Registered number- 02210675
Charity number.. 298729
CASP
(A Company Llmlted by Guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

CASP
(A Company Limited by Guarantee}
CONTENTS
Page
Reference and Admlnlstratlve Detalls of the Charltable company, Its Trustee$ and
Advisers
Trustees. Report
Tru$ts¢$' R•spon$lbllltlo$ Stst•ment
Independent Audltors. Report on the Financlal Statements
8-11
Statamant of Flnanelal Aetivltl
12
Balanc• Sh¢tt
13-14
Notes to the Flnanclal Statem•nts
15.34

CASP
(A Company Limited by Guar*ntee}
REFERENCE AND ADMINISTRATIVE D￿AlLs OF THE CHARITABLE COMPANY. ITS TRUSTEES AND
ADVISERS
FOR THE YEAR ENDED 31 JANUARY 2024
Tru$t¢•$
A Buckley, PhD (resigned 1 March 20231
S A Gibson. Pho
J P P Hirst. PhD. Chair Iresigned as Chair 11 October 20241
J A Howell, PhD
S J Kape, PhD
B K Levell, PhD
J E A Marsh811. PhD. Chair lappoinled 8$ Chair 11 October 20241
S H Molyneux
G J Nichols, Pho
C A G Pickton. MA
D W Waters, PhD
M J Whileley, PhD
Company règl8tèr•d
number
02210675
Charlty r¢glstsred
numb8r
298729
RegS8tered offlce
Raleigh Housè
14C Compass Point Business Park
Sl Ives
Cambridgeshire
PE27 5JL
Princlpal operatlng
offlce
Wesl Building
Madingley Rise, Madingley Road
Cambridge
Cambrid9eshire
CB3 OUD
Company s•cretary
J E A Marshall, PhD (resigned 11 October 20241
S J Kape, PHD lappointed 11 Oclober 20241
Chairman
J P P Hirst. PhD Iresigned 11 October 20241
J E A Marshall, PhD lappoinl8d 11 October 2024
Ind8p8nd8nt audltors
Whitings LLP
Greenwwd House
Greenwood Court
Sk￿lner Way
Bury Sl Edwnunds
Suffolk
IP32 7GY
Investment Advisors
Cantab Asset Managemenl
50 Slalion Road
Cambridge
Cambridgèshire
CB12JH
Page 1

CASP
(A Company Limited by Guar*ntee}
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
The Trustees present their annual repK)rt together with the audited financial stslements of Charitable company for
the period 1 February 2023 to 31 January 2024. The Annual Report serves the purposes of both a Trustees,
report and a dirèctors, report undèr company law. The Trustèes confirm that the Annual Report and financial
ststemenls of the charitable company comply with the currenl statutory requirements, the reqLJirements of the
charitable companys governing document and the provisions of the Statement of Recommended Practice
ISORPI applicable to charities preparing their acLx)unts in acrL)rdance with the Finanaal Reportin9 Standard
applicable in the UK and Republic of Irelan(J IFRS1021 leffecb.ve 1 January 20191.
Since the charitable company qualifies as small under ￿tIOn 382 of the Companies Act 2006, the Strategi
Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors.
Report) Regulations 2013 has been omitted.
Obl•ctlv•s and actlvltlo$
a. Pollcl•$ and obJ•¢tlv•s
CASP'S objectives are lo conduct research into Ihe geology of sedimentary basins of the worfd and to present
and publish the results of such research for the advancement of public education.
CASP maintains ongoin9 research projects while developing new research areas and tr8ining young scienlisls.
In setting objectives and planning for acb'vilies, the Trustees have given due consideration to general guidanca
published by the Charity Commission relating to public benefil. induding Ihe guidance 'Public benefit.. running a
charity IP821'.
b. Slralegl•$ for 4¢hl•vlng oble¢tlv•$
To achieve objectives, il is impK)rtant to maintain sufficient reserves and raise enough In￿Me to continue
medium and long lemi research projects and open new research areas.
Subscriptions r8C8IV8d from industry allow CASP to conduct its gaological resaarch and achi8v8 its charitablg
objectives.
During the TepNJrting year, four cownpanie5 SUPPOrted CASP's research.
Page 2

CASP
(A Company Limited by Guar*ntee}
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 JANUARY 2024
Objectives and activities Icontinuedl
¢. Actlvltlès und•rtak•n to achlèvè obJ•ctlvos
Promotion
Promob'onal work was carried out throughout the ￿ar in order to raise money. Elevtrn scientific workshops and
seminars We￿ organised to give CASP'S geologisis Ihe oprM)rtunity lo present their current research to the
subscribing and potenb'ally subscfibing companies. They were also able to discuss with them the funding of
future research.
CASP'S rès8ar¢h was also promoted through th8 following m6ans-
Mailings of project flyers targeled al different exploration groups..
Regular updates on project development sent to potential subscribers;
Presentation by CASP geologists al academic conferences..
Coordinated series of promotional posts for new research projects using Linkedln.
The CASP Website provides an easy and fast way of searching for re￿rtS and publications by rese8rch areas.
The list contains reports produce(I by CASP over the last 45 years. In addition, the Home page lists the three
lalesl reports and Ihrg9 lalesl publications as a Yged" for aulomatsc download. The Wgbsile pages describing
current research and activities are updated regulady.
CASP also operat8s an official Linkedln and X account lo highlyht the release of latast reports. news and
activities.
Publications
Every month, d8y3 are set aside to allow geologists to prepare scientific papers for publication ol the results of
their research. The Website search facility for publications provides a link to a¢¢ess the publI￿tiOn at the
publisher's website. Extracts of the papers are available on the CASP Website.
Training
Confgrences and meetings are goo(1 platfomis for exchanging scignlific ideas an¢J for promoting CASP bul they
also play an important role in the training of CASP stsff. Most COnfere￿S offor courses and field studies, and
CASP geologists have received further training by aitendiThJ them.
Opportunities are given lo undergraduates. Msc arKI PhD students to join CASP 5tsff in field or laboratory
sellings lo further their research and train in field geology.. CASP also provides rock samples lo undergraduates
to carry out analyses as part of their course projects. Geologists join University field parties lo sh8re their
knowledge and expertise with students in the field.
Scholarship and grants
CASP is fijnding hvo CASE studer)ts. one al the University of Cambridge and one at the Imperial College
London.
CASP awards a gedogi¢al fieldwork grant. to the sum of approximately £10,000 per annum, to be shared
between up to 5 reapients. The awards are made to encourage field-based research related to the low carbon
energy transition. The relevancetinlerest is judged by a panel of Trustees.
Page 3

CASP
(A Company Limited by Guar*ntee}
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 JANUARY 2024
Objectives and activities Icontinuedl
d. Maln actlvltl•s und•rtak•n to lurth•r tho Charltab￿ Company's purposès for thè publle b•n•flt
Members of CASP as Charity Trustees are of the opinion that they have complied with their obligations in regard
to the public benefit guitlance as published by the Charity Commission. CASP'S principal objeth.ve continues lo
be Ihg advan¢emenl of geological research. and production of articles detailing their findings, which are later
made available lor public use for the advancemenl ol education.
è. Rlsk management
The Tru$tee$ have assessed the major risks to which the Charity is exposed, in particular those related to the
operations and finances of the Charity, and are satisfied Ihal S￿leMS and procedures are in place lo mitigate our
exposure to the major risks.
f. Health and safety
The Trustees have assesseij the major risks to which CASPS employees and associates 8re exposed, in
particular those related lo the fiel￿rk acbvilies. and have reviewed the Health and Safely policy and Risk
Assessmgnl System in place.
A¢hlevèment# and ￿rfOrman¢t
a. Maln •¢hlgvom•nts of the ¢harltsblo ¢ompany
Completion of one project an(J futu￿ developments
Conlinuing research in fourteen projects
New development and research in carbon storage projects
Production of 4 geological reports
Publishing 0119 academic papers, either firsl aulhor or co-authored
Presentation of CASP research al International Conferences
Staff involvement in the supervision of six PhD students
Successful 8pplicabon io UKRI lo become an Indepen¢Jent Researc* Organisalion
b. Key perfomianco Indlcators
The production of 4 high quality retK>rts
The publishing of 19 high quality publications
Discussions with intemational companies inlerested in CASP research
Financial review
a. Golng concem
After making appropriate enquiries. the Tnjstees have a reasonable expectstion that the charitable wmpany has
adequate resources to contsnue in operatK>nal existen￿ for the foreseeable luture. For this reason, they
continue to adopt the going concem basis in preparing the financial stalements. Further details regarding the
adoption of the going concem basis can be found in the accounting w)liaes.
Page 4

CASP
(A Company Limited by Guar*ntee}
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 JANUARY 2024
b. Reserves policy
CASP aims to maintain a level of strategic reserves so as to be less dependent on the ups and downs of ils
income source. The level of reserves should be sufficient to allow CASP to have a three year forward plan of
income and expenditure that incorporates all reasonable scenarios. In the worst case scenario of a cofflplele or
significant loss ol income from sponsors. the slr8legi¢ reserves m8y be accessed lo ensure the Continued
ftjndioning lo the charity. A¢¢ess lo Ihe strategic reseNes will be by agrtrement ol th& Trusletss who will advise
ol any further actions as a resull of the ￿duCtion of Ihe ￿serVeS. The plan should take inlo a¢¢ounl adjLJStments
to project activities and staff establishment to reflect the income stream.
Free reserve5 available for use by CASP are deemed lo be those that are readily realisable. less funds whose
uses are restricted or designaled for a particular purpose. The calculation therefore exdudes propèrty and other
flxed assets whi¢h CASP use in the d8*11>(Jay running ol the (*)arity.
As a matter of policy, each year CASP reviews ihe value ol the reserves required lo be held in investments, cash
and cash equivalents not restricted or des￿nated for any particular purpose.
The broad target of the Trustees is to retain sufficient free reserves lo enable the charity lo continue ts aclivi118S
for a reasonable period of lime. should there ever be a significant fall in incoming resources.
c. Flnanclal ￿Sk8
The Charitys activities expose il lo a number ol financial risks incluéing credit risk, cash flow risk and liquidity
rfsk. The use ol financial dgrivalives is govgmed by the charity's policies approved by Ihg board ol Iruslg9S,
which provide written principles on the use of finanaal derivative$ to manage thes¢ risks. The charity does not
use derivative financAal inslrumenis lor sp8culaknve PLbrposes.
Cash flow risk
The Charity's ath'vilies expose il primarily lo Ihe financial risks of changes in fO￿Ign Currency exchange rates
8nd interest rates. Interest bearing assets and liabilitses are held al fixed rate to ensure cgrtainty of cash flows.
Credit risk
The Charills principal financial a5se15 are bank balances and cash, trade and other receivables, and
investments.
The Charitls Credit risk is primarily attributable to its trade receivables. The amounts presented in the ba1an¢e
sheet are net ol allowances for doubtful ￿CeIvables. An allowance for impairment is made where there is an
identified loss event which, based on previous experien￿. is evidence of a reduction in the recoverability of the
cash flows.
The ¢redrt risk on liquid funds and derivab.ve finanaal instruments is limited t￿￿se the counlerp8rties are
banks with high credit-ratings assigned by intemalional c*edit-rating agencies.
The Charity has no significant concentration of credil risk. wth exposure spread over a large number of
counterparties and customers.
Further details regarding liquidty risk can be f¢xJnd in the going concem accounting policy.
Page 5

CASP
(A Company Limited by Guar*ntee}
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 JANUARY 2024
Structure, governance and management
a. Constitution
The Charity is in¢orporat8d under the Companies Acl as a d)aritable company limited by guarant88 and is
accordingly governed by its Memorandum and Articles ol Association.
The members of CASP have each guaranteed liabililies of up to £1. In addition. CASP is also a registered charity
and subject to the regulation of the Charity Commission.
Th& princip81 activity of the Charity during the ye8r continued to be the advancement of educatton for the publlc
benefit by conducting research into the geology ol sedimentary basins of the world and the publication of the
results of such reso8rch.
There have been no changes in the objectives since the last annual report.
b. Methods of appolntmont ¢y el•dlon of Tw$t¢•$
The Committee of Management {COM} is a eommittee eonsisting of up lo 12 Iruslees. who are eaeh appointed
89 direclorg ol the Charity for the purposes of the Companies Act. The COM elects a Chairperson and Vice
Ch8irperson from among ils members. This election is by majonty vote al any meeting, with nominab'ons
submi11gd in writing lo th8 Company Secretary not less than 7 working days prior lo Ihal meeting. The currgnl
Chairperson holds a casting vote in the event of a tie. The appointees hold office from the date of the resolution
appointing them up to the dale ol th8 first committee meeknr¥J to be held after the next Annual General Meeting
IAGMI
New members of the committee are 81s0 elected by majority vole al a meeting following public advertisements.
Suggeslions for candidates a￿ submitted lo the Chairperson. and a brief CV of wt8nlial candid81es is clrcu181ed
to the current rnembers in advance of the meeting where Ihe vole is held.
Dl$¢lo$urn of Informatlon to audltors
Each of tha p8rsons who are Trustaes at th8 time when this Trustees. Report is approvod has confirmad that..
so far as that Trustee is aware. Ihere is no relevant audit infom)ation of which the charitys auditors are
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Twstge in order to be aware of
any relevant audit information and lo establish Ihat the charitys auditors are aware ol that information.
Auditors
The auditors, Whitings LLP, have indicated iheir wllingness lo conlinue in oifice. The designated Trustees will
propose a motion reappointing the auditors al a meeting of the Trustees.
Approved by order of the members of the t*)ard of Tnjstees and signed on their behalf by..
J E A Marshall. PhD
(Chair ol Trustees)
Dale..
2811112024
Page 6

CASP
(A Company Limited by Guar*ntee}
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 JANUARY 2024
The Trustees (who are also the direrto￿ of the charilable company for the purposes of Company lawl ar8
sponsible for preparing the Trustees, Report and the financial ststements irh accordanGe with applicable 18W
and Unitsd Kingdom A¢¢ounting Standards (United Kingdom GÈnwally Accèpted A¢¢ounting Practi¢el.
Company law requires the Trustees lo prepare financial ststements for each financial year. Under company law,
the Trustees must not approve the financial stslements unless they are $8b"sfied that they give a true and fair
view of the stale of affairs of the charitable ￿MpanY and of its incoming resources and appli¢alion of resour¢gS.
including ils income and expènditure. for thal wrKxl. In preparing these financial s¢at8menls, the Trustees are
required to..
select suitable accounting rx)liaes and then apply Ihem consislenlly..
observe the methods and principles of the Charities SORP 2019 IFRS 1021..
make judgments and accounting eslimales Ihal are reasonable and prudent..
state whether applicable UK Accounting Siandards IFRS 1021 have been followed..
prepare the financial statements on the going cL)ncem basis unless il is inappropriate lo presume that the
charitable company will continue in business.
The Trustees are responsible for keeping adequate accounting records thal are sufficient to show and explain
the charitable companls transactions and disclose with reasonable accuracy at any time the financial position of
the charitable cornpany and enable them to ensure Ihal the financial statemen15 comply with the Companies Act
2006. They are also responsible for safeguarding the assets of Ihe charrtable company 8ntl hence for taking
ason8ble steps for the prevention and detection ol fraud and other irregularities.
Approved by order of Ihe members of the board of Trustees and syned on its behall by.
J E A Marshall, PhD
(Chair ol Trusleesl
Date..
2811112024
Page 7

CASP
(A Company Limited by Guar*ntee}
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF CASP
Opinion
We have audited the financial statements of CASP (the 'charitable companll for the year ended 31 January
2024 which comprise the Slatemenl of Financial Aclivilies, the Balance Sheet, and the related notes, including a
summary of significant accounting polirjes. The financial reph)rting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Slanijards, including Financial Reporting Standard
102 'The Fin8n¢ial Reporting Stsndard appliGable in the UK and Republic of Ireland, (United Kingdom Gener811y
A¢¢epled Accotjnling Practscel-
In our opinion the financial slalements..
give a true and fair view of the state of the charitable cLJmpanls affairs as at 31 January 2024 and of ils
in￿ming resources and applicab'on of resources. induding its income and expendlture for the year than
èndèd.,
have been property prepared in accordanca ￿ United Kingdom Generally Accepted Accounting
Practice,. and
have been prepared in amydance wlh the requirements of the Charities Act 2011.
8*818 for oplnlon
We conducted our audil in accordance wilh Intemational Slandards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under (hose slandards are luriher described in Ihe Auditors, responsibilitl8s for the audit
of the financial slalemenls sectson of our report. We are independent ol the charitable company in accordanca
with the ethical requirements that are relevant lo our audit of the financjal statements in the United Kingdom,
including the Financial Reporling Council's Elhi¢81 Stsndard, and we have fulfilled our other ethical
r8sponsibililies in a¢¢ord8n¢e wlh Ihese requiremenls. We bglieve that Ihe 8udil gvidencg w8 have obtained Is
$uffi¢iont and appropriate to provide a basi$ for our opinion.
Conclusions relating to golng concem
In audib'ng ihe financial statements, we have conduded that the Trustees. use of the going concern basis of
accounting in the preparation ol the financial slalements is appropriate.
Based on tho work we have perfornied. we have not identified any material uncertainties relating to events or
conditions that, individually or collecbvely. may cast significant doubl on the charitable companls ability to
continue as a going concem for a period of at least iwelve months Irom when ihe finanaal stalements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going COn￿M are described in the
relevant sections of this report.
Other matter
The prior period financial statements were nol audiled due lo the charitable company previously being eligible for
audit exemption under the Charities Act 2011.
Page 8

CASP
(A Company Limited by Guar*ntee}
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CASP {CONTINUEDI
Other infomiation
The other inforrnation comprises the infom)ation included in the Annual Report other than the financial
statements and our AuditOfS' Report thefeon. The Trustees are responsible for the other information contained
wrthin the Annual Report. Our opinion on the financial statements does not cover the other information and,
èxcept lo the exlenl otherwise explicitly stated in our report. we do not express any form of assurance conclusion
thereon. Our responsibility is lo ￿ad the other inlorrnalion and, in d(Mng so, consider whether th& other
information is matèrially inconsistent with Ihè financial s13tements or our knO￿&d98 obtained in thè course of the
audit, or othetwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to detern)ine whether this gives rise to a material misstatement in the
fi'nancial statements themselves. If, based on the work we have performed, we conclude that there is a material
misslal8menl of this other information. we are required lo report that fact.
We have nothing to report in this regard.
Mattern on whlch we arè requlr¢d to r•port by 0x￿PIlOn
We have nothing lo report in respect ol the following matters where the Charities IAcc4Junls and Reports)
Regulations 2008 requires us to report lo you rf. in our opinion..
the information given in the Tw$tee$' Report is In￿nSistent in any material re$pe¢t with the financial
stalernènls,. or
sufficienl accounting fecords have not been kept; or
the financial statements are nol in agreement wilh the accounting records and relums.. or
we have not received all the inlom)alion and explanations we require for our audit.
R8spon$lbllltl•$ of trust•e$
As explained more ftjlly in the Trustees, Responsibililies Slatemenl. the Trustees (who are also the directors of
thg charitable company for the purposes of company lawl are ￿sponsible for the preparation of th& financial
ststements and for being satisfied that they give a true and lair wew. and for such internal control as the
Trustees determine is necessary lo enable the preparabon of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial ststements, the Trustees are responsible for assessing tho charitable ¢omp8nls ability
to ¢ontinLJe as a going con¢em. disdosing, as applicable, matters related to going ￿nCeM and using the going
concern basis of accountin9 unless Ihe Trustees either intend to liquidate the charitable company or to cease
operations, or have no realistsc altemative but to do so.
Page 9

CASP
(A Company Limited by Guar*ntee}
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CASP {CONTINUEDI
Auditors. responsibilities for the audit ol the financial ststements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with
the Act and relevant regulatiorbs made or having effect ihereunder.
Our objèctiv$s aro to obtain rgasonable assurance about whelher the financial statements as a whol8 are free
from material misstatement, whether due to fraud or error. and to issue an Auditors. Report ihat includes our
opinion. Reasonable assuran￿ is a high level of assurance, bul is not a guarantee that an audit conducted in
accordance with ISAS IUKI will delect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered Material if, individually or in the aggregate. they could reasonably be
expected lo influence the economic deusions of usets taken on the basis of these financial stslemenls.
Irregularities, including fraud. are instances of non•compliance with laws and regulations. We design procedures
in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities,
including fraud. The extent lo which our procedures are capable ol detecting l￿egUlarl(leS. including fraud is
delalled below..
Enquiry of management aboul any known or suspected instances of norKnmpliance with laws and
regulations, acadenls in the workplace, and fraud:
Enquiry of management around actual and potenknal litoation and daims:
Reviewin9 compliance wilh S￿n￿lcant laws and ￿ul31￿)ns'.
Reviewng finanaal siaternenl disdosures and testing to supporting doojmentation to assess compliance
with applicable laws and ￿gula￿ons',
Challenging assumptions and judgements made by management in their significant accounting estimates,.
and
Performing audrt work over the risk of management override of controls. induding testing of joumal entries
and other adjustmen15 for appropriateness. and evaluating the business rationale of significant Iransadions
outside tho course ol nomial business.
Because of the inherent limitations of an audil, Ihere is a risk thal we will not detect all irregularities, including
those leading lo a material misstaleffjenl in the financAal statements or non-compliance wth regulation. This risk
increases the more that compliance a law or regulation is removed from the events and Iransadions
fle¢ted in the financial slatemenls. as we wll be less likely to become awartr of inslancgs of non-¢omplian¢e.
The risk is also greater regarding ir￿guIaritles occurring dtje to fraud rather than error, as fraud involves
intentional concealment, forgery. collusion, omission or misrepreseniation.
A further description of our responsibilits"e5 for the audit of the finanryal stslements is located on the Fin8nci81
Reporting Council's website at". th￿.fr¢.0
.uklauditorsres
sibililies. This d8scripfjon fomis part of our
Auditors, Report.
Page 10

CASP
(A Company Limited by Guar*ntee}
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CASP {CONTINUEDI
Use of our report
This report is made solely to the charitable companrfs trustees. as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate
to the charitable companys trustees those matters we are required to state to them in an Auditors, Report and
for no other purpose. To the fulle51 extent permitted by law. we do not accept or assume re5ponsibilily lo anyon8
other Ih8n the ¢h8ritable company and its members. as a body, lor our audit work. for this report, or for tho
opinions wg havg fomied.
Li
Whltlngs LLP
Greenwood House
Greenwood Court
Sk￿lner Way
Bury Sl Edmunds
Suffolk
IP32 7GY
Date..
2911112024
Whitings LLP is eligilse for appoinlmenl as auditor of the Charity by virtue of its eligibility for appoinlmgnl as
auditor of a company under Section 1212 of the Companies Act 2006.
Page 11

CASP
(A Company Limited by Guar*ntee}
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 JANUARY 2024
To181
fvnds
2023
Unaudited
Unr•$trlct•d
funds
2024
Total
fund$
2024
Note
Income from..
Income from donations and granls
Charitable activities
Investmen15
1,403
193,886
102,841
1,403
193,886
102,841
16,200
99, 155
Total Income
298,130
298,130
115,355
Expendltur• on:
Raising funds
Charitable activities
25,251
1.362,184
25,251
1.362,184
28,994
1,285,913
Total oxp¢ndltur•
1.387,435
1.387,435
1,314,907
Not ¢xptrndlturo btfor¢ n•t lossès on Inwstmtnts
Nel losses on investments
11.089,3051 11,089,305) fl, 199,552)
187,9601
187,9601
(659,961)
15
Not movornent In lund*
11.177,2651 11,177,265)
(7,859,513)
R•conclllatlon ot funds:
Total funds brought lorward
Nel movement in lunds
6.124,153
6.124,153
7,983,666
11.177,2651 11,177,265) (1,859,513)
Total funds carrfed forward
19
4.946,888
4,946,888
6, 124, 153
The Stalernent ol Financial Activib'es indudes all gains and losses recognised in the year.
The notes on pages 15 to 34 form part of these financial statements.
Page 12

CASP
IA Company Limited by Guarantee)
REGISTERED NUMBER.. 02210675
BALANCE SHEET
AS AT 31 JANUARY 2024
2023
Unaudited
2024
Nots
Fixed assets
Inlangiblg assets
Tangible assets
Investments
13
14
20,504
177.098
4,433,436
29,504
194,621
5,549,856
15
4,631,036
5,773,981
Current a$so1$
Debtors
Cash al bank and in hand
16
408,039
87.371
327,501
97,T89
495,410
425,290
Creditors.. amounts falling due ￿thin one
year
17
(179.558)
(75, 7 18)
N•t Current assets
315,852
350, 172
Total ass•t8 1088 curr•nt IlabllltSes
4,946,888
6, 724, 153
Total net a88ets
4,946,888
6,124, 153
Charlty funds
Restricted funds
19
Unreslricled funds
19
4,946,888
6, 124, 153
Total funds
4,946,BB8
6, 124, 153
Page 13

CASP
IA Company Limited by Guarantee)
REGISTERED NUMBER.. 02210675
BALANCE SHEET (CONTINUED
AS AT 31 JANUARY 2024
The entity was enlilled to exemption Irom audit under secb.on 477 of the Companies Act 2006.
The members have not reouired the entity to obtain an audit for the year in question in a¢cordan¢e wth sertion
476 of the Companies Acl 2006.
However, an audit is required in accordance section 144 of the Charities Act 2011.
The Trustees 8cknowl8dg6 their respcM)sibilib'es cc*np1￿n9 wilh the requirements of the Act with respect to
accounting records and preparab'on ol financial statements.
The financial statements have been prepared in accordance wth the provisions applicable to entities subject to
the small companies regime.
Thè finan¢ial stslemenls were approved an(J authorised for issu6 by tho Trustees and signed on their ￿half by..
J E A Marshall, PhD
(Chair ol Trusleesl
Dale..
2811112024
The notes on pages 15 10 34 form part of these financial staiements.
Page 14

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
General inforniation
CASP is a private cornpany. limiled by guarantee. registered in England and Wale5. The company
registered number and ￿gIStered Chanty number can be found on the Company Infomiation page.
The companls regislered office and trading addfesses can also be found on the Company Infomiation
page.
A¢¢ountlng poll¢los
2.1 Basls of preparat5on of financlal sLitsments
The financi81 stalemenls have been prepared in ac¢ord3nce wth the charib.es SORP IFRS 1021-
Accounting an¢J Reporting by Charities." Stalemenl of Recommended Practice applicable lo charib'es
preparing their accounts in acwrdance wilh the Financial Reporting Standard applicable in the UK
and Republic ol Ireland IFRS 1021 (published October 20191, the Financial Reporting Standard
applicable in the UK and Republic ol Ireland IFRS 1021 and the Companies Act 2006.
CASP meets the definition of a public benefil entity under FRS 102. Assets and liabilities are initially
recognised al historical cost or transaction value unless olheN4ise stsled in the relevant accounting
policy.
2.2 Golng ¢on¢ern
The financial stalemenis have been prepared on a going ￿ncern basis, as deemed appropriate by
the Trustees. Due lo the reduction in operating ineome as 8 result of the diversification programrne
outlined in the Trustees Rewrt. CASP is currently ulilising cash reseNes held in the investment
portfolio lo support their expenditure throughout this period. Senior management continue lo keep
costs under control and minimise these where possible, until $u¢h b'me that op8rational incomo
restores to previously eXperien￿d levels.
2.3 Income
All income is recognised once the charil8ble wmp8ny has enlillemenl lo the income, il is probable
that thÈ incomè will bg receivèd and th8 amount of income rècèivablè can bè mèasur8d reliably. Dug
to the redLJCtion in operating income as a result of its diversification programme outlined in the
Trustees Report, CASP is curTenlJy ulilising cash reserves held in the investment portfolio to support
their expenditure throughout this period. Senior management continue to keep cosls under control
and rninirnise these where possible. until such time that operational income restores lo previously
achieved levels.
Subscriptions are induded in th& Statement of Financial Activities once the charity hBS entitlement to
the income, based on the recognrth)n crileria of the income being met. Where income is received in
advance ol entidemenl of receipt. its recognition is deferred and included in creditors as deferred
income.
Grants are induded in the Stslement of Financial Acfvtie5 on a receivable b8sis. The balance of
income received for specific purposes bul nol expended during the period is shown in the relevant
funds on the Balan￿ Sheet. Where income is received in advance of entiuement ol receipt, its
recognition is deferred and included in creditors as deferred income. Where ents'uement occurs
before income is received, the income is accrued.
Investment incowne is included in the Ststement of Finan￿81 Activities on a T￿1Vable ba515.
Page 15

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policies Icontinuedl
2.3 Incom8 Icontinu•dl
Income tsx recoverablo in relalion lo investment income is recognised al the timè the invoslment
income is receivable.
Other income is recognised in the period in which it 1$ receivable and to the extent the goods have
been provided or on completion of the service.
2.4 Expendlturn
Expgndilure is recognised once there is a 18981 or ￿)nStrUC1￿0 obligation lo Ir8nsf8r economlc benefit
lo a third party, it is probable Ihal a Iransf8r of economic benefits will be requirèd in $8ttlèmènt and
the amount of the obligation can be measured reliably. Expenditure is dassified by activity. The Costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direcl costs aitributable to a single activity are allocated directly
lo that activity. Shared costs which eonlribule lo more Ihan one actsvily and support costs which are
not allnbut8ble Io 8 singltr aclivily are apportioned between those activities on 8 basis consisltsnl with
the use of resources. Central staff cosls are allocated on the basis ol ts'me spent, and depraaalion
charges allocated on the ports'on of ihe assot's use.
Expendilure on raising funds indud8s all expenditure incurred by the charitable company to raise
funds for its charitable purposes arKI indudes costs of all fundraising activities events and non-
charitable trading.
Expgndilure on charitable activities is incurrgd on direcily tjndgrtaking Ihe aclivili8s which further the
charitable wmpanys Obl￿tIves. as well as any associated support costs.
All expenditure is indusive of irrecoverable VAT.
2.S Government grants
Government grants relating to tsngible fixed assets a￿ treated as deferred income and released to
the Statement of Finanaal Acts'vities over the expected useful lives of the assets concerned. Other
granis are credited to the Siatemenl ol Finanaal Activities as Ihe related expenditure is incurred.
2.6 Interest receivable
Intgresl on funds held on deposit is induded when receivable and tho amount can be mgasurgd
reliably by the charitable company.. this is nomially upon notification of the interest paid or payable by
the inststution with whom the hjnds are derK)sited.
2.7 Foreign currencies
Monetsry assets and liabilth.es denominated in foreign ¢urren¢ies are Iranslaleil into steding at ral&s
of exchange ruling at the re￿)rtIng ijate.
Transactions in foreign currenues are iranslated into sleding at ihe rate ruling on the date of the
transaction.
Exchange gains losses are recogni￿1 in the Stslement of Fin8nci81 Activities.
Page 16

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policies Icontinuedl
2.8 Intangibl8 assets and amortisat•on
Intsngible assets costing £3(M) or more are capitalised and recognised when future economic
benefits are probable and the eosl or value of the asset Can be measured reliably.
Intsngibl8 assèts ar8 initially recognisèd at cost. Aftèr recognition. under the Cost model, intangible
assets are measured at cosl less any accumulated amortisation and any accumulated impairment
losses.
Amortisats'on is provided on intangible assets al rates calculated to write off the cost of each asset on
a straighl-line basis over its expected useful life.
Amortisalion is not provided on inlangible fixed assets under wnstruction.
Computer Softwaro
20 % Straight line
2.9 Tangibl• fixèd *¥sèts ènd doprè¢latlon
Tangible fixed assets costin9 £300 or more a￿ capitalised and ￿COgnised when futur8 economic
bengfits arg probablo and the cost or value of the asset can be measurod reliably.
Tangible fixed assets are initially recognised at cost. After recwnIt￿n, under Ihe cost model, tangible
rixed assets are measured al cosl less accumulated depreciation and any accumulated impairment
losses. Al costs incurred to bring a tangible fixed asset into its intended working conditson should be
included in the measurement ol cost.
Depreciation 1$ charged $0 as to all￿at0 the cost of tsngible fixed assets less their residual valuo
over their estsmated usefvl lives. using the straight4ine method.
Depreciation 1$ provided on the following bases..
Plant and machinery
Flxtures and ffttings
20-33%
2-20%
2.10 Investments
Fixed asset investments are a form of financial in5trurnent and are In￿'allY recognised al their
transaction cost and subsequently measured al fair value al the Balan¢x Sheet dale, unless the value
cannot be measured reliably in which case rt is measured at ¢ost Igss imp8im)ent. Inveslmgnl gains
and losses, whether realised or Un￿alISed, a￿ combined and presented as 'GainsllLossesl on
investments. in the Stalement of Financial Activities.
2.11 Debtors
Trade and other debtors are recognised at the settlement arnounl after any trade dis¢ount offered.
Prepayments are valued at the amount p￿paI{j net of any trade discounts due.
2.12 Cash at bank and in hand
Cash at bank and in hand indudes cash and short-term highly liquid investments with a short malurty
of three months or less from the dale of acquistb.on or opening of the dep0511 or 5iTnilar account.
Page 17

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Accounting policies Icontinuedl
2.13 Liabllitl8s and provislons
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable Ihal a transfer of economic benefit will be requirad in settlement, and the amount
of the settlement Can be estimaled reliably.
Liabilities are recognised at the anN)unt that the charitable company anticipates it will pay to settle the
debt or the amount it has received as advanced payTnents for the goods or setvices rt must provide.
Provisions are measured al the best e51imale of the amounts required to settle the obligation. Whera
the effect ol the lime value of money is m8leri81. the provision is based on the present value of those
amounts, discovnled al the pre-tax discovnl rale that reflects the risks specific lo the liability. The
unwinding ol Ihe discount is recognised in Ihe Slatemenl of Financial Acts'vities as a finance cost.
2.14 Financlal Snstrum•nts
The charitable company only has financial assets arKI finanual liabilities of a kind that qualify as basic
rin8n¢i81 instruments. Basic financial instwmenls are inib.ally recognised al transaction value and
subsequently measured al their setuemenl value with the exception of bank loans which ar8
subsequently measured al amortised cost using the effective interest mothod.
2.1 S Penslon8
The charitable company operates a defined contribution pension scheme and the pension charge
rep￿SentS the amounts payable by the charilable company lo the lund in respect of the year.
2.16 Fund a¢¢ountlng
General funds are unrestricted fijnds which are available for use at ihe discrets'on of the Trustees in
furtherance of the general objectives of the charitable company and which have not been designated
for other purposes.
Designated funds comprise un￿striCted fvnds that have been set aside by the Trustees lor particular
purposes. The aim and use of each ijesignated is set out in the notes to the financial
statements.
Investment income, gains and losses are allwated lo the appropriate fund.
Page 18

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Critical accounting estimates and areas of judgment
Estimates and judgments are conb"nually evaluated and are based on historical experience and olh8r
f8¢tors, including expectstions of future events that a￿ believed to be re8sonable under the
circumstances.
Critical accounting eslimates and assumptions=
The charitable company makes eslimales and assumptions ￿nCernIng the future. The resulting
accounting eslim8les 8ssumplions will. by definrtion. seldom equal the rel8led 8clual results. The
eslimales and assumptions that hav8 a signifi¢anl risk of causing a malerial adjuslmenl lo the Carrying
amounts of assets and liabilities wthin the next finanoal ￿ar are discussed below.
Useful economic lives of tangible asset$.'
The annual depreeialion Charge lor tangible assets is sansitsve lo d)anged in the eslim81ed usèful
economic lives anij residual values ol the assets. The useful economic lives and residu81 values are re-
assessed annually. They are amended when necessary lo reflect current eslimales, based on
tg¢hnological advancgmenl, fulure inv8Stmen¢s. economic utilisats'on and the physi¢81 condilion of tho
assets.
Page 19

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Income from donations and grants
Total
fvnds
2023
Unaudited
Unrostrlctèd
funds
2024
Total
funds
2024
Donations
Grants
203
1,200
203
1,200
1.403
1,403
Incom• from ch*rltabl• actlvltlèj
Total
funds
2023
Unaudited
Unrestricted
funds
2024
Total
fund5
2024
Subscription income
193,886
193,886
16,200
Total 2023
16.200
16,200
Inv•stment Incom•
Tol81
fvnds
2023
Unaudited
Unrestri¢ted
funds
2024
Total
funds
2024
Income from investment portfolio
Oth8r inv8stment income
102.841
102,841
91,241
1,908
102,841
102,841
99,155
Total 2023
99,155
99,155
Page 20

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Investment management costs
Total
fvnds
2023
Unaudited
Unrostrlctèd
funds
2024
Total
funds
2024
Portfolio management fees
25,251
25,251
28,994
Total 2023
28.994
28,994
Analysls of •xp•ndlturo on charltable actlvttl
Summary by fund typfj
Unrestrlcted
fund$
2024
Total
2024
Total
2023
Consultancy
Stsff costs
Accountancy & audit fees
Exploration & fieldwork
Library services
Other office costs
Scientific Advisory Board expenses
Promots'on & publialy
Staff training
Restrar¢h activities
58,147
889,610
6,205
14,764
820
161,783
58,147
889,610
6,205
14,764
820
161,783
43,026
872,428
4,935
46,210
634
173,049
3, 703
340
130
130
14,261
216,464
14,261
216,464
76,581
125,007
1.362,184
1,362,184
1,285,913
Total 2023
1,285,913
1,285,913
Page 21

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Analysis of expenditure by activities
A¢tlvltles
und•rtak•n
directly
2024
Total
fvnds
2023
Unaudited
Support
costs
2024
Total
funds
2024
Consultancy
Siaff costs
Accountancy & audit fees
Exploration & fieldwork
Library services
Other offico costs
Scientific Advisory Board expenses
Promotion and publicity
Stsff Iraining
ReSea￿h activities
$8.147
386,196
58,147
889.610
6,205
14,764
820
161,783
43,026
872,428
4,935
46,210
634
173,050
3, 703
340
16,581
125,007
503,414
6,205
14.764
820
161,783
130
130
14,261
216,465
14,261
216,465
Total 2024
690,653
671,532
1,362,184
7,285,913
Tol812023
676.939
608.975
7,285.914
10. Auditors. remuneratlon
The auditors, remuneralion amounts lo an auditor fee of £8,500 (2023 - £ -). and Independent examiner
of £ -12023- £3,660).
11. Staff costs
2023
Un8udited
2024
Wages and salaries
Social Security costs
Contribution lo defined Contribution pension sche￿5
629,410
64,614
195,586
623,482
60,490
188,456
889,610
872,428
Page 22

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
11. Staff costs Icontinued)
The average number of persons employed by the charitable company during the year was as follows..
2024
No.
2023
No.
Research services
Management and administration
Tèchnical services
14
16
The number of employees whose employee benefits {exduding employer pension costs) exceeded
£60,000 was..
2023
Un8udil8d
No.
2024
No.
In the band £60,001 - £70,(
In the band £70,001 - £80,(
During the year, defined pension conlribtjlions on behaw of thes8 members of staff amounted lo £15,335
12023.. £46,126). Remuneration and benefits r￿91¥¢d by key managgment personnel in the yoor werg
£462,18212023'. £442,249).
Page 23

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
12.
Trustees. remuneration and expenses
During the year. no TTuslee5 received any remuneration or other benefits (2023- £NIL).
During the year ended 31 January 2024, expenses lotalling £1.616 were reimbursed or paid directly lo 5
Trustees12023 - £2.285 paid direcuy to 6 TnJslees}.
13. Intangible assets
Computor
$oftwaro
Cost
Al 1 February 2023
45,254
At 31 January 2024
45,254
Amort18atlon
Al 1 February 2023
Charge lor the year
15,750
9,000
At 31 J8nu8ry 2024
24,750
Net book value
At 31 January 2024
20,504
At 31 J8nuary 2023
29,504
Page 24

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
14. Tangible fixed assets
Plant and Flxture$ and
maehln•ry
fittlngs
Total
Cost or valuatlon
At 1 Fgbruary 2023
Additions
268.186
33,451
121,841
390,027
33,451
At 31 January 2024
301.637
121,841
423,478
Depreciation
At 1 February 2023
Charg8 for the year
141.342
46.2SS
S4,064
4,720
195,406
50,975
At 31 January 2024
187,597
58,784
246,381
Net book value
At 31 January 2024
114.040
63,057
177,097
Al 31 J8nuery 2023
126,844
67, 777
194,621
Page 25

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
15.
Fixed asset investments
Llsted
Inv•stm•nts
Cost or valuatlon
At 1 Fgbruary 2023
Additions
Disposals
Revaluations
S,549,856
2,155,873
13,184,334)
187,9601
Al 31 January 2024
4,433,436
Net book value
At 31 January 2024
4,433,436
Al 31 Jonuory 2023
5,549,856
16. Debtors
2023
Unaudited
2024
Du¢ wlthln on• y*•r
Trade debtors
Other debtors
Prepayments and accwed income
71,064
18,588
318,387
14,161
373,340
408.039
327,501
Page 26

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
17. Creditors: Amounts falling due within one year
2023
Unaudit&d
2024
Trade creditors
Other tsxation and social security
Other creditors
Accruals and deferred income
23,338
17,840
19,052
119,328
6,276
7T,740
11,312
39, 790
179,558
75,118
18. Flnan¢lal In8trum•nts
2023
Unaudited
2024
Flnan¢lal a$$•ts
Finan¢i818ssets measured 81 fair value Ihrough income and expendilure
4,520,806
5,647,645
Finaneial assets meèsured al fair value through income and expenditure ttjmprise Cash al bank and the
value of the investmenl portfolio at the reporting date.
Page 27

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
19. Statement of funds
Statement of funds - current year
Balancè at 1
Fèbruary
2023
Unaudited
Balanc8 at
Gainsl 31 January
(Losses)
2024
Transfers
inlout
Income Expenditure
Unr•strl¢tfrd
funds
Designated
funds
Black Sea
Data collert￿n
Greenland
NW Black Sea
Flood Basall
IVol¢anic
Basins)
South Caspian
Prov Study 2
88renls Sh911
Paratethyan
Stratigraphy
Project 2
SEM
North Atlantic
Margins
Bunter
Impact of
Volcaniclaslic
rocks on C02
stores
55,092
144,745)
163,455)
11.688)
137.512
112.167)
1,688
56,912
63,455
19,268
11,6881
1115.368)
154.8651
{170,2331
19,272)
170,599)
19,2721
177,4081
(6.809)
12,434)
12,598)
(31.325)
123.6861
(160.723)
{194,4821
125,0841
1.200
16.948)
1173.188)
(36,386)
{337.5321
325,163
281,829
{442,0241
68,696
19,982}
1267,991)
(3.169)
113,1511
{267,9911
Dinarides
Paralelhyan
Stratigraphy
Project
Greater Caspian
Provenance
Project
Neptun Deep
Study
Critical Minerals
project
Mudrock Seals
project
194,482
194,482
(3.190)
{11.598)
{32.590)
9,272
113,838)
144.5851
10,117
132,457)
{6.744)
139,2011
1142,636)
(93.370)
{236,0061
Page 28

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
19. Statement of funds (continued)
Statement of funds- current year Icontlnuedl
Balancè at 1
Fèbruary
2023
Balaneo at
Gainsl 31 January
(Losses)
2024
Transfers
Inlout
Income Expenditure
New project
development
and charilable
expenses
Reacii'ons and
flow project
1138,034)
61.397
73.865
12,7721
157.915)
114.0941
172,0091
1906.764}
195.086
1652.445)
327.770
11,036,353)
General funds
Stralegic reserve
Investment
reserve
3,15S.401
(705,019) (327,7701
2,122,612
643.206
(4.720)
638,493
Building
improvement
reserve
3,232.310
103.037
125,251)
187,9601
3,222,136
7.030,917
103,044
(734,990) {327.7701
187,9601 5,983,241
Total
Unrestrlcted
funds
6.124,153
298.130 {1,387.4351
187.9801 4,946.888
Designated funds..
Designated funds represent funds ringfenced by the trustees in respect of specific ongoing projects as
determined by the charity itself. Some fund5 are in deficit due lo being financed partially or wholly frorn
the chariws main reserves a5 incowne has not been suffiGienl lo fully fund the projects. The Iruslees
dèèm it appropriate to recognise these funds in d¢fiut where appropriate to represent the net exp¢ndiluro
in these areas.
General funds..
General funds represent fund5 available for the other general objectives of the charity. The trustees dee
the level of general raserves held (less designat8d fund balances in dÈficitl as bèing al an appropriatg
level for the charity to be able to continue its charitable activities for the foreseeable future.
Page 29

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
19. Statement of funds (continued)
Statement of funds - prbor year
Balan¢e al
l Febnjary
2022
Balanc8 at
Gainsl 31 January
(Lossesj
2023
Income Expenditure
Unr•strl¢t•d funds
D•slgnated funds
Black Sea
Dal8 Collectbn
Greenland
NW Black Sea
762,809
(107. Tl7)
(44, 7451
55,092
(44, 745)
(63,455)
(1,688)
(115.368)
(9,272)
(70,599)
163,455)
(1,688)
(62, 776)
Flood 8asall (Volcanic 8asinsl
South Caspian Prov Study 2
B8rgnls Sho11
Paratethyan Stratigraphy
Project 2
SEM
North Allanlic Margins
Bunt8r
f52.5921
(9,272)
(38,692)
(31,907)
(2.434)
(2. T98?
(6.948)
(160,227)
(2.434)
(2,598)
{6,948)
(173, 188)
200
(12,961)
Impact ol Volcaniclaslic rocks
on C02 stores
Dinarid8S
Paratethyan Stratigraphy
Project
Greater Caspian Provenanee
Project
Uralian Proven8nce Project
Critical Minerals projeci
Mudrock Seals project
New project developrnenl and
¢harit8ble expgnses
Reactions and flow project
(7,785)
(256.737)
(8, 797)
(11.2541
(9,982)
(267,991)
197,253
(2. 771)
194,482
(3. 190)
(13,8381
(15,253)
(120, 129)
{3, 190)
(Y3,838)
(32,457)
(142,636)
(17,204)
(22,50T)
(39.551)
{24,654J
(98,4831
(33,261)
(138,034)
(57,915?
(7T5. 163)
200
(731,807)
(906, T64)
General funds
Strategic reserve
Investment reserve
3.406.467
643,206
4.709. 156
16,C190
(267,066)
3, 155,401
643,206
3,232,310
Building improvement reserve
99,154
(316,039)
(659,961)
Page 30

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
19. Statement of funds (continued)
Statement of funds- prlor year Icontlnuedl
Balan¢e al
l Febnjary
2022
Balanc8 at
Gainsl 31 January
(Lossesj
2023
Income Expenditure
8.158,829
115, 154
(583, 105) (859,961)
7,030,917
Total Unr•8trlcted funds
7,983.666
7 15,354 {1.314.906)
(659.967) 6, 724, 153
Page 31

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
20. Summary of funds
Summary of funds- current year
Balancè at 1
Fèbruary
2023
Unaudited
Balanc8 at
Gainsl 31 January
(Losses)
2024
Transfers
inlout
Income Expenditure
Designated
ftjnds
1906,764)
7.030.917
195.086
103.044
(652.44S)
(734.9901
327.770
{327.7701
11,036.3531
S,983,241
General funds
187,9601
6.124,153
298,130 {1,387,43S
187,9601 4,946,888
Summary offunds. prlor year
Balan￿ al
l February
2022
Balanco ot
Gainsl 37 January
(Losses)
2023
Income Expenditur8
Designated lunds
General funds
1175. 163)
8.158,829
200
116, 154
(731,801)
(583, 105)
(906, 764)
7,030,917
(659,961)
7.983.666
115,354 (1,314.906?
(659,961) 6, 124, 153
21. Analy$l8 of not assets between fvnds
Analysls of n•t asséts ￿tWO•n funds - current year
Unrestricted
fund5
2024
Total
fund5
2024
Tangible fixed assets
Intangible fixed assets
Fixed asset investJnents
Current assets
Creditors due within one year
177,096
20,504
4.433.436
495.410
{179,5581
177,096
20,504
4,433,436
49S,410
{179,5581
Total
4.946,888
4,946,888
Page 32

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
21. Analysis of net assets between funds Icontinuedl
Analysis of net assets between funds - prior year lunaudtted}
Unrestricled
funds
2023
Total
fvnds
2023
Tangible fixed assets
Intangible fixgd assets
Fixed assel investments
Current assets
Creditors due within one year
194.627
29,504
5,549,856
425.290
(75, 718)
794,621
29,504
5.549,856
425,290
(75, 118)
Total
6, 124, 153
6, 124, 153
22. Capltal commltmonts
2023
Un8udit8d
2024
Contracted for but not provlded Sn these flnanclal statemonts
Acquisition of tsngible assets
31,760
22,341
23. P•n$i¢n ¢ommitment$
The Charity operates a defined ¢￿tribution pension scheme. The assets of the s¢heme are held
separately from those of the Charity in an independendy administered fund. The pension cost charge
represents contributions payable by the Charity lo the fund and amounted to £195,58612023- £188,4561.
Contributions of £17,866 12023 - £4,1751 were payable lo the fund al the balance sheet dale and are
included in credilors.
Page 33

CASP
(A Company Limited by Guar*ntee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
Operating lease commitments
Al 31 January 2024 the charitable company had commitments to make future rninirnum lease payments
under nOn￿ncelIable operating leases as follows..
2023
Unaudited
2024
Nol18ler th8n 1 year
Later than 1 year and not later Ihan 5 yea
2,820
5,640
2,820
2,820
8,460
25. Memb•rs'15abillty
Each member of the charitsble company urKJertakes lo contribute lo the assets of the company In tha
event of il being wound up while Ihey are a membef, or within one year after they c8ase lo be a member,
such amount as may be requi￿d. nol exceeding £1 for the debts and liabilities contracted before Ihgy
cease to be a member.
26. Related party transa¢tlon$
The charitable company has not 8nter8d into any r8lated paty transaction during the year, nor are ther8
any outsianding balances owing tsefv￿n related parb'es and the charitable company at 31 January 2024.
Page 34