Charity registration number 1186781 CENTRAL BEACONS MOUNTAIN RESCUE TEAM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
CENTRAL BEACONS MOUNTAIN RESCUE TEAM CONTENTS Pagg Trustees. report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 10-19
CENTRAL BEACONS MOUNTAIN RESCUE TEAM TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial statements for the year ended 31 December 2023. The financial slalemènts have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the ¢harily's goveming document, the Charities Act 2011 and "Accounting and Reporting by Charities". Slalemenl of Recommended Practice applicable lo charities preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191" ObJectlv&s and actlvltles The objects of the charity are.. For the public benefit. the relief of suffering and distress of those endangered by acudenl or natural hazard, principally in South and Mid Wales bul without geographical limitation by". a. Searching for and rescuing people in difficulties in mountainous regions or inhospitable environments. b. Raising awareness of mountain safety. c. Developing rescue techniques and provide training, induding technical training applicable to searching for and rescuing people in difficulties in mountsinous regions or inhospitsble environments. d. Working effectively with other sCUe services such as the police, ambulance, fire and rescue and Coastguard services. Publlc beneflt The trustees have given due regard to the guidance from the Charity Commission on public benefrt and are satisfied that the objectives and activities of CBMRT provide a public benefit. Implementing the Aims and Objectives CBMRT maintsined its operational readiness in providing a search and rescue service 24 hours a day throughout this period. The landscape in the area we serve is charaderised by the central section of the Brecon Beacons including Pen y Fan Ilhe highest mountsin in South Wales). Cribyn and Corn Du as well as the Yslradfellte waterfalls. Area of operation also covers Cardiff, Newport and the South Wales valleys. CBMRT assist people in mountainous, rural and urban areas. CBMRT take the leading role in searching, slabilising and evacuating missing children and young persons,. elderfy persons," persons with wellbeing issues", people with learning difficulties who have wandered away from their home base, the rescue of injured people, providè a 4x4 capability for the health service in extrème weather and a flood water SAR response capability to the respective fire services. The charity ensures all stalulory and legal requirements are mel regarding the charity. The significant activities undertaken that contribute to the achievement of CBMRT objectives include.. operational readiness for being called out through undertaking training, which Is a critical part of the team lrfe and where required national standards are Implemented and followed. ensuring we are represented at Mountain Rescue England and Vvales," South Wales Search and Rescue Association,. All Wales Mountsin Rescue meetings., and relationships with our stslulory partners.
CENTRAL BEACONS MOUNTAIN RESCUE TEAM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Achlevements and perfom)ance In our report for 31 December 2023, we said that our principal objectives were lo.. strengthen our operations to become more resilient. further develop our engagement and representation in the search and rescue communty. develop a more reliable funding base. develop effective governance for CBMRT. and develop CBMRT as a sustainable conscious organizalion. CBMRT, throughout the period. has carried out the objectives as stated in its constitution and is satisfied it has met any objectives that have been set. From 1 January to 31 December 2023 the team responded to 99 incidents during this period. The team mainly respond to the tourist hotspots such Yslradfellte Waterfalls, Brecon Beacons and Bike Park Wales. With these incidents CBMRT worked closely with the 3 other Mountain Rescue teams (Brecon, Longlown and Western Beacons),. helicopters of the Maritime Coastguard Agency,. Air Ambulance and NPAS,. the 3 Police Forces (Dyfed, Gwent and South Walesl.. the 2 Fire and Rescue Services Isouth Wales plus Mid and Wesl Walesl,. Welsh AmbLJlance Service NHS Trust and HART (Hazardous Area Response Team). In 2023 team member's who had provided more than 5 years Servi to Mountain Rescue were awarded a commemorative medal created to mark the coronation of King Charfes. During the year the team celebrated ils 60th year anniversary. There were a number of celebrations.. 27th April 2023". the team were honoured with a visrt from the Prince and prin$$ of Wales where the team showed them various mountsin res¢ue activities from ab$eiling. ¢asually handling. drone and the search dogs. 9th May 2023.. Chair of Trustees, Penny Brockman, and Huw Jones, Team Leader represented the team al Royal Garden Party, Buckingham Pala, having been awarded the Queen's Platinum Jubilee Medal In 2022. 8th July 2023.. The team attended the South Wales Police annual Open Day event al SVVP HQ, Bridgend, with display of equipment and demonslralions. Al the event the team was presented with the Chief Conslable's Commendation of Service by, Mr Jeremy Vaughan, CC of South Wales Police. 2nd August 2023.. The team hosted a 'Meel The Team. event at Summit Climbing Cenlre, Trelewis, where a number of demonstrations and interactions with the public were carried out. The event concluded with a talk, Q&A about the team and its history, and a raffle of donated prizes. Over £2,000 was raised for team funds. 28th September 2023.. The team was presented an award from the Gwent Association of Voluntary Organisalions IGAVOI for their work in the Gwent Communty. 21st October 2023.. The team had an anniversary celebration dinner in Cardiff. 11 was a celebration of 60 years serving the communities of South Wales. The team were joined by Assistant Chief Conslable Rachel Bacon and Peter Vaughan, QPM, CStJ, Lord Lieutenant of Mid Glamorgan. strengthening Operations Training Team members continue to train lo a high standard in a range of skills. To support us in the inCrSinglY wdening variety of callouts which we respond lo, our training conts.nues lo adapt and diversify our ski115. To achieve this, CBMRT trains nearly every Thursday and one Sunday in the month, as a minimum. Again because of the diversification and increasing skill level requirements, additional training regularly now tskes place outside the core Thursdays and Sundays.
CENTRAL BEACONS MOUNTAIN RESCUE TEAM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 During this period training covered supporting team members in their core skills induding technical training, search and medical. As well as supporting strengthening the team's specialist skills. i. Driving During this period, a large amount of driver training look place for both supporting advancing driving, blue light response and off-road driving. Our Blue Light driving capability places us in a good position for upcoming "Section 19 Regulation Changes for emergency response driving. ii. Water Our Water Rescue Group maintained Operational capability through training to ensure standards were maintained wth those who have Defra level 3 SwifbNater Rescue Technician SRT. 5 SRTS prequalified In December 2023 and our Water & Flood Rescue capability is currently.. 2 Defra level 2 Instructors, 10 level 3 SRTS. iii. Drones During the year the team started lo investigate in having drone capability. In the earfy part of the year there was a visit to South Wales Police Drone Unit to discuss their drone capability and understsnd more how they operate and what regulation has to be followed. In November, 2 members of the team were able lo become Drone Pilots having achieved the A2 Cofc certification and GVC certification. Equlpment During this period, through grants and fundraising, CBMRT continues to be able to issue every operational team member with a soft-shell jacket, a Gore-Tex waterproof jacket and waterproof over trousers. The jackets have all been the same for everyone. whereas because of the need for fit requirements. the over trousers have needed to have been more individualised albeit to an agreed standard of fabric and colour. In 2023, the team Ilhrough fund raising) purchased 4 PPE Harnesses for rope rescue training and rescue incidents. This marked the start of the move towards team assists for rope rescue PPE to enable a future move away from the requirements of team members purchasing and using personal harnesses. Resource Our January 2023 intake began with 9 new members, of which 4 successfully finished their Foundation programme in Autumn 2023. In readiness for a bLJSy Summer 2023 period, our Foundation members were gradually integrated early for operational purposes Icalloutsl. This has worked well previously and will be repeated as appropriate in the future. We continue to relain most of our members with a very low level of members leaving during the period. Members who continue with the team are all operational members who are advancing their journey of obtaining the skills and knoedge lo become an experienced mountain rescue member of the team. Engagement and Representatlon CBMRT is both a member of South Wales Search and Rescue Association and Mountain Rescue England and Wales, where there are several meetings that take place during the year which we attend. We continue to work closely with the other local rescue teams in South Wales, such as Police, Ambulance Service, and Fire and Rescue Services, Local Resilien Forums and specialist groups such as Yslradfelyte Water Group. There are numerous co-ordination meetings that are attended by various members of the team. These are essential to ensure that CBMRT keep5 pace with what Is taking place in the search and reSe wod and maintaining inleroperabilily.
CENTRAL BEACONS MOUNTAIN RESCUE TEAM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Fvn(Iralslng and Publlc Relatlons While the charity is not officially registered with Fundraising Regulator (FRI we are working to the Fundraising Regulators Code of Conduct and standards CBMRT does not use the services of a Professional Fundraiser or a Commeraal Partiapator to carry out any fundraising aclivilies. CBMRT have not received any complaints concerning our fundraisers or aclivilies. The charity's principal funding sources during this period was from sponsorship arrangement with Bike Park Wales, supporting the Quest Challenge and OTh events, as well as unsolicited donations and grants. Also, the team provided education and community events which ensure we maintain a good profile in the local community. This has been underpinned with social media. This has not been an easy time for fundraising.. providing education and supporting community events. This was able lo limit the impact on any loss income. The previously mentioned Summit Centre event in 2023 was deemed a big success for both public engagement and fundraising and this type of event already looked at, along wi(h other types, for the future. Improvlng governance The Board of Trustees have implemented two projects. One of these is strengthening the team's poliaes and procedures and the other is improving our risk management framework. Flnanclal rgvlew The charity received total unrestricted incoming resources of £50,352 12022.. £32,316) and expended total unrestricted SoUrceS of £68,623 12022. £88,071). The organisalion had an unrestricted deficit for the year before transfers of £18,271 12022." £55,755 deficill. Unrestricted reseNes at year-end were £452,26512022'. £470,536) of which £200.75012022.' £224,532) related to fixed assets. The free reserves of the Charity (excluding fixed assets and designated ftjndsl totaled £241,320 12022. £246,004). Reserves policy The Iruslees have agreed that il is prudent lo maintain a level of reserves sufficient to meet at least 24 months of unrestricted expenditure to finance cash flow requirements and to provide safeguards against a fluclualing rate of income. Our Currènt level of reserves Isufficienl for 24 months) is consistent with this policy. Also, the nature of the rescue teams work is such that there is a relatively high risk that subslanlial funds could be needed al short notice lo replace items. The trustees have also agreed to designate reserves lo support the building of a reswe base. Investment policy The Iruslees recognise that the reserves policy means that significant amounts of cash may be held for a lime. The trustees therefore seek to obtain income through investment only through guaranteed capital and Inte$1 generating safe inveslmenls. The trustees review this policy each year. Rlsk management The charity has implemented an updated organisational risk register with an adion plan which has been signed off by the trustees. They have assessed the major risks lo which the charity is exposed, in particular those related lo the operations and finances of the charity. The trustees are satisfied that systems and actions are in place to mitigate the charity's exposure lo the major risks. The Iruslees have identified that the principal risk lo the charity in common wth many charities is the maintenance of a level of income to meet the nèeds of the organisalion. The Trustees have implemented an annual budget process to manage spend lo support managing the financials and therefore the reserves of the charity.
CENTRAL BEACONS MOUNTAIN RESCUE TEAM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Plans for the future The principal objectives of CBMRT are like those of the previoLJS financial year. They are to.. • continue to strengthen our capability for operational resilience. continue to raise funds to cover our running costs. further develop our engagement and representation in both the search and rescue and public community, both locally and nationally. develop a more reliable funding base. develop effective governance for CBMRT. Develop CBMRT as a sustainably conscious organisalion. Structure. govemance and management CBMRT is a CIO wth a registered charity number of 1186781 and an association constitution dated 5 December 2019. The charity has over 50 volunteers who undertake highly specialised search and rescue operations for people in the mountainous and less hospitsble regions in the South Wales gIon. A board of trustees, appointed in accordance with the constitution of CBMRT, govems CBMRT. Vacancies are advertised and potential candidates are assessed. Candidates are then presented to a general meeting of the CBMRT members. which elects the trustees. TrLJStees are elected for a term of three years. The trustees hold the ultimate responsibility for all legal and financial matters transacted in the name of the charity. They are responsible for the general control and management of the charity. CBMRT provides an induction for new trustees. The Iruslees delegate the day-lo-day operational management lo the Team Leadership and the management committee comprising of the elected officers, and as well the Operations Group. In turn. work is ddegaled lo a range of specialist sub-committees, each chaired by an individual ¥Arith experien of that specialism. All these people- trustees, officers and members are themselves volunteers.. they re1ve no remuneration other than reimbursement of reasonable expenses. No member of the board of trustees had any beneficial interest in any contract with CBMRT during the year. And finally CBMRT is solely reliant on volunteers who not only carry out search and rescue operations in all weathers throughout the year, bul they also train on a weekly basis lo maintain capability. On top of this they fundraise to ensure the team has the ftjnds lo maintain itself operationally. On a daily basis, the commitment, time and energy that members give for others is impressive, esplalIY considering it is free and team members gel no automatic reimbursement for any of their expenses when attending training or callouts. Wilhoul this dedication from our team members none of this would be possible. The Iruslees would therefore like to pla on record our deep appreciation and gratitude for all the work our team members do and as well the support of their families, wilhoul whom the team members could not do what they Thank you.
CENTRAL BEACONS MOUNTAIN RESCUE TEAM TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Reference and admlnlstratlve detslls Charity name Central Beacons Mountsin Rescue Team Other names used CBMRT Charity number 1186781 Prlnclpal offic9 Alels Accountancy Services Ty Derw Lime Tree Court. Mulberry Drive Cardiff Gate Business Park Ponlprennau, Cardiff CF23 8AB Tru$t99$ Penny Brockman OBE Simon Brolhwood Huw Jones MBE Jonathan Goddard Carys Angharad Rees- appointed 1911 or23 Elisabeth Bradon appointed 17105123 Paul Thomas- appointed 20104123 Indepondont examiners A2ets Audit Services Ty Derw LimeTree Court Cardiff Gate Business Park Cardiff CF23 8AB Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling ME19 4TA LLoyds Bank PLC 25 Gresham Street London EC2V 7HN The trustees, report was approved by the Board of Trustees.
CENTRAL BEACONS MOUNTAIN RESCUE TEAM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CENTRAL BEACONS MOUNTAIN RESCUE TEAM I report lo the Iruslees on my examination of the financial slalements of Central Beacons Mountain Rescue Team Ilhe charity) for the year ended 31 December 2023. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in acwrdance with the requirements of the Charities Act 2011 (the 2011 Acti. I report in respect of my examination of the charity's finanryal statements carried out under seclion 145 of 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 examinerfs statement Your attention is drawn lo the fact that the charty has prepared financial statements in aCcOrdae with Accounting and Rèporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities". Statement of Recommended Practice issued on 1 April 2005 which is referred lo in the exlanl regulations bul has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 that in any material respect.. accounting records were not kept in respect of the ch8rily as reqUId by section 130 of the 2011 Act," or the financial statements do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the form and conlenl of accounts Set out in the Charities (Accounts and Reports) Regulations 2008 other than any iequiremenl that the accounts give a true and fair view which is not a maller considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the financial slalements lo be reached. Joanne Taylor FCCA DChA Azets Audit Services Ty Derw. Lime Tree Court Cardiff Gale Business Park Cardiff CF23 8AB United Kingdom 30 September 2024 Dated..........................
CENTRAL BEACONS MOUNTAIN RESCUE TEAM STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted Restrlcted funds funds 2023 2023 Total Unrestricted Restricted funds funds 2022 2022 Total 2023 2022 Notes ncome from. Donations and legacies Charitable activities Other trading ath"vities Investments 32,952 4,152 12,875 373 32,952 5,530 12,875 373 17,468 5,520 9,163 165 500 1,378 17,968 6,898 9,163 165 1,378 Totsl Income 50,352 1,378 51,730 32,316 1,878 34,194 Raising funds 726 726 247 247 Charitable activities 67,897 1,378 69,275 87,824 2,878 90,702 Totsl resources expended 68,623 1,378 70,001 88,071 2,878 90,949 Net expenditure for the yearl Net movement in funds 118,2711 118,2711 155,7551 11,000} 156,7551 Fund balances al 1 January 2023 470,536 470,536 526,291 1,000 527,291 Fund balances at 31 December 2023 452,265 452,265 470,536 470,536 The stslemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure tlerive from continuing aclivilies.
CENTRAL BEACONS MOUNTAIN RESCUE TEAM BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notss Flxgd assets Tangible assets 200,750 224,532 Current assets Debtors Cash at bank and in hand 14 10,158 254.544 33,315 225,319 264,702 258,634 Creditor$: amounts falllng dug wlthln one year 113,1871 {12,6301 Net current assets 251.515 246,004 Total assets less current Ilabllltles 452,265 470,536 In¢om9 funds Unrestricted funds Designated funds General unrestricted funds 17 210,945 241,320 224,532 246,004 452.265 470,536 452,265 470,536
CENTRAL BEACONS MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Charity infomiation Central Beacons Mountain Rescue Team is a Charitsble Inwrporated Organisalion registered on 5th Dember 2019 governed by it's CIO-Association document. The principal office is noted within the reference and adrninistrative details in the trustees report. 1.1 Accounting convention The finanaal statements have been prepared In accordance with the charity's governing document, the Charities Act 2011 and 'Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191" The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (AontS and Repgrtsl Regulations 2008 only lo the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practi for charities applying FRS 102 rather than the version of the Statement of Recommended Practi which is referred lo in the Regulations but which has since been withdrawn. The finanaal statements are prepared in sterfing, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1.2 Going concern Al the lime of approving the financial slalements, the Iruslees have 8 reasonable expectation that the charity has adequate resources lo wntinue in opèrational existence for the foreseeable future. Thus the Iruslees continue to adopt the going concern basis of accounting in preparing the financial stalemenls. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been sel aside al the discretion of the trustees for SfiC purposes. The purposes and uses of the designated ftjnds are set out in the notes to the financial statements. Reslricled funds are subject lo specific conditions by donors as to how they may be used. The purp)ses and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally enlilled lo il after any performance conditions have been met, the amounts can be measured reliably, and il is probable that Income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performan Conditions require deferral of the amount. Income lax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the lime of the donation. Event, fundraising and membership income is recognised in the period in which the income relates. 10-
CENTRAL BEACONS MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounllng poll¢lg$ Icontlnugdl Income from grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity enlillemenl lo the funds, any performance conditions attached lo the grants have been met, it 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 Statement of Financial Activities in the year of receipt. Fixed assets relating to capital grants are capitalised, and depreciation charged Is offset against the grant income, in a reslricled fund until the grant condition is met and the amounts are then transferred to unrestricted funds. Tumover is measured al the fair value of the consideration received or receivable and represents amounts receivable for goods and seNices provided in the normal course of business, net of discounts, VAT and other sales related taxes. 1.5 Expenditure Expenditure is recognised On there is a legal or Constructive obligation lo make a payment to a third paty, it 1$ probable that settlement will be required and the amount of the obligab'on Can be measured reliably. Costs of raising funds comprise the costs in relation to generating income such as fundraising expenses. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for its beneficiaries. It includes both costs that Can be allocated directly lo such activities and those costs of an indirect nature necessary to support them. Govemance costs include those costs assoaaled with meeting the conslilutional and statutory requirements of the charity and include the examination fees and costs linked to the strategic management of the charity. I costs are allocated between the expenditure categories on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly", others are apportioned on an appropriate basis. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation, nel of depreciation and any impaimient losses. Depreaation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Clothing and equipment Fixtures and fittings Computers Motor vehides 20k straight line 200h straight line 25% reducing balance method 250A reducing balance method 250A redLJcing balan method The gain or loss arising on the disposal of an sssel is determined as the dIffenCe between the sale proceeds and the Carrying value of the asset. and is recognised in the stslemenl of financial activities. 1.7 Impairment of fixed assets Al each reporting end dale, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such IndatIOn exists, the recoverable amount of the asset is eslimaled in order to determine the extent of the impairment loss lif any).
CENTRAL BEACONS MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ounllng poll¢lg$ Icontlnugdl 1.8 Cash and cash equival8nl$ Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-temi liquid investments wth original maturities of three month5 or less, and bank overdrafts. Bank overdrafts are shown thin borrowings in current Iiabililies. 1.9 Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balan sheet when the charity becomes party lo the conlraclual provisions of the Inslrumenl. Financial assets and liabilities are offset, wf(h the net amounts presented in the financial stalemenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo settle on a nel basis or to realise the asset and sellle the liability simultaneously. Basic financial assets Basic financial assets. which include debtors and cash and bank balances. are initially measured * transaction pri including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amortised. Derecognition of financial assets Financial assets are derecognised only when the contractual rights lo the cash flows from the asset expire or are settled, or when the Charity transfers the financial asset and substsntially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained 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. 8aslc flnanclal liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing Iransaclion, where the debt instrument is measured at the present value of the future payments discounted al a market rate of interest. Financial liabilities dassified as payable wthin one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rale 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 subsequenuy measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are dèrecognised when the charity's contractual obligations expire or are discharged or cancelled. 12-
CENTRAL BEACONS MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the Iruslees are required to make judgements, estimates and assumptions about the Carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are ¢onsidered lo be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects cnly that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legacies Unrestricted funds Unrestricted Restricted funds funds Total 2023 2022 2022 2022 Donations and gnls 32,952 17,468 500 17,968 Donatlons and glfts Donations and gifts Other 33,395 14431 15,468 2,000 500 15,968 2,000 32,952 17,468 500 17,968 Charltable actlvltles 2023 2022 Services rendered Fuel reimbursement Grants 3,802 350 1,378 3,572 1,948 1,378 5,530 6,898 Analysis by fund Unrestricted funds Restricted funds 4,152 1,378 5,520 1,378 5,530 6,898 13-
CENTRAL BEACONS MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Other tradlng actlvltles Unrestricted Unrestricted funds funds 2023 2022 Events and ftjndraising 12,875 9,163 Investments Unrestricted Unrestricted funds funds 2023 2022 Interest receivable 373 165 Ralslng funds Unrestrl¢ted Unrestrl¢ted funds funds 2023 2022 Fundraisin and ublici Fundraising costs 726 247 726 247 14-
CENTRAL BEACONS MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charltable actlvltles 2023 2022 Depreciation and impaimienl Communications and IT General office costs Fuel costs Rescue services Sundry costs Event costs Cost of Sales 24,984 5,742 6,705 2,252 21,530 2,714 2,573 510 47,214 3,602 9,178 3,479 24,377 618 353 300 66,990 89,121 Share of support costs (see note 91 Share of governance costs (see note 91 60 2,225 81 1,500 69,275 90,702 Analysls by fund Unrestricted funds Restricted funds 67,897 1,378 87,824 2,878 69,275 90,702 Support costs Support Governance Costs costs 2023 Support Governance costs costs 2022 Bank charges 60 60 81 81 Independent examination fees 2,225 2,225 1,500 1,500 60 2,225 2,285 81 1.500 1,581 Analysed between Charitable activib'es 60 2,225 2,285 81 1,500 1,581 Governance costs includes payments lo the independent exarniners of £1,95012022.' £1,500). 15-
CENTRAL BEACONS MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Trustees No trustees were paid in the year12022." no trustees were paidl. No Iruslees were reimbursed for expenses during the year12022.' no trustees were reimbursed expenses). The charity received membership fees from 2 trustees lotslling £192 12022.. 8 Iruslees lolalling £4951. No trustees purchased equipment12022.' 2 trustees totalling £1811. The charity reiVed income from no trLJStees 12022.. 1 trustee collected donations totalling £3491. No Iruslees contributed towards any training courses 12022.. no trustees conlirbuled towards any training courses). 1 Iruslee is a director ol the company GNU. Services were provided lo the charity during the year which tolalled £4,193.12022. £nill. 11 Employees The average monthly number of erllployees during the year was.. 2023 Number 2022 Number Total There were no ernployees whose annual remuneration was more than £60,000. 12 Taxation The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable GainsAct 1992 to the extent that these are applied to its charitable objects. 16-
CENTRAL BEACONS MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 14 Debtors 2023 2022 Arnounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 2,706 6,654 798 4,124 28,754 437 10,158 33,315 15 Crgdltors: amounts falllng du9 wlthln ong year 2023 2022 Trade creditors Accruals and deferred income 11,237 1,950 11,130 1,500 13,187 12,630 16 Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balanr£s of donations and grants held on trust for speafic purposes.. Movemont In fund$ Incomlng Resources Balance at resources oxpended1 January 2023 Movemanl In fund$ Incomlng Resources Balance at resources expended 31 Decemb&r 2023 Balance at 1 January 2022 Groundwork UK South Wales Search and Rescue Trecatti Trust 1,000 11,0001 1,378 500 11,3781 15001 1,378 11,3781 1,000 1,878 12,8781 1,378 11,3781 Groundyrk UK Grant received lo purchase protective equipment. South Wales Search and Rescue Grant received lo support the operational and running costs of the team. Tr8catti Donation received to Support the operational and running costs of the team 18-
CENTRAL BEACONS MOUNTAIN RESCUE TEAM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 17 Deslgnated funds The Income funds of the chaiily include the following designated funds which have been sel aside out of unrestricted funds by the Iruslees for specific purposes". BalanGe at 1 January 2022 ResourGe5 expended Transfers BalanGe at 1 January 2023 Resource5 ÈxpÈndÈd Transfers BalanGe at 31 Decemr 2023 Fire recovery Fixed assets Bislech Helen and Rachel In MemDry- Peter Howells Other- Designated 169,018 259,569 1169,0181 12,177 {47,2141 224,532 124,9641 1,182 1,540 200,750 1,540 8,655 8,655 11,048) 1,048 16071 607 428,587 {47,2141 1156,8411 224,532 126,6191 13,032 210,945 Flre recovery The designated funds relates lo the insurance claims received due lo the fire in November 2017. These are being held to be applied to the refurbishment of our base and in the future the building of a new rescue base. Fixgd assets The designated funds relates the net book value of fixed assets held within the charity. Movement relates ID depreciation, additions and disposals during the period. 8istech The designated fund is lo support training. Halen and Rachel The designated fund is lo provide family ftjndraising lo support the team of two ladies that died in the waterfalls. In Memory- Peter Howells The designated funds relates lo donations provided in memory of the ex Team Leadei Peter Howells. These funds were designated lo purchase team dolhing for team members. Other- Deslgnated Fund The designated fund is relating lo fundraising by Team Members where ftjnds were designated to purchase rescue equipment. 18 Related party transactlons There were no disclosable related paty transactions during the current or prior period. 19-