THE SPECIES RECOVERY TRUST Chari Re istration Number 1146387 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 FLEfcHER & PARTNERS CHARTERED ACCOUNTANTS SALISBURY
THE SPECIES RECOVERY TRUST Contents Page Independent Examiner's report Statement of fin4n¢Sal athMes Balance sheet Note5 to the accounts 4-10
THE SPECIES RECOVERY TRUST Independent Examiner's report to the Trustees of The Species Recovery Trust I report to the trustees on my È¥amlnatloTh of the acwunts of The Species RecoveryTrust Ithe7ru5tl for theyear Ended 31 December 2025, whirh are set out on pages 2 to 10. RESPONSIBILITIES AND BA515 OF REPORT A5 the tharity trustees of the Trust you are responslble ftsrthe pparaon of the acconts in accordance wrth the requlrements of the Charitles Act 2011 Iyhe Act'l. I report In re5pett of my examinatiorl of the Trust's accounts carried out undersettKJn 145 of the 2011 Att and In carrwng out my e¥3minatlon I he followed all the applicable Directions given bythe chafity Commlsslon under secUpn 14515llbl of thE 2011 Act, INDEPENDENT EXAMINER5 STATEME The Trust's gross income exeded £250,orN) and I confirrn thal l am quolthed to undertrdke the examinatlon by bein8 a mernber of the Institute ol Chartered Accountants In England and Wales. I h3ve CDmple%Ed my examination. I confirmihat no material matters have come to my attentlon In ctsnnÈrtlDn withthe examinaOn givlw me cause to belleve thai In ony mateial respe¢t'. 111 accountlng records were not kept In respect of the Trust as requlred by sectlon 130 of the Art: or 121 the accounts do not accord wlth those (Ords,. or 131 the account5 do not comply with the applicable requirements concemlngthe forn) and content of a¢¢ounts get out In ihe Charltle5 (Accounts and Reports) Regtt12Vons 2008 other than any requlrernent thatthe accourbts wve a true and falr vlew, which Is not a matter consitk*ed as part of an independent examlnatlon. I have no concems and have come across no other rnattets In connecknon with the examinatlon to which attention should be drawn in this report in order to enable a pioper under5tandlng Df the accounts to be reached. 51gned.. Name.. Nicola A Halls FCA Fletcher & Pzrtners Crown ChaTnbEf5 Bridge Street Salisbury SPI 2LZ Date.. Page I
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THE SPECIE5 RECOVERY TRUST 841an¢e She a$ it 31 Owmber 2025 2025 2.018 3,02& 16rs Cmrt 4,155 10 54,986 315073 37S.2311 55531 348.316 407348 bark and Inhfrnd Il¥bllitk¥s'. th¢dft•rs,'41movntsf&lllnidw 11 35.173 45A7 340,tM2 360,¥78 311715 362,906 edtiory.. Amwr4ts tsiiin¥due0r moyethon rfftyttr 1.188 Total n•¥wtJgrllablHlle5 34]17 362.906 Thfvnds olth4hwTty: Rt5tr¢1tsd ltrnds vhr05trlct funds 14 56.6Y6 281,831 83,730 279.176 ¥0tAI thyrttyfuttds 341 3$2&06 Ntcld&& Èerry TrE•su¥er Apprwpd trNlhE The note50Trp4ge$4to JD fonpartofthesèltnancla15taternertS Py3
THE SPECIES RECOVERY TRUST Notes to the financial statements for the year ended 31 December 2025 AOUntIng polldes asls of preparatlon The financial statements have been prepared under the hIStoral wst nventIon wr(h itern5 reco8nised at C05t or transactlon value unless otherwlse 5ta+ed in the relevant notelsl to tlse account5. The flnanclal Statements have bEen prepared in accordan wlth the StatemeDt of Recommended PCtIce.. Accountlng and Reportln8 by Charities preparing their a¢¢ounts in ac¢ordante th2 Finandzl Reportlng Standard zppl&cable In the UK and Republic Df Ireland IFRS IOZI effectlve from l January 2019, thE Finandal RepurUn8 Strdndard ipplicatAe in the Unlted Klngdom and Republic of Ireland IFRS 1021 and the charleS Act 2011. The 5pecles Recovery Trust constitutes 3 public beneflt entlty a5 defined by FRS 102. Its governlng document15 Charlty Constitution as an unlncorporated registered wtth the Charity Commission on the 1st March 2012. The reglstered Offi Is 37 Albany Road. Salisbury. SPI 3YQ The trustees conslder that there are no materlal urKertalntles about the charws ablllty to continue as a golng contrm. There are no s5gnfftnt1dKernent5thataffeCt ttems Inthe a(£ounts. There were no SIgnltant assumptions made about ihe future and no other 518nificant sources ol estimation uncertainty at the reportlng date that have è si8nrflcant rfsk of ¢a'Ing a merfal adju5trnent to the carrying amDunts 01355ets and liabllltie5 Wlthin the next financial year. Income Income is recognise¢S in the period In whith the charity is entttlÈd to receipL receipt Is probable, and the amount can be measured reliably. Incorne 15 deTerred when the charity has to fulfil condltions befo becomlng entitled tD use such Income or where the donor has spedfled that the incorne Is to be gxpended in a future perlod. ations DonatlOn5 Irorn individuals are Tecognlsed upon receipt. Gran Income from Brants, including grants from the UK Government and (>pltal grants, 15 Induded In incomlng resource5 when it Is recefvable, except as follows.. 11 When donors specfy thar grants gSven to the must be used in future accountlng periods. the Inrome is deferred until those pgriotss. 21 When donors Impose conditions whl¢h have to be met before the charfty become5 entitled to use such income, the income ts deferred and not Induded In IncornlD8 OUrCeS unbl the prwbndition5for use have been rnet. When donoTS specify that don.ations and grdnts are for partItur $tricted purpose5, which do not amount to pre- ¢ondltlDns regardlng entitlement.thls Income is induded In Incomlng sourCeS of restrlrted fvnds when ce[vable. Fees for Services Income Is re¢oEnlsed wfth reference to stoge of COmetiOn which 15 based on proportlon of 5t Incurred to estlmated cost ?t cornpletlon. For legacles, enutlement Is taken on a case by c35e ba51s as the fdrtler of the dats on whlch: the charity is zwaTe that probate has been granted, the estate ha5 been fjnal.5ed afjd notiflcatloD ha5 been mède by the executorlsl to the chirity that a dlstrfbution wlll be made. or when a distributlon Is recelved from the eststÈ. ReTrlpt of a lÈg8cy, Sn whole or In part Is onty considered probable when the amount can be measured rellabty and the charlty has been notlfled of the executDff s Intention to make a distribution. ncome Tr8inlng Income Is recognlsed on thE dote of a course. Book S4le5 incorne Book Income15 re¢ogftlsed on delery tothe customer. Page
THE SPECIES RECOVERY TRUST Notes to the financial statements for the year ended 31 Decernber 2025 A¢¢ountln8 pollcle5 Iconl.) Expendture ExpendSture Is recognlsEd onre there Is a legal or con5twctive obligation to make a payment to a third partyi It Is probable that 5etr.lement wlll be requlred and the amount of the obllg8tlon Can be measured rellably. All expendlture Is accounted for on an basis. Volunteers No amount is included In the financlal statements forgeneral volunteer time In Ilne wlth Ihe Chadtie5 SORP IFRS 1021. Tan8lble flxed assets All a55ets costing mckre than £L.000 3re capitalised. Depreclatlon Is prDvided to write off the c05t le55 an e5knmated residual value. of all fixed assets eventy over their expected economic useful Ilves on 3 ttfdight line b2si% as follows.. Website Computers and eqvipment 20% 33.33% Debtors Traile and otherdebtor5 are recognised atthe settlement amount due after any trade dlscount offered. g. Cash Cash and cash equlvalents tompr15e cash on hHnd and demarJd deposits. Credltors TradÈ and oiher credOr$ are recugnlsed where the cheri has a present obligation resulting from a past event that will probably result In the transfer of lunds to a th;.rd Pa Hnd the arnount due to Settle the obllgion can be measured or e5timaled reliably. CredFtor5 are nomially recognised at theirsettlement amount. P¢nsl•n Costs Employer pensian ¢(>ntributions payabletothe charty'5 defined contrfbU0n stheme are charged as expendltu In the perlod to whlch thEV late. Flnan¢lal Inslrnments The tharlty only h45 finarycial a55et5 and finoncial Ilablltties of a knnd that quallfy as basic financial instruments such as trade debtors and credltors wlth no stated Interost rate and re¢elvable or payable wlthin one year, which re recorded at transathion prlce. Fund ar¢ouTrti Funds held by the chadtyare: Unrest icted fu ds- These are fvnds that tan be used In aCcordar wlth the charttable objects at the dlscretion of the truste25. LrtLd funds- These are lunds that Call onfy be used for particular restricted purposes wkhin the oblects of the charlty. Restrlction arL%e when specfflÈd by the donDr or when funds are ra15ed for partlcular restricted purposes. Grarrts and lee5 for 5erylces 2025 2024 Government grants and fees forsertes Other grant5 4nLI fee5 for servlces 97,411 54.917 152,328 116,884 20,701 137,585 Government funded rIOuS conservatlon projects. There are no unfvlAlled conditions or other contingenues attaching to these grants that have been recognlsed In Income. Page 5
THE SPECIES RECOVERY TRUST Notes to the flnan¢lal statements forthe year ended 31 December 2025 3. staff cost$ 2025 2024 S31arie5 Sodal securty costs Defined contributlon penslon costs 138.499 5,362 10,832 154,693 114.759 6,436 9,965 131.160 AVee nurnber of ernployees One employee emoluments for the year (not indudlnK employer pen510n contribution5 nor employeT national Insurance contdbU0n c05tl that fell between £60.000 and £70.(KX)12024: one employee frll between £60,000 and £70,0001. 4 Subcontractor tosts 2025 2024 Prolect delivery Trzlnin8 FundTrr51ng 102.537 5,640 71,781 5,210 3,500 80,491 108,177 2025 2024 5. Dlrett costs Book prlndng, postage and rNerthandi5e Training cour5e5 platform fees rralnlng equiptnent Travel 3nd subslstence Prolettsmall e4ulprnent 7.159 6,285 291 15,329 5.434 34.498 10.765 7,913 651 10,707 3,026 33,062 6. Other cost5 2025 2024 Independent examiner's rernuneratn for Independent ex4mination for other accountln& payroll. bookkeepln8 se Legal and prole551oinal Insurance DÈpreci•fjtsn Computer costs Con5L¢mables Sundry 1.5 12.727 I,soo 11,319 J,924 534 754 1,72L 149 $77 1.104 3,787 149 4.692 24,536 913 18,814 7. Kqy rnanagemenl personnel and related party transacthjns The key management personriel o,. the chartty comprise the trnstee$ and the director. The trustees were not pald or recelved any tyther benEfits from employmEnt the tharlty in the year12024.. £nS11 nelther were they relmbursed expenses during the year12024.- £nill. The total remuner3tlon of the dlrector. Domlnic Price. for the year was £74.589 12024.. £74,173) includlng emplDyer Dational insurance contribution and employer pens on contribrtn5. Susle Mb, the wife Df the dirertDr. w?s paid £2(KJ for Conservation 5eNcEs provlded to the charity 12024.. £1.2501. Page 6
THE SPECIES RECOVERY TRUST Notes to the flnancial statements for the year ended 31 December 2025 Volunteers The charlty coordlnates several volunteers who gfve time to help survey and monltor endangered species In the fleld. In addition, we organlsÈ work partiÈS Whe groups of votunteers meet to carry out habltat manaBement work. suth as scrvb removal. at selected sltes. No amount is Included In the financtal #atemenrs for general volunteer tlme In Ilne wlth the charlties 50RP IFHS 1021. Tan8lble flxed a$$e Computer equipment Webslte Total Cost At l January 2025 Addltlon5 At 81 December 2025 5,497 1,749 7,246 3,015 8.512 1,749 10.261 3,015 DepreCIaon At l January 2025 Charge for the year At 31 December 2025 3,469 1,104 4,i73 3,015 6,484 1,104 7,588 3.D15 Net book value At 31 December 2024 At 31 December 2025 2,028 2,673 2,028 2,673 10. Debtors 2025 2024 Trade debtors Grants receivable Prepayments and accrued Income 24.070 28,832 21,768 32,702 1,064 55,534 54,986 11. Credltors.. Amountsfalling due wlthSn one year 2025 2024 Taxatlon and so¢lal se¢urTrty cru31s Deferred Incorne- training 5,860 8,595 20.717 35,172 4,180 24,738 17,552 46,470 12. Credltors., Amountsfallkng due after more than cv year 2025 2024 Deferred income- trainlng 1,188 1,188 13 Deferred income re£ondliation 2025 2024 Balance broughtfDrward Amounts released to Incoming resources Arnounts deferred in the pert Balance carrled forward 17,552 117,5521 21,905 21,905 25.412 125,4121 17,552 17,552 Deferred income comprises trdinithg receipts relating to (ourses tsking place afterthe balance sheet date, Page 7
THE SPECIES RECOVERY TRUST Notes to the flnancial statements for the year ended 31 Dernber 2025 14. Movements on fvnds Balance at l January 2025 Transfers bEtween funds Balance at 31 December 2025 Income Expendf(ure Unrestrlcted ful$ Gener?1 lund 279,176 279.L76 149,017 149.017 1140,6411 1140.6411 12,7211 12,7211 284,831 284,831 Restrlct¢d fund5 Spede5 fund5 Tormentll Minlng Bee He8th nger Beetle 21 S,173 3.392 1211 1$621 15.2451 120.0531 12,2201 12.9671 12,0581 116.6751 4,611 147 5,447 2,120 Marsh Clubm0s5 Spiked Ramplon Dw4rf Milkwort Tansy Beetle New Forest Cicada WSndow-winged Caddlsfiv Cosn3rds Nlet- winged Beeye Starwed Wood-5edge Deptford Plnk Green-Barred Colonel Green Hound5ton8ue Welsh GroL¢ndsel GlutinQU5 Snail New Forest acad3 and Cosnard's Net- wlnged Beetle 5tarvÈd Wood Sedge and Goldllocks Aster Dwarf Mllkwort and Field Eryngo Goldllocks Aster and Field Eryngo Freshwater Invertebrates EU Polllnator5 Aquatlc Beetle5 UK Oversea5 Terrltoriesfunds Other restrfcted funds 18,500 2.000 190 4.150 2.967 1,679 16.175 703 925 324 9,325 2055 10338 13,141 3.800 625 4.737 113,1411 13.1991 17501 14.7371 12,1571 14.3311 11,4851 17,4551 2,855 10939 125 157 131 4.2LK) 1.5CKJ 7.455 15 4,0(K) 14,1151 115 5.000 6.692 1.260 4.950 18.526 31,31)) 6,692 11,2561 12,457) 133,8901 151,4781 2.493 1,029 5,695 16,393 25,871 83.73Q 151.i07 1181,2611 2,721 56,696 For 8 descrlptlon of funds see ne¥t page. Transfer between funds 2015 Transfers from Ger.eral fund to Restrfcted funds related to elther funds the charity pledged to contribute on 5ecurlng extern41 restrfcted funding £2,OCM) orfunds transferred to covershortfall in Restricted fund5 £721. Page 8
THE SPECIES RECOVERY TRUST Notes to the financlal statements for the year ended 31 December 2025 IS. Movements on fvnds- Prthl¥us year Balance at l January 2024 Transfers between funds Balance at 31 December 2024 Income Fxpendlture Unre5trlcted funds fjener41 fund 218.833 218,833 205,343 205,343 1142.9881 1142.9881 12,0121 12,0121 279,176 279,176 Restrlcted funds Spee5 funds Torrnentll Mining Heath figer Beetle Field Gentlan Marsh Clubmos5 Spiked Ramplon Field Cow-whe3t Dvtsrf Milkwort Tansy Beee New Forest atrdda Window-winged Caddisffy Cosnards Net-winged Beede Starved Woodedge Deptford Plllk Chlldlng Pink New FDrest aEada and Cosn8rd'5 Net-wlnged Beetle Fleld Gentlan and Dwarf Mllkwort Marsh ClulFm05s and 5taNed Wood-5edge UK Oversea5 Territorles funds Other restrirted funds 253 5,73) 6.069 11,2321 15621 18.3621 21 5,173 3392 5,000 4,150 3,685 4,5(M) 13501 12.0001 18181 11.8531 IIA541 18321 18071 11,8991 11,8701 iii 124,1171 808 io 1.768 4,679 703 9,825 3.662 12,237 1,070 2,855 10,338 24.117 1,3CKI I1,3} 6.7 16,7(Kil 9.251 21,226 41.266 36,9CKI 134,1241 132,2571 L6,393 25,871 66,793 13i.464 1120,5391 2,012 83,730 Unrestrlcted futr¥Js General fund - The gene1 fund represents the free funds of the charfty that are not deslgnated for partlcular purposes. ReSttted funds These ire fund5 Ihat can only be used for particular restricted putPOse5 whhin the object5 01 the charity. &i5- Re5trirted funds forconserYdtlDn ol a specific species are disd05ed 5epargtely. UK Overseas Terrltorles funds Separète restftcted funds were created for Income resrrlcted to UK OYersea5 territories. These were grouped together In t4e anaty5 above. other estricted und5 Separate re5trftted funds were also ¢at frpr Income wlth other restrictlons le.g. income restr5cted for use in particular place of the mainland UK or income restricted for use in training of volunteers etr.). These funds were grouped together in the analysts above. Transfer between lunds 2024 Tran5fer5 from General fund to Restrfcted funds relaled to etther funds the tharity pledged to contrlbute on se¢uilng È%tÈrnal rÈstrirted fundinE £2,000 orfunds transfÈrred kn cover shortfall in RostrittÈd funds £12. Page 9
THE SPECIES RECOVERY TRUST Notes to the flnanclal statements for the year ended 31 December 2025 16, Analys1$ of net asset$ tsthen fund5 General Fund 2025 RettCted Total Funds Funds 2025 2025 Tarkglble flxed assets Net current 3Ssets/lliabilitiesl Credftor5'. Amount5 falling due wlthin one year 2,673 283,346 11,1881 284,831 2,673 56.696 340,042 11.1881 56,696 341,527 17. Analy515 of net 0$5ets between lUT5. PrEviousyear General Fund 2024 Restricted Total Fund5 Fund5 2024 2024 Tanglble flxed essets Net current ?s$ets/lll?bllltlesl 2,028 277,148 279,J76 2,028 83,730 360,878 83,730 362,906 18. Prloryear zdlu5tment- reclass1flcaOn of restrlctedfvrbd5 Durlng the year, two cla551firdtlon errors were identlfied in the presentatlon ol restricted funds withln the prloryearfs sumkr.ary of Resrrlc¢ed Funds (Note 151. These erro related solely to the presentation 3nd groupbng of restrirted fund5. They did not affertthe totil restrkr* funds, unrestricted fvnd$. nÈt assets. ortne Statement of FJnancialAttlvities lo.. the prior year. The flgures In Note 15 have been re5tatEd. Page 10