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2024-03-31-accounts

Annual Report and Financial Statements

1 April 2023 to 31 March 2024

An overview of who we are

BCT has championed bats for 30 years and the places they need to survive.

Our vital stats: We spend just 10p on fundraising per £1 raised

Around 217,000 online supporters across different platforms

Our purpose

Vision: A world rich in wildlife where bats and people thrive together.

Mission: To conserve bats for present and future generations. Through education, collaborative action and scientific research, we inspire individuals and organisations to value and speak out for bats.

Values: Inspiration, collaboration, evidence-based.

The charity's main activities and the people and wildlife we strive to help are described below. All our charitable activities focus on conserving bats for present and future generations and are undertaken to further Bat Conservation Trust’s charitable purposes for the public benefit.

We work to

Discover: To ensure scientific evidence is in place to support bat conservation.

Inspire: To win the levels of support required to secure and enhance bat populations.

Strengthen: To enable BCT to achieve financial stability and sustainable staff workloads; to ensure staff and volunteers are motivated and well led.

Company number: 02712823 – Charity number: 1012361 – OSCR number: SC040116

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Contents

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|||| |---|---|---| |The President's Message|.....................................................|4| |Review by the Chair and Chief Executive|......................|5| |Science, research and advances| |in woodland monitoring|........................................................|6| |Using AI to upscale bat surveys.................................|7| |eDNA: The sky is not the limit.....................................|7| |New way to measure past bat| |population declines...........................................................|7| |Bats and health 2023-24 ...............................................|8| |National Bat Monitoring Programme.......................|8| |Advances in woodland monitoring ...........................|9| |Projects and partnerships:| |Bringing people together|...................................................|11| |Bats in Churches’ amazing legacy .........................|12| |Natur am Byth! Celebrating Welsh| |culture and nature..........................................................|12| |Hope for the future in Welsh rainforests .............|13| |New project connects farmers,| |communities and landscapes ..................................|14|

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|||| |---|---|---| |BCT in Scotland...............................................................|14| |NightWatch brings a new approach to surveys...|14| |New industry lighting guidance|...............................|16| |First eLearning module launched ...........................|16| |Roost Partnership scheme:| |Making roofs fit for bats .............................................|17| |Vistry Group Partnership ............................................|17| |Inspiring people|.....................................................................|18| |Equity, diversity and inclusion..................................|19| |National Bat Helpline....................................................|19| |Membership and engagement .................................|20| |Social media, media and communications ........|20| |Policy and advocacy|.....................................................|20| |Bat groups|.........................................................................|22| |Awards given and received 2023-24 .....................|23| |Thank you|.................................................................................|24| |Structure, Governance & Management|.......................|26| |Administrative information........................................|26|

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A barbastelle bat. In the Science, research and advances in woodland monitoring section you’ll read about our groundbreaking genetic research which provides evidence for the historic decline of barbastelle bat populations.

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Message from the President

Welcome to 2023-24’s annual report for the Bat Conservation Trust (BCT), where we update you on what we’ve achieved with your support over the last year. Because the chances are, if you’re reading this you’ve given BCT your money or your time, or both. Maybe you’re a volunteer, a BCT member, part of a bat group, a funder or a project partner. Whatever it is, you’ve joined an increasing number of people who ‘do their bit’. You might call it activism, or you might call it commonsense – it doesn’t much matter. We’re glad you’re here and I look forward to meeting some of you at the National Bat Conference in 2024.

In last year’s annual report, we announced a new role at BCT to help us navigate the ever-changing policy landscape in the UK. Giving bats a ‘voice’ in politics isn’t win-lose for people though – time and time again we’ve seen that policy that helps bats thrive, helps other wildlife and people too. It’s time our natural heritage is a priority for politicians

because our economy, health and wellbeing all depend on it. And that’s why I invited BCT and many other organisations to join me for Restore Nature Now in September 2023. This was a peaceful rally, made up of more than 40 different organisations and their members, united with a clear message to all politician parties to act on behalf of nature.

It was evidence like that in the State of Nature Report 2023 (SON) – which shows there’s been no let-up in the decline of our wildlife – which makes that message so urgent. SON also highlighted that the way we manage our land for agriculture has a huge impact on our wildlife. Recognising agriculture’s importance, BCT created a second new role in 2023. Working with our policy team, our Agriculture Officer will inform our policy work. But they’re also part of our agricultural conservation projects, such as farmland bat surveying and our work with Scottish crofters. And they’ll be involved in an ambitious new project which will work with farmers and their local communities to make a food landscape fit for bats.

Of course, as we expand our reach into policy and agriculture, BCT remains committed to conservation policy, practice and guidance based on robust scientific evidence base. In 2023, groundbreaking research we conducted with the University of Exeter, showed that barbastelle populations have dropped by 99% over several hundred years. Using a pioneering genetic study, this research showed what we’ve long had anecdotal evidence for: the massive historic decline of UK bat populations. Fascinating for the history buffs, these declines began during the UK’s colonial era, when huge tracts of forest were felled for boatmaking. These results are important on their own, but this technique is a game changer for bat conservation.

Scientific and technological advances are also helping us remove barriers for people to get involved in bat conservation. New affordable bat detectors now make it possible to collect large volumes of data across much wider areas, including priority habitats like woodlands. And the data can be analysed by AI algorithms incredibly quickly – data that would take 150 years to analyse by a single human can be processed in a week. This groundbreaking combination of speed and low cost allows a wider range of people to get involved in monitoring bats. BCT surveys like NightWatch make great use of this new technology, and I’m delighted it has funding for another year. More people involved in conservation is surely a good thing, not least because access to nature is so good for people. But it also brings a diversity of thought, skills and experience to conservation, another win-win.

So, whatever your role is in supporting BCT, I hope this letter gives you a flavour of the amazing work BCT has done over the last year. It really is time to pat yourself on the back: you’re part of one of the only consistently successful conservation stories in the UK.

Chris Packham CBE, President, Bat Conservation Trust

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Review by the Chair and Chief Executive

Our vision is a world where bats and people thrive together – and the importance of people is a theme that runs through this annual report, as we look back on highlights from 2023/24 and forward to priorities for the coming years. This annual report covers the last year of our current strategy and in 2024/25 we’ll introduce our new 10-year strategy. Whilst the new strategy will strengthen our work in key areas, it’s vision remains the same.

Policy and advocacy have continued to be crucial in the past year, and because of two new roles (Species Advocacy and Policy Officer and Agriculture Officer) we have significantly increased our work in this area, including consultations, letters, campaigns and engagement activities.

Unfortunately, last year saw the Retained EU Law Bill became an Act of Parliament – despite campaigning by many NGOs and their supporters (BCT supporters alone contacted more than 100 MPs). Thanks to everyone’s efforts the Act is not as immediately detrimental as the original Bill; however, it has made it easier for governments to weaken or remove legal protection of species, habitats and the environment, with limited consultation and without appropriate parliamentary scrutiny. We continue to work with other organisations to monitor any changes caused by this new legislation.

Retained protection for bats is one of the five key asks in A Bat Conservation Manifesto which we have developed over the last few months. Other asks include the requirement to make all new developments species-friendly and ensure that climate change mitigation is deployed in harmony with nature. We have sent our manifesto to all political parties and will be asking our members and supporters to encourage politicians to commit to these important policies.

Another ask in the manifesto is for governments to support long-term nature-friendly farming through agricultural schemes. In 2023/24 we were able to further develop our work with the agricultural sector with an exciting new project called Connecting People and Landscapes in a Changing Climate. This project aims to bring together farmers and communities to improve outcomes for bats and other wildlife. It will support farmers in the transition to regenerative farming, as well as introducing young people to careers in agriculture and conservation.

Our Bats in Churches project was officially completed in November 2023 but it is not over! The project has been a huge success, resulting in a close partnership which will continue working for the benefit of our built and natural heritage. Resources developed as part of the project will continue to support church communities into the future (https://batsinchurches.org.uk/). We also have a new Bats in Churches Advisor at BCT (supported by the Church of England) who will administer a small grants scheme for churches and provide enhanced training for Natural England volunteers through the Bat Advice Service.

We want to ensure everyone feels welcome, able to connect with the natural world and participate in its protection. And we continue to recognise the importance of having diverse voices involved in bat conservation, bringing new perspectives and ideas. As mentioned in last year’s annual report we have increased our investment in EDI (equity, diversity and inclusion). In 2023/24 we developed our EDI statement of values, and members approved an additional clause in BCT’s governing documents to reflect our commitment to EDI. We also rolled out EDI training to staff and made events more inclusive. Critically, we have continued to improve our recruitment processes and are committed to reporting on our progress through initiatives like the RACE Report.

We would like to say thank you to everyone who supports our work – our staff, volunteers, partners, donors, supporters, members and many others all help create a world where bats and people thrive together.

Jean Matthews, Chair, Board of Trustees Kit Stoner, Chief Executive

https://batsinchurches.org.uk/ ope

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Science, research and advances in woodland monitoring

CS CZ = Foe Elliot Bastos (Assistant Project Officer, Woodland Hope) in Meirionnydd Laer Oakwoods in Wales habitat for a range i 9b bat species, including the rare lesser horseshoe bat. ————

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Using AI to upscale bat surveys

Our Sound Classification System’s (SCS) development has continued through 2023-24. It is a fully automated audio-identification system which answers an urgent need to upscale bat surveys. Currently, most conventional surveys are time and labour intensive. But now we can rapidly scale up the data volumes flowing through the SCS, using AI and cloud technologies.

As a result, we will have bigger, better data and so improved understanding how bat populations and the ecosystems they rely on are faring. And unlike traditional surveys, SCS users don’t need to watch bats in real time, which makes taking part more accessible (see NightWatch section for more on this).

eDNA: The sky is not the limit

Living organisms shed DNA into their surrounding environments as they interact with them. We call this environmental DNA (eDNA) and it can be used it to identify species. The non-invasive nature of collecting eDNA is useful for surveying vulnerable species as well as those in hard-to-reach environments. s Pk =] ae + ee pi a

Lia Gilmour is BCT's Research Manager and oversees the development of BCT’s SCS.

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© Lia Gilmour
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To explore how airborne eDNA could be used to survey bat species in the UK, BCT is working with Dr Joanne Littlefair at University College London. Last year, our science team conducted a pilot study at a lesser horseshoe bat roost, collecting airborne DNA using innovative methods. With the pilot

| complete, this work opens doors for more projects in Seaeee x this rapidly developing area.

New way to measure past bat population declines

Research by the University of Exeter and BCT has found that barbastelle bat populations dropped by 99% over several hundred years.

BCT's Madeline Davis surveying a lesser horseshoe bat roost using passive acoustic and airborne eDNA sampling methods.

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© Alfie Gleeson
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Animals’ DNA can be analysed to discover a ‘signature’ of the past, including periods when populations declined, which leads to less genetic diversity. Until now, we have only been able to look at recent changes in populations, though anecdotal evidence suggests UK bat populations are at historic lows.

Now we have evidence for the historic decline of barbastelle, and it has made an immediate impact. But we urgently need similar evidence for other bat species – and this study provides a way to get it.

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Bats and health 2023-24

Our work in this area continues to involve collaboration with national and international partners. We maintain up to date information about bats and health on our website and through our networks. We also promote measures to reduce the transmission of disease between humans and bats.

Whilst disease research is important, misleading representations of scientific findings can undermine bat conservation efforts – and cause unnecessary alarm. New findings, such as the expanding presence of EBLV-1 in one UK bat species, and new non-invasive research methods, mean we can continue working to mitigate risks. We are looking to secure resources to expand this area of work.

We collaborated with scientists who discovered undescribed coronaviruses in two British bat species. By engaging in this research, we ensured findings were not presented in a misleading way. This work provides a model for researchers and conservationists to work together for the wider good.

National Bat Monitoring Programme

Volunteers collecting data for the NBMP Sunset Survey in Roath Park, Cardiff.

In partnership with Joint Nature Conservation Committee we run the National Bat Monitoring Programme (NBMP) which collects population data for 11 of the UK’s 18 bat species. Established in 1996, the NBMP is one of the longest running and most successful citizen science programmes in the world. It gives us, researchers and government, the information needed to help inform bat conservation.

Who gathers NBMP data?

NBMP exists because of all the volunteer citizen scientists who have collected data over two decades. As well as being of great value to bat conservation, the surveys are fun and rewarding to carry out. And we’re delighted that more volunteers signed up in 2023-24, bringing our total to 793 volunteers and 438 new people trained to use bat detectors.

Since 2021, NBMP has been working to engage younger and more diverse volunteers. We’re pleased to see positive results, with continued recruitment of new volunteers from under-represented communities. Compared to 2022-23, we saw a 23% increase in engagement of people from ethnic minorities and a 48% increase in young adults.

Find out more about our equity, diversity and inclusion work in our Inspiring People section.

Removing barriers to nature: NBMP Volunteer Engagement Officer

New to Nature aims to provide experiences for people who might not normally have access to a career in the environmental sector. Trainees are paid a competitive wage for 12 months while gaining hands-on experience.

Stephanie Fernandes joined BCT in 2023 as part of the New to Nature scheme, after finishing her degree in Zoology in 2022. As our Volunteer Engagement Officer, Stephanie has worked to bring more diversity to BCT as well as supporting all the amazing volunteers who make BCT what it is. Unfortunately, New to Nature isn’t continuing, but Stephanie is remaining in the same role with BCT into 2024.

Our Volunteer Engagement Of cer, Stephanie Fernandes, has worked to bring more diversity to BCT as well as supporting all the amazing volunteers who make BCT what it is.

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© Michelle Parsons
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Science, research and advances in woodland monitoring

Bhangra, bats and starlit stories

Stephanie organised and supported a variety of engagement activities, like an event with Royal Parks. Attendees took part in a Bhangra dance tutorial and a bat walk which incorporated the NMBP Sunset Survey. Stephanie was also instrumental in organising a collaboration between BCT’s NightWatch, Butterfly Conservation Trust and Wanderers of Colour. Stories Under Starlight participants were given training in capturing video of the wildlife around them using their smartphones and the footage they collected included in a film – you can watch this film on YouTube by scanning the QR code below or using this link: https://youtu.be/STvw8Iop3lw?si=n5hjpbXwWv9BH4-r

NBMP annual survey results

While several bat species remain at risk of extinction, there is good news for some species which are a) showing improved population trends. Importantly, results suggest protective laws and conservation actions are paying off.

Among the best news is a continued rise in two of Britain’s rarest bats: the greater horseshoe and lesser horseshoe bat. And there is also a rise for Natterer's bat, common pipistrelle and soprano pipistrelle. We found that Daubenton’s bat, noctule, brown long-eared bat, serotine and whiskered/Brandt’s bats are stable, when compared with the baseline year of 1999.

Whilst BCT is happy with the positive results, it is important to note that there is regional variation, and most species still have a long way to go before they recover from significant historical declines. Worryingly, in our current political climate, protections for bats are vulnerable.

Stories Under Starlight workshops led by NightWatch in collaboration with NBMP, Butterfly Conservation Trust and Wanderers of Colour.

You can read the NBMP reports on our website, scan the QR code on this page or visit www.bats.org.uk/our-work/national-bat-monitoring-programme/reports/ nbmp-annual-report

Advances in woodland monitoring

All 17 UK breeding bat species use forests for foraging, roosting or commuting. Several of our rarer and more endangered bat species depend on woodland for their survival. Also, their association with forest habitats makes bats valuable indicators of forest ecosystem health.

However, woodland bat activity is difficult to monitor because traditional surveying techniques aren’t well suited to woodland. Last year we reported on exciting work going on across the UK’s woodlands and forests. 2023-24 saw that work continue with a focus on advances in woodland monitoring.

National Forest Inventory Bat Survey

https://youtu.be/STvw8Iop3lw?s i=n5hjpbXwWv9BH4-r

The National Forest Inventory programme monitors woodland and trees within Great Britain. It includes the most in depth survey carried out on Britain’s woodland and trees to date.

We’ve been working with Forest Research on the National Forest Inventory Bat Survey (NFIBS) since 2021, collecting large amounts of valuable data. In 2023 our NFIBS data totalled 66.6 TB. Using BCT’s SCS this was processed in less than 10 days. For context, it would take a bat call expert roughly 150 years to manually classify the same number of recordings.

Work with NFIBS will help us to develop and improve:

l Passive acoustic bat population monitoring survey of NFI plots. l An autonomous acoustic sensor prototype.

l Automated classification of woodland bat species. l A woodland soundscape classification algorithm.

www.bats.org.uk/ourwork/national-bat-monitoringprogramme/reports/nbmp-annu al-report

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Forest Wilding

Forestry England (FE) is using innovative ‘forest wilding’ approaches to restore some of their sites. Plans include the re-introduction of keystone species and restoration of mosaic habitats. BCT and FE worked together to record baseline data in the areas being restored, and we will continue to monitor progress.

Special Areas of Conservation barbastelle project

We continue to work with partners, including large numbers of dedicated volunteers, to survey for rare species such as the barbastelle in Special Areas of Conservation (SAC). This work is ongoing and will provide vital knowledge that will aid the conservation of this threatened species.

Looking for barbastelles in The Mens

The Mens is a large ancient woodland in the Low Weald. During 2023, with support from the London Bat Group and key bat workers, we surveyed this SAC with advanced survey techniques.

We were looking for core roost areas of barbastelles. Results confirmed and mapped maternity roost trees, and emergence counts of identified roosts gave an indication of colony size.

The capture (and release) of five female barbastelles and six maternity roost trees in three roost areas shows that minimum intervention and nonmanagement is working to support maternity roosts within the reserve.

Most of our funding for Bat Tree Habitat Key and Bat Rock Habitat Key projects comes from the sale of Henry Andrew’s two books pictured here.

Follow the QR code below to buy these books.

Tagging trees to protect bat roosts

Tree tags make bat roosts in trees easily identifiable. Without them it can be time consuming and costly to keep track of roosts for those who manage woodlands. That’s why we launched the Bat Roost Tree Tag Scheme (BRTTS) in 2021. So far 401 tags have been placed, with 80 in 2023-24, more than double than the year before.

By now, the tags are well recognised by woodland workers who know that they need to seek appropriate advice before proceeding with any work. Data from the scheme supports work studying bat species’ use of trees, for example, by feeding into the Bat Tree Habitat Key.

Bat Tree Habitat Key and Bat Rock Habitat websites

In 2023, Henry Andrews gave the Bat Tree Habitat Key (BTHK) and the Bat Rock Habitat Key (BRHK) projects to BCT. Both projects aim to document features exploited by tree-roosting and rockroosting UK bat species.

Bat Tree Habitat Key https://pelagicpublishing.com/ products/bat-roosts-in-trees-battree-habitat-key

Bat Rock Habitat Key https://pelagicpublishing.com/ collections/bat-rock-habitatkey/products/bat-roosts-in-rock

Valuable information from both will feed into our survey guidelines, biodiversity and woodland initiatives and future research projects.

Next year will see us promote BTHK and BRHK in Northern Ireland, Wales, and Scotland, so that we capture more data from these countries. And we plan to apply for funding to develop an app for BTHK so that data is always up to date and can be entered in the field.

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Projects and partnerships: Bringing people together

Projects and partnerships are the heart of conservation action. = SW |\) Currently we have 40 active = ; i N y 7, partners across the UK and in all nations, and they range from landscape scale to habitat specific. Inspiring local people to Hn Sie act through engagement and education is central to many of our projects. And improved access to nature is just one of the rewards participants benefit from. 2023-24 saw the end of some long-term projects +) RAT il gee and work on their legacy. It = also saw the start of major new projects.

Bats in Churches end of project event Flying to the Future was a celebration of the incredible success and legacy of this £4.6 million partnership.

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Bats in Churches’ amazing legacy

Bats in Churches (BiC) was a £4.6 million partnership which ran from 2019 until 2023. BiC tackled potential human/wildlife issues that can occur when large numbers of bats roost inside church buildings, particularly historic ones.

Project impact

BiC was hugely successful, resulting in a close partnership which will continue to benefit our built and natural heritage.

As part of the project, 753 churches were surveyed, finding 12 of the country’s 18 species. At least two churches have been saved from closure, and dozens of roosts protected, including some for the endangered grey long-eared bat.

BiC also successfully piloted a Bats in Churches Class Licence which allows a flexible approach to bat mitigation.

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753
Churches
surveyed
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12
bat species were found
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What next for bats in churches?

Our celebration event of BiC’s successful end was written up in the Guardian but it’s not quite the end of this unique project. We have a new role at BCT, the Bats in Churches Advisor who will administer a small grants scheme for churches and training through the Bat Advice Service. And we are working on the follow up project: ‘Beyond Bats in Churches’.

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2 saved
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A bat survey underway in Brampton. Churches are also important for bats and some have provided safe roosting sites for many generations.

Natur am Byth! Celebrating Welsh culture and nature

Natur am Byth! (which means ‘nature forever’ in Welsh) is the country’s largest natural heritage and outreach programme and we’re pleased to be part of it. With a focus on cultural as well as natural heritage, Natur am Byth! is timely – Wales is one of the most nature depleted countries in the world.

Natur am Byth! seeks to support 67 species facing extinction, including the lesser horseshoe bat, shrill carder bumblebee, and pink sea fan. People are central to this project, which will create a new wave of nature ambassadors as it celebrates Cynefin – the distinct natural heritage that underpins communities across Wales.

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Projects and partnerships: Bringing people together

Swansea Bay: Stars of the Night

Wales holds 61% of the UK’s population of the lesser horseshoe bat, and our Natur am Byth! project focuses on them. Swansea Bay: Stars of the Night will encourage local people to take part in citizen science.

BCT’s Project Officer Bethan Withey grew up in Wales, speaks Welsh and is passionate about engaging local communities in appreciation of native wildlife. She will focus on the Stars of the Night volunteer offer and engagement work.

Hope for the future in Welsh rainforests

All 15 bat species found in Wales use woodland for roosting, foraging, or commuting. A new project for 2023, Woodland Hope (Gobaith Coetir) will help some of Britain’s rarest bats and most precious woodlands in North Wales by focusing on the Celtic rainforests.

This project is funded by the Nature Networks Fund from the National Lottery Heritage Fund through Natural Resources Wales.

A great start to the project

Woodland Hope got off to a flying start at its first community event with over 100 lesser horseshoe bats emerging from a stable in Snowdonia.

Community engagement is core to this project which will upskill the local community in citizen science, work with local partners and make it possible to monitor woodland bats in innovative and collaborative ways.

Nicky Fish (Wales Of fi cer Woodland Hope). Woodland Hope works closely with local partners, communities and organisations, to connect people with their woodland heritage.

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New project connects farmers, communities and landscapes

Another exciting new project is Connecting People and Landscape in a Changing Climate. This ambitious project will bring wildlife, farmers and communities together to create better outcomes for all.

Farmers will be given specialised support to transition to regenerative farming, whilst connecting them to their local communities and bat species. To understand the impact of climate change, wildlife rehabilitation data will be studied. Ecological training will be offered to younger people, who will be introduced to possible careers in agriculture and conservation.

A woodland strand of this project will improve our understanding about where Bechstein’s bats are found. This will allow the project to give advice to woodland owners and managers, schemes, initiatives, and policy makers and inform the national drive to increase woodland habitats.

We were delighted to get funding from the National Lottery Heritage Fund for an 18-month development phase and hope to win funding for the delivery phase to last a further four years.

BCT in Scotland

With NatureScot’s support, BCT runs the Scottish Bat Project which works with 12 bat groups, including one newly set up group, as well as NBMP volunteers, to build knowledge about Scottish bats.

Volunteers on site for our new project which connects farmers, communities and landscapes.

Last year the team:

Next year, work will continue with Scottish bat groups to strengthen connections between them and landowners and managers. And more bat survey skills sessions will be offered, covering everyone from beginners to advanced. Plus, they will focus on regional questions, such as occurrence of Brandt’s bats, swarming sites and the search for Nathusius’ pipistrelle bats.

In March 2025, there will be a Scottish Bat Conference for all Scottish bat workers and bat enthusiasts.

New Scottish project: Species on the Edge

Working with local communities in some of Scotland’s most remote areas, Species on the Edge (SotE) will provide a vital lifeline for vulnerable coastal and island wildlife. SotE is the first partnership of its kind in Scotland, bringing together Rethink Nature and NatureScot to stop biodiversity loss.

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Projects and partnerships: Bringing people together

Getting to know Scottish bats

Little is known about bats in the highlands and islands and to ensure their future, we need to know more about them. In some cases, the most recent records are from the 1990s. As such, surveys are badly needed. In the first year, SotE completed 59 surveys, covering four project areas. In total seven bat species were recorded.

Bats, crofts and midges

Our SotE Project Officer Cathryn Baillie has been working with local communities on bats walks, citizen science, bat box building and other survey work. And she’s set up a bat detector loan scheme in Portree so people can see if they have bats on their land.

Cathryn has also been working with crofters. Crofting is often beneficial for bats, because it is small-scale, low intensity, and creates a mosaic of different habitats. Bats are good for crofters too, as they eat midges, an insect which bites humans. The soprano pipistrelle – weighing about the same as a 20p coin – can eat thousands of midges in one night, and are estimated to eat billions annually in Scotland.

A bat walk in Portree. Species on the Edge Project works with the help of community science to learn more about bats in incredible Scottish landscapes.

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NightWatch brings a new approach to surveys

NightWatch is a community science project that helps people discover the hidden world of nighttime wildlife living in their neighbourhood.

Technology helps us remove barriers to surveys

New technologies used in NightWatch mean more people can take part in bat surveys because they don’t have to be physically present to count bats. Instead, NightWatchers can leave sensors to collect data on a balcony, in a garden or local green space. And no previous surveying experience is needed. So NightWatch is perfect for those new to bat surveys and living in towns or cities.

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Community influencers join NightWatch

In 2023, we recruited a new type of volunteer for NightWatch, community influencers, who will help spread the word in their neighbourhood.

Next year we will launch our NightWatch influencer packs, which will support people as they bring NightWatch to their networks.

A group of NightWatchers.

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New industry lighting guidance

August 2023 saw the launch of an important tool for industry on how to avoid or reduce harm to bats from artificial lighting. BCT chaired the panel of experts who produced a new Institution of Lighting Professionals guidance note. Anyone involved in projects with artificial lighting – such as local authorities, developers and ecologists – will find this guide useful.

NightWatch is a community science project helping people discover the hidden world of night time nature living in their neighbourhood.

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Since the last guidance in 2018, we now know more about how lighting impacts different bat species. Whilst all bats require dark roosting areas, corridors and feeding habitats, light’s impacts are not the same across species. For instance, some bats are impacted by significantly lower lighting levels than others. Additionally, there’s also been an increase in knowledge on how lighting impact can be reduced.

The new guide stresses the need for communication between specialists on projects, as well the need to bring ecologists and lighting engineers in at the start. Alongside information about how projects can best work; bat roosting, foraging and commuting needs are outlined in greater planning context. And a range of case studies demonstrate principles, with avoidance as a key tool to mitigate impacts.

Overall, the guide shows the benefits of its approach for bats and other wildlife. But importantly, people also benefit from the overall quality of our environment.

First eLearning module launched

To share the new guidance as widely as possible, we launched our first planning eLearning module. ‘Introduction to Bats and Artificial Lighting’ covers bat ecology, the impacts of artificial lighting and the latest mitigation techniques.

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Projects and partnerships: Bringing people together

Roost Partnership scheme: Making roofs fit for bats

All 17 bat species that breed in the UK have been recorded using buildings. Some species increasingly depend on roof roosts as natural roost become scarcer.

And so BCT has started the Roost Partnership, a scheme which develops evidencebased roosting products with manufacturers. Products are designed with expertise from best practice guidance and research, as well as feedback from ecologists and built environment professionals.

We have three partners:

Vistry Group Partnership

BCT is pleased to continue our work with the Vistry Group, with our partnership being renewed for another three years. Vistry Group is one of the UK’s leading provider of housing.

Jo Ferguson is BCT’s Built Environment Manager and oversees the Roost Partnership scheme and the production of industry guidance.

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Our partnership demonstrates how organisations can work proactively towards common environmental goals. In the past BCT has trained Vistry staff, worked with them on Biodiversity Net Gain and good practice on new housing developments.

Natterers’ bat in a bat brick.

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Cover of Bats and Arti cial Lighting at Night. Anyone involved in projects with arti fi cial lighting – such as local authorities, developers and ecologists – will fi nd this guide useful.

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The Manthorpe Ridge Roost™. BCT has partnered with Vistry and Manthorpe Building Products to launch this innovative new product that will provide accommodation for bats.

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Inspiring people

To create a sustainable and equitable future for bat conservation, we want to educate, engage, and inspire diverse audiences.

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Inspiring people

Equity, diversity and inclusion

Last year we told you about our plans for equity, diversity and inclusion (EDI) at BCT. Work continued on this important area through 2023-24. Some EDI updates are in relevant sections of this report, but EDI highlights from 2023-24 included:

A ‘taboo’ word cloud from Naomi Webster’s talk at the Autumn CIEEM conference on hidden barriers and breaking taboos in conservation. Each word is a taboo or hidden barrier that people shared. Naomi is BCT’s Education and Engagement Of fi cer.

National Bat Helpline

The National Bat Helpline (NBH) continues to be on the frontline of bat conservation. Every year the NBH helps save thousands of individual bats, as well as dispelling misconceptions that people have about bats.

NBH staff receive around 10,000 enquiries a year by phone and email, with a further 225,000 visits to their website pages.

Bat care calls

Thousands of enquiries come from people who have found grounded or injured bats. We work with a network of bat rehabilitators and wildlife hospitals who help these bats back into the wild.

All bat care calls are handled by a team of over 100 volunteers who receive training and support from NBH officers. It is hard work, but we get positive feedback from volunteers about their experiences.

Around 10,000 enquiries in a year

www.bats. org.uk/ advice

Bat Advice Service and Bat Roost Visitors

NBH runs the Bat Advice Service on behalf of Natural England. This is a free service which provides advice to householders.

225,000 visits to the website

Additionally, NBH co-ordinates visits from Natural England’s Volunteer Bat Roost Visitors (VBRV). Through this scheme, thousands of households receive bespoke advice on how to carry out work on their homes without needing a visit from a VBRV. Last year, over 600 VBRV visits took place.

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Membership and engagement

As a membership organisation, the ongoing support of our members is vital because membership raises much needed funds for our work.

But members also do incredible work across the UK raising awareness of bats and their vital part in our natural environment. And members make our voice more powerful, especially around campaigning and other policy work.

2023-24 membership updates

Our membership income increased significantly, with more people joining and more members renewing their support. Additionally, our members donated thousands of pounds to a range of BCT projects, contributing even further to bat conservation and our work.

Our membership magazines, Bat News and the Young Batworker, are published three times a year with articles covering national and international conservation work and research as well as celebrating those involved in bat conservation.

Social media, media and communications

In 2023 we invested in the comms team through the creation of a new post. Now in place, the new Comms Officer increases our capacity to produce digital content, implement best practice around SEO and will lead on creating a BCT wide communications strategy.

2023-2024 in numbers

We have a big audience of supporters and followers on social media and the BCT website. Here are some of the key figures from last year.

Policy and advocacy

1 million visitors to BCT website

121K Facebook followers

30K Instagram followers e)

56K X/Twitter followers

10K LinkedIn members

77,180 downloads of BatChat podcast

Last year’s annual report celebrated two new roles created to strengthen bat conservation through BCT’s influence in the policy sphere. These new staff members mean we can now be more proactive in the policy arena, which has undergone radical changes recently with risks to legislation that protects bats and other wildlife.

Lil McDermaid (centre, holding the ‘Manifesto for Bats’ poster), BCT staff and supporters at Restore Nature Now. Lil is our Species Advocacy and Policy Of fi cer, one of two new roles created to strengthen bat conservation through BCT’s influence in the policy sphere.

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Inspiring people

Retained EU Law Bill

The Retained EU Law (REUL) Bill threatened legal protections for bats. We weren’t alone in our concern that legal protections we believe are vital to the population recovery of many of our bat species would be removed. We asked our supporters to write to their MPs expressing their concern – and at least 116 MPs were contacted.

Unfortunately, REUL did become an Act of Parliament. Going forward, we will continue to monitor legislative changes and hold governments accountable for their promises that they will not use the Bill to weaken environmental protections.

Manifesto campaign

Early in 2024 work began on our first manifesto campaign. Bat conservation faces many threats, including inappropriate or unambitious environmental policies, chronic underfunding of environmental services and the climate crisis. Though current protections have enabled some positive signs of recovery, there are still UK bat species at risk of extinction and declines in some species and areas.

Right now, the UK’s political parties have the opportunity and obligation to make real progress for the environment and commit to what nature needs, which in turn provides many benefits to people and communities.

In 2024 we created five manifesto pledges we believe every UK political party should commit to and mobilised our members to ask their political representatives to consider them.

Wind turbine mitigation to protect wildlife

Renewable energy and improving energy efficiency is an essential part of mitigating climate change and providing a reliable, sustainable energy system. If not planned carefully, however, renewable energy developments or energy efficiency schemes can have very detrimental impacts on bats and other species.

Therefore, future projects need to carefully consider how to minimise their impacts on bats, as well as birds and other wildlife. Ecological impact assessments should be carried out by suitably qualified ecologists for renewable energy projects, who will then help to design suitable mitigation measures to avoid or reduce any impacts on protected wildlife.

Making policy expertise a priority

Consultations, briefing, letters and statements are how expertise is fed into the UK’s policy making system. In 2023-24, we took part in nine briefings and statements, 26 consultations and seven campaigns – a five-fold increase from the year before. On top of this, we took part in 50 other policy engagement activities. Consultation topics ranged from hedgerows to planning regulations. Policy briefings covered areas like the built environment’s impact on younger people, river pollution and biodiversity net gain. We signed an open letter about HS2 biodiversity recalculation and another one to Minister Rebecca Pow about regulation of protected landscapes. And we united with other conservation organisations for campaigns and rallies like Nature Can't Wait, Restore Nature Now and Nature for Everyone.

Ecological impact assessments should be carried out for renewable energy projects and suitable mitigation measures put in place to avoid or reduce any impacts on protected wildlife.

Overall, 2023-24’s policy work shows how diverse the policies are which impact bat species. It also demonstrates the connections between issues which impact on people and those which impact bat species and other wildlife.

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Award-winning Wildlife Crime Project

Mark Goulding, BCT’s Wildlife Crime Officer, won WWF Partner of the Year in 2023. Partner of the Year is given to an individual or organisation who has made the greatest contribution to the objectives of the Partnership for Action against Wildlife Crime in the preceding year.

Earned recognition

In partnership with Natural England and Chartered Institute of Ecology and Environmental Management (CIEEM), BCT helped to develop a transformative approach to licensing.

Now, some ecological consultants – with enough knowledge and experience – won't need to obtain a separate mitigation licence to provide advice to developers in some specific situations.

Good news for ‘night owl’ ecologists

2023 saw the release of the 4th edition of Bat Surveys for Professional Ecologists: Good Practice Guidelines . The guidance was fully updated with new sections on biosecurity, tree surveys, bat sound analysis auto-identification, data science and more.

Bat groups

Left to right: Deputy Chief Constable and National Police Chiefs Council lead on Rural Wildlife Crime Debbie Ford, BCT's Mark Goulding, National Wildlife Crime Unit's Kevin Kelly and WWF's Paul DeOrnellas.

Bat groups are the mainstay of bat conservation, undertaking vital front-line conservation work. We have more than 80 bat groups in the UK, made up of dedicated volunteers. Some are just a single individual, while others have hundreds of members. Whilst BCT has agreements in place with most bat groups, bat groups operate independently from BCT.

As always, BCT extends a huge thank you to all the bat groups for the work they do supporting BCT and the UK’s bats.

Funding bat groups doing vital surveys

Every year partner bat groups can apply to the Partner Group Support Fund for money to support projects. During 2023-24, BCT was able to support four bat group projects with a total of £1,709 (in 2022/23 we supported three bat groups with a total of £1,200).

Merseyside & West Lancs Bat Group will use their grant to buy sound analysis software to survey local sites and collect much needed data on bats in their area. 2023 saw the start of the National Nathusius’ Pipistrelle Project (NNPP) in Scotland, and we awarded the Tayside Bat Group a grant for AudioMoth detectors. Norfolk & Norwich Bat Group have been involved with the NNPP since 2017, and their grant is for long battery life laptops.

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Inspiring people

Awards given and received 2023-24

CIEEM NGO Impact Award

In 2023, BatChat won the NGO Impact Award from the Chartered Institute of Ecology and Environmental Management (CIEEM).

Launched in 2019, BatChat was the first active podcast that focuses on bat conservation. Each episode, host Steve Roe (BCT trustee and Chair of the Derbyshire Bat Conservation Group) interviews people on location about their work in bat conservation.

BatChat has grown impressively over the last few years, with a 50% increase in downloads since 2022 and listeners in 105 countries. Thanks to BatChat sponsors Wildlife Acoustics and Wildcare.

CIEEM is the leading professional membership body for ecologists and environmental managers in the UK, Ireland and abroad. Since 2006, CIEEM Awards have celebrated the outstanding work of ecologists and environmental managers.

Pete Guest Award

During 2023’s National Bat Conference, Steve Roe was awarded the Pete Guest Award. Given in memory of Pete Guest – an inspirational figure in bat conservation – this award is recognition of an outstanding practical contribution to bat conservation.

The Pete Guest Award winner in 2023 was Steve Roe. From left to right, Kit Stoner (BCT’s CEO), Steve Roe and Ruth Waters (BCT Trustee).

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Vincent Weir Scientific Award

The Vincent Weir Scientific Award was established in 2010 to recognise remarkable new researchers and their contributions to bat conservation. Natalie Yoh won 2023’s award for their work on how bats respond to changes in land cover in Borneo. The acoustic methods Natalie developed will have applicability across Southeast Asia.

Kate Barlow Award

The Kate Barlow Award celebrates postgraduate students whose research has practical value to bat conservation. It was set up in honour of the late Dr Kate Barlow.

2023’s winner was Oliver Aylen for his project on arid zone bats and conservation reserves. Oliver’s project investigates whether fenced reserves reduce bat predation, provide increased food resources or roost sites.

Batty Laureate Awards

Natalie Yoh, Vincent Weir Scienti fi c Award Winner for 2023.

BCT celebrates creative writing about bats with the Batty Laureate Award. 2023-24’s Young Batty Laureate was Sophie Harrison for a short story about a girl who is bullied at school but finds comfort from a bat roost. And in the adult category, Sarah Mills won for her poem which explores what bats symbolise.

Roost Awards

The Roost Awards promote best practice bat roost mitigation and enhancement and take place every two years. Vincent Wildlife Trust’s High Marks Barn SSSI won 2023’s award. High Barn has a breeding colony of greater horseshoe bats and smaller number of overwintering bats.

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Thank you

We would like to thank all our members and friends who have made donations during the past year. We do not have the space to name everyone; however, we would like to thank everyone for their greatly valued support without which none of our work would be possible.

Partner bat groups

Avon Bat Group Ayrshire and Arran Bat Group Bedfordshire Bat Group Berkshire & South Bucks Bat Group Birmingham & Black Country Bat Group

Cambridgeshire Bat Group Cardiff Bat Group Central Scotland Bat Group Cheshire Bat Group Cleveland Bat Group Clwyd Bat Group Clyde Bat group Cornwall Bat Group Derbyshire Bat Conservation Group Devon Bat Group Dorset Bat Group Dumfries and Galloway Bat Group Durham Bat Group East Yorkshire Bat Group Essex Bat Group Fife and Kinross Bat Group Glamorgan Bat Group Gloucestershire Bat Group Gwynedd Bat Group Hampshire Bat Group Herefordshire Bat Research Group Herefordshire Mammal Group Herts & Middlesex Bat Group Inverness Bat Group Isle Of Wight Bat Group Isles Of Scilly Bat Group Jersey Bat Group Kent Bat Group La Société Guernesiaise – Guernsey Bat Group Leicestershire & Rutland Bat Group Lincolnshire Bat Group Loch Lomond Bat Group London Bat Group Lothians Bat Group Manx Bat Group Merseyside & West Lancs Bat Group Montgomeryshire Bat Group

Nene Valley Bats

Norfolk & Norwich Bat Group North Bucks Bat Group North Ceredigion Bat Group North East Scotland Bat Group North Lancashire Bat Group North Wales Mammal Group Northern Ireland Bat Group Northumberland Bat Group Nottinghamshire Bat Group Oxfordshire Bat Group Pembrokeshire Bat Group Shropshire Bat Group Somerset Bat Group South Cumbria Bat Group South Lancashire Bat Group South Yorkshire Bat Group Staffordshire Bat Group Skye and Lochalsh Bat Group Skye and Lochalsh Bat Group Surrey Bat Group Sussex Bat Group Tayside Bat Group Vale Of Glamorgan & Bridgend

Bat Group Valleys Bat Group Warwickshire Bat Group West Yorkshire Bat Group Worcestershire Bat Group

Charitable trusts, statutory bodies and other organisations

Animal Friends Animal and Plant Health Agency Amazon Web Services Wolf Studios Wales Benefact Group Chapman Charitable Trust Church of England The David Webster Charitable Trust Ernest Kleinwort Charitable Trust Esmée Fairbairn Foundation Forest Research

Forestry England

Garfield Weston Foundation Greater London Authority Groundwork HDH Wills 1965 Charitable Trust Jack Patston Charitable Trust Joint Nature Conservation Committee John Ellerman Foundation Ministry of Justice Natural England NatureScot The National Lottery Heritage Fund Natural Resources Wales Pettersson John Swire 1989 Charitable Trust The Barry Green Charitable Trust The Goldcrest Charitable Trust The Great Golden Orange Foundation The Panton Trust Thomas Jacks Vistry W&M Morris Charitable Trust

Sponsorships (of £100 or more)

ASW Ecology Batability Ecus Ltd I&G Ecological Consulting Ltd O’Donnell Environmental Pettersson Titley- Scientific Ltd WildCare Wildlife Acoustics

Corporate members (as of 1st April 2024)

Arbtech Consulting Ltd ASW Ecology Ltd BatAbility Courses & Tuition BatBox Ltd. Campsites.co.uk Cleankill Environmental Services

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Thank you

Dr Stump[ Ltd. Echoes Ecology Ltd. Ecological Survey and Assessment Limited English Heritage Ground Control Ltd. Highland Titles Nature Reserve Historic England Holidaycottages.Co.Uk Homegrown Timber (Rail Ltd.) I&G Ecological Consultancy Ltd Ingencia Integrated Utility Services Ltd. Kate's Clothing Ltd. Linwood Sawmill Ltd. M&L Ltd. MelBek Technology Ltd Nurture Holdings Ltd.

Stowe Family Law LLP Tamworth Property Services The Nestbox Company Ltd. The Travel Chapter Ltd Titley Scientific Treework Ltd United Environmental Services Ltd Viking Optical Ltd. Whitcher Wildlife Ltd Wilby Tree Surgeons Wild Surveys Ltd. WildCare Wildlife Acoustics Wold Ecology Ltd. Zoological Society of Hertfordshire

Donations from bat groups (of £100 or more in the year to 31 March 2024)

Devon Bat Group Durham Bat Group Hampshire Bat Group Jersey Bat Group North Ceredigion Bat Group North Yorkshire Bat Group Oxfordshire Bat Group South Yorkshire Bat Group Surrey Bat Group Warwickshire Bat Group West Yorkshire Bat Group Wiltshire Bat Group

BCT staff at our annual Away Day in 2024. =

Photographers: BCT would like to thank all the photographers who so kindly donated their photographs during the year. Cover image: Grey long-eared bat emerging from barn © Neil Aldrige Auditor: Sayer Vincent LLP Editor: Claire Moran Designed by: Matthew Ward

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Structure, Governance and Management

Administrative information

Status

The organisation is a charitable company limited by guarantee, incorporated on 7 May 1992 and registered as a charity on 29 June 1992.

Governing document

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

Company number 2712823 Charity number 1012361 England and Wales Charity number SC040116 Scotland

Honorary roles

Hon Education Officer Shirley Thompson MBE Hon Science & Conservation Advisor Professor Paul Racey Hon Science Advisors Professor Gareth Jones Professor Kate Jones Hon Legal Advisor Michael Ford QC

Senior Management Team

Chief Executive Director of Conservation

Kit Stoner Lisa Worledge (since 15 May 2023) Dr. Joe Nunez-Mino

Director of Communications & Fundraising

Bankers

The Co-operative Bank plc Kings Valley, Yew Street Stockport SK4 2JU

Registered office and operational address

Studio 15 Cloisters House, Cloisters Business Centre, 8 Battersea Park Rd, London SW8 4BG

Trustees

Officers: Jean Matthews (Chair) Steven Roe (Vice Chair) Dr. Ruth Waters (Treasurer) (until 16 September 2023) Helen Slinger (Treasurer) (from 16 September 2023) Annika Binet (Hon Secretary) Dr. Cerys Bradley Stuart Brittenden Dr. Abigail Entwistle Colette Marshall Lord John Randall Dr. Orly Razgour Matthew Terry

President

Chris Packham CBE

Professor Paul Racey Dr. Robert Stebbings David Gower OBE

Vice Presidents

Patron

Ambassadors

Kate Rusby Aruhan Galieva

Health and Safety

JEM Safety Management Ltd 190 Moor Lane Upminster Essex RM14 1HG

Insurance brokers

First Insurance Solutions Ltd First Insurance Solutions House Centre 3000, St. Leonards Road Maidstone, Kent ME16 0LS

Financial advisors

Coloma Wealth Management LLP 3rd Floor, Warwick House 65/66 Queen Street London EC4R 1EB

Employment advisors WorkNest Woodhouse, Church Lane Aldford, Chester CH3 6JD

Solicitors

Aaron & Partners LLP Grosvenor Court, Foregate Street Chester CH1 1HG

Auditor

Sayer Vincent LLP 110 Golden Lane London EC1Y 0TG

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Fundraising Statement

At BCT, we respect the wishes of our members, supporters and donors who ask for no further contact from us, and we adhere to Data Protection law. We employ reputable companies to assist with distributing membership material. We do not employ fundraising or marketing agencies to target people by telephone, or in the street, to persuade them to set up regular donations to BCT. BCT is registered with the Fundraising Regulator and agrees to abide by its rules and regulations. Those who register with the regulator agree to ensure their fundraising is legal, open, honest and respectful. There were no complaints related to fundraising during the period covered by this report.

In order to achieve our objective of financial stability, everyone at BCT contributes towards our fundraising efforts along with a small, dedicated fundraising team. We also support others who choose to make donations or take part in fundraising activities in whatever way they can.

of the charity they undertake to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such undertakings at 31 March 2024 was 12 (2023: 12). The Trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set.

Risk Management

The Trustees and Senior Management Team have reviewed the major risks which the charity faces. They review these risks at least annually. The Trustees implement improvements to systems of internal control in order to mitigate other operational and business risks as and when identified.

Some of the major risk areas are:

Safeguarding

BCT is committed to upholding the principle that children and vulnerable adults are entitled to protection from physical, sexual and emotional harm and have the right to a safe, positive and enjoyable environment when involved with BCT. We are committed to maintaining a safeguarding policy, which can be viewed here: https://www.bats.org.uk/the-trust/policies/ safeguarding and providing regular staff training.

The Trustees

The Trustees who served during the year and up to the date of this report are shown on page 4. All Trustees also act as directors for the purposes of company law.

The Trustees are elected at an Annual General Meeting (AGM) and serve for three years. Trustees are eligible for reselection at the end of their first and second term of three years, but following election for a third term, may not be eligible for reselection until one year has elapsed from them ceasing to be a member of the Board of Trustees. The Trustees may co-opt any Member eligible for election to fill a vacancy until the next AGM.

Remuneration Policy

Remuneration of all staff is considered on an annual basis by the Board of Trustees. The Senior Management Team make recommendations to the Trustees for a) the cost of living based on inflation rates, the London Living Wage and a salary survey we take part in with other environmental NGOs, and b) for any staff increments based on job bands, performance and any extra responsibilities taken on. The Trustees make the final decision in the context of BCT’s budget. The salary of the Chief Executive is set by the Chair in consultation with the Trustees.

The Trustees regularly audit their collective skills, competencies and experience against those required to fulfil their responsibilities and proactively recruit new Trustees to fill gaps. All proposed Trustees are put to the BCT membership prior to any appointment. On appointment, training is given according to the needs of the Trustee and new Trustees have an induction with key members of staff.

The Trustees are members of the charity but this entitles them only to voting rights and any benefits received by the Trustees are incidental. As members

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Statement of Responsibilities of the Trustees

The Trustees (who are also directors of The Bat Conservation Trust) are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law required the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing those financial statements the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Treasurer’s report

BCT has continued to grow its vital work, despite the continued economic uncertainty, which has impacted heavily on the charity sector as well as individuals. Due to a turnaround in our investments at year end and an increase in legacy and project income, we ended the year with an increase in funds.

We saw a surplus in unrestricted funds this year compared to a deficit last year. We have continued with careful management of our finances, but have also increased our project income and expenditure with the commencement of new projects or delivery phases of previous projects in development. This is reflected in the higher staff salary costs as we employed additional staff and met our living wage commitments during a time of higher cost of living pressures.

For the year ended 31 March 2024, income was £2,665,328 (2023: £1,689,685) and expenditure was £2,281,864 (2023: £1,773,272), leading to net surplus for the year of £383,464 (2023: deficit £83,587).

Taking into account gains on investments of £147,858 (2023: losses of £253,771), the net movement in funds for the year was an increase of £531,322 (2023: a decrease of £337,358).

Investment policy

Investments total £2,288,298 (2023: £2,369,739) at 31 March 2024. The aim of these funds is to provide a steady additional annual income stream to support our work, helping to reduce the risks associated with our reliance on project funding.

Investments are expected to meet our ethical criteria with returns reported on via a benchmark. Trustees and management are undertaking a full review of our investment portfolio and fund managers for performance against returns and ethical criteria. The target rate of return is to achieve UK CPI + 3% per annum, after fees and costs and this target is used for budgeting purposes.

Disclosure of information to auditor

In so far as each of the Trustees is aware:

l There is no relevant audit information of which the charitable company’s auditor is unaware;

And

Reserves policy

We adopt a risk-based approach for our reserves policy in order to define the amount we need to enable us to sustain our operations and protect us from unforeseen events. We have also been investing some of our reserves in strategic projects to secure BCT’s long-term financial viability.

At the end of the 2023/24 financial year our total reserves stand at £3,492,617 (2023: £2,961,295). Of this, £2,252,701 (2023: £2,116,693) are endowment funds and £242,602 (2023: £226,146) are restricted funds for projects. This leaves unrestricted funds of £997,314 (2023: £618,456) of which £523,447 (2023: £259,986) have been designated to key programmes

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of work in the next financial year (see notes to the financial statements for details). This leaves us with £473,867 (2023: £358,470) as unrestricted, unallocated funds. Of this, £312,456 (2023: £275,452) represents free reserves after deducting the net book value of fixed assets.

The trustees' policy is to work towards holding six months operating costs, approximately £885,000, in unrestricted reserves. We will continue to review our reserves policy and our progress towards achieving it each year. On behalf of BCT, I would like to thank all our members, donors and partners for their fantastic support and our volunteers and staff for their endless hard work on behalf of bat conservation.

In our opinion, the financial statements:

Basis for opinion

Helen Slinger Treasurer

Auditor

Sayer Vincent LLP were appointed to act as the charitable company's auditor during the year.

The report of the Trustees has been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Approved by the Trustees on 1st August 2024 and signed on their behalf by

Conclusions relating to going concern

Jean Matthews Chair

Independent Auditor’s report to the members and trustees of the Bat Conservation Trust For the year ended 31 March 2024

Opinion

We have audited the financial statements of The Bat Conservation Trust (the ‘charitable company’) for the year ended 31 March 2024 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on The Bat Conservation Trust's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees’ annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any

29 |

form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) require us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and under the Companies Act 2006 and report in accordance with regulations made under those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

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Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Noelia Serrano (Senior statutory auditor)

05 August 2024

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, LONDON, EC1Y 0TG

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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The Bat Conservation Trust

Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2024

2024 2023 Note Unrestricted Restricted Endowment Total Total £ £ £ £ £ Income Donations and legacies 2 834,505 22,232 - 856,737 430,631 Investment income 59,185 - - 59,185 53,781 Income from charitable activities Conferences 69,339 644 - 69,983 69,451 Training courses and meetings 84,537 - - 84,537 113,240 Projects and research 3 717,052 822,682 - 1,539,734 985,175 Other activities 54,246 906 - 55,152 37,407 Total income 1,818,864 846,464 - 2,665,328 1,689,685 Expenditure Expenditure on raising funds Membership support 4 73,017 - - 73,017 77,370 Costs of raising funds 4 159,516 6,116 11,234 176,866 145,305 Expenditure on charitable activities Conferences 4 75,001 - - 75,001 67,107 Training courses and meetings 4 119,924 - - 119,924 90,161 Project and research costs 5 1,013,164 823,892 - 1,837,056 1,393,329 Total expenditure 4 1,440,622 830,008 11,234 2,281,864 1,773,272 Net income / (expenditure) before net losses on investments 378,242 16,456 (11,234) 383,464 (83,587) Net gains / (losses) on investments 12 616 - 147,242 147,858 (253,771) Net income / (expenditure) for the year 378,858 16,456 136,008 531,322 (337,358) Net movement in funds 378,858 16,456 136,008 531,322 (337,358) Reconciliation of funds Total funds brought forward 618,456 226,146 2,116,693 2,961,295 3,298,653 Total funds carried forward 18 997,314 242,602 2,252,701 3,492,617 2,961,295

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 18 to the financial statements.

For Companies Act purposes, excluding Endowed funds, income for the year ended 31 March 2024 was £2,665,328 (2023: £1,689,685) and expenditure £2,270,630 (2023: £1,762,767) and gains / (losses) on investments of £616 (2023: (£21,772)). Net income / (expenditure) was £395,314 (2023: (£94,854)).

Comparatives for the statement of financial activities are given in note 20.

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The Bat Conservation Trust

Balance Sheet

As at 31 March 2024

2024
Note
£
Fixed assets
Tangible assets
10
Intangible assets
11
Investments
12
Non-current assets
Current assets
Debtors
131,192,317
Short term deposit
302
Cash at bank and in hand
147,568
1,340,187
Creditors: amounts due within one year14(297,279)
Net current assets
Net assets16
Reserves
Endowment funds
18
Restricted funds
18
Unrestricted funds
General funds
18 473,867
Designated funds
18 523,447
Total funds
18		 £
1,826
159,585
2,288,298
2,449,709
1,042,908
3,492,617
2,252,701
242,602
997,314
3,492,617		 2023
£
295,835
120,247
238,196
654,278
(145,740)
358,470
259,986		 £
3,971
79,047
2,369,739
2,452,757
508,538
2,961,295
2,116,693
226,146
618,456
2,961,295

Approved by the trustees on 1st August

2024 Signed on their behalf by:

Jean Matthews (Chair)

The Bat Conservation Trust

Statement of Cash Flows

For the year ended 31 March 2024

2024 2023 £ £ £ £ Cash flows from operating activities: Net income / (expenditure) for the year 531,322 (337,358) Adjustments for: Depreciation and amortisation charges 39,572 36,271 Dividends and interest (59,185) (53,781) (Gains) / losses on investments (147,858) 253,771 (Increase) / decrease in debtors (896,482) 76,366 Increase / (decrease) in creditors 151,539 (55,559) Investment charges taken directly from cash held as part of the investment portfolio 11,945 10,746 Net cash (used in) operating activities (369,147) (69,544) Cash flows from investing activities: Bank interest received 539 118 Cash withdrawals from investments 276,000 - Purchase of intangible assets (117,965) - Net cash provided by investing activities 158,574 118 Change in cash and cash equivalents in the year (210,573) (69,426) Cash and cash equivalents at the beginning of the year 358,443 427,869 Cash and cash equivalents at the end of the year 147,870 358,443 At 1 April At 31 March Analysis of cash and cash equivalents 2023 Cash flows 2024 £ £ £ Cash at bank and in hand 238,196 (90,628) 147,568 Short term deposit 120,247 (119,945) 302 358,443 (210,573) 147,870

Analysis of change in net debt

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The Bat Conservation Trust

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies

Status

The organisation is a charitable company limited by guarantee, incorporated on 7 May 1992 and registered as a charity on 29 June 1992.

The registered office is Studio 15, Cloisters House, Cloisters Business Centre, 8 Battersea Park Road, London, England, SW8 4BG.

a) Basis of preparation

The financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS102"), the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and “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)” (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The functional currency of the financial statements is Sterling.

the income and the amount can be quantified with reasonable accuracy. Entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.

Investment income represents bank interest and dividend income, included in full in the statement of financial activities when receivable.

Revenue grants are credited to the Statement of Financial Activities when received or receivable whichever is earlier.

Where unconditional entitlement to grants receivable is dependent upon fulfilment of conditions within the charity's control, the incoming resources are recognised when there is sufficient evidence that conditions will be met. Where there is uncertainty as to whether the charity can meet such conditions, the incoming resource is deferred.

Grants for the purchase of fixed assets are credited to restricted income when probable.

Depreciation of fixed assets purchased with such grants is charged against the restricted fund. Where a fixed asset is donated to the charity for its own use, it is treated in a similar way to a restricted grant.

Fees for training courses and the annual conference are recognised in the financial statements during the year in which the conference or training course to which they relate occurred. Research contracts are recognised in the financial statements as entitlement is earned through completion of the contract.

b) Going concern

d) Fund analysis

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.

The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due. With regard to the next accounting period, the year ending 31 March 2025, the most significant areas that affect the carrying value of the assets held by the charity are the delivery of grant funded activities and securing future funding for these activities (see the risk management section of the trustees’ report for more information).

c) Income

Income from generated funds received by way of donations and member subscriptions are included in full in the statement of financial activities when probable.

Gifts in kind comprise meeting rooms and catering provided free of charge for trustee and other meetings and gifted IT services where material. Gifts in kind are included in income and expenditure at a reasonable estimate of their value to the charity, which is the price that would have had to be paid if hiring a room and paying for catering or contracting for IT services at a commercial rate on the open market. Volunteer time is not included in the financial statements.

Legacy income is accounted for on a receivable basis. A legacy is considered receivable when the charity is legally entitled to

The expendable endowment funds are funds whereby the capital sum is invested, and interest earned is used to contribute to core costs. The capital element may also be spent should sufficient need arise.

The permanent endowment funds are funds whereby the capital sum is invested, and interest earned is used to contribute to core costs. The capital element is to be retained to generate future income for the work of BCT.

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund together with a fair allocation of management and support costs.

Unrestricted funds are donations and other income receivable or generated for the objects of the charity. Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Transfers are made to and from designated funds at the discretion of the trustees. Transfers are made between restricted funds or from restricted funds to general funds only if agreement has been obtained from the donor.

e) Expenditure

Expenditure is recognised in the period in which it is incurred. Expenditure includes attributable VAT which cannot be recovered.

Expenditure is allocated to the particular activity where the cost relates directly to that activity. However, the cost of

35 |

Notes to the financial statements (continued)

overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity: Raising funds, Conferences, Biodiversity training courses and Project costs.

The costs of generating funds relate to the costs incurred by the charitable company in raising funds for the charitable work. Fundraising costs associated with raising funds for a specific charitable activity are allocated to that activity.

Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the Statement of Financial Activities in the year in which they fall due.

f) Tangible and intangible assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Computer equipment - 33% per annum on a straight-line basis.

Field equipment - 25% per annum on a straight-line basis. Furniture and fittings - 20% per annum on a straight-line basis.

Items of equipment are capitalised where the purchase price exceeds £1,000 (this has risen from £500 in 2022-23). Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Intangible assets are recognised at cost and amortised over the assets' expected useful life. The amortisation rate in use is as follows:

g) Pensions

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charity to the fund. The charity has no liability under the scheme other than for the payment of those contributions.

h) Foreign exchange rates

Transactions denominated in foreign currencies are translated into Sterling at the exchange rate ruling at the date of the transaction. Assets and liabilities in foreign currencies are translated into Sterling at the rates of exchange ruling at the end of the financial year. All exchange differences are written off to the Statement of Financial Activities.

i) Investments

Investments are stated at mid-market value at the balance sheet date. The gain or loss for the period is taken to the Statement of Financial Activities. All movements in value arising from investment changes or revaluations are shown in the Statement of Financial Activities.

j) Financial instruments

BCT has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Database - 20% per annum on a straight-line basis. Amortisation costs are allocated to activities on the basis of the use of the related assets in those activities.

2. Donations and legacies

2024 Current Year Unrestricted Restricted Total £ £ £ Membership subscriptions 173,176 - 173,176 Members' & other donations 137,142 22,232 159,374 Legacies 524,187 - 524,187 834,505 22,232 856,737 2023 Prior Year Unrestricted Restricted Total £ £ £ Membership subscriptions 159,630 - 159,630 Members' & other donations 127,674 49,221 176,895 Legacies 94,106 - 94,106 381,410 49,221 430,631

| 36

Notes to the financial statements (continued)

3. Projects and research income

2024 Current Year Unrestricted Restricted Total £ £ £ Government grants & contracts 665,183 662,832 1,328,015 Grants & contracts from other charitable bodies 51,869 159,850 211,719 717,052 822,682 1,539,734

Projects and research income: grants, contracts and donations

Project income was received in the year from the following organisations and donors:

2024 Unrestricted Restricted Total £ £ £ Animal and Plant Health Agency 13,000 - 13,000 Animal Friends 3,500 2,000 5,500 AWS Imagine - 33,104 33,104 Church of England 24,592 - 24,592 David Webster Charitable Trust - 2,000 2,000 Forestry England - 14,379 14,379 Forest Research - 136,323 136,323 Goldcrest 2,000 - 2,000 Garfield Weston - 40,000 40,000 Groundwork - 17,745 17,745 HDH Wills 1965 Charitable Trust - 20,000 20,000 John Ellerman Foundation - 45,000 45,000 Joint Nature Conservation Committee 276,147 - 276,147 Ministry of Justice - 40,132 40,132 National Lottery Heritage Fund - 300,485 300,485 Natural England 376,329 147,514 523,843 NatureScot - 24,000 24,000 Vistry Group 12,500 - 12,500 Other grants and contracts 8,984 - 8,984 717,052 822,682 1,539,734 2023 Prior Year Unrestricted Restricted Total £ £ £ Government grants & contracts 507,599 344,857 852,456 Grants from other charitable bodies 31,561 101,158 132,719 539,160 446,015 985,175

37 |

Notes to the financial statements (continued)

3. Projects and research income (continued)

Projects and research income - grants, contracts and donations

Project income was received in the year from the following organisations and donors:

2023 Unrestricted Restricted Total £ £ £ Animal and Plant Health Agency 10,000 - 10,000 Animal Friends – BCT Helpline - 2,500 2,500 Bentley Barn Building Preservation Trust - 4,648 4,648 Bushy Park and Longford River analysis and report 3,995 - 3,995 Cecil Pilkington Charitable Trust 6,000 - 6,000 Centre for Ecology & Hydrology 1,500 - 1,500 Chapman Charitable Trust - 1,000 1,000 David Webster Charitable Trust - 4,000 4,000 Druid - 1,417 1,417 Ernest Kleinwort - 12,195 12,195 Esmée Fairbairn Foundation - 41,250 41,250 Forestry England 13,694 - 13,694 Forest Research 67,329 - 67,329 Government of Jersey 2,501 - 2,501 Joint Nature Conservation Committee (JNCC) 157,864 81,067 238,931 Kathleen Beryl Sleigh Charitable Trust 5,000 - 5,000 National Lottery Heritage Fund - 123,475 123,475 Natural England 250,930 114,131 365,061 Natural Resources Wales 5,281 - 5,281 NatureScot - 23,658 23,658 Purbeck Favourable Conservation Status work 1,288 - 1,288 Rufford Foundation - 8,576 8,576 John Swire 1989 Charitable Trust - 25,000 25,000 Vistry Group 10,000 - 10,000 Other grants and contracts 3,778 3,098 6,876 539,160 446,015 985,175 4. Total expenditure Costs of Membership Training courses Projects and Governance Other 2024 raising funds support Conferences and meetings research (note 6) support costs Total (note 5) (note 6) Current Year £ £ £ £ £ £ £ £ Salaries & temporary staff (note 8) 99,098 35,476 8,429 42,795 1,127,710 6,422 203,238 1,523,168 Travel & training 9,425 272 2,849 1,012 38,715 1,818 27,230 81,321 Advice & other project costs 17,982 8,896 - 34,901 182,180 - 17,067 261,026 Publications & events 1,037 7,809 51,586 23,366 21,913 - 360 106,071 Premises - - - - 1,940 - 47,119 49,059 Other costs 13,195 6,993 7,536 1,797 52,215 12,200 167,283 261,219 140,737 59,446 70,400 103,871 1,424,673 20,440 462,297 2,281,864 Support costs allocated to activities 34,599 12,996 4,406 15,373 394,923 - (462,297) - Governance costs allocated 1,530 575 195 680 17,460 (20,440) - - to activities Total 176,866 73,017 75,001 119,924 1,837,056 - - 2,281,864 Costs of Membership Training courses Projects and Governance Other 2023 raising funds support Conferences and meetings research (note 6) support costs Total (note 5) (note 6) Prior Year £ £ £ £ £ £ £ £ Salaries & temporary staff (note 8) 87,138 33,602 9,172 30,921 840,926 5,816 196,213 1,203,788 Travel & training 467 185 2,168 2,282 26,131 1,569 24,187 56,989 Advice & other project costs 8,223 8,494 - 23,919 111,199 - 10,005 161,840 Publications & events 3,085 9,674 40,241 21,041 11,286 - 61 85,388 Premises - - - - 2,434 - 36,647 39,081 Other costs 13,085 12,838 7,117 664 39,183 9,700 143,599 226,186 111,998 64,793 58,698 78,827 1,031,159 17,085 410,712 1,773,272 Support costs allocated to activities 31,977 12,075 8,073 10,881 347,706 - (410,712) - Governance costs allocated to activities 1,330 502 336 453 14,464 (17,085) - - Total 145,305 77,370 67,107 90,161 1,393,329 - - 1,773,272 | 38

Notes to the financial statements (continued)

5. Projects and research costs

2024 Current Year Unrestricted Restricted Total £ £ £ Bat Groups’ Support & Public Education 78,775 78,099 156,874 Biodiversity Projects 642,833 406,842 1,049,675 National Bat Monitoring Programme 233,531 129,602 363,133 Research projects 58,025 209,349 267,374 1,013,164 823,892 1,837,056 2023 P rior Year Unrestricted Restricted Total £ £ £ Bat Groups’ Support & Public Education 30,530 36,505 67,035 Bat Projects in Wales 33,434 7,991 41,425 Biodiversity Projects 570,643 199,597 770,240 International Projects 4,475 1,600 6,075 National Bat Monitoring Programme 128,915 7,847 136,762 Research projects – Bat conservation 137,284 168,249 305,533 Scottish Bat Project 41,829 24,430 66,259 947,110 446,219 1,393,329

6. Governance and other support costs

2024 2023 £ £ Analysis of governance costs: Governance staff costs 6,422 5,816 Audit fee 12,200 9,700 Trustee expenses and meeting costs 1,818 1,569 20,440 17,085 Analysis of other support costs: Salaries 203,238 188,306 Non-salary staff costs 39,018 35,215 Conference costs 360 61 Membership costs 1,028 194 Property 47,119 36,530 IT costs 20,722 12,649 Office running costs 30,771 31,853 Insurance 22,213 20,232 Legal fees 350 - Depreciation and amortisation 39,572 36,271 Outsourced finance & payroll 40,602 40,917 Irrecoverable VAT 11,688 3,160 Bank charges 5,616 5,324 462,297 410,712

39 |

Notes to the financial statements (continued)

7. Net income / (expenditure) for the year

2024 2023 £ £ This is stated after charging: Depreciation and amortisation 39,572 36,271 Operating lease costs 27,059 13,603 Trustees' expenses (2024:4 trustees) (2023:5 trustees) 1,817 1,569 Trustee indemnity insurance 1,724 1,655 Auditors' remuneration – audit services 12,200 9,700

Expenses reimbursed to trustees relate to travel and subsistence costs relating to both attendance at trustees' meetings and other operational work carried out in furtherance of the Trust's objects. No trustees were reimbursed for their services as trustees during the year (2023: no trustees reimbursed).

8. Staff numbers and costs

The aggregate payroll cost of these persons was as follows:

2024 2023 £ £ Wages and salaries 1,357,984 1,072,814 Social security costs 113,312 91,094 Employer's pension contributions 48,473 39,880 Redundancy payments 3,399 - 1,523,168 1,203,788

No employees earned in excess of £60,000 in this year or the prior year.

The key management personnel of the Charity comprise the trustees and the Senior Management Team. The total employee benefits of the key management personnel of the Charity were £146,006. (2023: £145,130).

The average number of employees (head count based on number of staff employed and excluding trustees who are all nonexecutive) during the year were as follows:

Number of employees

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|||| |---|---|---| |2024|2023| |No.|No.| |Support and governance|3|3| |Direct charitable activities|46|40| |49|43|

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9. Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

| 40

Notes to the financial statements (continued)

10. Fixed assets

Furniture and Computers Field fittings equipment Total Cost £ £ £ £ At the start of the year 3,174 11,835 16,428 31,437 At the end of the year 3,174 11,835 16,428 31,437 Depreciation At the start of the year 1,682 10,512 15,272 27,466 Charge for the year 417 1,271 457 2,145 At the end of the year 2,099 11,783 15,729 29,611 Net book value at the end of the year 1,075 52 699 1,826 Net book value at the start of the year 1,492 1,323 1,156 3,971 Prior Year Furniture and fittings Computers Field equipment Total Cost £ £ £ £ At the start of the year 3,174 11,835 16,428 31,437 At the end of the year 3,174 11,835 16,428 31,437 Depreciation At the start of the year 1,265 8,364 14,814 24,443 Charge for the year 417 2,148 458 3,023 At the end of the year 1,682 10,512 15,272 27,466 Net book value at the end of the year 1,492 1,323 1,156 3,971 Net book value at the start of the year 1,909 3,471 1,614 6,994 11. Intangible assets CRM database App development Total Cost £ £ £ At the start of the year 121,122 45,121 166,243 Additions during the year 86,180 31,785 117,965 At the end of the year 207,302 76,906 284,208 Amortisation At the start of the year 72,673 14,523 87,196 Charge for the year 26,779 10,648 37,427 At the end of the year 99,452 25,171 124,623 Net book value at the end of the year 107,850 51,735 159,585 Net book value at the start of the year 48,449 30,598 79,047 Prior Year CRM database App development Total Cost £ £ £ At the start of the year 121,122 45,121 166,243 Cost at the end of the year 121,122 45,121 166,243 Amortisation At the start of the year 48,449 5,499 53,948 Charge for the year 24,224 9,024 33,248 At the end of the year 72,673 14,523 87,196 Net book value at the end of the year 48,449 30,598 79,047 Net book value at the start of the year 72,673 39,622 112,295

Notes to the financial statements (continued)

12. Investments

Listed investments Cash in portfolio Total £ £ £ At the start of the year 2,307,671 62,068 2,369,739 Additions at cost 679,043 (679,043) - Less disposals at carrying value (901,442) 625,442 (276,000) Dividend income - 58,646 58,646 Portfolio costs - (11,945) (11,945) Net gain on revaluation 147,858 - 147,858 At the end of the year 2,233,130 55,168 2,288,298 Prior year Listed investments Cash in portfolio Total £ £ £ At the start of the year 2,518,077 62,516 2,580,593 Additions at cost 260,775 (260,775) - Less disposals at carrying value (217,410) 217,410 - Dividend income - 53,663 53,663 Portfolio costs - (10,746) (10,746) Net loss on revaluation (253,771) - (253,771) At the end of the year 2,307,671 62,068 2,369,739 Listed Investments comprise: 2024 2023 £ £ UK Corporate Bonds 882,628 938,786 UK Equity Growth 239,879 476,554 UK Equity Income 550,439 320,156 International Equity 338,754 343,237 Emerging Markets Equity 221,430 228,938 2,233,130 2,307,671

The investments listed on a recognised stock exchange comprise the amounts held at fair value through profit or loss.

13. Debtors: amounts falling due within one year

2024 2023 £ £ Trade debtors 366,150 159,678 Other debtors 18,570 6,142 Accrued income 760,487 100,640 Prepayments 47,110 29,375 1,192,317 295,835 14. Creditors: amounts falling due within one year 2024 2023 £ £ Trade creditors 59,402 39,799 Other taxes and social security 89,308 35,209 Accruals 85,327 32,142 Deferred income 27,206 10,000 Other creditors 36,036 28,590 297,279 145,740 Deferred income comprises course and event income paid in advance. 2024 2023 £ £ Balance at the beginning of the year 10,000 9,661 Amount released to income in the year (10,000) (9,661) Amount deferred in the year 27,206 10,000 27,206 10,000

| 42

Notes to the financial statements (continued)

15. Operating lease commitments

The charity had commitments at the year end under operating leases as set out below:

2024 2023 Land & buildings £ £ - Not later than one year 24,200 7,333 - Later than one year and not later than five years 8,067 - Other - Not later than one year 1,162 3,486 - Later than one year and not later than five years - 1,162 16. Analysis of net assets between funds Current Year Unrestricted funds Restricted funds Endowment funds 2024 Total funds £ £ £ £ Tangible fixed assets 1,826 - - 1,826 Intangible fixed assets 159,585 - - 159,585 Investments 35,597 - 2,252,701 2,288,298 Net current assets 800,306 242,602 - 1,042,908 Net assets at the end of the year 997,314 242,602 2,252,701 3,492,617 Prior Year Unrestricted funds Restricted funds Endowment funds 2023 Total funds £ £ £ £ Tangible fixed assets 3,971 - - 3,971 Intangible fixed assets 79,047 - - 79,047 Investments 253,046 - 2,116,693 2,369,739 Net current assets 282,392 226,146 - 508,538 Net assets at the end of the year 618,456 226,146 2,116,693 2,961,295

17. Contingent assets

At the end of the year, we have been notified that we are entitled to funds from a total of one (2023: two) residual legacies. However, as at 31 March 2024, we had not been notified as to the value of our entitlement or when this would be received. As such we are not able to recognise these funds in the financial statements for the year.

43 |

Notes to the financial statements (continued)

18. Movements in funds

Current Year At 1 April Income Expenditure Gains on Transfers At 31 2023 investments between March funds 2024 £ £ £ £ £ £ Vincent Weir endowment funds: Expendable endowment fund 1,819,696 - (9,650) 126,581 - 1,936,627 Permanent endowment fund 296,997 - (1,584) 20,661 - 316,074 Total endowment funds 2,116,693 - (11,234) 147,242 - 2,252,701 Restricted funds: Animal Friends – Bat Helpline - 2,000 (2,000) - - - AWS Imagine - SCS development - 33,104 (2,325) - - 30,779 Bad Wolf - Woodland Hope project 10,000 - - - - 10,000 Bat Group appeals - Wildlife Crime - 12,191 (12,191) - - - Bat Ringing Project 32,173 5,588 (23,343) - - 14,418 Chapman Charitable Trust 1,000 - (1,000) - - - David Webster Charitable Trust 2,000 2,000 (2,000) - - 2,000 Druid 1,417 - (1,417) - - - Ernest Kleinwort - Nightwatch 5,094 - (3,402) - 400 2,092 Esmée Fairbairn Foundation - Nightwatch 80,841 - (49,563) - (3,816) 27,462 Esmée Fairbairn Foundation - Planning 900 - (900) - - - Forest Research - NFI Bat survey - 136,323 (136,323) - - - Forestry England - Monitoring - 14,379 (9,310) - 3,416 8,485 Garfield Weston - Bat Group support - 40,000 (10,000) - - 30,000 Groundwork - New to Nature - 17,745 (17,745) - - - HDH Wills 1965 Charitable Trust - Bat groups - 20,000 (3,333) - - 16,667 JNCC – Monitoring 20,805 - (20,805) - - - John Ellerman Foundation - Policy - 45,000 (18,750) - - 26,250 John Swire 1989 Charitable Trust - CPL 25,000 - - - - 25,000 Kate Barlow Research Award 15,192 1,169 (2,404) - - 13,957 Ministry of Justice - Wildlife Assessment - 40,132 (40,132) - - - National Lottery Heritage Fund - Bats in Churches - 66,573 (64,845) - - 1,728 National Lottery Heritage Fund - CPL - 99,684 (99,684) - - - National Lottery Heritage Fund - Natur am Byth - 18,576 (18,576) - - - National Lottery Heritage Fund - Species on the Edge - 51,230 (51,230) - - - National Lottery Heritage Fund - Woodland Hope - 64,422 (64,422) - - - Natural England - Airborne DNA - 14,000 (14,000) - Natural England - Biodiversity - 14,418 (14,418) - - - Natural England - CPL 10,000 - - - - 10,000 Natural England - Offshore project - 16,286 (16,286) - - - Natural England - Partnerships - 15,000 (15,000) - - - Natural England - Science & Monitoring 10,248 53,922 (47,344) - - 16,826 Natural England - Seedcorn - 33,130 (33,130) - - - Natural England - Threatened Species Recovery Action - 758 (758) - - - NatureScot – Scottish Bat Project - 24,000 (24,000) - - - Other restricted project income - 560 (560) - - - Other trusts and donations - BCT Helpline - 4,274 (4,274) - - - Rufford Foundation - Bats and Health 11,476 - (4,538) - - 6,938 Total restricted funds 226,146 846,464 (830,008) - - 242,602

| 44

Notes to the financial statements (continued)

18. Movements in funds (continued) At 1 April Income Expenditure Gains on Transfers At 31 2023 investments between March funds 2024 £ £ £ £ £ £ Unrestricted funds: Designated funds: Bats in Churches Advisor - 329 - - - 329 BCT Roost Partnership 6,804 2,629 (4,233) - - 5,200 Database Project 62,735 - (62,735) - - - Digital fundraising and fundraising capacity 15,000 - (15,000) - - - Equity, Diversity, and Inclusion 730 - (730) - - - Fundraising Consultant 2,000 - (2,000) - - - Helpline Database Money 11,564 - (11,564) - - - JNCC – NBMP 24,834 - (24,834) - - - Natural England – Helpline - 16,282 (16,282) - - - NBMP 1,045 7,845 (8,890) - - - Night Vision Aid Guidance - 1,725 - - - 1,725 Organisational development fund 130,000 415,414 (130,000) - - 415,414 Principal Ecologist at Ministry of Justice 1,400 - (1,400) - - - Technology investment - 100,000 - - - 100,000 Woodland 3,874 94 (3,189) - - 779 259,986 544,318 (280,857) - - 523,447 General funds 358,470 1,274,546 (1,159,765) 616 - 473,867 Total unrestricted funds 618,456 1,818,864 (1,440,622) 616 - 997,314 Total funds 2,961,295 2,665,328 (2,281,864) 147,858 - 3,492,617 Prior Year At 1 April Income Expenditure Losses on Transfers At 31 March 2022 investments between funds 2023 £ £ £ £ £ £ Vincent Weir endowment funds: Expendable endowment fund 2,028,166 - (9,024) (199,446) - 1,819,696 Permanent endowment fund 331,031 - (1,481) (32,553) - 296,997 Total endowment funds 2,359,197 - (10,505) (231,999) - 2,116,693 Restricted funds: Animal Friends – Bat Helpline - 2,500 (2,500) - - - Bat Group appeals - 3,490 (3,490) - - - Bat Ringing Project - 13,500 (2,742) - 21,415 32,173 Chapman Charitable Trust - 1,000 - - 1,000 David Webster Charitable Trust – Bats and Buildings - 4,000 (2,000) - - 2,000 Druid - 1,417 - - - 1,417 Ernest Kleinwort – NightWatch - 12,195 (7,101) - - 5,09 4 Esmée Fairbairn Foundation – NightWatch 103,555 41,250 (63,964) - - 80,841 Esmée Fairbairn Foundation – Planning 4,000 - (3,100) - - 900 Garfield Weston – Bat Helpline 10,417 - (10,417) - - - JNCC – BBatS - 40,515 (30,264) - - 10,251 JNCC – NBMP - 30,549 (29,995) - - 554 JNCC – Genetics - 10,000 - - - 10,000 John Swire 1989 Charitable Trust - 25,000 - - - 25,000 Kate Barlow Research Award 16,814 50 (1,672) - - 15,192 Kickstarter Funding - 6,754 (6,754) - - - National Lottery Heritage Fund – Natur am Byth - 7,991 (7,991) - - - National Lottery Heritage Fund – Bats in Churches - 104,018 (104,018) - - - National Lottery Heritage Fund – Species on the Edge - 11,466 (11,466) - - - Natural England – Biodiversity - 43,631 (43,631) - - - Natural England – People & Landscapes - 10,000 - - - 10,000 Natural England – Science & Monitoring 1,060 45,500 (36,312) - - 10,248

45 |

Notes to the financial statements (continued)

18. Movements in funds (continued) At 1 April Income Expenditure Losses on Transfers At 31 March 2022 investments between funds 2023 £ £ £ £ £ £ Natural England – Partnerships - 15,000 (15,000) - - - NatureScot – Scottish Bat Project - 23,658 (23,658) - - - Rufford Foundation – Bats and Health - 11,476 - - - 11,476 Rufford Foundation – Helpline 1,600 - (1,600) - - - Rufford Foundation – International 4,500 (2,900) (1,600) - - - Wildlife Crime - 6,271 (6,271) - - - Woodland Hope Project - 10,000 - - - 10,000 Other restricted project income 27,981 3,530 (8,478) - (23,033) - Other restricted project income – Bat Groups - 11,155 (12,773) - 1,618 - Other trusts and donations – Bat Helpline - 11,422 (11,422) - - - Total restricted funds 169,927 504,438 (448,219) - - 226,146 Unrestricted funds: Designated funds: BCT Roost Partnership 7,117 3,467 (3,780) - - 6,804 Database Project 75,333 - (12,598) - - 62,735 Designated project funds 10,773 - - - (10,773) - Digital fundraising and fundraising capacity 15,000 - - - - 15,000 EDI - Equity, Diversity, and Inclusion 3,159 - (2,429) - - 730 Fundraising Consultant - - - - 2,000 2,000 Helpline Database Money - - - - 11,564 11,564 JNCC – NBMP 2,564 - - - 22,270 24,834 Natural England – Helpline 12,947 - (12,947) - - - NBMP - 6,367 (10,918) - 5,596 1,045 Organisational development fund 140,000 25,000 (35,000) - - 130,000 Principal Ecologist at Ministry of Justice - - (3,600) - 5,000 1,400 Woodland - 1,779 (1,779) - 3,874 3,874 266,893 36,613 (83,051) - 39,531 259,986 General funds 502,636 1,148,634 (1,231,497) (21,772) (39,531) 358,470 Total unrestricted funds 769,529 1,185,247 (1,314,548) (21,772) - 618,456 Total funds 3,298,653 1,689,685 (1,773,272) (253,771) - 2,961,295

Purposes of expendable endowment funds

The funds were donated by Vincent Weir to be invested to generate income for use to support core costs.

Purposes of permanent endowment funds

The Bat Conservation Trust Fund was established by trust deed dated 31 October 2006, so that the income only may be used to advance the charitable purposes of BCT. Under a charity commission scheme dated 31 March 2010 the funds are treated as forming part of BCT for the purposes of registration and accounting.

Purposes of restricted funds

. Animal Friends – Bat helpline To support the bat care work of the BCT helpline.

AWS Imagine – SCS development To further develop Sound Classification System. Bad Wolf - Woodland Hope project Funding to study the health of woodland habitats in Wales. Bat Group appeals – Wildlife Crime To support the work of the Wildlife Crime project.

Bat Ringing Project Funding for the Ring the Changes project. Chapman Charitable Trust Funding for the NightWatch project.

David Webster Charitable Trust Contributes towards the development of best practice lighting guidance for industry.

| 46

Notes to the financial statements (continued)

18. Movements in funds (continued) Purposes of restricted funds (continued)

Druid To advise a NERC funded project to understand and predict the crossecosystem impacts of insect decline on ecosystem services and natural capital. Ernest Kleinwort – NightWatch Funding towards the NightWatch project. Esmée Fairbairn Foundation – NightWatch To develop an inclusive, engagement-focused community science bat survey. Esmée Fairbairn Foundation – Planning Raising the profile of biodiversity in the planning system – a multi-species partnership project. Forest Research – NFI Bat survey To deliver the NFI Bat Survey, and support related work including development and improvement of a woodland soundscape classification algorithm. Forestry England – Monitoring Collection of baseline data via passive acoustic monitoring from Forestry England sites undergoing forest wilding and sharing of data with NBN Atlas. Garfield Weston – Bat Group support Towards bat group support and training in England, Wales and Scotland. Garfield Weston – Bat Helpline To contribute towards the running of the National Bat Helpline. Groundwork – New to Nature Funding for a paid work placement focusing on engaging under-represented audiences in the NBMP. HDH Wills 1965 Charitable Trust – Bat groups Towards bat group support and training in England, Wales and Scotland. JNCC – Monitoring (Bbats, NBMP and Genetics combined) Funding for development and delivery of the British Bat Survey. Funding for a citizen science programme for monitoring bats in the UK. Contribution towards understanding historic declines in bat populations. John Ellerman Foundation – Policy Funding towards work on core policy and advocacy through engagement with politicians and responding to consultations. John Swire 1989 Charitable Trust - CPL Funding towards the Connecting People and Landscapes project. Kate Barlow Research Award Award granted to a postgraduate student to conduct a substantive bat research project and to honour the late Dr Kate Barlow's contribution to bat conservation. Kickstarter Funding Payment from Government Kickstarter Scheme to contribute toward salaries of Kickstarters at BCT. Ministry of Justice – Wildlife Assessment Funding to support update of Wildlife Assessment Check. National Lottery Heritage Fund – Bats in Churches Partnership project put in place to provide solutions to issues with bats in churches in England. National Lottery Heritage Fund – CPL Funding for the development phase of the project Connecting People and Landscapes in a Changing Climate, aiming to bring together farmers and communities to improve outcomes for bats and other wildlife. National Lottery Heritage Fund – Natur am Byth Funding for the development phase of Wales' flagship Species Recovery project. National Lottery Heritage Fund – Species on the Edge Funding for the Species on the Edge programme; a partnership project to help vulnerable species on Scotland's coast and islands. National Lottery Heritage Fund – Woodland Hope Funding to study the health of woodland habitats in Wales. Natural England – Airborne DNA Funding to identify a set of functional primer assays for use with British bat species, and establish the sample duration needed to detect an airborne DNA signal at increasing distances from a bat roost in a woodland context. Natural England – Biodiversity Work to deliver objectives including implementation of actions for priority species, provision of engagement, training and guidance and raising the profile of bat conservation. Natural England – Connecting People & Landscapes Funding towards the Connecting People and Landscapes project. Natural England – Offshore project Investigating bat migration and the impact of offshore wind through a literature and evidence review, workshop organisation, engagement with stakeholders and production of a report. Natural England – Partnerships To contribute towards employing a Bat Groups Officer who provides support to local bat groups. Natural England – Science and Monitoring To contribute towards the NBMP and other monitoring and research work. Natural England – Seedcorn Purchase equipment, test monitoring options and pilot a passive acoustic monitoring survey on farmland.

47 |

Notes to the financial statements (continued)

18. Movements in funds (continued)

Purposes of restricted funds (continued)

Natural England – Threatened Species Recovery Action Funding for production of Threatened Species Recovery Actions plans for 12 bat species for Natural England. NatureScot – Scottish Bat Project To contribute towards developing and carry out our conservation and partnership work in Scotland. Other restricted project income Amalgamated small donations restricted to particular projects. Other restricted project income - Bat groups Funds to support the bat group work. Other trusts and donations – BCT Helpline Donations to contribute towards the running of BCT's Helpline. Rufford Foundation – Bats and Health Funding for "Don't Blame Bats - Setting the Story Straight" campaign to provide accurate science-based communications. Rufford Foundation – Helpline Contribution to BCT staff time in supporting Malawian bat helpline. Rufford Foundation – International Contribution to training, development, and salaries of staff on Malawian bat helpline. Wildlife Crime Contributions to improving wildlife crime prevention and providing support to the police, Crown Prosecution Service, ecologists, and the public in bat crime cases. Purposes of designated funds Bats in Churches Advisor To administer support for churches and training for volunteers. BCT Roost partnership To contribute towards bat box monitoring projects. Database Project A fund set aside for the amortisation of the investment in our current website and customer relationship management (CRM) system. The website will be updated and make it more effective and accessible, and the new CRM system will make our fundraising more efficient and improve the way we engage with members, donors, and supporters. Designated project funds Funds received in the previous year earmarked for specific projects during 23-24. Digital fundraising and fundraising capacity Investment into digital marketing to generate more income and increase our fundraising capacity more broadly. EDI - Equity, Diversity and Inclusion To support the equity, diversity and inclusion work at BCT. Fundraising Consultant To address the lack of fundraising capacity, we worked with a fundraising consultancy. Helpline Database Money To contribute to the development of a new Helpline database. JNCC - NBMP For work on the National Bat Monitoring Programme. Natural England – Helpline Contribution towards Natural England Bat Advice Service. NBMP For work on the National Bat Monitoring Programme. Night Vision Aid Guidance Staff time to work on Night Vision Aid Guidance document. Organisational development fund Fund to be used strategically for specific projects, capacity or other organisational requirements. Principal Ecologist at Ministry of Justice To fund ecological support work. Technology Investment To contribute towards development of a new Helpline database. Woodland Contributions towards woodland bats work.

19. Related party transactions

During the year ended 31 March 2024 it was agreed that Annika Binet, a trustee of the Bat Conservation Trust, would engage to provide bat surveying services to BCT and that payment would be made to her in respect of these services, not in respect of her work as a trustee. The board of trustees (excluding Annika Binet) are satisfied that Annika is best placed in terms of both location and expertise to provide this service and that the amount charged represents value for money and is at or below commercial rate. Amounts paid to Annika Binet in respect of the above in the year ended 31 March 2024 were £525 (2023: £400). At year end £525 (2023: £nil) was outstanding.

During the year aggregate donations from related parties totalled £526 (2023: £396).

There were no other related party transactions outside the normal course of business in the current or preceding year.

| 48

Notes to the financial statements (continued)

20. Prior year statement of financial activities

Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2023

Unrestricted Restricted Endowment Total £ £ £ £ Income Income from generated funds Donations and legacies 381,410 49,221 - 430,631 Investment income 53,781 - - 53,781 Income from charitable activities Conferences 69,451 - - 69,451 Training courses and meetings 113,240 - - 113,240 Projects and research 539,160 446,015 - 985,175 Other activities 28,205 9,202 - 37,407 Total income 1,185,247 504,438 - 1,689,685 Expenditure Expenditure on raising funds Membership support 77,370 - - 77,370 Costs of raising funds 132,800 2,000 10,505 145,305 Expenditure on charitable activities Conferences 67,107 - - 67,107 Training courses & meetings 90,161 - - 90,161 Project and research costs 947,110 446,219 - 1,393,329 Total expenditure 1,314,548 448,219 10,505 1,773,272 Net (expenditure) / income before net losses on investments (129,301) 56,219 (10,505) (83,587) Net losses on investments (21,772) - (231,999) (253,771) Net (expenditure) / income for the year (151,073) 56,219 (242,504) (337,358) Net movement in funds (151,073) 56,219 (242,504) (337,358) Reconciliation of funds Total funds brought forward 769,529 169,927 2,359,197 3,298,653 Total funds carried forward 618,456 226,146 2,116,693 2,961,295

49 |

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The Bat Conservation Trust is a registered charity in England and Wales (1012361) and in Scotland (SC040116). Company Limited by Guarantee. Registered in England No: 2712823. Registered office: Studio 15 Cloisters House, Cloisters Business Centre, 8 Battersea Park Road, London SW8 4BG. Vat Reg No: 877158773.