Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **REGISTERED COMPANY NUMBER: CE029417 (England and Wales) REGISTERED CHARITY NUMBER: 1199300**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025**
**FOR**
**TIR NATUR**
LLŶR JAMES _Cyfrifwyr Ardystiedig Siartredig Chartered Certified Accountants Archwilwyr Cofrestredig Registered Auditors_
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3 to 4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6 to 7|
|**Notes to the Financial Statements**|8 to 12|
|**Detailed Statement of Financial Activities**|13 to 14|
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2025**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30th June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Purpose of the charity**
To advance for the benefit of the public, the improvement and conservation of the physical and natural environment in Wales by buying/leasing land and restoring the natural processes that create resilient ecosystems. In doing so we will reverse declines in biodiversity and bio abundance in Wales. To advance the education and the engagement of the public in the principles of ecosystem restoration, through the promotion of these principles, and the networking of projects in Wales that follow them. To enhance the well-being of communities, principally in Wales, through the engagement of people with natural landscapes, and improving access to these landscapes.
## **Summary of the main activities**
The main activities to the end of June 2025 have been to fundraiser to enable the charity to purchase over 1,000 acres of upland to create the largest rewilding site in Wales. Fundraising is continuing with completion anticipated in the 2025/26 financial year.
The land will become a living demonstration of nature-led ecological restoration, benefiting both wildlife and people and inspiring further rewilding action.
## **Policy on grant applications and social investment**
The Tir Natur Ethical Policy details the responsibilities for due diligence when making grant applications and accepting large donations. This policy protects the reputation of Tir Natur and the donors. Grants are a major part of the fund-raising process to secure the land.
Tir Natur is working to secure social investment to enable the charity to purchase over 1,000 acres of upland in Wales. The Tir Natur Ethical Policy applies to investment alongside donations.
Tir Natur has a broad base of volunteers. All Trustees are volunteers and help to run the charity including, but not limited to, decision making, policy making, financial control, recruitment. Other volunteers carry out tasks including, but not limited to, support to the CEO and Fundraising team, carrying out surveys across the land, advising on ecological aspects.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Achievement and performance**
Following strict criteria, Tir Natur has identified over 1,000 acres of upland that is ready for a wilder future. The fundraising and negotiating that has taken place has brought Tir Natur to the cusp of owning this land and bringing to fruition the benefits to wildlife and communities as nature is able to return.
Purchasing the land is the first step which is enabled through donations and social investment.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 1
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 30TH JUNE 2025**
**REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** CE029417 (England and Wales)
**Registered Charity number** 1199300
**Registered office** Moat Farm Trimsaran Kidwelly Dyfed SA17 4EL
**Trustees**
Tasha Reilly Tom Roberts Sian Williams (resigned 6.9.24) Richard Wheat James Hitchcock (appointed 26.9.24) Tim Birch (appointed 27.7.24) Sara Weale (resigned 13.11.24) Frances Walton (appointed 4.3.25) Pamela Louise Noakes (appointed 15.3.25)
Trustees have regard to the guidance issued by the Charity Commission on public benefit.
## **Independent Examiner**
Bethan Vaughan Llyr James Chartered Certified Accountants and Registered Auditors 25 Bridge Street Carmarthen SA31 3JS
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
22-09-2025
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................... Tasha Reilly Trustee
Page 2
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
LLŶR JAMES _Cyfrifwyr Ardystiedig Siartredig Chartered Certified Accountants Archwilwyr Cofrestredig Registered Auditors_
25 Stryd Y Bont 25 Bridge Street Caerfyrddin Carmarthen Sir Gaerfyrddin Carmarthenshire SA31 3JS SA31 3JS
ffôn/tel 01267 237754 ffacs/fax 01267 238418 ebost/email post@llyrjames.co.uk gwefan/website www.llyrjames.co.uk trydar/twitter @LlyrJamesCyf
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TIR NATUR**
## **Independent examiner's report to the trustees of Tir Natur ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30th June 2025.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Cyfarwyddwyr: Bethan Vaughan FCCA, Ryan Bevan FCCA Cofrestrwyd i wneud gwaith archwilio yn y Deyrnas Unedig gan Gymdeithas Cyfrifwyr Ardystiedig Siartredig Llŷr James yw enw masnachu Llŷr James Cyf. Rhif Cofrestredig 08272778 Cymru
Directors: Bethan Vaughan FCCA, Ryan Bevan FCCA Registered to carry on audit work in the UK by the Association of Chartered Certified Accountants Llŷr James is the trading name of Llyr James Cyf. Registered Number 08272778 Wales
Page 3
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TIR NATUR**
## **Bethan Vaughan**
The Association of Chartered Certified Accountants
Llyr James Chartered Certified Accountants and Registered Auditors 25 Bridge Street Carmarthen SA31 3JS
Date: .............................................
Page 4
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025**
|**Unrestricted**
**Restricted**
**fund**
**fund**
**Notes**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
83,447
833,861
Other trading activities
2
-
-
Investment income
3
4,055
-
**Total**
87,502
833,861
**EXPENDITURE ON**
Raising funds
-
-
Other
38,770
20,871
**Total**
38,770
20,871
**NET INCOME**
48,732
812,990
**RECONCILIATION OF FUNDS**
Total funds brought forward
9,651
-
**TOTAL FUNDS CARRIED FORWARD**
58,383
812,990|**2025**
**Total**
**funds**
**£**
917,308
-
4,055
921,363
-
59,641
59,641
861,722
9,651
871,373|**2024**
**Total**
**funds**
**£**
11,694
1,050
11
12,755
121
5,981
6,102
6,653
2,998
9,651|
|---|---|---|
Page 5
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **BALANCE SHEET 30TH JUNE 2025**
|**Unrestricted**
**Restricted**
**fund**
**fund**
**Notes**
**£**
**£**
**CURRENT ASSETS**
Cash at bank
60,717
812,990
**CREDITORS**
Amounts falling due within one year
6
(2,334)
-
**NET CURRENT ASSETS**
58,383
812,990
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
58,383
812,990
**NET ASSETS**
58,383
812,990
**FUNDS**
7
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2025**
**Total**
**funds**
**£**
873,707
(2,334)
871,373
871,373
871,373
58,383
812,990
871,373|**2024**
**Total**
**funds**
**£**
10,371
(720)
9,651
9,651
9,651
9,651
-
9,651|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair 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 requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Page 6
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **BALANCE SHEET - continued 30TH JUNE 2025**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 22-09-2025
............................................. Tasha Reilly Trustee
............................................. Frances Walton Trustee
The notes form part of these financial statements
Page 7
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Going concern**
The accounts have been prepared on the assumption that the charity is able to carry on operating as a going concern, which the trustees consider appropriate.
Page 8
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025**
## **2. OTHER TRADING ACTIVITIES**
|Fundraising events
**3.**
**INVESTMENT INCOME**
Deposit account interest|**2025**
**£**
-
**2025**
**£**
4,055|**2024**
**£**
1,050
**2024**
**£**
11|
|---|---|---|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30th June 2025 nor for the year ended 30th June 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30th June 2025 nor for the year ended 30th June 2024.
## **5.**
|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**Unrestricted**
**Restricted**
**fund**
**fund**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
11,694
-
Other trading activities
1,050
-
Investment income
11
-
**Total**
12,755
-
**EXPENDITURE ON**
Raising funds
121
-
Other
5,981
-
**Total**
6,102
-
**NET INCOME**
6,653
-|**Total**
**funds**
**£**
11,694
1,050
11
12,755
121
5,981
6,102
6,653|
|---|---|
Page 9
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025**
|**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**||
|---|---|---|---|---|---|---|---|
|||**Unrestricted**|||**Restricted**||**Total**|
||||**fund**||**fund**||**funds**|
|||||**£**|**£**||**£**|
||**RECONCILIATION OF FUNDS**|||||||
||Total funds brought forward||2,998|||-|2,998|
||**TOTAL FUNDS CARRIED FORWARD**||9,651|||-|9,651|
|**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||||
||||||**2025**||**2024**|
||||||**£**||**£**|
||Trade creditors||||894||-|
||Other creditors||||1,440||720|
||||||2,334||720|
|**7.**|**MOVEMENT IN FUNDS**|||||||
||||||**Net**|||
||||||**movement**|||
|||**At 1.7.24**|||**in funds**|
**At**|**30.6.25**|
||||**£**||**£**||**£**|
||**Unrestricted funds**|||||||
||General fund|9,651|||48,732||58,383|
||**Restricted funds**|||||||
||Tir Natur Land Purchase||-||812,990||812,990|
||**TOTAL FUNDS**|9,651|||861,722||871,373|
Page 10
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025**
## **7. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|87,502|(38,770)|48,732|
|**Restricted funds**||||
|Tir Natur Land Purchase|833,861|(20,871)|812,990|
|**TOTAL FUNDS**|921,363|(59,641)|861,722|
## **Comparatives for movement in funds**
|||**Net**||
|---|---|---|---|
|||**movement**||
|**At 1.7.23**||**in funds**|**At 30.6.24**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|2,998|6,653|9,651|
|**TOTAL FUNDS**|2,998|6,653|9,651|
|Comparative net movement in funds, included in the above are as follows:||||
|**Incoming**||**Resources**|**Movement**|
|**resources**||**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|12,755|(6,102)|6,653|
|**TOTAL FUNDS**|12,755|(6,102)|6,653|
Page 11
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2025**
## **7. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|||**Net**||
|---|---|---|---|
|||**movement**||
||**At 1.7.23**|**in funds**|**At 30.6.25**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|2,998|55,385|58,383|
|**Restricted funds**||||
|Tir Natur Land Purchase|-|812,990|812,990|
|**TOTAL FUNDS**|2,998|868,375|871,373|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement**|
|---|---|---|---|
||**resources**|**expended**|**in funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|100,257|(44,872)|55,385|
|**Restricted funds**||||
|Tir Natur Land Purchase|833,861|(20,871)|812,990|
|**TOTAL FUNDS**|934,118|(65,743)|868,375|
The Restricted Fund includes income that was received for the purpose of purchasing land for the charity.
## **8RELATED PARTY DISCLOSURES .**
There were no related party transactions for the year ended 30th June 2025.
Page 12
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Grants
**Other trading activities**
Fundraising events
**Investment income**
Deposit account interest
**Total incoming resources**
**EXPENDITURE**
**Support costs**
**Management**
Wages
Insurance
Advertising
Computer costs
**Finance**
Bank charges
Accountancy
**Information technology**
Sundries
Carried forward|**2025**
**£**
625,084
47,724
244,500
917,308
-
4,055
921,363
23,814
302
4,940
1,379
30,435
72
1,500
1,572
2,088
2,088|**2024**
**£**
11,694
-
-
11,694
1,050
11
12,755
-
-
3,681
392
4,073
60
720
780
131
131|
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
Docusign Envelope ID: 515E60A5-362D-4B26-BD1E-6FDC6D998E3B
## **TIR NATUR**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025**
|**Information technology**
Brought forward
Website Costs
**Other**
Subscriptions
**Governance costs**
Legal & professional fees
Total resources expended
**Net income**|**2025**
**£**
2,088
-
2,088
575
24,971
59,641
861,722|**2024**
**£**
131
216
347
902
-
6,102
6,653|
|---|---|---|
This page does not form part of the statutory financial statements
Page 14