**Ogwen Valley Mountain Rescue Charitable Incorporated Organisation Registered Charity Number 1160504**
**Trustees Annual Report and Accounts For the year ended 31 December 2021**
_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
## **Contents**
|**Contents**|**Contents**|
|---|---|
|Trustees’ Annual Report for the Year Ended 31 December 2021 ........................................................... 1||
|1|Charity Information ......................................................................................................................... 1|
|2|Objectives and Activities ................................................................................................................. 2|
|3|Achievements and Performance – Delivering Public Benefit ......................................................... 2|
|4|Financial Review .............................................................................................................................. 3|
||4.1
Principal Funding Sources and Expenses ................................................................................ 3|
||4.2
Reserves Policy ........................................................................................................................ 4|
||4.3
Investment Policy .................................................................................................................... 4|
||4.4
Independent Examiner ............................................................................................................ 4|
|5|Structure, Governance and Management ...................................................................................... 4|
||5.1
Trustees Appointment and Induction ..................................................................................... 4|
||5.2
Operational Management....................................................................................................... 5|
||5.3
Risk Management ................................................................................................................... 5|
||5.4
Trustees’ Responsibilities ........................................................................................................ 5|
|6|Independent Examiner's Report To The Trustees Of Ogwen Valley Mountain Rescue CIO ........... 7|
|7|Statement of Financial Activities for the Year Ended 31 December 2021 ...................................... 8|
||7.1
Statement Of Financial Position At 31 December 2021 ......................................................... 9|
||7.2
Notes To The Financial Statements For The Year Ended 31stDecember 2021 ..................... 10|
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
**Trustees’ Annual Report for the Year Ended 31 December 2021**
The Trustees of Ogwen Valley Mountain Rescue CIO (OVMRO) present their report and financial statement for the year ended 31st December 2021. This report has been prepared in accordance with the 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), (referred to as “Charities SORP (FRS102)”).
## **1 Charity Information**
Charity name Ogwen Valley Mountain Rescue Charitable Incorporated Organisation (CIO) Known as: Ogwen Valley Mountain Rescue Organisation (OVMRO) Charity Registration Number 1160504 (England & Wales) Address Bryn Poeth, Capel Curig, Betws-y-Coed, Conwy LL24 0EU Trustees T Bird (ex officio, Chair) J. Barber (ex officio, Secretary) A Harbach G Pritchard D Otter C Lloyd, to 8 October 2021 C Palmer, to 8 October 2021 Principal Bankers HSBC plc, CAF Bank Independent Examiner Barrie Buels FCCA FCIE Crestmere Limited, unit F1, Intec, Parc Menai, Bangor, Gwynedd, LL57 4FG
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
## **2 Objectives and Activities**
OVMRO’s objectives, as written in its constitution, are:
- To search for and rescue and assist people in difficulties in mountainous regions, or inhospitable environments, and in furtherance thereof to develop rescue techniques, and to disseminate information about the activities of the organisation.
- The provision of grants to charities which support the mountain rescue community.
OVMRO’s primary focus remains to rescue people in difficulty in the mountain ranges adjacent to the Ogwen Valley in Snowdonia, namely the Carneddau, y Glyderau, and Moel Siabod. In addition to mountain rescue activity, OVMRO maintains a swift water rescue capability and supports national flood emergencies. The scope of activities is reviewed periodically.
## **3 Achievements and Performance – Delivering Public Benefit**
The Coronavirus pandemic continued to have a major impact on the team delivering public benefit in carrying out rescue operations effectively with the added complications of Coronavirus safety precautions, especially social distancing during a rescue, and decontamination procedures. Beyond rescue operations, the team had to find ways to maintain operational capability while complying with restrictions on travel and outdoor activity, and social distancing.
The Team’s Coronavirus operating protocols and team members’ discipline in applying them allowed the Team to continue to carry out rescues and to train while minimising risk of contamination to team members and their families. Thankfully, through the professionalism of team members, the team was successful in providing a full operational service throughout 2021 with no consequences for members.
That said, OVMRO experienced a very busy year responding to 140 reported incidents (107 in 2020) ranging from helping people who were lost to, sadly, 2 fatalities. The total number of team member attendances for these incidents was 1,326, averaging 10 members attending each callout. The total member-hours attending callouts was 8,518 hours, or the equivalent of 1,064 work-days.
Team members have assisted, and been assisted by, neighbouring mountain rescue teams (MRT) and have worked closely with the helicopter services of the Maritime & Coastguard Agency, the RAF Mountain Rescue Service, North Wales Police, the Welsh Ambulance Service NHS Trust and North Wales Fire and Rescue Service.
Team members continue to train to a high standard in a range of skills, complying with Coronavirus restrictions, including technical rope rescue, casualty care, swift water rescue, search management, fatal incident investigation, off-road driving techniques, winter search and rescue techniques, and working with helicopters. Team members’ training hours totalled 4,048 hours over 124 training sessions.
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
At the end of 2021, OVMRO had 42 full members and 11 trainee members. The Team continues to attract trainee members. Members of the CIO are individuals who undertake to act in good faith to further the purposes of the CIO.
Members of the 333 support group continue to provide administrative and operational support to the Team, in addition to 333’s valuable fundraising activities.
OVMRO is affiliated to the North Wales Mountain Rescue Association (NWMRA) and Mountain Rescue England & Wales (MREW). Through its representation in these groups, OVMRO makes an active and valuable contribution to the mountain rescue community.
In deciding the activities that the CIO should undertake, the Trustees have paid regard to the public benefit guidance issued by the Charity Commission
## **4 Financial Review**
The CIO’s annual reports are published each year on the Charity Commission Website, with effect from the year ending 31[st] December 2015.
## **4.1 Principal Funding Sources and Expenses**
OVMRO continues to benefit from a strong flow of charitable donations and remains in a sound financial position to deliver its charitable objectives.
The CIO’s income was £235,368 with a surplus over expenditure of £102,776. This significant increase over previous years was from significant legacies from Bob Wilson (£80,482), Geoffrey Masterton (£39,589) and Norah Ann Roberts (£17,500). Other than for these legacies there have been no significant differences in the levels of both income and expenditure in 2021 compared to the 2020 financial year.
OVMRO contributed £10,000 to the MREW Benevolent Fund and also made a voluntary grant of £1,000 to the Lake District Search and Mountain Rescue Association in support of Chris Lewis of the Patterdale MRT, who suffered serious injuries during a callout.
In addition to publicity from its mountain rescue activities, OVMRO normally maintains a high public profile by attending community events, hosting visits to its rescue base, providing talks to school and community groups, utilising social media responsibly and responding to an appropriate level of media engagement. However, these activities were, and continue to be, significantly restricted because of Coronavirus restrictions.
OVMRO does not use commercial fund raisers. Any fund-raising activities must first be approved by the Management Committee, and no activities are permitted that could in any way intrude on a person’s privacy, be persistent, or place undue pressure on a person to donate money.
**3**
_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
Equipment and training costs continue to be the main expenditure areas. Team members are supported by the periodic issue of personal protection equipment and other essential kit items, and by the reimbursement of travelling expenses when responding to operational incidents and participating in training events. The team’s policy is that membership should be cost-neutral. Beyond this, there are expenses for the continuing programme of maintenance and improvement work at the Team’s base, Bryn Poeth in the Ogwen Valley.
None of the CIO’s funds are classed as restricted, and it is not bound by any financial commitments for which it does not have funds.
## **4.2 Reserves Policy**
Although it is intended that future activities of the charity are to be funded by future income, OVMRO’s reserves provide a buffer should there be any downturn in donations. The Trustees consider it prudent to maintain the CIO’s designated operational reserve fund at £400,000, calculated as being 3 years estimated annual costs, based on an average of the last 3 years annual costs. At the year end of 2021, the CIO had funds totalling £800,486.
## **4.3 Investment Policy**
Funds not currently required for short-term expenditure are held in interest bearing bank accounts, with account balances aimed to be within the Financial Services Compensation Scheme (FSCS) limits.
## **4.4 Independent Examiner**
Barrie Buels was re-appointed as Independent Examiner and has expressed his willingness to continue in that capacity.
## **5 Structure, Governance and Management**
The Charity is a Charitable Incorporated Organisation (CIO) governed according to its constitution dated 12[th] March 2016, and last amended 15 April 2021, and a Rule Book covering day-to-day management of the team and supported by policies on key areas, such as equal opportunities and data protection.
## **5.1 Trustees Appointment and Induction**
Trustees are elected for a period of three years at the AGM from nominations made and seconded by members in advance of the AGM. There must be at least three and not more than seven elected Trustees including the three ex-officio Trustees (Chair, Treasurer, Secretary).
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
All Trustees give their time voluntarily and receive no remuneration from the charity.
Trustees on appointment are usually familiar with the activities of the CIO but receive a copy of the Constitution and the Rule Book. Trustees can attend Management Committee meetings.
## **5.2 Operational Management**
The Trustees delegate operational management of OVMRO to a Management Committee whose members are elected for a period of one year at the AGM from nominations made and seconded by members in advance of the AGM. The Committee must adhere to the Constitution, and Rule Book and supporting policies.
## **5.3 Risk Management**
The Trustees have reviewed the major risks to which the CIO is exposed. They are satisfied that the CIO’s systems mitigate those risks, and have prepared a risk management policy and risk register for introduction in 2022.
The Trustees are satisfied that the CIO’s processes and controls continue to meet the requirements of the General Data Protection Regulation.
## **5.4 Trustees’ Responsibilities**
The Charities Act 2011 requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of the resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- a. select suitable accounting policies and apply them consistently
- b. observe the methods and principles of the Charities SORP (FRS 102)
- c. make judgements and accounting estimates that are reasonable and prudent
- d. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- e. prepare the financial statements on the going concern basis unless it is inappropriate to do so.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 as well as the charity’s governing document. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees believe they have met these responsibilities in 2021.
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
The Trustees are pleased with the performance of the CIO during this very difficult year. We wish to thank everyone who has supported OVMRO during 2021, in particular the team members and their families, and members of the 333 support group.
## **Approved by the Trustees on 17 March 2022 and signed on their behalf by**
**John Barber Trustee**
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
- **6 Independent Examiner's Report To The Trustees Of Ogwen Valley Mountain Rescue CIO**
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
- **7 Statement of Financial Activities for the Year Ended 31 December 2021**
|||**2021**||2020||
|---|---|---|---|---|---|
|||**(Unrestricted Funds Only)**||(Unrestricted Funds Only)||
||**Notes**
|**£**
|**£**
|£
|£|
|**Income from:**||||||
|Donations and legacies|2a||**223,054**||100,376|
|Charitable activities|||-||-|
|Other trading activities|2b||**9,059**||5,183|
|Investments|2c||**2,985**||3,060|
|Other|2d||**270**||9,595|
||||**_______**||_______|
|Total income|||**235,368**||118,214|
|**Expenditure on:**||||||
|Raising funds|3a|**6,279**||8,093||
|Charitable activities|3b|**126,313**||116,218||
|Other||**-**||-||
|||_______||_______||
|Total expenditure|||**132,592**||124,311|
||||**_______**||_______|
||||**102,776**||( 6,097)|
|Net gains/(losses) on investments|||-||-|
||||**_______**||_______|
|**Net income/(expenditure)**|||**102,776**||( 6,097)|
|**Other recognised gains/(losses)**|||-||-|
||||**_______**||_______|
|**Net movement in funds**||**£**|**102,776**|£|( 6,097)|
||||**_______**||**_______**|
|**Reconciliation of funds:**||||||
|Total funds brought forward|||**697,710**||703,807|
||||**_______**||_______|
|**Total funds carried forward**||**£**|**800,486**
**_______**|£ 697,710
**_______**||
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
## **7.1 Statement Of Financial Position At 31 December 2021**
||||**2021**|||2020||
|---|---|---|---|---|---|---|---|
||**Notes**
|**£**||**£**
|£||£|
|**Fixed assets:**||||||||
|Tangible assets|7|||**123,268**|||143,555|
|**Currents assets:**||||||||
|Stock||**3,530**|||4,391|||
|Debtors|8|**10,587**|||15,930|||
|Cash at bank and in hand||**669,861**|||540,769|||
|||**_______**|||_______|||
|||||**683,978**|||561,090|
||||**_______**|||_______||
|||||**807,246**|||704,645|
|**Liabilities:**||||||||
|Creditors: amounts falling due||||||||
|within one year|9||**(**|**6,760)**||(|6,935)|
||||_______|||_______||
|**Total assets less current liabilities**||||**800,486**|||697,710|
||||**_______**|||_______||
|**Total net assets**|||**£**|**800,486**||£|697,710|
||||**_______**|||_______||
|**The funds of the charity:**||||||||
|Unrestricted funds|10|||**800,486**|||697,710|
||||**_______**|||_______||
|**Total charity funds**|||**£ 800,486**
_______|||£ 697,710
_______||
These financial statements were approved by the Trustees on 7[th] March 2022 and were signed on their behalf by:
J M Barber (Trustee) Trustee
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
- **7.2 Notes To The Financial Statements For The Year Ended 31[st] December 2021**
## 1. **Accounting Policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the Charities Act 2011 and
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); hereinafter referred to as “Charities SORP (FRS102)”.
The charity meets the definition of a public benefit entity under the Charities SORP (FRS102).
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
There are no material uncertainties regarding the charity’s ability to continue as a going concern.
## **Income recognition**
Income is recognised in the Statement of Financial Activities at the point when the charity has entitlement to the funds, an identifiable probability of receipt and the amount can be measured reliably.
When applicable, donated goods and services are included as income in the Statement of Financial Activities where the benefit to the charity is reasonably quantifiable and measurable. Such donated goods and services are shown at their fair value on initial recognition.
## **Expenditure**
Liabilities are recognised on the accruals basis at the point when the charity has a legal or constructive obligation to the expenditure.
Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities and services in accordance with the objects of the charity and include, where appropriate, attributable VAT which cannot be recovered. Expenditure incurred and attributable to more than one activity of the charity is apportioned on a fair and reasonable basis.
Governance costs comprise professional fees and similar costs attributable to the governance of the charity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
## **Tangible fixed assets**
Tangible fixed assets are stated in the Statement of Financial Position at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible fixed assets includes directly attributable costs incurred in their acquisition and installation.
## **Depreciation**
Depreciation is provided on all tangible fixed assets so as to write off the cost or valuation, less estimated residual value, over their expected useful economic life as follows:
Leasehold property over the lease term Motor vehicles over 5 years Plant and equipment between 4 and 10 years
## **Stock**
Stock is valued at the lower of cost and net realisable value.
Donated goods for resale are not recognised on receipt. Instead, the value to the charity of the donated goods sold is recognised as income when sold.
## **Debtors**
Debtors include amounts owed to the charity for the provision of good and services or amounts the charity has paid in advance for the goods and services it will receive and are measured at their recoverable amounts.
## **Cash and bank and in hand**
Cash at bank and in hand is held to meet the short-term cash commitments of the charity as they fall due. Cash at bank is held with UK banks registered under the Financial Services Compensation Scheme.
## **Creditors**
Creditors represent the charity’s obligations to pay for goods or services that have been acquired in the ordinary course of the charity’s activities and are shown at their settlement amounts.
Creditors are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund accounting**
During the year the charity operated a single unrestricted income fund. Unrestricted funds are used in accordance with the charity’s objectives at the discretion of the trustees.
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
## 1. **Income**
## **a. Income from donations and legacies**
Income from donations and legacies is analysed as follows:
||**2021**|2020|
|---|---|---|
|**Unrestricted funds only**|**£**|£|
|Voluntary donations|**32,188**|32,570|
|Bequests, legacies and ‘In Memory Of’ donations|**167,590**|36,299|
|333 Supporters Group|**14,351**|13,940|
|Government and charitable grants
|-|11,730|
|Cash collection boxes|**1,903**|1,155|
|Sponsorship|**1,015**|-|
|Gift Aid received|**6,007**|4,682|
||**_______**|_______|
||**£ 223,054**|£ 100,376|
||**_______**|_______|
|**Income from other trading activities**|||
|Income from other trading activities is analysed as follows:|||
||**2021**|2020|
|**Unrestricted funds only**|**£**|£|
|Sale of merchandise|**8,247**|5,234|
|Fundraising events|**429**|( 90)|
|Other income|**383**|39|
||**_______**|_______|
||**£ 9,059**|£ 5,183|
||**_______**|_______|
|**Income from investments**|||
|Income from investments is analysed as follows:|||
||**2021**|2020|
|**Unrestricted funds only**|**£**|£|
|Bank interest received|**2,985**|3,060|
||**_______**|_______|
||**£ 2,985**
**_______**|£ 3,060
_______|
## **b. Income from other trading activities**
**c. Income from investments** Income from investments is analysed as follows:
**12**
_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
## 2. **Income** _**(continued)**_
- d. **Other income**
Other income is analysed as follows:
||**2021**|2020|
|---|---|---|
|**Unrestricted funds only**|**£**|£|
|VAT refund|**-**|9,455|
|Other interest received|**20**|-|
|Other income|**250**|140|
||**_______**|_______|
||**£ 270**
|£ 9,595|
||**_______**|_______|
|**nditure**|||
|**Raising Funds**|||
|Expenditure on raising funds is analysed as follows:|||
||**2021**|2020|
|**Unrestricted funds only**|**£**|£|
|Merchandise costs|**4,511**|5,641|
|333 Supporters Group costs|**376**|749|
|Fundraising event costs: ‘Oggie 8’|**-**|75|
|Other events|**37**|5|
|Advertising and marketing|**-**|198|
|Online donation fees|**1,355**|1,425|
||**_______**|_______|
||**£ 6,279**
|£ 8,093|
||**_______**|_______|
|**Charitable activities**|||
|Expenditure on charitable activities is analysed as follows:|||
||**2021**|2020|
|**Unrestricted funds only**|**£**|£|
|Equipment inc. swift water rescue|**26,342**|30,131|
|First aid and casualty care|**6,036**|1,252|
|Transport costs|**7,305**|4,460|
|Training expenses|**8,894**|7,197|
|Communications and IT|**2,749**|3,199|
|Base (Bryn Poeth) expenses|**6,531**|11,871|
|Team expenses|**32,165**|32,457|
|Memberships and subscriptions|**-**|100|
|Administration expenses|**332**|345|
|Bank charges|**20**|7|
|Depreciation of tangible fixed assets|**23,887**|24,243|
|Grants to charitable organisations|**11,000**|-|
|Governance costs (Note 3c.)|**1,052**|956|
||**_______**|_______|
||**£ 126,313**
**_______**|£ 116,218
_______|
## 3. **Expenditure**
a. **Raising Funds**
b. **Charitable activities** Expenditure on charitable activities is analysed as follows:
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
## 3. **Expenditure** _**(continued)**_
- c. **Governance costs**
Expenditure on governance costs is analysed as follows:
|**Unrestricted funds only**
Independent examiner’s fees
Trustees’ expenses
Other professional fees
AGM expenses
_
**£**
_
**Net income/(expenditure)**
Net income/(expenditure) is stated after charging:
**Unrestricted funds only**
Depreciation
Independent examiner’s fees
Trustees’ expenses|**Unrestricted funds only**
Independent examiner’s fees
Trustees’ expenses
Other professional fees
AGM expenses
_
**£**
_
**Net income/(expenditure)**
Net income/(expenditure) is stated after charging:
**Unrestricted funds only**
Depreciation
Independent examiner’s fees
Trustees’ expenses|**2021**
2020
**£**
£
**500**
40
**517**
682
**35**
35
**-**
199
______
_______
**1,052**
£ 956
______
_______
**2021**
2020
**£**
£
**23,887**
24,243
**500**
40
**517**
682
_______
_______|**2021**
2020
**£**
£
**500**
40
**517**
682
**35**
35
**-**
199
______
_______
**1,052**
£ 956
______
_______
**2021**
2020
**£**
£
**23,887**
24,243
**500**
40
**517**
682
_______
_______|
|---|---|---|---|
||_
||_______
2020
£
24,243
40
682
_______|
## 4. **Net income/(expenditure)**
## 5. **Employment Costs**
During the year the charity had no employees (2020: Nil).
## 6. **Trustee Remuneration and Expenses**
None of the trustees received any remuneration during the year (2020: £Nil).
During the year 3 trustees (2020: 3) were reimbursed £18 (2020: £184) for travel expenses in connection with the governance of the charity.
Trustee liability insurance cover is provided via a third-party consortium comprising Mountain Rescue England and Wales (MREW), British Cave Rescue Council (BCRC) and the Search and Rescue Dog Association (SARDA) and amounted to £498 in the year (2020: £498).
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_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
## 7. **Tangible fixed assets**
||Leasehold|Motor|Plant &||
|---|---|---|---|---|
||Property|Vehicles|Equipment|Total|
|**Cost:**|£|£
|£|£|
|At 1stJanuary 2021|78,280|65,371|149,619|293,270|
|Additions|2,000|-|1,600|3,600|
||_______|_______|_______|_______|
|At 31stDecember 2021|80,280|65,371|151,219|296,870|
||_______|_______|_______|_______|
|**Depreciation:**|||||
|At 1stJanuary 2021|19,613|53,146|76,956|149,715|
|Charge for the year|3,193|4,075|16,619|23,887|
||_______|_______|_______|_______|
|At 31stDecember 2021|22,806|57,221|93,575|173,602|
||_______|_______|_______|_______|
|**Net book value:**|||||
|**At 31st December 2021**|**£ 57,474**|**£ 8,150**|**£ 57,644**|**£ 123,268**|
||_______|_______|_______|_______|
|At 31stDecember 2020|£ 58,667
_______|£ 12,225
_______|£ 72,663
_______|£ 143,555
_______|
## 8. **Debtors**
||**2021**|2020|
|---|---|---|
||**£**|£|
|Gift aid recoverable|**1,751**|7,300|
|VAT recoverable|**3,553**|3,073|
|Other debtors|**-**|82|
|Prepayments|**5,283**|5,475|
||**_______**|_______|
||**£ 10,587**
**_______**|£ 15,930
_______|
**15**
_**Ogwen Valley Mountain Rescue CIO – Trustees Report & Accounts 2021**_
## 9. **Creditors: amounts falling due within one year**
||**2021**|2020|
|---|---|---|
||**£**|£|
|Sundry creditors|**6,250**|6,435|
|Accruals|**510**|500|
||**_______**|_______|
||**£ 6,760**|£|
|||6,935|
||**_______**|_______|
## 10. **Analysis of charitable funds**
The charity operates one singular unrestricted fund which includes certain designated funds.
||At 1st||||**At 31st**|
|---|---|---|---|---|---|
||January|Incoming|Outgoing||**December**|
|**2021 Financial Year**|2021|Resources|Resources|Transfers|**2021**|
|**Unrestricted funds only**|£|£|£
|£|**£**|
|General unrestricted fund|267,710|235,368|(122,592)|20,000|**400,486**|
|Designated funds:||||||
|Operational reserve fund|420,000|-|-|(20,000)|**400,000**|
|Rescue Benevolent Fund|10,000|-|(10,000)|-|**-**|
||_______|_______|_______|_______|**_______**|
||£ 697,710|£ 235,368|£ (132,592)|£ -|**£ 800,486**|
||_______|_______|_______|_______|**_______**|
||At 1st||||At 31st|
||January|Incoming|Outgoing||December|
|**2020 Financial Year**|2020|Resources|Resources|Transfers|2020|
|**Unrestricted funds only**|£|£|£|£|£|
|General unrestricted fund|273,807|118,214|(124,311)|-|267,710|
|Designated funds:||||||
|Operational reserve fund|420,000|-|-|-|420,000|
|Rescue Benevolent Fund|10,000|-|-|-|10,000|
||_______|_______|_______|_______|_______|
||£ 703,807
_______|£ 118,214
_______|£(124,311)
_______|£ -
_______|£ 697,710
_______|
The operational reserve designated fund is calculated as 3 times annual costs, based on an average of the last 3 years annual costs.
**16**