COMPANY REGISTRATION NUIABEIL. CEOJ2899 CTrIARrrY REGI8TRATION NUMBER.. 1203616 Durlelgh Salllng Centre Charltable Incorporated Organisation Unaudited Flnancial Statements 31 December 2024 Chartered accountants 9 Sadler Street Wells Somerset BA5 2RR Durlelgh Salling Centro Charltable Incorporat￿ Organlsallon Flnanclal Statements Year •nded 31 Decembor 2024 Pag Ito6 Tnrntees, annual report {ir￿orpOratIng the dlre¢torf8 report) Independent exami￿￿5 report to the trustees Statement of financial acfjvlties (includlng income and expenditure account) statement of financial poslllon Notes to the financFal statements 10t018 Th• followlng pages do not form part of th• flnanclal stat•ments Detailed Statem￿tt of financlal athlties 20to21 Notes to th• detsiled statement of finandal actlvitie8 Durleigh Salllng Centre Charftable InCo￿Oratsd Organlsation Tru8t•8s' Annual Report (Incorporatlng tho DIr•ct(￿S Rwort) Year ended 31 D•¢•mbor 2024 Th• tr￿1. 7AIK4 ara •l•o t￿ dlrocth fw tho pury)rthB of ccmp3ry law. Pro￿t thdr ropryt and tr un**I￿ed 11￿￿￿1 •tAtom￿ oftro ¢k41ity lorthe ￿ endod 31 Dac*mber2024. Ch•lrf• r•port 2024 first ful ya•r that ￿ operatsd u Durfew &ifry Cth. r*•J from th• boglnr*o ofth? yoor d m•nbershix oppiiod lo th18 rw*organS88110 Member N¥nbers durfrwj 2024 88 ft4hxB'. Sailln9 m•mb8rshh) stati¥. 93 In 2￿23 and 92 In 2024. H(p￿, 4 ofthe 2023 mgmbwswwt to Tralner member*fftC. Thgre was a good Increas¢ kn Junkw mf/nb•rn althouth 4 ￿￿gned th•rn 13 new ones. off8et by a Ilmlw decrea￿ in the knonnaf mOm￿￿hlP. RC onty Members￿ 17: Tralw members 20: Saturday C￿b cfflty chlltren 35 (fio refers to those are not Salling memkws ats well.) ￿Ul¢ CoLf86 m¢mb8r&' 27, of *ich 7 hav• ioind •• ￿1[￿¥ membws In 2025. T(tsl m•mkr•hlp f(Y the 191. FinwKl•Uy tho Crte pthed the >tar, a• 8hMI lry the attathd. and clrculated. Accwnts for 2024 and w8rats compw180n shtat lor 2023 (required u thw• no 21f23 tradlng for the Cthre). ThL4 VM a¢hlw•d ty Iruoawj xtknty •KI dhdende8 fEULrfUrpJ from th• merger. For thè most prt 4811ng M•nt on m￿h as tt thl boftye. r•gular W8th*day, Salwday aftemoon aNI Sunday runnlry for wacwvj WKI ¢as￿￿ sdlbw, wvj the Wintèr Idde Sed racos contknuing In tho.off Bogson.. We hekl a very 1￿Ce38Tu1 Open Day on thè May Day Bank Holklay. th￿ks to a Iwtssttc j(xrt dTort by our membws. The everrtwas aThJ ￿Jrp￿Èfv1. wilh a fo￿ on mthng for a8 mary nvw people as posslble to gol into, and kery (Y*, salllng at ￿rI￿th. 8ett•r •xp08we on 8(%wI meda reguhed In aroLnJ 200 vl8ttorn en￿￿1￿j an introdLKtion to ¥alkng throtryhoL* a w buBy (*. Onè of tho benefftB of ￿Ing a $lno1e wi8alion was that ￿ ¢￿Id r#yw offer tratrdry and c¢xnllngd sallh memberships. Ths has proved key In trained Jalbr¥ u Centr• mgnkn, I1￿M ea8ty lo Ixmd on thdr skas furthw tlme ￿ tho w818r. S•lurday Trniniry rMwn•d at end rfwl. numbern part st••thty Inmwd throughr¥Jt Ihg >wr. 26 8dLIi8 took up 2 course. mary a8 a r88uIt of llir Open Day w•rim, 8 ￿￿re*S8 ￿ yevlous J*ars. Swal of thesè on to wudpate In rngulw salr¥J at Durfa￿h as Membe￿ In addttkjn to tralnlng now ¥allor¥, yourttj dd. tho Trnlnln9 Sect[c￿ agaln i￿•18•d th¢ of (wllfi¢8tkn8 of It8 lrntructh, *llh 5 IrAtructh In 21)23 4 In 2024 Durfeigh Salling Centro Charltabla Incorporat•d Oryanlsallon Tru•tM•' Annual R•port Ilncorporatlng tho Dlrnctorfs Report) ( Y•ar ended 31 Dec•mb•r 2024 thrwgh tralnkw ind 881OSsm•nt to becc•M RYA Dlnghy In8tructor8. ft alw able to offw enh￿cements to P￿￿1b1￿1 w￿￿tiOnS salllrwj as RYA Guidek• for safety boat co¥or t*come more r&rK(xM, 40 thai many of ow Lovel 2 drivws gAlned ad(IIIcf￿l $8f*&¥kills tralni I1￿(x￿o. Ft r6 to the ¢stsd somo 0¢ grtyj 8t trE same Ilmg r•gLlar sallw 8088knB. At th• end of ￿ty. PtyTh¢Ath Wa•K N6torkaUy a SYCSA ev•n( wd$ O￿ned w as an opp(xttvty for k. salllng crtrt of Tur during the Open Day, and hgNing regiAw me￿n9$ cm Tuesdays aNi PA4nthys. We have an l(leal stretch of water ond locatlon for thls and expect to bw)8fit from mcY• Memb￿ 08 tt in populwtty. Most of tho vkno uwj to sall at sodg￿n0￿ Model 8oat C￿b I￿r￿d the Centrè arKI adomed th• W trcthi65 from SMBC wthlch wern mrded at the t4￿ of the VAntor Serfes. The Centr8 also ¢sl*lJshod a prea•n￿ *4th tho MY& vthich wt on thtr map and ￿￿kIe lh• knouwca covw for memtws. Ow rwJJar ae881ons canllnued to grrMT in p(Y￿a￿Y. Wedw(kny saNlng be¢wne a v•ry ai40 affair, *llh rn￿berS tK>t meaf$ bet*wi afterrthn WKI evgnlrvj 8alSw. Some Indmdud ev•nts open8d up to tralnkng members and thwe vme adaptatbrn to 80me of the ro¢8S, Wtlch bthr IntegraU(m bet4wen dtffwent u$ws of Cwrtre. Tlxjsa InVol￿d enJo>*J *￿￿ul•tOd Ta￿. wvj Iher• mLth 8h8ty of best I)•fr￿en our memborB. For our le85 eW•nced saknr¥. and ord, provldgd a much rwded atepp •tth)g irrto ••lling moro lTh1op*Klenty. and was a great confkknctrlyJihJ¥. Andy WrfgN ChAlmi Durfelgh Salthw C8ntr• Durleigh Sailing Centro Charltable Incryrated Oryanlsatlon Tru•to•s' Annual R•port Ilncorporatlng the Dlrectoffs Report}Mq Year •nded 31 Docembw 2024 R•f•r•no •nd •dmlnltstrntlv• d•tslJB R•gl•ternd ¢harty n•m• [Xulai￿ Salrs Cenlr• Charfty r¢gl¥tTrlk•n numbw 1203818 PrfIWI offl¢• and rngl•t•r•d Durlelgh ReSer￿r Bridwater Somer8et TA5 2AW *A Wrlght (Cholr) IAr JAJ Wrfgl Ms S West(¥n MrA T Mi88 SE L(ry ITr•8MTh) MrPU M8 S (Vlc• Cl Ms S W(K¥J8 Mr M M￿￿UX Bislw Jone8 Ch8rt8r8d P4XOWrtarts 9 Sadfer SITeet wd IAppolrtsl 15 2025) Ind•p•nd•nt •x•mln•r 2RR Structhr•p govern•hC• and Minagm￿nt Natur• of gov•rnkng d￿uM•￿t IXYl•i￿ S•knvJ Centr• 18 a r*rod Ch•ttable ￿C￿p￿ted Orgarasation Jet up urKler a con811ttrt adoFtsd on19th June 2023. The charity ha6 tsken over 8th1t￿ arKI a¥sth cl Somer8et Youth and Communlty Saling Associatlon <2013) (a Ch8rltatrle Ir£￿Tated Orgari8alioft numbw 1155C113 ragistered offi￿ 2 Prfory Cottoges, Chlxon Pold￿ Phll, Brfdgwatw TA7 9AHI aThl Durt&th Salmng aub {a volLntsry run arKI mon•Jod member8 dub) on 1 Jakmwy 2024. Tho and re8tricted assets of both organl8•trcTh tranBferred under an #8#et transfw awm•rt d*gd 191h J4 2ff23. Oryanl#tlonal •truGtur• Full and A88odat•. Th& Exeathe Commthe malntalns overal control and mawgoment d Iho A88ooalh)n and m•et regul#rty. Tru6t085 are aPFK4nted each yaw at the AGM by com1d￿lVj Ic•tions recdved arld 8PPDlntkng by vth. Ortrthird Of1￿ Charitytru8t￿ rellrn ty ri*811￿ at each AGM and ara digI)18 for reappoinlment. Durleigh Sailing Centre Charltable Incorporated Oryanisatlon Truste08' Annual Roport (IncO￿Ora￿n9 th• Dlroctorfs Roport) Year ended 31 Dec•rnb•r 2024 M•J•x rfsk• and m*nw•ment of those rlgks Tho wknclpal a88ets we bardt b•lwKes *wJ equlFYnenL The Truste￿ h•ve •xamin•J the Ma￿ rf8k6 wNGh Ch•rtty facts PAI M￿ttor ￿kS a regular l>a61B to mEWe ifflpact th•t may on th• fithre oflho ChBty. ObJ•¢ts and al Tho oble¢t of CIO Is to pnxnote commU￿Y In rerxealth by wovhllry faclthj ft¥ satllng and *lndsurthg (f(Yts purythes oftN8 means l0Thl. bu￿lI¥j5. ewwient. luits￿ •slng 6r*vUng xtr¥1tt66). FundThtslng dl•¢lo•urn• Th? chaffty Is eammltted to ttmt al fiThlrahiThJ aclMU6s are coThlLthtJ In an open. IKr d re8p¢¢thJ mann8r. In Ine wlth the CcKle of FUndraI￿n9 Pracuce Is$￿1 by the FurKlrnl8tThJ Rryulator. Durry the >wr. Iho charity did nat eM￿0Y F¥de881onal funth•l•ers cf uxnmer(ial p8rtirAp31(Ys. Al r￿dIal81r￿j acti￿e6 yo￿ ewrfed (Mrt by Btaff. volurteers, and trust888. Th• dwrity Is registwed ¥ the F￿d[s￿ng Rewlator and adher￿ to its and quldan We rowved no Gomplakts about w funthaS8lrYJ 8CtMtte8 Ihe reportby prtod. W• ha proc&Jure8 In ￿￿ce to monitor fundraL8lw PTacbts8 •n8uro Gomptlance th r•lovant leglBtation ond best wlGe. ThaBe Indude regular of funthdirrwJ materlalB, tralnlng fcf 8taff and ILrkn•r•. WKI o¥ernbht by tho Boord 0fTn￿& charty tsk8s the protects(￿ of MAner•blg people s•riou8ly and th pokhs In to that fLmdraiskng apwoacP• ¥8 apwowlats and sor￿￿1¥& Wo d) ￿t •rwg• kn Gold callng or do(Y. door furthhlry. Publk b•n•fft Th• DLwl*h Sallrvj Certse proNlde8 IxAldlngb. fadfths W•J q)en xpJc• fw thb UFO of¢Nh*en. >vJrva P*• and m•mb•rn l also provfd•8 88Trlc88. athlce, fAlwxo¢yarKI k)f0M￿tIOn to thoM peo￿. Th• trustees corrfirm that cixnNled wllh the rnquiremertj of sKdon 17 of the ChvlOo1 A(* 2011 to ha￿ rewd k> the PLt*lc bor￿1 gld8nce pubU8frrtd ty the CommlsoiDn ErylarKI and Wths. The C•ntre h vwy invol¥•d in lh• hxal ¢(xnmur4ty orKI bwnd #Thy rele8 on ts ¥upport of its manber8 and on the trnlnlng memljws, volwrtary help. Mo8t of the 35 or 80 traI￿n9 member8 have ¢￿￿K19￿j profes$tonal RYA qualffication8 *MI pass th¢ir experU8e on to dl pa￿nts. There18 ontt ¢l•an8r cortrathd. and wen8e5 are offernd, these •r• vwy rwdy tsken, roduckng Ihe lknancial d•mwds of tho 4xgan*atlon. TN8 anov•B more re30Lrce8 to b8 Put knto Durhlth Satling C*ttre lu help th further tralnln9, and up9rarfiw Of facfftlle8 for gen8rn1 s8llNJ and raciw W• vl8h to dl wr member8 Mplo m•ke the Cwtre 8wh a 8UCC•88. Durleigh Salling Centre Charltable Incorporated Organlsation Trustees. Annual Report Uncorporatlng the Dlroctots Roport) Year •nded 31 Dec•mbor 2024 A¢hlw•m•nts •nd porfornMnc• Ful dotsb of the achl8wments and perfthar￿ of I1￿ Ctwity In the ￿ to 31 Doc4mber 2024 can b• fwnd in th• Chakniar* rewL FIn￿¢￿ rnvl Tho of Fknondal AcOb*le• • rnt swpkm fw thg >•Ar d £3,822 (bth fvrK transfern) wd re8erM totsl £163,105.The fflnand81 pwbon *)d pgrfomwi¢e d Durltyh SalSr4 Contre l• kn Ine *llh tho oxpKlakn of the trustees, b08ed on tho monknwy of In¢¢mo aThl expend6ture thruughlxrt th• rn. At the ￿ •nd the not 8•80ts wer• £183,105, of 7hl4ch £132,W repre8thd gemar Lfftre1trf￿ funds aThJ £30,141 represthed d8signat•d fwKls In r¢8pe¢t ￿ fundB 8pecifrrA*y recelved for the WrpO￿ of renv4AThJ ex%￿dIng ts 8ali Ilaet and 0quIpm￿ T￿ Board CO￿d•￿ that bakn(¥ ofamats a8 4t the was 8aWath. Tho Board ha8 eBtsblW a 8uffi¢i•rt unre8trithJ fundB nfA held for fix•d a8tet8 ffre¢ r•ser¥es) shothl be acc￿nu18ted over tlme to enatle contiThJaUon oftho chatys ¢yeraUons for a mIThm￿l wriod of 8ix month8 tsking tnto a¢counl ary Kab[l￿e% that ¥a l*dy to crfftlise kn the ovent of the cPAnty p•ty or Ixhg oKw8Uon8 and to provlde for tl* fwKlirg of 8ntiaWed eXp￿dIUr•. Inv¢slm•nt polky•nd obJKUv The Boord Ihe polw lo knvest In w8s8 as It 80gB fit HTh*￿er, the pro￿ polw is to ￿1¢& Durleigh Saillng Centre Charftabl• Incorporated Oryanlaatlon Tn￿t￿l. Annual Report Ilncorporatlng th• Dlroctorfs R•port)M*mP Y•ar ended 31 Decemb•r 2024 thè tN8t••$' roport and th8 finK￿lI 8tatem8nts In #¢c4Xd￿ ￿ applic•k49 laW￿d Unlttd Ktr￿QM AC￿un11n9 SlandardB {Uiyt•d G￿￿•1YA￿Oad A¢e4yJntsw Prnrkn). CoMp￿Y law tho charlty trust•e8 to wep•r6 st•t•merts ft>r each a true and tslr ￿1￿ ol ts ¥tate of affalrs of th¢ dwrftable and the Incomlng r￿QUIc•S •rKI ob8er¥e the methc¥l¥ prir* kn tho appl￿&10 ChartYe8 SORP. makejudgments and acc￿tir￿4 •stimatM that ￿ reasonatle arKI [Aud￿t,, epwg thg flnwKl81 ¥tatements I￿ the rmcwn bosis wl688 It is ￿a￿oNI•l¢ to pr•8ume that tr* wttinu8 In I￿lneS8. e*ain tho tharws tr•nBaCtkn8 and rfiodose w*h r￿Sonable acvJr•¢y at any ￿me tho finarK4al poslb'on of th8 charlty and enable them to en8wo that the firkgndal *atemwrts C¥)m￿ Y￿1h the Ccfflpantes Act 2006. Thoy tn alw ros￿￿￿[9 ts saf•guwdlffj tho ￿lets of th• and I for taklng rea$Or￿le steps for the Prev￿tiOn and dthllon dfraud aThJ 1ff•g￿arhl8￿ SrMII com￿nY pr￿110 Thh report ha¥ be￿ Ix•par•d kn a¢QYda￿• vAth thè pro¥I8knns applkAblè to MmFqnle8 •nlrtl•J to th• JMAI cunpanl88 exemplknn. The tru8tee8' •muoI rqxxt Y￿5 appro¥•d on 13 Sgptembw 21r25 and *r*d on beheif of ITh• board of Ills8 SE Long (rr888ureQ IWO￿4￿1t?. :Jipiiurc Durlelgh Sailing Centre Charltabl• Incorporated Organlsatlon Indopendent Examlnerf8 R•port lo th• Trusto08 of Durlelgh Salllng Cenlr• Year 31 Doc•mb•r 2024 I to the truBl••s M my ¢xamhition 8tat•ment• of txffkngh C*tro C dwity) fcrtho >•ar w>Jed 31 D8¢omtw 2024. Ralp￿MIbIlIt[O• and bwls of r•port ts the trustee8 of th• cixnpary {￿￿ tho rts director8 for tho pwp08•8 fA ￿mPAry Iv*> are roSp￿n61b1e for tho weparallw of the 1]nand￿ •tat•ments kn •¢COrdab￿ th tho requtr8mwts d tho COMP￿1￿ Ad 20D6 nhe 2006 Arf). tw the acowits of tho eompwy ar• ncl r•quirwl to be audti•d Part 16 of tlx 2006 Act and are ￿9[bra for examlth. I rewjrt kn resptsct Df my èxamingtion of the diariil8 occounts as carrlod (xrt under Bodon 145 of the Clw6Oe8 A¢t 2011 (Ihe 2011 ACVI. In out my exwninatt(m I hav• fknd the DIroc11￿8 glven by fv Chty Commlth undef 145(5)(b) of tho 2011 ACL I hèvo corn￿ed my ex*nlna1i￿. I confimi that no matter8 hMI come to my attenkn In conn•cUon accfAmYng recorf8 not k•pt In rospect d tho (*wty a8 requlr•d by gedlon 386 of tho finwval statements th not cry￿￿y T*Mh thè apAwnllng requk•m•nts of ￿cb0￿ 396 of th• 2006 Act ot￿r than any requhm8nt that the acoxmts arwj faif vle*t*t*h k* not a matter cona#lered a8 P•rt olan 1ndW￿de￿ •X￿Inallorr or ndpleB of the statem￿ of Recommended Prndtc• for x¢ounllThJ VKI repc*UrwJ by chorftles appllcabl8 to th8rlUe8 wepwlng tsir a¢¢ounts in accordance Mrfth FlnanGS91 R•pDrttrwJ Sla￿tsrd a￿¢•ble In th8 UKand Rwbk of Ird•nd (FRS 102). I no conce￿￿ 8nd have come a¢K￿8 oltrw m•tter8 In comackn t*ith tho examlnauon to 41twrtion tsh￿Ad be In thi8 rewl In ordgr to ￿ble a prop•T understsndlng of the 818hop Jone8 Chartered A¢C￿ntants g Sadler Street Wdls S¢xneraet &45 2RR 13 Sopknbw 2025 Durleigh Salling Centra Charltable Incorporat￿ Oryanlsation Statement of Flnanclal AeOvltl•s (Includlng InGomo and expendliur• account) Year •ndgd 31 December 2024 2024 Unr6•trldod Restrlctsd fvnd¥ Tot41 fvnd8 Inv•strnent In¢omo 33,536 1,919 2,100 1.919 2,100 37,055 Totsl kncon Exp•ndltrr• 28.414 5.319 5.319 Totsl •xpondllur• 28.414 33,733 N•t InGom• .141 (6.319} 3.822 (8,293) 8,293 Not mov•m•nt kn fvnds 2,848 974 ReconCl￿tIon of funds 130.116 132.964 29.187 30.141 169283 163,105 Total fund• c•rrlod foThYanl 8t*mert clfmnclal acthrfoes incfud08 41 gain8 •r#J k*8es rew180d In the ￿ar. Tr• on pagm 11) lo 11 forni PArtofthMe Iln•Kl•l•lth•nts. Durlelgh Sailing Centre Charltable Incorporated Organi•atlon Statomont of Flnanclal Posltlon 31 December 2024 15 47,568 Current a•¥•ts Cash at bank and kn h• 18 119,835 120,231 Crndllm: amounts fallkng du• wllhln on• yur N•t curv•nt aJ••t• 17 4.894 115.537 163,105 163.105 Tolal ats••t8100 ¢urv•nt Il•bllll•• N•t a•••ts Fund¥ otth• charlty Restricted fi#)d$ Unre6tr1¢ted fvr 30.141 132,964 163,105 Totsl Gharfty fvnd• For tho sear 8ndlng 31 December 2024 th• ¢1* orthd to ex¢mFth •udtt under •ecl•)n 477 ofthg Comwle6 Act 2006 rdthng to smal comwx•& Th• members have not requlrod Ihe compw to obtakn •n au¢* of its ffflan¢l4 •t*oments for th• Jear In ql￿8￿0n In ac¢Ndan￿ wilh secth 476,. The drectorn acknohledge thelr re$ptrAItA1￿ for requ1ran￿ts of th& A crynwles •ubixt lo the $mal ccfnpanl••' WSM These flnml8l8tat￿￿Oftts apwoved by thè board of tr￿t￿$ and aul￿rI￿ad lor ls•Jg (m 13 S•pknber 2025. and aro wn8d on bthifoflhe board by: MrA w￿ht (Chair) Mi88 SE (rreaswer) NED SECURELY S￿2..1221￿11I1r¢ Th• not•• on pag•• 10 to 11 forn1 part ofthES• *tat•n•nl•. Durleigh Salling C•ntre Charftable Incorporated Organlsatlon Notss to tho Flnanclal Statomgnts Ymr ond•d 311)eGemb•r 2024 13•n•MI Informallon The charlty 18 a benefft ently comp•ny. reg56tergd a Ch¥tt8blo IncupDrBted Organlsalk)n (CIO). rnOstor•d in En*nd and Wal05 and a rngistered charlty n Erw*nd and Wal88. Th• address of re9i8tgred offke 18 Durlelgh Rel￿r. Enmw• Ro& BrldtyA*r. Somfrnt. TA5 2AW. These fflnarKkil •kn￿ts have bow ￿yep9K¢d In complknK• TAIth FR8 102. Tho FYwrKial Reporb"ThJ Skndwd applicable In the UK and the Repubfk of 1rd￿d.. tho Statemert of Recommendad Prxlkt appticable to ¢hari1168 pr¢pwir4J th￿r a¢c relat•8: 9xp￿dI1￿* ¢n raldng the c•#ts d 41 fvndraidng athibo4 abmts, no oxpendliwe on tharitth 8cUvlll# irKlud•• all costs lYKurrBd ty a thrlty In livTrti85 that ftwthor It8 charltablè •kns the L*n•fft of ils ben•fictarle8. th0$6 8UPPOrt costs ￿ ￿sts rdalhg to the 90¥8mrn Df the d)arKy aPp￿Or￿ to charlt other expendlture h¢kKleB al expentliure Iht is rth•r r•l•tsJ to fimdB kn th8 ctArty rny part of h wendtture on th*#able Al costs are alloGat8d to ex[￿￿tt￿rn categorles reflectlry thg use raswce. Dlr•¢t cogts thlxrtablo to a Single acthtty are dlocated dlr• to that actNty. Shrwd costs ar¢ apwb'oned Tanglbl• aM•ts T￿gibl• assets aro Inlttaty re¢(Kded at rirt rf•J sublgquwty *la￿j at CO￿ 1068 8lV 8ccumulated dwedatlm and impalnnant 1066eB. Any tanglble 888ets r4rrigd al r¢vakBd amounts arn rwded at th• fair value at the date cl revaI￿110n Iw ffj ath•w8nt 11 Durleigh Saillng Centre Charltablo InCO￿Orated Organlsatlon Notss to th• Flnanclal Statsments Year endod 31 Decemb•r 2024 & Accourflng polklM An kn(¥0gse In the rarrylng of an ass¢t as a r8suIt of a revalua1￿.15 recowl8￿ In other rncognised galnB a￿1 *Jsses. ￿lesS It rever885 a charge far inpalment that has prev• b re¢ogni*•J a8 èyn(rrtur• *lll¥n the statemeffl of thanclal actlbrflles. A decrea￿ vi the C￿￿r￿4 nount of an a8set as a rn8￿1 of rovalualion. Is recognl8ed kn (ther r￿￿18ed gan8 thJ10888S, to 11 offsets any prwiou8 revaluatron gain, In wtdch (*e tho k188 Is *lthln D•pr•cl•llon Depredaticn 18 c41¢ulated so •5 to *Tlie off the cost or Valuatlon rf an a88rt re•klual y￿Ue. ovwthe u8dul •cor#%nlc IKe ofthat a¥¥et as folkMB: Eq￿pm4 15% rnduthg bAI A rrn for Ird¢XtO￿ of tmpalrment Is cArrknd al each r•porUNJ date, wilh the rocoverablg r￿0¥￿*ble aM￿rt the a88•t 1$ impalY•d aGC0￿n9￿. PrfoT Imp31rments are tho rthl￿d for For the PLYpose8 of wnpdrmènl t8sliThJ. tt Is ncrt P088lble to elllmate the reeover•bl• amwnt (l an a88et. ￿ •stimat• is mado of th8 rxovoral* aM￿mI crf the LX8F goneraling unll to wl)lth the 888et t*kng8. Tl* C￿￿ger￿4￿￿j untt18 the smal8&t Id¢nttTh groLP of 05s818 Ih•t ind￿S the 468et arKI generatas cAsh Inficwa that ltyy Y￿p•nd￿l d the For Impoirm•nt t•stirq of gocthll, the wcthll acqjred In o I￿11n•89 G(InI￿n•t￿￿ li from the acryl8ttkn date, dloc•tsd to each of th? caslweratlro unlts that are expected kn b•rth from the synerylets of tr* comblnation, of olhw a86ets w118blltlles of the ere to th08e Fthan¢l•l knstrum•ni• A Ilnand81 oxs•t cr a ffln8rKial li•bllty is recognthod * TAlwi thtt charfty berAyn•¥ a pwtyto I contrxtuol iyovhlom ofth• Inthm￿L Baslc flnv￿al IrAtr￿Ments arn inill•*y rocognl8ad at ts amount rec4fvable or pa￿ble Indudw¥J any refated transactlon costs. Current as8ets and Cuffgnt hbNFtl•s arg 8ub88quenty me88Lr•d at the ￿•h or ther ¢on8klwdon expeded to be pald or rec•v•d and rnt disco￿ted. Debt kn8trum&its are subwiuwty M•asUr￿l at am¢xtised cast -12- Durfeigh Saillng Centre Charftabl• Incorporatod Oryanl•atlon Nots• to th• Flnanclal Statsments Yoar end•d 31 Docemb•r 2024 Fln•nd*l Wh•ro Inw8tmw)ts In s1ore8 •r• putw traded ty thgir 1* con otherkn bv m68s￿ed r•ll•lAy. Ihg trNeEtrnont h 8ubBequenty measured at fair valug bilh Ch￿88 In falr recognised In irKom• and •xpgndliur¢. Aji other hwulments w• mea8ur•d at Cost le￿ impatrms OYW fina￿1•1 Ind￿lIng dorlvaw •m hluoty re¢ogri•ed at fair vohje. Poymont for an asset i* doftrred 1x5￿d rK)rmal bu8lne8S temi8 or firnnced at 8 rnto of Intttejt not a morkel rate, In Wthfch ca8e th8 ass&18 m8asured at Il* of the luttffe p•>Therts dl8cwnted at a mod(& rate of Interest fw a ¥imdar d•bt in5twmenL r•¢ognlsed In Ihe Statement ot Ilnandaf &llviUe&. with Ihe of Sn6twm•rl8 In a d•srgn&ted hedgiw relallo￿hrp. FlronGial as8ets that are measured at Cost or •mortlA•d cost •r¢ rnvifft4*d for ctythe evhd8n¢o f Impaimient at tho end of Teporbng date. If there IS th1den￿ of impalm)￿#, an Impalmient i¥ recognl•od aFvoprlth the *tatemwrt of th•ndal actlths kn wthkh the Irknl 9th re¢ognised. Fty r•gardess of *nTrficane•, and ther fir￿￿[91 tlot we 1ndN1d￿lty s1onlfiGgn( tr￿e arn 888888•d in¢JvlduoUy for Imparment Other fironGlo1 as8el8 are thor ￿1￿8￿1 in(tr4kluAIty Ir grouped on tho bo818 of iimllar¢r•tht rf•k kny revers•l8 of knpalrma* aro recognls•d immedatsty. to thè extent that th8 r•wr5al not reButt in a carryfjng amw)t of th8 fin•n¢l￿ •￿t that exceeds vAMt tho arnol￿ w￿d ha￿ bwi hed tho Thpalmiort not baen rwlwl. Bu￿￿¥￿ comblnatlon¥ Bu•vws c(wnbiMlons rdatlng to acqulrfng contrd rf trade •xl aueil to f¢nn one or moro ir• aCc￿rt•d tr uslng the pwtha8e ma11￿. Thè cost of o bu$lM68 ¢omlxnatlon b measured a$ th• Aggr•g8t• of tsir v*Jes. 41 acquwlbn date, of assets IlabllMle8 InGLwred or a¢8umed, kthm•nts tMu•d 8 ffj costs dtrectyattrllxrt#blg to th• busine88 combin8kn. wttte eortsd l# aGliMd In •tsge5. th¢ ￿)&t of the bu81n•88 combin•llon 18 the oftr* f8lr vkn8 of the 85￿ts gl¥an, lithlles in(ymd w ¥5gumed aThJ eq￿ lrntrurn￿ issued at ere the tsJ8lness comblmtkm rewire8 an adjustment to tha co81 fuiure everty the ¢8tvnated amount of Ihal adA￿trft￿tt is incfud•d in the cost of tho comblnatlcfft at thè acqul811ion date p￿dIng tt 18 probqble and can be measured reliab￿. Where It 1$ not r6cryil8•d al th• acryisilion date Ixrt sub$¢q￿nt1Y bBcomos probable can b8 mea8ur•d rdi*ly, thg adfthtiThl cons[deral￿ 18 tr*d as an a¢*u81ment to the cost of the comblnallon. If siKh exwcted future events do not occw, or the estimate need$ to be r•vt8ed, Ihe cost of thè LMJ8lne88 ci)mllnation1s adjusted acwrdlngly. The umnthry of ary dkwyJntlNJ b recL¥Jru8ed as a finance t in profft or loss In the p•ri¢d * ar1￿. 13- Durlolgh Salling Centro Charftablo Incorporated Org•nlMtlon Notss to the Flnanclal Ststemonts (r&•th Y•ar ended 31 Decemb•r 2024 Chwft•bl• kn¢oW ory•ts•llon Iltho CIO ￿, tho mombws ofthe CIO hove ￿ 11a1￿ltyIo c0nknb￿• to tt• a88otE and no rn4>mlilty for 8•lffjrvJ Its dtho Ilalhwes. & Ch•rftabh •ctlvlll•• Lfvostslcted Tot•1 Fund• 1024 Member8hlp Ineom Boat hlre Gdley Ir￿￿￿¥ School gr<>ups O￿d9¢r•d￿atkjn Rtyatta Opgn Day SatLwday Club 15,322 410 653 15.322 410 6.367 542 9.787 455 542 9.787 33.536 33.5 Ury06tr1ct•d Total Fund• Fun 2024 1.919 1,919 Oth•rlneom UrKestrlcaed Total Fund• Fund6 2024 Gail oftangit4• a88ets held forch8rtys u8• 2,100 2,100 Exp•ndtturn ¢h•rflabJo a¢tl¥lil•• by fund typ• Funds 2024 Dutyh PAlng Centre Support 17.083 11,331 28,414 17,083 16.650 33,733 5.319 5,319 .14- Durleigh Salllng Centre Charftable Incorporat•d Qrganlsatlon Nots8 to the Flnanclal Stat•ments Year ondod 31 D•c•mber 2024 9. Exp•ndknr• on ch¥lt•bh ac￿111￿• by actl¥Ky typ• undertaken dre¢Uy Support costs Totsl fvnd¥ Dwhigh 17,083 16.850 33.733 10. Anatysl• Of •upport co•ts Durfdgh SAllro Centro Totsl 2024 5.738 6.738 Gew•l office Human r88ou FirwKe costs 453 241 124 241 124 18.650 16,850 11. 14•t Incom• Net t￿on￿ is stabd aft•r dwglrNI(uedillffj)'. 2024 Deprnaation oft•ThJiL4e fixed •ssets Gai)B on +JlÈpots¥l of tanglble )Ix*l astet• (2,100) 11 knd8p•nd•nt ox•mlnatlon f 820 13. 8t•ff co#ts No orwagos have bggn pald lo emthw8, trKluthrs ts tru8t•e¥. durtry the Fdod. The aver•g• Iwd C￿ of wnployeDB durfng the )Yar was N￿. No emp14yrn received •mFAryrn bor*15ts 01 mLYe than £80.0￿ durfro thè ￿•r (2023: NID. -15- Durfelgh Saillng Centre Charftable Incorporat•d Oryanlsatlon Not•s to th• Flnanclal Statements fr•rth& Year end•d 31 Doc•mb•r 2024 1& Tnth Trmunwatlon and w>•nu• 16. Tanglbl• fixod agsets Equlpmnt Al 1 JanuYy2024 4,539 51,423 At 31 DK•mbw 2024 D•prncl•tlon At 1 Januwy 2024 Charge fortho >•ar At 31 D•C•M￿2024 C•rylng anM>unt Al 31 Dec•mbtt 2024 8,394 47.588 Trnde debtors 73 323 17. Cr•dllm: amounts falllng du• *4thln on• y 2024 293 4,401 4.694 1& D•f•ffed Incom• AM￿nt def•trfjd in 3.$81 -16- Durlelgh Sailing Centre Charttable Incorporat•d Oryanlsatlon Notss to tho Flnan¢lal 8tat•mgnts ts• Year ended 31 Decemb•r 2024 rwilB•d aj wKom• in the fln•Nal w to Twllch tha memberthp wrtill￿0nI •PFlies, In accordance the rJwrtyJ inc¢xn• recogn￿ p)ky. 1* of Gharftabk funts Unr••trkt•d lund• At 1 Janu￿202 At 31 D•¢•mb•r Incom• Exp•wJlttve Trnn8fers 130.116 37,555 128.414) {8,293) 132,984 l Januwy2V2 31 D•Gffiib•r 2024 cw ExponthbJr• Trar 29.167 (5.319) 6,293 30.t41 OXtondlNJ th8 saty and An4ly¥lB of n•1 ••••t• bel￿•￿ fund• Lknrestrkled Restrl¢t•d T•tsl Fund¥ FurKIs FundB T￿gINe r￿d as 17.427 120,231 14,694) 132.964 30.141 47.568 120231 {4.694) 163,105 Crodltor81888 than 1 30.141 21. Buln••8 comblnatlons Acqul¥ltkn of 8om•rnrt Youlh & Communlty S•lllng fva8o¢latlon falr value ol con8KleroI1(￿ pad In rthti(￿ to th8 acqul8Mon ol S(Yner*t Yfxrth & Communty Sdlrvj Is as follovn: C•8h -17- Durleigh Salling Centrn Charftable Incorporated Organhallon Notss to the Flnanclal Statam•nts Ymr Qndod 31 Dec•mbgr 2024 21. Bu•ln•s• combkn•llons The far value ol am0￿ roco9￿1¢d at the wuSsllion date In to SomTht Y￿Jth & Commun*y kno¢rabon are # folm: Falrv•lu• Tanglbl8 fttad sss&s acqul Tradè d8btoTr acqulred Cash aThl Cash •quNal0￿ ar4yired Trade cr&lit(Ys assumed 51.423 2,294 37,613 {5.964) 1780) 84,586 Acquhttlon of Durf•lgh S•lNng C￿b Tho falr value of ccrniderallon ￿[d in r•1*i(￿ to aqutsmhjn of ￿eIgh Salllry C￿bI8 88 74,896 The f8lr of amounts recognlsed at the In rdallon to DLwl•igh S*lir#J C￿b are 88 foikMJ: Falrvth• 74,698 Durfeigh Salling Centro Charftable Incorporated Oryanlmtlon Management Inforniatlon Y￿r •nded 31 D•camber 2024 Th¢ followlng p•g•• do notfonn part of th• flnMcl•l stat•montL Durfelgh Salllng Centro Charhable Incorporated Organlsatlon D•tallod Statwn•nt ol Flnanclal AclMtI89 Year ended 31 Decomb•r 2024 In¢om• and ¢thd0￿nI• Charfl•bh Ktlvltl•• M•mbersNp I￿oMe Boat hlra G8118y IrKom• S(*KK)I groLV and (xrtdoor ¢ducaU(x) Reg•tt* Opffi D S*JJrday Club 15.322 410 853 6,387 542 9.787 33.536 Inv••lrn•nt Inconv* k Irrterest recdvAtrA• 1,919 IXi•r Incon G•n on dlwsal of knglbl• ilxod ￿80t• held lty chartty8 ciwn I 2,100 Total th¢ome 37,555 Exp•ndliuv• Exp•ndltur• on ¢harliabl? •¢tMtI Evert Costs 2.914 613 3.000 1.066 4,547 3.850 Uglrt and heat Inswa Rep8ir8 and malnknnce Clean¥ig Traird prtntlng. jlationwy •nd postoge Acc￿rtA￿ fees Telepknne P￿mOtIonal Depred•tfi Trade sUb8¢rf￿jQ Donatlon8 Bank 1.872 2.318 453 820 880 680 8,394 467 240 125 33,733 Total W￿nd#￿Ve 33.733 Durleigh Salllng Centre Charltable Incorporated Organisatlon D•tall•d Statsmont of Flnanclal Actlvftleg Y•ar ended 31 December 2024 Met In¢om• 3,822 Durlelgh Sailing Contre Charltable Incorporated Ory•nlsallon Notss to tho Detallod Staternont of Flnanclal AclMtIo8 Ywr end•d 31 Docomber 2024 Exp•ndllur• on Gh•rltsblo ath#l•• Durl•lgh S•lllng C•ntre 2,914 613 4.547 3,850 Boat rq)4trs & In¥ur8r Tralnlng 2,318 17.083 Ront Llght & h8Ot ctoanlr#J Printing. •t•lityw P*e 1.672 453 820 880 8.394 240 125 Tel￿one Donatk>n8 Bank char918 18,650 Exp•ndlluv• on ¢harftabh actfvftl•• 33.733 -22-