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





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|||||Unrestricted|Restricted|||
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Total Funds|Total Funds|
||||Notes|2022|2022|2022|2021|
|||||K|E||f|
|Income||||||||
|Donations<br>and legacies||||465,668|487,856|953,524|1,320,234|
|Charitable<br>activities||||1,820,889|19,478|1,840,367|1,837,160|
|Other trading<br>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<br>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<br>Consolidation||on||167,180||167,180|(44,938)|
|Net movement<br>in|funds|||(267,773)||(267,773)|494,455|
|Reconciliation<br>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<br>by operating<br>activities|||172,558|1,136,959|
|Cash flows from investing|activities||||
|Purchase of property,<br>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<br>ofloans|||(366,667)|(200,000)|
|Interest paid|||(58,874)|(7,145)|
|Net cash used in financing|activities||(425,541)|(207,145)|
|Change<br>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|





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|Analysis|of inc|ome|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||2022f|2022<br>f|2022|2021<br>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<br>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<br>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<br>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|





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|||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<br>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|



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||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|



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||||||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<br>in stock|||||(13,600)|(13,963)|
|(Increase) Idecrease||in debtors|||(58,275)|178,512|
|Increase<br>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|





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|||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<br>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|



## 



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





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|||Group||Charity||
|---|---|---|---|---|---|
|||2022|2021f|2022<br>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<br>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|





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



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|||||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|



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





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|||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|





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||||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|



## 



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|Analysis of net assets between<br>Analysis of net assets between|funds<br> funds - current year||||
|---|---|---|---|---|
|||Restricted|Unrestricted|Total|
|||funds|funds|funds|
|||2022f|2022<br>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|



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