Company registration number: 07421247 Charity registration number: 1140191 Combat Surfers Trading as Surf Action IA company limited by guarantee.) Annual Report and Unaudited but Independently Examined Accounts For the year ended 31 October 2022 AML Accountancy Solutions Ltd 52 Laity Fields Camborne Cornwall TR14 8RT
Combat Surfers Contents Pages Reference and Administrative Details Trustees. Report 2to5 Independent Examiners Report 6t07 Statement of Financial Activities Balance Sheet Notes to the A¢count8 10t020
Combat Surfers Reference and Administrative Details CharityNam6 Combat Surfers Charity Registration Number 1140191 Company Reglstfatlon Number 07421247 (Registered in England & W8le$} Registered Offlce 52 Laity Field5 Camborne Cornwall TR14 8RT Truste•s Alan Rowe Debor8h Harrison Douglas Bell Key Management Parsonnol M8rkWesson - Manager Mel Sanders DSTOICo8ching and Mentoring, Armed Forces Famikn'es and Veterans Support Officer. Bankors Barclays Bank 819 Jew Street Penzance Cornw811 TR18 2TW Ind•p•nd¢nt Examln8r Adam Sloan IACCA FMAAT AATQB CAT) AML Accountancy Solutions Ltd 52 Laity Fields Camborne Cornwall TR14 8RT
Combat Surfers Trustees, Report The Trustees, who are also directors ofthe chartyforthe purposes of the Companies Act 2006, present their report wrth the unaudited finoncial slatements of the charttyforthe yearended 31 Octobei 2022. Objectives and Activities The charity's objectives are: 1. To promota and protèctth8 physical 8nd ment81 health, w8llbeing and wglfare of: il Those individuals who have been injured or suffered illness whilst serving in the Armed Forces of ltte Clown. reserve forces ond the civili8n emergency Services. 8nd ill Their dgpendants and carers. lill Those civilians which the Irustee3 mayfrom time to time deem to W81T8nt support. By any lawt¥Jl chari18ble purposes, but not 8xcIu81vely, the tollowin& al The provision of treatment and support. includln8 Introduclng them to surting and other high intenslty water spon8. bl Involving th8m in peer group activities, and cl Providing them with such facilrties, equipmeni or service818uch a8 the provision of a rghgbllitation and recovery centrel 88 the trust99s moy Irom time to time decide. 2. To as85818erylng and forrner membgrs ofthe Armed Forces ofthe Crown to resettle and r•habilrt8te into clvlllan life, but not exclusively bylhe provlsion otsupport services. advi¢¢. guidance. employmant support, iuition and h881thcare where appropr58te. The truslee8 con8Sder the charity's oblectives to be ¢onsist¢nt with the Charity Commi88iOn'8 guSdance on publi¢ b8nofit. Achlov8ment8 and Portormanco Surf Actlon h88 this yeor run tsvglvg cour¥88 for voterans, serving personnel and their famili88, thi8 equates to 104 children and 65 pareni8lguardians ofthe children. vthich has been 8great success. These courses and programmes were klndly lunded by the Armed Forces Covenont Trust Fund under the farnily's programme. During this tlme. we also engaged with 85 individuals in the Changing Minds Project funded ty the N8tional Lottery Communty Fund. Workingwith ourtberapy professionals 8nd volunieers we have seen some greatchonges in people's lives 8nd hope to bring them some sèmblancg of nomiality and give them a sense of purpose to be able lo lunction 8$ independently as possible with support from their rèspective communities. Once our cllent8 flnlshetj thelr individual course they worked closely wrth Ouf Coach ancl mentor to develop progr8mmes 8nd sijpport for themselves wrth a new insight into posrttve outcom88. SurfAction's surfmentors andvolunteers have been an integralpart otthisjoumeyand wrth their help we have been able io act immediately v¥ith early intervention. so no one drifts too far away. During 2021122 we have built more contacts Wlth the Arrned Forces community, public sectoi and other community gioups and charities. These give us great coverage and a referral Pathway for individuals to engage with &Jrf Aciion. Walking group8 in Liskeard, Bodmin and Porthleven have been encouraging as this has attracted older age groups which has been fantastic.
Combat Surfers Trustees. Report A 8p8clalth8nks goes to Derek Coad (Chairman of the RBL Bodminl for hi8 continued 8UPPOrt. The sea swimming course. with our pshOL0St Nick Banfield: workingon positive psychological iechniques- has proved invaluable to SurtAction's goals 8nd achievements. The National Lottery Community Fund awarded SurfAction £245.7LN)through thecommunitylun(J over 8thr88-year project which has commenced. Surf Action eng8ged wilh The Family Hub tsam at Cornwall Council and rnarketed the courses via the Volunt8ry Sector Forum websrte. This relationship has proved fruitful. and we have rec81ved several family referrals, which we 8re ple886d 10 88y h8ve all started their courses. Emotional needs audits and WEMWBS reporting is carried oui by one of ourthtsrapists so we can offer a wraparound service. FSnanclal Revlaw The Incoming f8source$ for the yeÈrwere £130,16412021 £251,050) whi18tthe outgoing resources were £111.175 12021 £93,642) giving a surplu8 for theyear of £18.98912021 É157.408 8urplu$l. Unresiricied free reserves 8t the end ofthe year were É190.85612021 £182,354). Resgrves Pollcy: The trust&8s rèvSew the chailty's r8serv88 policy annually. tsking into ¢onslder81ion the charlty'8 current and futur8 requirement8. The colculation of the required level of reserves 58 on Integral part of the charity's p18nnlng, budget and forecast cycle. It considers the charitys plann8d actity level, 8nd the rlsks 888ocl8ted with each stream ol Income. whlch is mainly from grant fundin8 bodies. and expendilure bein8 different from that initloily budgeted for. Tha charity pl8n8 to Spend most of its income, eoch year. on the veierans in its C8re. However, sums also need to be sei aslde from thls 8nnu8lly for ptanngd rgpla¢omont of ¢apltal items- surf equlpment. IT equlpmgnt- as well 88 m8int8ining the ch8rty's free re8erye8 to cover immediate cashllow roquiremen18- perlod8 wher8 grant Incorng Is Insufflcientto cover costs ond the potential to Cover any closure costs should this ever be required. The trust888 have $81 th& curreni free re8erye8 pollcy at E72.CW which. with thg growth in its services, equal88 to the charity's core cosi8. The trustees are lully 8W8re ol the fluid nre of the charity's busin8SS 8nd working with the operations lead will adjust accordingly, without ever compromt8ingthe service the oharity deliv8r8. Tho chority's free reserves currently exceed the set fe5effts policy level. Howgvgr. thg trustees are conscious of Ihelr r8sponslblLltles to ensure sufficient reserves are kept as good financial piactlce and to m8intain a secure Ilnanci81 luture torlhe charlty. The charity ano its trustees are coniinu811y looking to secLif8 funding for the charity. Good financial ptanning and monitoring bylinan¢e staff and irustees ensures that any fLrture financial needs are identified early. The charlty 13 Teliant on grant funding income to 8UPPOrt its charitable 8cINIEle8. Golngcon¢8rn: After making appropri8te enquiries. the trustees have 8 re8sonable expectation th& the charity has adequate re80urces to conisnue In opeNion81 exlsience for the foreseeable fuiur& For thi8 reason. they continue to adopt the going concern tlasls In preparingihe fin8nciaL atementS.
Combat Surfers Trustees, Report Risk Managemant: The trustees have assessed the major risks to wfiich the charity is exposed, in particular those related to the operations and finances ot the charity, and are satisfied that 3ysiem$ and pioceduTes 8re In place to mitigate its exposure to the malor rlsks. Plans For Futyre Period8 Future Deveiopmemts: The Trustees are focussed in attracting the awargngss of its functions and fundlng Interèsts from ail of the Milltary Charities and from outside standard community funding streams. Kèy knnks 8re developing wth 8 huge number of fundraisers ond these are nowalso comingto fruition in18rger projects being planned lor 2022. H8vinga targer team has rnade our lives a greai dèal easier and we are confidenl that the hard work is paying off. We would like to thank outhe professlonal people that give up thelrv81u8bletimero actas ourvolunteers helping many indivldu8Ls 8chieve thelr personal goals. Our gool Is to contlnuè d8llv8rlng 88 many b88ch cllnics. 888 swlmmlng ¢linl¢s and walklng groups 8s possible. devgloping accèss to morè individu818 8nd family members and wider ¢ommunity mèmber8. Continue to strengthen the delivery and suppon of well-being $8rvices to meet the giowtfi in deman¢J from 8cross thg Gounty. We hope lo set up support hubs in th8form of breakfast clubs in Bodmin and further afield. Surf Actlon is In the proc888 olworkingwith Universlty of E8$tAnglig, Ruskin University 8nd the University of Boston IUSAI to quantify and 8tr88mline the ex8Ct delivery Pfoc88ses 8n(J to identify th8 real needs of serving personnel and veterans. This is an ongoing progr8mme. as ieseaich Is ever chonging and has to be qualified and quantified. We Blm to davelop more connecilons wlih edUClOn dep8rtmenl8who have mllltory chlldTen wthin ihelr rernrt, 80 developing policies ef knitting families togeiber aftef deployment. This 81$0 rnises awareness within school8 who are e¢Juc8tlngchlldren of Sen8 milltary famllies and offeringvaried levels of intervention. We 81m to 8ng8ge with more ¢ommunr¢lg8 obout Surt Actlon progrommes. h8nc8 thè involvement of the Gyllyn8vase Swimmlng Group- Falmwth. whosè support in the community, Vth our psycho818t Nick B8nfield 1$ Inv8luoble. We are positive that Surf Action will go from strength to strength 8nd be further recognised for the wider 8ppro8ch that it takes in its provislon. W8 aim to continue to dirèctly emp¢)wer the veterans whitsi coniinulngto 8ducat9 and promote understanding and awane$S among81 the general public. We also aim to develop the knowledge of Issues surrounding the veteran communtty to organi8aiions, agencies and employers. Overall wg aim to continue supporting veterans to integr8te back into Ioc81 lrfe ty successfully moving individuals closer to copin8 Wlth the symptoms 01 PTSD. whll8t complementln8 the T8Gre8tlonal aGtivlti85 delivered tySurfAciion.
Combat Surfers Trustees, Report Structure, Governance and Management Constltution: The charity Ss registered 8s 8 charit8ble company limited by gu9r8ntee and w8s set up by a Memor8ndum end Articles of Association on 27 October 2010. the latest amendment to the Memorandum and Artcles of Associaiion W8son 30"Janu8ry2017. The prirbcipal object of the charty is to promote and protect the p1¢11nd mentsi he8tth and we118re of th08e who have been wounded whllst 8èry1ng in the *rméd forces 8nd civllian omèrgency servlces, an(J those clvlli8n8 which the trustees may from time to time deem to warT8nt support, and to help people de81 wbth the ongoing problems of Post Traumthic siress Dlsorder IPTSDI by Introduclng them io surtlng and other peer group activites. Methods of appolntmont or eioctlon of tru•t••8: Potent181 iru81ee8 are selected from Indlvldu818 who 8re Interested in furtherirbg the work of th8 charity, they 8re given 8 copy of the Charity Commi88ion's booklet CC3 "Tho Ess8ntial Tfust88" upon eleciion and 8iL relevant Inform8tlon explalned. Duringthe recruitment process external r¢lationshlp8 ale consldered and anyone found to have a conflict of interest is not considored further. New trustees 8re issued wth gyidance or¢ whal 15 èxpected of them. Alltruste85 ¥r¢ expècted to act 88 8 te8m forthe good ofthe ch8rity. Organ18atlonal Structure and Declslon Makln The managemenl of the charity is ihe responsibility of the trustees vtho are elected and co-opted under the terms ol the Anlcles ol A8socSatlon. The trusiees agreg the broad stratggy ol thg charity and the day to day running ol th8 charlty 18 coordlnated by the m8n8gement team. Trust88s R88pon8lbllltle8 The Trustees are responslble for keeplng proper accountlng records that clarify. with reasonable accuracy at any tlme, the fln8ncial positon of the charty and to enable them to ensure that the financial stat8ments complywlth the Comp8nles Act 2006. The Trustees are also responslble frjr safeguarding th8 assets ot the charity and taking reasonable steps for tho prevention and detectlon of fraud and other Irregularltles. The above report has been prepared In accordance with the provisions applicable to companies. who are subjecttothesm8llcompaniesregime assetoutin Part 15oftheCompaniesAct2006and inaccordance with the Charities SORP IFRS 1021. Signed on behalf otthe board Douglas Bell Chair & Trustee 10 December 2024
Combat Surfers Independent Examiners Report Independent Examiner'3 Report tothetrustees of Combat Surfer$ I reporttothe charity'strustees on myexamination otthe accounts ofComb8t Surfersforthe ye8rended 31 October 2022, which comprise the Statement of Financial Activities. the Summary Income and Expenditure Account, the Balance Sheet and related notes. Respective responsibilities of trustees and examlner Thetrustees Iwho are alsothe directors of the companyforthe purposes of company lawl are responsible for the preparation of the accounts in accordance with the requirements ot the Charities Act 20111.the 2011 Act"). The trustees consider that an audit is not required for this year under section 144121 of the 2011 Act and that an independent examination is needed. Having satisfied myself that the charity is not subject to audtt under company law end is eligible for independent examination. it is my rèsponsiblllty to: examinethe accounts under section 145ofthe 2011 Act: followthe pioc8dures laid down inthe General DirectionsgNen bythe Charitycommission under section 145151 Ib} of the 2011 Act: and state whether particular matters have come to my attention. Basls of Independent Examlner's Report This indèpendent examination was undert8ken in 2024 after the Trustees requested a detailed review of the financial stataments for 2022. Thè Trust88s identified potential errors and inaccuracies in th8 allocation of costs across funds. which necessitated a thorough re-evaluation of the financial records and accounts. This will require subsequent resubmission of thè 2022 account8. My examination was carried out in accord8nce with the Gener81 Directions given by The Charity CoTnmission. An examinatlon includes a review of the accounting recordg kept by the charity and 8 comparison of the 8¢counts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts. and Seeking &xplanations fromyou as trustees concerning any such matters. The procedures undertaken do not provide ou the evidence that vnuld be required in an audit and consequently no opinion 15 gwen as to whether the account$ present a'true 8nd f8irwew'. and the report is limited to those matters set out in the ststement below. Amendments and Resubmission ofAccounts During the course of my examination. it was identrfied that costs had been misauocatsd beeen restricted funds during the bookkeeping process. Specifically: Incorrect Allocation of Costs: Expen(Jtture$ that were specific to a restricted fund yre misaLiocated across other funds. This errorresulted in thefinancial statements not reflectingan accurate use of $trIcted grantfunding or correct picture of the charity's financial posttion across those funds. This error is continuous th the 2021 accounts. which have been amended and will also require resubmission to Companies House 8ndTheCharityCommission.
21 Amendments Required.. Following my review. the accounts We amended to ensure: AII costs hove been subsequently realbcated to the appropriate funds. refiecting their intended purpose and compli8nce wtth the conditions of Testricted furbding. The corcle(l allocations were reconciled with the chartty's updated financial COrdS following the aforementioned software migration to ensure accuraLry in furKI rew)rting and alignment wtth dot)or expectation5. These amendments ensure the charity's accounts comply with the prilpleS set out in the Charities SORP IFRS 1021. A5 the accounts for the year ended 31 October 2021 We prevlously submttted with the aforementloned erro to both companies house an(i the charity commission, the trusteesldirertors have expressed desire to resubmit the amended accounts to the Charity Commission and Companies house immediately followin8 my view. The revised financial ststements are now complete and tt Is anticipated that a corrected and final version of the accounts will be submitted in 2024 or earty 2025. Independent examlnerf5 5taternent As the chority's gross income exceeded £250.0(M) your examlner must be a member of a body listed in sectlon 145 of the 2011 Act. I conthrm that l am qualified to undertake the examlnation because l am a member of Assoclatlon of Chartered Certffled Accountsnts. I have completed my examination. I can confirm that no material matters other than those noted above hève come to my attention In connectlon with the examination 8lving me cause to belleve that: accounting records were not kept in accordance with section 386 of the 2OJ6 Act.. or the accounts do not accord with those records: or the accounts do not comply with the accounting requirements under 5ertw)n5 396 of the 2LK16 Act other than any reqLFirement that the accounts give a 'true and fairf view which is not a matter consldered as part of an Independent examlnallon: or the accounts have not been prepared In accordance wlth the Charltles SORP IFRS 1021. Following my detalled revlew and aforementloned software mi8ratlon, speclfic processes have been implemented and current processes bolstered to ensure the accuracy of reportln8 movin8 forward Includln8 deiailed quarterty revlew wlth the charws chosen accountant. I have no concerns and have come across no other matters in connectlon with the examinatlon to whlch attention should be drawn in thls report In order to enabk a proper understandlng of the accounts to be reached. Adam Sloan ACCA FMAAT AATQB CAT AML Accountancy Soluttons Ltd 10 December 2024
Combat Surfers Statement of Financial Activities For the year ended 31 October 2022 Unrestrlcted Restricted Funds Fund8 2022 2022 Total Funds 2022 Total Funds 2021 Noto9 Income and endowmonts from: Donations end legacle8 Charitable activities 18.514 18.514 111,650 16,200 234,850 Total 18,514 111.650 130,164 251.050 Expendlture on: Raising funds Charitabl8 actlvities 1.333 109.842 111.175 93,642 Total 1.333 109,842 111.175 93,642 Net 88in$ on investments Net Income 17.181 1.808 157,408 Transfers between funds 19,681) 9.681 Net income before other Galn8lll088esl 11.489 157.408 Other galn8 and I088e8: Not movament of fund8 7.500 11.489 I89 157,408 Roconclllatlon of funds: Total funds brought Forward 185,$64 345,326 187.918 159.762 Total funds corrlod lorward 193.064 171.251 364.315 345.326 This statement of fin8nci81 activities includes all gains and losses recognisad in the year. All income and expenditure deriv8 from continuing activities.
Combat Surfers Balance Sheet At 31 October 2022 Company No. 07421247 Notes 2022 2021 Fixed assets Tangible 8ssets 10 2,408 3,210 Current 888et3 Debtor Cesh 8t bank8nd In h8nd 11 84.400 284 822 369,222 14.3761 364.846 367,254 12,9391 364,315 81,900 261 626 343,526 18811 342,645 345,855 15291 345 326 Current Llabllltles Net ¢urront assets Total 8$8et$ le88 current Ilabilities Non-current Llabllltl8$ Net 8888t8 axcludlng p•n8lon a880t or liabiilty 12 13 Total net a88et8 364,315 345,326 Tho funds of the charlty RoStrl¢t6d lunds Restricted Income funds 14 171 251 171.251 159762 159,762 Unrestrlcted lund• Generalfunds Designated fund8 14 190,656 182,354 193,064 185,564 Totalfunds 364,315 345,326 Th888 account8 have been prep8red in accordance with the spe¢i81 piowsions of Part 15 01 the Comp8nies Act 2006 rgLoting to 8mg11 companies. For the year ended 31 Octobef 2022 the compary was entltled to exemption undor so¢tion 477 of th8 Comp8nie8 Act 2006 reL*ing to sm811 companies. The membefs have not r9quired the ornpanyto obtain an audit in 8ccord8n¢ewith section 476 of the Comp8niesAct 20C6. The diT8Ctor3 8cknowiedge tM8ir responsibilities for complylng wth th8 requlr8m8nts of the Companies Act 2006 with respact to 8¢counting recor(Js and the prep8r8tion of Bccounts. Approved ty the b08rd on 10 December 2024 An(J signed for on behalf by-. Douglas Bell Chair & Trustee
Combat Surfers Notes to th8 Accounts Fortheyear end 31 October 2022 1. Accounting Pollcles Basis of Preparatlon The accounts have been prepared under the historicaL cost convention and in accordance with: Accounting and Reporting by Charities Sl8lement of Recommended Practice. opplicoble to charities preparingtheir accounts in accordance Wilh the Financial Reportingstandard applicable in the UK and Republic of Ireland IFRS1021 second edition- October 2019 effective 1 J8nuary 20191- the Financial ReponingSi8ndaid appiOc8ble Irs the Unitsd Kingdom and Republic of Ireland IFRS1021'. the ¢omp8ni&s Aci 2006 8nd the Charlties Act 2011 The financial statements are prepared in sterlingwhich is ihe functional currency of the ¢haréty. Monetary amounts in Ihesg financial statements are rounded 10 the nearest £. The ch8rtty constitutes a publlc beneflt eniity 88 defined by FRS102 Change In basis of accountlng or to prevlous accounts There has be8n noeh8ngeioih8 8ccountingpots.cies (valuation rules 8nd method ofaccountSng) slnce Lost year. However, the 8ccoun18 for prevlous year8 hove b88n amonded to correct 8n Incorrect allocatlon of CO818 across restricted lund$. Fund Accountlng Unrestricted fijnds These 8re av81t8ble for use at th8 dlscretlon of the tfU81e88 In furtheronce of thg gener81 objects of thg chafity. Designate funds These are unrestrictod funds eamaTked by the trustees for particular purpo88S. Rev81uatlon fund8 These are unr8stri¢tedfund$whieh include a revalu8tlon reserve representingth8 iest8temnei of investment assets at their marketV8lues. Restrlcted funds Restricted funds are those donated for use In 8 paflicular are8 or for 8poclfl¢ purposed. the use of which is restricted to that area or purpose. io
Combat Surfers Notestothe Accounts Income Recognilion of Income Income is included in the Statement of Finan¢i81 Activities when thè Charity becomes eniiiled to. and vinually cen8in io receive. the income and the amount otthe income can be measured with sufficient Teliability. Income with Rei8ted Where income has Telated expenditure. the income and related expendituie is expenditure reported gross in the SOFA. Voluntsry income received by w8y of grants. donations and glfts ale included In the SOFA when racèivabie and only when the Ch8rity has uncondltional entitlementto the income Don8tion8 8n Lega¢i¢$ Tax reclaims on Donations and Glfts Income from tax rectaims is included in the SOFA ot the same tim? as the gift/(Jonation to which il reiatas. These afe onty ineluded in incomè Iwith an oquiv81oni amount in and facllitles txpenditurel where the benefft to the ChaTIty is reason8bly quantifiable, mgosurable and material. Donoted services Volunteer help The value ol any volunteer help received 18 not included in the 8c¢ounts. Investment Income Th18 Is Inclu¢Jed Inthe accounts when rec8lvable. Galn8lllosse81 on Revaluation ot Flxed assets Thls Includ any galn or loss reguliing from ievalulng Inv8stments to mgrkgt value at th8 end ofthe yeor. Gainslllossesl on Investment ossets This inelud•3 any gain or loss on th• sèle of Inv8ments. Expendfture A8cognition of Expendlture Expenditure is recognised on an 8ccru81¥ basis. Expenditurg includgs anyVAT which cannoi be fully recovered 8nd 18 reported a8 P8rt of the expenditure to whlch it relate8. Expendfture on Raising funds These compfise th¢ costs a$tIated wrth 8ttr8etlngvoluntary Incom8. fundraisingtrading costs and investment management costs. Expenditure on charitable activttios These comprise the costs rncuTred by the ChaiTty in the delivery of its actfvitie8 and services in the furtherance of its objects. includingthe makingof grants and governance costs. Grants payable All grant 8xpenditure is accounted tof on and actual paid basis plus an accrual for grants that have been approved bythe trustees at the end ottheyear but not yet paid. Governance Costs These include those costs associated with meeting the conslitutional ènd statutory requirgments of the Ch8rity. including any audlffindependent examination lees. costs linked to Ihe strategic managent of the Chaflty, together with 8 share of oth8r8dmin?strntion costs. Other expendilure These are support costs not allocated to a particular activity. li
Combat Surfers Notes to the Accounts Taxatlon The ¢haflty is exemptfrom corporation tax on its charitable actTVtiies. Tangible fixed assets and depreciation Depreciation is provided on alL tangible lixed asseis at rates calculated to write off the cost less estlm8ted residual value of each assel oveT Its expected usefuL life. which is reviewed annually. The rates used are 8S follows.. Gèneral Equlpmeni 25% Reducing Balanc8 Flxtures and Fittings includlng Offlce Equlpment 2586 Rèducln8 Balance Trade and other debtor$ Trade and other debtors are recognised ai the settlement amount due after anytrade dlscount offgred. Prepayments are valued at Ihe amount prep8id nei of any trade discounis due. Cash and Cash equlvalent8 Cash and Cash equlvalents comprlse c88h 8t the bank and on hand. demand deposlts wlth bank8 and other short-tgrm highly liquid investmenis wlth original matuiities of three months or less 8nd bank overdrafts. In the st8temeni of financial position. bank overdr8ft8 8re shown within borrowing8 or current 118bllltles. Inihe Slatemenl of Cosh Flows, cash and cash equSv8lents are shown net of bank overdrafts th8t re rep8y8ble on demand and form an integral pafl olthe comp8rry's cash man*g8meni. Trad8 and other credltors Short ierm credllor8 8re meosur8d bt thè tran88Ctlon prlce. Othercredltors ond provlslort8 ar8 recogn18ed where the charltyhgs a prosent obligation resullingfrom a past ev8ntlhatwll probably result In thetransfer of funds 10 8 thlrd pany and Ihe amount due to settle the obligation can be mea8ured or estimated reliably. Crgditors and provlsions 8re normally recognisgd ai thèir settlement amount after allowlng for any trade d58counts due. Leased assets Where the charlty 8ni9rs 8 Lease whlch ent3lls taklng substantially all the rlsks and rewards of ownership ol the asset, the lease is troated as a finance lease. Leases whlch ¢Yo not transfer sub3tanti8Liy 811 Ihe ri8k8 and rew8rds of ownershlp to charity are classili8d 8$ oper8ting leases. Assets held under finance leases are init1811y recognised BS assets of the charity 81 their 18ir value ai Ihg inception of the leasg or. if lower. at the present value of the minimum Lease payments. The corresponding Ilat>llity to the lessor Is Included In the b818nced sheet dale 88 8 fln8nce lea88 obllgation. Leose payman18 are apportionèd betweenfinance expenses and reduction of the lease obligation to achieve a constant rate ot interest on the remainlng balonce of the liability. Finance expenses are recognlsed immedi8t8ly. unless Ihèy ar8 direcily attributable to quallfylngassets. In whlch case theyare capitallsed in &c¢ord8n¢e with the ch8rity'S policy on borrowing costs. Assels held under tinance le8ses are depreclated In the same way gs owned 8S88t8. OperBting leBse p8yThentS 8re recogni88d 88 an wense on a stralght-line basi$ over the lease term. 12
Combat Surfers Notas to the Accounts If lease Incentives are recèivèdto èntèr into operating leases, sucn incentlves are recognls8d as a Ilabli lty- The aggregate benefit of incer¢tives 13 recognised as a Teduction ol leni81 expense on a straight-llne basis. Statement of cash flows The charity is exempt from pr8P8ring 8 8t8tamenl of c88h flow8 on the ground8 th8t It 18 8 8m811 charity. 2. Company status The company is a private company limlt6d byguar8ntee 8nd consequently does not have share cap1181. The charity is incorporated in England. In the event of the ch8rlty belng wound up. the 118bllity In r08PeCt of the gu8ranto8 Is Ilmlted to £10 per member of the charlty. Thg mèmbers otth8 ch8rfty 8re ihe irustees named on page 1. 3. Statemont ol Flnanclal A¢tlvltle8- prloryear Unr•#trlct•d Funds 21Y21 R••trl•d Fund* 2021 Tot•l Funds 2021 Income and endowments from: Donation$ gnd legaci88 Charitable actwiti¢$ 16.200 16.200 234.850 234.850 Total 16.200 234.850 251.050 Expendlture on: Ral8ing fund6 Charitable ac111088 3.276 90.366 93,642 TTrt•l 3.276 90.366 93.642 N•t Incom• 12.924 144.484 157.408 Transter8 bemen funds 25,739 125,7391 Net Income before other Gainsl{io$$o$l Other galns and losses: Net movement ol funds 38.663 118.745 157,408 118.745 157.408 Reconclllatlon of fund8: Total fLtnds brought forward 146.904 41,017 187.918 Total funds carried fotward 185.564 159,762 345,326 Combat Surfers 13
Notes to the Accounts 4. Income from donations and Iggacle$ Total 2022 Total 2021 Donations Donatlons In klnd 514 18.000 16.200 18.514 16.200 S. Incomè trom charitable activities Restricted Total 2022 Total 2021 Grant Income Armed Forces Covenant Tru$t-Covld 19 Armed Forc0$ Covonant Trust- Blu8 Health 1,750 1,750 35,000 Armod For06$ Covonant Tru¥t- For¢0 lor ¢h8ngo Armed Forces Covenant Trust- Home Fiont Fami(i88 Project 20,000 26.250 26.250 23.750 Armed For¢88 Covenant Tru8t- Green Btuo Health 1.750 1,750 32,250 The Natlonal Lottery Communlty Fund 81,900 81.900 122,850 111.650 111.650 234.850 6. Expendlture on ralslngfunds Total 2022 Total 2021 Fundraisingtrading costs 14
Combat Surfers Notes to the Accounts 7. Expendlture on charttable 8Ctivitles Unrestrlcted Restrlcted Total 2022 Total 2021 Dlrect expendlture on Charitable activities Surf Clinics 5.940 Voluntèer Expenses Veteran Support Costs Thèrèpy Costs Other dlrect costs 1,415 27.715 27.715 1.051 18,OLTh) 18.OCKJ 34,832 915 F8mlly Support Costs Programme Expen8es S.116 S,116 3.481 3.481 Support Co$t$ Travel and sub8lStence 137 5.524 5.661 3,698 Rent & raies 2.939 2.939 3,073 In8ur8nce 1.215 1.215 1,308 Repairs & renewals T¢l*phon• Ènd f8X IT expenses Prlntlng. postogo and $tationgry Subscrlptlorv8 Sundry expen888 Cl88nlng Marketing Bnd promotion Consultancy fees 709 709 1.515 169 571 237 242 258 155 155 417 765 475 10 10 11 250 250 32.939 32.939 31,258 Legal and profes81onalfg9s Bank charge8 13 13 13 18 51 120 Depreciation Governance Costs 976 Accountancy Fees 3.370 3.370 1.520 Independent Examination 975 975 875 1.333 109,842 111,175 93,642 15
Combat Surfers Notes to the Accounts 8. Net Income before transfers 2022 2021 This is stat8d after charging: Depreciation ot owned fixed assets Independent Examiner's f88 802 975 976 875 9. Staff Gosts The charity does noi employ indlviduais on a PAYE bases. Instead, sub.corrtractors are used on 8n a8 nee(Jed basi8. No individual received emoluments more than £60,0. The remun8ration otthe key management personn81 is shown in consultancyfees and direct Gosts. The total ol these is shown below. 2022 2021 Total employee benefits received by key management personnel 61.796 52.045 10. Tanglble flxed a88ets FIxre5 And ffttings In¢ludlng offlce Equlpm•nt G•n•ro1 Equlpment Total Cost or revaluatlon At 1 Novembar 2021 Addltlons At 31 Ociober 2022 18.168 8,736 26,904 18.168 8.736 26,904 Depreclatlon and impalrment At 1 November 2021 Depreciation eharge torthe year At 31 O¢tobgr 2022 16.365 450 16.815 7,329 352 7.681 23.694 802 24,496 Not book vaiuos At 31 October 2022 At 31 Octobgr 2021 1.353 1,803 1,055 1.407 2,408 3,210 11. Debtors 2022 2021 Trade debtors 81. 81.900 16
Combat Surfers Notes to the Accounts 12. Current Liabilities amounts falling due within one year 2022 2021 Trade creditors Accruals and deferred Income 3.401 975 4.376 875 13. Non-current Llabllltles: amounts f8111ng due oft¢r g perlod of oneyear 2021 2020 08t•rr8d Accfuats 2.939 2.939 529 529 The deferred accruals Included In these aGGounts pertain to Costs incurred In the prep8ration of the mended accounts. Th8se costs include professional tees and administrativo 8xpens88 n8ces88ry to ensure the accounts rellect 8eeu181e 8nd comp118nt financiol reporting. Additionally. the deferred accruals cover the reallocation of cost8 8cross ihe appropriate funds. Th18 process ensures thBt all expenses are alloGoted Gorrectly in line with the or8aniz8tlon's policies and any relevant legal or regu18tory requirements. These odju8tmont8 are es8entlal for maint8lnlngtr8n8p8r8ncy 8nd accuracy in fln8nci81 reportlng. alignlng the accounts wrth the intended u$8 otfund$. 17
Combat Surfers Notes to the Accounts 14. Movements in funds At1 Nov•mb•r 2021 Incomlng Resources resources expended Ilncludlng other galnsAosses} Gross translers At31 October 2022 R•strlct8d funds: Restrl¢ted Incomo lunds: CRCC Health Gfani Armed Forces Covenant CovlL119 gr8nt Armet1 Forces Cov8n8nt Positlve P8thway8 Gr8nt For Blue Health 13.135 1.750 11.6341 15.027 28,278 Armecl Forces Covenant Forces lor Change Amed Forces Covenanl Home Front F8mlli8S 23.7S0 26.250 131.578) 13.5181 14,904 Armed Forces Cov8narrt Po8Stlve Pathways Grant For Green Bluo Heallh 27.395 1.750 127.317) 11,8281 The Natlonal Lottery Communily Fun(J Chonging minds project Totol 95.482 81.900 149.3131 128,070 159,762 111.650 1109.842 9.681 171,251 Unrogtrlcted funds: General funds 182.354 18.514 15311 19,6811 190.856 Designated funds: C8Pltal funding 3,210 18021 Toial 185,564 18.514 1.333 9,6811 193,064 Rov8Iu8tlon Reserve: Totallund$ 345.326 130.164 1111.1751 364,315 18
Combat Surfers Notes to the Accounts Purposes and restrictions in relation to the funds- Re8trlcted lunds: CRCC Health Grant A Together for Families granttowards delivering services to th8 hardest to reach families. The grant aims to enable the charityto build on current delivery and practice. Armed Forces Covenant Covid 19Gr8nt A grant to support the organisation and its beneficiaries with the impa¢t of Covid 19. Armed Forces Covenant Positlv8 Pathways Grant For Blue Health A grant to SLJPPOrtV8t8rans in improving health & wellbeing Armed Force¥ Covenant Home Front Families Project Fund Armed For¢es Covenant Posltlvè Pathway8 Grant For Grèan Blue Health A gr8ntto support veterans in improving health & wellbeing Afurther grant to Supportveterans in improving health & wellbeing Thè Natlonal Lottary Communlty Fund Changing Mind8 Project Health and wl1belng forthose aged b8tW88en 7 and 65 who are living with medic81, mental health and emotionau beh8vloural difficultle8 which are limitin8ttteiF lives 8nd th8ir 8bility to P8rticipate In the Community. Designated funds: C8Pit81 funding Funds iran8ferr8d lor capi1818P8n¢J whlch li be matched to depreclatlon. 15. Analysls ot net assets between Funds unltrICt*d Fund$ RorI¢l•d In¢omo Fund¥ Tot41 Fund$ Prlor Y•fjr Fund8 Tangible assets Cuirent assets 2.408 2.408 3,210 190.656 178,566 369,222 343,526 Current Liabilitie5 14.3761 14.376) Non-curreni Llabllltles 12.9391 {2.939} 1529} Net Assets 193.(64 171.251 364,315 345,326 19
Combat Surfers Notes to the Accounts 16.Commltments Operatlng (easa commltment$ Aftnual ¢ommitm8nts undor non-cancollabla op8rating lèases arè As follows: 2022 Land and Bulldlngs 2022 Oth¢i 2021 Land and Buildlngs 2021 Other Operating leases wilh explry dat8: Within one yeor In ihe second to flfth years Inclus5ve 3,400 6.517 17. Related party dlsclosures Controlling party Thè company18 Ilmlted by guar8nt80 8nd ho8 no share ¢opital: thus. no Slngle pary controL8 the company. 20