2022-03-31-accounts - Partnership For Observation Of The Global Ocean

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Report ofthe Trustees	1	to	17
Report ofthe independentAuditors	18	to	20
Statement of Financial Activities		21
Statement of Financial Position		22
Statement ofCash Flows		23
Notes to the Statement ofCash Flows		24
Notes to the Financial Statements	25	to	31
Detailed Statement of Financial Activities		32

	For	The Year	Ended 31 March	2022
					31.3.22	31.3.21
			Unrestricted	Restricted	Total	Total
		Notes	fundf	funds	funds f	fundsf
INCOME AND ENDOWMENTS	FROM
Charitable activities
Centre ofExcellence				587,635	587,635	653,548
Subscriptions			235,933		235,933	245,796
Fellowship programme				10,968	10,968	7,871
Citizen Observation ofLocal Litter in Coastal
ECosysTems						73,625
Investment income			39		39	2,415
Total			235,972	598,603	834,575	983,255
EXPENDITURE ON
Charitable activities
Centre ofExcellence				369,884	369,884	511,312
NANO activities				112,176	112,176	40,337
Shipboard training				31,157	31,157	12,573
Biological observations						13,786
POGO activities			200,409	13,042	213,451	210,080
Fellowship programme			5,723	10,968	16,691	7,893
Citizen Observation ofLocal Litter in Coastal
ECosys Terna				43,509	43,509	3,429
Return of residual grants				134,778	134,778
Total			206,132	715,514	921,646	799,410
NET INCOME/(EXPENDITURE)			29,840	(116,911)	(87,071)	183,845
RECONCILIATION OF FUNDS
Total funds brought forward			367,198	342,593	709,791	525,946
TOTAL FUNDS CARRIED FORWARD			397,038	~225 682	622,720	709,791

				F	or The Year Ended	31 March 2022	31 March 2022
						31.3.22		31.3.21
					Notes	Z
Cash flows from	operating	activities
Cash generated from operations						17	456	216,523
Net cash provided	by operating		activities			17	456	216,523
Cash flows from	investing	activities
Interest received							39	2,415
Net cash provided	by investing		activities				39	2 415
Change In cash	and cash	equivalents		in
the reporting period						17,495		218,938
Cash and cash equivalents		at	the
beginning ofthe	reporting	period				1,451,237		1,232,299
Cash and cash equivalents		at	the end	of
the reporting period						1 465 732		1,451,237

									31.3.22 f	31.3.21
Deposit account		interest							39	2415
INCOME FROM		CHARITABLE			ACTIVITIES
					Activity				31.3.22 f	31.3.21
Grants					Centre ofExcellence				587,635	653,548
Subscriptions					Subscriptions				235,933	245,796
SCOR	income				Fellowship programme				10,968	7,871
					Citizen Observation	ofLocal Litter in Coastal
Grants					ECosysTems					73,625
									~834 536	980840
Grants	received,	included		in the	above, are as follows:
									31.3.22 f	31.3.21 f
Nippon	Foundation								587,635	653,548
Richard	Lounsbery		Foundation							73625
									587,635	727,173
CHARITABLE ACTIVITIES COSTS
							Grant
							funding	of
							activities		Support
						Direct	(see note		costs (see
						Costs f	5)f		note 6) f	Totals f
Centre	ofExcellence					58,383	311,501			369,884
NANO activities						5,492	106,684			112,176
Shipboard training						3,745	27,412			31,157
Citizen	Observation		ofLocal Litter in Coastal
ECosysTems							43,509			43,509
POGO	activities					54,215	17,531		141,705	213,451
Fellowship programme							16,691			16,691
Return	of residual		grants			~134778				134,778
						256,613	523,328		~141 705	~921 646

Net movement in fu	nds, included in the above ar	e as follows:
		Incoming	Resources	Movement
		resources f	expended 6	in funds f
Unrestricted funds
General fund		235,972	(206,132)	29,840
Restricted funds
Nippon Foundation Richard Lounsbery	Grant Foundation	587,635	(661,037) (43,509)	(73,402) (43,509)
SCOR fellowship
		~10968	~10968)
		~598603	~715514)	(116,9tt)
TOTAL FUNDS		~834575	(921,646)	~87 071)

Compar	ative net m	ovement in funds, induded in	the above are as follows:
			Incoming	Resources	Movement
			resources	expended f	in funds F
Unrestricted funds
General	fund		248,211	(206,166)	42,045
Restricted funds
Nippon Richard	Foundation Lounsbery	Grant Foundation	653,548 73,625	(568,158) (17,215)	85,390 56,410
SCOR	fellowship
			7,871	7871
			735,044	~593,244	141,800
TOTAL	FUNDS		983,255	~799,410)	183,845

		Incoming	Resources	Movement
		resources f	expended f	in funds 6
Unrestricted funds
General fund		484,183	(412,298)	71,885
Restricted funds
Nippon Foundation Richard Lounsbery SCOR fellowship	Grant Foundation	1,241,183 73,625 18,839	(1,229,195) (60,724) (18,839)	11,988 12,901
		1,333,647	(1~308,758	24,889
TOTAL FUNDS		1~817,830	(1,721 056)	96,774

			31.3.22 f.	31.3.21 f
INCOME AND ENDOWMENTS
Investment Income
Deposit account interest			39	2,415
Charitable activities
Subscriptions			235,933	245,796
SCOR income			10,968	7,871
Grants			~587 635	727,173
			~834 536	980840
Total incoming resources			834,575	983,255
EXPENDITURE
Charitable activities
Insurance			934	934
Events and associated	travel		45,348	17,642
Outreach materials			13,185	5,478
Website development			2,421	10,036
Project administration			50,754	29,740
Foreign exchange (gain)/loss			9,193	73,221
Residual grant returns			134,778
Grants to institutions			329,032	473,356
Grants to individuals			~194296	46,393
			779,941	656,800
Supportcosts
Management
Office rent			3,918	4,126
Annual Meetings			588	3,634
Postage and stationery			127	3,929
Advertising			42
Travel			454	(857)
Staff training			202	89
Subscriptions			2,454	1,900
Contribution to key management		personnel	124,991	121333
			132,776	134,154
Finance
Bank charges			760
Governance costs
Auditors' remuneration Auditors' remuneration	for non	audit work	5,091 ~3078	4,847 2,964
			8,169	7,811
Total resources expended			921 646	799,410
Net (expenditure)/income			(87,071)	183,845