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 ȥamlnatloTh 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 p￿para￿on of the acco￿nts 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 h￿e followed all the applicable Directions given bythe chafity Commlsslon under secUpn 14515llbl of thE
2011 Act,
INDEPENDENT EXAMINER5 STATEME
The Trust's gross income ex￿eded £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
examina￿On 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
Cmr*￿t
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
3*11715
362,906
edtiory.. Amwr4ts tsiiin¥due￿0r moyethon rfftyttr
1.188
Total n•¥wtJgrllablHlle5
34]￿17
362.906
Th*fvnds olth*4hwTty:
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 fon*partofthesèltnancla15taternertS
Py3

THE SPECIES RECOVERY TRUST
Notes to the financial statements for the year ended 31 December 2025
A￿OUntIng polldes
asls of preparatlon
The financial statements have been prepared under the hIStor￿al wst ￿nventIon wr(h itern5 reco8nised at C05t or
transactlon value unless otherwlse 5ta+ed in the relevant notelsl to tl*se account5.
The flnanclal Statements have bEen prepared in accordan￿ wlth the StatemeDt of Recommended P￿CtIce.. 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 charl￿eS 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 s5gnfft￿nt1￿dKernent5thataffeCt ttems Inthe a(£ounts.
There were no SIgn￿ltant 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 m*erfal 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 partItu￿r ￿$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 COm￿etiOn 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 del￿ery 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 cred￿Or$ 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 obllg*ion can
be measured or e5timaled reliably. CredFtor5 are nomially recognised at theirsettlement amount.
P¢nsl•n Costs
Employer pensian ¢(>ntributions payabletothe charty'5 defined contrfbU￿0n 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
AVe￿￿e nurnber of ernployees
One employee emoluments for the year (not indudlnK employer pen510n contribution5 nor employeT national
Insurance contdbU￿0n 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 rernunerat￿n
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 contribrt￿n5.
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
DepreCIa￿on
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 De￿rnber 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
9￿25
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
Spe￿e5 funds
Torrnentll Mining
Heath figer Beetle
Field Gentlan
Marsh Clubmos5
Spiked Ramplon
Field Cow-whe3t
Dvtsrf Milkwort
Tansy Bee￿e
New Forest atrdda
Window-winged Caddisffy
Cosnards Net-winged Beede
Starved Wood*edge
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 gene￿1 fund represents the free funds of the charfty that are not deslgnated for partlcular
purposes.
ReSt￿tted funds
These ire fund5 Ihat can only be used for particular restricted putPOse5 whhin the object5 01 the charity.
&i￿￿￿5- 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$ tsth￿en fund5
General
Fund
2025
Rett￿Cted 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$5ets between lUT￿5. PrEviousyear
General
Fund
2024
Restricted Total
Fund5
Fund5
2024
2024
Tanglble flxed essets
Net current ?s$ets/lll?bllltlesl
2,028
277,148
279,J76
2,028
83,730 360,878
83,730 362,906
18.
Prloryear zdlu5tment- reclass1flca￿On 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