COMPANY REGISTRATION NUMBER: 05441492 CHARITY REGISTRATION NUMBER." 1110365 Waveney Sailability Company Limited by Guarantee Unaudited financial ststements 31 December 2025
Waveney Sailability Company Limited by Guarant•• Financial stat•m•nts Year gnd•d 31 Dec•mbor 2025 Pag• Trn$tees' annual report lincomrating the directors, reporti Independent examinerfs report lo the trustees Statement of finala1 actiwlies (including i1oMe and expenth'lure a¢counti Balan¢è sheet 10 Nole5 to the fana81 statements 11
Waveney Sailability Company Limit•d by Guarantse Trusts•s' annual r•port (incorporating the diro¢tors' r•port) Y•ar •nd•d 310•c•mber 2025 The trustees, who are also the directors for the purposes of company law. present IheTrr report and the unaudrted financial statements ol the charity for the year ended 31 De¢ember 2025. The financial statements have b¢en prepared in accordance with Ihe accounbng p)IKies set out In ncles to the acci)unls and eomrAy wth Ihe charivs goveming dcKument, Ihe Charities Act 2011 and Companies Aet 2006 and AcGwnb"ry and Reports'ng by Charities." Statement of ReCommded Prathce applicable to charib.es weparing their account5 tn accordance wilh the Financial Reporting Slandwd appti¢able in the UK and Republic of Ireland published in October 2019 R•f•ron¢• •nd 4dmlnlstr4tlv• d•tslls R•glstsr•d ctharlty narn• Waveney Sailablhty Ch•rty r•glstr4tlon nurnb•r 1110365 COMnY f•glstrntion numb•r 05441492 Prlnclpal offi¢• and r•glst¢rgd 5 Velda Close offl¢• Lowestoft Suffo NR33 9JH Th• trust•es The trustees vtho served dumg the year and al the date of aFwval were as follows. R H Morling Ichaimianl J R Blankley A H Robjnson Mrs J M Soards C Larke M Wright C F Addison Company s•crrtsry J R Blankley In¢knp•nd•nt •x*mln•r Mart Proclor FCA DChA LOV11 Blake LLP Chartered ac¢ounlant$ Bankside 300 Peachman Way Broadland Business Pa NoThvich NR7 OLB BanlE•rs 8orc14ys Bank Hc 61 London Road North Lowestoft Suffolk NR32 1LT
Waveney Sailability Company Llmited by Guarant•• Trust••s' annual report (incorporating th• dir•ctorn' Y•port) Y•ar •ndod 31 D•eomb•r 2025 Solicllors Nicholsons LLP 23 exandra Road Lowesloli Svffolk NR32 IPP
Waveney Sailability Company Lim•t•d by Guarantee Trusts•s' annual report (ineorporating the dir•¢tor3' r•port) (eonllnuodj Year onded 31 Docemb•r 2026 The objectives ol the Charity to womote publiG tenefil are.. - al To pfovide Sailing for members any disab"Llty who (subsequently) receive adequale trainin9 and guidance to enable them Io sa11 without assistance In any form what so ever. The sole exception bwng parlally sighted and blin¢J members who rnay recei¥e instruction by ¥adio while $ailing unaccompanied. - bl To provKle sailing opportunib.es fLY persons whose spe(ial neet1s require them to be acCompand al all times. The facilities required will be wovided when circumstances permit. The Chanty cothnues to develop ts assocAation wth the WOBYC and encourages members to participale in sailiNJ events Ic¢ally and at other Sailability cenlTes. Regtrfar race training contsnues. Publk b•n• In seth.ng our programme ol events each year we have fegard to the Charity Commission's genefal guidance on benefit and ensure that actiwtbes LThJertaken are in lir with our charitable objects and aims. Achiev•m¢nts nd perfcrni•n¢e Since its Incorpora0 In May 20C15 the Chanty ha5 expaThJe(I Its fleel ol specially des19rd dinghies ar, at 31 Decernber 2025, it had Nvelve Hansa class dinghies. one Squib, two waVeY haif41ecker5. one RS Venture Keel and a Pioneer Multi Salety Boat The Rotary Boathouse was completed and oifioally (yned In 2010 and cost £23.442 excluding some sile costs Ihal were charged lo revenue fjn eadier year5. This cost Is being depreciated over the period of the lease - 50 years from 1 June 2008 The ann4Jal depreciation charge Is sel out in the notes lo the accounts. A memberf5 newsletter. 'NtsabIlIty. was rntrodLKed in 2007 arKJ continues lo be published se[al limes a year, aThJ distributed to members, Voluntee and supporters. A monthty Marde (get together) of members has ¢()ntinued during the non-sailing mcfftlhs of November lo April. to wve members and volunleers the OPFQrtur•ty for 50ual reactson wilh each othef at this tr. We alw celebraled our 2(Xh Anniversary year. 8 special event. welcoming many ol our fviends arKI supporters. We will continue our addrtional sailing events. TakirrfJ part in the WOB YC Oullon Week Regatta, lacing on 3 days and irnplemenling a new sailing regatta for OUT members the summer. We continued Up the River Day, vthen memLrs were able lo sail up the broad foi a lon9er pertod of time. The less arvj some of our helpers and ¢arers were iaken In the Waveney Stardust la CruiseT Vlith accessibk lacilitiesl. 11 has been most succe551ul lo include these events again tN"s yeaf. There c(lIned lo be mosl ot the usual expenses for the year. of insurances. renl and rates, some river tolls. and a certain amwnl of mainlenarKe. We Continued lo be extremely well SLtpported by a number of substantial donations. The legacy recei1d in 2021 enabled us to add another Waveney to our fteet. We have also received arK+ther $izeaL4e interim legacy during the yew this has hdped to keep ow finances on a very rim l¢)thng. Fln*nclal r•vlèw There was a net £4.262 infiow {2024.' £2,026 outlknwl of lunds dwing the year antt bank balances stand al £91.38512024. £93.976I on 31 December 2025
Waveney Sailability Company Limit•d by Guarant•• Trust••s' annual r•port (incorporating the directors. roport) (Gonthu Year •nd•d 31 Dec•mbor 2025 Fln•nclal r•vl•w fcOnthtl R•s•Ms Poll Unrestricted funds repfesenl ftjnds arising from pasl operating results The trustees are sats"sfjed that the vnrest¥icted free reserves. vknich as al the year end, amounted lo £89.64912024.' [91.8051 are SLEificient to meet the day to day operati(mal requirements and Ihe luiure plan5 01 the charity. A further £1,000 12024." £1,300) of re5eNes Is held IOT a specthc purpose at year end. Plans for luthm pèrlods DuriThJ 2021 we replaced our original safety boat V*Tth a new Pioner MLIts' 1¢h has a special drop down Iront and is capabbe of carrying morè people. There was continued lamiliarisab.on lor all power tM)at drivefs lo operate the r4 safety boal We also lease Ihe use of the WOBYC Pioneer as a secorKJ safety boal and Ihe Directors consider that Ihe organisaknw has 3 suitable number and range ol boats for rts acbvities. With the completion ol Ihe disaknlity access improvements to their club house, we continue to work lo foster even closer links wth Ihe Waveney aTrJ Oullon Broad Yacht club from whtsse premises we operate
Waveney Sailability Company Limitod by Guaran Trustsos. annual r•port (incorporating th• director5, r•port) l¢onilnu•dJ Yoar ended 31 Doc•mr 2025 Stiurlure. go¥•Tnnc• and mana9•m•nt On incorwration on 3 May 2005 all assets of Ihe Waveney Sailability Sleer¢ThJ Group were handed to the Chanty It was formed by five Rotary Clubs based in north Suffolk and south Norfolk all ol vthom a part or Rotary Distr¢cl 1080. The Chan"ty is mjelled on and operates similar lines to other 'Saila.11 dubs and has adopted many of the guidelines aNJ procedures ol the Royal Yachting Association {RYAI that promotes and en¢ourages the Sailability pnrKle. Gov•rnlng docum•nt Wa¥eney SailabT'Ity FS a conwany limited by guarantee and gtsvemed by rts Memoranthm) and Artr"des ol Asw"on. 11 is also a registered charity wilh the Charity Commissi. Appolntrn•nt offnto•S The Trustees are also Directors of the chawitatAe company lor the purpose ol company law. As sel out in the Article5 of A550ciation the Chanty may by (Ydinary resolution appoinl any person who is willing io act as a TrusleelDireclor. They Ihen serve for a term of three years but may offer themselves for re-election at the end ol this Pen1. The Rolary clubs that formed the Chanty rKninated the litst Trustees but. since thal time the Trustee5 have app"nted additional Truslees. Rotary clubs continue to take an ath.ve part bn the Sailing sessions and some clubs contribute towards the purchase ol new capital rtems andlor the annual runniThJ costs. Trust•e Indvctlon aml tr•lnln9 CWTent trustees wther possess the appr¢¥yn"ale financial expertise and training or from an industrial 01 co¥)rate background Fulure truslees will be given appropnate traiThng and instruction YhEte necessary to make them fumy aware of their legal OlgatIonS under chity and ¢ompany baw. Ihe content ol the Memorandurn and AcleS of Association. the business plan, and the recent finanual performance ol the charty. Ttee$ and vL4untary helpers receive the appropriate instnjctson al extemal RYA Approved training events or at courses artanged using some extemal ITaineTr with surtable and natlonally recoonised qualificattons. All the Truslees are subJe¢t lo D8S checks. Org•nlutlon•l siTu¢lur• The Board ol Truslees adfflirmster Ihe Chthty and usuaty meets sewal bmes a year. It IS SWW)orted by a number ol rKJn-Truslee advisers who art involved in the sailing tivIties. The Tntte¥ are also re¥Kn5ible for Ihe finawal control of the Charity. Anyone over the age of 18 can beeome a member of the company and there are curTenlly seven Trustees each of whom awees to contribute up io £10 in the event ol Ihe charity wiThJing up In addition to the Trustees there are various sailing mernbers pai¢J a subscriptson per arKbum lo parts.pate in the sailing activth'es together th vulunteers vtho acl as helper5 arK$ 5UPPQrters to Ihese members. Some sadoTS with thetr carers bLrt Ihe carer is not normlY trained to help vAth sailing OT With Wting Ihe Ferson into or out of boats Wrth or without a l$t.
Waveney Sailability Company Limited by Guarantee Trusto•s' annual r•port (incorpor•tin9 th• dir•¢tors' report) (tonUnu¢d) Yoar end•d 31 De¢•mber 2025 Stru¢tur•. gov•rn•n¢• and m•n4•rnent (¢onllnufj R•lated p•rtl•s The Chanty has a close rdab"onship vthh several local Rotary clubs, the RYA. the Waveney and OLdt Broad Yacht Club IWOBYC), and the Oulton Broad Waler Sports Centre IOBWSCI. The Sailabilty Ixjncept is promoted both nationalty and inlemati¢)nally by various sailing aTKI o organisalions and also by the Rotary movement. Waveney Sailability Is a recognise¢J Foundation Club of RYA Saitability and. in January 2026, presented a talk at Ihe Natsonal Conlerertt. Rlsk m•n#g•mènt and H•alth and S•l•ty The Trustees are avRre ol the polenlial rssks asswaled the sport ol sailing dertaken ty disabled and n¢Trdi5abled indNiduals. We have a risk management policy and, from trPtsn. Ihe charity has used RYA qualified instruclors to bolh assess and tra'n th'sabled members. Addilional Instru¢lors are trained wfn necessary and the charity eurreiitly has svffipent expertise amonost its RYA qualified Dinghy and Keel boat Instructors. Furlher courses will be run during 2026 as and when required to mainlain an adequale team ol helpers suikAe sailiThJ qualifications and expenence. Accredited Fitsl M'd Courses have also contsnued to be arranged. All volunleer helpers are also assessed IOT competence and. vthe necessary. given trainiNJ in the safe operali'on of the specially adapted dinghies or the supwt safety craft. It is a continuous training programme to ensure. as lar as PTical. that all identified risks are minimised. A suitabje plan is also in place to de81 th emetgendes and the design ol the sailing dinghies aTrJ safety gear available 15 such that members are given Ihe general levd of protection that Is expected while sailing on on inland waterway5 Some ol the trustees. helpers and disabled members have completed R YA trainin9 courses and sailing sessions a supervised by a designed officer of the day with the support ol exPerieed senior fflembers and RYA SenioT Instructors. As the 'saila"1 corKepl has been cyerats.ng for mY years the Tn&5tees are atAe to draw on the expenence of WNMlaf charities. Ils affiliation lo RYA Sailability means il is able ID draw on Iheir expertise and experience 1h other Sailality clLth. Helpers afe also. re necessary. subject to DBS checks. The Chanty continues to develop it5 own Hearth & S8fety Wicy based on the RYA Salla.11ty Health and Safety policy. and the Inlomialion provided by Volunteering England. The reqLNremenis ol ¢he Health and Safety at WO Act 1974 wll be applied vh)ere the Trustees Consider rt appl¢es to actmts.es and operation of the charity. There is a policy of a ¢ontinuirvJ updating of the risk assessment lo be camed oul Yknile membeTS are sailing. Ind•p•nd•nl •xamln•r A Tesoluknon wll be woposed at the Annual General Meelin9 fix Mark Prgclor FCA DCM ol Lovth¥ell Blake LLP Chartered Accountants to be appointed as Independent Examiner to the chanty for the ensuiro year. Small company provtslons This repcwt has been prepwed taking thantage ol the small comFonies' exeM"On of 8e¢bon 41SA of the Cornpans Act 20(E.
Waveney Sailabllity Company Limited by Guaranta• Trustses. annual report {incorporatlng th• dtrrectors, r•port) (¢ofttFnu•dJ Year •nd•d 31 D•e•mbor 2025 The trustees, annual rew)rt was approveil on . trustees by." arKJ signed on tth*f of the board of R H MoFling {Chairmanl Trustee
Waveney Sailability Company Lirnit•d by Guarant•• IndOnd•nt •xamin•¢s r•port to the trustsos of Waven•y Sailability Yfrar ond•d 31 DeCemr 2025 I repcmt lo Ihe charity trustees on my examinabon of Ihe financÈal statements of Ihe company for the year ended 31 December 2025 hich compnse the staterf1 ol finanual actNrts {Ilu9 income and expenditure account). baLin¢e 5heel and the related notes. R8sponslblllll•s and basls of report As the chanty trustees of the ¢(xnpany land also its direclor5 lor the purposes of Company law) you are responSie for the preparation of Ihe firbancial stalemenls accordance with the requirements ol the Companies Act 20061lhe 2W6 Acl'l. Having satssfied rnysell that the financial statemenls of the ¢ompany are not required to te audited un¢Jef Part 16 01 the 2006 Act and are eligfble for independent examination. I report in respect ol my examinats.tsn of your company's financial slatements as carried out under sedion 145 of the Chanlies Act 2011 I'the 2011 Aet'l In carrying oul my examinats.on I have followed the Directions given by the Charity Commission under section 14515llbl ol the 2011 Act. Ind•p•nd•nt •xaffllnefs stslem•nt I have completed my examina&on. I confim th rK¥ matters have wme to my attention in connection the exarmnabon giving me cause to believe Ihat in any materia respect. a¢counkn'ng records were nol kepl in respecl of the ¢cnpany as Teqvired by section 386 of the 2006 Act.. or Ihe fmarKial 5tateTnenls do not aGrd with those records.. or the financbal stalemenls {} nol cOmY ith the accDunting requirements ol seclion 396 of the 20Cfj Act olher than Y requiremenl that the accounts gNè a 'lTue and f3if wew vthich is r1 a matter considered as part of an independent examinabon,. or the financial statements have been wepared in accordan¢e wilh the methods and pr1r1p1e5 of the Stalemenl of RecomrrEnded Practice for accounting and repo9 by charibes applicable lo chanlies prepanng their accounts in accordance with the Finanual Repon9 Slarvjard applKable In the UK and Repubbic of Ireland IFRS 102). I have no cortcems and have come across no other matters in ¢onrtn wth the exarrMnats"on lo which attention should be diawn in this report in order to enable a proper undwstsnding of Ihe accounts to be reached. /rf7Aoa Mark Pioctor FCA DChA Independenl Examiner Lovewell Blake LLP Chartered accountants Bankside 300 Peachman Way Broadland BUe$S Park Norwich NR7 OLB 0110612026
Waveney Sailability Company Limit•d by Guarant•• Statomont of financial activities (including incom• and •xpgnditur• ac¢ount) Y•ar •ndod 31 Dgcemb•r 2025 2025 Reslricted funds Tot•1 fvnds 2024 Unrestricted funds Total funds Incom• and endowmènts Donations and legacie5 Charitable actiwties Olher Irading activities Investment income 29.110 4,234 2,243 1.162 500 29,610 4,234 2,243 1.162 22.638 4,358 2.036 1.163 Tot1 Inco 36.749 500 37.249 30,195 Exp•ndltur• Expendilure on T•Siry funts". Costs of iaising fund5 Expenditure on charitable ath"yib'es Olher expenditure Total èxp•ndltur• 1.909 32.816 12.2381 32,487 1,909 33,316 12,2381 32,987 2.342 29.879 10 11 500 32,221 N•t Incom(xPQndr0) befofe tr•nst•r of lund$ 4,262 4,262 12.0261 Transfer5 befvRen funds 300 13001 Ngt mov¢m•nt In fuftds 4,562 13rx)I 4,262 12,0261 RKonclllatlon of funds Totsl funds brought folward rotal funds ¢arrf•d forward 1 53.521 154.821 156.847 156,083 1.000 159.083 154.821 The stalemw)t ol financial activities indudes all gains and10sse$ tecognised in the year. All income and expenditure derive from continuing xtiwlies. Thfr notss OD P•9•5 11 t• 18 fomi part ofth•s• ffinanGknI ¥l*t•m•Trts.
Waveney Sailability Company Limit•d by Guarant¢• 8alanco sh••t 31 December 2025 2025 2024 Flx•d assets Tangible fixed assets 68,434 61,716 Curr•nt $s•ts Debtors Cash at bank and in harHJ 17 462 91,385 81 93.978 91,847 94.057 Crndltors.. amounts falllng due wlthln ofl• y•ar 14•t curr•nt ass•ts 18 11,1981 19521 90.649 93,105 Tot•1 4ss•ts l•ss Current Ilabllhles 159.083 154,821 Mtrt ass•ts 159.083 154,821 Funds of the charlty Restricted lund5 Unfestrieted fund5 1.000 158.083 1.300 153.521 Total Gharlty tunds 19 159.083 154,821 For the year enth'ng 31 December 2025 the tharity was entilled to exempth'on from authl under stIon 477 ol the Companies Act 2006 relabro to sm1 companies. Difectors, leSnbIlrtles The [ernbers have not required the company to obta'n an auth't ol ils financial stalements f¢x the year in question in accordance wth section 476. The directors aCknO%edge their responsibilieS IOT comptying with the requirement5 01 the Act wth respect lo acwunting records and the preparabon of flnanoal statements. Th¢se financial 51alements have been prepared in accordance vnth Ihe provisions aFplice to companies SLknje¢t to the small 0)mPan5, regime These financial statements were approved by the board ol trustees and aLrthorised for iSSLte op 30 MarfrK )z&, and are sIgr1 on behalf of the board by.. R H Morfing (Chairman) Trustee M Wnghl Trustee Company regi$trahon number 05441492 Th notes on p•g•s 1 f to 18 loTm part of the financial statem•nts.
Waveney Sailability Company Limit•d by Guarantso Not•s to the finan¢lal statoments Year end•d 31 D•eamber 2025 G•ner41 Infomitlon charity is a public benefit enbty and a Pfivale Company limited by guarantee. registered in EnglaThJ and Wales and a regislered charity in Eroland and Wales. The address of the fegislered office 1$ 5 Velda Close. LthS10ft, Surtdk, NR33 9JH. stat•mgnt of cornplianc• The chanty constitutes a publ benefit entity as defineil by FRS 102. The firncial ststemenls have been prepared in accordance wllh Accounting and Repo"ng by Charilies." Stslemenl of Recommended Practice applicable lo chants.es preparin9 their accounts in accordance with the FinarKial Reporttng Standard applicable in the UK and Republic of Ireland issued In October 2019. the Financial ReportiThJ Standard applicaNe in Ihe United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companie5 Act 2006 and UK Generally A¢cepted AccoLklting Praclice. A¢Gounting pollel•s 8•s1s of pr•par¥tlon The fmaFual statements have been prepared on the historical cost basis. The lina13 slatements are prewed in sterling, which is the ILwKb"onal currerKy of the enlity. Going ¢onc•m The accounts have been Weped on the w)Jng CoeM basis and the Trusl believes thal no matenal uncertainties exist The Twslees have considered the level of funds held aTrJ the expeded ineome and exper¥Jiture for the next 12 months from authowising these financial slalements The budgeted income and expenditure is sufficient th the level of reserves lor the Twst to atle lo continue as a gng concem. Fund xcount1Th9 Unrestricted lunds are available for use at the di3Ctn ol the trustees lo further any ot t chority's purpose$ Restricte(I lund5 are subjectal lo restn"¢b"ons on their expeTh'lure ¢Jed¥ed by the donor OT Ihro the temis OT an appeal. In¢<xne l income is included in the statement of financial a¢tMties when entitlement has passed to the charity, il is Fwobable that the economic benefits associated with the transaction will flow lo Ihe charity and the amount can be reliabty measureo. The following speu'fic policies we applied to parb'cular calegories of income.. . inccffle Irom donatw)ns or grants 15 reCOgned When there is evwJerKe of enkn.uennt to the gift. recapt is probable and its affK)unl can be measured reliably. - legacy Income is recognise(1 when receipt is probat4e and entitlement is established. . SIrtcnPII¢)rtS are accounted for on a reeeived $1$. 11
Waveney Sailability Company Limit•d by Guarantst Notes to th• financial statsm•nts (¢ontlmi Year ondod 31 Dacemr 2025 Accoundng polt¢l•s (¢onthu•dJ Exp•ndJturn Expendrtu Is recognised on an accruals basis as a liability is incurred. ExpervJitLKe includes any VAT whi<J) cannot be fully re¥£re, and is dassified under headings or the stalewEnt of financAal a¢b"Mties to vthich It felales". expenditure on raising fvnds includes the costs of fundraisin9 activitses. events, non-charitable trading ath"vth'es, and the sate of dffiated goo(ts expenditure on ch8ntable activities Includes all costs incurred by a charity in undertaking acliwlies that further ils charitable aims for the benefit ol it5 benef1ry3rie5, including those support cosls and CO51$ relalir¥J to the govemance of the ¢hanty apportioned to chaiitable acbwb"es. other expenditure includes all expenditure Ihat Js neither related to faising funds fcw the charity nor part ol its exwnditure on Charitable a¢tsvities. All costs are allocated to expenditure categories rellecling the use of the resource. Direct costs attnbutable to a single activity are alli)¢ated directly lo thal activity. Shaied cosls are approrb'oned beN¥een the acltvilie$ they contribute to on a reasonable, justifiable and consislenl basis. T•nglbltr Ass•ts Tangible assets are iniltally recorded at cost, and subsequently stated al ¢OSt less any accumulated depreciation and irnpairment losses Any tangible assets carried al revalued aruntS are recorded at the fair value at Ihe date of revaluabon less any subsequent accumulated depfeciation and subseryent accumulated ImpalmnI k)sses. O•pr•clallon Oepre(¥alKin is calculated so as lo vrtite off Ihe cosl or valualion of am assel. less its ie5idual value, over the useful econom lile ol that asset as fdlows. Boathouse Boats & gear Equipment and hoists 2% straight line 10% straight line Over 7-10 years straight line FlnanGl*l Instfurn¢nts The chanty only has financial assets and financial 118bilitie5 01 a kind thal quality as basic finanrjal instruments Basic financial instruments ale initially reco9ntsed al transaction value and sUbSUentIY measured at their sèttlement value A financ¢al asset or a financAal liability is recognised only vthen the erktity becomes a party lo the c{tractUal provision5 of Ihe instrLwnent. Basic financial instruments are initially reeognised at the amounl receivable OT paable including any relaled transacli¢)n costs, unless the arrangement constitules a financire transadion. ere A IS recognised at the present value of the futu payments discounled al a market late ol interest for a similar debt instrurnent Current assets and ¢Ltrrent liabilitie5 are subsequenlly measured at the fAsh or other consideration expected to be OT 1ved and rK)t discounled 12.
Waveney Sailability Company Limited by Guarants• Notss to the financial stst•ments (¢onlinu¢dl Y•ar endfrd 31 D•c•mber 2025 Umlt¢d by gu4rThtee Waveney Sailability 1$ a company limited by guarantee and has no share capital. In the event ol the charity being wound up, the liability in fespect ol the guaranlee is limrted to £10 per member of thè arity l>onatlons and 1•ga¢l•s Urffestricted Funds Restr¢'cted T¢)tl Funds Funds 2026 Donatlons Donation linc Gift Aid) 4,180 500 4,680 L•ga¢S•s Legaci&s 24.930 24.930 29.110 29.610 unrestrted Funds Reslfi¢ted Tclal Funds Funds 2024 Donatlon5 Donabon li Gift dI 6,338 6,638 Legaci•5 Legacies 16,000 16.1)00 22.338 300 22.638 Charltabh actlvhks Unrestricted Total Fn$ Unrestricted Totsl Funds Funds 2025 Fld$ 2024 Subscnptions 4,234 4,234 4.358 4.358 <Xher tr•dlng ti¥ll1•S Urwe5tricied Tvtal Funds Unrestricted Total Funds Funds 2025 Funds 2024 rKoffle frorn social 1vilieS Sale of merchandjse 1,640 603 1.640 603 1.151 1.151 2.243 2,243 2,036 2,036 Investm•n¢ Incgm• Vnrestn'cted T)il Fund$ UnstrICted Total Funds Fund5 2025 Funds 2024 Bank Interest recewable 1.162 1.162 1,163 1,163 13-
Waveney Sailability Company Limitod by Guarant•• Not•s to th• financial statsmonts (¢ORllnu•LIJ Year •nded 31 D•Mr 2026 Costs of ra151ng fund$ UNestricled T¢)tsl Funds Unreslricied Tolal Funds Funds 2025 Funds 2024 Sales of meTthandise So¢ial Events 314 1,S95 314 1,595 500 1.842 1.842 2,342 1,909 1,909 2,342 10. Experndftur• on ¢h•rltabl• a¢tlvltl•s Unrestiicted Funds Restricted Total Funds Fund5 2025 Rent Insurance Light and heat Broad To115 Repairs and maintenance Life jackels stationery, p)slage and telephone Tfaining Depreciation meMrShip fees IWOBYC an¢J RYA Govemance costs 887 5,276 100 531 887 5.276 100 531 6.060 1,058 262 500 1.058 262 14,165 3,977 1,000 14,165 3,977 1.000 33,316 32.816 Unresln'cled Funds Restricted Total FuThJs Funds 2024 Rent Insuran¢e Li9ht and heat Broad Tolls Repairs and maintenance Life jackets Stationery. wstage and telephone Training Depreciation MtrmL*Tship fees IWOBYC and RYAI Govemance c051s 885 4.830 100 502 3.779 594 196 460 14,337 3.260 936 4,830 100 502 3,779 594 196 460 14,337 3,260 936 29,879 29.879 Anaty•ls of Gov•rn•nu lts". 2025 2024 Independent ekn7rninali(y)- currenl year previous year 1.000 1,000 936 14-
Waveney Sailability Company Limit•d by Guarants Notss to th• financial stat•m•nts leon Y•ar onded 31 D0Mber 2025 11. Other ¢xp¢ndltu Unrestricted Tolal Funds Unrestri¢ted Totsl Fwwjs Funds 2025 Funds 2024 (Gw'nyloss cn disposal of tangible fixed assets tld for chantys ovm use 12,2381 12,2381 12. Nel IncoMlMp•fid1IUr•) Nel incom@(expenthture) is sted alt•1 Charg.n{cedkn"ngI.. 2025 2024 Deprecia11 of tan'ble fixed assets Gains cffl disposal ol tangible fixed a$sets 14.165 12.2381 14.337 13. Indepè•d•nt ex•mln•llon l••s 2025 2024 Fees payatAe to the indepen¢Jent examiner for. Intjependent examinabon of the financial statements 1.000 936 1& Staff costs The dwi.ty has M emF4oyees and so no individual over £60,0. K•y m•n•g•m•nt p•rnonn•l There are no key management personnèl due to the Trustees bw"n9 invdved in the day lo day management of the ¢hanty. 1S. TruBts• r•mun•r4tlon txp•ns•s The rjiarity did not pay any remLmeration to the tnjstees dLmng the current or pnor ye8r Dwing the year the tTuslees relmtrTSed eXpendIre incurred on tthalf of the charty totalling £77312024. £1.097). 15-
Waveney Sailability Company Limit•d by Guarantsg Not05 to th• financial statoments Year ended 31 D•¢omb•r 2025 le. Tanglbl• flxed as5•ts 8•athous• Bo•ts & WT Equlpm•nt Tot1 Cost At 1 Jarrtry 2025 Additions Disposals At 31 D•cember 2026 23,442 147,660 15.200 (35.3491 127,511 26.577 5,445 197,679 20.645 135,3491 182,975 23,442 32,022 Depre¢ltlon At 1 January 2025 Chaige the year Disposals At 31 oK•mr 2025 7.803 101,652 12.851 135.5871 78.916 26,508 135.963 14.165 (35.5871 114.541 8.271 27,354 Carrylng amount At 31 l>•¢•mb•r 2025 15,171 48,595 4,668 68.434 61,716 Al 31 DecemW 2024 15,639 46,008 69 17. D•btors 2025 2024 Trade debtors Other debto 400 81 462 81 The charity has conbr49enl assets in the lomi ol a legacy due at 31 Dember 2025 12024.. Unquantifiedl. 11 ts not poSsie to estimate the total fin8naal effect of the legacy and therefore no accnjal has been made. 1& Cr•dltorn: amounts 1*lllng du• wmhln one y•4r 2025 2024 Trade creditors Accruals and defeTred income 125 1,073 952 1,198 952 16.
Waveney Sailability Company Limited by Guarant•• Notos to the financial statom•nts feoftiiftu•d) Yoar •nd•d 31 Docember 2026 19. An•lysis of charltabl• funds Unrestrl¢t•d funds at y•ar •nd•d 31 D•cemb•r 2025 Al Ttansler$ 31 Dec 2025 At 1 Jarb 2025 Income ExFEn¢thture Unrestrted fund 153.521 36,749 {32,4B71 300 158.083 Unrestsi¢led funds •t y•4r ¢thd•d 31 O•c•mb•r 2024 Al 1 Jw) 2024 Income Expenthture Transfers 310ec 2024 Unrestncted furKI 155.847 29,895 132.221) 153,521 Rstrl¢ted funds at y••r end•d 31 D•¢•mhr 2025 At 1 Jan 225 Income ExpenthtUTe Transfeis 31 Dec 2025 Waveney Cover Fun(1 Ci>op Communrty fund Safety Boat fund 500 15001 300 1,000 {3001 1.300 500 1500) 1300) R•stfkt•d funds at yèar •Trd•d 31 December 2024 At Transfers 31 Dec 2024 Al 1 Jan 2024 Income Expenditurè Co-op cMUnity fund Safety Boat fund 300 300 1.000 1.000 300 1,300 Waveney Cover Fund- Donation received from Srnilh & Pinching Itywards the purchase of 3 (x>ver lor the boats. Cw ComrThJnty Fund - Donattons received in pnor year $pw.fabY lor cOntn'Jti0n towards safety equlpment and the maintenane thereof The donation was transferred to tr* unrestted fijnd during the year to contn'bule towards the purchase of the hoist. Safety Boat Fund. Donakn"ons received speaft¢alty for maintenance of the safety boat. 17-
Waveney Sailability Company Limitsd by Guarantee Notss to th• financial statom•nts i¢on*nu•dJ Y•ar ended 31 Decombor 2026 20. Anatysls of n•t •ss•ts b•tw••n funds Unreslricted FurKIs Restri¢le<l T¢)tal Funds Funds 2025 Tangle fixed assels Current assets CreditOTS IVJS than l year 68,434 90,847 11.1961 158.083 68,434 91,847 11,1981 159,083 1,000 N•t •ss•ts 1.000 Unrestricted Funds Restricted Total FUlS Funds 2024 Tangible fixed assets Current asset$ Creditors le55 than l year 61.716 92,757 19521 153.521 61 716 94.057 {9521 154.821 1.300 N•t a$s•ts 1,300 21. Op•r•llng l•as• ¢ommttThnts The leases land at a rent of ÉSOO per Mum. The lease is due to ewre in 2059. 22. R•lat•d partl Unrestncted thalions tolallin9 £250 {2024' £200, 1 trusteel were e1ved from I tTU5tee. During the year subscription income of £7512024. £45, 2 trustees) was ieca¥ed from 2 trustees. -18-