GAFIRS
(Limited by Guarantee)
TRUSTEES' ANNUAL REPORT
and
FINANCIAL ACCOUNTS
31 December 2021
Company registration number: 01876307
Charity registration number: 1159681
GAFIRS
(Limited by Guarantee)
CONTENTS
Year ended 31 December 2021
Page
The Charity, trustees and professional advisers 3
Trustees' annual report 4 - 13
Independent examiner’s report 14
Financial accounts:
- Balance sheet 15
- Statement of Financial Activities (incorporating an
income and expenditure account) 16
- Notes to the accounts 17 - 24
2
GAFIRS
(Limited by Guarantee)
THE CHARITY, TRUSTEES AND PROFESSIONAL ADVISERS
Year ended 31 December 2021
THE CHARITY
Registered name : GAFIRS
Legal status : Private company limited by guarantee
Registered address : Boat House, Lifeboat Lane, Alverstoke, Gosport,
Hampshire, PO12 2TR
Company registration : Registered in England and Wales, number 01876307
Charity registration : Registered in England and Wales, number 1159681
Telephone numbers : 023 9258 4017
Website : gafirs.org.uk/
E-mail : finance.director@gafirs.org.uk
NON-ELECTED OFFICERS
Patron : Honorary Commander Dee Caffari RNR MBE
Joint Presidents : The Mayor of Gosport and the Mayor of Fareham
Vice President : John Lee
CHARITY TRUSTEES DURING THE YEAR AND AT THE REPORT APPROVAL DATE
Elected Officers
Chair : Joanne Young
Operations Director : Andrew Barber (appointed 26 March 2021)
Finance director : Matthew Knight (appointed 26 March 2021)
Personnel Director : Paul Goulder (resigned 15 July 2021)
Steven Thomson-Anderson (appointed 8 April 2022)
Community Director : Jake Robinson (resigned 12 January 2021),
Thomas Clark (appointed 26 March 2021)
Engineering Director : Calum Anderton (resigned 8 April 2022),
Edward Kersey (appointed 8 April 2022)
Secretary : Keith Thomas
Other Trustees : Mark Round (appointed 17 August 2021),
Benjamin Keith (appointed 20 January 2022)
PROFESSIONAL ADVISERS
Principal bankers : Barclays plc, 43/44 High St, Gosport, Hampshire,
PO12 1DN
Independent examiner : P J Sommerville ACA, Director, Wood Hicks & Co Ltd,
Chartered Accountants, Units 1-2 Warrior Court,
9-11 Mumby Road, Gosport, Hampshire PO12 1BS
3
GAFIRS
(Limited by Guarantee)
TRUSTEES' ANNUAL REPORT
Year ended 31 December 2021
The Trustees submit their annual report and statement of accounts of GAFIRS (the Charity)
as at and for the Year ended 31 December 2021 in compliance with the requirements of the
Charity Commission.
SECTION 1 - OBJECTIVES AND ACTIVITIES
Gosport and Fareham Inshore Rescue Service (GAFIRS) is a busy independent lifeboat service
founded in 1969. GAFIRS operates a Lifeboat and Land Rover utility vehicle from its station
at Lifeboat Lane, Stokes Bay, Gosport, and an Inshore Lifeboat from a berth in Gosport
Marina; these platforms enable its volunteer members to provide a Declared Facility
emergency search and rescue capability for HM Coastguard covering Portsmouth Harbour and
the eastern Solent. In addition to its search and rescue work, GAFIRS also provides free
sea-safety education talks to local schools and youth groups and, through its cadet
membership scheme, trains young people in lifesaving skills.
Purpose
GAFIRS purpose (the objects of the charity as laid down in its Articles of Association) is:
“The saving of lives primarily off the coast of Gosport and Fareham in the County of
Hampshire by recruiting members and training them in life saving for the public
benefit, and the advancement of education of the public in all aspects of water
safety.”
How we achieve our purpose
The Directors have referred to the Charity Commission’s general guidance on public benefit
and are satisfied that GAFIRS meets its charitable objects and delivers public benefit by
providing:
-
A Declared Facility lifeboat service within its operating area, eastwards from Titchfield Haven out to the centre of the Solent, covering the coastal waters of Hill Head, Lee-on-the-Solent, Browndown, Stokes Bay, Gilkicker, out to the Spithead Forts and the whole of Portsmouth Harbour and Fareham Creek. GAFIRS unpaid voluntary crew members are available on pager call-out for HM Coastguard all year round and in all weathers. On average GAFIRS responds to over 100 incidents a year, ranging from simple mechanical failures and groundings, to medical incidents, persons over board and other life-at-risk emergencies. -
First-aid assistance at medical incidents along Stokes Bay. -
Assistance to the local Fire, Ambulance and Police Services during emergency incidents. -
Sea-safety education talks to schools, youth and adult community groups in the Gosport, Fareham and the south Hampshire area. -
Training in lifesaving, canoe rescue and first-aid for young people aged 14 to 17 via its Cadet membership.
All GAFIRS search and rescue work and sea-safety education activity is done for the general
public entirely free of charge and is paid for by charitable donations.
4
GAFIRS
(Limited by Guarantee)
TRUSTEES' ANNUAL REPORT (Continued)
Year ended 31 December 2021
SECTION 2 – ACHIEVEMENTS AND PERFORMANCE
Summary for the year
GAFIRS remained financially sound and operationally effective in 2021 and during the
year:
-
Responded to 117 incidents (making this our busiest year for 11 years and our 7th busiest in the last 28 years) including marine emergencies and first-aid assistance ashore, with 104 incidents being HM Coastguard taskings. -
Actively promoted water safety by providing sea-safety education talks to 71 children with 12 teachers and leaders from 2 local schools.
Search and rescue activity
-
117incidents responded to, assisting155people,13of whom were life-at-risk. -
104of the incidents were HM Coastguard taskings. -
54incidents were out-of-hours pager callouts (28daytime,14evening and12nighttime callouts) with an average response time of20m 01sfrom pager activation to our boat going afloat and an average of11members (5 boat crew and 6 shore crew) responding to each incident. -
For the104HM Coastguard taskings our average time to “in attendance” (or stand down) was17m 02s.(This includes pager callouts and taskings on duty days, when we were either on station or afloat on patrol.) -
For all117incidents, including shoreline first aid incidents close to the station, our average time to “in attendance” (or stand down) was15m 29s. -
Gosport Lifeboat attended101incidents and Gosport Inshore Lifeboat attended11. -
Gosport Rescue Mobile (our Land Rover) and Shore Crew were used at5incidents. -
Our first-aid trained members, who include two paramedics, assisted at16medical incidents afloat and ashore. -
Incidents types: -
Persons in water or missing persons thought to have entered the water: 44. -
Mechanical failures: 30 (including engine failure, electrical faults, steering -
failure and dismasting). -
Vessels aground: 10. -
Medical afloat and ashore: 16. -
Others: 17 (including checking for spurious radio signals on ch16 (the radio -
channel used for distress calls) and investigating drifting or unresponsive vessels).
Overall service availability for the year (a minimum of one boat declared available
to HM Coastguard): 95.01%, giving an average daily availability of 22 hours, 48
minutes against our 24/7 commitment.
5
GAFIRS
(Limited by Guarantee)
TRUSTEES' ANNUAL REPORT (Continued)
Year ended 31 December 2021
SECTION 2 – ACHIEVEMENTS AND PERFORMANCE (Continued)
SAR taskings and incidents of note
2021 was another busy year for GAFIRS with us responding to a higher than average number
of incidents, making this our busiest year for 11 years and our 7th busiest in the last 28
years.
We had a quiet start to the year with just 9 incidents through to the end of March, with
one of these incidents being a kayaker in difficulty and life-at-risk.
April was an unusually busy month, with 15 incidents, which included assisting 4 life-at-
risk persons and, most sadly, a fatality. May and June were also busy with 30 incidents,
one of them for a vessel taking on water and sinking, which was saved by the damage control
and salvage pump intervention of our crew, another for a critical medical incident and one
for 2 life-at-risk persons on paddleboards.
Although quieter than 2020, July and August were both busy months, with 34 incidents,
including 6 in one day. Of these 34 incidents, one was for a vessel with 9 persons on board
and in danger of running aground through engine failure, one for 2 people life-at-risk on
an inflatable in difficulties and one for 4 people life-at-risk on a sinking boat.
Following 12 incidents in September, our year quietened down with 6 incidents in October
and 5 in November, with our Declared Facility Agreement reviewed and re-endorsed by HM
Coastguard on 23rd November. We finished the year with 6 incidents in December, including,
sadly, assisting the Police with the recovery of a deceased person.
The Directors greatly appreciate the patience and commitment of all our members in helping
us to maintain our operations during the second year of the COVID-19 pandemic.
This chart, taken from our D4H management system, shows the geographical span of our 117
incidents in 2021.
6
GAFIRS
(Limited by Guarantee)
TRUSTEES' ANNUAL REPORT (Continued)
Year ended 31 December 2021
SECTION 2 – ACHIEVEMENTS AND PERFORMANCE (Continued)
Gosport Lifeboat towing a casualty vessel to safety.
SECTION 3 – GAFIRS IN THE COMMUNITY
The second year of the COVID-19 pandemic again severely reduced our sea-safety and community
talks activity but we were able to restart our programme and in fulfilment of our objective
to educate the public in water safety, we provided 2 sea safety talks to 71 children and
12 teachers/leaders from local schools and youth groups during the year, together with 5
talks to 131 adults. The talks given to children focus on sea-safety, with the talks given
to adults including coverage of the work of GAFIRS, the SSRO and HM Coastguard in sea-
safety.
With the easing of COVID-19 pandemic restrictions we were able to attend the Gosport Marine
Festival and hold our Lifeboat and Emergency Services Day at our station. This free public
event is popular with local families and provided a welcome break in difficult times. We
thank Gosport Police, Gosport Tourist Information, Hampshire Constabulary Incident Unit,
Ramona UK and SERV Wessex for their kind support.
We also restarted our Cadet training sessions and Lifesaving Club sessions once government
guidelines permitted us to do so.
7
GAFIRS
(Limited by Guarantee)
TRUSTEES' ANNUAL REPORT (Continued)
Year ended 31 December 2021
SECTION 4 – ACTIVITIES UNDERTAKEN TO ACHIEVE OUR PURPOSES AND OBJECTIVES
To carry out our search and rescue work and provide sea-safety education talks, we need a
boathouse as an operating base, lifeboats for use as rescue platforms, charitable funding
from the public and volunteer members to deliver our services. These components are
summarised below.
People
All our Directors and members are volunteers who receive no remuneration or expenses, with
our 64 active members giving over 10,908 hours of service this year. Of these members, 48
are operational with 19 being qualified coxswains and boat crew. Our operational strength
includes 3 trainee boat crew.
GAFIRS remained fully operational throughout the second year of the COVID-19 pandemic and
continued to follow all government guidelines to protect both our members and the members
of the public we came into contact with.
As in previous years, the efforts of our members have been recognised through the granting
of Royal Life Saving Society awards to individuals.
Property
Our station remains in good condition with no major maintenance required.
Platforms
Both our boats, Gosport Lifeboat (the 9m RIB “Joan Dora Fuller”) and Gosport Inshore
Lifeboat (the 4.8m RIB “Ian Fuller”) continued to operate well, with Gosport Inshore
Lifeboat undergoing a mid-life refit at the end of the year.
As part of our strategic management process to maintain our enduring capability and
continuity of service, we conduct regular reviews of our boats and vehicles to ensure they
remain fit for purpose and to enable us to plan for their timely replacement.
Pounds
Full details can be found in the Financial Review, below, produced by our Treasurer. Some
key financial points to highlight are:
-
We continued to be financially prudent and raised and spent our funds carefully. -
Our primary source of income was from donations received, exceeding the amount received from the Lifeboat Lotto operated by the “Friends of GAFIRS” which was the primary source of income in the previous year. -
We continue to received much kind support from the people of Gosport, Fareham and further afield and their generosity is deeply appreciated.
8
GAFIRS
(Limited by Guarantee)
TRUSTEES' ANNUAL REPORT (Continued)
Year ended 31 December 2021
SECTION 4 – ACTIVITIES UNDERTAKEN TO ACHIEVE OUR PURPOSES AND OBJECTIVES (Continued)
It is impossible to acknowledge here all our kind supporters, large and small, but we thank
them all, including the following in alphabetic order:
Alverstoke Projects Art
Trail
Alverstoke Village Hardware
Ann Beach
Arthurs Chandlery
Chichester MG Owners Club
Dash & Cox
Eastney Sailing Club
Elmore Angling Club
Fareham Borough Council
Friends of GAFIRS Lifeboat
Lotto
Geoffrey Rushton
Gosport Cruising Club
Gosport Borough Council
Gosport Rotary Club
Gosport Thursday Club
Gosport War Memorial
Football Club
Hampshire County Council
Haslar Marina
ITGL
Joan Kenton
Lord Nelson Lodge
Mabor
Marine Super Store
National Crime Agency
Staff
Neighbourly
Neptune Lodge
Phil Ashton
Portsmouth Harbour
Cruising Club
Premier Marina
Pyramid Trading
Richard 1st Hairdresser
Rotary Club of Romsey
Royal Clarence Marina RA
Royal Sussex Lodge
Smiley Mile
SMR Automotive
South East Hampshire and
Isle of Wight Lodges
St Vincent Lodge
Stamshaw Lake Angling Club
Stubbington Stitch and
Knit
Susan Waller
The Fighting Cocks
The Seahorse
The Three Tuns
The Windsor Castle
Thorngate Trust
Mr Wilby
Tina Whitcher
Titchfield WI
Tony Williams
Ultra SML
Yatley Offshore Sailing
Club
YouBoat
In Memory of:
Oscar Atkinson
Neil Biltcliffe
Mrs Broadhurst
Mrs C J Coxsell
Graham John Fairhall
Mrs Hayman
Ronald Mann
Robert Nunn
Peter Roberts
Mr Symers
Joyce Vivash
Mr Waring
Mrs Wilkinson
All our search and rescue work and sea-safety talks are made possible by the generosity of
our kind supporters.
SECTION 5 – GAFIRS CONTINUOUS IMPROVEMENT
In our report last year, we aimed to:
1. Continue to train, qualify and appoint additional boat crew.
2. Maintain our availability.
3. Restart our fundraising activity and sea-safety education programme.
4. Expand our Cadet membership.
5. Review and develop our operating procedures.
Against the above objectives we have:
1. Trained and qualified 3 additional boat crew members (set against the retirement of 2 others), taking our qualified strength from 18 to 19.
2. Increased our availability from 90.96% to 95.01% (equal to an additional 58 minutes every day of the year).
3. Restarted our fundraising activity and sea-safety education programme.
4. Recruited 7 additional cadet members (more than replacing those lost due to normal annual turnover and COVID-19 training restrictions).
5. Continued to review our procedures, with new boat crew and ILB Helm training processes introduced.
9
GAFIRS
(Limited by Guarantee)
TRUSTEES' ANNUAL REPORT (Continued)
Year ended 31 December 2021
SECTION 5 – GAFIRS CONTINUOUS IMPROVEMENT (Continued)
GAFIRS in 2022
In the coming year we aim to:
1. Continue to train, qualify and appoint additional boat crew.
2. Maintain our availability.
3. Expand our Cadet membership.
4. Enhance our beach rescue capability.
Gosport Lifeboat in Stokes Bay.
SECTION 6 – STRUCTURE, GOVERNANCE AND MANAGEMENT
GAFIRS operates under Articles of Association as amended by special written resolutions on
the 14[th] August 2014.
GAFIRS is managed by a Board of Directors which is responsible for the proper running of
the Charity and its financial viability. The Board consists of the: Chairman, Secretary,
Finance Director, Personnel Director, Engineering Director, Operations Director, Community
Director and two Non-Executive Directors. Each Director, other than the Non-Executive
Directors who are appointed by the Board, is elected by the members of GAFIRS at an AGM for
a term of two years.
The Directors are assisted in the day-to-day operation of the charity by appointed Health
& Safety and Safeguarding Advisors and membership Working Groups.
Discharge of governance duties
Supervision
Our Articles of Association require the Board of Directors to meet at least 4 times each
year with a quorum of 4 Directors. In 2021 our Board of Directors met 7 times, fully
discharging the supervisory requirements placed on them by our Articles of Association.
10
GAFIRS
(Limited by Guarantee)
TRUSTEES' ANNUAL REPORT (Continued)
Year ended 31 December 2021
SECTION 6 – STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued)
Financial due diligence
Our financial procedures, overseen by our Finance Director, will only authorise a purchase
of £50.00 or more if a minimum of three quotes has been obtained, in which case the quote
offering best value for money will be authorised, or if the order is placed with an agreed
“Approved Supplier” previously established to give good value for money. All purchases must
be approved by a vote taken by the Board of Directors or at a General Meeting except for
the following devolved expenditure authorities:
-
The Operations Director may authorise: -
Payments of regular service charges under contracts approved by the Finance Director. -
Payments up to £1,000 for items required to maintain rescue capability in accordance with agreed policy. -
The Engineering Director may authorise: -
Payments of regular service charges under contracts approved by the Finance Director. -
Payments of up to £1,000 for items required to maintain the availability of all vehicles, vessels, buildings and equipment in accordance with agreed policy. -
The Community Director may authorise: -
Equipment or services up to the value of £100 to facilitate the continuation of Community and Fund-Raising activity in accordance with agreed policy. -
The Personnel Director may authorise: -
Payments of regular service charges under contracts approved by the Finance Director. -
Payments of up to £1,000 for items required for training purposes in accordance with agreed policy.
All Directors and Coxswains may authorise the purchase of fuel using the approved fuel cards or contracts. Additionally, all major, long term or novel purchases, those which change our strategic capability or are over £10,000, together with major equipment disposals, must be endorsed by the Directors.
Risk management
The duty of the Directors is to ensure the charity’s enduring financial and operational
viability to maintain the availability of the Declared Facility lifeboat capability for HM
Coastguard and the provision of sea-safety education for the local community. In meeting
this objective, the Directors have identified three potential strategic risks to GAFIRS:
1. A long term decline in funding causes loss of Declared Facility status or independence. This risk is mitigated by maintaining a good relationship and high profile with the local population and regular attendance at fund raising and community events.
2. A long term decline in active/capable membership causes loss of Declared Facility status or independence. This risk is mitigated by recruiting new members through publicity campaigns, community presentations/events and direct contact with interested visitors.
11
GAFIRS
(Limited by Guarantee)
TRUSTEES' ANNUAL REPORT (Continued)
Year ended 31 December 2021
SECTION 6 – STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued)
Risk management (Continued)
3. A major operational failure by GAFIRS leads to declining public support and causes loss of Declared Facility status or independence. This risk is mitigated by compliance with the Rescue Boat Code of Practice which ensures that our administration, planning, training, equipment, maintenance and operational procedures are sufficient to ensure the safety of our crew members, the public and casualties during our operational activity.
The Directors are satisfied that the identified risks are properly managed and that adequate
risk mitigation is in place.
Gosport Inshore Lifeboat at the entrance to Portsmouth Harbour.
SECTION 7 – RESERVES POLICY
GAFIRS continues to remain financially sound with Funds being managed to cover future
running costs and provide reserves for new and replacement equipment.
SECTION 8 – FINANCIAL REVIEW
The total funds held by the Charity at the end of 2021 amounted to £1,085,164. This is
split between our Fixed Assets (Life boats and Equipment) of £363,253 and our Net Current
Assets of £721,911 (including cash at bank of £288,818). The increase in total Charity funds
over the course of the 12 months ended 31 December 2021 was 2.2% (2020: decrease of 5.2%).
The financial results for the year, together with a summary of the accounting policies
adopted are set out in the accompanying financial statements. The Charity achieved a net
surplus in general funds before transfers and gains on investments of £3,741.
SECTION 9 – SMALL COMPANY PROVISIONS
The Trustees’ Annual Report has been prepared in accordance with the provisions of Part 15
of the Companies Act 2006 relating to small companies.
12
GAFIRS
(Limited by Guarantee)
TRUSTEES' ANNUAL REPORT (Continued)
Year ended 31 December 2021
By order of the Trustees,
………………………………………………………………………
Keith N Thomas
26 July 2022
13
The Board of Trustees
GAFIRS
Boat House
Lifeboat Lane
Alverstoke
Gosport
Hampshire PO12 2TR
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
GAFIRS (Limited by Guarantee)
Charity no. 1159681 Company no. 01876307
ON THE UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 December 2021
I report to the charity trustees on my examination of the financial accounts (“the accounts”)
of the Company for the Year ended 31 December 2021 which are set out on pages 17 to 24.
Responsibilities and basis of report
As the charity’s trustees of the Company (who are also the directors of the Company for the
purposes of company law) you are responsible for the preparation of the accounts in
accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited for
this year under part 16 of the 2006 Act and are eligible for independent examination, I
report in respect of my examination of the charity’s accounts 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 confirm that no material matters have come to my
attention in connection with the examination which give me cause to believe that the:
-
accounting records were not kept in accordance with section 386 of the 2006 Act; or -
accounts did not accord with such records; or -
accounts do not comply with the relevant accounting requirements under section 386 of the 2006 Act other than the requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. -
the accounts have not been prepared in accordance with the Charities SORP (FRS 102) updated October 2019.
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 accounts to be reached.
Wood, Hicks & Co Ltd.
Chartered Accountants and Registered Auditors
………………………………………………………………… Units 1-2 Warrior Court
P J Sommerville ACA 9-11 Mumby Road
Gosport
26 July 2022 Hampshire PO12 1BS
14
Registered number: 01876307
GAFIRS
(Limited by Guarantee)
BALANCE SHEET
31 December 2021
Note 2021 2020
£ £
FIXED ASSETS
Tangible assets 4 363,253 410,585
————————— —————————
CURRENT ASSETS
Stocks 11,000 -
Debtors 5 9,928 12,469
Cash at bank and in hand 288,818 256,024
Short term investments 413,845 384,482
————————— —————————
723,591 652,975
CREDITORS: Amounts falling due
within one year 6 (1,680) (1,500)
————————— —————————
NET CURRENT ASSETS 721,911 651,475
————————— —————————
NET ASSETS 15 £1,085,164 £1,062,060
═════════ ═════════
REPRESENTED BY:
ACCUMULATED FUNDS 16
Unrestricted funds:
General funds 900,672 877,627
Designated funds 184,492 184,433
————————— —————————
TOTAL CHARITYFUNDS AT 31 MARCH,£1,085,164 £1,062,060
═════════ ═════════
STATEMENTS OF THE TRUSTEES
The Company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the
Year ended 31 December 2021.
The members have not required the Company to obtain an audit of its financial accounts for the Year
ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
-
(a) ensuring that the Company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006; and, -
(b) preparing financial accounts which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of the results of its charitable operations for each financial year in accordance with the requirements Section 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the Company.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act
2006 relating to small companies.
The financial accounts were approved by the
Board of Trustees and authorised for issue on
25 July 2022 and signed on its behalf by:
…………………………………………………………
Keith N Thomas
The notes on pages 17 - 24 form part of these accounts.
15
GAFIRS
(Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (incorporating an income and expenditure account)
Year ended 31 December 2021
Note 2021 2020
Unrestric- Restrict- Total Unrestric- Restrict- Total
ted funds ed funds funds ted funds ed funds funds
£ £ £ £ £ £
INCOME FROM:
Donations and legacies 7 60,606 60,606 54,226 54,226
Charitable activities 8 3,775 3,775 2,916 2,916
Other trading activities 9 42,278 42,278 45,891 45,891
Bank interest 928 928 1,185 1,185
——————— ——— ——————— ——————— ——— ———————
Total income 107,587 - 107,587 104,218 - 104,218
EXPENDITURE ON:
Charitable activities 10 100,807 100,807 133,229 133,229
Raising funds 433 433 311 311
Other 11 2,606 2,606 1,763 1,763
——————— ——— ——————— ——————— ——— ———————
Total expenditure 103,846 - 103,846 135,303 - 135,303
——————— ——— ——————— ——————— ——— ———————
Net movement before gains/
(losses) on investmnents
And transfers 3,741 3,741 (31,085) (31,085)
Net gains/(losses)
on investments 19,363 - 19,393 10,894 10,894
——————— ——— ——————— ——————— ——— ———————
NET MOVEMENT IN FUNDS 23,104 - 23,104 (20,191) - (20,191)
RECONCILIATION OF FUNDS
Total funds brought
Forward 16 1,062,060 - 1,062,060 1,082,251 - 1,082,251
————————— ——— ————————— ————————— ——— —————————
TOTAL FUNDS CARRIED FORWARD £1,085,164 £ - £1,085,164 £1,062,060 £ - £1,062,060
═════════ ═══ ═════════ ═════════ ═══ ═════════
The notes on pages 17 - 24 form part of these accounts
16
GAFIRS
(Limited by Guarantee)
NOTES TO THE ACCOUNTS
Year ended 31 December 2021
NOTE 1 - LEGAL STATUS OF GAFIRS
The Charity is a company limited by guarantee and not having a share capital and is a
charity registered under the Charities Act 2011.
NOTE 2 - ACCOUNTING POLICIES
(a) Accounting framework
The financial accounts have been set out in accordance with the accounting framework
required under the:
-
Companies Act 2006 relating to small companies; and, -
Statement of Recommended Practice applicable to charities preparing accounts in accordance with FRS 102 (SORP FRS 102 updated October 2019).
There were no material departures from these standards.
(b) Basis and content of the financial accounts
The accounts have been prepared on the basis of historical cost and the accruals
concept to show a true and fair view of the Charity’s financial position and activities.
The accounts are expressed in pounds Sterling, rounded to the nearest pound and include
all the assets and liabilities under the control of the Trustees of GAFIRS.
(c) Going concern
The Trustees acknowledge that the Charity’s continuing activity is dependent upon
receiving a substantial proportion of total income from the Lifeboat Lottery. The
Charity has maintained a 2-year reserve to fund continuing activities and allow time
for other sources of income to be sought should income cease.
Based on the information available and the monetary assets and human resources available
at 31 December 2021, the Trustees believe that the Charity is a going concern and will
remain so for a period of at least one year from the date of this report.
(d) Tangible fixed assets and depreciation
Buildings, fixtures and fittings
Contains costs relating to the initial and subsequent building works performed for the
construction and outfitting of The Lifeboat Station. This building is situated on
land leased from Gosport Borough Council at a peppercorn rate.
These costs are depreciated over the shorter of the estimated useful economic life of
the assets and the lease term.
Other tangible fixed assets
All other tangible fixed assets which can be used for more than one year are capitalised
at cost. Quickly perishable assets are charged to the SOFA as incurred. Depreciation
is calculated to write off these assets over their estimated useful economic lives on
a 10% reducing balance basis.
17
GAFIRS
(Limited by Guarantee)
NOTES TO THE ACCOUNTS
Year ended 31 December 2021
NOTE 2 - ACCOUNTING POLICIES (continued)
(e) Debtors
Debtors are stated at the amounts due to the Charity at the balance sheet date.
Prepayments are recorded for the proportion of time-based expenditures attributable to
the ensuing year.
(f) Cash and cash equivalents
This caption represents the amounts held in bank current accounts and cash at the
balance sheet date together with bank deposits on less than 90 days’ notice at the
balance sheet date.
(g) Liabilities
Liabilities are recognised as soon as an outflow of economic benefit is considered
more likely than not to occur under a legal or constructive obligation committing the
Charity to pay out resources. Creditors that are current liabilities are recognised
at the settlement amount expected to be paid at the balance sheet date.
(h) Funds
Grants and donations received for non-specific purposes or general funding are
available for utilisation at the discretion of the Trustees and are dealt with through
the General Fund.
Certain designated funds have been created by the Trustees to ring-fence resources
that are not considered to be readily expendable. See Note 3.
Grants, donations and legacies received for specific projects are treated as restricted
funds for use only in connection with the specified purposes as imposed by the donor
or trust deed. Deficits on restricted funds are carried forward to the extent that
the Trustees are satisfied that future funding will cover such deficits on a last-in-
first-out basis.
(i) Income recognition
Income is brought into account when it is more likely than not that the economic
benefit will accrue to the Charity.
Grants and donations
Grants and donations (including government grants) received without pre-conditions
attached are recognised on receipt. Gifts subject to performance-related or other
conditions are recognised when such conditions are fulfilled and all the donors
associated requirements concerning them have been complied with.
Gift Aid
Tax refunds receivable under gift aid arrangements are recognised by reference to the
date of the related gift. Gift aid recoverable on donations to trust and special funds
is included in the fund to which the gifts relate.
Legacies
Incoming resources from legacies are recognised when there is reasonable certainty
that the legacy will be received and the value can be reliably measured.
Investment income
Interest receivable and gains on investments are recognised in the year in which it is
earned.
18
GAFIRS
(Limited by Guarantee)
NOTES TO THE ACCOUNTS
Year ended 31 December 2021
NOTE 2 - ACCOUNTING POLICIES (continued)
(i) Income recognition(continued)Gifts in kind and intangible income
Gifts of tangible fixed assets for the Charity's use are recognised as incoming
resources on the basis of their actual or estimated value, including VAT where
appropriate, at the time the gift is made.
The value of volunteer time is not recognised in the financial statements since there
is no measurable cost for their services.
Donated services are recognised as incoming resources insofar as another party is
bearing the financial cost of the resources supplied and the benefit is quantifiable
and measurable. An equivalent cost is recorded under the appropriate expenditure
caption in the Statement of Financial Activities.
Other income
Individual amounts classified as other income are disclosed separately if they are
considered to be material.
(j) Expenditure
Expenditure is recognised when a liability is incurred or a constructive obligation
arises that results in payment being unavoidable or a commitment to pay that is intended
to be acted upon.
(k) Value added tax (VAT)
The Charity is not registered for VAT but does claim a refund of VAT as a Qualifying
Charity under sections 33C and 33D of the VAT Act 1994. Any input VAT refunded is
allocated against the expense to which it relates. An amount for VAT refundable is
included within debtors.
(l) Allocation and analysis of charitable support and administrative charges
All central costs for charitable support and administration are met from general funds.
(m) Corporation tax
The Charity is exempted by HM Revenue & Customs from liability to corporation tax on
its operating surpluses and investment income whilst it pursues its charitable
objectives.
(n) Stock
Stock is recognised for the value of medical supplies which will be used by the charity
in providing its services to the public. Stock is valued at the lower of cost and net
realisable value.
NOTE 3 – NATURE AND PURPOSE OF FUNDS
Designated funds
Funds have been designated by the Trustees to ring-fence resources to meet the identified
needs and risks to which the Charity is susceptible. The only designated fund is the
general improvements fund which is used to maintain buildings, and purchase as well as
maintain equipment held by the Charity.
Restricted funds
The Charity has no restricted funds.
19
GAFIRS
(Limited by Guarantee)
NOTES TO THE ACCOUNTS
Year ended 31 December 2021
NOTE 4 – TANGIBLE FIXED ASSETS
Year ended 31 December 2021
Buildings,
fixtures &Lifeboats
fittings & equipment Carriages
££ £
Cost or valuation
Balance at 1 January 2021 332,599 457,753 27,727
Additions in the year
——————— ——————— ——————
Balance at 31 December 2021 332,599 457,753 27,727
——————— ——————— ——————
Depreciation and impairments
Balance at 1 January 2021 239,153 205,127 24,591
Charge for year 15,618 25,263 313
——————— ——————— ——————
Balance at 31 December 2021 254,771 230,390 24,904
——————— ——————— ——————
Net book value
At 31 December 2021 £77,828 £227,363 £ 2,823
═══════ ═══════ ══════
Lifeguard Tools &
canoes & office
Vehicles equipment equipment Total
££ £ £
Cost or valuation
Balance at 1 January 2021 55,804 33,653 13,126 920,662
Additions in the year
—————— —————— —————— ———————
Balance at 31 December 2021 55,804 33,653 13,126 920,662
—————— —————— —————— ———————
Depreciation and impairments
Balance at 1 January 2021 23,906 10,413 6,887 510,077
Charge for year 3,190 2,324 624 47,332
—————— —————— —————— ———————
Balance at 31 December 2021 27,096 12,737 7,511 557,409
—————— —————— —————— ———————
Net book value
At 31 December 2021 £28,708 £20,916 £5,615 £363,253
══════ ══════ ═════ ═══════
20
GAFIRS
(Limited by Guarantee)
NOTES TO THE ACCOUNTS
Year ended 31 December 2021
NOTE 4 – TANGIBLE FIXED ASSETS (Continued)
Year ended 31 December 2020
Buildings,
fixtures &Lifeboats
fittings & equipment Carriages
££ £
Cost or valuation
Balance at 1 January 2020 332,599 437,035 27,727
Additions in the year 20,718
——————— ——————— ——————
Balance at 31 December 2020 332,599 457,753 27,727
——————— ——————— ——————
Depreciation and impairments
Balance at 1 January 2020 223,535 177,537 24,242
Charge for year 15,618 27,590 349
——————— ——————— ——————
Balance at 31 December 2020 239,153 205,127 24,591
——————— ——————— ——————
Net book value
At 31 December 2020 £93,446 £252,626 £ 3,136
═══════ ═══════ ══════
Lifeguard Tools &
canoes & office
Vehicles equipment equipment Total
££ £ £
Cost or valuation
Balance at 1 January 2020 55,804 14,499 13,126 880,790
Additions in the year 19,154 39,872
—————— —————— —————— ———————
Balance at 31 December 2020 55,804 33,653 13,126 920,662
—————— —————— —————— ———————
Depreciation and impairments
Balance at 1 January 2020 20,362 8,204 6,194 460,074
Charge for year 3,544 2,209 693 50,003
—————— —————— —————— ———————
Balance at 31 December 2020 23,906 10,413 6,887 510,077
—————— —————— —————— ———————
Net book value
At 31 December 2020 £31,898 £23,240 £6,239 £410,585
══════ ══════ ═════ ═══════
NOTE 5 – DEBTORS
2021 2020
£ £
Gift aid recoverable 788 2,134
VAT refundable 5,225 5,800
Fuel duty recoverable 909 781
Prepayments 3,006 3,754
————— ——————
£9,928 £12,469
═════ ══════
21
GAFIRS
(Limited by Guarantee)
NOTES TO THE ACCOUNTS
Year ended 31 December 2021
NOTE 6 – CREDITORS: Amounts falling due within one year
2021 2020
£ £
Accrued charges £1,680 £1,500
═════ ═════
NOTE 7 – DONATIONS AND LEGACIES
2021 2020
Unrestric- Restric- Total Unrestric- Restric- Total
ted funds ted funds funds ted funds ted funds funds
£ £ £ £ £ £
Donations 60,606 60,606 34,026 34,026
Grants - - 20,200 20,200
—————— ——— —————— —————— ——— ——————
£60,606 £ - £60,606 £54,226 £ - £54,226
══════ ═══ ══════ ══════ ═══ ══════
NOTE 8 – INCOME FROM CHARITABLE ACTIVITIES
2021 2020
Unrestric- Restric- Total Unrestric- Restric- Total
ted funds ted funds funds ted funds ted funds funds
£ £ £ £ £ £
Membership 1,883 1,883 2,523 2,523
Swimming pool 1,072 1,072 393 393
Sales 820 820 - -
————— ——— ————— ————— ——— —————
£3,775 £ - £3,775 £2,916 £ - £2,916
═════ ═══ ═════ ═════ ═══ ═════
NOTE 9 – INCOME FROM OTHER TRADING ACTIVITIES
2021 2020
Unrestric- Restric- Total Unrestric- Restric- Total
ted funds ted funds funds ted funds ted funds funds
£ £ £ £ £ £
Fundraising 261 261 -
Lottery 42,017 42,017 45,891 45,891
—————— ——— —————— —————— ——— ——————
£42,278 £ - £42,278 £45,891 £ - £45,891
══════ ═══ ══════ ══════ ═══ ══════
22
GAFIRS
(Limited by Guarantee)
NOTES TO THE ACCOUNTS
Year ended 31 December 2021
NOTE 10 – EXPENDITURE ON CHARITABLE ACTIVITIES
2021 2020
Unrestric- Restric- Total Unrestric- Restric- Total
ted funds ted funds funds ted funds ted funds funds
£ £ £ £ £ £
Swimming pool hire 1,572 1,572 324 324
Medical equipment 4,042 4,042 1,936 1,936
Medical equipment stock
Adjustment (11,000) (11,000) -
Equipment repair and
maintenance and running 22,599 22,599 44,857 44,857
Vehicle repair and
maintenance 7,167 7,167 9,856 9,856
Vehicle fuel 6,558 6,558 4,312 4,312
Building repairs 5,602 5,602 9,863 9,863
Building rent and utilities 3,231 3,231 1,059 1,059
Insurance 3,872 3,872 4,377 4,377
Advertising 50 50 -
Computer consumables
and software 507 507 498 498
Website 385 385 301 301
Printing, postage and
stationery 146 146 746 746
Telephone and internet 1,076 1,076 1,078 1,078
Other equipment expensed 1,390 1,390 -
Uniform 4,292 4,292 2,599 2,599
Training 1,986 1,986 1,303 1,303
Depreciation 47,332 47,332 50,003 50,003
Subscriptions - 117 117
——————— ——— ——————— ——————— ——— ———————
£100,807 £ - £100,807 £133,229 £ - £133,229
═══════ ═══ ═══════ ═══════ ═══ ═══════
NOTE 11 – OTHER EXPENDITURE
2021 2020
Unrestric- Restric- Total Unrestric- Restric- Total
ted funds ted funds funds ted funds ted funds funds
£ £ £ £ £ £
Bank charges 229 229 228 228
Independent examiner’s fee 1,465 1,465 1,500 1,500
Legal fees 641 641 -
Rent 158 158 -
Miscellaneous 113113 35 35
————— ——— ————— ————— ——— —————
£2,606 £ - £2,606 £1,763 £ - £1,763
═════ ═══ ═════ ═════ ═══ ═════
NOTE 12 – STAFF COSTS
Average number of persons employed under contracts of service during the year was: nil
(2020: nil).
NOTE 13 – RELATED PARTY TRANSACTIONS
The Charity did not engage in any transactions with related parties during the year.
23
GAFIRS
(Limited by Guarantee)
NOTES TO THE ACCOUNTS
Year ended 31 December 2021
Note 14 – TRUSTEES REMUNERATION AND EXPENSES
No trustees, nor anyone connected with them, received any remuneration in connection with
their services as trustees of the Charity during the year.
No trustee expenses were incurred.
The Trustees control and manage the Charity and make all strategic decisions in relation
to its activities.
NOTE 15 – ANALYSIS OF NET ASSETS BETWEEN FUNDS
2021 2020
Net Net
Fixed current Net Fixed current Net
assets assets assets assets assets assets
£ £ £ £ £ £
Unrestricted
General fund 363,253 537,419 900,672 410,585 467,042 877,627
Designated funds:
- General improvements 184,492 184,492 184,433 184,433
——————— ——————— ————————— ——————— ——————— —————————
ACCUMULATED FUNDS £363,253 £721,911 £1,085,164 £410,585 £651,475 £1,062,060
═══════ ═══════ ═════════ ═══════ ═══════ ═════════
NOTE 16 – ACCUMULATED FUNDS
Movement in Year ended 31 December 2021
Balances Gains Balances |
|
|---|---|
brought Incoming Resources and carried |
|
forward resources expended Transfers losses forward |
|
£ £ £ £ £ £ |
|
Unrestricted |
|
General fund |
877,627 107,528 (103,846) 19,363 900,672 |
————————— ——————— ——————— —————— —————— ————————— |
|
Designated funds: |
|
General improvements |
184,433 59 184,492 |
————————— ——————— ——————— —————— —————— ————————— |
|
£1,062,060 £107,587 £(103,846) £ - £19,363 £1,085,164 |
|
═════════ ═══════ ═══════ ══════ ══════ ═════════ |
|
Movement in Year ended 31 December 2020 |
|
Balances Gains Balances |
|
brought Incoming Resources and carried |
|
forward resources expended Transfers losses forward |
|
£ £ £ £ £ £ |
|
Unrestricted |
|
General fund |
898,166 103,870 (135,303) 10,894 877,627 |
————————— ——————— ——————— —————— —————— ————————— |
|
Designated funds: |
|
General improvements |
184,085 348 184,433 |
————————— ——————— ——————— —————— —————— ————————— |
|
£1,082,251 £104,218 £(135,303) £ - £10,894 £1,062,060 |
|
═════════ ═══════ ═══════ ══════ ══════ ═════════ |
24