| A | B | C | D | E | F | G | H | I | |
|---|---|---|---|---|---|---|---|---|---|
1 | Additional context on how to interpret this spreadsheet can be found in the Room For More Funding section of Methods and Limitations 2023 | ||||||||
2 | Overall Financials (2020-2025) in USD | Blue = info from charity | Yellow = calculated field | Purple = ACE manual entry/assessment | |||||
3 | Historical | Projected | |||||||
4 | 2020 | 2021 | 2022 | Jan-May 2023 | 2023 | 2024 | 2025 | Context | |
5 | Revenue | ||||||||
6 | Total Revenue | $0 | $101,858 | $390,902 | $235,833 | $462,663 | $1,015,598 | $1,172,370 | |
7 | Revenue from donations | $0 | $101,858 | $390,902 | $235,833 | $462,663 | $1,015,598 | $1,172,370 | We are somewhat confident that we will be able to fundraise 100% of our 2024 staff costs and approximately 30-50% of the costs of the 12 stunners for 2024 from our traditional supporters (OP and EAAWF). We are less certain about the remaining funds required for our stunner programme as well as our ability to fundraise for 2025. |
8 | Revenue from own work (earned income) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | The numbers we put in “Projected Revenue” are what we aim to fundraise to fulfill our main programme goals (12 stunners in 2024 + 18 in 2025) and would rely on a few very large donations from a few small donors (i.e. we have a high concentration risk). Our funding has typically come from Open Philanthropy, EA Animal Welfare Funds and to some extent ACE. So far, we have received positive feedback from OP and EAAWF that we will almost certainly be able to fundraise for our general budget and (with a lower degree of confidence) a non-negligible proportion of our “Program Budget for Stunners”. In that sense, we feel that our 2024/2025 Budget for Stunners would be more accurately thought of as a Funding Gap / RFMF which we are actively trying to fill. |
9 | Revenue from capital investments (investment income) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
10 | Revenue (other) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
11 | Expenditures | ||||||||
12 | Total Expenditure | $0 | $26,832 | $166,217 | $261,337 | $652,452 | $914,728 | $1,172,370 | Increase in staff costs: we hired an animal welfare specialist and an operations lead from North America whereas we initially expected to hire them from countries with lower salary levels. We expect to hire a Head of Programmes before year-end 2023. During 2024, we have the full effect of these hires, in addition to a modest salary increase assumption We expect to buy and place 3-4 more electrical stunners in 2023, 12 stunners in 2024 and 18 in 2025 at a cost of $65000 each. This is in addition to our staff costs. |
13 | Accounting Method | ||||||||
14 | Accounting method used | Other | Cash | Cash | Cash | Cash | #N/A | #N/A | We didn't exist in 2020 |
15 | Reserves | ||||||||
16 | Reserves held | #N/A | #N/A | #N/A | #N/A | #N/A | #N/A | #N/A | We aim to have minimum 6 months of runway at any given point |
17 | Net Assets | #N/A | #N/A | #N/A | $274,576 | #N/A | #N/A | #N/A | |
18 | Financial Assets (i.e., cash, savings, investments, etc.) | #N/A | #N/A | #N/A | $299,576 | #N/A | #N/A | #N/A | |
19 | Liabilities | #N/A | #N/A | #N/A | $25,000 | #N/A | #N/A | #N/A | €25,000 for the 50% of one stunner which we have not paid. We have 2 more stunners for which we have a signed agreement although we have not yet started paying for them and could (in theory) get out of the agreement. We would strongly prefer to fundraise specifically for this purpose instead of pulling out on our obligations under the agreement. Other than that, it is just the running cost of paying the staff but no fixed liability. |
20 | Interventions | ||||||||
21 | Corporate outreach for welfare improvements | $0 | $9,369 | $58,036 | #N/A | $360,539 | $450,430 | $605,911 | We signed our first Corporate Outreach deal with MER in January 2023, which became our first Program separate to staff costs. We signed some more MoUs in 2023, and expect this to be a significant intervention in 2024/2025, with the aim to deploy ~7.2 stunners in 2024, and ~10.8 stunners in 2025, which would represent the majority of our costs at SWP |
22 | Producer outreach | $0 | $5,205 | $32,242 | #N/A | $66,231 | $86,092 | $90,397 | Our Producer Work may increase over the next couple of years due to the introduction of our Sustainable Shrimp Farmers of India program. |
23 | Research | $0 | $5,205 | $32,242 | #N/A | $66,231 | $86,092 | $90,397 | In 2023 we hired a new Research Lead with a very strong and specific skillset. However she is based in the US, which increased our research spending significantly. |
24 | Raising Issue Salience (Skill- and Networking Building) | $0 | $1,041 | $6,448 | #N/A | $13,246 | $17,218 | $18,079 | We expect this to remain pretty constant, and is a combination of staff time |
25 | Animal Groups | ||||||||
26 | Farmed aquatic invertebrates | $0 | $20,820 | $128,970 | #N/A | $506,246 | $639,834 | $804,784 | |
27 | Countries | ||||||||
28 | India | $0 | $2,082 | $24,149 | #N/A | $20,342 | $22,231 | $23,343 | We launched the Sustainable Shrimp Farmers of India in 2023, and expect it to be an ongoing initiative of ours, so our staff (and costs) in India grew from 1 to 3. We may invest in some technology to loan to farmers in future as part of SSFI (such as seed counters, or water quality probes, but are currently assessing the cost-effectiveness of such investments) |
29 | Vietnam (SE Asia) | $0 | $2,082 | $7,013 | #N/A | $11,672 | $14,657 | $15,390 | Some of the stunners we deploy may be in SouthEast Asia (Vietnam / Thailand / Indonesia / The Philippines), which would reflect the increased projections going forward. |
30 | United Kingdom | $0 | $5,595 | $27,808 | #N/A | $44,997 | $78,000 | $81,900 | The United Kingdom is currently the country where our Corporate Outreach work that focuses on retailers operates. We try to cast a wide net for retailers, but so far have had very little engagement worldwide, but strong engagement with the UK. |
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