Solent Sea-Rescue Organisation Accounts For the year ended 31 March 2024 Solent Sea-Rescue Organisation Trustee Inforniation Registered number . 277791 Trustees . Andrew Barber Pamela Oddy Howard Burgess Members.. Hampshire County Council Eastleigh Borough Council Fareham Borough Council Freshwater Lifeboat Gosport and Fareham Inshore Rescue Gosport Borough Council HM Coastguard Havant Borough Council Isle of Wight County Counal New Forest District Council Portsmouth and Southsea Voluntsry Lrfeguards Portsmouth City Council Ryde Inshore Rescue Sandown and Shanklin Inshore Lrfeboat Solent Rescue Southampton City Council Stansw¢)od Beach Rescue Principal address Hampshire County Council The Castle Winchester Hampshire S023 8UB Independent Examiner . LIGHTATOUCH 7 Hodder Close Chandlers Ford S053 4QD Contents Page Trustees, report 34 Independent Examiners, report 5-6 Statement of financial activities Balance sheet Notes to the accounts 9-12 Solent Sea-Rescue Organisation Trustses. Report The Trustees present their report arKI the financial statements for the charity for the year ended 31 March 2024. Principal Activities The Charity is established to preserve or assist in the preservation of life and prevention of injury at sea on the foreshore of the Solent and on the beaches of the counties of Hampshire and the Isle of Wight. In the furtherance of these activities, but not further or Othe￿iSe, the powers of the charity are as set out in its constitution. The accounting policies adopted to further these objectp4es are set out in note 1 to the financial statements. There have been no material changes to these policies in the year. Review and Re8uIts We are gratefijl to local authorities for contributions received during the year; two local authorities contributed a totsl of £51.600. We are also grateful for any other donations received. There were no grants or loans given to beach and sea rescue units in 2023124. The support we have given to the voluntary beach and sea rescue units towards their units, running expenses has enabled them to respond to many incidents during the year. Responsibilities of the trustees Law applicable to charities in England and Wales requires the tfustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activtties during the year and of its financial position at the year end. In preparing these financial statements, the trustees have needed to.. select suitable accounting policies and then apply them consistently., make judgements and estimates that are reasonable and prudent,. stste whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charty will continue. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial ststements comply wrth the trust deed. 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. Management Arrangements The charity is governed by its trustees. This report was a on their behalf by rov Chairman. Independent Ex8miners' Re Independent Examlne¢s Rowrt to Il* TA*1￿$ ofthe Solenl Soa Rescu• OryanlsatioTr. Charfty Ilwnber 277791 I report on aLU)unls for ts ye8reThJ¢d 31 March 2(r24 are set (xrt on pages 7 to 12. Respective rMw)n85bllliles of th* S(Aont Sea RMcu• Organlsatlon and Inthpen￿ Examlner The SLYent Sea Rescue ckgar*sa1￿ c(xwder thèt ￿ wdrt is not ￿U[re￿ lor this year under seCt￿)n 144121 of Ihe ch￿1t*S Act 2011 (the 2011 Act) and Ihat an independent examination 15 needed It is my respOn8kn￿ty t￿. examine the accounts ￿ter se¢tK)ft 145 oflhe 2011 fvA*, folk)w the wc(edu￿S laKt inthe Ger￿#1 Dlrecii￿s gfiven ty th8 ChaTty cOmTr￿SsIOn0Ts 8ectKJn 14515)Ib} of the 2011 Acl: lo slate whelher partKLtkr matteTr have cc*M to my atteri￿. 8a•kn ol Ind•p￿d*n1 Ex•mln•rf• Stsi•m y ex8min81￿ was ¢8nwd Lmrt ffi accu￿ the Genernl Dwborts 9Nen by th• Chglty Comr1U¥SV￿. An ex8minalK)n in¢KHJes ¥ ofthe accoLmb'ng reoyd8 kept by Ihe charity and 8 compari80n ofth& accoun18 pre8ent8d v*th Ilme r¥corth. K dso of ￿Y Unusu￿ ilwns or disclosures in the accounts. arwj seeking eX￿anal￿￿5 from the Manage￿ent cornmrttee ¢onceming any such matters. The prCKeIkJ￿ un(lerlaken th not provide 811 the e¥￿er￿e that woubj be Tewired ￿ a full •LKlit, aTrJ ¢￿seqUent￿ I do aLKtht ot#Thon on th& 8rxoJnts. Independent Ex•mln•rf• Slat•m•nt to keep acrountirMJ r￿ordS in a¢(xyilaw wth s.130 01 Ihe 2011 Act,. to prepare ￿)unIS ￿0¥d wlh ierths have not been met", oi lo whth. in my ￿Mn￿)n. att•rikn shtyjhj be dra￿ trjwwbk a kycper uThJwst8ndlng of Ihè ￿0JnIS to be reathed. rim knght FMAAT . LIGHTATOUCH Lthnsed Acts)￿￿nt No e4157 7 Hodder Close Chandlers Ford Hants S05340D Solent Sea-Rescue Organisation Statement of Financial Activities for the year ended 31 March 2024 Note General Fund 2023124 Income and Expenditurn Incoming Resources Local authorities scale contributions Other contributions Interest received Totsl Incoming Resource8 51,600 30 51,630 Resourcos Expended Direct charitable expenditure Grantsl Loans to units Insurance Radio licences Subscription Other expenditure.. Management and administration of the charity Totsl R•source8 expended 106,610 500 3,360 110,474 Not incoming ￿OUrCeS for tho year Othar recoonised gains and 108ses Net movemènt In funds Fund balances brought forward at 1 April Fund balances carrled forward at 31 Ma￿h 8,845 -58,845 109,326 50,481 All movements relate to unrestricted Funds The notes on pages 9 to 12 foryn part of these accounts Solent Sea-Rescue Oryanisalion Balance Sheet as at 31 March 2024 2023124 Current Assets Prepayments Debtor Cash held 6.7&9 10 11 792 50.481 Llabllltles: amounts lalllng due wlthln on• year Net assets General Fund 8&12 Approved by t 2EI..s..J.zs e Board of Trustees on........ . and signed on its behalf by . Honorary Treasurer The notes on pages 9 to 12 fom part of these acownts Solent Sea-Rescue Organisation Nots8 to th• accounts for the year •nded 31 March 2024 1. Accounting Policies (a) Accounting Convention The accounts have been prepared in accordan￿ viith applicable accounting stsndards using the historical cost convention and in accordance with the requirements of the Charrties Act 2011 and the Statement of Recommended Practice (SORP) 2005. {b) Allocation of c08t Direct charitable expenditure includes all costs incurred in delivering the charity's principal objectives. (c) Interest, grants and donations a￿ credited to the accounts in the year in which they are due. 2. Local Authorlty Scale Contrlbutions 2023124 Hampshi￿ County Council New Forest District Council Fareham Borough Council Gosport Borough Council Isle of Wight County Council 49,000 2,600 3. Other contributions 2023124 Sailing Clubs, sponsorship, donations Intangible income 30 30 4. Interest 2023124 Interest Received S. Grants to Beach and Sea-Rescue Units 2023124 Freshwater Lrfeboat Gosport &Fareham Inshore Rescue Portsmouth & Southsea Voluntary Ryde Inshore Sandown & Shanklin Inshore Solent Rescue Stanswood Beach Resuce . Loans to units 2023124 Loan to Stanswood Beach Rescue 6. Insurance 2023124 Everard Underoiriting Exchange 67,479 39,132 106,610 All insurance p￿miuMS are apportioned bebNeen the two financial years they cover with payments relating to the next financial year being treated as a prepayment or a creditor if paid in the following financial year., this more accurately refiects the costs incurred in the current financial vear. 7. Subscription 2023124 D4H Technologies 3,360 3.360 Subscription costs are apportioned between the financial years they cover with payments relating to the next financial year being treated as a prepayment or a credrtor rf pahd in the following financial year., this more accurately reflects the costs incurred in the current financial vear. 8. Management and Adminlstration of the Charlty 2023124 Administration expenses Independent Examinats'on of the Accounts Travel costs 9. Prepayments 2023124 Insurance paid in advan Subscription paid in advance 792 792 10. Debtor 2023124 Short term loans There were no debtors within Solent Sea Rescue Organisation in 2022123 or in 2021122. 11. Cash hold by Hampshire County Council Cash is held on deposit at Hampshire County Council. 12. Cr•dltors 2023124 Administration expenses Travel costs Independent Examination of the Accounts Grant to Beach and Sea-Rescue Units 13. Trustses, remuneratlon No trustees received any remuneration or reimbursed expenses in either the current or pre￿dIng year.