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2023-03-31-accounts

Report ofthe Trustees 1to9
independent
Examiner's		 Report 10
Statement
of Financial		 Activities 11
Balance Sheet 12
Notes to the Financial Statements 13to 26

(As restated)
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Note 8 9 9 E
Income and Endowments from:
Donations
and legacies		 136,147 10,000 146,147 127,329
Charitable
activities:
Research 82,004 82,004 55,505
Education 226,115 7,700 233,815 195,516
Other 29,696
Other trading activities 32,910 32,910 15,977
Investment
income		 43 43 1
Other income 50
Total Income 395,215 99,704 494,919 424,074
Expenditure
ont
Raisingfunds 89,150 5,789 94,939 107.703
Charitable
activities:
Research 76,731 127,877 204,608 107,607
Education 76,732 13,349 90,081 84,334
Conservation 88,658 88,658 130,545
Total Expenditure 331,271 147,015 478,286 430.189
Net income/(expenditure) 63,944 (47,311) 16,633 (6,115)
Transfers between funds 21
Net movement
in funds		 63,944 (47,311) 16,633 (6,115)
ReconcR)atiort offunds
Total funds brought forward 254,460 94,926 349,386 355,50'I
Total funda carried forward 21 318,404 47,615 366,019 349,386

2023 2022
f f
Donations 95,594 68,747
Gift aid donations 33,353 38,463
Adopt a lobster 17,200 19,119
Harbour
Holidays		 1,000
146,147 127,329
OTHER TRADING ACTIVITIES
2023 2022
Donation from NLH Enterprises 5,783 5.783
Functions
and		 events 21,464 6,950
Miscellaneous income 5,548 364
Room hire (640)
Juvenile sale 115 3,520
32,910 15,977
2023 2022
f
Deposit account interest 43
43
INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity f
Revenue grants Research 82.004 55,505
Revenue grants Education 61,040 13,360
Revenue grants Other 29,696
143,044 98,561
Admissions Education 172,775 182,156
315,819 280,717
2023 2022
f
University of Exeter 82,004 37,475
Heritage i.ottery Fund 3.340 13,360
The Steel Charitable
Trust		 7,700
Garfield Weston Foundation 50,000
JRS Furlough Scheme 13,696
COVID 19Small Business Grant 16,000
University ofEast Anglia 18,030
143344 98,531
7 RAISING FUNDS RAISING FUNDS
2023 2022
Raising donations and Legacies E
Staf costs 21,096 37,369
Function and events costs 701 282
21,797 37,651
Other trading activities
Purchases 937 1,037
Staff costs 43,508 49,019
Support costs (see note 9) 28,697 19,996
73,142 70,052
Aggregate amounts 94,939 107,703
8 CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
costs note 9) Totals
E E
Research 126,303 78,305 204,608
Education 28.353 61,728 90,081
Conservation 34,453 54,205 88,658
199,199 194,238 383,347

SUPPORT C OSTS
Other
trading 2023 2022
activities Research Education COnservatiOn Total Total
E E
Wages and staff costs 9,217 17,411 17,412 17,413 61,453 49,474
Social security 721 1,361 1,361 1,361 4,804 739
Pensions 192 363 362 362 1,279 1,529
Establishment costs 5,856 20,267 11,063 11,062 48,248 40,949
Insurance 1,176 2,220 2,220 2,220 7,836 7,466
Office costs 3,497 9,013 6,605 6,605 25,720 19,465
Marketing 2,227 4,206 4,206 4,206 14,845 12,383
Professional fees 2,624 6,207 4,957 4.957 18,745 15,782
Vehicle expenses 204 385 385 386 1,360 2,920
Finance costs
Deprecation
-leasehold
Depreciation
Depreciation
offixtures		 property
5fittings		 907
1,159
296
497		 1,713
2,188
11,799
938		 1,713
2,189
560
2,042		 1,712
2,188
560
939		 6,045
7,724
13,215
4,416		 6,386
7,724
13.488
4,416
Depreciation -computer equipment 124 234 6,653 234 7,245 7,246
28,697 78,305 61,728 54,205 222,935 189,967
2023 2022
E E
Professional fees
Examination
ofthe financial statements
Other accountancy fees		 3,000
4,514		 2,000
2,477
Miscellaneous legalfees 48 61
MR services 3,504 3.430
11.666 7.666

hlet income/(expenditure is stated after charging / (crediting):
2023 2022
interest payable
Depreciation
—owned		 assets 735
32,600		 1,546
32,874
Surplus on disposal of fixed assets (50)

STAFF COSTS
2023 2022
E
Wages and salaries 276,321 243,826
Social security costs 18,989 13,465
Other pension costs (defined contribution) 5,713 5,972
361.1123 263,263
The average monthly number ofemployees during the year was afollows
2023 2022
Wages and salaries 17 13

2022 2022 2022
Unrestricted Restricted Total
funds funds funds
6 E
Income and Endowments from:
Donations
and legacies		 119,829 7,500 127,329
Charitable
activities:
Research 2,000 53,505 55,505
Education 182,156 13,360 195,516
Other 29,696 29,696
Other trading activities 15,977 15,977
Inveatmerlt
inocme		 1 'I
Other income 50 50
Total Income 349,709 74,365 424,074
Expenditure
on:
Raising funds 101,570 6,133 107.703
Charitable
activities:
Research 58,015 49,592 107,607
Education 76,654 7,480 84,334
Conservation 113,262 17.283 130,545
Total Expenditure 349,701 80,488 430,189
Net income/(expenditure) 8 (6,123) (6,1 15)
Transfers between funds (8,637) 8,637
Net movement
in funds		 (8,629) 2,514 (6,115)
Reconcgiatlon offunds
Total funds brought forward 263,089 92,412 355,501
Total funds carried forward 254,460 94,926 349,386

INDEPENDENT
 EXAMINER'S REMUNERATION
2023 2022
Examination
ofthe fInancial statements		 3,000 2,000
01her assurance services (paid to 2022 examiner) 1,250 500
Other feesto examiners
All other services 3,250 1,977
All other services (paid to 2022examiner) 14

Leasehold Plant and Fixtures and Campu1er
property machinery
f		 fittingsf Library equipment
9		 Totals
E
COST
1-Apr-22 358,767 301,705 76,020 356 27,457 764,305
Additions: 1,863 1,863
31-Mar-23 358,767 301,705 77,883 356 27,457 766,168
DEPRECIATION
1-Apl'-22 160,451 236,002 61,669 356 12,966 471,444
Charge 7,724 13,215 4,416 7,245 32,600
31-Mar-23 168,175 249,217 66,085 356 20,211 504,044
NET BOOKAMOUNT
31-Mar-23 190,592 52,488 11,798 7,246 262,124
31-Mar-22 198,316 65,703 14,351 14,491 292,861

holding holding
Class ofshare Ordinary 100
2023 2022
6
Aggregate assets 11998 20804
Aggregate liabilities 11&97 20 803
Aggregate capital snd reserves I I
pl *0
I		 d hltp d hldlp, ~lh p I hp 1th htl Ihh
Hatchery,
The Nations( Lobster Hatchery is exempt from preparing consolidated financial statements asthe
group meets the definition ofa small group.
Accounts are filed with the Registrar ofCompanies. A summary ofits results sre given below:
2023 2022
8 8
Turnover 38,046 32,417
Cost ofsales (22,310) (17,308)
15,736 'I5,109
Administrative expenses (9,863) (9,236)
Net profit 5.873 5,873
Donation to The National Lobster Hatchery (5,873) (5,873)
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
8 8
Trade debtors 106,857 43,864
Amounts owed by group undertakings 9,257 16,059
Other debtors 1,710 14
VAT 9,158
Prepayments 12,134 10,220
129,958 79,315

NOTES TO THE FINANCIAL STATEMENTS FORTHE
CREDITORS; AMOUNTS
FALLING DUE WITHIN ONE YEAR		 YEAR ENDED 3SMARCH 2023
2023 2022
Trade creditors
Othe rcredito rs
Taxation and social security
Pension scheme creditor
Deferred income
Accrued expenses		 12,943
3,423
11,275
1,188
4,500
9,945		 11,024
12,625
5,425
1,419
14,500
7,764
43.274 52,757
2023 2022
Deferred income at 1April
Resources deferred
in the period
Amounts
released from previous periods
Deferred income at 31 March		 14.500
(10,000)
4,500		 3,000
12,500
(1,000)
14,500
Deferred income as at31 March 2023consists of patron donations forfuture periods and a donation
in respect ofresearch project.

At 1 April Net Transfer At 31
22 movement between March 23
in funds funds
(below)
Unrestricted
funds
Generalfund 59,231 70,676 129.907
Designated
fund		 195,229 (6,732) 188,497
Restricted funds 254,460 63.944 318,404
Lobster Grower 2
Lobster Module
New Chapter 2020
Lobster Ageing UEA		 5,259
56,195
22,399
5,636		 (11,239)
177
(2,197)		 5,259
44,956
22,576
3.439
UNDP
Euro SWAG		 5,437 (5,826)
(28,226)		 (5,826)
(22,789)
Total funds 94,926
343,388		 (47,31 'I)
16,633		 47,615
366,019

Incoming Resources Movement
resources expended in funds
f
Unrestricted funds
General fund 395,215 (324,539) 70,676
Designated
fund		 (6,732) (6,732)
395,215 (331,271) 63,944
Restricted funds
!obster Grower 2
Lobster Module (11,239) (11,239)
New Chapter 2020 7,700 (7,523) 177
Lobster Ageing UEA (2,197) (2,197)
UNDP (5,826) (5,826)
Euro SWAG 92,004 (120,230) (28,226)
99,704 (147,015) (47,311)
Total funds 494,919 (478,286) 16.633
Comparatives for movement in funds
At 1April Net Transfer At 31
21 movement between March 22
in funds
f		 fundsf
Unrestricted funds
Generalfund 61,128 6,740 (8,637) 59,231
Designated
fund		 201,961 (6,732) 195,229
263,089 8 (8,637) 254,460
Restricted funds
Lobster Grower 2 5,259 5,259
Lobster Module 67,434 (11,239) 56,195
New Chapter 2020 19,719 2,680 22,399
Lobster Ageing UEA 6,336 (700) 5,636
Euro SWAG (3,900) 9,337 5,437
92,412 (6,123) 8,637 94,926
Totalfunds 355,501 (6,1 15) 349,386
Comparative net movement in funds, inciuding in the above are asfogows:
Incoming Resources Movement
resources expended in funds
f f
Unrestricted funds
General fund 349,709 (342,969) 6,740
Designated
fund		 (6,732) (6,732)
349,709 (349,701)
Restricted funds
Lobster Module (11,239) (11,239)
New Chapter 2020 13,360 (10,680) 2,680
Lobster Ageing UEA 16,030 (9,694) 6,336
Euro SWAC 44,975 (48,875) (3,900)
74.365 (80,488) (6,123)
Total funds 424,074 (430,189) (6,1 15)

continued NOTES TO THE FINANCIAL
STATEMENTS FOR		 NOTES TO THE FINANCIAL
STATEMENTS FOR		 THE YEAR E NDED 3 1IVIARCH 2023
The current year (12months) and prior year (12 months) combined position is as follows:
At 1Aprii Net Transfer At 31
21 movement between March 23
In funds funds
(below)
E 9
Unrestricted funds
General fund 6'f,128 77,416 (8,637) 129,907
Designated fund 201,961 (13,464) 188,497
263,089 63,952 (8,637) 318,404
Restricted funds
Lobster Grower 2 5,259 5,259
Lobster hlodule 67,434 (22,478) 44,956
New Chapter 2020 19,719 2,857 22.576
Lobster Ageing UEA 4,139 (700) 3,439
Uh!DP (5,826) (5,826)
Euro SWAC (32,126) 9,337 (22,789)
92,412 (53,434) 8,637 47,615
Total funds 355,551 10,518 366,019
The current year (12months) and prior year (12months) combined
net		 year (12months) and prior year (12months) combined
net		 funds movement isasfollows:
Incoming Resources Movement
resources expended in funds
9 E
Unrestricted funds
Generalfund 744,924 (667.508) 77,416
Designated fund (13,464) (13,464)
744,924 (680,972) 63,952
Restricted funds
Lobster Grower 2
Lobster Module (22.478) (22,478)
New Chapter 2020 21,060 (18,203) 2,857
Lobster Ageing UEA 16,030 (11,891) 4,139
UNDP (5,826) (5,826)
Euro SWAG 136,979 (169,105) (32,126)
174,069 (227,503) (53,434)
Total funds 918,993 (908,475) 10,518