Heal Rewilding CIO
Registered charity number: 1187992
Unaudited trustees’ report and financial statements for the year ended 31 March 2022
Heal Rewilding CIO
Contents
| Contents | |
|---|---|
| Charity information | 3 |
| Trustees’ report | 4‐5 |
| Independent examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Statement of cash flows | 9 |
| Notes to the financial statements | 10‐12 |
2
Heal Rewilding CIO
Charity information
Registered address Trustees
c/o Freeths LLP 80 Mount Street Nottingham NG1 6HH Jan Stannard (Chair) Cindy Barnes Jeremy Coulter Jonathan Simnett Donna Stimson Piers Watson
3
Heal Rewilding CIO
Trustees’ report
The trustees’ present the annual report and financial statements for the year ended 31 March 2022.
The financial statements have been prepared on an accruals basis. The prior year comparatives were previously reported on a receipts and payments basis and have been restated on an accruals basis accordingly.
The trustees have had regard to the guidance issued by the Charity Commission on public benefit.
The trustees have considered risks with regard to financial matters and are satisfied that they are being managed to an acceptable level.
Structure, governance and management
Heal Rewilding is a charitable incorporated organisation. It was incorporated on the 17 February 2020 in accordance with the articles of association and is registered with the charity commission, number 1187992.
The trustees who served during the year were:
Cindy Barnes Jeremy Coulter Jonathan Simnett Jan Stannard Donna Stimson Piers Watson
The powers of appointing new and additional trustees is vested in the trustees. The joint trustees are responsible for the day to day administration of the charity.
Charitable objectives
The objectives of the charity, as set out in its constitution, are:
-
to promote for the benefit of the public the conservation and improvement of the natural and physical environment in England and Wales, using the process of rewilding to restore biological diversity and ecosystems;
-
to advance environmental improvement and protection for the benefit of the public through the conservation and protection of the environment and the provision of ecosystems services; and
-
to advance the education and the engagement of the public in the restoration, rehabilitation, conservation and enhancement of the natural environment and to promote study and research in such subjects and disseminate findings to the public at large.
4
Heal Rewilding CIO
Trustees’ report (continued)
Financial review
The charity’s primary source of funding is contributions from its supporters and during the period the charity received donations of £114,277 (2021: £101,487), sponsorships of £50,000 (2021: £50,000), grants of £30,000 (2021: £7,443) and income from fundraising events of £25,515 (2021: £8,941). Operating costs during the period were £99,119 (2021: £103,096). This resulted in net movement in funds of £120,673 of which £55,916 are restricted to the purchase of land for rewilding (‘the land fund’).
The trustees have considered the issue of reserves. These fall into two categories – restricted reserves for the Heal land fund, and operational reserves including a contingency. All amounts in the former category will be held in reserve until they are used for land purchase. There are currently no other categories of restricted funds. Regarding operational reserves and contingency, the trustees agreed that operational reserves are needed and have established a reserves policy, requiring three months of operating reserves to be held with a 4% contingency. The justification for this level of operational reserves is that unrestricted donations have been steadily rising. The current level of reserves exceeds this target.
Statement of target reserves:
| Item Land fund Operational expenses (3 months) 4% contingency on operational expenses Reserves total held: |
Amount £ 92,943 24,742 990 |
|---|---|
| 118,675 |
Signed on behalf of the trustees
Jan Stannard
Jan Stannard Chair
Date: 3 August 2022
5
Heal Rewilding CIO
Independent examiner's report to the trustees of Heal Rewilding
I report to the trustees on my examination of the accounts of Heal Rewilding for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the accounts, including a summary of significant accounts policies.
Respective responsibilities of trustees and examiner and basis of report
As the charity's trustees, 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 charity's accounts carried out under section 145 of the 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
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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of the 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.
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.
Julie Mutton
Julie Mutton
Fellow of The Institute of Chartered Accountants in England and Wales Evelyn Partners LLP Accountants Old Library Chambers 21 Chipper Lane Salisbury Wiltshire SP1 1BG
Dated: 24 August 2022
6
Heal Rewilding CIO
Statement of financial activities for the year ended 31 March 2022
| Note Note Income from Donations Sponsorships Grants Fundraising events Expenditure on Employee costs 4 Consultant fees Marketing Fundraising Professional fees IT, phones and software Rent Insurance Travel Other expenses Net movement in funds Funds brought forward Funds carried forward |
2022 Unrestricted Restricted Total £ £ £ 58,361 55,916 114,277 50,000 ‐ 50,000 30,000 ‐ 30,000 25,515 ‐ 25,515 163,876 55,916 219,792 (51,554) ‐ (51,554) ‐ ‐ ‐ (13,198) ‐ (13,198) (12,115) ‐ (12,115) (9,955) ‐ (9,955) (7,427) ‐ (7,427) (720) ‐ (720) (880) ‐ (880) (1,958) ‐ (1,958) (1,312) ‐ (1,312) (99,119) ‐ (99,119) 64,757 55,916 120,673 27,748 37,027 64,775 92,505 92,943 185,448 |
2021 restated Unrestricted Restricted Total £ £ £ 64,460 37,027 101,487 ‐ 50,000 50,000 7,443 ‐ 7,443 8,941 ‐ 8,941 |
|---|---|---|
| 80,844 87,027 167,871 (16,525) ‐ (16,525) (8,135) ‐ (8,135) (6,592) ‐ (6,592) (1,498) (50,000) (51,498) (16,266) ‐ (16,266) (3,033) ‐ (3,033) ‐ ‐ ‐ (457) ‐ (457) ‐ ‐ ‐ (590) ‐ (590) |
||
| (53,096) (50,000) (103,096) |
||
| 27,748 37,027 64,775 |
||
| ‐ ‐ ‐ 27,748 37,027 64,775 |
7
Heal Rewilding CIO Balance sheet as at 31 March 2022
| Note Investments in subsidiaries 5 Fixed assets Debtors 6 Cash at bank and in hand Current assets Creditors: amounts due within one year 7 Net assets Unrestricted funds Restricted funds 8 Total charity funds |
2022 Unrestricted funds Restricted funds Total funds £ £ £ 1 ‐ 1 1 ‐ 1 41,438 294 41,732 62,761 92,649 155,410 104,199 92,943 197,142 (11,695) ‐ (11,695) 92,505 92,943 185,448 92,505 ‐ 92,505 ‐ 92,943 92,943 92,505 92,943 185,448 |
2021 restated Unrestricted funds Restricted funds Total funds £ £ £ 1 ‐ 1 |
|---|---|---|
| 1 ‐ 1 11,996 4,537 16,533 22,413 32,490 54,903 |
||
| 34,409 37,027 71,436 (6,662) ‐ (6,662) |
||
| 27,748 37,027 64,775 |
||
| 27,748 ‐ 27,748 ‐ 37,027 37,027 |
||
| 27,748 37,027 64,775 |
Signed on behalf of the trustees
Jan Stannard
Jan Stannard Chair
Date: 3 August 2022
8
Heal Rewilding CIO
Statement of cash flows
for the year ended 31 March 2022
| Cash flows from operating activities Net income for the year Increase in debtors Increase in creditors Net cash flows from operating activities Cash flows from investing activities Investment in Heal Rewilding (Enterprises) Ltd Net cash flows from investing activities Net movement in cash and cash equivalents Cash and cash equivalents at 1 April 2021 Cash and cash equivalents at 31 March 2022 Analysis of net funds Cash at bank and in hand |
2022 2021 £ £ 120,673 64,775 (25,199) (16,533) 5,033 6,662 100,507 54,904 ‐ (1) ‐ (1) 100,507 54,903 54,903 ‐ 155,410 54,903 At 6 April 2021 Cash flows At 5 April 2022 54,903 100,507 155,410 |
2021 £ 64,775 (16,533) 6,662 |
|---|---|---|
| 54,904 (1) |
||
| (1) | ||
| 54,903 | ||
| ‐ 54,903 |
9
Heal Rewilding CIO
Notes to the financial statements
1. Principal accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice for Charities (SORP 2019) and applicable accounting standards (FRS102). The prior year comparatives were previously reported on a receipts and payments basis and have been restated on an accruals basis accordingly.
The charity is a public benefit entity as defined by FRS 102.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. There are no material uncertainties about the charity’s ability to continue as a going concern and as such, the going concern basis has been adopted for the preparation of these financial statements.
Income and expenditure from charitable activities
Income from charitable activities comprises grants, sponsorship and other fundraising income. Income is recognised when the charity becomes entitled to the income, receipt is probable and can be measured. Expenditure on charitable activities comprises fundraising costs and administrative support costs incurred in furthering the charitable objectives.
Fund accounting
Restricted funds are those the use of which is restricted by the conditions imposed by the donors. Unrestricted funds are those which are available for the general advancement of the charity’s objectives.
Taxation
Heal Rewilding is a registered charity and therefore exempt from income tax to the extent that income generated is applied to its charitable purpose. Heal Rewilding is not currently VAT registered. Costs include irrecoverable VAT where applicable.
Investments
Investment in subsidiaries are recognised at cost.
Pension schemes
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the schemes are held in separate funds administered by independent providers.
Financial instruments
The charity has short term basic financial instruments only which are measured at transaction price. Amounts owing to the charity at the balance sheet date are shown as debtors less any provisions for amounts that may prove uncollectable. Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party.
10
Heal Rewilding CIO
Notes to the financial statements continued
1. Principal accounting policies continued
Key estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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. The trustees do not consider that there are any critical estimates or areas of judgement that need to be brought to the attention of the readers of the financial statements.
2. Trustees’ remuneration and expenses
The trustees did not receive any remuneration in the year or prior year. Creditors includes £4,519 (2021: £4,839) of trustee expenses that were reimbursed in the 2022‐23 financial year.
3. Independent examiner remuneration
The independent examiner’s remuneration was £1,440 net of VAT (2021: £1,370).
4. Employee costs
Salaries Social security Pension costs |
2022 £ 49,904 523 1,127 51,554 |
2021 £ 15,000 1,362 163 |
|---|---|---|
| 16,525 |
The average headcount during the year was 3 (2021: 1).
5. Investment in subsidiaries
At the balance sheet date, the charity had one subsidiary company, Heal Rewilding (Enterprises) Limited, which is 100% owned and was incorporated on 3 January 2020.
6. Debtors
Prepayments and accrued income Other debtors |
2022 £ 40,850 882 41,732 |
2021 £ 15,915 618 |
|---|---|---|
| 16,533 |
11
Heal Rewilding CIO
Notes to the financial statements continued
7. Creditors: amounts falling due within one year
| Trade payables Accruals and deferred income Other creditors 8. Restricted funds Land fund |
2022 £ 84 11,396 215 11,695 2022 £ 92,943 |
2021 £ 84 6,483 95 6,662 2021 £ 37,027 |
|---|---|---|
Use of the land fund is restricted to the purchase of land for rewilding purposes.
9. Related party transactions
There were no related party transactions in the year or prior year.
10. Legal information
Heal Rewilding CIO is registered with the Charities Commission in England. The registered charity number is 1187992. The registered office is c/o Freeths LLP, 80 Mount Street, Nottingham, NG1 6HH.
12