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← Coast Medic

2023-06-30-accounts

Company Number .' 08121672 COAST MEDIC TRUSTEES. REPORT ND ANANCIAL STATEMENTS FOR THE YEAR ENDED JO June 2023 1111 AE48NOFC" 0710V2025 Page 1 of 11

COAST MEDIC LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 30 June 2023 Company Number ReBlstered Offl¢• 08121672 TrerTKiugh Innovation Cent Penryn. Cornwall. TR10 9TA Page2of11

COAST MEDIC CONTENTS FOR THE YEAR ENDED 30 June 2023 Tru5tee5' Report Independent Examinerfs Rep)rt Staternenl of Finanical ActiwtiP5 Balance Sheet No￿$ to the Flnanclal Stateffents Page3of 11

COAST MEDIC TRUSTEES. REPORT FOR THE YEAR ENDED 30 June 2023 The tn15tee5 present their annual ￿[X)rt and financfial statements for the yearended 30 June 2023 . Ob'ectivesand Activities Summary of the purpos•5 ofthe charlty •$ s¢t in Itsgo¥ernlng document To relieve 5ickne55 and preserve protect healthprfmarfly in the United Kingdom by the prO￿510n of medlcal ald In offshore& Insho￿ water5 and coastal Shoreline a￿a$. Summary of the maln actlvStles fn relatlon to those purposes for the publlc benefft, p•rtltul•r. th• actlvftles. Pfojects or servlces Identfffed In th? account5 The charity has contlnued to develop and expand its medica15UPPOrt for coastal events across the South West. providing essential 5er¥ice5to ensure public safety. In addition. we have established a subsidlary trad5ngcompat)y? Coast h4edlc Ambulance Ltd. which alm5 to offer commerclal services.The profit5 generated by this subsidiary will be donated to the tharity tofurther its charitable objettives anLI strengthen the charfty'$ overaLLposition. We have also rnaintained our cornmitment io c¢mmunlty engagement byprowding ￿gUlar iraining and raising awarer￿S about Public AccessDefibrillators IPAD51. The importance of en5urin8 these life-sawng t1￿CeS areavailable In the community has growTI significantlyi Particularly in lisht ofthe In(￿a5￿n9 p￿Ssu￿$ on the NHS. Through our ongoing efforts. we Contin￿t0 promote the value of PA05. helping to save live5 and enhance communityheaLth. Statement confirmlngwhether the trustee5 h•veh•d re8ard to the 8uldancelssued by the CharltyC¢)mm15$1¢fi on publl¢b¢nefft The trustees confirm that they have hall ￿gard to the8uidance issued by the Charity Commission on public benefit In the performanceof iheir dutie5. In particular, the trustee5 ensure that all activities anddeci5itsns made by the tharity further Its charitable objectives and pro¥ideclear publlc benefit In accordance with the legal requirements. The tVU5tee5re¥ul¥rly ￿￿eW the charity's activitie5 to ensure compliance wlth the publlcbenefit requirement. and continue to make declslons that promote the welfareand well-belng of the indivlduals and cr>mmLthllles we serve Achlevements and Pe ormance Summary of the malna¢hlèvements of the charlty.Identlfyln8 the dlfference thecharlty's work has made ttsthe clrcumstances of Itsbeneficiaries •rKI any wlderbenèflts to %Klety as •whole The charlty's rnog slgnificant achieve￿nt this year hè$len ￿ successful setup of our troding tompany. Coast Medit Am￿1)nCe Lld.Thls new initiative ha5 alloTrhtd u5 to int￿•se tt SUPPDrt we provide tocoa5¢al communltles. ensuring ihai more eveTht5 and indiwduals recefve ihemedical coverage they aeed. hlorÈo¥er. the tradin8 company ha$ 8enerated vitalreNnue, enabling us tts expanLI our services and continue to 5UPPOrt ourbeneficlaries effettibly. This has rKSt only enhar¥ced the chaTlty'sabillty io fulfil its eore mission but also provided wider benefits to societyby Sirengthening public safety and eMer￿n response eapabilities,partkularly in coastal areas vthere our se￿ceS are in high demand. Financlal Review Revlew of the charlty's flnanclal posltlon •t the end ¢rfthÈ yrlod The charlty remains financially Stable at the end of theperfod. We a￿ confident that the establlshment of our subsidiary companypcoast 14Wfc Ambulance Ltd. will significantly InC￿05e the funds available ttsfurther our chariiable purposes. While we are unable to detemilne exactly howmuch additional Income wlll be generated at this Stage, we a￿ Opilmlsiic thaithis new revenue stream will 5UPPOrt our growth and enable us to expand ourseTrices. Additionally. we have identified that the Annual Trustee Report5 an¢JAccounts have not been submitted correctly to the Charity Commission. Toaddress this. we have sought the asslstance of a local accountancy firrn toinderendently rewew our accoL*nts and ensure full compliance wi¢h the Chadtycommission's requ1￿mentS. Statement explalnln¥ thepolicy for holdlnq reservesstatlng vthy tliey are held The charity hold5 reserves to ensure flnanclal stabillty andto maintain the ability to continue operat5ons In the event of unexpectedfinancial chollenges or downturns. Reserves are essential to allow us to rneetour 5hort-term operational needs. plan for future growth. and ￿SpOnd tounfore5een circumstances wlthout cornpromi5in8 the chadws m1s5ion orservices. In Line with our commltment to strengthen our 8overrbance. we have nowincorporated improved organisatiorbal govemance and irrwlerrenteLI a fomial reservespolity. This pollcy outlines the amwnt of reserye5 we aim to hold and theconditions under which they may be used. ensuring a prudent and 5LJ5tainableapproèch to financial management as we continue to 8row and expan¢Y ourserrices. Amount of reserves held Page4of 11

£21,014.72 Reasons for holdln8 zero reserves NIA Detalls of fund inatèrlally In deflelt There are no deflcits. Expianatlon of anyuneertalnttes about thecharlty contlnulng as a 8ofn8concern At p￿Sefit, Coo$t Vedic does not face any immediate concernS￿gardIng ils ability to continue as • going concern. Structure Governance and Mana ement Type of 8overnln8 document The goveming document of the charfty 15 the Artlcte5 ofAssociation, which are held by both the Charity Commission and Companies Hou5e.Thls document outllnes the charfws objectlves. governance structure, andoperaiional frame¥York. How Is th¢ ¢h•rlty constftuted7 The charity is constituted as a not-for-profit companylimited by Suarantee artd is also ￿gIStered as J chartty wlth the Charitycommlsslon. Thls sir4Kture ensures that ihe charity operates with the nece5saryle¥al and financial protection5 while fulfilling its charitable objectives. Trustee 5elertton method51ncludln8 dètails of anyeonstltutlonal provlslons e.g.electlon to post or narne of•ny per50n or body entltledtts appolnt I￿e or moretrustees There have been no change5 to the Board of Trustees thi5year. The charity'5 current trustees a￿ aprM)inted in accordance with tsur8ovemin8 d¢xuments, whlch outilne the procedtsres for trustee selection.Tru5tees may be elected or app￿inted based on the needs of the charity and inline wth the skills and experience requ1￿d to effectively govern antl overseeour activitles. This re ved by the tru5tetr and signed on its behaLf Luke Tu Trustee or Date - 29 April 2025 Page5of 11

Clematis Cottage The Square Tregony Truro TR2 5RS May 2025 Dear Tru8tses, Subject: Independent Examlnation Report for°Coast Medic" I have completed the independgnt 8x8mlnation of Coast Medi¢,8 financial records and account8 for the fi8¢8lygar ending30 June 2023. Thls examlnation en8ure8 accuracy and compliance with financlal standards. I have revlewed the record8 and cross checked them wlth the accounts. I have also considered any unusual items or disclosure8.18m ple88ed to report thatthe accounts align with the r6cord8 and meet regulatory requlrements, and l am happy that they are 8 true and accurate re¢ord. Feelfreeto contsct me at. for any cL8rrfic8tion. Kindest regard8 Joslah V￿lleY

COAST MEDIC STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 30 June 2023 RecovTrmended catryorle5 by actlvlty Incom• and éndowm•nts from: Unre5trl ¢td funds Total F und$ 2023 tk)nation5 and le8acie5 6,196.L 6,196.ThJ Charitable activilies 41.701.67 41.701.67 Total 47.897.67 47,897.67 Expendlture on: Ralsing funds Charitable actfvits 19,435.80 19,435.80 29,7B6.98 29.786.98 Other 17,081.CiJ 17,081.L Tot•l 66.303.78 66.303.78 Net Incomel(exper•dlture 118,406.111 Net mov•m•nt In fvnds 118.406.111 Reeonclllatlon of funds: -Total fund4 broi￿ht forward 39,420.83 39.420.83 Trtal funds urrled fonv4rd 21.014.72 21.014.7Z Page7of 11

COAST MEDIC BALANCE SHEEr FOR THE YEAR ENDED 30 June 2023 Recommènded cat￿OrIeS by actlvlty Fixed assets Ub)restrf cted fun(15 Tot•1 F und$ 202Y Note5 Tangible as5et5 26,380.27 26.380.27 Totsl flxetl assets 26.380.27 26,380.Z7 Current a55ets Cash at bank and In harK1 11.630.451 11,630.451 Total current assets {1,630.451 11,630.451 C￿ditorS.. amounts fallin# due wlthln one year Net currefit assetsl(Il&bllltles1 10 3.735.10 3.735.1C {5.365.551 15.365.551 Total net assets or Ilabflftles 21.014.72 21.014.72 Funds of thè Ch•rlty Unrestricted fund5 21,014.72 21.014.72 Restricied income fun¢ts -.Endowment fund5- Total funds 21.014.n Z1.014.72 For the year endTn8 30 June 20Z3. the company was entitled ro exemptlon from audlt ￿ljer section 477 of the Companie5 Act 2006 relating to small companies. The members have not required the c¢)mpany to obtain an audit of it's accounts for the year in questlon in accordanc? with seciion 476. The directors acknowledge their ￿Sponsibl17t1eS for complying with the requ1￿MentS of the act wSth respect to accounting records and the preparotion of accounts. These accounts have been prepared in accordance w(th the provi5ion5 applicable to companies 5ubJect to the smaLL companies. regime. The Ilnanelal statements were approved by the trustee5 on29 April 2025 and slgned on Its behalf b￿. Luke Tvdor Trustee Date . 29 Aprfl ZOZ5 Page8of11

COAST MEDIC NOTES TO THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 30 June 2023 1. Accountlng Pollcles The prfnclpal accountln8 pollcles artipted by the Charlty. which is a publlc be￿fit entity, in the preparation of the accounts are as foLIow5. 1. 1 Basls of preparatlon These accounts have been prepared under the historical cost convention, as rnodified by the fjncluslon of harltable propertle5 antl flxe¢J a55et Investments and investment pr0Pertles at valuation. These accounts have been prepared In accordan￿ wfith "Accounting and Re￿rtIng by Charltfje5- Statement of Recommended Practice applicable to charities preparing their accounts in accordance ￿th the Financlal Reporting Standarij appllcable In the UK and Republic of Ireland IFRS 1021- (effective l January 20191 Icharities SORP IFRS 10211. the financial Reporting Standard applicable in the UK and Republic of Irèland IFRS 1021 and the Charities Act 2011. These accounts are presenred in ￿)￿d$ sterting and rol￿ded to the nearest 1.2 Going concern The Trustees have prepared financial projections, takin8 into eOn5ideration the Cur￿nt economic conditions and have. at the time ol approvlng these accounts. a reasonable expectation that the charity has adequaie rèiourcès to continlt in operational existence tor the I0￿$eeable future. Thus they continue to adopt the goin¢ concern basis of accounting in preparing the accounts. 2. Income from Donatlons and Legacfes An•lysls Unrestricted funds Total furlds 2023 Donatlon and gifts General grants provl¢Jed by Govemrr*n¢/other charities 5,196. 1,(W.LXI 5.196.00 1.1X)O.00 6,196.1)J 6.196.00 3. Income from Charltable Actfvltles Analysls Unre5trfcted funds Total funds 2023 Sale of Service 41.701.67 41.701.67 41.701.67 41.701.67 4. Expenditure on Raising Funds Analysfs Total fund5 2023 Rent collectionTr property repair5 and moTntenance charges Support Cotts 3,132.56 16.J03.24 19,435.80 Page9of11

  1. Expendlture on Charltable Actfvltles Total funds 2023 Analysls Bank charge5 Charity runnlng Cost Cost of se￿ceS tk)natlons SLPPOrt Costs 264.10 3.484.96 9.448.23 286.44 16.303.24 29,786.98
  2. Support Costs Total funds 2023 Analy5fj5 Staff costs 3Z.606.49 32,606.49
  3. Other Expenditure Analysls Unrestrlcted funds Total fund$ 2023 Deprecpation Charge for the Ye•r- Plant & l•achinery Depreciation Char8e for the Year- hkntor Vehlcles 12,016.Cil 12,016.C¥J 5.065.ts) 5.lJ65.C 17.081.ts) 17.081.C¥J

  4. Tangfble Flxed Assets Pl•nt & mttthl￿ry Motor Vehlcle5 8.1 C05t or valuatlon At 01 July Z022 Additions 56.498.18 25,327.00 3.585.99 015posals Revaluatio Transfer5 At 30 June 2023 60.084.27 25.327.c) .2 Depredatlon and lrnp•lrments At 01 July 2022 32.711.ts) 9.239.00 Charge for the year 12.016.C( 5.065.00 Dlsposals Revaluations Transfers At 30 June 2023 44.727.C¥J 14.304.00 8.3 Net b•ok value At 01 July 2022 23,787.28 16,088.00 At 30 June 2023 1S,357.27 11.023.00 Page 10of 11

  5. Cash at bank and In hand Total funds 2023 Cash at bank and In hand 11,630.451 11,630.451

  6. Creditor5: Amounts falllng due wSthln one year Total funds 2023 Trade credltors 3,735.10 3.735. 10
  7. Charity funds
  8. 1 Details of materlal funds held and movements durlng the CURRENT reportlng perlod Fund balances br¢>ught forward Fund balances. 4rrled forward Income- Transfers=""= Galns and.- losses Fund names Unréstrlcted fund5 47,897.67 49,222.78 11.325.111 Unre5trlcted General Funds 39.420.83 17.081.L)J 22,339.83 Trtal 39.420.83 47,897.67 66.303.n 21.014.n 11.2 Tran5fer5 between funds Thfjsy￿r Between ￿n￿tr￿tte￿ and ￿riCted funds Between endowment and ￿$tArte{l lun¢ts Between endowment and unrestricted fund5 Page11of 11