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2023-03-31-accounts

Pacaee
Reference and Administrative Details
Trustees' Annual
Report		 2-10
Independent
Auditors'		 Report 11 - 14
Statement of Financial Activities 2022/23 15
Statement of Financial Activities 2021/22
Balance Sheet 17
Statement ofCash Flows 18
Notes to the Financial Statements 19-32
Charity name name Farming
and Wildlife Advisory
Group South West Limited		 Farming
and Wildlife Advisory
Group South West Limited		 Farming
and Wildlife Advisory
Group South West Limited		 Farming
and Wildlife Advisory
Group South West Limited
Other names FWAG SW
Charity number 1146071
Company number 07865031
Trustees and Directors A Daros
C Fowle
A Hosford (Chair)
M Pope (resigned 7 September 2022)
M Morris
SWalker
M Humphry (appointed 7 September 2022)
C Wilson (appointed 7 September 2022)
Chief Executive Officer G Rumbold
Registered Office Hawkridge House
Summerfield Way
Chelston
Business Park
Wellington
Somerset
TA21 9JE
Auditors Albert Goodman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Bankers Natwest
Bank PLC
26 - 27 Fore Street
Taunton
Somerset
TA1
1JQ

TOTAL TOTAL
Notes Unrestncted Restricted 2023 2022
Funds Funds Funds Funds
F E 6
Income from:
Donations
and legacies		 131,275 37,173 168,448 127,858
Trading
activites: event income		 11,966 11,966 7,488
Investment
income:		 bank interest 442 442 19
Other income 2,044 2,044
145,727 37,173 182,900 135,365
Charitable
activities		 2,600,908 765,585 3,366,493 3,723,694
Total income 2,746,635 802,758 3,549,393 3,859,059
Expenditure
on:
Raising
funds		 11,294 28,898 40,192 15,984
Charitable
activities		 5 3,061,258 737,851 3,799,109 3,634,022
Total expenditure 3,072, 552 766,749 3,839,301 3,650,006
Net income/(expenditure) before transfers (325,917) 36,009 (289,908) 209,053
Transfer between
funds		 12 174,666 (174,666)
Net movement
in funds		 (151,251) (138,657) (289,908) 209,053
Reconciliation
offunds:
Total funds
brought		 forward 12 446,956 427,561 874,517 665,464
Total funds carried forward 12 295,705 288,904 584,609 874,517

TOTAL TOTAL
Notes Unrestricted Restricted 2022 2021
Funds Funds Funds Funds
6 6
Income from:
Donations
and legacies		 3 121,497 6,361 127,858 142,652
Trading activites: event income 7,488 7,488 11,022
Investment
income: bank		 interest 19 19 41
Other income 580
129,004 6,361 135,365 154,295
Charitable
activities		 4 2,680,221 1,043,473 3,723,694 2,763,735
Tota I income 2,809,225 1,049,834 3,859,059 2,918,030
Expenditure
on:
Raising
funds		 2,610 13,374 15,984 4,224
Charitable
activities		 5 2,843,242 790,780 3,634,022 2,580,081
Tota I expe nditure 2,845,852 804,154 3,650,006 2,584,305
Net income/(expenditure) before transfers (36,627) 245,680 209,053 333,725
Transfer between
funds		 12 13,390 (13,390)
Net movement
in funds		 (23,237) 232,290 209,053 333,725
Reconciliation
offunds:
Total funds
brought
forward		 12 470,193 195,271 665,464 331,739
Total funds
carried forward		 12 446,956 427,561 874,517 665,464

Notes 2023 2022
E
Fixed Assets
Tangible Assets 18,728 17,267
Current
Assets
Debtors 9 1,058,603 1,553,642
Cash at bank and in hand 236,921 370,865
1,295,524 1,924,507
Creditors falling due within one year 10 (694,190) (1,026,552)
Net Current Assets 601,334 897,955
Creditors falling after more than one year 10 (35,453) (40,705)
Tote I Net Assets 13 584,609 874,517
Funds ofthe charity
Restricted
Funds		 12 288,904 427,561
Unrestricted
Designated		 Funds 12 18,728 17,267
Unrestricted
General		 Funds 12 276,977 429,689
Total Charity
Funds		 13 584,609 874,517

2023 2022
Notes f
Net cash provided
by / (used In) operating		 activities 16 (117,512) (113,611)
Cash flows from Investing
activities
Interest
income		 442 19
Purchases oftangible
and intangible
fixed		 assets (17,124) (19,137)
Proceeds from sale offixed assets 250
Net cash provided
by
/ (used
In) investing		 activities (16,432) (19,118)
Cash flows from financing
activities
Cash infiows/(outfiows)
from new borrowing		 10
Change
in		 cash and cash equivalents
in the year		 )133,944) )132,729)
Cash and cash equivalent
at the beginning		 of the year 17 370,865 503,594
Total cash and cash equivalent
at the end		 ofthe year 17 236,921 379,965

1.6 Debtors
Trade debtors are recognised
at the settlement
amount
due after any trade discount offered.
Accrued
income
is recognised
at the settlement
amount
due. Other debtors comprise
prepayments,
which
are valued
at the amount
ofexpense
relevant
to future
periods
and other debtors,
which are recognised
at
the settlement
amount due.
1.7 Cash at bank and
in hand
Cash
at bank
and
in hand
comprise
cash
on hand
and
call deposits,
and other short-term
highly
liquid
investments
that are readily convertible
to a known
amount ofcash and are subject to an insignificant
risk of
change
in value.
1.8 Creditors
Creditors
and provisions
are recognised
where
the charity
has a present
obligation
resulting
from a past
event that
will probably
result
in the transfer
of funds
to a third
party
and the amount
due to settle the
obligation
can be measured
or estimated
reliably. Creditors and provisions
are recognised
at their settlement
amount.
1.9 Taxation
The company
is a registered
charity applying
all income and gains to charitable
purposes
and
not liable to corporation
tax.		 is therefore
1.10 Pension contributions
The
charity
operates
a defined
contribution
pension
scheme.
The scheme
and
its assets
independent
managers.
Contributions
are recognised
in the Statement
of Financial Activities
in
which they become payable
in accordance
with the rules ofthe scheme.		 are
held
by
the period
in
Fund accounting
General
funds are unrestricted
funds
receivable
or generated
for the objects of the charity
without
further
specified purpose
and are available as general funds.
Designated
funds are unrestricted
funds
earmarked
by the trustees
for particular
purposes.
have designated
certain
unrestricted
funds,
representing
the net book value ofthe unrestricted		 The trustees
fixed assets
used to enable FWAGSW to fulfil its charitable
activities.
Restricted
funds are to be used for specific purposes as laid down
by the donor. Expenditure
this criterion
is charged
to the fund, together
with a fair allocation ofmanagement
and support		 which meets
costs.
1.12 Leasing and hire purchase
commitments
Assets obtained
under
hire purchase
contracts
and finance leases are capitalised
as tangible
assets and
depreciated
over the shorter ofthe lease term and their useful
lives. Obligations
under such agreements
are
included
in creditors
net ofthe finance charge allocated
to future periods. The finance element
ofthe rental
payment
is charged
to the Statement
of Financial
Activities
so as to produce
a constant
periodic
rate of
charge on the net obligation
outstanding
in each period. Rentals payable
under operating
leases are charged
to the Statement
of Financial
Activities as incurred
over the term ofthe lease.
1.13 VAT
The charity has a partial
exemption
from VAT. Irrecoverable
VAT is included
in the costs of those items to
which
it relates.

The net incoming resources
for the year		 resources
for the year		 are stated after are stated after charging: charging:
2023 2022
6
Operating
lease
Depreciation
and		 rentals
amortisation
ofowned		 tangible & intangible fixed assets 34,106
15,447		 26,956
13,338
Loss/(profit)
on disposal
Auditor's
remuneration		 offixed assets
- audit fees		 34
5,570		 5,250
- other services and irrecoverable VAT 998 2,075

Unrestricted Restricted Total
2023 2023 2023
f. f f
Donations and giRs 17,883 1,450 19,333
Kingfisher scheme 35,723 35,723
Membership subscriptions 113,392 113,392
131,275 37,173 168,448
Unrestricted Restricted Total
2022 2022 2022
f f
Donations and giRs 23,721 200 23,921
Kingfisher scheme 6,161 6,161
Membership subscriptions 97,519 97,519
Exceptional government funding:
Coronavirus Job Retention Scheme 257 257
121,497 6,361 127,858

Unrestricted Restricted Total
2023 2023 2023
f
Core work 340,928 340,928
Project work 2,259,980 765,585 3,025,565
Total income from charitable acti+'ties 2,600,908 765,585 3,366,493
Project work consists of: Project work consists of: Project work consists of: Unrestricted
2023		 Restricted
2023		 Total
2023
F 8
Government
Other grants
Government		 grants
contracts		 1,150,704
34,257
714,115		 450,397
301,197
3,991		 1,601,101
335,454
718,106
Other contracts 306,722 10,000 316,722
Farm Plastic Recycling 54,182 54,182
2.259,980 765,585 3,025,565
income from charitable activities —2022
Unrestricted Restncted Total
2022 2022 2022
8 8 8
Core work 235,180 235,180
Project work 2,445,041 1,043,473 3,488,514
Total income from charitable activities 2,680, 221 1,043,473 3,723,694
ProJect work consists of: Unrestricted Restricted Total
2022 2022 2022
F f f
Government
Other grants
Government		 grants
contracts		 1,119,274
91,305
831,918		 880,485
157,948		 1,999,759
249,253
831,918
Other contracts 349,921 5,040 354,961
Farm Plastic Recycling 52,623 52,623
2445,041 1,043,473 3,488,514

Unrestricted Restricted 2023
f
Salary costs 1,520,013 299,345 1,819,358
Subcontractor costs 31,753 1,853 33,606
Project and core direct costs 1,198,753 408,083 1,606,836
Travel and subsistence 56,673 17,379 74,052
Office costs 148,563 148,563
Admin costs 116,694 116,694
Admin seniices (11,191) 11,191
3,061,258 737,351 3,733,153
Unrestricted Restricted 2022
f
Salary costs 1,303,962 224,215 1,528,177
Subcontractor costs 39,072 200 39,272
Pro)ect and core direct costs 1,231,425 550,557 1,781,982
Travel and subsistence 47,896 12,283 60,179
Office costs 127,882 13 127,895
Admin costs 95,572 945 96,517
Admin services (2,567) 2,567
2,843,242 790,780 3,634,022

Wag es and salaries
2023 2022
6 8
Salaries
and wages
Social Security costs
Pension costs		 1,620,276
134,017
65,065		 1,373,051
101,528
53,598
1,819,358 1,528, 177
The average
monthly
number ofemp		 loyees
during
the year, and th		 eir full-time
 equivalents
(FT		 E) we
2023 2022
FTE Total FTE Total
Project work
Administration		 46
7		 56
10		 40
5		 48
8
53 66 45 56

Computer
Furniture and other
and fixtures equipment Total
f f.
Cost:
At 1 April 2022 5,029 68,478 73,507
Additions 2,430 14,694 17,124
Disposals (6,054) (6,054)
At 31 March 2023 7,459 77,118 84,577
Depreciation:
At 1 April 2022 3,141 53,099 56,240
Charged in the year 1,309 14,138 15,447
Disposals (5,838) (5,838)
At 31 March 2023 4,450 61,399 65,849
Net book value:
At 31 March 2023 3 Q09 15,719 18,728
At 31 March 2022 1,888 15 379 17,267

2023 2022
f f
Trade debtors 588,597 1,271,483
Accrued income 443,990 265,784
Other debtors 26,016 16,375
1,058,603 1,553,612

10
Creditors
 10
Creditors
Creditors: amounts falling due within one year
2023 2022
6 f
Loans and borrowings 5,252 5,123
Trade creditors 157,927 598,607
Accruals 130,835 93,708
Taxation
and social security		 107,941 148,821
Deferred income 24,855 23,680
Other creditors 267,380 156,613
694,190 1,026,552
Creditors: amounts falling due after more than one year
2023 2022
f f
Bank loans 40,705 45,828
Less: shown as due within one year (5,252) (5,123)
35,453 40,705
Split as:
Due within
two to		 five years 22,370 21,818
Due afier more than 5 years 13,083 18,887
35,453 40,705
On 27 May 2020 FWAG SWtook advantage of the Government
backed Bounceback		 I oan Scheme
i
protect the charity's
Bank pic. The loan		 cashflow
in such uncertain
is being repaid over a nine		 times. An
year period,		 unsecured
loan of F50,000 was received
which commenced
in June 2021, following
months
in which no		 interest accrued and no repayments were due.
A tixed nominal
interest		 rate of2.5% is applied,
resulting		 in total interest of F5,945 over the term of
monthly
repayments		 of f518will be made, with the final instalment due in May 2030.
11
Deferred income
Where amounts
are		 received in advance, for a specified period, these funds are deferred and recogni
period to which they relate. Deferred income comprises of:
2023 2022
8 F
Included
within donations:
Membership
subscriptions		 24,855 23,680
Deferred income as at 31 March 2022 24,855 23,680
Deferred
income		 as at 31 March 2021 23,680 19,245
Released
in year		 (23,680) (19,245)
Deferred
in year		 24,855 23,680
Deferred
income		 as at 31 March 2022 24,855 23,680

1 April Transfer Transfer 31 March
2022 Income Expenditure between funds 2023
f f f f
Restricted funds
Animation
Thirty Percy Integrated		 Local Delivery 15,000 (8,916) 8,084
Bledington
&Westcote Brook		 WILD 76 (76)
Bledington
&Westcote Brook		 WILD 2WEIF 30,462 (30,462)
Brue Pdorlty Catchment
Project		 8,139 37,471 (45,610)
Carrant Overbury
Collaborahon		 7,604 7,604
Coastal Levels Project 1,389 29,459 (25,189) (5,659)
Cornwall
Farmland
Bird Project		 15,850 (5,814) (7,604) 2,432
CPF Catchment
Partnership		 35,000 (35,000)
CPF Upper Thames 7,500 (7,500)
Devil's Brook WEIF Phase 2 1,271 (1,174) (97)
Diverse Winter Forage 11,833 (11,833)
Dorset Wild Rivers 14,000 (14,000)
Eden Project Soils Training 3,000 3,000
Exmoor Atlantic Ralnforest 1,600 (1,600)
Farm Advice Project 50,000 (12,619) 37,381
Feeding Gloucestershire/Sustainable Food Places 250,000 (80,000) (20,000) 150,000
Feeding Gioucestershire/Sustainable Food Places 10,000 (8,358) 20,000 21,642
Filling the Gap CPRE (1,023) 3,027 (2,000) (4)
Flounshing
Floodplains		 181,253 (166,803) (14,450)
GREAT Project 102,159 148,000 (131,008) (119,151)
GREAT Project —Glos Food Partnership 4,953 7,000 (11,953)
KAS —General
Fund		 6,977 5,000 (2,315) 9,662
KAS —Cornwall 7,677 3,803 (5,747 l 5,533
KAS —Devon 1,047 3,000 (3,191) 856
KAS —Dorset 10,500 (1,974) 8,526
KAS —Glos 1,000 6,000 (2,118) 4,882
KAS —Somerset 4,684 5,583 (9,551) 716
KAS —Wiltshire 3,615 2,037 (4,002) 1,650
Local Authority
Treescape		 Fund (140) (27) 167
Local Nature
Partnership		 10,000 (14) 9,986
Long Brady Farmer Group 9,923 (5,829) (4,094)
Moorlinch
Moors Association		 1,880 5,880 7,760
Moorllnch
Moors Assodation		 Gateways 160 160
Moorwood
Shelterbelt
—Tree Council		 11,452 (11,452)
Network
Rail Enhancement		 Corrklor (1,270) 3,991 (2,721)
Saving Devon's Treescapes 11,250 (2,966) (2,982) 5,302
Somerset Frome Multi-Benefit WEIF 616 30,621 (25,161) (6,076)
Somerset Frame (S.106) 3,166 23,533 (21,125) 6,574
Somerset Water Forum 1,000 2,000 (2,128) (872)
Tree Council
/ NR Community		 Tree Planting 1,825 630 (600) (1,855)
Trees Seeding Trial 256 (256)
Upper Thames Hedges
&Tress		 2,455 (2,455)
WILD 2 EA 4,605 (4,605)
WILD Phase 2 Year 4WEIF 29,166 (28,737) (429)
.WILD Westbury
Brook / Walmore		 Common WEIF 25,607 (24,465) (1,142)
Woodland
Trust Shelterbelt		 1,392 11,450 (12,688) 154
Yealm Estuary to Moor 3,125 (1,699) (1,426)
Restricted funds 427,561 802,758 (766,749) (174,666) 288,904
Unrestricted
funds
Designated
funds		 17,267 (15,663) 17,124 18,728
General funds 429,689 2,746,635 (3,056,889) 157,542 276,977
Total Funds 874517 3549393 3839,301 584609
Page 28

2
Statement
of		 fu n d s — 2 022
I Apnl Transfer 31 March
2021 Income Expenditure between funds 2022
6 6 6
Restricted
funds
Blackdown
Hills FIPL		 4,900 (979) (3,921)
Bledington
& Westcote		 Brook WILD 50 (50)
Bledington
& Westcote		 Brook WILD 2WEIF 19,970 (21,171) 1,201
Brue Pnonty
Catchment		 Project 1,276 24,623 (17,760) 8,139
Brue Water Resources Engagement 10,250 (7,379) (2,871)
Carrant
Outrbury
Collaboration		 7,777 (173) 7,604
Coastal
Leusls Proiect		 256,634 (255,245) 1,389
Compass
Project		 1,339 (1,312) (27)
Cornwall
Farmland
Bird		 Project 18,693 (2,843) 15,850
CPF Catchment
Partnership		 27,500 (27,500)
CPF Upper Thames 7,500 (7,500)
Deu'I's Brook WEIF Phase 2 13,874 (13,874)
Dorset Wild Riters
Exmoor Atlantic
Rainforest		 6,400 (1,344) (5,056)
Fairiord
& Healthy
Coin		 WILD
Feeding Gloucestershire/Sustainable Food Places 250,000 250,000
Filing the Gap CPRE 8,000 (9,023) (1,D23)
Flourishing
Floodplains		 25,670 (25,670)
GREAT Project 137,834 130,115 (115,790) (50,000) 102,159
GREAT Prelect
—Glos		 Food Partnership (45,047) 50,000 4,953
Healthy
WILD Windrush		 Prolect 2,245 (3,431) 1,186
KAS —General
Fund		 11,507 1,000 (5,530) 6,977
KAS - Cornwall 8,36D 1,161 (I,844) 7,677
KAS - Deuto 1,167 (120) 1,047
KAS —Somerset 6,741 3,000 (5,057) 4,684
KAS —Wilts hire 4,438 (823) 3,615
KAS —GI os 1,000 1,000
Local Authority
Treescape		 Fund 1,182 (1,322) (140)
Long Brady Farmer Group 3,609 (1,257) (2,352)
Lower Ation
Diffuse Water		 19,950 (18,942) (1,008)
Moorlinch
Moors Association		 98D 1,880
Moorknch
Moors Association		 Gateways 160 160
Network
Rail Enhancement		 Corndor (I94) (I,076) (I,270)
RWCD Coin & Chum Work Party Days (1,472) 1,472
Sadng Detorys Treescapes 2,707 (2,496) (211)
Shelterbelts
—Great Western		 CF 480 (480)
Somerset
Frome Multi-Benef		 t WEIF 287 16,561 (16,232) 616
Somerset
Frame (S 106)		 1,671 59,420 (57,925) 3,166
Somerset Water Forum 1,000 1,000
SRA Preston
Brook		 2,D94 (2,094)
Tree Council
/ NR Community		 Tree Planting 1,825 1,825
Trees Seeding Trial 256 256
WILD 2 EA 4,605 4,605
WILD Phase 2Year 3 Capital WEIF 98,200 (96,447) (1,753)
WILD Westbury
Brook		 / Walmore Common WEIF 31,348 (31,348)
Woodland
Trust Shelterbeit		 5,040 (3,648) 1,392
Restricted funds 195,271 1,049,834 (804,154) (13,390) 427,561
Unrestricted
funds
Designated
funds		 11,468 (13,338) 19,137 17,267
General
funds		 458,725 2,809,225 (2,832,514) (5,747) 429,689
Tote I Funds 665,464 3,859,059 (3,650,006) 874,517
Page 29

PRE
M IS E6
Payments
falling		 due: 2023 2022
f
Within one year 30,312 30,898
Between two and five years 42,688 78,600
In more than
five years
73,000 109,498
OTHER ASSETS
Payments
falling		 due: 2023 2022
f f
Within one year 3,895 3,895
Between two and five years 1,947 5,842
In more than
five years
5,842 9,737
16 Note to the cash flow statement
16(a) Reconciliation
of net movement		 in funds to net cash flow from operating activities
2023 2022
f f.
Net movement
in funds		 (289,908) 209,053
Add back: Depreciation charge 15,447 13,338
Loss/(proSt)
on disposal		 offixed assets (34)
Deduct: Deposit interest (442) (19)
Decrease/(Increase)
in debtors		 495,039 (623,229)
(Decrease)/Increase
in creditors		 (337,614) 287,246
Net cash provided
by
/ (used		 in) operating activities (117,512) (113,611)
17 Net debt reconciliation
Start ofyear
Cas hflowe		 At year end
f f
Cash at bank and
in hand		 370,865
(133,944)		 236,921
Bank loan falling due within 1 year (5,123)
(129)		 (5,252)
Bank loan falling due
in		 less than 5 years (21,818)
(552)		 (22, 370)
Bank loan falling due after 5 years (18,887)
5,804		 (13,083)
325,037
(128,821)		 196,216
Page 32