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•• Tr￿t 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 ￿n￿cIal slatwneni8 S*a TfUStWa18$ R8POrtof the Commiltee of Managernent t￿ year en￿ 31 March 2025 Page 2. Th8 c¢JTnTrHitee ofm8nagement pr•wits rt r•port*ith 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• Etr*Mrd Crr&ss Cènan Groro* {Apw'nt8d 3rd March 20251 Gil*n Mary Pr IApw"ntsd 3rf 20251 Cth'ff 8•ft IRgsun•J 14th Augusl20251 Msntyn Jbnknns 111•s4n•d 31st M￿h 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• P*c•, Howrfoth*si 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)mit*DIIy •e• to be • m*nb•r Cto. Go¥•rnlno docum•nt S•1 TrnstW8b$18 o ChorW*k• ￿￿orPOral0￿ 0ryJ•nl￿tr0Tr gty•m•d by rt• M•mor•ndLm ond Artkknj ofA•6ocl*ion", it bi 4Mo • rtywt•red ¢h•iity *ith tr* thirty AS jet out In th9 CQn8btution IBp•rt lffjrn lh• knt ¢h81ity Ir￿1￿) MrytrLMl•• mu•t be aFwnted lor • thrm ol up lo four yearn by i molution p•••g(J al a properly ¢on¥ened rr¢•b'ng pf the GharAy trust••i New truste95 und•rgD an ¢￿14th￿ to Ih•m as to tM*r *al obf4abJni und•r thArty and company law, t1￿ commrttee and decision m•kwyJ procau•¥. the b￿N)e•S plpn arKI r9c￿l fin8ncval pDrfowmanu cf the th81ity. Durkng th• Induction period they YAII rn181 All ￿P10>•￿. try$*• #Thl commrd•• tMry*w6. TN$we$ are èncouraged to att•nd •xtomal trllining th*nts thal ￿11 11a￿te 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 on￿rOnMents and the phys￿￿ ar￿ natu￿ Orwwonwnlin aFKI ts COI)5w¥aiR)n. 2. To promot8 lor thé b8naftofth9 Wc. the p[r￿￿K￿. 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¥nmunit*8 8ThJ ichool$ lo imwL¥ve ocean lrt¢ro¢y- onhoncwg publ￿ undèr11¥d￿. •ngagern•nL ￿ rnsponsib￿ b8h•vthir knv8rd8 Iho O￿an. With a history of ￿18￿￿8n $uNey￿g. ￿ wn a CdE•rb sti￿¢• PorFW Photo ID prrijd, run r8guLqi shor& b)at 8urveys, $no ¢6nlMbuts io k￿1 *kllrfe Mc￿1b)r￿V4. *ith r•warch on 8LKh as otter IMLS, Seabirds S•0 Trusi •nrich•s ts ocSuc4tional Catch S R*•850 aou8rMJm cthribut th'roctty to marir* con$•Nation wilh th• Rewd8 Mor Wè also njn 8•v•ral educat￿ trg•ch proJBCl8, Int￿￿1n9 a school •ngyFMnt ir¥lLqtlve ar* a Y￿1h MarTh7 Biolcyy Cl￿) We work closely wllh ichoc46. ¢Dl*w, Unh￿r0e$. rngulaty ho8tyn9 Wort •wence siudents Jnd Univ•rJity UndW9r￿Uate pl8￿m￿l •¢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 $t•wd up Into the Projocts Mand￿r rok*, and lh• Staff t•am w r•iiructured to Include rn¢yo fvnding and adminiJtraiiv• •upport, *ith 8 C￿[ty1￿Mindstra1Or. Som Cox. and a Morfr• conmNai￿ A4si$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 1￿MInIStrat￿• PiO¢gu•• art rnsponsi￿.Jrt•I, streamhnmg ¢)ui pol*￿ •nd pro¢4dur•s, and 6pli¢ling tho ch•rltys￿rk rnoro tffèdiv•ty t¢ mlmo tC*locu$ w (*INenrrfJ lh• Charitrfi Alm8 an(1 obi•ctiv•¥, with n6* eyrfA• on charty ￿M￿*t￿￿on *rfitn th• t•am. Dunng 2024-2025, our Chwrty AdminAtrnior hug•ty rywowd Sea Tru81'1 *Y￿104#y NnrAng. org•nlsati¢n. p¢1￿￿. •nd fundiw ￿p•bilitIeS Taklf*J 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-year￿Idl. ¢¢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 H￿t ITig8r Sturtg•iil. •qu8dum, voluntOor•. Ind Intsms Thw81orn. u0￿6 b"Il• thang•d t Aquorlum Manapr & Pr48ct Officer In Mar¢* 2025. Th• Pr4•ct• M•nage￿3 role wo8 chary•d ¢0 Chartty Dl*ctor 2025. to nh1•ct Nadla'• fvll responslbllitro•. Our Finan¢x Officer. Frtedgdk• Sthmidt. t￿￿U*0 ¢0 ry(o¥• th• Ch•rity• fmnd•l man8gem•nt and w•$ In Jowjrai aweatlons. We cont'nuod to Iowgfdi our akn oftyTOVry ffflaDtaal lo1f￿ffiWV to becune relont on grant funding. In April 2024. mad• a iigTrrfunt ¢h•ry to IK* Nnnty olour C•lch & Re￿0￿ •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(l*kn morino11o Increase 8warenè88 th• Importanra of marim conserva￿On. Wg had 8N¥8y6 mn ts aqUar￿M wlh 1-huJr timtr$Fecrf gui(l•d tourn. ￿kn￿Ver, wo'd be•n rKeThing 1••(tJack that dKJn't 8Urt 811 vknrtors, it Iknh•d tr• IS￿￿￿1ty 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. 7*ther• couha •xF4oT• U8rium yours•M. wth a qu1(19 on Thar￿ t¢ anwr q￿511￿9 and (le￿￿)r￿tra￿ •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 In￿91 Wlhing wu•s, wlh It• team needing to adjust to the new $ystgrn, ￿ rDceived glèat feadbad¢ visrtorj on the rno fl•xble 8pproath. Wè w*nt 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$0 h¢xts sthaol. homè education, youth groy, empknffjl￿f grouF6, ALN 9roup$. and ¢A)ffrnunity groups fvoughwl ts >t8r fer ¥Juanurn twrs and educat￿￿￿ *urkshop$. TTh•se vislis usually also indude a Seashore Safori- rockpookng on Gcpx*rt* Sand$- Qr a wi￿lffe 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 OfManagtr￿t for tho yoar •nUTh￿ rnèmtérs ￿ wbJf• IM c4•it rnore In th•ir bm. Futur• Page 6 In March 2025, we w*re no11￿￿ thatTrA*'d 88oJred £30.rKo *YJth ofCcAg Fur¥J¥ig frrmn The ForB. to paid oul 0￿r th8 r￿xt 2 Tinanclal ￿ar8 Thm was a hw win fDr the Seo Trust tsam, h•J ¢ollaborated on the apphcatK*n. Thw k8 frst Cfye fuTh*r4 h•v• wurtd. rt'B JTwsNety bènèficlAI to th• chaity. Wtth the fwding, At ha¥e been able tc Ama Webber￿lI ro￿ from Marlne Conaeryation A35rJtsTrt lo the of 141anm CO￿1*81￿ Educat￿$￿ offl￿1. from April 2025 Wo have alBo partnernd wrth Natyr Am 8ylhl M4yin• ConseryalKn SKth, to nbnw the RéGryd6 Mèr project from ￿￿12025 8 Cornmuntty s￿￿trI Sth•m• P•ym•nt S TNs1's exc•l￿nt relauon$h* ￿th lo¢& fiithng hal t•en r8Lwni*d. and *il )ftbnue te develop th¢ ￿l￿1#r•cOr￿mY fishing geAf 8¢hwe. Our Hathr po￿1￿ 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 to*41 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 Foundat￿n- 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 $1off t•4m ￿￿•r th• mart•ilern￿1 of L*a Willams h•* wrkad and ar• ￿0(1 by fv loc•1 ¢ornmunty. VOI￿rt￿rI We hive e tow of 65 voluntq•rn at S•1 Tnjlt, •cross a r8ng• 0Trc4•5. We h•¥0 • t•im Of S ¥olunts•ro who work on our m81lltsnant• t•8m. blngir¥J Ihw"r •xi¥lonl sltils to malnmin and Onhafict Ocean Lab, volunt••rn who •ok*ly on ¢ur Psypots• Photo ID warL*, V￿Unt*•rs on the tronl d••k ty In the aquarlum. and v(4un¢••r¥ who w11￿bUt0 io ￿Ver41 rc49$ Sw Trust. W• wowd• tr•ininG lo ¥olunt•ers •n¢ oft•n prov*0 ¢•r￿r (s￿h •s aquarffjt •Vnen￿l to our un9 volunt••ri. allow￿9 ih•ffl to proy¥8 Ih•* careers. We rlty 8 grnat d•d ￿ ryJr incr•Xio volunt••rs woukj not be abl• h*fof*th•t*• th ￿O￿t tr¢m. Intsm8 and PIKw•nt S￿d•nts From Aorfl 2024- March 202$, hothd ten Un￿r￿ty p￿c¢M*M •nd fow intem8 {• M￿MuM offv8 &lLQents 8t 8 ￿r￿1, frorn 6•Von Urowr5rt￿. Vve prth Ourse￿ onworklrrtJ ￿1h ranp of unl￿(81￿¥ and Col*• tho UK, providin9 m￿h-n¢edtrj ¥Xwr*r￿ and Opportunrt￿8￿o thg next gèn•rst￿n ¢1 Mari￿ s¢*ntists consefvation**. Tl* pLqcern•nt ¥luthnts are a huge JI￿t to Sea TruBt they wth ￿, briryro •nIh￿0￿, eXc￿rIa rth¥ projects. and Innovative r•s••rch 8unwn•ry 2024-2025 was a yw ot¢hor¥e aThl gr￿￿h1o1 SÈA TNII Wakn•. W• 0￿rged wth a wonger. mor• resillenl Staff t••m, with a larrJw r•rw ol BklLb, bxkgrounds, and •xp•rts•. WhAsl wen'l obk• to 98 much granl I￿￿1￿9 a9 fvoF*Y, du• to sl•fl capauty in thè iThW•l funding wothad h8rd to inwfj￿ our trading In¢om• We are Ixnfident that Sw Tn￿t￿lI wftbme LO WW. rning to attur• mor• long-tem7 kndlng. 1•fil￿t also improwng our ¢y*n str8ams. Th• cknariW8 ouUook16 optimisbc, our t••m wwards our mi4wi. Flnancl•l r•vithv Th• trust￿$ 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¥9￿￿t 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• prodU￿d 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* st*emeDts 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 stste￿nts th8 ¢Jr•ctors We rwJw•J to: - SOW sui¢abl¢ aecountlng Oiaes and Ihen aFpty IP*m consiswoy.. - make judgmonts and accDunliThJ estirn8tes that are raajor￿￿ prudvnl - 8tat8 wh8ther ￿p1ka￿ im AccounbThJStandardJ have teen frIbY￿J, to •ry M•*￿1 d•p&rtum d1•ck￿d aTrY 8xthainwJ in th6 fina￿101 •th*n*nts - pr•pam Ih•f4nancig1 statements cn Ih? g￿r￿j C￿¢*M basi6 untem inwoprlate to pra8um8 thgt Ihe The corrmitt88 M rKponS￿l8 lor ke•F4no a¢*quale accwnting rnc(*ds Ihal 8fft*nt to $how ar*J •xplaln the ¢harlty's tran88Ctions discw with th• r•ason¥bl• •rxur4cy at any time pcffjrt￿n of Ihe chaTrfjty and enabl8 thom to Insu￿ th81 Ihe finan￿OIs￿l￿nentS wrth C¢thp•n*$ 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•c*on 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 TrL￿t Wale¥ forthe year 31st March 2025, which are set out on pages Ioto 15. Ro$p¢¢tlve mpon•lbllltlo• of tru•tsM and •xaThln•r The ch8rlty'8 trustee8 are respor&t4e forthe preporation ol t￿ accounts. The chaTty'3 trustee8 con8idor that an audit 18 not required for this year under séction 4312> of the Char*J'•s Act 1993 (the 1993 Act) and that an Indep￿dent examination 18 needed. 11 IB my ro¥)onslbilrty lo.. - OX8mire tha account8 under secti￿ 43 01 the 1993 Act - to follow the prcc8dur•s laid 6Jwn in th• g•n•ral Ditedicrt wen ty t￿ Ch8n"ty Commlsslon under 98cUon 4317llbl of the 1993 Act, Ind - to stale whettter particular matters have com to my att￿11(￿. B••l• of Independent •xamln•e• rnport My examinalon w•• carried out in accfKdrrte v<h the gwwal Dlradlon8 given by Ihe Ch￿ty Commiswon. An examin*ion includ0$ a revwi of ￿ accounb'ng rewds kept by tho ¢h8nty 8Th18 comparison ofthe a¢X¢)untg presented wth tttose records It aso Ir￿ude$ consideration of any unusual rtemg ￿ dSsclosures In the aGGounl8, and seeking explanat￿n5 you 88 trustees conwnin9 any such fflatt•r¥. The procedures und•rt•ken do not provide •ll the evidence that WCAJkl by reqU￿d 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 ￿e￿nIIng rec(xds aThJ ¢CA￿￿Y with the acc(wnting requir•m•nls of ts 1993 Aci ha￿ not ￿8￿ met. or 121 to which. in my opinicyj, •ttèMion I1￿Ed 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 end*1 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 NET114C0IIE￿xpENDI￿jRE) 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 In￿rnI 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 $477 01 the Compartie8 Act 2006 f•latsng to small eompani•S. The members have not rewirnd the compgny to ots'n an *Jdll In Ixcorfance vthh Jel￿n 4T6 of I CompaNe8 Act 2006. The directors aCkno￿ad98 their responsibilrties WnP]￿rvJ wllh requiremerrtB of the Act with mp•ct lo accounting records and the preparalion ol aceounls. Th88e accounts have been prepAred in with provi8iM8 applic￿￿ to componie$ 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 Accc*Jn18 for th8 year ended 31 Ma￿h 2025 1. Accountlng Pollcl Paga11 8a8th ofAccountlng The accounts have téen prepared wder the histoncal cost convention and tn aLXOfdance swth apF4ic*Jle 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• ro￿9￿18¢d ￿ oxpenditure as SCA)n as ther• 18 8 legal or wislru¢tive o￿ls8t1￿* ccmmitting the charity to that expenthture. it 18 F*ob8ble that a tr8n8fer ol economir benefits wlll be reqL￿rea 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$*fied under headings Ihat awr•gat• all C081 rdatpJJ to that category. Whoffj costs cannot be (Jireclly aithbuled to party￿1¥ headingj Ih8y have bean alloc•l•d to activities on a basis con8i816nt ￿ the use of rnsources. Taxatlon Th• ¢hgrfty Is exempl frcth 18x on rt8 ch8rtt8ble x1ivit*s. Fund •¢¢ounllng Unreslricted fund8 can te u8ed in 8ccord•rKe with th•ritabb c*4ective8 81 fv di8wlion of th• tru81•08. Restricted furKI$ ¢8n only be used for a p•rti¢ul•r restrKed purpos￿ wlthln thè object8 of tk charity. Ro81r￿lons ari￿ wth8n SFecffi8d by th¢ th)r4x or w￿n fvnds afe rai8•d for pa￿¢￿10T restricted purpo808, 2. Don•tlon& L•gael•• & Oth•r In¢omo 31 Ma￿h 2025 31 March 2024 Donation8 Grants Charitable actlwtSes Other tradlng a￿VI￿•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¥￿￿￿ Mar*gw￿ 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, rernL￿ernti0￿ or other b￿￿fft$ for the w endtrj 31 March 2025. Trust￿5. •xp•nses There were no Irustee6' expenses paid the yearended 31 Marth 2025. 6. Staff Costs The averng? nurthr of mLYthly ern￿OYees 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 s￿181 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 fur￿8 31,985 131,985) $0.82e 19.535} 41,091 Sea Trust Wales Notés to th6 Accwnt8 for the year ended 31 MarGh 2025 Page13 10. Movement In fund• Icontlnu•d) Net movement In fiJnd8. InC￿ded In the aLThie 4re as fdlom.. Itxoming Re80urc•s Res￿Jr￿e5 Expended Movement in fundB Unr•strktod fund• Unreslrlcted fund8 176,764 154,314 22,450 Restrlcted funds Restrlctsd funds 10.747 42,732 131,9851 187.511 107.048 (9,535) 11. R•l•tod party dl•cloJurng TP*re V••re no rolaled party tran¥a¢tion8 lry the year ended 31•t Morch 2025 Sea Trust Wales Note$ 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