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2021-06-30-accounts

REGISTERED COMPANY NUMBER: 05474362 (England and Wales) REGISTERED CHARITY NUMBER: 1110501

REPORT OF THE TRUSTEES AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 FOR SEA SHEPHERD UK

SEA SHEPHERD UK

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Page
Report of the Trustees I to II
Report of the Independent Auditors 12to15
Group Statement of Financial Activities 16
Parent Statement of Financial Activities 17
Group Balance Sheet 18
Parent Balance Sheet 19
Group Cash Flow Statement 20
Notes to the Group Cash Flow Statement 21
Notes to the Financial Statements 22 to 34

SEA SHEPHERD UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The objectives of Sea Shepherd UK, as set out in the Memorandum of Association, are to conserve and protect the UK's and the world's marine ecosystems, habitats, and species. Sea Shepherd UK may also engage in conservation activities to protect freshwater habitats and species.

The organisation endeavours to accomplish these goals through public education, investigation, documentation and, where appropriate (and where legal authority exists under international law or under agreement of national governments) to help enforce violations of international treaties, laws and conventions designated to protect the oceans. All of Sea Shepherd UK's campaigns to defend marine wildlife or habitats are guided by the United Nations World Charter for Nature or other applicable national or international conservation laws, treaties, and regulations.

The charity exists to secure funding for marine conservation projects and to engage in campaigns and actions primarily in UK coastal waters and the North Atlantic region. It is also the charity's goal to engage in outreach to members of the public via talks, presentations, and events to educate people about marine conservation issues.

Funding is secured mainly from individual donors, company partnership agreements, trusts, legacies and occasionally via fund-raising events. Education and outreach are achieved through attendance with information stands at events across the UK and by visiting clubs, societies, universities, colleges, and schools to give presentations about marine conservation issues and the charity's campaigns.

Public benefit

Sea Shepherd UK has referred to the guidance in the Charity Commission's general guidance on Public Benefit when reviewing our aims and objectives and in planning our future activities. The Trustees consider how planned activities will contribute to the aims and objectives they have set.

Sea Shepherd UK works towards our goal of marine conservation by protecting threatened marine wildlife, investigating, and reporting illegal poaching of marine mammals, fish, birds, and many other species and by campaigning to protect fragile marine habitats. The Charity achieves these goals by engaging in outreach, education, with publicity/media and by undertaking conservation campaigns and actions. Sea Shepherd's campaigns are to the benefit of the UK's and world's population since protecting and restoring the oceans ensures fo d security for future generations and a healthy environment for all life on planet Earth, noting our oceans are the greatest natural source of global oxygen production while also providing the largest atmospheric carbon sink allowing all life to survive. Protecting the health of the oceans, ecosystems, habitats, and all ocean wildlife for the world's future generations is the primary goal of Sea Shepherd.

Outreach events and educational talks by Sea Shepherd UK are open to all members of the public, no limitations are put on people who may volunteer with Sea Shepherd UK or attend outreach events, less instances where the Trustees believe there is a risk that any individual may intend to break any national law or otherwise where any individual may be assessed as liable to bring the Charity into disrepute by virtue of inappropriate behaviour, including particularly any racist acts or religious or other hate speech of any kind.

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SEA SHEPHERD UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

OBJECTIVES AND ACTIVITIES

Sea Shepherd UK has continued to build on and improve our outreach and educational activities undertaken at both closed and public events, universities, schools and clubs in England, Wales, Scotland, and Northern Ireland. Sea Shepherd UK acts entirely within the laws of the UK (and other relevant national legislation where the charity operates). Sea Shepherd UK cooperates with law enforcement and all government authorities when required and has no court rulings or ongoing legal proceedings against the charity, company or trading subsidiary.

Grant making

Grants payable are monies paid to Sea Shepherd Global, Sea Shepherd Conservation Society, and Sea Shepherd Scandinavia. These are linked charities based in Amsterdam and USA undertaking similar charitable activities and there are other linked charities with regard to other Sea Shepherds across the world.

Strategic Objectives for Year 2020/2021

The strategic objectives for Sea Shepherd UK during the year 2020/2021 were to raise awareness of current marine conservation issues (both in UK territorial waters and internationally), to investigate, document and expose to the media and/or relevant agencies issues facing marine wildlife. Sea Shepherd UK also engages in campaigns when required to protect marine wildlife around the UK and North Atlantic region while also actively restoring coastal waters by removing marine debris and lost/discarded fishing gear which may harm marine wildlife.

The Charity also aims to positively influence changes in behaviour of the public, companies, and policy makers by promoting ethical and beneficial changes which benefit both the marine environment and the human population. Sea Shepherd UK also liaises with environmental, legal, regulatory and enforcement agencies as necessary when planning and engaging in campaigns around the UK's coastline.

Sea Shepherd UK also provides funding via grants, specialist equipment, small boats or practical assistance for marine conservation projects and campaigns by similar charities and NGOs which conform with Sea Shepherd UK's mandate and ongoing campaigns.

ACHIEVEMENT AND PERFORMANCE Charitable activities

Presentations and educational talks were given at a variety of events, clubs, societies and institutions around the UK and the charity has 20 Regional Coordinators working with 32 Senior Volunteers who have the skills and knowledge to support our increasing talks, events and conservation activities to reach a wider audience and to help manage our team of around 280 volunteers primarily in England but also in Wales, Scotland, Northern Ireland, Shetland and Orkney.

With a steadily growing supporter base and more experienced volunteers than in any previous year, the charity attended local events where COVID-19 restrictions allowed, including attendance at scuba diving, vegan, vegetarian, environmental, ethical and green living fairs, music, artistic and other events as well as organising dozens of volunteer-led public beach cleans around England, Scotland, Wales, and Northern Ireland.

Sea Shepherd UK continued and expanded on our three major campaigns, trialled two further actions (which may in tum lead to new campaigns) during the financial year and continued to build on our collaboration with Scuba Diving International (SDI/TDI) on our world-first fully accredited Ghostnet Recovery speciality diver course with Sea Shepherd UK also becoming a registered SDI/TDI dive centre (a first for any marine conservation charity)

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SEA SHEPHERD UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED30 JUNE 2021

Sea Shepherd UK's Ghostnet Campaign

Recovering ghost nets and other lost/discarded hazardous fishing gear which indiscriminately kills marine wildlife for hundreds of years.

Every year around 630,000 tonnes of fishing gear such as lines, discarded nets, pots and other fishing industry gear are lost or discarded into the oceans and this already shocking figure is increasing.

This marine debris is known as 'Ghost Gear' because of its ability to continue killing wildlife long after the fishing boats have left it behind. Around the UK this lost and discarded fishing gear is the second largest source of marine debris with over 1250 kilometres of nets alone being lost in UK waters each year.

There are many reasons that fishing gear is lost or discarded at sea:

1. Entanglement with other vessels gear, snagging on wrecks or on natural topography such as reefs and rocks

2. Fishing nets and lines breaking loose or having to be cut free for vessel safety reasons

3. Risky deployment in poor sea conditions

Once lost or discarded, sections of fishing net and other fishing equipment can drift through the ocean or be left snagged on wrecks, rocks and reefs indiscriminately killing marine wildlife for decades.

How Sea Shepherd UK helps:

Since January 2018 Sea Shepherd UK's Ghostnet campaign has used our highly experienced volunteer divers with Sea Shepherd UK's rigid inflatable boats (primarily Shadow, Phantom and Ghost) to survey UK coastal waters looking for discarded fishing gear (DFG) who recover all for safe disposal or recycling where possible. The divers are deployed to a potential or reported ghost gear site on one of Sea Shepherd UK's RHIBs where underwater 3D scanners pinpoint wrecks and sites to dive. Our crew look for wrecks located particularly near intensive netting and creel fishing areas as the equipment often becomes snagged on wrecks and rocks. Sea Shepherd divers also check nearby areas as the water currents can move the ghost gear along the seabed to other underwater features where it may become entangled.

The campaign divers survey the wrecks to ensure that any nets or post can be removed safely and have not been down there so long as to have formed a habitat for marine life. Enormous care is taken not to damage the wrecks. Sea Shepherd UK works within the regulations and guidance of the Maritime Management Organisation (MMO), Natural England and Historic England who have approved our method statements and the charity obtain official permits whenever applicable.

Sea Shepherd UK has been expanding the Ghostnet campaign during 2021 and has now acquired a dedicated I I metre Offshore I 05 dive boat named 'Spectre' which once upgraded will be based on the Northeast coast of England as there is a particular problem with lost creel pots and related fishing lines and ropes on the many wrecks around the coast (an issue the charity's crew have been working on during 2021 using the smaller boats 'Shadow' and 'Ghost').

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SEA SHEPHERD UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

Sea Shepherd UK's SDI accredited Ghostnet Recovery course Training divers to safely and responsibly clean our coastal waters

To support our Ghostnet campaign, our charity teamed up in 2018 with training agency Scuba Diving International (SDI) to offer the world's first fully accredited speciality course in Ghostnet Recovery on a non-profit basis to encourage more divers to join our campaign and get involved in cleaning up our coastal waters.

The specialist course lasts two days and includes four dives with theory classes in between. Candidates need to be qualified to SDI Advanced Adventurer or equivalent level, be over 21 and able to show that they have carried out at least I 00 logged dives.

Working with SDI means that the charity can ensure that all our divers remain as safe as possible in challenging conditions, that our boats and crew are properly insured and recognised for ghost gear recovery, and that all ghost gear is removed with no impact on the marine environment or underwater archaeology.

Sea Shepherd UK's Marine Debris Campaign

Beach cleans around England, Scotland, Wales and Northern Ireland

Recent estimates state that there are 86 million tonnes of plastic in the oceans - more than 5 trillion pieces with most being less than 5mm in size. Human activity adds 8 million tonnes to this total every year, with plastic particles outnumbering plankton by 26 to I in some areas of the ocean. In 30 years, if humans carry on this way, the weight of plastic in the oceans will be greater than the weight of fish.

Often the only time people come face to face with marine debris is when walking along the beach, but what they do not often see is the damage that litter and discarded fishing gear does to wildlife. On campaigns all around the world, Sea Shepherd volunteers see the terrible effects of marine debris and plastics on sea birds, turtles, whales, dolphins and fish.

How Sea Shepherd UK helps:

Our Marine Debris Campaign is part of a global effort by the Sea Shepherd movement around the world to bring volunteers and members of the public together to undertake beach cleans in their local area. Beach cleans are an excellent opportunity for people to witness first-hand the effects their everyday choices as consumers have on our most valuable natural resource, the oceans.

Sea Shepherd UK encourages people of all ages and backgrounds to join us for a few hours to clean an area of local beach, examine the findings and talk about how everyone present can encourage others to reduce their impact on our beaches. Sea Shepherd UK's volunteers then ensure that the collected rubbish is disposed of responsibly, often in cooperation with local councils or it is recycled where possible.

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SEA SHEPHERD UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

Operation Bloody Fjords

Documenting and exposing the cruel and unnecessary grindadrap drive hunts of Pilot Whales and Dolphins in the Faroe Islands

Every year in the Faroe Islands around 850 small cetaceans, primarily long finned pilot whales and Atlantic white-sided dolphins are massacred in drive hunts called grindadrap in Faroese. The 'grind' as the hunts are commonly called, can happen at any time at any one of the 26 designated killing bays around the islands, with most of the hunts statistically occurring between July and September.

The grindadrap hunts have no season, no quota and the Faroese rarely do not authorise a hunt when a pod is spotted, unless the weather or sea conditions are too hazardous for their boats. Every member of the pod is killed including pregnant mothers and young calves.

The grind would be totally illegal under UK and European Union legislation, because in the EU (including the kingdom of Denmark, of which the Faroe Islands is a part) it is not only illegal to kill pilot whales but illegal to harass, stress, chase or touch any whales or small cetaceans.

The Senior Veterinarian at the Faroe Veterinary Service calculated the average duration of killing during grindadrap hunts at 12.7 minutes, and Sea Shepherd crew often record killing at grindadrap taking over 20 minutes.

In 2008, an article in the New Scientist told how Faroese chief medical officers deemed whale meat unsafe for human consumption because of high mercury content. They detailed how mercury poisoning could trigger a range of ailments including foetal neural development, high blood pressure, circulatory problems, and possible infertility.

How Sea Shepherd UK helps:

Sea Shepherd UK sent 13 crew in 2020 over two months to the Faroe Islands to record and document the whaling practices taking place, in order to expose the cruelty inherent in the grindadrap and to document, then report, the hunts to the world given no other campaign groups send their volunteers or crewmembers to the islands.

In 2021 Sea Shepherd UK launched our 6th campaign in the Faroe Islands (Sea Shepherd's 13th campaign) using primarily Danish and Scandinavian volunteers, due to local restrictions regarding COVID-19, where our crew and local collaborators documented a series of long finned pilot whale and dolphin hunts and generated significant UK and foreign media interest around the issue.

Sea Shepherd UK raising public awareness and education:

Sea Shepherd UK continues to increase our supporter base and followers, working to engage more people in our work and increase our funding support. The charity currently shares our campaign news, activities, and events via its website, Adobe portfolio pages and various social media pages.

The charity is also improving our Education Project which was launched officially in August 2020 with dedicated web pages designed for Key Stages I to 4 teachers and students showcasing both teacher resources and student self-led activities. The project is also being linked to our Marine Debris Campaign providing beach litter picking equipment to schools in Scotland with equipment designed for children so they can participate in staff supervised beach, riverbank or other local cleans. The project also includes plans to provide schools with talks, materials, and potentially field trips to the coast to meet with Sea Shepherd UK coordinators to talk about marine conservation, plastic, and other hazardous pollution such as ghost fishing gear.

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SEA SHEPHERD UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

Other achievements in 2020/2021 also included:

Sea Shepherd UK also continues to provide expertise and/or financial support for a range of international marine conservation projects or ocean-going vessels which are managed by various independent Sea Shepherd entities or other organisations which meet Sea Shepherd UK's ethical and/or conservation aims.

COVID-19 effect on the operations of the charity and trading subsidiary:

The COYID-19 pandemic with various lockdowns and travel restrictions affected many of our charity's activities, cancelled virtually all our events for 2020 and delayed campaign action in 2020 and imposed some restrictions on activities in 2021. However, Sea Shepherd UK's supporters have continued to be amazing both donating and fundraising for us during the last two years.

Our UK volunteers have increased their beach cleaning activities despite limitations on public participation. Our boats 'Shadow' and 'Ghost' have been deployed on ghost gear (ghostnet) assessment and recovery duties while boats 'Siren' and 'Phantom' are now together working and supporting training activities in the North of England and Southern Scotland. Both Siren and Phantom have also been loaned to a Marine Mammal Rescue organisation to train medics for marine mammal strandings and large whale entanglements.

FINANCIAL REVIEW Financial position

Sea Shepherd UK is committed to optimising our operating costs while growing and developing our charity, while also increasing revenue to allow maximum financial benefit for the marine conservation campaigns, projects, and outreach education which the charity manages or supports. As a result, the Trustees and staff work continue to work from home while over 340 volunteers assist in supporting a diverse range of campaign actions, events, training, education, and outreach activities.

The financial activities of group are as set out in the attached financial statements. During the period under review, the overall income was £1,031,167 (2020: £543,999) and overall expenditure was £612,554 (2020: £534,600) resulting in net income of £418,613 (2020: £9,399 net income). The total of the accumulated Unrestricted General Fund at 30 June 2021 was £755,088 (2020: £336,475).

Sea Shepherd UK (charity) is the sole shareholder of a charitable trading company called 'Sea Shepherd UK Trading Ltd' which is administered by its own board of unpaid Directors and from which merchandising profits are donated to Sea Shepherd UK (charity).

Shepherd UK Trading Ltd has donated significant profits to Sea Shepherd UK during the financial year as well as continuing to invest in physical stock to supply increased sales. The trading company now utilises the services of a major fulfilment centre based in Northamptonshire and has increased its range of ethical and environmentally friendly Sea Shepherd logo merchandise items. Sea Shepherd UK Trading Ltd supplies merchandise to Sea Shepherd UK's volunteer lead outreach events and raises funds via a successful new Shopify powered webstore.

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SEA SHEPHERD UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

Sea Shepherd UK at times supports vessels operated by other Sea Shepherd entities by providing grants for maintenance and on occasion paying directly for repairs to vessels. Sea Shepherd UK also may provide specialist safety or personal protective equipment, boat or ship parts manufactured or prepared in the UK when specifically approved by the board.

During 2020 AND 2021 Sea Shepherd UK provided support for our volunteer chapter based in Northern Ireland with educational materials.

The process of restricting costs and improving structure by utilising skills from an increasingly talented volunteer base continues. Sea Shepherd UK continues our policy of not paying for dedicated office space and has negotiated discounts whenever possible while engaging the services of One Blue Marble (a specialist charity development consultancy).

Sea Shepherd UK continues to seek to encourage more pro-bono work from our valued volunteer base and from supporters including our Honorary Patron, Honorary Ambassadors, and our Board of Advisors.

Sea Shepherd UK is represented on a modern website which has been designed and maintained by Omonix Technology (UK, USA & Australia) while a changeover to Wintercorn (a specialist provider based in Norfolk, UK) is in progress. Sea Shepherd UK has a secure and dedicated website on its own server backed up to an encrypted cloud server. Sea Shepherd also utilises secure online form submission platform and database and is fully UK-GDPR compliant.

Principal funding sources

The charity continues to be reliant on donations and legacies from both individuals and institutions together with income raised from fundraising events and dividends from its wholly owned merchandising subsidiary.

Investment policy

The present investment policy is to maximise interest earned on short to medium term deposits offered by the charity's bankers. The trustees do not consider that current or projected levels of unrestricted cash reserves require a longer-term investment strategy.

Reserves policy

The Trustees have reviewed the reserves of the charity and Sea Shepherd UK maintains a £60,000 reserve on account.

While the charity does not own premises or land or deal in investments - it has significant physical assets in the form of boats, trailers, vehicles, and specialist equipment used in the typical day-to-day operations of the charity which includes the following:

'SHADOW' Humber Ocean Pro 7.5m RHIB Asset value: £23,000

'SIREN' Humber Destroyer 5.5m RHIB Asset Value: £14,000

'GHOST' Atlantic 75 RHIB Asset Value: £18,000

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SEA SHEPHERD UK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

'PHANTOM'

Humber Destroyer 5.8m RHIB Asset Value: £ 12,500

Plus two support and boat trailer towing and launching vehicles:

Yr.2014 Toyota Hilux Value: £11,000

Yr.2013 Jeep Grand Cherokee Value: £13,000

As at 30 June 2021, the unrestricted, free reserves of the charity (that is those funds not tied up in fixed assets and restricted reserves) amounted to £615,189 (30 June 2020: £148,202). As at 30 June 2021, the unrestricted, free reserves of the group (that is those funds not tied up in fixed assets and restricted reserves) amounted to £679,765 (30 June 2020: £258,627). The trustees are satisfied with this position.

Going concern

The charity and group has cash resources and has no requirement for external funding. The trustees have a reasonable expectation that the charity and group has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements. There are no material uncertainties about the charity's or group's ability to continue as a goi�g concern.

FUTURE PLANS

Planning for 2021-2022 regarding events and outreach is expected to be unpredictable due to COVID19 and the latest omicron variant. Therefore, Sea Shepherd UK will aim to become far more active on a local level with our coordinators and volunteers engaging on patrols and mini campaigns within their regions. Sea Shepherd UK will be working on localised illegal fishing/poaching, marine debris removal from 'Source to Sea', investigating industrial pollution and more ... while developing and finding new partnerships with other NGOs/charities.

Sea Shepherd UK will continue our determination to bring about the end of the Faroese grindadrap and we will return in 2022 for a major campaign for 6 months with more Danish and Scandinavian crew joining our UK and EU veteran crew with new equipment and professional media teams.

Sea Shepherd UK will be engaging in more ghost fishing gear retrievals especially along the Northeast coastline of the UK utilising the new dive boat 'Spectre' backed up my 'Ghost'.

Sea Shepherd UK will launch a new 'Sea Shepherd UK DIVE' initiative for the scuba diving and freediving community across the UK to promote ethical diving and reporting of marine conservation issues to Sea Shepherd UK.

The charity also is also upgrading our fleet of boats so we can become more effective in our marine conservation work. The charity's new dive boat 'Spectre' will be launched in March 2022 with upgraded electronics for day and night operations, and the Charity's new Landing Craft 'Selkie' will begin campaigns in April 2022 carrying out patrols, marine debris collections, dive operations and to support the work of several new collaborations I coalitions of conservation groups and agencies working to combat wildlife and habitat threats around the UK's coastline. [See previous note on these vessels]

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SEASHEPHERD UK REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021 Sea Shepherd UK alg) aims io some Me￿ patrowinspeaions of ftsh farm si$ and monitor iliegAI rishing around the we￿ of Scoda￿l aThl ar(yJMI the Scottish ￿lands. On th¢E￿ coast orsc￿land0u[thWlty.5 lo¢DI r￿dInatLYSa[e￿l3ol￿551nith¢De<d w wtyeadesiBnad seal haul-outs wher¢ harnssment by human￿1(￿￿1$￿do￿s artd ial thDnes is Lusing seals disiress %vhich can lead to ￿LentiallY liFc4hreaienin8 Silu￿1¢￿$ for scal pu 5TRUCTVR& GOVERNANCE AND MA14AGEMENT G•vtrDlng doe￿￿ent The organisaiion is D ¢harithbl¢ ￿mpanY limiioj by 8uarantre. in¢or￿[4 on 7 June 2(M)S and JYBistered as a char¢iy on 20 July 2005. Tr comparty was t￿blished under a McmoraTKlum of ASS￿la(10n which csthblished the objects and of the chariiable comp￿5 ard is 8overn¢d ut)der its Anicles or A5￿)ciaLl0n lamerKkd and adopi•J onthe 17th ofD¢¢¢mkr20141. Inihe evem oftk ¢LKnp￿Y bein8 wourhd up, memt¢ws IITU51ee51 are required io conirilxthe an exceedin8 £1. RttrnItth￿t ppol•lmemt of new trwtoos Th¢ direthor5 of th¢ company are al￿ ¢kniy f( the wrposes of charity l&w. Currenily there ar¢ rive seryinA Irus¢ee51see paRe 10} and uThJ¢r th¢ requ1￿ments of the Aniclcs of A5￿ciall0ft the ￿5¢$ ore elecied 10 serve fora p¢riod of three yeaTS until th¥. Ihird AGM from the da ofelLrlion land no longer than the third anniv¢rsJry frwn the d•ie of ekciicd)). R¢iirin8 tyus¢s are eliiibl¥ for re4ecihon. In any event, Ihe number ofseryins Iru5tces should be n(x le55 than iwo. Per IheAnicles ofA$9xL￿lts￿. the members mthy wp)seand Bppoim any willin8 person as a Tnjstee for the charil).. A Tru5¢'5 tern of office is Ihrny y¢w5 fmm thc da 0[ap￿intmeTrL When consid¢rin8 a nomin4i¢d Trus￿, the ¢harity iiill considcr the skills r¢quire& th¢ 5kilLs of ¢.xiaiTh8 Trus1tt5 and or the P[0Frf￿ Trusice. OwnlJatlonAI Jtrnetur¢ The ¢hariLy is mana8¢d by the BLwd ofTru5tees who dele8ale day-l<￿Y wsks io ihe Chief Opcrniing oirJ¢er ond the Char>ly's Volun(ttr and Ev¥nL8 OITicer. The ¢h8T¢iy also may appoini paid ¢M¢￿0￿S 10 undertake spcciolim 14sk5 whi¢h the ¢hariiy'S SthtTc8nno¢ fuifbl. &nd ihe ¢hariiy'5 volunicers may a150 fullil roles on behalf of the clwiiy wlicularly for r¢&ior￿ voluner c()rdlMii￿ or marine c(mwYaiion ¢ampaign rclulcd role The Trumees SthtYm¢mbus are irt rtgular Communi¢￿10￿ rew ve cirnpiled by the Chier Operniin8 oifi¢¢rio Yecord the charil)"5 ￿1vIlle Group slrn¢¢u Sea S￿therd UK ￿ • Forem coffi[￿y. li hws orK wholly owrd subsidiary company: Sea sh￿e[d UK Trading L¢d. Imdu¢tlon •ud lrnltt18 ofnew trusltts Neil. Tnth5 li'ould ￿ made familiar with the ijbiwlives busirKss plan and fina￿1&1 sthtus ofihe ¢h&ri(y. Tru5ttts M'ill also be given & copy of the r¢kv￿1 8uidarKe material fr¢xn lh¢ Ckniiy Commission. All T￿￿tt$ are also given copies of releyani mawial toa55iSt them in uTh)'ingoui their8overn8Ke mks (such as Ihe Public Binefil Guid¢ of th¢ ChDrity cL￿mISSi￿ of En#W &HJ WaJe51 undertake training Ihrou8h th¢ir nornial employed ￿1vIlle￿ Key maagernent rtmuoerAtIo• The considerihat th tru5e5and thechief0￿￿1LDB Officerare th¢ Key ManJ8emeth beir those with the auihorily a￿1 re5wJnsibiliiy io direo und conuol the ¢hariiy. Th¢ rtmun¢rn(ion policy for all employee5 i5 lo match th¢ skills, experi¢n¢e And qualifi¢a¢ion5 of ¢Dch w5ilion consi51enl wilh a framework allowing Mark￿ l¢v¢is in the loca]ity ofthE employmeni bASC.

SEA SHEPHERD UK REPORT OF THE TRUSTE FOR THE YEAR ENDED30 JUNE 2021 Rl%k manaeethtnt TheTru51eesond Officersconltnue to asses5 and ideThknfy the major risk5 appIic8ble ioihe¢hariiy and believe Ihai all appropriaie aciion has been iaken ¢0 miii801¢ poniial risk& The Trusl¢es will continue to keep the adequacy of the systems urtder revieiv. REFERENCE ANDADMINISTRATIVE DETAILS Regtst¢r¢d Company nwmbtr 05474362 (England aThl W&lesl Reglsttttd ￿￿rIty number Reetstered offlee 27 Old GIoy¢c51¢r Str¢¢t London WCIN JAX A L Oliver S P WAIsoTh PFWotso D A Vince lappoind 17.6.211 A H Cornelissen lappoind 8.4.21 Chlef OperA¢ln¥ Offl¢¢r RDRefyd Company S¢retAry RDRead Audltor Niialic Boyle In51itule of ChBrtcred A¢¢ounianis ofEn8land ond Wale5 Hardie Caldivell LLP Chanered Accounl¥nls Cilypoint 2 25 Tyndrum Street Glasgow G4 OJY Soll¢lto Russell-cooke LLP 2 Pulney Hill Lon SW156AB Clyde & Co LLP The Sl. Bololph Buildin8 138 Hound5diich London EC3A 7AG io

SEA SHEPHERD UK REPORT OFTHE TRusfEES FOR THE YEAR ENDED 30 JUNE 2Q21 Bgnk•rJ Natwwt Battk PLC Bouwen¢ Ho￿¢ Branch POBox281 156 Flee¢ Street London EC4A 2LL STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees (who ir¢ also the dirrflors of S¢a Shepherd UK for th¢ puTpose5 of company law) a responsible prepArln8 the Report of the TNMee5 and the flMnel81 siaiements in &¢cordw¢e wilh Ipplicable law ind United Kin8dom Accouniin8 Sthnthrds Iunlted Kln8dom Oenernlly Accept¢d Acw)unlin8 Pr4ciice). includini Fimncial Reportill8 Standard 102 ￿h¢ Financial Reponin8 Stsndud appli￿ble in the UK •Thl Wlk of Irel￿d, Compiny law requlRs the trumeei to prepwe flnffi¢ial itstements for e￿h llnartelll yev wthlch 8lv¢ • ¢ru¢ and fair view of the sthi¢ of affalrs orth¢ group and the choritsbte ￿mPanY ind ofthe In¢omlng resowees artd application of re￿￿￿¢5. includlng the Ineorn¢ ind ¢xprndityre. of ih¢ Broup aml ¢horithbk Com￿nY for th•t period. In prepavingthdefimncial ilatem•nM. the inues wtre4ulred ￿.. se1￿1 sui¢•bl¢ ac¢ounlin8 policiu WKI thm ipply them ¢ons1s￿￿￿y. obier¥e the methoth ind prlnclplu In the Charliy SORP; mthJud8emertts artd estimates that ire ruionable and prud¢M' pryreihe finincitil siaitrnentioii the8oln8 concembuis unlem it li In•ppropriateto prewme Ih•t the 8roup Ind ¢h4Fithble ¢ompaThy wlll eontin4 in ¢￿￿11¢n. The tr￿￿EEl are I¢4￿nSibl¢ for k¢¢pln8 proper accourttin8 r¢cords whlch dlKlvx wlth r¢4nthl¢ •ccvrny 41 •ny ilrn¢ ihe fln•n¢l41 p)51ilon of the 8roup •nd charfthble ¢ompwny and io enable ihem lo ¢n5ur¢ thli the fin￿¢11 stitm¢nts wnply with the CompAnies Aei 2006. They •r¢ •lso r¢sponslbl¢ ror gafe8uudin8 ihe of the 8roup iftd Charltible ￿m￿nY henee for Mkln8 reawn•bte ps r ¢h¢ pr¢¥ffiUon Ind d¢￿10Th of frwd •nd o¢h¢r Im8ul•rl¢lM. In ￿ far as the tyyM¢¢$ ar¢ ¢ww¢: thor¢1s norelevam •udli Inforn￿lon ofwhi¢hthe 8roup ar￿ ¢hrhable¢offlpmy'i audlws ue lh¢ ¢nottt5 ￿ve t4k¢n oll ps ihat Ih¢y ou8ht to have tak¢n to make themselvu •wJreof Any relev•niiudli infonmiiott ind to est1b1lshth￿ ihe iudiiorsire aware of ihit ithforniaiio11. AUDITORS The iudliors, Ho￿le thldwell LLP, will be woposed ftirre•ippolntment * the forthcomin8 Annu•l Genernl Mettin& Jun 28. 2022 Approved by ordwof thE Bowd of on Al￿ 5i8ned on its behalf by: A L Ollver-Trusthe li

SEA SHEPHEIID UK REPORT OFTHE INDEPENDENT AUDITORS TO THE MEMBERS AND TRusfEES OF SEA SHEPHERD UK Oplnioo We haw& audiiedthe ￿n5011d￿d finan¢ial s¢at¢ments of Sea Slyherd UK forthE yeu erNled 30 June 2021 which ¢onwis¢ the Groyp Stsm¢nt of Finanehal Activities. the Parent St&temeni or rinancial Activiti4 the Group Balance She¢ the PaTEnt Balartce Shee( the Group C&sh Flow Ststemenl ¥nd notes to the financial statsments. Includi￿ a summary of 5ignificant4ccountinÉ p)licies. The financial porting fram¢work that h05 be￿ applied in iheir preparation is applicable law and Unid Kingdom A¢counlin8StsndaTd5lUnid Kin8dom Generally AeceNd AceouMin8 Praetiee), including Financial Re￿Ing Sthndard 102 'The Fin￿141 Reporting S¢and4rd applith in UK and Republic of Ir¢lJn&. In ouropinion the finaficial sthmertts'. giv¢ a tnK and fairview of th¢ sta¢¢ oftlK8royp and ¢harltsbl¢¢ompany￿ affalrn As at 30 June 2021 Or￿￿1r incomin8 re50urce5 Ind applictttion of resLwr¢es, irteluding their irKcffle And expendibjre ftrfihe year then ended: have been properly wepared in a¢cordan¢¢ with Uniied Kin8th)m G￿erallY Aeceoed Awountln8 Praetl¢4 i￿lUding finan¢ial Reportiths Startdard 102 Tr Flnanclal Reportin8 Stsrtd&rd applicable irt theUK ortd the Rwblic of Ireland,: 8nd have trten w¢pRr¢d in acc￿danCe with th¢ requirements of the CornpJni¢s Art 2006. foroplnloth We conductedouraudit in accorthncewith Inlernational Standwrds on Aud•tinB (UK)IISAs (UK)) ond pplitable law. Our responsibilities urtder those St￿￿rdS are fiwther described in Audito Te5ponsibilitie5 forthe 8udil ofthe fin8ncial stat¢rnen15 seclionof our re￿ We are Inde￿dEnt ofthe grOUp￿d charithblecompany inaccordart￿Wlth theahical requirements lh are relevantlo our8udit of the fuwi¢ial statements irt the UK irteluding the FRCS Eihical Standard, and we have fvifilied our her ethical reSp[￿SIbilItieS in accrydance with these requirements. We believe that1￿ audiievidaKe we have obtain¢d 1$ wffKi¢nl and appropriateto ￿0VIde a ba515 forour opinion. Cothtiuslons TelAttn8 to golnitotstern We lthve nothin8 torg)ort Inrwiof thefollowlrtB matters inrtlatiorttowhieh the ISAs{UK) rwuir¢ 3 io report to you where: the trwes' use of going eoneern Imsis of le￿￿11fts in the pwjrnion of th financial statements L5 not wryriate: or the trustees have not di￿]0$ed ift finoncial smtements any identified fftwerial un¢ertain¢i that rnay c&4t 518nificant doubt aboutthe group and charitable complln￿s ability to coniinue athpt tlle 80in8¢Orteern basisofaccountin8 fora ptriod of ￿ leuttwelvemLMuhs fromtheda when the finoneial Statemer￿are4UthotiSed for issue. Other InformAelon Thetrustees art reS￿￿ible forthe ￿her irtfomiatioN The other irtfomiation c(thprises th infornwion Included in the annual rep￿ other than the financial and our Report of th¢ Inthpendent Audit¢xs ¢he￿rn. t)Jropinion on the fina￿la1 statwllents th$ notcov¢rthe other infornijlion •rO Mtdo rtotexpress any rorffl of assur￿ ￿￿1￿10￿ the￿. 12

SEASHEPHERD UK REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS AND TRUSTEES OF SEASHEPHERD UK In connection with our audit of the financial statemeM& ow rtswnsibility 1$ to read the other infomtion an4 in doing so. consider whether the ￿her is materially LIICOILS15tent with the financial ststements w oyr k￿wI￿ge obthiDed in the awlii or otherwise appears to be materially mi5Stad. If. b￿d on ihe work we have we conclude thai thert is • moteriaj misstatemettt of this other infcffmali0￿ we Ve r4uired thai faa. We ￿¥¢ nothin8 lo reFvrt in this rc8ard. Opinioll ON other ThNlt¢r¥ PT¢xrfbed by Ihe CompAil¢s Act 21M6 In rALr Opinio￿ based i)n the work undertaken in the ¢(￿r5e of the audii.. the infonnaiion given inthe Repon of ihe TnL51ees forthe financial yetr for which the finartial Statements are p￿Pared is consistrni with ihe fin￿￿181 statements: and the Report of the Trustee5 has been prepfrttd in #ccordwnce with ipplic4ble le8￿ requirements. Matters on which wt Are rtqulr¢d to report by exceptlo In ihe lis￿ of the knowledge and Undttstar￿ing of the 8mp and clwithble compmy its environmeni O￿lirted in the eouTSe of the audiL we ￿ve nol identified maierial misstotements in ihe Ryrt ofthe T￿￿tr¢S. We ￿Ve rtothin8 to iYi>)rt in resp￿1 of ihe followin8 M￿¢￿$ where the Chariiie5 Acc4)unts (Scotlandl Regul￿10n5 2006 las amerhjed) wuirts us to rewt io you if. in our opinion.. thechariiablec(¥nPAny ha5 not kept Fyoptrand￿equate accountin8 recordsor retUrnsadequ￿t r¢Y our audii have Dot been received from brwches visited by us: L the fina￿111 stslements are ￿ in 1￿CeMent wilh •ccourtlin8 r&ord$ #nd re¢wns; or certain disclosurts of trustees, remuneraticffi speeified by law are noi made: or we have Mt received 811 th¢ inform¥lion and eX￿an￿lon5 we require for our audii.. or the In￿1￿$ We￿ not ¢nlida w ¢•ke advanta8e of the smill companies exemption frorn iht rwuiraneni io Fryare a S￿￿e91¢ Repcri (rf in peparin8 the Report of ihe Respothsibilltla of ¢ru$t¢es As explained more fully in the Swement of T￿￿te¢S Resp￿￿1b]lItI¢$. the tru5tee5 (who are also the direciors ofthe chariiable company forth¢ wpJsesof¢ompany l¥w)are responsible forihepreparaiion ofihe fimrteial 5ts1ments and for bein8 saiisfied th Ily 8ivea true and fair view. •nd for such in￿￿1 control as the iNMees deiemline is necessary io eMble ihe Fryarntion of financial sthiements ihat are free from maierial misstatemenL whetherdue to hud or emy. In weparin8 the financial sWm¢nts. the Iru5es we T¢4￿1b1¢ forassessÉnB the8royp •nd ¢h¥ithbl¢ Om￿ny,5 abilily to coniinue as a 80in8 Crf)nce￿ disclosin& ￿ 4>plicabl¢, mailers related ￿ going oncem and usin8 the going ¢oncern basi5 Of •w(Km¢in8 unless the trustees either intend to liquidate the 8roup and eharitable comp8ny or w cease operations, or have no realistic alternative but to do 50. Ollr responslbliities for th¢ •wdh of the IIN•wil st•tements Ourobjectives are io obtsin reasonable assurance al￿[ whethtt the financial st￿men1$ ¥s a whole are free from material missiatemthL whet￿r due to fraud or error. and io issue a Rep)rt of the lThJepeThJent Awliiors thai includes our opinion. ReasLThble assurnte is a high level of ￿Surance Imxi is noi a 8urniee that an audht corKlucted in xcordance with ISAS (VK) will 81ways a material misstatement when it exists. Mi55tatm¢n¢s can arise from or eTrc* •nd are considered material if, individually or in the 888re8ale. Ily ¢ould reasonably be eX￿£￿d to influencetheecoTW)micde¢isions of usets taken on the hsis of these financial ststernents.

SEA SHEPHERD UK REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS AND TRUSTEES OF SEA SHEPHERD UK We identified and assessed The risks of material misstatement of ihe financial statements from irregularitie& whether due to fraud or error, and discussed ihese between our audit team members. We then designed and perforned audit procedures responsive to those ri$ks. includin8 obtainin8 audit evidence sufficieni and appropriate to provide a basis for our opinion. Weare notres￿nsible for preventin8 non-comp11ance￿d Car￿01beeXFÉcted lode￿t non•compliance with all laws and regulations this respoThsibility lie5 Whth management with the oversight of the Trnstees. Based on our understanding of thecharity and industry, discussions with management and directors we identified fina￿la1 reporting standards ind Charity SORP ￿ Iwving a diwt effect on the amounts And disclosures in the finarKial staiements. As part of the en8a8ement team discussion about how and wherethecharity's financial ststements may be ma*rially misstated due to fraud. we did M)1 identify any areas wilh an increased risk of fraLMI. Our audii procedures included: mpleting a risk-asse$5ment pr0¢¢55 during our plannin8 for this ludit thai specifically ¢onsid¢r¢d the risk of fraud; enquiry of Tnanagerncnt about the Charity's polieiffj procedures and related Controls re8ardin8 cornpliance with laws and regulations and if there are any known insian¢¢s of non-cornpliance- examining supporting documents for all material balance4 transactions and di5c105ures: review, whue applic&ble, of ihe Board ofTrustees' minutes. enquiry of mana8ement. about litiBations and claims and inspe￿10￿ of relevant Corresponde￿e analytical procedures lo identify any unwal or uneXp￿ted r¢lationships' specific audit testing on and review of arus thai wuld be subject to mana8ement override of controls and potential bia5. most notably around the key judgments and estimates, including ¢he caryin8 value of accruals fixed &ssets and stocl and recoverability of irade debtors.. considering management override of controls outside of the nomial operating cy¢les including testing the apprOpri￿eneSS of journal entries recorded in the general ledger and other adjustments made in the preF4raiion of ihe financial sthtements in¢ludin8 evaluating the business rntionale of Significant tranS￿li0n$. outside the normal course of business. Owin8 to the inherent limitations of an audit, Ihere is an ￿aVOIdable risk that some material mi55ts1¢ments ofth¢ fJThancial staternents rnay notbedeteetrf even though theaudit is properly planned and perfornied in acwrdanc¢ with lh¢ ISAS (UK). The potential effets of knherent limitation5 are partieularly significant in the case of misstatement resul¢ing frorn fraud because frdud may involve sophisticated and car¢fully organized scheme5 desi8ned io conceal it, including delibern¢e failure to re¢ord transactions. collusion or intentional misrepresentations being made to us. Laws and ffgulations of direct stgnifjcance in the context of the parent and group include Th¢ Companies Act 2006, and guidance issued by ihe Charities Commissi¢m for En8land and Wates. A ￿rther descripiion of our responsibilities for th¢ audil of the finaneial statements is loC￿ed on the Financial Reporting Coun¢il'5 website at i%iiii'.IrL.i)r b ilk 4lilLliiiirsriS 01lsibiliiii￿. This description fornis pan of our Report of the Independent Auditors. 14

SEA SHEPHERD UK

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS AND TRUSTEES OF SEA SHEPHERD UK

Other matters

The financial statements of Sea Shepherd UK for the year ended 30 June 2020 which are presented as comparatives to these financial statements are not audited.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members and trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members and trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Natalie Boyle (Senior Statutory Auditor) For and on behalf of Hardie Caldwell LLP Statutory Auditors and Chartered Accountants Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 Citypoint 2 25 Tyndrum Street Glasgow G40JY

Date: 30 June 2022

15

SEA SHEPHERD UK GROUP ￿ATEmEl￿oF FINANCIAL ACTivmES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2021 2021 U•restrl¢ted nd 2020 Totsl Fullds (Uaaudlted) INCOME AND ENDOWMENIS FROM Dotmtions and lewies 581294 301.413 Oth¢r trln8 actlvltles Other ineome 449.873 240.816 .770 Tot•1 .031.167 543.999 EXPENDITURE ON Raising fvnth 304.106 214.634 Charitsble gcdvlilej Marine Conswvaiion 308.448 319.966 Totsl 612554 534 600 Nrr INCOMV(EXPENDITURE) 418.613 9J99 RECONCILIATION OF FUNDS Totsl f4nds broughi forxrd 24 336 475 TOTAL FUNDS CARRIED FORWARD 24 755.088 336,475 cor4TINUING OPERATIONS All Irtcome*￿ expertditure h&% arisen frnm eontilwing a¢tivStie& 16

SEA SHEPH£RD UK PARENT sfATEMEIYT OF FINANCIAL AcfiviTIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUIY FOR THE YEAR ENDED30 JUNE 2021 2021 Unrestrictod fund 2020 Total runds (Uthaudited) Not¢5 INCOME AND ENDOWMETrrrs FROM Donations and leg￿leS 581,294 301.413 Othertrddiny actLVities Investment Lncome Other income 63,716 I28,(￿0 1,809 35,000 1.770 Tot81 773 010 EXPENDITURE ON Raisin8 fund5 Chari¢abIe attivlties Marine ConservatioTh 308,448 319,966 Total 308 548 NET INCOMEI(EXPENDITURE) 464,462 15.086 RECONCILIATION OF FUNDS Total funds brO￿g￿t forward 25 226051 210965 TOTAL FUNDS CARRIED FORWARD 25 690.513 226,051 CONTINUING OPERATIONS All income and expenditure ha5 arisen from eontinuing activitie5. 17

SEA SHEPHERD UK GROUP BALANCE SHEET AT 30 JUNE 2(121 2021 Unrestricted fund 2020 TotAI funds {Ungydited) Note5 FIXED ASSETS TJn8ible assets 18 75J23 77,848 CURRENT ASSETS S￿k Debtors Cash at bank 86,383 10.754 669.647 72.461 8,528 215241 20 766,784 296,230 CREDITORS Amounts falling due within one year 22 NET CURRENT ASSETS 679 765 258 627 TOTAL ASSETS LESS CURRENT LIABILITIES 755,088 336,475 NET ASSETS 755 088 336 475 FUNDS Unresiricied funds.. Unrestricted General Fund 24 755 088 336 475 TOTAL FUNIY6 755 088 336 475 These financiv41 sla¢ements have been prepared in g¢¢wd4nc¢ wilh the spwi•I pn)visions of Part 15 of Ihe Companies Aet 2006 relating to small eharitable companies Jun 28, 2022 The financial st¥¢¢m¢nts were ppppJv¢d by th¢ Boord of Trustees on its beh8lf by.. and were signed on A L Oliver- Trustee The notes fom part of ihese fin&ncial sthtrments. 18

SEA SHEPHERD UK PARENT BALANCE SHEET AT31) JUNE 2021 2021 Unreslrleted 2020 Tot•1 fuodj {UD#udid) N￿¢S FIXED ASSETS TAngibleAssets Invemmen 18 19 75J23 Tl.848 75J24 77.849 CURRENT ASSETS Dthor5 Cash at bank 21 10,754 615,665 7,945 626.419 160.118 CREDITORS Amounts fallin8 wlthlth one year NET CVRREKf ASSETS 615 189 TOTAL ASSETS LESS CURRENT LIABILITIES 690,513 226,051 NET ASSETS 690513 226051 FUNDS Unresvithed fund&. Unrtstrided Genernl Furtd 23 690,513 226051 TOTAL FUNDS 690513 226051 Thes¢ financial Iiave been prepored in 0¢¢ordance wilh the special provisi(#is of Part IS of Ihecompanies Aei 2(106 reladn8 iosmall etrffjritabl¢compAnles The fimrteial statements wre ¥PToved by the Bowd of Tr￿￿ee$ on Jun 28, 2022 were si8ned on its behaifby.. A L aiver- Tru￿¢¢ Th¢ fi￿¢$ form pAn ofthae financial sth*ments. 19

SEASHEPHERD UK GROUP CASH FIL)W nATEMENT FOR THE YEAR ENDED30 JUNE 2021 2021 2010 (UnJydlt¢d) Cbshflow notss Cash 110￿ from operallng artlwltles: Cash Benwated fr￿n operations 75.497 Nel ¢ash prvvlded by In) operatlng ctfvltl 465.477 Cash 110￿ from investing Aetlvlt&4s: Purdwse of tsn8ible ftxed assas Disptssal of ththBible fixed assets {11.071) 139J59) Nel cash provlded by (Ymd In) *etlvltles 29 Chathge In and ¢￿h equlvaleAts In the Teportlllg ￿rIod and equlvalents at the beglnoltsg or the reportlng perlo 454406 50.168 215 1 165073 Cash and cash equlvalents At th• of the reportlttg perlod 215 669 647 ￿41

SEA SHEPHERD UK NOTES TO THE GROUP CASH FLOW STATEMENT FOR THE YEAR ENDED30JVNE2021 I. RECONCILIATION OF NET INCOMMEXPENDITURE) TO NET CASH FLOW FROM OPERATING A￿1VITIEs 2020 (Unudltrd) Net Imeoml(expe#dltrt) for the reportl•g period ( per tht statement of rtlwllles Adjustments for: Depreciation char8es (I￿r￿¢v decrease in St￿kS Ilncreasey decrease in deb￿1$ In¢r¢as¢ in ¢redito 41(613 9,399 lJ.596 (13.922) (1226) I I,iX>7 30.653 9,433 Net cuh provlded by (used Inl operndni 75.497 21

SEA SHEPHERD UK NOTES TO THE FINANCJAL sfATEMENTS FOR THE YEAR ENDED30JUN£2021 I. GENERAL INFORMATION The charity is a company limited by guarnniee. incorporated and registered in England, under company number 05474362. and no share cupilal. The liability of ¢￿h member in the event of windin8 up is limi¢ed to £1. The charity's re8lStered numbw is 1110501. The re8lStered office i5 27 Old GIoy¢¢st¢r Street. London. WCIN 3AX 2. ACCOUNTING POLICIES The princi￿1 accouniin8 policies adopied. jud8¢m¢nts and key sources of estimition uncetsinty in (he pryr4tion of the fina￿141 statements are as follow5: Basli of preparlth8 ¢ht flnAttelil xt#t•met$ The financial st4tements of the charity have been prepared in &eeordance with the Charilies SORP IFRS 102}'Accountingand Reporting by Charitie$.. Staiement of Recommended Practice applicable to ehariiie5 preparin8 their accounts in accordance with ¢he Financial Reportin8 Standard applitible in the UK and Republic of Ireland (FRS 1021 {effective l January 20191,, Financial Reportin8 Standard 102, The Fin#nci?l Reporting Sthndard 8ppli¢4bl¢ in the UK and Republic of Ireland, and the COm￿nIeS Act 2006. The finaneial siatements have been prepared ynder the historical ¢051 convention. BASIS ofcon8olldtlon The 8roup financial statements eon501idaie the fina￿1￿1 sthternents of S¢# Shepherd UK And its subsidiary undertakin8 Sea Sh￿erd UK Tradin8 Lid dr•wft up to 30 June 2021. GolDg Concer Th¢ charity ha5 e&sh re50yrr¢5 8nd has no requirement for exiernal funding. Th¢ trustees have a reasonabl¢ expKlation tha¢ the charity has adequate resources to continue in oper?tional existertee for the foreseeable future with lon8 terrn d¢v¢lopmenl and yrowth being predicted for the charity and ivs projeets. The trusiees continue to believe the 8oin8 coneem bosis of counling is appropriate in preparin8 the annual financial sthiements. There are no material uncertainties about the charity's ability to continue as a 8oins coneern. Income All irtcome is reco8nised in ihe Statement of Finantial Aetlvities once ihe chariiy hAS entitlement to the ￿nds, it is probable ihai the income will be received and the amouThl b¢ Me￿￿red reliably. Turnover is measured at the fair value of the consider#iion reeeived or receivable. TumoveT is reco8ni5ed when merchwndis¢ is order¢d online or bought at fair5 ￿¢. and paid for by the cuslomer. 22

SEA SHEPHERD UK NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 30 JUNE 2021 Expendlture Expenditure relatlng to raisin8 funds and charithble expenditure whetherdireet or support costs is charged to the Statement of FinJn¢ial Activitie5 on an accruals b&4is. inelusive of irrecoverable Value Added Tax. Expendiiure is rKqinised when there is a leyl orconstru¢tiv¢ obli8atiort to pay for expenditure. All costs have been dIre￿]Y attribui¢d w one of the easories of expenditure. Raisin8 funds expendiiure 1$ the costs of fundraising events. Charithble activities costs includes cost5 Incurred directly in meeting the objectives of the ¢h¥riiy. ond 81s0 in¢lud¢s 5UPPOrt ￿$t5 incurred in support ofihe direct cost5. Support Costs are eosts tttribut8bl¢ to the managemeni of the charity gnd ils financial affairs. Govemance eosts, a citt80ry wiihirt support costs, are cosis attributhble to eompliance wilh the ch•riiy'$ constiiutional and statuiory requiremenl$. Volunlry bdp A certain amounl of lime is expended on ihe company'5 ac¢ivili¢5 by volunl¢¢r& which is donated free of charge. It Is possible to quaniify the value of lime 8iven and accordingly it is neither r¢¢orded as donjid in¢om¢ nor As An expense in ihe fjnancial si&tements. Gr4nts for 5￿CifI¢ purpos￿ relate to transfers made to Sea Shepherd entities for the Purposes of ¢harit¥ble a¢tivilie5. TaTrglble Ilxed Msets Depreciaiion of fixed asseis is calcula*d to write otTihe cosi less any residuol value over their ¢s¢irnJted useful lives a5 follow5.. Boats and equipmen¢ Mot¢x vehicle5 Comwer equipment 15% Ort reducin8 balanee And 10- 25Vo on ¢os¢ 25% on ¢05¢ 25Vo on reducing balance Stoe Stocks are valued at thelgwer of cost and net realis&ble valtse. Cost includes all costs incurred in brLn81rt8 each product to its pre5eni locaiion and Condition. Investment In subsldlary The investmcnt in Sea Shepherd UK Trnding Limiied is carried at cosi. Taxatlon The charity is exempt from ¢orpwatiort tax on its charitable ￿tIvItieS. The company gift aids its profits io its p￿ent charitable company, Sea Shepherd UK, within nine months of the period end date, a cosh flow allows. and as such has a reduced liability to corporation (ax provided ftir in these financial staiements. FuDd &ccountin Urtrestricted funds can be used in accordance with ihe charithble objeaives at ihe dixretion of the trustee5. 23

SEASHEPHERD UK NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 JUNE 21)21 Ptnslots eosts and other p)st-tttiremtnt b¢￿erits The ¢haritable company contTibute5 to a defined Contribution p¢n5ion Scheme. Contributions payable to ihe chalitsble company's pension scheme are charged to the St*ement of Financial Activitie5 in the period to which they relate. Financial instrnmeots The charity only has financhal assets and financial liabiliiies of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised a( transaciion value and subsequently me&sured at their settlement value. Debttsrs Accrued ineome is reeo8nised at the settlement arnouni due with appropriate allowances for any irrecoverable amounts when there is objeciive evidence that the asset is impaired. Cash and cash e4￿1valents Cash and cash equivalents in the balance sheei comprise cash on hand and cash at hnk with a short iemi of mawrily, being ￿e1ve monihs or less, from ihe opening of lh¢ d¢p05it or 5Lmilar account. Creditors Creditors are reco8nised where the charity has a present obligation resultin8 frorn a past event and are recognised at the settlement amount due after allowing for any irade discounts due. 3. DONATIONS AND LEGACIES~ GROUP AND PARENT 2021 2020 {U￿9￿￿1t¢d) Donation5 Legacies and Iwuests 571.056 10.238 237.530 63.883 581,294 301.413 4. OTHER TRADING A￿1vITIEs-GROVP 2(121 2020 (UnaMdlted> Fundraising events SSUK Trading turnover 63,716 386,157 1.809 239.007 449.873 240816 S. OTHER TRADING A￿1VITIEs- PARENT 2021 202 (Unaudlttd) Fundraising events 63.716 24

SEA SHEPHERD UK NOTES TO THE FINANCIAL STATEMEr FOR THE YEAR ENDED30 JUNE2021 6. INVESTMENT INCOME- PARENT 2021 2020 (Unaudittdl InVe￿ment income- subsidiary eompany 7. PAISING FUNDS-GROUP R•lslng doAattons and lega¢les 2021 2020 {Unauditedl Sundries 100 Other trxdlng attlvltles 2021 2020 (Un8uditedl Ev¢nis SSUK Trading cost5 4,940 304.(K16 214634 Aggrega* amoun¢s 304,106 214,634 RAISING FUNDS- PARENT Raising donations legacies 2021 2020 {Unaudlted) S￿[￿rIes Other trading actlvitl¢$ 21121 2020 IUnaNdit¢d) Events 4.940 Aggregate amounts 25

SEA SHEPHERD UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 9. CHARITABLE ACTIVITIES COSTS- GROUP AND PARENT Grant funding Direct osts (see note Support ¢05ts (See note activities (see note Totals 2021 Totals 2020 10) 12) (Unaudited) MaTin¢ Cons¢ry?tion 251,411 432 56,605 308,448 319,966 10. DIRECT COSTS OF CHAIUTABLE AcfiviTIES- GROUP AND PARENT 2021 2020 (UnAudlted) Staff costs Boa¢ expenses Travel and meetings Vehicle expenses Campaigning IT services Depreciation 75,069 10.069 2,296 5,337 101,347 43,697 42,962 6.529 2,638 5.610 80.736 36.492 185 974 11. GIL4NTS PAYABLE- GROUP AND PARENT 2021 202Q (Um#udited) Marine Conservation 432 87.940 The total ￿0￿nI of grant5 and donations in 2021 includes amounts to Sea Shepherd Ireland (2020.. Sea Shetknrd Globol. Sea Shepherd Conserv•tion Society and Wildlift In Need). 12. SUPPORT COST& GROUP AND PARENT Govemance costs M8na8¢ment Totals 2021 TotAls 2020 (Unaudiiedl Martne Conservation 26

SEA SHEPHERD UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 311 JUNE 2021 12. SUPPORT COST& GROUP AND PARENT- eontlThued Support costs included in the ￿Ve, are ￿ follows: MAnA¥ernent 2021 Marlne ConserY8tlon 2020 Total aetlvltlej (Un8udlt*d) Staff costs Sundry office costs Aceountancy 23,169 24,657 22,115 16.996 Governance costj 2021 Mjrlne Conservatlon 2Q20 To¢41 actlvit5eJ (Un8udlted) Audi¢or5 remuneratioldlndependent Examirter fee Le881 fees 5,544 5.808 13. NET INCOMEI(EXPENDITURE)- GROUP ANDPARENT Net I￿Orne1 (expenditure) is stoied after CharyIn￿ Icreditingl.. 2021 2020 (UD8udlted) Audiiors remunerationllndependeni Examiner fee (Net of VAT) DepT￿lation-0wTred assets 4.620 4.840 14. TRUSTEES, REMUNERATION AND BENEFITS- CROUP AND PARENT There were no tru5tee5' remuneration or other benefits f()r the year ended 30 2021 nor for the year ended 30 June 2020. TrusteH' ¢xp¢ns¢J Thtte were M trustees, expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020. 27

SEASHEPHERD UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 311 JUNE 21J21 I& STAFF COSTS- GROUP AND PARENT 2021 2020 (Unaudlted} Wages and $￿ArleS Social security costs Other pension c05¢3 92,381 3,195 61,558 1,505 The avernge mortihly number ofemployees durin8 the year was 312020.. 21. No ernployees received emoluments ift cxeess of£60,￿￿(202O. None). Key manig¢m¢n¢ remunergtlofft The key managemen¢ personn¢l of the Ch￿tY con5iSt5 of the trustees and the Chief Operatin8 oiricer. The lotal employee bcThrfLls of ihe key man&gemeni person￿1 in the year, including Employerfs Naiionil Insurance and pension costs were £44,27412020: £42,223). I& COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES- GROUP UThAudltod 2020 Unrestrleted fund 2019 Tot41 fvnds INCOME AND ENDOWMENTS FROM Donations ond le8aCieS 301,413 292,696 Other tradin8 activities Other income 240,816 1,770 283,589 Totsl 576 285 EXPENDITURE ON R8i5in8 funds 214,634 233,900 ChrltAbk aetfvltles Marine Conservlliion 319,966 319.126 Toial 534 600 553 026 NET INCOMFJIEXPENDITURE} 9,399 23.259 RECONCILIATION OV FUNDS Total funds brouiht fonYrd 327 076 303 817 TOTAL FUNDS CARRIED VORWARD 33 327 076

SEA SHEPHERD UK NOTFS TO THE TrINANCIAL sfATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 17. COMPARATIVFS FOR THE sfATEMENT OF FINANCIAL ACTIVITIES- PARE Unaudit¢d 2020 Vthrt5tricted fund 2019 Tot81 fu4d$ INCOME AND ENtM)WME]YTS FROM Donation5 and legacies 301,413 291696 Other trnding activities Investment income Other inc(￿¢ 3,143 93250 35.0 Total 339,YJ2 389.089 EXPENDITURE ON Raisin8 fvnds 11.415 Charitsbk #eth41ks Marine Consuv*i( 319.966 Tot 330.541 NET INCOMEJ(EXP£NDITURE) 15.086 58,548 RECONCILIATION OF FUNDS Total fullds brought forwlrd 210.965 152,417 TOTAL FUNDS CARRIED FORWARD 210.965 29

SEA SHEPHERD UK NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED30 JUNE 2021 18. TANGIBLE FIXED ASSETS - GROUP AND PARE￿r Boats and equipment Motor vehi¢l¢$ Computer equipment T￿a]S COST At l July 2020 (Unwdited) Additions Disposals 86.054 9,946 165 31,523 3,414 1.125 120.991 11,071 165 At 30 June 2021 95.835 31.S23 4.539 131897 DEPRECIATION At l July 2020 (Unaudited) Clwge for year Eliminated on disposal 26,214 5,334 165 14,242 7.881 2,687 381 43.143 13,596 165 At 30 June 2021 NET BOOK VALUE A¢ 30 Jun¢ 2021 64.452 9.4( At 30 June 2020 (Unaudited) 59,840 17.281 727 19. FIXED ASSET INVE¥fMENTS- PARENT Sh#re$ i grollp ndertakings cosr At l July 2020 (unaudited) and 30 June 2021 The company's inyesttnents at balance Sheet date in the Sha￿ ￿pital of group companies include the following.. Sea Shepherd UK Trading Limiied. Nature of business: Sale of merchandise ￿ promote Sea Shepherd. Class of sha Yo Holding Ordinary 100 2021 2020 (Unaudited) 110.425 29J13 Aggregate capital And reserves Profit for ihe year 64,576 82.151

SEA SHEPHERD UK NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 30 JUNE 2021 20. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR-GROUP 2021 2(120 (Unaudlttd) Prepayments and a¢￿U¢d I￿(￿ne VAT 10.754 7,945 583 10,754 8,528 21. DEBTORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR- PARENT 2021 2020 (Ury•ydlled> Pr¢p•yments K¢ru¢d i￿0￿¢ 10.754 7.945 22. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- GROUP 1021 2020 (Unaudlted) Trnde creditors Social security and 1x￿r tsxes A¢eru¢d VAT 59.362 1,59) 23.796 2,100 11.707 14,336 87,019 37,603 23. CREDITORS: AmOU￿[s FALLING DUE WITHIN ONE YEAR- PARENT 2021 2020 (UD4ydli¢d) Trade credilots Social security and ￿￿er Othercreditors Acmied exw 274 1,5 2,1 720 8,712 11.230 11.916 31

SEASHEPHERD UK NOTES TO THE FINANCIAL sfATEMENrs FOR THE YEAR ENDED 30 JUNE 2021 2& MOVEMENT IN FUNDS- GROUP Net moveme in fimds At 1.720 At 30.6.21 Unrestricted funds Unrestricted Gerternl Fund 336 475 418613 755.088 TOTAL FUNDS 336.475 418.613 755 088 Nel movemem in fimds, included in the a￿ as follows: IM)ming Resources Movun¢nt in funds Unrestrlcted fuTrd$ Unrestricted Gemal Fund .031.167 61 554 418613 TOTAL FUNDS 031 167 611554 418.613 Compsrntives for ￿0¥ement Én fllHds- Group Net moveme in fiuKIs At 1.7.19 At 30.6.20 Unr¢strleted f4uds Unrestricted General Fund 327.076 9.399 336.475 TOTAL FUNDS 327.076 336.475 Comparative net movtmcrrt in included in thc above are as follow5: Incoming Resource5 Movement in funds Unrestrieted f￿ndS Unr¢5trict¢d General Fund 543. TOTAL FUNDS 543.iy)9 534.600 9,399 32

SEA SHEPHERD UK NOTES TO THE FINA]¥CIAL sfATEMENTS FOR THE YEAR ENDED30JUNE2021 25. MOVEMENT IN FUNDS- PAREN Net At 1.7.20 in funds At 30.6.21 Unres¢ritted Cththd$ Urtrestrieted Generdl Fund TOTAL FUNDS 226.051 690.513 Net mov¢m¢nl in fimd5. in¢luded in the alx)v¢ #re as foll [￿l￿nIn8 Movernent in funds Unrestrirted fuods Unrestricted General Furtd 773.010 308.548 TOTAL FUNDS 773.010 308.548 Comparatlves for movement l# hmds- Group Net At 1.7.19 infiu AI 30.6.20 Unrestricted fands Unrestricted General Furyl 210.%5 226.051 TOTAL FUNDS 210.965 15.086 226.051 Comparnive movement in funds iKluded in the at#)ve are as folloTh5: I￿ornIng Movement in fiu)ds Unrestrieted fund5 Unrestricted General Fund 339.992 324.￿￿6 15.086 TOTAL FUNDS 339.W2 324.W6 15.086 33

SEA SHEPHERD UK NOTES TO THE FINAIYCIAL STATEMENTS FOR THE YEAR ENDED30JUNE 2021 26. MEMBERS. GUARANTEE- PARENr Every member of th¢ cknritable Company undertakes to Contr1t￿Le such amount as may b¢ required (not exceeding £1) to the company's assets if it should be wound up while h¢ is a mernber or within one year after he ¢ease5to be a member, ftjr payment of the company's debts and liabilitie$ contraeted before he cea5e5 to be a mernb￿. If on the winding-up or dis501ution of the company there remains, after the satisfaction of all its debt5 and liabilili¢5 any property whatever. the same shall not be rewdid or distribuied among members of the Company, but shall be 8iven or trdll5fe￿￿ to some othercharitable inslitution or institutions having Obj￿1$ similar to those of the charitable company and in so far as ¢ffec¢ cannot be given lo su¢h provi510n. then to some other charitable object. 34

Flnal ALKlil Report 2022-0fv28 202241fv28 Rob8rt Read18dmln@sgaShephprdL￿l 8kJntr TranS￿ttOn ID.. "SSUK- Group audited accounts - 30.06.2021" History DorAJment crealod by Robert Re8d18dmin@sea$hepherduk.or91 20224J6-28- 8..54..49 AM GMT- IP 8dthes8'. 86.3.224.16 Documént 8mail8d to anna@seashepherduk.org for slgnature 202246-28- 8..58..36 AM GMT Email view8d by anna seashepherduk.org 2022-0&20. B..58..$0 AM GMT- IP 8d¢Jress'. 86.3.224.16 D(￿UMent O•signed by Anna Oliver lanna@seashephgrduk.orgl Slgn8ttrn Dale.. 202241&28- 8..59..29 GMT. Trme Source.. seNer- IP **Jr68s'. 86.3.224.16 Agreement completed. 20Z2-06-28- 8'.59'.29 AM GMT Adobe Acrnbat Slsn