MALDIVES WHALE SHARK RESEARCH PROGRAMME LIMITED
Objectives are to promote for the benefit of the public the conservation, protection and improvement of the physical and natural environment of whale shark and marine biological diversity by: (a) promoting and carrying out for the public benefit research and publishing or otherwise disseminating the useful results of such research: (b) raising awareness and understanding of marine conservation.
Financial health, per its FY2024 accounts
The charity reported a net expenditure of £11,173 for the year, reducing its unrestricted reserves from £12,462 to £1,289. The trustees state that the ideal reserve level is £10,000, representing six months of running costs, meaning current reserves are significantly below this policy target. The organization relies on donations and grants to fund its operations and has acknowledged challenges in achieving consistent monitoring and addressing vessel strike injuries.
What the accounts disclose
“At 30 November 2024, the charitable company had free reserves of £1289. The trustee/directors consider that the ideal value for free reserves is around £10,000, which represents six months of running costs and it is the aim of MWSRP to maintain at least this reserve.” — page 7
“Maldives Whale Shark Research Programme Trading Ltd Registered office: Nature of business: Dormant % Class of share: holding Ordinary £1 100”
Trustees
- RICHARD GERAINT REESchair
- MORGAN RILEY BSC. MPHIL
- RHODRI LLOYD-WILLIAMS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £250k | £261k |
| 30/11/2023 | £260k | £264k |
| 30/11/2022 | £212k | £199k |
| 30/11/2021 | £107k | £104k |
| 30/11/2020 | £94k | £98k |
Common questions
Is MALDIVES WHALE SHARK RESEARCH PROGRAMME LIMITED financially healthy?
Per its FY2024 accounts: The charity reported a net expenditure of £11,173 for the year, reducing its unrestricted reserves from £12,462 to £1,289. The trustees state that the ideal reserve level is £10,000, representing six months of running costs, meaning current reserves are significantly below this policy target. The organization relies on donations and grants to fund its operations and has acknowledged challenges in achieving consistent monitoring and addressing vessel strike injuries. Its FY2024 accounts were independently examined.