```
REGISTERED CHARITY NUMBER: 206084
```
## **`REPORT OF THE TRUSTEES AND`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
```
```
FOR
```
```
SUFFOLK NATURALISTS' SOCIETY
```
```
van Dijk Accountants Limited
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
```
```
SUFFOLK NATURALISTS' SOCIETY
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2023`**
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 3`|
|**`Independent Examiner's Report`**|`4`|
|**`Statement of Financial Activities`**|`5`|
|**`Statement of Financial Position`**|`6`|
|**`Notes to the Financial Statements`**|`7 to 11`|
|**`Detailed Statement of Financial Activities`**|`12`|
```
SUFFOLK NATURALISTS' SOCIETY
```
## **`REPORT OF THE TRUSTEES`**
## **`for the Year Ended 31 December 2023`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December 2023.
ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
TheobjectivesoftheCharityaretostudyandrecordthefauna,floraandgeologyofthecounty:topublish Suffolk
NaturalHistory,SuffolkBirdsandthenewsletterWhiteAdmiral;toliasewithothernaturalhistorysocieties and
conservationbodies in the county;to promoteinterestin naturalhistoryand the activitiesof the Society;and to apply
thenetincomeoftheSocietyattheTrustees'discretioninsuchmannerastheythinkfitinthefurtheranceof the
Society.
```
```
The Societycontinuesto lookat ways in whichit can raiseits profilelocallyandattractnew members.Lookingto the
future,itisanticipatedthattheSocietywillcontinuewithitsannualpublications,members'meetings, and
conferenceswhenappropriate.TheSocietywillcontinuetore-establishandbuildstronglinkswithother scientific,
environmentalandconversationbodies.Grantfundingwillbemadeavailableforapprovednaturalhistory projects
andcommissionednaturalhistorywork.TheSocietyalsoplanstoidentify,financeandcarryoutitsown projects
within Suffolk, and to attempt to recruit additional Council members in order to push ahead with these initiatives.
```
```
The trustees have paid due regard to guidanceissued by the CharityCommissionin decidingwhat activitiesthe charity
should undertake in respect of public benefit.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
```
TheSociety'smembershipfellsignificantly(8%)from607to559,thishasreducedourincomefromsubscriptions by
£730.TheSocietyisconsciousitmustcontinuetoactivelypromotemembershipastherehasbeenasteady decline
over the years.
```
```
TheCOIFCharitiesEthicalinvestmentfundincreasedsignificantlyinvaluefrom£437,022attheendof2022 to
£480,369;interestrateswererelativelystablesotherewasaslightincreaseininvestmentincomefrom£13,662 in
2022 to £14,172 in 2023.
```
```
Expenditureonpublicationswasalittlemorethanthepreviousyear(£20,628comparedto£20,027in2022) but
these figures mask a significant(43%) rise in distributioncosts. The Society will continueto produceits publications on
Suffolknaturalhistoryaswellasseekingtoassistinthepublicationsoftheworkofothers.Publicationsales were
good, particularly for the Bird Report, with an increase from £1,634 in 2022 to £2,131 in 2023.
```
```
In March, the Society held its first onlineconference"Into the Wild" on the theme of rewilding.Tickets were sold at £8
forthetwomorningsessions(or£5asinglesession)raising£1,061whichcoveredmostoftheexpenditureon the
event £1,380).
```
```
A MorleyBursaryof £300wasawardedforresearchonBumblebeenestboxesinarablefarmland.A Simpson Bursary
of £500 over two years was awarded for research on seedbanks in Ghost Ponds in NE Suffolk.
```
```
The Society will continue to promote its bursaries and grants for research and other projects.
```
```
TheSocietyisverygratefulforadonationof£657inmemoryofourlatememberBenPerkins(Seeobituary TSNS
59:201).
```
```
Page 1
```
```
SUFFOLK NATURALISTS' SOCIETY
```
## **`REPORT OF THE TRUSTEES`**
## **`for the Year Ended 31 December 2023`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
```
Thecharitywasfoundedin1929byClaudeMorley,asanunincorporatedcharity.Itisregisteredwiththe Charity
Commission under reference 206084.
```
```
Thecharityis governedbya writtenconstitution,andismanagedbyitsCouncil,whosemembersarethetrustees of
thecharity.ThesecomprisetheSociety'sofficers,togetherwithamaximumofeightelectedmembers. Major
decisionsaretakenattheAnnualGeneralMeeting.TheCouncilmeetsapproximatelyeverytwomonthstoattend to
routine and operational matters.
```
```
The Society'sofficersandotherTrusteesare electedat the Society'sAnnualGeneralMeeting,andholdofficefor four
years,withtwooftheelectedtrusteesretiringeachyearinturn.Exofficioofficersareappointedasrequired. The
Trusteessetoutabovehaveheldofficeduringthewholeof2021anduptothedateofthisreportunless otherwise
stated.
```
```
TheTrusteeshaveidentifiedandreviewedthemajorriskstowhichthecharityisexposed,bothoperational and
financial,andhaveestablishedappropriatesystemsdesignedtomitigatethoserisks.TheSocietyissatisfied that
systemsareinplacetomitigatetheirexposuretothemajorriskswhichhavebeenidentifiedandreviewedsee Risk
Register(https://sns.org.uk/wp-content/uploads/2021/02/sns-Risk-Register-revised-Mar2019.pdf)and Risk
Management Policy (https://sns.org.uk/wp-content/uploads/2021/02/sns-Risk-Management-Policy-Jan 2019.pdf)
```
```
TheTrusteestookstepstoimplementtheGeneralDataProtectionRegulationsMay2018andaresatisfiedthat the
Society is compliantwith the Regulations.
```
```
SeeDataManagementPolicy(https://sns.org.uk/wp-content/uploads/2021/02/sns-Data-Protection-Policy-14 Mar
18.pdf)
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
206084
```
## **`Principal address`**
```
The Hold
131 Fore Street
Ipswich
Suffolk
IP4 1LR
```
```
Page 2
```
```
SUFFOLK NATURALISTS' SOCIETY
```
## **`REPORT OF THE TRUSTEES`**
## **`for the Year Ended 31 December 2023`**
## **`Trustees`**
```
J Hardingham
Ms G Broad (resigned 26.4.23)
M Sanford
J Hawkins
N Mason
C J Hawes
B Heather (resigned 26.4.23)
H Mottram
P J Vincent
D Tansley
D Casey
M Deans
H Honey
E Aldous (appointed 26.4.23)
S Jackson (appointed 26.4.23)
Lloyds Bank Plc
13 Cornhill
Ipswich
IP1 1DG
```
## **`Independent Examiner`**
```
van Dijk Accountants Limited
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
```
## **`Investment advisors`**
```
CCLA Investment Management Limited
Client Service Team
COIF Charity Deposit Funds
80 Cheapside
London
EC2V 6DZ
```
```
Approved by order of the board of trustees on 9 April 2024 and signed on its behalf by:
```
```
M Sanford - Trustee
```
```
Page 3
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF`**
## **`SUFFOLK NATURALISTS' SOCIETY`**
## **`Independent examiner's report to the trustees of Suffolk Naturalists' Society`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofSuffolkNaturalists'Society(theTrust)for the
year ended 31 December 2023.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
```
```
I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.
```
## **`Independent examiner's statement`**
```
I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnection with
the examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust 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 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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
P N van Dijk FMAAT
```
```
van Dijk Accountants Limited
Georgian House
34 Thoroughfare
Halesworth
Suffolk
IP19 8AP
```
```
9 April 2024
```
```
Page 4
```
```
SUFFOLK NATURALISTS' SOCIETY
```
## **`STATEMENT OF FINANCIAL ACTIVITIES`**
## **`for the Year Ended 31 December 2023`**
|`Unrestricted`
`Endowment`
`fund`
`funds`
`Notes`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`10,340`
`-`
`General income`
`2`
`16,215`
`88`
**`Total`**
`26,555`
`88`
**`EXPENDITURE ON`**
`Costs`
`26,209`
`-`
`Net gains/(losses) on investments`
`12,354`
`30,993`
**`NET INCOME/(EXPENDITURE)`**
`12,700`
`31,081`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`158,340`
`310,992`
**`TOTAL FUNDS CARRIED FORWARD`**
`171,040`
`342,073`|`31.12.23`
`31.12.22`
`Total`
`Total`
`funds`
`funds`
`£`
`£`
`10,340`
`24,284`
`16,303`
`15,296`
`26,643`
`39,580`
`26,209`
`26,616`
`43,347`
`(61,539)`
`43,781`
`(48,575)`
`469,332`
`517,907`
`513,113`
`469,332`|
|---|---|
```
The notes form part of these financial statements
```
```
Page 5
```
```
SUFFOLK NATURALISTS' SOCIETY
```
## **`STATEMENT OF FINANCIAL POSITION`**
## **`31 December 2023`**
|`Unrestricted`
`Endowment`
`fund`
`funds`
`Notes`
`£`
`£`
**`CURRENT ASSETS`**
`Investments`
`6`
`139,017`
`341,352`
`Cash at bank`
`32,923`
`721`
`171,940`
`342,073`
**`CREDITORS`**
`Amounts falling due within one year`
`7`
`(900)`
`-`
**`NET CURRENT ASSETS`**
`171,040`
`342,073`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`171,040`
`342,073`
**`NET ASSETS`**
`171,040`
`342,073`
**`FUNDS`**
`8`
`Unrestricted funds`
`Endowment funds`
**`TOTAL FUNDS`**|`31.12.23`
`Total`
`funds`
`£`
`480,369`
`33,644`
`514,013`
`(900)`
`513,113`
`513,113`
`513,113`
`171,040`
`342,073`
`513,113`|`31.12.22`
`Total`
`funds`
`£`
`437,022`
`35,713`
`472,735`
`(3,403)`
`469,332`
`469,332`
`469,332`
`158,340`
`310,992`
`469,332`|
|---|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon9 April2024and were
signed on its behalf by:
```
```
M Sanford - Trustee
```
```
J Hardingham - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
SUFFOLK NATURALISTS' SOCIETY
```
## **`NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2023`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.
```
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationis providedat the followingannualrates in orderto write off each asset over its estimated useful
life.
```
```
Fixtures, fittings and equipment-3 years straight line
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`2. GENERAL INCOME`**
|**`GENERAL INCOME`**|||
|---|---|---|
||`31.12.23`|`31.12.22`|
||`£`|`£`|
|`Investment income`|`14,172`|`13,662`|
|`Publication sales`|`2,131`|`1,634`|
||`16,303`|`15,296`|
```
continued...
```
```
Page 7
```
```
SUFFOLK NATURALISTS' SOCIETY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the Year Ended 31 December 2023`**
## **`3. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees'remunerationor other benefitsfor the year ended 31 December 2023 nor for the year
ended 31 December 2022.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended
31 December 2022.
```
## **`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
## **`5.`**
|`Unrestricted`
`Endowment`
`fund`
`funds`
`£`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`24,284`
`-`
`General income`
`15,210`
`86`
**`Total`**
`39,494`
`86`
**`EXPENDITURE ON`**
`Costs`
`26,616`
`-`
`Net gains/(losses) on investments`
`(17,539)`
`(44,000)`
**`NET INCOME/(EXPENDITURE)`**
`(4,661)`
`(43,914)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`163,001`
`354,906`
**`TOTAL FUNDS CARRIED FORWARD`**
`158,340`
`310,992`
**`TANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 January 2023 and 31 December 2023`
**`DEPRECIATION`**
`At 1 January 2023 and 31 December 2023`
**`NET BOOK VALUE`**
`At 31 December 2023`
`At 31 December 2022`|`Total`
`funds`
`£`
`24,284`
`15,296`
`39,580`
`26,616`
`(61,539)`
`(48,575)`
`517,907`
`469,332`
`Fixtures`
`and`
`fittings`
`£`
`1,264`
`1,264`
`-`
`-`|
|---|---|
```
continued...
```
```
Page 8
```
```
SUFFOLK NATURALISTS' SOCIETY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the Year Ended 31 December 2023`**
## **`6. CURRENT ASSET INVESTMENTS`**
|`COIF income units`
**`7.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
**`8.`**
**`MOVEMENT IN FUNDS`**
**`Unrestricted funds`**
`General fund`
**`Endowment funds`**
`Endowment`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`26,555`
**`Endowment funds`**
`Endowment`
`88`
**`TOTAL FUNDS`**
`26,643`|`At 1.1.23`
`£`
`158,340`
`310,992`
`469,332`
`Resources`
`expended`
`£`
`(26,209)`
`-`
`(26,209)`||`31.12.23`
`£`
`480,369`
`31.12.23`
`£`
`900`
`Net`
`movement`
`in funds`
`£`
`12,700`
`31,081`
`43,781`
`Gains and`
`losses`
`£`
`12,354`
`30,993`
`43,347`||
|---|---|---|---|---|
||||||
```
continued...
```
```
Page 9
```
```
SUFFOLK NATURALISTS' SOCIETY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2023`**
## **`8. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
**`Endowment funds`**
`Endowment`
**`TOTAL FUNDS`**|`At 1.1.22`
`£`
`163,001`
`354,906`
`517,907`|`Net`
`movement`
`in funds`
`£`
`(4,661)`
`(43,914)`
`(48,575)`|`At`
`31.12.22`
`£`
`158,340`
`310,992`|
|---|---|---|---|
||||`469,332`|
```
Comparative net movement in funds, included in the above are as follows:
```
||`Incoming`|`Resources`|`Gains and`|`Movement`|
|---|---|---|---|---|
||`resources`|`expended`|`losses`|`in funds`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`39,494`|`(26,616)`|`(17,539)`|`(4,661)`|
|**`Endowment funds`**|||||
|`Endowment`|`86`|`-`|`(44,000)`|`(43,914)`|
|**`TOTAL FUNDS`**|`39,580`|`(26,616)`|`(61,539)`|`(48,575)`|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Endowment funds`**
`Endowment`
**`TOTAL FUNDS`**|`At 1.1.22`
`£`
`163,001`
`354,906`
`517,907`|`Net`
`movement`
`in funds`
`£`
`8,039`
`(12,833)`
`(4,794)`|`At`
`31.12.23`
`£`
`171,040`
`342,073`|
|---|---|---|---|
||||`513,113`|
```
continued...
```
```
Page 10
```
```
SUFFOLK NATURALISTS' SOCIETY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued`**
## **`for the Year Ended 31 December 2023`**
## **`8. MOVEMENT IN FUNDS - continued`**
```
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
```
||`Incoming`|`Resources`|`Gains and`|`Movement`|
|---|---|---|---|---|
||`resources`|`expended`|`losses`|`in funds`|
||`£`|`£`|`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`66,049`|`(52,825)`|`(5,185)`|`8,039`|
|**`Endowment funds`**|||||
|`Endowment`|`174`|`-`|`(13,007)`|`(12,833)`|
|**`TOTAL FUNDS`**|`66,223`|`(52,825)`|`(18,192)`|`(4,794)`|
## **`9. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2023.
```
```
Page 11
```
```
SUFFOLK NATURALISTS' SOCIETY
```
|**`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`**|||
|---|---|---|
|**`for the Year Ended 31 December 2023`**|||
||`31.12.23`|`31.12.22`|
||`£`|`£`|
|**`INCOME AND ENDOWMENTS`**|||
|**`Donations and legacies`**|||
|`Donations and gifts`|`125`|`50`|
|`Legacies`|`657`|`15,007`|
|`Conference`|`1,061`|`-`|
|`Subscriptions`|`8,497`|`9,227`|
||`10,340`|`24,284`|
|**`General income`**|||
|`Investment income`|`14,172`|`13,662`|
|`Publication sales`|`2,131`|`1,634`|
||`16,303`|`15,296`|
|**`Total incoming resources`**|`26,643`|`39,580`|
|**`EXPENDITURE`**|||
|**`Costs`**|||
|`Insurance`|`944`|`631`|
|`Webhosting and internet`|`346`|`2,209`|
|`Suffolk Bird Report`|`7,139`|`7,825`|
|`Suffolk Natural History`|`4,726`|`5,426`|
|`SNS Newsletter`|`4,257`|`3,630`|
|`General expenses`|`619`|`248`|
|`Paypal fees`|`111`|`94`|
|`Distribution costs`|`4,506`|`3,146`|
|`Admin expenses`|`310`|`-`|
|`Direct Debit processing`|`171`|`630`|
|`Bursaries and grants`|`550`|`1,618`|
|`Honorarium`|`250`|`250`|
|`Conference`|`1,380`|`-`|
|`Accountancy`|`900`|`900`|
|`Bank charges`|`-`|`9`|
||`26,209`|`26,616`|
|`Total resources expended`|`26,209`|`26,616`|
|**`Net income before gains and losses`**|`434`|`12,964`|
|**`Unrealised recognised gains and losses`**|||
|`Unrealised gain/loss on investments`|`43,347`|`(61,539)`|
|**`Net income/(expenditure)`**|`43,781`|`(48,575)`|
```
This page does not form part of the statutory financial statements
```
```
Page 12
```