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2022-03-31-accounts

Finance Review 17
Structure, Governance and Management 20
Charity Information 23
Statutory
Information		 24
Our Thanks 26
Independent
Auditors Report		 27
Consolidated
Statement		 offinancial activity 31
Consolidated
Balance Sheets		 32
Charity Balance Sheets 34
Consolidated
Cash flow		 36
Summary
ofFixed Assets		 37
Notes to the Financial Statements 38

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The Wildlife Trust for Bedfordshire, Bedfordshire, Cambridgeshire and Northamptonshire and Northamptonshire
Consolidated
statement offinancial		 activities incorporating the income and expenditure account for the year
ended 31 March 2022
Unrestricted Restricted Total Total
Funds Funds
2022 2021
E E E
Income and endowments from:
Voluntary
Income		 3 3,837,288 126,412 3,963,700 1,984,213
Charitable
activities		 4 1,279,725 1,814,439 3,094,164 3,189,482
Interest
& Investments		 6 75,022 41 75,063 63,608
Government
Grant		 5 3,935 3,935 162,254
5,195,970 1,940,892 7,136,862 5,399,557
Expenditure
on:
Raising Funds 1,077,556 1,077,556 702,187
Charitable
activities		 3,018,443 1,741,956 4,760,399 4,325,587
Total 7 4,095,999 1,741,956 5,837,955 5,027,774
Profit/(loss)
on disposal offixed
assets 1,000 1,000 4,000
Net income/(expenditure) 1,100,971 198,936 1,299,907 375,783
Transfers
between
funds		 19129 521 942 ~521,942
Net Incoming resources before
other recognised
gains or
losses 1,622,913 (323,006) 1,299,907 375,783
Other recognised
gains/(losses):
Unrealised
gain/(loss)
on		 68,828 68,828 314,884
investments
Actuarial gains on defined benefit 62,316 62,316 34,547
pension scheme
Net movement
in funds		 1,754,057 (323,006) 1,431,051 725,214
Reconciliation offunds:
Total funds brought forward 5,898,149 18,328,003 24,226,152 23,500,938
Total funds carried forward 21 7,652,206 18,004,997 25,657,203 24,226,152

2022 2021
Notes
Fixed Assets
Tangible aSSetS (Page 37) 4,324,819 4,157,603
Heritage assets 11 14,065,414 14,043,269
Intangible
assets		 12 59,894 76,074
Total fixed assets 18,450,127 18,276,946
Current assets
Stocks 13 70,126 57,792
Debtors 14 3,089,348 2,539,414
Investments 15 3,550,402 3,482,841
Cash at bank and in
hand 1,622,497 1,324,744
Total current assets 8,332,373 7,404,791
Liabilities
Creditors:
Amounts
falling due
within one year 16 ~676.412 792,849
Net current assets 7,655,961 6,611,942
Creditors:
Amounts
falling due after
one year 17 (396,163) (468,719)
Provisions
for liabilities
and charges 18 (52,722) (131,701)
Net assets or liabilities
before pension
provision		 25,657,203 24,288,468
Pension provision 18 (62,316)
Total net assets 25,657,203 24,226,152
The funds ofthe
charity
General funds 3,927,637 4,113,503
Designated
funds		 3,724,569 1 766643
Total unrestricted funds 20 7,652,206 5,898,146
Restricted income funds 19 18,004,997 18,328,006
Total funds 21 25,657,203 24,226,152

2022 2021
Notes E
Fixed Assets
Tangible assets (Page 37) 4,324,819 4,157,603
Heritage assets 11 14,065,414 14,043,269
Intangible assets 12 59,894 76,074
Investments
unquoted		 1 1
Total fixed assets 18,450,128 18,276,947
Current assets
Stocks 13 43,801 38,754
Debtors 14 3,034,762 2,539,164
Intercompany
Debtor		 86,524 77,762
Loan to subsidiary 30,000 30,000
Investments 15 3,550,402 3,482,841
Cash at bank and in hand 1,604,996 1,274,095
Total current assets 8,350,485 7,442,616
Liabilities
Creditors:
Amounts
falling due within
one year		 16 ~661.522 778,257
Net current assets 7,688,963 6,664,359
Creditors:
Amounts
falling due after
one year 17 (396,163) (468,719)
Provisions
for liabilities
and charges 18 (52,722) (131,701)
Net assets or liabilities 25,690,206
before pension
provision		 24,340,886
Pension
provision		 18 (62,316)
Total net assets 25,690,206 24,278,570
The funds ofthe charity
General Funds 3,960,640 4,163,921
Designated
Funds		 3,724,569 1,786,643
Total Unrestricted Funds 20 7,685,209 5,950,564
Restricted
income		 funds 19 18,004,997 18,328,006
Total funds 21 25,690,206 24,278,570

Notes 2022 2021
Cash flows from operating
activities:
Net cash provided
by/(used
in) operating
activities		 27 586,841 876,503
Cash flows from investing
activities:
Dividends,
interest and rents
from investments 75,063 63,608
Investments
(purchased)/
sale		 1,267 (497,852)
Investments
balance- non cash
transaction
Interest element of hire
purchase
contracts
Purchase of property,
plant		 and (1,014)
equipment (357,935) (164,294)
Loan to Associated
Organisation
Purchase of intangible assets—
BPSentitlements
Sale of Fixed Assets		 (3,750)
1,000		 (24,450)
4,000
Net cash provided
by/(used
in) investing
activities		 (284,355) (620,002)
Cash flows from financing
activities
Capital element of hire purchase
contracts		 ~4733. ~11.366
Net cash used in financing
activities (4,733) (11,360)
Change
in cash and cash
equivalents
in the reporting
period 297,753 245,141
Cash and cash equivalents at
the beginning
ofthe reporting
period 1,324,744 1,079,603
Cash and cash equivalents at
the end ofthe reporting
period 28 1,622,497 1,324,744
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Unrestricted Restricted 2022 2021
Total Total
8 F 8
Donations and sponsorships 139,943 74,899 214,842 334,069
Legacies 2,138,417 25,000 2,163,417 163,444
Subscriptions and GIR Aid 1,488,170 1,488,170 1,357,199
Grants received ofa general
nature		 70,303 70,303 58,962
Appeals 455 26,513 26,968 70,539
3,837,288 126,412 3,963,700 1,984,213

4.
Incoming resources from charita		 ble
activities
Unrestricted Restricted 2022 2021
Total Total
8
RPA Grants received for a specific purpose 558,557 558,557 518,827
Grants received for a specific purpose 587,597 587,597 1,105,142
Service level agreements 120,926 885,562 1,006,488 752,639
Landfill tax credits 34,395 34,395 26,931
Other income 600,242 306,885 907,127 785,943
1,279,725 1,814,439 3,094,164 3,189,482

Interest and Investments
Unrestricted Restricted 2022 2021
Total Total
8 8
Bank Interest received 2,534 2,534 3,972
Income from Investments 72,488 41 72,529 59,636
75,022 41 75,063 63,608
7.
Total expenditure		 7.
Total expenditure
Staff Other Support Governance 2022 2021
costs direct
costs
6 6 6 8
Fundraising 423,406 400,424 240,690 13,036 1,077,556 702,187
Nature reserve
management 877,441 1,220,074 498,793 27,015 2,623,323 2,553,416
Wider countryside 348,726 257,939 198,238 10,737 815,640 607,909
Partnership
projects 327,994 53,523 186,453 10,098 578,068 591,199
Education
&
Community 361,193 120,969 205,325 11,120 698,607 538,400
Rushden
Lakes
Visitor Centre 42,739 (1,029) 3,051 44,761 34,663
2,338,760 2,095,668 1,328,470 75,057 5,837,955 5,027,774
2022 2021
h
Total resources expended are stated after charging:
Auditors
remuneration
-		 audit 19,700 19,550
unrecovered VAT 1,953 1937
other assurance services 2,040
Depreciation offixed assets 168,574 150,159
Amortisation of intangible assets 19,931 21,565
Profit/(loss) on sale offixed assets (1,000) 4,000
Amounts
payable
under operating		 leases 19,132 19,488
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2022 2021
E
The movement
in the year		 is after charging:
Salaries and wages 2,719,272 2,624,736
Social security costs 235,787 221,412
Other pension costs 135,837 131,913
3,090,896 2,978,061
Employees
and volunteers
Headcount
average
number		 ofemployees: 121 117
The F.T.E.average number ofemployees,
analysed
by function was:
Nature reserve management 28 27
Wider countryside 15 12
Partnership
projects		 4 4
Education
and Outreach		 19 16
Central support services 10 9
Fundraising
and donor development		 7 8
Marketing
and membership		 services 5 4
Monitoring
and Research		 12 12
100 92

2022 2021
Key assumptions
Discount rate 2.65 1.95
Expected rate of increase of pensions in payment*
Fixed 5%pa 5.00 5.00
RPI max 5%pa 3.35 3.20
Future increases to deferred pensions 2.85 2.65
Inflation - RPI 3.65 3.45
Inflation - CPI 2.85 2.65
Mortality assumptions 2022 2021
Assumed
life expectations		 on retirement at age 65: Years Years
Retiring today
- Males 22.4 22.7
-Females 24.9 25.0
Retiring
in 20years
- Males 23.7 24.0
-Females 26.3 26.4

Cash commutation Cash commutation Cash commutation Members assumed Members assumed Members assumed to Members assumed Members assumed Members assumed to
take 25%oftheir take 25%of their
pension as tax free pension as tax-free
cash, subject to cash, subject to
HMRC restrictions, HMRC restdictions,
using cash using cash
commutation factors commutation factors
currently in force. currently in force.
2022
Amounts recognisedin the statement offinancial activities K
Interest on net defined benefit liability 918
Administration
expenses		 7,303
Total recognised
in the statement		 offinancial activities 8,221
2022
Amounts taken to other recognised gains/losses K
Actual return on scheme assets —gains and (losses) 34,938
Less: amounts included in net interest on the net defined
benefit		 (15,097)
Return on scheme assets excluding
interest		 income 19,841
Actuarial return on scheme assets —gains and (losses) 83,079
Re-measurement gain/(loss) recognised 102,920

(continued)
2022f 2021
h
Fair value of Scheme assets 812,624 770,728
Present value ofdefined benefit obligations (742,396) (833,045)
Defined benefit asset/(liability) 70,228 (62,316)
2022
Movements in the present
value		 ofdefined benefit obligations
Present value ofdefined
benefit		 obligation at beginning ofperiod 833,045
Benefits paid including expenses (30,888)
Actuarial
gains and losses		 (83,079)
Administration
costs		 7,303
Interest cost 16,015
Present value ofdefined
benefit		 obligation at end of period 742,396
2022
Movements
in the fair		 value ofplan assets h
Fair value ofassets at beginning of period 770,728
Interest income 15,097
Return on plan assets (excluding amounts included
in		 net interest) 19,841
Benefits paid including expenses (30,888)
Contributions
by the employer		 37,846
Fair value ofassets at end of period 812,624

2022 2021
UK Equities 4.7 4.3
Overseas
Equities		 31.5 29.9
Diversified
Growth Funds		 23.0 23.5
UK Government
Fixed		 Interest Bonds 12.5 14.3
UK Government Index Linked Bonds 15.3 14.7
UK Corporate Bonds 8.6 9.7
Property 2.5 2.1
Cash 1.9 1.5
100.0 100.0
2023
Projected total expense recognisedin the statement offinancial activities
Interest on net defined benefit liability (2,279)
Administration expenses 7,303
Total recognised
in the		 statement offinancial activities 5,024

Five yea r sum mary
ofheritage		 asset transact ions
2022 2021 2020 2019 2018
K
Cost brought
forward		 14,043,269 13,956,559 13,906,559 13,433,519 13,411,394
Purchases
year		 in 22,145 86,710 50,000 473,039 22,125
Gifts in year
Transfer from
land
in tenure
and freehold
property
Disposals
Cost carried
forward 14,065,414 14,043,269 13,956,559 13,906,559 13,433,519

Intangible as sets
2022 2021
Intangible assets as at 1 April 2021 76,074 73,189
Entitlements
to
Fair Value)		 Basic Payments Scheme purchased (at 3,751 24,450
Amortisation
of		 Basic Payments Scheme Entitlements (19,931) (21,565)
Total intangible assets as at 31 March 2022 59,894 76,074

2022 2021
Consolidated
Stock as at 1 April b/fwd 57,792 64,169
Movements in year Increase/(decrease) 12,334 (6,377)
Total as at 31 March 2022 70,126 57,792
Charity
Stock as at 1 April b/fwd 38,754 40,878
Movements in year Increase/(decrease) 5,047 (2,124)
Total as at 31 March 2022 43,801 38,754
14. Debtors
2022 2021
Group
Trade debtors 617,238 204,004
Prepayments and accrued income 2,467,548 2,330,492
Other Debtors 4,562 4,918
3,089,348 2,539,414
Charity
Trade debtors 617,238 203,970
Prepayments and accrued income 2,412,962 2,330,492
Other Debtors 4,562 4,702
3,034,762 2,539,164

Group
2022 2021
Quoted Investments
Market Value at 1 April 2021 2,779,020 1,465,256
Additions 1,000,000
Disposals
Unrealised
gain/(loss)		 on investments
68,350		 313,764
Market value at 31 March 2022 2,847,370 2,779,020
All investments
are held primarily		 to provide an investment
return		 for the charity.
Geographical Analysis 2022 2021
North America 1,044,985 944,867
United
Kingdom		 1,042,137 1,089,376
Europe Ex-UK 304,669 327,924
Global 293,279 188,973
Pacific Basin Ex-Japan 74,032 72,255
Japan 45,558 55,580
Emerging
Markets		 42,710 100,045
2,847,370 2,779,020
Total Investment 2022 2021
E
Quoted
Investments		 2,847,370 2,779,020
Liquid Assets 703,032 703,821
Investments at 31 March 2022 3,550,402 3,482,841
Charity
Equities Subsidiary Total
undertaking
6
Balance at 1 April 2021 2,779,020 1 2,779,021
Additions
Gain/(losses) during year 68,350 68,350
Cash on deposit
Market value at 31 March 2022 2,847,370 1 2,847,371
Notes to the financial
statements
(cont. for the
ear ended 31 March 2022		 to the financial
statements
(cont. for the
ear ended 31 March 2022		 to the financial
statements
(cont. for the
ear ended 31 March 2022		 to the financial
statements
(cont. for the
ear ended 31 March 2022
16. Creditors: Amounts
falling due within one year
2022 2021
Group
Trade creditors 390,260 448,864
Taxation and social security 114,384 94,037
Other creditors 30,354 38,980
Obligations
under		 hire purchase agreements 4,733
Accruals and deferred income 141,414 206,235
676,412 792,849
Charity
Trade creditors 377,538 446,472
Taxation and social security 116,566 94,037
Other creditors 30,354 38,980
Obligations
under		 hire purchase agreements 4,733
Accruals and deferred
income		 137,064 194,035
661,522 778,257
17. Creditors: Amounts
falling due		 after more than one year
2022 2021f
Group
Deferred income (Luton Guided Busway) 353,382 392,645
Deferred income (BPSEntitlements) 42,781 76,074
Obligations
under		 hire purchase agreements
396,163 468,719
Charity
Deferred income (Luton Guided Busway) 353,382 392,645
Deferred income (BPSEntitlements) 42,781 76,074
Obligations
under		 hire purchase agreements
396,163 468,719
Group Deferred income analysis
In more than one year but not more than two years 49,599 51,463
In more than two years but not more than five years 114,710 120,163
In more than five years 231,854 297,093
396,163 468,719

Balance at In- Out- Transfers Gains/ Balance at
31 March comings goings (to)/from losses & 31 March
2021f 6 Restricted
8		 Transfers
8		 2022
Group
General Funds 4,111,504 3,696,970 (3,891,607) 521,942 (511,172) 3,927,637
Designated Funds:
Land purchase and 908,063 (61,274) 846,789
improvement
Education 431,087 (28,042) 403,045
New Projects 447,495 (3,778) 443,717
Sustainability 290,000 290,000
Wild about inclusion (10,000) 290,000 280,000
Resilience Fund 1,400,000 (38,982) 1,361,018
Inflationary pressure on 100,000 100,000
Restricted projects
1,786,645 1,500,000 (142,076) 580,000 3,724,569
5,898,149 5,196,970 4,033,683 521,942 68,828 7,652,206
Charity
General Funds 4,163,922 3,632,795 (3,846,847) 521,942 (511,172) 3,960,640
Designated Funds:
Land purchase and 908,063 (61,274) 846,789
improvement
Education 431,087 (28,042) 403,045
New Projects 447,495 (3,778) 443,717
Sustainability 290,000 290,000
Wild about inclusion (10,000) 290,000 280,000
Resilience Fund 1,400,000 (38,982) 1,361,018
Inflationary pressure on 100,000 100,000
Restricted projects
1,786,645 1,500,000 (142,076) 580,000 3,724,569
5,950,567 5,132,795 3,988,923 521,942 68,828 7,685,209

21. Analysis of net assets between
funds
Unrestricted Funds Restricted
Fund:		 Total Funds
Group General
Designated
8 8
Freehold Property 1,045,397 1,045,397
Land in Tenure 2,169,148 2,169,148
Other fixed assets 191,364 229,282 689,628 1,110,274
Heritage assets 685,306 22,145 13,357,963 14,065,414
Intangible
fixed assets		 59,894 59,894
Loan to associated organisation:
Stock and work
in progress		 70,126 70,126
Debtors 818,517 1,502,995 767,836 3,089,348
Quoted Investments 870,082 1,977,288 2,847,370
Cash at
including		 bank and in hand
short-term
investments		 661,905 1,663,624 2,325,529
Current liabilities (379,451) (7,141) (289,820) (676,412)
Creditors due after more than
one year (42,781) (353,382) (396,163)
Provision for liabilities and
charges (52,722) (52,722)
Total net assets 3,927,637 3,724,569 18,004,997 25,657,203
Unrestricted Funds Restricted
Fund:		 Total Funds
General
Designated
Charity 8 8 6
Freehold Property 1,045,397 1,045,397
Land in Tenure 2,169,148 2,169,148
Other fixed assets 191,365 229,282 689,628 1,110,275
Heritage assets 685,306 22,145 13,357,963 14,065,414
Intangible fixed assets 59,894 59,894
Loan to associated organisation. ' 30,000 30,000
Stock and work
in progress		 43,801 43,801
Debtors 763,931 1,502,995 767,836 3,034,762
Intercompany
Debtor		 86,524 86,524
Quoted
Investments		 870,082 1,977,288 2,847,370
Cash at bank and in hand
including
short-term
investments		 644,404 1,663,624 2,308,028
Current
liabilities		 (364,561) (7,141) (289,820) (661,522)
Creditors
one year		 due after more than (42,781) (353,382) (396,163)
Provision for liabilities and
charges (52,722) (52,722)
Total net assets 3,960,640 3,724,569 18,004,997 25,690,206

Reconciliation
ofnet income/(exp		 enditu re)
to net		 cash flow from operat ing
activities
2022 2021
E 6
Net income/(expenditure)
for the reporting
period (as per the statement
offinancial
activities before interest 8 investment		 1,224,844 346,722
income)
Depreciation
oftangible assets		 168,574 150,159
Amortisation
of intangible assets		 19,931 21,565
Luton Guided Busway (39,263) (43,629)
Basic Payments
Scheme		 (33,293) 7,886
Interest Element offinance leases 1,014
(Profit)/loss
on disposal oftangible assets
reclassification
to investing
activities		 (1,000) (4,000)
(Increase)/Decrease
in stock		 (12,334) 6,377
(Increase)/Decrease
in debtors		 (549,934) (57,950)
(Decrease)/increase
in creditors
within		 1 year (111,705) 399,309
(Decrease)/increase
in Provision
for liabilities
and charges		 (78,979) 49,050
Net cash inflow from operating activity 586,841 876,503
Analysis ofcash and cash equivalents
2022 2021
Cash
in hand		 185,215 142,462
Deposits on less than 3month
notice		 1,437,282 1,182,282
1,622,497 1,324,744

Analysis of Debt/ Funds
Analysis ofnet
(debtjfunds)
1 April Cash flow Other non-cash 31 March
2021 changes 2022
Net cash:
Cash at bank and in hand 1,324,744 297,753 1,622,497
Add: Liquid resources
Current asset investments 3,482,841 (1,267) 68,828 3,550,402
4,807,585 296,486 68,828 5,172,899
Less: Debt
Debts falling due within (6,187) 6,187
one year
Debts falling due after one
year
(6,187) 6,187
Net funds 4,801,398 302,673 68,828 5,172,899
Notes to the financial st atements
(cont		 . for the
ear ended 3I Marc		 . for the
ear ended 3I Marc		 h 2022 h 2022
32.
Comparative		 Information —Statement ofFinancial Activities (incorporating
the		 income and
expenditure account) FOR THE YEAR ENDED 31 MARCH 2021
Unrestricted Restricted Total Total
Funds Funds
2021 2020
K g
Income and endowments from:
Voluntary
Income		 1,779,304 204,909 1,984,213 3,603,434
Charitable
activities		 967,781 2,221,701 3,189,482 3,144,189
Interest & Investments 62,687 921 63,608 16,486
Government
Grant		 134,392 27,862 162,254 1,881
2,944,164 2,455,393 5,399,557 6,765,990
Expenditure
on:
Raising Funds 702,187 702,187 985,107
Charitable
activities		 2,804,231 1,521,356 4,325,587 4,247,227
Total 3,506,418 1,521,356 5,027,774 5,232,334
Profit/(loss)
on disposal of
assets
Net income/(expenditure)		 fixed 4,000
~558,254		 934,D37 4,DDD
375,783		 ~5,183
1.528.473
Transfers
between
funds		 450,622 (450,622)
Net Incoming resources before other
recognised
gains or losses		 (107,632) 483,415 375,783 1,528,473
Other recognised
gains/(losses):
Unrealised
gain/(loss)
on investments		 314,884 314,884 (96,982)
Exceptional
item: actuarial		 gain on 125,144
defined
benefit pension scheme
Actuarial
gains on defined		 benefit 34,547 34,547 26,907
pension scheme
Net movement
in funds		 241,799 483,415 725,214 1,583,542
Reconciliation
offunds:
Total funds brought
forward		 5,656,347 17,844,591 23,500,938 21,917,396
Total funds carried forward 5,898,146 18,328,006 24,226,152 23,500,938
33.
Comparative		 33.
Comparative		 33.
Comparative		 Information Information -Total expenditure expenditure FOR THE YEAR ENDED 31 MARCH 2021
Staff Other Support Governance 2021 2020
costs direct
costs
E E
Fundraising 362,493 118,971 210,590 10,133 702,187 985,107
Nature reserve
management 908,847 1,091,166 527,997 25,406 2,553,416 2,213,155
Wider countryside 327,960 80,252 190,529 9,168 607,909 623,427
Partnership
projects 322,513 72,307 187,363 9,016 591,199 759,338
Education
&
Community 264,999 112,041 153,952 7,408 538,400 544,884
Rushden
Lakes
Visitor Centre 16,911 4,958 12,794 34,663 106,423
2,186,812 1,491,648 1,275,389 73,925 5,027,774 5,232,334
2021 2020
Total resources expended are
stated after charging:
Auditors Remuneration
-audit		 21,487 17,892
Depreciation of fixed assets 150,159 158,665
Amortisation of intangible assets 21,565 18,204
Profit/(loss) on sale offixed assets 4,000 (5,183)
Amounts payable under operating
leases 19,488 19,488