In order to be able to carry out its charitable aims, a charity’s trustees need to ensure they:
- meet their legal duties to safeguard the charity’s assets
- administer the charity’s finances and assets in a way that identifies and manages risk
- ensure the quality of financial reporting, by keeping adequate accounting records and preparing timely and relevant financial information
The National Coastwatch Institution is entirely dependent on public donations, corporate sponsorship and the generosity of local businesses in supporting their local NCI lookout stations.
Each lookout station is responsible for raising funds to cover its operating, maintenance and running costs, but how it spends those funds is ultimately controlled by the Charity’s Board of Trustees.
Past years’ financial statements and Annual Reports can be viewed on the Charity Commissioners’ website.
Annual Report 2023
At each year’s Annual General Meeting, the Board of Trustees are required to provide an Annual Report for the previous financial year. This documents the progress of the Charity in fulfilling its charitable aims together with notable events throughout the year.
The Report for 2023-2024 can be accessed by using the link below.
Annual Accounts 2023
The financial year for National Coastwatch runs from 1 October to 30 September the following year, and the accounts are prepared and presented at the AGM in April.
The link below will take you to the Annual Accounts for 2023-2024.