Chority regi31r81ion numbec.. 1*00802
Adsurf
Annual Report and Finand81 statements
for the Year Ended 31 March 2025
WESTCOTTS
eNAATIIIILI A¢CDUIITAMT
& •USIIIIS5 AD¥ISEA8

Adsiirf
Contgnts Icontinuedl
Referonce and AdministratNe DetailB
Trustees, R8POrt
2toS
Independent Examiners ReF4)rt
stalemgnt of Financlal ActNitièS
Balan¢• Sheot
Noles to the Financial Statements
gto19

Ad•urf
R•f•r•ncé and Admlnl•tratlv• D•tsll•
Trust•M:
Mr Pets Sm
Mr¥ Kelly Reeves
Mr8 Gillian Cox
M188 Ellsabeth Srnilh
Mr John Sweollng
Mrs Zoe Ga8coyne
Charlty Reglgtratlon Numb•r
1200802
PriTrcipal Offl
The F￿1
1 mO￿nn$ Twraee
Bude
Comwall
EX23 8BU
WestGdts ISW) LLP
47 Bouip)rt Street
Barn8tsple
Dewn
EX311SQ
Independent Examln•r
P8g8 1

Adsurf
Tru8t•os' Report
The Iruslges prBsenl tho annual fvport logether wilh the financial statemènts of the charty for the year
ended 31 March 2025.
Adsurfs Purpose. as set out In our Governlng Do¢um•nt
The provl$k?n of facilitses for recfeatlon and other l$i$ure lime occupatKJn3 in the Interest of soclal
welfare 8nd Ihe objoct of Improwng th• conditions of life for the pewns for thom they are intended
ty providing indusive and adaptNe surfing to pBople with di6abiliti•s, th mentsl heatth ¢onditions or
people who ore nouro diverse.
Obl•rttvg8 and AGtiYiii•s
To make sufflng a¢￿8￿1¢ to all and to Improve Ihe welkbeing of those tskTrng part by providin9
daptive Surf sessp)ns to Feopb wlth dbBabilities, mental h•8lih corKlit*)ns or Feople who are
neurodNOT8e.
To rernov• co$t as ¥ barrier, by providing freelsub81di8ed sessvJns to unlurKlèd participants.
To njn bthpgn l￿- 150 1..1 sessbns during 2024r25
To constslidale our team of ￿lunteerS by running mote training B￿l0￿s and encouraglng
advarncement whore appropriate.
To fundr8lse to pU￿h0$e additional kit and equipment as necewry and 80 we contlnue to run
SLt6idi8ed $•ssions for unfunded paiticipants.
To facilitate prOgress￿n for partiGipgnts thln the sport and a pathway to Para Surfing.
To be proBctNe in the development of Sdapt￿ $urfiThJ and the kit and equipmgnt used.
L8un¢h our 'Be¢oma Mobilo. campalgn lo rai80 funds for a van anLI Iraibr and a¢cgssorie$ to alk>w
Adsurf lo run sesslons al other beach88 in the Strulh Wast
Slren9then ti88 with Surfing England and establish Adsurf as a re(xJgnlze(I pathway to cornpetitive
8urfng
When planning our 4dlvitlo8, the tru$ts&$ have con8ldered th8 Charity C¢mmiJ8ion's guidan￿ on
b8n•fit
Achièvements and P•rform•n¢e
In 2024 we exceeded ovr go8￿ and ran 220 $855*)rn8 for 103 p8rticipants.
We viere able to 8ubsidi3e 311 unfunded 8e8slons In 2024, through fundi)g and our own fundraising
efforts.
Wa also succeeded in se¢wring funthng to pJrcha8e an ethJitK>nal fteet of w8tsuits, with •Japtation8
where necessary.
We ran tsvo volunteer Iralnlng day$ in 2024r25 8nd now have a surt sesslon volunteer group of over
40 people, as well as our voluntèer lundralslng committee and Tru$t88s arKI our gèneral volunteer
8UPPOrt gmup.
On? of our voluntèèrs undertook tho relwanl trainng which she Gompleted and Is now 8 fully quallfied
Adsurf coach. Sh&18d sevoAI $esskJn8 and is committed to rètuming for the 202S126 s8980n.
In May 2024. we hosted the *ry fI￿t Surfing England Parn Surfing Roadshow. %thich was o great
success.
Two of the participgnl8 have bgcome regular para surfers training wilh Adsurf. and our Le8d
In8tru¢tor has become a Surfing Eng18nd Para Team Goath.
Pago 2

Adsurf
Trustees, Report (continued)
Both of thtsse surf¢rs, one child ond one 8dull. entered the Engfish Op8n Para Surf ChanTrionships in
July, under the guidants of our instructor, and both amazingly well. ¢onsidering they only slarted
surfln9 in May.
Our adul surfer won his classllication event 8nd Subsequently sekded by Suffjng England to
compele in the Worfd chaM￿onshipS in C8lrfomi8 in Novembef. which he and our instwctor attsndcd.
and he (fid extrtsmoiy well.
Those were *maz￿9 opporwnititig, •xp•ri¢n¢e8 and athievemonts for both surfers. our instnJ¢tor and
lor Adsurf.
have established a pathway lo pan 9t5rfir￿ for surfers thèt want to progress and compete In
Ilaboration with Surfing England.
Flnanci•l Rèviaw at 31.03.2S
Boi%ipts. from unrestricted income:
DonaJons.' £3.614.86
Fundrai8ing: £4.315.26
Income from pald sesslon$ forfunded partitip8nts.' £3.4¥2.46
Sales of merthandlse: £1040
Other.. £12.51
Total- £12.475.09
Recelpts from restrict_ed.income-.
80thier Hinton Foundation - £1.938
CTrOp. £1,954.80
Comwall Councll Communlty Chest- £200
Sports Foundatbn for the DiBablad - £4,930
Total- £7.990.80
The bank balance carried foNard on 31.03.25 totslled- £29.685.48
£7,317.42 - R•sldctsd funds
£12,fAKJ.QO- Deslonated funds
£3,7￿.00 . ReseN88
£13,709.00- Unre8trfcted funds
Tho MOGI signific)nl oxpon6O 16 Still the cnst ol instruotor f8e8. Of the romainlng rostrictod fvnds.
£3,045 Is sp8crfically for th1$ purp0$9 and we wlll continue to fundralse #nd appty for fundlng to cov
futur8 sesslons.
Page 3

Adsurf
Trustees. Report Icontinuedl
R•serv•s Polky
11 wa$ thè kY)liw of Adsurf on 3151 March 2025 to maintain a bolonce in the reserves account which
equates to the amount of unspent restrlded funds plus an amount of £3000 to cover the ¢osl ol
replaryng our mDsl t￿enSIVe pie¢e of equipment plus £300 linflalion allowance). This has since been
revised lo an amount of £8151 10 in¢lude'. Ursenl equipment replacement, general ¢xpersse$ and
88lary shortf811. This will be reyw￿l regularly.
Volunteern
We would Ilko to thank tho volunleors for ther time, help and ¥upport they have given oNpr 2024r25.
This has been Instru￿ntaI ￿ allcNAng Adsurf lo a￿orn￿Odat* the In￿aSed demand and 8risure
th81 we enable as many of our beneficiary groups as posgble to benefit from our sessions. We wouk
partlcularty like to thank the vcslunleers who helped wtlh the surf Sessions. the Fundraising Ccxnmittee
and all of Ihose that helped and supported Ihe Adsurf fundraising event5 and acliviti&s.
Structur• Gov•manc8 and ManJg&m•nt
Adsurfs ¢>)veming DoGwnenl set out the rules regardln9 Trustevs. Them is one non-voting èttendee.
The Trustèès are responsible for making decisions on all matters ol 98neral concern and importance.
Icluding deciding how funds $hould be spent. These dècisions are discussed ¥nd made al Trustee
meetings, and whère appropriate over the trustees Whatsqrp gioup il a meeting cannot be arranged
in ts'rne or Is deemed unnecessary. Al Trustses are membeis ol the group and contrlbule or vote on
any decisions made.
Tha Tru6tse8 met slx Ivn•F btheon 1BI Apth 2024 and 31$1 March 2025. An AGM was held on 1 Oth
Apirl 2024.
Page 4

Adsurf
Tru#tèa8' Roport (conllnuod)
Btst•ment of Tru•t•M' R•8ponslbllttl88
Tho 1rnstee8 afo fvi prepadng Ihe Irustee8' repcrt Bnd th8 11n8nd81 staièm8rrts In
accoidaritifj the U￿ted Kwwdom Accountin9 Standard8 Iunlted Klnpd￿￿ General￿ Arzop￿1
A￿Unting Practixl and aPp￿Ca￿e law 8nd regUla￿n#.
Th8 knv applicable io c￿yrille$ requirns tho trust8w to prepom fmandal ststemonts for Iln8n(ial
year whlch ￿¥? a true and lalr vK8w of the State of affalr¥ lh• tharity and of Ihg irthming rosourc
and appllcation of rg•)urees of Ihe cha￿ty lor that per*)d. In preparfn9 th8S6 llnanck41 statemenls, the
tr￿le8S are To4u5r8d to:
sèlecl sultr￿8 accc>unln9 tKlldes and then apply them cons￿Len11￿,
observ8 fflollK)(L% an(1 pit1w￿$ kn the Chafitk4$ SORP,.
Makejud￿m•nts and eslAnatfr*1k￿ar• reasvnd)1g arnl pr4Klent:
slato whglhor appllc*lo ar¢ountln9 Stafidards hava been followed, 8ublact to ony m*Tlai
dopArturas (Isdose(J and oxp181n8d In tho IrAnclal ¥t•temont9,' ond
prnpare finan(iel 8tatemonts on gdng canctsm basls unlos5 M Is InapprU￿￿8kn to presumo
th01 thg thawity CO￿[￿8 in b￿￿&$.
Thè trvst8es are re¥p￿sibl9 for kEeplng proper acc4Jun11ng f8(wds lhat dfscbse wlth mSOA8EI•
B(al￿¢Y al any Ilm8 the flnand81 PDsiUon E>f the tharrty 8nd ¢nat4e them to eHsyre that lh¢ fingndal
statethents comply with lh8 Ch8rlUes Ad 2011. the Charitkn {*Kcounts 8nd Repor181 R8gulstl(
2008, and th8 pfDvbk)ns of the consltuLlJn. The trust8&s arg rgspons(blo lor safoguardlng thè
assets el the tharity and h8n¢e tr tBkkng reas0rnb￿ st8ps lor th• pr6vthton and detedhgn of fraud
and othar lff•gular4tl•s.
Thg tru8teos are respDnlble for tho mftlnknnc• ¥nd kntegrfty of tho corpjrats and finand¥l
IDforrnatsi)n I￿￿￿ed the charilable LX)mpanls ￿bsIte. Legislallon LKJvoming iho preparation #nd
diwrninatp)n of financiol Siatsmenls may dKfgr frum leglslBUon In ts￿er ludsdictlons.
The Annual r•F4)rt wa• approvod ty Ihe tru8tooo of ￿ (*arlty on .
behall by.
. and 8Egned on its
Mrs Gilian Cox
Ch8lr and TnJste8

Adsurf
Independent Examinerfs Roport to the Irustees of Adsurf
I report to the Icuslees on my examinolion of the accounts of Adsurf for thè yeaT ended 31 March
2025.
Respctrnslbllltle$ and basb of r•port
Ae the charity IruJtees of Adsurf you are responsiLqe for the preparalKJn ol the accounts in
acc¥)rdance with the requir¢menls of tha Charities Act 2011 {'Ihe Act'l.
I report in re5ped of my examination ol the Adsurfs acC￿Unts carried out und8r se¢tion 145 of the
2011 Act and in carWng Dul my exambnation I have follow8d 811 the applicab￿ Olreclions ulven by the
Charity Commission under section 145{5){bl of the A￿.
Indgpgndgnt oxamin•rfs statsment
I have compkted my examlnalbn. l ¢onflmi that no material mattets h8v8 come to my attention in
¢onnection with the examinatw)n giving mg ¢au5e to beliwe that in any malerial respect..
1. occounting ￿C0fdS wgre not kept in iesF*¢t ol Adsurf as requlred by sfjdim 130 of the Act., or
2. the accounts ¢Jo not accord those records; or
3. the ￿COunts do n¢t comply wrth the acwunling requirements conc&rning the form and content ol
accounts $8t out in the Charrties (Accounls and Reports) Regu￿1￿)nS 2008 other than any
requiremenl ihal the accounts glve a 'lrue and far view, which is not a matter considered as part
of an indepeThJeni exanMnatK)n.
I have no concerns and h8V8 corne across no other matters in conneciion wilh the examlnation lo
wh￿h attentlon 5houkJ be drnwn in Ihis ￿port in order to enable a propef understanding of the
acccun15 lo be reached.
Calh8rtsie Williams FCA DCI
Independent Examiner
We81cotts (SWI LLP
47 Boutport Street
Bamstapla
Devon
EX31 1SQ
Pa99 6

Adsurf
SLitement of Financlal Actlvltlos for the Year Ended 31 March 2025
RestrlGted
Totsl
funds
202$
Un￿trICted
lunds
Total
2024
Note
Income and Endovmwrtts from:
DonatKins and leg8¢igS
Charitable aetwities
Other tradw)g ac11￿t￿5
Total income
3,628
3.492
5,355
7.951
11,619
3,492
5,355
36.160
1,740
6,246
12,475
7.991
20,468
44.148
Exwndltvro on:
R8lsing funds
Charttsbl8 8ct(vilies
(1,2311
16,026
11,2311
16,026
(4041
10.224)
Total expenditure
Nel lexpenditur*}fincome
Gross transfers between
funds
117.2671
17.2571
(4.7821
7.991
3.209
33.518
5.595
(5.595>
Net movement In fvnds
Recob)¢lllatloTr of funds
813
2.396
3.209
33.518
Total fund5 brought fO￿ard
Totsl funds Carried forward 17
28,596
4.922
33,518
36.727
29,409
7,318
33.518
All of th& chadty'$ aGtMtIè8 d¢fve from continuing operation8 durin9 the tsvo perh)d$.
The funds bre3kdthvn for2Q24 18 8hcp*n In n¢)te 17.
The noles on pages 9 to 19 fom an integral part of thos• f￿ancIal state￿nts.
Page 7

urf
(Ro9islYatlon numbof: 1200802)
a•lan￿ Sh••1 •• at 31 M•r¢h 2025
2025
2024
T8nglble as¥•ls
Ctsrrfnt asB•t•
D¥bts)rs
Co8h al bBrl( and in hand
13
8.652
11,018
14
29,866
29.886
11.811
28.075
36.727
28230
rJ.500
1.1100
Cr•dliors: Anwunts tr4lling du• wllhln ona y•ar
N•t euTh•nt
16
33.518
Fund• of th• ¢h•rity:
Reotrl¢l•d In¢om• fvnd•
Rgstsfcted knnds
7,318
4.922
lknr•aMcled IN￿m•lUnd*
Lknrestrfcled thjrrfls
29.409
28,596
Total lund•
17
36,727
33.518
na
cial 8tatefflorrto IM pw 7 to 19 WBrg appThed by the tr￿$, and authth189d for788￿ on
.1& d $i9ned on thelr bthawby.
Mrs &I￿an Cox
Chgtr ènd Tr￿*
Th& Tr)teB p4goB 9 19 19 fom an IntsgTrl part01th￿ IlnawJAI stalements.
Pagg 8

Ad5urf
Not•$ to the Flnancial Statements for the Year Ended 31 March 2025
l Accountlng pollcle9
Statement of wmpll•nce
The financlal statements been preparod in a¢¢ordan¢e wlh the second edition of the Charities
Staterngnl of Recommended Practice issued in October 2019. the Financi31 Reporting Standard
appI￿able in the lthited Kingdom and Republ￿ of Ireland IFRS 1021 and Ihe Chanties Act 2011.
Ba$18 of pr•p•r•tlon
Adsurf meets the definition of a public benefit enlffy under FRS 102. The accounts lflnancial
slalemènlsl h8ve been prépared under the historical cost convention w*h items reeognised at cost or
transaction value unless othetwise ststed In the relevant nolels) to Ihe8e 8C(y)unls. The acfL)unt¥ are
prepared th 6terling which is Ihe funct￿n01 currency of the entity.
Ex￿ptIOn from preparfng a cash flow ststem•nt
The charity is classed as a Small Charity undei the Chority SORP {FRS 1021 and has therefore tsken
the exenytion from preparing a cashflow slalwneril.
Golng concern
The INslees consider thgt there 8fe no matsrial unc8rtainlhs aboul the ¢har*ls abilty to continue a8
a conGgm.
Income and endowments
Voluntary Income in¢luding donatlons. gfft$. legades and grants that provide core funding or are of
general nature Is re¢ognised when the charity has enlillement tc the income. it is pobable Ihat the
Incgme wlll be ieceivèd and the 6mount C8n be me88uied with Sufficionl relobility.
00n8t1￿ 8nd legAcle$
C4)nations and legacks reccgnl8ed on a roGebvable b¥8is wh8n recelpl Is wobabl• and the
8rnounl can be r¢li8bly measured.
Grants r•ulvable
Grants ar8 recognised wPen the charity has an 8ntitlem8nl lo the funds and any condibons linked lo
the grants have been mèl. Where performance conditions are attached lo the grant and are yet lo be
mot, the income is recogni$ed as 8 liability and included on the balall￿ sheet as deferred income to
be teleased.
Expendiknro
Al expendSture 1$ recognised once there is a legBI or conslruciive obligation to that exponditura. it is
probabse settkmenl b r8quTr￿d and the amount ¢Jn be measured reliably. All costs are alffteted to
Ihe applicable expenditure headin9 that aggregate simi19r costs to that category. Where costs C8nnol
be dire¢tly atlTibuled to particular headlng$ they have been allocated on a basis consistent with the
use of resources. with ￿￿1[81 staff costs allocated on the basis of time spent, and depreciation
Cha￿e$ alkjcaled on th• porbon of the a$sel's use. Othèr Support Costs 8r8 allocgted b85ed on thè
Spread of staff costs.
Page 9

Adsurt
Notes to the Flnanclal Statements for tho Yoar Ended 31 March 2025
{continued)
R•l$lng funds
These arg costs Incurred in ¥ttra¢ting Vo￿nI9ry In¢omo. tho maThag•menl of investments and lh￿e
incurffjd in Ir8ding actSvitles that ralsg funds.
c￿￿h&￿[¢ •¢llvltles
Charitable expenditure comprises those ￿$¢S incurred by th¢ charty In the delivery of ils acllvlties
and SoN￿@S for 116 beneficiaries. It includes both Costs th81 can be allctsted dirgctly to such activit￿5
and thos• costs of an indiréct naturo necessary to support them.
Support ¢osts
Support costs include central fiJnctlon$ and have been alocgted lo activity cost categories on a basis
C4)n8i$tent wrth the use of resource4 fr>r examph, alloc¥ling property costs by Il¢)or aroas, or
capita. stsff costs ty tlme spent and other co8t5 by their usage.
Taxation
The ch81ity is considered lo pass the tests sel out In Paragraph 1 schedu￿ 6 of the Fu)ance Act 2010
ano IherefoTe It mèets the definition of a ¢tt8rt8ble company for UK corporation lax purpo$e$.
Accordingly, the charity is polentrally exempt from laxation in respect of income Dr capr(al gains
received within categories Covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that Such income Qr gains are
applied exC￿S￿OIY to chariigble purp08e8.
Tangible fix¢d assets
Indiwdual frxed oss8ts c08ting £100 or more are Initiaty reo)rded at coJl, less any subsequent
eccumulalad depredatk)n and sub8equenl gccumulaled impaimient losses.
Dopreclatlofi and amortlsallon
Depreciation is provided on tarvJibl8 ffixed aosels so as to write off the cost or valuation, k¥$ any
estimated rosldual ￿tY￿. over their expected useful economK Ilfe 36 follows..
set class
Depreclatlon mathod and ratè
Surf Board5
StralJhl line over 3 years
Wetsuits
Straight line ov•r 3 years
Surf A￿e$SOr•9￿
SlroSghl line over 3 years
Adwtising Ass8ts
15% straight line
Cash and ￿sh •qulvahnts
Cash and cash ￿U1val￿nts cpmprise cgsh cn hand and call dfjposits, gnd other short-t¥mi highty
INUKI inv?$tm8n15 that are raadily Convertible to a known amount of ¢8$h and arè yjblect to On
tn81gnlflcant ol chenge In value.
Fund structure
Un￿$tr￿led income ftinds ore 98neral funds th*1 are availab￿ for use 01 the tsust9¢s discretion in
furtherdnc8 ofthe o¥eclNes of the charity.
Re3tr1cled income fijnds are those donated for use in a partlcular area or for specafic purposes, the
use of Nyhich is roslridod lo that area or purpc*se.
Page 10

Adsurf
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
Flnanclal Instruments
Financial assets and financSal liabl￿ties are recognised wh)en the charily becomes a party to the
contractual prowsions of the instrurnenL
Financ*al Iwbilities and oquity instruments are clasY4fied according to the substance of the cnntraclual
orrangemenls entered into. An equity instrument is any contract that evideneeg a r8sidu81 int8res1 in
the assels of the charity after d8ductir¥J all of rt8 Ilabill￿6.
Recognitlon and measurement
All financial assets and liabiliti¢$ are initially measu￿￿ at trans9Ction price (In¢ludin9 transaction
cos15), 8x¢epl for those fiftancial assets dasSffj￿d as al lair value through profil or loss, which are
initially mèasurèd al lair valuè (which 15 nom)ally the transaction price exeluéing transaction costs),
unless the arrangement conslilules a financing transaction. If an arr8ngernent consti￿te$ a financing
transaction. the financlal asset or financial Ilability is measurèd 81 the present value of the future
payTnents (5iscounted at a market raig of inle¥est for a slrnilar d8bl inslrument.
Financial a$sets ond Ik8bllf(k88 are only offset In the 5taltmenl of financial p)sition when. and on
when ther¢ exists a legelty enforceable right to sel off the reGogniyed arnounls and the charity intends
oither lo settle on a net basis, or lo reali8e the ass&1 and settle the liability Simultaneou￿Y.
Financial assets are dere¢ounised when and On￿ when al Ihe contractual rights lo the casb flows
from the financial asset expirè or are sattled. bl the charity Iranslers lo Bnother paty substantially all
of th¥ fi5￿ and rewaids of ownership ol the finanrial asset, Dr cl the ch8rrty. despite havillg retained
Some, but not all. significant dsks and rewards of ownorship. has transferr¥d control of the asset to
another paty.
Financial liabilities are dergcogniged onty when the obligalKJn 8pecifigd in tho contract is discharged,
Cancelled or expires.
P89011

Adsurf
Not•s to the Financlal Stat•ments for the Year Endèd 31 March 2025
{contlnued)
2 In¢orn• fr￿ don•tknns and legacl•
Unr¢strlGt
lund$
Restri¢ted
funds
Totsl
2026
Don￿onI
DonatloTrs
Grnnts
Grants we￿able
3.628
3.628
7.991
7,991
7,991
11.619
3,628
Unrn•trlcted
funds
Re•tricted
fundB
Total
2024
Donatlons
Cvnatlon8
Grants
Grants recefv8ble
15.352
15,3S2
20,808
20.808
20,808
3e,160
15,352
J Income from charftabte actlvlU8s
Unrestrlcted
tundg
Total
2025
AdgPtSve $9$6itins
3.492
Unmtrlctsd
funds
Total
2024
Adaptlve sesjlons
1.740
1.740
Pago 12

Adsurf
Not01 to tho Flnancial Statèments for tho Yoar Endad 31 March 2025
(continued)
4 Income from other trnding •ctlvillas
UnrestrlGted
fund8
Totsl
2025
Salg of product Income
Fundrnislng Proceeds
1,040
4,315
5,355
1.040
4,315
5,355
Unrnstrlct•d
funds
Total
2024
Sale of product irtcoff
Fundrai¥ing Proceed8
272
5.974
272
5.974
e,248
6,246
6 Exyndtture on ralslng funds
al C(ots of trading activiti•8
Unrnstri¢tgd
funds
Total
2026
Fundraising
Morchandisa
397
834
397
834
1.231
1,231
Vnrestrfcted
funds
Total
2024
Fundra￿1n9
rc*andlse
317
87
317
87
404
Pag9 13

Adsurf
Notes to the Flnancial Statements for the Year Ended 31 March 2025
(Continued)
6 Exp•ndlture on chariiabl• *¢tlvltiev
Unr•strictsd
funds
Total
2025
Ch8rtabJe activlbfrs
Alkcated support ¢0813
12.952
3.074
16,026
12.952
3,074
16,028
Unr•stri¢ted
funds
Restricted
fundg
Total
2024
Charitable aCt￿titIeS
Allo￿ted support eo8t8
7,458
1,821
9.279
8,403
1,821
10.224
945
7 Anatysi8 of 8UPPOrt costs
Support costs #llocated to charftabl• actlvltle$
Support
Total
2025
Total
2024
Independent examlnatlon fe88
A￿oUntancY fe•s
T¢￿phone and f&x
Computer soliwar¥ and maintenance costs
Legal ond profes8k*)al fe85
2.486
1,000
188
100
300
188
100
300
165
178
3,074
3,074
1.821
8 Net In¢omlngloulgolng rosourc
Net IncomlrvJ reswrces for the year Include:
2025
2024
Depreclalion of fixed assets
5.421
Pog• 14

Adsurf
Notes to the Financial Statements for th? Year Ended 31 March 2025
(Gontinued)
9 Trustees rnmunerat5on and exp•nso5
No Iru51ees. nor any persons conneGted wlth them, hove recebved any femun8r8tion from the Gharity
during the year.
No trust￿ h8v8 rec6l¥&d any revnbursed expgnses from thè charity during the y88r.
10 8tsff ¢ost3
The aggregate poyroll c0818 were 88 follow8."
2025
Stsff costs durlng the year wer•:
Waps and salaries
975
The monthly average number Df persons (includlng senior management I leadership team) ￿npknYed
by the chadty durlng the year was as folbws:
2025
No
Employee$
No ernpbyge rwAwed omoluments crf more Ih8n £60,000 duiing Ihe y￿r
11 Independènt oxaminerf• remuneratlon
2025
2024
IndeF•nd8nt wminalion fees
2,486
1,000
Page 15

Adsurf
Notes to the Financlal Statements for the Year Ended 31 March 2025
{continued)
12 Taxation
The charity i¥ a regi3lered thanty and is therefore exempl Irorn taxation.
13 Tanglble fix•d assets
Surf
Surf Advertlslng
Boardo Equlprnent AGctrssorles
Assets Wttsults
Total
Al 1 Njrll 2024
Addiiions
8,640
322
1.033
723
436
6,330
2,190
16.439
4,265
1.030
Al 31 Merch 2026
8,982
1.030
1,756
436
8.520
20.704
Dopreclatlon
At 1 April 2024
Charge for the year
Al 31 March 2025
2,879
2,986
345
87
65
2,110
2,840
5.421
6.631
154
5.865
154
931
152
4.950
12.052
Net book value
At 31 March 2026
3,097
878
825
284
8,652
At 31 March 2024
688
349
4,220
11,018
14 Dobtors
2015
2024
P￿paYMents
200
15 Cash and cash oqulvalents
202S
2024
Cash at bank
23,236
16 Croditor8: amounts fal￿￿9 du• wlthin on• year
2025
2024
Other taxation and social $￿urity
ruals
1,8L
1.811
1,000
1,000
P40 16

Adsurt
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
17 Funds
Balance at
1 Aprll
2024
Balance at
31 March
2025
Incomlng R•sources
resourcgs
•xpended
Tran$lers
Llnr•strlct•d fund8
Ger*rnl Funds
Van Fund
S￿131 M•di8 Fund
28,596
12,475
117.257}
16,405)
5.000
7,000
17,409
5.000
7.000
28,596
12,475
117,25n
5.595
25,409
Restrictsd funds
Claire Mlln8 Tw$t
Comwall Council
Community Che
C&op loc81 communfjty
Bude & Stratton Town
Counul
Green King
Bal$on Trust
Mencap Fund
Boshigr-Hinlon
Foundalk*n
Sports Foundation for the
DisBbl6d
Refill shop
Everitt
(4)
200
1,3S5
200
1.868
888
(375)
1,085
1,000
960
985
(1,0851
(1,C(JO)
(960)
(7651
220
1.936
11.936)
4,SOO
1150)
330
350
4.350
330
350
7,991
5,595
7,318
Total fvnds
33.518
17,257
36,727
DuHng the period. funds have been tr8n8ferrèd from re8trict¢d to unrestricted fvnds once thg funding
h85 been utili58d by the pU￿h3&e of tixed assets and as a r68uIt thè restrlctk*ns on the funds have
een fulfilkd.
Page 17

Ad5url
Notes to the Financial Statements for tho Year Endéd 31 March 2025
{continued}
Balance at
31 March
2024
Incoming
resou￿09
Rèsour
expend
Translers
UnTestrfcted funds
Genernl
Gener81 Funrjs
23,338
19.6831
14,941
28,596
R•8trlctod fvnds
Claiie Milne Trvsl
Cornwall CounGil Community
Chest
South West Water
>op io¢a5 community
Jane Hartly Fund
Bude & Stratton Town Council
Grgen King
Ba180n Trust
Men¢ap Fund
2,500
12.4961
1.000
2,000
888
2.430
2,000
4,000
(1.0001
I2.0￿)
888
(2.430)
1915)
1.085
1,000
960
985
(3.0001
(30)
5,000
14,015
14.941
1945)
4,922
Total fund$
10.628
33.518
18 Analyslg of net assets between fund•
Totsl funds
4t 31 March
2025
Unrgstrkted
funds
Re5trlGted
funds
Tangible fixed assets
Currgnl assets
Current liabil￿e3
8.652
22.568
11,811
29,409
8.652
29.886
11.8111
36.727
7,318
Total net assets
7,318
UnrtstrlGted
fund$
Goneral
Total funds
al 31 March
2024
Re8trlctsd
funds
Tangble fixed assets
Current assets
Currerst11gbilitle
11,018
18,578
11,018
23.5QJ
1.000
4.922
Total net a5$ets
28.596
33,518
Po99 18

Adsurf
Notes to the Flnanclal Stalements for the Year Ended 31 March 2025
{continued)
19 Rglatgd porty transaclions
There were no related paty transacllons in the year.
Pag¢ 19