2024-12-31-accounts - The Species Recovery Trust

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ANNUAL REPORT 2024

Trustees Annual Report Year ending 31 Dec 2024 Registered Charity 1146387

SUMMARY INFORMATION

Reference and administrative information

Charity Name: The Species Recovery Trust Charity Number: 1146387

Address: 37 Albany Road, Salisbury, SP1 3YQ

Trustees: Jed Hamblin-Boone, Nicholas Berry, Catherine Dyer.

Structure Governance and Management

In 2024 we

Delivered projects on 25 species at multiple sites across England and Wales
Expanded our work into Scotland, Wales and additional UK Overseas Territories

Type of governing document: Charity Constitution, as an unincorporated association registered with the Charity Commission on the 1st March 2012. There shall be no fewer than three trustees. New trustees must be members of the charity and are elected by the members in general meeting. The trustees may also appoint any person who is willing to act as a trustee.

Trustees are recruited to give the trust a diverse skill base, and represent the fields of business, law, education and environment. They are invited to sit in on one meeting before deciding whether to put themselves forward for election.

• Carried out translocation field trials on a range of plant and animal species

Objectives and Goals

Matching our goals

Our stated aims are as follows:

‘To promote the conservation and protection of species on the edge of extinction in the UK for the public benefit and to advance the education of the public on issues concerning the conservation and protection of such species.’

The trustees have had regard to the guidance issued by the charity commission on public benefit.

2024 HIGHLIGHTS es Bh , . a he —_ > hy “<) A, in Sat \ 5 ae : a _ eS. - 2 * < mS tea aeae.otis 5Se he =nSte: - 7 ; . Bie,wre tans le + a a » i ’ 7 ~ eeae5 FoFVinoe va atEee2.oe = ag ae i. a Sy M aa ~ mad Pgs > > Rar RAS ete eS a ib. 1 on | Seinen Sa . Die Re Stat Saree: > ~~aa "sLSe—~ EASMeFo e beBand”oa.eS ++ =ia ieCSfs < . : 4 Ne ok —wr os a= . Maeo“« . 4 QEe -ee 32 be a . ie x = oe > Pubs 5 ~ — Es ry < A. Me ar — e . rr Va ie . se “! ‘ . , ~~ — ~ a >. Jax neh e3 S eee De” See ae ey AES = - e ~ ieee ee 2 Ae Sg . oo % eot ° nt a“ + —.. nat . = ee angelea .edy Oe F =. ~~ a os —— . ’ ~ “ ys rte a 5 mi -- ai 4 ee Pe — As BAI. es 5, . , . we. . 3 ; : i FS Gens b a l inie ae id 2 AP ts eet ae as 7% ; Se 4 = haa L es oink,. ayyr IFaeStF 2 7,eettte, te Se tee‘ ,ag BEAAD >) meAyiFos BAT7 ieeterr| Sensemt ey >:Py2ti ae; 5 [aes2 i vase aWias . itPe Pare — a EE Beae aeas ve® AT The following pages detail the SE in conservation highlights delivered jag ; rh ges PES (and challenges faced) by our team aFU Se ; ‘ = members.

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The Ascension endemic invertebrate project concluded in 2024 with SRT having supported the Government’s Conservation Fisheries Department to undertake an extensive survey of the island. The project described/found 6 new endemic species to science, including 3 spiders, a tiny pseudoscorpion, a large pseudoscorpion Garypus ellickae and a woodlouse that lives in a turtle nest. This data has allowed existing management plan for Green Mountain Nature Reserve to be updated.

A new species for SRT this year was the Green Barred Colonel Odontomyia hydroleon , this Critically Endangered soldierfly is found on only one site in the North Yorkshire Moors. The SRT is supporting Forestry England and a local volunteer to monitor and manage the site to allow retention and expansion of this species.

In 2024 Tormentil mining bee Andrena tarsata work was challenging with a wet July, this species’ main flight period, and an error in cutting by forestry staff of its foodplant in July on its stronghold site of Allerthorpe, meant that numbers recorded were low compared to previous years. The species does continue to be recorded on two sites in North Yorkshire.

The Endangered Tansy beetle Chrysolina graminis data for 2023 indicated a massive increase in numbers, with an estimated 90,000 beetle on the river Ouse’s banks in York, over double the last top record. At Water Fulford, monitoring demonstrated that conservation efforts were encouraging beetles to move into new areas on this Ouse site. SRT supported 2024 monitoring in York coordinating 30 volunteers.

On St Helena the Cloud Forest project in 2024 working with the RSPB and St Helena National Trust completed red listing assessments for 106 endemic invertebrates for the Cloud Forest, with many new endemic CR, EN and VU species listed, including the St Helena Waterfall wolf spider Hogna veseyensis . On Montserrat a project on Homes for Wildlife concluded with SRT support transferred to the Wildlife Friendly Development project in collaboration with the UK Overseas Territories Conservation Forum and Montserrat National Trust.

The Cross Territory project has started in partnership with Buglife, local National Trusts and Governments across Anguilla, Ascension, Falklands and Bermuda. SRT supported recruitment and set up training for island partners to collect to data to establish baselines for endemic invertebrates allowing mapping, red listing and long-term management.

Holly Stanworth - Conservation Officer

This has been an exciting year for reintroductions in the southeast, starting with two new sites for Marsh Clubmoss . Fifteen turves were translocated from Thursley NNR to wet heathland sites at Bramshill and Wisley. Although its very early days, these have so far survived the year, with many showing signs of growth.

A new site for Kentish Milkwort has also been established, and with the total natives sites down to two, this work is integral to keeping the species going. In the last three years, four new sites have been created for Dwarf Milkwort, with varying degrees of success. We are continually learning from this, and honing our expertise to find the right sites for future work.

Starved Wood-sedge is going to from strength to strength in the south-east. Numbers continue to rise, and with dedicated help from our volunteers, we have conducted some much needed scrub clearance at the Charterhouse School

introduction. We are also trialling a new site near Guildford to test the plant’s response to slightly more acidic conditions.

Sadly, it has not been a good year for Spiked Rampion , with numbers down by half compared to last year. Future plans have been hatched to further understand the pressures on this species, with new introductions planned for 2025. Numbers at the single Heath Lobelia site in the south-east continue to be low, and urgent habitat management is being conducted this winter in an attempt to rectify this. Given the seed is long-lived, some much-needed disturbance will provide good conditions for germination and so we should see a response to this in the next two years.

Bex House - Conservation Officer nn

Work has continued on monitoring of Deptford Pink sites across the southwest with thanks, as always, to the volunteers that provide their time and skills.

The Network Rail site at Saltash continues to thrive with signs of the population spreading and similarly, the population in Buckfastleigh is also doing well and spreading. In Portreath, a partnership with Cormac and the parish council has been set up to manage overshading plants and also to adjust the yearly cutting regime to benefit the both the Deptford Pink population ”= and the public access.

Work has been continuing on Heath Lobelia with introduction sites identified for next year and new management plans are being drafted to include the compels ecological needs of Rabbit Moss in its Devon stronghold.

Dr Trevor Dines - Conservation Officer (Wales)

Due to the abysmal year that Field Gentian had in 2023, we were keen to monitor as many sites as possible across the UK in 2024. As such, many of the North Wales sites were revisited.

Good populations were found at the enormous Abberffraw Dunes site, where the population seems to be moving around the dunes in response to weather conditions. This year, plants were found in the drier areas compared with last year, where plants were found more within the wetter dune slacks. This was mirrored at other sites, including Dyffryn, and it is becoming more evident that plant growth is very closely associated with soil moisture.

2024 also marked the beginning of our work on Welsh Groundsel , a unique and endemic species, currently only found in north Wales. It is a newly evolved species, first discovered in 1925, that arose following hybridisation between Groundsel & Oxford Ragwort. It was officially described as a new species in 1955 and since then has been found at 35 locations in north Wales. Almost all of these sites have now gone, and surveys completed at the four remaining sites have found just 83 plants in 2024.

Given the rapid and significant decline, this species is considered to be Critically Endangered and its Red List status is now being reviewed. Further survey work & introductions are planned for 2025 and beyond.

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This year we have continued to make progress on our Heath Tiger Beetle captive breeding project. Our captive larva re-opened it’s burrow for another year of growth before it hopefully emerges as an adult next year. We also captured another pair which successfully bred and produced four larvae – helping to boost the size of our captive population.

We had a very successful year for Window-winged Caddis Flies , with our volunteers finding an incredible 46 caddis flies on the known Hampshire site and discovering a new site for the species.

We have made an important step forward in our plans to create a pheromone-based lure trap for Cosnard’s Net-winged Beetle , by identifying a possible pheromone, which we will be testing further next year.

And we had a very exciting trip to Slovenia to attempt to capture New Forest Cicada adults to bring back to the UK for captive breeding and ultimately reintroduction. Unfortunately, we were not able to capture any cicadas this year, but we have learnt a huge amount about the species and will be using all of this new knowledge when we return again next year for another attempt.

Claire Bending - Conservation Officer (Northern England)

The success of the Dwarf Milkwort population near Malham continued in 2024, resulting in this becoming the largest known population in the UK. An estimate of around 950 plants was recorded this year, although this is expected to be higher with not all areas fully surveyed. Sadly the surveys for Dwarf Milkwort near Grassington were less positive with plants only being found in one of the four known sites, scrub control and overshading seemed to be the main issue and management of these areas is planned for 2025. Field Gentian experienced an extended flowering period in Northern England with some plants going to seed in mid-August, whilst some still had flowers emerging. Overall, the plant numbers were lower than previous years and it is suspected that the cooler, wetter conditions with abundant grass growth were contributing factors.

Jo Alderton - Conservation Officer (Central England) = 3 - x * Ps > > ~ ‘ = = = ". Dan we 5 2 a Ns

Within the central region, the focus for 2024 was on Field Cow-wheat , picking up on survey work from 2023 of potential sites for re-introductions and also looking at new sites.

Most of the focus was in Bedfordshire, on sites of now extinct populations, taking advice from College Lake arable plant nursery who have been successfully growing this species within their site, nr. Tring. Working with the local Wildlife Trust, agreements were reached for re-introductions on one of their reserves in 2025.

In Essex, seed was sown within an area of a Country Park, which is a new site but within an area of historic populations of Field Cow-wheat. Monitoring and further survey work will continue in 2025. = o a» 7 TD | " . 7 + . 7 _ , _ = |

Jim Macintosh - Conservation Officer (Scotland)

The species targeted for Scotland in 2024 were Forked Spleenwort , Marsh Clubmoss and Field Gentian .

All but 2 of the previously recorded populations of Forked Spleenwort were found this year, with population counts equalling or higher than previous records. Of particular interest, were 4 hybrid Forked Spleenwort plants on Arthur’s Seat, which had hybridised with Wall-rue is thought to be the only population of this hybrid in the UK.

Marsh Clubmoss populations in Scotland seem to favour the seasonally inundated peaty lake margins, which can make finding populations difficult, however, all but one of the previously recorded populations were found during 2024.

Dominic Price - Director

o : SA. , il | IN 2024 saw a continuation of work to research the feasibility of transplanting species into new sites.

Initial results for Marsh Clubmoss continue to look good - although worryingly some of the transplanted sites which has initially flourished showed dramatic declines in their second season (interestingly plugs which had started off more modestly continue to slowly get better - feels like there’s a moral in there somewhere)

Elsewhere Field Gentian finally saw a partial recovery in the south of England, with numbers up in Cornwall and improved in the New Forest, where a rather milder damper summer saw a recovery after the heatwaves of former years. The first wave of transplants in the south had partial success, suggesting we may be able to recolonise extinct sites.

Field Cow-wheat remains a challenge, with plants responding well to habitat management, but numbers generally does following what we believe was low seed production during the heatwave of 2023.

Heath Sadly having finally got cattle in to graze the Hampshire Lobelia site, the cows decided to spend the whole winter wallowing in the exact spot where the plants grow, meaning the light poaching we were after turned into a mud bath from which no plants recovered. We’re hoping this disturbance might produce better results in 2025, as previous work has shown that the seedbank has a good ability to regenerate.

Fran Holmes - Training and Volunteer Officer - ; <—)

350 monitoring visits were carried out in 2024 at 320 sites, providing essential data on populations of endangered species. We are in the process of transferring our online data collection to a new, easier to use app which we will launch in 2025 and we hope will encourage more volunteer recording.

117 monitoring visits were carried out by volunteers at 110 sites. After attending a training session on the Identification and Survey of Marsh Clubmoss in the New Forest in September 2024, we received an email from an attendee just days after, wondering if they’d found a new population of Marsh Clubmoss on their weekend dog walk. We were delighted to confirm they had discovered a significant population.

We are very thankful to a volunteer who has been visiting historical sites for Deptford Pink in Wales over the last couple of years. He « uncovered a third Welsh site, previously unknown to us, in 2024. Taking the known numbers of extant sites from 2 to 3.

| chk L aa tee EE Fs | a! , ay AS eran, Pe. i: rt heer Se P Pore ote TN. BT In 2024 we provided 85 training courses, which provided } net sales of £123,511 . A total 1574 tickets were sold with = an average of 19 people per course. > In addition to these we provided direct bespoke to a number of companies, brining our total income to £139,224 .

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Species Recovery Trust Training Income 2012 - 2024
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FUNDRAISING

We are hugely grateful to all these funders for supporting our work in 2024.

The Halpin Trust	Multiple species	£25,000
Natural England	Species Re-introductions	£10,400
Darwin Plus Cross Territory	UK Overseas Territories	£6,821
Swire	Cicada	£6,600
Natural England Winter Works	Marsh Clubmoss and Starved Wood Sedge	£6,000
The Valentine Charitable Trust	Cicada	£5,000
Lund	Spiked Rampion	£4,500
Barbara Whitmore	Unrestricted	£3,000
Cox Skuse	Field Cow-wheat	£2,000
New Forest Biodiversity Forum	Field Gentian	£2,000
Natural England	Gentian (Yorkshire Dales)	£1,685
The Ratcliff Foundation	Forked Spleenwort, Marsh Clubmoss and Field Gentian	£1,500
Yorkshire Dales National Park Authority	Dwarf Milkwort	£1,300
Biodiversity UK	Tormentil Mining Bee	£1,000
National Trust Highfolds	Dwarf Milkwort	£808
Dartmoor National Park Authority	Deptford Pink	£800

FINANCIAL SUMMARY

Money In	Money In
Training	£139,224
Grants and fees for service	£137,585
Legacies	£32,758
Books and merchandise	£22,486
Donations	£6,543
Interest	£2,211
Total income	£340,807

Money Out
Staff Costs	£131,160
Project Officer/Contractor Costs	£80,491
Book Printing	£10,765
Other costs	£41,111
Total expenses	£263,527

Net Income
Income minus expenses	£77,280

Summary

The total funds at the year-end amounted to £362,906 (2023 - £285,626) of which £83,730 (2023 - £66,793) comprised assets held for restricted purposes, leaving £279,176 (2023 - £218,833) for general purposes.

The Species Recovery Trust is a charity set up to tackle the loss of some of the rarest species in the UK.

There are over nine hundred native species in the UK that are classed as under threat, with several hundreds more currently widespread but known to be in significant decline.

The countryside is now bereft of many species that were a familiar sight a mere generation ago.

A small number of these species are on the absolute brink of existence, poised to become extinct in our lifetimes; our goal is to stop them vanishing.

Our aim is to remove 50 species from the edge of extinction in the UK by the year 2050. In addition we are reconnecting people with wildlife and the natural world through training programmes and awareness raising.

The Species Recovery Trust

37 Albany Road Salisbury SP1 3YQ 01722 322539

enquiries@speciesrecoverytrust.org.uk www.speciesrecoverytrust.org.uk Registered in England and Wales Charity 1146387

THE SPECIES RECOVERY TRUST Charlt Re istratlon Number 1146387 TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 FLETCHER & PARTNER5 CHARTERED ACCOUNTANTS SALISBURY

THE SPECIES RECOVERY TRUST Contents Page Independent Examiner's report Statoment of flnanclal attivities Balance sheet Notes to the aEcounts 4-10

THE SPECIES RECOVERY TRUST Independent Examiner's report to the Trustees of The Specles Recovery Trust I report to the trustees on my examlnatlon of the accounts of The Specie5 Recovery Trust (the Trust) for the year ended 31 December 2024, which are set out on page5 2 to 10, RESPONSIBILITIES AND BASIS OF REPORT As the charlty trustees of the Trust you are responsible for the preparation of the accounts in accordance wlth the requirements Df the Charitie5 Act 20111"The Act l. I report In respect Df my examination of the Trust's accounts carrled out under section 145 of tho 2011 Act and in carrying out my examlnatlon I have followed all the applicable Directlons glven by the Charity Commisslon under sectlon 14515llbl of the 2011 Act, INDEPENDENT EXAMINER'S STATEMENT The Trust's gross Income exeeeded £250,000 ènd I confirm that l am qualified to undertake the examlnatlon by belng a member of the Institute of Chartered Accountants In England and Wales. I have completed my examlnatlon. I confirm that no material matters havÈ come to My attentlon In connectlon wlth the examlnatlon glvlng me cause to belleve that in any material respect: 111 accounting records were not l(ept In respect of the Trust 35 required by sectlon 130 of the Act; or 121 the accounts do not accord with those records; or 131 the accounts do not comply with the applicable requlrements concerning the form and Content of accounts set out In the Charitlès (Aecounts and Reports) Regulations 2008 other than any requlrement that the accounts glvè a 'true and falr vlew, which is not a matter considered as part of an Independent examination. I have no concerns and have come across no other matters In connectlDn with the exzmlnation to whlch attention Should be drawn In th15 report In order to enable a proper under5tandlng of the accounts to be reached. Name,. Nicola A Ha115 FCA Fletcher & Partners Crowh Chambers Brldge Street Salisbury SPI 2LZ Date,, Page I

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THE SPECIES RECOVERYTRUST Balance Sheet as at 31 December 2024 2024 2023 Flxed Ass¢t$: Tanglble assets 2,028 2,028 658 658 cUrrt assets, Stock Debtor5 Ch at bank and In hand 3A88 55,534 3,733 9L314 243,989 339,036 407,348 Uabllftlo9'. Credltrors.. Amountsfalling due wtthln one year 10 46,470 54068 Net current uss•ts 4Jr Ilobllitws 360.878 284.968 Total nt assets 362.906 285,626 The funds al the ¢harlty'. Rèstrl¢ted funds Unresirlctedfunds 12 12 83,730 279,176 66,793 218R33 Tot41 ¢haTltytunds 362,906, 285,626 Signed on beh8lf of trustees b Nicholas Berry Treasurer Approved by thetrustees on 2.9...fY)..ARC&I,...2o.25 The notes on p3ge$ 4 to 10 form part of these financial ststements Page 3

THE SPECIES RECOVERY TRUST Notes to the financial statements for the year ended 31 December 2024 Accounting pollcles Basls of preparatlon The financial Statements have been prepared under the hlstorical ¢ost conventlon wSth Items recognised at Cost or transaction value unless Otherwlse stated in the relevant notelsl to these accounts, The financlal statements have been prepared in accordance wlth the Statement of RecDmmended Practice.. Accountlng and Reportlng by Charlties prepzring thelr account5 In accordance with the Financlal Reporting Standard applicable In the UK and Republic of Iroland IFRS 1021 effectlve from l January 2019, the Flnancial Reportlng Standard appllcable In the Unlted Kingdom and Republlc of Ireland IFRS 1021 and the Charities Act 2011, The 5pecles Recovery Trust constitutes a publlc beneflt entity as defined by FRS 102. Its governlng document is Charity Constitution as an unlncorporated as50clatlon, registered wlth thÈ Charlty Commlsslon on the 1st March 2012. Thp reglstered office Is 37 Albany Road, Salisburyi SPI 3YQ, Tho trustees conslder that there are ntr material uncortalntles about the charity's abllity to CDntinue as a going concern. There are no significant judgements that affect items in the account5, There were no slgnlflcant assumptions made about the future and no other 5igniflcant sources of estimatlDn uncertainty at the reportlng date that have 3 slgniflcant r15k of c2uslng 8 materlal adjustment to the carrying amounts of a5set5 and li4bilitles vlithin the next financial year. Income Income Is recogni5ed in the perlod In whlch the charity is entitled to receipt, receipt is probable, and the amount can be measured rellably. Income Is deferred when the charlty has to fulfll condStSDns before becoming entitled to use such income or where the donor has specified that the Income Is to bè expended In a future period. Donatlotr)s Donation5 from indivlduals are recognis@d upon recelpt. Grants Income from grants, Includlng grants from the UK Government and capital grants, Is included in incoming resources when It is receivable, except as follows., 11 When donorg Speclfy that grants given to the charity must be used In future accountlng periods, the Income 15 deferred untll those perlods. 21 When donors impose condition5 which have to be quallfled before the charlty becomes entitled to use such Intome, the income is deferred and not Included In Incoming resources untll the pre-condltlons for use have been met. When donors specify that donations and grants Èrè for partlcular restricted purposes. which do not amount to pre- condltions regarding entitlement, this income is included in Incomlng resources of re5trlcted funds when receivable, Fees for sewices IncDrne is recognised wlth reference to Stage of completlon whlch15 based on proportion of cost Incurred to estlmated cost it completion. acies For legacie5, entltlement Is tal<en on a case by case basls BS the earller of the date on whlch,. the charity is aware that probate has been Branted, the estate has been finalised and notlflcatlon has been made by the executorlsl to the charity that a dlstribution will be made, or when a distribution Is recelved from the estat@. Receipt of a legacy, in whole or in part, Is only consldered probable when the amount can be measured reliably and the charity has been notified of the execLJtols Intention to make a distrlbution, Tralnin Income Training income 15 recogni5ed on the date of a course. Book Sales income ook income is rÈcognlsed on dellvery to the customer, Page 4

THE SPECIES RECOVERY TRUST Notes to the financial ststements for the year ended 31 December 2024 Accountln8 pollcles Icont.) Expenditure Expenditure Is recognlsed once there is a legal or constructive obligation to make a payment to a third party, It Is probable that settlement wlll be required and the amount of the obllgatlon Can be measured reliably. All expenditure is accounted for on an accruals basls. Volunteers No amountls included In the flnanclal statements for general volunteer timè in line with the charities 50RP IFRS 1021. Tangible fixed assets All assets costing more than £1,000 are capltallsed. Depreclatlon Is provlded to wrlte off the cost less an estlmated resldual value, of all flxed 8$5ets evenly over theSr expected economlc useful Ilves on a straiEht Ilne basls as follows.. Webslte 20% Computers and equlpmont 33.33% Debtors Trade and other debtors are recognised at the settlement amDunt due after any trade d15count offered. Cash Cash and cash equlvalents comprlse cash on hand and demand deposlts. Creditors Trade and Dth@r creditors are recognlsed where the charity ha5 a present obligation resultlng from a past event that will probably result In the transfer of fund5 to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recoEnised at thelr settlement amount. Ponslon Costs Employer penslon contrlbutlons payable to the Ch3rlty'5 deflned contrlbutlon scheme are charged as expenditure in the period to which they relate. Financlal Instruments The charlty only ha5 financlal assets and flnanclal Ilabllltles of a kind that qualify as basle flnanclal Instruments such as trade debtor5 and creditors Wlth no stated interest rate and receivable or payable withln one year, whlch are recorded 3t transactlDn prlce. Fund accounting Funds held by the charity are,, Unrestricted funds - These are fund5 that can be used In actordance wlth the charitable objects at the discretion of the trustees. Restricted fund5 These are fund5 that can only be used fDf p3rtlcular restrlrted purposes wlthln the oblects of the charlty, Restri¢tlon arlse when specified by the donor or when funds are ra15ed for partlcular re5trlcted purposes. Grants and fees for services 2024 2023 Government grants and fees for services other grants and fee5 for services 116,884 20,701 137,585 92,691 88,083 180,774 Government f unded varlDUS con5ervatlon project5. There are no unfulfllled condltlons or other contlngencles attaching to these 8rants that have been recognised in income, Page S

THE SPECIES RECOVERY TRUST Notes to the flnancial statements for the year ended 31 December 2024 3. Staff costs 2024 2023 Sal8rles Soclal security cost5 Defined contrlbution pen51on costs 114,759 6,436 9,965 131,160 103,912 5,619 9,792 119,323 Average number of employees One employee had emolument5 for the year (not IncludinE employer penslon contrlbutlons nor employer natlonal Insurance contrlbutlon costl that fell between £60,000 and £70,00012023: No employees). 4 Subcontrattor costs 2024 2023 Prolect delivery Tralnlng Fundralsing 71,781 5,210 3,500 80,491 71,159 6,442 4,500 82,101 5. Other costs 2024 2023 Travel and subsistence Independent ex8mlner's remuneration for independent examlnatlon for other accounting Services Legal and professional Selling fees Tralnlng equlpment Project equipment Consumables Insurance Depreclation Sundrv 10.7D7 12,406 1,500 11,319 1,924 7,913 651 3,026 149 534 754 2,634 41,111 1,500 13,619 7,650 1,860 592 240 935 3,501 42,303 6. Koy management personnel and related party transartlons The key management personnel of the charlty comprlse the trustee5 and the director. The trustees were not paid or received any other benefits from employment wlth the charlty In the ¥ear12023,. £nlll nelther were they relmbursed expenses during the year12023', £nill, The total remuneratlon of the director, Dominic Prlce, for the year was £74,173 12023: £67.2171 Includlng employer natlonal Insurance contribution and employers pension contributions. Susie Lamb, the wife of the director. wa5 paid £1,250 for conservation services provided to the charity. PaEe 6

THE SPECIES RECOVERY TRUST Notes to the flnanclal statements for the year ended 31 December 2024 Volunteers The charity coordinates several volunteers who glve tlme to help survey and monitor endangered specie5 in the fleld. In addltion, we organlso work partles where groups of volunteers meet to carry out hablt8t Management work, such as scrub removal, at selected sites. No amount is included In the flnanclgl statements for general volunteer tlme In line with the charitle5 50RP IFRS 1021 Tanglble fixed assets Computer equlpment Webslte Total Cost At l January 2024 Addltlons At 31 December 2024 3,373 2,124 5,497 3,015 6,388 2,124 8,512 2,015 Depreciatlon At l January 2024 Charge for thè yezr At 31 December 2024 2,715 754 3,469 3,015 5,730 754 6,484 3,015 Net book value At 31 December 2023 At 31 December 2024 658 658 2,028 2,028 Debtors 2024 2023 Trade debtors Grant5 receivable Prepayments and accrued income 21,768 32,702 1,064 55,534 28,968 60,467 1,879 91,314 io. Creditor5 2024 2023 T&xatlon and soclal security Accruals Deferred Income tralning 4,180 24,738 17,552 46,470 8,268 20,388 25,412 54,068 li Deferred Income recontlllatlon 2024 2023 Balance brought forward Amounts released to Incoming resources Amounts deferred In the perlod Balance carried forward 25,412 125,4121 17,552 17,552 17,714 117.7141 25,412 2S,412 Deferred Income comprises training receipts relating to courses taklng place after the balance sheet date. Page 7

THE SPECIES RECOVERY TRUST Notes to the financial statements for the year Ènded 31 December 2024 12. Movements on funds Balance at l January 2024 Tran5fer5 between funds Balance at 31 December 2024 Income Expendlture Unrèstrlcted funds General fund 218,833 218,833 205,343 205,343 142,9881 1142,9881 12,0121 12,0121 279,176 279,176 Restrlcted funds Species funds Tormentll Mlning Bee He3th Tiger BÈètle Fleld Gentian Marsh clubmoss Splked Rampion Fleld Cow-wh@at Dwarf Milkwort T3nsy Beetle New Forest Cicada Window-winged Caddlsfly Cosn4rds Net- vlinged Beetle Forked Spleenwort StZNed Wood-sedge Deptford Plnk Childing Pink New Forest Clcada and C05nard's NÉt- wlnBed Beetle Fleld Gentian and Dwarf Milkwort Marsh Club-moss and StaNed Wood-sedge Ul< Overseas Territories funds other restricted f unds 253 5,735 6,069 1,000 11,2321 15621 18,3621 21 5,173 3,392 3,685 2,000 11,321 2,000 808 788 11,600 16,7171 12,0001 18181 11,8531 11,4541 18321 18071 4,604 io 1,768 4,679 841 3,662 703 14,825 2,855 12,237 1,070 11,8991 11,8701 iii 124,1171 10,338 800 24,117 1,300 11,3001 6,700 16,7001 9,251 21,226 34,445 36,900 127,7571 132,2571 15,939 25,871 66,793 135,464 1120,5391 2,012 83,730 For a descrlptlon of funds see next P8ge. Transfer beiween funds 2024 Transfer5 from General fund to Restrlcted funds related to either funds the charlty pledged to contrlbute on sècuring external restrlcted fundlng £2.000 or funds transferred to cover shortfall In Restrlcted funds £12. Page 8

THE SPECIES RECOVERY TRUST Notes to the financial statements for the year ended 31 December 2024 13. Movements on f und5- Previous year Balance at l January 2023 Transfers between funds Balanee at 31 December 2023 Income Expendlture Unrestrlcted funds GenÈral fund 176,967 176,967 141,973 141,973 166,8141 166,8141 133,2931 133,2931 218,833 218,833 Restrlcted funds Specie5 funds Darnel Wart-blter Tormentil Mlnln8 Bee Heath Tiger Beetle FSeld Gentlan Marsh Clubmoss Heath Lobella Spiked Rampion Field Cow-wheat Rabbit Mos5 Dwarf Milkwort Tansy Beetle New Forest ClcadB Wlndow-wlnged Caddlsflv Cosnards Net- wlnged Beetle Forked Spleenwort statved Wood.sedge Deptford Pink ChildinE Plnk Alpine Woodsla New Forest Cicad2 and Cosnard's Net- wlnged Beetle UK Oversea5 Territories funds Other restricted funds 1,177 30 8,411 6,859 12,9231 2,139 2,000 14,1771 1301 18,2581 11.1241 122,7611 113,8581 110,OS41 16,0991 18.ODOI 12,4501 111,8031 15,7321 13211 11,1591 11,3381 15,0001 14.1041 18,9301 15,9991 16691 110,5061 1,000 loo 253 5,735 6,069 30,458 9,500 5,000 4,000 4,000 1,295 2,220 5,054 I,soo 4,000 250 2,915 59> 2,200 3,888 5,000 5,000 2,500 5,000 2,000 5,000 3,000 2,50Q 5,000 3,000 500 10,021 1,768 4,679 841 3,662 2,000 400 5,000 3,000 169 485 13,441 12,237 1,070 2,409 10,851 46,944 23,550 141,6171 115,6651 1,515 2,490 9,251 21,226 54,081 169,073 1189,6541 33,293 66,793 Unrestrlcted funds General fund The g@neral fund represent5 the free funds of the charity that are not de5ignatEd for particular purposes. Restrlcted funds These are funds that can only be used for particular restricted purposes within the object5 of the charity, S ecles funds - Restricted funds for conservation of a speclflc specles are dlsclosed separately. UK Overseas Territories funds - Separate restricted funds were also created for income restricted to Ul< Oversea5 terrltorles. These were grouped together In the analysls above, Other restricted funds Separate restricted fund5 were also created for Income with other restrictions le.g. income restricted for use in particular place of the mainland UK or income restrlcted for use In training of volunteers etc,l. These funds were grouped together in the analysis above, Transfer beiween funds 2023 Transfers from General fund to Restricted funds related to either funds the charity pledged to contrlbute on seeurlng external restrlcted f unding £29,363 or funds transferred to cover shortfall in Restricted fund5 £3,930. Page 9

THE SPECIES RECOVERY TRUST Notes to the financial statements for the year ended 31 December 2024 14. Analysls ot net assets between fvnds General Fund 2024 Restricted Total Funds Funds 2024 2024 Tangible flxed assets Net current assets1lliabilltie51 2,028 277,148 279,176 2,028 83,730 360,878 83,730 362,906 15. Analysls of net assets between funds- Prevlous year General Fund 2023 Restrlcted Funds 2023 Total Funds 2023 Tangible fi2(ed assets Net current assetsllliabilitiesl 658 218,175 218,833 658 66,793 284,968 66,793 285,626 Page 10

THE SPECIES RECOVERY TRUST Charlt Re istratlon Number 1146387 TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 FLETCHER & PARTNER5 CHARTERED ACCOUNTANTS SALISBURY

THE SPECIES RECOVERY TRUST Contents Page Independent Examiner's report Statoment of flnanclal attivities Balance sheet Notes to the aEcounts 4-10

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