COMPANY REGISTRATION NUMBER 05296745 WORLD OWL TRUST FINANCIAL STATEMENTS 31 MARCH 2024 Charity Number 1107529 SAINT & CO Chartered Accountants 12/13 Church Street Whitehaven Cumbria CA28 7AY
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 CONTENTS PAGE Trustees Annual Report Independent Examinerfs Report Statement of Financial Activities (incorporating the Income and Expenditure account) Balance sheet Notes to the financial statements 10
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 The Trustees, who are also directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024. CHAIRMAN'S REPORT My second year as chair has felt like the World Owl Trust has gained momentum again, after securing Ihe Newton Rigg site from a choice of 5 sites last year Richard and Jacinta have worked tirelessly in between solicitors, accountants and communicating to trustees every step of the way on the stages to Set up a lease with the landowners. This has been no easy task with details of who will be responsible for maintenance. rates, securing break clauses in the contract. I have nothing but admiration for Richard and his team of trustees, drive to keep the momentum. The building still needs work such as painting. The wooded area we are looking at for aviaries etc will need a considerable effort to make it ready forvisitors, clearing undergrowth, building aviaries etc. Wp. are still talking of the le8endary WOT volunteers and hope we can persuade some of them to pick up their gloves and rakes in the coming months. Now is the time to take action to build a legacy for today and the future of Owl Conservation. WOT has always been available for advicp nn nest boxes and habitat development all year in- between battling with high winds and the destruction to several aviaries this caused. Thanks to all the donations and volunteers that helped rescue the aviaries over these testing months and for reporting and bringing injured owls to Whiteacres. The WOT continues with our international network taking enquiries and committing to support the World Owl Conference. Those of us that have read Trystan's report and feel inspired from his amazing account of the work being done internationally give us hope for future collaborations and support for Owl Conservation. The World Owl Trust is a membership organisation, I need to take the time to thank everyone that has been involved in the charity over the year. Most importantly I must thank all our members for their long-term, loyal support even with the lack of a centre to visit for another year. Without you all we wouldn't be here now and without the dinazingly generous legacies, donations and subscriptions we have received we wouldn't be in a position to start developing the World Owl Centre. Our dedicated admin team Jen, Joy and Wendy who work in the office at Bootle, we couldn't manage without them. Wendy we are sorry to hear of your resignation a5 Admin assistant and wish you all the best for the future. Elaine we are also sorry to hear of your resignation as trustee, due to your heavy workload, your advice has been invaluable. good luck with your new job. Wendy Chilton has retired from her role in the office. we thank her for all her hard work over the years and wish her well. Her leaving has created a gap which needs filled, the plan short term as a Cost saving measure is for Richard and Jacinta to travel over to ease the workload on Jen and Joy who are as always persevering in the meantime. Rachel - thanks for all your work and enthusiasm as a trustee we wish you all the best for the future. We also couldn't manage without Richard and Jacinta Cooper who have housed and cared for a lot of the owl collection at their home and done so much work to find a new site for us, rescue Owls and do all those jobs that often go unnoticed. Finally, I must thank all my fellow trustees who give up their time for weekend meetings, to read reports, write articles and support the charity with their generosity and skills. l am always conscious that they have fulltime jobs. families. many other commitments and demands on their time so I take my hat off to them and their devotion to the Charity's success and growth.
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 I play a small part in having the overview of what is happening within the charity, and l am hoping in the coming years I can offer more of my skillsets in marketing, visitor welcome, volunteer management, buildings maintenance, biological surveying to name a few skills. There are so many potential volunteers still out there I know with a dedicated base at Penrith we can really put The World Owl Trust back on the map for supporter5. new visitors, schools, locals, tourists to enjoy. Laura Hull Chair OBJEcfivES AND ACTIVITIES The charity's objectives are the conservation and protection of wildlife. in particular ow15 6nd their habitat, the education of the public regarding owls and the relief of sick and injured wildlife, in particular owls. The policies adopted in furtherance nf these objectives are running conservation programmes in the UK and overseas and the breeding, display, welfare and promotion of owls at the World Owl Centre and other venues. There has been no change in these during the period. The Trust relies on a dedicated team of volunteers. We are grateful for their help at the Centre assisting the Keeping Staff, in the Office and also in the field. Volunteers have many skills to offer and these are invaluable to the Trust from the preparation of our annual accounts and website hosting, to fundraising at events and nest box building. The Trust thanks all volunteers for their tireless work and commitment. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objective5 and in planning our future activities. In particular Trustees consider our planned activities will contribute to the aims and objectives they have set. ACHIEVEMENTS AND PERFORMANCE With Avian Flu declining in bird populations this year it has been easier to take in injured and sick owls. Around Christmas we had a sudden influx of Barn Owls found starving, a sad foreboding for the coming season it turns out. Conveniently Richard and Jacinta had just attended a CPD training session on the Management and First Aid of Birds of Prey, held at the National Centre for Birds of Prey hosted by Charlie Heap with lectures from Battleflatts Veterinary Practice, (Avian specialists) there we several excellent workshops including tube feeding which was a nice rp.fresher for dealing with emaciated rescued Owls. It was an excellent course and while there is always a lot of going over old ground there is always that little nugget of new information that makes it worthwhile. As well as up to date information and new research. They had some excellent First Aid Kits for sale, donated by Battleflatts with all the proceeds going to Vulture conservation. Both Jacinta and Richard attended a Course for Press releases and marketing in March, run by Chesworth Press Agency, owner Karen Chesworth has offered to support us with media work as we start to develop the new Centre and need to send out media updates and information. In May through Trystan at Scottish Owl Centre and in partnership with Silverband Falconry we were involved in rehoming Birds from a rescue case carried out by the SSPCA. The Birds came in two waves, some in shocking condition that will take two years to recover fully and recover their full glory
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 and feather condition. There is Still an ongoing legal case but once this is resolved we will talk more about it. While we showed some members round the planned site at Newton Rigg last year negotiations have unfortunately dragged on for the new Centre, with both Solicitors blaming each other for continued delays, however we are nearly there. A survey was completed in record time by Kingmoor Consulting from Carlisle at a very discounted rate with the site visit carried out one day and the report being presented the next day. The plan is to have the lease signed in time for the AGM so that Members can come and see our plan5 for the future. FINANCIAL REVIEW The Statement of Financial Activities (incorporating the Income and Expenditure Account) shows a net deficit for the year of £46,21212023 deficit £38,625). Income for the year has decreased by £4.182 to £84,129. Expenditure has increased by £3,405 to £130.341. It IS the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees consider that reserves at this level will ensure that in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. We still currently have reserves considerably in excess of this policy as we work to develop a new World Owl Centre. PLANS FOR FUTURE PERIODS The work over the next 12 months is going to ramp up considerably. The lease has a 12-month break clause so we can ensure that we get planning permission without being left with unusable premises. From there we can get started with the development, building aviaries, decorating the building and making it suitable for all our needs. While doing this we need to raise our profile in the area. creating a buzz about the upcoming opening and recruiting volunteers and ultimately staff. Invariably the increased public awareness will also lead to predicted increase in rescued birds. Aviaries need to be built. zoo Licencing needs to be arranged, grants and sponsorship packages are all in the wings waiting for a signed lease and work will start on these as soon as we can shout about the new location. There is a phenomenal amount of work to do but excitement is building and a clear vision of what can be achieved has formed. 2 miles from the site is a tourist attraction which receives over 300,000 visitors a year. We aren't aiming for that many but there is great potential.
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered charity name World Owl Trust Charity registration number Company registration number 1107529 05296745 Principal office World Owl Trust Millstones Bootle Millom Cumbria LA19 5TJ Registered office World Owl Trust Millstones Bootle Millom Cumbria LA19 5TJ THE TRUSTEES The Trustees who served the company during the period were as follows: Laura Hull Jacinta Cooper Rachel Miller Mike Fielder Darryl Atkinson Elaine Watson David Brookes Chair Vice Chair Treasurer {resigned 16 April 2024) (resigned 10 June 2024) Chief Executive Officer Richard Cooper Independent Examiners Stiirit & Co Chartered Accountants 12113 Church Street Whitehaven Cumbria CA28 7AY Bankers National Westminster Bank plc 31 Pow Street Workington Cumbria CA14 3WY Solicitors Cartmell Shepherd Viaduct House Carlisle Cumbria CA3 8EZ
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is a Company Limited by Guarantee and is governed by its Memorandum and Articles of Association. It is managed with oversight by the Board of Trustees. The day to day management IS delegated to the Chief Executive. All the Trustees are members of the Company and guarantee to contribute £1 in the event of a winding up. The Trust seeks to maintain a balance of Trustees with the appropriate knowledge and experience. Applications may be received, or the existing Trustees may approach potential applicants and they may be co-opted during the year to attend Trustee meetings and theirappointments will be put before members at the Annual General Meeting. Trustees are encouraged to attend relevant courses to keep up to date with current developments. The Trust works with other COnseation NGO'S and private individuals including the Zoological Genetics Unit of the Royal Zoological Society of Scotland {DNA analysis}; Friends of Nature Nepal- Houston Nature Cenire. Mlnnesota; Natural England; United Utilities. R5P8.' The Conservation Partnership; Global Owl Project; Hawk & Owl Trust- Cumbria Wildlife Trust: Carlisle City Council; Cumbria Tourism; Cumbria Environmental Waste Management: Ministry of Defence; Forestry Commission; Lune Rivers Trust", Denton Woodcraft; Lake District National Park. The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. RESPONSIBILITIES OF THE TRUSTEES The Trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Underthat law thg. Tru.stees have elected to prepare the financial statements in accordance with United Kinsdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law}. The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements. the Trustees are required to: select Sultable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. INDEPENDENT EXAMINERS lan Scott, BA {Honsl FCA DChA, Saint & Co, as Independent Examiner is deemed to be reappointed. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companie5 Act 2006.
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 PAY POLICY FOR SENIOR STAFF The Trustees consider the Board of Trustees and the chief executive as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All Trustees give of their time freely and no Trustee remuneration was paid in the year. Details of Trustee expenses and related party transaction5 are disclosed In note 14 to the accounts. Senior staff are remunerated in accordance with salaries representative of the charities size and sector. Registered office: Signed by order of the Trustees Laura Hull World Owl Trust Millstones Bootle Millom Cumbria LA19 5TJ Trustee Date:
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WORLD OWL TRUST I report on the accounts of the charity for the year ended 31 March 2024 set out on pages 8 to 17. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER The Trustees (who are also the directors of World Owl Trust for the purposes of company lawl are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act} and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: examirie the account5 under section 145 of the 2011 ACT: to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515)Ibl of the 2011 Act; and to state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a 'true and fair view,. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention: 111 which gives me reasonable cause to believe that in any material respect the requirements- to keep accounting records in accordance with section 386 of the Companies Act 2006,. and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2CX)6 and with the methods and principles of the Statement of Recommended Practice-. Accounting and Reporting by Charities have not been met; or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name of principal: Mr. lan Scott BA {Hons} FCA DChA Name of firm: Saint & Co. Relevant professional qualification- Institute of Chartered Accountants in England and Wales Address: 12113 Church Street, Whitehaven, Cumbria. CA28 7AY Date:
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MARCH 2024 Unrestricted Restricted Total Funds Total Funds Funds Funds 2024 2023 Note INCOME AND ENDOWMENTS FROM: Donations and legacies Activities for generating funds Investment income Charitable activities Other income 39,218 39,218 42.461 1.041 1,121 39,305 4,383 3.878 37,202 3.831 3,878 37,202 3.831 TOTAL INCOME AND ENDOWMENTS 84,129 84,129 88,311 EXPENDITURE ON: Generating funds Generating voluntary income Charitable activitie5 (448) {129.893) (448) (447) (129,893) (126.489) IO/ii TOTAL EXPENDITURE (130,341) 1130.341) {126,936) NET INCOME/(EXPENDITURE) Transfer between funds 12 13 (46,212) 146,212) 138,625) NET MOVEMENT IN FUNDS 146,212) (46,212) {38,625) RECONCILIATION OF FUNDS Total funds brought forward 319,526 319.526 358,151 TOTAL FUNDS CARRIED FORWARD 273.314 273,314 319,526 The Statement of Financial Activities includes all gains and losses in the year, and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activitie5. The notes on pages 10 to 17 form part of these financial statements
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 BALANCE SHEET 2024 2024 2023 Note FIXED ASSETS Tangible assets 15 4,770 3,674 4,770 3,674 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 16 17 2.722 3,132 268,158 2,753 2,558 314.184 274,012 (5,468) 319.495 (3,643) CREDITORS: Amounts falling due within one year 18 NET CURRENT ASSErs 268,544 315,852 TOTAL ASSETS LESS CURRENT LIABILITIES 273.314 319,526 NET ASSETS 273.314 319,526 FUNDS Unrestricted income funds 19 273.314 319,526 TOTAL FUNDS 273.314 319.526 For the year ending 31 March 2024 the charity was entitled to exernption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities-. • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime.
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS These financial statements were approved by the members of the committee and are signed on their behalf by: Laura Hull Chair Date: Company Resistration Number: 05296745 The notes on pages 10 to 17 form part of these financial statements 10
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS GENERAL INFORMATION The charity is a private company limited by guarantee, registered with England and Wales and a registered charity in England and Wales. The address of the registered office is Millstone5, Bootle, Millom, Cumbria, LA19 5TJ. STATEMENT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP {FRS 102)} and the Charities Act 2011. ACCOUNTING POLICIES Basis of preparation The financial statements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilitie5 and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling. which is the functional currency of the entity. The charity meets the definition of a public benefit entity under FRSIO2. Dixlosure exemptions The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102: {al Disclosures in respect of each cla55 of Share capital have not been preseiiled. {b) No cash flow statement has been presented for the company. {cl Disclosures in respect of financial instruments have not been presented. {d) No disclosure has been given for the aggregate remuneration of key management personnel. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key source5 of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The directors consider there were no significantjudgements in preparing the financial statements. Key sources of estlmation uncertainty Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The directors consider there are no key sources of estimation uncertainty-
WORLD OWL TRUST FINANCIAL STATEMENT5 YEAR ENDED 31 MARCH 2024 Grants Grants are recognised upon entitlement to receipt and where the amount can be measured with reasonable certainty, unless they relate to specific future expenditure, in which case they are deferred and matched against those future costs. Resources expended Charitable activities includes all costs relating to activities where the primary aim is part of the objects of the Trust along with an apportionment of support Costs including office staff and non specific office overheads. Governance costs include the costs for arranging the general meeting, audit fees and the balance of support costs. All expenditure is accounted for on an accruals basis and includes irrecoverable VAT. Funds Restricted funds represent grants and other income received which the donor has specified should only be expended for specific purposes. Unrestricted funds are all other funds held by the Trust which currently comprises the general fund. Designated funds are unrestricted funds set aside by the Trustees for particular projects. Amortisation Amortisation is calculated so as to write off the cost of an asset. less its estimated residual value. over the useful economic life of that asset. No amortisation is provided on the right to occupy. Fixed assets All fixed assets are initially recorded at cost. Depreciation Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Fixture5 & Fittings 33.33% on a reducing balance basis OWS Collection No depreciation provided on the collection, which is continuously upgraded Stocks Stocks are valued at the lower of cost and net realisable value. VOLUNTARY INCOME Unrestritted Funds Total Funds Total Funds 2024 2023 Donations Legacies 9,316 29,902 9,316 29.902 14,700 27,761 39,218 39.218 42,461 12
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 INCOME FROM ACTIVITIES FOR GENERATING FUNDS Unrestricted Total Funds Funds 2024 Total Funds 2023 Fundraising evenis (Facebook- Strange Times) 1,041 1,041 INVEsfMENT INCOME Unrestrirted Total Funds Funds 2024 Total Funds 2023 Bank interest receivable 3,878 3.878 1,121 INCOME FROM CHARITABLE ACTIVITIES Unrestricted Total Funds Funds 2024 Total Funds 2023 Memberships Owl Adoptions Gift Aid 18.877 11.835 6.490 18,877 11,835 6,490 20,118 12,180 7,007 37.202 37,202 39,305 OTHER INCOME Unrestrirted Total Funds Funds 2024 Total Funds 2023 Sundry Income 3,831 3.831 4,383 EXPENDITURE ON RAISING FUNDS Unrestrirted Totsl Funds Funds 2024 Total Funds 2023 Fundraising Costs 447 13
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 10. EXPENDITURE ON CHARITABLE AcfiviTIES BY FUND TYPE Unrestrirted Total Funds Funds 2024 Total Funds 2023 Owl Centre & General Conservation Support costs Governance costs 4,051 122,654 3,188 4.051 122.654 3.188 3,734 119,644 3,111 129,893 129,893 126.489 11. COSTS OF CHARITABLE AcfiviTIES BY AcfiviTY TYPE Unrestricted Funds Total Funds 2024 Total Funds 2023 Activities undertaken directly Support Costs- Salaries & Wages Support Costs- Premises Costs Support Costs- General Office Governance 4.051 98,639 20.400 5,101 1,702 4,051 98,639 20.400 5,101 1,702 3,734 98,329 18,020 4.706 1,700 129.893 129.893 126,489 12. NET {OUTGOING)/INCOMING RESOURCES FOR THE YEAR This is stated after charging: 2024 2023 Depreciation Independent Examiners Fees Written off assets- Intangible Tangible 799 1.702 985 1,700 13. FUND TRANSFERS There were no designated funds in 2023124 14
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 14. STAFF COSTS AND EMOLUMENTS Total staff costs were as follows: 2024 2023 Wages and salarie5 Social security costs (includes Nl Rebate) Pension contributions 94,230 3.116 3.015 93,493 3,551 2,999 l(M),361 I,043 Particulars of employees: The average number of employee5 during the year was calculated on the basis of full-time equivalents, was as follows- 2024 No 2023 No Owl Centre Administration Conservation Officer No employee received emoluments of more than £60,tMX) during the year {2023 - Nill. No remuneration is paid to Trustees as a matter of course. Expenses of £56 were reimbursed to Trustees during the year. Rachel Miller was reimbursed travel expenses of £56 on l December 2023. (2023: £0). Key Manasement Personnel Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £49,046.12023: £49.323}.
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 15. TANGIBLE FIXED ASSETS Buildings Owl Fixtures & Under Collection Fittings Construrtion Total COST At l April 2023 Additions Disposals 1,850 35,148 275 5.560 1.620 42,558 1,895 At 31 March 2024 1.850 35.423 7,180 44.453 DEPRECIATION At l April 2023 Charge for 23124 34,987 147 3.897 652 38,884 799 At 31 March 2024 35,134 4,549 39,683 NET BOOK VALUE At 31 March 2024 1.850 289 2,631 4,770 At 31 March 2023 1.850 161 1,663 3,674 16. STOCKS 2024 2023 Stock 2,722 2.753 17. DEBTORS 2024 2023 Other debtors Prepayments Accrued income 28 1,692 838 1,038 3,132 2,558 18. CREDITORS: Amounts falling due within one year 2024 2023 Other creditors 3,643
WORLD OWL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 19. UNRESTRICTED INCOME FUNDS Balance at l Apr 2023 Incoming resources Outgoing resources Balance at Transfers 31 Mar 2024 Designated Funds General Funds 319.526 84.129 130,341 273.314 319.526 84,129 130,341 273.314 20. ANALYSIS OF NET ASSETS BEfwEEN FUNDS Net current assets/ (liabilities) Tangible fixed assets Intangible Assets Total Unrestricted Income Funds: Designated Funds General Funds 4,770 268,544 273,314 Total Funds 4,770 268,544 273,314 21. COMPANY LIMITED BY GUARANTEE Every member undertakes. if the company is dissolved while he or she is a member or within 12 months after he or she ceases to be a member, to contribute such sum {not exceeding £1) as may be deemed of him or her towards the payment of the debts and liabilities of the company incurred before he or she ceases to be a member. and of the costs, charges and expenses of winding up, and the adjustment of the rights and of the contributories among themselves.