##
##
|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|
##
##
##
|12|Reconciliation
of net|income/(expenditure)|income/(expenditure)|to net cash flow from operating|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)|
##