Règistered number: 01098775
Charity number: 266406
MUNDESLEYVOLUNTEER INSHORE LIFEBOAT LIMITED
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees. Report
Independent Exarniner's Report
Statement of financial activities
Balanc8 shoat
10- 11
Notes to the financial statements
12-23

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2025
Trustees
Mr Christopher Payne, Trustee
Mr Robert Francis, Trustee
Mr Alan Verney, Trustee (resigned 4 Nov8mber 20241
Mr Nick Alexander, Trustee
Mrs Elizabeth Payne, Trustee
Mrs Janice Francis, Trustee
Ms Wendy Copping, Trustee
Mr Bryan Hall, Trustee
Mr Brian Shaw, Chair, Truste8
Mr David Francis, Trustee
Mr Neil Munro, Trustee
Mr David Hearn, Trustee
Miss Bgverley Fowlgr, Truslge
Company registered
number
01098775
Charity registered
number
266406
Registered office
12 Church Street
Cromer
Norfolk
NR27 9ER
Company secretary
Mrs Pamela Tidd
Accountants
MA Partners LLP
charte￿rd Accountsnts
7 The Close
Norwich
Norfolk
NR14DJ
Page 1

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 5 APRIL 2025
The Trustees present their annual report together with the financial statements of the Charity for the year 6 April
2024 to 5 April 2025. The annual report serves the purposes of both a Trustees, Report and a Directors, Report
under company law. The Trustees confirm that the annual report and financial statements of the Charitable
Company comply with the current statutory requirements, the requirements of the Charitable Companls
governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to
charities preparing their accounts in accordan￿ wth the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS102) (effective 1 January 20191.
sin￿ the Charrfty qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors. Report)
Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The Charity's objectives are for the public benefit, piimarily and wholly the preservation and saving of life from
the sea. The Charity will execute this by the Maintenan￿ and fitting out of a lifeboat together with a water rescue
team from its base at Mundesley, Norfolk.
In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance
published by the Charity Cornmission relating lo public benefit, including the guidance 'Public benefit= running a
Charity IP821'.
Page 2

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Achievements and perfomiance
- Main achievements ofthe Charity
During this financAal year, phased replacement of Crew dry suits and safety equipment continued.
Completed 2nd successfully passed the MCA'S 'declared facility status. audit.
Completed transfer of ownership of access slope to the Service.
Continued work to resolve the waterproofing issues associated with the new lifeboat intercom system. Carried
out review of spares held for this system.
Updated Crew training matrix to comply with MCA audit requirements.
Main h211 of boathouse fitted with modem non-slip floor covering, complete with walkway marking.
Completed purchase of replacement Crew minibus, complete with bespoke graphics.
Completed purchase of 2 dynamic while board for boathouse lo aid with Crew training and presentations.
Successfully opened current and savings accounts with Charity Aid Foundation ICAFI Bank to lessen reliance on
Barclays Bank.
Reviewed bank mandate with CAF Bank and increased signatories to 5 persons.
Completed oxygen bottle stowage on lifeboat so th2102 is carried al all times.
Completed purchase and inst21121ion of new notiee board on clifftop sealing area.
Completed purchase of 5 personal loealor beacons as action from MCA'S 'deelared facility status, audit.
Commenced plans to replace fuel and Friends storage containers.
Successfully completed the intermediate lifeboat inspection for the rescue boat coding in conjunction with
MECAL surveyor.
Page 3

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
Gon￿rn basis can be found in the accounting policies.
b. Rese￿eS policy
The total fund8 of the Charity were £1,085,204 at 31 March 2025 (2024.. £1,107,303). Free reserves. being
unreslricled funds not represented by fixed assets were £272,271 at 31 March 2025 (2024.. £373,434).
The Charity has identified a target level of total funds of £1,000,000.
The Charity has in place insurances specifically lo cover personal accident, loss of equipment and buildings. The
reserves policy is based on a substantial compounded loss of equipment andlor buildings. which is deemed
uninsured or which requires monies for replacement while awaiting insurance payment. Such a loss could be
inundation of the lifeboat station from a storm surge, resulting in the loss of the building and fittings, lifeboat,
launching Iraclor and Crew's safely equipment. The Charivs focus is to have sufficient reserves in place so
should a need arise to build a new boat house and l or purchase a new boat, the Charity is able to do so. The
reseNes policy strategy is to minimise operational disruption and loss of servi￿.
Page 4

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Structure, governance and management
a. Constitution
Mundesley Volunteer Inshore Lifeboat Limited is registered as a Charitable Company limited by guarantee and
was set up by a Trust Deed. In the event of the Charity being wound up. the liability is limited to £1 per Member
of the Charity.
The Company is constituted under a Memorandum of Association and is a registered Charity number 266406.
b. Mèthods of appointment orelection of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
temis of the Trust Deed.
¢. Organisational structure and decision-making policies
The Trustees meet on a regular basis, a Minimum of twice a year, in order to monitor the progress of the Charity.
to make key decisions and lo see that the legal requirements such as those of the Registrar of Companies, the
Charity Commission and other regulatory bodies are 2dhered to.
d. Policies adopted for the induction and training of Trustees
The Charity reviews it's current policies in connection with the appointment and training of future Trustees each
year. It's operational risk assessments are up lo dale and a risk assessment is undertaken for all fundraising
aclivilies. A financial risk assessment is regularly being reviewed by the Trustees.
Page 5

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Plans for future periods
A further 2 Crew members to train and qualify to Class H Itracked vehicle) driving standard.
Continue with the phased Crew dry suit and safety equipment replacernenl.
Vvork towards developing more Crew lo helmsrnan standard.
Shop Manager lo develop use of Vinled online selling for some donated shop items.
Continue efforts to source new Trustees, Friends and Crew members to strengthen service.
Engage solicitors to carry out a review and update of service Memorandum and Articles as these 2re now over
50 years old.
Continue support of local community initiatives with sea safety talks in schools etc 2nd providing vi112ge
defibrillator installation.
Vvork with Trident Training and Consultancy to integrate Penthrox pain relief into casualty care.
Update medical check cards to inclLJde Penthrox administration and latest treatment protocols.
Pul in place fuel card lo offset problem caused by loss of local garage fuel supply.
Complete purchase of replacement fuel and Friends storage containers and arrange installation.
Replace petrol and diesel storage cans to lalesl standard lo overcome forecourt refilling issues.
Survey marketplace to ascertain if current EPOS system is the most cost effective and workable solution.
Review current Crew training structure to aS￿rtain if a move lo the RNLI system is appropriate. this potentially
will aid Launching Authority decision making.
Page 6

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 5 APRIL 2025
Statement of Trustees. responslbllltles
The Trustees Iwho are also the DIr￿101S of the Charity for the purposes of company lawl are responsible for
preparing the Trustees, Report and the financial statements in accordan￿ with applicable law and United
Kingdom Accounting Stsndards Iuniled Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Trustees lo prepare financial slalements for each financial year. Under company
law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and
fair view of the stste of aff8irs of the Charity and of ils incoming resources and application of resources,
including its income and expenditure, for that pericxj. In preparing these financial slalements. the Trustees are
required lo..
select suitsble accounting FK)licies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the
Charity wll continue in business.
The Truslges ar8 responsibl8 for kgeping adequat8 accounting rgcords that ar8 sufficient lo show and 9xplain
the Charity's transactions and disclose with reasonable accuracy at any time the fin8ncial position of the Charity
and enable them to ensure that the financial slalements comply wlh the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by order of the members of the Board of Trustees and signed on their behalf by..
Mr Brlan Shaw
Date.. 3 November 2025
Page 7

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2025
Independent Examlner's Report to the Twstees of Mundesley Volunteer Inshore Llfeboat
Limited {'the Charity'l
I report lo the Charity Trustees on my examination of the accounts of the Charity for the year ended 5 April 2025.
Responsibilities and Basis of Report
As the Trustees of the Charity {and its Directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 20061.lhe 2006 Acl'l.
H8ving satisfied myself that the accounts of the Charity are not required lo be audited under Part 16 of the 2006
Act and are eligible for independent examination, I report in r9spect of my examination of the Charity's accounts
carried out under section 145 of the Charities Act 2011 lllhe 2011 Acl'l. In carrwng out my examination I have
followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act.
Independent Examiner's Statement
I have completed my examination. I confirm th8t no mattgrs have come lo my 8ttenlion in connection with the
ex8minalion giving me c8use to believe..
2ccounting records were not kept in ￿SPect of the Charity as required by section 386 of the 2006 Act., or
the accounts do not accord with those records., or
the accounts do not comply wth the accounts'ng requirements of section 396 of the 2006 Act other than
any requirement that the 8ccounls give 8 '1rue and fairf view which is not a matter considered as part of
an independent examination., or
the accounts have not been p￿pared in accordance wtth the methods and principles of the Stslemenl of
Recommended Practice for accounting and reporting by ch8rities.
I h8ve no concerns and have come across no other mallers in connection with the examination lo which
attention should be drawn in this report in order lo enable 8 proper understanding of the accounts lo be reached.
This report is made solely lo the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might slate to the Charills
Trustees those matters l am required to slate to them in an independent examiner's report and for no other
purpose. To the fullest extent permilled by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charitls Trustees as a body, for my work or for this report.
Signed..
Dated.. 4 December 2025
Alice Lynch Bsc FCA DChA
MA Partners LLP
Chartererd Accountants
7 The Close
Norwich
Norfolk
NR1 4DJ
Page 8

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 5 APRIL 2025
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from-
Donations and legacies
Other trading activities
Investments
Other income
13,758
74.612
19.561
4,551
13,758
74.612
19.561
4,551
33,268
70, 744
17,259
Total income
112.482
112.482
132,682
Expenditure on:
Raising funds
Charitable activities
29,956
102,339
29,956
102,339
35,020
98,122
Total expenditure
132.295
132.295
133.142
Net expenditure bgforg not gainsl(lossesl on
invostments
Nel gainslllossesl on investments
Net movement in funds before other recognised
gainslllossesl
119,813)
1.240
119,813)
1.240
{460)
(767)
118,573)
118,573)
(7,221)
Other recognlsed galnslllosses):
Gains on revaluation of fixed assets
2,474
2,474
Net movement In funds
116.099)
116.099)
25,950
Reconciliation of funds:
Total funds brought fotward
Net movement in funds
1.101.303
116,099)
1.101.303
116,099)
7,075.353
25,950
Total funds carrled fO￿ard
1,085,204
1,085,204
1, 101,303
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 12 to 23 fom) part of these financial statements.
Page 9

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
REGISTERED NUMBER: 01098775
BALANCE SHEET
AS AT 5 APRIL 2025
2025
2024
Note
Fixed assets
Tangible assets
Inveslm8nts
12
273,148
539.785
262, 199
525,670
13
812,933
787,869
Current assets
Stocks
Debtors
Investments
14
15
16
5,202
6,723
176,966
87,220
2,571
6,632
t Tl, 129
136,349
Cash at bank and in hand
276,111
376,681
Current Ilabllltles
Creditors= amounts falling due within one
year
17
13,8401
(3,247)
Net current assets
272.271
313,434
Total net assets
1,085,204
1. 101,303
Charity funds
un￿StrIcted funds
18
1,085,204
7, 101,303
Total funds
1,085,204
t. 101,303
Page 10

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
REGISTERED NUMBER.. 01098775
BALANCE SHEET {CONTINUED>
AS AT 5 APRIL 2025
The Charity was entiljed to exemption from audit under section 477 of the Companies Act 2006.
The Members have not required the company lo obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act wtth respect to
accounting records and preparation of financial statements.
The financial statements have been prePar￿j in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements We￿ approved and aulhorised for issue by the Trustees and sign&J on their behalf by..
Mr Brian Shaw
Dat8.' 3 Novemb8r 2025
The notes on pages 12 to 23 fortn part of these financ4al slalemenls.
Page11

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Accountlng pollcles
1.1 General information
Mundesley Volunteer Inshore Lifeboat Limited is a registered Charitable Company limited by
guarantee, incorporated in England and Wales, registration number 01098775. The Members of the
Charity include the Trustees named on page 1.
The financial statements are presented in sterling which is the functional currency of the Charity to
the nearest £.
The significant awounting policies in the preparation of these financial statements are sel out below.
These policies have been consislenlly applied to all years presented unless otherwise slated.
1.2 Basis of preparation of financial statements
The financial stslemenls have been prepared in accordance wilh the Charities SORP IFRS 1021
Accounling and Reporting by Charities.. Stslemenl of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 {effe¢tive 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Mundesley Volunteer Inshore Lifeboat Limited meets the definition of a public benefit entity under
FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless
othenNise staled in the relevant accounting policy.
1.3 Going concem
Following appropriate enquiries and analysis, the Trustees have positive expectslion that the Charity
has adequate resources lo continue in operational existen￿ for the foreseeable future. For this
reason, they continue to adopt the going con￿rn basis in preparing the financial statements.
1.4 Income
All income is recognised On￿ the Charity has entillemenl lo the income, it is probable that the
income will be received and the amount of income re￿1vable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of
re￿Ipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entillemenl lo a legacy exists when the Charity has sufficient ev1dern￿ that a gift has been left lo
them Ilhrough knowledge of the existen￿ of a valid will and the death of the benefactor) and the
executor is satisfied that the property in question will not be required to satisfy Claims in the estate.
Receipt of a legacy musl be recognised when it is probable that it will be received and the fair value
of the amount re￿1Vable, which will generally be the expected cash amount to be distributed to the
Charity, can be reliably measured.
Income tax recoverable in relation lo investment income is recognised al the lime the investment
income is receivable.
Other income is recognised in the period in which it is receivable and to the exlenl the goods have
been provided or on completion of the servi￿.
Page 12

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Accountlng pollcles Icontlnued)
1.5 Expendlture
Expenditure is recognised once Ih8re is a leg81 or constructive obligation lo Ir8nsfer economic benefit
lo a third p8rty, il is probable that a transfer of economic benefits will be required in settlement and
the amount of the oblig8tion can be measured reliably.
Expenditure on raising funds includes all expenditure incurred by the Charity lo r8ise funds for its
charitsble purposes and includes costs of all fundr8ising 8cb'vities events and non-ch8ri18ble tr8ding.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charitys objectives, as well as any associated support Costs.
All expenditure is inclusive of irrecovgrable VAT.
1.6 Tangible fixed assets and depreciation
Tangible fixed assets are capilalised and recognised when future economic benefits are probable
and the cost or v81ue of the asset can be measured reli8bly.
Tangible fixed 8ssels 8r8 initially recognised at cost. After recognition, under the cost model, 18ngible
fixed assets are measured at cost less accumulated depreciation and any accumu181ed imp3irmenl
losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be
included in the measurement of cost.
Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives, using the str8ight-line method.
Depreciation is provided on the following b8SIS'.
Plant and machinery
Fixtures and fittings
Other fixed assets
25Yo
15Yo
2Yo
1.7 In¥estments
Fixed 8ssel investments 8re a form of financial instrument and are initially recognised at their
transaction cost and subsequently measured at fair v81ue at the balance sheet dale, unless the value
cannot be measured reliably in which case il is measured at cost less impairment. Investment gains
and losses, whether realised or unrealised, 8re combined and presented as 'GainsllLossesl on
investments, in the slalemenl of financi81 activities.
1.8 stocks
Stocks are valued al the lower of cost and nel realisable value after making due allowance for
obsolete and slow-moving stocks.
1.9 Debtors
Trade and other debtors are recognised 8t the selllemenl amount 8fter any trade discount offered.
Prepayments are valued al the amount prepaid nel of any trade discounts due.
Page 13

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Accountlng pollcles Icontlnued)
1.10 Cash al bank and In hand
Cash al bank and in hand includes ￿sh and short-term highly liquid inveslmgnts with a short malurily
of three months or less from the datg of acquisition or opening of the deposit or similar 8ccount.
1.11 Llabllltles
Liabilities are recognised when there is an obligation al the balance sheet d81e as 8 result of 8 P8sI
evgnt, il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the setuement can be eslim8ted reliably.
Liabilities are recognised at the amount that the Charity anticipates il will pay lo settle the debt or the
amount il has received as advanced payments for the goods or services it musl providg.
1.12 Financial instruments
The Charity only h8s financial 8ssels and financi81 liabilities of a kind that qualify as basic financial
instruments. B8sic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured al amortised cost using the effective interest method.
1.13 Fund accountlng
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donatlons and legacles
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Donations
13,758
13,758
13,268
20,000
Legacies
13.758
13,758
33,268
Page 14

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Income from olher tradlng actlvltles
Income from fundralslng events
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Boat d8y
Boxing day dip
Other events
3.657
1.167
1.394
3,657
1,167
1,394
3,418
1,675
432
6,218
6,218
5,525
Incomo from non charitable trading activities
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Shop sales
68,394
68,394
65,279
Investment income
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Income from listed investments
Income from unlisted investments
13.552
6,009
13,552
6,009
12,517
4, 742
19.561
19,561
17,259
Page 15

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Other Incomlng resources
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
VAT refund
Profit on disposal of fixed assets
3,051
1,500
3,051
1,500
fl,411
4,551
4,551
11,491
Expenditure on raising funds
Costs of raising voluntary income
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Boat day expenses
Boxing day dip expenses
Sundry
Other events
1,294
1.138
22
2.166
1,294
1,138
22
2,166
1,205
36
2.605
3,791
4,620
4,620
7,637
Other trading expenses
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Shop expenses
Shop f&f depreciation
16.364
605
16,364
605
20,947
605
16.969
16,969
21,546
Page 16

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Investment management costs
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Investment management fees
8.367
8,367
5,837
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2025
Total
2025
Total
2024
Lifeboat & boathouse
102.339
102,339
98.122
Analysis of expenditure by activities
Activities
undertaken
directly
2025
Total
funds
2025
Total
funds
2024
Lifeboat & boathouse
102,339
102,339
98,122
Page 17

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
Analysls of expendlture by actlvltles Icontlnuedl
Analysls of dlrect costs
Lifeboal &
boathouse
2025
Total
funds
2025
Total
funds
2024
Depreciation
Lifeboat running costs and repairs
Crew medicals
Unifomi & PPE
Training
51,619
9.128
1.257
3,764
12,451
51,619
9,128
1,257
3,764
12,451
47,825
10,334
1,(105
505
tl,918
F iii
Rates & waste
Water, Light & Heat
Telephone and broadband
Printing, postage & stationery
Insurance
1.953
3.306
937
787
1,953
3,306
937
787
6,419
2,365
1,954
136
1, 766
2,154
999
398
6.419
2.365
1,954
136
6,483
2,017
2,013
403
Accountancy
Sundry
DBS checks
Fuel
1.393
4.870
1,393
4,870
2,040
8,202
Boathous8 maintenan¢9
102,339
102,339
98,122
10.
Independent examiner's remuneration
2025
2024
Fees payable to the Charity's independent examiner for the independent
examination of the Charitls annual accounts
2,220
2,082
11.
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NILJ.
During the year ended 5 April 2025, no Trustee expenses have been incurred (2024- £NIL).
Page 18

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
12. Tanglble fixed assets
Plant and Fixtures and Other fixed
machinery
fittings
assets
Total
Cost or valuation
Al 6 April 2024
Additions
Disposals
281,328
56,725
110,9531
30,109
246,211
6,448
557,648
63,173
110.953)
At 5 April 2025
327,100
30,109
252,659
609,868
Depreciation
Al 6 April 2024
Charge for Ihg year
On disposals
189,630
46,556
110,9531
28,047
605
77,772
5,063
295,449
52,224
110.953)
At 5 April 2025
225,233
28,652
82,835
336,720
Net book value
Al 5 April 2025
101,867
1,457
169,824
273.148
At 5 April 2024
97,698
2,062
168,439
262, 199
Page 19

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
13.
Flxed asset Investments
Listed
investments
Cost or valuation
Al 6 April 2024
Additions
Disposals
Revaluations
525,670
75,997
164.356)
2,474
At 5 April 2025
539,785
Net book value
At 5 April 2025
539,785
Al 5 April 2024
525,670
14. Stocks
2025
2024
Finished goods and g(x)ds for resale
5,202
2,577
15. Debtors
2025
2024
Due within one year
Prepayments and accrued income
6,723
6.632
6,723
6,632
16.
Current asset investments
2025
2024
Unlisted investments
176,966
171,129
Page 20

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
17.
Credltor6'. Amounts falllng due wlthln one year
2025
2024
Accruals and def8rred income
3,840
3,247
18. Statement of funds
Statement of funds - current year
Balance at 6
April 2024
Gainsl Balance at 5
{Lossesl April 2025
Income Expenditure
Unrestrict8d funds
General Funds
1,101.303
110,982
(130.795)
3,714
1,085.204
Statement of funds - prior year
Balance al
7 April 2023
G8ins/
Balance al
(Loss6s) 5 April 2024
Income Expenditure
Unrestricted funds
General Funds
1,075,353
132, 682
(133, 142)
26,410
7, 101,303
Page 21

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
19.
Summary of funds
Summary of funds- current year
Balance at 6
April 2024
Gainsl Balance at 5
{Lossesl
April 2025
Income Expenditure
General funds
1,101,303
110,982
1130,795)
3,714
1,085,204
Summary of funds- prior year
Balance al
l April 2023
Gains/
Balance al
(Losses) 5 April 2024
Income Expenditure
General funds
1,075,353
132, 682
(133, 142)
26,410
1, 101,303
20.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2025
Total
funds
2025
Tangible fixed assets
Fixed asset investments
273,148
539,785
276,111
13,840}
273,148
539,785
276.111
{3.840)
Current assets
Creditors due within one ye8r
Total
1,085,204
1,085,204
Page 22

MUNDESLEY VOLUNTEER INSHORE LIFEBOAT LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2025
20. Analysls of net assets between funds Icontlnuedl
Analysls of net assets betsveen funds - prlor year
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
262, 199
525,670
316,681
(3,241)
262, 199
525,670
316,687
(3,247)
Total
I, f Of,303
t. 101,303
21.
Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any
outstanding balan￿S owing between related parties and the Charity al 5 April 2025.
Page 23