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2024-12-31-accounts

GAFIRS

(Limited by Guarantee)

Directors’ Annual Report

and

Financial Accounts

31[st] December 2024

Company registration number: 01876307 Charity registration number: 1159681

GAFIRS

(Limited by Guarantee)

Contents

Contents
Year ended 31stDecember 2024
Page
The Charity, trustees, and professional advisors 3
Trustees’ annual report 4 - 14
Independent examiner’s report 16
Financial accounts:
- Balance sheet 17
- Statement of Financial Actvites 20
(incorporatng an income and expenditure account)
- Notes to the accounts 21 - 29

2

GAFIRS

(Limited by Guarantee)

THE CHARITY, TRUSTEES AND PROFESSIONAL ADVISERS

Year ended 31[st] December 2024

The Charity

Registered name : GAFIRS Legal status : Private company limited by guarantee Registered address : GAFIRS, Lifeboat Lane, Stokes Bay, 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 : www.gafirs.org.uk E-mail : finance.director@gafirs.org.uk

NON-ELECTED OFFICERS

Patron : Surgeon Rear Admiral Lionel John Jarvis, CBE KStJ DL MB BS FRCR MRCS LRCP Joint Presidents : The Mayor of Gosport and the Mayor of Fareham Vice President : John Lee

ELECTED DIRECTORS DURING YEAR

Chair : Joanne Young Community Director : Thomas Clark Engineering Director : Edward Kersey (Resigned 18[th] March 2024) : Lewis Archibald (Appointed 17[th] May 2024) Finance Director : Owen Sargant Operations Director : Andrew Barber (Resigned 17[th] May 2024) : Mike Allen (Appointed 17[th] May 2024, resigned 17[th] November 2024) Personnel Director : Kelly O’Neill Secretary : Keith N Thomas (Resigned 8th September 2024) PROFESSIONAL ADVISERS Principal bankers : Barclays plc, 67/69 West St, Fareham, Hampshire, PO16 0AT Independent examiner : ALP Accountancy Ltd 19 Beaufort Close, Lee-On-The-Solent, Hampshire, PO13 8FN

3

GAFIRS

(Limited by Guarantee)

DIRECTORS’ ANNUAL REPORT

Year ended 31[st] December 2024

The Directors submit their annual report and statement of accounts of GAFIRS (the Charity) as at and for the Year ending 31[st] December 2024 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 Premier 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.

GAFIRS’ 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:

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)

DIRECTORS’ ANNUAL REPORT (Continued) Year ended 31[st] December 2024

SECTION 2 – ACHIEVEMENTS AND PERFORMANCE

Summary for the year

GAFIRS remained financially sound and operationally effective in 2024 and during the year:

Search and rescue activity

Our key search and rescue statistics for 2024 are:

For Coastguard (CG) incidents only:

Time distribution for all incidents (Duty Day and paged):

Our 97 incidents include 20 for distressed persons in the water, threatening to enter the water or thought to be in the water.

Gosport Lifeboat was tasked or used for 76 incidents and Gosport Inshore Lifeboat for 18 , with both boats being used at 5 incidents.

Overall service availability (a minimum of one boat declared available to Coastguard against their requirement for 24/7 SAR Ops capability to be provided collectively by all DFs):

5

GAFIRS

(Limited by Guarantee)

DIRECTORS’ ANNUAL REPORT (Continued) Year ended 31[st] December 2024

SAR taskings and incidents of note.

We made an above average start to the year, with our busiest January and February combined total of incidents, 11, over the last 10 years. These 11 incidents include one in January to assist with a suspected fire on an Isle of Wight ferry and, sadly, one in February to assist with the recovery of a deceased person.

March was slightly above average with 7 incidents but included an early and quiet Easter. April and May were both below average with 13 incidents. The April incidents included two to assist with the evacuation and pumping out of houses following the floods in Alverstoke village. The May incidents included one to rescue a person in the water who was life-at-risk.

June and July were slightly busier than usual with a total of 34 incidents, including one in July to rescue a distressed person in the water who was life-at-risk.

As usual, August was our busiest month with 19 incidents, including one to rescue two people who were life-at-risk on a vessel aground on rocks and one as part of a major search operation for a missing swimmer.

September, with 9 incidents, was in line with our 10-year average, with October below average with just 1 incident.

November started with 2 incidents in the first 5 days, with our final incident of the year occurring in midNovember to assist a life-at-risk person with breathing difficulties ashore close to our station. This was the first year since 2018 with us having no incidents in December.

This chart, taken from our D4H management system, shows the location of our 97 incidents in 2024.

June saw us asked to attend the D-Day memorial events off Southsea, Portsmouth. We were asked to provide safety cover with the Lifeboat during the daytime and evening events. This was requested by HM Coastguard and MOD Police. We were also asked to provide first aid cover to a memorial event at the Canadian D-Day memorial on Stokes Bay Beach. Members gave 426 hours of their time for these events alone.

6

GAFIRS

(Limited by Guarantee)

DIRECTORS’ ANNUAL REPORT (Continued) Year ended 31[st] December 2024

D-Day Memorial Lantern event, 6[th] June 2024

SECTION 3 – GAFIRS IN THE COMMUNITY

Our performance against our objective of providing education for the public in all aspects of water safety:

Clipper Round the World Yacht Race Homecoming – 26[th] - 28[th] July 2024

7

GAFIRS

(Limited by Guarantee)

DIRECTORS’ ANNUAL REPORT (Continued) Year ended 31[st] December 2024

GAFIRS Emergency Services Day, 21[st] July 2024

Apart from running our own very successful New Year’s Day Dip and Emergency Services Day, we also attended fundraising and educational events including Gosport Marine Festival, St Vincent College’s Summer Festival, HMS Collingwood, Kings Group Academy Bay House Community Activity Day, HMS Sultan Families Day, Daedalus 80, Alverstoke Michaelmas Fayre, Elson School Fete and the Clipper Round The World Yacht Race homecoming.

Gosport Marine Festival – 18[th] May 2024

8

GAFIRS

(Limited by Guarantee)

DIRECTORS’ ANNUAL REPORT (Continued) Year ended 31[st] December 2024

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 unpaid volunteers who receive no remuneration or expenses for routine training, support, or operational activities, including attendance at emergency callouts. Our members may be reimbursed for expenditure incurred on exceptional actives, such as travelling outside the local area on GAFIRS business. Our 61 active members gave 9,813 hours of service this year. Of the 61 members, these include boat crew, shore, and cadets. In 2024, 15 members were awarded the Kings Coronation Medal. One cadet was awarded the Young Citizen of Gosport award, and 15 members were awarded with RLSS Honours and Merit Awards.

Members receiving the King’s Coronation Medals from the Mayors of Gosport and Fareham

Platforms: 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. 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.

Property: our station remains in good condition.

Pounds: full details can be found in the Financial Review, below, produced by our Finance Director. Some key points to highlight are:

9

GAFIRS

(Limited by Guarantee)

DIRECTORS’ ANNUAL REPORT (Continued) Year ended 31[st] December 2024

It is impossible to acknowledge here all our kind supporters, large and small, but we thank them all, including the following listed in alphabetic order:

Alan Davis Gretta Gibbs Ms A M Marshall Alver Valley Garden Centre Grove Road Senior Citizens Social Old House at Home Club Anglesey Hotel Hardway Sailing Club Pal Hayn Ann Beach Homeport Housing Group Peter Norman Boatfolk J Goodchild Philip Hiscock Bridgemary WI Joan Short Port Solent Yacht Club C Brown John Martyn Portchester Sailing Club C Newman John Smith Portsmouth Canoe Club Cathy Wilson John Turnball Portsmouth Harbour Cruising Club Churchers Solicitors Joseph William Jackson Premier Marinas Gosport D Grimsdale Just Friends Pyramid Trading D Martyn K Abbas Ramage Archibald Darren Greenfield Kamran Abbasi Richard Earle Dave Phipps Kim Mitch Royal Clarence Marina Residents Association David Atkinson Locksheath Wives Sheila Thomas Deborah Fitzgeorge Lord Nelson Lodge No 3884 Solent Powerboat Club Eastney Cruising Association M Spencer St Vincent Masonic Lodge Elson Infant School Fate M Tong Stamshaw Lake Angling Club Fareham & Meon Rotary Club Margaret Wonham Stoke Road ROAB Club Fareham HASSRA Michael Courtney Stoke Road Methodist Church Five Alls Public House Mike Courtney Stoke Road Sisters Fleetlands Civil Service Club Mr A F Lewis Stubbington Stich & knit Freemantle Solicitors Mr Daniel Reechie Suzanne Waller G Ricketts Mr John Carlton The Creek Gosport 545 Runners Mr M Rees The Kier Foundation Gosport Angling Club Mr P A Sankey The Travelin' Shedders Gosport Cruising Club Mr P Stray Three Tuns Public House Gosport Masonic Lodge Mrs L A Hollingdale Ultra Gosport NCI Mrs Pamela Oddy Youboat Gosport Rotary Club Mrs S Solley Young at Heart St Columbia's URC Gosport URC St Columbia Mrs Sue West

All our search and rescue work and sea-safety talks are made possible by the generosity of our kind supporters.

10

GAFIRS

(Limited by Guarantee)

DIRECTORS’ ANNUAL REPORT (Continued) Year ended 31[st] December 2024

Cheque Presentation from The Travllin’ Shedders - 21[st] January 2024

SECTION 5 – GAFIRS CONTINUOUS IMPROVEMENT

In our report last year, we aimed to:

  1. Develop and improve our training processes to achieve the following aspirations:

  2. Increase our number of boat crew members.

  3. Increase our number of ILB Helms and Lifeboat Coxswains.

  4. Increase our number of shore crew and supporters such as fundraisers.

  5. Expand the delivery of our recently introduced basic first-aid courses for the local community. 3. Increase our Cadet members’ involvement within the Service.

Against the above objectives we have:

  1. Unfortunately, our qualified boat crew decreased by two over the year with our number of coxswains decreasing by one. We increased the number of ILB Helms by 1 and commenced training with 4 others. We also increased shore crew numbers.

  2. We continued to deliver CPR/AED training courses. This was done through running 6 courses (the same amount as 2023) to 49 people (compared to 45 people in 2023).

  3. Our Cadet members were much more involved. They attended fundraising events and were involved with the pilot scheme for the RLSS Elementary Crew Award and RLSS Crew Award using a small RIB. This has resulted in GAFIRS placing an order for an Arancia to continue the Cadet’s involvement. This will be put into service in 2025.

11

GAFIRS

(Limited by Guarantee)

DIRECTORS’ ANNUAL REPORT (Continued) Year ended 31[st] December 2024

GAFIRS in 2025

In the coming year we aim to:

  1. Increase number of LB Coxswains and ILB Helms

  2. Increase number of operational members

  3. Attempt to return to 24/7 service with HM Coastguard

SECTION 6 – STRUCTURE, GOVERNANCE AND MANAGEMENT

GAFIRS operates under Articles of Association as amended by special written resolutions on the 14th of 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: Chair, Secretary, Finance Director, Personnel Director, Engineering Director, Operations Director, Community Director and, optionally, 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 2024 our Board of Directors met 12 times, fully discharging the supervisory requirements placed on them by our Articles of Association.

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:

12

GAFIRS

(Limited by Guarantee)

 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.

DIRECTORS’ ANNUAL REPORT (Continued) Year ended 31[st] December 2024

 The Community Director may authorise:

 Equipment or services up to the value of £100 to facilitate the continuation of Community and Fundraising 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 fundraising and community events.

  2. A long-term decline in active/capable membership, including members in key leadership posts, 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.

  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.

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

13

GAFIRS

(Limited by Guarantee)

The total funds held by the Charity at the end of 2024 amounted to £1,007,827. This is split between our Fixed Assets (Lifeboats and Equipment) of £309,310 (depreciation not taken into account) and our Net Current Assets of £698,517 (including cash at bank of £168,961).

DIRECTORS’ ANNUAL REPORT (Continued) Year ended 31[st] December 2024

SECTION 9 – SMALL COMPANY PROVISIONS

The Directors’ Annual Report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

By order of the Board of Directors.

Owen Sargant, Finance Director.

14

GAFIRS

(Limited by Guarantee)

GAFIRS

(Limited by Guarantee)

TRUSTEES' ANNUAL REPORT (Continued)

Year ended 31 December 2024

By order of the Trustees,

……………………………………………………………. ………………………………………… Owen Sargant Date

The Board of Trustees GAFIRS Boat House

Lifeboat Lane

Alverstoke Gosport Hampshire PO12 2TR

15

GAFIRS

(Limited by Guarantee)

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 2024

I report to the charity trustees on my examination of the financial accounts (“the accounts”) of the Company for the Year ended 31 December 2024 which are set out on pages 17 to 34.

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:

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.

Registered number: 01876307

16

GAFIRS

(Limited by Guarantee)

BALANCE SHEET

31 December 2024

Notes
FIXED ASSETS
Tangible assets
4
CURRENT ASSETS
Stocks
Debtors
5
Cash at bank and in hand
CREDITORS: Amounts falling due within one year
6
NET CURRENT ASSETS
NET ASSETS
15
REPRESENTED BY:
ACCUMULATED FUNDS
16
Unrestricted funds:
General funds
Designated funds
TOTAL CHARITY FUNDS AT 31st December 2024		 2024
309310
16238
520023
168962
705223
-6706
698517
100782
7
823335
184492
100782
7		 2023
324247
16129
389595
246710
652434
-2973
649461
973708
789215
184492
973707

17

GAFIRS

(Limited by Guarantee)

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 2024.

The members have not required the Company to obtain an audit of its financial accounts for the Year ended 31 December 2024 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 20[th] April 2024 and signed on its behalf by:

……………………………………………

Owen Sargant

The notes on pages 20 - 34 form part of these accounts.

18

GAFIRS

(Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES

(Incorporating an income and expenditure account)

Year ended 31 December 2024

Not
e 2024 2023
Restrict
Unrestric- Restrict- Total Unrestric- - Total
ed
ted funds ed funds funds ted funds funds funds
£ £ £ £ £ £
INCOME FROM:
Grants and subsidies
received 2000 2000
Donatons and legacies 7 81058 81058 73367 73367
Charitable actvites 8 1819 1819 4292 4292
Other trading actvites 9 35952 35952 33109 33109
Bank interest 2327 2327 1598 1598
Total income 123156 123156 112366 112366
EXPENDITURE ON:
Charitable actvites 10 103,087 103,087 132618 132618
Raising funds 1413 1413 1319 1319
Other 11 1918 1918 3249 3249
Total expenditure 106,418 106,418 137186 137186
Net movement before
gains/
(losses) on investments
And transfers 16738 16738 -24820 -24820
Net gains/(losses)
on tangible assets 0 0 -9115 -9115
Net gains/(losses)
on investments 17382 17382 31950 31950
NET MOVEMENT IN FUNDS 34120 34120 -1985 -1985
RECONCILIATION OF FUNDS
Total funds brought
Forward 16 973708 973708 975692 975692
TOTAL FUNDS CARRIED FORWARD 1007828 1007828 973708 973708

19

GAFIRS

(Limited by Guarantee)

NOTES TO THE ACCOUNTS

Year ended 31 December 2024

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:

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 2024, 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, fxtures and ftngs

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.

20

GAFIRS

(Limited by Guarantee)

Other tangible fxed 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.

NOTES TO THE ACCOUNTS

Year ended 31 December 2024

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.

21

GAFIRS

(Limited by Guarantee)

NOTES TO THE ACCOUNTS

Year ended 31 December 2024

NOTE 2 - ACCOUNTING POLICIES (continued)

(I)Income recognition

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.

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)

22

GAFIRS

(Limited by Guarantee)

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.

NOTES TO THE ACCOUNTS

Year ended 31 December 2024

NOTE 2 - ACCOUNTING POLICIES (continued)

(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

NOTE 4 – TANGIBLE FIXED ASSETS

Year ended 31 December 2024

L L and
&
P roperty
Freehold P lant
&		 Motor Fi tures
x
&		 Computer Total
Machinery ehicles
V		 Fittings
Cost or aluation
v		 £ £ £ £ E i
£		 t
A s at anuary 2024
1 J		 2
2
77 7		 457753 59185 33 2
599		 46779 9 24,04 3
A dditions - 17193 - - 4 0
9		 17683
A s at
ecem er 2024
31 D
b		 2
2
77 7		 4 4 4
7 9 6		 59185 33 2
599		 4 2
7		 69 4
9 17		 2
6
epreciation Impair
D
A s at anuary 2024
1 J		 2 440
5		 273589 23 5919 269559 2 2
5		 89 599796

GAFIRS

(Limited by Guarantee)

ro ided during
P
v		 the period 229 0
1858		 2
53 7		 04
63		 2
0
18		 2 20
3 6
s at
ecem
A
31 D		 er 2024
b		 25669 2 2
9 169		 24
11
6		 275863 2 4
7 69		 24
63
16
et oo alue
N
B
k V
s at
ecem
A
31 D		 er 2024
b		 2058 2
18 777		 47939 56736 00
198		 0
0
3 931
s at anuary
A
1 J		 2024 2287 4
4
18 16		 2
53 66		 040
63		 2 4 0
1 9		 2424
3
7

24

GAFIRS

(Limited by Guarantee)

NOTES TO THE ACCOUNTS

Year ended 31 December 2024

NOTE 5 – DEBTORS
Gif aid recoverable
Fuel duty recoverable
VAT refundable
Prepayments		 2024
£
1532
1746
9510
-
12788		 2023
£
966
1121
8558
-
10645
NOTE 6 – CREDITORS:Amounts falling due within one year
Trade creditors
Accrued charges		 2024
£
6678
-
6678		 2023
£
2973
-
2973

NOTE 7 – DONATIONS AND LEGACIES

NOTE 7 – DONATIONS AND LEGACIES
Donatons
Grants		 2024 Total
funds
£
81058
2000
83058		 2023
Unrestric-
Restrict-
ted funds
ed
funds
£
£
81058
2000
83058		 Unrestric-
Restrict
-
ted funds
ed
funds
£
£
73367
73367		 Total
funds
£
73367
73367

NOTE 8 – INCOME FROM CHARITABLE ACTIVITIES

Membership
Swimming pool
Sales		 2024 Total
funds
£
2220
1804
15
4039		 2023
Unrestric
-
Restrict-
ted funds
ed
funds
£
£
2220
1804
15
4039		 Unrestric-
Restrict-
ted funds
ed
funds
£
£
1461
2732
99
4292		 Total
funds
£
1461
2732
99
4292

25

GAFIRS

(Limited by Guarantee)

NOTES TO THE ACCOUNTS

Year ended 31 December 2024

NOTE 9 – INCOME FROM OTHER TRADING ACTIVITIES

Fundraising
Lotery		 2024 Total
funds
£
1413
31769
33182		 2023
Unrestric-
Restrict-
ted funds
ed
funds
£
£
1413
31769
33182		 Unrestric
-
Restrict-
ted funds
ed
funds
£
£
108
33001
33109		 Total
funds
£
108
33001
33109

NOTE 10 – EXPENDITURE ON CHARITABLE ACTIVITIES

Swimming pool hire
Medical equipment
Medical equipment stock
Adjustment
Equipment repair and
maintenance and running
Vehicle repair and
maintenance
Vehicle fuel
Building repairs
Building rent and utlites
Insurance
Waste disposal
Light and heat
Computer consumables
and sofware
Website
Printng postage
and statonery
Telephone and internet
Other equipment expensed
Uniform
Training		 2024
Total
funds
£
2551
8451
-109
21778
0
5565
14901
6529
2890
0
0
164
0
424
1832
858
3968
664		 2023
Unrestric
-
Restrict-
ted funds
ed
funds
£
£
3006
7437
-676
40470
910
8581
18084
5492
3097
-433
-495
108
314
1125
1664
-301
6217
270
Unrestric-
Restrict-
ted funds
ed
funds
£
£
2551
8451
-109
21778
0
5565
14901
6529
2890
0
0
164
0
424
1832
858
3968
664		 Total
funds
£
3006
7437
-676
40470
910
8581
18084
4725
3097
-433
-495
108
314
1125
1852
3307
6217
270

26

GAFIRS

(Limited by Guarantee)

Depreciaton 32620
103087		 32620
103087		 37750
132618		 37750
125814

NOTES TO THE ACCOUNTS

Year ended 31 December 2024

NOTE 11 – OTHER EXPENDITURE

NOTE 11 – OTHER EXPENDITURE
Bank charges
Independent examiner’s fee
Legal fees
Consultancy fees
Rent
Miscellaneous		 2024 Total
funds
£
297
1432
0
0
153
-297
1585		 2023
Unrestric-
Restrict-
ted funds
ed
funds
£
£
297
1432
0
0
153
-297
1585		 Unrestric-
Restrict-
ted funds
ed funds
£
£
321
-288
1422
1924
0
-129
3249		 Total
funds
£
321
-288
1422
1924
0
-129
3249

NOTE 12 - STAFF COSTS

Average number of persons employed under contracts of service during the year was: nil (2023: nil).

NOTE 13 - RELATED PARTY TRANSACTIONS

The Charity did not engage in any transactions with related parties during the year.

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

Unrestricted
General fund
Designated funds:
General improvements		 2024 net
assets
£
789215
184492		 2023
Fixed
Current
assets
assets
£
£
358367
464968
184492
0		 Fixed
Curren
t
assets
assets
£
£
32424
7
464968
18449
0		 net
assets
£
78921
5
18449

27

GAFIRS

(Limited by Guarantee)

542859
464968
100782
7		 2
2
50873
9
464968
97370
7

28

GAFIRS

(Limited by Guarantee)

NOTES TO THE ACCOUNTS

Year ended 31 December 2024

NOTE 16 – ACCUMULATED FUNDS Movement in Year ended 31 December 2024

Balance
brought
forward
£
Unrestricted
General fund
789215
Designated funds:
General improvements
184492
973707
Movement in Year ended 31 December 2023
Balance
brought
forward
£
Unrestricted
General fund
900672
Designated funds:
General improvements
184492
1085164		 Incoming
resource
s
£
123156
0
123156
Incoming
resources		 Resource
s
expende
d
£
-106418
0
-106418
Resources
expended		 Transfer
s
£
0
0
0
Transfers
£
0
0
0		 Transfer
s
£
0
0
0
Transfers
£
0
0
0		 Gains
And
losse
s
£
1738
2
0
0
Gains
And
losses
£
6684
5
0
6684
5		 Gains
And
losse
s
£
1738
2
0
0
Gains
And
losses
£
6684
5
0
6684
5		 Balance
carried
forward
£
823335
184492
100782
7
Balance
carried
forward
£
791200
184492
975692		 Balance
carried
forward
£
823335
184492
100782
7
Balance
carried
forward
£
791200
184492
975692
Unrestricted
General fund
Designated funds:
General improvements
£
86554		 £
-129181		 £
0		 £
6684
5		 £
791200
0 0 0 0 184492
86554 -129181 0 6684
5		 975692

29