PENRITH & DISTRICT RED SQUIRREL GROUP
TRUSTEES’ REPORT for the Year Ended 31[st] December 2022.
Trustees and officers for the period 1[st] January 2022 to 31[st] December 2022 were:
Robert Benson (Chairman), Julie Bailey (Treasurer – resigned on 27[th] June), Ian Jack – (resigned due to personal circumstances on 5[th] July), Jill Pettigrew (Secretary) and Christian Bensaid (appointed 29[th] April).
The Trustees are appointed by the existing Trustees, and all retire at the next AGM but can offer themselves for reappointment. The governing document for the Group is the constitution adopted on 10[th] October 2006 and it is the Trustees who conduct the business of the Charitable Trust.
The Trustees continually seek to advance the objectives of the charity by promoting the preservation of the red squirrel in their natural habitat of Penrith District and their protection from extinction for the public benefit and to advance the education of the public and conduct research concerning the red squirrel population in the Penrith District and its endangered status.
In setting the objectives of the Charity, the Trustees have paid due regard to the Charity Commission guidance on public benefit
A series of Meetings were held throughout the year were held – 21[st] February, 21[st] April, 29[th] April, 7[th] June, 11[th] July (AGM),25[th] July, 7[th] September, 18[th] October, 27[th] October 14[th] November, 22[nd] November, 30[th] November ,5[th] December. Most meetings included Rangers and Supporters as well as Trustees. A repeat of the last 2 years of mainly remote meetings due to Corona Virus was not necessary.
## **The main activities of the charity during the year can be summarised as follows:**
1. The normal promotion of red squirrel conservation throughout the Penrith District area resumed with little or no restriction after the pandemic the organisation of a number of activities including public meetings, talks and attendance at shows. These highlighted the increasing plight of the red squirrel, and the risk to their existence posed by the non-native grey squirrel and the virus most greys carry.
2. Increased promotion and publicity using a much improved and updated website, increased use of social media. This includes encouraging the public to become members and/or volunteer and report both red and grey squirrel sightings.
3. Obtaining funding from all possible sources including membership, sponsorship, sales of merchandise, including the sale of feeders made by the Rangers and donations plus a very welcome legacy received during the year meant that the group continued to provide landscape grey control across the group area by agreeing annual 12 month contracts with professional trained rangers ( 4 full time and 2 part time ) augmented by a further full time ranger employed by Center Parcs, but working closely with the group.
4. The group continued to benefit from the upgrade in equipment provided through the Green Recovery Challenge Fund in 2020. Continued investment in cameras, thermal imagers is contributing greatly to the effectiveness and efficiency of the ranger team and its grey control work.
5. The coordination of standardised squirrel data in 2022 shows that whilst red sightings remain good in parts of the 622 square miles now covered by the group, the Trustees are very concerned by increasing grey squirrel numbers and loss of reds in part, probably to squirrel pox virus.
## Financial Review
The trustees are pleased that they have managed to maintain ranger contracts. This position was boosted by an unexpected legacy received late in 2022. They are however very realistic and see that increased income must be found if they are to continue with the current level of grey control over the next 3 or 4 years. However, the grey situation really requires increased ranger cover, not maintenance of the status quo and they are concerned that this will not be possible unless income is much increased, despite investment of the legacy with increased interest rates which will help but by no means fill the gap.
The Trustees hope to maintain a reserve of £100,000 (raised from £50,000 in 2021) and this will be reviewed every 6 months. If overall funds are predicted to drop below £150,000 then Trustees will consider reducing contracts to 6 months.
Total income for the year amounted to £344,502 with expenditure of £226,391 leaving an overall surplus of £118,111. At the year end there were unrestricted funds of ….
## **Penrith District Red Squirrel Group**
**Registration number: 1117418 Annual Report and Financial Statements**
**31 December 2022**
## **Penrith District Red Squirrel Group**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' report|2|
|Trustees' responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8|
## **Penrith District Red Squirrel Group Reference and Administrative Details**
|**Charity name**|Penrith District Red|Squirrel Group|
|---|---|---|
|**Charity registration number**|1117418||
|**Principal office**|Celleron House||
||Tirril||
||PENRITH||
||CA10 2LS||
|**Registered office**|Celleron House||
||Tirril||
||PENRITH||
||CA10 2LS||
|**Trustees**|R C Benson, Chair||
||J Bailey|(Resigned 28 June 2022)|
||I Jack|(Resigned 25 June 2022)|
||J Moss||
||J Pettigrew||
||C J Bensaid|(Appointed 29 April 2022)|
|**Accountant**|Dodd & Co Limited||
||FIFTEEN Rosehill||
||Montgomery Way||
||Rosehill Estate||
||CARLISLE||
||CA1 2RW||
Page 1
## **Penrith District Red Squirrel Group**
## **Trustees' Report for the Year Ended 31 December 2022**
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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.
## **Structure, governance and management**
Trustees and officers for the period 1st January 2022 to 31st December 2022 were:
Robert Benson (Chairman), Julie Bailey (Treasurer – resigned on 28th June), Ian Jack – (resigned due to personal circumstances on 25th June), Jill Pettigrew (Secretary) and Christian Bensaid (appointed 29th April).
The Trustees are appointed by the existing Trustees, and all retire at the next AGM but can offer themselves for reappointment.
The governing document for the Group is the constitution adopted on 10th October 2006 and it is the Trustees who conduct the business of the Charitable Trust.
A series of Meetings were held throughout the year were held – 21st February, 21st April, 29th April, 7th June, 11th July (AGM),25th July, 7th September, 18th October, 27th October 14th November, 22nd November, 30th November ,5th December. Most meetings included Rangers and Supporters as well as Trustees. A repeat of the last 2 years of mainly remote meetings due to Corona Virus was not necessary.
## **Objectives and activities**
The Trustees continually seek to advance the objectives of the charity by promoting the preservation of the red squirrel in their natural habitat of Penrith District and their protection from extinction for the public benefit and to advance the education of the public and conduct research concerning the red squirrel population in the Penrith District and its endangered status.
In setting the objectives of the Charity, the Trustees have paid due regard to the Charity Commission guidance on public benefit.
## **Achievements and performance**
The main activities of the charity during the year can be summarised as follows:
- The normal promotion of red squirrel conservation throughout the Penrith District area resumed with little or no restriction after the pandemic the organisation of a number of activities including public
- 1. meetings, talks and attendance at shows. These highlighted the increasing plight of the red squirrel, and the risk to their existence posed by the non-native grey squirrel and the virus most greys carry.
- Increased promotion and publicity using a much improved and updated website, increased use of social
- 2. media. This includes encouraging the public to become members and/or volunteer and report both red and grey squirrel sightings.
- Obtaining funding from all possible sources including membership, sponsorship, sales of merchandise, including the sale of feeders made by the Rangers and donations plus a very welcome legacy received
- 3. during the year meant that the group continued to provide landscape grey control across the group area by agreeing annual 12 month contracts with professional trained rangers ( 4 full time and 2 part time ) augmented by a further full time ranger employed by Center Parcs, but working closely with the group.
- The group continued to benefit from the upgrade in equipment provided through the Green Recovery
- 4. Challenge Fund in 2020. Continued investment in cameras, thermal imagers is contributing greatly to the effectiveness and efficiency of the ranger team and its grey control work.
- The coordination of standardised squirrel data in 2022 shows that whilst red sightings remain good in
- 5. parts of the 622 square miles now covered by the group, the Trustees are very concerned by increasing grey squirrel numbers and loss of reds in part, probably to squirrel pox virus.
Page 2
Penrfth Distrfct Red Squirrel Group
Trust•es' Report forth¢ Year Ended 31 December 2022
Financial Review
Thè 1$188£ are plèased that Ihey have managed lo mainlain Tanger ccntracts. This positlcxl W3S tK)tssted by a
unexpectgj legacy CeIVed lats in 2022. They are h¢pwever very realistic and see that increased in¢om8 must be
found rf they a to coniinue ¥th the current level of grey control ovw Ihe nexi 3 or 4 years. However, the grey
situa1b really requires inueased ranger (ver. not m47intenance of the slatus qvo at)d trey are eoncemed that
this *ill not be w6siIAe tsnless intome is much inc*eased, dw.ie in¥esimeiit of the legacy *ith incTeased
tr*terest rates which will help but by rneans fill the gap.
Th8 Tru8tees hope lo rllaintain a rgs8rvg of E100.(KKI Iraise¢l £50.CKIO tn 20211 and thi5 will be reMBwed
every 6 rnonths. If overall funds are predicted to drcy below £150.000 then Tru5Lees 71rf11 con5id8r reducing
contra¢ts l() 6 monlhs or reduong ranger nurnbers.
Total rnGome for the year amounted to £344,502 ewendityre of £226.391 8rIg an overall surplus ol
£118,111. Al the year end there were urre5ti4(tsJ lund5 L4 £492.498 and restricted funds of £#il. Free reserves
We £466.925 at the Yar end.
Approved by the TN5tees 24 Juty 2023 an(S signed on trvir behair ty.
R C Benson
TnJ5tee
PagB 3
## **Penrith District Red Squirrel Group**
## **Trustees' Responsibilities in relation to the Financial Statements**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- 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 financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection fraud and other irregularities.
Page 4
## **Independent Examiner's Report to the Trustees of**
## **Penrith District Red Squirrel Group**
I report on the accounts of the charity for the year ended 31 December 2022, which are set out on pages 6 to 16.
Your attention is to drawn to the fact that the Charity has prepared the financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
## **Respective responsibilities of trustees and examiner**
The Charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act 2011; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**----- Start of picture text -----**
.........................................
**----- End of picture text -----**
......................................... Joanne Thomlinson FCA Dodd & Co Limited Chartered Accountants
FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW
24 July 2023
Page 5
## **Penrith District Red Squirrel Group**
## **Statement of Financial Activities for the Year Ended 31 December 2022**
|**Note**
**Income and endowments from:**
Donations and legacies
2
Other trading activities
3
Investments
4
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net incoming resources before transfers
**Transfers**
Gross transfers between funds
Net movements in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**£**
284,786
36,516
-|**Restricted**
**Funds**
**£**
23,200
-
-|**Total Funds**
**2022**
**£**
307,986
36,516
-|**Total Funds**
**2021**
**£**
333,275
39,621
118|
|---|---|---|---|---|
||321,302|23,200|344,502|373,014|
||19,726
155,209|665
50,791|20,391
206,000|10,973
187,893|
||174,935|51,456|226,391|198,866|
||146,367
2,143|(28,256)
(2,143)|118,111
-|174,148
-|
||148,510
343,988|(30,399)
30,399|118,111
374,387|174,148
200,239|
||492,498|-|492,498|374,387|
The notes on pages 8 to 16 form an integral part of these financial statements.
Page 6
Penrfth Dlstrict Red Squirrnl Group
Balan¢¢ Sheet as at 31 December 2022
2022
2021
Notè
Fixed assets
Tangible 88S8ts
10
25.573
26,400
Current a550ts
Stocks wc*k in woJr858
Debtors
Cash at bank in hand
1.995
29.891
444.706
476.592
5,1
19.003
325.714
349.907
credito AMntS falling due wlthin
one ar
12
9.6671
11.920)
Net cuvrent as8eis
466,925
347,987
Net assets
492.498
374,387
Th• funds ol the ¢harity.
Restrlcted fund$
30,399
Unrestricted funds
Unr8Strictgd income fvnds
492.498
343,988
Total charity funds
The financial stsiements have been prepared in acoydance wlh Ihe Firxncial Rewrting Standard awliGable in
the UK ar Reputlic ol Ireland IFRS 1021.
492.498
374,387
Atfjroved by the Board on 24 July 2023 and sgned on its hav ty.
R C Benson
Trvstee
The notes on page5 8 to 16 fonn an intwJrAI part ofthe$8 finaniial slatements.
Page 7
**Penrith District Red Squirrel Group**
**Notes to the Financial Statements for the Year Ended 31 December 2022**
## **1 Accounting policies**
## **Statement of compliance**
The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
## **Basis of preparation**
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
These financial statements have been prepared on a going concern basis.
## **Fund accounting policy**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Further details of each fund are disclosed in note 14.
## **Income and endowments**
Donations and legacies including donations, legacies and grants that provide core funding or are of a general nature is recognised where there is entitlement, propability of receipt and the amount can be measured with sufficient reliability.
Income from Government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.
Shop income and income derived from events is recognised as earned (that is, as the related goods or services are provided).
Investment income is recognised on a receivable basis.
Page 8
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **Expenditure**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity 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.
Costs of raising funds are the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Fixed assets**
Individual fixed assets costing £100 or more are initially recorded at cost.
## **Depreciation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Plant and machinery 15% reducing balance Office equipment 33% straight line basis
## **Cash and Cash Equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Stock**
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.
Page 9
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **2 Donations and legacies**
|**Donations and legacies**
Legacies and bequests
Appeals and donations
Gift Aid tax reclaimed
Membership
**Grants**
Grants - other agencies|**Unrestricted**
**Funds**
**£**
200,000
45,935
7,773
31,078|**Restricted**
**Funds**
**£**
-
-
-
-|**Total Funds**
**2022**
**£**
200,000
45,935
7,773
31,078|**Total Funds**
**2021**
**£**
162,470
32,343
7,700
36,847|
|---|---|---|---|---|
||284,786
-|-
23,200|284,786
23,200|239,360
93,915|
||284,786|23,200|307,986|333,275|
Of the donations and legacies income in 2021 £240,475 related to unrestricted funds and £92,800 related to restricted funds.
## **3 Other trading activities**
|**Other trading activities**
Merchandise
Events
Raffle income
(Profit)/loss on sale of tangible fixed assets held
for charity's own use|**Unrestricted**
**Funds**
**£**
30,168
2,261
3,239
848|**Restricted**
**Funds**
**£**
-
-
-
-|**Total Funds**
**2022**
**£**
30,168
2,261
3,239
848|**Total Funds**
**2021**
**£**
38,593
858
170
-|
|---|---|---|---|---|
||36,516|-|36,516|39,621|
All of the other trading income in 2021 related to unrestricted funds.
## **4 Investments**
|Interest on cash deposits|**Unrestricted**
**Funds**
**£**
-|**Restricted**
**Funds**
**£**
-|**Total Funds**
**2022**
**£**
-|**Total Funds**
**2021**
**£**
118|
|---|---|---|---|---|
All of the investment income in 2021 related to unrestricted funds.
Page 10
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **5 Expenditure**
|**Direct costs**
Fundraising costs
Opening stock
Merchandise
Selling fees
Closing stock
Postage and carriage
Project costs
Staff training
Insurance
Equipment repairs and renewals
Computer software and maintenance costs
Printing, postage and stationery
Sundry expenses
Travel and subsistence
Advertising
Depreciation of plant and machinery
Depreciation of office equipment
**Support costs**
Accountancy fees
Independent examiner's fee
Bank charges|**Other**
**trading**
**activities**
**£**
303
5,190
15,350
108
(1,995)
1,435
-
-
-
-
-
-
-
-
-
-
-
20,391
-
-
-
-
20,391|**Charitable**
**activity**
**£**
-
-
-
-
-
-
187,037
90
1,962
2,203
706
88
469
205
4,248
4,254
771|**Total**
**2022**
**£**
303
5,190
15,350
108
(1,995)
1,435
187,037
90
1,962
2,203
706
88
469
205
4,248
4,254
771|**Total**
**2021**
**£**
-
1,500
13,354
430
(5,190)
879
171,719
560
1,250
83
120
308
35
1,102
5,691
4,344
751|
|---|---|---|---|---|
|||202,033|222,424|196,936|
|||3,209
600
158|3,209
600
158|1,320
600
10|
|||3,967|3,967|1,930|
|||206,000|226,391|198,866|
Of the expenditure in 2021 £25,843 related to unrestricted funds and £173,023 related to restricted funds.
## **6 Governance costs**
|Accountancy fees
Independent examiner's fee|**2022**
**£**
3,209
600
3,809|**2021**
**£**
1,320
600|
|---|---|---|
|||1,920|
Page 11
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **7 Trustees' remuneration and expenses**
During the year, J Bailey received payment for adminstration services for the charity of £28,920. This payment was made in accordance with the provisions in the governing document of the charity. J Bailey received no remuneration in her role as a trustee.
During the year, C J Bensaid received payment for ranger contractor work for the charity of £28,420. This payment was made in accordance with the provisions in the governing document of the charity. C J Bensaid receives no remuneration in his role as a trustee.
No trustees received any remuneration or were reimbursed for any expenses during the year.
Total donations from trustees in the year totalled £9,296.
## **8 Net incoming resources**
Net incoming resources is stated after charging/(crediting):
|Profit on disposal of tangible fixed assets
Depreciation of owned assets|**2022**
**£**
(848)
5,025|**2021**
**£**
-
5,095|
|---|---|---|
Page 12
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **9 Taxation**
The registered charity is exempt from taxation on income and gains.
## **10 Tangible fixed assets**
|**Cost**
As at 1 January 2022
Additions
Disposals
As at 31 December 2022
**Depreciation**
As at 1 January 2022
Eliminated on disposals
Charge for the year
As at 31 December 2022
**Net book value**
As at 31 December 2022
As at 31 December 2021
**Debtors**
Trade debtors
Other debtors
Prepayments and accrued income
**Creditors: Amounts falling due within one year**
Trade creditors
Accruals and deferred income|**Plant and**
**machinery**
**£**
34,574
8,340
(6,300)
36,614
8,922
(1,748)
4,254
11,428
25,186
25,652||**Office**
**equipment**
**£**
2,250
410
-
2,660
1,502
-
771
2,273
387
748
**2022**
**£**
2,891
7,000
20,000
29,891
**2022**
**£**
7,747
1,920
9,667|**Total**
**£**
36,824
8,750
(6,300)
39,274
10,424
(1,748)
5,025
13,701
25,573
26,400
**2021**
**£**
-
7,700
11,303|
|---|---|---|---|---|
|||||19,003|
|||||**2021**
**£**
-
1,920|
|||||1,920|
## **11 Debtors**
## **12 Creditors: Amounts falling due within one year**
Page 13
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **13 Related parties**
## **Controlling entity**
The charity is controlled by the trustees.
## **14 Analysis of funds**
|**General Funds**
Unrestricted income fund
**Restricted Funds**
Oglesby Trust
Green Recovery
Challenge Fund|**At 1 January**
**2022**
**£**
343,988
15,189
15,210
30,399
374,387|**Incoming**
**resources**
**£**
321,302
-
23,200
23,200
344,502|**Resources**
**expended**
**£**
(174,935)
(15,552)
(35,904)
(51,456)
(226,391)|**Transfers**
**£**
2,143
363
(2,506)
(2,143)
-|**At 31**
**December**
**2022**
**£**
492,498|
|---|---|---|---|---|---|
||||||-
-|
||||||-|
||||||492,498|
Oglesby Trust - contribution to Penrith and District Red Squirrel Group's upper eden valley conservation work.
Green Recovery Challenge Fund - government funding towards conservation project running November 2020 to March 2022.
Page 14
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **Prior period**
|**General Funds**
Unrestricted income fund
**Restricted Funds**
Betty Philips Charitable Trust
Mr Wills Trust
Fitton Trust
Oglesby Trust
Green Rcovery Challenge
Fund|**At 1**
**January**
**2021**
**£**
83,005
2,500
1,000
100
16,269
97,365
117,234
200,239|**Incoming**
**resources**
**£**
-
280,214
-
-
-
-
92,800
92,800
373,014|**Resources**
**expended**
**£**
(25,843)
-
-
-
(1,080)
(171,943)
(173,023)
(198,866)|**Transfers**
**£**
6,612
(2,500)
(1,000)
(100)
-
(3,012)
(6,612)
-|**At 31**
**December**
**2021**
**£**
343,988|
|---|---|---|---|---|---|
||||||-
-
-
15,189
15,210|
||||||30,399|
||||||374,387|
## **15 Transfers**
A transfer of £2,700 has been made from the Green Recovery Challenge restricted fund to unrestricted funds, this represents restricted funds received to purchase fixed assets. Once the assets were purchased the original restriction on the funds was met and the assets were then transferred to unrestricted funds, to reflect the fact they are unrestricted in use.
Transfers of £363 and £194 were made from unrestricted funds to the Oglesby Trust and Green Recovery Challange restricted funds respectively to fund deficits on these projects.
Page 15
**Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **16 Net assets by fund**
|Tangible assets
Current assets
Creditors: Amounts falling due within one year
Net assets|**Unrestricted**
**Funds**
**£**
25,573
476,592
(9,667)
492,498|**Total Funds**
**2022**
**£**
25,573
476,592
(9,667)
492,498|**Total Funds**
**2021**
**£**
26,400
349,907
(1,920)|
|---|---|---|---|
||||374,387|
## **Prior period**
|**Unrestricted**
**Funds**
**£**
Tangible assets
26,400
Current assets
319,508
Creditors: Amounts falling due within
one year
1,920
Net assets
343,988|**Restricted**
**Funds**
**£**
-
30,399
-
30,399|**Total Funds**
**2021**
**£**
26,400
349,907
(1,920)
374,387|**Total Funds**
**2020**
**£**
27,438
172,801
-|
|---|---|---|---|
||||200,239|
Page 16
## **Penrith District Red Squirrel Group**
**Registration number: 1117418 Annual Report and Financial Statements**
**31 December 2022**
## **Penrith District Red Squirrel Group**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' report|2|
|Trustees' responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8|
## **Penrith District Red Squirrel Group Reference and Administrative Details**
|**Charity name**|Penrith District Red|Squirrel Group|
|---|---|---|
|**Charity registration number**|1117418||
|**Principal office**|Celleron House||
||Tirril||
||PENRITH||
||CA10 2LS||
|**Registered office**|Celleron House||
||Tirril||
||PENRITH||
||CA10 2LS||
|**Trustees**|R C Benson, Chair||
||J Bailey|(Resigned 28 June 2022)|
||I Jack|(Resigned 25 June 2022)|
||J Moss||
||J Pettigrew||
||C J Bensaid|(Appointed 29 April 2022)|
|**Accountant**|Dodd & Co Limited||
||FIFTEEN Rosehill||
||Montgomery Way||
||Rosehill Estate||
||CARLISLE||
||CA1 2RW||
Page 1
## **Penrith District Red Squirrel Group**
## **Trustees' Report for the Year Ended 31 December 2022**
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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.
## **Structure, governance and management**
Trustees and officers for the period 1st January 2022 to 31st December 2022 were:
Robert Benson (Chairman), Julie Bailey (Treasurer – resigned on 28th June), Ian Jack – (resigned due to personal circumstances on 25th June), Jill Pettigrew (Secretary) and Christian Bensaid (appointed 29th April).
The Trustees are appointed by the existing Trustees, and all retire at the next AGM but can offer themselves for reappointment.
The governing document for the Group is the constitution adopted on 10th October 2006 and it is the Trustees who conduct the business of the Charitable Trust.
A series of Meetings were held throughout the year were held – 21st February, 21st April, 29th April, 7th June, 11th July (AGM),25th July, 7th September, 18th October, 27th October 14th November, 22nd November, 30th November ,5th December. Most meetings included Rangers and Supporters as well as Trustees. A repeat of the last 2 years of mainly remote meetings due to Corona Virus was not necessary.
## **Objectives and activities**
The Trustees continually seek to advance the objectives of the charity by promoting the preservation of the red squirrel in their natural habitat of Penrith District and their protection from extinction for the public benefit and to advance the education of the public and conduct research concerning the red squirrel population in the Penrith District and its endangered status.
In setting the objectives of the Charity, the Trustees have paid due regard to the Charity Commission guidance on public benefit.
## **Achievements and performance**
The main activities of the charity during the year can be summarised as follows:
- The normal promotion of red squirrel conservation throughout the Penrith District area resumed with little or no restriction after the pandemic the organisation of a number of activities including public
- 1. meetings, talks and attendance at shows. These highlighted the increasing plight of the red squirrel, and the risk to their existence posed by the non-native grey squirrel and the virus most greys carry.
- Increased promotion and publicity using a much improved and updated website, increased use of social
- 2. media. This includes encouraging the public to become members and/or volunteer and report both red and grey squirrel sightings.
- Obtaining funding from all possible sources including membership, sponsorship, sales of merchandise, including the sale of feeders made by the Rangers and donations plus a very welcome legacy received
- 3. during the year meant that the group continued to provide landscape grey control across the group area by agreeing annual 12 month contracts with professional trained rangers ( 4 full time and 2 part time ) augmented by a further full time ranger employed by Center Parcs, but working closely with the group.
- The group continued to benefit from the upgrade in equipment provided through the Green Recovery
- 4. Challenge Fund in 2020. Continued investment in cameras, thermal imagers is contributing greatly to the effectiveness and efficiency of the ranger team and its grey control work.
- The coordination of standardised squirrel data in 2022 shows that whilst red sightings remain good in
- 5. parts of the 622 square miles now covered by the group, the Trustees are very concerned by increasing grey squirrel numbers and loss of reds in part, probably to squirrel pox virus.
Page 2
Penrfth Distrfct Red Squirrel Group
Trust•es' Report forth¢ Year Ended 31 December 2022
Financial Review
Thè 1$188£ are plèased that Ihey have managed lo mainlain Tanger ccntracts. This positlcxl W3S tK)tssted by a
unexpectgj legacy CeIVed lats in 2022. They are h¢pwever very realistic and see that increased in¢om8 must be
found rf they a to coniinue ¥th the current level of grey control ovw Ihe nexi 3 or 4 years. However, the grey
situa1b really requires inueased ranger (ver. not m47intenance of the slatus qvo at)d trey are eoncemed that
this *ill not be w6siIAe tsnless intome is much inc*eased, dw.ie in¥esimeiit of the legacy *ith incTeased
tr*terest rates which will help but by rneans fill the gap.
Th8 Tru8tees hope lo rllaintain a rgs8rvg of E100.(KKI Iraise¢l £50.CKIO tn 20211 and thi5 will be reMBwed
every 6 rnonths. If overall funds are predicted to drcy below £150.000 then Tru5Lees 71rf11 con5id8r reducing
contra¢ts l() 6 monlhs or reduong ranger nurnbers.
Total rnGome for the year amounted to £344,502 ewendityre of £226.391 8rIg an overall surplus ol
£118,111. Al the year end there were urre5ti4(tsJ lund5 L4 £492.498 and restricted funds of £#il. Free reserves
We £466.925 at the Yar end.
Approved by the TN5tees 24 Juty 2023 an(S signed on trvir behair ty.
R C Benson
TnJ5tee
PagB 3
## **Penrith District Red Squirrel Group**
## **Trustees' Responsibilities in relation to the Financial Statements**
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- 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 financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection fraud and other irregularities.
Page 4
## **Independent Examiner's Report to the Trustees of**
## **Penrith District Red Squirrel Group**
I report on the accounts of the charity for the year ended 31 December 2022, which are set out on pages 6 to 16.
Your attention is to drawn to the fact that the Charity has prepared the financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.
## **Respective responsibilities of trustees and examiner**
The Charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act 2011; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 2011 Act
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**----- Start of picture text -----**
.........................................
**----- End of picture text -----**
......................................... Joanne Thomlinson FCA Dodd & Co Limited Chartered Accountants
FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW
24 July 2023
Page 5
## **Penrith District Red Squirrel Group**
## **Statement of Financial Activities for the Year Ended 31 December 2022**
|**Note**
**Income and endowments from:**
Donations and legacies
2
Other trading activities
3
Investments
4
Total income
**Expenditure on:**
Raising funds
Charitable activities
Total expenditure
Net incoming resources before transfers
**Transfers**
Gross transfers between funds
Net movements in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Funds**
**£**
284,786
36,516
-|**Restricted**
**Funds**
**£**
23,200
-
-|**Total Funds**
**2022**
**£**
307,986
36,516
-|**Total Funds**
**2021**
**£**
333,275
39,621
118|
|---|---|---|---|---|
||321,302|23,200|344,502|373,014|
||19,726
155,209|665
50,791|20,391
206,000|10,973
187,893|
||174,935|51,456|226,391|198,866|
||146,367
2,143|(28,256)
(2,143)|118,111
-|174,148
-|
||148,510
343,988|(30,399)
30,399|118,111
374,387|174,148
200,239|
||492,498|-|492,498|374,387|
The notes on pages 8 to 16 form an integral part of these financial statements.
Page 6
Penrfth Dlstrict Red Squirrnl Group
Balan¢¢ Sheet as at 31 December 2022
2022
2021
Notè
Fixed assets
Tangible 88S8ts
10
25.573
26,400
Current a550ts
Stocks wc*k in woJr858
Debtors
Cash at bank in hand
1.995
29.891
444.706
476.592
5,1
19.003
325.714
349.907
credito AMntS falling due wlthin
one ar
12
9.6671
11.920)
Net cuvrent as8eis
466,925
347,987
Net assets
492.498
374,387
Th• funds ol the ¢harity.
Restrlcted fund$
30,399
Unrestricted funds
Unr8Strictgd income fvnds
492.498
343,988
Total charity funds
The financial stsiements have been prepared in acoydance wlh Ihe Firxncial Rewrting Standard awliGable in
the UK ar Reputlic ol Ireland IFRS 1021.
492.498
374,387
Atfjroved by the Board on 24 July 2023 and sgned on its hav ty.
R C Benson
Trvstee
The notes on page5 8 to 16 fonn an intwJrAI part ofthe$8 finaniial slatements.
Page 7
**Penrith District Red Squirrel Group**
**Notes to the Financial Statements for the Year Ended 31 December 2022**
## **1 Accounting policies**
## **Statement of compliance**
The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
## **Basis of preparation**
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
These financial statements have been prepared on a going concern basis.
## **Fund accounting policy**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Further details of each fund are disclosed in note 14.
## **Income and endowments**
Donations and legacies including donations, legacies and grants that provide core funding or are of a general nature is recognised where there is entitlement, propability of receipt and the amount can be measured with sufficient reliability.
Income from Government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.
Shop income and income derived from events is recognised as earned (that is, as the related goods or services are provided).
Investment income is recognised on a receivable basis.
Page 8
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **Expenditure**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity 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.
Costs of raising funds are the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Fixed assets**
Individual fixed assets costing £100 or more are initially recorded at cost.
## **Depreciation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Plant and machinery 15% reducing balance Office equipment 33% straight line basis
## **Cash and Cash Equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Stock**
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.
Page 9
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **2 Donations and legacies**
|**Donations and legacies**
Legacies and bequests
Appeals and donations
Gift Aid tax reclaimed
Membership
**Grants**
Grants - other agencies|**Unrestricted**
**Funds**
**£**
200,000
45,935
7,773
31,078|**Restricted**
**Funds**
**£**
-
-
-
-|**Total Funds**
**2022**
**£**
200,000
45,935
7,773
31,078|**Total Funds**
**2021**
**£**
162,470
32,343
7,700
36,847|
|---|---|---|---|---|
||284,786
-|-
23,200|284,786
23,200|239,360
93,915|
||284,786|23,200|307,986|333,275|
Of the donations and legacies income in 2021 £240,475 related to unrestricted funds and £92,800 related to restricted funds.
## **3 Other trading activities**
|**Other trading activities**
Merchandise
Events
Raffle income
(Profit)/loss on sale of tangible fixed assets held
for charity's own use|**Unrestricted**
**Funds**
**£**
30,168
2,261
3,239
848|**Restricted**
**Funds**
**£**
-
-
-
-|**Total Funds**
**2022**
**£**
30,168
2,261
3,239
848|**Total Funds**
**2021**
**£**
38,593
858
170
-|
|---|---|---|---|---|
||36,516|-|36,516|39,621|
All of the other trading income in 2021 related to unrestricted funds.
## **4 Investments**
|Interest on cash deposits|**Unrestricted**
**Funds**
**£**
-|**Restricted**
**Funds**
**£**
-|**Total Funds**
**2022**
**£**
-|**Total Funds**
**2021**
**£**
118|
|---|---|---|---|---|
All of the investment income in 2021 related to unrestricted funds.
Page 10
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **5 Expenditure**
|**Direct costs**
Fundraising costs
Opening stock
Merchandise
Selling fees
Closing stock
Postage and carriage
Project costs
Staff training
Insurance
Equipment repairs and renewals
Computer software and maintenance costs
Printing, postage and stationery
Sundry expenses
Travel and subsistence
Advertising
Depreciation of plant and machinery
Depreciation of office equipment
**Support costs**
Accountancy fees
Independent examiner's fee
Bank charges|**Other**
**trading**
**activities**
**£**
303
5,190
15,350
108
(1,995)
1,435
-
-
-
-
-
-
-
-
-
-
-
20,391
-
-
-
-
20,391|**Charitable**
**activity**
**£**
-
-
-
-
-
-
187,037
90
1,962
2,203
706
88
469
205
4,248
4,254
771|**Total**
**2022**
**£**
303
5,190
15,350
108
(1,995)
1,435
187,037
90
1,962
2,203
706
88
469
205
4,248
4,254
771|**Total**
**2021**
**£**
-
1,500
13,354
430
(5,190)
879
171,719
560
1,250
83
120
308
35
1,102
5,691
4,344
751|
|---|---|---|---|---|
|||202,033|222,424|196,936|
|||3,209
600
158|3,209
600
158|1,320
600
10|
|||3,967|3,967|1,930|
|||206,000|226,391|198,866|
Of the expenditure in 2021 £25,843 related to unrestricted funds and £173,023 related to restricted funds.
## **6 Governance costs**
|Accountancy fees
Independent examiner's fee|**2022**
**£**
3,209
600
3,809|**2021**
**£**
1,320
600|
|---|---|---|
|||1,920|
Page 11
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **7 Trustees' remuneration and expenses**
During the year, J Bailey received payment for adminstration services for the charity of £28,920. This payment was made in accordance with the provisions in the governing document of the charity. J Bailey received no remuneration in her role as a trustee.
During the year, C J Bensaid received payment for ranger contractor work for the charity of £28,420. This payment was made in accordance with the provisions in the governing document of the charity. C J Bensaid receives no remuneration in his role as a trustee.
No trustees received any remuneration or were reimbursed for any expenses during the year.
Total donations from trustees in the year totalled £9,296.
## **8 Net incoming resources**
Net incoming resources is stated after charging/(crediting):
|Profit on disposal of tangible fixed assets
Depreciation of owned assets|**2022**
**£**
(848)
5,025|**2021**
**£**
-
5,095|
|---|---|---|
Page 12
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **9 Taxation**
The registered charity is exempt from taxation on income and gains.
## **10 Tangible fixed assets**
|**Cost**
As at 1 January 2022
Additions
Disposals
As at 31 December 2022
**Depreciation**
As at 1 January 2022
Eliminated on disposals
Charge for the year
As at 31 December 2022
**Net book value**
As at 31 December 2022
As at 31 December 2021
**Debtors**
Trade debtors
Other debtors
Prepayments and accrued income
**Creditors: Amounts falling due within one year**
Trade creditors
Accruals and deferred income|**Plant and**
**machinery**
**£**
34,574
8,340
(6,300)
36,614
8,922
(1,748)
4,254
11,428
25,186
25,652||**Office**
**equipment**
**£**
2,250
410
-
2,660
1,502
-
771
2,273
387
748
**2022**
**£**
2,891
7,000
20,000
29,891
**2022**
**£**
7,747
1,920
9,667|**Total**
**£**
36,824
8,750
(6,300)
39,274
10,424
(1,748)
5,025
13,701
25,573
26,400
**2021**
**£**
-
7,700
11,303|
|---|---|---|---|---|
|||||19,003|
|||||**2021**
**£**
-
1,920|
|||||1,920|
## **11 Debtors**
## **12 Creditors: Amounts falling due within one year**
Page 13
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **13 Related parties**
## **Controlling entity**
The charity is controlled by the trustees.
## **14 Analysis of funds**
|**General Funds**
Unrestricted income fund
**Restricted Funds**
Oglesby Trust
Green Recovery
Challenge Fund|**At 1 January**
**2022**
**£**
343,988
15,189
15,210
30,399
374,387|**Incoming**
**resources**
**£**
321,302
-
23,200
23,200
344,502|**Resources**
**expended**
**£**
(174,935)
(15,552)
(35,904)
(51,456)
(226,391)|**Transfers**
**£**
2,143
363
(2,506)
(2,143)
-|**At 31**
**December**
**2022**
**£**
492,498|
|---|---|---|---|---|---|
||||||-
-|
||||||-|
||||||492,498|
Oglesby Trust - contribution to Penrith and District Red Squirrel Group's upper eden valley conservation work.
Green Recovery Challenge Fund - government funding towards conservation project running November 2020 to March 2022.
Page 14
## **Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **Prior period**
|**General Funds**
Unrestricted income fund
**Restricted Funds**
Betty Philips Charitable Trust
Mr Wills Trust
Fitton Trust
Oglesby Trust
Green Rcovery Challenge
Fund|**At 1**
**January**
**2021**
**£**
83,005
2,500
1,000
100
16,269
97,365
117,234
200,239|**Incoming**
**resources**
**£**
-
280,214
-
-
-
-
92,800
92,800
373,014|**Resources**
**expended**
**£**
(25,843)
-
-
-
(1,080)
(171,943)
(173,023)
(198,866)|**Transfers**
**£**
6,612
(2,500)
(1,000)
(100)
-
(3,012)
(6,612)
-|**At 31**
**December**
**2021**
**£**
343,988|
|---|---|---|---|---|---|
||||||-
-
-
15,189
15,210|
||||||30,399|
||||||374,387|
## **15 Transfers**
A transfer of £2,700 has been made from the Green Recovery Challenge restricted fund to unrestricted funds, this represents restricted funds received to purchase fixed assets. Once the assets were purchased the original restriction on the funds was met and the assets were then transferred to unrestricted funds, to reflect the fact they are unrestricted in use.
Transfers of £363 and £194 were made from unrestricted funds to the Oglesby Trust and Green Recovery Challange restricted funds respectively to fund deficits on these projects.
Page 15
**Penrith District Red Squirrel Group**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
_......... continued_
## **16 Net assets by fund**
|Tangible assets
Current assets
Creditors: Amounts falling due within one year
Net assets|**Unrestricted**
**Funds**
**£**
25,573
476,592
(9,667)
492,498|**Total Funds**
**2022**
**£**
25,573
476,592
(9,667)
492,498|**Total Funds**
**2021**
**£**
26,400
349,907
(1,920)|
|---|---|---|---|
||||374,387|
## **Prior period**
|**Unrestricted**
**Funds**
**£**
Tangible assets
26,400
Current assets
319,508
Creditors: Amounts falling due within
one year
1,920
Net assets
343,988|**Restricted**
**Funds**
**£**
-
30,399
-
30,399|**Total Funds**
**2021**
**£**
26,400
349,907
(1,920)
374,387|**Total Funds**
**2020**
**£**
27,438
172,801
-|
|---|---|---|---|
||||200,239|
Page 16