REGISTERED COMPANY NUMBER: 03318141 (England and Wales) REGISTERED CHARITY NUMBER: 1083233 REPORTOF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR NATURAL ENTERPRISE LTD Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight P030 58Z
NATURAL ENTERPRISE LT CONTENTS OF THE FINANCIALSTATEMEMrs FOR THEYEAR ENDED 31 MARCH 2025 .Page Report of the Trustees 'Independent Examiner's Report Statement Df Financlal Actlvities Balance Sheet Cash Flow Statement Notes to the Cash Flow Statement io .Notes to the Flnancial Statements li to 22 Detalled Statement of Flnanclal Act5vltles 23 to 25
NATURAL ENTERPRISE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trusteos who are also directors of the charity for the purposes of the Companies Act 2006, present thelr report with the financlal statements of the charity for the year ended 31 March 2025. The trustees have adopted the provlslons of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Flnancial Reporttng Standard applicable in the UK and Republic of Ireland {FRS 1021 leffective l January 2019}. OBJECTIVES AND AcfiviTIES Objects and alms The objects of the Trust are to: undertake economlc and environmental development throush the dellvery of programmes, prolects and contracts; promote and support sustalnable development, strateglc plannlng and dellvery in the flelds of economic andlar environmental development and social Incluslon; promote and support educatlon. tr3lnin8 and retralning to Improve the skills of the workforce and to promote the development of Industry, commerce and enterprise of all forms for the benefit of the community. promote the development of existing businesses and the establishment of new buslnes5es,' provlde a means of securing corporate and individual involvement on the Isle of Wight to develop buslne5s Ilnks with and between enterprises, authorttles and agencies to develop and foster workln8 relatlonshlps that wlll enhance the prosperlty of the area and to stimulate public awareness; collect, analyse and dlsseminate economlc, envlronmental and other Informatlon on all subjects of Interest to the Members, partners and others. promote social inclusSon In the sustainable economic and envlronmental development; offer commerclal servlces for the conseNation, protectlon, reinstaternent and Improvement of the physlcal and natural envlronment to Include the research and development of environmental thlnking, pollcy and strategy and adv55e bu51nesses on environmental sustslnability and social responslblllty; seek, assess and secure Investment In the areas of economic and envlronmental development; support thls work by enterln8 Into any arrangements wlth any government. authorlty, department, person or institution, whether European, natlonal, local or otherwlse, that may seem conducive to the Company's objects or any of them; and to obtaln from any of them any grant assistance. rights, prlvlleges, Ilcences, contracts and concesslons,. and to carry out exercise and comply with any such arrangements. grant asslst3nce, rlghts, privileges, Ilcences, contracts and concessions. In shaping our oblectives for the year and plannlng our actlvities, the trustees have consldered the Charlty Commisslon's guSdance on public benefit. Publlc beneflt All the activltles of the Trust focus on dellverin8 comfflunlty benefit and are In accordance with the objects of the Trust, The Trustees have complied with their duty to have due regard to the Charity Commlsslon's public benefit guidance when exercising any powers or duties to whlch the 8uidance is relevant. pe1
NATURAL ENTERPRISE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Review of the business Another excellent year with a number of projects c¢Jming to a condusion and new activities introduced. Our operational base ha5 5ucce55fully broadened within our Charitable Objects. After nine years of plannlng ar)d behind the Scenes work the renovations to Appley Tower were completed. returnlnB the tower to community use. This Iconlc building is now open to the publlc and once again a valued communlty asset. Natural Enterprise holds a 25 lease over the tower and 4 newly constructed beath huts. The National Lottery, Herltage Lottery Fund engagement and restoration project drew to a very successful conclusion, wlth all the milestone5 and outputs exceeded. The level and breadth of engagement has been excellent and the work on the tower has been completed to a hlgh standard. The challenge is now lo ensure the tower is financially sustainable. Working with partners Natural Enterprise stepped in to retain Catthment Sensitlve Farmin8 on the Island. Thls Important support for the farming sector, to encourages actlons to help achleve environmental improvements for water quality, air quality and flood risk mitigation and to support farmers and land manager through agricultural transltlon is considered to be very important. We dellvered another successful year of the Non Native Plants project, with Its work to protect the Island's natural environment by controlllng the spread of Invaslve plants. This work is co-ordinated and managed by the Natural Enterprlse team with tremendous help from a strong band of volunteers. Landowners both from the publlc and private sectors are beneflting from this work. This is set to contlnue in 2025/26. Our work co-ordinatlng and leadlng the Island River5 Partnership on behalf of the Envlronmental Agency has contlnued, wlth over 20 local and natlonal groups and organlsations engaged, This partnership has developed well and provldes a coherent and dynamic approach to the development of the Island's watercourses. Complementary slte speclflc projects are belng delivered.. Natural Enterprise's flag ship envlronmental project Glft to Nature benefitted from Investment irs new plant and machlnery, which gatlY enhanced our day to day work to keep our 32 sltes In good heart. A proactive policy of slte enhancements continued. Support for the Royal Isle of Wight Agricultural Soclety manifested itself In another successful Royal Isle of Wight County Show, wlth increased v151tors numbers and exhibitors. The Societys well established Educ8tlon Day was once again oversubscribed and was a Breat success, taking part in the Society's new pemianent buildin8. The Defra funded Future Farming Reslllence Fund IFFRFI project to 5UPPOrt farmers and land manager5 via our Wlght Rural Hub reached its conclusion. Worklng wlth partner5. In view of the value delivered by the hub, It was declded to contlnue the work of the hub In 2025126 and hopefully beyond. Natural Enterprise vla the Wlght Rurol Hub arranged the inauBural Isle of Wight Farming conferen in February, which brought together 160 farmers, land managers and ancillary trades. The wnference was a great success and wlll be repeated In 2026. Our partnership worklng and collaborative ethos contSnue to be key principles to our work. Governance remains strong with the Trustees and Directors meeting on a regular basis, both formally and informally. Page 2
NATURAL ENTERPRISE LTD REPORT OF THETRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Flnanclal position Total income For the year amounted to £752,720 (2024 - £632,295). Costs of generating funds amounted to £17,501 12024- £50,144). Costs of charitable activitie5 amounted to £671.22612024- £569,866). Unrestrlcted and restrlcted funds carried forward at the end of the year amounted to £269.085 12024 £209,318) and £75,39912024- £71,173) respectively. InvestmÈnt policy The trustees have the power to invest In such a55ets as they see fit. Reserves pollcy The reserves pollcy remalns the retention of a level of unre5trlcted funds, not committed or invested In fixed a55ets, equivalent to six months operatlonal costs. Thls reserve provides a buffer agalnst sudden or unexpected financlal change and would allow the charlty tlme to adjust accordin81y. STRUCTURE, GOVERNANCE AND MANAGEMENT Constltutlon Natural Enterprlse Is constituted under a Memorandum and Artldes of Association Incorporated 13 February 1997, and amended 5 October 2010, 11 June 2019 and 22 July 2020, and Is a registered company1033181411. It Is also a reglstered charity11083233}. Inductlon and tralnlng of new trustees All members of the trustee board are inducted and tralned in a timely fashion and understand thelr re5ponslbllltles. New Trustees undergo orientation related to their obllgations In re5pert of charlty and company law, the memorandum and articles of assoclatlon, and the declslon making process, Rlsk management The rlsk management strategy Is to conslder and regularly review the main rlsks the charlty may face, Systems are In place to mltl8ate these risks and to implement procedures to minimi5e the Impact of dlfflcult events. A Risk Reglster is maintained and updated on a regular ba515. The Re8lSter is formally reviewed by the Trustees at least annually or as required, It Is the vlew of the Trustees that prudent risk management should aim to increase the level of flnancial protection, and or8anlsatlonal flexibllity and is achieved by the current reserves pollcy. REFERENCE AND ADMINISTR4TIVE DETAILS Registered Company number 03318141 IEngland and Wales) Reglstèred Charlty number 1083233 Reg15tered office Shide Meadows Centre Shide Road Newport Isle of Wlght P030 IHR Page 3
NATURAL ENTERPRISE LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Trustee5 The trustees setving durlng the year were as follows: Mrs L A Clarke - Vlce Chairman B G P Friend - Chairman GRBiss R Lovegrove P DThomas No trustee held zny Interest In the company during the twoyears ended 31 March 2025. The Memorandum and Article5 of Association gives prescribed minimum and maximum numbers ol Trustees allowed, being no less than two and no more than 51xteen. Companysecretary GRBISS Independent Examiner 8riEht Brown Limited. Chartered Account'ants. Exchange House St. Cross Lane Newport Isle of Wight P030 58Z Approved by order of the board of trustees on . and signed on Its behalf by: B G P Frlend - Trustee Page 4
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF NATURAL ENTERPRISE LTIJ Independent examlner's report to the trustees of Natural Enterprlse Ltd ('the Company'l I report to the charity trustees on my examlnation of the accounts of the Company for the year ended 31 March 2025. Rèsponslbllltles and basls of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in actordance with the requirements of the Companies Act 20061'the 2006 Act'l. Havlng satlsfied myself that the accounts of the Company are not required to be audlted under Part 16 of the 2006 Act and are eliglble for independent examination, I report in respect of my examination of your charity's accounts as carrled out under Sectlon 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examlnation I have followed the Dlrectlons given by the Charlty Comm15sion under Sectlon 145151 Ibl of the 2011 Act, Independent examlneT'S statement Since your charity's gross income exceeded £250.OCIJ your examiner must be a member of a listed body. I can Conflrm that l am quallfled to undertake the examlnation because l am a member of the Institute of Chartered Accountants In England and Wales, which Is one of the listed bodies. I have completed my examlnation. I confirm that no matters have come to my attention In connection wlth the examlnation 8lvlng me cause to believe: accounting records were not kept in respect of the Company as requlred by Section 386 of the 26 Act. or the accounts do not accord wth those records: or the accounts do not comply with the accountlng requirements of Sectlon 396 of the 2006 Act other than any requirement that the accounts gfve a true and falr view whlch is not a matter con51defed as part of an independent examlnation: or the accounts have not been prepared in accordance with the methods and prlnclples of the Statement of Recommended Practice for accounting and reportlng by charities lapplicable to charltie5 preparing thelr accounts in accordance wlth the Flnancial Reportin8 Standard applicable In the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters In connectlon wlth the examlnation to which attention should be drawn in thls report In order to enable a proper understandlng of the accounts to be reached. J Palmer The Snstitute of Chartered Accountants In England and Wales Brlght Brown Limlted Chartered Accountants Isle of Wight Date: Page 5
NATURAL ENTERPRISE LTD STATEMENT OF FINANCIALACTIVITIES (INCORPORATING AN INCOME AND EXPENOITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 9,467 9,469 5,680 Charitable actlvit5es Gift to Nature Charitable actlvitles Island Rivers Royal IW Agrlcultural Soclety 125,075 224,579 15,0 125,075 564,763 15,000 26,543 133,921 407,558 15,000 34,816 340,184 26,543 Other trading activltle5 Investment Income Other income 1,057 1,057 9,293 1,520 29,664 5,356 3(hJ 9,293 1,220 Total 377,242 375,478 752,720 632,295 EXPENDITURE ON Raising funds 12,746 4,755 17,501 50,144 Charitable a¢tlvltles Gift to Nature Charltable activltle5 151and Rivers Royal IW AgrScuStural Soclety 126,375 231,698 28,467 126.375 475,862 28,467 40,522 125,307 390,768 15,040 38,751 244,164 40,522 Total 297,432 391,295 688,727 620,010 NET INCOME/IEXPENDITUREI Transfer5 between funds 79.810 120,0431 115,8171 20,043 63,993 12,285 19 Net movement In funds 59,767 4,226 63,993 12,285 RECONCILIATION OF FUNDS Total funds brought forward 209.318 71,173 280,491 268,206 TOTAL FUNDS CARRIED FORWARD 269,085 75.399 344,484 280,491 The notes form part of these financial ststements Page G
NATURAL ENTERPRISE LTD BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restrlcted funds Notes FIXED ASSETS Tanglble assets 14 66,248 66,248 9,008 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 15 16 1.950 121,537 434,672 54,826 326,3iX) 54,826 401,702 75,402 381,126 75,402 456,528 558,159 CREDITORS Amounts falling due wlthln one year 17 1178,2921 (178,2921 1286,6761 NET CURRENT ASSETS 202,834 75,402 278,236 271,483 TOTAL ASSETS LESS CURRENT LIABILITIES 269,082 75,402 344,484 280,491 NET ASSETS 269,082 75,402 344,484 280,491 FUNDS Unrestrlcted funds Re5trScted funds 19 269.082 75,402 209,318 71,173 TOTAL FUNDS 344,484 280,491 The Charltable company Is entltled to exemptlon from audit under Sectlon 477 of the Companles Act 2006 for the year ended 31 March 2025. The members have not requlred the company to obtain an audit of Its flnanclal statement5 for the year ended 31 March 2025 In accordance with Section 476 of the Companles Act 2006. The trustees acknowledge thelr responsibilitie5 for lal ensuring that the charitable cornpany keeps accounting records that comply wlth sections 386 and 387 of the Companie5 Act 2006 and preparing flnancial statements which give a true and fair view of the state of affalrs of the charitable company as at the end of each financlal year and of its surplus or deflcit for each financial year in accordance wlth the requirements of Sectlons 394 and 395 and which otherwise comply with the requirements of the Companies Act 21YJ6 relating to financial statements, 50 far as applicable to the charitable company. Ibl The notes fomi part of these financlal 5tstements Page 7 continued.-.
NATURAL ENTERPRISE LTD BALANCE SHEET- contlnued 31 MARCH 2025 These financial statements have been prepared in accordance with th.e provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for Issue . and were 51gned on its behalf by: on B G P Friend- Trustee The notes fomi part of these flnancial Statements Page 8
NATURAL ENTERPRISE LTD CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating actlvltles Cash generated from operations 33.531 10,547 Net cash provlded by operating activitles 33,531 10,547 Cash flows from Investlng actlvities Purchase of tangible fixed assets Interest recelved {75,794} 9,293 14,2971 5,356 Net cash (used In)Iprovided by investlnE activities 166,5011 1,059 ChangÈ In cash and cash equlvalents In the repoTtlng pÈrlod Cash and cash equlvalenls at the beglnnlng of the reportlng period 132,9701 11,606 434,672 423,066 Cash and cash equivalents at the end of the reportlng perlod 401,702 434,672 The notes form part of these financial statements Page 9
NATURAL ENTERPRISE LTD NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCIUATION OF NET INCOMETO NET CASH FLOW FROM OPERATING ACTtVITIES 2025 2024 Net income for the reporting period {a5 per the Statement of Finandal Activities) Adjustments for: Depreciation charges Interest received Decrease in stocks Decreasellincreasel in debtors IDecroasel/increase in creditors 63,993 12,285 18,554 19,2931 1,950 66,711 1108,3841 5,544 15,3561 3,990 152,3931 46,477. Net cash provlded by operatlons 33,531 10,547 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31,3.25 Net cash Cash at bank and in hand 434,672 {32.9701 401,702 434,672 {32,9701 401,702 Total 434,672 (32,9701 401,702 The notes form part of these financial statements Page 10
NATURAL ENTERPRISE LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basls of preparing the flnanctal statements The financlal Statements of the tharitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities,. Statement of Recommended Practice applicable to charlties preparing their accounts in accordance with the Financlal Reporting Standard applScable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Flnand31 Reportlng Standard applicable in the UK and Republic of Ireland, and the Companies Act 26. The financial ststements have been prepared under the historical cost conventlon. Income All Income is recognised In the Statement of Financial Activities once the charity has entitlement to the funds, it Is probable that the Income will be recelved and the amount can be measured rellably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the tharlty to that expenditure, It Is probable that a transfer of economic beneflts will be required In settlement and the amount of the obligation can be measured reliably, Expenditure Is accounted for on an accrua15 basls and has been classified under headings that aggregate all cost related to the category, Where costs cannot be directly attrlbuted to particular headlngs they have been allocated to actlvitles on a basls conslstent wlth the use of resource5. Tan8lble flxed assets Depreciation Is provlded at the followlng annual rates in order to write off each asset over its estimated useful Long leasehold Flxtures and fittings Motor vehlcle5 Straight line over 125 years 20% on reducing balance and Stralght Ilne over 3 years 25% on reduclng balance The cost of flxed assets is their purchase costs, tO8ether with any incldentsl expenses of acquisition. The trustees consider the writlng down periods are adequate to reflect the useful economlc Ilves of the assets and therefore that no impaimient review is necessary. Stocks stocks are valued at the lower of cost and net reallsable value, after making due allowance for obsolete and slow movlng Items. Taxation The charity is exempt from corporatlon tax on its charitable 3Ctlvltles. Fund accounting Unrestricted funds can be used In accordance with the charitable objectives at the discretion of the trustees. Restrlcted funds can only be used for particular restricted purposes within the objects of the charlty. Restrictions arlse when specified by the donor or when funds are raised for particular restricted purposes. Expenditure charged against the restricted fund represents revenue c05t5 incurred during the year for the purpose specified. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 11 continued.
NATURAL ENTERPRISE LTD NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES-continued Hire purchase and leaslng commltments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line ba515 over the period of the lease. Penslon costs and other post-retirement beneflts The charltable comp2ny operates a defined contribution penslon scheme. Contrlbutlons payable to the charitable company's pension scheme are charged to the Statement of Financial Activitles In the period to whlch they relate. DONATIONS AND LEGACIES 2025 Total funds 2024 Total funds Unrestricted funds Restrlcted funds Donatlons 9,467 9,469 5,680 OTHER TPADING AcfiviTIES 2025 Totsl funds 2024 Total funds Unrestricted funds Restricted fund5 Shop income 1,057 1,057 29,664 INVESTMENT INCOME 2025 Total funds 2024 Total fund5 Unrestricted fund5 Restricted funds Deposit account interest HMRC interest received 9,135 158 9,135 158 5,356 9,293 9.293 5,356 Page 12 continued...
NATURAL ENTERPRISE LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Gift to Nature Gift to Nature Gift to Nature Gift to Nature Charitable artivities Charitable activities Island Rivers Royal IW Agricultural Society Management Iwc Town and parish counals Grant5 Car park Income Project Income Grants Grants Prolert Income 64.355 27,375 20,437 12,908 92,659 472.104 15,000 26,543 63,869 34,141 20,002 15,909 94,371 313,187 15,000 34,816 731,381 591,295 Grants received, included in the above. are as follows: 2025 2024 Glft to Nature Other grants Island Rlvers Future FarmSng Reslllence Fund AppleyTower Rural Payments Agency 20,437 136,187 15,000 107,228 219,809 8,880 20,002 88,989 15,000 125,684 98.514 507,541 348,189 OTHER INCOME 2025 Total funds 2024 Total funds Unrestrlcted funds Re5trlcted funds Other income Insurance clalms 3CK) 300 1.220 300 1,220 1.220 3(1 1.520 300 Page 13 continued...
NATURAL ENTERPRISE LTD NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 RAISING FUNDS Raising donation5 and legacies 2025 Totsl funds 2024 Total funds Unrestricted funds Restrirted funds Fundraising expense5 12,334 214 12,548 9,754 Other tradlnE actlvitles 2025 Total funds 2024 Total funds Unrestricted funds Restrirted funds Openlng stock Purchases Closing stock Staff costs Other operatin8 leases Rates and water Insurance Li8ht and heat Staff costs P05t and statlonery Travelling Computer costs Licences and subscriptions Repalrs and renewa15 Sundry expenses Bank charges 1,950 1,950 5,940 8,817 11,9501 16,160 7,000 866 589 1,504 403 83 78 141 1,504 403 495 78 141 412 80 340 52 391 437 95 2g. 1,056 40 236 236 106 106 412 4,541 4,953 40,390 Aggregate amounts 12,746 4,755 17,501 50.144 Page 14 continued..
NATURAL ENTERPRISE LTD NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 CHARITABLE ACTIVITIES COSTS Dlrect Costs Isee note 91 Glft to Nature Charitable acttvities Island Rivers Royal IW Agrlcultural Soclety 126,375 475,862 28,467 40,522 671,226 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Staff costs Insurance Llght and heat Telephone Postage and statlonery Advertlsing Sundries Local projects Bank charges Professlonal fees Motor expenses Travelling expenses Staff costs Bookkeeping Rates and water Repairs and renewals Computer cost5 Llcences and subscrlptions Unclaimable input VAT Donatlons Independent examination fee5 Independent examiners fee for non-IE work Depreclatlon 269,017 12,154 6,379 889 3,900 9,349 720 302,960 866 5,640 5,420 1,125 2,411 1,920 543 5,509 3,618 170 15,127 3,000 1,505 450 18,554 207,865 7,459 6,784 1,107 2,473 3,626 286 248,247 1,099 34,255 5,866 259 5,942 1.920 1,102 4,082 8,525 205 21,770 1,450 5,544 671,226 569,866 Page 15 continued...
NATURAL ENTERPRISE LTD NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 io. NET INCOMEIIEXPENDITURE> Net incomellexpenditurel is stated after Chargin{creditIngl'. 2025 2024 Depreciation - owned assets Other operating leases 18,554 403 5,543 7,000 ii. TRUSTEES, REMUNERATION AND 8ENEFITS During the year, the charity paid Mr G Blss a gross remuneration of £52,586, and made employer pension contrlbutions of £6,685 on behalf of Mr G Biss, for his role as the managing director, This 15 authorised under provision as stated in the charity's 8overning document. Trustees, expenses The charity reimbursed expenses totalling £nil {2024- £1.2471 to O12024- 11 trustee. 12. STAFF COSTS 2025 2024 Wages and salaries Social securlty costs Other penslon Costs 237,103 13,097 20.321 196,873 9,835 17,317 270,521 224,025 The average monthly number of employees during the year was as follows: 2025 2024 Charltable activities No employees received emoluments in excess of £60,OIXI. 13. COMPARATIVES FOR THE STATEMENT OF FINANCIALAcfiviTIES Unrestritted fund5 Re5tr1cted fvnds Total funds INCOME AND ENDOWMENTS FROTr Donations and legacies 51 5,629 5,680 Charitable activities Gift to Nature Charitable activitles Island Rivers Royal IW Agricultural Soclety 133,921 151,779 15,000 133,921 407,558 15,ooa 34,816 255,779 34,a16 Other tradlng activities Investment Income 29.664 29,664. 5,356 5.356 Page 16 continued...
NATURAL ENTERPRISE LTD NOTES TO THE FINANCIALSTATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 13. COMPARATIVES FOR THE STATEMENT OF FINANaAL AcfiviTIES- continued Unrestricted lunds Restricted funds Total funds Other Income 300 300 Total 296,302 335,993 632,295 EXPENDITURE ON Raising funds 9,754 40,390 50,144 CharStable actlvltles Gift to Nature Charltable activities Island Rivers Royal IW Agrlcultural Society 125,307 178,234 15,040 125,307 390,768 15,040 38,751 212,534 38,751 Tolal 261,039 358,971 620,010 NET INCOMEI{EXPENDITUREI Transfers beeen lunds 35,263 {26.4561 122,9781 26,456 12,285 Net movement in funds 8.807 3,478 12,285 RECONCILIATION OF FUNDS Total funds brousht forward 200,509 67,697 268,206 TOTAL FUNDS CARRIED FORWARD 209,316 71,175 280,491 Page 17 continued.
NATURAL EfERpRIsE LTD. NOTES TO THE FINANCIALSTATEMENTS- continued. FOR THE YEAR ENDED 31 MARCH 2025 14. TANGIBLE FIXED ASSErs Fixture5 and fittings Long leasehold Motor vehicles Computer equipment Totals COST At l April 2024 Additlons 22.816 75,150 15,556 644 39,213 75,794 At 31 March 2025 97,966 840 16,200 115,007 DEPRECIATION. At l April 2024 Char8e for year 17,281 16,929 630 210 12,294 1,415 30,205 18,554 At 31 Marth 2025 34,210 840 13,709 48,759 NET BOOK VALUE At 31 March 2025 63,756 2,491 66,248 At 31 March 2024 5,535 210 3,262 9,008 All of the flxed assets are used in the dirert furtherance of the charlty's objectlves. 15. STOCKS 2025 2024 Stocks 1,950 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR. 2025 2024 Trade debtor5 Other debtors Prepayments 48.868 51,209 64,700 5,628 5,958 54,826 121,537 Page 18 contlnued...
NATURAL ENTERPRISE LTD NOTESTOTHE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 17. CREDITORS,. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors VAT Other creditors Deferred income Accrued expenses 4,643 12,236 4,239 131,522 25.652 10,683 4,440 5,139 242,767 23,647 178,292 286,676 18. LEASING AGREEMENTS Minlmum lease payments under non-cancellable operatin8 leases fall due as follows.. 2025 2024 Wlthln one year Between one and five years 403 404 19. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31,3,25 At 1.4.24 Unrestrlcted funds General fund Future Farmin8 Resilience Fund Fixed assets 205,325 3,993 69,951 9,856 186,2901 188,986 13,849 66,247 66,247 209,318 79,807 120,0431 269,082 Restrirted funds Glft to Nature 151and Rivers AppleyTower West Wlght Greenway 70,507 666 4,895 113,4681 14,2101 13,0311 75,402 12,802 4,210 3,031 71,173 115,814} 20,043 75,402 TOTAL FUNDS 280,491 63,993 344,484 PaEe 19 continued.
NATURAL ENTERPRISE LTD NOTES TO THE FINANCIAL STATEMENTS- continued.. FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUNDS- continued. Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unre5trSrted funds General fund Future Farming Reslllence Fund 270,013 107,229 1200,0621 {97,3731 69.951 9,856 377.242 1297,435) 79,807 Re5trlcted funds Gift to Nature Island River5 Apple¥ Tower West Wight Greenway 135,898 14,999 226,862 12,2811 1131,0031 128,4671 {231,0721 17501 4,895 113,4681 14,2101 13,0311 37S,478 1391,2921 (15,8141 TOTAL FUNDS 752,720 1688,7271 63,993 Compar3tlves for movement In funds Net movement In funds Transfers between funds At 31.3,24 At 1,4.23 Unrestrlrted funds General fund Future Farming Resilience Fund 195,488 5,021 36,293 11,0281 126.4561 205,325 3,993 21X).509 35,265 126,4561 209,318 Restrlrted funds Gift to Nature Island Rivers AppleyTower 66,992 705 3,515 1391 {26,4561 70,507 666 26.456 67,697 122,9801 26,456 71,173 TOTAL FUNDS 268,206 12,285 280,491 Page20 continued.,,
NATURAL ENTERPRISE LTD NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THEYEAR ENDED31 MARCH 2025 19. MOVEMENT IN FUNDS- continued Comparative net movement In funds, Induded in the above are a5 follows: Incoming resources Resources expended Movement in funds Unreslrlcted funds General fund Future Farming Resilience Fund 170,346 125,956 1134.0531 1126,9841 36,293 11,0281 296,302 1261,0371 35,265 Restricted funds Gift to Nature Island Rivers Appley Tower West Wlght Greenway 169,214 15,001 98.513 53,265 1165,6991 115,0401 {124,9691 153,2651 3,515 1391 126,4561 335,993 1358,9731 (22,9801 TOTAL FUNDS 632,295 (620,0101 12,28S Glft to Nature Is the flagship con5ervatlon project of Natural Enterprise Ltd, looklng after 174 hectares of the Isle of Wlght's countryslde, We deliver conservatlon projects In the public realm of the Island each year and 5pe¢lfically we.. look after countryside and green spaces on the Isle of Wight help people improve the land they manage run lots of interestln8 and fun events to Inform people about the importance of the Island's natural environment promote routes to access the countryside look after special habitats and species gSve advlce and support to people about how to do these things for themselve5 Island Rivers Is a project to develop a whole Island approach to the development and protection of rivers acfOSS the Isle of Wight. The Appley Tower fund represents funding secured to undertake renovations to the tower and delivery of a heritage ensa8ement pro8ramme. West Wight Greenway is a project to establish the link between Yarmouth and Newport and make It Possible to travel across the Island from east to west and to join the NCN23 which run5 between the north and 50Uth coasts. The Future Farming Resilience Fund represents funding received from Defra which allows the delivery of a range of support measures to famiers and land manager5. The fixed assets fund has been created because the trustee5 consider it necessary to disclose the value of unrestricted fixed assets separately to the charity's other unrestricted funds in order to'show a more transparent view of the charity and it's free and available reserves. Page 21 contlnued...
NATURAL ENTERPRISE LTD NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH Z025 19. MOVEMENT IN FUNDS- continued Transfers between funds During the year, fund transfers have been prtscessed in order to rectify restricted funds that were in deficit, as well as to show the value of the fixed assets separately as noted above. 20. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. Page 22
.NATURAL ENTERPRISE LTD DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restrlcted fund5 INCOME AND ENDOWMEMrs Donatlon5 and legacies Donations 9.467 9.469 5,680 Other tradlng actlvltles. Shop income 1,057 1.057 29,664 Investrnent Income Deposit account Interest HMRC Interest recelved 9,135 158 9,135 158 5,356 9,293 9,293 5,356 Charitable actlvltle5 .Prolect Income Management IWC Town and parlsh counclls 'Grants Car park Income 114,432 4,770 64,355 27,375 255,246 12,908 119,202 64,355 27,375 507,541 12,908 129,187 63,869 34,141 348,189 15,909. 2S2,295 366,727 364,654 731,381 591,295 Other Income other Income Insurance clalms 300 1,220 300 1,220 1.220 300 1,520 300 Total Incoming resoUe$ 377,242 375,478 752.720 632,295 EXPENDITURE ,Ralslng donations and legacies Fundralsing expenses 12,334 214 12,548 9,754 .Other tradlng actlvities Opening stock Purchases W3ges Social security Carried forward 1,950 1,950 5,940 8,817 14,519 541 29,817 1,440 1,440 3,390 3,390 This page does not form part of the statutory financial 5tatement> Page 23
NATURAL ENTERPRISE LTD DETAILED STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restrlcted funds Other tradlng actlvltle5 Brought forward Pensions Other operating leases Rates and water Insurance Light and heat Staff costs Post and statlonery Travelling Computer costs Llcences and subscriptions Repairs and renewals Sundryexpenses Bank charges Closing stock 3,390 64 403 83 78 141 3.390 64 403 495 78 141 29,817 I,ioo 7,(KJO 866 589 489 80 340 52 391 437 95 28 1,056 11,9501 412 40 236 236 ic 106 412 4,541 4,953 40,390 Charltable activities Wages Social security Pen51ons Insurance Light and heat Telephone Postage and stationery Advertising Sundrles Local projects Bank charges Professlonal fees Motor exponse5 Travelling expenses Staff costs Bookkeeping Rates and water RepaSr5 and renewals Computer costs Licences and subscriptions Unclaimable input VAT DonatSons Independent examination fees Carried forward 115,276 5,251 8,082 7,890 3,308 607 3,900 3,477 692 84,014 78S 700 1.030 1,041 1,438 1.920 413 3,225 3,004 120,387 7,846 12,175 4,264 3,071 282 235,663 13,097 20,257 12,154 6,379 889 3,900 9,349 720 302,960 866 5,640 5,420 1,125 2,411 1,920 543 5,509 3,618 170 15,127 182,354 9,294 16,217 7,459 6,784 1,107 2,473 3,626 286 248,247 1,099 34,255 5,866 259 5,942 1,920 1,102 4,082 8.525 205 21,770 5,872 28 218,946 81 4,940 4,390 84 973 130 2.284 614 170 15,127 1,505 265,685 1.505 652,222 1,450 564.322 386,537 This page does not form part of the statutory financlal Statements Page 24
NATURAL ENTERPRISE LTD DETAILED STATEMENTOF FINANCIALAcfivimES FOR THEYEAR ENDED 31 MARCH 2025 2025 Total fund5 2024 Total funds Unrestricted fund5 Restricted funds Charitable activie5 Brought forward Independent examlner5 fee for non-IE work Depreciation of tangible fixed assets 265.685 450 18,554 386,537 652,222 450. 18,554 564,322 5,544 284.689 386,537 671,226 569,866 Total resources expended 297,435 391.292 688,727 620,010 Net Income/{expendlturel 79,807 IIS,8141 63,993 12,285 This paBe doe5 not form part of the Statutory financial statements Page 25