Charity number: 1142363 ACTION BEQUIA UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ACTION BEQUIA CONTENTS Page Reference and administrative details of the Charity. its Trustees and advisers Trusteos. report Independent examinevs report Statement of financial activities Balance sheet Notes to the financlal statements 9-16 ACTION BEQUIA REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025 Trustegs Mr Richard Roxburgh, Chairman Mr Davtd Ridley Mr David Harper Charity registered number 1142363 Prlnclpal office Calder & Co 30 Oranoe 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 2025 The Trustees present their annual report together with the financial statements for the 1 July 2024 10 30 June 2025. Objectlves and activitles a. Policies and objectives The trustees policy is to utilise promptly any donations received to achieve the chariWs principal objective sel out below. b. Strategies for achlevlng objectives The trustees continually review the most appropriate methods for generating funds and encourage donations from both visitors to and residonts of Bequia. Achievements and performance a. Revlew of actlvitles Apart from Action Bequia's own significant Recycling and Walkway rna1ntenan￿ programs,other distributions in the past twelve months incl￿de helping activities in the following categories.. 1. Hospital Equipment including PPE and temperature "guns" for the pandemic defence and The Ro18ry Medical relief Fund 2. Yoijth Dev¢lopmcnl including to the Jijnior Sailing Acadcmy and Ncw Roots. 3. Education including The Sunshine School for special needs and The Learning Centre. 4. Environment initiative5 including beach clean-ups and bus Shelter renovation 5. Sponsored the highly acclaimed Environmental Film school age children. -.our Green Grenadines, with it'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 to shelters. 7. Installation of water tanks and the plumbing required lo collect, store and distribute water to one hundred or more of the most nee(ly residenls IBequia has no communiiy enable(I water supply ana collection from roofs is the most viable solution). 8. Provision of moorings al the most popular of the Bequia's coastal dive sights lo dramatically reduce the use of anchors which, historically, have caused severe coral damage. See www.actionbequia.org for more detsil b. Investment Poli￿ and perfomian¢è The charills only asset is cash held at Lloyds Bank and in a Paypal account. Cash is not held for the long-lerm and hence there is no need to consider an investrnent strategy lo generate a return on monies held. Page 2 ACTION BEQUIA TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Flnancial review . Golng concem After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going ¢oncem basis can be found in the accounting policies. Structure. governance and management Constitution Action Bequia is a registered charity, nL¢mber 1142363, and is Gonstituted under a Trust deed. The principal object of the charity is to cary on charitable activities in the geographical area of St. Vir¢cenl and the Grenadines with a priority focus on the island of Bequia. b. Methods of appointment or election of Trustees Thc managcmcnt of thc Charity i4¥ th¢ r¢spon4¥ibility of the Trust¢os who are ¢lected and co.opted und¢r the terms of the Tnjst deed. . Organisational structure and declsion4naking policies The charity is managed by the tr4JStees with the assistance of a qualified Accountant. All decisions are made by Ihe Trustees at regular meetings. The charity has no employees. d. Policies adopted for the induction and training of Trustees The current Iruslees wll ensure Ihal a full induction process will be undertaken by any new tnjstees Financial risk management The Trusiees have assessed ihe malor rlsks io wnlch Ihe Charlty Is exposed, In partlcular ihose related 10 the operations and finances of the Charity, and are satisfied that syslems and procedures are in place to miligale exposure lo the major risks. l. Future developments For the year ending 3(Xh June 2025, we will continue to focus on our afnbitious Lead Project which is Phase 1 of the Recycling. The other managed effort is the repair and maintenance of Walkways and Trails including The Belmont Walkway and The Princess Margaret Trail. We will also financially support comrnunity projects managed by others especially in the areas of Youth Sports and Cultural aclivilies. Funds held as custodlan There are no funds held as custodian for other parties Page 3 ACTION BEQUIA TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Ststement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees, report and the financial ststemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practlce). The law applicable to charities in England & Wales reouires the Trustees to prepare financial ststemenls for each financial which give a true and fair view of the stale of affairs of the Charity and of ils incoming ￿sourceS and application of resources, including ils income and expenditure, for that period. In preparing these financial stalemenls, the Trustees are required lo= select suitable accounting policie5 and then apply them consislenlly., observe the methods and principles of the Charities SORP IFRS 1021., make judgments and accounting eslimales that are reasonable and prudent.. stale whether applicable UK Accounting blandards 1 U21 have been followe(J, subject to any matenal departures disclosed and explained in the financial statements., prcparc thc financial statomcnts? on the going conccrn basis unlcss it is tnappropriatc to pr¢sum¢ that th¢ 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 at any lime the financial position of the Charity and enable them to ensure that the financial siatements comply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the TrLtsl 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 7 April 2026 and signed oll their behalf by= k£Lkn48 kL7x6wgL Z)aviA M67rt1iV frF67kpek R. Roxburgh D. Har￿r Page 4 ACTION BEQUIA INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2025 Independent examinerfs report to the Trustees of Action Bequia I'the Charity,) I report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 30 June 2025. 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 state to the charity's trustees those matters l am ￿qUired lo stale to them in this report and for no other purpose. To the fullest exlenl permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charills Iruslees as a body, for my work, for this report, or for the opinions I have formed. Responslbilltles and basis 01 report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the reouirements of the Charities Act 2011 1.the 2011 Act,). I report in respect of my examination of the Charills accounts carried out under section 145 of the 2011 Act and in carwng out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. As permilled by Direction 2, issued by the Charity Commission the firm for which I work 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 assignment. 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 matlcrs scl out in Ihc indcpcndcnt cxamincr's slatcmcnt. Page 5 ACTION BEQUIA INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 30 JUNE 2025 Independent examiner's statement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cau$e lo believe that in any material respe¢l'. aco)unting records were not kept in respect of the Chartty 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 eoneerning the form and conlenl of accounts sel oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'tnJe and f8ir' view which is not a maller considered as part of an independent examination. I have no concerns and have come across no other Tnatters In Gonnectlon wllh the examlnatlon to whlch attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Signed: