Oceana UK la wyny lnrfed ty gu3nlee) fte1 * Finan(a¥ Slateme Yeai Ended 31 Decem 2021 C(¥npany Nurthr 05952219 Charity Numbw 1119722 Inii •AB7AQbLM' 01107r2022 COMPANIES HOUSE A12
199
Oceana UK la compary h'rniled by Wee) Report and financial Statements for the year ended 31 Oecembvr 2021 Contents Pa9•: DwectQTS' r8pNI Ind•peThlenl auditaf5 rep¢xl 11 Slalemert olfinarKI achli2s 12 13 Nolès forrwi9 part ofll fin¥Ki¥ sialeff*
Ocèana UK (• ¢tywny limited by nIeel Statstory Inl•mullon for theye•reNdtd 31 De¢ember 2021 QirectW5 Kushner Dima Mouny Fr4 R•glstered 60Mn¥ numb•r 059$2219 Reglstrffd charlty numl 1119722 R•olsl•red ol 10 Streei Plxè Lor EC4R IBE Audltor k&)oFe Kir451on Smith LLP Goswell Road Lon¢kJn EC1M 7AD Solkliorn 10 Oueen Str•el P*e EC4R 1BE Bank olAmerirA Lth FinaTKial Centre 2 King Edwa Slfeet lTd ÉC4R 18E
Oceana UK (a kniled by gu•farte•l f¢x the yMr•Thd•d 31 Il•cetkn 2021 The Truslees. are atso 0ed5. yvesenlth•"r iewl aky4 ilh the fir1 ststements ol the Charity lortt yeaw ended 31 Oewrthi 2021. Stru¢trJr•. Govem•n¢e and Manag•men¢ The Clwiy is a privale coryany Iwnited by guwani•e iicowaled on 2 Odcthr 2(th, and is a re9islered charity Iregi51ered on 19 June 2007. rry51waknn numbèr 1119722, ctyyny nwnbw Y352219). Th• Chaily's prwnary goveming thJrJJments ilud•S its M•nwwdum and Arlth olASSlattsll. Ocwa. IK. is Ihe sole mefflberollhe Chwty. exerci5ry ts thfough its g%ttr¢4 oftht tLYnpO5 ofll Twslees olthe Chafity. Oceana. is a U.5..based ft wofil or9anisatson. busi of Ihe ChaFily is managed by Trustee5. may exercisè alb Ihe r#)wer$ ol Ihe Charity. The Charity ts mpli$¢d of a rnlnknwn ol lhe Twslees. apported ty a resohJiTh of the membor5 k>r ? renewab t•rm ol Ihf8e years. The Truslees appoin two mgets fLY the day40• manag•nI ollhe Clwity rffj 4 Ociobw 2010.. Anthv F. 5hafP James F. &mon Dwectw and Cl¥el Exeathp Offw. Ckeana, I. PsleD1. O¢eana. I. The TN51ees arvointed 3n addit)nal manager low the Chdy on 30 January X117 a5 inLfrod bèltr.' Cfvistopher IA. sha•Y Pasca MonNJue Ena l)eMewas appo•)ted as Mana9ef •id ExecJAity• Officer m 18 Sepiefflber 2019. The manager5 man¥ge Ihe tr¢ •rd slralegres lopied by arKI wilNn a buLl9el apwoved tsy Ihe Tiwslee5. The rnan? rewt ie9ularfy lo Ihe Trltslees w Ihe acli¥ilies Urertaken in managing the Charity and provhl• them ie9Ltsrty wilh managEmEnl xrounls suffKieAI lo the financial p05illon ofthe Chanty. Tte¢S The Tru#$ ol Ihe ¢hitat4e corw (lY¥vJ ts p¢thd of 111 221 to 3151 Dttemt*f 2021 wÈrè.' Adam Kuslw Ana Barretr• Oima Mo¥r Ffel Saia Rolxn50n Address 8ale5, We115 and Braillfftaie 10 Queen Streèt Pl%• London EC4R IBE
O¢eana UK
(a company linled by 9uai¥leel
Dlrectorn. rnport
forthe yearended 31 DEceffkn 2021 Icontinued)
Recrnkbnenl Apptiinknnt •lTnot
The dweclors of Ihe company ¥e a150 ¢h¥ty Inthes for ts purKWS ofth¥ity law. Under Ihe reoJiremerts ol
MeMaTlJffl AriKs ol Assfy>ats)n Ihe Irustee5 are appDw#ed by a iesoYLlion of ts rnernbe lor ¥
renewable te ol Ihree yea15.
JI trustees gNe the¥14ne aTh1 receiw rn benefils from Ihedwity.
TNst•• Ind10th and Tr4lnln9
Mosl TNslees we ahady farni%ar wlh lh• tth of Il¥ th•&y. New tswtees we WMIEd encouraged lo vis
Oceana In¢.,$ olfires to larnilawi5e thwnsgtr4e5 With Ihe ¢harity and e4Mt•¥t ¥allw Ceana UK operates
ere are also Oller any trauwng deed nece5s¥y lull¢ Ihwnew role.
Pay polky •f s•nl•r slaff
The rnanagÈrs ol th?
Oceana UK la CLryary hmrted ty wanleel DlrKtors' rnport lorth• ye•reTrded 31 December 2021 {¢MlffJuedJ Bu[ Effecllv¢ness •lthe hlPA Ne1w0 ITr Eumpt: Vthik the UK aThJ de¥thed qovemnnts hab de5i9naled over 30% 01thF se35 in Math Protecled thas (MPAS). thèy aro y•1 lo k¥ol•d al siles ffom dama9 actmiias. many • morn Ihan"paperpks-. Oc•ana decAded ts fc¢L6 on the 64 offshor• MPAS designated lor benthK hx¢ats and undertook analysis that Ihal fk81ry wilh bollom towed f15hing gear was still occurriThJ in 62 01 the MPAS. Oceana tsSLd sV4eral llerS to the UK governmenl hvjhlighting Ihe s thal restrKied th15 adimty and won a tt¥year ¢offlmitmgnl lo ffiage rt5hwies in all VK off5hor• MPA$. Ocezna 3150 tegan Ihe woce5S to establlsh ai lea ff4• pilol Highty Protecled Mari Aa$ IHPMAsl urging the emmert to expeIe Identifkn ol HPMAS ty WAS. Oefendlng Sustsinable Flsheries Managern•rbt: oa putythl the UK Fisherns Audil- Ihought lo be the UK'S fst, whtch artalysed ovtt 1CKI Stocks eorthjding that ol lh• Top 10 t iffportanl eConomty. six are overfished. This repofl was used10 pro¥idè dats lorouf advDcaty th encwage Govemmenl ¢0 set Total Mlowable Caiches (TACS) in fine with scieftbft ad¥i¢e and bekn Maxirhxjm Susi&nable Ytel(l. Some progress was made in Ihe lale of TACS lor 2021 and then the TACS lor 2022 wlh a few fflDre stocks 5t1 al 5Uslainab levels. an Ihi5 was Ihe firs1 year that the UK 3nd EU agreed on TAC5 sirfè Brèxl to Thplemeni tho Trad• and Ctropwation Agrtèmènl ITCAI. Oceana also woiktd lo lIllence thè Joini Fi5hèiiBs Stat•menl. whtb vill be the UK heries policy srKe and proded trfir cffj tor IrKome for the peibjd from dcrfbation5 a1 In?51men1S wa5 £32.93812020". £136,878). É¥pendilure was £S87.878 in 2021 1202fr. £518.6841. TPlls was sw)1 on chariiable aaNIs. govemance. and admrys1ral1 cosls ol the Chaiily. Further deiaThs can b• fowd in lh• 5taltynwl of ffinxial athrylies. Oceana. I. provits funding io Ocgan¥ UK fw any defrils wKuffed. Re$ervo5 The Truslee5 ievievi th• Charity's reserye p0cY in f¥Jht ol Chty Comrni55ion wwdarKe. Due io Ihe fa¢1 Ihal Oceana. Inc. fvnds Oceana UKS def1 speThling. Oceana UK has M reserve poky. Futw• Pl•n$ Igr th? B¢nefft In 2020. Oc•ana a UK Feasthty Study toexpkre the F•1s1 sir8nglhenmg ils operaknns aThl campavw work in the uned Kingdorn In 2021 wereapyo¥ed for 2022 that je addfitonal capacty to expand ¢Lwrent camp4ns adding ai asi tyie rwe ¢amp4n. ¢w1ft9 on re1 adeouale lur109. Ourwortr in 2022 wil the fc&>ry area5: Building EffeEtJveneg$ of the MPA Nelwork In Europe: the (kniethe of of UK seas beyig ful prolecle(I fr(¥n bottom l¢)Ned fishlng 9ear. by 2026. we wll in 2022 10 9el al18asl fiv• Tr•w H4h Piotecled MarinÈArtas des•Jnated off Ér¥JL4nd and scland and a b on tyjttom-tuwed fishiig geaitrom ai least 10 adililYJnal ollshtffe UK MPAS (ty England's manag Inlt IMMOI and MartTre sCand).
Oceana UK
(a cryany linited by guarantee}
l•rthe >arended J1 Oe¢ener 2021 (¢onthued)
D•tendlng Su$tslnab Ffjsherles ¥ana9emenL' The obie¢lN is that al commercd slocks, iichjthng shar
slc
Oceana UK {a c¢#ry>any I"miled by 9u¥anleel IXrt¢torn' POrt th• y•arended 31 December 21121 To Prewe Ihe fmartial on a 9ok¥J Crrtem bags. unless tt 15 inappwowie ts prnsume Ihat I Clwrfy VAI conlww in bSIneSS. Thè Tiustees a feswi%bfe fw keewg adeqLhe act)Jthting ieccds that show explwn Ihe charl15 tran5actw)ns. disdose wlh reasonatde ac¢vra¢y at any Iwne the F&•n of lh8 Charity wd enable them lo wsur¢ thai the fmancial slatement$ comply Ythh Ihe cry+an Act Th•y ar• also respwsNi e ts sale9wding ¥sets oltht Chly aThJ herKe lortakiw reasonab Steps foi Ihe prévenlion deietbon ol fraj and o#w iryegtses. Accounts This Feporl has been wepared accudance the apphcable to cowil8s s1ed lo the srn comples. regine. Pfovfslon ol Inlomwllon to dItor Each ofthe Féysons who ¥0 dir•£lws al trdhen the ttredors. rewi is aPd has ccnfwmed thal.. so latasthat tectoris aware. Ihve 0 revantadi W0FMa1)noI*lith cth)wnls auditoris uD8waie: and Ihal Iht th¢101 laken al the steps Ihat owjhl lo have been tsken as a dw¢#or in to be aware olany inloirnalion needed by IhÈ companvs audrtL¥ in wth prepwng hi5 rep)rt ond 10 esiab&sh Ihal Ihe is awwe ol Ihal infom10. sId on bÈhall ofthe ld. Trustee
Oceana UK (• cLryJry guarnnwi InendentAudllorf$ R•port for the ye•rended 31 Dewnber 20Z1 Independonl Audlloes Reportt• th¢ Tn4St¢¢s of Oco4na UK fof the ye•rendgd 31 O•cembpr 2021 Oplnlon We ha ?Jed the fmarxbal StsièNnts Oceana UK (Ihe comparyl for Ihe year erthd 31 December 2021 whKh eomprise the Stslemenl ol Financial Acli¥ttie5. ihe Bnce Sheti and noie$ 10 the financial 51alemenls. including a summary of stynth¢ani a¢Unt9 pjkns. The financial ieptytsn9 frarnvork that ha5 been applièd In Iheir preparation Is applKable and Unbted kn"ngdom Aeo)untiry Standards. iudl9 FRS 102'Th? Finanual RèpMirKa siandar(l Applabk li th• UK Iwdand. (United Kwyjryn Gonttaly Actle4 A¢tounlTrig Practice). In our Op1]n Ihe fmattial slalemert5: gve a bwÈ and lair DI Ihe 51aie ol lh• tha¢itae company's affaws as 4131 December 2021 and ol its coffwng resouices an(5 appicaboft ol $¢49. incwing rts irthne and exnd•le, f(¥ Ihe year Ihen have been nY wepared kn acwrdafi with Unled Kmglom Gan8rn1ty Accepled AxtyJntlDg P(actic•'. 3v¢ been prepared in llhlhe i•Mrefflent5 olthe Crynpart$ A¢t 2. Basss foroplnigr• We con¢Yu¢terf our 8Irt in with IDleMaInal Startlawds on Authlry lu {ISAslUKII and applicab Paw. Oui responsibilibes undw those standaids are further les¢ribed in Ihe ldl¢r,$ ResPstN711eS for the audit ol Zna31 statements section ofour rwrt We are iTrdependenl ollhe charitatAe crThpany in a¢rordance wilh Iht elhical rvquiremtrls thai are relevani to our athyfji ol th• finawal Stslemenls Ihe UK. includlng Ihe FRC'S Ethical Standard. andwe have frIlled our Olher eit#¢•l ie$p0nsts"l¢s xcordan¢e¥Alh these rewlrernents. We beIVe that th¢ a1 e¥Klerv we ha¥e obiam•d 5LtifKrf arhl apprwate to prtivth a basis lor opirrion. Cond¥slo rnlaling 10 9olng con¢em In audiliig Ihe finaniyal sternwts. wg (•ndyded lh the Ine$. uso of the 9fAThJ CDrKem bass of accounlww In tho ol the fnanci ements is apwwote. Based on Ihe WO we have pèrforme(l. we have nol KIenlif any malerial uncertainties relating ovènls or Conditions Ihal. indtVi(kty orcolEcINely. may cast swjnrftsntdtbIon IheChato company5 abaty lo continue as a going corKem lor a pernd of al leasi h¥efv8 frr#)) when fm•rthil siat•rnenls are aulhryised lor issue. Oui iespon5th1tylie$ reswbikns of Il trusi¢¢s wilh respeci io gory do$¢rfoed In Ihe levant sedtons ol Ilus fepth1. Olher lnloffli4tlon The olher infarmalion compités the inlonnaiion induded in the annual fepm, othef than the financAal slatomenls d Ouf audilorfs rèport thereon. The InJstees aft reswisfjblèl¢rthe otherintiOn. Ouropinion th)the finw¢¢ial slalemen15 does not ¢ov•r lh• olher infLNmab"on ar. eAcepi to Iha 0¥1• Q1heSe expli(itty slaled In oui report. We do not qxpress ltym ol asSWae Ire(. COAnecben our audit d thè financial 51alernen15. our resybty is kn read the other inf¢)miation and. thjing so. con5Kler whether the Olher Inlormaiion is materdty irKonsisienl 4¥rth the financial staièmènls oi o n(h4Edye ottsined in t audrt ov olherwise appès 10 be menaly mtsslaied. 11 we idonlify svch n¥alerial cC$1S¢eO(aes 01 appareni malwal rni%stalements. we at rewwed lo deiermY whelher there is a maledal misstatement in tho 51alements a material fitsslalement of th• olhw inkrrnalvJn. If, based on the work we have perfor1. we celude Ihat IherE is a fflerfjal mi%slatemenl ofllys othef infrymab"M. we ale qUIred to repryl Ihal la¢t. We have Mhl9 to reKts117 tr¥s ¥e9wd.
Oceana UK
{• cmpaw limiled by 9wanta•l
Ind•penden¢ Auditoes Report
lof tho yeaiend•d 31 DeCem1r 20Z1 (¢onllnyedJ
In our oiynim. basad on Ihewrykwvjwlaken in the cow¥eol
Ihe infornialvJn gNgn Iru51Be5' report thè finawal yearkn tht£hthe ski•m•nts we
piepaied 15 51$Tht w(dh ts fmawal staterNIis."
the trusiee5' aThnual pty1 has beth w•par8d in acwdfa appkable leg¥1 requ¥e¢rnts.
M•tt•rn ¢)n whlch we rffjUh to report by•A£•pn
In th¢ IwJht Dfthe knowle($3e aryl Lwhknlandvwj •1 Ms erNw(Mmenl oblained in Ihs ¢wrw ol the
audit. we ha¥e nDI 4J•niifièd maiud w¥551alemert5 in Ihe Intsi••s' aThMJal repthl.
We have n01hl9 10 Teport in re5pera0ll kknir•J mallw5 Ihe Cornyarmes Aci 201% requtres lo repc
Oceana UK (a 4¥)nwanynxlod by war•N••J kndep¢nden¢ Awlltorfs Report forlh• yTend 311)•t•mbfrr 2021 (eontsuedl Expknnatlon as to ¥vhatexl•rtthe audltas ¢onsh capabl• ofdeiecthbg Irregukkn. Includlrtg fTrud The otye¢ti¥e5 of audil in respxl of fraud. Je lo Klenbfy and assess the iisks ol malertal misstatefflent of th? rfftancial siaièmènls due lo frnud.. to e&tain suffitient apwipriai• audit e¥vJence regar¢Jing tl a5se55ed risk5 of matewral mis5talemenl due lo Ir3ud. th de5pJning and WemEn11n9 appropriale re5ponsesto thosa a$s8sstd k5". aNd lo respond approprialetry Io iAStances of fraud or suspecied haud hlentsfied dur9 th• avdil. However. Ihe primary responsibility lor ihe prevenjion and detec11 of fraj restswh bolh managEriient and Ihose Charged with 9oVemare ol Ihe tharitaL4e wnparry. r appfoxh was as lo1. oblaird an unduslandirvj of the IEgal and regulalr¥y UIreMenlS applicat4e to the chartible CoMpY and c¢J)sKlefed that the mosi $tyniftart are the Conwrmes Ad 20C6. Ihe Charities Act 2011, Charity SORP. UK fmnri rwtin9 Swtsds as by ihe FiTrondal RepDrtiNJ Ce4Jnol. oblaw1 an un(lefstand#¥J ol ¢harAable c31 c4mW tmth Ih•se requkiements by discussions maftagemèrt. * assessed the risk ol matwta fflbstaterw d the fmancial slalernenls. the rr&k ol material ¥5ststernerbt thelg fraud aThl it nwght ¥r. by hothig ¢j$s1)n$ wrfh managemenl. We inquired ol fflana9emenl Ihose £har9ed wth govern as to wy tsn$ of ft. complhince or su$pe¢led noTr¢wWbar wih laws and re9uWJns. Based on Ihi5 undearr¥J. we desvjntd speak appwte procedures lo Identify in$iancès ol non-comph.xe vllth laws and 9t1paI1)is. This makng enqLrirtes ol management and oblaThrt9 adottlal cw0111e w¢ence as rewlred. As parl of an audil n acctydarKe wlh ISA5 {iJK} wt ext¥58 wofe5sYThI Judgemenl and mainlwTr prole55ml seeplici5rn Ihrouyhryjl Ihe all. We atsD". Id•nlrfy and assess Il iisks ol MIlat of Ihe rm??1 51atemenis. thÈlher du• lo Iraud error. design an(1 perftyrn Hrt woce4ures respgnsNe to those rtsk5. and obtain auoil evthnce Ihal 15 suificienl afid approwiale lo wovth a ba%s for ow a10. The risk ol nut deiecbng a malerial rni551alemenl sulling Irom Ir•Jd is hvJhei Ihan lor one resuttin9 from erNw. as fraud may in¥e colbjsion. lorgery. iilenlional tymisgon$, misfepresenlaliLMS. w the overrKle of inlemo)nlrol. Obtain an undwst?ndin9 of M)lernal control levant lo fv awlil in order lo d?gn audit procedur?5 that we approprizte in Ihe arcumstances. trJl not for Ihe wmposes ol ewsgrg an Ihe effec1lene5S 01 the tharithblt comp5 interna contrd. Evaluale the ?FvopnaIe55 ol acC(t7 used and Ihe leas¢ablOsS of acc4)unt e51#n4es d related disdosus made by the Irvslees. CencbJde cffj appmweness oltr tsuslee5' use of¢he oyKem ba515 olatIl¥j and. on the dit ewdenr2 cètned. whelher a maieiTral unCertaty exists f•lai•d lo events of condilkns Ihat may sl gnIfICant doubl w the tharilablp wmpzny's abty 10 contine as a goSn9 cOnm. Ilwe cimdude Ihal a material ¢ertaInty exisls. we are reqed io draw amention in ouraudAofs feportto Ihe related ijisclosures the financial slalemenls or, il 5uth disckJsure5 are inadequale. to modify ¢Jvr opinion. Our condUsTrS are basèd on Ihe audil eWdP¢e oblaintd up kn the datè ol ow d0¢S rew. HTh8w, lutuie evenls or nln5 may ¢ause Ihe charitawe its cease to thniinue as a o)fftg conetm.
Oceana UK 14 cwny byg¢ornnlO•J Ind•pThlen¢ Alit0¥ Report lor th• y•arwd•d J11)•¢•rnb•r2021 feantinu• Evauate the ovwl we5enlalion. slnKiure content of Ihe fal31 stalemenls. IrKlrfg the disdosures, and t•heUr Ihe finan)al slalwnerts represenl th• urwJWly9 aThl ¢¥•nls in a mA8r thal achieves fair presentalwJn. We comnxmkale wlh ilw char9ed with 9¥anCe re9ar(kn9. amon9 olher rniers. Ihe planned scope and miThJ of Ihe audil aTrJ s]ran1 audit fiTrJry5. i[Ug any Sign1cart delti•nuès in knt•mal cMirol that we Identfy dlwing ow aKI Us• ol•yr rnport Thi5 report 15 made 5dely lo Ihe charNat42 rnrnparfs membws. as a ty. in acctydante wilh Chaler 3 ¢f Part 16 DI Ibe CompanR$ £t 20C6. Our •Jdrt has been w4lerlaken $0 thal we might stale to Ihe comptmy'$ rnembers Ihose rnatters are iequffel to state lo Ihem In an report and lor no otlr purpose. To Ihe fullest exlenl perrnitted by law. we not epI ty a5swne responsib4ily lo any pwly olher than the eharilable mpany and chdaOlo m•nets as a boty. 4)r tyJr aL*t wryk. lor Ihis report. w for Ihe QF4nhJns we ave lorme AwleW SInd ISenKrf St3tuliYy Auditor) lor on bèhall ol Motye ngStOn Smth LLP. Slaiut(ry Ab enShi House 60 Goswetl Road London D..
Oceana UK {a o)mpany mrted by guaranleo) Slalementof Fln•n¢l•l ActsvJlie5 lorth• ended Jt DKemb•r 2021 Nole Unrt¥tsiGt•d lund5 Totsl 2021 Total In¢om• from Donatlons and gaGI85 32.938 32,938 138.878 Tolal In 32.938 31.93B 136.878 Exptnditsrt on Ch4Titatslt aclfvllie¥ ost ol ralslng fd5 S24.047 63.831 $24.Q47 63,831 467.546 S1.138 Total exp¢tltUr 587.878 517,67• $18.684 t4et expenditwe 1554.940) 1554.YOI I381,) Nel mo¥effjenl in fw 1554.9401 1554.9411 (351.8061 Reconclllation ol lunds lunds brou9ht IrThatd ai l J¥rt 637.404 637.404 1.019.210 2021 T•tsl fvnds carried lonvard at 31 Oe¢embei 2Q21 82.464 12h64 637.404 The afefflenl offty[al ath41s l¢Js8u reGcgrM5ed in Iht year. All Ihe above iesums are The ntrtes on pagès 13 to 19 lomi part olthese finnial Smon1*
Océana UK {• oanY &miled by guar¥wi 8alae Sheet frwth• y••rended 31 De¢effknr 2DZ1 C•xnparynumber05952219 Ilot• 2021 2021 2020 2020 Flxed assets TarvJlle assels 65.72S 78,290 Currenl a55•t5 Debtors Cash al bank an¢J in hwkj 723 1S7M48 16,585 613. 1S8.$71 629.651 Crnlltors: amounts ialkn9 dut within one year 10 1141.8321 170.5371 Net eurrtht assets 16.739 559,114 a¢9 less ¢umt liatslfftles 82.464 637.404 Funds UNeslrid•d 637.404 Totsl lund> 637.404 These ac¢ount$ are prepared fft xC0rdar with IF prol0n5 Jppkatk kn cth1vnS sw 10 the Smal yanie5' regine and in aCCdarKe vthh of FRS 102. The fmanc4 siatements we apprryed the ar#J S¥jn on.................... .. Dlr•¢tor Gl,-I, The notes on pages 1310 19 ltym w¢ ol#Lese
Oceana UK {• rn Imited by guaradeel Notes to th• firtafi¢la¥ ststefflernts lorth• Y•ar¢nd 31 tember 2•21 Ac¢oyrtkng polldes Ocw• UK is a wivale limiled ccvnpany aled fft EnaTrd >)d Wa$ 4mder Ihe Companie5 A 11 15 a company limrfed by gurntee. The address ollhe Feg51ered 0ffKe is 10 QuÈtn Str•el Plxe. London, EC4R 18E. The principal accoun119 adtpied, jUdgemts and key styJf¢•$ of estmation Of uncertwnty Ih¢ preparaU ol Ihe fin•ncr4 staWm•fts ¥• fol(.. 8a&s ofpr8parnl# The finaroal stafefflenls Iwtr been pryed on a his 5t bags arwj to the ntarest POLWhd. The fintial slalements have been wepared ¥b wilh P£crwnting and Reportsry ty Chaiilies.. Slalernent of ReMrnrnjed Practte ¥plK31ti lo elw1S WarIng Ihev accounts in accosdance with Il Flnan¢i¥l ReFwiing Stard zpplKe Dl Ihe UK and R¢pubk of lieLind IFRS 1021 leffeciive 1 January 20151- (Charities SORP IFRS 10211, the FinancA Rwikng Slandwd applKablE in ihe UK and Republ¢ ol IreLinLI IFRS 102) and ts Corw¥e5 AGt 2(KO. Ocwa VK mee1$ the defin1(% ol a sx)k benef enlty under FRS 102. naneialmpyluwslandard 102~ MdUdIsC?sffl •xofrWths The company has iaktn advafjiage of Ihe thsch)e exanpkons in prepwing th•s• financfal statements. as pernirfied by Ihe FRS 102 Ihe Financial ftepDrt1 Siandaid appli¢e in Ihe UK and Repu ol Irel3TrJ": the requiremenls of Secbtyi 7 Staiement of Cash FItr". the reqwemenl5 of sect 3 Staiernfrnt PreSwrta1h Poragiaph 3.17{dl: the requkements ol SectpJn 11 Financial InstNmtnts para9raphs 11.39 lo 11.48A: Ihè i+quents ol Sectvjn 12 Olher InsbThnts paragrnphs 12.26 10 12.29: TIw5 in1oatioTr bs w¥Juded c¢K0ed fml137 siaterTw15 ol OceaTra Inc. 35 at 31 Dtc•mb•f 2021 anLI Ihe5e fina111 5talern•nt$ may bè obiahled from IPR regiered offtC4 * 1350 ConnectioJl Ave. NW. Sth Floor. Wasbington. O.C. 20036. Uniled &aie$ OlArne. Tho FnwKial Slatemenls wepaffjd the goww cwem basis hith assu$ thai Oceana UK will eosiiinue in operallon eXis1en fw Ihe loweseeable lulure. The Board ol Truslees have conskl2rÈd the wothing c•lal and cash lknv requrfefflen15 for at feas112 fflonths frorn ihe dale of apwoval of Ihese finanual slaiernent5. ITh maiThg Ihis a$se55rnenl t1 tsuslees have consKlered the impacl ol Co¥id19 on Ihè finanual posilion of the Charily. Ckeana ¢. ha$ confimd it wll ¢ontinue io VWLle suffiL?ent fmancial support lo I raiily lo enable it lo cwtiNe in operalknn al least one year from the date of approval of these finanp SfffeThls. As a res1. the Tnts¢ees have 19 •Jopl th• 90ry cCern basi5 in wepariry the ianual slalernenls Ffft•3n cU¢Y tr8#¢1 we rerryded al excharye rnte a¢ time of transxlwJn. Forew Jrnency balan¢95 are Iran51ated inlo stw&ng al IheexGhange rale al the tsalae Se1 date. Resultin9 9ain5 or1055e5 are I[ded in Ihe Statement ol FinaTKial Adw"ie5. Cash donaiions gfts are Statemert 0(Finala1A"v1swhefi coTh11ions lortholr c•pl have been mel. *onc¥s specfy Ihal donalw)ns Io Ihe charity musl be vseo in hAure acco19 per•)ds. Iha income ts delte unbl IhD5e 13
Oceana UK
la Iimiied by guararteèl
Ilotes to the finan¢i•l stalemeots
lorthe y•v¢nd•d 31 Dxernbff 2021 (Contin1
A¢¢ounting polkl•s
Income from futhi5iry e¥w45 15 in th? ¥men15 I1 pw¥Jd fft whith tho Iwthaising
evenl lakes pkc¥.
Exp8nLYrttK
Ewenditwe is recI)gned OD an bas& pe0 in v4tKh Ij[red.
Chaiilable expendiluie ¢oryiises IhD5e costs irKurred by lh• charty in Ih? of rfs aclsvibes
seNices lor rts benefidaries. 11 #deS cost5 Ihal can be ad(Kaled (fjredfyt io such adivili85 and those
tosls of¥n Ire¢l Traiu CesSY lo s¥¥>trl#m.
Tanth frAe
Oceana UK {a ctswny timrfed by guaranlefjl Notss lo the finw¢lal ¥tst•m•nts lorth• y•ar ended 31 December 2021 R•5trict•d fLThts can th be lof Ihe partAlaw sIn"e¢l po$e$ obie¢iNes of the chaily. Restsiclpjns we imposed by dofi or hjntts we raised for 5perified reslricted puffjtssès. Op•rniirtg Thè ¢ost ofopeialkng leases 15 to Ihg stalennt of Finanfial Adiiili5 4)ver Iho period 10 whKh Ihey The cornwy opernles a derwd flx its empbyees. A dofwed conl1tsn 15 a pen5¢0n an urtdei wh¢h Ihe ¢Nroany pays fixed conlrthts.ons inlo a separate eThth'ty. Once Ihe c¢Jnlributions have tren paid cnY ha$ ro fvther p• The ton1ributTrs are iecognised as exrense ih• slement ol FIftVal AdivilE5 when they fall due. Afflounls nol patil a18 as a thabthty n Ihe 8alarKe SI1. assets of Ihe plan aro held separdy trom Ihe in indel¥Jen •lnMnisteted lunds. In Frfeparing finan0 slalemenisit is necess¥y tsmake c•1ahi judgennt$. esbmales and 355umptions that alfe¢¢ the amounls Tecognised in Ihe finanual 51alements. The follyrting jwjyements and estimates are considered by th• Tnjslees lo rTrJst 5ignificanl eltecls on amnls recOgned in the fmgncaal st318m8nis.' Useful Economic Libs- The anrwal dÈpreciaiion chai9e fot and e(•Npment and cower equiprnenl Is sen5its.ve to Change in the e5timaled u5elul econthw e5 iesKlual ¥akJe of as$els. These afe Inctyne frcrfn d¢¥wllons and Ipgacles Unrestri Restrkted funds 1021 2020 Oonions and gfts 31931 32.938 136.878 3U31 32.938 136.878 ExPendItrI 2021 2120 ExpeThlure indude> SlalVco$151not¢ 6) ALJrfDrfs iemufrat•)n- wrrEnl year DtratiOn ol tangitle fwed assets 111S23 7.560 1&010 122.535 7.320 15.063 15
Oceana UK (a cthryany linrted by guar¥lee) oles lo th• stalemtr for the year endtd 31 O•celnl 2021 ChaThtable aelbViti05 Oirnrt ¢0s15 Tolal 2021 Total 2020 costs Chaidabkn a¢tN 481.776 34,711 S24,047 467,546 S Cosl•l rnlslng fvnd5 Dirnet Support Go¥emance ¢ts costs Total 2920 Total Z020 Cosl ol r9 funds 57.113 6.718 63.131 51.138 recl c05t5' irKlude 31 costs witsNwed in delv•W of Ihe relev3rf aciv4Ay. 'Support and 9overnance cosl$' Lryise premises •xpeAses and c4Jsts. post3ge, pfinlblg and 5talimry. depteaalion. travel. bank tharges. tesK. expenses. wages relat¥l9 to govemarKe. authtofs iemunwaikn and bad debls. Employ• 2fj21 2020 &aff Costs Wages 31$ Soclal stturity cosls Pèn51 107.411 97 2.6311 107.488 12.420 2,627 118.$2J 122.S35 A¥era9e nurnber ofeffjthe95 t4wnb•r Numb•r Cosi ol ralsng funds D)ry ts yea lh#eTle eret$O [eNed ernpknyee bene&ts ofmue Ihan t60.00012020: nffj. The thity CLMsthf5 it5 k•y lo be ts InJsle95 ar Ihe Op¢d mwagers, ft ol trse have received ffj i•muneralion benefts dl•7 Ihe year 202112020.. £ Dirncto None olihe thred¢Ys recefved any rLYrAwwaIn {2020: E nffj. No dwe4or expen58s bew Y£uvred by the ch81iy kn the year [2020.. £ ). 16
Oceana UK la cNty>any by gJar•ilee) Notes lo the fina101 stalÈnnts torthe y•arend•d 31 De¢enthr 2021 Ta¥411on Oceana UK is a re9olwed dwrty and has Th) thalxffity lo taxati M Its Ihe year. TangNe a$s¢ts Planl and Compirter eq•nent Ewlpi)wtyt Totsl A$ of 1 January 2021 Addititffi$ 2021 1.887 139.940 2.515 2.515 As of31 Dttemb•r 2021 135.187 142.455 Al l Januy 2021 1,844 61.6SO ch lor lh• yeaF 14299 781 15.080 Al 31 De¢ener 2021 74.1•5 2ffi2S 76,730 Al 31 Derember 2021 62,782 2.943 65,725 At 31 Decernber 2020 77.081 78.290 Oebttsrn 20 2020 702 21 15.585 723 16.585 Induded wthin other •1 2020 is an ol t6.585 rektlw lo a i•ntsl dgp05l rental d•po5il was rtlurned 2021 in fiAI. 17
Oceana UK (aoyrpny trnileil by guaranleel No1•5 lo the finan¢lal ¥tatpments lortht year •¥LI 31 December 2011 IO Crtdltorn: afftowts lal4ng Tmlthln one year 2021 2•2Q Trade credilor5 Olher credlors Amounts Ced 10 wdaled partie5 Other ia¥atim arJ so¢tal secunty 78lX 8.488 510 50,801 3.359 7.379 52,2 3.349 7,682 70,537 Induded kn Othw rJvJikws atV 15 E514 relatry to persi¢m5 Pl)XI.. £5101. 11 Analysis ol charblable lyNIs At 31 l>JrEmbvr Ger1 lunds 637.404 31938 1587.878) 12,464 12 An•lysls ot ne¢asséts fvnds TYJlt ¢urr•nt IlablMIIEs Currèni Toial 559ts Gèneral frjnds 65.725 158.571 {141.8321 82A64 13 Ll•bllJty tt+ the m•mbe Every fflen4)er of the cofflpany ynderlake5 c4)niTdlè an am(11 nol exrxEding ti to assets ol the Charitable in Ihe evenl ol the rlknpany ljeffjy twound up whib Ih•y are a member, N wthn one year after Ihey Cease lo be a merter. TIu5 C4)nlrtbub"on Ihe paymeni of the debls and Ybabili*S ol the
Oceana UK (a ojfflpany limit•il by guarèl Note5 tr the fiMla1 $t¥lwnÈnts Ivrthe yeareAded 31 Decaffiber 2021 14 Anaty5is oIca5h and ta5h •qulvai•nts 20Z1 2•20 Cash al 613,L 15 R8la¢qd party trnnsa¢tlons A5 al Ihe yar.d OEeana UK ¢Jwed a b3knGe of £28.368 12020.. £50.4551 to Fundaoon OE•ana. This bale 15 ¢OrnWi5ed 01 É28.368 charged to ocea[ UK the atyoeNni si9ne(I between partlgs IOT expenses incLXTed ty FUndafi Oceana on behau of Oceana ¢JK. Oce• UK also a baknce ol £23.890{2020.' £3131 ioLke•ia Inc. f0rllwe$P¥l behalofona UK. F¥utoleXpen5escLrreOfyaU19 lo Oceana Inc. Pahl by Oceana UIQ These affThirts are indudpd Ythin nolè 10. 1$ Ullkn•t• conlffollin9 party The Charily is a whdty r/med 5ubshthary ol Oceana, I. whK is tt thlirnal• pareni company incorporaled Ml Ihe Distr1 ol Columbia. The reg15tered oif¢t• ofoceana. 1025 CL¥ti>jI Ave. NW. Sutte 200. Wa5hiryton. D.C. 2CI)36. United siat•$ 01Am. The WIpaI pwpose aThJ of Ihe paril 15 tr ect¥ ollht worbj's oceans Io gJslakn Ihe firde ollile. 17 Operntlry le•s¢s The crJ51 of operairy kases15 r*arged lo Ihe Slalement ol o¥w Ihe wlott to whth Ihey 2021 2020 Wllhln one yeaw 2.8BO 19