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 inCr￿SinglY 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 kno￿edge 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 reS￿e 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 re￿1ve 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, esp￿lalIY
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 aCcOrda￿e 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 reqUI￿d 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
De￿mber 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 (A￿o￿ntS 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 S￿￿fiC
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 dIffe￿nCe 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 Ind￿atIOn
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 re￿iVed 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
Groundy￿rk 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 Decem￿r
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-