2021-03-31-accounts

		Page
Trustees' report		1-7
Independent examiner's report
Statement offinancial	activities
Balance sheet		10
Cash flow statement
Notes to cash flow statement		12
Notes to the financial	statements	13-24

				Restricted	Unrestricted	Total	Total
			Notes	funds	funds	2021	2020
Income
Donations and legacies					85,863	85,898	435,546
Income from charitable	activities:
Nature conservation				155,216	53,078	208,294	191,979
Other income					2,390	2,390	24,107
Investment income					3,283	3,283	4,000
Trading Income				3,000	6,669	9,669	11,694
Total income				158,251	151,283	309,534	667,326
Expenditure
Expenditure on raising	funds:
Fundraising and publicity				21,817	17,693	39,510	53,847
Expenditure on charitable		activities:
Reserves				131,549	139,505	271,054	363,285
Total expenditure				153,366	157,198	310,564	417,132
Net gain/(loss) on investments					3,870	3,870	(4,799)
Net income/(expenditure)		for the year		4,885	(2,045)	2,840	245,395
Transfers				140	(140)
Net movement in funds				5,025	(2,185)	2,840	245,395
Reconciliation offunds
Total funds brought forward				94,668	874,301	968,969	723,574
Total funds carried forward				99,693	872,116	971,809	968,969

				Note		2021		2020
						E
Net cash (outflow)/inflow		from
operating activities						(14,659)		416,686
Cash flows from investing		activities
Interest received					3,283		4,000
Payments to acquire fixed	assets				(4,519)		(13,351)
Net cash used ininvesting		activities				(1,236)		(9,351)
Change in cash and cash	equivalents		in
the reporting period						(15,895)		407,335
Cash and cash equivalents		at the
beginning ofthe reporting	period					835,949		428,614
Cash and cash equivalents		at the end
ofthe reporting period						820,054		835,949
Relating to:
Cash at bank and in hand						820,054		835,949

No	tes to the cash flow statement	tes to the cash flow statement	tes to the cash flow statement	tes to the cash flow statement
1	Reconciliation of net income to net cash inflow from operating				activities
					2021	2020
	Net income for the year				2,840	245,395
	Interest receivable				(3,283)	(4,000)
	Depreciation				15,848	17,373
	Profit on sale offixed	assets				(293)
	(Gains)/losses on investments				(3,870)	4,799
	Decrease in debtors				1,298	129,148
	(Increase) in Stock				(672)
	(Decrease)/increase	in	creditors		(26,820)	24,264
	Net cash (outflow)/inflow		from operating	activities	(14,659)	416,686

Donations	and legacies
		2021	2020
Donations	*	85,898	67,875
Legacies			355,437
		85,898	423,312

Income from cha	ritable	activities
			Restricted	Unrestricted	2021	2020
					Total	Total
					f,
Rural Payments	Agency	—Higher Level Stewardship				12,148
Rural Payments	Agency	—Single Farm Payment Scheme		58,827	58,827	58,880
Rural Payments	Agency	—Grant Claw Back		(16,362)	(16,362)	(27,611)
Council ofthe Isles ofScilly —AONB			120,000		120,000	124,812
Natural England				8,113	8,113	7,667
Duchy of Cornwall				2,500	2,500
Council ofthe Isles of Scilly - BEES			2,712		2,712
Royal Society of	Wildlife	Trusts	29,272		29,272	14,256
Oxford Innovation			3,232		3232	1,827
			155,216	53,078	208,294	191,979
Forthe year ended 31 March 2020
Restricted						140,895
Unrestricted						51,084
						191,979
nvestment. income
					2021	2020
					E
Bank interest receivable					2,382	2,833
Dividends receivable					901	1,167
					3,283	4,000

									2021	2020
							Restricted	Unrestricted	Total	Total
									F
Raising funds
Staff Costs							17,645	13,995	31,640
Fundraising		and	publicity				4,172	3,698	7„870	53,847
							21,817	17,693	39,510	53,847
Charitable	activities
Staff costs							109,708	78,450	188,158	209,142
Estate management,				tools and equipment			12,949	11,514	24,463	45,809
Other administration				expenses			4,441	34,938	39,379	88,962
Depreciation							4,451	11,397	15,848	17,373
							131,549	136,299	267,848	361,286
Governance		costs
Independent		examiner's			fees			2,700	2,700	1,860
Trustees meeting			costs					506	506	139
								3,206	3,206	1,999
							153,366	157,198	310,564	417,132
Forthe year		ended		31 March 2020
Restricted										214,478
Unrestricted										202,654
										417,132
Net income/(expenditure)					for the year
									2021f	2020f
This is stated		after charging/(crediting):
Independent		examiner's			fees
-for independent			examiner services			—current year			2,100	1,500
						- prior year			600	150
Depreciation									15,848	17,373

			2021	2020
			f.	f.
Staffcosts were as		follows:
Salaries	and wages		202,983	192,215
National	Insurance	payments	13,471	13,751
Pension	costs		3,344	3,176
			219,798	209,142

2021	2020
No	No

11	Tangible fixed assets
		Leasehold	Plant	&	Motor
		property	equipment	E	Vehiclesf		Total E
	Cost
	At 1 April 2020	139,511	79,547		59,281	278,339
	Additions		4,519				4,519
	Disposals		(1,420)				(1,420)
	At 31 March 2021	139,511	82,646		59,281	281,438
	Depreciation
	At 1 April 2020	35,938	60,636		54,461	151,035
	Charge for the year	5,524	7,973		2,351		15,848
	Disposals		(1,420)				(1,420)
	At 31 March 2021	41,462	67,189		56,812	165,463
	Net book value
	At 31 Ilarch 2021	98,049	15,457		2„469	115,975
	At 31 March 2020	103,573	18,911		4,820	127,304
12	Investments
						M8G	equity
					investment		fund
							F
	Valuation
	At 1 April 2020						16,700
	Revaluation						3,870
	At 31 March 2021					20,570
	Cost at 31 March 2021 and 2020						4,540
13	Debtors
					2021		2020
							F
	Other debtors				21,262		25,132
	P repayments				7,839		5,267
					29,101		30,399

14	Creditors: amounts	falling due within one year
			2021	2020
			F
	Trade creditors		2,273	3,089
	Accruals		12,290	10,683
	Other creditors			27,611
			14,563	41,383

15	Analysis ofnet assets between funds -2021
			Restricted	Unrestricted
			funds f	funds	Total f.
	Tangible assets		73,267	42,708	115,975
	Investments			20,570	20,570
	Net current assets		26,426	808,838	835,264
			99,693	872,116	971„809
16	Analysis ofnet assets between funds —comparative	period
			Restricted	Unrestricted
			funds	funds	Total
			E	K	E
	Tangible assets		75,008	52,296	127,304
	Investments			16,700	16,700
	Net current assets		19,660	805,305	824,965
			94,668	874,301	968,969

17	Analysis ofmovements of	funds - 2021	funds - 2021
				Brought	Income	Expenditure		Carried
				forward	8 gains	8 losses	Transfers	forward
					E			E.
	Restricted funds:
	Trenoweth Building (Depreciation) Area of Outstanding Natural Beauty			75,008		(4,000)		71,008
	(AONB)				120,000	(120,140)	140
	Historic England Archaeology/Land
	Management Project RSWT — SDF230 Friends		and	1,531				1,531
	Patrons ofScilly			14,256	1,584	(15,840)
	In-Memoriam			3,873	3,000	(2,179)		4,694
	Saving Scilly*s Atlantic Grey	Seals			35			35
	Oxford Innovation RSWT —Covid Recovery RSWT —Carbon Reduction Business Energy Efficiency	Scheme			3,232 17,688 10,000 2,712	(3,232) (5,976) (1,547) (452)		11,712 8,453 2,260
				94,668	158,251	(153,366)	140	99„693
	Unrestricted funds:
	General reserve			313,805	151,283	(157,198)	(24,935)	282,955
	Revaluation reserve			12,160	3,870			16,030
	Designated Fund —Fixed Assets			8,389				8,389
	Designated Fund - Capital			31,400			5,000	36,400
	Designated Fund —Running	Costs		153,110			19,795	172,905
	Designated Fund —	Project		355,437				355,437
	Development
				874,301	155,153	(157,198)	(140)	872,116
				968,969	313,404	(310,564)		971,809

						Brought	Income	Expenditure		Carried
						forward	&gains	&losses	Transfers	forward
						F		E	E
Restricted funds:
Trenoweth Building			(Depreciation)			79,007		(3,999)		75,008
Area of Outstanding			Natural		Beauty
(AONB)							135,563	(135,700)	133
Historic England		Archaeology/Land
Management Halpin Trust	Project 2019Project					5,061 52,000		(3,530) (54,311)	2,311	1,531
RSWT -	SDF230 Friends				and
Patrons ofScilly							14,256			14,256
In-Memoriam							5,000	(1,127)		3,873
Saving Scilly's Atlantic Grey				Seals			7,822	(13,984)	6,162
Oxford Innovation							1,827	(1,827)
						136,072	164,468	(214,478)	8,606	94,668
Unrestricted	funds:
General reserve						535,754	502,858	(202,654)	(522,153)	313,805
Revaluation	reserve					16,959		(4,799)		12,160
Designated	Fund	—Fixed Assets				8,389				8,389
Designated	Fund	—Capital				26,400			5,000	31,400
Designated	Fund	—Running		Costs					153,110	153,110
Designated	Fund	-	Legacies						355,437	355,437
						587,502	502,858	(207,453)	(8,606)	874,301
						723,574	667,326	(421,931)		968,969

				Restricted	Unrestricted	Total
			Notes	funds	funds	2020
				F		F
Income
Donations and legacies				12,822	410,490	423,312
Income from charitable	activities:
Nature conservation				140,895	51,084	191,979
Subscriptions					12,234	12,234
Other income				10,751	13,356	24„107
Investment income					4,000	4,000
Trading Income					11,694	11,694
Total income				164,468	502,858	667,326
Expenditure
Expenditure on raising funds:
Fundraising and publicity				53,670	177	53,847
Expenditure on charitable		activities:
Reserves				160,808	202,477	363,285
Total expenditure				214,478	202,654	417,132
Net loss on investments					(4,799)	(4,799)
Net (expenditure)/income		for the year		(50,010)	295,405	245,395
Transfers				8,606	(8,606)
Net movement in funds				(41,404)	286,799	245,395
Reconciliation offunds
Total funds brought forward				136,072	587,502	723,574
Total funds carried forward				94,668	874,301	968,969

Year ended 31Ma	rch		20	21				2021	2020
Income						Restricted	Unrestricted f.	Total E	Totalf
Income from donations			and	legacies:
Donations						35	71,310	71,345	67,875
Legacies									355,437
						35	71,310	71,345	423,312
Investment income.
Bank interest receivable							2,382	2,382	2,833
Dividend income							901	901	1,167
							3,283	3,283	4,000
Income from charitable		activities:
Nature conservation-
Grants receivable						155,216	67,631	222,847	191,979
Other income Sales income						3,000	2,390 6,669	2,390 9,669	24,107 11,694
						158,216	76,690	234,906	240,014
Total income						158,251	151,283	309„534	667,326
Expenditure
Cost ofraising funds:
Salaries and Wages						17,645	13,995	31,640
Fundraising and publicity						4,172	3,698	7,870	53,847
Charitable activities:
Salaries and wages						109,708	78,450	188,158	209,142
Estate management,	tools K			equipment		12,949	11,514	24,463	45,809
Rent, rates, repairs							1,016	1„016	24,219
Telephone							3,369	3,369	4,116
Insurance							3,905	3,905	4,467
Light 8 heat							595	595	2,450
Travel						3,095	8,397	11,492	23,872
Printing, postage, stationery				8 office equip		1,125	1,377	2,502	397
Motor expenses							2,927	2,927	3,593
Training costs							1,020	1,020	4,705
Subscriptions and sundry			costs			221	8,910	9,131	6,613
Computer costs Recharges							3,928	3,928	3,048 11,482
Depreciation Governance costs:						4,451	11,397	15,848	17,373
Independent examiners'			fees				2,700	2,700	1,999
Total expenditure						153,366	157,198	310,564	417,132
						4,885	(5,915)	(1,030)	250,194
Net gains/(losses) on	investments						3,870	3,870	(4,799)
Net income/(expenditure) before transfers				for the	year	4,885	(2,045)	2,840	245,395