Financial Transparency & Annual Audit Statement

Puerto Deportivo De La Kokkola ry keeps accounts in accordance with the Finnish Accounting Act (Kirjanpitolaki 1336/1997) and reports in accordance with the Associations Act (Yhdistyslaki 503/1989). The financial year is the calendar year.

The board prepares the financial statement and the annual report. These are examined by an independent auditor elected by the General Meeting, who is not a member of the board and has no other role in the association. The audited statement, together with the auditor's report, is presented to the Annual General Meeting, which decides on its adoption and on the discharge of the board from liability.

The financial statement for the year ended 31 December 2025 was audited and presented to the Annual General Meeting held on 18 March 2026. The auditor issued an unqualified statement. The meeting adopted the accounts and granted discharge from liability to the board and the responsible officers.

The association held no material contingent liabilities at the balance sheet date and had no loans to or from members, board members or officers.

Membership fees — 41%

Berth and harbour fees — 28%

Donations from individuals — 12%

Corporate sponsorship — 9%

Municipal and project grants — 7%

Course fees and other income — 3%

Training, clinics and instructor costs — 34%

Harbour, pontoon and vessel maintenance — 31%

Environmental monitoring and cleanup campaign — 14%

Insurance and statutory costs — 9%

Clubhouse operating costs — 7%

Administration, audit and banking — 5%

No member, board member or officer receives remuneration, dividend or any distribution of surplus from the association. Board service is unpaid. Documented out-of-pocket expenses may be reimbursed at cost against receipts, approved by a board member other than the claimant.

Every donation is applied to the association's stated purpose. Restricted donations — given for a named programme — are tracked separately and reported to the donor on request.

Sponsorship confers no influence over governance, programme content or board decisions. This is a written condition of every sponsorship agreement.

Any single expenditure above €2 500 requires a board decision recorded in the minutes. Related-party transactions must be declared and the interested party must abstain.

The complete financial statement, the auditor's report and the annual activity report for the current and preceding financial year are available to any member or member of the public on written request to the treasurer at joyner-alphonsek@gmx.com or by post to Kirstintasku 3, 20200 Turku, Finland. Documents are provided in Finnish, with an English summary on request, normally within fourteen days.