Charity registration number1064805 Company registration number 03410432 (England and Wales} BERWICK SWAN AND WILDLIFE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
BERWICK SWAN AND WILDLIFE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Directors And Trustees Mr. R. Goff Mr. W. Curtis (Chairman) Mr. D. Roughton (Treasurer) Mr. L. Campbell Mrs. P. Goff Mr. M. Greener Mrs. G. Powell Mr. J. O'Grady Secretary Mrs. P. Goff Charity number 1064805 Company number 03410432 Registered office The Swan Shed Windmill Way East Ramparts Business Park Berwick upon Tweed Northumbedand TD15 1TU Independent examiner Colin Frame CA 17 Walkergate Berwick-upon-Tweed Northumbedand TD15 1DJ Bankers Bank of S(x)Uand 61 Hide Hill (Betwick Branch) Berwick upon Tweed Northumbedand TD15 1EN Solicitors T.C. Smith 9 Church Street Berwick upon Tweed Northumbedand TD15 1EF
BERWICK SWAN AND WILDLIFE TRUST CONTENTS Page Directors and trustees report Independent examinees report Statemenl of financial activities Balance sheet Notes to the accounts 8-17
BERWICK SWAN AND WILDLIFE TRUST DIRECTORS AND TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The directors and trustees present their report and accounts for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to thé financial statements and comply with the Trust's Constitution, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" {effective 1 January 2019). Objectives and activtties The Berwick Swan and Wildlife Trust (the Trust) was founded in the wake of a chemical spillage on the Tweed. By establishing a local treatment centre it is hoped to be better equipped to deal with any similar problems as well as day lo day cases. The Tnjst objectives include.. Relieving the suffeting of swans and other wildlife of any species who are in need of care and attention and lo provide and maintain facilities for the reception and care of wildlife- The provision of training for volunteers., Maintaining the Trust's profile through local press, local events and their website., and Increasing membership levels. The directors and trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake. A¢hievements and performance This year we have been able to thoroughly test out the new Hedgehog Shed. We have been able lo look after 28 hedgehogs from October through to April in the shed. It has been a great success. but if the hedgehog numbers increase as they have been doing we shall need more room. Perhaps another shed! The Hogwards Shed has made life much easier for the hogs and the staff and volunteers. The alterations made to the undercover aviary to increase height and length have been very useful. We can accommodate Barn and Tawny 05 with ease. We even had a Buzzard using it for a short time. We have also built two small new aviaries wilh safety doors for smaller birds. In the breeding season we never before had enough aviaries to keep species apart. Jim and lan managed to salvage and re-site the old aviaries, repairing as needed and these are providing isolation aviaries. We still are having to take care with Avian Influenza and these aviaries are a very useful addition. We now have stsff members so that we can cover the whole week. They are working together very well. We sent them on a course covering Hedgehog first aid and treatment. They, along with Ihe volunteers to help, are gradually becoming able to handle all the day to day treatment of hedgehogs al the Centre. Financial Review The total ordinary income for the year amounted to £33,679 with legacies of £28,726 taking the total to £62,405 (2023-. ordinary income £24,537). Running costs for the year totalled £64,238 (2023.. £51,115) which resulted in the Trust recording a deficit of £1.833 (2023.. sulUS of £151.977}. Capital expendrture was £2,365 (2023: £2171. Several large legac4es were reiVed during the year and one further legacy has been notified to the Trust. However, with the donorfs estate still Currently being wound up, we are unable to quantfy our share of the legacy Ihat will bè r8c8ived. The balance of free funds on 31 March 2024 was £171,62012023.' £170,757), the Unrestricted Designated Fund represenls the value of land and buildings together with Ihe emergency resetve and totalled £131.895 12023.. £134.585 ). The Restricted Fund tolalled £38 {2023.' £441 and is specifically for use in the educational outreach project.
BERWICK SWAN AND WILDLIFE TRUST DIRECTORS AND TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Reserves pollcy The directors and trustees have reviewed the reserves of the Trust in relation lo current and future requirements, and Ihe nature of the reseNes held and consider the levels held adequately allow the Trust to continue lo meet its charttable objectives in the short temi. The Trust continues to undertake the feasibility projecl to look at its future, amongst other Ihings, and future plans are being fomulated with regard to the level of reserves. In the meantime the funds are invested in a deposit account in order to obtain a reasonable level of interest without taking any risk as to the value of the deposit. The Trust, as mentioned elsewhere, is looking to safeguard its future and wish to ensure the legacy reserves are used to do this. Risk review The directors and trustees have assessed the major risks to which the Tnjst is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Plans for the future During the year we have nOtid that the building and fences are needing repainting. We have some gullering that needs replacing as well a5 some other minor repair5. We have no plans to build any more aviaries next year but hope to paint and repair the buildings. We are also waiting for a survey to give us details of cost and eventual savings of installing solar panels. Electric and gas are our most costly outlay and it would help to cut these down. We would also like to send our staff ladies on another husbandry or wildlife care COLtr5e. It is good for them to work and learn together and build a good working relationship. Public benerrt In considering the operation, achievements and performance and finances of the Trust, the directors and trustees are satisfied that public benefit has been provided in accordance with the Charities Act 2011 and the guidanc8 provided by the Charity Commission. structure. governan¢e and management The Trust IS an association which together with its property shall be administered and managed in accordan with its Constitution adopted on 28 May 1992 by the members of the Executive Committee (directors and tTUStees). The Trust is a limited company with no share capital, being limited by guarantee. The directors and trustees who seNed during the year were.. Mr. R. Goff Mr. W. Curtis (Chairman) Mr. D. Roughton {Treasurer) Mr. L. Campbell Mrs. P. Goff Mr. M. Greener Mrs. K.A. Keenan Mrs. G. Powell Mr. J. O'Grady (Resigned 8 May 2023)
BERWICK SWAN AND WILDLIFE TRUST DIRECTORS AND TRUSTEES REPORT (CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Appointment of directors and trustees The members of the Executive Committee are responsible for the policy and general manag&ment of the affairs of the Trust. Committee members are elected at the Annual General Meeting and serve for 5 years. one third rets'ring annually. The Committee may co-opt up to four further members to hold office up lo the conclusion of the next Annual General Meeting. The Chairman and Honorary Officers are elected annually for a maximum of five consecutive years. All directors and trustees are required to declare their eligibility to fulfil the legal responsibilities of the role, with introduction training and appropriate documentation offered to all new directors and trustees covering health and safety and wildlife care issues. statement of directors and trustees responsibilities The trustees, who are also the directors of the Trust for the purpose of company law, are responsible for preparing the Directors and Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom GenerallyA¢¢epted Accounting Practice). Company law requires the directors and trustees to prepare accounts for each financial year which give a ttue and fair view of the slate of affairs of the Trust and of the incoming resour$ and application of resources, including the inwme and expenditure, of the Trust for that year. In preparing these accounts, the directors and trustees are required to.. select suitable accounting policies and then apply them consistently. - observe the methods and prin(iples in the Charities SORP" make judgements and estimales that are reasonable and prudent., state whelher applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts., and prepare the accounts on the going concem basis unless it is inappropriate to presume that the Trust will continue in operation. The directors and trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of Ihe Trust and enable them to ensure thal the accounts comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors and truslee5 report was approved by the Board of Direclor5 and Trustees. Mrs. P. Goff Trustee Daled..
BERWICK SWAN AND WILDLIFE TRUST INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS AND TRUSTEES OF BERWICK SWAN AND WILDLIFE TRUST I report to the directors and trustees on my examination of the financial ststements of Be1¢* Swan and Wildlrfe Trust {the Trust) for the year ended 31 March 2024. Responsibilities and basis of report As the trustees of Ihe Trust land also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companiés Aet 2006 Ilhe 2006 Act). Having satisfied myself that the financial statements of the Trust are not required to be audited under Part 16 of the 2006 Act and are eligible for independenl examination, I report in respect of my examination of the Trust's financial statements carrted out under section 145 of the Charities Act 2011 (the 2011 Act}. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)Ibl of the 2011 Act. Independent examinees statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by sectr.on 386 of the 2006 Act- the financial statements do not accord with those records- or the financial statements do not comply wtth the accounling requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or Ihe financial statements have not been prepared in accordan with the methods and principles of the statement of Recommended Practice for accounting and reporting by charits.es 8ppli¢able to charits'es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no concerns and have come across no other matters in o)nnectÉon with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Colin Frame CA 17 Walkergate BeICk-uP0n-Tweed Northumberland TD15 1DJ
BERWICK SWAN AND WILDLIFE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financial year Unrestricted Unrestrided Restricted funds funds funds general deslgnated 2024 2024 Total Total 2024 2024 2023 Notes Income f Donations and legacies Other trading activities Investments 49,356 4,065 8,984 49,356 4,065 8,984 198,492 3,805 2,795 Total income 62,405 62.405 203,092 enditure on: Raising funds 806 806 506 Charitable act¢vities 60.690 2.690 63,386 49,853 other 46 46 756 Total resources expended 61,542 2,690 64,238 51.115 Net incomel(expenditure) for the yearl Net movement in funds 863 12,6901 {61 11.833} 151,977 FLsnd balances at 1 April 2023 170,757 134,585 305,386 153,409 Fund balances at 31 March 2024 171.620 131,895 38 303,553 305,386 The ststement of financial activities includes all gains and losses recognised in Ihe year. All income and expenditure denv8 from continuing activities. The statement of financÉal activities also Complies wÉth Ihe requirements for an income and expenditure account under the Companies Act 2006
BERWICK SWAN AND WILDLIFE TRUST STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year Unrestricted Unrestricted Restricted funds funds funds general designated 2023 2023 Total 2023 2023 Notes Income from: Donations and legacies Other trading activities Investments 196,492 3,805 2,795 196.492 3.805 2,795 Total income 203,092 203,092 enditure on: Raising funds 506 506 Charitable activities 47.154 2.691 49,853 Other 532 224 756 Total resources expended 48,192 2,915 51,115 Net in¢ominglloutgoingl resources before transfers 154.900 {2.915} (81 151,977 Gross transfers between funds (12,174) 12,174 Net movement in funds 142,726 9,259 {8) 151.977 Fund balances at 1 April 2022 28,031 125.326 52 153,409 Fund balances at 31 March 2023 170,757 134,585 44 305,386 The statement of financial actimts'es includes all gains and losses recognised in the year. l income and expenditure derive from continuing activit18S. The ststement of finanaal activities also complies with the requirements for an income and expenditure account under Ihe Companies Act 2006.
BERWICK SWAN AND WILDLIFE TRUST BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 13 100,020 101.825 Current assets Stocks Debtors Cash at bank and in hand 14 16 4,317 7,352 196,065 3,693 3,991 200,771 207,734 208,455 Creditors." amounts falling due withln one year 17 14,201) 14,894) Net current assets 203,533 203,561 Total assets less current liabilities 303,553 305,386 Income funds Restricted funds Unrestricted funds Designated fvnds General funds 18 38 44 19 131,895 171,620 134,585 170.757 303,515 305,342 303,553 305,386 The charitable company is entitled to the exemption from the audit requirement conlained in sects.on 477 of Ihe Companies Act 2006, for the year ended 31 March 2024_ No member of the charilable company has deposited a nolice, pursuant lo section 476. requiring an audit of these accounts. The directors and trustees acknowledge their responsibilities for ensuring thal the charilable company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affair5 of the charilable company as at the end of the financial year and of its incoming resou5 and application of resources, including its income and éxpenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otheise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The accou t5 were approved by the Directors and Trust8es on ........ LUoLLL9D- Mr. D. Roughton ITreasur<r} Trustee Mr. M. Greener Trustee Company Registration No. 03410432
BERWICK SWAN AND WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charity information Berwick Swan and Wildlife Trust (the Trust) is a private company limited by guarantee incorporated in England and Wales. The registered office is The Swan Shed, Windmill Way East, Ramparts Business Park, BeNick upon Tweed, Northumberland, TD15 1TU. 1.1 Accounting convention The financial statements have been prepared in accordan with the Trust's Constitution, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" {"FRS 102.1 and the Charities SORP °Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accoLfnts in acrdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" {effective 1 January 2019). The Trust is a Public Benefit Entity as defined by FRS 102. The Trust has taken advantage of the prions in the SORP for charities not to prepare a Ststemenl of Cash Flows. The financial statements are prepared in steding, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £. The financial Statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial ststements, the directors and trustees have a reasonable expectation that the Trust has adequats resour$ to continue in operational existence for the foreseeable future. Thus the directors and trustees continue to adopt the going ncern basis of accounting in preparing the financial statements. 1.3 Charitable funds The General Fund is an unrestricted fund, which is available for use at the discretion of the directors and trustees in furtherance of the general activities of the Trust. Designated funds comprise unrestricted funds that have been set aside by the directors and trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are fijnds which are to be used in accordance with specrfic restrictions imposed by donors or which have been raised by the Trust for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 1.4 Income Income is recogni5ed when the Trust Is legally entitled to il after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are re¢o9nised on receipt. Other donations are recognised once the Tnjst has been notified of the donation, unless performance ¢onditions require deferral of the amount. Income tax recoverable in relation to donations r8ceived under Gift Aid or deeds of covenant is recognised at the time of the donats'on. Legaoes are recognised on receipt or otherwise if the Ttusl has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset.
BERWICK SWAN AND WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continued) Membership subscriptions are recognised in the year in which they are received. 1.5 Expendlture All expenditure is accounted for on an accruals basis and has been aggregated under appropriate headings. Costs of raising funds are the expenses incurred in connection with fund raising events. Governance costs are Ihose incurred in connection with the administration of the Trust and compliance with the constitutional and slatutory requirements. 1.6 Tangible fixed assets Tangible fixed assets are inilially measured al cost and subsequendy rneasured at cost or valuation, net of depreciation and any impaimient losses. Individual item5 are capilalised al cosl, where the purchase price exceeds £200. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over ils expected useful life, as follows.. Buildings Land Equipment 2% Straight line 15% Reducing balance The gain or loss arising on the disposal of an assel is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end dale, the Trust reviews the carrying amounts of its tsngible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). 1.8 stocks Stocks are stated at the lower of cost and net realisable value. Net realisable value is the estimated selling price less all estimated costs of completson and costs lo be incurred in marketing, selling and distributson. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instruments The Tnjst has elecled to apply the provisions of Sectton 11 'Basic Financial Instruments, and Section 12 'other Finanaal Instruments Issues, of FRS 102 to all of rts financial instruments. Financial instruments are recognised in the Trust's balance sheet when the Trust becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statemenls, when there is a legally enforceable right lo set off the recognised amounls and there is an inlention to settle on a net basis or to reali5e the asset and settle the liabiltty simultaneously.
BERWICK SWAN AND WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies (Continued) Basic financial assets Basic financial assets. which include debtors and cash and bank balances, are initially measuréd at transaction pricé including transaction costs and are subsequently carried at amortised cost using the effecbve interest method unless the affangement constitutes a financing transaction, where the transaction is measured at Ihe present value of the future receipts discounled al a market rate of interest. Financial assets classified as receivable wthin one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction prie6 unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discoltnted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or servi5 that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wthin one year or less. If not, they are presented as non-currenl liabiliti'es. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cosl using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the TNst's conlractual obligations expire or are discharged or cancelled. 1.11 Taxation The Trust, being a registered charity, is nol liable to UK income tax, corporation tax or capital gains tax as long as the income is applied to charitable purposes. There are therefore no tax charges in the accounts. 1.12 Donated goods and services Gtts of g¢x)ds and services are included in donations at the estimated cost of the items provided to the Trust. 1.13 Limited by guarantee Every member undertakes to contribute such amounts a5 may be requiied (not exedIng £1) to the Trust's assets rf it should be wound up whilst he or she is a member or within one year after he or she ceased to be a member, for payment of the Trust's debt and liabilities contracted before he or she ceases to be a member, and of the o)sts, charges and expenses of winding up and the adjustment of rights of the contributories amongst themselves. Critical accountlng estlmates andjudgements In the application of the Trust's accounling policies. the directors and trustees are required to make judgements, estimates and assumpts'ons about the carrying amount of assets and liabilities that are not readily apparent from olher sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may drffer from these estimates. The ests'mates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 10-
BERWICK SWAN AND WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacies 2024 2023 Donations and gifts Subscriptions Tax reclaimed under GiftAid 48.298 528 530 195,439 446 607 49.356 196,492 other trading activities 2024 2023 Fundraising income 4.065 3,805 Investments 2024 2023 Interest re1vable 8.984 2,795 Raising funds 2024 2023 Fundraising expenditure 806 506 11
BERWICK SWAN AND WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable activities Direct Governance Depreciation Charitable Costs expenditure Total 2024 Total 2023 staff costs Depreciation and impairment Veterinary fees Animal feeds Heat and lighl Calor gas Water rates Insuran Advertising and website Equipment repairs and replacements Cleaning Unrforms Stalionery Telephone Travelling expenses Accountancy General administration 34,013 34,013 4,124 1,358 5.258 4.084 1,976 1,845 789 33 2.089 554 180 424 3.461 55 3,130 13 24,237 3,970 1,172 5,441 4.042 2,075 1,717 487 84 914 440 143 626 1.223 4,124 1,358 5,258 4,084 1.976 1,845 789 33 2,089 554 180 320 104 3,461 55 3,130 13 3,235 13 52.499 6,763 4.124 63,386 49,853 Analysis by fund Unrestricted funds- general Unrestricted funds - designated Restricted ftjnds 52,499 6,763 1.428 2.690 60.690 2.690 52,499 6,763 4,124 63,386 For the year ended 31 March 2023 Unrestricted funds - general Unrestricted fvnds - designated Restricted funds 41.306 4.577 1,271 2,691 47,154 2,691 41,306 4,577 3,970 49.853 Govemance costs includes payments to the independent examiner of £3,130 (2023.. £3.235) for ac£ountancy and payroll services as well as carrying out the independent examination. 12-
BERWICK SWAN AND WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Other expenditure Unrestricted Unrestrlcted funds funds general designated 2024 2024 Total Unrestrlcted UnrestrScted funds funds general deslgnated 2023 2023 Total 2024 2023 Net loss on disposal of tangible fixed assets 46 46 532 224 756 Net movement In funds 2024 2023 The net movement in funds is staled after chargingllcrediting}'. Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 4,124 46 3,970 756 10 Directors And Trustees During the year no remuneration or expen5es12023'. None) were paid. diredly or indirecuy out of the funds of the Trust. to any directors and trustees or any person or persons known to be connected with them. 11 Employees The average monthly number of employees during the year was- 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries 34,013 24,237 There were no employees whose annual remuneration was more than £60,000. 12 Taxatlon The Trust is exempt from tax on income and gains falling within section 505 of th6 Taxes Act 1988 or sectson 252 of the Taxation of Chargeable Gains Act 1992 to the extent that Ihese are applied to its charitable objects. 13-
BERWICK SWAN AND WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Tangible fixed assets Buildings Land Equipment Total Cost At 1 April 2023 Additions Disposals 134,524 11,728 28,982 2,365 1233) 175,234 2,365 {233) At 31 March 2024 134.524 11,728 31,114 177,366 Depreciation and impairment At 1 April 2023 Oepreciation charged in the year Eliminated in respect of disposals 51.667 2,690 21,742 1.434 1187) 73,409 4,124 (1871 At 31 March 2024 54,357 22,989 77,346 Carrying amount At 31 March 2024 80,167 11,728 8,125 100,020 At 31 March 2023 82,857 11,728 7,240 101,825 14 Stocks 2024 2023 Raw materials and consumables 4,317 3,693 15 Financial instruments 2024 2023 Carying amount of financial assets Debt instnjments measured at amortt.sed cost 6,482 3,236 Carylng amount of financial liabilities Measured at amortised cost 3.965 4,643 16 Debtors 2024 2023 Amounts falllng due wlthin one year: Trade debtors Other debtors Prepayments and accrued income 7,241 105 3.896 95 7,352 3,991 14
BERWICK SWAN AND WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Creditors: amounts falling due within one year 2024 2023 other taxation and social security Tfade creditors Accruals and deferred income 236 771 3,194 251 1,649 2,994 4,201 4,894 18 Restricted funds The income funds of the Trust include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes- Balance at 1 April 2022 Outgoing expended Balance at l April 2023 Outgoing Balance at expended 31 March 2024 Educational Outreach Project 52 18} 44 {6) 38 Donations and grants have been received for the Educational Outreach Project, which aims to provide a building and purchase educational aids. This will provide facilities for young people to visrt and find out more about the work of the Trust. The aim is to encoL¢rage interest and participation by young people to ensure the continued survival of the Trust. 19 Designated funds The income funds of the Trust include the following designated fund5 which have been set aside out of unrestricted funds by the directors and trustees for specific pUoSes.. Balance at 1 April 2022 Resources expended Transfers Balance at l Apiil 2023 Resources Balance at expended 31 Mah 2024 Land and Buildings Fund Emergency Reserve Fund 94,326 31,000 (2,915) 3,174 9,000 94,585 40,000 (2,690) 91,895 40,000 125.326 (2,915) 12,174 134,585 12.690) 131,895 The Land and Buildings fund represenls the net book value of the land and buildings owned by the Trust. Depreuation on the building is charged againsl this fund. The Emergen¢y Reserve was created lo ensure sufficient money is avgilable to fund the response to any unforeseen emergency. 15-
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BERWICK SWAN AND WILDLIFE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Related party transactions There were no disclosable related party transactions during the year12023.' None)- 22 Donations Fn kind 2024 2023 Animal food Other 2,181 510 3,017 153 2.691 3,170 17-