THE_IRISH_GROUSE_CONSERVA - Accounts

The Trustees present their report and accounts for the year ended 31 March 2019.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Trust's Memorandum and Articles of Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

The Trust's objects as set out in the Memorandum and Articles of Association are to conserve the depleted grouse populations and their natural upland habitats in Ireland.

IGCT's aims are as follows:

- To create a sustainable and viable Grouse Moor, while at the same time improving habitat and biodiversity for other upland species.

- To play our part in helping to resolve the longstanding hen harrier/red grouse debate on the basis of an equal partnership of all interested parties.

- To raise awareness: The IGCT aims to educate and demonstrate best practice in upland management in partnership with DARD (Greenmont Agricultural College).

- A window of opportunity exists to form partnerships with land owners, government bodies and others to improve farming practices and conservation, and help fulfil EU objectives specific to Ireland

The IGCT created a unique partnership in the United Kingdom context with the Department of Agriculture, Environment & Rural Development (DAERA), the RSPB, the Northern Ireland Environment Agency (NIEA) and local stakeholders. This group is called the Glenwherry Heathland Regeneration Partnership, with IGCT representation from both Adrian Morrow (Managing Director) and Alex Rogers (Gamekeeper). The GHRP meets quarterly and has finalised a Master Plan, which we are in our fifth year of.

The Master Plan aims to inform and if necessary, change current DAERA policy regarding their Countryside Management Scheme (CMS), which is currently rolled out throughout Northern Ireland on a uniform basis. The current CMS does not take into consideration habitat management practices for the regeneration of Grouse i.e. stocking densities, grazing regimes and Moorland management practices. Landowners who are not signed up to the CMS are currently exempt from any European legislation. This arrangement is anomalous and, in our view, policy needs to become more aligned and coherent.

The Master Plan is the most significant achievement to date. It is hoped this document will result in a change in government legislation, as enforced by DAERA, mainly in relation to the burning of “blanket bog” which is currently prohibited within the Countryside Management Scheme (CMS) but allowed outside the scheme. We remain confident that research over the next few years will prove beyond doubt that the burning of “blanket bog” can deliver a benefit both for heath land regeneration and wildlife. To date the Heather Management Project has proven a significant increase of heather, up to 10%, in upland habitat across the project site. We also provide consultation to Northern Ireland Fire Service regarding wildfires and controlled heather burning.

RSPB have been supportive and helpful to the IGCT in negotiations with other parties over the Master Plan. The Game and Wildlife Conservation Trust (G&WCT) have followed our progress and expressed interest in exploring the possibility of partnering with us as we plan for the next five years (2012-17). The IGCT has helped to initiate implementation of the DEARA 2003 Red Grouse Action Plan. There is also strong support for the work of IGCT from local stakeholders as it will bring clarity to the current policy and may provide opportunities for further diversification of farming activities.

We have been the main advisory body helping DEARA to put forward a Red Grouse Action Plan Delivery Group. This Group has made several presentations to Government Ministers to date, namely Edwin Poots (DEARA) and Michelle Gildernew (DEARA). The IGCT is the leading agricultural body in Northern Ireland who can help Government fulfil EU Policies for both Grouse and Raptors. If adopted, the Master Plan will be used to set policy within Northern Ireland to assist upland management.

The IGCT is working successfully within an SPA (Special Protection Area) and has successfully increased Grouse numbers by 1800% since inception.

The IGCT facilitates a Gamekeepers Course held at Greenmount which has proven very successful and is now in its fourth year.

The IGCT has achieved a considerable amount in the short time that it has been around. Relying entirely on the generosity of its founding subscribers, the Trust has successfully managed to get the first project to save the Irish Grouse underway. The success of the project at Glenwherry has attracted the attention of government bodies and will assist in their obligations to fulfil EU objectives and the case for directing resources towards investment into the management of Ireland's uplands has gathered pace.

It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Trustees have assessed the major risks to which the Trust is exposed, and are satisfied that systems are in place to mitigate exposure.

The Trust is a company limited by guarantee.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Board of Directors operates as detailed in the governing document for the charity, its Memorandum and

Articles of Association.

No preference dividends were paid. The directors do not recommend payment of a final dividend.

The Trustees' report was approved by the Board of Trustees.

We report on the accounts of the Trust for the year ended 31 March 2019, which are set out on pages 7 to 16.

The trustees, who are also the directors of The Irish Grouse Conservation Trust for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

Having satisfied ourselves that the charity is not subject to audit under company law, and is eligible for independent examination, it is our responsibility to:

examine the accounts under section 65 of the Charities Act

follow the procedures laid down in the general directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act

We have examined your charity accounts as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters.

Our role is to state whether any material matters have come to our attention giving us cause to believe:

1. That accounting records were not kept in accordance with section 386 of the Companies Act 2006

2. That the accounts do not accord with those accounting records

3. That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the 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

4. That there is further information needed for a proper understanding of the accounts to be reached.

In connection with our examination, no matter has come to my attention:

which gives us reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 386 of the Companies Act 2006; and

to prepare financial statements which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities;

to which, in our opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2019. Company members have not required the company to obtain an audit of these financial statements persuant to section 476 of the Companies Act 2006.

The Trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 company.

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

The Irish Grouse Conservation Trust is a private company limited by guarantee incorporated in Northern Ireland. The registered office is Castle Demesne, Glenarm, Co Antrim, BT44 0BD.

The financial statements have been prepared in accordance with the Trust's Memorandum of Articles and Association, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The Trust is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Trust. Monetary amounts in these financial statements are rounded to the nearest £.

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the Trust’s contractual obligations expire or are discharged or cancelled.

In the application of the Trust’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Donations

Gift aid refund

Organised shoots

Other income

Power, light and heat

Repairs and maintenance

Premises insurance

Computer running costs

Motor

Printing, postage and stationery

Telecommunications

Sundry

Bank charges

Dog food

Governance costs includes payments to the independent examiners of £1,526 (2018- £1,466) for independent examination fees.

The average monthly number of employees during the year was:

There were no disclosable related party transactions during the year (2018 - none).