims to build up reserves to cover 3 months oFrnting costs. Governlng document Wuksart Limited is a registe1 charity, numixr 1152138. whose company r¢815tration number 15 08158395. The ¢h8rity's governing docurn¢nt is the Memorandum and Articles of Association being adopted on 26 July 2012. The charity's re8iStercd olTice is, Redhill Marina, Ratcltffe-on. Soar, Nottingham. NGI OEB lllduclion and trafittlng of trustees The Charity undertakes, when th¢ need 8ri8e4 a skills audit to detennine the requirements of th¢ trustee body. If a skill shortage is identifi¢d, approachvJ made to specific people identified as having thcsc skills Rljk management policy The trustees examine th¢ major risks thai the ¢harity faces each f)nancial year when preparing and lating the strategic plan. The ch8rity develOd systems to monitor and control these risks to mitl8ate any im1 that they May have on the charity in the future. Independent Examiner Derby Community Accountancy Service and will it in office &s independent examiner for the ensuing year. Small company provlsions This report has been prepared in acwrdance with the Sla1 Provisions for small CompleS under Part 15 of the Compmnies A¢t 2(K)6.
COMPANY LIMITED BY GUARAIYTEE TRUSTEES, ANNUAL REPORT YEAR ENDED 31 JULY 2021 Registered office: Redhill Nlarina Ratcliffe-on-soar Nottingham NGI I OEB Signed on behalf of the trustees J. Faulconbridg¢ Approved by the trustees on 24 March 2022
WUKSART LIMITED COMPANY LIMITED BY GUARAIYTEE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YEAR ENDED 31 JULY 2021 I report on the accounts of the company for the year endcd 31 July 2021 which are set out on pages 6 to 17. Respedlve responsibilities ofthe trnjtets and examiner As the charity trustees of the TrusL you are resp)nsible for the pttparation of the accounts in accordanc¢ with th¢ requirements of the Charitic5 Act 2011 ('%h¢ Act"). I report in respect of my examination of the Trust's aUnts ¢arri¢d out under section 145 of the 2011 Act and in CIng out my examination, I have followed the applicable Directions given by the Charity Commis8ion under section 145(5Xb) of th¢ ACL Independent examlDer's •tatemeAt I have completed my cxamination. l ¢onfimi that no material matt¢rs have come to my attention in connection with th¢ examination which gives me caus¢ to believe that in. any material rcsp¢Gt: accounting records wert not kept in accordancc with section 130 of th¢ Act or the accounts do not accord with the accounting records I hav¢ no concerns and have come across no other matter5 in connection with the examination to which attention should b¢ drawn in or&r to enable a proper und¢rstandin8 of the ac<ounts to be reached. 2<Z Mark Newey ACMA Derby Cornmunlty Accountancy Service Babin8ton Lodge 128 Gr¢en Lanc Derby DEI IRY
WUKSART LIMITED COMPANY LIMrrED BY GUARANTEE STATEMENT OF FINANCIAL AcfivTfIES YEAR EIWED 31 JULY 2021 UDrn5tricted Rutricted Fund8 Totsl Funds Year to 31 July 2021 Total Funds Yearto 31 July 2020 Note Jncome from: Donations Charitsble activities Other income Investment in¢omc 3,020 8J26 &427 3,020 32JOI 8,427 2,135 31,701 6,615 23975 Totvdl ineomlng r¢sour¢es 19,773 23,975 43,748 40,451 Raising funds Charitsbl¢ activitics 36,421 10,725 47,146 41.852 Total expenditure 36,421 10,725 47,146 41,852 Net {expendltur¢) in¢ome (16,648) 13350 (3 J98) (1,401) Transfer Ixtw¢en funds 50,778 (50,778) Net movement In funds 34,130 (37 J28) (3J98)) (1,401) Fund balaDCQJ #t I Au8 2020 11,149 65J64 76,513 77,914 Fund balan¢¢8 it 31Juty 2021 45379 27.836 73,115 76,513 The ¢omp8ny had no or discontinued activities during the year. The notes on pages 8 to 17 fonn part of thege financial statemen
WUKSART LIMITED COMPANY LIMrrED BY GUARANTEE BALANCE SHEET YEAR ENDED 31 JULY 2021 2021 2020 Note Fixed assets Tangible &sscts Current assets Debtors Cash at bank and in hand 53315 77,907 12 19JOO 542 19aOO 542 Creditors: amounts falling due within one y¢8r 13 (936) Net curr¢nt auets 19JOO (394) Total asjets lem curr¢n¢ liabilili 73,115 77,513 CreditoN: amounts fglliDg due after One y¢ar 14 (1,000) Net a$8ets 73,115 76,513 The funds of th¢ ¢harlty: Restricted Unrestricted- general reserves Unrestricted - designat reserves TOTAL CHARITY FUNDS 15 15 15 27,836 45279 65,364 11,149 73,115 76,513 For the year endin8 31 July 2021 the company was entitled to exemFrtion from audit under section 477 of the Companies Act 2006 relating to small companies. Directors. resw)nsibilities:. The members have not required the cornpny to obtsin an audit of its OUnts for the year in question in accordance with section 476. The directors acknowledge their r¢snsibl1}ty for ¢omplying with the requirements of the Act with respect to accounting records and the preparation of a¢¢ounts. These financial statements have been prepared in accordanc¢ with the provisions applicable to ci)mpanies subjed to the Small compani¢s re8ime. These financial statements were approved by the directors and authoris¢d for issue on 24 March 2022 and are signed on their behalf by: J. Faulconbridge Director Company Re8istration Number. 08158395 The notes OD p8ges 8 to 17 fonn Pvdrt of these financial stxtements.
WUKSART LIMrrED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 31 JULY 2021 AeeountiDg poli¢ies The principal accounting PK)licies adopted. judgements and key sour¢¢s of estimation uncertainty in the pr¢ation of thc financial statements are as follows: Company IDformatioD Wuksart Limited is a cornpAny limited by 8uarantce not havin8 a share capital. The ompany's registered office is Redhill Marin4 Ratcliffe-on-soar. At the end of the year there were 2 Trustees, each of whom, un(kr the tems of the Mcmorandum and Articles of Association, had undertaken to contribute the Sum not exceeding £1 in the ¢v¢nt of a winding up of the company. 1.1 Accounting convention These accounts have been pr¢Ted in a¢[dance with FRS 102, "The Financial Reporting Standard applicable in the UK and Republic of Jreland" {"FRS 102.), "Accounting and ReportinB by Charities" the Ststement of Recommended Practice for charities applying FRS 102, the Companies Act 2006 and UK Gencrnlly Accepted A¢wunting Practice as it apples from l January 2015. The charity is a Public Benefit Entity as defined by FRS 102. The accounts are prepared in Sterlin8 which is the functional currency of the company Monetary amounts in these financial Statements to the nearest £. The a¢¢ounts have been prepared on historical cost convention apart from freehold property that is ¢arried at market value. The principal accounting px)licies adopted are set out below. These arc accounts for the year ¢ndcd 31 July 2021 epared in accordance with FRS 102, The Financial ReFK)rtin8 Standard applicable in the UK and Republic of Ireland. Th¢ dat¢ of transition to FRS 102 was l Au8USt 2014. 1.2 Going con¢ern At the time of approvins the account4 the directors have a reasonable eX¢tiOn that the charity has adequate resourc¢s to Continue in operational existence for the forese¢able future. Thus the Trustees continue to adopt the going concern basis of accounting in pparIng the ounts. IJ Charitable Fund Unr¢stricted funds are availabl¢ for use at the discretion of the truses in furtherance of the general objectives of the charity. Designated funds are unrestricted funds earniarked by the trustees for particular pUrSeS. Restricted funds are subjected to restrictions on th¢ir expenditure imw)sed by the donor or through the ternis of an appeal. 1.4 In¢omlng re8ource8 All incoming resourc are included in the SOFA vthen the charity is legally entitled to the income and the amount can be quantified with reasonable aUracY. Gifts in kind have been includ¢d at market value of gifts reccived and in assets acquired. No amounts are included in the finan¢ial statements for services donated by volunteers.
WUKSART LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021 1.5 Resource5 expended All expenditure is acUnted for on an accNals basis and has Len classified und¢r headings that aggregate all costs relating to the ¢ate80ry. Where Costs cannot be directly attributed to particular headings they have been allocated to activities on a basis nSistenI with use of the resources. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminatin8 infornation in the support of the charitable activities. 1.6 Debtors Trade and other debtors are wgniscd at the settlement amount due after any trade discounts offcred. Prepayments are valued at the amount prepid nct of any trade discounts due. 1.7 Cash and cash equlvalents Cash and cash equivalents includc cash in harf dewsits held at call with banks, othcr short- temi liquid investments with original matiwities of three months or Icss. and bank overdrafts. Bank overdrafts are shown within E)rrowings in cumt liabilities. 1.8 Creditors and provisions Creditors and provision$ are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount du¢ to settlc the obligation can be mwured or estimated reliably. Creditors and provisions are nOMllY recognised at their settlement amount after allowin8 for any trade discounts due. 1.9 Flnan¢ial instrurnents The Charity has financial assets and financial liabiliti¢$ of a kind that qualify as basic financial instruments. Basic financial instruments are initially ffco8nised at transaction value and subsequently measured at their 3ettl¢m¢nt valuc. Derecognlilon ofjlnanclal Ilablllil Financial liabilities are deregnIsed when the company's ¢ontractual obligations expire or are discharged or cancelled. 1.10 Employ¢¢ benefits The cost of any unused holiday ¢ntitlemcnt Is ¢08n1$¢d in thc period in which the employee's services arc received. Tern]ination benefits recognised immediately as an expense when the company is demonstrably committed to temiinate the employment of an employee or to provide tennination Ixnefits. 1.1 l Taxation The charity is exempt from tax on income and gains falling with section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that the% a applied to its charitable objects. 1.12 Depreelalion Individual fixed assets are capitslised at LX)St and are depreciated over their estimated useful
COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 31 JULY 2021 economic lives on a reducin8 balance basis as follows".- Asset Cvdtegory Equipment Fixtures and Fittings Annual rate 25% 25Yo 2 Crilieal accounting estimates aDd judgements In th¢ application of the charity's accowiling plicie5, the directors are Tequired to make judgements. estimates and aumptIOnS about the carrying amount of assets and liabilities that are not readily apparent from othcr SOUTS. Th¢ estimated and ass(Kiated assumptions are based on historical experience and other factors that ar¢ ¢onsi(kred to b¢ r¢l¢vanL Actual results may differ from these estimatcs. Donatlons Total Fundj Year to31 July 2021 Total Funds Yearto31 July 2020 Unrestricted Ratricted Fundi Donations 3,020 3,020 3,020 2,135 2,135 3,020 Income from eharitsble activiti Total Fundj Totsl Funds Year to 31 Year to 31 July Juty 2021 2020 Unrestricted Restri¢ted Funds Funds Grant$ tkpartment for TrAnsport Severn Trent Community Fund Great British Communications Screwfix Foundation Thomas Farr Foundation Th¢ National Lottcry Community Fund Duke of tkvonshire Charitable Trust East Midlands AirrK>rt Community Fund Saturday Hospital Fund T¢sw Bags of Help 25,957 2.000 1,000 5,000 1,8110 9225 9325 3,000 1,950 2,000 1,950 2,000 Subscriptions Sales and fimdraising 5J26 SJ26 2,770 2,974 8J26 23,975 32JOI 31,701 io-
WUKSART LIMTTED COMPANY LKMITED BY GUARANTEE NOTFS TO THE FIY4ANCIAL STATEMENTS YEAR EIWED 31 JULY 2021 Other income Totsl Fund8 Year to 31 July 2021 Total Funds Ycarto31 July 2020 HMRC Refund Profit from SP41e of vehicle Sundry tncomc 4,409 7,096 lJ31 2206 8,427 6.615 Inve8tm¢Dt Income Total Funds Year lo 31 July 2021 Total Funds Yearto 31 July 2020 Bank interest ffceivable (unrestricted)
WUKSART LIMrrED COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021 Analysis of expeDditure (unrestricted) Accommodation Stationery Subsistence Maintenance Depreciation Base costs Boats Equipment Insurance Vehicle Diesel and pctrol Computer costs Sundry Trainin8 Wa8e$ Fees 305 886 1,150 50 231 17,938 25,969 2.393 5,734 5J92 321 2J16 3,422 ,993 2,077 636 2,760 899 1,977 10,960 494 47,146 41,852 Expenditure on charitable activities was £47,146 {2020: £41,852} of which £10,725 was restricted (2020 £21.788) Net (expendltureylneome Net (expenditurcyincorn¢ for th¢ y¢ar is stst¢d aft¢r ¢har8ingl(¢r¢diting): 2021 2020 Independent Examiner's Fees Depreciation 400 17,938 430 25.969 Directors and key managelnent personnel During the year trustees did not receive remuneration The k¢y manag¢m¢nt Frsonnel of the charity consists of the tnL8tees. 12-
WUKSART LIMrrED COMPANY LIMfrED BY GUARANTEE P40TES TO THE FINANcL STATEMENTS YEAR EIYDED 31 JULY 2021 10. Employees The average monthly number of persons employed during the year was Year to 31 Jul 2021 Year to 31 July 2020 Charitsble activities Employment ¢0sts Yr to 31 Juty 2021 Yearto 31 July 2020 Wages and salaries Social security costs Other pension costs No employee earned more than £60,th) per annum. 11. Tangible fixed ass¢ts Equlpment Totsl Cost At 31 July 2020 Additions DIssaIS At31 Juty 2021 244573 244,573 14,586 229,987 14,586 229,987 Depreciation At 31 July 2020 DepCIall0n on disFK)sal Charge for the year At 31 Juty 2021 166.666 (8,432) 17,938 176,172 166,666 {8,432) 25,969 176,172 Net bk value At 31 July 2021 At 31 July 2020 53,815 53015 77.907 77,907 13-
COMPANY LIMtTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 31 JULY 2021 12. Debtors 2021 2020 Trade debtors Other debtors 13. Credltors: AmouDts falling due wiibin one year 2021 2020 Trade creditors 936 936 14. CreditorJ: Amounts falling due wlthln one year 2021 2020 1,000 1,000 14-
WUKSART LI(TrED COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 31 JULY 2021 15. Anatysix of eharitabk funds At IAug 2020 Incoming At 31July 2021 Outgoing Trnn8fers Genernl reserve Designated reserve 11,149 19,773 (36,421) 50,778 45379 Total unrestri¢t¢d funds 11.149 19,773 (36A21) 50,778 45279 Department of Transport and Charities Aid Foundation DEFRA Screwfix Foundalion Thomas Farr Foundation The National Lottery Community Fund Duke of Devonshi Charitsble Trust Fast Midlands Airport Community Fund Saturday Hospital Fund Tes¢0 Bags of Help 62,956 2,408 (48J70) (2,408) 14J86 5,1)00 iJoo 5,000 1,800 9225 (9225) (iJoo) 1,500 1,950 2,000 1,000 Total restri¢ted ndS 65J64 23,975 (10,725) (50,778) 27,836 Total funds 76,513 43,748 (47,146) 73,115 General reaerve Genernl reserves are the frec rcserves after allowing for all designated funds. Department of Tr8nSPOrt and CbaritieB Aid FoundatlOD The money was Spent on equipmcrrt. The trnnsfer tthveen funds relates to the value of the asset purchased being transferred to unrestricted fimds fEn accordance with Charity Commission guid¢lines. 15-
WUKSART LIMTTED COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENrs YEAR ENDED 31 JULY 2021 DEFRA The money was spent on equipment. The transfer between funds relates to the value of the asset purchased being transferred to unrestricted funds fm ordance with Charity Commission guidelines. screwr Foundation The money is to be spent on base rnaintenan. Thomas Farr FoundatloD The money was to bc spcnt on prote¢tiv¢ clothing The National Lottery Community Fund The money was spent on training new rruits Duke of Devonshire Chgritable TTht The moncy was spent on training EAst Midlandi Airport Community Fund The money was to be spent on equipment Saturday Hospital Fund The money is to be spent on medical kits Tesco Bags of Help Th¢ money is to bc spent on ncw recruits. kit 16-
WUKSART LIMITED COMPANY LIMITED BY GUARANTEE NOTES TO ThE FINANCIAL STATEMENTS YEAR ENDED 31 JULY 2021 16. Analysis of net between funds Tangibk Other net auets Total unrtricted funds Unrestrictcd Funds Designated Funds (8J36) 45279 Restricted funds Department of Transport and Clwities Aid Foundation Screwfix Foundation Thomas Farr Foundation Duke of tkvonshir¢ Charitable Trust East Midlands Airwrt Community Fund Saturday Hospital Fund Tesco Bags of Help 14,586 5,000 1,800 1,500 1,950 14,586 5,000 1000 1,500 1,950 2,000 1,000 Total fundj 53015 19JIM) 73,IlS 17. Related party tranJAetions The charity had no related Fwty tranwtions that required disclosure. 17-