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 chaFii*s 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 {opt6oF*al 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 Sys*m 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< 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 - 1 - ## **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)| |---|---|---|---|---| - 2 - ## **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 : ......................... - 3 - ## **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: - enables profits to be calculated such as to meet the requirements of Section 25 of the Income Tax (Trading and Other Income) Act 2005; and - provides sufficient and relevant information to enable the completion of a tax return. ## **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| |---|---| - 4 - ## **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 - 1 -