annual report and accounts 2012 - RSPB

RSPB trustees’ report and accounts 2011-12
Operating statement
Operating statement
for the year ended 31 March 2012
Income (
Membership subscriptions and donations 39.0) 39.2)
Grants, corporates and trusts 26.8) 29.7(
Legacies 27.1) 27.5)
Commercial trading 20.4) 0 20.9)
Land rents, farming and advisory 5.8( 4.5)
Financial income - profit on sale of fixed assets and interest 0.6) 0.7)
Total income )119.7( 122.5)
Cost of generating income
Cost of goods for resale 12.5( 12.8)
Other cost of generating income 17.9( 15.7)
Total cost of generating income 30.4( 28.5)
Net income available for charitable purposes )89.3( 94.0)
Expenditure on charitable purposes
Acquisition of nature reserves and operating assets 4.0) 3.0)
Conservation on RSPB nature reserves 29.3( 28.9)
Conservation – research, policy and advisory
Education and communication
Membership services and enquiries
Governance
34.2(
13.6(
4.1(
0.5(
33.7)
13.3)
4.0)
0.5)
Total expenditure on charitable activities 85.7( 83.4)
2012(
£m(
2011(
£m(
Net operating income
3.6(
10.6)
Other movements
Investment assets
Pension scheme
Stock, debtors and creditors
Total other movements (1.0) (5.9)
Movement in cash and investments 2.6) 4.7)
0.0.1(
(2.9)
1.8)
0.9)
(2.4)
(4.4)
Statement of net assets
as at 31 March 2012
Nature reserves 125.4) 121.7)
Operating assets 4.7) 4.3)
2012(
£m(
2011(
£m(
Cash and investments
Stock, debtors and creditors
Pension liability
37.4)
5.4)
(46.7)
34.8)
7.2)
(33.5)
Net assets 126.2) 134.5)
Financial reserves
as at 31 March 2012
Available financial reserves at the start of the period 42.0) 32.9)
Net operating income
Movement in investment assets and pension scheme
3.6)
(2.8)
10.6)
(1.5)
Available financial reserves for future activities 42.8) 42.0)
Held for specific purposes (25.3) (28.5)
Free financial reserves 17.5) 13.5)
2012(
£m(
2011(
£m(
Representing future expenditure cover of 11 weeks 9 weeks
i
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