2022-06-30-accounts

Company Number.. 08121672 COAST MEDIC TRUSTEES. REPORT ANO FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 June 2022 ¥AE18￿)FK4 071CfJ2025 COMPANIES HOUSE Page1 of 11.

COAST MEDIC LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 30 June 2022 Company Number Reglstered Offlce 08121672 Tremough Innovation Centre P¢nryn. Cornwall. TR10 9TA Page2of 11

COAST MEDIC cONTE￿rrS FOR THE YEAR ENDED 30 June 2022 Trustees. Repwt Independent Examinerfs Report Statement of Finanical Actf￿leS Balance Sheet Notes to the Financial Statements Page3of 11

COAST MEDIC TRUSTEES. REPORT FOR THE YEAR ENDED 30 June 2022 The trustees p￿Sefit their annual repjrt and ffnancial statements for rhe year ended 30 June 2022 . Ob"ectivesond Activities Summary of the purposes ¢Jfthe chorlty as set out In ItS8overnlng document To relleve sickness and preserve antl protect healthprimarily in the United Klngdom by the prgwsion of medieal aid in offsho￿& inshore waters and coastal sho￿line a￿a$. Summary of the maln actlvltles In relatlon to those purpose5 for th• public beneflt. In partfcular. the aetmtles. proJeet5 Qr servlces Idontffled In the accounts 11 Ambulance Vehlcle Pvrehased to provide better rrdicalsupport for shoreslde events. 21 Continued community training and deflbrfjllator aWa￿nesS1n coastal wlla8e5 111 the S)ulhwest. 31 Major Inddent exercise an¢J trainlng in coliab)rationwith I￿al hell￿ry. 41 Increased support for local festivals and coastalcommunity e¥tnt5. Statement confirmlngwh¢th¢r the trvstws haveh•d re¥•rd to the guidanceissued by ¢he Charltycommisslon on publfjcbeneflr The trustees confirm ihat they have had regar%Y to thegul¢Jance i55ued by the Charity Comrni55ion on public benefit In ihe perftsrmanceof their duties. In part?cular. the tnjstees ensure that all activities anddeclsions made by the charity further its charitable objectives provldeclear pvblic bertefit in aecordante wth the legal requirements. The trusieesregularly rewew the charity's activities to ensure compliance with the publicbenefit reoulrement, and continue to make decisions that promote the welfareand well-belng of the indiwdual5 and communities we seThe. A hAevements ond Pe ormonce Summary of the malnachle¥ements Of the ch•rftyldentffyln4 the dlfference thecharlty's work has m•de tothe circumstances of Itsbeneflclarles and any widerbenefit5 to Society as awhole De5Plte the challenses Fo)sed by the pantlemic, the charitymanayed to remain fully operatlonal throughout the perfod, ensuring wecontinued to provide essential seThfces to the community. We increased thenumber of events we supwrt with medlcal cover, expandirng our capacity to coveriarger events and ensuring the safety and Well.￿Ing of attendees. Addltionally, we successfully rnoved into new office premisesnear the local hospital. which ha5 improved ¢wr operational efficienty andal10￿1 us to better collatwate with healthcare providers and the wlderconmnunlty. These achievernent5 have Made a iangible difference to wrtjeneficiaries by ensuring coniinued access to viiat medical support. whfle èlsooffering ￿der ￿nefitS to Society by 5tren8thening community health andsafety. especially at large public events. We are proud of ihe positive irnpaciwe have had and remain ' committed to furthering our charitable objectives. Finoncial Review Revfew of the ch•rity'5 financlal posltlon at the end of the perlod The charfty remains in a stable financial position. aLthoughreserves have been slightly reduced due to the impatt of the pandernic. ()espitethis. we a￿ conffidènt in our ability to maintain our operations and ontinuesupportlng our beneficiaries. LoolEing ahead. we have ideniified an opp)rtunlty to expaniyour services by includin8 commercial event cover. This initiat1￿ alms toge￿rate addilitsnal, recurrent funds for the chafjtyi ensuring long-iermfinancial sustainability. To facilitate this, are considering setting up )￿b$1￿13ry trading company to purwje thi5 developrnent In the nertfinan¢lal )ear. Overall. whlle ￿ServeS have been impacted, the charity istaking proaciive steps to St￿n8then Its flnanclal posltlon anL1 ensu￿ on4oin8succe55. Statement explalnlng thepolfcy for holdlng reserve55tatlry why they are held The tharity holds ￿serveS to ensure financial stabllSty antjto maintain operntlonal cofttinuity ih the face of unexpected challenge5. we￿C0#￿1zt the importance of Strengthening our reserve policy as rhe Page4of 11

Charity grows •rtd takes on MO￿ responsiblLltle5. As part of our plans to e5tabli5h a subsi¢Jiary tradingcompany in the rext finarKial year. we are committed to Improving our Internalgovernance and refining our approach to reserves. This will allow us to bettemana¢e financial risks, ensure 5UStainability. and support the chJrity'5Lony-term objectives. We understand the need for a clear and Slructv￿d ￿Serve$pOlICY to gulde our growth, and we will continue to develop thls area a5 Partof our ongoing efforts to enhance our 8ovemat)ce framework. Amount of reserves held £39,420.83 Reasons for holdlns zero res*rve5 NIA Oetalls of fund materT•lly In defldt There are no deficlts. Explan•tlon of anyuncertalntles about thecharlty eethtlnulnx a5 a golngcorK•rn At present, Coast Medlc does not face any irnrnediate cotKemsregarding it5 abblity to ctsntfnue as a #olng concern. Structure Governanc and Alana ement Type of gov•rnln8 document The ¢ovemifiq doeurnent of the charity is the Articles olAssociation. which are heLt1 by both the Charity Commission and Companies House.ThTS document OIrtLfnes the charity'5 objective5, governance Structure. nt1operatlonal framework. How 1$ the charlty constftuted7 The charlty 15 constituted as a not-for-profit companyiimited by guarantee and is also registered as a char6ty with the Charitycornmission. This struciurÈ ensu￿5 that the charfty operntes wilh the necessarylegal an flnancial protectlons whlle fulfillins its charitable objectives. Trustee selectlon methodslncludlng detalls of anyconstltutlonal provlslons e.g.electlon to post or name ofany person or body entltledro appolnt one or moretrustees There have been no changes to the Board of Trustee5 thTr5year. The charity's current trustees are appointed In accordance with ourgoverning documents. which outline the procedures for trustee seLection.Tru5tees May be elected or appointed based on the needs of ihe charity antl inline the skills and experience requlred to eftectlvely govern and over5eeour activitie5. We have not identified any new potential trustees this year,however we still plan to attract new p)tentiaL rntstees to further strengthenthe Board. We continue to work towards InC￿0$7n£ the number of trustees tofiye. ensuring a diverse range of perspectives and expertise to support thecharity's growth and success. Thls report was approved by the trustee and silned on its behalf ty. Luke Tudor Tnjstee Date - Z9 April 2025 Page5of11

CLematls Cottage The Square Tregony Truro TR2 5RS 7° May 2025 Dear Tru8tee8. Subject: Independent Examlnatlon Report for'coast Medlc" I have completed the Independent ex8mSngtlon of Co88t Medlc's flnanclal records and 8c¢ount8 for tho fl8C81 y8ar gndlng 30 June 2022. Th18 examln8tlon ensur88 8ccur8cy and compllance wlth flnanclal 8tandard8. I have revlewed the re¢ord8 and crosB checked them wlth the accourrts. I have 8180 con81dered any unu8u81 It8m8 or dS8¢108ure8.1 arn pleased to report that the account8 align wlth the records and méet regulatory requlrements, and l am happythat they are a true and accurate record. Feelfree to contsct me atIo￿Ab￿￿f0r any ciarlflcatlon. Klndeat regard8 Joslah Wllley

COAST MEDIC STATEMENT OF FINANCIAL AcrivmES FOR THE YEAR ENDED 30 June 202Z Recomm•nded cate8orles by actfvlty Income and endowments fr(¥n: Notes Unrestrl cted funds Total F und5 2022 Donation5 and legacles 17.167.10 17,167.10 Charitable aciMtEs 36.603.19 36,603.19 Total 53.770.29 53,770.29 Expentllture èn: Raising funds 14.827.88 14,827.88 Chariiable activlti 28.636.80 28.636.80 her 16.364.0) 16.364.Q) Total 59,828.68 59,828.68 N•t fjn<ome/lexpenditure) 16.058.391 16,058.39 Net movement In funds 16.058.391 16,058.39 Reconciliation of funds: Total funds brought forward. . 45.479.22 45,479.22- Total funds carrled forward 39.420.83 39.420.83 Page7of 11

COAST MEDIC BALANCE SHEEr FOR THE YEAR ENDED 30 June 2022 Recommended categorles by actI￿ty Flxed a55ets Unre5trl eted funds Total F und5 2022 Notes Tangible assets 39.875.28 39,875.28 Total flxed assets 39,875.28 39,875.28 Current assets Cash at bank and In hand 3,280.65 3,280.65 Tot•1 current •55ets 3.280.65 3,Z80.fj5 Credilors= amounts falllng dl thin one year 10 3.735.10 3,735.10 Net current a55et51(Ilabilitles 1454.451 Total net assets or Il•bllltie5 39,420.83 39,420.83 Fund5 of the Charlty Unre$trlcted fund5 11 39.420.83 39.420.83 Restricted income funds Endowment funds Total funds 39,420.83 39,420.83 For the year enolng 3￿ June Z022, the cofflpany was entitled to e¥emptlon from auijit untjer Section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of it's accoLmts for the year in question in accordance ￿￿th section 476. The director5 acknowledge thelr responslbilitles for CoMpl￿n8 ￿th the reoulreftnts of the act wlth resFeCt to accountlng records an¢J the preparntltsn of aCCOUhts. These acrount5 have been prepared in accordance with the prtsvisions appLlcabLe to compani subject to the small componles. ￿sime. The financlal stateffvènts were aFproved by the trustees on29 April 2025 and Signed on its behalf ty. Luke Tu¢*Jr Trustee Date 29 April 2025 Page8of11

COAST MEDIC NOTES TO THE FINANCIAL sfATEMEKrs FOR THE YEAR ENDED 30 June 2022 1. Accountlng Policfes The principal accouniing politie5 a(Jopted by the Charlty. whfich Is a wblfic benefit entityTr In the preparatlon of the accounts are as follows. 1.1 Basis of preparatlon These aeeounts have been prepared under the h?5torical c05t convention. as rnodified by the Incluslon of eharitable propertles and flxed asset inve5tment5 and in¥estrnent properties at valuatltsn. These accol￿t5 have bèen prepared In accordance wlth -h£counting and Re￿TrIng by Charftles.. Statement of Recommenijed Practice applicable to charitles P￿pan1b4 their accounts in accordance wlth the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FR5 1021" lerfectlve 1 January 20191 (Charities SORP IFRS 10211. the Financial RekX)rting StarNJard applicable in the UK and Republlc of I￿Land IFRS 1021 and ihe CharStles Act 2011. These accounts are presented in pJund5 Stertlng an¢J rO￿lJed to the nearest round. 1.2 Going concern The Trustees have prepared financial projeclions. iaklng into consideration the C￿r￿nt economic conditions and have, at the time of approving ihese accounts. a rea50nabie expectation that the charfty has adequate reyovrces to contiiiiie ifi QPvr•liyildl ¥x15L¥iiLV lor the foreseèablè future. fhus they rontinue to adopt the going concern basis of accounting in preparlng the accounts. 2. Income from Donatlons and Legacles Analysls Uhr¢strfrted f•Jnds Total funds 2022 Donatlon and gifts General granis prov6(le<1 by Govemr￿ntI0ther charfiffes 14,457. 1Q 2.710. 14,457.10 2,710.ry) 17,167.10 17.167.10 3. Income from Charltable Activltles Analy515 Unrestrlrted funds Total funds 2022 Sale of se￿ce 36,603.19 36.603. 19 36.603.19 36,603. 19 4. Expendlture on Raising Fund5 Analysls Total funds 2022 Rent collection. property ￿paIrS and maintenance charges Support Costs 1,601.97 13,225.9) 14,827.88 Page9of 11

1. Expenditure on Charltable Actfvltles Total funds 2022 Analysls Charity management & admlnlstration Charity running cost C05t of se￿ceS Donation5 SLtpport Cort5 2,532.52 3.556.03 8.872.35 450.00 13,Z25.90 28.636.80
2. Support Costs Total funds 2022 Analysls Staff costs 26,451.81 26.451.81
3. Other Expenditure Analysls Unrertrlrt•d fund5 Total funds 2022 Oepwiation Charge for the Year- Plant & Machinery Oepreclation Charge for the Year- hk*tor Vehlcles 11.199. 11,299.00 5,065.C 5.065. 16,364.IXI 16,364.
4. Tanglble Flxed Assets Pl•nt & M4chlnery Motor Vehlcles

5. 1 Cost or v4luatlon At 01 July 2021 AdditlOll5 51.3C•).86 16.237. 5,197.42 9,090.1J) Disposals Revaluatlons Transfers At 30 June 2022 56.498.28 Z5,327.(Q 8.2 Depre¢latlon •nd fmp•lmiertS At 01 July 2021 21.41Z.Q) 4.174.1)0 Charge for the yaar 11,299.CK) 5,065.00 Disposals Revaluations Transfer5 At 30 June 2022 3Z.711.DJ 9.Z39.00 8.3 Net book value At 01 July 2021 19,888.86 12,063.00 At 30 June 2022 23.787.28 16,088. Page10of 11

6. Cash at bank and In hand Total funds 2022 Cash at bank and In hand 3,280.65 3,Z80.65

7. Creditors: Amounts falling due within one year Total funds 2022 Trade (￿dItOrs 3,735.10 3,735.10
8. Charlty funds 11.1 Detalls of materlal funds held and movements durlng the CURRENT reporting perlod Fund balances brought forw•rd Fund b•lance5 carrSed forward Transfers GaSns and Fund names losses Unr*5trirted fund5 SJ.rn.29 . 43.464.68 10.305.61 Unrestrlcred G•neral Funds 45,479.22 16.364.1 29,115.22 Total 45.479.22 53.770.29 59,828.68 39,420.83 11.2 Transfers between funds Thls Y••r Between unrestricted and ￿tfItted fun<ts Between endowment and restricted funds Between endowment and unrestrfcted funds Page11 of11