(HARITY (OMMISSION Tiustees, Annual Report for the period tJNJFJ Section A Reference ond administration details Charity name other names the chanty is knowTr by Regis*red Ihathty number {sf any) Chdilly's ptÉntlpal addrESS )Q r*E5 P05tcode Narnes of the (haiily IWUStees who manage the chrily Dales aded if n41 lor whole ome of person (oi body) entitled to ap￿tht 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 o*sarted11 n•tfor*1￿l¢ year Seclion A Reterence and admin isiration detJi15 Iconlinued) rne5 and addie55es of odvi5ef5 loplional ithrmatton} Type of advi5¢r Mame ol ch*1 executive or rwme5 01 senioT siall membeF5 (optional iTrfofflthtéon) Section B 5tiuctuiei governance and fflanagen)ent De5uiplion ol Ihe charity's MUSIS Type ol g￿ernIng documenr (eg twst deed, conslitutloo How the chatny is Constil￿ed (eg tiusi, as50clallLTrn. company} Ttystee 5elertlon method5 (eg aptx)Inted by. eknted by) Additlonal govei*arKe Issues {opllon* infoFmation You dM)ose lo Indude adithiional in1￿mOt￿n. wheie relevèftl. about: . policies anLI pmce¢ksres adopted lor the Induction and tTrining of trustee5- . ltr¢ clbirity's ￿ganisatIo￿al stru(tsJie andany whlei neiwoik with %vhlch the ch&iiy WOFk%- ielationship with aThy related parties.. . tr￿stee5. cons￿[￿10￿0Fi￿ 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 t￿lItY Sel oul in its 9DVE￿n9 thx[b￿t ¢¥ Jmmary ol the m&n aclivilies undeiiakth lor the public benefri in relalion lo Ihese (&Je(Is lkndude *ithiD th15 seclb)n the 5ts1Utoiy ￿ed￿all￿n 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 . ￿l￿V iel•ed investmenl,. . (on1db￿r made ty w￿￿leerS. &f&oi lo 4ffwOL4 1 t41¢￿ orf. CiQrfi ¢1) ALL Cék &- 4*LÈ fo USÈ *( Con￿￿l￿ L Et4LI . < Section Achievements and performance 5wnrnaTy ol the pmathieMDeNsoI the cknihy dviln9tt￿ v LEGACY C4< LocAI PE¢SoM I ffvf￿E &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 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| |---|---|---|---|---| - 2 - ## **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 : ......................... - 3 - ## **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 -