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2022-10-30-accounts

CHARITY COMMISSION Trustees, Annual Report for the peiiod Section A RefcTence and idministiation delai15 Chailly name oth￿ names the chailty is known ty egiste¥ed dwlty fiufflber (11 any) Chartty'5 prlFtiipal add￿$5 Qrt￿54 P051iode Names of the chaiiiy tluslees who manage the ch8Fity ltsrne ol ptrson (oi body) eDtitled io appolat t¥usteE (If any) T¥￿Ste¢ Name ollke Ilf ary) Dale5 a(ted If l•r 10 12 13 14 15 16 17 18 19 20 Names ol the trustees lof ihe chaiity. if any Ih)i ￿arn￿e. aDy1051odiaK tnjstees) Ilame Oatesa(tsd rfA•t lorivthde ye IAft 1012

Section A Reforeii(L adminislralion details (continued) a￿d addresses off •Jvi5eis {opl￿n￿l n4wmalfvJn) Type of adviser ème Narne of chief Executive (w names ol senioi yalt membe[5 (Jjpllonal Ènloffflation) Section B 51ru(lure, 9overnan(e and mènagemen. Desuiption of the chaFiis trust5 Type ol govuni￿g documeftr (eg Ifust dee¢ constitulton How the chafity ts fort5tttyted (ÈgtrUSL aSSOCtalion. (omparry) Trustee Selection methods (eg apWTrted by, ele(ied by) Additionol 9Dwe¥naBce i5sves {opt6oFal inlomwion You may thoose to i￿lI￿de addltknfta5 inloEmation. wheie iele¥anL about- . wltcles p¥Dceduies aflopted the induction alld tsaining of tfUS1 . (Ip char41y's Olgar￿l￿OISt￿Uclwe and any wtder netwuk with wht(h the chèilly work%- ' ieldwnshlp wlth any relatLYi paities- . tr￿let5, consvjetamn ol Ilsksand the Sysm yrg(ethJte5to man•Je them. 9f. 7 S£4* Qw> efr iy4 WE <•&k Wt4V> . -- OKYL r￿￿T￿gr￿ - so¢er)t( Or" vub TAR Marth 2012

Section C objcctives and activities Summary ol the obie(1s ol Ihe clkiiity set out th its gmning doujme <¥& . Summary of ihe main aclivrties ￿nd￿taken lor the publi( benelil ilt ielation la these obje(ts (t￿1¥￿￿ wiihin thts secllotk the statutory declaRtiofi that trusiees have had ie96fd t¢J the guldattce issup.d by ihe ChaFlty Commission pvbli¢ benefit> 12tr￿7 c￿%￿5. ioL rtkLL fvÈts. -fo lL￿. rtÉLf ceG4Ai54firn¥ . Addltional detèlls ol obiettives and aclTrvilies loptional loloimaliolll You moy ch005e io influde IuFth St￿eMentS. whde relevant. abovl: ' polky on graAtsnakÉng,' . w)liry prDgtAmrne ielated invesMenL ' conttlbutron rn&Je by voluNieer5. oLoHfLdJ Iv & 44LÉ <> uk IkL d rt (￿ar00￿1 L EALI . -f Section D Achievemen15 and perfoitnance SUMm￿Y olthe a(l¥evempntsof tht (haiiiyduTiAg the i+iJ (￿lL¥) bjé 4. -f*t Sf4t& &if- £(kn OUL. L&4L&. 6luA?. L¢J& 6£qcH. 24< <Ipk5rt&LQ . 2012 TAR

Se(lion E Financial review 8riel statement ol the Ch￿Ity'S policy on ieseFves C4£4 IS3, 1(¥é. kn- ESEz%yL4 bLL Iti Quep . Oetails ol any funds materially lft dehclt Fvrthei financlal revlew det&15 loplional inlorfftatlon) Yo¥ may dlowe io Indude addÉlional inloimalion. wheie relevaThi. abo￿1. the charlly'5 piiniipal 5ouiie5 01 funds {Indttdmg any lupdwaising): . how expenditure ha5 supported rhe key objective5 of the chaillv.. ' iohE5tsnent pDtsryand d)ieitl¥Es iftdudir¥J any ethlcal pollcy adopted. I￿É- SèLXCts l. u5. QIVE AJ SY 14£ifi4? i) Lifk . Section F oihei oplionfjl iftfoimation Section G DeclaTation The tiit5tees deCI￿t ihal they haye apwoved ihe tlU5tees' iewt abo¥e Swned on behalf ol the charity's trustees SigoabNe(s> FUH name(s) positi￿ (eg 5ecfetw¥. tha. etc> TAR

DUDDON INSHORE RESCUE

UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2022

DUDDON INSHORE RESCUE

BUSINESS INFORMATION

Accountants

Redhead Accountancy Ltd Market Street Broughton-in-Furness Cumbria LA20 6HP

DUDDON INSHORE RESCUE

CONTENTS

Page
Accountants' report 1
Profit and loss account 2
Balance sheet 3
Notes to the accounts 4

DUDDON INSHORE RESCUE

CHARTERED ACCOUNTANTS' REPORT TO THE PROPRIETOR ON THE UNAUDITED ACCOUNTS OF DUDDON INSHORE RESCUE

In accordance with the engagement letter dated 19 November 2020, we have prepared for your approval the accounts of Duddon Inshore Rescue for the year, set out on pages 2 to 4 from the entity’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to you, in accordance with the terms of our engagement letter dated 19 November 2020. Our work has been undertaken solely to prepare for your approval the accounts of Duddon Inshore Rescue and state those matters that we have agreed to state to you in this report in accordance with the guidance of ICAEW. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than you, for our work or for this report.

You have approved the accounts for the year and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation.

We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the accounts.

Redhead Accountancy Ltd

13 January 2023

Chartered Accountants

Market Street Broughton-in-Furness Cumbria LA20 6HP

DUDDON INSHORE RESCUE

DETAILED TRADING AND PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 OCTOBER 2022

Turnover
Special Events
Donations
Distribution costs
Depreciation
Administrative expenses
Staff training
Rates
Insurance
Light and heat
Repairs and maintenance
Telephone
Motor running expenses
Legal and prof fees - allowable
Accountancy
Sundry expenses - allowable
Other operating income
Government grants received
Operating profit/(loss)
Other income
Bank interest - receivable
Net profit/(loss) for the year		 £
6,417
910
1,146
5,534
1,187
2,912
620
633
1,333
270
-
37.02%		 2022
£
1,296
31,888
33,184
(6,417)
(14,545)
12,222
-
12,222
62
12,284		 £
5,445
1,656
600
4,021
1,491
3,491
668
834
35
318
(2)
13.71%		 2021
£
1,620
8,529
10,149
(5,445)
(13,112)
(8,408)
6,677
(1,731)
340
(1,391)

DUDDON INSHORE RESCUE

BALANCE SHEET

AS AT 31 OCTOBER 2022

Notes
Fixed assets
Tangible assets
2
Current assets
Trade debtors
Cash at bank and in hand
Current liabilities
Trade creditors
Accruals
Net current assets
Total assets less current liabilities
Capital account
At 1 November 2021
Profit/(Loss) for the year		 2022
£
-
53,795
53,795
80
270
350		 £
83,848
53,445
137,293
125,009
12,284
137,293		 2021
£
1
47,644
47,645
-
318
318		 £
77,682
47,327
125,009
126,400
(1,391)
125,009

In accordance with the engagement letter dated 19 November 2020, I approve the accounts set out on pages 2 to 4. I acknowledge my responsibility for the accounts, including the appropriateness of the accounting basis as set out in note 1 to the accounts, and for providing Redhead Accountancy Ltd with all information and explanations necessary for their compilation.

...................................... Mr C McNamee

Date : .........................

DUDDON INSHORE RESCUE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2022

1 Accounting policies

1.1 Accounting convention

The financial information is compiled on an agreed accounting basis that:

1.2 Compliance with accounting standards

The financial information is not intended to achieve full compliance with the provisions of UK Generally Accepted Accounting Principles.

1.3 Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold Zero Plant and machinery 20% reducing balance

2 Tangible fixed assets

Land and
buildings
Freehold
Plant and
machinery
£
£
Cost
At 1 November 2021
55,903
133,806
Additions
-
16,582
Disposals
-
(6,700)
At 31 October 2022
55,903
143,688
Depreciation
At 1 November 2021
-
112,027
On disposals
-
(3,270)
Charge for the year
-
6,986
At 31 October 2022
-
115,743
Net book value
At 31 October 2022
55,903
27,945
At 31 October 2021
55,903
21,779		 Total
£
189,709
16,582
(6,700)
199,591
112,027
(3,270)
6,986
115,743
83,848
77,682

DUDDON INSHORE RESCUE - 31 OCTOBER 2022

CHARTERED ACCOUNTANTS' REPORT TO THE PROPRIETOR ON THE ACCOUNTS OF DUDDON INSHORE RESCUE

In accordance with the engagement letter dated 19 November 2020, we have prepared for your approval the accounts of Duddon Inshore Rescue for the year, set out on pages 2 to 4 from the entity’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to you, in accordance with the terms of our engagement letter dated 19 November 2020. Our work has been undertaken solely to prepare for your approval the accounts of Duddon Inshore Rescue and state those matters that we have agreed to state to you in this report in accordance with the guidance of ICAEW. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than you, for our work or for this report.

You have approved the accounts for the year and have acknowledged your responsibility for them, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for their compilation.

We have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the accounts.

Redhead Accountancy Ltd

13 January 2023

Chartered Accountants

Market Street Broughton-in-Furness Cumbria LA20 6HP