## **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|
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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
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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:
1. accounting records were not kept in respect of the charity 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 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
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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
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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**|
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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.
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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**|
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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.
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