SEA LIFE TRUST LIMITED
Financial health, per its FY2022 accounts
The accounts state that unrestricted reserves totalled £5,443,515, which the Trustees consider an appropriate level relative to their policy target of covering notice periods, staff salaries, and outstanding donation commitments. The charity reported a net deficit for the year, with total income of £3,605,486 against total expenditure of £4,040,439, resulting in a decrease in total funds from £5,769,667 to £5,501,894.
What the accounts disclose
“The Trustees target having reserves at a level to be sufficient to cover the notice period and salaries of any staff directly employed by the Trust plus any outstanding donation commitments made.”
“Merlin Entertainments Group was reimbursed for the salary costs of the employees of the SEA LIFE TRUST for 2022 totalling F104, 975 (2021: 883, 921).”
“Merlin continues to provide office facilities, including telecommunications and accommodation, at no cost to the Charity but as a donated service estimated at E9,472 for 2022 (2021: E9, 267).”
“Merlin Entertainments Group was reimbursed for the salary costs of the employees of the SEA LIFE TRUST for 2022 totalling F104, 975 (2021: 883, 921).”
“Merlin continues to provide office facilities, including telecommunications and accommodation, at no cost to the Charity but as a donated service estimated at E9,472 for 2022 (2021: E9, 267).”
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (02/01/2019)
Trustees
- Andy Turner
- Asha Amster
- Carrie Robinson
- Chloe Elizabeth Couchman
- JAMES BURLEIGH
- Matthew Jowett
- Richard Beighton
- Robert Hicks
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £6.8m | £4.8m |
| 31/12/2023 | £4.1m | £4.1m |
| 31/12/2022 | £3.6m | £4.0m |
| 31/12/2021 | £4.0m | £3.5m |
| 31/12/2020 | £2.5m | £3.3m |
Common questions
Is SEA LIFE TRUST LIMITED financially healthy?
The accounts state that unrestricted reserves totalled £5,443,515, which the Trustees consider an appropriate level relative to their policy target of covering notice periods, staff salaries, and outstanding donation commitments. The charity reported a net deficit for the year, with total income of £3,605,486 against total expenditure of £4,040,439, resulting in a decrease in total funds from £5,769,667 to £5,501,894. Its FY2022 accounts were audited by Mazars LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BRAMPTON CHARITABLE TRUST | 2 | £11k |
| R G HILLS CHARITABLE TRUST | 2 | £2k |
| The Brindle Foundation | 1 | £275k |
| THE DIXON FOUNDATION | 1 | £65k |
| WHEELER MILL FOUNDATION | 1 | £59k |
| Tinsley Charitable Trust | 1 | £50k |
| THE DULVERTON TRUST | 1 | £50k |
| THE HDH WILLS 1965 CHARITABLE TRUST | 1 | £50k |