4wTIC
NU
EPORT
R ENDED
Charity
Registration
Number:
1173105
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|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|
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||||~|~|||
|---|---|---|---|---|---|---|
|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|
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|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|
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|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||
##
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|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|
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||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||
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|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|
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|||~
~ '||||
|---|---|---|---|---|---|
|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|
##
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|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|
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|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|
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|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|
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