As a registered charity (non profit organisation) we are dependent on many sources of funding to enable us to continue our vital work. We are very grateful to the many organisations and individuals that make this possible.
Where our money comes from
From 1 April 2013 to 31 March 2014, our total income was £14.4 million (about $22.9m US). Our income breaks down as follows:
Where the money goes
From 1 April 2013 to 31 March 2014, our total expenditure was £12.8 million (about $20.3m US). Our outgoings break down as follows:
To help us encourage a sustainable seafood industry, support fisheries that are well managed and deliver improvements in marine conservation worldwide please support the MSC.
The MSC is a registered charity and its Board recognises it as generally good practice to hold reserves as a protection against any financial difficulties in the future. While income generated from logo licensing is diversified across many certified fisheries, MSC certification can be lost or withdrawn at any time thus impacting income and potentially leading to a call upon reserves. A reserves target of 9 months’ cover is considered to be necessary, at least as an aspiration, given the MSC’s lack of membership and uncertainty of its various income streams. The MSC ended the last financial year with unrestricted net current asset reserves worth approximately 10 months of the 2013/14 committed expenditure budget.
The MSC is an international, independent, non-profit organisation:
- UK: Registered charity 1066806
- USA: Non-profit status 501(c)(3)
- Australia: ABN 69 517 984 605
- Netherlands: geregistreerde Algemeen Nut Bevorderende Instelling (ANBI)