## **Trustees’ Annual Report** **Period start date: 06 May 2022 Period end date: 05 April 2023** ## **Charity name: 90 North Foundation** ## **Charity registration number: 1194573** ## **Charity structure: Charitable Incorporated Organisation (CIO)** **Date of registration with Charity Commission: 21 May 2021** **Principal office: Little Orchard, Bedchester, Shaftesbury, Dorset SP7 0JU, UK** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The object of the Foundation is to
promote the conservation of the
biodiversity of the Central Arctic Ocean’s
(‘CAO’) international waters for the
beneft of the Arctic circumpolar peoples’
beneft and the wider global public
beneft.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|A - Conducting or commissioning marine
wildlife and ecosystem research and
promoting the progress and publication of
such research.
B - Providing educational resources,
programmes, and activities to policy-
makers, special interest groups, national
and international organisations, research
groups and universities, and the wider
international public.
C - Promoting the establishment of
marine protected area status (or nearest
equivalent) for the international waters of
the CAO.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The three trustees on the board of
trustees are satisfed the public beneft
requirement demanded of 90 North
Foundation is met. All trustees are aware
of the relevant guidance and are kept
informed of any changes by the Charities
Commissionby emailed updates.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: SORP reference A policy on grant-making was approved by the Foundation’s board for the |Policy on grant making|Para 1.38|awarding of grants for research to be
undertaken by the University of Exeter.| |---|---|---| |Policy on social investment
including program related
investment|Para 1.38|N/A| |Contribution made by
volunteers|Para 1.38|We had several volunteers working on
projects with only out=of-pocket
expenses paid including a videographer, a
video editor, FOC work undertaken by
Siren Communications on the website, a
graphic designer on our Mission Overview
document and assistance with our social
media.| |Other||N/A| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|From April 2022 to April 2023 (Year 2)
work continued to be focused on
researching the science, issues and
stakeholders relating to biodiversity in
the CAO in preparation for the
Foundation’s public launch in September
2022.
A comprehensive and substantial website
was designed, developed and publicly
launched – approved by the board of
trustees.
A comprehensive and substantial ‘Mission
Overview’ document was designed,
drafted and published – approved by the
board of trustees.
An ofcial logo was designed – approved
by the board of trustees.
An accountancy practice (Lang Bennetts)
and a legal practice (Stephens Scown)
were formally engaged.
A Memorandum of Understanding
regarding a partnership between the
University of Exeter and 90 North
Foundation was signed – approved by the
board of trustees.
The framework for the Central Arctic
Ocean Research Unit was set up within
the University of Exeter and costs were
agreed for a range of researchposts.| A Special Advisory Group was set up and its first adviser appointed. |**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:| |---|---|---| |Achievements against
objectives set|Para 1.41|N/A| |Performance of fundraising
activities against objectives
set|Para 1.41|N/A| |Investment performance
against objectives|Para 1.41|N/A| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The turnover of the Foundation was below
£30,000. It remained in credit. It had no
outstanding liabilities.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|N/A| |Amount of reserves held|Para 1.22|N/A| |Reasons for holding zero
reserves|Para 1.22|No funding has yet been sought.| |Details of fund materially in
deficit|Para 1.24|None| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
Private donations by individuals and a soft
loan of £26,800 (no security/collateral
requested, no interest charges, no
repayment timeframe, no liability on the
Foundation and/or its trustees to make
repayment if the Foundation was unable
to makepart/full repayment).| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|N/A| |A description of the principal
risks facing the charity|Para 1.46|The moral risk of not being able to repay
the above loan in full within a reasonable
timeframe.| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution/Governing Document| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Apart from the frst trustee, every trustee
must be appointed for a term of three
years by a resolution passed at a properly
convened meeting of the Foundation’s
trustees.
In selecting individuals for appointment as
trustees, the Foundation’s trustees must
have regard to the skills, knowledge and
experience needed for the efective
administration of the CIO.| **Additional information (optional)** You may choose to include further statements where relevant about: Policies and procedures adopted for the induction Para 1.51 and training of trustees statement of accounts. The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any Para 1.51 related parties funding is in place. Other |
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51|
The trustees will make available to each
new trustee, on or before his or her frst
appointment: a copy of the current
version of the constitution/governing
document; a copy of the Foundation’s
latest Trustees Annual Report and
statement of accounts.| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The Foundation had no employees, staf
or workers for the period.| |Relationship with any
related parties|Para 1.51|The work of Pen Hadow for the period Apr
2022 – Apr 2023 was commissioned by
the board of trustees. It is to be invoiced
by Hadow’s consultancy, Pen Hadow
Consultancy Ltd. The fee is £50,000 plus
VAT – the amount was approved by the
board of trustees. £30,000 has been paid
by the Foundation. The balance when the
trustees decide sufcient additional
fundingis inplace.| |Other||| ## **Reference and Administrative details** |Charity name|90 North Foundation| |---|---| |Other name the charity uses|N/A| |Registered charity number|1194573| Charity’s principal address Little Orchard, Bedchester, Shaftesbury, Dorset SP7 0JU ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||David John
Williams|Treasurer|6 Apr 2022 - 5 Apr 2023|Board of trustees| ||Prof Brendan John
Godley||6 Apr 2022 – 5 Apr 2023|Board of trustees| ||Peter Brenton
Hinchlife|Chair|6 Apr 2022 - 5 Apr 2023|Board of trustees| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** None ## Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |None||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** N/A ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details N/A ## **Other optional information** N/A ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** **Position (eg Secretary, Chair, etc)** **Date** **90 North Foundation 1184573 Receipts and payments accounts CC16a For the period** 06.04.22 05.04.23 **To from** |**Section A Receipts and payments**||||| |---|---|---|---|---| |**A1 Receipts**
Bank movement
Bank Interest
**3**
Loans
**2,620**
Donations
P Hadow
**-**
**-**
**-**
**2,623**
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 2,623**
**A3 Payments**
Bank charges
**216**
Design Services
**200**
Legal Fees
Sundries
**78**
R Hadow salary
Other Professional Fees
**45**
Travel
**829**
**-**
**_Sub total_ 1,368**
**-**
**-**
**_Sub total_ -**
**_Total payments_ 1,368**
**_Net of receipts/(payments)_ 1,255**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**1,011**
**_Cash funds this year end_ 2,266**
**Unrestricted**
**funds**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales,**
**(see table).**
**A4 Asset and investment**
**purchases, (see table)**|**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**funds**|**to the nearest £**
**Endowment**
**funds**|**Total funds**
**to the nearest £**
**-**
**3**
**2,620**
**-**
**-**
**-**
**-**
**-**
**2,623**
**-**
**-**
**-**
**2,623**
**216**
**200**
**-**
**78**
**-**
**45**
**829**
**-**
**-**
**1,368**
**-**
**-**
**-**
**1,368**
**1,255**
**-**
**1,011**
**2,266**|**Last year**
**to the nearest £**| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**-**|**-**| ||||**3**|**-**| ||||**2,620**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**2,623**|**-**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|**-**| ||||**-**|**-**| |||||| |||**-**|**2,623**|**-**| |||||| |||**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**216**|**-**| ||||**200**|**-**| ||||**-**|**-**| ||||**78**|**-**| ||||**-**|**-**| ||||**45**|**-**| ||||**829**|**-**| ||||**-**|**-**| ||||**-**|**-**| ||||**1,368**|**-**| |||||| |||**-**
**-**
**-**|**-**|| ||||**-**|| ||||**-**|**-**| |||||| |||**-**|**1,368**|**-**| |||||| ||**-**|**-**
**-**
**-**
**-**|**1,255**|**-**| ||**-**||**-**|**-**| ||**-**||**1,011**|**-**| ||**-**||**2,266**|**-**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**
Signed by one or two trustees on
behalf of all the trustees|**Details**
CAF Bank Account 00034661
CAF Bank Account 00034662
CAF Bank Account 00034663
**Details**
**Details**
**Details**
**Details**
Loan from Trustee
Signature
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**to nearest £**
**11**
**-**
**5**
**2,249**
**-**
**-**
**-**
**2,266**
**-**
OK
OK
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
33246.85
**-**
**-**
**-**
**-**
**-**
Print Name
**Unrestricted**
**funds**
**Restricted**
**funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---| ||||**-**| ||||| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**to nearest £**
**Endowment**
**funds**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||||| |||||