The Anguilla National Trust reported total assets of EC$2.88 million at the end of 2022, according to its latest annual financial statements.
The audited report, which was laid before the Anguilla House of Assembly on 28 April, showed an asset increase from $2.10m in 2021, driven largely by property holdings.
The trust owns Big Spring Heritage Site in East End, East End Pond Conservation Area, the Old Customs Building in The Valley, the Old East End School Building and the Old Police Station in Fort Hill.
It also has responsibility for just under 24 acres of donated land across the east and south central areas of Anguilla.
Property accounted for $1.98m of the asset total – up from $1.18m the previous year – while plant and equipment assets, such as computers and vehicles, were down at $169,196 from $185,094.
Cash holdings stood at $663,907, down from $697,826, and accounts receivable were $58,065 compared to $38,710 in 2021. Total liabilities remained low at just $6,750 for the audit fee.
Government input
In its 15-page report, the trust recorded total income of $393,629 in 2022, with $360,000 – about 91% – coming from government grants in the form of fixed quarterly subventions.
Other income sources included donations of $19,546, membership dues of $3,379, investment income of $518, merchandise sales of $306 and ‘other income’ of $9,880.
Staff salaries and associated costs accounted for the majority of administrative spending at $254,571, followed by repairs and maintenance at $26,124, and utilities at $24,706.
Depreciation accounted for $23,137, office expenses amounted to $14,351, overseas travel and training cost $10,509, local training totalled $9,868, and professional services came to $6,314.
Overall expenditure totalled $391,887 – up from $352,708 – resulting in a modest surplus of $1,742 for the year.
Project funding removed
The 2022 figures are not directly comparable with those from the 2021 financial statements, also presented to the assembly this week, due to a change in how project funding is reported.
In 2021, the trust recorded more than $1m in project-related income and expenditure linked to externally funded conservation programmes.
From 2022, these projects are accounted for separately and audited individually to ensure compliance with grant requirements, meaning they no longer appear in the core financial statements.
This resulted in a significantly smaller reported income and expenditure base focused on the trust’s core operations.
The financial statements were independently audited by KPB Chartered Accountants from Dominica in accordance with the International Standards on Auditing.
