REGISTERED COMPANY NUMBER.. IEngland and Wale51 REGISTERED CHARITY NUMBER.. 1164542 Re rt of the Tru5tee5 and Financial Siatements for the Year Ended 31 March 2024 for Brit15h Hed ho Preservation Societ Thorne Widgery Accountancy Ltd Chartered Accountants Statutory Auditors 2 Wyevale Busine55 Park King5 Acre Hereford Herefordshire HR4 78S
British Hed eho Preservation Societ Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Report of the Independent AudTtors 10 to 13 Statement of Financial ActivitFes Balance Sheet 15 to 16 Cash Flow Staternent Notes to the Cash Flow Staternent 18 Notes to the Financial 5tatement5 19 to 31 Detailed Statetnent of Financial Activities 32 to 33
British Hed ho Preservation Societ Re ort of the Tru5tee5 for the Year Ended 31 March 2024 The Trustees present theTr annual report together with the audited financial statements for the 1 April 2023 to 31 March 2024. The Trustees confirm that the Annual Report and financial statements of the Charity comply with the current statutory requiretnent5, the requirement5 of the Charity5 governing docufflent arid the provision5 of the Statement of Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20151 as amended by Updaie Bulletin I leffective 1 January 20151. Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and 01rector's Report) Regulaiions 2013 is not required. OBJECTIVES AND ACTIVITIES Objectives and aims Policies and objectives We have worked hard this year to achieve our objectives and improve the situation for hedgehogs natTonwide. Our strategy can be 5ummaii5ed as.. 1. To provide advocacy and an expert source of information and advice to the public, buslnesses, government and other organisations regarding the conservaiion and welfare of native hedgehogs and their habitats in the British Isles and seek further legal protection of rhe hedgehog as necessary. 2. To encourage people to respect hedgehogs and other wildlife by providing informatlon and supporting educational activities. 3. To fund research that helps build a better understanding of the British hedgehog population and its 5U5tainability. 4. To give advice to the public concerning the welfare of wild hedgehogs parricularly when injured, sick, treated cruelly, orphaned. or facing other challenges. Trustees confirm that they have complied with the duty under the Charities Act 2011 to have due regard to the Charity Commission's gu1dance on public benefit. The work of the Sociery In pursuit of its aims Is detailed in the Achievements and Performance section of this report. Activitie5 for achieving objective5 The charity undertakes the following activities: Supplies the public and schools with information packs and raises the awareness of the plight of the hedgehog. Supplies vets and vet nurses with information packs. Supports and funds non-invasive scientific research on hedgehogs. Maintains a network of approx. 600 independent hedgeho8 rehabilitators and, after offering first aid advice, puts tnetnbers of the public in touch with someone local if they find a sick injufed or orphaned hedgehog. It give5 advice on all aspects of European hedgehog welfare by ielephone, email, post and through website and social media. Runs naiional projects inclLJding Hedgehog Street project with People's Trust for Endangered Species and Hedgehog Friendly Campus. Is involved in Uist Hedgehog Rescue an operation to relocate hedgehog5 safely frorn the i51and of Uist to the Scottish ainland. Volunteers The charity is grateful for the unstinting efforts of its volunteers who ar@ involved in service provision and fundraising. Page I
Brit15h Hed eho Preservation societ ort of the Tru5tee5 for the Year Ended 31 March 2024 STRATEGIC REPORT Achleyement and performance Charitable activities Financlal results The Charity ended the financial year with net assets amounting to C2,969,798 12023.. C2,869,2791 Incorne amounted to £611,112 12023: £908,922) thanks to the continuing generosity of supporters and legacy donations, expenditure amounted to C510,59312023'. [477,5801 and continues to be tightly controlled. Review of activitie5 We have worked hard thi5 year to achieve our aims and improve the 51tuation for hedgehogs nationwide. Our Charity aim5 are.. 1. To provide advocacy and an expert source of information and advice to the public. busine55e5, government and other organi5ations regarding the con5ervatTon and welfare of native hedgehog5 and their habitats in the Britlsh Isle5 and seek further legal protection of the hedgehog as necessary. 2. To encourage people to respect hedgehogs and other wldlife by providing information and supporting educational activitie5. 3. To fund research that helps build a better understanding of the British hedEehog population and its sustainability. 4. To give advice to the public concerning the welfare of wld hedgehogs particularly when injured. Sick, treated cruelly, orphaned, or facing other challenges. The popularity of hedgehogs does not seem to wane, with lots of media coverage and positive actions being taken by people to help this declining specie5 - for this we are very grateful. Trustee5 have been using our 5-year strategy to Shape and plan our work and effort. In the office We have been working hard to achieve our airns and a5SlSt hed£eho£s in every way we can. We receive many requests by email, telephone and post asking for help wth poorly hed£ehDgs or advice on how to help or encourage them in the garden. Around 10,000 telephone calls per year are taken by the Charity. We also receive many requests via social media, havin£ very active Facebook and Twitter accounts, our Linkedln account is growing and thi5 year the Charity also began an account on Instagram. This year we employed a full time Comrn(Jnications Officer to help spread the word further and Tmprove reach. We give advice to people on helping hedgehog5 and, where necessary. pDt them in touch with a local independent rescue contact andlor send out information leaflets. Out of office hours there is an answer phone with emergency nutllbers for people to call if they have an injured or poorly hedgehog and an auto erTrail reply with first aid instructions and details of obtaining further help. The numbers listed on the answerphone are of a few more experienced rehabilitators who offer advice and have an up-to-date record of all independent rehabilitators from the directory we keep, enabling them to find a local contact for the caller. Thi5 15 very much all working towards achieving our first aim of offering advice and help to the public and our second aim of education. The usual two neVletter$ were produced and sent to supporters and rehabilitators as well as members of the pre55. Education and Project pack5 were sent out to schoo15, brownie5, 5COUt5. etc. We also sent out Carer Pack5 and Vet pack5 to potential new independent rehabilitator5 or vet5 that may be willing to join the directory we maintain (currently around 6001 of people and cenlres who will take in sick, injured, or orphaned hedgehogs around the country. Thousands of requests for information leaflets were fulfilled for members of the public, and all are available for free download on our web51te too helping us further our Education aim. Our Supporter total has reduced slightly at just over 11,250, but we have just launched online sub5cripLions and fenewals which we hope wll improve numbers. Page 2
BrTtish Hed eho PreSeatIon Sociei Re ort of the Truste@s for the Year Ended 31 March 2024 The office a150 handled many press enquiries and tnaintained an out of office hour5 fflobile nutnber for urgeTrt media calls. Radio interview5 wère given by phone from the office and regular press releases sent to more ihan 700 contacts resulting in a good deal of coverage in both local and national newspapers and magazines. We also get excellent take up ol our letrers io the editor, send either in response to articles on hedgehogs or with timely advice Ifor exarnple, heatwave5 or bonfire nightl. Independent rehabilitators from the directory also take some media calls if there is a need for a local angle. New Look Following our review, the Charity underwent a rèbrand creating a fresher more modern look. The logo has been updated, retaining features of the original one whilst making it feel more current. The logo was kindly created and donated to us by long-standing supporter Annie Ross of 'The Future is Unmown.. She a150 generously overhauled the illustrations on all leaflets and helped bring them all up to date too. Our website was completely redesigned and as well as looking betier it is now much easier to naviqate. We introduced a Kid's Zone to the website where regular competitions are held to help with engagement. Hedgehog Street A large part of our work continues to be with People's Trust for Endangered Species on our co funded Hedgehog Street project (see www.hedgehogstreet.orgl. This partnership h35 been very successful, making the most of both charities, resources and enabling us to pull together to help hedgehogs. The project 15 now in its 13th year. Hedgehog Street has Its tswn website where people can sign up to becotne a Hedgehog Charnpion.. so far over 128,000 people have done this. Champion5 can download a free PowerPoint 'talk' wth notes 50 thal they can share advice and knowledge on hedgehogg to their local Wl, School, Nature Group5, etc. The Big Hedgehog Map on the 51te collects sightings of hedgehog5 (alive or deadl and users can also log gaps made in fences for hedgehogs. The Hedgehog Sireet partnership also funds research into the lives of hedgehogs. The public education side of Hedgehog Street helps us further with our aim of offering advice to the public, but a150 the educational and research side of the project covers other aims. Advice booklets created for Land Managers, Developers and Farmers are available on our website as well as on the Hedgehog Street webslte and we have paper copies available too., these are to encourage more consideration for heagehogs for manager5 of such sites. The partnership released the latest State of Sritain 5 Hedgehogs report in February 2022. Showing decline was still dramalic and unsustainable in rural areas (between 30 and 75% decline since the year 20001 but that urban populations ere stabilising and rnaybe even starting to fecover, albeit from a low base line. TrLJ5tee5 CDmmiLted funds of over £162,417 spread over 3 years for the current phase of the project, which takes it up to the end of 2026. Hedgehog Friendly Football In July we relaunched our Hedgehog Friendly Football League our campaign to get professional football clubs to check for hedgehogs when maintaining their grounds, and even tnore importantly, to encourage fans ¢0 do the same at home. For every 'hedgehog friendly action they take, they score a point and ctimb up our league tablel This year we also introduced the Hedgchog Friendly Cup a chance for teams in the league to compete in an FA cup style competition. Research Two important pieces of research funded by the Charity vitll conclude in 2024. 'The prevalence and itnplications of microplastic Ingestion by hedgehogs in the UK (£26, 1281 and 'Microbiomes of European hedgeho£s in Denmark and the UK., 1£35,0001. Developers We are delighted to continue working with developers Including Bowls Homes Inow known a5 The Vi5try Group) and Taylor Wimpey who pledge to create hedgehog highways in all their new build properties whenever p055ible. Connectivity 15 important to allow hedgehogs to use habitat. Developers working with us are installing the highway5 13cm square holes that are created at ground level In fencing and other barriers - to allow access between gardens and wilder areas. We are also encoLJraging developers to work with us to find more ways of helping hedgehogs on site. With some of the larger developers on board we are hoping more cornpanie5 will pledge to make this small but irnportant feature a part of every new build. Garden Wildlife Health Project Page 3
British Hed eho Preservatlon Societ Re ort of the Trustees for the Year Ended 31 March 2024 With the research aim in mind, we remain active forum members for the Garden Wildlife Health project being run by the Institute of Zoology at London Zoo. Thi5 project 15 looking ai di5ea* in wildlife. We refer people to the project if they have found a dead hedgehog in their garden so that the project can request the body if they require a Post-mortem. Hedgehogs on Uist Th@ NatureScotlRSPB plan to relocate non native hedgehogs from the Uist islands continues and they continved to work Mth us on this. Hedgehogs are no longer being killed on Uist, so funds were used to provide a handover point on the islan<J where the hed8ehoss were housed arld fed until they are shipped to the mainland and to pay vet costs as necessary. Funds were also used to relocate the hedgehogs to the rnainland where they were given a health check and safely released. However. since 2020, due to COVID19, this work was not undertaken and ha5 not yet restarted. We remain in contact with Naturescot and the RSPB helping them to shape the future for this project. We remain grateful to Pat Holtham, our volunteer on the island, who made relocation work 50 far possible. Hedgehog Awarene55 Week Hedgehog Awareness Week ran from 30th April to 6th May 2023 and the week was extretnely busy with people getting involved with writTng letter5 to the press, holding awareness and fundraising events Isome in person and some online) and organising displays of information in Garden Centres, Libraries, Schools, etc. We utilised social tlledia, using #hedgehogweek and we received celebrity support from our Pation5 a5 well as other well-known faces. The very talented and generous Ann Ross once again donated a series of infographics for release during the week offering advice on helping hedgehogs and these were sotne of our m95t popular social media p05t5. This was very much a week dedicated to our Education aim. Strimmer Stickers BHPS encouiages councils, Tool Hire Companie5, etc to use warning stickers Ithat we provide to them free of charge) asking people using strimmer5, mowers, hedge cutters, etc to check carefully for heclgehogs before cutting. The companies are invited to send images of the stickers In use. on their machTnes and in return we IT5t their good deed on the website. There are curreniiy around 170 listed and 105 of thousands of stTcker5 have been distrtbuted to such group5. New Patron We were deli£hted to welcorne a new Patron to the Society, Megan Mccubbin. who has already been an enthusiastic and valuable SLJpporter of the Charity. The Range We have continued to work wth The Rangc stores on providing hedgehog information and advice to their customers and rewildTng aTeas around sorne of their stores. They have kindly agreed to have a collection box in every store for U5. We now have collection boxes in 163 5tore5 Ihat have raised over E50,000 to date. Hedgehog Friendly Campus Trustees supported rhis irnportant project for a fLSrther year by Investing almost C44.(X)O to ensure work continues untTI at least June 2025. The project had a successful year, despite a change in programme structure as il transitions lo an externally funded programme with in5titution5 paying a programme fee. All institutions wll submit for theif awards either at the end of March or mid-june 2024. 12 universities signed up to take part in the fully supported programme, which include5 a set of delivered activities, accreditation certificate and a new end of year sludent-led audit. 37 univer51ties Signed up to the basic, free programme whTch Tnclude5 acce55 to the loolkit action5 but no activitie5 or accreditation. The prografflme continued its expansion into FE colleges and primary schools, recruiting 56 new primary schools and 19 new FE college5. This year, working in partnership with Wirral Council, Hedgehog Friendly Schools was de11vered to 35 primary schools across the Wirral region, in collaboration with the council's Eco Schools network. This year has also seen the beginnin4 of a secondary school toolkit trrial, working with 5 new secondary schoo15 across the UK. The project has dellvered workshops, assemblies and trainin£ to over 18,000 staff and Students. This include5 10 hedgehog SueY workshops for university and FE colleges this year. It has delivered the Hedgehog Ecology and Land Management for Practitioners IHEMPI training course to 8 universities. colleges and schools and delivered 6 student recruitment stalls. Page 4
Brit15h Hed ho PreSeatiOn Societ Re rt of the Trustees for the Year Ended 31 March 2024 part of the project's Big Hedgehog Friendly Litter Pick, 1,4 volunteers collected almost 750 bags of litter. London Ho8Watch London Hogwatch is based at ZSL'5 science wing, the Institute of Zoology. The project, e5tabli5hed in 2016, u5e5 camera-trap surveys run at different scales Ilrom the largest parks to private gardens) to understand factors influencing their distribution% and abundance acr055 the capital. The long-terrn goal 15 to work toward5 informing and improving conservation strategies and itnproving habitat corridors. Thus far they have conducted over 120 surveys, 3,100 carnera placernent5, involving over 1,200 volunteers across 60% of London's boroughs. In 2023, London Hogwatch conducted 20 surveys across nine boroughs, four of which were new to the project. Trustees have agreed to continue to 5UPPOrt thi5 project by further committing over £69,000 to see it through until October 2024. Rehabilitators As well 35 offering an emergency grant scheme io help rehabilitators who need financial assistance, we continLJe ro ensure every one of the almost 600 hedgehog rehabilitators listed with us has a heat pad. as we believe it is an essential piece of equiptnent for hedgehog care. If rehabilitators listing themselves on the directory we keep do not have a heat pad, we send one to them free of charge. This year we sponsored a conference for rehabilitators at H3rtpury Universtty. Over 200 delegates attended from 14 countries with 20 different speakers. The Hedgehog First Aid and Rehabilitation course that we run in conjunction with Vale Wildlife Hospital continues to be very popular. The course costs £70 per person but we subsidise the cost for people who are listed on our directory of rehabilitators, so li only costs them 135. 50 far 2,025 people have attended the course. We often get approached by Ihe media asking for hedqehogs to be raken here and there for filming. We always ask that, if they need to film hedgehogs and cannot Use stock foota8e, It Should be Èn the wild or at a rescue centre for the sake of the hedgehogs, welfare_ This sometimes means WÈ LO the piecÈ to a rescue who 15 more than happy to take a hedgehog to a filming studio all day. We collaborated with RSPCA, The British Veterinary Zoological Society, The British Wildlife Rehabilitation Council, People's Tru%t for Endangered Specie5, Secret World Wildlife Rescue, Shepreth Wildlife Conservation Charity, and Vale Wildlife Hospital on a best practice guidance sheet including 311 those tsrganisations logos. Thi5 Mll hopefully reduce the request5 and let TV companies know that it is not acceptable on welfare ground5 to have wld hedgehog5 in the Studio. Another best practice guide with the same signatories has been created to cover advice about not taking hedgehogs to shows, talks, Wl's, schools. etc which we understand still happens in some instances. We have published boih guides on the website and sent out email and hard copies to rehabilitators, we also include relevant guidance in our education packs, and send to the media a5 recessary. Social Media We are delighied at the popularity of our X and Facebook page., the numbers ol 'followers' increase daily. Thi5 enables us to quickly send 'alerLS' to tnany people regarding how best to help hedgehog5 at any given time of year. They can re tweet. or share the p05t lo their own Facebook pages and spread the word very quickly. We have more than 229,000 followers on Facebook and almost 64,000 on X so the messages we send gèt spread far and widel Our fairly new Linkedln accourit has over 4,500 followers, and the newly launched Instagrarn account has over 3,000 followers already. We are very pleased to be able to utilise these free tools to benefit hedgehogs across the country. Fundraisin¥ Our supporters came up with wonderful ways of raising funds and awareness lor us, our thanks to all these atllazing. creative, and kind fundraisers and their supporter51 In April, Alistair McGowan appeared on land wonl Celebrity Mastermind for 8HP5, donating hi5 appearance feel The shop online is one of the most popular areas of our website and is likely to increase traffic to other areas of the site. We have a150 introduced an option where people can make a 'gift card donation. via the online shop and receive an exclusive BHPS gift card featurino hedgehou fact5, wildlife welfare advico and conservation tips to pass on to a loved one in lieu of a gift. All profits frorn the Trading Company are donated to the Charity each year and we receive kind donations given with orders too. Page 5
British Hed eho Preservation Societ Re rt ol the Trustees for the Year Ended 31 March 2024 Our legacy support is vital ro the Charity being able to undertake large projects and there were rnany kind bequests Left to the Charity thi5 year. Flnanclal revlew Going concern After rnaking appropriate enquirie5. the trustees have a re350nable expectation that the charity has adequate resources to continue in operational exisrence for the foreseeable future. For this rea5011, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. Flnancial risk management objectives and policies Trustee5 take reputational, operationèl and financial risk very seriously. Risks are rnonitored regLJlarly and rnanaged positively to limit the adverse consequences that can arise from unfavourable event5. Reserves policy Trustees firfflly believe that money Should not be accutnulated for its own sake. The Charity is wholly reliant upon the generosity of its supporters and the public. A target level of incorne can never be guaranteed or takeFTr for granted. TrLJStees aim to hold reserves that will ensure the objectives of the Charity can be pursued Mth some confidence and certainty over the tnediurn term recognising the inevitable fluctuations in annual income and the opportunities that can suddenly arise. The Charity also has a multiyear future programme of working with and funding kindred charitie5 to further it5 objective5. Trustees judge that the current level of re5erve5 Put5 the Charity in a sirong position to sustain its activities for the foreseeable future. At the end of year, the atnount of unrestricted reserve5 stands at [2.914,834 12023.. £2.814.3151. This amount includes several very generous legacies, for which of COLJrse we are extiemely grateful, but which cannot foreseen. These legacie5 will be used for special projects rather than day to day running of the Society. New project proposals that benefit hedgehogs Mll be considered and opportunities taken as they come along. We are very thankful to be able to support such projects due to generous donors rernembering us in their wills. Principal funding None of this fantastic and important work could be carried out without our Supporters, so we would like to thank every one of them. Whilst being an individual Supporter remains at just £7.50 per year, putting all those payments together. along with generous legacies and donations, enables us to commit to such ambitious projects to help our nation's hedgehogs. As well a5 the Supporters, the Chanty has enjoyed fantastic help from its Patrons and the Trustees, are of course, very grateful to them too. A final vote of thanks goes to thtr broadcasters, reporters and friends in the media for the coverage of the work of the Society and highlighting the plight of hedgehogs Fund5 held as custodian tru5tee5 on behalf of others The Society does not hold any funds in any capacity on behalf of others. Future plans Please refer to the review of activities and reserves policy for details of future plans. Page 6
Brttish Hed eho Preservation Societ rt of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT a. Constitution The Chanty was originally unincorporated and governed by its constitution adopted by the founders of the Charity on 23 May 1985 which was amended in May 2002. It5 registered charity nutnber wa5 originally 326885. By a deed signed by trustees on 18th November 2015 the Charity converted to a Charitable Incorporated Organisation ICIOI and is governed by an up to date constitution contained in this deed. The Charity's registration number is now 1164542. The Charity's objectives remain the Same as those originally adopted by the founders in 1985. Method of appointrnent or election ol Trustees Trustees are appointed in accordance with the Charlty'5 COnStitutlon approved in Novetnber 2015. Trustees are recruited by eKlSting trustees through a rigorous process that identifies the skills and expert needs of the 8oard of Trustees, advertising trustee vacancieg and evaluation of application5 and Intervierng potential candidates. Policie5 adopted for the induction and training of Trustees Following appointment tru5tee5 undergo induction tr3ining and continLJe to undertake personal development to ensure the Charity is effectively governed and the highest levels of 5teward5hip are tnaintained. Organisational structure and decision making The Board of Trustees rneets every three rnonths unless it is necessary ro deal with an urgent matter. The Board of Trustees Is assisted and advised by the Society's President Or P Morris and Trading Cotnpany Directors, M5 M Hor5croft and Ms kl Hancock. M5 F Vass as Chief Executive attends every 8oard meeting. The Secretary to the Board is Ms H Coleman. Day to day management and organi5ation 15 delegated to M5 F Vas5, an employee of the charity. Related party relationships The Charity wholly own5 a private limited company= British Hedgehoq Preservation Society Trading LimitÈd Company Registration Number 03407846. The Company sells various hedgehog related gifts and Souvenirs and fundrai5e5 for the charity. All profits made by the Company are donated to the Charity. The officers of the Company are.. Directors.. Ms M Horscroft and M5 H Hancock. Company Secreiary.. Ms F Va55. Thè Company's indopttndènt auditors aro-. Thorne Widgery, 2 Wyevale Business Park. Kings Acre. Hereford. HR4 78S Risk management The Trustees have assessed the major risks to which the charity is exposed, in panicular rhose related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major ri5k5. Engagement wlth suppliers, cu5torner5 and others None of this fantastic and important work could be carried out without our Supporters, so we would like to thank each and every one of them. well as the Supporters, the Charity ha5 enjoyed fantastic help frorn its Pairons and the Tru5tee5, are of course, very grateful to them too. A flnal vote of thanks goe5 to the broadcasters, reporters and friends in the media for the coverage of the work of the Society and highlighting the pllght of hedgehogs. REFERENCE AND ADMINISTRATIVE DETAILS Re8lStered Company number (England and Wales) Registered Charity number 1104542 Page 7
British Hed eho Preservation Societ Re rt of the Trustees for the Year Ended 31 March 2024 Registered officè Hedgehog House Dhustone Ludlow Shropshire SY8 3PL Trustees M55Guy Dr N J Reeve (Joint Chairl Ms I Verret (Joint Chairl Mrs K E Bullen Dr M Pound Ms Z Chapman (resigned 11.4.231 Mr J Hampstead Auditors Thorne Widgery Accountancy Ltd Chartered Accountants Statutory Audltors 2 Wyevale Business Park Kings Acre Hereford Herefordshire HR4 7BS Chief Executive Miss F Vass Charity registered number 1164542 Registered office Hedgehog House, Dhustone, Clee Hill, Ludlow, Shropshire, SY8 3PQ Company secretary Ms F Va55 FUNDS HELD AS CUSTODIAN FOR OTHERS The Society does not hold aY fund5 In any capacity on behalf of others STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees Iwho are also Lhe directors of British Hedgeho£ Preservation Society for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Page 8
8ritish Hed eho Preservation Societ rt of the Trustees for the Year Ended 31 March 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES- continued Company law reqkjires the Irusiees Eo prepare financial siaiements for each financial year which give a true and fair view of the state of affair5 of the charitable company and of the incoming resource5 and application of resource5, including the incotne and expenditure, of the charitable cotnpany for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently. observe the tnethods and principles in the Charity SORP,. make judgements and estimates that are reasonable and prudent: stale whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial 5tatetnents,' prepare Lhe 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 foi keeping proper accounting records which disclose th reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements omply with the Companie5 Act 2006. They are also responsible for safe2uarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware.. there 15 no relevant audit inforrnation of which the charitable companys auditors are unaware.. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infortnation and to establish that the auditors are aware of that informatTron. AUDITORS The auditors, Thorne Widgery AccoLJntancy Ltd. wll be proposed for re-appointtnent at the forthcoming Annual General Meeting. Report of the trust directors, on es, iricorporating a strategic report, approved by order of the board of trustees. as the company and signed on the board's behalf by: Ms I Verret - Trustee Page 9
rtof the Inde ndent Auditors to the Trustee5 of British Hed ho Preservation Societ Opinion We have audited the financial slatement5 of British Hedgeh Preservation Society (the 'charritable compan¥) for the year ended 31 March 2024 which comprise the Statetnent of Financial Activities, the Balance Sheet, the Cash Flow Statement and note5 to the financial statements, includTn£ a sutnrnary of significant accounting policies. The financial reporting fratTrework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial sratements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resource5, including its income and expenditure, for the year then ended., have bccn properly prcpared in accordance with United Kingdotn Generally Accepied Accounting Practice., and have been prepared in accordance with the requiremènts of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Auditin£ IUKI IISAS IUKII and applicable law. Our responsibilities under those standard5 are further described in the Auditors responsibilities for the audit of the financial stalement5 Section of our report. We are independent of the charitable company in accordance vAth the ethical requirements that are relevant to our audit of the financial statetnent5 In the UK, Including the FRC's Ethical Standard, and we hève fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained TS sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to going concern In auditing the financial statement5, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statetnent5 15 appropriate. Based on the work we have performed, we have not identified any material uncertainties relatin2 to events or conditions that, individually or collectively, may cast significant doubt on the charitable company5 ability to continue as a going concern for a period of at least twelve months from when the financial statements a authori5ed for issue. Our re5pon5ibilities and the re5pon5ibilities of the trustees th respect to going concern are described in the relevant sections of thi5 report. Other Tnformation The trustees are responsible for the other information. The other Tnformation comprises the information included in the Annual Report, other than the financFal 5taternents and our Report of the Independent Auditors thereon. Our opinion on the financial statements doÈs not cover the other information and, except to the extent otherwise èxplitilly Statèd in our report, do not expres3 any form of a?Jurancr cunEIu3ivn thErryn. In connection with our audit of the financial statement5, our responsib71ity is to read the othef information and, in doing so, consider whether the other information 15 tnaterially inconsistent wth the financial statements or our knowledge obtained in the audit or otherwTrse appear5 to be materially mi55tated. If we identify such material incon515tencies or apparent material misstatements, we are required ¢0 determine whether this gives rise to material tni5Staternent in the financial statetn8nt5 thernselves. If, based on the work we have performed, we conclude that there is a material misstatement ol this other information, we are required LO report that fact. We have nothirig to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities IAccounts and Reports) Regulation5 2008 requires us to report to you if, in our opinion: the information given in the Report of the Trustees is inconsistent in afty material respect with the financial statements,. or the charitable company has not kept adequate accountin£ records.. or the financial statements are not In agreetnenl with the accounting record5 and returns; or we have not received all the information and explanations we require for our audit. Page 10
Re rt of the Inde ndent Auditors to the Trustees of British Hed eho Preservation Societ Responsibilitie5 of trustees explained more fully in the Statetnent of Trustees, Responsibilities, the trustees Iwho are also the directors of the charitable cornpany for the purposes of company lawl are responsible for the preparatTon of the financial statements and for being sati%fied that they give a true and fair view, and for such intern31 control a5 the tru5tee5 deterrnine 15 necessary to enable the preparation of financial statements thai are free from marerial misstatement, whether due to fraud or error. In preparing the financial statetnents, the trustees are responsible for assessing the charitable coffipany'5 ability to continue as a going concern, diK105ing. a5 applicable, matter5 related to going concern and using the going concern basis of accour)ting unless the trustees either intend to liquidate the charitable corrpany or to cease operations, or have no realistic alternative but to do so. Page 11
Re ort of the Inde endent Auditors to the Trustees of 8rit15h Hed eho Preservation Societ Our responslbilitles for the audit of the financial statements We have been appointed as auditQTS under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material rni55taternent, whether dLJe to fraud or error, and to iSSLse a Report of the Independent Auditor5 that includes our opinion. Reasonable assurance is 3 high level of a55urance, but Is not a guarantee that an audit conducted in accordance with ISAS IUKI wll always detect a material mTsstatement when it exist5. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic deci5ion5 of u5er5 taken on the basis tsf these financlal statements. The extent to which our procedures are capable of detecting irreqularities, including fraud is detailed below: Fraud and breache5 of law5 and re8ulation5- abillty to detect Identifying and responding to risks of rnaterial missiatement due to fraud To identify risks of material misstatement due to fraud I'fraud risks") we assessed event5 or conditions that could indicate an Incentive or pressure to cornfflit fraud or provide an opportunity to Cotnmit fraud. Our risk assessment procedure5 included- o Enquiring of trustees, the finance committee and inspection of policy documentation as to the Charity's high-level policies and procedures to prevent and detect fraud as well as whether they have knowledge of any actual, suspected or alleged fraud. o Reading Trustees. meetings and finance committee minute5. o Considering performance target5 for management. We cornmunicated identified fraud ri5k5 throughout the audit team and rernained alert to any indications of fraud throughout the audit. As required by auditing standards, and taking into account our overall knowledge of the control environment, perform procedures to address the risk of management override of controls, in particular the risk that management may be in a position to make inappropriate accounting entrie5. On this audTt we do not believe there F5 3 fraud risk related to revenue recognition because the revenue is non-judgemental and straightforward, with lirnited opportunity for manipulation. We did not identify any additional fraud risks. We performed procedures including identifying journal entrie5 to test based on risk criieria and comparinE the identified entries to supporting documentation. These included those posted by finance management/ those posted and approv@d by the same userl those posted to unusual accounts. Identifying and responding to risks of material misstatement due to non.compliance with laws and re8ulatlOll5 We identified areas of laws and regulatlDns that could reasonably be expected to have a material effect on the financial statements from our general comrnercial and sector experience. and through discussion with management las required by auditing standardsl and discussed with management the policie5 and procedures regarding cornpliance with laws and regulations. We communicated identified law5 and regulations throughout our team and remained alert Lo any indications of non-compliance throughout the audit. The potential effect of these laws and regulations on the financial statements varies considerably. Firstly. the Charity IS Subject to law5 and regulations that directly affect the financial statement5 including financial reporting legislation, taxation legislation and the Charities Act legislation and we assessed the extent of compliance with these law5 and regulation5 as part of OLJr procedures on the related financial statement items. Page 12
ort of the Inde endent Auditors to ihe Trustees ol British Hed eho PreseThation Societ Secondly, the Charily is subject to many other laws and regulation% where the consequences of noncompliance could have a material effect on amounts or di5c105ure5 in the financial statements, for instance through the Imposition of fines or litigation or the loss of the Charity's license to operate. We identified the following areas a5 those most likely to have such an effect: health and safety, anti-bribery, emplgyment law, data protection, anti-money laundering and Specific area5 of other legislation recognising the nature of the Charity's activities. Auditing standards limit the required audit procedures to identify non-cotnpliance with these laws and regulations to enquiry of tnanagement, inspection of regulatory and legal correspondence, if any. Therefore, if a breach of operational regulations 15 not disclosed to us or ewdent from relevant correspondence, an audit will not detect that breach. Context of the ability of the audit to detect fraud or breaches of law or regulatson Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected sotne material misstatements in the financial statements, even though we have properly planned and perfortned our audit in accordance with auditing standards. For example, the further retnoved non-cotnpliance wth law5 and regulation5 is from the event5 and transactions reflected in the financial statements. the less likely rhe inherently limited procedures required by auditing 5tandard5 would identify it. In addition, as with any audit, there remained a higher risk of non-detection of fraud, as these rnay involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-cornpliance with all laws and reguLations. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsre5pon5ibilities. This description form5 part of our Report of the Independent AudTtOf5. Use of our report Thi5 report 15 made solely to the charitable company's trustees, as a body, in accordance with Part 4 of tho Charities (Accounts and Reports) Regulhtions 2008. Our audit work has been undertaken so that we might state to the charitable cotnpany 5 trustees those matters we are required to state to them in an auditors. report and for no other purpose. To the fullest extent permitted by law, we do not accept Of assume responsibility to anyone other than the charitable company and the charitable companys trustees as a body, for our audit work, for this report, or for the opinion5 we have forrned. Thorne Widgery Accountancy Ltd Chartered Accountant5 Statutory Auditors Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 2 Wyevale Business Park Kings Acre Hereford Herefordshire HR4 7BS +Lka Date.. Page 13
Brit15h Hed eho Preservation SocTet Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted fund Restricted fund Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 517,010 517,010 876,631 Investment income 94,102 94,102 32.291 Total 908,922 EXPENDITURE ON Raising funds 26,554 26,554 23.806 Charitable activities Hedgehog Conservation Work 484,039 484,039 452,593 Other Total 510,593 510.593 477,580 NET INCOME 100,519 1.519 431,342 RECONCILIATION OF FUNDS Total funds brought forward 2,814,315 54,964 2.869.279 2,437,937 TOTAL FUNDS CARRIED FORWARD 2,914,834 54,964 2,969,798 2,869,279 The notes form part of these financial statements Page 14
British Hed eho Preservation Societ Balance Sheet 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted fund Restricted fund Notes FIXED ASSETS Tangible assets Investments 14 189,648 15.0(X) 189,648 15,000 189,801 15,000 204,648 204,648 204,801 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 14,680 19,940 2,697,297 14,680 19,940 2,752,261 7,635 32,353 2,654,871 54,964 2,731,917 54,964 2,786,881 2.694.859 CREDITORS Amounts falling due within one year 18 121,7311 130,3811 NET CURRENT ASSETS 2.710.186 54,964 2,765,150 2,664,478 TOTAL ASSETS LESS CiJRRENT LIABILITIES 2,914,834 54,964 2,969.798 2.869.279 NET ASSETS 2,914,834 54,964 2,969,798 2,869,279 FUNL)S Unrestricted funds Restricted funds 2,914,834 54,964 2,814,315 54,964 TOTAL FUNDS 2,969,798 2,869,279 The charitable company is entitled to exetnption from audit under Section 477 of the Companie5 Act 2(K)6 for the year ended 3 1 March 2024. The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial 5tatetnenl5. The tru5tee5 acknowledge their respon5ibilitie5 for ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and faTr view of the State of affairs of the charitable company as at the end of each financial year and of Its surplus or deficit for each financial year in accordance with the requirement5 of Sections 394 and 395 and whtch otherwise comply with the requirements of the Companies Act 2006 relating ta financial statetnents, so far as applicable to the charitable company. These financial statetnents have been audited under the requirements of Section 145 of the Charities Act 2011. The financlal statements were approved by the Board of Trustees and authorised for issue on 1¥41.ft-.1.1.F.......................... and were Signed on its behalf by.. The notes form part of these financial statements Page 15 continued...
British Hed eho Preservation Societ Balance Sheet - continued 31 March 2024 Ms I vlrret Trustee The notes form part of these financial statements Page 16
British Hed ho Preservation Societ Cash Flow Statement for the Year Ended 31 March 2024 31.3.24 31.3.23 Note5 Cash flows from operatlng actlylties Cash generated from operations 3,918 410,043 Nel cash prowded by operating activitie5 3,918 410,043 Cash flows from investing activities Purchase of tangible fixed a5set5 Interest received 16301 94,102 32,291 Net cash provided by investing activities 93,472 31,073 Changè in ¢ash and cash equivalents in the reporting period Cash and cash equivalents at the beyinnin8 of the reporting period 97,390 441,116 2,654,871 2,213,755 Cash and cash equivalents at the end of the reporting period 2.752,261 2,654,871 The note5 fortn part of these financial statements Page 17
British Hed ho Preservation Societ Notes to the Cash Flow Statement for the Year Ended 31 March 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPEIiATING ACTIVITIES 31.3.24 31.3.23 Net income for the reporting perlod las per the Statement of Financial Activities) Adjustmènts for: Depreciation charges Interest received Increase in stocks Decrease in debtors IDecrea5ellincrea5e in creditors 100,519 431.342 783 194,1021 17,0451 12,413 18,6501 890 132,2911 17,6351 8,866 8,871 Net cash provided by operation5 3,918 410,043 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 2,654,871 97,390 2,752,261 2,654,871 97.390 2,752,261 Total 2,654,871 97,390 2,752,261 The note5 fortn part of these financial statements Page 18
British Hed eho Preservation Societ Notes to the Financial Statetnents for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statement5 The financial 5tatement5 Qf the charitable cotnpany, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin£ Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191.. Financial Reporting Standard 102 The Financial Reporting Standard applicable In the UK and Republic of Iroland. and the Companies Act 2006. Thè financial Statements have been prepared under the historical cost convention, with the exception of investments which are Included at rnarket value. The 8rit15h Hedgehog Preservation Society meets the definition of a public benefit entity under FRS 102. sets and liabilities are Trnitially recognised at historical cost or transaction value unless otherw5e stated in the relevant accounting policy. Preparation of consolidated finantial 5tatement5 The Charity has not prepared Consolidated Financial StaLement5 as the results of both Group entities are below the consolidation thresholds. Going Concern The tru5tee5 asses5 whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to ontinue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the charity has adequate resources to continue in operational existence for rhe foreseeable future and Lhere are no material uncertainties about the charity's ability to continue a5 a going concern, thu5 they continue to adopt the going concern basis of accounting in preparing the financial statements. The board will continuÈ to monitor and review the activities and provide strong and clear govÈrnance. Preparation of consolidated financial statements The Charity has not prepared Con501idated Financial Statements as the results of both Group entities are below the consolidation threshold5. Incoffle All incotne is recogni5ed once rhe Charity has entitlement to the income, it Is probable that the income will be received and the atnount of incotne receivable can be measured reliably. The recognition of income from legacie5 15 dependent on establishing entitlement, the probability of receipt and the ability to estimate with Sufficient accuracy the amount receiv3ble. Evidence of entitletnent to a legacy exist5 when the CharTrty ha5 sufficient evidence that a gift has been left to thetn (through knowledge of the existence of a valid wll and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claitlls in the estate. Receipt of a legacy must be recognised when it Is probable that it will be received and the fair value of the arnount receivable, which will generally be the expected cash afflount Lo be distributed to the charity can be reliably measured. Grants are included in the 5taletllent of financial activities on a recèivable basis. The balance of income received lor Specific purposes but not expended during the period is Shown in the relevant funds on the Balance sheet. Where income Is received in advance of entitlement of receipt, its recognition is deferred and included in creditor5 as deferred income. Where entitlemeni occurs before Incotne is received, the income is accrued. Where the donated good Is a fixed a55et, it 15 measured at fair value, unless it is impraciical to measure thi5 reliably, in whEch case the cosl of the item to the donor shDuld be used. The gain 15 recognised as income frotn donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordhnco with the Charity'5 accounting policies. Page 19 continued...
British Hed ho Preservation Societ Notes to the Financial Statements continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Income On receipt, donated professional services and facilitie5 are recognised on the ba515 of the value of the gift to the Charity which is the amount it would have been wlling to pay to obtain services or facilities of equivalent economic benefit on the open rnarkeL,' a corresponding arnoLJnt 15 then recogni5ed in expenditure in the period of receipt. IncoFDe tax recoverable in relation to donation5 received under Gift Aid or deeds of covenant is recognised at the time of the donation_ Income tax recoverable in relation to investment income is recognised at the tirne the investment income is receivable. Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; thi% i% normally upon notification of the Interest paid or payable by the institution with whom the funds are deposited. ExpÈndlture Expenditure 15 recognised once there TS 3 leg31 or constructive obligation to transfer economic benefEt to a third party, it 15 probable that a transfer of economic benefit5 will be required in Settlement and the arnount of the obligation can be meagured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct C05t5 and shared cost5, including support cost5 involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and SLJPPOrt costs which are not attributable to a 5ingLe activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of tTme spent. and depreciation charges allocated on the portion of the asset's use. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of dis5erninating information in support of the charitable activitie5. Support C05t% are those costs incurred directly in sUPPOrt of expenditure on the object5 of the Charity and include project management carried our at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance wth constitutional and statutory requirernents. Costs of generating funds are costs incurred in attracting voluntary income, and those Incurred in trading activities that raise funds. Charitable activTtTes and Governance costs are costs incurred on the charity's educational operation5, including support tosts and costs rèlating to the governancÈ of thÈ charily apportioned to tharitablè activities. Grants payablÈ are charged in the year when the offer is made except in those cases wh&rÈ thè offer Is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to condition5 which have not been tnet at the year end are noted a5 a commitment, but not accrued as expenditure. Grants ollered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Tanglble flxed assets Tangible fixed a55ets costing £500 or more are capitali5ed and recognised when future economlc beneflts are probable and the cost or value of the a55et can be rneasured reliably. Page 20 continued...
British Hed eho Preservation Societ Notes to the Financial Staternents - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - contlnued Tangible fixed a55et5 Tangible fixed as5eis are Initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accurnulated depreciation and any accumulated impairment 1055es. All c05tS incurred to bring a tangTrble fixed asset into 1t5 Intended working condition should be included in the tneasurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed asset5 le5S their residual value over their estimated useful lives, Ljsing the straight-line method. Depreciation is provided on the following bases.. Freehold property - NIA Fixtures and littingg - 15% Computer equipment - 20% Stocks stoc are valued at the lower of cost and net realisable value, after rnaking due allowance for obsolete and slow Moving items. Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Restricted funds are fund5 which are to be used in accordance with specific restrictions imposed by donor5 or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the Specific fund. The aim and use of each restricted fund 15 set out in the notes to the financial statement%. Investmènt5 Fixed asset investmenLS are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less ifflpairmenl. Investment gain5 and Losses, whether reali5ed or unrealised, are combined and presented a5 'Gainsl (Losses) on investments, in Lhe Statement of financial activities. Investments in subsidiaries are valued at cost less provision for impairtnent. Debtor5 Trade and other debtors are recognised at the settlement amount after any trade di5COLtnL offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and in hand Includes cash and short-term highly liquid investments with a short maturity of three months or less frorn the date of acquisition or opening of the deposit or similar account. Liabilities and Provision5 Liabilitie5 are recognised when there is an obligation at the Balance Sheet date a5 a result of a past event, it is probable that a Iransfer of economic benefit will be required in settlement, and the atnount of the settlement can be estlmated rellably. Liabilitie5 are recogni5ed at the atllount that the Charity anticipates it wll pay to Settle the debt or the amount it has received a% advanced paytnent5 for the good5 or service5 It must prowde. Paqe 21 continued...
Brit15h Hed ho Preservation Societ Notes to the Financial Statement5 - Continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Inve5tment5 Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money 15 material, the provision 15 based on the present value of th95e atnounts. discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. Finantial Instruments The Charity only ha5 financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are Initially recogni5ed at transaction value and subsequently measured at their settlement value with the exception of bank loans which are 5ub5equently measured at amortised cost using the effective interest method. Pensions The Charity operates a defined contrlbution pension scheme and the pensitsTTr charge represents the amounts payable by the Charity to the fund Tn respect of the year. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY EstirnaLes and judgements are continually evalLJaled and are based on historical experience and other factors, includinq expectations of future events that are believed to be reasonable under the circumstances. CritFcal accounting e5timate5 and a55umptions: The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will. by definition, seldom equal the related actual results. DONATIONS AND LEGACIES 31.3.24 31.3.23 Membership income Donations Legacies Sundry income 62,667 235,047 206,957 12,339 64.360 203,450 597,409 11,412 517,010 876,631 INVESTMENT INCOME 31.3.24 31.3.23 DerK)Sit account interest 94,102 32.291 Page 22 ontinued...
British Hed eho Preservation Societ Notes to the Financial Statements continued for the Year Ended 31 March 2024 RAISING FUNDS Raising donations and legacie5 31.3.24 31. 3.23 Staff costs Advertising Newsletter PromDtion5 Press CLtrttings Website costs Training Fee5 8,211 2,500 5,284 9,243 5,301 3,060 6,232 2,076 13,096 5,967 1,837 1,793 440 33,599 31,441 Other trading activities 31.3.24 31.3.23 Opening stock Closing stock 7,635 114,6801 17,6351 17,0451 17,6351 Aggregate amount5 26.554 23,806 CHARITABLE ACTIVITIES COSTS Grant funding of activities Isee note 81 Direct C05ts15ee note 71 Support costs 15ee note 91 Totals Hedgehog Conservation Work 208,473 191,679 83,887 484,039 Page 23 continued...
British Hed ho Pre5ervatTron Societ Notes to the Financial Statements continued for the Year Ended 31 March 2024 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.3.24 31.3.23 Staff costs Telephone Postage and stationery Sundrie5 Printing Donations and grants to carers Other support cosL5 Travel costs Conferences Vale Course Other Project Costs 115,641 1,761 19.106 1,252 12,328 2,191 2,447 547 824 13,160 39,216 89,244 1,665 20.918 1,335 17,769 2,316 3,249 705 12,620 208,473 149,821 GRANTS PAYABLE 31.3.24 31.3.23 Hedgehog Conservation Work 191,679 218,745 The total grants paid to institutions duTing the year was a5 follow5.. 31.3.24 31.3.23 Hedgehog Friendly CampLJS ZSL - London Hog Watch Hedgehog street Project Microbiome5 StLJdy 43,685 69,678 70,566 54,405 62,645 40,567 35,000 26,128 Microplastics Study Bracknell Forest Council 5,250 2,51J) Hartpury University 191,679 218,745 Page 24 continued..
British Hed eho Preservation Societ Note5 to the Financial Statetnents - continued for the Year Ended 31 March 2024 SUPPORT COSTS Governance costs Management Finance Totals Hedgehog Conservation Work 67,830 1,465 14,592 83,887 Support costs, included in the above, are a5 follows- Management 31.3.24 Hedgehog Conservation Work 31.3.23 Toial activities Wages Social security Pensions Insurance Light and heat Repairs Depreciatlon of tangible and heritage assets 41,428 2,433 5.056 1,967 8,001 8,162 783 32,111 1,073 3,945 2,216 14,479 5,743 890 67,830 60,457 Finance 31.3.24 Hedgehog Conservation Work 31.3.23 Ttstal activitie5 Bank charges 1,465 1,406 Governance c05t5 31.3.24 Hedgehog Conservation Work 31.3.23 Total Auditors. remuneration Consultancy Trustees expenses 12.277 13.856 2,950 5,358 2,315 14.592 22,164 Page 25 continued...
British Hed ho Preservation Societ Notes to the Financial Statements - continued for the Year Ended 31 March 2024 10. NET INCOME/IEXPENDITUREI Net incomel lexpenditurel 15 stated after chargingllcreditingl.. 31.3.24 31.3.23 o description Depreciation owned asset5 12,277 783 13,856 890 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 March 2024 nor for the year en(Sed 31 March 2023. Trustees. expenses DLJring the year ended 31 March 2024, expen5e5 totalling £2,315 were reimbursed to 4 Tru5tee5 12023 . £5,358 to 5 TrLJSteesl. The expenses related to meeting costs. STAFF COSTS 31.3.24 31.3.23 Wage5 and salarie5 Social security costs Other pension costs 146,024 8,688 18,057 114,683 3,832 14,090 172,769 132,605 In the year the key managernent of the charity received benefits lincluding employer contributTons and employer national insurance contributions) of £66,151 12023.. L61,0981. The average monthly number of employees during the year was as follows.. 31.3.24 31.3.23 Full time stsff Part time staff No employee5 received etllolutnent5 in excess of £60,000. Page 26 continued...
British Hed eho Preservation Societ Notes to the Financial Statements - continued for the Year Ended 31 March 2024 13. COMPAPATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM onations and legacies 876,631 876,631 Investment income 32,291 32,291 Total 908,922 908,922 EXPENDITURE ON Raising funds 23,806 23,806 Charitable activities Hedgehog Conservation Work 452,593 452,593 Other Total 477.580 477,580 NET INCOME 431.342 431,342 RECONCILIATION OF FVNDS Total funds brought forward 2,382,973 54,964 2.437.937 TOTAL FUNDS CARRIED FORWARD 2,814,315 54,964 2,869,279 14. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Computer equipment Totals COST At 1 April 2023 Additions 188,000 475 7,533 630 196,008 630 At 31 March 2024 188,000 475 8,163 196,638 DEPRECIATION At 1 April 2023 Charge for year 475 5,732 783 6,207 783 At 31 March 2024 475 6,515 6,990 BOOKVALUE At 31 March 2024 188,000 1,648 189,648 At 31 March 2023 188,000 1,801 189.801 Page 27 continued...
British Hed eho Preservation Societ Notes to the Financial Statements - continued for the Year Ended 31 March 2024 FIXED ASSET INVESTMENTS Shas in group undertakings MARKET VALUE At 1 April 2023 and 31 March 2024 15,000 NET BOOK VALUE At 31 March 2024 15,000 At 31 March 2023 15,000 There were no investment as5els outside the UK. The charity has a wholly owned trading subsidiary, British Hedgehogs Preservation Society Trading Ltd 1034078461, which is incorporated in the Untied Kingdom. The company gift5 Its profit5 to the charity. sumtnary of trading re5uIt5 IS Shown below. 2024 2023 Turnover Cost of sales 75,487 141,8041 89,328 154,6941 Gr055 Profit 33,683 34,634 Admin expenses 136,2721 137,871 Other operating income Operating profTt 12.5891 13,2371 Interest receivable and similar income Profit before tax 12,5761 13.2351 Net assets 14,098 16,674 STOCKS 31.3.24 31.3.23 Stocks 14,680 7,635 Page 28 continued...
Brit15h Hed ho Preservation Societ Note5 to the Financial Statements - continued for the Year Ended 31 March 2024 DEBTORS- AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Arnounts owed to group undcrtakings Prepayment5 and accrued incotne 4,575 11,546 3,819 3,083 16,357 12,913 19,940 32,353 CREDITORS- AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Accrued expenses 5,174 16.557 11,766 18.615 21,731 30.381 MOVEMENT IN FUNDS Net movetnent in fund5 At 31.3.24 At 1.4.23 Unrèstrictèd funds General fund 2,814,315 100,519 2,914,834 Restrieted funds Restricted Funds 54,964 54,964 TOTAL FUNDS 2,869,279 100,519 2,969,798 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in fund5 Unrestricted fund5 General fund 611,112 1510,5931 100,519 TOTAL FUNDS 611,112 1510,5931 100,519 Page 29 continued..-
British Hed ho Preservation Societ Notes to the Financial Statements continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- continued Cornparatives for movement in fund5 Net movetllent in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 2.382.973 431,342 2,814,315 Restricted funds Restricted Funds 54,964 54.964 TOTAL FUNDS 2.437.937 431,342 2,869,279 Comparative net movetllent in fLJnd5, included in the above are as follows: Incomin resources Resource5 expended Movement in funds Unrestricted funds General fund 908,922 1477,5801 431.342 TOTAL FUNDS 908,922 1477, 5801 431,342 Unrestrlcted Funds these funds are held for the day to day running and operations of the Charity. Restricted Funds these are held in respect of the Ui5t Hedgehog Rescue. an operation to relocate hedgehogs safely from the island of Uist to the Scottish mainland. Thi5 15 a Special project to stop the culling of Hedgehogs, the money was raised specifically for that purpose',however. hedoehog culling is not currently an issue in the area. This fund is held 7n-ca5e the culling starts again., hence, no movement on the fund for the current pe0d. 20. EMPLOYEE BENEFIT OBLIGATIONS The charity operate5 a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently adtninistered fund. The pension cost charge represents contributioris payable by the charity to the fund and amounted to 118,056 12023= £14,0901. Contributions totalling £nil 12023.. £nill were payable to the fund at the balance Sheet date. Page 30 continued...
British Hed eho Preservation Societ Notes to the Financial Statements - continued for the Year Ended 31 March 2024 21. RELATED PARTY DISCLOSURES British Hedgehog Preservation Society Trading Limited is a wholly owned subsidiary of the charity. During the year the charity has operated an intercompany account with its subsidiary, at the end of the year British Hedgehog Preservation Society Trading Limited owed the charity £11,546 12023.. owed the charity £16,357). During the year the subsidiary received income of £69,41712023.. [61,0001 on behalf of the charrity which was rechaTged through the intercompany account. The charity incurred expenditure of £1,539 12023- £1,180) on behalf of its subsidiary which was a150 recharged through the intercompany account. In addition the charity recharged £23,081 12023.. C23,7411 of wage5 incurred to the subsidiary to reflect the element of the ernployees work relating to that company. During the year the charity received a donation from its trading company of £nil 12013.. É10,5691. Page 31