Charity Registration Number: 1126401
TUBESTATION
POLZEATH
EST.06
Trustees, Report, Independent Examiner's
Report and Financial Statements for the year
1st January 2024 to 31st December 2024

TUBESTATION
POLZEATH
EST.06
TU8ESTATION
Report of Ihe Trustees for the year ended 31 St De￿mber 2024
The trustees present their annual report and independen￿Y examined financial slalements for the year
ended 31 St December 2024 and confimi they comply wilh the Charities Act 2011. the constitution and
the provisions of the comply with Chaiity commission reporting guHYance SORP IFRS1021.
Reference and Administrative Information
Charity Name
Tubestation
Charity Registration Number
1126401
Address
Trebelherick Hill
Polzeath
Comwall
PL27 6TB
Board of Trustees
Names of the trustees who manage the charity during the financial year and lo the dale of this report..
Daniel Jones (Chairl
Martin Taylor
Gabriella Askwtth
Independent Examine
Trudgeon Halling
Wadebridge
Coinwall
Bank
HSBC
Molesworth Street
Wadebridge
Cornwall

Organizational structure
Tube5taiion is a ch￿lty registered with the Charity Commission under charity number 1126401, set up
and run by members of Polzeaili Methodist Church.
The Charity tru.4tees give their lime freely and receive no remuneration or other finan¢ial b¢n¢fi15 for
b¢ing trust¢es.
To ensure the smooth running of the charity the lrnslees delegote operotional responsibility to a
leadership team to oversee day lo day aspects of the ¢hArity's work. Thi5 leadership team also functions
a% thc Polzcaih Mcthodist c.hurch council with the authority to act on behalf of Polzeaih Methodist
Church.
Objectives and activities
Our aims
Tubeslatton .seeks creative ways io use ils resources and links to bcncfit people and build community,
particularly within the surf and coastal Culture of Cornwall.
Chxritable object5
To assist and maintain a Christian wiiness within thc surfing community.
To provide for the b¢n¢fil of ihc inhabitants of Polzeath and ihe suThounding area and the
public at larg¢ facilities and resources in the interests of social welfare for recreation or other
leisure time occupaiton with the objects of improving their ¢ondiiions of life and PTOtnoting
greaicr Sense ot community cohesion.
To aci as a re%ourL¢ fi)r yi)ung pcoplc by providing a warm safe place to meet iogeiher and
organizing activiiies as a means ol-advancing in lite and hclping young people b), developing
their skn.lls ¢apaciiies and c8pabili(ieb io enable them to participate in sociely as independent
mature and responsible individuals by way of improving their access io culrnre. sport and play
and positive out of school.
Strategies
Tubesiation was started as a small not for profit organizalion in O¢tober 2006, wilh an ovcrsight
¢ommitt¢c, 2 grani funded employees and an unde￿sed chapel (Polzeaih Methodisi Chur¢hJ ab Ils
premises. Tubeslaiion has sought io improvc and build upon the capacity of these resources to serve
and be of benefit 10 the surrounding community, and in October 2008 Tubestation registered as
charity.
The Tubeslation building is open lo the public most days, right through the year, 8nd is staffed by a
small team of paid staff and volunlc¢rs. A stnall number of commercial elements have b¢en in¢lud¢d
To make the project as self-sufficieni as possible, and also to help meet ihc purposcs. Jt is also home to
a worshipping Christian community which meet.s on Sundays and at other timcs durinE the week in
various fornis.

By keeping) our eyes open to the Changinby needs of the surrounding community, Tubestotion's trustees,
staff and volunteers actively s¢¢k ways in which resources can be used lo better benefii and build
community - both in Polzeaih and oiher local communilies on the coast which have an active surf
culturc. as pcr the charity's obJective5. Sirategies employed may include joining the local Residents or
Parish A550cialion, clubs where appropriate. and getting involved with Councils to build relationship.
or providing space and opportunities for such local groups to flourish within Tubestation space.
Th¢ Charity and its activities are promoi¢d and advcrtised in a number of ways including Facebook,
Instagram. email. by word of mouth io church and other community ¢onta¢ls. leaflets. posters,
newspapers, as well as newsletters. Tubestalion Polzeath has found that il serves a broad conimunity
which includes local residents.. local clubs and assoLiations- people on holiday in the area: travelling
surfers and churchgocrs,. and as relations with each group continues lo grow, so too does publicity by
word of mouth.
Tub¢s(ation's vi)luni¢¢rs alsu s¢¢k tv bc uf rncourag¢ment and hclp to any oihcr church or community
organizalion that wishes to serve ils community better.
Communlty a¢¢li'l¢ies
During the year under review OUT community building in Polzcath, closcd its regular cafc, due lo
financial pressures and our lay pasior stepped down. However: we continued to provide a valuable
spac¢ - we opened on Thursdays prayer m¢etings. Fridays for 2 toddler group and Sundays for our
church service. We a150 opened for two days a week during the summer holidays. This provided a
warm welcome, tca, coffee and cake5 for visilors who were passing through. Furtherniore. this
primarily offerq a Sale place for people to come and includes an indoor skaleboard ramp. board games.
music. food and drink. indoor and outdoor scating on two largc wooden decked arcas and wi-fi
intcrnct. The comniunily surf club has continued to usc the building. crcating great rclationships with
lo¢al surfers.
The beachside localion makes for a creative working environment and when open the facility has
prov¢d itsclf as being of Yalu¢ to thosc 5¢cking a place to work. to mcct, or just relax. It is rcgulaTIy
sed for communiiy meetings, busines5 functions, or as a neutral space for individuals to work or study
away Irom home.
Zeaih Gallery is a Ven￿re which operates from the room below the skate ramp and serves to encourage
local creativity and build community based around ihe arts as well as being a source of income for the
Charity. A5 well a5 the gallery the vcnue in Po17.eaih CU￿entlY allocates much of its wall spacc to hang
paintings and photographs by local artists and photographers, and also provides ihe publi¢ with
organized exhibitions by local artisls on site. The primary purpos¢ of the gallery ts to ¢r¢at¢ and
encourage cornmunity for local artisls.
Polzeath Methodist Church offers a public service every Sunday at l Oam. The service welcome%
hundreds of holiday makers each year who enjoy th¢ location and hospilality provided by the small
local congregation. Over the past year the Sunday school have benefited from surf lessons And a range
of creative activilies which has helped us engage more with local faniilies. We had 2 child dedications
and one funeral held at the church over the year which were great opportunities to celebrate with our
communTty.
Many thanks to the staff. volunieers and supporters who mak¢ it possible for Tubesiation io open its
doors and operate thioughoul the year.

Par¢ner$hlps
Tubestation benefils from adapting and using the policies and iraining of the Meihodiqi Church, and is
well known across the wider Methodist Church as a vibrant ¢hurch and outreach io ihe local
community.
Tubestation work.q in partnership with Christian Surfers UK to host the Jesus Longboard Classic surf
¢omp¢tition.
Polzeath Methodist Church r¢nts some spac¢ io George's Surf School for board slorage. The surf
school operates from the site and provid¢ surf le%son% for both individuals and comtnunity groups.
Georg¢'s surf school also facilitates lh¢ local community surf days for all agcs.
Publie benefit
The ¢harity values a running dialogue with all its Users and other members of the public about what it
offers lo ensure it is m¢eiing its obj¢¢tives dnd consianily improving its public benefils.
Fln2)Jeial Review
A meeling was held with the wider communtty io discuss the future of the cafe early in 2024 and the
decision was taken lo temporarily close the café in March 2024 in order to achieve a break-even budget
(or 2024. This allowed outreach activities to run independenily from the café.
The closure of the café reduc¢d rnnning cosis and ther¢fore reserve requirements by around 51Y/.
In 2024 Tubestation achieved a surplus of £10,762 which in¢re¢ised our unrestrictcd reseTves ¢0
£50,863. This alongside our restricted building fund of £34,672 allow's for future building works which
will enabl£ our building to better serve the community and mission.
Reserves Policy
The reserves policy is to keep a minimum of three months basic running cosis. This policy is reviewed
periodically by the tTUStce5.

Plan5 for future periods
The site at Po17eath has been a Methodist chapel since 1933 gnd Tubestation has been in operation as a
not-foi-profii organization since 2006.
During ihe year we got local authority planning perniission and support from our lo¢al Methodist
Circuit for new plans to r¢fr¢5h the sit¢ and make it better suited to the curr¢ni n¢¢ds of ihe users and
community. The new plans aim to addr¢ss issues wilh the decking, the marqvec and ihe kitchen
outlined below.
We have madc repairs to the decking and it is becoming increastng apparent ihai this needs to be
rcplaccd as a rnatter of urgency as strnctural Iinibers are rotting. Our temporary marquee which has
been crected each year provides much needed extra space, but we would like lo develop ihis into a
more pennan¢nt space with a betier flow into thc building to allow more capacity during the holiday
season. Our kitchen is large and diqjoinled and the currcnl setup does not allow for a single employee
to operate the café over th¢ qui¢ler seasons. We are looking to strcamline the kitchen to make it easier
to operate.
Risk maDa2emen¢
The trustees hav¢ ass¢ss¢d the risks th¢ charity facc5 and havc made a series of assessments which
identify the major risks by ar¢a of aciiviiy, iypes of risk, their potential scvcrity and likclihood. and the
mcusures taken to manage them. This risk register is reviewed at least annually, or mor¢ fr¢quenily
depending on the risk.
Th¢ finances of the charity are kepi under revieiy and there are policies in place to ensure the charity's
financial systems represeni bc5t PQS5iblc practicc.
Appropriate checks, supported by a regularly r¢vieived Safeguarding policy, are made for those who
work ￿'[th childrcn or other Trwlnerable groups on behalf of Tubestation.

Stalement of Trustees. re5POnsibilitie$
Truslees are responsible for preparing an annual report and financial statements in accordance with
applicable law and United Kinb)dom Atcouniing Standards (United Kingdom Generally Accepted
Accounting Practice). The law applicable lo ¢haritics in England and Wales requires the charity
Irustees to prcpare financial stat¢m¢nis for ¢a¢h year which give a truc and fair vicw of th¢ slatc of
affairs of ihe charity and of the incoming resources and application of resources of the chariry for that
p¢riod. In preparing the financial slatements. the trustees are
required to..
select suitable accuuntin¥ policic5 and tl)en apply ihem consislently,.
observe the methods and prtn¢iples in The Charilics SORP.,
• make judgments and estimates ihai are reasonable and pNdeni:
state w,h¢thcr applicable accounting standards have b¢en followed, subj¢¢t lo Jny ma¢¢rial d¢partures
disclosed and explained in the financial ststements;
prepare the financial 51atcmcnts on thc going concern basis unless il is inappropriate io presume ihat
th¢ Charity will Continue in bvsiness.
The trustees are responsible for k¢¢ping proper accounling records that disclose with Teasonable
accuracy at any time the financial position of the charity and to enable them to ensure ihat the financial
statcmcnts comply wilh Charity commission reporting guidance SORP {FRSI 02). and th¢ provisions of
¢hc constitution. They are also responsible for safeguarding ihe assets of ihe charity and hen¢¢ idking
reysonable steps for thc prevcntion and dctection of fraud and other irregulariiies.
Tbe trustees for the purposes of ¢harity law who served during the year and up to ihe date of ibis report
are set out on the froni page of this report.
Approved by the trnstee5 and signed un their behalf by..
)?￿-
Name..
Daniel Jones
Position Chair of trustees
Dale:
1611.Q12025

TUBESTATION
Independent Examiners Report For the year ended 31 st December 2024
Independent examiner's report to the Trustees of Tubestation
I report to the Irustees on my examination of the accounts of Tubestation for the year ended
31 December 2024, which are set out on pages 8 to 24.
Responsibilities and basls of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the Acl'}.
I report in respect of my examination of the Trustee's accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charily Commissioner Ltnder section 145{5)(b) of the 2011 Act.
Independent èxaminer's ststement
I have completed my examination. I confirm that no material matters have come to my
8ttenlion in connection with the examination giving me cause to believe Ihat in any material
respect..
{1) accounting records were not kept in respect of the Trust as required by section 130 of the
121 Ihe accounts do not accord with those records,. or
{3) the accounts do not comply with the applicable requirements concerning the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008
other Ihan any requirement Ihat the accounts give a 'true and fair view, which is not a
matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a proper
understanding of the accounts lo be reached.
)p4
Joseph Tamblyn FCA
Trudgeon Halling
Chartered Accountants
The Plalt
Wadebridge
Cornwall
PL27 7AE
Date:

Tubestation
Statement of Financial Activities for the period ended 31st December 2024
Total funds Total Funds
Endowment 0110112024 . 0110112023 -
funds
3111212024 3111212023
Unre$tri¢t8d
lunds
Restricted
funds
Note
Incoming resources
Incoming resources from generating funds
Donations and legacies
70,674
Charitable activities
7,508
Other trading activities
2,384
Investment income
875
Total incoming
resources
5,060
1,364
75,735
8,872
2,384
875
63,388
79,357
17.955
1,325
81,441
6,425
87,866
162,024
Resources expended
Costs of Generating Funds
Other trading activities
Grant making
Charitable activities
4,461
21,492
36,081
4,461
21,492
47,930
7,005
23,480
161,021
8&10
11,849
Governance costs
12
3.221
3,221
3,963
Total resources
expended
65,254
11.849
77,104
195,469
Net incoming/(outgoing)
resources before transfers
16,187
(5,425)
10,762
(33,445)
Transfers
funds
Net movement in funds
16,187
(5,425)
10,762
(33,445)
Reconciliation of funds
Total funds brought
forward
Total funds carried
forward
34,676
40.097
74,772
108,217
50,863
34,672
85,533
74,772

Tubestation
Balance Sheet as at 31 December 2024
2024
2023
Note
Fixed Assets
Tangible assets
16
3,651
6.865
Current Assets
Stocks and work in progress
Debtors
Cash at bank and in hand
126
17
85,446
85,446
71.779
71.905
Credltors: Amounts falling
due within one year
18
3,566)
4.000
Net Current Assets
81,880
67.905
Net Assets
85.534
74,772
The funds of the charity
Restricted funds in surplus
Restricted funds in deficit
Total restricted funds
20
20
34,672
40.097
34.672
40.097
Unrestricted funds
Unrestricted income funds
20
50,863
34.676
Total charity funds
85,534
74.772
The financial statements have been prepared in accordance with the Financial Reporting
Standard FRS102 and in compliance with the Statement of Recommended Practice
'Accounting and Reporting by Charities. (SORP FRS102).
Approved by the Board on .
1611012025
. And signed on its behalf by:
JPk-
Name: Daniel Jones
Position: Chair of trustees
The notes on pages 10 to 24 form an integral part of these financial statements.

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
Statement of compliance
The finan¢ial statemenls have been prepared in accordance with the Charili&s Act
2011.The have also been prepared in compliance with the Statement of Recommended
Practice "Accounting and Reporting by Charities" ISORP FRS102) and FRS102, the
Financial Reporting Standard applicable in the UK and republic of Ireland. Tubestation
is a public benefit entity.
The Truslees consider that there are no material uncertainties about the charIt￿S ability
to continue as a going concern. The charity's trading activities continue to perform well
and the charity expecls to continue to received sufficient grant funding to allow it to
meet it's objectives.
1 Accounting policies
Basis of preparation
The financial slatements have been prepared on a going ¢on¢ern basis under the
historical cost convention.
The financial statements are prepared in sterling, which is th8 functional currency of the
entity.
Fund Accounting Policy
Unreslricted income funds are general funds that are available for the use at the
Trustees, discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for the use in a particular area or for spe¢ifi¢
purposes, the use of which is restricted to thal area or purpose.
Designated funds are unrestricted funds set aside at the discretion of the Trustees for
specific purposes.
10

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
Incoming resources
Voluntary income including donations and grants that provide core funding or are of a
general nature is re¢ognised under the accruals model where there is entitlement,
certainty of receipt and the amount can be measured with sufficient reliability.
Government grants are recognised under the performance model as required by the
Charities SORP (FRS102).
Gifts in kind are recognised where goods or services are provided free of charge and
the cost can be determined with a reasonable level of accuracy.
Incoming resources from lax reclaims are included in the statement of financial
activities at the same time as the gift to which they relate.
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as earned (as the related
900ds or services are provided) under contract.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation
committing the charity to the expenditure. All expenditure is accounted for on an
accruals basis and has been classified under headings that aggregate all costs related
to the category.
Costs of generating funds are the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of
its activilies and services for ils beneficiaries. It includes both costs that can be
allocated directly to such activities and those costs of an indire¢t nature necessary to
support them.
Grants payable are payments made to third parties in the furtherance of the charitable
objectives. Where Ihe charity gives a grant with conditions for its payment being a
specrfic level of service or output to be provided, such grants are only recognised in the
SOFA once the recipient of the grant has provided Ihe specific service or output.
Grants payable without performance conditions are only recognised in the accounts
when a commitment has been made and there are no conditions to be met relating to
the grant which remain in the control of the charity.
Provisions for grants are made when the intention to make a grant has been
communicated to the recipient but there is uncertainty about either the timing of the
grant or the amount of grant payable.
11

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
Governance costs
Governance costs include costs of Ihe preparalion and examinalion of the statutory
accounts, the costs of Trustee meetings and the ¢osl of any legal advice to trustees on
governance or Constitutional matters.
Support Costs
Support cosls include central functions and have been allocated to activity cosl
categories on a basis consistent with the use of resources, for example, allocating
property costs by floor areas, or per capita, staff costs by the time spent and other costs
by their usage.
Fixed assets
Individual fixed assets costing £100 or more are initially recorded al cost.
Tangible fixed assets are measured at cost less accumulative depreciation and any
accumulative impairment losses. Depreciation is provided on all langible fixed assets.
other than freehold land. at rates calculated to wrile off the cosl, less estimated residual
value, of each asset evenly over its expected useful life, as follows:
Planl and machinery
Fixtures and fittinqs
Motor Vehicles
Property
Office Equipment
over 5 years
over 5 vears
over 4 years
over 5 years
over 3 years
Stock
Stock is valued at the lower of cost and net realisable value.
Debtors
Short term debtors are measured al transaction price.
Creditors
Short term ¢￿dItorS are measured at transaction price.
Financial instruments
A financial assel or liability is recognised only when the charity becomes party to the
contractual provisions of the instruments.
Basic financial instruments are initially re¢ognised al the transaction price, unless the
arrangement Gonstitutes a financing transaction, where it is recognised at the present
value of the future payments discounted at a market rate of interesl for a similar debt
instrument.
12

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
2 Donation and Legacies
Unrestrlcted
Funds
Restricted
Funds
Endowment
Funds
2024
2023
Donations and legacles
Committed
giving
Appeals and
donations
Gift Aid tsx
reclaimed
26,921
26,921
29,045
39,533
3.060
42,593
27,782
4,220
70,674
4,220
73,735
4,561
61,388
3.060
Grants
Grants - other
agencies
2,000
2.000
2,000
Gifts in kind
Appeals and
donations
70,674
5,060
75,735
63,388
3 Grants Receivable
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2024
2023
Donations and legacies
Edgar E
Lawley
Foundation
2.000
2,000
2,000
2,000
2,000
2,000
13

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
4 Charitable Activities
Unrestricted
Funds
Restrlcted
Funds
Endowment
Funds
2024
2023
Charltable actlvlty Misslon and
Café
Tubestation
7,508
7,508
1,364
1.364
8,872
8,872
79,357
79,357
5 Other Charitable Activities
Unreslricted
Funds
Restricted
Funds
Endowment
Funds
2024
2023
Operaling A¢tivily Zeath and
Merchandise
Sales of
goods on
commission
Youth Work
Other income
arising from
the café
2,384
2,384
17.955
2,384
2,384
17,955
6 Investment income
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2024
2023
Solar Panel
Income
Interest on
cash deposits
668
875
875
657
875
875
1,325
14

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
7 Fundraising trading: other trading activities
Unrestricted
Reslri¢ted
Endowmenl
Funds
Funds
Funds
2024
2023
Operating Activity Zeath and
Merchandise
Cost of goods
sold
Support costs
allocated
4,461
4,461
4.461
4,461
7.005
7,005
8 Details of charitable activities
Activities
undertaken
directly
Grant funding Support Costs
of activities
Allocated
2024
2023
Charitable
Activity Café
and Mission
3,702
21,492
44,228
69,422
184,501
ECLAS - life
on edge
3,702
21,492
44,228
69.422
184,501
15

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
9 Support costs
Zeath and
Merchandise
Mission
Govornance
Total
Employment costs
Pension costs
Staff training and welfare
Eslablishment Costs
Repairs and maintenance
Office expenses
Printing, posting and stationery
18,940
297
1,950
5,599
11,616
1,558
18,940
297
2,350
6,746
13,996
1,877
399
1,147
2,379
319
32
105
157
514
189
619
Subscriptions and donations
Travel and subsistence
Advertising and promotion
Accountsncy and payroll fees
Independent examination fees
Bank charges
VAT flat rate adiustmenls
Depreciation of tangible fixed
assets
212
256
2,081
1,140
2,081
1,140
207
35
172
3,212
44,228
3,212
51,910
4,461
3,221
10 Grant making
Grants to institutions
Grants to individuals
Charilable
Activities
21,481
10
16

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
11 Grants to institutions
Name of institution
Polzeath Methodist Church
Creation Fest
Christians Against Povety
Christian Surfers
Jesus Longboard
Activity
Mission
Mission
Mission
Mission
Mission
18,818
457
1,200
456
550
21,481
12 Governance costs
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2024
2023
Support costs
allocated
3,221
3,221
3,221
3,221
3,963
3,963
13 Trustees. remuneration and expenses
During ihe year the following remuneration was paid to trustees. The trustees were paid in relation
to additional work undertaken by themselves on behalf of the charity not paid in relation to their
position as a trustee of the charity as allowed by the charity's governing constitution.
2024
2023
Mrs S Doyle
12,305
22,450
No expenses were paid to trustees during the current or previous year.
During the year pension contributions totalling £332(2023.. £486.30) were made by the Gharity for
the benefit of Mrs S Doyle.
17

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
14 Net outgoing resources
2024
2023
A¢¢ounlants fees for Independent examination
Accountants fees for accounts preparation and payroll services
Depreciation of tangible fixed assets
1.140
2,081
3,212
1,094
2,869
3,824
15 Employees. remuneration
The average number of persons employed by the charity (including trustees) during the period
was as follows:
2024
No.
2023
Charitable a¢livilies
The aggregate payroll costs of these persons were as follows:
2024
2023
Waqes and salaries
Pension Costs
Social security
18,940
297
79.508
653
19,237
80,161
No employee ￿ceiVed remuneration amounting to more than £60,000 in either year.
18

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
16 Tangible fixed assets
Freehold
inlerest in
land and
buildings
Plant and
machinery
Fixtures.
including
fittings and
motor vehicles equipment
Total
Cost
Asat1
Januarv 2023
Additions
Disposals
As at 31st
December
2023
1,063
43,955
21,123
66,141
1,063
43.955
21,123
66.141
Depreciation
Asat1
Januarv 2023
Charoe
On disposals
As al 31st
December
2023
1,063
41,654
575
16,559
2,638
59,276
3,214
1,063
42,229
19,198
62,490
Net book
value
Asat1
January 2023
Asal 31st
December
2023
2,301
4,564
6,865
1,726
1,925
3,651
17 Debtors
2024
2023
Trade debtors
Other debtors
19

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
18 Creditors: Amounts falling due within one year
2024
2023
Bank loans and overdrafts
Trade creditors
Taxation and social security
Accruals and deferred income
607
132
3.434
3,566
3,393
4,000
19 Related parties
Controlllng entity
The charity is controlled by the trustees. Operational management of the charity is delegated by
the trustees to the Church Council of Polzeath Methodist Church.
Related party transactions
Polzeath Methodist Church
Polzeath Methodist Church is a separate charity which is excepted from registration with the
Charity Commission. The Polzeath Methodist Church Council acts as its managing trustees with
responsibility for the site and building. Tubestation makes payments to Polzeath Methodist
Church to cover the "assessment" or contribution paid by Polzeath Methodist Church lo Bodmin.
Padstow and Wadebridge Methodist Circuit (registered charity number 1153871). During Ihe year
the charity paid Polzealh Methodist Church £18,818 (2023: £18,061).
Other users of the Tubestation site
George's Surf School rent space underneath the decking for board storage from Polzeath
Methodist Church. George's Surf School offer surf therapy and communily surf programmes
through its associated Community Interest Company {CIC) Another Wave. There are no
payments belween Tubeslation and George's Surf School or Another Wave.
Grants & support for events:
A lotsl of £1,006 (2023.. £2,459) was paid to Chrislian Surfers, a UK registered charity, for whom
Tnjstee Philip Williams also act as trustee. £456 was paid as a charilable grant and £550 was
paid in sponsorship of the Jesus Longboard Classic12023- £1,914 was paid as a charitable grant
and £545 was paid in sponsorship of the Jesus Longboard Classic).
20

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
20 Analysis of funds
At 31st
December
2024
At 1st January
2024
Incoming
Resources
Resources
Expended
Transfers
Designated Fund
Hardship fund
10
10
General Fund
Unrestricted
income funds
34,676
81,441
(65,244
10
50,863
Restrlcted Funds
Esta
ECLAS- Life
on Edoe
Specific
Equipment
Building fund
40,097
40,097
6,425
6,425
11,849
11,849
34.672
34,672
74,772
87,866
(77,1041
85,534
21 Transfers
During the year £1012023.. £1,422) was transferred to the Hardship Fund from unrestricted funds
lo assist with the Hardship Grant paid during the year.
21

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
22 Net asset by fund
Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2024
2023
Tangible
assets
Current assets
3,651
3,651
6,866
50,774
34,672
85,446
71,905
Creditors..
Amounts
falling due
within one
year
3,5661
50,859
3,566
85,534
4,000
74,772
34,672
Hardship
Fund 2024
Hardship
Fund 2023
Resources expended
Charitable aclivilies
10
10
1,422
1,422
Net outgoing resources before transfers
(10)
(1,422)
Transfer
Gross transfers be￿een funds
10
1,422
Net movements in funds
Reconciliation of funds
Total funds brought forward
Total funds Garried forward
22

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
Unrestricted Unrestricted
In¢ome Fund Income Fund
2024
2023
Incoming resources
Donations and legacies
Charitable activities
Other tradinfj activities
Investment income
Total incoming resources
70,674
7,508
2,384
875
81.441
61,388
79,357
17,955
1,325
160,024
Resources expended
Other trading activities
Grant making
Charitable activities
Governance costs
Total resources expended
4,461
21,492
36,081
3.221
65.254
7,005
23,480
155,007
3,963
189,455
Net outooinq resources before Iransfers
16,187
{29.430)
Transfers
Gross transfers between funds
Net movements in funds
16,187
(29,430)
Reconciliation of funds
Total Funds brought forward
Total Funds carried forward
34,676
50,863
64,106
34,676
23

Tubestation
Notes to the Financial Statements for the year ended 31 December 2024
Building Fund Building Fund
2024
2023
6,425
2,000
Voluntary income
Activities for generating funds
Investment income
Incominq resources from charitable activities
Total incoming resources
6,425
2,000
Resources Èxpended
Fundraising trading.. advertising, repairs and
maintenance & fixed assets
Charitable activities
Governance cosls
Total resources expended
11,849
6,014
11,849
6.014
Net outqoing resources befor8 transfers
(5,425)
{4,014}
Transfers
Gross transfers be￿een funds
Net movements in funds
(5.425)
{4,014)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
40,097
34,672
44,111
40,097
24