annual report and accounts 2012 - RSPB

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RSPB trustees’ report and accounts 2011-12 Notes to the accounts 18 Statement of funds – charity and consolidated (continued) The Charity holds a 33% joint venture interest in Yayasan Konservasi Ekosistem Hutan, a non-profit organisation registered in Indonesia and established to facilitate the acquisition and management of the Harapan Rainforest, Sumatra. Based on the latest financial statements available for the year ending 31 December 2011, the Charity's share of the net assets, income and losses were £546,000, £538,000, and £35,000 respectively (2011: £551,000, £671,000 and £63,000). We are not aware of any transactions that would significantly alter these figures for the year ending 31 March 2012. The results have not been consolidated into the core financial statements; to do so would not materially alter them. During the year ended 31 March 2012, the Charity paid £2,067,864 (2011: £1,442,000) to Yayasan Konservasi Ekosistem Hutan of this, £245,647 was funded by the European Union. As at 31 March 2012, RSPB debtors and creditors in relation to Yayasan Konservasi Ekosistem Hutan were nil (2011: £207,000 loan repayable on demand) and nil(2011: nil) respectively. Unrestricted funds include free and general funds that are not designated for particular purposes. Designated funds comprise the Land Fund which represents land and buildings purchased using unrestricted funds including the investment in March Farmers (Washland) Limited. Restricted funds comprise: • The Nature reserves fund represents the historic cost of nature reserves acquired using restricted funds and a further £2,158,000 (2011: £2,931,000) held for specific future acquisitions. • The other funds held for charitable objectives include grants received of £1,597,000 (2011: £1,647,000) in advance of the associated work being carried out. Endowment funds comprise the following expendable endowments: • The Hanson Environment Fund granted an endowment of £1,000,000 in 2002 for the creation and management of Needingworth Wetland Nature Reserve. Investment income, net of fees, for this endowment is currently accruing to the fund. During the year, £46,000 (2011: £6,000) was expended on the Nature Reserve. • The Homes and Communities Agency’s Parklands Funding, administered by Essex County Council, granted an endowment of £1,444,000 in 2011 to create and enhance a high quality landscape on the South Essex Marsh of which, £1,162,000 (2011: £282,000) was spent during the year. www.rspb.org.uk 37
RSPB trustees’ report and accounts 2011-12 Notes to the accounts 19 Analysis of net assets between funds The trustees consider that sufficient resources are held in a suitable form to enable them to be applied in accordance with any restrictions imposed, as set out below: Unrestricted funds Restricted) Endowment) Total) General( Designated) funds) funds) funds) £’000( £’000( £’000) £’000) £’000) Asset type: Nature reserves -) 35,681) 89,715) -) 125,396) Other tangible assets 4,117) -) 602) -) 4,719) Investments 15,026) -) 13,556) 2,135) 30,717) Current assets 27,444) -) -) -) 27,444) Current liabilities (8,317) -) (2,625) -) (10,942) Long term liabilities (910) -) (3,490) -) (4,400) _______( _______( _______( _______( _______( Net assets excluding pension liability 37,360) 35,681) 97,758) 2,135) 172,934) Pension liability (46,752) -) -) -) (46,752) _______( _______( _______( _______( _______( Net assets (9,392) 35,681) 97,758) 2,135) 126,182) _______( _______( _______( _______( _______( Free reserves which are available to be applied at the discretion of the trustees are held as investments or working capital: Unrestricted funds Restricted Endowment Total General Designated funds) )funds) ) funds) £’000) £’000) £’000) £’000) £’000) Net assets excluding pension liability 37,360) 35,681) 97,758) 2,135) 172,934) Less : Operating assets: Nature reserves )- (35,681) (89,715) )-( (125,396) Other tangible assets (4,117) -) (602) -( (4,719) _______( _______( _______( _______( _______( Available reserves 33,243) -) 7,441) 2,135) 42,819) Less : Held for specific purposes: Restricted and endowment -) -) (7,441) (2,135) (9,576) Working capital requirements (6,323) -) )-( -) (6,323) Threat fund (9,381) -) )-( -) (9,381) _______( _______( _______( _______( _______( Free reserves 17,539) -) -) -) 17,539) _______( _______( _______( _______( _______( 20 Connected charities The RSPB is one of the global partners in BirdLife International (registered charity number 1042125), an umbrella organisation for entities with similar objectives throughout the world. Further information about this organisation can be obtained by writing to BirdLife International at Wellbrook Court, Girton Road, Cambridge CB3 0NA. 38 www.rspb.org.uk
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