Registered Company Number CE019453 IEn¥and and Wales) Regislwad Cttanty NLmter. 1186160 Report ol the Trustse8 8rrfl Un&xtited FinarKi81 Stalements for the Year ErKled 31 Klarch 202S S•• Trt Wale8 Ty Lwd knmited Va Pritth•Td & Co Acc¢untants & Tax Adw'sors 16 Main Street Fishguar PemkKokeshire SA65 9HJ
Sea Trust Cont•nts of tho Ilnan¢lal Statements for the year ended 31 March 2025 Pag• Repcyt of the Trt*es Indepty)dw)l Examin•r8 Rewrft St•t•mnt of FinancTral Affairs Statements of As1•ts aThJ Uabikbes 10 Notes lo the ncIal slatwneni8
Sa TfUStWa18$ R8POrtof the Commiltee of Managernent t year en 31 March 2025 Page 2. Th8 c¢JTnTrHitee ofm8nagement pr•wits rt r•portith tha financid 5thtements fw th• thwrty for th• yw ended 31st March 2025 R•l•r•nG• •nd AdMlnl8tratI lrfomi•tlon Chdrpor80n Trugt• Fr8nrx E93ty Anlhony Lucas Ckv• EtrMrd Crr&ss Cènan Groro {Apw'nt8d 3rd March 20251 Giln Mary Pr IApw"ntsd 3rf 20251 Cth'ff 8•ft IRgsun•J 14th Augusl20251 Msntyn Jbnknns 111•s4n•d 31st Mh 20251 Oc•afi Lab The ParrDJ SPA4 ODE Rogl•t•rnd Company Numb•r CE01W53 IEngl•rKI & W•hb#l R•ql•t•rnO Ch•rlty Numb•r 1186110 Accèunt•nts Prrtchard & Co.. ie Str••t FN1v[d, e•nkorn Uosth Bank pt. 7 VKknrf• Pc•, Howrfothsi Pwntrfok8shir•. W1 2JX 8tru¢tur•, a¢)¥•rn•nc• and 9•MOnt Tho cttarity is a comp8ny Iirnited by guorant•• Iné non• ollhe offlceryd hok1 any sharn• in th• company A comrnltteè of managem•nt adminiitw¥ Ihg thnty A8 con•Utu¢ Ihe m•mb•rn ef th• CIO •h•ll bg its thanty tru8tfj•s f¢r the tkng beKig. Th• only p•rnuns olvjib to ts8 membèrn of the CIO ar• its 00 M•rte¢shl> ot th• CIO t• Iransf•rrv to anyon• •la•. Any mernber an¢J Ltharfjty truslee ¢•a• tr• b• a ¢aniy IrLMte8 auh)mitDIIy •e• to be • mnb•r Cto. Go¥•rnlno docum•nt S•1 TrnstW8b$18 o ChorWk• orPOral0 0ryJ•nltr0Tr gty•m•d by rt• M•mor•ndLm ond Artkknj ofA•6oclion", it bi 4Mo • rtywt•red ¢h•iity ith tr thirty AS jet out In th9 CQn8btution IBp•rt lffjrn lh• knt ¢h81ity Ir1) MrytrLMl•• mu•t be aFwnted lor • thrm ol up lo four yearn by i molution p•••g(J al a properly ¢on¥ened rr¢•b'ng pf the GharAy trust••i New truste95 und•rgD an ¢14th to Ih•m as to tMr al obf4abJni und•r thArty and company law, t1 commrttee and decision m•kwyJ procau•¥. the bN)e•S plpn arKI r9cl fin8ncval pDrfowmanu cf the th81ity. Durkng th• Induction period they YAII rn181 All P10>•. try$• #Thl commrd•• tMryw6. TN$we$ are èncouraged to att•nd •xtomal trllining thnts thal 11 11ate the )doll#kirffj ofth•lr rokn. T Manag•m•nt Committee meets rtyLI?ry and adminizten chanty. Obl•c¢• ond aetivith• The object& ofthg tharity arn ae folkx."- l To a¢fvance Ihe edueati¢ffi publc berEffl 5Liyts ol Mar W fveshwaw*ryk1&fe. ma onrOnMents and the phys ar natu Orwwonwnlin aFKI ts COI)5w¥aiR)n. 2. To promot8 lor thé b8naftofth9 Wc. the p[rK. ofthe phwl and
Soa Trust W¥ Report of ihe Commitiee of Manag8rrtnt for the year •nd•d 31 March 2025 Paqe 3 202425 End YvwS•a TrwtlV•l•B Challp liwt S¢a Trust wa is a marine Con8arVatk ch8rty ba In Ncth PwnW86trNm. Soa Trust Wal8s' mission is to inspir• local p•opl• to £¥e for marTh lrfe. Our researth. and eonseNatk?n Th1( underpln 011 do. Sea TruJl dreSSeS the need foF rnarim Ce4n•Mik)n bything CL¥nmunit8 8ThJ ichool$ lo imwL¥ve ocean lrt¢ro¢y- onhoncwg publ undèr11¥d. •ngagern•nL rnsponsib b8h•vthir knv8rd8 Iho Oan. With a history of 188n $uNeyg. wn a CdE•rb sti¢• PorFW Photo ID prrijd, run r8guLqi shor& b)at 8urveys, $no ¢6nlMbuts io k1 kllrfe Mc1b)rV4. ith r•warch on 8LKh as otter IMLS, Seabirds S•0 Trusi •nrich•s ts ocSuc4tional Catch S R•850 aou8rMJm cthribut th'roctty to marir con$•Nation wilh th• Rewd8 Mor Wè also njn 8•v•ral educat trg•ch proJBCl8, Int1n9 a school •ngyFMnt ir¥lLqtlve ar a Y1h MarTh7 Biolcyy Cl) We work closely wllh ichoc46. ¢Dlw, Unhr0e$. rngulaty ho8tyn9 Wort •wence siudents Jnd Univ•rJity UndW9rUate pl8ml •¢ud•ftt8_ Ov•rvl•w Aptll 2024 to M4r¢h 2026: Our lew months 012024 came an abundanr ofch•npfor th¥ftty Nadla TCMM h•d r•LYnOy (January 20241 $t•wd up Into the Projocts Mandr rok, and lh• Staff t•am w r•iiructured to Include rn¢yo fvnding and adminiJtraiiv• •upport, ith 8 C[ty1Mindstra1Or. Som Cox. and a Morfr• conmNai A4si$tsnl knna W•bb•rkny. tak•n in Few 2024. Wllh staff 8ellJinq trfo trwr rol•a IhroL4hApnl 2024. th• I• wrk•d to obertraul txf 1MInIStrat• PiO¢gu•• art rnsponsi.Jrt•I, streamhnmg ¢)ui pol •nd pro¢4dur•s, and 6pli¢ling tho ch•rltysrk rnoro tffèdiv•ty t¢ mlmo tClocu$ w (INenrrfJ lh• Charitrfi Alm8 an(1 obi•ctiv•¥, with n6 eyrfA• on charty Mton rfitn th• t•am. Dunng 2024-2025, our Chwrty AdminAtrnior hug•ty rywowd Sea Tru81'1 Y104#y NnrAng. org•nlsati¢n. p¢1. •nd fundiw p•bilitIeS TaklfJ on th yrt.lime g gfeal dernion for the chorlty. Our M•rin• C¢ni•rv•tioTh A¥skit•ni •lw wttled into hw roL8 Vory ovidtty. t•kSng ovw afvj éxcelling in wr •ducalw outre•¢h work. gr brnging •nd 5nn0vat pro ••• W¢ ccntlnwd our pcpul•r M¥nM Blow Club. a lrn• Cal)n¥ youth woup for 10-17-yearIdl. ¢¢ntlnued to woth with icho¢h •n¢J groups, dMl¢pir4 w otstrexh and proi•¢11 Uoyd Nelmgi continu•d lo eoordin•Ee ow C8tch & R••ge 4uarium Ind th• RKyc Mor prg•¢L Lloyd toc4¢ on addltknnil mipontyèilty. N•dk• to manw th• S•4sonJl 4u•rium Ht ITig8r Sturtg•iil. •qu8dum, voluntOor•. Ind Intsms Thw81orn. u06 b"Il• thang•d t Aquorlum Manapr & Pr48ct Officer In Mar¢ 2025. Th• Pr4•ct• M•nage3 role wo8 chary•d ¢0 Chartty Dlctor 2025. to nh1•ct Nadla'• fvll responslbllitro•. Our Finan¢x Officer. Frtedgdk• Sthmidt. tU0 ¢0 ry(o¥• th• Ch•rity• fmnd•l man8gem•nt and w•$ In Jowjrai aweatlons. We cont'nuod to Iowgfdi our akn oftyTOVry ffflaDtaal lo1fffiWV to becune relont on grant funding. In April 2024. mad• a iigTrrfunt ¢h•ry to IK Nnnty olour C•lch & Re0 •w8Mum. Inlendlng to bnueas• our Ineomè en9ogofffftnt I•¥8. Tha Own Lab h•s • •m811 cat£h-an&i0• •qu•riurn. open to th¢ fv)r mcdjlof lh• (. Tre aquariuTn ¥lrn¥ to iryge vi8rtorn directNf Walu$'$ re(lkn morino11o Increase 8warenè88 th• Importanra of marim conservaOn. Wg had 8N¥8y6 mn ts aqUarM wlh 1-huJr timtr$Fecrf gui(l•d tourn. knVer, wo'd be•n rKeThing 1••(tJack that dKJn't 8Urt 811 vknrtors, it Iknh•d tr• IS1ty and capacty ofour aquaiium. InsleèJ. t do¢pJed to Ihg fl•e1 used by rnary othgl popuLryr wuarlurns- lo haw muWl• r)IS Ihroygh¢Xrttho day. 7ther• couha •xF4oT• U8rium yours•M. wth a qu1(19 on Thar t¢ anwr q5119 and (le)rtra •xciliry lankslspe¢Jes Wg n.u Trhyth $truclured optyonal tobys at 11 am and 3 sxn. and incre•s&l t8ra¢tsvlty With le8(ling demonstrations at th•4• rn Aft•r $crfne In91 Wlhing wu•s, wlh It• team needing to adjust to the new $ystgrn, rDceived glèat feadbad¢ visrtorj on the rno fl•xble 8pproath. Wè wnt on 10 h•w the rnost sJc¢esslul Pquanum .¥• ever had. 62 peopk visiting the Uarturn 1° N•rril 2Q24 and 31° MarEh 2025 This s kn¢rèasè 1SOO viJitor5 from the pr6vkNJ8 flnancial ar. Tr• iqljariurn al$0 h¢xts sthaol. homè education, youth groy, empknffjlf grouF6, ALN 9roup$. and ¢A)ffrnunity groups fvoughwl ts >t8r fer ¥Juanurn twrs and educat urkshop$. TTh•se vislis usually also indude a Seashore Safori- rockpookng on Gcpxrt Sand$- Qr a wilffe SuNgy al Slrumbk Head. The 8es8¥Ms en9age 8rKI chihjren with c81 marnewikjlrfe. hvJhllghting ¢ons¢NatKtin tyltwest in from on e¥ri¥ ¥g8. Vvo hosted an 8ddrtional 366 peop wilh Ihisè tth*en 2024- 2025.
Sea Tru8tWalas Report of the Comthd OfManagtrt for tho yoar •n<Jed 31 Marth 2025 Ov•r¥lew A1 2024 to March 2025 conu1. The a4n Lab Café I$LOg•Jiary of thé CIO, ruft ur+d•r Sea Trust CICI 9re from streryth to str¢ThJth, th tha emp•nt ofan 0xclnt Café Manager who c¢)ydinatthY th• t elficignty. madg gr& community ar l(al 5upplr partnetship6, kod hard to ha¥e 8 5uc£e$6fJl Summor w•on. We had 0¥grYth8lming SUpkrt frarn our many vokJnt••ts. A LVO ¥olunt88rgroLP, 'Tho Makntenan Toarn", conthnued to ¢omple maintenanc• 8nd oflh¥ tytslldwya. TINT lththr cen tsam of VDluntèers, léd by C•rrdn Gocllbourn (Trusieéi, have transfwm•(l th¢ 9Th7 shcy. %¥rth the coMe ¢OThllnuing to this ygar Th• grft shop ra n0 vabJablg souro trf fundirJ frjr ts ¢h•rrty. Oth yoluntters hav• wort•d in maintsinmg the Aquartum, ccrth"rwirJ to (veky wce. wd ¢QnJ151entty to improve lank pofam•t•rs and ensu h881th. Regular volurnteers h8ve ¢tinUed lo contribute kn our PorFotse Ph ID rpse8rr klf¢ •UryOy rk. Whil$1 wère unsu¢tsMl m 8ecJring fiJndirrfJ for our wldlK• r•searth year, werè 8bk8 lo continuè the Vrk euè lo our exlrernty d•dlcaied ¥c4uDts¢, UTJ8r rnant of sx S•• Tru81 stsff 188m. We ha a180 worked wlth num•icw8 Ur8ty pLrycement stu¢onl$ and Intwn• throughout yur. who ar• a ttiohtrf ¥olu•d to the Sea TrwJtt••m. We ffjre to be contacted 1 ?evwal filming coportunrtw duly th• IndL•Jthq featured on fjp580d of ITV Cotsi & Counuy. Wrthin eng•gent alw )rdIn•$ range ol ewnts, Including #•vernl Pwl8• Iput4twilts •urv?yBI, and partn0r1 wlh 8 range Qfg8ni$8b'ons to d814vèr marlfi• nr¥•'0n wrk Our most notablo path¢r8hp n1)uOn $ to t1 ¥h Ocean LltsraGy Co•lon, to tho launch ol Y Mora lth, W•bJ' Oc•n t4¢Y FrarvrK- ore of th• first of Its thd In th• wk1. Pagg 4 Tw•t•w- &Adthtlry At the •nd ol March 2025 muen.v¥lu¢d tro11•r4nd Mt•• J•nkin st•pp•d aft•r 4 y••rn ol am•zing 1¢• SM lo thg t•)#fd oftnAtses 1hrow challgnpty 1¥rn8 ¥nd wo will MM• her $kilb •yrt•nc• gr••ty Thankftlty pn6 th conts"n to CtntsUh •• • volunt¢er, aii•iw tho fln•nc• m4nwr flnd another trwsur•r •TrJ •l•o contknuir4J to volunknr n9Urty In th• offt ihop W• •r• gr•t•fvl lor •ll sl hAf dcth foi Se• Trt wa1. Al th• Winnifig el M•rch 2025, n•w InJstso¥, Cerkn G¢oourn ¥nd Gillfi Prfc• to th• board ol trusleu CerTr his • bathgrour<l in hyfft•n r•crnI •nd x)rk•d lor ITh• t)lI MuÉ•urn of Walls b•fore ihè r•tyr•d mov•d to P•rt)rnkg¥hm. SM ha• b••n v•ry Mvoad In managing and th•lOn9 the ch811ty gmt lhop into Juet•#a it h•8 becun• tc#Jay. Sh• h5 a0 holpod wth d•v•pinq govemanc• through ¥dYAing •nd guKhrvJ ¢n gnd •mpbJyrnonl Gi11 grw up knIc411y. ho1 a ty•cqKd in togchlng •nd taughl al 4 kxai prin•ry •thTr)I b•for• iho rntirnd and $18rted ¥c4unt•onThJ in lh• ch•lty •h¢P. C•nan arJ Gill irn W•lth •p8aker•. Prol•cl• A Gr••n•r Ocun L•ts18ol•r rt•1 IlonI In 2023. r• ww¥rdgd £21.407 el fvjndlng frryn th• Pwnbmk•thh cOt N8bthi•l Park Sustalnable 0•ent Fun< ISDFI and £10.OW IrLYn Tronwl Èrn Gwam Ccffjrnunty CtTh¥t• Pund la Install • gdd.conn•ct•d PV sOr Mys on lh• Ocaan Lab roal. Wo f•c•d several ch•ll•ng•3 • #ollr In8t•k forlha prtiE¢t. due kn Ocean L•ts'• Ibplng roof and unuryual rwl rnatsdab. 10 lh• mny th• prl•ct, our fund• gfant•d u¥ w 8xnilon ol the prol•cl unlil January 2025. In ju 2Wd4. YAth ongty"n9 ¢Jue Wnh ¢yr lund•r¥. •gre¢d ¢n 8 wniract Sobr Centrfc. With • h4V t••m effort all wr&&8. tr• PV $y$tsm with 29 solar pan•h wo¥ s¢•8$1uIty Aistsw 17th January 2025. D•8ptt• many th21k8ng85 due tu tm ¢Jffi¢wlt bu1"n0 rdIng ki rHvalwt• Dur yiitk•l pk•r• iTrtt Um?liN4 wrth our fuNrs, Suc¢• In thINtriry 8 PV lIa1)n at Own Lab Th sokr p8nb con1nbu to rgdltcing eur hgh ongrgy tlxii aThJ our W• h•ve a p1#Y in Ocean Lllb wlh d•t•ll• •bout solar Parh•. hwjhknjhlrva •n•wJy is"ryortant ITh prot8Ctlng our •nvlronm•Trt. AS wt ol Ihe w¢j¢¢t. a CDrnrywIty Event- tts unvwl th• Aol•r panel$ and displ¥y to iho pub4ic, 8lon9 with our nwcomiunrty Garden (desc{j und•r Ga¥dd y Morl, Tho Comrnunty E¥8ntWAi wpular, o¥or50 attende ¢Ia BILg to Iwn Bbout the garden and rgnwabkn energy. R•eYe Mor Wt eontinued ourRewEb Mor proifjd fifft¢Ym9 fffjm g DecwntAr 20rd CrtrwJW matth fijndlng froTh the Sav• Ig185 Cornrnunity Fund. Awva Employao Giwng. Awya ClMUnIty Fund, Solus Employ98 Gmngl. R8cycI8 Mor thms transfom fthr¥J waste Int¢ a MKJhly valuod reswrr by a pathwqy thal incwb"vi5•5 a cnJlarec¢x u)n that both the gnvlronmenl and IhO ff8Nng c¢mmunty. Th * aChve ty r8ouin9 f4lthJ IrwJu¥trywa¥a such as fishro nets. rcpe and trawr prtrJuaNJ hvaNvalue products. Thg Crowyllundef. akjrsskkn ¥bOThE, us pw CLV8riNJ 1 day pereek of Lbyd'$ Iwno for colting alSOrtry thè tshir@ VM5t•. and Irwal the harfcow bi. unOI
Se8 Trust W8ks Rèport ¢1 the CorkMrrtO9 ofmana9wt for tha year d•d 31 Mar¢h 2025 R•¢ycl• Ilor. September 2024. Frorn r& point, Sea TnL4tWAS to ifttem¥Uy hJTrJ ard ti)tythnate the project tc enob16 its contruon W• aim to 9& fvtherfvn(Iing In tha Iln8nci year and de0p the projKt inla a sth8m8 that t• appli1 afm6S Welsh fthing commuftll•s. Page S Wo r8ceNed fundlng frL¥n Ivrd the P8rnt<oéShW• Nare Partrnhl in January 2024 to iJÈ¥ekJp y M6r- an onlino crtJz•n 8ciwc8 knol. y Mor to tha pubhc through htip$"Ilpwllymoi coml. Dr Jon Jarnes. ¥ dwjthed w)lunts¢r. d•v•knp&J y Mor in wlkknration ih Soa Tru$1 Wal. RLrkprol photomosairA are ¢alpd rn•ny overwiw pholos ol rockpool. 5tilched ttythei to forrn 8 perm4rfnl hKjh-r•solun IM These photomosaiss con th•n bo upload•d to tha bsite. ailowlng the user to vwluauy expbre and suNey a rocw. Ihe rockpogl can hJenlified nd c4taiwd ulnp fv onhn• •uThey W. We coMptsd th• PTOjeCt in Junb 2024. 8chwiTVJ akn trj launch th& user-friendty re1 clbz•n 8tk•ne• w8bsrt• an¢ ¢iroctly er#Jage Ihe and loc 8choo wth P•mtKoke6hlfe'o rocky ohor• habilal. 14 y Mor is a brillnt edUtrong1 r•oourc•, have incorporat•d inta our S•ndary School Je8slons The includ• cmelegTrJ a wey and an9 about P8mbrokeshlre's rocy shor• Wg had great lbar Imm th• s¢htsY 4•Hl. 97% d3tttyJanty •t¥ling that enloyod tho r¢ckwol 8uN•y. W• aTe $ts"Il deli¥eMg khool trkshop8 wng FWI y MOr•nd •kn lo •fvJ ¥8uociatad educaOnI1 reiourrA•. G•rnld y MOI Our G•rdt¥ y Mor propra ran Irom Orlthr 2024 to Febwry 2025. fiJr¥l•d by P•mbr••8hTr Co&Jt Ch8rlt8¥le TnJsi'É Fore• f¢f N•rur Gi8th. We t out to ¢r••h • 001$8 garden in •n unJttracd concrnlg ¢pac• IhBi •c¢•o6ib to everyon• In th• 1 c¢rnrnunty. We #wn•d ftt th• gard•n b) be • place lo contèmpkt• thè •nd cOn¢t ith nliure. •thGatbTr•l purpos• ol r•1$0 aw8r•rv4M of th• knport8nce el pclllDotp)n •TrJ our fm. W• did rt wth • hu98 ameuffl of 1p aTra colaksrnlKffj from ow Vol16 and ovrn ltrth• h)eal cornmyfiity. The m•n h•lp ¥4• h•d wo$ Irom our Incr•Jib ¥un•r rnai)nanc• t•gm- 8 group at 5 gul•r vclunt••r• IT Fab FMTrII who b••lulty th• garf8Tr by h•nd TW • Wi98 of pl•nlgrs lo iurround cyr bound•ry wall oppo&t• the Oce¥n Lab Café èntrinc• an(J Ih•n tsuitt berKI In b•trmn, 06 11 ai cr••tsng a cute ayg Hotsl and IM bOSU krihe Inform)ty)n sNJns. Th•y hav• w?rh•d con•i•tenlfy gv•ry W•dn•sd•y sincA lh• wopd beqan- rain or W• wth h)cal 8chool8 our Monrw Club to buld •nd tyJr Wl. ffifofmikni board. activlty •h•ots ank1 got th• grou Invoad in pllnllng. W• qreat lupport frem many S•a Tru•t vc4Ltntw•, placiMnt 8tud•nt•. on(1 e¥yii•nt Itudtnts, wlth desfvan 8nd Illu•tratsonB. Wd$h translatk. Oantry. pulbng grft p•ck$ tog•thw. as vdl a$ di$nts and coow•b'on from local builders, mwth•nts It really an incrnjible tow •ffort", VA are w•tofv1 to ¥ll our Vclunteern ano lW•, Ij • •r• very pr0 of the prfeci. The g•rd&n does txacuy ¥¥ant il to do * • Wub'lul space for 811 to •nloy- h4hWting tho arnas of pollinatyon ¥nd drnate ch8nge. rfth •dvlty shÈ•ts io eng•99 thihjrèn lth the project. Th• 9•rO•n has bean a PopUr 8ddffjon Ocoan L¥t Wr? m•ny people $rt and ch fgra break vn Ih•irwolks of the kMI orea. ¢ofé custom•r$ 18ke Ihew dnnks there to On9$¢ th• flora, •nO •¢ucation¥l gTOUP& ISchco)h & M•dn• Clubl UM the •pac• lor •v•DIs, and worhsh¢P$. IrAdre Mor The Inspwe Mèr PTCPCt ran frDm I¥Ust 2Wd4- Fetrusry 2tr25, ty South Hcok LNG Community Fund wlth a matClUndIrfj ntributn frem S•a T[twI Inwre Mbr exp8nded o t41 eth¢alknn and outr•8¢h work. The p@ect enatskgd u$ to conDnuo njnnq our 10-14-y•ar<•hJ Marino aub IMBCI frne of ch8rg8, as 11 as MA.n9 our 1&17ear¥okl group free of chafg•. M8G te5th young about nature, $c18nte, and eenwr¥ation. whilst engaging your.g peopl• 4vllh int•r•sts. and •nixsuraging Ihern to 8PBTrJ time outsth Wo r• zbEè purth8se equrwt (bncxlarn. wat•rproofs. %•t11bJ. Jhrimping nets, ID gukJ•8. and qu8dratsl to ¥ètup an Equikywt Ltrary fcf parbcipants to us• in their fr40 Atotsl of 31 n9 peop erqapj ¢ our Marin• &"oW Chjb - gBTning • more in4epth knryedg8 ofUK coastsl tythklufe and èn¥wonm•nts. $06won$ IndIng Pèmbrok•6hli'$ c•tscwns, sea Slugs nu(#trfan¢h$. and h.nk our marfne ecosystern, Pembrokg$hro's seabirS, and tUTlks. We also •newag•d the thik1rtn to makè aft active dKfèr•nc• in our •nvtrokThnt through rd ringlns ol storni Fétrels th• T•41 fl'nuing tknp. beB¢h clean$ aDd buikliNJ hotels An amazlry lotsl ¢f 7361(Kal scthool and colle9e pupib Mi Pembrtsk•shiw r•c•v&l rn8rir ssons as part ol Ihis project- they have leaint about PernOrckgshYe8 rnaiirnl mfaUn¥ such dolphiTY6, porpoises. whab$. seaLs the thrpgts th8y la. These inrxied Sxus ssssions on ¢ltimal8 change, pcUL#K)n. and new3b gn•rgy, aswell 85 dis¢JtssK)rra on the can
Sea TrustW$ Rtportol the Commiltee of Manag•Mnt for the Y•Aren 31 Marth 2025 In8plr• Mar. conllrrfMI a dfference for bildlifv by tharujifto trertsehknl¢ or aav)ns. OPJW 480 about tyji Smal¥ rockpool 1110 ¢yh PrOk•a1rn.# shores, and YÉ 1$ 18a"ryJ 85, and disturbar. We to continue lo run WT rari wldltÈ 8ducat)n sèssths and MBC. thatv ha¥è the •qulpmoftt, conts.nue DLJr Equipmeni Library to hep (yJrr8nt anufuture mernte a$S the outdoors and Pa'CAte in th¢ ¢lub. ¥ 11 as enC¢>UTh rnèmtérs wbJf• IM c4•it rnore In th•ir bm. Futur• Page 6 In March 2025, we wre no11 thatTrA'd 88oJred £30.rKo YJth ofCcAg Fur¥J¥ig frrmn The ForB. to paid oul 0r th8 rxt 2 Tinanclal ar8 Thm was a hw win fDr the Seo Trust tsam, h•J ¢ollaborated on the apphcatKn. Thw k8 frst Cfye fuThr4 h•v• wurtd. rt'B JTwsNety bènèficlAI to th• chaity. Wtth the fwding, At ha¥e been able tc Ama WebberlI ro from Marlne Conaeryation A35rJtsTrt lo the of 141anm CO181 Educat$ offl1. from April 2025 Wo have alBo partnernd wrth Natyr Am 8ylhl M4yin• ConseryalKn SKth, to nbnw the RéGryd6 Mèr project from 12025 8 Cornmuntty strI Sth•m• P•ym•nt S TNs1's exc•lnt relauon$h th lo¢& fiithng hal t•en r8Lwnid. and il )ftbnue te develop th¢ l1#r•cOrmY fishing geAf 8¢hwe. Our Hathr po1 pheto ID researth wa• Jb b) r4)ftbnu• thpwhrwjt th• hwr. th•th lo ow hardworkin9 team ind vclunta8(s. A ftJndr•Mr w•¥ for 2025 tho By G Gr••n Match Fund to r•l8e fund8 for th• proJKI. Wq to ¥eaJrn nY)r¢ fvnding th• ftnwual ir, ¢nablin9 Ui to Con1kn Our leng-t•rni r•ie¥r#t. whilst $UPWtifig our wm• of ¢)zeTh K49ntBts. Donotlon• We r¥c•N• mgulaf don•iionA our Ocean L8ts Local GNifvJ p8901. F•cetook blrthday fvndrntyer•. •vent$ •nd otsr fvnthaii•ig •v•nts y¢•r a to41 olQ3.497 52 oldonalions. Not8• hi9hlb)ht• incI)e g•nwoui donws èKh 01 £2500 from Th• J•nouf Fovnd•tl¢n, much-Twd•U improw•tr kn ourw•r¥Jm. • OOM1 01£3CW) from T W•tOfloo Foundatn- sml¢)uity luntsJ our rnarine wk. W• Ar• p•rtkukity ¢l•a8ed 8b¢w g donabon Of£ from S•k TrusIC tr>Jk ov•r ¢h• runTri ol th• Ou•n W C4fO In 2023 ind •lrW Profilabb In Wirbtsr o1202&2025 Thtyr $1off t•4m •r th• mart•ilern1 of La Willams h• wrkad and ar• 0(1 by fv loc•1 ¢ornmunty. VOIrtrI We hive e tow of 65 voluntq•rn at S•1 Tnjlt, •cross a r8ng• 0Trc4•5. We h•¥0 • t•im Of S ¥olunts•ro who work on our m81lltsnant• t•8m. blngir¥J Ihw"r •xi¥lonl sltils to malnmin and Onhafict Ocean Lab, volunt••rn who •okly on ¢ur Psypots• Photo ID warL, VUnt•rs on the tronl d••k ty In the aquarlum. and v(4un¢••r¥ who w11bUt0 io Ver41 rc49$ Sw Trust. W• wowd• tr•ininG lo ¥olunt•ers •n¢ oft•n prov0 ¢•rr (sh •s aquarffjt •Vnenl to our un9 volunt••ri. allow9 ih•ffl to proy¥8 Ih• careers. We rlty 8 grnat d•d ryJr incr•Xio volunt••rs woukj not be abl• hfofth•t• th Ot tr¢m. Intsm8 and PIKw•nt Sd•nts From Aorfl 2024- March 202$, hothd ten Unrty pc¢MM •nd fow intem8 {• MMuM offv8 &lLQents 8t 8 r1, frorn 6•Von Urowr5rt. Vve prth Ourse onworklrrtJ 1h ranp of unl(81¥ and Col• tho UK, providin9 mh-n¢edtrj ¥Xwrr and Opportunrt8o thg next gèn•rstn ¢1 Mari s¢ntists consefvation. Tl pLqcern•nt ¥luthnts are a huge JIt to Sea TruBt they wth , briryro •nIh0, eXcrIa rth¥ projects. and Innovative r•s••rch 8unwn•ry 2024-2025 was a yw ot¢hor¥e aThl grh1o1 SÈA TNII Wakn•. W• 0rged wth a wonger. mor• resillenl Staff t••m, with a larrJw r•rw ol BklLb, bxkgrounds, and •xp•rts•. WhAsl wen'l obk• to 98 much granl I19 a9 fvoFY, du• to sl•fl capauty in thè iThW•l funding wothad h8rd to inwfj our trading In¢om• We are Ixnfident that Sw TntlI wftbme LO WW. rning to attur• mor• long-tem7 kndlng. 1•filt also improwng our ¢yn str8ams. Th• cknariW8 ouUook16 optimisbc, our t••m wwards our mi4wi. Flnancl•l r•vithv Th• trust$ hav• d•t•fmin•J Lhè Iw•l ofresems that the charty whl * ha (that Is those nd5 that 8r8fr08ly availb and notpartof th• re8trfc fiJTrJl. Are bxrd6 Lfii¥. Rl•k manag•m•nt Tho ummiiw& of n¥9t have zMine Ihe m 8tral8gK, I¥)n>$ rKI opernl¢n•l the charity fac88 and c(Nthrm that systems hovo bg•n •Stsb1 to en8tAe re9ukr repofts X t• prodUd so thai th• n•wsary 8teps can bE tthn to iusenlhe8• rak8
Sea Trust Wales Report of the Corrmrfrtee oflAanegrnit for tha year ènd•d 31 Mart 2025 Stat•mtrt of C(xnm1tt8•'9 R•Op¢tI Company law rnquyes the mMit1ee io prepare finants stemeDts each 9Ne a true and fail vi8wof th8 3t8te of 8ffa¥8 ¢r the d)anty and ol th8 surphjs or of the thanty for thai period. In prepunng those financA81 ststents th8 ¢Jr•ctors We rwJw•J to: - SOW sui¢abl¢ aecountlng Oiaes and Ihen aFpty IPm consiswoy.. - make judgmonts and accDunliThJ estirn8tes that are raajor prudvnl - 8tat8 wh8ther p1ka im AccounbThJStandardJ have teen frIbYJ, to •ry M•1 d•p&rtum d1•ckd aTrY 8xthainwJ in th6 fina101 •thnnts - pr•pam Ih•f4nancig1 statements cn Ih? grj C¢M basi6 untem inwoprlate to pra8um8 thgt Ihe The corrmitt88 M rKponSl8 lor ke•F4no a¢quale accwnting rnc(ds Ihal 8fftnt to $how arJ •xplaln the ¢harlty's tran88Ctions discw with th• r•ason¥bl• •rxur4cy at any time pcffjrtn of Ihe chaTrfjty and enabl8 thom to Insu th81 Ihe finanOIslnentS wrth C¢thp•n$ kt 20Cfj. •ppluty• stsndard8, slBtsmenl of recommond8d prac.¢¢ and wuLyth?ns mado undar Charitm Act 1953 Thoy rg èiJo r•w&tAe for 8affrauarding lh8 cwtwy #Thj Iwt• Ic¢ iakn"n9 ro••on8bb •tep• loi the pr8vènb.on and d•t•con of Ir•ud ether Inegul8rit$. Thi$ roport has been prwared in o¢tylan¢• tho applc&*to •nbW to tha Imal mpaniJB ex•rnM. Ort b•half of th• bo•rd Page 7 Frnnces eggby halr, Tru•1 Walm ao
Rewrt of the Indwdenl Examiner to The Twslee$ of Sea TNst Wales for the year ended 31 March 2025 Page 8 I report on the accounts of Sea TrLt Wale¥ forthe year 31st March 2025, which are set out on pages Ioto 15. Ro$p¢¢tlve mpon•lbllltlo• of tru•tsM and •xaThln•r The ch8rlty'8 trustee8 are respor&t4e forthe preporation ol t accounts. The chaTty'3 trustee8 con8idor that an audit 18 not required for this year under séction 4312> of the CharJ'•s Act 1993 (the 1993 Act) and that an Indepdent examination 18 needed. 11 IB my ro¥)onslbilrty lo.. - OX8mire tha account8 under secti 43 01 the 1993 Act - to follow the prcc8dur•s laid 6Jwn in th• g•n•ral Ditedicrt wen ty t Ch8n"ty Commlsslon under 98cUon 4317llbl of the 1993 Act, Ind - to stale whettter particular matters have com to my att11(. B••l• of Independent •xamln•e• rnport My examinalon w•• carried out in accfKdrrte v<h the gwwal Dlradlon8 given by Ihe Chty Commiswon. An examinion includ0$ a revwi of accounb'ng rewds kept by tho ¢h8nty 8Th18 comparison ofthe a¢X¢)untg presented wth tttose records It aso Irude$ consideration of any unusual rtemg dSsclosures In the aGGounl8, and seeking explanatn5 you 88 trustees conwnin9 any such fflatt•r¥. The procedures und•rt•ken do not provide •ll the evidence that WCAJkl by reqUd in an •udit and corHequently no oplnlon glven as lo whether the accounts prewl B Irue and f•lr wvj r•port A Ilmiled to those mallerj 88t out in the statement below. Ind•p•nd•nt •x•mln•rf• •tst•m•nl In connection with my oxomln•tion, no mattor has comè to ry 8ttentK)n'. 111 lch give8 me reasonoble eALt8e to bd1• th91 In ony rnth" respect the requirfftnt•'. . to keep accounttng record6 in accordatKe seckn 41 of th¢ 1993 ALI.. . to pwpare ac¢ountg which •c¢ord witti the enIIng rec(xds aThJ ¢CAY with the acc(wnting requir•m•nls of ts 1993 Aci ha not 8 met. or 121 to which. in my opinicyj, •ttèMion I1Ed t* drawn In Lvrlgr to ¢110 a Frfop•r undwstanding of th• 8CCOkwII8 to be reathd. S.J. Davlol B.Sc{Honsl Econ. FCCA Chart•r8d C•rtthed Accountant Ty Lwd Llmlt•d Va Prltchard & Co 16 Maln 8tre•l Flshguard Pembrok•shlrn SA65 9HJ 13th January 2026
Sea Tru6tWl•¥ ststgrTrwl ql Finanoal Ad¥itiFs forlhe year end1 31 March 2025 Pa9e 9 31 2026 Total 31 Mar 2024 Tatal fvnds funds INCOME Donats'on5 and Gr8nts charitab •ctiwt Other tradiry activitsl Inv•8bMnt 23.498 23.498 10.747 5.890 148,882 35,004 23.4 18,763 110,321 73 10.747 5.8 148.882 494 17 EXPENDITURE ON Charrt8blo 8ctM1 Olh?r trodry actwitk•• M4nigemenl Finan Infomalon T•thnclc4Jy 42.732 Q3,532 45.448 38.899 8.909 1.777 41,425 50.779 41.425 SO,779 1S4,314 42,732 NET114C0IIExpENDIjRE) 22,49) 131,9851 19,5351 3,IX12 RECONCILIATION OF FL*IDS TotAS fiJnd8 troughtforward 18.641 31,985 47.e24 TOTAL FUNDS CARRIED FORWARD 41 41.091 CONTIWUING OPERATIONS AJI InrnI ey4endhure has arkn•n from ¢onth'niMr•J •th
Sea TtlJ81 Walos sta19menl of Assets and Liabilities as at 31 st March 2025 Page 10 31 IAar 2025 31 Mar 2024 Total Total Funds Fund5 Unreth"¢#ed Re5tnded furKIs fvrK15 FIXED ASSETS Tanglble Ass615 1312S4 131,254 126,940 131254 131.254 126,940 CURRENT A88ET8 Stock Debtors Bank account and ¢8$h in hand 11,616 8,782 40 480 60,878 11.616 8,782 40,480 80,878 9.134 4,354 91,S19 105,007 TOTAL ASSETS 192,132 192.132 231,947 CREOITORS Amounts falllng due thin one year 17.875 17.875 38,440 Amounts fallln9 In mcTrthen y•or 133,166 133,1e6 142,881 TOTAL LIA81LITIES 151,041 151,041 181.321 TOTAL ASSETS LE88 TOTAL LIABILlnE8 41.091 41,091 50,628 NET A88ETW{LIABIUTIE8) 41,091 41,091 50,828 FUNDS Unre8tr6cted funds Restrictéd funds 41,091 18,840 31.986 Total fund• For the period ended 3181 March 2025 the Company wa8 .• to under $477 01 the Compartie8 Act 2006 f•latsng to small eompani•S. The members have not rewirnd the compgny to ots'n an Jdll In Ixcorfance vthh Jeln 4T6 of I CompaNe8 Act 2006. The directors aCknoad98 their responsibilrties WnP]rvJ wllh requiremerrtB of the Act with mp•ct lo accounting records and the preparalion ol aceounls. Th88e accounts have been prepAred in with provi8iM8 applic to componie$ 8ubJ'o¢1 to tho small companies r89ime. Appr by the board arKI gned cn their beh•W by Frances Eggby 12th January 2026
Se8 Trust Wales Notes lo the AcccJn18 for th8 year ended 31 Mah 2025 1. Accountlng Pollcl Paga11 8a8th ofAccountlng The accounts have téen prepared wder the histoncal cost convention and tn aLXOfdance swth apF4icJle UK Accounting Stsn¢Jards. In preparing the Ount$ the charrty follows best pradco as sel in the Statemont of Re¢ommeTrYed Practic•"Accountlng and Reporting by Chwltie8' ISORP FRSSE) effecbve 1 January 2015. Incomg Income is recognised in the period In wtiich the ch8rity Is enbtled io rttolpt Ihè amount t4n te measured with reasonablé certainty. Exp•ndliurn Liabilities ar• ro918¢d oxpenditure as SCA)n as ther• 18 8 legal or wislru¢tive ols8t1 ccmmitting the charity to that expenthture. it 18 Fob8ble that a tr8n8fer ol economir benefits wlll be reqLrea In getuement and the amount tho obloation can bè m•a8ur•d rdiably. Expenditure is accL)unted for C an accruals basis and has teen da$fied under headings Ihat awr•gat• all C081 rdatpJJ to that category. Whoffj costs cannot be (Jireclly aithbuled to party1¥ headingj Ih8y have bean alloc•l•d to activities on a basis con8i816nt the use of rnsources. Taxatlon Th• ¢hgrfty Is exempl frcth 18x on rt8 ch8rtt8ble x1ivits. Fund •¢¢ounllng Unreslricted fund8 can te u8ed in 8ccord•rKe with th•ritabb c4ective8 81 fv di8wlion of th• tru81•08. Restricted furKI$ ¢8n only be used for a p•rti¢ul•r restrKed purpos wlthln thè object8 of tk charity. Ro81rlons ari wth8n SFecffi8d by th¢ th)r4x or wn fvnds afe rai8•d for pa¢10T restricted purpo808, 2. Don•tlon& L•gael•• & Oth•r In¢omo 31 Mah 2025 31 March 2024 Donation8 Grants Charitable actlwtSes Other tradlng aVI•S Investments 23,498 10,747 5,e90 146,882 35,004 23,406 18,001 111.083 73 187,587 187,511 3. Charltablv •¢tlvltle• LXr•ct Co8 Support Costs (see nole 41 Totals Charitsble xtivili¢$ Man•3ement Costs 139,718 139.716 59,087 139,716 59,087 198.803 4. Support Costs Information GO¥ Margw Finance Tethnology rLJsts Totals 50,779 8.308 59.087
Sea Trust Wales Note$ lo the Accounts for th& year ended 31 March 2025 5. Truste, remuneratlon and bonoffts Page 12 There were no trustees, rernLernti0 or other bfft$ for the w endtrj 31 March 2025. Trust5. •xp•nses There were no Irustee6' expenses paid the yearended 31 Marth 2025. 6. Staff Costs The averng? nurthr of mLYthly ernOYees during Ihe yww88 as folltyw8 :_ 31 March 2025 31 March 2024 7. D•btor• 31 March 2025 31 March 2024 Tfado deblorn Other debtors Pfepaymenls 112 197 4.045 4.354 222 3,0 8,782 8. Crfjdltor•: amounts f•lllng du• aft•r mor• than on• y•ar 31 March 202S 31 March 2024 Trade Credrtors s181 Security ad olher tax•8 Pension 8¢h•m• Other creditor8 Mortgag• Sea Tru81 Community Interest Comwny AeefU818 and deferwl Income 5,281 1,621 1,754 1,475 309 339 2,577 459 2.809 7,725 17,875 31,986 38,440 9. Cr•dltor•: amounts falllng du• aft•r mor• thin on• y••r 31 March 2025 31 March 2024 Mortg09• Sea TTU81 Community Intw•st Cwpony 118,010 17,158 133.1e6 118,819 24,082 142,881 10. Mov•m•ftt In fund• At 31 Pkf 24 Net movement in lund8 Al 31 Mar 25 Unr••trlct•d fund• Unrestricted funds 18,841 22,450 41.091 Rgstrlct•d fun Réstricted fur8 31,985 131,985) $0.82e 19.535} 41,091
Sea Trust Wales Notés to th6 Accwnt8 for the year ended 31 MarGh 2025 Page13 10. Movement In fund• Icontlnu•d) Net movement In fiJnd8. InCded In the aLThie 4re as fdlom.. Itxoming Re80urc•s ResJre5 Expended Movement in fundB Unr•strktod fund• Unreslrlcted fund8 176,764 154,314 22,450 Restrlcted funds Restrlctsd funds 10.747 42,732 131,9851 187.511 107.048 (9,535) 11. R•l•tod party dl•cloJurng TP*re V••re no rolaled party tran¥a¢tion8 lry the year ended 31•t Morch 2025
Sea Trust Wales Note$ lo the A¢ccAJnls for the Ye ended 31 Marth 2025 Page 14 31 March 2026 31 Iblarch 2024 Income Oonatlons and l•go¢l Donatiorks Grants Charltablo •ctlvlles Recharging of ul11.8S Room and Ocean18b rental othar ¢haril$ble activitses Oth•r tr•dlng actlvltles AquarvJm Tour Sakn a Grft sales Rent recei Fundrai8ing Ad¢JPt a porpoi8e Se88hor• 8af8n onsuiian¢y Inv••tm•nl•. 8ank interest rewvad 23.498 10.747 35,004 23.406 14,555 2.946 1,263 1,501 125,259 18.000 2.719 8,528 13.217 1.001 200 91 73 187,587 187,511 Exp•ndltur• on: Chidtsbl• •¢Uvltl•• L8bour costs L¥bour ¢0818- ernployer p•n8ion Trainin9 Deprè¢i8tion 94.389 1.810 91.210 1,785 537 335 Expendlture on,. Oth•rlr•dlng •clfvrtl•• Glft Shop purch83es ProieLts expenditur• Aquarium cost8 34,158 5.389 1,878 41,425 21,312 19,987 4,149 45,448 Support co•ts . M*n•g•m•nt Adverti8ing & Markating R418$ Travel eyn8•8 Insurances Light & He8t Cleaning Repair8 & Ren6walJ IT softwwe & ¢on8umabl88 Postsgg Sialion¢ry & Office Suppli Telephone Costs Subscriptlons Sundry experises 1,824 2.177 1.184 S.207 26.220 1.322 7.974 1.213 1,740 1,133 211 1.697 21.851 1,202 4.793 35 578 304 981 1.270 1.059 50.779 1,529 1,186 Fln•nce 8ank tharge8 Card Charge$ Mortgage interest Informatlon t¢¢hnology Equlpment. repalrs and renvwals Q41 2,991 5,341 91 2,505 4,313 1,777 8.308 197,046 T¢X81 resources expendad Net income 184,565 9.535 3.002