2020-12-31-accounts - Glossop Mountain Rescue Team

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Section C: Notes to the accounts Trustees’ annual report for the period

Period start date 1 0 1 2 1 9 Period end date 3 1 1 2 2 0 Charity No

Charity name Glossop Mountain Rescue Team 1 1 8 6 8 6 2 (if any)

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To save life and alleviate distress primarily in the Peak District’s upland and mountain areas.
Summary of the main activities in relation to those purposes for the public beneft, in particular, the activities, projects or services identifed in the accounts.	Para 1.17 and 1.19	We are called out by the police in response to a 999 request for help. The person(s) requesting help will either be injured or lost or both. The ambulance, fire or police services will be unable to attend due to the nature of the terrain i.e. mountainous.
Statement confrming whether the trustees have had regard to the guidance issued by the Charity Commission onpublic beneft	Para 1.18	The Trustees are aware of the guidance in respect of public benefit

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its benefciaries and any wider benefts to society as a whole.	Para 1.20	The Charity was registered on 10 December 2019 in order to create a CIO with the intention to transfer the operations and assets of Glossop Mountain Rescue Team, an Unincorporated Charity (1039742) in 2021 to the CIO. Until February 2021 the Charity had no operational or financial activities, whilst the necessary governance and administrative steps were progressed by the Trustee's of both Charitites to transfer the assets of Glossop Mountain Rescue Team 1039742 to the Charity. As a consequence the accounts show nil financial activity and zero assets/liabilities for the accounting period.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Financial Review

	SORP reference
Review of the charity’s fnancial position at the end of the period	Para 1.21	Total funds zero.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	We maintain sufficient reserves to be able to operate efficiently and effectively whilst being conscious of the fact that monies raised for charitable purposes are done so to further the objects of the charity.
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22	Not applicable
Details of fund materially in defcit	Para 1.24	Not applicable
Explanation of any uncertainties about the charity continuing as a goingconcern	Para 1.23	No concerns

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Structure, Governance and Management

Description of charity’s trusts:	SORP reference
Type of governing document (trust deed,royal charter)	Para 1.25	CIO Constitution
How is the charity constituted? (e.gunincorporated association,CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are elected annually at the charity’s AGM

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charityworks	Para 1.51
Relationship with any related parties	Para 1.51
Other

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Reference and Administrative details

Charity name	Glossop Mountain Rescue Team
Other name the charity uses
Registered charity number	1186862
Charity’s principal address	Glossop Police Station Ellison Street Glossop SK13 8BX

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
Lee Grant	Chairman
Keith Montgomery	Secretary
Andrea Minshull	Treasurer
Patrick Haley
Julien Minshull
Ian Bennett
Chris Gregory
Mark Privett
Dan Oakes

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Reference and Administrative details (cont)

Corporate trustees – names of the directors at the date the report was approved

Director name None

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
None

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October 2016

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Funds held as custodian trustees on behalf of others

Description of the assets held in this Not Applicable capacity Name and objects of the charity Not Applicable on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe Not Applicable custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

The Charity was registered on 10 December 2019, consequently this first Trustees' Annual Report runs from the date of registration to 31 December 2020, being a period of longer than twelve months. Future accounting periods will run for twelve months.

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Nigel Hackney

Position (eg Secretary, Secretary Chair, etc)

Date 27 September 2021

Charity Accounts templates – Trustees’ annual report for the period

October 2016

----- Start of picture text -----
Charity Name Charity No
Glossop Mountain Rescue Team (if any)
1186862 SOFA
Annual accounts for the period
Period end
Period start date 10/12/2019 To date 31/12/2020
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Section A Statement of financial activities

Recommended categories by activity Guidance Notes Incoming resources (Note 3) Income and endowments from: Donations and legacies S01 Charitable activities S02 Other trading activities S03 Investments S04 Separate material item of income S05 Other S06 S07 Resources expended (Note 6) Expenditure on: Raising funds S08 Charitable activities S09 Separate material item of expense S10 Other S11 S12 S13 Net gains/(losses) on investments S14 S15 Extraordinary items S16 S17 S18 Other gains/(losses) S19 S20 *Reconciliation of funds:* S21 S22 *Total* *Net movement in funds* Total funds brought forward *Total funds carried forward* *Total* Net income/(expenditure) before investment gains/(losses) Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05 - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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CC17a (Excel)

27/09/2021

Section B Balance sheet

Unrestricted funds £ F01 - - - -	Restricted income funds £ F02 - - - -	Endowment funds Total this year £ £ F03 F04 - - - - - - - -	Total last year £ F05
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CC17a (Excel)

27/09/2021

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

The Charity meets the definition of a public benefit entity under FRS 102. These accounts have been prepared under the historical cost convention with items recognised at historical cost or transaction value unless otherwise

The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014; and with the Charities Act 2011.

1.2 Accounting Period

The Charity was registered on 10 December 2019, consequently the first account period runs from the date of registration to 31 December 2020, being a period of longer than twelve months. Future accounting periods will run for twelve months.

1.3 Going concern

The trustees are of the view that there is no material uncertainty in relation to the charity's ability to continue as a going concern.

1.4 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note 2.

CC17a (Excel)

27/09/2021

Section C Notes to the accounts (cont)

Note 2 Accounting policies

2.1 APPLICATION OF ACCOUNTING POLICIES

As disclosed in Note 3, the Charity undertook no operational or financial actvities in the accounting period, therefore as indicated the accounting policies detailed below have not been applied.

2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a".

Recognition of income
2.4 ASSETS
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met
Tax reclaims on
donations and gifts
· it is more likely than not that the trustees will receive the resources; and
 the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
They are valued at cost.
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
These are capitalised if they can be used for more than one year, and cost at least
£500
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
Creditors
The charity has creditors which are measured at settlement amounts less any trade
discounts
Tangible fixed assets for
use by charity
The depreciation rates and methods used are disclosed in note 9.2.
Governance and support
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Settlement of insurance
claims
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA
These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable
can be measured reliably.
2.3 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Current asset
investments
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.

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CC17a (Excel)

27/09/2021

Section C Notes to the accounts (cont)

Note 3 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

The Charity was registered on 10 December 2019 in order to create a Charitable Incorporated Organisation (CIO) with the intention to transfer the operations and assets of Glossop Mountain Rescue Team, an Unincorporated Charity (Registered Charity - 1039742) in 2021 to the CIO. Until February 2021 the Charity had no operational or financial activities, whilst the necessary governance and administrative steps were progressed by the Trustee's of both Charitites' to transfer the assets of Glossop Mountain Rescue Team (Registered Charity - 1039742) to the Charity. As a consequence the accounts show nil financial activity and zero assets/liabilities for the accounting period.

CC17a (Excel)

27/09/2021