2022-12-31-accounts

DwS&gn En%lope ID.. 322D1727.177H83M187.7AE(hX89E452 Registered number.. 06564642 Charity number: 1124840 SCIENTIFIC COMMirrEE ON ANTARCTIC RESEARCH (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 111 ACCKLTDF 2V09r2023 COMPANIES HOLISE

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OotyJS¥Jn Envelope ID.. 322D1727-1774483fkA187.7*EfAWE452 SCIENnFIC COMMIThEE ON ANTARCTIC RESEARCH (A Company Limited by Guarantee) CONTENTS Page Relerence and Administrative Details of the Company. Its Trnstees and Advisers Trustees. Report 2-12 Independent Auditors. Report on the Financial Statsments 13-17 Statement of Financial Activities 18 Balance Sheet 19 Stat¢menl of Cash Flows 20 Noles to th• Financial Statements 21-36

Docu&gn En¥dope10". 322o1727-1774483L¥A187-7AEf￿F4s? SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH IA Company Lirnited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees Prof S Chrywn (resigned 7 September 2022} Dr M Ravrchandran {resigned 7 September 2022) Prof J Simces Prof G WIL%on I￿S￿dned 7 September 20221 Dr Y Kwn, Presbjent Prof D Karentz Dr M Leppe Cartes {appoinled 7 September 2022) B Ozsoy lappointed 7 September 20221 Company reglstered number 564642 Charity registefed urnber 1124840 Reglstgred office Sc¢)tt Pdar Research Instilule LensT￿k1 Road Cambridge CB2 1ER Company Secretary Dr Ec#3han Grrft Chief exKulive officer Dr Chandrika Nath Independenl auditors Peters Ek¥orthy & Mwe Chartefed Accountants SalisbLJry House SlalK)n Road Cambridge C81 2LA Banke HSBC Cambridge Cambndgeshire C82 3BZ Investrnent Manager¥ Rathbone Investment Managemenl Lwnrted 8 Finsbury Circus London EC2M 7AZ Pa9e 1

Oocu&gn Enydope ID.. 322D1727.1774-4830-A197.7AEfwgE452 SCIEPMFIC COMMIThEE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee TRUSTEES. REPORT FOR THE YEAR ENDEO 31 DECEMBER 2022 The Trustees present their annual report tcJelher with the audited financBI statemenls of the company the year 1 January 2022 to 31 December 2022. The Annual Report se￿$ the purposes of L￿h a Trustees, report and a d1￿CtOrS. report undef company law. The Trustees eonfirm that the Annual Report and financial slalemenls of the charitable company compty wrth the cur￿n1 statutory requirements. the requirements of the ehari18ble company's goveming document and the provisions of the Statement of Recommended Practice {SORPI applicable to charrtEs prepafing their accounts in accordance wth the Financial Reporting Standard applic&)le in the UK and Republ￿ of Ireland (FRS1021 leffeLtive 1 January 20191. sin￿ the eompany qualif￿ as small under sect)n 382 of the Companies Act 20C6. the Strategie Report required of medium and large companies under the Companies Act 21)]6 IStrategi¢ Report and Directors. Report) Regulations 2013 has been omitted. 08JECTIVES AND ACMVITIES . POUCIES AND OBJECTIVES The Trustees have considered the chaniys benefft to the pubh"c. The trustees eonfirm that they have paid due regard to the Charity Ccfflmission guidance on public benefit vthen reviewng the charity's aims and objeelives as detailed below aTrJ in planning future actWit￿s. The charity has main objedNes', 1} To advan￿ and promole scienlthc knoAedge. understanding and educab.on on any aspect of the Antarctic region. on the rok of the Antarctic region in the Earth system, and on the effect of gl¢)bal change on the Anlar¢tic regKJn'. and 2) To initiale. facilitate, ccTrordinale and enc(yJra9e international SCntffj￿ research a¢tiv+ty in the Antarctic region, on the role of the Antarct￿ region in Ihe Earth system. arKI on thè effect of gkjbal change on the Anlarclic regK)n. In addi(ion the Charity may further the Objects in particukgr but not exclusivety ty. lal provrding objeth.ve and independent SC￿nItr￿ advice to the Parties to the Antarct￿ Treaty and other organisalions on issue5 of srience and conservalNJn affecting the management of the Antarctic region and the Southem Ocean". Ibl faciliLing free and unfestrKt￿ access to sOentir￿ data and inforniatic￿ regarding the Antarctr region." Ic) developing sc￿nt￿lC capa¢ity in the Members of Ihe Charity and w)ung ￿￿tiSts, and to prc¥note the In￿rpOrat￿n of AnIa￿tiC wence in edu¢alhon at all thls. and Idl communicth.ng scienlrfic infomWt￿n aboul the Antsrctic region lo the public. In setting objectives and planning for acar¥rties, the Trustees have given due consideralK)n to general guidance published by the Charity C>nmtssion ￿laIn9 to p￿1¢ bel￿fft, irtluding the guKlance 'Public benefit. runnin9 a charity IPB21'. Page 2

Doc¥Srs En¥dope ID. 322D1727-17744830A187.7AEtt89E452 SCIENTIFIC COMMIThEE ON ANTARCTIC RESEARCH IA Company Limitod by Guaranleo) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 O&JECTIVES AND ACTIVITIES {CONTINUED) b. STRATEGIES AND ACTIVITIES FOR ACHIEVING OBJECTIVES Across 2021 and 2022, SCAR devebped a new strateg￿ P￿n for 2023-2028, titled "Ur9enl Messages from the South". Antarctic and Southern Ocean sC￿ce and Pol￿. A near-final versDn was presented lo the 2022 SCAR Delegates Meeting in Goa. India. in September 2022. and a small Delegate committee was tasked with finalising the Plan. The final version was circulated to all Deates on January 5th 2023. The new strategy fc¢uses on the climate cftsis and the rok of SCAR as the leading scEnlthc organisation on AntarctTrca. CorKurrenlty. SCAR will continue leading, supporting, and encouraging a broad range of AntarctK and Southern Ocean science and resea￿h. SCAR strives lo establish rts presence a5 a foNard-kY)king inlemalK)nal scienlrfic organi5alion by upholding values comrN)n lo all members and the wder scnlrfic cornmunrty, Including the pftnciples of equalty. diversrty, and inclusNJn IEDII. SCAR also commits to reducing ils catrjn footprint in all actiwtie5 and cooperating with its partners to minimise ermronrnental Impacts on Antarctica and the Southern Ocean. In recent years. SCAR has foeuse(l its $c￿1￿C efforts on tts Scientffjc Research Programmes ISRPS addressing major topical issues ol ihe day. each of which has a Irle of 8 years. Three new SRP$ weie approved in 2020 and began activities in eady 2021: Integrated Science to Inform Antarctic and Southem Ocean Conservation {Ant-ICONI will answer fundamental ￿lence questsons las idenlffied by the SCAR Hortion Scan) relatsng to the conseNalion and management ol Antarctu and the Soulhem Ocean and focus on research to drive and infomi intemational decision-making and policy change INStabilities and Thresholds in Antarctica (INSTANTI will address the first•order question about Antarctica's conlnbul)n to sea level. 11 aims lo quantify the Antarctic ice sheet's contribution lo past and fijture global sea-fevel change by encompassing geosctertce. physical and bKJkngical sctences. Near4emi Variabilty and Prediction of the Antarctic Climate System (Antclimnowl will inveslNJate the prediction of near-lerm condrtions in the AntsTct￿ cltmate system on tirnescale5 of years lo muKiple decades. Taking an integrated approach. it will cOn￿der the Antsrclic envirormenl as a whole. Links to indivKlual groups and further delails are PTovhJed at". https".Ilwhw.scar.orglsc￿nceIsrpl SCAR also supp)rts a variety of other Sc￿ntifiC xtNib"e$ in which value is added lo nalional efforts through international cocyeration. These ¥twilies are coordinated by three Soence Groups ISGS, for respectively Physical Sciences, Geoscn¢es. and Lrfe Sciences) and managed by Action Groups cperaling for short periods and Expert Groups Whe￿ MO￿ time is needed lo achieve ots'ectives. The Science Groups were referred lo as 'Standing ScEntffic Groups. before the 2016 Delegates meeting in Kuala Lumpur. All these groups are allocated fijnding by SCAR to cairy out their activities (see https.'1h￿.Scar.Ol￿ab0Ut-UslSCar-DverView1), and the reports are made freely available on Ihe groups webpages {e.g. https.'IIw4whT.scar.orglxien¢elresearch-overview4. Al the 2018 Delegates Meeting, a ne4V Standing C¢)mrnrttee for the Hurnanrties and Social Sciences ISC-HASSI was approved, wh￿h reflected the grcmlh of the research area and the success of preV￿￿S Expert Group5 on History and Humanrties and Swal Sciences. SCAR'S Standing Commitiee on the Anlafclic Treaty SsEtem has worked ck)sety with the SGS and the SCAR Executive Committee (the Chaiity Trustees) to bring key seientifK issues to the attenlKJn of the Anlaretic Treaty Consuhalive Meeting and other bodies such as the Intergovemmenlal Panel on Climate Change (IPCCI. These issues have a direct impact on the envifonmenlal protection of the Antarclic region. In order to improve how data and infornution are managed and made available, SCAR has devebped a Data Information Management Stfalegy to facilitate free and unrestncted a￿e$S to scientific data and information regarding the Antarctic ￿910n (see https".lfvwM.scai.orgls¢ar-libraryl￿portS-and-bul1etInsls¢ar-reportsl2712- 5car-report-344. In recent years efforts have fcKussed on understanding how researchers search for data and Page 3

Doclkg'gn Enltye ID.. 322D1727-17744831)A•87-7AEIXWE452 SCIENTIFIC COMMirrEE ON ANTARCTIC RESEARCH (A Company Limited by Guarnnteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 0￿ECTIVEs AND ACTIVITIES ICONTINUED) investigating the possitrHlities of a federated search tool. SCAR has a Capacty Building. E¢Jucation and Training Implemenlalion plan Ihttps".11sMv.sear.orglsc8r- librarylreportS-and-bulletins15car-reF4)rtsQ70>sear-report-274 outlining the strategy for increasing eapacily in young and ear￿ career scientists le.g. the SCAR Fell¢)wship Programmel. countries wrth less well developed Antsrctic Programmes as well as promting the incowlral￿Jn of Antarctic science In education at all levels. In 2021 SCAR established its Equalty. Diversty and Inclusion (EDII ActKJn Group. tasked with broadly looking al how EDI issues can be effectwely deaif with wrthin SCAR and what practical actKJns are relevant for the organisats"on. Folhyiing an open call for vdunteers initrated in 2021, over 150 responses were received and allowed the leadership structure of the Action Group lo be established and responsibilibes are being assigned. Work has already begun on audfting exisling infomiion about diversity in leadership positions. applications to award schemes, and attendance at meetings and conferences. SCAR'S EDI Action Group. approved in 2021, now has over 150 members. A sFgnthcant theme emerging from EDI-themed sessrons and workshops al the 2022 Open Science COnfe￿nce was the need to la¢ilitate safe space discussion groups and hlenlify the most effective platfoims to do so. In November 2022. the group Ce￿brated the third InternatK)nal Pokr Pride Day, along with many olhefs. Subgroups are working on tf4)ics such as developing a ecK1e of conduct and surveying diversity across the communty and across SCAR'S capa¢ity-building actwknes. More detsils are available al hltpS".IAth￿V.$¢ar.orgl¢3P8c￿-bU1ldIngledtshorne1 SCAR has, li addrtis)n, developed a strategy to meet the requirement to o)mmunrcate scientific information about the Antarctic ￿lOn to the publ￿ Ihttps'.1fvA￿.scèI.0rwSCar4lbraryIrep0rts-and-bvI1etlns1scal-reportsI2703- scar-report-2511. This pLqn is In the prctess of being updated intemalty by the Secretariat. The SRPS are reviewed internalty every two years and exlemalty at four years. The progress of all groups and the Secretariat against slated ￿tIOn pkns 15 monrtore(l annualty. ACHIEVEMENTS AND PERFORMANCE . Review of activities Highlights of 2022 include SCAR'S 101h Open Science Corrference Iscarf2022.orgi. held online in Avgust *Mlh a total of 69 events and over 2.700 fegislered parttipanls. and the XXXVII SCAR Delegates Meeting, held in Goa. India, in September in a hybrrd foftnal. enablrng parttcipants from 46 ￿ntrieS, scienlffic unions and partner organisalions lo attend in person or online. At the Antarctic Treaty Consullalive Meeting IATCM XLIV) held in Bedrn, Gemany, in May, SCAR submitted fouf W0￿1n9 Papers. six Information Papers and one Background Paper. SCAR'S Antarctic Climate Change and the Environment (ACCEI Decadal Synopsis report was strongty wekomed by part￿5, and Prof Dr Hans-otto Portner IAlfved Wegenef Inslrtutel delwered the SCAR Lecture, 5ummarising the ACCE report and it5 scientific basis in the findings of recent Intergovernmental Panel on c￿"rnate Change IIPCCI reports. SCAR was also invited to deliver a ￿Cture summarising the ACCE rep)rt al the CCAMLR meeting in Hobart, given by Professor Si8ven Chown. former SCAR President The Soulhem Ocean Task Force, coordinated by SCAR, published the Swthem Ocean AclKJn Plan in April 2022, ¢￿tribu￿"n9 to the UN Ocean t)ecade {https".Ilw•w.sc#Jecade.(Jg4. In Febwary 2022. SCAR. together with IASC. the Prince Albert11 of Monaco Foundation and the Oceanographic Institute of Monaco, signed an Mou on the"Pdar Inrtiative" Ihttps"IlwM.fpa2.orglentinilialiveshhe-polar-inbtialive- 0121, the first activty of which was the SC1entrf￿ S￿mPOSIuM.' From Arctic to Antarclic The Cold is Gettin9 Holl, held from February 24-2Sih in Monaco. As part of Ihe Initiative. the Foundation will also fund an addilional SCAR Page 4

Oocu&"gn Envelope10." 32201721.17744830-A187-7AEIKfj89E452 SCIENTIFIC COMMIThEE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 OBJECTIVES AND ACTIVITIES (CONTINUED) Fell￿Ship each year for al kasl lour years. beginning in 2022. SCAR co-organised several side events al the UNFCCC COP27 meeting in Egypt, including an official event on 'Sl¢)w Onset, Irreversible lrnpacls BeY￿d Adaptstion.. Global Stocktake. IMplementat￿n and 1.5° Ambition" and five events at the Interr￿tional Cryosphere Climate InilFative's Cryosphere Pavilion. Activities of Relevance to Oty'ective 1 Ipromotw of se￿1￿¢ knowled9el plus Icl and (d} (capacty building and communications) of the Chanty". SCAR has a Capacity Building. Education ar￿ Trnining IC8ETI Commrttee. an essents.al activty of which is the Fellowship programrne. SCAR is a CO•sponsor with the InternatKJnal Arctic Science Comrnittee IIASCI of the Association of Polar Eady Career sC￿ntI$ts IAPECSI. wh￿h was developed under the International Pdar Year IIPY). The SCAR Fellowships continue lo attracl many applicalK)ns. with 37 prcposals received for the 2022 round. A total of 5 SCAR Fellowships were •¥arded from the availab￿ funds, including the first Fellowship awarded through the Polar Inrtiative The Fell(Mships are Intended lo allow earty Career researchers lo carry out periods of research in a cc4Jntry drfferenl lo their own and provJe opportunrties for nthorking and skill development. The 2022 SCAR cohort was from Brazil, Argentina 121, the UK and Ukraine. https'.lfvw￿.sCar.Or￿9ene[a￿sCar.neWsl2o22￿car4eIk)￿ for further detail5. In 2013, SCAR intr￿jU￿d a new Visrting Professor scheme. India and SCAR jointly funded this for the inaugural year. The main aim of the scheme was lo prLNnole partnerships that advance Antsrclic researrh in a country with developing Anlarclic prcgramme. In 2018 several changes were intr0dl￿ed lo address a lack of dNersrty in the appI￿allonS and to wKlen the scope of the capacity building proposed by the applicant$. As a result. the scheme was re-launched as the SCAR Visiting Scholarships and attracted 27 applications {compared to 9 in 20171. with 9 of these applicants being female {none in 20171. For 2022. 15 applulions We￿ received. wlh 10 of these being female. For the 2022 schwne, three awards were made lin early 20231 lo appli(3nts from Brazil. USA and Norway Isee https.'Ilw￿.scar.orglgener81-$car-news12O22-￿srtIng-sch￿arSfj. Further details of Ihis scheme are given al https..IfvN￿4.$cai.O￿aWards￿.sth.ng-Sch￿8rs1o￿ThieWl SCAR Is participating in a project to update and publish online a bcd( on Polar Education Resources {publish8d in 20101 as a acy of the InlemalK)nal Pokr Year 2007-2008. SCAR 1$ partnering wrth Polar Educators International, the Internal￿n31 Arctic Suence Commrttee IIASCI and the AssociKJn of Pobr Early Career Scientists {APECSI to advance the prqect. Activities of Rdevance lo Objective 2 {￿lent￿¢ research) plus (a) and Ibl Ipolivy advice and data a￿ss) of the Charity". SCAR'S mission is lo be the leading non-govemmental, intemalional facilitator and adv¢xale of research in and from the Antarctic TegK)n, lo piovide objective and aulhoritative scienb.fic advi￿ to Ihe Anlarcti¢ Treaty and other bodies, and lo bring emerging issues lo the attenb'on of policy7nakers. The 2022 Antarctic Treaty ConsultatNe Meetmg {ATCM XLIV-CEP XXIV) was hekl in person in Bedin, Germany (also wrth some online participats"onl. The SCAR delegation presented papers ¢)n climate change. tourism, the Anlarclic Environments Portal and a summary of SCAR-affiloted research tivrties relevant to the climate change science needs idenlthed by the Commrttee on Environmental Prolects'on ICEPI. SCAR also provided advits on olhef topics under discussion by the Parties. such as special protection for emperor penguins, chemical wn1amlnat￿n. and environmentsl monrtoring. The Antarctic Climate Change and the Environment IACCEI Dec*Jal Synopsis report was slrongty welcomed by the Parties and referred lo throughout the meeting. Hard copies of the report weie wowded to delegates. and large infographic banners were displayed in the meeting exhibitw Space. Pfof Dr Hans-otto Portner (Att￿ Wegener Instrtutel delNered the SCAR Lecture on Page S

Doty&gn Erwdope10. 322D1727.17744WA187.7AEt#X89E452 SCIEp¥llFIC COMMITTEE ON ANTARCTIC RESEARCH (A Company Limited by Guarante•l TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 O&JECTIVES AND ACTIVITIES ICONTINUEDI 'Anlarctic Climate Change and the Environment- a syrwsi5 and recommendations for ￿t￿n., swnmarising the ACCE report and its sC￿ntifIC basis in Ihe findings of the recent Inlergovemmenlal Panel cffl Climate Change IIPCC) rep)rts SCAR advKe to CCAMLR in 2022 focussed on dimate change In the Southem Ocean, including a presentation of the Antarctic Climate Change and the Environrnenl {ACCE) Decadal Syn¢Jp515 report and an inv((ed SCAR Ledure on this topi¢. Updates were pwded from the SCAR Krtll Act•)n GfOUP (SKAGI and on the work lo Klenlify Key Biodiversty Areas (KBA$l in the Southem Ocean. SCAR ¢o-organised several sKle events at the UNFCCC COP27 meeting in Ewt. including an official event on 'Slow Onset, Irreversible Impa¢ls Beyond Adaplal(on". Gk)bal Stocktake. Imp￿ments￿.0n and 1.5° Ambrtion" and five events at the International Cryosphere Climale InrtiatNe'5 Cryosphere Pavilion. Through hosting the Antarctic Environments Portal. SCAR pro￿1deS impart￿1 information based on the best available science to SUPFth irrformed dtscussKJn issues relevant lo the CEP and wider stakeholders. SCAR'S Data lnfomiat￿n and Management Strategy is available at https..Ifvmv.￿ar.orty]lbr3ryIsCar-reportS-and- bullelinslscar-reports12712-scar-report-341 to eftsu￿ free and unrestr￿ed access lo scientific data and infomialion regarding the Anlarclic wion. The SCAR Data Pdicy 120221 ts described in SCAR Report 42, published in September 2022 at https."IIwww.5car.oWscar4ibrarylrep)rts4nd-tyJlSetinsls¢ar-reports15797-SC8r- feport421. Detailed SCAR news for the year Can be accessed through back issues of the SCAR Newsletter al https.llvwhv.scar.0r￿neWsInewSlette1Sl as wdl as the SCAR webpage. Facebc)k. Linkedln and Twitter siles. . INVESTMENT POLICY AND PERFORhW4CE Through ils investment pdicy SCAR aims lo provide caprtal growth lo enable rt to fulfil its mission and objectives. In the longer tem) it is intended to draw ineome from these irtveslrrtnts lo support SCAR aclmlies. SCAR worked wlh 8 profession81 Investrnent Adwsor when initiating the investrnenls portfolio and direetly with the Inveslmenl Manager(sl to generate a risk profile wh¢ch matches the expectslions of the Execvlive Committee wrth re9afd lo investrnents. SCAR does not depend on retums from this invesling aclivty to fuNJ tts annual expenditure so r( ts anlicped divjdends and proffts will be re-invesled in the portfolio for at ￿$t the first 5 years. The Executs've Committee is prepared to tO￿Tate volatility in the caprtal value of the investment portfolio but will review and assess the performance annually as Outjined bdow. Benchmarks The Investment Adwsor and Investment Manager{sl wll meet al least annualty ￿th the Executive Director lo view the status of the pc)rtI￿￿. The Investment Managerls) performance wll be assessed by the Executive Director and Executive committ￿ annualty wrth reference to benchmarks and targets. These have been inrtially set at 2% largel growth for the pLYifc4io per annum. Page 6

Docusign En¥doFe10." 322D172Y.177U83￿AlO7-7AEC￿8gE4S2 SCIENTIFIC COMMITTEE ON ANTARCnC RESEARCH (A Comparry Limlted by GuardTrtse} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 310ECEMBER 2022 ICONTINUEDI b. FACTORS RELEVANT TO ACHIEVE OBJECTIVES The major factors fdevant to SCAR achEving ils objectives are (il successful planning as enw5ioned by the SCAR Strategic Plan and lil) ensuring adequate resour￿, both financial and human, to carry out the objeetives of the Charity. The new strateg￿ Ptan was presented at the SCAR Delegates Meeting in Seplember 2022 and. fcAlowing final edrts approved by a srnall group of Delegales, pUb[￿hed in ￿ 2023. SCAR'S work in the next five yeafs will focus on key objective5". lal Enhan￿ng Scienti￿ leadership Ibl Provmding scientrfic atjvice lo policymakers Icl Promoting and faulitating access to data and sharing of samp Idl Expanding capacity building, education. and training el Improving Cr￿munIcatIOnS Ensuring Equality. Dwer5ty and IndvsM)n IEDI) Yalues are applied to SCAR'S actmlies Igl Adopting sustainability principles These objectives will be delivered through the folkmng eXpl￿1t ￿t￿n$. (al Coordinating and facilrtating science Ibl Strengthening and expanding partnerships Icl Ensuring sustainable income and effeclive Sup￿ of SCAR'S actNilies Idl Producing valLte-added prodvcts lel Ensvfing excellence by rig¢xous and rev wrth regards to human resourees. n 2022. SCAR the benefit of three full-tiffe staff, an Exeeutive Dire¢lor. Or Chandrika Nath, an ExecLANe Officer, Dr EtrJhan Griffin and a CommuniGgtKJns and Information Officer (Project Off￿r from May 20221. Dr Johanna Grabow. There was also a part-time Administrative Officer, Rosemary Nash. Dr Nath retume(I from long-term sTrck leave in a reduced time capacty in 2022.. however, the Secretariat staff were supported Ihrough a ￿lSUltar(Y position lo the PresJent provided by Prof Mahlon C. Kennicutt 111. a past Pres￿ent of SCAR. The Charity is fortunate lo have the support of the Scott Polar Research Institute, which kindty prowdes office accommodats'on and other facilrtieslamenrtie5 for use by the Charity. In relum. the Charrty offers copie5 of routine publications for the In5litute's library and advises and assists Inslitute staff whenever possible. Due lo the nature of Ihis fv￿-way arrangement. rt is not possible for the charity lo value the in-kind donation within the financial slalemenls. FINANCIAL REVIEW a. REVIEW During 2022 SCAR received grant income of £55,950 12021.. £2.7461. income from national contributions of £504,057, (2021. £474.3541 and investment income of £4,675 12021". £3,706) Expenditure in the year was £435,16512021.' £361,200). The above resutt5 in net incorne before tnvestmenls for the year of £129,51712021.' net ineorre of £119.6061 At the baknce sheet d*e the Charty held restricted funds of £122.536 12021". £79,0201 as detailed in note 12 to the accounts. The Chanty also held unrestr￿le￿ funds. lotallin9 £842.533 12021.. £795.513). Page 7

DocuSKJn Envelope ID." 322DI727.1774483fkA187-7AEt£￿É4s? SCIENTIFIC cOMMI￿EE ON ANTARCTIC RESEARCH (A Company Limited by Guarnnteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OECEMBER 2022 b. RESERVES POLICY SCAR'S reserve is splrt into two fvnds.. (il A "SCAR ReseNe' is a fund to cover routine meetings and admin expenses for a full year which is cakulaled to be the lolal costs of routine meeting plus admin costs for the previous year plus 10Q/o and li1} A "Conlingency Fvnd" which compnses ￿ditI)nal fijnds left to SCAR after committed funds and the Reserve have been taken into account. The Trustees atm to retain free reseNes that are at least equal to cost of routine meetings and adrninislrationlsupport costs. uplrfted by 10%. For 2022 the SCAR Reswve figure based on it5 b￿Jgeted meetings and admin cosls is calculated to be £283.672 {USD$343,2881 and free reserves (bein9 unreSt￿ed funds tangible fixed assets) per the accounts are £837,923 (2021. £795.3891- c. PRINCIPAL FUNDING SCAR'S principal SOU￿ of funding is frun its member ctyjntries. who all pay a sev-assessed fee on a scale that in 2022 ranged from S7,c￿ to $27.500 per year. Al the Delegates meeting in 2012. mem￿ls accepted an increase in SCAR Membership Fees %thich came into force in 2013 and were applicab￿ until 2017. SCAR De￿ateS agreed in 2016 to a new structure for Nat￿nal Contributions from members that came into force in 2018. The details for 2022 are as bejcw.. Category Contribution No Members Total In 2022-. Special Contnbuiors Well Developed Programmes $27.5 555.¢XIO Russia. USA $21.2 16 $339.200 Argentina. Australia, Brazil. China. France. Gerrnany, India. Itaty. Japan. Republic of Korea. The Nethedands. New Zeaknd, Norway. South Africa. S ain UK Behjium. Bulgaria. Canada. Chi￿, Czech Republic, Ecuador. Finland. Malaysia. Peru. Poland, Portugal, Sweden. Swrtzerland, Turke . Ukraine. Uru ua Austrk?, BeL3rus. Cclombia. Denmark, Iran, Mexico, Monxo, Pakistan, Rornania, Thailand, Venezuela Inrtial Stages Programme $12.400 16 $198.4CA) Associate Member Totsl. $7,000 11 $77.OCIJ 45 The charity does not engage in publ￿ fundraising. DurirYJ 2022 the Charity did not engage any exlemal professional fundraisef5. Page 8

Dttus'gn En¥elope ID.. 322D1727-IT7448N187-7AELX68YE452 SCIENTIFIC COMMI￿EE ON ANTARCTIC RESEARCH {A Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 d. PLANS FOR FUTURE PERIODS While 2022 saw a slow return lo in-person meetings. the 2022 SCAR Open Science Conference wa5 held online due to the uncertainty in travel restiictions. The Secretariat continued to work primarily remotely wlh only occasional use of the offices at the Scotl Pdar ReSea￿h Instrtute. In 2023 there has been a noticeable increase in the number of in-person meelings and, consequentty. a ￿nSIderable increase in the aclivily of SCAR Groups through their support of travel. especially Earty Career Resea￿hers. The Secrelariat has also returned to havin9 a presence at SPRI al least two days per week. and weekty Secretarial team meeting$ have had in-person and remote fomials. 2022 saw a return lo the usv81 tt.ming of the Deales Meeting after the Open Science Conference. and 2023 will see the relum of the SCAR B￿lOgY Symposium ar￿ an ExecutNe Commrttee Meth"ng. This will resel the usual timeline of SCAR meetirkgs wth the ISAES symp0s￿M for Geo$c￿nCeS retuming sn 2025, after the first in- person Open Science Conference for six years in 2024. From 2021. the Executive Committee c(N)trolkd ar)d M￿lI0[ed expenditures lo ensure cash flow and reserves were maintained, reflecting the level of Nalional cOntrib￿￿)n income r￿￿ed. These pr￿dureS have been maintained through 2022 and 2023. There have bn no issues 7Mth eash flcrrt or InC￿8s1n9 Sevels of nat￿nal contribution arrears lhfough.oul this wrangement. Future Developments 2023 will see several in-person meetings returning. e.g. the SCAR Biology Symposium in August. the SOOS Symposium also in Augusl and the INSTANT ¢onfererKe in September. and it is intended that for 2024 the standard formal of having in-person meth'ngs for the SCAR Business Meetir¥Js. Open Science Conference and Oelegales Meeting will all lake place over weeks in Pucon. Chile. The Secretariat will wor* with the I￿al hosts lo invesligale how many of the events be opened up to virtual part￿IpatIOn, including the necessty of hawng a hybrK4 De￿ateS meeting. Virtual participation addresse$ some of the inequalities of wportunrty p￿Sented by, lor instance, the cost of travel to in-person meetsngs. It helps SCAR reduce rts carbon foolprinl. wrth a target of nel zero by 2030. Throughout 2023 SCAR has been advancing the preparations for an Intemational Polar Year {IPYI in 2032-33 wrth its ATctic counterpart, the Intemalional Arctic Science Commrtlee. Thi5 wll Invdve the development of a On￿p1 note * invrting expressions of interest lo h￿t a joint SCAR-IASC meeling in 2030. STRUCTURE. GOVERNANCE AND MANAGEMENT . CONSTITunoN The company is consliluted a Memorandum of AssooalKJn dated 1414r2¢Y)8 and is a registered charity number 112840. Charity was incorpofaled in England as a company limrted by guarantee on 14 April 2008 and registered as a charity on 4 July 2008. Page 9

DoLaJSYJn Envelope ID". 322Dl727.177448￿A187-7AEC￿6O9E4S2 SCIENTIFIC COMMIThEE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 STRUCTURE, GOVERNANCE AND ￿NAGEMENT ICONTINUEDI b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the Charity is the wsibility of the Tnjstees. who are elected and co-opted under the temis of the Articles of AssociatK)n. The Trustees who seTr￿d dunng the yearwere as follu4¥S.' Dr Yeadong Kim. President Prof S Chown. Past President untsl September 2022 Prof J Simoes Dr Deneb Karentz Prof Gary Wilson until Sept￿ber 2022 Dr M Ravichandran until September 2022 Prof Marcelo Leppe after September 2022 Prof Buroj Ozsoy. after September 2022 C. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES When new Iruslees are appointed Ihefe a￿ prcKedure5 in pe to ensure that they G￿rty understand their duties and responsibilities. d. PAY POLICY FOR SENIOR STAFF Al the 2016 SCAR Delegates Meeting the Executi¥E Cornmittee was tasked with reviewing the Secretarial Salaries. As a ￿$v￿ pr¢Jposals were develLwed and formalty a9re&J by the Executive Committee al their ineeling in Bmo, Czech Republ￿ in 2017. The Execulive Committee concluded that the rerwneration of SCAR Secretariat staff was outded. having not reflected the high living costs In the Cambridge area. and were bebow the level paid by similar scientific organrLalions based in the same oty. Stsff annual salary ￿leS were restructured lo the following ranges.. Executive Director £57.764 - £73.015' Executive off￿r £34.956 - £46.924', Administrative Assistant Ipart-time 60%) £27.629- £32,958. Staff salaries were appraised annualty within these pay scale ranges initially, however thE Exe¢ulNe Committee decided that pay scales limrts could be exceeded as required by appraised award5. The Executive Committee has engaged independent consultants to advise on an appropriate appraisal and pay award scheme, inclL4ding the pay policy for Sefi￿r staff. and will receive their advKe in 2023. after wh￿h revised policKeS will be determined and implemented. Page 10

(k)￿$Van EnvelopB 10.. 32201727-177HWA187.7AEIKWE452 SCIENTIFIC COMMirrEE ON ANTARCTIC RESEARCH IA Company Limited by Guafanteel TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 310ECEMBER 2022 STRUCTURE. GOVERNANCE AND MANAGEMENT ICONTINUEDI e. ORGANISATIONAL STRCTURE AND DECISION IAAKING The Charity has an Executive Committee IEXCOM) comprising a PreS￿ent, four Vice Presidents (VP. with responsibili(ies for lil Finance, lill Education and Outreach. lili) Suence and INI Adminislralwe and Conslilulional Affairs) and a Past President all chosen lelectedl from De￿9le$ or Attemale Delegates of Full Members. These members are also the Trustees of the Charrty. The Charty is run on a day to day basis by an ExecLrtive Director. an ExecLbtive Officer, a part time Administrative off￿eT and a part time Communications and InfomiatKJn Officer. The Executive Officer is responsible for the day lo day financial management of the Charity ¥wth oversight by the Executive Director. The Executive Director. who is 8 non-voting member of Ihe Executive Conwnrttee. ￿nSUlts on financpl matters %Mth the Vice-President for Finance_ f. RISK MANAGEMENT The Tru$lee$ assess the major risks to which Ihe Chanty ￿ exposed. in particular those related to the operations and finances of the Charity. and are satisfied thal systems and prcedures are in place lo mitvJate exposure to the major risks. These are reguL4rty reviewed, al least annualty. and updated as n8ce$sary. In 2018 the organization established a risk register. Fiom the financial perspective, the Charity has $￿ured income from Ihe nalK)nal contributions of Ils 45 Member countries in 2022. The number and the timely payThenl of conlnbutions by Ihe Members pcovide security for future income. SCAR also ¢onlinLS attracting nthv members, wrth four new ones approved in 2016. one in 2018, one in 2021, and members moved from Assocrale to Full Membership. One further member was approved in 2022. These increases redu￿ the burden of higher costs due lo inflat￿n and salary increases land the burden of payment arrears by a small number of members due lo their economic circumslancesl and will not, in the long run, detract from the abilrty lo spend the majonty of income effectNely on Science 8Ctivrties. While indNhYual members may occasionalty encounter payment difficutties. the national contribution arrears level is closely monrtored and has faI￿n in recent years. At the 2022 Dekgates Mèeting. a 20% increase in national contributions was prowsionally approved. and final approval from members is being confirmed In 2023. The impact of the loss of administration and salary contributions from the Tinker-muse Proe after its completion in 2018 has been offset by the increase in members and the asswated contribLrtions. There are no conventional "competi(cK or9anisions to SCAR regafding its m•n objectives, and rts cperalions and effectNeness are revi￿ed inlernalty and exlemalty pertsJically In 2015 an internal Structure Review was undertaken. with consultation sought from the Antarct￿ research and policy eommunilies. The result5 we presented at the 2016 Deates meeting. and several were approved. The extemal review by the ISC resulted in a positive assessment of SCAR actNrties. wrth recommendations received to help enhan￿ this wt)rk. The most s￿nIficant operational risk is the deperKlerte the Charity has on Ihe voluntary work carried out on its behalf by the Antarct￿ research and poly communrts. In lems of leadership and guidance for rts Science groups and the e¥alualK)n of applications for rts various award. these volunteers continue lo ensure that SCAR is perceived lo be Meeting its objectives for the eommunty. The Chanty will eontinue lo revw h¢)w fi supports these volunteers to ensure maximum effectweness. As noted in the section on Plans foi Future Periods, the SCAR ExecutNe Committee eontinues to closely monrtor the receipt of Nat￿n31 ConlTibutsons in 2023 to ensure that expenditu￿ is tsibred to match the level of income eeived. In this way, the risk of ddayed or missed Contriblrt￿ns wll be mrtigaled. Page11

Docu&gn En¥doFe10.. 322D1727_17744￿A187.7AECQ6BgE4S2 SCIENTIFIC COMmI￿EE ON ANTARCTIC RESEARCH IA Company Lifflited by Guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2022 STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees Iwho are also the direct¢)rs of the company for the purposes of CL)mpany lawl are responsible for Pfeparing the Trustees, Report and the financial statements in a¢cordance with appI￿able lav4 and United Kingjom Accounting Standards Iurbited KIryd￿n Generalty Accepted A¢￿untIr￿ praCt￿e). Company law requires the Trustees lo prepwe financial SL￿ementS for each financial year. Under company law, the Trustees musl not approve the financial statements unless they are satisfied that they gNe a true and fair view of the slate of affairs of the company and of its incoming resoLtrces and appl￿tion of resources, including its incc¥rE and experKlrture, for that period. In weparbng these financial stalwnenls. the Trustees are required lo.. select suitable a¢￿untIng policies and then appty thern consistentl￿, observe the melhc4Js and principles of the Charrt￿$ SORP {FRS 1021., make judgments and accountin9 esbmates that are reasonable and prudent,. slate whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless ri is inappropnale lo presume thal th8 company will continue in business. The Trustees are responsible for keepiro adequate accounting T￿rdS are sufficient lo show and explain the companys transact￿n5 and disclose reasonab￿ accuraty at any time the financial position of the company and enable them lo ensure thal the financial statements comply wrth the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable step5 for the prevention and detection of fraLKI ￿ olher irreguIarrt￿. Disclosure of inlormation to audilorJ Each of the persons who a￿ TDJstees al the time v&en this Truslees, Report rs approved has confirmed that.. so far as lh Trustee is awa￿, there is no rekvanl audil Infom)al￿n of wh￿h Ihe Charitys auditors are unaware, and that Trustee has taken all the steps that ought lo have been taken as a Trustee in order lo be aware of any relevant audit infomialion and to establish that the charills audrtors are aware of that infomalion. Approved by order of the merthrs of the board of Tnjstees and soned on thew behalf by. prfsw giwLS ProfJ Simoes Trustee Dale.. 14 September 2023 Page 12

' Ooc¢JS¥Jn Envdcpe ID.. 322D1727-1774483￿A187-7AEc￿689E4S2 SCIENTIFIC COMMIThEE ON ANTARCTIC RESEARCH IA Company Limiled by Guarane) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SCIENTIFIC COMMITTEE ON AMTARCTIC RESEARCH OPINION We have audited the financial statements of SUent￿ C<ynmittee on Antsrctic Research Ilhe 'charitable ompan¥} for the year ended 31 December 2022 whth comprise the Statement of Financial Activrties. the Balan￿ Sheet. the Statement of Cash Flthvs and the ￿lated r￿les. I￿ludIng a summary of signiftcant accountin9 policies. The financial reporting frarn￿r￿ that has been applied in their pfeparalion is applicable law and United Kingdom Accounting Standards, includiry Finanual Reporting Standard 102 'The Financial Reporting Slandafd applicable in the UK and Republ￿ of IreLand' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial staternents.. give a true and fair view of the stste of the charrtable ￿PanIS affairs as at 31 December 2022 and of rts incoming resources and applicion of resour￿. induding its income and expenditure for the year then haye been propedy prepared in awdarKe wrth United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordanee wilh the requ1￿mentS of the CorTwanies Aet 20C6. BASIS FOR OPINION We conducted our audrt wi accordanee wrth InternatiC￿al Standards on Audrting (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are rekvant to our audit of the finanaal statements in the United Kingdom, including the Financral ReFrt)rting Counol's Eth￿al Standard. and V￿ have ftjlfilled our other ethical responsibilities in accordan￿ wrth these requirements. We beltve thal the audr( eviden￿ we have obtained is sufficient and appropriate to provmle a basts for our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial statements. ¥￿ have concluded that the Trustees. use of the going concern basi$ of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have perf0M￿d. we have not idenlffj￿d any material un￿rtaintieS relating to events or corKlilton$ that, individualty or collectivety. may cast signtfic8nl doubt on the charitable company's ability lo continue as a going concem lor a peri¢xJ of at least Iwefve months from when the financial sL*emenls are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees resp￿1 to going ¢c￿Cern are ￿e￿ribed in the relevant sections of thi$ report. Page 13

DocJJSign Enlope 322D1727-1n448￿A187-7AEL1￿E4S2 SCIENTIFIC cOMMI￿EE ON ANTARCTIC RESEARCH (A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH (CONTINUED) OTHER INFORMATIQN The other infomiat)n comprises the infomwlion wi¢1￿ in the Annual Report othef than financial siatements and our Audrtor5' Report Ihereon. The Trustee5 are responsible for the other infomalton Contained within the Annual Report. Our opIn￿n on the financial slalements does not ¢over the other infomiation and. except lo the extent otherwise explicrtty staled in our report. we do not express any form of assurance conclu5i0n Ihereon. Our responsibilty is to read the other infomiatson and, in doing 50. ￿n$￿￿er whether the other information is matwially inconsistenl ￿th the financial stalements or our kncwledge obtained in the course of the audit. or otherwise appeafs to be malerialty misstated_ If we klenlify such Material in¢onsistenctes or apparent malerkal misstatements, we are required to detemiine whelher this gives rise to a material misstatement in the financial statements themSe￿e$. If, based on the WO￿ we have perfom)ed. we conclu¢Je Ihal there is a material misslalement of this other infomwtion, we are reqUI￿d to report that fact. We have nothing lo report in this ￿ard. OPINION ON OTHER MAThERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion, based on the undertaken in the ¢tyJrse of the audit: the infomation given in the Trustees, Report for the financ¢al for which the financial statements are prepared is consistent wrth the financial statements. the Trustees, Report has been prepared in accordance with applicaNe al requirements. MAThERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of our kno5￿edge and undef51anding of the Charitab￿ cornpany and f(s environment obtained. in the course of the audrt, we have not Identified malefial mi5Statements in the Tru51ees' Report. We have nothing lo report in respect of the folllywiry matters in Telation lo which Corryanies Act 20(6 requires us lo report lo you rf. in our opinK)n'. adeq[￿e accounting records have rth)I been kept. or retums aequate for ¢yJr audit have not been receNed from branches not visrted by us. or the financial slalements are not in agreement with the accounting rewrds and relums.. or certain disclosu￿$ of Trustees. remuneration specrfied by law are not made," or we have not received all the Info￿natIon and explanations Ae require for our audit.. or the Trustees were not entitled io prepare the financial statements in accordance wiéh the small companies regime and take advantage of the small companies, exemptions in preparing the TrLtslees' Report and from the requirement lo prepare a Slrntegi Report. Page 14

Do¢uSNJn Envelo￿ ID: 32201727.177U8>M187.7AE(fWE452 SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH (A Company Lirnited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SCIENTIFIC COMMirrEE ON ANTARCTIC RESEARCH ICONnNUEDI RESPONSIBILITIES OF TRUSTEES As explained more fulty in the TTuslees' Responsibililies Statement. the Tfuslees {who are also the directors of the charitable company for the purposes ol Company lawl are responsible for Ihe preparation of the financial statements and for bwng satisfied that they give a twe and fair Vw. and for such internal control as the Trustees delennine is necessary lo enab￿ the preparatKM oi financial ststements that are free from material misstatement. whether due to fraud or error. In preparing the financh?I ststemenls. the Trustees are respM$￿)le for assessing the charrtable company's ability lo continue as a going con￿rn, disclosing. as applicable, matters related to going concem and using the going concem basis of accounting unles5 the Trustees eiiher intend to Iquidate the charrtable company or to cease operation5, or have no realistic alternative but to do so. Page 15

Dcusign Enveknpe10.. 32201727.l77448￿l87-7A£l6￿￿4s2 SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH (CONTINUED) AUDITORS, RESPONSIBIUTIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are lo obtain reasonable assuran￿ aboul whether Ihe financial staternenls as a whole are free from merial mis5tatemenl. whether due lo fraud or error. and to issue an Auditors, Report that include5 our opinion. Reasonable assurance is a hvJh level of assuran￿. but is not a guarantee that an audrt conducted in accoTdance Wbth ISAS IUKI will detect a material misstatement when rt exists. Mi5$1atement$ can arise from fra¥Jd or efror and are conS￿ered maierial rf, indmdually or In the aggregate, they could reasonably be expected to influence the economic decisions of users laken on the basi$ of these financk?I statements. Irregularittes, including frèud, are instances ol nonsures to undety.ng supwting dotsjmenlation," enquiring of management as to &tual ￿ Wential litig8lKJn aThJ claims.. and Page 16

ow$9n En￿ope ID.. 32201727-l77448￿A187-7￿E(￿mE4$z SCIEKfiFIC COMMirrEE ON ANTARCTIC RESEARCH (A Company Limited by Guarnnt801 INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH ICONTINUEDI we rewewed minLrtes'of meetings ofthose charged wth govemartt. There are inherent limrtalions in our audit procedures described above. The more removed that laws and fegulalions are from financial transactions. the less likety rt is that we would become aware of non<ompliance. Audrting standards also limit the audrt piocedufes required to identify non-compliance wrth laws and regulations to enquiry of the directo￿ and other managem￿1 and the inspectron of regulatory and legal correspondence, rf any. Material misstatements that arise due lo fraL*J can be hard8r to detect than th0$8 Ihal arise from error as they may involve deliberale concealment Of ￿lIU$L)n. A further description of our responsibilrtw for the audil of the fir￿nCial Statements is located on the Financial Reporting Council's website at.. ww.frc.o uklauditorsr nsibilrties This description fomis part of our Auditors, Report. USE OF OUR REPORT This report is made solety to the Charitab￿ ccrfnpanvs Mery￿er$. as a body, in aetordance with Chapter 3 of Part 16 of the Companie5 Acl 20Cfj. Our aL¥Jrt work has been undertaken so that we might slate lo the charitable company's members those matters we are required to stsle to them In an Audrtor5' Report and for no other purpose. To the fullest extent pem)itted by Iw. we do not accept or assume responsibility lo anyone other than Ihe charrtable company and rts members. as a bcoy. for our audrt work, for this report. or for the opinions v have formed Kelly 8retherick (Senior Statutory Auditor) for and on behalf ol Peters Elworthy & Moore Chartered Accountants Slalulory Auditors Salisbury House Station Road Cambridge CB1 2L4 Dale.. 14 Septernber 2023 Page 17

DocLK&yn En%lLwe ID". 322D1727.1774483fkA187-7AEtTh89E452 SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 DECEMBER 2022 Unrestricted fvnds 2022 Restricted fund$ 2022 Total funds 2022 Total funds 2021 Noto INCOME FROM: Charitable aclwilies Investments 560.007 4,675 477,100 3,706 4.675 TOTAL INCOME 508.732 SS.950 564.682 480.806 EXPENDITURE ON.. R8ising funds Charitable activits 4.341 406,133 4,341 430.824 4.549 356.6S1 24.691 TOTAL EXPENDITURE 410.474 24.691 435.165 361,200 NET INCOME BEFORE NET ILOSSESVGAINS ON INVESTMENTS Nel110s5esllgains on inveslments 31259 129.517 {38,9811 119.606 20.893 138.9811 NET INCOME 59.277 112.2571 31,259 12.257 9D.$36 140,499 Transfers behveen funds 12 NET MQVEMENT IN FUNDS 47.020 43,516 90.536 140.499 RECONCILIATION OF FUNDS: Total funds brought fO￿ard Nel movernenl in funds 795,513 47,020 79.020 43.516 874,533 90,536 734,034 140,499 TOTAL FUNOS CARRIED FORWARD 842.$33 122.536 965.069 874.533 The Statement of FIrkinC￿ Activ((￿ includes all gain5 and bsses recoanised in Ihe year. The notes on pages 21 10 36 fomi part of these ffinancial s￿￿eMentS. Page 18

Oo¢ySwJn En¥elcpe ID.. 32201727-17T4483M187.7AEIWgE452 SCIENTIFIC COMmI￿EE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee) REGISTERED NUM8ER: 06564642 BALANCE SHEET AS AT 31 OECEMBER 2022 2022 2022 2021 2021 FIXED ASSETS Tangib￿ assets Inveslmenls 4.610 234.607 124 273,536 239.217 273,660 CURRENT Assgrs Debtors Cash at bank and in hand 10 161,187 620.052 79,669 554,507 781.239 634,176 Credrtors.. amounts falling due within one year 155.387 133,3031 NET CURRENT ASSETS 725.852 600.873 TOTAL NET ASSETS 965,069 874,533 CHARITY FUNDS Restricted funds Unreslricled funds 12 12 122.536 842.533 79,020 795,513 TOTAL FUNDS 965,069 874,533 The Trustees acknowledge their responsibilrties for complying wrth the requirements of the Act wrth respect to accounting records and preparation of financial statements. The financial statements have been prepared in ￿)rdan￿ tMth the provis*)ns appluble lo entities subject lo the small compan￿$ regime. The financial slalements were approved and authorised for issue by the Tru51ee5 and signed on their behaff by.. Profvssor Prol J Simoes Trustee Oale.. 14 September 2023 The r￿e$ on pages 2110 36 fomi part of these finarKial statements. P4e 19

Docu&gn Envéope ID.. 322D1727-17744830A187-7AEOIME452 SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Note CASH FLOWS FROM OPERATING ACTMTIES Net cash used in cpering ivities 14 70,424 137,423 CASH FLOWS FROM INVESTING ACTIVITIES Divtdends, interests and rents from investrnents Purchase of tangible fixed assets pr￿eedS from sale of investments Purchase of investments 4.675 15,846} 61.334 165.042) 3,707 25,222 {26.0141 NET CASH {USED INVPRQVIDED BY INVESTING ACTIVITIES 14.879) 2.915 CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 65.545 140,338 414,169 Cash aThJ cash equNalenls at the beginning of the year 554.507 CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 15 620.OS2 554,507 The notes on pages 2110 36 fofm part of these finanual st*ements Page 20

Docustsjn Envelope ID.. 32201727-l77448￿Al87-7AE￿68gE4S2 SCIENTIFIC COMMIThEE ON ANTARCTIC RESEARCH IA Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared in accordance wrth the Charrtie5 SORP IFRS 1021 Accounting and Reporting by Charities". SLement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republt of Ireland (FRS 10211second edition of the Charrties SORP October 2019, effe￿1ve effective 1 January 20191. ScienlrfK Committee on Antarctic Research meets the deffinilion of a publ￿ benefit entity under FRS 102. Assets and liabilites a￿ initialty reeognised at hiStOr￿al cost or transaction v81ue unless otherwise Stated in the rethnt xcounting poly. There were no swnthcant estimate5 or I￿geff￿ntS m by management in preparing these financial statements. 1.2 GOING CONCERN The Trustees have reVi￿ed the financial K*)sit￿n ol the Charty and have a reasonable expectation that the Charrty has adequate ￿$OUr¢eS to continue in operational e￿StenCe for the foreseeable future. Accordingly. the financkql staterrenls continue to be prepared on the going concern b8SiS. 1.3 COMPANY STATUS The Charty is a company limited by guaranlee. The nEmbers of the Charty are the Trustees n￿ned on page 1. In the event of the Charty being wound up. the liabik.ty in resped of the guarantee is limited to £1 per member of Ihe Charity- 1.4 FUND ACCOUNTING General funds are unrestricted funds wh￿h are available for use al the discretion of the Twslees in furtherance of the general objectr¥es of the Charrty aAhd which have not been designated for other purposes. Restricted funds are funds wh￿h are to be used in aCCordar￿e wth specffic restrictKJns imposed by donors or which have been raised by the Charrty for particular purposes. The costs of raising and administering such funds a￿ charged against the specrfic fund. The aim and use ol each ￿$tr1ded fund is sel out in the notes lo the financol ststements. 1.5 INCOME l In￿Me is reC￿niSed once the Charity has enlitlemenl lo the income, it is probable that the income will be Teceived and the amount of income recetvable can be measured relkgbly. Donated facilr(ies are recognised when the Charty has control over the rtem, any condf(ions associated wrth the donated item have been met. the r￿elp1 ol economic benefrt from the use of the charity ol Ihe item is probable and that economic tenefrt can be rneasura reliably. The Charity some11n￿S secures olfice space for meetings free of charge, however in the majority of instances there is a significant degree of reciprocty to the arrangement and therefore rt is not possible lo eslimate the value. The net effect. laking the recipr￿31 arrangement into account, is not deemed lo be signifunt and is not valued in these acetyjnts. Income on funds hebj lor deposrt ts irKluded when re￿Nab￿ and the amount Can be measured Page 21

DocuSJn En￿Ope ID.. 322D1727.1774-463￿A187-7￿ECWgE4S2 SCIEKfiFIC COMMirrEE ON ANTARCTIC RESEARCH (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POLICIES {CONTINUED) 1.6 INCOME {CONTINUEDI reliably by the Chanty,. this is nomalty upon n￿￿￿tItin of the interest paid or payable by the Bank. Dividends are reccgnised On￿ the dNKlerKI has been declared and rJtificat￿n has been received of the dNRlend due. Income from nath￿al contribut￿nS is recognised in the perK¥J to which it relat85. NatKJnal contributions owing lo the Charity at the year end are incfuded in deblofs. Nats'onal contributions are only wrrtten off after consutst40n with all member delegates. The member wntries self assess which level of contribu￿n ks most appropriate wthh regard to the level of Antsrctic research undertaken in that country. Grants are (eCr￿niSed when the Charty ha5 been notified in writing of bolh the amount and settlement dale. In the event that a grant is subject lo conditions that require a level of performance before the Charty is entit￿ to the funds. the incomè Is deferred and not recognised until either those condrtions are fijlty met. or the fuifillment of those condrtions is wholly within the control of the Charity and rt 15 probable that those condition5 will be fulfilkd in the ￿pOrting period. her income is ree£9nised in the period in wh￿h r( is receivable and to the extent Ihe gcods have been prov•Jed or on CoMp￿tr"0n of the serv￿. 1.6 EXPENDITURE Expenditure is reco9nise(l once there is a legal or C￿structive obligation lo transfer e￿￿orn￿ benefit to a third paty. it is probable lh a transfer of econ(Ynic beneffts will be ￿quIred in settlement and the amount of the obloalK)n can be nwsured ￿11abty. All expenditure is accounted for on an acenjals basis. All expenses including support costs and govemance cosls a￿ allctaled to the app1Kab￿ expendrture heading5. Support cosls are those costs inCUr￿d directty m sup￿ of expendrture on the objects ofthe Charty and include project Management. Govemance costs are those incurred in connection wlh administralion of the Charity and conN)liance wth conslbtulional and statutory fequirements. Costs of raising funds represent investment managerrnt fees. The wages and salaries of the Executr¥e Director and Executive Officer have been alo&ited on the basis of the PT0POrt￿n of time spenl on direct and support activtrs. Expenditure on raising funds includes all expendrture incurred by the Charity to raise funds for its chantable purposes and includes cosls of all ftjndraising activit￿5 events and non-charilable trading. Expenditure on charitable actiwt￿s is incurred on directty undertaking the att￿lI1e$ which further the Charitys objectNes. as well as any assctiated SUPP¢)rt costs. All expenditure is inelusive of irrecoverable VAT. Page 22

DocuS￿Jn enYdope10". 322D1727-1774483M187-7AE(W9E4$2 SCIENTIFIC COMMIThEE ON ANTARCTIC RESEARCH IA Company Limited by Guaranl8el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POUCIES {COPrnNUEDI 1.7 TANGIBLE FIXED ASSETS ANO DEPRECIATION Tangible fixed a$sel$ costing £250 or more are capilalised and recognised when fvlure economic benefrts are probable and the cost or value of the asset can be rrEasuied reliably. Tangible fixed assets are Ini(ially reccYJnised at cost. After recognrtion. under the cost model, tangible fixed assets are measured al cost accumulated depreaation and any &cumulated impairment losses All cost5 incurred to brin9 a tsngible fixed asset into rts intended working condth'on should be included In the measurement of cost. Depreeialion Is charged so as to all¢Jcate the cost of tangible fixed assets less their residual value over their estimated useful INes. using the stravJht4ine method. DeWecrat￿n is provrded on the foll(￿Ing basis". Fixtures and ffttings C(xnputer equipment 20Qh straight-line 33% straighl-ljne 1.8 INVESTMENTS Fixed asset investments are a fomi of financial instwment and are inrtially recognised at Iheii tr8n&Ktion cost and subsequently measured at fair value al the Balance Sheel date, unless the value cannot be measured reliably in wh￿h Case it is measured al cost less irnpairmenl. Investment gains and losses, whether realised or unreal￿, are combin&J arKI presenled as 'Gainsl{Lossesl on inveslmenls. in the Stalernent of Financial ACtiV￿es. 1.9 DEBTORS Trade and other debtors are reccgnised at the seltlement amount after any trade dI￿Ount offered. Prepayments are valued at the amount prepaid nel of any Irade discounts due. 1.10 CASH AT BANK AND IN HAND Cash al bank and in hand inclu(les cash and short4emi highty IK4uKI investments wlh a short maturity of three months or less frThm the date of acquisrtKJn or opening of the deposrt or similar account. 1.11 LIABILITIES AND PROVISIONS Liabilities are recognised when the￿ is an obligation at the Balance Sheet dale as a result of a past event, il is p¥obable that a transfer of economic benefit will be requi￿ in setllemenl, and the amount of the settlen*nl can be estimated ￿l￿9b￿. Liabilities are wognised at the amount that the Charty anticipates it will pay to settle the debt or the amount it has receNed as advawl payynenls for the goods or services it musl provide. Provisions are rnea5ured al the best estimate of the amounts required to settle the obligation. Where the effect of the lime value of money is fnaterial. the provision 15 based on the present value of those amounts, dIs￿unted at the pre-tax discount rate that ieflects the risks specrfic lo the liabilrty. The unwinding of the discounl is recognised in the Statement of Financial Activities as a finance c05t. Page 23

DDcuSvJn Envelope10.. 322D1727.l77448x￿A187.7￿EO(th9E452 SCIEPMFIC COMMITTEE ON ANTARCTIC RESEARCH IA Company Limiled by Guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POUCIES ICONTINUEDI 1.12 FINANCIAL INSTRUMENTS The Charity has financsal assets and financial Irabilities of a kind that qualify as basic financial inslTuments. Basic financial instruments are initialty reccgnwl at transaction value and subsequently measured at their settlerrent value. 1.13 FOREIGN CURRENCIES Monetary assets and liabilrties denominaiejj in foreign currerries are IransLqled into sterling al rates of exchange ruling at the Teporting date. Transactions in loreign currencies are transled into sterling al the rate ruh.ng on the date of the transaction. Exchar¥Je gains and losses are recognised in the Ststement of Financial AdNitEs. 1.14 PENSIONS The Charity operes a defined contribution pension scheme and the pension chafge represents the amounts payable by the Charity to the lund in respect of the year. INCOME FROM CHARITABLE ACTIVITIES Unrestricted R¢stri¢ted funds lund$ 2022 2022 Total fund$ 2022 Total funds 2021 NalKJnal Contribulion fees The Polar Inilialive income Women in Polar Sc*nce income Antarctic Environments Portal income 504.057 504,057 41,529 14.421 474,354 41.529 14.421 2.746 TOTAL 2022 504.057 55.950 560,007 477.100 TOTAL 2021 474,354 2.746 477.100 Page 24

Docusign Enve* ID.. 3220l7￿.17744830Aj87_7￿ElX￿E4s2 SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 INVESTMENT INCOME Unrestricted funds 2022 Total funds 2022 Total funds 2021 DNidend income Bank interest ￿CeIvable 4,393 282 4,393 282 3.704 4.675 4.675 3,706 TOTAL 2021 3.7 3,7C6 INVESTMENT MANAGEMENT COSTS Unrestrlcted funds 2022 Total furtds 2022 Total funds 2021 Investment management fees 4,341 4,341 4.549 TOTAL 2021 4,549 4,549 ANALYSIS OF EXPENDITURE BY ACTIVITIES Activities undertaken directly 2022 Support Costs 2022 Total funds 2022 Total funds 2021 Charitable activities 359,304 71,520 430,824 356,651 TOTAL 2021 226,835 129,816 356,651 Page 25

Ooojsign Envelope ID". 322o1727-177m83￿A187-?AE￿Kw9E4S2 SCIENTIFIC COMMIThEE ON ANTARCTIC RESEARCH (A Company Limbted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ANALYSIS OF EXPENDITURE BY ACTNMES (CONTINUED) ANALYSIS OF DIRECT COSTS Total funds 2022 Total funds 2021 A¢tiviiies 2022 Staff costs Capacty Building. Edu¢ats'on and Training Scientific Actmtses SCAR Fellowships Medals SupFKIrt ActNrt Bad debt provisM)n Unclaimed travel grants 119,410 7,519 39.570 36,81 S 2.148 260,652 44.565 80 {25,487) 2,148 260,652 44,565 80 125.4871 30,929 17,4081 359,304 3S9.304 226,83S TOTAL 2021 226.835 226,835 Of the above expendrture, £24,691 12021.. £5.3191 was met direclty frcffi ￿$t￿led funds. The figure for s￿entsfi¢ At#ivities of £260.65212021". £39,570) indudes expenses such as workshop and event expenses. travel expenses and co-sponsorships whth are incurred in the Un￿strICted aetivty of the Charity. Page 26

DocuSHJn Envelope ID.. 32201727.177UWA187.7AEC#)669E452 SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH IA Company Limited by Guaranteè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ANALYSIS OF EXPENDITURE BY ACTivmES (CONTINUED) ANALYSIS OF SUPPORT COSTS Totsl fvnds 2022 Total funds 2021 Activlties 2022 Stsff costs Depreciation Foreign exchange gain offi￿ costs Secretariat travel Bank lees and interest EXCOM travel B￿kkeepIng fees {g0veman￿) Accounts p￿paratif￿ {govemance) Audit fees Igovernancel Professional. legal. and other fees {govemancel 108,991 1,360 (99.0981 19,277 6,519 4,181 8.404 9,041 4.31 S 8.400 130 108.991 1,360 199.0981 19,277 6.519 4,181 8,404 9.041 4.315 8.400 130 97,807 1,080 13,5331 5,362 580 2.945 8,640 5.160 8,030 3,745 71,520 71.520 129,816 TOTAL 2021 129,816 129,816 In 2022 arKI 2021 all sijpport and governance costs were met from unrestrKted funds. G¢)Vernan￿ costs amounted lo £21.88612021'. £25.575). AUDITORS, REMUNERATION 2022 2021 Fees payab￿ lo th8 chanty's auditor for the audrt of the Charitys annual accounts 8.400 8,030 Fees payab￿ lo the charity's auditor in respect ot. All non-audrt ser¥ices not included above 4.336 5.160 Page 27

DocuSwJn En¥dwe10.. 32￿11?27.17744e20.Al87.?AE(f¢89E4S2 SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 STAFF COSTS 2022 2021 Wages and salaries S(￿la1 secufty costs Contribution lo deffined contribution pensK)n schemes Consutsncy 144.893 10.798 4.040 26.606 168,797 13,780 5,252 29,388 186.337 217.217 The average number of perS￿S empbyed by the company during the was as folbws". 2022 No. 2021 No. Empl¢)yees No employee ￿e1ved remuneration amunting to more than £60.C(Q in erther year. The key managemenl personnel of the Charty ccrfnprises the Trustees and the Executwe Oirector. The Trustees all give their time and expertise wrthout any kind of remuneralion or other benefrt in kind12021'. £NIll. The total employment beneffts of key management personnel We￿ £21.192 12021.. £68,780). Employment beneffts includes employers national in$uran¢e and employer pension ¢ontributions. During the year, one Iruslee receNed reimbursed travel expenses amounting lo £8,40412021' None). Page 28

DO￿$19Th Én¥elope 10.. 32201727.17744830A187.7AE¢)J689E452 SCIEKTIFIC COMMITTEE ON ANTARCTIC RESEARCH {A Company Limited by Guarant•e NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 TANGIBLE FIXEQ ASSETS Computer equipment COST OR VALUATION Al 1 January 2022 AdditKJns 18.7S7 5,846 At 31 December 2022 24.603 DEPRECIATION At 1 January 2022 Charge for the year 18.633 1.360 Al 31 December 2022 19,993 NET 800K VALUE At 31 December 2022 4,610 Al 31 December 2021 124 Page 29

Drwsgn Envdope ID.. 32201727-1774489>A187-7AE(IA89E452 SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FIXED ASSET INVESTMENTS Listed Cash held at inv8stments brokers Total COST OR VALUATION At 1 January 2022 Addi(ions Disposals Iproeeeds £61.334. realised loss £7991 Revaluation5 AJnounls written off 262.204 65,042 162,1331 {38,1821 11.332 273,536 65,042 162,133) (38,182} 13,6561 13.6561 AT 31 DECEMBER 2022 226.931 7.676 234,607 NET BOOK VALUE AT 31 DECEMBER 2022 226.931 7,676 234,607 AT 310ECEMBER 2021 262,204 11.332 273,536 All the fixed asset irwestrmenls are hehj in Ihe UK. All investments are cned at their fail val￿. Inveslrnent in equrtie5 and fixed Inte￿$t securities are all traded in quoted publ￿ markets, primarily the London St￿k Exchange. Holdings in common investment funds, unit trusts and open-ended investment companies are at the bhl price. The basis of fail value for quoted investments is equivalent to the market value. using the bid PTtce Asset sales and purchases are recognised * Ihe dale of Irade al ￿$1 lttwl is ltreir transactK)n value). The Charity is operating an investment polw that pr¢)vides for a degree of diversification of holdings within different unf( trust investments. Potenll returns have been sought from 8 combination of capital aPPfecialvJn and incLKne retum. These relums have been sought from a combination of the assets used in Balanced Retum, portfdios, bul also include a ¥￿der range of possible investments that are more volatik, but provJe a higher potential return, Suth as investments In shares or overseas inveslmenls. The portfol￿ is well diversrfied by asset class and more weohled towards more secure investments such as Brrtish Government securities (Gittsl or bonds issued by other secure supranational organisalions such as the Eurowan Investment Bank. 11 also comprise5 of other income producing investments, such as coiporate bonds and preference shares but to a lesser exient than nomalty assccialed with 'lncome Return. investors. The baknce of the Fortfolio incorporates direct investrnents into shares of large and medium SLzed companies. The Charty th)es not mae use of derivrves as rt lakes the that investments are held for thwr longer temi growth annual inccm*. The Charity has no material inveS￿nI holdings in markets subjecl to exchange controls or trad restrKtions. Page 30

Doojsign EnveloFe10". $2201727.17744830-A187-7AE((689E452 SCIENTIFIC COMMIThEE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 10. DE8TORS 2022 2021 DUE WITHIN ONE YEAR Trade deblofs Other debtors Prepa￿neftts and accrued income 128,678 4.000 28.509 75,669 4,000 161,187 79,669 11. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Trade creditors Oiher taxalK)n and soual security Other creditcrfs Accruals and deferred income 18,410 2,618 402 33.957 17,339 15,964 55.387 33.303 Page 31

Do¢uSign Envelo￿ ID.. 322D1727-l774483￿A167-7AErA168gE4S2 SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 12. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Bala￿e at 31 Gains1 D￿eMtser ILos5esl 2022 Balance at 1 January 2022 Transfer4 inlout Income Expenditure UNRESTRICTED FUNDS General Funds- all funds 795.513 508.732 (410.474) 112,2571 138.981 842,533 RESTRICTED FUNDS Antarctic Environments Portal PRAMSO Women in PoL8r Science The Polar Inrtiative 29.185 49.835 {20.9091 3.095 5.906 11.371 SS.741 14.421 13.7821 442 11.081 41.$29 2.814 79.020 55.950 124.6911 12.257 122.536 TOTAL OF FUNDS 874.S33 564.682 (435.1651 138.9811 965,069 Page 32

DocuSKJn En¥ely ID.. 322D1727-l774483￿l07-7AE(￿E4S2 SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH (A Company Limited by Gtsafantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 12. STATEMENT OF FUNDS ICONTINUEDI STATEMENT OF FUNDS - PRIOR YEAR Balance at 31 December 2021 Balance at 1 January 2021 Transfers inloul Gainsl ILossesl Income Expenditure UNRESTRICTE D FUNOS General Funds- all funds 655.035 478.C60 (355.8801 (2.5951 20,893 795,513 RESTRICTED FUNDS Anlar¢t Environments Portal PRAMSO 31,570 47,429 2,746 15,320) 189 2.41 29.185 49,835 78.999 2.746 15.3201 2.595 79.020 TOTAL OF FUNOS 734.034 480. I361,2￿) 20,893 874,533 Page 33

Do(xJSvJn Envelo￿ ID.. 322D1727.177448WA187-7AELX6￿4s2 SCIENTIFIC COMMITTEE ON ANTARCTIC RESEARCH IA CoM￿nY Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 12. STATEMENT OF FLINDS ICONTINUEDI l of the transfers represent administration recharges aThl fOre￿n eXCh￿ge drfre￿n￿. Restn'cled Funds The Antaretic Enwronmenls Portal- The Portal {www.environments.aq) continue5 to provide the Antarctic Treaty Parties wrth easy access to reliable and up4Trdate information on a range of issues We￿vant to the management of Anlardie environments. During the year funds were receNed from The Ministry of Forwgn Affairs- Nethedands Govern￿￿nt the Australian Antarctic thvision. PRAMSO (Paleoclimate records from the Antar¢ti¢ Margin and Soulhem Ocean) - Support provided alongside SRP - PAIS Iscientffic Research Programme - Past Anlatctic Ice Sheet dynamics) and the Programme Planning Group for INSTANT IINSlabilits and Thresholds fft ANTafCtta). Women in PoLqr Science - This projed aims to build a strong nehvork of W¢)men wothing in Polar Scienee and Inspi￿ Othe￿ lo become polar sc￿lIstS and al pfesent does not have its own inslrtutional base, arthough rt ¢Joes attract signifunt funding. SCAR acts to ￿e1ve and distribute this funding under the direction of the prqeet leadership. The Polar Inth"alive- Sign&J in 2022. the IniliNe p¥lners the Prince Albert11 of Monaco Foundation with SCAR and the International Arctic ScEntffic Commitiee. to address Issues of common interest, through support for bienn￿1 meetings and funding for dedicated Fellwhips. 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR Unrestricted funds 2022 Restricted funds 2022 Total funds 2022 Tangible fixed assets Fixed asset investments Current assets .Creditofs due within on8 4,610 234,607 658,703 155,387) 4,610 234,607 781.239 155.3871 122,536 TOTAL 842.533 122,536 965.069 Page 34

OooJS¥n ÉrNelope10.. 322D1727-1774483M187-7AEC(689E452 SCIENTIFIC COMMIThEE ON ANTARCTIC RESEARCH {A Company Limited by Guarantag) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 13. ANALYSIS OF NET ASSETS 8ETWEEN FUNDS (COPlnNUEDI ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Tangible fixed assets Fixed asset Investments Current assets Credilots due wthin one year 124 124 273,536 634,176 133,303) 273,536 555,156 (33,3031 79.020 TOTAL 795,513 79.020 874,533 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 14. 2022 2021 Nel income for the year la$ per Stateft￿nt of Finanoal Adivrtiesl 90,536 140,499 ADJUSTMENTS FOR: Depreciation charges Gainslllossesl on inveslff*nts Oividends, interests antl rents investments Oecreasellincreasel in debtors IncreaselldeC￿asel in creditors Movement in cash at broker 1.360 38.981 14.6751 181,5181 22,084 3,656 1,080 120,893) 3,706} 23,633 14,826} 1,636 NET CASH PROVIDED BY OPERATING ACTMTIES 70.424 137,423 IS. ANALYSIS OF CASH AND CASH EQUIVALENTS 2022 2021 Cash in hand 620.052 554,507 Page 35

DocuSKJn Envdope ID.. 322D1727.1774483￿AI87-7AE￿6B9E4S? SCIENTIFIC COMMIThEE ON ANTARCTIC RESEARCH IA Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 16. ANALYSIS OF CHANGES IN NET OEBT At31 December 2022 January 2022 Cash flow5 Cash at bank and in harKI 554.507 65,545 620,052 554,507 65,545 620,052 17. PENSION COMMITMENTS The Chanty operates a defined contr￿ut￿n$ pens*)n ￿heMe. The assets of the scheme are hehj Separately fr¢yn those of the Charty In an independentty administeied fund. The pension ¢ost charge represents Contributions Payab￿ by the charty to the fund and amounted to £4,040 12021 £5.2521. Conlribuiions lotalling £402 12021 tNill were payable lo the fvnd at the balance sheet date and are included in creditors_ 18. RELATED PARTY TRANSACTIONS There We￿ no related ￿rtY transactK)ns during the current or pre¥ious ￿ar$. Page 36