Charity registration number SC050126 (Scotland)
SEAWILDING
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
SEAWILDING
LEGAL AND ADMINISTRATIVE INFORMATION
7 _ Charity registration Scotland $C050126 Registered Office Achanarnich, Craignish, Argyll
SEAWILDING
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1-4 |
| Independent examiner's report | 5 |
| Statement offinancial activities | 6 |
| Balance sheet | 7 |
| Notestothefinancialstatements | 8-15 |
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SEAWILDING
TRUSTEES’ REPORT
FOR THE YEAR ENDED 30 APRIL 2025
The trustees present their annual report and financial statements for the year ended 30 April 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Objectives and activities
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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SEAWILDING TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
Achievements and performance
Significant activities and achievements against objectives
2024 has been another busy year for Seawilding and our seagrass and native oyster projects. There have been many challenges along the way, and we've learned to be flexible and adaptable, bending to the pressures and unpredictability of the marine environment and the species which we are trying to restore. One thing is for certain — while we are proving that success is possible — never has there been such need for marine habitat restoration at sea, as well as for governments and agencies to step up to meet their own commitments to address biodiversity loss.
Seagrass.
In the Spring of 2024, it became clear that our previous seagrass restoration efforts which saw seed and seagrass plants (rhizomes) being planted in the lagoonal area of Loch Craignish had experienced high failure rates, results which were mirrored by other restoration projects around the UK. Working with the Scottish Association for Marine Sciences (SAMS) Seawilding has been researching the cause of this. It appears the muddy lagoonal restoration sites in Loch Craignish are anoxic with high levels of sulfides which can be toxic to seagrass. These results determined a change in direction and since the Spring 2024, seagrass has been planted only in well-oxygenated sediments.
Between May — July 2024, and with the help of over 40 volunteers we harvested, processed and replanted over 8,000 seagrass plants (rhizomes) in Loch Craignish over an area measuring approximately 0.12 of an acre. Informed by the above science, we focused on a single area, Dun Mhuilig Bay, adjacent to an existing seagrass meadow, where the seabed has positive oxygen levels. The seagrass was planted in bundles of 10 per m2.
In September, we surveyed the restoration area again, and excitingly, the translocated plants were healthy, growing and showing a steep increase in the number of seagrass shoots and rhizomes spreading along the seabed with interconnection happening already. The rhizomes planted in May 2024, have shown the most growth, with up to a three-fold increase in the number of shoots per bundle and up to a five-fold increase in the area of seabed covered.
It's still too early to say whether this planting success represents a break-through — we need to get through the winter season and survey again in the spring — but nonetheless these are the most exciting results to be seen in the short history of the Loch Craignish seagrass project so far. In August 2024, the team harvested 200,000 seeds from the donor meadow in Dun Mhuilig Bay over a three week period and Seawilding hosted two weekend volunteer sessions when we were assisted by 32 snorkel volunteers. Seawilding is partnering with the Dutch marine construction company Van Oord to trial “sand-capping” by which 1000m2 of the lagoon will be covered in sand in 2024/25 to help mitigate the detrimental effects of anoxia to try to improve seagrass seed germination rates. One hundred thousand seeds will be mixed into the sand and planted in the Spring 2025. In summary, over the last four years, we have learned much about the seagrass in Loch Craignish and, as a result of trial and error and the ongoing science, refined our methodologies accordingly. As we go forward, science will remain critical, and our engagement with the Scottish Association for Marine Sciences will continue. All research outcomes are shared with our collaborative partners around the UK.
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SEAWILDING TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
Oysters
It’s been a frustrating year for our native oyster restoration efforts due to a lack of supply of new stock from the two UK hatcheries. Native oysters are notoriously difficult to breed and until supply issues can be resolved, all UK native oyster restoration projects hang in the balance. Normally we would take in approx. 200,000 native oysters a year at a juvenile size to on grow in our nursery, with another 100,000 going to Loch Broom but this year across both sites we've secured only 30,000, just 10% of what we need.
Our ambition is still to restore 1 million native oysters to Loch Craignish to boost ecosystem health, and since 2020 we have put down approx. 350,000. Owing to predation by crabs and starfish and high natural mortality, approx. 20,000 (around 8%) of these survive on the seabed and most are now of a mature, breeding age. Excitingly, we are now seeing clear signs of recruitment - juvenile oysters attached to shell - appearing in significant numbers.
With the lack of native oysters available from the hatcheries, in 2024, our focus has been to capture the wild spat to on-grow in our nursery cages where it’s afforded protection from predators. In June, guided by hydro-dynamic modelling, we suspended 150 cages filled with lime covered mussel and scallop shell around Loch Craignish. Adult oysters were added to each cage as they release chemical cues to encourage larvae to settle. These spat collectors were monitored and kept clean of sea-squirts throughout the summer and in the Spring 2025, if newly-recruited oysters are present, they'll be stripped off and placed in the nursery. Meanwhile, the team is exploring options for establishing a low-tech hatchery in Argyll to address the lack of native oyster supply.
Seawilding, Wester Ross
Other activities
It's been another busy year with Seawilding hosting 130 volunteers, many from the local community, in the summer months. These have taken part in seagrass processing, harvesting, and native oyster surveying. Additionally, Seawilding hosted three work-interns for a month to assist with our seagrass harvest and oyster spat-collector deployment and trained community volunteers to become advanced snorkel divers. Our 29-member youth group, Seawilders, enjoyed scores of activity days and our school's programme, delivered by Heart of Argyll Wildlife, continues to deliver hands-on citizen-science classes to nine primary schools at the Ardfern Yacht Centre. Meanwhile our application, in association with the community voluntary association CROMACH (Craignish Restoration of Marine and Coastal Habitats) for Demonstration and Research Marine Protected Area status for Loch Craignish has been submitted to the Scottish Government. This will go to public consultation in 2025 (we hope). In addition, Seawilding’s pioneering activities continue to get plenty of media coverage.
Financial review
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
The charity is a Scottish Charitable Incorporated Organisation, its purposes and administration arrangements are set out in its Constitution dates 1st May 2020.
- | served during the yearand up to thedate of signature of the financial statements were:
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SEAWILDING
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
The trustees’ report was approved by the Board of Trustees.
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SEAWILDING
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SEAWILDING
| report on the financial statements of the charity for the year ended 30 April 2025, which are set out on pages 6 to 17.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the financial statements in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the audit requirement of Regulation 10(1)(a)-(c) of the Charities Accounts (Scotland) Regulations 2006 does not apply.
It is my responsibility to examine the financial statements as required under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the financial statements.
Independent examiner's statement
In the course of my examination, no matter has come to my attention
- which gives me reasonable cause to believe that in any material respect the requirements: + to keep accounting records in accordance with Section 44(1)({a) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006, and - to prepare financial statements which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
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SEAWILDING
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2025
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | ||
| Notes | £ | £ | £ | £ | £ | £ | |
| Income from: | |||||||
| Donations and legacies | 2 | 27,007 | 465,243 | 492,250 | 60,038 | 409,654 | 469,692 |
| Charitable activities | 3 | 4,484 | - | 4,484 | 11,796 | - | 11,796 |
| Othertrading activities | 4 | - | - | - | 350 | 14,432 | 14,782 |
| Investments | 5 | 1,283 | - | 1,283 | 823 | - | 823 |
| Total income | 32,774 | 465,243 | 498,017 | 73,007 | 424,086 | 497,093 | |
| Expenditure on: | |||||||
| Charitable activities | 6 | 29,777 | 371,046 | 400,823 | 40,567 | 357,698 | 398,265 |
| Total expenditure | 29,777 | 371,046 | 400,823 | 40,567 | 357,698 | 398,265 | |
| Netincome | 2,997 | 94,197 | 97,194 | 32,440 | 66,388 | 98,828 | |
| Transfers between | |||||||
| funds | - | - | - | (7,214) | 7,214 | - | |
| Net movement in | |||||||
| funds | 7 | 2,997 | 94,197 | 97,194 | 25,226 | 73,602 | 98,828 |
| Reconciliation offunds: | |||||||
| Fund balances at 1 May2024 | 2024 | 122,367 | 405,366 | 527,733 | 97,141 | 331,764 | 428,905 |
| Fund balances at 30 April | |||||||
| 2025 | 125,364 | 499,563 | 624,927 | 122,367 | 405,366 | 527,733 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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SEAWILDING
BALANCE SHEET
AS AT 30 APRIL 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 11 | 133,411 | 150,767 | ||
| Current assets | |||||
| Cash at bank and in hand | 645,713 | 566 946 | |||
| Creditors: amounts falling due within | 12 | ||||
| one year | (154,197) | (189,980) | |||
| Net current assets | 491,516 | 376,966 | |||
| Total assets less current liabilities | 624,927 | 527,733 | |||
| The funds ofthe charity | |||||
| Restricted income funds | 13 | 499 563 | 405,366 | ||
| Unrestricted funds | 14 | 125,364 | 122 367 | ||
| 624,927 | 527,733 |
The financial statements were- by the trustees on 19January2026
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SEAWILDING NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
- 1 Accounting policies
Charity information
Seawilding is a Scottish Charitable Incorporated Organisation (SCIO) no SC050126
- 1.1 Basis of preparation
The financial statements have been prepared in accordance with the charity's governing document, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, {modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2. Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
- 1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
- 1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified 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. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
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SEAWILDING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
1 Accounting policies
(Continued)
-
1.6 Tangible fixed assets
-
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
- 1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
- 1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
- 1.9 Taxation
The charity is exempt from tax on all its charitable activities.
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SEAWILDING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
2 Income from donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | |||
| £ | £ | £ | £ | £ | £ | |||
| Donations | and | gifts | 27,007 | - | 27,007 | 60,038 | 6,130 | 66,168 |
| Grants | - | 465,243 | 465,243 | - | 403,524 | 403,524 | ||
| 27,007 | 465,243 | 492,250 | 60,038 | 409,654 | 469,692 |
3 Income from charitable activities
| Unrestricted | Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2025 | 2024 | |||||
| £ | £ | |||||
| Sale ofgoods | - | 650 | ||||
| Services provided under contract | 4,484 | 11,146 | ||||
| 4,484 | 11,796 | |||||
| Income from othertrading activities | ||||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| funds | funds | funds | funds | |||
| 2025 | 2025 | 2025 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| Fundraisingevents | - | - | - | 350 | 14,432 | 14,782 |
4 Income from other trading activities
- 5 Income from investments
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Interest | receivable | 1,283 | 823 |
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SEAWILDING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
6 Expenditure on charitable activities
==> picture [465 x 435] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Heading|Heading|
|#ac982|#ac982|
|2025|2024|
|£|E|
|Direct|costs|
|Staff|costs|240,562|276,857|
|Depreciation|and|impairment|34,721|26,453|
|Native|Oyster|Nursery|9,773|4,200|
|Native|Oyster|Stock|1,622|1,462|
|Schools|Programme|2,136|95|
|Insurance|8,416|5,736|
|Equipment|Servicing|3,346|3173|
|Services|79,087|53,358|
|Travel|6,809|6,131|
|Advertising|1,083|732|
|Sundries|567|393|
|Consumables|3,276|4,098|
|Administration|5,526|9,300|
|Training|3,755|6,205|
|Bank|Charges|144|72|
|400,823|398,265|
|Analysis|by fund|
|Unrestricted|funds|29,777|40,567|
|Restricted|funds|371,046|357,698|
|400,823|398,265|
|7|Net movement|in|funds|2025|2024|
|£|£|
|The|net|movement|in|funds|is|stated|after|charging/(crediting):|
|Fees|payable|for|the|independent|examination|of the|charity's|financial|
|statements|-|.|
|Depreciation|of owned|tangible|fixed|assets|34,721|26,453|
----- End of picture text -----
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year, nor for the year ended 30th April 2024.
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SEAWILDING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
9 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Core Workers | 5 | 5 |
| Administration | 1 | 1 |
| Total | 6 | 6 |
| Employment costs | 2025 | 2024 |
| £ | £ | |
| Wagesandsalaries | 240,562 | 276,857 |
There were no employees whose annual remuneration was more than £60,000.
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11.‘ Tangible fixed assets
| 11.‘ | Tangible fixed assets | ||
|---|---|---|---|
| Plant and | |||
| equipment | |||
| £ | |||
| Cost | |||
| At 1 May2024 Additions |
214,105 17,365 |
||
| At30April 2025 | 231,470 | ||
| Depreciation and impairment | |||
| At 1 May2024 | 63,338 | ||
| Depreciation charged in the year | 34,721 | ||
| At 30April 2025 | 98,059 | ||
| Carrying amount | |||
| At30April 2025 | 133,411 | ||
| At 30April 2024 | 150,767 | ||
| 12 | Creditors: amounts falling due within oneyear | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Paymentsreceivedonaccount | 154,197 | 189,980 |
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SEAWILDING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
13 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At | 1 May 2024 | Incoming | Resources | Transfers | At 30April | |
|---|---|---|---|---|---|---|
| resources | expended | 2025 | ||||
| £ | £ | £ | £ | £ | ||
| Seagrass Project | 136,823 | 34,490 | (58,694) | - | 112,619 | |
| Oyster Restoration | 35,878 | 25,000 | (5,574) | ~ | 55,304 | |
| Wester Ross Project | 115,691 | 8,258 | (16,277) | - | 107,672 | |
| Schools & Interns | 10,650 | 19,033 | (20,650) | - | 9,033 | |
| Salaries | 106,324 | 356,062 | (249,851) | - | 212,535 | |
| Other Projects | - | 22,400 | (20,000) | - | 2,400 | |
| 405,366 | 465,243 | (371,046) | - | 499,563 | ||
| Previous year: | At 1 May 2023 | Incoming resources |
Resources expended |
Transfers | At30April 2024 |
|
| £ | = | £ | £ | £ | ||
| Seagrass Project | 106,697 | 192,298 | (169,386) | 7,214 | 136,823 | |
| Oyster Restoration | 26,711 | 53,150 | (32,406) | (11,577) | 35,878 | |
| WesterRoss Project | 55,572 | 106,489 | (46,370) | - | 115,691 | |
| Schools & Interns | 13,692 | 31,750 | (46,369) | 11,577 | 10,650 | |
| Salaries | 129,092 | 40,399 | (63,167) | - | 106,324 | |
| 331,764 | 424,086 | (357,698) | 7,214 | 405,366 |
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 May 2024 | Incoming | Resources | Transfers | At 30 April | |
|---|---|---|---|---|---|
| resources | expended | 2025 | |||
| £ | £ | £ | £ | £ | |
| General Fund | 122,367 | 32,774 | (29,777) | . | 125,364 |
| Previous year: | At 1 May 2023 | Incoming resources |
Resources expended |
Transfers | At30April 2024 |
| £ | £ | £ | £ | £ | |
| General Fund | 97,141 | 73,007 | (38,847) | (7,214) | 124,087 |
| General funds | - | - | (1,720) | - | (1,720) |
| 97,141 | 73,007 | (40,567) | (7,214) | 122,367 |
— —— ————
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SEAWILDING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
15 Analysis of net assets between funds
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | ||
| 2025 | 2025 | 2025 | |
| £ | £ | £ | |
| At 30 April 2025: | |||
| Tangible assets | 10,833 | 122,578 | 133,411 |
| Current assets/(liabilities) | 114,531 | 376,985 | 491,516 |
| 125,364 | 499,563 | 624,927 | |
| Unrestricted | Restricted | Total | |
| funds | funds | ||
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| At 30 April 2024: | |||
| Tangible assets | 12,594 | 138,173 | 150,767 |
| Current assets/(liabilities) | 109,773 | 267,193 | 376,966 |
| 122,367 | 405,366 | 527,733 |
16 Related party transactions
During the year the charity paid £1710 for rent for facilities to Caroline Younger (2024 £4,810). Caroline Younger is a trustee of the charity,
Caroline Younger is also a trustee of one of the funders of the charity, The Craignish Trust.
17 Unrestricted Funds
Pears Foundation — though unrestricted this fund is for seagrass and oyster restoration aayesian Shift — though thoughunrestricted unrestrictedthisthisfund fundis foris for seagrass seagrassand andoyster oysterrestoration restoration Steppes Travel — though unrestricted this fund is for seagrass and oyster restoration Clothworkers Foundation — though unrestricted this fund is for seagrass and oyster restoration
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SEAWILDING
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
18 Purpose of restricted funds
Halleria Trust
This fund is for equipment and to train local Seawilding staff and volunteers in coastal biodiversity surveying and baseline sampling in Wester Ross.
John Ellerman Foundation This fund will pay an administrator salary for 3 years Monkey Puzzle This fund is for Seawilding Youth Group Native Oyster Restoration Fund
This fund is for native oyster restoration, grant payable over 5 years Patagonia Fund This fund is for the Intern Programme Scottish Water This fund is for the creation of a baseline of nutrient levels in Loch Craignish and Wester Ross Rebel Restoration Fund This fund is for Seawildings Intern programme True Travel/Whetherbys Bank This fund is for dive training for some members of the Seawilding Team HOAW/Schools programme This fund is for the school's programme which focuses on oysters and biodiversity and is led by Seawilding partner, Heart of Argyll Wildlife.
John Swire Trust This fund is for oyster restoration in Wester Ross National Lottery Heritage Fund This fund is for oyster restoration in Loch Craignish, payable over 5 years. British Airways: This fund is for native oyster restoration in Wester Ross Crown Estate This fund is for the installation of an eco mooring, community training and sediment sampling in Loch Craignish Hewlett Packard: This fund is for seagrass restoration in Loch Craignish Rebel Restoration Interns Fund: This fund is for Seawilding's internship programme in Loch Craignish Rebel Restoration Nursery Fund: This fund is for Seawilding's seagrass nursery in Loch Craignish Rebel Restoration Rhizomes Fund: This fund is for trailing seagrass rhizome transplantation in Loch Craignish Ullapool Harbour: This fund is for children's life jackets in Wester Ross Craignish Trust D&R MPA This fund is to pay fora D&R MPA Officer and expenses Crown Estate Interns & School's Programme This fund is to pay for Heart of Argyll's school programme and Seawilding's internship programme in 2025 Go Ocean This fund is restricted to seagrass restoration activities Rebel Restoration Oysters 2025 This fund is for native oyster restoration activities Rebel Restoration seagrass 2025 This fund is for seagrass restoration activities Rewilding Britain Interns This fund is for Seawilding's internship programme in 2024 Tesco This fund is to fund transport of school outreach activities in Wester Ross William Grant RHS Chelsea This fund contributed to Seawilding RHS Chelsea Garden costs True Travel This fund is for salaries Esmee Fairbairn Foundation This fund is for salaries over a 3 year period John Swire Trust This fund is for salaries over a 3 year period. William Grant: This fund is for oyster restoration in Wester Ross, paid over 3 years.
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