2020-12-31-accounts - Lancashire Environmental Fund Limited

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Charity Details
Report ofthe Trustees
Independent Auditor's	Report to the Members
Statement of Financial	Activities	10
Balance Sheet
Statement of Cash Flows		12
Notes to the Accounts		13

Secretary	Secretary		LSales
Fund Manager			A Rowett
Auditor			MHA Moore and Smalley
			Richard House
			Winckley Square
			Preston
			PR1 3HP
Legal advisor			Company Secretary
			PO Box100
			County Hall Democratic Services
			Lancashire County Council
			Preston
			PR1 OLD
PrincipaUcontact		address	c/o Lancashire Wildlife Trust
			The Barn
			Berkeley Drive
			Bamber Bridge
			PR5 6BY
Registered	address		Company Secretary
			PO Box100
			County Hall Democratic Services
			Lancashire County Council
			Preston
			PR1 OLD
Members			Community Futures
			Lancashire County Council
			Suez Recycling & Recovery	UK Limited
			Lancashire Wildlife Trust

LANCASHIRE ENVIRONMENTAL FUND LIMITED (BY GUARANTEE) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS ICONTINUEDI FOR YEAR ENDED 31 DECEM8ER 2020 Discussion8 with m8nag8menl. including consideration of known or suspected instances of noncompliance with laws and regulations and fraud,, Enquiry of management and those ¢harged with governance around adual and potential litigation and claims., Perfomiing audit work ovér the risk of management override of controls. including testing of journal entries and other adjuslmenls for appropriateness, evaluating the business rationale of significant transactions outside th& normal course of business and reviewing accoLJnling eslimales for bias., Reviewing minul&s of meetings of those chargod with governance.. and Reviewing financial slalemenl disclosure8 and testing to supporting documentation to assè88 compliance with applicable laws and regulations. Becausa of the inherent limbtalions of an audit, there is a risk that we will not delect all irregularit18s, including thos8 18ading lo a material rnisslalemenl in the financial statements or non-compliance with regulation. This risk increases the more that compliance wlh a law or regulation is removed from Ihe events and Iransaclions réfleded in the financial sl818m8nls, as will b8 18ss likely to b8come awar? of ins18nc8s of non-compliance. The rlsk is also 9realer regarding irregularities occurrij due lo fraud rather than error, as fraud involves intentional concealrnént, forgery. collusion. omission or misrepresenlalion. A further description of our responsibilit185 is av8i18ble on th8 Financial R8POrting Co(Jncil's W8bsi18 al-. https-.Ilwww,frc.org.UklOur-WorklAuditlAudit-and-assuranISlandard8-srKI-guId8eelS1sndardS-8nd-gUldanc@- for-audit0rslAudit$-resP0SibIlitieS-fOr.audlVD8sCnpIio-of-auit0rs.responSibilIies-fOr-aud1I.aspX This description loms part of our auditor's report. Use ofour r8port This r8lY)rt is made solely lo the charilab18 company's members, as a body, in accordance with Chaptér 3 ol Part 16 of the Companies Act 2006. Our 8udil work has b&@n und8rtaken so that we might slate lo the charitable ompanys members those mat16rs we are required to stale lo them in an auditor's report and no other purpose. To the fullest extent permilled by law. we do not accept or assume responsibility lo anyone other than the charitable company and the charitable company's members as a body, for our audit work. for this report, or for the opinions we hav8 formed. Nlcola Mason {Senior Statutory Audltorl For and on behalf of MHA Moore and Smalley, Statutory Auditor Richard House Wincklèy Squarè Preston PR1 3HP ID (t• 2)1,

				Designated	General	Total	Total
				funds	funds	funds	funds
				2020	2020	2020	2019
			Note		8	8
Income from:
Donations and		legacies			1,170,152	1,170,152	1,050,207
Investments					13,574	13,574	26,493
Total income					1,183,726	1,183,726	1,076,700
Expenditure	on:
Charitable activities					1,108,387	1,108,387	1,342,496
Total expenditure					1,108,387	1,108,387	1,342,496
Net movement		in funds			75,339	75,339	(265,796)
Fund balance		b/f at 1 January 2020		150,000	892,761	1,042,761	1,308,557
Fund balance		c/f at 31 December 2020		150,000	968,100	1,118,100	1,042,761

				2020		2019
			Note			6
Current assets:
Debtors				7,546		20,355
Cash at bank and	in hand			2,698,234		2,586,364
Total current assets				2,705,780		2,606,719
Liabilities:
Creditors: amount	falling due within
one year			10	(1,587,680)		(1,563,958)
Net current assets					1,118,100		1,042,761
Net assets less current		liabilities			1,118,100		1,042,761
The funds ofthe	charity:
Unrestricted:
General					968,100		892,761
Designated					15O,OOO		150,000
Total funds					1,118,100		1,042,761

							2020		2019
					Note		E
Cash inflows from	operating		activities:
Net cash provided	by)(used		in) operating		12		98,296		(705,129)
activities
Cash flows from investing		activities:
Interest receivable						13,574		26,493
Net cash provided	by/(used		in) Investing				13,574		26,493
activities
Change in cash and cash		equivalents		in	the year		111,870		(678,636)
Cash and cash equivalents			at 1 January		2020		2,586,364		3,265,000
Cash and cash equivalents			at 31 December 2020				2,698,234		2586,364

			2020	2019
			E
Landfill	tax	income	1,170,152	1,050,207
			1,170,152	1,050,207

							2020	2019
							6
Interest	receivable	from	interest	bearing	deposit	accounts	13,574	26,493

haritable ac	tivities
		2020f	2019
Grants (note	8)	1,009,586	1,238,853
Governance	and support costs (note 5)	98,801	103,643
		1,108,387	1,342,496

2020	Basis of		Support
	apportionment	Governancef	costsf	2020 f.
Entrust levy	Income		27,881	27,881
Staff costs	Staff time		56,331	56,331
Publicity	Usage		1,590	1,590
Audit fee	Usage	3,960		3,960
Stationery	Staff time	3	23	26
Senior mgt charge	Staff time	2,834	2,834	5,668
Office Expenditure	Staff time	319	2,873	3,192
Other	Staff time	153		153
		7,269	91,532	98,801
2019	Basis of		Support
	apportionment	Governancef	costs	2019
Entrust levy	income		30,806	30,806
Staffcosts	Staff time		56,573	56,573
Pub/lefty	Usage		1,911	1,911
Audit fee	Usage	3,780		3,780
Stationery	Staff time	29	261	290
Senior mgt charge	Staff time	2,834	2,834	5,668
Office Expenditure	Staff time	442	3,978	4,420
Other	Staff time	195		195
		7,280	96,363	103,643

he aggregate	payroll costs ofthree persons were as follows:
		2020	2019
Gross salaries		50,981	51,038
Social security	costs	3,629	3,796
Pension contributions		1,721	1,738
		56,331	56,572

and its trustees from any loss arisin	and its trustees from any loss arisin	g	from the ac	tions of th	e trus	tees.	tees.
The key management personnel		of	the charity	comprise	only	the fund manager.		The total cost of key
management personnel of	the charity		(including	employer's	pension and National		insurance		contributions)
was therefore f38,980(2019;638,689).
Grants
						2020f			2019f
Balance payable brought	forward					1,509,370			1,910,225
Previously awarded grants released				(89,657)				(57,530)
New grants awarded in the year				1,099,243			1,296,383
Net grant cost in year (note 4)						1,009,586			1,238,853
						2,518,956			3,149,078
Grants paid in the year						(993,195)			(1,639,708)
Grants previously paid in	advance	returned
Balance payable carried	forward					1,525,761			1,509,370
Being:
Due within one year (note	10)					1,525,761			1,509,370

8	Grants (continued)
						Grant Awardedf
	Community Facility Improvements
	Friends ofTawd Valley, Skelmersdale —Outdoor Classroom					30,000
Wilpshire Methodist Church, Facility &Access Improvements						28,500
	StJames the Great Wrightington with Heskin, Refurbishment	of	Church		Hall	30,000
	Sahara Community Centre, Preston -Access for All					28,160
	Broughton in Amounderness Parish Council, Toll Bar Cottage	Community			Room	27,890
	St Peters Church & Community Centre, Haslingden —Accessibility			Upgrade		5,850
	Silverdale Village Institute Disabled Ramp &Toilets					13,010
	Hyndburn Leisure Trust, Bank Mill Community Health 8 Wellbeing			Improvements		16,420
	Halton Community Association, Refurbishment of Rooms					3,000
Tunstalf Parish Hall & Institute, Kitchen Renovation						5,000
Whitewell Bottom Community Centre, Energy Improvements						20,640
	Friends of Bowland AONB Partnership, Spring Wood Information			Centre,	Whalley	30,000
	Ingol &Tanterton Community Trust, Sensory Spaces					30,000
	Clitheroe CBTC Community Clubhouse Renovation					8,170
	Big Light on CIC, Bumley Switch Community Hub Energy Efficiency					30,000
	Haslingden Cricket Club Pavilion Refurbishment for Community		Access			12,950
	Bodies in Motion, Brierfield Community Cafe					13,690
	Longton VM Sports 8 Social Club, Improvement Programme					4,500
Water Village Hall Bandroom Refurbishment						30,000
	Grimsargh Village Community Association, Roof Insulation					30,000
	PCC of Upholland & Dalton, St Thomas the Martyr Development			Project		30,000
Accrington Sea Cadets, Building for the Future						30,000
	Heysham Cricket Club, Community Facility Project					22,000
	Burnley Pioneer Project, Windows & Doors Parkside Methodist		Church			4,870
	Trawden Forest Community Centre, Refurbishment ofToilets	8	Disabled		Facilities	15,000
	Church & Oswaldtwistle Cricket Club, Pavillion Regeneration					12,500
	Men in Sheds, The beehive Building Redevelopment, Fleetwood					30,000
	Total					542,150
	Habitat Creation and Management
	Cuerden Valley Park Trust, Bamber Bridge —Meadow & Path					30,000
	RSPB Leighton Moss Reedbed Rejuvenation Cell Project					30 000
	Total					60,000
	Parks, Gardens and Open Spaces
	Friends of Ightenhill Park, Bumley —Community Market Garden					14,000
	Elswick Parish Council Village Green and Pond Creation					30,000
	Friends of Hurst Grange Park, Coach House Garden					30,000
	Total					74,000

Grants (continued)
			Grant Awarded
			6
General Environmental Improvements
Inskip with Sowerby Parish Council, Improved Access to Carr House Common		Green	27,350
Alkincotes Woodland Nature Reserve Group, Colne —Multi User Path Shiva Trust Charity, ASIMSA Permaculture Garden & Pond, Water LWT & Wyre Council, Improving Coastal Access & Interpretation at Rossall Point			18,400 25,080 17,330
Ulnas Walton Bridleway Association, Sue Taylor Green Memorial Trail LWT Perfect Paths, Brockholes Nature Reserve Grimsargh Wetlands Trust, Opening up the Fen			30,000 30,000 10,980
Total			159,140
Play Areas and Recreational Facilities
Walton le Dale Recreation Society, Playground Adventure Trail and Walk	Woodland		30,000
Friends of Memorial Park Fleetwood, Play Area Improvments Withnell Parish Council, Rejuvenation of Lodge Bank Play Area, Brinscall Friends of Ryelands Park, Lancaster —Health & Fitness Project, Phase 2 Friends of Poulton Park Morecambe, Park Enhancements Weir Pride, Weir Play Area Friends of Bellis way Playground Group, Walton Park Garden Water Village Trust, Wellbeing for Water Edenfield Village Residents Association, Play Area Improvements Hyndbum Green Spaces Forum, Milnshaw Park Pumping &Jumping			29,200 30,000 4,570 14,250 30,000 28,695 30,000 30,000 30,000
Total			256,716
Green Grants
Friends ofHaslam Park, Tools for Willow Controls in the Wetlands			920
Ribblesdale Wanderers Cricket & Bowling Club, Recycled Plastic Seating Stanhill Social Club, Energy saving Heating Controller			1,000 960
Barnoldswick Town Council, Information Panel for Sensory Garden			985
I ongton VM Sports & Social Club Bulb Planting			700
Byron Crescent Community Orchard, Coppull			700
Malt Kiln Conservation Equipment			980
Sunderland Point Community Association, Sambo's Grave Interpretation		Panel	993
Total			7,238
Overall Total			1,099,243

ebtors
		2020	2019
		E
Accrued	income	7,546	20,355

reditors: amou	nts falling due within one year
		2020	2019
		F
Grants awarded Other creditors	(note 8)	1 525 761 57,949	1,509,370 50,794
Accruals		3,970	3,794
		1,587,680	1,563,958

				Total
		General	Designated	unrestricted
		fund	Fund	fund
		6	6	6
Fund balances	at 31 December 2020
Represented by:
Current assets Current liabilities		2,555,780 (1,587,680)	150,000	2,705,780 (1,587,680)
		968,100	150,000	1,118,100
Movements in funds
Balance brought forward Net incoming funds		892,761 75,339	150,000	1,042,761 75,339
Balance carried	forward	968,100	160,000	1,118,100
				Total
		General	Designated	unrestricted
		fund	Fund	fund
		6	F	6
Fund balances	at 31 December 2019
Represented by:
Current assets Current liabilities		2,456,719 (1,563,958)	150,000	2,606,719 (1,563,958)
		892,761	150,000	1,042,761
Movements in funds
Balance brought	forward	1,158,557	150,000	1,308,557
Net outgoing funds		(265,796)		(265,796)
Balance carried	forward	892,761	150,000	1,042,761

Reconciliation of net	income/(expenditure)	income/(expenditure)	activities
			2020f	2019f
Net income/(expenditure)		for the year	75,339	(265,796)
Interest receivable			(13,574)	(26,493)
(Increase)/decrease	in	debtors	12,809	(3,918)
Increase/(decrease)	in	creditors	23,722	(408,922)
			98,296	(705,129)