**Charity Number: 1078757 Company Number: 3387973**
## **LOWER URE CONSERVATION TRUST**
**(A company limited by guarantee)**
**Report of the Trustees and Unaudited Financial Statements**
**FOR THE YEAR ENDED 30 JUNE 2021**
**LOWER URE CONSERVATION TRUST**
## CONTENTS
||**Page**|
|---|---|
|Reference and Administrative Information|1|
|Trustees' Report (including Directors' Report)|2 - 7|
|Statement of Financial Activities (including Income and Expenditure Account)|8|
|Balance Sheet|9 - 10|
|Notes to the Financial Statements|11 - 19|
**LOWER URE CONSERVATION TRUST**
## REFERENCE AND ADMINISTRATIVE INFORMATION
_for the year ended 30 June 2021_
## **Directors and trustees**
C W Bourne-Arton S P Warwick R M Wells H Byron
## **Company Secretary**
S P Warwick
## **Company Registered Number**
3387973 (England and Wales)
## **Charity Registered Number**
1078757
## **Registered Office**
Sharow Grange Sharow Ripon North Yorkshire HG4 5BN
## **Independent Examiner**
Guy Baragwanath C & G B Associates Accountants 8-10 Millgate Thirsk North Yorkshire YO7 1AA
**Bankers Investment Managers** Barclays Bank Rathbone Investment Management 7 Market Place East 8 Finsbury Circus Ripon London North Yorkshire EC2M 7AZ HG4 1BP
Page 1 .
**LOWER URE CONSERVATION TRUST**
TRUSTEES' REPORT _for the year ended 30 June 2021_
The trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of the Lower Ure Conservation Trust (the company) for the year ended 30 June 2021. The trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.
## _**OBJECTIVES AND ACTIVITIES**_
## **Objectives and aims**
The principal objective of the charity is to manage sites, with a preference for former mineral sites, as nature reserves to promote and improve the ecology of the sites and to promote the protection, conservation and enhance the flora and fauna at the sites for the education and enjoyment of the public.
## **Public benefit**
The Nosterfield Local Nature Reserve is open to the public throughout the year free of charge, with the buildings being open during daylight hours. Tours and visits for local schools and groups are held regularly.
The Reserve provides access to the site on foot at all times. Wheelchair access is available to the interpretation building, the bird hide and the Tanfield hide. There is 500m of permissive footpath available to wheelchair users and for people with mobility issues.
In setting objectives and planning for activities, the trustees have given careful consideration to the general guidance published by the Charity Commission relating to public benefit.
The charity's main reserve is at Nosterfield within the Hambleton District of North Yorkshire.
## _**STRUCTURE, GOVERNANCE AND MANAGEMENT**_
## **Governing document**
The organisation was incorporated on 17 June 1997 and is constituted as a company limited by guarantee, without a share capital and is therefore governed by a Memorandum and Association of Articles of Association as amended by special resolutions dated 22 September 1998 and 4 January 2000. It became a registered charity on 29 December 1999.
Every member of the company has however guaranteed an amount not exceeding £10 each.
Page 2 .
**LOWER URE CONSERVATION TRUST**
TRUSTEES' REPORT (continued) _for the year ended 30 June 2021_
## _**STRUCTURE, GOVERNANCE AND MANAGEMENT - continued**_
## **Organisation, Structure and Running of the Reserve**
Decisions regarding the running of the charity are delegated to Simon Warwick, as director and the individual responsible for the day to day management. Major decisions concerning the long-term direction of the charity are taken by the trustees.
The Nosterfield Local Nature Reserve (NLNR) is run by the trustees, with the support of a regular volunteer team. The early part of the financial year resulted in LUCT employing a Field Officer, to assist primarily with volunteer support. This role has proved highly valuable and resulted in a significant increase in volunteer numbers.
NLNR has a Management Liaison Committee, with representatives from the LUCT, District and Parish Councils and other user groups.
## **Appointment, induction and training of new trustees**
As set out in the Articles of Association, new trustees are discussed by the board of trustees. Potential trustees can be nominated if they are recommended by a current trustee. New trustees are fully inducted in the structure of the trust and all requirements on them as trustees. Trustee training is delivered via general meetings and upon request if specific needs arise.
None of the trustees have any beneficial interest in the company. All the trustees are directors of the company.
All trustees give their time voluntarily and receive no benefit from the charity. Any expenses reclaimed from the charity are set out in note 10 to the accounts.
## **Risk Management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have assessed the major risks to which the charity is exposed and are satisfied that appropriate systems and controls are in place to mitigate exposure to these risks.
The major risks to which the trust is exposed, as identified by the trustees, are reviewed annually (or sooner if the need arises) as are the management procedures of these risks.
Page 3 .
**LOWER URE CONSERVATION TRUST**
TRUSTEES' REPORT (continued)
_for the year ended 30 June 2021_
## _**ACHIEVEMENTS AND PERFORMANCE**_
LUCT is a very small organisation. Since it’s inception the work of LUCT has been underpinned by the efforts of a committed group of experienced volunteers. In recent years small contributions of project funding have supported the scaling up of LUCT’s approach to plant propagation and wetland habitat restoration.
Between July 2020 and June 2021 funding from the Green Recovery Challenge Fund (GRCF) through the Swale and Ure Washlands Project, to employ a full time project officer supported by two internships and expert ecological advice has instigated a step change in the capacity of the organisation.
## **Project funding**
During this period the following sources of project funding have underpinned progress:
**National lottery heritage fund** . July 2018 – February 2021. _Well Wetlands project_
**Yorkshire Water Biodiversity Enhancement Fund.** June 2020 – June 2022 _Expanding priority wetlands in the lower Ure valley_
**DEFRA Green Recovery Challenge Fund.** January 2021 – March 2022. _Restoring the Swale and Ure washlands_
## **Achievements & performance**
## _**Plant propagation and habitat creation**_
During this period significant contributions have been made towards the creation of 20 ha of new habitat including 2 ha of priority fen habitat. Planting aims to reflect the botanical composition of locally -native plant communities.
Volunteers have propagated approximately 18,000 wetland plants in specially constructed polytunnel wetbeds. The polytunnel was constructed in 2018 and provides the facilities to propagate and cultivate a wide range of rare wetland plants including Great Fen Sedge, Tufted Sedge and Blunt-flowered Rush.
Propagation material has been collected (with appropriate permissions) from 10 different sites in North Yorkshire.
Project monitoring has kept a track on works completed on a range of rare and priority habitats including Fen, wet woodland, lowland meadow, calcareous grassland, reedbed and ponds (totalling over eight ha) as well as 60 ha of floodplain grazing marsh.
## _**Practical conservation work**_
The Project Officer and volunteers have made significant progress on delivery of practical conservation tasks. This includes
- The installation of an Osprey platform
- Renovation and installation of a Tern raft
- Installation of Bee boxes and
- Invasive species control
Page 4 .
**LOWER URE CONSERVATION TRUST**
TRUSTEES' REPORT (continued)
_for the year ended 30 June 2021_
## _**ACHIEVEMENTS AND PERFORMANCE - continued**_
## _**Practical conservation work - continued**_
As part of the conservation programme of work and a key part of creating a baseline of accurate data a programme of rolling surveys have been established co-ordinated by the Project Officer. These include breeding birds, butterfly transects, moth trapping and nest box monitoring.
## _**Infrastructure**_
To support and improve the volunteer experience at Nosterfield and allow LUCT to engage more people new facilities have been purchased and installed on site. Built by the volunteers, there is now a building which acts as a shelter, meeting point and space for training. Storage containers have also been delivered and installed which allows the equipment to be stored safely and new equipment for volunteers to be purchased.
## _**Volunteer recruitment and training**_
LUCT wouldn’t be able to achieve what it does without its core team of dedicated and skilled volunteers who volunteer on a weekly basis. Unfortunately, the outbreak of Coronavirus meant that plans for activities in 2020 were heavily curtailed. Despite this, an estimated 5,000 hours of volunteer time were delivered in the year.
In January 2021 in order to maintain momentum and as an alternative means of engaging with new audiences two online webinars were delivered and proved highly successful, with over 200 people either attending or viewing webinar recordings
As Covid restrictions began to ‘ease’ in early 2021 and, coinciding with the launch of the Green Recovery Challenge Fund project and recruitment of a full time project officer, volunteer recruitment and training picked up.
The project was launched with a volunteer recruitment drive through offering ‘taster days’ and events accompanied by press coverage in the local and regional press. 11 volunteers who have engaged at Nosterfield in the past returned and seven new volunteers were enrolled.
Two events were held at Sharrow churchyard as part of ‘Churches Count on Nature’ week – a bioblitz to record diversity of species present. Working in conjunction with the local school the event attracted 100 children and 50 adults.
Three volunteer training events to developing practical conservation skills were held at Sharow Churchyard, Sharrow Mires and Rawcliffe Meadows.
## _**Work with partners**_
Although visits and outreach have been curtailed by Covid, the plant nursery has hosted visits by East Keswick Wildlife Trust, Yorkshire Wildlife Trust (site managers and senior management team), North Yorkshire County Council Heritage Services, Tophill Low NR and academics from the University of York.
Page 5 .
**LOWER URE CONSERVATION TRUST**
TRUSTEES' REPORT (continued)
_for the year ended 30 June 2021_
## _**ACHIEVEMENTS AND PERFORMANCE - continued**_
## _**Work with partners - continued**_
We have collaborated closely with the Yorkshire Wildlife Trust, advising on and providing plants for Potteric Carr and Ripon City Wetlands. This has enabled the creation of a fen fringe to newlyestablished reedbeds at the latter site, bolstering the network of wetland habitats in the Lower Ure valley. In return, the YWT has facilitated the collection of seed and cuttings from its reserves.
Plants have also been provided for a community nature garden project.
The influence of LUCT’s work is increasingly far reaching – both in the wider landscape of the Lower Ure and Mid Swale catchments as well as other sites that have expressed an interest in our work.
It also plays an important role in sharing knowledge, associated with enriching and informing former mineral site restoration as well as other habitat creation and restoration projects. Our work on fen re-creation for example has been groundbreaking and is providing important know how for other practitioners.
## _**Future plans**_
Looking ahead, the Green Recovery Challenge Fund project will be completed in March 2022. Building on it’s success we plan to extend our practical work on wetland habitat restoration and creation in the lower Ure valley through securing funding to continue the employment of a project officer and offer further internship opportunities.
We also want to expand our capacity to widely share our experience and learning beyond our boundaries, aswell as involving more volunteers in practical conservation.
## _**FINANCIAL REVIEW**_
## **Financial review**
Incoming resources for the year totalled £173,212 (2020: £50,421). After resources expended of £128,332 (2020: £65,069) and gains on investments of £8,629 (2020: £718), the net incoming resources were £53,509 (2020: outgoing resources £13,930). There was an overall surplus for the year of £53,509 (2020: deficit £13,930), resulting in total funds carried forward of £352,361 (2020: £298,852). Unrestricted funds carried forward were £371,046 (2020: £315,945). Restricted funds carried forward were £-18,685 (2020: £-17,093) as two funds are retrospective claimed funds.
## **Going concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Page 6 .
**LOWER URE CONSERVATION TRUST**
TRUSTEES' REPORT (continued) _for the year ended 30 June 2021_
## **Reserves policy**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use are to be maintained at a level not less than £35,000, to be reviewed on an annual basis.
The trustees consider that reserves at this level will ensure that the charity will be able to properly maintain the Nosterfield Reserve, irrespective of current income levels.
The trustees decided that the expenditure on acquiring the Nosterfield Reserve and any subsequent additions, should not be taken into account in determining the charity's free reserves, given that Nosterfield Reserve is essential to the charity's operations. The free reserves as at 30 June 2021 are £172,622 (2020: £123,898). The free reserves are calculated as the unrestricted funds, not including those funds held as fixed assets.
## _**TRUSTEES' RESPONSIBILITIES STATEMENT**_
The trustees (who are also directors of the Lower Ure Conservation Trust for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
The report was approved by the trustees on 10 March 2022 and signed on their behalf by:
## SP Warwick
SP Warwick (May 16, 2022 15:19 GMT+1)
S P Warwick **Secretary**
Page 7 .
## **LOWER URE CONSERVATION TRUST**
STATEMENT OF FINANCIAL ACTIVITIES (incorporating the income and expenditure account) _for the year ended 30 June 2021_
|**Unrestricted**
**funds**
**2021**
Note
**£**
**Income and endowments from:**
Donations and legacies
2
**1,371**
Investments
3
**804**
Charitable activities
4
**84,927**
**Total income and endowments**
**87,102**
**Expenditure on:**
Raising Funds
5
**552**
Charitable activities
6
**40,078**
**Total expenditure**
**40,630**
Net gains/(losses) on investments
**8,629**
**Net movement in funds**
**55,101**
**Reconciliation of funds:**
Total funds at 1 July 2020
17
**315,945**
**Total funds at 30 June 2021**
17
**371,046**|**Restricted**
**funds**
**2021**
**£**
**-**
**-**
**86,110**
**86,110**
**-**
**87,702**
**87,702**
**-**
**(1,592)**
**(17,093)**
**(18,685)**|**Total**
**funds**
**2021**
**£**
**1,371**
**804**
**171,037**
**173,212**
**552**
**127,780**
**128,332**
**8,629**
**53,509**
**298,852**
**352,361**|Total
funds
2020
£
1,418
645
48,358
50,421
186
64,883
65,069
718
(13,930)
312,782
298,852|
|---|---|---|---|
The notes on pages 9 to 17 form part of these financial statements.
The statement of financial activities includes all gains and losses recognised during the year.
Page 8 .
**LOWER URE CONSERVATION TRUST** REGISTERED NUMBER: 5265464 BALANCE SHEET
_as at 30 June 2021_
**----- Start of picture text -----**
2021 2020
Note £ £ £ £
Fixed assets
Tangible assets 13 178,866 163,810
Investments 14 66,806 57,392
245,672 221,202
Current assets
Debtors 15 2,161 1,789
Cash at bank and in hand 112,904 84,865
115,065 86,654
Creditors: amounts falling due
within one year 16 (8,376) (9,004)
Net current assets 106,689 77,650
Net assets 352,361 298,852
Charity funds
Restricted funds 17 (18,685) (17,093)
Unrestricted funds - general 17 371,046 315,945
Total charity funds 352,361 298,852
**----- End of picture text -----**
Page 9 .
**LOWER URE CONSERVATION TRUST**
BALANCE SHEET (continued) _as at 30 June 2021_
The Trustees consider that they charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the charity to obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the charity as at 30 June 2020 and of its net resources expended for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charity.
The financial statements have been prepared in accordance with the provisions applicable to small companies within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the Trustees on 10 March 2022 and signed on their behalf, by:
## SP Warwick
SP Warwick (May 16, 2022 15:19 GMT+1)
Simon Warwick
## **Trustee**
The notes on pages 9 to 17 form part of these financial statements.
Page 10 .
**LOWER URE CONSERVATION TRUST**
NOTES TO THE FINANCIAL STATEMENTS _for the year ended 30 June 2021_
## **1 Accounting policies**
## _**(a) General information and basis of preparation of financial statements**_
The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are on page 2 of these financial statements.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The financial statements do not include a statement of cash flows because the charitable company, as a small reporting entity, is exempt from the requirement to prepare such a statement under SORP (FRS 102).
## _**(b) Funds**_
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 11 .
**LOWER URE CONSERVATION TRUST**
NOTES TO THE FINANCIAL STATEMENTS (continued) _for the year ended 30 June 2021_
## **1 Accounting policies (continued)**
## _**(c) Income recognition**_
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Interest income is recognised using the effective interest method and dividend income is recognised as the charity's right to receive payment is established.
Other income includes income such as field rental and restoration work.
## _**(d) Expenditure recognition**_
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
## _**(e) Support costs allocation**_
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative and payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with use of the resources.
The analysis of these costs is included in note 7.
## _**(f) Support costs allocation**_
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Page 12 .
**LOWER URE CONSERVATION TRUST**
NOTES TO THE FINANCIAL STATEMENTS (continued) _for the year ended 30 June 2021_
## **1 Accounting policies (continued)**
## _**(g) Tangible fixed assets and depreciation**_
Tangible fixed assets are stated at cost less accumulated depreciation. Costs includes costs directly attributable to making the asset capable of operating as intended. Assets costing less than £150 are not capitalised.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less their estimated residual value, of each asset on a systematic basis over its expected useful lives as follows:
Hides, fences & other site fixtures - 5 to 10 years Motor vehicles - 4 years
## _**(h) Debtors and creditors receivable / payable within one year**_
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## _**(i) Tax**_
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
## **2 Income from donations and legacies**
|Donations
Gift aid repayments|**2021**
**£**
**1,371**
**-**
**1,371**|2020
£
1,418
-
1,418|
|---|---|---|
Income from donations and legacies was £1,371 (2020: £1,418) of which all was attributable to unrestricted funds.
Page 13 .
**LOWER URE CONSERVATION TRUST**
NOTES TO THE FINANCIAL STATEMENTS (continued)
_for the year ended 30 June 2021_
|**3**
**Income from investments**
Deposit account interest
Dividend income|**2021**
**£**
**19**
**785**
**804**|2020
£
212
433
645|
|---|---|---|
Income from investments was £804 (2020: £645) of which all was attributable to unrestricted funds.
## **4 Income from charitable activities**
|Rural Payments Agency
National Heritage
LCF
Yorkshire Wildlife Trust
NY&Y LNP
Tarmac|**2021**
**£**
**44,527**
**83,840**
**2,270**
**40,000**
**400**
**-**
**171,037**|2020
£
35,358
-
13,000
48,358|
|---|---|---|
Income from charitable activities was £171,037 (2020: £48,358) of which £86,110 (2020: £nil) was attributable to restricted and £84,927 (2020: £48,358) was attributable to unrestricted funds.
## **5 Analysis expenditure on raising funds**
|Investment management fees|**2021**
**£**
**552**
**552**|2020
£
186
186|
|---|---|---|
Expenditure on raising funds was £552 (2020: £186) of whilch £nil (2020: £nil) was attributable to restricted funds and £552 (£2020: £186) was attributable to unrestricted funds.
Page 14 .
**LOWER URE CONSERVATION TRUST**
## NOTES TO THE FINANCIAL STATEMENTS (continued)
_for the year ended 30 June 2021_
## **Analysis of expenditure on charitable activities**
|**6**
**Analysis of expenditure on charitable activitie**
Maintenance of Reserve
National Heritage Fund Well Wetlands
East Riding of Yorkshire - LNP
Postcode Lottery Fabulous Fens
Yorventure Wetland Link
Natural England/DEFRA - Reedbed Project
LCF
National Heritage Green Recovery Fund
Yorkshire Water Biodiversity Enhancement|**s**
**Activities**
**undertaken**
**directly**
**£**
**14,198**
**12,791**
**39,360**
**17,456**
**9,545**
**93,350**|**Support**
**costs**
**£**
**25,880**
**1,225**
**479**
**341**
**2,600**
**3,905**
**34,430**|**Total**
**2021**
**£**
**40,078**
**14,016**
**479**
**341**
**2,600**
**39,360**
**-**
**21,361**
**9,545**
**127,780**|
|---|---|---|---|
£83,797 (2020: £35,373) of the above costs were attributable to restricted funds. £43,983 (2020: £28,456) of the above costs were attributable to unrestricted funds.
## **7 Allocation of support costs**
|**Maintenance**
**of Reserve**
**£**
Salaries
12
**-**
Governance
8
**1,412**
Office expenses and subscriptions
**251**
Hide rates
**97**
Rent
**1**
Insurance
**2,150**
Computer costs
**900**
Telephone & Internet
**671**
Postage, printing and stationery
**68**
Professional fees & Consultancy fees
**12,571**
Advertising & Marketing
**542**
Volunteer welfare
**62**
Depreciation
**15,705**
**34,430**
**8**
**Governance costs**
**2021**
**£**
Independent examiners remuneration
10
**1,412**
**1,412**|**Total**
**£**
**-**
**1,412**
**251**
**97**
**1**
**2,150**
**900**
**671**
**68**
**12,571**
**542**
**62**
**15,705**
**34,430**
2020
£
1,124
1,124|
|---|---|
Page 15 .
## **LOWER URE CONSERVATION TRUST**
NOTES TO THE FINANCIAL STATEMENTS (continued)
_for the year ended 30 June 2021_
## **9 Net income / (expenditure) for the year**
Net income / (expenditure) is stated after charging /(crediting):
**----- Start of picture text -----**
||||
|---|---|---|
|2021|2020|
|£|£|
|Depreciation of tangible fixed assets:|
|- owned by the charity|15,705|11,470|
**----- End of picture text -----**
## **10 Independent examiners remuneration**
The independent examiners remuneration amounts to an independent examination fee of £1,412 (2020: £1,124).
## **11 Trustees' remuneration and expenses**
The Trustees neither received nor waived any remuneration during the year (2019: £nil).
The Trustees had expenses reimbursed during the year totalling £Nil (2020: £Nil).
## **12 Staff costs and employee benefits**
**----- Start of picture text -----**
||||
|---|---|---|
|2021|2020|
|£|£|
|Salaries|8,987|-|
|-|-|
|Social security|
|Pension|617|-|
|-|
|9,604|
|The average monthly number of employees during the year was as follows:|
|National Heritage Green Recovery Fund (100%)|1.5|-|
**----- End of picture text -----**
No employees received total employee benefits (exluding employer pension costs) of more than £60,000.
Page 16 .
**LOWER URE CONSERVATION TRUST**
## NOTES TO THE FINANCIAL STATEMENTS (continued)
_for the year ended 30 June 2021_
|**13**
**Tangible fixed assets**
**Cost**
At 1 July 2020
Additions
Disposals
**Depreciation**
At 1 July 2020
Charge for year
Eliminated on disposal
**Net book value**
At 30 June 2021
At 30 June 2020
**14**
**Investments**
**Cost**
At 1 July 2020
Additions
Disposals
Revaluations
**Net book value**
At 30 June 2021
At 30 June 2020|**Land**
**£**
**190,225**
**-**
**-**
**190,225**
**66,257**
**-**
**-**
**66,257**
**123,968**
123,968|**Hides,**
**fences etc**
**Vehicles**
**£**
**£**
**236,630**
**-**
**30,761**
**-**
**-**
**-**
**267,391**
**-**
**196,788**
**-**
**15,705**
**-**
**-**
**-**
**212,493**
**-**
**54,898**
**-**
39,842
-
**Listed**
**Investments**
**£**
**57,392**
**785**
**-**
**8,629**
**66,806**
**66,806**
57,392|**Total**
**£**
**426,855**
**30,761**
**-**
**457,616**
**263,045**
**15,705**
**-**
**278,750**
**178,866**
163,810
**Total**
**£**
**57,392**
**785**
**-**
**8,629**
**66,806**
**66,806**
57,392|
|---|---|---|---|
All fixed asset investments are held in the UK. The value of the investments allotted under ranges under the Trustee Investment Act is as follows: Broad range: £66,806 (2020: £57,392).
Page 17 .
**LOWER URE CONSERVATION TRUST**
NOTES TO THE FINANCIAL STATEMENTS (continued) _for the year ended 30 June 2021_
**----- Start of picture text -----**
15 Debtors
2021 2020
£ £
Prepayments and accrued income 2,161 1,789
2,161 1,789
16 Creditors: amounts falling due within one year
2021 2020
£ £
Accruals and deferred income 8,376 9,004
8,376 9,004
17 Fund reconciliation
Net
Balance at movement Balance at
1 Jul 2020 in funds 30 Jun 2021
£ £ £
Unrestricted funds
General fund 315,945 15,101 331,046
Yorkshire Wildlife Trust - Eel Passage - 40,000 40,000
315,945 55,101 371,046
Restricted funds
Yorventure Wetland Link 10,399 (2,600) 7,799
Postcode Lottery Fabulous Fens 2,214 (341) 1,873
East Riding LNR Polytunnel 2,911 (479) 2,432
National Heritage Fund Well Wetlands (1,107) 3,424 2,317
Natural England/DEFRA Reedbed Project (31,510) (39,360) (70,870)
LCF - 2,270 2,270
National Heritage Green Recovery Fund - 45,039 45,039
-
Yorkshire Water Biodiversity Enhancement (9,545) (9,545)
(17,093) (1,592) (18,685)
Total funds 298,852 53,509 352,361
Net movement in funds, included in the above are as follows:
Movement
Income Expenditure in funds
£ £ £
Unrestricted funds
General fund 55,731 (40,630) 15,101
Yorkshire Wildlife Trust - Eel Passage 40,000 - 40,000
95,731 (40,630) 55,101
Restricted funds
Yorventure Wetland Link - (2,600) (2,600)
-
Postcode Lottery Fabulous Fens (341) (341)
-
East Riding LNR Polytunnel (479) (479)
National Heritage Fund Well Wetlands 17,440 (14,016) 3,424
-
Natural England/DEFRA Reedbed Project (39,360) (39,360)
LCF 2,270 2,270
National Heritage Green Recovery Fund 66,400 (21,361) 45,039
-
Yorkshire Water Biodiversity Enhancement (9,545) (9,545)
86,110 (87,702) (1,592)
Total funds 181,841 (128,332) 53,509
**----- End of picture text -----**
Page 18 .
**LOWER URE CONSERVATION TRUST**
NOTES TO THE FINANCIAL STATEMENTS (continued) _for the year ended 30 June 2021_
## **17 Fund reconciliation - continued**
The Yorventure Wetland Link Fund is a project funded by Yorventure to create a dipping pond and to update the footpath.
The Fabulous Fens Fund is a project funded by the Postcode Lottery to recreate fen and mire habitats.
The Polytunnel Fund is a project funded by East Riding LNR to purchase a polytunnel.
The National Heritage Fund Well Wetlands project is enabling the charity to expand habitat management sensitive to visitor, landscape and nature. This fund is claimed retrospectively and will finish in 2021/22.
The Natural England/DEFRA project is a Countryside Stewardship Hier Tier Scheme including Bittern Excavation costs. This fund is caimed retrospectively and a claim will be made in 2021/22.
National Heritage Green Recovery Fund is a fund to restore the Swale and Ure washlands.
Yorkshire Water Biodiversity Enhancement is a fund to expand priority wetlands in the lower Ure valley.
## **18 Analysis of net assets between funds**
|**Unrestricted**
**funds**
**£**
Fixed assets/investments
**198,424**
Cash and current investments
**112,904**
Other current assets /liabilities
**59,718**
**Total**
**371,046**|**Restricted**
**funds**
**£**
**47,248**
**-**
**(65,933)**
**(18,685)**|**Total**
**£**
**245,672**
**112,904**
**(6,215)**
**352,361**|
|---|---|---|
## **19 Related party transactions**
There were no related party transactions during the period (2020: £nil).
Page 19 .
**LOWER URE CONSERVATION TRUST**
INDEPENDENT EXAMINER'S REPORT
_for the year ended 30 June 2020_
## **Independent Examiner's Report to the Trustees of the Lower Ure Conservation Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Company (and also directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
- 1 accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
- 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- 4 the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated: 10-Mar-22
Guy R Baragwanath FCA
## **C & G B Associates**
8-10 Millgate Thirsk North Yorkshire YO7 1AA
## Final accounts LUCT
Final Audit Report
2022-05-16
Created: 2022-05-04 By: Guy Baragwanath (mail@cgb-associates.com) Status: Signed Transaction ID: CBJCHBCAABAAggbRaGttpF4IAnBOLqSDwrjavOG4RuXr
## "Final accounts LUCT" History
Document created by Guy Baragwanath (mail@cgb-associates.com) 2022-05-04 - 3:38:39 PM GMT
Document emailed to SP Warwick (simon.warwick@luct.org.uk) for signature 2022-05-04 - 3:39:35 PM GMT
Email viewed by SP Warwick (simon.warwick@luct.org.uk) 2022-05-16 - 2:12:45 PM GMT
New document URL requested by SP Warwick (simon.warwick@luct.org.uk) 2022-05-16 - 2:15:28 PM GMT
Document e-signed by SP Warwick (simon.warwick@luct.org.uk)
Signature Date: 2022-05-16 - 2:19:14 PM GMT - Time Source: server
## Agreement completed.
2022-05-16 - 2:19:14 PM GMT