## ## |CONTENTS||Page| |---|---|---| |Charity
Information||| |Chairman's
Foreword||3-4| |Trustees'
Report||5-15| |Independent
Examiner's|Report|15| |Consolidated
Statement|of Financial Activities|| |Group Balance Sheet||17-18| |Charity
Balance Sheet||19| |Consolidated
Statement|of Cash Flows|20| |Notes tothe Financial Statements||21-43| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |FOR THE Y|EAR|ENDED 31MARCH 2022|||| |---|---|---|---|---|---| |Biodiversity|and|natural
environment|||| |||we manage
our sites sensitively,
ensuring
that their importance|for wildlife|is conserved
and wherever|| |||possible enhanced.|||| |||we aim to carry out landscape-scale
wildlife
conversation
and|enhancement|projects at|our sites and| |||across the Cotswold Water Park in partnership
with others.|||| |||we provide advice to mineral
companies,
landowners
and local communities||on wildlife issues|| |Recreation|and|access|||| |||wherever
possible we encourage the public to access our sites for recreational||purposes.|| |||we pursue area wide initiatives
to improve
responsible
access to and around||the Cotswold|Water Park.| |Education|||||| |||we aim to engage increasingly
with visitors, the local community,|schools and universities||to promote
a| |||greater
understanding
and appreciation
of the heritage,
wildlife|and landscape
of the Cotswold Water||| |||Park. This will encompass,
among
other things,
migratory
birdlife,
rich fossil finds
in the|||sedimentary| |||sand
and gravel,
precious wildflower
meadows,
the area's biodiversity
as well as the health
and well-|||| |||being to be found
in the outdoors.|||| |Promotion|||||| |||in supporting
the Cotswold
Water
Park, we are the
primary
gateway
for||hundreds
of|thousands
of| |||visitors,
residents,
leisure operators,
walkers,
cyclists, birders,
anglers,
dreamers
and nature
lovers on|||| |||land or water. We want
all visitors to value their time here. As|a charity we|encourage
the benefits to|| |||be gained from the use ofour own destination
sites.|||| |Membership|||||| |||we are a small team with a big-hearted
membership.
Members|enjoy free parking at our car parks from||| |||where they are able to visit our bird hides,
enjoy talks and events
such as||dawn
chorus|walks,
fossil| |||hunts, and also lend a hand on our crucial conservation
projects.|You too can|join and take|part.| |Resilience|||||| |~||we are not central
or local government
funded.
We work with donors,
charitable
funds,
individuals,|||| |||companies,
and our membership.
In addition,
we operate
our|own sites commercially
to make sure||| |||collectively we are here to develop the Cotswold Water Park for|the benefit ofwildlife
and||people.| |||we investigate
the acquisition
of new sites in order to protect and enhance||their potential|biodiversity| |||value and/or
recreational
benefits.|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Restricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds|funds|funds| |||||2022|2022|2022|2021 restated| ||||Note|6|6|6|| |Income from:|||||||| |Donations||||10,104|18,056|28,160|29,408| |Charitable
activities||||66,703|26,689|93,392|69,471| |Other trading activities:|||||||| |Cotswold Water Park|Society Limited||||473,448|473,448|241,161| |Cotswold Water Park|Estates &||||||| |Ranger Services Ltd|||||13,761|13,761|17,937| |Other income|||||165|165|1,333| |Total income||||76,807|532„119|608,926|359,310| |Expenditure
on:|||||||| |Raising funds:|||||||| |Cotswold Water Park|Society Limited||||190,334|190,334|55,058| |Cotswold Water Park|Estates 8||||||| |Ranger Services Ltd|||||6,501|6,501|16,160| |Charitable
activities|||7|42,299|318,773|361,072|262,016| |Total expenditure||||42,299|515,608|557,907|333,234| |Net income before net gains on|||||||| |investments||||34,508|16,511|51,019|26,076| |Fair value movements|on revaluation|of|||||| |investment
property|||||||500,000| |Net movement
in funds before other|||||||| |recognised
gains||||34,508|16,511|51,019|526,076| |Other recognised
gains:|||||||| |Gains on revaluation
offixed assets|||||||1,103,590| |Net movement
in funds||||34,508|16,511|51,019|1,629,666| |Reconciliation
offunds:|||||||| |Total funds brought
forward||||114,930|2,737,557|2,852,487|1,222,821| |Net movement
in funds||||34,508|16,511|51,019|1,629,666| |Total funds carried forward||||149,438|2,754,068|2,903,506|2,852,487| ## ## ||||||||2021| |---|---|---|---|---|---|---|---| ||||||2022||restated| ||||Note||6||| |Fixed assets|||||||| |Tangible assets|||12||2,766,711||2,776,159| |Investments|||13||1,300,000||1,300,000| ||||||4,066,711||4,076,159| |Current assets|||||||| |Debtors|||14|205,426||103,325|| |Cash at bank and|in hand|||170,121||105,496|| |||||375,547||208,821|| |Creditors: amounts|falling due within one||||||| |year|||15|(390,071)||(234,241)|| |Net current
liabilities|||||(14,524)||(25,420)| |Total assets less|current liabilities||||4,052,187||4,050,739| |Creditors: amounts|falling due after more||||||| |than one year|||16||(1,148,681)||(1,198,252)| |Net assets excluding||pension asset|||2,903,506||2,852,487| |Total net assets|||||2,903,506||2,852,487| |Charity funds|||||||| |Restricted funds|||18||149,438||114,930| |Unrestricted
funds|||18||2,754,068||2,737,557| |Total funds|||||2,903,506||2,852,487| ## ## ## ||||||2022||2021| |---|---|---|---|---|---|---|---| |||||Note|6||| |Fixed assets|||||||| |Tangible assets||||12|18,076||13,886| |Investments||||13|12||15| ||||||18,088||13,901| |Current assets|||||||| |Debtors||||14|62,389|35,801|| |Cash at bank|and|in hand|||103,709|103,925|| ||||||166,098|140,726|| |Creditors: amounts||falling|due within one||||| |year||||15|(301,515)|(187,837)|| |Net current|liabilities||||(135,417)||(47,111)| |Total assets|less|current||liabilities|(117,329)||(33,210)| |Net liabilities|excluding||pension asset||(117,329)||(33,210)| |Total net assets|||||(117,329)||(33,210)| |Charity funds|||||||| |Restricted funds||||18|149,438||114,930| |Unrestricted|funds|||18|(266,767)||(148,140)| |Total funds|||||(117,329)||(33,210)| |The Charity's|net movement|||in funds for the year was|E(84,119)(2021 - f(6,580)).||| ## |||CONSOLIDATED|CONSOLIDATED|STATEMENT OF CASH FLOWS|STATEMENT OF CASH FLOWS||| |---|---|---|---|---|---|---|---| |||FOR THE YEAR ENDED 31 MARCH 2022|||||| ||||||Note|2022
F|2021f| |Cash flows from operating||activities|||||| |Net cash used
in operating|activities||||21|127,602|38,977| |Cash flows from investing||activities|||||| |Purchase
oftangible fixed assets||||||(7,407)|(3,139)| |Net cash used in investing||activities||||(7,407)|(3,139)| |Cash flows from financing||activities|||||| |Cash inflows from new borrowing|||||||50,849| |Repayments
of borrowing||||||(16,940)|(14,213)| |Net cash (used in)/provided||by financing|activities|||(16,940)|36,636| |Change
in cash and cash||equivalents
in|the|year||103,255|72,474| |Cash and cash equivalents||at the beginning|ofthe year|||66,866|(5,608)| |Cash and cash equivalents||at the end of|the|year|22|170,121|66,866| |The notes on pages 21 to43form part ofthese||||financial statements|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Restricted|Unrestricted|Total| |---|---|---|---|---|---| ||||funds|funds|funds| ||||2022|2022|2022| ||||6||F| |Donations|||10,104||10,104| |Membership|subscriptions|||18,056|18,056| ||||10,104|18,056|28,160| |||||Unrestricted|Totat| |||||funds|funds| |||||2021f|2021f| |Donations||||4,492|4,492| |Membership|subscriptions|||15,294|15,294| |Government|grant income - Coronavirus|Job Retention Scheme||9,622|9,622| |||||29,408|29,408| ## ||Restricted|Unrestricted|Total| |---|---|---|---| ||funds|funds|funds| ||2022|2022|2022| ||6|F|6| |Grant income|62,560||62,560| |Map and website|4,143|20,769|24,912| |Events||5,920|5,920| ||66,703|26,689|93,392| ## ## ## ||Restricted|Unrestricted|Total| |---|---|---|---| ||funds|funds|funds| ||2021
f|2021
8|2021f| |Grant income|52,212|7,987|50,199| |Map and website||14,584|14,584| |Events||(5,312)|(5,312)| ||52,212|17,259|59,471| ## |||Unrestricted|Total| |---|---|---|---| |||funds|funds| |||2022|2022| |||F|F| |Other|income|165|165| |||Unrestricted|Total| |||funds|funds| |||2021|2021f| |Other|income|1,333|1,333| |||Restricted|Unrestricted|Total| |---|---|---|---|---| |||funds|funds|funds| |||2022|2022|2022| |||6|F|6| |Environmental|activities|42,299|318,773|361,072| ## ## ## |Restricted|Unrestricted|Total| |---|---|---| |funds|funds|funds| |2021
f|2021|2021| |64,723|197,293|262,016| ## ## |Activities||| |---|---|---| |undertaken|Support|Total| |directly|costs|funds| |2022|2022|2022| |6||F| |68,089|292,983|361,072| |||Activities||| |---|---|---|---|---| |||undertaken|Support|Total| |||directly|costs|funds| |||2021f|2021
6|2021f| |Environmental|activities|47,515|214,501|262,016| ## |Independent|Examiner|Fees|Fees||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||2022
F|2021f| |Fees payable|to the Charity's||auditor||in respect of:||||| |For independent
examination|||services|||||1,900|1,820| |For audit services||||||||7,600|3,800| |For non-audit|services|||||||5,325|4,800| |Staff costs|||||||||| |||||||Group|Group|Charity|Charity| |||||||2022
F|2021
f|2022
f|2021f| |Wages and salaries||||||171,570|143,468|171,570|143,468| |Social security costs||||||15,153|8,711|15,153|8,711| |Contribution
to defined||contribution||pension|||||| |schemes||||||5,764|4,651|5,764|4,651| |||||||192,487|156,830|192,487|156,830| ## |Group|Group| |---|---| |2022|2021| |No.|No.| ## ## ## ## ||||Long-term|Short-term||| |---|---|---|---|---|---|---| ||Freehold||leasehold|leasehold||| ||property|f|property
f|property
F|Equipment|Totalf| |Cost orvaluation||||||| |At 1 April 2021|1,835,000||856,000|110,233|71,312|2,872,545| |Additions|||||7,407|7,407| |At 31 March 2022|1,835,000||856,000|110,233|78,719|2,879,952| |Depreciation||||||| |At 1 April 2021||||50,666|45,720|96,386| |Charge for the year|||8,560|2,939|5,356|16,855| |At 31 March 2022|||8,560|53,605|51,076|113,241| |Net book value||||||| |At 31 March 2022|1,835,000||847,440|56,628|27,643|2,766,711| |At 31March 2021|1,835,000||856,000|59,567|25,592|2,776,159| ## ## |12.|Tangible fixed assets (continued)|| |---|---|---| ||Charity|| |||Plant and| |||machinery| |||F| ||Cost or valuation|| ||At 1 April 2021|35,022| ||Additions|7,408| ||At 31 March 2022|42,430| ||Depreciation|| ||At 1 April 2021|21,136| ||Charge for the year|3,218| ||At 31 March 2022|24,354| ||Net book value|| ||At 31 March 2022|18,076| ||At 31March 2021|13,886| ## ## |13.|Fixed asset investments||| |---|---|---|---| ||||Investment| ||||Land| ||Group||6| ||Cost or valuation||| ||At 1 April 2021||1,300,000| ||At 31 March 2022||| ||||1,300,000| ||The historical cost ofthe investment|is F25,000 (2021rf25,000).|| ||||Investments| ||||in| ||||subsidiary| ||||companies| ||Charity||F| ||Cost orvaluation||| ||At 1 April 2021||12| ||At 31 March 2022||| ||||12| ## |Names|||||Company|Principal
activity||Class of|Holding| |---|---|---|---|---|---|---|---|---|---| ||||||number|||shares|| |Cotswold|Water|Park|Estates|&Ranger|06149244|Trading
activities||Ordinary|100'/o| |Services|Ltd|||||relating to the Charity|||| |Cotswold|Water|Park|Society|Limited|IP28479R|Management
of||Ordinary|67/o| |||||||biodiversity
within,|and||| |||||||the promotion
of|and||| |||||||education
in respect|||| |||||||ofthe Cotswold Water|||| |||||||Park|||| ## ## |The financial
results ofthe subsidiaries
for|the year were:||||| |---|---|---|---|---|---| |Names|Income
6|Expenditure|f|Profit/(Loss)
for the year|Net
assets/(liabi| |||||6|lities)| ||||||6| |Cotswold Water Park Estates &|13,761|31,725||(17,964)|(95,632)| |Ranger Services Ltd|||||| |Cotswold Water Park Society Limited|473,448|320,334||153,114|3,116,495| ## |||Group|Group|Charity|Charity| |---|---|---|---|---|---| ||||2021||2021| |||2022
6|restated|2022
6|restated
f| |Due within one year'|||||| |Trade debtors||184,869|94,121|5,108|4,212| |Amounts
owed by group undertakings||||44,209|25,456| |Other debtors||1,142|1,645|468|522| |Prepayments|and accrued income|19,415|7,559|12,604|6,611| |||205,426|103,325|62,389|36,801| ## ## ## ## |||||Group|Group|Charity|Charity| |---|---|---|---|---|---|---|---| |||||2022|2021|2022|2021| |||||6|5|6|5| |Bank overdrafts|||||38,630||| |Bank loans||||21,284|20,050||| |Trade creditors||||127,824|53,875|36,613|19,788| |Amounts|owed to group undertakings|||||197,083|97,436| |Other taxation and||social security||11,660|36,788|11,660|35,859| |Pension|fund|||127,200|7,200||| |Accruals|and deferred
income|||102,103|67,698|56,159|34,754| |||||390,071|234,247|301,515|187,837| |||||||Group|Group| |||||||2022f|2021| |Deferred|income at 1 April|||||16,387|6,545| |Resources deferred||during the year||||18,600|16,387| |Amounts|released|from previous|periods|||(16,387)|(6,545)| |Deferred|income at 31 March|||||18,600|16,387| ## |||Group|Group| |---|---|---|---| |||2022|2021| |||6|| |Bank loans||115,472|133,646| |Otherloans||852,509|757,870| |Pension|liability|180,700|306,736| |||1,148,681|1,198,252| ## ## ## ## |Included
within loans due after more than one year are|amounts
falling due as follows:|| |---|---|---| ||Group|Group| ||2022|2021f| |Between one and two years||| |Bankloans|21,605|21,043| |Between two and five years||| |Bankloans|67,052|66,493| |Over five years||| |Bank loans|26,815|46,110| |Otherloans|852,509|757,870| ## |||||||||||Group|Group| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||2022f|2021f| |Financial|assets||||||||||| |Financial|assets|measured|at|fair|value|through|income|and|expenditure|1,300,000|1,300,000| ## ## ## |||||||||Balance at| |---|---|---|---|---|---|---|---|---| ||||||Balance at 1|||31 March| ||||||April 2021|Income|Expenditure|2022| ||||||6|F|6|6| |Unrestricted
funds||||||||| |Reserves|||||2,737,557|532,119|(515,608)|2,754,068| |Restricted funds||||||||| |Cotswold Water Park Ball|- Auction/Raffle||||10,210||(2,997)|7,213| |Nationwide
Grant - River|Coin||works||26|||26| |Growing
our Communities||Fund|||6,835||(4,042)|2,793| |CWP Community
Environmental||||||||| |Improvements
Fund|||||1,418|||1,418| |CWP WILD Project (EA)|||||18,655|||18,655| |Neigh Bridge Country Park||- New play area|||29,519|||29,519| |Neigh Bridge Country Park||- Landscape||plan|4,353|||4,353| |Water vole recovery project (Hills LCF)|||||6,103|12,000|(10,073)|8,030| |Water vole recovery project (Lower Mill||||||||| |estate)|||||2,500||(1,200)|1,300| |Tarmac|||||271|||271| |Shorncote - Thames Water|||||12,559||(1,500)|11,059| |Cleveland
Lakes volunteer||hub|||4,837|160|(4,997)|| |Top Pit - landscape
plan|||||4,353|||4,353| |Nature reserves guide|||||4,837|||4,837| |National
Lottery Heritage|Fund||- Transforming|||||| |the CLT|||||5,483|14,160|(11,580)|8,063| |Thames Water - Covid Relief|||||3,000||(3,000)|| |Beaver Bus (formerly Perch Pod)||||||15,487|(879)|14,608| |Cleveland
Lake Enhancement|||- Hills|||30,000|(1,908)|28,092| |Summerfield
Trust||||||5,000||5,000| |Other smaller
restricted
funds|||||(29)||(123)|(152)| ||||||114,930|76,807|(42,299)|149,438| |Total offunds|||||2,852,487|608,926|(557,907)|2,903,506| ## ## ## ||||||||Balance at| |---|---|---|---|---|---|---|---| ||||Balance at|||Gainsr|31March| ||||1 April 2020f|Income|Expendituref|(Losses)f|2021f| |Unrestricted
funds|||||||| |Reserves|||1,095,380|307,098|(268,511)|1,603,590|2,737,557| |Restricted funds|||||||| |Cotswold Water Park Ball-|||||||| |Auction/Raffle|||10,210||||10,210| |Nationwide
Grant - River Coin|||||||| |works|||26||||26| |Growing
our Communities|Fund|||6,835|||6,835| |CWP Community
Environmental|||||||| |Improvements
Fund (CDC)|||1,418||||1,418| |CWP WILD Project (EA)|||18,655||||18,655| |Clayhill car park improvements|||4,378||(4,378)||| |Neigh Bridge Country
Park||- New|||||| |play area|||29,519||||29,519| |Neigh Bridge Country Park-|||||||| |Landscape
plan|||4,353||||4,353| |Kickstart Tourism
Fund||||2,958|(2,958)||| |Water vole recovery project||(Hills|||||| |LCF)|||10,797||(4,694)||6,103| |Water vole recovery project||(Lower|||||| |Mill estate)||||2,500|||2,500| |Tarmac|||271||||271| |Shorncote to River Thames|||||||| |Wetland
Connections|||2,173||(2,173)||| |Shorncote - Thames Water|||14,074||(1,515)||12,559| |Cleveland
Lakes volunteer||hub|4,837||||4,837| |Top Pit - landscape
plan|||4,353||||4,353| |Nature reserves guide|||4,837||||4,837| |National
Lottery Heritage Fund-|||||||| |Transforming
the CLT|||17,569||(12,086)||5,483| |National
Lottery Heritage Fund-|||||||| |Emergency
Funding||||22,500|(22,500)||| |Thames Water - Covid Relief||||17,419|(14,419)||3,000| |Other smaller restricted
funds|||(29)||||(29)| ## ## ## ||||||||Balance at| |---|---|---|---|---|---|---|---| ||||Balance at|||Gains&|31March| |||1|April 2020f|income
f|Expenditure
f|(Losses)|2021f| ||||127,441|52,212|(64,723)||114,930| |Total|offunds||1,222,821|359,310|(333,234)|1,603,590|2,852,487| ## ## ## ## ## ## ## ## ## ## |||||||Balance at| |---|---|---|---|---|---|---| |||||||31March| |||Balance at|Income||Gainsr|2021| |||1 April 2020f|(restated)f|Expendiiuref|(Losses)f|(restated)| |General funds||1,095,380|307,098|(268,511)|1,603,590|2,737,557| |Restricted|funds|127,441|52,212|(64,723)||114,930| |||1,222,821|359,310|(333,234)|1,603,590|2,852,487| ## |Analysis of net assets between
funds - current|year||| |---|---|---|---| ||Restricted|Unrestricted|Total| ||funds|funds|funds| ||2022
f|2022|2022f| |Tangible fixed assets||2,766,711|2,766,711| |Fixed asset investments||1,300,000|1,300,000| |Current assets|149,438|226,109|375,547| |Creditors due within one year||(390,071)|(390,071)| |Creditors due in more than one year||(1,148,681)|(1,148,681)| |Total|149,438|2,754,068|2,903,506| ## ## |||Restricted|Unrestricted|Total| |---|---|---|---|---| |||funds|funds|funds| |||2021|2021|2021| |||restated|restatedf|restated
8| |Tangible|fixed assets||2,776,159|2,776,159| |Fixed asset investments|||1,300,000|1,300,000| |Current|assets|114,930|93,891|208,821| |Creditors|due within one year||(234,241)|(234,241)| |Creditors|due in more than one year||(1,198,252)|(1,198,252)| |Total||114,930|2,737,557|2,852,487| ## |||||Group|Group| |---|---|---|---|---|---| ||||||2021| |||||2022|restated| |Net income for the year (as per Statement|||of Financial Activities)|51,019|526,076| |Adjustments
for:|||||| |Depreciation
charges||||16,855|25,359| |Gains/(losses)
on investments|||||(500,000)| |Increase
in debtors||||(102,101)|(43,015)| |Increase
in creditors||||161,829|30,557| |Net cash provided|by operating|activities||127,602|38,977| ## ## ## |||||Group|Group| |---|---|---|---|---|---| |||||2022f|2021f| |Cash|in|hand||170,121|105,496| |Overdraft||facility repayable|on demand||(38,630)| |Total|cash and cash equivalents|||170,121|66,866| ## ## ## ## |Group|Group| |---|---| |2022|2021f| |6,250|8,079| ## ##