Charity number: 1142363 ACTION BEQUIA UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACTION BEQUIA CONTENTS Page Reference and administrative details of the Charity. its Trustees and advisers Trustees. report Independent examiner's report statement of financial activities Balanco sheet Notes to the financial $tatement$ 9-15 ACTION BEQUIA REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2024 Trustees Mr Richard Roxburgh, Chairman Mr David Ridley Mr David Harper Charity reglstered number 1142363 Prlnclpal offlce Calder & Co 30 Orange Street London WC2H 7HF Accountants Calder & Co 30 Orange Street London WC2H 7HF Page 1 ACTION BEQUIA TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 The Trustees present their annual report together with the financial st8temenls for the 1 July 2023 to 30 June 2024. Objectives and activities a. Policies and objectives The trustees policy is to utilise promptly any donations received lo achieve the charity's principal objective sel out below. b. Strategies for achieving objectives The trustees continually review the most appropriate methods for generating funds and encourage donations from both visitors to and residents of Bequia. Achievements and performance a. Review of activities Apart from Action Bequia's own significant Recycling and Walkway maintenance programs,olher distributions in the past ￿e1ve months include helping activities in the following categories.. 1. Hospital Equipment including PPE and temperature 'guns° for the pandemic defen￿ and The Rotary Medical relief Fund 2. Youth Development including to the Junior Sailing Academy and New Roots. 3. Education including The Sunshine School for special needs and The Leaming Cenlre. 4. Environment initiatives including beach clean-ups and bus shelter renovation 5. Sponsored the highly acclaimed Environmental Film school age children. 'Our Green Grenadines, with il's powerful message for 6. Soufiere's Volancic Eruption relief and helping with the critical needs of people forced to evacuate their homes and move lo shelters. 7. Installation of water tanks and the plumbing required to collect, store and distribute water to one hundred or more of the most needy residents IBequia has no community enabled water supply and collection from roofs is the most viable solution). 8. Provision of moorings al the most popular of the Bequia's coastal dive sights to dramatically redu￿ the use of anchors which, historically, have caused severe coral damage. See ww.aclionbequia.org for more detsil b. Investment policy and perfomiance The charity's only asset is cash held al Lloyds Bank and in a Paypal account. Cash is not held for the long-term and hence there is no need lo consider an investment strategy to generate a return on monies held. Page 2 ACTION BEQUIA TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2024 Financial review a. Going coneem After making appropriate enquiries, the Trustees have 8 reasonable expectation that the Charity has adequate resources to eontinue in operational existence for the foreseeable futu￿. For this reason, they continue lo adopt the going eoncern basis in preparing thè financial stalemenls. Further details regarding the adoption of the going COn￿M basis can be found in the accounting policies. Structure, govemance and management a. Constitution Action Bequia is a registered charity, number 1142363, and is constituted under 8 Trust deed. The principal object of the charity is lo carry on charitable activities in the geographical area of St. Vincent and the Grenadines with a priority focus on the is18nd of Bequia. b. Methods of appointment or election of Trustees The management of the Charity is the responsibility of the Trustees who are elected and c(popted under the terms of the Trust deed. c. Organisational structure and deeision-making policies The charity is managed by the trustees with the assistance of a qualified Accountant. Al decisions are made by the Trustees al regu18r meetings. The charity has no employees. d. Policies adopted for the induction and training of Trustees The current trustees will ensure that a full induelion process will be undertaken by any new trustees e. Financial risk management The Trustees have assessed the major risks lo which the Charity is exposed, in p8rbcu18r those ￿lated lo the operations and finances of the Ch8rily, and are satisfied that systems and procedures are in place lo mitigate exposu￿ to the major risks. f. Future developments For the year ending 30th June 2024, we will continue to focus on our ambitious Lead Project which is Phase 1 of the Recycling. The other managed effort is the ￿pair and maintenance of Walkways and Trails including The Belmont Walkway and The Princess M8rg8rel Trail. We will also financially support community projects managed by others especially in the areas of Youth Sports and Cultur818Ctivities. Funds held as custodian There are no funds held as custodian for other parties Page 3 ACTION BEQUIA TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 30 JUNE 2024 Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practicel- The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the stale of affairs of the Charity 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 then apply them consistently., observe the methods and principles of the Charities SORP IFRS 1021", make judgments and accounting estimates that are reasonable and prudent", stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial stalemenls., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 3 April 2025 and signed on their behalf by.. /kii R. Roxburgh D. Harper Page 4 ACTION BEQUIA INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2024 Independent examiner's report to the Trustees of Action Bequia {Ihe Charity'l I report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 30 June 2024. This report is made solely to the charity's Iruslees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might slate lo the charity's trustees those mallers l am required lo slate lo them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed. Responsibilities and basis of report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 ACVI. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. As pemiilled by Direction 2, issued by the Charity Commission the fimi for which I wort< has provided the Company with bookkeeping services during the year ended 30 June 2023. As a consequence I have followed the requirement of the FRC'S Ethical Standard when undertaking this assignmenL An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently l express no audit opinion on the accounts and my report is limited to those specific matters sel out in the independent examiner's slalemenL Page 5 ACTION BEQUIA INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2024 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 that in any material respect". accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act", or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements conceming the form and conlenl of accounts set out in the Charities (Accounts and Reports) Regu18tions 2008 other than any requirement that the accounts give a 'true and f81¢ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mallers 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. Signed..