Charity no. 1185451
## **Beaver Trust Report and Unaudited Financial Statements 31 March 2024**
The Trustees have referred to the guidance from the Charity Commission on the public benefit in producing this report and when reviewing our aims and objectives and planning our future activities.
## **Objectives and Activities**
## **Our charitable objectives**
To promote the conservation, protection and improvement of the physical and natural environment, in particular, but not exclusively, through the reintroduction of beavers with a view to improving biodiversity.
To advance the education of the public in the conservation, protection and improvement of the physical and natural environment, in particular, but not exclusively, focusing on the role of beavers and their impact on ecosystems.
## **Our mission**
We restore beavers to regenerate our landscapes.
## **Our strategic goals**
**----- Start of picture text -----**
Communicate &
Restore Influence
Educate
We facilitate the restoration of
We mobilise widespread public We work with governmental bodies
beavers throughout Britain,
understanding, and targeted and stakeholders to develop
prioritising catchments that
engagement with sceptical interest national strategies and policies
maximise biodiversity and groups, to inform and encourage that enable the restoration and
ecosystem benefits, connect and acceptance of the changes beavers normalisation of beavers and
augment existing populations and
bring and prepare people to co- wetlands with pragmatic
promote holistic catchment land exist with them. management and mitigation.
use practices whilst ensuring long-
term coexistence.
**----- End of picture text -----**
## **Our cross-cutting objectives**
We work as a team to ensure that the collaboration we strive for externally is mirrored in the way we work together internally.
We work positively to improve our awareness of diversity, equity and inclusion and to take action that enables real inclusiveness.
Page 1
## **Achievements & Performance**
## **18**
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1st
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Communicate & Edu
2.8.+
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all about beavtrs.
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Avi
£250k _
awarded from the National Lottery
Heritage Fund for the next three years.
launching an education programme in
collaboration with beaver sites and their
local schools and communities.
10.000¥.-
listeners downloaded e
season 5 and 6 of Beave
on beaver management and climate &
beavers respectively.
idosdo5 of..
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CONFERENCE
REsfoRIMG BEAVERSTOTHE BRMSH LANDSCAPE
-200+
delegates attended our¥irs
conference,
designed to inspireSnd inform best
practice in beaver restoratfon.
Restoring
To Regenerate
Our Landscapes
BEAVER
CONFERENCE 2023
KiYNoTa
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beaver conference summary.
events att*rtdEd, wit
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coalitions joined. Wildlife an
Countryside Link in England and The-
Scottish Rewilding Alliance in Scotland.
to extend the reach of our influencing
work.
emen
events. the '
eaver blethers.
## **Plans for the future**
As we look to the future Beaver Trust is committed to continuing its mission to restore beavers to regenerate our landscapes and build on everything we've achieved to date. Below are just some of our aims for the next year:
- Continue to trap and translocate animals from conflict sites and release them into new areas where there activities can provide real environmental benefits.
- Launch our multi-year education programme, funded by the National Lottery Heritage Fund, in collaboration with beaver sites and their local schools and communities.
- Launch a new series of training programmes to disseminate our team’s expertise and experience.
- Develop dedicated facilities for the health screening of beavers being translocated at Five Sisters Zoo.
- Welcome a dedicated policy lead to propel our influencing work forward and help achieve our policy goals across Scotland, England and Wales.
- Provide expertise and support to more land owners to live alongside beavers.
- Conduct and publish more beaver related scientific research.
- Deliver a number of projects that will help realise the ecological benefits of beaver activities while protecting and preserving endangered migratory salmonid populations.
**----- Start of picture text -----**
We hope to deliver a number
of projects which will help
realise the ecological
benefits of beaver activities
while protecting and
preserving endangered
migratory salmonid
populations.
**----- End of picture text -----**
Page 5
## **Financial Review**
## **Financial Position**
Total income for the year ended 31 March 2024 was £892,311. Income from our charitable activities was £296,500. The organisation has benefited from £9,885 in the form of volunteer time. Net assets at the year end were £511,029 with the cash position being £525,678. Secured income for the year ahead is £206,698.
Total expenditure for the year was £891,128. Support and governance costs were £106,122 of which £6,756 was allocated to fundraising and £99,366 allocated to charitable activities, as detailed in note 6 to the financial statements. The surplus at the year end was £1,183.
## **Reserves Policy**
The charity’s reserves policy is to hold general reserves that will fulfil operating expenditure for a period of 3 - 6 months. General reserves are unrestricted funds excluding designated funds. General funds at 31 March 2024 were £480,774 , which equates to 6 months of operating costs.
## **Going Concern**
The trustees consider that the charity will continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. The trustees therefore consider it appropriate to adopt the going concern basis for the preparation of the accounts, as detailed in note 1(b) to the financial statements.
## **Thank You**
Beaver Trust’s success is a result of generous support from many individuals, trusts and foundations. The trustees would particularly like to thank the following organisations: AIM Foundation, Ecological Restoration Fund, Esmee Fairbairn Foundation, Frederick Mulder Foundation, Garfield Weston Foundation, John Ellerman Foundation, Oak Foundation, The European Nature Trust and The Banister Charitable Trust.
The Trustees would also like to thank all the other individuals and organisations who have supported our work this year.
**----- Start of picture text -----**
Page 6
This is the first beaver
kit to be born at our
holding facilities at Five
Sisters Zoo which is now
thriving with its family
at National Trust’s
Wallington Estate
**----- End of picture text -----**
## **Structure, Governance and Management**
## **Legal and administrative details**
Beaver Trust was founded on 23 September 2019 as a charitable incorporated organisation (CIO). It is registered in England and Wales (Charity no. 1185451). Its registered office is 61 Bridge Street, Kington, Herefordshire, HR5 3DJ. The charity is governed using a CIO Foundation Constitution whose only voting members are its trustees.
The members of the trustee board are trustees under charity law. They are also known as board members.
## **Recruitment of Trustees**
Prospective trustees are required to formally apply and to be interviewed. Every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## **Statement of Trustee responsibilities**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:
Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP;
- Make judgements and accounting estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Members of the charity have no liability to contribute to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
Page 7
## **Reference and Administrative Details**
## **Registered charity name**
Beaver Trust
## **Charity registration number**
1185451 (England & Wales)
## **Principal office address**
Little Orchard, Ford Road, Wiveliscombe, TA4 2NJ
## **Registered office address**
61 Bridge Street, Kington, Herefordshire, HR5 3DJ
## **Charity Trustees**
Alasdair Harris Andrew Simms (Resigned 13 June 2023) Jennifer Scholfield Keith Shepherd Matthew Brady Victoria Heffer Nicola Saunter Katharine Barke (Appointed 3 January 2024) James Bliss (Appointed 3 January 2024) Richard Allan (Appointed 3 January 2024)
## **Independent Examiner**
Godfrey Wilson Ltd were re-appointed as the charity’s independent examiners during the year and have expressed their willingness to act in that capacity.
Godfrey Wilson Limited, 5th Floor Mariner House, 62 Prince Street, Bristol, BS1 4QD.
## **Bankers**
CAF Bank, 25 Kings Hill Ave, Kings Hill, West Malling, ME19 4JQ. PayPal Wise
Approved by the trustees on 21 August 2024 and signed on their behalf by:
## Alasdair Harris
Alasdair Harris� 21 August 2024
Page 8
## **Independent examiner's report**
## **To the trustees of**
## **Beaver Trust**
I report to the trustees on my examination of the accounts of Beaver Trust (the CIO) for the year ended 31 March 2024, which are set out on pages 10 to 25.
## **Responsibilities and basis of report**
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since the CIO’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the CIO as required by section 130 of the Act; or
- (2) the accounts do not accord with those records; or
- (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
In all other respects, I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Date: 21 August 2024 **Robert Wilson (FCA) Member of the ICAEW**
For and on behalf of:
## **Godfrey Wilson Limited**
Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
9
## **Beaver Trust**
## **Statement of financial activities**
## **For the year ended 31 March 2024**
|Note
**Income from:**
Donations
3
Charitable activities
4
Other trading activities
5
Investments
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
6
8
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**Net income / (expenditure) and**
**movement in funds**|Restricted
£
£
138,512
448,602
-
296,500
-
267
-
8,430
138,512
753,799
-
57,211
108,257
725,660
108,257
782,871
30,255
(29,072)
-
509,846
30,255
480,774
Unrestricted|**2024**
**Total**
**£**
**587,114**
**296,500**
**267**
**8,430**
**892,311**
**57,211**
**833,917**
**891,128**
**1,183**
**509,846**
**511,029**|2023
Total
£
476,939
223,155
243,797
2,170|
|---|---|---|---|
||||946,061|
||||101,862
599,897|
||||701,759|
||||244,302
265,544|
||||509,846|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 15 to the accounts.
10
## **Beaver Trust**
## **Balance sheet**
## **As at 31 March 2024**
|Note
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
**Liabilities**
13
**Net current assets**
**Net assets**
14
**Funds**
15
Restricted funds
Unrestricted funds
Designated funds
General funds
**Total charity funds**
Creditors: amounts falling due within 1 year|**92,171**
**525,678**
**617,849**
**(147,204)**|**2024**
**£**
**40,384**
**470,645**
**511,029**
**30,255**
**-**
**480,774**
**511,029**|2023
£
50,344|
|---|---|---|---|
||||87,269
464,184|
||||551,453
(91,951)|
||||459,502|
||||509,846|
||||-
3,000
506,846|
||||509,846|
Approved by the trustees on 21 August 2024 and signed on their behalf by
## Alasdair Harris
Alasdair Harris - Trustee
11
## **Beaver Trust**
## **Statement of cash flows**
## **For the year ended 31 March 2024**
|**Cash used in operating activities:**
Net movement in funds
_Adjustments for:_
Depreciation charges
Dividends, interest and rents from investments
Decrease / (increase) in debtors
Increase / (decrease) in creditors
**Net cash provided by / (used in) operating activities**
**Cash flows from investing activities:**
Dividends, interest and rents from investments
Purchase of tangible fixed assets
**Net cash provided by / (used in) investing activities**
**Increase / (decrease) in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2024**
**£**
**1,183**
**19,987**
**(8,430)**
**(4,902)**
**55,253**
**63,091**
**8,430**
**(10,027)**
**(1,597)**
**61,494**
**464,184**
**525,678**|2023
£
244,302
9,822
(2,170)
(39,119)
42,231|
|---|---|---|
|||255,066|
|||2,170
(60,166)|
|||(57,996)|
|||197,070
267,114|
|||464,184|
The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.
12
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
**1. Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Beaver Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.
## **b) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern. There are no material uncertainties about the charity's ability to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income earned by the restoration team is recognised as work is completed.
## **d) Donated services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.
On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **e) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
13
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **1. Accounting policies (continued)**
## **f) Funds accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **g) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **h) Grants payable**
Grants which have been authorised and paid are included as expenditure in the Statement of Financial Activities. Grants which have been authorised but not yet paid are accrued in the balance sheet and are included within creditors falling due within one year or after one year (as appropriate).
## **i) Allocation of support and governance costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between activities in proportion to the direct costs incurred, as follows:
|ws:|||
|---|---|---|
||**2024**|2023|
|Raising funds|**6.4%**|14.5%|
|Charitable activities|**93.6%**|85.5%|
## **j) Tangible fixed assets**
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
|Motor vehicles|3 years straight line|
|---|---|
|Equipment|3 years straight line|
Items of equipment are capitalised where the purchase price exceeds £5,000.
## **k) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
14
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **1. Accounting policies (continued) l) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **m) Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **n) Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
## **o) Accounting estimates and key judgements**
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key source of estimation uncertainty that has a significant effect on the amounts recognised in the financial statements is depreciation as described in note 1(j) above.
15
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **2. Prior period comparatives: statement of financial activities**
|**Income from:**
Donations
Charitable activities
Other trading activities
Investments
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net movement in funds**
**3.**
**Income from donations**
Donations
Gifts in kind
**Total income from donations**
**Prior period comparative:**
Donations
Gifts in kind
**Total income from donations**
**Net income / (expenditure) and**
**movement in funds**
**Reconciliation of funds:**
Total funds brought forward|Restricted
Unrestricted
£
£
8,000
468,939
-
223,155
-
243,797
-
2,170
8,000
938,061
-
101,862
31,000
568,897
31,000
670,759
(23,000)
267,302
23,000
242,544
-
509,846
Restricted Unrestricted
£
£
138,512
431,046
-
17,556
138,512
448,602
Restricted Unrestricted
£
£
8,000
449,913
-
19,026
8,000
468,939|**Total**
**2023**
**£**
**476,939**
**223,155**
**243,797**
**2,170**|
|---|---|---|
|||**946,061**|
|||**101,862**
**599,897**|
|||**701,759**|
|||**244,302**
**265,544**|
|||**509,846**|
|||**2024**
**Total**
**£**
**569,558**
**17,556**|
|||**587,114**|
|||2023
Total
£
457,913
19,026|
|||476,939|
16
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **4. Income from charitable activities**
|**Income from charitable activities**||||
|---|---|---|---|
|Beaver management services
Communication and education services
**Total income from charitable activities**|Restricted Unrestricted
£
£
-
287,800
-
8,700
-
296,500|**2024**
**Total**
**£**
**287,800**
**8,700**
**296,500**|2023
Total
£
212,955
10,200|
||||223,155|
In the prior year, income from charitable activities was unrestricted.
**5. Income from other trading activities**
|**Income from other trading activities**|||
|---|---|---|
|Restricted Unrestricted
£
£
Fundraising auction event
-
-
Merchandise
-
267
**Total income from other trading activities**
-
267|**2024**
**Total**
**£**
**-**
**267**
**267**|2023
Total
£
243,472
325|
|||243,797|
17
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
|**For the year ended 31 March 2024**||||
|---|---|---|---|
|**6.**
**Total expenditure**
Staff costs (note 9)
Consultancy / freelancer fees
Beaver management services
Travel
Meetings and events
Communication and media
Grants payable (note 7)
External programme costs
Supporter/ Volunteer
Depreciation
Office costs
IT and phones
Accounting
Legal and professional
Insurance
Exchange gain/loss
**Sub-total**
Allocation of support and governance costs
**Total expenditure**|Raising
funds
£
50,455
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
50,455
6,756
**57,211**|Charitable
activities
£
£
365,035
54,207
14,653
8,812
154,997
-
69,597
-
11,153
-
5,148
-
13,000
-
80,251
-
1,372
-
19,987
-
-
25,829
-
7,329
-
2,359
-
1,006
-
6,580
(642)
-
734,551
106,122
99,366
(106,122)
**833,917**
**-**
Support and
governance|**2024**
**Total**
**£**
**469,697**
**23,465**
**154,997**
**69,597**
**11,153**
**5,148**
**13,000**
**80,251**
**1,372**
**19,987**
**25,829**
**7,329**
**2,359**
**1,006**
**6,580**
**(642)**|
||||**891,128**
-|
||||**891,128**|
Total governance costs were £5,167 (2023: £3,328).
18
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **6. Total expenditure (continued) Prior period comparative**
|Staff costs (note 9)
Consultancy / freelancer fees
Beaver management services
Travel
Meetings and events
Fundraising events
Communication and media
Grants payable (note 7)
External programme costs
Foreign exchange (gain) / loss
Depreciation
Office costs
IT and phones
Accounting
Legal and professional
Insurance
**Sub-total**
Allocation of support and governance costs
**Total expenditure**|Raising
funds
£
48,166
-
-
-
-
39,925
1,013
-
-
-
-
-
-
-
-
-
89,104
12,758
101,862|Charitable
activities
£
£
276,944
49,131
750
7,472
124,959
-
45,368
-
2,399
-
-
-
5,609
-
41,000
-
17,926
-
(18)
-
9,822
-
-
9,562
-
1,390
-
2,040
-
14,380
-
3,921
524,759
87,896
75,138
(87,896)
599,897
-
Support and
governance|2023
Total
£
374,241
8,222
124,959
45,368
2,399
39,925
6,622
41,000
17,926
(18)
9,822
9,562
1,390
2,040
14,380
3,921|
|---|---|---|---|
||||701,759
-|
||||701,759|
## **7. Grants payable**
During the year, 5 grants were awarded to 5 institutions (2023: 2 grants to 1 institution) and 0 to an individual (2023: 1) for the construction of beaver holding facilities.
Total grants committed to during the year were as follows:
|Grants payable to institutions:
Five Sisters Zoo
Derek Gow Consultancy
Citizen Zoo
SSPCS
Heart or Argyll Wildlife
North Wales Wildlife Trust
Wildlife Trust for Beds, Cambs & Northamptonshire|**2024**
**£**
**-**
**-**
**2,000**
**3,000**
**2,000**
**3,000**
**3,000**
**13,000**|2023
£
26,000
15,000
-
-
-
-
-|
|---|---|---|
|||41,000|
19
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **8. Net movement in funds**
This is stated after charging:
|Depreciation
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examination fee (excluding VAT)|**2024**
**£**
**19,987**
**Nil**
**1,469**
**1,850**|2023
£
9,822
Nil
1,195
1,700|
|---|---|---|
During the year, five trustees were reimbursed for travel and accommodation relating to trustee meetings (2023: three).
## **9. Staff costs and numbers**
Staff costs were as follows:
|Wages and salaries
Social security costs
Pension costs
Redundancy costs|**2024**
**£**
**418,643**
**39,044**
**12,010**
**-**
**469,697**|2023
£
332,875
30,740
8,913
1,713|
|---|---|---|
|||374,241|
Included in salaries and wages are redundancy and termination costs totalling £nil (2023: £1,713), comprising entirely of statutory redundancy payments. Redundancy and termination costs have been funded from unrestricted general funds (note 15).
The number of employees whose annual emoluments were £60,000 or more were:
|||**2024**|2023|
|---|---|---|---|
|||**No.**|No.|
|£60,000|to £60,999|**1**|0|
|£70,000|to £79,999|**1**|1|
The key management personnel of the charity are considered to be the trustees and directors. The total employee benefits of the key management personnel are £183,949 (2023: £206,382).
The average head count for 2024 was 11 (2023: 9.5).
## **10. Taxation**
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
20
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **11. Tangible fixed assets**
|**Cost**
At 1 April 2023
Additions in year
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
**At 31 March 2024**
At 31 March 2023
**12. Debtors**
Trade debtors
Accrued income
Prepayments
**13. Creditors : amounts due within 1 year**
Trade creditors
Other taxation and social security
Accruals
Conduit funds
VAT|Motor
vehices
£
52,660
-
52,660
9,822
17,554
27,376
**25,284**
**42,838**|Equipment
£
7,506
10,027
17,533
-
2,433
2,433
**15,100**
**7,506**
**2024**
**£**
**54,950**
**26,698**
**10,523**
**92,171**
**2024**
**£**
**51,948**
**14,079**
**20,812**
**38,128**
**22,237**
**147,204**|**Total**
**£**
**60,166**
**10,027**|
|---|---|---|---|
||||**70,193**|
||||**9,822**
**19,987**|
||||**29,809**|
||||**40,384**|
||||**50,344**|
||||2023
£
67,545
15,213
4,511|
||||87,269|
||||2023
£
34,387
10,955
23,077
-
23,532|
||||91,951|
21
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **14. Analysis of net assets between funds**
|**Analysis of net assets between funds**|||||
|---|---|---|---|---|
|Fixed assets
Current assets
Current liabilities
**Net assets at 31 March 2024**
**Prior year comparative**
Fixed assets
Current assets
Current liabilities
**Net assets at 31 March 2023**|£
-
30,255
-
30,255
£
-
-
-
-
Restricted
funds
Restricted
funds|£
-
-
-
-
£
-
3,000
-
3,000
Designated
funds
Designated
funds|£
40,384
587,594
(147,204)
480,774
£
50,344
548,453
(91,951)
506,846
General
funds
General
funds|**Total**
**funds**
**£**
**40,384**
**617,849**
**147,204**|
|||||**511,029**|
|||||Total
funds
£
50,344
551,453
(91,951)|
|||||509,846|
22
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **15. Movements in funds**
|**Movements in funds**||||
|---|---|---|---|
|**Restricted funds**
International work
3yr grant - restoration costs
CCTV at FSZ
"Balancing the Scales"
"Noise for Nature"
HLF Education project
**Total restricted funds**
**Unrestricted funds**
_Designated funds:_
Greece Project
General funds
**Total unrestricted funds**
**Total funds**
"Reviving rivers: making
space for water" animation
Riverscapes River Buffer
communications campaign
Portacabin furnishing at FSZ|At 1 April
2023
£
-
-
-
-
-
-
-
-
-
-
3,000
506,846
509,846
509,846|Income
£
£
**£**
10,000
(3,817)
**6,183**
3,600
(2,800)
**800**
27,500
(27,500)
**-**
50,000
(50,000)
**-**
3,300
(3,300)
**-**
8,050
(840)
**7,210**
10,000
(10,000)
**-**
10,000
(10,000)
**-**
16,062
-
**16,062**
138,512
(108,257)
**30,255**
-
(3,000)
**-**
753,799
(779,871)
**480,774**
753,799
(782,871)
**480,774**
892,311
(891,128)
**511,029**
Expenditure
**At 31 March**
**2024**||
||||**30,255**|
||||**-**|
||||**480,774**|
||||**480,774**|
||||**511,029**|
23
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **15. Movements in funds (continued)**
International work
A project to assist with the reintroduction of beavers into other countries.
A communications project to produce a descriptive and sciencebased animation about the opportunity river buffers and making space for water offers for river and beaver restoration.
"Reviving rivers: making A communications project to produce a descriptive and sciencespace for water" animation based animation about the opportunity river buffers and making space for water offers for river and beaver restoration. Riverscapes River Buffer A communications campaign in partnership with Riverscapes communications campaign (National Trust, Woodland Trust, Rivers Trust, Beaver Trust), the first phase of which covered by expenditure so far involved campaign development, delivered by communications agency 'Enviral'. The campaign's overall goal is to build support among three specific audiences (land owners, general public and policy makers) for river buffers or making space for water alongside rivers and creating connected corridors with space for nature, including beavers.
3yr grant - restoration costs £50,000 per year to cover core costs of the Restoration Team. CCTV at FSZ Purchase and fitting of CCTV at Five Sisters Zoo.
Portacabin furnishing at A project to set up the portacabin (donated by Five Sisters Zoo) FSZ for BT to use as a dedicated space for beaver health screening as well as being a comfortable space for BT staff and volunteers.
"Balancing the Scales" A 20-30 minute documentary, produced and directed by Nina Constable Media, exploring the science, challenges, concerns and expert opinion on the interactions of beavers with migratory salmonids, which is one of the key concerns that arises when discussing beavers' return to Britain.
"Noise for Nature" A week long media trip to visit four beaver sites in Scotland, to give the attending journalists and influencers insight into beaver reintroduction and management, in order to produce relevant influential articles. HLF Education Project Employment of two Education officers to create resources and deliver programmes to enhance understanding of beaver conservation in schools across the UK.
## **Purposes of designated funds**
Funds ring-fenced for the Greece project spent down in 2023/24.
24
## **Beaver Trust**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **15. Movements in funds (continued) Prior year comparative**
|**Prior year comparative**||||||Transfers|Transfers|Transfers||
|---|---|---|---|---|---|---|---|---|---|
||At 1 April||||||between||At 31 March|
|||2022||Income|Expenditure||funds||2023|
|||£||£||£|£||£|
|**Restricted funds**||||||||||
|The Caen Catchment||||||||||
|Buffers & Beavers||5,000||-||(5,000)||-|-|
|Beaver Holding Facilities||||||||||
|Five Sisters Zoo||18,000||8,000||(26,000)||-|-|
|**Total restricted funds**||23,000||8,000||(31,000)||-|-|
|**Unrestricted funds**||||||||||
|_Designated funds:_||||||||||
|Greece Project||7,830||-||(4,830)||-|3,000|
|General funds||234,714|938,061|||(665,929)||-|506,846|
|**Total unrestricted funds**||242,544|938,061|||(670,759)||-|509,846|
|**Total funds**||265,544|946,061|||(701,759)||-|509,846|
|**Purposes of prior year restricted funds**||||||||||
|The Caen Catchment|A|project|with|£10,000||funding
from|Devon||Environment|
|Buffers & Beavers|Foundation. The 4-5 year|||||project is to|introduce||buffers and|
||beavers into the|||Caen Catchment.||||||
|Beaver Holding Facilities|A|project for the cost|||of|the construction of beaver holding||||
|Five Sisters Zoo|facilities at Five Sisters Zoo.|||||||||
## **16. Related party transactions**
In the year, a donation of £30,000 (2023: £40,000) was received from John Ellerman Foundation, which has a trustee in common with Beaver Trust.
25