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2020-12-31-accounts

Charity Registration No. 1160484

Company Registration No. 08603082 (England and Wales)

WORLD CETACEAN ALLIANCE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

WORLD CETACEAN ALLIANCE

LEGAL AND ADMINISTRATIVE INFORMATION

Honorary President Mr Jean-Michel Cousteau
Trustees Roger Mann
Suzanne Rogers
Ian Lewis (Appointed 7 January 2020)
Secretary Roger Mann
Charity number 1160484
Company number 08603082
Registered office 132-134 Albion Street
Southwick
Brighton
BN42 4DP
Independent examiner Frances Wilde FCCA DChA
Warner Wilde
Chartered Certified Accountants
4 Marigold Drive
Bisley
Surrey
GU24 9SF
Bankers HSBC - Brighton
153 North Street
Brighton
East Sussex
BN1 1SW

WORLD CETACEAN ALLIANCE

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 16

WORLD CETACEAN ALLIANCE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report and financial statements for the year ended 31 December 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Principal activity

The principal activity of the charity in the year under review was that of conserving and protecting cetaceans and their habitats.

Objects

The charity's objects as set out in the Articles of Association are :

WCA's Vision

A World where cetaceans are only found in the wild, are respected and fully protected, and live in sustainable habitats and in harmony with people everywhere.

WCA's Mission

Through cooperation, the Partners of the World Cetacean Alliance aim to conserve and protect cetaceans and their habitats. By phasing out captivity and seeking to protect cetaceans in the world’s oceans, seas and rivers, we are a global community of people who care for cetaceans, study and respect them.

WCA's Values

WORLD CETACEAN ALLIANCE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

WCA's Strategic Goals

Public Benefit statement

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The year provide us with plenty of challenges as the world went into pandemic lockdown. A lot of our partners were struggling so we introduced a membership fee moratorium, for several months. However despite the challenges, WCA was able to maintain its work and continue to develop and grow its principal projects.

The local Brighton project received a number of local grants and we were able to expand the volunteer team helping to deliver its objectives.

The Whale Heritage Site project with the introduction of a full time project manager was able to continue in strength with 3 more locations coming on board. We hope in the next few years this will be a bench mark project that brings communities and the protection of local cetaceans together providing a benefit to all. The World Animal Protection (WAP) grant was instrumental in helping this project continue.

The start of the year saw the increased development and implementation of our whale watching certification, encouraging our whale watching partners to self-audit against our whale watching guidelines. In the first few months there was a constant review and fine tuning of the project, particularly in regard to moving to a different fee paying scheme in line with the certification role out. As the year progressed we were able to bring clarity as more and more partners certified under the auditing scheme, demonstrating a success in the project.

Last year’s partner survey highlighted the importance of education as one of the key missions for WCA. A new project sponsored by Noble Caledonia saw the development of an online course looking at ship strikes. We plan to bring more courses online that will help spread awareness and knowledge about the marine issues we try to resolve, as well as becoming another valuable income source towards ever more effective projects.

At the end of the year, Dylan Walker announced his wish to step down as CEO for WCA. Dylan has been CEO since the beginning and we simply would not be where we are today if it was for his dedication. Dylan will be staying with WCA but focussing on more project level work. We started looking for a replacement in earnest that will continue to drive WCA forward.

WORLD CETACEAN ALLIANCE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

(CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

WCA continues to operate with a small but dedicate staff team. We welcomed Steff Eaton as a part time office manager but having seen what she brought to the team upgrade her role to operation manager looking after the administration and day-to-day management of the organization, allowing Sophie to dedicate more of her time to project development.

In many ways 2020 was a year of external challenges and internal change and revaluation. For the first time in a couple of years we have manged to finish the year with a reserve surplus and are therefore in a strong position for continued growth and development.

Financial review

Financially, WCA is still operating with limited resources so is unable to carry out all the projects it hoped for. Our main source of income is from grants and income generation projects like the certification programmes.

At the end of the year the charity's unrestricted reserves stood at £12,403 (2019: £6,552 deficit). The charity is supported by it's creditors.

Reserves

Ideally, the charity would maintain unrestricted reserves at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. However, the charity is still a fledgling charity and has not yet been able to build any reserves.

Risks

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year were: Roger Mann Suzanne Rogers Ian Lewis (Appointed 7 January 2020)

The Board of Trustees appoint new trustees, seeking opinion and advice from the CEO and internal global council which is an elected representation of our membership.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

The trustees' report was approved by the Board of Trustees.

..............................

Roger Mann Trustee Dated: 27[th] September 2021

WORLD CETACEAN ALLIANCE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WORLD CEfACEAN ALLIANCE I report to the trustee5 on my ax￿InatiOn of the finwK4al Btatem•nts of Workl Cetacean Alliance Ilhe charity) for tho year fjnd•d 31 December 2020. R•8ponslbllltl•• and b4$1$ of rnport As the trustees of the chwlty (and also Its dlre¢tors for tho pur[￿$ of iJ)mpany lawl you are rgsponsible for the preparatlon of the financlai statements in accordance with tho requirarnnts of th8 Compani85 Act 2006 (the 2006 Act}. Ha￿ng 88118ffled my8df Ih8t th8 tknandal 8tstsNwbt8 of the tgrlty arg not r8qulr&J to b8 audlted und•r Part 16 of th9 2006 Act and are ellglble for Independont axamination, I rewt In respèct of my examination of the charitys finanual statsments ¢arried out under section 145 of th¢ Charities Act 2011 (the 2011 Act). In Cerying out my examination I have followed all Ihg applicab￿ Direcllon8 glvon by the Charfty Commisslon under 88cllon 145(5Xb) ol the 2011 Ind•p•nd•nt •xamln•¢ •tatsm•nt I hovg completed my examination. l ¢onfim that no matters have come to my attenuon In rnnn8Ctk￿ vAth the examination glving me causo to believe that in any malerlal iespgcL accounting record8 w•r• not kopt In resp&t ol th8 chrlty 88 requlr•d by 386 of ts 2006 Act, or Ihè flnandal statsments do Th)t acywd wllh thosè record8; or the flnanrAal statements do not compty with the arLountiryJ requlremenls of wcbon 396 of the 2006 Act othor th8n any requirement that the accounts gfve a true and fair view vthlch 18 not a matter con8idarod a8 part of an Indap8nd8nl oxamlnatlon.. or the finanrAal slaternents have not be￿ prepored In accordance wlh the m&thods and prfnclpl8s of the Slalemenl of Re¢omm8nd8d Practice for accounthig and repor￿n9 by tharttl8s applicable to charities prgparfng Iholr accounts In acco￿r￿1 wlih tho Flnand81 RgF¥yOng Standard appllcable In the UK 8nd Republic of Ireland IFRS 102). h8ve no concoms and have ￿rne ac¥oss no Ol￿r matter8 In connodon with th8 examination to whlch attention should be draym in this report in order tt) enable a proper understanding of the ffinanaal statements to k reached. Franc88 Wlldè FCCA DCtLA Wamer Wild8 Chartered Certmed A￿o￿ntants 4 Marigold Drivo 8Ssley Surrey GU24 9SF

WORLD CETACEAN ALLIANCE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
Restricted
funds
funds
2020
2020
Notes
£
£
Income from:
Donations and legacies
3
79,206
64,778
Charitable activities
4
14,991
-
Other trading activities
5
-
-
Investments
6
1
-
Total income
94,198
64,778
Expenditure on:
Raising funds
7
120
-
Charitable activities
8
76,450
38,773
Total resources
expended
76,570
38,773
Net income for the year/
Net movement in funds
17,628
26,005
Fund balances at 1
January 2020
(6,552)
-
Fund balances at 31
December 2020
11,076
26,005
TotalUnrestricted
Restricted
funds
funds
2020
2019
2019
£
£
£
143,984
70,490
34,760
14,991
19,843
-
-
318
-
1
1
-
158,976
90,652
34,760
120
1,812
-
115,223
84,875
34,760
115,343
86,687
34,760
43,633
3,965
-
(6,552)
(10,517)
-
37,081
(6,552)
-
Total
2019
£
105,250
19,843
318
1
125,412
1,812
119,635
121,447
3,965
(10,517)
(6,552)

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

WORLD CETACEAN ALLIANCE

BALANCE SHEET

AS AT 31 DECEMBER 2020

2020
Notes
£
Fixed assets
13
Tangible assets
Current assets
14
Debtors
9,468
Cash at bank and in hand
48,197
Creditors: amounts falling due within
57,665
15
one year
(20,757)
Net current assets/(liabilities)
Total assets less current liabilities
Income funds
17
Restricted funds
Unrestricted funds - general
2019
£
£
173
2,336
5,663
7,999
(14,551)
36,908
37,081
26,005
11,076
37,081
£
-
(6,552)
(6,552)
-
(6,552)
(6,552)

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2020.

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 27[th] September 2021

.............................. Roger Mann Trustee

Company Registration No. 08603082

WORLD CETACEAN ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Charity information

World Cetacean Alliance is a private company limited by guarantee incorporated in England and Wales. The registered office is 132-134 Albion Street, Southwick, Brighton, BN42 4DP.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

These financial statements are prepared on the going concern basis. The trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future,

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Income is deferred and shown as a creditor in the accounts t o the extent that the invoiced amount relates to future accounting periods.

WORLD CETACEAN ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers

3 years Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less .

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at the recoverable amount.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price .

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at the settlement amount.

WORLD CETACEAN ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
general
2020
2020
£
£
Donations and gifts
21,292
12,500
Grants receivable
49,225
52,278
Membership fees
8,689
-
79,206
64,778
TotalUnrestricted
Restricted
funds
funds
general
2020
2019
2019
£
£
£
33,792
33,685
-
101,503
13,600
34,760
8,689
23,205
-
143,984
70,490
34,760
Total
2019
£
33,685
48,360
23,205
105,250

WORLD CETACEAN ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

3
Donations and legacies
Grants receivable for
core activities
Breakaway Travel
Chalk Cliff Trust
Noble Caledonia
World Animal Protection
(WAP)
The Sussex Community
Foundation
Enjoolata
Sea Changers
Brighton & Hove Council
Job Retention scheme
4
Charitable activities
Ancillary trading income
Other income
5
Other trading activities
Shop income
-
-
-
-
5,000
-
-
11,663
32,562
49,225
4,278
-
-
38,000
-
10,000
-
-
-
52,278
4,278
-
-
38,000
5,000
10,000
-
11,663
32,562
101,503
-
3,000
-
-
10,000
-
600
-
-
13,600
(Continued)
12,760
12,760
-
3,000
12,000
12,000
10,000
10,000
-
10,000
-
-
-
600
-
-
-
-
34,760
48,360
2020
2019
£
£
11,165
19,843
3,826
-
14,991
19,843
TotalUnrestricted
funds
general
2020
2019
£
£
-
318

WORLD CETACEAN ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

6 Investments

Unrestricted Unrestricted
funds funds
general general
2020 2019
£ £
Interest receivable 1 1
Raising funds
Unrestricted Unrestricted
funds funds
general general
2020 2019
£ £
Fundraising and publicity
Advertising 120 1,512
Trading costs
Shop purchases (net of stock in hand) - 300
120 1,812

7 Raising funds

WORLD CETACEAN ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

8 Charitable activities

Staff costs
Depreciation and impairment
Project, conference and course costs
Insurance
Subscriptions
Motor, travel and subsistence
Telephone
Utilities
Other staff costs
Entertainment
Grant funding of activities (see note 9)
Share of support costs (see note 10)
Share of governance costs (see note 10)
Analysis by fund
Unrestricted funds - general
Restricted funds
2020
£
86,307
87
12,954
242
3,132
156
1,310
104
424
143
104,859
-
7,415
2,949
115,223
76,450
38,773
115,223
2019
£
61,696
-
20,443
1,315
1,922
8,273
1,439
-
3,326
359
98,773
513
14,903
5,446
119,635
84,875
34,760
119,635

9 Grants payable

2019
£
Grants to institutions:
Other 513

WORLD CETACEAN ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

10
Support costs
Support
costs
Governance
costs
£
£
Operating lease charges
4,874
-
Post and stationery
-
-
Repairs and
maintenance
-
-
Computer and website
expenses
1,928
-
Su ndries
24
-
Office supplies
217
-
Rates
78
-
Staff training
294
-
Independent Examiner
fee
-
1,224
Accountancy
-
666
Bank and paypal
charges
-
684
Late filing penalty
-
375
7,415
2,949
Analysed between
Charitable activities
7,415
2,949
2020
Support
costs
Governance
costs
£
£
£
4,874
6,000
-
-
11
-
-
323
-
1,928
2,936
-
24
4,476
-
217
635
-
78
522
-
294
-
-
1,224
-
1,200
666
-
232
684
-
4,014
375
-
-
10,364
14,903
5,446
10,364
14,903
5,446
2019
£
6,000
11
323
2,936
4,476
635
522
-
1,200
232
4,014
-
20,349
20,349

Governance costs includes Independent Examination fees of £ 1,224 (2019- £ 1,200 ) .

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

WORLD CETACEAN ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

12 Employees

Number of employees

The average monthly number of employees during the year was:

2020 2019
Number Number
3 2
Employment costs 2020 2019
£ £
Wages and salaries 78,101 56,818
Social security costs 3,208 3,341
Other pension costs 4,998 1,537
86,307 61,696

There were no employees whose annual remuneration was £60,000 or more.

13 Tangible fixed assets

Cost
Additions
At 31 December 2020
Depreciation and impairment
Depreciation charged in the year
At 31 December 2020
Carrying amount
At 31 December 2020
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
Computers
£
260
260
87
87
173
2020
2019
£
£
9,071
2,071
397
265
9,468
2,336

14 Debtors

WORLD CETACEAN ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

15 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
16
Other creditors
Accruals
Deferred income
Other deferred income
2020
£
5,124
3,741
8,067
3,825
20,757
2020
£
3,741
2019
£
1,416
8,144
2,300
2,691
14,551
2019
£
8,144

16 Deferred income

17 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement Movement in funds Movement in funds
in funds
Incoming
Balance at
Incoming Resources Balance at
resources
1 January 2020
resources expended 31 December
2020
£
£
£ £ £
Breakaway Travel -
-
4,278 - 4,278
World Animal Protection (WAP) -
-
38,000 (26,273)
11,727
Enjoolate -
-
10,000 - 10,000
Sankalpa -
-
12,500 (12,500)
-
-
-
64,778 (38,773)
26,005

WORLD CETACEAN ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

18
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2020
2020
£
£
Fund balances at 31
December 2020 are
represented by:
Tangible assets
173
-
Current assets/
(liabilities)
10,903
26,005
11,076
26,005
TotalUnrestricted
funds
Restricted
funds
2020
2019
2019
£
£
£
173
-
-
36,908
(41,312)
34,760
37,081
(41,312)
34,760
Total
2019
£
-
(6,552)
(6,552)

19 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows:

2020 2019
£ £
Aggregate compensation 40,268 37,450