2020-12-31-accounts - Caister Volunteer Lifeboat Service Limited

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Trustees' annual report (incorporating			the	directors'	report)
Independent auditor's	repoA to	the members
Statement offinancial	activities	(including		income	and expenditure	account)	12
Balance sheet							13
Notes to the financial	statements

office The trustees		Tan Lane Caister on Sea Great Yarmouth Norfolk NR30 5DJ
The trustees	who served	during the year and at the date of	approval	were as follows.
		Paul Garrod (Chairman)
		Andrew Tumor (Vice Chairman)
		Guy Gibson (Coxwain)
		Elaine Anderton
		Jason Delf
		Richard Miles
		Paul Williams
		Derek George (Secretary) (died		21	July 2020)
		C Willavize (Secretary)	(appointed		3December 2020)
Auditor		Lovewell Blake LLP
		Chartered accountants	& statutory		auditor
		Bankside 300
		Peachman Way
		Broadland Business Perk
		Norwich
		NR7 OLB
Solicitors		HKB Wiltshires
		16/17 South Quay
		Great Yarmouth
		Norfolk
		NR30 2RA

Caister Volunteer Lifeboat	Caister Volunteer Lifeboat	Caister Volunteer Lifeboat	Service Limited
Company Limited	by Guarantee
Trustees' annual	report (incorporating the directors'			report)	fconunued)
Year ended 31 December		2020
Achievements and performance		fconunvvu)
24 February 2020	ALB		Reports of dog m water
11 March 2020	ALB		Reports ofvessel aground
11August 2020	ALB		Vessel 'Maximus' taking on water
17August 2020	ALB &	ILB	Vessel 'Catalonia' run aground
15September 2020	ALB		Vessel 'Avocet' engine failure
16September 2020	ILB		Shoreline search for missing person

				2020		2019
			Unrestricted	Restricted
		Note	funds f	funds f	Total funds	Total funds f
Income and endowments
Donations and legacies		5	130,132		130,317	311,766
Other trading activities		8	282		282	26,958
Investment income		7	59,196		59,196	70,279
Total Income			189,610		189,795	409,003
Expenditure
Expenditure on raising funds:
Costs ofother trading	activities	8	(220)		(220)	(12,742)
investment management costs		0	(19,897)		(19,897)	(23,955)
Expenditure on charitable	acfivities	10	(190,497)		(190,497)	(207,072)
Other expenditure		11	(7,972)		(7,972)
Total expenditure			(218,586)		(218,586)	(243,769)
Net (expenditure)flncome	and net
movements in funda before gains and
losses on investments			(28,976)	185	(28,791)	165,234
Net gosses)/gains on investments		12	(30,355)		(30,355)	153,124
Net (expenditure)/income	and net
movement in funds			(59,331)	185	(59,146)	318,358
Reconciliation offunds
Total funds brought forward			4,214,024	30,720	4,244,744	3,926,386
Total funds carried fonvard			4,154,693	30,905	4,185,598	4,244,744

Fixed assets			Note	2020 8	f	2019 8
Tangible fixed assets investments			17 18		329,709 2,257,499		460,434 2,294,173
					2,587,208		2,754,607
Current assets
Stock Debtors Cash at bank and	in hand		19 20	12,656 29,448 1,563,958		12,677 57,834 1,426,069
				1,606,062		1,496,580
Creditors: Amounts		falling due within
one year			21	(7,672)		(6,443)
Net current assets					1,598,390		1,490,137
Total assets less	current liabilifies				4,185,598		4,244,744
Net assete					4,185,598		4,244,744
Funds ofthe charity
Restricted funds Unrestricted funds					30,905 4,154,693		30,720 4,214,024
Total charity funds			22		4,185,598		4,244,744

					Unrestricted	Restricted	Total Funds
					Funds f	Funds 8	2020
	Donations
	Donatione Gift aid				27,966 871	185	28,151 871
	Legacies
	Legacies				99,021		99,021
	Subscriptions
	Subscriptions	-'Friends'			1,103		1,103
	Other donations		and legacies
	Collection boxes				1,171		1,171
					130,132	185	130,317
					Unrestncted	Restricted	Total Funds
					Funds f	Funds f	2019 f
	Donations
	Donations Gift aid				48,550 3,626	10,252	58,802 3,626
	Legacies
	Legacies				232,525		232,525
	Subscriptions
	Subscriptions-'Fnends'				3,922		3,922
	Other donations		and legacies
	Collection boxes				12,891		12,891
					301,514	10,252	311,766
6.	Other trading	activities
				Unrestncted	TotalFunds	Unrestricted	Total Funds
				Funds	2020 f	Funds f	2019
	Cafe sales Souvenir sales			282	282	14,868 12,090	14,868 12,090
				282	282	26,958	26,958

Investment	Income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds f	2020 f	Funds f	2019 E.
Investment	income	58,127	58,127	67,837	67,837
Bank interest receivable		1,069	1,069	2,442	2,442
		59,196	59,196	70,279	70,279

Costa ofot	her trading activiti	es
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2020 f	Funds f	2019 f
Shop costs		220	220	2,248	2,248
Fundraising	events			3,486	3,486
Cafe costs				7,008	7,008
			220	12,742	12,742

		Unrestricted	Total	Funds	Unrestricted	Total	Funds
		Funds F		2020 f	Funds		2019 f
Porffolio	management	19,897		19,897	23,955		23,955

10.	Expenditure	on	cha	rita	b	le	activities
									Unrestricted	Restncted	Total Funds
									Funds f	Funds	2020
	Boat and tractor		running			expenses			53,808		53,808
	Property costs								18,951		18,951
	Office costs								6,686		6,686
	Depreciation								73,213		73,213
	Insurance								26,368		26,368
	Professional	fees							5,627		5,627
	Governance	costs (see			below)				5,844		5,844
									190,497		190,497
									Unrestricted	Restricted	Total Funds
									Funds	Funds	2019
									F		F
	Boat and tractor		running		expenses				15,451	4,383	19,834
	Property costs								25,027		25,027
	Office costs								30,746		30,746
	Depreciation								97,153		97,153
	Insurance								27,122		27,122
	Professional	fees							1,700		1,700
	Governance	costs (see			below)				5,490		5,490
									202,689	4,383	207,072
	Analysis of	governance				costs:
								Unrestncted	Restricted	Total Funds	Total Funds
								Funds	funds	2020	2019
								6		6
	Auditor remuneration			- audit			services				5,490
11.	Other expenditure
								Unrestricted	Total Funds	Unrestricted	Total Funds
								Funds F	2020	Funds f	2019 F
	Loss on disposal		oftangible				fixed assets
	held for charity's		own	use				7,972	7,972

12.	Net (losses)/g	ains on i	nvest	ments
					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds f	2020 6	Funds	2019
	Gains/gosses)	on other	investment
	assets				(30,355)	(30,355)	153,124	153,124
13.	Net (expenditure)/income
	Net (expenditure)/income		is stated after charging/(crediting).
							2020	2019
	Depreciation	oftangible	fixed assets				73,213	97,153
	Loss on disposal oftangible			fixed assets			7,972
14.	Auditors remuneration
							2020 6	2019 f
	Fees payable	for the audit ofthe financial			statements		5,844	5,490
	Fees payable	to the charity's		auditor and	its associates for	other services:
	Other non-audit services						1,800

Tangible fixed assets
		Shed,
	Long	sllpway and		Lifeboats
	leasehold	Visitor	Motor	and
	property 6	Centre	vehicles	equipment 5	Total 6
Cost
At I January 2020	250	891,061	12,471	1,199,592	2,103,374
Additions Disposalc				3,700 (213,325)	3,700 (213,325)
At 31 December 2020		891,061	12,471	989,967	1,893,749
Depreciation
At 1 January 2020 Charge for the year Dieposals	120 5	808,221 20,710	3,741 2,182	830,858 50,316 (152,113)	1,642,940 73,213 (152,113)
At 31December 2020	125	828,931	5,923	729,061	1,564,040
Carrying amount
At 31 December 2020	125	62,130	6,548	260,906	329,709
At 31 December 2019	130	82,840	8,730	368,734	460,434

	Other
	Investmentsf
Cost or valuation
At 1 January 2020	2,294,173
Additions Disposals Fair value movements Cash movements	1,276,366 (1,642,970) 128,591 201,339
At 31 December 2020	2,257,499
Impairment
At 1 January 2020 and 31 December 2020
Canying amount
At 31 December 2020	2,257,499
At 31 December 2019	2,294,173

	The following	in	ves	tments r	ep	rese	nt	more	than 5	'4 ofthe fixed ass	et investments-
											2020	2019
	Legal & General		Multi-Asset		Target			Return	IAcc		226,906
	AS I Strategic	Investment Allocation						Fund			130,476
	Premier Multi-Asset			Monthly	Income			C Inc				409,426
	F&C MM Navigator			Distdbution		C	Inc					398,441
	Fidelity Multi-Asset			Income	N	Inc						416,831
	F&C MM Navigator			Distribution		D	Acc					224,533
19.	Stocks
											2020	2019
											6
	Stock										12,656	12,677
	Stock relates	to	goods for resale				in	the charity's		shop.
20.	Debtors
											2020 f	2019 f
	Prepayments	and		accrued	mcome						14,430	14,430
	Other debtors										15,018	43,404
											29,448	57,834

Creditors: Amounts falling due within one ye	ar
	2020	2019
		f
Trade creditors	1,229
Accruals	6,443	6,443
	7,672	6,443

Year ended 31 December	Year ended 31 December	2020
		Balance at 1 Jan 2020	Income	Expenditure	(Losses)/gains and transfers f			Balance at 31 Dec 2020
Designated	funds
Designated	Long Term
Fund All Weather	Lifeboat	1,462,571				(101,197)		1,361,374
Fund		10,000						10,000
General Funds		1,472,571 2,741 453	189,610	(218,586)		(101,197) 70,842		1,371,374 2,783,319
		4,214,024	189,610	(218,586)		(30,355)		4,154,693
Restricted	funds
Harry Pascoe Training
Fund New Lifeboat Fund		30,067 653	185					30,252 653
		30,720	185					30,905
Totalfunds		4,244,744	189,795	(218,586)		(30,355)		4,185,598
Year ended	31 December	2019
		Balance at 1 Jan 2019 f	Income 6	Expenditure 5	(Losses)/gains and transfers 6		Balance at 31 Dec 2019 f
Designated	funds
Designated	Long Term
Fund All Weather	Lifeboat	1,488,208				(25,637)		1,462,571
Fund		10,000						10,000
General Funds		1,498,208 2,403,327	398,751	(239,386)		(25,637) 178,761		1,472,571 2,741,453
		3,901,535	398,751	(239,386)		153124		4 214024
Restricted funds
Harry Pascoe Training
Fund New Lifeboat Fund		24,198 653	10,252	(4,383)				30,067 653
		24,851	10,252	(4,383)				30,720
Total funds		3,926,386	409,003	(243,769)		153124		4 244 744

As at 31 December 2	020
		Tangible		Net current
		fixed assets f	Investments f	assets f	Total 2020f
Restricted income funda
Harry Pascoe Training	Fund			30,252	30,252
New Lifeboat fund				653	653
				30,905	30,905
Unrestricted Income	funds
Designated Funds			1,361,374	10,000	1,371,374
General Funds		329,709	896,125	1,557,485	2,783,319
		329,709	2,257,499	1,567,485	4,154,693
Total		329,709	2,257,499	1,598,390	4,185,598
As at 31 December 2019
		Tangible		Net cunent
		fixed assets E	Investments f	assets E	Total 2019
Restricted income funds
Harry Pascoe Training	Fund			30,067	30,067
New Lifeboat fund				653	653
				30,720	30,720
Unrestricted Income	funds
Designated Funds			1,462,571	10,000	1,472.571
General Funds		460,434	831,602	1,449,417	2,741,453
		460,434	2,294,173	1,459,417	4,214,024
Total		460,434	2,294,173	1,490,137	4,244,744