Charity registration number 1160484 {England and Wales) Company registration number 08603082 WORLD CETACEAN ALLIANCE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
WORLD CETACEAN ALLIANCE LEGAL AND ADMINISTRATIVE INFORMATION Honorary President Mr Jean-michel Cousteau Trustees Roger Mann Suzanne Rogers lan Lewis Titia Sjenitzer Jonathan Cutts Alexandra Broekema (Appointed 20 January 2024) Secretary Roger Mann Charity number 1160484 Company number 08603082 Registered office Unit D, 132-134 Albion Street Southwick Brighton BN42 4DP Independent examiner Linda Dunford FCCA CTA Wamer Wilde Limited 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 Independent examiner's report statement of financial activities Balance sheet Notes to the financial statements 8-18
WORLD CETACEAN ALLIANCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial statements for the year ended 31 December 2024. 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 IFRS 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: To promote, by means that are exclusively charitable and for public benefit, the conservation and protection of celaceans {dolphins, whales and porpoises) by actively assisting in the development of community projects to alleviate injury, sickness. ill-treatment, neglect or threat to animals and their environment. To advance public education, in particular by providing educational and research programmes that raise public awareness both nationally and internationally. of the problems and solutions facing cetaceans and their natural environment including but not limited to natural habitat degradation, welfare concerns. and wildlife loss. WCA'S Wision A world where cetaceans are free, where oceans thrive. and where communities care. WCA'S Mission To protect cetaceans and their habitats through global collaboration. WCA'S Values To ensure that all our decisions and actions are guided by sound science, animal welfare and conservation principles and that the welfare of cetaceans is paramount. To ensure that all our policies and praCtiS are founded on the highest ethical principles. To work in partnership and ensure that all our interactions with partners are fair, ethical. respectful and considered. To ensure that our values are never compromised in the pursuit of our objectives. To hold ourselves accountable for everything we do and every decision we make. WCA'S Strategic Goals To be leaders in cetacean welfare and (x)nservation and partner with any organisation, institution or govemment that is seeking positive change. To develop and deliver powerful and effecb've campaigns. projects and advocacy for cetaceans and their habitats around the world. To empower local people, communities, organisations to influence policies, attitudes and behaviours that will protect cetaceans and their habitats. To foster collaboration and build capacity throughout our partnership and beyond. To create an environment where all cetaceans are able to live free from cruelty, exploitation and suffering, with no need to be rescued from captivity. To promote and inspire a sense of awe, connection and respect for cetaceans and their ocean habitsts. To transform our society to one where the importance of cetaceans and their habitats is ingrained. Public Benefit statement The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Gharity should undertake.
WORLD CETACEAN ALLIANCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance The Trustees. Staff. Partners and supporters continued to pursue the WCA'S vision and values with the aim of protecting cetaanS and their environment around the globe. For the WCA, 2024 was another year of further focus on its key objectives. The overall strategies remained largely in place and the WCA continued to move forward expanding its work and continuing to develop and deliver its principal objectives and projects. These will again continue to evolve although the vision, mission, values and objectives of the WCA remain vital, reflecting fundamental areas of concern including climate change, habitat degradation and cetacean populations. As reported last year, the WCA did see some important personnel changes. Harry Eckman. our CEO since 2021. tendered his resignation. Harry continued to diligently work his notice before leaving in February 2024. Following the appointment of Sophie Lewis as Interim CEO, the Board would like to acknowledge her dedication in successfully managing and driving the WCA during the year. The Trustees are again pleased to acknowledge its appreciation for all the hard work during the year from the whole WCA Team. Projects The Whale Heritage Site programme continued to be a flagship project with further candidates for potential new sites being considered during the year. The year saw growth in the total number of designated sites to 11 with other sites in the pipeline. Once again it is hoped that in years to come this will remain a benchmark project bringing communities and the protection of local cetaceans together for the benefit of all. The World Animal Protection (WAP) grant remains instrumental in helping this project continue. Planned changes to the Partner and certification scheme continued to be implemented by transitioning to a new 'Approved' scheme. Significant progress was made introducing the programme which should provide clarity and transparent benefits to the WCA Partners. The Importan of education continues to remain as one of the key missions for the WCA. The development and expansion of online courses, including the prevention of whale ship strikes, continued in 2024 with further online courses and collaborations developed. This will help to continue spreading awareness and knowledge about the marine issues the WCA endeavours to influence, as well as becoming a valuable source of regular income. Other projects and collaborations developed including with Waterhaul. This saw the WCA working closely with Waterhaul to produce limited edition sunglasses. These were made from traceable plastic fishing nets recovered directly from entangled whales. Further Partner engagement continued during the year and was well received. This included launching the new "Circle" platform for Partners and supporters. Further bulletins. webinars, personal meetings and the new look newsletter continued to build engagement, along with improvements to the WCA'S social media profile.
WORLD CETACEAN ALLIANCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review Although the WCA continued to operate within limited resources across the year, the WCA remained stable. At year- end it saw total income of £91.433 (2023 £147.885). Total expenditure reduced to £103.627 (2023 £147.294). The year-end total funds stood at -£9,409 (2023 £2,821). As commented upon in previous reports, the Trustees continue to remain aware of the WCA'S funding and cashflow structure and Ihe associated risks. This is also reflected in the year end deficit of £9,409 in unrestricted funds (2023.. -£9,573). The trustees have prepared a detailed budget to 31 December 2026 which indicates a return to a positive reserves position. They are closely monitoring this and cashflow so action can be taken on a timely basis, if necessary. Based on this, the trustees believe it is appropriate to use the going conrn basis for preparing the financial statements. The WCA continues to remain dependent on a small number of large financial contributors. Over time Ihe WCA is giving priority not only to growing, but also diversifying its income streams over broader and sustainable sources to mitigate the associated financial risks. Reserves The charity currently has negative reserves of £9,409. This has arisen due to unexpected expenditure during the year resulting in both a prior year and a current year adjustment. The charity has prepared detailed projections to 31 December 2026 which indicate a retum to a positive reserves position. This includes a plan to bring Whale Watching partners in through the World Cetacean Alliance approved prOsS which should generate additional income. Ideally, the charity would maintain unrestricted reserves at a level equivalent to beeen three and six month's expenditure. The trustees consider that reserves at Ihis 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 (x)nsideration is given to ways in which additional funds may be raised. 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 Seed during the year were.. Roger Mann Suzanne Rogers lan Lewis Titia Sjenitzer Jonathan Cutts Alexandra Broekema (Appointed 20 January 2024) The Board of Trustees appoint new trustees, seeking opinion and advice from the CEO and intemal 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.
WORLD CETACEAN ALLIANCE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees, report was approved by the Board of Trustees. Roger Mann Trustee 13 October 2025 Date:.............................................
WORLD CETACEAN ALLIANCE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WORLD CETACEAN ALLIANCE I report to the trustees on my examination of the financial statements of World Cetacean Alliance (the charity) for the year ended 31 December 2024. Responsibilities and basis of report As the trustees of the charity (and also its directors for the purposes of company law}. you are responsible for the preparation of the financial ststements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination. I repori in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records" or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charilies preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no cOnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Linda Dunford FCCA CTA Warner Wilde Limited Chartered Certified Accountants 4 Marigold Drive Bisley Surrey GU24 9SF 17110125
WORLD CETACEAN ALLIANCE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities Investments Other income 11,076 12,164 20 68.081 85 79.157 12.249 20 26.541 (4.344) 17 116.196 9.475 142,737 5,131 17 Total income 23,267 68.166 91.433 22.214 125.671 147,885 Expenditure on: Charitable activities 23,067 80,560 103,627 24,591 122,703 147,294 Total expenditure 23,067 80,560 103,627 24,591 122,703 147,294 Net incomel(expenditure) 200 (12,394) (12,194) (2,377) 2,968 591 Transfers between funds 12.406 (12,406) Other recognised gains and losses: Other losses 14 (36) (36) Net movement in funds 10 164 {12,394) (12,230) 10,029 (9.438) 591 Reconciliation of funds: Fund balances at 1 January 2024 (9,573) 12,394 2,821 (19,6021 21,832 2,230 Fund balances at 31 December 2024 (9,409) (9,409) (9.573) 12,394 2,821 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
WORLD CETACEAN ALLIANCE BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 as restated Notes Fixed assets Tangible assets 15 273 Current assets Debtors Cash at bank and in hand 16 1.398 17.364 645 16,299 18.762 16,944 Creditors: amounts falling due within one year 17 (28,171) {14,396) Net current (liabilities)lassets (9,409) 2,548 Total assets less current liabilities (9,409) 2,821 The funds of the charity Restricted income funds Unrestricted funds 20 21 12,394 19,573) (9,409} (9,409} 2,821 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 2024. The direGtors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company lo obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordan with the provisions applicable to companies subject to the small companies regime. 26 September 2025 Thpfinancial statements were approved by the trustees on ......................... Roger Mann Trustee Company registration number 08603082 (England and Wales)
WORLD CETACEAN ALLIANCE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity infonnation World Cetacean Alliance is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit D, 132-134 Albion Street, Southwick, Brighton. BN42 4DP. 1.1 Accounting convention The financial statements have been prepared in accordan 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 sterfing. which is the functional cUencY of the charity. Monetary amounts 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 concem basis. The charity has a negative reserves posiiion of £9,409 at the balance sheet date. The Irustees have prepared a detailed budget to 31 December 2026 which indicates a return to a positive reserves position. They are closely monitoring this and cashflow so action can be taken on a timely basis, if necessary. Based on this. the trustees believe it is appropriate to use the going concern basis for preparing the financial statements. 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 furtheran of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors 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 perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be r1ved. 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.
WORLD CETACEAN ALLIANCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 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 defeed and shown as a creditor in the accounts to the extent that the invold amount relates to future accounting periods. 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 impaimient 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= Plant and equipment Computers 3 years straight line 3 years straight line The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 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 impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif 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 Ihe 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 charitys 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 assels, 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.
WORLD CETACEAN ALLIANCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, induding creditors and bank loans are initially recognised at transaction pri. 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-cUenI liabilities. Trade creditors are recognised initially at transaction pri and subsequently measured at the settlement amount. 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 pertod in which the employee's services are received. Temiination 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 benefrt schemes are charged as an expense as they fall due. 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 experiencè and other factors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo 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. Income from donations and legacies Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants Membership fees 2,246 610 66.894 577 2.856 66.894 9.407 17.148 537 94.968 20.691 17,685 94,968 30,084 8,830 9.393 11,076 68,081 79,157 26,541 116,196 142,737 10-
WORLD CETACEAN ALLIANCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacies (Continued) Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Grants Sankalpa World Animal Protection 10,000 10,000 IWAP} Enjoolata Hurtigruten 63.000 63.000 79.968 5.000 79,968 5,000 3.894 3.894 66.894 66.894 94.968 94,968 Income from charitable activities Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Charitble activities Ancillary trading income Other income 152 12,012 152 12,097 211 (4,5551 211 4,920 85 9,475 12,164 85 12,249 (4,3441 9,475 5,131 Income from investments Unrestricted Unrestricled funds funds 2024 2023 Interest receivable 20 17 Other income Unrestricted Unrestricted funds funds 2024 2023 Other income 11
WORLD CETACEAN ALLIANCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitable activities Charitable activities 2024 Charitable activities 2023 Direct costs Staff costs Depreciation and impairment Project, conference and course costs. Insurance Subscriptions Consullancy fees Motor, travel and subsistence Telephone Utilities Sussex Dolphin repayment 84.166 274 2.474 228 120 525 50 472 108,541 539 13,292 573 606 3,816 648 (23) 7.363 95,672 127,992 Grant funding of activities (see note 8) 790 7,963 Share of support and governance costs (see note 9) Support Govemance 4.027 3.138 8.411 2,928 103.627 147,294 Analysis by fund Unrestricted funds Restricted funds 23.067 80.560 24,591 122,703 103.627 147,294 Grants payable 2024 2023 Grants to institutions= Other 790 7,963 12-
WORLD CETACEAN ALLIANCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to activities 2024 2023 Operating lease charges Computer and website expenses Expenses Govemance costs 5,373 2,221 817 2,928 4,153 (126) 3,138 7,165 11,339 Analysed between: Charitable activities 7,165 11,339 10 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl(crediting)- Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets Operating lease charges 2,042 274 1,950 539 5,373 11 Trustees None of the tnjstees (or any persons connected with them) reiVed any remuneration or benefits from the charity during the year. 12 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries Social security costs Other pension Gosts 81,205 1,375 1.586 97,452 8,242 2,847 84,166 108,541 Key Management Personnel is comprised of the Chief Executive olfir and Chief Operating Officer roles. The total remuneration of Key Management Personnel in the year was £33,795 (2023: £51.267). This includes employer's pension and Nl contributions and is before allocation of the employers Nl allowance. 13-
WORLD CETACEAN ALLIANCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Employees (Continued) There were 2 full-time employees and 4 part-time employees during the year. There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel is as follows: 2024 2023 Aggregate compensation 33,795 51,267 13 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 14 Olher gains and losses Unrestricted Unrestricted funds funds 2024 2023 Gainsl(losses) upon.. Foreign exchange 36 15 Tangible fixed assets Plant and equipment Computers Total Cost At 1 January 2024 681 935 1,616 At 31 December 2024 681 935 1,616 Depreciation and impairment At 1 January 2024 Depreciation charged in the year 454 227 888 47 1,342 274 At 31 December 2024 681 935 1,616 Carrying amount At 31 December 2024 At 31 December 2023 227 46 273 14-
WORLD CETACEAN ALLIANCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Debtors 2024 2023 Amounts falling due within one year: Other debtors Prepayments and accrued income 753 645 645 1,398 645 17 Creditors: amounts falling due within one year 2024 2023 Notes Other taxation and social security Deferred income Other creditors AGGruals 1,151 4,098 6,890 2,257 18 25,968 65 2,138 28,171 14,396 18 Deferred income 2024 2023 Arising from Deferred membership income 25,968 4,098 Deferred income is included in the financial statements as follows: 2024 2023 Deferred income is included within- Current liabilities 25,968 4,098 Movements in the year= Deferred income at 1 January 2024 Released from previous periods Resources deferred in the year 4,098 14,098) 25,968 1,606 (1,606) 4,098 Deferred income at 31 December 2024 25,968 4,098 19 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 1,586 2,847 15-
WORLD CETACEAN ALLIANCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Retirement benefit schemes (Continued) The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of Ihe charity in an independenuy administered fund. 20 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific condilions by donors as to how they may be used. At 1 January 2024 Incoming resources Resources expended Transfers At31 December 2024 Breakaway Travel World Animal Protection {WAP) Hurtigruten WAP (Whale Heritage Sites) Research equipment Dolphins Aren't Discard Sussex Dolphin Project 4.278 (4.278) (63.0001 (3.8941 (577) (1 OOJ (9241 (7,787) 63.000 3.894 577 100 526 7,490 398 297 12,394 68.166 (80,560) Previous year: At 1 January 2023 Incoming resources Resources expended Transfers At31 December 2023 Breakaway Travel World Animal Protection IWAP) Research equipment Dolphins Aren't Discard Sussex Dolphin Project Certification programme 4,278 17,454 100 4,278 84.960 (102,414) 100 526 7,490 516 24,475 15,720 10 (17,431) (2,8681 446 {12,852) 21,832 125,671 (122.703) {12,406) 12,394 World Animal Protection: funding for whale heritage sites Enjoolata= salary funding Breakaway Travel: to contribute to the development innovative marine ecotourism in Europe. 16-
WORLD CETACEAN ALLIANCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 21 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific condilions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incoming resources Resources expended Transfers Gains and losses At31 December 2024 General funds {9,573) 23,267 (23,067) (36) (9,409) Previous year: At 1 January 2023 Incoming resources Resources expended Transfers Gains and losses At31 December 2023 General funds (19,602) 22,214 (24.591) 12,406 (9,573) 22 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 December 2024: Current assetsl{liabilities) (9.409) (9,409) (9.409) (9,409) Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 December 2023: Tangible assets Current assetsl{liabilities) 273 (9,846} 273 2,548 12,394 (9.573) 12,394 2,821 23 Related party transactions There were no disclosable related party transactions during the year (2023- none). 24 Prior period adjustment 17-
WORLD CETACEAN ALLIANCE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 24 Prior period adjustment (Continued) Changes to the balance sheet At 31 December 2023 As previously Adjustment reported As restated Creditors due within one year Other creditors (4,371) (4.776) (9,147) Capital funds Income funds Restricted funds Unrestricted funds 17,756 (10,159) (5,362) 586 12,394 (9,573) Total equity 7,597 (4,776) 2,821 Changes to the profit and loss account Period ended 31 December 2023 As previously Adjustment As restated reported Charitable activities 9,907 (4,776) 5,131 Net movement in funds 5,367 (4.776) 591 18-