## ## |||||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|