2024-01-31-accounts

mailes Goldie CHAR TERED ACCOUNT ANTS COMPANY REGISTRATION NUMBER: 03513218 CHARITY REGISTRATION NUMBER:1073254 EMIH Limited (A company limited by guarantee) Financial Statements 31 January 2024 *ADD13RQH• 0411012024 COMPANIES HOUSE A15

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.ICAew CHARTEREO ACCOUNTANTS

EMIH Limited Content• Reference and Administrats've Detsils Strategic Report 2to4 Tnjstees, Report 5t023 Statement ol Tru•tees' Re8ponsibllllle8 24 Independent Auditors, Report 25to28 Consalidatad Statement of Financial Activittes Consolidated Balance Sheet 30 Balan￿ Sheet 31 Cons01i(laled Statemenl of Cash Flows 32 Notes to the Financial Statements 33to54

EMIH Limited Reference and Administrative Detalls TN•t• T S E Boanas C C Brown R J Frostick R Furtey B George A W Kifkman S M Lockwood L J Morrell J A Parkes C8E M Tarbotton S•cr•tary N G Porteus Charity Registfatlon Number 1073254 Coffipany R•glstr•tlon Numbor 03513218 The charity is incorporated in England. The Deep 'ngston Upon Hull HU14DP Reglst•Md Office Audltor Smalles Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 88A Sollcltofs Rollits LLP Citadel House 58 High Street Hull HU1 1QE National Weslminster Bank pk PO Box 944 34 ￿ng Edward Street Hull HU13YN 8ank•rn Page 1

EMIH Limited Strategic Report for the Year Ended 31 January 2024 The trustees. p￿Sent their strategic report for Ihe year ended 31 January 2024, in compliance wilh $414C of the Companies Act 2006. Objects and aims As defined in its governin9 documents. the objectives of the charity are: to advance the educational and cultural welfare of the inhabitants of Kingston upon Hull in parb'cular and the community at large: and lo promote the conservalion of marine organisms by establishing in Kingston upon Hull, The Deep aquarium, incorporating an inlematsonal centre of excellence for education, learning and research of ihe rnarine environment. Within the above objectives, the charity's strategy 18 to maintain reserves at a level sufficient io cover the accounting depreciation, to meet ongoing revenue commitments and to continue to invest in the facilities at The Deep so that it can fvlfil its educakn'onal, marine research and conservation objectives to the full. Actlvlty durfng the year Activity during the year was in line wth the company's charitable objectives and it5 performance exceeded the Business Plan assumptions that had been set. The charity's aim is to continue to allract sufficient vlsltors to The Deep so that it can cover Its operatlonal costs and generate suffi'cient resources so that it can conts'nue to maintain its facilits'es, consider their ongoing improvement and be able to support conservation and marine research projects. In terrns of its t3r9ets for the year, ihe charity performed as follows.. Ihe charity exceeded its Business Plan target and was able to attract 458,000 visitors and leamers to The Deep, generating an under￿'n9 net operational surplus (a5 defined in the financial revlew below) for the year of £1.386,960. the charity continued to maintaln its facilitles to a hlgh standard: and the charity continued to support conseniation and marine research projects {both financially and in-kind) to help preser4e elements of our marine environment and to karn more about them. Page 2

EMIH Limited Strategic Report for the Year Ended 31 January 2024 Fliiaiiclal rnvlew The financial results were as follows.. 2024 2023 Chang• Total revenue Total Expenditure add taxation charge excludin9 Depreciats'on (for which capital grant reserves exist) Undertying net operational surplus for the year 9,131,896 9,004,749 127,147 (10.655,8791 (10.637,298) (18,581) 4,548 176.331 1171,783) 2 906 395 2 776 294 130 101 1 386 960 1320,076 66 884 The visitor numbers attracted in each of the Iwo financial years were similar. The group reserves of £26,966,371 {2023. £28,714,805) at 31 January 2024 primarily consisl of capital grants received for the construction of The Deep Visltor Attraction and The Deep Business Centre, expenditu￿ on whiGh has been capitalised and which will be amorti5ed over the useful life or the associated assets, As a charity, the GompanYs Memorandum and Artlcles of Associats'on do nol permit the payment of dividends. Rl¥k revl•w The directors have discussed the major risks to which the charity is exposed with the officer management team. jointly developing systems to mitigate those nsks. Furthemiore, a strategic plan ha5 been developed In lemis of external risks and iniemal risks are minimised by the implementation of procedures for the authorisation of all transaclions and to ensure con81Stent quality ol delivery for all operational aspects of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs ol the charity. Prlnclpal r18k8 and uncertalnties Whilst the group is exposed to price. credi( liquidity and inveslrnent risks, these are only Minor risks lor the company. Page 3

EMIH Limited Strategic Report forthe Year Ended 31 January 2024 Price Risk At the start of each financial year, the group reviews Its budget for the coming y83r, sets Its expectati<)ns of visitor numbers and sets ils admission prices to cover its forecasied expenditure. Cornpared to other nab'onal attractions, The Deep's current admission charges remain very competitive. Credit risk The majority of the group's income is received at the point of sale and so poses no credit risk. The exeepts'on to Ihis is the income from tenants of The Deep Business Centre. However, all tenants are subject to external credit checks as part of their lease negotiations and are subject lo ongoing credit checks. Furtherrnore, a deposit is taken from all tenants at the outset and rent is required lo be paid in advance of the period to which it relates. Liquidity risk The group retains sufficient cash lo ensure that it ha5 sufficient available lunds for operats'on5. In August 2020, the trading subsidiary company within the group (Running Deep Limited) entered into a Coronavirus Business Inlerruption Loan Agreement with ils bankers for a maximum facility of £700.000. As at the date of signing these accounts, none of the loan has been utilised and £315.000 of il has been repaid. Investment risk Any surplus cash that the group ha8 available is invested with rts bankers. Such investment8 include only cash balances earning interest at fixed and vanable fates. The company does not use denvative financial instruments. 8y order ol the Board 6 P..4.- N G Porteus Company Secretary 20 September 2024 Page 4

EMIH Limited Trustees, Report The trustees present the annual report toqether wilh the finanaal statemenls and audrtors, report of the charitable company for the year ended 31 .laniiary 2Q24. Our purposes and activitles for the publlc benofft EMIH Limited is an educational and environmental charity that is based at The Deep Visilor Altraction in Kingston upon Hull, UK. The Deep Visitor Attraction land the work of the charity more widetyl is available lo all, without restriction. Whilst there is a need to charge visitors for entry to The Deep Visitor Attraction to cover lis running costs and to generate resources for the charity's marine research and conseNats'on work, in an eiyort io ensure that admission prices are not an obslacle to attendance, the charity sets prices lo cover its medium-lerm operating costs, rather than to maximise incorne. For the period under review, the admission pnces for The Deep were £19.75 for an adulL' £15.50 for child; and £18.75 for seniors and students, with chlldren under 3 and essential carers visiting for free. Not only are these prices lower than other similar attractions, more importantly, these prices allow free admission (subject to terms and condib'ons) for up ta 360 days per year which, at the extreme, equales to an entry cost of 5p per visit. The charity has adopted this Pficing structure both to provide excellent 'value for money, to its visitors and to ensure that visitors can vlsll again and again to help maximise the absorpbon of its educatsonal and environmental content. The Deep charity has demonstrated 51gnificant achievements in rnarine conseryation, specles breeding, charity SUPPOrt, research. animal husbandry, education, community involvement, sustainability, and strategic partnerships. These efforts reflect a commitment to marine conservation and biodlver￿ty recovery in 5UPPOrt of The Deeps mission statemenl.. 'To create a deeper understanding and enjoyment ol the wortds oceans and inspire positive change for their survivar Campaignlng.. The charity campaigned for MCZS around the UK coast, leading to the Marine 8111 in 2010. NetGain Project.. Established by Thé Deep to deliver the largest MCZ project from Scotland to the River Thames. Support.. Partnered with Yorkshire Wildlrfe Trusvs Living Seas campaign to promote rnarine reserves. SpeGies'. Successfvlly bred Bluespotted Ribbontail Rays, Blue Poison Arrow Frogs, Milk Frogs, Golden Mantella, Jellyfish, Ballan Wrasse, Zebra sharks, Gentoo penguins, Dwarf Gecko'5, Seahorses, native stingrays, native 8ulhuss sharks Programmes". Coordinated European Studbook for Sawfish and participated in various breeding programs lor endangered species. • SupporL Donates tank-reared 5urp5us to suitable BIAZA facilities. Chari ort Partnerships: Supports Marine Conservation Society, Yorkshire Wildlrfe Trust, Galapagos Conservation Trust, and Shark Trust and rnany more complimentary organisalions. Page 5

EMIH Limlted Tru8tee8' Report Campaigns and Events.. Involved in beach cleans, anti-finning legislab'on, and sustainable lobstsr fishing. Project Penguin: Fundraised for conservation and research prajects in the Galapagos and South Africa, • Sea Turtle Rehabilitation: Partnered with New England Aquarium to ￿habIlItate cold-shocked sea turtles in Boslon, USA. • IUCN Penguin SSG: Significant funding for the IUCN penguin specie5 suNival group, facilitsting an internatK)nal meeting to create conservats'on priorities for all penguin species and a global cOnSe￿8￿.0n slfategy.. Intemational Projects.. Involvement in satellite tracklng of Green Turtle5. Sea lion conservation, Great White Shath behaviour studies. coral reel research, and marine species DNA samplin9. Innovative Projects.. Oeveloped sustainable venom extractlon methods and collaborated on varlous marine conservation proJects wortdwide. .• IUCN Red Lists'ng.. Facilitated the assessment of marine specie5 for the Red List of Threatened Species. Spearheading global aquarium support lor red listing, informing legislative conseNalion action. • Breedlng research.. A lead role in a mutti partner research initiative to ¢omplote the Ilfe cycle of tropical marine species, named the SNAP project. Technical primacy.. Designed and built severdl bespoke non-invasive shark capture devices to enhance welfare during routine exarninabon of shark species & or emergency capture. Best Practices.. Published and pregented infomiats'on on anlmal husbandry, trained sLqff from other organizatsons, and provided public advice, consulted on the draft Secretary of State Standards for Modern Zoo Practice document. Rescue Operations: Collaborated with ZSL and RSPCA to re•horne seize(l animals. • Sustainability.. Developed sustainable food sourong and installed a successful denitrification system in the main tank. 8uilding sustainabillty into dally operatlons. Ed Student Projects.. Hosled Msc and Bsc student project5 and summer internships annually. University Collaboration.. Taught undergraduate IUCN Red Listing module. Animal Behaviour module and sat on the University of Hull's Animal Welfare Ethical Review Body. Exhibition content.. Collaboration with academrc experts to design new exhibition content. ensuring relevant and accurate STEM content, .lfivolvement. Campaigns." Led the Bi9 Fish Campaign and supported the Shark Trusvs 'No Limits?, campaign. Page 6

EMIH Limited Trustees. Rep'ort ,• Local Conservation.. Member of the Tansy Beetle Action Group and supported native conservation projects. Plastic Reduction-. Participated in Ihe 'One Less. campalgn to reduce single-use plastic bottles and created an exhibit to raise awareness about marine litter. Removed all single use plastic products from our site. • Sustainable palm oil.. Spearheading a regional adoption of RSPO, hosling multiple infomiation events and signing different sectors up to responsible 80urcing. Sustainable Purchasing: Committed to sustainable aquarlum food, catering supplies and companywide materials. •. Plastic Waste Reduction: Phased out single-use plastic bottles and cornp05ted café waste. Wasle Management: Ensured no waste goes to landfill and engaged the publlc about climate change through exhibitions. Energy Efficlency: lrnproved building management and aquakn'c lile support systems to reduce energy usage and carbon footprint. Significant investment in infrastructure to enable a lower carbon footprinl, including replacement boilers, chillers and pumps and upgrade solar energy capability. ., Exhibition Space.. Dedicated space to local biodiverslty conseThation initiatives in collaboration with Yorkshire Wildlrfe Trust and Orsted. Renewables Sector.. Collaborated with SSE on biodiversity monitoring technology. Academic Relationships.. Expanded research efforts wilh the University of Hull and other institutions. Remote Engagement.. Offered dlgilal tours and lectures ta thousands of school children, expanding accessibility. • New Partnerships.. Sought new relationjhlps with saciors and industri•8 Sharing a commltment to sustainability and biodiversty recovery. Content renewal: A continual programme of renewal ensuing that The Deeps visitor offer rernains attracts've. This indudes investment in new living exhibition. interactive educational tools and the adoption of new technologies to engage and inspire. Page 7

EMIH Limited TN8tees' Report Formal and informal learning is at the heart of all The Deep's activrtie5 and outputs. The Deep embraces STEAM (Science, Technology, Engineefin9, Arts and Maths) education lopics in order to provide accessible learning opportunities and engage diverse audiences and attract typical non enga9ers to the subject of marine conserrfation. Formal leaming takes place In tr40 bespoke education rooms withln The Déep's L•arning Centre. Qualified teachers provide a choice of workshops covering the full range of key siages from pre-school and into tertsary education as well as bespoke sessions for SEND students. Workshop content and delivery is supported by Marine Biologists from the Husbandry department for higher level content and delivery. Schools and groups taking part in the workshops benefit from heavity subsidised entry lo The Deep with, in effect, the fonnal education workshops provided free ol charge. Workshop sessions are designed to be 'hands on, using resources and learning tools that are not available in a normal da5sroom environmenL Workshops are regularly reviewed for quality, current and relevant content, with new topics bein9 added (or removed) as deemed appropriate. In 2023124 a total of 17,760 students participated in a workshop at The Deep. The most popular topics requested during the year were conservation and habitat-based {for secondary and tertiary education) which ￿flect and support changes in the National Curriculum. A new towc of Sea Grass was developed and added to the workshop lisL This reflected The Deep's involvement with local sea grass restoralion and the importance of Sea grass habitats for caTbon sequestration. Additlonal workshops on dlmate change, ocean acidifrcation and polar habitats were created. Chlld Dynamix: Welcomed Child Dynamix for an employment-focused educatlon session with their NEET students (Not in Education. Employment, or Training). Students invegtl9ated the wide range of roles at The Deep and took the opportunity to ask member5 of our Crew about their employment history and skills. They also enjoyed a self%uided tour of the attraction, a behlnd-the-scenes visit and engaged in 'Secret Shopperf experience. Many have since enquired to join The Deep's Work Experlence Programme or have applied for Some ol our advertised part-time vacancies. Ganton School: Supported Ganton School's Chop & Change scheme, which helps young people wilh severe learnin9 disabilitie5 into employment, particularly Food & Beverage. Members of The Deep's Food & Beverage team have provided as5islance with these siudents, Showing them skills in cooking, food preparats'on, plating and recipe inspiration. Their meals have then been Served at events both on and off-site, wilh support from our Crew. Home Educator Days: Welcomed 230 children across hvo Home Educator Days, themed on polar regions and the Holderness coastline. Loan Boxes". Loaned 131)Dxes out lo schools across 20 weeks. Science Club.. After School Immersive Learning session5 continued to welcome students 'after Schoof, wilh subjects of Adaptation, Classrfbcation and ConseNation engaging students in science. 84 Ghildren took part in Science Club. Page 8

EMIH Lirnitod Trustees, Report Informal Learnlng: Inlomial learning outputs are diverse and exiend to all infomation delivered within the exhibrtion through a range of different media. In addition, The Deep's Guiding team (alongside the Education team> provide interpretation to visitors through presentats'ons. demonstrats'ons, workshops, vlrtual sessions, crafts, Out￿a¢h, career guidance and work placements. Special events throughout the year also deliver informal education and leaming outputs are measured where possible. Informal learning through our exhibition, events and cultural outputs during the year induded: Maml>o Jambo: Welcomed acoustic roots duo. Pete and Frankie, for bNo weekend workshops. These sessions encouraged visitor5 to create oceaTrthemed rnusic using body percussion and rap. BIAZA Zoo Tale•: Launched in alignment with World Book Day, The Deep supported this campaign by sharing our baok recommendations with visitors, and $pollighted educational books from local aulhor5 in Our Oeepartment slore. Art Exhibition: Launched a brand-new art exhibiti'an in our third floor gallery space, working with South African artist, Jessica Eggers. The exhibition includes eighteen pieces of pen and ink marine-themed artwork., tsvo ol which were bespoke, commissioned pieces that were inspired by species from our newly revarnped Cool Seas exhibition. Cool Se•8: Funded by the Biffa Award through Ihe Partnership Grants Scheme. The Deep revamped the Cool Sea area into a brand-new exciting and innovatNe exhibition space. Re￿Pened in time for the Easter holidays, the new Cool Seas gallery celebrates our local coastline and freshwater habitsts. Featuring an interactsve sandpit, virtual rockpool and wave wall, the space has been hugety popular with visiloTS across the past year. Artist In Residence: Worked with multsmedia arts'st, lona Scott aka Dlgcosphaera, on colourful 3D plankton models to be displayed in Endless Ocean a5 part of the revamped Cool Seas exhibition. These three sculptures. through visual and sen50ry experiences, help to shine a light onlo phyloplankton and raise ewareness. Th•me8 Presented during the School Holidays: February half-temi - Turtle Hospital Easter- East*r Coast Explorats'on April & May Bank Holidays - Royal Reef May haff-temi - H20 Heroes Sumrner- Sea & Spa October half-temi - Wonderful Wind Christmas-'Ice to Meet You Page g

EMIH Limited Trustees. Report Sup•r S•agrn8s W••k•nd: Worked alongside the team at Yorkshire Wildlife Trust to deliver a weekend seagrass event. Visitors helped make hessian seagrass bags ready for planting at Spum Point, helping to support their cOnser￿ation work in restorlng seagrass meadows to the Yorkshlre coastline. Other ath'vities included face-painting and guide4ed presentations. Dive D•ep•r: H05ted an evenlng of relaxed and InfarTnal talks based around the theme of Science & Discovery in the Polar Regions. Welcomed five speakers with experience from 8cross the polar regions. presentations included hearing from those living and working in Antarctica, polar astronomy and a live Zoom masterclass on filming Ki the cold. Naomi Chapman & Cath Wall•r: Welcomed Naomi Chapman from The Polar Museum, Scott Polar Research Insiitute and Cath Waller from the University of Hull tc deliver storytelling activities across a weekend as part of Polar FesL Visitors engaged wilh hands-on props and tacb'le activities. Humb•r STEM 2023= Attended two events hosted at Craven Park. welcoming local primary and secondary schools with the aim to inspire future generations on career opportunities in STEM. Space Dome Experlenc•: Welcomed the team from E.A Milne Centre for Astrophysics at the University of Hull with Iheir infiatable science dome lor a one-off, public event hosted at The Deep. This sold out event saw visitors stepping into an inflatable dome for a 20-minute Immersive presentab.on on outer space,. they were also able to enjoy relaxed, additional acts'vities hosted ty our Guides, and Ihe bar was open serving drinks and snacks. In addition. we welcomed Aim Higher and the Hull & East Riding Nab'onal Aulistic Society for Iwo accessible preview sessions, free af charge. Work Experfence: Welcomed 25 students from school years 10 to 12 for our popular Hospitality. Leisure and Tcudsm work placements. These sludenls from local schoo15 and colleges engage in a fange ol responsibilities across multiple departments within The Deep, including EduGation, Retail, Gurdes, Reception, Food & Beverage, and Markets'ng. In addition, The Deep's Education team mentored a trainee teacher from Leeds Trinity University during a Iwtrweek placement, helping them lo galn experience of an aftemalive learning environment. A further 20 students tod( part in Aquarist work placements. 11 of who becarrt Aquarist volunteers working 1 day per fortnight (after completing week's WOFk placement first). J•ltyll$h Muslc: Worked wilh t¥vo music students from the University of Hull, who composed four ple￿$ of tranquil music to be played in our jellyfish exhibits'on. This has added a calming atmosphe￿ to the new space, and has been well received by visitors. Page 10

EMIH Llmited Trustees, Report Scle Int•m•tlonal S•wflsh Day: Hosted a five4ay sawfish-themed event in celebration of Intemational Sawfish Day. This included delivering sawfish-specific talks and artefact-handling sessions to visitors, as well as offering hands-on craft aclivib'es and our popular 'sawfie' 8talion for pictures. Lincolnghlre Chalk Streams Project.. Partnered wth the Lincolnshire Chalk Streams Project. helplng to protect a tlny fresh water bryozoan known as the Crystal M05s animal, (Lophopus crystallinus); currently thought to be endange￿d. The project aims to identify the ecological requirements of this bryozoan species in order to support the successfvl Iranslocation of colonies of slatoblasts from a Blow Well donor site to establish new populations at equally suitable Blow Well receptor siles. The Deep is using its expertlse in water analysis to conth'bule to this important local initiative. Trade Show•,. Attended the Miller Food Service and Henry Colbeck Trade shows to talk to other organisations about the Hull & East Yorkshire sustainable palm oil campaign. Both events were a success and helped increase awareness. Sustainable Palm 011 Ch•mplons'. Welcomed five oryanisations as champions for sustainable palm oll in Hull & East Yorkshlre. This includes both Hull City Council and the East Riding of Yorkshire Council. as well as Mr Chippy York, Miller Food Ser￿iCe and Cranswick Foods. These oryanisations have all pledged and made commilmenl to only sourcing products that contain sustainable palm oll going forward. Suslalnabl• Palm Oil Workshop.. Hosted a sustainable palm oil workshop. presented in partnership wlth representatives from Chester Zoo, Murdoch Associates and AAK. Local organisations were invited to find out more about the campaign; M&S and John Lewis were in attendance. Natural England: Collaborated with Natural England's Hidden Seas programme lo create an interactive initiative showcased on our augmented sandpil. This immersive blend of tactile and digital experlences focuses on the crucial task of removing plasts'cs from the ocean. Our contribution alons with Nalural England's overarthing goal of engaging individuals with natu￿, fosterin9 a deeper connects'on wth coastal environments and Ihe natural WgTId, Tansy Beelle Actlon Group ITBAG): Continued to volunteer in the TBAG, as a liahon and sutveyor on behalf ol BIAZA. 2023 saw some impressive, record results,. the annual survey. carried out by volunteers, revealed a population e51imate of 91,000 endangered tansy beetles - nearfy double the previous highest estlmate of 46,000 back in 20161 BIAZA Spotted on Site 8loBlltz W•ekend'. Particlpated in 8IAZA's 8i081itz Weekend in support of thelr Spotted on Site carnpalgn. Our Crew used the iNaturalist app to record native species found around The Deep's site and the city of Hull, for easy to Use data which feeds into projects across the UK, Europe, and the world. Page 11

EMIH Limited Trustees, Report Clty Nature Challenge.. Participated in the City Nature Challenge 2023 for Hull, which took place al Aldeman Kneeshaw Park and was organised by the Hull & East Yorkshire Ecological Daia Centre {NEYEDC). Over 4,100 wildlife obser¥ations were recorded, with 851 different species spotted. Euro 8loBlllz 2023". Engaged In the Euro BioBlitz 2023 campaign, a European initi'ative to collect information al)out the wildlife flourishing in our local areas. Across Europe, in just 48 hours, 64,397 records of wildlife were rnade, which ha$ helped ta shape conservakn'on efforts and support scientific research. UK Tighten8 Law on Sharf( Fln Act.. Shared the news via social ffledia and our website that the Shark Fin Act was passed into UK law. This new law ha5 reinforced the existing shark finning regulations, and tmportantly helped to mark major step for the UK in global shark conservation efft)rts. The Shark Tru•t'• Blg 8harf( Plodg•: Signed the 8ig Shark Busine55 Pledge, The Shark Trust's largest campaign to date. Helped Sp￿ad Ihe word of their misslon to secure th• future lor high-seas sharks on $o¢ial media. BIAZA Jollyll8h Fi•ld Workshop,. Led the second BIAZA Jellyfish Focus Group field research trip. Chaifed by The Oeep, the Jeltyftsh Focus Group is a collecllon of professional jellyf15h Aquarists from zoos and aquarlums across the UK.. the overaching goal is to increase knowledge of jellyfish husbandry. share information and undertake research projects. Husbandry Supervisor, Tom, alongside Aquarists from The National Marine Aquaiiurn INMAI, Liverpool Museums, and Scarborough, London, Bnghton and Hunstanton Sealile Centr95. spent Iwo days off the coast of Pembrokeshire in the Celts'c Sea. The alm was to find and take tissue samples from our nats've UK Jellyfish species, allowing u5 in the futu￿ to study these species more closely. National Whale & Dolphln Watch.. Raised awareness on soaal media of the National Whale & Dolphin Watch, organised by Sea Watch Foundation. This annual avent helps gather important data about whales. dolphins and porpoi8e8 around the UK. The Compass.. Projected 'The Compass, onto Ihe side of our building as part of the Humber Science Festival. 'The Compass, was an awe-inspiring spectade that seamlessly blended siory. sound. and light to redefine how we perceive scientific research and ils profound impact on our lives. Humber Sclenc• Festival: Attended the University of Hull's Humber Science Festival event, with plenty of seagrass-themed activities for vlsitors to engage wbth. Page 12

EMIH Limited Trustees. Report Nèw England Turtle Rescue: Assisted the leam of volunteers at New England Aquarium in the USA In re5culng cold-slunned sea turtles found stranded on Cape Cod's beathes; this phenomenon occurs annually with the changing season as the temperature begins to cool in autumn. The main species found stranded was the critically endangered Kemp's ridley sea turtle. Other species rescued included the vulnerable Leatherback turtle, the endangered Green turtle. and the vulnerable Loggerhead turtle. Two of our Aquarists. Helena and Rich. helped the team rehabilitate these turtles and facilitated their gradual retum to a stable, warm condition. Reseafch Prolects Ilnthou6e)". "Habit8t assessrnent and water qualty analysis of the chalk Stream Lincolnshire Blow Well habitat for potential translocation." Research Projacts Icollaborative): Worked with Royal Holloway University of London and the Helmholtz Institute on Functional Manne Biodiversity in Germany.. "How ocean5 are curated by aquariums through a vanety of processe5, animal care. technologies and affects.. 8nd how oceans encOUnte￿d by various publics in 8qu8nums. through immersive visitor experienc8s' whirh is a British Academy funded study. Student Projects: Worked with students from the School of Psychology and Social Work at the University of Hull on.. 'The inlluence of artificial blue space, such as indoor aquaria. on perceived moods. and "Invesligaling tha individufil personality trai15 of captive Gentoo penguins (Pygoscelis papua) and the 8ssoci8tion with husbandry" and assisted a student from the Department of Computer Science at the University of Hull on their project, ' Visualisat￿n of Threals lo Penguins using computer interaclive modelling". Wilder Humber Project.. Hosted the launch of the Wilder Humber project, a comaborats've effort belween Yorkshire & Lincalnshire Wlldlife Trusis and Orsted. a prorninent renewable energy company, This partnership airns to irnplement a five•year habitat restoration Programme in the Humber region, wilh a focus on revitalizing seagrass, salt marsh, and nats've oyster populatsons. By providing engaging interactive content and educational sessions, our goal is to inrAease awareness and appreciation of the in•Situ conservation efforts being undertaken. Hull Seed Swap: Attended the Hull Seed Swap event. hosted by Hull Food Partnership, This event showcased the great work happening across the City and some of the ways we can be more climate conscious in our consumpts'on of food., our Food & Beverage Manager spoke to attendants about the importance of 5UPPOrting and stocking local produce. Concrete Youth: Continued to hogt several 3OknPTgion￿ of 'Sca Sense,, ConcTeto Youth's sonsory sea-themed story massage programme for people with profound and multiple leaming disabilities. Last year saw Concrete Youth host their final session with u5: we are pleased to have supported them for the past couple of years. Page 13

EMIH Limited Trustees, Report Deep Cleans: Continued to loan out litter w'cking equipment free of charge at Receptson, encouraging visitors to help clean up litter from local beaches and record their findings. Our equipment was borrowed by 44 adults and 20 children over the course of the year. Famlty Actlvity Trall.. Partnered with the University of Hull to help promote their free activity trail, encouraging families around the City to keep active and take part in guided walks with a Team GB athlele. Home Stag•: Prornoled Home Stage's Pfrte24 competrtion on social media, which called for rnusicians io produce an original song about the environment for the chance to win a cash prize. 'Love Your Loc•h': Offered our annual £5 per person slngle*entry ticket across a weekend in December 2023, specifically for visitors living at a HU p05tcode. A total of 609 people took up the offer, which is an increase ol 18% on the Same event In December 2022. Bug Hotel5: Worked with a Ioc81 school who designed bug hotels for our car park. Visitors helped by providlng donations such as bricks, Clay pipes and roof tiles for us to use. Our Aquarist, Phill, then used the school's designs and the donated materials to construct three bug hotels. which are now amongst our green spaces in the car park. A8•oclatlon of Anlmal Arthts: Sponsored the 'lnto the Blue, category of ihe Association of Animal Ath'sls, annual art competition. We Celebrated the winner, Christopher, on social media by sharing his beautiful painting titled 'Mackerel & Fry,. Sewe￿Y Hall Outreach: Continued our partnershlp with Sewerby Hall and Gardens, delivering iwo outreach sessions to visitors over the summer holidays. This included identifying species found in the rockpools on ihe beach at Sewerby and holding accessible. indoor activities in the Otangery. The sessions were well received with visitors, and have also helped u5 reath new audiences to educate and inspire p05its.ve hange for ocean survival. Older People's Celebration Week: Supported the Older People's Celebration Week event al St Stephens shopping centre; our Crew attended with a stand and ￿ported great levels of footfall. Festlve Choir Weekends: Invited local choirs, Withemsea Ladies and Hull Deaf Centre Visual. came and performed festive carols in the buikling on two weekends in the lead up to Christmas. Page 14

EMIH Limited Trustees, Report Klds In Museums Takeov•r Day: Invited Child Dynamix. a local community youth organisab'on, to take part in this year's Kid5 in Museums Takeover Day. The theme was Let's Play, their team enjoyed dressing up as mascol Pebbles the Penguin and interacting with visitors, as well as providing marinfrthemed sttyelling and hands-on craft activrties for everyone to enjoy across the day. Kld$ In Mu8•ums Dlgftal Tak•ov•r Day: Welcomed sludents from Frederick Holmes School in Hull to take part in Kids in Museum's ￿gI￿1 Takeover Day with us. The students enjoyed helping our Mafkeling team capture digital content of their day: this included wdeos such as 'Ask an Aquarist, and unboxing an adoption pack, as well as capturing photos of the students assisting our Maintenance team with the important task of litter picking around our 51te. RSP8: Welcomed the team from RSPB Bempton Cliffs with their 'Nature on a Table, stand across several dates, helping to raise awareness on the importance ol protecting our local native species and how to get involved in the national Blg Garden Birdwatch campaign. Int•mational Cholr Cornpetlllon: Welcomed Decibelle5 Ladies Cholr to sing outside the building in support ol Hull's Internats'onal Choir Competition. Cofonatlon D•y'. Celebrated the King'5 Coronation by hosting our Royal Reef evenL Our divers and Crew wore crowns. and we shared this on our social media channels. Hull FC Foundatlon: Welcomed the learn from Hull FC Foundation. who delivered a iwilight yoga session in front of our Endless Ocean viewing window. This helped showcase the lrnportanGe of blue light spaces for relaxatson and improving wellbeing. BIAZA S•cr•t Santa: Participated in BIAZA'S Secret Santa campaign, which encourages 81AZA rnernbe￿ to gift useful items lo other collections. Our Crew sent a hamper of Hull & East yorkshi￿ themed items to St Andrews Aquarium for the keepers to enjoy. In tum, we received a box full of useful enrlchment toys. and sweet treats for our Crew to tuck into over the Christmas holidaysl Frl•nd8 of The Doep: Continued to grow our shoal of Friends of The Deep. In recognits'on of our visitors, kind donats'ons to The Deep's charity, their personalised fish plaques are mounted on our supporter5, wall in the Reception area. CareV8 Week: Supported Carerfs Week by inviling the team at City Health Care Partnership to join us wilh a sland, providing advice and support lor unpaid carers living in Hull & East Yorkshire. Page 15

EMIH Limited Trustee3' Report Llghtlng up the Bulldlng: Illuminated the building a variety of colouf5 across the year to rnatk significant occasions. suth as Autism Acceptance Week, the NHS, 75th birthday and Organ Donation Week. RNLVCoa8tguardlHumb•r R•scu• Partn•rnhlp: Partnered with teams from the RNLI, Coastguard and our local Humber Rescue centre to deliver 'H20 Heroes,. a half-term event highlighling the importance of water safely. Over 15.000 visitors attended, and enjoyed a range of 8clivitie5 and presentations to get Invofved in. The support from all the rescue centres was invaluable, and we look forward to working alongside them again in the futu￿. Charltable R•quests: Supported 156 charitable requests from organisations and 18 requests from Crew members. BIAZA Inslagrarn Takeovgr Day: Participated in 8IAZ4's Instagram Takeover Day, where one of our Guides had access to posting on the BIAZA Instsgram account lor a full day. Posts induded fun facts to help spread awareness about our animals, 85 well as important conservation messaging. BIAZA Love Your ZoolAqu•rlum W••k: Contributed lo a collective keeper video which was shared on 81AZA's social media channels. In celebrats'on of Love Your ZoolAquarium Week, we filmed Crew members answering why they love working in an aquarium. This has helped highlight our importance aB a conservation and education charty. Surf & Turf: Created a display of Shark fins outside The Deep Business Centre in one of our 'No Mow. Weeds for Wildlife patches, encouraging v15itors to notice why we have left our green areas around the car park to grow wild. BIAZA Photography Cornpetitlon: Celebrated the photos awarded 'Runners Up, in 8IAZA's Annual Photography Competition that were taken al The Deep by our visitors. These Stunning photos included a close up of our dogfish puffer, Yellow Cllve, and a silhouatte of a shark resting on the top of the lunnel. Llve Streams: DelNered 14 online digital sessions to local organisations, di8cu8sing career opportunitie8 In STEM. Guide Outreach: Delivered 25 outreach sessions lo organisations, including vi51ts to local care homeB. stagecoach Park & Ride: Wcrked wlth Hull Cty Council to re-introduce the Stagecoach Priory Park & Ride scheme to Hull. 8uses now stop on the roundabout just before The Deep,. both visitors and Crew have been using the 8er¥ice to travel to U5. Page 16

EMIH Limited Trustees. Report The B￿lY Par•nt Project: Welcomed Carl from The Busy Parent Project to film as part of his series, which aims to help busy adults keep active. His video mentions the benefrts of blue Iwht spaces on general wellbeing and productivity, lomiing part of an overall healthy lrfe5ty1e. Su•taiTrable Trav?I: Worked with Hull City Council to provide Crew with free refurt)ished bikes and free cycle safety equipment lor those commuting by bike, helping to encourage more sustsinable travel through the city. Weeds lor Wildllfe: Encouraged the green areas around our car park to grow wild as part of the Weeds for Wildlife campaign, developed in partnership wth Hull City Counril and the University of Hull, Moduhift STARS Accr•dltatlon: Received the Good Travel Plan (Bronze) Award from Modeshift STARS for developlng. implementing and monitoring an effeclive worwace travel plan. S4lt Bag8 lo Tote 8ag8: Partnered with local waste fim, MyReFactory. who specialise ift creating something new from tiicky to recycle plastic ilems. The team upcycled the salt bags our Aquansts use and transfomied them into useful tote bags, whlch visltors can purchase from our online shop and The Deepartment store. Oh Ye¥ Net Zero: Signed up to Hull's Oh Yes Net Zero campaign. By joining other local organlsalions, we are collectively working to cut down carbon emissions in the Hvmber region. Notpl• Pack•glng: Introduced a new suslainable food packaging solution for use in our cafés, Nolpla's packaging is fully compostable and recyclable, a5 It is made wilh a 100% seaweed-based natural coating. Autlsm Acceplanc• W••k: Supported Autism Acceptance Week by sharing Informatlon and advice on social media, reminding visitoryJ of our accessible offerings. such as our sensory packs. Tranquil Tuesdays and indusive sleepovers for accessible groups. The Hull & East Riding National Autistic Society was invited to deliver a Crew training session and hold a stand within thE aquarium. offering support and addits'onal infomiathon for visitors. The buildlng was also illuminated multl-coloufed to mark World Autism Acceptance Day. Tranqull Tuesdays: Continued to offer a quieter, accessible experience for wsitors every Tuesday term-time Irom 3pm,. the lighls are turned up, making information easier to read and the audio is turned down for those who find the noises distracting. Page 17

EMIH Limited Trustees. Report aulet Day: Invited the Hull Deaf Centre for Quiet Day at The Deep who provided 8SL interpretation alongside a lull day of Guide-led presentations and talks, supporting Visito￿ wlth hearing irnpairments. Presentations induded a scatter feed. dive show and penguin talk. plus more., a great day was had by Crew Trainlng: Hosted the following local organisalions to deliver tralning sessions to our Crew. Hull & East Riding Nats'onal Autistic Society (NAS) for Auts'sm Acceptance training. TIC Hull. Lincolnshire & yorkshi￿ for Tourette's Syndrome Inclusion in the Community training. Hull LGBT+ Community Pride for LGBTQ+ Awareness trainin9. Humber Teaching NHS Foundation Trust for Makaton trainlng. Gulde Dogs North East Tralnlng: Welcomed Guide Dogs UK to deliver sighted gulde training sessions to Crew members. The ses510n involved a practical approach, which demonstrated how Individuals wth swht 108s can be safely assisted around the aquarium using a 'Guiding Arm.. O•menll• Frl•nd•: Registered online to the Alzheimerfs Society initiative, helping to support visitors with Dernents'a. Our Crew members have since watched the online courses and become 'Oementia Friends,, receiving badges to wear and certificates to display. Sensory Packs: Worked with the Hull & East Riding branch of the National Auts'stlc Society {NASI to make continual improvements to the sensory packs we offer free of charge to visitors with addib'onal needs. After receiving advice from local families thal are part of the NAS saciety, our sensory packs have been updated to include AAC cards, a map of the aquarium and a viewfinder, Sea Ch•nge Wln•: Partnered with Sea Change, wha produce a range of award-winning environmentally conscious nes. Combined with a donation to marine charits'es from every bottle sold, Sea Change wine helps fund conservation projects globally that help protect our oceans. These wines have been provided to guests at numerous corporate events throughout the year. Sle•pov•rn: Welcomed 3,863 young people for 42 sjeepovers in 2023, induding two accessible group sleepovers for Aim Higher and Rainbow Stsrs. W•ddin98.' Hosted eight weddings, from small, intimate celebrations to large, paty-style events. Page 18

EMIH Limited Trustees, Report Corporats Evants: Hosted 25 corporate events. from evening dinners to prests'giou5 celebTats'ons. This included the Hull Trains Long Service & Achievement awards night and a 30th annivefsary celebration evening for The Deep's Business Centre dient5, Prison Me No Way. Pl•n• for futur• p•rlod• The charity is committed to maintaining its facilits'es to a high standard and to continue delivering upon its wider charitable objectives. Structure. governance and management Natur• ofgoveming document The companls Memorandum Arb'des of Associats'on set out the method of goveinance of the company and charity. Organl8•tlonal structurn The Charity is run by a Board of Trustees, who collectively contribute a balane2 of skills and experience. Meetings of the trustees are held re9ularfy and attendance rates are high. The trustees have a clear understanding of their role and lis fulfilment. Page 19

EMIH Limited Tru8te•8' Report Recrultsnent and appolntment of trustees Up untsl 20 February 2024, there was a Members. Agreement between the company, Kin9Ston upon Hull Cty Cauncil and The University of Hull which stated that ihe company shall have a maximum of six Members and a maximum of nine Tnjslees, wrth Kingston upon Hull City Council nominating three of the Members and five of the Trustees and with The University of Hull nominating the remaining Members and Tnjstees. Members and Trustees served fixed terms of office as defined ty the Members, Agreement. By mutual consent, the Members, Agreement was terminated on 20 February 2024 and so Kingston upon Hull City Council and The University of Hull. *fiilsl both continuing as a Member of the charity, no longer have the right to nominate the other Members and the Truslees of the charity. However, Kingston upon Hull City Council and The University of Hull have both retsined an involvement in the selects'on of replacement Members and Trustees through their rep￿SentatIOn on the 'Search Pand, that seeks and recommends replacements as vacanGies arise. On 22 March 2024. the number of Mernbern was increased from six to seven. The Board of Trustees may appoint individuals to fill Trustee vacancies during the year as they fall due, but such appointments would only be unkn'l the date of th• company's next Annual General Meeb'ng. Trustees receive an appropriate, tailored induction and throughout the course of the year, receive external advice on any major issues affecting Ihe charity. The trustees have regard to the Charity Commission's Guidance for public benefit. The directors consider the board of directors. who are the Trust's trustees, and the senior management team cornprise the key management personnel of the charity in charge of directing and controlling, running and operating the Trust on a day to day basis. All directors give their time freely and no director received remuneration in the year. Details of directors. related party transactions are dlsdosed in note 19 of the financial statements. Arrnng•ments lor settlng key managem•nt personnel remuneration The remuneraliw of staff is reviewed annuolly and normally increased for inllation. When a post becomes vacan( an assessment of whether Ihe post needs lo be re-filled on the same basls Is undertaken: and any new rales are benchmarked against appropriate cofflparators. Page 20

EMIH Llmited Trustees. Report Flnancial fe¥l¥w Policy on rn8eryes At any one ts'me, the charity's reserves consist of capital grants received for the construction of The Deep Wisitor Attradion and The Deep Business Centre, plus the accumulated operational surpluses of the charity. Expenditure on the constmctson of The Deep Visitor Attraction and The Deep Business Centre was capitalised and is being amortised over the usefvl lives of the buildings. The trustees aim to ensure that reseNes should be maintained at a level to cover the amortisation of these assets, plus an addrtional amount to provide working capital for the organisation, with this being an amount that would cover at least the next six months. worth of forecast expenditure. This was achieved throughout the whole of the financial year ending 31 January 2024 and remains the case at the time of the signing of these financial slatements. The charity takes a prudent approach in ils budget planning, for exarnple, being conservative each year in its income assumptions. Expenditure budgets are estsblished each year that can be accommodated by the conservative income levels sel, whilst also allowing for an appropriate level of capital ￿InveStMent expenditure. It is the charitys policy to commit less than the Current year's (consep4ative) surplus to new capital projects of that year, Any major investrnent over and above the current yearf5 forecast surplus would need to be funded from the accumulated reserves (or grants) and would only be undertaken if approved by the trustee5. In making any decision to commit reserves, the trustees lake into account Ihe requirements of Ihe Reseryes Policy when considering Ihe amount of reserves that it is possible to release for reinvestment. At each of Iheir regular meetings, the trustees monitor the income and expendilure of the charily and the18vel of its reseNes lo ensure Ihat the charity has sufficient funds to sustain its operations and to finance its future development plans. Prompt remedial action w{￿ld be taken if the trustees were concerned aboul any aspect of the finances of the charity. Golng concem It is important that sufficient visitors continue to be attracted to The Deep so that it can cover its operalional costs and generate sufficient resources to maintain the quality ol its facilitr'es (and provide for thelr ongoing improvement), whilst also enabling the charity to contsnu• to support conservation and marine researth projects. Whilsl visitor numbers can be uncertain. the directors feel that their forecasts over the period to 31 January 2026 include a conservative estimate in relatian to visitor numbers and that the overall forecasts are reliable in predictsng future group revenue and cash flows. The directors believe that the group and company ha5 adequate resources to continue In operational existence for a period of 12 months from the date of approval of these financial statements and therefore have prepared the financial statements on a going concem basis. Taxalion The company, as a registered charity, ha5 obtained exemption from corporab'on tax. Charitable tax exernptions can therefore be daimed to the extent that inGom6 andlor gain6 are applicable and applied for charitable purposes onty. Company status The company is a private company limited by guarantee. not having a share capital, and is also registered as a charity (number 1073254). Page 21

EMIH Limited Trustees. Report Members The Members of the company are Klng5ton upon Hull Clty Council (corporate member), The University af Hull (corporate member), C C Brown, A W Kirkman. S M Lockwood, L J Morrell and M Tarbotton. Polltlcal and charitable contribullons As a charity, the company is forbidden from making political donations. The company made charitable donatsons (from monies fundraisedl of £Nil12023 - £Nil) dsjring Ihe year. Employrn•nt of disabled p•rson• The 9roup is accrediled as a Disability Confident Employer and carries this branding on its employment literature throughout the employee journey. It is a Dementia Friends organisation as well as being recognised as a TIC Friendly Eslablishmenl, and disability awareness employee programmes over the 18St year have included Sighted Gulde Tralning by Guide Oogs UK. The group gives full consideration to applications for employment from disabled persons where the candidate's particular aptitudes and abl￿'tIeS are consistent with adequately meeting the requirements of Ihe job, and reasonable adjustrnents will be sought, working in liaison with Access lo Worf( when appropriate. Links exist with organisations such as Worklink whith supports disabled people and employers during the application, recruitment and training periods. and promotes the group's vacancies and work experience placements to its clients. Slu(lent expenence programmes are also run in conjunction wrth such as Ganton School in Hull to support career development and encourage disabled applicants to see the group as an employer of choice. The group's work in this field was recognised this year by the British & Irish Association of Zoos & Aquarium. as a 'Runner Up. in their Diversity and Inclusion awards. Opportunities, equal to those of thelr colleagues, are available to disabled employees for training, career development and promotion. To support employee health and wellbeing, the group has signed up to the Mental Health at Wort( Commitrnent, making a public commitment to supporting employee mental health,, and is a member of Working Voices (NHS Hull). whe￿ e￿StIng employees become disabled, it is the group's policy to provide continuing employment wherever practicable in the same or an atternatsve position and to provide training and a COrnPTehensNe consideratson of reasonable adjustment$ to achkeve Ihis airn. The group's detsiled Access Guide 15 produced with VisitEngland's Accessible and Inclusive Tourism Toolkit in mind, and is available online to all. This would help to infomi any individual needs assessment and promotes the group's commitment to accessibility. Employe• Involv•m•nt The group operates a frarnework for employee information and consultation whith complies wilh the requirements of the Infomats'on and Consultation of Employees Regulations 2004. During the year, the policy of providing employees inf0m￿tion about the group has been continued through regular intemal communication. Regular meetings are held be￿een local management and employees lo allow a free flow of information and ideas including department Issues, speGifi'c project and policy planning. Whole group employee meets'ngs are called at key points of action, change or development as necessary during the year. The group's Health, Safety & Wellbeing Committee includes representstives from each department alongside senior managers and the Competent Person. A key communication tool is also the Crew Brief newsletter which is circulated to all Crew Members every month and includes information suth as group performance. customer feedback, policy updates and it responds to specific employee questions when necessary. Page 22

EMIH Limited Trustees, Report K•y managemont p•rsonnal The trustees who seNed the company during the year and since the year end were as k)Ilows: T S E 8oanas C C Brown (appointed 20 July 2024) G Chester51re5igned 19 September 2024) R J Frostick (appointed 20 September 2024) R Furtey D W Gemmell OBE {￿sIgned 31 March 2024) B George (appointed 20 September 2024) A W Kirkman S M Lockwood L J Morrell J A Parkes CBE M Tarbotton All trustees are also directors of the charity. Other key management personnel C C Duke - Chlef Executive N G Porteus t)eputy Chief Executive, Finance Director & Company Secretary J L Kirby - Dlrector ol Operations & People B Jones - Director af Husbandry & Exhibition F G Cross - Head of Business & Corporate Related partles Transactions with related partie5 are disclosed in note 20. Disclosure of Informatlon to auditor So for as each person who was trustee at the date of approving Ihis report is aware, there is no relevant audit informats'on, being infom)ation needed by the auditor in connectlon with preparing its report, of which the auditor is unaware. Having made enquirie5 to the truslee and the company's auditor, each trustee has taken all the steps that helshe is obliged to take as a trustee in order to make himselflhersèlf aware of any relevant audit information and to establish that the auditor is aware of that information. By order of the Board & p.J_ N G Porteus Company Secretary 20 September 2024 Page 23

EMIH Limited Statement of Trustees. Responsibilltles The trustees (who are also the directors of EMIH Limlted for the purposes of company law) are responsible for prepanng the trustees, report and the financial statements in aGcordance with applicable law and United Kingdom Accounb'ng Standards (United Kingdom Generally Accepted Accounting Practice). induding FRS 102 "The Financial Reporting Standaril applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each finandal year. Under company law the trustees must not approve the financial ststements unless they a￿ sab'sfied that they grve a true and fair view of the state of affairs of the parent charitable company and the group and of the incoming resources and application of resources, including ils income and expenditure, of the charitable group for that period. In preparing these financial statements, the trustees are required lo.. 8elecl suitable accountlng policies and apply them consistently: observe the methods and principl88 in Ihe Charities SORP., make judgements and estlmates that are reasonable and prudent,. stste whether applicable accounting standards, comprising FRS 102 have been followed, subject lo any material departures disclosed and explained in the financial statements., and prepafe the financial statements on the going concem basis unless it is inappropriate to presume that the parent charitab5e company will contsnue in business. The trustees are responsible for keeping proper accounting records that can disclose wlth re880nab accuracy at any lime the financial position of the parent charilable company and the group and enable them to ensure that the financial statements compty with the Companies Acl 2006. They are also responsible for safeguarding the assets of the parent charitable company and the group and hence for tsking reasonable steps for the prevention and detection of Iraud and other irregularities. The trustees a￿ responsible for the maintenance and integrty of the corporate and financial inft)rmation included on the charitable company's website. Legislation governlng the preparats'on and disseminats'on of financial statements may differ from legislation in other jurisdictions. Approverj by the Irust••s of the charity on 20 September 2024 and sign•d on its behaw by: T S E Boanas Trustee Page 24

EMIH Limited Independent Auditor's Report to the Members of EMIH Limited Opinion We have audited the financial gtatements of EMIH Llmited (the 'charitable parent Gompany.) and its subsidiaries (the 'group') for the year ended 31 January 2024. which comprise the Consolidaied statemenl of Financial Activities, Consolidated Balance Sheet, Company Balan￿ Sheet, Consolidated Statement of Cash Flow5 and Notes lo Ihe Financial Statements. including a 8ummary of significant accounting policies. The financial reporting Iramework that ha5 been applied in their preparation is Unrted lfjngdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Pracbce). In our Opinion the financial statements.. give a true and fair view of the state of the group's and parent charity's affairs as 8t 31 January 2024 and of ils incoming resources and application of resources. including its income and expenditure, far the year then ended,. have been properly prepared in accordance wilh United Kingdom Generally Accepted A¢￿untIng Practs'ce; and have been prepared In accordance with the requirements of the Companies Acl 2006. 8a818 for oplnion We conducted our audit In accordance wlth Inlernational Slandards on Auditing (UK) {ISAs {VK)) and applicable law. Our responsibilities under those standards are further described in Ihe auditor responsibilities for the audit of the financial statements section of our report. We are independent of the gn)up in accordance with the ethical requiremen15 thal are relevant to our audit ol the financial statements in the UK, including Ihe FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance wilh these requiremenls. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng to golng concern In auditi'ng the financial slatemenls, we have concluded that Ihe trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 8ased on the worf¢ we have pertomied, we hava ntsi id8ntffi•d any material unc•rtainties relaling to events or conditions that, individually or collectsvely, may cast significant doubt on the group's ability to continue as a going concern for a period of at least tsvelve months frorn when Ihe original financial statements were aulhorised for issue. Our responsibilities and the responsibilities of the tnistees wilh respect to going concern are described In the relevant sections ol this report. Other Infonnation The trustee5 are responslble for the other infomiation. The other infomiatidn comprises the infomats'on included in the annual report, olher than the financial statements and our audilorfs report thereon. Our opinion on the financial statements doe5 not cover the other inforniation and, except to the extent othe￿ise explicitly staled in our report, we do not express any form of assurance condusion thereon. Page 25

EMIH Limited Independent Auditor's Report to the Members of EMIH Llmited In connection with our audrt of the financial statements, our responsibility is to read the other information and, in doing so, consider whether Ihe olher information is materially inconsistent wrth the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstatei1. If we identity such material inconsistencies or apparenl material misstatements. VR are required to determine whether there is a material misstatement in the. financial statements or a material misstatement of the other informab'on. If, based on the work we have performed, we condude that there is a rnaterial misstatement of this other information. we are required to report that facL We have nolhing to report in this regard. Oplnlon on other matter pfescribed by the Companies Act 2006 In our opinion, based on ihe work undertaken in the course of the audil.. the information given in Ihe Strategic Report and TTUStees' Report fof the financial year for which the financial statements are prepared is consistent with the finanaal statements; and the Strategic Report and Trustees. Report have been prepared in accordance with applicable legal requirements. Mattefs on whlch we are r•quired to r•port by oxcoptlon In the Ilght of our knowledge and understandlng of Ihe group and the parent charltable company and rts environment obtained in Ihe course of Ihe audit. we have not identified material misstalements in the Strategic Report and the Trustees, ReporL We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kepi by the parent charitable company, or returns adequate for our audit have not been received from branches nol visited by us, or the parent charitable company financial statements are nat in agreement with the accounting records and relurns; or certain dlsdosures of truslee8 remuneration specified by law are not rnade; or we have not ￿CeIved all the Inforrnation and explanations we requlre lor our audit. Responslbllltles of truste•• As explained more fully in the Statement of Trustees, Responsibilities (set out on page 24), the trustees are responsible for the preparaty'on of the financial stalements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees detemiine is necessary to enable the preparation of financial slatemenls that are free from matenal misstatement, whether due to fraud or error. In preparing Ihe financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem. disclosing, as applicable. matters related lo going concem and using the going concem basis ol accounting unless the trustees eilher inlend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Page 26

EMIH Limited Independent Auditor's Report to the Members of EMIH Limited Audltor responsibililie¥ fur tlie audlt of Ilie financlal statements Our objectives are to obtain reasonable assurance about whether the financial slalements a5 a whole are Iree from material misstatement. whether due lo fraud or error, and lo issue an auditor's report that indudes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered rnalerial il. indivldually or in the aggregate, they could reasonably be 8xpected to influence the economic decisions of users taken on the basis of these firbancial statements. The extenl to which our procedures are capable of detecting ifregularities, including fraud is detailed below.. Irregularilies. induding fraud. are instances of non-wmpliance with laws and regulations. We design procedures in line wilh our responsibilities, ouuined above, to delect material misstatements in respect of irregularities, Including fraud. The exlent io which our procedur•s are capable ol delecting irregularities, including fraud is detailed below.. Our approach to identifying and assessing the risks of material misstatement in respect of Irregularities, including Iraud and non-complianGe laws and regulations, wa9 locused on specific laws and regulations which we considered may have a direct material effecl on the charity only and consolidated financial slalements or Ihe operations of the charitable company and the group. including the Companies Act 2006, the Chariiies Act 2011, data protection. antiwbribery, employment and health and salety legislation. An undersianding of these laws and regulation5 and the extent of compliance was obtained Ihrough discussion with management and inspects'n9 legal and regulatory corresponden￿. We assessed the suscepts'bility of the charitable company's and consolidated financlal ststernents to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management and considering the intemal controls in place to mib'gate risks of fraud and non-compliance with laws and regulations. To address the rfsk of fraud through managem•nt bias and override ol controls. we perfomed analyts'cal procedures to idenb'fy any unusual or unexpected relab'onships,. lested Joumal entrie5 to identify unusual transactions: assessed whether judgements and assumptions made in determining the accounting eslimales were indicative of potential bias,. and investigated the rationale behind significanl or unusual transactions. In ￿SponSe to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to agreeing charity only and consolidated financial statement disdosures to underfying Suppo￿.ng documentation; reading the minutes of rneetings of those charged with governance,. enquiring of management as to actual and pctential litsgation and daims,. and reviewing correspondence with HMRC, relevant regulators and the charitable company, legal advisors. Page 27

EMIH Limited Independent Auditorfs Report to the Members of EMIH Limited Due to the Inherent limitations of an audit. Ihere 18 a risk that we will not detecl all irregularities, including those leading lo a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance wth a law or regulats'on is removed from the events and transactions reflected in the financial statements. as we will be less likely to become aware of instances of non-compliance. Audrting Standards also liinit the audit procedures required to identify non-compliance wilh laws and regulations to enquiry of the directors and other management and the inspects'on of regulatory and legal correspondence, If any. The risk is also greater regarding irregularitles occurring due to fraud rather than error. as fraud invofves intentional concealment, forgery, collusion, omission, or rnisrepresentation. A fvrther description of our responsibilities f<Y the audit of the financial statements is located on the Financial Reporting Council's website at ￿.frC.or9.UkIaudltorsrespan$ltsllits.es. This description form5 part of our Report of the Independent Auditors. Us• of our report This report is made solely to the tharltable parent company's trustees, as a body. In accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the group's trustees those matters we are required to state to them in an auditofs report and for no other purpose. To the fullest extent pemiitled by law, we do not accept or assume responsibility to anyone other than the charitable parent company and its Iruslee8 as a body, for our audit work. for this report, or lor the opinions we have fomied. Matthew Fox FCCA jsenior Statutory Auditor) For and on behalf of Smalles Goldie, Statutory Auditor Regenvs Court Princess Sireel Hull East Yorkshire HU2 86A 20 Sep 2024 Page 28

EMIH Limlted Consalidated Statsment of Financial Activities for the Year Ended 31 January 2024 (Including Consolidated Income and Expenditure Account and Statement of Total Recognised Gain8 and Losses) Unrestri¢t•d funds R•8tfl¢t•d funds Total 2024 Total 2023 Note Incomo and Endowm•nt8 from: Donatlons and legacies Charitable activrties Oiher trading activities Investment income 1,484 5,722,978 3.255,754 60,$94 62,058 5.722,978 3,255,754 491,279 5,194,514 3.301,917 Totsl incorne 9 071302 60,594 9 131896 9 004 749 Exp•ndltur• on: Raising funds Charitable activities Flnance Aclivitles (2,569,923> {8,227.412) 214 000 (2,569,923) {8,299,9561 214,000 (2,466,559) (8,095,739 (72,644) 10 583,335 10,655,879 10 637 298 Net expenditure Other recognised galns and loss•s Actuarial gain8 on defined benefit pension Schemes Trading subsidiary corporation tax raclaimablellduel Net movement in funds <1,512,033) (11,950) (1,523,983) (1,832.5491 (229,000) (229,000) 2,322,750 176331 (1,736,485) (11,950) (1.748,435) 866.532 Reconciliallon of fund8 Total funds brought foNianJ Total funds carried fO￿ard 18 28 702 856 28 714,806 27,848 273 26 966 371 26 966 371 28 714 805 All of the group's activities derive from continuing operations during the above two periods: The notes on page5 33 to 54 form an inte9￿1 part of these financial statements. Pa9e 29

EMIH Limited (Registration number: 03513218) Consolldated Balance Sheet as at 31 January 2024 2024 2023 Not• Flx•d a•••t• Tangible assets 10 22.151.152 24.755,312 Current a68•ts Stock5 DebtOTS Cash al bank and in hand 12 13 169.456 401,841 5 930 085 191,682 795,893 4 778 276 6,501,382 1441.163 5,765.851 1421358 Crndltors.. Amounts lalllng due wlthln on• ye•r N•t curront a•8•t• 14 5 060 219 4 344 493 Totsl assets less current Ilabilitie3 27,211,371 245 000 29,099,805 385 000 Cr•ditor•: Amoun1• falllng du• after mor• than on• y•ar 15 Net ass•ts 26 966.371 28 714 805 Fund8 of th• gn>up: R••trlcted income fund• Restricted funds 11.950 Unr•strtct•d Incom• fund• Unrestricted funds 26 968 371 28 702 855 . Total funds 18 26 966 371 28 714 805. The financial statements on pages 29 to $4 were approved by the trustees, and authorised for issu• on 20 September 2024 and slgned on their behalf by.. T S E 8oanas Trustee The note5 on page5 33 to 54 form an integral part of these financial statements. Page 30

EMIH Limited (Registration number: 03513218) Charity Balance Sheet as at 31 January 2024 2024 2023 Not• Flxed assets Tangible assets Investments 10 22,128,331 24.726,921 22.128 335 24,726,925 Curr•nt •s••t8 Debtors Cash at bank and in hand 13 3.079.906 3 963 431 3,125,503 3 662.286 7,043,337 3932 153 6.787,789 Crnlitorn: Afflounts falllng due wlthln one year 14 4 527 303 N•t curr•nt as8ets 3111 184 2 260 486 Net a88ets 25 239 519 26 987411 Fund$ of the charlty: Restrlcted Incom• funds Re9trfcted funds 11,950 Unre8trict•d Income funds Unrestricted funds 25239519 26 975 461 Total furNIs 18 25239519 26987411 The financial statements on pages 29 to 54 were approved by the trustees, and aulhorised for18sue on 20 September 2024 and signed on their behalf by.. T S E Boanas Trustae Thc notcof on pages 33 to sd form an integral part of these financial staternents. Page 31

EMIH Limited Consolidated Statement of Cash Flows for the Year Ended 31 January 2024 2024 2023 Note C••h flows from oporating acllvlti Net cash expenditure (1,523,983) {1,632,549) Adjustments to Gash flows from non4ash Items Depreciation Investment income Interest payable Net expense on pension scheme 2,906.394 (91,106) 11,088 229,000 1.073.393 2.776,293 <17,039) 14,337 655,000 1,796,042 Working capilal adlu81ments Decreasel(increase) in slocks Decreasel<lncrease) in debtors, exduding deferred tax Increase in credilorn 12 13 22,226 398,600 19,806 <42,997) (372,293) Net cash fl<Jw6 from operating activities 1514 025 1634 620 C•$h flow8 from Investing actlvltle• Interest recelvable and similar income Purchase of tangible tlxed assets Net cash Ilows from invesb'ng activities Ca•h flow• from flnanclng actlvlti Interest pardble and similar charges Repayment of loan5 and borrowings Net ca¥h flows from financing activikn'es Net increase in cash and cash equivalents 91.106 302 234 17,039 10 211128 562 195 (11,088) 140.000 (14,337) 140,000 14 151 Q88 1,151,809 4 778 276 918,088 Cash and cash equNalents at 1 February Cash and cash equivalents at 31 January 3 860 188 5 930 085 4,778 276 All af the cash flow5 are derived from continuing operations during the above two periods. The notes on pages 33 to 54 form an integral part of these financial statements. Page 32

EMIH Limited Notes to the Financial Statements for the Year Ended 31 January 2024 I Charity status The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the tnjstees is liable to contiibute an amount not exceeding £1 lowards the asset5 of the charity in the event of liquidation. 2 Accounting policies Summary of slgnificant accounting pollcl•s and key accountlng e8tlmat•s The principal accounting policie5 applied in the preparation of these financial statements are s8t out below. These policies have been consistently applied io all the years presented, unless othetwise stated. Statément of compllanc• The financial ststements have been prepared in accordance wilh Accounting and Reporting by Charits'es.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) (Charities SORP {FRS 102)). Ihe Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. 8•sls of preparotlon EMIH Limited meets the definition of a public benefit entity under FRS 102. Asseis and liakn'lities are initially recognised at historical cost or transacts'on value unless otherwise stated in the relevant a¢￿UntIng policy notes. Basls of consolldation The consolidated financial statements consolidate the financial siatements of the Gharrty and its Subsidiary undertakings drawn up to 31 January 2024. No statement of financial ath'vities is presented for the charity as pemiitted by section 408 of the Companies Act 2006. The charity made a surplus of £1,747,893 {2023 - surplu5 of £1,543,257). Golng concern It is important that sufficient visitors continue to be attracted to The Deep so that it can cover its operational costs and generate sufficient resources to maintain the quality of its facilitie5 (and provide for their ongoing improvement). wh￿St also enabling the charity to continue to support conservation and marine research projects. Whilst visitor numbers can be uncertain, the directors feel that their forecasts over Ihe period to 31 January 2026 indude a con5errfakn.ve estimate in relation to Vi51tor numbers and that the overall forecasts are reliable in predicting future 9roup revenue and cash flows. The directors believe that the group has adequate resources to continue in operats'onal existence for a period of 12 months from the date of approval of these financial statement5 and therefore have prepared the financial statements on a going concem basis. Paga 33

EMIH Limited Notes to the Financial Statements for the Year Ended 31 January 2024 Judg•ment• The preparation of the financial statements requires management to rnoke judgements, estirnale5 and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However. the nature of estimation means that actual outcomes could differ from those estimates. The judgements (apart from those involving estimates) that have had the m05t signifunt effect on amounts recognised in the financial statements are the actuarlal assumptions supporting the valuation of the group's defined benefit pension scheme. Income and endowments All income is recognised once the charity has entittement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donatlons and l•g•cies Oonats'ons are recognised when the charity has been notified in writing of both the amount and setdement date. In the event that a donation is subject to condits'ons that require a level of perforrnance by the charity before the charity is entitled lo the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly wiihin the control of the charity and it 15 probable that these conditions will be fulfilled in the reporting period. Gran1¥ rncelvabl• Grants are recognised when the group has an entiltement to the fund5 and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met. the income is recognised as a liability and included on the balance sheet as deferred income to be released. Inveslm•nt Incom• Interest is Included when receivable by the charity. Expendlture All expenditu￿ is recognised once there is a legal or constructive obligats'on to that expenditu￿, it is probable settlement is required and the amount can be measured reliably. All costs are allocaled to the applicable expenditure heading that aggregate similar Gost5 to that rAtegory. Where costs cannot be diredly attributed to pathcular headings they have been allocated on a basis consistent with tha use of resources, with central staff costs allocaled on the basis ol time spenL and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Ralslng funds These are cosls incurred in attracllng voluntary income. the management of investments and those incurred in trading activities that raise funds. Charitable actlvities Charitable expenditure comprises those costs incurred by the Gharity in the delivery of its activities and seNices for its beneficiaries. It indudes bolh cosls that can be allocated directly to such act'vities and those costs of an indirect nature necessary to support them. Page 34

EMIH Limited Notes to the Financial Statemgnts for the Year Ended 31 January 2024 Suvvuil ¢08ts Support costs include central functions and have been allocated lo activity cost categories on a basis consistent with the use of ￿SOUrces, for example, allocating propety costs by floor areas, or per capita. staff costs by the b'rne spent and other c0515 by their usage. Taxatlon The charity is Considered to pass the tests sel out in Para9raph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definits'on of a charitable company for UK corporation tax purposes. Accordingly, the charity is potenlially exempt from taxatson in respect of incorne or capital gains ceived within categoties covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 258 of the Taxats'on of Chargeable Gains Act 1992, to the extent that such income OT gains are applied exdusively to charitable purposes. Delerr•d taxallon Deferred taxation is recognised in respect of all ts'ming differences which are differences between tsxable profit5 and total comprehensive inccme arising from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. except that unrelieved tax losses and other deferred tax assets are recognised only to the extent that the directors consider it probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rate5 that are expected to apply in the periods in which timing differences reverse, based on tax rales and laws enacted or subslanlively enacted al the balance sheet date. T•ngibl• flxed 188ets All fixed assets are Inllially recorded al cosl. The charity's buildings are revalued at the balance sheet date every ihree years by an independent third party sur¥eyor accordance with the provisions of FRS 102. These assets are being depreciated over their remaining useful life of 10 years frorn the date of revaluah'on. Equipment is depreciated over 1-5 years. The carrying values of langible fixed assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. Impalrnient of flxed assets The carrying value5 Of iangible fixed assets are reviewed far impairment when events or changes in circumstance indicate the canying value may not be recoverable. Stock Stocks are stated at the bwer of cost and net reallsable value. Cost includes all costs Incurred in bringing eath product to its present location and condition. Nel realisable value is based on e5ts'mated selling price less any further costs expected to be incurred to completion and disposal. Page 35

EMIH Limited Notes to the Flnanclal Statements for tile Year Ended 31 January 2024 Trade d•blor• Trade debtors are recognised inth'alty at Ihe transactlon price. They are subsequenity measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairmenl of trade debtors is established when there is objective eviden￿ that the charity will not be able to collect all amounts due according lo the original temis of the receivables. Cash and cash ¢quivalonts Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi highly Ilquid investments that are readily converb'bje to a known amount of cash and are 8uw.ect to an insignificant risk of chan9e in value. Tr•d• cr•dltor• Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business frofn suppliers. Accounts payable are classified as Current liabilities if the charity does not have an uncondikn.onal right. at the end of the reporting period, to defer seltlernent of the creditor lor al least twelve months after the reporting date. If ihere is an unconditional right to defer settlement for at least Iwelve months after the reports'ng date. they afe presented as nonwajrrent Ilabilibes. Trade creditors are recognised inib'ally at the transaction price and subsequenlty measured at amortised cost using the effects've interest method. Fund structurn Unreslricled income funds are g6nar81 funds that are availablo for use at the twstees discretion in lurtherance of the oblectlves of the group. Designated funds are funds set aside by the trustees out of unrestn'cted general fvnds for specific future purposes or projects. Restricted lunds are funds that can only be used for particular restrlcted purposes wilhln the objects ol the charity. Re5tTrctions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 36

EMIH Limited Notes to the Flnanclal Statements for the Year Ended 31 January 2024 Penslon¥ ulli#r post rellrement obllgations The company participates in the Local Govemment Pension Scheme. Contributions are made to separately administered fund. Pension scheme assets are measured at fair value and scheme liabilities are measured on an actuanal basis using the projected unit method and discounted at an interest rate equivalent to the current rate of retum on a high quality corporate bond of equivalent term and currency to the liabilities. The actuarial valuatlons are obt8ined at least Inennially and are updated at each balance sheet date. The amounts charged to net incomel(expenditure) are the current service costs and the costs of scheme introduclion5, benelrt changes, sel￿eMentS and curtailments. Nel interest on the net defined benefit liabilitylasser is also recognised In the Statement of Financial Activities and comprises the interest cost on the defined benefit obligats'on and interest income on the scheme assets. calculated by multiplying the fair value of the scheme assets at the beginning of the penod by the rale used to discount the benefil obligation5. The difference befvleen the interest income on the scheme assets and the actual return on the scheme assets is recognised in other recognised gains and losses. Actuarlal gains and losses are recognised immediatety in other recognised galns and losses. FRS102 only pemiits a company to recognise an asset to the extent that Ihe company is able to recover the surplus through reduced contributions or refunds from the plan. At the balance sheet dale, the company did not have sole discretion in Such recovery of the surplus and therefore this has not been recognised in the balance sheet. 3 Income from donallons and legacles Unre•trlct•d funds G•neral Restrict•d funds Total 2024 Total 2023 Donations Government grdnts Other grants 15.724 454 475 101 60 594 62,058 491279 Page 37

EMIH Limited Notes to the Flnancial Statements for the Year Ended 31 January 2024 other grants received, included in the above, are as follows: 2024 2023 Biffa 7.449 411.101 18,000 39,000 Natural England Orsted Golden Bottle Trust 8.145 Yorkshire Wildlife Trust 80,594 475,101 4 InGomo from Gharltable actlviti•s Unrestrlct•d funds General Total 2024 Total 2023 Admissions and education income Gift Aid membership fees 2,544,528 3 178450 2,544,528 3 178450 2,567,222 2 627 292 5 722 978 5 722 978 5 194,514 6 In¢om• from olh•r tr•dlnq acQlvltl•s Unrestrictod funds General Total 2024 Total 2023 Retsi'l Catering Rental income and related Service8 Other corporate inwme 1,343,232 987.515 629,713 295 294 1,343,232 987,515 629,713 295,294 3,255 754 1,379,067 935,560 610,291 376,999 3 301917 3 255,754 Page 38

EMIH Limited Notes to the Financial Statements for the Year Ended 31 January 2024 6 Eyp•mlltur• on chafltable athl￿•8 Activlty undertaken dlrectly A¢tlvlty Support costs 2024 Maintaining and operating The Deep Husbandry and marine conseryation Education and inlornial learning 2,231,604 1,007,516 505 277 2,715,044 1,225.778 614,736 4,946,648 2,233.294 1 120 013 3.744 397 4 555.558 8.299,955 Actlvity und•rtakon dlf•Ctty Actlvlty support Costs 2023 Maintalning and operating The Deep Husbandry and Marine conservation Educats'on and informal leaming 1,838,999 855,948 478.448 2,852,378 1,329.063 742 903 4.689.377 2.185.011 1221,351 3171395 8 095 739 7 Trustees remuneralion and expenses Expenses of £285 (2023." £nil) were reimbursed to 1 trustee (2023". Nil) in the year.. Page 39

EMIH Limited Notes to th• Financial Statements for the Year Ended 31 January 2024 8 Staff costs The aggregate payroll costs were as follow8.. 2024 2023 Staff costs durlng th• year wer•: Salanes Employer national insurance contribub'ons Operating costs of defined benefit pension schemes 2,884,918 245.854 2,696,336 257,272 934 358 3 887 966 The monthly average number of persons (including senior managemenl I leadership team) employed by tha group during the year was as follows.. 2024 2023 No Management Administration 132 126 137 131 The number of employees whose emoluments fell within the following bands was.. 2024 No 2023 No £60,001- £70,000 £70,001- £80,000 £80,001- £90,000 £90,001- £100,000 £100,001- £110,000 £110,001-£120,000 £120,001- £130,000 The total employee benefi'ts of the key management personnel of the group were £499.015 {2023 - £462,821). During the year, interest free loans totalllng £108,950 We￿ made to 4 memb8rs of key 'personnal. The amount outstanding at the year end was £75,875 (2023.. £27.750). Page 40

EMIH Limited Notes to the Financial Ststements for the Year Ended 31 January 2024 9 Taxatlon la) Tax on profft on ordinary activities The tax chargel{credtl is made up as follow5: 2024 2023 Cumint tax.. UK Corporati￿) lax for the year D•lerr•d tax.. On'gination and reversel of timlng differences Tax charge on ordinary activities 176,331 176 331 The tax clalm is made up a$ foll¢%V$: 2024 2023 Def•rr•d tax,. Actuarial loss on penslon scheme 774,250 (b) Delerred tax The deferred tax induded in the balance sheet is as follows: 2024 2023 Capital allowances in advance ol depreciation Short term timing differences Total deferred tax (asset) liablllty 824 2.317 (9,683) (5,115) 2024 2023 Movement In provlsion.. Provision at start of period Deferred tax charged in the profit and Ioss account DeferTed tsx charged in the statement of comprehensive income Provision al end of period (5,1151 {4,548) (603,034) (176,331) 774 250 (9,663) <5.115) Page 41

EMIH Limited Notes to the Financial Ststements for the Year Ended 31 January 2024 Taxallon contlnu•d (c) Reconciliation of tax charge The lax on profit before tax for the year is the same as the standard rate ol corporation tax In the UK <2023 - the same as the standard rate ol corporats'on tax in the UK) of 19V/o (2023 - 190/0). The dlfferences are re¢onclled below.. 2024 2023 Profit before tax Corporation tax at standard rate Deferred tax expense (credrt) relating to changes in tax rates or laws 2 357 421 1.430 441 566.491 271.784 (10.117) (42,319) Deferred tax expense (credill from unrecognis•d temporary difference from a prior period Increase (decrease) in UK and foreign current lax from adjustment for prior periods Tax increase (dacrnase) from •ffèct ol capital allowances and depreciation Tax increase (decrease) from other short-term b'ming differences Tax increase Idecrease) arising fomi group relief Total tax credit 256,250 1,082,077 694 (1,383,415> 516529 (429) 176 331 Paragraph 29.14A of FRS 102 has been applied allowing the tax rellef on gift aid payments to be recognised in the penod to which it relales. This exception is onty applicable as long as it is probable that the gift aid payment wlll be made to the charity within g months of the reporting date. (d) Factors that may affect fvture lax charge The standard rate of UK corporatlon tax is 190A for the perlod to 31st March 2024 (190A peTTod to March 2023) after which corporation tax remains at 25%. Deferred tax has been calculated at 25%. Page 42

EMIH Llmited Notes to the Financial Statements lor the Year Ended 31 January 2024 10 T•ngibl¢ flx•d aB$et• Group Vlsltor attraction, business centr¢ and warehouse Equlpment Totsl Cost At 1 February 2023 Additions 277,854 27.655.193 27,933,047 287 443 302 234 At 31 January 2024 D•prnciation Al 1 February 2023 Charge for the year At 31 January 2024 Net book value 27 942 636 28 235 281 249,463 2,928,272 3,177,735 2 886 033 . 2 906 394 269 824 5 814,305 6.084 129 At 31 January 2024 At 31 January 2023 22 128331 22 151 152 24 726,921 24 755,312 The assets of the group were valued by Sanderson Weatherall LLP as at 31 January 2022, on the basis of depreciated replacement cost for The Deep Visitor Attraclion {£25.000,0001 and on the basis ol open markel value for The Deep Buslness Cenlre (£1,750,000) in accordance with The Appraisal and valuation standards {Fifth Edition) {'The Red Book,) prepared by the Royal Institute of Chartered Surveyors. The assets are being depreciated over a remaining useful life of 10 years from the date of the revaluation. Current year addition5 are ￿corded at cost, In addition. the cornpany owns warehouse unit which is being depreciated over 7 years. Page 43

EMIH Limited Notes to the Financial Statements for the Year Ended 31 January 2024 Charlty V181tor attractlon, buslnes8 centre and warehou$• Cost At 1 February 2023 Additions 27,655,193 287 443 At 31 January 2024 D•preclatlon At 1 February 2023 Charge for the year At 31 January 2024 Net book valu• 27,942 638 2,928,272 2 886 033 5 814 305 At 31 January 2024 At 31 January 2023 22 128,331 24,726,921 11 Flx•d a8••t Investments Ch•rlty Share8 In group undertaklng• and partlGlpatlng Int•r••ts Subsldlary undertakings Total Cost At 1 February 2023 At 31 January 2024 Net book valuo At 31 January 2024 At 31 January 2023 Page 44

EMIH Limited Notes to the Financial Statements for tho Year Ended 31 January 2024 Details of undertakings Details of the investments in which the charity holds 200A or more of the nominal value of any class of share capital are as follows.. Country of Incorporatfon Proportlon of votlng rlght8 and shares held 2024 2023 Prlnclpal actlvlty Undertaklng Holdlng Subsldlary undertaklngs Running Deep Llrnited (Registered no. 03606689) Deep Developments Limited (Regislered no. 03606659) Ordinary 100% 100% Tourism Ordinary 100% 100% Dorrnant 12 Stock Group Charfty 2024 2023 2024 2023 Finished goods 169 456 191682 13 Debtorn Group Charlty 2024 2023 2024 2023 Trade debtors Oue from group undertakings Prepayments and acerued income Deferred taxation Other deblor5 82.314 89,695 2,995,468 2.568,264 233,989 9,663 674,933 5,115 84.438 557.239 401,841 .795 893 3 079 906 3 125.503. Page 45

EMIH Limited Notes to the Financial Statements for the Year Ended 31 January 2024 14 Creditors: amounts falllng due wlthln one year Gn>up Charity 2024 2023 2024 2023 Trade credrtors Coronavirus business interruption loan Due to group undertakings VAT grant repayable Other creditors Accruals and deferred income 88,080 368,879 140,000 140.000 3,913,692 4,485.091 304,721 814,536 93 826 203,085 633,805 18,461 30,262 1,441,163 1421,358 3,932,153 4.527 303 . 15 Cr•dltor•: amounts falllng due after one y•ar Group Charity 2024 2023 2024 2023 Coronavlrus bu8ine88 intemiption loan 245 000. 385 000 16 Pension and other schemes D•llned ben•flt p•nslon 8¢h•m•8 EMIH Limited is an admitted body of the East Riding Pension Fund, a Local Govemment Pension Scheme (LGPS) administered by the East Riding of Yorkshire Council. The Pension Scheme is defined benefit scheme. with benefits being detrmined by an employee's lenght of seNice and level of remuneration. Membership of the Pension Scheme is open to all employees, with an employee quired to make a contiibution of between 5.5% and 12.50A of pensionable pay with EMIH Limited augmenting this with an employer ¢ontribution of 24.5% of an employee's pensionable pay. The valuation used for FRS 102 disdosure8 has been based on the most recent triennial actuarial valuation as at 31 Mafch 2024 and updated by Hymans Robertson LLP to take account of the requirernents of FRS 102 in order lo assess the assets and liabilities of the scheme as 31 March 2022. Per the actuary valuats'on at 31 March 2024, the plan is valued a5 a £5,757,000 asseL FRS102 onty permits a company to recognise an a55et to the extent ihat the company is able to recover the surplus through reduced contributions or ￿ftjnd5 from the plan. At the balance sheet date, the company did not have sole discrelion in such recovery of the SUTplus and IherefoTe thi5 has not been cognised in the balance sheet. The scheme is a multivemployer scheme which has a 31 March year end, which is drfferent to that of EMIH Lirnited. The directors believe that any differences that would have arisen behveen the year end of the company and the year end of the scheme wll not be malerial, therefore the disclosures above are a5 at the scheme's 31 March year end and not as at 31 January. Page 46

EMIH Limited Note8 to the Financial Statements for the Year Ended 31 January 2024 Prlnclpal actuarial a88umptions The principal actuarial assumptions at the ststement of financial position date are as follows.. 2024 2023 Discount rate Future salary increases Future pension increases Post r•tlr•m•nt mort•llty assumptlons 4.85 2.75 2.75 4.75 2.95 2.95 2024 Years 2023 Years Current UK pensioners at retir•ment age- male Current UK pensioners at rett'rement age - fernale Future UK pensioners at retirement age - male Future UK pensloners at retifement age - female 20,60 20.80 23.50 23,70 21.40 21.50 25.00 25.20 Tha 8onsitivits'88 regarding the principal assumption9 used to measure the scheme liabililip.8 an.> spt out below: 20Z4 £000 236 375 2023 £000 230 0.1% decrease in real discount rate l year increase in member lifv expectancy 0.1 increase in the Salary inrAease rate 0.1 % increase in the pension increase rate 363 31 202 231 Analysls ol assets The major categones of scherne assets are as follows: 2024 £000 151 11,350 2,421 2023 £000 271 9.773 2,307 Cash and cash equivalenis Equity instruments Debt instrument5 Property 15,133 13,573 Page 47

EMIH Limited Notes to the Financial Ststements for the Year Ended 31 January 2024 Reconciliatlon of schem• assets and Ilabllities to assels and liabllities recognised The amounts recognised in the balance sheet are as follows.. 2024 £000 2023 £000 Fair value of scheme assets 15,133 13,573 9,070 4,503 p￿sen1 value of defined benefft obligation 5,757 Other amounts note recognised In the balanc£ sheel Defined benefit scheme deficit Falr valu• of sch•ma assots Changes in the fair value of scheme assets are as follows: 2024 £000 13,573 654 161 464 2023 £000 Fair value at start of year Inlerest income 12.785 356 Contributs'ons by scheme participants Employer contrlbub'ons Benefits paid Other experience Actuarial retum on plan assets Fair value at end of year (236) (116) 434 360 15,133 13,573 The pension scheme has not invested In any of the group's own financial instruments or in propeths or other assels used by the group. Dellned benellt obllgatlon Changes in the defmed benefit obligation are as follows.. 2024 £000 2023 £000 Present value at start of yeaf Current and past seNice cost Interest cost Contrlbulions by members Benefits paid A¢tuarial (gains) and losses Present value at end of year 9.070 449 440 161 15.207 928 431 (236) 508 (1161 7,526 9,376 9,070 Page 48

EMIH Limited Notes to the Financia.1 Statements for the Year Ended 31 January 2024 Recognlsed in statement of fvnancial aetlvlties 2024 £000 449 2023 £000 928 Current seNice cost Interest income 654 356 431 Interest cost Pension scherne Inte￿5t (cost) 214 (75) 17 Flnanclal guarantee contracts Group The company has entered into a debenture a9re8ff￿nt wilh The Millennium Commission for any indebtedness by the company In favour of The Millennium Commisslon. The Commi55ion has a charge over all Ihe assets of the company. Page 49

EMIH Limited Notes to the Financial Statements for the Year Ended 31 January 2024 18 Fund• Group Balance at 1 February 2023 Other r•cognis•d 8•lance at 31 galn¥l(105I•8) January 2024 Incomlng Msourc Resource• •xpend•d Unrestrlctod fund8 General 28,702,856 9,071.302 (10,578.787) <229,000) 26,966,371 RaslrlGted fund8 60594 72,544 Total ffunds 28 714 806 10,651331 229.000 26 966 371 Balance at other Balance at 1 February Incomlng R•sourc•• r•cogni8•d 31 January 2022 re8ource8 expended Tran81•rsgaln81(10s8eg) 2023 Unrestrfct•d fund8 General 27.848,273 ;8;529,648 <9.985.'86:6) (11,950) 2,322,750 28,702,855 47.5..1.01 475.'101. Restrlcted lund• Total fund8 2,322,750 28.714 805 Charlty Balance at 1 February 2023 Incomlng re•ourc•8 Resources •xpended 8alance at 31 January 2024 Unrn8lrlctod fund• General 26,975,462 5.385,814 (7,121,757) 72,544 25,239.519 R•stricted funds 11,950 ToLg1 fund8 26 987 412 5 446 408 7 194 301 25 239 519. Page 50

EMIH Limited Notes to the Financlal Statements for the Year Ended 31 January 2024 Balanco at l February Incomlng 2022 sources Balanc• It 31 January 2023 R•8ourc•8 exponded Transfers Unr••trfcted fund• General 28,530,668 4,314,440 {5,857,697) 475.101 475 101 (11,950) 26,975.461 R•strf¢t•d lund• Total fvnd8 28 530,668 4,789.541 6,332.798 26 987.411 Page 51

EMIH Limited Notes to the Financial Statsments for the Year Ended 31 January 2024 19 Analysls of net assets b•lween fvnds Group Unrestricted Genoral Restrlcled fund• Total funds 2024 Tangible fixed assets Current asset$ Cuffent liabilities Creditors over 1 year Deferred taxab'on 22,151,152 6,489.432 (1,441.163) (245,000) 22,151,152 8,501,382 (1,441,163) (245,000) 9,663 11,950 Tctal net assets 26 964 084 26 976 034 Unrestrlcted Genoral Reslricted fund8 Total fund$ 2023 Tangible fixed assets Current assets Current liabillties Creditors over 1 year Total net assets 24,755,312 5,753.901 (1.421.358) 385 000 24.755,312 5.765,851 (1,421,358) 385 000 11,950 28 702 855 28 714 805 Charlty Unfestrfcted G¢n•r•l Rastrlcted fund• Total funds 2024 Tangible fixed assets Fixed a58et investments Current assets Current liabilittes 22,.128.331 22.128,331 7,031,387 3932 153 11.950 7,043.337 3932,153 Total net assets .25,227 589 11,950 25,239,519 Unre8tTlcted fund• General Rostrict•d funds Tolal fund8 2023 Tangible fixed assets Fixed asset investments Cufrent assets Current liabilib'es 24,726,921 24,726,921 6,775.839 4 527 303 11.950 6,787.789 4 527 303 Total net a55ets 26 975,461 11,950 26 987411 Page 52

EMIH Limitèd Notes to the Financial Statements for the Year Ended 31 January 2024 20 Related party transactlons Group During the year the charity and company made the folk)wing related party transactions.. Kingston upon Hull City Council Kingston upon Hull City Council is a Member of the company. G Chesters (Director) is an Honorary Burgess of the City Council and R Furley was an elected member Df the City Council during the whole period of these financial staiements. As the local aulhority responsible for the area in which the charitable group operates, the charity and the company have some Iransactions with Kingston upon Hull City Council. The total value of non-5tatulory services purchased from Kingston upon Hull City Counal was £7.739 (2023. £5.843). During the year the company received £433 (2023.. £1.965) income from Hull City Council. At the balan￿ sheet date the amount due to ￿'ngston upon Hull City Council was £581 (2023 - £2,669 due from). Unlverslty of Hull The University of Hull is a Member of ihe company, L J Morre15 (Director) is an employee of the University and G Chesters (Director) is an Emeritus Professor of Ihe University. The Univer81ty rents laboratory In The Deep Visitor Attraction and hire The Deep for corporate functions. The company invoiced the University £69,377 (2023.. £75,537) for ren( good5 and serwces over the course of the year. The company purchased goods and services from The University of Hull over the course of the year amovnling to £72.454 (2023.. £49,891). Al the balance sheet date the amount due trom Universty of Hull was £2,165 (2023 - £2.626 due tol. Bonus Electrlcal Group T S E Boanas is a director of the Bonus Electrical Group. Ouring the year the company made purchases of £13,622 <2023., £14.210) from Bonus Electncal Group At the balance sheet date the amount due toffrom to Bonus Electrical Group was £Nil (2023 - £2481. The 8rlti8h & Irish Assocl•tlon of Zoos and Aquariums18IAZA) Mrs C C Duke was a director of 81P2A until 6 June 2023. During the year, Running Deep Limited made purchases of £6.990 (2023.. £5.288) Irorn BIAZA. Al the balance sheel date the amount due lolfrom The British & Irish Association of Zoos and Aquariums181AZA) was £Nil (2023 - £Nil). The Con8tellatlon Trust Mr N G Porteus is a member, trustee and Chair of ihe Constellation Trust, a multi•academy trust comprising Hull schools. During the year, some of the schools within the trust may have wsited the Deep on fomial educational visits. Mr Porteus was not involved in any of the decisions of any of the trust schools to visit the Deep as these decisions are taken by the Local Advisory Board of the school and not the trust. At the balancc •hcct dote the amount duo toffrom The Constellation Trust was F.Nil (?n?3 - fNill. Page 53

EMIH Limited Notes to the Flnancial Statements for the Year Ended 31 January 2024 Mlcroganltlse Llmrted T S E Boanas is a director of Micro8anrtise Limited.. During the year. the company made purchases totalling £1,785 (2023: £1,389). At the balance sheet date the amount due tofftom Micr05anrti5e Llmited was £Nil (2023 - £Nil). Page 54