## 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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Vicky Wilkins - Programmes Manager<br>Se<br>.<br>7 s<br>. a<br>“4 :<br>age iate {<br>lds: u<br>s . ‘ ' tf” .eea><br>~ ~~<br>4.<br>,<br>aw :<br>a<br>Photo credit: Ian Andrews (c) , i .: | '<br>7 i )<br>**----- End of picture text -----**<br>



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Photo credit: Adam Sharp (c)<br>‘ .<br>**----- End of picture text -----**<br>


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. 



## **Dr Charlotte Carne - Conservation Officer** = 5 %: rm. as . i) 8 < ateaen> ~|ar.agaealepare*< =eseeae4 \ EES c P< a oe ¥ ace: ° 4 ee ke ay v >. tae “ Se 4+ = SSP ak Sei EE eT nee vp ral Sue. 4 pe * ek: reefs 4 £%: bs Le ey ca - Popa , al Lee ro =. - a he Ne a i . rit ß ats Deut ® fe . ie ‘, ; . a = i .- ™ iy 

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** . 


**----- Start of picture text -----**<br>
Species Recovery Trust Training Income 2012 - 2024<br>£160,000 . net sales of  £123,511 . A total 1574 tickets were sold  with  }<br>Ss<br>£140,000<br>ms ty “S|<br>ee £120,000 Le_ >» an average of 19 people per course.<br>a<br>£100,000<br>anit<br>; a<br>In addition to these we provided direct bespoke to a<br>£80,000<br>S ‘<br>£60,000 number of companies, brining our total income to<br>i)<br>§. 4 £40,000<br>£139,224 .<br>£20,000 \<br>q a * ra<br>£0<br>‘ 4<br>. 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3' a24:> In 2025 we will be offering 87 courses; 53 online and 30  ,<br>af =—= Field Courses =@-— Online Courses Third Party Training Total Training Income<br>field courses.<br>; a —<br>4S.<br>£ cd a 7~ oan. ' 2% SNS, er] a TyR x ‘3S 7 - +” ee < = Titi<br>a hk SP es Sia<br>ot ; ee yaa) Ye 4 Oe lines eR 2 Bey Sela OW sate. ime XE oe [2"]<br>a . 7 _ ; “u . : 4 a, ee 7 hs + ie as ts ae ay sa " Fe a, ‘ ¢ » yp<br>ee:Se - id ‘ } ~“ ~.: i Psae Ose - \h bee)a , etoe em Yes a 4 . LPsi 24| 5Mara; ~~a * ~~4. e = Pt eSont” 7 : : ; \ : — <a 2 | Regt 2 to<br>. - - Las %. & i th = Cl y 7 i, Uae Fy « se : fy eh eR wh ube. ie Rad i - fe ¥ ‘* ox = 7S 0 at<br>- Fi + > ey =r ‘ays - 7 ~% ‘aoe ‘th : - “S8a2n . — ue es . _ “ts ae ee ia<br>5 +7 Oy ea Sa oy as i Sa e See<br>[8] [raid] 2 oe oe wet vod Ne<br>7 “0% SS. —— = =) ees, 4 woh ‘ Siac nt eS ES ae 2 =>>,we [Pent.] a om = ts, 7 ~ — : ne (Sed ge ee<br>o> NOEsPe ehoREE7 "oeie7% * “onOrig : oe :“é- . ° — ad iei e Monpia, on 4oe » aren, < Sia lc Ee ae fees Pap en ER Say. Sa”<br>aaah Pd Leck ee — fe eas tiehe i 2S eee ee ee = ‘ se OF 10. ole eat -—— a aoe aS on es A re fee te<br>7 ee a<br>: : " ee P34, re 3 - Be _/ ae i, ~. — oe ale Le heits : Poel _ a ¢ =~ ¢ rm! * ents — ——t -<br>a : ; 4, 4 eer  Pe7 M Bape Baa hwigg tt . bey a ne ra : “A Se« K: peti PietlP~w, earan ereaot “ERShii~~  |Se K ee a— | ee, ha Poye Pethte Dearent2 ii <8kegeenpapane easa Ss 4<br>aes oF SOE See Bane<br>Pjroe“ a IN PRINT… 4 :Pty gonie, eresag3 - ekeei iea, ayn=e <2vsaComal <Aa F; ~Seean rts ASDxt eter oe =Ne a. at esee é! ee aysoa _ «feeez om vs Sag : , sd <¢ ba : hese - Toye on<br>OhadPhas Patandeal eeTenetPag. te Oeoa Caney eetee as ~ nb ti edalee cee gtadd oe eaes reFe R e ty PEfi ANget. aieSo enPie  SaNiles ‘4 Seae OR lespga 2 tn.STwee Ge se Chay ae oe<br>, Fal oer yh ae é4 a} dp a ~ a ED = RE Sat re 49 ¥ \ x oe a) as 6s) ry & he Se a wu, “ aNae . =~ eke ae | cae 8 a! wy —a ene ~<br>Prone 6. ABS Pe > er or (ee eh SRT. 33 at, ett a 2) od bee aay  e: > + a Wee 3S OS 33 oe aaa a 3 aie | nn MO eat<br>a Peed fa! é Sto wees SSS = ¢? De a = <a. OS? pest eh an a — BRP ta Cae Ee oN oe - . aos NA ><br>= < = - " Af 23 sox—aFe y ¥-%» eeeor r) poe™fe DeGeu- > :eyeeePeo,~§ SaSy aeShy= f ieD> os+oyDe="}4aeiuoe<br>slis) Paap =~5 - — — ei De. 7 “Pts ~~ ' * _ + ae tee — =<br>Book sales of our three publications remained strong, bringing in just over £20,500. Work is continuing on a Field Guide<br>A es<br>to Aquatic Plants, although the release date of this has now been pushed to late 2026, due to complication with some of<br>“hs<br>the taxa of this group of plants.<br>**----- End of picture text -----**<br>




## 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<br>Field Gentian|£1,500|
|Yorkshire Dales National Park<br>Authority|Dwarf Milkwort|£1,300|
|Biodiversity UK|Tormentil Mining Bee|£1,000|
|National Trust Highfolds|Dwarf Milkwort|£808|
|Dartmoor National Park<br>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

c*0
Mo
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mmr
LO

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

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

c*0
Mo
¢A
r4
UJ
fft Ln co
Ln
¢00
mmr
LO

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