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REGISTERED COMPANY NUMBER: 05322294 (England and Wales) REGISTERED CHARITY NUMBER: 1108166 .
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Report of the Trustees and
Unaudited Financial Statements
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for the Year Ended 31 December 2024
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for
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Shropshire Ornithological Society 2005
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WR Partners 5
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Chartered Accountants Belmont House Shrewsbury Business Park a Shrewsbury Shropshire SY2 6LG
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Shropshire Ornithological Society 2005
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| Contents ofthe Financial | Statements | ||||||||||
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| forthe yearended 31 December2024 | |||||||||||
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| Report oftheTrustees | 1 | to | 3 | i | |||||||
| , | Independent Examiner's Report | , | 4 | ||||||||
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| Statement of Financial Activities | a) | ||||||||||
| BalanceSheet | 6 | to | 7 | ||||||||
| Notes tothe Financial Statements | 8 | to | 13 | ||||||||
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| . | DetailedStatementofFinancialActivities | 1 | , |
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Shropshire Ornithological Society 2005
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Report of the Trustees for the year ended 31 December 2024
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 2024. 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To encourage the study and protection of birds in Shropshire and co-operate in such matters with national and local bodies, education authorities and others.
One of the main objectives of the society is to expand its Venus Pool Nature Reserve through land acquisition, including through land purchase, and the cash reserves are maintained and prioritised for this purpose.
Public benefit
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 policy and objectives
The Investment Policy is to invest in funds maintained as available to charities (Charities Official Investment Funds - COIF).
The Funds are administered by the CCLA (Churches, Charities and Local Authorities) Funds.
Reserves policy
The General Reserve will:
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a. Cover any short term deficit in the operation of the Company
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b. Retain funds appropriate to support future educational activities and initiatives
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c. Retain funds to support the Conservation Fund in carrying out future projects and land acquisition
The Conservation Fund will:
a. Cover any short term deficit in the conservation projects carried out by the Company
b. Accumulate funds to enable the Company to develop its existing land holdings
- ¢. Accumulate funds to enable the Company to acquire and develop additional land holdings
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STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
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 2006.
Risk 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.
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Shropshire Ornithological Society 2005
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Report of the Trustees for the year ended 31 December 2024
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 05322294 (England and Wales)
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Registered Charity number 1108166 Registered office 1 Bank Drive : Dorrington Shrewsbury Shropshire SY5 7JH ; . Trustees Graham Walker Chairman Miriam Elliot-Smith Company secretary
Trustees
John Arnfield Susan Brealey Tim Devanney Helen Griffiths Claire Mulvey Jean Rickard Christopher Whittles
Susan Brealey ; Tim Devanney Helen Griffiths Claire Mulvey _ Jean Rickard Christopher Whittles James Almond resigned 03.08.24 , Company Secretary . Ms M C Elliot-Smith Independent Examiner : H Pierce FCA , WR Partners : Chartered Accountants Belmont House Shrewsbury Business Park . "Shrewsbury . , Shropshire SY2 6LG : Bankers CAF Bank . 25 Kings Hill Avenue . Kings Hill - West Malling . - : Kent ME194JQ ‘ .
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Shropshire Ornithological Society 2005
Report of the Trustees _ for the year ended 31 December 2024
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Approved by order of the board of trustees on 11 April 2025 and signed on its behalf by:
G J Walker - Trustee
Independent Examiner's Report to the Trustees of Shropshire Ornithological Society 2005
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Independent examiner's report to the trustees of Shropshire Ornithological Society 2005 (‘the Company’) | report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act').
Having 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, | report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act'). In carrying out my examination | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement | have completed my examination. | confirm that no matters have come to my attention in connection with
the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the ~ Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
| have no concerns and have come across 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.
HR
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_H Pierce FCA
WR Partners
Chartered Accountants Belmont House
Shrewsbury Business Park
Shrewsbury Shropshire SY2 6LG
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11 April 2025
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Shropshire Ornithological Society 2005
Statement of Financial Activities
_ for the year ended 31 December 2024
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|2024|2023|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|©|13,319|26,600|
|Investment|income|2|16,198|14,544|.|
|Total|29,517|41,144|
|EXPENDITURE ON|
|Charitable|activities|
|General|fund|20,442|14,243|
|Conservation|10,635|4,788|
|Other|216|420|
|Total|31,293|19,451.|
|Net|gains|on|investments|8,689|22,514|
|NET INCOME|6,913|44,207|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|458,113|413,906|
|TOTAL FUNDS|CARRIED FORWARD|465,026|458,113|
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The notes form part of these financial statements
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Shropshire Ornithological Society 2005
Balance Sheet
31 December 2024
| 2024 | 2023 | |||
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| Unrestricted | Total | |||
| funds | funds | |||
| Notes | £ | £ | ||
| FIXED ASSETS | ||||
| Investments | 5 | 227,473 | 218,784 | |
| CURRENT ASSETS | ; | |||
| Debtors | 6 | 336 | 5,181 | |
| Cash at bank | 245,633 | 248,422 | ||
| 245,969 | 253,603 | |||
| CREDITORS | ||||
| Amounts falling due within one year | 7 | (8,416) | (14,274) | |
| NETCURRENTASSETS | 237,553 | 239,329 | ||
| TOTALASSETS LESS CURRENT LIABILITIES | 465,026 | 458,113 | ||
| NETASSETS | 465,026 | 458,113 | ||
| FUNDS | 8 | |||
| Unrestricted funds | 465,026 | 458,113 | ||
| TOTALFUNDS | 465,026 | 458,113 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give 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 financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements 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
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Shropshire Ornithological Society 2005
Balance Sheet - continued 31 December 2024 .
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These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
- The financial statements were approved by the Board of Trustees and authorised for issue on 11 April 2025 and were signed on its behalf by:
GT Walh—
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G J Walker - Trustee
The notes form part of these financial statements
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Shropshire Ornithological Society 2005
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Notes to the Financial Statements
for the year ended 31 December 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
* Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion 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.
Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
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 (a) a contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.
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Shropshire Ornithological Society 2005
Notes to the Financial Statements - continued
for the year ended 31 December 2024
1. ACCOUNTING POLICIES - continued
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 derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
2. INVESTMENT INCOME
| 2024 | 2023 | |||
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| £ | £ | |||
| Interest | and | dividends | 16,198 | 14,544 |
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees’ expenses
There were no_ trustees' expenses paid for the year ended 31 December 2024 nor for the ended 31 December 2023.
year
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| : | Unrestricted | |||||
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| funds | ||||||
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| INCOMEAND ENDOWMENTS | FROM | |||||
| Donations and legacies | 26,600 | |||||
| Investment income | ‘ | 14,544 | ||||
| Total | 41,144 | |||||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| General fund | 14,243 | |||||
| Conservation | : | 4,788 | ||||
| Other | ) | 420 | ||||
| Total | 19,451 | |||||
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| Netgainsoninvestments | 22,514 |
NET INCOME
44,207
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Shropshire Ornithological Society 2005
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Notes to the Financial Statements - continued for the year ended 31 December 2024
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4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
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|Unrestricted|
|funds|
|£|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|~|413,906|
|TOTAL|FUNDS|CARRIED|FORWARD|458,113|
|5.|FIXED|ASSET|INVESTMENTS|
|Listed|
|investments|
|£|
|MARKET VALUE|
|At|1|January|2024|218,784|
|Revaluations|8,689|
|At|31|December|2024|227,473|
|NET BOOK VALUE|
|At|31|December|2024|227,473.|
|At|31|December|2023|218,784|
|There|were|no|investment|assets|outside|the|UK.|
|Cost|or valuation|at|31|December|2024|is|represented|by:|
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|Listed|
|investments|
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|Valuation|in|2022|(3,730)|
|Valuation|in|2023|22,514|
|Valuation|in|2024|8,689|
|Cost|.|200,000|
|"227,473|
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Shropshire Ornithological Society 2005
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Notes to the Financial Statements - continued
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for the year ended 31 December 2024
6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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|2024|2023|
|£|£|
|Trade|debtors|-|130|
|Other|debtors|-|4,730|
|Prepayments|and|accrued|income|336|321|
|336|5,181|||
|7.|CREDITORS:|AMOUNTS|FALLING|DUE WITHIN|ONE YEAR|
|2024|~=——-2023|
|£|£|
|Trade|creditors|7,000|7,000|
|Subscriptions|in|advance|-|852|
|Accruals|and|deferred|income|1,416|6,422|
|8,416|14,274|
|8.|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.1.24|in|funds|31.12.24|
|.|£|£|£|
|Unrestricted|funds|
|General|fund|103,422|4,229|107,651|
|Designated|fund|for|conservation|
|purposes|354,691|2,684|357,375|
|458,113|6,913|465,026|
|TOTAL|FUNDS|458,113|6,913|465,026|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
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|Incoming|Resources|Gainsand|Movement|
|resources|~|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|16,198|(20,658)|8,689|4,229|
|Designated|fund|for|conservation|
|purposes|13,319|(10,635)|-|2,684|
|29,517|.|(31,293)|8,689|6,913|
|TOTAL FUNDS|29,517|(31,293)|8,689|6,913|
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Shropshire Ornithological Society 2005
- MOVEMENT IN FUNDS - continued
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Notes to the Financial Statements - continued for the year ended 31 December 2024
Comparatives for movement in funds
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|Net|
|:|At|1.1.23|movementin|funds|31.12.23At|
|£|£|£|;|
|Unrestricted|funds|
|General|fund|67,012|36,410|103,422|
|Designated|fund|for|conservation|
|purposes|346,894|7,797|354,691|
|413,906|44,207|458,113|
|TOTAL FUNDS|413,906|44,207|458,113|
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Comparative net movement in funds, included in the above are as follows:
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|Incoming|Resources|Gainsand|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|*|General|fund|28,559|(14,663)|22,514|36,410|
|Designated|fund|for|conservation|
|purposes|12,585|(4,788)|-|7,797|
|41,144|(19,451)|22,514|44,207|
|TOTAL|FUNDS|41,144|(19,451)|22,514|44,207|
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A current year 12 months and prior year 12 months combined position is as follows:
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|Net|
|movement|At|
|At|1.1.23|in|funds|31.12.24|
|OO|€|£|£|
|Unrestricted|funds|
|General|fund|67,012|40,639|107,651|
|Designated|fund|for|conservation|
|purposes|346,894|10,481|357,375|
|:|—|413,906|51,120|465,026|
|TOTAL|FUNDS|413,906|51,120|465,026|
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Shropshire Ornithological Society 2005
Notes to the Financial Statements - continued
for the year ended 31 December 2024
8. 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:
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|Incoming|Resources|Gainsand|Movement|
|7|resources|expended|losses|in|funds|
|£|£|£|£|;|
|Unrestricted|funds|
|General|fund|44,757|(35,321)|31,203|40,639|
|Designated|fund|for|conservation|
|purposes|25,904|(15,423)|-|10,481|
|70,661|(50,744)|31,203|51,120|
|TOTAL FUNDS|70,661|(50,744)|31,203|51,120|
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9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
10. COMPANY LIMITED BY GUARANTEE
“The Company is a company limited by guarantee, and does not therefore have a Share Capital. The members each undertake to subscribe £1.00 in the event of the Company becoming insolvent on a winding up.
11. DIRECTORS' INDEMNITY
The company has entered into an Indemnity Insurance at a cost of £452 (2023 £279) to cover liabilities incurred by the Directors in the conduct of the Company's affairs.
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Shropshire Ornithological Society 2005
Detailed Statement of Financial Activities for the year ended 31 December 2024
| 2024 | 2023 | |
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| £ | £ | |
| INCOMEAND ENDOWMENTS | ||
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| Donationsand legacies | ||
| Donations | 12,467 | 12,350 |
| Subscriptions 7 |
852 | 14,250 |
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13,319 | 26,600 |
| Investment income | ||
| Interest‘and dividends | 16,198 | 14,544 |
| Total incoming resources | 29,517 | 41,144 |
| EXPENDITURE | ||
| Charitable activities | ||
| Stationery and postage | 5,541 | 3,855 |
| Meeting expenses | 1,056 | 1,380 |
| Computer | 915 | 181 |
| Insurance | 756 | 504 |
| Donations and subscriptions | 4,600 | 1,250 |
| Bird report | 5,253 | 5,219 |
| Sundries | 614 | 171 |
| Conservation expenditure projects | 480 | 475 |
| Conservation expenditure maintenance | 11,012 | 4,796 |
| Correction to old balances | (350) | - |
| 29,877 | 17,831 | |
| Support costs | ||
| Governance costs | ||
| Accountancyfees | 1,416 | 1,620 |
| Total resources expended | 31,293 | 19,451 |
| "Net(expenditure)/income | (1,776) | 21,693 |
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This page does not form part of the statutory financial statements
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