Vvvr Vincent Wlldlife Trust Annual"Report arfd Financial Statements 31 December 2020
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Vince Wildlife Trust Annual Reponétid Financial Statemen¥$ 2020 25
| Notes | |||||||
|---|---|---|---|---|---|---|---|
| Income and endowments | from: | ||||||
| Donations and legacies |
53,509 | 282,801 | 336,310 | 244,799 | |||
| investment income |
183,827 | 183,827 | 297,608 | ||||
| Other income | 1,713 | 153 | 1,866 | 203,875 | |||
| Total income | 239,049 | 282,954 | 522,003 | 746,282 | |||
| Expenditure on |
|||||||
| Raising funds | 124,639 | 7,257 | 131,896 | 126,460 | |||
| Charitable activities |
|||||||
| Mammal conservation |
645,842 | 242,077 | 887,919 | 973,908 | |||
| Other | 20,004 | 20,004 | 466 | ||||
| Total expenditure | 790,485 | 249,334 | 1,039,819 | 1,100,834 | |||
| Net gains/{losses) on |
investments | 856,282 | 856,282 | 2,555,198 | |||
| Net income/(expenditure) | 304,846 | 33,620 | 338,466 | 2,200,646 | |||
| Transfers between | funds | 20 | (142,788) | 142,788 | |||
| Net movement in funds |
162,058 | 176,408 | 338,466 | 2,200,646 | |||
| Reconciliation offunds | |||||||
| Total funds brought | forward | 20,495,004 | 58,019 | 20,553,023 | 18,352,377 |
| Notes | ||||||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Tangible assets | 15 | 1,549,973 | 1,549,973 | 1,558,643 | ||
| Investments | 16 | 19,081,365 | 19,081,365 | 18,866,932 | ||
| Total | 20,631,338 | 20,631,338 | 20,425,575 | |||
| Current assets | ||||||
| Stocks | 17 | 204 | 204 | 214 | ||
| Debtors | 18 | 29,925 | 47,168 | 77,093 | 107,369 | |
| Cash at bank | 128,593 | 217,204 | 345,797 | 98,323 | ||
| Total | 158,722 | 264,372 | 423,094 | 205,906 | ||
| Creditors | ||||||
| Amounts falling due within one year |
(132,998) | (29,945) | (162,943) | (78,458) | ||
| Net current | assets | 25,724 | 234,427 | 260,151 | 127,448 | |
| Total assets less current liabilities | 20,657,062 | 234,427 | 20,891,489 | 20,553,023 | ||
| Net assets | 20,657,062 | 234,427 | 20,891,489 | 20,553,023 | ||
| Funds | 20 | |||||
| Unrestricted | funds | 20,657,062 | 20,495,004 | |||
| Restricted funds | 234,427 | 58,019 |
| Notes | |||||
|---|---|---|---|---|---|
| Cash flow from operating activities: | |||||
| Cash generated from operations |
22 | (605,162) | (924,775) | ||
| Net cash used in operating activities |
(605,162) | (924,775) | |||
| Cash flows from investing activities: |
|||||
| Purchase oftangible fixed assets |
(23,274) | ||||
| Purchase offixed asset investments | (12,292,942) | (1,227,849) | |||
| Sale oftangible fixed assets | (1,055) | 259,756 | |||
| Sale offixed asset investments | 12,974,874 | 1,505,593 | |||
| Income received from listed investments | 194,865 | 289,934 | |||
| Interest received | 168 | 308 | |||
| Net cash provided by investing activities |
852,636 | 827,742 | |||
| Change in cash and cash equivalents |
in the reporting | period | 247,474 | (97,033) | |
| Cash and cash equivalents atthe beginning ofthe reporting |
period | 98,323 | 195,356 |
| Income from listed investments | 183,658 | 183,658 | 297,300 | |
|---|---|---|---|---|
| Bank interest receivable | 169 | 169 | 308 | |
| 183,827 | 183,827 | 297,608 | ||
| Publications —UK | 965 | 965 | 136 | |
| Other income —UK | 407 | 100 | 507 | 114 |
| Other income —Ireland | 226 | 226 | 952 | |
| Sale ofassets —UK | 115 | 53 | 168 | 2,727 |
| Sale ofproperty — UK |
199,946 | |||
| 1,713 | 153 | 1,866 | 203,875 |
| Investment | Management | fees | 121,283 | 121,283 | 112,463 | |
|---|---|---|---|---|---|---|
| Fundraising | expenses | 3,356 | 7,257 | 10,613 | 13,997 | |
| 124,639 | 7,257 | 131,896 | 126,460 |
| Mammal Conservation |
||||
|---|---|---|---|---|
| Research and surveys | 365,957 | 242,077 | 608,034 | 680,741 |
| Nature reserves |
221,822 | 221,822 | 235,769 | |
| 587,779 | 242,077 | 829,856 | 916,510 | |
| Research and Surveys —UK | ||||
| Pine Marten Recovery Project |
35,003 | 35,003 | 93,516 | |
| Bechstein's Bats | 10,000 | 10,000 | ||
| Backfrom the Brink (BftB) | 15,827 | 15,827 | 17,631 | |
| Two Moors | 14,049 | 14,049 | ||
| Professional fees |
955 | 955 | 1,108 | |
| National Pine Marten Strategy |
14,265 | 14,265 | ||
| Life Assurance and Medical |
119 | 119 | 360 | |
| Forest ofDean | 10,279 | 10,279 | 29,784 | |
| Wildcat | 1,807 | 1,807 | 9,562 | |
| Lynx | 341 | 341 | ||
| Romanian Mink |
5,463 | 5,463 | ||
| Bat Programme | 4,675 | 4,675 | ||
| Croatia, Lokrum | 6,400 | |||
| Other Research and Projects | 27,399 | 27,399 | 36,704 | |
| Field Office Costs | 139,761 | 49,352 | 189,113 | 201,859 |
| Support Costs —see note 7 | 64,463 | 77,222 | 141,685 | 146,536 |
| 232,919 | 238,061 | 470,980 | 543,460 | |
| Nature Reserves —UK | ||||
| Maintenance and Improvements |
25,152 | 25,152 | 17,417 | |
| Depreciation | 8,484 | 8,484 | 8,890 | |
| Field Office Costs | 69,092 | 69,092 | 72,093 | |
| Support Costs —see note 7 | 59,678 | 59,678 | 61,416 | |
| 162,406 | 162,406 | 159,816 |
| Research and Surveys —Ireland | ||||
|---|---|---|---|---|
| Research and Project Field Work | 6,934 | 4,016 | 10,950 | 3,074 |
| Other | 1,633 | 1,633 | 1,999 | |
| Field Office Costs | 82,973 | 82,973 | 86,146 | |
| Support Costs —see note 7 | 41,498 | 41,498 | 46,062 | |
| 133,038 | 4,016 | 137,054 | 137,281 | |
| Nature Reserves —Ireland | ||||
| Maintenance and Improvements |
14,050 | 14,050 | 27,696 | |
| Depreciation | 3,332 | 3,332 | 3,332 | |
| Other | 544 | 544 | 857 | |
| Field Office Costs | 27,657 | 27,657 | 28,715 | |
| Support Costs —see note 7 | 13,833 | 13,833 | 15,354 | |
| 59,4-16 | 59,416 | 75,954 |
| Staff Costs | 102,182 | 43,040 | 29,928 | 9,976 | ||
|---|---|---|---|---|---|---|
| Office Costs | 34,821 | 14,667 | 10,199 | 3,400 | ||
| Legal and Professional | Fees | 4,682 | 1,972 | 1,371 | 457 | |
| Audit Fees | ||||||
| Trustees' Expenses | ||||||
| Trustees' Indemnity |
Insurance | |||||
| 141,685 | 59,678 | 41,498 | 13,833 |
| ~ | |||||
|---|---|---|---|---|---|
| y | |||||
| Staff Costs | 41,638 | 226,764 | 220,354 | ||
| Office Costs | 13 | 63,100 | 74,407 | ||
| Legal and Professional | Fees | 650 | 9,132 | 13,123 | |
| Audit Fees | 13,056 | 13,056 | 11,910 | ||
| Trustees' Expenses | 992 | 992 | 5,441 | ||
| Trustees' Indemnity |
Insurance | 1,714 | 1,714 | 1,529 | |
| 58,063 | 314,758 | 326,765 |
| ~ | I | ||
|---|---|---|---|
| Research and Surveys —UK | 49 | 49 | |
| Research and Surveys —Ireland | 14 | 14 | |
| Nature Reserves —UK |
21 | 20 | |
| Nature Reserves —Ireland |
5 | 6 | |
| Governance Costs |
11 | 11 | |
| 100 | 100 |
| Loss on disposal offixed assets | 20,004 | 20,004 | 466 | |
|---|---|---|---|---|
| 20,004 | 20,004 | 466 | ||
| Net income/(expenditure) isstated |
after charging/(crediting) | |||
| Staff Pension Contributions | 34,968 | 35,463 | ||
| Depreciation | 13,163 | 20,827 | ||
| Auditors' remuneration —audit ofthe financial |
statements | 9,900 | 9,900 | |
| Auditors' remuneration —non-audit |
services | 3,156 | 2,010 | |
| Operating Lease Costs —land and |
buildings | 17,538 | 22,565 | |
| Deficit/(surplus) on disposal of Fixed Assets |
19,835 | (202,207) |
| Total staff costs were as follows: | ||
|---|---|---|
| Wages and Salaries | 511,048 | 512,385 |
| Social Security Costs | 48,879 | 54,813 |
| Pension Costs | 34,968 | 35,463 |
| 594,895 | 602,661 |
| The average monthly number ofemployees during the year was as follows: |
||
|---|---|---|
| Number of Field Staff (FTE—2020: 'I 0.58; 20'l 9: 1'l.34) | 13 | 13 |
| Number ofAdministrative Staff (FTE—2020:5.64; 20'l 9:5,36) |
9 | 7 |
| 22 | 20 |
| Income and Endowments | from | |||
|---|---|---|---|---|
| Donations and Legacies |
84,037 | 160,762 | 244,799 | |
| Investment Income |
297,608 | 297,608 | ||
| Other Income | 201,148 | 2,727 | 203,875 | |
| Total | 582,793 | 163,489 | 746,282 | |
| Expenditure on |
||||
| Raising Funds | 124,258 | 2,202 | 126,460 | |
| Charitable Activities |
||||
| Mammal Conservation |
693,531 | 280,377 | 973,908 | |
| Other | 466 | 466 | ||
| Total | 818,255 | 282,579 | 1,100,834 | |
| Net Gains on Investments | 2,555,198 | 2,555,198 | ||
| Net Income/(Expenditure) | 2,319,736 | (119,090) | 2,200,646 | |
| Transfers Between Funds | (122,769) | 122,769 | ||
| Net Movement in Funds |
2,196,967 | 3,679 | 2,200,646 | |
| Reconciliation of Funds |
||||
| Total Funds brought forward | 18,298,037 | 54,340 | 18,352,377 |
| ~ ~ | ~ ~ | ||||
|---|---|---|---|---|---|
| Cost | |||||
| At 1 January 2020 | 1,381,202 | 579,581 | 44,699 | 14,770 | 2,020,252 |
| Additions | 19,476 | 3,798 | 23,274 | ||
| Disposals | (29,194) | (29,194) | |||
| At 31 December 2020 | 1,400,678 | 550,387 | 44,699 | 18,568 | 2,014,332 |
| Depreciation | |||||
| At 1January 2020 | 403,943 | 44,699 | 12,967 | 461,609 | |
| Charge for Year | 11,816 | 1,347 | 13,163 | ||
| Eliminated on Disposal |
(10,413) | (10,413) | |||
| At 31 December 2020 | 405,346 | 44,699 | 14,314 | 464,359 | |
| Net BookValue | |||||
| At 31 December 2019 | 1,381,202 | 175,638 | 1,803 | 1,558,643 |
| At'IJanuary | 2020 | 18,866,931 |
|---|---|---|
| Additions | 12,292,942 | |
| Disposals | (12,473,048) | |
| Revaluations | 394,540 | |
| At 31 December 2020 | 19,081,365 |
| Listed Investments | |||
|---|---|---|---|
| UK Quoted Fixed Interest Securities |
983,643 | 983,643 | 1,520,426 |
| Non-UK Fixed Interest Securities | 209,823 | 209,823 | 392,265 |
| UK Quoted Shares | 293,403 | 293,403 | 3,560,103 |
| Non-UK Quoted Shares | 3,902,017 | 3,902,017 | 5,670,767 |
| 5,3&8,886 | 5,388,886 | 11,143,561 | |
| Other Investments | |||
| Other UK Investments | 4,870,256 | 4,870,256 | 5,253,109 |
| UK Cash held as part ofPortfolio | 5,910,321 | 5,910,321 | 606,947 |
| Other Non-UK Investments | 2,831,490 | 2,831,490 | 1,833,996 |
| Non-UK Cash held as part ofPortfolio | 80,412 | 80,412 | 29,319 |
| 13,692,479 | 13,692,479 | 7,723,370 |
| Trade Debtors | 47,610 | 87,820 | |
|---|---|---|---|
| Other Debtors | 6,265 | 7,126 | |
| Prepayments | and accrued income | 23,218 | 12,423 |
| 77,093 | 107,369 |
| Included within debtors above are the following amounts |
Included within debtors above are the following amounts |
relating to operational | relating to operational | relating to operational | activities | in the | Republic of Ireland: | |
|---|---|---|---|---|---|---|---|---|
| Trade Debtors | 4,961 | 220 | ||||||
| Other Debtors | 1,858 | 5,629 | ||||||
| Prepayments and |
accrued income | 5,629 | 1,055 | |||||
| 12,448 | 6,904 | |||||||
| The Euro equivalent | was 413,846(2019:68,084)as converted | at the year-end | exchange rate. | |||||
| Trade Creditors | 16,402 | 9,885 | ||||||
| Other Creditors | 93,656 | 41,878 | ||||||
| Accruals and Deferred Income | 52,885 | 26,695 | ||||||
| 162,943 | 78,458 | |||||||
| Included within creditors above are the following amounts |
relating to operational | activities | in the | Republic ofIreland: | ||||
| Trade Creditors | 721 | 1,442 | ||||||
| Other Creditors | 8,044 | 7,951 | ||||||
| Accruals and Deferred Income | 1,923 | 1,393 | ||||||
| 10,688 | 10,786 | |||||||
| The Euro equivalent | was 611,889(2019:612,631)as converted | at the year-end | exchange | rate. |
| Net income/(expenditure) for the reporting (as per the statement offinancial activities) |
period | 338,466 | 2,200,646 | |
|---|---|---|---|---|
| Adjustments for: |
||||
| Depreciation Charges |
13,163 | 20,828 | ||
| Gain on Investments | (856,282) | (2,555,198) | ||
| Loss/(Profit) on Disposal of Fixed Assets |
19,836 | (202,207) | ||
| Interest Received | (168) | (308) | ||
| Income Received from Listed Investments | (183,658) | (297,300) | ||
| Decrease in Stocks |
10 | 59 | ||
| Decrease/(Increase) in Debtors |
30,276 | (39,369) | ||
| Increase/(Decrease) in Creditors |
33,195 | (51,926) | ||
| Net Cash used in Operations | (605,162) | (924,775) | ||
| Net Cash | ||||
| Cash at Bank | 98,323 | 247,474 | 345,797 |