## |Report ofthe Trustees||1 —18| |---|---|---| |Report ofthe Independent
Auditors||19-23| |Statement of FinancialActivities||24| |Statement ofTotal Recognised|Gains & Losses|25| |Balance Sheet||26| |Statement ofCash Flows||27| |Notes to Financial Statements||28 —54| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||| |---|---|---|---|---|---| |The key management|personnel
who make up the Se|nior Manage|men|t|Team are:| |Sarah Kessell|-Chief Executive Officer||||| |Margaret
Drury|- Finance Manager||||| |Kerry Rogers|-Conservation
Manager —resigned September||||2021| |Lisa Morgan|-Head ofIslands &Marine||||| |Jon Cooper|-Membership
Development|Manager|||| |Gina Gavigan|-Marketing
Manager||||| |Diana Clark|-Executive Officer||||| |Rhodri irranca-Davies|-Nature
Recovery Manager|—appointed|October 2021||| |Megan Howells|-Wilder Engagement
Manager —appointed|||October 2021|| ## ## ## ## ## ## ## ## |Board ofTrustees|||| |---|---|---|---| |Chairman|Mike Alexander||| |Treasurer|Stuart Bain'||| |Vice Chair|Paul Culyer||| ||Rob Pickford|Resigned|17-3-22| ||Sally Weale|Resigned|14-3-22| ||Mark Brian'||| ||Rose
Grandage'||| ||Shirley Matthews||| ||Gillian Berntsen|Resigned|18-11-21| ||Richard Payne|Resigned|14-3-22| ||Tom Roberts|Resigned|15-3-22| ||Mike Davies|Appointed|18-11-21| ||Catrin
Evans|Appointed|18-11-21| ||Leonora Thomson|Appointed|18-11-21| ## ## ## ## ## ## ## ## ## ## ## ## |||||||Total|Tota I| |---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|funds|funds| |||Note|funds|funds|funds|2022|2021| ||||E|E|F.|E|f| |Income and endowments|from:||||||| |Donations
and legacies|||533,301|169,480||702,781|581,666| |Charitable
activities|||317,257|637,621||954,878|1,799,037| |Other trading activities|||545,669|||545,669|247,063| |Investments|||50,369|5,140||55,509|57,945| |Other|||120,786|||120,786|23,389| |Totalincome and endowments|||1,567,382|812,241||2,379,623|2,709,100| |Expenditure
on:|||||||| |Raising funds||8|186,915|115,045||301,960|161,486| |Charitable
activities||8|546,248|810,128||1,356,376|1,508,371| |Other||8|539,378|500||539,878|329,424| |Total expenditure|||1,272,541|925,673||2,198,214|1,999,281| |Net gains/ (losses) on|||||||| |investments||13|81,202|20p253||101,455|89,853| |Net income/(expenditure)|||376,043|(93,179)||282,864|799,672| |Transfers between funds:||18|74,740|(74,740)|||| |Net movement
infunds|||450,783|(167,919)||282,864|799,672| |Reconciliation
ofFunds|||||||| |Total funds brought forward||16,20|3,010,451|1,659,449|135,826|4,805,726|4,006,054| |Total funds carried forward||16,20|3,461,234|1,491,530|135,826|5,088,590|4,805,726| ## ||||2022|2021| |---|---|---|---|---| ||||E|E| |Surplus / (deficit) for the financial|year||181,409|709,819| |Unrealised
gain on the revaluation|of investment|assets|101,455|89,853| |Total gains and losses recognised|||282,864|799,672| ||||||Group|Chadity|Group|Charity| |---|---|---|---|---|---|---|---|---| |||||Notes|2022|2022|2021|2021| ||||||f|f|f|f| |Fixed assets:||||||||| |Tangible fixed assets||||11|135,324|133,633|176,901|174,237| |Heritage assets||||12|2,011,972|2,011,972|2,011,972|2,011,972| |Investment:
Quoted||||13|986,973|986,973|885,518|885,518| |Unquoted||||13||40||40| ||||||3,134,269|3,132,618|3,074,391|3,071,767| |Current assets:||||||||| |Stock|||||29,830||22,910|| |Debtors||||14|101,125|141,185|624,015|631,288| |Cash at bank and in|hand||||2,335,643|2,180,710|1,510,456|1,438,490| ||||||2,466,598|2,321,895|2,157,381|2,069,778| |Uabilities:||||||||| |Creditors: Amounts|falling||due within|||||| |one year||||15|(468,730)|(342,985)|(332,240)|(253,448)| |Net current assets|||||1,997,868|1,978,910|1,825,141|1,816,330| |Total assets less current||liabilities|||5,132,137|5,111,528|4,899,532|4,888,097| |Creditors:
Amounts|falling||due after|||||| |more than one year||||21|(43,547)|(43,547)|(93,806)|(93,806)| |Net assets||||20|5,088,590|5,067,981|4,805,726|4,794,291| |The funds ofthe charity:||||||||| |Endowment
funds||||20|135,826|135,826|135,826|135,826| |Restricted
income funds||||16,18,20|1,491,530|1,491,530|1,659,449|1,659,449| |Unrestricted
income|funds|||||||| |Designated
funds||||19|637p817|637,817|550,000|550,000| |Unrestricted
income||funds||20|966,630|980,455|630,526|621,744| |Fixed assets||||20|1,856,787|1,822,353|1,829,925|1,827,272| |Total charity funds|||||5,088,590|5,067,981|4,805,726|4,794,291| ## |||||||Note|2022|2021| |---|---|---|---|---|---|---|---|---| ||||||||f|E| |Net cash provided
by operating
activities||||||24|876,741|472,666| |Cash flows from investing|activities:|||||||| |Dividends,
interest and rents from investments|||||||55,509|49,883| |Proceeds from the sale of|property,|plant|and equipment|||||1,467| |Purchase ofnature reserve||||||12|(28,760)|(125,000)| |Purchase ofproperty
plant|and equipment|||||11||(18,360)| |Net cash provided
by/ (used in) investing|||activities||||26,749|(92,010)| |Cash jfows from financing|activities:|||||||| |Repayments
ofborrowing||||||24|(78,303)|(20,027)| |Cash inflows from new borrowing||||||24||91,726| |Net cash used in financing|activities||||||(78,303)|71,699| |Change in cash and cash equivalents||in the||reporting|period||825,191|452,355| |Cash and cash equivalents|atthe beginning|||ofthe reporting||||| |period|||||||1,510,456|1,058,101| |Cash and cash equivalents|at the end of||the|reporting|period|24|2,335,643|1,510,456| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|2022|2021| ||||E|E|F.|E| |Membership||subscriptions|297,140||297,140|2$2,030| ||||297,140||297,140|282,030| |Donations|and gifts|||||| |Individuals|||130,295|27,586|157,881|119,487| |Appeals and||events|670|108,424|109,094|107,338| |Localgroups||||33,470|33,470|9,749| ||||130,965|169,480|300,445|236,574| |Legacies||||||| |Dr W Howells||||||1,000| |G D Smith||||||32,062| |F Sylvester||||||30,000| |C Ronslron|||6,632||6,632|| |J M Jameson||& LM Pheasant|3.111||3.111|| |J Raum|||47,500||47,500|| |J Davidson|||47,953||47,953|| ||||105,196||105,196|63,062| ||||533p301|169,480|702,781|5$1,666| ||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||funds|funds|2022|2021| ||||E|E|E|E| ||Conservation
and education|||||| ||Charitable trusts under E10,000|||5,907|5,907|2,297| ||Charitable trusts over f10,000|||||15,971| ||Dow Corning Foundation|||15,400|15,400|22,660| ||The National
Lottery Heritage|Fund||185,689|185,689|352,899| ||Local Government|||4,416|4,416|222,750| ||Moondance
Foundation||50,000||50,000|35,000| ||The National
Lottery Community|||||| ||Fund|||112,698|112,698|34,475| ||Natural
Resources Wales|||105,472|105,472|168,421| ||Other grants|||||5,500| ||PPL Foundation|||30,000|30,000|69,664| ||Royal Society ofWildlife Trusts|||10'000|10,000|72,309| ||The Waterloo Foundation|||30,500|30,500|60,000| ||WCVA —Landfill
Disposals Tax|||||| ||Community
Grant|||||9,363| ||WCVA —Third Sector Resilience|||||| ||Fund|||19,726|19,726|111,678| ||WCVA —Volunteer co-ordinator|||8,893|8,893|| ||Welsh Government|||105,153|105,153|356,879| ||Wildlife Trust Wales|||||30,000| ||Other|||||| ||Coronavirus
Job Retention Scheme|||3,767|3,767|222,133| ||Income from nature reserves||267,257||267,257|7,038| ||||317,257|637,621|954,878|1,799,037| |S.|INCOME FROM OTHER TRADING ACTIVITIES|||||| ||||Unrestricted|Restdcted|Total|Total| ||||funds
E|funds
E|2022
E|2021f| ||Fundraising
income|||||| ||Trading activities (see below)||545,669||545,669|247,063| ||||545,669||545,669|247,063| ||||||2022|2021| ||||||E|E| ||The Wildlife Trust ofSouth and West||Wales Ltd||105,060|114,205| ||DWT (Enterprises)
Ltd||||440,609|132,858| ||||||545,669|247,063| ## |||2022|2021| |---|---|---|---| |||E|f| |Profit and Loss Account|||| |Turnover||440,609|132,858| |Cost ofsales||(158,780)|(43,361)| |Gross profit||281,829|89,497| |Administrative
expenses||(237,154)|(212,046)| |Other operating
income||500|111,195| |(Loss)/profit forthe financial year||45'175|(11,354)| |Statement ofChan csin E uit|||| |Balance brought forward||11,319|22,673| |(Loss)/profit
and total comprehensive|income for the year|45,175|(11,354)| |Distributions
to parent charity under|gift aid|(36,003)|| |Balance cardied forward||20,491|11,319| |Balance Sheet|||| |Fixed assets||1,692|2,653| |Current assets||187,257|104,477| |Creditors: amounts
falling due within|one year|(168,458)|(95,811)| |Total assets less current liabilities||20,491|11,319| |Called up share capital||40|40| |Profit and loss reserves||20,451|11,279| |Total equity||20,491|11,319| ## ## ## ## |||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---| |||funds|funds|2022|2021| |||E|6|E|E| |Investment|income||||| |Dividends|receivable|39,327|5,131|44,458|49,251| |Interest receivable||500|9|509|632| |Rents receivable||10,542||10,542|8,062| |||50,369|5,140|55,509|57,945| |INCOME FROM OTHER SOURCES|||||| |||Unrestricted|Restricted|Total|Total| |||funds|funds|2022|2021| |||f|f|6|f| |Other income|||||| |Profit on sale offixed assets|||||90| |Insurance|claim|100,000||100,000|1,835| |Sundry income||20,786||20,786|21,464| |||120,786||120,786|23,389| ||||||NO
N
ta0|W||Ul
00
d
d
N|O
I
N|LD
Ul
Ifl
d|N
N
N
A|ID
N
N
N|d
Ch|I/I
lh
fht
00|Lfl
ID|00
N
LD
N|d
ID
I/I|N
O
CO|N
Ch
O||CO
Ch
Ch
Ch||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||N
NON
la|W||O
m
O
Dl
O|'|lh
00
O
d'|Ul
00
I/I|00
Ul
IA||r
N
d'|o
O|Dl
ID
ID
ul|N
m
N
Dl|||0
th
Ul
m
lh|cr
00
Ch||||| ||||||0||||||||||||||||N||||| |||||||||||||t|t|t|t|t|t||||CIO||||| ||||||||||||||||||||||Ul||||| |||||00
C0|||||||||||||||||||||| |||||ta|||||||||||||||||||||| |||||I|||||||||||||||||||||| |OI-|||||«|W||ca
IA||N|Ul
ID
6|ID
N
ul|'|O
ID
Ã|I/I
00
CC|00
0
Ih|ID||CI
LD
00
NONtA||||||| |||||||||CI||Ul|lu|M||CC||IA|Orul|||N|Dl||||| ||||||||||||||||||||||Ul||||| |I-|W|N||Ol||W||I|t|t|t||t|t|t|t|I|I|t|t|00
N||||| |O
Z|»~C
Ih 5|||b|||||||||||||||||CI
00||||| |Z d:
LA
I- crZ
Lu
Od:O
N Z
u
ll,
LU
OLD
Cc
SZ4
Ih P
LU
«o»
I-
Z
CC»
LU
Lu N I-
IUho
oz~||||Ol
la
ta
00
C|04
«
IC|tu
LU||ID
ei
I/I|'|LD
Dl
I/I
gNIA||||Dl
ul
N|O|ID
00
Ch|rIh
00
d'
Dl||C/I
LD|IDO
00|ID
'lr
cu
ID
or
UI
Lhcr
CI|N
N|W||Lh
Ch
I/I| |5
X||||la0C|||||||||||||||||||||| |I||||LU|||||||||||||||||||||| ||||||LL'|ul||IA
m|t|00 N
ul
'
00
Lh lh
Ch
IDNNNdoOO
N
Ih
lh
Or
ul m|||||||||Cu
A|00
O|Dl|N
O
N|W||N| |||||||||Dl||||||||IA|Ca|||ul|ul
00||||| ||||||||Ol||||||||||||||||||| ||||||||Cl||||||||||||||||||| ||||4I|||||||||||||||||Ul|||||| ||||C||||||||||||||||0|ttl0|||||| ||||C0
Ll
LU
IL'«
I
OZ
IJJ
CL
UC
UJ||||0
'0
Ol
taIJ0
TO
OlV
Ol0V
0
I/I|ttt
8
t
I/I|C
Ol
E
n
0
Z
ta
th|ul
t/I
0
tJ
OI
Z
P
Vl
IU
ttl
CU
EDC
t4||t
I
Ol
~
E
L
$ ttt
IU
tal
ta
V
ta|ttt
ta
Cl
+
ta
E
'0
C
la
ttt
P
ta
C
0|C
0
ta
OtV
OL
OlO|taC0
Ol
O
0
v
ta
u
00|tttt
ttt0
IU
0|rtl
IU
I
tU
0
w
D.|LJ
00
C
C
D
Ot
V
DL
fa
III
0—
E"
0
e«
IL
0
CL
n.
t/I
LL
Mt
LL
ttl|||Cl
'Cl
Ot
Cl
OlIJ
Ol|||0
4I
0
u
C
la
CD
C
0
V|0
Ota
IUC
E
Ut
0| ## |ANALYSIS OF STAFF COSTS,TRUSTEE REMUNERATION
MANAGEMENT
PERSONNEL|AND EXPENSES, AND THE CO|ST OF KEY| |---|---|---| ||2022|2021| ||E|f| |Staffcosts and trustees remuneration||| |Wages and salaries|913,264|926,748| |Social security costs|64,405|56,940| |Pension costs|24,176|22,616| ||1,001,845|1,006,304| ## ## ## |||2022|2021| |---|---|---|---| |||No|No| |Fundraising|and membership|5|5| |Trading||9|10| |Charitable|activities|27|26| |Administration||4|4| |||45|45| ## ## ## ## ## |Qrry~nd
catha ri||||||| |---|---|---|---|---|---|---| |||Welsh|Plant|||| ||Freehold|Wildlife|and|Computer|Motor|| ||buildings
f|Centre
E|machinery
f|equipment
E|vehicles
E|Total
E| |Cost||||||| |At 1April 2021|4,313|270,482|340p725|14,103|157,542|787,165| |Additions
in year|||||28,760|28,760| |At 31March 2022|4,313|270,482|343,558|11,270|186,302|815,925| |Depreciation||||||| |At 1April 2021|2,155|225,826|272,896|10,402|98,985|610,264| |Charge for the year|431|3,525|33,767|738|31,876|70,337| |At 31March 2022|2,586|229,351|306,663|11,140|130,861|680,601| |Net book values||||||| |At 31March 2022|1,727|41,131|36,895|130|55,441|135,324| |Included
in above||||||| |restricted assets||8,804|22,234|130|10,665|41,833| |At 31March 2021|2,158|44,656|71,753|(223)|58,557|176,901| ## ||||Freehold|Leasehold|| |---|---|---|---|---|---| ||||Nature|Nature|| ||||Reserves|Reserves|Total| ||||E|E|| |Cost as|at 1April 2021||1,901,412|110,560|2,011,972| |Cost as|at 31March 2022||1,901,412|110,560|2,011,972| |Included|in the above restricted|assets|148,678|100,000|248,678| |Five|year summary|||| |---|---|---|---|---| |||Freehold|Leasehold|| |||Nature|Nature|| |||Reserves|Reserves|Total| |||E|E|E| |Cost|at 1April 2021831March 2022|1,901,412|110,560|2,011,972| ## ## ## |13.|INVESTMEN|TS-Group
and|charity||||| |---|---|---|---|---|---|---|---| ||||||UK||| ||||||listed|Shares in|| |||||investments
f||subsidiary
f|Total
f| ||Market va lue|at 1April 2021|||885,518||885,558| ||Revaluation||||101,455||101,455| ||Market value|asat 31March|2022||986,973|40|987,013| ||Acquisition
value at 31March||2020||736,393|40|736,433| ||Investments|are represented|by:||||| ||DWT Shares|||||40|40| ||Equity shares||||986,973||986,973| ||Total||||986,973|40|987,013| |||||||The Charity|Total| |||||||Investment|| |||||||Funds|| |||||||f|| ||Market value|31March 2022||||986,973|986,973| ||Market value|31March 2021||||885,518|885,518| |14.|DEBTORS||||||| |||||Group|Charity|Group|Charity| |||||2022|2022|2021|2021| |||||f|f|f|f| ||Trade debtors|||20,930|20,930|77,031|77,031| ||Grant debtors|||77,700|77,700|537,385|537,385| ||Other debtors|||2,495||9,597|| ||Amount owed by subsidiary||undertaking||6,552||16,870| ||Gift Aid profits||||36,003||| |||||101,125|141,185|624,015|631,288| ## ||Group|Charity|Group|Charity| |---|---|---|---|---| ||2022|2022|2021|2021| ||F.|E|f|f| |Trade creditors|167,598|145,917|149,411|141,315| |Taxation and social security costs|30,798|22'080|20,931|19,163| |Bank loans|32,971|32,971|61,015|61,015| |Accruals and deferred income|237,363|142,017|100,883|31,955| ||468,730|342,985|332,240|253,448| |||||2022|2021| |---|---|---|---|---|---| |||||f|E| |Balance|brought|forward||65,807|91,418| |Income|received/refunds||in the year|72,866|(18,670)| |Income|released|in the year||(52,854)|(6,941)| |Balance|carried|forward||85,819|65,807| ## ## ## ## |FUNDS OFTHE GR|OUP|||||| |---|---|---|---|---|---|---| |||Endowment|Restdcted|General|Designated|Total| |||fund|fund|fund|Fund|| |||E|E||E|| |Funds brought
forward at||||||| |1April 2021||135,826|1,659,449|2,460,451|550,000|4,805,726| |Increase/(decrease)|in|||||| |funds during the|year||(167,919)|362,966|87,817|282,864| |Funds carried forward at
31March 2022||135,826|1,491,530|2,823,417|637,817|5,088,590| |||Endowment|Restricted|General|Designated|Total| |||fund|fund|fund|Fund|| |||f|f|f|E|| |Funds brought
forward at||||||| |1April 2020||135,826|1,655,480|2,214,748||4,006,054| |Increase/(decrease)|in|||||| |funds during the|year||3,969|245,703|550,000|799,672| |Funds carried forward at
31March 2021||135,826|1,659,449|2,460,451|550,000|4,805,726| ## ## ## |18.
REST|RI|CTED FUNDS||||||| |---|---|---|---|---|---|---|---|---| ||||Balance|||||Balance| ||||as at||||Transfer|asat| ||||1April|||Unrealised|between|31March| ||||2021|Income|Expenditure|gain/loss|funds|2022| ||||E|E||E|E|E| |Restricted funds:||Glamorgan||||||| |Betty Church
Fund|||40,650|||||40,650| |Restricted funds:||South &West Wales||||||| |Appeals
and donations|||225,001|136,010|(74,655)||(45,830)|240,526| |Castle Woods|||8,465|||||8,465| |Dow Corning||||15,400|(15,400)|||| |Emergency grants|||113,774|19,726|(96,422)||(8,790)|28,288| |Green Connections||||39,123|(47,341)||(3,861)|(12,079)| |Green Recovery||||70,668|(64,592)||(6,162)|(86)| |Legacies|||598,168|5,132|(14,596)|20,253|45,830|654,787| |Local grou ps|||49,289|33,470|(18,756)|||64,003| |Marine Wildlife|Centre||2,779|12,869|(12,079)||(790)|2,779| |Nature
Reserves|||240,256|155,796|(240,916)|||155,136| |Nature
Networks||Fund||57,792|(126,456)||(3,751)|(72,415)| |Skokholm
Appeal|||156,668|9|(20,073)|||136,604| |Stand for Nature|||22,265|112,698|(49,757)||(24,392)|60,814| |HNLF —Healthy|Reds||34,374|83,750|(65,331)||(26,994)|25,799| |Welsh Government||(PNCPA &ERDC)|13,347|66,031|(75,532)|||3,846| |Restricted funds:||Brecknock||||||| |Alit Rhongyr
Fund|||106,178|||||106,178| |Bat group|||322|||||322| |BRARG group|||248|||||248| |Otter group|||5,165|||||5,165| |Pwll y Wrach Fund|||42,500|||||42,500| |Other||||||||| |Coronavirus
Job|Retention Scheme|||3,767|(3,767)|||| |Total restricted|funds||1,659,449|812p241|(925,673)|20,253|(74,740)|1,491,530| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Balance|||||Balance| |---|---|---|---|---|---|---|---| |||as at||||Transfer|as at| |||1April|||Unrealised|between|31March| |||2020|Income|Expenditure|gain/loss|funds|2021| |||E|E|E|E|E|E| |Restdcted funds: Glamorgan|||||||| |Betty Church
Fund||40,650|||||40,650| |Restdcted funds: South 8 West Wales|||||||| |Appeals
and donations||253,360|87,472|(48,534)||(67,297)|225,001| |Castle Woods||8,465|||||8,465| |Co-operative
Group||9,626||(9,626)|||| |Dow Corning|||16,600|(16,600)|||| |Emergency grants|||302,978|(189,204)|||113,774| |Legacies||667,403|5,345|(14,763)|(2,114)|(57,703)|598,168| |Localgroups||63,452|9,749|(23,912)|||49,289| |Marine Wildlife Centre||6,880|94,267|(69,756)||(28,612)|2,779| |Species/Nature
Reserves||237,497|490,910|(449,208)||(16,678)|262,521| |Skokholm
Appeal||156,821|17|(170)|||156,668| |HNLF —Healthy
Reds||50,983|63,732|(53,744)||(26,597)|34,374| |Welsh Government|(PNCPA &ERDC)|5,930|356,879|(325,438)||(24,024)|13,347| |Restdcted funds: Brecknock|||||||| |Alit Rhongyr
Fund||106,178|||||106,178| |Bat group||322|||||322| |BRARG group||248|||||248| |Otter group||5,165|||||5,165| |Pwll y Wrach Fund||42,500|||||42,500| |Other|||||||| |Coronavirus
Job Retention Scheme|||222,133|(222,133)|||| |Total restricted
funds||1,655,480|1,650,082|(1,423,088)|(2,114)|(220,911)|1,659,449| ## ||||Balance at||||Balance at| |---|---|---|---|---|---|---|---| ||||1April||||31March| ||||2021
E|Income
E|Expenditure
E|Transfersf|2022
E| |Asset purchase|reserve||125,000||||125,000| |Matched funding||reserve|100,000|100,000|||200,000| |Income support||fund|100,000||||100,000| |Reorganisation|and||||||| |development|fund||225,000||(12,183)||212,817| ||||550,000|100,000|(12,183)||637,817| ## ## ||||Balance at||||Balance at| |---|---|---|---|---|---|---|---| ||||1April||||31March| ||||2020
E|Income
f|Expenditure
f|Transfers
f|2021
f| |Asset purchase|reserve|||||125,000|125,000| |Matched funding||reserve||||100,000|100,000| |Income support||fund||||100,000|100,000| |Reorganisation|and||||||| |development|fund|||||225,000|225,000| |||||||550,000|550,000| ## ||||General|Designated|Restdcted|Endowment|2022| |---|---|---|---|---|---|---|---| ||||funds|funds|funds|funds|Total| ||||E|f|E|E|E| |Fund balances at31||March|||||| |2022 are represented||by:|||||| |Tangible|fixed assets||93,491||41,833||135,324| |Heritage|assets||1,763,294||248,678||2,011,972| |Investments|||705,289||145,858|135,826|986,973| |Current|assets||773,620|637,817|1,055,161||2,466,598| |Current|liabilities||(468,730)||||(468,730)| |Long term liabilities|||(43,547)||||(43,547)| ||||2,823,417|637,817|1,491,530|135,826|5,088,590| |P"|||||||| ||||General|Designated|Restricted|Endowment|2021| ||||funds|funds|funds|funds|Total| ||||E|E|E|E|f| |Fund balances at31||March|||||| |2021are represented||by:|||||| |Tangible|fixed assets||66,631||110,270||176,901| |Heritage|assets||1,763,294||248,678||2,011,972| |Investments|||624,087||125,605|135,826|885,518| |Current|assets||432,485|550,000|1,174,896||2,157,381| |Current|liabilities||(332,240)||||(332,240)| |Long term liabilities|||(93,806)||||(93,806)| ||||2,460,451|550,000|1,659,449|135,826|4,805,726| ## ## ## ||Bank|Other|| |---|---|---|---| ||loan
f|Loansf|Total
f| |Less than one year|17,298|15,673|32,971| |Between 1and 2years|25,794|7,890|33,684| |Between 2 and 5years||9,863|9,863| ||43,092|33,426|76,518| ## |||||||2022|2021| |---|---|---|---|---|---|---|---| |||||||6|f| |Due|in|less|than|one|year||| ## ## ## |RECONCILIATION
O
ACTIVITIES|F|NET INCOM|E/(EXPEN|DITURE)
TO N|ET CASH FLO|W FROM OPER|ATING| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||E|f| |Net income for the|reporting
period|||||282,864|799,672| |Adjustments
for:|||||||| |Depreciation
charges||||||70,337|74,410| |(Gains)/losses
on investments||||||(101,455)|(89,853)| |Dividends,
interest|and rents from investments|||||(55,509)|(49,883)| |Loss/(profit)
on the|sale offixed||assets||||(90)| |(Increase)/decrease||in stocks||||(6,920)|2,633| |(Increase)/decrease||in debtors||||522,891|(200,699)| |Increase/(decrease)||in creditors||||164,534|(63,524)| |Net cash provided|by operating||activities|||876,741|472,666| |Anal
is ofCash and||Cash E uivalents|||||| |Notice deposits (less||than 3 months)||||2,285,643|1,460,456| |Overdraft
facility repayable
on demand||||||50,000|50,000| |Total Cash and Cash||Equivalents||||2,335,643|1,510,456| |a~li
f
d r||||At 1April|Cash|New|As at31| |||||2021
E|Flows
f|Borrowing
E|Iylarch 2022| |Cash||||1,510,460|903,099||2,335,643| |Bank loans falling due within one|||year|(61,015)|28,044||(32,971)| |Bank loans falling due after more|||than||||| |one year||||(93,806)|50,259||(43,547)| |||||1,355,639|981,402||2,259p125| |||||At 1April|Cash|New|Asat31| |||||2020|Flows|Borrowing|March 2021| |||||f|f|f|| |Cash||||1,432,544|77,916||1,510,460| |Bank loans falling due within one|||year|(17,298)||(43,717)|(61,015)| |Bank loans falling due after more|||than||||| |one year||||(65,824)|20,027|(48,009)|(93,806)| |||||1,349,422|97,943|(91,726)|1,355,639| ## ## ## ||||||||Total| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Endowment|funds| |||||funds|funds|funds|2021| |||||E|E|E|E| |Income and endowments|||from:||||| |Donations
and legacies||||484,445|97,221||581,666| |Charitable
activities||||251,538|1,547,499||1,799,037| |Other trading activities||||247,063|||247,063| |Investments||||52,583|5,362||57,945| |Other||||23,389|||23,389| |Totalincome and|endowments|||1,059,018|1,650,082||2,709,100| |Expenditure
on:|||||||| |Raising funds||||118,389|43,097||161,486| |Charitable
activities||||219,575|1,288,796||1,508,371| |Other||||238,229|91,195||329,424| |Total expenditure||||576,193|1,423,088||1,999,281| |Net gains/(losses)||on investments||91,967|(2,114)||89,853| |Net income/(expenditure)||||574,792|224,880||799,672| |Transfers between||funds:||220,911|(220,911)||| |Net movementin|funds|||795,703|3,969||799,672| |Reconciliation
of|Funds||||||| |Total funds brought||forward||2,214,748|1,655,480|135,826|4,006,054| |Totalfunds carried||forward||3,010,451|1,659,449|135,826|4,805,726|