IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.6.23 31.5.24 31.5.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1856312023-05-31SC1856312024-05-31SC1856312023-06-012024-05-31SC1856312022-05-31SC1856312022-06-012023-05-31SC1856312023-05-31SC185631ns0:CharitableCompanyLimitedByGuarantee2023-06-012024-05-31SC185631ns15:PoundSterling2023-06-012024-05-31SC185631ns11:FRS1022023-06-012024-05-31SC185631ns11:IndependentExaminationCharity2023-06-012024-05-31SC185631ns11:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC185631ns11:FullAccounts2023-06-012024-05-31SC185631ns11:CharitiesSORP2023-06-012024-05-31SC185631ns16:EnglandWales2023-06-012024-05-31SC185631ns11:RegisteredOffice2023-06-012024-05-31SC185631ns0:Trustee12023-06-012024-05-31SC185631ns0:Trustee22023-06-012024-05-31SC185631ns0:Trustee32023-06-012024-05-31SC185631ns0:Trustee42023-06-012024-05-31SC185631ns0:Trustee52023-06-012024-05-31SC185631ns0:TotalUnrestrictedFunds2023-06-012024-05-31SC185631ns0:TotalRestrictedIncomeFunds2023-06-012024-05-31SC185631ns0:Activity82023-06-012024-05-31SC185631ns0:TotalUnrestrictedFundsns0:Activity82023-06-012024-05-31SC185631ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-06-012024-05-31SC185631ns0:Activity82022-06-012023-05-31SC185631ns0:TotalUnrestrictedFunds2023-05-31SC185631ns0:TotalRestrictedIncomeFunds2023-05-31SC185631ns0:TotalUnrestrictedFunds2024-05-31SC185631ns0:TotalRestrictedIncomeFunds2024-05-31SC185631ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-05-31SC185631ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-05-31SC185631ns10:WithinOneYear2024-05-31SC185631ns10:WithinOneYear2023-05-31SC185631ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-06-012024-05-31SC185631ns10:PlantMachinery2023-06-012024-05-31SC185631ns10:MotorVehicles2023-06-012024-05-31SC18563122023-06-012024-05-31SC18563112023-06-012024-05-31SC18563112022-06-012023-05-31SC185631122023-06-012024-05-31SC185631122022-06-012023-05-31SC185631132023-06-012024-05-31SC185631132022-06-012023-05-31SC185631142023-06-012024-05-31SC185631142022-06-012023-05-31SC185631ns10:OwnedAssets2023-06-012024-05-31SC185631ns10:OwnedAssets2022-06-012023-05-31SC185631ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-05-31SC185631ns10:PlantMachinery2023-05-31SC185631ns10:MotorVehicles2023-05-31SC185631ns10:OwnedOrFreeholdAssetsns10:LandBuildings2024-05-31SC185631ns10:PlantMachinery2024-05-31SC185631ns10:MotorVehicles2024-05-31SC185631ns10:OwnedOrFreeholdAssetsns10:LandBuildings2023-05-31SC185631ns10:PlantMachinery2023-05-31SC185631ns10:MotorVehicles2023-05-31
REGISTERED COMPANY NUMBER: SC185631 (Scotland)
REGISTERED CHARITY NUMBER: 027347















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

PORT WILLIAM INSHORE RESCUE SERVICE

PORT WILLIAM INSHORE RESCUE SERVICE






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 16

PORT WILLIAM INSHORE RESCUE SERVICE (REGISTERED NUMBER: SC185631)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024


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 2024. 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.
The operation of the café and extension of public awareness programmes are conducive to the attainment of the charity objectives.

ACHIEVEMENT AND PERFORMANCE
This was a settled and successful year all round. The lifeboat made some significant rescues, and The View recorded a significant improvement on last year's trading. We are seeing the green shoots of recovery from COVID which is great, both from the perspective of the charity but more importantly from the health and welfare of our community.

On the advice of our accountants, PIRSAC created a new company to accommodate commercial trading. The View (PIRSAC) Ltd was born and registered with Companies House. A company limited by share issue, with PIRSAC the sole shareholder. Going forward this will allow regular rental to be paid to PIRSAC and a biannual dividend of the profits. This will also lessen the tax liabilities of PIRSAC as a charity. The new company (SC678135) has a board of 3 directors - Kenny Barr (Chairman), Dorothy McDonald and Stewart Gerrish. The day to day management of the new business still lies with Helen Oxley. The new company officially commenced trading on 1 June 2024.

In this period our lifeboat responded to 12 call outs from HMCG Belfast. A total of 17 individuals were provided assistance and their safety assured. With the ever increasing extremes of weather, on several separate occasions we would undertake day and night patrols of our community during high winds and tides-searching for damage and flooding in order to keep our community safe.

PIRSAC continues to be active in many community events and the café caters for many small groups, enabling us to continue our high profile. The ongoing project to enlarge the premises is still ongoing with communication with funders protracted but still active. Planning permission has been obtained and professional consultants identified.

Recruitment for the lifeboat, including boat crew, shore crew and support crew has been good. Individuals have been identified for specific roles in the support crew, ensuring that all the little chores are timeously carried out and all equipment and the station are kept in tip top condition. Training continues well and progress is being made to get several training crew members through their qualification required to become full time crew members.

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. 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.


PORT WILLIAM INSHORE RESCUE SERVICE (REGISTERED NUMBER: SC185631)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024

FINANCIAL REVIEW
The charity has generated a net increase in unrestricted funds in the year of £16,890 (2023 £5,183)

Unrestricted funds consist of general funds generated by fundraising at local community events, donations and 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 2024 was £139,413 (2023 £122,523).

Restricted funds represent reserves from funding awarded by FLAG, the Department of Transport, EMFF, CAF and the Energy Trust which are being written off over the expected lifetime of the assets acquire: 10 year for the boat, slipway, tractor and trailer, 5 and 3 years for the Land Rover, crew gear and other equipment. These funds included grant funding for training as well as funding for a youth officers which had to be repaid to the funder during the year as the charity was unable to fulfill the conditions of the grant in the time allowed.

After related expenditure and depreciation, the balance of restricted funds as at 31 May 2024 was £158,944 (2023 £180,751).

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.

Recruitment and Appointment of Directors

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

One director serves as an employee of the company.

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 will ensure 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


PORT WILLIAM INSHORE RESCUE SERVICE (REGISTERED NUMBER: SC185631)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MAY 2024

Registered office
The Boathouse Harbour Road
Port William
Newton Stewart
DG8 9QF

Trustees
K W Barr
J S Gerrish
G P Mckenzie
Ms H Oxley
M H Ward

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

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 12 February 2025 and signed on its behalf by:





K W Barr - Trustee

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

I report on the accounts for the year ended 31 May 2024 set out on pages five 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 :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








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

14 February 2025

PORT WILLIAM INSHORE RESCUE SERVICE

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MAY 2024

31/5/24 31/5/23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 23,341 - 23,341 25,301

Charitable activities 3
Operation of lifeboats - - - (571 )

Other trading activities 2 273,169 - 273,169 179,572
Other income 4 508 - 508 456
Total 297,018 - 297,018 204,758

EXPENDITURE ON
Raising funds 5 257,644 - 257,644 180,046

Charitable activities 6
Operation of lifeboats 26,684 17,890 44,574 43,784

Other (283 ) - (283 ) (290 )
Total 284,045 17,890 301,935 223,540

NET INCOME/(EXPENDITURE) 12,973 (17,890 ) (4,917 ) (18,782 )
Transfers between funds 17 3,917 (3,917 ) - -
Net movement in funds 16,890 (21,807 ) (4,917 ) (18,782 )

RECONCILIATION OF FUNDS
Total funds brought forward 165,802 180,751 346,553 365,335

TOTAL FUNDS CARRIED FORWARD 182,692 158,944 341,636 346,553

PORT WILLIAM INSHORE RESCUE SERVICE (REGISTERED NUMBER: SC185631)

BALANCE SHEET
31 MAY 2024

31/5/24 31/5/23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 81,078 153,710 234,788 240,919

CURRENT ASSETS
Stocks 13 685 - 685 500
Debtors 14 42,635 - 42,635 31,765
Cash at bank and in hand 79,221 6,634 85,855 88,572
122,541 6,634 129,175 120,837

CREDITORS
Amounts falling due within one year 15 (20,927 ) (1,400 ) (22,327 ) (14,920 )

NET CURRENT ASSETS 101,614 5,234 106,848 105,917

TOTAL ASSETS LESS CURRENT
LIABILITIES

182,692

158,944

341,636

346,836

PROVISIONS FOR LIABILITIES 16 - - - (283 )

NET ASSETS 182,692 158,944 341,636 346,553
FUNDS 17
Unrestricted funds:
General fund 139,413 122,523
Designated fund 43,279 43,279
182,692 165,802
Restricted funds 158,944 180,751
TOTAL FUNDS 341,636 346,553

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.



PORT WILLIAM INSHORE RESCUE SERVICE (REGISTERED NUMBER: SC185631)

BALANCE SHEET - continued
31 MAY 2024

The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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 12 February 2025 and were signed on its behalf by:





K W Barr - Trustee

PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

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.

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.

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.


PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. OTHER TRADING ACTIVITIES
31/5/24 31/5/23
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Fundraising events 4,678 - 4,678 4,010
Cafe income 258,630 - 258,630 169,299
Fancy goods and gift sales 9,861 - 9,861 6,263
273,169 - 273,169 179,572

3. INCOME FROM CHARITABLE ACTIVITIES
31/5/24 31/5/23
Activity £    £   
Grants Operation of lifeboats - (571 )

Grants received, included in the above, are as follows:
31/5/24 31/5/23
£    £   
CAF - 7,084
Foundation Scotland - (7,655 )
- (571 )

4. OTHER INCOME
31/5/24 31/5/23
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Electricity Feed In Tariff 508 - 508 456


PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. RAISING FUNDS

Other trading activities
31/5/24 31/5/23
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Opening stock 500 - 500 400
Purchases 93,447 - 93,447 61,259
Closing stock (685 ) - (685 ) (500 )
Staff costs 136,878 - 136,878 97,233
Insurance & utilities 16,473 - 16,473 14,634
Equipment maintenance 2,458 - 2,458 1,159
Fundraising costs 580 - 580 160
Cleaning 960 - 960 496
Miscellaneous costs 1,227 - 1,227 1,222
Administrative costs 2,148 - 2,148 642
Bank charges 2,466 - 2,466 922
Depreciation 1,192 - 1,192 2,419
257,644 - 257,644 180,046

6. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 7) note 8) Totals
£    £    £   
Operation of lifeboats 42,330 2,244 44,574

7. DIRECT COSTS OF CHARITABLE ACTIVITIES
31/5/24 31/5/23
£    £   
Rates, insurance & utilities 3,764 3,248
Equipment maintenance 12,554 10,292
Site maintenance 3,875 847
Training 1,850 180
Consumables - 224
Depreciation 20,287 27,046
42,330 41,837


PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. SUPPORT COSTS
Governance
Management costs Totals
£    £    £   
Operation of lifeboats 1,344 900 2,244

9. NET INCOME/(EXPENDITURE)

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

31/5/24 31/5/23
£    £   
Depreciation - owned assets 21,478 29,465

10. TRUSTEES' REMUNERATION AND BENEFITS

One of the trustees, Helen Oxley, served as café manager and as such was paid remuneration of £23,737 (2023 £18,000).
This is in accordance with the Memorandum and Articles of Association.
No other trustee has received any other benefits from the charity or a related entity (2023 £nil).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.


11. STAFF COSTS

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

31/5/24 31/5/23
Staff 12 11

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


PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

12. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2023 261,759 207,777 25,253 494,789
Additions - 15,347 - 15,347
Disposals - (16,308 ) - (16,308 )
At 31 May 2024 261,759 206,816 25,253 493,828
DEPRECIATION
At 1 June 2023 46,587 182,030 25,253 253,870
Charge for year 10,467 11,011 - 21,478
Eliminated on disposal - (16,308 ) - (16,308 )
At 31 May 2024 57,054 176,733 25,253 259,040
NET BOOK VALUE
At 31 May 2024 204,705 30,083 - 234,788
At 31 May 2023 215,172 25,747 - 240,919

13. STOCKS
31/5/24 31/5/23
£    £   
Stocks 685 500

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors - 913
Other debtors 36,250 24,984
Prepayments 6,385 5,868
42,635 31,765


PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade creditors 7,847 5,217
Social security and other taxes - 629
VAT 13,006 7,123
Accrued expenses 1,474 1,951
22,327 14,920

16. PROVISIONS FOR LIABILITIES
31/5/24 31/5/23
£    £   
Deferred tax - 283

17. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.6.23 in funds funds 31.5.24
£    £    £    £   
Unrestricted funds
General fund 122,523 12,973 3,917 139,413
Designated fund 43,279 - - 43,279
165,802 12,973 3,917 182,692
Restricted funds
FLAG 166,202 (14,375 ) (4,686 ) 147,141
Department of Transport 1 2,097 (1,432 ) 769 1,434
CAF 7,084 (1,850 ) - 5,234
D & G Council 5,368 (233 ) - 5,135
180,751 (17,890 ) (3,917 ) 158,944
TOTAL FUNDS 346,553 (4,917 ) - 341,636

PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

17. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 297,018 (284,045 ) 12,973

Restricted funds
FLAG - (14,375 ) (14,375 )
Department of Transport 1 - (1,432 ) (1,432 )
CAF - (1,850 ) (1,850 )
D & G Council - (233 ) (233 )
- (17,890 ) (17,890 )
TOTAL FUNDS 297,018 (301,935 ) (4,917 )


Comparatives for movement in funds

Net Transfers
movement between At
At 1.6.22 in funds funds 31.5.23
£    £    £    £   
Unrestricted funds
General fund 96,510 5,173 20,840 122,523
Designated fund 64,109 - (20,830 ) 43,279
160,619 5,173 10 165,802
Restricted funds
FLAG 180,577 (14,375 ) - 166,202
Department of Transport 1 3,531 (1,434 ) - 2,097
Department of Transport 2 4,801 (4,801 ) - -
Energy Trust 1,356 (1,356 ) - -
Foundation Scotland 7,665 (7,655 ) (10 ) -
CAF - 7,084 - 7,084
EMFF 1,185 (1,185 ) - -
D & G Council 5,601 (233 ) - 5,368
204,716 (23,955 ) (10 ) 180,751
TOTAL FUNDS 365,335 (18,782 ) - 346,553

PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

17. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 205,329 (200,156 ) 5,173

Restricted funds
FLAG - (14,375 ) (14,375 )
Department of Transport 1 - (1,434 ) (1,434 )
Department of Transport 2 - (4,801 ) (4,801 )
Energy Trust - (1,356 ) (1,356 )
Foundation Scotland (7,655 ) - (7,655 )
CAF 7,084 - 7,084
EMFF - (1,185 ) (1,185 )
D & G Council - (233 ) (233 )
(571 ) (23,384 ) (23,955 )
TOTAL FUNDS 204,758 (223,540 ) (18,782 )

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 with the remaining balance spent in 2025.
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.
Holywood Trust funding was provided to match income from Foundation Scotland for the youth officer and includes £1000 towards volunteer recruitment and activities. Unfortunately due to issues filling the post of youth officer, this grant was repaid in full to the Holywood Trust in 2022.


PORT WILLIAM INSHORE RESCUE SERVICE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2024.