2023-03-31-accounts - Dorset Wildlife Trust

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CONTENTS
			Page
Reference and Administrative Details			1 —3
Chair's Report
Report ofthe	Directors (including the Strategic	Report)	5 —18
Independent	Auditor's Report		19—23
Consolidated	Statement of Financial Activities		24
Consolidated	Summary Income and Expenditure	Account	25
Consolidated	and Charity Balance Sheets		26
Consolidated	and Charity Cash Flow Statements		27
Notes to the Financial Statements			28 —54

Dr G McGavin	(President)
L Bunce	(Vice President)
L Haskins	(Vice President)
J McDavid	(Vice President)
J Powne	(Vice President)
P Scupholme	(Vice President)
P Westgate	(Vice President)
J Westgate	(Vice President)
Sir J Eliot Gardiner	(Patron)
S Fine King	(Patron)

Executive and senior management
B Bleese BSc,FRGS	Chief Executive
I Davenport BSc	(Director of Nature	Based Solutions)
S E Patterson ACA	(Director of Finance	and Resources)
A Pollard BSc,MSc	(Director of Nature	Recovery Networks)
SThompson	(Director of Marketing gi Fundraising)
L McLellan	(Acting Director of	Marketing & Fundraising)

		Notes	Notes	Unrestricted	Restricted	Endowment	Year ended	Yearended
				Funds	Funds	Funds	31March	31March
							2023	2022
				f'000	f'000	f'000	E'000	f'000
INCOME & ENDOWMENTS
FROM:
Donations & legacies				3,024	479		3,503	5,756
Charitable activities				197	1,034		1,231	1,160
Other trading activities				227			227	207
Investments				41		14	57	37
Other				79			79	35
TOTAL INCOME				3 568	1515	14	~5097	7 195
EXPENDITURE ON:
Raising funds				1,020		8	1,032	835
Charitable activities				1,522	1,617		3,139	2,396
Other
TOTAL EXPENDITURE				2 542	1621	8	~4171	~3231
NET INCOME/(EXPENDITURE)		FOR THE
YEAR BEFORE (LOSSES)/GAINS ON				1,026	(106)	6	926	3,964
INVESTMENTS
Net (losses)/gains on investments				~84	~19	~32	~135	104
NET INCOME/(EXPENDITURE)				942	(125)	(26)	791	4,068
Transfers between funds				109	~109
NET MOVEMENT IN FUNDS				1,051	(234)	(26)	791	4,068
TOTAL FUNDS B/FWD		22-24		5 070	9402	~1353	~15825	~11757
TOTAL FUNDS C/FWD		22-24		6 121	~	~	~66	~825
The group has no recognised	gains or losses			other than those included		above. The Consolidated Statement
of Financial Activities has been		prepared	on	the basis that all operations		are continuing	operations.

				Notes	2023	2022
					f'000	f'000
Income					5,040	7,158
Gains on investments						104
Interest and investment	income				57	37
Gross income in the financial year					5 097	7 299
Expenditure					4,057	3,122
Losses on investments					135
Depreciation 8 charges for impairment			offixed assets		114	109
Total expenditure in the	financial	year			4 306	3 231
Net income before tax for the financial			year		791	4,068
Tax on net income from	ordinary	activities		14
Net income for the year

orthe year ended	31March 20	23
			Group		Company
			31March	31March	31March	31March
			2023	2022	2023	2022
		Notes	f'000	f'000	f'000	f'000
FIXEDASSETS
Tangible assets		15	3,155	2,992	3,145	2,983
Heritage assets		16	7,565	7,767	7,565	7,767
Investments		17	4,007	3,934	4,007	3,934
			14,727	14,693	14,717	14,684
CURRENT ASSETS
Stock		18	167	162	151	146
Debtors		19	1,537	1,184	1,556	1,206
Cash at bank and in hand			1,404	834	1,315	728
			3,108	2,180	3,022	2,080
CREDITORS: Amounts	falling due
within one year		20	(1,219)	(1,038)	(1,193)	(1,008)
NET CURRENT ASSETS			1,669	1,142	1,829	1,072
CREDITORS: Amounts	falling due
after one year		21
TOTAL NET ASSETS					~16546	~15746
RESERVES AND FUNDS
CAPITAL FUNDS
Endowment funds		22	~1327	1353	~1327	.1353
INCOME FUNDS
General funds		23(a)	5,319	4,499	5,249	4,420
Designated funds		23 (b)	802	571	802	571
Unrestricted funds			6,121	5,070	6,051	4,991
Restricted funds		24	9,168	9,402	9,168	9,402
TOTALFUNDS		25				~74

								Group		Company
								31March	31March	31March	31March
								2023	2022	2023	2022
							Notes	f'000	f'000	6'000	6'000
Cash flows from operating				activities:
Net cash	provided by operating				activities		32	590	4311	604	4 274
Cash flows from investing		activities
Dividends,	interest gi rents		from
investments								57	37	57	37
Investment management		costs						(33)	(28)	(33)	(28)
Proceeds	from sale offixed			assets				67	3	67	3
Purchase	offixed assets							(139)	(3,940)	(136)	(3,933)
Proceeds	from sale of investments							2,339	482	2,339	482
Purchase	ofinvestments							L22547	~1782	L22547	~1782
Net cosh	used in investment			activities				256	5 228	253	5 221
Cash flows from financing		activities
Deferred	SANG income							252		252
Repayment ofborrowing								~16		~16
Net cash	(used in)/generated			by	financing
activities								236		~26
Change in cash and cash equivalents						in the
financial year								570	(923)	587	(953)
Cash and	cash equivalents		at the beginning
ofthe year								834	1757	728	1681
Cash and	cash equivalents		at the		end	ofthe
year							33	~1404	834	~1315	728

Freehold	Land	Nil
Freehold	Property and Improvements	2 -4' Straight		line
Leasehold	Property and improvements	Straight	line over period oflease
Farm Buildings, Hides and Fencing		4 —1096	straight	line
Tools and	Equipment	5 —25%	straight	line

		Unrestricted	Unrestricted	Restricted	Restricted	Endowment	Total
		Funds		Funds		Funds	2023
		f'000		f'000		f'000	f'000
Membership income		1,183			2		1,185
Grants and donations			95		394		489
Legacies		1	746		83		1829
		3	024		479		3 503
Prior year comparatives							2022
Membership income		1,143			2		1,145
Grants and donations			79	3,904			3,983
Government Covid support grants			40				40
Gifts in kind			2				2
Legacies			584		2		586
		1	848	3	908		5 756
3. CHARITABLE	ACTIVITIES						2023
Grants and contracts				1,034			1,034
Primary purpose	trading		197				197
			197	1	034		~1231
Prior year corn pa	roti ves						2022
Grants and contracts				1,042			1,042
Primary purpose	trading		118				118
			118	1	042		1160
4. OTHER TRADING ACTIVITIES
							2023
Retail			66				66
Facilities/resource	hire		113				113
Rental income			44				44
Fundraisine			4				4
			227				227
Prior year comparati ves							2022
Retail			59				59
Facilities/resource	hire		92				92
Rentalincome			50				50
Fundraisina			6				6
			207				207

			Unrestricted	Restricted	Endowment	Total
5.INVESTMENT INCOME			Funds	Funds	Funds	2023
			f'000	f'000	f'000	f'000
Interest			4			4
Dividend			30		14	46
Rental income			7			7
			41		14	57
Prior year comparati ves						2022
Dividend			19			30
Rental income			7			7
			26			37
						Total
6.OTHER INCOME						2023
Wayleaves			1
Sundry income			75			75
Profit on sale offixed assets			3
			79			79
Prior year corn parati ves						2022
yyayleaves						1
Sundryincome			31			31
Profit on sale offixed assets
			35			35
			Unrestricted	Restricted	Endowment	Total
7.EXPENDITURE	ON RAISING FUNDS		Funds	Funds	Funds	2023
			f'000	f'000	f'000	f'000
Raising donations	and	legacies	347			350
Membership servicing		& recruitment	534			534
Trading company	costs		115			115
Investment management			24			33
			1020			1032

For the year e	nded 31March 2023 (con	tinued)
		Unrestricted	Restricted	Endowment	Total
7.EXPENDITURE ON RAISING FUNDS		Funds	Funds	Funds	2022
(continuedl		f'000	f'000	f'000	f'000
Prior year comparoti ves
Raising donations and legacies		234			234
Membership servicing & recruitment pa		498			498
Trading company costs		75			75
Investment management		20			28
		827			835
8.CHARITABLE	ACTIVITIES
					Total
					2023
corn	roti	f'000	f'000	f'000	f'000
Nature Reserve	management	496	567		1,063
Nature Network	Recovery	560	236		796
Nature Based Solutions		466	814		~1280
		1522	1617		3139
Prior year	ves				2022
Nature Reserve	management	314	605		919
Living Landscapes & Living Seas		424	196		620
Policy Advocacy	& Evidence	307	550		857
		1045	1351		2396
9.TOTAL EXPENDITURE corn para		Direct Staff Costs	Other Direct	Support Costs	Total 2023
			Costs
		f'000	f'000	f'000	f'000
Raising funds		318	436	245	999
Investment management			33		33
Nature reserve	management	480	378	205	1,063
Nature Network	Recovery	351	245	200	796
Nature Based Solutions		560	529	191	1280
		1709	1621	841	~4171
Prior year	tives				2022
Raising funds		237	368	202	807
investment management			28		28
Nature reserve	management	365	366	188	919
Living Landscapes & Living Seas		287	178	155	620
Policy Advocacy	& Evidence	437	247	173	857
		1326	1187	718	3231

Forthe y	ear ended 31March 2023 (continued)	ear ended 31March 2023 (continued)	ear ended 31March 2023 (continued)
9.TOTAL	EXPENDITURE (continued)
Total expenditure		is stated after charging:		Group	Group
				2023	2022
				E'000	E'000
Auditors'	remuneration
Audit (Company		L14,717;2022 f14,635)		20	19
Non-audit	(Company -f1,550);2022 E3,000)				4
Depreciation on		owned assets		114	104
Depreciation on		financed assets
Amounts	payable	under operating	leases	31	36
Profit on	sale of	fixed assets

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		2023	2022
		E'000	E'000
Turnover		185	155
Cost ofsales		(77)	(60)
Gross profit		108	95
Other operating	charges	(69)	(47)
Profit for the year before tax		39	48

				Group		Company
				2023	2022	2023	2022
Management		and	administration	10	7	10	7
Raising	funds			14	13	14	13
Nature	reserve	management		14	12	14	12
Nature	Recovery Networks			14	13	14	13
Nature	Based	Solutions		19	15	19	15
				71	60	71	60
Equival	ent full-time		staff	59	51	59	51

15.TANGIBLE	FIXED ASSETS
						Farm
GROUP		Freehold			Leasehold	Buildings,	Tools and	Total
		Property	and		Property and	Hides and	Equipment
		Improvements			Improvements	Fencing
			f'000		E'000	E'000	E'000	f'000
COST
As at 1April 2022			2,543		137	716	1,406	4,802
Additions				27		24	88	139
Disposals						(54)	(228)	(282)
Transfers				195				195
As at 31March	2023		2	765	137	686	1266	4 854
DEPRECIATION	SE IMPAIRMENT
As at 1April 2022				162	114	460	1,074	1,810
Charge for the	year			14	8	29	56	107
Disposals						(54)	(164)	(218)
As at 31March	2023			176	122	435	966	1699
NET BOOK VALUE
As at 31March	2023
As at 31March	2022

16.HERITAGE ASSETS
	Freehold		Leasehold
GROUP AND COMPANY	Property	and	Property and	Total
	Improvements		Improvements
		f'000	E'000	E'000
COST OR VALUATION
As at 1April 2022		7,721	356	8,077
Transfers		(195)		(195)
As at 31March 2023		7 526	356	7 882
DEPRECIATION
As at 1April 2022		19	291	310
Charge for the year		1	6	7
As at 31March 2023		20	297	317
NET BOOK VALUE
As at 31March 2023				~75
As at 31March 2022		7 70

17.INVESTMENTS —GROUP AND	17.INVESTMENTS —GROUP AND	17.INVESTMENTS —GROUP AND	COMPANY
				Group
				2023	2022
				f'000	f'000
Carrying value	as at 1April 2022			3,934	2,530
Additions to investments		at cost		2,547	1,782
Disposals at carrying value				(2,349)	(482)
Net gain on revaluation				(125)	104
Carrying value	as at 31March 2023			4007	3 934
Analysis ofinvestments
Quoted investments				3.777	3,684
Investment properties				230	250
				~4007	3 934
				Market	Market
				Value	Value
				2023	2022
				f'000	f'000
Fixed Interest	Securities			975	615
UK Equities				329	416
Overseas Equities				881	839
Alternatives				567	377
Commodities				260	191
Property				39	45
Ruffer Charity	Assets Trust				724
CCLA Charities	Ethical Investment		Fund	726	477
				~3777	3 684
Investment property
				2023	2022
				f'000	f'000
Value as at 1April 2022				250	250
Revaluation during the year				~20
Value as at 31	March 2023			230	250

18.STOCK
	Group		Company
	2023	2022	2023	2022
	f'000	f'000	f'000	f'000
Goods For Resale	16	16
Farm Livestock and Deadstock	139	146	139	146
Raw Materials	12		12
	167	162	151	146

19.DEBTORS:	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
			Group		Company
			2023	2022	2023	2022
			f'000	f'000	f'000	f'000
Trade debtors			106	122	133	122
Amounts due	from subsidiary	undertaking				27
Other debtors			150	136	149	136
Prepayments	and accrued income		1,281	926	1,274	921
			1537	1184	1556	1206

					Group		Company
					2023	2022	2023	2022
					f'000	f'000	f'000	f'000
Trade creditors						84	8	88
Amounts owed to		subsidiaries					1
Other taxes	and social		security	costs	41	45	41	40
Other creditors					100	109	100	109
Obligations	under	hire	purchase	and finance
agreements	within	one	year			6		6
Accruals and	deferred		income		1,070	794	1,043	765
					~1219	1038	1193	1008

								Group		Company
								2023	2022	2023	2022
								f'000	f'000	f'000	f'000
Obligations		under		hire	purchase	and
finance agreements									10		10
									10		10
2.ENDOW		ENT	FUNDS
									Realised
GROUP AND COMPANY						1April			gains/		31	IVI arch
						2022	Income	Expenditure	Revaluations	Transfers		2023
						f'000	f'000	f'000	f'000	f'000		f'000
Brownsea		Island	Endowment			132			(3)			129
Helen Brotherton
Endowment		Fund				1,221	13	(7)	(29)			1,198
						1353	14		~32			1327
									Realised
GROUP AND COMPANY						1April			gains/		31	March
						2021	Income	Expenditure	Revaluations	Transfers		2022
						E'000	f'000	f'000	E'000	Er000		E'000
Brownsea	Island		Endowment			131						132
Helen Brotherton
Endowment		Fund				1,185			32			1,221
						g 316						1353

			General	Designated
			Fund	Fund	Total
			f'000	f'000	f'000
Balance as	at 1April 2022		4,499	571	5,070
Movement	in funds for the	year	1,032	(90)	942
Transfer between funds			(212)	321	109
Balance as	at 31March 2023		5 319	802	6 121
UNRESTRICTED FUNDS - COMPANY
			General	Designated
			Fund	Fund	Tota I
			f'000	f'000	f'000
Balance as	at 1April 2022		4,420	571	4,991
Movement	in funds for the	year	1,041	(90)	951
Transfer between funds			(212)	321	109
Balance as	at 31March 2023		5 249	802	6051
23 (b) DESIGNATED FUNDS		—GROUP AND COMPANY

					Net
				1April 2022	Movement	31March 2023
				f'000	f'000	f'000
Ash Die back fund				34	138	172
Brexit impact fund				213	(50)	163
Brownsea development	fund			61	120	181
Environmental performance		fund		50		50
Explore Dorset fund				15	10	25
Headquarters development					20	20
Imerys fund				17	(5)	12
Kingcombe Centre repairs fund				10	(2)	8
Kingcombe Farmhouse	repairs fund			40	(28)	12
Nature Reserve Fencing	Programme			16	56	72
Water infrastructure fund				15	(15)
Wild Woodbury site development			fund	100	L113	87
				571		802

ANALYSIS OF GROUP NET ASSETS BE	TWEEN FUNDS
	Unrestricted	Designated	Restricted	Endowment	Total
	Funds	Funds	Funds	Funds	Funds
Fund balances at 31March 2023	f'000	f'000	f'000	f'000	f'000
are represented by:
Tangible fixed assets	1,304		1,851		3,155
Heritage assets	815		6,153	597	7,565
Investments	2,408		921	678	4,007
Net current assets	792	802	243	52	1,889
	5319	802	9168	1327	~16616
	Unrestricted	Designated	Restricted	Endowment	Total
	Funds	Funds	Funds	Funds	Funds
Fund balances at31March 2022	f'000	f'000	f'000	f'000	f'000
are represented by:
Tangible fixed assets	1,313		1,679		2,992
Heritage assets	815		6,355	597	7,767
investments	2,501		714	719	3,934
Net current assets	(120)	571	654	37	1,142
Long term creditors	(10)				(10)
	4499	571	9402	1353	15825

		Land R Buildings	Land R Buildings
		2023	2022	2023	2022
		E'000	E'000	f'000	E'000
Lease	payments
Falling	due within one year	8	3		19
Falling	due between two and five years	27	8
Falling	due after five years	90	29
		125	40		25

					Group	Group		Company
					2023	2022	2023		2022
				f'000		f'000	f.'000		f'000
Net income for the year					791	4,068		800	4,031
Adjusted for:
Losses/(gains)		on investments			135	(104)		135	(104)
Net investment		income			(24)	(9)		(24)	(9)
Depreciation	charges				114	109		112	108
(Profit) on disposal offixed assets					(3)	(3)		(3)	(3)
(Increase) in stocks					(5)	(25)		(5)	(32)
Decrease/(increase)			in debtors		(352)	3,397	(350)		3,409
(Decrease)/increase			in creditors		~65	~3122	~61		~3126
					591	4311		604	4 274
33.ANALYSIS	OF CASH AND CASH EQUIVALENTS				Group			Company
					2023	2022	2023		2022
				f'000		f'000	f'000		f'000
Cash in hand				1,317		779	1,227		673
Cash for re-investment					88	55		88	55
Total cash and		cash	equivalents	1405		834	1	315	728
34.ANALYSIS	OF CHANGES IN NET DEBT
GROUP			At	start of	Cash	flows	New	Other	non-	At end of
				year			finance		cash	year
							leases	changes
				f'000		f'000	f'000		f'000	f'000
Cash				779		537				1,316
Cash equivalent				55		33				88
				834		570				1,404
Finance lease	obligations			~16		16
				818		586				1404
COMPANY			At	start of	Cash	flows	New	Other	non-	At end of
				year			finance		cash	year
							leases	changes
				f'000		f'000	f'000		f'000	f'000
Cash				673		554				1,227
Cash equivalent				55		33				88
				728		587				1,315
Finance lease	obligations			~16		16
				712		603				1315

		Unrestricted	Restricted	Endowment	Yearended
		Funds	Funds	Funds	31March
					2022
		f'000	f'000	f'000	f'000
INCOME & ENDOWMENTS
FROM:
Donations &.legacies		1,848	3,908		5,756
Charitable activities		118	1,042		1,160
Other trading activities		207			207
Investments		26			37
Other		35			35
TOTAL INCOME		2 234	4 950		~7195
EXPENDITURE ON:
Raising funds		827			835
Charitable activities		1,045	1,351		2,396
Other
TOTAL EXPENDITURE		1872	1351	8	~3231
NET (EXPENDITURE)/INCOME	FOR THE
YEAR BEFORE GAINS/(LOSSES)	ON
INVESTMENTS		362	3,599		3,964
Net gains/ (losses) on investments		54	16	34	104
NET INCOME		416	3,615	37	4,068
Transfers between funds		8	~8
NET MOVEMENT IN FUNDS		424	3,607	37	4,068
TOTAL FUNDS B/FWD		4 646	5 795	~1316	11757
TOTAL FUNDS C/FWD		070	94 2