IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.1.24 31.12.24 31.12.24 FY J Arnfield G J Walker FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053222942023-12-31053222942024-12-31053222942024-01-012024-12-31053222942022-12-31053222942023-01-012023-12-31053222942023-12-3105322294ns0:CharitableCompanyLimitedByGuarantee2024-01-012024-12-3105322294ns15:PoundSterling2024-01-012024-12-3105322294ns0:Trustee22024-01-012024-12-3105322294ns0:Trustee12024-01-012024-12-3105322294ns11:FRS1022024-01-012024-12-3105322294ns11:IndependentExaminationCharity2024-01-012024-12-3105322294ns11:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105322294ns11:FullAccounts2024-01-012024-12-3105322294ns11:CharitiesSORP2024-01-012024-12-3105322294ns16:EnglandWales2024-01-012024-12-3105322294ns11:RegisteredOffice2024-01-012024-12-3105322294ns11:CompanySecretary12024-01-012024-12-3105322294ns0:Activity82024-01-012024-12-3105322294ns0:Activity82023-01-012023-12-3105322294ns0:Activity92024-01-012024-12-3105322294ns0:Activity92023-01-012023-12-3105322294ns10:WithinOneYear2024-12-3105322294ns10:WithinOneYear2023-12-3105322294ns0:TotalUnrestrictedFunds2024-12-310532229422024-01-012024-12-310532229432024-01-012024-12-3105322294ns10:ListedExchangeTradedns10:CostValuation2023-12-3105322294ns10:RevaluationsIncreaseDecreaseInInvestmentsns10:ListedExchangeTraded2024-12-3105322294ns10:ListedExchangeTradedns10:CostValuation2024-12-3105322294ns0:TotalUnrestrictedFunds2023-12-3105322294ns0:TotalUnrestrictedFunds2024-01-012024-12-31
REGISTERED COMPANY NUMBER: 05322294 (England and Wales)
REGISTERED CHARITY NUMBER: 1108166

















Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Shropshire Ornithological Society 2005

Shropshire Ornithological Society 2005






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 13

Shropshire Ornithological Society 2005 (Registered number: 05322294)

Report of the Trustees
for the year ended 31 December 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
To encourage the study and protection of birds in Shropshire and co-operate in such matters with national and local bodies, education authorities and others.

One of the main objectives of the society is to expand its Venus Pool Nature Reserve through land acquisition, including through land purchase, and the cash reserves are maintained and prioritised for this purpose.

Public benefit
The Company is active in the advancement of:
a. Heritage and environmental protection
b. Environmental improvement
c. Animal welfare
d. Education in connection with the above matters

FINANCIAL REVIEW
Investment policy and objectives
The Investment Policy is to invest in funds maintained as available to charities (Charities Official Investment Funds - COIF).
The Funds are administered by the CCLA (Churches, Charities and Local Authorities) Funds.

Reserves policy
The General Reserve will:
a. Cover any short term deficit in the operation of the Company
b. Retain funds appropriate to support future educational activities and initiatives
c. Retain funds to support the Conservation Fund in carrying out future projects and land acquisition

The Conservation Fund will:
a. Cover any short term deficit in the conservation projects carried out by the Company
b. Accumulate funds to enable the Company to develop its existing land holdings
c. Accumulate funds to enable the Company to acquire and develop additional land holdings

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Risk management
The Directors of the Company, who are also the Charity's Trustees, have a duty to identify and review the risks to which the company is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.


Shropshire Ornithological Society 2005 (Registered number: 05322294)

Report of the Trustees
for the year ended 31 December 2024

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05322294 (England and Wales)

Registered Charity number
1108166

Registered office
1 Bank Drive
Dorrington
Shrewsbury
Shropshire
SY5 7JH

Trustees
Graham Walker Chairman
Miriam Elliot-Smith Company secretary

John Arnfield
Susan Brealey
Tim Devanney
Helen Griffiths
Claire Mulvey
Jean Rickard
Christopher Whittles

James Almond resigned 03.08.24



Company Secretary
Ms M C Elliot-Smith

Independent Examiner
H Pierce FCA
WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Bankers
CAF Bank
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

Shropshire Ornithological Society 2005 (Registered number: 05322294)

Report of the Trustees
for the year ended 31 December 2024


Approved by order of the board of trustees on 11 April 2025 and signed on its behalf by:





G J Walker - Trustee

Independent Examiner's Report to the Trustees of
Shropshire Ornithological Society 2005

Independent examiner's report to the trustees of Shropshire Ornithological Society 2005 ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








H Pierce FCA

WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

11 April 2025

Shropshire Ornithological Society 2005

Statement of Financial Activities
for the year ended 31 December 2024

2024 2023
Unrestricted Total
funds funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 13,319 26,600

Investment income 2 16,198 14,544
Total 29,517 41,144

EXPENDITURE ON
Charitable activities
General fund 20,442 14,243
Conservation 10,635 4,788

Other 216 420
Total 31,293 19,451

Net gains on investments 8,689 22,514

NET INCOME 6,913 44,207


RECONCILIATION OF FUNDS
Total funds brought forward 458,113 413,906

TOTAL FUNDS CARRIED FORWARD 465,026 458,113

Shropshire Ornithological Society 2005 (Registered number: 05322294)

Balance Sheet
31 December 2024

2024 2023
Unrestricted Total
funds funds
Notes £    £   
FIXED ASSETS
Investments 5 227,473 218,784

CURRENT ASSETS
Debtors 6 336 5,181
Cash at bank 245,633 248,422
245,969 253,603

CREDITORS
Amounts falling due within one year 7 (8,416 ) (14,274 )

NET CURRENT ASSETS 237,553 239,329

TOTAL ASSETS LESS CURRENT LIABILITIES 465,026 458,113

NET ASSETS 465,026 458,113
FUNDS 8
Unrestricted funds 465,026 458,113
TOTAL FUNDS 465,026 458,113

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Shropshire Ornithological Society 2005 (Registered number: 05322294)

Balance Sheet - continued
31 December 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 11 April 2025 and were signed on its behalf by:





G J Walker - Trustee

Shropshire Ornithological Society 2005

Notes to the Financial Statements
for the year ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments
The company has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.
Financial assets are derecognised when (a) a contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.


Shropshire Ornithological Society 2005

Notes to the Financial Statements - continued
for the year ended 31 December 2024

1. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

2. INVESTMENT INCOME
2024 2023
£    £   
Interest and dividends 16,198 14,544

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.


4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricte
funds
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 26,600

Investment income 14,544
Total 41,144

EXPENDITURE ON
Charitable activities
General fund 14,243
Conservation 4,788

Other 420
Total 19,451

Net gains on investments 22,514


Shropshire Ornithological Society 2005

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricte
funds
£   
NET INCOME 44,207


RECONCILIATION OF FUNDS
Total funds brought forward 413,906

TOTAL FUNDS CARRIED FORWARD 458,113

5. FIXED ASSET INVESTMENTS
Listed
investment
£   
MARKET VALUE
At 1 January 2024 218,784
Revaluations 8,689
At 31 December 2024 227,473
NET BOOK VALUE
At 31 December 2024 227,473
At 31 December 2023 218,784

There were no investment assets outside the UK.

Cost or valuation at 31 December 2024 is represented by:

Listed
investment
£   
Valuation in 2022 (3,730 )
Valuation in 2023 22,514
Valuation in 2024 8,689
Cost 200,000
227,473


Shropshire Ornithological Society 2005

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 130
Other debtors - 4,730
Prepayments and accrued income 336 321
336 5,181

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,000 7,000
Subscriptions in advance - 852
Accruals and deferred income 1,416 6,422
8,416 14,274

8. MOVEMENT IN FUNDS
Net
movement At
At 1.1.24 in funds 31.12.24
£    £    £   
Unrestricted funds
General fund 103,422 4,229 107,651
Designated fund for conservation
purposes

354,691

2,684

357,375
458,113 6,913 465,026
TOTAL FUNDS 458,113 6,913 465,026

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 16,198 (20,658 ) 8,689 4,229
Designated fund for conservation
purposes

13,319

(10,635

)

-

2,684
29,517 (31,293 ) 8,689 6,913
TOTAL FUNDS 29,517 (31,293 ) 8,689 6,913


Shropshire Ornithological Society 2005

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 67,012 36,410 103,422
Designated fund for conservation
purposes

346,894

7,797

354,691
413,906 44,207 458,113
TOTAL FUNDS 413,906 44,207 458,113

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 28,559 (14,663 ) 22,514 36,410
Designated fund for conservation
purposes

12,585

(4,788

)

-

7,797
41,144 (19,451 ) 22,514 44,207
TOTAL FUNDS 41,144 (19,451 ) 22,514 44,207

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.23 in funds 31.12.24
£    £    £   
Unrestricted funds
General fund 67,012 40,639 107,651
Designated fund for conservation
purposes

346,894

10,481

357,375
413,906 51,120 465,026
TOTAL FUNDS 413,906 51,120 465,026

Shropshire Ornithological Society 2005

Notes to the Financial Statements - continued
for the year ended 31 December 2024

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 44,757 (35,321 ) 31,203 40,639
Designated fund for conservation
purposes

25,904

(15,423

)

-

10,481
70,661 (50,744 ) 31,203 51,120
TOTAL FUNDS 70,661 (50,744 ) 31,203 51,120

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

10. COMPANY LIMITED BY GUARANTEE

The Company is a company limited by guarantee, and does not therefore have a Share Capital. The members each undertake to subscribe £1.00 in the event of the Company becoming insolvent on a winding up.

11. DIRECTORS' INDEMNITY

The company has entered into an Indemnity Insurance at a cost of £452 (2023 £279) to cover liabilities incurred by the Directors in the conduct of the Company's affairs.