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