Marlne Re5ear¢h and Con5ervatlOD Found8tlgn
REPORT AND
FINAf4CIAL STATEMENTS
for the Year Ended 30 April 2024
Charity Nurnber 1190861

Marine Re$eY4rch Conservation Foundation
Reference and Ad￿inIstr￿tive Information
Admtnistration:
Marlne Research and Cottservation Foundation
The charity is a Charitable Incorporated Organisation registration number 1190861,
registered with the Charity Commission on E4 Augusi 2020.
The charity is registered with HM Revenue & Customs
Website..
w.rnare¢o.org.uk
Correspondenee Address:
Etnble Fartn
Lydeard
8t T Awrente
Taunion
Somerset
TA4 3SJ
Independent Examiner:
James Liptroit FCA
Haitles Watts
Chartered A¢countant5
Cliffe Hill House
22-26 NottinghaTn Road
Stapleford
Nottingham
NG9 8AA
Banking Address:
The Tea Builditlg
Shtsreditch High Street
LondoD
E16J
Registered Charity Number:
1190861
Trustees:
Samuel Matthew5- Chair
Williarn Giles
Benjamin Whste

Marine Resexrch and Conservation Found4tlon
Report of the Trustees for the Y¢•r E￿ded 30 April 2024
Structure. Govern*nee & Mansgemtnt
overnln
Document5
The Charity is governed by lis Constitution. which was estsblished on 14 August 2020.
The charitable object is io promote the conservation, protection and improvemeni of the physical and natural environment in
purticulor but not exclu3ivcly by conductin8 and assi$ting th¢ ¢ondu¢tin8 of T¢scarch into tnaiin¢ mcgafaujia sp¢ci¢s ￿ld
their habitats at)d by raising public awareness and understanditjg on $u¢h matters.
Trnstee A
ointme
tand
Inin
There must be at le&81 ihtee ¢h)rity trustee5', there is no set maximum of charity ttust¢e5.
In aceordan¢e tvith the charity's Constitutioa, every llusiee must be apptsint¢d by a resolutiim passed at a prop¢rly ¢onYened
meeting of the trusttt5.
When 5el¢cting individuals for appointment as ¢h#rity trustee5. the charity trustees must have regard to the skills. knowledge
and experience needed for the effective athninistration of the CIO.
Ttustees are encoura8ed to participate In d¢veloptnentsl opportunities a5 and when appropriate.
AehleveThents and PerfoTman¢e
For the financial year ending April 30. 2024. Ihe Marine Research and Conserwation Foundation (MARECO) continued to
expand its work on threatened marine megafauna both in the UK and intcrnationally. Our income for this period came from a
range of organizations, inelllding The Godolphin Trust, The Fishcries Society of the British Isles. The British Council, Stop
Finnin8 Deutschland e.v., Newcasde University. The Shark Foundation, and Mission Erde e.V. Addilional income was
provided by private donors through monthly or one-tiEne contributions. as well as partnerships with priva1¢ S￿tOr
organi7.ations. includira8 MA$lÈr Liveaboards.
MARECO maiDiained its commitment to supporting $nJdertts aDd building Capacity for early-carecr marin¢ s¢JentlSts in the
UK and abroad. Thi5 included work in Malayssa, Indonesia. Ihe Phslippin¢s. and the Maldives. In summer 2023, we partnered
with Celtic Deep CIC to host SharkAdemy, a training r¢siden¢y for aspiring shark researchers. This fully funded program
focused developing ¢s5cntial skills for care¢rs ID shaik conservation. particularly skills that are oft¢n limited by funding or
accessibility. Th¢ trial program su¢cessfvlly ertgaged eight partLcipant5. leading lo an expaoded Cohort of18 candidates in
summer 2024.
Dunng ihis financial year, we also eontinued supporting a Newcasile Urtivetsity PhD studcnt in three main rese2r¢h
obJectiv¢s-.
Developing non-invasive, Iow•¢OSt methods to study blue Sharks in the wild, avoiding capture and minimizing risk
to the ani￿alS, with funding from The Weston Garfleld Foundation {received in the prior yearl.
2. Ctsnducting a global population genomics $tudy to identify 5ubpopulation struetures tn blue sharks. aiming to
inforrn localized managemettt strategies, with support frotn The Shark Foundation.
Trbliii¥ th¢ eff¢LtivencbS of ferrlte as deterrents for blue sharks on longlines, fimded by the Exp¢riment
Foundatiott Ipr¢vious financial year).
All three projects are ongoing, wiill results and recommendations expected by early 2025. This work 15 made possible through
Collaboration with blue shark swini-with operators in the UK, who actively share encounter data &nd in5ight5 to help identify
the drive￿ of blue shark pre5¢nce in UK waters.

Marine Rejegrch Con$erv#tion Foundatio
Report of th¢ Trustees for the Ye*r Ettded 30 April 2024 {continued}
Achievements and Performance (eontlnued)
Internationally. MARECO has provided tools, guidance, and support for swdy design. data analysis, and fundin8 appltcatiot%$
to partners and collaborators. In Malaysia, we continue working with Univetsiti Malaysia Sabah to undcrstand the distribution
attd thT¢a¢s to endangered whale sharks and moblllid rays. In lrtdoD¢5ia. we collaborate with Mataram University to study
iurtl¢s and whale sharks, including research into the impa¢15 of touristn on whale sharks using advanced technology. Jn the
Philippines. our work with San Carlos University explore5 the relationship b¢tween whale sharks and reef fjsh ¢ommuniti¢s. In
MyanmaT. in pamlership with the Myanmar Ocean PTOj¢CT and with support froln The Briiish Council, we swdied the Moken
people's relationship with the marine ertvironmeTLt, identifyiTLg opportunities for shark and ray co*Jservation through local
stewardship. These projects are ongoiTrg and will conlinuc through 2024 and 2025.
In February 2024, MARECO'S Concerted A¢tion ICA) plan foT blue sharks was adoplcd by the Convention on the
Conservation of Migratory Species of Wild ADitna15 IUNEPICMSI at COP14 in Uzbekistan. The plat) includes
recommendations to improve martagement of thi5 threatened 5p¢ci¢s, such &$ using population geno]nJ¢5 to identify
subpopulation structures. developiThg a unificd code of conduct for swim-with operations, and studying p05t.relea5e
survivability after Iish¢rie$ Trnternction5. MARELO will pursue thes¢ actions over Ihe ¢oming years.
Throughout 2023 and 2024. MARECO continued supporting the IUCN Species Sutyival Commission Shark Specialist Group
in its global r¢vi¢w of rhondrichthyan fjshes. We coniribuied to sections on tourism. eagle Tays, filter feeders, and species in
Asia. Additionally. we are assisting in d¢v¢loping the IUCN GreeTL Statu5 for blue sharks and preparing for the reassessment
of whale 5hark5 in 2024-2025.
This financial year. MARECO led a Elobal Sttldy 25ses5ing the Tisk of larKe ve55el collision5 Wlth endangered whal¢ sharks at
known aggregation sites, based on expert elicitation. Thi5 re5¢arch, published in early 2024 in ScienGe ofihe Tolul
Environmepjt. was also reported to CMS. We are now expanding this work to examine how habitat shifts driv¢tt by climal¢
Change might affect these risks, as such thanges Could have seveie consequences for the world's largest fish.
How the Public H8s BeDeflted
MARECO'S work b¢t)efits the public by advancin8 the conservation and management of marin¢ megafauna such as sharks and
rays. Duri08 the fityan¢J#l year ending ApTiI 30, 2024. MARECO provided exlengive scietttifi¢ and t¢rhnical support to
improve the managem¢ttt of these sp¢cie5 itl both the UK and internationally. Our own research fi￿her support5 the
conservation of threatened species, helping ensure healthier marine ecosystems for fvwi¢ gencrations. Additionally. we ar¢
Commiiied to nurtUTing the next generation of marine scientisL8 through stydent support and capacity-buildin8 initiatives, both
in the UK and abroad.
Fin&nti81 Revi¢w
FOI tlir fJILi)n¥ial yrur rtLJin¥ 30 April 2024, we reccivcd 5¢vrn graTJts £62,409 12023.. £42.794) and scvcn private donaTltsns
£19.66412023.. £4,4641.
Poiiey on Reserves
The charity's policy on resetves is io genera￿ and Tnaintain a balance which is suffieient=
al To preserve the finaTr¢ial viability of the charity in the event that unforeseen andlor unavoidable ¢ircuTnstance5
precipitate a short-terni fall in its income:
b) To etLabl¢ the cbarity. in the interests of n)e¢ting its objeciives. to undertake from time to titne the settÈng llp of o¢w
and innovative projects on a pilot basis to d¢monsltat¢ Ihe viability and potentiel benefits of such aetivities as a
precursor to securing the external funding n¢¢essary to mointaiD such prO1￿ts oll an on-goillg basis.

Marlne Rese*rch and Conservation Follndatio
Report of the Trustees for the Year Ended 311 April 2024- ¢ontlnued
Statutory Ststement$ on Llabillties
The tnjstees declare that..
The charity has given no guarant¢¢s where potential liability under the guarantee is outstanding at ihe date of this
Statement.
The chariry has no debt outstanding at thc date of this Statement which is owed by the CIO and which is secured by
att express thaTge on any asscts of the CIO.
De¢laratio
We, the Trustees, thlare we have approv¢d the Trustees. Report above, ond are authori%d to Slgn It on their behalf.
Full NaTne'. Mr Samuel Matthews
Position.. Chair
2410112025
Daly

Independent ExgmiDer's Report to the Trustees of
Marlne Research gnd Conserv8tlon Foundatiort
I report lo the Twstees on my examination of the accounts of Marine Research and Cons¢rwallon Foundation for the yeaT
ended 30 April 2024.
Responsibilitles and b*s1s of report
As the chatity tntstee5 of the Trust you are rcsponsiblc for the pr¢paration of lh¢ accounts in accordance with the requirements
of the ChaTities Act 2011 ('the Aci.).
I rew)rt in respect of my exarniThatiot) of ihe TNsi's a¢counts carried out under Section 145 of the 2011 Act and in carrying out
my examination I have followed all appli¢abl¢ Directions 8iven by the Charity Commission under Secrion 145{51(bl of the
Aet.
Independent Eximlner's Staiemtttt
I havc cornpletd my examination. I c(pnfirm that rto mat¢ria] matt¢TS havc to my attention in connection witli th¢
examination ￿ving me eause to beli¢v¢ that in any material respect'.-
Accountin8 records were not kept in re5PWt of the Trust as required by Section 130 of the Act. or
2. The accounts do not accord with those iecoTd5.
I have no concems and have come across no othcr rnatters in connection with the examination to wljich attention thould be
drawn in this report itt order to ertable a proper understanding or the accounts to be reached.
an 21, 2025 08..12 GMTI
James Liptrott FCA
Chartered Accountattt
Jan 21, 2025
Datcd ...................................................
Haines Watts
Chartered A¢countants
Cliffe Hill House
22-26 Ntsitingham Road
Stapleford
Nottinghaln
NG9 8AA

Marine R￿earth Conservation Foundgtion
Re¢elpt$ #nd Paymenrs Account for the Year Ended 30 Aprll 21124
2024
Unre$tricted
FunLis
2023
Total Funds
Rtstri¢ted
Funds
ALANCE BROUGHT FORWARD
Wise bank account
3.534
3.534
35,238
10,948
RECEiYr
Donations
Grant5
Sundry receipts
13,758
10.0
5.906
52.469
4,464
42,794
69
23.827
58.375
PAYMENTS
Consumables
Travel & accommodation
Meetings, events & workshops
Expenses reimbursed
Grants
Services
Bank charges
Accountancy
925
1.560
28,399
3,082
584
1,986
1,643
359
271
14,550
570
60
225
11.638
185
19.648
1,580
165
TOTAL RECEIPTS (LESS PAYMENTS}
7,083
4.917
27,824
ALANCE CARRIED FORWARD
10617 £
40155 £
REPRESENTED BY:
Wise bank account
PayPal account
10,002
615
10617 £
40.155
38,772
40.155 £
38.172

Marine Research and ConserYAtion Foundation
StaterneDt of A5set$ and Liabiliti￿ As at 311 Aprll 1024
2024
STRICTED
2023
RESTRICTED UNRESTRICTED
RESTRI
TE
TANGIBLE FIXED
ASSETS
Plant and equipment
730
CURRENT ASSETS
Cash Fund5
Bank current aecount
PayPal account
10,002
615
40.155
3,534
35238
LIABILITIES
GENERAL F
2024
2023
2,205
Independent Examinitton IAccDuntant'5 Rcportl
2,1(Kl
2410112025
Approved by the TnLStee$ on ..
Signed

M2rlne Researeh and Conservation Found*tio
Notes to the Aeeount$ for the Year Ended 30 April 2024
Atcounting Policie5
The accounts (fjnancial statements) have been prepared in a¢¢ordart¢e with Accounting and Reporting by ChaTiiies'.
Ststement of Recommended Practice applicabl¢ to ¢haTltirs PT¢paring their account5 in accordance with the Financial
Reporting Standard applicable in the UK ond Republic of Ii¢land IFRS1021 effective I" January 2019, the Financial
Reporting Standard applicable ID the UK ottd Republic of Ir¢land {FRS1021. and th¢ Charities Aet 201 L.
ome
Thi5 15 accounted for on & receivable purpos¢ in th¢ period which li is received.
ments
These sre acCo￿ted for as paid.
Th¢ ¢hanty m¢¢ts th¢ dcfinition of a public bencfit entity under FRSIO2.
The Trustees con5i(kr there are no material unccrtainties about the charity's ability ro continue a5 a going concern.
The accounts are presented in sterling 1£).
Trustee Expenses
A total of £NIL w2s reimbursed to Tn￿tees in thi$ year12023., £1,954).
Exp¢n5¢s were paid to volullteer5 for trdvel costs ineurred in canying out the Charity's aciivities.
Trustees Remuneration
No reM￿neratiOn or emoluments were received by the Trllstees ¢ither iij their cap3cities 35 Trustffs or a5 membcrs of
the Board of Tn]stees and no emoluments paid in excess of £60.0￿.
T*xxtion
The charity is regJster¢d 2$ a ¢harity aDd as such tLO taxation 15 payable on the excess of incorne over ¢xpenditur¢.
Related Party Transaetlolls
There are no rclared party transactions to note.
Creditors
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that
will probably result in the transfer of fvnds to a third party. and the atnount due to settle the obligation can be
measured or estirnèted relsably. Credi¢ors and provisions are TLorm8lly Tecogni5ed at their settlemcnt amollni.

Marlne Re5ear¢h and Con5ervatlOD Found8tlgn
REPORT AND
FINAf4CIAL STATEMENTS
for the Year Ended 30 April 2024
Charity Nurnber 1190861

Marine Re$eY4rch Conservation Foundation
Reference and Ad￿inIstr￿tive Information
Admtnistration:
Marlne Research and Cottservation Foundation
The charity is a Charitable Incorporated Organisation registration number 1190861,
registered with the Charity Commission on E4 Augusi 2020.
The charity is registered with HM Revenue & Customs
Website..
w.rnare¢o.org.uk
Correspondenee Address:
Etnble Fartn
Lydeard
8t T Awrente
Taunion
Somerset
TA4 3SJ
Independent Examiner:
James Liptroit FCA
Haitles Watts
Chartered A¢countant5
Cliffe Hill House
22-26 NottinghaTn Road
Stapleford
Nottingham
NG9 8AA
Banking Address:
The Tea Builditlg
Shtsreditch High Street
LondoD
E16J
Registered Charity Number:
1190861
Trustees:
Samuel Matthew5- Chair
Williarn Giles
Benjamin Whste

Marine Resexrch and Conservation Found4tlon
Report of the Trustees for the Y¢•r E￿ded 30 April 2024
Structure. Govern*nee & Mansgemtnt
overnln
Document5
The Charity is governed by lis Constitution. which was estsblished on 14 August 2020.
The charitable object is io promote the conservation, protection and improvemeni of the physical and natural environment in
purticulor but not exclu3ivcly by conductin8 and assi$ting th¢ ¢ondu¢tin8 of T¢scarch into tnaiin¢ mcgafaujia sp¢ci¢s ￿ld
their habitats at)d by raising public awareness and understanditjg on $u¢h matters.
Trnstee A
ointme
tand
Inin
There must be at le&81 ihtee ¢h)rity trustee5', there is no set maximum of charity ttust¢e5.
In aceordan¢e tvith the charity's Constitutioa, every llusiee must be apptsint¢d by a resolutiim passed at a prop¢rly ¢onYened
meeting of the trusttt5.
When 5el¢cting individuals for appointment as ¢h#rity trustee5. the charity trustees must have regard to the skills. knowledge
and experience needed for the effective athninistration of the CIO.
Ttustees are encoura8ed to participate In d¢veloptnentsl opportunities a5 and when appropriate.
AehleveThents and PerfoTman¢e
For the financial year ending April 30. 2024. Ihe Marine Research and Conserwation Foundation (MARECO) continued to
expand its work on threatened marine megafauna both in the UK and intcrnationally. Our income for this period came from a
range of organizations, inelllding The Godolphin Trust, The Fishcries Society of the British Isles. The British Council, Stop
Finnin8 Deutschland e.v., Newcasde University. The Shark Foundation, and Mission Erde e.V. Addilional income was
provided by private donors through monthly or one-tiEne contributions. as well as partnerships with priva1¢ S￿tOr
organi7.ations. includira8 MA$lÈr Liveaboards.
MARECO maiDiained its commitment to supporting $nJdertts aDd building Capacity for early-carecr marin¢ s¢JentlSts in the
UK and abroad. Thi5 included work in Malayssa, Indonesia. Ihe Phslippin¢s. and the Maldives. In summer 2023, we partnered
with Celtic Deep CIC to host SharkAdemy, a training r¢siden¢y for aspiring shark researchers. This fully funded program
focused developing ¢s5cntial skills for care¢rs ID shaik conservation. particularly skills that are oft¢n limited by funding or
accessibility. Th¢ trial program su¢cessfvlly ertgaged eight partLcipant5. leading lo an expaoded Cohort of18 candidates in
summer 2024.
Dunng ihis financial year, we also eontinued supporting a Newcasile Urtivetsity PhD studcnt in three main rese2r¢h
obJectiv¢s-.
Developing non-invasive, Iow•¢OSt methods to study blue Sharks in the wild, avoiding capture and minimizing risk
to the ani￿alS, with funding from The Weston Garfleld Foundation {received in the prior yearl.
2. Ctsnducting a global population genomics $tudy to identify 5ubpopulation struetures tn blue sharks. aiming to
inforrn localized managemettt strategies, with support frotn The Shark Foundation.
Trbliii¥ th¢ eff¢LtivencbS of ferrlte as deterrents for blue sharks on longlines, fimded by the Exp¢riment
Foundatiott Ipr¢vious financial year).
All three projects are ongoing, wiill results and recommendations expected by early 2025. This work 15 made possible through
Collaboration with blue shark swini-with operators in the UK, who actively share encounter data &nd in5ight5 to help identify
the drive￿ of blue shark pre5¢nce in UK waters.

Marine Rejegrch Con$erv#tion Foundatio
Report of th¢ Trustees for the Ye*r Ettded 30 April 2024 {continued}
Achievements and Performance (eontlnued)
Internationally. MARECO has provided tools, guidance, and support for swdy design. data analysis, and fundin8 appltcatiot%$
to partners and collaborators. In Malaysia, we continue working with Univetsiti Malaysia Sabah to undcrstand the distribution
attd thT¢a¢s to endangered whale sharks and moblllid rays. In lrtdoD¢5ia. we collaborate with Mataram University to study
iurtl¢s and whale sharks, including research into the impa¢15 of touristn on whale sharks using advanced technology. Jn the
Philippines. our work with San Carlos University explore5 the relationship b¢tween whale sharks and reef fjsh ¢ommuniti¢s. In
MyanmaT. in pamlership with the Myanmar Ocean PTOj¢CT and with support froln The Briiish Council, we swdied the Moken
people's relationship with the marine ertvironmeTLt, identifyiTLg opportunities for shark and ray co*Jservation through local
stewardship. These projects are ongoiTrg and will conlinuc through 2024 and 2025.
In February 2024, MARECO'S Concerted A¢tion ICA) plan foT blue sharks was adoplcd by the Convention on the
Conservation of Migratory Species of Wild ADitna15 IUNEPICMSI at COP14 in Uzbekistan. The plat) includes
recommendations to improve martagement of thi5 threatened 5p¢ci¢s, such &$ using population geno]nJ¢5 to identify
subpopulation structures. developiThg a unificd code of conduct for swim-with operations, and studying p05t.relea5e
survivability after Iish¢rie$ Trnternction5. MARELO will pursue thes¢ actions over Ihe ¢oming years.
Throughout 2023 and 2024. MARECO continued supporting the IUCN Species Sutyival Commission Shark Specialist Group
in its global r¢vi¢w of rhondrichthyan fjshes. We coniribuied to sections on tourism. eagle Tays, filter feeders, and species in
Asia. Additionally. we are assisting in d¢v¢loping the IUCN GreeTL Statu5 for blue sharks and preparing for the reassessment
of whale 5hark5 in 2024-2025.
This financial year. MARECO led a Elobal Sttldy 25ses5ing the Tisk of larKe ve55el collision5 Wlth endangered whal¢ sharks at
known aggregation sites, based on expert elicitation. Thi5 re5¢arch, published in early 2024 in ScienGe ofihe Tolul
Environmepjt. was also reported to CMS. We are now expanding this work to examine how habitat shifts driv¢tt by climal¢
Change might affect these risks, as such thanges Could have seveie consequences for the world's largest fish.
How the Public H8s BeDeflted
MARECO'S work b¢t)efits the public by advancin8 the conservation and management of marin¢ megafauna such as sharks and
rays. Duri08 the fityan¢J#l year ending ApTiI 30, 2024. MARECO provided exlengive scietttifi¢ and t¢rhnical support to
improve the managem¢ttt of these sp¢cie5 itl both the UK and internationally. Our own research fi￿her support5 the
conservation of threatened species, helping ensure healthier marine ecosystems for fvwi¢ gencrations. Additionally. we ar¢
Commiiied to nurtUTing the next generation of marine scientisL8 through stydent support and capacity-buildin8 initiatives, both
in the UK and abroad.
Fin&nti81 Revi¢w
FOI tlir fJILi)n¥ial yrur rtLJin¥ 30 April 2024, we reccivcd 5¢vrn graTJts £62,409 12023.. £42.794) and scvcn private donaTltsns
£19.66412023.. £4,4641.
Poiiey on Reserves
The charity's policy on resetves is io genera￿ and Tnaintain a balance which is suffieient=
al To preserve the finaTr¢ial viability of the charity in the event that unforeseen andlor unavoidable ¢ircuTnstance5
precipitate a short-terni fall in its income:
b) To etLabl¢ the cbarity. in the interests of n)e¢ting its objeciives. to undertake from time to titne the settÈng llp of o¢w
and innovative projects on a pilot basis to d¢monsltat¢ Ihe viability and potentiel benefits of such aetivities as a
precursor to securing the external funding n¢¢essary to mointaiD such prO1￿ts oll an on-goillg basis.

Marlne Rese*rch and Conservation Follndatio
Report of the Trustees for the Year Ended 311 April 2024- ¢ontlnued
Statutory Ststement$ on Llabillties
The tnjstees declare that..
The charity has given no guarant¢¢s where potential liability under the guarantee is outstanding at ihe date of this
Statement.
The chariry has no debt outstanding at thc date of this Statement which is owed by the CIO and which is secured by
att express thaTge on any asscts of the CIO.
De¢laratio
We, the Trustees, thlare we have approv¢d the Trustees. Report above, ond are authori%d to Slgn It on their behalf.
Full NaTne'. Mr Samuel Matthews
Position.. Chair
2410112025
Daly

Independent ExgmiDer's Report to the Trustees of
Marlne Research gnd Conserv8tlon Foundatiort
I report lo the Twstees on my examination of the accounts of Marine Research and Cons¢rwallon Foundation for the yeaT
ended 30 April 2024.
Responsibilitles and b*s1s of report
As the chatity tntstee5 of the Trust you are rcsponsiblc for the pr¢paration of lh¢ accounts in accordance with the requirements
of the ChaTities Act 2011 ('the Aci.).
I rew)rt in respect of my exarniThatiot) of ihe TNsi's a¢counts carried out under Section 145 of the 2011 Act and in carrying out
my examination I have followed all appli¢abl¢ Directions 8iven by the Charity Commission under Secrion 145{51(bl of the
Aet.
Independent Eximlner's Staiemtttt
I havc cornpletd my examination. I c(pnfirm that rto mat¢ria] matt¢TS havc to my attention in connection witli th¢
examination ￿ving me eause to beli¢v¢ that in any material respect'.-
Accountin8 records were not kept in re5PWt of the Trust as required by Section 130 of the Act. or
2. The accounts do not accord with those iecoTd5.
I have no concems and have come across no othcr rnatters in connection with the examination to wljich attention thould be
drawn in this report itt order to ertable a proper understanding or the accounts to be reached.
an 21, 2025 08..12 GMTI
James Liptrott FCA
Chartered Accountattt
Jan 21, 2025
Datcd ...................................................
Haines Watts
Chartered A¢countants
Cliffe Hill House
22-26 Ntsitingham Road
Stapleford
Nottinghaln
NG9 8AA

Marine R￿earth Conservation Foundgtion
Re¢elpt$ #nd Paymenrs Account for the Year Ended 30 Aprll 21124
2024
Unre$tricted
FunLis
2023
Total Funds
Rtstri¢ted
Funds
ALANCE BROUGHT FORWARD
Wise bank account
3.534
3.534
35,238
10,948
RECEiYr
Donations
Grant5
Sundry receipts
13,758
10.0
5.906
52.469
4,464
42,794
69
23.827
58.375
PAYMENTS
Consumables
Travel & accommodation
Meetings, events & workshops
Expenses reimbursed
Grants
Services
Bank charges
Accountancy
925
1.560
28,399
3,082
584
1,986
1,643
359
271
14,550
570
60
225
11.638
185
19.648
1,580
165
TOTAL RECEIPTS (LESS PAYMENTS}
7,083
4.917
27,824
ALANCE CARRIED FORWARD
10617 £
40155 £
REPRESENTED BY:
Wise bank account
PayPal account
10,002
615
10617 £
40.155
38,772
40.155 £
38.172

Marine Research and ConserYAtion Foundation
StaterneDt of A5set$ and Liabiliti￿ As at 311 Aprll 1024
2024
STRICTED
2023
RESTRICTED UNRESTRICTED
RESTRI
TE
TANGIBLE FIXED
ASSETS
Plant and equipment
730
CURRENT ASSETS
Cash Fund5
Bank current aecount
PayPal account
10,002
615
40.155
3,534
35238
LIABILITIES
GENERAL F
2024
2023
2,205
Independent Examinitton IAccDuntant'5 Rcportl
2,1(Kl
2410112025
Approved by the TnLStee$ on ..
Signed

M2rlne Researeh and Conservation Found*tio
Notes to the Aeeount$ for the Year Ended 30 April 2024
Atcounting Policie5
The accounts (fjnancial statements) have been prepared in a¢¢ordart¢e with Accounting and Reporting by ChaTiiies'.
Ststement of Recommended Practice applicabl¢ to ¢haTltirs PT¢paring their account5 in accordance with the Financial
Reporting Standard applicable in the UK ond Republic of Ii¢land IFRS1021 effective I" January 2019, the Financial
Reporting Standard applicable ID the UK ottd Republic of Ir¢land {FRS1021. and th¢ Charities Aet 201 L.
ome
Thi5 15 accounted for on & receivable purpos¢ in th¢ period which li is received.
ments
These sre acCo￿ted for as paid.
Th¢ ¢hanty m¢¢ts th¢ dcfinition of a public bencfit entity under FRSIO2.
The Trustees con5i(kr there are no material unccrtainties about the charity's ability ro continue a5 a going concern.
The accounts are presented in sterling 1£).
Trustee Expenses
A total of £NIL w2s reimbursed to Tn￿tees in thi$ year12023., £1,954).
Exp¢n5¢s were paid to volullteer5 for trdvel costs ineurred in canying out the Charity's aciivities.
Trustees Remuneration
No reM￿neratiOn or emoluments were received by the Trllstees ¢ither iij their cap3cities 35 Trustffs or a5 membcrs of
the Board of Tn]stees and no emoluments paid in excess of £60.0￿.
T*xxtion
The charity is regJster¢d 2$ a ¢harity aDd as such tLO taxation 15 payable on the excess of incorne over ¢xpenditur¢.
Related Party Transaetlolls
There are no rclared party transactions to note.
Creditors
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that
will probably result in the transfer of fvnds to a third party. and the atnount due to settle the obligation can be
measured or estirnèted relsably. Credi¢ors and provisions are TLorm8lly Tecogni5ed at their settlemcnt amollni.

Marine Research and Conservation Foundation Emble Farm Lydeard St Lawrence Somerset    TA4 3SJ 

15th January 2025 

Haines Watts Nottingham Limited Chartered Accountants Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 8AA 

## Dear Sirs 

This representation letter is provided in connection with your Independent Examination of the financial statements of Marine Research and Conservation Foundation for the year ending 30 April 2024 for the purpose of expressing an opinion as to whether the financial statements give a true and fair view of the results and financial position and filing the financial statements of Marine Research and Conservation Foundation with Charities Commission in accordance with the Charities Act and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

## **Financial statements** 

1. We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement dated 6 November 2023 for preparing financial statements in accordance with The Charities Act and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) which you have drafted on our behalf, which give a true and fair view of the financial position of Marine Research and Conservation Foundation as of 30 April 2024 and of the results of its operations for the year then ended and for making accurate representations to you. 

2. Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable. 

3. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements. 

4. We have disclosed all known actual or possible litigation and claims whose effects should be considered when preparing the financial statements and these have been disclosed in accordance with the requirements of accounting standards. 

5. Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of accounting standards. 

6. All events since April 2024 which require disclosure or which would materially affect the amounts in the financial statements have been adjusted or disclosed in the financial statements. 



7. We confirm that the financial statements are free of material misstatements, including omissions.  We believe that those uncorrected misstatements identified during the audit of the financial statements are immaterial both individually and in aggregate to the financial statements as a whole.  A list of these items is attached to this letter of representation, together with our reasons for not correcting them. 

8. We confirm that, having considered our expectations and intentions for the next twelve months, and the availability of working capital, the charity is a going concern.  We confirm that the disclosures in the accounting policies are an accurate reflection of the reasons for our consideration that the financial statements should be drawn up on a going concern basis. 

9. Fund allocation has been appropriate accounted for and disclosed in accordance with the accounts to the best of our knowledge. This includes but not limited to: Restricted, designated and unrestricted funds. 

## **Information provided** 

10. All accounting records and relevant information have been made available to you for the purpose of your audit of the financial statements.  We have provided to you all other information requested and given unrestricted access to persons within the entity from whom you have deemed it necessary to obtain audit evidence.  All other records and related information including minutes of all management and shareholders meetings have been made available to you. 

11. All transactions undertaken by the charity have been properly reflected in the accounting records and are reflected in the financial statements. 

12. We acknowledge our responsibility for the design, implementation and maintenance of controls to prevent and detect fraud.  We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. 

13. We have disclosed to you all information in relation to fraud or suspected fraud that we are aware of and that affects the entity and involves management, employees who have significant roles in internal control, or others where fraud could have a material effect on the financial statements. 

14. We have disclosed to you all information in relation to allegations of fraud, or suspected fraud affecting the entity’s financial statements communicated by employees, former employees, analysts, regulators or others. 

15. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the charity conducts its business and which could affect the financial statements.  The charity has complied with all aspects of contractual agreements that could have a material effect on the financial statements in the event of non-compliance. 

16. We confirm that we have disclosed to you the identity of the entity’s related parties and all related party relationships and transactions relevant to the charity that we are aware of. 

17. The charity has satisfactory title to all assets, and there are no liens or encumbrances on the assets except for those disclosed in the financial statements. 

18. There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the financial statements. 



19. The charity has at no time during the year entered into any arrangement, transaction or agreement to provide credit facilities (including loans, quasi loans or credit transactions) for trustees, nor to guarantee or provide security for such matters, except as disclosed in the financial statements. 

20. Within the period, the charity has not been in receipt of any donated assets. 

We confirm to the best of our knowledge and belief that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that we can properly make each of the above representations to you. 

Yours faithfully 

Signed on behalf of the board of trustees by: 

.................................................................... (Trustee) 

Date ............................................................ 

15/01/2025