**REGISTERED COMPANY NUMBER: 01625795 (England and Wales) REGISTERED CHARITY NUMBER: 284692** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 30 September 2025** ## **for** **FRIENDS OF DOLPHIN(THE) (A Company Limited by Guarantee)** Birkett & Co Ltd 186b Lower Blandford Road Broadstone Dorset BH18 8DP **FRIENDS OF DOLPHIN(THE)** ## **Contents of the Financial Statements for the Year Ended 30 September 2025** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**||6|| |**Notes to the Financial Statements**|7|to|11| |**Detailed Statement of Financial Activities**||12|| **FRIENDS OF DOLPHIN(THE)** ## **Report of the Trustees for the Year Ended 30 September 2025** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 September 2025. ## **OBJECTIVES AND ACTIVITIES Objectives and aims** The charity's objective and essential activity is the provision of boat trips, free of charge, for the disabled and those with special needs, in a specially built and adapted boat. The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set. **Public benefit** The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. **Recruitment and appointment of trustees** New trustees are selected by invitation of the trustees. **Organisational structure** The directors / trustees meet regularly to manage its affairs. The board is supported by an operational sub-committee, which supervises the day-to-day maintenance and operation of the boat, the organisation of volunteer crew and the planning and booking of trips. The sub-committee is further supported by a fund-raising sub-committee. **Financial instruments Objectives and policies** The charity's activities expose it to a number of financial risks including cash flow risk and liquidity risk. The charity does not use derivative financial instruments for speculative purposes. **Cash flow risk** Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows. **Credit risk** The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. **Liquidity risk** In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. **Statement of Trustees' Responsibilities** The trustees (who are also the directors of The Friends Of Dolphin for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 1 **FRIENDS OF DOLPHIN(THE)** ## **Report of the Trustees for the Year Ended 30 September 2025** ## **FINANCIAL REVIEW** ## **Financial review** The support for the charity has been strong this year. The trustees give their very grateful thanks to all those who have supported the charity and for the financial support and donations throughout the year. The year ended with an increase in reserves from £218,738 to £307,207. The bank and cash reserves have increased by £75,079 in the year (2024- £10,368). The overall surplus for this financial year of £88,289 (2024: £11,235). Total income for the year was £111,991 (2024 - £35,715) and expenditure on Dolphin III totalled £15,960 (2024: £13755). £111,045 has been committed to the build of the new boat and this is included in prepayments in the debtors note 8 on page 9 of this report. ## **Reserves policy** There are reserves of £150,000 set aside for the estimated cost to purchase a new boat. The remaining reserves of £157,027 are undesignated and the trustees consider the level of reserves sufficient to ensure the future of the charity. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** 01625795 (England and Wales) ## **Registered Charity number** 284692 ## **Registered office** 186b Lower Blandford Road Broadstone United Kingdom Dorset BH18 8DP ## **Trustees** Mrs Elizabeth Crew Mr Anthony Elgar Mr Norman Frank Hollamby Mr Robert Henry Irwin Mr Andrew Michael Preston Mr Martin Stanley Ms. Carol Helen Cox - Chair (appointed 16.10.25) Mr Duncan Oliver Ovens (appointed 23.10.24) Mr William Emile Lauste (appointed 23.10.24) Mr Philip John Edgar Cox (appointed 17.7.25) Mr Howard Gordon Richings (appointed 24.1.25) ## **Company Secretary** Mr Norman Frank Hollamby ## **Chair** ## **Mrs Carol Helen Cox (appointed 16.10.25)** ## **Independent Examiner** Joseph Knott, FMAAT Birkett & Co Ltd 186b Lower Blandford Road Broadstone Dorset BH18 8DP Page 2 **FRIENDS OF DOLPHIN(THE)** ## **Report of the Trustees for the Year Ended 30 September 2025** This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 3 November 2025 and signed on its behalf by: Mr Norman Frank Hollamby - Secretary Page 3 **Independent Examiner's Report to the Trustees of FRIENDS OF DOLPHIN(THE)** ## **Independent examiner's report to the trustees of FRIENDS OF DOLPHIN(THE) ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2025. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Joseph Knott, FMAAT Birkett & Co Ltd 186b Lower Blandford Road Broadstone Dorset BH18 8DP 3 November2025 Page 4 **FRIENDS OF DOLPHIN(THE)** ## **Statement of Financial Activities for the Year Ended 30 September 2025** |2025
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
107,286
Investment income
2
4,705
**Total**
111,991
**EXPENDITURE ON**
Raising funds
23,702
Net gains on investments
-
**NET INCOME**
88,289
**RECONCILIATION OF FUNDS**
Total funds brought forward
218,738
**TOTAL FUNDS CARRIED FORWARD**
307,027|2024
Total
funds
£
29,457
6,258| |---|---| ||35,715| ||24,960| ||480| ||11,235
207,503| ||218,738| The notes form part of these financial statements Page 5 ## **FRIENDS OF DOLPHIN(THE)** ## **Balance Sheet 30 September 2025** |2025
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Investments
6
-
**CURRENT ASSETS**
Stocks
7
2,248
Debtors
8
112,810
Cash at bank
193,799
308,857
**CREDITORS**
Amounts falling due within one year
9
(1,830)
**NET CURRENT ASSETS**
307,027
**TOTAL ASSETS LESS CURRENT LIABILITIES**
307,027
**NET ASSETS**
307,027
**FUNDS**
10
Unrestricted funds
307,027
**TOTAL FUNDS**
307,027|2024
Total
funds
£
98,282
1,610
1,776
118,720
122,106
(1,650)
120,456
218,738
218,738
218,738
218,738| |---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 3 November 2025 and were signed on its behalf by: Mrs Carol Helen Cox - Chair of Trustees The notes form part of these financial statements Page 6 **FRIENDS OF DOLPHIN(THE)** ## **Notes to the Financial Statements for the Year Ended 30 September 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **2. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||2025|2024| ||£|£| |Interest receivable|4,705|6,258| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 September 2025 nor for the year ended 30 September 2024. Page 7 continued... **FRIENDS OF DOLPHIN(THE)** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025** ## **3. TRUSTEES' REMUNERATION AND BENEFITS - continued** ## **Trustees' expenses** During the year travelling expenses of £1,136 (2024: £1,294) were paid to the trustees and volunteers in respect of their work for the charity. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ## **5.** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |Donations and legacies|29,457| |Investment income|6,258| |**Total**|35,715| |**EXPENDITURE ON**|| |Raising funds|24,960| |Net gains on investments|480| |**NET INCOME**|11,235| |**RECONCILIATION OF FUNDS**|| |Total funds brought forward|207,503| |**TOTAL FUNDS CARRIED FORWARD**|218,738| |**TANGIBLE FIXED ASSETS**|| ||Plant and| ||machinery| ||£| |**COST**|| |At 1 October 2024 and 30 September 2025|135,163| |**DEPRECIATION**|| |At 1 October 2024 and 30 September 2025|135,163| |**NET BOOK VALUE**|| |At 30 September 2025|-| |At 30 September 2024|-| Page 8 continued... **FRIENDS OF DOLPHIN(THE)** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025** ## **6. FIXED ASSET INVESTMENTS** |**COST LESS IMPAIRMENT**
At 1 October 2024
Disposals
At 30 September 2025
**NET BOOK VALUE**
At 30 September 2025
At 30 September 2024
There were no investment assets outside the UK.
Cost or valuation at 30 September 2025 is represented by:
Valuation in 2023
Valuation in 2024
**7.**
**STOCKS**
Stocks
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Accrued expenses
**10.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At
1/10/24
£
218,738
218,738|Unlisted
investments
£
98,282
(98,282)
-
-
98,282
Unlisted
investments
£
97,802
480
98,282
2025
2024
£
£
2,248
1,610
2025
2024
£
£
112,810
1,776
2025
2024
£
£
1,830
1,650
Net
movement
At
in funds
30/9/25
£
£
88,289
307,027
88,289
307,027| |---|---|---| Page 9 continued... ## **FRIENDS OF DOLPHIN(THE)** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025** ## **10. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
111,991
111,991|Resources
Movement
expended
in funds
£
£
(23,702)
88,289
(23,702)
88,289|Resources
Movement
expended
in funds
£
£
(23,702)
88,289
(23,702)
88,289| |---|---|---|---| ||||88,289| ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At
1/10/23
£
207,503
207,503|Net
movement
in funds
£
11,235
11,235|At
30/9/24
£
218,738| |---|---|---|---| ||||218,738| Comparative net movement in funds, included in the above are as follows: ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| ||resources|expended|losses|in funds| ||£|£|£|£| |**Unrestricted funds**||||| |General fund|35,715|(24,960)|480|11,235| |**TOTAL FUNDS**|35,715|(24,960)|480|11,235| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At
1/10/23
£
207,503
207,503|Net
movement
in funds
£
99,524
99,524|At
30/9/25
£
307,027| |---|---|---|---| ||||307,027| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
147,706
147,706|Resources
expended
£
(48,662)
(48,662)|Gains and
Movement
losses
in funds
£
£
480
99,524
480
99,524|Gains and
Movement
losses
in funds
£
£
480
99,524
480
99,524| |---|---|---|---|---| |||||99,524| Page 10 continued... **FRIENDS OF DOLPHIN(THE)** ## **Notes to the Financial Statements - continued for the Year Ended 30 September 2025** ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 30 September 2025. Page 11 ## **FRIENDS OF DOLPHIN(THE)** ## **Detailed Statement of Financial Activities for the Year Ended 30 September 2025** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift Aid
Donations on boat
Souvenir Sales
Fund raising
**Investment income**
Interest receivable
**Total incoming resources**
**EXPENDITURE**
**Raising donations and legacies**
Souvenir purchases
Fundraising costs
Boat repairs
Printing, stationery & postage
Boat fuel
Boat insurance
Training costs
Boat storage
Accountancy fees
Liability insurance
Website and computing
Uniforms & clothing
Subscriptions
Travel & parking
**Other trading activities**
Opening stock
Closing stock
Total resources expended
**Net income**|2025
£
2,815
224
4,994
2,852
96,401
107,286
4,705
111,991
2,064
-
8,221
1,317
5,413
2,302
915
24
2,144
-
538
230
36
1,136
24,340
1,610
(2,248)
(638)
23,702
88,289|2024
£
5,535
164
5,220
2,992
15,546
29,457
6,258
35,715
2,822
50
6,176
1,669
5,032
2,012
72
535
2,934
161
2,572
209
3
1,294
25,541
1,029
(1,610)
(581)
24,960
10,755| |---|---|---| This page does not form part of the statutory financial statements Page 12