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2022-04-05-accounts

Trustees Mr Christopher Payne, Trustee
Mr Paul Holland, Trustee
Mr Robert Francis, Trustee
Mr Alan Verney, Trustee
Mr Colin Plummer, Trustee
Mr Nick Alexander, Trustee
Mrs Diane Spray, Trustee
Mrs Elizabeth Payne, Trustee
Mrs Janice Francis, Trustee
Ms Wendy Copping, Trustee
Mr Shaun O'Hara, Trustee (resigned 4 May 2021)
Mr Brian Shaw, Chair, Trustee
Mr Andrew Fields, Trustee
Mr David Francis, Trustee (appointed 6 April 2021)
Mr Neil Munro, Trustee (appointed 6 April 2021)
Company registered
nurnber 01098775
Charity registered
number 266406
Registered office 12 Church Street
Cromer
Norfolk
NR27 9ER
Company secretary Mrs Pamela Tidd
Accountants MA Partners LLP
Chartererd Accountants
7 The Close
Norwich
Norfolk
NR1 4DJ

Unrestricted Total Total
funds funds funds
2022 2022 2021
Note £ £ £
Income from:
Donations and legacies 2 15,942 15,942 26,393
Other trading activities 3 31,216 31,216 14,468
Investments 4 11,100 11,100 12,860
Other income 5 16,272 16,272 2,530
Total income 74,530 74,530 56,251
Expenditure on:
Raising funds 6,7 19,786 19,786 21,481
Charitable activities 8 76,012 76,012 43,906
Total expenditure 95,798 95,798 65,387
Net expenditure before net gains on investments (21,268) (21,268) (9,136)
Net gains on investments 12,324 12,324 69,004
Net movement in funds (8,944) (8,944) 59,868
Reconciliation of funds:
Total funds brought forward 1,020,976 1,020,976 961,108
Net movement in funds (8,944) (8,944) 59,868
Total funds carried forward 1,012,032 1,012,032 1,020,976

2022 2021
Note
Fixed assets
Tangible assets 12 208,881 209,003
Investments 13 540,157 526,088
749,038 735,091
Current assets
Stocks 14 4,578 5,099
Debtors 15 3,402 4,798
Investments 16 194,588 193,327
Cash at bank and in hand 62,903 84,598
265,471 287,822
Creditors: amounts falling due within one
year 17 (2,477) (1,937)
Net current assets 262,994 285,885
Total assets less current liabilities 1,012,032 1,020,976
Net assets excluding pension asset 1,012,032 1,020,976
Total net assets 1,012,032 1,020,976
Charity funds
Restricted funds 19
Unrestricted funds 19 1,012,032 1,020,976
Total funds 1,012,032 1,020,976

Unrestricte Total Total
d funds funds funds
2022 2022 2021
£ £ r
Donations 12,775 12,775 5,986
Legacies 500 500 500
Government grants 2,667 2,667 19,907
15,942 15,942 26,393

Unrestricte Total Total
d funds funds funds
2022 2022 2021
£ £ £
2,287 2,287

Unrestricte Total Total
d funds funds funds
2022 2022 2021
£ £ £
Shop sales 28,929 28,929 14,468

Unrestricte Total Total
d funds funds funds
2022 2022 2021
£ £ £
Income from listed investments 9,839 9,839 10,515
Income from unlisted investments 1,261 1,261 2,345
11,100 11,100 12,860

Unrestricte Total Total
d funds funds funds
2022 2022 2021
£ £ £
Insurance claims 15,600 15,600
VAT refund 672 672 2,530
16,272 16,272 2,530

Unrestricte Total Total
d funds funds funds
2022 2022 2021
£ £ £
Sundry 248 248
Printing, postage and stationery 474 474
722 722

Unrestricte Total Total
d funds funds funds
2022 2022 2021
£ £ £
Shop expenses 9,367 9,367 12,550
Shop f&f depreciation 1,603 1,603 1,545
10,970 10,970 14,095

Unrestricte Total Total
d funds funds funds
2022 2022 2021
£ £ £
Investment management fees 8,094 8,094 7,386

Unrestricte
d funds Total Total
2022 2022 2021
Lifeboat & boathouse 76,012 76,012 43,906

Activities
undertaken Total Total
directly funds funds
2022 2022 2021
Lifeboat & boathouse 76,012 76,012 43,906

Lifeboat & Total Total
boathouse funds funds
2022 2022 2021
£ £ £
Lifeboat running costs and repairs 4,474 4,474 2,768
Replacement lifeboat costs 462 462
Boathouse maintenance 13,034 13,034 2,606
Fuel 1,393 1,393 631
Crew medicals 1,723 1,723 274
Uniform & PPE 2,362 2,362 480
Tractor shed 175 175 979
Training 16,008 16,008 379
Rates & waste 1,659 1,659 1,659
Water, Light & Heat 905 905 1,314
Telephone and broadband 670 670 574
Priting, postage & stationery 532 532 113
Website hosting & mods 275 275 105
Insurance 4,072 4,072 3,474
Accountancy 1,861 1,861 1,813
DBS checks 72 72 58
Sundry 142 142 80
Depreciation 26,193 26,193 26,599
76,012 76,012 43,906
Independent examiner's remuneration
2022 2021
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts 1,800 1,752

Plant and Fixtures and Other fixed
machinery fittings assets Total
Cost or valuation
At 6 April 2021 196,537 27,755 208,886 433,178
Additions 17,945 9,729 27,674
At 5 April 2022 214,482 27,755− 218,615 460,852
Depreciation
At 6 April 2021 136,218 23,883 64,074 224,175
Charge for the year 21,811 1,603 4,382 27,796
At 5 April 2022 158,029 25,486 68,456 251,971
Net book value
At 5 April 2022 56,453 2,269 150,159 208,881
At 5 April 2021 60,319 3,872 144,812 209,003

Listed
investments
Cost or valuation
At 6 April 2021 516,813
Additions 1,745
At 5 April 2022 518,558
Impairment
At 6 April 2021 (9,275)
Charge for the year (12,324)
At 5 April 2022 (21,599)
Net book value
At 5 April 2022 540,157
At 5 April 2021 526,088
14. Stocks
2022 2021
Finished goods and goods for resale 4,578 5,099

2022 2021
Due within one year
Prepayments and accrued income 3,402 4,798
3,402 4,798

Statement of funds −cur rent year
Balance at 6 **Gains/ ** Balance at 5
April 2021 Income Expenditure (Losses) April 2022
Unrestricted funds
General Funds 1,020,976 74,530 (95,798) 12,324 1,012,032
Statement of funds −prior year
Balance at Transfers Balance at
1 April 2020 Income Expenditure in/out 5 April 2021
Unrestricted funds
General Funds 961,108 56,251 (65,387) 69,004 1,020,976

Balance at 6 **Gains/ ** Balance at 5
April 2021 Income Expenditure (Losses) April 2022
General funds 1,020,976 74,530 (95,798) 12,324 1,012,032
Summary of funds −prior year
Balance at Transfers Balance at
1 April 2020 Income Expenditure in/out 5 April 2021
General funds 961,108 56,251 (65,387) 69,004 1,020,976

Unrestricte Total
d funds funds
2022 2022
Tangible fixed assets 208,881 208,881
Fixed asset investments 540,157 540,157
Current assets 265,471 265,471
Creditors due within one year (2,477) (2,477)
Total 1,012,032 1,012,032

Analysis of net assets between funds −prior year
Unrestricted Total
funds funds
2021 2021
Tangible fixed assets 209,003 209,003
Fixed asset investments 526,088 526,088
Current assets 287,822 287,822
Creditors due within one year (1,937) (1,937)
Tl 1,020,976 1,020,976