cw REGISTERED COMPANY NUMBER: 05322294 {En8land and Wales) REGISTERED CHARITY NUMBER: 1108166 Report of the Tru5tee5 and Unaudlted Flnanclal Statements for the Year Ended 31 December 2023 for Shropshlre Ornltholoilcal Soclety 2005 WR Partners Chartered Accountants Belmont House Shrew5bury Business Park Shrewsbury Shropshire SY2 6LG
Shrop5hire Ornithological Society 2005 Contents of the Financlal Statements for the year ended 31 December 2023 Page Report of the Trustees Indep¢ndent Examlner's Report Statement of Financial Activities Balance Sheet Notes to the Flnanclal Statement$ 8 to 13
Shropshlre Ornithological Society 2)5 (Registered number: 05322294) Report ol the Trustees for the year ended 31 December 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. 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 IFRS 1021 (effective l January 20191. OBJECTIVES AND ACTIVITIES Objerti¥es and aim5 To encourage the study and protettion of birds in Shropshire and co-operate in such matters wsth national and local bodles, education authorities and others. Publlc beneflt The Company is active in the advancement of.. a. Heritage and environmental protection b. Environmental improvement c. Animal welfare d. Education in connection with the above matters FINANCIAL REVIEW Investment pollcy and oblectlves The Investment Policy is to invest in funds maintained as available to charities Icharities Official Investment Funds . COIFI. The Funds are administered bl the CCLA (Churches. Charities and Local Authoritlesl Funds. ReseThes pollcy The General Reserve will.. Cover any short term deficit in the operation of the Company b. Relain funds appropriate to support future educational activities and Initiatives c. Retaln funds to support the Conservation Fund in carrying out future prolects and land acqulsltion The Conservation Fund will.. Cover any short term deficlt in the conservation projects carried out by the Companv b. Accumulate funds to enable the Company to develop its existing land holdings c. Accumulate funds to enable the Company to acquire and develop additional land holdin8S STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docurnent The charity is controlled by its governing document. a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2C(J6. Rlsk management The Directors of the Company, who are also the Charity's Trustees. have a duty to identify and review the risks to which the company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. REFERENCE AND ADMINISTRATIVE DAll$ Registered Cornpjny number 05322294 IEngland and Wales) Page I
Shropshire Ornlthological Society 25 (Registered number: 05322294) Report of the Trustees for the year ended 31 December 2023 Re8lstered Charlty number 1108166 Reglstered office l Bank Drive Dorrington Shrewsbury Shrop5hire SY5 7JH Truslees John Arnfield Miriam Elliot-smith Chairman Company secretary Susan Brealev Tim Devannev Helen Griffiths Claire Mulvey Jean Rlckard Graham Walker Christopher Whlttles appolnted 16.10.23 Jame5 Almond Ann Andrews Brian Andrews resl8ned 03.08.24 resigned 05.04.23 resigned 09.10.23 Company Secretary Ms M C Elliot.Smith Independent Examiner H Pierce FCA WR Partners Chartered Accountants Belmont House Shrewsbury Buslness Park Shrewsbury Shropshire SY2 6LG Banker5 CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Approved by order of the board of trustees on 26 September 2024 and signed on its behalf by: Pa8e 2
Shropshire Ornithological Society 2005 (Registered number: 05322294) Report of the Trustees for the year ended 31 December 2023 J Arnfield Trustee Page 3
Independent Examiner's Report to the Trustees of Shropshlre Omltholo8ical Society 21)05 Independent examiner's report to the trustees of Shropshire Ornithological Society 2(105 {'the Companv'l I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Re5ponslbllltles and basis of report As the charity'5 trustees of the Company land also its directors for the purposes of company lawl you are re5pon5ible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2W6 Act'l. Havin8 satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 20111'the 2011 Act'l. In carry5ng out my examination I have followed the Directions 8iven by the Charity Commission Under Section 145151 Ibl of the 2011 Art. Independent exarnlner'5 Statement I have completed my examination. I confirm thot no matters have come to my attention in connection wlth the examination 8ivSn8 me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts 8ive a true and fair vlew which Is not a matter consSdered as part of an Independent examlnatlon,. or the accounts have not been prepared in accordance with the method5 and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparin8 their accounts in accordance with the Financlal Reportin8 Standard appllcable In the UK and Republic of Ireland IFRS 10211. I have no concerns and have come acr0$5 no other matters In connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. H Pierce FCA WR Partners Chartered Accountants Belmont House Shrewsbury Bu5ine55 Park Shrewsbury Shropshlre SY2 6LG 26 September 2024 Page 4
Shrop5hire Ornithological Society 2005 Statement of Financial Actlvitles for the year ended 310ecember 2023 2023 Unrestricted funds 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 26,600 32,821 Investment income 14,544 4,446 Total 41,144 37,267 EXPENDITURE ON CharStable actlvltSes General fund Conservaiion 14,243 4,788 18,948 5,783 Other 420 420 Total 19,451 25,151 Net gainslllossesl on investments 22,514 119,8311 NET INCOME/(EXPENDITURE) 44,207 17,7151 RECONCILIATION OF FUNDS Total funds brou8ht forward 413,906 421,621 TOTAL FUNDS CARRIED FORWARD 458,113 413,906 The note5 form part of these financial statements Paqp .5
Shropshire Ornithological Society 2005 (Rezistered number: 053222941 Balante Sheet 31 December 2023 2023 Unrestricted fund5 2022 Total funds Notes FIXEO ASSETS Investments 218,784 196,270 CURRENT ASSETS Debtors Cash at bank and in hand 5,181 248,422 4,860 225,838 253,603 230,698 CREOITORS Amounts falllng due wlthln one year 114,2741 113.0621 NET CVRRENT ASSETS 239,329 217,636 TOTAL ASSETS LESS CURRENT IIA8ILITIES- 458,113 413,906 NET ASSETS 458,113 413,906 FUNDS Unrestricted funds 458,113 413,906 TOTAL FUNDS 458,113 413,906 The charltable company Is entltled to exemptlon from audtt under Sectlon 477 of the Companles Act 2006 for the year ended 31 December 2023. The members have not requlred the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the charitable company keep5 accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and Ibl preparin8 financial statements which 8ive a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financlal year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the reqvirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Pagp 6 r.nntiniipd...
Shropshire Omithological Society 21x15 (Registered number: 05322294) Balance Sheet- contlnued 31 December 2023 These financial statements have been prepared in accordance with the provisions appllcable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 26 September 2024 and were signed on its behalf by= J Arnfield Trustee The notes fom) part of these financial statements P3Ep. 7
Shropshire Ornitholozical Society 21K)5 Notes to the Financial Statements for the year ended 31 December 2023 ACCOUNTING POLICIES Basls of preparlng the flnancial 5tstemeDts The financial statements of the charitable company, whlch is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accountin8 and Reporting by Charities= 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 IFRS 1021 leffective l January 20191,, Finantial Reportin8 Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companie5 Acl*2006. The financial 5tatementS have been prepared under the historical tost convention, with the exception of investments which are included at market value, a5 modified by the revaluation of certain assets. Income All income 15 reco8ni5ed in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be ceiVed and the amount can be measured reliably. Expendllure Liabilities are recognised as expenditure as soon as there Is a legal or constructive obllgatlon committing the charity to that expenditure, it is probable that a transfer of economic benefits w511 be required In settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basi> and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headin8S they have been allocated to activitie5 on a basis consistent with the use of resour5. Taxatlon The charlty15 exempt from corporatlon tax on its charltable actlvltles. Fund accountln8 Unrestricted funds can be used in accordance with the charitable objectives at the dlscretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Flnanclal Instruments The company has financial asset5 and financial liabilities of a kind that qualify as basic financial Snstruments. Basic financial assets, including trade other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss. Financial assets are derecognised when lal a contractual rights to the cash flows from the asset expire or are settled, or Ibl substantially all the risks and rewards or control of the ownership of the a55et are transferred to another party. Page 8 continued...
Shropshire Ornithological Society 2005 Notes to the Flnanclal Statements- continued for the year ended 31 Decernber 2023 ACCOUNTING POLiaES- contlnued Financial instruments Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost. Financial liabilities are defecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. INVESTMENT INCOME 2023 2022 Interest and dividends 14,544 4,446 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remun¢ration or other benefit5 for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees. expenses There were no trustees. expeoses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. COMPARATIVES FOR ThE STATEMENT OF FINANCIAL ACYIVITIES Unrestricte funds INCOME AND ENDOWMENTS FROM Donations and legacies 32,821 Investment income 4,446 Total 37,267 EXPENDITURE ON Charltable artlvltles General fund Conservation 18,948 5,783 Other 420 Total 25,151 Net gains/llossesl on investments 119,8311 NET INCOMEIIEXPENDITURE) 17,7151 Page 9 continued...
Shropshire Ornithological Society 2005 Notes to the Financial Statements - continued for the year ended 31 December 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnviTIES- contlnued Unrestricte fund5 RECONCILIATION OF FUNDS Total funds brought forward 421,621 TOTAL FUNDS CARRIED FORWARD 413.906 FIXED ASSET INVESTMENTS Listed investment MARKET VALUE Al I january 2023 Revaluatlons 196,270 22,514 At 31 December 2023 218,784 NET BOOK VALUE At 31 December 2023 218,784 At 31 December 2022 196,270 There were no Investment assets outslde the UK. Cost or valuation at 31 December 2023 is represented by: Listed investment Valuatlon In 2022 Valuation in 2023 C05t 13,7301 22,514 zoo,000 218,784 Page 10 continued...
Shropshire Ornithological Society 2005 Note5 to the Financial Statements- contlnued for the year ended 31 December 2023 DEBTORS: AMOUNTS FALiING DUE WITHIN ONE YEAR 2023 2022 Trade debtors Other debtor5 Prepayments and accrued income 130 4,730 321 130 4,730 5,181 4,860 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade creditors Subscriptions in advance Accruals and deferred income 7.000 852 6,422 7,000 852 5,210 14,274 13,062 MOVEMENT IN FUNDS Net movement in funds At 31.12.23 At 1.1.23 Unre5trlcted fvnds General fund Desi8nated fund for conservation purposes 67,012 36,410 103,422 346.894 7,797 354,691 413,906 44.207 458,113 TOTAL FUNDS 413,906 44.207 458,113 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses in funds Unrestricted funds General fund Designated fund for conservation purposes 28.559 114,6631 22,514 36,410 12.585 14.7881 7.797 41.144 119.4511 22,514 44,207 TOTAL FUNDS 41,144 119,4511 22,514 44,207 Page 11 continued...
Shropshlre Orntthological Society 21)05 Notes to the Financial Statements- continued for the year ended 31 December 2023 MOVEMENT IN FUNDS- contlnued Comparatlves for movement in funds Net movement in funds At 31.12.22 At 1.1.22 Unrestr5cted fvnds General fund Designated fund for conservation purposes 75,151 18,1391 67,012 346,470 424 346,894 421,621 17,71SI 413,906 TOTAL FUNDS 421.621 17,715) 413,906 Comparative net movement in funds, Included in the above are as follows.. Incoming resources Resovrces expended Gains and Movement losses In funds Unrestrlcted fvnds General fund Designated fund for conservation purposes 14.764 119.3681 13,5351 18,1391 22,503 15,7831 116,2961 424 37.267 12S.1S11 119.8311 17.7151 TOTAL FUNOS 37,267 125,1511 119,8311 17,7151 A cyrrent year 12 month5 and prior year 12 months combined posttion 15 a5 follow5: Net movement In funds At. 31.12.23 At 1.1.22 Unrestrirted funds General fund Designated fund for conservation purposes 75.151 28,271 103.422 346,470 8,221 354,691 421.621 36.492 458.113 TOTAL FUNDS 421.621 36.492 458,113 Page 12 continued...
Shropshire Ornithological Society 21K)5 Note5 to the Financial 5tatements- continued for the year ended 31 December 2023 MOVEMENT IN FUNDS- contlnued Comparatlves for movement in funds Net movement in fLtnds At 31.12.22 At 1.1.22 Unrestr5¢ted fvnds General fund Designated fund for conservation purposes 75,151 18,1391 67,012 346,470 424 346,894 421,621 17,7151 413,906 TOTAL FUNDS 421.621 17,7151 413,906 Comparative net movement in funds, Included in the above are as follows.. Incoming resources Resources expended Gains and Movement losses In funds Unrestrlrted fvnds General fund Designated fund for conservation purposes 14.764 119.3681 13,5351 18,1391 22,503 15,7831 116,2961 424 37.267 12S.1S11 119.8311 17,7151 TOTAL FUNOS 37,267 125,1511 119,8311 17,7151 A current year 12 month5 and prior year 12 months combined posttion 15 as follow5: Net movement In funds At. 31.12.23 At 1.1.22 Unrestrirted funds General fLtnd Designated fund for conservation purposes 75,151 28,271 103,422 346,470 8,221 354,691 421.621 36.492 458.113 TOTAL FUNDS 421,621 36,492 458,113 Page 12 continued...
Shrop5hire Ornithological Society 2005 Notes to the Financial Statements - contlnued for the year ended 31 December 2023 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows: Incoming resources Resources expended Gains and Movement losses in fund5 Unrestflcted funds General fund Desi8nated fund for conservation purposes 43,323 134.0311 18,979 28,271 35,088 110.5711 116,2961 8,221 78.411 144,6021 2.683 36,492 TOTAL FUNDS 78,411 144,6021 2,683 36,492 RELATED PARTh DISCLOSURES There were no related party traosactions for the year ended 31 December 2023, 10. COMPANY LIMITED BY GUARANTEE The Company is a company limited by 8uarantee, and does not therefore have a Share Capital. The members each undertake to subscribe £1. in the event of the Company becoming Insolvent on wlndlng up. 11. DIRECTORS, INDEMNITY The company has entered into an Indemnlty Insurance at a C05t of £279 12022 £3561 to cover Ilabilities incurred by the Directors in the conduct of the Company's affairs. Page 13