THE EUROPEAN NATURE TRUST REPORT AND ACCOUNTS YEAR ENDED 5 APRIL 2021
THE EUROPEAN NATURE TRUST INDEX Year ended 5 Aprfl 2021 Gend Informatlon Report of the trustres Aud*05 Report Strtemt offmanci21 actNiues Balance sheet 10 Now to the flnan¢lal statEments
THE EUROPEAN NATURE TRUST GENERAL INFORMATION Year ended 5 Aprll 2021 (Chaymth) Toby Aykroyd David Elton WIG8DY Sdldton ECrf 4AY 6CRtedeTrè 2633 Nd¢r¥Th WCL4 ILS C Hoare & Co 37 Rerf S¢ EC4Y 18T IIX11283
THE EUROPEAN NATURE TRUST REPOR T OF THE TRUSTEES Year end•d S Aprfl 2021 The Trustees present thlr rewt alon8 wlth flnanclal s¢atements of the charfty for th¢ y¢ar fjnded 5 April 2021. The ftr4Klal statements have been prepared In xcordance wth the xcoun¢lng poli¢¢es s¢t out on pages I l and 12 and ¢omply wlth the th¥ty's trust deed. the Charl¢les Act 2011. and the S¢aoment of R•comm¢nded Prardce: Flnancknl Reportthg Standard 102 155ued on l January 2019. Structure 8overnanc•, and manas•m•Tht The &ropean Nature TruK (TEND Is a rrust consdwted und¥ a trus¢ deed dated 21 Nov¢rnber 2CQI, and li Sred charlry. numbèr 1091283. The deed provldes for a mlmuM of B tnjstees. The TNs¢ees hav¢ seryed durlns th• yw and slnce the year end are on pa8• 2, together wlth p¥dcularn of the Charlty's profession adv15er5. T Trwteu meet regularly to a8ree the broad stratw and areas of activty for th¢ Tru$4 Indudln8 conilderatlon of ant maklng revlewlns Invesrmen¢ polkt¢s and performance. The Trkbstees have as5e55ed th• malor r15k3 to whlch the charlty ts exposed. In p¥¢Ilr thos¢ related to the ow4tksns and flMnce> ol the tharlty and are 5attsll•d tha¢ IremI In place to ml¢l8at• thdr yposure to the malor rks. Flnncln8 The chlrlry hu In •ndtswm•nt lund th• valu• ol whkh itood at £3.S48,411 as at 5 Aprll 202112020. £3.167.3711. Th• •ndovm)•nt fund 15 provlded for Investment purpos•i. Th• Incom• ern£•d from Investment of the fund us•d to flnance the charlty's actlvltles. Income from th• Imst•d •ndowm¢nt fund Is all utdlsed for TENfs adM1ntstrdr running and overhead c05t5 thereby ensur that 100% of donors. and partners, funds flow dlredy Into prol•cr actfvlcle5. 1 P Morgan Bank Luxembourg S.A. ha5 b•en contrdtced to the Invesfftnr of TENTS •ndowm•nt fund kn ¥ prudent nr. Inv•itment Incom• gneTrr•d In th• y•ar amounted to £84,622 {2020 - £70,323). Dur1 th• y•Jr, TENT recelved dlrec¢ ex¢ernal don8tbns arnguntknl ro £53,440 (2020 - £116M47). The thirly applled don¢)rt' fund5 as well as funds from Its own Incom• $¢rnam for charItab purposu. Projects and acthiltl ftnanc•d durlng thé year are detalled below. Ar the year-end the resetves amoun¢ed ¢0 £nll12020 . £nlll. Charl>ble empenthrr• and gtsv•rnanc• costs ire pld aut of the unrestrltted fund. or In ¢he even¢ ¢h•¢ thls does no¢ Ve 5uffkient fund5 there 1$ an expendab endgwrnent fund whkh can be used to cover these cojts. Durlng the yr funds of £175,677 12020 - £0) w•r• transferr¢d from the expendable endowment fund to the unres¢rS¢ted fund The adequacy of the reserves pollcy rèvltw¢d annYly. Oblectlves and artlvltles for th• publlc b•n•flt TENT iupports funds Inlthtl¥es chat prorece and restore wlld habltats In Europe. The Tnjstees focus thelr ai¢fvl¢les In four geographkal areas., the preservation of old yowth forests and wlldlW In the Carpathian Mountaim of Romankn.. re$toratlon and specles reIntrodUc0 Ired squirrel, wlldcat) ln1t1ates In the Scott15h HhndS,. 11111 the prote¢clon of wildllf• irt tht Cantabrlan moun$ of Spain. wlth a focus on large carnlvores (brown bear, woll, lynx> {Iv) the protectlon ¢f wlldlwe In the Apennlne Mountalns ol ltsty. wlth a focus on the ¢rklcally endangered Marskan bear. In these areas the Trust works With dpnors and partner5 through Its core actMtles- trav81. cornmunkatloni, and even¢$ - to support leadlng conseTr3tton projects that protect and enhance wlld habitats, protect andlor re- introdu¢¢ wild anlmak and dellv¢r Social and economic benefts to local cornrnunes. They a150 fund youth education and outrn¢h pr¢8rammes that enhantr vnderstandin8 of. and connection with. the natural worf
THE EUROPEAN NATURE TRUST
Yoar ¢nd¢d 5 Aprll 2021
Tnjstw. IAvln8 reprd to the pthli¢ benelk wl&nce by the Chvky Comrni5sion in accord£ wlth
secdon 17 of th¢ Chthrks Aa 201 l. conslder the purpose acts¥ltles ol dwlLy ttsfy the requlr8monts of
the publk b¢t tex sec t)ur In sectlon four of the same cL
Trustees. respOnbIlItIeS In r•latlon to th¢ Inandal Jtatements
The Trustees are responsible for preparirry the Tru5tees' report and the flnanrhl statemen¢s In K¢ordan¢e wlth
aPplice law and Lknited KE)M A¢wuntirry Standar
THE EUROPEAN NATURE TRUST Y¢ar ended S Aprll 2021 Romanla conser.. Workin8 WTrth its partner5 and through FundatR Con5Eryatbn Carpa¢hia {FCCI, TENT conttnues to make 5i8nificant pro8ress toward5 its goal of creatin8'Tr Yellowswne of Europe., TENT is playing a key role $upporung FCC In their 8031 throu8h notworkin& fun(fing protects and fvndratsln& Consfftth.. TE t¢Mtinued to support the chartty Funth¢rOn Oso Pardo in ¢he Cantabrian Mountains of Northom Spain. Itafy conseTh.. TENT continued ¢0 support the ¢h3rw Salviamo L'Or50 in Apennine M4)untalns of ¢tThtr Itly. Its focus Is on worklng to save the Marskan brawn bear from eXtction. oth trlbtrtkns.. TENT has made 50me other $mler oneff contrfoutlon5. PAU 544 Ma
THE EUROPEAN NATURE TRUST AUDITOR'S REPOR T Year end•d S Aprll 2021 Oplnlon We have audited the financial statements of The Eurnpean Nature Tru5r (the 'tharlry') for the year ended 5 April 2021 which comprise the statsrnent of financral activitle5, balantr sheeL and nows to the financlal ststements. cluding a 5umm2ry of signrficant accounting policies. The ffinancial reportmg framework that has been applled In their preparation is applicable law and United Kingdom Accounting Standards. Indudlng Flnanclaj Reporting Standard 102 The FironcHI Reportw¢ S¢aDdard applicable in the UK and Republk of Ireland Iunlted KWM Generauy Accepted A¢counthg Pra¢). In our opinlon. the finawKral staternents: ¥ve a true and far View of the state of the charlty'5 affair5 a5 5 April 2021 and of its kncoming resource5 and applIctt of resources for the year then ende¢ hive been propwty prepared In accordance with United Kingdom Generally knepted A¢countin¥ Prac. and have been prepared In t¢rdar wlth the requlrernents of the Charities Att 2011. Baslg for oplnlon We cOndted our audit in accordance with Internallon SLandard5 on Auditing IUKI (ISAS IUKII and applicable law. OJr Te5ponsib¢litie5 under those standard5 are further descdbed In the AudSrorfs responsthilltles for the aud of the ffflancral statements sertion of our report We are Independent of the charlty Sn accordan¢e with the ethlcal requirements that are relevant to our audit of the financial 5tstements In the UK. Includlng the FRCS Ethlcal Stsndard. and we have fulfilled our other ethKal respon5(bilitie5 in accordance Wbth these reqUIrem) Wè Wleve thx the audit evidence we have obtained is suffiaent and appropriate to provide a basis for our ¢plnkn. Concluslons re]atln8 to 8oln8 conce In audltlng the ffinancial Stmenty we have concluded that the trusTre's use of the 80in8 concern basls ol accounting in the preparation of the fmancial statrments is approprkite. Based on the work we have performed. we have not identrfied any material uncertainties relaong to or condirlon$ thaL IndividulY or collettively. may cast SI1cant thubt on rhe charity's abillty to contlnue as a golng concem for a period of at least e1Ve months from when the financial statements are authorised for issue. Our re5pon5ibiliues and the responsthilties of the tru5tee5 with respect to going concern are described in d relevant $edons of thi5 reporL othor Infomwdon The other inforn)adon comprlses th¢ InforrrAcion induded kn the annual repor4 other than the finaftcial statements and our auditor's report thereon. The tru$rees are responslble for the other Infomution. Our opinb)n on the f4nan¢ial sutements d085 not cover the other Informatyon and we do not express any forni of assurance conclusion thereon. In cgnnettion with our audit of the financial $tarernent& our resPo111rY is to read the other information an4 in doing 50. consider whether the other information is materrally inconsistent with the financial Statents or our knowle obtarned in the audit or OtherSe appe to be rna(erMlly mi55Uted. If we identfy 5uth rnaterAI inconslsterKtes or Ipparent mater1 mSCalemen(s. we are required to det¢rmine whether there ts a material
THE EUROPEAN NATURE TRusr Y•ar •nd•d 5 AP 2021 mlsstat¥nent In the IbwKlal s0MentS or a mi5St•rrrf of th¢ wrformRtbon. If. based on the work we have perfornd we canckmk that there bs a Thst•wnent <4 thi5 other infornMDw are requlred ro report thac fatL W• ha¥• nothkny to r8POrt kn thB r•prd W• haw nothtr4 ro rewt In rert of the foloW matterj In rqkntion to ttke (Accounts and Reports) R¢8uWn$ 2tJ)8 rewh us to rwe w you il. In our opknin: the Informathn the fth1nd srat•merrfs b kn¢¢)nsknw mt•rknl r•spart the trtee$ lficlent accoundr¢ ha¥• not been or w• n4x r•c•lv•d th• Inlornth ey•knratlons w• requh for our au R••PonbIlIt1 of trwt••s A3 expl•lnod rnor• bjlly In the tnot¢u' r•%ponsd>iliLl# statunEnt sec ouc M p4e 4. the tntsteei are re5ponsibl• for the pr¢paradon of the fin¢1 s¢•temenrs and for sausfd that they Y¢ a I¢ and (alr vlew, and for such Intern control as the rAu)tws deterfflkna kn n8cessary t4 enable the pr¢pra¢lon of fbncknl staternents that In preparlng th¢ firAntht itatements. the ¢rus¢e•s are re¥pon5hle for a55e5sin8 the ¢harlty's ablllty to contlnue u 4 golng con¢ern, dls¢losh& 48 applkabk. mat¢ws related to corKern and u5ini the 8oln8 ¢on¢ern basts of a<countynK unlus th¢ trustees elther kn¢end w liquldate the charliy or to cease opernrkn& or have no [Stk alternithy kn to do so. Audltorfs r¢Jponilbllttl¢s lor thè audlt of thè stat•m We have been appoknted as audrw under se¢cion 144 of the CtrArths kn 2011 and ryprt In accordAnc• wlth th• A¢¢ and relev1 re•Jlarlons rrnde or hav effect thweundor. Our obctIVeS are to obtain reasonable assurance T•tyhets the fmanc1 5taremenrs as • are free from materlal m15stateff4 whether to fraud or error. and to 155ue an ¥Jditor's repprr that Indude¥ our oplnbn. Rta5pnable assurance 15 a hi leyd of a5suranc4 but i% not a pwanree that an audit ronth£ted 1¢Wrd w ISAA (UK) will alwap detect a material Mtstement vthen it txIs Mi55taternents caTh arise from fraud or error and are wnsldered maril rf. or in arn Cod reasonabty be expected to Influence the IrrtyilarlDe4 are k4wices of rKffiwCoTrWlcÈ $ and regultJoN. We desSgn procedurei In Ilne with our reSPobrtieI, outllned abov4 to detect rnater mstatements in re5pert of rylaritse5. includln8 frau& The extent to which our prdureS are capable of detert1 irregularirie5, inchjd fraud 15 detailed below. We 8ained an under5tanolng of the I and regvlatory frarnrk atglKable to the charity by coThsidering* amongst other thin£& the sector in whth it cyerate5. and Considered the risk of acts by the charrty that were contrary to applkable and Iulg fraud We dE5V audx procedure5 to respond to the
THE EUROPEAN NATURE TRUST Yw ¢bvl¢d 5 Apra 2021 a55e55ed level of ri5l but recognised that the risk ol not detectN¥ a Materi Mtement due ¢0 fraud ts hlgher than the risk of not detecting one resuking from error. a5 fraud may wNol%r deliberarg n¢t1%l by. for example. forgery or intentionl mtsrepresenutsfj. or colluskxL We focused on knws and regulations wthKh could wve to a rnaterml rni55titrment in the lIn¢ sta[emts. IndudW but not linited to the Charitits Art 2011. journals and Uating whether there was ldeKe of bias by Maerr( that repreIEd a rlsk of materfal rni55taternent the to frau& There are inhereftt linit•¢#yu In the au¢%r proCere$ descrèed akthe and the further removed n0cOMplIan with laws and regulatyons ts from the ertnu and trar¥ait refie¢¢ed in the fmancial statements, the less likely v would bec< aware of i We dld not Idthtfy kry auth¢ nut¢ers rthting to Irregularity fraud A further destttydon d our reswtsilxres ftr the audk af the Ihwi¢d stttements is loated on the nIn¢1 Reportlr¢ Counufs webstte ac tI•WW.fraKor$r¢mI[Ie$. Thls dtscrydon forms part crf our audknrf$ reporL U5• of our report Thi% report is rnade soldy to the charity's trustees. a5 a boty. in accord with regulations rrAde under sethon 154 of the Chariue5 Att 2011. Our au&rt work has been unknaken so that we rnight srate to the charity's trustees those matters we are re¢wired to state to them in an author's report and for Th) other purpose To the lu15est extent permitted by w, we do Tt Xcept or ass resportsbliry to anyr other than the and the charity's tru5tee5 as a boty. for our auth for thi5 repo or for the we have forn Don Wi150n Audit LLP. StatLW Authtor 22 Chantery Lane Lpndon WCZ4 ILS 9 May 2022 Dixon Wiknn Auth Services LLP 15 to artas an audthr in terms of section 1212 ofthe Conymn Aet
THE EUROPEAN NATURE TRusr ST ATEMENT OF FINANCIAL ACTIVITIES Year ended 5 Aprl 2021 Funds 2021 2020 53,440 84A22 1114 53,440 84,622 1114 116.847 70.323 3.463 Investrnenty Total In¢om• 140,176 140.176 190.633 Éxp•ndltsw• o Rthlry fun& 30834 37th9 34.799 Chth¢abl¢ a¢thlths Y)9598 309.598 369.416 315*53 30134 346.687 404215 587351 587551 (105.623) N•t (expèndltwe) I Inco {175h77) 556.717 381,040 (319205) 175h77 (1751+77) 381M) 381.010 (319205) R•condlts¢kn of fun TO fun& brouth¢foThvard at6 2020 Totsl fijnds urrbed forwvd at S 2021 1167371 3,167,371 3.486570 3,5ffl411 3.167J71 3348.411
THE EUROPEAN NATURE TRUST ALANCE SHEET At 5 A11 2021 2021 20211 Investrnents 3A64.455 3244.052 3W.491 3244.360 Cumnt *M•ts Debtors 10 $0,475 71 20.475 121836 121319 143.311 I2314) {Ii&owJi 3.548,411 (220.300) {74989) 3.167.371 N•t rr¢n¢ IlatrAlld•s Total l•sJ IlablN¢i•¥ Funds 13 3.548,411 3,167.371 3.548.411 3.167,371 statemonts p•8•s 9 to 17 apwed by the Trurtees br. 5 May 2022 <)n PAU 10
THE EUROPEAN NATURE TRUST NOTES TO THE FINANCIAL ST A TEMÉNTS Y••r ondod 5 Aprll 2021 Accountlng pollcl (a) of prnparatlon The flnanckll sra¢emen¢s are prepared under the hls¢orlcal cost COnvendo with the ex¢eptlon that Investments •re Includtd at market Ut. The flnanclal staternenu hav¢ been prepared kn accordance wlth the Statement of ReEomrnended Pracdce: Accountlng and Reportlng by Ch¥itles pr¢par4ng their accounts In accordance wlth rhe Fin8nd Repor8 Standard appllcable In the UK and RepubllE of Ireland {FRS 102) 15sued on l January 2019 and the Chvltle5 Act 2011. The trustconsdtyw • publlc benefit enthy a¥ ddned by FRS 102. (b) C•)ns0lltl¢n Consolldi¢¢d i¢wunts have no¢ been prw¢d a5 the tru5teu conslder that the results of th¢ subsldlary dertakIn Jr• fiot Mator1 eo tho you (¢) Fundi tru¢tur• The thwity has an eyyndable endowmert fund whkh cornprlses th¢ orlglnal donatlon plu5 th¢ subsequont cap1 apprec£1 on the Investmenrs wthln the fund. Investment maTha8?men¢ ¢h¥gw are CW a8alnst fund The unre5tr1cted Income fund comprL%i und15trtsutsd Income of the tharlty. The trustw are free to uie l>oth fun& In accor&nEe wlth tk objects of th¢ charfty. (d) Inm0 r¢co¥nltl¢n All Income Is re8ned once the charlty hu entltl¢mènt ¢0 ¢hè Intom4 li prcbabl• thit th• Incom• WMI b• recelyed, and the amoun¢ of IoMe recefvable can be measured r¢lthbty. Ck>rwtloni rfvable rtt0ed on the date that the trust kn andded to th• donadon. Olvbdends and slmlhr In¢¢Jme are r¢co8nlsed rffj the dat• the trust bocomu •nthl•d to th• Incom& Intarnst Is r¢cw159d on an acuuah bas15. (•) Expendlturn rn¢08nltlon Llabllltles ¥e re¢o8nls¢d as pendIre as soon as ¢h¢r• Is a lepl or ¢onstyu¢Lfve obllgatlon comrnltring the charlty to that expendlture. It li probablE that settlerTKnt wlll b¢ requlred. and th¢ •moun¢ of the obllgatloD be me•sured rellably. All ¢¥p¢ndl¢ur• Is accounted for on an accnwls bul& All expEn5e5 Indudin8 5UPPOrt costs and 8overThan $ts are alloctt¢d or w¢xtloned to the appllable expendi¢ure headlny. Grants payable are re¢o8nlsed In the ftnancial sut¢menrs when a spe¢ffl¢ cpmmltmen¢ has been made ¢0 th* reclplent and the charlly has reralned no dlscretton to terminate, or the grant ha5 been pald, whlchever Is the earller. (o Irr¢w¥•rable VAT Irre£0le VAT is ¢h•ryd as a cort aplnst th¢ a¢tfvlty forwhkh the expendUre was Incurred. (8) Governa¥ Costs Gov¢rnan¢e ¢05ts indude those C4Xts a$$0¢ted wlth nxrfing the ¢onsollthted and standlng requlrements of the tharlty. Governance ¢osts relate to charitable attNltie
THE EUROPEAN NATURE TRUST NOTES TO TH E FI NANCI AL ST A TEM ENTS {contin u•d) Year wHl¢d 5 Aprll 2021 Accountlng pollclès (¢tInued) (h) Corts of r4l$ln8 funds The c05rs ofgenerating fun& indude irwe5tmentrnan4emK ¢oxs. Charltable activities Costs ofthari¢knle a¢¢i¥tiM Ilde matk and governance c05ts a5 shown in ffte 7. Fixed asset inTR5tments 5ted inve5unents are sutsd at market valu& Unli$ted invesrments are stated ac market Ydbje If thts can be rel rnea5ured, OtherWe they are heh4 at £05t less irnpairm)L <k) Flx•d ass•ts and dweciation TanEible red a55ets are naSured at cost less accumulated depretiatyon and any accumulated impairment losses. DepreCon 15 provwled on tangible fbxed assets at the fomowing annual rate5 in ordv to Wri off the cost less estimated re5hdual valu4 of each asset on a Strat-l¢ne ba515 over ir5 eype¢*d useful Ilfe as fol0. Cornputer eqUIprt- 3 year5 A111<d gains and lo5SéS 1 and losses are taken to the Statement ot Financial ACtNI as they arise. Reallsed ard UnreISed vestm¢ gains and losses are comblned In the Statemen¢ of Fin3ncial Acuviiies. (m) Taxatlon The tharlty L8 exenyfrom raxarlon under setrlon$ 521 to 536 of the Inconp Tax Act 2007. (n) Financial instruments Financi ir4tsi¢ments are accounted for. ac¢orthrfg to the substynce of the Contracts arrangemenk 35 financ assus and t)nan Ilthlle$. Donatlons and le8acles 2021 2020 Donathns recefved 53.440 I la847 53,440 116.847 I donation and legacy income in 2021 and 2020 reLited to the unrestricted fund. 12
THE ÉUROPEAN NATURE TRUST NOTES TO TH E FI NANCIAL ST A TEMENTS Icontlnued) Year qndod 5 Aprll 2021 Inv¢stmènt Incomo 2021 2020 IDtereston cash held as p¥¢ of the Invests7)ent portfolio Interest on Apperley Prop¢rtles Umknd Preference shar IT¢ from Ilsd Investments 78 631too 21544 307 03,000 7.010 84fy22 70.323 11 Invu¢ment Income In 2021 and 2020 related to tho unwtrfcted fund. RoyAIty Incom• 2021 2020 N•tura Slbqrlk• royth 1114 3.463 2.114 3.463 Al royxky Income In 2021 and 2020 related to the unr¢strk¢¢d fund. Ra19 fundi 2021 2020 Publklty Webske Aq¢nts' fe Inv•itrnert manapmont wirs 5,433 24.002 237 198 9,702 216 30.834 37,089 34.799 In 2021, £6255 rnlslni funds expen¢llture reknted w the unrestrlctod fund12020- Q5,097) and £30034 rqlatd t¢ th• expendable endowmerttfund (2020. £9,702). Allocatlon olsupport costj and overta& The breakdown of support costs and how thest be allo¢at4d bemen Governance and Chthtrble actMtle> shown In th• tabh b¢lw. Charl¢abl¢ 8wls of ttyp• Staff ¢osts Subscrlprk*ns DeprKLitJon 4,342 1617 2n 1,086 Staff dm• 2n 7.231 1.086 &145
ThE EUROPEAN NATURE TrUST NOTES TO TH E FI NAN CIAL ST A TE M ENTS {contin ued) Year •nd•d 5 Aprll 2021 2021 2020 Grdrts for tharl¢•ble work. FCC Propark Wild KtnKdom Beliie Ondude5'. FCD (Sudett Macaws}, CRC {Crocodlle). Bellze Uncovered BelueJa8uar Project and'The Wlld Chris Morgan Podcast) 65163 33.395 31.428 34,410 IrKI.273 64.823 Supptytcosts auoc&ted wth pro expendture and ryits: Staff Prfnthg. posta¥ and Depre£latlon Subscrlptkjns 3,256 82.788 1.120 In 3.110 2n 2,617 6.145 87.290 Protert expend. Beaver Trust Eco Touthm Prole¢¢ EnrOnmen Funderi Nthork European Mammal Fountht rope Project Other bjropè ProS•ct Upnmr Ev•nt expensq• a FoundIOn Rfverwoods (The Blg Pl¢¢ure) ROmkn Eduuthn &Js Romants- Other Royal Zoologkal Sodety SvlI L'orso Scodand Pro5ert HOWL Fundaclon Oso Pardo Spaln CBD Parn LA Cor*4rttcl¢n 12300 7,5t70 1,500 1.295 6,490 53,44 3,450 30. 15mO 25234 13.6CII 22.490 28,157 34279 169.432 147J46 Soff costs Attounrancy ftt5 Auditfee8 Admlnlsrd¢lon and wmpur•r 5UFPOrt Bookkeeping and managernent fees 8ank <hryes and Intttest patd 27.S96 14.020 16.716 10.498 1.018 13.842 8.464 435 33.748 69.757 Totsl Charltable actmtlej durlng th• 309598 369.416 l ¢FArltthl¢ artfve5 expendlwre In 2021 and 2020 rela¢¢d to the unrestrkted fund. 14
THE EUROPEAN NATURE TRusr NOTES TO THE FI NANCIAL ST A TEMENTS (conrlnued) Year ended S Aprll 2021 2021 2020 At 6 Awl 2020 3244052 291565 {lJ)l J431 730.181 3.725.549 IlQl.662 (1415.218) (167.941) 3.244.052 Pwchase a¢ cost Dispo at carge AtSW2021 3.664,455 16291 1.44&162 1.639574 1.604.476 InV*strT in SSId115 3,664,455 3.244.052 UK a55ets 1.416505 1247,950 1575.002 1.669.050 3.664.455 3,244.052 JP Morgan Bank Luxwrbw SA 12162 1.416503 61 UrlSed 81105$<5) Real gainsl{ktsses) 624.921 (37370> (167.929) 62J06 $87551 (105.623) orthnary sh¥e ¢apital and rryhs for £212020 . £21. The &rLry>ean Trnokng Conwry OFffite5 profe5sionaL xientific and ¢ethnkal a¢u¥iw and made a £494for the year S 11 2021 (2020. £5(KJ10s5 15
THE EUROPEAN NATURE TRUST NOTES TO TH E FI NANCI AL ST A TEM ENTS {¢ontln uedl Year ended 5 Aprll 2021 Tanslblo fixed ssets Ipm¢nt Cost A¢6 Wl 2020 A¢5W12021 Oepr•¢latlon At6 Aprfl 2020 ch for year A¢5W12021 N•t book value 816 816 816 816 2n 272 A¢SWI 2021 36 A¢ 5 Ap1 2020 10. D•btorJ 2021 2020 Other deb¢o 50,475 20,475 SO,475 20.475 Cr•dlton 2021 2020 TTrde credl¢or5 Amount due w subsIdl and usoclatad uThlertakn8J Other credltors A<<ru•ls and defrr4d Incorn 13J76 24J99 173J25 20.649 180.481 I Ih30 23&400 220,31JO 16
THE EUROPEAN NATURE TRusr NOTES TO TH E FINANCIAL ST A TEM ENTS (contin uedl Yr ended S Aprll 2021 dalmed and in the year to 5 Awil 2021 toolkd £nl Q020- £ral k the >p•r the L¥knce &Je frorn the Trustees wa5 £2,66512020- Q6651. At the year end the baEance tkn to N A V Lister sete 1971 P A Ltsws yo¥ifed (Paul L 15 a Trustee) £2W (1020. £2&01 At the year end the ball¢ th ro N A V Lisw Ds¢retw sete 1971 P A Horne's knd 1 Li%ter i% a Trustee) wa5 £89.48012020. £89.4801 At the y end the balance kn to the ANa&le e5t was £37311 (2020. £372111 The A&&le estath is ovmed by the ¥vra Lister 2Cfft No I Setdement (Paul Lister 15 a tyuse The own5 100% d the &Y share rapM31 and ¥otY¥ r Of The Eurq>ean Trading Company Ltd During Tradin8 c Ltd wa5 £20.649 (2020. Q4J991 harged rent to the Trust during the year to £10.4 (1020. 18.4641 At the yEar )d the bakn¢e to knmited was £nil (2020. £759). The TTht hold5 shres d £1.416503 in 4wley Prop•tr5 LtmKed lre Paul Ler 15 a sheholder. The shares accrued interes¢ d £63.(w o(no . ts31WI the year. At the year the ba1ce th from Limited was £91312Q20. £9131 Fund Fund 3M4.491 3W.491 121320 Q38.4Q)) 3548.411 IW20 112U20} Current lbIlitieS {116.0) 3548.411 assets at S W21 14 FlThandal asets and Ilabllltles followby are fffwKial assets th as basK Y4tyumenrs and are Init¥ty re¢ogDlsed a¢ thelr 2021 2020 3.664.491 SO.475 7145 U44J60 20.475 122.836 Cash in hand 3.wll 3.387.671 17