OUR ONLY WORLD
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED
30 JUNE 2023
| CONTENTS Trustees Report Independent Examiners Report Income and Expenditure Account Notes to the Accounts |
PAGE 1 2 3 4 |
|---|---|
Trustees Mark Robinson (Chair) Christina Robinson (Treasurer) Kathy Alford (Trustee) Elizabeth Boon (Trustee) Janet Deane (Trustee)
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OUR ONLY WORLD
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30[th] June 2023
Our Only World first started their activities in July 2018. We became a Registered Charity in February 2019. Registered No. 1182056.
Our main aim is to promote marine conservation, specifically reducing marine plastic pollution. We have had a successful year with our four projects.
Our song project suffered from the COVID-19 lockdown as it would prohibit primary school children, singing and dancing together. Guernsey was free from lockdown and so most of the production moved there. Video taken from local schools remain as part of the project. This year we travelled to Guernsey together with David Smart, who wrote the song, to launch the completed video and song. It is now available on YouTube.
Our water refill station has progressed, we installed 9 units around Cornwall this financial year. We hope to attract customers from further afield and are helped by being listed by Sea-Changers as an approved supplier. They offer customers grants toward the cost of the unit. We continue working with local designers, plumbing, roto moulders and steel engineering companies. Our Cornwall Council grant has come to an end, but we were successful with the Enterprise Development Fund of £30,000. This will fund the development, and marketing, of two new prototypes for the Aqua taps.
Our Harbour walls project was inspired by Living Sea Walls Australia. The main aim of this project is to increase marine biodiversity. The first site at Plymouth has been installed in August 2023 and we are collaborating with Mevagissey, Newquay and Falmouth for installations in the next financial year.
The children’s book is designed to educate on the issue of plastic pollution. The unique selling point is it is ‘written by children for children’. We have donated books to schools and The Literacy Trust.
Looking forward, our overheads are increasing as we are growing. We are incurring greater costs for website and social media. Despite this, we aim to fund other marine conservation projects in the future.
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| OUR ONLY WORLD | |||||||
|---|---|---|---|---|---|---|---|
| INCOME AND EXPENDITURE ACCOUNT | |||||||
| FOR THE YEAR ENDED 30 JUNE 2023 | |||||||
| 30/06/2023 | 30/06/2022 | ||||||
| £ | £ | ||||||
| GRANTS AND DONATIONS | |||||||
| Cornwall Council : Aquataps | 1 | 33,858 | 8,492 | ||||
| seAlive tiles | 2 | 27,500 | 15,000 | ||||
| Enterprise Development fund | 3 | 26,900 | - | ||||
| Donations | 4 | 8,786 | 2,000 | ||||
| 97,044 | 25,492 | ||||||
| INCOME | |||||||
| Sale of Books | 5 | 1,288 | - | ||||
| HMRC - Gift Aid | 6 | 644 | - | ||||
| Sale of Aquataps | 7 | 12,192 | 11,389 | ||||
| TOTAL RECEIPTS | 111,168 | 36,881 | |||||
| PROJECT EXPENSES | |||||||
| Aquataps | 8 | 80,366 | 24,627 | ||||
| Web site/social media | 9 | 9,344 | 900 | ||||
| Songexpenses | 10 | 5,283 | 936 | ||||
| seAlive tiles | 11 | 4,886 | 4,999 | ||||
| Aquataps - specific sites | 12 | 4,389 | - | ||||
| Miscellaneous | 13 | 2,600 | 223 | ||||
| Childrens book | 14 | 1,772 | 822 | ||||
| Grants awarded | 15 | 1,450 | - | ||||
| Insurance | 783 | 577 | |||||
| TOTAL PAYMENTS | 110,874 | 33,084 | |||||
| Net Income | 294 | 3,797 | |||||
| Represented by | |||||||
| Balance at bank at 30th June 2022 | 43,278 | 39,480 | |||||
| Net Income | 294 | 3,797 | |||||
| Creditor - OutstandingLoan | 12,000 | ||||||
| Balance at bank at 30th June 2023 | 55,572 | 43,277 | |||||
| Restricted funds | |||||||
| seAlive tiles | 32,615 | 10,001 | |||||
| Aqua tap | 5,316 | 7,905 | |||||
| Song | 2,070 | 7,353 | |||||
| 40,001 | 25,259 | ||||||
| Unrestricted Funds | |||||||
| Loan | 16 | 12,000 | - | ||||
| Unrestricted funds | 3,571 | 18,019 | |||||
| Total funds at 30/6/23 | 17 | 55,572 | 43,278 |
The Notes to the Accounts on Page 4 form part of these accounts.
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OUR ONLY WORLD
FINANCIAL STATEMENTS FOR THE 12 MONTHS TO 30/6/23
NOTES TO THE ACCOUNTS
These accounts have been prepared on the receipts and payments basis.
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The Cornwall Council grant is to site water refill stations around Cornwall. There is no plan to apply for a similar grant. This has enabled us to site 13 units around the county.
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We have been successful in raising money for seAlive tiles. These are to be installed on harbour walls to increase biodiversity. We plan to install these at Plymouth, Falmouth, Port Isaac and Mevagissey.
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We were successful in securing a grant of £30,000 from the Enterprise Development Fund. We are three quarters of the way through our collaboration to fund the development and marketing of two new prototypes for the Aqua taps. There is £3,100 yet to be received.
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Most of the donations were raised by Lara Vafiadis and her Talisker Whisky Atlantic Challenge. The balance is private donations.
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This is the sale and donations for our Yikesy book.
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This is Gift Aid recovered from private donations.
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We have sold water refill stations to various customers mainly in Cornwall. This is a key element of the charities objectives to reduce single use plastic.
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The total cost of the Aquatap development and manufacture.
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Thanks to the EDP fund we have been able to fund a sub-contractor to help us develop new customer markets, improve our website and marketing,
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10.The amount spent of completing the recording and launching the video and song.
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11.This payment is mainly for Plymouth Harbour for purchase of living sea wall tiles imported from Australia.
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12.We have received donations for specific sites in Cornwall. This is the amount spent of siting two of these- Wadebridge, and Gwennap.
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13.Miscellaneous costs have risen. Thanks, due to the support from the EDP, we have been able to pay for membership to organisations e.g., Federation of Small Business, travel to networking events and pay for a professional photographer to attend the Porthtowan Aquatap opening.
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14.Cost of book purchases. We have donated books to schools and The Literacy Trust.
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We made two donations early in the year to sea grass research and marine life surveys.
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16.This is a private, interest free loan. When we sell more units, we hope to repay this in the next financial year, from the sale of Aquatap units.
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17.The total funds in our bank account £55,572, this including the loan of £12,000.
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