Dart Harbour Finances
Harbour operations are self-financing from harbour dues, (annual, weekly or daily) and Dart Harbour also rents out moorings on a commercial basis. The harbour is non-profit making. Any surplus shown in the Report and Accounts is used for the financing of capital expenditure or facilities for the benefit of harbour users.
With certain exceptions, the Report and Accounts of the Dart Harbour and Navigation Authority must comply with the requirements of the Companies Act 1985.
One of the features of the form of accounts required by the Companies Act is the use of the word 'profit' to describe the surplus of income over expenditure, referred to as a credit to the Reserve Fund under the Dart Harbour and Navigation Authority Act 1975. Any profit shown in the Report and Accounts is used for the financing of capital expenditure or facilities for the benefit of harbour users and to build reserves to provide financial stability.