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2021-03-31-accounts

P~e
Legal and Administrative Details
Trustees' Report 2-10
Report ofthe Independent Examiner
Statement ofFinancial Activities
(Incorporating
an Income		 and Expenditure Account) 12
Balance Sheet 13
Notes and Accounting Policies 14-21
Summary ofcosts and resources expended

The Shark Trust's purpose is to safeguard
the future ofsharks, skates and rays through
positive change.
We achieve
this through
science, education,
influence
and action.
We work globally to improve the conservation
status ofsharks, skates and rays by advocating
for political change.
And generating
collective sation to support our goals.
The Shark Trust Memomndum
ofAssociation (1997)defines the folloviing objects for which the Trust was
established:
l.
Advancing
the conservation ofsharks, rays and chimaeras
and their natural
environment
in the United Kingdom,
European and International
Waters.
2.
Tormse public awareness ofthe threats to these species and their natural
habitat and to promote and disseminate
research mto their eulogy and life history.
We deliver our conservation
plan with an awareness ofthe Charity Commission's
genera! guidance on public benefit
as we plan and deliyer our activities. In particular,
the trustees consider how goals and priorities contribute to the
delivery ofour public benefit obligations
and how evidence ofour impact can begathered.
We believe that positive change is realistic.
We have avision ofafuture where sharks, skates and rays thrive within a
globally
healthy
marine ecosystem.
For sharks this can only be realised when:
1.
Threatened
species are afforded pnitections,
and action plans are developed
and implemented
to ensure
population
recovery,
2.
Firming bans are universally
adopted, and all sharks are landed with Fins Naturally
Attached toease enforcement
and support data capture.
3.
Scienufically
determined
precautionmy
catch limits, enabling
stock recovery, me established
and enforcetL
4.
Bycatch mitigation
measures
are successfully
implementaL
5.
Responsible,
usnsparent
and traceable supply chains ensure that trade doesn't undermine
sustainable
practice or
drive IUU fisheries.

Performance - (continued).
2. Develop the global profile ofthe Shark Trust and its activities, lq',
~Strengthening
the position as aglobally recognised
leader m science-based
shark
consefvauotl
.Planning
and delivering
effective public campaigns
to support conservation
ptogrammes,
Creating innovative
cinzen science oppornuuties
to expend reach and diversity of
engagement,
'Continually
reviewing
and enhancing
the online presence ofthe Shark True and
.Leadinn the sector in developing
massaging
and target outcomes for specifi audiences at
national
and international
scales.
3. Secure finance to ensure sustainable
gmwth ofthe Shark Trust, by;
Prudently
plmuung
and manayng
finances
Maintaining
and enhancing
income tinoug(t amixed portfolio ofincome generation
activities,
finanpitd
support to advance delivery pfconservation
actions, and
~Investmg
in skdls to support adiverse and spectalised
team.
Progress and Achievements
ia 2020-21

Chal lenge I:Prutecfiag vulnerable
shark and ray speci		 es
Key credentials:
~ Actively engaged
in the CITESprocess - advocating
enforcement ofCITEStrade regulations;		 for listing ofshark species and
~ Cooperating
Partner tothe sharks Memorandum
ofUnderstanding
(MoU) on the
Conservation ofMigratory
Species (CMS) —pmticularly
advocating
for the effective
implementation
ofexisting listings
~ Lead Partner on the Eastern
Atlantic and kfedtterranean		 Angel Shark Conservation Strategy
—coordinating
action in the Mediterranean
to develop an		 action plan for the 3species of
Critically Endangered
angel shark in the region.
~ Lead partner
in the coordination
and development
ofthe Mediterranean		 Angel Sharks:
Regional Acton Plan.
~ Domestic Wildlife listings
in UK devolved
administrations;		 coordinating partner
in securing
national prohibited
species listings beyond the UK.
Highlights
2020-21
Securing funding to establish aprogramme ofwork for Guitarfishes in the Mediterranean
Successfully
delivering aseries ofvirtual workshops		 for angel sharks in the Mediterranean,
despite the constraints ofCOVID.
Engagement
in Flapper Skate Working Group
Reinvigoration
ofthe Basking Shark Sighting Database with analysis		 underway
by Statutory
Agencies.

TI+SI~1~~ TI+SI~1~~ TI+SI~1~~ TI+SI~1~~ TI+SI~1~~
LIMITED BY GU TEE
STATEMENT F FIN CIAL ACTIVITIES
IN ING E P C
YEAR N D IS 112 2
Unrestricted 2021 2020
Restricted General Total Total
Notes Funds
f		 Fund Fands Fundsf
Incoming resources
Gifts and donatiom
Donations, gills and sponsorships 173,250 173,250 163,103
Other Grants 176,539 8,165 1S4,704 336,592
Activities in furthermce ofthe charity's objects
Adoption fees received '7,429 21,902 29,331 25,325
Subscriptions 67,215 67,215 56,455
Activities for generating
funds
Saleofgoods and sundry income 1,185 1,185 10,720
EEAConference
Consultancy
fees
Investment
income
Bark interest receivable 954 954 568
Coronavirus
support income
HMRC JRSScheme 3,617 3,617
Local authority
grants		 10,100 10000
Total incoming resources 183968 286288 470256 502763
Resources Expended
Direct charitable
expenditure		 4 143,860 176,460 320,320 361,964
Fundraising
and publicity		 5 6,712 6,712 15,721
Management,
governance		 and
administration
ofthe charity		 35,579 35,579 34,493
EEAConference Costs
Total Resources Expended 7 143,860 218,751 362681 412,178
Net Incomiag Resonrccs for the year before transfers
-Net (dettcit)/income
for the year		 3 40,108 67,537 107,645 180,585
Transfers
Gross transfers between funds 14 0 0 0 0
Net movement
in funds		 40,108 67,537 107,645 180,585
Reconciliation offunds
Balance broagbt forward at 1stApril 2020 277,092 213,518 490,610 310,025
Fund balance carrie forward at31stMarch 2021 317,200 281,055 598,255 490,610

~AT31 '~AgCCHZ IQ ~AT31 '~AgCCHZ IQ
Notes 2021 2020
8 8
Fixed Assets
Tangible assets 3„750 491
Curreat assets
Stocks 10 2,762 2,762
Debtors 11 6,574 20,145
Fixed Term Investments
Cash at bank, Building Society and in head 390300 486,468
007.702 509,375
Creditors: Amounts falling due within one year 3 ~3397 19 256
Net current assets 594,505 490,119
Total assets less current liabilities 15 3902M 90,0 0
Funds
Total umustricted funds 14 281,055 213,518
Total mstricted charity funds 14 317,200 277,092
Total Funds 598255 490,610

3 Net Incoming Re sourc es
2020
8
The net incoming resources fcrthe year are stated aller charging:
Directors' enmoluments 51,014 49,860
Depreciation
written offtangible fixed assets		 I 742 780
4 Direct Charitable Expenditure
Unrestricted
Rcstricied General Total Total
Fundsf Fundf 2021f 2020
Salmies and consultancy 94,802 104,213 199,015 217,537
Employer pension contributions 7,355 9,202 16,557 17,872
Consultancy 24,074 24,074 18,979
EEAConference stats
Adoption fees 4,190 4,069
Bursaries paid 2,256
Audit fee
Purchases 142 142 8,178
Training and conference fees 34 2,129 2,163
Newsletter,
posters, leaflets and certificates		 5,749 12406 17,955 20,579
Depreciation 1394 1394 624
Other administration
costs		 7676 47,174 54,830 71,870
143860 176460 320320 361964
5 Fund Raising aad Publicity
Unrestricted
Rcstrictcd Gcacral Total Total
Funds Fund 2021f 2020
Promotions,
exhibitions		 and website costs 6,712 6,712 15,721

6 Management, Governance Governance aad Admiaistration ofthe Charity
Unrestricted
Restricted General Total Total
Fundsf Fuadf 2021 2020
Salaries 26,053 26,053 25,188
Employer pension corurlbutions 2,301 2,301 2,221
Staffadvertising
Depreciation offixed assets 348 348 156
Other administrative costs 6.877 6877 6.928
35,579 35,579 34 483
7 Total Resources Expended
Staff Other Total Total
Costsf Depreciation
f		 Costsf 2021f 2020
Direct charitable expenses 215,572 1,394 103,354 320,320 361,964
Fundraising
and		 publicity 6,712 6,712 15,721
Management
and administration
ofthe charity 28,354 348 6,877 35,579 34,493
EEA Conference Costs
243,926 1,742 31*843 362631 4l2, 378
2021f 2020f
Salaries and wages 208,837 224,299
Social Secunty costs 16,231 18,426
Pension contributions paid 18,858 20,093
243 826 262lll8
2021 2020
8 8

9 Fixed Assets
Olfice
Computers FSquipmeat Total
Cost f.
At 1stApril 2020 8,61'I 2,223 10,840
Additions 5,000 5,000
Disposals
At 31stMarch 2021 8,617 7,223 15,840
Depreciatiea
At 1stApril 2020 8,126 2,223 10,349
Charge for year 491 1,250 1,741
Utilised on disposal
At 31stMarch 2021 6,617 3.473 12999
Net book value
At 31stMsmh 2021 3750 3,750
At 31stMarch 2020 491 — 491
10 Stock
2021 2020
Leaflets, posters, goods for resale 2,762 2,762
11 Debtors
2021 2020
8
Amounts
falling due within one year.
Other debtors
Prepaid expenses
Accrued income 6,510 20,081
6,574 20,145
12 Creditors
2021 2020
Amounts
falling due within one year:		 8
Other creditors 5,520 9,640
Social Security and other taxes 3,877 5457
Staffpensions 1,370 1,689
Accnmls and deferred income 2439
13197		 2,370
~19 36

ED3 1S 0
14 Movement
in Foods
Bnhtaee st
~10		 Incomiag Resources Balance at
3~MSbb021
Restricted Funds 8 f, 8
Adoption
fund		 4,356 7,428 (4,482) 7,302
Waterloo Foundation 33,670 (23,119) 10,551
Vulcan CITIES 9,8011 9,808
Basking 1,150 1,746 2,896
Fondation Ensemble 930 930
Eutopean Elasmobrancb Associatioa 6,041 271 H3) 6,299
Disney Conservation Fund 39,120 (9,419) 29,701
McArthur
Foundation		 26 e/03 (164) 26,739
RFMO 2017
LDFoundation 29 29
Outreach 3,703 2,031 5,734
Defra/CEFAS 2,846 1,045 (2,941) 950
Synchronicity
Earth		 81SeaLifeTrust 1,483 (1,238) 245
SOSFGreat Eggcsse Hunt 1,433 3,701 (80) 5,054
SOSFBasking Sharks 995 995
Marks tk Spencw 4,694 4,694
Disney Conservation Fund -Sawfish 308 (35) 273
Great Eggcase Hunt hubs 4,396 2,067 (749) 5,714
Santander Amlesswlors 200 200
EMFF 2,324 9349 (11,673)
John Ellennan 23,578 (11,372) 12,206
SesChangers 875 875
VARDA 2018 29,693 69,186 (26,434) 72,445
SCFAngel Shark 2018 65,347 22,167 (23,991) 63,523
ETT I/I 5 1,215
Disney Year6Angel 11,995 22 (4,088) 7,929
Exeter Unt 9,955 9,955
WLC19 39,500 (22,377) 17.123
Sharks International 2022 15,500 (1,685) 13,815
Unrestricted
Gmeral Fund		 277,092
~213518		 183,968
286288		 (143,860)
~218 751		 - 317200
281,055
490610 470,256 ~362 611 - 598255

Communications
Resemch project
iruo arev
create atool kit for shark educators.
Analysis ofnet assets betweea funds		 iew ofs hark education
dt		 communication to
Restricted Unrestricted
Funds Funds Total
8 8
Fund balances at31stMarch 2021 are represented by:
Tangible fixed assets 3,750 3,750
Current assets
Current liabilities
Total net assets		 323,688
~6,488
~317 00		 284,014
~6,709
281,055		 607,702
~13,197
598,255

2021 2020
1,226

Land dk Land 4k
Buildings Buildings
2021 2020
8
Operations leases which expire
Within I year
Betweea 2 and 5 years 13,944 13944
13944 13,944

Direct Management
Charitable and
Expenditure Admiaistratian 2021 2020
8 8
Cost ofsales
Opening stock
Pwchases
Closing stock		 2,762
142
~2762		 2,762
142
~27627		 2,442
8,498
~2767
142 142 8,179
Office staffsalaries and
National
insurance		 wages 97,793
14,626		 24,448
1,605		 12~41
16,231		 117,588
18,426
Development,
management
and co-ordination		 s 86,595 86,595 106,710
Employer pension contributions
Consultancy
fees
Training and conference fees		 16,557
24,074
2,163		 2,301 18,858
24,074
2,163		 20,093
18,979
EEA Conference
Adoption fees
Accountancy
fees
Pmmotions,
exhibitions,
Newsletter,
leaflets and
Rent
Insumnce		 publicity
certificates		 and website 4,190
3,350
8,432
17,956
14,714
1,057		 839
3,678
264		 4,190
4,189
8,432
17,956
18,392
1,321		 4,069
4,639
16,030
20,579
17,330
751
Repairs and maintenance
Bursaries paid
Telephone		 22,482
1,351		 338 22,482
1,689		 11,617
2,256
1,9l4
Posmge, printing
and stationery
Travel and subsistence
Subscri ptions
Sundry expenses
Depreciation offixed assets
Bank charges		 4,536
144
1,456
1,137
1394
2,882		 805
242
348
712		 5,341
144
1,456
1,379
1,742
3,594		 5,730
27,105
1,385
3,968
780
3,990
327,031 35,580 362,611 412,178