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2023-03-31-accounts

Page
Report ofthe Trustees 1 to 19
Report ofthe Independent
Auditom		 20 to 22
Statement of Financial Activities 23
Statement of Financial Position 24
Statement of Cash Flows 25
Notes to the Statement ofCash Flows 26
Notes to the Financial Statements 27 to 33
Detailed Statement of Financial Activities 34

For The Year Ended 31 March 2023
31.3.23 31.3.22
Unrestricted Restricted Total Total
Notes fundf funds
f		 funds
f'		 fundsf
INCOME AND ENDOWMENTS FROM
Charitable
activities
Centre ofExcellence 581,239 581,239 587,635
Subscriptions 231,465 231,465 235,933
Fellowship
programme		 21,365 21,365 10,968
Investment
income		 370 370 39
Total ~231 835 602,604 834,439 834,575
EXPENDITURE ON
Charitable
activities
Centre ofExcellence 436,643 436,643 369,884
NANO activities 66,264 66,264 112,176
Shipboard
training		 64,777 64,777 31,157
POGO activities 261,393 2,136 263,529 213,451
Fellowship
programme		 21,365 21,365 16,691
Citizen Observation
of Local Litter in Coastal
ECosysTems 13,582 13,582 43,509
Return of residual
grants		 134,778
Total 261,393 ~604 767 ~866 160 ~921 646
NET INCOME/(EXPENDITURE) (29,558) (2,163) (31,721) (87,071)
RECONCILIATION
OF FUNDS
Total funds
brought
forward		 397,038 225,682 622,720 709,791
TOTAL FUNDS CARRIED FORWARD 367,480 ~223 519 ~590 999 622,720

TIA PO GO
Statement of Cash Flows
For The Year Ended 31 March 2023
31.3.23 31.3.22
Notes f f
Cash flows from operating
activities
Cash generated
from operations		 1 ~767 986) ~17456
Net cash (used in)/provided by operating activities ~467 986) 17,456
Cash flows from investing activities
Interest received 370 39
Net cash provided
by investing
activities		 370 39
Change
in cash and cash		 equivalents in
the reporting
period		 (167,616) 17,495
Cash and cash equivalents at the
beginning
ofthe reporting		 period 1 468 732 1,451,237
Cash and cash equivalents at the end of
the reporting
period		 1,361 116 1,466,732

31.3.23 31.3.22
f
Net expenditure for the reporting period (as per the Statement of
Financial Activities) (31,721) (87,071)
Adjustments
for:
Interest received (370) (39)
Decrease
in debtors		 3,920 19,084
(Decrease)/increase in creditors ~139815 ~85 482
Net cash (used In)/provided by operations (167,986) ~17456
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22
f		 Cash flow
f		 At 31.3.23
f
Net cash
Cash at bank ~1468732 167616 1,301,116
1,468,732 ~167616 1,361116
Total 1 468732 ~167,616 1 361 118

31.3.23 31 3.22
5
Deposit account interest 370 39
INCOME FROM CHARITABLE ACTIVITIES
Activity 31.3.23
F		 31.3.22
f
Grants Centre ofExcellence 581,239 587,635
Subscriptions Subscriptions 231,465 235,933
SCORincome Fellowship programme ~21 365 10,968
~834 069 834536
Grants received, included in the above, are as follows:
31.3.23 31.3.22
5 5
Nippon Foundation 581,209 587,535

Grant
funding
of
activities Support
Direct (see note costs (see
Costs 5) note 6) Totals
5 6 5
Centre of Excellence 24,439 412,204 412,204
NANO activities 17,175 49,089 66,264
Shipboard training 4,029 60,748 64,777
POGO activities 30,985 62,729 183,397 277,111
Fellowship programme ~21 365 21,365
76,628 ~606 135 ~183 397 866,160

Governance
Management Finance costs Totals
F 5 5
POGO activities ~173 632 1,010 8,755 ~183397
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.23 31.3.22
Auditors' remuneration 5,408 5,091
Auditors' remuneration for non audit work 3,347 3,078
Foreign Exchange (gain)/loss ~40,875) 9,192

DEBTORS:AMOUNT S
F		 ALLING DUE WITHIN ONE YEAR
31.3.23
F		 31.3.22
f
Trade debtors 6,334 10,193
Prepayments ~1002 1 063
~7336 11,256
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23
6		 31.3.22
f
Trade creditors 1,789 20,281
Other creditors 2,850 1,805
Accruals and deferred income 441,569 591,465
Accrued expenses ~271 245 243,717
717,453 857,268

MOVEMENT
IN FU		 NDS
Net
movement At
At 1.4.22
f		 in funds
f		 31.3.23
f
Unrestricted
funds
General fund 397,038 (29,558) 367,480
Restricted funds
Nippon
Foundation		 Grant 199,840 11,357 211,197
Richard Lounsbery Foundation 25,842 ~13520) 12,322
~225 682 2,163 ~223 519
TOTAL FUNDS ~622 720 ~31 721) ~590 999
Net movement
in funds,		 included in the above are as follows:
Incoming Resources Movement
resources
f		 expended
f		 in funds
f
Unrestricted
funds
General
fund		 231,835 (261,393) (29,558)
Restricted funds
Nippon
Foundation		 Grant 581,239 (569,882) 11,357
Richard Lounsbery Foundation (13,520) (13,520)
SCOR fellowship
21,365 ~21 365
602,604 (604,767) 2,163
TOTAL FUNDS 834,439 (866,160) ~31 721)
Comparatives
for movement		 In funds
Net
movement At
At 1.4.21 in funds 31.3.22
f f f.
Unrestricted
funds
General fund 367,198 29,840 397,038
Restricted funds
Nippon
Foundation		 Grant 273,242 (73,402) 199,840
Richard
Lounsbery		 Foundation 69,351 ~43,509) 25,842
~342 593 ~116911 225,682
TOTAL FUNDS ~709791 ~87 071) 622,720

Compar ative
net m		 ovement
in funds,
included
in		 the above are as follows:
Incoming Resources Movement
resources
f		 expended
f		 in funds
f
Unrestricted
funds
General fund 235,972 (206,132) 29,840
Restricted funds
Nippon Foundation Grant 587,635 (661,037) (73,402)
Richard Lounsbery Foundation (43,509) (43,509)
SCOR fellowship 10,968 (10,968)
598603 15,514 116911
TOTAL FUNDS 834 575 ~921,646) ~87 071)
A curren t year 12 m onths
and pnor year 12month		 s
combined
position
is as follow		 s:
Net
movement At
At 1.4.21
f		 in funds
f		 31.3.23
f
Unrestricted
funds
General fund 367,198 282 367,480
Restricted funds
Nippon Foundation Grant 273,242 (62,045) 211,197
Richard Lounsbery Foundation 69351 ~57,029) 12322
342,593 ~119,074 223,519
TOTAL FUNDS 709,791 ~118,792) 590,999
Incoming Resources Movement
resources expended
6		 in funds
f
Unrestricted
funds
General fund 467,807 (467,525) 282
Restricted funds
Nippon Foundation Grant 1,168,874 (1,230,919) (62,045)
Richard Lounsbery Foundation (57,029) (57,029)
SCOR fellowship
32,333 ~32,333
1,201,207 (1~320,281 ~119,074
TOTAL FUNDS 1,669,014 (1,787,806) ~118792)

Partnershi
for Observation

Global Ocean CIO
TIA POGO		 ofthe
Detailed Statement of Financial Activities
For The Year Ended 31 March 2023
31.3.23
5		 31.3.22f
INCOIIIIE AND ENDOWMENTS
Investment
income
Deposit account interest 370 39
Charitable
activities
Subscriptions
SCOR income		 231,465
21,365		 235,933
10,968
Grants ~581 239 587,635
834,069 834,536
Total incoming
resources		 834,439 834,575
EXPENDITURE
Charitable
activities
Insurance 934 934
Events and associated travel 35,181 45,348
Outreach
materials		 12,671 13,185
Website development
Project administration
Foreign exchange
(gain)/loss
Residual
grant returns
Grants to institutions		 2,125
66,592
(40,875)
440,854		 2,421
50,754
9,193
134,778
329,032
Grants to indiwduals ~165281 194,296
682,763 779,941
Supportcosts
Management
Trustees' expenses
Office rent		 6,468
3,943		 3,918
Annual
Meetings		 3,991 588
Postage and stationery
Advertising		 272 127
42
Travel 11,157 454
Staff training
Subscriptions		 458
3,134		 202
2,454
Contribution
to key management		 personnel ~144209 ~124991
173,632 132,776
Finance
Bank charges 1,010 760
Governance
costs
Auditors'
remuneration		 5,408 5,091
Auditors'
remuneration		 for non audit work 3,347 3,078
~8755 8 169
Total resources expended 866,160 921,646
Net expenditure ~31,721) ~87,071)