## **ATLANTIC WHALE & DOLPHIN FOUNDATION**
## **TRUSTEES’ ANNUAL REPORT**
## **YEAR ENDED 1 MARCH 2024**
## **Risk Management**
The Trustees continue to assess the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to these risks.
## **Achievements and Performance**
## _Achievement of objectives_
## _Summer of 2023_
The Season 2023-24 saw an improvement in activity although with a noticeable change, for the worse, in volunteer involvement and attitude. It also saw the tentative opening of activities further afield in Asia. In early 2023 we had promoted our volunteering and funded programmes extensively using newly developed on-line promotional techniques such as Team and Zoom etc. We again saw reduced uptake from UK students but offset by European students particularly from Holland, Germany, France and Belgium. We again had funding for FE students via Turing and continued problems with the administration of the Turing programme by Capita, the contractors appointed by Turing, persisted to the detriment of the programme.
The Turing scheme is similar to Erasmus but it enables UK students to study and do work placements in countries around the world, instead of just in countries in the EU. The Turing grant was broken down into Organisational Support, Travel Costs and Operational costs. Students were given the opportunity to undertake placements of varying lengths, 2 weeks& 4 weeks in Tenerife and 3 week placements in Sri Lanka, Vietnam, Thailand and other countries.
UK students of Further Education participating on the programme benefited hugely from the experience with a great many continuing to work with the Foundation helping in developing its programmes. As well as Animal Management and Tourism projects we also had Business, Photography, Media and Film students which greatly added to the activities and experiences generated.
Despite everything, the Charity delivered a hugely successful programme **.** Many students were kept on for over four weeks and many are still with the Charity. The Charity has built a strong corp of ‘Heroes’ who can and will drive the Charity’s programmes forward. The Charity delivered its programmes in full despite the above mentioned difficulties
_Principal funding sources and expenditure_
## **Income**
## **Eramus/Turing Funding**
The Turing Scheme is a competitive grant funding scheme. It provides Grants to successful organisations to fund individuals undertaking education and training in the UK or overseas. It replaces the EU's flagship program, Eramus. which funded university and school exchanges, as well as work placements. The British Council administer both Erasmus and Turing funding for the UK Government.
## **Donations**
This includes donations contributions from members of the public and volunteer contributions. This important source of income, mainly generated through volunteers and participating students was again held back because of the lack of appetite for public interaction.
Volunteer/ Educational groups
European volunteering picked up although volunteering from the UK remained stagnant. Two UK groups returned- Bangor university and UCB
## **Expenditure**
## **True and Fair Eco Tourism CIC**
True Fair Eco Tourism CIC is mandated by the Atlantic Whale & Dolphin Foundation to deliver the volunteer and funded programs in Tenerife.
## **Association Whalefund.**
Association Whalefund is the AWdF’s partner in Tenerife, a locally registered charitable association responsible for delivering its volunteer and student programmes on the island. 4
## **Tenerife costs**
Expenditure in Tenerife accounts for the bulk of AWdF’s outgoings. Expenditure was affected through several channels: Association Whalefund, a local charitable association, Ed Bentham operational trustee on the island facilitating operational costs, True Fair Eco Tourism CIC and AWdF direct.
Tenerife costs include:
Support for volunteers including accommodation, food, transport, logistics and equipment costs.
Flights
Accommodation costs in a small farmhouse in Trevejos and a larger complex of ten apartments in
Los Blanquitos.
Stipends and wages.
Equipment costs.
Transportation and travelling costs.
Chartering small boats.
## **Financial review**
During the year the Charity had total incoming resources of £472, 488 and there was a net increase in funds of £2,823 The total restricted funds at the end of the period amounted to £nil. (2022: £Nil), and unrestricted funds (not designated for specific purposes) amounted to £2482
## **Plans for Future Years**
The Trustees are committed to continue achieve the objectives of the Charity but know that to do so they will have to continue to seek funding from external sources who support the objectives of the Charity. The end of the pandemic will hopefully assist the Charity but keeping costs under control will also be crucial. A return to strenuous fundraising activities through a growing student and volunteering corp is essential.
## **On behalf of the Trustees**
## **Edwin Bentham – Trustee**
## **30/12/2024**
## **ATLANTIC WHALE & DOLPHIN FOUNDATION**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **YEAR ENDED 1 MARCH 2024**
In lieu of the Independent Examiners report on this set of Financial Accounts and as the vast bulk of transactions recorded relate to the management to Turing/Erasmus Funding we have again substituted their report to Turing/Capita for the corresponding period. This is partly to because of the impact on our liquidity caused by errors in communication by Turing and Capita and the consequent dramatic impact on our cash flow. As the periods involved are similar, we hope this is acceptable (if only to not incur substantial further costs for the same work).
## **On behalf of the Trustees**
**Edwin Bentham – Trustee**
**30/12/2024**
somerbys
30 Nels Streel
Leicester LE17BA
Tel: 0116 279 5700
advice@somerbys.co.uk
Www.somerbys..uk
Annual Certification of A1Jantic Whale and Dolphin Foundation Expenditure for Grant Period Year
2023 - 2024.
The Turing S(*eme APP - 4NWA69
Dear Sirs
Re: Atlantlc Whale and Dolphln Foundation
This certificate is provided to Atlantic Whale and Dolphin Foundation to enable it to compty with
the terms and conditions of the Grant Funding Agreement (GFA). We have obtained
reasonable assurance that the expenditure, for which a grant of £319.417 for the year ending
31 August 2024 was paid. From this grant the Atlantic Whale and Dolphin Foundation incurred
£319,417 and this was applied for the purposes intended by the TSA and the finanaal
transactions conform to the GFA and list of objectives specified. Our work included
examination, on a sample basis, of evidence relevant to the regularity and propriety of Atlantic
Whale and Dolphin Foundation's income and expenditure.
In our opinion, having carried out our work in all material respects, the expenditure for the grant
period 2023 - 24 and the grant conditions have been met and the grant has been spent for the
intended purposes.
This report is made solely to Atlantlc Whale and Dolphin Foundation to be provided to the TSA.
Our work has been undertaken so that we might stste to Atlantic Whale and Dolphin Foundation
those matters we are required to state in a report and for no other purpose.
Somerbys Limited - Chartered Accountants
Direetors.. AM Wesl FCA, MW Dc¢kerty FCA FCCA
Managers: Mrs MD Oakley ATh(Fellr)wl. Mr5 CL Bayffiss FCCI A Sk)r* ACCA
Regstered In EnglarKI: 5242197 Registwtd Offie•: 30 NBkn Str•gL LèiL*St8r. LE17BA
Yours faithfijlly
Signed by an Independent extemal officer authorised to slgn
1611212024
Dats
Signature
Name of external audltorlaccountanl
or equlvalent (please print)
Alexander West
For and on belf of Somerbys Limited
Position in organisation
Signed by a senior officer authorised to sign on behalf of Atlantic Whale and Dolphin
Foundation
16/1212024
Slgnature
Name (please print)
Edwin Bentham
Position in organisation
Trustee
## **ATLANTIC WHALE & DOLPHIN FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITES INCLUDING INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 1 MARCH 2024**
## **Current financial year**
|**Notes**
**Income from**
Charitable activities
2
Donations
2
**Expenditure on:**
Charitable activities
3
Total expenditure
**Net movement in**
**funds**
Transfer
**Fund balance 2**
**March 2023**|**Unrestricted**
**Funds 2024**
**£**
43,523
25
43,548
43,548
(43,548)
|**Restricted**
**Funds**
**2024**
**£**
428,937
428,937
469,662
469,662
(40,725)
43,548
(342)|**Total**
**2024**
**£**
472,460
25
**472,485**
**469,662**
2823
-
(342)|**Total**
**2023**
**£**
389,060
120|
|---|---|---|---|---|
|||||389,180|
|||||386,123|
|||||386,123|
|||||3057
-
(3,399)|
|**Fund balance 1**|2481|2481|(342)|
|---|---|---|---|
|**March 2024**||||
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities
|**ATLANTIC WHALE**|**& DOLPHIN FOUNDATION**|**& DOLPHIN FOUNDATION**||||
|---|---|---|---|---|---|
|**BALANCE SHEET**||||||
|**AS AT 1 MARCH 2024**||||||
||**Notes**|**£**|**2024**|**£**|**2023**|
||||**£**||**£**|
|**Current Assets:**||||||
|Debtors|4|||-||
|Cash at bank and in hand||19,338||32,227||
|**Creditors: amounts**|
5|(5295)||(5295)||
|**falling due within**||||||
|**one year**||||||
|Net current assets|||14,043||26,932|
|**Creditors: falling**|6|(11,562)|(26,590)|
|---|---|---|---|
|**due after on year**||||
|||2481|(342)|
|**Income funds**||||
|Restricted funds 7|Restricted funds 7|-|-|
|Unrestricted funds||2481|(342)|
|Net liabilities||2481|(342)|
The financial statements were approved by the Trustees on 20 December 2024 and signed on their behalf by:
**Edwin Bentham – Trustee 30/12/2024**
## ATLANTIC WHALE & DOLPHIN FOUNDATION
NOTES
YEAR ENDED 1 MARCH 2024
## 1. Accounting policies
Company information
Atlantic Whale & Dolphin Foundation is an unincorporated Charity. The offices are at Pera Business Park, Nottingham Road, Melton Mowbray, Leicestershire LE13 OPB.
## 1.1. Accounting convention
The financial statements have been prepared in accordance with the charity’s governing document, the ‘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 (FRS102)’ (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit as defined by FRS102.
The financial statements are prepared in sterling, which is the functional currency of the charity.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## 1.2. Going concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.
## 1.3. Charitable funds
The charity maintains various types of funds as follows:
Restricted funds – Restricted funds represent grants and donations received which are allocated by the donor for specific purposes.
Unrestricted funds – Unrestricted funds represent income, which is expendable at the discretion of the trustees in the furtherance of the objects of the charity.
## 1.4. Incoming resources
All income is included in the Statement of Financial Activities (incorporating the Income and Expenditure account) when receivable. During the period income represents:
Grants receivable (including government grants); which are recognised in the year to which they relate.
Income received by way of donation and gifts; which is recognised in full on receipt. Where services or facilities have been donated and the benefit to the charity is reasonably quantifiable and measurable, the incoming resources have been recognised in the Statement of Financial Activities. The value placed on those donations is the price the charity estimates that it would pay in the open market for a service or facility of equivalent utility to the charity. The value of services provided by the volunteers is not included.
Donated services are recognise as they arise and are matched to the appropriate cost.
9
ATLANTIC WHALE & DOLPHIN FOUNDATION
NOTES (CONTINUED)
YEAR ENDED 1 MARCH 2024
1 Accounting policies (continued)
1.5. Resources expended
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probably that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Grants payable are charged in the year they become payable. Other resources expended are allocated directly to the particular activity where the cost relates to that activity. However, certain overhead and administrative costs are apportioned to each activity based on an estimate of staff time attributable to each activity.
All resources expended are accounted for on an accruals basis, and have been allocated to the heading that best describes the expenditure incurred, as described below:
Charitable activities; which are all the costs applied by the charity in undertaking its work to meet its charitable objectives.
## 1.6. Cash and cash equivalents
Cash and cash equivalents included cash in hand, deposits held at call with banks, other short-term liquid investments and original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## 2. Income
||||
|---|---|---|
|**Restricted income**|||
||2024 (£)|2023 (£)|
|Eramus/Turing programme|411,055|315,516|
||||
|**Unrestricted income**|||
|Donations|25||
|Charitable Purpose|43,523|73,478|
|Covid 19 Grant|-|-|
|Fair Earth Foundation|-|-|
|Lottery|-|-|
||**43,548**|**73,598**|
## ATLANTIC WHALE & DOLPHIN FOUNDATION
## NOTES (CONTINUED)
YEAR ENDED 1 MARCH 2024
## 3. Expenditure
|3. Expenditure|||
|---|---|---|
||||
||2024 (£)|2023 (£)|
|**Restricted expenditure**|||
|True Fair Eco Tourism|271,578|273,752|
|Fair Earth Foundation|22,100|-|
|Association Whalefund|-|28,196|
|Tenerife and Asia|134,875|77,324|
|Travelling|11,214|-|
|Operational costs|-|-|
|Consultancy fees|-|-|
|Exchange rate movements|-|-|
|Administration|6,582|5,648|
|Accountancy|-|-|
|Stipends|-|-|
|Bank charges|185|626|
|Bank loan interest|5,294|5,294|
||**451,828**|**386,123**|
11
## ATLANTIC WHALE & DOLPHIN FOUNDATION
## NOTES (CONTINUED)
YEAR ENDED 1 MARCH 2024
## 4. Debtors
|4. Debtors|||
|---|---|---|
||||
||2024 (£)|2023 (£)|
|Eramus debtor|-|-|
||**-**|**-**|
## 5. Creditors – Amounts falling due within one ear
Creditors – Amounts due within one year
Creditors – Amounts due within one year
|Creditors – Amounts due within one year|Creditors – Amounts due within one year|Creditors – Amounts due within one year|
|---|---|---|
|Creditors – Amounts due within one year|||
||||
||2024 (£)|2023 (£)|
|Bank loan|5295|5295|
|Other creditors|-|-|
|Accruals|-|-|
||5295|5295|
## 6. Creditors – Amounts due after one year
Creditors – Amounts due after one year
|6. Creditors – Amounts due after one year|6. Creditors – Amounts due after one year|6. Creditors – Amounts due after one year|
|---|---|---|
|Creditors – Amounts due after one year|||
||||
||2024 (£)|2023 (£)|
|Bank loan|21,295|26,590|
||21,295|26,590|
ATLANTIC WHALE & DOLPHIN FOUNDATION
NOTES (CONTINUED)
YEAR ENDED 1 MARCH 2024
9 Contingent liabilities
The charity had no contingent liabilities at 1 March 2024.
## **ATLANTIC WHALE & DOLPHIN FOUNDATION**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **YEAR ENDED 1 MARCH 2024**
In lieu of the Independent Examiners report on this set of Financial Accounts and as the vast bulk of transactions recorded relate to the management to Turing/Erasmus Funding we have substituted their report to Turing/Capita for the corresponding period. This is partly to because of the impact on our liquidity caused by errors in communication by Turing and Capita and the consequent dramatic impact on our cash flow. As the periods involved are similar, we hope this is acceptable (if only to not incur substantial further costs for the same work).
## **On behalf of the Trustees**
**Edwin Bentham – Trustee**
**30/12/2024**
somerbys
30 Nels Streel
Leicester LE17BA
Tel: 0116 279 5700
advice@somerbys.co.uk
Www.somerbys..uk
Annual Certification of A1Jantic Whale and Dolphin Foundation Expenditure for Grant Period Year
2023 - 2024.
The Turing S(*eme APP - 4NWA69
Dear Sirs
Re: Atlantlc Whale and Dolphln Foundation
This certificate is provided to Atlantic Whale and Dolphin Foundation to enable it to compty with
the terms and conditions of the Grant Funding Agreement (GFA). We have obtained
reasonable assurance that the expenditure, for which a grant of £319.417 for the year ending
31 August 2024 was paid. From this grant the Atlantic Whale and Dolphin Foundation incurred
£319,417 and this was applied for the purposes intended by the TSA and the finanaal
transactions conform to the GFA and list of objectives specified. Our work included
examination, on a sample basis, of evidence relevant to the regularity and propriety of Atlantic
Whale and Dolphin Foundation's income and expenditure.
In our opinion, having carried out our work in all material respects, the expenditure for the grant
period 2023 - 24 and the grant conditions have been met and the grant has been spent for the
intended purposes.
This report is made solely to Atlantlc Whale and Dolphin Foundation to be provided to the TSA.
Our work has been undertaken so that we might stste to Atlantic Whale and Dolphin Foundation
those matters we are required to state in a report and for no other purpose.
Somerbys Limited - Chartered Accountants
Direetors.. AM Wesl FCA, MW Dc¢kerty FCA FCCA
Managers: Mrs MD Oakley ATh(Fellr)wl. Mr5 CL Bayffiss FCCI A Sk)r* ACCA
Regstered In EnglarKI: 5242197 Registwtd Offie•: 30 NBkn Str•gL LèiL*St8r. LE17BA
Yours faithfijlly
Signed by an Independent extemal officer authorised to slgn
1611212024
Dats
Signature
Name of external audltorlaccountanl
or equlvalent (please print)
Alexander West
For and on belf of Somerbys Limited
Position in organisation
Signed by a senior officer authorised to sign on behalf of Atlantic Whale and Dolphin
Foundation
16/1212024
Slgnature
Name (please print)
Edwin Bentham
Position in organisation
Trustee