TEES VALLEY WILDLIFE TRUST LIMITED (Company Limited by guarantee- not havin8 a share capital) Trustees, Annual Report and Accounts For the year ended 31st March 2024 Registered charity number 511068 Company Registered in England: Number 1528307
Tees Valley Wildlife Trust- Trustees Annual Report and Accounts LEGAL & ADMINISTRATIVE INFORMATION Trustees John Dear Keith Hissitt Mark Fishpool Jackie Henderson Julie Mason Mike McNulty Brian Nicholson Alan Simkins Paul Swalwell Siobhan Callaghan Anne Johnson Lynne Hammond lan Solomon Chair Secretsry Treasurer Chief Executive Jeremy Garside Charlty number 511068 Company number 1528307 Registered office Margrove Heritage Centre Margrove Park Saltburn TS12 3BZ Webslte www.teeswildlife.org Independent examiner Draycott & Kirk LLP Chartered Accountants Cleveland House 92 Westgate Gulsborough TS14 6AP Banker5 Barclays Bank PLC PO Box 235 Stockton on Tees TS17 6YJ CAF Bank Kings Hill West Malling Kent ME19 4TA CAF Bank is a subsidiary of the Charities Aid Foundation
Tees Valley Wildlife Trust- Trustees Annual Report and Accounts CONTENTS Trustees, report page 3 to 11 Independent examinerfs report page 12 Statement of financial activities page 13 Balance sheet page 14 Notes to the financial statements page 15 to 23
Tees Valley Wildlife Trust-Trustees Annual Report and Accounts TRUSTEES, REPORT FOR THE YEAR ENDED 31" MARCH 2024 The trustees. who are also the directors of Tees Valley Wildlife Trust Limited for the purpose of company law. are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practi). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitsble company for that year. In preparing these financial statements, the trustees are required to.. - select sultable accounting policies and then apply them consistently; - observe the methods and principles in the Charltles SORP; - make Judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going concern basi5 unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting record5 that disclose with reasonable accuracy at any time the financial posltlon of the charity and enable them to ensure that the financial statements comply wlth the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the pventIOn and detection of fraud and other irregularities.
Tees Valley Wildlife Trust- Trustees Annual Report and Accounts TRUSTEES, REPORT FOR THE YEAR ENDED 31° MARCH 2024 The Trustees present thelr report and financlal statements for the year ended 31st March 2024. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the charit¢s governing document, the Companies Act 2CX)6 and °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 IFRS 102)" {as amended for accounting periods commencing from l January 2016}. ACHIEVEMENTS AND PERFORMANCE Summary of Activttles in 2023124 The Tees Valley Wildlife Trusys focus is on the protection and restoration of wildlife in one of the most nature4epleted regions of the world. Achieving this requires action for rare and threatened wlldlSfe specles and their habitats. It also requires action to address the many threats to wildlife, many of which result from people's attitude and behaviour. People are key to nature's recovery. we need nature more than ever and yet we are increasingly disconnected from the natural world. The Trusvs work encompasses both the conservatlon of wildlife and the engagement of people with the natural world. Central to this is demonstrating the essential role that nature plays in issues as varied as the climate crisis, plant pollination and people's health and wellbeing. The followlng highlights reflect the breadth of activity and the achievements made by the Trust during the year. Restoration of Lazenby Bank In the winter of 2023, an extensive area of some 20 hectares of dense conifers were cleared from the Trusvs Lazenby Bank nature reserve. The Trust purchased the 80 hectare woodland at Lazenby Bank in 2018, with a generous grant from Biffa Award. Much of it 15 covered by broadleaved trees with a rich ground flora and prolific displays of bluebells through the spring months. In contrast, some parts of the reserve contained dense conifer plantation. Here the woodland floor was dark all year round and offered little scope for flowering plants and pollinatin8 insects. Recent hot, dry summers had seen outbreaks of fire in these areas, too and this added to the urgency of restorlng and maximising the ecological Integrity and reslllence of this incredlble nature reserve. Conifer removal from the site's steep slopes via narrow tracks proved to be a complex and disruptive operation. Nonetheless, a significant area of land has been opened up for renewal as broadleaved woodland. Around half of this had been identified as ancient or ancient re-planted woodland and is therefore a national conservation priority for restoration Nature education 700 children took part in school visits to our nature reserves durlng the year, enjoying actlvities such as pond dipping and bug huntin8 and inspiring them through contact with the natural world. The Trust places a high degree of importance on environmental education, partlcularly where this takes place outdoors. We are concerned by the increasing disengagement of children from the nature, which consequently reduces their physical activity. freedom and experiences. This has serious implications for the way people might care for and respect the environment in the future.
Tees Valley Wildllfe Trust- Trustees Annual Report and Accounts TRUSTEES. REPORT FOR THE YEAR ENDED 31st MARCH 2024 We also delivered 26 teacher training sessions during the year, knowing that the only way to extend our reach to children and young people is by ensuring that teachers and schools are able to deliverthe best quality outdoor learning themselves. East Cleveland hedges During the year, we helped landowners in East Cleveland to plant 1000 metres of new hedgerow. Hedge planting was not a planned outcome of our Wildlife at the Edges project, which engaged communities in planning nature's recovery by looking at the marginal habits. field edges, hedges and verges of East Cleveland. But the project became a catalyst for action by communities and landowners arld we brought them together to make a lasting difference for wildlife in the rural landscape. Newt ponds In 2023/24, the Trust excavated 12 large wildlrfe ponds in various sites acros5 the Tees Valley. Ponds support a vast array of wildlife, notjust pond-llfe such as frogs. toads and diving beetles, but a150 by providing freshwater for a wide variety of birds and animals. They are one of the natural features that has been in severe decline across the Tees Valley for decades and their loss Increases pressure on wildlife that is already in decline. Our ponds were created in our capacity as delivery partner in Natural England's Dlstrict Level Licencing Scheme forgreat crested newts. It brings the total number of large ponds we have installed in the last three years to 42. Monitoring shows that these benefrt all sorts of wildlife in addition to the threatened great crested newt. REVIEW OF PERFORMANCE AGAINST. OBJECTIVES Proterting ond restoring nature In last yearfs report we described how the Trust was planning to engage with the production of a Local Nature Recovery Strategy for the Tees Valley. Local Nature Recovery Strategies are a new approach to setting priorities for nature at a local level in England which were introduced by the Environment Act in 2021. We believe that these strategie5 will be key to establishing priorities for nature with 5UPPOrt through new financial and legal measures including Biodiversity Net Gain, Nutrient Neutrality and Environmental Land Management Schemes. They.will also align the effi)rts of the government agencies, local government and voluntary sector organisations which work in our area. Through the past year we worked through the Tees Valley Nature Partnership, firstly to ensure a local lead authority could be identified for the Strategy and then to clarify how the Nature Partnership might best support its development and production. Strategy production will be ongoing through 2024125. Last yearfs report also described how we manage our nature reseryes as building blocks for nature's recovery as well as spaces for people to reconnect with natu. We said that Portrack Marsh is one of our m05t important reserves for wildlife and people, located at the very centre of the Teesside conurbation and that during the year we wanted to launch a new initiative around this flagship reserve. Ownership of the land at Portrack Marsh is divided between the Trust and the Northumbrian Water Group and at the start of 2023, Northumbrlan Water extended a long tenn partnership arrangement wlth the Trust to support a full tlme conservation officer working at the reserve as well as contributlng to conservation enhancements at the companls other landholdings in the Tees Valley.
Tees Valley Wildlife Trust- Trustees Annual Report and Accounts TRUSTEES, REPORT FOR THE YEAR ENDED 31° MARCH2024 This generous Inltlatlve enables the Trust to deliver a varlety of regular tasks ranging from reedbed management to providing feeding habitat for wading birds, vegetation maintenance on a common tern nesting island and replacing sand in the artificial sand martin nesting wall. It has also allowed the Trust to establish a variety of regular volunteering activities at the reserve to assist with conseNation tasks, giant hogweed control and footpath repalrs. In addition, this regular presence on site has begun to build relationships with regular visitors and to support educational and wellbeing sessions for groups from the surrounding area. People taklnq artlon fvr nature In 2023, we described our long term strategy for connecting people with wildlife, with the long tem) objective that l in 4 people might be active for nature by 2030. In order to achieve this, we need to SUPPDrt community-led actlvltSes, while still supporting those in soclety who are least able to act or who suffer most from a disconnection from nature. Last year, we had started new activity with communities in East Middlesbrough with support from You've Got Thls whlch is a Sport England Inltiative tackllng health conditions associated with low levels of activity. Through 2023124 we continued to build on work at Greystone Wood, a sizeable area of woodland on the edge of Grangetown with significant problems and potential associated with its location alongside one of the Tees Valle(s most challenged communities. A programme of conservation work was coordinated by the Trust and involved Council work teams and an expanding group of local volunteers, now calling themselves the Greystone Forester5. The group wa5 SUPPOrted with training in First Aid and in the produrtion of publicity materials to help their cause. Additional funding was secured from the Tees Valley Community Foundation enabling us to deliver Noture Comes to Grangetown a mini-festival in August, which provided a focus for a range of organisations wishing to support the area. Over 650 local people took part in a variety of outdoor activities and a programme of family wildlife events. For the yastthree years, the Trust has been using its community engagement approach to support conservation at the coast. A dedicated Wilder Coast Project Officer, was engaged to harness the publlc's love for the varied and beautiful coast between Teesmouth and Staithes, and use this to address a number of conservation issues. Project officer actlvity Included work to support the protectlon of intemationally important populatlons of coastal birds which depend on the intertidal habitats for food. These suffer from recreational disturbance, particularly from dog walking. Increasing awarene55 of the harni that can be caused and promoting behavioural change has been key to ensuring survival of these birds. In a similar vein, the projett sought to engage with communities to address other threats to marine and coastal wildlife including plastic waste, sewage and litter. While these are often perceived to be the result of .distant corporate and regulatory concerns, the is still much for local people to do in terms of their own consumption and waste disposal. The project operated through a series of walks, talks, coastal workshops, activities, events and social media campaigns. More than 3500 people pledged to personal actions to reduce pressure on coastal and marine wildlife,
Tees Valley Wlldllfe Trust-Trustees Annual Report and Accounts TRUSTEES, REPORT FOR THE YEAR ENDED 31tt MARCH 2024 Nature-based solutions In our 2023 report we said that we would continue to demonstrate the central role that nature plays in wider environmental issues including the climate crisis, air pollution, soil protection, managing water, plant pollination and making a positive change to people's physical and mental health. Our Climate Action Middlesbrough project team has the objective of using every element of green land (parks, school grounds. cemeteries, road verges, and general greenspacel to improve carbon sequestration and as a network to improve nature's recovery and permit movement of species in response to a changing climate. During the winter season of 2023/4, they planted over 6000 trees, many of them with the assistance of primary school pupils. Planting was often delivered alongside the creation of school wildlife areas and incorporated new hedges, fruit trees and seatSng areas. In order to establish a connected network of sites for nature's recovery, a suniey of Mlddlesbrough's Local Wildlife Sites was completed. It as5e55ed their conditSon. set out plans for management and ensures protection through policies In the next Local Pan. Wildlife Sites in this network were also targeted for management. Bramble and scrub removal at Bonny Grove on Marton West Beck, encouraged the return of meadow species including great burnet and red campion. Grasslands at Blue Bell Beck, Middle Marsh and Sandy Flats were cut and raked to support wlldflower populations. The Trust delivers a range of ongoing programmes to support mental health and wellbeing through nature. These include work wlth Beverley School for Autism and the Rooted in Nature green prescribing trials with Mind. In 2023124, we also worked with a local Community Interest Company called Going for Independence on a project which engaged people suffering from sight loss with the natural environment and wildlrfe of Tees Valley's coastline. The project explored a wide range of benefits that can result from engagement with the natural world by people who faced significant challenges with gaining access to natural sites. Indoor workshops made use of collected items and explored subjects such as rockpool habitats and geology. These were followed up with assisted visits into the outdoor5, sometimes requiring the use of special equipment such as all-terrain wheelchairs. Participants reflected on a wide range of benefits that they experienced from this project including being given'the opportunity to learn about complex and detailed subjects despite their physical challenges. Also the richness that the programme gave to their INes when so much of. their experience had been limited to sheltered and indoor environments. FOCUS FOR NEXT YEAR AND LONG-TERM sfRATEGIES The Trust has set out full detalls of its long-term objectives in a new Strategy 2030 "Bringing Nature Back". Thls Is also aligns with the strategic objects shared by the national federation of The Wildlife Trusts. An annual Business Plan sets out the organisation's focus for the coming year. From thls, we can highlight the following objectives for 2024/25.
Tees Valley Wildlife Trust-Trustees Annual Report and Accounts TRUSTEES, REPORT . FOR THE YEAR ENDED 31" MARCH 2024 l.. Noture is in recovery, with abundant, diverse wlldllfe We will assist with the production of the Tees Valley Local Nature Recovery Strategy and support local partnerships, such as the Tees Estuary Nature Recovery Partnershlp, to begln delivery of Its objectives. We will restore and enhan wildlife habitats and secure inilestment to enable the long term management of sites. We will also make effort5 to acquire more land and to establish new nature reserves that help create an interconnected network for wildlife. 2." People ore toking action for noture and the climate Through our Nextdoor Nature Projett we will assist communities to lead local action for wildlife. We will work with teachers and youth leaders to give them the skills, knowledge and confidence to include environmental aspects of outdoor learning in their wot*. Through a new project with the Junction Foundation. an organisation which working with children. young people and their families, we will support young people as key stakeholders and future custodians of our environment. 3.. Nature is ploying a centrol and valued role in helping to address local and global problems We will wod( with our partners to provide high quality, wildlife-rich green spaces which are accessible to all and provide natural solutions to a variety of local and global environmentsl issues. We will promote action by others includin8 our members and partners to adopt pro-nature and pro-climate behaviours. FINANCIAL REVIEW During 2023124, the Trust was supported to deliver a wide range of projects and activities by grant giving bodies including the National Lottery Community Fund, National Lottery Heritage Fund, Tees Valley Community Foundation and The Cummins Foundation. Further financial support for projects came from the Environment Agency, Natural England, Tees Valley Combined Authority and the area's five local authorities. Subscriptions from members and donations from the public continued to make an important contribution to funding the Trusvs operating costs and delivering its charitable objectives. During the year, the Trust benefited from a significant financlal contrlbutlon through an Enforcement Undertaking administered by the Environment Agency. This will support conseNation work at Lazenby Bank and Coatham Marsh. In recent years, the Trust has been Investigating new financlal arrangements developed under the Environment Act to SUPPOrt nature's recovery. During 2023/24 a detailed scheme was prepared to deliver Biodiversity Net Gain at the Trusvs Gravel Hole nature reserve. An agreement was made between the plannlng authority, a developer and the Wildlife Trust and it is expected that the project will begin in 2024125. It is hope that these new green finances can be applied to other sites in the Trusvs ownership.
Tees Valley Wildlrfe Trust- Trustees Annual Report and Accounts TRUSTEES. REPORT FOR THE YEAR ENDED 31° MARCH2024 Reserves Pollcy The free reserve is an important part of the Trusvs risk management process, protecting the or8anisatFon from a number of potential risks such as a short-temi downturn in fundraising Income or periods of high inflation. In addition, with some of the Trust's project income paid in arrears of expenditure, the free reserve is essential for managlng cash-flow. The trustees have agreed to establish a level of financial reserrfe that would support the operational costs of the charity for between 3 and 6 months. The funds currently available to the charity are £335,801. The trustees have reviewed the level of its free financial reserve against current staff numbers and the budgeted expenditure for the current financial year. They have concluded that this meets their requirements. STRucfuRE, GOVERNANCE AND MANAGEMENT Structure and Governance Tees Valley Wildlife Trust Limited is registered as a charity with the Charity Commission and is also company limited by guarantee. It was founded in 1979 and was formerly known as the Cleveland Nature Conservation Trust and Cleveland Wildlife Trust. The organisation's governing document is its Memorandum and Articles of Assoclatlon. Anyone can become a member of the Trust. The Council of Management of the Tees Valley Wildlife Trust Limited comprises a minimum of 10 and maximum of 15 trustees, who are also the directors of the company limited by guarantee. The Councll Is responsible for settlng pollcy and strategy and for approving major commitments. A Chief Executive is appointed by the Council to manage the day to day operations of the charity, Trustees are elected from the membership and all members can nominate trustees prior to the Annual General Meeting. Trustees must retire at the third AGM following their election, although they are eliglble for re-electlon. Councll may co-opt additional trustees at any tlme. Trustees appolnted by this method must not exceed one third of its elected membership and must retire from office at the next AGM. New trustees undertake an induction following a written procedure, to brlef them on thelr legal obllgatlons under charity and company law and the management and operation of the charity. An induction pack is provided and includes items such as the governing document, trustee minutes and audited accounts. New trustees meet key employees of the charity and have the opportunity to visit its nature reserves and current project sites. The charity encourages training fortrustees where this helps them to undertake their duties. The Wildlife Trusts The charity is a member of the Wildlife Trusts, a federation of 46 Wildlife Trust5 which cover every part of the British Islands, along with the Royal Society of Wildlife Trusts Icharity number 2072381. While each member of the partnership remains entirely independent in tenTts of governance, The Wildlife Trusts work together collectively towards agreed strategic goals while sharing best practice, skills, and knowledge. They help each other to ensure that leadership and governance structures within Wildlife Trusts and across the movement are underpinned by robust systems that promote a culture of sharing, learning, respect. and mutual trust. so that we can optimise opportunities for change. Environmental Report The Trust is committed to minimising ary negative environmental impacts that result from its activities as part of our contrlbutlon to tackllng the cllmate and ecologlcal emergency. In order to assess and address
Tees Valley Wildllfe Trust- Trustees Annual Report and Accounts TRUSTEES, REPORT FOR THE YEAR ENDED 31" MARCH 2024 these impacts we completed a fourth annual audit of our carbon footprint for the year 2022n3 followlng the standards of the Greenhouse Gas Protocol. A summary is provided below. New items are added to the protocol annually, so a comparative figure has been included to indicate trends since the baseline year. In the past year the heating system at the Margrove Heritage Centre was upgraded. Our ckoice of system was heavily constrained bythe location. age and condition of the building, such that no alternatives to fossil fuels were realistically available. However, the replacement system will be vastty more efficient and reduce carbon emissions accordingly. Basellne 2019120 14.8 2020121 2021122 2022123 Building Fuel (stationary combustion} Fleet and Equipment Fuel {mobile combustlon) Purchased electricity (location based) Purchase elettricity (market based} Water use and wastewater Business travel {employees) Travel (casual staff and volunteer5) Employee commuting Greenhouse gas emissions over tlme for categorles reported on sirKe the basellne only. (Totals glven to show trends) Purchased goods Purchases services {excluding water) Capital good5 Fuel and energi related activities not included in scope l or scope 2 Upstream transportation and distribution Waste generated in operations Employees working from home Upstream leased assets Downstream transportation and distribution Total greenhouse gas emissiors (t Cole) 3.05 3.05 8.25 16.0 2.87 6.94 7.92 1.88 2.29 1.17 0.02 0.02 0.01 3.98 0.43 3.28 5.47 0.23 1.14 0.41 23.37 29.58 5.92 14.75 67.00 14.62 31.06 48.89 11.49 13.58 4.42 6.29 4.45 2.24 1.83 86.50 Public Benefrt The work of the Tees Valley Wildlife Trust Limited addresses threats to people and the natural world such a5 the unsustainable consumption of the world's natural resources and damage to the natural ecosystems which support the planet. Our report provides detail of the beneffts to people's health and wellbeing that come from erbgagement with nature and access to natural environments. Our activities are provided for all sectors of society and our sites, whlch are distributed wSdely across the Tees Valley, are made freety available to all. In reviewlng our aims and.obJectives and as part of the planning of future work, the trustees have taken account of the guidance given by the Charity Commission on public benefit. Careful consideration is given to ensuring that activities consistently contribute to the charitys objertives. 10
Tees Valley Wlldllfe Trust - Trustees Annual Report and Accounts TRUSTEES, REPORT FOR THE YEAR ENDED 31" MARCH2024 Investment Policy The trustees, having regard to the financlal reserves policy, have operated a poliry of keeping available funds in interest bearing deposit accounts with competitive levels of interest and with ethical investment policies. Remuneratlon Policy Our approach to remuneration is designed to ensure we can attract and retain the talented and motivated people we need to achieve our mission and deliver our strategic goals. It is applied consistently acr055 the organisation. The trustees aim to pay staff competitively in the not-for-profit sector within the context of affordability. Salaries are benchmarked across the Wildlife Trusts partnership and against other environmental charities working in the North East of England. The Management of Risk The Trustees are responsible for ensuring that the organisation has a sound system of internal control to safeguard its assets and funds, and that they use their best endeavours to ensure that its policies are implemented and its aims and objectives met. For reasons of cost and practicality, the system of internal control is intended to manage rather than eliminate risks, and to give reasonable rather than absolute assurances. The system of internal control includes: An annual Business Plan which is developed by the trustees and staff. This is a strategic plan which covers the alms and objectives of the organisation and is used to ensure that all activity meets with the Trusys charitable objects. The plan also sets a project programme and budget forthe year Council reviews progress agalnst the Buslness Plan and budget four times each year through management accounts and a project report. A Project Management System is used to monitor and evaluate the effectiveness of expenditure on projects and the achievement of outputs and outcomes. A Risk Register is reviewed regularly during the year and is updated annually by Council A Health and Safety Policy and Procedures are followed. Council reviews Health and Safety issues at least every six months. External Health and Safety audits and reviews are made by the Local ALrthority and the Health and Safety Executive. • A policy and detailed working procedures are followed on chi5d protection and working with vulnerable adults. They are subject to annual update and review. Thls report was opproved by the Councll of Management on 2W July and 15 slgned on thelrbehalf by the Chair." John Dear Chairman 11
Tees Valley Wlldlife Trust- Trustees Annual Report and Accounts INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TEES VALLEY WILDLIFE TRUST I report on the accounts of the company for the year ended 31st March 2024 which are set out on pages 13 to 23. Respective responslbFlities of trustees and examiner The charivs trustees, who are also the dlrectors of Tees Valley Wildlife Trust for the purposes of company law, are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The Charit¢s gross income exceeded £250,000 and l am qualified to undertake the examlnation by being a qualified member of the Institute of Chartered Certified Accountsnts. Having satisfied myself that the Charity is not subject to audit under company law and is eligible for independent examination, it is my responsibillty to: examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5}{b) of the 2011 Act; and to state whether particular matters have come to my attention. Basls of Independent examinerfs report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or dlsclosures in the financial statements, and seeking explanations from you as trustee5 concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and falr VIe and the report Is limited to those matters set out In the next statement. Independent examinerfs statement In connection with my examination, no matter has come to my attentlon: la) whlch glves me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companles Act 2CQ6: and to prepare financial statements which accord with the accounting records, comply wlth the accountin8 reqUIrneDts of section 396 of the Companies Act 2006 and wlth the methods and principles of the Statement of Recommended PractSce: Accounting and Reporting by Charities; have not been met; or {b) to which, in my opinion, attention should be drawn in orderto enable a proper understandinB of the financial statements to be reached. C Mason FCCA Draycott & Kirk Chartered Accountants Cleveland House 92 Westgate Guisborough Cleveland TS14 6AP Dated: /z4Ly 12
Tees Valley Wildllfe Trust - Trustees Annual Report and Accounts STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT st FOR THE YEAR ENDED 31 MARCH 2024 Unrestrfcted funds 2024 Restslrted fund$ Totsl Totsl Notes Income from: Donations and legacies Charltable actlvities Investments Other income 3,367 194,232 14,567 1263 614,883 160 795,857 534 Total Income 198,133 807,057 I,(M35,190 617,346 Ex endlture on: Charltable artlvitie5 168,210 445,338 613,548 Net loutgolng>nncomlng resour5 before trdnsfer5 29,923 36L719 391,642 (46.912) Gross transfers between funds 14,669) Net Income/(expendlture) forthe year l Net moveff*nt in funds 34,592 357,050 391642 146,912) Fund balan5 at 1st April 2023 823,725 238,885 1,1%2,610 I,ICO,522 Fund ba1ceS at 3tst March 2024 858,317 595,935 1,454,252 l,L,610 The statement of financlal activitles Includes all galns and losses reco8nised in the year. All income and expenditure derive from continuing activities. The statement of flnanclal actlvltles also complies with the requirements for an income and expenditure account under the Companies Act 2006. 13
Tees Valley Wildlife Trust- Trustees Annual Report and Accounts BALANCE SHEEr AS A T31" MARCH 2024 Notes Fixed assets Tangible assets 827,929 81L684 Current assets Debtors 67,404 583,365 14,350 276,932 Cash at bank and In hand 650,769 291,282 Creditors: amounts talling due within one year 24,446 40,356 Net current assets Net assets 626 323 1,454,252 250,926 1,062,610 Income funds Restricted funds Unrestricted funds- general 14 595,935 317 238,885 823,725 1,454.252 1,062,610 The company Is entltled to the exemption from the audlt requirement contained in sectlon 477 of the Companies Act 2006, for the year ended 31" March 2024. The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with Section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affair5 of the . company a5 at the end of the financial year and of its incoming resources and applTcation of resour. including its income and expenditure, for the 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 statement5. So far as applicable to the company. The members have not required the company to obtain an audit of it5 financial statements for the year in question in accordance wlth section 476. These financial statements have been prepared in accordan with the provisions applicable to cornpanies subject to the small companies, regime. rh The finandal statements were approved by the Trustees on 25 July 2024. J Dear Chaimian Company Registration No. 1528307 14
Tees Valley Wildlife Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31" MARCH 2024 l. Accountlng policies Charity inforrnatlon Tees Valley Wildlife Trust is a private company limited by guarantee Incorporated in En8land and Wales. The reglstered office is Margrove Heritsge Centre, Margrove Park, Saltburn TS12 3BZ. Accounting conventlon The accounts have been prepared in accordance with the charity5 governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 1021" (as amended for accounting periods commencing from l January 2016). The charfty has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The flnanclal statements are prepared in sterlin& which is the funttional currency of the charity. Monetary amounts in these finanaal statements a rounded to the nearest £. The financial statements have been ppared under the historical cost convention. modified to include the revaluation of freehold properties and to include investment properties and rtain financial instruments at fair value. The principal accounting policies adopted are set out below. Going concern At the tlme of approving the financial statements, the trustees have a reasonable expectstion that the charity has adequate resources to contSnue in operatSonal existence for the foreseeable future. Thus, the trustees continue to adopt the going conrn basis of accounting in preparing the financlal statements. Charltable funds Unrestricted funds are avallable for u* at the discretion of the trustees in furtherance of thelr charitable objettives unless the funds have been desiBnated for other purposes. Restricted funds are subject to speclfic condltlons by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 15
Tees Valley Wildlife Trust-Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31" MARCH 2024 l. Accounting pollcies Incomè Income is recognised when the charty is legally entitled to it after any perfonnance conditions have been met, the amounts can be measured reliably, and it is probable thatthe income will be reived. Legacie5 are recognised at the earliest of the date the charity is notified of an impending distribution orof the legacy being reived. Cash donations a recognised as income In the year In which they are receivable any income tsx rècoverable in relation to donations ceiVed under Gift Aid or deeds of covenant is recognised at the time of the donation. Grants re1vable are sho¥vn gr05s and are reco8nised in the SOFA to the extent that they relate to the period up to the year end. Where funding has been given for a period that spans the year end, the amount that relates to the followlng perlod Is deferred and carried forward. Expenditure All expenditure is accounted for on an accruals basls and has been classified under the headings that aggregate all costs related to the category. Dirett charitable expenditure includes the direct costs of the attivities and depreciation on related assets. Where costs cannot be directly attributed to particular headings. they have been allocated to attivities on a basis consistent with the u of the sOurces. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. Tangible fixed assets Tangible fixed assets are initially measured at cost and Subsequently measured at cost or valuation, net of depreciation and any impairment loss. Gifted assets are included at fairvalue. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following ba*s: Freehold land Buildings Fixtures, fttings and equipment Motorvehides over 50 years over 12 years over 4 years Equipment purchases for restricted projects is written off in the year it is acquired due to the often short term nature of the projects. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and Is recognised in the net income/{expenditure) for the year. 16
Tees Valley Wildlrfe Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31" MARCH 2024 Accountlng policies (continued) Per6ion costs The company operates a defined contributlon scheme for the benefit of its employees. The costs of contributions a written off in the year they are payable. Retlrement beneffts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 2. Critical accounting estimates and Judgements In the application of the charitls 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 estlmates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimate5 are recognised in the perlod in whlch the estimate is revised where the rvdision affects only that period, or in the period of the revision and future periods where the revision affects both cUrnt and future periods. 17
Tees Valley Wildlife Trust - Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31" MARCH2024 3. Income from charitable artivities Unrestrirted funds Restrirted funds Total Total 2023 Conservation Education Mernbership 91,248 10,663 92,321 756,756 39,101 452,711 58,358 103,814 49,764 92,321 Total income 194,232 795,857 990,089 614,883 4. Expenditure on charitable artivities Unrestrlcted funds Restricted funds Totsl Total 24 Staff costs Dirert costs Premises costs offi costs 103,6Q3 24,172 17,254 14,281 319,950 125,388 423,559 149,560 17,254 14,281 398,139 222,752 17,816 16.284 Accountancy Legal fees Depreciation 1,182 4,712 168,210 1,182 4,712 613,548 1,584 4,683 664,258 Conservation Eduotlon Membershlp Core 2024 21459 7.115 17,254 14,281 Totsl 2023 398,139 222,752 17,816 16,284 Stsff costs Dirert costs Premises costs Office costs Accountancv Legal fees Depreciation 333,188 117,766 53.244 10.894 14,668 13.785 423.559 149,560 17.254 14,281 L182 4,712 613,548 4,712 70,1])3 450,954 64,138 28,453 Expenditure is allocated on a direct basis. 18
Tees Valley Wildlife Trust-Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31" MARCH 2024 5. Trustees None of the trustees {or any persons connected with them) reIVed any mUneratIOn or benefts from the charity during the year. 6. Employees No No The average monthly number of employee durlng the yearwas.. Management and administratlon Charitable artivities 14 15 17 18 The average number of FTE emplyees was: Management and administrdtion Conservation Education Fundraising and membership 14 14 Employment costs 2024 2023 Wages and salaries Social security costs Otherpension costs 381,987 25,433 16,139 358,648 24,226 15,265 423,559 398,139 There are no employees who received totsl employee benefits of more than £EIXKA). 19
'Tees Valley Wildllfe Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31" MARCH 2024 7. Pension costs The charity operates a defined contribution pension scheme in respect of certain employees. The scheme and it5 assets are held by independent managers. The pension charge for the year represents contributions due from the charity and amounted to £16.139 12023- £15,265). 8. Tangible fixed assets Fixtures, flttln85 & equipment Motor Lind Bulldlngs vehlcles Total At tst Aprll 2023 Addltions Disposals 740,084 96,973 18,335 17,458 23,010 878,402 20,958 At 3tst r+llarch 2024 740,084 96,973 35,793 26,510 899,360 Depredatlon and Impalrment At 1st April 2023 Disposals Depreaation charged in the year 28,276 17,982 66,718 1.432 352 1928 4,712 29,7[ 18,334 71.430 Carrylng amount At 3tst l+Aarch 2024 740.084 67.265 17.459 3,122 827,930 At 3tst March 2023 740,084 68,697 353 1550 811,684 9. Debtors 2023 Trade debtors 67,404 14,350 67,404 14,350 20
Tees Valley Wildlife Trust - Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31" MARCH 2024 10. Creditors: amounts falling due within one year Amounts falling due within one year: Trade creditors Taxation Other creditors Accruals and deferred income 8,9TI 6,879 5,59) 19.104 6,752 11,51J) 24,446 40,356 11. Financial commitments At 3tst March 2024, the company had the following commitments under nOn-CanlIable operatin8 le'ases: 2024 2023 Explry dats: Within lyear 2-5years 1,675 1,762 3,779 1,675 5,541 12.Guarantee The company is incorporated as a compary limited by guarantee and not having a share capital. The members of the company have each undertaken to contrlbute an amount not exceeding £1 towards any deficit arising in the eventof the company being wound up. This guarantee applies during the period of membership and extends one year after membership ceases. 13. Transfers between funds The transfers from restricted project funds to unrestricted funds represents management charges earned on projects and transfer of balances remaining on ceased projects. 21
'Tees Valley Wildlife Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS - FOR THE YEAR ENDED 31" MARCH 2024 14. Movement in funds Balance at L42ry23 Totsl Incomlng resources Resources expended Transfers Balance at 31.&2024 Total Restrlcted funds Consenrfatlon - main Conse rvation - landfill Education 221,336 767,928 (402,730) 587,613 17,549 39,129 (42,El)8) (5,7481 8,322 238,885 807,057 (445,3381 14,6691 595,935 Unrestricted funds General fund5 823,725 198,133 {168,2101 4,669 858,317 823,725 1,062,610 198,133 I,IX)5,190 1168,2101 {613,548) 858,317 L454,252 Total funds Restricted funds are resources held by Tees Valley Wildlife Trust Limited for specific purposes. Project balanS include the following: Conservation projects for which funds have been obtained to enable the Trust to manage and protect wikllife sites, habitsts and species: Projects which dellver the Trusvs conseNation objectives that are funded through the Landfill Communities Fund. The Tmst has been approved as an Environmentsl Body (reg. no: 310188) for the purpose of managing and distributing funds made available by landfill site operations under current legislation. Education projects, which are conducted with the alm of raising awareness of natural environment issues and promoting public understandin& enjoyment and involvement in nature and its conservation. 15. The National Lottery Community Fund There vdere no fund5 reiVed directly from the National Lottery Community Fund in 2023124. 22
Tees Valley Wildllfe Trust- Trustees Annual Report and Accounts NOTES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31" MARCH 2024 16. Analysis of net assets between funds Unrestrlcted funds Restrfcted funds Total Total 2024 Fund balances at 31st March 2024 are rePsented by: Tan8ible assets Current assets Current liabillties 812,515 63,317 {17,515) 15,414 587,453 (6,9321 827,929 650,770 {24,4471 811,684 291,282 {40,356) 858,317 595,935 1,454,252 I,C62,610 17. Contingent liabilities The incoming resources of the company include grants which are subject to various terms and conditions. There is a contingent liabilty to repay all or part of such grants should the company breach any of the terms and conditions under which the grants are made. However, the Board are not aware of any such arcumstances currently existing and therefore no provision is required. 23