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← Hornsea Inshore Rescue

2024-12-31-accounts

Hornsea Inshore Rescue

7A | Report & Fi

Trustees’ Annual Report

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Trustees’ Annual Report

Acknowledgements

Hornsea Inshore Rescue would like to thank all our volunteers, supporters, donors, and the wider Hornsea community. Without your generosity, encouragement, and commitment, we could not continue our lifesaving work.

Every launch, every rescue, and every safe return home is made possible by your support.

Contact Us

Email: info@hornsearescue.org.uk

Website: www.hornsearescue.org.uk

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85 “Spif of Homsed”
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Trustees’ Annual Report

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Trustees’ Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 07193145

Charity No. 1154954

Principal Office

The Boathouse Hornsea Burton Road Hornsea East Yorkshire HU18 1TJ

Registered Office

The Boathouse Hornsea Burton Road Hornsea East Yorkshire HU18 1TJ

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

S. Hall S. Hickson-Marsay MBE P.I. Jebson J. Pugh J.K. Pugh K. Shannon N. Smales

Accountants

MPH Accountancy 1st Floor Manor House Main Road Ryehill East Yorkshire HU12 9NH

Bankers

Natwest Bank 73 Newbegin Hornsea East Yorkshire HU18 1PD

Trustees’ Annual Report

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Trustees’ Annual Report

Solicitors

Gosschalks Queens Gardens Hull

HU1 3DZ

OBJECTIVES AND ACTIVITIES

The objectives of the charity are to preserve and save life by the provision and maintenance of an inshore rescue service along and off the coast of the East Riding of Yorkshire and by the promotion to the public of all aspects of water safety.

The main activity of the charity is to fund an independent lifeboat station with a suitable lifeboat in Hornsea, for providing emergency aid to those on the sea and shoreline along the East Yorkshire coast. The service is for the benefit of the public residing in or visiting the East Yorkshire area.

The charity also operates an education center promoting water safety and awareness of the coastal environment. Generally, the charity supports itself by holding fund-raising events and collecting donations from the public. Additionally talks and tours of the boathouse are given to local groups and organisations. In doing so the charity hopes to engender support in the future either by donations or by promoting the services and activities on offer. The charity also combines fundraising with delivery of its charitable objects through its Sea Education Centre for the training of adults and schoolchildren.

Achievements and Performance

Operations and Rescues

Throughout 2024/25, our volunteer crew remained on call 24 hours a day, 365 days a year. We responded to numerous incidents, ranging from small vessels in difficulty to members of the public caught out by the tide. Each launch represents dedication, courage, and a willingness to put others before self. Our partnership with HM Coastguard, RNLI, and other emergency services has continued to ensure effective coordination in every rescue.

People and Training

We were delighted to welcome five new recruits into the team this year. They will now embark on a full training programme to prepare them for the challenges of sea rescue. Their enthusiasm and energy bring new strength to the crew, securing our future as an organisation. We also welcomed a new tractor mechanic, ensuring our vital launch vehicles are kept in the best possible condition.

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“spirit ofHornsea” conducting a towing exercise
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Trustees’ Annual Report

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Trustees’ Annual Report

Community and Fundraising

Our work is made possible by the incredible generosity of the Hornsea community. From donations and grant funding to community events and school visits, the support we receive is both financial and emotional. Every pound raised, every word of encouragement, and every helping hand makes a difference to our volunteers.

We are humbled and grateful for the continued trust placed in us.

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Hornsea Inshore Rescue’s New Year Dip 2024-———
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FINANCIAL REVIEW

The Trustees acknowledge the requirement to have a policy on reserves. The Trustees believe the investment in the Sea Safe Education Centre will put the charity in a stronger position to attract greater income in the future through the provision of training services and by receiving more donations from an enhanced profile.

It costs around £55,000 a year to run the organisation with the maintenance of tractors being one of the biggest outgoings along with insurance, fuel and equipment maintenance. It is now in a better financial situation thanks to many individuals and organisations raising hundreds of pounds. Some have raised thousands. The charity has been adopted by a wonderful group ‘HILS’ (Hornsea Inshore Lifeboat Supporters) and the Hornsea Mermaids. They are working all year-round raising money in a variety of ways. The support from the local community, as always, has been phenomenal. This year’s new year’s day’s swim was a great success with people coming from all over the country to participate.

To keep the charity in line with the same standards as the RNLI it has been offered an ex-RNLI Atlantic 85 the first independent lifeboat to acquire one and are in a position where the charity can buy 2x 4 stroke 115 engines, this was all within the 5 years plan but thanks to legacies and the puffins galore the charity has the funds to bring the plan forward and have the same state of the art are equipment as the RNLI, this is amazing news for Hornsea Inshore Rescue.

Trustees’ Annual Report

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Trustees’ Annual Report

Collection cans bring in thousands of pounds every year. Although in an ever-increasing cashless society this has impacted on the charity. Hornsea Boat Launch made just over £30,000.00 for Hornsea Rescue.

Reserves Policy

The Trustees feel that the financial position of the charity is considered to be good at this point.

However, in the current economic climate, trustees are particularly mindful of the need to contain the risk that our charity cannot meet the payments to which it is committed, including redundancy costs should our income decline. Therefore, a good level of reserves ensures stability as we continue to grow and that we can be there for all emergencies as and when needed.

We have fixed assets of £445,427 which is mainly the rescue boat, tractors and machinery needed to keep the boat operational. Without these we cannot operate.

We have available assets of £129,874 as reserves.

The charity has a reserves policy which is reviewed on an annual basis. Our current reserves policy is to maintain reserves at a level of around 10 months. Our current level of reserves is 10 months, so we are therefore comfortable that cash and deposit balances are maintained to be able to meet outgoings and obligations.

The reserves policy will be reviewed again next year.

Future Plans

Looking ahead, Hornsea Inshore Rescue has ambitious but necessary plans to secure and strengthen our service for the future.

Rooftop Terrace – Hornsea Boat Launch

A key project for 2025 is the creation of a rooftop terrace at Hornsea Boat Launch. This will provide a safe and welcoming viewing point for the public, enabling families and visitors to share in the story of our station. It will not only enhance community engagement but also help us build stronger connections and fundraising opportunities.

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ii ANISES4" proposed goom %
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Trustees’ Annual Report

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Trustees’ Annual Report

Fleet and Equipment

Our launch vehicles are the backbone of every rescue. Plans are underway to replace our existing tractor, with the hope of securing a refurbished Talus tractor from the RNLI. This upgrade will improve safety, reliability, and efficiency in launching and recovering our lifeboats.

Training and Recruitment

The integration of our five new recruits is a major focus for 2025. Through structured training, mentoring, and teamwork, they will become fully operational crew members. We will continue to emphasise the importance of safety, skill, and solidarity in everything we do.

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RidinNew recruits © <'meu i, (hae serie0
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Trustees’ Annual Report

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Trustees’ Annual Report

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Hornsea Inshore Rescue operational crew =
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Structure, Governance and Management

Hornsea Inshore Rescue is a registered charity, fully independent from national organisations. We are governed by a Board of Trustees, numbering between six and twelve, who are responsible for strategy, governance, and compliance. Day-to- day operations are managed by Coxswain, Launch Authority, and senior crew members, all of whom volunteer their time and skills.

Our organisation is entirely volunteer led, including boat crew, shore team, fundraisers, and support staff. The Trustees meet regularly to review performance, finances, and long-term planning. We are committed to following robust policies on safeguarding, health and safety, equality, and data protection, ensuring that our charity is run with integrity and in the best interests of both crew and community.

The charity is controlled by its Memorandum and Articles of Association that constitutes an Incorporated Charity.

Since 2015, the Executive Committee has researched and initiated new policies regarding the appointment of new committee members and is receiving specialist guidance in this area. Likely candidates are now required to attend no less than four executive committee meetings as consultants, without voting rights, before being invited to join the committee. All committee members are now receiving training in their obligations, rights and responsibilities as charity trustees and new committee will go through similar training as part of their induction process.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Trustees’ Annual Report

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Trustees’ Annual Report

Public Benefit

The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission. Hornsea Inshore Rescue provides a free, vital lifesaving service to anyone in need on our coastline. Our work enhances public safety, strengthens community resilience, and brings peace of mind to all who live near or visit Hornsea.

Conclusion

As Trustees, we remain deeply proud of what Hornsea Inshore Rescue has achieved this year. Behind every launch and every rescue lies the bravery of our crew, the commitment of our volunteers, and the generosity of our supporters. This is more than a charity—it is a family bound together by a shared purpose: to save lives at sea. To our crew, shore team, fundraisers, families, and the wider Hornsea community, we offer our heartfelt thanks. Without you, none of this would be possible.

Signed on behalf of the Trustees

Chair of Trustees – S Hickson-Marsay MBE Date: 3 June 2025

Trustees’ Annual Report

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Trustees’ Annual Report

Independent Examiner's Report to the trustees of Hornsea Inshore Rescue

I report to the charity trustees on my examination of the financial statements of Hornsea Inshore Rescue for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Shannon Smith MAAT FCCA MPH Accountancy 1st Floor Manor House Main Road Ryehill East Yorkshire HU12 9NH 03 June 2025

Trustees’ Annual Report

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Hornsea Inshore Rescue Statement of Financial Activities

for the year ended 31 December 2024

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Other
7
Total
Expenditure on:
Raising funds
8
Charitable activities
9
Other
10
Total
Net gains on investments
Net (expenditure)/income
11
Transfers between funds
Net (expenditure)/income
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
30,098
17,870
46,117
2,372		 Total funds
2024
£
30,098
17,870
46,117
2,372		 Total funds
2023
£
33,419
20,518
176,919
10,000
96,457
2,954
10,347
132,206		 96,457
2,954
10,347
132,206		 240,856
2,539
7,655
110,094
145,507
-		 145,507
-		 120,288
-
(49,050)
-		 (49,050)
-		 120,568
-
(49,050) (49,050) 120,568
(49,050)
624,351		 (49,050)
624,351		 120,568
431,721
575,301 575,301 552,289

Page 0

Hornsea Inshore Rescue Summary Income and Expenditure Account

for the year ended 31 December 2024

Income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net (expenditure)/income before tax
for the year
Net (expenditure )/income for the year		 2024
£
96,457
96,457
101,235
44,272
145,507
(49,050)
(49,050)		 2023
£
240,856
240,856
85,361
34,927
120,288
120,568
120,568

Hornsea Inshore Rescue Balance Sheet

at 31 December 2024

Company No.
07193145
Notes
2024
£
Fixed assets
Tangible assets
13
445,417
Investments
14
10
445,427
Current assets
Debtors
15
3,429
Cash at bank and in hand
135,301
138,730
Creditors:Amount falling due within one year
16
(8,856)
Net current assets
129,874
Total assets less current liabilities
575,301
Net assets excluding pension asset or liability
575,301
Total net assets
575,301
The funds of the charity
Restricted funds
17
Unrestricted funds
17
General funds
575,301
575,301
Reserves
17
Total funds
575,301		 2023
£
350,778
10
350,788
7,239
206,882
214,121
(12,620)
201,501
624,351
624,351
624,351
624,351
624,351
624,351

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 03 June 2025

And signed on its behalf by:

P.I. Jebson Trustee 03 June 2025

Hornsea Inshore Rescue Statement of Cash flows for the year ended 31 December 2024

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Decrease/(Increase) in trade and other receivables
Decrease in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Proceeds from sales of property, plant and equipment
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash used in investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2024
£
(49,050)
(2,372)
3,810
(3,764)
(7,104)
20,400
(143,092)
2,372
(120,320)
-
(127,424)
206,882
79,458
135,301
135,301		 2023
£
120,568
(10,000)
(5,144)
(4,725)
135,626
-
(96,918)
10,000
(86,918)
-
48,708
161,160
209,868
206,882
206,882

Hornsea Inshore Rescue Notes to the Accounts

for the year ended 31 December 2024

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Hornsea Inshore Rescue Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

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

useful life:
Leasehold property 4% Straight line
Fixtures and fittings 20% Straight line
Motor vehicles 10% Straight line
Equipment for boat and crew 20% Straight line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Hornsea Inshore Rescue Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions 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 due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Hornsea Inshore Rescue Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies		 Unrestricted
£
30,098
30,098		 Unrestricted
funds
2023
£
33,419
20,518
176,919
10,000
240,856
2,539
7,655
110,094
120,288
120,568
120,568
120,568
431,721
552,289
Total
2024
£
30,098
30,098		 Total funds
2023
£
33,419
20,518
176,919
10,000
240,856
2,539
7,655
110,094
120,288
120,568
120,568
120,568
431,721
552,289
Total
2023
£
33,419
33,419

Hornsea Inshore Rescue Notes to the Accounts

5 Income from charitable activities

RYA income
6
Income from other trading activities
Fish and chips
Rent of boathouse
Income from fundraising
7
Other income
Grants received
Bank interest receivable
8
Expenditure on raising funds
Fundraising trading costs
Fish and chips
9
Expenditure on charitable activities
Expenditure on charitable
activities
RYA income
Governance costs		 Unrestricted
£
17,870
17,870
Unrestricted
£
3,273
6,690
36,154
46,117
Unrestricted
£
1,125
1,247
2,372		 Total
2024
£
17,870
17,870
Total
2024
£
3,273
6,690
36,154
46,117
Total
2024
£
1,125
1,247
2,372		 Total
2023
£
20,518
20,518
Total
2023
£
5,401
2,865
168,653
176,919
Total
2023
£
10,000
-
10,000
Unrestricted
£
2,954
2,954
Unrestricted
£
10,347
10,347		 Total
2024
£
2,954
2,954
Total
2024
£
10,347
10,347		 Total
2023
£
2,539
2,539
Total
2023
£
7,655
7,655

Hornsea Inshore Rescue Notes to the Accounts

10 Other expenditure

Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
11 Net (expenditure)/income before transfers
This is stated after charging:
Depreciation of owned fixed assets
12 Staff costs
No employee received emoluments in excess
13 Tangible fixed assets
Land and
buildings
£
Cost or revaluation
At 1 January 2024
151,341
Additions
-
Disposals
-
At 31 December 2024
151,341
Depreciation and
impairment
At 1 January 2024
18,159
At 31 December 2024
24,212
Net book values
At 31 December 2024
127,129
At 31 December 2023
133,182		 of £60,000.
Fixtures and
fittings
£
103,719
109,214
-
212,933
17,943
38,686
174,247
85,776		 Unrestricted
£
2,163
7,559
4,495
44,272
73,717
132,206
2024
£
44,272
Motor
vehicles
£
196,341
33,878
(20,400)
209,819
49,334
66,408
143,411
147,007		 Total
2024
£
2,163
7,559
4,495
44,272
73,717
132,206
Equipment
for boat and
crew
£
2,014
-
-
2,014
982
1,384
630
1,032		 Total
2023
£
5,616
5,088
5,720
34,927
58,743
110,094
2023
£
34,927
Total
£
453,415
143,092
(20,400)
576,107
86,418
130,690
445,417
366,997

Hornsea Inshore Rescue Notes to the Accounts

14 Investments

Cost or revaluation
At 1 January 2024
At 31 December 2024
Net book values
At 31 December 2024
At 31 December 2023
15 Debtors
Trade debtors
Prepayments and accrued income
16 Creditors:
amounts falling due within one year
Trade creditors
Other creditors
Accruals
17 Movement in funds
At 1 January
2024
Restricted funds:
Unrestricted funds:
General funds
624,351
Total funds
624,351
18 Analysis of net assets between funds
Fixed assets
Investments
Net current assets		 Incoming
resources
(including
other
gains/losses)
£
96,457
96,457		 2024
£
1,857
1,572
3,429
2024
£
4,577
2,403
1,876
8,856
Resources
expended
£
(145,507)
(145,507)		 Other
investments
- Unlisted
£
10
10
10
10
Gross
transfers
£
-
-
Unrestricted
funds
£
445,417
10
129,874
575,301		 Total
£
10
10
10
10
2023
£
5,762
1,477
7,239
2023
£
2,987
7,513
2,120
12,620
At 31
December
2024
£
575,301
575,301
Total
£
445,417
10
129,874
575,301

Hornsea Inshore Rescue Notes to the Accounts

19 Reconciliation of net debt

Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 January
2024
£		 Cash flows
£		 At 31
December
2024
£
206,882 (71,581) 135,301
206,882
206,882		 (71,581)
(71,581)		 135,301
135,301

20 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Hornsea Inshore Rescue Detailed Statement of Financial Activities

for the year ended 31 December 2024

Income and endowments from:
Donations and legacies
Charitable activities
RYA income
Other trading activities
Fish and chips
Rent of boathouse
Income from fundraising
Other
Grants received
Bank interest receivable
Total income and endowments
Expenditure on:
Costs of other trading activities
Fish and chips
Total of expenditure on raising
funds
Charitable activities
RYA income
Total of expenditure on charitable
activities
Employee costs
Staff training
Staff welfare
Motor and travel costs
Vehicles - General costs
Travel and subsistence
Premises costs
Light, heat and power		 Unrestricted
funds
2024
£
30,098
30,098
17,870
17,870
3,273
6,690
36,154
46,117
1,125
1,247
2,372
96,457
2,954
2,954
2,954
10,347
10,347
10,347
676
1,487
2,163
5,298
2,261
7,559
2,770		 Total funds
2024
£
30,098
30,098
17,870
17,870
3,273
6,690
36,154
46,117
1,125
1,247
2,372
96,457
2,954
2,954
2,954
10,347
10,347
10,347
676
1,487
2,163
5,298
2,261
7,559
2,770		 Total funds
2023
£
33,419
33,419
20,518
20,518
5,401
2,865
168,653
176,919
10,000
-
10,000
240,856
2,539
2,539
2,539
7,655
7,655
7,655
4,007
1,609
5,616
4,469
619
5,088
4,893

Hornsea Inshore Rescue Detailed Statement of Financial Activities

Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Fixtures and
fittings
Depreciation of Motor vehicles
Depreciation of Equipment for
boat and crew
Equipment repairs and
maintenance
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Transfers between funds
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 1,725
4,495
6,053
20,743
17,074
402
59,322
7,685
83
629
727
3,322
1,949
117,989
132,206
145,507
-
(49,050)
-
(49,050)
-
(49,050)
624,351
575,301		 1,725
4,495
6,053
20,743
17,074
402
59,322
7,685
83
629
727
3,322
1,949
117,989
132,206
145,507
-
(49,050)
-
(49,050)
-
(49,050)
624,351
575,301		 827
5,720
6,053
12,172
16,445
257
50,057
1,201
26
155
1,548
3,196
2,560
93,670
110,094
120,288
-
120,568
-
120,568
-
120,568
431,721
552,289