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WWT Report and Financial Statements 2012/13
This level will be set according to the Trustees’
assessment of risks affecting the organisation. The
current contingency reserve level has been estimated
at £6.1m and this has been set aside together with the
FRS17 defined benefit pension deficit. The Council has
also set aside a fixed asset reserve, which represents the
net book value of unrestricted fixed assets that cannot
be easily disposed of as these are not liquid resources
immediately available to the charity. This fund totalled
£3.2m as at 31 March 2013.
The Council set aside a further designated fund in a
planned projects reserve to fund significant projects due
to be invested in by the charity over the next few years as
part of WWT’s strategic plan. Many projects are complete;
a few remaining projects are now being funded by
legacies, so the fund is no longer needed.
The remaining unrestricted funds are held within the
general fund. Totalling £0.9m, some of this is also due to
be invested in the charity over the next few years, as part
of WWT’s strategic plan. Details of this plan are set out in
the ‘Future Plans’ section at the end of this report.
Total funds now stand at £29.8m, a decrease of £2.3m
compared with 31 March 2012.
Photo: Flood lit feed at Welney wetland centre, © WWT / Sacha Denc
