REGISTERED COMPANY NUMBER: CE016870 (England and Wales) REGISTERED CHARITY NUMBER: 1182536
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
FRIENDS OF WATER SEARCH AND RESCUE TEAM
C B Heslop And Company Limited Chartered Accountants 1 High Street Thatcham Berks RG19 3JG
FRIENDS OF WATER SEARCH AND RESCUE TEAM
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 MARCH 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
FRIENDS OF WATER SEARCH AND RESCUE TEAM
REPORT OF THE TRUSTEES for the year ended 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The FOWSART Charity exists to raise funds to help the Water Search and rescue Team which help to provide response and operational support to the Emergency Services in a range of situations varying from providing operational & tactical support during times of flooding or civil emergency.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the trust's aims and objectives and in planning further activities.
FINANCIAL REVIEW
Financial position
Fundraising activities are now picking up following the coronavirus pandemic and the recycling schemes are also doing well. Any grants awarded are spent only on the items requested for their use.
Donations paid in the year were made to Water Search and Rescue Team, which is a part of LNC Activities and Training Community Interest Company.
FUTURE PLANS
The number of fundraising Volunteers continues to grow each day with such a great community to be part of. FoWSART continues to organise charity events and raise money within the community.
Our Strategic plan sets out how we will reach out to those affected by flooding and other water emergencies. Over the next five-year period, we plan to:
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Continue to build the relationship between our charity and our cause
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Continue to drive our fundraising programs to help support the work of our cause
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE016870 (England and Wales)
Registered Charity number
1182536
Registered office
PO Box 400 Carterton Oxfordshire OX18 9EB
Page 1
FRIENDS OF WATER SEARCH AND RESCUE TEAM
REPORT OF THE TRUSTEES
for the year ended 31 MARCH 2025
Trustees B Wall H Philpott R Smith
Independent Examiner
N Rivers C B Heslop And Company Limited Chartered Accountants 1 High Street Thatcham Berks RG19 3JG Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... B Wall - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF WATER SEARCH AND RESCUE TEAM
Independent examiner's report to the trustees of Friends of Water Search and Rescue Team ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
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
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:
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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
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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
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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.
N Rivers
C B Heslop And Company Limited Chartered Accountants 1 High Street Thatcham Berks RG19 3JG
Date: .............................................
Page 3
FRIENDS OF WATER SEARCH AND RESCUE TEAM
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 MARCH 2025
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 4,379 | 44,535 | |
| EXPENDITURE ON | |||
| Raising funds | 2 | 726 | 837 |
| Charitable activities | |||
| Provision of equipment and services to WSART | 954 | 2,353 | |
| Total | 1,680 | 3,190 | |
| NET INCOME | 2,699 | 41,345 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 3,084 | (38,261) | |
| TOTAL FUNDS CARRIED FORWARD | 5,783 | 3,084 | |
The notes form part of these financial statements
Page 4
FRIENDS OF WATER SEARCH AND RESCUE TEAM
BALANCE SHEET
31 MARCH 2025
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | 5 | 2,056 | 317 |
| Cash at bank | 4,498 | 4,137 | |
| CREDITORS | 6,554 | 4,454 | |
| Amounts falling due within one year | 6 | (771) | (1,370) |
| NET CURRENT ASSETS | 5,783 | 3,084 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 5,783 | 3,084 | |
| NET ASSETS | 5,783 | 3,084 | |
| FUNDS | 7 | ||
| Unrestricted funds | 5,783 | 3,084 | |
| TOTAL FUNDS | 5,783 | 3,084 | |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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.
The notes form part of these financial statements
continued...
Page 5
FRIENDS OF WATER SEARCH AND RESCUE TEAM
BALANCE SHEET - continued
31 MARCH 2025
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:
............................................. B Wall - Trustee
The notes form part of these financial statements
Page 6
FRIENDS OF WATER SEARCH AND RESCUE TEAM
NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 MARCH 2025
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.
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.
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.
2. RAISING FUNDS
Raising donations and legacies
| Raising donations and legacies | ||
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| Support costs | 726 | 837 |
continued...
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FRIENDS OF WATER SEARCH AND RESCUE TEAM
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 MARCH 2025
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |||
|---|---|---|---|
| fund | |||
| £ | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 44,535 | ||
| EXPENDITURE ON | |||
| Raising funds | 837 | ||
| Charitable activities | |||
| Provision of equipment and services to WSART | 2,353 | ||
| Total | 3,190 | ||
| NET INCOME | 41,345 | ||
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | (38,261) | ||
| TOTAL FUNDS CARRIED FORWARD | 3,084 | ||
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Trade debtors | 31.3.25 £ 2,056 |
31.3.24 £ 317 |
|
continued...
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FRIENDS OF WATER SEARCH AND RESCUE TEAM
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 MARCH 2025
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.25 | 31.3.24 | ||
|---|---|---|---|
| £ | £ | ||
| Accrued expenses | 771 | 1,370 | |
| MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1.4.24 £ |
Net movement in funds £ |
At 31.3.25 £ |
| General fund | 3,084 | 2,699 | 5,783 |
| TOTAL FUNDS | 3,084 | 2,699 | 5,783 |
| Net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 4,379 | (1,680) | 2,699 |
| TOTAL FUNDS | 4,379 | (1,680) | 2,699 |
| Comparatives for movement in funds | |||
| Unrestricted funds | At 1.4.23 £ |
Net movement in funds £ |
At 31.3.24 £ |
| General fund | (38,261) | 41,345 | 3,084 |
| TOTAL FUNDS | (38,261) | 41,345 | 3,084 |
7. MOVEMENT IN FUNDS
continued...
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FRIENDS OF WATER SEARCH AND RESCUE TEAM
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 MARCH 2025
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 44,535 | (3,190) | 41,345 |
| TOTAL FUNDS | 44,535 | (3,190) | 41,345 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds | At 1.4.23 £ |
Net movement At in funds 31.3.25 £ £ |
|---|---|---|
| General fund | (38,261) | 44,044 5,783 |
| TOTAL FUNDS | (38,261) | 44,044 5,783 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds | Incoming Resources resources expended £ £ |
Movement in funds £ |
|---|---|---|
| General fund | 48,914 (4,870) |
44,044 |
| TOTAL FUNDS | 48,914 (4,870) |
44,044 |
continued...
Page 10
FRIENDS OF WATER SEARCH AND RESCUE TEAM
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 MARCH 2025
8. CONTINGENT LIABILITIES
There were no contingent liabilities as at 31st March 2025.
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
10. LEGAL STATUS
The charity is a company limited by guarantee and has no share capital.
Page 11
FRIENDS OF WATER SEARCH AND RESCUE TEAM
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 MARCH 2025
| for the year ended 31 | MARCH 2025 | |
|---|---|---|
| 31.3.25 | 31.3.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 4,379 | 44,535 |
| Total incoming resources | 4,379 | 44,535 |
| EXPENDITURE | ||
| Support costs | ||
| Finance | ||
| Bank charges | 64 | 10 |
| Other | ||
| Sundries | 32 | 377 |
| Donations made | 954 | 2,353 |
| Governance costs | 986 | 2,730 |
| Accountancy and legal fees | 630 | 450 |
| Total resources expended | 1,680 | 3,190 |
| Net income | 2,699 | 41,345 |
This page does not form part of the statutory financial statements
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