AnnualReportfor2024Final2025 - Flipbook - Page 44
Notes to the Financial Statements
for the year ended 31 December 2024
18 Statement of Funds – Current Year Continued
Balance at
1 January
2024 (£)
Income
Expenditure
(£)
(£)
Mulkear EIP
18,034
-
(4,521)
-
-
13,513
Pine Marten Projects
1,248
4,316
(3,668)
(1,896)
-
0
Martens on the Move
1,185,913
20,265
(279,501)
-
-
926,677
Forest of Dean
-
-
(445)
445
-
-
Wildcat
-
101,307
(62,893)
-
-
38,414
Horseshoes Heading
East
-
241,540
(205,943)
(83,850)
-
(48,253)
Bat Reserves and Projects
29,851
65,089
(41,289)
(1,437)
-
52,213
Romanian Mink
55,542
(4,432)
(16,913)
-
-
34,197
Native Woodland
Scheme
102,362
22,351
(3,238)
(90,967)
-
30,508
Forest Research
1,225
11,700
(8,371)
-
-
4,554
Hibernation Project
1,523
-
-
-
-
1,523
Natur am Byth!
1,125
76,929
(64,808)
-
-
13,246
Back On Our Map
233
-
-
(233)
-
-
1,463
7,580
(12,730)
3,687
-
-
798
-
-
-
-
798
(2,015)
-
-
2,015
-
-
-
34,915
(77,251)
42,355
-
19
Total Restricted Funds
1,397,302
581,560
(781,572)
(129,881)
-
1,067,409
Total of Funds
21,767,206
929,344
(1,665,300)
-
1,749,867
22,781,117
18 Statement of Funds
– Current Year
Transfers Gains/(Losses)
In/Out
(£)
(£)
Balance at
31 December
2024 (£)
Restricted Funds
Irish Stoat
FCS – Pine Marten
National Barbastelle and
Bechsteins Survey
Ireland core activity
Restricted Funds
Restricted income funds held by the charity are made up of individual giving as well as grant funding from charitable trusts and partner
organisations in support of the speci昀椀c projects listed. These restricted projects contribute to the delivery of the Trusts’
Ten-Year Strategy through evidence led research and conservation of threatened mammals in Britain, Ireland and Continental Europe.
Designated Funds
The Core Financing Fund of £18,745,000 (2023: £17,745,00) comprises assets forming part of the Charity’s investment portfolio
and short term deposits. VWT will continue to monitor the investment income to ensure long term security for the charity, this
clearly depends on the direction of investment returns. VWT needs to generate at least £600,000 per annum to fund the core
conservation programmes. When investment returns are positive the income may be increased to enable the development of
further programmes to deliver the Ten-Year Strategy. The investments underlying this designated fund have been earmarked,
therefore, to provide a continuing source of income from which to fund such essential expenditure and thereby help ensure the
future of the Charity’s day-to-day work.
The Bat Reserves Fund equates to the net book value of the Charity’s freehold and leasehold bat reserves. The existence of this fund
highlights the fact that the bat reserves are integral to the Charity being able to achieve its charitable objectives and as such their value
should not be regarded as funds that would be ordinarily deemed as realisable in order to meet future operating expenditure.
44 Vincent Wildlife Trust Annual Report and Financial Statements 2024
