OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-06-30-accounts

4wTIC NU EPORT R ENDED Charity Registration Number: 1173105

Chairman's
foreword
Chief Executive's statement
OBJECTIVES AND ACTIVITIES
Purpose and activities ofthe Organisation
SAERI Group Values
SAERI's Strategy 10
ACHIEVEMENTS AND PERFORMANCE
Introduction 12
Our science this year 13
Our year in numbers 14
Performance
against business		 plan 16
Our international
performance		 22
REVIEW OF FINANCIAL PERFORMANCE 26
Income analysis 28
Organisational
Risk Summary		 29
Future plans &going concern 30
STRUCTURE, GOVERNANCE
AND MANAGEMENT		 31
REFERENCE AND ADMINISTRATIVE DETAILS 33

~ ~
INCOME FROM:
Donations and legacies 124,736 992,805 1,117,541 759,147
Other trading
activities		 214,877 214,877 511,983
Other income 21,423 40,722 62,145 64,018
Total income 361,036 1,033,527 1,394,563 1,335,148
EXPENDITURE ON:
Raising funds 115,251 115,251 373,425
Charitable
activities		 309,001 822,511 1,131,512 960,277
Total expenditure 424,252 822,511 1,246,763 1,333,702
Net income/(expenditure) (63,216) 211,016 147,800 1,446
Transfers between funds 21 119,279 (119,279)
Net movement
in funds		 56,063 91,737 147,800 1,446
RECONCILIATION
OF FUNDS:
Total funds brought forward 152,015 218,668 370,683 369,237
Net movement
in funds		 56,063 91,737 147,800 1,446
Total funds carried forward 208,078 310,405 518,483 370,683

FIXEDASSETS
Intangible
assets		 14 537 537
Tangible assets 15 167,684 150,256
168,221 150,793
CURRENT ASSETS
Debtor' s 18 100,832 154,630
Cash at bank and in hand 25 469,428 309,334
570,260 463,964
Creditors: amounts falling due within one year 19 (219,998) (243,808)
Net current assets 350,262 220,156
Total assets less current liabilities 518,483 370,949
Provisions
for liabilities		 20 (266)
Total net assets 518,483 370,683
CHARITY FUNDS
Restricted funds 21 310,405 218,668
Unrestricted
funds		 21 208,078 152,015
FIXEDASSETS
intangible
assets		 14 537 537
Tangible assets 15 162,150 138,704
Investments 16
162,688 139,242
CURRENT ASSETS
' Debtors 18 48,432 138,105
Cash at bank and in hand 456,409 232,770
504,841 370,875
Creditors: amounts falling due within one year 19 (183,217) (176,928)
Net current assets 321,624 193,947
Total assets less current liabilities 484,312 333,189
Total net assets 484,312 333,189
CHARITY FUNDS
Restricted funds 21 310,405 218,668
Unrestricted
funds		 21 173,907 114,521

CASH FLOWS FROM OPERATING ACTIVITIES CASH FLOWS FROM OPERATING ACTIVITIES
Net Cash used in operating activities 24 228,002 107,702
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase
oftangible
fixed		 assets (67,908) (61,084)
Net Cash used in investing activities (67,908) (61,084)
Change in cash and cash equivalents
in the		 year 160,094 46,618
Cash and cash equivalents at the beginning ofthe year 309,334 262,716
Cash and Cash equivalents at the end ofthe year 25,26 469,428 309,334

Subsidiary trading income Subsidiary trading income
SAERI (Falklands)
Limited		 income 214,877 214,877 511,983
Subsidiary trading expenses
Staff costs 3,043 3,043 45,635
Staff Training 926 926 907
Transport 29,184
Bankfees 456 456 555
Consulting 206 206 150
Direct Expenses 2,496 2,496 3,394
General Expenses 431 431 657
Travel and subsistence (390) (390) 34,185
Telephone
and internet		 (20) (20) 155
Printing
and stationery		 50 50
ITsoftware and consumables 18 18 40
Legal expenses 726 726 335
Subscriptions 833 833 508
Insurance 375
Corporation
Tax		 (266) (266) 1,552
Accountancy 1,894 1,894 1,703
Specialist consultants 24,798 24,798 147,761
Project delivery cost 73,812 73,812 94,998
Currency
loss/ (gain)		 220 220 3,356
Depreciation
oftangible		 fixed assets 6,018 6,018 7,975
115,251 115,251 373,425
Net Income from Trading activities for 2023 99,626 99,626 138,558

Charity trading income —domestic 214,877 214,877 511,983
Total2023 214,877 214,877 511,983

Recharges 10,896 11,890 22,786 4,280
Other income 10,527 28,832 39,359 59,738
Total 2023 21,423 40,722 62,145 64,018

Total 2023 630,719 500,793 1,131,512 960,277
Total 2022 525,812 434,465 960,277
Staff Costs 192,379 192,379 214,262
Direct expenses 13,513 13,513 10,241
Project delivery costs 330,668 330,668 233,477
Specialist consultants 46,013 46,013 15,632
Travel and subsistence 2,947 2,947 32,781
ITcosts 50 50 2,709
Medical insurance and staff costs 45,149 45,149 16,710
Total 2023 630,719 630,719 525,812
Tota
I 2022		 525,812 525,812

Staff costs 320,947 320,947 285,014
Depreciation 44,462 44,462 35,181
Advertising
and marketing		 2,590 2,590 3,535
Bank fees 931 931 856
Cleaning 2,831 2,831 2,528
Consulting 1,757 1,757 14,717
Entertainment 236 236 13
General expenses 4,611 4,611 3,662
Insurance 35,246 35,246 33,554
ITcosts 1,419 1,419 3,248
Other staff costs 4,425 4,425 4,334
Motor vehicle expenses 4,439 4,439 982
Postage, freight and courier 76 76 17
Printing
and		 stationery 727 727 616
Realised currency (gain)/ loss 3,279 3,279 1,722
Rent 8,000 8,000
Repairs 6,586 6,586 2,987
Staff training 120
Subscriptions 7,078 7,078 6,684
Telephone
and internet		 7,545 7,545 7,639
Travel 13,438 13,438 5,323
Utilities 10,873 10,873 4,201
Asset disposals 834
Governance costs (see note 8) 19,297 19,297 16,698
Total2023 500,793 500,793 434,465
Total 2022 434,465 434,465

Auditors'
remuneration		 12,010 12,010 10,260
Auditors'
non audit costs		 5,740 5,740 6,178
Board expenses 1,547 1,547 260
Tota I2023 19,297 19,297 16,698

Cost of raising funds Cost of raising funds
Expenditure on fundraising trading 3,043 6,018 106,190 115,251 373,425
Total 2023 3,043 6,018 106,190 115,251 373,425
Tota I 2022 7,975 455,268 463,243
Charitable activities
Direct costs 513,326 44,462 554,427 1,112,215 940,579
.' Expenditure on governance 19,297 19,297 19,698
Tota I2023 513,326 44,462 573,724 1,131,512 960,277
Tota I 2022 544,912 35,181 380,184 960,277

Wages and salaries 481,510 508,331 478,488 462,940
Social security costs 17,564 12,705 17,574 12,705
Contribution to defined contribution pension schemes 17,295 23,876 17,295 23,632
516,369 544,912 513,326 499,277

~
~ '
Cost or valuation
As at I July 2022 100,782 32,500 3,349 154,597 291,228
Additions 61,815 6,093 67,908
Disposals (2,528) (2,528)
At 30June 2023 162,597 32,500 3,349 158,162 356,608
Depreciation
At I July 2022 77,500 7,880 3,075 52,517 140,972
Charge for the year 28,975 2,463 274 18,768 50,480
On Disposals (2,528) (2,528)
At 30June 2023 106,475 10,343 3,349 68,757 188,924
Net book Value
At 30June 2023 56,122 22,157 89,405 167,684
At 30June 2022 23,282 24,620 274 102,080 150,256
Charity
~
~ '
Cost or valuation
As at I July 2022 75,782 32,500 3,349 142,998 254,629
Additions 61,815 6,093 67,908
Disposals (2,528) (2,528)
At 30June 2023 137,597 32,500 3,349 146,563 320,009
. Depreciation
At I July 2022 58,411 7,880 3,075 46,559 115,925
Charge for the year 25,856 2,463 274 15,869 44,462
On Disposals (2,528) (2,528)
At 30June 2023 84,267 10,343 3,349 59,900 157,859
Net book Value
At 30June 2023 53,330 22,157 86,663 162,150
At 30June 2022 17,371 24,620 274 96,439 138,704

~ ~ ~ ~
SAERI (Falklands) Limited PO 9ox609, Environmental Ordinary 100%
Stanley Cottage North and
Ross Road consultancy
Falkland Islands and support
Stanley
FIQQ IZZ
he financial results ofthe subsidiary for the year were:
SAERI (Falklands) Limited 2023 214,877 218,200 (3,323) 34,171
SAERI (Falklands) Limited 2022 511,983 509,741 2,242 34,949

Trade debtors 55,103 108,263 20,536 108,038
Other debtors 128 127
Prepayments and accrued income 45,729 46,239 27,896 29,940
100,832 154,630 48,432 138,105
Trade creditors 45,882 124,177 21,881 115,873
Corporation
tax		 993
Other taxation and social security 1,621 1,621
Amounts
owed to subsidiaries		 4,344
Other creditors 13,249 2,639 9,329 2,639
Accruals and deferred income 160,867 114,378 147,663 56,795
219,998 243,808 183,217 176,928
Deferred income at I July 2022 Deferred income at I July 2022 54,375 109,358 19,848 15,000
Movement in the year 55,674 (54,983) 92,512 4,848
110,049 54,375 107,512 19,848

General Funds 114,521 146,159 (206,052) 119,279 173,907
SAERI (Falklands) Limited 37,494 214,877 (218,200) 34,171
152,015 361,036 (424,252) 119,279 208,078
VME Post-Doc 40,374 (22,851) (17,523)
GAP 9,124 (4,soo) (4,324)
MSP 4,284 6,800 (8,991) (5o3) 1,590
Coastal Mapping 2,166 2,166
Fur Seals Tracking 12,148 5,740 (14,171) (3,717)
TC I 730 (73o)
SELINA 7,387 (2,O43) (5,344)
lllex 17,796 (5,918) 11,878
Paul Angell 5,912 15,963 (I6,351) (5,524)
Ellerman 1,711 55,336 (47,924) 9,123
Ellerman Core 51,500 (io) (5,160) 46,330
D+144 Durham 6,175 21,958 (I8,806) 503 9,830
GSGSSI Invasives 5,808 (5,562) 246
GSGSSI Climate Change (347) (347)
D+153TCI Marine Management 16,855 138,138 (146,857) 124 8,260
D+148CC FIshenes Fl 69,769 131,282 (149,607) (5) 51,433
D+139Falkland Higher Predators 10,966 38,180 (33,102) (3,036) 13,008
D+149GSGSSI Winter Krill 7,260 (s,oso) (1,210)
D+167 6,501 (2,000) (4,501)
D+168Seal Bycatch (12,569) 232,369 (136,752) (54S) 82,500
NNF Blue Action Fund NIMPA 6,410 (6,94S) 538
OOH Strathclyde 17,900 106,969 (97,691) 1,624 28,802
Gas Flux DEFRA FC 27,544 (I0,639) (5) 16,900
D+ Wetlands 29,981 27,534 (410) (57,105)
Data Centre miscellaneous (149) 149
D+ Local GIS (137) (149) (286)
Carbon Neutral Fishing Patrick 11,875 (18,247) (4) (6,376)
Davy Civic Fund
PhD Students 3,142 74,902 (58,199) 1,801 21,646
JNCC Misc 15,000 (4,ooo) (11,000)
JNCC EMODnet 19,275 (3,949) (1,624) 13,702
Other 2,000 (2,000)
218,668 1,033,527 (822,511) (119,279) 310,405
Total of Funds 370,683 1,394,563 (1,246,763) 518,483

Unrestricted
funds		 Unrestricted
funds
General Funds 110,966 171,896 (217,200) 48,859 114,521
SAERI (Falklands) Limited 35,252 511,983 (509,741) 37,494
146,218 683,879 (726,941) 48,859 152,015
Restricted funds
VME Post-Doc 25,482 62,815 (48,706) 783 40,374
GAP 20,808 (11,684) 9,124
MSP 1,170 6,800 (3,686) 4,284
Coastal Mapping 2,166 2,166
Fur Seals Tracking 17,283 (19,949) 14,814 12,148
TCI 14,128 42,045 (29,003) (26,440) 730
Move (iS) 12
Paul Angell 14,802 (5,286) (3,604) 5,912
Ellerman 26,599 11,084 (44,825) 8,853 1,711
D+144 Durham 21,990 (6,749) (9,O66) 6,175
GSGSSI Invasives 13,421 11,475 (21,623) (3,273)
D+153TCI Marine management 128,819 (112,177) 213 16,855
D+148CC Fisheries Fl 137,183 (67,431) 17 69,769
D+139Falkland
Higher		 Predators 56,253 (34,076) (11,211) 10,966
D+149GSGSSIWinter Krill 5,040 (4,200) (s40)
D+168Seal sycatch (12,569) (12,569)
OOH Strathclyde 79,755 (61,855) 17,900
D+ Wetlands 59,189 61,445 (87,653) (3,000) 29,981
PhD Students 7,775 11,763 (I5,490) (9os) 3,142
Consolidated
other		 funds 34,992 (19,781) (15,211)
223,019 651,269 (606,761) (48,859) 218,668
Total of Funds 369,237 1,335,148 (1,333,702) 370,683

Tangible fixed assets 91,720 75,964 167,684
Intangible
fixed assets		 537 537
Current assets 199,215 371,045 570,260
Creditors due within one year (83,394) (136,604) (219,998)
Provisions for liabilities and charges
Total2023 208,078 310,405 518,483
Tangible fixed assets Tangible fixed assets 11,552 138,704 150,256
Intangible fixed assets 537 537
Current assets 207,072 256,892 463,964
Creditors due within one year (ee,sso) (176,928) (243,808)
Provisions for liabilities and charges (266) (266)
Total2022 152,015 218,668 370,683
Net income for the year (as per Statement year (as per Statement year (as per Statement of Financial Activities) 147,800 1,446
ADJUSTMENTS FOR:
Depreciation
charges		 50,480 43,155
Loss on disposal of fixed assets 834
Decrease/(increase) in debtors 53,798 13,672
Increase/(decrease) in creditors (23,810) 48,830
(Decrease)/increase in provisions (deferred tax) (266) (235)
Net cash provided by operating activities 228,002 107,702
Cashin hand 469,428 309,334
Total cash and cash equivalents 469,428 309,334

Cash at bank in hand 309,334 160,094 469,428
309,334 160,094 469,428