**REGISTERED COMPANY NUMBER: 4132695 (England and Wales) REGISTERED CHARITY NUMBER: 1092293 SCOTTISH CHARITY NUMBER: SC040004**
## **CONSOLIDATED**
## **REPORT OF THE TRUSTEES AND**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
## **FOR**
## **BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
GMP Audit Limited 82 High Street Tenterden Kent TN30 6JG
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 10|
|**Report of the Independent Auditors**|11 to 13|
|**Consolidated Statement of Financial Activities**|14|
|**Consolidated Balance Sheet**|15 to 16|
|**Charity Balance Sheet**|17 to 18|
|**Consolidated Cash Flow Statement**|19|
|**Notes to the Consolidated Cash Flow Statement**|20|
|**Notes to the Financial Statements**|21 to 42|
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims Buglife's charitable purposes and mission**
Our purposes are:
(a) The study, protection and preservation from extinction of natural invertebrate fauna by conserving them in the wild by such means as are available.
(b) To promote and sponsor scientific study and research into the habitats, diseases and life-cycles of such invertebrate fauna and in relation to modern agricultural, horticultural, industrial and human practices and activities, and to disseminate the results of such research as widely as possible.
(c) To promote the permanent preservation and sound management for the benefit of the public generally of lands of ecological or other scientific importance with particular reference to invertebrate fauna.
(d) To foster interest in governmental and voluntary bodies, educational establishments and the public generally in problems concerning the conservation of natural Invertebrate fauna.
Our vision is for a wildlife-rich planet where other species thrive alongside people.
Our mission is to achieve Buglife's aims, we will work to stop the extinction of invertebrate species and to achieve sustainable populations of invertebrates.
The outcomes sought by Buglife are laid out in a new strategy (2021-2030) which was finalised in 2020. Three intended outcomes are for a World that:
## **(a) Has room for invertebrates**
**(b) Is safe for invertebrates**
## **(c) Has friendlier relationships with invertebrates**
In pursuing these outcomes, the Trustees have due regard to the Charity Commission's guidance on public benefit.
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**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **OBJECTIVES AND ACTIVITIES – continued Significant activities**
In line with the above overarching principles, this report sets out to exemplify some of our main activities and achievements in 2020. The report also draws attention to Buglife's activities away from England across the devolved administrations of the UK.
## **"Let's be clear: human activities are at the root of our descent towards chaos. But that means human action can help solve it. Making peace with nature is the defining task of the 21st century. It must be the top, top priority for everyone, everywhere.**
**In this context, the recovery from the pandemic is an opportunity. We can see rays of hope in the form of a vaccine. But there is no vaccine for the planet. Nature needs a bailout. In overcoming the pandemic, we can also avert climate cataclysm and restore our planet. This is an epic policy test. But ultimately this is a moral test."**
## **Antonio Guterres, United Nations Director General, December 2020**
## **1. 2020: a year like no other**
Even in the midst of the nature and climate emergencies, and the grim realisation that the UN Decade on Biodiversity ended in 2020 with major failure against all its targets, it was another set of events that trumped all others during the year. Covid-19 ended or disrupted lives and livelihoods across UK and the World through much of the year, and the activities of charitable organisations like Buglife were far from immune.
Buglife reacted quickly to the worsening situation and to the Prime Minister's lockdown announcement on March 23rd. Our April 1st Board meeting was held on-line under rapidly implemented protocols while Buglife had already responded to the growing viral risk by prioritising care for its employees and volunteers. Offices were closed, clear guidance issued and systems were established to support homeworking with daily afternoon staff meetings (albeit with periods of respite), including a check on the health and well-being of everyone for whom we had responsibility. A full risk assessment was also carried out. On the positive side, we knew that our financial performance in 2019 had given us resilience to withstand some financial impact.
By the time of the June Board meeting, contingencies for safe working were already well established and remained in place for much of the year: staff continued to work from home with no face-to-face meetings while travel was also strictly controlled to comply with guidelines laid down across the separate UK governments. June also saw Buglife's first virtual AGM held effectively in the Chairman's home.
Some fieldwork went ahead when possible during the summer period when Covid pressures eased. Even then strict social distancing applied and permissions were required from the senior management team with details appraised carefully. Inevitably, project work was affected - for example on our Back-fromthe-Brink projects - but mostly by delays that we expect to be resolved by project extensions rather than cancellations. The exact costs and impacts on these operations will only be realised completely once a full retrospective view is possible.
Despite difficult circumstances under 2020's Covid-19 lockdown, Buglife found some positive and innovative opportunities. With other expert conservation staff and policy makers furloughed from their professional roles, we launched a call for volunteers who could 'Furlough for Bugs'. By September, 17 such volunteers had collated 26 datasets to add to the Atlas of the National Biodiversity Network, produced an evidence discussion paper on light pollution, led a review of the ecological effects of muirburn and reviewed the invertebrates of springs and seepages. There was also work on reintroducing invertebrate species, the remote assessment of brownfields in the Thames Gateway, investigations of the market in non-native crayfish and some modernising of older publications, for example by updating logos. As with all our volunteer inputs, we were hugely grateful for this help with Buglife's work - which in this case also revealed something of willingness of professionals from other organisations to aid Buglife's mission.
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**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **OBJECTIVES AND ACTIVITIES - continued**
Information gathered by Buglife through the year also provided powerful lessons learned from Covid-19 about ways of working. Online workshops and Board meetings were well received, for example, and will likely be a useful pointer for future working practice at a lower resource cost, reduced carbon cost and a gain in inclusivity. More substantially, Covid-19 has revealed to Buglife how people wish to see 'a green recovery' as we emerge from the pandemic. This includes learning the lessons of sustainable living, reducing the disruption of ecosystems or inappropriate wildlife trade that increases the risks of zoonotic disease, and safeguarding the invertebrate biodiversity that is often an important source of medical technology. Buglife is ready to step up to help on these fronts.
## **2. A new Buglife strategy: 2021-2030**
A significant achievement under 2020's remote working protocols was the development, drafting and adoption of a new Buglife strategy for the period 2021-2030 - a critical decade in the renewed global effort to halt and reverse the decline in biodiversity. Buglife staff, Board members, volunteers and member organisations co-produced the new strategy in true charity style through a series of workshops, workstreams and consultations with partners.
Building on the previous 10-year strategy, the new version maintains Buglife's vision for "A wildlife-rich planet where other species thrive alongside people" and the mission "to stop the extinction of invertebrate species and to achieve sustainable populations of invertebrates".
The strategy recognises the intrinsic value of invertebrates, but also their inordinate value to human wellbeing for example through crop pollination and food production, nutrient cycles and soil formation, water purification, medicinal products, pivotal roles that support food webs and global biodiversity, as accurate indicators of environmental quality and as a source of cultural inspiration.
For all of these reasons, the new strategy seeks three central and societal outcomes in which i) there is room for invertebrates; ii) the world is safe for invertebrates and iii) we have friendlier relationships with invertebrates. In turn, these outcomes will be delivered through new initiatives and existing work which has been well covered in our previous annual reports. In combination, these are:
- 'No Insectinction' campaign: to highlight and reverse declines in insects.
- Important Invertebrate Areas: to map and protect the most important areas for threatened invertebrates.
- B-Lines: nationwide corridors containing stepping-stones of wildflower habitat to enable species to respond to climate change and reverse biodiversity decline.
- Urban Buzz: community engagement and local action to restore urban pollinator habitats.
- Peatland restoration: of large areas of degraded peat bog.
- Site protection: challenging inappropriate and damaging development.
- Pollinator and Freshwater strategies: the principles and actions to save and sustain important groups of invertebrates.
While setting Buglife's strategy for the next decade, delivery will come through shorter business plans of 2-3 years thus allowing flexible work priorities, tasks and targets in the face of post-Covid and postBrexit uncertainty. The geographical focus will remain within the British Isles, but work will continue in the UK Overseas Territories, the European Union and Internationally.
Overall, the intention from this significant piece of work is to maintain and grow Buglife's profile, momentum and impact over the years ahead - building on the strength of our current position.
## **3. Other achievements during the year**
Notwithstanding the restrictions on field access and contacts between people, Buglife continued during 2020 to pursue activities across all its key themes and all **four countries of the UK** in ways that were as close as possible to business as usual.
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**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **OBJECTIVES AND ACTIVITIES - continued**
Under the theme of **mobilising, inspiring, enabling and persuading others** , a new innovation this year placed the emphasis on 'inspiration' when we partnered 'Luminar' to mount the international 'Bug Photography Awards' 2020. Over 5,000 images were submitted by adults and juniors competing for prizes totalling £23,000 in categories covering Arachnids, Beetles, Butterflies & Moths, Flies, Bees & Wasps, Aquatic Bugs and Slugs & Snails and more. Several Buglife personalities - including President Germaine Greer - were among the judges, while the astonishing array of leading images was covered by a range of media outlets including National Geographic and the Guardian.
During the year Buglife worked on 37 funded projects, spending £1,222,606 mainly on **practical conservation projects** . There were ten B-Lines projects and six other projects focussed on pollinators. Other work aimed to secure the conservation of Blue ground beetles ( _Carabus intricatus_ ), Mud snails ( _Omphiscola glabra_ ) and the Northern February red stonefly ( _Brachytera putata_ ) and to further the beneficial management of key invertebrate habitats including farmland, chalk grassland, colliery spoil, ancient trees and peatlands. Projects also included work with Scottish Natural Heritage/NatureScot and Northern Ireland Environment Agency, biological audits and a review of the availability of DNA sequence data for UK invertebrates.
The mapping of Important Invertebrate Areas (IIA) continued through the year through GIS activities, collation of species data and virtual workshops - all culminating in 37 IIAs now mapped at fine-scale. Outreach included a presentation to the Association of Local Environmental Records Centres' (ALERC) online annual conference leading to partnerships with several of the representatives.
Our flagship 'B-Lines' project also made real progress - and was given a boost during the year by funding from both Defra and the Esmée Fairbairn Foundation. By July, the completed England B-Lines map received significant media attention, with articles in many of the major national newspapers both on-line and in-print, as well as in more local stories tailored to local environmental issues. Maps were completed for mainland Scotland and taken to consultation, too, following a series of on-line workshops that accelerated in August. Further reporting and engagement activities continued up to the year end, and a dedicated B-Lines fundraiser was recruited to develop applications, for example, to the Green Recovery Challenge Fund. New B-Lines delivery projects are in development in Cornwall, Devon, Shropshire, King's Lynn, London and through the 'Changing Chalk' project in the South Downs. Some of the latter project has involved developing partnerships with vineyards and other NGOs such as the National Trust. In Northern Ireland, other NGOs such as the National Trust and Ulster Wildlife Trust helped with developments in on-the-ground delivery of B-Lines across the country.
Our practical 'Back from the Brink' work alongside the six other conservation NGOs in the 'Rethink Nature' partnership was inevitably curtailed during the year. But that didn't prevent progress on other fronts as we developed funding bids for parallel projects in Scotland and Wales. In Scotland, the project application for 'Species on the Edge' was submitted to the National Lottery Heritage Fund on the 15th of November by NatureScot, who have agreed a cash contribution equating to approximately £1.2 million. In Wales, Natural Resources Wales agreed to lead 'Natur Am Byth' - Nature for Ever - with a similar funding commitment to their Scottish counterparts. The bid advanced rapidly towards the end of the year and is due for submission to the National Lottery Heritage Fund early in 2021.
The year's biggest action in **promoting the value of invertebrates and raising awareness** was in May's launch of our "No Insectinction" manifesto. The manifesto is a call for action that brings people and organisations together in a shared endeavour to heal our planet's life support system creating safe spaces and friendlier relationships with insects as emphasised in the new strategy.
Our campaign is clearly evidence-based, and during the year we contributed to a postnote on insect decline before taking part in a round table workshop alongside leading insect scientists at the Houses of Parliament Chaired by Baroness Young of Old Scone. Our position established a positive vision for the actions needed to reverse the current trend - but showed also our reach into government action.
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**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **OBJECTIVES AND ACTIVITIES - continued**
Further into the spirit of 'No Insectinction', Buglife was finally able to celebrate a major success of its awareness raising in the early part of the year when the Scottish Government rejected an application for a golf course on Coul Link that would have led to significant loss and damage to Loch Fleet SSSI, as well as the Dornoch Firth and Loch Fleet SPA/Ramsar sites with their nationally important sand dune ecosystems. The Government decision made clear the potential for significant impacts on invertebrates at the sites, especially the endemic Fonseca's seed-fly ( _Botanophila fonsecai_ ). Our sustained campaigning had made clear its importance and localisation to the application area and surroundings.
In similar vein elsewhere, Buglife's campaign to protect the invertebrate-rich Swanscombe Peninsula from being turned into a theme park went from strength to strength. A petition gained over 13,000 signatures coupled with positive national press coverage. Buglife submitted a response to the statutory public consultation, coordinating positions with partners at the RSPB and Kent Wildlife Trust. A SSSI rationale document has been assembled and agreed with RSPB and KWT to submit to Natural England calling for fast-track for SSSI notification related to the site's outstanding interest.
Buglife's activities in **shaping the development of relevant legislation and policy** run wide across our portfolio of activities, and 2020 was again replete with examples. To gather evidence to aid the eventual roll out of Defra's new Environmental Land Management, in May Buglife launched the 'Landscapes for Wild Pollinators'. The survey - which led to large numbers of submissions, was the first stage of Buglife's Defra funded Test and Trial (T&T) project that ran throughout the year. Alongside other Defra funded T&T projects, our contribution will inform the replacement of the current agri-environment schemes. It has investigated the incentives, challenges and barriers to creating landscape scale wildflower-rich habitat for pollinators along B-Lines and within the new ELMs scheme. In addition to its clear practical value in shaping policy, this work illustrates how Buglife's capabilities and evidence are valued in Government.
Work on pesticides - intended to protect animals or crops but often resulting in serious collateral and unintended effects has been a prominent theme in our policy activity. On the back of renewed evidence showing their widespread occurrence in British rivers, we helped to establish a parliamentary petition seeking a ban on Imidacloprid and Fipronil flea treatments for pets. At the last count, it had 1700 signatures.
Earlier in the year, and also on pesticides, Buglife coordinated a letter signed by 28 other NGOs to Frans Timmermans (First Vice President of the European Commission) to support an EU Parliament motion to protect pollinators. We followed up with other activities through the year, for example a video conference with EU Cabinet member Lukas Visec to discuss reversing insect declines, underlining the implications of the current trends for pollination and pest control. We outlined how CAP proposals could be improved and the Biodiversity Strategy draft strengthened, while urging a pesticide reduction target of at least 30% by 2030.
Related work through the year saw us in the European courts on similar matters, and on June 3rd we were represented by our Dutch advocate (who also represents Greenpeace, PAN, and BeeLife) challenging Bayer in their attempt to overturn the 2013 EC restriction on neonicotinoids. The verdict is awaited.
## **This spread of work across the entire portfolio merely exemplifies our activity and, even in this extraordinary year, illustrates how our mission has been undaunted - to "stop the extinction of invertebrate species and to achieve sustainable populations of invertebrates".**
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**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **OBJECTIVES AND ACTIVITIES - continued**
## **4. Trustee recruitment**
Given the scale of the challenge faced by Buglife, and our accelerating pace to address it, the Board decided to further strengthen and enlarge its Trustee body during 2020 to broaden skills, increase resilience and support the delivery of the new strategy. Following a competitive recruitment process, five new potential Trustees attended the December Board meeting as observers and we will seek formal ratification for their appointment at the June 2021 AGM after co-option at the March meeting (2021). They bring major capabilities to Buglife in entomological science, conservation insight, business management, strong links with the government and non-governmental environmental sector, public understanding of science and communications.
One of our longest-serving Trustees, Hien Luong, reached the end of a maximum allowable three terms as a Trustee during the year, and we thank him profoundly for his outstanding service to Buglife, particularly on financial matters. Mike McCarthy also stepped down from the Board during 2020 for personal reasons, and we thank him for the energy, passion and media insights he brought to Buglife.
In the latter half of 2020, Buglife initiated a process to replace the outgoing Chairman, Prof Steve Ormerod, who steps down from this position at the 2021 AGM at the end of his term.
## **5. Looking back and looking forward**
On behalf of the Board, and in particular from Steve Ormerod reflecting at the end of his three years as Buglife Chair, we end this annual report with three resounding messages.
First, we give inordinate thanks to Matt Shardlow, and to the staff and volunteers who have kept Buglife in action during this year like no other. We recognise the personal challenges that the year has brought in so many ways: they only serve to magnify even more the power of Buglife's purpose, efforts and achievements during 2020.
Second, we reflect on what Covid-19 has taught us about our need for the natural world while revealing the dire consequences that arise when we mismanage it: the risk of zoonotic disease on the one hand versus the importance of nature as therapy, life-support and the basis of our well-being. Invertebrates sit at all key positions in this web that maintains us.
Third, we have now entered what could qualify as the most important decade in the history of our relationship with the natural world. Nature is in crisis, the climate is increasingly unstable, our exploitation of resources is unsustainable. Yet this UN decade of ecosystem restoration and recovery could stabilise our future by addressing these problems. Buglife must marshal all its strength and resources to play the pivotal part for which it was conceived - by saving the small things that run the planet.
## **Volunteers**
Volunteers have been active across the geographic span and activity breadth of the charity, for example in the following areas of work:
- Supporting our office
- Delivering pollinator action in towns and cities
- Recording biological data, for instance Oil beetles
- Leading or advising on conservation issues
- Exploring how to take invertebrate conservation forward in Australia
- Developing educational projects in schools.
We have had no regular volunteers, thousands of people who help with projects and hundreds who contribute biological records. During the year we received 440 hours of volunteer time. If these hours were to be valued and included within the Statement of Financial Activities then the income and corresponding costs would be £4,400
Buglife has 37 formal member organisations, all invertebrate specialist societies or nature conservation charities. Working with our member organisations often helps the volunteers in those charities contribute effectively to nature conservation activities.
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**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **ACHIEVEMENT AND PERFORMANCE**
## **Fundraising activities**
We continue to review our Fundraising Policy, taking account of our experience. We do not use external fundraising organisations.
We continue to explore ways of increasing unrestricted funds to complement our very successful project application work. This includes work on membership offers, ways of securing resources from members and supporters through additional services, and continuing to develop relationships with corporate donors. We reviewed the experience over the last 2-3 years and adjusted our assumptions for business planning purposes whilst continuing to support experimentation and efforts to increase and diversify the flow of income.
## **FINANCIAL REVIEW**
## **Financial activity**
Restricted funding increased by 1.33% to £777,091, the charity successfully bid for a variety of grants that has allowed it to expand and develop the range of project work it undertook during the year.
Funds raised with no restrictions were £795,753. This was up on the previous year by 33.37% mainly due to the receipt of several legacies totalling £168,904 and unrestricted grants of £198,500.
Over the period total income exceeded total expenditure by £350,238.
## **Investment policy and objectives**
The trustees have the power to invest in such assets as they see fit.
The trustees have considered the most appropriate policy for investing funds and have utilised Money Market deposits of varying fixed terms to ensure access to funds as projects roll out and the charity develops. Two further new investment accounts have been set up during the year.
## **Reserves policy and going concern**
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (the free reserves) held by the charity should be between 3 and 6 months of total staff and other core charity expenditure. At the end of December 2020, free reserves stood at £737,647, equating to approximately 10.0 months cover. The trustees view this to be an adequate position considering the current uncertainty with Covid-19.
Buglife has already secured a significant amount of income for our activities in 2021. Funding from individual donations contributions is on a strong upward trend. On predictions we expect a small deficit in 2021, although we are aiming to do better than that and bring in enough unrestricted income to enable us to build reserves and therefore the amount of project work we are able to deliver with restricted funding. Trustees are however mindful that the funding from government and business has been increasingly difficult. Trustees and the executive keep the charity's financial position under close review and are prepared to act to maintain reserves and/or reduce activities should this be necessary.
## **FUTURE PLANS**
Buglife has produced a new strategy that runs from 2021 to 2030. It sets out a plan for increasing our capacity and delivering; but not exclusively, on working to save populations of bees and other pollinators and improve the conservation of freshwater life. A thread running through our plans are building partnerships and influencing others to make the societal change necessary to reverse the decline in biodiversity.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is governed by its Memorandum and Articles of Association and the company was incorporated 29 December 2000 as amended by special resolutions dated 7 February 2002, 17 May 2002, 18 July 2008,11 May 2013, 31 May 2014 and 30 May 2015. The charity was registered with the Charity Commission (registered number 1092293) on 30 May 2002.
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**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT - continued Recruitment, appointment, induction and training of trustees**
Recruitment is carried out with reference to the Charity Commission’s guidelines.
Trustees are appointed at the Annual General Meeting by ordinary resolution, but the board can appoint additional or replacement trustees during the course of the year. Trustees appointed by the Board hold office until the following Annual General Meeting at which they are subject to formal appointment. Any trustee who is appointed at the 2008 AGM or thereafter will be eligible to serve no more than 10 years. He or she will subsequently be eligible for re-appointment following a break of at least one year, and may be co-opted by the Board at an earlier date if it is deemed necessary to retain his or her specialist skills.
We hold four Trustee meetings and the AGM during the year.
Inductions, training and on-going support are provided to trustees to enable them to carry out their duties effectively. Inductions are planned for each new trustee, and each receives a comprehensive induction pack including a copy of the governing document, information on the charity’s aims and procedures and trustees’ responsibilities and roles.
Trustees set the policy, and control and monitor the trust’s activities. Trustees delegate the day to day management and administration of the trust to the Chief Executive Officer.
The Trustees have complied with the duty in section 4 of the 2006 Charities Act to have due regard to guidance published by the Charity Commission, including public benefit guidance.
## **Organisational structure**
Trustees set the policy, and control and monitor the trust's activities. Trustees delegate the day to day management and administration of the trust to the Chief Executive Officer.
The President and Vice presidents are not ex-officio members of the Board and therefore have no voting rights. They are not, however, precluded from being appointed trustees.
## **Related parties**
None of our trustees receive remuneration or benefits from their work with the charity. Any connection between a trustee or senior manager of the charity with a partner organisation or contracted individual or company must be disclosed to the full board of trustees.
Buglife has 37 company member organisations, all invertebrate specialist societies or nature conservation charities. Company members are entitled to attend Board meetings and vote at the AGM.
Buglife is a member of several umbrella bodies that discuss, determine and promote joint policies, positions and activities. These include Invertebrate Link, Wildlife and Countryside Link, Scottish Environment Link, Welsh Environment Link and the European Habitats Forum.
The charity is part of Rethink Nature with six other species conservation charities who are generating joint projects and initiatives and investigating further ways to work more effectively in achieving our similar objectives.
In 2015 we launched Buglife Services, a wholly owned subsidiary company, to undertake our contract work, which will return any surplus earned to Buglife. Directors are appointed by the Board of Trustees.
## **Pay policy for senior staff**
Payment of staff is based on a point based system using Croner data it is linked to the average salaries for comparable roles in charities in the same income and staffing level brackets, adjusted for the environmental charity sector.
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**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT - continued Risk management**
The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
4132695 (England and Wales)
## **Registered Charity numbers**
1092293
## **Scottish Charity number**
SC040004
## **Registered office**
The Lindens 86 Lincoln Road PETERBOROUGH Cambridgeshire PE1 2SN
## **Trustees**
Professor Stephen Ormerod - Chairman Christopher Spreadbury - Treasurer Sarah Dawkins (appointed 29/3/2021) Richard Forster Rachel Hooper Michael Johnston (appointed 29/3/2021) Angus Mccullough QC Wendy Brooks (appointed 10/1/2020) Richard Powell OBE (appointed 29/3/2021) Eugenie Regan (appointed 29/3/2021) Nina Seale (appointed 29/3/2021) Julie Smith Hayley Coristine Hien Luong (resigned 19/10/2020) Michael McCarthy (appointed 10/1/2020) (resigned 8/2/2021)
## **Auditors**
GMP Audit Limited 82 High Street Tenterden Kent TN30 6JG
## **Solicitors**
Greenwoods Monkstone House City Road Peterborough PE1 1JE
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**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **REFERENCE AND ADMINISTRATIVE DETAILS - continued President**
Professor Germaine Greer
## **Vice Presidents**
Nick Baker Professor Edward O Wilson Steve Backshall Alan Stubbs Maya Leonard Gillian Burke
## **CEO**
Matt Shardlow
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Buglife - The Invertebrate Conservation Trust for the purposes of company law) are responsible for preparing the Report of the Trustees 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 which 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 those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and 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 business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to 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 so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, GMP Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on 19 June 2021 and signed on its behalf by:
Professor Stephen Ormerod - Trustee
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**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **Opinion**
We have audited the financial statements of Buglife - The Invertebrate Conservation Trust (the ' parent charitable company') and its subsidiaries (the ‘Group’) for the year ended 31 December 2020 which comprise the Group Statement of Financial Activities, the Group and Charity Balance Sheets, the Group Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the Group’s and of the parent charitable company's affairs as at 31 December 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006..
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Page 11
**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 or Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion:
- the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
- the parent charitable company has not kept adequate accounting records; or
- the financial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Group’s and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Group or parent charitable company or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
We have been appointed as auditors under Section 144 of the Charities Act 2011 and Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- Discussions with management which included consideration of known or suspected instances of non-compliance with laws and regulations and fraud.
- Reviewing, evaluating and testing systems and controls to assess their effectiveness to prevent and detect irregularities.
- Identifying, reviewing and testing of journal entries.
- Challenging assumptions and judgements made by management in respect of significant accounting estimates.
- Reviewing minutes of Board Meetings for known or suspected instances of non-compliance with laws and regulations and fraud.
There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from that events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one due to error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Page 12
**REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **Use of our report**
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
GMP Audit Limited
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 82 High Street Tenterden Kent TN30 6JG
26 July 2021
Page 13
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
4
**546,774**
**Charitable activities**
6
Practical Conservation
**-**
Education and Advocacy
**-**
Policy and Campaigning
**-**
Research, Survey & Advice
**244,017**
Fundraising
**-**
**Income from other trading activities**
Trading Income
**-**
Investment income
5
**4,962**
**Total**
**795,753**
**EXPENDITURE ON**
Raising funds
7
**47,196**
**Charitable activities**
8
Practical Conservation
**78,461**
Education and Advocacy
**91,762**
Policy and Campaigning
**171,826**
Research, Survey & Advice
**164,488**
Fundraising
**148**
**Expenditure from other trading activities**
Trading expenditure
**-**
**Total**
**553,881**
**NET INCOME**
**241,872**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**496,438**
**TOTAL FUNDS CARRIED FORWARD**
**738,310**|**2020**
Restricted
**Total**
funds
**funds**
£
**£**
**-**
**546,774**
**382,343**
**382,343**
**124,536**
**124,536**
**26,798**
**26,798**
**168,137**
**412,154**
**75,277**
**75,277**
**-**
**-**
**-**
**4,962**
**777,091**
**1,572,844**
**72,200**
**119,396**
**232,858**
**311,319**
**124,978**
**216,740**
**23,152**
**194,978**
**215,537**
**380,025**
**-**
**148**
**-**
**-**
**668,725**
**1,222,606**
**108,366**
**350,238**
**115,044**
**611,482**
**223,410**
**961,720**|_2019_
_Total_
_funds_
_£_
_340,072_
_404,663_
_166,671_
_16,604_
_299,853_
_109,666_
_23,856_
_2,124_
_1,363,509_
_74,725_
_359,857_
_229,660_
_144,545_
_332,668_
_844_
_22,420_
_1,164,719_
_198,790_
_412,692_
_611,482_|
|---|---|---|
The notes form part of these financial statements
Page 14
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST COMPANY NUMBER 4132695**
## **CONSOLIDATED BALANCE SHEET 31 DECEMBER 2020**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
14
**563**
Investments
15
**-**
**563**
**CURRENT ASSETS**
Debtors
16
**27,063**
Cash at bank
**833,362**
**860,425**
**CREDITORS**
Amounts falling due within one year
17
**(122,678)**
**NET CURRENT ASSETS**
**737,747**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**738,310**
**NET ASSETS**
**738,310**
**FUNDS**
19
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|
Restricted
funds
£
**-**
**-**
**-**
**145,466**
**195,469**
**340,935**
**(117,525)**
**223,410**
**223,410**
**223,410**|**2020**
**Total**
**funds**
**£**
**563**
**-**
**563**
**172,529**
**1,028,831**
**1,201,360**
**(240,203)**
**961,157**
**961,720**
**961,720**
**738,310**
**223,410**
**961,720**|_2019_
_Total_
_funds_
_£_
_714_
_-_
_714_
_273,927_
_632,732_
_906,659_
_(295,891)_
_610,768_
_611,482_
_611,482_
496,438
115,044
611,482|
|---|---|---|---|
The Group and parent charitable company are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
- (a) ensuring that the parent charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the Group and parent charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Group or charitable company.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011 and Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005.
The notes form part of these financial statements
continued...
Page 15
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **CONSOLIDATED BALANCE SHEET - continued 31 DECEMBER 2020**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 19 June 2021 and were signed on its behalf by:
Professor Stephen Ormerod - Trustee
Christopher Spreadbury - Trustee
The notes form part of these financial statements
continued...
Page 16
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST COMPANY NUMBER 4132695**
## **CHARITY BALANCE SHEET 31 DECEMBER 2020**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
14
**563**
Investments
15
**100**
**663**
**CURRENT ASSETS**
Debtors
16
**51,498**
Cash at bank
**804,669**
**856,167**
**CREDITORS**
Amounts falling due within one year
17
**(118,532)**
**NET CURRENT ASSETS**
**737,635**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**738,298**
**NET ASSETS**
**738,298**
**FUNDS**
19
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|
Restricted
funds
£
**-**
**-**
**-**
**145,466**
**195,469**
**340,935**
**(117,525)**
**223,410**
**223,410**
**223,410**|**2020**
**Total**
**funds**
**£**
**563**
**100**
**663**
**196,964**
**1,000,138**
**1,197,102**
**(236,057)**
**961,045**
**961,708**
**961,708**
**738,298**
**223,410**
**961,708**|_2019_
_Total_
_funds_
_£_
_437_
_100_
_537_
_287,329_
_613,680_
_901,009_
_(290,164)_
_610,845_
_611,382_
_611,382_
496,338
115,044
611,382|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011 and Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005.
The notes form part of these financial statements
continued...
Page 17
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **CHARITY BALANCE SHEET - continued 31 DECEMBER 2020**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 19 June 2021 and were signed on its behalf by:
Professor Stephen Ormerod - Trustee
Christopher Spreadbury - Trustee
The notes form part of these financial statements
Page 18
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020**
|Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash provided by investing activities
**Change in cash and cash**
**equivalents in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the**
**end of the reporting period**|**2020**
**£**
**391,917**
**391,917**
**(780)**
**-**
**4,962**
**4,182**
**396,099**
**632,732**
**1,028,831**|_2019_
_£_
_(27,901) _
_(27,901) _
_-_
_-_
_2,124_
_2,124_
_(25,777)_
_658,509_
_632,732_|
|---|---|---|
The notes form part of these financial statements
Page 19
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020**
|**1.**
**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING**
**ACTIVITIES**
**2020**
**£**
**Net income for the reporting period (as per the Statement**
**of Financial Activities)**
**350,238**
**Adjustments for:**
Depreciation charges
**931**
Interest received
**(4,962)**
Decrease/(increase) in debtors
**101,398**
Decrease in creditors
**(55,688) **
**Net cash provided by/(used in) operations**
**391,917**
2.
**ANALYSIS OF CHANGES IN NET FUNDS**
At 1/1/20
Cash flow
£
£
**Net cash**
Cash at bank
**632,732**
**396,099**
**Total**
**632,732**
**396,099**|_2019_
_£_
_198,790_
_1,338_
_(2,124)_
_(38,534)_
_(187,371)_
_(27,901) _
**At 31/12/20**
**£**
**1,028,831**
**1,028,831**|
|---|---|
The notes form part of these financial statements
Page 20
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. STATUTORY INFORMATION**
Buglife - The Invertebrate Conservation Trust is a private charitable company limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found in the reference and administrative details in the Report of the Trustees.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
## **Group financial statements**
The financial statements consolidate the results of the charity and its wholly owned subsidiary Buglife Services Limited on a line by line basis. A summary of the Statement of Financial Activities and Income and Expenditure Account for the charity can be found in note 3.
## **Preparation of accounts on a going concern basis**
The trustees reported a cash inflow of £396,099 for the year. The trustees are of the view that the charity will continue for the next 12 months.
## **Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income will be received and the amount can be measured reliably and is not deferred.
Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria foe income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.
## **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
continued...
Page 21
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **2. ACCOUNTING POLICIES - continued**
## **Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of raising funds comprise the costs of fundraising.
- Expenditure on charitable activities includes the costs of practical conservation, education and advocacy, policy and campaigning, research and survey and advice and their associated support costs.
- Other expenditure represents those items not falling into any other heading.
## **Government grants**
Government grants are treated the same as other restricted grants and the income is recognised on the same basis as described above. Expenses are recognised in accordance with the above policy.
## **Support costs**
The allocation of support and governance costs is based on the staff costs allocated to: Practical conservation Education and advocacy Policy and campaigning Research, survey and advice Fundraising
## **Apportionment of costs between projects**
Where a cost is attributable to a specific project the cost is allocated to that project.
Where a cost is attributed to two or more project, the cost is apportioned between the appropriate projects. Wages are apportioned between projects based upon the budgeted time required at the outset of each project.
## **Tangible fixed assets**
Tangible fixed assets over £500 and for non-project activities are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over it's useful life, as follows:
Computer equipment Straight line basis over three years Fixtures, fittings and equipment Straight line basis over three years
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Funds obtained for specific projects are allocated to the Restricted Fund under the terms of the grant or donation. Any Restricted Fund project deficits are covered by a transfer from the Unrestricted Fund. The Designated Fund was set up for the purpose of setting aside funds to cover project spending not met by the grantee and this fund is now not considered necessary.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 22
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **2. ACCOUNTING POLICIES - continued**
## **Operating leases**
The charity classifies the licence of the building from which it operates as an operating lease; the title to the property remains with the licencee.
Rental charges are charged on a straight line basis over the term of the lease.
## **Donated services**
Donated professional services have been assessed and valued in note 4 to the accounts.
## **Financial instruments**
The trust 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.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of twelve months or less from the date of acquisition or opening of the deposit or similar account.
## **Creditors**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Investments**
Investments in subsidiaries are measured at cost less accumulated impairment.
## **3. FINANCIAL ACTIVITIES OF THE CHARITY**
|**Total incoming resources**
Total resources expended
**Net movement in funds**
Funds brought forward
**Funds carried forward**
**Represented by:**
Unrestricted funds
Restricted funds|**2020**
**£**
**1,572,932**
**(1,222,606)**
**350,326**
**611,382**
**961,708**
**738,298**
**223,410**
**961,708**|_2019_
_£_
_1,350,955_
_(1,152,165)_
_198,790_
_412,592_
_611,382_
_496,338_
_115,044_
_611,382_|
|---|---|---|
||||
||||
continued...
Page 23
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **4. DONATIONS AND LEGACIES**
|Donations
Legacies
Grants
Subscriptions|**2020**
**£**
**95,051**
**168,904**
**198,500**
**84,319**
**546,774**|_2019_
_£_
_127,151_
_104,804_
_31,300_
_76,817_
_340,072_|
|---|---|---|
## **Donated Services**
Buglife obtains considerable support from volunteers. During the year we received 440 hours (2019 - 4,661) in voluntary contributions ranging from individuals volunteering for practical conservation projects to scientists, overseas volunteers, managerial volunteers, students, survey workers, administrators and researchers. If these hours were to be valued, and included within the Statement of Financial Activities then the income and corresponding costs would be £4,400 (2019 - £46,610).
## **5. INVESTMENT INCOME**
|Deposit account interest
**6.**
**INCOME FROM CHARITABLE ACTIVITIES**
Grants
Donations
Consultancy
Other income
Research,
Survey &
Advice
£
Grants
**84,084**
Donations
**-**
Consultancy
**84,053**
Other income
**244,017**
**412,154 **|**2020**
**£**
**4,962**
Education
Practical
and
Conservation
Advocacy
£
£
**359,219**
**92,396**
**14,401**
**3,500**
**8,096**
**28,640**
**627**
**-**
**382,343**
**124,536**
**2020**
Total
Fundraising
activities
£
**£**
**53,462**
**615,959**
**-**
**17,901**
**21,815**
**142,604**
**-**
**244,644**
**75,277**
**1,021,108**|_2019_
_£_
_2,124_
Policy
and
Campaigning
£
**26,798**
**-**
**-**
**-**
**26,798**
_2019_
Total
activities
_£_
_712,005_
_12,773_
_42,082_
_230,597_
_997,457_|
|---|---|---|
continued...
Page 24
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **6. INCOME FROM CHARITABLE ACTIVITIES - continued**
Grants received, included in the above, are as follows:
|Growing Our Countries
B-Lines Farm Advisory
Putting Bugs on the Map
Neonicotinoids Campaign
B-Lines
Polli:Nation
Urban Buzz National
Postcode Lottery
Urban Buzz Wadebridge
Urban Buzz St Austell
Urban Buzz Truro
Urban Buzz Falmouth
East of England Bees
Urban Buzz Ipswich
Urban Buzz Leeds
Urban Buzz Leicester
Urban Buzz Bristol
Esmee Fairbairn Foundation B-Lines
Growing B-Lines Fundraiser
National Lottery Heritage Fund Covid-19 Fund
B From The Brink Narrow-headed Ant
Action for Northern Ireland’s Invertebrates
Welsh Government
South Wales B-Lines
Blue Ground Beetle
West Glamorgan Pollinators & Freshwater
Resilient Gwent
Neath Port Talbot - BLines
Searching for Scabious
Cornwall Mud Smails
Urban Fringe Pollinators
LIFE Slamannan Bog Restoration Project
Marvellous Mud Smails
John Muir Pollinator Way - Phase 2
Bordered Brown Lacewing
Future Freshwater
Scotland's Buzzing
Spotting Pot Beetles
Garnocks Buzzing
West Lothian's Buzzing
Falkirk's Pollinator Way
Central Scotland B-Lines 2019
Falkirk Peatland Project
Cairngorms B-Lines
Scottish Beetles
Scottish Spiders
Northern February Red|**2020**
**£**
**39,190**
**-**
**4,001**
**2,000**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**60,000**
**10,833**
**49,500**
**-**
**35,055**
**-**
**-**
**13,964**
**8,034**
**8,882**
**8,477**
**13,443**
**-**
**-**
**-**
**-**
**-**
**-**
**5,823**
**7,327**
**-**
**5,684**
**24,376**
**-**
**111,616**
**196,058**
**2,620**
**4,127**
**2,269**
**2,680**
**615,959**|_2019_
_£_
_25,675_
_20,000_
_23,000_
_-_
_25,000_
_197_
_56,786_
_77,500_
_6,889_
_11,475_
_5,513_
_6,627_
_4,691_
_23,369_
_35,195_
_24,725_
_24,736_
_-_
_-_
_-_
_2,000_
_40,226_
_13,756_
_1,500_
_13,870_
_43,865_
_2,307_
_-_
_-_
_40,500_
_5,532_
_6,769_
_7,670_
_43,148_
_6,015_
_3,082_
_13,771_
_5,023_
_14,007_
_17,490_
_(920)_
_21,805_
_39,211_
_-_
_-_
_-_
_-_
_712,005_|
|---|---|---|
continued...
Page 25
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **7. RAISING FUNDS**
## **Raising donations and legacies**
|Staff costs
Other direct costs|**2020**
**£**
**53,445**
**65,951**
**119,396**|_2019_
_£_
_75,493_
_(768) _
_74,725_|
|---|---|---|
## **8. CHARITABLE ACTIVITIES COSTS**
|Practical Conservation
Education and Advocacy
Policy and Campaigning
Research, Survey & Advice
Fundraising||Direct
Costs
£
**310,212**
**216,003**
**194,390**
**378,918**
**-**
**1,099,523**|Support
costs (see
note 8)
£
**1,107**
**737**
**588**
**1,107**
**148**
**3,687**|Totals
£
**311,319**
**216,740**
**194,978**
**380,025**
**148**
**1,103,210**|
|---|---|---|---|---|
||||||
Direct costs consists of salary costs and other direct costs comprising of consultancy charges, contractors, equipment and materials, and project recharges of general support and fundraising costs.
## **9. SUPPORT COSTS**
|Practical Conservation
Education and Advocacy
Policy and Campaigning
Research, Survey & Advice
Fundraising
**(**
Activity
Basis of allocation
General support costs
Allocated on staff time
Governance costs
Allocated on staff time|General
support
Governance
costs
costs
£
£
**(3,644)**
**4,751**
**(2,430)**
**3,167**
**(1,945)**
**2,533**
**(3,644)**
**4,751**
**(486)**
**634**
**12,149) **
**15,836**|Totals
£
**1,107**
**737**
**588**
**1,107**
**148**
**3,687**|
|---|---|---|
The Trust initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. Having identified its governance costs, the remaining support costs together with the governance costs are apportioned between fundraising and the four key charitable activities.
continued...
Page 26
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **10. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Auditors' remuneration
Depreciation - owned assets
Other operating leases|**2020**
**£**
**6,790**
**931**
**11,220**|_2019_
_£_
_5,450_
_673_
_11,220_|
|---|---|---|
## **11. TRUSTEES' REMUNERATION AND BENEFITS**
The charity trustees were not paid and did not receive any other benefits from employment with the Trust or its subsidiary in the year (2019:£nil).
## **Trustees' expenses**
Trustees are entitled to reimbursement for expenses incurred on behalf of the charity. During the year trustees were reimbursed a total of £nil (2019: £nil) which related to travel and subsistence. No charity trustees received payment for professional or other services supplied to the charity (2019: £nil).
continued...
Page 27
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **12. STAFF COSTS**
|Wages and salaries
Social security costs
Pension costs|**2020**
**£**
**671,921**
**60,712**
**42,529**
**775,162**|_2019_
_£_
_617,484_
_53,813_
_37,328_
_708,625_|
|---|---|---|
Pension costs are allocated to activities in proportion to the related staffing costs incurred and are wholly charged to unrestricted funds.
The average monthly head count was 25 staff (2019: 26 staff) and the average monthly number of full-time equivalent employees (including casual and part time staff) during the year was as follows:
The average monthly number of employees during the year was as follows:
|Conservation, education, policy and research
Fundraising
Administration|**2020**
**15**
**1**
**3**
**19**|_2019_
_14_
_1_
_3_
_18_|
|---|---|---|
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
£60,001 - £70,000
|**2020**|_2019_|
|---|---|
|**1**|_1_|
Pension contributions on behalf on these staff members during the year were £5,374 (2019 £5,254)
## **KEY MANAGEMENT PERSONNEL**
The key management personnel of the parent charity, the trust, comprise the trustees and the Chief Executive Officer, Conservation Director, Fundraising and Communications Director, Head of Finance, Facilities & Administration and Head of Human Resources. The total employee benefits of the key management personnel of the trust were £292,359 (2019: £285,064).
The key management personnel of the group comprise those of the Trust and the key management personnel of its wholly owned subsidiary Buglife Services Limited. The key management personnel of Buglife Services Limited is the Managing Director who is the Fundraising and Communications Director of the parent charity. The employee benefits of key management personnel for the group was therefore £292,359 (2019: £285,064).
continued...
Page 28
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **13. COMPARATIVES FOR THE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Practical Conservation
Education and Advocacy
Policy and Campaigning
Research, Survey & Advice
Fundraising
**Income from other trading activities**
Fundraising
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Practical Conservation
Education and Advocacy
Policy and Campaigning
Research, Survey & Advice
Fundraising
**Expenditure from other trading activities**
Fundraising
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
340,072
-
-
-
230,597
-
23,856
2,124
596,649
34,476
59,968
69,756
128,791
125,196
844
22,420
441,451
155,198
341,240
496,438|
Restricted
funds
£
-
404,663
166,671
16,604
69,256
109,666
-
-
766,860
40,249
299,889
159,904
15,754
207,472
-
-
723,268
43,592
71,452
115,044|Total
funds
_£_
340,072
404,663
166,671
16,604
299,853
109,666
23,856
2,124
1,363,509
74,725
359,857
229,660
144,545
332,668
844
22,420
1,164,719
198,790
412,692
611,482|
|---|---|---|---|
continued...
Page 29
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
|**14.**
**TANGIBLE FIXED ASSETS**
**_Group_**
**COST**
At 1 January 2020
Additions
Disposals
At 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
Eliminated on disposal
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019
**_Charity_**
**COST**
At 1 January 2020
Additions
Disposals
At 31 December 2020
**DEPRECIATION**
At 1 January 2020
Charge for year
Eliminated on disposal
At 31 December 2020
**NET BOOK VALUE**
At 31 December 2020
At 31 December 2019|Fixtures
and
Computer
fittings
equipment
£
£
**3,621**
**66,390**
**-**
**780**
**-**
**(62,601)**
**(**
**3,621**
**4,569**
**3,621**
**65,676**
**-**
**931**
**-**
**(62,601)**
**(**
**3,621**
**4,006**
**-**
**563**
_-_
_714_
Fixtures
and
Computer
fittings
equipment
£
£
**3,621**
**64,395**
**-**
**2,775**
**-**
**(60,606)**
**(**
**3,621**
**6,564**
**3,621**
**63,958**
**-**
**931**
**-**
**(58,888)**
**(**
**3,621**
**6,001 **
**-**
**563**
_-_
_437_|Totals
£
**70,011**
**780**
**62,601)**
**8,190**
**69,297**
**931**
**62,601) **
**7,627**
**563**
_714_
Totals
£
**68,016**
**2,775**
**60,606) **
**10,185**
**67,579**
**931**
**58,888) **
**9,622**
**563**
_437_|
|---|---|---|
continued...
Page 30
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **15. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Shares in|
|**_Charity_**|group|
||undertaking|
||£|
|**MARKET VALUE**||
|At 1 January 2020 and||
|31 December 2020|**100**|
|**NET BOOK VALUE**||
|At 31 December 2020|**100**|
|At 31 December 2019|_100_|
There were no investment assets outside the UK.
The charity holds 100 shares of £1 each in its wholly owned trading subsidiary company Buglife Services Limited (Company number: 9265752) which is incorporated in the United Kingdom. These are the only shares allotted, called up and fully paid.
The registered office of Buglife Services Limited is, 86 Lincoln Road, Peterborough, England, PE1 2SN.
The summary of turnover and expenditure of Buglife Services for 31 December 2020 is as follows:
|Turnover
Cost of sales and administration costs
Net Profit
Amounts gift aided to the charity
Retained in subsidiary|**2020**
£
-
88
88
(88)
-|_2019_
_£_
_23,856_
_(22,421) _
_1,435_
_(1,435) _
_-_|
|---|---|---|
The aggregate of assets and liabilities for Buglife Services for 31 December 2020 is as follows:
|Fixed assets
Current assets
Current liabilities
Total net assets
Aggregate share capital and reserves|**2020**
£
-
28,693
(28,593)
100
100|_2019_
_£_
_277_
_28,495_
_(28,672) _
_100_
_100_|
|---|---|---|
continued...
Page 31
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
|**16.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**_Group_**
Other debtors
Prepayments
**_Charity_**
Amounts owed by group undertakings
Other debtors
Prepayments
**17.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**_Group_**
Trade creditors
Accruals and deferred income
Accrued expenses
**_Charity_**
Trade creditors
Accruals and deferred income
Accrued expenses|**2020**
**£**
**167,721**
**4,808**
**172,529**
**2020**
**£**
**24,467**
**167,689**
**4,808**
**196,964**
**2020**
**£**
**65,212**
**150,683**
**24,308**
**240,203**
**2020**
**£**
**65,212**
**150,683**
**20,162**
**236,057**|_2019_
_£_
_269,713_
_4,214_
_273,927_
_2019_
_£_
_22,945_
_260,170_
_4,214_
_287,329_
_2019_
_£_
_35,556_
_234,446_
_25,889_
_295,891_
_2019_
_£_
_35,556_
_234,446_
_20,162_
_290,164_|
|---|---|---|
Deferred income comprises grants received for projects where the entitlement had not yet been secured by fulfilling all conditions of the grant
## **18. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year|**2020**
**£**
**5,610**|_2019_
_£_
_5,610_|
|---|---|---|
continued...
Page 32
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
|**19.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Biodiversity Action
Ladybird Spider
Growing our Countries
Putting Bugs on the Map
Neonicotinoids
B-Lines
Bee Together
Esmee Fairbairn Foundation B-Lines
Growing B-Lines Fundraiser
Changing Chalk
Back From The Brink Narrow-headed Ant
Action For Northern Ireland’s
Invertebrates
Canvey Wick
Wrexham Industrial Estate Living Levels
Giving Nature a Home
Lord Mayor's Fund Cardiff
Blue Ground Beetle
West Glamorgan Pollinators & Freshwater
Neath Port Talbot Green Infrastructure
Rhos Pasture Project
Resilient Gwent
Neath Port Talbot - Blines
Searching for Scabious
South West Bees Project
Cornwall Mud Snails
Defra - ELMS
Farm Advice
Blue Ground Beetle - Devon
John Muir Pollinator Way Phase 2
Fantastic Freshwater
Scotland's Buzzing
Spotting Pot Beetles
Garnocks Buzzing
West Lothian's Buzzing
Falkirk's Pollinator Way
Central Scotland B-Lines 2019
Falkirk Peatland Project
SEAMS School Projects
Scottish Beetles
Scottish Spiders
Northern February Red
**TOTAL FUNDS**|At 1/1/20
£
**496,438**
**10,000**
**5,591**
**1,853**
**3,000**
**5,362**
**5,285**
**221**
**-**
**-**
**-**
**2,030**
**1,411**
**1,384**
**-**
**-**
**11,425**
**-**
**1,050**
**-**
**977**
**-**
**-**
**-**
**327**
**8,000**
**-**
**-**
**-**
**9,272**
**1,182**
**1,178**
**270**
**445**
**4,409**
**6,406**
**3,379**
**30,587**
**-**
**-**
**-**
**-**
**115,044**
**611,482**|Net
movement
in funds
£
**241,872**
**-**
**-**
**5,420**
**69**
**2,000**
**8,063**
**210**
**9,162**
**(215)**
**(1,314)**
**(2,030)**
**(563)**
**(159)**
**481**
**2,561**
**(7,000)**
**(844)**
**(1,050)**
**1,580**
**(977)**
**647**
**8,149**
**2,236**
**-**
**(8,000)**
**141**
**200**
**627**
**(9,272)**
**(351)**
**(2,018)**
**(270)**
**(2,239)**
**(3,484)**
**(2,040)**
**(8,335)**
**108,648**
**7,306**
**(38)**
**(898)**
**1,963**
**108,366**
**350,238**|At
31/12/20
£
**738,310**
**10,000**
**5,591**
**7,273**
**3,069**
**7,362**
**13,348**
**431**
**9,162**
**(215)**
**(1,314)**
**-**
**848**
**1,225**
**481**
**2,561**
**4,425**
**(844)**
**-**
**1,580**
**-**
**647**
**8,149**
**2,236**
**327**
**-**
**141**
**200**
**627**
**-**
**831**
**(840)**
**-**
**(1,794)**
**925**
**4,366**
**(4,956)**
**139,235**
**7,306**
**(38)**
**(898)**
**1,963**
**223,410**
**961,720**|
|---|---|---|---|
continued...
Page 33
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **19. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|**795,753**|**(553,881)**|**241,872**|
|**Restricted funds**||||
|Growing our Countries|**39,190**|**(33,770)**|**5,420**|
|Putting Bugs on the Map|**6,382**|**(6,313)**|**69**|
|Neonicotinoids|**2,000**|**-**|**2,000**|
|B-Lines|**8,063**|**-**|**8,063**|
|Bee Together|**1,710**|**(1,500)**|**210**|
|Esmee Fairbairn Foundation B-Lines|**60,000**|**(50,838)**|**9,162**|
|Peterborough B-Lines|**923**|**(923)**|**-**|
|Growing B-Lines Fundraiser|**10,833**|**(11,048)**|**(215)**|
|Changing Chalk|**28,158**|**(29,472)**|**(1,314)**|
|BOLD- 2020 Gap Analysis of the||||
|BOLD Database for Key English||||
|Invertebrates|**5,085**|**(5,085)**|**-**|
|Streaked Bombardier|**1,120**|**(1,120)**|**-**|
|National Lottery Heritage Fund Covid-19 Fund|**49,500**|**(49,500)**|**-**|
|Back From The Brink Narrow-headed Ant|**-**|**(2,030)**|**(2,030)**|
|Back From The Brink Colour in the Margins|**5,360**|**(5,360)**|**-**|
|Action For Northern Ireland’s||||
|Invertebrates|**35,055**|**(35,618)**|**(563)**|
|Canvey Wick|**497**|**(656)**|**(159)**|
|Wrexham Industrial Estate Living Levels|**9,226**|**(8,745)**|**481**|
|Giving Nature a Home|**12,062**|**(9,501)**|**2,561**|
|Lord Mayor's Fund Cardiff|**-**|**(7,000)**|**(7,000)**|
|Blue Ground Beetle|**13,964**|**(14,808)**|**(844)**|
|West Glamorgan Pollinators & Freshwater|**8,034**|**(9,084)**|**(1,050)**|
|Neath Port Talbot Green Infrastructure|**4,500**|**(2,920)**|**1,580**|
|Rhos Pasture Project|**8**|**(985)**|**(977)**|
|Resilient Gwent|**8,882**|**(8,235)**|**647**|
|Neath Port Talbot Lost Peatlands|**5,068**|**(5,068)**|**-**|
|Cardiff Urban Greening|**3,050**|**(3,050)**|**-**|
|Neath Port Talbot - Blines|**15,477**|**(7,328)**|**8,149**|
|Searching for Scabious|**13,443**|**(11,207)**|**2,236**|
|Kent Wildlife Trust Local Places for Nature|**6,704**|**(6,704)**|**-**|
|Cornwall Mud Snails|**-**|**(8,000)**|**(8,000)**|
|Defra - ELMS|**31,304**|**(31,163)**|**141**|
|Farm Advice|**200**|**-**|**200**|
|National Trust Payments for Outcome|**900**|**(900)**|**-**|
|Blue Ground Beetle - Devon|**627**|**-**|**627**|
|Herefordshire Meadows Group|**540**|**(540)**|**-**|
|Slamannan Peatland Initiative|**2,838**|**(2,838)**|**-**|
|John Muir Pollinator Way Phase 2|**-**|**(9,272)**|**(9,272)**|
|Fantastic Freshwater|**5,823**|**(6,174)**|**(351)**|
|Scotland's Buzzing|**7,327**|**(9,345)**|**(2,018)**|
|Spotting Pot Beetles|**-**|**(270)**|**(270)**|
|Garnocks Buzzing|**5,684**|**(7,923)**|**(2,239)**|
|West Lothian's Buzzing|**24,376**|**(27,860)**|**(3,484)**|
|Falkirk's Pollinator Way|**-**|**(2,040)**|**(2,040)**|
|Central Scotland B-Lines 2019|**112,616**|**(120,951)**|**(8,335)**|
|Falkirk Peatland Project|**196,058**|**(87,410)**|**108,648**|
continued...
Page 34
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
|**19.**
**MOVEMENT IN FUNDS - continued**
Cairngorms B-Lines
Hoverfly Citizens Science Survey
SEAMS School Projects
River Leven Invert Habitat & Corridor
Scottish Beetles
Scottish Spiders
Northern February Red
Pollinators Along The Tweed
**TOTAL FUNDS**|**2,620**
**2,216**
**8,405**
**1,872**
**4,127**
**2,269**
**2,680**
**10,315**
**777,091**
**1,572,844**|**(2,620)**
**(2,216)**
**(1,099)**
**(1,872)**
**(4,165)**
**(3,167)**
**(717)**
**(10,315)**
**(668,725)**
**(1,222,606)**|
**-**
**-**
**7,306**
**-**
**(38)**
**(898)**
**1,963**
**-**
**108,366**
**350,238**|
|---|---|---|---|
continued...
Page 35
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **19. MOVEMENT IN FUNDS - continued**
**Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Biodiversity Action
Ladybird Spider
Growing our Countries
Putting Bugs on the Map
Neonicotinoids
B-Lines
Bee Together
Back From The Brink Narrow-headed Ant
Action For Northern Ireland’s
Invertebrates
Canvey Wick
Wrexham Industrial Estate Living Levels
Lord Mayor's Fund Cardiff
Blue Ground Beetle
West Glamorgan Pollinators & Freshwater
Rhos Pasture Project
South West Bees Project
Cornwall Mud Snails
John Muir Pollinator Way Phase 2
Fantastic Freshwater
Scotland's Buzzing
Spotting Pot Beetles
Garnocks Buzzing
West Lothian's Buzzing
Falkirk's Pollinator Way
Central Scotland B-Lines 2019
Falkirk Peatland Project
Polli:Nation
Urban Buzz National
Urban Buzz Wadebridge
Urban Buzz St. Austell
Urban Buzz Truro
Urban Buzz Falmouth
Urban Buzz Ipswich
Urban Buzz Leeds
Urban Buzz Leicester
Urban Buzz Bristol
Welsh Government
South Wales B-Lines
Marvellous Mud Snails
Bordered Brown Lacewing
Bridgeness Biodiversity
**TOTAL FUNDS**|At 1/1/19
£
341,240
10,000
5,143
-
-
5,362
3,093
-
30
(4,496)
1,434
15
11,425
2,044
-
-
327
-
14,459
121
1,149
686
-
727
12,047
-
-
1,203
54,544
1,228
2,198
877
1,014
(27,217)
(111)
(1,369)
(30,018)
1,232
(495)
(478)
1,969
3,309
71,452
412,692|Net
movement
in funds
£
155,198
-
448
1,853
3,000
-
2,192
221
2,000
5,907
(50)
(15)
-
(2,044)
1,050
977
-
8,000
(5,187)
1,061
29
(416)
445
3,682
(5,641)
3,379
30,587
(1,203)
(54,544)
(1,228)
(2,198)
(877)
(1,014)
27,217
111
1,369
30,018
(1,232)
495
478
(1,969)
(3,309)
43,592
198,790|At
31/12/19
£
496,438
10,000
5,591
1,853
3,000
5,362
5,285
221
2,030
1,411
1,384
-
11,425
-
1,050
977
327
8,000
9,272
1,182
1,178
270
445
4,409
6,406
3,379
30,587
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
115,044
611,482|
|---|---|---|---|
continued...
Page 36
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **19. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|596,649|(441,451)|155,198|
|**Restricted funds**||||
|Ladybird Spider|448|-|448|
|Growing our Countries|25,675|(23,822)|1,853|
|Putting Bugs on the Map|23,000|(20,000)|3,000|
|B-Lines|27,705|(25,513)|2,192|
|Bee Together|2,565|(2,344)|221|
|Changing Chalk|158|(158)|-|
|BOLD- 2020 Gap Analysis of the||||
|BOLD Database for Key English||||
|Invertebrates|3,990|(3,990)|-|
|Back From The Brink Narrow-headed Ant|2,000|-|2,000|
|Action For Northern Ireland’s||||
|Invertebrates|40,226|(34,319)|5,907|
|Canvey Wick|2,355|(2,405)|(50)|
|Wrexham Industrial Estate Living Levels|10,711|(10,726)|(15)|
|Giving Nature a Home|11,865|(11,865)|-|
|Blue Ground Beetle|13,870|(15,914)|(2,044)|
|West Glamorgan Pollinators & Freshwater|43,865|(42,815)|1,050|
|Rhos Pasture Project|1,158|(181)|977|
|Resilient Gwent|2,307|(2,307)|-|
|Cornwall Mud Snails|40,500|(32,500)|8,000|
|Defra - ELMS|5,532|(5,532)|-|
|National Trust Payments for Outcome|300|(300)|-|
|John Muir Pollinator Way Phase 2|43,148|(48,335)|(5,187)|
|Fantastic Freshwater|3,082|(2,021)|1,061|
|Scotland's Buzzing|13,851|(13,822)|29|
|Spotting Pot Beetles|5,023|(5,439)|(416)|
|Garnocks Buzzing|14,007|(13,562)|445|
|West Lothian's Buzzing|17,490|(13,808)|3,682|
|Falkirk's Pollinator Way|(920)|(4,721)|(5,641)|
|Central Scotland B-Lines 2019|21,805|(18,426)|3,379|
|Falkirk Peatland Project|39,211|(8,624)|30,587|
|Hoverfly Citizens Science Survey|916|(916)|-|
|B-Lines Farm Advisory|22,800|(22,800)|-|
|Polli:Nation|197|(1,400)|(1,203)|
|Urban Buzz National|56,886|(111,430)|(54,544)|
|Postcode Lottery|77,500|(77,500)|-|
|Urban Buzz Wadebridge|6,889|(8,117)|(1,228)|
|Urban Buzz St. Austell|11,475|(13,673)|(2,198)|
|Urban Buzz Truro|5,513|(6,390)|(877)|
|Urban Buzz Falmouth|6,627|(7,641)|(1,014)|
|East of England Bees|4,691|(4,691)|-|
|Urban Buzz Ipswich|32,746|(5,529)|27,217|
|Urban Buzz Leeds|35,220|(35,109)|111|
|Urban Buzz Leicester|24,725|(23,356)|1,369|
|Urban Buzz Bristol|27,276|2,742|30,018|
|Welsh Government|13,756|(14,988)|(1,232)|
|South Wales B-Lines|1,500|(1,005)|495|
|LIFE Slamannan Bog|6,769|(6,769)|-|
continued...
Page 37
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
|**19.**
**MOVEMENT IN FUNDS - continued**
Marvellous Mud Snails
Bordered Brown Lacewing
Bridgend Council
Cardiff Council
Wrexham Industrial Estate Living Landscapes
Bridgeness Biodiversity
**TOTAL FUNDS**|7,670
6,053
902
614
1,208
-
766,860
1,363,509|(7,192)
(8,022)
(902)
(614)
(1,208)
(3,309)
(723,268)
(1,164,719)|478
(1,969)
-
-
-
(3,309)
43,592
198,790|
|---|---|---|---|
## **Details of restricted funds**
## **Biodiversity Action**
In 2020 Buglife continued to engage with Biodiversity policy and strategy work, playing an active role in the UK Link organisations and the Invertebrate Taxonomic Group of the England Biodiversity Strategy. We represented Wildlife NGOs at a Defra Biodiversity Board meeting.
## **Ladybird Spider**
This project is to conserve the rare and threatened Ladybird spider.
## **Growing our Countries**
Support for Growing our Countries will enable us to be bigger and bolder in our work in Scotland, Wales and N Ireland; to build our presence and influence; to create new collaborations and partnerships for nature; to inform, inspire and engage more people; and to ensure that we can take effective action for invertebrates in the three countries. Supported by the John Ellerman Foundation.
## **Putting Bugs on the Map**
An ambitious new project to identify and map the UK’s most Important Invertebrate Areas, then inspire, inform and deliver real change on the ground for our most scarce and threatened invertebrates.
## **Neonicotinoids**
The neonicotinoid campaign has been to suspend the use of these chemicals in plant protection products due to their harmful effects on wildlife, and to improve the pesticide regulation process to ensure proper testing and consideration of the effect on non-target invertebrate populations before licensing.
## **B-Lines**
This project is to create lines of wildflowers across the UK to sustain healthy insect pollinator populations. Regular and ad hoc donations has provided on-going funding
## **Bee Together**
This project aims to bring people together to help reverse the declines of wild bees and other pollinators through engagement, education and practical conservation work.
## **Esmee Fairbairn Foundation B-Lines**
B-Lines aims to create a network of wildflower-rich habitats across the UK to restore and sustain healthy populations of pollinating insects. The project will also complete the UK B-Lines map and develop a strategic approach to B-Lines delivery.
## **Peterborough B-Lines**
This project aims to reverse the serious decline in pollinator numbers by creating a network of wildflower pathways, linking together existing habitats in the city.
continued...
Page 38
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **19. MOVEMENT IN FUNDS - continued**
## **Growing B-Lines Fundraiser**
Funding for a fundraiser to build funding partnerships in support of the Emse Fairbairn funded Growing B-Lines Project.
## **Changing Chalk**
National Trust led partnership project in the Sussex Downs. Buglife project work includes Landscapes for Wild Pollinators to encourage B-Lines delivery, sustainable vineyards for invertebrates for pollinators and a Wart-biter bush-cricket recovery plan
## **BOLD- 2020 Gap Analysis of the BOLD Database for Key English Invertebrates**
Natural England commissioned project to undertake a gap analysis of the ‘Barcode for Life Data Sysytem’ (BOLD) database for key English invertebrates and identify approaches to filling the current gap
## **Streaked Bombardier**
Contract to deliver habitat monitoring and management at Streaked bombardier receptor sites.
## **National Lottery Heritage Fund Covid-19 Fund**
NLHF Heritage Emergency Fund grant to mitigate impacts of Covid-19 on the organisation.
## **Back From The Brink Narrow-headed Ant**
Part of the Back from the Brink initiative, this project will establish new populations of the Narrowheaded ant in South Devon, and provide opportunities for local communities to contribute to its conservation.
## **Back From The Brink Colour in the Margins**
Contract to produce outreach materials and arable beetle species sheets and management guidance materials for the Plantlife-led BftB Colour in the Margins project
## **Action For Northern Ireland's Invertebrates**
Working closely with the NIEA to further the conservation of Northern Ireland's Invertebrates. Supported by the Northern Ireland Environment Agency.
## **Canvey Wick**
Buglife manage Canvey Wick as a ‘Bug Reserve’ in partnership with the RSPB, on behalf of the Land Trust. We are responsible for survey and monitoring works and providing technical input into the ongoing management and communications plans.
## **Wrexham Industrial Estate Living Levels**
North Wales Wildlife Trust led project working with businesses on the WIE to enhance the site for wildlife and people. Buglife are delivering events, workshops and providing habitat management advice
## **Giving Nature a Home**
RSPB Big Lottery funded project, Buglife Cymru and Cardiff Council are partners. The project engages with schools, community groups, allotment holders and many others to provide first hand encounters with wildlife. Buglife Cymru are delivering the Urban Buzz element of the project.
## **Lord Mayor's Fund Cardiff**
This is not formally a project. Buglife and RSPB are the chosen charities for the Lord Mayor of Cardiff and numerous fundraising events have been carried out to support our work in Wales.
## **Blue Ground Beetle**
NLHF funded project raising awareness of the Blue Ground Beetle and ancient woodland habitat in South Wales. Outreach, community engagement, habitat management, workshops and surveys.
## **West Glamorgan Pollinators & Freshwater**
Welsh Gov. funded project providing staff resources to develop projects in Wales along the themes of Pollinators and Freshwater.
continued...
Page 39
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **19. MOVEMENT IN FUNDS - continued**
## **Neath Port Talbot Green Infrastructure**
Working with NPT Council to support development of their Pollinator Plan
## **Rhos Pasture Project**
Buglife were a partner in this Butterfly Conservation led project providing technical advice, input and attendance at events re. awareness raising of this important habitat.
## **Resilient Gwent**
Delivery of the Colliery Spoil Invertebrates sub-project involving undertaking surveys, community engagement and awareness raising, delivering training and workshops
## **Neath Port Talbot Lost Peatlands**
Undertaking survey work and report writing as part of NPT Council's Lost Peatlands Development Phase project.
## **Cardiff Urban Greening**
Undertaking an overview of industrial/retail sites in Cardiff and identifying opportunities to enhance habitats/ deliver within the B-Lines network, and delivering 2 community (on-line) workshops.
## **Neath Port Talbot - Blines**
Working with project partners and local communities to restore and connect pollinator habitat in NPT.
## **Searching for Scabious**
Surveys across south Wales for Large and Small scabious mining bees, production of resources and on-line training.
## **Kent Wildlife Trust Local Places for Nature**
Providing community groups with biodiversity advice and training on how to manage and enhance sites for wildlife.
## **South West Bees Project**
The South West Bees Project focuses on bee conservation at a regional scale. The Project is working to improve the status of 23 of our most threatened wild bees in South West England - via survey and research, awareness raising, and practical conservation action.
## **Cornwall Mud Snails**
Action to conserve Cornwall's population of the Pond mud snail.
## **Defra - ELMS**
Buglife's Environment Land Management Test and Trial investigated the financial incentives required, and challenges to overcome, to deliver landscapes for wild pollinators through the new ELM schemes.
## **Farm Advice**
Pollinator and farm wildlife talks, training and assessments for farmers and other land managers and owners.
## **National Trust Payments for Outcome**
This ELM T&T project worked with partners to produce a suite of outcome-based measures to deliver a wide range of public benefits as part of a whole farm approach.
## **Blue Ground Beetle - Devon**
Action to conserve the Blue ground beetle in Devon. Supported by the Papillon Distillery.
continued...
Page 40
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
**NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **19. MOVEMENT IN FUNDS - continued**
## **Hereford's Meadows Group**
Herefordshire Meadows Group contracted Buglife to help determine the methodology and guidance for bespoke bumblebee monitoring (simplified BeeWalk) and deliver online ID and survey training for their meadow makers.
## **Slamannan Peatland Initiative**
Landscape scale raised bog initiative focussing on the Slamannan Plateau near Falkirk. The initiative is lead by Buglife on behalf of the Central Scotland Bog Forum.
## **John Muir Pollinator Way Phase 2**
With funding from the Greggs Foundation and Scottish Government, Buglife have worked in partnership with CSGNt to transform habitat for pollinators at a number of sites along the route of the John Muir Way (sites previously identified in phase 1 of the project). Sites have been transformed with help from schools and local communities and with support from landowners.
## **Future Freshwater**
Fantastic Freshwater is a NatureScot funded project that is promoting the importance of freshwater habitats for invertebrates and how to survey these habitats and identify species via training workshops.
## **Scotland's Buzzing**
Scotland’s Buzzing is a NatureScot funded project that is promoting the importance of local greenspace for pollinating insects to community gardens and landowners.
## **Spotting Pot Beetles**
The Spotting Pot Beetles project, funded by NatureScot, has been raising awareness of rare Pot beetles in Scotland through workshops and public surveys.
## **Garnocks Buzzing**
Funded through the Garnocks Connections Landscape Partnership and NatureScot, Garnocks Buzzing is a National Lottery Heritage Fund pollinator project delivering new meadow creation, species identification training and FIT count training within the Garnock Valley.
## **West Lothian's Buzzing**
Working in partnership with the local authority, this meadow creation project aims to transform amenity grassland at sites identified along B-Lines into areas of species-rich grassland for pollinators and people to enjoy.
## **Falkirk's Pollinator Way**
This project is transforming several parks across Falkirk (at sites identified through the John Muir Pollinator Way project) into wildflower meadow areas with the help of the local community. This is a partnership project between Buglife and Falkirk Council that is funded by the council, NatureScot and Falkirk Environment Trust.
## **Central Scotland B-Lines**
This project (funded by the CSGNt and NatureScot) will work in partnership with biodiversity officers, park managers and others within four different local authority areas . We will work with landowners and local communities. This project will create 100 hectares of wildflower-rich habitats across 50 sites.
## **Falkirk Peatland Project**
Work to enhance or restore up to ten damaged lowland raised bogs that have been identified in the Falkirk Council area. Each of these bogs has been subjected to detrimental management practices in the past including drainage for agriculture, forestry or mineral extraction (peat and coal). Funded by SPEN (Scottish Power Energy Networks)
continued...
Page 41
**BUGLIFE - THE INVERTEBRATE CONSERVATION TRUST**
## **NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **19. MOVEMENT IN FUNDS – continued**
## **Cairngorms B-Lines**
Cairngorms National Park Authority commissioned Buglife to produce B-Lines map in the Park so we can identify important areas for pollinators and highlight opportunities for future projects and initiatives. We plan to use this information to target land managers, farmers and communities to restore, enhance and create flower rich and pollinator friendly habitats. Promoting the value of such habitat for pollinating insects across the Park.
## **Hoverfly Citizen Science Survey**
Provide advice and expertise in the development of a Citizen Science survey focused on hoverflies in Scotland. Creating a printable and downloadable citizen science survey focused on hoverflies in Scotland to be used by volunteers.
## **SEAMS School Projects**
Sustainability in Education and Agriculture Using Mixture (SEAMS) is the development and provision of targeted information resources for schools. Work of partner organisations (Royal Highland Education Trust, James Hutton Institute) to develop and deliver school engagement and citizen science monitoring.
## **River Leven Invert Habitat & Corridor**
Report with advice about creating and managing habitat for pollinators, with different techniques and habitat types for the area along the River Leven, between Methil and Leven in Fife.
## **Scottish Beetles**
Scottish Beetles is a NatureScot funded project that is promoting the importance of Scottish beetles and how to survey and identify species via training workshops.
## **Scottish Spiders**
Scottish Spiders is a NatureScot funded project that is promoting the importance of Scottish spiders and how to survey and identify species via training workshops.
## **Northern February Red**
Funded by the Cairngorms National Park Authority, this project will support staff from the Natural History Museum, London working together with Buglife staff, to develop an environmental DNA method for future surveys for the Northern February Red in the Cairngorms.
## **Pollinators Along The Tweed**
Pollinators Along the Tweed is a National Lottery Heritage Funded project led by The Tweed Forum. It will create a network for nature on the River Tweed B-Line by increasing the area of wildflowerrich grasslands and restoring habitat connectivity. The project will engage with the local authority, landowners and communities in the creation, restoration and enhancement of sites for pollinators in villages and towns along the River Tweed.
## **20. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2020.
Page 42