Charty ragi•tr4tion numb•r 1082163 (England and Wal) Company registration number 03963387 NATIONAL BIODIVERSITY NETWORK TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NATIONAL BIODIVERSITY NETWORK TRUST LEGAL AND ADMINISTRATIVE INFORMATION Tru•t••8 Mr P Tomlin (Chairl Mr DAslan Mr R Cooke Dr G Hutton MSA Kernhaw M$LLI Ms E Polythroniadou Ms M Rudd 8•nlor Management Toam Dr G Thomas M$ M Henshall Chief Executive OffKor Communl¢atlon$ & Engagoment Manager NBN Atlas Lead Developer Biodiversity Data Manager Head of Finance & Operats'ons Scotl•nd Programme Manager Ms H Mander8-Jon88 Ms C Tansey Ms J Taylor Mr M Tetlèy Chirlty numb•r IEngland and 1••) 1082183 Company numb•r 03983387 R•ght•r•d offic• 27 Old Glou¢è8tsr Streot Halbom London WC1 N 3AX Ind8p•nd•nt •xamlner Rogors Speneer N•w8ltad House Polham Rd Nollingham NG5 1AP Bank•r8 TSB 11 Low Pavement Nottingham NG17DQ
NATIONAL BIODIVERSITY NETWORK TRUST CONTENTS Page Introduction Trustees, Teport Stalémtnt of Trustaes, r8$ponslbllltles Indèpèndent examinets r8port statement of financial activities Balance sh8•t 10 Sl8tement of cash flows 11 Notes lo the financ4al statements 12.27
NATIONAL BIODIVERSITY NETWORK TRUST INTRODUCTION FOR THE YEAR ENDED 31 MARCH 2025 Welcome to the Trustees, Annual Report and Flnandal Stst8ment8 of the National Biodiversity NeOrk Trust, for the yèar ended 31 March 2025. This document fulfils the Tru#t'# statutory reporting raquir8m8nts as a ch8rity registered in England and Wales and a company limited by guaranleo. A more detailed reviow of the NBN Trusvs adivitie$ and achievements through the year can be tound in our 2Q2kn. The accounts have b&•n pr&pared In aeKordan¢e with the accounting poliue5 set out in note 1 to the a¢¢ounl8 and comply with the charity's governing documonts, the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Pra¢ti¢e applicable to charitiès prèparing th•lr ac¢ounts In a¢cordance th the Financial Reportin9 Standard appIlble In the UK and Republic of Ireland published in October 2019.
NATIONAL BIODIVERSITY NETWORK TRUST TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Objecllves and acllvltlo• The National Blodlversity Netsvork Trust ('NBN Tru$l' or 'Trust'l is the UK charity dedicated to biodivarnity dala. Our mission 1$ 'maklng data work for naturn" and our strategic ambitions ar• sot oul in tho Twsl's We manage the UK'8 larg•81 partnorship for nature - the National Biodiversty Nehvork - which brings togelher hundreds of organisalions with an interest in collecting, sharin9 and using blodlverslty data. Our partners Include natlonal and lo¢al charitle6, govemment agencies, Local Environmtnlal Ro¢ord8 Contro8, recording groups, univ•rsitie$, and alogIcal bu8in88ses. Worklng together, we create a vast fl¢xv of data carrying Iho ovidence neèded to protect and ffjstore biodiversity. At the hèart of this flow 18 tha NBN Atlas, our data port81. The NBN AtI8818 the UKS largast repository of publicly avAilable blod1veify data, bringing together data from 184 partners. Thi8 18 a large proportion of our 217 19gislered data partners. Rem8rkably, most of the UK'S wikllife data 16 ¢ollected by volunteers. Sustaining and growing the volunteer community 1$ e$sonllal lo th& continuing flow of new data into the future. We mana9e INaturalistUK. one of the forem05t digital recording t¢)ob. and support rapidly glowing communlty ol people who use il to record thelr obseNatlon8 of UK wildlrfe. 2024-25 wo8 a successful y8ar for the Trust. We significantly enhanced a¢¢88S to biodiv8rsity data. by March 2025 w? had sharod 299,925.350 records on the NBN Atlas. This included 54,449 records shawd through our newly implemented A¢¢e$$ Controls system. These records w•r& shared with u$ at full cepturevre801utlon. but were goneralised to a 1 km public spatial resolution. We delivered on major projects whlch fo¢u8od on data and technology: wocificalty, tho NBN Atl88 A¢celerotor Project, fund•d by Natural England 8nd the Environment Agency and our Beller Biodivorsily Data Ptoiocl, fundod by the Scottish Govemment and Naturescot, whh continued to drive forward improved 8yStems and access to the data n••d•d for tho faVery of S¢otland'$ nature. Vlb. as the lead partner for the popular citlzon 8¢lonrA rn¢ordlng appll¢atlon INaturall8tUK, continug io support and promote this data tool to new audi•n¢e$ 8$ It galher8 momentum, #urpassing 139,OLTh) p•ople addlng ob8ervalion8 for over 6.4 mlllion8 observations of UK wildlife. Our onnuol conference was hosted by Merseyside Marilimo Museum in Livorpool, and featured keynote $Poakèrs Andy Cotgreave from Tableu and thg Sir John Burnett MeTnorial Lecture was delivered by Prof8880r Miles Richardson, Prof¢s$or of Human Factors and Natur• Conn•¢tedn•$$ at the Universlty of Derfoy. At th8 &vent, we held the NBN Awards for Wildlif8 RerdIng ceromony to honour and celebrate those who make outstanding contributions In the Ileld of biodiversity data. Wa have had regard to the Charity Comml881on's general guidance on public benefit when reviewing our aims and objectives and in planning our future 8Ctivities. The Trust benefits &nomou6ty from Iho 8UPPQrt of ils Truste68, who are unpald volunteers. We ara hugely grateful to Ihem.
NATIONAL BIODIVERSITY NETWORK TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Fundlng Summary In 202*25, w8 benefited from the following grarsts, Some of which were se¢ured in-year and otheys ¢ontinued from previous year¥. Mosl are for multi-year projects. £580,000 from the Scottish Government and Naturescot to dellver th? Better Biodiversity Data Project. (November 2022 to January 20251. £181,257 from Natural England and the Environment Agency to implement high priority, high impact enhancements to the NBN Atlas under the NBN Atlas Accelerator project. (January 2024 to March 2025). £180,000 from the Esmee Fairbaim Foundation towards unrostricted Core c08t8 lo grow the sustsinability, reach 8nd impact of the NBN TrusL (December 20241- £120.000 lundin9 from John Ellernan Foundation to bulld organl&atty)nal re8ili8nce and to enhance blodlversity data to better meet th• conservation 8O¢tor• changing nood8. (January 2024 to January 20271. £121.050 ¢ombined from thè followlng agencle8 as a contribubon towards the NBN Atlas ongoing costs and maint8nanG8. £2,000 Manx National Heritag8, £20,000 Naturescol. £15,750 Northem Ireland Envlronment Agency. £71,400 Natural England and £16.050 Natural Resources W81es. £51,281 from the Department of Education to work with th¢ Natural History Museum to deliver the National Education Naturè Park prol8¢t. (January 2023 to August 20251. £32,686 from Amazon Web Service5 as part of tho AWS Imagine Grant whSch 8UPPOrts techni1 enhancements that will speed up tho rats •t whi¢h we Can publish new data on the NBN Atlas. (October 2024 to October 20251. We are enormou8ly grateful to our members, donorg and fundefs for the support that they provido in enabling UB to make data woth for naluro. In 2024-25, tho Trust received £250,021 in unro$trl¢ted lunds In th6 fomi of gran1$, momb•rshlp 8ubs¢rlptlon$, donats'ons, NBN conferen ticket salès and donalod $ervi¢e8. M•mb&rship 8ubscriptiong 8nd donation9 amounted to £138,099 for year, making an important contribution lo •chi•ving our mi55i0n. The Trust's net expenditure was highor than Incomlng re80ur¢o9, re8ultlng in a rwative in-year balance of £84,357. The Trust's total fund balance at 31 March 2025 was £165.029 which will be carroed forward into 2026. 26. The Trust is anticipating a balan¢ed year4nd p08itlon for 202&26. We will continuo to take fOard the Medlum-Tem Flnancial Stralegy to Sècure additional income a¢ro8$ ro$tri¢ted and unreslricled fundin9 sour¢e$. As $u¢h, tho Boord of Trustees has a reasonable lovel of confidence that tha income targ&t will be meL Should incom• fall short of the lar9et, the Trust wll adjust expendilura accordSngly. Tru•t r•••rv•• The unrestricted funds not committed or irNe$ted in tanglbl• fixod assets I'the fr88 reserve'l held by the charity at 31 March 2025 amount to £92.742. Annually, the Finance and Audit Commlltee IFAC. a commlttee of the Board> reviews the free reserve figum and the amount requirnd to megt thè res6rv8 policy (set at three months, running Sts) to ensure thBt adequBte re8erve8 are maintained. A8 at 1 July 2025, the amount required lo run the Trust for three month8 18 £180,007.
NATIONAL BIODIVERSITY NETWORK TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Rl•k manag•m•nt A Risk R•gi8ter 18 maintained to facilitate the management of all $ignificanl risks to the Tru81, Induding those pertalnlng to Finance, Technology. SlaffiTrJ, Governanc• and Engagement. The Risk Register tracks changes in the risk level for each risk and documents mitigation. Each relevant Board committee reviews the Risk Register on a quart8rty ba$1$ and ensures that the Trust has system$ deSigd to manag8 all risks. The Rl$k Regl$ter is also presented to the Board at each meoting, and the committees may escalate risks to th• Board 41 any tim?, a$ n•&d•d. The maln intemal ffinancial risks ar• minimised through th& conslstent application of procedures for finanGial delegation and appropriate authorisation of all Iransactions. Plans for futurn p•rlod• A work plan 18 in p18¢0 for 202&2026 8etting out the priority a¢tivitlO8 for the yèar. Thls Includes.. suc$s1U1 delivery of our major •xl8rnally funded projects, induding 8nhanGéd support 8$ th8 UK node of the Globo181odlvérsity Information Facility, further significant enhanc4ment8 lo the NBN Atlas to improve aeLe88lbllity of data, and the development of a new d818 mana9ement system for Scotland. Building our 6xpertise in data SGSen&8 and data Visualisatn. to tell Gompolling, dala4od stori08 that Inspire d?citsivè action for nalurn. R¢l•a$e our N8N Atlas Strategy for 2025-2030. built in ¢ollabor81ion with NBN Trust rnember8 to enBure we have 8 clear framework for growth and continue to support the nehvork to mak• dala work for naturo. Going ¢onc•m At the time of appmving tho financial statements, the Trusteots have a reasonable exptation thal thè charity will continue to operate for the fofeseeablo future. However, there li un¢&rtointy around some possibl8 funding al this 81age. Th• Trust wlll be notlfiad about the outcom• of a National Hentage Lottery Fund bid in late November I December. If thi$ bid 16 8u¢ce88ful the Trust will continue lo operate a6 it has done previou61y, for th• lor•se68ble future. If the bid 1$ not $u¢¢es3ful. the Tru&1 will contlnu8 to operat8 but potentially with a lower staff baso covering é8senllo1 operations only. A¢hl•v•m•nts and rfOrnIan¢0 Please refor to th• "Objectives and octlvities. section abo for detall8 of tho Tru8V$ main aehl•vaments. Further detail is provided in ourAnnual Impact Report 2024-25. Flnan¢lal revlow ptease refer to th8 'Funding Summary and Tru8t reserve¥' $8dion above for Ihe financial review of the year. Stru¢tur•, governance and mAnagement The Trust is a charitsblo Gompany limited by guarantee, incory>orated on 3 April 2000 and rogislered as a charity on 25 August 2000. The company was Get up under a Mèmorandum of Association, which established its objectNe8 and powers, and is govemed under its Artides ofAssociation (updated November 2018). As set out In the Articles ofAssocialion, ts tharitable Oblecl Iwrpose} of the NBN Trust is.. To advance, fonnalfy and infomally, publk participation in 8nd public understanding and enjoyment of the conservation of biolcgical resources, together with their sustainable and wise use, by providing public 8ccess to blological records. data orinfomiation pert8ining lo Ihe UK. Ihè Ch8nn81 Islands and th8 Isle of Man.
NATIONAL BIODIVERSITY NETWORK TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Trust has power to do anything which is calculated to further its Object or is conducive or incidental lo doing so. For example, tho Trust ha6 power lo undertake the following activities (selected artides only, for th8 full list pl8aBe refer to the Artides of As$o¢iation): l. To faolitate, promots and C(1n&t0 Ihe collectson, compilalion, ¢oUgtion, inl•wel8tlon, pooling and di&semination of blologlo81 records,. To promote 8nd falit8 Ihg survey and study of biodiv8r&ly Ihmugh biological recordlng and both diemIn8te and pmmot8 the dlssemlnation of the results of such study and res09h,. 3. Through the provlsion of services, advice, guidance or oth&r means. d8velop und8rstanding of how biologlGo1 dat8 and infonn81ion can be used to &id do¢i$lon$ tak8n by oth8rs consistent with the Object. The tenns of ref8rence for tho Board of Tru8tea8 are la*J out in the Tru8f8 Rule8 and Standing Cvdor8. Th• Board meets al least four tim•$ 8 year to monitor the TrusV8 performance, agree the strategy and take d•ci8ions regarding governance issu0$ and significant strategic matteT$. Th• tru$toe$, wl)0 8r• also the dlrector8 for the purpose of company law, and who 8•rvad during th• yoar and up lo the date of signature of the finan¢i81 $lal&menls were. Mr P Tomlln (Cholr) Mr DA$lan Mr R Cook• Dr G Hullon MrT Jagger M8 A Ker8h8W M8LLi M$ E Poly¢hroniadou M8 M Rudd IRe8igned 31 March 2025> Following •xpoctod lumover In Board Ini8te98 In 2023-24, we are looking forward lo the continued evolution of the Charity with th• support of our current 8oard mémbars. Trustees ar• aFpointed vi4 open application and a ¢ompeten¢y-bo8od 8electlon proce88. Trustees are abl8 to Serve three year terms. In oxceplional c8w4 8 third tem may agreed by members al the AGM. TheAGM is held at the annual NBN Conf•ron In November. Tho Finance and Audbt Committee (FAC) Is a penanent sub<ommittee of the Board. The temi$ of reference for the FAC were reviewed and agreed at the BoaTd of Tru$te& m$•ting In May 2024. The FAC meets four times year. In advance of the Board meetings, to monitor the Trust's finan¢ial proc•$so$ and provide an atsdit function. The Dala and Technology Committea (C&TC) was establlshed in 2023-24 and is now a permanent su committee of the Board. The tems of refer•n¢• for the D&TC were agreed at the Board of Tru8tee meeting in May 2024. The D&TC meets four times a year, in advan¢x of the Board meetings. to monitor the Trusfs dats and ted)nical processes. Further ad hoc subwcommittees may be convenod a$ needed, on a 'ts8k and finish, basis, to ensure adéquate oversight of signifKant matters. The Chief Executive Officer is appointed by the Board of Trustees and 15 responsible for the daily operation of the Trust. including Ibut not restricted to) the development and implementation of stralegi¢ and operational plans. financial and team management, stskeholdèr rélations, advocacy and fundralslng.
NATIONAL BIODIVERSITY NETWORK TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Arrangoments for settlng pay and rnmunoratlon of koy managom•nt por•onn•l All Trustees give their lime freely and have not received remuneration for time devoted to Trust business In the year. Remuneration of Tru8t86 expen888 is d61aled within the finon¢lal a¢¢ounts. Where stsff pay increases exceed the Chief ExecutNe Offir delegated authority financial Imits, these are prosented to the Board of Truslees for approval within the annual bget Threo omployèos rgcoived total romunoralion •x¢ooding £60,000 in 20244S. R•latlon•hlps wlth rnlat•d partl•• and any other charlth• and ory•nl••tlon• All Trustees and senior m•mb8rs of staff annual update the Declaration of Interest form to notify the Tru6t of any relationships with related parti8s. DonAt•d 88rvko• and F8cllltl•• To calculate donated seN1$, the main consideration was whether the Trust would have pald for the work or sèrvicAs had It not b88n carried out by Another paty- Basad on Ih8s0 criteria, donated 8ervic•8 during 2024-25 were valued at £24,752 and Included free u8e of room8 for ts NBN Confor8n¢o and ganèral m•oting along with pro bono advirA and assistance for10gal mattors and Trustee recruitment assistan. In accordance wlth the company's artlcles, a resolutlon prop08ing that Rogers Spen¢er be reappointed as audltor of lh• Company will b& put al a Gen8Tal Meeting. Th8 Trust88s' report wa8 approved by the Board ol Trustoès. Mr P Tomlln {Chalrper•on) Dated . 6th November 2025
NATIONAL BIODIVERSITY NETWORK TRUST STATEMEKf OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 Tho trusttss, who are also the directors of National Biodiversity N8lwork Trust for the purpose of company law. are responsible for prfrparing the Trustees, Report and the financial statements in eccordance with applicable law and Unlt&d Kingdom A¢¢ounting Standards (United Kingdom Generally Accepted Accounting Practice). Companylow roquires tho trusts¢s to prepare financial statements for eath financial year which give a true and fair view of the state of affair8 of the ¢harlty and of the In¢omlng re$our¢es and application of T•sources, induding the income and expendlturo, of tho Charitsb company for that yoar. In preparin9 these financial slalements, the truste¢s are required to: - select suitable accounting policies and then appty them consi8tenUy', - observe the methods and principles in the Charities SORP., - make jud9emonts and estimates that are reasonable and prudent., stste whether applicable UK Accounting Standards hav8 beon follow8d. subject to any material d8partLire8 disclosed and explained in the financlal statements- and prepare thè financial statements on the going concem basis unless it is inappropriato to prosume that tho charity will continue in Opofation. The trustees are responsible for keeping adequate accounting records that dl$close with reasonable Accuracy at ony tlme the finan¢lal pOtIon of tho charity and •nablo thom to ?n$ur& that the financial statements comply with the Companies Act 20C6. They aro also Tosponsiblg for $8feguarding the a55815 of th8 charity and hc• for taking reasonablo Steps for the pr•venlion and detecllon of fraud and other Irregularities.
NATIONAL BIODIVERSITY NETWORK TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NATIONAL BIODIVERSITY NETWORK TRUST I report to the trustees on my examination of the financial statement8 of National Biodiversity Nettrvork Trust (the charity) for the year ended 31 March 2025. Responslbllltles and basls of report As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the flnanclal statements in accordance with the requirements of Ihe Companies Act 2006. Having satisfied myself that the financial statements of the ch8rity are not requlred to be audlted under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial stat8m8nts carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Dlrectlons glven by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent 8xamlnorf8 Statement Since the charlty's gross Income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charltles Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of Association of Chartered Certlfied Accountants, vthich Is one of the Ilsted bodies. I have completed my examination. I confirm that no matters have come to my attention in Connection with the examinatlon glvlng me cause to b81i8ve that in any material respect: accounting records were not kept In respect of the charity as required by Section 386 of the Companies Act 2006. the Ilnanclal stat8m8nt8 do not accord with those records; or the financial statements do not comply with the accounting requirements of section 398 of the Companies Act 2006 other than any requirement that the financlal stat8ments give a true and fair view, which 18 nrt 8 matter considered as part of an independent examination., or the financlal statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing thelr financlal stat8m0nts In accordance with the Financial Reporting Standard applicable in the UK and Republlc ol Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Melvln Balley FCCA DChA For and on behalf of Rogers Spencer Charter8d Accountant8 Newstead House Pelham Rd Nottingham NG5 1AP Date: .. 141///25
NATIONAL BIODIVERSITY NETWORK TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE AccOur FOR THE YEAR ENDED 31 MARCH 2025 Unrnstrictsd Rtricted funds fund¥ 2025 2026 Totsl Unr•8trl¢tsd R•strl¢tsd funds fund$ 2024 2024 Total 2025 2024 Notes Incomg and end¢)vfflwnts from: Donatlons and legacies Invesbnent8 Other incomè 204.822 9,325 35,874 624.223 829.045 9,325 35,874 189.795 8,457 30,580 499,888 689.661 8,457 30,580 Total Income 250,021 624,223 874,244 228,832 499,866 728,698 Exp•ndlturo on: Raising fund8 Charitabl• adivities 7,733 326,645 7,733 961,592 8,015 230,384 8,015 683.¢XI6 634,947 452,622 Total •xp•ndltur• 334,378 634,947 989,325 238,399 452,622 891,021 N•t IncomDll•xp•ndltur•l 184,3571 {10,724) {95,081) 19,5671 47,244 37,677 Transfers betsveen fvnd8 (231} 231 25,528 (25.5281 Ngt mov•m•nt In fund• 184,588) <10,493) {95,081) 1 S,961 21,716 37,677 R•conclllatlon of fund•: Fund balancés al 1 Aprll 2024 179,809 80,301 260,110 163.848 58.585 222.433 Fund bAl•nc•• It 31 March 2025 95.221 69,808 165,029 179,809 80,301 260,110 The ststamant of finanaol activitie8 indudes all gains and losses recognised in the year. All income and expenditure derivo from contlnuing a¢tivltie8.
NATIONAL BIODIVERSITY NETWORK TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fix•d as80ts Tanglb18 assets Investments 14 15 2.477 3,600 2,479 3,602 Currènt a880ts Dgbtors Cash at bank and In hand 16 44.052 247,312 74.116 269,291 291,364 343,407 Cr•dltor•: •mounts hlllng du• wlthln one y••r 17 (128,814) 186,8991 N•t current i•••ts 162,550 256,508 Totsl u••t81088 ciirront Ilabllftl 165,029 260.110 Th• fund• of th• ¢harity Restricted income funds Unrestricted fund8 19 20 69.808 95,221 80,301 179,809 165,029 260,110 Thè company 18 enlilled lo the exemption from the audlt requlrement containod in section 477 of tho Companies Act 2006, for the year ended 31 March 2025. The directors acknowledg0 tholr respon81bilitses for complyin9 with the requiroments of the Companles Act 2006 with rnspect to accounting record8 and the preparation of financial statements. Thè mtmber$ have not required the company to oblain an audit of its financlal statements for th• yèar In quostion In accordan¢e wlth lactson 476. These financi81 statements hava bo8n prepared in accordanca with the provi8ion8 applib to companle8 8ubJect to the small companies regimo. Thg financial 8tatement8 were approved by the trustees on 6 November 2025. Mr P Tomlln IChairp•rson) Company registration number 03963387 (England and Wale$) 10-
NATIONAL BIODIVERSITY NETWORK TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Not•• Ca8h flows from oporatlng actlvldo8 Cash {absorbed byllgeneratod from operations (29,591} 45,612 Inv•stlng actlvlll•s Purchase of tangible fixed assets Invé$tsment Income re&8Ned 11,7131 9,325 (4,422) 8,457 Net ea8h g•n•r4t•d from Inv••tlng •¢tlvlll•• 7.612 4,035 Net c••h u•ed In Ilnanclng actlvhle• N•t Id•¢r••8•yln¢r•a•• In ¢••h •nd ¢••h •qulvalgnts {21,9791 49.647 Colh and cash eqUalents •t beginning of year 269,291 219,644 C••h and ¢••h •qufv•l•nt• at •nd of y••r 247,312 269,291 11
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2025 A¢countlng pollcl•* Charlty Infomiatlon National Biodiversity Netsrk Trust is a private company h'mitsd by guaranl8e incorporated in England and Walo$. Tho r•gi$l6red office 1$ 27 Old Glou¢e6ter Street, Holborn, London, WC1 N 3AX. 1.1 B•81$ of pr•piratlon The financial statements havè been proparod in a¢¢ordan¢o with the charity'$ goveming document, the Companles Act 2008, FRS 102 "Th8 Financial Reporting Standard applicable in the UK and Ropublic of Ireland. ("FRS 102.1 and tho Charitios SORP "Accounting and Reportlng by Charitie8: Statement of Recommended Praclice applicabl& to charities pparing their a¢counts in accordance wllh the Fin8n¢ial Reporting Standard applicable in the UK and Republi¢ of Iraland (FRS 102)" {effective 1 January 20191. The charity 18 a Public B•n8fit Enllty as d6fin6d by FRS 102. The financial staloment8 aro prepared in 81orling, which i• the functional ¢urr•ncy of thè ch8rlty. Monetary amounts In these financial statements ar• rounded to tho n•aro$t £. Thé financiol statsments have been prepared under the hlstorlcal c08t conventlon, The principal accountlng polic188 adoptsd arn 801 out below. 1.2 Golng con¢•m At th8 Ilme of approvlng the financial 8tatem8nt8, the Tru8te88 have a reaJonable expectation that the charity will continue to operate for the for86geable fulure. However, there is uncertainty around some possibl8 funding at this stage. Tho Trust will be notifi•d about the oulcome of a National Horllage Lottary Fund bid in late November l Dec8mber. If thi8 bid is successful the Tru8t will ¢onlinu? to 0rat8 88 Il ha8 done pr0viou81y, for the fore8ee8ble future. If the bvj is not Buccessful, the Trust will continue to Oporalo but polentsally with lowèr stsff bas& covèring 088entl81 operatlon& only. 1.3 Ch•rftsblo fund• Unr&$trlct8d funds are avollable for use at th6 dls¢retlon of the trustees In fvrtherance of their charftsble obj•clive8. Rest¢18d funds are 8ubloct to speclflc condltlons by donors or grantors as to how Ihey may be used. The purposes and uses of the restrict fund8 am set out in the note$ to the flnan¢lo18tatemenls. Endowment funds are subject to specific Gonditions by donors that the Capital must be maintained by the charity. 1.4 Incomg All In¢cthe 18 Induded in tha 8t8tement of financ4al activit6 when the charity is entid8d to the income. any perfomianee related conditions attached have been met or are fully within the control of the tharity, the income is ¢onsidered probable and the amount can b8 qUantird with reasonable a¢¢uracy. Th• following specthc policies are applied to particular categories of incomo: Donations and legacy income is recèived by way of donation$. granls and gifts and 1$ indudad in fvll in the statement of financial a¢tivitie$ when reeelvable. Grants, where entitlement is not conditional on the delivery of a spe¢ifi¢ performanc6 by the charity, are recognised when the charity becomes uncondits'onally entitled to the grant Donated services and facilitles are included al the value to the charity. being the amount the charity would have been wllllng to pay to obtain services or facilth'es of equivalent economic benefit on Ihg opgn market. 12-
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounllng poll¢l•8 (Contlnued) Inv•$tm•nt Income Is included when receivabl8. Income from grants, wthere related to performance and speclfic deliverables, are accounted for as the charity eams the right to consideration by ils perfomanG•. 1.5 Exp•ndltur• Expenditure 18 rgcogniBed once 18 4 l&gal or con$trudlve obligatlon to tran8fer economic benefit to thlrd party, it is probable that a transfer of economic b8nefits will bo roquirod in s•ttbmont, and the amount of the obligatlon can be measured reliably. Exp8nditure is classrfied by activity. Tho ¢ost$ of oach activity are made up of the total of direct costs and shared costs, including support costs involved in und&rtaking oa¢h a¢ts'vity. Direct costs attributable to a singlè activity are allocat•d dir•¢Uy to that actlvlty. Sharad cost8 which contribute to more than one activity and Support Costs which ar• not attributablo to a 8ingl8 a¢tivity apportloned belween those activities on a basis conslstent with tho usè of resourc05. C•ntr818taff ¢08t6 are allocalad on the basis of tim• spant, and depraclatlon charge8 are allocated on the portion of the a880fJ uw. Expenditure is rocognised on an accrual8 ba858 as a liability 16 in¢urr¢d. Exponditure includès ony VAT whlch cannol be fully recovered, and 18 reported a8 part of the expenditure to which it relat.. Charilable expenditure compriseB thos8 ¢08t8 incurrod by Ihe charity in the delivery of Its actlvlues and Se[C8S for its beneficiaries. It includes both Gosts Ihat can bo allo¢atsd directly to such actiwtié8 and th08e costs of an indir•¢t natur& nocessary lo support them. AII c08ts are allocated been the exp8nditure cat6gofiOS of the sofa on a basls designed to reflecl the use of the rasourcè. Co8ts rélating 10 a particular o¢tlvlly are albJco18d directly, others are app)rboned on an appropriate basis, 45 sel out in Ihe noto$ lo the a¢unIs. 1.6 Tanglbl• flx•d a•••t• Tangibl• fixed assèts are Initlally m•8$urod al ¢ost and subsèquently measured at cosl or valuallon, n•t of d•pmciation and any impalrmenl108888. Depreciation is rnco9ni8ed $0 as lo writs off the ¢o$t or valuatlon of 88sets106S their residual valu•s over th•ir useful lives on the following bas•6'. Fixtur•8 and ffitting$ vo year8 8traight line The gain or loss arising on the dispt)sal of an asset 1$ detemined as the difference be8 the salts proceeds and the carrylng valu¢ of the a$$et, and Is recognised in the statement of ffinancial activities. 1.7 Flxod asset Invesknents Flxed asset inve8knent8 are initialty measured at transaction price excluding tran$•¢tion costs, and aro 5ubsoquently Measured at fair value at each reporting date. Changes in fair value are recognised in net in¢om&l(expènditure) for the year. Transaction costs are exp6nsad as In¢urred. A $ubsbJiary 18 an entlty conlroled by the charity. Control rs the p¢)wer to govern the financial and operating policies of the entity so as to obtain ban•fits from Its a¢tivitiés. 1.8 Impalm*nt of fixed a88ets Al each reporting end datg, the charity r8views the carrying 8mounts of its tangible assets to detemiine whether there is any indi¢ation that thos6 assets have suffered an impaimient loss. If any such indication exists. tho CoVerabl• amount of thè asset 18 estimated in order lo determine the extent of the impairment loss (rf any). 13-
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcl•8 IContlnu•d} 1.9 Ci•h and cash •qulval•nts Cash and cash equivalents include cash in hand, deposit$ held at call with banks, othar 8hort-tsmi Ilquid investments with original maturities of three month$ or ie88, and bank overdraft8. Bank overdrafts ar• Shown within borrowing$ In current liabilities. 1.10 Fln•n¢l•l Instrum•nts The d)arity has •l•¢ted to apply the provl8ions of Section 11 '8asic Financial In8trum6nls' and S6¢tlon 12 'other Flnancial Instruments18$u85' of FRS 102 to all of Its flnanaal instruments. Financial instrumonts are recognlsed In the charivs bal•n¢e sheet when the charity b6¢om&8 paty to tha contractual provision8 of the instrumont. Financial a8sot$ and 118bilth$ are offset, with the nol amounts pre8ented in tho fin8n¢lal 6tat8m6nts, when there is a legally anfOrable right lo Set off the recognlsad amounts and thern 1$ an Intention to 80tUa on a n•t ba81$ or lo reallse the atsset and settle the liability simultan8ou81y. Baslc flnan¢lal •ss•ts Ba$1¢ financial as80ts, v4hl¢h Incd6 debtor8 and eash and bank balances, arn Inlually measured at trAn8action price including Ir8n8a¢lion ¢08ts and are subsequently carrd al omortised co81 u6ing Ihe effeGIiv• inter•$l method unless the arrangement ¢on31ilute8 a financing transactlon, where transacts'on 13 measured al Ihe prasonl value of the future receipts discountsd al a market rate of Interest. Financial assets cla68ified as receivable within one year are not amoiti5ed. B••l¢ Ilnanclal Ilablllll•s 8881¢ financial Ilabilllles, Induding creditors and bank loan$ arè initially recognl&ad al transactson price unless the arrangement constitulas a financing transaction, whore th? debt instrument Is measured at the present value of the future payments discounted at a market rate ol interest. Financial liabilitie8 da88ified è8 poyable wllhln ono year are not amorkns•d. Debt in$trum•nls arn subsoquently corrled at amortised c4)•t, U81ng the effe¢tiv8 intar6st raté mathod. Trade credltor8 aro obligations to pay for goods or 8orvic8 that hove been acquired in the ordinary cour80 of operations from Suppllers. Amounts payable are classifwd a8 current Ilabllltles If payment is due within one year or less. If not, they are presented as norpcurrenl liabilities. Trade creditors are r•¢ognl$ed Inltlalty at transaction price and Subsequently measured at amort168d cost using the effective interest mothod. D•m¢ognltlon of flnanclal Ilabilitie¥ Financial liabilities are dore¢ognised when the charity's contractual obligation8 expire or are dlscharged or cancelled. 1.11 Taxatlon The ch8rlty is exempt from tsx on income and gains falllng wlthin section 505 of the Taxes Act 1988 or sedion 252 of th6 Taxation ol Chargeable Gains A¢t 1992 to th6 extent that these applied io its charitable objects. 1.12 Employ0• bonefits The cosl of any unused holiday entitlement 15 recogni$ed in the period in whkh the employeo'¥ ¥ervices are Temilnatlon benefits are recognisod immodiately as en expense when the charity 1$ demonstrably committed to temiinate the employment of an employee or to provide t&mlnatlon beneflts. 14-
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng polScS08 IConlknu¢d) 1.13 P•n81on costs The charity operates a defined contribution pension scheme for employees. Th& assets of the scheme ar held separatoly from th08e of the Gharitsble company. The annual contributions payabla are charged to the statement of financial activiti?s. Crlll¢•l accountlng •8tlmats• •nd Judgemonts In the application of th? charlty'8 accounting poliues, the trustees are required to make judgement8, estimates and assumptions about the carrying amount of assets and Ilabllltl8S that are not readily apparent from other urces. The estimates and associated 08sumptions are basad on hi8torlcal experience and other factors that or8 con8id•r•d to be rel8vant. Actual rosulls may dlffer from those estimates. The estim•ts8 and underlying a88umption6 ar• Mvlewed on an ongoing basi8. Revi6i0ni to accountln9 •$limat•$ are recogni8od in the poriod In whlch the estimate IF revised where the revision affecis onty Ihal poriod, or in the perlod of the revision and future perlod5 whore the rnvision affects both current and future periods. 15-
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donalions and 1oga¢i Unr•$trl¢tsd R•strlclgd fvnd• funds Totsl 2028 Total 2024 Donatlon8 Grants re¢•ivable SubKriplion6 4,165 68,723 131,934 4,165 692,946 131,934 2,333 562.864 124,664 624,223 204,822 624,223 829,045 689,661 Forth• y•ar •nded 31 MArch 2024 169,795 499,866 689,661 Orants r•colvabl• for ¢or• a¢livltl•• Am820n AWS Imaglne Campaign for National Park• Caring for Gods A¢re Enterprise Development Environment Agency E8mee Fairbaim Foundallon Groundwoik UK John Elleman Foundation Manx National Herilago Nats'onal Museums Northem Ireland Natural England Natur81 History Museum Natural Rgsources Walos Nature Scol Other 24,828 1,032 1,500 17,395 14,015 60,000 19,121 40,000 2,000 15,000 109,492 15,115 15,000 227,900 266 1.500 1.500 5,000 80,000 5.000 60,000 1,659 40,000 2,000 15,750 214,750 17,959 16,050 316,055 2,223 1,659 40.000 2,000 15,750 214,750 17,959 18.050 316.055 2,223 68,723 624,223 892,946 562,664 Incomo from Inv•8lmfrnts Unr•strlctsd Unro8trl¢t•d lund• funds 2025 2024 Income from unli81g¢J invo$tmonts Interest Trceivable 499 8.826 8,000 2.457 9.325 8.457 -18-
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Oth•r Incom• Unrestrlct•d Unrostrlcted funds funds 2025 2024 Othar income Donaled seryi¢e$ 4nd facilities Conference income 1,755 24,752 9,367 3,056 17,789 9,735 35,874 30,580 Ral•lng funds UnT••trlct•d Unrestricted lund• funds 2025 2024 Fundraijin and ublici Weather lollery costs Other fundraising costs staff cost8 114 815 7,004 197 1,350 8,468 7,733 8,015 17-
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Charitsbl• a¢llvltl•8 2026 2024 Depreciation and impaimient Donated services and f8cilili98 Project costs W8b81te development NBN Alla$ Prolèd 1.180 24.752 529,791 1,385 121,880 2.078 17,789 270,543 1,499 180,001 678.968 471,910 Sharo 018UPPOrt colts {see note 8) Share of governance ¢ost61808 nots 8> 260,885 21,739 191.423 19,673 961,592 683,0¢ Anaty818 by fund Unr88tricled funds Reslriclod fund8 326,845 634.947 230,384 452,622 961,592 683,IXI8 Support eofyts allo¢•tsd to •ctlvltl•• 2025 2024 staff c08ts Depreciation Premis•8 Insuranc Travelling expenses Consultancy costs Communications & IT Postage, printing & stationery Meeting & confenCE costs Finance ¢o$ts Training Governance costs 205,996 1,676 2,490 2,460 16,737 10,800 5,707 5,114 9.668 173 65 21.738 148,512 800 7.936 1.632 16,436 4,977 4,059 5,882 1,029 160 19.673 282,624 211,096 Analysed between: CharitableActivitie¥ 282.624 211,096 18-
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEmErs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allo¢at•d to actlvltl08 {Contlnu•d) 2025 2024 Gov•m4n¢o c1* compr18•: Consultancy costs Accountancy Examiners fees Trusteès expenses Board meeting expon$08 Legal fees 4,728 874 6,540 2,709 1.5C 940 6,900 5.039 1,707 3,581 6,887 21,738 19,673 N•t mov•m•nt In fund• 2026 2024 Net movement in funds 18 8laled after chargingl{credlting) Deprociation of ownéd tanglble fixed assets 2,838 2,877 10 T•0• None of the trustees lor any poison8 connected wlth them) received any romun•ralion from thg charity durlng tho year. Durlng the year, exptsnses tolallirvj £2,321 ware r8lmbur88d io truslees12024'. £5,039>. 19-
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMEfvrrs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 employ?0$ Numbgr of offlpIoyo08 The avarage monthly numb8r of ernployeos during the year was: 2025 Numb•r 2024 Numbor Management Senior Management Technlcal Officers 17 13 Employm•nt Costs 2025 2024 Wages and salaries Soclal s8curity costs Other pension ¢08ts 618,146 55,766 41,127 388,210 37,976 26,937 715,039 451,123 The number ol employees whose annual remuneration was £60,000 or more were.. 2026 Numbor 2024 Numb•r £60,000 - £69.999 £70,000- £79,999 Pènsion contrtiulion8 in relation to highor paid staff totsllgd £7,720. 12 Taxatlon The charity is exempt from taxation on its activities becau80 all its in¢omo is appliod lor ¢haritable purpo$&s, 13 Donat•d *•r¥l¢•• 4nd f¥¢llltl•• To Galculato donated $ervi¢e$, the mgin consideration wa8 whether the Trust woukl have paid for the work or services had it not been ¢arried out by another paty. Based on these criteria, donated s•rvic•s during 2024- 25 lolallod £24,752. Th1& Inchjdes room hire in relatson to meetings and the NBN conference plus work on the NBN mapping redesign prolact. -20-
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 T•nglble fflxed assets Flxtur•• and ffttlngl Cost At 1 April 2024 Additions 17,326 1,713 At 31 March 2025 19,039 Depreciallon and Impalmwnt At 1 April 2024 Depreciation charged in the year 13,728 2,836 At 31 March 2025 16,562 Carylng amounl At 31 Mah 2025 2,477 At 31 March 2024 3,800 15 Flx•d asset InVtments Oth•r Inveslm•nts Co•t or v•lu#tion At 1 April 2024 & 31 March 2025 Cirrylng amount At 31 March 2025 Al 31 Mar¢h 2024 2026 2024 Other Investments comprise.. Nots8 Investments in $ub$ldlarles 16 Debtors 2025 2024 Amounts falling dug within ong year: Trade debtors Prepayments and accrued incom• 1.748 42,304 22.131 51,985 44.052 74,116 21
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Cr•dltor•: amounts falllng du• wlthln on• y•ar 2025 2024 Other taxallon and soclal securfty Trade Gr•ditors Other ueditors Tuals and deferred income 15,682 6.048 7.221 100,863 11,537 8,931 7,289 59,142 128,814 86,899 18 R•llr•m•nt n•fit h•rn Dolln•d contrlbutlon •chemo• The charity op8rat•s a d•fin&d contribution p8n8lon 8ch8me for all qualifying employoo8. The 888ets of Ih? 8¢h•mo aro held 8opar4tely from tho$0 of the charity in an indop•ndontly adrnini8tered fund. The charge to the statsment of financial octivltlos In respect of defined contrlbutlon schemes wa6 £41,127 (2024.. £26,937). 19 R••trlet•d fund# The restricted funds ol the charity comprise the unexpend8d balanc•s of donations and grants held on trLFSt Subject to $pecifiG conditions by donors as to how thoy may bo u$•d. At 1 Aprll 2024 In¢omlng rfr•ourco8 Rfr$our¢•• expond•d Tran•fors Al 31 March 2025 NBN Atlas Project John Ellennan Foundation Better Biodiversity Data Project New to Nature Project National Education Nature Park NewAtla$ A¢¢o1orator Proje¢t 125,200 40.000 296,055 1,659 17,959 143,350 1121,880) 149.517) 1314.7611 {1,659) 117.284) 1129,846) (3,320) 36,035 15.155 26.518 3.551 675 42,615 29,111 80,301 624.223 1634,9471 231 69.808
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEmErs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 R•8trl¢l•d fund8 {Contlnuèd) Pr•vlous yoar.. At 1 Aprll 2023 Incomlng r•8ource8 R•8our¢ 8xp•nd•d Trnn$f•rn At 31 March 2024 NBN Atla8 Project Amazon -AWS Imagino John Ellenman Foundation Better Biodivernity Data Project Enterprise Development Programmo New to Nature Project Turing Proie¢t Nature Education Naturn Park and Climate A¢tion Award8 NewAUa8 Accelerator Proj&ct 120,000 24,828 40.000 212,9 (180,001) (24,917) {3,965) {197,745) 60,001 36,035 15,155 50,000 Iso,000) 8,643 (58) 17,395 19,121 12,8CM) (5.408} (21.790) (10,0001 120.630) 2,727 12,600) 15,115 37,907 115,115) (8,7961 29.111 58.585 499.866 1452,6221 125,528) 80,301 -23-
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 R•8trf¢tsd fund8 IContlnu•d) NBN Atlas Pro'e These figures represent conlribulions from the statutory nature conservation bodies to th8 annual runnlng costs of the NBN Auas (see expanded list on page 15). hnE nman F Granl funding of £120,000 haB been received from the John Ellemian Foundation. for the perlod from January 2024 to January 2027. The fundlng Is a contribution to our core costs and will Support Iho following outcomes.. tho NBN Atlas will be providing enhanced a¢$8 to UK biodiversity data,. we will be better equipped to meet tho consorvation $•clor'£ changing needs.. and w8 will bo a more resilient organisation. Bettèr Blodlv6r8i Data Pro •¢t Funding re¢eived from sttISh Govèrnment and Naturescot to dolivtir the Better Biodiversity Dats Project INovemb6r 2022 to January 2025). The project is a partnership with Local Environmental Record8 Centres and th8 Scotti8h Biodlv6r<y Infomation Forum, and aims to safeguard and anhance access to S¢otland'6 blodfverslty data. The Now to Nature programm•, run by Groun(0 UK. provided 12-month employment opportunitiej in nature organisalion$ for 96 young poople from who might not normally have had access lo a career in thè 8nvironmenlal sedor. The programrne focused on young p8ople who are from an elhnlc mlnorfty, who are d188bl8d or who are from lOwn¢0m0 homes. We crgaled a new p0811ion of NBN Atlas Support OffKer, which was 900A funded by the programme from April 2023 to April 2024. and Cllmale A¢llon Award$ We are a partner In th18 major project funded by th• Dop•rtm•nt for EdurAlion and led by tho Natural History Mus•um. The projèct aim8 lo make sure every young p8rson in England has opportunities to develop a meaningful connection to nature. und8r8tand8 the concepts of cllmoto ch8ng• and blodlv•rgty1088, and feel8 ablo lo do 50melhing about it. Our role In the project Includes developing resources to help $¢hool$ ulili8e INaturall8tUK. The proiact 18 currently fijnded from January 2023 to Augu6t 2025. The NBN Trusl has secured lundlng from N8lur81 England and tho Environment Agency to meet a sories of oblectfve$, whlch In¢lude'. imphm•nlalion of high priority, high impact enhancement$ lo the NBN Adas, and tho d•v•lopment of an NBN Atla3 Strategy and Route Map. The project runs from January 2024 to Marth 2025. Unre•trlctsd lund• The unrestricted fund8 of tho ¢harity comprise the unexpended balances of donations and grants which are not subject to specifi¢ Conditions by donors and grantors as to how they may be used. These include designated funds which have been set a8ida out of unrestricted funds by the tru$t&•s for spècific purp088& At l Aprll 2024 Incomlng R•8ource8 resourc•• exp•nd•d Tran8hr8 At 31 March 2025 Genoral funds 179,809 250.021 1334,378) (231) 95.221 Prevlou• year: At 1 April 2023 Incoming R•sourcos r¢sour¢e$ oxpondfrd Tran¥fern At 31 March 2024 General funds 183,848 228,832 1238.399) 25,528 179.809
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Anaty818 of not ••8•ts b•iw••n fund• Unr&•trlctsd funds 2025 RMtrlcted Totsl 2025 2023 At 31 March 2025: Tanglble assets Inv8$tm8nt8 Current a8set$llliabili1188) 1,139 1.338 2,477 94,080 68,470 182,550 95,221 69,808 185.029 Unr••trl¢t•d funds 2024 R•8trl¢t•d fund• 2024 Total 2024 At 31 March 2024: Tangible assets Investments Current 0880ts1{Ilabilitiè$l 3,079 521 3.600 176,728 79,780 258.508 179,809 80,301 260,110 22 Company Ilmlt•d by guarants• National Biodiversity Nehvork Tru81 IB a company limit8d by gLtarantO8 8nd accordingly does not hava share capital. Thero Wore 8 mombor8 of the company at the year end 12024.. 9 members). Evèry mmbor promises, rf Ihg charitsble company is dis¥ofved while he or shg remains a member or within 12 months afterwards, to pay up lo £10 toward8 the c08t of dlssolutlon and th• liabilitias incurred by the Charity while the contributor was a member. 23 Related party tran8a¢tloni Remuneratlon of key managem•nt pernonnel The remuneration of key management personnel was folow8: 2025 2024 Aggregate compensation 65,907 58,774 -25-
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 23 ROthd party traTr84¢llon• (Contlnu•d) The Tru8tees believe there 18 no controlling paty of the charitable Company. BIOD Services Limited ts 8 100% subsidiary of National Biodiversity Nefvrf( TWSL It is a comp8ny limited by shares incorporated in England and Wales, company nunkner 04178674. Durlng the year, BIOD Servlces transferr8d £499 to NBN Llmlled 12024.. £8,000). As at 31 March 2025 balan¢e 01 £4 {2024: £41 remalned outslandlng to BIOD Servl¢es Llmlt¢d. 24 Sub•ldl•rlo• Tho8e flnanclal 8tatsmenl8 are 8eparat• charlty flnancS818talem•nl8 for National Bh)dlverslty Nets¥orf¢ Trust. D&tails of the charity's Subsidlarlos at 31 March 2025 are as follows.. Name of undortaklng Ro9l•tered offl¢• Nature of bu•ln••• Clo•• of •har•• h•ld % Hold Dlr•¢t Indlr•¢t 8ioD Services Limitod NBN Scotland CIC United Kingdom Proie¢t management United Kingdom Dormant Ordinary NIA 100.00 100.00 8loD Sarvle$ Limited is no longer tradlng. NBN Scolland CIC wa8 Sncorporated on 27 February 2025. Th• company18 a Communlly Int8ro8t Company (CIC), Ilmltad by guarantee wlthout sharè capltal. The rnpany h&8 not traded durfng the perlod. 28 R•cord•r 8 Con•ortlum The NBN Trust is the agent for the Recordor 6 con80rtium. Durfng the year income totalling £10,700 12024.. £10,225) wa$ r•Liv•d in r•spo¢t of $oltsv8r& Ilcen¢88 and expenditure lotalling £6312024: £421 h88 been incurred. At 31 March 2025 tho balance owing to the Record6r 6 consortiurn wa8 £80,693 {2024.' £50,056). Ca•h g•n•r•t•d from op•ratlon• 2026 2024 {Defficitllsurpu$ for the year 195,081) 37.677 Adjustments for.. Investment Income re¢ogn18ed In $tatsment of flnandal a¢tfvitiO$ Depreciation and impaimenl of tangible fixed assets 19,325) 2,836 {8,457> 2,877 Movements in working capitsl.. D8creas8 in debtors Increase in Credito 30,064 41,915 2,199 11,316 Cash (absorbgd by)19on•rntod from op•rations 129.591) 45,612
NATIONAL BIODIVERSITY NETWORK TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 27 An4ly•l8 of change• In net fund8 Tho ¢harlty had no material debt during th8 yaar, -27-