2023-12-31-accounts

Charity registration number 1192607

CONISTON MOUNTAIN RESCUE TEAM

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

CONISTON MOUNTAIN RESCUE TEAM

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

The trustees

Charity number

Mr J R Carroll Mrs J Coe Miss J Hamilton Mr C Walker Mr R Jones Miss J E Leese Mr A Ribchester Ms C Judge Ms A E Edwards

1192607

Deputy Team leader Treasurer Team Leader Vice Chair Deputy Team Leader Trustee Equipment Officer Chair Secretary

CIO registration number CEO22899 Principal address Old Furness Road Coniston Cumbria LA21 8HU

Independent examiner

Ian Thompson FCA Saint & Co Chartered Accountants The Old Police Station Church Street Ambleside Cumbria LA22 0BT

CONISTON MOUNTAIN RESCUE TEAM

CONTENTS

	Page
Trustees' report	1 - 3
Independent examiner's report	5
Statement of financial activities	6 - 7
Balance sheet	8
Statement of cash flows	9
Notes to the financial statements	10 - 23

CONISTON 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 statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply 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 (FRS 102)" (effective 1 January 2019).

Objectives and activities

To relieve suffering and distress amongst persons endangered by accidents or natural hazards and to provide adequate arrangements for the secure and efficient search and rescue of any person or persons so endangered.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

Coniston Mountain Rescue Team was the first rescue team of its kind in the UK. The first official recorded rescue for the team was on 13th April 1947.

2023 was another very busy year for the team with 66 incidents recorded, up 22% from the previous year, and equalling our 2015 peak. The proportion of incidents that required a full team (10 or more attendees) rose from 63% in 2022 to 71% in 2023.

December was a particularly busy month because of the 12 inches of snow which fell while the Grizedale Stages Rally and the Hawkshead Christmas Fair were taking place. The team attended 9 incidents over 3 days around the valleys and forests.

Several team members achieved Long Service Awards in 2023, for service of 10 years or more, including one for 60 years of service.

Fundraising

Team members have continued to support the local community by running stalls or providing marshalling support and the amount of events attended and funds raised has increased. We have also run talks and hosted educational groups at the base.

Events of particular note included an exhibition on our 75yrs which went on display at The John Ruskin Museum in Coniston from mid-January 2023 until 26th March. The exhibition showed equipment, past and present, photographs going through the years and much more.

In May an art exhibition was also held on our behalf by a local artist. This was a successful event.

We have continued to work with our Supporters group to manage a range of non-operational aspects of the team e.g. keeping the website up to date, cleaning the base, attracting donations, collecting donation boxes, and dealing with the transfer of standing orders and gift aid to the new CIO accounts and many other ad hoc requirements.

Training

The team continues to train regularly to maintain competence and capability, with highlights in 2023 being the Annual Winter Skills Training in the Cairngorms and a particular focus on Emergency Response Driving, Offroad Driving and Casualty Care Recertifications. The Aspirant Team Member programme remained active in 2023 with 4 Aspirant Members joining the team.

The training programme continues to focus on areas of competency and capability that the team require; with areas such as medical, technical rope rescue, search, driving, navigation, stretcher handling and risk management being covered. Attendance at training is recorded and monitored by the committee at regular intervals.

• 1 -

CONISTON MOUNTAIN RESCUE TEAM

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review

2023 was the first year that Coniston Mountain Rescue Team operated solely as a CIO. During this year the unincorporated charity was closed down completely.

The CIO’s net income for the year was £137,624 (2022: £696,304 which included £616,658 as the transfer of assets from the unincorporated charity and £79,646 of income). This income was obtained from fundraising projects, sale of merchandise, legacies, donations from individuals and donations from organisations. Included in the latter is £14,000 (2022: £9,000) from various donations and legacies received via the Lake District Search and Mountain Rescue Association.

The raising of income from the sale of merchandise was a new venture for Coniston MRT which started in April 2023. Between April 2023 and year end £397 was raised as profit for the charity in this way.

Total expenditure in 2023 on charitable activities was £53,756 (2022: £38,976).

Reserves and Investment policies

Coniston MRT’s policy is to endeavour to hold a minimum of two year’s operating costs as financial reserves. Funds are invested in such a way as to provide a reasonable return on investment and having enough readily-accessible capital available if large expenses arise.

Funds are continuing to be invested in various different funds via the Flagstone investment platform, which organisations such as Coniston MRT can access via CAF (Charities Aid Foundation). In each case an investment of up to £85,000 is made for one or two years only in case the funds need to be accessed.

On 31st December 2023 total reserves were £741,050 (2022: £657,328) of which, £33,000 were restricted and £388,025 are designated, which leaves remaining unrestricted reserves on 31 December 2023 of £320,025. The reserves are greater than those required to be in line with the charity's reserve policy.

Funds held have been designated to finance the purchase of new rescue vehicles and to provide capital for the building of a new Mountain Rescue Team base. Two restricted funds are held to finance additional insurance cover and provide training about trauma counselling.

Plans for future periods

Alongside our ongoing objectives (as outlined under Objectives and activities), we are working towards redeveloping our team base. This is an expensive endeavour, and we are currently in the early stages of planning and fundraising, which will continue over the next few years.

The base redevelopment will result in modernised facilities, including improved storage space and garaging for our vehicles. This will enable us to improve our operational efficiency both when responding to incidents and in the day-to-day running of the base.

The new base will also accommodate a family room, providing casualties, their families and friends with privacy and a degree of comfort, which is currently lacking. In addition, as part of the new base there will be a village resilience store containing equipment and supplies to help in case of future storms or other emergencies.

Structure, governance and management

Coniston Mountain Rescue Team was founded in 1947 as an unincorporated charity governed by its constitution adopted 20th January 1976 and subsequent amendments to 28th March 2019. In October 2020 the trustees and members of Coniston Mountain Rescue Team applied to the Charity Commission to transfer from an Unincorporated charity to a Charitable Incorporated Organisation (CIO) and was registered as a CIO as a new charity 1192607 on 1st December 2020. The CIO is governed by its constitution adopted on 1st December 2020 and amended in May 2023. In 2023 the unincorporated charity was closed down completely and Coniston Mountain Rescue Team operated solely as a CIO.

• 2 -

CONISTON MOUNTAIN RESCUE TEAM

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

Organisational structure

Coniston Mountain Rescue Team is managed by a Committee of trustees appointed by a general meeting of the charity. Trustees are elected into Committee positions that vary in term from 1 year to 5 years and at the end of each term they may seek re-election or stand down. In addition the trustees may appoint other trustees, either to replace a current trustee who has resigned or to fill a required purpose, provided the total number does not exceed 11.

This March we have various positions to be elected:

• Secretary and Treasurer (both 1-year terms)

• Vice Chair (as per the Constitution, the current Vice Chair is due to step up to Chair)

• Training Officer and Medical Officer, as the holders of these roles stepped down in 2023

Methods adopted for the recruitment and appointment of new trustees

When there is a need for new trustees the existing trustees look to select suitable candidates who, through past experience and qualification, would continue the policy of enabling a broad input to their decision making.

Policies and procedures adopted for the induction and training of trustees

Policies and procedures are in place for the induction and training of new Trustees. However, in recognition of the vast experience which is evident amongst the current Trustees, there are no plans for the training of Trustees at present. The Trustees are aware that if the need arises, they will of course arrange such training to be carried out.

The trustees' report was approved by the Board of Trustees.

Ms A E Edwards

Trustee

12 March 2024

• 3 -

CONISTON MOUNTAIN RESCUE TEAM

STATEMENT OF TRUSTEES' RESPONSIBILITIES

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

• 4 -

CONISTON MOUNTAIN RESCUE TEAM

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CONISTON MOUNTAIN RESCUE TEAM

I report to the trustees on my examination of the financial statements of Coniston Mountain Rescue Team (the 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 accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I 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:

• 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

• 2 the financial statements do not accord with those records; or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Ian Thompson FCA

Saint & Co Chartered Accountants The Old Police Station Church Street Ambleside Cumbria LA22 0BT

Dated: .........................

• 5 -

CONISTON MOUNTAIN RESCUE TEAM

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Current financial year Unrestricted Unrestricted Restricted funds funds funds general Base Fund 2023 2023 2023 Notes £ £ £ Income and endowments from: Donations and legacies 3 123,709 - - Charitable activities 4 - - - Investments 5 2,080 9,669 1,633 Other income 6 533 - - Total income 126,322 9,669 1,633 Expenditure on: Raising funds 7 146 - - Charitable activities 8 51,590 533 1,633 Total expenditure 51,736 533 1,633 Net income 74,586 9,136 - Transfers between funds 6,068 45,255 (51,323) Net movement in funds 80,654 54,391 (51,323) Reconciliation of funds: Fund balances at 1 January 2023 322,621 250,384 84,323 Fund balances at 31 December 2023 403,275 304,775 33,000	Total 2023 £ 123,709 - 13,382 533 137,624 146 53,756 53,902 83,722 - 83,722 657,328 741,050	Total 2022 £ 77,080 616,658 2,566 -
		696,304
		- 38,976
		38,976
		657,328 -
		657,328 -
		657,328

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

• 6 -

CONISTON MOUNTAIN RESCUE TEAM

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2023

Prior financial year Unrestricted Unrestricted Restricted funds funds funds general Base Fund 2022 2022 2022 Notes £ £ £ Income and endowments from: Donations and legacies 3 77,080 - - Charitable activities 4 311,373 220,962 84,323 Investments 5 2,566 - - Total income 391,019 220,962 84,323 Charitable activities 8 38,976 - - Net income 352,043 220,962 84,323 Transfers between funds (29,422) 29,422 - Net movement in funds 322,621 250,384 84,323 Reconciliation of funds: Fund balances at 1 January 2022 - - - Fund balances at 31 December 2022 322,621 250,384 84,323	Total 2022 £ 77,080 616,658 2,566
	696,304
	38,976
	657,328 -
	657,328 -
	657,328

• 7 -

CONISTON MOUNTAIN RESCUE TEAM

BALANCE SHEET

AS AT 31 DECEMBER 2023

Notes Fixed assets Tangible assets 13 Current assets Stocks 14 Debtors 15 Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities The funds of the charity Restricted income funds 17 Unrestricted funds - general Unrestricted funds - Base Fund 18	2023 £ 722 14,894 540,848 556,464 1,616	£ 186,202 554,848 741,050 33,000 403,275 304,775 741,050	2022 £ - 24,690 456,168 480,858 2,049	£ 178,519 478,809
				657,328
				84,323 322,621 250,384
				657,328

The financial statements were approved by the trustees on 12 March 2024

Ms A E Edwards Trustee

• 8 -

CONISTON MOUNTAIN RESCUE TEAM

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2023

Notes Cash flows from operating activities Cash generated from operations 22 Investing activities Purchase of tangible fixed assets Investment income received Net cash used in investing activities Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year	2023 £ (13,618) 13,382	2022 £ £ £ 84,916 632,419 (178,817) 2,566 (236) (176,251) - - 84,680 456,168 456,168 - 540,848 456,168

• 9 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

Charity information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Old Furness Road, Coniston, Cumbria, LA21 8HU.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, 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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes 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 entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it 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 performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

• 10 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation 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 No depreciation Plant and equipment 15% reducing balance Motor vehicles 25 % reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, 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 indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

• 11 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

1 Accounting policies

(Continued)

1.8 Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to 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 balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price 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 rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate 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 subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

• 12 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees 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 estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

	Unrestricted	Unrestricted
	funds	funds
	2023	2022
	£	£
Donations and gifts	94,552	43,323
Legacies receivable	29,157	33,757
	123,709	77,080
Donations and gifts
Collecting boxes	7,129	4,700
Gift Aid tax	4,630	3,535
Lake District Search and Mountain Rescue Association	14,000	9,000
Other donations	68,793	26,088
	94,552	43,323

• 13 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

4 Income from charitable activities

	Provision of
	Mountain
	Rescue
	2022
	£
Donation of net assets from Coniston Mountain Rescue Team	616,658
Analysis by fund
Unrestricted funds - general	311,373
Unrestricted funds - Base Fund	220,962
Restricted funds	84,323
	616,658

• 14 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

5 Income from investments

	Unrestricted	Unrestricted	Restricted	Total	Unrestricted	Unrestricted	Restricted	Total
	funds	funds	funds		funds	funds	funds
	general	Base Fund			general	Base Fund
	2023	2023	2023	2023	2022	2022	2022	2022
	£	£	£	£	£	£	£	£
Interest receivable	2,080	9,669	1,633	13,382	2,566	-	-	2,566

• 15 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

6 Other income

	Unrestricted	Unrestricted
	funds	funds
	2023	2022
	£	£
Merchandise	533	-

7 Expenditure on raising funds

	Unrestricted	Unrestricted
	funds	funds
	2023	2022
	£	£
Trading costs
Merchandise	146	-

• 16 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

8 Expenditure on charitable activities

	Provision of	Provision of
	Mountain	Mountain
	Rescue	Rescue
	2023	2022
	£	£
Direct costs
Depreciation and impairment	5,935	298
Training	7,816	5,067
Water	880	1,046
Insurance	3,528	2,532
Light and heat	1,464	979
Repairs and renewals	10,831	6,696
Medical supplies	5,961	4,623
Computer and stationery	2,428	3,618
Telephone and internet	846	1,929
Motor expenses	5,894	5,041
Other charity expenses	2,637	2,067
Sundry expenses	2,279	3,256
Bank charges and fees	777	234
	51,276	37,386
Share of support and governance costs (see note 9)
Governance	2,480	1,590
	53,756	38,976
Analysis by fund
Unrestricted funds - general	51,590	38,976
Unrestricted funds - Base Fund	533	-
Restricted funds	1,633	-
	53,756	38,976
Support costs allocated to activities
	Provision of	Total
	Mountain
	Rescue
	2023	2022
	£	£
Governance	2,480	1,590

9 Support costs allocated to activities

• 17 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

9 Support costs allocated to activities Governance costs comprise: Audit fees Legal and professional	(Continued) 2023 2022 £ £ 1,305 1,250 1,175 340 2,480 1,590	(Continued) 2023 2022 £ £ 1,305 1,250 1,175 340 2,480 1,590
		1,590

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

11 Employees

The average monthly number of employees during the year was:

	2023	2022
	Number	Number
Total	-	-

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

• 18 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

13 Tangible fixed assets

Freehold land and buildings Plant and equipment Motor vehicles £ £ £ Cost At 1 January 2023 148,004 25,327 5,486 Additions 8,226 5,392 - At 31 December 2023 156,230 30,719 5,486 Depreciation and impairment At 1 January 2023 - 298 - Depreciation charged in the year - 4,564 1,371 At 31 December 2023 - 4,862 1,371 Carrying amount At 31 December 2023 156,230 25,857 4,115 At 31 December 2022 148,004 25,029 5,486 14 Stocks 2023 £ Finished goods and goods for resale 722 15 Debtors 2023 Amounts falling due within one year: £ Other debtors 12,158 Prepayments and accrued income 2,736 14,894 Other debtors included gift aid claimable of £5,193 (2022: £3,535) at the year end. 16 Creditors: amounts falling due within one year 2023 £ Accruals and deferred income 1,616	Total £ 178,817 13,618
	192,435
	298 5,935
	6,233
	186,202
	178,519
	2022 £ -
	2022 £ 9,808 14,882
	24,690
	2022 £ 2,049

• 19 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

17 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

	At	1 January	Incoming	Resources	Transfers At 31 December	Transfers At 31 December
		2023	resources	expended		2023
		£	£	£	£	£
Wheels Fund		81,323	-	-	(81,323)	-
Trauma Counselling		3,000	-	-	-	3,000
Insurance		-	1,633	(1,633)	30,000	30,000
		84,323	1,633	(1,633)	(51,323)	33,000
Previous year:	At	1 January	Incoming	Resources	Transfers At 31 December
		2022	resources	expended		2022
		£	£	£	£	£
Wheels Fund		-	81,323	-	-	81,323
Trauma Counselling		-	3,000	-	-	3,000
		-	84,323	-	-	84,323

The Trauma Counselling Fund has been donated to provide training about trauma counselling.

The Insurance Fund originated from an appeal in 1987/1988 for a garage extension, two new landrovers and additional insurance cover for Team members' personal accident. The garage extension was completed and the two landrovers purchased; £30,000 was held in reserve for the additional insurance cover.

In 2023 this has been reclassified as a designated fund.

• 20 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

18 Unrestricted funds - Base Fund

These are unrestricted funds which are material to the charity's activities.

	At 1 January	Incoming	Resources	Transfers At	31 December
	2023	resources	expended		2023
	£	£	£	£	£
Mountain Rescue Team Base Fund	250,384	9,669	(533)	45,255	304,775
Previous year:	At 1 January	Incoming	Resources	Transfers At	31 December
	2022	resources	expended		2022
	£	£	£	£	£
Mountain Rescue Team Base Fund	-	220,962	-	29,422	250,384

The Mountain Team Rescue Base Fund represents savings designated by the trustees towards a new Mountain Rescue Team base.

19 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

	At 1 January	Incoming	Resources	Transfers At 31 December	Transfers At 31 December
	2023	resources	expended		2023
	£	£	£	£	£
General funds	292,621	124,395	(51,736)	(45,255)	320,025
Insurance Fund	30,000	-	-	(30,000)	-
Wheels Fund	-	1,927	-	81,323	83,250
	322,621	126,322	(51,736)	6,068	403,275
Previous year:	At 1 January	Incoming	Resources	Transfers At 31 December
	2022	resources	expended		2022
	£	£	£	£	£
General funds	-	361,019	(38,976)	(29,422)	292,621
Insurance Fund	-	30,000	-	-	30,000
	-	391,019	(38,976)	(29,422)	322,621

• 21 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

19 Unrestricted funds

(Continued)

The Wheels Fund comprises of the balance of the Wheels Appeal in 2009 (£782 after purchasing and converting three landrovers in the period to 2012), plus periodic top-ups from the Team's unrestricted general funds, and is held to finance the purchase of new rescue vehicles.

In 2023 this has been reclassified as a designated fund.

20 Analysis of net assets between funds

Unrestricted Unrestricted Restricted funds funds funds general Base Fund 2023 2023 2023 £ £ £ Fund balances at 31 December 2023 are represented by: Tangible assets 186,202 - - Current assets/(liabilities) 217,073 304,775 33,000 403,275 304,775 33,000 Unrestricted Unrestricted Restricted funds funds funds general [description] 2022 2022 2022 £ £ £ Fund balances at 31 December 2022 are represented by: Tangible assets 178,519 - - Current assets/(liabilities) 144,102 250,384 84,323 322,621 250,384 84,323	Total 2023 £ 186,202 554,848
	741,050
	Total 2022 £ 178,519 478,809
	657,328

21 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).

• 22 -

CONISTON MOUNTAIN RESCUE TEAM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2023

22 Cash generated from operations Surplus for the year Adjustments for: Investment income recognised in statement of financial activities Depreciation and impairment of tangible fixed assets Movements in working capital: (Increase) in stocks Decrease/(increase) in debtors (Decrease)/increase in creditors Cash generated from operations	2023 £ 83,722 (13,382) 5,935 (722) 9,796 (433) 84,916	2022 £ 657,328 (2,566) 298 - (24,690) 2,049 632,419

23 Analysis of changes in net funds

The charity had no material debt during the year.

• 23 -