2023-03-31-accounts

I I CVNTENT NTENT5 1 v¥ contents SECTION ONE | INTRODUCTION Introdu¢ii¢ntoTrLStees' Annual Pe¥¢rt 04 efererKeorO0d￿￿￿lsrrthtye derall5￿t￿¢hQrl¢y. IrsTrusteesand¢dv15ers SECTION TWO | ANNUAL FIEpofiT Ove￿e￿ OJJ Natlond MarinEBldo9i￿l LibriJry Wd¢ome Fa¢ilities Aboutus QÈsèar¢h Hlghlights Membershlp Marlne Mlcroblome Leornwithus Coastal Ecolog¥ PuNications Ocoan810109y Pohcy LookingAtteud Duto Inf¢rmotlo O¢notlons SECTION THfiEE | FINANCIAL FIEVIEW Struthre.9ovemunEearhdmana9Ement Statemèntof trustees. reso¢nsibllltles Ind¥endeTrtouditors' reg¢rt ¢nthefinon¢ial starements Statemontof financialactiwries Balanc8 Sheet 5tatementof cashflows Notest¢ thelnuncial statements

section two annual report

section three financial review

		Note	Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	2023
			3		3	3
Donations and legsacs			3,202	2,751,500		2,75/,702
Chantable act vities			3,116,203	2 /76 940		5,595,143
Other trading actmties		5	122,829			122,829
Investment income		6	394,447	57,780	6,982	459,209
Total income			3,656,($1	5,2$$,220	(,9$2	$,931,$$3
Raising funds			(31,903)			(31,903)
Chantable act vities		7	(3,255,915)	(3,558,585)		N,812,298)
Total expenditure			(3,1$5,816)	(3,558,385)		(Ii,$44,201)
Gains/losses on investment	assets		(547,835)	(80,649l	(9,744)	(638,228)
Net (expenditure)/income			(196,970)	1,649,186	(2,762)	1/49,454
Transfers between funds			216/56	(216,456)
Net movement in funds			19,486	1,432,730	(2,762)	1,449,C54
Total funds brought forward			16,401,935	4,541,394	174,311	21,218,650
Total funds carried forward		26	16,422,421	5,974,124	271,559	22,668,104

		Note	Unrestricted	Restricted	Ehdowmerit	Total
			funtls	funds	fuhds	2022
			3	3	E	E
Donations and legaaes			11,677	8,541		20,218
Chontoble activities			2,720,676	1,664,265		4,384,939
Other trading activities			50,750			50,750
Investment income			629,346			629,346
Totalincome			5,412,449	1,672,$04		5,0$5,253
Rais ng funds			(28,984)			(28,98C)
Chontoble activities		7	(2,733,590)	(3,094,919)		(5,828,509)
Other expenditure		8	(158,307)			(158,307)
Tote(expenditure			(2,920,$81)	(3,094,919)		(6,015,800)
Gains/losses on investment	assets		842,042	123,729	15,381	979,152
Net income/(expenditure)			1,333,610	(1,298,386)	13,381	48,605
Transfers between funds			(1,050,973)	1,050,973
Gains/(losses) on eve)aston offixed assets			38,810			38,810
Net movement i funds			521/47	(247,413)	15,381	67,/15
Total funds brought forward			16,0S1,4SS	4,7S8,S07	260,940	21,131,235
Total funds carried forward		26	16,402,955	4,541,394	274,321	11,11$,(50

		Note	2023	2022
			E	E
Tangible assets		15	5,453,754	2,595,551
He ntage assets		16	1,315,475	1,315,475
Investments		17	14990/50	17,088,698
			21,759,679	20,999,724
stocks		18	179,507	79,044
Debtors		19	I/03,743	1,023,818
Cash at bank and in hand			1,689,236	2,315,965
			5,272,4$6	3,41$,$27
Creditors Amounts	falling due within one year	20	(1,917,152)	(2/ 94,315)
Net current assets			1,355,334	924,512
Total assets less current liabilities			23,115,013	21,924,234
Creditors Amounts	falling due after more than one year	21	(446,909)	(705,586)
Net assets			22,668,104	21,218,650
Endowment funds			271,559	27/,321
Restncted funds			5,97412/,	4,541,394
Unrestncted funds			16,422,421	16,402,935
Total funrl ~		26	22,44$,104	21,21$,450

							Note	2023	2022
								E	5
Net income								1,449,454	87,415
Depredation								528,053	335,276
Investment income								(/59,209)	(629,346)
Loss on disposal off xed assets					held for the Chanty's	own use	10		158,307
Noir value odlustment									(58,810)
Gain on investments								638,228	(979,152)
								2,156,526	(1,066,310)
Increase in stocks								(100,463)	(15,334)
increase)/decrease	in	debtors					19	(379,925)	612,466
(Decrease)finc ease	in	credito		s			20	(855,840)	28,273
Net cash flows from	operating			activities				840,298	(440,905)
Interest receivable and		aim	lar	income				/ 59,209	629,3/6
Purchase oftangible	fixed assets						15	(3,386,256)	(5/1,058)
Purchase ofinvestments							17	(1,442,980)	(467,063)
Sale of investments								2,905,000	995,000
Net cash flows from	investing			activities				(I/67027)	616,225
Net (decrease)/increase		in cash			and cash equivalents			(626,729)	175,320
Cash and cash equivalents			at	I Apnl				2,315,965	2,1/ 0,6/ 5
Cash and cash eauivalents			at 31March					1,6$9,236	2,315,965

		Un est cted funds	Restricted	Toto l	Toto l
		General	funds	2023	2022
		6	E	E	E
Dungeons		3,202	1,001,500	1,004,702	17,202
Government	grants				3,016
Grants from	other ch antics		1,750,000	1,750,000
		3,202	2,751,500	2,754,702	20,218

		Unrestricted funds	Total	Total
		Generol 6	fundsf	2022
Membership	subscnptions	122,829	122,829	50,750
		122,829	122,$29	50,750

Unrestncted	Restncted	Endowment	Total	Total
funds General	fuhds 8	funds Expendable	2023f	2022 6
E		8
1,935			1,935	117
392,512	57,780	6,982	I57,274	629,229
394,447	57,780	6,982	439,209	629,544

		Unrestricted funds	Restdcted	Total	Total
		General	fundsf	2025 6	2022 6
Research actwities		2,280,619	2 47891,0	4,759,559	3,637,347
Other knowledge	exchange activities	518,035		518,035	530,570
Courses and workshops		4,293		4,293	20,126
Journa15		313,256		313,256	196,896
		3,116,203	2,47$,940	5,595,143	4,3$4,939

			Note	un estncted	Restrcted	Total	Total
				funds	funds	2023	2022
				General	5	E	E
				4
Research activities				503,053	3,176,833	3,679,886	3,283,102
othe	knowledge	exchange octiviaes		455,887		/,53887	628,565
Courses ahd wo/ksho ps				64,171		64,171	26,347
J6Unl	O15			25,740		25,740	12,90I
Allocated support		costs	9	21/,2432	381,552	2 52398I,	I 81/,980
Governance costs			9	64,630		6/,630	62,813
Total	income			3,253,913	3,558,385	6,812,298	5,$28,509
				OCher
				knowledge
			Research	exchange	COUISES Clhd
			activities	activities	wo/kshops	Jouniois	Total
5(off	cos(5		1,889,749	255,0/I	57,123	25,725	2,207,658
Other	dl/ect costs		1,262,084	218,846	70I 8	15	1487993
Oepreaation			528,053				528,053
			3,679,SSS	453,SS7	64,171	2S,740	4,225,dS4

					Total	Total
					2023	2022
					E	E
Loss	on	disposal	offixed	assets		158,307
						158,307

			Unrestnctedfunds	Restricted	Total	Total
			General	funds	2023	2022
			5	E	5	5
Rent and rates			275,713		275,713	158,248
Repairs and mointe		nance	108,926		108,926	65,146
IT&0515			186,360		186,360	96,403
Travel and staff costs			20,882		20,882	8,55/
Offic costs			280,781		280,781	178,935
IhsU/OhCE						31,192
Legal and professional			30,355		30,355	18,672
Subscnptions	and	grant costs	52,713		52,713	52,469
Bahk charges			15,603		15,603	21,787
Irrecoverable	VAT		68,958	381,552	450,510	107,792
pension interest			25,559		25,559	17,120
gruf costs			1,058,500		1,058,500	994,100
Exchange rate vanances			(26,554l		(26,554)	66,562
Support costs	—Govemonce		64,630		64630	62,813
			2,107,042	3$1,552	1,5$8,614	1,$77,793
				Support costs	Governance costs	Total
5(off cosL'5				1,058,500	38,648	1,097,148
other d rect costs				I,/65,484	25,982	1491,466
				2,523,9$4	4d,li30	1,5$8,614

		Unrestricted	funds	Total	Total
		General		2023	2022
			E	3	E
Wages and salanes			38,6/8	38,648	52,463
Aude ofthe finanaal	statements		8,885	8,885	7,350
Other fees paid to auditors			3,000	3,000	3,000
Other governance costs			14,097	14,097
			64,63O	64,(30	62,813

10 NET INC	10 NET INC	OMING/OUTG	OING RE	SOURCES
Net incoming/(outgoing)		resources forthe year include
				2023	2022
				E	E
Audit fees				8,885	7,350
Other non-audit	services			3,000	3,000
Loss on disposal	offixed	assets held for the Chanty's	own use		158,307
Depreaation of	fixed assets			528,053	335,276

	2023	2022
	E	E
Wages and salanes	3,021,661	2,786,663
Social securlt'/ costs	266,726	212,329
Pens on costs	I3,689	518,723
	3,332,076	3,517,715

	2023	2022
	No	No
E60,001 —E70,000
E70,001 —E80,000
E80,001 —E90,000
E100,001 —E110,000
E110,001 —E120,000

			2023	2022
			4	4
Audit ofthe	finanaal statements		8,885	7,350
Prepolotloh	ofstotutoh/	occouhts	3,000	3,000

	Long-term	Plaht ahd	Research and	Research	Total
	leasehold	machinery	laboratory	vessel	8
	property	E	eau pment	E
	E		E
At I Apnl 2022	1,72!!,804	273,329	1,964,749	371,285	4,338,167
Addtons	2,926,626	91,816	363,775	4,041	3,386,256
At 31March 2023	4,655,430	365,145	2,328,522	375,326	7724,423
At I Apnl 2022	264,455	148,874	1,166,919	162,568	1,7/2, 616
Charge for the year	175,648	8/,150	246,959	21,296	528,053
At 31March 2023	440,103	233,024	1,413,878	183,664	2,270,669
At 31March 2023	4,215,327	132,121	91/,6/ /	191,662	5,453,754
At 31March 2022	1,464,349	124,455	797,830	208,917	2,595,551

		He itage assets
		4
At	I Apnl 2022	1,315,/ 75
At	31March 2023	1,315,475
At	51 March 2025
At	51 March 2025	1,315,475

	I.sted	vest ents
		4
At 1 Apnl 2022		17,088,698
Revaluation		(638,228)
Add tions		1,442,980
Dlsposals		(2,903,000)
At 31March 2025		1/,990450
At 51 March 2023		14,990450
At 31March 2022		17,088,698

		2023	2022
		3	3
Trade creditors		540,785	202,27/
Due to group undertakings			13,597
Other toxation ond soaal secunty		95,905	105,958
Other creditors		17,991	26,380
Accrue(a and deferred	income	1,/6/, /71	2,148,306
		1,917,152	2,494,315

	2023	2022
	4	4
5(ocks	179,507	79,044

		2023	2022
		3	3
Other	creditors	//6, 909	705,586

	2023	2022
	4	4
Trade debto s	7/7,266	554,269
Prepayments	23,5/7	107621
Accrued income	604,000	349,918
Otherdebtors	28,930	12,010
	1,403,743	1,023,$1$

		Balance at I 4prg 2O12	Incoming resources	Resources expended	Transfers	E	Other recognised gains/(lossesl	Be(shee at 31 March 2023
		f.	f.	f.			E	E
56Uthword	&Todcl (Un	167,062	4,252				(5,934)	165,380
&pooner Bequest		107,259	2,730				(3,810)	106,179
Total funds		21,218,650	$,931,$$3	(6,844,201)			(63$,228)	22,668,104

			Balance at I	Incoming	Resources	Transfers	Other recognised	Balance at 31
			April 2021	resources	expended	E	gains/(losses)	March 2022
			E	E	E		5	5
General
General	reserve		1,129,437	3,412//9	(2,628,036)	(1,050,973)	132,817	995,89I
Pension	liability		(506,500)		(251,912)			(738,412)
			623,137	3,411,449	(1,859,948)	(1,050,973)	132,$17	257,4$2
Des/gnated
Investmentreserve			408,521					408,521
Hentoge	ossets ress ve		1,266,665				38,810	1,305,l75
Designated premises fund			11,019,395				567731	11,587,126
Anne Warner Fellows Fund			2,763,770		(60,935)		141/94	2,844,331
			15,458,351		(60,933)		748,035	16,145,453
Total unrestricted		funds	16,081,488	3,412,449	(2,920,SSI)	(1,050,973)	$$0,852	16,402,935

		Boi ance ot 1	Intern ng	peso rces	Transfers	Other recogn sed	Bo ion caotst
		April 2021 E	resources 5	expended E	5	gains/(losses) 5	March 2022f
Glahts ahd Research			989,954	(1,045,927)	55,973
EU Programme	Awards	11,364	682,710	(694,074)
Browne Bequest		38,540				1,966	40,306
Browne & Bull Library		200,841				10,299	2H,140
Mon/ Parka Bursary		3,048					3,048
Morely Heals Fund		1,007					1,007
Seawater Hall & Resource Centre		312,219					512,219
Capital Grants		665,646	140	(413,755)			252,031
Capita)				(253,162)	495,000		241,858
SAHFOS		2,132,926				111,464	2,244,390
IhflastlUCL'Ule				(318,291)	500,000		181,709
iCPR		1,423/16		(369,710)			1,053,706
Tote(restricted	funds	4,7SS,S07	1,672,S04	(5,094,919)	1,0S0,975	125,729	4,541,394
Southward &Todd fund		158,915				s,1l9	167,062
&pooner Bequest		102,027				5,232	107,259
		260,9/0				13,381	274,321
Total fuhds		21,131,235	5,0$5,255	(6,015,$00)		1,017,961	11,11$,(50

Grants and Research	Grants and Research	The Research Programme combined funds awarded forspeafic research prolects	The Research Programme combined funds awarded forspeafic research prolects
		that cannot be used for other purposes
		Research Programme funds are now shown as fogoww
Eu Programme awards		These funds are prolects supported through the Interreg Horizon
		2020 programmes Funding awarded covers only a proportion ofthe
		full prolect costs and transfers from unrestncted reserves
Browne Bequesti		These funds are for the purchase ofapparatus and the
		publication ofbooks on Bntish Manne Fauna
Browne and Bull Library Fund:		Combines specmc legaaes forthe "purchase ofrare orvaluable
		books as need oroccasion ar ses" for the MBA's library
Mary Parks Bursary Fuhd		To provide bursar es for phys ological students atthe MBA
Morley Heale Fund:		To provide soaalfaalitiesto the staff members ofthe MBA
Seawater	Hall and Resource Centre	Infrastructure grants forthe Resource Centre and Seawater Hall are held
		as restncted funds with a proportion ofthe depreaation forthese assets
		being charged tothe respective fund each year, calculated as the amount
		that the capital grant bears tothe total cost ofthe asset funded
Capital grant:		This isa grant for capital equipment purchased
Capltah		This represents capital items still held by the charity, relating to restncted funds
SAHFGS:		This represents the amount transferred from the SirAlister Hardy Foundation	for
		Ocean Saence As part ofthe terms and conditions oftransfer, the balance	isto be
		restncted to expenditure relating to the Continuous Plankton Recorder Survey
Infrastructure:		These funds are for the refurbishment and redevelopment prolect
		ofthe new Mar ne Microbiome Centre ofExcellence
iCPR		These funds are to be used for the iCPR prolect with intends to enhance
		the capabilities ofthe Continuous Plankton Recorder Survey by creating a
		system to integrote about the oceans and new computat onal techniques
BIIon Morton Fund		This fund relates to0donation from Professor Bran Morton on his death, forthe
		purpose offostenng co-operation inthe broad field ofmanne biological research by
		young (up tothe age ofSoi,eorly career, Bnbsh, Hong Kong and Azorean atizens

		Unrestricted	Restricted	Endowment	Total funds ot 31
		funds	funds	funds	March 2025
		General	5	E	E
		4
Tangible	fixed assets	2,629,899	2,823,655		5/53,754
Hentage	assets	1,315,475			1,315,475
Fixed asset investments		11,28/,81/	3//76/5	257991	I/,990,450
Current	assets	2,266,091	992,827	13,568	3,272/86
Current	liabilities	(626,949)	(1,290,203)		(1,917,152)
Creditors over Iyear		(//6 909)			(446,909)
Totai net assets		16,/12,411	5,974,124	271,559	21,66$,104
		Unrestricted	Restricted	Endowment	Toto(funds ot'31
		funds	funds	funds	Morch 2022
		General		5	5
		4
Tangible	fixed assets	1,607754	987,797		2,595,551
Hentage	assets	1,315,/75			1,315,475
Fixed asset investments		14,318,541	2,495,836	274,321	17088698
Current	assets	250,760	3,166,067		3/18,627
Current	liabilities	(364,009)	(2,130,306)		(2,494,315)
Creditors over Iyear		(705,586)			(705,586)
Totai net assets		16,402,935	4,541,394	274,321	11,11$,(50

	At 1April	Financing	At 31March
	2022	cash flows	2023
	5	E	E
Cos)i ot' bank 0nd in Iiond	2,315,965	(626,729)	1,689,236
Netfunds	2,515,965	(626,729)	1,(89256

The Morine Biological Association The Loborotory, Citodel Hill p￿MOUth, Devon PL12PB.UK [phone] [e-mail] uk mbo.oc.uk