2020-12-31-accounts - The Game And Wildlife Conservation Trust

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		Company number 5579632	Company number 5579632
	Registered charity number 1112023
	Scottish Charity Number SCO38868
		C~TKNYS
~pa	e
l.		Legal and Administrative	Details
2. -	6.	Trustees' Report incorporating		a Strategic Report
7. -	9.	Report ofthe Auditors
10.		Statement of Financial	Activities
11.		Income and Expenditure	Account
		and Statement ofTotal	Recognised Gains and Losses
12,-13.		Balance Sheets
14.		Cash Flow Statement
15. -	34.	Notes to the Accounts

		General	Designated	Restricted	Endowed	Total	Total
	Note	Fund	Funds	Funds	Funds	2020	2019
lacome and endowments from:
Donations and legacies	2
Members subscriptions		1,332,661				1,332,661	1,294,025
Donations and legacies		1,372,623		845,432		2,218,055	1,842,656
		2,705,284		845,432		3,550,716	3,136,681
Charitable activities				2,277,295		2,277,295	2,049,168
Other trading activities
Fundraising events	4a	1,324,000				1,324,000	3,225,082
Advisory Service		145,628				145,628	190,836
Trading income		200,239				200,239	158,111
Investment income	5	3,644		58,464		62, 108	115,721
Other		85,867		82,790		168,657	209,204
Total		4,464,662		3,263,981		7,728,643	9,084,803
Expenditure on:
Raising funds Fundraising events	4a	391,559				391,559	1,457,737
Membership and marketing Other fundraising costs	6	604,671 995,157				604,671 995,157	634,562 1,228,297
		1,991,387				1,991,387	3,320,596
Charitable activities
Research and conservation
Lowlands	7	884,179		681,132		I 565 311	2,101,686
Uplands Demonstration	7 7	269,323 219,910		378,267 1,115,071	4,150	647,590 1,339,131	536,601 1,297, 171
Fisheries	7	76,042		523,230		599,272	816,258
		1,449,454		2,697,700	4,150	4,151,304	4,751,716
Public education	7	797,330		183,743		981,073	1,092,299
		2,246,784		2,881,443	4,150	5,132,377	5,844,015
Total		4,238,171		' 2,881,443	4,150	7,123,764	9,164,611
income/(expenditure) before investment gains		226,491		382,538	(4,150)	604,879	(79,808)
Net gains / (losses) on investments; Realised Unrealised	12	(12,081) 87,406			(58,259) 138,815	(70,340) 226,221	47,141 202,500
Net income /(expenditure)		301,816	-	382,538	76,406	760,760	169,833
Transfers between funds		3,447	(3,447)
Net movement in funds		305,263	(3,447)	382,538	76,406	760,760	169,833
Reconciliation offunds: Total funds brought forward		3,187,305	11,492	800,552	4,805,950	8,805,299	8,635,466
Total funds carried forward		f3,492,568	68,045	f1,183,090	f4,882,356	f9,566,059	f8,805,299

THK GAME AND	THK GAME AND	DLIFK CONSERVATION	TRUST
CONSOLIDATED INCOME AND EXPENDITURE			ACCOIJNT
FOR THK YEAR K DED31 DECEMBER 2020
	Note		2020	2019
TURNOVER			2,277,295	2,049, 168
OTHER OPERATING INCOME			5,389,240	6,919,914
			7,666,535	8,969,082
EXPENDITURE
Operating charges Depreciation oftangible fixed assets			6,883,757 240,007	8,924,361 244,290
			7,123,764	9,168,651
OPERATING PROFIT/ (LOSS)			542,771	(199,569)
OTHKRINCOMK
interest receivable and similar income	5		62,108	115,721
Interest payable and similar charges Profit/(loss) on disposal offixed assets Realised gains/(losses) on investments			(70,340)	4,040 47,141
			(8432)	166,902
(DEFICIT) / SURPLIJS FOR THE YEAR ON ORDINARY ACTIVITIES			534,539	(32,667)
BORNE FROM/(RETAINED IN) DESIGNATED, RESTRICTED AND ENDOWMENT		FUNDS	(320,129)	57,333
GENERAL FUND RETAINED SURPLUS/(DEFICIT)		FOR THE YEAR	f214,410
CONTINUING OPERATIONS

		0			MBER20 0
				2020		2019
Fixed Assets:
Taogible assets			12a		3,615,810	3,658,675
Investments			13		3,078,851	2,931,480
					6,694,661	6,590,155
Current assets:
Stock			14	376,596		424,001
Debtors			15	1,337,808		2,057,030
Cash at bank and in		hand		2,748,753		1,177,934
				4,463,157		3,658,965
Llabllltiest
Creditors: Amounts		falling
due within one year			16	1,023,967		843,497
Net current assets					3,439,190	2,815,468
Total assets less current	liabilities			10,133,851		9,405,623
Creditors: Amounts		falling
due aller more than		one year	17		567,792	600,324
Total net assets				69,566,059		68,805,299
The funds ofthe charity:
Endowment Funds			18		4,882,356	4,805,950
Restricted income	funds		19		1,183,090	800,552
Unrestricted Funds:
Designated fimds			20	8,045		11,492
Fair value reserve			21	218,647		210,978
General fund				3,241,602		2840,558
Non-charitable	trading fund		4	32,319		35,769
					3,500,613	3,198,797
Total charity funds				f9,566,059		f8,805,299

		N~oe	2020	2019
Cash flows from operating activities:
Net cash provided by (used in) operating activities		23a	1,711,219	(476,353)
Cash flows from investing activities:
Dividends, interest snd rents from investments			62,108	115,721
Proceeds from sale ofproperty, plant and Purchase ofproperty, plant and equipment Proceeds from sale of investments	equipment		19,622 (207,494) 1,095,449	5,037 (161,524) 1,365,979
Putrchase ofinvestments			(1,393,939)	(480,624)
Net cash provided by (used in) investing	activities		(424,254)	844,589
Cash flows from tinancing activitlesr Repayments ofborrowing Cash inflow fmm new borrowing Life membership subscriptions received			(44,972) 21,826	(37,499) 130,000 4,561
Net cash provided by (used in) financin	activities		(23,146)	97,062
Chaage in cash and cash equivalents in the reporting period			1,263,819	465,298
Cash and cash equivalents at the beginniag ofthe reportiag period			1,696,621	1,231,323
Cash and cash equivalents at tire end ofthe reporting period		23b	f2,960,440	IL696,621

			Unrestricted	Restricted	Endowment	Total	Total
			Funds	Funds	Funds	2020	2019
Members'	subscriptions		1,332,661			1,332,661	1,294,025
Donations			900,025	302,074		1,202,099	730,869
Grants from		other charities	424,298	543,358		967,656	1,051,295
Sponsorship Legacies			26,300 22,000			26,300 22,000	37,575 22,917
			1,372,623	845,432		2,218,055	1,842,656
			j2,705,284	f845,432		f3,550,716	f3,136,681
PREVJOUS		YEAR AivALYSLS
			Unrestricted	Restricted	Endownieni	Total
			Funds	Funds	Frmds	2019
Menrbers'ssbscrrprions			1,294,025			7,294,025
Donations			406,322	324,547		730,869
GranrsPont		other charities	246,555	804,740		1,057,295
Sponsorship Legacies			37,575 22,917			37,575 22917
			713,369	7,129,287		1,842,656
			f2,007,394	fi,i29,287		f3,136,687

CHARITABLE ACTIVITIES
		Unrestricted	Restricted	Total	Total
		Funds	Funds	2020	2019
Research contracts Research grants from UK Government Research grants from other bodies Farm income Lectures and tours	and EU		114,560 1,070,877 415,582 664,331 11,945	114,560 I 070 877 415,582 664,331 11,945	93252 896,504 439,227 587,419 32,766
		f;	f2,277,295	f2,277,295	f2,049,168

PREVIOUS YEttR A	NAL YSIS
			Unrestricted	Restricted	Total
			Funds	Ft(nds	2019
Research contracts				93,252	93,252
Reseorch grants from	UE Governnienl	and EU		896,504	896;504
Resem'ch grantspont Faritt income	other bodies			439,227 587,419	439,227 587,419
Leclttt'es attd loiter				32,766	32,766
				f2,049,168	f2,049,168

FUNDRAISING EVENTS	FUNDRAISING EVENTS	FUNDRAISING EVENTS					Net	Net
					Gross	Direct	Contribution	Contribution
					Income	~Ex enditure	2020	2019
Carried out by subsidiary		companies				151,587	(151,587)	134,969
Carried out by The Game and Wildlife Conservation London events Scottish events GCUSA County Group events					Trust: 126,994 183,712 113,306 899,988	27,567 33,674 22,343 156,388	99,427 150,038 90,963 743,600	227,388 140,318 219,265 1,045,405
					f1,324,000	f391,559	f932,441	f1,767,345
PREVIOUS YEARAiVALYSIS							ivet
					Gross	Direct	Conlribullon
					Income	~ndi tur e	2019
Cmr led out by snbsldtary	contpanles				869,596	734,627	134,969
Carried out by The Genre London events	and tytldlffe		Conservation	Tatslt 329,740		102352	227388
Scottish events GCUSA					239,721 269,539	99,403 50,274	140,318 219,26'5
Cotmty Group events					1,516,486	471,081	1,045,405
					f3225082	f1,457, 737	f1,767345

				Game and	Wildlife
				Conservation			GWCT	Total		Total
				di	c		Events Ltd	2020		2~19
Turnover					434,794			434,794	1,261,897
Cost ofsales					(173,626)			(173,626)		(650,012)
Gross profit					261,168			261,168		611,885
Administrative		expenses			(290,440)			(290,440)		(394,573)
Other operating		income			39,163			39,163		60,965
Operating	profit / (loss)				9,891			9,891		278,277
Interest payable		to The Game and Wildlife
Conseivation Trust					(9,000)			(9,000)		(9,000)
Profit on	ordinary activities before taxation				891			891		269,277
Payment	under	gitt aid to
The	Game	and Wildlife Conservation	Trust		(4,341)			(4,341)		(273,064)
Retained	profit	/ (loss) for the year			(3,450)			(3,450)		(3,787)
Retained	profit	brought forward			37,854		(2,085)	35,769		39,556
Retained	profit	carried forward		f	34,404	f.	(2,085) f	32,319	f.	35,769

and the Allerton Research and Educational Trust as well as the Wildlife Conservation Trading Limited and G.W.C.T.Events Game and Wildlife Scottish Demonstration Farm.	and the Allerton Research and Educational Trust as well as the Wildlife Conservation Trading Limited and G.W.C.T.Events Game and Wildlife Scottish Demonstration Farm.	and the Allerton Research and Educational Trust as well as the Wildlife Conservation Trading Limited and G.W.C.T.Events Game and Wildlife Scottish Demonstration Farm.	charity's wholly owned su Limited and the connected	bsidiaries Game charity	and
A summary ofthe financial activities undertaken by the Game Conservancy Trust and the Allerton Research and Educational			and Wildlife Conservation Trust are set out below:	Trust, the Game Total	Total
				2020	2019
Gross income				6,945,211	7,868,796
Total expenditure				6,401,498	8,004,570
NKT INCOME / (EXPENDITURE)				543,713	(135,774)
Realised gains/(losses) on investments Unrealised gains / (losses) on investments				(70,340) 226,221	47,141 202,500
NET MOVEMENT IN FUNDS				699,594	113,867
Total funds brought forward				8,775,610	8,661,743
BALANCES AT 31 DECEMBER 2020				f9,475,204	88,775,610
Represented by:
The Game and Wildlife Conservation Restricted income funds Umestricted income funds	Trust			842,303 3,468,294	555,214 3,163,028
				4310597	3718 242
Tire Game Conservancy Trust
Endowment Funds
Allerton Research and Educational Endowment Funds Restricted income funds	Trust			4,882,356 282,251	4,805,950 251,418
				5,164,607	5,057,368
TOTAL FUNDS				f9475 204	Ig 775 610
5. INVKSTMKNT INCOME				2020	2019
Dividends &om listed investments Dividends from charitable common investment Estate income		funds		3,644 39,649 18,815	7,170 73,325 35,226
				f62 108	f115721

OTHER FUNDRAISING COSTS
	Direct	Support	Governance	Total
	Costs	Costs	Costs	2020	201
Fundraising department Regional fundraising and initiatives Advisory Service costs Shop purchases and expenses	233,880 344,369 149,433 103,545	42,331 62,330 27,047 18,741	3 793 5,585 2,424 I 679	280 004 412,284 178,904 123965	337,571 584,951 223,824 81,951
	f831,227	f150,449	f13,481	f995,157	f.1,228,297
COMPARA TIVE FEAR ANAL YSIS
	Direct Costs	Support Costs	Governance Cosls	Total 2019
Fundralsmg deparnuent Reg tonal fiwdraismg and initiatives Advisory Service costs Shop pttrchases ond expenses	288,421 499,783 191,236 70,019	44,605 77,293 29,575 10,829	4,545 7,875 3,013 1,103	337,57J 584,951 223,824 81,951
	61,049,459	LI62,302	116,536	I'1,228,297

7.	CHARITABLE A	CTIVITIES
a.	Costs ofCltaritable	Activities	Direct Costs	Support Costs	Governance Costs	Total 2020	Total 2019
	Research: Lowlands Uplands Demonstration Fisheries	Farms	1,308,290 540,913 I 119221 500,555	235,883 97,904 201,824 90,598	21,138 8,773 18086 8,119	1,565,311 647,590 1,339,131 599,272	2,101,686 536,601 1,297,171 816,258
	Public education		3,468,979 819,462	626209 148,320	56 116 13,291	4,151,304 981,073	4,751,716 1,092,299
			FA,288,441	f774,529	f69,407	95,132,377	f5,844,015
	PREViOUS YEARANALFSIS		Direct Costs	Support Costs	Governance Costs	Total 2019
	Research: Lotrlands Uplands Dentonstration Fisheries	Farms	I,795,683 458,472 I,108,909 697,411	277,710 70,905 170,855 107,858	28,293 7,224 17,407 J0,989	2,101 686 536,601 1,297, 171 816258
			4,060,475	627,328	63,913	4,751,716
	Public education		934,076	143,593	14,630	1,092 299
			C4,994,55I	6770,921	678543	L5,844,015

			2020	2019
Management			335,436	385,120
Finance			227,378	235,309
Information		technology	285,214	255,259
Human	resources		151,577	118,211
Central	oAice expenses		107,867	170,366
			f.l,107,472	f1,164,265

These costs have been allocated to the Trust's charitable	These costs have been allocated to the Trust's charitable	activities, fundraising	and governance on
the basis ofthe usage ofthese resources by the various		activities, as follows:
Charitable	activities (Note 7)		774,529	770,921
Fundraising			280,056	337,635
Governance	(Note 8)		52,887	55,709
			f,1,107,472	f.1,164,265

GOVERNANCE COSTS
		2~02	2019
Staff and office costs Audit fees Accountancy Trustees' expenses Professional fees		53,494 22,400 11,300 1,330 2,556	55,709 21,900 10,500 4,324 13,368
		f91,080	f105,801
STAFF COSTS
		2020	2~01
Wages and salaries Social security costs Pension costs Less Coronavirus Job Retention	Scheme grant	3,562,495 347,379 313,775 (388,610)	3,905,021 383,802 325,164
		f3,835,039	f4,613,987

page 1.The total employee benefits ( personnel ofthe Trust were f874,305	gross pay, employ (2019:8839,320	er Ni and pension) ofthe key management ).	er Ni and pension) ofthe key management ).
The average monthly head count was	128staff (2019;	132staffl and the average monthly number of full-time
equivalent employees during the year	were as follows:	2020	2	19
The number of employees was: Research and conservation Education		58 16 3		58 17 3
Farm Membership and records Regional activities and fundraising Administration and support		6 16 18		7 16 18
		117		119
The following numbers ofemployees	had emolumeats	ofover f60,000:

llowing num	ber	s o	fempl	oyees had emolumeats
Emoluments	in	the	range	f120,000 -f130,000
Emoluments	in	the	range	f110,000-f120,000
Emoluments	in	the	range	f90,000 -f100,000
Emoluments	in	the	range	f80,000-f90,000
Emoluments	in	the	range	f70,000-f80,000
Emoluments	in	the	range	f60,000-f70,000

10.	TRANSACTIONS WITH TRUSTEES	TRANSACTIONS WITH TRUSTEES			2020	201
	Trustees' remuneration -for	acting as trustees
	-for dldd ''g	other services 3 3 3	di«	3	3. 33	f3,978

11. NKT INCOME / (EXPENDI	T	OR	THK YEAR
This is stated after charging:						202	201
Depreciation						f240,007	f244,290
Auditor's remuneration Audit fees Accountancy and other Interest payable	advice					f22,400 f11,300 f10,790	f21,900 f10,500 f8,732
12a.TANGIBLE FIXEDASSETS
GROUP				Equipment
			I'reehoId		Fixtures
			Land and		and	Motor
			~Buildin s	~Fittin s		Vehicles	Totals
COST OR VALUATION At I January 2020 Additions Disposats			3,724, 131 86,051		2,119,584 121,443 (5,858)	493,224 (53,633)	6,336,939 207,494 (59,491)
At 31December 2020			3,810,182		?„235,169	439,591	6,484,942
DEPRECIATION At I January 2020 Charge for the year Disposals			655,378 45,081		1,621,210 156,509 (2,891)	401,676 38,417 (46,248)	2,678,264 240,007 (49,139)
At 31 December 2020			700,459		1,774,828	393,845	2 869 132
NET BOOK VALUE At 31 December 2020			f3,109,723		f460,341	f45,746	f3,615,810
At 31 December 2019			f3,068,753		f498,374	f91,548	f3,658,675
The cost or valuation offreehold land		and buildings is made		up	as follows:	202	2 19
ARET land and buildings as valued Fordingbridge land and buildings as Subsequent additions, at cost			at acquisition in 1992 revalued in 1994			1,849,152 400,000 1,561,030	1,849,152 400,000 1,474,979
						f3,810,182	f3,724, 131

COMPANY					Equipment
				Freehold	Fixtures
				Land and	and	Motor
				~Buitdtn s	~FIttin s	Vehicles	Totals
COST OR VALUATION
At I January 2020				1,219,225	1,244,040	404,378	2,867,643
Additions					104,616		104,616
Disposals					(3,583)	(47,333)	(50,916)
At 31 December 2020				1,219,225	1,345,073	357,045	2,921,343
DEPRECIATION
At I January 2020				146,199	1,033,021	331,243	1,510,463
Charge for the year				8,201	88,561	30,739	127,501
Disposals					(1,181)	(43,229)	(44,410)
At 31 December 2020				154,400	1,120,401	318,753	1,593,554
NET BOOK VALUE
At 31 December 2020				f1,064,825	f224,672	f38,292	f1,327,789
At 31 December 2019				f1,073,026	f211,019	f73,135	f.1,357,180
The cost or valuation offreehold		land	and buildings	is made up as grllows:
						2020	2019
Fordingbridge land and buildings			as revalued	in 1994		400,000	400,000
Subsequent additions,	at cost or		valuation			819,225	819,225
						f1,219,225	f819,225

.INVESTMENTS						The Grou	The Grou
				The Com		an
					Unrestricted		Spendable
			Unrestricted &Restricted				Endowment
				Funds		Fund	Funds		Total
Market value; Atl January 2020 Additions Disposals Revaluation (Decrease) / increase in cash				85,639 27,749 (3,150) 7,669		518,570 151,457 (189,158) 79,737 4,584	2,327,271 1,214,733 (973,481) 138,815 (311,584)	2,931,480 1,393,939 (1,165,789) 226,221 (307,000)
At 3 I December 2020			fl 17,907			f565,190	f2,395,754	f3,078,851
Cost at 31December 2020			f107,639			f522,576	f1,858, 136	f2,488,351
Cost at 31December 2019				f80,100		f563,939	f1,694,987	f2,339,026
The market values were made up	as follows:						2020		2019
UK Listed Investments Overseas Listed Investments Charitable Common Investment Other Investments Cash on Deposit		Funds					1,796,786 543,341 302,085 224,952 211,687		1,276,567 316,801 720,223 99,202 518,687
							f3 078 851		f2 931480
Holdings whose market values are more than 5%ofthe total portfolio are:							2020		2019
314,000 (2019:785,000) 112,800	Cazenove Equity Income HMEC FTSE All-World		Trust Index	for Charities			141,144 211,633		422,409
14.STOCKS				The	Grou		The Com		an
				2020		201	2020		2019
Goods for resale				26,843		18,110
Farm Stocks Growing crops Stock in store Crops in store Livestock Feedstuffs Other				31,237 25,803 51,563 211,434 15,425 14,291		47,178 7,622 137,770 168,690 24,150 20,481
				f376,596		f424,001	f.-

DEBTORS
	The	Grou	The Com	an
	2020	2019	2020		2 19
Trade debtors	199,756	290,005	53,578		82,340
Income tax recoverable	36,934	12,939	36,934		12,939
VAT recoverable	19,718	12,787
Other debtors	807,931	1,236,542	629,572	I	018605
Amount due from GC USA	111,816	278,156	111,816		278,156
Amount due from other group entities Prepayments	161,653	226,601	185,583 150,298		584,292 170,453
	f1,337,808	f2,057,030	81,167,781	f2,	146,785

CREDITORS: Amounts falling due withi	n one year
	The Grou		The Com	an
	2020	~201	2020	2019
Trade creditors Life membership subscriptions VAT payable Income tsx and national insurance	161,744 12,267 50,275 343,889	345,403 19,330 48,768 153,877	94,399 12,267 14,659 343,8E9	237,645 19,330 21,775 154,195
Amount due to other group entities Hire purchase Accruals Deferred income	23,930 319,005 94,198	28,988 131,548 98,683	19,042 268,325 21,450	18,109 71,989 10,747
Mortgage	18,659	16,900
	f1,023,967	f843,497	f774,031	f533,790
CREDITORS: Amounts falling due after more than one year The Grou			The Com	an
	~220	~201	2( 20	2019
Mortgage (see also Note 23a)	209,633	227,376
Other loans
-secured (see also Note 24b) Hire purchase Life membership subscriptions Deferred income	204,564 41,692 82,692 29,211	204,564 65,622 7E,651 24,111	30,315 82,692	49,357 78,651
	f567,792	8600,324	8113,007	8128,008
The amounts falling due after more than five years were as follows: Life membership subscriptions 41,050 Mortgage 134,270		37,792 156,769	41,050	37,792
	f175,320	8194,561	f41,050	837,792

grants and donations held on trusts	to	be	applied for	specific purpose	s:
			Balance			Gains and	Balance
		01.01.20				transfers	31.12.20
The Game aud Wildlife Conservation			Trust
Grants and donations
Lowlands research			2,314	944,511	(681,132)		265,693
Uplands research Fisheries			32,000 94,000	361,287 604,015	(378,267) (523,230)		15,020 174,785
Education			410,506	143,648	(183,743)		370,411
			538,820	2,053,461	(1,766,372)		825,909
Other funds			16,394				16,394
			555,214	2,053,461	(1,766,372)		842,303
Allerton Research and Educational ARET research and farm		Trust 251,418		872,158	(841,325)		282,251
Game and Wildlife Scottish Demonstration Farm GWSDF research and farm (6,080)				338,362	(273,746)		58,536
		f800 552		f3 263 981	(L2 881 443)		f1,183,090
PREVIOUS YEAR ANALYSIS
			Balance			Galas mid	Balance
			01.0/.19	/ucouie			3/. /2. /9
Tlte Game aud IF/Id/lfe Couservadon	Trna/
Lett/unde research			/47, 464	724,42 7	(869,577)		2,3/4
Up/oude research Fisheries Edueottou			20,000 6i3,458	385,736 712,357 296,956	(373,736) (6/8, 357) (5/7, /8/)	17,273	32,000 94,000 4/0,506
			780,922	2,1/9,476	/2,378,85/)	I7,273	538,820
Other fttudt			21,970	25	(5,6'01)		16,394
			802,892	2,//9, 501	(2,384,452)	/7,273	555,214
Aller/art Rereardt and Etlucatloaal ARE/' research oudfane	Trust		161,562	9/6,498	(826,642)		251,418
Game and Bvldtlfe Scottish Deniouslratloit			Farui
GlVSDFrmesr eh aud for it&			(85,833)	336,711	(257,958)	I,000	(6,080)
			6878,621	63,372,710	(63,469,052)	618273	6800552

The inco	me funds includ	e the follo	wing designated funds	which have been s	et a	side out ofunrestricte	d uns:
			Balance	Movement	in	Funds	Balance
			01.01.20	Income		Transfer	31.12.20
Legacy Property	Fund Refurbishment	Fund	8,045 3,447			(3,447)	8,045
			f11,492				f8,045

The remaining balance has been tr	ansferred back to the	General Fund.
PREVIOIIS YEARANALYSIS	Balance 01.01.2019	Moventenl	In Funds ~ech	Balance 3I/I2/2019
Legacy Fund Property Refurhlshment Fund	8,045 3,447			8,045 3,447
	fl 1,492			II1,492
FAIR VALUE RESERVE	Balance	Movement	in Funds	Balance
			Amounts
	01.01.20	Revaluation	now realised	31,12.20
Property fair value reserve Unrealised gains on investments	167,575 43,403	7,669		167,575 51,072
	f210,978	f7,669	f. -	f218,647

Fund balances at31 December	2020 were represented	by the following	assets and liabi	lities:
	Unrestricted	Restricted	Endowment
	Funds	Funds	Funds	Total
Tangible fixed assets Investments	1,217,054 257,630	299,533 425,467	2,099,223 2,395,754	3,615,810 3,078,851
Current assets Current liabilities Long-term liabilities	2,997,916 (824,962) (147,025)	937,083 (190,115) (288,878)	528,158 (8,890) (131,889)	4,463,157 (1,023,967) (567,792)
	f3,500,613	f1,183,090	fA,882,356	f9,566,059

Fimd balances at 31 Decetnber	20/9 were represented by the	following asset	s and liabilitteei
	Unrestricted	Restricted	Endowntent
	ponds	Fimds	Funds	Total
Tangible fixed assets investments Cttrrent assets Current liabilities bong-terat liobtlides	/,259,919 /78, 742 2584 185 (644,492) (/79,557)	299,533 425,467 554,545 (190,115) (288,ere)	2,099,223 2,327,271 520,235 (8,890) (131,889/	3,658,675 2,931,480 3,658,965 (843,497) (600,324)
	13,/98, 797	f800552	f4805,950	f8,805,299

Reconciliation ofnet income /(expenditure flfromoeratin activities	) to net cash
ow pg		2 20	2019
Net income / (expenditure for the reporting period (as per the ,\ statement of financial activities) Depreciation charges (Gains) / losses on investments Dividends, interest and rents from investments Loss / (profit) on sale offlxed assets (Increase) / decrease in stocks (Increase) / decrease in debtors Increase/ (decrease) in creditors		760,760 240,007 (155,881) (62,108) (9,270) 47,405 719,222 171,084	169,833 244,290 (249,641) (115,721) (4,040) (22,304) (575,109) 76,339
Net cash provided by (used in) operating	activities	f.1,711,219	f (476,353)
Analysis ofcash and cash equivalents		2020	2019
Brokers' deposit accounts Cash at bank and in hand		211,687 2,748,753	518,687 1,177,934
Total cash and cash equivalents		f2,960,440	f1,696,621

Thetotalcommitment under	non-cancellable	operating lease rentals w	as;
			2020	2019
In respect ofland and buildings; Leases which expire within one year Leases which expire in the second to fifth years			23,889 107,000	49,875 184,878
In respect offixtures, fittings Leases which expire within Leases which expire in the	and equipment: one year second to fifth years		7,785 37,632	7,785 59,159
In respect of motor vehicles: Leases which expire within Leases which expire in the	one year second to frith	years	33,259 4,316	10,837 30,978
			f213,881	8343,512
Rentals paid during the year were: Land and buildings Fixtures, fittings and equipment Motor vehicles			141,223 29,986 36,980	138,436 27,272 36,480
			f208,189	L202,188

24.	COMM	ITMKNTS (	ed)
d.	Pension	commihnents
					202	2019
	Annual commitment (detined Contributions outstanding at		contribution the yearend	scheme)	6313,775 f43,808	f325,164 f53,429

		General	Designated	Restricted	Endowed	'fotal
	Note	Fund	Funds	Funds	Funds	2019
Income and endowments from:
Donations and legacies Members subscriptions	2	1,294,025				1,294,025
Donations and legacies		713,369		1,129,287		1,842,656
		2,007,394		1,129,287		3,136,681
Charitable activities	3			2,049,168		2,049, 168
Other trading activities Fundraising events Advisory Service Trading income	4a	3,206,602 190,836 158,111		18,480		3,225,082 190,836 158,111
Investment income		7,170		108,551		115,721
Other		141,980		67,224		209,204
Total		5,712,093		3,372,710		9,084,803
Expenditure on:
Raising funds Fundraising events Membership and marketing Other fundraising costs	4a 6	1,457,737 634,562 1,228,297				1,457,737 634,562 1,228,297
		3,320,596				3,320,596
Charitable activities
Research and conservation
Lowlands	7	1,232,109		869,577		2,101,686
Uplands Demonstration	7 7	162,865 208,421		373,736 1,084,600	4,150	536,601 1,297,171
Fisheries	7	197,901		618,357		816,258
Public education	7	1,801,296 569,517		2,946,270 522,782	4,150	4,751,716 1,092,299
		2,370,813		3,469,052	4,150	5,844,015
Total		5,691,409		3,469,052	4, 150	9,164,611
income/(expenditure)
before investment gains		20,684		(96,342)	(4,150)	(79,808)
Net gains / (losses) on investments: Realised Unreaiised	12	3,982 10,373	-	11,977 5,296	31,182 186,831	47,141 202,500
Net income / (expenditure)		35,039		(79,069)	213 863	169,833
Transfers between funds		(1,000)		1,000
Net movemeat in funds		34,039		(78,069)	213,863	169,833
Reconciliatioo offunds: Total funds brought forward		3,153,266	11,492	878,621	4,592,087	8,635,466
Total funds carried forward		f3,187,305	f11,492	f800,552	f4,805,950	f8,805,299