Photo by Liz Cummins
The Trust receives two main types of income- restricted (for specific projects) and unrestricted (for the ongoing delivery of our charitable objectives). We draw on a variety of funding sources to cover the costs of conservation projects, education and awareness work, and managing our network of nature reserves.
Wildlife Trusts Wales is unique because we receive restricted funds from funders and partners to be distributed to the six Wildlife Trusts in Wales: North Wales, Montgomeryshire, Radnorshire, Brecknock, Gwent and South and West Wales. Each of these organisations is an autonomous charity and their financial information can be viewed on their websites.
Wildlife Trusts Wales draws on a variety of funding sources to cover the costs of awareness work, marine advocacy, developing landscape scale conservation and influencing key partners. We also receive grants for posts we host for other conservation organisations that include Environment Wales and Wales Biodiversity Partnership. We also share office costs with Wales Environment Link, Royal Horticultural Society and Marine Conservation Society to reduce our expenditure.
Sources of income 2013/2014
This type of income is extremely important because we can use it wherever the need is greatest to help protect wildlife. Our main sources of unrestricted income include:
- People's Postcode Lottery
- Membership subscriptions from the six Wildlife Trusts in Wales
The Trust also receives income from grant funders, public bodies and partner organisations that is related to the delivery of specific projects. Sources of restricted funding include:
- Natural Resources Wales
- Tubney Charitable Trust
- Royal Society of Wildlife Trusts
- The Co-operative
Restricted income is becoming increasingly difficult to secure, in part due to cuts in public sector funding but also because of increased competition.
The vast majority of our expenditure £873,347 (92%) is on delivery of our charitable purposes for the benefit of wildlife in Wales. We work hard to keep our administration and running costs to a minimum, spending £58,373 (6%) on administration and £17,198 (2%) on governance.