CORNWALL BIRDWATCHING & PRESERVATION SOCIETY LIMITED BY GUARANTEE REGISTERED CHARITY No 1144724 COMPANY NO. 7839617 UNAUDITED FINANCIAL STATEMENTS FORT YEAR ENDED 31st December 2023 WHITAKERS CHARTERED ACCOUNTANTS NEWQUAY
Page 1 CORNWALL BIRDWATCHING & PRESERVATION SOCIETY DIRECTORS REPORT FOR THE YEAR ENDED 31st D r 2023 Cornwall Bird Watching & Preservation Society Limited by Guarantee was incorporated on 8 Novernber 2011. Wlth effect from 1 January 2012 the company took over the assets and undertaking of the unincorporated body known as Cornwall Bird Watching & Preservation Society. The original Charity was eslablished in 1931 and is registed charity no. 255899. The incorporated Society was ent8red on the Regi5t8r of Charitie5 on 18 November 2011 as no. 1144724. Objectives The Society exists to further the stLtdy of birds and assisl in Ihoir preservation and conservation, The charity publishes an annual omithological study Birds in Cornwall, a qUarterY magazine Palores and maintains a website www.cbwps.org.uk. The Society owns. or jointly owns, four n8tuie re5etve5. Revlew of Aetlvltles The AGM saw 8 significant Board reshuffle with new Chair, Bruce Taggart,. Vice Chalr, Peter Roseveare.. Publicity Officer. Rowena Castillo- Nicholls and laler changes lo the Secretary Dan Bloomfield". with the addition of 8 Board Secretary, Adrian Lea and Ecology Officer David Collins,we feel has irnproved the effectiveness of the Society. One of Ihe main objectives has been lo promote better links with other conservation organisations and the mernbership. Bob Bosisto, the Bird Recorder has built a strong team of volunteers to rnainlain the daily bird news page that attracts many visit015 and is kwdely appreciated. Together with inereased Social Media presence, and the recent addition ol on line membership, recruitment has seen a drarnatic increase in membership in 2023. Membership relenlion MaInS hinh Bi-rnonlhly in person board meetings have been well attènded. The inclusion of an Action point Sheet has enabled action5 to be tracked mtsre efficiently. On our ieserves we were able to improve acces5 to the Middle Amble hide and slow progress was made on the Siting of hide at Maer Lake. Planning restrictions required further work to be done on water levèls and a consultant has been brought in to work on this. Unfortunately access lo Loveny at Collilord remains re51ricled bLJt we are continuing to work with Southwest Lakes Trust to seek a solution. Marsh Hariiers bred at Middle Amble for the first time. The 2021 bird report (Birds in Cornwall) wa5 publisl>ed and distributed to members Idigitally and as a hard copy) and good progress is also being made on the 2022 ret)ort. Thanks to Phil and Hilary and their editorial team for another excellent publication. The members quarterly newsleller Palores was well received. and tnore members are opting to lake it in pdf lotmal thu5 reducing postage costs. The introducb.on of a quarterly Mailchimp e- news further improves communication with rllembers Cases of Avian Flu continued lo appear but not so dramalically a5 in 2022. There had not been major decreases in seabird colonies as witnessed in other parts of the country. The events programme has slowly built up and the fe forrnation of the Comwall RSPB group we hope lo collaborate on future outings. Events worthy of mention are the regular Camel Trail walks. a new series of Gentle Birding walks in Truro aimed at less able members and New members meeting designed to encour8ge new members lo gel more involved. The Directors of the Society constantly review the major risks to which the Charity may be exposed and proceduros are adopted or adapted to miligale identified risks.
Page 2 CORNWALL BIRDWATCHING & PRESERVATION SOCIETY DIRECTORS REPORT FOR THE YEAR ENDED er 2023 Financlal Revlew The Society continued to support its key activities financially. Financial reserves are held in order to ensure that in the short term income fluctuations do not disrupt the continuity of the Sociely's main activities. These activities were and continue to be.. The publication of "Birds in Cornwall" b. The publication of the quarterly mag8zine"Palores" c. Enhancement of the Society's website. d. The continuing management for consetvation of our nature reserves. The Societrfs policy is to hold funds sufficient to cover one year's general running costs and Iwo years, costs for the continuing managemènt for conservation of the Society's nature reserves. In addition, the Society should seek to hold lund5 sufficient to take advantage of future opportunities to purchase additional nature reserves. The soCtY continues lo maintain sufficient lunds lo rneet the publication and distribution costs of all outstanding issues of 'Birds in Cornwall" as well as rnainlaining financi81 resewve5 to meet planned conservation costs. The Directors review financial reserves on an annual basis against current policy and in the light of current ¢1Urn51anCes. The Iinancial reserves from all funds at 31st December 2023 were £206.455 as shown in note 11 of the Societls accounts. The Directors are of the opinion that this sum falls within the agreed policies ol the Society.
Page 3 CORNWALL BIRDWATCHING & PRESERVATION SOCIETY DIRECTORS REPORT FOR THE YEAR ENDED 31st December2 Directtsr The Directors who Seed during the year were.. 8 J Taggart P Roseveare Ch8irm8n Vice Chairman J R Howells N J Watmough D A Bloomfield Secretary l Trusteè Secretary l Trustee Secretary Treasufer Resigned 21st May 2023 Appointed 5th Dember 2023 S J Ashby AMLea Board Secretary Trustee Appointed 5th December 2023 D K Parker A C Blunden Conservation Officer P Taylor D R Collins Editor Birds in Cornwall Trustee J L Goodair Membership Secretary Webrnasler M Grantham C Mason Trusteè B Bosislo County Recorder Publicity Officei R Castillo-Nicholls Appoinled 1st August 2023 Addre55 lor Corres ondence CBWPS ¢10 1 Retyn Bain, Summercourt, Newquay, TR8 5DE Inde endenl Examiner Mr S G Hawkey of Whitakers, Bryndon House. 517 Berry R08d, Newquay TR7 1A0. Bankers CAF Bank Litnited Bruce Taggart Ichairrnan) On behalf ol the Board Oaled.. 29th June 2024
Page 4 CORNWALL BIRDWATCHING & PRESERVAnON SOCIETY REGISTERED CHARITY No 1144724 INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE CORNWALL BIRDWATCHING AND PRESERVATION SOCIETY I report on the financlal $lalemenls of the Society for the year ended 31st December 2023 which are set out on pages 5 to 10. Respective responsibilities of Trustees and Examiner The trustees {who a also the directors of the company for the purposes of cornpany lawl are responsible lor the preparation of Ihe accounts. The charills trustee5 considèr that an audit is not required for this year under section 144121 of the Charitie5 Act 2011 (thè 2011 Act) and that an independent examination is needed. Having salisfied myself that the charity is not subject lo audit unrJer Part 16 of the Companies Act 2006 and is eligible for independent examinab"on, It is my responsibility to". examine the accounts under Section 145 of the 2011 Act., lo follow the procedures laid down in the General Directions given by the Charity Commission (under Section 14515llbl of the 2011 Act". and lo slate whether particular matters have Come to my attention. Basis of Independent Examiners. Stsfrment y examination was carried out in accordance with the General Directsons given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. 11 also includes corssideration ol any unusual items or disclosurès in the accounts, and seeking explanations from the 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 lo whether the accounts present a true and fair view and the report is limited to those matters sel out in the 5tstement below. Independent Examiner's Statement In connection wth my examination, no matter has eoma to my attention.. 1. which give5 me reasonable cause to believe that, in any material respect. the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006, and to prÈparÈ 8eeounts which accord with the accounting records, Comply with the accounting requirements ol the Companies Act 2006 and with the methods and principles of the Statement of Recommended Praclice. Accounting and Reporting by Charities Irevi5gd 20051 have not been met, or 2. to which. in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts lo be reached. S. G. HAWKEY F.C.A WHITAKERS Chartered Accountants Sri 8erry Road Newquay Cornwall Dated.. '1014-
Page S NW LL BIRDWATCHING & PRESERVATION SOCIETY STATEMENT OF FINANCIAL ACTWITIES FOR TH YEAR E r202 Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Unrestricted Restricted Funds Fund5 2022 2022 Total Funds 2022 Not8$ Inrome Income from generatsd funds Membership Subscriptions Legacie5 & Donation5 A¢tivili&s lorgeAl$fftting funds.. High Level Stewardship- Walmsley Invgstmfjnl incoffle." Interest Receivable Income frorn charitable activitie8 Sale of publications. advertising & keys 24,999 1.802 24,999 6.010 20,923 12,079 20,923 12.379 4.208 3(X) 4148 4.148 906 9C6 990 3,252 3,252 Total Income 31.938 4.208 36.146 37,160 300 37.460 Expenditure Costs of raising fund$ osts of generating voluntary income Charitable activities linc Reserve managem8nti 736 736 546 546 31,501 3,891 3S,191 23,552 1,998 25,550 Totsl Re$our¢es Expended 32,237 3,691 35.928 24,098 1,998 26.096 Net Incoming re50urcgs for the year 12981 517 219 13.(b2 11.8981 11,364 Net movement In funds 12981 517 219 13,C62 11,6981 11,364 Transfers betwevn fund$ 12981 517 219 13.C62 11.6981 11,364 Recoticiliation of Funds Total funds brought forward 2022 Adjustment Imembership Sec Petiy Cash RoLtndlng Adlustment 192.487 -88 13,833 206,320 179.425 15.531 194,956 Total funds carried forward 192,104 14,350 206,454 192.487 13,833 206,320
Pago 6 CORNWALL BIRDWATCHING & PRESERVATION SOCIETY BALANCE SHEET AS AT 315t Oecember 2023 2023 2Q22 Note5 FIXED ASSET5 Tanglblo Assets 92.386 93,171 CURRENT ASSETS Debtors and Prepayments Cash ai Bank and in hand 4,4S6 113,635 3.139 118.092 117.950 TOTAL ASSETS 210.478 CURRENT LIABILITIES- Arnounts falllny due withln one year Subscriptions in Advance Creditors and Awtus 3.979 3,441 1.360 £D23 4.801 NET CURRENT ASSETS 11£069 113,149 TOTAL NET ASSETS £ 206.455 £ 206.320 REPRESENTED BY Unre51rKted FU15 AGCUtnulaled Fund De&gnaied Funds 10 98,214 9J,891 99.596 92.091 192.105 192.487 Resldci8d Fund5 14,350 13.833 £ 206,455 £ 2(NS.320 The company is enblled to emptIOn from audit under Sectlon 477 oflheCompanie5 Acl 2D06 fortheye8rended 31st Derner2O23. The members ha¥e nol reouSred the cTrmpanylo obtain an audit of it5 finanrAal staleinenls for ihe yearended 3151 December 2023 in accordance whlh Secibn 476 of Ihe Cornpanies Acl 2006. director5 8cknovAedge Ihwr responsibilrfies for.. al ensuring Ih31 Ihe company keep5 accounting recDrds whrth complywih Section5 366 and of ihp Companrds Act 2006 ond bl preparing financial 51alemen15 which gwe a Irue and latr Viewol Ihe siale ol affair5 of the company as ai Ihe end of each finanual yèar and ol ils movement in funds foreach financial year In accordan Mlh the requirements of Secllons 394 and 395 and which otheNéi$È complywlh Ihe requirerfnts of the CompaDE$A¢l 2W6 relab.ng to financAal Statements. so far 35 8pplicab]e lo the company. The financial 5talemeThts have been prepared in accordance vhih the wo¥ish)ns applicable lo small companies subject 10 small eomp8nies regime and in accordan vAlh FRS 102 SORP. Approved by the Board of Dirnclors.. B Taggart $ J Ashby Daied. 291h June 2024
Page 7 CORNWALL BIRDWATCHING & PRESERVATION SOCIETY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31st December 2023 2023 2022 Cash from operating activities - see[1] 15,2351 11.809 Cash flows from investing activities Interest Income 4,148 906 Ca$h provided by investing activities 4,148 IncreasellDecreasel in cash and cash equivalents in the year 1,088 12,715 Cash and cash equivalents al the beginning of the year 114,723 102.096 Total cash and cash equivalents at the end of the year corCtIon of 2022 error (Membership secretary petty cashl 113,635 114.811 -88 114.723 Reconciliation of net movement In funds to net cash from o eratin actlvities 2023 2022 Nel movement in funds IlncreasellDecrease in Fixed Assets Add back depreciation charge Deduct interest shown in investing activities IlncreasellDecrease in debtors Incre8sellDecasel in creditors Rounding Adjustment Net cash from opgrating activities 219 11,364 (6901 1.569 19061 15161 988 785 14.148} 11,3181 1778} 5,2351 11.809
Pagtr 8 CORNWALL BIROWATCHING & PRESERVATION SOCIETY YEAR ENDED December2023 1. ACCOUNMNG POLICIES •. Gerjernl The finarKSal siaiemènis have been prepared underthe hisiorical cost con¥eMion and Sn accordance wllh applkatrAeAccounting Siandards and the Stalernenl ofRecommended Practi on Attounling by Charit5. b. Depreciatio DewecialK)D of assets held for Use by ihe charity 15 calculal8d on the 51raighl lille basLs al the following rates based on the eslimaled usefvl life of Ihose fixed gssets as follow5. General Equipment per annum Computer Equipfflenl 33 113 % pef annutn V1evAng Equipment 10% per 8nDum Hides 10trA per annum Freehald Reserve5 None Cash at bdnk and In han Cash ai b8nk arbd in hand irLlude8 cash and shori teim depOts vllh a short m8lurltyof 30 days orless. d. Subs¢rlpison$ Sub$GrIp0s are recounised in the p2riod lo whKh ihey rdale. except fLY svbscriptw)n5 for lrfe membprship whth are amortised over 15 10 20 years *. Unre$trlctfrd Fvndg Unie51riGled funds are grants and Other incoming r8sourc8s receiv88 oroeneraied for the objec15 of Ihe chartywitfvoui turiherspeufied purpose ar are availabie as genernl funds. f. Generdl DeBignated Funds Designaled lund5 are unreslricled funds earmarked bythTststS for parr purpose8. The use of stKh funds Is al Ihe Tru5tees' discretK)n. g. Fvtrehold Property Dèslgnatsd Fumd8 The FreehoKI Property deggnaled fund represents the amount of unrestricted fund5 invesied in freehok1 property h. Restricted Funds Restr184 funds are lo be used for sp8&fic purposes as laid by the donor. Expenditure whith meets ihese ciileria charged lo Ihp fund. gelherwiih 8 fwr allocab.oll of suppori cos15. 2. MEMBERSHIP SLI8SCRIPTIONS 2023 2022 Annual Metnbership Lif2 Membetship Gift 21.008 17.698 362 317 3,fj29 2.908 £ 24,999 £ 20,923 3. LEGACIES & DONATIONS Unre$trl¢tod Restrl¢ted Fund5 Funds 2023 Totsi Unresi{ed Resiricied Funds Funds 2022 Total Legac5 FIPL 88rn Qwl Projecl FIPL P8ymenl owing Seabird Grani- Gull Ringi Donaiions 10.013 10,013 2,468 506 532 Yoo 4.208 2,468 508 $32 2,502 6,010 1.802 1,802 300 300 2,366 12,379 12,079
Paye 9 LL BIRDWATCHING 8 PRESERVATION SOCIETY NANC TA NOED 4. INCOMING RESOVRCES FROM CHARITABLE ACTIVITIES Unr•$lrf¢tgd Rgslrlctod Funds Funds ZD23 Totsl Unrestricted Restr18 Funds Fun¢5 20 Tol Sale of Birds in Comwall. and Library Stock 58le ol Hide Keys Sale ol adverbsiw space Data S31e5 Svrfries ConfererKe Sales 367 603 559 1000 900 $59 603 21 990 £ 21 990 £ 793 3.252 E 3.252 S. COSTS OF GENERATING VOLUNTARY INCOME 2023 2022 Pos& Slabonery & Printsng {Membership Packs elGI 363 373 736 £ 246 Y6 6. CHARITABLE ACTIVITIES Unrestricted Rpstricted Funds Fund5 2023 Total Unreslricied Reslncled Funds Funds 20 Tot91 Puyisfyno & priniing"Wrds in Comvjall. PulShIg & printing 'Palore5" oistributi (all publicabon$l PubliGily IAd¥eriising ¢servation ProieGts- Barn 5.765 2,009 5.682 745 5,765 2,809 5.682 745 2.6BB 5.322 2.734 4.999 196 5,3 2,734 4,999 2,698 55 ss Victof simps PTrze Speake Reserve Managprnent Expenses.. W¥lms* San¢tuary Middle Arnbltr Sanctuary Maer Lgke Windmill Dirft Lw Tarnar Lake Cirl Buntings Slithian5 biid food elc Malin8 Survey Othèr Waknsley Hide Keys Insuian¢e Zooml Mailchirrp Subscripiien LinCe- Devoran Creek LInCe3- Website & Softwa Website Devehpmpnl Depreciaiion of tools Depre¢iaiion of vievéing ulptent Deprecialion of hides Member Welfare Owng 10 Membership Secielary Conlerence C0515 Rounding Adwslmenl tsoverrbance costs Inoie 71 222 222 296 B,9B2 261 157 657 9,139 1,884 1.884 32 120 452 32 120 586 40 39 111 40 39 107 157 107 157 655 93 197 1.992 284 60 1.027 99 199 655 93 197 1.992 264 50 1,027 99 199 604 1.932 144 50 260 2.908 268 1,932 144 50 260 2,908 586 586 1.301 128 1,301 128 800 1,537 È 31,501 E 1.071 3,691 £ 35191 £ 23.552 £ 1.071 1.998 £ 24.8 7. GOVERWINCE COSTS 2023 20 Meeting rootn hire and costs 90 13 297 Legal lees Bank charges AGM Expenses Accountsncy 309 658 467 £1,537 $60
Page10 CORNWALL BIRDWATCHING & PRESERVATION SOCIE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st Dec 8. FIXED ASSETS FREEHOLD WEWING LAND EQUIPMENT TOOLS HIDES TOTAL C05t at beginning of year Additions during year Cost as at 31112123 92,004 1,286 3,e11 13,010 109,911 92,004 1,286 3,611 13.010 109,911 Depreciation al beginning of year Provision for year Depreciation al 31112123 1,286 3,030 199 3,229 12.424 586 13.010 16,740 785 17,525 1,286 Net Book Value 31112122 £ 92,004 581 £ 93,171 Net Book Value 31112123 £ 92.004 362 £ 92.386 9. RESTRICTED FUNDS Balance 31112122 Incoming Resources Balance 31112123 Expenditure Maei Lake Wvelland Nalural History Museum-OPAL icsdle Amble Hide Drift Walm51ey Roy Phillips Gull Riwing Barn Owl Proj8GI 11,710 230 157 11.710 230 157 421 1,OCKJ 700 361 760 1,000 47 603 14,35 532 2,976 £ 4,208 485 2.fj88 £ 3.691 315 13,833 10. UNRESTRICTED FUNDS Balanco 311122 Incoming Resources Balan¢¢ 3t112123 Expenditure Designated Fund5 Freehold Property Nightjars Victor Simpson Prize Unde$ignated Funds Accumulated Fund Rounding Adju51rnent 2022 Adjustment (membership $e¢retary owing) 92.004 92,004 1.000 887 1,000 887 99,596 12981 1,000 98.298 88 £ 1,088 1881 £ 192,1CIS £ 192.487 706 f1. FUNDS ALLOGATION Unrestri¢led Funds Restricted Funds Totsl Funds Fixed Assels Net Current Assets Total Net Assets at 31st December 2023 92.386 99.719 £192.105 92,386 t14,069 £ 206,455 14,350 £ 14,350 12. DIRECTORS. REMUNERATION AND EXPENSES 2023 2022 Reimbursemenl of costs and expenses paid on behalf of the Society There are no Difftclors, remunerats.on or travel expenses 4.392 891 13. RELATED PARTIES None