East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Annual Report Year Ended 31 March 2022 Company Raglstration Number 5413877 Charlty Number 1109514 PKf FRANCIS CLARK Shar•d Amblllon
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Financial Statements Year Ended 31 March 2022 coKrENTS PAGES Trustees Annual Report (incorporating the Directors. rewi for the purposes of s415 companies act 20061 1-13 Independent examinerfs report to the members 14 Statement of financ¢al aciivities 15 Balar sheet 16 Notes to the financial Statements 17-26
East Devon Pebblebed Heaths Constlrvation Trust Company Limited by Guarantee Trustees Annual Report Ilncorporaling the Directors, Report for the Purposes of S415 Companies Act 2006) Year Ended 31 March 2022 The Trustees present their Report and Financial Stalemenls for the year ended 31 March 2022. They are satisfied that Ihe Financial Sialemen15 c(Mnpty wth the Tequiremen15 of 'he Charities Act 2011, the goveming document as dèscribed below and Accounting and Reporting by Charities Slalemenl of Re¢ommended Practice applicable lo charities preparing their accounts In accordance with the Fiiiancial Reporting Siandard appIae in Ihe UK end Republi¢ of IreLand IFRS 1021 leff¥tNe 1 January 20191- {Chant$ SORP IFRS 10211. Oblectlves and ActlvltJ•s The objKts of the ¢haritable company are to promote, for the benefit of tlie public. the conservation, protection and Improvement ol the ptty5ical and natural environment within the area ol the East Devon Pebbbed Heaths and the Otter Estuary. Our wsfon for the Pebbleted Heaths and the Ott>r Estuary to be places whose special qualities and rich history are understood by all, places where rare species can Iburish, and where Slety'S ever ¢h8nging needs for Tea110n. health and learning Can be fuWild_ In planning our aclivrty. the Trustees kept in mind the Charity Commlssior guidance on publi¢ benefit. The East Devon Pebblebed Heaths and the site of special Scientif interest along the River Otter Estuary are managed by the charitable company lo provKle public acces5 for w21king. rambling and oiher cty)Irolled kxjrposes. pyblK educalw. and ¢onsgrvalion of the land for thè benefrt of future geneolion$. As part ol this work, the charitable company arranges.. PublK education th1oh %bbsite nIent. ly)oks, information trthids and leaflets about the aa, the Countryside Learning Project and public meetings with the healhlan(I wardens, the conseNatn manager and the education ¢)ff¢er. Prolectitsn, monrtoring and enhan¢ernenl ol wildlife habitats on the he)Ihlands and estuary. The prirnary aim ol practKal wnservK)n work al both site$ 1$ to de11ver'Favourable COndOn Slalu5' las defined by Nalural England), with each sile quinquennially assessed against key conservation criteria including habrtat quality and k>opulalt)n numbers of key wikjlrfe groups On the East Devon Pebblebed Heaths, practical conservation work is gukled by a ten-year management plan approNed by Natural England. with wgitor managernenl guided by a visitor management pLqn. Achievements and Performance The principal actNIty ol the charitab Trust for the yearer 31 March D22 was the d8y lo day maintenan¢e. conseNation and improvèment of the Easl Devon Pebblebed Heaths Sita of Speci81 Scientific Interest Isssii and the River Otter Estuary SSSI. The work was conlraeled out to Iht. charitable company'5 wholty own8d 8ubsidiary, E8$1 Devon Heaths L8nd Management Company Limited, wlith rècaved partial funding from the NatTl England Higher Laval Environmental Scheme {HLSI. Works of particular note during the year included." Con$•Nation Managèmènt colo ical M na em nt Pl All work follows the prescriptbtins of the Ecolc3Kal Manag¥Thnl Plan. TfiY6 plan wll bè revi in 2022. The mqorty of this work is being funded by a Countryside Stewardship agrèement which started January 2017. running for ton years We wgre granted a lurther one*year HLS extens¥)n to the non SSSI areas ol Dakjilch Pbnt8lKJn and Mutters Ploor. A close opèrational partnership has been lOrrd to take a strategic aFproach lo rnanagement of the enli reserve wrth an advisory National Nature Reserve INNRI bo>ard also 3Stablished As part ol this work an overarching maste¥ plan will be created. A of w0$ho)S were held in auivmn 2021 10 inform this plan which 1$ dLtre to be finali$ed in 2022.
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Trustees Annual Report Ilncorporaling the Directors, Report for the Purposes of S415 Companies Act 2006) (conhnued) Year Ended 31 March 2022 In auturnn 2020 SSSI 8 Condition assessment was Carried oul by Natural England across the dry heath unrts with wel healhlmire assessed dunng summer 2021. The combined resutt5 from the assessment have not yet been made available. an ions As in previous years, our conservats.on work during the reporting perxl has focused on addre551ng outstanding issues lated to those areas not yel viewed as being in lavourable ccfjdition. Unfavourable slalus largely relates lo the signifi¢anl size ol even-aged heathland aThJ the presence ol loo much scrub. Scrub and tree managemenlduring the winter period largeled Hawkerland and East Budleigh commons. Daldilch and Mutters Moor. In total 1.53ha were targeted lor sciub and Iree removal This was a combination of s¢8ttered trees wrthin these a8$ and dense clumps of regeneration wrth birch and pine thg focus of the work. Follow up spot spraying of regeneration Ir¢m felling in the previous season. abng wilh spraying of seedling encroachment, aL80 look place Bracken management in the form of spraying l¢)Jk place on Cokon Rale•3h aThJ Dalditch commons. Ash trees have 8190 been removed where thege were deemed to cause a rM)lentk41 heatth and safoty risk in line wrth Clinton Devon E5tate'$ proaramme lo address ash di? back across it5 land holaings. As with pre¥uS years bare ground (pioneer habitat) was created across the heaths. The objecttve ol this work being to create a greater drfferenlialDn In heathland structure ol all successrnal Siages but also to tie into management for sl1vtUdded blue buttefflies with this specEs needin9 earty st4e successional habitat lo thrNe. Vegetsticffi management in the fom of ffwing 8rKI raking off of an5ings. and Cutting bxk by hand, was aL50 carried out on a number of known SIr-s1Udded blue colony locatiens lo ensure that the habitat remains in an appropriale condib'on to sustain this species. During spring 2022 swailing was uryjertaken after Iwo year5 01 not being able lo carry cArt this management due to the weather and change In working prtICe$ due to ¢wd 19. A lolal 0117 controlled bums were carried out covenng 5.58ha across Colalon Raleigh, Woodbury and Mutters Moor managernent units. Gr During summer 2021 Blon Cunmon was grazed 7 pon5 and 29 cattle1108hal. All fr graziThJ l(ws on Colalon Raleigh Common We grazed th 3 pDnEs in loop 1 and 28 Cows with 16 followers across the block 193hal. Hawkerfand common was grazed with 22 cattle and 9 ponE5175hal. Daldrtch Plantstion was grazed wilh 5 red devon cattle124hal. This is back up lo full capacty lor grating in terms of headage and hectarage. It was a challenging year for 9razing wrth the electric fence loop being tarnpered with by a member ol the public on a repealed basi5 creating additional work for the rangers. The catue on Daldrtch PlantatKsn were managed in partnershp vrilh Stantyw8y Farm and marketed a$'conservatn beef direct lo the public fof sale. The fld at Mount Pleasant adjacent lo Harferland Common was re-lenced in spring 2022 to enable us lo continue rt use as an area lo IK)Id stock which neèd to be removed from the heaths.
East Devon Pebblebed Heaths Cons(•rvation Trust Company Limited by Guarantee Trustees Annual Report Ilncorporating the Directors, Report for the Purposes of S415 Companies Ac 2006} (continued) Year Ended 31 March 2022 Ire Mana em Firebreaks have beèn maintained across Ihe Commons. No wli dfires ocI'.urred during 2021122. Due to the dry and hot conditions we operated urmler hvJh fire risk for extended pericd5 during the sumrner. A number of Membe of Ihe publ were spc&en to in relats'on to BBQS and Mping. alh nd CreatKJn A heathland creation area adjacent to Blackhill Quarry continues to under Jo reStoratn as part of t mrtgabon ka9e linked lo planning permission for part ol the quarry area to be rElained lor commerc1 use. Reserved oil from the quarry area along with arisings frcm scrapes on the SSSI w¢re spread on the area during wintei 2021 to further establish athland vegetatM. The first units wrthin Bk%khill Quarry whh underwent $tOrat)n fdknvirig mineral extraclK)n are due lo come back to the estate from Aggregate Industnes in 2022. These bbcks will bi) managed by the Conservation Trust going lorward and so will be included In the ievised management plan. Oir 8pproJch to l)oth habiiat and people mana9tnnl wilh the lormer quarry area is currently beino discussed an£ the legal prOsS to transfer the land to us has stsrte¢y. Theffj 8re on-going issues reLaled to low kv&ls of tr¥sp#iSS by p(JlK. Woodland CrealK)n During March 2021 and March 2022, a rnix of nalwe broadleaf trees weri.. planted in the small field (not part of the SSSII on Colalon Raleigh common. The initlal 250 were funded by a donation with a further 750 lunded Ihrough the PwATER initkative run by Weslcounlry Rivers Trust (WRT). The trees lunded by arè trialling new cardboard lubes. Inva ive on Dunng 2021 dearance aclwils ofb¥l$am anfj other invaswe spe¢ies havf,. been undertaken across Eslale land, often in partnershp wilh other groups ineluding the Otter Valley Associ81icTrn Himalayan balsam is generally not found the heaths but remains adjacent lo Ihern. There are several scattered populations ol CrocosmiA on East Budlew i and BKton Commons and 8 small kxoulatK)n ol threo-comered leek persists on the roadshle of HavA(erland, these are receiving annual tatMent. Lauwl has been Irealed on Woodbury and Colaton Fialeigh commons ancl Japanese kncthveed at locations 8Kton Common 8uddleia remains a problem on Easi Budleigh Common where hislorul diglurban¢e and $wnificanl inputs of lime ¢r&al&d id6al nditionS for its growth. There are scattered plants in other areas that are due lo be targeled for rerrthial. Rhcdodendron on Daldrtch Comrron. and twddlw BKt(Jn Common. have been idenlffjed for renKval by our volunteer team. The Countryside Sleward$hip ICSI agreement provthd funds for a prc4'eX to remove Woc#Jbury Castle hillfort Schedu ffKJnument off the Hentage ¥t Risk Regisler. The main work$ viere completed in 2017118 bul further management is ongoing. The bracken in the inlefiorwas spr8yed in summE.'r 2021 The sieps and erosK)n pr5 fr(Yn the resloralK>n projoct arg working well. The are some srnall ari¥as ol erosion from perslstent public aecess. however.. these are discrete areas rather than the widespread daniage that was seen before the project. Vdunleer sessions with tlevon County Council IDCCI Hislonc Environmènt tèam tackled Scrub in the interior and holty regeneration on the banks. Bare patches were spread with gras:.
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Trustees Annual Report (Incorporating the Directors, Report for the Purposes of S415 Companies Act 2006) (continued) Year Ended 31 March 2022 A management plan for the hilllort 15 currently bang created wrth Historic England Once agreed this will enable the mtsnumenl lo come off the al-risk register. Ecologlcal Monitoring A monitoring report covering the Last five years for SAC and SPA features has baen wwlied for South East Devon Habital Regulations Partnefship ISEDHRP) porting and is available. Dartlord warbl Since 2018 this sperv h•$ $leJity Inc3$8<1, wrth 2021 retuming a count of 173 lerrii0rio$ across the surveyed part ol the SSSI. The target for Dartford warblers is 123 lemlorEs across thè SSSI. This is currenlty being exceedad. Across the land managed by Pebbbed Plealhs Community Tnjst IPHCT) this wa5 176 up from 99 in 2020. This 9ive$ the highest total since before the cold winter of 2010111. The ringing study continues by members of the British Trust for Ornrthology IBTOI, though their surveys were limited due to covid 19 reStrll0n$. Full details of the rirKJing study are availablo in a separate report cov8rirvJ the fNg years lo date. Consistent survey coverage continues across the SSSI and surrounding suitable habrtal Number5 remain rdalNety $table on the SSSI. with 74 churring Ma recorded, wlh 58 recorded in total for land managed by PHCT Thè number iecorded for 2021 saw a slight reduction. This is in line with the picture elsewhere for this specie5 and is believed lo be due to the poor weather w)dilions during the spring Vdhih vnuhj have ¢04nuded with their arrival from rn1gratn This annual monrtonng PreSentS & sl9n1fant citizen stnCe and partnership prLyJramme. Southem On Cdaton Raleigh only 2 males were recorded. The Pebblebed Heaths overall exceed the lavourable condilion target which is that the total populalion must nolfall below 80 for four successive years. wr(h ev¥JenrE olbreedirvJ from all srtes Co¢aton Ral6vJh remains a cause of signthcanl concem. Adjuslmenls In management have b•en mad• to address the low numbers. Grazing pressure vras incfeased ovei the whole grazing loop, wilh ponies on site from earty In the spring alongside catue laler in the summer. The water flow from the reservoir pipe was also reinstated from April 2021. with a vafve to control the rale. Historulty the colony were 8ssacialed wrth a runnel fesutting from a in the pipe until il was mended in thè lale 1990s. It is suspected Ihal they then moved lo subtsplim81 habrtal The water from the reservoir that ran from the leak provided clgar water, possibty wrth a stable temperature, throughout ihe yeac. The impact of this rein51atemenl will be monrtored and flow manipulated as rgquired. liver Sdded blue butteffl Another poor year follwing a cool winler and a cold wel May, which dèlayed Ihe flwJhl pericJ ofmany butte1 and the flcwering ol Enca ciner8a by about two weeks. Management work was Carried out on existing eok)nie8 as detailed in Heathland Management Operations, bul this will tthe some years to provhde ideal pioneer vegetation
East Devon Pebblebed Heaths Consfirvation Trust Company Limited by Guara1tee Trustees Annual Report (Incorporating the Directors, Report for the Purposes of S415 Companies Acl 20061 (continued) Year Ended 31 March 2022 Bats Bats are monitored in the military buildings by the Devon Bal Group. Gieat and Lesser H¢Y5eshoe and Long eared are present. Monilonng stopped during the pandemi¢ ¢Jue to risk i)f cr05s species contaMinatn in lin¥ with Dev¢n Bal Group IDBGI polw. hers s ol inlerest Hen harrier. wtsre not recorded al the traditKJnal fOOSt ¥ite on Colon Ral,>igh during the wnler sea50n. Curlew.. None were recorded. Replile5' Not recorded this year. The Snakes in the Heather project run b'i Amphibian and Reptile Conservation IARCI was due to start monrtoring in spring 2020. This project will 9alty improve our understanding of PIlle5 on the heaths. However, the fieldwork w3$ delayed due lo covid 19. HaNest Mice. Surveys wilh De¥on Harvest Mouse prqed toc& place on IlaWKedand and Mutters Moor. Bees and wasp5'. No new specs were added. The total list femain5 at 135. Surw work was stopped due lo COVKI 19 but we anticipate Ihal it will restart in summer 2022. The site visil from the Bee Wasp and Ant Re¢¢rder Soclety has been postponed until June 2022. Visltor Management ma effle Visrtor m8n8gèmenl remains 8 key Challenge with the site already rece ving in excess of 400,000 viswear. Funding overseen by South East Devon Habilal RegublK)ns Partnershiii ISEDHRPI is available to IMpment the recommendations of the Visrtor Management Plan for the Pebblebefl Heaths that has been in place Since 2016. This document idenlrfies the risks lo the Heaths from increed ie¢reatK)nal PssUre over Ihe ccffiing decade and Hlenlrfie6. C05t6 and provides fur1n9 lo implomenl measure'.tr lo mitigate these. Daia suggested that during the pandem fcotfall increased by 65%. this made managing visrtors particularty challenging. with high levels sustained. During summer 2021 a ropgal Viiiilor survey funded by SEDHRP found that number ol visits had increased by an eslimaled 213°A since the or¥Jinal survey in 2015. This survey is desyned to monitor the effectiveness of the miligation measures that h<ve been implemented to dale and the report give5 insight into who visits the reserve and Ih¢ir und¢rslarKJirKJ ol .he sile. Full detwls are available in Ihe South East Devon Visrtor Survey 2020-2021. 15i(o ur The Increased w5rtor pr¢S$u on the heaths has hghlighted the im )ortan¢$ ef robust infrM51ru¢lure and appropriate signage lo man8ge public access, influence behaviours and protect the 511e. The car park relurbishmenl work which was consutted on in 2019 is rrfyw UndeaY wth work started al Joney's Cross, Four Firs, Stowford and Frying pan5. Planning has been submitted for phase 2 which covers the Warren. Woodbury Castle and Estuary Vlew. This Wofk is due lo be carrd out in sunNner 2022 wrth phase 3 to follow in nter 2022. New signwJe and tr8ils are being developed to encourage responsible a(¢ess to the heaths with this associated lo the work with the car parks. The new signage will be linked lo a v'èbpage lo provide further sources of infomat*)n. The new Snage will highlight the nthv status of the site as lin NNR.
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Trustees Annual Report {Incorporating Ihe Directors. Report for the Purposes of S415 Companies A¢t 2006) Icontinueo) Year Ended 31 March 2022 Some minor rerouting of Ihe East Devon Way betweeTI Blackhill Quarry and Four Firs car park has been agreed wth the Area ¢4 Outstanding Natural Beauty IAONBI way markers installed. Maintenance has been on4Ling olall vehde barrrs 8¢ross the SSSI. The usualongoing m¥inlenan¢e oflracks has 81s0 taken place. Tree salety management ha5 been carried out as required. Duelg ¢ovid 19 our education work was restricted for much ol the year and we did not host any ol the usual local prThary schools Srte VrtS with co195 were reduced Mth 25 students from Exeter College and 18 students from 8icton COle Countryside Management course hosted lor field vi5115. Publi¢ men A public launch lor Ihft NNR was held in May 2021. Tony Juniper and Marian Spain. chr ar CEO of Natural England, joined us for the day for a srte vis.rt wrth represenlalive5 from the partnership team A virtual launch event was held which was well attended Key messages were 8kn n¥nunk&ted wa so¢1 me<lia and a spec1 edition ol thg Estate's Countryside Matters magazine. As government regulatnS related to the pandern have relaxed organised events were able lo take place once again bul il was deGKled lo r¢ducg the s¢ale to rnana98 ongoing wvid risk and uncertainty. A range of events t¢x pace acro the heath$ arkj virtualty to mark Heath Week 2021. Our monthly guKled dog walk$ v*ilh Devon Loves LkKJS $tarted in Juty 2021 and a con$istenlty lully bc•)ked wilh a mix of regulars and new contacts al each wèlk. Although there is further demand lor these educatk)nal walks from this inportant user group staff capxrty centlY limits ¢)ur ability lo eypand this erygement opp(Ktunity. ds the mm As ol start April 2022 we had 800 email $ub$cribers to our emall list, lo whtyn we $•nd out qLtartety newsletters and (Ahfji updates. Our annual forum was hekl in N0mber 2021 at East Budkwh wlL4ge hall with 70 attendees. PsentationS focused on the NNR and LORP with guest $peakers from the ARC. MOD 8nd thè EA. Over the years we have developed a group of volunteefs with drffwent skills to help with management and nltoring of the heath5. The Friend5 of the Commons practical volunteer work parties now tneel every Wednesday with ca. 20 volunteers attending regularfy from a pool ol over 80. Work parties were Impacted by covKI 19 feslridk)ns but ¢owd secure sessions were held when able to do so lo cary oui tasks. Work parties ar? now back lo full capacity. Tasks undertaken during the reporting period have included. scrub clearance,. vegetation management in silver- studded blue srte5." scheduled monument managemeni." Iree planting, removal of old fencing. Ovor the year the practical team volunteered over 655 hours lor which we are very grateful. We recogni5e Ihal this is an under- estimate ol volunteer time and are k#)king to colbect more accurate dala in the luturo.
East Devon Pebblebed Heaths Consijrvation Trust Company Limited by Guarantee Trustees Annual Report (Incorporating ttr e Directors, Report for the Purposes of S415 Companies Act 2006) Icontinu8d) Year Ended 31 March 2022 We aspire lo grow our volunteering offer over the coming years as we hiwe Mlenlified opportunities particular for ywng people and families. Hth¥evèr, we are restricted by staff capacty. We were not successful in our bid for the HLF Green Recovery Challenge Fund that would have in part supported us lo increase our engagemenvgreen gym offer bul have been encourage by HLF to èppty lo their lyn fund. We will do this is 2022 with a project targeting this and other work supporting connecting Pilople with nature. eommunicatK)n5 We are investing lime inlo building our online presence. Th¢5 indudes reguL8dy posting on Facebook 11517 foller$I and Inslagram 1484 lollowefsl. We continue to add onlent and promote our websila Ipebblebedhealhs org.ukl and have built an allied LAun¢hing web.10 lor th& Pebbtebed Heaths NNR {pebbkbedheathsnnr.co.ukl will lir* to our main website. Friyn April 2021 to April 2022. ther& were 51 m&nlions of the East Dew)n Pebblebed Heaths. the Pebblebed Heaths conservats.on Tru51 or Woodbury Common in regbonal and natK>n¢il print. broad¢ast and online media. The stories covered include the declarath)n of the new Pebblebed Fealhs National Nalure Reserve. the reopen1ng of the grenade rangè. improvement works getting underwali at the EDPH car parks. the Heath letlerboxing trail and the return ol Hgalh Week. A stand¥k) lealure ab(1 the Heaths was also broadcasl on BBC Countryfile in January, during an episode abwl tha woth of Clinton l)evon E$tstes. cover has iluded BBC Ong Counlryfik. BBC spot1ht, ITV West)unty, BBC Radio Oevon, Weslgrn Morning New$, Devon Live. Exmoulh Journal, Sidmoulh Herald, Midweek H•rald 8nd tha InYourAJea websrte Tho artidgs and broadcasts achieved a combined estirnaled brcadcasl reach of7.9million. a combined estsmated print cov•r8ge ¢ir¢UL41K of 142.4k and combined online coverage views of 1.1nNllion. Research and knowledge exchang• Re earch Staff continue to work wrth Exeter Unfver5ty'8 V4lkyfwe L8b who gre sludying fire seventy nbadelling. In partnership with the Westcounlry Rivers Trust a ¢arb)n storage prqec". has beèn established wrth soil Cores taken from representatwe habrtats across the heaths. These are ¢urrenlly being anatysed Th¢5 work complements sustaina.11¢Y work related to Trust activities, including understanding our carbon foc4prinl. ndsh best clice There was a Uctn in the number of srt¢s vis5 lo ¢thw wservgs dut. to ongoing ¢¢)VKI poli¢w although a staff visit lo Wildfowl & Wetlands Trust's Iwwri Sle8rt reserve wa5 held lo learn from their managed reali9nment piqect. Most sitè visits hosted during the reporting period have focused or the Lower Otter with groups inclLidin9 those from wr, Devon Wildlife Trust ID1. Environmgnt Agen¢y IEAI and the National Trust INTI as well as many kral interest groups. Extornal Use External ev Some ofthe more sunrfK8nl extemal evènts usualty held annualty on the h.JAth$werg Cancelled due to contin covid 19 re81rictTrgn$, including the Commando ChaInge. However, many were able lo lake place and w8re well
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Trustees Annual Report (Incorporating the Directors, Report for Ihe Purposes of S415 Companies Act 20061 (continued) Year Ended 31 March 2022 atteThYed. fime is bejng invested into publKtsiThJ t fact that permissiori 15 required for all events ag th 13 Still a lack ol awareness from 5C>me org8nisers in rei4lion 10 5rnalr events A livè events ¢8ndar ig mainlained on the website thal shcvls extemal as well as our own events. or nised 8nd ¢ommerci lact Businesses and groups known lo be operaling on the heaths awe IenCe lo ensure that they operate in line wth our nserVation objeclwes. A signifKanl ongoing effort has been made to ensure all that require a licence are approached. Particular effort was invested lo engage with commerckql dcg walkers. This licencing scheme has been well receNed. We currentty have 30 businesses on trJ)ard. We liaise wlh Ihetll regularfy, although the usual annual forum was postponed Other businesses linked lo recreation are also Ienced, covering mountain bjking, horse riding. outdoor edUCatn, yoga and mindfulness We continue lo approach other groups such as running and walking clubs lo ensure they have the correcl permission for running organised a¢livitie$. MO All of the 750 recTUits that pass through Commando Training Centre Royal M8rines ICTCRMI Lymp51one each year aro given a K8Cture on the conseNaiKsn aThJ cultural SignnCe ol the Pebblebed Healhs SSSI by Conservation Tfust stalf prior to training. Visrting MOD units receN• a briefing from Defence Infrastructure Organisalion IDIOI. The firing range on cota1¢ Raleiah C¢)mmon ¢ame back into use in February 2022 aftef being inactlve for over five years. al Act Illegal aclwily has taken place throughout the reporting period on an irregular basis, wth occasiorkil motorbike encroachment and regular and generally )W levets ol fly-lipping. Ovemightsng in vans was more apparent during the year As part of the car park stralegy measures have been identified lo deler anli-social behaviour. These include lothable barriers, changin9 01 ¢ar park layouts and improving the vi$th)ility in lo parkirbg aoas as well as syns whi¢h clearly highlpht no camping etc. Otter Estuary Low r Otter Resloralion Pro ec After ten years in development work fin81ty began on the ddivery of the £15million Lower Otter Restcrfation PrDJe¢t ILORPI with inrtial work starting In autumn 2021. This is a partnership project bfjeen the Estsle, the Conservation Trust and the EA with the EA leadin9 on infrastru¢lure delivery. Financkgl support has come from Interreg IFfance£hannel-ENJland Progr8mmel. The inltial focus of work l$in¢• September 20211 ha$ bn veg•tati¢n ¢learance itKludiThJ of hedgerows and trees wrth this work being undertèn undei protected specE5 lieenses as necessary. All necessary vegelalv)n clearance lo enable the project lo proceed is now largely oomplele. As part of this work the nationally scarce galingale and divkled sedge have been Iranskncaled lo new safe sites as well as 4(KJ southern marsh orchKIs Additional work ha5 involved.. the building of the foundations for the new 30m road bridge associated with South Farrn Road". the $l¢xkpiling of material lor the Thew raised Swth Farni Road., the nstrUction ol two new ¢rickel prtches relocated out of the Otter floodplain., restructuring of Pulh8yes Fam including the provision Of a new bore hole, silage clamp and three phase ekctrK6.
East Devon Pebblebed Heaths Cons(!rvation Trust Company Limited by Guarantee Trustees Annual Report (Incorporating the Directors, Report for the Purposes of S415 Companies Ac.. 20061 Icontinu8d) Year Ended 31 March 2022 LORP is one of the coa61al climate adaplalDn siles that form the Proinoliro Ad8plalv)n lo Changing Coasts IPACCO) scheme. The other site is situated in the Saane Valley in Nom)ai)dy. The Consewation Tru$l is leading on Ihe socioeconomic evaluation ol the PACCO schemes. environmental monitoring and communic81ion. Work overseen by the Conservalti)n Trust in the reporting period has includÉ.d". rt)0n storage and 5equeslration baseline survey <th Manchester University)., baseline fish $uNeys, basi!Iine visitor survey and natural caprtal valuation assessment Iwilh APBMerl. The Conservation Trust has aLso supported and advised the EA on beaver management vthhin the srte. Thts s¢hem• has involved very $vJnrfi¢ant iripul from Con$grvalion Twsl over the lasl year. As part ol PACCO a significant number ol educational activities have been delivered in schools since Feb 2022 and on5rte on the Otter Estuary from March 2022. Over 987 sbjdents Irom 17 schools, colleges and youth groups have engaged with the topi¢ of climate ¢hange and learning about the bÉbnefits lo the environment. wldlife and people that the Lower Otter Reslofalion will bring. A¢knowl•dg•monts We would like lo acknowledge the $uppgrt of Ihe many organisalions and individuals who have helped us during the reporting perK)d. The Conservation Trust works with a broJ variety o'conseryation partners. These iTlUde Natural England, Historic England, the Environment Agency, the RSPB, the Devon Wildlife Trust. South East Devon Habitat ReguLilions Partnership. the East Devon Area of Ouisiarb(ling Nalural Beauty, local s¢hools and ¢crfnmunrty groups, including the Otter ValY A5s<xiation. The Royal Mar nes and the Dgvon and Som¢rsel Fire and Rescue Service are additional long-terrn partner5 who a5$1$1 wrth &.$enlial conservali¢n work. A team ol voluntrs has assisled the Conservation Tnjst annually lo undertake wi dlife surveys, archaeology monitoring and habitat management work. In porticuLqr, we would like to thank Doug and Joan Cullen, volunteer warJens on the Otter Estuary, and Le Kerry and Pete Gotham whose support and ad¥e on all aspects of heathland management and wildlif¢ 1$ invaluable. Peter 8ennel's ringing working has provided additional insight into some of our imp)rtanl birdlile. F5nanclal Review The charitable company raised £867,015 of income during the year12021'. £388,900). Income received during the year relating to reslricted funds was £591.121, ofwhi¢h £5T7.925 lo Lfftr Otter ResloratK)n Prqect. UnS"cted income received duri Ihe yegr was £275,894. of which £2?2,814 wa5 a Gift Aid receipt from the ¢hariiable Company's subsidiary. Details of resources axpended during the year can be found in note 6. The statement of financial 8Ctivrties sh¢)ws lolal nel surplus of £67,985 f()r Ihg year {2021.' £322.920). This net surplus includes a net gain on investments of £29,88712021.. £316.2071. The balanco sh801 shtrw$ totsl fund$ of £1,952.30212021.. £1.884.3171. Reserve5 The Trusteès and the officers r•$ponsbk for day-trday operations cont1rua1 monitor the level olfree reserves (unrestricted income funds including fixed asset investments which ar& h ald lo provide on-going income) ol the charrtable company, and ensure thal Ihey are sufticient lo meet Ihe ijayment Oblat)n5 of the charitab ¢(Jnpany as they fall du&.
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Tru51ees Annual Report Ilncorporating the Directors, Report for the Purposes of S415 Companies Act 20061 (continued) Year Ended 31 March 2022 At 31 March 2022, the tharitable cornpany had free reserves of£l.944,072 lunreslricled income funds per nol• 141. The Trustees have plans to use the$• funds in pursurt of the Charrtable company's obiects and are satisfied that they are sufficient lo meet its financial obligations. Planned works over the coming decade include th& delNery ol the ten-year Ecologul Management Pkn olthe East Devon Pebblebed Heaths. irKluding delwery ol a vehIe successK>n strategy. the implementalrt ol the Visitor Managwnenl Plan of ihe East Devon Pebblebed Healhs, and improving the extent and quality of the intertidal habitats and access facilities of Ihe Otter Estuary, including through thè delivery ol thè LvIr Otter Restorglion Project The Trustees have considered the appropriat& level ef free financial reserves lo be maintained by the charty to enable il lo meet its charitable obieclives. enhance the underlying heritage assets vthhin rts control and manag8 ¢onservatw)n and education projects as th¢y arise. In this respect, it is the policy ol the Trust lo reach a level of reseNes whth equiv3nI lo three lo five years ol oper8tional eMpendi¢ure. In arriving 81 this selVeS policy consideration was gwen to Iiquidty risk and the IVre uncertainty associated wrth govemment support, uncertainty asso¢i8led with the liming ol annual fundin9 payments arwj the levels of prqe¢t funding quired ah&ad ol Speci grant payn3. The Trust rrentlY operates th a level of reseNes le$$ than this target based on forecast data for the coming year5. The level ol free finan¢i81 reseNes will be reve 8nnu811y by the Tnjslees and the poll¢y updated to reflect any change in the target Sel. nve The invesimenls held by the eharity were acquired in accordance with the powefs granted lo the Trustges in the Settlement Deed and are managed on a discretionary basis by a firm of professional stockbroker5. The performance of inveslmenl$ L% reviewed by the Trustee8 on an annual basis. rinu l Risk rtai The Trustee5 identify and review from lime to lirne the n5ks to whth Ihe Trust is Material exposed and the Oction to be taken to mrtigate thern. Piesenlly, they a seen as. a lack of funds adequate to 8¢JPPDrt the Trust's acltvilies a lack of Publ support lo enable the planned restoration and educalK)n projects to 99 ahead In respect ofthe formèr. Trust raise as much money 8$ they are able and have in place Safeguards lo ensu they do not commié funds In excess of those available. In respect of the latter the Trust opeiates a proaetive policy of publ engagemgnl throu9h its websrte. media and consultation with communty groups when considenng new prqects and ensures that relevant and appropriate surveys and applications for permiSsn are received before a project is started One of the greatest challenges the Trust faces is securing income streams post Brèxil whh will require diversfying income streams so there is kss lianCe on agri•environmenl schemes. To address this, the Trust is Wofking on developing a Fund Raising Strale9y. in addrtion lo seeking to secure existing agri-enWnMenI $chÈm& opportunities whilst such sources ol income last. Publ supw is being specifically addressed thro¢Jgh constant updatin9 ol the websrte. the ¢atION of a Friends of the Commons grp (now wrth 400+ mernbersl 8nd delivering annual edUcatn and engagement progralnmes. io
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guaraiitee Truslees Annual Report Ilncorporating th,: Directors, Report for the Purposes of S415 Companies Act 20061 {conlinued) Year Ended 31 March 2022 Plans lor Future P•rlod$ The Tru$lees are ¢M)mrtt•d to buildiNJ on the achiovemenls of the year iii IUre periods. Structure. Govemance and Management East Devon Pebblebed Heaths Conservalitsn Trust was incorporated on 5 April 2005. as amended by special resolution on 4 January 2006, as a charitable company Iimrted by guaran'ee. reg151eTed in England and Wales. number 5413877. and go)verned under a Memorandum and Articles ol As4>ociation. It has the registered charity number 1109514. The Trustees confirm that the financial sl3lemenls comply with ¢urri>nl statutory requirements, wrth the requirements ol the ¢hari¢abte ccmpany's govemiTrJ document and the rxomn%ndalMs of the Ststemenl ol RecommerKled Pra¢ttt. The principal dresS of Ihe chantable company Rol Estate Office, E.t Artrna, East BudleKJh. Budleigh Salterton. Devon, EX9 7BL. Gov¥rnanc¢ The four subscribers lo the Memorandum and Artrles ol AsswAalion wÉ!re the Inrti Members and Tru51ee5 Further Membets are appointed at the diSCretn of the Tfustees and furttrer Trustees may be elecied at Annual General Meelings of the Members Further Trustees may also be Go-optE.d by the Trustees at any time. bul ¢o- opted Trustees hold office only until the nexi Annual General Meeting. l. minimum of 3 and a maximum of 10 Trustees a required. A nèwty apwntad Tnjstee will be asked to meet the Conservation Man,'yr and operalional staff of the Land Management Company and employees of Clinton Devon Estates finance and property departments responsible for the Conservation Trusfs admini51ralion. The Trustee will 3150 be gIn the lollowing UMents. Heaihs Managemgnl Plan, Hearth and Safety Prolctol and latest Annual Repcirt. The Trustee wll also be given a sumnary of the responsibilities att8ched to the position as defined by Th¢: Charf(ies CcffimissKJn and Company Law. The Members and Trustees meet at an Annual Gener Meeting. TW also meet pÈrtsJulty throughout the year as required to receNe and review rePts ¢)n management matters aid financial status. The day lo day cperalh)n of Ihe charitable Company 15 vrHlertaken by oltKets of Clinton Devon Eststes and anagernent Gharge is paid for this. The responsibilities ol the officers include property, financial and general administrative duties for the charitsbl• Company. The management ¢haige lor the year ¢nded 31 March 2022 is dtyclosed in note 15. li
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Trustees Annual Report {Incorporating the Directors. Report for the Purposes of S415 Companies Act 20061 (conlinued) Year Ended 31 March 2022 R•fèrenc• and Admlnlstratlve dètalls R•glstèr•d charlty nam Easl Dgvon P8bbl8W Heaths Consèrvation TNSI Charity number 1109514 Company reglstratlon number 5413877 Registered office Centenary House Peninsuk Pa Rydon Lane Exeter EX2 7XE Trustees The Rt Hon Lord Clinton Mr D J R Robinson Mr J Cvarty OBE TD Mr P J Gotham Mr A C J C¢)oper Mr M Wlliams MBE MrNGHManns Mrs C Walliker Mr P Nixon S8cr•tary Mr D J R Robinson Accountants Franc15 Clark LLP Chartered Accountants Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE Solicitors FSterS LLP 31 Hill Street London W1J 5LS 12
East Devon Pebblebed Heaths Consflrvation Trust Company Limited by Guara itee Trustees Annual Report {Incorporating the Directors, Report for the Purposes of S415 Companies Ad 2006) (continued) Year Ended 31 March 2022 R8sponslbilitl•s of the Trustees The Trustees (who are also the directors of East Devon Pebblebed Heathi Conservation Tnjst lof the purposes of company lawl are responsible for PParIng the Twslees Annual Repcrt linrpOratIng thè Directors, Repcrt lor the purposes of s415 Companies Act 20() and the financial statement$ In accordance wf(h applicable law and United Kingdom Accounting Standards (United 'ngdOM Generally A.xepled A¢counling PrxlKel. Company law requires Ihe charity Tru$l&es lo prapare financial slalemen"s for eaGh year whch give a true and fair view of the slate ol affairs of the charitab company and of the incoming resources and applicatK•n of resources, including th& intome and expendItu, of the charity f¢f th-rt peri(Kl. In preparing the finan¢kil statements, the Trustees are required lo.. select suitable accounting policies and then appty them cons18lentty', cbstrrve the melh¢)ds and principles in Ihe charitS SORP.. Make1gementS and estimates Ihal arg w$onable arnd prudent". Slate whether applicable UK accoLtnling standards have beei followed. 5ubj.ecl to any material departu$ dixlosed and expLained in Ihe financial statements,. prepare the financial slalements on Ihtr gtsing ¢oncern basis unlÉ.39 ft is inappropriate to presume that tho charitabk company will continue in business. The Tru51tre$ are responsible lor keeping proper accounting records that disclose wth reasoThab gccuracy at any lime the financial positic ol the charty and lo enable them lo ensurE.. that the financial Statements comp with the Companies Act 2006. Thgy are also responsible for safeguardin J the assels of the charily and hence tskin9 reasonable steps to¥ the pievenlion and deleGts"on of fraud and othfi WrUL7rliaS. Small Company Provisions This report has been prepared in ttan¢e wilh the speo.al provtyb)roJ ts all ¢ompanie¥ und¥r Part 15 of tho Companies Act 2006. Sgned on behaw of Trustees Jcva OBE TO Dale.. 21j612L 13
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Independent Examiners Report to the Members Year Ended 31 March 2022 I report lo the ¢h¥nty Tru$tee8 on my examinat) oflhe accwnls oflhe Cc¥npany for year ended 31 March 2022. Responsibilit5•5 and basis of report As the ch8rty's Trustees of the Company land also ils directors for the purposes of company lawl you ar? responsible lor the preparation ol the accounts in accordance with the requirement$ of the C(xnpanie5 Act 2006 I'the 2006 Act.). Having satisfied myself that the accounts ol the Company are not required lo be atwJrtei1 under Part 16 of the 2006 Act and are elVJlb for independent exarninalpJn, I report in respect ol my examination of your chartys accounts as carried out under se¢tion 145 of the Charities Act 2011 I'lhe 2011 A¢t'l. In carrying out my ex¥minatlon I have folkxe(I Ihe Di¢tn$ yiven by the Chanty cornmts5 undor sedNJn 145151 Ib) oflh8 2011 Independent examinerfs statement I have completed my examination Srnce the Company's gross in¢om& ex¢eedèd £250,000 your examiner musl be a member ol a body listed in 5.145 01 the 2006 Act. I confirm Ihal l am qualified to undertake the examination because l am a rrEmber of The Instilute of Chartered AOuntantS in ETrJland and Wales, which 1$ one of the listed bc¥Jies. I confim th81 no matters have Come to my attention in ¢onne¢tion with the examination giving me cause lo believe.. accounti re¢ords were not kept in re$poci ol the Ctsrnpany 8$ required by Sect)n 386 01 the 2006 Act". 2. the 8¢counls do n¢1 a¢eord with those records., or 3. the arLount$ do rt compty swlh the accounting requirements ol section 396 01 the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considèred as p•rt of an indep¢ndenl examinaton, or 4. the accounts have not been prepared in accordance with the methods and principles of the Ststernent ol Recommended Pradu ftsr accounting and portIng by Chare$ applicable to charities preparing their accounts in 8CCOTdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no cOnM$ and have come across no other matters in connection with Ihg examination towhth attenlKin should be drawn in this report in orderto enable a proper understanding of the accounts to be aChed. Stephanie Hen$haw FCA Francis Clark LLP Centenary House Peninsula Park Ryden Lane Exeter, EX2 7XE Date.. 1317/2L 14
East Devon Pebblebed Heaths Cons(!rvation Trust Company Limited by Guarantee Statement of Financial Activities (incorporating the income and expenditure account) Year Ended 31 March 2022 R¥$tri¢l•d Unrestri¢t9d Total Funds Total Funds Funds Funds 2022 2021 Not• Income: Donations and LegleS Income from Charitable Activrties Income from Investments Other Income 99,750 491,371 22'.>,279 '.1,732 4t),862 21 325.029 495,103 46.862 21 212,004 130,544 46,352 Totil In¢ome 591,121 27'.>.894 867.01 S 388,900 Expondiiur•'. Charitable Activities fj56,8 17..! 021 828,917 382,187 Total Expenditurè 656.896 17..> 021 828,917 382,187 Nel GainsllLos5esl on Investments 29.887 316,207 Net IncomellExpenditurel and Net Movement In Funds 165,7751 111.760 67.985 322.920 R¥¢oncillallon of Funds: Totsl Funds Brought Forward 13 74.006 1.811).312 1.884.317 1.561,397 Totsl Funds Carrl•d Forward 13 8,230 1,94.1,072 1,952.302 1,W.317 Th• not•$ on pages 17- 26 fomi of thts• finaiiclal statements 15
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Balance Sheet Company Registration Number.. 5413877 Year Ended 31 March 2022 2022 2021 Not• Fixod Ass•ts Tangible assets Inve5trnents 2,934 1,872,781 13.279 1,793.983 1.875,715 1.807.262 Current Assets stks Debtors Cash at bank 10 11 514,522 69,B62 130.687 105,577 236.264 Llabllities Creditors.. Amwnls falling due within one year 12 {607.7971 {159,209) Net Current Assets 76,S87 77,055 Nel Assets 1.952,302 1.884,317 The Funds of the Charfty.. unl1r1¢t8d Funds 13 1.944,072 1.810,312 Restrlcted Funds 13 8,230 74,005 Total Funds 1.952,302 1,884,317 For the financial year ending 31 Plarch 2022 the company was enlitkd lo exemption from 8udit under Sect)n 477 of Ihg Companies Act 2006 relating lo small ¢ompanies. The members have not required the company lo cA)tsin an audrt in 7Lcordance with SectJn 478 of the Compan5 Act 2006. The directors aCknOledge thr responsikn.lty lor ccynptying with the requirements ol the Act with fesrct to counting records and for the preparation of accounls These accounts have been prepared in dare wrth the provigiorts appIable lo C£mpan3 Sublt to the Small ¢¢mpany's fegime. The financial statements on pages 15 to 26 were 8PPToved by the Trustees on Iq . their behalf by'.- 2022 and $pJned on D J R Robinson Jcva YOBETD The not6s on pag•8 17- 26 fomi part of th•se financlol $tatements 16
East Devon Pebblebed Heaths Conll?ervation Trust Company Limited by Guarantee Notes to the Financial Staterr¥Jnls Year Ended 31 March 202;! 1} Gentral infomwtion East Devon Pebblebed Heaths Conservation Trust is a company limiled by guarantee and therefore has no share capital. Under the Memorandum ol Association. each member required. in the event ol a d¢ssolutK)n of the company while they are a member or wrthin 12 nionlhs afterwards. to contribute up lo £1 toward the companys liabilities and dissolution ¢08t5. The chaity wa5 inctyporated in EngLand and Wales and details of Ihe Wiste office Can be found in the reference and administrative sectlon of the Trustee5 report. The Chanty rreels the definit of a public benefil entity under FRS 102. The functional currency of E851 Devon Pebblebed Heaths conserallon Twsi is nSle[ed lo be pounds sterfing because it ts the currency of the primary economic environment in whlch the ¢hari18ble eompany operates. 21 Accounting pollcl•¥ la) Basls of a¢¢out)tlng The financial st8tements have been prepared in accordance with Accounting and Reporting by Chorrties.. Statement of Recommended Praeti¢e' applicable to thafities Faring their accounts in a¢¢ordance with the Charities SORP IFRS 1021 (effective 1 January 20191, the Fir.ancial Reporting Standard applrable in the UK and Republic ol Ire18nd IFRS 1021 IMar¢h 20181 and th ('.c#npanies A¢1 2006. A55elS and Itabilrties are inrtialty re¢ognised at hvJtorical cost or triirsa¢lion value unless othemse slated in th& r¢lev8nl a¢¢ounting policy nolelsl Ibl Golng coneern The financial stalemenly have been prepared on a going CeM )asis and the Tiustees are not ol any material ertaInlS ihal would cast doubl on the charTty's atility lo eontinue as a gtsng concern. The trustees have considered the impact of the current un¢grtain econ)mic environment and are satisfied that the ¢harily has SLfficienl unrestricted reserve8 to meet the charity.:.. obligation6 for the next 12 morths and therefore con5NJer that the going ncern assumption remains apiiropriale. Icl Consolidation In the opinion of the member5 of the commthe, the charity ar rt5 sub5Kliary undertakings comprise a small group. The charity is not requir to prgpartr group account$ under the SORP and has ¢hr)sen not to lake up the option under Sedn 398 of the Companw Act 20C6 to prepa 9roup a¢¢fxtnts The accounts present information about the charrtable company as an indNidual undertakirrfJ and rhjt about its group. Nolfj 9 provides adequate detsils relating lo the nalufe cf the trading subsidiary. Idl Ca$h flow statsm•nt The Trustees have taken advantage ol the eXeMptn in FRS 102 from including a cash flow statement in the financial slalemenls on the grounds Ihat the charrty is small. lel In¢omlng resour¢es All incoming resources are included in the Slalemenl of Financi81 A¢tNilKs when the charitsble C(npanY is enlitbd lo the Income and the anYJunt can be quantffied with re•nab 8ccJJrw. The follcrmng specrf polics a applied to particular categorie5 01 incorne". Grant income is recognised In the accounts when the quali¥in9 conditions the grant hove been satisfied and there is reasonable certainty that the fvnding will be ie¢eNed. Income from donations 15 ree¢gnised on receipt. Donations received for spe¢rfic purposes are identifd aq Testrthd fvnds inc(Mne. Olher gianls and donations gfe enIffied as Unlestred funds. 17
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Notes to the Financial StateffEnts (conlinuedl Year Ended 31 March 2022 21 Accountlng pollcles {contlnuedl In Resources expended Expènditure Is reccgnised on an accrnals basis as a Ikabilty is incurred. Expendrture includes any VAT whth cannoi be ful recovered, and is reported as part of the expendrture lo which rt relates.. Charitable expenditure comprises those costs incuired by the Charitab company in the delivery ol ils activities and services for ils benefLiaries. Governare c051s include those costs 8ssocialed with meetin9 the con51ilulional and 51alulory requirements ol the charitable company, including costs linked lo strategic management. Igl Investment Investments include the inveslmenl in the wholty owned subsbjiary eompany, East Devon Heaths Land Management Company Limrted, which 1$ slal8d al cost. Inv¢slm•nls also include stock market investments, whh are carried al fair value. Gains or Stssses on disp0581s and thanges in fair value are credrted or ¢harged in the Statement ol Financial Aciiwlies. DNwJends and interest Ceiv¥bIe are shown in the Statement of Financial Activities. All fixed assets are inrtolly Orded 81 C1. {hl Depr¢¢laiion Depreciabon LS calculated so as to write off the cost ol a fixed asset, less its estirnaled residual value, on a slraighl line basis over Iho estimatèd usgful 8¢onomi¢ lrfe ol that assel. al the lollowing rates. 8uildings Equipment 10.10 and 20Vo 200h to 500 {il Sto¢k$ Sk¢ks are valued 81 the lrywer of cost and net reali$3bbe value. after making due Jlowance for obsolete and slow moving items. IJ) Funds Unrestri(aed fvnds are available for Ltse at the discretion of the Trustfjgs in furtherance of the goneral objective5 of the charitable ¢>)mpany. ReStrted funds are sU"eCt lo reStrtionS en their expendf(ure imposed by the donor or through the lerms of an appe81. Ikl Flnanclal Ingtruments Financial assets and 1111t1eS are wni5edllderecognisedl when the chanty bec((cease8 to become) party lo the contfactual prowsions of th• rnslrumenL The charity hold$ the foltowing financial ossets and liabililies.. Equrty inveslmanls ar¢ measured at fair value with movements being recognised in incomg and expenditure. Short term debtors and creditor5 with no 51aled in18st rale and receivable or p8yablè wlhin one year are recorded at Iransactw)n price and carl thereafter at arThNtised cosl 18
East Devon Pebblebed Heaths Conservation Trust Company Limiled by Guarcintee Notes to the Financial Statements Ici)nlinued} Year Ended 31 March 2022 3) Donations and Legacies 2022 2021 Donations Gift aid receipts from subskliary 102,215 154.070 222.814 57.934 325.029 212,004 The income donatithis and *acies was £325.029 1202.1: £212,004) of whth £225,279 was unreslricled12021.. £60, 1291 and £99.750 re51ricled12021.. £151.8751. 41 Incorne from Charttable ActlvStles 2022 2021 Grants and ¢ontr3cis Pro$peclu5 book and le8flel 8al8s 495.103 130,544 495,103 130,544 Tho from charitab activrties was £495.103 {2021." £130.5441 of whh £3,732 was unre51ricted (2021 £nill antj £491.371 restricted {2021- £130,544) 51 Investment Income 2022 2021 UK Investments listed on a Tecognisèd Stock Ex¢hange C8$h hekl as part of the investment portfolio 46,862 46,352 46,862 46,352 All Investh)enl in¢om& receNed in 2022 and 2021 repfesents unrEislricted funds. 19
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Notes lo Ihe Financial Statements (continued) Year Ended 31 March 2022 61 R•sour¢os Exp8nd•d.' Charltsble Actlvltl•s RoStrl¢ted Unrestricted Total Funds Total Funds Funds Funrjs 2022 2021 Repairs and mainlenarK DepreGialion ol equipment publ inlerprelalion L<w4er Ottei ResloralvJn CoLtntrySHle learning Habilal rnib'galion works Woodbury cast Steps National Nature Reserve Insurance Bank ¢hargèS Other adminislrative expenses Legal and professional lees Governance cost5 ManaJemenl Accountancy & Independent examination 84.oc 3.024 26.314 15.423 6.367 84,000 3,024 26.314 617.999 18,367 3,888 7,321 31,111 276 1,724 11,2811 2,345 74.000 3.024 15.265 222,149 22.606 3,744 7.323 3,304 179 538 11.3761 602,576 12,000 3.888 7.321 31,111 276 1,724 11,2811 2,345 29,521 4,308 29,521 4,308 26.751 4.680 656,896 172,021 828,917 382,187 The expeThJrtU from chwitable pLtiviiies was £828,917 {2021." £382,187) of which £172.021 was unreslricled12021.. £133,667) and £656,896 reslricled12021". £248,520). 71 Staff Costs and Emolum•nts During the year. the CCAnpany salary. employers Nl and pension Conirlbutn costs lotalling £91,886 2021.. £63,778) for an EducatKJn offer and a Head. Wldlrfe and Consgrvalion aThJ PACCO project manager. These costs are funded through donatrons received by the charity. Th& Trust re¢eNed no remuneration or reimbvrsemenl ol expenses within the year. Key management of the chanty ¢S*ed lo be the Tntstees only. No Staff members were paid over £80.OQX). 20
East Devon Pebblebed Heaths ConTrervation Trust Company Limited by Guarantee Notes to the Financial Statements (cnntinued) Year Ended 31 March 202:) 8) Tangibl• fixed asseis Short l•."Isehold Improvements Equlpmgnt Total Cost Al 1 April 2021 Additions 58,6Cf 63,423 122,029 At 31 March 2022 58,606 83,423 122,029 Depreclation Al 1 April 2021 Charge for the year At 31 M•r¢h 2022 51.285 7.321 57,465 3.024 108.750 10.345 68.606 60,489 119,095 Net book valuo At 31 March 2022 2,934 2,934 Al 31 March 2021 7,321 5.958 13.279 91 Investments Investm•nt In Subsidlary 2022 2021 Cost at 1 Apnl 2021 and 31 March 2022 11JO Tho investment ¢omprises 1C4YA ol the o(dinary share capital lequtyl of East DevM Heaths Land ManaJerrEnl Company Limi(ed. a company incorporated in Engl¢ind and Wales. The registered office of this company is the same as the registered offe ol the Trust wliich can be found in Iha reference and administralNg sectn of the Truste85 repcrt. East Devon Heaths Land Management Company LimLted is coli1rted by the charitable C(¥anY to undertake the physK management of the East Dtrlon Pebb Heaths and Otter Estuary land. As 8131 MaTch 2022, Ea$1 Devon Heaths Land Management Company Liniled had assets of £713.191 12021. £554,323), liabil"e$ of £471.044 12021." £230.9821 and G'ipilal and serveS of £242,147 12021.. £323,241). 115 lotal turnover and other income for the year ende J 31 March 2022 was £454,305 12021.. £464.3391. expendilLire w83 £312,68512021.' £294,838) and its Firofr( for the year was £141,620 {2021'. £169,501). The profit forlhè year ended 31 March 2022 was stated before chai Jing company grft aid donalK)ns lot811ing £222.814 12021." £57,934) lo East Devon Pebblgbed Heaths Ctr arilable Trust, which were included in expendilure. 21
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Notes to the Financial Statements (conlinuedl Year Ended 31 March 2022 91 Investments {contlnuedl Stock Mork•t Portlollo 2022 2021 UK investments li51ed on a rec(gni8 strtk exchge.. 900,oc Sarasin Endowments Fund Class A 100,000 Sarasin Income 8nd ReseNes Fund Class A 39,400 Sarasin Gh)bal H(gher Div*Jend 213.(63 Sarasin Global DNidend 150,000 Sarasin Climate AclNe Endowments Active Class A 1,096,439 108,892 74,480 336,792 186.672 1.075,500 114.000 68,320 333,018 182,550 Cash ld a5 part of the inve51menl portfditi 69N06 20.495 Total investments al 31 March 2022 1,872.681 1.793.883 Reconvlwon Market value at 1 April 2021 1.793,883 1.429,842 Additmjns 91,276 Disposals Net gainllh)ss} on veStMentS 29,887 316,207 Increaselldecreasel in cash held as part of the investment portfolio 46,862 143.441) Investment managernenl Ifeesl I credjt 2,049 Market value al 31 March 2022 1.872,681 1,793,883 22
East Devon Pebblebed Heaths Con<;ervation Trust Company Limited by Guar,antee Notes to the Financial Statements (conlinuedl Year Ended 31 March 202:: 101 Stock 2022 2021 sIk of prospectus books 11) Debtors 2022 2021 Other debtors 514.$22 130.687 514,522 130,687 121 cr110$. Am¢)unls falling due wrthin year 2022 2021 Other di¢¢y$ Accruals 502,297 5,500 152.699 6.510 $07,797 159,209 23
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee Notes to the Financial Statements (continued) Year Ended 31 March 2022 131 Fund8 Transferl galns & At 31 Mar Ilossesl 2022 At 31 Alar 2021 Incomlng Outgolng resourc88 r8sour¢gS Restrlcted Income Funds: Habitat Miligation Grant Woodbury Castle Steps Grant Countryside LearnirvJ Lower Otter Restorath)n Project NatKrf)al Nature ReseNe 9,331 7,831 1,196 13,8881 17,3211 12,000 112.0001 577,926 1602.S761 131,1111 6,639 510 24,651 32,192 1,081 74,005 S91,121 (656,8961 8.230 Unrestricted Income Funds.. General Funds 1,810,312 275,894 1172,0211 29.887 1,944,072 1,810.312 27S,894 1172,0211 29.887 1,944,072 Total Funds 1.884,317 867.015 1828,9171 29.887 1.952.302 Transferl gains & {lossesl At 31 Mar 2020 In¢<>mlng Outgoing At 31 Mar 2021 Restricted Income Funds: Habilal Mitigation Grant wrdbry Ca5tk Steps Grant Countryside Learning Lower Otter Resloralion Project Nalk)nal Nature Reserve 9,331 15.1S4 3.744 13.744) 17.323) 12,000 112,0001 246.800 1222,1491 19.875 13,304) 9,331 7,831 24.651 32.192 15,621 40,106 282,419 1248,5201 74.005 Unrestricted Incomg Funds,. General Funds 1.521,291 1C6,481 1133.6871 316,207 1,810,312 1.521.291 1C6.481 1133.6671 316.207 1,810,312 Total Funds 1,561,397 386,900 1382,1871 316,207 1,884.317 24
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guart ntee Notes lo the Financial Ststements Ici)ntinuedl Year Ended 31 March 2022 FRS 102 require5 unrealised gains and losses lo be included in Nel Inc)mellExpenditurg} in thg Siaiemenl of Fin8na81 Activrties. This * induded wthin general funds and not in a seF.are valUation reseTVe. The Habrtat Mrtigation Grant fund has arisen from the requirements lor developers to milyate the impact of a development lo the environment. under s1C6 of the Town and Country Pi4nning kl 1990. This fund wll be utilised lo pn)VKle laulities lo dispose of dog waste in the Ictal area and walk leafiets. The wbry Ca$lle Steps Grant fund h88 arisgn due lo Historic Eng and offering lo finance $peerf caprtal pmvements lo the Scheduled Monument. CounlrysKle Learning fund has arlsen due lo The Emesl C¢oke Trust giving a £I0.000 grant specifully to contribute toward$ the salary of an Education offr. and other donati¢yiS. The dcThth)ro were Ity gwen by donor$ for thè Pufwses ol edu(31ion. The Lower River Ottèr restoration projeLt fund has arisen as donatDii$ have beeft reuived to finance the develop¥nenl of Lower Otter Estuary lo expk¢re h(M we ¢an prtrserve arid Ynprove the downstream part of the River Otter. r(s estuary. and rts immediate surroundings for future gener,Ilions in the face of a rapidly changing climate, The donations were treely given by donors for the purpos¢s ol sJslainably improwng the landscape. The National Nature Reserve fijnd has arisen a5 donation5 have been received lo finance the launch of the Nation81 Nature Reserve $18lus and promotion of its values. The donali()ns were freely given by donors for the rposes of promoting the conservatN ststus ofthe sit•. sufficnI liquid règources are held by Ihe ¢haritablè company lo all(M ,)a¢h fund lo b• ¥ppld in accordance with the conditions set by the donor. 25
East Devon Pebblebed Heaths Conservation Trust Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year Ended 31 March 2022
14) Analysis of Net Assets Between Funds
2022
| Tangible Investments fixed assets £ £ Restricted Income Funds 2,934 Unrestricted Income Funds 1,872,781 Total Funds 2,934 1,872,781 2021 Tangible Investments fixed assets £ £ Restricted Income Funds 13,279 Unrestricted Income Funds 1,793,983 Total Funds 13,279 1,793,983 |
Current Liabilities assets £ £ 491,375 (486,079) 93,009 (21,718) 584,384 (507,797) Current Liabilities assets £ £ 60,726 175,538 (159,209) 236,264 (159,209) |
Total £ 8,230 1,944,072 1,952,302 Total £ 74,005 1,810,312 1,884,317 |
|---|---|---|
15) Related Party Transactions
Four of the Trustees of the charitable company are members, Trustees or employees of Clinton Devon Estates. During the year, the charitable company was charged £39,685 (2021: £33,821) by Clinton Devon Estates for management services. At 31 March 2022, £nil (2021: £nil) was due to the charitable company from Clinton Devon Estates.
The charitable company has a wholly owned trading subsidiary, East Devon Heaths Land Management Company Limited. During the year, the charitable company was charged £84,000 (2021: £73,000) by East Devon Heaths Land Management Company Limited for land management services. The charitable company also received a loan from East Devon Heaths Land Management Company Limited of £350,000 during the year. There is no interest payable on the loan, and it is repayable on demand. At 31 March 2022, £500,000 (2021: £150,000) was due from the charitable company to East Devon Heaths Land Management Company Limited.
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