## ## ## ## ||||||||Page| |---|---|---|---|---|---|---|---| |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| ## ## ## ## ## ## ##