Chair’s Commentary for the Annual Report
MARINElife is in good shape financially and operationally. We are now monitoring cetacean activity on nine ferry routes, thanks to our key partners DFDS, CLDM(Seatruck), Condor and the Lundy Landmark Trust . Together we make a very important contribution to understanding activity and changes in cetacean populations around our coasts.
We have progressed implementation of our part in the European Seabird at Sea Programme through Joint Nature Conservation Committee funded Volunteer Seabirds at Sea Project, developing the volunteer network and rolling out surveys on three ferry routes.
We have continued our efforts and monitoring through local works such as the North East Cetacean Project, research cruises with the Centre for Environment, Fisheries and Aquaculture Science, and the South Coast Small Boat Surveys Project . The surveys have generated vital data that continues to be well-used in marine research, policy and conservation.
Recruitment, accreditation, training and development of our surveying teams has continued, and we continue to seek more volunteers to work with us monitoring the marine environment. Funding from the CIBUS Foundation has enabled us to better support volunteer efforts and provide enhanced training.
Financially, we have reviewed our reserve position and have set aside funds for future development of our role. Our core business model is to gain scientific success through financial partnerships with others.
With new projects in development the charity’s staff compliment has risen to five fantastic part-timers. I am grateful for the ever-valuable contributions of volunteers who keep MARINElife functioning smoothly. Similarly, the trustees continue to give passionate support to the charity. The Board wishes to record appreciation to Duncan Fyfe, who retired during the year.
Archie Robertson OBE Chair
REGISTERED COMPANY NUMBER: 05057367 (England and Wales) REGISTERED CHARITY NUMBER: 1110884
Report of the Trustees and Unaudited Financial Statements for the Year Ended 5 April 2024
For MARINElife
MARINElife
Contents of the Financial Statements for the Year Ended 5 April 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
MARINElife
Report of the Trustees
For the Year Ended 5 April 2024
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the charity’s financial statements for the year ended 5 April 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05057367 (England and Wales)
Registered Charity number 1110884
Registered office
1a Kingsbury’s Lane Ringwood Hampshire BH24 1EL
Trustees
D Fyfe - appointed 30.11.10 R I Morris - appointed 30.4.12 C A Robertson - appointed 1.10.20 E C Stenhouse - appointed 18.9.21 R Lofts - appointed 30.5.22 G M Fuller - appointed 22.11.22 O A Mclaughlin - appointed 22.11.22 H Agosti - appointed 17.10.23 G Madge - appointed 20.10.23
1
Report of the Trustees of MARINElife For the Year Ended 5 April 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
MARINElife is a Company limited by guarantee governed by its Memorandum and Articles of Association dated 26 February 2004 as amended by special resolution on 28 July 2005, 15 December 2007, 6 March 2010, 14 October 2010 and 2 December 2010. Registration as a charity with the Charities Commission was confirmed on 16 August 2005.
There are currently 9 trustees, each of whom agrees to contribute £10 in the event of the charity winding up.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote for the benefit of the public the conservation, preservation and protection of marine animals particularly but not exclusively dolphins, whales, porpoises and cetaceans in all forms and to advance the education of the public in the same by:
(1) Educating the public towards the need for their preservation.
(2) Undertaking research on the preservation of all species of marine animals and to publish the results, and
(3) Educating the public about their population, habitats, behaviour and threats. The main objectives for the year continue to be as stated.
The strategies employed to achieve the charity's objectives are to:
-
Educate the public towards the need for their preservation
-
Undertake research on the preservation of all species of marine animals and to publish the results, and
-
Educate the public about their population, habitats, behaviour and threats.
FINANCIAL REVIEW
Reserves policy
Reserves will continue to be closely administered to ensure financial viability and enable management progress. Any excess reserves will be channelled into our main education and research objectives.
Approved by order of the board of trustees on 01/11/2024 and signed on its behalf by:
.............................................
C A Robertson - Trustee Mr Charles Archibald Robertson (Fri, 1st
Nov 2024 12:41:18 GMT)
2
Independent Examiner's Report to the Trustees of MARINElife
I report on the accounts for the year ended 5 April 2024 set out on pages four to twelve.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements
-
to keep accounting records in accordance with Sections 386 and 387 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Artema Ltd
Date: 01/11/2024
3
MARINElife
Statement of Financial Activities
for the Year Ended 5 April 2024
| 5.4.24 | 5.4.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||
| fund | fund | ||||
| Notes | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Incoming resources from | |||||
| generated funds | |||||
| Voluntary income | 31,656 | 18,100 | 49,756 | 29,509 | |
| Activities for generating funds | 2 | 4,367 | - | 4,367 | 3,964 |
| Investment income | 3 | 1,110 | - | 1,110 | 175 |
| Total incoming resources | 37,133 | 18,100 | 55,233 | 33,648 | |
| RESOURCES EXPENDED | |||||
| Costs of generating funds | |||||
| Costs of generating voluntary income | 1,574 | - | 1,574 | 1,291 | |
| Fundraising trading: cost of goods sold | |||||
| and other costs | 184 | - | 184 | - | |
| Charitable activities | |||||
| Support costs | 1,584 | - | 1,584 | 2,241 | |
| Grant expenditure | - | 2,783 | 2,783 | - | |
| Governance costs | 35,646 | - | 35,646 | 26,135 | |
| Total resources expended | 38,988 | 2,783 | 41,771 | 29,667 | |
| NET INCOMING/(OUTGOING) | |||||
| RESOURCES | (1,855) | 15,317 | 13,462 | 3,981 | |
| RECONCILIATION OF FUNDS | |||||
| Transfer between funds | 1,309 | (1,309) | - | - | |
| Total funds brought forward | 89,857 | 1,309 | 91,166 | 87,185 | |
| TOTAL FUNDS CARRIED FORWARD | 89,311 | 15,317 | 104,628 | 91,166 |
The notes form part of these financial statements
4
continued...
MARINElife
Balance Sheet
At 5 April 2024
| 5.4.24 | 5.4.23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||
| fund | fund | ||||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 7 | 750 | - | 750 | 68 |
| CURRENT ASSETS | |||||
| Debtors | 8 | - | - | - | - |
| Cash at bank | 116,585 | 15,317 | 131,902 | 91,273 | |
| 116,585 | 15,317 | 131,902 | 91,273 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 9 | (28,024) | - | (28,024) | (175) |
| NET CURRENT ASSETS | 88,561 | 15,317 | 103,878 | 91,098 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 89,311 | 15,317 | 104,628 | 91,166 | |
| NET ASSETS | 89,311 | 15,317 | 104,628 | 91,166 | |
| FUNDS | 10 | ||||
| Unrestricted funds | 89,311 | 89,857 | |||
| Restricted funds | 15,317 | 1,309 | |||
| TOTAL FUNDS | 104,628 | 91,166 |
The notes form part of these financial statements
continued...
5
MARINElife
Balance Sheet - continued
At 5 April 2024
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements were approved by the Board of Trustees on 01/11/2024 and were signed on its behalf by:
et ............................................. Mr Charles Archibald Robertson (Fri, 1st C A Robertson -Trustee Nov 2024 12:41:18 GMT)
- 6 -
MARINElife
Notes to the Financial Statements
for the Year Ended 5 April 2024
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% p.a. on a straight-line basis
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. ACTIVITIES FOR GENERATING FUNDS
| Educational initiatives Sales of clothing / merchandise |
5.4.24 £ 3,902 465 4,367 |
5.4.23 £ 3,729 235 |
|---|---|---|
| 3,964 |
In previous years the above costs were described as fundraising initiatives.
7
MARINElife
Notes to the Financial Statements - continued
for the Year Ended 5 April 2024
3. INVESTMENT INCOME
| Deposit account interest NET INCOMING/(OUTGOING) RESOURCES Net resources are stated after charging/(crediting): Depreciation - owned assets |
5.4.24 £ 1,110 5.4.24 £ 150 |
5.4.23 £ 175 |
|---|---|---|
| 5.4.23 £ 23 |
4. NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting):
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended 5 April 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2024 or for the year ended 5 April 2023.
6. STAFF COSTS
| Wages and salaries Other pension costs |
5.4.24 £ 25,926 569 26,495 |
5.4.23 £ 20,308 550 |
|---|---|---|
| 20,858 |
The average monthly number of employees during the year was as follows:
| 5.4.24 | 5.4.23 |
|---|---|
| 4 | 3 |
No employees received emoluments in excess of £60,000.
8
MARINElife
Notes to the Financial Statements - continued
for the Year Ended 5 April 2024
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Office | ||||
| equipment | ||||
| £ | ||||
| COST | ||||
| At 6 April 2023 | 12,057 | |||
| Additions | 900 | |||
| Disposals | (12,057) | |||
| At 5 April 2024 | 900 | |||
| DEPRECIATION | ||||
| At 6 April 2023 | 11,989 | |||
| Charge for year | 150 | |||
| Disposal of depreciation | (11,989) | |||
| At 5 April 2024 | 150 | |||
| NET BOOK VALUE | ||||
| At 5 April 2024 | 750 | |||
| At 5 April 2023 | 68 | |||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 5.4.24 | 5.4.23 | |||
| £ | £ | |||
| Other debtors | - | - | ||
| - | - | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 5.4.24 | 5.4.23 | |||
| £ | £ | |||
| Accruals | 359 | 175 | ||
| Deferred income | 27,200 | - | ||
| Wages payable | 465 | - | ||
| 28,024 | 175 |
9
MARINElife
Notes to the Financial Statements - continued
for the Year Ended 5 April 2024
10. MOVEMENT IN FUNDS
| Net | ||||
|---|---|---|---|---|
| movement | ||||
| At 6.4.23 | in funds | At 5.4.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 89,857 | (546) | 89,311 | |
| Restricted funds | ||||
| Restricted fund | 1,309 | 14,008 | 15,317 | |
| TOTAL FUNDS | 91,166 | 13,462 | 104,628 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 37,133 | (38,988) | (1,855) | |
| Restricted funds | ||||
| Restricted fund | 18,100 | (2,783) | 15,317 | |
| TOTAL FUNDS | 55,233 | (41,771) | 13,462 |
11. RESTRICTED FUNDS
Grants Receivable
The £18,100 restricted funding consists of £15,600 CIBUS funds received for volunteer training and expenses, plus £2,500 in regard to Seachangers funds received for a specific project.
10
MARINElife
Detailed Statement of Financial Activities
for the Year Ended 5 April 2024
| INCOMING RESOURCES Voluntary income Donations Gift aid Subscriptions Grants receivable Contract income Activities for generating funds Fundraising events Investment income Deposit account interest Other Income Job retention scheme Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Subscription to Online Giving Gift aid claims Fundraising trading: cost of goods sold and other costs Other direct costs Charitable activities Support costs Subscriptions Educational initiatives and grants refunded Grant expenditure |
5.4.24 £ 1,282 3,531 15,168 18,100 11,675 49,756 4,367 1,110 - 55,233 1,385 189 1,574 184 658 926 1,584 2,783 |
5.4.23 £ 7,445 2,519 14,545 5,000 - |
|---|---|---|
| 29,509 3,964 175 - |
||
| 33,648 1,291 - |
||
| 1,291 - 319 1,922 |
||
| 2,241 - |
This page does not form part of the statutory financial statements
11
MARINElife
Detailed Statement of Financial Activities
for the Year Ended 5 April 2024
| Governance costs Wages Pensions Printing, postage & stationery Travelling and subsistence Accountancy Professional assistance Computer and IT Consumables Insurance Loss on disposal of assets Depreciation of tangible fixed assets Total resources expended Net (expenditure)/income |
5.4.24 £ 25,926 569 302 69 2,501 499 4,010 1,549 71 150 35,646 41,771 13,462 |
5.4.23 £ 20,308 550 279 320 2,215 146 854 1,440 - 23 |
|---|---|---|
| 26,135 | ||
| 29,667 | ||
| 3,981 |
This page does not form part of the statutory financial statements 12
Issuer
Issuer Artema Ltd Document generated Fri, 1st Nov 2024 9:00:33 GMT Document fingerprint 6538f68442989f6829d81de6dfe114c1
Parties involved with this document
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Fri, 1st Nov 2024 12:41:18 GMT
Mr Charles Archibald Robertson - Signer (2ba36aeb02693f10c4ba76e7cb03aea4)
Audit history log
Date Action Fri, 1st Nov 2024 12:41:18 GMT Mr Charles Archibald Robertson viewed the envelope (77.100.226.24) Fri, 1st Nov 2024 12:41:18 GMT This envelope has been signed by all parties (77.100.226.24) Fri, 1st Nov 2024 12:41:18 GMT Mr Charles Archibald Robertson signed the envelope (77.100.226.24) Fri, 1st Nov 2024 12:40:46 GMT Mr Charles Archibald Robertson viewed the envelope (77.100.226.24) Fri, 1st Nov 2024 11:20:20 GMT Mr Charles Archibald Robertson opened the document email. (77.100.226.24) Fri, 1st Nov 2024 9:02:58 GMT Mr Charles Archibald Robertson opened the document email. (72.14.199.41) Fri, 1st Nov 2024 9:02:54 GMT Document emailed to archie.robertson@marine-life.org.uk (13.42.18.168) Fri, 1st Nov 2024 9:02:54 GMT Sent the envelope to Mr Charles Archibald Robertson (archie.robertson@marine-life.org.uk) for signing (37.25.45.161) Fri, 1st Nov 2024 9:00:33 GMT Document generated with fingerprint 6538f68442989f6829d81de6dfe114c1 (37.25.45.161) Fri, 1st Nov 2024 9:00:33 GMT Envelope generated by Mark Nicholls (37.25.45.161)