Charfty reglstratlon number: 1160912 The Exmoor Society Annual Report and Finandal Slatements for the Year Ended 31 May 2025 WESTCOTTS CHARTERID ACCOUNTANTS a BUSIMGSS AOVISER5
The Exmoorsoclety Contents Reference and Administrative Details Trustees, Report 2to6 Independent Examlner'B Report Statement of Financial Activltles Balance Sheet Notes to the Financial Statements 10t024
The Exmoor Soclety Reference and Administrative Detalls Chalr Ms Kate O'sulllvan Trustees: Mr Nigel Hester Mr Charles O'connor Mrs Anne May Mr (Alast8ir) Bruce Mclniosh Mr Darren Sherwood Mrs Jill E¢Jwards Ms Kate O'sullivan Dr Keith Howe (resigned 28 September 2024) Ms Lisa Eden Mrs Christina Wllliams (resigned 3 April 2025) Dr Steven Emery (appointed 28 September 2024) Treasurer Ms Salty Cralg-Hapdey Charity Registratlon Number 1160912 Principal Office 34 High Street Dulverton Somerset TA22 9EX Indépandent Examlner Catherine Williams FCA DChA Westcotts (SW) LLP 47 Boutport Street Bamstaple Devon EX311SQ Page 1
The Exmoor Society Trustees. Report The trustees present the annual report together with the financial statements of the charlty for the year ended 31 May 2025. Structure. governance and management Organisation The charity is administered by its prlnclpal officers (Chair. Vice-chalrs and Treasurer) actlng with the advi and consent of trustees and the advS¢e of various advisory groups. All officers and trustees are elected by the Society at its Annual General Meeting. The Society employs I0 part tlme administrators (one of whom has legal trainlng). The Society makes frequent use of voluntary help by its members. The Board of trustees (Executive Committee, as the trustee board is defined th8 societys constltution) meets bi-monthly. Funds and Policies Funds held by the Charity are elther: Restricted Funds. belng funds that can only be used for particular restricted purposes wfjthin the objects of the charity. Restrictions arise when Specified by the donor or when funds are raised for partlcular restricted purpose5, Unrestricted Funds, b8lng funds that can be used in accordance with the charitable oblects at the dlscretlon of the trustee8. It Is the policy of the Society to maintain unrestricted funds, which are the free reBerves of the charity. at a level that equates to approximately two years of net expenditure on its charitable Purposes. Its administrative costs and other overheads. In addition it has always pursued th8 objective of carrying sufficient additional reserves to fund the slgnlficant Costs that mlght become necessary if the Society ever needed In the view of its Executlv& Committee to launch any formal or legal action in furtheran¢e of prirnary aim set out under the 'Objectives and adivities" paragraphs below. Combining these two purposes, the Soclety seeks to maintain free reserves at a level of not18ss than £100,000. Unrestricted fund5 exceeded thls level Ihroughout the year. The Executive Committee invites members when renewing their subscriptions to add generously by dOnaon. if they can, and to slgn Glft Aid forms that enable the Society to recover tax on both subscriptions and donations. Page 2
The Exmoor Society Trustees. Report (continued) Structurej governance and management Investment Pollcy and Risk Policy. The Society has reviewed its Investrnent Policy during thé year. It conlinues to keep its long-term resenies, invested in a range of funds managed by CCLA, the UK'S largest manager of charitsble assets. It keep5 a tranche of funds likely to be needed in the shorter term on deposit. The Executive Committee keeps under regular review the major straleglc and operdtlonal risks that the Society faces and confirms that adequate procedures and safeguards have been established to address these risks. Objectives and activities The object of the Society is: To promote the conservation and protection of Exmoor National Park for the public benefrt. This will be achieved by',- a) protecting, promoting and enhanclng Its landscape. wlldllf8 and hk8torical envlronment b) safeguarding public access and recreation appropriate lo the Nation81 Park c) scrutlnlslng polldes whlch affecl Exmoor d) contributing to the Town & Country planning system, and monitoring its applicatlon e) acting as a resource centr8 for obtainlng & disseminatlng Information via its unlque archtve. fj recording, studying and publishing informatlon on aspects of Exmoor g) promotlng an understandlng of Exmoor h) encouraging actNities beneflcial to local communitie8 and the wider public The trustees confimi that they have referred to the Charity Commission's guidance on publlc b8nefit when reviewing the SoCiets objectives. planning activities and making awards. The chair, on behalf of the trustees. report8 on the Socielrfs year generally at Ihe AGM. Page 3
The Exmoor Society Trustees. Report {continued) Achlevements and pertormance The major achlevements in the financial year include the followlng:_ ENJOYING and INFORMING Launch of the book, Exmoor Farms.. A Year on the Moor to Gelebrale the 70th Anniversary of Exmoor National Park and the 10th Anniversary of Exmoor Hill Farming Network at Cutcombe Market. Followed by a month long exhibition of the photographs at White Rock Cottage The photograph5 taken by secondary school pupils from Bamstsple and Ilfracombe after fami visits organised by Ihe Society were exhibited at the Exrnoor Farms exhibition. in Bamstaple Library and East Quay Arts Centre in Minehead To celebrate our Alfred Vowles photography competition, we hosted a digital exhibition of the entries and a talk by the judge, eminent wildlrfe photographer Andrew Mccarthy We launched the Exmoor Society Archlve Award. to honour people who contribute to Exmoor's cultural and natural history. Won by Caroline Giddens for her work catalogLJing Exrnoo¢s fauna over the last 50 years The Exmoor Society joined the festival Church servi in Simonsbath as part of Slmon5b8th Festival The Society Archive worked on two Sarge exhibitions, has built a network of volunteers. and continues to develop with new material and increased use by researchers We contlnue our Series of extremely popular lalks Indudlng one by ornithologist Joan Castello, on the Moorland Bird Survey. that the Exmoor Society helped to fund There have been four Exmoor Scavenge events including one on lambing and another at our Pinnacle Award winner, Fran 8ullard's poultry farm. These are aimed at families with young thildren to introduce them to nature and the sp8cial qualities of Exmoor Our walks programme wlth expert guides continues to attract large numbers and enthusiastic support and included our first'Bolving Walk. wlth Charles Harding Celebrated our second Meaéows Day wlth a mornlng and an aftemoon of talks, walks and expert adv1 at Hollam Estate, Dulverton Held another Spring Clean Litt8r Pick near Heath Poult Cross The Malcolm McEwan Research Fund Award was mad& to intern, Mary Peberdy, to research the issue of specie5 reintroductions on Exmoor. sperafically Pine Martens and the White Tailed Sea Eagle PROTECTING and CAMPAIGNING Rivers Day in Simonsbath that launched our Waters of Exmoor campaign. included talks on the work by the Nation21 Trust in Porlock and Ueli Zelwegger on the impact and marketing of pet pesticides In May we held our highly successful conference in patknership with Exmoor National Park Authority, on The Waters of Exrnoor The Stop Pet Pesticides polluting our rivers Gqmpaign started an online petition that ha5 been viewed by over 85.000 people. In addltion we wrote to the minister responsible and continue to actively lobby for control of these chemlcals We wrote and met with Exmoor's MPS. lan Roome and Rachel Gllmour, to discuss Exmoor National Park govemance reform, water quality and planning protection for designated areas Page 4
The Exmoor Society Trustees. Report (continued) In response to the insensitive bridge repair outslde Exford, a meeting was held with Somerset Highways and the ENPA to promoté awareness of the importance of the historic envlronment in road repairs and street fumiture We wrote a letter tc all the telecoms provlders outlining their new statutory duty to further the purposes of national parks {Levelllng Up and Regeneration Act) in the provlsion of any new masts We responded to a number of different plannlng applications includlng those for a telecoms mast at Llllycombe, the bungalow at Hur15tone Point, the proposal for an affordable dwelllng in Cutcombe, the housing development in Wheddon Cross, th8 Lynlon to Barnstaple Railway, and solar panels at Badgworthy and Washford SOCIETY NEWS We compl8ted the purchas8 of No 34 High Street. Dulverton wth generous 5UPPOrt from a local foundation, thus providlng a secure homè for the library. archive and office The Bolve, our monthly a-n8ws18tter for members and supporters, continues to be well received. generating new Snterast In the Society and Exmoor We have furth8r updated our website with the inclusion of the Waters of Exmoor digit81 archlve. The archive section will go live later this year and our social medla presence Is growlng We welcomed Dr Steve Emery to the board and nominated Tara Wrlght, Victoria lThine. Linda Blanthard. Mark Newall and Mark Ansell. who will be propos8d for election at thls y&arfs AGM Flnan¢ial review Total Income for the year ending 31 May 2025 was £146,998. This figur6 was increased by a slzeable legacy amountlng to £51.451. Wlthout this extraordinary Income, revenue was £95,547, an Increase from £56.471 in 2024 due to an increase in investment income and donations. The new legacy monies were held in cash and bank deposlt at the year end pending Investment and expendlbJr8 on No 34. Exlstlng funds were held in CCLA COIF funds or bank deposiL Total expenditure Was £108,232 compared wilh £93,326 in 2024. The incroase is mainly 85 a result of additlonal expendllure on the Exmoor Farms Book project. Total assets Increased to £938.746 (2024: £911,241). Page 5
The Exmoor Society Trustees. Report (contlnued) sement of Trustees, Re5ponslbilities The Irustees are responsible for preparing the trustees. report and the financial statements in accordance with the United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Pra¢ticel and applicable law and regulations. The law app51cable to charities requires the trustees Lo prepare financial Statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustee5 are required to". select suitable accounting palicies and then apply them consistenuy: observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent: stste whether applicable accounting standards have been followed, subjecl to any material departures disclosed and explained in the financial statements; and prepare the financial statements on thè going Goncem basis unless it is inapproprrate to presum8 that the charity will continue In buslness. The trustees are responsible for k&8ping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Charities Art 2011, the Charities (Accounts and Reports) Regulations 2008, and the provislons of the constitution. The trustees are also responsible for safeguarding the assels of the charity and hence for taking reasonable steps for the preventlon and detection of fraud and other irregularitl8S. The trustees are responsible for the Maintenan and integrity of the corporate and financial information included on the charitable companls WebSe. Leglslalion governing the preparation and dissemination of financlal statements may differ from legislatlon In other jurisdictions. The annual report was approved by the trustees of the charily on .1¥: lo. Ls and slgned on Its behalf by. Mr (Alas Tnjstee air) Bruce Mclntosh Ms Kate O'sullivan Chair and trustee Page 6
The Exmoor SoGlety Independent Examinor's Report to the trustees of The Exmoor Soclety I report to the trustees on my examlnation of the 8ccounts of The Exmoor Society for the year ended 31 May 2025. Responslbllltlas and basis of report As the charlty trustees of The Exmoor Society you ar& responslbl8 for the preparation of th8 accounts in accordance wlth the requlremonts ofthe Charities Act 2011 I'the Act'l. I report In respect of Tny examination of the The Exmoor Society's accounts carrled out under section 145 of the 2011 Act and In carrylng out my examination I have follow6d all the appll¢able Directions glven by the Charity Commission under section 145(5)(b) of the Act. Independent examln8r'$ statement I have completed my examinatlon. I conflrm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any m8teri81 respect: 1. accounting records were not kept in respect of The Exmoor Society as required by section 130 of the Act,, or 2. the accounts do not accord wlth those rècords. or 3. the ac¢ounts do not comply wlth the accounting requirements concernlng the fomi and content of accounts set out in the Charitles (Accounts and Reports) Regulatlons 2008 other than any requlrement that the accounts glve a and fair view, which is not a matt8r considered as part of an independent examination. I have no concerns and have come across no other matters in conn8ction with the examination to which aitention should be drawn in this report in order to enabl8 a proper understsndlng of the accounts to be r8ached. Catherine Willlam5 FCA DChA Independent Examiner Westcotts (SW) LLP 47 Boulport Street Bamstaple Devon EX31 1SQ Date:..% Page 7
The Exmoor Soclety Statement of Financlal Activities for the Year Ended 31 May 2025 Unrestrlcted funds Restricted funds Total 2025 Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Other tradlng activitles Investment income 85,101 28,492 2,569 30.836 85,101 28,492 2,569 30,836 280.451 24,907 1,523 15,048 Total income 146,998 146.998 321.929 Expenditure on: Raising funds Charitable activities (2,432) (104,800) (2,432) (105,800) 514 {93.840) (1,000) Total expenditure Gainsllosses on investment assets <107,232) (1,000) (108.232) (93.326) (11,261) (11,261 34,405 Nel Incomel(expendlture) Net movement in fund8 28.505 (1.000 27,505 283,008 28,505 (1,000) 27,505 263.008 Reconclllation of funds Totsl funds brought foN8rd Total funds carried forward 21 849,095 62,146 911,241 648,233 877,600 61,146 938,746 911,241 All of the charity's activities derive from contlnulng operations during the abov& twc periods. The funds breakdown for 2024 is shown in note 21. The notes on pages 10 to 24 form an Integral part of these financial statements. Page 8
The Exmoor Society (Registration number: 1160912) Balance Sheet as at 31 May 2025 2025 2024 Note Flxed assets Investments Tangible assets 16 15 583,280 136,739 494.541 9.634 720,019 504,175 Current assets stocks Debtors Cash al bank and in hand 17 18 19 3.634 6.451 219.737 4.651 5.301 405.122 229,822 415.074 Credltors: Amounts falllng due within one year 20 111,095) 18.008) Net current assets 218,727 407,066 Net assets 938,746 911,241 Funds of the charity: Restrlcted Income funds Restricted funds 61,146 62.146 Unrestricted incorne funds Unrestrlcted funds 877.600 849,095 Total funds 21 938.746 911,241 he financlal slatements on pages 8 to 24 were approved by the trustees, and authorised for Issue on l*.-.Lf).X.. and signed on their behalf by: Mr (Alastsir) Bruce Mclntosh Trustee Ms l<ate O'sullivan Chair and Trustee The notes on pages 10 to 24 form an Integral part of these fln3nc181 statem8nts. Page 9
The Exmoor Society Notes to the Financlal Statements for the Year Ended 31 May 2025 1 Accounting policies Statement of compllance The financial statements have been prepared in accordance Wbth the second edltion of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation The Exmoor Society meets the definttlDn of a public benefit entity under FRS 102. The 8ccounls (financial statements) have been prepared under the historical cost Gonvention with itsms recogni5ed at cost or transaction value unless otherwise stated in the relevant note(s) to these accounls. The financi8] statements are prepared in sterling whith is th8 funcational currenGy of the charity. Going concern The financial statements have been pr8par8d on a going concern basis. The truste8s assess whether ihe use of going Goncem Is approprlate i.e. whether there are any material uncertalnties related to events or conditions that may cast significant doubt on the ability of the charity to continue a5 a golng con¢em. The trustees make this assessm8nt in respect of a period of one year from th? date of approval of the financial ststements. Income and endowments Voluntary incorne including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognlsed when Ihe charlty has entitlement to the income, it is probable that the income will be received and the amount can be measured sufficlent reliability. Donations and legacies Donations and legacie5 are recognised on a receivable basis when receipt is probable and the amounl can be rellably measured. Deferred income Defeffed income represents amounts received for future periods and 1s released to incoming resources in the period for which il has been reIVed. Such income is only deferred when." The donor specifles that the grant or donatlon must only be used in future accounting periods- or The donor has imposed conditions which must be met before the charity has unconditional entitlement. Expendlture All expenditure is recognlsed once there 15 a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff cosls allocated on the basis of tlme spent. and depreciatlon charges allocated on the poOn of the 8550t'5 use. Other support costs are allocated based on Ihe spread of stsff costs, Page 10
The Exmoor Society Notes to the Financial Statements for the Year Ended 31 May 2025 (continued) Raising funds These are costs incurred In attractlng voluntary Income, the management of investments and those incurred In trading activities that raise funds. Charitable actlvlties Charitable expenditure comprises those c05t5 inGurred by the charity in the delivery of its activilies and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Grant pmvlslons Provislons for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about elther the timing of the grant or the amount of grant payable. Support costs Support costs include central functions and hav8 been allocated to activity cost categories on a basis consistent with th8 use of resources. for example, allocating property ¢0Sts by floor areas, or per caplta. staff costs by the time spent and other costs by thelr usage. Taxatlon 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 charitsble company for UK corporation tax purposes. Accordlngly. the charity is potentlally exempt from taxation in respect of Income or capital gains received within calegorles covered by Chapter 3 Part 11 of the Corporatlon Tax Act 2010 or Section 256 of the Taxatlon of Chargeable Gains Act 1992, to the extent that such Income or galns are applled exclusively to charitab18 purposes. Tangible flxed assets Indivldual fixed assets are initially recorded at cost. less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amartisati¢n Depreciation Is provided on tangible fixed assets so as to write off the cost or valuatlon, less any estimated residual value, over their expected useful erxjnomic lrfe as follows: Asset class Premises costs Computer costs Depreciation method and rate 50 years straight line 4 years straight line not depreciated due the high residual value, depreciation is not material Reference library Fixed asset investments Fixed asset investments, other than programma rdated Investments. are included al market value at Ihe balance she81 date, Realised gain5 and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Staternent of Financial A¢livltles In the period of dlsposal. Unrealised gains and losses represent the movement In market values during the year and are credlted or charged to the Statement of Financlal Acuvlues based on the market value at the year end. Page11
The Exmoor Society Notes to the Financial Statements for the Year Ended 31 May 2025 (continued) Stock Stock is valued at the lower of cost and estimatèd selllng price18ss costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost Is determined using the first-in, first-out (FIFO). Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the truslees dlscretion in furlherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purp¢)ses, the use of which Is restricted to that area or purp058. Flnancial instruments Classlflcatlon Financial 8ssets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of th8 instrurn8nt. Flnancial liabilit18s and equlty Instruments are classified according to th8 substance of the contractual arrangements entered Into, An equity instrument is any contract that eviéences a resldual interest in the assets of the charity after deducting all of its liabilities. Recognition and measuremant All financial assets and liabilities are initially measured al transaction price (In¢luéing transaction costs), except for thos8 financial assets classrfied as at fair valuè through profit or loss, which are Initially measured at falr value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financi81 asset or financial liability is measured at the present value of the future payments discounted at a rnarket rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously. Financial assets are derecognised when and only when 8) the contractual rights to the cash fflows from the financial asset expire or are settled, b) the charity transfers lo another party substantially all of the risks and reward5 of ownership of the financial asset. or c) the charity, despite having retained some, but not all, significent risks and rewards of ownership, has transferTed control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is dl8charged, cancelled or expires. Page 12
The Exmoor Society Notes to the Financial Statements for the Year Ended 31 May 2025 (contlnued) Investments Investment8 In non-convertible preference shares and non-putlable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investrnents are measured at Cost less impairment. 2 Income from donatlons and legacies Unrestricted funds Total Unrestricted 2025 funds Total 2024 Donations and legacles: Donations Legaue5 Gift aid r8daimed 29,579 51.451 4,071 29.579 51,451 4,071 11,324 265.458 3.669 11,324 265,458 3.669 85,101 85.101 280,451 280.451 3 Income from charitable actlvltles Unrestricted funds Total Unre5tri¢ted 2025 funds Total 2024 Ev8nts income Membershlp subscrSptlon8 4,990 23.502 4.990 23,502 1,161 23,746 1.161 23,746 28.492 28,492 24,907 24,907 4 Income from other trading activltle5 Unrestricted funds Total Unrestrlcted 2025 funds Total 2024 Sales and income generated 2,569 2.569 2,569 1,523 1,523 1.523 2.569 1.523 5 Investment income Unrestricted funds Total Unrestri¢led 2025 funds Total 2024 Dividends from COIF shares Bank interest receivable COIF interest receivable 15.683 8.070 7.083 15,683 8,070 7,083 13,511 944 593 13,511 593 30,836 30,836 15.048 15,048 Page 13
The Exmoor Society Notes to the Flnanclal Statements for the Year Ended 31 May 2025 (continued) 6 Expenditure on raising funds a) Costs of trading activities Unrestricted funds Total Unrestricted 2025 funds Total 2024 Shop costs 2,432 2.432 (514 (514) 7 Expenditure on charitable activitles Unrestricted funds General Restrfcted funds Total 2025 Not• Charitable activities Allocated support costs 40,722 64,078 1,000 41,722 64,078 105.800 104,800 1.000 Unrestricted funds General Restrlcted funds Total 2024 Charitsble activities Grant funding of activities Allocated support costs 25,259 4,867 63,614 25,259 4,967 63,614 100 93,740 100 93,840 Page 14
The Exmoor Society Notes to the Financial Statements for the Year Ended 31 May 2025 (continued) 8 Analysis of support costs Support costs allocated to charitable actlvities Total 2025 Total 2024 Wages Printing. postage and stationery computer ané website Telephone Insurance Rates and water Heat and light Cleaning and repairs Bank and card charges Travel Accountsncy Depreclation Legal fees Sundry costs Subcontract costs Rent 30,810 925 2,690 990 1,226 1103) 2,899 7,206 498 39 2,515 3.867 2,660 712 1,945 5,199 36,126 2.274 5.910 879 876 1.852 3,109 2.265 200 5,582 1,169 462 310 2.600 64,078 63,614 9 Grant4naklng Analysis of grants Grants to Institutlons 2024 Analysis Grants to institutions 4.967 10 Net Incomlngloutgolng resources Net incoming resources for the year include.. 2025 2024 Depreclatlon of fixed assets Gainsllosses on investment assets 3,867 11,261 1,169 34,405 Page 15
The Exmoor Society Notes to the Financial Statements for the Year Ended 31 May 2025 (Gontlnued) 11 Trustees remuneration and expenses No trustees, nor any persons connected with them, have re¢elv8d any remuneratlon from the charity during the year. No trustees havè recelved any relmbursed expenses or any other beneflts from the charity during the year. 12 Staff costs The aggregate payroll cosls were as follows: 2025 2024 Stsff costs durlng the year were: Wages and salaries 30,810 36.126 The monthly average number of PBf50ns (including senior management I leadership team) employed by the charlty durlng the year was as follows.. 2025 2024 Office staff Development cordInatOr The employees are part-tlme and work In total on average 62 hours per week. The development Co-ordinator represents 18 of the 62 hours. No employe8 received emoluments of more than £60.000 during the year. 3 Independent examiner's remuneration 2025 2024 Examination of the financial statements 1,452 1.382 Page 18
The Exmoor Society Notes to the Financial Statements for the Year Ended 31 May 2025 (contlnued) 14 Taxatlon The charity is a registered charity and Is therefore exempt from taxatlon. 15 Tangible fixed assets Land and bulldlngs Fixtures and fittlngs Equipment Total Cost At 1 June 2024 Additions Disposals 11,958 7,300 19.258 130.622 24.340 130.622 24,340) At 31 May 2025 106,282 11,958 7,300 125.540 Deprgciatlon At 1 June 2024 Charg8 forthe year Elimlnated on disp05als At 31 May 2025 9,274 1.255 9,274 3.867 24,340 2,612 {24.340) 21.728 10,529 11.199 Net book value At 31 May 2025 At 31 May 2024 128,010 1,429 7,300 136,739 2,684 7,300 9.984 Page 17
The Exmoor Society Notes to the Flnancial Statements for the Year Ended 31 May 2025 (continued) 16 Fixed asset investments Listed Investments Total Cost or Valuation At 1 June 2024 Revaluation Addition5 494.541 494.541 (11,261) (11.261) 100.000 100,000 At 31 May 2025 583.280 583,280 Net book value At 31 May 2025 583.280 583,280 At 31 May 2024 494,541 494.541 17 Stock 2025 2024 Stocks 3,634 4,651 18 Deblors 2025 2024 Prepayments Other debtors 1,458 4,993 6,451 1,416 3.885 5,301 19 Cash and cash equlvalents 2025 2024 Cash at bank 219.737 405.122 Page 18
The Exmoor Society Notes to the Financial Statements for the Year Ended 31 May 2025 (continued) 20 Creditors: amounts falling due wlthln one year 2025 2024 Accru81s Deferred income 7,993 3,102 11,095 4.561 3.447 8.008 2025 2024 Deferred income at 1 June 2024 Resources deferred in the period Deferred income at year end 3.447 345) 3,102 3,830 (383) 3,447 Deferred income is in respect of life memberships. Llfe membership5 purchased In the year are taken to deferred income. The Income Is then released over an estimate of the Ilfetime. based on a 10Yo charge per year on a reducing balance basls. Page 19
The Exmoor Soclety Notes to the Financlal Statements for the Year Ended 31 May 2025 (continued) 21 Funds Other recognised Balance at gainsl 31 May (losses) 2025 Balance at 1 June 2024 Incorning resources Resources expended Unrestricted funds General General funds General designated Woodland ConseatIOn Education fund IT fund Resource Centre fund Competltlon fund Publications Campaign fund Development fund Property fund 607.491 90,000 146.998 (106,811) 111,261) 636,417 90,000 139 9,116 16.863 3,512 283 4,358 95,793 20,879 661 139 9,116 16.863 3,512 283 4,358 95,793 20,458 661 (421) 849,095 146,998 (107,232 11,261 877,600 Restricted funds Conservatlon fund Llterary award Windfami appeal Founders award Education fund Pinnacle fund Exmoor Society (Malcolm MacEwen) Research fund Premises fund Campaign fund 193 1.448 582 119 385 10,612 193 1,448 582 119 385 10,612 11,807 20,000 17,000 (1,0001 10,807 20,000 17,000 62,146 (1,DOD) 61,146 Total funds 911,241 146,998 (108,232) 11,261 938.746 Page 20
The Exmoor Society Notes to the Financial Statements for the Year Ended 31 May 2025 (continued) Balance at1 June Incomlng Resources 2023 resources expended Transfers Other recognlsod gainsl (losses) Balance at31 May 2024 Unrestricted funds General General funds General dgsignat8d Woodland conservation Education fund IT fund Resource centre fund Competltion fund Publlcations Campaign fund Development fund Property fund 349,065 90,000 321.929 (92.908) (5,000) 34.405 607,491 90,000 139 10.116 16,863 139 9,116 16.863 11,000) 3,512 283 4,358 96,111 20,879 661 3.512 283 4,358 95,793 20.879 661 {318) 591,987 321,929 (93,226) 6,000) 34,405 849.095 Restricted funds ConseNatlon fund Llterary award Windfarm appe81 Founders award Educatlon fund Pinnacle fund Exmoor Soclety (Malcolm MacEwen) Research fund Premises fund Campaign fund 293 1,448 582 119 385 10,612 <100) 193 1,448 582 119 385 10.612 10,807 20,000 12,000 1.ODO 11,807 20,000 17,000 5,000 56,246 100 6,000 62,146 Total funds 648,233 321.929 93,326) 34.405 911,241 Page 21
The Exmoor Society Notes to the Financial Statements for tha Year Ended 31 May 2025 (continued) De5ignat.ed Funds: Publications fund To fund further Studies and other publlcations. Woodland conservation To promote the conservation of the Exmoor woodland area. rr fund To updats and make more acGessible the SocieLVs IT equipmenl. Resource Centre Fund To use the money received from the sale of materials which are not relevant to the Society in order to buy books that are currently lacking in the library. Competillon Fund To enable the Society to provide prizes for specific competitions. Naw Property fund To enable the Society to achleve Its alms and operats efficiently from the new premlses the trustees have transferred this sum from the unrestricted In¢ome funds. Development Fund To promote the aims and objectives of the Sodety. Educatlon fund To enhance environmental educatlon for schools on Exmoor and beyond. To encourage schools to visit Exmoor and allow them to participate in a wide variety of activitiesl Generally io encourage a better understanding of conservation and Exmoor National Park. Campalgn fund To set up a fund to enable the Soclety to embark on Inltiatives relatjng to Its objectlves. Premises Fund To use solely for premises expenditure. During 2025 all designated funds were transferred to general funds. Page 22
The Exmoor Society Notes to the Flnanclal Statements for the Year Ended 31 May 2025 (continued) Restrscted Funds: Conservatlon fund To make an annual award to people who have. in the opinion of the trustees, contribut8d slgnlficantly to th8 conservation of Exmoor Literary award In the name of Lucy Pery this is to offer awards. to young people between the ages of 8 and 14 years. for a plece of poetry or prase inspired by Exmoor - its landscape. fauna, flora or culiural heritage and people's enjoyment of It. It is hope that the poetry or prose fomi part of the school curriculum requirements Wlndfarni appeal To research the effect of wind turbines upon the Exmoor environment and campalgn to stop the building of large wind famis within the confines of Exmoor and its setting Founders award To make an award to help the charity In Its promotlon of Exmoor Plnnacle award To support business OPPOrtunitles for young people Exmoor Soclety (Malcolm MacEwen) Research fund To use the amount transferred on the merger of the charits'es for Malcolm MaGEwen Trusl's original aims, which were the advanGemenl of education through the prov¢sion of grants to help support the costs of research projects on topics relevant to the conservation of Exmoor National Park and its special qualities Educatlon fund To enhance environmental educatlon for schools on Exmoor and beyond. To encourage schools to visit Exmoor and allow them to participate in a wide variety of activities. Generally to encourage a better understanding of conSeation and Exmoor National Park Campaign fund To set up a fund to enable the Society to embark on initiatives relating to its objectives. During the year £5.000 was transferred io this fund. this represented the charity's donation towards this fund Premises Fund To use 501ely for premises expenditure Page 23
The Exmoor SoGiety Notes to the Financial Statements for the Year Ended 31 May 2025 (continued) 22 Analysls of net asse15 between fund8 Unrestricted fund5 General Total funds at 31 May 2025 Restricted funds Tangible fixed assets Fixed asset invèstments Current assets Currenl liabilities 136.739 583.280 188,676 (11.095 897,600 136.739 583.280 229,822 (11,095) 938,746 41,146 Total net assets 41,146 Unrestricted fund5 General Total funds at 31 May 2024 Restricted funds Tangible flxed assets Fixed asset investments Current assets Current liabilities 9,634 494,541 352,928 8,008) 849,095 9,634 494,541 415,074 (8,008 911,241 62,146 Total net assets 62,146 23 Related party transactions There were no related party transactlons in the year. Page 24