COMPANY REGISTRATION NUMBER: CE033090 CHARITY REGISTRATION NUMBER: 1204142 West Cumbria Search and Rescue Company Limited by Guarantee Unaudited Financial Statements 31 December 2025
West Cumbria Search and Rescue Company Limitsd by Guarantee Financial Ststements Year ended 31 December 2025 Page Trustees, annual report (incorporating the director's report) Chartered accountant's report to the board of trustees on the preparation of the unaudited statutory financial statements Statement of financial activities (including income and expenditure accounll Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 15
Page 1 West Cumbria Search and Rescue Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2025 The trustees, who are also the directors for the purposes of Company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2025. Reference and administrative details Registered charlty narne Wesl Cumbria Search and Rescue Charity registration number 1204142 Company rggistration number CE033090 Prlncipal office and reglstered Belmont House offlce Beckfool Sillolh Wiglon Cumbria CA7 4LF The trustees Mr WJames Mr J Moore N Ashforth (Appointed 18 January 20261 (Appointed 7 May 20251 Accountants Lamont Pridmore (Wesl Cumbrlal Limited Chartered aceountsnts Milburn House 3 Oxford Street Workinglon Cumbria CA14 2AL Structure. governance and management We are a search and rescue organisalion for people and animals. we are based in Wesl Cumbria but can be asked to help in search and rescue out of the county, we have the use of drones and all our volunteers are trained lo a high level forwater and remote Searching, we also work with Police. mountain rescue, the coastguard, search and rescue trained dogs and other emergency bodies. Objectives and activities The objectives of the charity are the provison and support for the public benefit of services providing search and rescue operations in Cumbria, albeit the charity is available lo deploy to neighbouring regions shoLJld the need arise, for the preservation of lile and the relief of suffering and distress of missing person5 and animals.
Page 2 West Cumbria Search and Rescue Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) {continued) Year ended 31 December 2025 Achievements and perfomiance During the year we have expanded our equipment and vehicles lo enable us to undertake our work more efficiently. The purchase of a new van allows us lo transport our equipment reliably and safely. We are constantly on the lookout for new volunteers lo add to our ranks. We now have 7 volunteer members who are trained weekly to a high level for water and mote searching. Time has been spent during the year.. Establishing ties with local organisalions for joint rescues. such as Maryport Inshore Lifeboat, Lake District Mountain Rescue. Morecambe Bay Rescue, Cumbria Emergency Services along with dog handlers and drone operators. Establishing lies with organisers of public events. not only lo provide accident cover al events bul also raise funds for training members and investsng in equipment. Financial revlew Income for the year amounted lo £52,864 and this was by way of donations, donations of equipment and grants received {2024 £12,867). Sundry income received £100 was from bank compensation. Costs incurred in the year amounted to £27,21912024 £8,095). This Seaves a surplus for the year of £25,745 12024 £4,772). Small company provislons This report has been ppared in accordance wlh the provisions applicable lo companies entitled lo the small companies exemption. The trustees, annual report was approved on 12 June 2026 and signed on behalf of the board oftruslees by.. MT WJames Trustee
Page 3 West Cumbria Search and Rescue Company Limited by Guarantee Chartered Accountanvs Report to the Board of Trustees on the Preparation of the Unaudited Statutory Financial Statements of West Cumbria Search and Rescue Year ended 31 December 2025 In order lo assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial slaternenls of West Cumbria Search and Rescue for the year ended 31 Dember2o2S, which comprise the statement of financial activities lin¢luding income and expenditure account}, statement of financial position and the related notes from the charity's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accounlanls in England and Wales IICAEW, we are subject to ils ethical and other professional requirements which are detailed at www.icaew.comlenlmemberslregulalions-standards-and-guidance. This report is made solety to the board of trustees of West Cumbria Search and Rescue, as a body, in accordance with the terms of our engagement letter dated 16 Feb 28. Our work has been undertaken solely to prepare for your approval the financial statements of Wesl Cumbria Search and Rescue and slate those matters that we have agreed lo slate lo you. as a body, in this report in accordance with ICAEW Technical Release 07116 AAF as detailed at www.icaew.comlcompilalion. To the fullest extent permitted by law. we do not accept or assume responsibility lo anyone other than West Cumbria Search and Rescue and its board of trustees. as a body, for our work or for this report. 11 is your duty to ensure that West Cumbria Search and Rescue has kept adequate accounting records and to prepare slatulory financial slalemenls that give a true and fair view of the assets, liabilities, financial position and profit of Wesl Cumbria Search and Rescue. You consider that Wesl Cumbria Search and Rescue is exempl from the slalutory audit requirement for the year. We have not been instructed lo carry out an audit or a review of the financial slalements ofwesl Cumbria Search and Rescue. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given lo us and we do not, therefore. express any opinion Dn the stalulory financial statements. LAMONT PRIDMORE IWEST CUMBRIA) LIMITED Chartered accountants Milburn House 3 Oxford Street Workinglon Cumbria CA14 2AL fLLWEJ &O&G
Page 4 West Cumbria Search and Rescue Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account Year ended 31 December 2025 Period from 28 Jul 23 10 31 Dec 24 Year to 31 Dec 25 Unrestricted funds Total funds Total funds Notè Income and enijowments Donations and legacies Charitable activities Other income 52.864 52,864 10.310 2.557 100 100 Total income 52,964 52,964 12,867 Expenditure Expenditu on charitable activities Other expenditure Total expenditure 27,569 1350} 27.219 27,569 1350) 27,219 8.095 8,095 Net income and nel movement In funds 25,745 25.745 4,772 Reconcillation of funds Total funds brought forward Total funds Carried forward 4,772 30,517 4.772 30.517 4,772 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 6 to 13 fomi part of these financlal statemèrts.
Page 5 West Cumbria Search and Rescue Company Limited by Guarantee Statement of Financial Position 31 December 2025 2025 2024 Note Fixed assets Tangible fixed assets 14 28,345 Current assets Debtors Cash al bank and in hand 15 1.394 6.533 4,772 4,772 7.927 Creditors: amounts falllng due wlthin ong year Net current assets 16 5.755 2.172 4,772 Total assets less current liabilitles 30,517 30,517 4,772 Net assets 4,772 Funds of the charity Unrestricted funds 30,517 30.517 4,772 Total charity funds 17 4,772 For the year ending 31 December 2025 the charity was enlrtled lo exemption from audit under section 477 of the Companies Act 2006 relab'ng lo small companies. Directors. responsibilities.. The members have not required the company lo obtain an audit of ils financial statements for the year in question in accordance with section 476.. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial stalemenls. These financial statements have been prepared in accordan¢e with the provisions applicable lo ompanies subject lo the small companies, regime. These financial slalemenls were approved by the board of Iruslees and authorised for issue on 12 Jun 2026, and are signed on behalf of the board by.. Mr WJames Trustee The note5 on pages 6 to 13 fomi part of these financial statements.
Page 6 West Cumbria Search and Rescue Company Limitsd by Guarantee Notes to the Financial Statements Year ended 31 December 2025 General information The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Belmont House, Beckfool, Sillolh, Wigton. Cumbria. CA7 4LF. statement of compliance These financial slalements have been prepad in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their accounts in a¢¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (CharitS SORP IFRS 10211 and the Companies Act 2006 Accountlng policies Basis of preparation The financial statemen15 have been prepared on the historical cost basis, as rnodified by the revaluation of certain financi81 assets and liabilities and investment properties measured al fair value through income or expenditure. The financial statements are prepared in sterling. which is the functr'onal currency of the entty. Going concern There are no material urtcertainlies about the charity's ability to continue. Judgements and key sources of estimation uncertalnty In the application of the Charity's accounting policies, Trustees are required lo make judgements. estimates and assumptions about eh carrying values of assets and liabilities that a no readily apparent from other sources. The estimation and underlying assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these estimates. The eslimales and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in whieh the estimate is revised if the revision affects only that period. In the view of the Trustees, no assumptions concerning the future or eslimalion uncertainty affecting the assets and liabilities at the balance sheet date are likely lo result in a material adjuslmenl to their carrying amounts in the next financial year.
Page 7 West Cumbria Search and Rescue Company Limited by Guarantee Notes to the Financial Statements (conrfnued) Year ended 31 December 2025 Accounting policies (continued) Fund accounting Unreslri¢ted funds are avaiLgble for use al the discretion of the trustees to further any of the charity's purposes. Designated fvnds are unreslricled funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal. and fall into one of two sub-classes.. reslricled income funds or endowment funds. Incoming resources All incoming resourtss are included in the statement of financial activities when entitlement has passed lo the charity.. it is probable that the economic benefits associated with the transaction will ow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income". income from don81ions or grants is recognised when there is evidence of entitlement lo the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and enlillemenl is established. income from donated goods is measured al 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 oi the estimated resale value. Donated facilities and seNices 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 suppty of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a Gonlraclual requirement for it lo be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Page 8 West Cumbria Search and Rescue Company Limited by Guarantee Notes to the Financial Ststements {continuedJ Year ended 31 December 2025 Accounting policies (contlnued) Resources expended 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 il relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitsble trading aclivilies, 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 ils beneficiaries, including those support costs and costs relating lo the governance of the ¢harity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of ils expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned beeen the activities they contribute lo on a reasonable, justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently stated al cost less any accumulated depreciation and impaimient losses. Any tangible assets carried al revalued amounts are recorded al the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carying amount of an asset as a result of a revaluation. Is Tecogni5ed in other recognised gains and losses. unless it reverses a chafge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other wognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows.. Plant and machinery Motor vehicles 15¥0 reducing balance 250A reducing balance Impaifment of fixed assets A review for indicators of impairment is carried out al each reporting date, with the recoverable amount being eslim8ted where such indicators exist. Where the earrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Page 9 West Cumbria Search and Rescue Company Limited by Guarantee Notes to the Financial Statements fttmtinued) Year ended 31 December 2025 A¢countlng policies (¢ontlnuodJ Impairrnent of fixed assets (conllnued) For the purposes of impairment testing. when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generaling unit lo which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generates cash inflow5 that largely independent of the cash inflows from other 8ssels or groups of assets. For impairment lesling of goodwill. the goodwill aequired in a business Gombinalion is, trom the acqvisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a paty lo the contractual provisions of the inslrumenl. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Vvhere investments in shares are publicly traded or their fair value can otherwise be measured reliably. the investment is subsequently measured at fair value with change5 in fair value recognised in income and expenditure. All other such investrnents are subsequently measured at cost less impairment. Other financial instrument5, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business temis or financed at a rale of interest that is not a market rate, in which case the asset Is measured at the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value. with any changes recognised in the statement of financial aclivilies, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment al the end of each reporting dale. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed Individual or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Page 10 West Cumbria Search and Rescue Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2025 Limitgd by guarantee The organisalion is a registered Charity number 1204142, the members ofwhich have no personal liability in the event of the Charity winding up. Donatlons and legacies Unrestricted Total Funds Unrestricted Total Funds Funds 202S Funds 2024 Donations Donations 49,290 49,290 10,310 10.310 Grants Grants receivable 3,574 3,574 52,864 52.864 10,310 10.310 Charitsble activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Attendances Sundry Sales 2,358 199 2,358 199 2.557 2,557 Other income Unrestricted Total Fund$ Unrestricted Total Funds Funds 2025 Funds 2024 other income 100 100 Expenditure on charitable aetivltles by fund type Unrestricted Total Funds Unreslricled Total Funds Funds 2025 Funds 2024 Charitable activities Support costs 26,609 960 26,609 960 8,095 8,095 27.569 27,569 8,095 8,095
Page 11 West Cumbria Search and Rescue Company Limited by Guarantee Notes to the Financial Statements (torttsntsedj Year ended 31 December 2025 Expenditure on charitable activities by activity type Acllvilles undertaken directly Support Total funds costs 2025 Total fund 2024 Charftable activities Governance costs 26,609 26.609 960 8.095 960 26.609 960 27,569 8,095 10. Other expenditure Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Loss on disposal of tangible fixed as5els held for charity's own use 13501 13501 11. Net Income Nel income is stated after chargingl{¢redilingl: 2025 2024 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets 1,975 13501 12. Stsff costs The average head count of employees during the year was Nil12024.. Nill. No employee reiVed employee benefits of more than £60,000 during the year12024.. Nil). 13. Trustee remuneration and expenses None of the Trustees. nor any persons or parties connected with them, received any remuneration.
Page 12 West Cumbria Search and Rescue Company Limited by Guarantee Notes to the Financial Statements (¢onllAu¢dJ Year ended 31 December 2025 14. Tangible fixed assets Plant and machinery Motor vehicles Total Cost Al 1 January 2025 Additions Disposals At 31 Decgmbgr 2025 23,620 14.850 18,1501 6,700 38.470 {8.1501 30,320 23,620 Depreciation At 1 January 2025 Charge ft)r the year At 31 December 2025 1,600 1,600 375 1,975 375 1,975 Carrylng amount At 31 December 2025 22,020 6,325 28.345 At 31 December 2024 15. Debtors 2025 2024 Prepayments and accrued income 1,394 16. Creditors: amounts falling due within one year 2025 2024 Trade creditOTS Accruals and deferred income Other creditors 1,795 960 3,000 5.755
Page 13 West Cumbria Search and Rescue Company Limited by Guarantee Notes to the Flnanclal Statements fconllnued) Year ended 31 December 2025 17. Analysis of charitablo funds Unrestricted funds At1Jan25 Income Expenditure At 31 Dec 25 General funds 4,772 52,964 127,2191 30,517 At 28 July 23 Income Expenditure At 31 Dec 24 General funds 12.867 18.0951 4.772 18. Analysis of net assets between funds Unrestrioted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 28,345 7,927 15,7551 30,517 28,345 7,927 15,755) 30,517 Unrestricted Totsl Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Not assets 4,772 4,772 4,772 4,772
Page 14 West Cumbria Search and Rescue Company Limited by Guarantee Management Information Year ended 31 December 2025 The following paggs do not form part of the financial statements.
Page 15 West Cumbria Search and Rescue Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 December 2025 Period from 28 Jul 23 to 31 Dec 24 Year to 31 Dec 25 Income and endowments Donations and legacles Donations Grants receivable 49.290 3.574 10.310 52.864 10.310 Charitable activities Attendances Sundry Sales 2,358 199 2,557 other income Other income 100 Total Income 52,964 12.867 Expenditure Expenditure on charitable activiti¢s Insurance Motor vehicle expenses Legal and professional fees Other office costs Depreciation Expensed equipment Training courses Volunteers expenses 1,648 6,575 960 2,01 S 1,975 7,774 5,142 1,479 1,328 323 2,720 1,401 2,323 27,569 8,095 Other expenditure Loss on disposal of tangible fixed assets held for charlty's own use 1350} Total expenditure 27,219 8.095 Net Income 25,745 4,772