Charily registration number 1159975 (England and Wales) NATIONAL COASTWATCH INSTITUTION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 NATIONAL COASTWATCH INSTITUTION LEGAL AND ADMINISTRATIVE INFORMATION The Trustees Mr G Gordon SirA Massey Mr P Styles Dr. C Aps Mr S Hand Mr D Crozier Mr J Rolhwell Mr I Vvhalley Mr F Moxon Mrs L Lawrence Mrs G Rendle Mrs H Simpson (Resigned 31 October 20251 Charity registration England and Wales 1159975 Principal address 17 Dean Street Liskeard Cornwall PL14 4AB Independent examlner Rouse Partners LLP 55 Slalion Road Beaconsfield Buckinghamshire United Kingdom HP9 1QL NATIONAL COASTWATCH INSTITUTION CONTENTS Page Trustees, report Independent examin¢r's report 24 Slalemenl of financial 8clivilies 25 Balance sheet 26 Slalemenl of cash flows 27 Notes to the financial slalemenls 28-35 NATIONAL COASTWATCH INSTITUTION TRUSTEES. ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 The trustees present their report with the financial statements of the charity for the year ending 30 September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland IFRS 1021 (effective l January 20191. REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name National Coastwatch Institution Constltuted as Charitable Incorporated Organisatio Governed by NCI Constitution 16, January 2015 (Updated October 20201 Charity registration number 1159975 Principal office 17 Dean Street, Liskeard, PL14 4AB The Trustees The Trustees who served the charity during the period October 24- Sept 25 were as follows.. Dr. Chris Aps Mr. David Crozier Mr. Graeme Gordon Ex-officio Trustee (National Treasurer) Mr. Stephen Hand Mrs. Linda Lawrence Sir Alan Massey (Co-opted as a Trustee April 20241 Mr. Frank Moxon (Co-opted as a Trustee May 20251 Mrs. Gail Rendle Mrs. Helen Simpson Mr. Phil Styles Mr. lan Whalley MBE (Co-opted as a Trustee June 20241 Independent Examlner Rouse Partners LLP, 55 Station Road, Beaconsfield, Buckinghamshire, HP9 IQL NATIONAL COASTWATCH INSTITUTION TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 I. NCI OBJECTIVE AND ACTIVITIES Objectives The Charity objective is to assist in the protection and preservation of life at sea and around the UK coastline. Vision Our vision is to: increase coverage around the coast in areas of highest need. continuously expand NCI'S capability to help save lives and be recognised for this. strengthen our reputation as a 'professional' organisation. Activities The volunteers of the National Coastwatch Institution INCI) help to keep people safe and save INes by providinE a visual, listening and radar watch around the coast. We aim to keep watch in daylight hours, every day of the year to.. 'spot' accidents, incidents and vulnerable people or vessels 'plot' the location 'report' the details to HMCG or other emergency services 'respond' with further assistance as required by HMCG NCI is a declared asset of HM Coastguard and part of the UK National Search and Rescue organisalion, providing support to the frontline services. We help coastal users to be safe, and stay safe, providing information about local conditions and facilities - in person, by radio or by telephone. NCI has also now developed a structured approach to enhancing coastal and water safety providing information directly to the public by individual engagement and talks to community or8anisations. Public Benefit In managing the activities of the Charity, the Trustee5 confirm that they have complied with their duty to have due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant. In addition to our primary objective "to protect and preserve life at sea and around the UK coastline,, NCI continues to benefit the wider community in several ways: NCI has an ongoing role in assisting, via HM Coastguard and other agencies, including the Police and Local Authorities, by alerting them to visible suspicious activity along the coastline. We regularly conduct V15ual searche5 for overdue craft and missing persons, as well as highlighting environmental incidents. By helping to improve safety around the coast, NCI encourages increased use of inshore coastal facilities and community participation. Local businesses and councils see us as a major contributor to safety, providinB benefit where they offer leisure facilities and venues. NATIONAL COASTWATCH INSTITUTION TRUSTEES. ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 2. INTRODUCTION BY THE CHAIR On behalf of the Board of Trustees, l am pleased to report a year of considerable progress with our goals and objectives. The year to September 2025 has been one of designing and plonning major changes in the way National Coastwatch is governed, managed, and operated. A comprehensive review of management structure, processes and reporting has been conducted with significant support from the Cranfield Trust. Their recommendations have been agreed by the Board of Trustees and will be fully implemented in the year 2025- 2026. More details of the review and its conclusions are described in Section 3 below. In 2025 two of our stations were the recipients of the King's Award for Voluntary service, namely Lee-on-the-solent and Nells Point brinEinE the total number of National Coastwatch stations in receipt of the award to 31. The Trustees offer their congratulations to both stations on this tremendous achievement. Search and rescue operations involved NCI in 935 incidents last year which was an increase of 110 on the previous year and 461 of those incidents were initiated by National Coastwatch watchkeepers. We were also able to assess the number of people who were rescued in incidents involving our watchkeepers at 340. Our personnel numbers all reflected a positive irend in 2024-2025- volunteer watchkeepers rose by ninety-nine, numbers in training were up, the number of cadets increased and the number of people in important support role5 also increased. The Board of Trustees decided that a Certificate of Merit should be awarded in cases where assistance in saving a life had been given. The key criteria included that the actions taken by watchkeepers should be acknowledged by one of our other SAR partners a5 having helped save a life or lives. The Certificate of Merit is the highest award that a watchkeeper could achieve and, since its inception, four certificates have been presented. Coastal and Water Safety operations Showed a major increase in the number of our volunteers- to forty stations with over 150 volunteers - trained in and who regularly spent time engaging with members of the public and offering information on how to pursue their chosen water-based activity more safelv. Our station development team continued to work on new station and refurbishment projects. Five ongoing projects will be completed in 2025, and the recently converted trailer unit was installed to become NCI Cleethorpes in June 2025, formally opened in October 2025 by our Royal Patron. The team also worked on replacing trailers at Point Lynas. Brancaster and Filey, and Llandudno. Major rebuilding projects began at Lyme Bay and Mablethorpe a5 did the creatlon of new stations at Minehead and Burnham on Sea although the latter has been stalled due to Council issues. The work to increase CCTV coverage made strong progress in 24-25. At the end of the financial year a total of 35 stations were equipped with 106 cameras, and a project is underway to stream all CCTV NATIONAL COASTWATCH INSTITUTION TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 images to a central server which can also be accessed in real time by HMCG operations staff at Maritime Rescue Control Centres. A major part of our 5-year strategy is the effort to raise our profile and stop being the best kept secret in maritime search and rescue. At our station level thanks to a massive amount of work we are better known as prominent members of our local communities. In September 2024 we were a150 a much more visible exhibitor at the Southampton boat show attracting a much larger number of visitors than ever before. In addition, our Royal Patron contlnued to work extremely hard on our behalf in 2024. Her visits to our stations generate 3 major increase in local recognition and interest Sn our work and last year she visited a further six station5. She also attended a reception in October 2024 for over one hundred guests at Trinity House. Fundraising remains a vital aspect of our work across the charity with our 61 stations doing a Ereat deal of the heavy lifting locally. Nationally two schemes were launched providing a free will writing service and the opportunity to win weekly cash prizes through an online lottery competition. We also benefited from generous donations from the Baltic Exchange, Trinity House Maritime Fund, he Seafarers Charity and the Stelios Philanthropic Foundation. On behalf of the Board of Trustees I thank all our sponsors and donors who have supported us during the year and most of all I thank our 2,800 magnificent volunteer watchkeepers who give so much of their time and effort to our mission of helping to save lives along the coast. 3. MANAGEMENT STRUCTURE REVIEW In late 2024 the Board of Trustees instigated a mid-term review of each of the programmes of work contained in the five-year strategy launched in 2022. Responses suggested difficulties with strengthening our management structure and processes and our new Risk Management group also Identified management process flaws as a significant risk to the charity. We contacted Cranfield Trust who provided an experienced volunteer from their team to review the charity's strategy for developing our management Structure and processes. After considerable consultation, Cranfield recommended that for 2025-2026 that we should clarify the roles and responsibilities of Trustees, Managers, and Task Groups put in place an Annual Business Plan for FY 2025-6 with realistic annual objectives drawn from the strategic goals in the 5-year plan quantify and recognise the planned amount of work needed for each group to deliver its objectives and quantify and recognise the planned amount of work needed to enable other dependent groups to meet their objectives ensure that the annual plan progress, obstacles arising, and planned corrective action are reported to and reflected in agendas for Board of Trustee meetings NATIONAL COASTWATCH INSTITUTION TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 With advice from Cranfleld clarification of the roles and responsibilities of Trustees and Managers and ensuring an effective working relationship between them is planned to be achieved by creating three Board Committees to support Financial Management, Risk Managemerbt and HR. creating four task groups with responsibility for the major change functions of Fundraising, Station Development, Coastal and Water Safety and ICT managing core watchkeeping operations through an Operations Management Team led by a Chief Operating Officer revising the future role of Regional Trustees to represent the charity externally Trustees in management roles and members of management teams will combine their knowledge and experience to deliver the specific planned objectives of each committee and group. The new structure will enable Trustees to focus on their statutory responsibilities for the overall governance of the charity including ensuring that NCI operates effectively with a clear mission and strategy, ensuring that NCI management has clear aims and objectives, priorities, policies, and procedures and ensuring that the Board is able effectively to support managers and volunteers with sufficient resources (financial. human and equipment) to meet its planned objectives. The structure will also enable group and sector managers to deliver the objectives agreed in the annual business plan, to support Station manager5, committees and members in their activities and to regularly review and report progress against objectives. Cranfield Trust also recommended that the charity develop an Annual Business Plan for 2025 -2026 which ensures that: strate8ic Objectives from the S-year plan are translated into Annual Objectives Wlth clear deliverables objectives have designated owners, are prioritised and have budgets and resources identified key dependencies between "departments. and limitations of manpower are identified progress aEainst objectives is regularly reviewed by managers and teams reports to the Board are made about progre55 on achieving objectives enabling the Board to provide further support is needed. A small working group comprising three Trustees and our Cranfield Trust adviser have constructed a plan which has allocated Specific, Measurable Achievable, Realistic and Timed objectives to each task Eroup. Group leaders have assessed and agreed the feasibility of completing the objectives allocated to each group within the financial year 25-26 and allocated a priority rating to the objectives that will enable a managed reduction in scope if necessary. The plan has identified the people resources that each group is likely to need to undertake the objectives and the levels of recruitment needed and identified the dependencies between groups and individuals for achieving NATIONAL COASTWATCH INSTITUTION TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 the plan objectives. Managing the plan will be supported by the introduction of a more structured approach to reporting performance, change management and the resolution of issues including regular reviews of progress by sector managers, operations group, task groups and board committees using standard report formats highlighting progress, obstacles and proposed remedial action5. Quarterly Board of Trustee meetings will receive reports from committees and groups highlighting progress and achievements, lack of progress and recommended remedial actions 4. Operations Actlvlty Report covering October 151 2024 to September 30, , 2025 Over the period the NCI has 60 operational stations with the latest NCI Cleethorpes opening in July 2025. The charity dealt with a total of 935 incidents up by 110 incidents 13% over the same 12- month period 2023 to 2024. 387 incidents have required the launching of a lifeboat. Through our diligence and support we have initiated or a5SlSted in the rescue of 340 persons and assisted 547 others. That's a total of 887 people who have benefited from our help & vigilance Period 0111012024 to 3010912025 Incident Inltlator Assets Deployèd Noof Station5 Incident Ratlo lllllllllllllll All Stations 60 935 15.60 461 440 22 12 310 77 29 276 692 Per$onsAsslsied 2025 Persons Rescued llllll 246 301 547 192 148 340 NATIONAL COASTWATCH INSTITUTION TRUSTEES. ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 Incidents I month all stations 160 140 202&2024 120 11202¢2025 11x1 80 60 40 20 Oct Nov Dec Jan F&b Mar April M8y June July Aug Sept rot81s 2023-2024 73 37 22 39 39 42 71 105 93 96 129 79 825 2024-2025 52 50 31 46 11111 38 55 89 105 121 134 148 66 935 NATIONAL COASTWATCH INSTITUTION TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 PERSONS ASSISTED & RESCUED 0111012024 to 3010912025 BY NCI REGION ALL REGIONSTOTAL Ptison5A5s1sied Poi$on¥ Rè¥ru¢d 547 340 887 14ORTHWESFEFIGLANDSWALES EAST&NORTHEASTCOAST I$￿￿5￿￿5¢￿￿ 108 204 North East North West England & Wales. EAST ANGLIA 141 CORNWALL I Somerset South E South Coa Lyme bay South Coa Noodl08 SOUTH EISTCOA5T cornwall DEVDN&50MEK5ET SOUTHCOASTLVMEBAY 136 122 167 NATIONAL COASTWATCH INSTITUTION TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 Incident summary by typei group & location The top 5 Incldents make up 43% of all the incidents recorded by the NCI during the 2024-2025 period Top 5 In¢Klonls Top S IncldentsTo Date Yachts 121 121 64 Tldal Cul Offs 91 Paddle Boarders 85 Vunerable Persons 85 91 Missing Persons Totals 404 Y4Ehts Yachts head the list with 121 of which 37 was related to engine failure alone. The majority of yacht related incidents is recorded along the coastline of southern England which has the highest number of marina's & facilities. Tidal cut offs a total of 91 are currently second. Tidal cut offs happen across all regions but predominantly in areas of high tidal ranges such as the Bristol Channel and areas around large coastal estuaries like Morecombe Bay, and the Wash. Six stations, Brancaster, Fleetwood, Porthcawl, Wells-next-the-sea, Nells Point and Worms Head have been involved with 60 tidal cut off Incidents resulting in the rescue of 88 persons and numerous dogs so far this year. Paddle Boarders with 85 are in third place. Paddle boarding as a leisure activity has exploded in its popularity across the whole country. It's now a given if we have strong offshore winds and unfavourable tidal conditions a paddle boarder somewhere is going to get caught out putting a major strain on the SAR services. NATIONAL COASTWATCH INSTITUTION TRUSTEES. ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 202S Focus from all water safety groups across the sector is needed and more pressure should be put on the retailers selling the kit. MISSING Vulnerable & missing persons come in at fourth & fifth, with combined total of 107. This topic need5 more detailed discussion and is not for open discussion within this report, however it's clear that we the NCI are on many occasions on the front line, and we have taken actions that have assisted with helping people at their most desperate moments. Incident Location / Group In¢Kltrnt Lo¢atloThl Gro¥p Incldent Location l Group 140/0 Land l Beach Activities 319 25% Le15ure Ciaft 253 27 Water Sports 235 Others 128 14 27,1 Totals 935 Jk A L4n&lB¢o¢hAdl¥itl•E Liisw•Cia rswateiswrts 34% of all NCI incidents happen on the land or beach areas around the coastline and as alreadv mentioned, the top issue being tidal cut offs. All other incidents happen close in shore or at maximum of 4 to5 miles out. 10 NATIONAL COASTWATCH INSTITUTION TRUSTEES, ANNUAL REPORT YEAR ENDED 30 SEPTEMBER 2025 National Coastwbtch Institu15on INCIDENTSBYTYPE0111012024TOJ010912025 L?lsuieCratt LandlBexhAclfvllleJ wrt•iSpo 1ype V4cM¥ 37 121 32 64 38 45 43 22 a￿11$ Is 5ART&?IHg.D￿.m•5￿I*il 21 le￿rfE[s 23 21 14 Wthk*i*F*I 20 22 19 13 TtylnlWN•s 12 rt4 12 HllknN4ydty 14 13 ADlThali¢laW io Wlr4Fol 5uff+is 12 oiwty TfthbS1on*lrrf is unts and Reportsl Regulations 2008 only lo the exlenl requir&d lo provide a true and fair view. This departure has involved l(>llowing the Slalemenl of Recommended Practi¢& for charities applying FRS 102 rather than the version of the Slalemenl of Recommended Practice which is referred lo in the Regulations bul which has since been withdrawn. 1.2 Golng concern Al the lime of approving the financial slalemenls, the The Iruslees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus The Iruslees continue lo adopt the going concern basis of accounting in preparing the linancial slalemenls. 1.3 Charitable funds Unreslricled funds are available for use at Ihe discretion of the The Iruslees in furtherance of their tharitable objedives. Restricted funds are sutjjed lo specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are sel out in the notes lo the finall￿al slalemenls. 1A Income Income is recognised when the charity is legally enlilled lo it after any performance conditions have been mel, the amounts can be measured reliably. and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless perforrnance conditions require deferral of the amount. Income lax recoverable in relation lo donations re¢eived under Gift Aid or deed5 01 covenant is recognised al the lime of the donation. Legacie5 are recognised on receipt or otheNrise if the charity has been nolilied of an impending dislribulion. the amount is known, and receipt is expected. 11 the amount is not known. the legacy is Irealed as a conlingenl asset. 1.5 Expendlture Expenditure is recognised once there is a legal or conslru¢live obligation lo Iransler economic benefit lo a third party, il is probable that a transfer ol economic benefits wll be required in 5elllem6nl. and the amount of the obligation can be measured reliably. Expenditure is Classified by activity. The costs of each activity are made up of the lotsl of direct costs and shared Costs. including support costs involved in undertaking each activity. Direct costs allribulable lo a single activity are allocated directly lo that aclivily. ShaTed costs which conlribule lo more than one acb'vily and support costs which are not atlribulable lo a single activity are apportioned between those a¢livilies on a basis consislenl with the use ol resources. Central staff costs are allocated on the basis of lime spent, and depreciation ¢harges are allocated on the portion of the asset's use. 28- NATIONAL COASTWATCH INSTITUTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcles (Continued) 1.6 Tanglble fixed assets Tangible fixed assets are initially measured al cost and subsequently measured al cost or valuation. net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over Ihgir useful lives on the following bases.. Leasehold land and buildings Plant and equipment al varying rates on cost 25°A on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and Ihe carrying value of the asset, and is recognised in the slalemenl of financial aclivilies. 1.7 Flxed asset Investments Fixed asset investments ale initially measured al transaction piice excluding transaction costs, and ale subsequently measured at fair value at each reporting dale. Changes in fair value are recognised in nel incomellexpendilurel for the year. Transaction costs are expensed as incurred. 1.8 FSnancial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Inslrumenls. and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's balance sheet when the charity becomes party lo the conlraclual provisions ol the inslrumenl. Finan(aal assets and liabilities are offset, wrth the net amounts presented in the finan¢ial stalemenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention lo sellle on a net basis or lo realise the asset and settle the liability simultaneously. Basic financial assets Basi¢ financial assets. which include debtors and cash and bank balancos, are initially measured al transaction price including transaction costs ancs are subsequently carried al amorlised cost using the effective interest method unless the arrangement conslilules a financing transaction, where the transaction is measured al the present value of the future receipts discounted al a market rale of interest. Financial assets Classifi'ed as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabilities. including creditors and bank loans are initially recognised 81 transaction price unless the arrangement conslilules a financing Iransa¢lion. where the debt Instrument is measured al Ihe present value of the futurè payments dis¢ounled al a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt in8lrumenls are subsequently carrted al amortised wsl, using the effective interest rale method. Trade creditors are obligations lo pay for goods Dr services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-cuirenl liabilities. Trade ¢redilors are recognised initially al transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are distharged 01 cancelled. 29- NATIONAL COASTWATCH INSTITUTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2025 Accountlng pollcles (Continued) 1.9 Taxatlon The charity is exempl from corporation lax on ils charitable aclivilies. 1.10 Employee beneflts The ¢tsst of any unused holiday enlillemenl is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably commilled lo lerminale the employment ol an employee or lo provide lerminalion benefits. 1.11 Legacles Legacies are recognised on a case by case basis where the receipt of the legacy is considered probable and the amount can be measured reliably. A receipt will be probable if there has been a grant of probate.. the executors have established that there are sufficient assets in the eslale lo pay the legacy, after settling any liabilities, and any conditions allached lo the legacy are either within the control of the ¢harily or have been mel. Vvhere legacies have been nolilied lo the Chaiily, or the Charity is aware of the granting of probate and the criteria for income recognition have not been mel, then the legacy is Irealed as a ¢onlingenl asset and disclosed if material. Crltlcal accountlng estlmates and judgements In the application of the charity's accounting policies. the The trustees ale required lo make judgements, eslimales and assumptions about the carrying amount of assets and Iiabililies that are not readily apparent frotn other sources. The eslimales and associated assumptions are based on historical experience and other factor5 that are considered lo be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recogni5ed in the period in which the estimate is revised where the revision affects only that period, or in the period ol the revision and future ￿riOdS where the revision affects both current and future periods. Income from donatlons and legacl&s Unrestricted Restri¢ted funds funds 2025 2025 Total Unrestrlcted Restrlcted funds funds 2024 2024 Total 2025 2024 Donations and gifts 412.273 308.645 720.918 479,771 133,766 613.537 30- NATIONAL COASTWATCH INSTITUTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Income from other tradlng actlvltles Unre$trlcted Unrestrlctod funds funds 2026 2024 Shop income Lelling and licensing arrangements 248,839 10,084 339,659 3,879 Other trading activities 258,923 343,538 Expendlture on raislng funds Unrestrlcted Restricted funds funds 2026 2026 Total Unrestricted Restrlcted funds funds 2024 2024 Total 2025 2024 Fundraislng and publlclty Other fundraising ¢osls 96,627 1,330 97,957 118,527 118,527 Charltable activities Operatlng Operating coastal coastal stations ststlons 2025 2024 Depreciation and impairment Dire¢t Costs 60,140 404,507 65,380 539,265 464,647 604,645 Share of support costs 260,524 336,468 725,171 941,113 Analys1$ by fund Unreslricled funds Reslricled fLJnds 564,980 160,191 898.166 42.947 725,171 941,113 31 NATIONAL COASTWATCH INSTITUTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2025 Net movement in funds 2025 2024 The nel movement in funds is slated after chargingllcredrtingl.. Fees payable for the independent examination ol the charity's financial slalemenls Depreaalion of owned tangible fixed assets 9,250 60.140 7,200 85,380 Gains and losses on Investments Unrestricted Unrestricted funds funds 2025 2024 Gainsl{lossesl arising on". Sale of investments 16,484 16.7731 Taxation The charity is exempl from laxalion on ils activities because all ils income is applied for charitable purposes. 10 Tanglble flxed assets Leasehold Assets under land and Gonstructlon buildings Plant and 8quipment Total Cost Al 1 October 2024 Additions 436.956 78,865 392,867 10,239 829,823 108,490 19,386 At 30 September 2025 515,821 19,388 403,106 938,313 Dèpr&clatlon and impairment Al 1 October 2024 Depreciation charged in the year 301,065 36,949 300,944 23,191 602,009 60,140 At 30 September 2025 338,014 324,135 662,149 Carrying amount At 30 Seplembei 2025 177,807 19,386 78.971 276.164 At 30 September 2024 135,891 91,923 227,814 32- NATIONAL COASTWATCH INSTITUTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 11 Flxed asset Investments LSsted Investments Cost or valuatlon Al 1 October 2024 Valuation changes Disposals 108,038 16,484 1124.5201 AI 30 September 2025 Carrying amount AI 30 September 2025 AI 30 Seplember 2024 108,036 12 Debtors 2025 2024 Amounts falllng due within one year.. Other debtors 26,422 33.592 13 Loans and overdrafts 2025 2024 Bank overdrafts 31 188 Payable within one year 31 188 14 Creditors: amounts falling due wlthln one year 2025 2024 Notes Bank overdrafts Other laxalion and social security Trade creditors Accruals and deferred income 37 14,340 188 999 9.266 10,092 24.463 10.453 -33- NATIONAL COASTWATCH INSTITUTION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 15 Restricted funds The restricted funds of the charity Comprise the unexpended balances of donations and grants held on trust subject lo specific ¢ondilions by donors as lo how they may be used. At 1 October 2024 Incoming resources Resources expended Transfers At30 September 2025 Slalion fund Trinity House 236,302 128.637 307,145 1,500 1139,8831 121,6381 1108,489) 295.075 108.499 364.939 308,645 1161,5211 1108,489) 403.574 Previous year: At 1 October 2023 Incomlng r&sources Resources expended Transfers At30 Septsmbèr 2024 Slalion fund Trinity House 159,229 114,891 112,866 20,900 135,7931 {7,1541 236,302 128,637 274,120 133,766 142,9471 364,939 Trinity House figure relates to water safely and integration the coastguard. 16 Unrestrlcted funds The unreslricled funds ol the charity comprise the unexpended balances of donations and grants which are not Subject to specific Gondilions by donors and grantors as lo how they may be used. These Include designated funds which have been sel aside out of unreslricl&d funds by the trustees for specific purposes. At 1 Octobèr 2024 Incoming resources Resources expended Transfers Gains and losses A130 September 2025 General funds Designated funds 712,308 706.729 {697,1401 108,489 16,484 846,870 {35.533} 35,533 712,308 671,196 1661,6071 108,489 16,484 846.870 Prevlous year: At 1 October 2023 Incoming resources Resources expended Transfers Gains and losses At30 September 2024 General funds 912.465 823,309 11,016,693> 16,773} 712.308 NATIONAL COASTWATCH INSTITUTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 17 Analysls of net assets between funds Unrestrlcted nds 2025 Restricted funds 2025 Total 2025 At 30 September 2025.. Tangible assets Current asselsllliabililiesl 276,164 570,706 276,164 974,280 403.574 846,870 403.574 1,250,444 Unrestricted funds 2024 Restrlctgd funds 2024 Totsl 2024 At 30 September 2024.. Tangible assets Investments Current asselsllliabililies} 227,814 108,036 376,458 227,814 108,036 741,397 364,939 712.308 364,939 1.077.247 18 Related party transactlons There were no Iruslees, remuneration or other benef11s for the year ended 30 September 2025. The Trust has reimbursed the Iruslees wlh £5,00612024'. £12,094) in respe¢l of travel costs. accornmodalion, subsistence and other ancillary costs being monies necessarily incurred in the pursuance of the Trust's business. 19 Analys5s of changes In net funds The charity had no material debt during the year. 20 Cash generated from operations 2025 2024 Surpluslldeficill for the year 173,197 1109,3381 Adjustmen15 for.. IGainlAoss on dlsposal of investments Depreciation and impairment of tangible fixed assets {16,4841 60,140 6,773 65,380 Movements in working capital.. Decreasellincreasel in debtors Increaselldecreasel in creditors 7,170 14,167 126.4771 {16,7371 Cash generated fromllabsorbed by) operatlons 238,190 180,3991 -35-