Secret WorLd WiLdLife Rescue Annual Report 2024 Registered Company Number.. 04672215 (England and Wales) Registered Charity Numbers= 1097119, 1097119-1, 1097119-2 (England and Wales) Report of the Board of Trustees and Audited Consolidated Financial Statements For the Year Ended 31 st December 2024 This annual report presents the audited consolidated financial statements and performance review of Secret World Wildlife Rescue, incorporating: Secret World Limited (Company No. 03658761) The Bluebell Sett Charitable Trust Bluebell Sett Regulatory Affiliations: Registered with the Fundraising Regulator Supported by the National Lottery Heritage Fund Patrons: Rose Buck, Lloyd Buck, Jilly Cooper CBE, Mike Dilger, Sarah Fisher, Anthony Head, Billy Heaney, Martin Hughes-Games, Simon King OBE, Desmond Morris, Chris Packham CBE, Rhianna Pratchett, Valerie Sir)gleton OBE, Chris Sperring MBE, Hannah Stitfall, Michaela Strachan Secrot World Wildlif8 Rescue-CQNSOLIDATED REPORT OFTHE TRUSTEES- Encorpor￿lngth0 report of th8 Dlrectorsfortheyearended 31" De¢ember2024 Contents Page Legal and Administrative t)etai15 Acknowledgement5 What We Do-wision, Mission, Area5 of Operation Public Benefit Statement Achievements and Performance Structure, Governance and Management Trustee Governance and Recruitment Risk Management People and Culture Management and Staffing Founders, Report Volunteering Report Wildlife Care Report Wildlife Releases Report Learning and Education Report Retail Report Fundraising Report Facilities and Maintenance Report Financial Review Statement of Trustee5 Responsibilities Independent Auditors Report Consolidated Ststement of Financial Activities Consolidated Balance Sheet Charity Balance Sheet Consolidated Ststernent of Cash Flows Notes to Financial Ststements Detailed Consolidated Profit and Lo55 Account 10 13 13 14 15 17 18 20 21 24 25 26 27 28 38 Secrel World Wlidilfo Re$cue- CONSOLIDATED REPORT OF THE TRUSTEES- Incorporatlng the report of the Drre¢tors for the year ended 31" D8cernber 2024 Legal and Administrative Details The Trustees, who are also directors of the Charity for the purposes of the Companies Act 2CK)6, present their report and the audited financial statements for the year ended 31 December 2024. The financial ststements have been prepared in accordance wth: The Charities Act 2011 (amended 20221 The Companies Act 2006 The Statement of Recommend& Practice ISORPI: Accounting and Reporting by Charities applicable to charities preparing accounts in accordance with UK Generally Accepted Aicounting Practices. including FRS 102:The Financial Reporting Standard applicable in the UK and Republic of Ireland. Legal Status Registered Company Number: 04672215 (England and Wales) Registered Charlty Number: 1097119 (England and Wales) Llnked Charltles: The Bluebell Sett Charitable Trust- Charity Ntjmber 1097119-2 Ifomierly 10786911 Bluebell Sett- Charity Number. 1097119-1 (formerly 1048323) Linked Tradlng Company. Secret World Limited- Company Number. 03658761 (England and Wales) Reglstered Office and Operatlonal Address New Road, East Huntspill, Highbridge,5omerseL TA9 3PZ Trustee5: Richard Hockey- Chair Chris Stenlake- Treasurer & Company Secretsry {re5igned (N1103120251 Wendy &)odwin-Wice Chalr Hilary Bloor- Trustee Gail Burfitt- TnJ5tee lappointed 77109120241 Chris Pawson- TrusLee (resigned 21111120241 Dominic Philllps- Trustee Senior Leadershlp: Chief Executive Officer.. Jackie Palmer Company Secretary. Chris Stenlake Iresigned 04/03120251 Founder& Advisor. Pauline Kidner External Advisor: Dr Elizabeth Mullineaux BVM&S, DVM&S, CertSHP, FRCVS RCi/SRecognlsedSpeciali5tin IVild/ifeMedicine (Mammalianj Secretworldwildlife Rascue-CONSOLIDATED REPORTOFTHETRUSTEES-in¢orporatingthe reportof the Directors for the year ended 31 Deoember 2024 Acknowledgements Patrons: Rose Buck. Lloyd Buck . Jilly Cooper CBE . Mike Dilger. Sarah Fisher . Anthony Head . Bilty Heaney . Martin Hughe5- Games . Simon King OBE - Desmond Morris . Chris Packham CBE. Rhianna Pratchett . Valerie Singleton OBE . Chris Sperring MBE . Hannah Stitfall Michaela Strachan Bankers: CAF Bank Ltd ICharitie5 Aid Foundation) 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ HSBC Bank PIC (Hongkong and Shanghai Banking corporation) 23 Fore Street, Bridgwater, Somerset TA6 3LE Auditor: Prentis & Co LLP 115c Milton Road, Carnbridge, CB4 IXE (Appointed from 01 January 20201 Fundraising Regulator Secret World Wildlife Rescue is proudly registered with the Fundraising Regulator and is committed to upholding the highest standards of good practice in all our fundraising activities. We adhere to the Code of Fundraising Prattice, which Sets the standards for ethical and transparent fundraising across the UK. This ensures that all our effort5-whether carried out by staff, volunteeT5, or third-paty partners-are legal, open, honesL and respectful. By following these standards, we aim to build trust and confidence with our supporters and the wider public, ensuring that every donation is used responsibly to help wildlife in need. What We Do: At Secret World Wlldllfe Rescue. our mission i5= To prevent wlldllfe suffering needlessly and to Insplre in everyone a love and understanding of wildlrfe and the ountry51de. We are dedicated to the rescue, rehabilitation, and release of British wildlife. while inspiring greater understanding and respect for the natural world. Ourcore Aims Rescue We provide a responsive rescue service for sicl injured. orphaned wildlife acr055 the SoUthw￿l Our dedicated team is hefe for wildlife all year round. Secret Worldwildlife Rescue- CONSOLIDATED REPORT OF THE TRUSTEES-incorporatingthe reportof the Directors forthe year ended 31" December 2024 Rehabilitate and Release We offer expert care to a11 wildlife admitted to our centre, working to return them to the wild as healthy and self-sufficient animals wherever possible. Expertlse and Excellence We aim to be a respected source of knowledge, advise and a centre of excellence for British wildlife care, continuously improving standards and sharing best practice. Inspire and Educate We deliver engaging education programmes and outreach to inspire people of all ages to better understand and valve British wildlife. Sharing Knowledge We champion the sharing of our expertise and enthu5iasm-both with the public and with professionals in the By engaging people in learning about British wildlife, we help them reconnect with nature and foster a sense of responsibility for protecting its future. Our Values Respecting We use our resources wisely and value the commitment of our supporters, volunteers, and Employees- everyone plays a vital role. Acting Responsibly We uphold high standards in everything we do, ensuring our actions are ethical, sustainable, and accountable. Where We Work: Secret World Wildlife Rescue operates across the Southwest of England, with most of our rescue and rehabiSitation work focused in Somerset. Bath. and Bristol. We also regularly receive animals from Cornwall. Devon, Dorse( South Gloucestershire, and Wiltshire. Due to our specialist expertise particularly in the care and rehabilitation of badger5-we occasionally receive wildlife from much further afield, including Yorkshire and beyond. In addition to hands-on care, we provide telephone and email advice to thousand5 of individua15 each year. This includes sUPPOrt for members of the public. veterinary professiona15. and other wildlife rehabilitators across the UK and internationally. Map of the southwest of England and location of secret world wildlife rescue. Secret World Wildlife Rescue- CONSOLIDATED REPORT OFTHETRUSTEES-incorporatingthe report of the Oirectors forthe year endod 31" December 2024 Public Benefit Secret World Wildlife Rescue ISWWRI exists to care for and rehabilitate orphaned, injured, or distressed British wildlife and to educate the public to foster tolerance, understanding and respect for wild animals. In line with the Charity Commission's guidance, the Trustees confirm that SWWR delivers clear public benefit through the following core artivities.. Wildlife Rescue and Rehabilitation: We provide a free service to the public by rescuing and caring for sick, injured, or orphaned wildlife. Where recovery is not possible, we work with veterinary professiona15 to ensure animals receive a swift and humane end lo prevent further suffering. Trusted Wlldlife EKpertise: SWWR is a recognised centre of excellence for wildlife care. We Share our knowledge widely through free advice by phone, email, social media, and printed resources lo the public, veterinary professionalg, and other wildlife rehabilitators acr05S the UK. Volunteering and Community Engagement: We offer meaningful volunteering opportunities to hundreds of individuals each year-including students, people with disabilities or special educational needs, those out of work, and retirees-helping them to gain skills, confidence, and social connection while supporting our mission. Together, these activities ensure we deliver both direct care for wildlife and valuable educational and community benefits across the UK. Our wild111e ambulance with 50rne friends. Volunteer ￿SpOnSe drivers learn to handle sorne'wild. animals,. Inspiring Learning and Supporting Public Services We inspire learning about British wildlife and encourage people of all ages to discover how they can help protect it- contributing to the conservation of our natural environment for both current and future generation5. We achieve this through our educational worl including wildlife courses, workshops, school visits, and our annual conference. We also reach a broad audience through local and national media-television, radio, newspapers-as well as digital platforms including our website and social media channels. In addition, we support national emergency services, such as the police and fire brigade, in responding to wildlife incidents in public spaces. By assisting in the safe rescue of trapped or injured wild animals, we help protect both wildlife and public safety. Secret World Wlidiife Rescue- CONSOLIDATED REPORT OFTHE TRUSTEES- incorporatingthe report of the Dlrectorgforth8 yearend8d 31* Decemb8r2024 Achievements and Performance in 2024 The Trustees are pleased to present their repor¢ along with the financial ststements, for the year ended 31 st December 2024. Throughout the year, Secret World Wildlife Rescue has continued to make significant progress towards fulfilling tts tharitable objectives, overcoming challenges, and expanding its impact across the southwest and beyond. This section highlights key achievements, operational performance. and the positive outcomes delivered by the Charity during 2024. STRU GOVERNANCE AND MANAGEME LEGAL STRUCTURE Secret World Wildlife Rescue ISWWRI is controlled by fts goveming d¢xument, the Memorandum arKI Articles ol Association dated 20th February 2003 and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. SWNR Charity Iregistered in Engla1￿ and Wales, number. 1097119} was created to unite the existing charitable organisations, Bluebell Sett and The Bluebell Sett Charitsble Trust. By uniting the Organisatio￿ in this way, SWWR has become more efficient in the administration of the CharTty and in the condud of tts operatlOn5. Bluebell Sett and The Bluebell Seti Charitable Trust have been retsined onty to receive legacies and regular donations. The results of these unincorporated entities are included in these firtancial statements. Audited accounts have been produced under the Uniting Direction Order. GROUP STRUCTURE SWWR contro15 two unincorporated charitable trusts, Bluebell Sett and Bluebell Sett Charitable Trust. In additio SWWR also controls Secret World limited. a wholly owned trading subsidiary which operates the Charity Shops, rental of the Bluebell Barn for weddings and external meetings, and other comtnercial activities which raise funds for the m4in Charity. ORGANISA TIONAL sfRUCTURE SWWR is the main operational Charity. It is governed by a Board of Trustees / Directors compriging a minimum of three and maximum of ten, responsible for the strategic govemance. direction and management of the Charity. Trustees are actively engaged in developing SWWR'S policies, processes and capabilities across all functions. A total of eight trustees served during the period of this reporL The Trustees meet for I￿e1ve board meetings, all of which were in pelson with Trustees having the option to attend virtually via zoom if necessary. BOARD OF TRU TEE GOVERNANCE AND RECR IT The AGMS for SWWR and its trading company, Secret World Limited, We￿ held in person in August 2024. Two trustees Stepped down during 2024. Dr Chris Pawson left the board, partially due to work commitment5 and Kelly Rickards, who wa5 Co-opted to the board, reluctantly had to step down due to a change in her work structure. Chris had a significant impact on the charity assisting wtth developing and supporting educational progrdrnmes and undertaking stat15tical analysi& Secret World Wildlife Rescue-CONSOLIDATED REPORTOFTHE TRUSTEES-Incorporatingthe reportof the Directors forthe year end6d 31" December 2024 Kelly, with a background in Finance, was co-opted to the board to help look at our financial structure and processes. It was hoped that Kelly would join the board as a full trustee but unfortunately a change in her personal work circumstances meant that She could not accept the offer. The Trustees, employees and volunteers would like to offer their sincere thanks and gratitude to Chri5 and Kelly for their time, advice, support and commitment during their time on the Board. At the AGM in 2024 Richard Hockey was elected a5 Chair with Wendy Goodwin elected as Vice Chair for a second year. During 2024, after a selective recruitment process, the Board co-opted a further person to complement the Board'5 existing skills matrix. Gail Burfitt brings a wealth of experience relating lo Health and safety, and subsequentlyjoined the Board as a full Trustee in September 2024. The Board now, perhaps More than anytime previously, has a broad and diverse knowledge base. Recruitment to further strengthen this is planned for 2025. In particular the Board are seeking individuals with a professional background, knowledge and skill set based in Education, Fundraising and Retail. Appointment ol Trustees SWWR has developed and maintained a strong process for the recruitment and appointment of its Trustees. Detailed job descriptions have been formulated and used when advertising vacancies which are advertised publicly. Prospective candidates are required to provide up-to-date Cvs, complete a skills audit and attend an interview with a Board panel of at least two Trustees to ensure they have the skills needed. If selected from interview two suitable references are a150 sought and Disclosure and Barring Service IDBSI checks are undertaken if appropriate for their role. Trustee Induction and Training All prospective Trustees are required to have individually designed induction training. This involves them spending at least one day meeting senior management and other key employee5 and volunteers, as well as being briefed about key operational areas, including animal care, retail, educational provision and fundraising. Trustees are then encouraged to start using their specific strength5 and experience to contribute to discussions and meetings and begin supporting and advising on specific initiatives that play to their strengths. RISK MANAGEMENT The Trustees have a duty to identify and review the risks to which the Charity is exposed and ensure appropriate contro15 are in place to provide reasonable assurance against fraud and error. The ongoing operational, business, financial and reputational risks faced by the Charity are identified as follows.. Secret World Wlidllfe Rescue-CONSOLIDATED REPORT OFTHE TRUSTEES- InGorporatlngthe r8POrt ot the Direclorsforthe year ended 31" December 2024 TheTrustees confirm that they have established sy5tern5 to mitigate significant rfsks and have priorittsed efforts regardlng risks Wlth highest probability and significant potential impact. A robust Set of mitigating actlons are In place with relevant managers, together with the Board of Trustee5 and the Chief Executlve Officer ICEOI taking ownership of thelr risks.This will give greater control over risks and enable the Board and senior managers to plan p￿ventatiVe action before anything untoward occuis. PEOPLE AND CULTURE OUR SUPPORTERS Secret World Wlldlife Rescue continue5 to thrive thanks to the incredible generosityof our 5UPPOrters. Their donations of time, goods, services and money are the foundation of our work. and it was a pleasure to welcome many to our events thioughout the year. We are deeply grateful for their ongoing commitment OUR PATRONS Our Patrons (listed on page 11 continued to offer their names, suppor¢ and advice throughout 2024, Their backing 15 greatly appreciated. MANAGEMENTAND STAFFING In 2024. Jackle Palmer wasappointed CEO, continuing her strong leadership of the Charity. She 15 SUPPOrted by a skilled Senlor Management Team, including founder Pauline Kidner, Scientific Advisor Dr Elizabeth Mullineau Mike Still IHead of Retail), Daniel Harding (Head of Finance), Nick Davis (Head of Facllitlesl, Ali Sawer (Head of Administration} and George Bethell. who joined us as Head of Education and Public Relations. In response to updated veterinary regulatlons In 2023. Secret Wodd became a registered veterinary premises and began employing a part-time veterinary surgeon. In 2024, we began planning to expand our on-site vetersnary provision to further improve the care we can offer to wildlife in need. We also said goodbye to Laura Bennett {wildlife Care Manager) and thank her for her contributionL OUR PEOPLE In 2024, we employed a total of 43 peO1￿e acros5 our main site and charity shops, Including full-time, part-time, and casual 5taff.we said farewell to 12 team members (8 ￿l1-timeand4 part-time) and welcomed 5 new employees who bring fresh skills and enthusiasm. Casual staff provided vitsl support throughout the year, particularly during busy periods and staff absences. Volunteers remaln at the heart of our organisation. In 2024, we were proud to welcome 143 new volunteers-an inspiring reflection of the communitys ongoing sUPPOrt for OLJr mission. A HEAI￿FELTTHANKyou As we reflect on 2024, I would like to take this opportunity to express my deepest thanks to everyone who makes Secret World Wildlife Rescue what it is. To our Patron5 and Trustees, thank you foryour continued guidance, support. and belief in our mission. Your involvement gives strength and credibility to everything we do. Secret World Wildlife Re$cue-CONSOLIDATED REPORT OFTHETRUSTEES-Incorporatingthe report of the Dlrectors forlhe yearended 31°, December 2024 To our dedlcated Employees and volunteers, your loyalty, hard work, and unwavering commitment are at the heart of Secret World. Every injured animal cared for, every phone call answered, every shift covered, and every effort behind the scenes contributes to the incredible outcome5 we achieve for British wildlife. To the public thank you for contactir)g us when wildlife is in distress, for bringing animals into our care, and for standing with u5 through donation5, ftJndrai5ing, and encouragement. You are Oltr extended team, and your compassion keeps our work going. Together, we are making a difference. Thank you for being part of this journey and for helping protect the wildlife that depends on us. Jackie Palmer, Chief Executive Officer FOUNDER'S REPORT Paullne Kldner. Charity Founder and Advisor 2024 began with extended operational hours-now covering 6am to midnight, with an emergency advice line overnight. While this has increased costs, it ensure5 we offer the best care possible to wildlife casualties. Educatlon and Outreach Education remains central to our mission. While I've stepped back from full-time duties, I continue giving tslks, with tsur Head of Education, George Bethell, leading most outreach. Our February conference launched a busy year of courses, school vislts, and events. I've led sessions on wildlife rescue and badger care, and it's rewarding to see our experienced staff stepping into teaching roles. Our Wildlife Weekend was a highlight, combining talks and activities to raise awareness about how personal choices impact wildlife and the countryside. Conservation and Habitat Work Working with Mark Walker, we created a wildflower bed beside a laid hedge to support education and biodiversity, benefiting both plant learning and pollinators. Badger Advocacy I collaborated with the Badger Trust to produce seven fact sheets covering rescue, care, legal i55ues, and bovine TB testing. l also joined a London march to protest cor)tinued badger culling over 230,000 killed since 2013, now affecting two-thirds of England. Support and Community. We're grateful for generous support this year. The Serendipity Singers raised over £600. and the Association of Animal Art15ts contributed £5,000 through exhibitions and auctions. Every contribution helps us continue our work. Secret World Wlldlife Rescue- CONSOLIDATED REPORT OFTHE TRUSTEES- Incorporatingihe report of the Directors fortheyearended 31" December2024 Anlmal Stories and Successes •R Our seasonal cycle of orphan care, rehab, and release keeps our team busy. One amusin9 Story.. a Little Owl released on a landowner's site has taken over a Barn Owl box-a luxury home, and hopefullysoon, a home fortwo. Secret World remains a place of safety for all wildlife large or small, common or rare. I'm proud to still be part of this incredible journey. Volunteering Report Gemma Payton, Head of Volunteering In 2024, over 200 volunteers contributed 22,218 hours-a 42% increase on 2023-valued at £255,5071+56%1. Th15 excludes hour5 from our 60+ response drivers who play a vital role in transporting injured and orphaned wildlife. We welcomed 143 new volunteers and hosted 32 introduction tours1172 attendees110 sUPPOrt recruitment. All new volunteers now complete structured online and in-person training, including role-5pecific inductions. Volunteer Contributions by Department120241 Department Wildlife Care Student Placements Maintenance Volunteers Hours % ofTotal 7,568 34% 5,085 23% 3,129 14 3,117 1,265 6% 736 486 28 Retail 28 140h Reception Laundry In addition, 28 student placements gained valuable experience through placements lasting from 3 weeks to a year. We also weScomed 45 corporate groups, adding 320 extra volunteers for project-based tasks. Our heartfelt thanks go to all our volunteers-you make everything we do possible Wildlife Care Report 2024 Laura Bennett. Wlldlife Care Manager In 2024, 2,991 wildlife casualties were admitted to Secret World Wildlife Rescue ISWWRI. Our team also handled 15,121 wildlife-related enquiries through telephone, Facebook, WhatsApp, and email providing vital advice and support to the public across the UK. sto We successfully released 738 animals back to the wild, including.. Secret World Wildllfe Rescue-CONSOLIDATED REPORT OFTHE TRUSTEES- Incorpor8tingthe report of Ihe Dlrectors forthe yearended 31" December 2024 While these figures are based on our logbook, data accuracy may be affected due to difficulties encountered while upgrading and migrating between digital databases, which led to potential gap5 in record-keeping. Admissions were lower than in 2023, primarily due to new regulations restricting the use of certain medications by any persons other than a veterinary professional. As a result, many casualties had to be taken to local veterinary practices for assessment and euthanasia. when necessary, particularly in cases involving hedgehogs and larger mammals, which cannot be euthanised on slte without a vet present. This shift also led to a decline in admission donations, as animals were often diverted before reaching our centre. Avian influenza also continued to impact our admission numbers as, due to the high risk to Secret World from avian cases, we were unable to admit the usual volumes of avian casualties and were particularly limited in our ability to admit and rehabilitate waterfowl Department Developments In early 2024, the Reception Supervisor role was absorbed by the Wildlife Care team. This merger improved workflow and collaboration across departments. Receptionists received husbandry training and now a55lSt with wildlife-related enquiries, while Wildlife Care staff have taken on reception duties when needed, particularly during busy summer rnonths. The result is a more cohesive and flexible team structure. A new 24-hour wildlife advice rota was 8150 introduced, ensuring round-the-clock support for wildlife emergencies. While the system has proven effective, it was occasionally stretched due to Staff sickness, requiring cover from other departments, including the Wildlife Release Co-ordinator and Reception team. One notable success was the rehabilitation of Vixen,, a fox rescued in November after becoming entangled in garden netting. Despite initial concerns over her recovery, intensive care and enrichment enabled a full recovery and release after four weeks in care. Facilltles & Veterinary Partnershlp At the end of 2024, SWWR completed a full refurbishment of all onslte aviaries, including repainting and storm repairs. New layouts and furniture were designed by Wildlife Care Supervisors for improved functionality, particularly for woodpigeons, corvids, and birds of prey. We also transltioned from Quantock Vet H05Pltal to a new veterinary partnership with Nurture Vets in Wells and Weston-Super-Mare. This new collaboration marks an exciting step fonward in developing our veterinary support services. 12 Secret World Wlldllfe Rescue-CONSOLIDATED REPORTOFTHETRUSTEES- incorporatingthe report ot the Directors fortheyear ended 31" December2024 Wildlife Releases Report 2024 Charlotte Wroe, Release Co-ordinator In 2024, Secret World Wildlife Rescue admitted nearly 2,000 orphaned or struggling juvenile animals, many of whom required intensive care and soft stage release support before returning to the wild. Some were successfully returned to their mothers shortly after being brought in-an ideal outcome when possible. Notably, we reunited two badger cubs and a fox cub with their mothers following short Stays in our care, avoiding the need for long-term rehabilitation. We soft released ten badger cubs in two groups of five. Monitoring through RFID (remote microchip reader) technology confirmed that the cubs stayed near their artificial sett and successfully settled into the wild. A total of seventeen fox cubs were soft released during the summer, with only three females in the group. All dispersed well, leaving the release site ready for life in the wild. One particularly meaningful release involved a rescuer who returned to assist in releasing the cub he had originally saved-highlighting the emotional connection and impact of wildlife rescue. A milestone this year was the first successful tree return of a Tawny owlet, which was reunited with their mother. She responded immediately byfeeding them an encouraging moment for the team. An additional fourteen Tawny owlets were soft released, five of which were returned to their original areas despite not being able to be re-nested. Hundreds of other orphaned animals-including birds, mammals, and small mammals-were released successfully after rehabilitation, making 2024 another strong year for wildlife recovery and reintegration. Learning and Education Report 2024 George Bethell. Head of Education & Public Relations 2024 brought exciting developments, including our first fullyfunded education sessions: WildAc3demy-Backto Natureand Helping Hedgehogx With support from Burnham and Highbridge Men's Club, over 50 children learned about hedgehog conservation and built their own hedgehog house5 to take home. Follow-up school visits helped reinforce key wildlife care messages. Secret World Wlldlite Rescue- CONSOLIDATED REPORT OF THE TRUSTEES- Incorporating the report of the Dlrectors fortheyear ended 31°, December 2024 Our outreach work expanded, with the delivery of sessions to over 40 groups, including schools, community organisations, and the Worldwide Veterinary Service Young Vet Club, who visited Secret World for wildlife rescue and rehabilitation workshops. We began a new partnership with Cannington College, delivering a keynote presentation at their Environment Day to inspire future conservationists. Another major step was the development of our Learning Volunteer team, now supporting education se55ions. Our Open Weekend was rebranded as Wildweekend, placin9 greaterfocuson education through talks and workshops. We also welcomed wildlife presenter and biologist Billy Heaney as a Patron, whose passion for nature education strengthens our mission. A highlight of the year wa5 George's promotion to Head of Education and Public Relations, recognising his role in growing our education and public engagement efforts. Adult Learning and Events Interest in our wildlife rescue and rehabilitation cou¥ses continued to grow, drawing participants from across the UK and beyond. Our annual Wildlife Conference was a standout succe55, raising £7,000 and prompting plans for a larger venue in 2025. Looking Ahead to 2025 In 2025, we aim lo expand our education programme further, with plans to secure funding for more free community sessions and develop stronger links with charities such as the RSPCA. The arrival of our new vet will also enable the return of our popular veterinary continued Professional development ICPDI courses. With a growing team and new partnerships. Secret World's education work continue5 to thrive-en5uring more people galn the knowledge and passion needed to protect British wildlife for generation5 to come. Retail Report 2024 Mike Still. Head of Retail In 2024, our retail strategy focused on measured growth, ensuring new stores are opened in high-footfall, strategically beneficial locations. With rising operational costs, careful site selection is critical for future expansion. Store Perforfflance Overview With limited new openings in 2024, the management and Board of Trustees Opted to consolidate and strengthen existing operations, ensuring full compliance, best practice, and policy implementation before expanding further. While store turnover across the estate has been strong, particularly in Langport and Glastonbury, the Board and SWWR management are also addressing concern5 around high retail overheads that could offset profitability. Measures to streamline operations and enhance cost-efficiency are underway, ensuring the retail arm continues to make a sustainable contribution to the organisation's wider mission. Secretworld Wildlife Rescue-CONSOLIDATED REPORT OFTHE TRUSTEES_incorpor811ngthe reportot the Directors lorthe year ended 31" Decembar2024 Retall Hub & Merchandise Our Retail Hub processed over 12 metric tonnes of textiles, although income was impacted by a sharp drop in raglrecycling prices. Meanwhile, our gift and merchandise lines expanded with two new Artisan makers and the launch of four exclusive SWWR merchandise items. Trading & Events In 2024, the Retail team has been involved in events and venue hire. This included.. A full rebrand of our wedding and event offering Launch of bespoke wedding packages with a new pricing structure Hosting our first-ever wedding fair, resulting in bookings into 2025 and beyond Expansion into corporate events and end-of-life ceremonies to diversify revenue Looking Ahead Our focus remains on opening the right stores in the right locations in 2025 while continuing to Streamline operation5 and strengthen our trading activities. Retail plays a key role in our wider Strategy to reduce dependency on legacy income and build a sustainable financial future for the charity. >r Fundraising Report 2024 Peter Holdway-Bradley, Fundralslng Manager Despite the challenges posed by the ongoing cost-of- living crisis, 2024 was a successful year for fundraising at Secret World Wildlife Rescue, thanks to the incredible generosity of our supporters, organisations, and Trusts. While we faced a setback with the departure of our Fundraising Manager, David Plant, in June-leaving the role unfilled for the remainder of the year-our fundraising efforts continued to thrive. We launched two majorappeals In 2024: 'Make Do and Mend, Appeal raised £14,000 to fund urgent repairs to our 'Tiny Tliings Mattel Appeal iaised £15,000+, directly supporting garden bird and bal care, including esseiilial repairs to our flight aviaries over winter. Fundraislng Hlghlights New Year's Dip Iclevedon Marine Lake).. 50 participants raised £965. Adoption Programme.. Raised just under £36,000. Sponsored Skydive Imayl.. 2 participants raised £1,354. Secretworid Wildllfe Rescue-CONSOLIDATED REPORT OF THE TRUSTEES- incorporatlngthe report ol the Directors forthe yearended 31" De¢ember2024 'Friends of Secret World, Memberships.. Generated over £8,000. Special Art Auction.. Sculptures donated by Doulla Aebli. Tough Mudder Southwest.. 4 participants raised £1,149. David Plant's 24-hour Line Dance- Raised £3,318-thank you Davidl Regular Giving.. Our amazing regular donors contributed £64,000+. London Marathon.. Thank you to Carolyn Hughes for her support. Serendipity Singers Concert: Raised £600. Community Events.. From 'Talk on the Wild Side" to the Wild Beach Walk,. Langport Charity Shop's haircut fundraiser, and many more. Association of Animal Artists.. Chose us as Charity of the Year and raised £5,000 through their artwork auction. Annual Auction & Ball.. Raised £7,000-thank you to all attendees and donors. Charlie Webb lage 81 climbed Snowdon and raised an incredible £3,812-a true Wildlife Championl SprTeTr Wtyrf4 Membersofthe Serendipitysingas donatingfvndsrai5edhom thelr annualconcert charl￿ Webb 7hanks for£rya Wlldlrfe ChampioLII We were also supported by many generou5 schools. businesses. and community groups, including.. St. Dunstan's School. Porter Dodson, Scotts Furnishing5, Polden Bower School, Spark Somerset, Coly House Dental, Curry's 8ridgwater, Hurn Lane Caravan Club, and the Glastonbury Frost Fair, among others. Art￿lshOts from Da¥￿$$￿n50￿d2+hO￿lIirte dance- cortgratulatit￿S andthnkwul Our verytough and verymuddy Toughmudder teamra￿￿9rn0neXfv5e(fff Wofld. Trust & Foundation Support We're especially grateful for funding from: Animal Saviours: For Hedgehog House Workshops. 16 Secret Worm Wildlife Rescue- CONSOLIDATED REPORT OF THE TRUSTEES~Incorporatlngthe report ol the Directors forthe year ended 31" DecembeT 2024 Somerset Community Foundation: Forwild Academy Educatlonal Workshops. Hare PreseNatlon Trust: For leveret care. Rose Animal Welfare Trust & SPAR Community Cashback Scheme: For general support. A Flnal Thankyou We extend our gratitude to David PlanL our former Fundraislng Manager, forfour years of outstsnding service. Hi5 dedication left a lasting impact on our charity, and we wish him all the best in his next chapter. To all our supporters, volunteers. donors, businesses, schools, and Trusts thank you. Your kindness makes our work possible. Desplte the ob5tacle5, your belief in our mlssion allowed us to rescue. rehabilitate, and release thousands of wild animals in 2024. We look fO￿ard to 2025 wlth renewed energy and deep appreciation for all who stand wlth us in proterting Britlsh wildlife, Facilities & Maintenance Report 2024 Nlck Davls, Head of Facllities 2024 was a busy and productive year for our Facilities team, with a strong focus on improving site access, zoning, and functionality. While challenges persisted, our small but dedicated group of employees, supported by fantsstic volunteers-continued to deliver key upgrades across the stte. Site Development & Infrastructure Groundworks improved access across the site for staff and vehlcles. Zoning of the site began with the installation of nearly l(K) fence posts and feather board fencing, separating public and commercial areas. New storage solutions for Wildlife Care are undenway to supwrt operational efflclency. Two shipping containers were installed and connected with a roof to create a covered malntenance area, allowing for secure equipment storage and outdoor wor Facillty Improvements The Millie Block will benefltfrom new uPVCwndows In early20￿,[unded bythe Make Do and Mend Appeal. The Bluebell Bam underwent a significant refurbishment to become a flexible event space, including.. Airconlheating system installation ear and serving hatch fit out Drainage and internal decoration Already hosting events with posttive feedback Future kitchen upgrade planned The marquee was cleaned. re-Astroturfed, and fitted with peTmanent p)werand lighting, enhancing its use forweddings and events. Securlty & Sustalnability Maglocks and keypads were added to key gates and doors. Additional camera5 were installed to improve site security. 17 Secret Wortd Wlldufe Rescue- CONSOLIDATED REPORT OF THE TRUSTEES-incorpor8tlngihe report of the Dlreclors fortheyear ended 31" December 2024 A'Green Team, was launched to explore and implement more svstsinable and eco-friendly prartices acro55 the charity. Steps were taken to resolve a right of way issue that has restricted our ability to fijlly secure the site. Supportlng Communlty Engagement & Fundralslng The team contributed to numeTOUS events and fundraising efforts, including: Charity Ball Setup with themed woodland entrance and lighting Tough Mudder Challenge, completed by two team members, raising £1,000 Pop-up pizza team, cooking at events Ilke the Fun Day, Wedding Fayre. and Frost Fayr￿r&l5Ing dditional funds and building a great reputation Weather Re5pon5e & Ongolng Work The year ended wth Seve￿ storrns, bringing down trees and fence& The team responded qulckly with chainsaws and manpower, restoring safety and order to the site. Thank you to ourvolunteers and corporate groups. whose time, skills and energy made many of these Projects Possible. Special thanks to Gemma Payton, our Volunteer Coordinator, for her support thioughout the year. Thanks to the ongoing commltment and adaptability of the team, 2024was another year of progress, ensurlng the site remalns functional, safe, and welcoming forwildlrfe. staff. volunteers. and visitors. Financial Review Summary- 2024 2024 was a challenging financial year for the charlty due to the difficult national and intemational economlc climate. Secretworld Wildlife rescue saw its income decwse by I compared to 2023. This decllne was primarily driven by a significant drop in legary donations. However, the impact was partly offset by Increased income fr¢)m our trading activities. including charity shops and events. Operatlonal spendlng rose by 15%, reflecting inflationary pressures and necessary investment in staffing and compliance. A key factor was a 2596 Increase In staff costs, particularly within our Animal Care team, following changes in the national minimum wage and regulatory requirements. Additionally, property-related expenses rose by 27%, cor)trikyJting to the overall rise in cos Income In 2024, agaln due to pre55ures previously identified. Secyetworfd Wildlife Rescue ger)erated a total income of £1,299.264, a l 9% reduction frorn the previous year. Fundra15ing and legacy glfts accounted for £789fj72 lor61%1 of totsl income, with the remainder coming from trading activities such as our charity shops and educational events. Fundralslng Income rose by nearly IO%, refiecting strong support from our community and improved campaign performance. In contrast, grant income dropped sharply by 88%. due to temporary stafflng gaps Within our Fundraising team early in the year. 18 Secret World Wlldllfe Rescue-CONSOUDATED REPORT OF THE TRUSTEES-IncofPOrntlngthe report of the Direclors for the year ended 31" December 2024 The primary reason for the overall income decline was a 39% fall in legacy donatlons, a funding source that can fluctuate slgnificantly from yearto year. Despite thls, legacy glfts remalned our largest single Income stream, bringing in £487fi04.These generous contributions were instrumental in helplng us meet rising costs and continue providing essential care to the wildlife in our care. Close behind were ourtrading actlvltles, which brought in £463,044-a vitsl and more stsble component of our financial strategy. Expendlture Totsl expenditure rose in 2024, reflecttng l)oth inflatlonary trends and strategic Investment in our operations. The cost of ralslng funds increased by 11 5%. from £421777 in 2023 to £471,574 in 2024. This wa5 largely drfven byrising office, ￿, and propertyC05t& Charltable spending increased by 20%-an additional £191354.The majorltyofthisgrowth was due to staff costs within our Wildlife Care team. linked to wage increase5 and stsffing adjustments as SWWR restructured its veterinary services provision and builds in-house veterlnary capabllities, the flrst step being becoming a registered Veterinary Practice Premise& These changes were essential to ensure we continue to meet hlgh stsndards of animal care and legal compllance. Reserves Policy Secret World Wildllfe Rescue maintains a reserves pollcy to ensure we are flnancially ￿5111ent and prepared for unexpected challenges. Our reserves Strategy includes: Free reserves: Unrestricted funds not committed to specific projects or tied up in assets, held at a level equal to: Six rnonths of planned expenditure,or The amount needed to responsibly wind down operation5, whichever Is higher. Deslgnated reserves: Funds set aside for specific purposes. such a5 ￿tUre capital projects or strategic investments. Following financial uncertainty during the COVID-19 pandemiG ourTrustees voted in october 2020 to raise the free reseNes target from three to six months of expenditure. For 2024. the agreed target range was £322JJQO to £386,400. At year*nd, our free reserves stood at £417tM)O. placing us over our target range. This provides the financial stsbility needed to plan for the future while continuing to deliver vitsl services to wildllfe in need. Concluslon The UK charity sector Is faclng significant economlc challenges, Induding rising costs, increased demand for seryices, and a potentlal decllne in donations. These pressures are leading to financial instsbllity for many organizations and impacting thelr ability to delivervltal services. Secret World continues to look at ways to diversify its income streams while remaining focussed on its key charity objectives. 19 Se¢ret Wlldlbe Ile•¢ue-CON50LIDATED REiioKf OFTHE THUSTEES- Ineorporetlnqthe repofl ot the Dliector8 for Ihe year •nded 31" December 2024 STATEMEKf OF TRUSTEES. RESPONSIBILITIES The Trustees (who are a150 Dfrrectors of Secret World Wildlife Rescue For the purposes Df company lawl are fpsponslble for preparing the Trustees Report and financlèl statements In accordance wlth applicable law and Unlted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prdcticel. Company law requires theTru5tees io prepareflnandal ststements foreach financlal yearwhith give a true and fair view of the sLite of affairs of the charitèble c(*npany and the gr￿P and of the incoming ￿SoUrceS and applicalioll of resources, induding the tllcome and expenditure. of the charitable company and group for that pwiod. In preparing these flnanclo5 statements. IheTiustees are iequired to= selert suitabl&occountsn9 policle5 and then apply them consistently,. make judgements antl estirnates that are reasork¥ble and prudent.. state whether applicable UKAccountino Standardsand the Stètementof Recommended Practlce have been followed. subjett to any material departure5 dlsclosed and explalned in the financial statements,. prepare the fina￿la1 statements on a going concem basis Unle￿ it is inapprowiatÈ to a55ume the group will corbtiriue in operation. The Trustees are responsible for keepiNJ proper èccounting records that disclose, with reaS0r￿le accuracy at any time, the financial posltion of the charitable company and the grotsp and to ensure that the flnancial statements comply wlth Chari￿e5 Act 2011 and wlth the Companies Art 2(K￿. They are also responsible for safeguafdlng the assets of the chèritsble cornpony and the group and hence fo* taknng iea50nable 5tep5 for the prevention and detection of fraud and other irregularities. The Truttees awe responsible for the maintenance and irnte9rlty of the corporate and financial information induded on thecharity's website. TheTrustees confirm that as far a5 they are aware atihe time of approving thi5 annual feport.'- l. There is no ielevant audit information ofwhlch the chèrttsble company and gioup's audltors are unaware,. nd 2. The Tw5tees have tsken all steps that they ought to have taken to make themselve5 awart ofany relevant audit information and to establish that the auditors are èwaiA of that Infoimadon, This report has been prepaied in accordance with the special wovisions of Part 15 of the Companies Act 2006 relatiftg to small companiés and groups. Approved by theTrustees and signed on th￿[ behalf by. Richard Hockey, Chatr ofTru5tees Date..-.... 9.7..9J. 25...................... 20 SECRET WORLD WItJ)LIFE RESCUB PAGE21 FINANCIAL STATBMEhTS FOR THB YEAR BhT)ED 31 D￿mOBR 2024 JJIDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SECRET WORLD WILDLIFE RESCUE OPINION We have audited the fJrn¢ial gtatements of SEcr¢t World Wildlifr Rescue (the GTI)up) fDr the year ended 31st December 2024, which comprise Ststcment of Fttwicial Activities. Balattee sh￿ C&h How Statrment Qlld to the F&￿nCIal 5tatemrnts. illcluding a SUMM￿ ofsignificant accounting policies. The fitwicial reyorting fi7mework that has applied in their epprntion is applicable law and United Kingdom Accounting Standard5. includiDg Financial Reporbng Standards 102.. The Finallcial Reportirig Standard applicabl¢ in the LK and Republic of knland (Lnited Killgdo￿ G¢no41ty Accepted Acco￿ting Practice). ItL ollropinion. the )Inancial state]nents: ' give a true and fair view of tbe state of the group and charitys affairs &g at 31st Deeember 2024 alld of its incoming re80urces and application of resources for the year then ended: . hav¢ b¢¢n PToporly prepared in accordance with United Kingdom Generally Acceptsl Accounting Prartice; . have beeu pr¢p8red in accordance with the requiTements of the Companies Act 2(￿6 and Chariiies Act 2011. BASIS OF OPINION We conducted our audit in ￿e0rdance with Internatiot￿l Stalldatds on AuthÉing (UK) USAS (UK)) and ￿pliCable law. Our responsibiliti￿ those stftndards are fillther descritd in the A￿11￿?￿S Tesponsil)ilities for the audit ofthe SnanGial statew¢Dts 5ectioD of our report. W¢ are indepeThJeTAt of the group and clwity in accordance with ethical requirements that are rolev•)t to our auditof th¢ fin8n¢1￿ stsiem¢nts ii the UK Including th¢ FRC'S Ethi¢8] Stsndrf and we h&ve fijlfilled o other ethical Te5pou8ibiliti¢s in accordance with theserequ1rc￿ellts. We ￿liEVe thzt the audit Evidence we have obtained is sufficient aud appropriate to provide abasis for our opsntOJL CONCLUSIONS REIATING TO GOING CONCERN In auditing the fjJJancia] statementy we have Conclud￿ that the Tntstees. ￿e of the going concern basis of accoutrting in the weparatioll of the fit￿nCl￿ Statements is apprwiaTr. Based on the WO￿ we have perf0mie￿ we bav¢Th)t Identifi￿ 8ry J*ial uneertsinti¢s re]ating to ¢v¢nts or conditions thal xndividually or coll¢rtiv¢ly, c&8t Si8llificallt doubt on th¢ charl￿S ability to collttllU¢ &8 & going CO￿ aperiod of at lease twelve rnonths wl]en the fIna￿cial staten￿￿ are authoris&A for issue. Our responsibilities and th¢ re5pollsll)i]ili¢s of Ib¢ Tnkn with respectto goiDg CO￿e￿ll are des￿Ibed in the relevant sections of this report. OTHER INFORMATION The In￿te¢S arc T￿￿nsI7$1e for the other information. The other inforn￿tion compri￿5 the information iticluded ill the aunual report other than the fillancial ststements and our Awlitovs report therein. Ow opinion on the fiu8ll¢ial st&tem¢rt8 does rAOt cover the other infonnation exceptto the extent othe￿]5¢ explicitly sthted in our report ￿ do not ewes any forrn of assurarLce conclu5iOD therg)n. Ill fOllllECtion with our audit of th¢ fiDane1￿ s(At¢muAty our r¢9￿1￿￿511ty is to read th¢ other information and, in doing 50, ollglder whetheTth¢ other infoTllwtion ts rnat¢rAally iDcons&5*ut with the f[[￿iCIal statellKnts or o￿knOWIe￿ge obtained in the audit or otlwwiss appeats to be n￿terIallY Mi￿tateabilitie5 2.313.489 2,61AOIO ProvisÈvn for liabilities 19 (iooooi I'O'I-AL ASSETS 2J13,489 2,606.010 TUTAL bUNDS OFTHECHARITY Ilnrvstrickd Restri¢r¢d funrfs 1264,193 9,296 2.577,304 28,706 2.313.489 2,606,010 ThE$¢ fsnancial statemEDts ha￿ been auditEd under the requK¢mts of Seaiom 144 of CIw511u Aot 2011. These flnaxctal ststtM￿ts hwe b¢¢n acc0th￿ with the ¥*cial pvovi*ioB of Pad 15 of Ccrfnpaniu Act 2006 laiing to small Ch￿ttIble companiey and with the Fin*xiÈl R¢portiQ8 Si*thrd appli¢abl¢ ITr th¢ UK (FRS 102) {efft¢tive 1st Jaouary 20191- (Ckriiie5 SORP IFRS IW2)1 FOT the y¢ar tnded 3 Isr December 2024 the cornpthnv entitl¢d to exemptt¢)n frrm ftudii under Section 477 of the Comwies Act 21)06 r¢latinkv tyj smo11 c4mpanies bul as th¢ ¢omp•ny is a th¥rrity. it ts Jllbjedto audii ￿ th¢ Ch8rities Act 2011. Th¢ rtDan¢iJl stat¢menls %*rc #pproved by the Board of TTUStees on its khaifby.. 21ST ALXW 202 and wer¢ SI￿ on Riclard Hfy*ey- ChaÉr of Th SECRET WORLD WILDLIFE RESCUE PAGE 27 CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 Total Funds 2024 Totsl Funds 2023 Cash flows from opernting actiwities: Net cash provided by /(used in) operating aLtivities (118.524) 229.865 Purchase of fixed assets (83,510) (83,510) (39.803) (39,803) Net cash used in investing activili Change in and c&8h equivalents in the reporting wiod Cash olld cash equivalents at the beginning of the rcportiTrg Cash and cash equivalents atthe end of the rep)rting peTiod (202,034) 641,932 190.062 451,870 439.898 641.932 SECRET WORLD WILDLIFE RESCUE PAGE 28 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 21y24 ACCOUNTING POLICIES BAStS OF PREPARfNG THE FINANCIAL STATEMENTS The fmancial ststements hav¢ been prepared in accordance with Accin￿tt￿8 andReporttiig by C￿lties.. Statement of Recon]mended Pradi¢¢ applicable lo charitie5 PTepry their accounts in accordance the Fin8n¢ial Reporting Standard applicabl¢ iti tbe UK a￿a Republtc of treland (FRS 102) issued lkn)ber 2019 (effective l Jauuary 2019)- (ClJaritie5 SORP (FRS 102)). tbe Financial Reporting Slandard appiic¥ble ia th¢ UK 8ndRepub]ic of irelalld (FRS 1021 and the CompaDies Act 2006. The princip￿ a￿OUnting ￿lie1&9 adopted in Ihe preparation of the financial statetneTits are set out below. Secret w￿ld Wildlife Rescue me¢ts the definition of g public benefit 6ntity under FRS 102. Assets abd li8bÈlitie5 ¢ iDitiallyTCGogoised atbistorical cost or transaction value uDlss8 Otherwi￿ ststed inihe rekvant accounting policy nots(s). PREPARATION OF FINANCIAL STATEMENTS ON A GOtNG CONCERN BASIS These finaDciJI ststements have been prepared on a golng concern basis 45 th¢Te aTe no rnaterÈal uncertAintEes about the up's abllitylo continue. These f￿anCIal 8tatemellts ore pr¢F•red in pound yterling wbich is aLsothe Charit￿5 function￿ cufftw. All amounts have t*en round?d to the nearest￿d. unless otherwis¢ indic GROUP FNANCIAL STATEMBNrs These fmancial statements c(msolkdatc the T¢suIts of th¢ and Secret World Ltd. INCOMING RESOURCES All inGorniDg ￿SOurCeS are inclu(kd OD the Statement of FiDaDcig1 Artivitiw th¢ thity is le8&lly entitled to the income and the 8JnouDt ¢an be quantified with re&srnable &curacy. Grarts r¢ceivablc are recogni5ed when all qualifytrig crit¢Tia hav¢ been 5atisfjed and aTE strt¢d gross within the Statement of Financial Activitie4 with capital and clwitable activity e4*nditLtre also stated RESOURCES EXPENDED EXp￿dItUre 58 &C￿u￿1Cd for on all ae¢ruals b￿lS gnd betn ¢lassifi￿ under h¢adiDgs that aggregate all related to tb¢ category. ALLOCATION AND APPORTIONTrIENT COSTS Vehlcle costs, mobile and laud line c05W prillti￿ wstage. stationery. office machine Mainte￿¢¢ aud wago3 costs have been apportion¢d b¢tween JnyDagem¢nt 5UPtthcosts. animal care aDd overheads to show a truer Tw&g6ntstion of direct anim81 care costs and edllcation costs. Wat¢r T4t¢s have b¢eTL apportioned between overhead8 aud aDitllal (¥rE bwed on ¢sti￿a￿d ¢X)nSU￿tion directly &ttributsble to Care of mirnals including laLuthy. MartagemenL aDimal carB aud fundThisiDg wages have be￿ apmioned between all]n￿l care, education and nwement based tm the t]￿£ spent by each staff i)n each activty during the year. All other costs arv a￿adY accuTatrly split a￿d do uot rEquire apportiOlliD& rANGIBLE FLKED ASSETS The Charity Previousty capitslised the eosts of creatllig a n¢w website, incoipornting an online shop. This bas F*en affiortised over 3 years on a strdi¥bt line basis. SECREf WORLD Wt£DLIFE RESCUE PAGE 29 NOTES TO THE FINANCIAL STATEfviENTS FOR THE YEAR ENDED 31 DE￿￿BE￿ 2024 AccoifNTfNG POLICIES............ TANGIBLE FIXED ASSETS Individual fixed assets ¢0sting £100 or more capitalised at cosL Dep￿lation is provided at the following annual Tates in order to write off the cost le&s estiM￿T¢s]du￿ value of ass¢t over its estittjthd EL%efjJl life. Freehold propety - straigbt line over 50 years on the cost of buildings and land is not depreKi&ted - 5traigbt line over the lease terni of eitber 5 or 20 years - sLraTght line ovff 4 or 10 years and 25% on reducing balance, depeDdiDg on the asset use - 15Y¢ ¢m reducing balance - 5trai8ht Iine over 4 ye￿5 25% on r¢th￿Illg balanc¢, d¢￿di￿g tlje ￿8¢t us¢ - straight line ovtt 4 years Improyernentsto pro Plamt and n￿hl￿ery Fixttw and fittings Motor v¢hicl¢s Computer Equipma STOCKS St(Kk$ ar¢ vallled at the lower of cost and net realisable valu@ afiET ￿ak￿ng due allowanrx for ob501ete and slow moving items. Stocks are valued on the first in first out b&8is. TAXATION The Charity is ¢urreutty exempt from CorrA)Tatiots and VAT re￿ratIOn on its ch￿I￿bIe &¢tivit&es. FUND ACCOUNrtNG Unrestricted funds, including df5igDated ￿ds. be used in accordance with the charttable objectives at the discretion of the TTUSt¢aS. Restricted funds can be used for partscularrtstricted purtmises within the obj¢Lts of the CI)arity. Restrictions arise when Specifi￿ bythe (knnor or when the fiD¥Js aT¢ Taised forparticular restrict&lpwpose5. Furtbor explallation of the nature and pUryX￿ of each futd is ill¢lud￿ ID notss to the statwllcDts. HIRE PURCHASEI AND LtsAsfNG COMmIIlirfE￿Ts Rentals paid under operating leases ate thargryj to the stateM￿rt of Financial Activitie5 on a straight line basi5 over the period of the lease. PENSION COSTS AND OTHER P0ST.RETIREm￿ BEXEFrrs A p¢nsion scheme for eligiTr)le employees was itttroduced ill January 2016. Secret World employe¢8 who meel the criteria for auto enro]rn￿t were automatic&Uy enTolled into the Wolt Save Pension Plan with tLgal and Genernl on l January 2016. The scheme is funded by contributions from the eD]ployees aDd a contribution of 3% from Secret World in 2024 (3Yo'. 2023). this contribution will chang¢ ID fitture ￿[5 ill accordaTKe with governmeTrt legisiatioTh. DONAIED GOODS DoDatsd goods arc recognised in the accounts a5 illcome donattOn5 With all ￿u]v&1ettt expettse reco￿15ed under th¢ 4)propriate he&ding in tbe Statement of Financial Acttvities e.& A]himAi Care. &gsets are donated, they a again recogllised as income under donatiims with au equivalent a&qet creatrd under the appropriate Iieading. Donated goods are recognised on the basis of the value of the gill kning the atnount the Chwity would have to spend to obtain Èbe go(ds. SECRET WORLD WILDLIFE RESCUE PAGE 30 NOTES TO THE FtNANCIAL STATEMEN13 FOR THE YEAR ENDED 31 DECEMBER2024 L)ONATtONS ANI) IEGACtFS. GROUP Unrestricted Restrict￿} Fund5 FurKIs 2024 2024 Unrestricted Restri¢te£1 Toral Funds 2023 2(124 2023 2023 Donations Gift Aid Legacies Gr&nts 212,863 40,461 487,604 19,140 29.604 242.467 40,461 487,604 19,140 219.996 39,671 803,729 151.809 1.000 220,996 39,671 803.729 157,407 5.598 760,068 29.604 789,672 1,215.205 6,598 1.221.8Q3 ID 2024 the Charity received au estimated£4,421 (2023.. £5.788) wolth of goods for use in Anin]al Catr SeTvices wbichhas begn recognised a6 a donatioll WTth the ￿u1Valellt expe￿￿ Show￿ under anirnal c￿¢ c4)sts. Grduts ￿e1Ve4 included in the abov4 are &$ foll¢M.' Totsl Futth Fullds 2024 2024 Unrestricted Restrictsd Fund5 2023 Totsl Funds 2023 Fund8 21Y24 2023 Individua]s Co￿oTate 46,184 105,625 5,598 51,782 105.625 19.140 19,140 19.140 19.140 151,809 5.598 157.407 OTHER TRADING ACrIvrr￿. GROUP UDrcstricted R&8triCted Funds Funds Fund5 2024 2024 2024 UJ]restricted R¢stri¢t¢d Funds Funds 2023 2023 Tots] F￿dS 2023 Fundraising ¢vents ChaJity shop income SDcial lotterA6S Animal Adopti¢ms Trad￿g incom¢ 46.081 376.299 965 35527 4.172 46,081 376299 965 35,527 4.172 41,3 18 268,481 1.993 37,774 6.643 41,318 208,481 1,993 37,774 6,643 463.044 463.044 356,209 356,209 INVESIMENTS. GROUP Unrestricted Restricted Fun¢Ls 2023 Totsl Funds 2023 Funds 2024 Funds 2024 Funds 2024 2023 Deposit accourt ititerest 17,092 17.0 7.357 7,357 SECRET WORLD WILDLIFE RESCUE PAGE3T NOTES TO THE FINANCIAL STATEfv￿TS FOR THE YEAR ENDED 31 DECEMBER 2024 OTHER INCOME. GROUP Unrestsicted R¢strscted Fuod5 FuDd5 2024 2024 Ullrestrieted liestricted Futtd8 Funds 2023 2023 2023 2024 tn3urance claim Other donatiOU5 . IFriend8 of SW) 3,631 3.631 8J95 8,395 8.708 8,708 12.026 12.026 8,708 8,708 COSTS OF RAIS￿G FUNDS. GROUP Unrestricted Restricted Funds Fund5 2024 2024 Total Fullds 2024 U￿restrICtEd Restricted Funds Funds 2023 2023 Total Fvnds 2023 Fu]Mlrwiog costs incI￿lIng foT ￿5&le stsff costs Arnortisation md depreciation Propety eosts Office ajjd rr costs 19,751 287,876 18,314 108,452 28,167 19.751 287.876 18.314 117,466 28,167 21,707 268257 23,645 78,157 20,404 21,7Q7 268,257 23.645 88,764 20,404 9,014 10.607 462.560 9,014 471.574 412.170 10,607 422,777 DIRECT cHAlUTABI￿ COSTS. GROUP CURRENT YEAR 2024 Oll￿r Care P4Juc4tiOD Expenditure Total Direct Costs Staff costs A￿Ort138ts0n and depTe¢i¥4ti011 Propety costs Office and IT costs GovernJJce Provisions reversed 192,901 601.613 40,738 79,532 14,083 931 105,774 20,383 53.021 14.083 193,832 7a7,387 61,121 132,553 28,166 7,063 {10.ODO) 7,063 1,120,122 7.063 (5.(KJO) {5.OLM)) 189,192 923,867 DIRECT CIL4RrrABLE COSTS. GROUP PRIOR YEAR 2(f23 Care Education EKpendituro Total Direcl costs stsff costs Amortisation depr¢¢iatii Propety costs Office and IT costs Governance 190.010 444,847 47,272 65,093 10202 3,911 79,020 27,933 43J96 10.202 193,921 523.867 75,205 108.489 20,404 6,882 6,882 757,424 164,462 6.882 928,768 SECRET WORLD WILDLIFE RESCUE PAGE 32 NOTES TO THE FfNANCIAL STATEMENTS FOR THE YEAR Ehl)ED 31 DEcE￿BER 2024 NET INCOMINGI(OUTGOING) RESOURCFS (GROLre) 31.12.24 31.12.23 Net r¢souTCP5 arE Stated after chargin￿(Cred(ttD8)'. Auditot%' remwierdtion- curKeDt year DepreciatiorA- 0￿￿ed assets Website ￿￿ortisa110￿ Other opeTattng leases 7,063 78.103 1,333 77216 6,882 97.050 1,800 65.440 TRUSTBES, REMtMRATION BENEFITS- GROUP AND CHAIUTY There were no Tn￿tee5, i¢muD¢ratiOJA QT otherbenefits forthe year ended 31st DecernTr￿ 2￿24 nor for th¢ year 31st Decenther2023. TRUSTEES ' EXPENSL8 Total Trustee ex￿Se5 claimed weTe £Nil forthe year ended 31 Dexember 21Y24 (2023.. £Nil). Total donations Te¢eived from Tnwets tll the ye4r W¢T¢ £890 (2023.. £840). 10. STAFF COSTS- GROUP AND CHARITY ye￿ ended Year eTLded 31.12.24 31.12.23 Wage5 alld salari&g Socigl s¢¢wity Casts Oth¢rpension costs 910,205 63,980 21.078 727,497 48,696 15.929 995,263 792.122 The averdge monthly of employees duTing tbe wiad &8 follows (excludiDg casual workers).. Year ended Year ended 31.12.24 31.12.23 16 Shop Fundraising andtrading Animal care s¢ryic Cleaning 8ttdmaintenance M￿lEeMent Volunt¢er w4￿]￿a10r Administrative and accouTrts tKarning 13 52 35 There were no Bnwloyees with bEn¢fits iu excess of £(j).0￿ for the year ended 31 D¢Cell￿Er 2024 (2023: ￿). The key rnanaggnent personnel of tbe C]wsty in 2024 coJnprjs￿ the TnL8tees. Chief Executive Officer, ch￿]ty Founder Bnd Advtsor al￿ Head of Animal Cate Servic￿. Th¢ employv beneffts of the key maoagement ￿￿onnel for 2tr24 were £67.539 (2023.. £59262). SECRET WORLD WILDLIFE RESCUE PAGE 33 NOTES TO THE FINANCIAL STATEMENTS FOR 7HE YEAR ENTIED 3 1 DECEMBER 2024 2024 Website 2023 W¢bsit¢ 11. rNTANGIBLE FLKED ASSETS . GROUP AND CHARrrY COST At 1st January and 31stDecember AMORTISATION At 1st JaDuary Charge for th¢ year 29,438 29,438 27,160 1.333 25,360 1,800 At 318t December 28.493 27,160 NET BOOK VALUE AT 31ST DECEMBBR 2024 945 2.278 12L TANGIBLE FIXED ASSETS- GROUP AND CHARrrY- 2024 FTeehDld Improven￿lts Pknit and Fixtures lator Cotnput prnpttty to ptopcrty alld Fittill85 Vchiclcs Equipmcnt Total At I Ianuary 2024 Additions 1,3Y2,368 97A704 54.398 133,935 5,572 59,034 16,192 59,(K13 5.200 95.328 2,716.372 2,148 83,510 At 31 De¢ember 2024 1.392J68 1.031.102 139.507 75,226 64,203 97,476 2,799,882 DEPIiECIATION At l J￿Uary 2024 Charge forthe year At 31 De¢¢mber 2024 63,888 24,477 503,568 27.214 129,245 1.886 29,208 8.051 25,462 8,819 77,206 7,656 828,577 78,103 88J65 530,7¥2 131,131 37259 34281 84,862 91￿,680 NET BOOK VALUE As at 31 Dewnber 2024- Gro￿ 1304,003 s[￿,320 ,376 37,967 29,922 12,614 1.893,202 As at 31 December 2024- Charlty I J04,003 5(Kl.320 3,480 24,243 24.216 5,967 1.862,229 12b. TANGIBLE FIXED ASSETS. GROUP AND CHARFfY. 2023 Freehold Improvemellts Plant 8Dd Fixtures Motor Computcr prOt￿ty topn)perty Machincry andFittiTV V¢hiGl¢b EquipnKnt Total At l January 2023 Additions IJY2.368 964.978 11,726 133.935 39.590 19.444 59.(103 86,695 2,676,569 ,633 39,803 At 31 Decembpr 2023 1,392,368 976.704 133,935 59,034 59,003 95,328 2,716,372 DEpREC￿TIoN, At l January 2023 Charge forth¢ year 39,411 24,477 454.866 48,702 127.103 1142 24,725 4,483 14,282 11,180 71,140 6,066 731,527 97,050 At 31 December 2023 63,888 503.568 129245 29,208 25.462 77206 828.577 NET BOOK VALUE As at 31 Deceuiber 2023 - Group 1.328,480 473,136 29,826 33.541 18,122 1,887.795 As at 31 December 2023 - ChaTty I J28,480 473.136 4.6 16,555 25,933 9.450 1,858,244 Included yu cost or valu&tion of Land and Bull(lings 18 freehold land of £167,040 (3111￿023.. £167,(MO) SECRET WORLD WILDLIFE RESCUE PAGE 34 NOTES TO THB FINANCIAL STATEMENTS FOR TELE YEAR ENDED 31 DECEMBER 2￿24 13. FIXED ASSETS INVESTMENfs . CHARrrY SUBs￿￿￿Es Secret World Limited County of InC￿Oration.. Engiaud 8nd Wales Nature of Bu5i])e53.' Trndiug Ckns of shar￿. holithng 100.00 Yetr ended Year ended 31.12.24 31.1223 29,466 46,642 29,466 46,553 76,108 76.019 The Charity was gifted lo￿0 of the isswl ordinary sbar c4pitsl of Secrct World Ltd (Company numb¢r 036587611, company incorporat￿ in England and Wal¢s. The TnLStees deem the makn Yglue of these sh8res to be £Nil. The sub5i(liary ￿￿ertaking is in¢luded within the wll501idated ac￿￿1t& 14. LINKED CHAIUTIES Secret World Wildlife R¢5cue a]50 Wrtrols two ￿lDCOrporated clwitrble trusts. Blu¢bell S¢tt and The Blueb¢ll Sett Charitable Trust. Shown b¢low is 8 gtsmTn8ry of Statem¢Dt of Fi[WKi￿ Activities and Balance Sheet for each trusL SUMhlARY STATEMENT OF FfNANCIAL ACnViT￿S The Bluebell Sett Ch￿Itable Trust 2024 2023 Bluebell Sett 2024 2023 co 12.558 5,940 EXPENDfIuRE Bauk rharges TrBnsfers made (60) (60) (8,000) (5,000) Net In¢ome 4,498 880 SUMMARY BALANCE SEiEET The Bluebell Sett c￿ltable Tr￿$t 2024 2023 Bluebell Se4t 2024 2023 ASSErs T￿n￿lIe &ssets CURRENT ASSETS 3.307 3.307 8,738 4,240 Total net assetslliabi]itiGs 3.307 3,307 8,738 4,240 UNRESTRICTED FLfNDS 3.307 3,307 8,738 4,240 SECRET WORLD WILDLIFE RF.SCUE PAGE35 FIOTBS TO THE FINANCIAL STATEME.Nts FOR THE YEAR ENDED 3 I DECEMBER 2024 15. STOCK Group 2024 Charity 2024 2023 2023 Fundraising Animal ¢aTe services 17.935 10.716 11.527 15,753 10.716 15.753 28,651 27280 10.716 15,753 16. DEBTORS Group 2024 Clwity 2024 2023 2023 Trade debtors Other debto Amounts owed from ￿0Up undertakit Prepajments and accrued iDcome VAT debtors 4.846 17.218 2,995 114,077 2,886 17,218 18,786 22,943 2,100 114,078 6,575 25,281 31.982 5,625 30,074 5.107 59,671 152,253 61.833 148,034 17. CRf,.DITORS: Amounts falling due within one year Group 2024 Charity 2024 2023 2023 Trade creditors Social security and other taxes Pension Accrnals and deferrcd income 39,913 13,813 221 8.916 26,589 14.302 300 8,411 35,092 13.813 22l 8,616 10,596 14.302 300 8,411 62,863 49,602 57,742 33,609 18. OPERATtNG LEASE COMmITME￿S- CIROUP AND CHARITY The following opxratillg It￿e payJncnts arc wmmitted to b¢ paid.. Within l year 2 5 years Over 5 year8 2024 2023 59,000 59,000 236,000 218,500 124,500 178,500 419,500 456.000 19. PROVISIONS. GROUP AND CIIARrrY 2024 2023 BrouglLt forward (Released) to StateEll¢llt of CoEnprehensivc InGom¢ io,ooo (10,000) 10,000 Carri¢d forward 10,000 20. CAprrAL COIIWTMENTS - GROUP AND CIIARITY A5 at the b&18￿ce sheet date Charity had Tto capttal COT￿￿l￿]￿ts for th¢ following year. SECRET WORLD WILDLIFE RESCUE PAGE 36 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1 DECEMBER 2024 210. MOVFJ*lENT tN FLft4DS. GROUP At Tran$f¢rs At l January Incoming iKtWE¢ll 31 Dec￿llber 2024 Resources EX￿dIti￿ Fund8 2024 General fi￿d DESIGNATED FUNDS Capital Build R¢s¢rv¢ 2249,027 1.269,660 (1.592,682) 1.926,005 374,830 374,830 1623,857 1269.660 (1,592,682) 2,300,835 REsfRICTED FUNDS Other restricted funds 28,706 29,6(H (9,014) 1652.563 1299264 (1,6Ql,696) 49.296 TOTAL F(JNDS 2,350,131 21b. MOVEMENf IN FUNDS. GROU? PBIOR YEAR Ai TraTE5f￿9 b¢twe¢n 31 December 2023 UNBESTRICTED FUNDS General fuDd DESIGNATED FUNDS Capital BuildRe5erve I,W,574 1.597,791 (1.339,338) 1249,027 374,830 374,830 2J65.404 1.597.791 (1,339.338) 2,623,857 RESTRICTED FUNDS 34.315 6.598 (II207) (12,207) 28,706 34.315 6.598 28,706 TOTAL FUNDS 1399.719 1.604J89 (1,351.545) 2.652,563 OTHER FUNDS These we mll donated for restricted PUryM)W. 22. RELATED PARTY TRANSACIIONS. GROUP AND CHARtTY Mrs P Kidller was a of the key Lnanagement personnel of Secret World WÈldlife Rescue duTing the y￿r end￿ 31 DecunbeT 2024. MrD Kithiff is tb¢ SPDuse of Mrs P Kith)eT. Th¢ Charityrents premis&s from ￿D, Mrs P and Mr S Kiduer. RenL8 ate ￿la ot a wDM¢r¢j￿ rate alld amountsd to £Nil (2023.. £2,800) for 2024 this included additional spatr5 for patking alldT(KMll fDr auimal care w0￿¢T5. Mr S Kither, 50n of.UT D and Mr5 P Kither. is employ￿1 OD a wual b&8is. by tbe Charity to ￿lfil variow lasks, includ&ng IT, animal carc and facilÉti¢s work. li15 pay ts b&5ed on the bouts worked at the matkct rate. Mr D Kidner Is also paid * the mArketrate for groull(ts rnainteD8Dce 5¢rvices ea¢h year. A total of £8￿ donated by Tr￿teeS to the Charity duriDg th¢ yw (2023: £840). The ￿0￿P controls the wholly owned sub5iiliary. Secret WoAd Lxmited arnd two uJ]incorporated Ch￿itable tTh￿ts, Bluebell Sett and The Bluebell Sett Charitable TDJSL SECRET WORLD WILDLIFE RESCUE PAGE37 NOTES TO THE FINANCIAL STATEMBNTS FOR THE YEAR ENDED 31 DECEMBER 2024 23. RECONCtLIATtON OF INCOMING RESOURCES TO NEf CASH FLOW FROM OPERATING ACTIvrriES Totyi Fun(ts 2024 2023 Net incomal{expeDditure) forthe repoEting p￿1[Al (a5 per the Slateme￿t of Financial Activities) AdjustmeDts for.. Depreciation 2nd 8moTtisation (IncreaseyDecTease ill stocks (IncreaseyDecrea5e debtors Increasel(Decrea5¢) in creditors {291432) 252,844 79,436 98,850 (1,371) (8,056) 2,582 (121,819) 3,261 8,046 Ne¢ c&8h provid&1 by/lused in) operdtiog activitics (118,524) 229,865 24. FRC EfHtCAL STANDARD- PROVISION3 AVAILABLE FOR SMALL ENnTt&8 rn￿Y other businesses of our siz£ al￿ Dature ￿ u5¢ our auditors to prepare and 3uknnitrelurns to the t&¥ authorities and &ssist with the preparatiort of the financial ststewits.