**REGISTERED CHARITY NUMBER: 1159975**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **FOR**
## **NATIONAL COASTWATCH INSTITUTION**
Lang Bennetts The Old Carriage Works Moresk Road TRURO Cornwall TR1 1DG
**NATIONAL COASTWATCH INSTITUTION**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 17|
|**Independent Examiner's Report**|18|
|**Statement of Financial Activities**|19|
|**Balance Sheet**|20 to 21|
|**Cash Flow Statement**|22|
|**Notes to the Cash Flow Statement**|23|
|**Notes to the Financial Statements**|24 to 32|
|**Detailed Statement of Financial Activities**|33 to 34|
**NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
The Trustees present their report and the unaudited accounts of the Charity for the year ended 30 September 2020.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered charity name** National Coastwatch Institution **Constituted as** Charitable Incorporated Organisation
**Governed by** NCI Constitution 25 October 2014 (updated October 2020)
**Charity registration number** 1159975
**Principal office** 17 Dean Street, Liskeard, PL14 4AB
## **The Trustees**
The Trustees who served the charity during the period were as follows:
Mr S Ashby - appointed as a Trustee (ex officio Treasurer) on 08 April 2020 Mr M Byrne Mr T Colquhoun Mr D Crozier Mr Stephen Hand - elected as a Trustee on 08 April 2020 Mr D Littlemore – retired as a Trustee on 08 April 2020 Mr C Pouncey Mr J Rothwell Mrs L Suddes Mr I Whalley
## **Independent Examiner**
Jonathan Mashen, Lang Bennetts Chartered Accountants, The Old Carriage Works, Moresk Rd, Truro, TR1 1DG.
Page 1
## **NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **EXECUTIVE SUMMARY**
On behalf of the Board of Trustees, I am pleased to report a busy and successful year in spite of the challenges posed by Covid-19 through most of 2020.
NCI stations remained open for all but two months of the year, only closing during the initial lockdown between March and May. Since then, stations have operated largely by single manned watches, adhering to rigorous health and hygiene routines.
All stations were busier than normal during the summer and autumn, recording in total 595 incidents, many of which involved people stranded, injured or at risk of drowning. Our relations with HMCG were strengthened as illustrated in the following message, received after the lockdown from a HMCG senior operator.
“On the basis that you don’t know what you’ve got until it’s gone: we really missed NCI during stations’ lockdown. Now that most of your stations are back online, we doubly appreciate what NCI does for us and thank you all very much”.
Social restrictions due to Covid-19 made recruiting, training and fundraising challenging but stations devised new ways of working with more on-line activity. The Charity’s IT capabilities developed rapidly as management meetings, PR and communications relied on electronic means. The 2020 AGM was conducted remotely with e-voting, and the annual Station Managers’ meeting by video-conference - incorporating some 70 Managers and Officers.
Our Royal Patron, Her Royal Highness The Princess Royal provided highly valued support, attending the 2019 Station Managers’ Meeting, a sponsors’ Reception at Trinity House early in 2020, and visiting NCI Newhaven in September, meeting many watchkeepers and supporters in a socially distanced way. The event proved a real highlight for the station and generated excellent publicity for the Charity.
Thanks to robust reserves, our finances have remained healthy and we anticipate that we are well placed to weather further uncertainties in the coming year.
We began 2021 with 55 operational stations plus one under development at Atlantic College in south Wales. Regrettably late in 2020 we had to withdraw our transportable unit from Aberystwyth because staffing levels had become unsustainable.
Watchkeeper numbers hovered around 2600 for most of the year with a significant number of trainee members. Our new station programme was paused but we completed major refurbishment works to the lookouts at St Albans Head, Nare Point and Southend.
Looking ahead, we are planning for a return to more normal operations once restrictions ease, with a strong focus on boosting training and fundraising. For the longer term, the Board of Trustees, is engaged in a strategy project to consider NCI development over the next five years, with a view to publishing a new business plan later in 2021. In this project, we are fortunate to have the support of a volunteer consultant from the Cranfield Trust.
## **OBJECTIVE AND ACTIVITIES**
## **Objective**
The Charity objective is to assist in the protection and preservation of life at sea and around the UK coastline.
Page 2
**NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **Vision**
Our vision is to maintain our professional watchkeeping standards while developing NCI into a truly National Organisation, universally recognised as the foremost provider of Voluntary Coastwatch Services to the UK Search and Rescue Organisation.
NCI Bass Point at sunrise
## **Activities**
The volunteers of the National Coastwatch Institution (NCI) provide Eyes, Ears and Voices around the Coast. We aim to keep a visual and listening watch around the coast in daylight hours, every day of the year to:
- ‘spot’ accidents, incidents and vulnerable people or vessels
- ‘plot’ the location
- ‘report’ the details to HMCG or other emergency services
- ‘respond’ with further assistance as required by HMCG
NCI is part of the UK National Search and Rescue Organisation, providing support to the frontline services. We help coastal users to be safe and stay safe, providing information about local conditions and facilities - in person, via the radio or by telephone.
## **Public Benefit**
In managing the activities of the Charity, the trustees confirm that they have complied with their duty to have due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.
Page 3
**NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
**FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **Development and Business Plan**
The NCI Direction and Five Year Business Plan, launched in May 2017, provided focus for development through the year and is now being updated to embrace NCI’s development plans for 2021–2026.
In total £115K was allocated to development during the year, £67K of which was spent within the financial year with a further £48K committed to ongoing projects.
To date, some £66K has been spent on improving stations capabilities, including routing mains power to NCI Lyme Bay, improving water and toilet facilities at NCI Nare Point and upgrading optical equipment at several stations. A further £18K funded RYA SRC radio training and assessments for newly qualified watchkeepers.
The remaining £31K is designated to refurbishment of the Lee-on-the-Solent station and installing a high quality remote camera at Hartland Point with a relay to NCI Boscastle.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Search and Rescue Support**
Nationally, NCI was involved in 595 incidents during 2020 of which 586 involved other elements of the UK Search and Rescue organisation. Incidents involved small vessels using the inshore waters, often suffering engine failures or entangled propellers, medical casualties at sea and along the coastline, stranded walkers, kayakers and kite surfers, as well as a worrying number of self-harm events.
## **Incidents**
||**2020**
**2019**
**2018**
**2017**
**2016**
**2015**
**2014**|
|---|---|
|**Total Number of Incidents**|595
638
546
493
479
373
286|
|**Incidents initiated by NCI**|319
384
323
300
283
241
181|
|**Incidents initiated by HMCG/others**|276
254
223
193
196
132
105|
|**NCI initiated Lifeboat Rescue**|240
242
225
218
102
101
75|
The following reports illustrate some of the incidents we have been involved in during the past year working with our partners in the Search and Rescue community.
Page 4
## **NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
**NCI Gwennap Head** On a sunny day in September one of a group of rock climbers was injured after slipping and falling from one of Cornwall’s ‘premier crags’. The Gwennap Head watchkeeper was able to quickly inform HMCG and a major rescue operation was launched. Coastguard Rescue Teams from Penzance, Land’s End, both Sennen lifeboats and the Coastguard Searchand-Rescue helicopter were mobilised. Eventually, the casualty was winched from the scene and airlifted to hospital. The watchkeeper finally finished his shift 2 hours after the watch should have closed....as in all NCI stations, no one clock-watches when an incident is going on.
**NCI Exmouth** A 22 year record-high in the number of water users was recorded in September, when the station recorded 2,750 vessels passing their lookout, an increase of 400 from 2019. NCI responses to potentially life-threatening incidents also reached an all-time high between May and September as watchkeepers responded to 32 incidents involving boat users, kite surfers, paddle boarders and swimmers.
**NCI Porthcawl** The NCI watckeeper was closing down the evening watch when he heard on the radio that HMCG at Milford Haven required assistance with an incident. At 2059 with only one minute to go before the end of his watch, the watchkeeper was asked to help search for a possibly suicidal person. Using the station’s powerful binoculars and CCTV camera, the watchkeeper managed to locate the casualty and provide a visual link to the Coast Guard Operations Centre at Milford Haven via the NCI stations secure website link. The incident was finally resolved at 2300 and the NCI watchkeeper was stood down.
Page 5
**NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
**NCI Stone Point** Two paddle boarders were spotted well offshore energetically paddling against the current but making no progress. The concerned volunteer watchkeeper at NCI Stone Point informed Solent Coastguard. The RNLI Calshot Lifeboat was tasked to assist as the boarders were being swept increasing rapidly away from their return point. The lifeboat crew called Stone Point by radio and were directed to the position of the casualties who were relieved to receive a ride back to shore in the lifeboat. These were experienced paddle boarders, but they hadn't allowed for the strength of the current on the large spring tide.
## Vessels Identified and Logged
|||**2020***|**2019**|**2018**|**2017**|**2016**|**2015**|**2014**||
|---|---|---|---|---|---|---|---|---|---|
||**Commercial Vessels**|137,374|205,860|223,486|
230,790|
200,201|
184,975|
157,493||
|||||||||||
||**Leisure Vessels**|256,007|330,949|340,359|
308,168|
209,656|
195,014|
280,158||
|||||||||||
||**Military & Auxiliaries**|4,752|6,919|6,048|6,713|6,587|6,667|7,200||
|||||||||||
||**Harbour Vessels etc.**|17, 882|26,500|26,698|20,391|19,001|19,819|16,447||
|||||||||||
* All stations closed for 2 months for during March-May Covid-19 lockdown.
## **STATIONS**
Most new station development was paused in 2020 because of government Covid-19 restrictions. However, in 2019 an exciting opportunity arose in south Wales to develop a new station in collaboration with the United World College - Atlantic College. This is an international sixth form college based at St Donat's Bay in the Vale of Glamorgan. It is expected that the station will be open for operations later in 2021, involving NCI volunteers with staff and students of the College in watchkeeping as well as the full range of NCI support activities.
Major refurbishments have taken place at several existing stations including a full internal refit at NCI St `.` - `.` Albans Head in Dorset, installation of running, potable water and a flushing toilet at NCI Nare Point, west Cornwall, and a complete station replacement at NCI Southend in Essex.
## **Stations Planned and Under Investigation for the Future**
|**LOCATION**|**SOLUTION**|**LOOKOUT TYPE**|**TIMING**|
|---|---|---|---|
|Hartland Point|Relayto Boscastle|Camera|2021|
|Filey|New Station|Transportable|2021|
|Brancaster|New Summer Station|Transportable|2021|
|St Donat’s|New Station|Station|2021|
|HaylingIsland|New Station|Under review|Tbd|
|Bembridge|New Station|Under Review|Tbd|
|BardseySound|Relayto Porthdinllaen|Camera|Tbd|
Page 6
## **NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
|Hunstanton||Under review|Tbd|
|---|---|---|---|
|Southwold||Under review|Tbd|
|Whitby||Under review|Tbd|
|WalneyIsland||Under review|Tbd|
## **TRAINING and STATION SUPPORT**
A significant impact of the government’s Covid-19 restrictions was the cessation of face-to-face training. Initially this slowed qualification of trainee watchkeepers and prevented continuation training for our existing members. During the year however, alternative remote training methods were devised using on-line modules, YouTube videos, regular quizzes and distanced mentors. As a result, we have been able to qualify some new watchkeepers and maintain the necessary professional standards throughout the Charity.
VHF Radio Training for new watchkeepers is now outsourced to local RYA providers and has continued when allowed within the Covid-19 rules.
**NSOs** - Early in 2020, eleven volunteer National Support Officers (NSOs) were appointed, each to provide support as needed to stations in their local area, particularly with day to day operations and station management.
**NCI Manual** A full re-write of the NCI Manual was conducted resulting in a greatly enhanced document for the guidance and support for all members. The Board of Trustees would like to thank all those involved in this very significant project and especially our sponsors who made it possible.
**HMCG and NCI Mutual Training Activities** – We have continued to provide on-line training modules to HM Coastguard officers, explaining the functions and capabilities of NCI.
## **COMMUNITY BENEFIT**
In addition to our primary objective “to protect and preserve life at sea and around the UK coastline”, NCI continues to benefit the wider community in a number of ways:
Page 7
## **NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
NCI has an ongoing role in assisting other agencies including the Police and Local Authorities by alerting them to visible suspicious activity along the coastline. We regularly conduct visual searches for stolen craft and missing persons, as well as highlight environmental incidents.
By helping to improve safety around the coast, NCI encourages increased use of inshore coastal facilities and community participation. Local businesses and councils see us as a major contributor to safety, providing benefit where they offer leisure facilities and venues.
Our watchkeepers are all volunteers, recruited from many walks of life, with an interest in protecting and preserving life at sea and around the coast. A significant number are retired, some work full or part time, others are unemployed. A proportion of our members have a maritime background, but many do not. When volunteers join us, we provide all the training required to ensure watchkeepers are both competent and confident. NCI also provides a focus for watchkeepers by promoting a sense of teamworking and community spirit.
“When people ask me what the NCI does, I tell them that they do three things. They save lives, they enrich lives and they add resilience to their communities as part of the search and rescue community. Thank you as a member of the public. Thank you for what you do on a day to day basis.” Air Marshall Sir Christopher Coville (NCI Patron)
## **CORPORATE COMMUNICATIONS**
Corporate communications and public relations remain vital to raising awareness of the NCI’s work, attracting recruits, support and funding.
Face to face communications and events were curtailed by the Covid-19 restrictions for much of 2020. Consequently, stations put even more emphasis on the opportunities to raise funds on-line and by individual sponsored challenges, to attract local donations and grants.
Unfortunately, the Covid-19 restrictions also forced the cancellation of the national and regional boatshows, county shows and larger local events which the NCI normally attends. The loss of promotion at the 10-day Southampton International Boat Show held in September each year, was a particular disappointment. However, press coverage of our activities, events and newsworthy incidents, continued at national and local level via nautical magazines, regional TV and
radio, and through social media.
The National Facebook and Twitter pages have continued to attract more followers, due to an active campaign to increase awareness of the charity. At the same time, the internal news Robust pages of the NCI website and regular newsletters were vital tools for keeping in touch with all members and especially those restricted or isolated by Covid-19.
We were delighted that our Royal Patron, Her Royal Highness, The Princess Royal, was able to join us for our 2019 annual Station Managers’ meeting held at the Victory Services Club in London, before the Covid-19 pandemic took hold. The Princess received regional briefs from groups of Station Managers and National Officers, each describing their role in NCI and facets of their station.
This was closely followed by a sponsors’ reception at Trinity House in January, where Her Royal Highness along with Patron, Dame Katherine Grainger, provided exceptional support in promoting the Charity.
Page 8
## **NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
**NCI Newhaven.** In September 2020, The Princess was able to make a socially distance visit to NCI Newhaven to help mark the 15th anniversary of the founding of the station. The event had been postponed twice previously for reasons beyond the Princess’s control so her visit on a perfect sunny day was ‘trebly’ welcome. After touring the watchstation, HRH met and spoke with the assembled watchkeepers and supporters, presented long service awards and unveiled an anniversary plaque.
## **FUNDRAISING**
Along with many charities, NCI’s fundraising activities have taken a significant hit over the past 12 months due to Covid-19. While the NCI service has been maintained, our major source of income, the great British public, has been inaccessible. Without this connection the level of fundraising by stations reduced as many planned events were cancelled or postponed. Given the circumstances it is remarkable that fundraising by stations totalled £362K during the year.
Station collections were greatly boosted by provision of new contactless payment cards to each station, enabling donations in an increasingly cashless society. Most of our direct funding is project based and any new or planned projects were delayed due to the pandemic. Pre-funded projects have progressed well while others in development are moving forward.
Page 9
## **NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
We are most grateful for the ongoing support of our sponsors. At the same time, we are aware that funders whose income sources have slowed, have moderated or deferred donations.
At present options for general fundraising remain limited as access to the public is key to success. However, by adopting a spirited approach to our funding activities we are creating and spotting opportunities.
We anticipate that street, event and venue collections will need to be enhanced in the future by embracing technology and improving our profile on social media. At the same time, we are actively seeking sponsorships and local grants for future events, exhibitions and displays. Stations continue to be proactive and agile and their successes, in the most difficult circumstances are to be greatly applauded.
## **OUR PEOPLE**
NCI is a voluntary organisation set up in 1994 to restore a visual safety watch around the UK coastline. Each station operates as an operational hub of NCI, with a degree of autonomy but conforming to national standards and ethos.
We have 55 operational stations around the coast, most of which have achieved Declared Facility Status (DFS) as part of the UK Search and Rescue (SAR) Services, agreed by the Maritime and Coastguard Agency (MCA). The stations are staffed by some 2600 volunteers who contribute thousands of hours of watchkeeping, much of which was on a singleton basis in this year because of Covid-19 restrictions. In 2020, NCI volunteers were involved in 595 reported incidents, 240 of which resulted in RNLI lifeboat rescues. This is all achieved at no cost to the public purse.
Our watchkeepers come from many different walks of life and bring with them a wide range of experience. Some 19% are women; many, but by no means all, are retired and a number have served in the armed forces or emergency services.
All volunteers provide their time as watchkeepers or supporters entirely free of charge including buying their own uniforms, travelling at their own expense to and from the stations, fund raising and training new recruits. By their very nature, our watch stations are situated in places exposed to the most severe weather conditions and it is a credit to all our watch keepers that in spite of Covid-19 and social restrictions, NCI ‘eyes along the coast’ were maintained for the vast majority of 2020. The loyalty, commitment and dependability of our volunteers is unparalleled.
Page 10
## **NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **Personnel Statistics**
|**Personnel Statistics**||||||||
|---|---|---|---|---|---|---|---|
||**2020**|**2019**|**2018**|**2017**|**2016**|**2015**|**2014**|
|**Watchkeepers**|2,332|2,419|2,132|2,093|1,997|1,865|1,839|
|**Trainees**|355|344|328|255|295|194|329|
|**Cadets**|0|0|0|7|0|0|0|
|**Others in Support roles**|62|53|63|57|48 *|221|-|
|**Ladies as % of Membership**|19|19|19|18|17|17|19|
|**More than 10 yrs Service**|341|292|248|372|229|61|128|
|**More than 15 yrs Service**|72|74|68|98|75|26|44|
|**More than 20 yrs Service**|27|23|8|29|11|1|1|
|**More than 25 yrs Service**|2|1|0|0|0|0|0|
|||||||||
*2016 marked start of central register of Supporters
## **Station Statistics**
|||**2020**|**2019**|**2018**|**2017**|**2016**|**2015**|**2014**||
|---|---|---|---|---|---|---|---|---|---|
||**No of**
**Watchstations**|56|56|54|51|51|49|49||
||**No. of DFS**|49|48|46|46|45|45|45||
||**Percentage DFS**|86|86|85|90|88|94|92||
|||||||||||
||**Total watchkeeper**
**hours**|*146,408|
280,514|
265,139|
262,408|
246,430|
240,283|
213,774||
|||||||||||
*All stations closed for 2 months during the March to May Covid-19 lockdown and were single manned thereafter to ensure safety of personnel.
Page 11
NATIONAL COASTWATCH INSTITUTION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 SEPTEMBER 2020
National Coastwatch
EYES ALONG THE COAST
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Page 12
## **NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **FINANCIAL REVIEW**
## **Overview**
As at 30[th] September 2020, the Trustees consider the financial position of the Charity to be very good, this being due to the continuing hard work of our members to raise funds. Despite the difficulties imposed by the Coronavirus pandemic, we are pleased to declare a surplus for the year of £30,370.
The table below shows that this year both the levels of income and expenditure have dropped. Although the income figure has dropped quite significantly, given that last year was exceptional, we still generated a surplus. Note also that the 2020 income still exceeds the 2018 income of £531,190. The Trustees consider these figures to represent a healthy financial position for the Charity.
|**Year ending 30th September**|**2020**|**2019**|
|---|---|---|
|Total Funds Raised by Member Stations|£362,570|£547,906|
|Total Funds Raised by Central|£75,512|£47,019|
|Total income from legacies|£104,102|£115,416|
|**Total Funds Raised**|**£542,184**|**£710,341**|
|Expenditure by Member Stations|£455,980|£445,719|
|Expenditure by Central Operations|£60,214|£119,201|
|**Total Expenditure:**|**£516,194**|**£564,920**|
|**Investment Gain**|**£4,380**|**£9,490**|
|**Surplus**|**£30,370**|**£154,911**|
|**Assets Carried Forward**|**£1,284,668**|**£1,254,298**|
There is no fund or subsidiary undertaking materially in deficit nor giving the Trustees cause for concern. In view of the above, the Trustees are confident in the Charity’s ability to continue as a going concern.
## **Development Fund**
This year, the Trustees allocated a total of £113,174 to the Development Fund from Central Reserves. As at 30[th] September 2020, in total, £64,530 was spent in Grants to stations and £48,644 remains allocated.
Allocation and spend as listed below:
|Station projects – Spent|£44,977|
|---|---|
|Station projects – Allocated|£31,220|
|Radio training|£17,655|
|Capability projects – Spent|£1,898|
|Capability projects – Allocated|£17,424|
|**Total**|**£113,174**|
Page 13
## **NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **Contingency Fund**
Under the New Financial Model (2016) a Contingency Fund of £50,000 was established to be readily available in case of emergencies and unforeseen events. This year no payments were made from the Contingency fund and £1490 was returned following the intervention of the financial ombudsman in a previous loss.
## **Station Investment Fund**
As at 1[st] October 2019 £37,752 was held within the central savings and investment accounts on behalf of 9 stations. At 30[th] September 2020 this figure had increased to £38,620. Stations received a total interest payment of £229 on 31[st] April 2020, which equated to an interest rate of 0.6%.
## **Summary of Designated Funds**
The following designated funds are held within the central portion of the unrestricted general fund:
|Station investment fund
Development fund
Contingency fund
Operating Budget fund
Central reserves|£ 38,620
£ 48,644
£ 51,490
(£24,529)
£386,126
________
£500,351|
|---|---|
## **Legacies and Donations**
In 2016/17, the Trustees were informed of a probable legacy of £50,000 to the benefit of NCI. However, due to uncertainty of NCI as a beneficiary and the fact that probate has not yet been granted, this has not been included in the Statutory Statement of Accounts.
In 2019/20 £15,000 was received from the estate of the late Judi Gifford. The residuary estate due to NCI has been conservatively estimated at £36,489 in these accounts.
In 2019/20 £32,034 was received from the estate of the late Patrick Yorke.
In 2019/20 we were informed of a legacy to the NCI of £30,000 from the estate of the late Andrew Greig. This has been included in these accounts
In 2019/20 £600 was received in memory of the late Ann Higgs.
In December 2019 we were informed of a legacy from the estate of the late Charles Witt. The value is now known to be £1,414.07
In 2019/20, the following donations in excess of £5000 were received:
Trinity House
£5,455
Page 14
## **NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **VAT**
With effect from 1[st] April 2015, qualifying charities as defined by section 33D of the VAT Act 1994 are able to reclaim VAT charged on non-business supplies and services.
At 30[th] September 2020 NCI has successfully reclaimed £224,195 in VAT.
## **Reserves Policy**
In November 2016, the Trustees established an investment fund of £250,000, invested with Rathbones Investment Management. Based on projections on income and expenditure, it was envisaged that the investment fund would be reviewed after 5 years.
The level of Central Reserves at 30[th] September 2019 was £388,693. Of this an additional £100,000 has been added to the Investment fund. It is the Trustees’ view that this review period remains appropriate. The first review will therefore be in November 2021.
The Trustees believe that this level of Reserves is adequate to mitigate foreseeable risks and thereby secure the on-going operation of the charity in the face of adverse conditions.
## **Covid-19**
At the time of writing, the operation of the charity remains severely impacted by the Covid-19 pandemic. Due to emergency measures introduced by the government, the watchstations are limited in their operation and no fund-raising is possible. The duration and long term impact of these measures is currently unknown.
The Trustees have regularly reviewed the increased risk to the charity caused by the significantly reduced fundraising potential in 2020/21 and remain confident that our financial position and reserves policy are adequate to secure the on-going operation of the charity.
## **Treatment of Restricted Fixed Assets**
Following a recommendation from the National Treasurer supported by our accountants, the Trustees approved a change in the treatment of Restricted Fixed Assets. In future, the purchase of an asset using restricted funds will be considered to meet in full the restriction imposed on the original donation. The change is detailed below:
Before:
- Restricted funds which are used to purchase an asset such as a Telescope, create a restricted fixed asset
- Restricted fixed assets and non-restricted fixed assets are accounted separately
- Sale of a restricted fixed asset creates restricted funds that must be spent in accordance with the original restriction
- Transfer of a restricted fixed asset is difficult if that moves its use outside of the scope of the original restriction
- This policy means that our stated restricted fund holding on the balance sheet is about £92K whereas our restricted cash holding is £16K
Page 15
## **NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
After:
- The purchase of an asset with restricted funds in line with the stipulated restriction is treated as the fulfilment of the restriction
- The purchased asset is treated as an unrestricted asset
- £76K value of restricted assets will be recategorised as unrestricted
- The restricted fund holding on the balance sheet will be shown as £16K
## **Fixed Asset Limit**
It has been agreed with the accountants, in order to achieve alignment between the annual accounts and the Fixed Asset Register introduced under FM20, that future Fixed Asset additions will be limited to assets valued at £5,000 and above.
Page 16
**NATIONAL COASTWATCH INSTITUTION**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
In accordance with the NCI Constitution (October 2020):
## **Election of Trustees**
The Charity Constitution states that there should be not less than 5 nor more than 8 elected trustees; one ex officio trustee; and not more than 3 nominated or co-opted trustees. If the number of elected trustees falls below 5 the remaining trustee or trustees may act only to call a meeting of the charity trustees to appoint a new charity trustee.
## **Elected Trustees**
NCI Trustees will be elected by the member Stations at the annual general meeting and will serve a term of 3 years after which they must retire, however they may seek re-election (to a maximum of 3 terms).
Vacancies not filled at the annual general meeting, or that occur between annual general meetings, may be filled. The member Stations or the Trustees may at any time decide to appoint a new Trustee, whether in place of a Trustee who has retired or been removed. or as an additional Trustee, provided that the limit specified on the number of Trustees would not as a result be exceeded.
## **Ex Officio Trustee**
NCI’s Treasurer for the time being (‘the office holder’) shall automatically, by virtue of holding that office (‘ex officio’), be an NCI Trustee. If unwilling to act as a Trustee, the office holder may before accepting appointment as a Trustee, give notice in writing to the Trustees their unwillingness to act in that capacity or after accepting appointment as a Trustee, resign. The office of ex officio Trustee will then remain vacant until the office holder ceases to hold office.
## **Nominated Trustees**
Corporate or unincorporated bodies, agencies and other organisations (‘the appointing body’), as invited by the NCI Trustees, may each appoint one Trustee. Any appointment must be made at a meeting held according to the ordinary practice of the appointing body. Each appointment must be for a term of 3 years. Trustees so appointed have the same duty as the other NCI Trustees, to act in the way they decide, in good faith, would be most likely to further NCI’s purposes.
## **Co-opted Trustees**
NCI Trustees may at any time, also appoint other fit and proper persons as Trustees. Co-opted Trustees shall be reappointed on an annual basis following each AGM. Trustees so appointed have the same duty as the other NCI Trustees, to act in the way they decide, in good faith, would be most likely to further NCI’s purposes.
Approved by order of the Board of Trustees on …………………..and signed on its behalf by: 14 April 2021
Mrs Lesley Suddes - Chairman
Page 17
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NATIONAL COASTWATCH INSTITUTION**
## **Independent examiner's report to the trustees of National Coastwatch Institution ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2020.
## **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 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 under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your 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**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England & Wales which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts 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 accounts to be reached.
Jonathan Mashen FCA Lang Bennetts The Old Carriage Works Moresk Road TRURO Cornwall TR1 1DG
Date: ............................................. 15 April 2021
Page 18
## **NATIONAL COASTWATCH INSTITUTION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
322,098
Other trading activities
3
185,426
Investment income
4
10,502
**Total**
518,026
**EXPENDITURE ON**
Raising funds
5
51,515
**Charitable activities**
6
Operating coastal stations
453,496
**Total**
505,011
Net gains on investments
4,380
**NET INCOME**
17,395
**Transfers between funds**
17
98,215
**Net movement in funds**
115,610
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
1,153,154
**TOTAL FUNDS CARRIED FORWARD**
1,268,764|Restricted
funds
£
24,158
-
-
24,158
-
11,183
11,183
-
12,975
(98,215)
(85,240)
101,144
15,904|2020
Total
funds
£
346,256
185,426
10,502
542,184
51,515
464,679
516,194
4,380
30,370
-
30,370
1,254,298
1,284,668|2019
Total
funds
£
438,726
259,323
12,292
710,341
72,126
492,794
564,920
9,490
154,911
-
154,911
1,099,387
1,254,298|
|---|---|---|---|
The notes form part of these financial statements
Page 19
## **NATIONAL COASTWATCH INSTITUTION**
## **BALANCE SHEET 30 SEPTEMBER 2020**
|Unrestricted
funds
Notes
£
**FIXED ASSETS**
Tangible assets
12
228,738
Investments
13
361,912
590,650
**CURRENT ASSETS**
Stocks
14
13,602
Debtors
15
89,666
Cash at bank and in hand
585,850
689,118
**CREDITORS**
Amounts falling due within one year
16
(11,004)
**NET CURRENT ASSETS**
678,114
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
1,268,764
**NET ASSETS**
1,268,764
**FUNDS**
17
Unrestricted funds:
General
Designated reserve funds
Restricted funds:
Restricted premises fund
Restricted equipment fund
Station fund
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
-
-
15,904
15,904
-
15,904
15,904
15,904|2020
Total
funds
£
228,738
361,912
590,650
13,602
89,666
601,754
705,022
(11,004)
694,018
1,284,668
1,284,668
768,413
500,351
1,268,764
-
-
15,904
15,904
1,284,668|2019
Total
funds
£
189,673
273,851
463,524
9,735
32,261
752,678
794,674
(3,900)
790,774
1,254,298
1,254,298
650,447
502,707
1,153,154
66,818
16,981
17,345
101,144
1,254,298|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
Page 20
continued...
## **NATIONAL COASTWATCH INSTITUTION**
## **BALANCE SHEET - continued 30 SEPTEMBER 2020**
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 14 April 2021
............................................. Ms L Suddes - Trustee
The notes form part of these financial statements
Page 21
## **NATIONAL COASTWATCH INSTITUTION**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2020**
|2020
Notes
£
**Cash flows from operating activities**
Cash generated from operations
1
34,306
Net cash provided by operating activities
34,306
**Cash flows from investing activities**
Purchase of tangible fixed assets
(104,652)
Purchase of fixed asset investments
(135,036)
Sale of fixed asset investments
39,647
Investments cash to cash in hand
11,708
Interest received
3,103
Net cash used in investing activities
(185,230)
**Change in cash and cash equivalents**
**in the reporting period**
(150,924)
**Cash and cash equivalents at the**
**beginning of the reporting period**
752,678
**Cash and cash equivalents at the end**
**of the reporting period**
601,754|2019
£
289,415
289,415
(55,405)
(15,169)
-
-
5,323
(65,251)
224,164
528,514
752,678|
|---|---|
The notes form part of these financial statements
Page 22
## **NATIONAL COASTWATCH INSTITUTION**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES**
||**ACTIVITIES**|||||
|---|---|---|---|---|---|
|||||2020|2019|
|||||£|£|
||**Net income for the reporting period (as per the Statement of**|||||
||**Financial Activities)**|||30,370|154,911|
||**Adjustments for:**|||||
||Depreciation charges|||65,587|56,387|
||Gain on investments|||(4,380)|(9,490)|
||Interest received|||(3,103)|(5,323)|
||Increase in stocks|||(3,867)|(2,167)|
||(Increase)/decrease in debtors|||(57,405)|98,097|
||Increase/(decrease) in creditors|||7,104|(3,000)|
||**Net cash provided by operations**|||34,306|289,415|
|2.|**ANALYSIS OF CHANGES IN NET FUNDS**|||||
|||At 1/10/19||Cash flow|At 30/9/20|
||||£|£|£|
||**Net cash**|||||
||Cash at bank and in hand|752,678||(150,924)|601,754|
|||752,678||(150,924)|601,754|
||**Total**|752,678||(150,924)|601,754|
The notes form part of these financial statements
Page 23
**NATIONAL COASTWATCH INSTITUTION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Allocation and apportionment of costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - at varying rates on cost Plant and machinery - 25% on reducing balance
The cost of tangible fixed assets is their purchase price, together with incidental costs of acquisition. Assets costing less than £2,000 are not capitalised.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 24
continued...
## **NATIONAL COASTWATCH INSTITUTION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **1. ACCOUNTING POLICIES - continued**
## **Legacies**
Legacies are recognised on a case by case basis where the receipt of the legacy is considered probable and the amount can be measured reliably. A receipt will be probable if there has been a grant of probate: the executors have established that there are sufficient assets in the estate to pay the legacy, after settling any liabilities, and any conditions attached to the legacy are either within the control of the charity or have been met. Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
## **2. DONATIONS AND LEGACIES**
|Grants and donations
Gift aid
Legacies
Collection boxes
**3.**
**OTHER TRADING ACTIVITIES**
General fundraising
Liskeard sales
Membership fees
Sundry income
**4.**
**INVESTMENT INCOME**
Rents received
Income from investments
Bank interest receivable|2020
£
184,575
5,661
104,102
51,918
346,256
2020
£
134,870
27,491
10,593
12,472
185,426
2020
£
1,705
5,694
3,103
10,502|2019
£
216,290
2,459
115,416
104,561
438,726
2019
£
205,579
35,390
11,073
7,281
259,323
2019
£
1,800
5,169
5,323
12,292|
|---|---|---|
||||
Page 25
continued...
## **NATIONAL COASTWATCH INSTITUTION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **5. RAISING FUNDS**
|**Raising donations and legacies**
2020
£
Printing, postage and stationery
5,595
Advertising and website
-
Motor and travel costs
3,251
Computer and software costs
4,295
Marketing and public relations
25,313
General fundraising costs
11,701
50,155
**Other trading activities**
2020
£
Purchases
1,360
Aggregate amounts
51,515
**6.**
**CHARITABLE ACTIVITIES COSTS**
Direct
Support
Costs (see
costs (see
note 7)
note 8)
£
£
Operating coastal stations
347,408
117,271
**7.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
2020
£
Insurance
21,099
Light and heat
22,150
Telephone
28,334
Printing, postage and stationery
5,595
Advertising and website
9,121
Sundries
6,163
Uniforms and members' welfare
25,349
Training
5,403
Property repairs
39,295
Repairs and maintenance
99,133
Motor and travel
9,754
Room hire
2,445
Radios and Ofcom
3,684
Computer & software costs
4,295
25th anniversary celebration
-
Depreciation
65,588
347,408|2019
£
10,221
10,043
1,993
764
24,534
22,426
69,981
2019
£
2,145
72,126
Totals
£
464,679
2019
£
16,531
25,055
26,901
10,221
10,724
6,548
33,496
7,758
56,479
96,337
5,979
4,655
720
764
11,718
56,387
370,273|
|---|---|
Page 26
continued...
## **NATIONAL COASTWATCH INSTITUTION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **8. SUPPORT COSTS**
|**SUPPORT COSTS**|||||
|---|---|---|---|---|
|||Governance|||
||Management||costs||
||Totals||||
||£|£||£|
|Operating coastal stations|100,622|16,649|117,271||
|Support costs, included in the above, are as follows:|||||
|||2020||2019|
|||Operating|||
|||coastal||Total|
|||stations|
activities||
|||£||£|
|Telephone||764||4,305|
|Sundries||1,383||1,017|
|Property repairs||34,869||23,341|
|Rent||16,181||18,080|
|Meetings and venue expenses||19,543||36,907|
|Declared Facility Status expenses||4,185||5,351|
|National officers' costs||12,355||5,027|
|Station manuals||6,240||902|
|Channel 65 training||17,655||23,258|
|Recoverable input VAT||(12,553)||(9,079)|
|Accountancy||8,005||4,700|
|Professional fees||1,842||8,712|
|Investment management fees||6,802||-|
|||117,271|122,521||
## **9. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Depreciation - owned assets|2020
£
65,587|2019
£
56,389|
|---|---|---|
## **10. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 September 2020 nor for the year ended 30 September 2019.
## **Trustees' expenses**
The Trust has reimbursed the trustees with £24,472 (2019: £32,389) in respect of travel costs, accommodation, subsistence and other ancillary costs being monies necessarily incurred in the pursuance of the Trust's business.
Page 27
continued...
## **NATIONAL COASTWATCH INSTITUTION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
|**11.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Operating coastal stations
**Total**
Net gains on investments
**NET INCOME**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**
**12.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 October 2019
Additions
At 30 September 2020
**DEPRECIATION**
At 1 October 2019
Charge for year
At 30 September 2020
**NET BOOK VALUE**
At 30 September 2020
At 30 September 2019|**ACTIVITIES**
Unrestricted
funds
£
405,959
259,323
12,292
677,574
72,126
470,090
542,216
9,490
144,848
2,230
147,078
1,006,076
1,153,154
Long
leasehold
£
241,097
35,273
276,370
141,693
25,676
167,369
109,001
99,404|Restricted
funds
£
32,767
-
-
32,767
-
22,704
22,704
-
10,063
(2,230)
7,833
93,311
101,144
Plant and
machinery
£
173,825
69,379
243,204
83,556
39,911
123,467
119,737
90,269|Total
funds
£
438,726
259,323
12,292
710,341
72,126
492,794
564,920
9,490
154,911
-
154,911
1,099,387
1,254,298
Totals
£
414,922
104,652
519,574
225,249
65,587
290,836
228,738
189,673|
|---|---|---|---|
|||||
Page 28
continued...
## **NATIONAL COASTWATCH INSTITUTION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **13. FIXED ASSET INVESTMENTS**
|**MARKET VALUE**
At 1 October 2019
Additions
Disposals
Revaluations
At 30 September 2020
**PROVISIONS**
Reclassification/transfer
**NET BOOK VALUE**
At 30 September 2020
At 30 September 2019
There were no investment assets outside the UK.
**14.**
**STOCKS**
Stocks
**15.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
VAT
Prepayments and accrued income
**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accrued expenses|Unlisted
investments
£
273,851
135,036
(40,035)
4,768
373,620
11,708
361,912
273,851
2020
2019
£
£
13,602
9,735
2020
2019
£
£
19,755
29,377
69,911
2,884
89,666
32,261
2020
2019
£
£
6,031
-
4,973
3,900
11,004
3,900|
|---|---|
Page 29
continued...
## **NATIONAL COASTWATCH INSTITUTION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **17. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General
Designated reserve funds
**Restricted funds**
Restricted premises fund
Restricted equipment fund
Station fund
**TOTAL FUNDS**|At
1/10/19
£
650,447
502,707
1,153,154
66,818
16,981
17,345
101,144
1,254,298|Net
movement
in funds
£
17,395
-
17,395
(4,783)
17,758
-
12,975
30,370|Transfers
between
funds
£
100,571
(2,356)
98,215
(62,035)
(34,739)
(1,441)
(98,215)
-|At
30/9/20
£
768,413
500,351
1,268,764
-
-
15,904
15,904
1,284,668|
|---|---|---|---|---|
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General
**Restricted funds**
Restricted premises fund
Restricted equipment fund
**TOTAL FUNDS**|Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
518,026
(505,011)
4,380
17,395
1
(4,784)
-
(4,783)
24,157
(6,399)
-
17,758
24,158
(11,183)
-
12,975
542,184
(516,194)
4,380
30,370|
|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General
Designated reserve funds
**Restricted funds**
Restricted premises fund
Restricted equipment fund
Station fund
**TOTAL FUNDS**|At
1/10/18
£
637,301
368,775
1,006,076
54,621
19,115
19,575
93,311
1,099,387|Net
movement
in funds
£
144,848
-
144,848
12,197
(2,134)
-
10,063
154,911|Transfers
between
funds
£
(131,702)
133,932
2,230
-
-
(2,230)
(2,230)
-|At
30/9/19
£
650,447
502,707
1,153,154
66,818
16,981
17,345
101,144
1,254,298|
|---|---|---|---|---|
Page 30
continued...
## **NATIONAL COASTWATCH INSTITUTION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **17. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General
**Restricted funds**
Restricted premises fund
Restricted equipment fund
**TOTAL FUNDS**|Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
677,574
(542,216)
9,490
144,848
29,766
(17,569)
-
12,197
3,001
(5,135)
-
(2,134)
32,767
(22,704)
-
10,063
710,341
(564,920)
9,490
154,911|
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General
Designated reserve funds
**Restricted funds**
Restricted premises fund
Restricted equipment fund
Station fund
**TOTAL FUNDS**|At
1/10/18
£
637,301
368,775
1,006,076
54,621
19,115
19,575
93,311
1,099,387|Net
movement
in funds
£
162,243
-
162,243
7,414
15,624
-
23,038
185,281|Transfers
between
funds
£
(31,131)
131,576
100,445
(62,035)
(34,739)
(3,671)
(100,445)
-|At
30/9/20
£
768,413
500,351
1,268,764
-
-
15,904
15,904
1,284,668|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|
Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|
expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General|1,195,600|(1,047,227)|13,870|162,243|
|**Restricted funds**|||||
|Restricted premises fund|29,767|(22,353)|-|7,414|
|Restricted equipment fund|27,158|(11,534)|-|15,624|
||56,925|(33,887)|-|23,038|
|**TOTAL FUNDS**|1,252,525|(1,081,114)|13,870|185,281|
Page 31
continued...
## **NATIONAL COASTWATCH INSTITUTION**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2020**
## **17. MOVEMENT IN FUNDS - continued**
**The following funds are held within the Designated Reserve funds**
|Operating budget fund
Station investment fund
Development fund
Contingency fund
Central reserves|(24,530)
38,620
48,644
51,490
386,127
500,351|
|---|---|
## **Restricted funds**
The balance of the funds relating to fixed assets have been transferred to unrestricted reserves as the Trustees believe that the restriction imposed on the donation has been satisfied by the acquisition of the respective assets. As such the assets are not classed as restricted.
## **18. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 September 2020.
Page 32
## **NATIONAL COASTWATCH INSTITUTION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants and donations
Gift aid
Legacies
Collection boxes
**Other trading activities**
General fundraising
Liskeard sales
Membership fees
Sundry income
**Investment income**
Rents received
Income from investments
Bank interest receivable
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Printing, postage and stationery
Advertising and website
Motor and travel costs
Computer and software costs
Marketing and public relations
General fundraising costs
**Other trading activities**
Shop purchases
**Charitable activities**
Insurance
Light and heat
Telephone
Printing, postage and stationery
Advertising and website
Sundries
Carried forward|2020
£
184,575
5,661
104,102
51,918
346,256
134,870
27,491
10,593
12,472
185,426
1,705
5,694
3,103
10,502
542,184
5,595
-
3,251
4,295
25,313
11,701
50,155
1,360
21,099
22,150
28,334
5,595
9,121
6,163
92,462|2019
£
216,290
2,459
115,416
104,561
438,726
205,579
35,390
11,073
7,281
259,323
1,800
5,169
5,323
12,292
710,341
10,221
10,043
1,993
764
24,534
22,426
69,981
2,145
16,531
25,055
26,901
10,221
10,724
6,548
95,980|
|---|---|---|
This page does not form part of the statutory financial statements
Page 33
## **NATIONAL COASTWATCH INSTITUTION**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2020**
|**Charitable activities**
Brought forward
Uniforms and members' welfare
Training
Property repairs
Repairs and maintenance
Motor and travel
Room hire
Radios and Ofcom
Computer & software costs
25th anniversary celebration
Long leasehold
Plant and machinery
**Support costs**
**Management**
Telephone
Sundries
Property repairs
Rent
Meetings and venue expenses
Declared Facility Status expenses
National officers' costs
Station manuals
Channel 65 training
Recoverable input VAT
**Governance costs**
Accountancy
Professional fees
Investment management fees
Total resources expended
**Net income before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset investments
**Net income**|2020
£
92,462
25,349
5,403
39,295
99,133
9,754
2,445
3,684
4,295
-
25,676
39,912
347,408
764
1,383
34,869
16,181
19,543
4,185
12,355
6,240
17,655
(12,553)
100,622
8,005
1,842
6,802
16,649
516,194
25,990
4,380
30,370|2019
£
95,980
33,496
7,758
56,479
96,337
5,979
4,655
720
764
11,718
26,297
30,090
370,273
4,305
1,017
23,341
18,080
36,907
5,351
5,027
902
23,258
(9,079)
109,109
4,700
8,712
-
13,412
564,920
145,421
9,490
154,911|
|---|---|---|
This page does not form part of the statutory financial statements
Page 34