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 ps￿hOL0￿St 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 acti￿ty 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 n￿￿re 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 edUC￿lOn dep8rtmenl8who have mllltory chlldTen wthin ihelr rernrt, 80
developing policies ef knitting families togeiber aftef deployment. This 81$0 rnises awareness within school8 who
are e¢Juc8tlngchlldren of Se￿n8 milltary famllies and offeringvaried levels of intervention.
We 81m to 8ng8ge with more ¢ommunr¢lg8 obout Surt Actlon progrommes. h8nc8 thè involvement of the
Gyllyn8vase Swimmlng Group- Falmwth. whosè support in the community, V￿th our psycho￿818t Nick B8nfield 1$
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 awa￿ne$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 p￿1¢￿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 be￿een
restricted funds during the bookkeeping process. Specifically:
Incorrect Allocation of Costs:
Expen(Jtture$ that were specific to a restricted fund y￿re 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 cor￿cle(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 pri￿lpleS 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
I￿89 157,408
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 Inv8￿ments.
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 ac11￿1088
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
FIx￿re5 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 w￿l1belng 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
unl￿trICt*d
Fund$
Ro￿rI¢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