PLANTLIFE INTERNATIONAL- THE WILD PLAI CONSERVATION CHARITY Annual Report and Consolidated Financial Statements Year Ended 31 March 2024 Company Number: 3166339 (England & Wales) Charity Number: 1059559 {England & Wales) Charity Number: SC038951 {Scotlandl
PLAILIFE INTERNATIONAL-THE WI, D PLANT CONSERVATION CHARtrY Annual Report and Consolldated Flnanclal Statements for the year ended 31 March 2024 Contents Reference and Administrative Detsils Trustees, Report 19 Auditorfs Report 23 Consolldated Statement of Financial Activity 25 Consolidated Balance Sheet 26 Charitsble Company Balance Sheet 27 Consolidated Cash Flow Statement 28 Principal Accounting Policies 33 Notes to the Financial Statements
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVAfioN CHARITY Annual Report and Consolidated Flnanclal Statementsfor the year ended 31 March 2024 Reference and Administrative Details Presldent Registered name Plantlife Internatlonal-The Wild Plant Philip Mould OBE Vlce Presldent Conservation Charltv Rachel de Thame Prlnclpal and Re81stered Office Brewery House, 36 Milford Street, Salisbury. Wiltshire, SPI 2AP Chalr Prof D3vld Hlll CBE resigned 11 October2023 David Daniels appointed 11 October2023 Company Number 3166339 Ice Chalr Dr Tim Stowe resigned 24 March 2024 Charlty Number (England & Wales) 1059559 Hien Vi Luong Treasurer Charlty Number {Scotlandl SC038951 Ann Rowswell resigned 27 March 2024 Philip Wilson oppointed 27 March 2024 Webslte Other Trustees www.plantlife.org.uk Prof Sallie Bailey oppointed 27 Murch 2024 Twitter Amy Hammond @LoveJlants Patrick James resigned 17April 2023 Fa<el)ook James Jansen @LovePlantlife Timothyjones Instagram plantllfe.loveplants Dr1111 Kowal Dr julia Knights oppointed 27 March 2024 Llnkedln Hien Vi Luong Plantlffe International Anthony Payne Audltors Saffery LLP, Mldlané House, 2 Poole Rd, Bournemouth, BH2 SQY Dr Rosetta Plummer SallyThomas Principal bankers Unity Trust Investment Bank, Nine Brindley Place, 4 Oozells Square, Blrmlngham, Bl 2HB Chlef Exe¢utlve Investment managers Investec, Quayside House, Canal Wharf, Leeds, LSII SPU lan Dunn resigned 30 september 2024 Company Secretary Nicola Savage Solldtors resigned 15 November 2024 CMS Cameron M¢Kenna Nabarro Olswang LLP, Cannon Place, 78 Cannon Street, London, EC4N 6AF
PLAWTLIFE INTERNATIONAL-THE Wlb D PLANT CONSERVATION CHARirY Annual Report and Consolidated Flpancial Statements fortheyearended 31 Marth 2024 Trustees, Report The twstees of Plantllfe Internatlonal present thelr Annual Report for the year @nded 31 March 2024 intluding the Directors, and Strategic Reports. together with the audited financial statements for the year. The flnanclal ststements set out on pages 23 to 27 have been prepared in accordante with the accountlng policies set out on pages 28 to 32 and comply with the charity's Articles of Association, the Companles Act 2006, the Charities and Trustee Investment Iscotlandl Act 2005, the Charitie5 Accounts (Scotlandl Regulatlon5 2006 las 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 IFR5 1021" la5 amended for accounting periods commencing from I january 20191. Structure and charitable objects Constltutlon Plantlife International - The Wild Plant Conservation Charity Ihereofter referred to os Plontlife? is constituted as a company Ilmlted byguarantee, registered in England number 3166339. It is a charity registered with the Charity Commission in England and Wales under charity number 1059559 and with the Office of the Scottish Charity Regulator under charity number SC038951. The trustee5 have no interest in the shares or debentures of the company, nor any right to subscribe for such shares or debentures. Plantllfè Is governed by its Articles of Assotiation. Established in 1989, Plantlife is dedlcated to conseThing plants and fungi In their natural habitats and helpin8 people to enjoy and learn about them. Charltable Objerts The objects of Plantlife are set out In Its Articles of Association and are to.. promote and undertake, for the public benefft, the conservation of plants educate the public so as to increase their knowledge, undeistandlng and appreciation of plants and fungi, and theSr awareness of their value and the need for their conservation promote anil undertake, for the public benefit, the establishment and maintenance of places of botanical Interest for the cultlvatlon and preservation of plants promote. organlse and vndertake Study and research in the principles and practice of the conservatlon of plants and fungi and their uses, provided that all the Lsseful results of such research shall be publlshed promote such othercharitable objectsorcharltable purp05e5 which are conducive tothe aforesald objects, asthe Board may from time to time in its dlscretion determine. Plantlife is increasingly aware of the importance of fungi In the delivery of its objects and has therefore Included mention of fungi in the above. Subsldlary Companles At 31 March 2024 the Charity had one subsldS3ry company- Plantlrfe Trading Limited IPTLI. company number 02742265. Plantlife Trading Limited delivers a range of chargeable servSces and non-core actlvltles, always with the furtheran of Plantlrfe's mlsslon at its heart. P05tyear end. on 3rd April 2024, the charlty registered a second SLsbsidiary company- Plantlife Biodiversity Enhancements Limited IPBELI, to further our biodiversity enhancement tiTICatIon and accreditation buslness. Both businesses are wholly owned subsidiaries of Plantlife and abide by Plantlrfe's pollcles and pr0dureS. The work of each
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolidated Finan¢i81 Ststements forthe year ended 31 March 2024 subsidiary is overseen by separate boards of directors which are accountable to their shareholdei - Plantlife with day-to- day wnanagement (Jelegated to the managir)g director of each buslness. Publlc Benefit The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit and have considered how our aims and activities demonstrate this, in fulfilling our charitable objects. Plantlife provide5 multiple benefits for the public which are wide-ranging and long-lastin& including= Free access to all of our nature reserve5 acr055 the UK Influen¢in8 policy and pollticians for the benefit of a heafthier natural world Campaigning for positive change.. No Mow May, road verge management, removing peat from commercial use, redtscing nltrogen pollutlon In our rivers and on land Botanical training courses and engagement opportunities Public speaking and lecture series Broad communications on plant5 and fungi acr055 many media platforms Enabling partner organisations to be as effective as possible in plant and fungi conservation Speakin8 up for plants and fun81 Grant making Grants may be awarded as part of larger partnership projects where Plantlife is the catalyst and enabler, bringing together partles to providè a grèater positive impact on nature than could be achieved independently. Custodlan Trusteeship No assets were held as custodian trustee durlng thls reporting period or any other. Governance and management The direttors of the company, who a the charity trustees, form the Board of Plantlife which is the governing body for the organisation. Appointment and Induttion of Trustees The directors (who are also referred to a5 board members and trustees) are elected for a maxlmum seven-year term, with an initial period of four years followed by a possible reappointment for a further three years. Board members who stand down after their initial period of appointment en(Is are eligible for re-election unless they have served two successive periods, in which case they can only be re-elected 35 a trustee in exceptional circumstances. They may be re-elected as Chair, Wice Chair or Treasurer. Board members elect the Chair, Vice-chair and Treasurer, at their next meetlng following the AGM. New trustees are recruited in accordance with the ly)ard member recruitment pollcy, which aims to promote open and incluswe recruitment and identifies the attribLrtes, skills and expertise looked for in potential trustees. The policy works in tandem with the procedure for nomination of new member5 to the Board. Trustee vacancies are advertised widely in public environmentsl and charitable arenas. Applicants are shortli5ted for interview by the Chair and two other trustees, and those chosen as a result of the interview process are appointed after receipt of 53tisfactory references. This enables the suitabtlity of potential trustees to be assessed with reference to the particular skills needed at that point in time and ensures that they understand the role of board member before final confirmation of their nomination is made.
PLANTUFE INTERWATIONAL-THE WILD PLAIU CONSERVATION CHARtrY Annual Report and Consolidated Finan¢lal Statements for the year 31 Mar¢h 2024 Once elected, new trustees follow a formal induction PTOEramme, including meeting the members of the staff team. New trustees also receive an introduction on becoming a charity trustee and company director. Twstees are provlded regularly with internal and external information relevant to charity law and governance. In addltlon, the Board aims to identify knowledge gaps through a regular skllls audlt alongside Its annual performBt)ce review process. The Worklng of the Board and Its Commlttees Trustees are responsible for the proper governance of the Charity and determine the strategy and policy to be undertaken in accordan with the objective5 as stated in the Article5 of Association. They seek to achieve the objective5 whilst atthe same time ensuring thatthe Charity is not exposed to undue risk. The Charity's risk management strategy includes the procedure5 and actions required to mitigate the risks identrFied. The risk management strategy is reviewed regularly by the Board. Our trustees all give their time voluntsrily. The Charity has a Finance and General Purposes Committee IF&GPI, chaired by the Treasurer wlth three other Board members, and attended by the Chief Executive and other key members of staff. Committee members are appointed by the Board. The Committee meets quarterly to monltor and provide advice on financl31 and operational i55ues. to monltor the internal controls of the Charity and to ensure regular reportingtothe Boartl. The Committee also fulfils some of the functions requlred under the procedure for the nominatlon of new members of the Board. The Board delegates the day-to-day runnlng of the Charity to the Chief Executlve. who is supported by the staff team and the volunteers. The Chief Executive providesthe Board with an operational report four times a year and between Board meetings works closely with the Chalr and OfFicers on matters of governance and strategic issues. The Chlef Executive works with the members of the Senior Management Team ISMTI and other members of staff to oversee the implementation of Plantlife's strategies and policies. The members of the SMT during the year were.. lan Dunn Chlef Executive Iresigned 30 September2024) Nicola Hutchinson Dirertorof Conservation Dirertorof Fin(7nce & Operations (re5igned27June 2024) Dirertorof FundraNsing & Marketing Nicola Savage Wickie Wood Peter Dorans Dirertor of Busine55 Development The director5 consider that the key management personnel of the Charity include the Board of directors, who are a150 the charity trustees. No director received any remuneration in the year. Details of directors. expenses are disclosed in note 32 to the account5. The other key management personnel are the SMT. The pay of the SMT is detemiined according to the pay and remuneration policy, whlch alms to provide approprlate incentives to encourage enhanced performance and to reward staff fairly and responslbly for their individual contrlbution5 to Plantllfe's succe55. Pay revlews aim to match increases in the cost of Ilving and to keep step wlth others in the sector by benchmarking against pay levels In similar tonservation organisations. Any pay Increa5e5 are agreèd by the Chief Executive and the directors.
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annu41 Report and Consolidated Finah¢ial Ststements for the year ended 31 March 2024 Mission andstmtegy Mtsslon Statement Our mission is to secure a world rich in plants and fungi. Underpinnlng the health of our environment, wild plants and fungi are the foundations upon which we can help resolve the cllmate, ecologlcal and societsl challenges we face. Strategy to 2030 Plantlrfe recognlses that we face three urgent challenges in the coming decade.. a .' ecological . climate crisis, alongside an ecological and societal one. We have put the planet on erisis a path to a warmer world. We continue to destroy diversity in our plant. fun81 and animal kingdoms. Onlythree per cent of the UK'S meèdows survive compared with their area less than a century ago. We have lost our connection with nature and its power to sustain mental and physical wellbeing. sletaI trisi plant$.and.!ungi IknDtPQkitiFe. ¢hwiR• ellmate The global response to the Covid-19 pandemic ha5 shown what society 15 capable of when faced with a major disruptive threat. As existential threats. climate change and biodiversity loss are even more Serious to humankind. They will make Ilvlng on our ptanet ever more challenging to our populations and to us as indlviduals, unless we take radlcal actlon now. Plarbtlife is a cutting-edge, innovative conservation charity with a track record of success. Across arable farmland, heathland, coastsl dunes, anclent woodlands, grasslands and wetlands, we are drlvlng eat galns for nature. From the open spaces of our nature reserves to the corrldors of governments. Plantlife woths nationally and internationally to raise the profile of wild plants and fungi, to celebrate their beauty and to protect thelr future. Plants are now showing us the Impact of a warmlng world and they are a warning that all is not well. Plants and fungi can also help us to put this right and we cart help them by restorin8 the habitats that were commonplace for generations before us. Plantllfe has a unique opportunity to encourage people everywhere to be part of the solutlon. We know how to protetL restore and strengthen specles and habitèts. By working in partnership with those who care for our countryside, those who farm the land, re-wild it, those who are protectin8 our wonderful landscapes, building new homes and designing new cities, we can help to re-balance our world. We can help us all be part of the solution and we all need tts be 50. Together we can re-build a healthy natur31 world, and our relationship within it, to underpin the future of our economy and society. This will be the focu5 of Plantlife's work in the coming decade- plants and fungi are central to doing so. In this strategy period Plantlife will.. Protect and restore the diversity of wild plants and fungi to enhance our countryside, towns and cities. Connect people wlth nature to improve wellbeing and inspire action to save species and their habitats. Work in partner5hip5 SO that all people and all sectors of society can contribute to tackling the climate and nature crisis we face. Collaborate and Influence on the world stage to empower societies across the globe to help protect plants and n81. Successful delivery of this 5trate8y will lead to a world full of colour. beauty and life- from inner Clties to our wildest places. Plants. and the animals that depend on them, will thrive and be connected in every way posslble.
PLANTLIFE INTERNATIONAL-THEWILD PLANT CONSERVATION CHARITY Annual Report and Consolidated Financial 5tatementsfoTthtyearended 31 Marth 2024 Achievements andperfom?ance 2023124 was another super year for Plantlife, with our stsff, volunteers and partners delivering amazing conservation outcomes ranging from protecting individual species at risk, landscape scale tonseNation and green finance developments throlsgh to advocacy on the world stage. Progress continues to be made under each of our strateglc prS0rity area5. Protert and restore Plantlife was the benefici3ryof a number of major newgrantand projectawards. whilst atthe same time wmpleting projects Coming to thè end of their fundlng. Large scale, multl partner piojects such as Natur am Bythl in Wales and Species on the Edge in Scotland each progressed well with staff in place and Ileliverln8 prolect OLrtcomes. We maintained our focus on both grasslands- as we continued to develop our wide-ranging Grasslands Artion Plan, and on temperate rainforests- where we continueto bullil our advlsor network. Acrossthe UK's western seaboard from Scotland, Wales and the south-west of England we are seeing greater retognltion and protection for this globally rare habitst. Work contlnued apace on protecting our peatlands where the application for UNESCO World Heritage Ststus for Scotland's Flow Country tontinues to progress. Against a target of working on ICNJ threatened plant specles this year we are actively working to conserve 84 identified as most ¢rItI1. Finally, we were able to add a 24th nature rèsÈrve to our portfolio with the assimilation of The Woodmeadow Trust into Plantlife, thereby Continuing the protectlon and restoration of Three Hagges Woodmeadow in Yorkshire. Connert people with nature No Mow May tontinues to be embraced across the UK and internationally as a way for everyone to do something for nature by leaving their mower In the shed for the month of May. It is particularly encouraging to see that uncut green spaces atthi5 very important early part of the growing anil polllnatlon season are becoming the norm. There continued to be extensive engagement is our citizen science programmes- suNeylng Waxcaps and the Natlonal Plant Monitoring Scheme. We were particularly delighted with the success of our very first Artist in Residence programme with the stunning work of Iris Hill culmlnating in a central London exhibition. Our membership grew by over 5,(K)0 th55 year and now stands comfortably above 20,(KJO. We continued to enhance our Welsh langua8e capability with 40% of our 10 stsff in Wales having some degree of Welsh fluency, and one of our trustees has Welsh as thelr first language. Our new strategy for Wales identifies strengthened communications in Welsh as a key component of Connectlng wlth local communities. Work In partnershlps We deliver much of our impact through our partnership and enabling work. Our existin8 partnershlps include all the maln envlronmental and conservation NGOS In the UK and in this financial year we have strengthened our relationships wlth the corporate sector anil private landowners. We completed our work building the evidence base for the wider benefits of grasslands,. their economics, carbon capture, water and biodiversity value. Given so muth of the UK is managed grassland of one klnd or another we feel these habltsts are undervalued and under-recognised across a whole range of strategic opportunltles. We are working to address thls from the an8les of food security, enriched blodlversity, soil and fungi health, cultural importance and 8reen finance opportunities. As a member of Rethink Noture - a collaboration of seven species focused conservatlon organisations- and the varlousenvironment Link consortia in England. Wales and Scotland. we are able to amplify our influence and conservation impact. We were delighted to be selected as a key dellvery partner of Natlonal Hlghways for biodiversity enhancement projects and have established locations across the UK for this undertakin& 4. Collaborate and Influence Plantlife has been active this year in mU1ple areas, from nitrogen pollution through to nature friendly farmlng and engaging wlth the new land management laws. Plantlife 15 instrumentsl In promoting and enabling the Global Partnership for Plant ConseNation and alongslde partner organisations Is developing complimentary action5 for plant conservation as part of the
PLANTUFE INTERNATIONAL-THE WILD CONSERVATION CHARrrY Annual Report artd Consolldated Flnanclal Ststements for the year ended 31 March 2024 Global Biodiversity Framework. 22 identifled plant actlons will be proposed to COP 16 in October 2024 for adoption by signatories. We further strengthened both our policyteam and our international team in the year allowing us to increase our promotion of Important Plant Areas IIPA'S) around the world. with over SO countries now either protecting or In the process of identsfylng thelr IPAS. calln, dlmatewrelated Issues and sustalnablllty Plantlife recognises the importance of reducin8 and ideally removing greenhouse gas emissions from its activities at all sites across the UK. We are endeavouring to understsnd and monitor our scope 1, 2 and 3 emisslons and put a plan in pla to reduce as much as possible emissions from all of these sources. We belleve that a Carbon Net Zero pollcy which aims to avoid addlng carbon to the atmosphere Is of greater Importan than a Carbon Neutral policy that simply pays to offset emissions. We are identifying our carbon emitting activities and are reporting on these annu311y. Our measured carbon emissions under scope$ 1, 2 and 3 of the Greenhouse Gas Protocol are.. 2023124 2022123 202V22 Scope l & 2 emlsslons 28.01 tonnes 18.38 tonnes 9.81 tonnes Scope 3 emissions Ipartiall 92.79 tonnes 180.92 tonnes 43.66 tonnes Intenslty metrlc IC02e per staff FTEI 384 kg 317 kg 182 kg The chart Ibelowl shows our performance over tlme. Note the year$ 2019 to 2021 were impacted by covid operatin8 conditlons. We be8an measuring scope 3 emissions in the year 2021122, challenging ourselves to Increase the range of categories measured annually. Items measured wlthln each scope comprtse S¢ope Me?SUfed Fuel-. Petrol Carbon Emissions per annum 200 180 Fuel.. Diesela 160 Fuel.. Other. Electricity. ElertricltyT&D Papèr Business Travel Carp 120 loo 30 60 40 Business Travel- Publlc Transport BusinessTrdvel-AlrP 20 2019120 2020121 2021122 2022123 2023124 Contractor/Projetts- DieselT Outsourced data storage Homeworking ¥Fuel Bu5illES5 TRvel kl Electsidty Other •HomebwJrkn¥ Contr•rtor diesel ote.. Includedln cokulotloJ)slromywr ,' 2019/20 F.. 202y22 p.'2022ft3 In order to better progress our performar)ce we are investing in a new staff post who, amongst other responsibilities. will be tsske(I with leading the development and Implementatlon of Plantlife's tarbon footprint reduction programme and championlng sustainabillty across the organisation. Working with colleagues across the charity, the incumbent will develop a programme that enables us to meet our chaiitable objectiveswhilst using the most sustsinable method5 of operation. This will better enable us to keep up to date with best practice and new innovations in sustainability, whilst providing support and advice to colleagues in respect of purchasing methods, policies, ProsseS and best practices. ensuring we obtsin thè least environmentslly hamiful solutions for our needs. The achievement of positive impact at scale on the diversity and health of the UK'S plant and fungi populations necessarily requires the presen of people and equipment on project sites across the country. The only praetieal mode5 of transport to
PLANTLIFE INTÉRNATIONAL-TrIE WILD PLANT CONSERVATION CHARITY Annual Report and Cottsolidated Finan¢ial StstemÈnts forthe year ended 31 Mar¢h 2024 reach these often remote locations are cars and van5. We remain committed to implementlng alternatlve solutions as and when they become vlable, and remaln alertto new options forthe provision of less impactful vehicles for use in our work. We are carefully tonsideringthe sustainability of alternatives such as battery operated vehicles, taking into accountthe sourclng of raw materials, production methods, end of Ilfe solLrtlons and impact on accessibility of sites before implementlng changes. Our responsible purchasing policy seeks to source the purchase of goods and services that minimise negative and enhance positive impacts on the environment and soclety whilst meeting our operational requirements. By Incorporating social, envlronmentsl and ethlcal considerations into purchasing decisions we èndeavour to make a positive contribution to the environment and society. Income Generation Our income generation strategy is based on diversification of income sources to manage risk whilst maximizing income. Grants. individual givin& legacie5 and trusts provide most of our income. with other sources making contributions. These include businesses, merchandise. consultsncy, advertisin& nature reserve rents and tenancies and community fundraising. Investment income, including dividend5 interest. is earned through holding a55ets for investment purpose5. Whi15t we wish to maintain and grow all our income streams. our strategy is to rnvest in those where we see the best combination of growth potential, sustainable unrestricted income and sufficient return on investment. Major grant givers, trusts an(1 foundations have funded a considerable amount of plant and fungi conserv*ion this year. We are very grateful for the 5UPPOrt of The Natlonal Lottery Heritage Fund, the Esmée Fairbairn Foundation, Natural England, the Welsh Government, Natural Resources Wales, NatureScoL and many others. We know that many of these fvnders and partners have increasing demands on thelr support, w we are grateful to them for trusting us to deliver great proletts with high impact. The vast majority of our conseryation work is done in partnershlp wlth other organi5ations and Individuals. We provide our expertise and work with them to implement actSon on the ground. The expendlture and associated income on these projects are often reflected in their accounts, not Plantlife's. so turnover alone is not an accurate measure of impact. We are very grateful to the many organisations who have ca¥rled out plant conservation actlvltles with us this year. We would not be able to carry Olrt our work without the help of thousands of Indlviduals. Their donations fund our core work, and we are immensely grateful to everyone who helps us achieve such a major posltlve impact on plant conservation. Our Peoplè None of thiswork would be possible without our farttastic staff, volunteers and trustees. The variety of skills and expertise they possess is amazing we have botsnical experts across a raft of specialisms, professionals in finance. HR, communications and advocacy and expert administrators, all meaning we can make the best possible use of our funding and resources. Plantlife 15 extremely proud of all it5 people. Staffing Staff operate within a departmental structure, comprising COnseatiOn,. Communications, Engagement and Income Generation,. and Finance and Operations. The majority of our staff are out-posted in variou5 locations around the UK. with the remainder operating wtth hybrid working arrangements through our head office in Salisbury. 2023124 was a year of growth in staff number5- Wlth a total headcount of 95 at March 2024 compared to 71 in March 2023 and 34 new starters duringthe year. We were pleased to re1ve a high volume of qualityapplication5 forthe majority of our posts and have 5ucce55fully inducted those 5electeil to become members of 5tsff into the team. Key HR indicators Including absence and staff turnover are regularly monitored by the senior management team and trustees, with both fi8ures remalnlng lower than sertor average throughout the year. During the year 11 people moved on to other opportunitie5.
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annu31 Report and Consolldated Financial Ststements for the year ended 31 Marc4 2024 Volunteers The generous contrlbutlon of volunteers supporting our conservation, plant suNeys, awareness raisin& and business activititrs is instrumental In enabling the achievement of our conservation targets. Thls year our volunteers provided 2,844 days of support- when costed lat £450 per dayfor professional level support, £250 per day for skllled and £100 per day for unskllledl this is the equivalent of £676,585 worth of contributions. Ethnicity. Diversity, Inclusion and Belonging We recognise that the conservatign sector i5 one of the least diverse in the UK and we are committed to delivering inclusive approache5 and equality in our work so that a greater diversity of people can play a role in the conservation of wild plants and fungi. We have appointed a senior lead within Plantlife and this work is overseen by a champion Trustee and outlined in the Equality, Diversity and Inclusion Policy Statement. In the past year we have continued to improve approaches to recruitment, data in5ight5 to drive actions and secured funding from the National Lottery Heritage Fund to support stsff training. Health & Safety Plantlife operates a Health & Safety IH&SI Committee, comprising 7 representatives from across the organisation and haired by a member of SMT. The commlttee meets formally on a quarterly basls and has a remit to Produ and maintain policie5 and codes of prartice, address any matters that arlse in day-to-day H&5 working practices, raise issue5 and concerns on behalf of all staff and promote a positive health, safety and welfare culture throughout Plantlife. The committee report re8ularly to the SMT arbd board of trustees, one of whom is assigned special responsibility for H&S matters. The trustees would Ilke to thank all staff and volunteers for their hard work and dedication throughoLrt the year. Plantlife Trndin8 Limlted IPTLI Our paid for services are delivered through PTL. PTL works on commercial terms with landowners, land managers and others with influence over how land is utilised to help them place the abundance and diversity tsf native plants and fungi at the heart of restoration. creation and management of natural spaces to deliver measurable conservation 0COMes. All PTLwork is Irti55ion led working to enable other5 to deliver on Plantlife's mission and providing services which ale always complementary to our core charitable work. This extension to the Plantlite portFolio helps us address the scale and speed at which improvements to biodiversity need to be made. Plantlrfe Biodiverslty Enhancements Llmited {PBELI After the end of the financial year a second subsidiary company - PBEL was established to further our biodiverslty enhancement certSfication and accreditation buslness. Plantlife wa5 Successful in achievlng UK Intellectual Property Office approval for a new standard for biodiversity improvement and associated Intellectual property. Work will now commence leading to proposed launch of a new range of business activities Ilnked to delivering plant and fungi conservation across a much wider area of land and with a broad variety of partners. 10
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARtrY Annual Report and Consolldated Flnanclal Ststements for the year ended 31 March 2024 Flnondol revlew Results for the Year on again Plantlife enjoyed a 5ucce55ful year, generating increased amounts of Income which will enable Ft to expand its impact for the benefit of wild plants and fungi now and In the futu. Our total funds have increased wlth the malorlty restrlcted for use dlrectly on the conservation and improvement in biodiversity of a wlde varlety of Smportant plant habitats. Byjolning forces wlth others we have ensured our moneyi influence and impact has a wlder reach than we alone could effect. Income We have been extremely ple35ed to see ourtotal income morethan double to £11.3m this year {202¥23.. £5.5m). Wh•ro our Income came from Thls y¥8r. Total iorn• £11.3m The biodiversity enhancement programme funded by National Highway5 contributed £5.7m of restricted incDme this year. We are particularly pleased that the long term naturè of thi5 fundin will enable us to maintain our involvement with the enhancement programmes over the next 15 years. Working on our own reserves and In partnership with other landowners, we will Implement management plan5 that aim to achieve considerable long term improvements to the blodlversity on that land. The remain(ier of our conseNation project income fell sllghtly to £1,687k12022/23.' £1,925kJ becauseof the varied completlon cycleswithin the project portfolio. Theyear saw two of our meadow making prolerts draw to a successful close. continuation of our major integrated 5peties recovery partnership projects Notur om Byth funded bv Natural Resources Wales and Specles on the Edge funded by Naturescot, whilst new projects fvnded by the Natlonal Lottery Heritsge Fund enabling work withln temperate ralnforests are lust beginning. IvConsthv¥)nAththes £7.4 •[)00 £2.4 Mrbshi) £1.2 rniu £02 rril £0.1 nll •Oil*rTradnqAth Total income from donatlons and legacies increased by 61% to £2,362k 12022/23.. £1,469kJ. Legacles, Indlvidual donations and new corporate partnerships all contrlbuted to this Inta$e. together with a one- off ijonatlon of £72k received from the Woodmeadow Trust as they donated all their assets to Plantlife to enable us to continue thelr work relating to woodmeadow habltsts and run the Three Hagges nature reserve. In spOnSe to the changing funding environment, Plantlffe is altering its approach to funding solutions by developing a programme leadership plan. Programmes covering our prioilty habitats- currently grasslands, temperate ralnforests and species-are beingdeveloped and fundingsoughtfrom 3varietyof organisationstofinance longerterm, more comprehensfve ton5ervation programmes within these habita This approach has aladY altered the balance of funding we are receivin& as we successfully develop partnerships with a range of trusts and foundations willing to collaborate within this new proFJamme strurture, augmenting funding received from statutory fvndinE bodies. The growth in our membership base continues. with a year on year increase in member number5 of 29%. Income from memberships stands at f I,187k12023/23.' £834k}, and our growing supporter base augment5 our mission in a variety of ways beyond financial contributions. including taking part in learning opportunities and undertaking practical conservation action at a local level. Funding received in advance in respert of the biodiverslty enhancement programme ha5 been invested in interest bearing deposit accounts increasing our interest earnings in the year. whilst income earned from our listed investments remained steady at £89k {2022/23.. £70k). 11
PLANTUFE INTERNATIONAL- THE WILD PLANT CONSERVATION CHARITY Annual Report ond Consolldated Financial StstemÈnts forthe year ended 31 March 2024 Experndlre The majority of our expenditure was once agaln tsrgeted directly to our conservation worL Thls year we spent £6,859k on our varlous conseNatlon projects, up from £3,152k last year. Progress contlnued in our work with our priority habitats of 8rasslands an(1 specles. and new funding has enabled us to begin more comprehenslve work in temperate rainforests and with the mysterious world of fungi. Further grants were made under the biodiversity enhancement programme, enabling more third party landowners to participate in the programme and adding over 100 hectare5 of grassland to the scheme. Howwg 8pgrrt ourfunds This year.. Total e¥ponditW¢ £9.15m Expenditure on engagement and education has remained steady at £1,118k, (2022/23.. £1.095kJ. Our ongoing campaigns in relation to the promotion of grassland and temperate rainforests continue alongside that against the extraction of peat, and we have invested in our science team, who are developing new engagement plans and opportunities with a variety of stskeholders. tonserv4tn artivili85 •PDpIeen¥gTrhl education •ThdhJembeFShp £1.12 mIln •Rdisir¢gdonètnS3nd leqac £i.N milll •lnve51mentrn3na8PtnentCD5ts •Otherexpendrture 6.86 È0.02 EO.11 mdlioTr The cost of rai5in8 donations and legacies has Increased to £1,041k (2022/23.. £644k}. Thls increase is a result of the addltlonal costs assoclatsd wlth setvl¢lng a much larger supporter base, and we continue to invest Surplus unrestricted fund5 In the recruitment of new members. Expenditure on support and governance costs Is £1,084k, an increase of £409k slnce last year. Thls year's flgure Includes the employment costs of all SMT members, asthey now undertake roleswhich are much wider acrossthe organlsatlon and better fit within this category. Pro-bono legal advlce wlth a value of £124k {2022/23.- nil) was received this yeaf, also recognised as a donation. As the charity grows. the cost5 incurred in maintsinlng a robust support system and ensurln8 all admlnlstrative and governance requirements are met increases, a responsibility the trustees are mindful that they must assume whllst striving to maxlmlse the amount available for expenditure directty on the furtherance of the charitrfs objectives. In¥esknents Improvements in the health of the investment markets has resutted In a net galn in the value of our investments when measured at 31 March 2024 compared to their value at 31 March 2023. The total value of our portfollo stood at £4.080k on 31 March 2024. During the year we Invested a further £450k into our unrestricted fund. being a portion of the athiance funding for the biodiversity enhanrnent programme that will not be required for at least 5 year5. The (apital growth on our funds in the year totalled £227k12022123: fall of £189kl. Performance of both our restricted and unrestricted portfolios durinB the year ended positively, however tricky market conditions were experienced especially during the first 6 months of the year. The time-weighted total return pèrformance of the funds for the 12 month5 to 31 March 2024 stand at 8.37% for the restricted fund and 7.53% for the unrestricted. These are behind the adjLtrSted benchmarks for the year of 10.75% and 10.48% respectively. Portfolio returns in the mediLEm tem) are in line with comparable benchmarks. and both are incrementally narrowing the gap against RPI created over the past two years. Flnanclal Reserves In addition to our endowment funds, our total charitable funds comprise both restrlcted and unrestricted reserve& At 31 March 2024 our restricted fund5 totslled £5,772k12023.' £2,944kJ. Thesefunds include the £1.4m purchase price of our herltage assets (nature reserves), a restricted reseNe which represents In¢ome already received and used to purchase assets which are shown on the balance sheet, together wlth any other restricted funds in hand at the year-end such as those for projects, appeals and leBacies which are legally $trIcted to certain projects or activities. 12
PUINTLIFE INTERNATIONAL- THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolidated Flr.anclal Ststements for the year ended 31 m.arch 2024 The unrestricted funds of the charity amount to £2,554k (2023.- £3,167kl. Some of these funds have been set aside by the trustees for specific purp05e5 to help Plantlife increase its resilience and lay the foundations for future growth. This includes a fund of £335k for the development of our support systems and capabilities including the ongoing Strengthenlng our IT systems and ¢apability and development of our brand platfonn. £SOk has been allocated to begin investigations into green financing antl its potential to contribute to the achievement of Plantllfe's strategic goals. A revaluation reserve of £122k Is retained in relation to listed investments. The general reserve Is being utilised in a controlled manner in fvrtherance of our strategic objectives and wlll continue to do so over the upcoming years- enabling the achievement of conservation targets, whblst ensuring we retsin the levels gf free cash reserves required by our reserve holdlng policy. Fundraising and our commltment to supporters The Board of Trustees en5UTes that ourfundraising complies with legal and regulatory requirements and 15 guided by our core values and mission. Fundraising or any fundraising undertaken on our behalf is monitored to ensure it is honest, transparent, and respectFul. We are members of the Fundraising Regulator and ensure all our activity Is carried out in line with the Code of Fundraising Practice, charity law, and all relev3t)t legislation including the General Data Protection Regulation5 and Privacy and Electronic Communications Regulations. All those undertaking fundraising for Plantlife receive tralnlng and support to ensure we have the correct processes and procedures in place. We rely on generous donationsfrom all our supporters and funders and undertake a range of fundraising activitiesto support our work in securing a world rich in plants and fungl. This includes building our membership base through regular 3n(l one- off donatlons. appeals, events, legacy giving and challenges in sUPPOrt of Plantlife alongside the sale of merchandise. We also Fnake applications to trusts, foundations and statutory donors for funds for specific project5. We recelve ongoing support from 36 corporate partnerships, including commercial partners that generate donation5 from the sale of their products. In 2023124 we used a professional fundr8lslng agenry to undertake membershlp recruitment on our behalf by attending events with Plantlife stands across the country and talking to the public abotjt membership. We caTry Out regular training wlth these fundrai5er5 and undertske close revlews of this activity to ensure compllance. The agency 1$ also a member of the Fundraising Regulator and the Chartered Institute of FundraisÉng. We take any complaint about fundraising and supporter feedback very seriously and make Sure we record thls and feed it into ways to Improve our work. Over the past year we recelved 22 complaints from our dlrect and agenLy led fundraising activity which were investlgated and resofved, and no remov81 requests from the Fundraising Preference Service from thousands of fundraising communlcations acr055 a range of channels. We periodically review our policies, procedures and guidance in line with the Supporter Promlse. Our Vulnerable Persons policy and process directs our approach to people who maybe in vulnerable circumstance5, need additional support to make an informed decision or rnight not have the capacity to make the decision to donate. Read more about our approach at www.plantlife.org.uk Whenever we undertake new fundraising activity, we consider any risks and put in place mitigation measures. We really appreciate the support we receive and are committed to maintaining high stsndards of fundraising and supporter care. Investment polltv The charity's governing document enables it to Invest moneys not Immedi3tely required for Its purposes in or upon such investments, securities or property as may be thought fit. Any such Investments are governed by Plantlife's investment policv, whlch takes into account income requlrements, the risk profile and the fund manager's view of the market prospects in the medium term. Plantlife Is also comrnitted to incorporating social. envlronmental and ethlcal considerations into its investment declslons. The trustees are therefore mindful of the need to balance investment performance wlth our social and envlronmental responsibilities. 13
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARrTY Annual Report and Consolidated Flnanclal Ststements forthè year ended 31 March 2024 We encourage our investment managers to= seek to understsnd the ESG and ethical policies of the companles in which investments are made; consider ESG and ethical policies, partlcularly In relation to climate change and biodlverslty loss. when evaluating companies for investment; encouf38e theorganisations in which they investto adoptand pursuesociallyand environmentally responsible business practites and good governance. and exercise the riEhtto vote in respect of their holdings, taking ESG and ethical considerations into atcount as appropriate. We will not invest in companies whose acttvities have a detrimental impact on the environment and our policy is to invest only in companies with an -above average" environmental rating. This means we will not invest in fossil fuels or the mining sector and will avoid those companies involved in the most carbon intensive industries or those who contribute to deforestation or water pollution. This poliry is reviewed biennially by the trustees. Management of our investment assets is reviewed and offered for tender every three years and is currently undertaken by Inve5tec Wealth & Investment Ltd. Reports on the performance are provided quarterly and are reviewed at meeting5 With the fund manager which are held on a six-monthly basis with the Finance and General Purposes Committee. Trustees apply a totlylretum appro(Jch in respectof the endowment fund using powers granted bythe Charities (Total Return) Regulations 2013 made under Section 104A of the Charities Act 2011. Thi5 wa5 adopteil In 2017 after tsking legal and investment advice. Under thls policy. trustee5 will draw both income and capital growth gained from investment of the en(lowment to be used to further charltable objectives, whilst at the same tlme maintsining the real value of the relevant permanent endowments Ibeing £1,700k at the time of adopting the total return approach) so that it can continue to provide for future beneficiaries. AccumLslated returns in excess of this value form a funij from which the Charity may draw from time to time to fuither its charitsble objectives. This unapplied total return was estsblished at £712k on the date of the resolution. Trustees will revlew any such dlstribution from time to time and adjust funds being drawn as necessary to tske account of prevalllng rates of investment return, in order to safeguard the endowment and its long-term returns whilst accepting medlum-teim fluttuations in value. The movements in unapplied total return are shown in note 5 to the accounts. This yeai the Charity did not transfer anv monies into unrestricted funds12023.' £nllJ. At 31 March 2024 the endowment funds of £2,838k were In excess of the value of the permanent endowment for investment and the unapplied totsl return. The overall aim of our investment policy is to maximise the amount that can be spent on charitable activities from In¢ome and medium-term tapital growth whilst proted(ing the original value of the permanent endowment that forms part of the fund for the future. Our current portFolio aims to yield 3 percentage points above CPI from combined income and capital growth in the medium-term. Finanaal reserves policy We maintain a tM)licy on financial re*rve5, which is periodically reviewed in line with guidance from the Charity Commission. The trustees have decided that Plantlife International will hold six months. core operating costs as a free. unrestricted financtal reserve. This reseNe is to cater for the following.. An amount needed to discharge any contrartual obligation5 should there be. tor example. a catastrophic fall In income leading to a serlous financial problem. This should also prevent the need for immedlate cuts in expenditure and ensure Ouf increasingly longer-term conservation projects can be completed. An amount to facilitate cash management. Our income 15 not received evenly throughout the year, and most large conservation projects requlre cash expenditure by Plantlrfe well in advance of the eventual recoupment of fundingfrom project flnanciers. 14
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolidated Fbs)ancial Ststements for the year ended 31 March 2024 An operational reserve, for use on extraordlnary costs such as IT upgrades. bulldlng move5 or renovation or income generation and particularly to malntaln the upkeep of our nature reserves at all times. The reserve amount Is Ilnked to core expenditure rather than a fixed amount, allowing for fluctuatlons in organisation size. Based on operatin8 expenditure for the slx month5 to March 2024 the tsr8et reserve amount stands at £1.47m. Plantlife's free cash reserve metrlc at 31 March 2024 is 1.1 times the reseNe tsrget, or seven months of coverage. Plantlife may also hold additional unrestrirted reserves. These reseryes wlll be used within a reasonable period of receipt of the funds. When ludglng what Is reasonèble, the trustees wlll bear In mind that the conservatlon of plants and fun81 often requires effort over a number of years and It can be some time before result5 are seen in plant population5. 15
PLANTLIFE INTERNATIONAL-THE WI PLANT CONSERVATIOhi CHARITY Annual ReFK)rt and Consolldaieil Financial Ststements for the year entled 31 Mar£h 2024 Principol risks and uncertainties The charity is exposed to a number of rlsks and uncertainties. Response5 to these risks are managed wbthln well established systems and have been instituted to mitigate identified risks and are sublectto continuous review. Trustees periodically review the strategic risks faclng the organisation and monitor the effectiveness of actions tsken to mitigate the impact of such rlsks. The principal risks and uncertainties identified bythe trustees are.. The funding envlronment for plant and fungi conservation is rapidly changing. Due to other societal pre55ures the availability of fund5 for conservation and environmentsl NGOS leNGOsl is changing and if we fail to respond we will reduce our ability to make an impact. Larger eNGOs are better equipped to respond to changing funding opportunities due to their capacity and structure. The large eNGOs are flndlng thelr voice at a national level and becoming more vocal. This, linked to the economic background, may result in the big three or four capturinB a large share of the available income- whether individual or corporate. On-8oing decline of plants & fungi across the UK and internationally. External factors and socSetal pressures reduce the focus on the natural world. The evolution of Plantlife into a bigger or8anisation changes our management approach and culture. Retaining focus on value5 and tulture to maintain impact is a critital factor in a fast growin8 organization. Our areas of work. trustee5, Staff, volunteers and supporters do not yetfully reflect societal diversity in all aspects. This reduces our ability to deliver conservation effectiveness in accordance with our strategic objectives. Staff retention and succession plannin& The markèt for ecologists Is hlghly competStSve and wlll become more so. Reliance on fixed term Contracts results in constant churn and loss of key staff and their skills. Plantlife lags In the development of its IT systems and assotiated trainin& curtailing our abilityto reach ourfull potential. Health, safety and welfare. We negatlvely Impact the health of our people, those who work with us, orthe environment. Governance & compliance. Policies do not comply wlth current leglslatlon, andlor staff do not apply or refer to them. Developing our commercial activity. As we look to expand the scale and breadth of our commercial work the increased 80vernance and administration burden involved in managing a more complex organlsatlon may dlstract ffom other opportunltles. Cllmatic impact is inherent in Plar)tlrfe's daily activity. We are slow to deliver carbon net or gross zero whlch, glven our conservation actlvity, Is ludged as inadequate. Systems have been e5tsblished to mltlgate Identlfled risks and are subject to continuous review. The detailed considerations of risk are delegate¢J to the F&GP committee, assisted by the SMT. Risks are identified, assessed and controls established throughout the year. A formal review of the chariVs risk management process is undertaken on an annual basis at the maln board. Trustees considerthat there is appropriate monitoringi measurement, and mltlgatlon In place to avold the prlncipal risks an uncertainties to the organisation and its effectiveness, notwithstandin8 the fact that some will need continued attention as contributory factors continue to bring challenges.
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolldated Flnanclal Statements for the year ended 31 Marc4 2024 Thank you We are extremely grateful to 811 our members, supporters, funders and other organisations that so generously supported us In 2023124, including all donors who wish to remain anonymous. Unfortunately we do not have space to individually name all our supporters, but on behalf of everyone at Plantlrfe we would Ilke to acknowledge the following who provided support of £l.C(JO or more: Grant Funders Cairngorms National pa Authority Chilterns National Landscape Cranbourne Chase National Landscape Forestry & Land Scotland Department for Environment Food & Rural Affairs EU LIFE Programme FIPL (Farming in Proterted Landscapes) Groundwork UK Natural Resources Wales Naturescot North Wessex Downs National Landscape RSPB Scottish Environment LINK Scottish Nètional Heritage South Gloucestershire Council Veolia Environmental Trust Joint Nature Conservation Commlttee The Welsh Government Loch Lomond & The Trossachs National Park National Lottery Heritage Funtl National Highways Natural England The Woodland Trust Wiltshire Councll WWF-UK, through the Alr Wick and WWF Partnership Charftable Trusts and Foundatlons Banister Charltable Trust King Charles111 Charitsble Fund The Llnbury Trust The Lyon Family Charitsble Trust The Murdoch Forrest Charitable Trust MW Tops Wildlife Conseryation Project National Philanthropic Trust Norman & Evelyn Proffftt Trust People's Trust for Endangered Species Scott IEredinel Charitable Trust The Swire Charitsble Trust The Daniell Trust Esmée Fairbairn Foundatlon Garfield Weston Foundation George E T Salvesen Charitable Trust Gordon Fraser Charitable Trust The lan Addison Charitable Foundation John Coates Charitable Trust John Ellerman Foundation John Feldberg Foundation John MuirTnJst Whitley Animal Protection Trust Corporate Partners and Supporters Black Bee Honey Limited Bramley Products Fera Ouffitters Laurent Perrier Mitie Landscapes Maidstone Distillery Ltd Thakeham Homes The Grass People Formula Botanica Ground Control J&P Plant Le8ary Gffts Much of our work is underpinned by the generosity of supporters who have included 3 gift to Plantllfe in their will. These glfts, no matter the size, are in¢rèdSbly valuable and make a lasting impact on our mission to secure 8 world rich in plants and fungi. We would like to thank all our generous benefattors for their significant contributions. 17
PLAKfLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARtrY Annual Report and Consolidateil Mnanclal Statementsfor the year ended 31 March 2024 Statement oAtrustees' responsibilities The trustees. who are also the directors of Plantlife International - The Wlld Plant ConseNation Charity for the purpose of company law, are responsible for preparing the Trustees, Annual Report lincluding the Strateglc Report) and the financlal statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting practi1. Company law requires thetrustee5 to prepare financial statement5 for each financial year. Under company law trustees must not approve the financial statements unless they are sat15fied that they give a true and fairview of the state of affairs of the charitable company and of the incoming resources and hpplacation of resources, including the income and expenditure. of the charitable company for that year. In preparing these financial ststements. the trustees are required to.. select suitable accounting policie5 and then apply them consistently- observe the methods and princlples In the Charlties SORP 2019 IFRS 1021: make judgements and estlmates that are reasonable and prudent; state whether applicable UK Accounting Stsndards have been followed, subject to any material departures disclosed and explalned In the financial statements; and prepare the financial statements on the goin8 concern basis unless it is inapproprlate to presume that the tharity will continue in operation. The trustees are responsible for keepln8a(lequate accounting records that disclose wlth reasonable accuracy at anytime the finantial position of the charitable company and enable them to ensure that the financial statements comply wlth the Companles Act 2006. the Charities and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts Iscotlandl Regulations 2(X)6 las amended). They are also responsible for 5afe8uarding the assets of the charitsble company and hence for taking reasonable steps for the prevÈntion and detection of fraud and other irregulaiities. In so far as the trustees are aware: there is no relevant audit information of which the charitsble companVs auditor is unaware= and the trustees have taken all steps that they ought to have taken to make themselve5 aware of any relevant audit information and to establlsh that the auditor is aware of that information. The trustees are responsible for the maintenance and integrity of the corporate and financial informatlon Included on the charltable company's website. Legislatlon In the United Kingdom governln8 the preparation and disseminatlon ol flnancial statements may dlffer from legislation in otherlurlsdictions. Audltot5 Saffery LLP were appointed as audltor to the company and In accordart¢e with section 485 of the Companies Act 2006, a resolution proposing that they be re-appointed will be put at a General Meeting. ON BEHALF OFTHE TrUSTEES: D Danlels P Wilson Chair TreasLÈrer 11 December 2024 11 December 2024 18
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARrrY Annual Report and Con501idated Finantial Statemèntsfor the year ended 31 March 2024 Independent Auditor's Report to the Members and Trustees of Plantlife International - The Wlld Plant Conservation Charity Oplnlon We have audited the financlal ststements of Plantlife International Ithe'parent charltable company'l and its subsldlariès Ithe 'group'l for the year ended 31 March 2024 which comprlse the Consolidated Statement of Flnancial Activities, the Consolldated and Parent Balance Sheet, the Consolidated Ststement of Cash Flows and nLltes to the flnancial statements, includin8 significant accounting policies. The financial reportlng framework that has been applied in their prèparation Is applicable law and United Klngdom Accounting Standards, including Flnanclal Reportingstandard 102, the Flnancial Reporting Standard applicable In the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accountlng Practice). In our opinlon the financial 5tatements'. glve a true and fair view of the state of the affalrs of the group and the parent charitable company as at 31 March 2024 antl of the group's Incoming resources and applicatlon of resOurs, including its Income and expenditure. for the year then ended. have been properly prepared in accordance wlth United Kingdom Generally Accepted Accounting Practlce; and have been prepared In accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment IScotSandl Act 2005 and regulations 6 and 8 of the Charities Accounts (Scotlandl Regulations 2006 las 8mendedl. Basls for oplnlon We conducted our audit in aecordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responslbilitles under those standards are fijrther described in the Audltor's sponSibl11t1es for the audit of the financlal 5tstements section of our report. We are independent of the Eroup and parent charitable company In accordance with the ethlcal requirements that are relevant to our audit of thefinan¢ial statements in the UK, including the FRC'S Ethical Standard, and we have fulfllled our other ethical responslbllltles In accordance with these requirements. We belleve that the audit evidence we have obtained is sufflclent and appropriate to provide a basis for our oplnlon. Concluslons relatin8 to golng concern In auditing the financial statements, we have concluded thatthe trustees, use of the going concern ba515 of atcovntlng in the preparation of the financlal statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relatlng to events or conditions that, individuallyorcollectively, may cast signlficant doubton the grouporthe parent charitsble company's abilityto continue as a golng 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 comprlses the information included in the annual report, other than the financial ststements and our audito¢s report thereon. The trustee5 are responslble for the other Information. Our oplnlon on the financlal statements does not cover the other Information and, except to the extent otherwlse explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other Information and, In doing so, conslder whether the other information is materially inconsistent with the financial ststement5 or our knowledge obtaine(l in the Course of the audit or otherwlse appears to be materially misstated. If we identify such material inconsistencie5 or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the flnancial 19
PLANfLIFE INTERNATION'AL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolidateil Financial Statementsfor the year ended 31 March 2024 statements themselve5. If, based on the work we have performed, we conclude that there is a material misstatement of thls other Information; we are required to report that fact. We have nothingto report in this regard. Other matters prescrlbed by the Companles Act 2006 In our opinion. based on the work undertaken In the course of the audit.. the information given in the Trustees, Annual Reportwhich includes the Directorg Report and thestrategic Report for the financial year for which the financial statements are prepared is consistent with the financial statements- and the Trustees, Annual Report which includes the Dlrectors, Report and the Strategit Report has been prepared in accordance with applicable legal requirements. Matters on whlch we are required to report by exceptloA In the light of the knowledge and understanding of the group and parent charitable company and their envlronment obtained in the course of the audit, we have not identified material misstatements In the Trustees, Annual Report and Strategic Report. We have nothing to report in respert of the following matters where the Companies Act 2006 and the Charities Accounts (Scotlandl Regulations 2C¥)6 las amended) require us to report to you if, in our opinion.. adequate atcounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us- or the parent ch3rltable company's financlal statements are not In agreement with the accounting records and returns; or certain disclosures of trustees, remuneratlon specified by law are not made,. or we have not recelved all the information and eyplanations we require for our audit. or the trustees were not entitled to prepare the financlal statements in accordance with the Small companles, regime and take advantage of the small companies, exemption In prepaTingtheTrustees' Annual Report and the Strategic Report. Responslbllltles of trustees As explained more fully in the Statement of Trustees, Responsibilities set out oft page 18, the trustees Iwho are also the directors of the parent charitsble company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they 8ive a true and fail view, and for such internal control as the trustees determine is necessary to enable the preparation of the financial statements that are free from material misstatement. whether due to fraud or error. In preparin8 the financlal statements, the trustees are responsible for assessing the group and the parent charitsble company's ability to continue as a going concern, disclosin& as applicable, matters related to golng concern and using the golng concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operatlons, or have no realist1¢ alternative but to do so. 20
PLAKfuFE INTERNATIONI AL-THE WILD PLANT cONSERV.T0N CHARrrY Annual Report and Consolldated Flnancial Statementsfor the year ended 31 Mar¢h 2024 Audltorfs re$ponslbllltles for the audlt of the flnanclal statements We have been appointed a5 auditors under the Companies Act 2006 and under the Charities and Trustee Investment Iscotlandl Act 25 and report In accordance with regulation5 made under those Acts. Our ob5ectlves are to obtain reasonable assurance about whether the group and parent financial statements as a whole are free from materlal 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 audlt conducted in accordance wlth ISAS IUKI will always detect a material misstatement when it exlsts. Misstatements can arise from fraud or error and are consldered 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. Irre8ularitles, Including fraud, are instances of non-compliance with laws and regulatlons. We design procedurès In line with our responsibilities, outlined above, to detect material misststements In respect of irregularitles, Includingfraud. The speclflc proceilures for this engagement and the extent to which these are capable of detecting irregularitles, Including fraud are etalled below. Identifying and assesslng rlsks related to irregularitles.. We assessed the susceptlblllty of the group and parent charitable CoMpanS financlal statements to materlal misstatement and how fraud might occur, ineludlng through discu55ions with the trustees, discussions wlthln our audit team planning meeting, updating our record of Internal contro15 and ensurln8 these contro15 operated as intended. We evaluated p055ible incentlves and opportunities for fraudulent manipulation of the finènclal statement5. We identlfled laws and regulatlons that are of significance in the context of the group and parent charitable company by discussions with trustees and updating our understandin8 of the sertor In which the group and parent d)aritable company operate. Laws and gUlatIonS of direct slgnlflcance in the context of the group and parent charltable company include The Companies Act 2006, the Charltles and Trustee Investment (Scotlandl Act 2005, the Charities Accounts Iscotlandl Regulations 2006 las amendedl and guidance issued by the Charity Commission for England and Wales and the Office of the Scottish Charity Regulator. Audit response to risks identlfled.. We considered the extent of compliance with these laws and regulations as part of our audit procedures on the felated financial statement item5 including a revlew of financial 5tstement dlsclosures. We reviewed the parent charitable company's records of breaches of laws and regulations. minLrtes of meetings and correspondence with relevant authorities to identlfy potential material misstatements arising. Wè dlscussed the parènt charitable company's policies and procedures for complIan with laws and regulatlon5 With members of management responslble for compliance. During the planning meetlng with the audit team. the engagement partner drew attentlon to the key areas which might involve non-compliance with laws and regulations or fraud. We enquired of management whether they were aware of any instancesof non-compliance with laws and regulations or knowledge of any actual, suspected or alleged fraud. We addressed the risk of fraud through management overrlde of controls by testlng the appropriateness of journal entries and identifylng any significant transactlons that were unusual or outside the normal course of business. We asse55e(I whether judgements made in making accounting estimates gave rlse to a possrble Indication of management bias. At the completion stage of the audit, the engagement partnerfs revlew included ensurlng that the team had approached their work wlth appropriate professional scepticlsm and thus the cap3clty to identify non40mpllance with laws and regulations and fraud. There are inherent limitations in the audlt procedures descrlbed above and the further removed non-compllance with laws and regulations Is from the events and transactions reflected in the financlal statements, the less likely we would become aware of IL Also, the risk of not detecting a materlal misstatement (lue to fraud 15 higher than the risk of not dete¢tlng one 21
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARrrY Annual Report and Consolidated Financlal Statements forthe year ended 31 Marth 2024 resultlngfrom error, as fraud may involve deliberate concealment byi for example. forgery or Intentlonal misrepresentations, or through colluslon. A further description of our responsibilities is available on the Financial Reporting Council's website at: www.frcor .uk auditorsres nsibilitie5. This description forms part of our auditorfs report. Use of our report This report is made solely to the parent charitable companS members, as a body. In accordance with Chapter 3 of Part 16 of the Companie5 Act 2006, and to the parent charitable companvs trustees, as a body, in accordance with Regulatlon 10 of the Charities Accounts Iscotlandl Regulation5 2006. Ouraudit work has been undertaken 50 that we might state to the parent charitable companrf5 member5 and tru5tee5 those matters we are required to state to them in an auditorfs 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 parentcharltsble company, the parent charitsble companvs members and trustees as a body, for our audit work, forthis report, or for the opinions we have formed. S• LLP Casidhe Baleri (Senior Ststutory Auditor) for and on behalf of Saffery LLP Midland House, 2 Poole Road Bournemouth, BH2 5QY Statutory Auditors Date: 19 December 2024 Saffery LLP is eligible to art as an auditor in terms of settion 1212 of the Companies Act 2(*)6 22
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolidated Finan¢ial Statements for the year ended 31 Mar¢h 2024 Financial Statements Consolldated Statement of Flnanclal Actlv5tles For the year ended 31 Marth 2024 (incorporating an income and expenditure account) Currentfinanclol year Unrestrlcted Funds Restritted Endowment Totsl Totsl Fund5 Funds 2024 2024 2024 2024 2023 Note 1thme from: Donatlons and legacies Other donations and legacies Charitable activities 1,178,078 1,184,220 2,362,298 1,468,710 Conservation actlon 94,542 7,320,668 7,415,210 2,982,791 Membershlp Income 1,186,841 1,186,841 833,787 Investment income 203,666 61,928 265,594 101,514 Other tradlng activitles 108,473 108,473 123,118 Total irKome and endowménts 2,771,600 8,504,888 61.928 11,338,416 5.509.920 Expendllure on: Raisin8funds Raising donations and legacles Other trading activltles Investment management costs 1,041,326 1.041,326 644,335 105,619 105,619 49,303 6,569 16,409 22,978 21,545 1.153,514 16,409 1,169,923 715,183 Charitable activities Conservation actlvltles 1,338,553 5,520.037 6,858,590 3.152,131 People engagement, education and membership 960,874 157,048 1.117,922 1,094,872 2,299,427 5,677,085 7,976,512 4.247,003 Total resources expended Net in¢omel{expendlturel Net gainslllossesl on investment Taxation 3A52,941 5,677,085 16,409 9.146.435 4,962,186 {681.341) 2027,803 45.519 2,191,981 547,734 13 67,963 159,395 227,358 1188,8091 11,5541 357,371 14 Net movement In funds 1613,3781 2,827,803 204.914 2N19,339 Re¢onclllatlon of funds Totsl funds brought forward at l April 2023 Total funds carrled lorward at 3,167,326 2,944,300 2,633,371 8,744,997 8,387,626 2,553,948 5,771103 2.838.285 11,164336 8,744,997 31 Marth 2024 All amounts derive from continuing activities. All gains and losses recognlsed in the year are included In the Statement of Flnancial Activities. 23
PLANTLIFE INTERNATIONAL-THE WILD PL4NT CONSERVATION CHARITY Annual Report and Consolldated Flnanclal Statementsfor the year ended ai March 2024 Consolldated Statement of Financial Artivitles (contlnued) {incorporating an income and expenditure account) Priorflnanclal yeor-Aor the yeur ended 31 Morch 2023 Unrestrlrted Funds Restrlcted Endowment T¢)tsl Funds Funds 2023 2023 2023 2023 Income from: Donatlons and legacies Other donations and legacie5 Charitable activities 907,462 561,248 L468,710 ConseThatlon a¢tion 345,129 2,637,662 2,982,791 Membership income 833,784 833,787 Investment income 44,930 56,584 101,514 Other trading activities 123,070 48 123,118 Totsl Income and endowments 2,254,375 3,198,961 56,584 5.509.920 Expendlture on: Raising funds Raising donations and legacies Othe tradlng actlvttles 644,335 644,335 49.303 49.303 Investment management costs 4,748 16,797 21.545 698.386 16.797 715.183 Charitable activitie5 Conservation activities 795,793 2,356,338 3,152,131 People engagement, education and membership 833,1)09 261,863 1,094,872 1,628,802 2,618,201 4,247,(NJ3 Totsl resources expended Net Incomel{expendllure) Net gainslllossesl on investments Z.327.188 2.618.201 16.797 4.962.186 {72,8131 148,9251 580,760 39.787 547.734 13 1139,8841 1188,8091 Taxation 14 11,5541 11,5541 Net movement In funds 1123.2921 580,760 (100,097) 357B71 Re¢on¢iliation of funds Totsl funds brouthtforward at l Aprll 2022 Total funds carrled fon¥ard at 3,290,618 2,363,540 2,733,468 8,387,626 31 March 2023 3.167.326 2.944300 2.633.371 8,744.997 All amounts derive from continuing activities. All gains and losses recognised in the year are Included In the Statement of Financial Actwities. 24
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolldated Flnan¢lal Statementsfor the year ended 31 March 2024 Consolidated Balance Sheet Company number: 3166339 asat asat 31 March 31 Marth 2024 2023 Note Axed assets Intangible assèts Tangible assets Heritage assets 15 39,28S 40.161 16 165,529 77,439 17 1.582.805 1.582,805 Investments 18 4.080,024 3.363.716 5.867,643 5,064.121 Current assets Stocks 20 42,514 42.514 Debtors 21 2,907,624 1,972.699 Investments 22 3.529,054 904,816 Cash at bank and in hand 1,420,817 1,383,742 7,.009 4,303.771 Uabililies Credltors.. amounts fa111n8 due within one year 23 11,C#)1,7031 1530,4441 Net current assets 6A98,306 3,773,327 Total assets less current Ilabllltles 12.765.949 8.837.448 Creditors.. amounts falling due after more than one year 24 11,601,613> 11.164.336 192,4511 8.744.997 Totsl net assets Funds of the charlty Capitsl fvnds Endowment funds-general Income funds 27 2,838,285 2,633.371 Restricted funds 29 5,772,103 2.944.300 Unrestritted funds General unrestricted fvnds 28 2,046,159 2,667.721 445,174 Deslgnated reserve Revaluation reserve 28 385.395 28 122,394 54,431 Total charfty funds 11.164,336 8,744,997 The notes on page5 28 to 51 are an integral part of these financial statements. Approved by the Board of Tnjstees on 11 December 2024 and signed on its behalf by: D Daniels P Wllson Chair Treasurer Type text here
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARtrY Annual Report and Consolldated Financial Statements for the year ended al March 2024 Charltable Company Balance Sheet Company number: 3166339 asat asat 31 March 31 March 2024 2023 Note Flxed assets Intangible assets Tangible assets Herltage assets Investments 15 39,285 40.161 16 165,529 77.439 17 1,582.805 1,582,805 18 4,080,026 3,363,718 5,867.645 5,064,123 Current assets Stocks 20 42.514 42.514 Debtors 21 2,950,126 1,967,(KJ2 Investments 22 3,529.054 904,816 Cash at bank and in hand 1,413,716 1,382,733 7,935,410 4,297,065 Llabllilies Creditors.. amounts falllng due within one year Net current assets 23 1986.8801 6.948,530 1527,8751 3,769.190 Totsl assets less current Ilabllltles 12,816,175 8,833,313 Creditors.. amounts falling due after more than one year Total net assets 24 11.601,6131 192.4511 11.214.562 8,740,862 Funds of the charlty CapStal funds Endowment funds-general Income funds 27 2.838.285 2.633,371 Restricted funds 29 5,772,103 2.944,300 Unrestrlrted funds General unrestricted funds 28 2,096,385 2,663,586 Oesignated reserve Revaluation reserve 385,395 445,174 122,394 54.431 Tt)tal charity funds 11,214.562 8,740,862 The notes on pages 28 to 51 are an integral part of these flnan¢ial ststements. Approved bythe Board of Trustees on 11 December 2024 and signed on its behalf by: D Danlels P Wllson Chair Treasurer
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolidated Financial Ststements for the yèar ended 31 March 2024 Consolldated Cash Flow Statement For the year ended 31 March 2024 2024 Cash flows from operating artl¥itles Net cash absorbed by operatln8 •IlIeS 3,032.122 (ts5.9991 Cash Ilows from Investlng attivities Investment Income 265.594 101,514 Purchase of intangible and tangible fixed assets 1148,9091 185,9441 Net prOed5 on disposal of intangible and tanglble fixed assets 1.456 Purchase of investments 1450,0001 Net investment income reinvested 138,9501 135.0391 Transfer from/ltol short term dep051t account 12,624.2381 385.628 Net cash provlded by/labsorbed by) Investlng actlvftles (2.995,047) 366.159 Cash II¢MTS from ftnandng adlvltles Increase tn cash and rash 4ui¥alents In the reporting perlod 37,075 180,160 Cash and cash equivalents at the beginning of the reportlng period 1,383,742 1,203,582 Cash and $h equivalents atthe end of the reportln8 period 1,420,817 1,383,742 Reconclllation of Net {Expendlture)Ilncome to Net Cash Flow From Operating Artivltles 2024 2023 Net income forthe reportlng period (os per the statement offinonclal octivitiesj 2,419,339 357.371 Investment income recognised in the statement of financial activities 1265,5941 1101,5141 Fair value gains and losses on Investments 1227.3581 188,809 Depreciation & amortlsatlon 60,239 26,764 Ilncreasel In debtors 1934,9251 1882,5071 Increase in creditors 1,980,421 225.078 Net Cosh provlded byl{absorbed by) operatlni artlvltles 5.032,122 1185,999)
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARrrY Annual Report and Consolidatèd Finantial statements forthe year ended 31 Marth 2024 PrincipolAccountlng Policies- Consolidated Group and Chorftoble Company Nature of operatlons and Beneral information P13ntllfe International- The Wild Plant Conservation Charity Is 3 prlvate company limited by guarantee and a Publlc Beneflt Entity as defined by FRS 102. It is incorporated and domiciled in England. the address of its registered office Is Brewery House, 36 Milford Street, Salisburyi Wlltshire. SP2 IAP. Plantlife's finantial ststements arè presented In Pounds SterlinB (£1, which 15 also the functional currency of the company. Monetary amounts In these financial statements are rounded to the nearest whole pound. Basls of preparati¢)n The financial ststements have been prepared in accordance with the Companies Act 2006. the Charities and TIu5tee Investment Iscotlandl Act 200S. the Charities Accounts Iscotlandl Regulations 2006 las amended) and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191" The financial statements have been prepared under the historical cost convention. modified to include the revaluation of listed investments at fair value. Preparatlon of consolldated flnanclal statements The financial Statements incorporate the results of Plantlife International- The Wild Plant Conservatlon Charlty and Its sole subsidiary Plantlife Trading Limited, consolidated on a line by line basis. The company has taken advantage of the exemption provided by section 408 of the Companies Act 2006 not to include the Statement of Financial Activities for the charity alone. The income and expenditure dealt with in the accounts of the charitable company was a surplus of £2,473,699 (2023.. £350,745). Golng concern At the tlme of approvSng the financial statements, the trustees have a reasonable expectatlon that the charlty has adequate resourcesto continue in operational existence forthe foreseeable future. Thetrustees therefore continue to adoptthe going concern basis of accounting in preparing the financlal statements. Accounting judgements and assumptions The preparation of financial 5taternent5 undei SORP IFRS 1021 requires the company to make judgement5 and assumptions that effect the application of policies an(1 reported amounts. Assumptions and judgement5 are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from the estimate5 derwed from applying those judgements and a55umptions. The judgements and assumptions which have a significant impact on the carrying value of assets and liabilities are considered to be those surrounding the valuation of fixed assets including heritage assets. The trustees do not conceive there to be any significant risk of material adjustment during the next reportln8 period as a result of the judgements and assumptions applied to the financial statements. Chorltsble fvnds Unrestricted funds are available for use at the discretion of the trustees in furtherance of thelr chafftable objectives. Restrirted funds are subject to specific conditions by donors as to how they may be used. The purpose5 and uses of the restrlcted funds are set out In the notes to the financial statements. Endowment fund5 are subject to specific conditions by donors th3t the capital must be maintained by the charity. 28
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Anndal Report and Consolldated Flnanclal Statements forthe year ended 31 March 2024 Principal Accounting Policies continued Income Income is recognised when the charity Is legally entltleil to It after any performance condltlons have been met, the amounts can be measured reliably, and it is probable that income will be received. Income from general donations is recognised upon receipt or once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Cash donations are reco8nised on receipt. other donations are recognised oncethe charity ha5 been notrfied of the donation, unless performance tonditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacles are recognlsed on re¢elpt or otherwlse ff the charlty has been notified of an Impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy Is trèated as a contingent asset. Income from govemment and othergrants is recognised atfairvalue when the charity has entitlement after any performance condltlons have been me¢ It is probable that the Income will be received, and the amount can be measured rellably. If entitlement Is not met these amounts are deferred. Income reiVed during the year relatlng to grants wholly coverin8 periods commencing after the year end is held as deferred income. Investment income is earned through holdingassets for Investment purposes. It includes dividends and interest. Income from fixed Interest Investments is recognlsed when received. Dividend income 15 recognised as the tharlty's rlght to receive payment Is establlshed. Annual membershlp and life membership subscriptlons are recognised in full on receipt a5 this income is In the nature of a grft. No actrual is included for the cost of provldlng annual or life members with future publications as, whilst the trustees expectto contlnue to proviile thls servlce, they belteve there is no contractual requirement or expectstion to do $0. Recognltlon of donated goods. facllltles and servlos Donated goods, facilities and services are recognised as income when: control over the expected economic benefitsthat flow from the donation has passed to the charity and any performance-related toftditions attached to the donation have been fully met,. it Is more Ilkely than not that the economic benefits associated with the donated item will flow to the charlty,. and the value to the charity of the donated item can be measured reliably. Expendlture All expenditure is accounted for on an accnjals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it 15 probable that the settlement wlll be required, and the amount of the obligation can be measured rellably. Grants offered subject to performance conditions are actrueil when the recipient ha5 been notified of the grant and any remaining unfuffilled conditions attaching to the grant are outslde the control of the charlty. Support costs a those that asslst the work of the charity but do not dirertly represent charltable activities and includè offlce costs, governance costs, administrative payroll costs. Where support costs cannot be dirertly attrlbuted to a particular headin& they have been allotateil to cost of raising funds anil expendlture on charitable actlvltles on a ba515 consistent with use of the resources, accorilingto staff number5 engaged in an activity.
pLIFE IKfERNATIONAL-THE WILD CONSERVATION CHARITY Annual Report and Consolidated Financial Statements for the yearended 31 March 2024 Prlnclpal Accounting Policies contlnued Intsn8lble fixed assets Intangible fixed assets are initially measured at cost and subsequently measured at cost orvaluation, net of amortisation and any impairment losses. Amortlsation is recognised so as to write off the tost or valuatlon of assets over their useful lives estimated at 3 years on a straight line basis. The gain or1055 arising on the disposal of an asset is determined as the difference between the sale proceed5 and the carrying value of the asset and is recognised in net incomellexpenditurel for the year. Taryglble fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Fixture5 and fittings IO% and 25% straight line Computer equipment 25% straight line Office equipment 33% stralght Ilne Motor vehicles 25% straight line The gain or105s arlslng on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognlsed In net Incomellexpenditurel for the year. Herita8e assets The charlty acquires and maintains nature reserves in support of the charity's main objectives. The nature reserves are recorded in the Balance Sheetatcostand the Board of Trustees considertheassetsto have an infinite useful life and therefore do not consider it approprlate to charge depreciation. Flxed asset investments Cash investments arè stated atcost. Listed investsnents ar@ inttially measured attransaction price excludingtransaction costs and are subsequently measured at fair value at each reporting date. Changes in fair value are recogni5ed in net incomellexpenditurel for the year. Transaction costs are expensed as incurred. A subsidiary is an entity controlled by the charity. Investments in subsKdiarie5 are measured at cost less impairment. Impaimient of Ilxed asset5 At each reportin8 end date, the charlty reviews the carrying amounts of Its tsngible a55etS to determine whether there is any ind¢cation that those assets have suffered an impairment loss. If any such indication exlsts. the recoverable amount of the asset is estimated in ord@r to determine the extent of the Impairment loss lif anvl. Stocks Stocks are stateil at the lower of cost and estlmated selling price le55 costs to complete and sell. Cash and cash equlvalents Cash and cash equivalents include cash in hand, and highly liquid bank accounts. Cash held as part of an investment portfolio is included with the Investment to which it relates. Cash held In deposlt accounts with a maturity of more than 90 days held for investment purposes rather than to meet short-term cash commitments as they fall due are included in current asset investments. 30
PLANTUFE INTERW.ATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolidated Financial Ststements for the year ended 31 March 2024 Prlnclpal Accountln8 Pollcles continued Flnancl•l instruments The charlty has elected to apply the provisions of Section 11 'Basic Financlal Instruments, and Section 12 '0ther Flnanclal Instrnments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the tharlty's balance sheet when the charity becomes party to the contractual provlslons of the instrument. Financial assets and liabilities are offset. wlth the net amounts presented in the finantial statements, when there is a legally enforceable right to set off the recognised amount5 and there 15 an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Buslcflnunatsl ossets Basic financial a55ets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future ieceipts discounted at a market rate of interest. Financial a55et5 classified as receivable within one year are not amortised. Baslcflnanclul Ilobllltles Basic financial liabllities. including creditors, are initially recognised at transaction prlce unless the arrangement constitutes a financing transartlon, where the debt instrument is measured at the present value of the future payments dlKounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortlsed. Debt instruments are subsequently carrled at amortlsed c05t, using the effectlve interest rate method. Trade creditors are obligatlons to pay for goods or services that have been acquired in the ordinary coyrse of operation5 from suppllers. Amounts payable are classsfied as current liabilities if payment 15 due wlthln one year or les5. If not, they are presented as non-current liabilitie5. Trade creilttorsare recognised initially at transactSon prlce and subsequently measured atamortised cost uslngtheeffective InteSt method. Dere¢ognltlon offinoncl¢vl Ilablllties Nnanclal liabilities are derecognised when the charlS contractual obllgatlons expire or are dlscharged or cancelleil. Taxaffjon The charity is exempt from corporatlon tax on its charitsble actlvlties. Taxation for the trading subsidiary is accnjed on its taxable profft. Employee benefits The c05t of any unused holiday entitlement is recognised in the period in which the employee's services are eived. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Retlrement benellts Payments to defined contribution retirement benefit schemes are charged as on expense as they fall due. Forelgn ex¢han8e Transactions In currencies other than pounds sterling are recorded at the rates of exchange prevaillng at the dates of the tran5action5. At each reportlng end date, monetary assets and liabilwties that are denominated In foreign currencles are retranslated at the rates prevaSllng on the reporting end date. Gains and losses ari5in8 on translation are Included in net incomellexpenditurel for the period. 31
PL4NTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolidated Nnanclal Ststements for the year ènded 31 March 2024 Prlncipal Accounting Pollcles contlnued Fund Accountln8 Where funds are received for a specific purpose set out by the donor or implied by the terms of appeal, these are shown as restricted Income in the Statement of Financial A¢tlvlties. Funds donated to be held as capital are shown as Endowment Funds. Expenditvreforthe purpose specified is applied againstthe income and any amount unexpended at the balance sheet date 15 Shown within Restrlrted Funds. General funds are unrestricted funds which are available for use atthe Iliscretion of the trustees in furtherance of the general objectives of the charity and which have not been desi8nated for other purposes. The trustees, attheir discretion, may set aside funds to cover specific future costs. Such funds are shown as designated funds within unrestricted funds. Should the trustees decide such funds are no longer requlred forthe purposes intended, they may be released by transfer to the general unrestricted funds. 32
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolidated Financial Ststements for the year ended 31 March 2024 Notes to the Financial Statements Income from donatlons and le8acles Unrestrirted funds 2024 Restrlrted funds 2024 Totsl Unrestrlrted funds 2023 Restrlcted lunds 2023 Total 2024 2023 Donallons and gffts Core funding Reserves management Conservatlon actlon 542.611 6.265 2,344 551,220 100,328 68,436 1,007,436 1,176,200 642,939 74,701 I,CK39,780 1,727,420 401,481 450 401,481 28.648 508,143 938,272 28.198 431,403 459,601 76,740 478,671 Legacies re¢eivable Core fundlng Conservation action 626,858 626,858 8,020 634,878 2,362,298 428,791 428,791 101,647 530,438 1068,710 8,020 &ozo L184,2ZO 101,647 101,647 561.248 626,858 1,178.078 428,791 907,462 Income from tharitable actlvitie5 Unreslrlcted funds 2024 Restritted funds 2024 Totsl Unrestrlcted funds 2023 Restrirted funds 2023 Totsl 2024 2023 Conservation activities 94,542 1,186,841 7,320.668 7,415,210 1,186.841 &602.051 345,129 833,784 1,178,913 2.637,662 2.982.791 Membership income 833.787 3.81&578 1.281,383 7,320,668 2,637,665 Investment income Unrestrlcted Endowment funds funds genefal 2024 2024 Totsl Unrestricted Endowment fund5 funds general 2023 2023 T¢)tsl 2024 2023 Income from listed investments Deposit atcount interest 27,403 176,263 203.666 61.928 89,331 176,263 265,594 13,453 31,477 44,930 56,584 70.037 31A77 101.514 61.928 56,584 33
PLANTUFE INTERNATIONAL-THE WILD PLqNT CONSERVATION CHARITY Annual Report and Consolldated Finanual Statemefttsfor thè year ended 31 March 2024 Notes to the Flnanclal Statements continued Other tradlng artlvltles Included in the consolidated accounts are the results of the wholly owned subsidiary, Plantlrfe Trading Limited, which delivers a range of paid for services comprising botsnical consultancy and evaluation work. Its summary statement of comprehensive income is: Total Total 2024 2023 Turnover 113,862 146,5831 67,279 113,103 150,0921 63,011 Cost of sales Gross profft Administrative expense Other operating income Operating ILoss)IProfft Interest payable and similar (Loss)Iprofit beftye taxatlon Tax on profit on ordinary activitie5 (L055)IPiofit after tax and Ilossllproflt forthe finandal year 1117.2911 410 155.5041 673 149,602) 14,7581 154.360) 8.180 8,180 11,5541 6,626 154,360) The aggregate capitsl and reserves for Plantllfe Trading Limited at the end of the reportin8 period was1£50,2231 (2023.. £4,137). Other tradin8 activfcies income comprises of magazine advertlslng Income and insurance claim income. Income from115ted investments Permanent endowment Invested on a totsl retttrn b•s15 The charity has exerclsed Its rights by the trustees under section 104IAI of the Charities Att 2011 on 14 October 2017. This power permits the trustees to Invest permanently endowed funds to maximise totsl return and therefore to apply an appropriate portion of the unapplied total return to income. The unapplied total return remains invested as part of the permanent endowment until that power is exercised. When exercised it allows the trustees to apply an appropriate portion of the unapplied totsl return to income each year. During the current year the trustees have transferred £nil12023.' £nill to unrestrfcted Income fvnd& In decldlng this amount. the trustees considered the level of Income received since adoptlng the total return basis and determlned this approach appropriate.
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolidated Finan¢ial Ststements for the year ended 31 March 2024 Notes to the Financial Statements contlnued 5 continued. Inwme from listed Investments Permanent endowment Invested on a total retum basis Trust for Unapplled Totsl investment total return er¥dowment at 31 March 2023 Trust for investment 1.700,000 1.71N),000 933,371 2,633,371 Unapplled totsl return 933,371 933,371 1,700,OC(I Movements In the perlod Investment return- dividend5 and interest Investment return- realised and unrealised gains an(1 (losses) Investment management fees 61,928 159,395 116,4091 204,914 61,928 159,395 116,4091 204,914 Unapplied total return allocated to Income In the period Net movements In the perlod 204,914 204,914 at 31 March 2024 Trust for investment 1,700,0 1,700,000 1,138,285 2,838.285 Unapplied totsl return 1,138,285 1,138,285 1,700,000 Costs of ralsln8 funds Unrestyirted Endowment funds funds general 2024 2024 Totsl Unrestrlrted Endowment funds funds Eeneral 2023 2023 Total 2024 2023 Raisin8 donatlons and les•c5es Staff dlrert 117,346 121,841 702,468 92,697 6,974 1,041,326 105,619 6,569 117.346 121,841 702,468 92,697 6,974 1,041,326 105.619 22.978 150,355 3,761 485,682 2,825 1.712 644,335 49,303 4,748 150.355 3,761 485,682 2,825 1,712 644,535 49,303 21,545 stsff support Other direct other support Governance Other tradln8 artivitles Investment management costs Totsl cost of ralsln8 funds 16N09 16.797 1.153,514 16A09 1,169,923 698,386 16,797 715,183 35
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Con501idated Financlal Ststements for the year ended 31 March 2024 Notes to the Financial Statements conilnued Charitable actlvltles Unrestrlcted funds 2024 Restritted funds 2024 Total Unrestrlcted funds 2023 Restricted funds 2023 Totsl 2024 2023 Conser¥atlon actlvlties Reserves management Conservation action 276,447 692,085 82,877 1,051,409 278,104 ioo,oio 5.029,037 20,000 5,149,047 359,310 11.680 376,457 5,721.122 102.877 233,150 475,560 48,887 39,234 1,736,790 8,7(M) 1,784.724 566,782 4,832 272,384 2,212,350 57,587 2.542,321 596,728 13,082 Internatlonal 6,200.456 637.414 20,720 658,590 757,597 29,946 8,250 Share of support costs Share of governance costs T<rtal conservatlon actlvltles 1,338,553 5,520,037 795,793 2,356.338 3.152,131 People enga8ernenL educatlon and membership Communicating and educatlng members and the public Share of support costs Share of governance costs Total people engagement, educatlon and membershlp 756.476 157,048 913,524 806,419 231,956 1,038,375 197,963 6,435 197.963 6.435 21,105 5,485 28,412 1,495 49,517 6,980 960,874 157,048 1,117,922 833,009 261,863 LO9472 Total cost of tharltable activitles 2,299,427 5,677,085 7.976.512 L628.802 2,618.201 4,247,003
PLANTLIFE INTERNATIONAL-THEWILD PLANT CONSERVATION CHARITY Annv41 Report and Consolidated FIna[al Statementsfor the year ended 31 March 2024 Notes to the Flnanclal Statements contlnued Grant maklng actlvltles Activities Grantfunding Support costs undertaken of activities to dirertty Instltutlons 2024 2024 Totsl Total 2024 2024 2023 Biodlverslty enhancement programme 1,601 3.618,503 3,618,503 72,704 71704 3,692,808 453,876 453A76 1.601 3,692W8 Plantlrfe is In the second year of Its malor blodlversity enhancement programme. During the year an additional 100.74 hectares of land have been brought into the programme, and grant funding made to enable thelr participation in a 15-year meadow restoratlon plan wlth the object to demonstrably enhance biodiversity on the land. Material grants to institutions made this year were.. Warren Farni Forder Farni Yelland Farffl Hlgher Hurston Fami 51ei8ht- Totsl Grant holmedale Payments Payments maile in the year Accruals for fLrture payments due Revaluatlon of future payments due 139,725 48,285 19,377 254,385 102,087 307,935 999,157 1,752,747 1.749,487 1,858,063 1139,7251 10,953 123.577 10,953 10.953 67,662 356,472 431.512 2,751,904 3,61&503 Support costs Sypport Governance costs 2024 T¢)tal Support Governance costs 2023 Totsl 2024 2024 2023 2023 Staff costs 596,271 596.271 453,644 34,129 1,084,044 372,798 280,032 372,798 280,032 21,774 674,604 Other support Governance costs 453,644 34,129 34,129 21.774 1.049,915 65230 21,774 Analysed between Fundraising Charitsble activities 214,538 835,377 6,974 27,155 34,129 221,512 862,532 6,585 646,245 1,712 20,062 21,774 8,297 666,307 674,604 1.049.915 1,084,044 652.830 37
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARrrY Annual Report and Con501idated Financial Statements for the year ended 31 March 2024 Notes to the Flnancial Statements Contlnued 10. Donated goods. fatilities and servlces On 29 August 2023 the trustees of The Woodmeadow Trust Itharity number 1151831, company number OW3761 1mT.) elected to transfer the assets, transfer or assign leases and transfer the Intellectual property rights of the WMT to Plantlife, having deterniined that it5 object5 would be more effecttvely fulfilled by the said transfer5. Having established that the objects of the WMT were aligned with those of Plantlrfe, the trustees of Plantlife agreed to accept and carry on certsin of the Wmfs a55ets and activitie5. The assets donated to Plantlife as a result of this combination are= Doscrlptlon Accounting treatment Valuation method Valuatlon Goodwill No value assigned Leasehold propertles Land known as Three Hagges Woodmeadow New lease agreed between landowner Lease terms Peppercorn and Plantlife. Fl¥ed & moveable Polytunnel Cabin & fixture5 Addition to Plantlife's Net book value on £72,394 assets fixed assets as a ate of transfer Golf buggv Buggy contalner Tractor donation. Depreciation in line with Plantlife's policv. Shipping container Three ongolng gr3ntfun(led projects. Restricted funds and Restricted donation Unspent balances of project funding £33,098 benefit of the grant ontracts Business names Woodmeadow Trust nla No value assi8nÈd NIL Business information Subject to privacy policies, access to list5 of benefactors. members, supporters and on8oin8 funding initiatives nla No value assigned NIL Business intellectual Reglstered and unregistered trademarks. nla No value assigned NIL property rights Web domain name and Social media accounts. Third party rights n/a No value assigned NIL Plantlife urtdertook to employ 4 members of WMT staff. Inltlally for a fixèd transition period of six months, extendlng to permanent contracts. WMT volunteers continue their activities at Three Hagges Woodmeadow. Their contribution of 187 days1£46.8751 is included with Plantlife's volunteer figures forthe year. At 31 March 2024the WmThad not beenfullydissolved. Al remaining cash balance5 held byWMTwill be donated to Plantlife once dissolutlon Is completed.
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Reportand Consolidatèd financial Statements for the year ènded 31 March 2024 Notes to the Flnanclal Statements conilnued 11. Net movement in lunds 2024 2023 Net movement In funds Is stated after charging: Fees payable to the companvs audltor for the audlt of the flnancial statements Depreclatlon of owned tan8lble assets Amorti5ation of owned intangible as5et5 Operatlng lease charges 21.600 43,216 16,071 26,620 17.023 42,245 144 48,414 12. Employees and staff costs The average number of full-time equivalent employees in the year was- 2024 number 53 2023 number Charltable artlvlties Generating funds Management and administration 41 li 73 58 The average number of staff on a head count basis in the year wa$ 8312023: 691. The aggregate remuneration comprises- 2024 2023 Wages and salarles Social security Pensions 2.580,938 245,662 138,187 3,784 1,967,420 193,862 105,767 Ex-gratia payments 16.160 2.96U71 2,283.209 The key management personnel of the charity comprise the trustees and the senior management team. The aggregate employee benefit received by Plantllfe's key management personnel was £371,303 (2023.. £285,879J. None of the trustees recelved any remuneration or other benefits from Plantlife. At the perfod end £nil (2023.. £nill of penslon contributions had yetto be paid over by the charlty- The ex-gratia payment relates to a termination payment for one staff member. The number of higher paid employees wa5: 2024 Number 2023 nymber £60,001- £70,(KIO £110,001- £120,000 39
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARrrY Annual Report and Consolldated Financial Statements for the year ended 31 March 2024 Notes to the Flnanclal Statement5 Continued 13. Net {losses)Igalns on Investments Unrestrlrted Endowment funds funds genernl Z024 2024 Totsl Unrestrlcted Endowment fund5 funds general 2023 2023 Total 2023 Revaluation of Investments 67,963 159,395 227.358 148,9251 1139,8841 1188,809) 14. Taxallon Provision for corporation tax at 19% has been accrued on the taxable profits of Plantlife Trading Limited. IS. Intanglble flxed assets- Group and Charitsble Company Web55te Totsl Cost At l April 2023 Additions 40,305 16,147 40,305 16,147 Disposals At 31 Marth 2024 56,452 56,452 Depredatlon At l April 2023 Charge for the year Dlsposals At 31 March 2024 144 144 17,023 17,023 17,167 17,167 Net bookvalue as at 31 March 2024 39,285 40.161 39,285 40,161 as at 31 March 2023
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION cHARy Annual RepDrtand Consolklated Financlal Statements for the year ended 31 March 2024 Notes to the Flnanclal Statements contlnued 16. Tanglble flxed assets- Group and Charitable Companv rixtures and fittin8S Computer equlpment Motor vehlcles Total At l April 2023 Additions 54.534 64,509 12,1691 116,874 83,304 45.568 112,7741 116,098 51,757 22,685 115.3731 59.069 189.595 132,762 130,3161 292,041 Dlsposals At 31 March 2024 DeprecSatlon At l April 2023 Charge for the year Disposals At31 March 2024 45,343 7,036 12,1701 50.209 32,866 25,7(K) 111,3171 47.249 33,947 10,480 115,3731 29,054 112,156 43,216 128,8601 126.512 Net book value 8sat31 March 2024 6&849 50,438 30,015 17.810 165.529 77,439 as at 31 March 2023 9,191 17. Herltsge assets- Group and Charttsble Company at l April 2023 and at 31 March 2024 £1,582,805 Heritsge assets represent Nature Reserves and are recorded in the Balance Sheet atcost. In the yearto 31 March 2018, there were additions to heritage assets totalllng £195,092. There have been no othertransactions in heritage assets In the 6 years to 31 March 2024. Acqulsltlon The ownershlp of nature reserves 15 to be undertaken wlth direct reference to the fvlfilment of at least one of Plantlife's strateglc objectives. To be considered for acquisition. acceptante or retention, a strong case from any one of the three following crlterla must be met.. To delwer a strategic and long-term contribution to the conseNation of rare and threatened plants or fungi species, communities and assemblages where thi5 cannot practlcally be achieved by means other than land acquisition. To provlde a means thTOU8h which we are better able to influence the management of landscape5 that are of strategic Importance to Plantlrfe Iprin¢lpally those within IPAS). To generate active support for Plantlife anil plant conservation through face-to-face en8a8ement with the public and provision of an inspirational vlsltor experien. In all cases the area of the land should be considered. An area greater than 50 hectares is preferable, but small, critically important sltes may be of interest dependent on other criterla measures. In situatlons where a parcel of land contributes or 15 contiguous to exlsting protected areas or links such areas, a smaller hectara8e wlll be more acteptsble. 41
PLANTLIFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolldated Flnanclal Statements forthè year ended 31 March 2024 Notes to the Financial Statements contlnued 17 Contlnued. HerStage assets- Group and Charltsble Company Where Plantlife Is acquiring the land, independent professional advice should be obtained In respect of the value of the land and the prlce belng charged. Payment of a premium may be acceptable for lan(1 of crttical botanlcal Importance. In all cases the on-going financial and human resource commltment requlred to manage the land must be taken into consideration. If the proposed 3CqUiSition is instrumental in engaging a new or broad audier¢ce with a particular focus on meeting our equality, diversity and inclusion objectives Plantlife may from time-to-time compromise on the quality of the conservation potential. Dlsposol Plantlife views Its reserves as being held in perpetuity forthe benefit of all Plantlife members and the public as places to see and enjoy wild plants and to protect and conserve the wlld plant Interests at each site. Plantlife has no plans to dispose of any of its reserves but if required to do so through, for example, compulsory purchase orders, would seek to ensure that slmilar or better stsndards of management and preservation were regulred of the new owners. 42
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARrrY Annual Report and Consolldated FSnancial Statementsforthe year ended 31 March 2024 Notes to the Financial Statements continued Flxed asset Investments Group Cash and settlement pendlng Lirted Inveslments Total Cost or valuaan At l April 2023 Additions 3.265,540 2.359,767 98,176 11.909,7671 5.588 3,363.716 450.000 227.358 Valuation changes Disp05als Dlvidend and Interest Income net of fee5 221,TlO 11,845,891) 1,845,891 38,950 38,950 At31 Mah 2024 4,001,186 78.838 4J)80,024 Carrylng amount asat31 Marth 2024 4.001.186 78,838 98,176 4.080,024 3.363,716 as at 31 March 2023 3,265.540 Listed investments at fair value compri5e-. 2024 2023 UK fixed interest 498,754 132,135 323,245 2,510,966 178,868 357,218 168.326 153,187 841.016 1,467.735 198,822 436,454 Overseas fixed interest UK equities Intemational equities Property Alternatlve assets 4,001,186 3,265,540 The historical cost at the end of the perlod was £3,599,671 (2023.- £2,908,168J. The investment consists of twofunds= Unrestricted £1,241.738 (2023.-£730.344).' and Perniahent Endowment Fund £2.838,28512023.. £2.633,371). Charitable Company In addition to the group investments detailed above, the charitable company also owns 2 ordinary shares of £1 representlng 100% of the issued share capltal of Plantlife Trafiing Llmlted. See also note 33.
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Corwlldated Nnanclal Ststements for the year ènded 31 Marth 2024 Notes to the Flnanclal Statements continued 19. Finandal Instruments Carryln8 amount of finala1 instruments Group Total 2024 Total 2023 Charitsble Companv Total 2024 Total 2023 Measured at Amortised Fair Value Cost Financial assets Investments 3,529.054 3,529,054 2,099,136 1,420,817 904,816 1.043,461 1,383.742 3,529,054 2,015.056 904,816 1.007.613 1,382.733 Trade debtors 2,099,136 1,420,817 Cash at bank and in hand 1.413,716 Financial liabilities Creditors due within one year Creditors due after more than one year 11,001,7021 11.(K)1,7021 1530,4441 1986.8801 1527,8751 11,601,613) 11,601,613) 192,4511 11,601,613) 192,4511 All financial assets and financial Ilabllltles quallfy as basicfinancial instruments. Valuation methods applled Investments are valued at the current value of invested funds. CTedttor5 due after more than one year are valued at the present value of the future payments discounted at a market rate of interest for a similar debt instrument a5 determined at initial recognition. The total amount payable of £1,943.764 has been discounted at the Ur)ited Kingdom 15 Year Government Bond rate of 4.245%. Income and eMpen5es measured at falr value through the Statement of finan¢lal artlvltles Group and charitable company 2024 2023 Financlal Assets Investments Balance at l April Interest recogni5ed in the 5totsment of financial activitie5 Investments made 904.816 41.238 2.683,C 1.290,444 14.372 3(X).000 I7[•,000) 904,816 Investments withdrawn Iico,0001 3,529,054 Rnanclal Llabllltles Creditors due after more than one year Balance at l April Revaluation reco8nised in the statement of financial activities Liability recognlsed at fair value in the statement of financial activltles 192,4511 110,9531 11,498,209) {1,601,6131 192,4511 (92,451)
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARrrY Annual Report and Consolidated Financial Ststements for the year ended 31 March 2024 Notes to the Flnanclal Statements contlnued ZO. Stock- Group and Charitable Company Durin8 the year ended 31 March 2017 the charfty entered Into an agreement to acquire a flock of 426 sheep. The charity owns the sheep and ha5 provided them to a farmer for the purpose of grazing the land on a nature reserve. The flock retains its value at £42.514 f2023.' £42.514}. 21. Debtor5 Grovp 2024 Charitable Companv 2024 2023 2023 Trade debtors 2.099,136 562,249 246,239 1,043,461 876,689 52,549 2,015,056 563,866 246,239 124,965 I,7,613 876,931 92,549 29,909 Other debtors Prepayment5 and accrued income Amounts owed by Subsidiary undertaklngs 2,907,624 1.972,699 2,950.126 1,967,002 All amounts are receivable within one year from the balance sheet date. Included within other debtors ère grants receivable of £411.166 (2023.. £342,948) and legacies recelvable of £129,242 (2023.. £532,000J. 22. Current asset Investments- Group and Charitable Company 2024 2023 Unlisted investments 3,529,054 904,816 23. Credltors,. Amountsfalllng due within one year Group 2024 Charitable Company 2024 2023 Z023 Trade credltors Accruals for grants payable Accnjals and deferred income Social security and other taxes Other creditors 139,811 499,579 275.860 69,249 17.204 184,020 139.725 142,105 52,364 12,230 130,369 499,579 271,510 68,219 17,203 184.005 139.725 141,105 50,810 12,230 1,001,703 530,444 986,880 527.875 Accwals and deferred income includes £nil (2023.. nilj in respert of deferred incomlng resources.
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Consolidatsd Finantial 5tatementsfor the year ended 31 March 2024 Notes to the Financial Statements contlnued 24. Credltors: Amounts falllng due after me than one year- Group and Charitsble Company 2024 2023 Grant payments due 1.601,613 92,451 1.601,613 92A51 Grant payments due comprise amounts in relation to the biodlverslty Improvement programme and are expected to be pald accordlng to the following profile.. Expected date of payment Future Cash Payments Due 2024 Present Value of Future Cash Payments Due 2024 Future Cash Payments Presentvalue of Future Cash Payments Due 2023 2023 Due later than one year and not later than five years Due later than five years and not later than ten years Due later than ten years 1,198.384 1.056.997 46.575 37,051 698.805 516,383 28.233 46.575 46,575 30.855 24.545 46,575 1.943.764 1.601.613 139.725 92,451 25. Government grants The charity received grants from Bovernment, government agencies and similar bodies both local and national for consetvatlon projects to the sum of £2,221,436 (2023.. E2,221,436J. 26. Retirement benefit scheme5 The charity operates a defined contrlbutlon pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to profft or loss in respect of defined contribution schemes was £138,187 (2023.. £105,767J.
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARrtY Annual Report and Consolldated Flnanclal Ststements forthe yearended 31 March 2024 Notes to the Financial Statements contlnued 27. Endowment fund5- Group and Charitable Company Endowment funds represent assets which must be held permanently by the Charity. Income arlslng on the endowment funds can be used in accordance with the objectsof the charity and is included a5 unrestricted income. Any capital gains or losses arising on the assets form part of the fund. Pemianent endowments Balance at l April 2022 Movement In fun(Is 2.733,468 Intoming resources Resources expended Transfers 56,584 116,7971 Revaluations gains and losse5 Balanfe at YI Marth 2023 1139,8841 2,63$371 Movement in funds Incomlng resources Resources expended Transfers 61,928 116,4091 Revaluations gains and losses Balance at 31 March 2024 159,395 2,838,285 An amount of £7(K),000 was donated to Plantlife in 1992 by an anonymous donor and an amount of £1,221,575 was donated to Plantlife in 2010 also by an anonymous donor. The gifts were made to the charlty on condition that they be held as permanent endowment, the income from which is to be applied to fund the actfvities of the charity. From 14 Ortober 2017 the permanent endowment has been managed on a total return ba515. Refer to note S for more informatlon. 47
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Con501idated Finantial Statements for the year ended 31 March 2024 Notes to the Financial Statements continued 2& Unrestrirted fvnds The income funds of the charity include unrestricted funds comprising the following unexpended balances- Investment valuatlon serve Gernrallund tlesl8natsd For. Systèms & capaclty development Totsl Green ffinarKe Inlllatl¥e Balance at l April 2022 Movement in funds 2,674,391 103,356 512,871 3,290.618 Incoming resources Resources expended Transfers Revaluation gains and losses Taxatlon 2,254,374 12,209,490) 50,0001 2,254,374 12,327,187) 1117,6971 50,CQO 148,9251 148,9251 11,5541 11.5541 Balano at 31 March 2023 2,667,721 54A31 395,174 50.000 3.167.326 Movement In funds Incoming resources Resources expended Revaluatlon gains and losses 2,771,600 13,393,1621 2,771,600 13,452,941) 159,7791 67,963 67,963 Balance at 31 Marfh 2024 2.046.159 122,394 335.395 2.SS3,948 The investment valuation reserve values unrestrlcted Investments at fair value. Changes in value from initial cost are reflected in the investment valuation reserye. The trustees have designated certain unrestrlrted funds for specific purposes. An amount has been assigned to fund the ongoing development of Plantlife's operatlonal systems and capacity, including the strengthening of our IT systems and capability. £50,C(() has been allocated to begin Investlgatlons Into green finanting and its potential to contribute to the achievement of Plantlrfe's strategic goals.
PLANTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARiff Annual Report and Consolidated FFnancial Statements for theyearended 31 Marth 2024 Notes to the Flnancial Statements continued 29. Restricted funds- GTOUP and Charitable Company The income funds of the charity include restricted funds comprising the followin8 unexpended balan5 of donatlons and grants held on trust for speclfic purposes.. Nature Land RonKombe rèserves purtha5in8 Fami fund Reserves 8lodfverslty colrvatIOn m¥n4ement enhanment acllon pro8ramme Totsl Balance at l April 2022 Movement in fund5 1,167,532 121,019 225.000 38,933 811.056 2,363.540 Incoming resources Resources expended Balance at 31 March 2023 29,845 139,2331 29,545 1,057,500 2,111,616 3,198.961 1453,8761 12,125,092) 12,618,201) 603.624 797.580 2,944,300 1,167.532 121.019 225.OlXI Movement in fund5 Incoming resources Resources expended Balan at 31 March 2024 75,755 5,728,590 2,700.543 8,504,888 {100,0101 13,692,808) 11,884,267) 15,677.0851 5,290 1639A06 1,613,856 5,772.103 1.167,532 121.019 225,IlX) Nature reserves A total of 24 nature reserves are owned or leased by Plantllfe. The purchase of nature reserves is funded by grants, sponsorship monie5 and private and publlc donatlon& Funds raised for specific reserves have been set against the full cost of land purchase, with any surplus allocated to management or general land purchase funds, within the terms of the appeal. Land purchasing fund Thlsfund comprlses monies dedicated to land purchase recelved vla public appeal or legacy that has not yet been spent. Rans¢ombe Fami Ranstombe Farm was acqulred by Medway Council in 2004. Medway Council wished to establish the site as a form of untry park and Plantlife wished to secure ownership and management of the 51te to conserve the rare plants there. It was agreed that Plantlife would acquire the freehol(I to 44 hectares for the consideration of £225.IXJO and the leasehold to the remaining 185 hectares for a period of 25 years at a cost of £1. per annum. The restricted fund comprises the monies raised for the freehold purchase. Reserve5 management The terms of certain appeals, ETants and donations restricts monies raised to the maintenance and management of specific reserves or reserves in Eeneral. Biodlverth enhancement programme Working on our own reserves and in partnership with other landowners, this project aims to achieve considerable improvements to the blodiversity of various sites through the implementation of long term management Interventions. Con5ervatlon artion Plantlife's conservatlon action programmes receive grants ralsed from 8overnment agencies, charitable trusts an(J Income from specific appeals. 49
PL4NTUFE INTERNATIONAL-THE WILD PLANT CONSERVATION CHARITY Annual Report and Con501idated financial Statements for the year ended 31 Mar¢h 2024 Notes to the Flnanclal Statements continued 30. Analysis of net assets between funds Fund balances are represented by- Intangbble assets Tanglble Herltage InvÈ5tmèrts assets Cuwrent Credltors: a5setsl amounts due (liabltIes) after m¢Jre than oneyear Total Balance at 31 March 2023 Unrestricted funds 40.161 77.439 190,273 1,392,532 730,345 2,129.108 1.644,219 3,167,326 192.4511 2,944,3 2.633,371 (92,451) 8,744,997 Restricted funds Endowment fund 2.633,371 77,439 I,582,5 3.363.716 Y.773.317 Totsl 40,161 Balance at 31 March 2024 Unrestricted funds 39,285 165,529 190,273 1,241,739 1.392,532 917,122 5,981,184 2,553,948 11,601.6131 5,772,103 2.838,285 2,838,285 39,285 165,529 1.582.805 4,080,024 6.898306 11,601,613) 11,164.3J6 Restricted funds Endowmentfund Total 31. Operatlng lease commitments The total future minimum lease payments under nOn-CanlIable operating leases in respect of property and office equipment are as follows= 2024 2023 Expiring not later than one year Expiring later than one year and not later than five years Expiring later than five year5 42,245 82,127 35,785 105.248 IZ4.372 141.033 The total leasing costs duringthe year were £42,245 {2023.. £48.414.) 32. Related party dlsclosures Nerther the trustee5 nor any persons connerted with them received any remuneratiorh during the year12023= nill. The travel and accommodation expenses of 8 (2023.. 5) trustees to the value of £1,840 (2023.- £1,109} were relmbursed during the year. During the yeai Plantlife received donatlons to the value of £5,469 of which £5.130 were restricted (2023.. £1.167 of which £510 were restricted) from its trustees. None of these donations contained any conditions that would, or might, requlre the charity to alter slgnfflcantly the natu of Its existing activities. 50
PLANTUFE INT£RNATIONAL-7HE WILD PIANT CONSERVATION CHARrrY Annual Report and Consolldated F5nanclal Statements forthe year ended 31 March 2024 Notes to the Flnanclal Statements continued 33. Subsldlarles At 31 March 2024 the charity had one subsldlarv.. Plantlrfe Tradlng LSmlted 02742265 Name of undertaking Registered company number Registered territory Nature of busine55 England & Wales Other professional, sclentffic and technical activities not elsewhere classifietl Ordlnary Class of share5 held Percentsge shareholdlng Idirectl After the balance sheet date, on 3rd April 2024, the charlty registered a new subsidlary company: Plantlife Blodiversity Enhantements Llmited 15614364 Name of undertaklng Re8lStered company number Registered territory Nature of busines5 England & Wales Other professional, sclentific and technical actlvltles not elsewhere classified Ordinary Class of shares held Perntage shareholdlng Idirectl 51