## **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.
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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
## 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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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).
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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
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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:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the 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
10
**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**
- 1 **Accounting policies**
## **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**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
- Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
**Hornsea Inshore Rescue Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **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|