COMPANY REGISTRATION NUMBER: 05441492 CHARITY REGISTRATION NUMBER: 1110365 Waveney Sailability Company Limited by Guarantee Unaudited financial statements 31 December 2024 Waveney Sailability Company Llmlted by Guarantee Flnanclal statements Year ended 31 December 2024 Pago Tfustees. annual report (Incory)orakng the dlreciors. rnport) Independenl examlnefs report io the trusloes Slatement of flnanclal acllvllles (including income and expendllure account Balance sh¢el 10 Notes io th? financlal slaiemonl• 11 Waveney Sailability Company Llmlted by Guarantee Trustees. annual report (Incorporallng the dlrectors. report) Year ended 31 December 2024 The Iru8tee& vtho are also the dlractors for the purposag of company law. Pf68ent thelr feport and th unaudlted firt8rKlal 8tstements ol the charlty lor the ye8r ended 31 December 2024. The finandal slatefflents ha￿ tjeen prepared in accordance with tha accounting polides set out In notes to the accounts and comply wilh Ihe govemlng documenl. the Chadttos Act 2011 and C(Jmpanles Act 2006 and Accounllng Reportlng by Chodtl88: Statement ol ReconThnded Praclke appllcable to charllles PTeparfng thelr accounts In accordanca wlth Ihe Flnandal Reportlng Standafd appllcable In Iho UK and Republic of Ir•land publ1¥h￿ In Oclober 2019. R•f•r•nM and admlnl•trntlv• d•lalls R•glgt•rgd charlty nan Wavenoy Sellablllty Charfty r•glotrallon numb•r 1110365 Company rngl•lr•llon numbor 05441492 Prlnclpal offlM •nd rng18t0r•d S Velda C108e offlc• Lowesloft Suffolk NR33 9JH Th• tru•teo• The truBtses vtho Served durfng tho year and at the date of approval were as follow5: R H klorflng (chaIrff￿n) J R Blankley A H Roblnson Mrs J M Soard$ J P Oavls (reslgnod 1 Juty 2024 C Lathe M Wriqht Compary 8Kr•tary J R 81ankloy Ind•p•ndent •xamln•r Marf( Proclor FCA DChA Lovewell Blake LLP Chartered accounlants 8ankslde 300 Pe8chman Way Broadland Buslness Park NR7 OLB 8ankor8 Barclay8 Bank PIC 61 L4Jndon Road North Lowestoft Suffolk NR32 1LT Waveney Sailablllty Company Limited by Guarantee Trustees, annual report (Incorporatlng tha dlrectors, report) {coftdftuddJ Year ended 31 December 2024 Sollcltor8 Nicholsons LLP 23 Ajexandrn Road Lowesloft Suflolk NR32 1 PP Waveney Sailability Company Umlted by Guarantee Trustses. annual report (Incorporatlng the dlrectors. report) (Mndnuod) Year ended 31 December 2024 Oblectlv•s and acdvlllos The objocuves of the Chartty to prornole Fvjbllc benofil am: . a) To pTovld8 salllrtg far members wlth any dl8thW who {8ubsequently) re¢efvo adequate tralfilng and guldan(x to enable them lo sall ¥•lthovt 888lstance In any lorrn whalsoever. The 6010 exi*pllon belng pwually 8ighl•d and bllnd m•mb•r8 who may r¢c•l¥• Inslructton by rndlo whlle galllng un8ccompanl•d. - b) To pro¥ld6 salllng opportunllles lor peThJns whose spedal needs requlr• them to be accompanled al all Ilrne5. The lacllltie8 requlred WHI b• provlded when drGum8t8nces pemilL The Charlty conllnu8s lo dgvalop L8 associalion wllh the WOBYC and encourages membern lo parflclp8te In 8811ing events locally and al ollw Sallablllty centre8. Regular tralnlng ¢onllnue8. Publk bonofft In 80tting our pmgrafflrno of ovonts eath >*or we have regard lo the Charity Commlsslon's genernl gufdance on publlc benefit and en8ure Ihat aclMtIo8 undertaken we In Ilne wlth our charftable objec¢8 8nd Achl•v•m•nts and p•rfomn Slnc• Its In¢owatlon In May 2005 the Charfty vJnllnu08 lo expand1181188l ol 8poclally deslgned dlnghleg and, al th8 31sL December, It had trAelve Hansa Access dass dlnghles, one Swlb. Waveney hall- deckern. one RS Venturg Keel and a Pion8r Mulll Salety Boat. The Rotery Boathouse was ojmpleted and offlcl81ty opened In 2010 and cost £23,442 exdudlng Some slte Costs Ihat were charyed to revenue In earfier yearn. This cost Is belng depreci81ed over the perlod ol Ihe 1oa8e- 50 yearn frnm 1st June 2008. The annual deprKtsllon thorye18 sel ¢xrt In the notes to the ac¢ounl8. A membefs naw8letter, 'New8abiiiif was Intmduced In 2007 and conunues lo be publlshed severnl Ilm88 8 year, and dlstrlbuted to fflen￿. ￿Ul￿tea￿ and 8UPPOrters. A monw Mardle (get together) of mefflbers has conunuod thrfng the non48lllno months of November lo Aprfl, b glva member8 and volunieels the OPP¢fiunlty for 81xlal reactlon wllh each olh¢r at th18 Ilme. We WIU also continue our 8dditlonal saillng evenls. Taklng part in the WOBYC Oulton Week Regatta, r8clng on 3 days. a￿1 lfflplementing a naw sallSng regatta for our members durlng the stvnmer and also hostSng a Salllng Day for BLESMA (Llmbless Ser¥lce Personnel). We ¢ontlnued 'Up the Rlver Oay, when membern were abl8 to $811 up the 8roBd for a longer peTSod of Uffle. Th81888 able and somo ol our helpern and ¢arern were laken in Ihg Waveney Slaldust (a Crulser wlth accessible facililies) up the rlver. 11 has been mosl successful to Indude Ihese events agaln thls year. There conllwed to be mosl of th8 usual expenses for Ihe year, of In8Uf8nce8. Renl and Rates, some rfver talls. and a certain omounl of maintenance we conllnued lo be extrefflaly well supported by a nufflber of sub51anlial donations. The legacy recelved In 2021 enabled us to add another Waveney lo our fleel. We also re¢elved a slzeable (Intefkn) legacy al th8 end of the year and our finances are now on a very fimi Waveney Sailability Company Limited by Guarantee Trustees. annual report {Incorporatlng the dlrectors. report) {c•nth Year ended 31 Decernbor 2024 Flnanclal rèvlow There was 8 net £2,026 ol fur#ls durir8 th6 year and bank balances Stand at £93.976 on 31st Oecember 2024. Despite thls wffi(xv. the Trusleos we aware that annual inctima $I￿uld ba more closely malched to the aftrll￿ n￿￿¥r￿j costs and we I(￿1ng at options to obtain more grants and donallons. Re$¢rves Pollcy Unrestrrcted funds represent funds arising from pasl operatlng results. The twstees are satisfied that the unrestrfcled free res8Nes, which as al Iho year end. alr￿nted to £91,805 (2023: £80,794) are sufficlent meet the day io day op&r8ticnal r￿Ulrernents arKI thg fulure plans of tha Char￿Y. A further £1,300 {2023: £1.000) of reseTrps is for a swxlk purpose at the year eThJ. Plans for fu￿￿0 p•rl¢KIs During 2021 WÉ replaced our thJlnal safety bool *ilh a n8w Piow Multi whith has a special drop down front and is Wb18 of more people. There was fanthiarisati¢)n and sped81 Iraknlng for all pmr boat drlvers to operate the new safety boaL We also lease the use of Ihe WOBYC Pioneer as a second safety tTht arKI the Dlrectors conslder that the organisation has a suitable number ot boats for its aclivikn. With the complellon of the (fisabifty access improvements to Ihe dub h￿, we conunue to wort( lo foster even closer links with thè Waveney and Oullon Br. and Oulton Broad Water Sports Centre (OBWSC). The Saila￿lIty C￿ is both nalifywlly WKI intemallonally by Thious saillng and other organisalM)ns and also by the Rctsry movement. Wavenéy S•labillty Is a recOgnIs￿ Foundatlon Club of RYA Sailability and. In 2017. a tslk at the Naknal C(Yrference. Rlsk managem•nt and Health and Safoty The Trustees afe aware of the wtentlal rlsks assoclated with the SI￿ of saillng when undertaken by diS8t￿ed afKI non-dlsabled IndtviduaLs. We have a rlsk management pollcy and. from Inceptlon. the ¢harity has used RYA quallfied Instruclors to both assess arrfl traln disabled mernbers. Additional instruckn we Ilarrtd and the charfty wrrendy has 8uffldent expeth8 among ts RYA quallfled Dirshy and Keel Ix*t Irtstructors. Fufll*r cournes *iil be run during 2025 as and when required to mthaln •) adequ* leam ￿ helpers with suilable saillng qualificati￿1$ and experlence. All volunteer helpers are tho as8eswJ for c￿￿pa￿e and, where necessary. g￿n trainiNJ in the safe opwakn of the speoalty ad8Pled dSnghles or the supFort safety crafL It is a conllnuous tralnlng programme lo ensure, as far as practlcal, that all identified rlsks are mlnlmis8d. A suitsble plan is also in plac8 to deal with emefgencies arKI the deS￿n of the sailiThJ dinghie8 and safety g8ar available Is such that m&mb8rs are given the general lavd of protèction Ih81 is expected salling on on inland waterways. Som8 of the trustees. helpers and disa14ed members have coiW&ted RYA training ￿urSeS and sallirKJ sesslons are $upeThised by a designaed oifwxr of thg day wllh the supwl of experie￿e￿ senlor members 8nd RYA Senlor Insliuctors. As the "Sallabli Concept h39 been operaling for many ￿r$ the Trustees are ablé to draw on the experience of srmilar charities. Its affillallon lo RYA Sailability mèans it is able to draw on Iholr 8xpertise and experknce with other Sallabillty dubs. Helpws arn also, where necessary. subject to DBS clxks. The Charity contIn￿S lo daveky ts c*m Heth & Safety pdlcy based on the RYA Sallablllty Health & Safety pdi¢y. and the Infom12tion WOVKled by Volunteering England. Thè requirements of the Health and Safety at Work etc Act 1974 ba applied where lh8 Tntstees con*der il applies to the actlvities and operation of the charity. kn is a policy of a c(thllnulrrfJ updalll￿ of the risk assessment to be carrled out whlle membepts are saili Indopendent •xamln¢r A resolutiM will be proposed at Ihe Armual General MeetiThJ for Mark Proctor FCA DChA of Lovewdl Blake LLP Chartered Accujntants to be appolnted as Independent Examlner to the Charity forthe ensuing year. 8mall company provlslons This raport has been wepwed advantsp of thg small companies, exempti￿) of secuon 415A of Ihe Companks Act 2006. Waveney Sailablllty Company Llmlted by Guarantee Trustees. annual report (Incorporatlng the dlrectorJ' report) (eondnwd) Year ended 31 Decamber 2024 The tiustee8' annual report W88 approved on ........ truslees by. d slgned on behalf of the board of //* R H Morf1￿ (Chaimpn) TnrJtee Waveney Sallabllity Company Umlted by Guarantee Independent examlnerfs report to the trustees of Waveney Sailablllty Year •nded 31 December 2024 I réport ta thè charity trustees on my eXam&r￿lOn ol the Ilnanclal slalements of tho company lor the yaar e￿￿ed 31 December 2024 ¥thl¢h ¢ixnTh the siatsThwl of financial adivilles (Incl￿ Income arttl expenditure acc(yJnl). balancé shoot and the (elated th. R•3ponslblllll•$ and l)asls al Thport As tho charity Injslees of the company (and also Ils dSrncltxs for Ihe purposes of ¢ompany law) w a fèSwM￿ltsIe for the preparallon ol the Ilnandal statements In wilh the requtremgnts of Ihe Companl8s Act 2006 ('Ihe 2CK)6 Acr). Having satl8fied fflysall Ihat I￿ AnAnclal slaioments of tho company aro nol rnqulrnd to b• audllad undw Part 16 01 the 2006 Act and are ellglble lof Iwndanl 8xafrMnation. I rep￿1 In respeci of my èxamlnall( of your companys fin8W81 statements as canled oul undw wtion 145 of Ihe Chariiles Act 2011 ('the 2011 Acri. In carr>ryng oul my exanknon I have followed Ihe Dirediom given ty I￿ Charity Comrntsslon under 8ectlon 14515Mb) ol lh• 2011 A Indep•nd•nt •xamln•rf• •l•1om•nt I have compleled nry I c￿1￿1 Ihat no matt•rs ha¥* to my •ltonllon In conn•ctlon wlth Ihe examlnatlon glvhw me ￿89 lo bellevo Ihal In any materf* respo￿. accountlng fec(¥ds Thx kopi In respeci of tho company as required by 8eclkn 386 of tho 2006 ACL. the Ilnand81 ststefnenls do not comply wilh Ihè 8cc(wntlThJ requlrements of sectlon 396 01 the 2006 Acl other than 8ny rnqulrement that tho accounts give a and falf vlow whlch Is not fflattor cimldernd 88 pwt Independ￿t wminalN)n; or the Ilnanclal Slalemenls h8¥e nol been prepared In accordan￿ *ith the n*lhods and prfnclples ol the Stslemenl of Re¢ornrnended Praclice for accounllry and reporting by chaiities applicable to ctharfti88 pyeparing thelr accounts In accord￿ wilh the Finandal Reporung StaThlard appllcalAe In the UK and Republlc of Irelond (FRS 102). I have no concems and hAve conw acn)35 no other matters In conn8cli(Xb wllh the examlnallon to which aiientèon should bo In Ih18 rw h) oth to enable a proper undern¢anding ol the accounts lo be reached. Mafk Prockn FCA DChA Independent Examin Lovewdl 818ke LLP Chartered acc¢xJntants 8ankslde 300 Peachman Way Broadland 8uslness Pa NoThvith NR7 OL8 221051025 Waveney Sailablllty Company Limited by Guarantee Statement of flnanclal actlvltles (Includlng Income and èxpendlture account) Year end•d 31 December 2024 2024 2023 fvnds fundi Totsl fund• Total fuftds Incom• and •ndrywm•Thts Dt)nalJons and18gadg Charitable actl¥ltle5 Other trading acdvltkns Invostmenl Incomo 4,188 4,092 2.501 763 2.036 1.163 2.036 1.163 Total In￿rn• 30,195 11,542 ExpeThlltsJre on r818lng IiMMJ¥. C08ts of ralslng fvnds ExpendlbJrn an charttabh acwths Total •xp•ndllurn 2.342 29,879 32.221 2,342 29,879 32,221 1.727 32,841 34.568 10 N•t •xp•nthir• and I￿* MOV•￿ In fimd• (2,328) (2.028) (23.026) Raconcllladon of lund• Total lurth tsrouohl foThv*d Total fund• earrf•d foThva 155.847 156,847 154,821 179,873 156,847 153,521 The 8tatomwrt of fing￿kn1 aclvMleB ￿1￿je& o1198lM wrfl los805 recofvd In the yoar. All Income and experK4tUTe dertvo Imm adlvllle Th• not•S On PAW 11 to 18 forni part of th￿? Ilnonclal statem￿. Waveney Sailability Company Limlted by Guarantse Balance sheet 31 December 2024 2024 2023 Not• Flxod assats Tanglbl8 fixed assets 15 61.716 Current a88•ts Debtors C86h ot bank and In hand 16 81 93.976 285 81.283 94,057 81.568 Credltora: Amounts falllng du• wlthln ono y•ar 17 (774) Net currnnt ass•t• 93.105 154,821 80.794 156.847 Total a•wts l•u current Ilabllttl•8 Funds of tho charlty Restrlcted funds Unreslrlcled fund8 1.300 153.521 1.000 155.847 156.847 Total charlty fund• 154.821 For the yoor ending 31 December 2024 Ihe charty w88 enllugd lo exemptlon fffjm audlt under sedlon 477 ol the Cofflp8nles Act 2006 relallng lo small campanles. Dlrectorn, responsi1￿llIeS. The membern have noi requlred the company lo obtaln an audli of rts financlal statefflen18 for Ihe year In questlon In accordance with sectton 476; The dlreclors acknryAedge Ihe¢r responslbllllles for comptying wlth tho requirements of the Act wlth respecl lo accounling reco￿9 and the preparallon ol Ilnaftclal statements. These fina￿181 8tstements have been prepared In accordance wlth Ihe provlslons appll¢able io componlo5 8ubJeci io Ihe small companies, reglme. ese financial statements were approved by the boaTd ol Irustees and authoTi8ed for issu8 on .. and arn 8igned on behall ol the board by: R H Morting (Chainnan) Trustee M Wrfght Trustee Company feglstration number. 05441492 Th¢ noto8 on pages 11 to 18 forni part of th08e fln•n¢l•l $tat¢monts. 10- Waveney Sailabillty Company Llmlted by Guarantee Notss to tha flnanclal statements Year ended 31 DeCem￿r 2024 G•neral Inf¢xThllon The chaTIty Is a benefft and a prfvate knthed by guarnntee. reglstered in England and Wales 8nd a reglstered dwrfty In England aThJ Wales. The address of the reglstored 01fi¢018 5 Velda Ck*, Lm81rt Sulfolk, NR33 9JH. been prepared In aco)rdm wllh A¢0)￿￿￿ and Repyling ty Charilies: Statement of Recomrnnded Practlce to charittos preparing ihelr accounts In xcc*d8n¢a vAth Ihfr Flnanclal RepOrt￿￿d Startdard awl*bl8 In the UK afKI Republic of Irdand issued in October 2019. tho Flnanclal Reporting Standard ap&4icable in the United lfjngdom and Republic of Ireland (FRS 102). the Chaflkn Acl 2011. Ihè C￿￿￿•8$ Act 2006 and UK Generalty Accepted Accounting Praclice. Ba816 of pr•paratkn Golng eonc•rn The accounts have been prepared t)n the golTrJ concam basls and th8 Tntst betleves that no fflateflal UnCert￿ntIeS 8xlsL The Truslees have consldtred Ihe Iwel of funds held and the expecied incom6 and expendlture for ts next 12 monlhs frnm au*￿Ing these finandal staiements. The budgeted Income and expthKIIttNe Is xrfflcknl w51h th8 lthwl of reseNes for the Trt￿l to be able to t%nUnuo as 8 Fund a¢￿0ndn9 Unrestrlded fuNls arn avallabkn for usa al Ihe dlsmtlon of the trust8e8 lo furfhw any of the d*rWs Restrlcted fvnds are subiecled to re8tfl(alorffj thelr expendiluie dedared ty the donor or thrngh the terms of an 8ppeal. Incom• JI Inoyne ts Induded In the slatem￿l of finandal activrfw entillemenl has passed lo tho ¢haAty. tt Is probable Ihl the econ(rt benefits assoc*d wtlh the Iransxfjon wbll flcw trj th• dwrlty and the amount (an be measu￿. The lollowing spadfic pollcies arè applled lo parllcular Ixtegorfes of Inco . Incl￿0 frc¥n (lty)th or grants Is fecognlsed T*hen thwè Is evldence ol entitlemenl to the glft, recalptlg w(thble and Its can be measured rellalAy. . legxy Incwo Is when re¢elO Is wobable and entidemlt Is establlshed. 11 Waveney Sailability Company Llmlted by Guarantee Notes to the financial statements {Mndnu¢¢ Year ended 31 December 2024 Accounllng poll¢l•$ {¢oftllnuodJ xpendlturo Expenditure Is rncognised on an a¢(*uats basis as a liability is incuffed. Expendlture Includes any VAT wthlch can￿1 be lulty recovered, and is dassifiod under headlngs of the 8tatsrnent of financlal actlvlloes to vthlch11 rolates: - éxpenditure on raising funds indudes the costs of all fundrai￿Tra activllles, 8v8nls, non4haritablé tradlng actmlles, and the salo ol donated good$. - expendlturn on charllabl8 actfvltlos Indudes all cogts Incurred by a charlty In undertaklng acilvllles that further Its charllable alms for the bonefil of lis ben8ftclarfes. Includlro th08e support and cosis relaung lo Ihe govemance of Ihe (*arfty apportloned lo charilable aC￿VIlle8. - other expendllure Indudes all exp•ndliur• that18 n•llh•r r¢l8ted lo (al￿ng funds lor th• ¢harfty nor part of Ils expendilurn on charltable od5vllles. All cojts are all￿al8d lo gxpgndllurg ¢atggorles reflecung th• of Iho resou￿0. Dlrect ¢o¥l¥ attrfbuiable lo a slngle acilvlty are allocaled dlre¢lly lo Ihal acllvlty. Shared cosls are apprortloned belween tho acllvlllos they contribule lo on o reosonable. juslllleble and conslstenl bas1$. Tanglblo a•set• Tanglble assets are Inlllally recorded al cosl. and subsequenlly slalod ot cost183s any accumulated depreclalion and Impalnnenl1058eg. Any langlble asse18 cafrled al rev8lued amounts are recoriled al the lalr value al the dale of rwrnluatlon te5s any subsequent accmlaled depreclallon and subsequent accumulated impainnent losses. D•prnclatlon Deprffiauon Is calujlaied so as io Wfllo off th8 Cost or valuallon of an assel,1883 Ils resldual Value. over the useful econornlc Ilfe ol thal asset as follows: Boathouse 80818 & gear Equlpmonl and hol819 2% $tr8lghl line 10% stralghl Ilne Ovar 7-10 years 8tralghl Ilne Flnanclal In8tTumonts Th8 chadty onty h88 finandal 888ets and fin8ncl81 IlablllU88 ol a klnd that qu8111y as baslc flnanclal Inslrurnenls. 8aslc Ilnanclal Instnffiients are initialty recognlsed at transacllon valug and subsequently measured at thelr selllemenl value. A financlal assel or a financlal Ilablllty Is fecognlsed only whan Ihe anllty becom88 a party to the contractual provlslons ol the Instrument. Basic fin￿cIal Inslruments are initially reo)giMsed at the amount recelvable or paable Indudlng any related transactlon cosis. unless the arrangement conslltules a financthg transactlon. where 11 Is r8cognlsed al the present value of Ihe future payments dlscounted al a mathel rale of Inlerest for 81mllar debt Instrument. Current assets and ￿rrent Ilabllltlas are subsequenuy measured at the cash or olher ￿nsIderatiOn expected lo be pald or recefved and not dis0￿￿ted. -12- Waveney Sailabillty Company Limited by Guarantee Notes to the Ilnanclal statemonts (¢•ndnu Year ended 31 December 2024 Ww4eney Sallabillty Is a ¢ompary Iwnlled ty guar8nlee and has no share capltsl. In the event of tho tharity beuw wourKI up, ￿ Ikbillty In resi*ct of the Niafantee Is ltrrlied to £10 per member of tho ¢harfty. Unrestitted RestriLled Total Funds Funds Donation Onc Gfft Legaclo8 16.000 16,000 Funds 2023 l)onation (Inc Gift Aid) 4,186 4.186 L•gacles 4.186 4.186 unrestri￿ Total Funds Unrestrlct6d Tolal Funds 2024 Funds Sut>scripll¢)ns Mis(%llane¢xts IMyne 3,900 192 192 4.092 4.092 Other tradlng actlvld I￿reS￿l¢l8￿ Total Funts Unrestri(led Total F•ThJs Funds 2024 Funds 2023 1.151 1,151 1,991 510 1.991 510 Sale of ￿￿r￿andISe 2.036 2,036 2.501 2.501 -13- Waveney Sailabllity Company Llmlted by Guarantee Notes to the flnancial statements (¢￿￿n￿•￿) Year ended 31 December 2024 Invo•tm•nt Incom• Unrnslrkknl Tolal Funds Umesliicled Tolal Funds FurMIs 2024 Funds 2023 Bank Interest rocel¥& 1.163 763 763 Colts of ralslnq lunds Unrestricted Totsl Funds UnresliKtad Tolal Funds Fun 2024 Funds 2023 Sales ol mwchandlse fjodal Even18 1.842 1.842 1.433 1,433 1,727 2.342 2.342 1,727 10. Exp•ndllur• on charftabl• •cllvh Unreslrktod Total Funds Umslrlcted Tolal Fund8 Funds 2024 FundB 2023 Rent Insurance Llght and ho81 8fQ8d Tolls Repalf8 end malnlenanco Llfe Jackets 1,359 4.T61 100 463 5,362 1,359 4.781 100 463 4.830 1(X) 502 3,779 3.779 561 561 61x1 14.320 3.218 Tralnlng Depredatlon Member5hlp fees (WOBYC aNI RYA) Salllng trophles and WiZeB 14,337 14.337 3,260 14.320 3.218 121 936 29.879 29,879 32.841 32.841 2024 2023 Independanl •xamhth- currert year . previous 774 936 14- Waveney Saolablllty Company Llmlted by Guarantee Notss to the financlal ststements (¢ondnu¢d) Year ended 31 December 2024 11. Not •xpondltur• N81 expendiiure Is slated after tharglwl(crediting): 2024 2023 Dewedallon ol tsnglble fixed assets 14,337 14.320 12. Indyndenl •xamlnallon fqos 2024 2023 Fees payable lo Ihe hmlependent exarnlnw lor. Independent examlnatlon of th6 finand81 statements 936 13. Staff costs The charlty has no employees and so no Indivldual eaff*d over £60,000. Koy management p•r8onnol There affj no key management pernonnel duo to the Truslees belng Involved In the day kn day management of the chartty. 14. T￿￿1•0 remunornllon and ￿pens¢S The charfty dld pay any rnmtsner8tlon to the trustees durlng the Current or prfor year. DurhvJ the year the Inthe8 were relmbursed eXpendI￿re Incuffed on behalf of the charity totsllkng £1.097 (2023: £6601 15. Tanwe fix•d osset6 Boathou￿ Boats & gear Equlpment Total At l January 2024 and 31 Do¢effllJer 2024 Oepro¢lallon At 1 Janvary 2024 Chafge for the yeaf At 31 Dec¢mbar 2024 23.442 147.660 26.5TI 197,679 7,335 90,121 11,531 101,652 24,170 121,628 14,337 135,963 7.803 26,508 Cafrylng amount At 3106comb•f 2024 Al 31 Oacambef 2023 15,639 16.107 46,008 57,539 69 61.716 2,407 76.053 15- Waveney Sailability Company Umlted by Guarantee Notes to the financlal statements (¢ondnu Year ended 31 December 2024 16. Oebtors 2024 2023 81 The chaflty has ¢onlthgeftt assets in lh8 10rn1 ol a legacy due at 31 Oecember 2024 (2023: Nd). It Is not posslble to estlm8te the total financlal effect of the legacy arKI therefore no accru81 has been made. 17. Crodltors: Anwunts falllng duo wlthln on• ￿or 2024 2023 Other credltoKs 952 774 16- Waveney Sallablllty Company Umited by Guarantee Notes to th• flnanclal slatements Y•ar ended 31 December 2024 Unrn•trkt•d fvnd• at >w •nd•d 31 D•c•mb•r A11kn2024 Incm Expendlturn Trnnsfws 31 D•c 2024 UnMlAlCt￿ fw 155.847 29,895 (32221) 153.521 A11kn2023 Incm Expoth Tfanth 31 Dac 2023 178,873 (34.568) 155.847 R•8trl¢t•d fund• at ond•d 31 D•c•mb•r 2024 Al Tvangforn 31 D•¢ 2024 At1kn2024 Incom• ExporKIItt Cow Communlty knd Safety 808t luThl 300 1,000 1.300 At 1 2023 Inc¢rn Exp•ndtyrn Transforn 31 D•¢ 2023 Salety Boot Co• CofflNnlty Fund . D(xwllMs reCd￿d spedlkdly for towards safety aqulpmenl and the malntenance thereof. -17- Waveney Sailability Company Llmlted by Guarantsè Not•s to the flnanclal Statsmonts Year ended 31 Decèmbor 2024 19. Anaty818 ol n•t Maél• b•lw•en funds UnT08trId￿ Rastrlclgd Totsl Funds Funds Funds Tangltjla fixed assets Cufrent assels Credllor5 less l y6or N•¢ aM•t• 61.716 92.757 (952) 153.521 61.716 94.057 1,300 1,300 154.821 Funds T8ngSbl8 flxed assets Curr￿1 assots Credllorn less Ihan 1 >*ar Not aM•t• 78,053 81.568 {774) 156.847 76.053 81.568 (774) 156.847 20. R•l•l•d p•rtl•• 18-