CORNWALL BIRD WATCHING & PRESERVATION SOCIETY LIMITED BY GUARANTEE REGISTERED CHARITY No 1144724 COMPANY NO. 7839617 UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2024 WHITAKERS CHARTERED ACCOUNTANTS NEWQUAY
Page 1 CORNWALL BIRDWATCHING & PRESERVATION SOCIETY DIRECTORS REPORT FOR THE YEAR ENDED 31st December 2024 Cornwall Bird Watching & Preservation Society Limited by Guarantee was incorporated on 8 November 2011. With 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 established in 1931 and is registered charity no. 255899. The incorporated Society was entered on the Register of Charities on 18 November 2011 as no. 1144724. Objectives The Society exists to further the study of birds and assist in their preservation and conservation. The charity publishes an annual ornithological study Birds in Cornwall, a quarterly magazine Palores and maintain5 a website www.cbwps.org.uk. The Society owns, orjointly owns, four nature reserves. Review of Activities With the challenges of the pandemic well behind us, 2024 saw the Society continue to flourish under the direction of a dedicated board of trustees. Paid up Membership at the end of the year stood at 1197, with 167 new members recruited and good retention. This helped pul the Society on a sound financial fooling, which was further enhan¢ed with sizeable legacy. Communication with the membership was improved through regular eNews updates in addition to the popular quarteTIy magazine'Palores'. We entered into the world of e-commerce selling branded merchandise to promote CoTnwall Birds. The Bird Report for 2022 was published and the 2023 report is progressing well. The daily updaled Bird News page on the website received many hundreds of views and our social media channels increased their following month on monlh. (Facebook group increased from 4785 to 7380 belween January and November). Social media has its drawbacks. none more so than the spreading of the locations of rare breeding species but these were moderated and the positive inputs OUel9hed the negalives. Thè Society recognised the need for storage space to house, display malerials, books. archive bird reports, papers el and purchased a lock-up garage in Truro. With added shelving it is now a valuable asset. Our reseNes continued to be a popular attraction, and on going maintenance saw the re-roofing of bird hides at Walmsley Sanctuary and Stithians Reservoir. At Maer Lake the long-running issues surrounding the location of a new bird hide neared conclusion and il is hoped to build this in 2025. Links with outside groups was strengthened. The Society became an associated member of Cornwall Wildlife Trust gaining access to their administrative support eg training programmes. We also joined an online Bird Club forum where like minded groups regularly shared information and discussion. The Society subscribed to the Charity Excellence framework that was useful in providing guidance on policies and funding and teamed up with Falmouth School of Art lo produce merchandise designs. Additionally the Society was represented on several local nature conservation bodies contributing our the bird knowledge to the wider sphere of wildlife conservation in Cornwall. Volunteer recruitment is one of the challenges facing many voluntary organisations. and Ihis was mirrored within the Society. There were two vacant Officer positions at the end of 2024, Field meetings and Youlh Engagement which has meanl that we haven't been able to fully develop these areas of our work. The trustees and directors meet in person bi-monthly to ensure the smooth running of the Society and ensure procedures are in place to mitigate any identified risks to the charity.
Page 2 CORNWALL BIRDWATCHING & PRESERVATION SOCIETY DIRECTORS REPORT FOR THE YEAR ENDED 31st December 2024 Flnancial Reviow 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 Society's main activities. These activities were and continue to be.. a. The publication of "Birds in Cornwall" b. The publication of the quarterly magazine "Palores" c. Enhancement of the Societ5 website. d. The continuing management for conservation of our nature reserves. The Society's policy is to hold funds sufficient to cover one yeals general running cosls and Iwo year5, cosls for the continuing management for conseNation of the Society's nature reserves. In addition. the Society should seek to hold funds sufficient to take advanlage of future opportunities to purchase additional nature reserves. The Society continues to maintain sufficient funds to meet the publication and distribution costs of all outstanding issues of "Birds in Cornwall" as well as maintaining financial reseNes lo meel planned conservation costs. The Director5 review financial reserves on an annual basis against current policy and in the light of current circumstances. The financial reserves from all funds at 31st December 2024 were £259,597 as shown in note 11 of the Societys aGGounts. The Directors are of the opinion that this sum falls within the agreed policies of the Society.
Page 3 CORNWALL BIRDWATCHING & PRESERVATION SOCIETY DIRECTORS REPORT FOR THE YEAR ENDED 31st December 2024 Directors The Directors who served during the year were.. B J Taggart P Roseveare Chairman Vice Chairman Secretary l Trustee Secretary Treasurer N J Watmough D A Bloomfield S J Ashby AMLea Board Secretary Trustee D K Parker A C Blunden Conservation Officer Edilor Birds in Cornwall P Taylor D R Collins Trustee J L Goodair Membership Secretary Webmaster Trustee M Grantham C Mason B Bosisto County Recorder Publicity Officer R Castillo¥Nicholls Addres for Corres ondence CBWPS Glo 1 Retyn Barn, Summercourt, Newquay, TR8 5DE Inde endent Examiner Mr S G Hawkey of Whitakers, Bryndon House, sn Bery Road, Newquay TR7 1AD. Bankers CAF Bank Limited Bruce Taggart (Chairman) On behalf of the Board Dated.. 28th June 2025
Pagg 4 CORNWALL BIRDWATCHING & PRESERVATION SOCIETY REGISTERED CHARITY No 1144724 INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE CORNWALL BIRDWATCHING AND PRESERVATION SOCIETY I report on the financial statements of the SoGiety for the year ended 31st December 2024 whiGh are sel out on pages 5 to 10. Respective responsibilitles of Trustees and Examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's 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. Having satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is eligible for independent examination, it is my responsibility to.. examine the accounts under Seclion 145 of the 2011 Act; lo follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145{5){b) of the 2011 Act-, and to stale whether particular matters have Come to my attention. Basis of Independant Examinorn. Ststement My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examinalion includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Irustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenlly no opinion is given as to whether the accounts present a true and fair view and the report is limited lo those malters set out in the slalement below. Independent Examlnerfs 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 386 of the Companies Act 2006. and to prepare accounts which accord with the accounting records. comply with the accounting requirements of Ihe Companies Act 2006 and with the methods and principles ofthe Statement of Recommended Pra¢tice'. Accounting and Reporting by Charities (revised 2005) have nol been met. or 2. lo which, in my opinion, attention should be drawn in Order to enable a proper understanding of the accounts to be reached. .. S.Fkn WHITAKERS Chartered Accountants 517 Berry Road Newquay Comwall Dated.. 22T 2cJz£
Page 5 RNWALL BIRDWATCHING & PRESERVATION S CIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st December 2024 Unrestricted Restrictsd Funds Funds 2024 2024 Totsl Funds 2024 Unrestricted Restricted Funds Funds 2023 2023 Total Funds 2023 Notes Income Income from gengratsd funds Membership Subscriptions Legacies & Donations Activili&s for g9neraling funds.. High Level Stewardship- Walmsley Investm8nl incoma.- Interest Receivabl8 Incorne from charltable actlvlties Sale of publications, advertising & key8 27.095 48,258 27,095 48.958 24.999 1.802 24,999 6,010 700 4.208 5811 5.811 4148 4,148 1.897 1,897 990 990 Total In¢omg 83.061 700 83,761 31,938 4,208 36,146 Expenditur• Costs of raising funds Costs of generating voluntary income Charitsble activities {inc Reservo mana9ementi 1.489 1,489 736 736 27,612 1,531 29,143 31.501 3,691 35,191 Total Resources Expended 29,101 1,531 30.632 32,237 3,691 35,928 Net Incoming re80urce8 for thg ygar 53,960 18311 53.129 {298} 517 219 Net movornonl in funds 53.960 {8311 53,129 12981 517 219 Tran8fer8 botWOgn funds 53,960 (831) 63.129 12981 517 219 Reconciliation of Fund8 Total funds brought forward 2022 Adjustment (membership Sec Pety Cash Roundlng Adju$trnont 192,104 14.350 206,454 192,487 -88 13,833 206,320 -88 Totsl fund$ carriod fovward 246,060 13.519 259.579 192,104 14,350 206.454
Pag• 6 CORNWALL BIRDWATCHING PRESERVATION S CIE BALANCE SHEET AS AT 31•t De¢ernber 2024 2024 2023 Notes FIXED ASSETS Tanglbl• A8$ets 109.187 92,386 CURRENT ASSETS Debtors and PpaYMnts Cash at Bank and In hand 4.278 150.798 4,456 113.635 1SS.076 118,092 TOTAL ASSETS 264.263 CURRENT LIABILITIES.. Amounts falllng Ilug wlthln one year Subscriptions in Advanc¢ Creditors and Accruals 3.694 1.090 3,979 44 4.684 4,023 NET CURRENT ASSETS 160.392 114,Cfj9 TOTAL NET ASSETS E 269,579 £ 206,455 REPRESENTED BY Unrestricted Funds Accumulated Fund Designated Funds 10 135.319 110.741 98,214 93.891 246,060 192,105 Restricted Funds 13.519 14,350 £ 269,579 £ 206,455 The CLJrnpany is entitled to &xemptlon from au¢Jlt untjer Section 477 of the Companies Act 2006 for the year ended 3151 December 2024. The Members have not requlre(1 thg company to obtsin an audit of Its finanaal ststements for the year ended 31st De¢ernber 2024 in accordance th Se¢tlon 476 01 the Companies Act 2006. The directors acknowledge their re8pon8lbile6 for.. al ensuring Ihal the company keeps accounting records which cornpty with Sectlons 386 and 387 ofthe Companles Act 2008 and bl preparing finanGial statement5 which give a Irue and fair view of the stste of affairs of the company as at Ihe end of each financial year and of ils mtsvement in funds for each financial year in accordance with the requirements of Sections 394 and 395 and which Othe&S$ ¢omply ¥h the requirements ol Ihtr Companies Act 2006 relating lo financial slalements, so far as applicable to the company. Tho financial statements havo been prepar9d In accordance vAlh the provisions applicable to sm811 companie5 subject lo sm811 companigs reglme and in oc¢tsrd8n¢e with FRS 102 SORP. Approve¢ by the Board Dire¢tors.' B Tagyart S J Ashby Dalpd.. 28th June 2025
Page 7 CORNWALL BIRDWATCHING & PRESERVATION SOCIETY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31st December 2024 2024 2023 Cash from operating actlvities - see[1J 31,351 (5,235) Cash flows from investing activities Interest Income 5,811 4,148 Cash provlded by investlng actlvities 5,811 4,148 Increasel(Decrease) in cash and cash equivalents in the year 37,162 (1,087) Cash and cash equivalents at the beginning of the year 113,636 114,723 Total cash and cash equlvalents at the end of the year 150,798 113,636 Reconciliation of net movement in funds to net cash from o eratin actlvities 2024 2023 Net movement in funds {Increase)IDecrease in Fixed Assets Add back depreciation charge Deduct interest shown in investing activities (Increase)IDecrease in debtors Increasel(Decrease) in creditors Rounding Adjustment Net cash from operating actlvitles 53,129 (17,000) 199 (5.811) 178 661 (51 31,351 219 785 (4,148) (1,318) (778) (5,235)
Page B CORNWALL BIRDWATCHING & PRESERVATION SOCIETY TE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st December 2024 1. ACCOUNTING POLICIES a. G•noral The financial statements have been prepared under ihe historical cost convention and in accordance with applicable Accounting Standards and the Staternent of Recommend8<1 Practice on Accounng by Charities. b. Doprnclatlon Depreu81Son of fixed asset5 held for usa by the charlty is Calculated oft the straight line basi5 at the following rales based on the estimated usofvl life of those fixed a55ets as follows.. General Equipment 10% per annum Computer Equipment 33 113 Y¢ per 8nnum Viewino Equipmont 10¥0 per annum Hides 10'h per annum Freehold Reserves None c. Cash at bank and In hand Cash al bank and in hand indude5 cash and short term deposlts wlh a short malurfty of 30 d3ys or les8. d. Sub8crlptlon6 Subscriptions are recognised in the riod to which they relatfj. 8xpt for $ubs¢rfpllons for life membership which are amortised over 15 to 20 years Unr•strlct•d Fund¥ Unrestricted fvnd5 are grants and other in¢omlng resource5 receivable or generaled for the oblKts of thg ¢harlty ¥thOut further spetyfed wrpose and are availabl& as g&ngral funds. f. Gèneral Deslgnatgd Fund• Designated lunds are unreslrfcted funds earmarked by thg Trusie8$ for partlcular purposes. The use of such funds is al the Trustees, disuelS9n. g. Freehold Property D•819nated Fund• The Freehold Property d9$ignalerJ fund preSentS the arnount of unrestrf¢ted funds Invested in fehol1j proFerty h. R•strl¢t•d Fund• Reslricied funds are lo be used tor $pe¢ific purposes as laid down by the donor. EKP9ndllure which meets these ¢rileria Ss ¢h8rged to the fvnd, together wilh a fair allo¢aUon of supwrt costs. 2. MEMBERSHIP SUBSCRIPTIONS 2024 2023 Annual MembershSp Life Membership Gift Aid 23,022 21.008 385 362 3,688 3,629 £ 27.095 £ 24.999 3. LEGACIES & DONATIONS Unretstrlcted Restrlcted Funds Funds 2024 Total Unre$lrictgd Rostric Funds Funds 2023 Tolal LegacS8s FIPL Barn Owl Project FIPL Payment owlng Seabird Grant- Gull Ringing Donations 46.775 46.775 2,468 508 532 700 4.208 2,468 508 532 2,502 8,010 700 700 1,483 48.958 1.483 48,258 1,802 1.802 700
Page 9 CORNWA L BIROWATCH TION 50CI OTES TO THE FINANCIAL TATEMENT RTH R ENDED 31 t mb•r 2024 4. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Unrestrlcted Re8trtct•d Funds Funds 2024 Total Unrestncted Restricted Funds Funds 2023 Tgtal Sale ol"Birds in Comwall" and Library Stock Sale ol Hide Key8 Sale of advertising Space Consultancy Teemill Sales Commission Pin Badge Sales Event Salg5 523 414 400 100 184 266 10 1,897 £ 523 414 400 100 IB4 266 10 1,897 £ 387 603 367 603 21 9>0 e 21 990 5. COSTS OF GENEIiATING VOLUNTARY INcoMe 2024 2023 Postsge DI¢t Costs of Salè Itèms Stationery & Printing Imèmbgfship Packs elc) 400 999 89 1,489 £ 363 373 736 6. CHARITABLE ACTIVITIES Unr•strlct•d Re8trlet•d Funds Funds 2024 Total Unre¥trided Restricle Funds Funds 2023 Total Publishing & printing"Bird$ in Cgrnwall. Publishing & prints'ng'Pal0tsg' Distribution (all publieationsl Publicity IAdverti5in9 Consèrvation Projects Gull Ringing Vietor Simp$on PrvLe Speakers Re8erve Management Exp•ns••.' Walmsley Sanctuary Middle Amble Sanctuary Maer Lake Windmill Drift Low•r Tarnar Lake Cirt Bunting¥ stithians Marine Surv Other Wa1rn51ey Hide Keys Insurance Zoom l M8il¢himp Subscription Li¢ence- Devoran Creek Licen¢es- Web31te & Sofva Website Development Depreciation of tools Depreciation of viewing ffjuipment Oepreciatson of hides Member Welfare Membership Costs Event Costs Storgage unit costs Roundin9 A¢jus¢ment Governance 91$ (rle 71 6,996 2,896 6,926 681 soo 6,996 2,895 5.925 581 1.026 259 150 5,785 2.809 S.682 745 5.765 2.809 5.682 745 2,688 485 528 259 2,688 485 160 222 222 746 746 298 8,982 381 157 657 9.139 1.055 1,055 40 39 40 39 237 237 441 441 655 93 197 1.992 264 50 1.027 99 199 855 513 141 1.992 628 60 1.342 417 199 513 141 1,992 528 50 1,342 417 199 197 1.992 50 1,027 99 199 586 18 279 279 2,383 £ 27,612 E 2.383 1.537 1,531 E 29.143 £ 31,501 e 1.537 3,691 e 35.191 7. GOVERNANCE COSTS 2024 2023 Meeting roorn hire and c05ts Filing fee Legal fees Bank charges AGM Expensej Accountsncy 508 34 620 381 253 588 £2.383 90 309 658 487 £1,537
Pagg 10 CORNWALL BIRDWATCHING & PRESERVATION SOCIETY NOTES TO THE FINANCIAL STATEMENTS F R THE YEAR ENDED IstD embor 2024 FIXED ASSETS FREEHOLD VIEWING LAND EQUIPMENT TOOLS HIDES TOTAL Cost al beginning of y9ar Additions during year Cost as at 31112124 92,004 17,000 109,004 1,286 3,611 13,010 109,911 17,000 126,911 1,286 3,611 13.010 Depreciation al beginning of year Provision for year Dgprecialion at 31112124 1.286 3,229 199 3.428 13.010 17.525 199 17.724 1.286 13.010 Net Book Value 31112123 £ 92,004 382 £ 92.386 Net Book Value 31112124 £ 109.004 183 £109,187 9. RESTRICTED FUNDS Balance 31112123 Incoming Resour$ 8alance 31112124 ExpenditLITe Maer Lake Wetland Natural History Museum-OPAL Middle Amble Hide Drift Walmsley Roy Phillips Gull Ringing Barn Owl Project 11,710 230 11,710 230 760 1,000 47 603 14.350 746 14 1.000 488 77 13.519 700 259 526 £ 1,531 700 10. UNRESTRICTED FUNDS Balance 31112123 Incoming Resources Balance 31112124 Expenditure Designated Funds Freehold Propety Nightjars Victor Simpson Prize Undgsignated Funds Accumulated Fund Rounding Adjustment 2022 Adjustment (membership $e¢relary owing) 92,004 1,000 887 17,000 109.004 1,000 737 11501 98.298 53.960 16,938 135.320 11) 1881 £ 192,105 88 £ 71,048 £ 16.788 £ 246,060 11. FUNDS ALLOCATION Unrestricted Restricted Funds Funds Total Fund8 Fixed Assets Nel Current Assets Totsl Nfjt Assèts at 31st Deeembgr 2024 109,187 136,873 £246.060 109.187 150,392 £259.579 13,519 £ 13.519 12. DIRECTORS, REMUNERATION AND EXPENSES 2024 2023 Reimbursement of costs and expenses paid on behalf of the So¢iety There are no DireGlor5' remuneration 696 4392 13. RELATED PARTIES None