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2025-05-31-accounts

REGISTERED COMPANY NUMBER: SC185631 (Scotland) REGISTERED CHARITY NUMBER: 027347

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

PORT WILLIAM INSHORE RESCUE SERVICE

J.H. Greenwood & Company Chartered Accountants Ava Lodge Castle Terrace Berwick Upon Tweed Northumberland TD15 1NP

PORT WILLIAM INSHORE RESCUE SERVICE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

Page
Chairman's Report 1
Report of the Trustees 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 16
Detailed Statement of Financial Activities 17 to 18

PORT WILLIAM INSHORE RESCUE SERVICE

CHAIRMAN'S REPORT FOR THE YEAR ENDED 31 MAY 2025

I am happy to report that PIRSAC continues to grow and develop, both in its operation and the skills that our crews are demonstrating.

During this period, our lifeboat received five call outs from HMCG Belfast and assisted a total of 12 people, ensuring their safety. As weather conditions become increasingly extreme, our team has carried out numerous day and night patrols, such as those during Storm Eowyn in January, to monitor high winds and tides, check for damage or flooding, and keep our community safe. Because we depend on local support and funding, we believe it is essential to safeguard our community not just at sea, but at all times. Special recognition goes to the crew members who performed these patrols under challenging and and at times hazardous circumstances.

In addition the crew, off station and at a social event, saw a paddle boarder in distress at sea, contacted the HMCG in Belfast and then responded and effected a rescue. The BBQ may have been spoiled, but a life was saved.

PIRSAC's trading arm, The View, remains a highly successful operation, contributing significantly to both community services and the tourism industry, while also serving as an important source of funding for the lifeboat service. Employing up to 15 staff members seasonally, it is recognised as one of the largest employers in the area.

The project to expand the premises is ongoing; communications with funders are lengthy but progressing. Partial funding for phase 1 was received and work completed and we are now securing the remainder to establish a budget and pursue capital funding.

Recruitment for the boat, shore, and support crews has been good. Support crew roles are getting filled, ensuring chores are handled promptly and all equipment and the station remain in good condition. Training has progressed well this year. Initially led by a training officer, it is now overseen by experienced crew members. Several crew attended a residential weekend in Rhu, earning qualifications that boosted our number of qualified helmspersons. Due to the success of this training, the company has been contracted for an additional six months to further develop the crew and advance their qualifications.

Generally, we feel in the last 12 months we have received a huge amount of public support for our charity. Donations have been excellent, with a local hostelry regularly making substantial donations and a local caravan park now supporting the operation. Other establishments continue to support through collecting cans and fundraising events. We extend our thanks and appreciation to all our supporters who continue to contribute to our funds. The need to search for funding will continue, which will assist with the ongoing running costs, future training schedules and the development of a recruiting policy.

I'd like to recognise the ongoing practice by the crew of sharing a visual report after each shout, along with a donate button on Facebook. This regularly brings in around £75, which likely covers the fuel expenses. That's a great achievement, well done!

The organisation experienced sorrow this year due to the passing of our director, former chairman and friend, George McKenzie MBE, in the summer. George was widely recognised as the de facto face of PIRSAC. It was his wish that he be escorted to his final resting place by the boat and crew. This was carried out with dignity and respect, drawing many favourable comments from mourners and Georges family alike. I can say I have never been prouder of an organisation and, in particular, its members as I was that day.

Serving as chairman of this organisation is truly an honour. The ongoing support and congratulations we receive reflect the incredible life-saving efforts we achieve together. I sincerely appreciate my fellow board members for their dedication over the past year, especially given how busy many of them are outside their commitment to PIRSAC.

In closing, on behalf of the board of directors, I extend my heartfelt thanks to each member for their invaluable service and commitment, and to every staff member at The View for their outstanding work, dedication and humour.

Kenny Barr Chairman

Page 1

PORT WILLIAM INSHORE RESCUE SERVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's objectives and principal activities are the protection of life by the provision and maintenance of an inshore rescue facility, available for use in any emergency life saving situation connected with the use by the general public of the inland and coastal waters of the United Kingdom.

The charity promotes it's activities through publicity in co-operation with the press and other sources as well as the distribution of information pamphlets and other literature.

ACHIEVEMENTS AND PERFORMANCE

During this period, our lifeboat received five call outs from HMCG Belfast and assisted a total of 12 people, ensuring their safety. As weather conditions become increasingly extreme, our team has carried out numerous day and night patrols to monitor high winds and tides, check for damage or flooding, to keep our community safe.

PIRSAC continues to be active in many community events and our subsidiary company The View (PIRSAC) Ltd continues to caters for many small groups, enabling us to continue our high profile.

Recruitment for the boat, shore, and support crews continues to be good. Support crew roles are getting filled, ensuring chores are handled promptly and all equipment and the station remain in good condition. This year's training sessions have boosted our number of qualified helmspersons.

FINANCIAL REVIEW

The charity has generated a net increase in unrestricted funds in the year of £19,141 (2024 £16,890)

Unrestricted funds consist of general funds generated by fundraising at local community events, donations and rental income from the café.

The directors' policy is to build up financial reserves for the eventual replacement fo the rescue craft, crew equipment and upgrading of facilities. Designated funds of £43,279 are held for this purpose.

The balance of unrestricted funds at 31 May 2025 was £158,554 (2024 £139,413).

Restricted funds represents funding for the purchase of capital items which are being written off over the expected lifetime of those assets. Restricted funds also included the remaining unspent balance of a grant for training.

After related expenditure and depreciation, the balance of restricted funds as at 31 May 2025 was £171,449 (2024 £158,944).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity was incorporated and registered on 11 May 1998.

In the event of the Company being wound up, anything remaining after settlement of all debts and liabilities will be paid or distributed to some charitable institution with similar objects the the objects of the company.

Page 2

PORT WILLIAM INSHORE RESCUE SERVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Related parties

The charity operates a café through a wholly owned subsidiary company The View (PIRSAC) Ltd, registration number SC678135 (Scotland). The registered office is the same as that of the Charity. The Café has three directors who operate the café on normal commercial terms, whilst using it to promote the activities of the charity to member of the local community and visitors to the area alike . The charity charge rent to the café for use of the premises and it is the intention that any surplus profits will be donated to the charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees acknowledge that the need for funding and trained volunteers continues to be the main areas of risk for the charity and that, with the future training schedules for crew, and the income generated by the café the charity can continue to meet it's objectives as well as maintaining the public interest in the community.

Recruitment and Appointment of Directors

At present there are five directors of the company to manage and promote the charity's activities.

With the establishment of the café and the extension of public awareness activities, the charity has made significant progress in achieving it's objectives and in generating the means for future sustainability.

The dedication and commitment of the directors ensures the continuing success of the charity in meeting its objectives as well as maintaining public interest in the local community.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

SC185631 (Scotland)

Registered Charity number

027347

Registered office

The Boathouse Harbour Road Port William Newton Stewart DG8 9QF

Trustees

K W Barr J S Gerrish G P Mckenzie (resigned 1/8/2025) Ms H Oxley M H Ward C C Pope (appointed 1/3/2025)

Independent Examiner

G Greenwood J.H. Greenwood & Company Chartered Accountants Ava Lodge Castle Terrace Berwick Upon Tweed Northumberland TD15 1NP

Page 3

PORT WILLIAM INSHORE RESCUE SERVICE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2025

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 24 February 2026 and signed on its behalf by:

K W Barr - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PORT WILLIAM INSHORE RESCUE SERVICE

I report on the accounts for the year ended 31 May 2025 set out on pages six to sixteen.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention :

have not been met; or

G Greenwood The Institute of Chartered Accountants in England and Wales

J.H. Greenwood & Company Chartered Accountants Ava Lodge Castle Terrace Berwick Upon Tweed Northumberland TD15 1NP

25 February 2026

Page 5

PORT WILLIAM INSHORE RESCUE SERVICE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025

----- Start of picture text -----
31/5/25 31/5/24
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
-
Donations and legacies 29,496 29,496 23,341
Charitable activities 3
- -
Operation of lifeboats 29,200 29,200
Other trading activities 2 21,585 - 21,585 273,169
Other income 4 540 - 540 508
Total 51,621 29,200 80,821 297,018
EXPENDITURE ON
Raising funds 5 2,266 - 2,266 257,644
Charitable activities 6
Operation of lifeboats 27,414 19,495 46,909 44,574
Other - - - (283)
Total 29,680 19,495 49,175 301,935
NET INCOME/(EXPENDITURE) 21,941 9,705 31,646 (4,917)
Transfers between funds 17 (2,800) 2,800 - -
Net movement in funds 19,141 12,505 31,646 (4,917)
RECONCILIATION OF FUNDS
Total funds brought forward 182,692 158,944 341,636 346,553
TOTAL FUNDS CARRIED FORWARD 201,833 171,449 373,282 341,636
----- End of picture text -----

The notes form part of these financial statements

Page 6

PORT WILLIAM INSHORE RESCUE SERVICE

BALANCE SHEET

31 MAY 2025

----- Start of picture text -----
31/5/25 31/5/24
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 12 70,797 169,668 240,465 234,788
Investments 13 1 - 1 -
70,798 169,668 240,466 234,788
CURRENT ASSETS
Stocks 14 580 - 580 685
Debtors 15 61,897 - 61,897 42,635
Cash at bank and in hand 70,624 1,781 72,405 85,855
133,101 1,781 134,882 129,175
CREDITORS
Amounts falling due within one year 16 (2,066) - (2,066) (22,327)
NET CURRENT ASSETS 131,035 1,781 132,816 106,848
TOTAL ASSETS LESS CURRENT
LIABILITIES 201,833 171,449 373,282 341,636
NET ASSETS 201,833 171,449 373,282 341,636
FUNDS 17
Unrestricted funds:
General fund 158,554 139,413
Designated fund 43,279 43,279
201,833 182,692
Restricted funds 171,449 158,944
TOTAL FUNDS 373,282 341,636
----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 7

PORT WILLIAM INSHORE RESCUE SERVICE

BALANCE SHEET - continued

31 MAY 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 24 February 2026 and were signed on its behalf by:

K W Barr - Trustee

The notes form part of these financial statements

Page 8

PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Preparation of consolidated financial statements

The financial statements contain information about Port William Inshore Rescue Service as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - Straight line over 25 years
Plant and machinery - Straight line over 10 years, Straight line over 5 years and Straight line over 3
years
Motor vehicles - Straight line over 5 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation represents the sum of tax currently payable and deferred tax, on the trading activities of the charity. The company's liability for the current year is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised in respect of all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

continued...

Page 9

PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES

----- Start of picture text -----
31/5/25 31/5/24
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
-
Fundraising events 1,677 1,677 4,678
Cafe income - - - 258,630
-
Fancy goods and gift sales 4,908 4,908 9,861
Rental income 15,000 - 15,000 -
-
21,585 21,585 273,169
3. INCOME FROM CHARITABLE ACTIVITIES
31/5/25 31/5/24
Activity £ £
Grants Operation of lifeboats 29,200 -
Grants received, included in the above, are as follows:
31/5/25 31/5/24
£ £
-
South of Scotland Enterprise 29,200
4. OTHER INCOME
31/5/25 31/5/24
Unrestricted Restricted Total Total
funds funds funds funds
£ £ £ £
Electricity Feed In Tariff 339 - 339 508
Car charging income 201 - 201 -
540 - 540 508
----- End of picture text -----

continued...

Page 10

PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025

5. RAISING FUNDS

Other trading activities

Unrestricted
funds
£
Opening stock
315
Purchases
2,387
Closing stock
(580)
Staff costs
-
Insurance & utilities
-
Equipment maintenance
-
Fundraising costs
144
Cleaning
-
Miscellaneous costs
-
Administrative costs
-
Bank charges
-
Depreciation
-
2,266
6.
CHARITABLE ACTIVITIES COSTS
Operation of lifeboats
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Rates, insurance & utilities
Equipment maintenance
Site maintenance
Training
Depreciation		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
Direct
Costs (see
note 7)
£
37,744		 31/5/25
Total
funds
£
315
2,387
(580)
-
-
-
144
-
-
-
-
-
2,266
Support
costs (see
note 8)
£
9,165
31/5/25
£
3,875
8,277
868
3,803
20,921
37,744		 31/5/24
Total
funds
£
500
93,447
(685)
136,878
16,473
2,458
580
960
1,227
2,148
2,466
1,192
257,644
Totals
£
46,909
31/5/24
£
3,764
12,554
3,875
1,850
20,287
42,330

continued...

Page 11

PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025

8. SUPPORT COSTS

----- Start of picture text -----
|||||| |---|---|---|---|---| |Governance| |Management|Finance|costs|Totals| |£|£|£|£| |Operation of lifeboats|7,434|31|1,700|9,165|

----- End of picture text -----

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |31/5/25|31/5/24| |£|£| |Depreciation - owned assets|20,921|21,478|

----- End of picture text -----

10. TRUSTEES' REMUNERATION AND BENEFITS

During the year no remuneration was paid to any of the trustees. In 2024 one of the trustees, Helen Oxley, served as café manager and as such was paid remuneration of £23,737 she continues in this role, however she is now employed by the subsidiary The View (PIRSAC) Ltd. Payments made were in accordance with the Memorandum and Articles of Association.

No other trustee has received any benefits from the charity or a related entity (2024 £nil).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.

11. STAFF COSTS

The average monthly number of employees during the year was as follows:

----- Start of picture text -----
|||| |---|---|---| |31/5/25|31/5/24| |Staff|-|12|

----- End of picture text -----

No employees received emoluments in excess of £60,000.

continued...

Page 12

PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025

12. TANGIBLE FIXED ASSETS

----- Start of picture text -----
Freehold Plant and Motor
property machinery vehicles Totals
£ £ £ £
COST
At 1 June 2024 261,759 206,816 25,253 493,828
Additions 35,820 5,903 - 41,723
- -
Disposals (46,779) (46,779)
At 31 May 2025 297,579 165,940 25,253 488,772
DEPRECIATION
At 1 June 2024 57,054 176,733 25,253 259,040
-
Charge for year 10,467 10,454 20,921
- -
Eliminated on disposal (31,654) (31,654)
At 31 May 2025 67,521 155,533 25,253 248,307
NET BOOK VALUE
-
At 31 May 2025 230,058 10,407 240,465
-
At 31 May 2024 204,705 30,083 234,788
13. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
Additions 1
NET BOOK VALUE
At 31 May 2025 1
-
At 31 May 2024
There were no investment assets outside the UK.
14. STOCKS
31/5/25 31/5/24
£ £
Stocks 580 685
----- End of picture text -----

continued...

Page 13

PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

----- Start of picture text -----
31/5/25 31/5/24
£ £
Other debtors 57,223 36,250
Prepayments 4,674 6,385
61,897 42,635
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/25 31/5/24
£ £
Trade creditors 32 7,847
VAT 224 13,006
Accrued expenses 1,810 1,474
2,066 22,327
17. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.6.24 in funds funds 31.5.25
£ £ £ £
Unrestricted funds
General fund 139,413 21,941 (2,800) 158,554
- -
Designated fund 43,279 43,279
182,692 21,941 (2,800) 201,833
Restricted funds
FLAG 147,141 (14,375) - 132,766
- -
Department of Transport 1 1,434 (1,434)
CAF 5,234 (3,453) - 1,781
D & G Council 5,135 (233) - 4,902
-
South of Scotland Enterprise 29,200 2,800 32,000
158,944 9,705 2,800 171,449
TOTAL FUNDS 341,636 31,646 - 373,282
----- End of picture text -----

continued...

Page 14

PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
FLAG
Department of Transport 1
CAF
D & G Council
South of Scotland Enterprise
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Designated fund
Restricted funds
FLAG
Department of Transport 1
CAF
D & G Council
TOTAL FUNDS		 At 1.6.23
£
122,523
43,279
165,802
166,202
2,097
7,084
5,368
180,751
346,553		 Incoming
resources
£
51,621
-
-
-
-
29,200
29,200
80,821
Net
movement
in funds
£
12,973
-
12,973
(14,375)
(1,432)
(1,850)
(233)
(17,890)
(4,917)		 Resources
Movement
expended
in funds
£
£
(29,680)
21,941
(14,375)
(14,375)
(1,434)
(1,434)
(3,453)
(3,453)
(233)
(233)
-
29,200
(19,495)
9,705
(49,175)
31,646
Transfers
between
At
funds
31.5.24
£
£
3,917
139,413
-
43,279
3,917
182,692
(4,686)
147,141
769
1,434
-
5,234
-
5,135
(3,917)
158,944
-
341,636

continued...

Page 15

PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MAY 2025

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
FLAG
Department of Transport 1
CAF
D & G Council
TOTAL FUNDS		 Incoming
resources
£
297,018
-
-
-
-
-
297,018		 Resources
Movement
expended
in funds
£
£
(284,045)
12,973
(14,375)
(14,375)
(1,432)
(1,432)
(1,850)
(1,850)
(233)
(233)
(17,890)
(17,890)
(301,935)
(4,917)

The FLAG funding was for a new rescue craft and launching vehicle, together with an upgrade to the boat shed. The Department of Transport 1 funding was for the purchase of a new tractor, trailer and equipment. The Department of Transport 2 funding was for crew equipment and launch vehicle.

Energy Trust funding was for the purchase of an electric car charging station.

Foundation Scotland funding was for the appointment of a youth worker, these funds were repaid during the year. CAF income was funding for crew training, this was partly spent in the year to May 2024 & 2025 with the remaining balance spent in 2026.

EMFF income was for the purchase of equipment for the YESS project and the funding of the services of three development workers.

D& G Council funding was from Regionwide Coastal Benefit Fund 2020/21 to cover the surveys and planning costs in the PIRSAC expansion project.

South of Scotland Enterprise gave a grant to cover the initial design phase of the building extension project.

Transfers between funds

During the year a transfer was made from the general fund of £2,800 to cover a shortfall on restricted project.

18. RELATED PARTY DISCLOSURES

At 1st June 2024 the charity transferred it's café trading to a wholly owned subsidiary company. During the year £15,000 was paid in rent to the charity and a donation of £3,365 was also made to the charity. There was no other trading between the company and the charity. At the year end there was an inter company loan of £57,223 owing to the charity made up mainly of working capital and fixed assets transferred at 1 June 2024. During the year to 31 May 2025 The View (PIRSAC) Ltd had capital and reserves of £19.

Page 16

PORT WILLIAM INSHORE RESCUE SERVICE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025

----- Start of picture text -----
31/5/25 31/5/24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 28,864 21,483
Gift aid 632 1,858
29,496 23,341
Other trading activities
Fundraising events 1,677 4,678
Cafe income - 258,630
Fancy goods and gift sales 4,908 9,861
Rental income 15,000 -
21,585 273,169
Charitable activities
Grants 29,200 -
Other income
Electricity Feed In Tariff 339 508
Car charging income 201 -
540 508
Total incoming resources 80,821 297,018
EXPENDITURE
Other trading activities
Opening stock 315 500
Purchases - 87,935
Purchase - fancy goods & gifts 2,387 5,512
-
Wages 136,878
Insurance & utilities - 16,473
-
Equipment maintenance 2,458
Fundraising costs 144 580
Cleaning - 960
Miscellaneous costs - 1,227
Administrative costs - 2,148
-
Bank charges 2,466
-
Plant and machinery 1,192
Closing stock (580) (685)
2,266 257,644
Charitable activities
Rates, insurance & utilities 3,875 3,764
Carried forward 3,875 3,764
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Page 17

PORT WILLIAM INSHORE RESCUE SERVICE

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DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2025
31/5/25 31/5/24
£ £
Charitable activities
Brought forward 3,875 3,764
Equipment maintenance 8,277 12,554
Site maintenance 868 3,875
Training 3,803 1,850
Freehold property 10,467 10,467
Plant and machinery 10,454 9,820
37,744 42,330
Other
Deferred tax movement - (283)
Support costs
Management
Administration expenses 1,684 1,344
Professional fees 5,750 -
7,434 1,344
Finance
Bank charges 31 -
Governance costs
Accountancy 1,700 900
Total resources expended 49,175 301,935
Net income/(expenditure) 31,646 (4,917)
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Page 18

SIGNATURE CERTIFICATE

Document

Name Port William final accounts 31.05.25.pdf Creator Gillian Ainslie (gainslie@jhgreenwood.co.uk) Date 24 February 2026 16:26:31 UTC Identifier 742fb24f-547b-4e70-accb-847be8f87db4

Signers

pirsac1@gmail.com

E-mail pirsac1@gmail.com Signed 25 February 2026 10:59:33 UTC IP address 90.219.148.188