Reglstered Company Number CE019453 (England and Wales)
Regi¥lered Charity Number.. 1186160
Report of the Trustees and
Unaudited Financl81 Statements for the Year Ended 31 Marth 2024
Sea Trust Wale$
Ty Llwyd Llmitad Va Pritchard & Co
Chartered Certified Accountants
16 M8in Street
Fi3hgu8rd
Pembrokeshire
SA85 9HJ

Saa Trust Walos
Contsnts of the flnanclal Statements
for the year endgd 31 March 2024
Page
Report of the Tru$t¢es
Ind•p•ndent Examiners Report
statement of Financial Affalrs
10
st8tements of Assets and Liab￿litIeS
11
Notes to the financial statem¢nls
12-15

Sea Tru51 Wales
Report ofthe Committee of Management
ft)r the year ended 311t March 2024
Page 2
The committee of management presents its report ￿th the financial statements for the charity
for the year ending 31st March 2024.
REFERENCE AND ADMINISTRATIVE INFORMATION
CHAIRPERSON.. Cliff Benson
TRUSTEES
Name. Fran Eggby (Secretary)
Name.. Anthony Lucas
Namè.. Cliff Benson
Name.. Clive Cross
Name.. Marilyn Jenkins {Treasurerl
REGISTERED OFFICE Ocean Lab, The Parrtsj, Goodwick. Pembrokeshire, SA64 OOE
REGISTERED COMPANY NUMBER CE019453 (ENGLAND & WALES)
REGISTERED CHARiff NUMBER 1186160
ACCOUNTANTS Prrt¢haTd & Co., 16 Main Street, Fishguard, Pembrokeshiré, SA65 9HJ
BANKERS Lloyds Bank plc, 7 Victoria Place. Haverfordwesl Pembrokeshire. SA612JX
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity FS a companyllmiled by guarantee and none of the ¢)fficers hold any shares in the
company. A committee of trustees administers the charity. As identified in the constitution the
members of the CIO Shall be its charity trustees for the time being. The onty persons eligible to be
membeis of the CIO are its char￿ty trustees. Membership of the CIO cannot be transferred to anyone
else. Any member and charity trustee who ceases to be a charity trustee automatically ceases to be a
member of the CIO.
Governing document: Sea Tnjst Wales is a Charitable Incorporated Organisation govemed by its
Memorandum anLI Articles of A$S￿l8110n., it is also a registe￿￿ charity with the Charlty
Commissioners.
Trustee selection matttods.. As sel out in the constitution (apart from the first charity trustee$} every
trustee must be appointed for a term of up to four years by a resolutson passed al a properfy
convened meeting of the charity trustee$. New Iruslees undergo an orient8tson session to brief them
as to their legal obligations under charity and company law, the committee and decision-maklng
processe5. the business plan and recent financial performance of the ¢h¥rity-
During the induction period they will meet all employees. trustees and committee members.
Trustees are encouraged to attend èxternal tralning events that will facilitate the undertaking of their
rol8. The board of tru$lees meet regularly and administers the charity.
OBJECTS AND ACTIVITIES
The objects oflhe Charity are as folbws.
1. To advanco thg 9du¢ation for the public benellt In the subjects of marfno and froshwat•r
wlldllfo, marlne gfbvironm•nts and th• physlcal and natural envlronment In goneral and it6
conservatlon.
2. To promote for tho benefft of the publlc, th• con¥ervatlonJ protsGtlon, and Improvement of
the physical and natural environrnent, 8pecmcally but not exclusivety lh¢ Welsh marltlme
frnvlroDment and Its bordering coastllne.

Sea Tlust Wales
Report cf the Committee of Management
for the year ended 31& March 2024
Page 3
2023-24 End of Year Sea Trust Wala8 Chairpernon'• Report
Sea Trust W8les is a marine wildlife conservation Charity based in Pembrokeshiré. Our misslon is to
encourage local people to take care of their marine wildlife. We b81ieve the only way to truly protect
our natural heritage 15 Wrth people power, but people onty protsct whal they care aboul, and they onty
care about what they know or éxperience for themselves.
At Sèa Trust w• are committed to:
Studying, raising awareness and caring for local marirse wikilife. This also involvès the study and need
to be aware of the freshwater environments and their biodiversty that will affect and Influence thg
integrity of our marine environment and bl¢)diversity.
Inspiring the general public to care about their environment by opening their eyes to Ihe stunning
diversity of wildlife and habitats around the Welsh coast.
Engaging with the public, resulting in positive changgs in attitudes and behawours towards the
protection of marine wildlife.
In order to do this, we carry out ground breaking scientific research projects, such as our porpoise
photo-ID surveys and always remain up to date and cUr￿n1 with the latèst ￿search. We carry oul
regular marine mammal surveys by land, small boat and ferry. We also work on projects to limit the
amount of plastic entering our oceans.
We run educational events for schools, community groups and the general public.
Our Sea Mbr Aquarlum at the Ocean Lab, Goodwick, houses Iccal species that emulate a variety of
marine ecosystems, giving visitors a chance to glimpse1rf8 benealh the waves of th8 Irish Sea.
Overvlew Aprfl 23 lo March 24.
We began the year facing several Challenges, with more lo come. Desprte this, the charity managed
to meet the challenges head-on, proving the resilience of the charity, its staff, volunteers, and
trustees.
In April 2023, after an irretrievable breakdown in negotiations with prospective tenants for the cafè
space in Ocean Lab il was agreed that Sea Trust Community Interest Company would run the café as
a subsidiary of the Charity. The Ocean Lab building. including the café space, was closed to the publi
for repairs, cleaning, and redecoration throughoLtt April. After significant hard work from staff, trustees,
and volunteer5, we rtropened in May 2023 with a newly refvrbished shop. aquarium and café. It is the
intention that once investment loarrs necessary to refurbish the café kilch@n a￿ repaid, any proceed5
from the income generated by the café will bè us8d lo support the charity in meeting its objectiV8S.
This works towards our long-term goal of bécom5ng more self-sufficient, and less reliant on grant
funding, which is becoming increasingty compet115ve lo oblain.
In August, after several years of hard work for Sea Trust Wales as Projects Managèr, we were very
d to see Anna Elliott move on lo a role with Pembrokeshire Coast Nabonal Park. Thankfully, she
slill Supports the chartty voluntarity as an advisor. Anna was su¢¢eeded by Holty Dunn {previously
Project Offic8r) until January 2024, when Holly moved on from Sea Trust to a role in Natural
Resources Wales. Holly also continues to support us as a volunteer and advisor. Unfortunately, we
cannot Compete with larger organisalions in temis of wages and career advancement. Although it wa8
a blow to lose senior members of our leam, it highlighted that Sea Trust was eble to provide fvKJ
excellent individuals with the opportunity to develop th8ir skills and expeTEn￿. We wish them both
well in thèir fvjture careers.
In January 2024, Nadia Tomsa {formerly our Education and Outreach Officer) $tepFed up into the role
of Projects Manager. We took the opportullity to restrucbjre the staff team to include more financial
and administrative support. This would allow the charity to ￿nttK)n more efficienlly, 8llowing the
marine biologists to focus on delivering its aims and objectives, whilst gaining expertise In
administration and finance- a￿aS in which Sea Trusl was previously lacking. In September 2023
we took on a part time finance assistant Friederike Schmidt lo help with ￿nagIng the financial side of
the Char-ty. In February 2024, we appointed Sam Cox as our part-time Ch¥rity Administrator, and
Anna Webberley as our part-time Marine Conservation AssistanL Sam ha5 ex￿lIent experience

Sea Trust Wab$
Report of the Committee of Management
for the year ended 31st March 2024
Overvlew Aprll 23 to Mareh 24 Contlnuedl.
working with charities and has already greatly improved Sea Trust's administration, policies. and
general day-to-day running. Anna is a recent graduate who works across a range of Se8 Trust's
pro1￿ and coordinates our education and oulrea¢h. Lloyd Nelmes continues to manage the
Aquarium and is the Project Officer for the Recycle Mor project.
Despite the challenges faced by trustees and staff during these 12 months, we have contlnued with
our projects, largely funded by the gift shop and aquarium proceeds,
As always, we have had oVe￿helmIng support from our many voluntsers. A core Yolunleer group
'The Maint&nance Team., perfomed maintenance and decoration of the building, even supplying
plant displays for the Cafè. The shop team of volunteers, lèd by Cerian, have transformed the gift
shop, making it an important ¢ontribLrtor to our income. Others have worked in maintaining the
Aquarium. allowing us to qualify for a z￿ Licence, Other regular volunteers have continued to
contribute to our Porpoise Photo ID and wildlife sutvey work. We have also worked with numerou5
University pla¢èment students and interns throughout the year, They have made significant
contributions to the work of the chanty and are an Important part of the Sea Trust team.
Currnnt Pro ects
Page 4
Recycle Mor
We continued our Recycle Mor proj8¢t with limited funding. Recycle Mor is a project that aims to
Iransfomi a fishing waste problem into a highty valued resource. This project is led by Project Offi￿r
Lloyd Nelmes. The projecl aims to create a pathway that incentivises a circular economy solution Ihat
benefits both the marine environment and the fishing community. This is achieved by recycling fishing
industry waste such as fishing nets, rope and trawler nets and producin9 high-value products. We
now have 9 bins in harbours around Pembrokeshire, with an extra drop-off point at Ocean Lab.
We retsived £4,192 in Decemb8r 2023 from a Crowdftbnder with match fvnding from the Save Our
Vwld Isles Community Fund, Aviva Employee Giving, Aviva Community Fund, and Solus Employee
Giving. This funding, alongside donations. allowed us to continue running the Recycle Mor project,
¢overing 1 day per week of Lloyd's tlme for collecting and soth'ng the fishing waste, and travel tolfrom
the harbour bins. There is a large community baoking for the Recycle Mor project and we aim to
rther fund and expand the project in the next financial year
FINtastl¢ Fauna
The FINtastic Fauna project was launched in 2022, lo conb'nue our harbour porpoise photo ID
research, contribute to the conservation of Pembrokèshire's marine megafauna, and promote and
ise awareness of marine wildlrfe and conservation in the local community. The project works with
groups of volunteers, trained as citizen s¢ientists to complete wildlife surveys, and has a large public
outreach element with school vislts and community talks. This project not only allows for ground-
brsaking 5C16nlific rese8rch, which will aid with future conservation decisions and developm&nts, but it
also brings it down lo a basic level, bridging the gap betsveen science and the public. Due to the
community engagement and volunteers associated with the project, we wanted to ensure thè project
continued. Whilst grant funding for this ploi￿t ended in March 2023 and we were unlucky with further
funding application8, we continued the project through the 23-24 financial year with bjnding via our
aquarium and shop proceeds and donats'ons. Wildlife surveys ￿ntinUed with teams of volunteers up
to four times a week, coordinated by our Projects Manager and Volunteer Day Leaders. We continued
to process the photographs and data collected, adding to our catalogue of id8nb.fied Harbour
porpoises- now rn0￿ than 200 individuals. This research is vital in exploring Pembrokeshire's
cet8cean populations, and we aim to continue the project going fofward.
Ocoan Lab Aquarium
The Ocean Lab has a small catcfvand-release aquarium, open to the public for most of the year.
Ocean Lab also acts as a Visitor Centre where people can ask questions about local wildlife and the
local ar8a, and report animals in distress. The Sea Mor Aquarium is home to a variety of local manne
creatures, representing the diversty of life found in Welsh waters. The aquarium allows ¢lose-UP

Sea Twst Wales
Report of the Committee of Management
for the year ended 318t March 2024
Ocean Lab Aquarlum (¢ontinuedl.
views of the animals possibty only glimpsed in their natural environment. The guided lour. provided by
Sea Trust marine biologists, is packed full of fun facts and is a chance for Sea Trust to highlight the
dangers that our marine environment kns and also educate people on how they can help lo prote¢t
Page S
11 was decided that the aquarium needed a Zoo Licence due to tts growing svze. The expansion of the
aquarium was a slow process, adding a new tank every year or so over the last several years. Due to
the uniqueness of the aquarium being one of only tsvo catch-and-release aquariums in the UK, it has
often been difficuK to deterrnine the relevant licences needed. We decided to apply for a Zoo Li￿nCe
which would provide us with more fiJnding opportunities. official vet inspection5 and help, and ac¢ess
to extra qualifications. Importantty, the licence will also allow us to expand the aquarium, providing us
with more income opportunrties and the ability lo educate thé public on a wider selection of local
marine species, aiding in our ¢harity'S alm ol raislng awareness of Wales, rnarine life through public
education. We were awarded the licence on the 12th of April 2023.
This year we continued to work on èxciting University research projects. We assisted Cambridge
Universty wf(h a researth project that is investigating how the tr'ny sea slug, Elysi8 wiidis. nicknamed
the Solar-powered sea slug, hamess8s energy by stealing cells from the algae that they eat and
incorporating them into their skin which enables them to gain solar energy. Scientists are studying
these amazing creatures lo see how this ability can be mimicked and potentially used in new solar
technology. We have the solar-powered sea slug in a live display as they are o)mmonly found on
Goodwick Sands.
The aquarium hosts school and community groups throughout the year for aquarium tours and
educational workshops. These visits often also include a Seashore Safari - gu￿ed rock pooling on
Gcx)dwick Sands. The sessions directw engage local people and Ghildren with their local marine
wildlife, highlighting conseNation issues and peaking interest in nature from an early age.
In 2023-2024. we had 6262 vlsilors to the aquarium. consisting of both locals and tourists. We had a
fvrtmer 200 visitors trom local schools and cnmmunity groups. The aquarlum rewopened in May 2023
after Wnler refurbishments and remained open until November 2023. Vve then dosed for the Wnter,
before re-opening in the February 2024 school half-term.
Dlscovgr Mor
Discover Mor was a new prqect for this year. running from April 2023- April 2024. The project was
funded by the Waterloo Foundation and the National Lottery Community Fund1£25,000 and £10,000
respe¢tivetyl. The environmentsl education project achieved its aims of working with local people and
schools to connect people with their marine world, increasing awareness of the amazing diversity of
Pembrokeshire's seas. The project all¢Ned our Education and Outreach Officèr, Nadia Tomsa (now
Projects Manager), to become fUl￿tiMe at Sea Trust.
Duflng the year of the project. wè developed an edUcat￿nal Marine Discovery Room at our bage in
Ocean Lab. expanded our Marine Biology Club. developed a Virtual Reality {VRI experience, and
engaged with numerous local schools and groups- providing a￿SSIble leaming opportunities foi
communities. The Marine Discovery R¢)om was originally a soft play area. This area of Ocean Lab
was no lortger used and had become run down. We started renovating the Discovery Room in April
2023. We were extremely lucky lo have a dedicated team of maintenance volunteers working on the
project. The room was refurbished to includ6 a VR Experience space. a small children's play comer, a
microscope workbench, and STEM-themed displays including an interactive virtual rocksy)oling exhibit
"F￿11 y Mof. The rock pooling exhibit allows visitors lo virtually explore Pernbrokeshire rock pools,
practising their species10 skills and completing surveys. This interactive display increases
accessibility to the rocky shore, allowing people 8 dose-up view of rockpools without the elements
and rocky terrain. Children from Design Technology in Ysgol Bro Gwaun created a matching acbvity
for the wall of the children's comer. The Discovery Room is fre8 to enter at Ocean Lab. The Discovery
Room officially opened in time for the SchiKtrI Summer Holidays in ju￿ 2023. The ￿lority of visitors
to Ocears Lab, especk8lly families, also visited th8 DB¢overy Room. Theretore, we estimate that thè
Discovery Room had a footfall of over 6000 people duiing the proje¢t period.

Sea Trust Wales
Report of the Committee of Management
for the year er)dèd 31# March 2024
Dlscover Mor l¢ontlnuod)
The VR Experlence was developed over the first few months of the project. Filming and productlon of
e VR Experi8n¢e was carried out by JWJT Media. The experience transverses through
Pembrokeshire's underwater wodd. with educational narration of habitats Including rockpools, bays,
and offshore. The VR Experience allows users who wouldn't ordinarity be ab￿ to access the
underwater world to be irnmersed in Pembrokeshire's incredible marine environment. The VR
Experiencè has been used by a large range of ages, from 7-year-olds to 90-yeaT-olds. We found thal
elderly people were cften very excited by the experience, with several commenting that they either
were no longer able to access the 0¢8an or never have. The VR Experience was taken on a school
roadshow as part of our Discover Mor sessions. These sessions were aimed towards Secondary
Schools with groups learning about PeMbrOkeshi￿'s rocky shore and marine environm8nl, using the
VR Experience, and caTryirsg out a virtual rocky shore survey. We engaged with 18 schools and more
than 61)0 children.
Page 6
We continued running our Marine Biology Club and expanded the groups to indude a larger age
range {10-16 year olds) and more participants- another 20 partiGipants over 2 groups, we now have
a lotsl of 45 participants over 3 groups. Marine Biology Club is an after-￿h0o1 group engaging young
people with STEM, UK marine life & habitats, and nature conservation.
We created free educational resources available to download from our website an(J worked on our
social media engagement and had several viral videos over the year. Our Facebook reach during the
project was 436,900 and cur Instagram ￿a¢h was 18,000. One of our videos reached 90,800 views.
with another ￿¥chIng 56,100 views.
Pwll y M()r
We received funding in Janu8ry 2024 to develop Pwll y Mor- an onlin8 citlzen science tool. Pwll y
Mor is available to the public through IiftP'- ilP*l.!IyTgF com., Dr Jon James developed Pwll y Mor in
collaboration with Sea Trust Wsles. Rockpool photomosaics are created with many overlapping
photos of a rockpool, stitched together to form a pemanent high-resolution image. These
photomosaics can then be Lbploaded to the website, allowing the user lo virtualty explore and suNey a
rL)ckpoDI. Species in tne rockpool can ￿ identified and catalogued, using Ihe online suNey tool. This
project continued into the 24-25 financial year, with the project ending in June 2024.
During the project, we achieved our aim tolaunch the user-friendly novel citizen SCIen￿ website and
direGUy engaged the public and loGyl $¢hools with Pernbr0keshi￿'S rccky Sho￿ habitst. As we
advance, F￿11 y M6rfs catalogue of Pembrokeshire rockpool photomosaics will Create scope for fvlure
research projects, determining spe¢ies distribution and habitst changes over time. The lafge amount
of data ¢0118Cted through citizen s¢ience surveys can be used to monitor our rocky Shore. also ran
School and communty workshops to engage the public with the project.
A Gr••ner Ocean Lab
We received £21,407 of funding from the Pembrokeshire Coast National Park SustainabL•
Development Fund ISDF) and £10,000 from Transition Bro Gwaun Community Climate Fund to install
grid-connected PV $018r system on the Ocean Lab roof.
We faced several challenges with finding a solar pan81 installer for the project. due to Ocean Lab's
sloping roof and unusual roof materials. This meant that there were very few solar panel installers
able to ￿Mplete the installation. After deciding to go with a company with a brand-new technology of
stick-on solar modules which would be suitable for the roof material, unfortunately. we then faced
even more barrièrs with the adhesive being unsuitable for our wind*xposed roof. Due to the many
issues throughout the projecl, our funders granted us an extension of the project until January 2025.
We then obtsined a refund of any money provided to the company at the end of March 2024. Thi8
project has continued into the next financial year.
Wam Room Project
We Dperaled a Warm Room upstairs in the Ocean Lab café from 12th December 2023 to the end of
March 2024. We received £1928.97 of funding for this project from the National Grid Community
Matters Fund. For this project. We employed a member of staff (Tanya Rick8rdl for 5 hours every
week to facilitate the warm room.

Sea TnJ$t Wales
Report of the Committee of Management
for the yoar ended 31* March 2024
Warni Room Projoct (continu￿).
The wam room operated every Tuesday betsvaen 11 am and 2 pm. offering a free hol drink and cake
plus discounted hot food to attendees. Thermos fla$ks were given to the first 50 people who attended.
We also offe￿d free garrEs, puules. and a book swap in Ihe wam room space. Guest speakers and
different organisations came every other week to give information, advice and help lo people who
We￿ attending. Organisations included a Community Fuel advicè coordinator, Cwm Arian - Smarter
energy support service, and ? Local Health Board community nutrition practitioner. We identified a
nee(1 in the local area for people who need support and advice on en8rgy efficiency and cost. This
projeGI helped the charity to engage and build relationships with the local and wider communty,
parti¢ul8rly in supporting older and more vulnerable groups. It helped us to identfy specific groups
that needed support and learn where to signpost them for information, rf necessary.
Page 7
Futuro Pro ects
Insplre Mor
The Inspire Mor project would aim to educate local children about the marine environment and wildlife
in Pembrokeshire through our Marine Biology Club and school visit sessions. We want all children to
be able to have access lo the club so they Gan learn about marine wildlife, regardless of income or
background. The club is currently free for 10-14 y8ar olds and we would like to Continue this. We
would additionally likè to be able to offer our 15-16 year old sessions for free too, as these sessions
currently require a fee. We would like lo intrtySu¢e new topics for school visits and expand our work
mole into Secondary schools, as we have often spent lots of time with Primary schools. Wtlh Inspire
Mor, we'd a150 like lo obtain equiprnent such as binoculars, quadrats, naturalist guides, and other
suvvey rnaterials to use with and loan out to our Marine Biology Club attendees. We would also like to
Invrte rnor8 external Speakers and organisalion$ to engage with the club.
Contlnued Pro'octs
Both our A Greener Ocean Lab and Pwll y Mor projects have continued into 24-25. We aim to install
solar panels on Ocean Lab's roof by the extended deadline of January 2025. This will be an incredible
asset to Sea Trust, and a big athievement after a challenging project. The Pwll y Mor prO1￿t will
¢onb'nue to be deveklped, with more workshops, educational school sessions, and website
éevelopmenL
Donatlon8
We receive regular donations vla our Ocean Lab donation boxes, L¢)cal Giving pages, Fa￿book
birthday fvndraisers, events and other fvndrai$ing events. This year we r￿1Ved a total of £38,375.67
onalions.
Volunteors
Wè have a total of 43 volunteers at Sea Trust, across a range of rolés. Wè have a team of 4
volunteers who work on our maintenance team, bringing their excellent skills to rnaintsining and
enhancing Ocean Lab, volunteers who work solely on our Porpoise Photo ID research, volunteers
who work on the front desk or in the aquarium, and volunteers who contribute to several roles wrthin
Soa Trust. We provide training to volunteers and often provide career skills15uch as aquarist
experience) to our young volunteers, allowing them to progre55 their careers. We rely a great deal on
our incredible voluntew8 and would not be able to deliver half of what we do without them.
Interns and Placem?nt Students
Our placement student from Swansea University worked with us until June 2023. We then had tsvo
great interns with us for July and August of 2023. These interns worked with us through the busy
visitor season on aquarium tours, surveys. and projects. In September 2023, we were joined by four
students from a vari•ty of universities on 10-month placements. We pride ourselv&s in working with
range of Univ8rsilies and College5 a¢ro$$ the UK and providing much-needed experience and
opportunities lo the next generation of marine scientists and conservationis15. The placement
students are a huge asset to Sea Trust during their time with us. bringing enthusiasm, and exciting
new proj8¢ts and research ideas.

Sea Trust Wales
Report of the Committee of Management
for the year ended 31 rt March 2024
Summa
Page 8
2023- 2024 was not easy for Sea Trust Wales, but we prevailed, emerying bigger and stronger. We
are improving our income streams and aiming to become less dependent on grant funding, although
we will sts'll be applying for suitable grants to enable our projects to continue and grow. We are
confident that with our ex￿lIent team of staff, interns, placement students, trustees. and volunteers,
our ouUcok is ext￿melY positive, with our team delivering a great deal of C.A.R.E IConseTvation.
Awareness raising, Research and Edu￿tIOn).
cliff Benson
{Chair, Soa TruBt Wale8 CIO

Repprt of trÈ8 Independent Examiner to
The Tiustees of Sea Tru8t Wales
for the ye8r ended 31 March 2024
Page 9
I report on the accounts of Sea Trust Wales for thg year ended 31st March 2024, whlch are sel wl on pages
Ioto 15.
RospKttvo re¥ponslbllltlo8 of trustO08 and exarnlner
The charity's trustees are re8pon8lble ts the preparation of the accounts. The charity's Irustses consider
that an audit Is nol required for thls year under sect¢on 4312) of the Charities Act 1993 Ilhe 1993 Act) and
that an indgpndenl examination is needed.
11 Is my respon$lbllity to..
- exarnine the accounts under ￿tIon 43 of the 1993 Act.,
. to follow the procedu￿5 lald down in the general Directions given by tha Charity Commlsslon under
section 43{7}Ib) of the 1993 Act., and
- to slate whether particular matters have ￿ffle to my attenlion.
8as16 of Indapond•nt ￿lmIn9￿$ rgport
My examlnatlon was carrfed out In accordance w￿h the general Direcllons given by the Charity Commission.
An examlnaUon Includes a review of the accounting records kept by Ihg charity arKt a cornparison of the
accounts presented wllh those re¢ord$. It also includes wnSidera￿On of any unusual items or disclosure5 in
the accounts, and Seeking explanations from you as trustse6 Gonceming any such matters. The procedures
undertaken do not provide all the evidence that would by required in an audit and consequently opinion is
given as lo whether the accounts present a Irue and fair view, and the report Ss limilgd to those matters set
out in the stalemenl below.
Independ8nt •xamlnef8 8tatement
In COnne￿On wrth my examination, no matter has come to my attention..
111 whith gives me reasonable caLtse to bdieve that in any materfal respect the requirements:
- to keep accounllng records in accordance with 8ection 41 of the 1993 Act". and
- to prepare accoLtrnts whlch accord with the accounting record¥ and compty vlth the &counllng
raquiremenls of the 1993 A
hava not been met., or
121 to whlch, In my oplnlon, attentlm Should be drawn In ordgr to enable a proper understanding of
the accounts lo be reoched.
S.J. Daviès B.SclHo
on, FCCA
Chartorgd Cortlfled Accountant
Ty Llwyd Llmitgd tla Prltchard & Co
16 Maln Street
Fishguard
Pgrnbrokeshlre
SA66 9HJ
10th January 2025

Sea TrJstWa1es
Statqrnent of Flnandal Nthvfti86
for lh8 y•ar anded 31 March 2024
Page10
31 Mar 2024
Totsl
funds
31 Mar 2023
Total
fund5
Unrnstrietod Restrtctsd
funds
funds
INCOME
Donation5 and *ac
Grants
Charitable actlvltles
Other tradlng activlt
Invesbrent
35,1)J4
35,1>)4
23,40e
18,763
110,321
73
187.567
6,438
88,241
2e,749
40.568
23,406
11,579
7,184
110,321
73
152.582
34,985
161,996
EXPENDITURE ON
Charrtable activSlks
other tr8dirrfJ actlvbuob
Mlnagemenl
Flnanc•
Infomation Tethnol¢gy
28,970
93,532
45.448
36.899
6,909
1,777
164,565
41,934
79,025
45,987
143
850
167 939
4S,448
3e.8
1,777
155,595
28.970
NET INCOMEIEXPENDrruREI
13,0131
8.015
15,9431
RECONCILIATION OF FUNOS
Tolal funds breught Ioww8rd
21,854
2S,970
47,824
53,567
TOTAL FUNDS CARRIED FORWARD
CONTINUING OPERATIONS
All incDme aThJ expendlturg has arfsen frcffl ¢Mtknukng actNiI88

Sèa Trust Wales
Statement of Assets and Ltabilities
as al 3151 Marth 2024
Page11
31 Mar2024 31 Mar2023
Total
Total
Fund$
Funds
Unre5tdrted
funds
Reslrfcted
fund8
Notes
FIXED ASSETS
Tanglble Assets
126940
128,940
126,940
126,940
126S40
126,940
CURRENT ASSErs
Stock
Debtors
Bank acccunt and Gash In hand
9,134
4,354
59,533
73,021
9,134
4.354
91,519
105.007
490
162
93,105
93,757
31.98fj
31.988
TOTAL ASSETS
199,S61
31,988
231,947
220,697
CREDITORS
Amounts falllng due within one year
38,440
38.440
48,073
Amounts falllng In more than one year
142,881
142.881
125,000
TOTAL LIABILITIES
181,321
181,321
173,073
TOTAL ASSETS LESS TOTAL
LIABILITIES
18,640
31,986
50,626
47,624
NET ASSEfsi{LIABILITIES)
18,e40
31.986
50,626
47,624
FUNDS
Unraslricted funds
Restrfcted fund8
18.640
31.986
21,654
25,970
Total fund$
50,626
47,624
For the period ended 31st March 2024 the company was entilled to exemption under s477 of the
Companies Ad 2006 rolatlng to small companles.
The memberd have not requlred the company to obtsln an audft in aGGordance wtth section 476 of the
Companies Act 2006.
The dire¢tors acknowledge thelr responsibilrties for complyin9 W'rth the requlremenls of th8 Act with respect lo
accounting le￿d8 and the pr8paTation of accounts.
These accounts have been prepared in acudance wtth the provision8 applicsble to companies subject lo the
small companies regime.
Approved by the board and signed on their behalf by
Clifford Benson
10th January 2025

Sea Trust Wales
Notes lo the Accounts
for the year ended 31 March 2024
1. Accountlng Polici•s
Pag8 12
Basls of AGGountlng
The accounts have been prepared under the historical cost convenllon and in accordar￿a
wlth appllcable UK Accounting Standards. In preparing the accoun18 the charity follows
best pradice 88 Sel out in the Statement ol Recommended Practice 'Accountlng an
Reportlng by Chartti&$' ISORP FRSSE) effedve 1 January 2015.
Income
Income is recogni8ed in the period in which the charity 1$ entitted to re¢8iPt and the
amount can be rn￿ured wth reasonable ¢ertainty.
Expendlture
Liabilities are reoognisod as expanditure as soon as there is a legal or constructive obligation
committing the ¢harity to that expenditure, it is probable that a transfer of economic benefrts will
bè required in setuémenl and the amount of the obligation can be measured reliably. Expenditure
is accounted for on an accrual$ basis aThJ has been classrfied undgr heading$ that aggregate all
cost related 10 that ¢alegory. Where costs cannot be directly attn"buted lo particular h9adings Ih&y
havg been allocated to acti￿lieS on a basis consi$t6nt with the use of re3ouTh$.
T•xatlon
The charity is exempt from tax on its charltable activttles.
Fund aecountlng
Unrestricted funds can be used in accordance wth the Gh¥ritable objecttves al the dls¢relion of the
trustees.
Restricted funds can only be used for a particular re8triced purposes wilhln the objects of the
chanty. Reslriclic*is 8riso when Spec￿led by the donor or when funds are raised for partlcuiar
restrlcted purposes.
2. Donatlons. Legac1￿ & Other Income
31 March
2024
31 March
2023
Donations
Grants
Charitsble activitles
Other Ir8ding acivilies
Investments
35,004
33,513
18,763
102,933
73
190,286
6,438
88.241
26,749
40.568
161,996
3. Charltsbl• actlvitiOS
Dlrect
Cost$
Support Costs
Isee note 4)
Totsls
Charitable actlvlties
Management Costs
138,980
138,980
45.585
45,585
138,980
45,585
184,565
4. Supportcogts
Infomi8tion Gowemancg
Technology
eosls
Managernont
Finance
Total8
36,899
6,909
1,777
45,585

Sea Trust Wales
Notes to the Accounts
for the year ￿KIed 31 March 2024
S. Trusts88' remuneratlon and benefit8
There were rK) trustees, ￿MUner8￿.0n or other beneffts for the year ended 31 Mar¢h 2024.
Trusto0¥' expenses
There were fK) Iruslee8' expenses paid for the year ended 31 March 2024.
6. Staff Costs
The average number of monthly employees during the yeaT was as follows:.
31 March 2024
Page13
31 March 2023
7. D91rt0rn
31 March 2024
31 March 2023
Trade debtors
other debtors
Prepayments
112
197
4.045
4,354
162
162
8. Crodltors: arnounts falllng due after more than one year
31 March 2024
31 March 2023
Trade Creditors
Social Security ad other taxes
Penslon scheme
Otrer creditors
Mortgage
Sea Trust Cc¥nmunlty Interest Company
Accrua13 and deferrgj income
1.754
1,475
309
338
2,577
3,658
24.315
20.100
48,073
29,266
35,719
9. Credltors: arnounts falllng due after more than on• year
31 March 2024
31 March 2023
Mortgage
Sea Tru8t Corrffl7unity Intere81 Company
118,819
24,062
142,881
125,OC
125,0¢)O
10. Movement In fund8
At
31 Mar 23
Net movement
in fvnds
31 lthar 24
Unre¥tricted funds
Unrestricted fund8
21.654
13.014)
21,360
R•strlcted funds
R@stTiCted funds
25,970
6,016
31,986
47.624
3.002
53,346

Sea Trust Wales
Notes to the Accounts
for the year endèj 31 March 2024
Page 14
10. Mov•rnentln funds Icontinuedl
Net movamenl In fvnds, included In the above a￿ as follow5:
Incoming
Resources
Re80urce8
Expended
Movement
in funds
Unr•strlctsd funds
Unrestricted fund8
152.580
155.594
{3.014)
Restrlcled funds
Restrlcled fvnds
34.988
28,970
8.016
187,568
184.564
3.002
11. Relatsd party dtsclo8ure8
There were no re181ed paty Irsnsactions for the year ended 31sl March 2024

Sea Trust Waleg
Notes lo the Accounts
for the year ended 31 March 2024
Page15
31 March 2024
31 Plarch 2023
Incom•
Donatlons and legaci•s
Donation$
Grants
Charltable actlvltles
Recharging of utilitie5
Room and Oceanlab Tental
other tharitable aCtiv￿aS
Other tradlng actlvltlgs
Aquarium Tour SBle8 & Gift 8hgp gales
Fundraising
Adopt a porpoise
Seashc*re safari
Investmènts
Bank Interest received
35,004
23.406
6,438
88.241
14.555
2,945
1.263
13,133
11,341
2,275
96.528
13,217
485
91
36,781
3,743
73
187,567
161,996
Expendlture on:
¢haritabl6 a￿vItI0$
Labour costs
Labour costs- amployer ￿nSIOn
Training
91.210
1.785
537
93.532
40,186
1,598
150
41,934
Exp8ndlture on:
Othgr tradlng activllles
Glft shop purchases
Projects expenditure
Aquarium costs
21,312
19.987
4.149
45,448
6.56S
68,094
4,366
79,025
Support costs
Managemgnt
Advertlsing & Marketing
Rates
Travel expenses
Insurances
Light & Heal
Cleaning
Repairs & Renewals
Postage
Stationery & Office Supplies
Telephone Costs
Sub$¢ripllons
Sundry expenses
1,740
1.133
211
1.697
21,851
1.202
4,793
35
578
962
1.529
1.168
36.899
1,097
1,679
4,375
24,210
149
11,714
227
1,176
173
1,079
45,987
Fln•nGo
Bank charge5
Card Charges
Mortgage interest
Inforniatlon technology
Equipmert repair6 and rert8wals
91
2.505
4,313
143
1,777
8,686
184,565
850
993
Total r8sources expgnded
Nel in¢on
167,939
5,943