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|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||
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||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|
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|||||||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|
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||||||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|
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|||||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|
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|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|
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|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|
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|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)|
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|||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)|