Charlty reglstratlon numb•r 1185605 Company rogi8tration number 10442298 {England •nd Wal851 ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED CONTENTS Page Trustees, rewt Independ9nt 8xamineff8 rel statement of financlal actSv11188 Balance sheet 10-11 Notes lo the finanaal statements 12-25
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 OCTOBER 2023 The trustees present their annual report and finanoal stslemenls for the year ended 31 October 2023. The financial statements have been prepared in accordance wlh the accounting pjlicies set out in note 1 to the financk91 $tstem8nts and o)mply wilh the charity's governSng dcaNnenl, the Companies Act 2006 and "Atxounting and Reporting by Charities: Statement of Recommended Practice applicable to charilFgS prgparing their accounts in accofdance wlh the Financk91 Repon9 Stsndard applicable in the UK and Republle of IrelaThJ IFRS 102) (effedve 1 January 2019>" QbJ•thes and actNities Executlv• summary Allanlic Pacific Intemationat Re%ue is a N¢)nwG¢)vemmenlal Organisati¢)n INGO} with a siMe purFose: to reduce global drownlng. Atlantlc Pacrflc's charttable ¢)bjecte8 {oblts) are specrfi¢ally restricted to the following.. to save lives at sea and on Inland w8ters throughout the worid for the public benefft including without limriation.. to promotè safety and proMde rellef from di888ter at 888 and on Inlan¢J waters; to prode technical expertlse. Ir8inlng, equipment and the use of intellectual property to individua15, Schools, colleges, associations and corporate bodie5 involvetj in the development andlor building of lileboats or lifetoat 8tstson8', to build lrfeboals 8nd place them in areas of need.. to engage in communty projects related to the development of Illeboat stations,. to set standards lor marine rescue organisations. About our organlsatlon: vlslon. mlsslon. values Allanllc Pacific Intemational Rescue is an NGO with a simple vision.. to reduce glob81 drownlng. 'In 2019. an gstlmated 236,CQO pgople died from dmwning, making dmwning a major public heafth pmblem worfdwide. In 2019, injuries account8d for almost 8% of total global mortality. Dffjwning is the 3rd 188ding cause of unintention81 jury death. accounling for 7% of am inJury-rn18fed de8ths." Iworfd Health Organisationl Atlantic Pacific's mission is lo tackle this crisis and gliminato d9ath by drowning by providing Lifeboats and rescue assets, trained crew and literally litesawng education to areas of need. work with communrtles around the wortd who do not have a water rescue Se but find themselves In area5 wlnerable lo floodlng and nalurol disasters. supply preverrtative lrfe$aving assgts induding bespoke rescue boats, mobile lifeboat st8tlon8 and a complete training package for the local . Wg deploy rapid responso highly trained crews In emtrgenGy water rescue situations. Wè offèr edueation and tralniThJ for communitles 8rtJJnd water safely and reyLue. Atlantic Pacrfic is a Gollaborative organisation, voluing respert, reliabilty, couroge, innovation and integnty. operate regardl6$$ of political cortt6xt, OLrt of a universal respect for human Ilfv. The trustses have paid due reg8rd to guidance issued by the Charity Commission in d8ciding what athvities the charity should undertake. What we do: produth and servlces: L Weboat In a Box.. Prgvgntstlv? Attantic Paufic's unlque Lifeboat In 8 Box lrfeboal statoon empowers communttles around the prMe to drowning, flooding and natural disasters by providing them with a ¢u$lonkbuilt lifeboat station and purpose bullt lif8boat, Search and Rescu¢ training. and boatbuilding expertise, 50 that %then the unb8arabl& strfkes, a lifeboat and LTew are strale9irAlly posrtioned to help rescue those In need. Taking the fomi of 8 shipping container, th8 Atlantlc Padflc LebOat In 8 Box Is an unlikely but ingenious sotutlon lo a global problem, providing thè essential faclllties of a Ilfebo8t station in one IransPOrtablo self-contalned unlt that Can be delNered lo any location in the wortd to operate immediately a5 8 lrfeboal station. Every Llfeboat in a Box 1$ speallcally designed for the geographlcal location and the tommunlly that will receive
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 R•scue Assets: Rg-actlvg: Atlantic Pacific designs, lèsls and builds bèspoke boats for water rescue. Our expert technicians worf( on designing a boat that is fit for purpose for the region and watèrs Sn whkh it vAlI te deployed by buikllng, tesllng and Tefining our smo11 boats. Currently our Hahn Cla8s bo81, which was bultt for our first Lifeboat In 3 Box in the Tsunami aff8Cted region of Japan, measures 4.8m from bow lo stem. 1.8m wide and sits only 30cm deep in the water. Thg RIB'S v shap8d hull combines speed with the stability of the rubter tube, or sponson, albVng it lo operate wth ease, even In slzable waves. Thls 8ssel Is deployed in our Lrfeboal in a Box pro(luct, tt a180 can be depbyed on rtF+ own in an emergency response to a water related emergency. Tralnlng: SearGh and RcU•. Casualty Car•. Psychologlcal FlrstAId: Lrf8boat in a 80x.' Worklng wth loeal communthes. the AantIC Pacific Lifeboat in a Box comes wilh an intensive training programme for the Ial communlty on how to operate the boat and the station. Our in$lrLKtors work with the Identrfied Ioc81 crew to progress thelr skllls to eventually become trainers Training Coutses." South Wales. London, Kany8i8hl.' Our sea-ba3ed training is run by a team of instructors that all hove RYA in$lructor li¢en¢es arKI more Importanlty., Search & Rescue experience. During our training courses, we introduce techniques of rescue and then assess the readlness of our students through r¢alisli¢ warios and a series ol examinats'ons. Our training is intensive and follows a rigorous standard of practieÈ, ensuring cvjr crew are well equipped lo work in the field. Currently we offer the followlng SAR courses. RYA Powerboat Levet 1 & 2,, 'Summer School,, 'Search and Rescue Fundamental$ Part 1, and 'RYA Powerboat L81 1 & 2.. Our Casualty Care course was designed by Saviour Medical, an industry leader in first aid training and is reL8ted directly to the activities that we train in Search & Res¢ue al $ea. We use 8 detailed check c2rd system th8t provides our crew th a compr8hensive mechanism lo deal wilh peOe in neèd. Our Casualty ca Kit was designed in accordance wllh our check cards and we train our crew how lo use everything that is Contained wf(hin our medical krft ba9s. We have our own medic81 team including a Doctor as our medi1 direcaor, who oversees the implementatlon of our training and the development of our course for the future. Our psychological first aid {PFAI for humanri#ri#n$ helps partlClP8nts prepare for thwr own experiences in emergency rescue and crisis response. As part of this r$e we also orientsle participants to offer PFA lo people follosmng a sgriou$ crisis event. We discuss PFA as the humane, supportive and practi¢21 assistsnce for people who are in distress. whilst conslderlng and respecting thwr dignity, culture and abilities. EdUtIon is vital to reduce the number5 of people who drown every year. In the UK. Allantic Pacific offers educational sessions for prfmary schools, secondary h0O19, colleges 8nd universf(ies as well as local youth community groups. These introduce ideas ar¢JJnd being aware of 8nd how to be safe in water and 8180 highlight what's going on in Ihe wider wodd and the risk of natural disasters and cllmate chang8. AaC P&lfic's new offica is located al Royal Dock$ Adventure. London and as part of our activity w? will bg running an outreach programm8 wth the local community to encourage children and young people to be Confident on tho watsr. They 11 also leam baslc boallng and searth and rescue skills. InleTnati¢)nally, we offer 8n outreach educatbnal progT8mme to the local youth community wrth every Lifeboat in Box progromme. Currently in Japan. where our first Lifeboat in a Box 1$ lo¢atgtJ, we offer a yJmm8r camp for local chiklren, 8nd those from across the county, to come and learn about sea safety, se8 pollutlon. sea ld11[e and search and rescue techniques. hope that these children and young people wll devebp wth us to become Allanllc Pacffic crew and eventually in81ructors who can both teach the nexl generation of children local lo our bases in Royal Dccks and Kamalshl, Japan. We also hope they can be deployed inteTnatK)naSly with our Lrfeboat in a Box programme, or as a rapid rgsponse highty trained crew. Th18 year we have the newly developed 'lntroduction to M8dKine' course, whith Is 8 5 day cours8 Offen9 the Casualty Care Qualrfication as well as lectures and workshops from doctors, nurses, paramedics ar other medically quallfth people worng in the SAR field, We first ran this course in October 2022 and have most recently completed the S day course as a residential course at UWC Allanlic in Summer 2023.
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Slnce COVID 19 Pandemlc and lockdown. AP has been developlng v8ou6 servtis around SAR tralnlng In the field, SAR vessel specffication guidance and general ¢onsultan¢y on SAR operation¥ l actwities. In 2022123 V• worked with Several NGOS operating in the SAR field, offerin9 them bespoke training as well as guidCe on vessel's surtable for the field. Robin Jenkins, our CEO was also asked to parliwate ¢)n SKY News, and BBC Radio tslkiryJ on the topics of migration from a SAR perspeclive. Achlev•ments and perfoTrnanc• Royal Docks HQ In October 2022. the shell of our new building al Royal Docks was delivered. In the followng months the electricty MnneGtion was made. and then finally in November 2023 the water supply was connected. kn April 2023 the building became 8 formal RYA Training Centr8 and in Fabruary 2024 Ihg centre was formally cp8nad. The centre has gone from Stn9¢h lo Strength and n¢x¥ offers a variety of Gour5es and services. UWC Atlantl¢: After six years of continuous devekJpmen( AP were delighted to sign a fiva year agrgement wth UWC AtlanttG for dellverfng 'AP@AC' CAS {and now Prent(8) to 16 In¢)w 24) students. APc runs every Wednesday and Thursday aftemoon at UIAC Atlantic. Robin Jenkins and the team have also worked hard to re-lntroduce sea going with APS 11eet of handmade boats. Thiough rigorous documenlakn"on, all boats passed the Rescue Boat Code and were slgned off by an extemal Inspector for use al UWC Atlantlc as part of the AP C progr8mme. Atlantlc Paclflc JapaTr: Since deliverirwj Atlant P8cffjIc'8 first LIfet in a Box to Kamaishi in Augu8t 2016, Atlantic Pac has been committed lo the sustainabilty of the operation in Japan. Atlantic Pacific Japan {APJI has been established and registered as an Ippan Shaddan Hojin in Japan 2019. This entty is now responsible for the owalion of the Lffeboal ststion and its crew in Kamaishi. AP and APJ have delNered six summer 5thcols {2016, 2017, 2018, 2019, 2022, 2D231 and one Sprfing Camp {Mah 20231 in N8bama Bay local and national participants. We arg currently preparlng for our seventh programme in Summer 2024. During COVID, APJ continued lo operate, delivering online courses and IrtUal camps, in 2020 and 2021. The Nippon Foundabon hos been a fimi supporter of th8 project slnce 2019, and has funded the La$1 4 years of activities direcuy. The thjture looks bright in Japan as we continue lo attract both local, national and international young people io travel to Kamaishi and loin our trainlng and oUt8¢h programmes. The development of a Sea Safety ctre (much like the one in Royal Docks) is algo in development, with diSCUSSKJn with the Nlppon Foundation about funding the programm& throu9h their N8glsa no Koban schem&. Tralnlng: In order to deliver the LIB to Japan tr8ln Ioc81 crew. AP delNered a training eAmp for instructors ¥[lIrj Japan at UWC Atlant in South Wales. The summer camp was extended to other extemal partiapants. ninly drawn from volunteers worklng in the refugee crlsls in the Mediterranean. Following on from th8 success of thls summer School. AP now runs an annual summer tmining programme. Followng 8 two ygaT hiatus whilst adhering lo COVID regulations, AP returned lo UWC Aliantlc thls summer and hosted 32 new participants. The summer school was a great success with mary going off to volunteer in the current migration crises in the Mediterranean Sea and furthgr afidd. Our 'Search & Rescug Fundamentals Part 1, course in Royal Docks grow8 Stronger four more cournes delwered in 2022123. Students are now paying £550 for the four day course. Having suceesyfully delivered Ihe course multiple limes, AP is working on developing 'Search & Rescue Fundamentals. Part 2,. Our SAR Fundamentals course (or parts of ill have also been d81iver8d futher afield. with our in$tru¢l¢)rs travelling to our partners (predominantly based in Italy and Sicily} to work with our NGO partners weiking in thg Mediterranean.
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 The development of our P$ycholog¢cal FirstAid course has been bolstered vAth a grant frcm the Lbyd's Register Foundation to support tts develcpment into a PFA Manual that can be offered 88 a free r880urce to all marfners. Boal Doslgn and Bulldlng: After successfully designing and building Hahn 001 Iwales Gol which was deployed in the LIB to Japan, AP has since built 3 more Hahn Class boats and 1$ in the process of developing a Hahn Evoluiion boat. based on the Hahn Class. It is a clear ambition to develop the design of the Hahn Class in order lo deliver our next LIB. For the last few years AP has been limr(ed on our b¢at building capauty, however in 2022123 we Invested, th the support of UWC Atlantic, in the SOLrth workshop at Sl Donats, and develowd a functional space lo start the boat building procos$. With thi5 new Space we are rrentlY working on boats which we hoFe to cc¥nplete in 2023124. Edu¢atlonal Outr¢ach: AP have been working hard on our educational outreach prcgrammes, espgcially in Ngwham. Wa have work8d yt numerous primary and secondary Schools in the borough to deliver a mixlur& of ath'vrties includng Sea safèty, oeèan awareness and protection In prbmary 8thools lo our casu81ty care qualification and boa handling programmes in Sendary schools. In ttl18bor80n th AAA Zorse and supported by the Coop Fund, we were pleased to offer the opportunty for 12 young people from Newham Io visit us at UWC AUantiG lor four nights in May hawlgmi 2023 to leam search and rescue skills. We have also b88n worknng wlh four Year 9 stuJ8nts from Schoo121 on a weekly basis lor one tern lo give them lrfesaving skills. Our OLrtreaeh programme has a180 been successful in W8les with Ihe generous and continuous support from Reatdon Smith Nautical Trust. We have had 4 local young people under 25 as AP Intsms f btheen one and o years learning search and rescJJe skills and obtwning their RYA Powerboat 2 licentÈ, AP Casualty Care Qualification 8nd AP Search and Rescue Fundamentals, Part 1 rtIfiCate. We have also SUPPDrted over 12 welsh dorniciles under 25 young people in places on our annual summer school programme. Our oulreach programme in Kamaishi also go8$ from strength to strengih with the developmenl of 'AP Club,, which is free for anyong lin9 in th8 local area to come and le8m a sè&related skill (sailing. fishing, lifeguarding. search and rescue} as well as experiment our Ocean revival plastsc machines. Our Impact Over the last seven years AP ha5., delivered one LIB to Th)rthem Japan120161'. delThiered six summer sthools in Walas, eight summer schools in Japan (two online).. trained just over 700 crew. of %thich 50% have been deployed.. delivered a course for 146 UWC students (Japan and Walesl., engaged with 18CY)+ young people from the UK Isoulhwark. Newham, Bromley, Cardlff) and Japan {various prefectures): won 2 awards (NESTA Ne Radicals & Points of Lightl and been shtsrtl1slI ft¥ the British Business Awards from the Brsh Chamber of Commerce Japan {2019, 20221. From this acliwly we have,. prOded ov8r 170 train8d crew into the reJgee crisis, saving an estimated 35.000 lives., taught the four rules of se8 safety to 1800+ young people in the hope that If they wll be safe in andlor near water,. and we have provided a lifesaving asset to a community in Nothern Japan. which has regeneral8d the region through promoting a lifprsaving service l¢xate(l on the beach shorefront. This year. most notsbty. we have completed the build of our London HQ In Royal Docks, signed a 5 yEar contTact wrth UWC Alantic foT the delivery of our programme in Wales and achieved RYA Training Centre aredItIOn. These aehievemenls could not have been re81i8ed without the support and eommilment of still a majcrity staff base of volunteers.
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Financlal revlw As at 31 October 2023 the tharity had d¢¢rga6ed its net assets to £13,099. The charity made an urre8trfctad suWu$ of £76,915. The chadty has a policy of holdlng reserves lo cover 3 month8 of expenses $0 Ihgt in the event of a lad( of Incom6 the charty can decide how lo manage any ftrture owrational C£•mmitments and If necessary lake measures to close the charlty. The charity usually generates reserves by selllng merchandise or 98nwating unrestricted donations. Merchandise is usually sold via our courses and 8(aivities at UWC Auantic. (ng to the delay In compleling our building at Royal Docks our reserves remain low as AP ContinL8 lo recover from the finandal hf( of cancelllng courses In 2022123 frcffl leachlng Space restridons and a180 the longer terni impact of cwrse cancellation from the COVID pandernic of 20121. The tharity did nol hold free re8erves al the year ond as these were a negatNe balance of £23,292. However wlh the dellvery of courses al Royal Docks 51ovAy bulkSing, and th regular offerings of courses for the foreseeable future, AP anlirypate that they will be able to increase their free reserves back up to 3 month period by the end of 2023124. Coursgs a5 W811 as rnerchandi¥e ¥alg5 arKI unrestricted donatio wlll be the focu$ of raising funds to achieve 12 mtsnths reserve structure* governance and rnanagement The organi8ation is a Private UK Company Limited by Guarantse thout Share Capital. It is named as Atlanlk Pacifie Intsrnational Rescue Limited th Companies House In the UK registared number 10442298. incorporated on 24 October 2018. AtlantSe Padfic Internatlonal Rescue Llmlted was reg18tered with the Charlty Comml88Ion on 3 October 2019 with the registered number of 1185605. The Charity 1$ govemed by the Memorandum and Articles of Incorporation dated 24 October 2016. The Tru8tees ar8 Dlroctors of the compary 8nd have been reuuited by Ihe Manogemenl. The Management Board are re$pon$ible for the day lo day delivery of the MpanY and charity and report directly into the Trustees. AP Intemationd currently has 4 Tru5te85. Hugh Davies reslgned on the 1st Juty 2023 and Marie LÈryd(e resigned on the 18th March 2024.
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Referenc• and admlnlstratlv• d•talls harlty name Atlantic Pacific International Rescue Llmltgd Charity numbèr 1185605 Company numb•r 10442298 Trustees Hugh Davles - reslgned 0110712023 John Goc•k artin Mctigue Rupert Harrigon Marfe Lerycke- reslgned 1810312024 Saul Andrew Mendelssohn Reglstered offlce Hodnant We81ey Street Llan1 Major Wales CF61 1RA Indepgndont 9xamlnors Azets Audit Services Ty Derw Llme Tree Court Cardiff Gale Busine88 Park Cardiff CF23 BAB London heid office Royal Dock$ Adventure 1012 Dockside Road Lon¢*•n E162QT Key Management Pernonnel and Charlty repre88ntatlves Kate Sedwell Robin Jenkins robin Webstte: FacebooL" livltter: Instagrnm:
ATLANllc PACIFIC INTERNATIONAL RESCUE LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORD ICONTINLIED) FOR THE YEAR ENDED 31 OCTOBER 2023 LILY 2-0 a
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED I report to the truste8s on my examlnation of the financial ststemgnts gf AantiC Pacific Inlemational Rescue Lirnrted (the charity) for the year ended 31 October 2023. Rosponslbllltles and basls ol report As the trustees of the charity land also its directors for the PLbrposes of eompany law) you are rgskyjnsible for Ihe preparation of lh6 financiol stalements in aecordance wth the requifernents 01 the Cornpanies Act 2006 (the 20C6 Act). Havlng 881i8fied myself tho1 th8 financial $tatomenl$ of the charty are n4)t required to be audited under Part 18 of the 20CK8 Act and are elvJiblg for independent ex8min811on. I report In SpeCt of my examination of the charity's finanoal statements carried tyJt under section 145 of the CharlUes Act 2011 Ilhe 2011 Act). In carrying OLrt my exarrination I have followed 811 the applicable Directions gN8n by the Charity CommIss under sectlon 145(5)(b) of the 2011 Act. Independ•nt •xarnln•rf$ stst•m•nt I have cApleted my examination. l Confirm that no matters have comg lo my attention in u)nnection wilh thg examination giving me cause lo klieve that in any matorial respect". aeo)unting records were not kept In reycl of th8 charity a$ required by seGtwJn 386 of the 2006Act: or the financial ststements do not accord wth Ih08e records., or fhe financial statements do not comply with the accounting requirgmenls of sectl¢)n 396 of th8 2006 Act other than any requirement that the accounts give 8 true Bnd fair view which is not a matter considered as part of an Independent examination.. or the financial statements have not been prepared In accordance wlth the methods and principles of the Statement of Recommended Practice lor eccounling and pOrtIng by ch8rilies applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK ar¥J Republic of Ireland IFRS 1021. I have no ¢oncems and have come across no other matters in Connection th the examination to which attention should be drawn in Ihis report in order lo enable a proper und8rsl8nding of the )Inancig1 statements to be reached. Joanne Taylor FCCA DChA Azets Audlt Servlces Ty Dew, Lime Tree Court Cardiff Gale Bu$iness Park CoTdiff CF23 BAB United Kingdom Dated..
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2023 Unrestrictèd Restrict•d fund8 nd8 2023 2023 Total Unrtstri¢tsd Restrfcted funds funds 2022 2022 Total 2023 2022 Notes Donatlons and gacbe5 Charhable Other trading aclivilies Investm8nts 13,106 146.617 20,01)0 33,106 146.617 13,111 104.894 13,111 302.472 197,578 35,471 426 35.471 426 12.671 12.671 Toial Income 195,620 20,0 215,620 130,772 197,578 328.350 ndlture o Charkable acb"vili68 118,705 12B,325 247,030 119,507 81,692 201.199 Gross transfers beknn funds Not Incomollexpgndlture) for th• yearl Nat movemont In fund6 22,976 122,976} 76.915 (108,3251 131.4101 34,241 92,910 127.151 Fund balan¢o$ at 1 November 2022 89.964 109,325 199,289 55,723 16,415 72.138 Fund balances at 31 October 2023 166,879 1,000 167,879 89,964 109.325 199,289 The ststemenl of financkgl activities irKludes all gains and10gses recognlsed In the year. All income and expenditurg dorive from K*ntinuing actiwtie$. The statement of finandal advMles 8180 complle6 wh the requlrements for an income and eypenditure account under Ihg Companies A¢t 2006.
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED BALANCE SHEET ASAT31 OCTOBER 2023 2023 2022 Notes Flxed assets TanglIe assets Currnnt assgts st¢xks Debtors Cash at bank and In hand 12 190,171 89,943 13 14 2,209 33,726 2,029 27.571 135,683 35.935 185.283 Credltors: amounts falllng duo wlthln on• yoar 15 (22,8361 (20,670} Nel current assets 13,099 144.613 Total assets less current Ilabllities 203.270 234.556 Credltors.. amounts falllng du• after more than one year 16 (35,3911 {35,26n Not assets 167.879 199,289 Income funds Restricted funds Unr8Stricted fund Designated funds General unreSIr1ed funds 19 1,000 109,325 20 190,171 123,2921 89,943 21 166,879 89,964 167,879 199,289 10-
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED BALANCE SHEET ICONTINUED AS AT31 OCTOBER 2023 20, forVy¢ar end¥1 31 Odcè•r2023. Th• mlmbers reqirired thè corryryto an of Its f88[ slatthments lorthe yw In to the smal ¢)Jmp•niB8 nwjlme. Rllp•rt Hrn.TSth Comp•ny Reoi•lr4tlon No. 10442291
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlng pollclos Charlty Infomiation Atlantic Pacific Intemalional Rescue Llmited 1$ a tharilable company limitod by guarantee incorped in England and Vkles. The iegistered office is Hodn8nt. I18Y Street, Llanlwrt Major, les, CF61 1 RA. 1.1 Accountlng conventlo The finanry81 ststements have been prepared in 8ccor(Sance wfth the chrtys goveming doujment, the Gompanies Act 2006 and "Accounting and Reporting by chare8.. Statement of Recommended PractfC8 opplicable to cknaritie5 preparing their accounts in accordance th the Finaneial Repoln9 Standard applicatje in the UK and Republic of Ireknd {FRS 102} leffeL#1 1 January 20191- The charfty is a Pub15c Benefit Entrty a5 defined by FRS 102. The charty h8S taken advantage of the provl6ions in the SORP for thar11$ OpY1rJ FRS 102 Updok Bullelln I not lo prepare a S18tement of Cash Flows. The financl81 statemènts are prepared in sterliThJ, which is th8 functional currency of the charrty. Monetary 8mount8 in these financial statements are rounded to the rwrest £. The financial slatgmfjnts have boen pr8pored under the historical c08t convenlion. The principal accounting policies adopted are sel out below. 1.2 Golng Goncorn The charity has a policy of holding reserves to cover 3 months of 8xpenses so that In the 8vent of a lad( ol income the charity can deude how to manage any fulure operatlDnal commitments and il necessary lake measures lo closè the charity- The charity usually generates reserves by selling merchandise or generating unrestricted donation5. Merchandise 15 Usually sold via our courses and activities 81 UWC Atlantlc. Owing lo the delay in cornpletlng our bulldin9 at Royal Dod(¥ our reserves remain low as AP continue5 to rer from the financi81 hll of c8ncelling courses in 2022123 from teaching space reslriclions and also the lorger term impact of cour8e cancellation from the COVID pandemic of 20121. The Gharity did not hold free reserves al the year end as these were a negative balance of £23.292. However with the delivery of courses at Royal Dod(9 8iovAy building. and wmh regular offerings of cour¥8$ foT the foreseeable fvlure. AP anticipate that they vlll be able to increase thebr frèè reserves back up to the 3 month period by the and of 2023124. Courses as well as merchandise sales and unrestricted donations wll be th8 focus of raising funds lo achieve 12 months reserves. At the time of approving Ihe finwal slètemenls, the truslees have a re8sonable expectalirjn that the tharty has adequate resources lo continue in operalional e$tence for the foreseeable future. Thus Ihe trLElees continue lo 4dopl the going concem basis of accounting in preparing the financial statements. 1.3 Charltable fundB Unrestricted funds arg avallablg for use at the discretlon of the tnJstee8 6n furtherance of Ihelr eharitsble objectivgs. Degnated frjnds eompri8e funds %thieh have been sel a$ide at the discretion of the trustees for specrf purpose8. The Purposes and uses of the designated funds are sel wt in the notes lo Ihe fin*ncio1 statements. Restn"cted funds are subjèct to specrfic conejilions by donors os to how they may be use(J. The purposes and uses of the reslrited funds are Set out in the note5 lo Ihe finoncral statements. 1A Income Income is recognised when the charity Islggally entrtled lo il aftgr any performance conditions have been met. lh8 amounts can b• measured reliably, and it is probable that irwme will be received. 12-
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlno polkles {Contlnued) Cash donatio are recognlsed on refjpt. Other donallon$ are recognSsed once the charity has been nollfied of the donation, unless pgrformance rKlItiOnS require deferral of the amount. Income l&x recoverable in relaUDn to donations received under GiftAid or deeds of c4)venant is rowgnised at the time of the donation. Income from grants, whether 'capital' grants or 'revenue' grants, 18 recc3nised Wh the charity has entFUement to the funds, any perfOrnian conditions atlathed to the grants have been met, tt 1$ prctsble that the inccffie will te recèived and the amount can be measured rdlably and18 not dèferred. Capital grants are released to the Slalemenl of Finanryal Artiwties in the year of receipt. Fixed assets relating to capital grants are capitslised. and depreci8tfion charg&Y Is offset against the grant income, in a restrficled furttj. Summer achod fees and other charitable aGvitieS Sncclne Is recognlsed tn the year in which the servlce 18 provtded. Merd)and19e sales are reccgnised at the date of sole. Investment inc>Jrne 15 induded when recelvabie. No amounts indud8d in the ffinanaal 5tatem8nt5 for service$ donated by volunlggrs. TurrK)veT 1$ me8$ured al the fair value of the consideration recved or receivaEAe and represents amount$ receivable for goods and seNices provided In the norn)al course of buslness, net of dIunts. VAT other sales rgiated taxos. 1.6 Exp•ndltu Expenditure 1$ recognised oneE there is a legal or conslruclSve ct)ligation lo transfer enomi¢ beneffit to a third party, rt 1$ probable that a transfer of economic beneffts wll be required in settlement. and th8 amount of the obligalon can be measured rellabw. Expenditure 18 cl888rfied by activity. The costs of each aclivty are made up of Ihe total of dlr&t cost8 and shared costs, including support costs involve(1 in und9rtaking gach adivity. Direct costs attributable to a single 8Ctlvity are alloeated directly to that activity. Sh8red costs which contribute lo more than one 8CtNity and support costs whlch are not attributsble lo a slngle 8clivty are apportioned befven those acliv1t on a bas18 consistant wrth the use of resources. Central staff ¢o$l$ ar9 allo&itsd on the basis of time spent, and depreaatlon charges are all(Kaled on the portion of the as$eY¥ use. Expenditure Is recognised orte there is a legal or constructlve Ot41gaon to make a payment to a thir(I p8ty, it 18 probable that settlement wll be required and the amount of the obligation (an be measured rellably. Expenditure on charitsble aGtivthe$ in¢ludes 811 costs relating to the furtherance of the ¢haiitys objgctives as staled in the trustees report and Ihdr assodaled suprhjrt co818. Support costs hav¢ an allocated betsveen govem8nce o)sts and other support. Support Costs Includgd central fvnclions and hav8 been allocated to advity cost categorfes on a basis consistent with the use of Gov9mance costs comprise all cos18 Involwng public accounlablllty of the tharity and its compliance wrfh regulation and good pradice. 13-
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlng pollcles (Contlnuod) 1.6 Tanglble fixod assets Tangible fixed assets are initially mèasured at cost and subsequently measured al cosi or valuatic, nel of depreatIOn and any impainnent10sse$. Deweciation is recognised so as to write off the cost or valualion of ass8ts18ss their residu81 vdues over their usefjJl lives on the fdlowing bases.. Bo81 & equipment Royal Docks projad Computers Machinery & UIpMent 20% straigm line 5% straight line 33% slralghl line 33% straight line The gain or loss arising on the disposal of an asset 18 dètsmiined as the dwference befvn the sale proceeds and the carrying value of the asset, and 15 recognised in the ststemenl of financial adivilies. 1.7 Impairnient of fixed assèts At each repotting end date, the chedty revlews the carrying amounts of ib tangible assets to determine whether there is any indication that those ass91$ havg $Lrffer8d an impaimient loss. If any such Indation exists. the recover8ble amount of the asset is estimated in order lo deteIne the exient of the impairment 1088 lif any}. 1.8 St(Kks stocks are stated at the l¢)wer of cost arKI estimated sellin9 price less costs to complete ond sell. Cost comprises direct malerlals and, where applicable. direct lat(sur costs and those overheads that have been inGurred in bringing the stocks lo their present locallon and condition. Item5 held for distribution al no or ngmind considerali¢)n are measured the lower of replacement cost and cosL Net re81isable value is the estimated selling pricè les$ all estlmalèd eosts of o)mplelion and costs lo be incurred in marketiro. 8ellirv3 and distribution. 1.9 Ca$h and Gash •quivalents Cash and cash equivalents include cash in hand. deposit8 held at call wlth bank8, Other short-tsmi liquid investments origin81 maturities of three mth$ or 19s6, and bank overdrafts. 8ank overdrafts are shown wthin boThowiThJs in current liabilities. 1.10 Flnanclal Ingtruments The charity has elected to apply the provisions of Section 11 'BasiG Financial Instrumenl8' and Sectic•) 12 'Olher Financial Instruments Issues, of FRS 102 to all of its finana81 instmments. Financial instruments are ¢gnIsed in the chadtl8 balance sheet wh8n the charfty becomes party lo the contractual provision5 of thg instrument. Financial asS8ts and liabilities are offset. with the nel amounts presented in the financial statements, when Ihere is a legally enforceable right lo set off the recognised amounts and there is an intention to on a net ba818 or to reali8e Ihe asset and setue the liabllty simultsneou81y. Baslc flnanclal assets Basie financial assets, whlch include debtor8 and ca8h and b8nk balances, are initially measured at transaction price induding transacbon costs and are subsequently carried al amorbsed ¢o$l using the offtiVe interest method unless the arrangement conslitules a financing transaction, where the transaction is measured at the present value of the luture receipts discounted at a market rate of Interest. FlnancL81 assets classified as reCeiVae within one year are not amortised, 14-
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Accountlng polieiÈ$ Icontlnuedl Derncognltlon of financial asse(s Financial assets are derecognised only when the contraclual rwJhts to the CAsh from the asset expire or are sett19d, or when thè charity tranyfers the financial asset and substantially all the risks rewards 01 ownership to another entsty, or rf some slgnfficant risks and rewor(l$ of ownership are retsined but control of the asset has transferred to another party that Is able lo sdl lh8 asset in it5 entirety lo an unrelated third paty. 8asl¢ flnanclal IlabllitiOS BasiG financial liabilities, IndjIng credltors and bank loans Org initially recogni$ed at transadion wiGe unle thg arrangement constitutes a financing tran$a¢tion. where the debt instrument is measured at the present valve of the future payments discounted at a market Tale of interest. Financial liabilf(ies dafIed as payable vlthln one year are not amortiS8d. Debt instNments are $ub59quenUy 13rri8d 8t amortised o)8t. using th8 effectNe interest rgle meld. Trade creditors are obllgations to pay for gcods or servic8s that ve atqulred In the ordinary ojurse of oFerations from suppliers. Amounts payable are classffied as current liabililies ff payment is due within one year or less. If not, they are ppsented as non-currenl liabilits. Trade rJedrtors are regniSed inalty at transaction price and subsequently measured at amortised cost Using the effective interest meth(xl. Derecognltlon of finan¢lal Ilabllltlès Financial liabilllies are derecognlsed Ythen the charity's Gontr8¢tual obllg8tion8 expire or are discharged or carKelled. 1.11 Employee bgftef5ts The cost of any unused hollday enotlement is recognised in the perio(l in whth the employee's sgNice$ a received. Termin8tKJn beneffts are reccgnl8ed immedt*ely a5 an expense when the charty18 demonstrably committ&J lo temilnate the employm8nt of an employee or lo provide teminalon benèfits. 1.12 Taxatlon As a registered charty. Allantlc Pacific Inlemalional Rescug Limited is enliued to the exemption from Ltion in respect of income and capital gains received wth sections 478489 of the Corporatlon Tax Act 2010 and $8ction 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects purpo8e8 only. Crftlcal accountlng estimats8 and Judgements In the apIcatIon of the charitys accountlng pollcles, the truslees a requlred lo make ludgemenls, estimates and a88umptions about the corrying amwnt of 8S8els oTrJ Ilablliéies that are not readily apparenl from olher sources. The esllmal8s and assoeialèd assumptions are based on hi$lorical experi9n and other fact$ that are considered to relevant. Aetual results may differ from these esbmale$. The estimates arKI underlying as8umpUon8 are reMewed on an ongolng basis. Revisions to acwunting esllmates are remnised in the period in which Ihe gstimale is revised where the revion affects only that perfod, or in the pgriod of the revision and future period5 where the revlslon affeets both cuent and fvlure peri(>ds. 15-
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Donatlons and l•gacl•s Unrestrlcted Restrkted funds furtds Totsl Unrestrlcted funds 2023 2023 2023 2022 Donations and gifts 13,1C6 20,000 33.106 13,111 Charltabl8 actlvltlos 2023 2022 Summer school fees Expenses retharged Sundry income Grants Serv8 agreements and subsidies Charitable renlal income Medla Productlon 34.844 3,650 1,133 16,734 198,592 70,999 19,383 91.727 420 243 11,364 146,617 302.472 Analysis by fund Unrestricted fiJnds Restricted fijnds 146,617 104,894 197,578 Grants Reardonsmith Architects The London Borough of Newham c0ParatO 10.000 187.578 1,014 198.592 Oth•r tradlng a¢tlvllle6 UnreBtrictsd Unrgstrlcted funds funds 2023 2022 Merchandise sales 35,471 12,671 16-
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Invostmonts UmrèBtrictgd Unr•strlcted fund funds 2023 2022 Interest rgcgNabla 426 Charttabl• actlvttl 2023 2022 Staff o)sts Depre¢latlon and impalmient Materfals and tcc48 Training Merchandlse Travel and subsistence Advertising and production Prlnling, postage and stationery Telephone and IT costs Insurance Bank charg8s Lègal and professlonal Sundry expens9$ Sile and hire costs Consultancy costs Rent Interest charges 70,251 13.183 20,762 4.271 3,774 88,415 81.760 8.704 19,757 4.523 5.533 20,612 1.043 6.421 9,652 4,064 497 5,072 858 23,969 3,425 1,537 934 1,419 5,793 4.367 352 2,477 719 4,490 7,426 8.605 241,978 198,361 Share of governance sts(see 8) 5,052 2,838 247,030 201,199 An*tysl$ by fund Unrestricted furKI Rethcted fijnds 118,705 128.325 119,507 81,692 247,030 201,199 17-
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 Support costs Support Governance costs costs 2023Supp)rt costs Govemance C081s 2022 Independent examination fees 5,052 5,052 2,838 2,838 5,052 5,052 2,838 2,838 Analysed betren Charitsble activlb'eg 5,052 5.052 2,838 2,838 Gov8manc8 costs includ8s payments lo the independent examiners of £2,142 {2022.' £1.9581 for independent examlnab'on fee$ and £2,910 for ac¢ounlancy serviees12022'. £880). Trust••s None of the trustees lor any person8 ¢onne¢led wth thwnl re¢olv8d ary remunerallon or benefits from lh& charity during the current OT prior year. No twstee8 were reimbur8ed for expenses during the current year. 12022: no trustees were reimbursed for expenses during the prior yearl. 10 Employ008 Th8J average monthly number of employ89s during ttie y8ar was.. 2023 Number 2022 Number Employment costs 2023 2022 Wages and salaries 70,251 81,760 Key managem•nt personnel The key management personnel of the charity were paid a gross salary 01 £37.528 {2022'. £29,016). There were no emOyeeS ts$e annual reMuneratn was more than £60,000. 11 Taxation The ¢harty is exempt from tax on income and gains falling wthin section 505 of the TaxesAct 1988 or section 252 ofthe Taxationof Chargeable GainsAct 199210 the extent that these are applied to its charitable objects. 18-
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 12 Tanglbl• flxad assets 8oat & Royal Dock• Computer• Ma¢hlnery & qqulpment proigct •qulptr•nt Total Cost At I November 2022 AdditSons 35,422 68,089 109,888 3.165 1,399 4,342 2,125 111,018 113,412 At 31 October 2023 35,422 177.977 6,487 224,430 D&pr•¢latlon and Impalmient At 1 November 2022 Depreciatson charged in the year 18,215 7,084 2.047 1,036 814 2.097 21,076 13.183 At 31 October 2023 25.299 3.083 2,911 34,259 Carrylng amount At 31 October 2023 10.123 175.011 1.481 3,558 190,171 At 31 Octobor 2022 17,208 68,089 1,118 3,528 89.943 13 Stocks 2023 2022 Finish8d goods and goods for resale 2.209 2,029 14 Debtora 2023 2022 Amounts falllng due wlthln one year: Trade debtors Other dgblors Prepayments and accru4 income S,897 27,829 24.789 2.782 33,726 27,571 19.
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 15 Crndltorn: amounts falling duo Within ¢n• y•ar 2023 2022 Note8 Bank ba ar overdrafts Other borfowings Other tax811on and Social 8ecurtty Deferred income Trade crfrditor5 other Creditors Accruals 6,048 6.000 651 4.496 10.000 738 550 2,048 17 370 4,697 5,070 2,838 22,836 20,670 16 Credltor8: amounts falling du• aft•r morn than ono yr 2023 2022 Not08 Bank loans 18 35,391 35,267 17 Deferred Income 2023 2022 other defeTred incomé 550 Deferred income is included in the financial statements as follows.. 2023 2022 Balance brought forward Incc¥ne received Inccfflo released 550 {550} 3,650 112,6661 Bal*nts f0Thrd 550
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 18 Loans and overdrnfts 2023 2022 Bank overdrafts Bank loans Othei loans 1,103 40,336 6,000 39,763 10,000 47,439 49,763 Payable vthin one year Payable after one year 12,048 35.391 14,496 35.267 Bank loans late to a bounee beck loan obtained from HSBC. The loan was 8W8rded In November 2020wth the govemment covering the first 12 months of Interest. No repayments are required by the charity during the first 12 months of thè loan belng Issu8d. Interest is charged al 2.5% over a pertod of slx years with no éarfy repayment charges. The charty made loan repayments from December 2021 to February 2022 ond was Subsequently awarded a repayment holiday for 6 months with interest only being due. The charity recOmmerd payments frcm September 2022 to October 2022 and was then awarded another repayment holiday. The charity has recommenced payment5 from May 2023. Other loans cary a zero rate of interest and 8re Ing r8paid at £500 per month. -21
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ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 D•Signat funds The income fiJnds of Ihe charity in¢lude the following deBlgnated funds vthlth have been set aside cxrt of unreslrictod fijnds by the trustees for specific purposes.. Batanco •t RMourc•• 1 Movember 2021 Trnn•f•r• BJl)nc• at RMOur0 Tran6fern Balance at l NO¥r exp•nd 31 Octrtrr 2022 2023 Fixed 8¥set fund 56.334 18.7031 42,312 89,943 113,1841 113,412 190,171 56.334 18,7031 42,312 89,943 113,1841 113,412 190.171 Flxed asset fund Raprasents the net bc4)k value of the charity's fixed assets. -23-
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ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2023 22 Operatlng lease wmmltments At the reporting end date the charity had oulstsnding commhmenls for fijture minimumjgase payments under non-cance118ble opèratlng kn8e8, vthl¢h tsll due as follows.. 2023 2022 wrthin one year Battv8gn tswo and Ilve years 10,040 29,610 2,174 39,650 9,824 23 Related party transactions During the 2019 fin8neS81 year Atlantic Pacific Japan was registered as an Ippan Shaddan in Japan of whKh three volunteèrs of the charity are directors along with two Japanese re8idenls. During 2023, the chadty recelved £15,316 for flights £3,081 for salaries in rgbtion lo work completed on the Japan project 12022.. there was one transaction for £18,000 for the management of dellvery of JaFfjn active8.) Kale se0ell is a diret*or ofthe cornpany Creatlvg KEN. Durfng 2023, the charKy recVed 3 donations tot811ing £3,500 from Creatlve KEN12022'. £nil). During 2023, the chanty received 8n interest free klan of £1,000 frcffi Crealfve KEN. This was fully repaKI during the year and no amount8 were oulstandlng al the year ènd. {2022: no loans were given).