## **DR M E BRADSHAW’S TEESDALE SPECIAL FLORA** ## **RESEARCH & CONSERVATION TRUST** ## **Charity no. 1188288** ## FINANCIAL REPORT 2022-23 These accounts have been prepared in compliance with FRS102 and have followed the guidance in SORP. The accounts were prepared in accordance with applicable charity and company law in England & Wales. The financial dealings of the Trust are very limited in scope and involve only unrestricted income from donations and fund raising and restricted income from grants. Expenditure is solely related to charitable activities and fund raising. Income is credited to the account at the time of receipt; expenditure is debited at the time of payment. In September 2021, the Trust was fortunate to receive a grant of £222,400 from the Government’s Green Recovery Challenge Fund, which is payable in three instalments over twenty one months. The grant of £222,400 is restricted and has to abide by clearly defined spending limits and budgetary constraints. The first instalment of £111,200 (50%) was paid during the last financial year. In addition, £5,500 in match funding was secured from the Raby Estate (£3,000) and the Strathmore Estate (£2,500). The second instalment of £88,960 (40%) was paid in February 2023. The funding is for a project called Plants on the Edge. The project has three strands: continuing the baseline survey of the status of the endangered special flora of Upper Teesdale; developing monitoring and species recovery programmes; public engagement and education. The baseline survey has continued throughout the current reporting period. The monitoring and species recovery programmes are complete and have been accompanied by detailed reports and recommendations, some of which have already been put into practice. The public engagement activities have been very successful and have been well received. There were guided activities for groups of all ages and ethnic backgrounds: art related projects were organised for local schools and youth groups; guided walks covering archaeology, photography and plant identification were arranged for adults. A series of public lectures on topics linked to the Trust’s objectives were well attended. There was a large input from volunteers. The Trust received a total of £2,132.75 in unrestricted funds via its Just Giving page, along with unrestricted donations of £12,950.82 .This included the third £1,000 instalment of an unconditional grant of £5,000, payable in five annual instalments, from the Wild Flower Society. The major expenditures of the year were the funding of the baseline survey of the endangered special flora of Upper Teesdale, the funding of the monitoring and species recovery programmes and our liaison with a local charity, Northern Heartlands, which enabled the employment of a Volunteer and Public Engagement Officer. J. O’Reilly, the freelance professional botanist who carried out the survey work, was paid a total of £24,019.00. The baseline survey is divided into 10m x 10m plots, each of which costs about £10 to survey. A contribution to the survey work of £4,995 was received from Durham County Council. D. Oatway, the freelance ecologist who was responsible for the monitoring and species recovery programmes, was paid a total of £29,845.00 Northern Heartlands was paid a total of £33,922.70 of which £22,200 was salary. The total expenditure on charitable purposes for the year was £119,788.67 The Trust does not have any investments or endowments. In 2021, the Upper Teesdale Botany Group, an independent body with already close links to the Trust, decided to accept the Trust’s offer of amalgamation and operating under its auspices. Accordingly, the Botany Group’s assets were transferred to the Trust. The money continues to be ring-fenced but is administered by the Trust. ## Factors that are likely to affect the financial position going forward. It is the policy of the Charity to maintain a readily accessible reserve fund of £9,000. The total available funds at the end of the current reporting period were £36,446.94, but this has since been supplemented by a second instalment of £88,960 from the Green Recovery Challenge Fund. The final instalment of the grant of £22,240 (10%) is payable retrospectively when the Plants on the Edge project is completed in June 2023. This creates a potential cash flow problem. To address this problem, the Trust has secured a loan of £20,000 from the William Leech Foundation. The Trustees have no concerns about the Trust’s remaining a going concern during 2023-24, although the current contraction in public funding coupled with runaway inflation could clearly work to the Trust’s disadvantage. We intend to discuss at length the best uses of the available funds for 2023-24. Using our resources for match funding will clearly make them go further. The Trust already has an association with the Tees-Swale Partnership and has received funding from them. We hope to put our relationship on a more formal basis by forming a partnership. The Tees-Swale Partnership is adopting a more holistic approach to land management, which will enable them to fund more aspects of the Trust’s work. The following financial data were approved and accepted by the meeting of the Trustees on 13/08/23 ## **STATEMENT OF FINANCIAL ACTIVITIES** |||Unrestricted funds|(£)||Restricted funds (£)||Endowment funds
(£)||Total funds (£)|| |---|---|---|---|---|---|---|---|---|---|---| |Income and endowments from:||||||||||| |Donations and legacies
|22,585.40|||98,066.06|||0.00
|120,651.46||| |Charitable activities|||0.00||0.00||0.00||0.00|| |Other trading activities|||0.00||0.00||0.00||0.00|| |Investments|||0.00||0.00||0.00||0.00|| |Other (bank interest)|||47.40||0.00||0.00||47.40|| |Total Expenditure on:||||||||||| |Raising funds||216.00|||0.00||0.00||216.00|| |Charitable activities
||484.00||119,088.67|||0.00
|119,572.67||| |Other|||0.00||0.00||0.00||0.00|| |Total Net gains/(losses) on investments|||0.00||0.00||0.00||0.00|| |Net income
|10,541.75|||24,995.00|||0.00
|35,536.75||| |Transfers between funds|||0.00||0.00||0.00||0.00|| |Other recognised gains/(losses):||||||||||| |Gains/(losses) on revaluation of fixed assets|||0.00||0.00||0.00||0.00|| |Actuarial gains/(losses) on defined benefit pension||||||||||| |schemes|||0.00||0.00||0.00||0.00|| |Other gains/(losses)|||0.00||0.00||0.00||0.00|| |Net movement in funds|||0.00||0.00||0.00||0.00|| |Reconciliation of funds:||||||||||| |Total funds brought forward
|22,632.80|||98,066.06|||0.00
|120,698.86||| |Total funds carried forward
|32,474.55|||3,972.39|||0.00
|36,446.94||| ## **STATEMENT OF FINANCIAL ACTIVITIES** ||||||||| |---|---|---|---|---|---|---|---| ||Unrestricted funds £||Restricted funds (£)||Total £||Total previous year £| |Income and endowments from:|||||||| |Donations and legacies
|22,585.40|98,066.06|||120,651.46||137,375.36| |Charitable activities|0.00||0.00||0.00||0.00| |Other trading activities|0.00||0.00||0.00||0.00| |Investments|0.00||0.00||0.00||0.00| |Other (bank interest)|47.40||0.00||47|.40|6.42| |Total Expenditure on:|||||||| |Raising funds
|216.00||0.00||216.00||216.00| |Charitable activities
|484.00|119,088.67|||119,572.67||30,461.62| |Other|0.00||0.00||0.00||0.00| |Total Net gains/(losses) on investments|0.00||0.00||0.00||0.00| |Net income
|10,541.75 24,995.00||||35,536.75||106,704.16| |Transfers between funds|0.00||0.00||0.00||0.00| |Other recognised gains/(losses):|||||||| |Gains/(losses) on revaluation of fixed assets|
0.00||0.00||0.00||0.00| |Actuarial gains/(losses) on defined benefit pension|||||||| |schemes|0.00||0.00||0.00||0.00| |Other gains/(losses)|0.00||0.00||0.00||0.00| |Net movement in funds|0.00||0.00||0.00||0.00| |Reconciliation of funds:|||||||| |Total funds brought forward
|22,632.80 98,066.06||||120,698.86||13,994.70| |Total funds carried forward
|32,474.55||3,972.39||36,446.94||120,698.86| ## **BALANCE SHEET** Total funds (£) Prior year funds (£) |Fixed assets:
Intangible assets
Tangible assets
Heritage assets
Investments
Total fixed assets
Current assets:
Stocks
Debtors
Investments
Cash at bank and in hand

Total current assets

Liabilities:
Creditors: Amounts falling due within one year
Creditors: Amounts falling due after more than one year
Provisions for liabilities
Net asset or liabilities excluding pension asset or liability
Defined benefit pension scheme asset or liability
Total net liabilities:
The funds of the charity:
Endowment funds
Restricted income funds
Unrestricted funds

Revaluation reserve
Pension reserve
Total unrestricted funds

Total charity funds
|0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
36,446.94

36,446.94

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
36,446.94
0.00
0.00
36,446.94
36,446.94
|0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
120,698.86
120,698.86
0.00
0.00
0.00
0.00
0.00
0.00
0.00
98,066.06
22,632.80
0.00
0.00
22,632.80
120,698.86| |---|---|---| ## **STATEMENT OF CASH FLOWS** ||Total funds (£)|Prior year funds (£)| |---|---|---| |**Cash flows from operating activities**:||| |Net cash provided by (used in) operating activities|119,788.67|30,677.62| |**Cash flows from investing activities**:||| |Dividends, interest and rents from investments|0.00|0.00| |Proceeds from the sale of property, plant and equipment|0.00|0.00| |Purchase of property, plant and equipment|0.00|0.00| |Proceeds from sale of investments|0.00|0.00| |Purchase of investments|0.00|0.00| |Net cash provided by (used in) investing activities|0.00|0.00| |**Cash flows from financing activities**:||| |Repayments of borrowing|0.00|0.00| |Cash inflows from new borrowing|0.00|0.00| |Receipt of endowment|0.00|0.00| |Net cash provided by (used in) financing activities|156,235.61
|151,376.48| |Change in cash and cash equivalents in the reporting period|- 84,251.92
|106,704.16| |Cash & cash equivalents at the beginning of the reporting period|120,698.86|13,994.70| |Change in cash and cash equivalents due to exchange rate movements|0.00|0.00| |Cash & cash equivalents at the end of the reporting|36,446.94
|120,698.86| ## **RECONCILIATION OF NET INCOME/ EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**ACTIVITIES**||| |---|---|---| ||Current Year (£)|Prior Year (£)| |Net income/(expenditure) for the reporting period|36,446.94|120,698.86| |(as per the statement of financial activities)||| |Adjustments for:||| |Depreciation charges|0.00|0.00| |(Gains)/losses on investments|0.00|0.00| |Dividends, interest and rents from investments|0.00|0.00| |Loss/(profit) on the sale of fixed assets|0.00|0.00| |(Increase)/decrease in stocks|0.00|0.00| |(Increase)/decrease in debtors|0.00|0.00| |Increase/(decrease) in creditors|0.00|0.00| |Net cash provided by (used in) operating activities|119,788.67|30,677.62| ## **ANALYSIS OF CASH & CASH EQUIVALENTS** ||Current Year (£)|Prior Year (£)| |---|---|---| |Cash in hand|27,302.61|9,947.76| |Notice deposits (less than 3 months)|9,144.34|4,046.94| |Overdraft facility repayable on demand|0.00|0.00| |Total cash and cash equivalents|36,446.94
|13,994.70| **DR M E BRADSHAW’S TEESDALE SPECIAL FLORA &** ## **CONSERVATION TRUST** ## **Income & Expenditure 31 Jan 2022 to 30 Jan 2023** Balances brought forward |Reserve account for trusts|£|111,651.92| |---|---|---| |30 day notice deposit a/c|£|9,046.94| ||£|120,698.86| ||£|47.40| ||£|120,746.26| ||Reserve account for trusts
30 day notice deposit a/c|£ 111,651.92
£
9,046.94
£ 120,698.86| |---|---|---| |Nett interest
Income**:**
Durham C.C. (FiPL)
£
4,995.00
William Leech Foundation
£
20,000.00
Just Giving
£ 2,939.96
Wild Flower Society
£ 1,000.00
Miscellaneous donations
£
289.00
Credit to UTBG
£
86.50
Estate of E A Scott
£ 5,000.00
Eventbrite
£ 182.78
Teesdale Mercury
£ 86.50
Donation chqs deposited
£
909.61
Expenditure:
John O’Reilly
£ 24,019.00
Ketmar
£ 29,845.00
Northern Heartlands
£ 33,922.69
We Are Brandd Ltd
£ 6,646.80
S C Cox
£ 5,850.16
AT Creative Ltd
£ 4,500.00
A Jakob-Whitworth
£ 3,050.00
Miscellaneous equipment
£ 2,430.75||£
47.40
£ 120,746.26| |||£ 35,489.35
£ 156,235.61| |Dell Corporation
£ 2,429.88
Findel Education
£ 2,099.40
School Display
£ 1,732.00
H V Petts
£ 1,138.00
Insurance
£ 157.00
Just Giving fees
£ 216.00
Lecturers fees & expenses
£ 489.75
Miscellaneous expenses
£ 485.60
Risbeys
£ 374.39
Ambitious Motion Pictures
£ 200.00
Volunteers’ expenses
£ 202.25
Represented by closing balances
Bank accounts
Reserve account for Trusts
30 day notice deposit a/c|£-119,788.67
£ 36,446.94
£ 27,302.60
£
9,144.34
£ 36,446.94| |---|---| AUDITOR'S REPORT DR M E BRADSHAWS TEESDALE SPECIAL FLORA RESEARCH & CONSERVATION TRusr CHARITY NO. 1188288 INDEPENDENT EXAMINATI l. Th¢o￿lity ￿tl￿ble to Iw an I￿￿￿￿￿￿te￿4￿mn￿tK￿. 2. There i% rK)conftlEt of interest l>etween thÈCharityaThl mysew. 3. ThE lThlepEthkrtexamlNtk)Trwa5 uThJenakeTr on 28n7.2023. 4. AJI accoUthts￿d*Iyknn8 pp2r54re kept ￿thE r24ufftyJ sia>Jard 6. The T￿￿etShIVe corbswjeyed all finanElal cktsmsiarKes. 7. 1 Iw¥e¢heckedthe cortentsofthe acc04thtsathJ am reknnt Pa1￿1￿￿*. C(ffip*ted MrsJaw* ￿h￿s18￿.2023