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2023-03-31-accounts

Page
Trustees report 1-4
Statement
oftrustees
responsibilities
Independent
examiner's
report
Statement offinancial activities
Balance sheet 8-9
Statement ofcash flows 10
Notes to the financial statements 11-25

Trustees TAnderton
I Allsop
DAppleton
A Whitehouse
BArcher
RTeverson
N Jones
S Manning
R Kaye
R Eggins
L Simmonds (Appointed 19January
2023)
E Eberlein (Appointed 24 November
2022)
Charity number Charity number 1097807
Company number 04726698
Principal address Trenoweth
STMARY'S
Isles ofScilly
TR21 ONS
Registered office Trenoweth
ST MARY'S
Isles ofScilly
TR21 ONS
Independent examiner Josh Stevens ACA
RRL LLP
Peat House
Newham
Road
Truro
Comwall
TR1 2DP
Bankers Lloyds Bank Pic
Solicitors Stephens
Scown LLP
Osprey House
Malpas Road
TRURO
Comwall
TR1 1UT

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
Notes 2023 2023 2023f 2022 2022
E
2022
Income from:
Donations
and
legacies 139,355 3,788 143,143 67,769 11,325 79,094
Charitable
activities
45,753 247,531 293,284 56,018 167,050 223,068
Other trading
activities 4,834 773 5,607 8,064 8,064
Investments 3,169 3,169 2,467 2,467
Total income 193,111 252,092 445,203 134,318 178,375 312,693
Ex enditure on:
Raising funds 26,260 26,260 34,840 22,840 57,680
Charitable
activities
7 141,762 270,715 412,477 109,291 148,348 257,639
Total expenditure 168,022 270,715 438,737 144,131 171,188 315,319
Net (losses)/gains on
investments (1,349) (1,349) 1,499 1,499
Net incoming/(outgoing)
resources before
transfers 23,740 (18,623) 5,117 (8,314) 7,187 (1,127)
Gross transfers
between
funds
10,069 (10,069) (4,554) 4,554
Net income/(expenditure)
for the year/
Net movement in funds 33,809 (28,692) 5,117 (12,868) 11,741 (1,127)
Fund balances at 1 April
2022 859,248 111,434 970,682 872,116 99,693 971,809
Fund balances at 31
March 2023 893,057 82,742 975,799 859,248 111,434 970,682

2023 2022
Notes f
Fixed assets
Tangible assets 11 126,143 108,664
Investments 12 20,720 22,069
146,863 130,733
Current assets
Stocks 13 500 617
Debtors 14 49,279 25,770
Cash at bank and in hand 823,757 832,404
873,536 858,791
Creditors: amounts falling due within
one year 15 (44,600) (18,842)
Net current assets 828,936 839,949
Total assets less current liabilities 975,799 970,682
Income funds
Restricted
funds
16 82,742 111,434
Unrestricted
funds
Designated
funds
17 631,901 633,250
General
unrestricted
funds 261,156 225,998
893,057 859,248
975,799 970,682

2023 2022
Notes
Cash flows from operating activities
Cash generated
from operations
21 20,675 18,242
Investing
activities
Purchase oftangible
fixed assets
(32,491) (8,359)
Investment
income received
3,169 2,467
Net cash used in investing activities (29,322) (5,892)
Net cash used in financing activities
Net (decrease)/increase
in
cash and cash
equivalents (8,647) 12,350
Cash and cash equivalents at beginning ofyear 832,404 820,054
Cash and cash equivalents at end of year 823,757 832,404

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Donations and legacies 139,355 3,788 143,143 67,769 11,325 79,094
Donations and gifts
Donations 73,233 3,788 77,021 66,762 11,325 78,087
Legacies 66,122 66,122 1,007 1,007
139,355 3,788 143,143 67,769 11,325 79,094

Unrestricted Restricted Total Total
2022
2023 2023 2023
f K
Nature conservation 44,820 247,531 292,351 221,905
Other income 933 933 1,163
45,753 247,531 293,284 223,068
Analysis by fund
Unrestricted
funds
45,753 45,753 56,018
Restricted funds 247,531 247,531 167,050
293,284 293,284 223,068
Unrestricted Restricted Total Total
2023 2023 2023 2022
Income from charitable activities F
Rural Payments
Agency
- Single Farm Payment
Scheme 42,820 42,820 52,355
Council ofthe isles of Scilly - AONB 178,857 178,857 138,959
Duchy ofComwall 2,500
Royal Society ofWildlife Trusts 30,279 30,279 20,000
Council ofthe Isles of Scilly - loS Voucher Scheme 6,809
Homes for Shearwaters 4,000 4,000
Seabird Survey 24,999 24,999
Development ofArtificial Intelligence Asian Hornet Trap 9,396 9,396
Other 2,000 2,000 1,282
44,820 247,531 292,351 221,905
Other trading activities
Unrestricted Restricted Total Total
funds funds
2023 2023f 2023 2022
f
Trading activity income 4,834 773 5,607 8,064

Unrestricted Unrestricted
funds funds
2023f 2022
F
Bank interest receivable 2,003 1,419
Dividends receivable 1,166 1,048
3,169 2,467

Unrestricted Unrestricted Restricted Total
funds funds funds
2023 2022 2022 2022
E
Raising funds
Salaries and wages 23,242 26,284 7,634 33,918
Fundraising and publicity 3,018 8,556 15,206 23,762
Raising funds 26,260 34,840 22,840 57,680
26,260 34,840 22,840 57,680

Charitable Charitable
activities activities
2023 2022
Depreciation
and impairment
15,012 15,670
Salaries and wages 222,913 143,540
Estate management, tools and equipment 72,479 30,675
Rent, rates and repairs 7,576 5,172
Telephone 3,905 3,165
Insurance 4,568 4,003
Light &heat 1,259 749
Travel 38,774 18,838
Printing, postage, stationery &office equipment 2,632 1,291
Motor expenses 6,814 3,765
Training costs 8,550 940
Subscriptions
and sundry costs
16,058 19,505
Computer costs 6,596 5,558
407,136 252,871
Share of governance costs 5,341 4,768
412,477 257,639
Analysis by fund
Unrestricted
funds
141,762 109,291
Restricted funds 270,715 148,348
412,477 257,639
Support costs
Support Governance 2023 2022
costs costs
f
Independent
examiner's fees
2,330 2,330 2,220
Trustees meeting costs 3,011 3,011 2,548
5,341 5,341 4,768
Analysed between
Charitable activities 5,341 5,341 4,768

2023 2022
Number Number
10


y


from
the
charity
to the
fund
and
amounted
to E7,54
contributions
payable at the year end (2022: Nil).

y


from
the
charity
to the
fund
and
amounted
to E7,54
contributions
payable at the year end (2022: Nil).
2 (2022: F4,215). There
was f1,183
outstanding
Staff costs and numbers 2023f 2022
f.
Staff costs were as follows:
Salaries and wages
National
Insurance
Pension costs
payments 223,019
15,594
7,542
162,611
10,632
4,215
246,155 177,458

Tangible fixed assets
Leasehold Plant and Motor vehicles Livestock Total
land and equipment
buildingsf
Cost
At 1 April 2022
Additions
139,511 85,564
32,491
59,281 1,600 285,956
32,491
At 31 March 2023 139,511 118,055 59,281 1,600 318,447
Depreciation
and impairment
At 1 April 2022
Depreciation
charged
in the year
46,986
5,523
72,147
8,367
58,159
1,122
177,292
15,012
At 31 March 2023 52,509 80,514 59,281 192,304
Carrying
amount
At 31 March 2023
87,002 37,541 1,600 126,143
At 31 March 2022 92,525 13,417 1,122 1,600 108,664

Listed
investments
E
Cost or valuation
At 1 April 2022 22,069
Valuation changes (1,349)
At 31 March 2023 20,720
Carrying amount
At 31 March 2023 20,720
At 31 March 2022 22,069

13 Stocks
2023 2022
Finished goods and goods for resale 500 617
14 Debtors
Amounts
falling due
within one year: 2023 2022f
Trade debtors 3,017 1,288
Other debtors 16,712 15,313
Prepayments and accrued income 29,550 9,169
49,279 25,770
15 Creditors: amounts falling due within one year
2023 2022
Trade creditors 40,667 12,841
Other creditors 1,183
Accruals and deferred income 2,750 6,001
44,600 18,842
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18 Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023f 2023f 2023
f
2022
f
2022
f
2022f
Fund balances at 31
March 2023 are
represented by:
Tangible assets 49,305 76,838 126,143 39,451 69,213 108,664
Investments 20,720 20,?20 22,069 22,069
Current
assets/(liabilities)
823,032 5,904 828,936 797,728 42,221 839,949
893,057 82,742 975,799 859,248 111,434 970,682

20 Analysis ofchanges
in net funds
The trust had no debt during
the year.
21 Cash generated
from operations
2023 2022
Surplus/(deficit)
for the year
5,117 (1,127)
Adjustments
for;
Investment
income recognised
in statement
offinancial activities (3,169) (2,467)
Loss/(gain)
on investments
1,349 (1,499)
Depreciation
and impairment
oftangible
fixed assets 15,012 15,6?0
Movements
in working
capital:
Decrease
in stocks
117 55
(Increase)/decrease
in debtors
(23,509) 3,331
Increase
in creditors
25,758 4,279
Cash generated
from operations
20,675 18,242