Charlty no: IISX1423 Bolton Mountain Roscue Team Trustees Report and Financial Statements For the y&qr ended 31 Deceniber 2024
Bolton Mountain Rescue Team Contents Page l£g21 and administraiive infM))aiion Report of the tNs Report of the independeni examiner Siatement of financial activities Balan¢e sheei Note5 fonning part of the financial Sts1ellts &12
Bolton Mountain Rescue Team Legal and AthnirithtiTe lllfornulion Trustees C. ix>mas M. Banks TTeasurer All tntstees for the (]wiiy aff listol on the Chariiy Commission re¢dS ard available online at: The Charli Commission- V.UK www. ov.uk Pos181 address Bolion Mountain Rescue Team Ladybridge Hall 399 Chorley New Road Bolton. BLI 5DD Prindple locatlon North West Amlyjlance Service HQ LadYidge Hail 399 Chorley New Ro1 BolTh. BLI 5DD Independent examiner HML Davies Limited Chartered Certifd ACCnI8n & Registrred Audilors 9 Riverside Wat¢rs Meeting Road Bolton. BLI &ru Pagell
Bolton Mounlain Rescue Team eport of thÈ Trustets f4* the ythr ended 31 Dttttnber 2024 The truMees present their report along with the financial statements of the charity for ihe year ended 31 December 2024. The financial sthiemenis have been prepared in acCOrdae wilh ihe ac¢ouniing Iicies Set out on pages 7- 9 and comply wilh the charity's de¢d and applicable law. Bolion Mountain Rescue Team is an incorwyated ¢hari1gble organisation (CIO), which was 1corP)rated on 16 July 2020 {reg. I IW23) and is the legal entiiy for Bolton moun7n Rescue Team. esiablished in 1968 aThJ preVio$1Y regiskred as charity 517454. CO11¢llon and obJe¢ts Bolton Mouniain Rescue Team was founded in 1968 and conUiwtrd under a trust deed and was a registered charity no 517454 and 15 now registered a5 1 I23. The objects of the &M are: to relieve suffering and distress among per50n5 etklangered by accident or natural hazards and to provide adequate arrangement for th¢ arml ¢fficieJJt search and rescue of any such Exrson or persons so cJangered. to educate and infomi the wblic al[ the dangers of mountaineuing and of other related outdoor WTSUits and to undertake prev¢nriv¢ publicity. In furtherance of the above objeths but not further or orf)erwise:_ 10 Taise fid$ and invite and receive ContrillI0nS from any person or persons by way of subscription dOnlOnS or OdrWiSe. to do ail things as are lawfvlly for the attainment of the above thje¢ts. Organisation The principle tDLStees who have served ill the year set oui on page l. with a full list of the trustees held by the Charity Cornmission records and available via C11Y Commissions website. Tr trnstees are volunteeTS WIKY offer a wide range of attributes io the chariiy and are app)inied at an Annual General Meeting in March, as p¢r the constiiuiion. They initially Serve a ierni of thTee years. Tru5tee5 have the Fxpwer io make any major investment decisions. The tsu5tees held vinual aj in perso meetings during thc year. whereby decisions were voted upill. conversion of Bolton Mouniain R¢scue Team {Bolion MRT) ro a charitable inccryorated organisaiion (CIO) create5 a forn) of legal entity designed for non-profir organisations based in the United Kingdom. The main intended ljenefjts to this Th eniity are thai li has legal ttr50nalily and the ability to conduc( business in its own name. Page12
The Team attended 44 calls for assisiance during 2024. inclding seatrhcs. rescues and flrM)d standbys. SUPFKpning the Em¢rg¢ncy Servic¢s in our oFtrating area. During 2024 we built on the 5-year sirdiegy Bolion Mouniain Rescue Team@fA). There are four pillars of the strategy coveTing. Governance. Capabiliiy. EdU10n and Perception. By 2028 we ivill pr()vide public ¢ducL¥iion and emergency resw)nse ihn)ugh a well-i)rguni5ed. highly rraintd, inclusive ieam of expert volunfters. This will be imderyinned by sound governance. a sirncitsre which supports otsr operaiions td o sirong public profile which promotes our tybjectives. During 2024 the Managerneni and Governance structure wa5 embedded which separned the management of the Teams operations and xtivities and provided c]earer governance sInlre. The Team had one key strategic purchasing priority in 24. a review of our base l(Kations. This vIeW continued with the forn)aiion of a project am who conducied a needs ana]ysis and scoping exercise. Ai the 31 December 2024 t1C were 47 Iyeraiional memlm and 14 suprM)n grouplnon.operational members. Flnndal 8nd Investment revlew There are no restrictions on the tntst's FK)wer io inv¢st. Th¢ investment stra*gy is sei by ihe irusiees ar is to invest any fun(Ls of the trust in any investtneni authorised by law for ihe investment of trnst property or any invesunents which may be deemed advisable. The income of the tr81 is all generaied by various events and sub5CriPtions, but mainly by donation5. IHuest5nega¢ies and grnnts. The funds raised are spent on mainlaining and upgrading wemises. vehicl&s. and equipment necessary for the tNs( cary out irs obje¢tive5 and a]so the mana8¢meni and administrative costs incurred. The Team opeT&res a Winancial Reserves EKg1icy. reviewed bi-annually An April and Cktober. which increased io £52.0(Ml during 2024. Trustees. T&sp0ThbIllIles kn Ttjatkni to the fAnanrM 51a¢eJnents Law applicable io charities io England and Wal&8 requires the trustees io prepaTe financial slaiem¢nts each financial year which give a and fair view of the charity's financial activitie5 during the year and of its financial wtsition the end of the year. In Preparing those finMn¢ial SteMents. irnstres hre required io: select suitsbl¢ a¢¢(wniing tKJlici¢s and then apply ihem consistent]y: make judgements and estimatcs that are reasonable and prndent: sthie wh¢th¢r appli¢abl¢ aOUrIng standards and ststements of recommended practice have been followed subjert to any depul¢S di10$ed and explained in the finan¢i¥l stsiem¢nts' prepare ihe financial staiements on the going concern basis unless il is inappropriaie to presume Ihat the Charity will continue in Isiness. The irnsiees are resFK>Mible for keeping accouniing records which disclose with rea5¢Mable accuracy at any liffle ihe financial posilion of ihe rharily awKI enable ihem lo ensure that ihe financial statements comply with the Charities Act 2011. 11w are reSnSIble for safeguarding the asse15 of the charily and hence for tsking reasonable steps for the prcvention arnl deiection of frnud and other irre8ulatities. Pa8e13
Approved by th¢ Irusiees on 28 FebTUary 2025 a1 sigttd on their Ethalf by: Page14
BoltOD Mountsin Rescue Team Independent Examiner's Report to tht Trus*eos d Bolton Mountsin Rescue Te&m I r¢port on the accounts of the Trust for the year¢nthd 31 DeME 2024. whi¢h we sei ou¢ on pages 6tol2. The charity's trustees a r¢sFxynsibie forthe preparation of the xcounts. The charity'5 trustees consider Ihat an audii is not required for this year unthr section 144(2) of the Charities Act 2011(Ihe 2011 Act) and ihai an independent examination is needed. The charity's gross income is less than £250.(KM) and l am qualified to undertake the examination by being a qualified member of th¢ Ass(Kiation of awtrRd Certified Accountants. It is my responsibility io: examine th accounts under section 145 of the 2011 Act: lo follow the FedureS laid down in lh¢ GenETal Direct1Th given by ihe awiiy Commission under section 145(5) of the 2011 Aci): to stale wheiher panicular matteT5 have come to Jny attenlion. Basts of Independent examlners Teport My examination was caThied out in accordance with th¢ general dir¢ctions given by the Charity Cownmission. An examinalion includes a Teview of the accouniing records kept by ihe charity and a comparison of the accounts PTesenEed wilh those records. li also iTKludes consideration of any unusual Items OT disclosures in the accounts and seeking explanaiions from you as ttusrees concerning any such tnatters. The proceduTes underraken do noi provAde all the evidence that would be required in an audii. and consequently no opinion is given as io whether ihe accounts present 4 '1N¢ and fair view. and the port is limited to those mallers sel OUI ID the StatellnI below Independen¢ examiner's sthtemellt In conneciion with my examination. no matter has come to my aln[lOn. (l) which give5 me reasonable cause to Eelieve that in any materia] respect ihe requirements keep coUntIng records in accordance with section 130 of the 2011 Aa; and to prepare accounts which accord with the CoUntIng records and comply with the accounting requitemenls of the 2011 Act have tten mel. (2) to which. in my (yinion. attention shId be drawn in order to enable a proper undersianding of the accounts to ir Ched. Andrew Davies HML Davies Limited Chartered Certified Accountants & Regktered AudSto 9 Riverside Wthters Meeting Road Bolton BLI Date: 28 February 202S Page15
Bolton Mountain Rescue Team for the year ended 31 December 2024 Total Funds 2024 Tots)I Funds 2024 Funds 2023 Income frvm: Donations and legacies 2&3 58.157 58.157 58.157 58.157 73.593 73.593 EXndItre I. Raising funds Chariiable actLviiies 71.322 71.322 71.322 71.322 54,525 54,525 Ne¢ Incon/(eXpendAtUre) (13.165) {13,165) 19.068 TrDsfers between (UDds Net movement (13,165) (13,165) I9.8 Re¢oncllla¢lon offund5: To¢al funds broughi forward Transfer of reaiised revalu10 profits 193J25 193525 174.457 Total fvnds carrled forward 180.3fA) 180.3fA) 193.525 The slalement of fuwKiai acliviues includes all gains and losses ff£ognised in ihe wiod. All income and cAdIlure derive fmm continuing ]Vis. P4e16
Bolton Mountain Rescue Team BALANCE SHEEr AS at 31 DECEMBER 2024 31.Dec-24 31-Dec-23 Notes Flxed assets Tangible assets 47240 62,160 Current assets Cash at bank and in hand Debr& 182.474 4.454 183,737 .235 1869 184,972 Creditors: AnMmts talling due wlthln one year 8CK) Net current ets 185.927 IN172 Totsl &5sets less curren¢ liabllides 113.167 Funds of the Cknrity Unrestricted funds Restricted funds Revaluation re&etv¢ Totsl ¢harl¢y 180,3frf) 193,525 52.807 133.167 52,807 246a32 Approved by the trUSe$ on 28 February aNJ signed on its ihaIr by: M. Banks Treasurer Ptye17
Bolton Mountain Rescue Team Notrs io the FID•nclal steDnts for the yr ended 31 December 2024 A Accountlng lici&S Charity inforntIon Bolton Mountain Rescue Team is a chariiable Inc(Krated Organisation regisrered on 16th July 2019. The principal office is noted wi(hin the reference and adTninistrd(ivc details irt the tsusiees 1.1 Accountin8 convention Th¢ financial 51at¢meniS hav¢ beets N¢P4Ted ihe hisiorical cost cwveniion with items recognised at cosi or transaction value unless herwiSe Stsied in the relevani rK>ies io these a015. Th¢ fillanci STal¢m¢nls have k¢n preped in accOrdae wilh ihe Siaiement of Recommended Praciice.. Accounting and Rep)ning by Charities preparing thcir aeeollnts in accordance with the Financial Rep(Yting STandard appli¢abl¢ in the UK and Republic of keland (FRS 102) issued on 16 July 2014 And lIaclaI Repming Stsndard applicable in the United Kin8dom and Republic of Ireland (FRS 102) and Chariiies Act 2011. Bolion Mountain Ree Team c(Wli1u1cs a public benefit enlity a5 defined by FRS 102. The charity has taken advantsge of the provisiotL8 in the SORP fcf chariiies applying FIiS 102 Update Bulleiin I noi to prepare a Ststenxni occash Flows. 1.2 Goln8 coiieern At the time of approving the financial Aatements. the tsus*es have a reasonable expecthtion that the chariiy has adequare res¢Jurce5 to c(¥inUe in operaiional exi51ence for the foreseeable future. Thus the tNsiees continue adopt the going concertt basis. IJ Incoming Resources All In¢On is ognised once th¢ trwst h&$ entsment io the incorne, it is pmbable that the income will be received and ihe amnI of income can be measured reliably. Cash donaiions are recognised on receipi. (Xher d(K)ations are recognised once the charity has b¢en notified of ihe donaiion. Income lax recoverable in relbOn th)nations rx¢iY¢d undeT Gifi Aid or deeds of eovenarnt Is reeogiii5ed on receipt. Lncome from grants is recogni5ed when the charity h&s entiil¢ment io the funds. any perfornwice cortditions attached to the granis have been mei. il is probable thai the income will be received and the amJTht can measured reliably and is nLx defeed. Capital grants art rek2sed io the Siarement of Financial Aclivities in the year of TeceipL Fixed assets Telaiing 10 ¢apito1 gTants are capiialised, and d¢precialion charg¢d is offsd against grant income. in a Tesiricied fund until grant condition is met and ihe amounts are then transferred io unrestricted funds. The trust has nol received govern1 grants ID the peri(xJ. Pw18
Bolton Mountain Rescue Team Nole5 to the Statrments for the year ethded 31 Dettmber 2024 IA Expenditure Expenditure is r¢¢ognised once iheTe is a legal or cons¢TUCtive Obligati to transfer economic benefits commiuing the Int th pay c1 rewtrccs and the a[Unt of the obligation can be measure(L Cost5 of raising fijnds comprise ihe cthsts Èn relation io gcncratinE income such a$ furtdraisirtg expenses. Irrecoverabk VAT is charged a5 a cost againu the auiviry for which the expenditure was incurred. Charitable expendiwre compri5e5 dM)5e C{ iDCUTTEd by the chariiy in the dclivery o( its 4¢1ivili¢s and services for ils beneficiaries. li includes costs that can all(ed d1Cl1Y to such activiiies and those costs of an indirect nature nttessary to SlipErt them. IS T4b]e rued assets thpTeciw¢ion Tangible fixed assets are iniiially nSured at cost and subsequently measured ai cosi or valuaiion. n of depreciaiiijn and any impairmeni losses. Depreciation is pTovided rates calculated to WTi off the ¢oM (Y v4lu¥ion less residual v81ue of eaeh assel over its expecied useful life. as follows.. Motor vehicles Boats 25% reducing balance 15% rcducing ba]ance The gain or loss arising on the disp)sal of an asset is d¢wmined as the diflerence between the sale prted$ artd the earrying value of an ass. and is recosnised in net incomel{exttnditllre) for the 1.6 Impalnnent of Ilxed ssets At each reponing end date. the charity reviews the canying amounts of its tangible asscts lo detcrnkine wh¢ih¢r ih¢r¢ is any indicalion th iho asseis have suffered an impairm¢Dt 1955. If any such indicarion ¢xi$is. r¢¢ov¢rable anwunt of an asset is eslimated in order 10 deierniine the extent of the Impalmn( loss {ifany). Pale19
Bolton Mountain Rcue Team Ndes w the FInancI Stalements for the year ended JI December 2024 Income from donat10 and legades Total 2024 Restrkted 2023 Donations and gifis Gifi Aid PTofil on disSaI Other 47.115 47.115 68.981 2.964 2,728 8.078 8,078 1,884 58.157 58.157 73,593 Analysis of grants Restrlcted 202A 2023 Departmeni of Transwi Exd1thre ¢haritable aclivits 2024 20 Premises costs SUprt cos Management and administration ACcounwY fees Depreci&tion and loss on disposal 20,814 33.405 lJ33 850 14.919 16.507 15.897 973 19.748 71J22 54,525 Page 110
Bolton Mountain Rescue Team Not&% lo the nancial Ststements for the year ended 31 Deeember 2024 Tangible a&sets Motor vehicles Boats Total At l January 2024 Revaluation Additions Disposals 89.890 1,259 101,149 Ai 31 December 2024 89,890 .259 101,149 Depreciation Ai l Janllary 2024 Revaluaiion adjustment Charge for the year DIsS4]S 33.920 38.989 13.992 928 14.920 At 31 December 2024 47.912 5.997 53.909 Net book values At 31 December 2024 41,978 5,262 47,240 At 31 December 2023 55,970 6.1 62.160 Debtors: Amounts falling due within one year 2024 2023 VAT recoverable 4,454 .235 P4elii
Bolton Mountain Rescue Team Notes lo the Stateubents for the year ended JI December 2024 Credltors: Amounts falling due wlthln ODe ye 2024 2023 Acctuais and deferred income 800 Funds Unrestricted funds ¢OD)pris¢ tlM)se funds which the truses are free to use in a¢c(dance with the charitable objects. Restricied funds comprise ihose funds whi¢h ihe tnjstee musi use in accordance with grani provlders or b¢nefaciotS sthted requirements to achieve the charitable objects. There were no restricted funds in the tuiryl. Page112
Bolton Mountain Rescue Team The followiDg page does not fornb part of the slathlory accounts Page113
Bollon Mountain Rescue Team Deealled stalement of financial acilvities Income 58.157 73J93 Fuel Vehicle maintenance Renl Insurance Utiliii¢s Base repairs & maintenan¢¢ Cloihing cosls Water recovery Ropes Trdining costs Team dinner & wials Calln8 M¢di¢al expenses Admin costs Communications FcAJndations course costs Accountancy fees Bank charg¢s Depreciation on motor vehicl&s 1124 4.098 3.717 4,176 4,142 4.170 2,585 5.252 1.017 2.081 1,293 2.517 (41) 473 7(K) 974 11542 4.240 97 52 3.165 i.(K)I 186 850 10 19.749 14.920 71.322 54.526 Ncl (outgoing)fJrKoming resources (13.165) 19.068 Page114