Company registration number: CE000516 Charity registration number.. 1152615 Birds of Poole Harbour (A Charitable Incorporated Organisation) Annual Report and Financial Statements Year Ended 31 March 2025 Charity registration number.. 1152615
Birds of Poole Harbour Contents Trustees. Report 1to22 Reference and Administrative Details 21 Independent Examiner's Report 23 Statement of Financial Activities 24to25 Balance Sheet 26 Notes to the Financial Statements 27to39
Birds of Poole Harbour Trustees, Report The trustees present the annual report together with the financial statements of the charitable inGorporated organisation for the year ended 31 March 2025. Objects: Birds of Poole Harbour is a CIO based in Dorset. dedicated to understanding. improving and interpreting the local birdlife through delivering local conservation and outreach projects with national impact. We became established as a charity in 2013. with the core objectives of: Delivering innovative and high-impact conservation projects focused on reversing ecological population decline as well as initiating habitat creation with project partners. DelNering a calendar of public engagement events, outreach programmes including school education programs. and improving engagement infrastructure across the Poole Harbour area. Developing a working knowledge of the bird populations and habitats within the Poole Harbour area through commissioning and conducting studies and surveys Introduction: From P8uI Morton, Ch8ir of Trustees, and Liv Elwood. Charity M8n8ger Once again, we have had our most successful year to date for Birds of Poole Harbour, thanks to our dedicated team and generous supporters. With our strengthened structure and increased size of our staff team. we have been able to build on previous years, successes and continue to grow. particularly in the scale of our public outreach. A testament to this success was the recognition we received at the Dorset Tourism Awards 2024125, where we won the Gold Award for Experience of the Year for our Osprey Cruises. The Osprey Project has had another fantastic year. with the pair at Careys Secret Garden successfully rearing four chicks. and another pair prospecting as a result of the translocation project. With improvements to the Osprey webcams, we have seen a fantastic number of people engaging wtth the nest at Careys. this year. benefiting also from upscaling the tours running in partnership with Careys Secret Garden. Page 1
Birds of Poole Harbour Trustees, Report We are also proud to have set up our new Young Birders Club. with support from the Cameron Bespolka Trust, to provide more free opportunities for young people to engage with nature and our local landscape. It has had excellent uptake and is a project we intend to grow year-on-year. Looking ahead to 2025126, we will be bringing on our seasonal Engagement and Projects Assistant, Mya. into our permanent team, helping us continue this growth in our engagement work and expand the impact of our conservation projects. Whowe are: Our Vision: Insplrlng hope ft)r nature Our vision is simple: that we are able to inspire people through our project work and educational events, so that they feel hopeful for the future of nature in Poole Harbour and beyond. Local nature recovery projects and high-quality. informative events delivered with passion and enthusiasm are essentiaLto achieving this vision. Our Mission: To innovate and deliver bold projects and educational events that benefit Poole Harbour's birdlife and (ocal community. Our Values: Authentic." BiTds of Poole Harbour {BoPH) was founded by people deeply passionate about Poole Harbour's birdlife, and this passion resonates throughout our team and volunteers. We value the individual personalities and opinions of each of our staff and what they bring to their roles. We speak up for what we care about and believe in. Kind.. We strive to always be kind. whether it's to our environment. employees or customers. We appreciate that everyone comes from different backgrounds. has various levels of experience and knowledge. and are joining our events for their own reasons. We seek to make everyone feel welcome and ensure that they get the most out of our events. Page 2
Birds of Poole Harbour Trustees, Report Ambitious.. Our ambition is two-fold. Firstly, we aim to be innovative and bold with the projects that we deliver to support our birdlife and the local environment. Secondly, we are driven to run our events to the highest possible standard. working hard to keep our information up to date. interesting. and engagingfor allwho attend. Effective.. We operate as a small team. so being effective is essential. We don't want to waste time or money getting tied up with unnecessary bureaucracy. We want to identify ways we can support our local environment and its community. and make it happen. Our Impact: Conservation Projects: Poole Harbour Osprey Project The 2024 Osprey breeding season was the best we could have possibly hoped for. For the first time ever. our resident breeding pair raised four chicks. This is an incredible achievement for the project as all four were maLe. meaning there's a high chance one or two will return to the Poole Harbour area to breed in future years. Not only did we achieve success here within Poole Harbour. we also learnt that another of our male Ospreys from the reintroduction program started setting up a territory at a new location. To aid the potential success of this new territory. we liaised with a sympathetic landowner who allowed us to build an Osprey plattorm on his land. This had an immediate effect as our male Osprey, ring number 374. immediately paired up with a Rutland female. ring number 1 H1. and started nest building on the new nest during August 2024. ALthough this was too late for a breeding attempt, it's an incredibly positive sign that this pair may attempt to breed at this location in spring 2025. TTUStee Paul Morton ringing the 2024 Osprey thc&s Page 3
Birds of Poole Harbour Trustees, Report We also reached another milestone when our first ever wild fledged chick from the Carey Secret Garden nest, female 5H1. returned for the first time as she spent the summer roaming the country visiting Poole Harbour. the East Midlands and multiple sites in Wales. This is another great sign that she'll look to set up a territory somewhere in the country next spring. meaning thatwe could start to see multi-generational success within our project. We also saw success in Wales where three of our females from the reintroduction program nested at various sites. providing the connectivity between populations that we hoped would happen. We decided to hold off carrying out the Osprey translocation once again in 2024 due to the fact our toGal pair were raising 4 young so close to our original release site. We'll continue to monitor the situation because we may find ourselves in the position over the next few years that we have enough'wild nests. within the landscape. producing enough youngsters to re-establish the population without having to collect more Osprey chicks from Scotland. Fema Osprey CJ7 piotecling hef first egg on the nest. 2r24 Brcox." L to 5R1 then 022 aTrJ GY7 takèn Bifds of p(le Harbour livestream webcam Brittany's PhD In 2024125, Brittany made excellent progress towards her PhD. completing analysis for her first PhD chapter and writing up her results and methods. Her superdisors. Prof Richard Stillman. Prof Ross Hill, Dr Pippa Gillingham and Dr Tim Mackrill, were all pleased with her progress and were confident that she would be able to submit at least one paper to a journal in the next academic year, to disseminate the research. Page 4
Birds of Poole Harbour Trustees, Report Brittany also applied skills she has gained through her PhD to further our work in other areas of the charity, particularly in the population and habitat analysis for our Purbeck Chough Reintroduction Feasibility study. Additionally, in November. she gave presentation at the British Ornithologists Union (BOU) Conservation Translocation conference about the Poole Harbour Osprey Reintroduction Project.. the first time the charity has given a talk at an official academic conference. This will help to build wider contacts within the sector and to raise greater awareness of the charity and our work nationally. Recoverlng Populatlons: Dorset Swift Communities Introduction from 2023124: In February 2023. the Dorset Swift Network was established to coordinate monitoring of Swift populations in Dorset and their conservation. The network comprises of conservation partners across Dorset. including BOPH. BCP Council. Dorset Council. Dorset Bird Club. Christchurch Harbour Ornithological Group, Purbeck and Swanage Swift Group. Dorchester Bird Club. Dorset Wildlife Trust, the Parks Foundation and Wimborne Swifts. From 2024-2025, the Dorset Swift Network continued to provide an important opportunity for groups to share contacts and advsce for Swift box installation, conservation, and public engagement. Back in 2023. we fundraised through the Aviva Save our Wild Isles Fund, raising £9.705. The funding criteria stated that the majority of the money must be spent in areas of higher deprivation. to benefit local communities. Data from Swift Mapper and Indices of Multiple Deprivation were used to produce priority postcodes. Swift Boxes Installed on Poole Museum Swift Network Partnership Image Page 5
Birds of Poole Harbour Trustees, Report Between 2024-2025. £1,218 was spent, primarily on engagement materials like 250 leaflets and 2 'WelGome back Swifts, banners for Swanage and Wareham Swifts. We also purchased 40 Swift boxes from John Stimpson for distribution to the network. The annual Swift Awareness Week provided an opportunity for Swift Groups to engage with their local communities through talks. walks. and surveying opportunities. Looking ahead to 202512026, we plan to launch a free Swift box initiative, having purchased 100 boxes from John Stimpson for delivery over Autumnlwinter. Boxes and callers will be available free of charge for houses in priority areas and delivered by the relevant local Swift Group. Purbeck Chough Reintroduction Feasibility Study Since 2022. we have been workingwith the Roy Dennis Wildlife Foundation. Natural England and the National Trust to create a Purbeck Chough Reintroduction Feasibility Study. Throughout this financial year. we continued working on this document. particularly focusing on developing the methodology for the translocation of wild Chough. In June. Brittany and Liv visited the Kent Chough Reintroduction Project to see the captive rearing and release site facilities and learn from the husbandry approaches used there. We also sought other expert feedback. giving updates at the Southern England Steering Group and presenting our findings in online talks forthe Welsh Chough Group, Scottish Chough Forum and a poster at the British Ornithological Union {BOU) Conservation Translocation conference. This also formed part of our efforts to establish contact with those monitoring potential source populations. Brittany and Sam visited Jane Hodges and Bob Haycock in Pembrokeshire and Tony Cross in Mid-wales in March to see Chough in a suitable habitat and disGUSS the potential for sourcing birds from Wales. Surveys: WeBS (Wetland Bird Survey) The Wetland Bird Survey IWeBS) scheme is managed nationally by the British Trust for Ornithology (BTO). assessing the health of important wetland bird populations across the UK. including Poole Harbour. through volunteer-led surveys. The winter assemblage of wetland birds in Poole Harbour is a qualifying feature of the Poole Harbour Special Protection Area (SPA). and so it is important that WeBS is accurately coordinated and carried out each winter. Page 6
Birds of Poole Harbour Trustees, Report Birds of Poole Harbour manage these surveys, giving us the opportunity to also educate the public about the importance of WeBS and the impact of citizen science projects on protecting our local landscape. The surveys themselves are carried out by 32 dedicated volunteers, many of whom have been involved for over 10 years. Their contributions to the WeBS surveys directly contribute to Poole Harbour's ongoing protection and designation. Our Impact= Public Engagement and Education School Bird Boat Project We have been delivering the School Bird boat Project since the charity was founded, and view it as one of our most important pieces of engagement work. During the winter and early spring. we offer local primary schools free 2-hour harbour boat trips. including travel to and from Poole Quay. With an ever-improving landscape, we feel it's our duty to not only inspire and enthuse the general public. but to also inform and showcase this remarkable place to local school children. Over the last few years these trips have evolved dramatically as we're now able to show the children the direct results of various conservation projects including hunting Ospreys and fly-by White-tailed Eagles. This is now starting to change the baseline understanding for what local children consider as 'normal' within their home areas. White-tailed Eagles and Ospreys have been absent from this landscape for centuries. However, these Ghildren will now grow up having experienced these iconic species as being a part of their natural heritage, effectively re-setting a historic environmental injustice. Local PTimary Sch1 Children enp)yirw a School 8ird Boat Page 7
Birds of Poole Harbour Trustees, Report On every trip this season we showed the children one or more of: White-tailed Eagle, Marsh Harrier. Peregrine Falcon or Osprey. These exciting and charismatic species WILI hopefully demonstrate nature recovery and the importance of conservation to all the children on these trips. with memories theywill neverforget. Education is a significant part of these trips. Each child receives their own pair of binoculars for the duration of the trip. bringing them even closer to the birds. We demonstrate and discuss with all the children the bountiful nature of Poole Harbour, the important protections, and the busy human aspects of the area as well. Each child Learns to identity a range of birds. interesting facts about the harbour and nature recovery, while also having the opportunity to complete worksheets after the trips. All of this works to give the children an engaging and inspiring outdoor education experience focused on nature and birds. We were able to run these trips free of charge again this year thanks to generous sponsorship from cosmetics company Lush. This funding covered the cost of the boat and coach hire. allowing children from local schools to attend free of Gharge. Lush has kindly Gonfirmed that they will continue to sponsor the School Bird Boat Project in 2025-26. Over the 2024-25 School Bird Boat Season. we carried out a total of 23 trips, engaging with 1288 Ghildren as part of the funded project and ran a further 3 trips for schools outside of the project. Young Blrders In September 2024. we launched a brand new project for young people. a Poole Harbour Young Birders Club. This club aims to bring together a community of like-minded 13-18-year-olds. interested in birding and conservation. Each month. we've put on an exciting event based around birding, nature recovery or conservation, all completely free to the young people. Pool• Harb(•ur Youn9 Bird•rs aub Page 8
Birds of Poole Harbour Trustees, Report Young Birders Events - Left: YB Ringing Demo in October 2024 Riqht: YB Winter Safari in January 2025 The project has been very kindly supported for 1 year by the Cameron Bespolka Trust, who do a huge amount of work with young people and nature. They have provided funding to allow us to run the project. host the events and provide equipment and transport. We've hosted a whole range of events aimed at giving young people the opportunity to learn and access nature in a welcoming manner. These have included Bird Ringing Demonstrations, a Birds and Conservation Cruise, Wild Woodbury Rewilding site visit, Brownsea Island Visit and more guided bird walks In the 2024125 season. we had over 90 young people sign up. and we ran six young birders events. The project will continue to grow and develop. engaging with more young people and running more inspiring events. Our Event Schedule Our education and engagement events have expanded significantly over the past few years. educating and inspiring a wide range of people. We feel this is such an important part of nature conservation, by providing uplifting. educational engagement. we are hopefully encouraging more and more people to care about nature's recovery. Not only this. but also benefiting people's learning and mental wellbeing. providing connection and access to nature. Page 9
Birds of Poole Harbour Trustees, Report People are now travelling from across the country to see and learn about the pioneering nature recovery work taking place here. whether it be species reintroductions, rewiLding projects. or landscape-scale nature recovery. Our events interpret this nature recovery in an inspiring. educationalway by providing examples of species recovery in action. such as Osprey. White-tailed Eagle. and Spoonbill. We show people these charismatic species of conservation importance while interpreting identification. ecology and conservation in a relaxed and informative manner. We now know that a targe proportion (around 51 %) of people travel from outside Dorset to attend our events. and many stay for multiple nights in the local area. with the primary reason for travel beingto attend a BOPH trip. Top left. Holes Bay Pop Up Watch - January 2025. Top right. Autumn Safari - October 2024. Bottom left" V¥hite Tailed Sea Eagle - Mark Wright. Bottom nght" Uniinged Osprey SPK)tted from Osprey Cruise - August 2024, Mark Wnght. In the 2024125 season. we carried out more public engagement events than ever before, running a total of 305 paid events. including 113 boat trips. engaging with 8533 people. In addition to our paid public events. we think it's essential to offer a certain number of free events to make BOPH events accessible to all. This year (aside from all our youth engagement events), we held 13 free pop-up watches focused on Osprey and Eagle Watches or Winter Bird ID hotspots. as well as 9 free urban birding walks. Page 10
Birds of Poole Harbour Trustees, Report As our event programme has grown and the number of people we are engaging with. it has been excellent to receive awards for our work and events. In February 2025, we were awarded the Gold Award for Experience of the Year at the Dorset Tourism Awards. This is a testament to the hard work of the entire team. and to the impact our events are having, both on high-quality education and on ecotourism in our local area. We were also awarded the TripAdvisor Traveller's Choice award for the third year running. OnLlne Engagement and Slghttngs Through our website and social media. we keep the public informed about our project work and local bird news. and provide an opportunityfor thousands of people to engage with wildlife via our webcams. Website & Sightings Blog We aim for our website to be a hub of valuable information to a range of people interested in wildlife and birds. In addition to providing extensive intormation about local birding sites, it is regularly updated with blogs about the Osprey project. keeping the public up to date on the project's progress and the nesting pair. Our sightings blog is completed daily. highlighting bird records from around the harbour in an accessible way and showing the importance of our local area for nature and as a birding destination. The blog is an essential part of public engagement, encouraging birders to report their local sightings and providing write-ups of the wildlife we experience during our events. It is also a valuable resource for revisiting historical accounts and comparing annual records of bird sightings. We plan to update the website in 2025 to make key information easier to find and better promote the charity. Page 11
Birds of Poole Harbour Trustees, Report Facebook continues to be a popular plattorm for us to storytell. with 14k+ followers actively engaging in our posts. We've also started utilising Instagram and TikTok. which has generated a new set of followers and audiences. which is being converted into new customers onto our events. On Jan 1 st 2024. we decided to Leave Twitter due to the negative change in content and algorithms that were being seen on our feed, and have since been using Bluesky. which is a much more welcoming plattorm and seems to be building in popularity. Livestream Webcams Our Osprey continued to be an important source of engagement, enjoyed by thousands of peopLe online. and shown in schools, off ices. libraries, shops. and hospital waiting rooms. We received lovely feedback about the well-being impact of the cameras from several members of the public. including several people who had been bedridden for several months and said that the livestreams had helped them through this challenging period. A teacher of students with Special Educational Needs also said that she played the footage to her class at the beginning of each day. and that it had such a calming influence on them that other teachers asked her what it was she was doing to help the students. nest web cameras White Tailed Sea Eagle - Harry McBride The Brownsea cameras were streamed throughout the year. but continue to suffer from dropouts due to power and network outages and the remote Location. Both cameras were taken offline on several occasions between October and January whilst the Dorset Wildlife Trust carried out upgrades to their hide and path infrastructure on Brownsea Lagoon. and in February. they remained off due to essential electrical works taking place on the island. The Carey feeder camera connection was lost during a storm. and we were unable to restore it. which likely caused damage to one or more pieces ol equipment. This could not be fixed before the end of the winter. So this was a good opportunity to look for an alternative location for the feeding station and camera, which we will aim to set up in the next financialyear. pending funding. Page 12
Birds of Poole Harbour Trustees, Report OurTeam & Partnerships: Our Staff & Trustee Board Staff Mya Bambrick joined the team in April 2024 to support events. and later assisted with the Dorset Swift Communities Project. Mya brings a wealth of previous experience in youth engagement. including serving as a Youth Representative for the British Trust for Ornithology in Dorset and Sussex, a Council member of the Sussex Ornithological Society for over 6 years, and having shaped the Sussex Wildlife Trust's Youth Engagement Strategy. Over the Summer. she led many of the Carey Osprey Tours and assisted with all events. including our Young Birders Club. Trustees There were no Ghanges to the trustee board in 2024125. Thank you to all of our trustees for the time they give to support Birds of Poole Harbour. Volunteers Much ofthe work that we do as a charity is achieved with the support of our generous volunteers, including on our Osprey Project. School Bird Boat Project and Young Birders Club. We are extremely grateful forthe huge effort made this year. with the following hours given by our team of volunteers: Osprey project O Monitoring: 508 hours O Events: 759 hours including Osprey Tours {492 hours), Pop-ups (33 hours) and Cruises (234 hrs) School Bird Boat and Young Birders hours 0 144 hours Page 13
Birds of Poole Harbour Trustees, Report Partnership Working Developing strong partnerships is an essential part of our charity's work. ensuring we work towards a common goal with organisations to benefit both wildlife and people in the local area. We have highlighted some of the key partnerships that have played an essential role in our work this year. Greenslade Pleasure Boats: We strengthened our relationship with our boat providers this year. with Greenslade Pleasure Boats continuing to deliver our public trips, and taking on our School Bird Boat delivery for the 2024-25 season. We are continually grateful for the high standard of service that Greenslades deliver. allowing us to take pride in the way we run our events with them. Wareham Arc: Birds of Poole Harbour have sat on the PACEE and Species Recovery sub-groups for the Wareham Arc Landscape Recovery Project planning phase. We are very supportive of this ambitious initiative and Look forward to being involved in 2025-26. Careys Secret Garden: We delivered several events in partnership with Careys Secret Garden this year. including our new Carey Osprey Tours. as well as ringing demonstrations and Osprey-themed events for their Migration Festival in January. (Image.. Ringing Demo for National Trust 8t Careys Secret Garden) Roy Dennis Wildlife Found8tion: The Foundation is a long-standing partner of Birds of Poole Harbour, being key partners in the Osprey Project. This year, our relationship has further developed through our work on the Purbeck Chough teasibiLity study. Stour Ringing Group: We delivered our Sunnyside Ringing Demos in partnership with Stour Ringing Group again this year. with the group receiving a share of the profit made from these educational events. We're grateful tor their support with these events. which wouldn't be possible without them. Forestry Engi8nd.' The White-tailed Eagle reintroduction has been a huge success already. galvanising people's excitement for nature recovery. The project was a joint project between Forestry England and the Roy Dennis Wildlife Foundation. During the course of the year we welcome the Eagle Project team. Steve Eggerton-Read and Imogen Lloyd onto our cruises to talk about the project and how their work complements ours here in Poole Harbour. Page 14
Birds of Poole Harbour Trustees, Report The Nation81 Trust: The National Trust Purbeck team are responsible for a whole range of great projects in and around the Purbeck landscape. They're also significant landowners in this area: therefore. we've decided to partner with the NT Purbeck team for our proposed chough reintroduction. We've worked closely with their team to identity suitable release sites and to help build relationships with the Cornish NT teams. Flnanclal Overvlew: Summary of Income With growing public interest in the charity and our events. wee had a hugely successful year, allowing us to make a greater impact than ever before. This year marked our best performance to date in terms of engagement and event income, with a 660/0 increase in gross profit from events compared to the previous year. The growth was primarily driven by a 40% increase in public boat income compared to the prior financial year. We also saw a significant rise in attendance and public interest in our guided Carey Osprey Tours, run in partnership with Careys Secret Garden, resulting in a 157% increase in revenue. We aim to continue offering these tours as interest in the nesting Ospreys grows. providing a unique opportunity for people to learn about these special birds in the setting of Careys Secret Garden. Our corporate event offering also expanded, delivering a 55% increase in revenue compared to last year. Paid talks proved increasingly popular. generating a 106% rise in income. Additionally, changes in staff availability allowed us to run more courses and NightjarwaLks this year. which contributed to an average revenue increase of 109%. Income from donations and fundraising decreased by 15%. but this had minimal impact due to the substantial increase in event revenue. Birds of Poole Harbour does not employ professional fundraisers for its activities: as a result, with a busy event schedule, it can be challenging to allocate time to fundraising research and applications. Page 15
Birds of Poole Harbour Trustees, Report Report Categories 202412025 202312024 Public Cruises £204.926 £146,838 Carey OspreyTours £27.202 £10.568 Corporate & Private Events £12.460 £7,662 All Other Events £8.216 £7.544 Merchandise and Other £4.012 £257 £256.816 £172,869 The most significant cost increase was due to staff salaries. This has resulted in a 42% increase in salary costs from £116.833 in 23124 to £165,397 in 24125. However. this was a sound investment for BOPH as without the team and all their knowledge. expertise and hard work. we wouldn't have been able to deliver such an extensive events and engagement schedule. and maintain a high quality of project work. Our cost of sales for events increased by nearly 2396 compared to the previous year, primarily due to the delivery of more boat trips. which led to higher boat-hife costs. To mitigate some of these increased costs, we increased our cruise ticket prices at the start of 2025, keeping them still at excellent value for money. as was shown in our customer feedback. Our office spaces continue to be generously provided to us as a gift in kind, which means our overheads remain low. Despite the cost increases. the overall retained earnings (profFt) from our events still increased by 66% compared to 2023124, and our financial position continues to strengthen year on year. Page 16
Birds of Poole Harbour Trustees, Report Expenditure 202412025 Salaries £165.937 Cost of Sales £76,978 Project Costs £25.804 General Expenses £53.268 Professional Fees £11,918 Other {Bank Fees and Depreciation) £13.001 Total £346,726 Retros ective VAT Re istration Due to a misunderstanding of the complex VAT rules governing taxable supplies for charities, including the Tour Operators Margin Scheme (TOMS), we mistakenly relied on historical advice indicating that a significant proportion of our supplies were outside the scope of VAT. Our external auditors identified this error during their examination of the 2023-24 annual accounts. We acted promptly to clarify our position and provide full disclosure to HMRC. The correct effective date of registration was determined to be 1 September 2023. Given the complexity of the TOMS rules, we engaged specialist third-party advisors to assist with the VAT calculations for our initial return. We subsequently wrote to HMRC to explain our circumstances and to request that any penalties be waived. HMRC formally advised us that they did not intend to take any action against BOPH in this matter. To ensure ongoing compliance, we will annually review our VAT position with the support of specialist advisors. Page 17
Birds of Poole Harbour Trustees, Report Fundraisin & Reserves Fundraisin Our most significant fundraising income is generated online, primarily through our website using JustGiving Checkout. and via specific campaigns hosted on the JustGiving Fundraising plattorm. We also fundraise at our events using donation buckets and portable card machines. all ot which are optional and entirely donor-led. In 2024125. we ran multiple fundraisers throughout the year via JustGiving, alongside our JustGiving Checkout, which allows supporters to make either regular or one-off donations. Foi our Osprey Project fundraiser. donors could contribute through our publiG JustGiving page or directly via the JustGiving Checkout on our website. Thanks to their generosity, we raised £2,615 in total. We also launched a public JustGiving campaign in December to raise funds for new optics for our Schools, Birds Boat Project. which successfully generated £1.645 for the charity. In addition. our General Appeal through JustGiving Checkout raised £7.890 in unrestricted funds. Through Gift Aid. we reclaimed a total of £15.058 this year. Please note that this figure does not necessarily relate solely to fundraising activities undertaken in 2024125. as Gift Aid claims can take a significant amount of time to process and be received. Birds of Poole Harbour does not employ professional fundraisers and does not operate a membership scheme. Reserves Statement Birds of Poole Harbour has established a reserves policy whereby unrestricted funds not committed or invested in tangible fixed assets should be maintained at a level sufficient to address the red flag risks identified in our Risk Register. This amount is currently set at £47.287. Page 18
Birds of Poole Harbour Trustees, Report Looking ahead to 2025126, as our team continues to grow. we aim to increase our reserves to cover approximately 3 months of staff salaries, thereby enhancing the charity's financial resilience. Acknowledgements Thank you to all our supporters who have donated to the charity or attended our events this year. Special thanks to the following people and organisations for their donations and support this year. The Beryl Evetts & Robert Luff Animal Trust Lush Cosmetics Ltd Love it Local Mark and Mo Constantine Mike Allen BTO Greenslades Pleasure Boats Excelsior Coaches Stour Ringing Group Dorset Tourism Awards Careys Secret Garden DeterTech Dorset Bird Club Dorset Police Dorset Wildlife Trust Lord RockleyTrust Roy Dennis Foundation National Trust Natural England Fundacion Vida Silvestre Mediterranea (FVSM) Wild Justice The Cameron Bespolka Trust Opticron Osprey Europe BCP Council Page 19
Birds of Poole Harbour Trustees, Report Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. The annual report was approved by the truStS of the charity on 8 January 2026 and signed on its behalf by: Paul Morton Chairman Page 20
Birds of Poole Harbour Trustees, Report Reference and Administrative Details Chairman Paul Morton Trustees lan Alexander Margaret Constantine Sam Jolliffe Charity Registration Number 1152615 The charity is incorporated in England and Wales. Carey House Carey Wareham Dorset BH20 7PG Principal Office Independent Examiner PKF Francis Clark Accountants and Statutory Auditors Towngate House 2 - 8 Parkstone Road Poole Dorset BH15 2PW Bankers Co-operative Bank 1 Baloon Street Manchester M4 4BE Metro Bank One Southampton Row London WC1B SHA Page 21
Birds of Poole Harbour Trustees, Report Statement of trustees. responsibilities The trustees (who are also the directors of Birds of Poole Harbour for the purposes of company law) are responsible for preparing the trustees. report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable incorporated organisation and of the incoming resources and application of reSoUrs. including its income and expenditure, of the charitable incorporated organisation for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently- observe the methods and principles in the Charities SORP" make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disdosed and explained in the financial statements" and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable incorporated organisation and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. Approved by the trustees of the charity on 8 January 2026 and signed on its behalf by: Paul Morton Chairman Page 22
Birds of Poole Harbour Independent Examiner's Report to the trustees of Birds of Poole Harbour ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the trustees of Birds of Poole Harbour (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act.). Having satisfied myself that the accounts of Birds of Poole Harbour are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confim) that l am qualified to undertake the examination because l am a member of Institute of Chartered Accountants in England and Wales. which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. 1. accounting records were not kept in respect of Birds of Poole Harbour as required by section 386 of the 2006 Act" or 2. the accounts do not accord with those records" or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or 4. the accounts have not been prepared in accordance wtth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Adrian Way FCA (a Director on PKF Francis Clark Accountants and Statutory Audilors Towngate House 2 - 8 Parkstone Road Poole Dorset BH15 2PW 8 January 2026 Page 23
Birds of Poole Harbour Statement of Financial Activities Year Ended 31 March 2025 (Including Income and Expenditure Account) Unrestricted funds Restricted funds Total 2025 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 59,596 256,816 1,193 42.439 102,035 256,816 1,193 Total income 317,605 42,439 360,044 Expenditure on: Charitable activilies (317.809) (28,917) (346,726) Total expenditure (317.809) (28,917) (346,726) Net (expenditure)lincome (204) 13,522 13,318 Net movement in funds (204) 13,522 13,318 Reconciliation of funds Total funds brought forward 100.962 28,347 129,309 Total funds carried forward 15 100.758 41,869 142,627 The notes on pages 27 to 39 foTh an integral part of these financial statements. Page 24
Birds of Poole Harbour Statement of Financial Activities Year Ended 31 March 2025 (Including Income and Expenditure Account) Total 2024 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities Investment income 98,406 172,869 733 34,747 133,153 172,869 733 Total Income 272,008 34.747 306,755 Expenditure on: Charitable activilies (231.008) (30,114) (261,122) Total Expenditure (231.008) (30,114) (261,122) Net income Transfers between funds 41.000 4.633 45,633 Net movement in funds 40.998 4,635 45,633 Reconciliation of funds Total funds brought forward 59.964 23,712 83,676 Total funds carried forward 15 100,962 28,347 129,309 The funds breakdown for 2024 is shown in note 15. The notes on pages 27 to 39 foTh an integral part of these financial statements. Page 25
Birds of Poole Harbour (Registration number: CE000516) Balance Sheet as at 31 March 2025 2025 2024 Note Fixed assets Tangible assels 26.606 33,516 Current assets Stocks Debtors Cash at bank and in hand 12 13 834 4.732 213,797 3,736 160,066 219,363 163,802 Creditors: Amounts falling due within one year 14 (103,342) 68,009) Net current assets 116,021 95,793 Net assets 142,627 129,309 Funds of the charity: Restricted income funds Restricted funds 41,869 28,347 Unrestricted income funds Unrestricted funds 100,758 100,962 Total funds 15 142,627 129,309 The financial statements on pages 24 to 39 were approved by the trustees. and authorised for issue on 8 January 2026 and signed on their behalf by: Paul Morton Chairman The notes on pages 27 to 39 foTh an integral part of these financial statements. Page 26
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 1 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statemenls are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporling by Charities.. Statement of Recommended practi (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP {FRS 102)), the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Birds of Poole Harbour meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise staled in the relevant accounting policy notes. Going concern The financial statements have been prepared on a going concem basis. The trustees consider there are no malerial uncertainties about the charivs ability to continue as a going concern nor any significant areas of uncertainly that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow statement The charily adopled Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statemenet in these financial statements. Income and endowments All income is recognised On the charity has entitlement to the income. it is probable that the income will be received and the amount of the income receivable can be measured reliably. Donations Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met. or the fulfilment of those condilions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Page 27
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 Deferred income Deferred income represents amounts reiVed for future periods and is released to incoming resources in the period for which. it has been received. Such income is only deferred when: The donor specifies that the grant or donation must only be used in future accounting periods. or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Investment income Bank interest is recognised when it is received. Charitable activities Engagement centre sales are recognised when goods are sold. Boat trips and tour income is recognised when the trips take pla. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable seltlement is required and the arnount can be measured reliably. All costs are allocated to the applicable expenditure heading Ihat aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent wilh the use of resources. with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those cosls of an indirecl nature neSSary to support them. Governance costs These include the costs attributable to the chariWs compliance with constitutional and statutory requirements. including audit, strategic management and trustees meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapler 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the exient that such income or gains are applied exclusively to charitable purposes. Tangible fixed assets Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Page 28
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value. over their expected useful economic life as follows: Asset class Office equipment and website Fumiture and fixtures Conservation assets HQ equipment Depreciation method and rate 3 and 5 years straight line 5 years straight line 3 and 5 years straight line 3 years straight line Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction pri. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right. at the end of the reporting period, to defer settlement of the creditor for at least e1ve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporling date, they are presented as non-current Trade creditors are recognised initially at the transaction pri and subsequently measured at amorlised cosl using the effective interest method. Fund structure Unrestricted income funds are general funds that are available for use at the trustees. discretion in furtheran of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes. the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined contribution pension scheme. Contributions are charged in the Statement of Financial Activities as they become payable in accordance with the rules of the scheme. Page 29
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 2 Income from donations and legacies Unrestricted funds General Restricted funds Total 2025 Total 2024 Donations and legacies- Donations from individuals Gift aid reclaimed 44,538 15,058 42,439 86,977 15,058 118,817 14,336 59,596 42,439 102,035 133,153 3 Income from charitable activities Unrestricted funds Designated Total 2025 Product Sales Public Bird Boat Income Other income 939 204,926 50,951 939 204,926 50,951 256,816 256,816 Unrestricted funds General Total 2024 Product Sales Public Bird Boat Income Other income 257 146,838 25,774 257 146,838 25,774 172,869 172,869 4 Investment income Unrestricted funds General Total 2025 Total 2024 Interest receivable and similar income- Interest re1vable on bank deposits 1,193 1,193 733 Page 30
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 5 Expenditure on charitable activities Total 2025 Total 2024 Purchases Delivery charges Books Light, heat and power Insuran School boat trip costs Surveys Conservation work Repairs, renewals and equipment People engagement Telephone costs Travel and subsistence Computer cosls Printing, postage and stationery Training Refreshments Equipment hire Public boat trip costs Other costs Publicity Consultancy Recruitment cost Student Grant costs Wages and Salaries Bank charges Credit card charges Governance costs ( see note 6) Depreciation VAT adjustment relating to prior period 41 15 18 45 3,610 9,430 8,036 4,571 16,359 6,111 2.199 1.961 1.701 1,022 1,819 6,790 675 2,343 938 1,272 72,338 11.837 3.081 1,135 555 2,163 165,937 265 4,640 11,918 12.736 12,327 548 1,508 1,457 892 5,661 871 4,408 493 1,860 65,612 6,097 1,344 40 504 2,163 116,833 282 3,814 8,342 17,231 346,726 261,122 Page 31
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 6 Analysis of governance and support costs Governance costs Unrestricted Total 2025 Total 2024 General Independent examiner fees Examination of the financial statements Accountancy Fees 5,940 5,978 5.940 5.978 5,400 2,942 11.918 11.918 8,342 7 Net incomingloutgoing resources Net incoming reSoUrS for the year indude: 2025 2024 Depreciation of fixed assets Independent Examination Fee Accountancy Fees 12.736 5.940 5.978 17,231 5,400 2,942 8 Trustees remuneration and expenses No Irustees, nor any persons connected with them. have reiVed any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page 32
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 9 Staff costs The aggregale payroll costs were as follows: 2025 2024 Staff costs during the year were: Wages and salaries Social security costs Pension costs 151,962 8.693 5.282 108,158 5,171 3,504 165,937 116,833 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year expressed as full time equivalents was as follows- 2025 2024 Average number of employees No employee received emoluments of more than £60,000 during the year. 10 Taxation Birds of Poole Harbour is a registered charity and its activities are therefore exempt from taxation. Page 33
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 11 Tangible fixed assets Office equipment and website Motor Furniture and Conse vehicles fixtures Cost At 1 April 2024 Additions 54,372 12,500 1,034 Al 31 March 2025 54,372 12,500 1,034 Depreciation At 1 April 2024 Charge for the year 54.372 104 1,250 1,034 At 31 March 2025 54,372 1,354 1,034 Net book value At 31 March 2025 11,146 At 31 March 2024 12,396 Page 34
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 12 Stock 2025 2024 Stocks 834 13 Debtors 2025 2024 Trade debtors Prepayments 932 3.800 280 3,456 4.732 3,736 14 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other taxation and social security Pension scheme creditor Accruals Deferred income 10,368 11.983 889 20,428 59.674 7,565 834 14,366 45,244 103,342 68,009 Page 35
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 15 Funds Balance at 1 April 2024 Incoming resources Resources Balance at 31 expended March 2025 Unrestricted funds General General Funds 100,962 317.605 {317,809) 100,758 Restricted funds Osprey Infrastructure Swift City Project PHD - Osprey School Bird Boats Gull Survey Young Birders Club Holesbay Platform School Binocular Fundraiser 7.039 9.610 9,487 2.211 2.936 (5,692) (1.436) (2,161) (17,017) (350) (616) 4,283 8,174 7,326 238 15,044 350 2,464 20,000 1,645 1,848 20,000 1.645 Total restricted funds 28,347 42,439 28,917 41,869 Total funds 129,309 360.044 (346,726) 142,627 Page 36
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at 1 April 2023 Balance at 31 March 2024 Incoming Resources resources expended Transfers Unrestricted funds General General Funds 59,964 272,008 (231,008) (2) 100,962 Restricted Osprey Infrastructure Swift City Project PHD - Osprey Chough Reintroduction Project Nature Heals Project Eagle Nest Infrastructure School Bird Boats 6,469 12,531 9,610 (12,696) 735 7,039 9,610 9,487 11,650 (2,163) 2,436 365 867 1,925 (2,436) (365) (650) (11,804) 516 12,090 (733) 2,211 Total restricted funds 23,712 34,747 (30,114) 28,347 Total funds 83,676 306,755 (261,122 129,309 The specific purposes for which the funds are to be applied are as follows: Osprey Project - A pioneering 5-year reintroduction program, trying to restore Osprey, a large fish eating bird of prey, to its former breeding grounds after a 200-year absence. The project see's 6 week old Osprey chicks brought down from Scotland and raised and released here in Poole Harbour, in the hope they'll eventually breed here. As part of this project we have launched a fundraiser to cover the cost of some of the infrastructure to help us monitor and engage with the public in the future. Part of this is our Osprey cameras. Osprey Cameras - A public fundraiser campaign was started to raise funds for SMS trail cameras to be bought and plad on our Osprey nest platfonns around Poole Harbour to monitor Osprey activity and behaviour on our nests. The Swift City Project - Swifts are summer visitors to the UK, retuming in late April to nest in crevices of older buildings. Sadly, their population has declined by more than 50 % in the past 20 years, primarily due to reduced food supply {insects) and loss of suitable nesting sites. Modern building designs no longer provide the cavities swifts need.ln response, Birds of Poole Harbour partnered with saIater Stone in 2019 to launch the °Swift Ciw project. installing nest boxes across Old Town Poole and other key sites. Page 37
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 In 2024, Ihis initiative was expanded through the Dorset Swift Communities Project, supported by the Aviva "Save Our Wild Isles Community Fund." Funds raised were used to purchase and install swift boxes in priority areas across Dorset, identified by the Dorset Swift Network-a partnership including Birds of Poole Harbour, Dorset Bird Club, Swanage Swift Group, Christchurch Harbour Ornithological Group, BCP Council, and Dorset Council. Through this project, 150 nest boxes will be made and offered free of charge for homeowners and building owners in targeted areas. while also encouraging communities to take ownership of local swift populations through engagement, monitoring, and long-term protection efforts. Osprey PHD placement - For the first time, we have been able to provide funding for a local student to pursue a postgraduate degree in avian biology. Brittany Maxted is a member of the Birds of Poole Harbour team, who has been involved in the Osprey Project since its inception and has managed the translocations for the last three years. The funding we provide covers the costs of her research and tuition fees, whilst she remains employed full-time at Birds of Poole Harbour, dividing her time between work and research. and allowing her to maintain her current role as Osprey Project Officer alongside her studies. School Bird Boat Project - Our School Bird project continues to go from strength to slrength, and is designed to connect local school children with their local environment. Poole Harbour is an important habitat for a range of species but also for industry and tourism. The focus of the trips is to highlight the link between all of the harbours imporlant dynamics and how those relationships are managed in. Young Birders Club At Birds of Poole Harbour, we recognise the Importan of inspiring the next generation of conservationists. Our Young Birders Club, for ages 13-18, provides a welcoming community for young people passionate about wildlife. The club runs free events throughout the year, including guided bird ID walks, bird ringing demonstrations. wildlife cruises. and talks from conservationists. Members also gain insights into ecology, bird identification, and conservation practices. No prior experien is required from our members, and we provide assistance with local transport to ensure inclusivity- This initiative has been made possible thanks to the generous support of the Cameron Bespolka Trust. Holes Bay Platforn) - We are in early discussions with BCP Council regarding the installation of a new public viewing platform overlooking Holes Bay, one of the most important areas of the harbour for birdlife, especially in winter. Similar to the Ham Common Viewpoint. the structure would provide an accessible way for the local community to connect with the area's wildlife. Costs are estimated between £18,000-£30,000. We are grateful to a generous member of the public who has pledged £20,000 towards this project. School Bird Boat Binoculars Fundraiser - For the past 11 years, our charity has run School Bird Boats, giving up to 1,200 local primary school children each winter the chance to explore and learn about the unique wildlife of Poole Harbour. These trips are provided free of charge thanks to the generous sponsorship of local cosmetics company Lush. Each two-hour trip, run in partnership with Greenslades Pleasure Boats from Poole Quay. takes children across the harbour's diverse habilats. Led by our staff and volunteers, the experien introduces pupils to topics such as bird migration, species adaptations. human livelihoods, and the harbour's designation as a Special Protection Area (SPA). Page 38
Birds of Poole Harbour Notes to the Financial Statements for the Year Ended 31 March 2025 In recenl years. sightings of White-tailed Eagles. Marsh Harriers. and Peregrine Falcons have become highlights of the School Bird Boats. These encounters not only inspire young people but also demonstrate the reality of species recovery and reintroduction projects, bringing conseNation to life for the next generation.To ensure every child has the best experience. we provide each participant with a pair of binoculars. After more than a decade of use. many of our school optics had become damaged or worn. While Opticron kindly replaced nearly half of the binoculars free of charge in 2023, we still needed to update the remainder. In December 2024, we ran a public fundraiser to repla the remaining sets. Thanks to the generosity of supporters, we were able to secure new. high-quality binoculars well-suited to young birders. Any of our usable older binoculars have since been donated to schools for use in classrooms, lessons. and holiday birdwatching kits. 16 Analysis of net assets between funds Unrestricted funds General Total funds at 31 March 2025 Restricted funds Tangible fixed assets Current assets Current liabilities 26,606 177.494 (103.342} 26,606 219,363 103.342 41,869 Total net assets 100.758 41,869 142,627 Unrestricted funds General Tolal funds at 31 March 2024 Restricted funds Tangible fixed assets Current assets Current liabilities 33,516 135.456 {68.009} 33,516 163,802 68,009 28.346 Total net assets 100,963 28,346 129,309 17 Related party transactions There were no related party transactions in the year. Page 39