Natlonal Oceanography Centre ANNUAL REPORT & FINANCIA STATEMENYS=:'- 2023124 FOR THEYEAR ENDED3OSEPTEM8Ef12024 REGISTEREDNUMOE*I1444362 CHARITYNLIMBERS1185215&SC049ts96
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CHAIN REACTION STORY SPOTIIGHT Qur$clentl¥t5dlscovered&chulTrol¢vent$thalleadlo hottèrand drlerÉuropean summ•rts, &ugg•Étlng that Euiopeansumrnerweathercanbqprodktedmonthsor e4enyearslnadvan¢.Th¢p4pEfiwblishddlnWéather andeiimal•Dynaml¢B.propogosthatffli4¥•terlnthe NorthAlSanllcartsacha140f events Irino sea Ic8and glaclal Ice are a grcwing sour¢eol meli, rhe sludysuggestsrhat luropean heatwave5 and drou9htswill berorno morr Ir¢uucni and Inlo?so In fvtur&.Thewarming overEuropeaflersiroDg Ire$hw4ier already haDppning b6causeol climalechange. by causing weather patternsto shlti. Thc Itsearch lindinnt demonslr?lè the impi)rtanc6 of octanobservatlon$.toengureclimate modclscapluica11 phy51¢uI pio¢css¢s iequiied lo makeaccuraioweaihÉr prèdiCtlons.Thlssludy Isa3tepforw£rd lorimprovlDg molel>. 4vhich willenable Indu¢triesand stakeholder In plan3hp3dfor spècilitwtrath8rcondiiions. such a5 wthdiciingfuel tssaGe,andbroclng lorflootsing¢venLs. 14TKMuioeEthOGR•Th¥CEMWEANTrIREPoftI FifwKL4LSTATEMENTS23-24
he locatton and strengthof meltwat•roccurrences i the North Atlant1¢ In wlnter providevaluable ¢lu8s about the locatlon,strength and characterof Europ•anwèath•r allomae1nthe5Ut1seqUentsumThr&. AMEllA9LIMANNs LEADAurHoft*rwwHseivirtsT .-U75. 72 4.416 , 81.446_-21.520r,, PIECES OF MEDIA COVERAGE NEWSSTORIES PUBLISHEDON OUR WEBSITE OCEAN NEWS EMAIL SUBSCRIBERS TOTALSQCIAL MEDIAAUDIENCE ENGAGEMENT RATE IREWR¥.STEREp0ArINC.TrF&T1l¢rwT 05
UNLOCK THE OCEAN'S CARBON SECRETS STORY SPOTLIGHT robmartMorganlsmspKTyln5loiinBc4ibuninlhPL. ThDatudy.P&iilollhc<ThmhltiausRK).CiirhTrnpiuBraiDme.Iufthty IheTridlul4l&nYiiolAniP¢¥È¢heQUn¢141yRc1Wld9l•rLhJftO nderST•ndlDgnecJrvtOmakvr0J8t ptodiclloTrllforhDWDCVBn +xyditiononNOC¥RRSDIS¢Dv¢ry.aod awhol8s&asonalcycl•wiihSam1acr0B1tNèMOstkn1¢1O9¢¢11ty ctlve8eEyon$. Operaled by0World-1e#dlDmQlQ.1. lnanyuÉwp9obY NOQ9atheriTrg ciiticalOalior6K)-Caitstsn resoarch&ndbeyund, 06 tl4TK*IOCEthO9HyeENrREANNULREPORTFlHANLlNL$lATE11TS2S4
°Despite the oreart's important role In storing ¢arbon and r•du¢ing the effects of cUmat8 change. we stlll lack baslc knowledge of how morlna IEfohelps gtore cart)on In th de¢p ocean. -N In PARTITRICS, we are Investigating howorganlsms living inthe ocean¥twilight zone produce and recycle carbon. and what that meansfor long-term carbon storag& Thls workwlll allow ..:., developm•nt ot impr¢)ved models to make bettor predlctlons ofthefeedbacks betwe ongolng elimate Chango and biological carbon storage.. FROFESSOASTEPHANIEHEN¥OM mlALIXEAIIDWMcEfiJpE AODRESSINaCRITICALCLW4TECHALLeNGES sentt5nQ¥¥thmTkn•9iIJm$ItyIeIcé1stQrfDg ENABLEDV4Ycu1NG-EDSETECNN0L0Qy Adttlt4onalty.p jLTlntBIO-CarbtsnandFMFtlmi85sonsawth•uMoI twoautonomOuSv•nKi•s.R•lTrd ALR6.bttt¢rktyQfièS'Qoaty NlcBo&iil,ot•vlpPPNh5uIIeCUt1M9-•d9•m7W•lQ •Iy6•ih• biologyindctremi51rVQtthow•n.Thoson5015.m4nyDf WhlcharvdoyvlppodbvDtoÉÈan10chn0JqYand£0n•floi9m 4tNoC.h4OrQV)•ath•CnIl1•WtrhUhvrC¢ty¢todllrnonlSo1 cr4utytiwitstthknp8¢t¢iwÈnlLt1changesinblo1wicalpioGey5es. TNsroUldbind¢f preokv0nsollh•oc•inSr•lAYUlUreetsDTr sty)tromr4Ct, 1$9ainin9èDoiiei untrèFstandfiglllPrtW¢d)male r¥rtyondiQ¥iaèoyus1n9l1nl¢C4rOtsnUsSDUlCQOfDorry¥.1na enginfj8T5havedepluyedtwvALRsbimvllMnBuu%l¥tul Ugethissrt. yob01nehOvjC4rbn1Th1e4dOrCI3MI3cnued51I ctsl ktalrethydriftingrnini kboraiuiyiwhithquantilltdtH+Mteat dkelOOu6toidictioDi lofhowoeeanlccArooThyiyroBofflllydllp' D%EcTWAMtrTWEER1N&THE5TRATEGREtsRT
hanges in thoAr¢ticenvlronment are already affe¢ting our planet Includlng theUK.through sea-level rise. changesto ourcllmateand weather patterns. and threatsto our shared blodlversltyand Blue Economy. Opportunitiesforcollaborattve dlscu$slonssuch thos¢ in GreenlarKI thlssummertotackle prlority marfne itsncechallenges Inthe Arcti¢ are more Importantthan ever.. S4FE JAMES COOK LQNDOII NILTJONALVLEANQGWPIY¢BIIHEANNUALREporf&FINANOOLSTATEWTS2>24
A SUMMER OF ARCTIC EMGAGEMENT -¥ STORY SP.OILIGHT Thlssumm¥[rnthedlln•1trar¢ih3tySUJÉOTrtstClèbOts0nnd4n91qffint NEXTSTOPREYXJAVIK RRSlim&coDkthenemb&Ldfirn¢SCxpedl1kln[roMore?nndt RÈk4tadKklÈkhgoifayearofInlenvpstdytItwan•und•r¢OITr• Q1h(¥mtrrb9nl1$t•dbYth?bl0IC11<•tbopUffiPInth¢Latrd0r5Oll. Iwt•r•Q aiplomatkr•Mllon4hlva¢rp¥iihpr•glon.ThTvuuhOUi0k)bAl¢l rt5Pat¢hw$5¢1$,IhoPRSDlscaveryandRR5JamesCook.WgBng4gedv41th Gi••nbnd,•h8udof8mbitlDUSiP5purrh¢IpEdilHJns. ShWrattNUuKihthotsum1or202S.Thvre1UrnsWlprlvVll4rel OpPDrtunttyfurUK-Gre¢nnt¢l[tratI0n,baftrd0a5artdDlld¢Ikn1 dtsduiinithisvisrt. tsrgaryl#ed4ndsupwriettbytne BritishEMbYd Br1tlshAMba3WI• Wdc0Tnwbys7p1a18tftWDt1 Mar.&yal1dlh1itIBhAMbd5saOI.1& FM15T deL>ioylllgaUtoThoMouSttthno4)gieslThclud4nuAroDfiDs15.undcrwalcTolfjt5 Mod.11ilIg0Ui undèr61andingorhotn•worldwlll rpspartdtOclimÉTe ChaThW.RepieseniullyÈ.sliomthtrUK'sRoyiiiflL.ucfAr1W¢Ivdl5tsOob0Ald RRSJAMESCOOKINNUUK InAugU5l&kntsIs1#èlBiltlefvEmb$¥IThDInmArk.W00Ptngdliu1ie¥OlrtTh elRRSJam•y¢ookiOlheGr•ennd1epubINdScIF¢0commvI1Y IngasltsplnNuuk.AppioNlmit•fy1EQYls#LYswor•w•ktsmdby¢•win JllmqsGwlnnellBnd¢rwtOeAt4oi¢thts¥osÉd. IN5PIRINGYHet4EXTQENERATION Ernknsyolnclg15touTDdIhD#bbal¢L4ssrseafch$eIad1DI[Dvd4I1¢iJ11h• 016¢u5Sing O¢•11n¢erO6GreeIndnd1lgY0¢I41M00t¢¢ mbas6ylnCopDnhag•h.IhGrteniandic$cnCtCommUnlty.anole GovrrDmentufGrecnlaDd.tOfV5inryOnU¥-Giprnllr Thd5r1rnr.ll1rlltft. ReE6archelsxphrOdn trppLun1Il¢SI0i iatklln9 matin•sGienc• ¢hiIlqrtÈi.bl#hQnt5ffiVjynef?l¢s4ndn0yèi5esOTNocoldIfO1rns. tkrartsWmhCIIcMrnVnI1lv1. MmuniiiesanJ¢te¥C1erct•CQywsteM5knegalry.PVLjh*W4ylOr
hls Is agreat opportunltyto add value to an ex5stlng (Jataset. SPLASH bullds on a previous wave overtopping project CreamT. Itwill use the observatlons made available through the British Oceanographl¢ Data Centre IBODCI to develop Ma¢hlne LearnSng tools. At the same time satelllte Image analysis le¢hniques will be developed to d•monstrate how different sources otcoa5tal observations ean becombined to better understsndvarlablllty In coastal wave hazard." HARNESSING DIGITAL TWIN TECHNOLOGY STONY SPDTllaMT DRJENNYBROWM SPLASqPROIECT.COA5TALQCEAWGTrAPHe NATIVN&(tsAIKlPHYcE1l•A£ h•WI 10 PUTKNUQCEANoopAPHyCMREANuALREP0RT&F1NAM(lAL$TATE&1TSz344
hls project wlll develop adlgital twin to optimise oc?an glider obstrrvalions to maximise their impact on oceanographlc research and ocean models whlch underpln NERC research priorities and weather forecasts. The demonstratordlgltal twln wlll Comblne Earth Observations with sub-5urfac• oe8an glider data and operational ocean models. The resultlnglour-dlmenslonal picture. which will be presented within a user interface, allowing scientists to plan ocean gllderobservatlonsto maxlml$e utllity.Thisf8edback between 5cl8ntlsts. Earth Observation data and gllder operatlons In near real-tlme wlll maxlmlsts the value ol the observations collected and their impact on ocean lorecastlng along wlth NERC research." DRIUSTVCK -rIOI£¢r.PH1IPALftQBDTlENKER NAT14L0telN0aHApMYcE1TNE DIIRrnS'WTRU5tEEWREpaRYINC ThEs[RATEGREO
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COMSOIIDATEII BaLANCE SHEET AT30SÉPTEMBER2024 COMPANYNUMBER..11444362 NOTE 2024 IDtaDgibi¢assets Tangi83sS@tS Itwastments 16.855 .411 YotyJFlxthlA8a•ts 55 IV19 4.000 S53 stock Debt¢rS 13.630 6,528 13,527 33.347 C&5h&tbankandlnha T•knJ¢wr•MAg¢¢ts Cr?Oitriramort%tallIla1u0w1thIn on¢yo•r [33,5) F¥nd uestrict 19.?SO 2.463 10.133 1550 7.074 R&strlctédfixedasset Totslfvnd 46 Thetlndn¢lalSratmIW0rapprOvéQ1ndaUtho1QdtO[lssbyth0Trt0ÉYadsiwed olltheirbEh&llby. SIRIEREMYDARROCH CHAIROFÈOAftDOFfAlJmÉS 2QDECEMBER21124 (X)TrW)LK)ATEp&¢NpmiYBf2sNE£rSAT305EWtEmBE2
CNARITY BALAIICE SMEET AT305EPTEM8ER2tr23 COMPANYNUIABETr.11444352 NOTE 2024 2024 2023 FSxedBswts Tanglbliussets Invvstrnts 16.655 TIWFlx•dAsttts Investments 10 &OOD 566 $53 1&457 32.661 c8shatbankajllhad 25.949 .98B Crètritors.#m¢vn'.gtalllnoougWtthlThongy¢Ar .4691 N•tcurrMEuM 32.T14 19,578 .463 10.133 17,787 2550 Restrictedfixeda55et 7D74 22,T14 2YA11 Asp$rmitt•d byS4084fth¢¢ompaThrtSA¢t20o9.tcartyh>$ftatPrÈtÈ1 ItSd%¥n iTrttsmÉ&DdayndituiÉaettount&nd le&Ted note&Tkchaift£suiolu5foitn¢yearwas£4,76Q023.sJiplus£204KI. Thehn4n¢ialStst$mtThta¥fftÈpprO¥ÈdandiuthorisedloriS5ue bytMTiuSteBSOnand signÈdonthth[behlby.' SVJEREMYDARROCH 20DE¢EMeiRW24 82 ANONALOCEAIKRAPHYCEMrREANNREPoRTaFlNM4CsT1TEKfNTs3>24
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IComEFR0mDONTb)N5NtsLEttAt1S Etb TOTAL FUNDS FVNDS FUNDS FUNDS 2024 20%4 2022 Olh8rdonAtiOllS 83 lJKR1ERCgrat 21149 8,819 11x7 26.709 124 4268 4YJ 54,124 50.82S 10,YEI 14,047 1.150 1.375 11892 TDt•lQrnn 7,OOB 2111C¢MEFROMTRADINGAcnvrriES TOTAL TOTAL FUND5 FUNDS FIINDS FiFND5 2024 2024 2024 2023 1.300 19 386 Dlsbursements 1267 hlainten4nceand repairsin¢om• 1.9 60 Othertrading iA¢omg 41 T•tsiothorTrWnybbcom• 4,242 Tn IAOThERIKOME TOTAL YOTAL FUN08 FUNDS AJNDS FUNDS 2024 2024 other&Dnations 88 L4TIoNALOCEANLNApAyrE[REANNvPREQRTaNA¢1AL8T1YEmEM1234I
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AklNE POOL EQUIPMENT &FrrriNGS EQUIPMENT MACHINERY VEHICLES TOTAL ¢toryC At1 O¢tobèr2023 11.322 47 .441 1AOO 291 34.5fT 11.420) (3,MS> At30swr2O24 13.Tr2 47 0•w•c Atl Octoty&rW23 5.2 1.6V2 0.023) Iy8 889 1,611 255 ?0,106 4B96 CharggfoitM8year d15poSa15 9.619 U,12 .3991 t>J&pt•mb•r2tr24 14853 5024 47 21003 At308epternber2024 7.548 2.102 16.65S At305eptenEr2023 6.OST 1.0È3 283 SCIENTFLC AfMIINE POOL FIXTUR¢5 &FfrnNG ¢OMPUT£R qUIPMEI PLANT& PIACMINERY NOTOR VEHICLts TOTAL At10ctobEr2029 Adoltions 18S$1$ 2962 244t 1AOO IB94 a4470 7,88e 13.1451 3,470 (1A201 DtspOS$ IIA691 2¢1.3DB 1,806 25 At10ctober2023 11,&86 29 5,235 1.fft2 l348 20.080 ch98fDIh0Y0Ii 12ypi 12,399) At3DSgptaEnber2Vk4 1.9¥9 Nrtbty•kv4 A130S¢ptrmberQO 6,923 7.548 9.102 sg 16.8 At30September2023 6ts27 6.(Q7 I3 283 14390 OnlNoV8mbèr20tggoodwi113ndmov&aexS$ttr-ty&1fft9lhe piani.wlpm•tstlincru4ln9lTewlpmwt).Ilbrati¥S.s1o¢ks.jnwThiory¥suatssofth&Dpar8Ilon.weret[ansferredto tNpchaiity by¥y&yof2capialhtfIOrn UKRllotalllng£24.646K. NATWOCEANWAPHYWTREAANLL4LREPORT&RNaNCJALyATEIIEN7$2344
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120EklYIJAS GROUP $ROUP eHARfTY CAARryY 2024 9023 Trad0detrrS 9.965 216 1.886 728 Gioupdebtors Propaym•nis Acciu8dlnc 404 1B74 1374 Z77 6,483 7.160 QthqrdebtDrs 13,6fl IICREEfftIRS..AMIXINTSIAILNGDuewThHINONEYEAJt GROVP GRQVP ¢HARrrY 2024 2W 2(Y13 T1e¢1t¢rS 1.181 768 Dv•loktarin8&nd Eupariners P&nsionaccru 857 50¢ialS•QurityaDaothèrtaMe5 242 2228 253 104S 3.039 28.74 3.039 1.968 DaferrédincornqlnDt•141 .9 T4>t•l¢¥•dWw• t4DEFERREDINCOME ROtsP aROUP CHARfTY 2024 2024 At1C¢tobei 32,626 176.6491 72.765 ¥126 Y1.&11 178.486J 73.086 Reaedto1ncorn 17&5901 7ze47 73.802 7.9 D8lsrr¢din¢om¢r$lèt*5t¢grantillCQmÉ.Incluthfflgré£8aTchgrants.whcharor8colvedlnthatKèofsp8LyThCcDnditIOn8be1ngM0t.Thelnc0mejstshOVII$48¢dUnll1tk0SOcn0rnS NATIONALQ¢EANQtsRvTrfrcEinREANNUPIRÈPORf&FINPIKWL¥fATgllENfs2>24
1$FtINr BALANCEAT ANCEAT SOSEPTEPABER SOSEPTEMBER 2023 INCOAryE EXPENDITURE 2024 UnrnslrlEtodfuTrds 1950 urestliCtsdlund9 13,725 148,8851 15A46 17.fj49 9551 Restr¢1 fund 1550 7,074 28.599 7.05 8.8861 (S.g991 1463 Restr¢ IIAed P2.085) LANeEAT ALANCEAT $O$ErnBER egnateduns 3.924 1.950 IYFOI 3.8D4 UNTestrictsdfund5 18.9 46.171 144,2fjQl 1S.T14 48,121 Iwso) 19,Vl8 rdtIdIund1 Re5tli¢teCfn05 1550 7.Cfj4 28,599 8.6861 2463 ftéstrtsfIPs¥otIUthds 7.058 r•¢le#[y1 TtsWfuAd$ 4174 r40TEsTOThEHN4fA4LsrA72Elq7S
15FVNDsi¢oimNUEDI PRIOR Y&4RCOMPARATIV¥FnURES BALANCEl4T 3O$EPTEMÈER 3OSÈPTÉMBÉR 2022 fl¢OME EXPE[[VRE TRANSFERS Unr0strkkIund5 Drat¢dure¥trfG11d. De&9nateQfn(s 3924 O¢ny•lynrestvkt• 15.e22 .556 156.1941 (e,2091 18.725 1&022 1MI R•strf¢t•dfunds 1.139 10213 24587 125.3281 (3,68a 2550 7.U14 Pe51iictsdlixedaellun0$ 52 Yotsltsnds 185,2D BAL•JICEAT &UNCEAT 30SEPTEMBER
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2022 INcE EXPENDrruRE TRANSFERS UnrÈStrfsteétsndS O¢sigDattdfynds 3ts?4 3ts24 Q•nw•lunrutrlGi•& 1&755 57,933 (5¥.56SJ TotDlunr•strfGtsdkn 14765 15¥.600) ff.T87 R•GtYl¢wdlur 1.139 lo.3 5,3261 2200 13S R8Strlct8dfix&dassotfunds 808 7.074 T¢ialr•rtrf¢¢•dfunds A52 12&008) 2.995 Tll 82.778 182XM) NATIU1IoCE•JIOrtYClMEANNuALPEPDRTNAKmLSTATEIE1{fS34
1SIUNDSICOlmNUED> G$nrallJndsar¢ unrestfi¢tsalunthwxich¥èAvalabbforuseatthedixretionolEheTrugtGesinluith4rkhcèoltn&9Inèra[014t1¥s01thèGl0uaWlmth havÈ nolbèndg3ignatsd lor oth¢roufpo5o$. treslwatedfutC0plrse unieytricted fundsttrwth&vebBenseiasldebkin¢Truste¢s1oi parti¢¥l)rpuYpos¢ Th¢alman4us$Dl$#¢1l09$19naEfffilIr¢sgt0ut lThth¢not•stotnn1tt¢ll$ldtemÈnt$. Restrictedkndsarefundswhich aretobeused InaccordancewithswficrpstriCtionsimPOSOdtydDnorsorWhlchVObS8n rais8U bytn&Groupforp8rtlcu18rpurwB.ThOCo%tS0f ralsin9andLdrydnIswiD9sCmIUnd$rgcaigQd49alDsttheSlcIn0. 8tricled ILdsc0Mprl9BDNFship0p8rE11nC0fn.cn8rtr1fjcOAb&WnCèdwmEPCpItÉI p1a£nI. R8Strlct8dfix8dass8tfutSr&fUndSf0rthbs0I0uS80faCQukIthamv8abh¥$&t&of NOConth&1N<>v9Mr20l9adthxpTrdItUr51sIh•sUbsOqfrAttt0PlCI0EnOfth?$jas59tr. 16NET ASSErs FtXED CURR ASSEts INVÉSYMENTS ASSEf5 LBILlEs YOYAL 2024 2024 20 2D24 2024 9.683 41.505 128.742) 15,446 3.804 24 D¢Sluna19dun5trf Réstrktod 2.646 8.390 &5731 Restrtctedflxeuasset n.326 25 10,138 Total NetAssets XEft CURftENT Awfs UABILIT Ci1RrIT A$$ETS WVE%fMENTS TOT 202S 2023 2023 2023 34.7Q9 3.924 123,543,, 13.725 3,924 1550 7.074 09s1gnaigdunrgstrl¢l¢d R¢strkto 3.862 11&023 Restrkted fIxedset 8,0 (9m 166) NOTESW7HEFININLwsfATEklEN7S
EfAsSEfsicoNflÉ Al CVRKrtT ASSEfs UA3LmES TOTAL 2024 2024 2024 £T30 41.153 1804 B.1091 15.774 DeSIgTratedun3trtGt 1&190) 2.463 R$8triCt6dfix+dasa+t 11.2T9 .133 TotalNelAve 1&65S 476 14 FfAED tURR ASSEr$ LMLThIES 21123 2024 2024 2024 G•neIUnr&Str1ct8d 33.993 3,924 18.868 Desion&t4duDrestrt¢ted 3.924 2550 7m4 3,862 ReStrict8&flxed&sset Tot4lN•tA69016 (w&n) GROUP aRQUP CHARrrY 2024 2Q23 .347 5.949 32.6B1 2024 1,418 5.670 1,500 250 bpt¥yeen1andSyvS 98 4TKY•iOcE*IIOfyRY¢ENIREuALEpRT•FINAmCwL$TATEIETs2aQ4
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