Registered number.. 02563736 Charity number: 1001233 SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ishop Fleming
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Reference and administrative detsils of thg company, its Trustgos and advisgrs Trustees. report Independent audltors. report on the flnanclal statements Statement of financial activities Balance sheet 10 Notgs to the financial $tatomgnt$
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trustees Professor P S Rainbow Iresigned 2 December 20201 Professor M J Whitaker Professor S Rogers Professor C Frid Dr J Ashworth Professor J A Raven Professor A G Smith Mr R Coombs Professor J Petts Professor P J B Hart Professor P M Holligan Mr R Mills Dr G Rider Professor D Laffoley Company registered number 02563736 Charity registered number 1001233 Registered office The Laboratory Citadel Hill PIyTnoulh Devon PL1 2PB Company secretary Professor W Wilson Independent auditors Bishop Fleming LLP Chartered Accounlanls Salt Quay House 4 North East Quay SLJtton Harbour PIyTnoulh PL4 OBN Page 1
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their Annual Report together with the audited financial statements of the company for the 1 April 2020 10 31 March 2021. The Annual Report serves the purposes of both a Trustees, report and a Directors, report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current slalulory requirements, the requirements of the charitable companls governing document and the provisions of the Slalement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 2019}. Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 {Slrategic Report and Directors, Report) Regulations 2013 has been omitted. Objectlves and actlvltles a. Actlvltles undertaken to achleve obJectlves SAHFOS, main objective and activity is Ocean Research. Due to the merger with the Marine Biological Assoication of the United Kingdom IMBAI all contracts and activities were transferred to the MBA except for the H2020 Atlantos project. This project is within the SAHFOS Ltd company and is now completed. The Allanlos project is about Optimising and Enhancing the Integrated Atlantic Ocean Observing Systems. The overarching objective of Allanlos is lo achieve a transition from 8 loosely coordinated set of existing ocean observing activities to a sustainable, efficient, and fit for purpose Integrated Atlantic Ocean Observing Systems IIAOOSI, by defining requirements and systems design, improving the readiness of observing networks and dats systems, engaging stakeholders around the Allanlic., and leaving a legacy and slrenglhened contribution to the Global Ocean Observing System IGOOS} and the Global Earth Observation System of Systems IGEOSSI. b. Main aetivities undertaken to further the Company's purposes for the public benefit The Trustees consider the Atlantos project achieves this. In setting objectives and planning for activities, the Trustees have given due consideration lo general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a charity IP821'. Having now completed the project consideration is being given to the winding up of SAHFOS Ltd. Achievéments and perforniance Financial review a. Reserves policy As the project has now been completed. all reserves have been transferred to the MBA. Structure, governance and management a. Constitution Sir Alister Hardy Foundation for Ocean Science is registered as 8 charitable company limited by guarantee and was set up by a Trust deed. Page 2
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Structure, governance and management (CONTINUED) b. Methods of appolntment or electlon of Trustees The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. c. Organlsatlonal structure and declslon-maklng pollcles The charity is linked to Ihe Marine Biological Association of the United Kingdom, and all key operations are run there, along with key decision making. There is a common board of Trustees. STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees (who are also the directors of the company for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees lo prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the stale of affairs of the company and of ils incoming resources and application of resources, includin9 its inrne and expenditure, for that period. In preparing these financial stalemenls, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles of the Charities SORP IFRS 102}- make judgements and accounting estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures disclosed and explained in the financial slalemenls., prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any lime the financial position of the company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularits'es. Disclosure of information to auditors Each of the persons who are Trustees al the time when this Trustees. Report is approved has confirmed Ihal.. so far as that Trustee is aware, there is no relevant audit information of which the charitvs auditors are unaware. and that Trustee has taken all the steps that ought to have been taken as a Trustee in order lo be aware of any relevant audit information and to establish that the charity's auditors are aware of that infofmalion. Auditors The auditors, Bishop Fleming LLP, have indicated their willingness lo continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees. Page 3
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE {A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Approved by order of the members of the board of Trustees and signed on their behalf by.. Dr G Ridgr Dale= 27 October 2021 Page 4
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE OPINION We have audited the financial statements of Sir Alister Hardy Foundation for Ocean Science (the 'charitsble companll for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balan Sheet. the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the slate of the charitable companls affairs as al 31 March 2021 and of its inwming reSoUeS and application of resources, including its income and expenditure for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. BASIS FOR OPINION We conducted our audit in accordance with Intemalional Standards on Auditing IUKI {ISAs IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. EMPHASIS OF MATTER- FINANICIAL STATEMENTS PREPARED ON A BASIS OTHER THAN GOING CONCERN We draw attention to the Trustees. Report and note 2.2 in the financial statements, which stales that the financial statements have been prepared on the break-up basis due lo the Trustees, intention lo dissolve the charity wilhi the next 12 months due lo the final project finishing. We therefore conclude that the financial statements being prepared on this basis is appropriate. Our opinion is not modified in respect of this matter. OTHER INFORMATION The other information comprises the information included in the Annual Report other than the financial statements and our Auditors, Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except lo the extent othenNise explicitly staled in our report, we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misslatemenls, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required lo report that fact. We have nothing to report in this regard. Page 5
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (CONTINUED) OPINION ON OTHER mAERs PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion. based on the work undertaken in the course of the audit.. the infomialion given in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial slatemenls. the Trustees, Report has been prepared in accordance with applicable legal requirements. MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our knowledge and understanding of the charitsble company and its environment obtained in the course of the audit, we have not identified material misslalements in the Trustees, Report. We have nothing lo report in respect of the following matters in relation lo which Companies Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kept, or relums adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns- or ertain disclosures of TrLJStees' remuneration specified by law are not made- or we have not received all the information and explanations we require for our audit., or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. RESPONSIBILITIES OF TRUSTEES As explained rnore fully in the Trustee5' Responsibilities Slaternenl, the Trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give 8 true and fair view, and for such internal control as the Trustees determine is necessary lo enable the preparation of financial slaternents that are free from material misstatement, whether due lo fraud or emr. In preparing the financial slatemenls, the Trustees are responsible for assessing the charitable company's ability lo continue as a going concem, disclosing, as applicable, matters related to going concem and using the going concern basis of accounting unless the Trustees either intend lo liquidate the charitable company or to cease operations, or have no realistic alternative but lo do so. Page 6
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (CONTINUED) AUDITORS. RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objeclives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from malerial misstatement, whether due lo fraud or error, and lo issue an Auditors. Report Ihal includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misslalemenl when It exists. Misslatemenls can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected lo influence the ecorMiC decisions of users taken on the basis of these financial slalemenls. Irregularities. including fraud. are InstareS of non-compliance with laws and regulations. We design procedures in line wlh our responsibilities. oulined above, lo delect malerial misslalemenls in respecl of irregularities. including fraud. The extenl to which our procedures are capable of delecling irregularities. induding fraud is detailed below.. We have considered the nalure of the sector. control environmenl and financial performance: We have considered the resijlls of enquiries with management and Irustees in felalion to Iheir own idenlificalion and assessment of the risk of irregularities within the enlity., We have reviewed the documentation of key processes and conlrols and perfomed walkthroughs of Iransaclions lo confimi that the systems are operating in line with documentation., We have considered the matters discussed among the audit engagemenl team regarding how and where fraud might occur in the financial slalements and any polenlial indicators of Iraud. As a result of these prccedures. we have considered the opwrtunilies and incentives that may exist within the organisalion for fraud and identified the highest area of risk lo be in relation lo income recognition. with particular fisk in relation lo yearend cul off. In common with all audits under ISAS IUKI we are also required lo rform specific procedures lo respond lo the risk of management override. We have also obtsined an understanding ol the legal and regulatory frameworks that the Charity operates in. f{using on provisions of those laws and regulations Ihal had a direct effect on the delefminalion of material amounts and disclosures in the financial slalemenls. The key laws and regulations we considered in this conlexl included the Charities Act 2011, Charity SORP 2019, FRS 102 and the lems and conditions attaching lo material grants received by the Charity. In addition. we considered the provisions of other laws and regulations that do nol have a direct effect on the financial slalements bul compliance with which may be fundamental lo the Charity's ability lo operate or avoid a maleria&fftylly. These included Maritime Law. Environmental Law and compliance wth the Natural Environment Research Council INERCI H&S framework. Our predr&S lo respond to risks entifIed included the following.. Reviewing the finanal stslemenl disclosures and lesling lo supporting documentation lo assess compliance with provisions ol relevant laws and regulations descritd as having a direct effect on the financial statements., Perfomiing analytical procedures lo identify unusual or unexpected relationships that may indicate risks of material misslalemenl due lo fraud.. Reviewing b)ard meeting minutes., Enquiring of management in relation lo actual and potential daims or liligalions., Perfomiing detailed transactional testing in relation lo the recognition of income. specifically grants with a particular focus around yearnd cul off., and In addressing the risk of fraud through management override of controls, lesling the appropriateness of journal entries and other adjustments., assessing whether the judgments made in accounting eslimales are indicative of potential bias: and evaluating the business rationale of significant transactions that are unusual or outside the normal course of business. We also communicated identified laws and regulations and potential fraud risks lo all members of the engagement team and remained alert lo possible indicators of fraud or non.compliance with laws and regulations throughout the audit. Page 7
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (CONTINUED) As a result of the inherent limitations of an audit, there is a risk that not all irregularities, including a material misstatement in financial statements or non-complian with regulation, will be detected by us. The risk increases the further removed compliance with a law and regulation is from the events and transactions reflected in the financial statements, given we will be less likely lo be aware of it, or should the irregularity occur as a result of fraud rather than a one-off error. as this may involve intentional concealment, forgery. collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at.. www.frc.or .uklaudilorsres onsibililies. This description forms part of our Auditors. Report. USE OF OUR REPORT This report is made solely to the charitable companls members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitsble companls members those matters we are required to slate to them in an Auditors, Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and ils members, as a body, for our audit work, for this report, or for the opinions we have formed. Pamela Tuckett FCA DChA {Senior statutory auditor} for and on behalf of Bishop Fleming LLP Chartered Accountants Stalulory Auditors Sall Quay House 4 North East Quay Sullon Harbour Plymouth PL4 OBN Dale= 2 November 2021 Page 8
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021 Restricted funds 2021 Total funds 2021 Total fLJnds 2020 Note Income from: Charitable activities 41,765 41,765 6,164 Total income 41,765 41,765 6,164 Expenditure on: Charitable activities 89,441 89,441 10,551 Total expenditure 89,441 89,441 10,551 Net movement in funds {47,6761 {47,6761 14,387) Reconclllatlon of funds: Total fLJnds brought forward Nel movement in funds 47,676 {47,6761 47,676 {47,6761 52,063 14,387) Total funds carried forward 47,676 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 11 to 17 form part of these financial statements. Page 9
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEEI REGISTERED NUMBER.'02563736 BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note Fixed assets Current assets Debtors 87,059 87,059 Creditors.. amounts falling due within one year 10 139,3831 Net current assets 47,676 Total net assets 47,676 Charity funds Reslricled funds 47,676 Unrestricted funds Total funds 47,676 The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordan with the provisions applicable lo entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. DrGRi Dale- October 2021 The notes on pages 11 to 17 form part of these financial statements. Page 10
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 GENERAL INFORMATION Sir Alister Hardy Foundation for Ocean Science Icompany number 025637361 is a charitable company limited by guarantee, reigstered in England and Wales. Ils registered office is The Labralory, Ciladel Hill. Plymouth, Devon, PL1 2PB. During the year, ils principal operation was the managing of Continuous Plankton Recorder Survey. ACCOUNTING POLICIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities prep8ring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. Sir Alister Hardy Foundation for Ocean scien meets the definition of 8 public benefit entity under FRS 102. Assets and liabilities are initially recognised at historic81 cost or transaction value unless otherwise staled in the relevant accounting policy. 2.2 GOING CONCERN The financi81 statements have not been prepared on the going concern basis. This is due to the final remaining project corning to an end during the year and the company now dormant. No reslalemenl of any balances is required. The directors have considered all available information and are confident that 811 liabilities will be met as they fall due. 2.3 INCOME Al income is recognised once the Company has entillemenl to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 2.4 EXPENDITURE Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefits lo a third party, it is probable that a transfer of economic benefits will be required in settlement 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 total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs. Al expenditure is inclusive of irrecoverable VAT. Page 11
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ACCOUNTING POLICIES (continued) 2.5 TAXATION The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finan Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempl from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. 2.6 DEBTORS Trade and other debtors are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 2.7 LIABILITIES AND PROVISIONS Liabilities are recognised when there is an obligation al the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of Ihe settlement can be estimated reliably. 2.8 FINANCIAL INSTRUMENTS The company only has financial assets and financial liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised at transaction value and subsequently measured al their selllemenl value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 2.9 FUND ACCOUNTING Restricted funds are funds which are lo be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each reslricled fund is set out in the notes lo the financial statements. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed lo be reasonable under the circumstances. Critical accounting estimates and assumptions.. The company makes eslimales and assumptions conceming the future. The resulting accounting estimates and assumptions will, by def1nilion, seldom equal the related actual results. There are no estimates and assumptions that have a significant risk of causing a material adjustment lo the carrying amounts of assets and liabilities. Page 12
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 INCOME FROM CHARITABLE ACTIVITIES RgStri¢tgd funds 2021 Totsl funds 2021 Deployment of CPRS & Analysis of data 41,765 41,765 Restricted funds 2020 Total fLJnds 2020 Deployment of CPRS & Analysis of data 6,164 6,164 Page 13
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ANALYSIS OF EXPENDITURE BY ACTIVITIES A¢tivitigS undertaken directly 2021 Total funds 2021 Charitable activities 89,441 89,441 Activities undertaken directly 2020 Total fLJnds 2020 Charitable activities 10,551 10,551 ANALYSIS OF DIRECT COSTS Total funds 2021 Total fLJnds 2020 staff costs 9,285 1,266 Towing, freight and other CPR costs Donatson lo the Marine Biological Association 89.441 89.441 10,551 AUDITORS. REMUNERATION 2021 2020 Fees payable lo the companls auditor for the audit of the companys annual accounts 2,050 Fees payable lo the companls auditor in respect of.. Non-audil services 1,550 Page 14
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 STAFF COSTS 2021 2020 Wages and salaries 9,285 9,285 The average number of persons employed by the company during the year was nil12020'. nil}. No employee received remuneration amounting lo more than £60,000 in either year. TRUSTEES. REMUNERATION AND EXPENSES During the year. no Trustees received any remuneration or other benefils12020- £NILI. During the year ended 31 March 2021, no Trustee expenses have been incurred12020 - £NILI. DEBTORS 2021 2020 DUE WITHIN ONE YEAR Amounts owed by parent Prepayments and accwed income 13,395 73,664 87,059 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Accruals and deferred income 39,383 Page 15
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 11. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 31 March 2021 Balancg at 1 April 2020 Income Expgnditurg RESTRICTED FUNDS Atlanlos 47.676 41,765 189.441) Restricted Funds Atlantos This represents funding received and expenditure against the Atlantos research project. STATEMENT OF FUNDS- PRIOR YEAR Balance al 31 March 2020 Balance at 1 April 2019 Income Expenditure RESTRICTED FUNDS Atlanlos 52,063 6,164 110,5511 47,676 12. SUMMARY OF FUNDS SUMMARY OF FUNDS- CURRENT YEAR Balance at 31 March 2021 Balance at 1 April 2020 Income Expenditure Reslricled funds 47,676 41,765 189,441) SUMMARY OF FUNDS - PRIOR YEAR Balance al 31 March 2020 Balance at 1 April 2019 Income Expenditure Reslricled funds 52,063 6,164 110,5511 47,676 Page 16
SIR ALISTER HARDY FOUNDATION FOR OCEAN SCIENCE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Total funds 2021 TOTAL ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Reslricled funds 2020 Total funds 2020 Current assets Creditors due within one year 87,059 139,3831 87,059 139,3831 TOTAL 47,676 47,676 14. RELATED PARTY TRANSACTIONS During the year a donation amounting lo £89,441 was made lo the Marine Biological Association of the United Kingdom, a linked charity. At the year end a balance was owing lo the Marine Biological Association of the United Kingdom amounting to £nil12020: £13.3951. 15. CONTROLLING PARTY The Charity is controlled by the Trustees. Page 17