CHARnY REGISTRATION NUMBER 1201870 SwaLedaLe Mountaln Rescue Team (A Charitable Incorporated Organisation) Unaudlted Flnanclal Statements forthe year ended 31 March 2025
Swaledale Mountaln Rescue Team Financial Statements Yearended 31 Mareh 2025 Strat8gic Plan 2025-2028 Trustees, Annual Report Statement of trustees. responsibilities Independent examineT'S reporttothetrustees Statement of financial activitses 10 St818ment of fin8nci81 position 11 Notes to the financial statements 12-22
SWALEDALE Swaledale Mountain Rescue Team Strategic Plan on a Page 2025-28 Our Mission To relieve suffering and distress by providing a voluntary emergency search and rescue service in Swaledale and Wensleydale. Our Values Teamwork We are strongest when we together. Excellen We strive to achieve the highest standartls, personally and 8s a 188m. Respect We value everyone and treat people wrth dwnty and r&spect. Com assion We 8r8 kind and caring to everyone we encounter. Our Focus of Effort We will become a more sustainable oryanisation We will provide an exc611ont service We will play our part In the local community We will have high governance standards across our organisation We will promots the wellbeing of all within the SMRT family We will substantialty duce the t88m's c8rbon footprint. We will $117ve to be the best we can be, indMdu8lly 8nd as a team. We 11 seNe and support cvr knal tMunty. We will adhere to fft8 b8st prnctice gurtl8nce of the Charify commiss and other gula requ1mentS. We will look after ourselves and our fellow te8m npembers.
Swaledale Mountain Rescue Team Tru8t8e8'Annual Report Year ended 31 March 2025 The trustees present their report and the unaudited financial statements otthe chartyforthe year en(Jed 31 March 2025 Roforenc8 and admlnlstratlve details Registèred charity name Swaledale Mountsin Rescue Team Charlty registratlon numbor 1201870 Prin¢lpal 0ttSce Hipgwell Road West Catterick Garrison Northyorkshire DL9 3EH Tru8teo$ The trustees to have held offlce during the y88r and up to the date of this report are: D Cross S Clough A Bradley T Cain A Woodhead l Gllle8rd H Cross C West I Wharton (Stood down 22- May 2024) (Re-appointed 22- May 20241 Istood down 22- May 20241 (Stood down 22- May 2024) IRe-8ppointedlRatified 22- May 2024) IRe-appointedlRatified 22- May 2024) IAppointed 22- May 20241 (Appointed 22- May 20241 Ind6pondent examin•r J8neA8croft J8ne Ascroft Account8ncy Ltd Enterprise House Hamlre Enterprise Park Barnar(J Castle County Durham DL12 8xr
SwaLedale Mountain Rescue Team Trustee8'Annual Report l¢ontinued) Year ended 31" March 2025 Oble¢tlves and activities Objectives: To provide a voluntary emergency search and rescue service. assisting persons and animals lost or in distress. Actlvities: The provision ot an emergency rescue SeiCe for an aroa of 500 square miles centr&d on Sw81edele and Wensleydale, 24 houTS per day. every day of the year. As well a$ rescuing people and animals in peril in the hills. rivers and caves of the area. the Sw8ledale Mountain Rescue Team I'the Team") encourages sensible use of the environment. It works closelywith statutory agencies and youth organis8tions to provlde sorvices to Ioc81 residents. visitors. landowners. fam)ers. climbers. cavers, k8yak&rs and swimmers. In January2025 we agreèd ouistrategic Plan 2025-28 (See page 11. This document sets outourfive keyobjectives for the next 3 years. It also describ85 our organisation81 values 8nd the beh8viours we expect from our team members. The plan will drive and inlom OUT t88m actlvities forth8 next three years. Achlèvements and performan¢6 The Team currently has 36 full team members and four trainee members. It aL80 h85 8 group of 15 8UPPOrt members. Their roles cover supporting full t88m members. working as c811-out officer8 and 8SSl8ting in are88 such as fund raising. information technology. secret8rial duties and communications. Some support members also act as bodies/casualties for many of the training exercises. All members are volunteers. and no one receives P8yment for any of the activities undert8ken. During the period 1 st April 2024 to 31 st March 2025 the Team responded to 46 callout requests from North Yorkshire Polic8 and Yorkshire Ambulance Service. of which the Team were required to deploy on 41 occasions. In total assistance was provided to 39 people during the year. 15 of these people had sustained serious injuries and sadly4 weredeceased. The mostcommon type ofinjurytreated were leg injuries, accountingforabout 13% of all injuri8$. 4996 of those assisted were male and 51% female. 10% of our casu81ties required evacu8tion by helicopter and 38% required transporting in our team vehicles. On 10 occ8sions the team were deployed to search for missing persons. This year we saw the rebranding of our 'C8sualty Carers. to become 'Remote Rescue Medlcal Technicians IRRMTsl'. This rebranding aligns us with health care professionals in partner agenci8s and aids joint understanding and working. Additional skills and me(iication8 were added to the RRMT arsenal. including the generic use of l-Gel to aid breathing in an unconscious patient. the addition of Penthrox. 8 Strong pain killer. and Tr8nexamic Acid (TXAI. 8 drug used to prevent or reduce bleeding. Ail these ad(Jitions help us provide higher levels of care to C8SU8lties in remote environments. We currently have 16 qualrfied. medicallytrained personnelwith 11 of those being RRMT. 2 holding the Extended RRMT as well as 3 health care Professionals (2 x doctor. 1 x parame(Jicl.
Swaledale Mountain Rescue Tearn Trustees, Annual Report (Continued) Year ended 31•1 Mah 2025 Achievements and performance {continued) As well as providing a mountain rescue service the Team is also a cave rescue team. Duringthe year the Team attended no underground jobs. although we were on standbyto assist other local teams withjobs on 8 number of occasions. Underground call outs are thankfully rare in our area but we remain fully prepared to respond; trainlng regularly in all aspects of underground gear¢h and rescue. TheTeam 81so has a swift-wateT rescue capability. We have 16 qu81rfied SwiftwaterTechnici8ns who have 8 wide range ot rescue equipment at their disposal including two boats and a rescue sled. As well as providing a Ioc81 rescue SeiCe we are also available to respond to national flooding incidents and are rew'stered with the Government's flood response agency lor this purp088. Additionally. th8 Team h88 three op818tional search dogs affiliated to Mount8in Rescuè Search Dogs Eng18nd. There are only 30 operational dogs in England and Wa18s. Ourdogs and handlers have been called out eight times duringthè period in supportofteams acr088the North of England. Over the year the Team spent 147 team hours (or approximately 1500 rescuer hours) 8ttendlng call outs across Swaledale and Wensleydale. However this figure pales into insignificance when compared to the time spent training. checkingand cleaningequipment. It is estimat8dth8teach ofour36te8m membersspends on aver888 over 130 hours peryear fulfillingthes8 functions. 811 on a volunteer basis. Our volunteers train mostweek8 of the year in all weathers and conditions. OUT training includes ropè rescue, swfft-water r8scu8. underground search and rescue. missing persons search and first aid training. Fundlng Th8 Team wlshes to thank ev8ryone who h88 SUPPOrted the charltydurlng thayear. The Team receives no statutory fundlng 80 is totally reliani on don8tions and our own efforts to ralse the money needed each year to coverour operating costs. which currently average £45,OW to £50.000 per annum excluding depreciation, and to contribute to the reserve funds we awe building up to replace capital assets such as OUT vehicles. Donations from members of the public come from a variety of sources C8sh ¢Jonations, still significant via our collecting tins, street collèctions and our presence at a variety of events in our area. We keep our profile high not only via social medla and our presence on various digital donating p18ttorms. but 81$0 by doing talks/presentations to community groups. youth groups and other organisations that oftèn go on to hold fundraising events for us. We providè rescue cover for various annu818Ctive outdoor events that occur in our arga in ex¢hange for a donation from the org8ni8ers. We hire out our meeting and training rooms at the base when not in use by the team to contribute to the overhead costs. We work hard to maintain our excellent reputation within the communities in our are8 and as a result we 8r6 an extremely well regarded local charity, often benefitting from funeral donations and legacies. One example of this w8$ the fact that this year the Team completed th8 fundraising for a defibri118tor which has been installed ty Heart of Cattertck at the base for the benefit of the local community.
Swaledale Mountain Rescue Team Trustees, Annual Report (continued) Year ended 31° March 2025 Structure. govemance and management The organisation was registered as a charitable incorporated organisation l°CIO"l on 8 February 2023. und8r charity number 1201870. Its constitution follows the"Association° model. By a resolution dated 25" April 2023, the members of unincorporated charity Swaledale Mountain Rescue Team. charity number 501885, voted to transfer its operations and assets tothe CIO. Duringthe 2024-2025 yearthe legaltransferofthe Team's base was completed whilst operationally all actiwties were undertaken bytho CIO throughout th8 y88r. In accordance with the Charities Statemènt of Rècommended Practice {FRS 1021 and Fin8n¢ial Reporting Standard 102 itself. th8 financial statements cont8ined herein have been accounted for as a merger and include the income. expenditure. assets and liabilities of both ch8riti88 for the year ended 31" March 2025 and. as ¢omparativ&. theyear 8nded 31" March 2024. The charity is managed by a board oftrustees. It is required to have a minimum of four members and is allowed 8 maximum of seven. comprising five "elected" trustees and up to two "nominated" trustees. The elected trustees are appointed by the membership and the nominated tru8tees by the Operations Committee. One third of the "elected. trustees lor the nearest number thereto} retire by rotation at each AGM, wlrh the retirees being those to ha been in office longest since their last appointment. Any trustee appointed by the board between AGMS retires at the next AGM and is available for ratificationlre-appointment but does not form part of the proc8SS to determine those to retire by rotation. Any"elected" trustee appolnted betW88n AGMS by tho mombors retir6s in accordance Wlth the rotation rules. All'nominated" trustees serve for a term of one year or until the next Operations Committee electlon, If shortèr. Trustee recruitment has hlstorlcally been drawn from those with extenslv8 experience of the d8y-to-day operations of the Team. However. recognising the need for diversity and a broader skill set, local advenlslng now takes place andlor personal approaches are made to people outsi(le the org8nis8tion considered suitable. Inform81 meetings with members of the board are then held before selected candl(J8tes are put forw8rd to the full board for interview. Upon. or beforè. appointment all trustees are given a copy of the charity's constitution. 8 copy of the latestTrustees'Annual Report and Financialstatements and a copy of the Charity Commi88ion gulde CC3° The Essential Trustee". All trustees complete, eitherannuallyorupon appointment 8"Fit & Proper. declaration to confirm theirsuitabillty to act as a trust80. The day-to-day operations ofthe Team are delegated bythe trusteesto the Oporations Committ88. 8 group of 15 officers who are elected by the members on an annual basis. The terms of this delegated responsibility are set out in the toam's 'Oporational terms of rèference., and include management of the te8m's mountain rescue capability. training, equipment. medical. fundraising and buildings.
SwaLedale Mountaln Rescue Team Trustees'Annual Report (continued) Year ended 31° Mareh 2025 Financial review As previously stated, the reported resutts reflect the income. expenditure. assets and liabilities of the unincorporated charity and charitable incorporated organisation both known 8s Swaledale Mountain Rescue Team. The comparative figures are similarty a combination ofthe two. Total income for the year was 294.575. compared to total income received in the prevlous year of É108,045. However 2023-2024 income included restricted income of £25.742 whereas for 2024-2025 iestricted income was only £3.286. Income ol this nature comes from individuals or organisations who decide to help with specific facets of the Team's needs. In 2023-2024 the Team was fortunate to receive 8 single grant of £24,672 towards replacement equipment. Donations of this size are uncommon and nothing similar was received in 2024-2025. Excludingthese amounts, incomefor the period increased by £8.986111%1. ofwhich £8.835 was accounted for bythe rise in revenuefrom room hire during periods when the basewas not required bytheTe8m. Welcome as th8t increase was. the Te8m's operatingcosts rose by £20,731 {37%1. This included an 8ddition81 £4,500 in respect ol vehicle maintenance. repairs and running Costs, É7.500 renewin8 team waterproofs and boots, an extr8 £3.500 in training cost5. an increase ot £1,500 in insurance costs and a rise of £1.800 in depreciation charges. In addition. the Te8m's base is now 25 years old such that the incidence and size of m8intenance costs is increasing. In summary, unrestricted net income for the year arnounted to £4.897 {2023-2024 - £15,134). wlth a furth8r £4,609 increase In respect of fixed assets purchased from restricted donations. In addition the interest on the charity's cash deposits tot811ing £4.721 was added to the designated reserves. Total net assets increased to £896.545 from £886.094. including restricted funds of £271 {2023-2024 - £4,047). Cash balances stand 8t £418,88912023-2024- £398,958). The reasons for the cash reserves 8re 8xpl8ined below. Fund8 Reserves Pollcy Thetrustees havedeterminedth8ton8vèrageth8 runnlngcostsofthechartyare£45,OOOto£50.000 perannum. Being 8 charity that relies purely on public donations the trustees have further determined that it is appropriate lo hold reserves equivalent to years, costs. Excluding depreciation, the cost of delivering the charity's objectives forthe year 8nd8d 31" March was £51.832 in 2024-2025. £32.899 in 2023-2024 and £59,048 in 2022- 2023, an average of £47.926. Accordingly. the reserve of £90,000. plus accrued interest, presently held is considered appropriate. As described above, the operating reserve excludes deprociation. Nonetheless the trustees recognise the need to plan for the replacement of the four, specialist. vehicles the charity uses. To that end, a further reserve of £200,000 plus accrued interest is held to fund this. Following the 8CqUlSltion of thè Incldent Command Vehicle in 2022, working space at the Charity's base is now limited. The trustees have therefore set aside a further £90.000 tOW8rds the possible expansion of the base. As set out in the Statement of Financial Activities. the total of these reseNes. £380.000. plus accrued interest of £4,721, are now held as deslgnated funds. Followlng 8 reorganisation straddling the yeaT end date, all reserves are held in a range of interest-bearing accounts, 811 of which are protected by the Financial Services Compensation Schem8.
Swaledale Mountain Rescue Team Trustees. Annual Report (¢ontinuedl Year ended 31" March 2025 Rlsk Management The rrustees actively review the major risks which the chartty faces on a regular basis and believe that maintaining reserves at current levels. combined with an annual review of the controls over key financial sysrems. will provide sufficient resources in the event of adv8Tse conditions. Thetrustees have also examined the opeiational risksfaced bythe charity and conflrm th8tthey have established systems to mltigate the significant risks. Beyond theflnancial and operation81 risks. it is worth reit8r8tlngthatthe Team is populated entirely byvolunt8ors who give up thelr time to help people and animals in distress. By its very n8ture thls servic8 Can also bring with it mental stress. To address this the Team has members within the organisation to whom volunteers can turn for help and support. Furthermore. whilst it would be wrongto single out any one p8rticular volunteer. it18 necessary to highlight the additlonal stress risk that the incre8sing complexities of appropriate governance 8nd du8 mana8eri81diligence puton someteam m6mbers. Swaledale Mountain RescueTeam8re not alonè inthis regard and possibly 8t18ss riskto some otthe busierteams. NotbMthst8ndingthis. the Issue de98Nes recognition In this report. Publlc Beneflt Conflrmatlon The Trustees confirm that they have complied with the duty In Section 1715) of the Charitie8 Act 2011 with regard to public benefit guidence published bythe Charity Commission. Approved bythe Board on 26" April 2025 8nd signed on their behalf by: T. Cain Ichair) J. Gill rd(T asureTI
Swaledale Mountain Rescue Team Year ended 31" March 2025 STATEMEMf OF TRUSTEES, RESPONSIBILITIES Charlty law requires the trustees to prepare statements of account for each financial year in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAPI. In preparing those financial statements. the trustees ar8 required to: select suitable accounting policies and apply them consistently- obseth thè methods and principals in the relevant Charities SORP: mak8 judgements 8nd estim8te8 that are re8son8ble and prudent: state whether 8pplicable UK accounting standards have been followed subject to any mat8rial departures disclosed and explained in the tinancièl statements: pr8pare the fin8nci81 statements on the goin8 concern basis unless it is inappropri8te to prèsume that the charity will contlnue In operation. The trustees are responsible for keeping proper accounting records which are suff iclent to show and explain the charity's transactions 8nd to dlsclose with re8son8ble accuracy at any time the financial position of the Charity. and to enable them to ensure th8t 8ny statements of account comply with the requirements of the Charltles Act 2011, the Charity (Accounts and Reports) R88uL81ions 2008 and the St8t8m8nt of Recommended Practlce ISORPI. Accounting and Reporting by Charitiès pTep8ring 8ccount$ in accordance with th8 Financi81 Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 leffective 1 J8nuary 20191. They are also responsible tor safeguardin8 the assets of the charity and hence for takn'ng reasonable steps for the prevention 8nd detection of fraud and 8ny other irr8gul8rities.
Swaledale Mountain Rescue Team Indopendeni Examlner's Report to the Trustees of Swaled8 Mounlaln RescueTeam Yea¥ Ended 31 March 2025 I report to the trustees on my examination of the accounts of Swaledale Mountain Rescue Team Ilhe chanty')forthe y8arended 31 March 2025. R•8pon$lbS1itl•s ond Ba3ls ot Roport As the trustees of the charty YOU are responsible for the prep8ration of the accounts In accord8nce with the requirements of the Charities Act 2011 (the Act'l. I report in resptset of my éxamination of the charivs accounts carried out under Section 145 of the 2011 Art 8nd in carrwng out my examination I h8vc followod 811 the applicable Directions given by the Charity Commission under sectlon 14515llbl ot the Act. Indapandent Examlner'8 Stat•mént I have completed my examination. l confirm that no material matters have come to my attentlon in connection with the examination gjving me cause to believe th8t in any mat8rial respect: accounting records w8re not kept In rg8po¢t of the ¢harlty 88 required by section 130 of the Act; or the aGcounts do not aG¢ord wlth those records: or the accounts do not complywith the applicable requitements concorningthe form 8nd content of 8c¢ount$ Set out in the Charities (Account3 and Reports) Reguialions 2008 other than ony requirement thai the accounts givg a 'true and fair, view which is not matter considered os Part of an independent examination. I have no concerng and heve come Bcro33 no other matter9 in connection with the examination to which attention should be dravm in this report in order to en8ble o proper understanding of the account8 to be reached. J8ne Ascroft FCA MAICantabl Independent Examiner Enterprise House H8rmire Enterprise Park Barriard C8Stle County Durham DL12 8XP
Swaledale Mountain Rescue Team Statement of flnan¢lal actlvltlas Notes Year ended 31 March 2025 Year ended 31 Mar¢h 2024 Total funds {comblnedl Unrestrlrted Designated Restricted funds funds funds Totsl lunds Income and endowments from: Donations and legacies Trading activities and fund raising Investments 59.360 3,286 62.646 85,177 27.208 27.208 4.721 19,407 3,461 4,721 86.568 4.721 3.286 94.575 108.045 Expendltura on: Charitable activities Raising funds 76.696 4,975 2.453 79.149 4,975 55.965 11,204 81,671 2,453 84,124 67,169 Net Incom• 4,897 4.721 833 10,451 40,876 Transfers between fund8 4.609 {4.6091 Net movement In lund8 9.506 4.721 13.7761 10,451 40.876 Reconclllatlon of funds: Total funds brought forward 502.047 380,000 4,047 886.094 845.218 Totalfunds carried forward 511.553 384.721 271 896.545 886.094 The statement of financial activtties includes all gains and losses recognised in the year. All income and expenditure derive from continuing actsvities. 10
Swaledale Mourrtain Rescue Team Statement of flnan¢ial position 31 March 2025 31 March 2024 {combined) Fixod a886t8 Tangible assets 11 473,411 485,615 Current a$set• Debtors Cash at b8nk and in hand 12 8.487 418,889 2.121 398,958 427.376 401.079 Cr•dltors: amounts falUn8 du• wlthln on• y•ar 13 4,242 600 N•t current aMets 423.134 400,479 Total au•ts l•M curront liablUtI 896,545 886,094 Tota( n•t a•#•t• 896,545 886.094 Funds of the charlty: Unrestrlcted fund3 Designatedfunds Restricted funds 14 14 14 511.553 384.721 271 502.047 380,000 4.047 14 896.545 886.094 Thes6 financlal statements Nwre approved ty the board of trustees and authorised for issue on 26 April 2025 and are signed on behalf ofthe l)oard ty. T. Cain (Chairl J. Gille surer)
Swaledale Mountain Rescue Team Notes to the Finan¢ial Statements Year ended 31 Mar¢h 2025 1. General information The charity is a public beneflt èntity and a registered charity in England and Wales, number 1201870. It is a charitable incorporated organisation. The address of the principal office is Swaledale Mountain Rescue Team. Hipswell Road West, Catterlck Garrison DL9 3EH. 2. Stsiemont of compllance These financial statements have been preparod in compliance with FRS 102. 'The Financial Reporting Standard applicable In the UK and the R8public of Ire18nd'. the Statement of Recommended Practice applicable to charities preparing th&ir accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 Icharities SORP IFRS 1021) and the Charities Act 2011. 3. Accountlng policle8 Ba818 of prèparatlon The financial statements. which have been prepared on the historic81 cost basis. have been drawn up under the merger accounting rules to include the income, expenditure. assets and liabilities of unincorpor8ted charity Swaledale Mountain Rescue Te8m, ch8rlty numbèr 501885. 88 well as those of the ch8rity itself. The financial statements are pr8P8red in sterling. which is thefunctlonal cUencY of thè entity. Golng¢on¢orn There are no materi81 uncert8intl8s 8bout the charftys abllity to continue to operate. Judgement8 and key 8our¢os of e8tlmatlon uncertalnty The preparation otthe financial statements requires management to m8k8 judgements. estim8tes end assumptions that affect the amounts reported. These estimates and judgements are continu811y reviewed and are based on experience and other factors. includingexpectations otfuture events that arg believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are avallable for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarf(ed by the trustees for particular future projects or commitment$. Restricted fun(Js are subjected to restrictions on their expendrture declared by the donor or through the terms of an appeal. and fall into one of two sub-¢18sses: restricted income funds or endowment funds. 12
Swaledal8 Mountaln Rescue Team Notes to the Financial Ststements Year ended 31 March 2025 Incomingresources All incoming resources are Included in the statement of financial activitieswhen entitlement has passed to the charity. it is probable that the economic benefits associated with the transaction will flow to the charityand the amount can be liablY measured. Thefollowing specific pob'cles are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is prob8ble and its amount can be measured reliably. legacy income is recognised when receipt is probable and 8ntitlement is established. income from trading and fund raising activities is recognised by reference to the point at which the associated economic beneftt passes to the purchaser. investment income is recognised atthe point the ¢h8rity becomes entltled to the funds. no 8mounts are included for the contribution of general volunte&rs. Re8our¢o$ expended Expenditure is recognised on an accruals basis 8s the liability is incurrèd. Expenditure includes any VAT which cannot be fully recovered and is classified under the headings on the statement of financial activities to which it relates: expenditure on charitable activities ineluda$ all cost8 incurred by the charity in delivering its charitable objectives. including those support costs and costs relating to the governance of thè charity apportioned to charitable activities. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitabl8 trading activities an(J the sale of branded merchandise. All costs are allocated to expenditure categones reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned belMeen the activities they contribute to on a reasonable. justifiable and consistent basis. Operating leases Lease payments are recognised as an expense overthe lease term on a straight-iine basis. Tangible assets Tangible assets are initially recorded at cost and subsequentty 5tate(J at cost less any accumulated depreciation and impainnent losses. 13
Swaledale Mountain Rescue Team Not88 to the Flnancial Ststoments Yearended 31 March 2025 Depreciation Depreciation is calculated so as to vKite off the cost of an asset. less its Yesidual value. over the useful economic life of that asset as follows= Freehold property Rescue equipment Motor vehicles Fixtures and f ittings - 1% per 8nnum on cost - varying rates between 1096 and 50% per annum on cost 25% per8nnum on 8 reducingbalance basis varying rates bettveen 2% and 10% per8nnum on cost Impalrment of flxed 888ets A review for indicators of impairment Is c8rried out at each reporting date. with the r8cov6rab18 amount being estimated where such indicators exist. Where the c8rryingv8lue exceeds the rgCOV8rable amount. the asset is wrltten down 8ccordinoy. Prior impaiments are also reviewed lor possible reversal at 88ch reporting date. Flnanclal Instrument8 A financial asset or a financial liability is recognised only when the charity becomes a party to th8 contractU81 provisions of the instrument. The ch8rity only has financial instruments which f811 to be ¢Lassed as basic financial instruments. wlthln the deflnitions of FRS 102. Thesa arè initially recognised at the amount Teceivablè or p8y8ble including 8ny related transaction costs. Current assets and current liabllltles are subsequently measured at thè cash or other consideration expect to be paid or réceived and are not discounted. Debtors Debtors 8r6 measured at the amount expected to be received in the following accounting period in rèspect of revenue eamed but not received in the current reporting period. Cash at bankand In hand C8sh at bank and in hand solely represents funds held in bank current and deposit accounts. Credltors CreditOFS and provisions for liabilities are recognised on the basis of costs known or estimated to hav8 8risen during the reporting period. the 58ttlement of which has not occurred by the balance sheet date. 14
Swaledale Mountain Rescue Team Notes to the Flnanclal Statements Yearended 31 March 2025 4. Donations and legacies Unrestricted Funds Restricted tunds Total Unrestricted Restricted funds funds funds 2025 Total fund8 2024 (oomblned) Donations Don8tion$ in kind Grants Legacies Collection boxes 42,969 4.147 2.036 45.005 4.147 1.250 50.924 1,070 51,994 1.250 24.672 24,672 12.244 12.244 8,511 8.511 59.360 3,286 62.646 59.435 25.742 85,177 Don8tiorbS in kin(J represent insur8nc6 premiums paid by Mountain Rescue England and Wales on bohalf of the Charity, comprising £2.558for motor vehicles and É1.589for public liability. Similar premiumswere paid in 2023- 2024 but were not reflected in the financi81 statements. 5. Tradlng actlvlt108 Unr88trlcted lund8 Restrlcted funds Total Unro8tr1cied R08tr1cted lunds funds funds 2025 Total fund8 2024 (combined) Room hire FuniJr8ising 27.111 97 27.111 97 18.276 1,131 18.276 1,131 27,208 27.208 19.407 19.407 6. Investments Unrn8trf¢tod Designolod A8strletsd funds fth)d$ lunds Totri nds 2025 Unreslri¢ted DeslKnat8d RestriBted funds fund$ funds Totsl funds 2024 Interest on deposits 4.721 4.721 3.461 3,461 3.461 15
Swal8daLe Mountain Rescue Team Notes to th8 Financial Ststements Yearended 31 March 2025 7. An8ly818 of expendlture on charltablo a¢tlvltl8$ Actlvltles Support und*tskon Cos Totsi A¢tMtlo9 Support Gr4nts Costs undortakett ¢os 2025 Totsl costs 2024 Se8rch & rescue work Defibrillator donation Search dogjackets 53.572 23.124 76.696 2.250 203 37.549 18,416 55.965 2,250 203 53.572 23.124 2,453 79,149 37.459 18,416 55,965 8. Govornanco co$ts In¢luded within support C08ts are the following expenses relating to the strategic running of the charlty.. 2025 2024 Icomblnod) Independent examineT'¥ fees Regulatory costs Advertising for new trustees B&nkch8rges Administration expen89s 720 35 498 90 539 228 22 1.005 1.127 9. Analy818 of expendlture on r8181ngfunds 2025 2024 Icombinedl Utilrty costs relating to room hire Donation platform Subscription 4,604 371 11,024 180 4.975 11,204 16
Swaledale Mountain Rescue Team Notes to the Financial Statements Y8arend8d 31 March 2025 10. Net Income Net income is stated after charging: 2025 2024 (¢omblnedl Depreciation of tangible fixed assets Oper8ting lease rentals 24,864 371 23.066 180 25,235 23,246 Statt 008t8 The average head count of employees duringthe year was Nil12023: NIII. No employee received employee benefits of more than £60.000 durlng the ye8r12023: NIII Trustee remuneratlon 8nd exp801 No r8muner8tion or other benefits from employment Vth the charity were re¢8ived by the trustees. Mileage expenses totalling £121 were pald to trustees representlngthe Charity 8t MREW events. Related party tran8actlons During the period the Ch8ir of Trusteeg. T. C8in. paid the charity £1.688 {2024: £1.5641 for the hire of training rooms. The r8te paid was the s8m8 88 the ch8rges made to other third party users. 17
SwaLedaLe Mountain Rescue Team Notes to the Financial Statements Year ended31 March 2025 11. Flxed assets (Comblned) Freehold Rescue Flxtur88 & property equipment ffttings Motor vehicles Total Cost As at 1 Aprll 2024 Additions Disposal8 419.287 201,781 12.451 14,8161 18.306 209 178.414 817,788 12,660 14.8161 A8 al 31 March 2025 419.287 209.416 18,515 178,414 825.632 D8preclatlon A$ at 1 April 2024 Added Written backon disposals 12.579 4.193 160.242 11.472 14.8161 16.863 219 142,489 8,980 332,173 24.864 14,8161 A8 at31 March 2025 16.772 166,898 17,082 151.469 352.221 Carrylng amount AS at31 March 2025 402,515 42.518 1.433 26,945 473,411 As at 31 March 2024 406.708 41,539 1.443 35.925 485.615 All the assets at 31 Merch 2025 and 31 March 2024 are unrestricted 8sset3. Additions costing £4.60912024: £22,181) during the year vlere purchased using restricted funds. By making the purchases. the restFiCtions attaching to the donations were satisfied. 12. Debtois 2025 2024 (Comblnedl Debtors P¥epayments and accrued income 4.764 3.723 2,121 8.487 2.121 18
SwaledaLe Mountain Rescue Team Notes to the Financial Statements Y8arended 31 March 2025 13. Credltors: amounts falling due wlthln ono year 2025 2024 (combined) Accruals and def8rred income 4.242 600 14. Analys18 Ot ¢harltable fund8 (comblned) As at 1" Aprll Income Expenditure 2024 Transfers As at31 MarGh 2025 Unre8trlcted funds D6slgnatod lunds: Vehicle replacement Base extension Operational reserve Restrlcted fund8 '. Thornborough Lodge NESRA Defibri118tor Movement for Good Se8rch Dog Fund 502.047 86.568 {81.6711 4.609 511.553 200.Q)O 90.000 90.000 2.485 1,118 1.118 202,485 91.118 91.118 2.573 12.5731 11.0361 1.036 1.250 1.000 1.000 {2.250) 11.0001 474 1203} 271 886.094 94,575 184,124) 896,545 A8 at 1" Aprll Incomo Exponditure 2023 Tran8fer8 A8 at31 Mar¢h 2024 Unrestrlcted fund8 Deslgnatsd funds: Vehicle replacement Base extension Operational resefve Restricted funds: Thornborough Lodge Defibrillator Search DogFund 845,218 82.303 (67.1691 1358.3051 502,047 200.000 90.000 90.000 200,000 90.000 90,000 24.672 1.000 70 {22.0991 2,573 1.000 474 404 845,218 108.045 167.169) 886,094 19
Swaledale Mountain Rescue Team Notes to the Financial S&8m•t$ Y8arend8d 31 March 2025 15. Analysls ottran8fers between funds (comblned) Unrestrict8d De$ignat8d Re8trlcted funds lunds funds Year ended 31° March 2025 Total Restricted funds released upon purchase of specrfied assats 4,609 14.6091 Unr88trlctèd D081gnated Rostrl¢t8d funds fund$ funds Perlod ended 31" March 2024 T¢)tal Funds designated towards vehicle replacements Funds designated tow8r(Js base extension Oper8tion81 Teserves Restricted fund separated from unrestricted funds Restricted funds released upon purchase ot specified 8ssets {200.0001 {90.0001 {90.0001 {4861 200,000 90,000 90.000 486 22,181 {22,1811 1358,305) 380.000 121.6951 Fund not88 Deslgnatad lund$: The charity operatos a fleet of four vehicles to facilitate its rescue work. The oldest of these are two Land Rovers first registered in 2010 and the newest, avw Incident Command Vehicle acquired in October2022. £50,000 per vehicle has been set aside towards their eventual replacement. Following the acquisition of the Incident Command Vehicle, space at the charlty's base on Cattefick Garrlson has become tight. Accordingly, the Trustees set asid6 È90.000 of reserves towards the possible extension of the base within the footprint of land already owned at the site. The annual runnlng costs of the charityfluctuat8 year on yearflue to factors such as the number of call-outs, fuel prices and utility costs. Nonetheless the Trustees have deteimine(J that £45.000 p.8. is representative 8ver8ge. All the fundingfor these costs comes from the gener81 public. usually in small amounts. As a result the Trustees believe it is approprlat6 to hold two years of operating costs as a designated reserve. All designated funds are held on Oeposlt and the interest èamed on the deposits during the year has been 8PPOrtioned between thefunds. 20
Swaledale Mountain Rescue Team Notes to the Financial Ststements Yearended 31 Mar¢h 2025 Restrlcted funds: The following movements occurred durin8 the year: 1. The remaining £2.573 of lunds donated in 2023-24 was spent on replacement rescue and medical equipment. 2. A contribution from the North East Search and Rescue Association of £1,036 towards the cost of vecuum body splints was fully expended. 3. Afurther £1.250 was donated towards the cost of installing a publicly accessible defibri118tor 8t the Catterick b8se, bringing the total to the target figure of £2.250. As a result the funds were passed over to Heart of Catterick who have now instslled and taken overthe responsibilityforthe equipment. 4. £1,000 was received from the Movement for Good towards the cost of replacement caving suits, all of which Was spent during theyear. 5. £203w8s spent on dogj8¢kets. leavingayear-end balance of £271 inthe Search Dogs Fund. 16. Analy818 of net a88Ot$ botwa8n funds Icomblned) Unre8trlcted 088lgnatod Re8trlct8d funds funds funds Total A8 at 31 March 2025 Flxed assets Debtors and prepayments Cash at b8nk Creditors and accruals 473.411 8.487 33,897 14.2421 473.411 8.487 418,889 14,2421 384.721 271 511,553 384.721 271 896.545 Unrestricted Designated Re$trl¢ted funds funds funds Total A8 at 31 March 2024 Fixed assets Debtors and prepayments Cash at bank Creditors and accruals 485.615 2.121 14.911 16001 485.615 2,121 398.958 16001 380.000 4.047 502.047 380.000 4,047 886.094 21
SwaLedaLe Mountain Rescue Team Notes to the Flnanclal Statements Year ended31 March 2025 17. Dl$¢lo$ur88 relatingtothe merger The financial statements present the merged results and assets of the unincorporated charity Sw8led818 Mountain Rescu8 Team No. 501885 and the charitable incorporated organisation Sw8ledale Mountain Rescue Team No. 1201870 (incorporated 8 February 20231. with whom itwas agreed to merge by resolution d8t8d 25th April 2023. The income, expenditure. gains and losses ofeach charityand ofthe merged charity 8Te detailèd below. together with 8n analysis of the net assets of each at the date of the merger. An8lysl8 of prlnclpal SOFA compon•nts Y•ar ended 31 March 2025 Year end8d31 March 2024 Swaied81• MRT No. 501885 Sw•i•dale Comblned MRT total No. 1201870 •4aiodaio &¥alad8lo Comblned MRT MRT tot81 No. 501885 Nth 1201870 Tot81 income Tot81 expenditure 94.575 184,1241 94.575 184.124) 9,928 98.117 108,045 19,9781 {57.1911 167,1691 Nei income Merger transfer 10.451 845.168 10.451 (50) 40,926 40.876 1845,168) Net movements In funds 1845,1681 855.619 10,451 1501 40.926 40,878 Tot81 funds brought forward 845.168 40,926 886.094 845.218 845,218 Totalfunds cafrièd forward 896.545 896,545 845,168 40.926 886.094 Analys1$ of net assets at tho date of merger AS at 25 Aprll 2023 Sw81odaie Sw?1od810 Comblnod MRT MRT total No. $01885 1201870 Net assets 845,168 845.168 Represented by: Unrestricted funds 845.168 845,168 Totalfunds 845.168 845,168 22
SwaLedale Mountain Rescue Team Notes to the Financial Statements Yearendèd 31 March 2025 18. Contingent (iabllities The title deed relating to the charlS ownership of the operating base Contains a charges register referring to restrictive covenants and 8n obligation to pay addition81 monies to the Mini8try of Defence. Enquirles ere on- going in an attempt to obtaln futTher information. but at this time the trustees do not b81i8ve the charity is in breach of the covenants or liable to Pay any additional monies. 23