2020-12-31-accounts - The Wye And Usk Foundation

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		Page
Trustees' report		1-13
Statement oftrustees'	responsibilities	14
independent auditor's	report	15-18
Statement offinancial	activities	19-20
Balance sheet		21 - 22
Statement ofcash flows		23
Notes to the financial	statements	24 - 44

Reference	Reference	and administrative	and administrative
Company		number		03343965
Charity	number			1080319
Registered		office		The Right Bank
				The Square
				Talgarth
				Brecon
				Wales
				LD3 OBW
Trustees				C Newington-Bridges-			Chair
				R Murray- Vice Chair
				Major P Darling
				H Harrison
				P Horsburgh
				AJohnson
				P Lloyd
				C Morley
				EPassey
				M Timmis
				R WBlears	- resigned		30/11/20
				AJ R Sawyers - resigned 30/10/20
				KWaters -	resigned	13/07/20
				R Edwards	- appointed		19/3/21
				F Hillman - appointed			19/3/21
				R Norman	-appointed		19/3/21
Key management			personnel	SEvans - CEO
				SJohnson-	Marshall	-	Head	ofMarketing
				KAdams -	Head of Land Management				(England)
				SGray - Head of Finance
				LMacdonald Ames - Head ofOperations
				G Davies -	Head of Natural			Capital
Auditor				Azets Audit	Services
				Ty Derw
				Lime Tree Court
				Carditf Gate Business			Park
				Cardiff
				CF23 8AB
Bankers				NatWest
				27 High Street
				Brecon
				Powys
				LD3 7LF

Current financial year	Current financial year							Restated
				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds
				2020	2020	2020	2020	2019
			Notes	8	6	6	8
		r m
Donations and legacies				67,476	83,125	18,795	169,396	129,727
Charitable activities				236,850	1,053,544		1,290,394	1,342,288
Other trading activities				388	5		393	1,486
investments				169		3,785	3,954	4,799
Other income								778
Total income and	endowments			304,883	1,136,674	22,580	1,464,137	1,479,078
E~dit
Raising funds			8	21,602		1,505	23,107	1,826
Charitable activities			9	346,666	999,648		1,346,314	1,353,416
Total resources expended				368,268	999,648	1,505	1,369,421	1,355,242
Net gains/(losses)	on investments		14			5,304	5,304	24,450
Net (outgoing)/incoming		resources
before transfers				(63,385)	137,026	26,379	100,020	148,286
Gross transfers between funds				14,257	(14,257)
Net movement in	funds			(49,128)	122,769	26,379	100,020	148,286
Fund balances at 1 January		2020		(32,161)	210,359	223,441	401,639	253,353
Fund balances at	31 December
2020				(81,289)	333,128	249,820	501,659	401,639

Prior financial year					Restated		Restated
				Unrestricted	Restricted	Endowment	Total
				funds	funds	funds
				2019	2019	2019	2019
			Notes		f	6	8
wm	n
Donations snd legacies				37,401	76,359	15,967	129,727
Charitable activities				204,850	1,137,438		1,342,288
Other trading activities				1,030	456		1,486
Investments				154		4,645	4,799
Other income				778			778
Total income and endowments				244,213	1,214,253	20,612	1,479,078
Raising funds				360	68	1,398	1,826
Charitable activities			9	278,733	1,074,683		1,353,416
Total resources expended				279,093	1,074,751	1,398	1,355,242
Net gains/(losses) on investments			14			24,450	24,450
Net (outgoing)/incoming transfers		resources before		(34,880)	139,502	43,664	148,286
Gross transfers between	funds			(14,350)	14,350
Net movement in funds				(49,230)	153,852	43,664	148,286
Fund balances at 1 January		2019		17,067	56,509	179,777	253,353
Fund balances at 31 December 2019				(32,163)	210,361	223,441	401,639

			2020		2019
		Notes	6		8
Fixed assets
Tangible assets		15		16,895		29,287
Investments		16		238,819		223,447
				255,714		252,734
Current assets
Stocks		18			55
Debtors		19	291,983		258,833
Cash at bank snd in	hand		398,341		193,368
			690,324		452,256
Creditors: amounts	falling due within
one year		20	(400,247)		(303,351)
Nei current assets				290,077		148,905
Total assets less current liabilities				545,791		401,639
Creditors: amounts	falling due after
more than one year		21		(44,132)
Net assets				501,659		401,639
Capital funds
Endowment funds - general		25		249,820		223,441
Income funds
Restricted funds		26		333,128		210,361
Unrestricted funds				(81,289)		(32,163)
				501,659		401,639

				2020		2019
				8		8
Cash flows from operating	activities
Cash generated from/(absorbed		by)	30
operations					161,089		(12,724)
Investing activities
Purchase oftangible fixed assets						(5,545)
Proceeds on disposal oftangible		fixed
assets						778
Purchase of investments				(59,692)		(51,487)
Proceeds on disposal of investments				49,622		21,590
Investment income received				3,954		4,799
Net cash used in investing	activities				(6,116)		(29,865)
Financing activities
Repayment of borrowings				50,000		100,000
Net cash generated from financing
activities					50,000		100,000
Net Increase In cash and cash		equivalents			204,973		57,411
Cash and cash equivalents	at beginning		ofyear		193,368		135,957
Cash and cash equivalents	at end of		year		398,341		193,368

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				Restated
			2020	2019
				6
Passport	scheme		91,829	84,940
Miscellaneous			2,288	2,237
Grants			1,196,277	1,255,111
			1,290,394	1,342,288
Analysis	by fund
Unrestricted funds			236,850	204,850
Restricted		funds	1,053,544	1,137,438
			1,290,394	1,342,288

Other trading activities
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2020	2020	2020f	2019	2019 f	2019 5
Sale ofmerchandise	388		393	1,030	456	1,486
Investments
	Unrestricted	Endowment	Total	Unrestricted	Endowment	Total
	funds	funds		funds	funds
		general			general
	2020	2020			2019	2019
	6	6				6
Interest and dividends	169	3,785	3,954	154	4,645	4,799

							Total	Unrestricted
								funds
							2020	2019
							2	2
Net	gain	on	disposal	oftangible	fixed	assets		778

			Restated
		2020 6	2019f
Stall costs		104,235	91,260
Costs of donated services		12,959	3,792
Direct expenses		348,811	347,334
Marketing		18,387	45,783
		484,392	488,169
Share ofsupport costs (see note 11)		854,922	853,392
Share ofgovernance	costs (see note 11)	7,000	11,855
		1,346,314	1,353,416
Analysis by fund
Unrestricted funds		346,666	278,733
Restricted funds		999,648	1,074,683
		1,346,314	1,353,416
Grants payable
			Restated
		2020	2019
Grants to institutions:
Herefordshire Wildlife	Trust	72,600	67,875
Severn Rivers Trust		45,365	68,979
		117,965	136,854

Support costs	Support costs	Support	Governance	2020	Support	Governance	2019
		costs	costs		costs	costs
		f			E	6
Staff costs		711,580		711,580	690,046		690,046
Depreciation		12,392		12,392	14,334		14,334
Motor and	travel	38,523		38,523	52,707		52,707
Premises	and office
costs		47,828		47,828	86,114		86,114
Financing		66,201		66,201	10,191		10,191
Audit fees			7,000	7,000		11,855	11,855
		876,524	7,000	883,524	853,392	11,855	865,247
Analysed	between
Fundraising		21,602		21,602
Charitable	activities	854,922	7,000	861,922	853,392	11,855	865,247
		876,524	7,000	883,524	853,392	11,855	865,247

		2020	2019
		Number	Number
Staff deployed	in projects	23	23
Staff deployed	in central administration	3	3
Total			26
Employment	costs	2020 8	2019f
Wages and salaries		678,160	650,128
Social security	costs	59,588	59,769
Other pension	costs	78,067	71,409
		815,815	781,306

Endowment	Endowment
funds	funds
general	general
2020	2019
8	8
5,304	24,450

15	Tangible fixed assets
			Office	Computer	Motor vehlclee	Total
			equipment	equipment
			6	8	8
	Cost
	At 1 January 2020		1,543	7,270	54,905	63,718
	At 31 December 2020		1,543	7,270	54,905	63,718
	Depreciation and impairment
	At 1 January 2020		450	6,183	27,798	34,431
	Depreciation charged	in the year	386	1,025	10,981	12,392
	At 31 December 2020		836	7,208	38,779	46,823
	Carrying amount
	At 31 December 2020		707	62	16,126	16,895
	At 31 December 2019		1,093	1,087	27,107	29,287
16	Fixed asset investments
				Listed	Cash in	Total
			investments		portfolio
				8
	Cost or valuation
	At 1 January 2020			220,008	3,439	223,447
	Additions			59,692		59,692
	Valuation changes			5,302		5,302
	Cash movement				(2,377)	(2,377)
	Disposals			(47,245)		(47,245)
	At 31 December 2020			237,757	1,062	238,819
	Carrying amount
	At 31 December 2020			237,757	1,062	238,819
	At 31 December 2019			220,008	3,439	223,447
17	Financial instruments				2020	2019
					8	6
	Carrying amount offinancial assets
	Instruments measured	at fair value through	profit or loss		237,757	220,008

18	Stocks
						2020	2019
						8	6
	Finished goods		and goods for resale				55
19	Debtors
						2020	2019
	Amounts falling due within one year:					6	6
	Trade debtors					102,468	21,664
	Other debtors					173,381	221,734
	Prepayments	and accrued income				16,134	15,435
						291,983	258,833
20	Creditors: amounts			falling due within one year
					Notes	2020 6	2019f
	Borrowings					105,868	100,000
	Other taxation		and social security			17,125	15,165
	Deferred income				23	11,575	81,492
	Trade creditors					21,455	11,642
	Other creditors					211,010	49,150
	Accruals					33,214	45,902
						400,247	303,351
21	Creditors: amounts			falling due after more than one year
						2020 6	2019f
	Borrowings					44,132

22	Loans and overdrafts	Loans and overdrafts	Loans and overdrafts
						2020	2019
						6	6
	Other loans					150,000	100,000
	Payable	within one year				105,868	100,000
	Payable	after one year				44,132
	Amounts	included	above which fall due after five years:
	Payable	by instalments				4,098
23	Deferred	income
						2020f	2019 8
	Other deferred income					11,575	81,492
	Deferred	income	is included	in the financial statements	as follows:
						2020	2019
						6	8
	Balance	brought	forward			81,492	81,754
	Income received					21,912	84,678
	Income released					(91,829)	(84,940)
	Balance	carried forward				11,575	81,492

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30	Cash generated from	operations	operations					2020	2019
								6	6
	Surplus for the year							100,020	148,286
	Adjustments for:
	Investment income recognised		in statement		offinancial	activities		(3,954)	(4,799)
	Gain on disposal oftangible fixed assets								(778)
	Fair value gains and losses on		investments					(5,304)	(24,450)
	Depreciation and impairment oftangible fixed assets							12,392	14,334
	Movements in working	capital:
	Decrease/(increase) in	stocks						55	(22)
	(Increase) in debtors							(33,148)	(151,158)
	Increase/(decrease) in	creditors						160,945	(75,629)
	(Decrease)/increase in	deferred	income					(69,917)	81,492
	Cash generated from/(absorbed			by) operations				161,089	(12,724)
31	Analysis ofchanges	in net funds
							At 1January	Cash flows	At 31 December
							2020f	6	2020
	Cash at bank and in hand						193,368	204,973	398,341
	Loans falling due within	one year					(100,000)	(5,868)	(105,868)
	Loans falling due after	more than one year						(44,132)	(44,132)
							93,368	154,973	248,341