REGISTERED COMPANY NUMBER: 06156598 (England and Wales) REGISTERED CHARITY NUMBER: 1118889 Truslccs, Rc ort and Ui)audiled Financial Staiements for the Year Ended _I l Marcli ?025 tor dl Soiithei'n Yacht Club Tru%1 Roches c.hartered AeeoLinlants l Manor Court 6 Barnes Walljs Road gLn%ivorth Fareliani Hampshire P015 5TH al Souiherii Yacht Club Trust Contents of the Financial Sialeinenis for thc Ycai. Ended 31 NqarLh 20?5 PagL Trustees, Report Independenl Examinevs Reporl Stateinenl ot Financial Activities Bulance Slieet Notes lu the Financial Statements 8 to 14 al Souiherii Yacht Club Trust (Re istered nLullber'. 06156598) Trustees, Re orl for thL YLdr Endcd 31 hqarLh 2025 Governing document The orgaiiisalion is a charilable coinpany limited by guaranlee. It was incorporated on 13th March 2007 and registered as a charily on 20th April ?007. AcLordingly, thi% 1% Ilic ei¥hteenth annual report. The company was established under a Mernorandurn of Association, which details the objeLts and powers of the charitable compaiiyi and it is byoverned under its Articles ot. Association, currently uiiamended. The compan} is limited by guarantee. In the event of a winding up the liability of each member is limited lo a contribution lo the Company's assets of £10. Appointment of Trustees The directors ol the eoinpany are also charity Iruslees for the purposes of Lharily law and under the company's ArtlLles are known as Tru%lees. Under the requireinent% of the Articles of Associatioii one thircl of the Trustees Inu%1 retire at each Aniiual Geiieral Meeting. The reliring Triislees may offer themselves for re-eleciion. Three Trustees retired and Ihree additional Trusiees were appointed diiring thL yLar. The Iwslees recruit n¢w in)stees from the wider sociery, individuals who possess knowledge of sailing, and, if possible. experience in charity work, after cor)ducting .%uitdble background checks. The Trustees k]re familiar with the objecliv¢s of the Lharity and h¥Ave been drawn from the sailing and local comii)unity. Additionally all new Trustees are supplied with all necessary int"om)atioii, for ¢xample. Memorandum & Articl¢s ot. Association aiid other relevanl docuinents. Rlsk management The Trustees have coi)ducted a i'eview of the major risks to whiLli the chai'ily is exposed. The major i'isks identified al'e the mainlei)kince ot. the ¢harily's capital and related ini'eslmeiii policy aiid lo eiisure thai bvi?iils are only awarded io projecis thai are considered 10 be safe and achievable. The Jnaiiageiiieiit of the resources available lo the ch491.ity is conducted solely by Ilie Trustees as a group and a thorough consideration and examination of all applilutions for grants IS Lonsidered by the board of Trustees as a body. Oryanlsatlonal structure Th¥ Tru%lee4 tneet bidiinually llnd are re%pon%ible for both the ¥trategiL LlireLtioll policy uf the Lharity well being re4pon%ible for the day-10-day maiiagemeiit. Related partie5 The Trust was forined in anticipation of a ijery generous donation as a bequest from a fomier member of the Royal Southern Yachi Club Limitcd I tlio Club). ThL Club provid¢b d%sisldnL'L' in thL duy lo duy adinini%lr(Iliun ot. thL Tru%1. ThL Tru%l',% poliLy 1%, in gLnLral tenns, 10 lend Ihe principal suins donated to it lo the Club and to apply the incoine received from these investments to the provision of graiils lo appropriate projeLls and caiises, M,hiLh are from a wide speclrLim ot" applicants. The financial slaleinenls hav¢ be¢n prepared in accordance with the accounting policies sel out in note lo the financial slaleinents and LOl￿PIY with thL Lhurily'% guvcrning doLUI11Lnt, thL Companic% ALI 2006 and "Accounting und RLporting by CharitiLs.' SthtLniLnt of Recommended Practic¢ applicable to charities preparing their accounls in accordance with tlie Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS 102)" (effeelive l January 201 I)) Objeetlves #nd Acilvltfies ThL objLLtiVL% Ut- thc Ti'u%t thrc: o The advanLemenl of amateur sport and, in particular. th¢ provision of faLilili¢s and assibian¢¢ lo eiiabl¢ and ¢ncourag¢ participation in sailin&T or yachtiiig,. o Thc advanccmcnt of SULh oihcr eI￿rItable purposLs as Ilie Trustccs shall from timL to timc dctcrmiiiL. Page I al Souiherii Yacht Club Trust (Re istered nLullber'. 06156598) Trustees, Re orl for thL YLdr Endcd 31 hqarLh 2025 The Board had previously determiiied that granis should be made twice yearl) from the income of the Trust whilst the Lapilal is maintaiiied and iiivested to provide the income. This policj" continues. The iiicoine is supplement¢d by the aiinual subscriijtioiis received from the Fnends of the frust who receive regular reports on the achviiies of the Trust. As of the dale of ihis report tliere are OVLr onc hundrL'd thnd %cvcnty tLVL FriLnd%. A further dddilion to the inc￿me 1% thL uLLu%iollal donutiDn from vi%itor¥ to tlic Club. In accordaiice wilh the objecls, and to coinply with the Trustees, duly lo liave due regard io public l)eiiefit, the Board has again invited pplications for grants tt'om local and other relevant organisations. There were two meeiings alvarding grants durin¥ this financial year. In Noveinber 2024 torty-two awards were made amountiiig. to £19,950 111 March 2025 seventeen gyrants were awarded atnounling lo £15,305. Total grants awarded for the year therfore an]ounled io L35,255. All the awards were made fron) the Trusl's incomc availablc al that timc. Grants wLrc awardLd t-or assisting applieants to compctc iii world, international and natiorial chainpionships, in which in a numbei. Ot case5 veri. successtul results were acliieved. Granls were also awarded to as51St disabled, disadvantaged. and vulnerable applieants to Col￿Pete and benefit from sailing. Tlie Incoine ol the Tru*l tor the year WdS £61,491 . The income increased by a very gyenerou% donatioii troni one of the Club,. members iii memory of lier liiisband. Resources expended were £37,848 resuliing in an increase lo the Funds of £23.643. On 31 si Mureh 2025 total funds amounlcd to £388,606. Th¢ interest income on th¢ loan to the Royal Southern Yacht Club Limiied provided it)come which was iised to fund both the charilahle dctivitie% of the Tru.4t and it% operdtingF CQ4ts. The policy 1% ihdt grant% should be mude Irom income whil%1 capital i. mainlained and invested to provide continuinbT inLume foi. the future The Trusl has maiiilaiii¢d suffi¢i¢iit available cash balanc¢s to tuiid approved giranls and e%p¢¢ted short lenn requireinenls, Trustees, responslbllltles C.oinpany law requires the Trustees 10 piepdre fI￿ncIal staiei))ents t"oi' ¢ucli fiiianLial year whiLli give a true and fair view of Ilie ￿tate ol. th¢ altairs ot. the Charity ¢oinpa11y as at the balance sheet date and of ils 11)cominLy r¢sources and application ot" resources. iii¢luding' incoine and expendillire, for Ihe financial year. In prepariiig those financial 51alemenls, Ihe Truslees Should follow besl practice and. o Selecl siiitable accounting policies and Ilien apply Ihein consistently.. o Make judgements and esiimdles that are reasonable and prudent.. o Prepare the Iiiiancial statements on the &)oin&y concern basis u111ess it is inappropriaie lo assuine that the conipany will continue on Ihal basi5. The Trustees are responsible for maintaining proper accounting records which disclose accurately at any time the financial position of the charitable company and to enable them lo ensure that the Iinancial slalements. comply with the Companies Act 2006. The Trustees are also responsible tor 5afe&iuardingT the a>sets ot the chai-ily company and hence lor lakinby reasonable step5 tor the prevention and detection of fraud and oilier irreglilarilies. This report has been prepared in accordance with Accounting and Reporting by Chariiies: Statemei)l of Recoinmended Praciice applicable to charities preparing their accoLinls in aLcor(lance with Ihe FinanLial Reporlitig Standard applicable iii the UK and Republic of Ir=laiid 2n l R {FRS 102)- Icharities SORP (FRS 102)), and in accordance with the special provisions of Part I S of the Compani¢s Act 2006 relating to bmall companies. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument The uliarily is controlled by its ¥overningy docuinent, a deed of trust, and constitutes a limited company, limited b). gyuaranlee, as define.d by the f.ompAnies Act 20nc). REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company nllmber 06156598 (Eiiiyland and Wale%) Registered Ch#rit! number 1118889 Page 2 al Souiherii Yacht Club Trust (Re istered nLullber'. 06156598) Trustees, Re orl for thL YLdr Endcd 31 hqarLh 2025 Registered offiee Royal Southern Yacht Club Rope Walk HumblL Souihampton Hampshire S0314HB Trustees Mrs L RochfoTd Director E W De Courcy Stei'enb Director B L Mead Director l Richardson Director Mrs S S Robinson DircLtor P M Selby Director (appointed 14.11 .24) D l Tniswell Director (appointed 26.3.25) R M Squire Director (re%igned 14.11.24} Company Secretary BLMead Independent E%amlner Roches C.hJrtered ALLL)unianls l M their accounts in ac¢ordanc¢ wilh th¢ Financial Reporting Standard applicable in the UK and Republic of Irelalld (FRS 102)). I have no concerns and hai.'e coine across no oiher rnaiiers in connection wilh Ihe examinaiion io which aiieniion should be drawn in this repon in order to enable a proper understanding of the accounts to be reached. Richard Roche FCA FCCA CTA Roches Cl)arlered AceDunianls l Manor Coiirt 6 Barnes Wallis Road Segensworih Fareham Hampshire P015 5TH 19 December ?025 Page 4 al Souiherii Yacht Club Trust Statement of Financial Aclivities IlnLO oratin an IneomL and Ex LnditUl'L Account) foT the Year Ended .31 Nqai'ch 2025 31.3.25 Total futhds 31.3.24 Total tunds Unrestricted fund Reslricled No¢es INCOME AND ENDOWMENTS FROIVI Doiiations and legacies 2,867 41,000 43,867 6,840 Investment inconie Tolal 24,171 EXPENDITURE ON Charitable activitie5 Genei'al 43 77() NET INCOMEI{EXPENDITURE) (10,260) 33,903 23,643 (19,605) RECONCILIATIOLN OF FUNDS Tolal tund% brought forward 332,866 32,097 364,963 384,568 TOTAL FUNDS CARRIED FORWARD 322 606 388 606 364 963 CONTINIIING OPF,RATIONS All iniomL iind LxpLndilurL hils arisen froin continuing activities. The slalement of tinan¢ial activities includes all gyains and lo.sses re¢o&ynised in the year, ThL 8laiL'mLnt of finunLial aLiiviliL% alsu LoimpliL.% with thL fLqUII'LmLnl% ot an inLomL lil)d LxpLndilurL aLLount undLr thL CompaniL' Act 200C). The notes fonn parl of iliese finaneial statements Page 5 al Souiherii Yacht Club Trust (Re istered nLullber'. 06156598) Balance Sheel 31 MarLh 2025 31.3.25 Total funds Unrestricted lund Restricted funds Total fiinds CURRENT ASSETS Dcbiur% Prepayments and accrLied income Cash at baiik 10 307,000 104 307,000 104 811,U42 395,146 312,513 104 55.94() 368,561 32Y,146 66,UUI CREDITORS AIT)ounts falliiig due within vne ye&r (6,540) (1540) (3,600> NET CURRENT A.SSETS 322 606 388 606 364 963 TOTAL ASSETS LESS CURRENT LIABILITIES 322,606 66,000 388,606 364,963 IYET ASSETS FUNDS Uni'e%lricted fund Restricted fiinds TOTAL FUNDS 322 6116 66 011 3BX 606 364 l)63 12 322,606 66,IbOO 388 606 332,86() 12,097 3()4 l)63 The uhcqrilable conipanv is entitled ro exemption Iroin audit under S¢¢tion 477 of the Companies Act 2006 tor tlie year ended 31 March ?025. The members have not reqLiired the company to obtain &udit of ils financial statemenis for the year ended 31 March 2025 in accordance with Section 476 01, the Coinpa11ies Act 200(). The Iruslees acknowledge their responsibiliiies for (a) eiisuring that the charitable company keep5 aLeounling records that comply with Sections 386 and .387 of the Companies Aci 2006 and preparing finanLial slalernenls whilh give a Irue and f,?ir view of the slate of affairs of the Lharilable cornpany as al the end of LaL,h tinanLiul yLar and ot ils %urplus or dLtiLil for LaLlI tinunLiuI yLdr in aLL'ordanLL Wlth thL rL'quifLlllLnt% of SLLIIUn￿ 394 and 395 and which otherwise comply with the requireimenls of the Coinpanies Act 2006" relating lo financial statemenls, SO far as applicllble to the charitable Lompany. (b) The notes fonn parl of iliese finaneial statements Page C) continued..- al Souiherii Yacht Club Trust (Re istered nLullber'. 06156598) Balance Sheet - Lontinued 31 MarLh 2025 These financial statements have been prepared in aLcordanLe with the provisions appliLable lo charitable cotnpanies subject tt) the small compaiiies regime. The financial slateinents were approved by the Boai'd of Tru51ees and auihorised for issue on 19 Deceinber 2025 and were signed oli its behalf by: B L Mead - Ttustee The notes fonn parl of iliese finaneial statements Page 7 al Souiherii Yacht Club Trust Noleb lo the Financial Statements for thL YLdr EndLd 31 hqarLh 2025 LEGAL STATUS The Royal Southern Yacbi Cliib Trust is a charitable company, registered in England. The charity is limited by guarantee and Iiu% no %haTe Lrtpitdl. In the LvLnt of u winding up. the liabilitieli of cthLh meiT]ber is limitLd to u Lontributiun til thL Lharituble oinpaiiy's assels of £ l O. The coinpaiiy'5 regvistered office address can be tound on pabFe 3. ACCOU]YTING POLICIES, Basls of preparlng the lln&nclal statements The tinaiici¢il %latements ot" the ch4rituble coinpaiiy, which 1% a public benetit enlily under FRS 102. have been prepared in accordance with Ihe Cl)&rilies SORP (FRS 102) 'Aucounling and Reporting by Charilies: Sialen]enl of Recommended PrdLtiLC appliLablc to charities prcparing thLir aLLounis in accordanLL with thc FinanLial Reporting Standard appliedblL in the UK and Republic ot Ireland {FRS 102} (etlective l .lanuary 2019),, Financial Reporting Siandard 102 'Tlie Financial Reporting Siaiidard applicable in the UK and Republic of Ireland, and the Cotnpanies Acr 2006. The financial slat¢n)ents liave been prepdred under the lii%toricdl co%1 coni'ention. Critieal accounting judgements llnd ke￿ sources uf estimation uncertAinty In the application ot" the charity's accounting, policies, the Trustees ar¢ required to inake judgeineiits, estiillates and assiimptions abolit Ihe carrying amounts of asseis and liabilities thai are not readily appare.nt fro1￿ other sources. The e%liiiidle% dncl u.%.%O¢iLJled d%%iimplions ure ba4ed on hi%toricdl experience dnd other fd¢loi-4 thdi dre eon%idered to be relevaiil. Acrual resulis imay differ from ihese esiimaies. Tlie estiinates and uiiderlyinLV assuinptions are reviewed on an ongyoiiig basii. Revisions lo accountingi estimate5 are recognised in the period in which the eslimaie is revised where the revision affects only that period, or in Ihe period of the revision and future periLKI.4 where revi%ion afte¢l% buth Llirrenl dnd tuture period%. Income All in¢oine is reco&ynised in the Statement of Financial Activities oiice the charity ha$ eiilitlemeni lo the t'unds, it is probable (hal the income will be received and the ainounl can be measured reliably.. Cash donaiions are recognised on receipt. Other donations are recogiiised once the charity has been notified of rhe donation, unless performance conditions reqiiire deferral of the amount. Income ta.K recoverable in relation to donations received under Gift Aid or deeds ot'covenanl al-e i-ecobFnised at the liiTre of the donation. LL'guLiLS ufL rLLugnisL'd L)n rL'L'LipI ur othLflVI%L if IhL Lhdrity hds bLLn nulifiLd uf an impinding di%tribution, tlIL amount i. kiiowi), and receipi is eX￿Cted. If the amoiini is not known, the legacy is treated as a contingei)t asset. Expenditure Liabilities al'e recognised as expenditure as soon as there is a legal or conslruclive obligation commilling the cliarily lo Ihal LXPLndilurL, il li probablc Iliat u tran.sfLr ol. LLonuiiiic bcnLtLt% will bL fLqiiirLd in 8cttlLniinl and IhL amount ol. thL obligdtion can b¢ measured reliably. Expenditure is accouiiled for on an accruals basis aiid has been classified under headings thal aggregate all eosl related to the Lalegory. Where Losls cannot be direeily attributed lo partiLular headings they have been Ilocaled lo aclivilies oli a ba4is consislenl with the iise ot resources. Grdnli offcrcLI subjcct tu Lunditions ivhiLh liavL not bccn Jnct al thc ycar Lnd datL arc nolcd a Lomtnitillcnt but not aLLfuLd .nditure. Taxation Tlic cliai.ily is cxeinpt fi'oin corpoi'alioii tax on its cliaiilablc aclivilic5. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trn8tees. Restricted funds can onl) be used for particular restricted purposes within Ilie objects of Ihe charity. Restrictions arise when PCLified by thL donor or whcn funds arc TalSLd for pthiLular rcslrictcd purposLS. Page 8 continued..- al Souiherii Yacht Club Trust Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 hqarLh 2025 ACCOUNTING POLICIES - continued Flnanelal Instruments Cthsh e&sh iquiv*lLnts Cash and cash equivalents include cash in hand. cash at baiik and other shorl-terjn liquid investTnenls with original maturities of less than three months. Fin#n¥ial Instruments Tlie cllarity has considered and applied the provisions ot Section I I 'Basic Financial Inslruinents and Section 12 '0ther Financial Instruments" of FRS 102 10 all of its financial instruinents. Financial inslrumenis are recognised in Ihe charity's balance slieel when the chariiy becoines party 10 the conlracliial provision ot.tlic instrun)cnl. Financial assets and liabilities are offset, with the n¢1 amoiints presented in the financial statements. when rhere is a legally enforcedble i-igiht io 4et oll. the recogni%ed amoun[% dnd there is no intention to %etile on a net basis or lo reali%e the ds%et und seiile thL. lidbi lily simulianeously. Basic financial assels. which include other debtors aiid bank balances are initially nieasiired at iransaction price including, transaction costs and are subseqiienlly carried at amonised cost using tlie e.ffeLtive inieresl method unless the arrangemeni con%tiliile% M tindncing trdnNMclion. where the tran%dciion 14 meaiured at the pre%enl valiie ot the future receipts di%coiinied al a markei raie of inieresi. Financial asseis classified as receivable wiihin one year are noi ainoriised. Basic financial liabiliii¢s, includingy other creditors. are initially re¢ogynis¢d al transaction price unless the arrangiernent conslilules a financing Iransaclion, where Ihe debt insirliment is measure ai Ihe presenl value of the future payinenls di4cvunled al a market rale ol. interelt, FindnLial liabilities ¢las%ified as Pdyable within one year are nut amurlised. Debi inbiruinents are subsequently Larried at amortised Lost, using the effeLlive iniei'est rate method. DONATIOIYS ALND LEGACIES 31.3.25 31.3.24 Donation% & gift Grants 44,1480 1.013 3,X40 3,(K)O Grunts rcLcivcd. includcd in thL abi)VL, arL a% follows.. 31.3.25 31.3.24 Other ¥ranls Page 9 continued..- al Souiherii Yacht Club Trust Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 hqarLh 2025 INVESTMENT INCOME 31.3.25 31.3.24 Deposit account int¢r¢st GRANTS PAYABLE 31.3.25 31.3.24 General 39.920 All L7fdnt4 mude were to individual%. A total of £35,305 {2024 £39,920) LTrdiil.s were niade to 54 recipient%. SUPPOR T COSTS Governance costs Management Finance Totals General 21111 NET INCOMEIIEXPENDITURE) Nel incomellexpendiiurel is siaied after chargintylcrediiing): 31.3.25 31.3.24 Independenr examiners, reimuneralion for ac¢ounlancy services TRUSTEES, REMUIYERATION ALYD BENEFITS Tliei'e w¥i'¢ liv Ii'utyLee%' I¢iiiuii¢i'iiiior) oi. uilieI' bviiefil% l ur Ilie yeiir eiid¢d 31 M&i'LlI 2025 iiui. IVI. Ili¢ y¢dl' ¢iideJ 31 Nldrili 2024. Truslees, expenses Tliere were no trustees, expenses paid for the year ended 31 Marcli 2025 nor for the year ended .31 March 2024. P¥AEe l O continued..- al Souiherii Yacht Club Trust Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 hqarLh 2025 COMPARA TIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Totsl funds INCOME AND ENDOIVMENTS FROM Donationb and legaLies 6,840 6,840 Inveslinenl income 24.171 EXPENDITURE ON Charitable activities General 12.175 43.776 NET INCOMEI(EXPENDITURE) (7,430) {12.1751 (19,605) RECOLNCILIATION OF FUNDS Total funds br()ught forward 34U,296 44.272 3144,568 TOTAL FUNDS CARRIED FORWARD 332 866 364 963 io. DEBTORS 31.3.23 31.3.24 Anivunt4 fiilling duL wiihin onL' yLur'. other debiors Amounts fallin¥ due after more thon one year.. Olhei- debtors 154.313 .107 000 158?00 A&Fgyre!yate amounts 307 000 312 513 The amuunts due from Royal Southern YuL,lil Club Limiled, L307,OOQ (2024 , £307,000), whiLli are subjeLI t(J interest ul 0.250/tr above base raie subject lo a miniinwn of 3.250/y per annum. The lernis ol" the loans are as per agreeinents dated 24 October 2024. P¥AEe I I continued..- al Souiherii Yacht Club Trust Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 hqarLh 2025 ii. CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 31.3.25 31.3.24 Oth¢r cr¢ditors Accrued expenses 2,195 12. MOVEMENT IN FUNDS Net movenienl 111 funds Al 31.3.25 At 1.4.24 UnrestriLted funds General tund 332,866 (10,260) 322.606 Restrieted funds Acadeniy Occan Youth Trust 2,097 (2,097) 36.000 .1.1.91).1 .12.097 364 963 TOTAL FUNDS Nel movement in funds. included in the above are as follows.. Incoining resoiirces Resources expended Movement in funds Ilnre%tricted fiinds Cjenerul tiind 20,49I (30,75] ) (10.260) Restrieted funds Acadeiny Q¥¢uii Yuuili Trii%1 12,097) 5 111111) (2,097) .Ih.IMIo -13,903 41.1100 TOTAL FUNDS 37114¥) P¥AEe 12 continued..- al Souiherii Yacht Club Trust Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 hqarLh 2025 12. MOVEMENT IN FUNDS - continued Comparxtlves for movement fin funds Net movement iii funds Ai 31.3.24 At 1.4.23 Uiire%lri¢l¢d funds General tund 340.296 (7,430) 332,866 Restrieted funds Academy 2.847 1.425 5,000 {750) (1,425) (5,OOll) 2.097 William Courtney Ocean Youth Trus¢ 30.000 12 175) 19 G05) TOTAL FUNDS 384 568 364 Y6J Comparative nei movetn¢nt in funds, in¢lud¢d in the above are as follows.. Incoining resourL'es Resources expended Movement in lunds Unrestrlcted funds CJener¢il I"Iind 24,171 (31,()01) (7,430) Restricted funds Acadeniy Madin Williain Courtney Ocean Youth Trust (750) {1,425) (5,OOn) (750) {1.425) (S,(K)O) 12.17.51 43 77(i) 1? 175) TOTAL FUNDS A current year 12 inontlis and prior year 12 Inonlhs coinbined position is as follows.. Net movement in funds At 1.4.23 31.3.25 Unrestricted funds General tund 34fl.296 (17,690) 322,606 Restricted fund& Acadeniy Ocean Youth Trust 2.847 (2,847) 66,000 TOTAL FUNDS 384.568 P¥AEe 13 continued..- al Souiherii Yacht Club Trust Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 hqarLh 2025 12. MOVEMENT IN FUNDS - continued A current year 12 inonihs and prior year 12 months coinbined nel inovernenl in funds, included in the above are as follows: Tncoining resources Resources eApended Movement in funds" Unrestrlcted funds GLnLr&l fund {62,352) (17,6901 Restrleted funds Acktdeniy Ocean Youth Trusi (2,847) i 0.000) 12,847) $1624) {2,847) 31,000 28.153 41.000 41,000 85 ()62 TOTAL FUNDS R¢slricled funds are l)¢ld for the purpose of making grant lo Ocean Yoiiih Trust South. Donalions are r¢slricled lo £5.0￿ per nniim. 13. RELATED PARTY DISCLOSURES During The year, the chariiy entered into the following transactions wilh relaied parties. Interest reLeived Management expense 2025 £15,882 2024 £16,425 2025 2024 Royal Southern Yachl Club Limited £Nil £13 14. GOING COLNCERIY No material uiicertainlies have been identitied in relation lo the gioin&y concem status of tlie charity. Page 14 This document was delivered using electronic communications and authenticated in accordance with thc registrar's rulcs relating to elcctronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.