(HARITY (OMMISSION Tiustees, Annual Report for the period tJNJFJ Section A Reference ond administration details Charity name other names the chanty is knowTr by Regisred Ihathty number {sf any) Chdilly's ptÉntlpal addrESS )Q rE5 P05tcode Narnes of the (haiily IWUStees who manage the chrily Dales aded if n41 lor whole ome of person (oi body) entitled to aptht tee (if Offfte io 11 12 13 14 16 17 18 19 20 NèmE5 of the truslee5 lof tharity, Èl any (foiexample, èry (U5kndlan Iru5teesl Nathe osarted11 n•tfor1l¢ year
Seclion A Reterence and admin isiration detJi15 Iconlinued) rne5 and addie55es of odvi5ef5 loplional ithrmatton} Type of advi5¢r Mame ol ch1 executive or rwme5 01 senioT siall membeF5 (optional iTrfofflthtéon) Section B 5tiuctuiei governance and fflanagen)ent De5uiplion ol Ihe charity's MUSIS Type ol gernIng documenr (eg twst deed, conslitutloo How the chatny is Constiled (eg tiusi, as50clallLTrn. company} Ttystee 5elertlon method5 (eg aptx)Inted by. eknted by) Additlonal goveiarKe Issues {opllon infoFmation You dM)ose lo Indude adithiional in1mOtn. wheie relevèftl. about: . policies anLI pmce¢ksres adopted lor the Induction and tTrining of trustee5- . ltr¢ clbirity's ganisatIoal stru(tsJie andany whlei neiwoik with %vhlch the ch&iiy WOFk%- ielationship with aThy related parties.. . trstee5. cons[100Fi iisls andthe system aNd wo(eth#es to manage them. It-K e+ S -< bJtw> . .- S¥JgPL( ejt" (kl Maith 2012 TAR
Section C obje(lives and activilie5 Sumntaiy ol the objects ol ihe tlItY Sel oul in its 9DVEn9 thx[bt ¢¥ Jmmary ol the m&n aclivilies undeiiakth lor the public benefri in relalion lo Ihese (&Je(Is lkndude ithiD th15 seclb)n the 5ts1Utoiy edalln thal ITU$e5 have hèd iegard 10 the guldanip tssued by ihe chaiity Cornrni5$1on pvbli< benefil) C$. IdL d-LL fuPA4. -6 Auo 14kLf ceo4Ais•lfiMs. AddltloTral delall s ol obiecllves and adl¥llle5 loptiORal inlorfflation) Sialernefi wtsere leVant aboutr ' pomcy OD granthiakln . lV iel•ed investmenl,. . (on1dbr made ty wleerS. &f&oi lo 4ffwOL4 1 t41¢ orf. CiQrfi ¢1) ALL Cék &- 4LÈ fo USÈ *( Conl L Et4LI . < Section Achievements and performance 5wnrnaTy ol the pmathieMDeNsoI the cknihy dviln9tt v LEGACY C4< LocAI PE¢SoM I ffvfE &FENP tfvffE
Se(tion E Financial review Btlef Statement of the rharty's poliry on re5eT¥ÈS fycL Qeialls of any lund5 rnaterially ift defKit bHL. fuEihei h'naniial review detalls (opt40nal In1[natIon) You may <lMb05e tv in(lutte addllloftal inloffflatioft. where ielevèni, abovi: the chaikty'5 piinripol srJuf(es ol funds (Includig any lunthaisingl- . bow expendiknme has 5UPtMJiied the key obFclives of tlle charlty- . Inve5trpent [M)IV ènd oL¥eitb¥estndudMig any eihical InvestmÉni wjh.cy adopted. 6r 6.,, 4HIS1 us. Arf) Qi LWikT4 Ilk c& SY 14£1114? avÉi4) Lifkn- Section F othei option31 infoimation Section G Oeclaralion The trljstres dedare thai ihey have Ipp¥O the lilee5. iewJi abo¥e Signed on behall ol the chanly's trullees 51gnaturfsJ FVH namels) POSItTr (eg Setfetsry. (tiaw. etc) Oate rAR
DUDDON INSHORE RESCUE
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2023
DUDDON INSHORE RESCUE
BUSINESS INFORMATION
Accountants
Redhead Accountancy Ltd Bank House Griffin Street Broughton-in-Furness Cumbria LA20 6HH
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
20 December 2023
Chartered Accountants
Bank House Griffin Street Broughton-in-Furness Cumbria LA20 6HH
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DUDDON INSHORE RESCUE
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 OCTOBER 2023
| Turnover Special Events Donations Distribution costs Depreciation Administrative expenses Staff training Rates Insurance Light and heat Repairs and maintenance Telephone Motor running expenses Professional costs and subscriptions Accountancy Operating profit Other income Bank interest - receivable Net profit for the year |
£ 5,589 240 80 4,132 1,414 3,697 674 738 823 270 58.89% |
2023 £ 3,353 38,798 42,151 (5,589) (12,068) 24,494 327 24,821 |
£ 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 62 12,284 |
|---|---|---|---|---|
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DUDDON INSHORE RESCUE
BALANCE SHEET
AS AT 31 OCTOBER 2023
| Notes Fixed assets Tangible assets 2 Current assets Cash at bank and in hand Current liabilities Trade creditors Accruals Net current assets Total assets less current liabilities Capital account At 1 November 2022 Profit for the year |
2023 £ 84,179 53 270 323 |
£ 78,258 83,856 162,114 137,293 24,821 162,114 |
2022 £ 53,795 80 270 350 |
£ 83,848 53,445 |
|---|---|---|---|---|
| 137,293 | ||||
| 125,009 12,284 |
||||
| 137,293 |
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 : .........................
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DUDDON INSHORE RESCUE
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2023
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 from donations, fundraising and legacies.
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 2022 & at 31 October 2023 55,903 143,688 Depreciation At 1 November 2022 - 115,744 Charge for the year - 5,589 At 31 October 2023 - 121,333 Net book value At 31 October 2023 55,903 22,355 At 31 October 2022 55,903 27,945 |
Total £ 199,591 |
|---|---|
| 115,744 5,589 |
|
| 121,333 | |
| 78,258 | |
| 83,848 |
- 4 -
DUDDON INSHORE RESCUE - 31 OCTOBER 2023
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
20 December 2023
Chartered Accountants
Bank House Griffin Street Broughton-in-Furness Cumbria LA20 6HH
- 1 -