.-Bumblebee
Conservation
oe) Trust
Bumblebee Conservation Trust
(A Company Limited by Guarantee)
Annual Report and
Financial Statements
For the year ended 31st March 2025
•AEBZ4SFS•
2710912025
COMPANIES HOUSE
#294
Charity registration number: 1115634
Scottish Charity registration number: SC042830
Company registration number: 05618710

' * Bumblebee
) Conservation
t) Trust
Thank you to our supporters
Collaboration is at the core of our vrfork to see 'a V￿r1d where bumblebees are thriving and
valued by everyone,. We cannot do it alone.
This is our opportunity to say a heartfelt 'thank you, to all our members, volunteers, individual
donors, businesses, funders and organisations that so generously supported the charity
financially in 2024-25, including all donors who wish to remain anonymous.
We do not have space to individually narne all donors but would like to acknowledge the
following who provided financial support of £5,000 or more within the financial year.
AMB Charitable Trust
Big Give Green Match Fund
Britford Bridge Trust
Cairngorms Trust
CharMells
CHK Foundation
Clarity Fund
David Earl
Dulverton Trust
Esmee Fairbairn Foundation
Garfield Weston
Glastonbury Festival Events Limited
Golden Acre Foods
Groundwork UK
HDH Wills 1965 Charitable Trust
Helvellyn Foundation
John Swire {1989) Charitabl8 Trust
Johnsons Seeds
Kelly's of Cornwall
Kent County Council
Kusuma Trust
Lennox Hannay Charitable Trust
Loppylugs & Barbara Morrison Charitable Trust
National Lottery Heritage Fund
Natural England
Natural Resources Wales
Nature Networks Fund
Nature Scot
Neal's Yard (Natural Remedies) Limited
Pears Foundation
RWE Renewables UK Swindon Limited
Worshipful Company of Farmers
Wrld Foundation
Much of our successful work is underpinned by the generosity of supporters who have left a
gift in their Will. All gifts, whatever their size, are hugely valuable. We would like to thank our
generous benefactors for these important gifts.

BUMBLEBEE CONSERVATION TRUST
Contents
Page
Legal and Administrative Information
Report of the Trustees
Independent Auditor's Report
15
Ststement of Financial Activities
20
Balance Sheet
21
Statement of Cash FIov¥S
22
Notes to the Financial Statements
23

BUMBLEBEE CONSERVATION TRUST
Legal and Administrative Information
Trustees
Angela Style
David Mclntyre
Blake Gaffney (Resigned 7 November 2024)
Catriona Gardiner
Theresa Dauncey
Hazel Jackson (Resigned 29 April 2025)
Georgia Romeril
Claire Inglis
Grace Deepa Senapathi
Sophie Theen
Sabah Zdanowska
Charity Commission number
1115634
OSCR number
SC042830
Company number
05618710
Principallcorresponden
address
Beta Centre
stirling University Innovation Park
Stirling
FK9 4NF
Registered office
International House
109-111 Fulham Palace Road
London
W6 8JA
Auditor
Buzzacotl Audit LLP
130 Wood Street
London
EC2V 6DL
Bankers
Bank of Scotland plc
7113 Port Street
Stirling
FK8 2EJ
CAF Bank Limited
25 Kings Hill Avenue
West Malling
Kent
ME19 4JQ

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Foreword from the Chair of Trustees
2024 saw the launch of our ambitious new strategy with these five key aims that will drive us
toward our vision of a world where bumblebees are thriving and valued by everyone..
Aim 1- Wo are the UK'S trusted experts on bumblebee populations, ecology
and conservation.
In June there was a landmark moment for our unique citizen science monitoring
project, Beewalk, when the millionth bee was recorded. Use of this incredibly
valuable dataset by others increases the visibility of bumblebees and their value, so
enhancing prospecls for their conservation and ensuring that we can speak up for
them as the UK'S trusted experts.
Alm 2- People and organl8atlons, Includlng pollcy maker8, are Insplred to
champion and take action for bumblebee8.
Thanks to the dedication of our staff, volunteers, partners, and supporters 2024 saw
great progress under this aim. Our outreach project in Walsall 'Bee Inspired. created
a fresh, urban cohort of bumblebee champions, we participated in a co-design
working group which means that farmers in England can participate in bumblebee-
friendly agri-environment schemes and the payment in￿ntiVe for this has been
significantly improved and we empowered local communities through environmental
education, such as the Skills for Bees., Scotland project in the Caingorms, filling data
gaps by training people to Identify and suryey bumblebees with over 1,000 attendees
to our sessions.
Alm 3 - Th•ro Is more. better•connected, hlghquallty habitat for bumblèb¢•8
across our cities, town8 and countryside.
As we approach our 20" anniversary we start to see real results from the groundwork
we have laid through successive projects that form the foundation for success under
this aim. As an example, 2024 saw us check in on Foreness Point. a key area from
our Making a Buzz for the Coast project. 5 years on we are delighted to report that
the management regime inlroduced has been a great success. Since the project
started, the scarce Brown-banded carder bumblebee and Ruderal bumblebee have
been recorded foraging at the site for the first time.
Alm 4 - Our threatened bumblebees are on the road to recovery and no other
bumblebees become threatened.
Long term V￿rk on our Bee Connected project in southeast Kent, V￿rkIng to reverse
the decline of species, received a real boost in September when we re-recorded the
Shrill Carder bumblebee after a 12-year absence. In addition in 2024 other rare
bumblebee species - the Brown-banded and the Ruderal - have been recorded in
new areas where we've helped restore flower-rich habitats across Kent and East
Sussex.

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Alm S- We are an impactful, inclusive, bold and sustalnable organlsatlon.
Like many charities, this year the Trust has needed to navigate a tough financial
climate and has had to look at ways to deliver our aims on a tighter budget. Taking
proactive action will ensure that we are financially robust and sustainable for the long
term.
Our members, donors and funders continue to provide the bedrock for our work, and we are
deeply grateful for their trust and generosity.
Looking ahead, we recognize that the challenges are significant but so is our
determination. The climate and biodiversity crises demand bold action, and we are more
committed than ever to being part of the solution. With a clear vision and a passionate
community behind us, we are ready to continue our work with renewed energy and hope
such as with one of our new projects B.E.E in South-East London discovering, protecting,
and celebrating some of our rarest bumblebees as we make a buu in Bexley, Bromley,
Greenwich, and Lewisham.
Together, vrfe continue to make a difference for bumblebees.
Angela Style
Chair of Trustees

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Objectives and activities
Purpose and aims
The objectives of the Trust are set out in its Articles of Association, being..
To promote, for the benefit of the public, conservation of bumblebees
To advance the education of the public in the conservation, protection and improvement
of the natural environment.
The aims of the Trust. incorporated into a 2024-29 strategic plan, are that..
1. We are the UKS trusted experts on bumblebee p)pulations, ecology and
conservation
2. People and organisations, including policy makers, are inspired to champion and
take action for bumblebees
3. There is more, bigger, better and more joined up habitat for bumblebees in towns,
cities and the countryside
4. Our threatened bumblebees are on the road to recovery and no other bumblebee
species become threatened
5. We are an impactful, inclusive, bold and sustainable organisation
Strategic outcomes have been established to enable the Trust to monitor its performance
against the strategic plan. Delivery against planned outcomes is monitored and evaluated,
and reported at least fvrfice a year.
Ensuring our work delivers our aims and delivers public benefit
The Trust has considered the Charity Commission's and OSCR'S guidance on public benefit
in developing its strategic aims and activities. Strategic outcomes have been developed to
enable the Trust to monitor its performance against the stralegic plan. These are reviewed
each year. Assessment of performance against the strategic outcomes is undertaken ￿lce a
year and reported to the Board of Trustees.
Our work is delivered either through 'core' activities- those deemed fundamental to the
operation of the Trust. and via projects. Core activities include our work in..
Science - undertaking research to further understand bumblebees and their needs to
Ihrive.
Conservation - undertaking activities and research to establish and improve
habitats.
Outreach and education - we provide community engagement, education and
training activities in key areas across the country, through our projects and our
dedicated team of Outreach volunteers, supporting schools and new communities to
get involved Y￿th our vrfork and connect with bumblebees.
Policy and advocacy- we work to influence and inspire policymakers at all levels of
government to make bumblebee and nature-friendly decisions. This involves working
in partnership with networks of like-minded organisations to work effectively lowards
our common goals.
Fundraising - generating funds.
Any projects undertaken by the Trust further the Trust's aims and deliver project outcomes in
at least one of the above themes.

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Our impact
We are the UKS trusted experts on bumblebee populations, ecology and conservation
The Trust's expertise in this area largely comes from our science work, in particular the data
on bumblebee populations derived from Beewalk, our long ierm, national citizen science
project to monitor bumblebee occurrence. The number of active transects (1005) and
Beewalkers {906) both increased to record highs in the 2024 season, much of these
increases were generated from our project Work recruiting and Iraining more volunteers,
especially our Skills for Bees Scotland project in the Cairngorms. This is a targeted project
designed to fill gaps in the bumblebee data picture by funding a dedicated project offI￿r on
the ground to recruit, train and steer citizen scienlists in under-surveyed areas. In addition a
new project, Skills for 8eeWalk, started this year. This project will focus on delivering
Beewalk training (monitoring and bumblebee identification) with goal in increasing the
quantity and quality of bumblebee recording. This will be achieved through more face-to-face
training events and the development of an online training hub with n8w resources for
recorders and Beewalkers.
Overall the 2024 bee season was poor. Despite a good start the wet May and cold June
meant that many species of bumblebee had their worst ever year since monitoring began,
with declines of up to 74fi/0 (Red-tailed bumblebee, Bombus lapidarius) compared with the
ong-term average. Thanks to improvements in the speed and efficiency of data-handling,
verification, cleaning and modelling we were able lo provide real-time updates on how the
bumblebees %vere doing and were thus able to respond rapidly to public concern over the
noticeable absence of bumblebees. This resulted in several media articles and interviews,
including BBC Springwatch, and formed the basis of a successful fundraising appeal.
Our data is shared globally in recognised standard formats and platforms so is freely
available to researchers, statulory bodies and others. In 2024 over 4000 users downloaded
Beewalk records and our dala has been used in 22 scientific papers and to inform multiple
Local Nature Recovery Strategies (England), the Office for National Statistics reports Habitat
Accounts and Extent and Condition of Natural Capital, and the DEFRA wldlife abundance
indicator for monitoring progress towards the targels of the Environment Act 2021. We have
conlinued to collat)orate with many landowners and managers and academic partners to
improve monitoring of bumblebees and facilitate bumblebee research Ihrough Beewalk data
use and other activities, including facilitatinglsupervising seven PhD students at five
universilies and being part of a European wide research project RestPoll to assess the
impacl of landscape scale ecological restoration for pollinators across Europe.
People and organisations, including policy makers, are inspired to champion and take
action for bumblebees
Our volunteers bring valuable skills, local knO￿edge, community connections, and fresh
ideas to Ihe Trust's activities, supporting our work through outreach, conservation action,
data collection, fundraising and more. Through partnership working within communities in
projects such as Connecting the Carmarthenshire Coast, Bee Inspired Walsall and the
development phase of our Buzzing in the East End project in London, we have been able to
bring our message to underserved audiences, further extending our reach and supporting
V￿rk towards our key strategic aims. Lessons learnt from these projects have highlighted the
importance of local partnerships, the need for population research ahead of the Project
beginning and the need to ensure activities and resources are accessible for the
communities we are reaching.

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Education is a vital part of conservation activities and aims to change and shape attitudes
and behaviours rather than simply imparting knowledge. Our education offer is a vital
component of our work to Protect bumblebees. Through successful projects such as the
Bumblebee-friendly Schools Award, we have supported passionate teachers to inspire the
children in their classrooms and begin theirjourney of a life-long passion for nature.
Engagement and support from the wider community surrounding participating schools
demonstrates our impact beyond the formal education sector.
The new strategy emphasises the importance of our policy and advocacy work to influence
legislation, strengthen partnerships and amplify our public voice. We took a significant step
into more public-facing advocacy by participating in a mass-mobilisation event the Restore
Nature Now protest. We used this and supporting communications to showcase our
Bumblebee Manifesto, helping to raise awareness of pollinator conseniation among a WKler
audience and target political parties with information leading up to the general election.
We also attended our first political party conference, the Labour Party, in September to
advocate for bumblebees. With our partners we have contributed to tangible policy outcomes
such as our joint campaigning with the Pesticide Collaboration which has resulted in Ihe new
government's rejection of another emergency derogation for neonicotinoids and the tabling
of new urban pesticide legislation.
Our work with Wildlife and Countryside Link, Scottish Environment Link, Wales Environment
Link and Plantlife has enabled us to Influence the direction of agri-environment support
schemes and push for stronger support and protection for species-rich grasslands. We
continue to host Species Champions in England, Wales and Scotland and to provide them
with the latest evidence to advocate for bumblebees in their respective parliaments.
There is more, bigger, better and more joined up habitat for bumblebees in towns, cities
and the countryside
In order to achieve the greatest impacts for bumblebees our new strategy targets habitat
creation and restoration on agricultural land and publicly owned land, e.g. land managed by
county, district and parish councils such as parks, road verges and sports fields. We also
help deliver bumblebee-friendly habitat through our land management advisory service and
business partnerships, including on new housing developments, solar and wind farms,
industrial sites and transport corridors.
For agricultural land we have developed a comprehensive strategy which includes working
directly with farmers in our project areas, developing training and guidance resources,
collaborating with partners such as Farm Wildlife, the Nature Friendly Farming NebNork and
various farm clusters to raise awareness, upskilling our staff to be able to provide advice on
a wider range of situations and iaking part in advisory groups for developing new agri-
environment payment schemes. Through our projects in 2024125 we worked directly with
farmers, small holders, crofters and other landowners in Somerset, Kent, East Sussex,
Cornwall, east London, Carmarthenshire, Pembrokeshire, Gwent and the Outer Hebrides.
In areas where we have projects we also work with local authorities usually on a relatively
small number of sites. However, in Kent we have continued to second a member of staff to
Kent County Council to lead on delivery of Kent's Plan Bee and monitor the outcomes. This
project is at the forefront of what local authorities can achieve for pollinators through a
strategy and implementation plan that is embedded into all activities. Using our experien￿ in
Kent and previous survey work results we have developed a project with the Highlands
Council to manage road verges throughout the north of Scotland for pollinators. We hope to
achieve funding for this project in 2025.

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Overall during the year we engaged with 111 new landowners and gave land management
advice on 2659Ha of land, directly delivering 103Ha of bumblebee friendly habitat. Our
annual landowner survey showed that 690/0 of landowners we had engaged with had made
some land management changes to benefit burnblebees and the remaining 33 /• intended to
do so.
Our threatened bumblebees are on the road to recovery and no other bumblebee
species become threatened
Thi5 is a new aim for the Trust in the 2024-34 strategy We have developed a species
recovery framework and assessment scheme to direct and monitor progress on this aim
during the strategy period. Our priority species have remained the Shrill carder bumblebee
(Bombus sylvarum)and the Great Yellow bumblebee (Bombus distinguendus)and we
continued to focus our on-the-ground action on these species, most notably through our
participation in the multi-species, multi-partner projects Species on the Edge in Scotland and
Natur am Byth In Wales. We were delighted to record the first sighting for 12 years of Shrill
carders in south Kent in 2024. They were found at a site where we have been working with
the landowner for several years to recreate flower rich habitat for all the rare species known
to have been in that area previously. Unfortunately, sightings of the Shrill carder in Somerset
(one of only remaining population areas in England) were extremely low this year and
we remain very concerned about the viability of this population, Also of concern is the Moss
carder bumblebee (Bombus muscoruml, which does not seem to be responding so positively
to our inteNentions in project areas where it occurs. This is now our next priority for species
recovery vKrk. In 2024 we started a new project for this species in Cornwall to investigate In
more detail its ecological requirements in order to develop better strategies for its recovery,
This work will continue and be expanded to Kent and Northumberland in the 2025 season.
An exciting development this year has been the opportunity to become involved in work in
Northern Ireland through the Species Recovery Partnership, led by the RSPB with our
Rethink Nature and other partners. This initial work is to establish a species recovery
framework for Northem Ireland, create 35 concise Species Action Plans for priority species
and develop a funding bid for a longer-term multi-partner, multi-species recovery project
similar to Species on the Edge and Natur am Byth. The priority bumblebees for this project
are Moss carder bumblebee and Bilberry bumblebee (Bombus monticola).
We are an impactful, inclusive, bold and sustainable organisation
In March 2024 the Board approved investment of £143k from general reserves for initiatives
to increase our sustainability, impact and inclusivity. All initiatives continue to be
implemented successfully and will bring lurther value and grov/(h In future years.
Financial sustainability
Like many charities, the Trust has been negatively impacted by the economic environment
this year and, despite a diverse portfolio of funding streams, we have experienced a
reduclion in income from both individuals and businesses. This, combined with rising
employment and business costs, has resulted in a year-end deficit of £95k. Strong financial
monitoring alerted us to this likely scenario, at which point a proactive review of the
organisation's structure was initiated to ensure our future sustainability by increasing
efficiency and reducing costs. This exercise continues into 2025126.

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Environm8ntal sustainability
The Trust was reassessed by Planetmark in May 2024 and awarded certification for
reducing our carbon footprint for the 5 consecutive year. This is significant achievement
reflecting our ongoing commitment to sustainable practice. Over the five years we have
achieved an overall reduction of 420/0 in carbon footprint per employee (from 1.9 to 1.1
tcoie) since our first measurements In 2020. This has been achieved through reductions in
office utilities, switching to renewable tariffs and changing suppliers for paper-based
products. Nearly 61 /0 of our footprint in the year to March 2024 was attributed to business
Iravel and this has a￿ayS been by far our largest contributor to carbon emissions. Due to
Changes in how Planet Mark certificalion is assessed, travel emissions are no longer
included in the targeted carbon reductions so we have opted not to continue with annual
external certification. Instead, we will focus on reducing our travel carbon footprint and
collect our own data to monitor progress.
During the year the Climate and Sustainability Group produced comprehensive travel
guidance which was presented at the All Staff briefing and organised a digital spring clean to
reduce the carbon footprint associated with storage of unnecessary digital material. This was
followed up with guidan￿ for minimising digital carbon, especially in the use of Al.
Impact
Digital effectiveness is essential to maximise efficiency and effectiveness. During the year
we continued to roll out our new IT systems (CRM, Finance, website), investing time to
ensure that both software and processes are fit for purpose, are being used effectively, and
are robusl to cyber security threats, Linked to this, in quarter four we initiated a project to
improve monitoring and evaluation across the organisation to allow us to better
communicate the impact of our work for bumblebees and the many individuals and groups
with whom we interact. This work continues into 2025126.
Inclusivity
Throughout the year we continued to strive to be a place where everyone flourishes. To
increase quality and efficiency, vrfe brought our HR services inhouse and created a three-
year action plan for HR initiatives. We completed our job evaluation exercise (started in
2023124 as salary benchmarking), refreshed our culture and values and introduced a well-
being survey and action plan in response to staff feedback.
We continued our commitment to EEDI by reviewing and updating our recruitment
processes. updating all policies and procedures to ensure they promote and support EEDI
principles and rolling out a programme of anti-racism training. To monitor our progress, we
developed an EEDI dashboard that serves as a tool for stakeholders to identify areas for
improvement, and celebrate successes on our journey towards greater equity. equality,
diversity, arKJ inclusion.

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Fundraising activities
Funds are generated either to support the core activities of the Trust or to enable the delivery
of specific projects. The Trust raises funds from a variety of primary SOur￿s..
Grants and Charitable Trusts - for both core activities or projects
Legacies - being gifts in Wills from individuals
Membership fees - from individualslfamilies and businesses
Donations- from individuals and businesses
Merchandise- bumblebee related products sold by the Trust
Consultancy - Trust expert staff providing services to landowners, managers and
developers
Fundraising standards
The Trust is committed to ensuring high standards in respect of fundraising and is registered
with the Fundraising Regulator and the Fundraising Preference Service. The Trust has a small
team of fundraisers who are employees of the Trust, has adopted Ihe Code of Fundraising
Practice and ensures its standards are met by all individuals and businesses when
undertaking fundraising activities on behalf of the Trust. No professional fundraisers are
appointed by the Trust.
The Trust has commercial participator agreements with businesses.. the substance of the
agreements provides the Trust with a donation equal to a proportion of sales proceeds made
by the commercial participatof for specific goods or services purchased by third parties. The
agreement terms were reviewed and have been updated this year to specify how the
commercial participator is to undertake its activities to ensure compliance with the Code of
Fundraising Practice. This includes protecting vulnerable people from fundraising activities
and the Trust's ability to monitor compliance.
During the financial year no complaints were re￿iVed in respect of fundraising activities
undertaken by Trust Stsff or other individualslbusinesses associated with the Trust.

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Financial review
The Trust's activities largely relate to either core activities, typically unrestricted, and project
activities that are usually restricted activities. The Trust entered the 2024-2025 financial year
with a resilient balance sheet, which has retained its strength during the year. The Trustees
consider the Trust to be a going concern and have prepared the financial statements on the
going COn￿M basis.
Overall, total income for the year was £2,460,693 compared to £2,253,432 in 2023-2024 and
total expenditure was £2,555,652 compared to £2,214,083 in 2023-2024.
Unrestricted income decreased from £1,580,872 in 2023-2024 to £1,429,362, in 2024-2025.
Changes in unrestricted income streams have been Inconsistent, with increases in
membership income, grants but decreases in donations and grfts and legacies.
Unrestricted expenditure in 2024-2025 increased from £1,419,591 to £1,446,856. Despite
growth in staff costs, overall costs were kept under control through close scrutiny and effective
management.
Restricted income increased from £872,580 in 2023-2024 to £1,031,331 in 2024-2025.
Significant projects were underway during including Nature Am Byth, B'ee Connected, Bee
Inspired Walsall, Connecting the Carmarthenshire Coast, Buzzing in the East End, Moss
Carders of Cornwall and Species on the edge. Restricted expenditure increased from
£794,492 In 2023-2024 to £1,108,796 in 2024-2025 reflecting the level of activity increasing
on projects within the year. The primary expenditure within restricted activities is staff costs,
funding dedicated staff members to undertake project activities, be they conservation, science
or engagement.
Overall, funds decreased by £94,959 to £1,482,644 in the period. The balance of unrestricted
funds held by the Trust as at 31 March 2025 was £633,414 and in line with Ihe Resenies
Policy, designated reserves of £727,000. Restricted fund balances were £122,230 made up
of balances to be utilised on specific projects in future years.
Reserves Policy
Charities are required to have a reserves policy to show that they have sufficient reserves to
continue to meet their obligations and to show that excess reserves are not being held.
Trustees have reviewed the reserves policy and determined to hold four categories of reserve..
1. A "safety reserve- to cover budget variances, to allow contingency actions to be effected,
and to provide a buffer for more radical action in the event of a more serious or more susiained
variance than anticipated
2. An °underwriting reseNe" to enable projects to proceed pending receipt of other funding
3. A "project funding reserve" to enable co-funding of projects that help the Trust achieve its
strategic aims,. and
4. A'general reserve. reflecting the balance of unrestricted income. This balan￿ will be used
at the discretion of the Trustees to pursue the airns of the Trust's agreed strategy.
io

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Trustees reviewed the Reserves Policy in September 2025 and approved the allocation of
unrestricted fund balances as at 31 March 2025 yearond as follows.. Safety Reserve:
£350,000 (2024". £400,000), this has been reviewed following consideration of the reduced
size of the organisation and the weak global economic outlook., Underwriting Resenie
£284,105 (2024.. £131,173),. Projects Reserve £112,895 (2024.. £369,156), and General
Reserve. £633,414 (2024: £603,136>. The General Reserve will be used to support the growth
of the Trust, in particular to enable investment into outreach and land management
consultancy.
Investment Policy
Trustees have the power to invest in such assets as they see fit. Given their obligations to
safeguard the resources of the Trust, Trustees wll consider options for investment primarily
on the basis of the securily of the investment and only then will they consider access to funds
(liquidity) and the return of offer (yield>. At 31 st March 2025, the charity held cash balances of
£858,523 (2024.. £1.260,180). Several of the Trust's funders provide grant funding in advance
of expenditure being incurred and funds were held in cash to meet those cash flow
requirements. Other funds were held to ensure that expenditure could be met pending receipt
of income in respect of funders who settle in retrospect. During the 2024-2025 financial year,
funds were held on deposit among various financial institutions and no funds were held on
investment.
Plans for future periods
A new strategic plan for 2024-2029 was completed and the strategy was launched in April
2024.
Key developments in this strategy are our work to create more joined up habitat for
bumblebees in towns, cities and the countryside.
The Trust's digital transformation is substantially complete, and VR are now working on
embedding our new arrangements. During 2024-25 launched our new website and began our
embedding v40rk across the organisation.
li

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Structure, governance and management
The accounts have been prepared in accordance with the accounting policies set out in note
1 to the accounts and comply with the Trust's Memorandum and Articles of Association, the
Companies Act 2006, the Charities and Trustees Investment (Scotland) Act 2005, the
Charities Accounts (Scotland) Regulations 2006, FRS 102"The Financial Reporting Standard
applicable in the UK and Republic of Ireland" (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) and the Charities Act 2011.
Governance
The Trust is a company limited by guarantee and was incorporated on 10 November 2005 as
amended by special resolutions dated 8 June 2006 and is governed by ils Memorandum and
Articles of Association. Following the resolution at the AGM in 2017, it was approved by the
members ihat the Articles be amended to follow updated Charily Commission model guidance.
The Trust was registered with the Charity Commission (England and Wales) on 31 July 2006
and with the Office of the Scottish Charity Regulator on 28 December 2011.
The Trustees, who are also the Directors for the purpose of company law, and who served
during the period from 1 April 2024 to the date the financial statements were approved (unless
otherwise stated) is set out on page 1 of this report.
The Directors of the Trust are also charity Trustees for the purposes of charity law and under
the Trust's articles are also the Members. Under the requirements of the Memorandum and
Articles of Association, Trustees agree to a fixed term of office of three years which can be
extended by re-election.
None of the Directors has any beneficial interest in the Trust. All the Directors are members
of the Trust and guarantee to contribute £1 in the event of a winding up.
The Trust's Board of Trustees holds at least four ordinary meetings per year to discuss a range
of business activities and issues and to monitor progress. Trustees set the overall strategy of
the Trust and work with the Chief Executive Officer (CEO) to develop policy. as well as oversee
and monitor business activities. The CEO is responsible for the day-ttrday running of the
charity.
Senior Staff
Gill Perkins
Dawn Ewing
Dr Amy Plowman
Sarah Martin
Ceri Cambridge
Chief Executive Officer
Head of Fundraising, Marketing and Communications
Head of Conservation and Science
Head of Finance and Operations
Head of Outreach and Volunteering
12

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Trustee recruitment
The Trust's work focuses on the conservation of bumblebees and the creation of their flower-
rich habitat both in urban and rural landscapes. In order to govern the Trust effectively the
Trustee board is made up of individuals with experience in this and allied fields, business,
finance, fundraising, engagement, human resources and management to bring the skills
needed to oversee the running of a charity. Various Board activities are delegated to
committees comprising Conservation and Science, Finance. HR and Remuneration, and
Fundraising and Engagement.
Recruitment of Trustees is carried out with reference to the Charity Commission's and OSCR'S
guidelines. Trustees are co-opted by the Board during the course of the year or are appointed
at the Annual General Meeting (AGM) by ordinary resolution. Co-opted Trustees appointed by
the Board hold office until the following AGM at which they are subject to formal appointment.
Training is offered to Trustees on a range of matters and individually Trustees undertake their
continuing professional development.
Risk rnanagement
The Trust's risk management policy implements and maintains an effective and efficient risk
management framework which enables the early identification and management of risks to
the organisation and so helps ensure that the Trust achieves its objectives successfully.
Risk management procedures to support the framework are based on best practice and are
regularly update(1 as appropriate. The Trust reviews its appetite for risk in consideration of its
objectives and strategic plan regularly.
In developing our risk policy and procedures we have taken into consideration the Charity
Commission Guidance (CC26) 'Charitie$ and Risk Management. and NCVO Knowhow Non-
profit's 'How to Manage Risk,.
The Trustees are ultimately responsible for risk management. Our approach to risk requires
that everyone (staff, volunteers and Trusiees} are involved with the identification and actions
required lo minimise the likelihood and impact of our identified risks. We have also explored
our risk appetite and that will be reflected in establishing the level of future risks Ihe trust is
prepared to take. One principal document, the risk register, is maintained to facilitate the
identification, recording, assessment and management of risks. Key risks identified include..
Reliance on key staff., unpredictable economic environment and income uncertainty impacting
on project funding and achieving income targets. Mitigations include.. Workforce planning and
robust management structure, strong financial controls and regular perfomance monitoring,
diversification of income and ongoing review of fundraising straiegy and an IT strategy road
map and significant digital transformation programme.
Auditor
Buzzacott wefe re-appointed as auditors for this financial year.
13

BUMBLEBEE CONSERVATION TRUST
Report of the Trustees
Statement of Trustees, responsibilities
The Trustees, who are also the Directors of Bumblebee Conservation Trust for the purpose of
company law, are responsible for preparing the Trustees, Report and the accounts in
accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally A¢￿pted Accounting Practice).
Company law requires the Trustees to prepare accounts for each financial year which give a
true and fair view of the state of affairs of the charitable company and of the incoming
resources and application of resources, including the income and expenditure, of the
charitable company for that year.
In preparing these accounts, the Trustees are required to..
select suitable accounting policies and then apply them consislently.,
obseNe the methods and principles in the Charities SORP (FRS 102):
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the accounts., and
prepare the accounts on the going concern basis unless it is inappropriate to presume
that the Trust will continue in operation.
The Trustees are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the Trust and enable them to ensure
that the accounts comply with the Companies Act 2006, the Charities and Trustees Investment
(Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 and the Charities
Act 2011. They are also responsible for safeguarding the assets of the Trust and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the Trust's website. Legislation in the United Kingdorn governing the
preparalion and dissemination of accounts may differ from legislation in other jurisdictions.
Disclosure of information to auditor
Each of the Trustees has confirmed that there is no infomiation of which they are aware which
is relevant to the audit, but of which the auditor is unaware. They have further confirmed that
they have taken appropriate steps to identify such relevant information and to establish that
Ihe auditor is aware of such information.
This report has been prepared in accordance with the special provision of Part 15 of the
Companies Act 2006 relating to small companies.
The Trustees, Report was approved by the Board of Twstees and signed on its behalf by..
Jl£bQ£
Angela Style
Chair of the Trustees
Date:1610912025
14

BUMBLEBEE CONSERVATION TRUST
Independent Auditor's Report to the Trustees of Bumblebee
Conservation Trust for the Year Ended 31 March 2025
Opinion
We have audited the financial statements of Bumblebee Conservation Trust (the 'charitsble
company,) for the year ended 31 March 2025 which comprise the Statement of Financial
Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial
statements including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including Financial Reporting Standard 102 "The Financial Reporting
Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 March
2025 and of its income and expenditure, for the year then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted
Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006,
the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 and
regulation 8 of the Charities Accounts (Scotland) Regulations 2006.
Basis for opinion
We conducted our audit in accordance wth International Standards on Auditing (UK) (ISAS
(UK)) and applicable law. Our responsibilities under those standards are further described in
the Auditor's responsibilities for the audit of the financial statements section of our report. We
are independent of the charitable company in accordance with the ethical requirements that
are relevant to our audit of the financial statements in Ihe UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have oblained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties
relating to events or conditions that, individually or collectively, may cast significant doubt on
the charitsble company's abilily to continue as a going concern for a penod of at least ￿e1ve
months from when the financial ststements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
15

BUMBLEBEE CONSERVATION TRUST
Independent Auditor's Report to the Trustees of Bumblebee
Conservation Trust for the Year Ended 31 March 2025
Other information
The other information comprises the information included in the Annual Report and Financial
Statements, other than the financial statements and our auditor's report thereon. The trustees
are responsible for the other information contained within the Annual Report and Financial
Statements. Our opinion on the financial statements does not cover the olher information and,
except to the extent otherwise explicitly stated in our report. we do not express any form of
assurance conclusion thereon.
Our responsibility is to read the other infomiation and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained
in the course of the audit, or otherwise appears to be materially misstated, If we identify such
material inconsistencies or apparent material misstatements, we are required to deiemiine
whether this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there Is a material misstatement of
this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the report of the trustees, which is also the directors, report for
the purposes of company law, for the financial year for which the fi'nancial statements
are prepared is consistent with the linancial statements: and
the report of the trustees, which is also a directors report for the purposes of company
law, has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In light of our knowledge and understanding of the charitable company and its environment
obtained in the course of the audit, we have not identified material misstatements In Ihe report
of the trustees.
We have nothing to report in respect of the following matters in relation to which the
Companies Act 2006, Charities (Accounts and Reports) Regulations 2008 and the Charities
Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion..
proper and adequate accounting records have not been kept, or returns adequale for
our audit have not been received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns.,
or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit., or
16

BUMBLEBEE CONSERVATION TRUST
Independent Auditor's Report to the Trustees of Bumblebee
Conservation Trust for the Year Ended 31 March 2025
the trustees vrfere not entitled to take advantage of the small companies exemption in
preparing the directors, report and take advantage of the small companies exemption
from the requirement to prepare a strategic report.
Responsibilities of Trustees
As explained more fully in the statement of trustees, responsibilities contained within the
trustees, report, the trustees (who are also the directors of the charitable company for the
purposes of company lawl are responsible for the preparation of the financial statements and
for being satisfied that they give a true and fair view, and for such internal control as the
trustees detemiine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable
company's ability to continue as a going concem, disclosing, as applicable, matters related to
going concern and using the going concern basis of accounting unless the truslees either
intend to liquidate the charitable company or to ￿ase operations, or have no realistic
alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 44{1)(c) of the Charities and Trustee
Investment (Scotland) Act 2005, under Section 144 of the Charities Act 2011 and under the
Companies Act 2006 and report in accordance with regulations made under those Acts.
Our objectives are to obtain reasonable assurance about whether the financial statements as
a whole are free from material misstatement, whether due to traud or error, and to issue an
auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance
but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detecl
a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these financial statements.
Extent to which an audit is conS￿ered capable of detecting irregularities, including fraud
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above. to detect material
misstatements in respect of irregularities, including fraud. The extent to which our procedures
are capable of detecting irregularities, including fraud is detailed below..
We obtained an understanding of the legal and regulatory frameworks that are applicable to
the charitable company, focusing on provisions of those laws and regulations that had a direct
effect on the detemiination of material amounts and disclosures in the financial statements.
The most relevant frameworks we identified include UK GAAP, Companies Act 2006, Charities
SORP (FRS 102). the Charities (Accounts and Reports) Regulation 2008. the Charities and
Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotlandl Regulations
2006.
17

BUMBLEBEE CONSERVATION TRUST
Independent Auditor's Report to the Trustees of Bumblebee
Conservation Trust for the Year Ended 31 March 2025
We gained an understanding of how the charitable company is complying with these laws and
regulations by making enquiries of those responsible for the operation of the charity. We
corroborated these enquiries through our review of submitted returns, relevant
correspondence with regulatory bodies and board meeting minutes.
We assessed the susceptibility of the charitable company financial statements to material
misstatement, including how fraud might occur, by meeting with management and those
charged with governance to understand where it was considered there was susceptibility to
fraud. This evaluation also considered how management and those charged wlh governance
were remunerated and whether this provided an incentive for fraudulent activity. We
considered the overall control environment and how management and those charged with
governance oversee ihe implementation and operation of controls. In areas of Ihe financial
statements where the risks were considered to be higher, we performed procedures to
address each identified risk.
The following procedures were performed to provide reasonable assurance that the financial
statements were free of material fraud or error..
Reviewing minutes of meetings of those charged with governance.,
Reviewing the level of and reasoning behind the charitable company's procurement of
legal and professional services., and
Performing audit work procedures over the risk of management override of controls,
including reviewing journal entries, evaluating the business rationale of significant
transactions outside the normal course of business (if any) and reviewing judgements
made by management in their calculation of accounting estimates for potential
management bias.
Our audit procedures were designed to respond to the risk of material misstatements in the
financial statements, recognising that the risk of nol detecting a material misstatement due to
fraud is higher than the risk of not detecting one resulting from error, as fraud may involve
intentional concealment, forgery, collusion, omission or misrepresentation. There are inherent
limitations In the audit prO￿dureS performed and Ihe further removed non-compliance with
laws and regulations is from the events and transactions reflected in the financial statements,
the less likely VR are to become aware of it.
A further description of our responsibilities is available on the Financial Reporting Council's
website
at..
htt s..11￿.frc.0r
. ukJOur-WorklAudiUAudit-and-assurancelStandards-and-
uidancelStandards-and-
uidar)ce-for-auditorslAuditors-res
onsibilities-for-
audiVDescri
tion-of-auditors-res
onsibilities-for-audit.as
x. This description forms part of our
auditor's report.
18

BUMBLEBEE CONSERVATION TRUST
Independent Auditor's Report to the Trustees of Bumblebee
Conservation Trust for the Year Ended 31 March 2025
Use of our report
This report is made solely to the charitable company's members, as a body. in accordance
with Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's trustees.
as a body, in accordan￿ with Regulation 10 of the Charities Accounts (Scotland) Regulations
2006 and in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008.
Our audit work has been undertaken so that we might state to the charitable company's
members and rts trustees those matters we are required to state to them in an auditorfs report
and for no other purpose. To the fullest extent pemiitted by law, we do not accepi or assume
responsibility to anyone other than the charitable company, the charitable company's
members as a body and the charitable company's trustees as a body, for our audit work, for
this report, or for the opinions V￿ have fomed.
¥¥*•e•
Gumayel Mlah jsenlor Statutory Audltor)
for and on behalf of Buzzacott Audit LLP, Statutory Auditor
130 Wood Street
London
EC2V 6DL
Date.. 26 September 2025
Buzzacott Audit LLP is eligible to act as an auditor in temis of section 1212 of the Companies
Act 2006
19

BUMBLEBEE CONSERVATION TRUST
Statement of Financial Activities
Including Income and Expenditure Account
For the year ended 31 March 2026
Unrestrlctod Unre8trl¢t•d Reslvlctèd
lunds
fundg
lund8
general d•3ignated
Total
2025
Total
2024
Notès
Incorne from:
Donations and legacles
Charitable activities
Other trading activities
Investments
1,359,837
35.449
17.988
16,088
1,018.177
11.467
1.6157
2,378,014 2.129,593
46,916
99.033
19,1175
9,lJ915
16,088
14,910
Total Income
1,429,362
1,031,331
2,460,693 2,253,432
nditur• o
Raising funds
Charitable aGlivities
282,668
1,184,188
1,514
1,107,282
264.182 212,239
2,291,470 2.001,844
Totsl •xponditurn
1,446.866
1,108,796
2,555,652 2,214,083
N•t1oxp•ndltUfe) I Income
117,494)
(77,465)
(94,959)
39,349
Transfers betr4veen funds
47,772
{173,3291
125,557
Net movomont In lund•
30,278
(173,329)
48,092
194,959)
39,349
Re¢on¢iliation ol Funds
Fund balances at l April 2024
603,136
900,329
74,138
1,577,603 1,538,254
Fund balancè8 at 31 March
2025
633,414
727,000
122,230
1,482,644 1,577,603
The statement of financial activities also complies wlth the requirements for an income and expenditure account
under the Companies Acl 2iXI6.
All of the charity's activits'es denved from continuing operations during the above t4VO financial periods. All recognised
gains and losses are included in the above statement of financial actsvrties
20

BUMBLEBEE CONSERVATION TRUST
Balance Sheet
As at 31 March 2025
2025
2024
Notes
Flxed a$•ets
Intangible assets
13
47.260
59,076
Current assets
Stocks
Deblors
Cash al bank and in hand
14
15
18,000
809,511
858,523
1,686.034
7.652
392,410
1.260.180
1.680.242
Croditors: amounts falllng due wlthln
one year
16
(250,650)
(141.71SI
Net currnnt a98ets
1.435,384
1.518,527
Total a88et8 le•• ¢urrfrnt Ilabllltle•
1,482,644
1,577,603
The funds of the charity:
Restricted funds
19
122,230
74,138
Unreslricled funds - designated
Safvty reservo
UndeThvriling reserve
Project fvnding
21
21
21
350,000
264,105
112,895
400,000
131.173
369,156
727,000
900.329
UnreslriGled funds - general
633,414
603,136
1,482,644
1,577,603
Angela Style
Tru8te•
Date.. 16th September 2025
Company Regi8tratlon No. 05618710
21

BUMBLEBEE CONSERVATION TRUST
Statement of Cash Flows
For the year ended 31 March 2025
2025
2024
Notes
Cash flow8 from op•ratlng aetlvltl•8
Cash {used in)Igenerated from operatsons
24
(417.7451
(139,4791
Invesling activities
Purchase of intangible fixed assets
Inlftrftsl rp.ckivpd
{59,0761
16.088
Nel ea•h gènaratod from •nv•8ting
a¢llvlll••
18,088
144,1661
Nèt eash from finanelng aellvllles
Nel Idecfea$ellln¢roa•o In c••h •nd cash
equivalents
(401,657>
1183,645
Cash and cash equivalents al beglnning ol year
1.260,180
1,443,825
Cash and cash oquivalents at ond of ye•r
858,523
1,260,180
Relatlng lo:
ash at bank and in hand
858,523
1,260,180
22

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
A¢counting policles
Trust Information
Bumblebee Conservation Trust (the Trust) is a charilable company limited by guarantee
incorporated in England and Wales. The registered office is International House, 109-111
Fulham Palace Road, London, W6 8JA and the business address is Beta Centre, Stirling
University Innovation Park, Stirling, FK9 4NF. The Trust is registered with the Charity
Commission (England and Wales) (no. 1115634) and with the Office of the Scottish Charity
Regulator (no. SC042830).
Accountlng conventlon
These accounts have been prepared in accordance with FRS 102 °The Financial Reporting
Standard applicable in the UK and Republic of Ireland" ("FRS 102"). Accounting and Reporting
by Charities.. Statemenl 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 102), the Companies Act 2006, the Charities and Truslee Investment
(Scolland) Aci 2005. the Charities Accounts (Scotland) Regulations 2006 and the Charities
Act2011.
The Trust is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency ofthe Trust.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statemenls have been prepared under the historical cost convention. The
principal accounting policies adopted are set out below.
The Trust has availed itself of section 396 of the Companies Act 20[￿, as pemiitted in
paragraph 4{1) of Schedule 1 of Sl 2008 no 409, and adapted the Companies Act formats to
reflect the special nature of its charitable activities.
Golng concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the
Trust has adequate resources to continue in operational existence and to meet liabilities as
they fall due. They have made this assessment for a period of at least 12 months from the
date of approval of the financial slatemenls, and they have not identified any material
uncertainties with regards to the Trust's ability to continue. Thus the Trustees continue to
adopt the going concern basis of accounting in preparing the accounts.
Charitable funds
Unrestricted funds are available for use at the discrets'on of the Trustees in furtheran￿ of their
charitable objectives unless the funds have been designated for other purposes.
Designated funds are those which have been allocated from the unrestricted funds of the
charity by the Trustees to fulfil certain purposes. There are no legal or constructive restrictions
on these funds and they can be allocated to different uses at the discretion of the Trustees.
23

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
Restricted funds are subject to specific conditions by donors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the accounts.
Income
Income is recognised when the Trust is entitled to it after any performance conditions have
been met, the amounts can be measured reliably, and it is probable that income will be
received. Income is represented by invoices issued. grants and other monies received in the
course of the Trust's ordinary activities during the year.
Cash donations are recognised on receipt. Other donations are recognlsed once the Trust has
been notified of the donation, unless performance conditions require deferral of the amount.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant
is recognised at the time of the donation.
Income from legacies is recognised when there is sufficient evidence that a gift has been left
to the charity and the executor of the estate has expressed satisfaction that the assets so
gifted are not required to satisfy claims on the estate.
Deferred income represents income received in the current financial year for future periods.
This is released to income in the period in which the charity becomes enlitled to it.
Membership income, including life subscriptions, is recognised when received.
Income from trading activities includes Incorne earned from fundraising events and trading
activities to raise funds for the Trust. Income is received in exchange for supplying goods and
services in order to raise funds and is recognised when entitlement has occurred.
Charitable activities relates to consultancy income and book sales and is recognised on receipt
unless performance conditions require deferral of the amount.
Expenditure
Liabilities are recognised as expenses as soon as there is legal or constructive obligation
committing the Trust to the expenditure. All expenditure is accounted for on an accruals basis
and has been classified under headings that aggregate all costs related to the category and
include irrecoverable VAT.
Raising funds comprise all costs associated with generating income from all sources, including
donations. other than from undertaking charitable activities.
Charitable expenditure is incurred in pursuance of the Trusvs principal objects and as set out
in the Trustees, report.
Support costs are those functions that assist the work of the Trust but do not directly undertake
charitable activities.
Intangible fixed assets
Intangible fixed assets are initially measured at cost and subsequently measured at cost, net
of amortisation and any impairment losses.
24

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
Amortisation is recognised so as to write off the cost of assets less their residual values over
their useful lives on the following bases..
Intangible assets
200/0 Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between
the sale proceeds and the carrying value of the asset, and is recognised in net
incomellexpenditure) for the year.
Stocks
Stocks are stated at the lower of cost and net realisable value. Net realisable value is the
estimated selling price less all estimated costs of complelion and costs to be incurred in
marketing, selling and dislribution.
Cash and cash equivalents
Cash and cash equivalentg are basic financial assets and include cash in hand, deposits held
at call with banks and other short-term liquid investments with original maturities of three
months or less.
Financial Instruments
The Trust has elected to apply the provisions of Section 11 'Basic Financial Instruments, and
Section 12 '0lher Financial Instruments Issues, of FRS 102 to all of its financial instruments,
Financial instruments are recognised in the Trust's balan￿ sheet when the Trust becomes
party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at
transaction price including transaction costs.
Derecognltlon of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the
asset expire or are settled, or when the Trust transfers the financial asset and substantially all
the risks and rewards of ownership to another entity, or if some significant risks and rewards
of ownership are retained but control of the asset has transferred to another party that is able
to sell the asset in its entirety to an unrelated third party
Basic financlal liabilities
Basic financial liabilities, including creditors are recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the
ordinary course of operations from suppliers. Amounts payable are classified as current
liabilities if payment is due within one year or less.
25

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
Derecognition of financial liabilities
Financial liabilities are derecognised when the Trust's contractual obligations expire or are
discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's
seNices are received. Termination benefits are recognised immediately as an expense when
the charitable company is demonstrably committed to terminate the employment of an
employee or to provide termination benefits.
1.11 Retlrement benefits
The Trust operates a defined contribution pension scheme. Contributions are charged in the
accounts as they become payable in accordance with the rules of the scheme.
1.12 Lea8e$
Rentals payable under operating leases, including any lease incentives received, are charged
to expendilure on a straight line basis over the term of the relevant lease.
Crltical accounting e•timate8 and judgements
In the application of the Trust's accounting policies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sources. The estimates and associated assumptions
are based on historical experience and other factors that are considered to be relevant. Actual
results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only that period, or in the period of the revision and future periods where the
revision affects both current and future periods.
The key sources of estimation are summarised as follows..
Legacies
Income from legacies are recognised at the point it can be reliably measured and that the
Trust is entitled to the legacy. This is typically at the point probate has been granted, the value
of the estate can be reliably measured along Wlth the amount due to the Trust.
26

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
Income from donatlons and legacle8
Unrestricted
funds
Restrictod
funds
Total
2025
Total
2024
Donations and gifts
Lega¢ies receivable
Grants receivable
Membership fees
662.701
424.121
7,079
265,936
194,707
857,408
424,121
830,549
265,936
940,810
485,794
453,285
249,704
823,470
1,359.837
1,018,177
2.378.014
2,129,593
Yoarended 31 March 2024
Donations and gifts
Legacies receivable
Grants receivable
Membership fees
773,427
485,794
29
249,704
167.383
940,810
485.794
453,285
249,704
453,256
1,508,954
620,639
2,129,593
In¢om• from charltable actlvltles
2025
2024
Consultancy income
Book sales
46,915
93,581
5,452
46,915
99,033
Analy$ls by fund
Unreslricled funds - general
Rèstricted funds
35,449
11,467
47,743
51,290
46.916
99,033
Income from other trading activities
Unrestrlcted
funds
Restrlcted
funds
Total
2025
Tolal
2024
Fund generation income
17,988
1.687
19,675
9,896
Year ended 31 March 2024
9,265
631
9,896
27

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
Income from investments
Total
202S
Total
2024
Interest receivable
16,088
14,910
All interest receivable related to unrestricted funds.
Expenditure on raising funds
Unmtrl¢t•d
lunds
Restrlcted
fund8
Total
2025
Total
2024
and ubllcll
Fundraising and publicity costs
Staff costs
18,480
242,393
1,514
19,994
242,393
12,030
183,318
260,873
1,514
262.387
195,348
Tf
din
Other trading actlvities
1.795
1,795
18,891
262,668
1,614
264,182
212,239
Year ended 31 March 2024
Fundraising and publicity
Tiading costs
195,348
18,845
195,348
16,891
46
212,193
46
212,239
28

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
Charitable activities
2025
2024
Staff costs
Local projects and event costs
Land management
Printing. postage, stationery and computer expenses
Consultancy, professional and PayPal fees
Staff training and travelling expenses
Volunlary services
Equipmenl
Publicity and advertising
Rent, rates, insurance and premises expenses
Telephone and internel
Recruilmenl and payroll expenses
Sundry expenses
1,659,370
14,044
57,563
5.862
131,748
52.732
1.487,127
9,927
33,200
7,328
36,657
44,200
4,525
7,108
1,000
864
4,523
1,122
218
37,498
4,199
1,284
4,660
2,468
779
1,972,207
1.637,799
Support costs (see note 9)
Governance ¢osls (see note 9)
304.148
15,115
347,804
16,241
2,291,470
2,001,844
Analysis by fund
UnreslriGted funds - general
Reslricled funds
1,184,188
1.107,282
347,804
16.241
2,291,470
2,001,844
29

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
Support costs
Govern-
ance
costs
Support
costs
8a$i• ol
allocation
2025
2024
Rent, rates, insurance and
premises
Printing, poslage and
slalionery
Telephone and intemet
Staff training and travel
Equipment
Publicity and advertising
Recruitment and payroll
expenses
Consultancy, professional and
PayPal
Sundry expenses
Legal and professional fees
Audit fees
Board and governance costs
Direct
40,265
40,265
33.266
Direct
Direct
Direct
Direct
Direct
66.762
37,810
56,657
3.065
7,563
66.762
37.810
56,657
3.065
7,563
60,0
30.253
81,005
6,669
32,393
Direct
6,367
6,367
7,012
Direct
Direct
Direct
Direct
23,918
12,805
48,936
23,918
12.805
48,936
14.816
299
72,389
(30)
24,757
14,178
2,063
14,816
299
304,148
15.115
319,263
364,045
Analysed be￿een
Charllable actlvitles
304,148
15,116
319,263
364,045
10
Audltor'6 remun•ratlon
The analysis of the auditor's remuneration is as foll0v￿.
202S
2024
Audit of the annual accounts
14,816
14,178
11
Trustees
None of the Trustees (or any persons connected with them) (2024., none) received any
remuneration during the year, and one Trustees (2024.. one) was reimbursed £8 (2024.. £147)
for travel expenses.
30

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
12
Employees
Number of employees
The average monthly number of employees during the year was (headcount):
2025
Number
61
2024
Number
Charitable and support
58
Employment C08t8
2025
2024
Wages and salaries
Social security costs
Employers contributions lo defined ¢onlribuli¢)n pension schemes
1,630,462
140,433
130,868
1,442.995
112.143
115,307
1,901,763
1,670,445
There was 1 employee (2024.. no employees) whose annual remuneration was £60.000 or
more.
Information regarding the remuneration payable to the charity's key management personnel
is provided within note 23 to the financial statements.
13
Intanglble flxed assets
Database
Cost
Al 1 April 2024 and 31 March 2025
Am
is
At 1 April 2024
Charge for the year
11.816
At 31 March 2025
Net book value
At 31 March 2024
59.076
47,260
At 31 March 2025
31

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
14
Stocks
2025
2024
Finished goods and goods for resale
18,000
7,652
15
Debtors
2025
2024
Amounts falllng due withln one year
Trad8 debtors
Other debtors
Prepayments
144,869
657,911
6.731
54,462
328.122
9,826
809,511
392,410
16
Creditors: amounls falllng due wlth5n one year
2025
2024
Trade creditors
Other creditor8
Other lax and social securlly
Deferred income
Accruals
20.583
50,117
47.067
115.983
16,900
36,328
43,925
28,995
18,667
13,800
2SO,650
141,715
17
Deferred Income
2025
2024
Total deferred income at 1 April
Amounts credited to statement of financial activities
Amounts deferred in year
18,667
(18.667)
115,983
38.130
(19,463)
Total deferred Income at 31 March
115,983
18,667
Deferred income represents income received in the current and previous years for which
entitlement to the income arises in future accounting periods.
32

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
18
Retirement benefit schemes
Defined contribution schemes
The Trust operates a defined contribution pension scheme for all qualifying employees. The
assets of the scheme are held separately from those of the Trust In an independently
administered fund.
The charge to the Statement of Financial Activities in respect of defined contribution schemes
was £130,868 {2024.. £115,307).
19
Restrlcl•d fund8
The income funds of the charity include restricted funds comprising the following unexpended
balances of donations and grants held on trust for specific purposes..
Movement In fund•
Income
Expend-
iture
At 1 Aprll
2024
Transfers
At31
March
2025
Bee Connected
Calon Gwenyn
Donations
Natur Am Byth
Skills for Bee walk
Saving Brechfas Bumblebees
Buzzing in the East End
Kent Plan B
Shrill Carder Recovery
Skills for 8ees (Scolland)
Bee Inspired Wallsall
Save our Shrill (Somerset)
Greal Yellows on the Verge
SpeGie5 on the Edge
West Country Buzz
Connecting the Carmarthen5hire
Coast
Moss Carder Bees of Comwall
Bumblebuzz
289
{572)
75
(23.924)
52,724
19,092
30,710
45,746
(39,366)
27,332
(12.719)
{278>
16,564
138,302)
6,210
95,988
(125,105>
(228)
(3)
(130,214)
{47,479)
{20,397)
{54,547)
{49.555)
{42.261)
{33,PAO)
{87,911)
(92,513)
(15,9651
(193.345)
(64)
28,828
798
(74)
130,254
(23,884)
5,245
4,483
5,788
22,217
18,738
74.775
35,150
98,751
303
1.620
14,929
(6.852)
28,842
1,879
92.488
599
15,883
6,146
247.530
(9.209>
169,619
<156,501)
3,909
{234)
36.815
4.228
(37,500)
(4,246)
(10,924)
(6.400)
(919)
18
Buzzing for the future
Honeybee v Bumblebee
84.773
6,400
73.849
74,138
1,031,331
11,108,796
125,557
122,230
33

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2026
At31
March
2025
At 1 April
2024
Expend-
Iture
Income
Transler8
#Green Welsh Landscapes
for Rare Bumblebees
Bee Connected
Calon Gw8nyn
Donations
Natur Am Byth (development)
Nalur Am Bylh (delivery)
Pollinaling the Fowey Valley
Saving Brechfa Bumblebee
Kenl Plan 8
Shrill Carder Recovery
Skills for Bees {Cymru),
formerly Beewalk Cymw
Skills for Bees {S¢olland)
Bee Inspired Wallsall
Save our Shrill (Somefset)
Great Yellows on the Verge
Species on the Edge
(Delivery)
Species on the Edge
(Development>
Wesl Country Buzz (Phase11)
Connecting the
Carmarthenshire Coast
Moss Carder Bees of
Cornwall
Buzzlng in the East End
Skills for Bee walk
6,096
(32,192>
31,121
1.365
1,184
(6.096)
56.827
16,038
11,362)
15.847)
94,317
(118,663)
(47,731)
(3)
289
(572)
75
7S
4,663
1,433
(25.357)
(49,012)
{1,466)
(254)
(49,901)
(23,924)
45,811
3,201
20,558
55,333
4,580
19,092
45,746
(39,366)
{9.333)
8.647
(2,692)
40.700
16.280
(4,899)
6,746
43,350
77,488
198
40,000
(28.309)
(32,298)
(85,308)
(75,260)
(23,051)
(19,137)
27,332
<12,719)
(278)
16,564
74.784
(385)
(26,632)
131.520
(141,940)
(1,250)
(38,302)
5,496
45,000
(44,286>
6,210
(1,655)
49,575
{57.129)
(9,209)
(234)
{14,290)
(234)
30,710
52,724
45.000
52,724
79,598
672,560
1794,4921
116,472
74,138
The transfers from unrestricted funds represent the Trust's contribution to restricted fund
projects. Transfers from restricted funds to unrestricted funds represent the basis that the
restriction has been satisfied
34

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
Analysis of net assets between funds
Unrestricted
funds
Designated
funds
Restricted
funds
Total
2025
Fund balances at 31 March 2025
are represerbted by:
Intangible assets
Net current assets
47,260
586,154
47,260
1,435.384
727,000
122.230
633,414
727,000
122,230
1,482,644
For the year ended 31 March 2024
Unrestrfcted
funds
Deslgnated
funds
Restrlcted
funds
Total
2024
Fund balances at 31 March 2024
are represented by:
Inlan9ible assets
Net current assets
59.076
544,060
59,076
1,518,527
900,329
74,138
603,136
900,329
74.138
1,577,603
21
Designated funds
The income funds of the Trust include the following designated funds which have been set
aside out of unrestricted funds by the Trustees for specific purposes..
Movement in funds
At31
March
2025
At 1 Aprll
2024
Expend-
iture
Income
Trnnsfers
Safety reserve
Underwriting reserve
Project funding
400,000
131,173
369.156
(50,000)
132.932
(256,261)
350,000
264,105
112,895
900,329
1173,329)
727,000
The 8afety reserve has been set aside to cover budget variances, to allow contingency
actions to be effected, and to provide a buffer for more radical action in the event of a more
serious or more sustained variance than anticipated.
The underwriting reserve has been set aside to enable projects to pro￿ed pending receipt
of other funding.
The project funding reserve has been set aside to enable ctrfunding of projects that help
the Trust achieve its strategic aims
35

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
For the year ended 31 March 2024
Movement In funds
At31
March
2024
At 1 April
2023
Expend-
Iture
Income
Transfers
Safety reserve
Underwriting reserve
Project funding
350,000
112,345
290,399
50,000
18,828
400,000
131,173
369.156
752,744
147,585
900,329
22
Operatlng lease commltments
At the reporting end date the Trust had outstanding commitments for future minimum lease
payments under non-cancellable operating leases, which fall due as follows..
2025
2024
thin one year
Between I￿0 and five years
2,904
1,914
12.204
3,355
4,818
15,S59
The total lease cost recognised as an expense during the year was £14,436 (2024 £14,640).
23
Related party transactlons
Remuneration of key management personnel
The remuneration of key management personnel is as follovrfs
2025
2024
Aggregate compensation
£210,721
191.366
Key management personnel also received reimbursement of expenses of £2,788 (2024..
£4,419).
36

BUMBLEBEE CONSERVATION TRUST
Notes to the Financial Statements
For the year ended 31 March 2025
Transactions with related parties
The following amounts were outstanding at the reporting end date..
Amounts owed to r•l•ted
parties
2025
2024
Dawn Ewings
Amy Ploughman
173
28
Other than Ihe above, there were no other related party transactions during the year ended
31 March 2024 (2023 - no other).
24
Cash flows from operatlng activltles
2025
2024
Net (exponditure) l in¢ome for the year
{94,959)
39,349
AdjusIn￿nIS l¢Y.'
Investment income receivable
Amortisalion of intangible fixed assets
(16,088)
11,816
<14,910)
Movements in working capital..
(Increase) l Decrease in stocks
Decrease in debtors
Increase l (Decrease) in creditors
Increase l (Decrease) in deferred income
(10.348)
(417,101)
147.065
(38.130)
11,651
<135,034)
(21,071)
(19,463)
Cash (used in) I gonerdted from operating activitie8
1417,745)
139,479
25
Analy818 of change8 In net debt
The Trust had no e￿eMaI debt finance at either the start or end of the financial year.
Movements In cash and cash equivalents from the start to the end of the financial year is
provided within the statement of cash flows.
37