annual report and accounts 2012 - RSPB
annual report and accounts 2012 - RSPB
annual report and accounts 2012 - RSPB
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<strong>RSPB</strong> trustees’ <strong>report</strong> <strong>and</strong> <strong>accounts</strong> 2011-12<br />
Notes to the <strong>accounts</strong><br />
18 Statement of funds – charity <strong>and</strong> consolidated (continued)<br />
The Charity holds a 33% joint venture interest in Yayasan Konservasi Ekosistem Hutan, a non-profit<br />
organisation registered in Indonesia <strong>and</strong> established to facilitate the acquisition <strong>and</strong> management of the<br />
Harapan Rainforest, Sumatra. Based on the latest financial statements available for the year ending 31<br />
December 2011, the Charity's share of the net assets, income <strong>and</strong> losses were £546,000, £538,000, <strong>and</strong><br />
£35,000 respectively (2011: £551,000, £671,000 <strong>and</strong> £63,000). We are not aware of any transactions that<br />
would significantly alter these figures for the year ending 31 March <strong>2012</strong>. The results have not been<br />
consolidated into the core financial statements; to do so would not materially alter them.<br />
During the year ended 31 March <strong>2012</strong>, the Charity paid £2,067,864 (2011: £1,442,000) to Yayasan Konservasi<br />
Ekosistem Hutan of this, £245,647 was funded by the European Union. As at 31 March <strong>2012</strong>, <strong>RSPB</strong> debtors<br />
<strong>and</strong> creditors in relation to Yayasan Konservasi Ekosistem Hutan were nil (2011: £207,000 loan repayable<br />
on dem<strong>and</strong>) <strong>and</strong> nil(2011: nil) respectively.<br />
Unrestricted funds include free <strong>and</strong> general funds that are not designated for particular purposes.<br />
Designated funds comprise the L<strong>and</strong> Fund which represents l<strong>and</strong> <strong>and</strong> buildings purchased using<br />
unrestricted funds including the investment in March Farmers (Washl<strong>and</strong>) Limited.<br />
Restricted funds comprise:<br />
• The Nature reserves fund represents the historic cost of nature reserves acquired using restricted funds<br />
<strong>and</strong> a further £2,158,000 (2011: £2,931,000) held for specific future acquisitions.<br />
• The other funds held for charitable objectives include grants received of £1,597,000 (2011: £1,647,000) in<br />
advance of the associated work being carried out.<br />
Endowment funds comprise the following expendable endowments:<br />
• The Hanson Environment Fund granted an endowment of £1,000,000 in 2002 for the creation <strong>and</strong><br />
management of Needingworth Wetl<strong>and</strong> Nature Reserve. Investment income, net of fees, for this<br />
endowment is currently accruing to the fund. During the year, £46,000 (2011: £6,000) was expended on<br />
the Nature Reserve.<br />
• The Homes <strong>and</strong> Communities Agency’s Parkl<strong>and</strong>s Funding, administered by Essex County Council,<br />
granted an endowment of £1,444,000 in 2011 to create <strong>and</strong> enhance a high quality l<strong>and</strong>scape on the<br />
South Essex Marsh of which, £1,162,000 (2011: £282,000) was spent during the year.<br />
www.rspb.org.uk 37
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