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 rr*dicalsupport 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•rfty*ldentffyln4 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