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HOPE COVE LIFE BOAT

Registered charity 1140126 · accounts filings on the Charity Commission register · also known as H.C.L.B.

The charity relies on donations in order to carry out its main objective, which is to provide a lifeboat for the protection of the general public. The charity also carries out fundraising events and sells clothing in order to raise additional funds.

Causes: General Charitable Purposes · The Advancement Of Health Or Saving Of Lives · website · Get email alerts

Latest income
£76k
Latest spending
£89k
Registered
2011
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity incurred a net loss of £13,191 for the year ended 31 December 2025, compared to a surplus in the prior year. Per the trustees' report, total funds held decreased to £227,103, with unrestricted reserves of £199,863 held in bank accounts. The trustees consider it necessary to hold reserves of approximately one to two years' worth of income to meet objectives and maintain the lifeboat.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Fundraising cost ratio: 45.4% of fundraised income, as disclosed
“Total funds raised from these sources was £22,201 (2024: £21,860). Total costs were £10,082 (2024: £10,405).” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: one to two years’ worth of income (held: £200k)
“The trustee directors therefore consider it necessary to hold funds amounting to approximately one to two years’ worth of income in order to continue to meet the charity's objectives for at least one year”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — Hope Cove Life Boat (matched by registered charity number).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Devon

Income and spending

Financial year endIncomeSpending
31/12/2025£76k£89k
31/12/2024£94k£64k
31/12/2023£82k£49k
31/12/2022£61k£61k
31/12/2021£60k£51k

Common questions

Is HOPE COVE LIFE BOAT financially healthy?

Per its FY2025 accounts: The accounts state that the charity incurred a net loss of £13,191 for the year ended 31 December 2025, compared to a surplus in the prior year. Per the trustees' report, total funds held decreased to £227,103, with unrestricted reserves of £199,863 held in bank accounts. The trustees consider it necessary to hold reserves of approximately one to two years' worth of income to meet objectives and maintain the lifeboat. Its FY2025 accounts were independently examined.