COMPANY NUMBER: 02467689 CHARITY NUMBER: 803438 (SCOTTISH CHARITY NUMBER: SC039304) BRITISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) TRUSTEES, ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED31ST MARCH 202S SHDI LIFE www.bdmlr.org.uk Iini.Iiini AEH7R7J6 2011212025 COMPANIES HOUSE A17
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BRITISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Pgge Legal and administrative inforn]ation Report of the trustees Consolidated Ststement of financial activities Consolidaled Income and expenditure account and statement of cornprehensive income Consolidated Balance sheet 10- Ii Consolidated Statement of Cashflows 12 Note5 to the financial statements 13-22 Independent examiners report 23
BIUTISH DIVERS MARINE LIFE RESCUE (LllVIITED BY GUARANTEE) LEGAL AND ADMINISTRATtVE INFORMATION Registered cornpany number: 02467689 Registered chartty number.. Scottish charity number: 803438 SC039304 Trustees: Alan Knight OBE Bse (Hons) Geoff Hammock Fayc Archell Bsc (Hons). Cert Ed MArk Stevens Gavin Parsons Martin Boon Company Secretary.. David Rap Registered Office: Lime House, Regency Close. Uckfield. East Sussex, Tr422 IDS Principal bankers: The Co-operative Bank plc. 26 Military Road, Chatham, K¢nt ME4 4JX Independent examiner.. VMR Anderson BA (Hons) FCA DChA Carpenter Box 2 St Andrews Place Lewes East Sussex BN7 1 UP Page 3
BRITISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES The trustees submit their annual report and unaudited financial statements for the year ended 3 l March 2025. Structure The charity is managed by a board of trustees. Recruitment of Trustees The trustees realise that the selection of new trustees is irnportant and they have run a trustee apprenticeship system. Members of the charity who show exceptional devotion to the aims and objectives of the charity. and who are active within the Charity, ar¢ invited to act as charity directors for a year. They do not have voting rights but are eligible to attend all trustee meetings and take a full part in the running of the charity. During their apprentice phase they can fully undcrstand the role they need to play and can gct used to the pressures of the position, At the end of the first year the current trustees dccide whether the apprentices are eligible to become trustees and, if they agree, they are offered the position Organisgtion & Management In tem]s of organisational structure the trustees are responsible for the strategic direction of the charity, governance and charting perfom)ance against the budget which is prepared annually, as well as making investment decisions regarding the funds of th¢ trust. The trust¢¢s hav¢ employed an administration Manager to run the charity on a full time basis. The manager books Marine Mammal Medic courses and runs the general administration. The accounts function is led by an employed Finance Manager. Affiliates Tursiops Trading Ltd is the trading company of British Divers Marine Life Rescue; historically. th¢ 'sal¢s goods, and external sales of equipment have been passed through this company. We have now activated the Tursiops account and are lookin8 into the VAT registration of both BDMLR and Tursiops Partners International Animal Rescue donates office spaee to BDMLR and also provides administrative support. Risk Management The trustees have prepared a risk assessment document for the charity. This covers risks regarding data, continuity, succession and liability. The trustees review the major risks to which the Charity is exposed on a regular basis and systems are impl¢m¢nt¢d whenever possible to mitigate these risks. The trustees believe that th¢r¢ is a satisfactory system of internal controls which are also reviewed on a re8ular basi5. Objectives BDMLR provides a rescue service for marine wildlife. We rescue many hundreds of seals each yearand deliver them to rehabilitation units around the UK. We were the group that tried to rescue the London Whale and we run training courses to train Marine Mammal Medics, which is a nationally COgnised course. Public Benefit In consideration of The Charities Act 2011 definition of charitable purpose. the trustees of British Divers Marine Life rescue consider that the objectives and activities of the Charity are for the public benefit by supporting the advancement of animal welfare. Activities include: Page 4
BRITISH DIVERS lRINE LIFE RESCUE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES Nationwid¢ marine wildlife emergency rescue service Provide veterinary care and treatment to marine wildlife Public awareness and education of marine wildlife Safeguard marine wildlife from harni Training of Marine Mammal Medics- Nationwide Revlew of activities BDMLR continues to provide the primary emergency response service for marine mammals in the UK. The network of volunteers and equipment stationed strategical ly around the country are predominantly the first point of call for the authorities, other NGOS and the general public if a distressed marine mammal is reported. BDMLR will coordinate the rescue and transportation to a secondary care facility, if appropriate. To support the rescue work, BDMLR continues to provide marine mammal medic training to the public and other interested parties in the UK and beyond. Callouts for 2024-2025 saw a similar number of callouts compared to the previous year. Total callouts were 4,000 (year before 4,066). The high callouts is largely driven by rapidly increasing awareness of BDMLR, along with the increasingly frequent severe Atlantic winter storms driven by climate change, and apparently the poor health of the East of England common seal population. We have identified and are leading research into a new disease that can kill Harbour seals called 'Mouth Rot, We have more medics and a really efficient system for calling them out called 'Cardskipper' so we are able to get to more animals than before. Also. other rescue services such as th¢ RSPCA divert more callouts to us. The focus has shifted to the NE of England and Yorkshire. Our rescue costs have increased accordingly as seals have to be treated in vet surgeries rather than in rescue centres which are full. This is reflected in higher vet bills and higher volunteer expenses. England is by far the busiest region for seals and cetaceans. Wales is still not very well covered by medics and we need to work to resolve this. We have a new team in Caithness region of Scotland and we can expect to see more callouts there as we now have the team to respond to thern. A n¢w seal hospital has op¢n¢d near Thurso which should provide some help. We have had a busy year at th¢ seal hospital in Cornwall. with 80 seals treated during the year. This was less than the year before (120). Credit must 80 to the Cornish team who have manned the hospital with a stream of excellent volunteers Marine Mammal Medic courses in both England and Wales were as busy as usual. The new videos of lectures has done a lot to make sure the quality of lectures is the same nationwide. Th¢ Salesforce database has proved its value by allowing the charity lo send out renewal reminders automatically by email, which has saved expense on postage. We continue to work on the databas¢, integrating it with the website to remove the need to do so much manual uploading. Oceancare once again supplied a grant for us to employ our own vet for 6 months and we thank them for that. We need to increase courses in 2026 and have now sourced new models to use to train people which was a bottleneck . We have 3.000 people waiting to do courses so doing more should not be a problem. All in all another excellent year. The charity is in good shape and has managed to keep a reasonable financial reserve. Objectives and Activities in Scotland BDMLR'S objective is to provide a marine wildlife rescue service throughout the UK, including Scotland. This includes the training of interested parties as Marine Mammal Medics. so that a network of suitably trained volunteers are available around the coast to respond to marine wildlife emergencies. Page S
BIUTISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES The emergency marine wildlife response service was available 24 x 7 x 365 throughout the year. The team responded to injured an(Vor abandoned seals as well as numerous cetacean emergencies. The structure of the operation in Scotland is that the rescue and training operations are managed by the Scottish National Coordinator (a voluntary post) who reports to the board of trustees. Thc National and Rcgional Coordinators liaise between BDMLR and other organisations in Scotland. other NGOS, emergency services, local government departments and other associated parties. Scottish activities are supported by the administrative office and emergency response phone line in Uckfield, East Sussex. Income from Scottish activities amounted to £23,694. Specific costs separately identifiable to the Scottish operation totalled £44.704. Future plang The Trustees intend to continu¢ running Martne Mammal Medic courses and training the Coastguard, Fire service and the general public. The intention is to provide a more efficient service in the future with good coverage over all of the UK. The COVID pandemic was awful but every cloud has a silver lining. Filming the courses has been planned for years but the pandemic made it happen and we have improved the course as the quality of the lectures is now the same nationwide . The medics now view the lectures on their PC and laptops and spend a whole day working on the practical sessions with the models which is what they really want to do. Fundraising Funds are generated from the running of Marine Mammal Medic courses and subscriptions from qualified medics. We also receive some legacies and grants for our work. Our local fundraising groups have been doing an amazing job at raising funds in local areas which are invested in equipment in that area. Investments Our investments saw a net unrealised loss in the year of £9k (2024: net gain of £22k). We have maintained our ethical investment account but are also reviewing other accounts to invest in. Page 6
BIUTISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES Financial Performance The Charity's main Source of income is Marine Mammal Medic courses and membership subscriptions. This is reasonably stable year on year, with an increase in subscriptions driven by renewals. Overall, the income in the year was £446k, an £8k decrease on the previous year. This was mainly due to a reduction in legacy income of £54k offset by higher donations and grants (£16k increase) and increased trading income (£28k increase). Charitable expenditure increased compared to the previous year at £510k {2024.. £436k) due mainly to increased staff costs, and there was an £9k unrealised loss on investments (2024.. £23k unrealised gain). Th is resulted in an overall decrease to reserves forthe year of £73k, leaving a closing reserves fund of £504k {£210k of which is restricted). The reduction in reserves is due to an unexpected liability of VAT. We funded this liability partly from by cash and partly from reserves. Our reserve fund therefore reduced and we revised the amount of reserves we hold. A prior period adjustment has been made to include the recognition of historical VAT liabilities and the comparative figures have been adjusted accordingly. The impact on total charity funds was a Teduction of £116,950 for the period to 31 st March 2024. Reserves Policy The Global economy remains precarious, with the hangover from the pandemic which we in the UK are now paying for and a new Government promising higher taxes to pay for social regeneration, The full impact of the US tariffs and environmental policy. pandemic, Brexit. the Ukraine war, energy price increases and inflation remain uncertain. The charity aims to hold a free reserve of around £300K. The free reserve held at 31.3.25 is £294k which is the equivalent of around 7 months of operating costs. Statement of Truslees, Respon8ibilit5es and Corporate Governance The Trust¢es are required to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the Charity and the incoming resources and application of resources includin8 the net income and cxpenditure of the period. In preparing these financial statements, the Trustees are required to:. select suitable accounting wlicies and then apply them consistently; make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements omply with the Companies Act 2006. They are Tesponsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention of fraud and other irregularities, The trustees are responsibl¢ for the maintenance and integrity of the corporate and financial inforniation included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Signed by Alan Knight Date Page 7
BIUTISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) CONSOLtDATED STATEMENT OF FINANCIAL ACTIVITIES Ib (INCORPORATING A CONSOLIDATED INCOME AIYD EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025 Unrestricted Funds 2025 Restri¢led Funds 2025 Total 2025 Total 2024 as restated INCOME Incoming resources from generated funds:. Donations and legacies Donations Legacies Investments Inrerest Dividends 276.809 62,352 339,161 323,363 54,350 684 684 1,619 2,465 her trading activities her 99,738 99,738 72,137 Total 44 EXPENDITURE Charitable Activities Raising Funds Fundraising Costs 404,641 37,335 441,976 375,887 14,941 14,941 10,067 Other Total 472 Net incoming/(outgoing) resources before oiher recognised gain5 and 105ses (88,979) 25,017 (63,962) 18J02 Net gain/(loss) on investment assets Net incomel(expenditure) (97,684) 25,017 (72,667) 41,106 Fund balances at 111 April 2024 391,382 185,011 576,393 535,287 Fund balances at 3111 March 2025 293 698 210 028 576 S03 726 95 The detailed 2024 comparative statement of financial activities is reported in note 3. Page 8
BRITISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) INCOME ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025 Notes 2025 2024 as restated TURNOVER 438,899 449,850 Campaign costs, fundraising, administration and general expenses OPERATING SURPLUS (71,122) 14,218 Interest receivable and income from investments SURPLUS FOR THE FINANCIAL YEAR All amounts relate to continuing activities. STATEMENT OF COMPREHENSIVE INCOME 2025 2024 as restated Surplus for the year (63,962) 18,302 Unrealised gains/{losses) on revaluation of investments Total recognised gains for ihe year Page 9
BRITISH DIVERS LIFE RESCUE (LIMITED BY GUARANTEE) COMPANY NUMBER: 02467689 BALANCE SHEET AS AT 31ST MARCH 2025 Group 2025 Group 2024 as reslated Charity 2025 Charity 2024 as restated Notes FIXED ASSETS Tangible assets Investmenis 236,709 290 526,990 208,085 294 403 502,488 236,709 208,085 526.990 502,488 CURRENT ASSETS Stock Debtors Cash at bank and in hand io 44,022 40,026 32,533 108,082 112214 252,829 33.870 53,364 32.533 107,984 165,230 159,140 252,731 Creditors.. Amounts falling due within one year 12 (188,494) (178,924) (182,502) {178,924) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITllI S 503 726 576 503 628 576 295 THE FUNDS OF THE CHARATY Restricted funds 15 Unrestricted funds Revaluation reserve 309,051 398.631 309,553 398,533 Total unrestricted funds 15 293 391382 TOTAL CHARITY FUNDS The company is entitled to exemption from audit conferred by Section 477 ot the companies Act 2006 tor the year ended 3 1st March 2025. The mcrnbeTS have nol required the company to obtain an audit of its finanoial ntatcmcntv of th¢ Compani¢s A¢t 2006. in accordanc¢ Ni'ith Scction 476 The trustees confirni that they are responsible for: a) ensuring that the company keeps accounting records which comply with Seetion$ 386 and 387 of the Companies Act 2006, b) and preparin8 financial statements which give a tnje and fair view of the State of the affairs of the company as at the end of th¢ financial year and of its results for the financial year in accordance wilh the requirements of Sections 394 and 395, and which otherwise comply with th¢ requTTements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. Page 10
BRITISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) COMPANY NUMBER: 02467689 BALANCE SHEET AS AT 31ST MARCH 2025 The financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. i?/IY2o2 by ihe trustees on and signed on their behalf by.. Approve A Knight- Trustee Page 11
BRITISH DIVERS I{ARKNE LIFE RESCUE (LIMITED BY CUARANTEE) co{PANy NUMBER: 02467689 CASH FLOW STATEMENT AS AT 31ST MARCH 2025 Group 2025 Group 2024 as restated Charlty 2025 Charity 2024 as rtated Noles Cash flows from opergting activities Cash 8¢nerat¢d from operaiions 14 Cash provlded by (used In) operating a¢livi¢ies Cash flows from Investing activitles Purchase of tangible fixed assets Sale of tangible red assels Purchase of fix¢d asset investments Interest received (77,327) (38,395) 4,795 (157,594) (77,327) (38,395) 4,795 (157,594) Cash provided by (used in) investing activities 18 18 Change in cash and cash equivalents in the reporting period (31,032) (167,184) (40J08) (167,184) Cash and cash equivalents at the beginning of the reporting period 112214 112214 279 Tolal cash al the end of the year 112 214 112214 Page 12
BIUTISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31ST MARCH 2025 Accounting policies a) Basis of accounting The financial statements have been prepared in accordance with Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102, effective l January 2019), hereafter referred to as the Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) and the Companies Act 2006. British Divers Marine life rescue meets the definition of a public benefit entity under FRS 102. b) Income Gifts and donations are recognised as they are receivable. Income from legacies is recognised at th¢ earliest wint at which the amounts b¢¢ome certain. Income derived from investm¢nts in the fonr¢ of dividends and interest is credited to the SOFA when receivable by the charity. c) Resources expended Resources expended are included in ihe Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across Cost categories on the basis of an estimate of the proportion of time spent by staff on those activities. The main categories of expenditure are:_ Charitable activities are the costs of the Campaigns and related ov¢rh¢ads. b) Costs of generating funds are fundraising costs and investment management fees. Governance costs include those costs incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements. d) Support costs are allocated over the above categories on the basis of staff time spent on each activity. d) Pension Scbeme Arrangements The Charity makes contributions to a small self-administered pension scheme which operates on a defined contribution basis to provide employees retirement and death benefits. Regular contributions are recognised on an accruals basis and special contributions are recognised in the period in which they occur. Page 13
BRITISH DIVERS MARll¥E LIFE RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 e) Fixed assets Fixed assets are depreciated over their expected useful lives at the following annual rates: Property (Seal Hospital build) Boats & Equipment Fixtures. Fittings & Equipment Vehicles Straight line Reducing balance Reducing balance Reducing balanc¢ 330/0 33% 33r/i o f) Investments Investments are included at closing mid-market value at the balance sheet date with revaluation surpluses or deficits being credited or charged as unrealised gains or losses to ihe appropriate fund. g) Fund accounting The charity maintains various funds in a¢cordan¢¢ with the Statement of Recommended Practice 'Accounting and Reporting by Charities (2015),. These funds, which require separate disclosures, are as follows.. Unrestricted Funds. These are general funds of the charity and are expendable at the discretion of the Trustees in the furtherance of the charitable objectives. The main sources of general funds are donations arising from appeals, grants from trusts and investment income. The main applications of general funds are campaign costs, fundraising costs and related overhead costs. Restricted Funds. These are funds which ar¢ subject to specific objects declared by the donor or which are raised by appeal for a specific purpose. These funds are expendable by the Trustees in furtherance of the specific object for which they were given unless the donor later agrees that they can be applied for a general purpose. Due to the nature of these funds they are accounted for separately from the general funds of the charity. Page 14
BRITISH DIVERS MARtNE LIFE RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIYDED 31ST MARCH 2025 2. Prior period adjustment A prior period adjustment has been made to tnclude the recognition of historical VAT liabilities and the comparative figures have been adjusted accordingly. The impact on total charity funds was a reduction of £116,9SO for the period to 31. March 2024. 3. Comparative Statement of Financial Activities Unrestricted Funds 2024 as restated Restricted Fund8 2024 as restated Total 2024 as restated INCOME Incoming resources from generated funds:. Donations and Legacies Donations Legacies Investments Interest Dividends 263,162 54,350 60,201 323J63 54J50 1,619 2,465 1,619 2,465 Other trading activities Total 393 733 453 934 EXPENDITURE Charitable activities Raising funds Fundraising costs Other 315,170 60,717 375,887 10.067 10,067 Total 374 915 435 632 Net Incoming resources before other recognized gains and losses 18.818 (516) 18,302 Net gain l (loss) on investments Net income l (expenditure) 41,622 {S16) 41,106 Transfer between funds 3,885 (3,885) Fund balances at l 91 April 2023 345 875 189 412 535 Fund balances at 3 ISI March 2024 391 185 011 576 Page 15
BRITISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EI¥DED 31ST MARCH 2025 4. Income from commercial trading operations Tursiops Trading Ltd (Reglstered Company number: 02995840) The charity's wholly o%vned trading subsidiary, Tursiops Trading Ltd, which is incorporated in England and Wales, donate all of its profits to the charity under the gift aid scheme. The company was domiant from I, April 2024 to 301h September 2024 and became active from l# October 2024. Tursiops Trading Ltd operates the commercial trading operations carried on at British Divers Marine Life Rescue. The following is an extract of th¢ financial statements of Tursiops Trading Ltd for the year-ended 3 ISI March 2025. 2025 2024 Turnover Cost of sales and administratTve expenses 18,398 Profit before tox Corporation tax 4,887 Profit after tax 4,887 Profits distributed to the charity Retained in the subsidiary The assets and liabilities of the subsidiary we. Current assets Current liabiltties 28,377 98 Net assets 98 98 Aggregate share capital reserves and 98 98 Page 16
BRITISH DIVERS MARll¥E LIFE RESCUE {LIMITED BY GUAII4NTEE) NOTES TO THE FllYANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 Resourees expended 2025 2025 Unrestrieted Restricted 2025 Total 2024 Total as resrtated Charitable Activities: Campaign costs Support costs 423,738 37,335 461,073 394,145 Total Resources expended 6. Operating Surplus The operating surplus is stated after charging:" 2025 2024 Administration expenses in¢luding:_ Depreciation Independent examination fees 48,703 39,256 7. Staff Costs 2025 2024 Wages and salaries Social security Costs Pension costs 140,036 7.526 109,083 4,986 No employees received remuneration of more than £60,000 in 2025 (2024: non¢). The number of staff to whom retirement benefits are accruing under money purchase schemes is six {2024.. four). The average number of employees during the year was five (2024: four). Page 17
BIUTISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 8. Tangible Fixed Assets Property Boats & Equipment Vehitles Fixtures & Fittings Total Cost At I st April 2024 Additions At 31st March 2025 130,829 195,882 65.881 66.201 458,793 161412 239 626 69 536 120 Depreciation At 1st April 2024 Charge for the year At 31st March 2025 15,482 162,459 35,151 37.616 250,708 183 459 45 Net Book Value At 31st March 2025 At 31 st March 2024 9. Investments 2023 2024 Market value of listed investments at 31 st March Historical cost ai 3 1st Mar¢h 10. Stock Group 2025 Group 2024 Charity 2025 Charity 2024 Stock I l. Debtors Group 2025 Group 2024 Charity 2025 Cbarity 2024 Trade debtors Prepayments Other debtors 17,579 13,957 5,500 21.513 8,630 13,957 5,500 21,513 Page 18
BRITISH DtVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 12. Creditors: amount falling due within one year Group 2025 Group 2024 as restated Cbarity 2025 Charity 2024 as restated Trade creditors Other taxes and social security Accruals and Deferred Income 17,085 147,929 48 21,174 119.749 14,978 147,929 21.174 119.749 13. Share Capital The company is limited by guarantee having no share capital and members having a liability not exceeding £10 each. 14. Re¢oncillation of Net Ineomel(Expenditure) to Nel CAshtlow from Operating Activities Group 2025 Group 2024 Charity 2025 Charity 2024 Net movement in funds Lossl(gain) on investments Depreciation charges Depreciation on fixed asset disposals Interest Received (Increase)IDecrease in stocks (Increase)/Decrease in debtors (DecreaseyIncrease in Creditors (72,667) 4,122 48,703 41,106 (22,804) 39,256 {4,552) (1,619) {1,740) (75,435) (72,667) 4,122 48,703 41,106 (22,804) 39,256 (4,552) (1,619) (1.740) (7S,435) 17 (7,160) (11,489) 68.056 (7,160) (1,337) 54,620 22 39 135 91 22 Page 19
BRITISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 15. Movejnent in funds At 1st April 2024 as restated Incorning Resources Outgoing Resources Unreali5ed gains/losses on investments At 31st March 2025 Rescue Training and Equipment and PR Comwall Seal Hospital (incl. equipment) 60,456 62,352 (26,895) 95,913 124 555 114 115 Restricted funds 185.011 62,352 (37,335) 210,028 Unrestricted funds 391 383 707 472 686 Total funds Specific donations were secured to fund equipment, vet support and the seal hospital in Cornwall. Page 20
BRITISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 16. Comparatives for Movement in funds At 1st April Incoming 2023 as Resources restated Outgoing Resources Unrealised Gain/(losses) on investments Transfers Between Funds At 31$t March 2024 as tated Rescue Training and Equipment and PR Cornwall Seal Hospital (incl. equipment) 52.420 45,951 (34,030) (3,885) 60,456 136 992 124 555 Restricted funds Unrestricted funds 345,875 393.733 (374.915) 22,804 3,885 391,382 Total funds 17. Analy$is of Net Agsets Between Funds (Group) Unrestricted Restricted Total Tangible fixed assets Investments Stock Debtors Cash at bank Other net current liabilities 79,471 290,281 44.022 40,026 28,392 157,238 236,709 290,281 44,022 40,026 81,182 52,790 Page2l
BRITISH DIVERS MARINE LIFE RESCUE (LIMITED BY GUARANTEE) NOTES TO THE FllYANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 17. Anal19 of Net Assets Between Funds continued Prior Year (as restated) Unreslrieted Restricted Total Tangible fixed assets Investments Stock Debtors Cash at bank Other net current liabilities 56,654 294.403 32,533 108,082 78,634 178924 151,431 208.085 294,403 32,533 108.082 112.214 78 924) 33.580 18. Related Party Transaclion$ International Animal Rescue. of which Alan Knight (Chairperson of BDMLR) is President, provides office space to BDMLR free of charge. and charged £4,175 for bookkeeping and accountancy costs. Tursiops Trading Ltd. the wholly owned trading subsidiary of British Divers Marine Life Rescue ("BDMLR"), is liable to BDMLR for voluntary income for Gift Aid of £4,887 for the financial year 2024-25 and an intercompany balanc¢ of £22,287 as 31" March 2025. Management of Tursiops Trading Ltd is provided by BDMLR staff free of Charge. One of the charity's trustees, Gavin Parsons, also provides IT services to the charity. These services include IT systems development and support and are provided under a fornial agreement approved by the board of trustees. During the year. the charity paid £6,000 to Gavin Parsons for these services. The trustee was not involved in any decisions relating to the procurement or approval of these payments. The trustees consider that the arrangement is in the best interests of the charity and that th¢ terms are no more favourable thaTt thosc available from an independent third party. 19. Trustees remuneration and expenses No remuneration or expenses were paid by the Charity to any trustee during this year or the previous year. Page 22
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF BRITISH DIVERS tARINE LIFE RESCUE (LIMITED BY GUAII4NTEE) I report on the financial staternents of the charity for the year ended 31 st March 2025, which are set out on pages 8 to 22. Responsibilities and basis of report As the charity's trustees of the company (and also its director5 for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfied rnyself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the '2011 Act,). In canying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlner's report Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. l Can confirm that I am qualified to undertake the examination because l am a registered member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies. I have completed my examination. I confirni that no matters have com¢ to my attention in connection with the examination giving me cause to believe: (i) accounting records were not kept in respect of the company as required by section 3 86 of the 2006 (2) the accounts do not accord with those accounting records; or <3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination: or (4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities applicabl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be d wn in this report in order to enabl¢ a proper understanding of the accounts to be reached. VMR Anderson BA (Hons) FCA DChA Carpenter Box 2 St Andrews Place Lewes East SU$X BN7 IUP Date: 11li LKLOL Page 23