2022-12-31-accounts

				Page
Reference and Administrative		Details ofthe Charity,	its Trustees and Advisers
Trustees' Report				2 —15
Independent	Auditor's Report			16-19
Consolidated	Statement of Financial Activities			20
Consolidated	Balance Sheet			21
Company Balance Sheet				22
Consolidated	Cash Flow Statement			23
Notes to the	Financial Statements			24 —38

				Unrestricted	Restricted
				Funds	Funds	Total Funds	Total Funds
			Notes	2022	2022	2022	2021
				K	E		f
Income
Donations and legacies				465,668	487,856	953,524	1,320,234
Charitable activities				1,820,889	19,478	1,840,367	1,837,160
Other trading activities				766,562	45,033	811,595	883,696
Interest							33
Total income				3,053,119	552,367	3,605,486	4,041,123
Expenditure
Raising Funds				815,400		815,400	852,227
Charitable activities				2,672,672	552,367	3,225,039	2,649,503
Total expenditure				3,488,072	552,367	4,040,439	3,501,730
Net (expenditure)	I	income	before
other recognised	gains and			(434,953)		(434,953)	539,393
losses
Exchange differences Consolidation		on		167,180		167,180	(44,938)
Net movement in	funds			(267,773)		(267,773)	494,455
Reconciliation of	funds
Total funds brought	forward			5,711,288	58,379	5,769,667	5,275,212
Total funds carried		forward		5,443,515	58,379	5,501,894	5,769,667

				Group	Group
			Note	2022	2021
					F
Fixed assets
Tangible fixed assets				6,374,181	5,792,632
Current Assets
Stock			11	76,136	62,536
Debtors: due within	one year		12	344,272	285,997
Cash at bank and	in	hand		303,012	1,438,078
				723,420	1,786,611
Creditors: amounts		falling due within one year	13	(1,195,707)	(1,209,576)
Net current (liabilities) Iassets				(472,287)	577,035
Total assets less	current liabilities			5,901,894	6,369,667
Creditors: Amounts		falling due after one year	14	(400,000)	(600,000)
Net Assets				5,501,894	5,769,667
Charity funds
General funds			18	5,443,515	5,711,288
Restricted funds			18	58,379	58,379
Total Reserves				5,501,894	5,769,667

				Charity	Charity
			Note	2022	2021
				F	F
Fixed assets
Tangible fixed assets			9	252,081	249,226
Investments			10	3,575	3,575
				255,656	252,801
Current Assets
Stock			11	10,160	15,589
Debtors: due within	one year		12	850,336	312,040
Debtors: due more	than one year		12	3,788,530	2,922,771
Cash at bank and	in	hand		128,178	1,145,459
				4,777,204	4,395,859
Creditors: amounts		falling due within one year		(770,129)	(942,301)
Net current assets				4,007,075	3,453,558
Total assets less	current liabilities			4,262,731	3,706,359
Creditors: Amounts		falling due after one year	14	(400,000)	(600,000)
Net Assets				3,862,731	3,106,359
Charity funds
General funds			18	3,804,352	3,047,980
Restricted funds			18	58,379	58,379
Total Reserves				3,862,731	3,106,359

			2022	2021
				E
Cash flows from operating	activities
Net cash provided by operating activities			172,558	1,136,959
Cash flows from investing	activities
Purchase of property, plant	and equipment		(882,083)	(432,541)
Interest received				33
Net cash used in financing	activities		(882,083)	(432,508)
Cash flows from financing	activities
Repayment ofloans			(366,667)	(200,000)
Interest paid			(58,874)	(7,145)
Net cash used in financing	activities		(425,541)	(207,145)
Change in cash and cash	equivalents	in the year	(1,135,066)	497,306
Cash and cash equivalents	brought forward		1,438,078	940,772
Cash and cash equivalents	carried forward		303,012	1,438,078

Analysis	of inc	ome
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022f	2022 f	2022	2021 f
Voluntary	Income
Donations	and legacies		294,912	480,504	775,416	1,037,690
Charitable	activities		1,820,889	19,478	1,840,367	1,837,160
Other trading activities			766,562	45,033	811,595	8831696
			2,882,363	545,015	3,427,378	3,758,546
Corporate	donations
Corporate	donations	from third parties	56,309	7,352	63,661	73,602
			56,309	7,352	63,661	73,602
GIR in kind	and donated services		114,447		114,447	93,298
Government	Grants					115&643
Interest received						33
			3,053,119	552,367	3,605,486	4,041,122

		Unrestricted	Restricted	Support
		Funds	Funds	Costs	Total	Total
		2022f	2022 F	2022f	2022f	2021
Raising	Funds	71,394		23,154	94,548	95,054
Trading	Activities	677,842		43,010	720,852	757,173
		749,236		66,164	815,400	852,227
Charitable Activities
Cornish	Seal Sanctuary	960,257	226,022	70,141	1,256,420	1,147,797
Beluga	Whale Sanctuary	1,497,173	325,645	120,525	1,943,343	1,492,534
Grants	&Campaigns	14,893	700	9,683	25,276	9,172
		3,221,559	552,367	266,513	4,040,439	3,501,730

		Costs of	Charitable	Charitable	Activities
		Generating	Cornish Seal	Beluga	Whale	Grants and
		Voluntary	Sanctuary	Sanctuary		Campaigns	Total	Total
		2022	2022		2022	2022	2022	2021
		E	f			E	E	F
Salaries and	wages	45,373	49,123		62,052	7,196	163,744	126,091
Professional	fees	2,816	3,113		1,482		7,411	50,893
Operational costs		2,721	2,623		3,886	486	9,716	57,539
Inform ation technology		8	8		12	2	30	128
Travel		2,512	2,423		3,589	449	8,973	7,899
Governance		6,268	6,044		8,954	1,119	22,385	25,685
Legal and accountancy		4,055	4,482		37,105		45,642	32,922
Bank charges		2,411	2,325		3,445	431	8,612	23,922
Total		66,164	70,141	120,525		9,683	266„513	325,081

	2022	2021
		E
Wages and salaries	1,493,213	1,327,348
Social security costs	98,855	54,643
Other pension costs	89,038	21,347
	1,681,106	1,403,338

					2022f	2021f
Net (deficit) Isurplus		for the	year		(267,773)	494,455
Depreciation					434,438	295,530
Loss on disposal	offixed assets				15,813
Increase in stock					(13,600)	(13,963)
(Increase) Idecrease		in debtors			(58,275)	178,512
Increase in creditors					152,798	78,466
Foreign currency	retranslations				(149,718)	96,847
Interest paid					58,874	7,145
Interest received						(33)
Net cash (used)	Igenerated		from operating	activities	172,558	1,136,959

		Restated
		construction	Long		Restated
		ofBeluga	leasehold	Fixtures,	Assets in the
		Whale	land 8	fittings 8	course of
Group		Sanctuary	building	equipment	construction	Total
		K		F	E	K
Cost
At 25 December	2021	6,114,959	19,269	356,273	236,378	6,726,879
Additions				52,523	829,560	882,083
Disposals			(4,322)	(13,305)		(17,627)
Transfers		13,145	18,876	75,245	(107,266)
Exchange adjustments		39,272		118,497	8,219	165,988
At 31December	2022	6,167,376	33,823	589,233	966,891	7,757,323
Depreciation
At 25 December	2021	780,146	5,067	149,035		934,248
Charge for year		313,815	4,824	115,799		434,438
Depreciation on	disposal		(134)	(1,680)		(1,814)
Exchange adjustments		19,435		(3,165)		16,270
At 31 December	2022	1,113,396	9,757	259,989		1,383,142
Net book value
At 31December	2022	5,053,980	24,066	329,244	966,891	6,374,181
At 25 December	2021	5,334,813	14,202	207,238	236,378	5,792,631

Tangible fixed assets (continued	)
	Long		Assets in
	leasehold	Fixtures,	the course
	land 8	fittings 8	of
Charity	building	equipment	construction	Total
		F
Cost
At 25December 2021	19,269	327,789	42,320	389,378
Additions		36,776	38,159	74,935
Disposals	(4,322)	(12,854)		(17,176)
Transfers	18,876	45,453	(64,329)
At 31December 2022	33,823	397,164	16,150	447,137
Depreciation
At 25 December 2021	5,067	135,085		140,152
Charge for year	4,824	51,723		56,547
Depreciation on disposal	(134)	(1,509)		(1,643)
At 31 December 2022	9,757	185,299		195,056
Net book value
At 31December 2022	24,066	211,865	16,150	252,081
At 25December 2021	14,202	192,704	42,320	249,226

10.	Fixed asset investments -Charity	Fixed asset investments -Charity	Fixed asset investments -Charity
							Subsidiary
	Cost						companiesf
	At 25 December 2021 and 31 December 2022						3,575
	The company has an investment		in 3(2021:3)subsidiary		undertakings.
						Proportion	ofissued
	Subsidiary			Country ofIncorporation		ordinary shares held
	The Beluga Building Company	ehf		Iceland			1PP%
	CEgisgata 2 900Vestmannaeyjar
	Company number: 4612171680
	The Beluga Operating Company		ehf	Iceland			1PP%
	CEgisgata 2 900Vestmannaeyjar
	Company number: 6202181700
	SLTSanctuary Trading Limited			England			1PP%
	Company number: 11160544

		Group		Charity
		2022	2021f	2022f	2021f
Retail		61,175	42,108
Food	8 beverage	4,800	4,839
Guide	books	551	3,477	551	3,477
Other	stock	9,610	12,112	9,609	12,112
		76,136	62,536	10,160	15,589

		Group		Charity
		2022	2021f	2022 F	2021
Trade debtors		173,674	45,261	163,579	28,117
Amount owed	by group and associated			580,957	139,427
undertakings
Other debtors		5,826	4,806	1,976	72
Prepayments	and accrued income	110,679	128,023	94,121	127,798
Taxation and	social security	54,093	107,907	9,703	16,626
		344,272	285,997	850,336	312,040

	Group		Charity
	2022	2021	2022	2021
	E			f.
Amount owed by group and associated undertaking			3,788,530	2,922,771

	Group		Charity
	2022	2021	2022	2021
	E
Bank loans	233,333	400,000	233,333	400,000
Trade creditors	511,125	397,872	266,897	212,705
Other creditors	29,225	71,553	8,772	9,962
Taxation and social security	9,568
Accruals and deferred income	412,456	340,151	261,127	319,634
	1,195,707	1,209,576	770,129	942,301

		Group		Charity
		2022	2021	2022	2021
			K		K
Bank	loans	400,000	600,000	400,000	600,000

				2022	2021
				E	E
Amounts	falling	due	within one year	233,333	400,000
Amounts	falling	due	1 - 2years	400,000	400,000
Amounts	falling	due	2 - 5years		200,000
				633,333	1,000,000

			Restated
		2022	2021
			E
Auditors	remuneration	26,882	25,685
		26,882	25,685

		Brought	Income	Resources	Carried
		forward	resources	expended	forward
Group		F		E
Unrestricted	funds
General fund		6,527,180	3,053,119	(3,488,072)	6,092,227
Exchange translation		(815,892)		167,180	(648,712)
		5,711,288	3,053,119	(3,320,892)	5,443,515
Restricted Funds
Beluga Whale Sanctuary			325,645	(325,645)
Cornish Seal	Sanctuary		226,022	(226,022)
Olive Ridley		58,379			58,379
Ocean Litter Projects
Beaver Sanctuary			700	(700)
		58,379	552,367	(552,367)	58,379
Total Funds		5,769,667	3,605,486	(3,873,259)	5,501,894

			Brought	Income	Resources	Carried
			forward	resources	expended	forward
Charity				E
Unrestricted		Funds
General	Fund		3,047,980	2,080,019	(1,323,647)	3,804,352
			3,047,980	2,080,019	(1,323,647)	3,804,352
Restricted Funds
Beluga	Whale Sanctuary			325,645	(325,645)
Cornish	Seal	Sanctuary		226,022	(226,022)
Olive Ridley			58,379			58,379
Ocean	Litter Projects
Beaver	Sanctuary			700	(700)
			58,379	552,367	(552,367)	58,379
Total Funds			3,106,359	2,632,386	(1,876,014)	3,862,731

Analysis of net assets between Analysis of net assets between	funds funds - current year
		Restricted	Unrestricted	Total
		funds	funds	funds
		2022f	2022 E	2022f
Tangible fixed assets			6,374,181	6,374,181
Current assets		58,379	665,041	723,420
Creditors: due within one year			(1,195,707)	(1,195,707)
Creditors: due in more than one year			(400,000)	(400,000)
Total		58,379	5,443,515	5,501,894
Analysis of net assets between	funds - prior year
		Restricted	Unrestricted	Total
		funds	funds	funds
		2021	2021	2021
			f:
Tangible fixed assets			5,792,632	5,792,632
Current assets		58,379	1,728,232	1,786,611
Creditors: due within one year			(1,209,576)	(1,209,576)
Creditors: due in more than one year			(600,000)	(600,000)
		58,379	5,711,288	5,769,667