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CAISTER VOLUNTEER LIFEBOAT SERVICE LIMITED

Registered charity 262126 · accounts filings on the Charity Commission register · also known as CAISTER LIFEBOAT, CAISTER VOLUNTEER RESCUE SERVICE LIMITED

The public benefit, for the prevention & saving of life at sea, on the foreshore or from water by the acquisition, fitting out & maintenance of lifeboats, and the provision of a rescue service to operate from Caister in the county of Norfolk.

Causes: Education/training · Other Charitable Purposes · website · Get email alerts

Latest income
£644k
Latest spending
£358k
Registered
1971
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity generated a surplus of £286,229 for the year, with total income of £644,407 and total expenditure of £358,178. Per the trustees' report, the charity maintains free reserves of £716,046 and considers its finances to be on a sound basis, with no stated reserves policy target against which to measure adequacy. The trustees confirm that resources are adequate to continue as a going concern with no material uncertainties identified.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Legacies (64% of income)
“The total income amounted to £644,407 (2023 - £565,784) of which £410,480 (2023 - £297,850) came by way of legacies.”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: minimum level of reserves to manage the risk of a downturn in fundraising income (held: £716k)
“The charity maintains a minimum level of reserves to manage the risk of a downturn in fundraising income without detriment to the life saving services provided.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Lovewell Blake LLP. Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — Caister Volunteer Lifeboat Service (matched by registered charity number).

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£644k
Total spending
£358k
Cost of raising funds
£64k
Reserves (reported)
£716k
Employees
0

Reported reserves equal ~24.0 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, cost of raising funds: 9.9% of total income — above the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Norfolk · Suffolk

Income and spending

Financial year endIncomeSpending
31/12/2024£644k£358k
31/12/2023£566k£309k
31/12/2022£279k£244k
31/12/2021£1.1m£180k
31/12/2020£190k£219k

Common questions

Is CAISTER VOLUNTEER LIFEBOAT SERVICE LIMITED financially healthy?

Per its FY2024 accounts: The accounts state that the charity generated a surplus of £286,229 for the year, with total income of £644,407 and total expenditure of £358,178. Per the trustees' report, the charity maintains free reserves of £716,046 and considers its finances to be on a sound basis, with no stated reserves policy target against which to measure adequacy. The trustees confirm that resources are adequate to continue as a going concern with no material uncertainties identified. Its FY2024 accounts were audited by Lovewell Blake LLP.

Who funds CAISTER VOLUNTEER LIFEBOAT SERVICE LIMITED?

Funders whose own accounts filings name CAISTER VOLUNTEER LIFEBOAT SERVICE LIMITED as a grant recipient include WROXHAM & HOVETON LIONS CLUB CIO.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
WROXHAM & HOVETON LIONS CLUB CIOFY2023£500Rescue Services