Charity Regi8tration No. 1106111 IEngland and Wales} Company Reglstratlon No. 05182924 IEngland and Wale51 THE HYDROGRAPHIC SOCIETY UK ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE HYDROGRAPHIC SOCIETY UK LEGAL AND ADMINISTRATIVE INFORMATION Chalr M Potsle Vice Chair VaGant Honorary Treasurer T Broomfield R•glonal Dlroctorg Easl Anglla Southern South Wesl North Wesl Th8 Hydrographic Sociaiy ol Ireland The Hydrographic Socieiy of Scotland T 8uxlon M Poole D P8fker C Almond S Cullen S Canning Middle Easl Intgrnauonal Region suspended April 2017 G Johnston Slud•nt & N•w Graduats O Fo(Jlds Elected Dirlctori I P Slade O Foulds L Flood K Gaffney S Klockova J Dillon-Leel¢h Trusteès C Almond M Beloeil-smith T 8roomli8ld T 8uxlon S Cannln9 J Dillon-Leetch L Fergu50n L Flood O FoLJlds K Gaffney G T Johnsion S Klockova F Mcgrath D Parker MAPWI M Richards E Schaeper IAppoinlod 16 May 20241 (Appointed 28 May 20251 IApptsinl8d l Juntr 202SI (Appoinled 16 May 20241 IAppoinled 16 May 20241 (Appointed l June 20251 (Appoinled 28 May 20251 IAppoinled l June 20251 Honorary Secretary Va¢ant Charlly number (England and Wales) 1106111 Charlly numbgr IS¢ollandl SC049662 Company number 05182924
THE HYDROGRAPHIC SOCIETY UK LEGAL AND ADMINISTRATIVE INFORMATION Raglstorod offl Senate Court Southernhay Garden5 Exeter DevL>n EX1 1NT Ind•yndont gxamlnor Sirnpkins Edwards LLP The Summit Woodwater Park Pynes Hlll Exeter EX2 SWS Bankèr8 Nalwest Bank plc 14 Old Town Siraal Plymouth PL1 1DP Soli¢itor$ Fogt Ansley Sttnat8 C¢urt Soulhernhay Gard¢n$ Exeter Devon EX1 1NT
THE HYDROGRAPHIC SOCIETY UK CONTENTS Pagg Trustees. report Ind8P8nd8nl 8xatnln8rfs report Statement of lin8n¢ial activltios Balance sheet Nolas lo Ihe flnanclal $lalem&nls 7-14
THE HYDROGRAPHIC SOCIETY UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Th8 Truste8s pr85ent Iheir report and linanual statem8nis for the year 8nded 31 March 2025. The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81 slatetnenls and cotnply wilh the Society's go¥eming docutnent, the Cotnpanies Act 2006. the Charities and Tiustee Inveslrnent jscotlandl Act 2005, the Charities Account5 iscotlandl Regulations 2006 las arnendedl and 'Accountlng and Reporting by CharSkn'es,' Slalemenl of Recomm8nded Practice applicable to chariti85 prep8ring their accounts Sn accordance wilh the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (effective 1 .IAniJAry 2n191'. Oblo¢tlv•$ and a¢tlvlOè$ Th8 objectives of the Society ar8 lo promote Ihe scienGe of surveying al sea and related SGi8nGes. Thg SoGiety a15Q sorvcs ta provide a channel for the exchange ol information betrNeen those engaged or inlerested in seabed surdey and rololod scien¢o8. The objectives are mel by providing members with a quarterly magazine Soundings. e-Bulletins. the use of Linkedln, as w911 as by thè arranging ol saminas, conlgr8nc8s and other èvènts so that membais ¢an1garn ol now davalopmènl$ and exGhange ideas. Tho Tru$toos Iwho are alw Dir¢¢lgrs of Tho Hydro9raphi¢ So¢ioly UK for Iho purpo896 of company lawl havo giv¢n due consideration lo the Ch3rity Commission's published guidance on FblIC Benefit a5 required by the Charitie5 Act 2011 and the above activities are believed lo fulfil the Public Benefit requirements of the Society. Organls•tlon of th• So¢l•ty A lull-lirne Operations and Engagement Manager IOEMI managed the day-lo-day adrninislraiion of this charitable Company and we w8lcom8d a new Op8raiions and Engag8mènt Manager In April 2024 following th8 rèsignation of the previous in¢umbenl du& io personal rtt8sons. A Chief Exe¢ullve Officer, responsible lo the Board, is eonlra¢l$d on a freelance basis for one day a week. Strategic decisions afl8Cting company are made by the Board of Director$ al their regular meetings.
THE HYDROGRAPHIC SOCIETY UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achlevgments and perfomiance The Opèralior18 and Enyagemenl Manager. rogelhtsr with th& Internation81 Diiactor 811end&d Ihg International Federation of Hydrographic Socieli8s HYDRO 2024 confer8nce that was h81d in Rosloek, Germany in Nov8Mb8r 2024. Al th8 close of the conferen¢e they received the HYDRO Plaque 8$ the Society will hosl the next HYDRO conference in th& UK In 2025. A wod<ing group has been In action lo identify and secure a suitable dale and venue for the conference and invite submissions for presentations and funding through exhibitions and sponsorship. Arrangements are well adVand lor this event that is scheduled lo lake place in Liverpool beiween the 28th and 30th Oolober 2025. Following the success of the Remote Hydrography Conference and Exhibition in Dublin in February 2024 a strategio plan vias dgveloped wllh the alrn of becomlng cosl-neulral wllhln Ihrae years. &xcludlng incomg from confer8n¢es and 8vgnls organised by the Society. The plan was approved by the board in March 2025. Al o r9gSonal lev91 Ihfj 6 Bron¢hes ol Ihe Socifjly have ntinu9 lo hold regular 10¢01 M$¢ng$ in a rang9 of diff9ronl formats. The Norih Wesl Branch, re-formed last year with regular social events, held their first technical presentation evening in November 2024. The Scotland 8ranch continued as the most active region and welcomed 90 delegates to their annual Hydrolesl evenl. Th8ir mg9ling program also included a 'super sumrnor so¢i81' event at the end of August lo which members al the Society of Underwater Technology ISUTI were also invited and saw over 50 allendees. The Southern Branch also partnered with the SUT lor Ihar annual evening technical joint meeting at the headquarters ol the Royal Inslilule of Chartered Surveyors in central London. Tho Ihemtr of Unexploded Ordnancts proved lo ba tsxlrtsmely popular and the event. held in the RICS lecture hall, was a sell-out. The East Anglia Branch annual quiz al the end ol November vi8s very well attended gnd Ihe South-wesl Branch have mginlained their regular meetings prograrn and Ihe Irish Bran¢h hav¢ primarily been acliv& via onlin¢ ov¢nls 8nd conlinuod lo be supported by INFOMAR. The 8Driely G?nlin(Jes lo reGognis? and sUPPDrt new 18lenl, bDth al rpgional Ipvel 8nd oenlrally. gnd Ihp 2024 winner of the annual Alan Ingh8m Awaid went on to win ihe Inlernalitsnal Federation ol Hydiographic Sociglies award and presented her paper al HYDRO 24 in Roslc¢k. Several branches held sludenl-focused meetings this year a1 the annual schoo15 event in S¢g11ond introduced over 300 pupils aged 11-14 lo Hydrographic Surveying. The Hydrogrophi¢ Piolessionol A¢crgdilalion Schgme IHPASI has gxpgrienced Steady growth In 2024125 with s cumulalivg lolal of 45 Successful candidates and 13 llffilte appliconts. The Society cOn'nUeS Lo promote and protect the hydrographic profession and submitted a response lo the April 2025 call for evidence frorn the Joint Comrnitlee on the National Security Strategy around the security Ihreal to Undersea Cables. Thg rgspons9 hlghllghl¢d Ihg $hcrtfall In gducalion ond Iralnlng In hydrographic survgylng and was publish¢d as wrllt9n vid8nrp nn IhF* rBlpvAnl UK parli8m8nl wftb Financial review The nel delicil for the year was £14,39112024'. £15,133 5urplusl. After deducting this frorn the accurnulated funds brought forward of £168,868 {£153,145 unrestricted funds and £15,723 restricted lundsl. there is a balance of reserves ol £ 154,477 to cairy forward within the Society. This consist¥ ol £143,551 unr8stricl8d funds and £10,926 reslricled funds. Following Ihe previously reported reduction in mernbership numbers. this reduction has stobilised ond nunkners hove increased in both individuals 8nd corporaie rnernbers, this is Ihrough the dedicated work of the OEM. The ptslicy ol th9 charity 18 that unrestiiciI fvnds, which h8ve not bgen de8ign81gd for a specific puiptsse. should bg maintained at a level equivalent to at least one and a haw times its annual operaling costs- currently £150,000. This policy will allow the Society a reasonable lime frame in which ID find additional funding, or wind up the charity, il the need should arise and also fflakes alloance for th8 occasional poor perfDrmance ol an 8V8nt run by the SocI8ty. Under the Metnorandurn and Articles ol Association the Charity has ihe powgl 10 rn8ke any investm8nt which the Truslees see fit. Surplus funds are at presenl held on short ierm de?osit.
THE HYDROGRAPHIC SOCIETY UK TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure. 9ovemanc• and management The Irusl&&s. who ar8 also th6 dir&¢lors lor tho purposè of company law. and who served during ihe year and up lo th8 date of signatur8 of the financial 8lat8m8nts wer8.. C Almond M Beloeil-smilh T Broomfield T Buxlon S Cannin S Cullen J Dillon-Leelch L Fèrgu8on L Fl<Jod O FDulds K Gaffney G T Johnston S Klockova F Mcgrath D Parker l A Poole L Raml RHR8ad l Richards E Schaeper I S18de IAppointed 16 May 20241 IAppoinled 28 May 20251 (Resigned 21 July 20251 IAppoin18d 1 June 20251 {Appoinled 16 May 20241 IAppointed 16 May 20241 IAppointed 1 June 20251 IReslgn8d 22 July 20241 IR8signed 22 July 20241 {Appoinl8d 28 May 20251 {Appointed 1 June 20251 IReslgn8d 21 July 20251 Thè Irusl88$' réport was approved by th8 Bo8rd of Trusl888. M A Pool• Trustee Dated.. 23 December 2025
THE HYDROGRAPHIC SOCIETY UK INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HYDROGRAPHIC SOCIETY UK I report lo the tru5lee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 Th8 Hydrographic Soci81y UK (the Society) lor the year ended 31 March 2025. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe trustoes ol tho Society land also Its directors for the purposes of company lawl, you are responslbl8 for the pr8paralion ol lh8 lina1 slal8m8n15 in accordanc8 with the r8quir8rn8nt5 01 lh8 Cotnpani85 Act 20J6. Having $8li$fied myself that the finan¢ial statements ol the Society are not required lo be audited under Part 16 of the Companies Act 2006 and arè eligible for independent èxamination, I rèport in resp6cl of My exarrination of the Society's financial slalemenls carried out under section 145 of the Charities Act 2011. In carrying out my exarllination I ha08 lollow8d the Direclions given by the Charity Comrnission under section 14515llbl of the Charities Act 2011. Ind•ndent •xamln•r's statom•nt I have complcted my examination. I confirm that no rnarters have corne to my atlenkn'on in connection wilh the examination 9iving ma causg lo beliav$ that in any matarial raspècl.. accounting records were not kept in respect ol the Society as required by section 386 of the Companies Act 2006. the financi81 statements do not ac¢ord with those records., or the fir)anclal statèments do not comply with thè aCUntIng r8qulr8ments of section 396 of th8 Companies Aet 2006 other than any requirement trat the fi'nancial slalements give 8 true and fair view, whieh is not a matter Considered as part of an independent exarnination,. or the financial stalernent5 have nol been prepared in accordance with the methods and principle5 01 Ihe Stalernenl of Recommende¢ Practlce for ¥¢vnI1n9 and reportln9 by charSbes appllcable 10 ¢harllSes preparlng Ihelr flnanclal $talgmenl$ in accordanc? with the Financial Reporfing Standard applicable in the UK and RepuS1ic ol Ireland IFRS 1021. I have no concerns and have come across no other matters in conneC.0n wilh the examination lo which attention Should be drawn in thi$ report in ord¢r to gneb19 a propor understanding of thg finan¢i81 slgtoment$ to be ree¢h?d. 8lmpklns Edwards LLP The Siimmit Woodwater Park Pyn88 Hill Ex8ter EX2 5WS 23 December 2025
THE HYDROGRAPHIC SOCIETY UK STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•stri¢tsd Restri¢t•d funds funds 2025 2025 Total Unro8tri¢tsd Re8tri¢l*d fund8 funds 2024 2024 Total 2025 2024 Notes Incom• from= Charitable activibe5 Inveslments 106.889 4.037 106,889 4,058 173,446 4,041 173.446 4.193 21 152 Total Incom 110.926 21 110,947 177,487 152 177.639 Expenditure on: Raising funds Charitable activ85 19,954 100,300 19,954 105,384 12.355 146,901 12,355 150,151 5,084 3,250 Total •xptsnditurn 120,254 5,084 125,338 159,256 3,250 162,506 Net Incomellexp8ndStur&l 19,3281 15.0631 114.3911 18,231 13.0981 15.133 Transl8rs b8fv488n lunds 12681 286 N•1 mov•mant In fund$ 19,5941 14,7971 114,3911 18,231 13,0981 15,133 Reconclllatlon of funds.. Fund balaiic#s al 1 April 2024 153,145 15,723 168,868 134,914 18,821 153,n5 Fund balanc•s at 31 Mar¢h 2025 143,551 10,926 154,477 153,145 1S.723 168,868 The slalement ol financial activities includes all galns and lossas recognised In th& year. All Income expendlture derfve from continuing aclivilies.
THE HYDROGRAPHIC SOCIETY UK BALANCE SHEET AS A T 31 AIARCH 2025 2025 2024 Not9¥ FlxÈd 8gse18 Tangib18 asse18 10 494 763 Currènt a88•t8 Stocks Debtors Cgsh al bank and in hand 11 12 1.239 33,839 186,339 23.934 194,191 221.417 218,125 Creditors: amounts falling due within one yèar 13 187.4341 N•t ¢urr•nt a88•ts 153,983 168.105 Total assets less current Ilabllltles 154,477 168.868 Th• fund8 of th• Socl•ty Fteslricled income funds Unrgslrlctgd lunds 15 16 10,926 143,551 15,723 153,145 154.477 188.868 Th8 company Is èntllled to thè 8xemption Imm th8 audlt rèqulrem8nt contalned In $8ctlon 477 01 the Companias Act 2006, lor the year ended 31 March 2025. The directors acknowl&Jge their responsibilrties lor complying with th8 requirements of the Companies Act 2006 with respect lo accounting records and the preparation ol linancial statements. The m$mbers hav¢ nol requirgd the ¢ornpany lo obtain an audit of its financial sl¥lgn)&nls for the year in quoslion in ccordance with section 476. These financial slalernonls have prepared in ae¢ordan¢8 ¥vlth Ihe provlslons appll¢aole lo Companies 8ublecl lo th8 small companies regim8. The lingnGio1 $1gtements were gpproved by the truslees on 23 De¢qnber 2Q25 l A Poole Trust••
THE HYDROGRAPHIC SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountSng pollcle8 Ch8rity infowmation Th8 HydrO9raPh Soci8ty UK 1$ a regisl•r8d charity and privat8 cornpany limit•d by guarant88 Sncorporal8d in England and Walés. Th• r8gls18rèd offu is S8nal8 Court, South8rnhay Gardans, Ex8tèr, Devon, EX1 1 NT. 1.1 Accounting conventlon Th& financial stal&mènts hav8 b88n pr8parèd in aceordanc& ivith lh8 SoeA&ty'S 9ovarning document, th8 Compani&E Act 2006, the Charities and Trustee Inwestment (Scotlandl Act 2005. the Charitie5 Accoun15 Iscouandl Regulab'ons 2006 las amended), FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland I'FRS 102,1 and the Charities SORP 'AccOun.ng and Reporting by Charities.. Statement of Recommended Practice appllcable lo ¢harS1iès prep8rSng thalr accounts in 8¢¢0rdanc8 Wlth Ihe Flnanci81 Roportlng Standard appllcablè In the UK and Republic of Ireland IFRS 1021" leff8Ctive 1 January 20191. The Society is a Public Benefit Entity as defined by FRS 102. Th8 ¢IetY has lak8n advantag8 ol th8 provisions in th8 SORP lor charillas not to prapare a Slalemant of Cash Flows. th8s8 Ilnanclal stat8m8nts ¥8 round8d to thè n8ar8St £. Th? lin8n¢io1 Stolements ho'le been prepared under the hisloncal cost ¢onvents'on. The prin¢ipo1 ac¢ounlin9 policies adoplgd are sel oul below, 1.2 Golng ¢on¢gm Al the lirne of approving the financial slalernenls, the Iru51ee5 have a re850nab1e expectation that the Society h85 ad8qual8 r8sourc8s to continu8 in operational 8xist8nc8 lor th8 foresè8abl8 futur•. Thus th8 trustèès conlinu8 to adopt tha going concèm basls ol accountlng in preparing thè financL41 stalemants. 1.3 Ch8rlt8blo fund$ Unre51ricled funds are available for use at the discrellon ol the Iruslees In further8nce of their charllable objeGllves. Restricted lund¥ are to provide assistancg specifically lor slud8nl hydrographic Su9Y0 and Iho$8 al tho outS8t of their careers. 1.4 Incornlng resourc•8 In¢ome is recognised when Ihe Society is legally entitled lo il after any perfomance condrtions have been mel, the amounts ean b• i)easurèd 14liably. and il is probsblo that incom• will b• r&cèiv•d. Cash donations are recognised on receipt. Other donation5 are recognispd once the Sociely ha5 been notified of the donation, unless perforrnance conditions requi deferral of the amount. Income tax recoverable in relah'on to donations rgceiv8d under Gift Aid or d£eds ol covenant is r8LJgnised at ihg lirn8 of Ihe donati. Membership subscriptions Ix)mprise the appropriate proportion of subsciiptions received lor the year by The Hyrlrographic S(tiely UK relaling lo the period commenang 1 April. Subs¢riplions received in advance ol the year lo which they relate ar8 carried forward as deferred income. Incorne received in respect of advertising on the website and in newslelters, evenls or similar Income is recognised within incorning resources in the period in which the newsletter 15 published, the event takes place or on such other basis as is applicable lo thg incoma concarnèd. Inleresl 18 induded when re¢eivable by the Society.
THE HYDROGRAPHIC SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl 1.5 Resources expethdod Resources expended are included in the Statement of Finanual Aclivifr'es on an accruals basis. Gran15 payable are reci)gnised when paid. Op9rating leasg rgnlals arg charged lo thg Slatgrripnt ol Financial Aclivitios as in¢urr9d ovgr Ihp tgrms of Ihg Ipasg Charitable expenditure In¢le$ all expenditure directly related to the website and supply of newsletters to members, plus th8 costs ol arranging conleren¢gs. Sgminats and oth8r events at which tnernb&rs can learn abtsul new development5 and exchange ideas. It also Includes expenditure relating lo the admni5tration ol the charity. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequenly measured at cost, nel ol depreciation. D¥pi¥Lialioi) ib 18ioyi)i¥¥¢J sts as Its Wri urr ilitr cu¥1 ul Èi¥s¥l$ l&ss tl)¥ii i¥¥idual valu¥s uv¥r Ilitrir us¥lul liv¥¥ or) Ili¥ lollowlng bas8s'. Computers 250k per annum on cost The 9aln or loss arlslng on the Jlsposal of an ass Is determlned as the cllfference between the sale proceeds and the ¢errying value of lh¢ 95sel, ond is rew9nised in Ihe slolement of linanGio1 o¢liviti¢s. 1.7 stocks Stocks are slatad at th• lowèr ol cost and 8slirnal8d salllng. Cost compri58S th8 purchas8 pric8 of brandad goods lor re¥1, Iteiiiy Iield lur dl¥lrlbulluii Iiu ur IlUlTilii416uii¥l¢J¥rullL)11 are IilWd¥ufeLI ¥t ttie luwer ul repldbeiii¥iil w¥1 dri cost. Nel reallsablè valu& Ss th• 88limaléd selllng prlee18s8 all 6$llmal6d eosts ol eoryJl8ilon and ¢0818 lo be Incurrèd in marketing, selling and di$lribulion. 1.8 Cash and cash equlvalent$ Cash and cash equivalents Include cash in hand, deposits held at call wth banks, other short-term liquid investments with ori9inal malurilies tsf three months or less, and bank overdrafts. Bank overdrafts are shown within trrowIng$ in current liabilits'es. 1.9 Flnanclal Instrum•nt¥ The Society has elecled lo apply the provisions of Section 11 'Basic Financial Inslrurnenls, and Section 12'01her Financial Instrutmenls Issues, ol FRS 102 to all of rts financial instruments. Financial instriirnents ar8 recogni58d in th8 Society's balance sh88t when the Society become5 party to th8 contractrial provisions of Ihe instrument. Financial assets and liabilities are offsel, with the net arnounts presented in the financial slaternents, when there is a legallv enforceable right lo sel off the recognised amounls end ther¢ is an intention to settle on a net basis or lo re8lise th8 asset and séttlè ihg liablily $imultanaously.
THE HYDROGRAPHIC SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting policies Icontinutdl Basie financial •J*ets Basic financial assets, which include debtors and cash and bank balenc£s, are inili£lly meaSUd at transaction price induding Iransadion wsts and are subsequently ¢arrigd at amortis8d ¢osl using th& 8ffe¢tivg inlertrst method unless the arrangement constitutes a linanGing Iransaclion. where the transaction is rnea5ured al the present value of the future reip1S discounted al a rnarkel rate of interest. Financk?l assets classified as receivable within one year are not amorti99d. Basic financial liabilities Basic finanei81 liabilities. inclLJding credilors and bank loans are initially recognised ot transa¢lion pri¢e unless the arrangement conslilut8s a financing transaction, where the debt inslrumenl is measured al th8 present value ol the future payments discounted at a market rale ol interest. Financial liabililies classified as payabl8 within on8 year ar8 not amortis¢d. Trade cr8dltors ar8 obligations to pay for goods or s•NIc8s Ihat hav8 bè8n acqulr8d In th8 ordlnary course of operations from suppliers. Amounts payable gre cLgssilied as current liabilities il payment is due wrthin one ye8r or less. 11 not. they are presented as non-current liabilities. Tr8d8 creditors are recognised initially at transaction price and subsequently measurèd at amortlsed cost using 1fr18 èff8ctivè inlarèst rnelhod. 1.10 Rèllr•mont bèn•fli8 paYnIS lo defined conlritrAtlon r&tirgmenl bongfil $¢hemes are ¢h¥r9&d as an expgnse as Ih9y fall du$, Charbtable aCtitIe Charltsbl• Incomè Charltoblg Incame 2025 2024 Hydrofesl- Scoland Annual Mambers Dlnn8r- Scotland Meeting collecticffls Remote Hydrography SUT IDinl samin3r Social and olh818vtrnts Mgmbership 5ubscription5 2,735 36,777 2,441 2,613 1,245 4,244 56,834 25,415 85.234 4,072 3,630 50,525 106,889 173,448 Investments Unr&strlctod fund$ Restrfctod funds g•noral 2025 Total Total 2025 2025 2024 Interesi recgivable 4,037 21 4,058 4,193 For th• y•ar èndèd 31 March 2024 4.041 152 4.193
THE HYDROGRAPHIC SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendltur6 on ralslng fund3 VnrÈgtricted Unr•9trictèd funds lunds 2025 2024 Fundraising and publicity Soclely n&wsl6tt¢r Society events Cost ol ooods sold School event5 13.383 3.529 460 2,582 G,813 4,1E9 1,473 19,954 12.355 Exp•ndltur• on char5tabl• actlvltl•8 Charitable •xptnditurtr 2025 Charitabl• oxynditure 2024 Direct COSts Staff costs Depreciation impairrrenl Hydrolesl- Scoland Annual Members Dinner- Scolland Meéting Costs Remote Hydrography SUT seminar IFHS levy an¢J asso¢Salgd mgmbgrshlp $Ubs¢rfptl¥ Bank ¢horges Insurance Sundry costs Postage, SIa.0nery, tel&phce and intern81 Travtrl and accomrnodalion Servi¢es Wgbsite costs ALJdlt l¥¥s Accountancy lee8 Legal and prole55ional fees Bad debts 27,22S 269 4.523 26,163 3.853 464 1.490 4,290 99 1,861 4,322 19S 1,662 15,300 2.704 27.433 549 3,754 21,886 6,038 41.147 4.044 3.733 2,50S 2,089 2,307 342 1,777 20,201 3.751 4,)0 4,fA)O 240 13,9951 J.250 5.640 240 Prti•$ 5,084 105,384 150,151 Analy51s by fund Unre51ricled funds Restricted funds 100,300 5,084 146,1 3,250 105,384 150,151 10-
THE HYDROGRAPHIC SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Net movernent In funds 2025 2024 Th? net movamenl in fund$ 1$ ?taled after chorgirngllcredilingl,. Fges payable lor the independent gxaminalion of Ihg charity's linanri81 sl81gm8nls 1,500 269 Depreciation of owned tangible fixed assets 549 TrLb$t••s None ol thè truslges lor any p8rson5 connactad with thaml rgc8Iv8d any rarnunoration during the ygar. One trustee as rgimbur3ed uxpen8ea ¢otulling £34 In relatson to evenl paid on behfjll ol the Gharitablg Gofflpany12024.. 2 trustee reimbursed £1,864). Employ••8 Th8 avgr8ge monthly nurnber of employ988 during the y8ar wa8.. 2025 Numb•r 2024 Numb•r Employm•nt ¢0$18 202$ 2024 Wages and 88laiitss Recharge ol wages to as$oci8l&d company Other pension costs 55,939 130,5721 1,858 25.34T 27,225 27,433 There were no 8plOYeeS whose annual rernuneralion was more Ihan £60,000. R•mun¢ration of k•y manag•ment pgr¥onnel K#y manag#m#nt compriss the Charivs fr81anc8 Chitrl Exocutiv# Offlcar. Thè remuneration of key rnanagemttnt per80nnel is as follows. 2025 2024 Aggregate compensation 15,30D 19,800 Taxatlon Th& Sociells aetivitias a8 a registered charity fall within the exemption8 afforded by thè provisions of the In¢om8 and Corporation Taxes Act 1988. Accordingty. there is no laxalion charge in these accounts. 11
THE HYDROGRAPHIC SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Tanglble flxed assets Compulers Cost At 1 April 2024 Disposals 5.44fj 12)01 At 31 March 202J Dopr•¢latlon and Impalrmènt At 1 April 2024 Dèpreciation ¢harged in the year Elirninaied in r&sp&ci ol QisF08al8 4,e83 269 12001 At 31 March 2025 4,752 Carrylng amount Al 31 March 2025 Al 31 March 2024 763 11 Stoeks 2025 2Q24 Goods lor resale 1.239 12 D•btors 2025 2024 Amounts falling due within one year.. Other dèbtors Prepaytnenls and accrued income 6.800 27,039 20.202 3,732 33,839 23,934 13 Cr•dllors'. amounts falllng du¥ wlthln on• y•ar 2025 2024 Nol•• Olhar taxotion and social sg¢urily Deleried income Other creditors A¢crLJ81s 2.838 $8.242 654 5,700 4.863 28,108 6,233 10,81 14 67.434 50.020 12-
THE HYDROGRAPHIC SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Delerred 5ncom& 202S 2024 Membership subscriptions and future events 58,242 28,108 15 RestTl¢ted funds The income funds of the charity include reslricled ndS comprising the following unexpended balances held on trust for sp9¢ifi¢ purpo$&s'. Mo¥•m•nt In lunds Incomlng Ré80urt88 r8¥our£e expended Balanco at 1 Aprll 2D24 Tran818r8 Balanc• at 31 Mah 2021J UK Educallon Fund Scolland Edu¢¥lDn Fund 11,591 4,132 16651 14,4191 10,¥26 21 266 15,723 21 15,0841 10.926 Both the UK and Scottish Regions have reslricled fund balances lo be used lor the purposes ol education of tho58 in the field of hydrography. Uiiirotrirted fuT•LI8 Th& unreslri¢led funds of the charity Comprise unexpended b813n¢es ol ¢h8ri18blg acti110$ whieh a not subj8¢1 Ic> specific conditions as lo how they may be used. Al 1 Aprll 2024 In¢omlng r•sourc•8 Tran8fern Al 31 March 2025 •xpèndod General fund¥ 153,145 110.92fj 1120,2541 12661 143,551 Pr•vlou$ y*•r'. At l Aprll 2023 In¢ornlng resources Ro$our¢o$ expended Tran$f•rs At 31 Marrh 2024 General funds 134.914 177,487 13-
THE HYDROGRAPHIC SOCIETY UK NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Analysls of net assets between fund Unrostricted lund8 2025 R•$trictsd funds 2025 Totthl 202S At 31 March 2025- Tangible gssels Current assetsl{Iiabilitiesl 494 143,057 494 153,983 10.926 143,551 10.926 154.477 Unr•$trictod funds 2024 R•8tri¢tsd funds 2024 Total 2024 At 31 March 2024: Tangible assets Current 8sstttsllliabililiesl 763 152,382 763 168,105 15.723 153,145 15,723 168,868 Sufficient funds are held in an appropriate form lo enable e8rJ) fund lo fulfill 115 objectives, 14-
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