Charity registration number 1185605
Company reglstratlon number 10442298 (England and Wal&sl
ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
CONTENTS
Page
Trustees. report
Independent examiner's report
Statement of financial activities
Balance sheet
9-10
Notes lo the fin8ncial slalemenls

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 OCTOBER 2024
The trustees present their annual report and financial statements for the year ended 31 October 2024.
The financial statements have been prepared in accordan￿ with the accoLJnting policies set OLJt in note 1 to the
financial statements and comply with the charitls governing document, the Companies Act 2006 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
IFRS 1021 (effective 1 January 20191"
Oble¢tlves and a¢tlvltles
Executive summary
Atlantic Pacific International Rescue is a Non-Governmental Organisation INGOI with a simple purpose.. to
redu￿ global drowning. Atlantic Pacific's charitable objectives (Objects) are specifically restricted to the
following..
to save lives at sea and on inland waters throughout the world for the public benefit including wilhoul
limitation..
to promote safely and provide relief from disaster al sea and on inland waters.,
to provide technical expertise, training, equipment and the use of intellectual property lo Individuals,
schools, colleges. associations and corporate bodies involved in the development andlor building of
lifeboats or lifeboat slalions.,
to build lifeboats and place them in areas of need.,
to engage in community projects related to the development of lifeboat stations-
to sel standards for marine rescue organisalions.
About our organisation.. vision, mission, values
Atlantic Pacific International Rescue is an NGO with a simple vision.. to redu￿ global drowning.
"In 2019, an estimated 236,000 people died from drowning, making drowning a major public health
problem worldwide. In 2019, injuries accounted for almost 80/0 of total global mortality. Drowning is the
3rd leading cause of unintentional injury death accounting for TO/0 of all injury-relaled deaths" (Wortd
Health Organisation)
We have now rebranded. Historically, we used the moniker Atlantic Pacific. Lifeboats Where There Are None.
Going forward, we will use the strapline Atlantic Pacific, Institute of Humanitarian Action IAPIHAI. We
believe that this new lille represents our project in more holistic terms and prevents confusion. This rebrand now
allows us the opportunity to promote the range of different projects that we do more accurately and highlights the
fact that we are an organisation with education at the forefront of what we do.
Within the portfolio of APIHA we offer a range of different programmes.. Search and Rescue ISARI al Sea, Boat
Building, Casually Care, Psychological First Aid, Introduction lo Medicine, Ocean Revival, as well as our
commercial courses such as RYA PBII and, soon lo be added, STCW. We are also looking al developing new
courses such as Migration Studies, Humanitarian Logistics and Field Engineering.
We are in the process of looking for a permanent home for the APIHA, allowing individuals lo spend extended
periods of time working with us and in lum creating a larger population of aid providers. Our hope is that we may
be able to locate the center of the project in a facility near lo our existing London station. We wll, however, use
the identity of APIHA from now on.
A full proposal for this project is in development and we are very pleased that we will officially ￿ launching the
project al a conference funded by Lloyd's Register al the end of 2025.
The Iruslees have paid due regard lo guidance issued by the Charity Commission in deciding what adivilies the
Charity should undertake.

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
What we do: products and services:
Products..
Our products include a series of training courses that lake place across our three siles.. London, South Wales
IUWC Atlanlicl and Kamaishi (North East Japan). We have now developed routine programmes including..
APAC.. A partnership programme with UWC Atlantic in South Wales which includes working two
8ftemoons 8 week with 8 cohort of 34 students. The activities include Search & Rescue 8t Se8, B08t
Building and Maintenance, Ocean Reviv81 and Casually Care.
In London we continue to deliver our Casualty Care, SAR Fundamentals and RYA PB 11 course. We now have
plans to add an STCW course and will explore other potential prodLJcts moving forward.
Services:
UWC Atlantic.. Ongoing programme preparing young people to work in the emerggn¢y servi¢es and lo
provid& aid in the artras whtrrtr il is most needed.
Consultsn¢y.' We arg increasingly receiving enquiries about how we might help other organisations wth
specialist skills and training. We are now exploring the potential of establishing a more defined
¢onsultan¢y department, allowing us to respond more Su￿$$fullY to the growing demand from
humanitarian organisations in the field.
Atlantic Pacific Japan.. Our work in Japan ￿Ntinues. Our summer camp programme will celebrate its
6th year in the summer of 2025. We have also begun lo work with more schools Ibolh local and
inletnalionall lo develop more programmes and opportunities for young p8ople to get involved with
humanitsrian and environmtrnlal projects.
Sea and further afield.. Our sea-going programme continues through our work with UWC Atlantic, and
we have re¢ently completed our 8th summer school programme where we trained a further 16
individuals Ilhis lips us over the 1,000 people trained mark). We are now looking al adding more
professional ¢ourses to OLJr portfolio and a team has begun the process of preparing our London facility
to be able to deliver STCW training.
Boat Design and Building.. We have recognised that our ambition to build boats will need more
significant reSoUr￿S than those we currently have. Even though this is central to the ambitions of the
organisation, we realise that we will need to grow and appeal to more expert individuals to help us
develop this project.
Edu¢atlonal Outrea¢h.' Centr81 to our work is our edLJ¢ation81 outreach programme, which is now
experiencing growth with many more enquiries and other educational inslilules keen lo work with us.
Our partnership with UWC Atlantic has acted as a proof of concept and, with the introduction of new
projects underAPIHA, we are now able to offer a wide range of ways for other organisations to work with
us. We believe this will become central to the expansion of APIHA and we are investing significant time
to ensure that we capitalise on these opportunities.

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Achievements and performance
During the year ended 31 October 2024, the charity Continued lo make progress in delivering it5 objectives of
reducing glob81 drowning and expanding hum8nilari8n education.
The organisalion rebranded lo Atlantlc Paclflc, Instltute of Humanltarlan Actlon IAPIHA}, better reflecting
the breadth of its activities and providing a platforrn for future growth.
Training programmes werg delivergd a¢ross threo ¢enlrgs in London, South Wales IUWC Atlanti¢l and
Kamaishi, Japan, covering Search and Rescug, Casualty Care, Boat Building, 0¢gan Revival and RYA PBII.
Preparations ¢ommen¢ed for the addition of STCW training in London.
The APAC partnership with UWC Atlantic wntinued su¢¢essfLJlly, engaging 34 students each week in
humanitarian and maritime skills training.
In Japan, Ihe 6th summer camp programme was delivered, alongside expanded engagement with both local
and international schools.
The 8th summer school trained a further 16 participants, taking the total number of individuals trained since
inception to over 1,000.
Educational outreach and consultancy activity increased, with growing demand from schools and
humanitarian organisations.
Progress was made in developing long-lerm plans for a permanent home forAPIHA near London, lo support
residential training and research.
Looking ahead, the charity is preparing lo launch APIHA forrnally al a conference in 2025, supported by Lloyds
Register. The Iruslees are confident that the charty is well placed to expand its impact and strengthen its
contribution lo humanitarian action in the year ahead.
Financial review
The charity recorded an overall deficit for the year of £14,707 12023.. deficit £31,410) split between an
unrestricted deficit of £13,707 12023.. surplus £76,91518nd 8 restricted deficit of £1,000 12023.. ddi¢it of
£108,325). The reslricled deficit relates lo the liming difference betwesn expenditure of funds and recognition of
income.
Al the year trnd the reserves lotslled £153,172 12023.. £167,879) which consists of unreslricled restrrves of
£153,17212023.' £166.8791 and restricted res&rv&s of £nil12023.' £1,000). The charity did not hold frtre reserves
at the year end as thèse were a nggative balance of £28,67712023". Tho Charity did not hold free restrrves al the
year end as these were a negative balance of £23,292).
The Charity has a poliw of holding reserves to ¢over 3 months of expenses so that in the event of a la¢k of
income the Charity can decide how to manage any ftjture operational commitments and if necessary, take
measures to close the ¢harity. The ¢harity usually generates reserves by selling merchandise or generating
Ljnrestricted donalions.
Merchandise is usually sold via our courses and activities at UWC Allantic. Owing numerous factors in 2023124,
AP continues to recover from the financial hit of the delay in opening our London training facility and Ihe lack of
speed to promote and recruit to courses there. However as of July 2025, AP has built back its 3 month reserves
after a successful first half of the 2024125 financial year.

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Structure, governance and management
The organisation is a Private UK Company Limited by Guarantee wilhoul Share C8pilal. 11 is named as AU8nli¢
P8¢ific Intern81ion81 Rescue Limited with Companies House in the UK, registered number 10442298,
Incorporated on 24 Odober 2016.
Allanlic Pacifi¢ International Res¢ue Limiltrd was register8d with the Charity Commission on 3 October 2019 with
tho registered numbor of 1185605.
The Charity is govgmgd by th8 Memoondum and Articles of Incorporation dated 24 October 2016.
The Trustees are Directors of the ￿MpanY and have been recruited by the Management.
The Management board are responsible for the day to day delivery of the company and Charity and report
directly to the Trustees. AP International currently has 5 Trustees. Christian Pegrum joined as a Director and
Trustee on the 1 st March 2025.

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Reference and administrative details
Charity name
Atlantic Pacific International Rescue Limited
Charity number
1185605
Company nurnber
10442298
Trustees
John Go¢ek
Martin Mctigue
Rupert Harrison
Marie Lerycke- rosigned 1810312024
Saul Andrew Mendelssohn
Christian Pegrum appointed 0110312025
Registèred offl¢g
Hodnant
Wesley Street
Llantwil Major
Wales
CF61 1RA
Independent examiners
Azets Audit Services
Ty Derw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
London hèad offlca
1008 Dockside Road
London
E16 2QT
Key Management Personnel and Charity representstives
Kale Sedwell
kale
atlantic
acific.or
.uk
Robin Jenkins
Website:
Facebook-
Twitter-
htt .-Iltw
Instagram=
htt ..Ilw￿￿.In

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Rup•rt Harrlson .Tn
D*ed: 29Ill8j2￿..

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
I report to the Iruslees on my examination of the financial statements of Atlantic Pacific International Rescue
Limited Ilhe charityl for the year ended 31 October 2024.
Responsibilities and basis of report
As the trustees of the charity land also ils directors for the purposes of company lawl you are responsible for
the preparation of the financial statements in accordance with the requirements of the Companies Act 2006
(the 2006 Acti.
Having satisfied myself that the financial slalements of the charity 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 the
charity's financial statements carried out under section 145 of the Charities Ad 2011 (the 2011 Act). In carrying
out my examination I have followed all the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent examlnerfs statement
sin￿ the charity's gross income eX￿ded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or
the financial slalemenls do not accord wth those records", or
the financial slalemenls do not Comply with the a¢counling requirements of section 396 of the 2006 Act
other than any requirement that the a¢¢ounls give a true and fair view whi¢h is not a matter ¢onsidered as
part of an independent examination., or
the financial statements 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 IFRS 102}.
I have no concerns and have come across no other mallers in connection ￿rith the examinats'on to which
attention should be drawn in this report in order lo enable a proper understanding of the finanryal statements to
be reached.
Cralg Yearsley FCCA
Azets Audit Services
Ty Detw
Lime Tree Court
Cardiff Gate Business Park
Cardiff
South Glamorgan
CF23 8AB
United Kingdom
Dated..
30 Aug￿1 2￿25

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2024
Unrestricted Restricted
funds
funds
Total
Unrestricted Restricted
funds
funds
As r&stated
2023
Total
As rostatèd
2023
2024
2024
2024
2023
Notes
fr
Donations and
legacies
Charitable activities
Other trading
a¢tivilies
Investments
29,975
213,587
29,975
223,587
13,254
177,581
20,000
33,254
177,581
10,000
1,638
192
1,638
192
4,359
426
4,359
426
Total Income
245,392
10,000
255,392
195,620
20,000
215,620
Charitsble activities
259,099
11,000
270,099
118,705
128,325
247,030
Net expenditure for the
yearl
Nat mov8m8nt In funds
113,7071
{1,0001
114,7071
76,915
1108,3251
131,4101
Fund balances al 1
November 2023
166,879
1,000
167,879
89,964
109,325
199,289
Fund balances at 31
October 2024
153,172
153,172
166,879
1,aOO
167,879
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
BALANCE SHEET
ASAT31 OCTOBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
Current assets
Stocks
Debtors
Cash 81 bank and in hand
12
181,849
190,171
13
14
1,593
2Q,725
1,443
2,209
33,726
23,761
35,935
Creditors.. amounts falling due within
one year
122,2721
122,8361
Nel current assets
1,489
13,099
Total a$$ots l&$s eurront Ilabllltle$
183,338
203,270
Creditor5-. amounts falling due after
more than one year
16
130.1661
{35,3911
Net assets
153.172
167,879
Income funds
R8Strict8d funds
Unrestricted funds
Designated funds
Ggneral unrestricted funds
18
1,000
181,849
128,6771
190,171
123,2921
153,172
166,879
153,172
167,879

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
BALANCE SHEET (CONTINUED)
ASAT31 OCTOBER 2024
ynpary is enbtled to the exefflpti￿ ftr#n aLwJrt reqiirem•nt txntained in 477 ofthe Companie$A¢t
20￿, for the yew ended 31 l>l0￿￿2024.
Th• threths Twmsibilities frx comptjfjry requirements of ts Compgries Ac* 2006
ilh respe(I to K¢cuKin9 recwjs and th• Weparati￿ of finan(ial ststemwx>
members have not Tw￿[¢d the c¢)mpany to obtain ￿ WM*t ol ib ￿ateMents for the year in questi
These financaal statements haw beffi yepared in KCOrd￿ *ith the WOViSK>ns applicable lo cAxnpanies sJbJect
to th0 Small (*mpanie$ wme.
Thefln
29 August 2025
Rup•rt HarTlson. Truste•
Company Reglstratlon N(k 11)442298
10-

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies
Charity information
Atlantic Pacific International Rescue Limited is a charitable company limited by guarantee incorporated in
England and Wales. The registered office is Hodnant, Wesley Street, Llantwit Major, Wales, CF61 1 RA.
1.1 Accountlng convèntlon
The financial statements have been prepared in accordance with the charity's governing document, the
Companies Act 2006 and "Accounting and Reporting by Charities.. Slalement of Recommended Practi
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" The charity is a Public
Benefit Entity as defined by FRS 102.
The charity has tsken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin
1 not lo prepare a Slalerllenl of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going Concern
The charity has a policy of holding reserves to cover 3 months of expenses so that in the event of a lack of
income the charily can decide how to manage any fLJture operational commitments and if ne￿Ssary, take
measLJres to close the charity. The charity Ljsually generates reserves by selling merchandise or generating
unrestricted donations.
Merchandise is usually sold via our courses and activities at UWC Atlants'c. Owing numerous factors in
2023124, AP continues lo recover from the financial hit of the delay in opening our London training facility and
the lack of speed to promote and recruit to courses there. However as of July 2025, AP has built back its 3
month reserves after a successful first half of the 2024125 financial year.
At the time of approving the financial statements, the trustees have a reasonable expectstion that the charity
has adequate resources lo continue in operational existence for the foreseeable future. Thus the trustees
continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitsble funds
Unrestricted funds are availablg for use at the dis¢retion of the Irustges in furthgrance of their ¢haritsble
objèctivès.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific
purposes. The purposes and uses of Ihe designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted fvnds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the Charity is legally entitled lo il after any performan￿ ¢ondilions have been mel,
the amounts can be measured reliably, and il is probabl8 that income will be received.
Cash donations are rècognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions ￿qUIre deferral of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation.

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies
IContinued}
Income from grants, whether 'capilal' grants or 'revenue' grants, is recognised when the charity has
enlillemenl lo the funds, any performance conditions attached to the grants have been mel, il is probable that
the income will be received and the amount can be measured reliably and is not deferred. Capital grants are
released to the Slalemenl of Financial Activities in the year of receipt. Fixed assets relating lo capitsl grants
are capilalised, and depreciation charged is offset against the grant income, in a reslricled fund.
Summer school fees and other charitable activities income is recognised in the year in which the service is
provided.
Merchandisg sales are recognised at the date of sale.
Investment income is included when receivable.
No amounts are included in the financial statements for services donated by volunteers.
Turnover is measured at the fair value Df the consideration received or receivable and represents amounts
receivable for goods and setvices provided in the normal course of business, nel of discounts, VAT and other
sales related taxes.
During the year it was discovered that some training course income had been analysed as merchandise sales
incorrectly. This has been adjusted for Ihe currenl and prior year. There was no change to the lotal income or
the overall surplusldeficil reported.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit lo a
third party. it is probable that a transfer of economic benefits will be required in settlem8nt, and the amount of
the obligation can be measured reliably.
Expenditure is classified by activity. The Costs of each activity arts made up of the total of dir&t costs and
shared ￿$ts, including support costs involved in undertaking each activity. Dirtrcl Costs attributsbltr to a single
activity are allocated diredy to that activity. Shared ¢osts which contribute to MO￿ than one activity and
support costs which are not attributable to a single activity are apportioned between those activities on a basis
Consistent with the use of resources. Central staff Costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it
is probable that settlement will be required and the amount of the obligation can be measured reliably.
Expenditure on charitable activities includes all costs relating to the furtherance of the charitls objectives as
stated in the trustees report and their associated support costs.
Support costs have been allocated between governan￿ costs and other support. Support costs included
central functions and have been allocated to activity cost categories on a basis consistent ¥Mth the use of
resources.
Governance costs comprise all costs involving public accounlabilily of the charty and its compliance wlh
regulation and good practice.
12-

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies
IContinued}
1.6 Tangible fixed assets
Tangible fixed assets are initially measured al Cost and subsequently measured al Cost or valuation, net of
depreciation and any impairment losses.
Dèpreciation is r8cognis8d so as to write off thè cost or valuation of assets18SS thèir rasidual values ovar their
useful lives on the following bases..
Boat & equipment
Royal Docks project
Computers
Machinery & equipment
20 /0 straight line
50/0 slraighl line
330/¢ straight line
33 /0 straighl line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At e8¢h ￿porting end dale, the Charity reviews the carrying amounts of ils tsngible assets to determine
whether there is any indication that those assets have sUffe￿d an impaimenl loss. If any such indi¢alion
exists, the recoverable amount of the asset is estim8ted in order lo determine the exlenl of the impairment
loss lif any).
1.8 Stocks
stocks are slated al the lower of cost and estimated selling price less costs lo complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks lo their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the eslimaled selling pri￿ less all eslimaled costs of completion and costs to be
incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-tem liquid
investments w((h origin81 malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in ¢urrenl liabilities.
1.10 Financial instruments
The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls.
Financial instmmenls are re¢ognisod in the ¢harily's balanc$ sheet when the charity becomes party lo the
contractual provisions of tho instrument.
Financial assets and liabilities are offset, with thg ngt amounts presented in the finanryal ststements, when
there is a legally enfOr￿able right to set off the re¢ognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
8asiG financial assets
Basic financial assets. which include debtors and cash and bank balances, are initially measured at
transaction price inclLJding transaction costs and are SLJbsequently carried at amortised cost using the effective
interest method unless the arrangement constitLJtes a financing transaction, where the transaction is
measLJred at the present value of the future receipts discounted at a markel rate of interest. Financial assets
classified as receivable within one year are not amortised.
13-

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Accounting policies
IContinued}
DereGognition of financial assets
Financial assets are derewgnised only when the contractual rights to the cash flows from the asset expire or
are settled. or when the ¢h8rity transfers the financial asset and substantially all the risks and rewards of
ownership to another entity, or if some significant risks and rewards of ownership aro retsined but control of
the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third paty.
Basic financial liabilities
Basic financial liabilities, including Creditors and bank loans are ini118lly recognised 81 transaction price unless
the arrangement ¢onstilutes a financing transaction, where the debt instrument is MeasU￿d at the p￿sent
value of the fLJture payments dis¢ounled al a market rate of interest. Finan¢ial liabilities Classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interesl rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of flnanclal Ilabllltles
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.11 Employee benoflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the ernploymenl of an employee or to provide lerminalion benefits.
1.12 Taxatlon
As a registered charity, Allanlic Pacific International Rescue Limited is entitled lo the exemption from taxation
in respect of income and capital gains received with sections 478489 of the Corporation Tax Act 2010 and
section 256 of the Taxation of Chargeable Gains Act 1992 to the exlenl that these are applied lo its charitsble
objects purposes only.
Critical accounting estimates and judgements
In tha application of thè charity's accounting polici8S, the trustèès are required lo makè judgèm&nls, gstimatés
and assumptions about the carrying amount of assèts and liabilitias that arè not readily apparènt from othèr
sources. The estimates and associated assumptions are based on historical experience and other factors that
are eonsidered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accoLJnting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and futLJre periods where the revision affecis both current and future
periods.
14-

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Donations and legacies
Unr8strictèd
funds
Unrèstricted Rèstrictèd
funds
funds
Total
As rostat8d
2023
As rostat•d
2023
2024
2023
Donations and gffts
29,975
13,254
20,000
33,254
Charitable activities
A8 restated
2024
2023
Summer school fees
Sundry income
Service agreements and subsidies
Charitable rental income
Media Production
7,294
11,348
204,877
34,844
19,383
122,691
420
243
68
223,587
177,581
Analysis by fund
Unreslricled funds
Restricted funds
213,587
10,000
177,581
223,587
177,581
Other tradlng actlvltles
Unrestri¢ted Unrestri¢ted
funds
funds
As restated
2023
2024
Merchandise sales
1,638
4,359
15-

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Investments
Unrèstrictèd Unrostrict•d
funds
funds
2024
2023
Inter8St r8cèivable
192
426
Charltabla actlvltlès
2024
2023
Staff costs
D8pr8ciation and impairm8nt
Materials and Iwls
Training
Merchandise
Travel and subsistence
Advertising and production
Printing, postage and ststionery
Telephone and IT costs
71.290
18,824
19,242
70.251
13,183
20,762
4,271
3,774
88,415
4,684
1,419
5,793
616
106,250
9,973
3,879
3,751
F Il
Insuran
Bank charges
Legal and professional
Sundry expenses
Site and hire costs
Consultsn¢y ¢osls
Rent
Interest charges
3,071
609
3,487
1,277
9,386
2.000
9,600
934
4,367
352
2,477
719
4,490
7,426
8,605
990
264,189
241,978
Share of governance costs Isee note 81
5,910
5,052
270,099
247,030
Analy$l$ by fund
Unrestricted funds
Restricted funds
259,099
11,000
118,705
128,325
270,099
247,030
16-

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
Support costs
Support Governance
costs
¢osts
2024Support costs Governance
costs
2023
Independent examination
fees
5,910
5,910
5,052
5,052
5,910
5,910
5,052
5,052
Analysed between
Charitsble activities
5,910
5,910
5,052
5,052
Governance costs includes payments to the independent examiners of £3,30012023: £2,142) for independent
examination fees and £2,610 for accountsncy services12023.. £2.91 C>1.
TNstees
Nonè of the trustees lor any persons ¢onne¢ted with theml received any remuneration or benefits from the
charity during the current or prior year.
1 trustee was reimbursed for expenses during the current year totalling £1,660 12023.. no trustees were
reimbursed for expenses during Ihe prior yearl.
10 Employees
The average monthly number of employees during the year was..
2024
NuM￿r
2023
Numbar
Employment ¢o$ts
2024
2023
Wages and Salaries
71,290
70,251
Key management personnel
The key management personnel of the charity were paid a gross salary of £37,47312023.' £37,528).
There were no employees whose annual remuneration was more than £60,000.
11 Taxation
The charity is exempt from tsx on in¢ome and gains falling within section 505 of the Taxes Act 1988 or se¢lion
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied lo its charitable objects.
17-

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
12 Tangible fixed assets
Boat & Royal Docks
equipment
project
Computsr8 Machlnery &
equipment
Total
Cost
At 1 November 2Q23
Additions
35,422
4,000
177,977
6,502
4,564
6,467
224,430
10.502
At 31 October 2024
39,422
184,479
4,564
6,467
234,932
D&pr8clatlon and Impalrm8nt
At 1 November 2023
Depreciation charged in the year
25,299
6,707
2,966
9,142
3,083
820
2,911
2,155
34,259
18,824
At 31 October 2024
32,006
12,108
3,903
5,066
53,083
Carrylng amount
At 31 October 2024
7,416
172,371
661
1,401
181,849
At 31 October 2023
10,123
175.011
1,481
3,556
190.171
13 Stocks
2024
2023
Finished goods and goods for resale
1,593
2,209
14 Dèbtors
2024
2023
Amounts falling due within one year-
Trade debtors
Other debtors
5,897
14,828
5,897
27,829
20,725
33,726
15 Creditors: amounts falling due within one year
2024
2023
Notes
Bank loans and overdrafts
Other borrowings
Other taxalion and social security
Trade creditors
Other creditors
A¢cruals
17
5,011
4,500
6,048
6,000
651
370
4,697
5,070
7,927
4,834
22,272
22.836
18-

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
16 Creditors: amounts falling due after more than one year
2024
2023
Notes
Bank loans
17
30,166
35,391
17 Loans and overdrafts
2024
2023
Bank overdrafts
Bank loans
Other loans
1,103
40,336
8,000
35,177
4,500
39,677
47,439
Payable within one year
Payable after one year
9,511
30,166
12,048
35,391
Bank loans relate lo a bounce back loan obtained from HSBC. The loan was awarded in November 2020 with
the govemmenl covering the first 12 months of interest. No repayments are required by the charity during the
first 12 months of the loan being issued. Interest is charged at 2.5°/o over a period of six years with no earfy
repayment charges. The charity made loan repayrnenls from December 2021 to February 2022 and was
subsequently awarded a repayment holiday for 6 months with interest only being due. The charity
recommenced payments from September 2022 to OctoL)er 2022 and was then awarded another repayfflenl
holiday. The charity has recomrllenced payments from May 2023. In November 2023, the charity was
awarded a repayment holiday for 5 months with interest only being due
Other loans carry a zero rale of interest and are being repaid al £500 per month.
19-

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
18 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balan￿S of
donations and grants held on trust for spècific purposes..
Movement in funds
InGoming
Re$our¢es
Balance at
resources
expended 1 November
2023
Movement in funds
InGoming
ResoU￿e$
resources
expended
Balance a¢
1 Novembpr
2022
Balance al
31 Octobpr
2024
Reardonsmit
h Archilects
The London
Borough of
Newham
Lloyds
Register
10,000
110,0001
10,000
110,0001
109,325
1109,3251
10,000
19,0001
1,000
11,0001
109,325
20,000
1128,3251
1,000
10,000
111,0001
Rgardonsmith Archit&ct$
Funding re￿iVed to cover training and intern costs.
The London Borough of Newham
Funding received to assist following the restrictions during Covid 19.
Lloyds Register
Funding was received for salaries to develop a psychological first aid manual.
19 Dasignatod funds
The income funds of the charity indude the following dasignaled funds which have been set asidtr out of
unrestricted funds by Ihtr Irusletrs for specifi¢ putPOS&S'.
Balance at
1 November
2022
ReSoU￿e$
expended
Transfers
Balance at
1 November
2023
Resources
expended
Transfers
Balance at
31 October
2024
Fixed asset
fund
89,943
113,1841
113,412
190,171
118,8241
10,502
181,849
89,943
113,1841
113,412
190,171
118,8241
10,502
181,849
Fixed asset fund
Represents the nel b(x)k value of the charity's fixed assets.
20-

0> i?
a)
*co
Corr

ATLANTIC PACIFIC INTERNATIONAL RESCUE LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
21 Operating lease commitments
At the reporting end dale the charity had outstsnding commitments for future minimum le8se payments under
non-can¢ellable operating leases, which fall due as follows..
2024
2023
Within one year
Between two and five years
10,040
17,570
10,040
29,610
27,610
39,650
22 Related party transactions
During the 2019 financial year Adantic Pacific Japan was registered as an Ippan Shadan Hojin in tspan of
which three volunteers of the charity are directors along with two Japanese residents.
During 2024, the charity received £11,102 for management of delivery in relation to work completed on the
Japan projecl12023.' there were 2 transactions totalling £18,397 relating to flights and salaries in relation to
work completed on Ihe Japan projecl.I
During 2024, the charity received invoices from AP Japan lolalling £28,964, of which £17,543 related lo 2023
12023.. £nill. At the year end £6,602 was outstanding12D23'. £nil was outstanding at the year endl.
Kale Sedwell is a director of the company Creative KEN.
During 2024, the charity received 3 donations lotalling £650 from Creative KEN12023.. £3,500I.
During 2024, the charity received an interest free loan of £1,000 from Creative KEN. This was fully repaid
during the year and no amounts were outstsnding al the year end.12023.. £1,000).
Previously, Isobel Jenkins, the mother of Key Management Personnel Robin Jenkins, provided a loan to
Atlantic Pacific of £10.000. there was £4,500 oulslanding at the year end12023.. £8,500)
23 Prior Year Adjustment
During the year it was discovered that some training wurse income had been analysed as merchandise sales
in¢orrectly. This has been adjusted for the current and prior year. There was no change to the totsl income or
the overall surplLJsldeficit reported.
22-