AnnualReportfor20251SeptCOMP2026 - Flipbook - Page 44
Notes to the Financial Statements
for the year ended 31 December 2025
18 Statement of Funds – Current Year Continued
Balance at
1 January
2025 (£)
Income
Expenditure
(£)
(£)
13,513
-
(118)
-
-
13,395
Pine Marten Projects
-
1,685
(22)
-
-
1,663
Martens on the Move
926,677
28,560
(305,257)
-
-
649,980
European Mustelid
Colloquium
-
1,176
-
-
-
1,176
Forest of Dean
-
-
(394)
394
-
-
Wildcat
38,414
19,630
(62,908)
4,864
-
-
Horseshoes Heading East
(48,253)
122,528
(100,636)
26,362
-
1
-
987,929
(53,082)
Bat Reserves and Projects
52,213
27,923
(34,983)
-
-
45,153
Romanian Mink
34,197
(3,622)
(36,241)
5,666
-
-
Native Woodland Scheme
30,508
-
(11,188)
-
-
19,320
Forest Research
4,554
3,425
(4,044)
-
-
3,935
Hibernation Project
1,523
-
-
(1,523)
-
-
Natur am Byth!
13,246
82,601
(60,362)
-
-
35,485
-
-
(3,052)
3,052
-
-
FCS – Pine Marten
798
-
-
(798)
-
-
Ireland core activity
19
45,897
(85,351)
39,435
-
-
Total Restricted Funds
1,067,409 1,317,732
(757,638)
77,452
-
1,704,955
Total of Funds
22,781,117 1,531,995
(1,679,464)
-
2,692,783
25,326,431
18 Statement of Funds
– Current Year
Transfers Gains/(Losses)
In/Out
(£)
(£)
Balance at
31 December
2025 (£)
Restricted Funds
Mulkear EIP
Landscape for Lessers
Irish Stoat
934,847
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 £20,645,000 (2024: £18,745,000) 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 £700,000 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 2025
