Keswlck Ilescue Team •xl Hnanelal stalenth lor the al ended Keswick ACCOUNTANTS
Keswi¢k Mountaln Resc Tffi Index lo the Flnanclal Sl¥temenls for the year ended 31 Ociober 2021 Chanty Inlornath)n Truslo6s' Report IrKlepend8llt Examinerfs Rek Statement ol FInarla1 Aclilities Stslemenl ol Financial Aclivibes Compafalive Balance Sheet Notes lo the Financial Slalem¢nls
Keswlck Mountaln Res T Charlty Inlorniation lor the year erKled 31 October 2021 Trustees Gordon Barker Chrkslcpher Higgins Fiona B0e John Hunslon Paul While Peter Prlnclpal •nd Aegl>t•rnd Omce KMRT Heac*uarters LakesNJe Cark Park Keswick Cumbria CA12 5 Charlty Numb•t 1165345 11¢PendnI Examln•r Fa Armstrong FCA Oodd & Co Ltd 15 Ros8hil Carfi 8rewin Dolphin Securities Lld 4th Floor, 10 Wellinglon Place LS14AN Page 1
Keswlck Mountsln Rescu• Team Report ol the TnF8leoS lor the ended 31 Octor 2021 The financial statements hav8 b8en prepared in 7hith the acLXMmting p)lth)es set t in Ihe note$ to the accounts and conwy wlh the tharilys Ve)g documenl. the Charilies Act 2011 alld the Accounting aNI Rewrting by Chaiilies: Stalennl ol Reo)mmend8d Practice ISORP} aFplicable lo charities, preparing Ihwr accounis in actOnIar with Ihe Financial ReForting Standard applicable in the UK and Reptrt ol IrglarKI pul)hsfd on 16 Juty 2014 Govomlng Document The chaTrty is a CharrlatA9 IncorFwalgd Organ15 (CIO) arnl is govemed by a constlluln. Recrnllment and Appolntmonl ol Tru$lo•S The only body wlh the Iwilhin the lemts d tr Conslitulionl lo apin1 a Trustee is Ihe membership ol the Chafily. The Charity Trustees are app)inted al eath Annual General Meeling, ar hold office until Ihe lolkThing Annual Goneral Meeting. The Trustees musl be members ol the Charity and are made up ol a Chairperson, Se¢retary. Treasurer, Team Leader and Iwo others elected from th8 general m8rnbershp. Therè is no baf on a Twslee StalIng for office lor successive lems. Candidales lor [51"0n$ ¢onlerring Irusleeshp be nominated in wriliThJ lo Ihe Secrelary not less Ihan 21 days prior lo th& Annual Gen8ral Ntsetiro, aThJ nolrfigd lo th9 momborship rtr)t loss than 14 days prior therelo. Voling is conducted by a secfel bdk)l. Slructure The runnin9 01 the Charity ts overseen by Ihe Tnffjlegs. twl aH men)eTr are invofved in decision making processes. Indivial meners are 4)p)inted lo lake specrfsc resFrf)nsibihty lor a numbef ol aaS in Ihe operation ol Ihe team. These inthde managing Ihe equipment. ts vehicles and the base building. aThY also the anrwal training programnw lor team member& The Charity has a seleclion process which alh)ws anyDn8 liviNJ in the area ler@s1•Y in pining lo apply lor membership. They are then assessed over a nurthr ol nK)nlhs belore t10 laken on as probatnary members il thèy afo assessed as havirg the nKessary skill sel. Aftèr a yéar as a probationer. lull membership ts granted. subject lo Ihe approval ol all Current memters. Obl8¢t8 The main oble$ ol the Charity las sel out Consti1) aw "io be IOT Ihe wblic benelit. to relieve suffering arKI dlslress arising thereon, anKg pgrsons and animals endangered by accident or nalural hazards anyThthere and particularly on Ihe InIa1n5 ol Cumlyia in the vicinity ol Keswi¢k". A¢tl¥ltl•s The Charily meet$ ils rt)jectives by having a team ol IraIn and qualild meerS available lo go on call outs lo inchlents. Aehlevements ftnd Perfornnce The team has been very busy this year, Ihilh "stayrat)ner$- increasiro the Visit numbers, which leeds thr¢xh into rescues. Many of Ihese Wre tho usual tni¥tu¥e ol lower leg injuries, medical issues and people getting Cfaglasl or bsl. ¥4ylh a sUslI91Y small number ol clear instances ol people setting oll loo lale lo aChIe their obiettive or other aVOab mishaps. The base extension has pl(ded lo a con¢Jusion in Deeemter 2021. and * now have a lanlaslic r8source lo use lor the beIlt ol the local community. especialty in limes ol Ik>oding when Silver Comffland (the Joint emergency services response) v#ill be able to use the base. The i)KJ ndow. overlooking Crow Park is very iwessive. and Ott[ l&ilities Incbjde extra garaging lor our vehicles, bigJer rope training area. extended changing ftIeS and a new kitchen. We have also now linally laken ddivery ol the stretchers. ofdering 10 lo lake advantage ol economies ol scale and amowing plenty ol spare eapacrty lor training and loans lo other leams. The new stretcher box has $0 b89n Stalled ai Sty Hea(J. using a helw>ter lill arranged by "Fix Ihg Fells" As a resuft ol COVKI 19, the leam has saved sw3n1fart sums on ils training, particularfy overseas.
Ke8wlck Mountsin TMM Report of the Truste contd. for Iho year end¢d 31 Octobw 2021 Duri the year the team had lotal 01 £303.773120al. £213,46n aThJ èxperTr&tui8 of £157.503 12020. £139.7821 sUIt13 in net lof tl charity ¢X £146.27012020- £73.6851 before waluation ol investmènts. In addition to income arKI expfrndilure, Ihere ¥Me unreats"s&d 9wns in thè the invrnents by £78B.48912020. k)ss £56,PA)31. Tl ckJ%ThJ reseTh8S 31 ¢l#obèr 2021 wèrè £2.500,67912020. £2,165.9201. This is made up 01 £18,858 01 ¥estricted I[¥8$. £1.878.287 of deswJnaled funds aiKI £603.534 01 unresln¢t8d reseThe& Ych is also r8soNes. Inv•stm•irt Pollcy Thtt Charity wovidfrs a vilal seNi¢e itt rwJir8s ¢•1•"nty ol fvr&liTr3. Chlty Twstees have, histotkally, adopiod a rffjk-averse aFvoxh to Iwweslmeni. strategy is to safeguard suthcienl liquKI lur¥Js Io covgr short lami operatKJnal needs in twiklirwJ SCW counts. making usa of hh6 yieldiro limlted atxes8 aCCWrnS TAtre appr4Note. way ihe carAial is se¢ure aTrJ the interest income is maximiswj. ComFl&m8nling Ihis opwational fiquijty. the Trusiees hav& wed a medium to -lern investment slralegy based on a balanced p)rtfoho of bJThts equthes. fflana by a team ol Inveslmenl Advisors speoalise in h)w¢r.risk lnvestThnts ior charilios. Thgse lurKLs WOVKlo 9rovAh a1 iro)mtr. AJI irKome is re-invgste¢J thi1g il is Th)1 rewire(I for l*W re5eThes. Th? policy on genefd 18serves lei1 by the vigw thai the Tnge$ must have regth lo l)Olh the short aTh3 long term needs ol ihe Chanty. n is regulaty wied to ewre it eflectively meets ihe Charitys obieclivas. Th8 Chaity has ON0vour to wur8 a I)mO via ClICtIon boxes, motrfltr pl and on.ling donabons as Yll as ¢ovenantwJ (kmtK The Twstees vitll maintain tho general •rrne re$8r¥e to enswg thai the proVisn ol lh8 Charity's primary cl>ie¢tives not be by an imbalarte b&In Ir( aTrJ eXrture. based on the Charitys 8••irbd•d Aer¥•8 Whefe the chaiity fecelves luThJs fry a specrfK these are inttentifved as reStrtell lunds. Any &xp8nditur• in rèlakn'on Io Ihe iwwng Is amocalod Io I1 lund. Where the lund lor the wrchase ol a Iix8d ass8t, lh8 depr8eIl0n ol that asset 16 tharged to thg r8StrthJ fwMI in ith thè dwaciatirm w>licy. D•Jlgnaled Reerve$ In o¥der lo manage the r8seNes as •IfeNdY as tble. tho Chwity has estat4tshod a of desi9nated reserves vtsre fUts are'rirg lence(r lor a ¥eufic aspe¢i ol the wnning ol the charity. Assel R Sh$) amourrt ol reseryes ti&J irt lixe4J assets and. , helps lo dllY the true level ol general résewves. Ttt& Tr ees Rè is a set 8SK lo cover crroJmthn¢es leathTrJ to a Signfan1 drcp In in¢orne. su¢h as loss ol repulalion or gcx)M. rnalty set at Ihree D"mes Ihe level ol Ihe PrlS yeavs expeTrYituie, as Ihis is seen as thè maximum rt wk1 laka to restore a105& Ns the 2020 axpwjiluro ¥¥as unusudly low Ihe base year of 2019 has teen leIned. is a sel asth to cover thè costs ol the pLqnned exlen5ion to the base. As the build 1$ aring comet10n mosl ol Ihs lgsgrve has Lw9n elledtvdy transferred lo the Fixed Asset Fle5eNe. Pa3e 3
Keswlck Mountsin Aescue Team Report of the Trustees. c¢. lor the year ended 31 October 2021 Safety and Rlsk mageDfit The Trustees actNely review the major risks which Charty laces on a regular basis. They believe thal maintaining reserves al CLtrrrent levels. comtmned wth an annual rev¥ ol insurance wlicies and the conlrds over key linancid systems. wll w(WKJe $LrflnI 0reeS in the evenl of adverse conditions. The Trustees have aL80 examifted olher Operatial arxy tineSS risks Ixed by the Charity and conllrm that they have eslablished syslems to mrtigale the s•JnrfKanl risks. Grant Maklng The Charity does not make lo individuals or other organisatn$. Howevèr it remains the ChantS policy to make available io olher TeseJJe leams trainiNJ in SalL$l areas. such as gNift water reseue and advanced rope rescue lechnM4ues, thal other leams may rnl have oblasned. vAlhoui any charge lo them. The policy in this regard is lo lacililale the spread of modem or evolww technKiues, to encoufage closer co-operatson betweeii teams. and lo uithse the Charitys lurts lo Ihe benelil of mountain rescue generalty- 8on•flt Guldane• The Truslees confirm that Ihey have cpIled in section 4 01 ts Chari(18s Act 2006 to have due regard to the guidance wL4ished by Ihe Chaw Commi¥sThi. including benelil gUanCe. Trustees Respon81bllltle8 In fel•llon lo the Flnanelal Siaiement• The Truslees are resrM)nsible lor woparino Ihe Truslees. ReFQrt and th8 finarKl statements in accordance %wlh awJlicaLle law and unit 'ngdl AlmIn1j SiaTrJards IUnrt&J 'n10M Generally Accepted Accounb'ry Frattl. The law applrable lo ¢hartlies in EtvJland Ws requires the Ituslees lo prepare financial slalements Iof each linan¢ial year whth give a true and laii view ol Ihe slate ol allairs ol the charity and ol the income resources and appIallOn ol resources ol Ihe chaiity lor thal penod. In FrfepariTh3 these financial slal8menlS, th6 trusl88S are rewired to:. . select $uitsb18 a¢¢ounting F(kn'es and Ihen aA Ihem ¢uwslgnity" - observe the melhods and pri$ in the CfAfities SORP: . make iudgèmenls arKI eslimaies Ihat ar• reasonab and prudent; . stale whether apFAicable a¢¢ounting slarldards have been follod, *kniecl lo any material departures bèiro th's¢h)sed and explain1 in the Ibnancial slalem8nls,' and - Pfepare Ihe linarKial slalemenls on a going corwm b.$ unless rt is inaFvopriate to presume Ihat the charrty WIN conlinue in Ixbshnes5. The trus10 are resp)nsitAe for kwrb3 Frfoper acCnbj records Ihal disclose with reasonable accuracy at any time thè linancial positM)n of Ihe chwity and enable to ensijre Ihat the financial slal8m8nls coMY wth the Charilies Acl 2011. They are resps)Ie l(M saleguafding the assets ol the charity and. hence, taking Teasonable steps lor the preventK)n and detect ol fraud and other irregularities. Approved by the Trustees on 11 February swd on Iheii behalf by Gordon Barker Chwrman Page 4
Keswlck IAountaln Twrn Independent Examlnets Report for tho year endod 31 October 21r21 I report on the accounts tor the Trust lor the year erbJ8d 31 OctoLT 2021 are set out on pages 6 - 13. The chartys gross KKome exceeded £1.()0 and l am qualified lo undenake lh& examInatn by being a qualifieil member of the In$tilute of Chartered Accounlanls in ENJland and Wales. Respective responsibllllles ol trustees and ex•ninor The ¢harity's Iruslees arg resFonsible lor Ihe preparalion of tho accounts. Tho charitys Iwslees consider that an audit is not required lor this year, uTrJer secbon 14412) ol the Charities Act 2011 Ith8 2011 Acll, aNI that an iWwKJ8nt èxami8 rewrt is n8thYed. It is my reswnsitmlity lo= . examine the accourrts under sectKJn 145 of the 2011 Act; - lo lolh)w the procedures laKI down in the G¢Tal Directions given by Charity Commission under seclion 1451511bl ol ihe 2011 kt: and - to sla18 whether partular malters havè wne lo my atteft1n. Ba81• of Independenl ex•mlners report My examination was carried out in accorda with Ihe Gera1 Directions umven by ts Charty Commissiongrs. An examinaiion indudes a reNiew ol aC(nI1Thg records kept by the charity and a comparison ol the accounts wesented with these Te¢ords. 11 also includes consideTalion ol any unusual ilgms Of th'scbJsufes in the accounls. aFKI seekiryJ explanalions Irom you as Irusieos conceTnir¥J any Such matters. The procedures uTrlertaken do not prov¢de all Ihe evwjence Ihal woukl be r8quired in an aLJit aThY, consequanity, i (ki 1 exwas$ an aLKlil opInn on the view given by thè accounts. Independent ex•mlnorn' st•tem•nt In connection wilh my examinab'on. no maNer has come lo my attenlion: 111 whh gives me roasonable cause lo beleve tha( in any material respt. Ihe requlrements . ke accounting records in accordance wth s130 01 the 2011 Act.. and . to prepare accounts whh a¢cord with the ae¢ounliThJ records aThJ lo compty with the accounting i¢quwements ot Iho 2011 Act have not been mel; or 121 lo Ythi¢h. in my ownion. attention shouhj t drawn in order lo 8nable a propor U181star¥JlrvJ ol accounts to be reached. Faye Almslrong FCA Dodd & Co Lld Filleen Rosehill Cartisl8 CA12RW 11 February 2022 Page S
Keswlck Mountain Reacuo Team ststemeth of Fln•n¢lal A1¥11185 for the ended 31 00b91 2021 31 October 2021 Notes Restrthd Unrestiicled DeSKaty Tolai Furl 31 Octob8r 2020 Tolal INCOME Donations and legacios Investment incorne Other incom8 17,000 261.777 278.777 24,996 176.436 35.662 1,369 Total Iorn9 17.000 286,773 303.773 213.467 Exp•ndlturg Costs ot ralslng lunds Charlt•ble actl¥ltlvJ 6.969 142.908 6.969 150.534 7.174 132,608 Total •xp•ndllur• 149.877 157,503 139,782 Not Incom• I l•xpondllur•) b•lor• tr•nsl• and In¥1•1$ 9,374 136.896 146.270 73.685 Net g•ln• l{lo••MI on Inv• 188.489 188.489 156,8031 N•1 Incom• l (•xp•ndiiur•) 9.374 325.385 334.759 16,882 Translgr8 behyeen lunds 18.427 118.4271 Tolal funds brought lorwafd 9,484 259.722 1.896.714 2,165,920 2,149.038 Tolal fund c•rrt•d fonv•rd 15 18.858 603.534 1.878,287 2.500.679 2,165,920 The noles lorm part of finanoal slaterrnts Page 6
Keswlck IAount8ln Rescue TM Slatement ot Flnanclal Actl¥ltks- Comparallve for Iho ygar ènded 31 October 2020 Restr18 unrestr1 D8svJnaMI Total Funds INCOME Donations and legacies Inveslmenl income Other income 176.436 35.662 176.436 35.662 1,369 Totsl Income 213,467 213.467 Expondltu Costg ot r•lslng funds Ch•rll•bl& •ctIvli* 7.174 127.271 7.174 132.608 5,337 Tolal exp•ndllurfr 5.337 134.445 139.782 Not Incom• l (expondlturn> b•forn and Inve$tmenl¥ (5.3371 79,022 73.685 Nol g•lns Illo•u•) on Invo•lm•nt {56.803) 156,8031 Not Income l {•xpendlturn) 15.33n 22219 16.882 Tfanslefs belween lurKb 122,809) Total funds tKoughl forward 14.821 280.312 1.873.905 2.149,038 Total funds earTled fonvard 259,722 1,896,714 2,165.920 The notes lorm part ol fwwK#al statements Page 7
Ke8wlck Mounlain Flescue T•m Balance Sheei asat 31 Ociober 2021 31 October 2(r21 31 October 2020 Fixed Assets Tangible fixed assets Investments 1.218,832 971.222 534,058 1.011.117 2,1.054 1,545,175 Siock Debtors Cash at bank and in harnl 12 25.626 387.196 50.610 736.853 414,302 788.943 Credltors: amounts Idllng dw wlthh) one y Creditors and accruals 13 103,677 168,198 N•t Curnt A8••18 310,625 620.74S Totsl A$1* lem Currnnl Llabllltle• 2,500.679 2.165.920 NET ASSErs 2,500.679 2,165,920 Funds Restricted funds Dèsignated lunds Unreslricled fLtnds 14 14 18.8S8 1,878,287 603.$35 9,484 1.896,774 259,722 15 2,$00,679 2,165,920 The financial slalemenls have been prepared in accorda with Ihe Financial Fleiffiing Siandaid icable in the UK and Repubbc ol Irejand IFRS 1021 Approved by Ihg Trustees on 11th FetIwartt arKI SIJn on their behatt by". J4£J Gordon Barker Truslee John Hunslon Truslee Paje 8
Mounl•in Ilexuè T••m Not to Ihe Flnan¢l lor th• year eNled 31 lknber If21 1 knouniiw Poll¢l•s stsi•m8nt of eonwianee The ac(thJnis have been prepar•J &xxxdarxe ith Chavw 2011, aNI RerKtrThJ ty Charils'. StalerTl01 Pr&tiv (SOAP) lo CheS rKepawiThJ their a¢cordanc6 ith Ihe F811 RepNlry SarKlard the im( arJ R8PJtr.¢ of IrelaThJ IFRS 10211offeetfve 1 January 20191. Ba•1• 41 prep&tlon Tnè charity m8é1s Il d8h.thn irf a Irt 8nnty FPS 102. As$8ts r8wiy•J al 610ral CA)St Irans•kn vabJ• urth8 OttsnMs• th• welwarrt accouthNJ pcY . Golng ¢0•M The$8 financial siaknnents have ¢)n a gow baw. The TntstS afe cgjnfthff Ihat th• charity remains a goirya cortom the irrw natK)n• ol IX)VID 19. Th8 charity has a vory hMJh levg1011888tves and conlinu¢s Io feceivi a good ¥81 of donatrjns. Thwe bave tthn w(wdLe5 rcu0s. tr4Jl these have not ptaly the ¢OSL4 d lh8 te• Fund •e¢ountlng poll¢y Resiiiciod funds are those lor ule a partojar are8 ty ler a wrr•Js8. the ol reslricied lo Ihal ar8a or purp060. are Ihme i•t a8 Inlg98 ¢Xrt d ge tsra •F4dl puw. Further dera41s ol eath lu we in Nknle 14. Ihcom• Donalwis are Tecogn+sed th• Chedty has tifd in ol b)th the amounl aThl settknrnoni dale. In t 8venl Ihai a thnaln 1$ SLW to TrlI)n5 Ih81 rewire a Iwl ol IOrma iry the Chanty beforg Ihe Ctharly 1$ •nlilled lo tho lunds, the Iwme Ml untd ththor those ¢orhYrthJns ao futy met, or the luKilmeni of tr50 condrtiMs is within Ihe ctyttrd cl the Charly ar#J it y¢Able thal tw eondrtws lullilled in the tyk¥Jrtir& peiiod. L89acy glfts ar6 recognised on a case by easo baws Ihe 9rani ol prc&alo kn the &lmiNslerlexe¢uior lor the eslaie has communted in nrirvJ both the annI am SetNeI dale. In th• frverrt thai th• gift K% in Ihè lorm ol asset Olhel than ca$h or 4 Iinanckgl assel Ira(led on a $1(xk elchaw. rw11 SUWI lo th8 value ol tha gitt being iehatyy Thasured ilh a degre¢ of r•asrrtA• aThY lh• trfle to a¥sel haviry been Iranslerred 10 Ihé Chariiy. tsw•siment 18 a rnc4wabltr b eJtp•ndhur• ab?8 ar 18cognis¢d as soon as Ihwe ss a IW ¢v wnmitw the charty lo th? •xp¢ndilure. M •xpeTrJiture L% &X3JUnt lry en an accru ba"s has twn under hoJing& trat Jgregale all COS15 Fdaiedlo Ihe caiegory. Costs of gertralwvJ ¥8$¢M81 managery1 tees. Charila14e experture ComploS Ilw (•$15 Curred by thochwty in deWY of Xtmtses and servK&slor rt$ liciar$. li boih that ¢an be alrj thre k athiiies IIK8e costs d an iTh3i1o nalu10 rssary 10 suprt ffiem. T•nglbh Ilxe(F ••••t# and daprn¢knth>n Indi¥ual fixed assets coslirg r5fy) jr #o rectythd 41 cjjst on tsrYe th'xed assets so as Io WTile off th¢ OF Wa,1&5 any e$l&nai1 valJ8. Ih*r wfrjl Ife as IC40.. Equiprnem lolor vehKles 15%. 2S%siwiknJ)
KwICk IAountaln R•eue 101 Ihe y•8r ended 31 ¢ktob•r 2021 1 AwountlNJ Pollcl•8 IntInld) Fix8d a5sei Investments are inckthd al markei VOk at fv (kle ol bala[ slwei. Realwj oains and10ss8s on IrwÈsimerits we calcthied as the (rferee tetAwn sswoceed5 afj lhr rnaTkei ¥e al the stsrt ol the year. or theii subwuent C051. aThl are chwpj b) the staternert ol linancial aLlivrtb8S in the pen(xl of diswsal. Unreali%d wns aj losses ryeseni the marfEet val$ during the and ar• uedited Of charged to Ihe $tatemwrt ol linanth acbwtss l)a8od ¢M Iho maket al tho thxl ol the . Trad• CMdltor8 Tfade crediiofs aFè to pay lor ry a¥xes#¥t have been artyii•d In of busin855 from suOiers. Accnts payatAe ue dwified as lT8¢Ila'I Il the Charity dDts noi have an uncoNJitional nyht, al the ol ¢he r8POrnW lo deter 8¢108menl ol tl ¢y•Jilor ILX al loaslh%ve rnonlhs aller Ihe rernrhng dalo. It thBre 1$ an r1 k) deler soffj8menl ILY al Wt twdv¢ monlhs atter11 rep)rting daio, they are ryesertod as crtdilois are rècogrNwl In• ai Ihg transaction prth and subsewenty measur•J at arwti¥•dcosl usiry th6 in11 melhod. in¥eslmBnts Ihal are rearfts o)nvwtit4e w a a101 Cash we subjed h) an ms•3nrfanl of Chan in ¥a4w. Stock si(K Is ¥8lu•d ai the loww ol c051 ar¥J rnl Feallsabknvak. aiier rwFd I aTrJ skyw movtrng slod(s. Net rtalisa valuè is trA88d on $eHthopte L8ss antiopaled Costs conwèthy) aTrJ sg1iNJ cosls. hem5 donat$ lor r•sal8 w di8fribu1l arè Mt iNJud•J in fv liThanrJal slalgments unDI thty ar• sokl ¢y disiribuied., ai Ockn2021 2 Don•tlon• •nd hg•¢1••1kn¢l lknl•l Legariès Donations glft abj Cdlettion Boxès Giant iwme 107.915 139.094 14.768 107.915 139.094 14.768 17.1NJ) 278.777 60,891 110.593 4.952 17.} 17.C(KJ 261.777 176.436 3 InwAtmeiii kn¢om• Usied investmts Bank interest rttelved fJ.077 1.919 24.996 .077 1.919 24,996 29.916 5.746 35.662 4 Olhw kn¢om• MisrAlaneous s InsurarKe Prts 1,149 5 Cosls ol rnlslng lund• Inyeslmenl manag8mert fees Other lundrai9ng c051S 475 7.174 6.969 P*3e 10
Keswlck Mountaln Re8cutr Twn Notes to the Financial slatorn for the year ended 31 October 2021 31 (>xober 2021 ReSt1j Unrestrie[0esjnateC Tolal 31 October 2020 6 Charltablè activll Medical supplies Equipment. ¢kJlhirKJ & sur¥'6S Courses. Ir&ning & Iravel Reni, rates and water Lbghl, hèal and p)wer Insurance Premises repairs armj cnIng Telephone arKI Communal)n$ Computer expenses Printing. stalionery atKI w)st4e Motor lu81 ar repairs Promotional expens SuThYry expenses Independanl 8xaminers 180 Bank charge$ Depreciakn'on freelh)k Depreciation ewipment Depreciats'on motor veh1¢$ Loss on wrile off ol veh¢lo 10,901 31.988 4.071 1.207 6.249 14.310 4.345 12.343 10,901 31.988 4,071 1,207 6,249 14.310 4.345 12243 2,432 10,603 26,127 5.722 2,600 2,695 4,785 4.S35 13,654 7.319 7.319 5,781 2,692 1.062 875 264 4,497 22,938 23,289 875 875 566 4,497 28,247 17.467 4,497 5.4(Kl 22.847 15,241 7,626 142,9)8 150.534 132,608 61 Gov•mAnco Co8tg Independent examirws tee 875 875 875 875 875 875 7 Tru•to0 Romunorntlon and Exp•nw• No trustees received any femunerali¢x* durvy the ytar. Travelling expenses lolalh'ry £66 W¢ paKI lo on¢ ol the trustees lo reimtxjrne ihem lor expenses incuffed in Ihe cwrse ol thir dulles. 8 N81 Incorn l (expwdliurn) Nel income 1 {eXperNthtU1 is slated after charging: 2020 Deweciation of iangible lixed assets Independenl examinefs lee 50,211 875 50.724 875 Page11
Keswlck Mountaln ROSC Twn Notes to th8 Fln•ncbl Ststom•nts ftr the year ended 31 Oclob•r 2021 9 T•nglble Flxed Assets IxJ&liro5 Equ¥AfwII At l No¥emtw 2020 Addition5 DisrA)sals At 31 Octob8r 2021 523,453 703203 191.272 31.782 973.391 734.985 1,226.656 223,054 1.708.376 DEPRECIATION At 1 Novembor 2020 Charge loi Jear Eliminated on displS At 31 Oclober 2021 107.118 4.497 188,8 17.467 143,415 a247 439.333 50.211 111,615 206.267 171,662 489,544 NET BOOK VALUE At 31 Octobor 2021 1,11S.041 52.399 51 J92 1,218,832 At 31 Octobv %120 416,335 47.857 534.058 10 Fln•ncl•l Commllm8nts The lull value tsl the builjing contract for Ibè cornn of th& 8a6e Exlenslm is £977,192. Of INS £846.859 has 09gn pa to Ihe bJbJing contraclof lo de. lèavbro £130.3331Èft to sp9nd. 11 kn¥•tsW h•ld •• flx•d •••1• Mwknl Valu• Al 1 )¥OmI)er 2020 Additi'or DwsaLq Revaluation Ai 1,011.117 224,129 1452,5131 188.489 971.222 31 2021 12 D•btarn 31 Octits 2Q1 31 OcK4)er 2020 Prepayments AThJ a¢crugd irK£ VAT reclaimAe Gift due Paymerrts on accou 5.922 17.216 4.524 43.955 2,131 50.610 13 Crndltorn: •mounts tslllng wlthln on• 31 Ctid)er YY21 31 tcer 2020 Tfade creditors Accruals 58.105 4S.572 103,6T7 ISS.980 11.218 168.198 P49 12
K•8wlc Aexu• Telm Mots¥ to lh• FinanGl•l Sl•tMts 31 OclobEr %)21 Gfani Fund8d Awts 17.1 <7A6) 16.858 7.626 18.858 Truslees Fl•sor¥• 473.829 4n.829 684.775 1218.833 ButhJiThJ Fu¢bJ R•s•rv• 772?7 . 03.202) 69.62S I167 IA96.714 18.42 1.078.297 The tran8lw 10 th• Fix•d Asset R•wts• rty in IIKI sw. th• t•Sl of athaitp)n6 th¢ Preal charr•O. Fund• Y••r 31•t O¢b)b•r ai Grani Ass818 15.33 14.821 l)••lwl•d Tiu8e$ Aoser¥8 489.165 473.829 Fix¢d ABs8t Reserv• 241220 Fuhd A•58ry• 1.WAS.IXO) 1227.173) 772.827 Ros• 183,5(X) 147.5fy)1 116.r I.,714 R•¥lrfcled Fund• Wn9[antS ai• awartsj lo tho l•am for Ihv ol a8• th9 aro a s trl rekIOr fftl. It set ai IettlS1he fvmKxJs>Ws ey4thlwe. as th6 Yd Been as Ihe MaXuM ISMÈ it110 10 restore tn lèvel tsl GeneTal R•8•VV&. The Iransfer Irorn Ge1¥ $1oserves Imo tts Ttustee5 Serve L% w aTrthe Tnthes Re5ervetO Ihre8bme& e ou$ ytrafs eyTrth"ture. in th r88wwe. The IrHn51w the FL¥ed Ass Reserye Is 10 a0 thkq reseNe the Va ol the rj assets at the year eAI. ThÈ Iran51er Irrxn the &Jing Fund B 10 rethJcElhe loth8 bakn (lJ8 LKthvJ exlenwn torrtract. Thetsanslér s Vèhth ReFlac8meni ResoThe $ lo the rwJ4seQlaYehth(1he Year¥ Ipawe an Pao• 13
Keswlck Mountaln Roscue Team Noles to the Flnanciai Slatwnenls for the year ended 31 Ociober 2021 15 N81 As8•1s by fund Reslriclgj UnreslrKled Desvjnaled Tot TangitAe fixed assets Investments Cuffent assets Creditors.. amounts fallng d thin on8 ypar 1218.832 473,829 185.625 1.218.832 971,222 414.302 {103,6771 497J93 209.819 {103.677) 18.8S8 Tolal net assets 18,858 603.535 1.878.286 2.500,679 Not A8a•ts by lund- Yur Endad 31 Odober 2020 Reslricled unrestred Designated Total Tangible liyed assets Inveslments Current assets Creditors.. amounts faillng d thin on• year 534.058 Z38.th) 772.827 189,630 589,829 {168.1981 534,058 1,011.117 788.943 {168,1981 9,484 Totsl n•t •Mots 9.484 259.722 1,896.714 2.165.920 Page 14