## 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|||
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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|||
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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|||
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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|||
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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||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
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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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## 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.
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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
**----- End of picture text -----**
## **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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-
-
-
-|
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-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
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-
-
-
-|
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-
-
-
-|
||-
-
-
-
-|
||-
-
-
-
-|
||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
||-
-
-
-
-|
||-
-
-
-
-|
||-
-
-
-
-|
CC17a (Excel)
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1
## **Section B Balance sheet**
|Guidance Notes
**Fixed assets**
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 18)**
B06
**Debtors (Note 19)**
B07
**Investments (Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within**
**one year (Note 20)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after**
**one year (Note 20)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
**Restricted income funds (Note 27)**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**_Total funds_**
B21|**Unrestricted**
**funds**
**£**
F01
-
-
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-
-|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
- -
- -
- -
- -|**Total last**
**year**
**£**
F05|
|---|---|---|---|---|
|||||-
-
-
-|
||-|-|- -|-|
||-
-
-
-|-
-
-
-|- -
- -
- -
- -||
|||||-
-
-
-|
||-|-|- -|-|
|||||-|
||-|-|- -||
||||||
||-|-|- -|-|
||||||
||-|-|**-**-|-|
|||||-
-|
||-
-|-
-|- -
- -||
||||||
||-|-|-
-|-|
||-|-|-
-
- -
-||
|||||-
-
-|
||-|-|- -|-|
CC17a (Excel)
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## **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)
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## **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.|Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
|
|---|---|
CC17a (Excel)
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**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.
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