Charity number: NIC106685 Company number: N1640535 (Northern Ireland) FOYLE SEARCH AND RESCUE (A company limited by guarantee) Executive Committees, report and financial statements for the year ended .11 March 2025
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Contents Page Legal and administrative information Executive Committees, report 3-14 Tndependenl examiners, report 15 Sialement of financial activitie5 16 Balance sheel 17-18 Notes to the ftnancial siaiemenis 19-26
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Legal and administrative information Charity nutllber NIC106685 Company registration number N1640535 Buslness address 20 Victoria Road Waterside Dery BT47 2AB Registered office 20 Victoria Road Dery BT47 2AB Trustees Icompany Directors Stephen Twells Kristina McDaid Connac O'Hare Steven Durreni Caolan Campbell chairnn Coordinator Liaison Treasurer Appotnted 1110912024 Vtce Chaio)erson TTUSt¢clnot dircctor Co-ordinators Mark Buckley Seamus Mc Closkey Neal Cooke Gerard O'Kane Ryan Murphy Paul Lynch (Danielle Francis) Shore Co-ordinator Boat Co-ordinator Pager Co- Ordinator Swiftwater Co-ordinator Drone Co-ordinator Sonar Co-ordinator Deputies Rohan Chada Gavin McGurk Daryl Harrigan Shore Boat Swiftwater Accountants Paul Green Accountancy and Taxation Limited FO Box 167, Unil IB Ground Floor, The Glassworks,Skeoge Business Park, I l Beraghmore Road, Dery BT48 8SE Page I
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Legal and administrative information Bankers Danske Bank POBOX 183 Donegall Square Wesl Belfast BTI 6JS Solicitors Hasson and Company 39-41 Clarendon Street Derry BT48 7ER Page 2
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. The trusiees, who are also direclors of FOYLE SEARCH AND RESCUE for the purposes of conipany law and who served duruig the year and up lo the date of this report are set out on page 1 2 .This report constituies the Directors, Report required under the Companies Act 2006. The Directors have adopted the provisions of the Companies Acl 2006 and Accouniing and Reponing by Charities.. Statement of Recommended Practice applicable to charities preparing their account8 in accordance with the Financial Reporting Standard applicable iii the UK and Republic ot Ireland (FRS102) effective I January 2015 -(Chartlie5 SORP(FRS102)) ,in preparing the annual report and tinancial 5talemenls of the company. Governing Dociiment Foylc SLarch and RL%cue 18 a private company limited by guarant¢e without a share capital . Foyl¢ Serach and Rescue con]menced operating as a company lirniled by guarantee without a share capilal from O l April 2017.The company was established under a memorandum of A.4sociation which e8iabli8hed ihe objecls and power5 of the chariiable company and is governed under il Articles of Associalion The company was incorpordled on 31 Augu512016. Reserves Policy The work of Foyle Search and Rescue can mean the difference between life and death. The Manag¥ement ComTnitlee will do ilb utmosl lo ensure the conttnued provision of this vital service and during the reporting period decided the Charity should have 4ufficieni g7eneTal reserve% of 2 years lurnover or £250,000. whichever is the greater. These General Reserves will be used for unforeseen events and to respond to emerging and changing needs, These reserves wtll also provide cover for: Project failure Creditors and ruiiniiig costs Salary conlingent Cor long lenn sick-leave or maternity leave Refurbi4hmenl cc)sts Rlsk and Un¢ertAiiIty The Financial Control and Procedures Manual identified a number of potential financial risk% and how the Charity will miligate against thern. Namely, - Reduced Income - Overspend Fraud Procurement of Goods and Services Repulalional Tlieft These have been rated as "IA)W' given Ihe mitigating measures in place. Inijeslmenls The Charity did not hold any or undertake any financial investments during the reporting period . The Charity did have cash on deposit on current account4 and did receive %ome inleresl on Ihis. ML>ih(Jds adopledfor ihe appoinlmenl and recruitmenl oj'p7ew Éru.siee.¥ The commillee of Foyle Seracli and Rescue are Cliarity trustees for Ilie purpose of charity law .People can make an applicaiion 10 the commiltee 10 become a member. Every applica(ion for adniission shall be considered by the commillee at their first meeting after it was made, OT as soon thereafier as is practical. There shall be iio discrimination between persona by reference to polities, religion, race, sex, age, physical or mental disability. PAge 3
FOYLE SEARCH AND RESCUE (A compally limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 Objectives and activities CILIRITABLE OBJECTIVES The Preservalion of life in and around the Rtver Foyle. Death by drowning is Minised. People in crisis are signposted immediately to appropriate service,s.' Body recoveries of missitig people who have entered the River; Other agencies are supported to ensure that lifesaving equipment is well mainlain¢d; Public awar¢n¢ss of water safety around the river is improved through delivery of educational programmes and the issues of suicide and attempted suicides are highlighted to the appropriate slarntory bodies. Our staiisiics identify how th¢ benefits have been demonstrated. There is no hann arising from any of the purposes. We are a unique Charity in what we do and we are not r¢stri¢ted to helping one group of people - we help everyone who needs us regardless of age, gender, religion, race or background. There are no private bellefils flowing frorn any of the purposes. CHAIRMAN'S REPOR T (Siephen Twells) This year marks 31 years since the fonnalion of our charity.. wbich speaks volumes about the dedication, passion, and unwavering commktment of everyone involved in our mission-the preservation of life in and around the River Foyle. Since 1993, FSR volunteers have stopped 6291 people who weTe in danger of. or considered taking their own life, in the river. Over this past year, ending tn March 2025, 17 rescues were carried out, while 209 people were stopped from entering the river, and tragicalfiy, we had the sad iask of recovering 2 people who lost their lives in the river.The work that our volunteers Carry oul is never done in isolation. We could not deliver our services, or have the impact we do, withoui the help of the city centre CCTV team, Cominunity Safely Wardens, PSNI, NIAS and NIFRS, who all provide vital .support to us. We are continually grateful to Derry City & Straban¢ District Council. the Public Health Agency and the Western Health & Social Care Trust for their coiitinued funding, yet still, over 80% of all our annual income comes from public donation5. We know there are Inany worthy cause5 in our city, deserving of peoples, appreciation, and fmancial suppori. To be there, when we are needed most, is Ihe least we can do lo repay thai kindness and generosity. Financially, the last 12 months have been very challenging for We expected to see a decline in income due to the ongoing wider economic climate we all fmd ourselves in, and sadly.. income in the fonn of donations has declined substantially, which you will fmd more dethil of within the Treasurer's Report. We carried out a cost Saving exercise to release some savings where we could, disposing of unnecessary fleet andlor assets to Teduce rLuming costs. We looked al how we could gel belter return on monies held in our aLcounis from better interest rates, transforniing how we bank, which is proving beneficial, and Something we will continue to develop. given the financial challenges we face. We continued with our digital Iransforn]ation prograll]me, embedding ow NFC reporting system into our operations, led by our Digital Lead Rossa Smallman, makg for a smoother overall management ofour assets and maintenance. Having welcomed several batche.s of new volunteers to boost our numbers, we also introduced a new style of unifomi as well as completing our rollout of 5tandardised vehicle livery. Longi _terni investment was made ryth the purchase of a drydock qyqtem at our base in Prehen, a new operational vehi¢le and che Compleiion of our mulii-purpose Command Vehicle. We faced qome operational ¢hallenge.s for inosi of the yeaT, with major issues relating io one of our boats, Spirit of Joh meanin¥ thai li had to be completely stripped and rebuilt, which unforrunately has takeii much longer than bodi anticipated and planned, but we expect a success1 resolution before the summer of 2025.However, we are taking the opportunity to remodel the boat lo make it more multl-purpose for more of our disciplines. Page 4
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 CHAIRhN's REPOR T(Continued) We passed our 3rd re-evaluation of our coveted Investing in Volunteers accredilaiion with flying colours, which recognises good practice within volunteer management.. a lesthmeni 10 our board, management and operational co-ordinators. We coniinue to raise the profjle of The Lighthouse Project which is offering 8Rgnposting help. hope and advice to those who need it. We were honoured co be re¢ognised by our peers in Ihe emergency serviceq with the accolade of Voluntary Rescue Service of the Year, at ihe first ever NI Blue Lighis Awards al the Culloden Hotel and look fonvard to gotng forniard to the grand final in the UK-wide event. Sadly, late in th¢ year, we lost one of our OMI to suicide. Paddy Bowen was a popular. well liked volunleer, with an infectious laugh thai could be heard all around the base, as well as keeping many of us awake during long duty nights. He will be honoured throu&?h the naming of a new vessel in his meinory in late Spring: The Bowen" a name chosen by our volunteers. As always, we look forward positively to 202512026 in FSR. We will take delivery of our new sturdy vessel in Paddys name. as well as brtnging our twin engine "Spirit of John" vessel back into operation. The biggesi challenge we may face Il)i5 year will be wilh the iniroduclion of an operalional model being introduced by the Police that changpes the way the emeruency service4 re%pond 10 calls iiivolviiig concerns aboul mental health. Ii is in the proce%s of bein&F rolled out a¢ro%s the UK as part of ongoiDgT work between police, health providers and Government. It ].% aimed at making sure the right agency dea15 With the health related calls. instead of the police being the defauli fir%1 respoi)der. It does not stop the police Lontinuing to perforni their key role of keeping people safe and where there is a real and immediaie risk to lif¢ or serious harni. W¢ are wailing lo be included in any consuliation% %0 that we can be sure we continue to deliver the besl response thai we can to any giv¢n situation while on patrol, or call out, while al the same time, having suitable support from the statutory emer8eiicy services. We will drive operational improvement% where needed, reduce ¢o%t% where we can, secure suitable ndIng that may become available. aiid recruit niore volunteers to boo.st our numbers lo eiisure we can deliver our commiimenl lo the ¢omniunily. by haviiig patro15 oul eacli weekend. backed up by a robusi 2417 emergency respon%e leam. We will Continue lo re-invigorate our maiiageinent comtnitlee wtth new members so that they can steer the future of F5R in the right direction, FSR volunieer% have been providing support and encouragement lo thousands of people since 1993, giving hope, strength and courage to a straiiger lo face aiiother day. We are not just aboul searching for, and rescuing peopl¢. we are aboui compassion, empathy, and the unwavering belief that every life is worth 58ving. It's about being there in the darke%t hour.4, ofTering .4olace and support to those who have loql ilieir way. Since our forniation, the River Foyle has flowed, and the tides have turned, but our resolve lo save lives has Temained onstant throughout any obsthcles and cliallenges we faced. On¢e again, I wani to express Iny deepest gratitude to our volunteer5, staff, supporl¢TS, partners, funders, pasi and present as well as the entire community. Togeiher, we have all made Foyle SearLh and Rescue what il i.s today - a bLa¢on of hope, a symbol of compassion, and a lifeline for tho.4e in need. TobFeth¢r we have saved live5. Togeiher we have made a difference. We are only the custodiaiiq for the nexi generation. As we look ahead 10 the future, we will continue to work logether, to innovate and to grow, so tliat we Inay save eveii rnore lives in the years lo come. Our city of our.s, and is sornething we can all be very proud of.charity and all of our supporters are a shining example of eVerling that is wonderful aboul thi5 great city of ours.and is something we can all be very proud of. Page 5
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 SONAR TEAM (Paul Lynch) Our Sonar team continue> to carry out crucial underwat¢r s¢arch operations using specialist equipment when som¢on¢ goes under the surface and does not resurface. The Sonar team now consists of 6 volunteers, each of whom dedicates %ignifi¢ant time to both search operaiions and ongoing training throughout the year. 2024 Highlights 2024 wab a year of groM¢h, innovation, and ongoing commitment for the Sonar team. We conducled several training exerciqe% (using a dive dummy and occastonally a diver - thank5 Aodhan McDaid!). The team also aiiended two Irainingi session led by Norbil (the Sonar equipilleni vendor), helping lo up%kill the Lapabililies within the team. We also perfornied some evaluations on the existing equipmcni in collaboration with Norbit (the equiprnent vendor). It was deiern]ined Ihal FSR would benefit from an upbyrade lo the existin&J unil, which Norbit have agreed lo do ai no cost. Unfortunately we 1051 our primary .search vessel, as the Spirit of James had lo be retired. For thc majority of 2024 we operated off the smaller Steady vessel, which posed some challenges (particularly when il rained!). Wc louk forward to the loiig-awailed return of the Spirii of John in (hc comingi monihèa, which i.s being refitted to better support Sonar operations. This will significantly improve our seawh ¢ifiiiL'n¢y. our re8pon%c time and will provide betier proieciion from the elemenis for our equipmcnl, We also continue lo collaborale and share informalion with other Sonar I Search and Rescue experts, including Wal¢rford SAR, Foyle Port (Clris Mcmenamin) and other%. 2024 Operation 2024 was unfortunately a busy year in ternis of Sonar 5earohes. We ¢ondu¢ied 32major multi- day searches in this reporting period. The First major search was in Jun¢ around the Foyle Bridge. The Sonar team conducted a tolal of 9 searches over a 12-day period. The second major search was in Sepiember near the Foyle Bridg?e, with the Sonar team condu¢ting 12 searches in 15 days. During all searches, there was excelleni collaboralion between the Sonar team, the Police Search Advisor (POLSA). and the Search and Rescue Dog Association {SARDA). Team and Thanks We are gralefijl to our dedicated team: Paul, Anihony, Aodhan, Don, Frances, Gareth, ma and Seamus. The Sonar team's commitment, technical skill, and adaplabilily are the backbone of our operations. Every deployment, Iraining se8sion, and new development 15 made possible by the time and energy these volunteers invest. We are Proud of the professionalism and capability that the team brings to every mission Pxge 6
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 S7FT WA TER/TECHNICAL RESCUE TEAM Gerard O'Kane) Over the pasl 12 months the Tecl]ni¢al Rescue Team ha5 5eeJi the l¢am b¢ing rebranded from the previou8 Swryfiwater" ieam and has made great strides in fijrther developing our operaiional capabililies through our CPD training prograrnme which serves to continually maintain and upskill our volunteers abililies lo respond lo difficult and technical rescues in and around the river Foyle and further afield. We currenily have 7 Swiftwater Rescue Technicians and 3 Flood First Responders with other team members awaiting on renewal of their Flood Firsl Responder certifications. Over the past 12 nionths ihe ream has assisted our Emergency Response Team on numerous pager activations and conducted water safety Cover at the annual 14ard As Oak event. The team will also be providing water safely cover alongside our shore and boat crews at this year's event and are eagerly looking fonvard to &ssistinbY all those participating at the event. I would like to take thi% opportunity lo thank all the volunteers in the team who selflessly give up their tim¢ to help develop, grow and iiiaintain our team and to all the staff, Co-ordinator's and Commillee members who continue 10 a.8siSt, help and support our team al every opportuniiy. none of li would be possible lthOU1 all of your efforts, thank you. SHORE TEAM { Mark BuL'klcy) Recruitment Over th¢ pasl year, the Shore team ha.% played a central role in supporting Foyle Search and Rescue (FSR)'s rerruitm¢nt effort.4. Reco&Fni4ing the growing need to bolster our voluiiteer numbers, we coordinated and delivered three recruitmenl drive% during this reporting period. strategically sclieduled around our shore training syllabus. Recruitment iniakes occurred in.. i) August 2024 9 successful recruits ii) November 2024 - 1 l .%ucce%%ful recruits iii) March 2025 - 17 successful recruit4 In total, 37 new volunteers were traiiied and integrated into FSR within an eight-month period. Each intake followed a St¢tured process.. Prospective volunteers attended an open nighi, submiii¢d an applicalion, and ¢omplctcd a fornial interview. Successful candidates then progyressed lo a comprehensive recruit trdining, programme. which included-. First Aid (Qualified certiticaiion) Communicalions training Client approa¢h Equipnient familiarisalion and training (includlng Ihernial imaging) Throwline deployment FSR Standard Operating Procedures (SOPS) Scenario-b&sed training - led by the Shore team with suppon from .%hore team leaders and boat Crews "You See What I See" per%peciive training offering recrnits insiglii inio the operational view of our boat leams The reporting period was intensive, requiring significani coordii)aiion and effon. Flowever, the outcome is a stronger, more capable volunteer base thal enhances our operational readiness and Lommunity support capacily. Page 7
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 Training Overview 2024 saw a strong focus on meeting recruithient goals and ensuring all volunteers completed required shore training, which includes.. Online modules.. JESSIP, FSR SOPS: aDd Manual HandlTrng Practical sessioTL%: Equipment handling and scenario-b&sed trdining Focused development= Addressing key skill gaps Team Leaders played a crucial rol¢ in delivering training and were provided with tailored sessions to support new and exibting volunteers. All volunteer5 took part in throwline training, led by the Teclmical Rescue TeatD {TRT), ensuring consisient and safe deployment across the service. TRT also delivered a 10-session water Tescue trailer COUTse. and volunteers received water-based first aid training. Scenario exercises challenged teams to manage complex incidents, apply communication protocols, and respond to medical and rescue situalions-ensuring readiness for real-life emergencies. I would like to take this oppottsnity to thank all ibe volunteers for their professionalism demonstrated throughout the year. They have proved again that what they do malters and makes a difference every week. Thank you to the staff and co-ordinators for their support throughout the past year. Finally, thank you to our deputy Shore Coordinator who I worked alongside over the past year. Their input ld support over the pasl year was a huge part in the succe&s of Shore within the last reporting period. BOAT TEAM ( Seamus Mccloskey) The Boat Team continued to play a vital role in our operniions throughout 2024, responding to incidents with profe4sionalism and Skill. This year, a Strong emphL%i% w&$ placed on ongoing training lo maintain high standards in water safety. rescue *¢hniques, and teamwork. We extend a sincere thank you to the Training Team for their dedication and expertise in supporting our Boat Crew. From scenario-based exercises lo joint sessions with the Technical Rescue Team, their commitsnerAI has ensured our crews remain confident, capable, and rescue-ready ai all times. Training In 2024. we continued to deliver high-quality, mandatory training to ensure operational readiiiess across all teams. 6 volunteers successfully completed theiT Coxswain assessments 3 volunteers undertook PWC (Personal Watercraft) training Members also tested a rescue sled foi potential futUTe deployment in water rescues Thank you to our dedicated Training Team for supporting the development and safety of all our volunteers through hands-on instrnrtion and ongoing assessment. Page 8
FOYLE SEARCH AND RESCUE
(A company limited by guarantee)
Report of the trustees (incorporating the directors, report)
for the year ended 31 March 2025
BOA T TEAM (Conrinued)
Operational Challen&F¢s
This year, we faced significanl issues with the Spirit of Jolm vessel, which is still out of service. This impacted some
areas of volunteer development, as the chairty had to prioritise proieciing the AOD boat from potential damage during
increased use.
Despite these seibacks, the commitmenl of our volunteers and support from the Training Team ensured thai essential
training and operations coniinued safely and effectively.
Leader.ship Changes
In Februk)ry, W¢ Saw the re%ibvnalion of both the Boat Co-ordinator and Depuly Co- ordinalor. We would like to express
our sincere thanks to them for their time. dedication, and Contribution lo the charity during their servic¢.
Following their departure, a review of the role5 wa8 carried out. and key responsibilities have since bccn laken on by the
Facilitie&* Manager and Chariiy ManabFer. We are grateful lo boih for sleppinby up lo ensure Lontinuily and support for the
Boat Team during this period of transition.
UA V TEAM (Rvan Muipliy)
Over the pa%1 twelve months, the UAV Icam has continued lo operate as an integral parl of FSR'S operational and
emergency response, delivering con5islenl and reliable acrial %upport a¢ro%s a wide rang¢ of in¢idenis. Drones have been
deployed regularly in support of both duty nights and emergency callouts, assi41ing with live Sl search and rescue
operations, wide-area .search sweeps, and largeied searches for high-risk niissing persons. The UA V lean) has provided
valuable assistance a¢ros5 %cveral major ta%kinbF% Ihi% ye(Ir, inLludin¥ sus(
FOYLE SEARCH AND RESCUE {A company limited by guarantee) Report of tbe trustees (incorporating the directors, report) for the year ended 31 March 2025 VOI.UNTEER MANAGER UPDA TE( Dawn Grieije) As Volunteer Manager, I continue to review and update our policies and procedures to ensure they besi support both our volunteers and the wider mission of the charity. A key achievem¢nt this year was Successfully completing the Invesling in Volunteers accreditation with Volunteer Now-a milestone we're incredibly proud of. This re¢ognilion confmns that we are following best practices to deliver the highest possible standard of volunteer experience. Volunteer Numbers We currenily hav¢ 98 volunteers on our books, with 87 actively engaged operationally. This is a significanl increase from 66 active volunteer.s at this time last year. Of our team, 7 support ndraIsIng efforts, and 3 are non-operalional volunteers who contribute by deliveriIig educational talks. I wani io exieiid my heartfeli thank% to each and every volunteer for your dedication and Commitment. In a lime wheii it's increa%ingly difficult for organisations to attract long-lem) volunteer5, we are forninate to have such a passionate and united team working toward a common goal.. the prevention of life in and around the River Foyle and beyond. Re¢rui¢ment & Uniforn]s Over the p&st year, we've Lompletely Tevamped OUT recruitmenl and .%eleclion process. These improvements, trialled and retined over the past three intakes, arc helpingi u4 bring in the rig?ht people for the roles. Our next recruitment drive will launch in mid-AuLyust and will help rther %lrengthen coverage across all duty nighLs. This year also marked the rollout of our new unifornl. We've moved away frorn having separate fornlal and casual oplions-now all Foyle Search activities are covered under one >t[earnI1ned unifonn. Healtli & Wellbeing Volunieer wellbeing remains a top priority for me. Through our health and wellbeing programme, l aim lo offer a variety of events and aLtivilies throughout the year-from social evenings and outdoor challenge.s to relaxing facials and .shared meal% al the basc. l encourage everyone to take pari-lhis base is your space to enjoy and unwind, Given the nature of tlie work we do. il's vital lo higihligihi the coun%ellingy service available Ihrougih RaLhel MLMonaLyle Counselling. Many volunteers find peer conversations helpful, but sometimes speaking to soineonc outside the organisation can make all the difference. This service is Coiifideniial and available to support you through any life chall¢nges-nol jusl those related lo Foyle Search actlVAlies.In October, we Antroduced a 4-week in-house filness prograinme focused on yoga, breaihinb, ana 4tretchin&'. It was fantastic lo see volunteers takn'ng lime to relax and deconipress. Another fitness series planned for this year. We also hosted a health and wellbeing day offering, beauty treatment% and hoi meal% for both male and female volunteers. The men's session included health checks, and due to the positive impact, we plan to expand health checks to include female volunteer5 at future events. This tnitiative wtll now be held annually. Celebrations & Social December brougiht a visit from the big man in red-santh! He broughl lots of laugh5, sweets, and smiles, with eniertaintheni provided by In Your Space and a deliciouq hot nieal for the kids. Our Chriqtmas party, held in January at The Embankment, was another highlight. With Music from Jordan O'Keefe and Gary McMu51C, It was a night of great food, drinks, and celebration. Other popular event.s throughout the year included self-defence training, a candle-makLng workshop, and a pottery painting evening-all well received by those who atlended. Thank you to everyone who took the lime lo provide feedback through our wellbeing survey. Your input has direcily shaped this year's calendar of events. l encourage even more ot. you to gei involved-thege activitieq are not only fanlaslic for te&n building but also great n. There's plenty more in 51oTe for 202512026-51ay lunedl Page 10
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Report of the trustees (incorporatlng the directors, report) for the year ended 31 March 2025 INCIDENT OVER VIEW During the 202412025 financial year, Foyle Search and Rescue attended a total of 228 incidenis, broken dowi as rollow.s: 125 altcndcd by our Duty Night Team. 94 responded to by our Emergency Response Pager Team8 From these incidents: 17 individuals were rescued from the river alive 105 di.slressed individual% were successfully brought back from the railings and bridges surrounding the river 104 people were ideniified a% cau4e4 for concern 2 malc individuals wcrc rccovcrcd following search operations and returned lo their loved ones These staiisiics are a key indicator of Il)e effectivei)ess and in)portance of our Itfe- preservation service.s. While we directly assisted 226 individuals Ihrough our crisis iiiierveniion efforts, the true reacli of our support is far greater. Financial revicw GL'nL'iiil (Coi-niuL' O'Hare) In aniicipalion of rising challenges lo secure statutory funding and iT]creasing operating co%ts, the initial plan for 2024-25, was a more con5ervalive inveKlm¢nt plan, after the previous year marked the thirtieth anniversary of the chariigg forniation and wilne%sed the larbyest evLr inve.slmenl in the Charity. Early in tlie reporting period, major iechni¢al i%sue% were idenltfied wilh one of OUT high speed response boat8. This coupled wilh an unexpecied fall in public donations, prompted an even more aggressive approach of focusingJ on operaling es4entia15 and putshing back (he Phase Il expansion of our Prehen Base. Inconie Income froni April 2024 10 March 2025 Wd% £284k, 33°/¢ down oil last yeaT, 35U/o doml on 2022-23 and 460/0 down on 2019-2020 Ilie year leading up to the COVID Pandemic. li was a challcnginu year in ierms of income. Our traditional income .streams of collection boxes, flag days and support from Stalulory agencies, remained, bui we wiinessed a reduction acro%% all other streams compared to previous year%. National Lotlery fundin¥ wa.s secured late in Ihe reporttng period lo support the provision of a new boat. ExpL'ndilurcJ/lni L'slmenl (Financial Rei)iew Confinued) Our inilial spending budget was just over £480k. As a result ot the unexpected .structurdl isques with our f&st response boat and the reduction in monihly incorne the budget was re-assessed, e1< rly in the reporting period, with tlie actual year end spend coming in 81 £296k(before deprec and fixed assei addiiions)) in the period, 380/0 below Ihe original budget. The majority of the expenditure was, on nornial operating costs as well as plamied spending on new recruits, new defibrillators, completion of dry docks and hardware and software digital upgrades.ln May 2024, significani s¢fuciural is%ues were idenlified with die spirit of John, one of our two rapid response boais.In addilion, after the retirement of two previous obsolete FSR boats, a need was idenlified for a boai with a cab, lo support in particular Sonar operations and resulted in an unplanned spend in exce%5 of £40k. with a further %pcnd of £40k required in the new finanLial period to omplete the required upgTade,s. To balance this unplunned expense the Phase 11 exiension of our bas¢ infrastruc¢ure was put on hold. Great credit again ni%1 be given to all those involved in the charity ,to relenilessly challenge all expenditures for ju%iification and assurance that they are aligned with day-to-day operdtions and driving the charity forward. Page 11
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 Flnancial Status 2024-25 Our y¢ar end reserve accounl is £934k, which includes ~£402k invested in the Flagstone platforn]. This represents a 6.101. decrease based on the period ending 31 sl March 2024. Reiyiew offundi'uijing and Educalion (Chrislina Mc Keegan) 2024: Wliat an Aciion-Packcd Yearl As we retlect on 2024, wc want lo bebyin by exiending a massive thank you lo all the local businesses who chose us as their Charity Partner of the Year,Thes¢ partnership5 nol only raise vital fund4 through lirele8% dedicalton and creativity, but they also significantly increase awareness of boih our services aiid other essential local resources. A special 4houl-ouI goes to our incredible volunleers-your commitmeiit 10 our interndl event4, b()th annual and monthly, has been outstanding,. Rain, hail, snow, and on the rare occasion. sunshine, our Box Run Volunteer% were out each nionth like clockwork, collecting across local .4hop%. 'I'hank% io your efforts, Ihe box runs rais¢d an incredible £32,000. Our Winter and Sun)mer Flag Days, held in the heart of the city. werc another highlighl. With your help, we rais¢d an additional £8,500-funds thai go directly toward vital tratninbF, equipmenl, and PPE for our volunteer lean]s. These evenls continue to be supponed by the amazing people of our city, and we arL' gyrdieful for every conlribuiion. We also want to thank the dcdiLaied ieam of volunteers who come in every Inonth to count tl)e coin4 collected through box rnns, flag days, and bucket appeals. Your behind-the-scenes work iq essential and truly apprL'ciated-it kecp% our internal fundraisers runningy smoothly and efficienily. As in previous years: Ilie support we received from schools and higher education inslituiions phenomenal. Your ongyoing involvement plays a vital role in Ihe preveniion throuLyh educatinn aspect of our work. In 202412025, we proudly.. Delivered 24 educic lioiial talks to school4. workpla¢e8. and communkly groups ParliLipalcd in 6 waier safety workshop days a.4 part ot. (he YES Pr()jeci, ri<iching over 900 primary school children Reached an estimated 4,000+ individuals Ihrougl) our educational outreach Our success is measured by (he niimber of sessions delivered and tlie audiences we reach. Thi% programme rai8es awareness of suicide prevention, promotes safe water use, and equtps people ot. all ages with lif¢-saving knowledge. Lookin¥ ahead lo 202512026, we are placing a strong focu.s on: Expanding our educational outreach Growing our educalion volunteer team to meet increasing demand To the many local businesses who supported us throughout the year-your involvement ha.s been nothing short of amazing. We are constantly humbled by Ihe coniinued support from th¢ same OTgani%ations and individual,s year after year. Being chosen as your charity partner 1% a true honour, and the impaci you help us make is remarkable.we look forward io 4trengthening these relationsliips in the years ahead. Finally, we must highlight the iu¢¢es% of The Lighi House Proje¢i-a collaboration between Foyle Search and Rescue and Danny Quigley. This initiative has introduced a Lenlral database of support services throughout ihe city and distriLI. With NFC-enabled yellow slickers placed across localion%-from ihe quay to bars, restaurants. pubs, and community ¢entres-it has already reiiched 16,000 users. We're excited lo expand this proJe¢l rther in 20251?026. To everyone who helped ratse funds, rai,se awarene%s, and %uppurt our charity-thank you. And lo our volunteers, siaff, and iheir familie% aJ)d friends.. we could not do this without you. Your timc, energy. and dedication are what allow us lo meei our core mission. The PTe%crvation of Life in and Around the River Foyle." Here's lo another ycar of lifc-savtng work-togeiher. Page 12
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 Acknowledgemenls 2025 Volunteers & Staff General Public - North & South of the Border Public Health Agency Derry City & Strabtme District Council Department of Justice Gilliland Family Emergency Services NISAR Rescue OrganisatioThs City Cenlre Iniliative Inner City Ttusl Western Health and Social Care 'frust Four Star Pizza Dominos Paolos Pizza Bogside & Brandywell Health Forum Diamond Comigated The Rank Foundation Print Chameleon CCTV RYA Plans for future periods 2025 -26 OUTLOOK The cliallenge for the new year will b¢ lo ¥oniinuL' lo se¢ure slalulory and oilier agencie5' funding while coniinuiiig lo explore ways io inainlain and enhance 4upport from tlic public and other.source,% ol. income. Statement of trustee$, responsibilitles The Iruslees (who are alqo directors of FOYLF. SEARCH AND RESCUE for the purpose of company law) are responsible for preparing tlie Trnstees, Annual Report and the financial slatemeni% in accordance with applicable law and regulation. Company law requires the trusteeq lo prepare financial statemcn14 for each financial ycar which gyive a true and fair view of the .slale of affairs of Ilie cl)ariiable company aiid of rhe in¢oniing resources and application of resources, includingy the income and expenditure, of the charitable company lor Ihai period. Ln preparing these financial stalemenls, the Iruslees are required to.. select suitable a¢counling policie5 and then apply them consi5tenlly' ob%erv¢ the methods and prinLiple% in Ihe Charities SORP preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in thc UK and KepubliL of Ireldnd (FRS102)' make judgemenis and estimates that are reasonable and prudent. state whether applicable UK Accouiiting Sthndards have been tollowed,compri%ing FRS102 subject to any material departures disclosed ai)d explained in the financial statemenls- and prepare the finai)cial statements on rhe £ollig concern basis unless it is inappropriate to presume that the charitable ¢ompany ,111 conttnue in operation. The Iruslees are responsible for keepiiig proper accounling records whicli disclose with reasonable accuracy ai any time the financial position of the charitable company and which enable them to ensure that the fmancial stalemenis comply with the Companie% Act 2006. They are also responsible for safeguardillg the asseis of tli¢ ¢hariiable company and h¢n¢e for taking rea%onable steps lor die preveniion and deiection of fraud and other irregulariries. Page 13
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31 March 2025 Small company provisions This report has been prepared in ac¢ordan¢e Thiih the special provisions for small companie5 under Part 15 of the Companies Act 2006. On behalf of the board Siephen Twells Dlrector Connac O'Hare Treasurer eo Fks 29 Augiust 2025 -,JJ Page 14
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Independent examiner's report to the trustees on the unaudited financial statenients of FOYLE SEARCH AND RESCUE. I report on the accounts of FOYLE SEARCH AND RESCUE for the year ended 31 March 2025 set out on pages 3 10 26. Respective responsibilltles of trustees and independent examiner Th¢ charity's irusiees (who are also the direciors of the company for purpose5 of oompany law) are responsible for the preparation of the accounis in ac¢ordance with the requir¢ments of the Companies Act 2006. Having satisfied myself thal the charity 15 not subjecl to audit under company law and is eligible for independent examination. Ii is my responsibility lo -examine the accounLs under 65 of the Charilies Acl -follow ihe procedures laid down in th¢ general direction5 given by the Charity Commission for Northern Ireland under section 65{9)(b) of Ihe charities act -state whether particular matters have come to my attention. Basis of independent examiner's statement My examination includes a review of the accounting Tecordq kept by the charity and a comparisoIi of Ihe ac¢ounts pre%ented witli tho%e record4. It al4.0 include% Lon.%ideration of any unusual iiems or disclosures in the accounts, and tieekingy explanation.4 from you as I81CeS concerning7 any suLh matler%. The proccdure5 undertakcn do nol pr()vid¢ all Ihe evidence that would be required in an audit, and consequently I do not expre%$ an audit opinion on Ihc view given by the accounLs. Indepcndcnt examlner's Statement In connection with my examination, no matter has come to my attention: (i) which gives me rea,sonable Case to believe that in any material re8pecl the requirements.. to keep proper accounting records in accordance with section 386 of the Companies Aci 2006,. and to prepare accounts which accord with tlie accounliT]g record.s, Comply witli Ihe accountin&F requirements of section 396 of the Conipanies Act 2006 and with the methods and principles of the Siatemenl of Recommended Practice.. AcLounting and Reporting by Charilies havi nol been mel. or (li) lo which, in my opinion, atleniion should be drawTr in order to enable a proper undersianding of the account% to be reached. PAul Green of Paul Green Accountancy alld Taxation Limited Chartered Accountant (Chartered Accounianls Ireland)) Jndependent examiner PO Box 167, Unil IB Ground Floor, The Gla$8works, Skeoge Busiiiess Park, I l Berashmore Road De BT48 8SE 29 Augusi 2025 Page 15
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Statement of financial activities (incorporating the income and expenditure account) For the year ended 31 March 2025 Unrestricted Restricted funds funds 2025 Total 2024 Total Iyotes Incoming resourees Incoming resources from generaiing funds: Chariiable activities Other trading a¢livilies Invei4tmenl income 38,838 150,212 16,215 79,496 118,334 150,212 16,215 162,107 249.586 14,979 Total incoming resources 205.?65 79.496 284,761 426.672 Rcsources expcndcd Expeiidilure on Cliaritsble activities Other Expenditure 310.789 2,013 79,496 390,28% 2,013 443,505 2,051 Total resources expended 312.802 79,496 392,298 445,556 Net incomingl(outgoing} resources before trAn4fers (107,537) (107,537) (18.884) Transfer between funds 223.439 (223,439) Net movement In fundslNet incomel{expendlture) for the yeAr 115.902 (223,439) (107,537) (18,884) Opening Balance broughi forward 827.630 959.297 1.7116.927 1,805,811 Total funds earrled fonvard 943,532 735,858 1,679.390 1,786,927 The statement of financial aLtivitie% include% all gains and loss¢s in the year and therefore a 5eparaie statement of totsl recognised gyains and10sse.% has Dol been prepared. All of the above amounls relale lo continuing activities. The note5 on page$ 19 to 26 form an iutegral part of these finallcial statements. Pllg¢ 16
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Balance sheet as at 31 March 2025 2025 2024 Notes Fixed asset5 Tangible ass¢is Current assets Debtors Cash at bank and in hand 955,715 1,035,225 12 29,373 958,194 25,540 ,014.301 987,567 1,039,A41 Creditors: amounts falling due Ivithin one year 13 {29.802) (17,674) Net current assets 957.765 1,022,167 Total assets less current IIAbilities 1,913,480 2.057,392 Creditors: amounts falling due after more than One year 14 (19,620) Accruals aDd deferred income 15 (234.090) (250,845) Net assets 1,679,390 1,786,927 Fund8 Re.4lricled income funds Unre%triLted tnLome funds 16 735,858 943,532 959,297 827,630 Total funds 1,679,390 1,786.927 The Balance Sheet continues on the following page. The notes on page5 19 to 26 form an integral part of these financial statements. Page 17
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Balance sheet (continued) Trustees statements required by the Companie5 Act 2006 for the year ended 31 March 2025 In approving these fmancial sthiemenis as trustees of the company we hereby confirni.. (a) that for the year stated above the company was entitled to the exemption cOnfe¢d by seclion 477 of the Companies Act 2006 . (b) that no notice ha4 been depo%ited ai the regisiered ol¢e of the company pursuanl 10 seclion 476 of the Companies Aci 2006 requesting that an audit be condu¢l¢d for the year ended 31 March 2025. (c) that we acknowledge our responsibilities for: ( l ) en%uring that the company keep% proper accounling records which coinply with section 386 of the Companies Act 2006, and (2) preparing financial statements which give a true and fair view of the state of atYaiD4 01. the company at the end of the fmancial year and of its profit or loss for the year then cnded in accordancc with tlie requireinent4 of scctions 394 and 395, and which othenwise comply with the provi.sions of the Companies Act relatinbj to financial statements, so far as applicable to the company. These financial statements are prepared in aL¢ordance with the provisionq applicable 10 compaiiies subject 10 the small coiiipaiiies regime. The financial Itatements were approved by the board on 29 August 2025 and signed on its behalf by Stephen Twe115 Dlrector Corm9c O'Hare Treasurer *LTJ [IlLI o, Zq, WQ2¥ The notes on pllges 19 to 26 form integral part of these financial statement5. Page 18
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Notes to financAal statements for the year ended 31 March 2025 Accounting policies The principal accounting policies are summarised below. 1.he accounting policies have been applied consistently throughoul the year and the preceding year. Basis of accountlDg The fllmncial statements are prepared in accordance with tlie Ac¢ounling and Reporting by Charities.. Salemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of iTeland (FRS102 elTective l January 2015) Charities SORP (FRS102) and the Companie%Acl 2006. Foyle Seracli and Rescue meets the definition ot a public benefii entity under FRS102 . Assets and liabilites are iniiially recognised ai historical cost and iransaction value unless Otheise sfaled in Ihe relevant accounting policy note{s).The Financial Siaternents are prepared on a going concern basis.Taking account of the risk review undertaken by th¢ Irusle¢s they do nol consider th¢r¢ 10 be any risk lo the going ¢onceni of Ilie Charily. 1.2. Cashflow Tlie cliarily has taken advantage of the ¢xemplion in FRS102 from the requiremenl to produce a cashflow statement because it iq a small company. 1.3. Incoming resources All inLomingF rcsources arL included in the Sl<ilLmcI)l or rin(IIILl<11 activities when (he Lharily 14 entiiled to the iniome and the amount can be quanlified with reilsonable accuracy. The followingy specific policie5 are applied io particular calegories of incorne: Volunlary income is received by way of granis. doiiaiions and gifts and is included in full in the statement of financial activitie% when receivable. Grants relalinLi to revenue shall be reLog?nised in income OT] a syStematie bil$15 over the periods li) which Il)e ei)lity recognises tlie related cosis for whi¢l) the grant is intended to compensaie Donated service% and facilities are included ai the value 10 Ihe charity where thi% can be quanlified. The value of services provided by volunteers has Thol been included. Gifis donated for resale are included as in¢oniing resources within activities for generating funds when ihey are Grants relating to asseis shall be recognised in in¢ome on a 4ybteniati¢ basis over the expected useful life of the assel. Income from investment$ 18 included in the year in which it is receivable. Page 19
FOYLE SEARCH AND RESCUE (A company liniited by guarantee) Notes to fjnancial statements for the year ended 3] March 2025 1.4. Resources expended Expenditure is re¢ogiiised on an accrual basis as a liability 1.% incurred. Expendilurc includes any VAT which annot be fiilly recovered, and is reported as part of the expenditure to which it relate%. Costs of generating funds comprise Ihe costs associated with attracting volunlary income. Charitable expenditure ¢omprises those cost.% incurred by the charily in the delivery of its activities and services for its beneficiaries. It includes both co.s1S that can be allocated directly to such activities and those co%ts of an indirect nature necessary to support them. Support Costs are those costs incued directly in support of expenditure on the objects of the charity and include project manageineiit. 1.5. Tangible fixed assets and depreciation Tangible fixed assets are sthied ai cost less ac¢uinulRted depreciation. Depreciation i% provided al rates calculated to wrile off the cost less residual value of each assei over its expected usetul life, as follows.. Property Rcnovalions Plant and rnachinery Boats and equipmenl Motor vehicles Siraighi line over fifty years 150/0 Reducing Balan¢¢ 15010 Reducing Balance 150/. Reducing Balance 1.6. Defined contribution pension schemes ThL pcn%ii)n c()s1% charLJcd in Ihc finanLial %lai¢menlS represeni the contribution payable by Ihe charity during Ihe year. 1.7. Capital Grants Capital g>ranl% recieved for qpecific capital a%sets are trcatcd as deferred capital bFrant% and released to income in liiie with 11)e relaied depreciation charg¢ of the a%%el acquired. Charitable activities Unrestricted Restrlcted funds funds 2025 Tol81 2024 Total HSC Public Health Agency Rank Foundation Derry City and Sirabane Di%trici Council Capital Grants Released FSD Insurance Claim - Thernials NISAR Resources CAF Communily Development and Healih Network 34,074 16,222 15,000 34,074 16,222 15,000 36,755 12,000 2,083 31,523 29,615 15,000 39,619 36,755 12,000 2,083 14,000 32,350 2,200 2.200 38,838 79.496 18.334 162,107 Page 20
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 Other trading activities Unrestricted lullds 2025 Total 2024 Total Fundraising and Donation5 150,212 150,212 249,586 150,212 150,212 249,586 Investment Income UDrestricted fllnds 2025 Total 2024 Total Bank Interesi Received 16,215 16,215 14,979 16.215 16.215 14,979 Expendithre on Charitable Activities Ullrestrieted Restricted flind5 funds 2024 TotAI Total Staff cosls Pension Costs Volunteer and Fundrdi5ing Expenses Accountancy fees Insurance Base Rep8irs and Maintenance Light ld Heal and Ilfapr Staff Travel and subsistence Printing,POSlage and staiionery Boat5 and Vehicle OpeTations Telephone and Pagers Training Cosis Depre¢iation and an]ortisalion General Expenses Subscriptions and Donations Profil on disposal of thngible fixed assets for the charity's owi use 53,586 2,305 13,418 2,520 22,211 18,810 6.990 50,296 103,882 2,305 13,418 2,520 34,211 18,810 6,990 100,414 2,189 9.443 2,400 35,058 24.201 1,546 34,351 4,667 59.2l2 24,898 41.660 108,545 5,539 12,000 4,737 54,771 12,798 18,264 96,363 •,667 1,138 4,737 69,771 12,798 18,264 96.363 4,867 1,138 15,000 2,200 211 211 (20,618) 310,789 79,496 390,285 443,505 Pag¢ 21
FOYLE SEARCH AND RESCUE (A compan>, limited by guarantee) Notes to finallcial statements for the year ended 31 March 2025 Other Expendfiture Unrestricted funds 2025 Total 2024 Total Hire Purchase Interest Bank Charges 1,872 1,872 141 ,872 179 2,013 2,013 2,051 Net outgoing resources for the year 2U24 Nel outgyoing resources is staled after charging.. Deprecialioi) and other amoun14 l[len otf tansFible fixed a%seis Lo%% on disposal of tanbyible fixed as%elS 96,363 211 108,545 (20,618) Employee$ Employment costs 202.fj 2024 Wages and salaries Social securiry costs Pension co%lS 99,759 4,123 2,305 96,821 3,593 2,189 106,187 102,603 No employee received emolumenLs of more than £60,00012024 '. None). Number of employees The averagc monthly number% of employees (including the trustees) duriiig the year, ¢al¢ulated on the basi.¥ of fiLII time equivalenl.s, was as follows., 2024 Number umber Management and Admin Page 22
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Notes to fmancial staten)ents for the year ended 31 March 2025 Penlon costs The company operates a pension scheme a5 required by the pension auto enrolment provigion% in respect of applicable einployees. The scheme and its assets are held by independent managers. Tlie pension charge represents contributions due from the company and was a4 follows: 2025 2024 Pension charge 2,305 2,189 10. Taxation The chariigs aciivities fall within the exemptions affurded by the provisions of the Income and Corporation Taxe?Tr Act 1988. Accordingly, there is no LatIOn charge in these accounts, ii. Tangible fixed assets Land And Boats and Plant Building5 Lquipment and Maehfinery Motor veliicles Total Cost Transfer from uniLorporated Additions Disposals 738,496 486,803 582.091 17,563 189,939 1.997,329 17,563 (5.000) (5,000) Al 31 March 2025 738,496 481,803 599,654 189,939 2,009,892 Depreciation I"ransfer from unicorporated Charge for the year On dispo%als 234.660 14.770 321,870 23,990 (4,289) 314,489 42,775 91,085 14.828 962,104 96.363 (4,289) Ai 31 March 2025 249,430 341,571 357.264 105,913 1,054,178 Net book values Ai 31 March 202.5 489,066 140,232 242,390 84.026 955.714 At 31 March 2022 503.836 164,933 267,602 98,854 1,035,225 Page 23
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 Included above are assets held under finance leases or hire purchase contracts as follows.. 2024 Net Depreciatlon book value charge 'et Depreciation book value charge Asset description Motor vehicle5 16,889 2,980 19,869 3,506 12. Debtors 2025 2024 Trade debtors Other debtors 8,395 20,978 7.814 17.726 29,373 25,540 13. Creditors: amounts f811ing due within one year 2024 Bank overdraft Nei obligations under finance lease and hire purchase contracts NICTS 1,119 1,215 19,619 5,692 1,756 453 8,558 Other taxes and social security A¢¢ruals and deferred income 386 8,678 29,802 17,674 14. Creditors: amounts falling due after more tban one year 2025 2024 Net obligations under financ¢ leases 19,620 19,620 Page 24
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Notes to fanCIal statements for the year ended 31 March 2025 15. Accruals and deferred income 2025 2024 Deferred Capital Grant Tran%fer from unicorporated Capilal Grants received in p¢riod (250,845) 120,000) (225,604) (64.860) (270,845) 36,755 (290,464) 39.619 Released in year At 31 March 2025 (234,090) (250,845) 16, Analysis of Det assets between funds Unrestricted Restricted funds funds Total funds Fund balance.s ai 31 March 2025 a.s represented by.. Tangiblc fixed a55¢ls Current as.sets 702.007 241,5?5 702,007 977,383 735,858 943,532 735,858 1,679,390 17. Unrestrlcted funds At At 31 March l April 2023 Outgoing rtsources Transfers General Unrestricted Fund 827,630 (107,537) 223,439 943,532 Purposes of unrestrieted funds For use in the adniinislrative departni¢nt, Page 25
FOYLE SEARCH AND RESCUE (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2025 18. Restricted funds At At 31 March 2024 l April Incoming 2023 resources Transfers Genral restricied Fund Restricied Fund Prehen Extension National Lottery Restricted Fund Rank Foundation Restricted Fund Joshy Simon 1153,344 80,000 (283,822) 569,522 40,000 120,000 20,OOU 25,336 1,000 20,000 383 24,953 1,000 959,297 20,383 (243,822) 735,858 Purposes of restrlcted funds Redundancy .running cost% Completion of phase 2 New Boat Waules Cold water Ishock Education 19. Controlllng interest The LoInpany is a coinpany limited by &Tuaranlee wiihoul u share capital. Tl)e irusieeknlDireclors dre Lollectively con%idered 10 be the charity's ultimate controlling, party.There were no beneficial transaciions on behalf. of the trusiceQdircctors during the period LLnder review. 20. Company limited by guarantee Foyle Search and R¢8¢ue 14 a privale company limiled by guarante¢ and does not have a share capital. Every member of the company undertake% lo contribute %uLh amounl as be required not exceeding £1 to the a%4e15 of the charitable company in the event of il beingy wound up while he or she is a Inember ,or within one year after he or she ceases 10 be a member for a) payment of the company's debis and liabilities conlracled before they ce¢ to be a member b)paymcnl of the costs .charges and expenges of 'IndIng up ,and ¢) adjusiement of the rights ot'the c()IitributOP* amung, diLrnselve.s. Page 26