Charty Registrdtlon No. 1203720 NATURAL HABrrAT ANNUAL REPORT AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 LEGAL AND ADMINISTrATIVE INFORMATION Trustees Jonathan Vaughan MBE (Chair) Susan Innes Caroline Shepherdson Vivien Burton Genevieve Rudd 1203720 Charlty number Address 3 Chery Tree Cottage S)uthwold Road Hollon Halesw)rth IP19 8PW Indep•ndont examlner Jasmin Aktar Small WoTk5 Vauxhall Bridge Road Victoria London SW1V 1TA TRUSTEES. REPORT IINCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The tTUStees presenl their annual rewJrt and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accx)rdance ￿th the accounting policies set out in note 1 tr) the financial statements and comply with the charitys Articles. the Companies Act 2006 and 'Ac(x)unting and Reporting by Charities: Statement of Recommended Praclice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th8 UK and Republic of Ireland {FRS 102). {effective l January 2019). Objectlves and activitses The charity's objects are-. 1. To promote for the benefit of the public the conservation, protection and improvement of the physica an(J natural environment by promoting Sustainable land use and biodiversity 2. To advance education of the public in the conservation, proteclion and improvement of the physical and natural environment and sustainable land use. The trustees have paid due regard to guidan￿ issued by the Charity Commission in deciding what activities the charity should undertake. The main focus in this first year of aGttvity has been the delivery of the first part of a project funded by Suffolk & Essex Coast & Heaths branch of Farming in Prote￿ Landscapes: Weaving Fanns, Land. People & Planet. This projecl connects farms. schwls, and refugee ￿ganiSatIOnS lo foster environmentsl leaming, and celebrate environmentsl resilience through diversity in nature. focxl and communities. Project outcomes Indude enabling: Schools, refugees and the general public to increase engagement with the local landscape, diverse experts, farmers and farming industry. increased skills; and improve awareness of environmental issues including carbon storage Significant effort has also gone into establishing connections wilh key local stakeholders and networks, such as the Blyth Community Conswation Network. Haleswcwth Area Sustainability Hub and Blyth Valley Cluster Famis. Financlal review The chaTyty has been in existen￿ for a short period of time and does not as yet have a policy regarding financÈal reserves. It is intended that this will be added to the charity's Financial Manual before the end of the financial year 2024r25. The charity does have a pcrficy regarding budget variance. which states that the budget for the financial year must be presented by senior management to the Board of Trustees at the Annual General Meeting, and that On￿ approved ary variance greater than 10 % must be reported. explained 2nd formally approved. Thetrustees have assessed the major rssks to which the charity is exposed. and are satisfied that systems are in place to mitigate exposure to Ihem. Structura. governance and management Natural Habitat is a charitable incorporated organisab'on registered with The Charity Commission on 23 June 2023. The trustees who served during the year and up to the dale of signature of the financial statements were: Jonathan Vaughan MBE Susan Innes Caroline Shepherdson Vivi8n Burton Genevieve Rudd The recruiltnent and appointment of new trustees is agreed by existing trustees at a trustee meeting. Trustees may serve ts a maximum of three consecutive terms. and may not be r￿appoInted for a fijrther tweive monlhs after this. The Trustees, report was approved by the Board of TrUSt￿s. aughan ChairofTrustees Date: L?I,,ILoLf STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accy)unting Standards (United Kingdom Generally Accepted Accounting practi￿). In preparing these financial ststements. the trustees are required to: - select suitable accounting policies and then apF4y them consistenuy.. - observe the methods and principles in the Charities SORP: - make judgerrtents and estimates thal are reasonable and pruderrt. and - prepare the finanual slatements on the going ￿n￿M basis unless it is inappropriate to prestjme that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose wilh reasonable .accLAra¢y at any time the financial position of the charity and enable them to ensure that the financial stalements comply with the Companies Act 2006. They 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. Inde dent ExamIne￿S re rt to the Trustees of Natural Hab1￿￿ for the Year endin 31 I report on the accounls of the charity for the peticMJ ending 31 March 2024. Respective Responsibilities of Trustees and Examiner The charitys Trustees are responsible for the preparation of the accxjunts. The charityg Trustees consider that an audit is not r4uired for this Perio(l under section 144(2) ot the Chaflties Act 2011 (the 2011 Act) and that an independent examination needed. The charity's gross income exceeded £250.000 and l am qualified to undertake the examination by being a qualified member of The Institute of Chartered Ac£ountanls in England and Wales. It is my responsibility to: examine the accounts under section 145 of the 2011 Act. to follow the procedures laid down irl the general Directions given by the Charity Commission under section 145{51(b} of the 2011 Act. and lo stale whether particular matters have come to my attention. Basis of Independent Examlnerts Report My examination was carried out in accordance with the General DIrecti￿S given by the Charity Commission. An examination indudes a review of the acwunting records kept by the charity and comparison of Ihe accounts presenled with those records. It also includes consideration of any unusual items or disdosures in the accounts and seeking explanations from you as Trustees )ncerning any such matters. The proce(lures undertaken do not provide all the eviden￿ that WOLtld be required in an audit and consequently no opinion is given as to whelher the accounts present a 'tnJe and fair view, and the report is limited to those matters set out in the slatement below. Independent Examinerfs Statement In connection with my examination, no matt8r has come to my attention: (1) which gives me reasonable cxuse to believe that in any material respect the requirements.. to keep acc£sunting reo)r(Is in accordance wilh section 130 of the 2011 Act; and to prepar8 ac￿Unts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met: or {2) to which, in my opinion. attention shoukl be dr8*vn in order to erfable a proper understanding of the accounts to be reached. Jasmin Aktar . B.S¢ Hons (Lond) Small Works Vauxhall Bridge Road Victoria London SW1V 1TA Date: STATEMENT OF FINANCIAL ACTNMES FOR THE YEAR ENDED 31 MARCH 2024 Total Funds 2024 Funds Funds 2024 2024 Incoming Resources Donations Grants Investments 6,877 6.877 14,704 14,703 Total incoming rasour¢as 6,886 14,703 21.589 Expendlture Charitsble Expenditur& Total expenditUTe 1.789 1.789 14,703 14.703 16,492 16.492 Net IncomIn￿lOU￿0Jny} resources 5,097 5,097 R•ton¢illation of funds Total fvnds at 1 April 2023 Total funds at 31 March 2024 5.097 5.097 The stslement of finanpial activities indudes all gains and kisses recognized in the year. All income and expenditure derive from continuing activities. The stalement of financial activities also complies with the requirements for an income and expenditure eccount under Companies Act 2006. BALANCE SHEEf AS AT 31 MARCH 2024 Current Assets Cash at bank 20.097 Creditors.. amounts falllng due within one yèar (15.000) Net Current Ass•ts 5,097 Total Assets Le55 Current Liabiliti&s 5.097 Represented by Accumulated Reserves S,097 Total Funds 5.097 These financial st8tements were approved by the Tnjstees on are sign th￿r behalf by.. and Jona Chair o han rustees Date.. NOTES TO THE ACCOUNTS 1. Accounting Policies Charity Infomation Nalural Habitat is a charitable incorporated organisation. The registered Offi￿ is 3 Cherry Tree Cottage, Hclton, Suffolk, IP19 8PW 8asis of preparation The financial statements have been prBpared under the hiSt￿Ical cost convention wilh items recognised at cost or transaction value. The accounts have been prepared in accordance WFth the Statement of Recommended Practice.. Accounting and Reporting by Charities preparirTg their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) issued on 16 July 2014. and applicable UK accounting standards and the Charities Act 2011 The charity conslitutes a public benefit entity as defined by FRS 102. The Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence. Therefore they have adopted the going con￿rn basis in preparing the annual report and financial statements Inwme Income is recognised in the period in which the charity is entiued to receipt and the amount can be measured with reasonable ￿rtaInty Granls from the govemment and other agencies have been included as income from activities in furtherance of the charivs oty'ects where these amount to a contract for services. Expenditure Expenditure is included in the Statement of Financial Activities on an accruals basis and on the basis that considerats.on has been received ts the expendtture. Govemance costs Govemance costs comprrse all costs involving the public ac￿Untabllity of the charity and its compliance wilh regulation and go¢)Y practice. These costs indude those related to statutory examination of the accounts. See note 6. Funds Accourrting Funds held by the charity are: Unrestricted general funds- these are funds which can be used in accordance with the charitable objects at the discretion of Ihe trustees. Restricted funds - these are funds that Ixn only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raiged for parttcu12r restrictad purposes. Taxation The charity is exempt from Corporation Tax under Section 505 of the Income and Corporation Taxes Act 1998. The Charity is not registered for VAT and therefore any irrecoverable VAT has been induded with the relevant expenditure. NOTES TO THE ACCOUNTS (COIrnNUED) 2. Donatlons and Grants 2024 Donalions and Gifts Grants Received 6,877 14,703 21.58 3. Investment Income 2024 Inlerest R￿1Vable 4. Charltable Expendlture Tolal 2024 Chantat￿9 actiwlies 16892 16.492 5. Trustees None of the Trustees (or any persons connected with them} r￿1Ved any renumeration or benefits from the Charty during the year. 6. Creditors: Amount falllng due within year 2024 Likin 15.000 15.000 7. Related party transactions There were no d1sclosa1￿e rdated party transactions during the year.