Company registration number: 07421247 Charity registration number: 1140191 Combat Surfers Trading as Surf Action IA company limited byguar8nte8.1 Annual Report and Unaudited but Independently Examined Accounts Fortheyearended 31 October 2023 AMLAccountancySolutions Ltd 52 Laity Fields Camborne Cornwall TR148RT
Combat Surfers Contents Pages Reference and Administratwe Details Trustees, Report 4t07 Independent Examin6rs R8POrt 8t09 Statement of Financial Activiti88 10 Balance Sheet 11 Notes to the Accounts 12to21
Combat Surfers R8fer8nca and Administrative Details Charity name Combat Surfers Charity registration number 1140191 Company registratlon numbar 07421247 (Registèred in England & Wales) Registered offlce 52 Larty Fields C8mborne Cornwall TR14 8RT Trustee8 Alan Rowe Deborah Harrison Douglas Beli Key management personnol Mark Wesson Mel S8nders Manager DSTOICoaching & Mentorln8. Armed Forceg Families & Veterans Support Officer. Bankors Barclays Bank 819 Jew Street Penzance Cornwall TR18 2TW Indopendent Examlner Adam Sloan ACCA FMA4T A4TQB CAT AML Accountancy Solution8 Ltd 52 Laity Fields Camborne Cornwall TR14 8RT Page 3 of 21
Combat Surfers Trustees, Report The Trustees, who are also diiectOf8 olthe charityforthe purposes of Ihe Companies Act 2(K16, preseni ihelr report with the un8udiied financial statements ofthe charttylorthe year eiKled 31 Ociober 2023. Objectlves and Actlvltles The charlty's objeetlves are- 1. To promote and protect the physical and mental health. wellbeing and welfare of.. 11 Those Individuals who have been injured or sufiered illness whilst 8etwing in the Armed Force8 of the Crown. reserve forces and Ihe cévilian emergency services. and lil Their dependants and carers. 1111 Those civilians which the trustèes may from timeto lime d8om to W8rr8nt 8UPPOrt. By 8ny18wful chailtabLe puipo888. but not exclu8Nely, the followSng- al The provision of treatment 8nd support, includin8 Iniroduclng them to Suffing and other high intensity wat9r sports, bl Involvingthem in peer group 8etlvities. 8nd cl Providlng thèm wth s¥Jch lacilitie8. equipment or 8ervlces18uch 88 the prov181on of o rghabilitstion and recovery centrel as the Irustees may from time to time decide. 2. To a8SiSt serwng and former membèrs of the Amed Forces of the Crown to resettlg and rehabilitate into civilian life, bLrt not exclusiv8ly by the provislon of support seivices, 8dvice. guidance. employment support. tultlon and he8lthcar8 where 8ppropriaie. The trust888 consider the ch8rity objectlv88 to be con818tent wllh the Charlty Commlssion's 8uld8nG¢ on publi¢ benefit. Achlevements and Performance Surf Actlon has rhls year run courses for locol community members. family members, velerans, serving personn81 8nd their families. This equ8te$ 10 38 children 8nd 42 parentslguaTdi8n8 ol the children and Indlvldual 8dult clients which h88 been a gre8t succes8. These cour888 involved outdoor walking in stunning sgttings. sea swimming. positive ther8py courses on the Corni8h coastline and ocean-based surfcourses 8t Gwithian. Cornwall. These courses and programme$ Y•re klndly funded thu the channg Minds Project funded by the Notional LotteryCommunSty Fund. Worklngwith ouriher8py profe8slonal8 8nd volunieersw8 h8¥e $98n some great changes in people's lives and hope to bring them some semblance of normality and give them a sense of purpose to be 8bl8 to function as independentlyas possiblewr(htho supponfrom their respective communities. Once our participants finished their individualcourse, theyworkgd closely withour coach mentorto develop programmes and supportfor them8elve8 Wlth a new in8ight into PO8iliwty. Th18 cre81e¢J a wrap-around system to great effeci. The e8rly intervèntion systern and support group connection was clear to see. A humanistic approaoh and sensitivg conversations wilh empathetic people are a musl and we were verygrateful to ourvolunteers forthis service. Page 4 of 21
Combat Surfers Trust88s' Report Financial Review The incoming resources forthe year were £5.15612022 £130,164) whilstthe oirtgoing resources were e89,881 12022 £111.1751 gSvSng a deficit for the yeai 01£84.72512022 £18.989 surplus). Unrestricted free reserves at the end ol theyear were £196.48512022 Èl,6561. Donors were contacted to review the position in terms of allocation of costs to restricted lunds. The Armed ForGes Cov8n8ni Trust reviewed all Iheir funoing with us and refunds of granls relatlng to unspent sums or inellgible expenditure were rnade after Ihe year end. We h8ve accrued these payments in these accounts wtth 8ny required transfers lo unrestricted funds. Reserve$ Poll¢y: The irustees revlew the chartys reserve8 policy 8nnuolly. toklng Into eonslde18tlon ihe charlty's current 8nd fulure requirements. The calculBtion of the required level ol reserv88 18 8n integral p8rt of th8 ¢h8rity's planning. budgei and forecast cycle. It considers the Charitys planned 8etiwty level, 8nd Ihe risks 8ssociatsd with each incomè sire8m, whlch Is mainly from grant funding tsodigs. and expenditure being differènt trom that initially budgeted for. The charity pl8n8 to spend most of its revenue income e8ch yegr on the voterèns in its caie. However. sums also need to be set 8slde 8nnually. for the planned replacemeni of capit81 item8 such os surf aquipment, IT 8nd oth9r essentl81 equipment. Also to mBint8in the chartys free reserves to cover curient C8shflow requiremen18, period8 where gr8nt income Is Insufficient to covei standard operatin8 CO$t$ and the poteniial to cover 8ny Closure costs should Ihis ever be required. The trust888 h 8et the eurfent free ieserve8 pollcy £72,(MJO whlch. wlth growth in it3 servic88, equat&8 to the ¢h8rity's cor8 Costs. The trustees are fully aware of the ftuld nature ol the chArity'8 business and working wlth the oper8tlons19od will odjust the finances accordingty. wtlhoth ever comprom18ingthe sgrvicg the ch8flty d8llvers. The ¢h8ritl$ free reserves Currently exceed Ihe Set reserves poilcy level. How8V8r. tho tTUStg0s are con8clous ol their respon31bilities to ensure sulh'¢ient re8er¥8 are retained In recognrtlon of good practlce and to malni8ln a secure financial future lor the charity. The charty and Its Irustggs ar8 continually looking to secure lunding from 88 wide a sphere 8$ possible. Good flnancl8lpLanningand monitoringbyfinance staff andtrustees ensuresihatanyfuturefinanclal needs are identified e8rly. The ch8rlty18 reliant on grant fundlng income to support its charitablo aGtivities. Golngconcem: After making approprie enquiTies, the trustees have a 8$ofiabLe expect8tion that the charty has adttquote resources to continLbe in operational existence for the foreseeable future. For tttis reason, they continue to adopt the going¢oncern basis in pparingthe financial statements. Rl8k Management: Tha irusiaes have assessed the major risks to which the ch8Fity is expos80. In par(icuiar thos8 related io the operations and finances ol the charity, and are salisfied ihat systems and pedureS 8re in place to mitigate its exposure to 8ny major r$$. Page 5 of 21
Combat Surfers Trustees. Report Plans For Future Periods Future Developments: We have been act1 In 8ttractinglundingfrom as manysources byspre8dingowar8ness ofthe charity and its work. Funding has been soughtfrom all th8 Milit8ryChartties and Irom outsi¢Ye the stanoard communityfunding$tre8ms. Key links are developing with many lundraiseis, which are now coming to fruition, to be ytilised in Larger projects being planned tor 2023 and beyond. H8ving 8 targer ie8m h88 made our I8 8 de81 easler and we are confident that the hard work Is paying olf. We would like to thank allthe prolessional peoplethat tye uptheirvaluabletime to act 8s ourvolunt8er8 ond who directly help individuBls a¢higVe thgir personal goals. Our go81 is to continue delivering as many be8ch clinics. 888 Swimming clinic8 and walking groups Bs posslbla, developing access to more Individuals. f8mily members and QUT Otherwider eommunity members. We continue to strengthen the delivery and support of well-being seryices to meet the growth in dem8nd from 8ClOSS the county. We have set up support hubs in the form of bre8kf8St clubs in Boomin. Falmouth and further afiold. SurfAction continues to work with Universityof E8St Anglia. Ru$kin Universlty and the Unlver81ty ot Boston IUSAI to quantlfy and slreamlln8 the exact delivery processes and to i(Jentify the real needs of serving personnel 8nd veier8n8. Thls 58 an ongolng programmg of de10pmerrt as research is ever changing ond must be qualified and quontifled. We eontinue to develop more connectlons wilh schools 8nd colleg85 who havè military chlldren wlthln thelr 9ducalion remit. This enhances and further develops our policies of knittingtsmiligs togeth8r after deployment. 88 well 8S oworeng3$ within schools who hav8 chlldren of serying military tsmllle8 in their cohorts, who offer Interventlon as a prerequi81te. Structure, Governance and Management Con3tltutlon: The ch8rily is iegistered as 8 ¢haritablg company limited by guarantee and was set up by a Memor8ndum ond Articles of A880ei8ton on 27 October 2010, the amendmenito the Momorondum *nd ArtiGles of Association was on 30 Janu8ry2017. The principal object ol the charlty is to promote gnd protect Ihe physical and menial healih 8nd welfare of those who have been wounded whilst semng in the Armed Foices 8n¢J cr¥i118n emergency services. and those civlllans which the trusi888 may from tlme io tlme deem io warrant support. and to help people deal wilh the ongoing problems ol Post Traumatic Stre8s Di80rder IPTSDI by introdu¢ingthem to Surfing and othef peer group actNites. Methods of appointment or election of trustees: Potential trustees aTe selected from individu818 who are interested In fiJnheNng the work of ihe ch8rlty. they are 8fven & copy of Ihe Charity Commisslonb booklet CC3 Yhe Essemial Trustee" upon glection and all rolevant information explained. During the reciuitment process external relationships 8re considered 8nd 8nyone found to have a conflict of interest is nol considered furlheT. New trustees are issued with guidance on what is expected of them. ALI trustees are expected to act 85 a leam for the good ol the charty- Page 6 of 21
Combat Surfers Trustees, R8POrt Organlsatlonal Stru¢ture and Decision Makin¢ The m8nogement of the ch8rity is the responsibilty of the trUe88 who 8re elected 8nd co-opied under the terms of tho Articles of Assoclallon. The trustees agree the broad strategy of the charity and the d8yto day running of tha charity is cooidbnated tythe managementteam. Trustees ResponslbSlltles The Trustee8 ar8 responslble for keeplng proper accountin8 rgcor(Js that dlsclose. with rg3$onable 8ccuracy at 8ny time. the financial position ofthe charty and to enabl6th8m io ensure thot the flnanclal Statements comply wlth the Charitles Act 2011. the Comp8nles Act 2006 and the 8pplic8ble Statement of Rècommended Practice. The Trustees are also responslble for safeguarding the a888ts Otthe ch8rity and henca t8klng r88son8blo stgps for the prevention and deiection of fraud 8rbd other Irre8ularilies. In 80 f8r as the trustees are 8w8re- th8re18 no relevant infofm8llon ofvthich ihe charltabie company* Independent examiner 18 unaw8re: and the trust888 have t8ken all 818ps thatthey ouglii to have taken as trustees to mak8 themsèlve8 8waie of any relevani Inform8tion and to establish th&t the independent examingr 18 8waie of that informalion. Approved tylhe Boord on 10° D8cemb8r 2024 and Sign8d on Its behalf by: Dougl05 Bèll Ch8ir &Trustee 10 December 2024 Page 7 of 21
Combat Surfers Independent Examiners Report Independent Examlner's Report to the trustees of Combet Surfers I reportlOthech8rity'strusteeson my examination of the accounts of Combat Surfers forthe y8ar ended 31 October 2023 which comprise the Statement of Financial Activitie5. the Summary income and Expenditure Account. the Balance Sheet and related notes. Respective responsibilities of trustees and examiner The trustees (who are also the direclors of the company lor the purposes of company lawl are responsible lor the preparotion ot the accounts in accordance with the requirements of the Charltle8 Act 2011 1-th8 2011 Act.). The trustees ¢onsidoT that an audit is not Tèquirod for this year undor Section 144(21 of the 2011 Act and that an indepgndent examlntion Is needed. Havlng satisfied myself that lh8 charty is not Subjèct to audti under company Law and 18 ellgible for independent exaMSnl0n. is my respon8ibilityto.' ex8mlne ihe accounts und8r soction 145 ofthe 2011 Act- follow the proe8dLsres18id down in the Gener81 Directions giNBn bythe Charlty Comm1881on under section 145151 Ibl ol the 2011 Act. and state whèther m8tt8r8 have come to my attention. Basls ol Independent Examlner's Report This independent examinotion wo$ undertaken in 2024 8fterthe Trustees requested 8 det8iled review of the finBnciBI statements lor 2023. The Trustees identilied potent181 errors 8nd in8ccur8cie8 in the allocation of cosi8 8cross funds. whi¢h noGessitated 8 Ihorough re-evalu8tlon of the financl81 records and accounts. This will r8qulre resubmission ofthe 2023 accounts. My examln8tlon was carriod out in a¢¢ordan¢o with lh8 Genèrnl Directions gfven tyThe Charty Commisyion. An ex8minÈtlon includes 8 T8vlewof Ihe 8ccouniing records kept by the charity and a comp8ri8on ofthe accounis presented with th08e records. It also includes consideration of any unusual items or disclosures in the accounts 8nd seeking explanatlons from you as trustee$ ¢on¢erning any such m8tters. The procedures undert8ken do not provide all the evidence that would be rèquired in an audii and consequentty no opinion is given 8$ to whether the accounts PTesent 8'true and tsir view. and the report18 limlted 10 th08e m8tter8 set out the stotomgnt below. Amendments and Resubmlsslon olAccounts Duringthe pparFon of the 2023 accounts, ty40 issues were ident¢fied'. Minor Misallocatlon of Costs Across Fund8- A sm811 portlon of costs were 8Uocated to the incorrect funds. which has now been correctsd to gnsuro compliance with donor restn'ctions and accuratefund reportbng. 2. Corrected Opening B81ances'. The corrected brought-torw8rd fund b818nces from 2021 and 2022 amendments were incorporated inlo the 2023 accounts. ensuring an a¢cuf8te repr8sen18tion ofthe charttyb financlal position. These amendments ensure the charitys accounts comply wth the principles set out in the Ch&rities SORP IFRS 1021- As the accounts for the year ended 31 October 2023 yre previously submitted with the errors. lh& trusteesldirectors have expSsed a desire to resubrnrt the 8mendeO 8ccounts to The Ch8rity Commission and Companies House immediatelylolLowing my review. Page 8 of 21
Independent exarninerfs 5tstement I have completed my examination. I can confinn that no material matters other than those noted above have Come to my attention in conneclion with the examination gfvlng me (ause to believe that: accounting records were noi kept in accordance with section 386 of the 2(K)6 Art.. or the accounts do not accord wtth those records: or the accounts do not comply with the accounting requiremènts under sèctiDn$ 396 of the 2CM)6 Act other than any requirement that the accounts give a 'true and fair. view which 15 not a matter consideied a5 Part of an iThJependent examination- or the accounts have not been prepared In accordance wlth the Charllles SORP IFRS 102}. A detalled revlew Including a software migration ha5 been conducted to ensure accuracy of the fvnd pOrtIng moving forwards and allow great securtty of the charity's flnances. Specific processe5 have been implemented and Current processes bolstered to ensure the accuracy of reportin8 moving foryRrd Including a detailed quarterly review with the charity's chosen accountant. I have no other concern5 and have come across no other matters In connertlon with the examination to which In my opinlon, attention should be drawn in order to enable a proper understsnd of the accounts to be reached. Adam Sloan ACCA FMAAT AATQ8 CAT AML Accountancy Solutlons Ltd 10 December 2024 Page 9 of 21
Combat Surfers ststement of Financial Activities For tha year ended 31 October 2023 Unrnstrkted Restrlcted Funds Fund$ 2023 2023 Total Furbds Totsl Funds 2022 Noto• Incom• and •ndowm•nts from". Donationg and legocl88 Charitable activities 7.268 7.288 12,1121 18.514 111.650 Total 12.1121 5.176 130.164 Expendltura on: Raising funds Charitable activitios 1041 87.840 89.881 111.175 Total 2.041 87.840 89,881 111.175 Net galn8 on Invostmont8 N•1 In¢om• 5.227 189.9521 18.989 Tr8nsf8rs b8eenIund$ Not Income l)olore other Galn51Ilo0•) Oth•r plns and (oM••: Net movementolfvnds 5.227 189.9521 18.989 5.227 {89.952} 18.989 Re¢on¢lllatlon otfunds: Tolal lunds brought Forward 193. 171,251 364.315 345.326 Totallunds carrled forward 198.291 81,299 279.590 364.31S This statement of financial act[188 Include8 8llgain8 and losses recognised in the ye8r. Ali Income and expendSture derive from continuing8Ctiviti88. Page 10 of 21
Combat Surfers Balance Sheet At 31 October 2023 Company No. 07421247 Notes 2023 2022 Flx•d 8S8•t Tngble assets Cufrent 89g•ts Debtor Cash at bank 8nd in han(i 10 1.806 2,408 40,950 285.811 326.761 144.5381 282.223 284,029 14,4391 279.590 84.400 284,822 369,222 14,3761 364.846 367.254 12.9391 364,315 Current Llabllbtle5 Net Current 0$8•t¥ Tolal assets l••• ¢uN•nt U•blUtI•• Non-current Llabllltlo8 Nét 888et8 excludlng p•Trslon •¥••t or Il•blUty Total n•t 088•1$ 12 13 279.590 364.315 Tho fundy ol tho ¢h8rlty Reslrlcted fund R881rlcted income funds 14 81.299 81.299 171,251 171,251 Unr•strlct•d funds General funds Dg9Sgnotgd fundy 14 196.485 1.806 198.291 190.656 2,408 193,064 Total lund• 279.590 364,315 Th88e accounts h8ve been prepored In 8c¢ordonc8 thè S¢181 provisions of Pail 15 of the Companlos Act 2006 relating to smo11 companies. For the year ended 31 October 2023 the comp8ny w88 entitled to exemption under sectlon 477 of the Companies Act 2006 relating to small companle8.Thg mgmbgrs hgV0 not requirad the company to obtain an audit in accordance wlh section 476 ofthe Comp8nies Act 2006. The directors 8G*nowledge thelr responsiblililes for complying with the Tequifements of Ihe Companles Act 2006 with respect to accounting rgcord$ and the preparation of accounts. Approved by the board on 10 Decembgr 2024 And slgned on behalf of by: Douglas Bell Chair & Trustee Page 11 of 21
Combat Surfers Notes to the Accounts Fortheyear end 31 October 2023 1. Accounting Policies Basis of preparation The accounts have been prepared under the historical cost corbvention and in accordance with: Accounting and Reporting by Charities Statement of Recornmended PractlC8, applicable to charities preparlngth8ir 8ccounts in accordance wilh th8 Fin8nci81 ReportlngStand8rd 8pplicabLe In the UK and Repubb"c ot Ire18nd IFRS102) second edition- October 2019 effective 1 JantJ8ry 20191-. the Financial Reportin8Stsndard applicabLe in the Unlted Kingdom 8nd Republlc of Ireland IFRSI 021: the comp8nles Act 2006 and the Charitiès Act 2011 The Ilnanc181 statements are prepared In stertlngwhlch Is the functlon81 cutrency ofthe ch8rity. Monetary amounts in those financial statements are rounded to the nearest £. The charlty con41108 a PLJbUc benefft enimy 8s deflned by FRS102 Change In bas18 Ot accountlng or to prevlous accounts There has been no change to tho accountingpoLicies Ivaluotion wles and mgthod of accounting) since (ast year. However, the accounts for previous years including 2021 and 2022 have bggn amended to correct an Incorreci alloc8tlon of cOS 8cr088 restricied lund8. Fund Accountlng Unrestricted fund8 These are 8V8118ble for use tha discr8tTron of the iruste8$ in furtherance of th6 genero1 objects of the charity. De8ignate funds These ore unrestrirted funds eorm8rked by the trustees for particu18r purposes. Revaluailon fund8 These are uniestricted fundswhich includea revaluation reserve representin8the reIn81ement ot Investment 8S8et8 8lthei( market values. Restricted funds Restridgd funds ore those don8t8d for u88 In 8 p8nicu18r area or for 8peclJc purpose, the use of which is restricled to Ihat area or purpose. Pège 12 of 21
Combat Surfers Notes to theAccounts Income Recognition irf Income Income is included in the Slatement of Financial Activities when the Charity becomes entitled to, and virtually certain to recesve, the income and the omount of the income can be measured with sufficient reliability. Income with Related Where income has related expendriurethe income and related expenditure is expendituie reported gro&8 in the SOFA. Voluntary income receNed bywty of grants donations ènd grfl is included In the SOFA when receivable ond only when the Charity has unconditional entitlement to the income Donations and Lega¢iea Tax feciaims on Income from tax reclaims is included in tho &>FA at the same time 88 the Donations and Gifts donatIOn to which it relates. Donated services These are only included in income (with on equfval8rrt omount In and facilities expenditure) where ihe beneflt to the Charty is reasonobly quantifiBble. mo8sumbi¢ and matsri8L Volunteer help Inv8stment Incomo The v81ue o18r)yvoLuntger help received is not included in th8 occounts. Th5818 Included In the accountsvthen ro¢eivablo. Gainslllossesl on Revelualion ot Fixed assets Th18 Includes 8ny gain of 1088 resultlng from rev8Lulng Investments to market value atthe end of the year. Gainsll10s88sl on Investment 88$et8 Thls IncLudes any 8ain or on the $818 of inv•8tments. Expendlture Recognition ol Expgnditufè Exp8ndliure18 recognlsgd on an accrual* b8sls. Expendlture include¥ any VAT whlch cannot be lully roCONtred and18 reponed 8s part of the expen¢Jlture ta whlch ft relates. Expenditure on R8isingfund8 Expendiiur8 on charltable 8Ctlvltle8 These comprlse the costs a8SOCi8ted with 8ttracting voluntary incom8. lun181ngiradlng costs 8nd investment man8gemeni costs. Thgse comprise of those costs incurred by the charity in the delivery of it8 actlvmles and servlces for Its bgnefi¢iaries. It includes both ¢osts that can be alLoc8ted dlrectly io Such actlvltF98 8fKI those costs of 8n indlrgGt nature necessary to support them. Grants payable Gfants pay4ble are ¢harged in the Jpar Ythen the offer is conveyed to the recipignt except in ihose ¢asgswh8re the offer 1$ conditional. $uch grants being recognlsed os expendlturg when the conditiorbs 8tt8ching are fulfilled. Grants offered sublect to condltlonswhich have not been met attheye8r-end are noted as a commltment. but not accru8d 08 aKpendtture. Governance costs These include costs associaled with meeting the constitutional 8nd statutory requirements of the Charity. including the prepafation ond exomination of the stwutory accounts. the costs of true8 meetings and other costs Unked io the gtrategic managemert of the Charity including the cost of 8ry logo1 odvice to trusteeson governance or constriutional matters. These are support costs not allocated to a particular actiwty. OthereJpenditure Page 13 of 21
Combat Surfers Notesto the Accounts Taxatlon The charty is exemptfrom corporation tsx on tts ¢hartt8ble activllles. Tanglble flxed assets and depreclatlon Depreciation is provided on aiitsngible fixed assets * rates calculated to wrlte off the cost less estlmat8d residual value of ea¢h a$8et ovei [18 expecte¢J u88ful Ufe. whlch 18 rwewed annuoLiy. The rates used are a¥ lollows- General Equipment 25% Reduclng 8alanc8 FixtUTe$ and Fittings SncludlngOffiGo Equipment 2596 Reduclng Balanc8 Trade and other debtor8 Trade and other dèbtors are recognised at the setllement 8mount due after arry trod¢ dIoUnt off8r8d. Prep8yment8 are valuod 8t the 8mount prap8ld nei of any tra¢Je dlscounts due. Cash and Cash equfvalents C88h and Cash equivalents comprise cash at the bank 8nd on hand. demand dopo8iiS wlth banks and other ghort-term highly Ilquid invtmentS with origonal m8turltle8 of three months or 1888 and bank overdrafts. In the statement of financi81 posilion. bank overdrafts. In the statement of financi81 positlon. bank overdrafts are shown thIn borrowlng8 or current liabilitlo$. In tho Statement of Cash F(ow8, ca8h and cash equivalents 8re 8hown nei of b8nk cwerdrafts that ar• r8payabLe on demand 8nd form an Integral part of the company's c88h mana88ménL Trade and Other Credttors Short term creditors are measured at Itt6 iians8Ctlon prlce. Other creditors and provision8 are recognised where the charity has a psen1 obligatlon resultingfroma past event thatwill probabty result Sn the transfer ol funds 10 a ihlrd party and the omount dueto 3ettlethe obligation can be measured Of estlmated reliably. Credltors and prov181ons are normalty recognlsed at thelr Setttheni amount 8fter ollowlng for any tr8de discountsdue. L88sed Assets Where the charity entèrs a 18ase which enia118 iaklng subst8n1181ty 8LI the risks and rewards of ownershlp of asset. the le8¥e Is tre8ted 8S 8 finance le8se. Leaseswhich do nottransfgr substantlally all the risks and rewards ol ownership to the charlty are classrfied as operating L88888. A8$8ts held undef finBnc6 ieÈse$ are initially recognised as a888t8 of charty at their falr value Bt the inception of the 198se or. if lower. Bt the present value of the minimum lease payments. The corresponding 118blllty to the lessor Is Included In the ba18nced sheet date os 8 finance 188se obligation. Lease payment8 are apportion8d b8tWe8nfinanc8 expens8s and reduction ofthe lease obligation lo achieve a constant rate of Intarest on the remaining balance of the liabilty. Finance expenses are recognised immediately, unless theyare directlyatlributableto qualifyingassets. in which ca58 theyarecapitslised in 8ccord8n¢e with the charity's policy on borrowingcosts. Assets held under finance leases are depreci8te¢Y In the same WBY 88 ownfjd ossets. Page 14 of 21
Combat Surfers Notes to the Accounts Operating lease payments are recognised as an wense on a strdighl-line b8sls over the lease ierm. If lèase inceniives are received to enter operating leases. such incentiveg are recogniged 88 a Uabillty. The eggreg8te benefll of Incentlve818 recognlsed a8 a reduction of rental expense on 8 Strdight-line b8sI8. Statement of Cashflows The charity is oxemptfrom prep8ring a statsmgnt of cash flows on the groundsthat it is a $m811 Charlty. 2. Companyststus The cornpany 18 a private comp8ny limited by guarantee and consequently doe8 not have 8h8re capit81. Thè charlty is Sncorporaied in England. In ihe event of the charity being wound up. tho iiabitity in respect of the gu8r8ntee Is Ilmrted to £10 per member ofthe charlty. The member8 ofthe ch8rlty8re the trustee8 named on page 1. 3. Statoment of FlnanclalActlvltles- prlory•8r Unrn•trlct•d Fund8 2022 Restrleted Funds 2022 Total Funds 2022 Income and endowm•nt• from: Don8tions 8nd leg8cl88 Charit8ble activilies 18.514 18,514 111.650 111.650 Totsl 18.514 111.650 130.164 Exp•rHllture on: Ralsingtunds Charitable activrtie8 109,842 111,175 Total 109.842 111.175 Net Income 17,181 18.9&9 Transfers beeen funds 19,6811 9.681 Net Income belore other Galnslllossesl Other galns and loss•s: Net movement offund• 11,489 18.989 11,489 18.989 Reconciliatlon of tund•: Totalfund8 bfought 185.564 159.762 345.326 Tot•lfund$ ¢fjrrl•d torw?rd 193.064 171.251 364.315 Page 15 of 21
Combat Surfers Notes to the Accounts 4. Income from donatlons and iegaclg¥ Total 2023 Total 2022 Donations Donations in kind 514 18.000 7,200 7.268 18.514 5. In¢om• Irom Ch•riiabl• Actlvltlel R08trl¢ted Tot•1 2023 Totsl 2022 Grant Income Armod Force$ Covonanl Tru81- Covld 19 Armed Force$ CovonontTrust- Blu• H•alth 128.158) 128.158} 1.750 Armod For¢*$ Cov•n•ntTru¥t- Force for Change Armod For¢•• CoY•n8nl Tru•l- Home Front Famllhs ProJ•ci Armed Forces Covenant Tru#i- Groon Blue H•alth 114.9041 114,9041 26,250 1.750 The Natlonal Lott•ry Communlty Fund 40.950 40.950 81.900 12,1121 12,1121 111,650 6. ExpendlluT• on wal$ingfund$ Totsl 2023 Total 2022 Fundralsingtr8dlng costs Page 16 of 21
Combat Surfers Notes to the Accounts 7. E¥penditur¢ on ¢h8rltsbl¢ •¢tlvltl¢¥ Unre8trf¢t•d R8strl¢t•d Total 2023 Total 2022 Direct expenditure on hgrltable aGtlvltl Surt CliniG$ 6.690 6.690 S,940 Volun18er Experises Vetgran support Costs 60 27,715 Therapy Costs Other direct costs 19,030 19.030 18,000 Family Support Costs Programme 8xpen8e8 Support Co8t8 Travel and Subsistence 16.650 16,650 5.116 233 233 3,481 5,661 Rent & raies 1.093 1.093 2.939 Tr8inlng Evaluatlon 2.100 2,100 Insurance 1.378 1.378 1,215 R8poirs & Tènew81s Telephone 8nd fax IT expenses Printing, post8ge 8nd st8tionery Subscriptions Sundry expenses Cleaning Marketing and promotlon Consultancy f¢0$ Leg81 ano professlonal lees Bank charges Depreciaiio Govern?n¢o eosts 580 4102 402 709 169 99 242 120 120 155 25 122 147 765 10 700 700 250 34.450 35.850 32,939 13 13 67 69 602 602 B02 Account8ncyfees Independent examination 2.700 3.370 1.075 1,075 975 2.041 87.840 89.881 111.175 Page 17 of Zl
Combat Surfers Notes to the Accounts 8. Net income betore tr•nsfor$ 2023 2022 Thls is siat8d aftèr charging: Depreciation of owned fixed assets Independènt Examiner'sfee 602 1.075 802 975 9. Staff cost$ The charity d083 not employ individu818 on 8 PAYE bases. Instead. sub-¢ontrg¢tors Ère used on an 88 needed basis. No indlvl(Ju81 recelved emoluments more than £60,000. The remuneration ofthe key m8n8gemeni per80nnel is shown in con3ultaneyfee8 and Olrect costs. The total of these is shown below. 2023 2022 Total employee ben8ffts recelved by key managgmeni personnel 58.417 61,796 10. Tanglbl• Ilx•d auets Flxtur•# And Fittlng$ ID¢ludlng Offl¢• Equlpm•nt Goneral Equlpment Total Cost or r•v8lu•tlon At 1 November 2022 Additions At 31 October 2023 D•pr•¢l8tlon and Impalrnient 18,168 8.736 28,904 18.168 8,738 26.904 At 1 November 2022 DeprecS8tion charge fortheor At 31 October 2023 Net book valu•s At 31 October 2023 At 31 October 2022 16,815 338 17.153 7.681 264 24,496 602 25,098 1.015 1.353 791 1.055 1,806 2,408 11. D•btor• 2023 2023 Trade debtors 40,950 84.400 84.400 Page 18 of 21
Combat Surfers Notes to the Accounts 12. Cr•dltors amounts falLing due within one year 2023 2022 Trade credltors Accruals and deferred income Relmbursement of Restricted Funds 3.401 975 1,075 43,063 44.538 4.376 13. Non4urr•nt LSablUtIos: amounts falling due after 8 perlod ol one year 2023 2021 Detsrred Accru41s 2.939 The deferred accruals included in these 8ccounts pertain to Costs incurred in the PfeP8rotion of the 8mend8d accounts. These costs include professional fees 8nd admini5tr8tive expenses necessary to ensure the accounts reneci 8ccurate and compliont fin8nci81 reporting. Additionally. the deferred 8ccruals cover thé fèalloc8tion ol co$ 8cross the appropriÈte funds. Th18 pioeess ensures that all expenses 8re oIIocgtgd Gorreclty in line with Ihe organlz8tlon's policigs and ony relevant lag81 or regulaiory requirement8. These adjustments are essenii81 for malnt81ningtransp8rencyond a¢¢ur8ty in tinanci81 reportbng, aligning the 8ccounts with the intended use of lunds. Page 19 of 21
Combat Surters Notesto the Accounts 14. Movements In lunds Incomlng Resources re8our¢•¥ expended (Includlng otheT 8alnsllosses) Gross transfers At31 October 2023 N¢wember 2022 R•8trl¢ted funds: Restrlcted Income funds: Armed Forc08 Covenant Po8ltlve Pathways Grant For Blue Health 28.278 128,1581 11201 Armed Forces Covonant Home Front Famllle8 14.904 114,9041 Tho Natlonol Lottery Communlty Fund Changlng Mlnd• Prol•ct Total 128,069 40.9SO 187.7201 81,299 171,251 2.1121 87,840 81.299 Vnrestrlctod fund8: G•ntr81 fundg 190.656 7.268 11,4391 196.485 D•8lqn8t•d fund¥: Capital fundlng Total 2,408 16021 1.806 193,064 7.268 2.041 198.291 R•valuatlon Ao8OTVO: Totalfund• 364.315 5.156 189.8811 279,590 Purpos88 and re8tilction8 in reLotion tothefunds- R•*trleted fund Armed Force¥ Con8t Posh1 A grarrt to supportveter8ns in imprnng he81th Pathways Grant Fof Bluo H•alih Armed Forc¢$ Covon8nt Forc•s for Change Arm•d For¢e$ Covenant Home Front Famllles PraJ•et Fund Agrant to supportveteran8 in improvlng health Thè N8tlonal Lottery Community Fund Changing MlTrdg Prolect Health and byellbeingforthos8 aged beeen 7 and 65 who are Imngwth medical. mental health and emotion8Vbehavioural drtficulties. which afe limitingtheir lives and their abllltyto participate in the community. Page 20 of 21
Combat Surfers Notes to the Accounts Deslgnated funds: Capitalfunding Funds tf8nsferred torcapit81 spend which will be matched 10 depreciation 15. Analysls ot net asBots brtvrnon Fund$ Unr•*trfct¢d Funds R•strleted Incom• Funds Total Funds Prlor Y•ar Fund8 Tangible assèts Current assets 1,806 1.806 2,408 196.485 130.276 326.761 369.222 Current Li8bilitl•$ 144.5381 144,5381 14.4391 14.3761 Non-current Uabilities 14.4391 12.939} Nel Assets 198,291 81.299 279,590 384,315 18. Rolated party dlxlo•ur Controlllng party The compary is limit•d by guar8niee 8nd h88 no Share coPlt•l: thus, no slng18 patTycontroL8 the compBny. Page 21 of 21