| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2026 |
| for |
| Moray Inshore Rescue Organisation |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 March 2026 |
| for |
| Moray Inshore Rescue Organisation |
| Moray Inshore Rescue Organisation |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2026 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 11 |
| Moray Inshore Rescue Organisation (Registered number: SC307007) |
| Report of the Trustees |
| for the Year Ended 31 March 2026 |
| 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 March 2026. 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 Objectives and activities for the year under review were: |
| 1 The protection of an Inshore Rescue facility to save life, in the inland and coastal waters around Findhorn Bay up to three miles offshore, from Burghead in the East to Nairn in the West. |
| 2 To support Coastguard and RNLI operations. |
| To meet these objectives the organisation operates a Humber Ocean Pro rib powered by twin outboard engines for use in the bay and up to three miles offshore and a smaller 4m boat for use within Findhorn Bay from their base at Findhorn Marina. The vessel is crewed by a volunteer team and is on call 365 days a year. |
| ACHIEVEMENTS AND PERFORMANCE |
| Charitable activities |
| MIRO has maintained a 24hour capability throughout the year and continues to respond to call outs from HMC Aberdeen. |
| Crew numbers remain at a suitable level. Support of the public, business, organisations and individuals has allowed MIRO to continue operations throughout the year. Our donation tins are dispersed in the area and regularly collected by a new member of the team. |
| FINANCIAL REVIEW |
| Financial position |
| We are linked with the Charities Aid Foundation for on-line donations. QR codes are used on notices and posters for donations to be made directly to MIRO |
| Reserves policy |
| There are adequate funds to maintain operations at the current level and cover any emergency costs such as engine breakdowns and boat repairs. . MIRO has an ongoing programme for fundraising including the annual Burns Supper which has ongoing support. |
| We are linked with the Charities Aid Foundation for on-line donations. QR codes are used on notices and posters for donations to be made directly to MIRO |
| FUTURE PLANS |
| MIRO now plans to remain in the portakabin accommodation and operate from Findhorn Marina. |
| 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. |
| Recruitment and appointment of new trustees |
| Directors are appointed by members at the Annual General Meeting, or may be co-opted if a vacancy arises during the year. The decision making process is carried out by the directors who meet as required during the year. |
| The directors, crew members and supporting members are all volunteers. No director has a beneficial interest in the company. |
| Moray Inshore Rescue Organisation (Registered number: SC307007) |
| Report of the Trustees |
| for the Year Ended 31 March 2026 |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Registered office |
| Trustees |
| Company Secretary |
| Independent Examiner |
| Gordon Scott |
| Chartered Accountants |
| Scottca Ltd |
| 34 Ferryhill |
| Forres |
| Moray |
| IV36 2GY |
| Approved by order of the board of trustees on |
| Independent Examiner's Report to the Trustees of |
| Moray Inshore Rescue Organisation |
| I report on the accounts for the year ended 31 March 2026 set out on pages four to eleven. |
| 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. |
| Gordon Scott |
| The Institute of Chartered Accountants of Scotland |
| Gordon Scott |
| Chartered Accountants |
| Scottca Ltd |
| 34 Ferryhill |
| Forres |
| Moray |
| IV36 2GY |
| 7 August 2026 |
| Moray Inshore Rescue Organisation |
| Statement of Financial Activities |
| for the Year Ended 31 March 2026 |
| 31.3.26 | 31.3.25 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities | 2 |
| Investment income | 3 |
| Other income |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 109,558 |
| Moray Inshore Rescue Organisation (Registered number: SC307007) |
| Balance Sheet |
| 31 March 2026 |
| 31.3.26 | 31.3.25 |
| Unrestricted | Restricted | Total | Total |
| funds | funds | funds | funds |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 8 |
| CURRENT ASSETS |
| Debtors | 9 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 10 | ( |
) | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 11 |
| Unrestricted funds | 109,558 |
| TOTAL FUNDS | 109,558 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006. |
| 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. |
| Moray Inshore Rescue Organisation (Registered number: SC307007) |
| Balance Sheet - continued |
| 31 March 2026 |
| 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 |
| Moray Inshore Rescue Organisation |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2026 |
| 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. |
| Plant and machinery | - |
| Taxation |
| 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. |
| 2. | OTHER TRADING ACTIVITIES |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Fundraising events |
| Moray Inshore Rescue Organisation |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 3. | INVESTMENT INCOME |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Deposit account interest |
| 4. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Depreciation - owned assets |
| 5. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025. |
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted | Restricted | Total |
| funds | funds | funds |
| £ | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| Other trading activities |
| Investment income |
| Other income |
| Total |
| EXPENDITURE ON |
| Charitable activities |
| Other |
| Total |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward | 110,608 | - |
| TOTAL FUNDS CARRIED FORWARD | 109,558 | - | 109,558 |
| Moray Inshore Rescue Organisation |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 7. | TRANSFER BETWEEN FUNDS |
| The transfer between funds relates to the reallocation of fixed assets, including those bought with restricted donation. Also agreed with funder, due to covid restictions, to set grant brought forwards against training costs in previous years, |
| 8. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2025 and 31 March 2026 |
| DEPRECIATION |
| At 1 April 2025 |
| Charge for year |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 March 2025 |
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.26 | 31.3.25 |
| £ | £ |
| VAT |
| Prepayments |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.26 | 31.3.25 |
| £ | £ |
| Accrued expenses |
| 11. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.4.25 | in funds | 31.3.26 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 106,975 | (2,426 | ) | 104,549 |
| Boat and equipment | 2,583 | (724 | ) | 1,859 |
| (3,150 | ) |
| TOTAL FUNDS | (3,150 | ) | 106,408 |
| Moray Inshore Rescue Organisation |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 11. | 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 | 15,888 | (18,314 | ) | (2,426 | ) |
| Boat and equipment | - | (724 | ) | (724 | ) |
| ( |
) | (3,150 | ) |
| Restricted funds |
| General Resticted | 4,000 | (4,000 | ) | - |
| TOTAL FUNDS | ( |
) | (3,150 | ) |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.4.24 | in funds | 31.3.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 98,998 | 7,977 | 106,975 |
| Boat and equipment | 11,610 | (9,027 | ) | 2,583 |
| 110,608 | (1,050 | ) | 109,558 |
| TOTAL FUNDS | 110,608 | (1,050 | ) | 109,558 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 27,436 | (19,459 | ) | 7,977 |
| Boat and equipment | - | (9,027 | ) | (9,027 | ) |
| 27,436 | (28,486 | ) | (1,050 | ) |
| TOTAL FUNDS | 27,436 | (28,486 | ) | (1,050 | ) |
| Moray Inshore Rescue Organisation |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2026 |
| 11. | MOVEMENT IN FUNDS - continued |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.4.24 | in funds | 31.3.26 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 98,998 | 5,551 | 104,549 |
| Boat and equipment | 11,610 | (9,751 | ) | 1,859 |
| 110,608 | (4,200 | ) | 106,408 |
| TOTAL FUNDS | 110,608 | (4,200 | ) | 106,408 |
| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 43,324 | (37,773 | ) | 5,551 |
| Boat and equipment | - | (9,751 | ) | (9,751 | ) |
| 43,324 | (47,524 | ) | (4,200 | ) |
| Restricted funds |
| General Resticted | 4,000 | (4,000 | ) | - |
| TOTAL FUNDS | 47,324 | (51,524 | ) | (4,200 | ) |
| 12. | RELATED PARTY DISCLOSURES |